The real interest rate for the savings account, after accounting for inflation, is 0%. This means that the purchasing power of the funds in the savings account will remain unchanged over time.
The real interest rate can be calculated by subtracting the inflation rate from the nominal interest rate. In this case:
Real Interest Rate = Nominal Interest Rate - Inflation Rate
Given that the nominal interest rate is 1% and the rate of inflation is also 1%, we have:
Real Interest Rate = 1% - 1%
Real Interest Rate = 0%
Therefore, the real interest rate for the savings account, after accounting for inflation, is 0%. This means that the purchasing power of the funds in the savings account will remain unchanged over time.
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your insured advises you they wish to have liability coverage for the use of any auto. which symbol do you use for this blanket coverage?
"Any auto" is the first symbol. The automobile need not be reported, and the date of purchase does not matter. The liability claim is covered by symbol 1.
"Any auto" (owned, borrowed, rented, or hired) is covered by Symbol 1 for liability.
What is the 7 symbol?
"Symbol 7" coverage is the most frequently purchased type of business auto insurance. Symbol 7 coverage covers any listed or "scheduled" vehicles on your policy. It is similar to personal auto insurance.
Is physical damage included in symbol 1?
1 symbol: This is the broadest kind of coverage for physical damage, and it covers any car you use for business. 2nd symbol: refers to coverage for your personal passenger vehicles that you own and use for your business.
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A Interest rate premiums 1 2 3 5-year Treasury yield (T5) 4 10-year Treasury yield (T10) 5 10-year Corporate yield (C10) 6 Inflation Premium over 10 years (IP10) 7 Maturity Risk Premium (MRP) 8 9 DRP Treasury LP Treasury DRPC5+ LPc5 = DRPC10 + LPC10 10 11 12 Real risk-free rate, r* 13 14 Inflation premium over 5 years (IP5) 15 16 DRP10 + LP 10 17 18 5-year Corporate yield (C5) B 4.25% 6.25% 9.90% 3.15% 0.00% 0.00% 0.00% C D Formulas #N/A #N/A #N/A #N/A
Interest rate premiums are payments made to lenders to compensate for the risk associated with lending to potentially defaulting borrowers. They include the risk-free rate of interest, default risk premium, maturity risk premium, and liquidity premium. The risk-free rate accounts for the interest rate on a secure investment.
Default risk premium reflects the additional compensation for the likelihood of default.
Maturity risk premium compensates for longer maturity periods compared to shorter ones.
Liquidity premium considers the ease of buying or selling an investment. Inflation premiums, on the other hand, provide compensation to investors for anticipated increases in prices.
It consists of the expected inflation rate and an additional amount for inflation risk.
Treasury yields represent the interest rates the US government pays on its debt, which are influenced by factors like supply and demand, economic growth, and inflation expectations.
The formulas mentioned help calculate these premiums and rates.
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there are two main categories of evaluation questions. one type helps you make improvements. what does the other type help you do?
The other type of evaluation questions helps you assess the effectiveness or outcomes of a program or intervention.
Evaluation questions can be broadly categorized into two types: formative and summative. While formative evaluation questions focus on making improvements and refining a program, summative evaluation questions are aimed at assessing the overall effectiveness and outcomes of a program or intervention.
Formative evaluation questions guide the process of program development and implementation. They help identify areas for improvement, gather feedback, and make necessary adjustments during the program's implementation phase. These questions focus on understanding what is working well, what needs improvement, and how to enhance the program to achieve better results. By addressing formative evaluation questions, organizations can iteratively refine their programs to ensure they meet their goals and objectives.
On the other hand, summative evaluation questions assess the impact and outcomes of a program or intervention. They aim to determine the overall effectiveness, success, and impact of the program. Summative evaluation questions often involve measuring outcomes, such as changes in knowledge, behavior, or quality of life, and assessing whether the program has achieved its intended goals. The answers to these questions provide valuable insights into the program's overall effectiveness and inform future decision-making and resource allocation.
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The second main category of evaluation questions, besides those aiding in making improvements, is intended to assess understanding and mastery. This includes Review Questions, which test basic knowledge and recall, and Critical Thinking Questions, which require application and analysis of learned information.
Explanation:There are indeed two main categories of evaluation questions. One type, as you mentioned, aids in making improvements. The other type, however, is intended to assess overall understanding and mastery of the subject matter. This category of evaluation questions often includes Review Questions and Critical Thinking Questions.
Review Questions are simple recall questions that test a student's ability to remember and reproduce content that has been explicitly taught. They provide an opportunity for students to demonstrate their basic knowledge of a topic, and the answers to these questions can be directly referenced in the teaching materials.
On the other hand, Critical Thinking Questions are higher-level questions that require students to apply, analyze, and synthesize the information they have learned in different contexts. These questions go beyond simple recall and challenge students to engage with the material on a deeper level, demonstrating their comprehensive understanding of the topics covered.
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Question 9 of 10
If a new source of lumber is found, what is likely to happen to the price of
lumber, and why?
A. The price is likely to increase because demand will increase.
B. The price is likely to increase because costs of production will
increase
C. The price is likely to decrease because demand will decrease.
O D. The price is likely to decrease because supply has increased.
SUBMIT
Answer:
O D. The price is likely to decrease because supply has increased.
SUBMIT
Explanation:
A new source of lumber will result in an increase in the quantity available for sale. As per the laws of supply and demand, an increase in supply without a corresponding increase in demand leads to reduced prices.
The prevailing market price or equilibrium price is the price at which the current demand matches the current supply. There are no shortages or excesses. An increase in supply creates a surplus in the market. For suppliers to sell the excess lumber supplied, they have to reduce prices to create more demand.
What are two responsibilities of a Lean-Agile Center of Excellence? (Choose two. )
To help establish relentless improvement
To coordinate Portfolio Level events
To lead Inspect and Adapts events
To implement a new organizational structure
To foster SAFe Communities of Practice
Two of a Lean-Agile Center of Excellence's duties are: To promote continuous progress, SAFe Communities of Practice should be promoted.
A focused group inside an organisation known as a Lean-Agile Center of Excellence is in charge of promoting and assisting in the adoption of Lean-Agile concepts, methods, and principles. A Lean-Agile Center of Excellence's main objective is to make sure that the firm can continuously enhance its business processes and produce better results. This entails assisting teams with coaching and direction, enabling the adoption of fresh approaches, and promoting an innovative and lifelong learning culture. A Lean-Agile Center of Excellence is also in charge of overseeing Inspect and Adapts events, supporting SAFe Communities of Practice, and organising Portfolio Level events. Organizations can increase their capacity to adjust to shifting market conditions, deliver value to consumers more successfully, and accomplish these goals by building a Lean-Agile Center of Excellence.
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If the planned budget revenue for 5,000 units is $120,000, the flexible budget revenue for 4,500 units is ______.
Based on the planned budget revenue, the flexible budget revenue for 4,500 units will be $108,000.
What is the flexible budget revenue?First find the selling price under the planned budget:
= 120,000 / 5,000
= $24
The flexible budget revenue will be:
= 24 x 4,500 units
= $108,000
In conclusion, the flexible budget revenue is $108,000.
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Performance Assessment Task
Jrotc
This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.
The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.
The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.
Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.
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Please help, I'm so behind. How is net pay different from gross pay?
Answer:
Quantity
Explanation:
gross is the total with no type of changes. Net is your total deductions such as tax or anything like that.
In 2-5 paragraphs, discuss the process you would use to determine whether Internet resources are suitable and reliable sources of information.
HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
About which activity or aspect of the distribution function does David need more guidance?
David works as a warehouse employee for a business that manufactures kitchenware. The utensils and other items that the business manufactures are extremely delicate. Recently, David dropped some expensive glassware when he was loading the items in a truck. David’s manager has decided to provide him better guidance about an important aspect of distribution, which is BLANK.
Answer: I think it’s marketing
Explanation:
Select all that apply.
Which of the following skills are important for job interviews?
thinking
writing
listening
speaking
Answer : Select all got 100% on edge
Answer:
the answer is all of the above.
Explanation:
because you need all of these traits in order to do job interviews.
Success in job interviews depends on a combination of skills, including thinking, writing, listening, and speaking. Each of these skills contributes to your ability to effectively respond to interview questions, demonstrate your competency, and highlight your suitability for the role.
Explanation:All of the skills listed - thinking, writing, listening, and speaking - are indeed important skills for job interviews. Thinking skills are important in order to logically and effectively answer the questions your interviewer is asking. Writing skills can be crucial in interviews, particularly if you're asked to complete a task or test.
Listening skills are critical because they indicate how well you pay attention to instructions and tasks. And finally, speaking skills are necessary to effectively communicate your thoughts, experiences, and ideas.
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Your social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly
target 250,000 users with an estimated click rate of 1%. Which will get more clicks?
Answer:
Narrow targeting
Explanation:
1% of 250,000 is 2,500
10% of 50,000 is 5,000
A social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly target 250,000 users with an estimated click rate of 1%. The narrowly target is the best way.
What is social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
The social media promotion is the part of the marketing. The narrowly target is the specific niche of consumers is the target market on the right time to the right audience. The broadly target to the cover the large level of the audience. The narrowly target is the best option in the social media promotion.
The calculation are:
1% of 250,000 is 2,50010% of 50,000 is 5,000As a result, the significance of the social media are the aforementioned.
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In+order+for+you+to+be+indifferent+between+the+after-tax+returns+on+a+corporate+bond+paying+7%+and+a+tax-exempt+municipal+bond+paying+5.5%,+what+would+your+tax+bracket+need+to+be?
To be indifferent between the after-tax returns on a corporate bond paying 7% and a tax-exempt municipal bond paying 5.5%, your tax bracket would need to be approximately 21.43%.
Let's assume that you are in the 25% federal income tax bracket and there are no state or local taxes. In this scenario, the after-tax return on the corporate bond would be 7% * (1 - 0.25) = 5.25%. Now, to calculate the tax bracket needed for the after-tax return on the municipal bond to be equal to 5.25%, we can set up the following equation:
Tax-exempt municipal bond return = Corporate bond return
5.5% = 7% * (1 - tax bracket)
To solve for the tax bracket, we can rearrange the equation:
(1 - tax bracket) = 5.5% / 7%
1 - tax bracket = 0.7857
tax bracket = 1 - 0.7857
tax bracket ≈ 0.2143 or 21.43%
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Assume the job cost sheet for Job X shows that (f) it used 18 direct labor-hours, (2) it incurred direct materiais charges of $500, and (3) its total job cost is $1,094. If the plantwide predetermined overhead rate per direct labor-hour is $13.00, then how much direct labor cost was charged to Job X ?
Mutiple Croice
$234
$360
$360
$594
Direct labor cost charged to Job X is $234.00. Direct labor-hours for Job X is 18. Plantwide predetermined overhead rate per direct labor-hour is $13.00. Direct labor cost charged to Job X is $234.00
It can be calculated using the formula:
Direct labor cost = Direct labor-hours × Direct labor rate
First, we need to find the direct labor cost by multiplying the direct labor-hours by the plantwide predetermined overhead rate per direct labor-hour.
In this case, the direct labor-hours for Job X is given as 18, and the plantwide predetermined overhead rate per direct labor-hour is $13.00.
So, Direct labor cost = 18 hours × $13.00/hour = $234.00
Therefore, the direct labor cost charged to Job X is $234.00.
In conclusion, the correct answer is $234.
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Underline the two items that are affected.
State whether each item is increasing or decreasing.
1.Sold office machinery for cash
2. Bought motor lorry for cash
3. Sold motor lorry for cash
4. Bought motor van by cheque
5. Bought office furniture by cheque
You are the sole shareholder of ABC Corporation. ABC is based in Toronto, Ontario and earns 100% of its income in Canada. The net income for tax purposes is $575,000. ABC’s taxable capital is $9 million (relevant for purposes of determining whether there is any reduction to the SBD). The following income / expenses have been included in the net income for tax purposes: Taxable capital gain (sale of active asset) $19,000 Dividends received from CDN corporations $22,000 Interest income $18,000 ABC has the following carryover information: Charitable donations (set to expire this year) $ 5,000 Net capital loss (from 2013) $33,000 The following information relates to the $22,000 dividends received by ABC Corp. % of ownership owned by ABC Taxable dividend received by ABC Dividend refund received by Corp. 1 or 2 Corp. 1 8% $10,000 (eligible) $5,000 (paid out of eligible RDTOH) Corp. 2 15% $12,000 (non-eligible) $9,000 (paid out of non-eligible RDTOH) ABC Corp. paid non-eligible dividends of $7,000 to its sole shareholder in the current year. The following additional information is available for ABC Corp. • NERDTOH Dec 31, Prior Year $5,000 • ERDTOH Dec 31, Prior Year $4,000 • Dividend refund received by ABC Corp. 0 • Capital losses deducted in prior years (in Div C) 0 REQUIRED: 30 marks You must calculate the corporate taxes payable for the current year. This includes: • Part I federal taxes payable for ABC Corp.
To calculate the corporate taxes payable for ABC Corporation for the current year, we need to consider various factors. ABC Corporation is based in Toronto, Ontario and earns 100% of its income in Canada.
The net income for tax purposes is $575,000, and its taxable capital is $9 million. The income/expenses included in the net income are a taxable capital gain of $19,000, dividends received from Canadian corporations of $22,000, and interest income of $18,000.
ABC Corporation has carryover information, including charitable donations set to expire this year and a net capital loss from 2013. It also received dividends from two other corporations, along with dividend refunds and dividend payouts. Additionally, we have information about NERDTOH, ERDTOH, dividend refunds received by ABC Corp, and capital losses deducted in prior years.
To calculate the corporate taxes payable for ABC Corporation, we need to follow the relevant tax rules and calculations. First, we calculate the Part I federal taxes payable for ABC Corp by determining its taxable income. We start with the net income for tax purposes of $575,000 and make adjustments for the taxable capital gain, dividends received, and interest income. We also consider the carryover information, such as charitable donations and net capital loss. These adjustments help us arrive at the taxable income.
Next, we calculate the federal tax payable on the taxable income using the applicable tax rates for the current year. The tax rates are based on the Canadian federal tax brackets and rates. We multiply the taxable income by the appropriate tax rate to determine the federal taxes payable.
It's important to note that the dividend receipts and refunds, along with the type of dividends paid by ABC Corp to its shareholder, impact the taxes payable. The distinction between eligible and non-eligible dividends and the associated dividend refund and dividend tax credits need to be considered.
By applying the relevant tax rules and calculations, we can determine the corporate taxes payable for ABC Corporation for the current year.
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scott ruskin is the ceo of decatur materials. the company has been struggling for the last few years and is in danger of defaulting on several of its bank loan covenants. scott is facing significant pressure from the board of directors to tum the company around. unless he meets all of the financial goals for the year, he will be out the door without a golden parachute. to improve the financial appearance of the company, scott undertakes a scheme to boost the balance sheet by faking inventory. the analysis of what financial ratio would most likely bring this scheme to light?
This technique would probably be revealed by a review of the financial ratio for inventory turnover.
Describe inventory turnover.
Inventory turnover is a financial ratio that demonstrates how frequently a company turns over its stock in relation to its cost of goods sold (COGS) over the course of a specific time period. The number of days in the period—typically a fiscal year—can then be divided by the inventory turnover ratio to determine the average number of days it takes for a company to sell its inventory.
Businesses can improve their decisions on pricing, manufacturing, marketing, and purchasing by using the inventory turnover ratio. It is one of the efficiency ratios used to gauge how well a business uses its resources.
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What would it mean to our economy if the government took control of how and when businesses operate? Furthermore, what if they also began seizing bank accounts and/ or property?
Jean’s Vegetable Market had the following transactions during 2014: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $10,000. What is the net cash provided by financing activities? Group of answer choices $21,000 $67,000 $0 $28,000
Answer:
$21,000
Explanation:
The computation of the cash provided by financing activities is shown below
Cash flows from financing activities
Issue proceeds of common stock $50,000
Less Repayment of 6 year note payable -$22,000
Less: Payment of cash dividend -$7,000
Net Cash provided by financing activities $21,000
The same is considered and relevant
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
A glance up and down the organizational chart shows the horizontal specialization, or the official communication network. ture of false?
False. The statement is not entirely accurate.
A glance up and down the organizational chart does not specifically indicate horizontal specialization or the official communication network. The organizational chart typically represents the hierarchical structure of an organization, illustrating the levels of authority and reporting relationships. It primarily shows vertical differentiation, indicating the chain of command from top management to lower-level employees.
Horizontal specialization refers to the division of labor within an organization based on specialized tasks or functions. It involves the differentiation of work roles and responsibilities across departments or units. Horizontal specialization is not directly evident by looking at the organizational chart alone.
The official communication network refers to the formal channels of communication that exist within an organization. It includes the established lines of communication through which information flows from top to bottom and vice versa. The organizational chart may provide some insights into the formal reporting relationships, but it does not fully capture the intricacies of the official communication network.
Therefore, a glance up and down the organizational chart does not explicitly reveal horizontal specialization or the official communication network. These aspects require a deeper understanding of the organization's structure, roles, and communication channels.
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A strategy where companies cooperate and compete at the same time with companies in its value net is called:
Answer: Co-Opetition os your answer.
Hope this helps!
A strategy where companies cooperate and compete at the same time with companies in its value net is called Coopetition.
What is Coopetition?Coopetition is a commercial strategy that makes use of theory insights to determine when it makes sense for rivals to cooperate. Coopetition is mathematical simulations that study how collaborating with rivals might benefit all participants and expand the market.
According to the concept of "coopetition," competition's motivating factors might result in two positive outcomes while getting access to resources through collaboration.
However, it is more dangerous if businesses participate in "too much" coopetition since they may fail to distinguish between the competing forces of cooperation and competition, which might lead to conflict & power imbalances among their rivals.
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Which form of organization provides limited liability for the firm but yet allows the professionals working within that firm to be sued personally?
A) Limited liability partnership
B) Limited liability company
C) Sole proprietorship
D) Professional corporation
Answer: A) Limited liability partnership
Explanation:
The form of organization provides limited liability for the firm but yet allows the professionals working within that firm to be sued personally Limited liability partnerships.
Which type of business structure offers the firm limited liability but yet permits the professionals who work there to be sued individually?The structure of the company limits the firm's responsibility while still allowing its employees to be sued personally. a company with expertise (doctors, dentists, etc.)
Which type of business structure offers the company limited liability?Stockholders are only subject to liabilities up to the amount they personally invested in the company. Additionally, creditors are prohibited from seizing personal property to pay off debts (although now creditors often request personal guarantees on business loans).
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When there is a change in the estimated useful life of a depreciable asset, the accountant would: a. Calculate the change and apply it to all years-restating the previous years' financial statements as needed b. Calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements C. Calculate the change and apply it retrospectively-restating the previous years' financial statements as needed d. Calculate the change and record a one-time adjusting journal entry-debiting depreciation expense and crediting accumulated depreciation . A company owns a press that has a book value of $3,450. The asset is sold to a scrap dealer for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. When recording the entry, the accountant would record: a. A gain of $450 b. A gain of $2,450 C. A loss of $2,450 d. A loss of $450 Regarding a company's cost of capital, which statement is false: a. The cost of capital is the cost a company bears to obtain external financing b. Debt financing is the after-tax cost of borrowing money c. Equity financing is the cost investors expect when purchasing shares of stock d. The cost of capital is critical because it determines which long-term projects are profitable to undertake The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as: The weighted average cost of capital b. The debt to equity ratio c. The quick ratio d. The weighted average of debt to equity financing Goods acquired for use in the production of income are: a. Inventory b. Raw Materials c. Assets d. All of the above Goods held for sale in the normal course of business: Are called Inventory b. Are valued at market unless the historic cost is less c. Are listed as current assets which must be disposed of after 12 months d. Must be counted each month in order to determine the cost of goods sold D. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as: a. An unethical smoothing of financial information b. A perpetual inventory system c. A periodic inventory system d. The basis for a qualified opinion by the external auditor . Maintaining inventory records in the accounting system and recording purchases to an inventory account would indicate a company has: a. Ethical business transactions b. A perpetual inventory system c. A periodic inventory system d. An unqualified opinion from the external auditor Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to: a. Record the cost of remaining A6745 products to an inventory allowance account Dispose of product A6745 and record the cost against comprehensive income in the Equity section of the balance sheet b. Record the difference between the original selling price and the new discounted selling price to a discounts and allowance account using the Gross method d. Write down the inventory value to $0 and give the A6745 products away. LIFO layers are created in ending inventory when: The number of units purchased exceeds the number of units sold b. The number of units sold exceeds the number of units purchased The number of units sold equals the number of units purchased C. d. The number of units purchased less the number of units sold exceeds the marketing forecast for unit sales in the next 12 months. An advantage of LIFO is: a. The ending inventory balance agrees closely with current replacement cost b. There is a matching of current costs with current revenues c. LIFO liquidation can result in greatly decreased tax payments when inventory levels decline Inventory costs usually correspond with the physical flow of goods When considering Lower of Cost or Market, market is generally considered to be: a. The original price paid on the open market for inventory b. The replacement cost of inventory c. The net realizable value of inventory less a normal profit margin The net realizable value of inventory The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the: a. Replacement cost b. Market C. Floor d. Ceiling
When there is a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements. The correct option is B.
Calculation and application of change in estimated useful life of a depreciable asset.The change in the estimated useful life of a depreciable asset can impact the calculation of depreciation and change the amount of depreciation in the books. In the case of a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements.Recording the entry for selling an asset.
When an asset is sold, a gain or loss is recorded based on the sale price of the asset. In the given scenario, the press has a book value of $3,450 and is sold for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. The total proceeds of the sale amount to $3,000 ($1,000 cash + $2,000 worth of spare parts).The loss on the sale of the asset is calculated as follows:Loss on sale of the asset = Book value of the asset - Proceeds from the sale= $3,450 - $3,000= $450. Hence, the accountant would record a loss of $450.The false statement regarding a company's cost of capital is:The cost of capital is the cost a company bears to obtain external financing is a false statement. The correct statement is The cost of capital is the cost of financing a company's operations, including both equity and debt financing.Weighted Average Cost of Capital (WACC)The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as the weighted average cost of capital.Inventory and goods held for sale:Goods acquired for use in the production of income are assets. Goods held for sale in the normal course of business are called inventory. Periodic inventory system. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as a periodic inventory system. A perpetual inventory system, on the other hand, maintains a continuous record of inventory levels.Write down of inventory value Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to record the cost of remaining A6745 products to an inventory allowance account. LIFO layers are created in ending inventory when the number of units sold exceeds the number of units purchased. This results in a reduction of the inventory layers and may affect the cost of goods sold and gross margin of the company. Advantage of LIFO; An advantage of LIFO is that there is a matching of current costs with current revenues.Lower of Cost or Market: When considering Lower of Cost or Market, market is generally considered to be the net realizable value of inventory. This is the selling price of the inventory less the cost of disposal.The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the ceiling. The correct option is B.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
A country will roughly double its gdp in twenty years if its annual growth rate is:
A country will roughly double its gdp in twenty years if its annual growth rate is 3.5 using the rule of 70.
What is the rule of 70?The rule of 70 is used to determine the time it takes a country to double it growth rate.
It makes use of the annual growth rate of the country.
To double in 20years =70/20 = 3.5
Therefore, A country will roughly double its gdp in twenty years if its annual growth rate is 3.5 using the rule of 70.
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Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?
A. $689,364.25
B. $254,369.25
C. $674,689.33
D. $356,543.89
E. $701,055.34
F. $722,066.88
manufacturing plants with low labor costs that give special privileges to their american owners in return for employing mexican citizens are known as
Maquiladoras are manufacturing plants with low labor costs that give special privileges to their american owners in return for employing mexican citizens.
Maquiladoras are businesses with operations in Mexico that produce goods for businesses in the United States and benefit from the cheaper labour costs and tax breaks provided by the North American Free Trade Agreement (NAFTA). Maquiladoras have operated under this arrangement since the 1960s and are generally found close to the U.S.-Mexico border to speed up the exportation process.
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Ricky is working for Matt, a buyer client, who is interested in a property at which the listing agent offers compensation to cooperating agents. The listing agent has offered Ricky or any cooperating agent additional compensation if the transaction closes within 40 days. Is this ethical
A firm is currently using 12 machines. Each machine is capable of producing 100 units of output. It anticipates that by the end of the year, 3 of its machines will wear out.
a) if it expects to sell 1600 units next year, how many machines will it buy?
b) in the future may fewer machines be needed to produce the same output?
Answer:
Im pretty sure that the correct answer would be the letter A