1Consumption of Fixed Capital$4382Taxes on Production and Imports3263Compensation of Employees2,3474Rents145Interest2876Proprietors' Income2427Corporate Profits2978Personal Consumption Expenditures2,5829Gross Private Domestic Investment66910Government Purchases81511Net Exports-7812Net Foreign Factor Income4613Statistical Discrepancy50Refer to the accompanying national income data (in billions of dollars).Which items need to be accounted for in going from national income to GDP?
Answers
To go from national income to GDP, you need to account for: Consumption of Fixed Capital ($438), Taxes on Production and Imports ($326), and Net Foreign Factor Income ($46).
To determine the Gross Domestic Product (GDP), several items have to be accounted for in going from national income to GDP.
PCE represents the total amount of money spent by individuals and households on consumer products and services. GPDI indicates the total amount of money spent on capital goods, new construction, and changes in business inventories.
GP refers to the total amount of money spent by the federal, state, and local governments on public goods and services. NE represents the total value of a country's exports minus the total value of its imports.
NFFI indicates the amount of money earned by US residents outside the US less the amount of money earned by foreign residents within the US.
SD is the difference between the amount of money added to the economy and the amount actually counted. Therefore, PCE, GPDI, GP, NE, NFFI, and SD are the items that need to be accounted for in going from national income to GDP.
First, add the Consumption of Fixed Capital and Taxes on Production and Imports to the national income. Then, adjust for Net Foreign Factor Income by adding or subtracting it as needed. In this case, you will add $46 since it is positive. By considering these items, you can accurately calculate the GDP from the given national income data.
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COMPLETE QUESTION:
Consumption of Fixed Capital $4382
Taxes on Production and Imports 3263
Compensation of Employees 2,3474
Rents 145
Interest 2876
Proprietors' Income 2427
Corporate Profits 2978
Personal Consumption Expenditures 2,5829
Gross Private Domestic Investment 66910
Government Purchases 81511
Net Exports -7812
Net Foreign Factor Income 4613
Statistical Discrepancy 50
Refer to the accompanying national income data (in billions of dollars).Which items need to be accounted for in going from national income to GDP?
Related Questions
P3-3B. In June, Landis Saunders of Lou's Auto Spa of Ontario had the following transactions: 2021 June 1 L. Saunders invested $10,000 in the new auto spa. 4 Bought cleaning equipment for cash, $3500. 5 Earned cleaning fees, $2,500, but payment from Avon Co. will not be received until July. 8 Paid wages expense, 700 . 11 L. Saunders paid her home cable bill using a company cheque, $100. 12 Cleaned a fleet of cars, receiving $1,900 cash. 15 Paid cash for cleaning supplies, $500. 28 Telephone bill was received but not yet paid, $155. 29 Advertising bill paid, $250. The chart of accounts includes Cash, 111; Accounts Receivable, 112; Cleaning Supplies, 131; Cleaning Equipment, 141; Accounts Payable, 211; L. Saunders, Capital, 311; L. Saunders, Withdrawals, 321; Cleaning Fees Earned, 411; Wages Expense, 511; Telephone Expense, 521; Advertising Expense, 531.
Answers
Transaction Analysis of Lou's Auto Spa of Ontario
Date Transaction Account Titles and Explanation Debit Credit
Jun 1 Cash 10000 L. Saunders, Capital 10000
Jun 4 Cleaning Equipment 3500 Cash 3500
Jun 5 Accounts Receivable 2500 Cleaning Fees Earned 2500
Jun 8 Wages Expense 700 Cash 700
Jun 11 Advertising Expense 100 L. Saunders, Capital 100
Jun 12 Cash 1900 Cleaning Fees Earned 1900
Jun 15 Cleaning Supplies 500 Cash 500 J
un 28 Telephone Expense 155 Accounts Payable 155
Jun 29 Advertising Expense 250 Cash 250
Explanation of each transaction in the table above:
June 1: Landis Saunders of Lou's Auto Spa invested $10,000 cash in the new auto spa. The journal entry for this transaction is to debit Cash $10,000 and credit L. Saunders, Capital $10,000.
June 4: Lou's Auto Spa purchased cleaning equipment for cash $3500. The journal entry is to debit Cleaning Equipment $3500 and credit Cash $3500.
June 5: Lou's Auto Spa earned cleaning fees $2500, but payment from Avon Co. will not be received until July. The journal entry is to debit Accounts Receivable $2500 and credit Cleaning Fees Earned $2500.
June 8: Lou's Auto Spa paid wages expense $700 in cash. The journal entry is to debit Wages Expense $700 and credit Cash $700.
June 11: Landis Saunders paid her home cable bill using a company cheque $100. The journal entry is to debit Advertising Expense $100 and credit L. Saunders, Capital $100.
June 12: Lou's Auto Spa cleaned a fleet of cars and received $1,900 in cash. The journal entry is to debit Cash $1900 and credit Cleaning Fees Earned $1900.J
June 15: Lou's Auto Spa paid cash $500 for cleaning supplies. The journal entry is to debit Cleaning Supplies $500 and credit Cash $500.
June 28: Telephone bill was received but not yet paid $155. The journal entry is to debit Telephone Expense $155 and credit Accounts Payable $155.
June 29: Advertising bill paid $250 in cash. The journal entry is to debit Advertising Expense $250 and credit Cash $250.
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Name 3 target market (customer group) PLEASE HELP
Answers
Answer:
walmart, publix, and aldes
Explanation:
Explanation:
These include gender, age, income levels, race, education, religion, marital status, and geographic location. Consumers that fall into these groups tend to value the same products and services, which is why narrowing down these segments is one of the most important factors to determine target markets
A rise in stock prices and housing prices
A. increases household wealth which in turn increases consumption and leads to an upward movement along the consumption function.
B. reduces consumption due to increase in prices and causes the consumption function to shift downward.
C. increases household wealth which in turn increases consumption and leads to an upward shift of the consumption function.
D. does not affect consumption because they do not have any direct impact on disposable income.
Answers
Answer:
B
Explanation:
12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is as follows:
1. $300,000 in sales on account had not been recorded but were shipped FOB Shipping Point on December 31. The cost of this inventory was $140,000. Bruce and Emmett use a perpetual inventory system.
2. Employees are allowed to carry over up to 10 days of earned vacation days per year up to 40 days. Employees earn an average of $150 per day. A total of 500 earned vacation days will be carried over to 2020. It is probable that the employees will take the vacation days.
3. Accrued wages at December 31, 2019 amount to $50,000.
4. You discover that a product sale was made and recorded in December for $50,000; the product had not yet been shipped. The cost of the product was $24,000.
5. The Prepaid Expense account balance includes the $24,000 cost of a two year insurance policy purchased on April 1, 2019. (Prepaid Expense was debited for $24,000 on April 1, 2019)
6. Depreciation & Amortization expense for the year is $150,000
7. Interest expense accrued on its long-term liabilities is $35,000.
8. A dividend of $40,000 was declared on December 16, to be paid on January 15, 2020
9. It is estimated that 5% of accounts receivable will be uncollectable.
10. Income tax expense is 30% of income before income tax.
INSTRUCTIONS: A. Record the adjusting journal entries
B. Compute the adjusted trial balance amounts
C. Prepare in good form:
a. Multiple Step Income Statement with an other gains and losses section
b. Balance Sheet
c. Retained Earnings Statement
D. Compute the following ratios: Current Ratio, Profit Margin on Sales, Debt to Assets, Earnings per Share, and Book Value per share
E. Record Closing Entries
Answers
A. Adjusting journal entries: Sales on account (A/R) 300,000, Cost of goods sold (Inventory) 140,000 and Inventory 140,000. Where Vacation expense is 75,000 and Vacation liability 75,000.
