Answer: See explanation
Explanation:
In this case, since the supply is more than the demand for Economists in the country, this will lead to a lower wage for the Economists that are employed. This is because there are surplus Economists which can be readily called if those employed aren't willing to collect the lower wages.
Also, the excess Economists can move to other countries where their services will be needed. In some cases, they may take jobs that are similar to their practice such as researchers, marketing roles etc.
Determine the average rate of return for a project that is estimated to yield total income of $936,000 over eight years, has a cost of $1,200,000, and has a $100,000 residual value.
Answer:
18%
Explanation:
The computation of the average rate of return is shown below:
The average of annual income is
= $936,000 ÷ 8 years
= $117,000
And, the average investment is
= ($1,200,000 + $100,000) ÷ 2
= $650,000
Now the average rate of return is
= $117,000 ÷ $650,000
= 18%
The major advantage of a regular partnership or a corporation as a form of business organization is the fact that both offer their owners limited liability, whereas proprietorships do not. True False
Answer:
True
Explanation:
Some owners of a regular partnership (limited liability partnership) or a corporation (S-corporation) enjoy limited liability, unlike the owners of proprietorships, whose business liabilities and solvency are backed with the personal assets of the owners. The owners of a C-corporation enjoy full limited liability unless the corporate veil is lifted by the court, depending on prevailing circumstances. With limited liability also comes limited participation in the management of the entity.
Several years ago, the City of Russell issued $7 million of 6 percent serial bonds at 101. Principal payments of $350,000 are due each June 30 for 20 years. Interest on the bonds is payable each December 31 and June 30. As of June 30, 2015, the city has not paid the June 30 principal and interest payment. The amount of interest payable (assuming an outstanding balance of $4,000,000 of bonds) that should be included on the balance sheet for the debt service fund of the City of Russell at June 30, 2015 is how much?
Answer:
the interest payable is $210,000
Explanation:
The computation of the interest payable is shown below:
= Principal payments × rate of interest × no of months ÷ total no of months × time period
= $350,000 × 6% × 6 months ÷ 12 month × 20years
= $210,000
hence, the interest payable is $210,000
The same should be considered and relevant
Timeless Corporation issued preferred stock with a par value of $600. The stock promised to pay an annual dividend equal to 20.0% of the par value. If the appropriate discount rate for this stock is 13.0%, what is the value of the stock
Answer:
$923.08
Explanation:
Calculation to determine the value of stock
Annual Dividend = 20%*600 = D = 120
Discount rate = r = 13% = 0.13
Value of the preferred stock can be calculated using the perpetuity formula:
Value of the dividend = P = D/r = 120/0.13 = $923.08
Therefore the value of stock is $923.08
You got $200 from your grandma for your birthday. What should you do first? Option A A Record it as income in your budget. Option B B Stick it under your bed for safekeeping. Option C C Deposit it all straight into your savings account. Option D D Spend it.
ABC Partnership has the following capital balances and profit and loss percentages. A (50%) $100,000 B (30%) $200,000 C (20%) $300,000 D will pay a total of $200,000 to the three partners in a privately negotiated transaction to acquire a 25% ownership interest. The goodwill method is to be used. How much Goodwill is recorded by the partnership a. $300,000 b. $225,000 c. $400,000 d. $0 e. $200,000
The goodwill method is to be used. How much Goodwill is recorded by the partnership is 225,000. Hence, option B is correct.
What is goodwill method?Goodwill is calculated by subtracting the purchase price from the difference between the fair market value of the company's assets and liabilities. Companies are required to review their goodwill value on their financial statements at least once a year and reflect any impairments.
This method is used when profits fluctuate and the current year's profit is given primary importance. It's evaluated using the formula. Weighted Average Profit is the sum of all profits divided by the sum of all weights, and Goodwill is computed as Weighted Average Profit times the number of years since the purchase.
Goodwill valuation is the methodical evaluation of a company's goodwill for inclusion in its balance sheet under the heading of intangible assets.
Thus, option B is correct.
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Cushman Company had $846,000 in sales, sales discounts of $12,690, sales returns and allowances of $19,035, cost of goods sold of $401,850, and $291,025 in operating expenses. Gross profit equals:
Answer:
Explanation:
I'm pretty sure that gross profit is simply just sales-Cost of goods sold
846,000-401,850= 444,150
The 2017 balance sheet of Dream, Inc., showed current assets of $1,530 and current liabilities of $820. The 2018 balance sheet showed current assets of $1,800 and current liabilities of $1,000. What was the company's 2018 change in net working capital, or NWC
Answer:
$90
Explanation:
net working capital = current assets - current liabilities
therefore
2017 = $710
2018 = $800
change = $90
The company's 2018 change in net working capital, or NWC is $90
Gabe industries sells two products, basic models and deluxe models. Basic models sell for $44 per unit with variable costs of $25 per unit. Deluxe models sell for $25 per unit. Deluxe models sell for $54 per unit with variable costs of $25 per unit. Total fixed costs for the company are 1,441. Gabe Industries typically sells three Basic models for every Deluxe model. What is the breakeven point for Basic models and Deluxe models?
a. 26 units of Basic, 38 units of Deluxe
b. 17 units of Basic, 51 units of Deluxe
c. 38 units of Basic, 26 units of Deluxe
d. 51 units of Basic, 17 units of Deluxe
Answer:
See below
Explanation:
Basic models Deluxe models
Sales price $44 $54
Variable costs $25 $25
Contribution margin $9 $29
×
Sales mix 1 3
Total contribution margin $9 $87
Contribution margin per unit = $9 + $87 = $96
Weighted contribution margin= Total contribution margin / Units
= $96 / $4
= $24
Break even point = Total fixed costs / Weighted contribution margin
Break even point = $1,441 / $24
Break even point = 60 units
•Basic units = 60 × 63.33% = 38 units of basic
•Deluxe units = 60 × 43.33% = 26 units of Deluxe units
Solutions to the moral hazard problem include Select one: a. low net worth b. greater reliance on equity contracts and less on debt contracts c. monitoring and enforcement of restrictive covenants. d. greater reliance on debt contracts than financial intermediaries
Answer:
C) monitoring and enforcement of restrictive covenants.
Explanation:
Moral hazard can be regarded as the situation which take place when an individual get some chances whereby he/she can take advantage of a financial deal or financial situation, when he/she knows that all the risks as well as fallout will be accounted to another party. moral hazard can be reduced by strong up policies which will prevent immoral behavior as well as regular monitoring. One of the Solutions to the moral hazard problem is monitoring and enforcement of restrictive covenants.
Find an article regarding full disclosure or the treatment of accounting changes. In 250-300 words, summarize the article that you found and post that summary in the discussion forum. Post the article name in the subject line and do not post on an article that another classmate has already posted. Participate in follow-up discussion by choosing one of the articles that your classmates' posted on and providing additional comments about the findings of that article. Your initial post should be 250-500 words, and should demonstrate solid academic writing skills. Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Hi, since this is an academic writing activity, I simply provided suggestions and explanations of key terms.
Explanation:
Basically writing an essay involves consulting good written sources of information that discuss the subject. The term accounting changes disclosure basically refers to the requirement for companies to disclose
any changes to its:
accounting principle, accounting estimates, or reporting entity.Citation (reference) is a term used in reasearch to describe a source or a list of sources (published and unpublished) where information or data was consulted and used in the research work.
Back to Assignment
tudy Tools
Attempts 13
Keep the Highest 13/3
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5. Problems and Applications Q9
5
s Tips
A farmer grous wheat, which she sells to a miller for $80. The miller turns the wheat
into flour, which she sells to a baker for $120. The bakers
the heat into bread, which she sells to consumers for $140. Consumers eat the bread.
3 Tips
Assume that these transactions account for all economic activity in this economy.
GOP in this economy is 5
ra FREE 7-
Unlimited
Limited
value added is defined as the value of a producer's output minus the value of the intermediate goods that the producer buys to make the output
re
Ansuring there are no intermediate goods beyond those just described, complete the following table by calculating the value added for each of the
three producers. Then enter the total value added in the final row.
Value Added
Producer
Dollars)
Answer:
only 5 point.................
High Step Shoes had annual revenues of $192,000, expenses of $107,200, and dividends of $20,800 during the current year. The retained earnings account before closing had a balance of $304,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
Answer:
Debit Income Summary $84,800, Credit High Step Shoes, Capital $84,800
Explanation:
Preparation of what The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
Debit Income Summary $84,800
Credit High Step Shoes, Capital $84,800
($192,000-$107,200)
(To close the Income Summary account )
Stan is going to work for the next 30 years and then retire. Starting the day he retires, he would like to withdraw $90,000 per year (in monthly installments) from an investment account for a twenty-five year retirement. At the end of his retirement, he would like to leave a bequest of $100,000 to his heirs. He currently has $10,000 in his investment account for these purposes. Stan plans to save for retirement by making monthly deposits into the investment account, beginning two years from now and ending the month before he retires. The investment account pays 9 percent compounded monthly. Construct a flexible spreadsheet model to answer the following questions:
1. How much must Stan invest each month to accomplish his retirement goals?
2. If Stan's employer will contribute $0.50 for every $1.00 he invests, how much of the deposit in #1 will Stan have to contribute?
Stan is going to work for the next 30 years and then retire. Starting the day he retires, he would like to withdraw 90,000 per year (in monthly installments) from an investment account for a twenty-five year retirement. At the end of his retirement, he would like to leave a bequest of90,000peryear(inmonthlyinstallments)fromaninvestmentaccountforatwenty−fiveyearretirement.Attheendofhisretirement,hewouldliketoleaveabequestof100,000 to his heirs. He currently has $10,000 in his investment account for these purposes. Stan plans to save for retirement by making monthly deposits into the investment account, beginning two years from now and ending the month before he retires. The investment account pays 9 percent compounded monthly. Construct a flexible spreadsheet model to answer the following questions:
1. How much must Stan invest each month to accomplish his retirement goals?
2. If Stan's employer will contribute 0.50 for every0.50forevery1.00 he invests, how much of the deposit in #1 will Stan have to contribute?
SwiftyCompany is considering two capital investment proposals. Estimates regarding each project are provided below:
Project Soup Project Nuts
Initial investment $380000 $492000
Annual net income 30000 46000
Net annual cash inflow 110000 146000
Estimated useful life 5 years 6 years
Salvage value 0 0
The company requires a 10% rate of return on all new investments.
Present Value of an Annuity of 1
Periods 9% 10% 11% 12%
5 3.89 3.791 3.696 3.605
6 4.486 4.355 4.231 4.111
The cash payback period for Project Nuts is:________.
a. 4.75 years.
b. 12.67 years.
c. 3.37 years.
d. 6.23 years.
Answer:
d
Explanation:
Swifty Corporation has the following budgeted sales: January $30000, February $90000, and March $50000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are:
Answer:
Total cash collection= $62,000
Explanation:
Giving the following information:
40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month.
Sales:
January $30000
February $90000
March $50000
Cash collection March:
Sales in account February= (90,000*0.6)*0.5= 27,000
Sales in account March= (50,000*0.6)*0.5= 15,000
Sales in cash March= (50,000*0.4)= 20,000
Total cash collection= $62,000
Jill is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received stock with a value of $4,000 for her services. By the end of the year, the value of the stock had decreased to $2,000. She continued to hold the stock. Jill must recognize $4,000 of gross income from the stock for the current year.
a) true
b) false
Answer:
a) true
Explanation:
Since in the question it is mentioned that the stock is received with the value of $4,000 and at the closing of the year the stock value is decreased to $2,000
But she continue to hold the stock and record $4,000 of the gross income from the stock
So at the time of income receipt, the realizable value is $4,000
Therefore the given statement is true
Answer the two questions relating to supply and the law of supply. A shift in the supply curve can be caused by a shift in demand. a change in one of the determinants of supply. a change in the price of a good. a change in buyers' incomes. If the price of a kayak increases, sellers offer fewer kayaks for sale. the supply of kayaks increases. sellers offer more kayaks for sale. the supply of kayaks decreases.
Answer: 1. a change in one of the determinants of supply
2. sellers offer more kayaks for sale.
Explanation:
1. Supply refers to the amount of goods or services that a seller is willing to sell at a given price and time. A shift in the supply curve can be caused by a change in one of the determinants of supply. e.g. number of sellers in the market or price of input.
When there's a change in one of these factors e.g let's say there's an increase in the number of sellers of a good on the market, this will lead to a shift in the supply curve to the right as there'll be more goods to be sold.
2. When the price of kayak increases, the sellers will offer more kayaks for sale. This follows the law of supply which explains that when price increases, the quantity supplied will increase as well.
In accounting for a defined benefit pension plan:______________.
A. the expense recognized each period is equal to the cash contribution.
B. an appropriate funding pattern must be established to ensure that enough monies will be available at retirement to meet the benefits promised.
C. the employer's responsibility is simply to make a contribution each year based on the formula established in the plan.
D. the liability is determined based upon known variables that reflect future salary levels promised to employees.
Answer:
C. the employer's responsibility is simply to make a contribution each year based on the formula established in the plan.
Explanation:
A defined benefit pension plan is one that promises an employee that a particular amount of money will be paid to them on retirement. As far as they make contributions based on a formula that takes into consideration age, tenure, and earning history.
So the main responsibility of the employee is to simply make a contribution each year based on the formula established in the plan.
The benefit to be gained remains defined.
On the other hand a defined contribution plan is one that is dependent on the amount that is being contributed by the employee.
Benefits to be paid out will depend on the amount collected before retirement.
Geary Co. leased a machine to Dains Co. Assume the lease payments were made on the basis that the residual value was guaranteed and Geary gets to recognize all the profits. At the end of the lease term, before the lessee transfers the asset to the lessor, the leased asset and obligation accounts have the following balances:
Leased equipment $400,000
Less accumulated depreciation--capital lease 384,000
$ 16,000
Interest payable $ 1,520
Lease liability 14,480
$16,000
If, at the end of the lease, the fair value of the residual value is $9,800, what gain or loss should Geary record?
a. $4,680 gain
b. $8,280 loss
c. $6,200 loss
d. $9,800 gain
Answer:
c. $6,200 loss
Explanation:
Calculating the gain or loss Geary should record:
Gain or loss = Fair value of residual value - Value of leased equipment
Gain or loss = $9,800 - $16,000
Loss = $6,200
So, the loss that Geary should record is $6,200.
When reviewing the performance appraisals for the marketing department, the HR manager found what appeared to be leniency errors, as most employees received similar ratings that were above average. Going forward, raters are going to be required to use a forced distribution, as this will reduce the chance of leniency or strictness errors.
a. True
b. False
True Is the Answer dear....
It is true that raters are going to be required to use a forced distribution when reviewing the performance appraisals of marketing department by HR manager.
What is performance appraisal?This is a process of evaluating how well an employee has performed in an organization and in line with the employee's key performance indicator.
The aim of perfomace apprailsal for the organization to know whether or not an employee abide with the indicators set by the company.
Hence, It is true that raters are going to be required to use a forced distribution when reviewing the performance appraisals of marketing department by HR manager.
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Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter
Required:
1. Calculate the estimated cost of workers' compensation insurance for the year.
2. Show the journal entry for the first quarterly payment on January 2, 20.
3
a. Assume Ryan's actual payroll for the year was $89,000. Calculate the additional premium owed for 20--.
b. Assume Ryan's actual payroll for the year was $89,000. Record the adjustment needed on December 31, 20--. The actual payment of the additional insurance premium will not take place until January of the following year.
Answer:
Following are the responses to the given choice:
Explanation:
Please find the solution in the attached file.
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales
Answer:
2000000
Explanation:
because that is what is left
Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect: Group of answer choices
Answer:
4
Explanation:
1. Andy’s demand for pizza to increase
2. Andy’s demand for pizza to decrease
3. Andy’s quantity of pizza demanded to decrease
4. Andy’s demand for beer to increase
Complementary goods are goods that are consumed together. If the price of pizza decreases, the quantity demanded of pizza would increase. this is according to the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
While, the quantity demanded of beer would increase. this is because more of pizza is being consumed and both goods are complements
Several artists in Charleston, South Carolina, show and sell their work in an art gallery downtown. The gallery is owned by an art lover who does not buy the paintings but displays the work of various artists. She collects a percentage on each piece sold. In terms of the marketing channel, the gallery is Multiple Choice an ultimate consumer. a manufacturer. a wholesaler. an agent. a clearinghouse.
I applied to a university in mid October but it is June now an I haven't gotten a respond yet. is it a bad sign?
On July 1, 2019, Stacy Company signed a $140,000, one-year, 6 percent note payable. The principal and interest will be paid on June 30, 2020. How much interest expense should be reported on the income statement for the year ended December 31, 2019
Answer:
Stacy Company
The amount of interest expense that should be reported on the income statement for the year ended December 31, 2019 is:
= $4,200.
Explanation:
a) Data and Calculations:
6% Notes Payable = $140,000
Date of issuance = July 1, 2019
Interest rate per annum = 6%
Total interest expense for the one year = $8,400 ($140,000 * 6%)
Interest expense for the half-year = $4,200 ($140,000 * 6% * 1/2)
b) Therefore, the cash payment on June 30, 2020 will amount to $148,400 ($140,000 + $8,400)
Department stores have increasingly used designer boutiques to highlight specific designers to small market segments. This strategy most closely resembles that of which retail institution
Answer:
Specialty Store
Explanation:
A specialty store is a store where it keeps the high brand, style or models having the narrow category of goods and services. The products like furniture, sporting goods, bookstores are categorized as the speciality stores.
Since in the given situaton, it is mentioned that the stores increase the usage of the designer boutique for highlighting the particular designers for the small market so this represent the speciality store of that retail institution
ou plan to deposit $5,900 at the end of each of the next 20 years into an account paying 10.8 percent interest. a. How much will you have in your account if you make deposits for 20 years
Answer:
$326,622.73
Explanation:
Calculation to determine How much will you have in your account if you make deposits for 20 years
Using this formula
Future value = Annuity × {( 1 + interest rate) ^ time period - 1} ÷ interest rate
Future value = $5,900 × {( 1 + 0.097 ^ 20 years - 1} ÷ 0.097
Future value= $5,900 × 55.3597842916
Future value= $326,622.73
Therefore the amount you will have in your account if you make deposits for 20 years is $326,622.73
Please answer the question posted in the image
Answer:
its c
Explanation: