Answer: B
Explanation:
C. Online bill payment is a service that allows consumers to set up recurring payments for their bills.
How is this service used?Through this service, individuals can schedule automatic payments for various bills, such as utilities, credit cards, loans, and more. It provides convenience, saving time and effort, as consumers don't need to manually initiate each payment.
Online bill payment typically involves securely linking a bank account or credit card to the service, ensuring timely and efficient bill settlement. It's a popular feature offered by banks and financial institutions, enhancing the ease of managing regular expenses for users.
Option C is correct.
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Ware Manufacturing Company produced 2,000 units of inventory in January 2018. It expects to produce an additional 14,000 units during the remaining 11 months of the year. In other words, total production for 2018 is estimated to be 16,000 units. Direct materials and direct labor costs are $64 and $52 per unit, respectively. Ware expects to incur the following manufacturing overhead costs during the 2018 accounting period:
Production supplies $ 20,000
Supervisor salary 160,000
Depreciation on equipment 75,000
Utilities 20,000
Rental fee on manufacturing facilities 45,000
Required
a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units
b. Determine the cost of the 2,000 units of product made in January Complete this question by entering your answers in the tabs below.
Required A Required B
Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units Predetermined overhead rate per unit < Required A Required B >
Answer:
Total production cost= $266,380
Explanation:
First, we need to calculate the total estimated overhead costs:
total estimated overhead costs= 20,000 + 160,000 + 75,000 + 20,000
total estimated overhead costs= $275,000
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 275,000 / 16,000
Predetermined manufacturing overhead rate= $17.19 per unit
Finally, we can calculate the total production cost of the 2,000 units made in January:
Total production cost= total unitary cost*number of units
Total production cost= (64 + 52 + 17.19) * 2,000
Total production cost= $266,380
2 years is $24,234. Determine the present value amount, using the following partial table of present value of $1 at compound interest
The present value amount, given the principal and the partial table of the present value, will be $20,017.28
How to find the present value amount?The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.
The interest rate here is 10% and the amount in 2 years is $24, 234.
Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.
The present value of $24, 234 from two years in the future, in the present is:
= Future value amount x Present value factor for 2 years, 10 %
= 24, 234 x 0.826
= $20, 017.28
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Josh buys an $8000 10-year bond that has a coupon rate of 4.5 %. If he keeps the bond to maturity, how much interest will he collect?
Josh will collect $3600 in interest if he keeps the $8000 10-year bond with a 4.5% coupon rate to maturity.
To calculate the interest that Josh will collect from the 10-year bond with an $8000 face value and a coupon rate of 4.5%, we need to consider the annual interest payment and the total number of interest payments over the bond's lifespan.
The annual interest payment can be calculated by multiplying the face value of the bond ($8000) by the coupon rate (4.5%). This gives us an annual interest payment of $360 (8000 * 0.045).
Since the bond has a 10-year maturity, there will be a total of 10 interest payments over its lifespan. Therefore, the total interest Josh will collect can be calculated by multiplying the annual interest payment ($360) by the number of interest payments (10).
Total interest = Annual interest payment * Number of interest payments
Total interest = $360 * 10
Total interest = $3600
Therefore, if Josh keeps the bond to maturity, he will collect a total of $3600 in interest over the 10-year period.
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What is a personal income tax
Answer:
Personal income tax is generally computed as the product of a tax rate times taxable income
Explanation:
Answer:
a personal income tax is a tax imposed on individuals or entities that varies with respective income or profits .
Explanation:
Income that people get from wage or salaries, your social security and other governmental benefits.
Assume a hypothetical consumer good X and good Y. the price of good X is 1 and price of good Y is 3 and the consumer budget is birr 10 for the two goods. where: Qx is quantity of good X, Qy is quantity of good Y and TUx and TUy is total Utility from consuming good X and Good Y respectively
Qx. TUx. Qy TUy
0. 0. 0. 0
1. 10 1. 24
2. 19. 2. 45
3. 27 3. 63
4. 34. 4. 78
5. 40. 5. 87
6. 44. 6. 90
A. Determine the quantities of the two goods that the consumer should buy in order to maximize his total utility
To maximize total utility, the consumer should buy 4 units of good X and 5 units of good Y.
To determine the quantities of goods X and Y that would maximize the consumer's total utility, we need to consider the principle of marginal utility. Marginal utility is the additional utility gained from consuming one additional unit of a good.
In this case, we can observe the changes in total utility as the quantities of goods X and Y increase. Looking at the given table, we can see that the marginal utility of good X starts at 10 (from consuming the first unit) and gradually decreases, while the marginal utility of good Y starts at 24 and also decreases but at a slower rate.
To maximize total utility, the consumer should allocate their budget in such a way that the marginal utility per birr spent on each good is equal. This implies that the consumer should keep buying more of a good until the marginal utility per birr spent on it equals the marginal utility per birr spent on the other good.
From the given data, we can observe that the marginal utility per birr spent on good X is highest in the beginning but decreases faster compared to good Y. On the other hand, the marginal utility per birr spent on good Y is lower initially but decreases at a slower rate. Therefore, the consumer should allocate more of their budget towards good X in the beginning and gradually shift towards purchasing more of good Y as its marginal utility decreases at a slower pace.
Based on the table, it appears that the consumer's total utility is maximized when they buy 4 units of good X and 5 units of good Y. At this point, the marginal utility per birr spent on both goods becomes relatively equal (8 for both goods). Further increasing the quantities would result in a decrease in marginal utility per birr spent.
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Task 1: Your Financial Services Career
Choose a career in the financial services industry and identify the required (or optional) certification/licenses for the career option you chose.
Task 2: Certification Process Describe the process of attaining your certification.
Task 3: Take a Practice Test
Find a website that offers a practice test for your chosen certification and take the practice test. Describe the results.
For Task 1, I have chosen to discuss the career of a Financial Advisor. To become a Financial Advisor, there are several required and optional certifications/licenses that can help advance your career and increase your credibility with clients.
For Task 2, the process of attaining a certification can vary depending on the specific certification/license. However, in general, the process typically involves completing educational requirements, passing an exam, and completing ongoing continuing education to maintain the certification.
For Task 3, I found a website that offers a practice test for the CFP certification. After taking the practice test, I found that there were areas where I need to improve my knowledge and understanding.
The most common required certification is the Series 7 license, which allows an individual to sell securities such as stocks, bonds, and mutual funds. Additionally, a Series 66 license is often required, which covers state securities regulations and ethical practices. Optional certifications include the Certified Financial Planner (CFP) designation, which requires a bachelor's degree, passing an exam, and completing ongoing education requirements.
Another optional certification is the Chartered Financial Analyst (CFA) designation, which requires passing a series of three exams and obtaining relevant work experience. For example, to obtain a Series 7 license, an individual must first be sponsored by a FINRA registered broker-dealer and complete a training program. Then, they must pass the Series 7 exam, which covers a broad range of financial topics.
Continuing education is required to maintain the license, with a focus on updates and changes in securities regulations and ethical practices. It was a helpful exercise in identifying my strengths and weaknesses and where I need to focus my study efforts. The practice test was a useful tool to assess my readiness for the actual exam and helped me gain a better understanding of the level of knowledge and skills required to become a Certified Financial Planner.
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If money income increases, which of the following is likely to happen (ceteris paribus)?
A.) Qd increases
B.) Demand for substitute goods increases
C.) Demand for inferior goods increases
D.) Demand for normal goods increases
An increase in money income increases will therefore cause Demand for normal goods increases
That is to say, For a normal economic goods, an increase or rise in income will make consumers demand and buy a greater quantity of goods.
For better understanding, lets explain the income effect
Income effect is simply known as that change that occurs in consuming of a commodity due to an increase in purchasing power, with relative prices stay fixed.In normal good, an increase in demand of goods as a result of an increase or a rise in consumers' income. That is when waged increases, the demand for normal goods increases and vice versa.From the above, we can therefore say that the answer An increase in money income increases will therefore cause Demand for normal goods increases
That is to say, For a normal economic goods, an increase or rise in income will make consumers demand and buy a greater quantity of goods, is correct
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More than are located in Georgia. production companies A notable film school in filmmakers and hosts an annual film festival. educates future Also, the West Georgia Technical College in produces several TV series. Georgia State University has the largest film- production program
CMII-sponsored workforce research helped convince state legislators to establish the Georgia Film Academy, which only a small number of Georgia State students participate in each year.