Here are the journal entries:
Wages expense 50,000
Wages payable 50,000
Accounts receivable 50,000
Sales revenue 50,000
Cost of goods sold 24,000
Inventory 24,000
Insurance expense 12,000
Prepaid expense 12,000 [(24,000/24 months) * 9 months]
Depreciation and amortization expense 150,000
Accumulated depreciation and amortization 150,000
Interest expense 35,000
Interest payable 35,000
Bad debt expense 7,500
Allowance for doubtful accounts 7,500 [(5%*A/R) = (5%*150,000)]
B. Adjusted trial balance:
Cash 100,000
Accounts receivable 142,500 (150,000 - 7,500)
Inventory 276,000 (140,000 + 24,000 + 112,000)
Prepaid expenses 12,000
Property, plant & equip 600,000
Accum. dep. & amort. -150,000
Goodwill 60,000
Vacation liability 75,000
Wages payable 50,000
Interest payable 35,000
Accounts payable 80,000
Long-term liabilities 400,000
Common stock 500,000
Retained earnings 365,500 (500,000 - 40,000 - 75,000 - 50,000 - 35,000 - 7,500)
Total 2,111,000
Along with Stockholders' equity which results in Common.
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PLEASE HELP!! 20 POINTS!!!
Answers
The four steps that an accountant needs to follow when making an adjustment entry, in order are:
Determine the accurate account balances Check for the original journal entry Pass the necessary journal entries for the difference Calculate the difference between the correct and original account balances How to make an adjustment entry?In order to make an adjustment entry, the first thing to do is to check for the accurate balances of the account and then also check for the original entry made in the journal.
If the accurate balance and the original balance are not the same, then calculate the difference and make and adjustment.
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Kim is on a crew that sets up the equipment for a very popular musician. Before the concerts, she sets up lights, microphones, sound equipment, and video screens above the stage. After the concerts, she takes down the equipment Her job is best described as Sylvia sets up, runs, and maintains the equipment for a radio station. Her job is best described as Kenneth works in a small studio using technical equipment and computers. He edits television commercials. His job is best described as Jose works in a music studio operating the equipment for musicians to record their music before selling it to the public. He adjusts the equipment so the recordings have good, clear sound. His job is best described as
Answers
Answer:
B,C,C,A
Explanation:i did it on edge 2021
His job is best described as an Audio and video equipment technician. They manage the electrical machinery used to produce radio and television shows, concerts, sound recordings, and movies.
What does an audio technician do?Audio technicians sometimes referred to as sound technicians, set up sound and recording equipment, test it out, and make modifications to help with recordings and sound production. They typically work in radio, television, film, concert halls, and recording studios.
Technicians that work with audio and video equipment operate devices including mixing boards, microphones, and video screens. They capture conferences, sporting events, concerts, and meetings.
Establish, run, and maintain the electronic machinery required to collect, edit, and broadcast audio and video for radio or television programs. To control sound volume, signal strength, and signal clarity in incoming and outgoing broadcast signals, make appropriate adjustments.
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an oddly-shaped piece of property would probably be described using this (fill the blank) method of land description
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The compltete sattemet is "an oddly-shaped piece of property would probably be described using this Metes and Bounds method of land description"
What is Metes and Bounds?Generally, A technique or approach that is used to describe land, real property, or real estate is known as "metes and bounds." In England, the defining of general borders is still done using a technique that has been in use for many centuries and is still employed in that country.
The "metes" and "bounds" are the two components that are used to characterize each and every line or course.
The perimeter of the parcel may be calculated using the metes, which is the mathematical representation of the property lines that have been stated. It is necessary to reference the boundaries in order to explain what elements each line is constrained by.
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steele video has sales of $96,400, costs of $53,800, interest paid off $2,800, and depreciation of $7,100. the tax rate is 21 percent. what is the value of the cash coverage ratio? multiple choice
Answers
The cash coverage ratio is 15.21. Therefore, the correct option is A.
The cash coverage ratio is used to determine the company’s ability to pay its obligations. It is calculated by dividing the cash available to pay obligations by the amount of the obligations. The cash coverage ratio is an important indicator of a company’s liquidity.
Companies should aim for a cash coverage ratio of at least 1, which indicates that they have enough cash available to cover their obligations. If the ratio is less than 1, the company may have difficulty paying its obligations and should consider taking steps to improve its liquidity.
In the case of Steele Video, the cash coverage ratio is calculated by dividing the cash available to pay obligations (which is equal to Sales minus Costs minus Interest minus Depreciation) by the total amount of obligations. Therefore, the cash coverage ratio for Steele Video is equal to:
(96,400 - 53,800 - 2,800 - 7,100)/(96,400 - 53,800 - 2,800 - 7,100 + 21% * (96,400 - 53,800 - 2,800 - 7,100)) = 15.21
Hence, the cash coverage ratio equals 15.21. Therefore, the correct answer is option A.
This indicates that Steele Video has sufficient cash to cover its obligations, but not a large enough cushion to cover unexpected costs or losses.
Note: The question is incomplete. The complete question probably is: Steele video has sales of $96,400, costs of $53,800, interest paid off $2,800, and depreciation of $7,100. The tax rate is 21 percent. What is the value of the cash coverage ratio? multiple choice A) 15.21 B) 12.14 C) 17.27 D) 23.41 E) 12.68
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the two methods that are typically used when closing agents and lenders calculate items that need to be prorated are the 12-month/360 day method and the
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The two methods that are typically used when closing agents and lenders calculate items that need to be prorated are the 12-month/360 day method and the actual/365 day method.
The 12-month/360 day method assumes each month contains 30 days, regardless of how many days are actually in a month.
This method is generally used for mortgage payments. The actual/365 day method considers the actual number of days in each month and accounts for leap years.
This method is generally used when prorating taxes, insurance, or rent.
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How does the availability of economic resources in conjunction with the law of diminishing returns affect an entrepreneur's decisions?
Answers
Answer: A
Explanation:
According to the law of diminishing returns, the increase in output that results from adding a production factor is smaller. The law of diminishing returns aids the business in determining the ideal amount of output in production. This is so that the producer can determine whether or not the output has reached its maximum potential.
Why is the law of diminishing returns important?Because economists anticipate that a firm's short-run marginal cost curves would slope upward as the number of output units rises, the law of diminishing returns is significant because it forms part of the theoretical framework.
According to the economic theory known as the law of diminishing returns, as an investment in a certain area rises, the rate of profit from that investment can no longer rise if other factors remain constant after a certain point.
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I WILL GIVE BRAINLIEST!!!!! THIS IS UP FOR THE MOST AMOUNT OF POINTS POSSIBLE!!!!!!!! ANY FALSE ANSWERS OR LINKS WILL BE REPORTED!!!!! PLEASE HELP ME!!!!!!!!!!
Louise is a marketing administrator at a financial institution. She has spent most of her busy day in meetings. She had a long department team meeting during the first half of the day. After lunch, she had a cross-departmental team meeting, followed by an administrative team meeting.
A. What type of employees were likely present at each of the three meetings? Provide an example of what each meeting might have been about.
B. Louise was assigned as team leader of the cross-departmental team. Since the team involves individuals who are all quite different, what kind of group dynamics should Louise watch out for? What can she do to ensure the team stays productive and motivated?
Answers
A)
First meeting
Employees: Entire marketing team
Possible topic: How to market a new service that the company provides
Second meeting
Employees: Marketing team and customer service team
Possible topic: How to improve customer satisfaction
B) She should make sure that the individuals are willing to learn new things and work well in teams because employees will have to work with others who are very different than them.
To motivate her team, she should give positive feedback, allow employees to make their own decisions, and create challenging (but realistic goals)
the ability to develop and manage interactions, with and between others in the organization, with the specific aims of improved work conditions and organizational success is:
Answers
The ability to develop and manage interactions, with and between others in the organization, with the specific aims of improved work conditions and organizational success is referred to as effective communication and collaboration. This skill is essential for fostering a positive work environment and achieving organizational goals.
The ability to develop and manage interactions with and between others in the organization, with the specific aims of improved work conditions and organizational success is essential for effective leadership and management. Creating a positive work environment where employees feel valued and supported is crucial for achieving organizational success. Effective communication, collaboration, and relationship-building skills are necessary for developing and managing interactions within the organization. By fostering a culture of mutual respect and understanding, leaders can help to improve work conditions and promote a sense of teamwork and unity. Ultimately, these efforts can lead to increased productivity, employee satisfaction, and overall organizational success.
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A ___It’s a written set of instructions that tells a bank how to use money to pay someone
Answers
Answer:
Check
Explanation:
Check is seen as the series of inscribed commands that inform a bank of whether to use money to pay anyone. It directs the bank to the check bearer regarding the exact sum of money to be paid. It is a signed agreement which guides the bank on the sum of money to be drawn on the payer's name and sent to the payee. So the correct answer would be 'check.'
HUD Company had a beginning retained earnings of $30,800. For the year, the company had net income of $7,415 and paid dividends of $3,025. The company also issued $5,175 in new stock during the year. What is the ending retained earnings balance
Answers
the company has starting retained earnings, net income, paid dividends, and issued new stock during the year. We are asked to find the ending retained earnings balance. The ending retained earnings balance is calculated by adding the net income to the beginning
The retained earnings and then subtracting any dividends paid. We can use this formula Ending retained earnings = beginning retained earnings + net income - dividends paid beginning retained earnings = $30,800Net income = are $7,415Dividends paid = $3,025New stock issued = $5,175Now, we can substitute these values into the formula Ending retained earnings = beginning retained earnings + net income - dividends paid Ending retained earnings = $30,800 + $7,415 - $3,025Ending retained earnings = $35,190Therefore
the ending retained earnings balance is $35,190 In this problem, we were asked to find the ending retained earnings balance for a company that had a beginning retained earnings balance of $30,800, net income of $7,415, dividends paid of $3,025, and new stock issued of $5,175.We calculated the ending retained earnings by using the formula Ending retained earnings = beginning retained earnings + net income - dividends paid We substituted the given values and found that the ending retained earnings balance is $35,190.
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Bought a machine for Rs.100000 from ABC trading concern in account
Answers
Answer:
whats the question. Please let me know
Explanation:
when salespeople ignore a purchasing agent's policy, go around his or her back, and contact other people directly involved in the purchasing decision, they engage in _____.
Answers
When salespeople ignore a purchasing agent's policy, go around his or her back, and contact other people directly involved in the purchasing decision, they engage in "backdoor selling."
Backdoor selling refers to the practice of circumventing the normal purchasing channels or policies by attempting to sell a product or service directly to someone who is involved in the purchasing decision, rather than going through the designated purchasing agent or department. This practice can be unethical and can undermine the credibility of the salesperson and the company they represent.
Purchasing agents are responsible for managing the purchasing process and ensuring that the company follows its purchasing policies and procedures. By going around the purchasing agent, salespeople can create confusion and disrupt the normal flow of the purchasing process, potentially resulting in inefficiencies, unnecessary costs, and conflicts of interest.
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what objects are necessary for the formation of shadows ?
Answers
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
Describe briefly How to deal with Typical Hardball Tactics?
Answers
Dealing with typical hardball tactics in negotiations requires a strategic approach. Firstly, it is important to stay calm and composed, avoiding emotional reactions. Analyze the tactics being used and understand their underlying motivations. Maintain open communication and seek to clarify any misunderstandings.
When dealing with typical hardball tactics in negotiations, it is important to approach the situation strategically. Here are some key steps to consider:
1. Stay calm and composed: Emotional reactions can hinder your ability to respond effectively. Maintain a level-headed demeanor throughout the negotiation process.
2. Analyze the tactics: Understand the motivations behind the hardball tactics being used. Identify the underlying interests and goals of the other party.
3. Clarify misunderstandings: Communication is crucial. Seek to clarify any misunderstandings or misinterpretations that may be contributing to the use of hardball tactics.
4. Respond strategically: Develop counter-tactics to address the hardball tactics being employed. This may involve proposing alternative solutions, questioning the validity of their claims, or presenting factual evidence to support your position.
5. Establish boundaries: Clearly communicate your limits and boundaries. Make it known what is acceptable and what is not in the negotiation process.
6. Assert your position: Stand firm on your position and interests. Clearly articulate your needs and requirements to maintain your leverage.
7. Seek neutral support: If necessary, involve a neutral third party, such as a mediator or arbitrator, to help facilitate the negotiation process and maintain a fair and balanced discussion.
8. Focus on mutual benefits: Instead of getting caught up in power struggles, prioritize finding mutually beneficial solutions. Look for areas of common ground and explore opportunities for collaboration.
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This year Nathan transferred $7 million to an irrevocable trust established for the benefit of his nephew. The trustee is directed to accumulate income for the next 5 years before distributing the trust corpus to Nathan's nephew. In past years Nathan has made taxable gifts of $6 million and used an applicable credit on an exemption equivalent of $5 million. What amount of gift tax, if any, must Nathan remit?
Answers
Nathan's transfer of $7 million to the irrevocable trust for the benefit of his nephew is a taxable gift.
However, Nathan has already used his applicable credit on an exemption equivalent of $5 million for past gifts, leaving a remaining applicable credit of $3.5 million. The taxable amount of the gift would be $7 million minus the remaining applicable credit of $3.5 million, resulting in a taxable gift of $3.5 million.
The gift tax rate is currently 40%, so Nathan would need to remit a gift tax of $1.4 million (40% of $3.5 million). However, it's worth noting that the trustee is directed to accumulate income for the next 5 years before distributing the trust corpus to Nathan's nephew. Depending on the income generated by the trust during that time, there may be additional gift tax implications in the future.
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the majority of products and services are likely to satisfy on?
Answers
BOTH psychological and practical requirements.
The corporation must identify the proper BALANCE of functional and psychological needs that best appeals to its target demographic in order to successfully advertise a product.
Who provides the goods and services that satisfy consumers needs and wants?A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.
For instance, a car wash might provide complimentary interior vacuuming with each purchase. It's a feature that satisfies the requirement to clean the automobile while also improving the final experience for the customer. Discounts for additional purchases made at that time or on the next purchase are occasionally included in inclusions.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
Answers
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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the minimum legal price that can be charged in a market is multiple choice a price floor. a price ceiling. full economic price. nonpecuniary price.
Answers
The correct answer is a price floor. A price floor is a government-imposed minimum legal price that can be charged in a market for certain goods or services.
The correct answer is a price floor. A price floor is a government-imposed minimum legal price that can be charged in a market for certain goods or services. It is set above the market equilibrium price and is intended to protect producers or suppliers from receiving prices that are too low.
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A price floor is a government-imposed minimum price that can be charged in a market, often set above the equilibrium price. The minimum legal price that can be charged in a market is a price floor.
The purpose of a price floor is to protect producers and workers in the industry from the effects of low prices by ensuring that they receive a certain level of income.
For example, minimum wage laws are a type of price floor that set a legal minimum wage that employers must pay to their workers. This ensures that workers receive a certain level of income and are not paid below a certain wage rate. Therefore, the correct answer is a. price floor.
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The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:March AprilSales. $450,000 $520,000Manufacturing costs 290,000 350,000Selling and administrative expenses 41,400 46,400Capital additions 250,000 ---The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.Prepare a monthly cash budget for March and April.
Answers
Answer:
March $6,000
April $134,400
Explanation:
Preparation of a monthly cash budget for March and April
SYSTEMS COMPANY CASH BUDGET FOR MARCH AND APRIL
March April
Estimated cash receipts from:
Cash sales $157,500 $182,000
($450,000*35%=$157,500)
($520,000*35%=$182,000)
Collections of accounts receivable
$285,000 $328,900
[$51,000+($450,000*65%*80%)=$285,000]
[($450,000*65%*20)+($520,000*65%*80%)=$328,900]
Total cash receipts $442,500 $510,900
($157,500+$285,000=$442,500)
($182,000+$328,900=$510,900)
Estimated cash payments for:
Manufacturing costs $174,500 $305,000
[$102,000+($290,000*1/4)=$174,500]
[($290,000*3/4)+($350,000*1/4=$305,000)]
Selling and administrative expenses $37,000 $37,500
[($41,400-$6,400)/2 + $19,500 $37,000]
[($46,400-$6,400)/2 +$19,500$37,500]
Capital additions $250,000 $0
Income taxes $0 $40,000
Total cash payments $461,500 $382,500
Cash increase (decrease) -$19,000 $128,400
($442,500-$461,500=-$19,000)
($510,900-$382,500=$128,400)
Cash balance at beginning of month $45,000 $26,000
Cash balance at end of month $26,000 $154,400
(-$19,000+$45,000=$26,000)
($128,400+$26,000=$154,400)
Minimum cash balance $20,000 $20,000
Excess (deficiency) $6,000 $134,400
($26,000-$20,000=$6,000)
($154,400-$20,000=$134,400)
Therefore The monthly cash budget for March and April will be :
March $6,000
April $134,400
Why do we record Direct deposits into the CPJ
Answers
Explanation:
Because those payments are done for creditors, repayment of loans and other expenses
each listed stock option contract gives the holder the right to buy or sell shares of stock. each listed stock option contract gives the holder the right to buy or sell shares of stock. 10 100 1000 1
Answers
The correct statement is:
Each listed stock option contract gives the holder the right to buy or sell 100 shares of stock.
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Items that are used in the production of an item but are not necessarily the primary items being processed are recorded as
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The items that are used in production but are not necessarily primary items are known as Supplies inventory.
What are supplies inventory?Supplies are items that are used in production to help in the production of the final good.
They are not however used to produce the primary good which means that they are not processed as primary items. They simply help the primary good to be produced.
In conclusion, these are supplies inventory.
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if year 2 is the base year, the consumer price index for year 5 is
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Inflation is measured by the percentage change in the CPI from one year to the next. If the CPI in year 5 is higher than the CPI in year 4, then inflation has occurred. If the CPI in year 5 is lower than the CPI in year 4, then deflation has occurred.
The Consumer Price Index (CPI) is a measure of the changes in prices that consumers pay for a basket of goods and services. It is used to estimate the cost of living for households over time and is a useful tool for policy-makers to monitor inflation and make adjustments to economic policies. The CPI is calculated by comparing the prices of a basket of goods and services in a given year with the prices of the same basket of goods and services in a base year. If year 2 is the base year, the CPI for year 5 can be calculated using the following formula:CPI (year 5) = (Price of Basket of Goods and Services in Year 5 / Price of Basket of Goods and Services in Base Year) x 100For example, if the price of the basket of goods and services in year 5 is $120 and the price of the same basket of goods and services in the base year (year 2) is $100, then the CPI for year 5 would be:CPI (year 5) = ($120 / $100) x 100 = 120This means that the cost of living in year 5 has increased by 20% compared to the base year (year 2). If the CPI for year 5 is greater than 100, it indicates that the average price level of the basket of goods and services has increased compared to the base year, while a CPI of less than 100 indicates that the average price level has decreased compared to the.
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which word best describes the writing process in business writing ?
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Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing