Answer:
1. A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin ratio equals:______
c. 28.0%.
2. The monetary unit assumption means that all companies doing business in the United States must express transactions and events in US dollars.
A. True
3. Paid-in capital is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock.
A. True
Explanation:
Gross profit margin is calculated by dividing the gross profit by the sales and multiplying by 100. In this case, the gross profit is $212,800 ($760,200 - $547,400). The amount, $212,800, then divided by $760,200 and multiplied by 100 to obtain approximately 28%.
The dollar is the monetary unit for all business transactions conducted in the United States. The accounting assumption behind the monetary unit means that all transactions conducted in the United STates are reported in dollars.
Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 35,000 cases of cola were sold every week at a price of $4 per case. After the tax, 30,000 cases of cola are sold every week; consumers pay $6 per case, and producers receive $3 per case (after paying the tax).
The amount of the tax on a case of cola is $__________ per case. Of this amount the burden that fails on consumer is $_________
It was found that college students fear loneliness over other worries.
O True
O False
Answer:
Explanation:
true
Tom is a family friend who has been considering options to pay down a large amount of debt. He knows that you are taking Personal Finance and Economics at your school. He asks if you would recommend filing for bankruptcy as a first option. What will you tell Tom? Type a response that: Gives Tom advise about filing for bankruptcy Uses your knowledge of bankruptcy and personal finance explain your thinking. Provides alternatives to declaring bankruptcy for Tom.
Based on the following data, determine the cost of merchandise sold for October. Merchandise Inventory, October 1 $ 98,560 Merchandise Inventory, October 31 102,330 Purchases 433,880 Purchases Returns & Allowances 12,760 Purchases Discounts 9,900 Transportation In 7,620
Answer:
$414,070
Explanation:
Calculation to determine the cost of merchandise sold for October
Merchandise inventory, october 1 $ 98,560
Add: Purchases $433,880
Add: Transportation in $7,620
Less: Purchase return and allowances $12,760
Less: Purchase discount $9,900
Less: Merchandise inventory, october 31 $102,330
Cost of merchandise sold $414,070
Therefore the cost of merchandise sold for October will be $414,070
Gabby works for an online birthday-celebration company. The company’s key business is to receive orders to send birthday cakes, cards, and flowers to people who have their birthdays on particular days. Therefore, the company obviously maintains a huge database of customers and most of their personal details. Gabby’s colleague Marcos uses some of this information to date a few female single customers. Is the behavior of Marcos appropriate per any standards? A. Yes, he was only innocuously dating the female customers. B. Yes, he is not making any business out of the information. C. No, because per the FTC regulations, all personal details of customers should be protected. D. No, because using personal information of the same gender is permissible, but not of the opposite gender.
C. No, because as per the FTC regulations, all personal details of customers should be protected.
Discuss why positive thinking is critical in starting the entrepreneurship journey
Given integer variables seedVal, smallestVal, and greatestVal, output a winning lottery ticket consisting of three random numbers in the range of smallestVal to greatestVal inclusive. End each output with a newline.
Ex: If smallestVal is 30 and greatestVal is 80, then one possible output is:
65
61
41
how do I code this in c++?
If the user does not provide a seed value, the ctime library is used to seed the random number generator with the current time. This guarantees that the random numbers we receive are distinct each time the program is run.
What is meant by Ctime Library?The Ctime library is a library in the C++ programming language that furnishes capabilities for working with time and dates. Obtaining the current time, converting between various time formats, and performing arithmetic on dates and times are all supported by this application. Time and date values can be formatted and printed in a variety of ways using the Ctime library's functions. In general, it is a useful library for C++ programmers who must work with dates and times.
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Which of the following statements accurately describes how an event will impact supply? Choose 1 answer: Choose 1 answer: (Choice A) A An increase in costs of production will cause an increase in the supply curve (Choice B) B An increase in demand will cause an increase in supply (Choice C) C An increase in price will cause supply to increase (Choice D) D A decrease in price will cause supply to increase (Choice E) E A decrease in resource costs will cause an increase in the supply curve
The statement that accurately describes how an event will impact supply is option B An increase in demand will cause an increase in supply.
What happens when supply and demand both rise?If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.
Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $140,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $40,000. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.) Cash payback periodenter the Cash payback period in years rounded to 2 decimal places years.
Answer:
3.5years
Explanation:
Computation for the cash payback period
First step is to calculate Net cash flow per year using this formula
Net cash flow per year = Cash inflow - Cash outflow
Let plug in the formula
Net cash flow per year= $80,000 - $40,000
Net cash flow per year= $40,000
Now let calculate Cash payback period using this formula
Cash payback period = Initial investment / Net cash flow per year
Let plug in the formula
Cash payback period = $140,000 / $40,000
Cash payback period= 3.5years
Therefore the Cash payback period is 3.5years
According to the condition, in Wayne Company as per the investment, the cash payback period is 3.50 years.
The payback period is the time required to recoup the cost of an investment or the amount of time required for an investor to break even.
Here,
Calculate the annual net income as follows:
Annual net income = Increase in annual revenue - increase in annual expenses
Annual net income = $80000 - $40000 = $40000
Calculate the cumulative cash flows as follows:
Years Cash flows Cumulative cash flows
0 ($140000) ($140000)
1 $40000 ($100000)
2 $40000 ($60000)
3 $40000 ($20000)
4 $40000 $20000
Calculate the cash-back period as follows:
= 3+($20000/$40000) = 3.50 years
Therefore, the cash payback period is 3.50 years.
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Match each type of insurance with an example of when the insurance
company would make a payment.
Renter's
insurance
?.
You cause an accident
that damages someone
else's car.
Liability coverage
?
You have to take a month
off from work because of
a broken leg.
Health insurance
2
Your stereo and computer
are stolen from your
apartment
Disability
insurance
?
You go to the emergency
room after a car accident.
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance provides coverage for policyholder's properties other than their dwelling place.
Liability coverage
You cause an accident that damages someone else's car. It protects against claims arising from damages to other people or their properties.
Health insurance
You go to the emergency room after a car accident. Offers insurance coverage for medical bills incurred by the policyholder or their dependents.
Disability Insurance
You have to take a month off from work because of a broken leg. Provides protection against loss of income as a result of serious bodily injuries to the policyholder.
An integrated management information system was implemented in the Celestial VIllage Continuum of Care, a 180-bed long-term care facility, owned and operated by a religious order. When Eudora Darling was recruited as manager of administrative systems, she discovered that the technology used in the administrative office was several generations obsolete and that none of the work processes or job functions had been restructured to take full advantage of information technology. Statistics were still being collected manually, and calculations were performed by handheld calculators and adding machines using information from manual entries in daily employee logs. Computer software utilities were available for database management, electronic spreadsheet and statistical functions, and publication quality reporting. However, the jobs and work processes in the department had to be analyzed and restructured before the staff could take full advantage of this technology (which has become standard in other administrative environments).
Required:
a. What issues must Ms. Darling address in achieving effective implementation of the new technology?
b. What outcomes could she reasonably expect to achieve through an effective job analysis process?
c. Should external consultants or internal staff implement this change? Explain your response.
Analyzing the case, Ms. Darling as manager of administrative systems must address the restructuring of the company, relating the lack of use of technology to the presence of a strong organizational culture.
The results it could achieve through an effective job analysis process would be to increase clarity about the role of each job and department in order to reduce burden on certain employees and optimize task delegation.
To implement this change, external consultants could be hired in order to provide an innovative, unbiased and broader view with a focus on expected results.
What is organizational culture?It is the set of habits, behaviors and values that are learned and shared in a professional environment, generating beliefs and expectations about an organization.
Therefore, implementing new technologies in an organization can generate resistance and must be implemented smoothly and shared with all employees in order to declare the benefits of change for all.
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Classifying cost behavior classify the total costs of each of the following as variable, fixed, or mixed.
a) Straight-line depreciation on a building
b) Maintenance costs at a hospital
c) Rent on a photocopy machine charged as a fixed amount per month plus an additional charge per copy.
d) Cost of goods sold in a bookstore.
e) Salaries paid to temporary instructors in a college as the number of course sessions varies.
f) Lumber used by a house construction company.
g) The costs of operating a research department
h) The cost of hiring a dance band for three hours
i) Laser printer paper for a department printer
j) Electric power in a restaurant
No matter how many units you produce or sell, fixed costs remain the same. Variable expenses are straightforwardly attached to your deals and creation.
How does the time horizon affect the cost classification into variable, fixed, and mixed categories?There will be both variable and fixed costs in a shorter time horizon. All costs change over a longer time frame. Over the long haul, all expenses are variable. At least one cost is set in stone for the short term.
a. straight-line building depreciation: fixed .
b . Hospital maintenance costs: mixed .
c.rent for a photocopier, which is a fixed monthly amount plus an additional fee for each copy: mixed .
d. cost of merchandise sold in a book shop : a variable
e. salaries paid to temporary instructors at a college when there are different numbers of course sessions: step .
f. a house construction company uses the following lumber: a variable
g . the operating expenses of a research department: mixed .
h. how much it would cost to hire a dance band for three hours: fixed .
i. paper for a laser printer that is used in a department: a variable
j. restaurant electric power: mixed .
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Project: Creating an Investment Portfolio
Do you want to own a home some day? Would you like to enjoy your retirement and go on vacations to some of those beautiful destinations advertised on television? Do you sometimes wonder how you are ever going to accomplish these things on your salary?
The good thing is that it is never too late to start saving, and time is on your side if you start now and follow through. It takes financial planning, execution of the plan, and some discipline. Once you develop your plan and set your goals, you'll need to execute that plan, and stick to it.
An investment portfolio is a collection of assets held for investment purposes by an individual or a company. It includes different asset classes such as stocks, bonds, CDs, and, in some cases, real estate. The amount allocated to each asset class is called asset allocation, which is usually referred to in percentages. The economy and market conditions are always changing, so it is not enough to just build an investment portfolio. You have to monitor the portfolio for its reaction to the economy and social events and periodically make adjustments to assets in your portfolio. Some of the factors that impact an investment portfolio are interest rates, the performance, or lack thereof, of the assets in your portfolio, this list goes on. The key is to keep an eye on it to make sure it is doing what you intended it to do. However, don't try to change your asset portfolio every time the market changes, as that will likely result in losses. The best strategy is to assess your portfolio annually, and only then make any necessary changes.
investment portfolio
OBJECTIVES
Create an investment portfolio to meet short-term and long-term financial objectives.
VOCABULARY
asset allocation the mix or combination of assets such as stocks, bonds, CDs, and money-market accounts
investment portfolio collection of investments owned by an individual or entity
If one of Jane’s goals is to build an emergency fund, how many months’ salary should she reserve for this fund and why? Where should the emergency fund be invested and why? Explain your answers using complete sentences.
To help her with her short-term goals, Jane can consider depositing a portion of her inheritance in a money market fund or a high-yield savings account. To assist Jane reach her long-term goals, the majority of her inheritance may be invested in a well-diversified portfolio of stocks and bonds.
If Jane wants to create an emergency fund, she should try to save enough money to cover her living needs for three to six months. This is a typical amount that is advised for unforeseen circumstances like job loss, medical emergency, or auto repairs. Jane needs to keep a close eye on her long term and short-term investments and rebalance her portfolio as necessary. Also, she should think about how her assets will affect her taxes and make every effort to reduce expenses. A safe, liquid account, such as a money market fund or a high-yield savings account, should be used to hold the emergency fund. These accounts provide faster access to money in an emergency and higher interest rates than typical savings accounts.
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Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?
The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %
The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %
How to find the arithmetic mean?The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.
The arithmetic mean to Regina stock in the five year period was therefore:
= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5
= 58 % / 5
= 11. 6 %
Using this mean, the variance can be found on a spreadsheet to be 320.3.
The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:
= √ Variance
= √ 320.3
= 17.89
= 17.9 %
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Compared to the recommended percentages that should be allocated to transportation, 18% is _____.
A.too low
B.in the middle
C.the max
D.too high
Compared to the recommended percentages that should be allocated to transportation, 18% is too low. The correct option is A.
What is allocation in work?Allocation targets are logical groupings of users or work queues that can be assigned tasks and notifications. This enables the workflow administrator to assign tasks and notifications to a diverse group of users within the organization.
The freight expenditure incurred by the consumer to have purchased goods delivered is known as transportation-in. Costs such as freight insurance and customs duties can be included in this category.
Thus, the ideal selection is option A.
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Pra tice
Jordan makes $8.50 per hour. Last week he
worked 55 hours. How much money did he
make?
Answer:
$467.50
Explanation:
Jordan makes $8.50 per hour. Last week he worked 55 hours. How much money did he make?
8.50 * 55 = $467.50
List three advantages of buying an existing business
A couple is considering what project they should do next to improve the value of their house. Based on the table above, which of the following projects should they pick?
A. Modernize electrical outlets.
B. Enclose back porch
C. Landscape front yard
D. Replace carpet with hardwood floors.
E. Renovate kitchen
Answer:
B. Enclose back porch
Explanation:
To protect consumers, the SEC requires brokers and dealers to_____
information about securities.
In order to protect the consumers, the security and exchange commission requires brokers and dealers to reveal the information about the security.
What are brokers?Broker is the person who deals with the property matters of the person, and he is the one who is responsible to sell the goods and services of the person.
The Securities and Exchange Commission requires brokers and dealers to offer security information to consumers in order to protect them. Therefore, it can be concluded that it is significant to reveal the information to the dealers about the assets.
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Answer:
reveal
Explanation:
EDGE
What is globalization?
Globalization is the increase in the flow of goods, services, capital, people, and ideas across international borders. Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of economic activity among nations, expanding trade, opening global supply chains and providing access to natural resources and labor markets.
Answer: Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.
Hope this helps, Enjoy your evening!
Which of the following is true about Likert Scale?
Select one:
a. Respondents indicate how strongly they agree or disagree with a statement
b. The scale doesn't reveal respondent's attitude
c. Scores are not assigned to possible responses
d. The scale doesn't need a pretest for an item analysis
Answer:
A
Explanation:
The Likert Scale is a 5 -point psychometric scale used in questionnaire.
The scale was invented by Rensis Likert
The 5 points are :
Strongly agreeagreeundecideddisagree strongly disagreeAdvantages of the Likert scale
it gives respondents more options instead of yes or nomore options make it more easy to analyse dataDisadvantages of the Likert scale
respondents can lie on the questionnaireAnswer:
a. Respondents indicate how strongly they agree or disagree with a statement
Explanation:
A likert scale is used to determine people's attitude towards a particular topic. It uses scores on the scale to evaluate how strongly a person agrees with a particular subject matter.
The scale is from 1 to 5.
1 - strongly disagree
2 - disagree
3 - neutral
4 - agree
5 - strongly agree
This type of scale is used for website surveys, customer surveys, and so on to gauge perceptions, feelings and insights of the target population
Do you think this was an effective strategy for Pepsi? Do you think this resonated with the Millennial generation?
The campaign significantly increased their positive sentiments and brand equity in the digital domain. Sales for the brand, however, kept declining. Despite the fact that Pepsi may have attracted some new customers as a result of recent publicity, the company's sales continued to decline year over year.
What is brand equity?A brand's value is referred to by the marketing phrase "brand equity." The way consumers perceive and interact with a brand influences its value. A brand has good brand equity if consumers are fond of it. In marketing, brand equity refers to a brand's intrinsic value, or the perceived social value of a well-known brand name. Due to consumers' perceptions that products from well-known brands are superior to those from lesser-known brands, the owner of a well-known brand name can make more money just by virtue of brand recognition.
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Morgan is 65 years old and single. He supports his father, who is 90 years old, blind, and has no income. What is Arthur's standard deduction
Answer:
The standard deduction for 2020 for a head of household is $18,650. But if the filer is 65 years old or older, then he/she receives an additional $1,650. Morgan's total standard deduction is $20,300.
Explanation:
Morgan can claim his father as a dependent, and therefore, qualify as head of household.
Arthur's standard deduction will be :
Additional sum of money will be added to Arthur's standard deduction.
Arthur's standard deduction will be the Additional sum of money will be added to Arthur's standard deduction.The taxable income of any taxpayer gets an additional amount added to the tax money that reduces the amount, this is called as the standard deduction. For any taxpayers whose age is 65 or even older can acquire the benefit of additional amount that gets added to their standard deduction.Learn more :
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1. Think about a business idea (sector)
2. Create a budget and a cash flow statement for that business
3. Highlight the investment appraisal technics to determine if such a business is viable or not.
4. Indicate the source of funding and if it's a loan create an amortisation schedule.
5. Try to convince someone to invest in your project with convincing evidences.
I would like to start a business in the renewable energy sector. Specifically, I would like to develop and install solar panels on homes and businesses.
How to explain the businessThe initial investment for this business would be $100,000. This money would be used to purchase solar panels, hire installation crews, and market the business.
I would use the following investment appraisal techniques to determine if this business is viable:
Net present value (NPV): Internal rate of return (IRR):Payback period:The source of funding for this business would be a combination of personal savings, loans, and grants. I would use my personal savings to cover the initial costs of the business.
If I were to take out a loan to finance the business, I would create an amortisation schedule to show how the loan would be repaid over time. The amortisation schedule would show the amount of the loan that would be repaid each year, as well as the interest that would be paid on the loan.
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Problem 5-1 Health Savings Accounts (LO 5.1) Evan participates in an HSA carrying family coverage for himself, his spouse, and two children. In 2020, Evan has $200 per month deducted from his paycheck and contributed to the HSA. In addition, Evan makes a one-time contribution of $2,000 on April 15, 2021 when he files his tax return. Evan also receives a 2020 Form 1099-SA that reports distributions to Evan of $3,200 which Evan used for medical expenses. Compute the effect of the HSA transactions on Evan's adjusted gross income. These transactions Evan's AGI by $fill in the blank 2
Answer:
Following are the solution to the given points:
Explanation:
In step 1:
For himself, his partner, and two young children, Evan has an interest in HSA conveying a family integration program.
Evan removed and added $100 per month from his check-in 2019. in 2019.
On April 15th, 2020 when he files the returns, Evan makes a one-time pledge of $2000.
In step 2:
The modified gross revenue of Evan shall be lowered by $3200 in HSA transactions.
Working:
\(\to (100 \times 12)+2000 \\\\\to 1200+2000\\\\\to 3200\)
Mr.and Mrs.Hawell want to file thier income tax return together. Which filling status should they use?
Answer:
married
Explanation:
dont really have one
Answer:
I took that test, the examples to choose from are:
1.)Head of House Hold
2.) Married Filing Jointly
3.) Married Filing Separately
And I know that Answer is:
2.) Married Filing Jointly
Explanation:
Married filing jointly alludes to a filing status for married couples that have marry before the finish of the assessment year. When documenting under wedded documenting mutually status, couples can record their individual earnings, exceptions and derivations on a similar assessment form. Married filing jointly is ideal if just a single life partner has a critical salary.
Does anyone know how to do this worksheet? I’m very confused.
Answer: Look up the definitions.
Explanation:
I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.
Also, does anyone have an answer to Why did the history of digital animation begin in 1946?
this is my Halloween costume
Answer:
Crankyyyy um. lolipop
Explanation:
u Look
these institutions are popular with those who have poor credit ratings, but offer only high interest rates whose maximums are state-regulated.
Answer:
Consumer Finance Companies
Explanation:
Consumer finance companies are also referred to as small loan companies. Their borrowers typically have trouble getting loans elsewhere due to poor credit ratings and are greater risks than many other borrowers. As such, borrowers are subject to higher interest rates. To prevent these companies from taking unfair advantage of their customers, state governments set interest-rate caps on how much they can charge. Loans are usually $5,000 or less.
Trait-based evaluations are useful for understanding employees, but they do not
allow organizations to predict or review an employee's
Trait-primarily evaluations critiques are useful for understanding employees, but they do now not allow agencies to predict or assess a worker's: Seniority.
Evaluation is a scientific determination and evaluation of a subject's benefit, worth and significance, the use of criteria ruled by means of hard and fast standards. evaluation offers a scientific method to observe an application, practice, intervention, or initiative to understand how nicely it achieves its desires. critiques assist determine what works well and what could be advanced in software or initiative.
To evaluate is described as deciding the cost or really worth of someone or something. An example of assessment is whilst a teacher reviews a paper with the purpose to supply it with a grade. (math.)it's far had to make certain whether or not goals and dreams being hooked up are carried out or no longer. it's far needed to ensure that company is adapting to new environments, converting generation, and even adjustments in other outside variables which will correctly utilize are had sources.
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