The University System of Georgia's largest and oldest film program is offered at Georgia State University. Nearly every local studio employs former students of Georgia State. Students at Georgia State have a variety of methods to interact with the film and television production sector.
Some kids figure out how to get jobs as extras in films. The experience is entertaining and a great introduction to the reality of working on a sound stage, while it is not very beneficial as job training.
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What do you know about productivity?
Answer:
The classic productivity definition is “a way to measure efficiency.” In an economic context, productivity is how to measure the output that comes from units of input. Tony Robbins' approach to productivity focuses on ways people can systematize and better manage their lives so they have more time to do what they want.
Answer:
productivity
Explanation:
productivity is the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.
im not very productive but im kinda productive today
Julia knows that investing in just one company is risky since there’s a chance that the stocks value could decrease. What are some ways she can minimize her risk?
In a case whereby Julia knows that investing in just one company is risky since there a chance that the stock's value could decrease some ways she can minimize her risk are to;
he Have a diversified portfolio of investments. Know t investment goals and Keep a close eye on your investments.What is the essence of Minimizing risk?When we want to Minimize risk , it implies that we want to reduce the likelihood of facing liability claims and in doing this we will be able to maintain reasonable premium prices.
Hence , when the organization understand as well as control risks it will bring more confidence and help in making decision with respect to right business decisions.
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Perfectly competitive firms will: increase output up to the point that the marginal revenue of an additional unit of output is equal to the marginal cost. increase output up to the point that the marginal revenue of an additional unit of output is greater than the marginal cost. always attempt to minimize average variable cost. maximize total revenue by using the marginal decision rule.
Answer:
increase output up to the point that the marginal revenue of an additional unit of output is equal to the marginal cost.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
Perfectly competitive firms always strive to maximize profits by increasing their level of output, such that P = MC.
In a nutshell, in the long run equilibrium P = MR = MC.
Where;
P is the profit.
MR is the marginal revenue.
MC is the marginal cost.
which one of the following institutions is the least regulated? banks, credit unions, savings association, saving banks or finance companies.
Savings banks and finance companies are the least regulated among these institutions as they are not subject to the same regulations that banks and credit unions are.
The Regulation of Savings Banks and Finance Companies: A Comparison to Banks and Credit UnionsSavings Banks and Finance Companies are the least regulated among these institutions as they are not subject to the same stringent regulations that banks and credit unions are. This is due to the fact that savings banks and finance companies are only required to adhere to the regulations of the state in which they are operating, unlike banks and credit unions, which must comply with the regulations of both the state and the federal government.
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A major purpose of a cost accounting system is to _____
Answer:
Explanation:
The main objective of cost accounting are ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making process.
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On an average day, DDL Enterprises writes checks totaling $1,500. These checks take an average of 5 days to clear. On an average day, DDL receives checks totaling $1,700 which take 4 days to clear. The cost of debt is 7.5 percent. What is the firm's disbursement floa
If on an average day, DDL Enterprises writes checks totaling $1,500. These checks take an average of 5 days to clear. The firm's disbursement float is $7500.
Disbursement FloatUsing this formula
Disbursement Float=Average daily checks written×Average time for written checks to clear
Where:
Average daily checks written $1,500
Average time for written checks to clear5
Let plug in the formula
Disbursement Float=$1500×5
Disbursement Float=$7,500
Therefore If on an average day, DDL Enterprises writes checks totaling $1,500. These checks take an average of 5 days to clear. The firm's disbursement float is $7500.
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In a market economy with perfect competition, sellers
Answer:
There are a large number of buyers and sellers in a perfectly competitive market. The sellers are small firms, instead of large corporations capable of controlling prices through supply adjustments. They sell products with minimal differences in capabilities, features, and pricing.
What quality does an organizational structure reflect? the demographics of the organization how large an organization is the gross income of an organization when an organization was established
Answer: How large and organization is.
Explanation:
“An organizational structure, or how a group arranges itself and communicates within, reflects what the organization wants to accomplish, how large it is, type of industry, and what types of products or services it delivers among other things.
An organizational structure reflects how large the organization is.
This factor, which affects an organizational structure, is known as the size factor. Other factors include:
Strategy, which the organization has chosen in order to pursue and achieve its goals. Business environment, leading it to develop mechanistic or organic systems.
Thus, an organization's structure will always reflect the size of the organization.
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How are society and culture related?
1.While culture, as the collection of beliefs and values of a group of people, strongly affects society, a particular society does not have any kind of impact on its
culture.
2.Both society and culture are important to groups of people, but they are entirely
separate from one another.
3.A society is a group of people who live in the same area and share a culture, and
culture is made up of elements, such as language, that tie the society together.
4.A culture is a group of people who live together, and a society is the values,
beliefs, and behaviors that they all share.
As both entail a community of people residing in one place, society and culture are intimately intertwined. While culture refers to the ideas, values, and standards that influence a society's behaviour, society is the collective behaviour of a collection of people.
Language, religion, and customs are examples of cultural components that bind a community together and give it a feeling of identity.
A society's values and beliefs shape how its members interact with one another and the outside world, therefore a society's culture also has an impact on it. Although culture and society are two separate yet linked concepts.
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1. Determine the estimated cost of the inventory of Celebrity Tan Co. on August 31 by the retail method, presenting details of the computations. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
to retail price:
2a. Estimate the cost of the inventory of Ranchworks Co. on November 30 by the gross profit method, presenting details of the computations. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
3. Assume that Ranchworks Co. took a physical inventory on November 30 and discovered that $369,750 of inventory was on hand. What was the estimated loss of inventory due to theft or damage during March through November?
1)We require the following details in order to calculate Celebrity Tan Co.'s expected cost of inventory on August 31 using the retail method:Beginning retail inventory is the value of the stock as of August 1.Retail net sales: total sales throughout the time.The proportion relating inventory costs to selling prices is known as the cost-to-retail ratio.
2) Using the gross profit approach, we require the following details to calculate Ranchworks Co.'s inventory cost on November 30:Start of inventory: Inventory's worth as of November 1st.Total period sales, or net sales. Gross profit ratio: The proportion of gross profit to net sales.
3)The following information is required in order to estimate the loss of inventory from theft or damage from March through November: the value of stock as of March 1 is the starting inventory. Inventory acquired throughout the time, totaled as purchases.Cost of goods sold: The cost of the inventory that was sold during the time period. Inventory value as of November 30th, referred to as the ending inventory.
The items and supplies that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory (in American English) or stock.
The main focus of the discipline of inventory management is determining the location and form of stored products.
stock Prior to the regular and scheduled course of production and material stock
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The purpose of the cash flow statement is to
Answer:
The cash flow statement makes adjustments to the information recorded on your income statement, so you see your net cash flow—the precise amount of cash you have on hand for that time period. For example, depreciation is recorded as a monthly expense
Explanation:
Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is constantly moving into and out of a business. For example, when a retailer purchases inventory, money flows out of the business toward its suppliers.
In the best-selling book, Good to Great, the author examined the characteristics of eleven successful companies by studying the full context of each organization, using multiple sources of information and identifying the relationship between managerial decisions and success. This is an example of a(n) _______.
Human rights in the workplace (Only FIVE human rights)
Answer:
The 5 human rights in the workplace consist of -
1. Right to not be discriminated against on the basis of race, color, ethnicity, religion, sex, sexual orientation, gender identity, age, or medical history
2. Right to equal pay for equal work
3. Right to receive accommodations due to medical reasons or religion
4. Right to confidentiality of genetic or medical info that was shared with employer
5. Right to report discrimination without being reprimanded
Wally's Party Warehouse provides wholesale party equipment and materials to Party Shops. In 2019, Wally's Party sold 30 bounce houses at $30,000 each. The bounce houses carry a 3-year warranty for defects. Wally estimates that repair costs will average 2% of the total selling price. The estimated warranty liability at the beginning of the year was $26,000. Claims of $19,000 were actually incurred during the year to honor warranties.
What was the balance in the Warranty Liability account at the end of the year?
Answer:
he is probably a b!tsh for wasting money and I hope he is poor now
Explanation:
Should Stringtown focus on job fit or organization fit?
which of the following acts by congress is most closely related to ensuring consumers are given the right to be informed?
The truth in the lending act (Consumer Protection Credit Act) by congress is most closely related to ensuring consumers are given the right to be informed.
What is Consumer Protection Credit Act?
A federal law known as the Consumer Credit Protection Act of 1968 (CCPA) established consumer protections against banks, credit card firms, and other lenders. Since its establishment in 1968, the act has dramatically increased the transparency rules that must be adhered to by consumer lenders and auto leasing companies. The CCPA mandates that the whole cost of a loan or credit instrument, including the method used to compute interest and any associated fees, be disclosed. Also, it forbids deceptive advertising tactics and prejudice when deciding whether to approve a loan application.
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In early January, Burger Mania acquired 100% of the common stock of the Crispy Taco restaurant chain. The purchase price allocation included the following items: $7 million, patent; $5 million, trademark considered to have an indefinite useful life; and $9 million, goodwill. Burger Mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life.
Required:
What is the total amount of amortization expense that would appear in Burger Mania's income statement for the first year ended December 31 related to these items?
Answer:
$1,400,000 per year
Explanation:
DATA
Patent = 7 million with 5years useful life
Trademark = 5 million with an indefinite life
Goodwill = 9million
Amortization =?
Solution
Amortization of patent = Patent Value/ Useful life
Amortization of patent = $7,000,000/5
Amortization of patent = $1,400,000 per year
NOTE: Trademark and goodwill will not be amortized as they have an indefinite useful life. Both Intangible assets will be tested for impairment instead.
c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)
A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.
How is this so?Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.
Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).
Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?
When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.
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1. What important financial elements need to be considered in the process of planning for starting a family and managing finances thereafter?
2. What is your groundbreaking idea for how an online bank can serve their guests and/or customers throughout this process?
i. We are open to ideas that serve guests (non-customers) and/or customers. For context, think about how a streaming service offers free viewing or listening, but advanced features for paying customers.
ii.Feel free to get creative here. The resource could be anything from a digital solution such as an app/website to a physical representative, paper resources, online or in-person courses, etc.
iii. Be as specific as possible. What features will be included in your solution to make it an effective resource? (Ex. Weekly check-ins, progress tracker, etc.)
3. (Optional) If you feel it would strengthen your submission, attach an artistic rendering (sketch, mockup, wireframe, etc.) showing how your idea works and the most important features that a customer would use.
What will most likely cause a lender to deny credit?
OA short credit history with high balances
O Possession of two credit cards
OA small amount of debt owed
OA historic credit score of 300
Answer:
A historic credit score of 300
Explanation:
A credit score is a numeric record that expresses the reliability of a borrower to repay loans. The credit score or credit rating is determined by, among other things, credit history, income level, and the individual's income to debt ratio.
Credit scores range between 300 and 850. 300 is the lowest and the poorest score. A score of 300 indicates that the borrower has a bad history of debt repayment. They are always late on repayments, miss on installments, or have defaulted on loans. Lenders consider such persons as high-risk borrowers and are likely to deny them credit facilities.
Efficient Market Hypothesis
Answer:
The Efficient Markets Hypothesis (EMH) is an investment theory primarily derived from concepts attributed to Eugene Fama’s research as detailed in his 1970 book, “Efficient Capital Markets: A Review of Theory and Empirical Work.” Fama put forth the basic idea that it is virtually impossible to consistently “beat the market” – to make investment returns that outperform the overall market average as reflected by major stock indexes such as the S&P 500 Index.
are the core processes that make up the value
Stream Examples include purchasing, production and/or service, marketing
and sales. Drag the correct answer to the box
Operational processes
Usper-management processes
Supporting processes
Submit answer
Answer:
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
Explanation:
There are many types of processes in an organisation few of them are given in the question and the answers to them are provided.
The correct answers are given as follows
The correct answer is provided after the type of process
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales