A. The car originally cost $81,666.67.
B. The car will be worth less than 25% of what was paid for it after 3 years from when it was 2 years old.
(a) To find the original cost of the car, we need to work backwards from the current price.
Let X be the original cost of the car.
Then, after the first year, the value of the car will be 0.6X (since it depreciates by 40% in the first year),
and after the second year, the value of the car will be 0.3(0.6X) = 0.18X (since it depreciates by 30% in the second year).
Therefore, we have:
0.18X = $14,700
X = $81,666.67
So the car originally cost $81,666.67.
(b) Let Y be the number of years after the car was 2 years old.
Then, the value of the car after Y years can be expressed as:
0.2($81,666.67)(Y-2)
We want to find the value of Y such that this expression is less than 0.25($14,700).
That is:
0.2($81,666.67)(Y-2) < 0.25($14,700)
Multiplying both sides by 5 and dividing by $81,666.67 gives:
(Y - 2) < 0.030303...
Taking into account that Y must be a positive integer, we get:
Y ≤ 3
Therefore, the car will be worth less than 25% of what was paid for it after 3 years from when it was 2 years old.
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what are expenses from those:
1. premises
2. Machinery
3. Rent received
4. Advertising
5. Motor Vehicle
6: Motor expense
the income elasticity of demand of a normal good is always: group of answer choices less than 0. equal to 0. greater than 0. between 1 and 0.
The income elasticity of demand for a normal good is always greater than 0. This is because as consumers' income increases, their demand for normal goods also increases, and vice versa.
The income elasticity of demand of a normal good is always greater than 0, which corresponds to the option "greater than 0". Income elasticity of demand measures the responsiveness of the quantity demanded of a good to changes in income. For normal goods, as income increases, the demand for these goods also increases. The positive income elasticity reflects the fact that consumers tend to spend more on normal goods as their income rises. The magnitude of the income elasticity determines whether the good is considered income inelastic (between 0 and 1) or income elastic (greater than 1), indicating the degree of responsiveness to changes in income.
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Select all that apply The three-step analysis to determine cash provided or used by investing activities includes: Multiple select question. identifying changes in investing-related accounts reporting the cash flow effects explaining the changes using T-accounts and reconstructed entries identifying changes in cash accounts
Answer:
identifying changes in investing-related accounts
reporting the cash flow effects
explaining the changes using T-accounts and reconstructed entries
Explanation:
In analysing cash flows in a business there are 3 types of cash flow: from operating activities, from investing activities, and from financing activities.
Cash flow from investing activities involves cash used for various investments over a particular period.
This can include purchase of property, equipment, acquisition of other businesses, and investment in marketable securities.
The three-step analysis to determine cash for investing activities includes:
- monitoring changes that occurs in investment related accounts
- reporting of cash flow as it relates to investment
- use of T accounts and reconstructed entries to explain changes in cash flow
Equivalent Annual Annuity Faleye Consulting is deciding which of two computer systems to purchase. It can purchase state-of-the-art equipment (System A) for $21,000, which will generate cash flows of $6,000 at the end of each of the next 6 years. Alternatively, the company can spend $11,000 for equipment that can be used for 3 years and will generate cash flows of $6,000 at the end of each year (System B). If the company’s WACC is 10% and both "projects" can be repeated indefinitely, which system should be chosen, and what is its EAA?
The preferred system for Faleye Consulting should be System A, and its Equivalent Annual Annuity (EAA) can be calculated to determine its value.
To calculate the EAA, we need to find the present value of the cash flows generated by System A over the next 6 years. Using the formula for the present value of an annuity, we can calculate the present value of the cash flows at a discount rate of 10%.
The present value of the cash flows for System A can be calculated as follows:
PV = CF * [(1 - (1 + r)^(-n)) / r]
PV = $6,000 * [(1 - (1 + 0.10)^(-6)) / 0.10]
PV = $6,000 * [(1 - 0.564474) / 0.10]
PV = $6,000 * [0.435526 / 0.10]
PV = $6,000 * 4.35526
PV = $26,131.56
Therefore, the Equivalent Annual Annuity (EAA) for System A is $26,131.56, indicating the annual cash flow that would be equivalent to the cash flows generated by System A over the 6-year period.
Comparing the EAA of System A to the cash flows generated by System B, which are also $6,000 per year, it is clear that System A is the preferred choice since it provides a higher EAA. This means that System A generates a higher equivalent annual cash flow and is the more cost-effective option for Faleye Consulting, considering their WACC of 10%.
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one reason tennis has become popular is because? A. it takes a long time to play the game B. almost anyone can play C. scoring is easy to figure out D. it is a contact sport
The one reason tennis has become popular is because is: B. almost anyone can play.
What are the reasons tennis has become popular?Tennis can be defined as a kind of sport that can be played by people of different ages, genders, and skill levels, making it accessible to a wide range of individuals.
This, combined with its relatively low cost of entry, has contributed to its popularity.
Therefore we can conclude that the correct option is B based on the fact that almost anyone can play tennis.
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Consider the following: DBAs formulate database policies, communicate these policies to users, and enforce them. These policies include: access privileges, security, disaster planning, and archiving. Why is this important? If you were employed as the DBA for our university, what would you suggest as some good mechanisms and rules? What would be your priorities and how would you carry them out?
As a DBA, formulating and enforcing policies is crucial for maintaining the integrity and security of the database. Access privileges, security, disaster planning, and archiving are all important policies to ensure that data is protected from unauthorized access, loss, or corruption.
As a DBA, formulating and enforcing policies is crucial for maintaining the integrity and security of the database. Access privileges, security, disaster planning, and archiving are all important policies to ensure that data is protected from unauthorized access, loss, or corruption. Without proper policies in place, the database can be vulnerable to security breaches, data loss, or other problems.
If I were employed as the DBA for a university, my top priority would be to ensure the security of the database. I would implement strict access control measures to prevent unauthorized access, and regularly review access privileges to ensure that they are appropriate and up-to-date. Disaster planning would also be a key focus, including regular backups and off-site storage to ensure that data can be recovered in the event of a disaster.
In terms of mechanisms and rules, I would recommend regular audits and assessments to identify vulnerabilities and areas for improvement. I would also establish clear procedures for data archiving and retention, ensuring that data is kept for the appropriate length of time and disposed of securely when no longer needed.
Overall, my goal as a DBA would be to establish policies and mechanisms that ensure the database is secure, reliable, and accessible to authorized users. By prioritizing security and disaster planning, and implementing regular assessments and reviews, I would strive to maintain the integrity and availability of the database for the university community.
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Which level of government funds the health care available to Native American tribes and Alaskan Natives
OA. state
OB. federal
OC. local
O D. tribal
Answer:
Explanation:
The Federal Government
The least likely approach in auditing management's estimate relating to an accrued liability is to: Group of answer choices Independently develop an estimate of the amount to compare to management's estimate. Review and test management's process of developing the estimate. Review subsequent events or transactions bearing on the estimate. Send confirmations relating to the estimate.
This approach is the least likely one to be used.
An explanation for this is that sending confirmations may not provide sufficient evidence to support the estimate and may not provide a comprehensive understanding of the process used by management to develop the estimate.
In contrast, independently developing an estimate, reviewing and testing management's process, and reviewing subsequent events or transactions are all more effective approaches to auditing management's estimate.
In summary, the least likely approach in auditing management's estimate relating to an accrued liability is to send confirmations, as it may not provide adequate evidence to support the estimate.
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Read the following descriptions. Decide who demonstrates good habits and attitudes.
Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.
Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.
Answer:
Michael demonstrates good habits and attitude
Explanation:
Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.
_______are independent businesses that do not own the products they sell. They act as intermediaries to brinna
buyers and sellers together
Agents and brokers
Wholesalers
Retailers
Final consumers
Answer:
Agents and brokers
Explanation:
Agents and brokers connect buyers and sellers. They are contracted by either sellers or buyers to help them increase sales or find items to buy. Agents and brokers act on behalf of their clients.
Wholesalers and retailers take ownership of the goods they sell. They first buy the goods, which gives them title to the goods before selling to retailers or consumers. Agent and brokers do not buy goods. They look for buyers or sellers for their clients' merchandise.
Which of the following benefits are employers statutorily required to provide to employees? Choose all that are statutorily required. a) OASDI (Social Security) b) Unemployment Insurance c) Retirement Plan d) Life Insurance
Employers are statutorily required to provide OASDI (Social Security), Unemployment Insurance, and Retirement Plan to employees. The correct option are a, b, and c
Social Security, Unemployment Insurance, and Retirement Plan are some of the benefits employers are statutorily required to provide to employees.
The OASDI stands for Old-Age, Survivors, and Disability Insurance Program. Social Security is a federal program that provides benefits to retired and disabled people, as well as the families of deceased workers. To fund the benefits, employers and employees pay Social Security taxes, which are calculated as a percentage of employees' wages.
Unemployment Insurance (UI) provides financial assistance to workers who have been laid off from their jobs through no fault of their own. The program is funded by a tax on employers and is administered by the state. The benefits vary by state, but they typically last for a few months and provide a percentage of the employee's prior earnings.
A retirement plan is a financial arrangement designed to provide income during retirement. Employers often offer retirement plans as part of their employee benefits package. The most common type of retirement plan is a 401(k), which allows employees to contribute a portion of their income into a tax-deferred account. Employers may also offer pensions or other types of retirement plans.
Hence, the correct options are a,b, and c.
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A. Multiple Choice: Choose the correct 1. Many farmers may forget to check the troubleshooting section, which can cost them even more time out of the field. a. Not reading the Operator's Manual b. Improper Maintenance c. Poor electrical connection d. Overrunning machines capability e. Not replacing wom out when needed
Answer:
E.Not replacing whom out when Needed
In the Keynesian cross model, assume that the consumption function is given by C = $235 +0.7(Y-T) Planned investment is $50; government purchases and taxes are both $50. c. If government purchases increase to $65, what is the new equilibrium income? What is the multiplier for government purchases? new Y= $ multiplier: C = $235 +0.7(Y-T) Planned investment is $50; government purchases and taxes are both $50. d. What level of government purchases is needed to achieve an income of $1160? Assume taxes remain at $50. G=S e. What level of taxes is needed to achieve an income of $1160? Assume government purchases remain at $50. T-S
In the Keynesian cross model, aggregate expenditure (AE) is determined by the sum of consumption (C), investment (I), government purchases (G), and net exports (NX). The equilibrium level of income (Y) occurs when AE equals the total output (Y). The consumption function is given by C = $235 + 0.7(Y - T), where T represents taxes.
c. If government purchases increase to $65, we can calculate the new equilibrium income by equating AE to Y and solving for Y. Given that planned investment is $50 and taxes (T) are $50, we have:
AE = C + I + G + NX
AE = ($235 + 0.7(Y - $50)) + $50 + $65 + NX
AE = $235 + 0.7Y - $35 + $50 + $65 + NX
AE = $315 + 0.7Y + NX
At equilibrium, AE = Y, so we can set $315 + 0.7Y + NX = Y and solve for Y:
Y = $315 + 0.7Y + NX - Equation (1)
The multiplier for government purchases can be calculated as the change in equilibrium income divided by the change in government purchases. In this case, the change in government purchases is $65 - $50 = $15, and the change in equilibrium income can be found by substituting the new government purchases value into Equation (1) and solving for Y.
d. To achieve an income of $1160, we need to determine the level of government purchases that will result in that income level. We can set Y = $1160 in Equation (1) and solve for G:
$1160 = $315 + 0.7($1160) + NX
Similarly, to determine the level of taxes needed to achieve an income of $1160 while keeping government purchases at $50, we can set Y = $1160 and solve for T in the consumption function:
$1160 = $235 + 0.7($1160 - T)
Solving these equations will give us the specific levels of government purchases and taxes required to achieve the desired income level.
Note: The calculation of net exports (NX) and the interpretation of the results may vary depending on the specific assumptions and context of the Keynesian cross model.
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if an agent makes additional money in a transaction but doesn't tell his or her principal, it is called: group of answer choices d. none of the above. c. a good business deal. a. an online money fund. b. a secret profit.
If agent is making additional-money in transaction but does not tell his principal, then it is called : (b) a secret profit.
When an agent makes additional-money in a transaction without disclosing it to their principal, it is commonly referred to as a secret profit.
It refers to the agent's unauthorized gain or benefit that they keep hidden from the principal, violating their fiduciary duty and acting against the principle of good faith and loyalty in the agent-principal relationship.
Secret-profits are generally considered unethical and can be a breach of the agent's duties and legal obligations.
Therefore, the correct option is (b).
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The given question is incomplete, the complete question is
If an agent makes additional money in a transaction but doesn't tell his or her principal, it is called:
(a) an online money fund.
(b) a secret profit.
(c) a good business deal.
(d) none of the above.
short-term notes receivable are reported in the current assets section of the balance sheet. group of answer choices true false
Short-term notes receivable are reported in the current assets section of the balance sheet is a true statement.
On the balance sheet, where do short-term notes receivable belong?If the notes receivable's life is less than a year, they are often listed as an account on the balance sheet in the current assets column. A written commitment to receive money at a later time is known as a note receivable. Principal plus interest typically make up the total amount of money.
Therefore, A promissory note is another name for a note that is due. On the balance sheet of the business to whom the note is owed, a note that is due in less than a year is regarded as a current asset. It is regarded as a non-current asset if its due date is greater than a year from now.
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ROTO
Jbel and Los are having a disagreement over one of the stock investments, which just lost 15 percent in a short period of time. Le has a very high but he has a low c
What would be argue (Sport)
O amore stock at the lower price
Hang onto the stock until the price climbs again
Sel half of the stand invest in a more relable company
O Sel all of the stock bere
es more value
Jbel may argue that they should hold onto the stock until the price climbs again, as there is potential for the stock to increase in value in the future.
What is argue?Argue is a form of communication expressed through discussion, debate, and reasoning. It is a way of presenting a point of view and trying to convince others to agree with it. When people argue they use facts, logic, and sometimes emotion to support their position. Arguing is an important form of communication, as it allows people to discuss differing opinions in a respectful and productive manner. It is used to resolve conflicts or make decisions on certain topics. In addition, arguing allows people to understand and appreciate different perspectives, and it can promote critical thinking.
Le may argue that they should sell half of the stock and invest in a more reliable company, as the stock has already lost 15 percent in a short period of time and there is no guarantee that the stock price will increase. Alternatively, Le may suggest selling all of the stock altogether, as this provides the greatest potential for a return on the investment.
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Identify the distinctive characteristics of management consultancy Critically reflect upon the various reasons for hiring management consultants Distinguish the function list and the critical perspective on management consultancy Distinguish different forms of consultancy 5. Identify and assess the different roles of management consultancy
Reasons for hiring management consultants can vary depending on the specific needs of the organization. Some common reasons include: Objective Perspective, Specialized Knowledge and Expertise, Resource Augmentation, Change Management, etc.
Objective Perspective: Management consultants provide an unbiased and external viewpoint, helping organizations identify blind spots and overcome internal biases.
Specialized Knowledge and Expertise: Consultants bring in-depth industry knowledge and expertise in specific areas such as strategy, operations, technology, or organizational development, which may not be available internally.
Resource Augmentation: Organizations often hire consultants to supplement their existing resources, especially during times of high workload or when specific skills are required for a project.
Problem Solving and Innovation: Consultants excel at solving complex problems and developing innovative solutions, leveraging their experience and analytical capabilities.
Change Management: Consultants assist organizations in managing and implementing change initiatives, helping to mitigate resistance, and ensuring smooth transitions.
Cost-effectiveness: Hiring consultants for short-term projects can be more cost-effective than hiring full-time employees with specialized skills, especially when the organization does not require ongoing support.
Time Efficiency: Consultants bring efficiency to projects, leveraging their experience and proven methodologies to accelerate project timelines and deliver results more quickly.
It's important to note that while there are benefits to hiring management consultants, organizations should carefully evaluate their specific needs and consider the potential drawbacks, such as the cost of engagement and the need for effective collaboration and knowledge transfer.
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Culver City College, a public college, has a 10-week summer session that starts on June 25, 2020, so that one week is held during FY 2020 and the other nine weeks meet during FY 2021. Tuition and fees in the amount of $1,000,000 were collected from students for classes to be conducted in this session.
Required:
What amount should Culver City College recognize as unrestricted revenue in each of the years ended (FYE) June 30, 2020 and June 30, 2021?
Based on the information given, the amount that will be recognized as unrestricted revenue in each of the years will be $100,000 and $900,000.
Unrestricted revenue simply means the donations that can be used by a company or group for purposes that meet the goals that were set aside.
From the information, the unrestricted revenue in June 30, 2020 will be:
= 10% × $1,000,000
= $100,000
The unrestricted revenue for June 30, 2021 will be:
= $1,000,000 - $100,000
= $900,000
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True Stories Company sold the rights to a documentary film. They are expecting significant revenue in Year 1. The revenue stream is expected to decrease steadily until it reaches zero in Year 5. Based on this Which depreciation method should be used to most closely match the expense to the revenue stream the asset produces
The best depreciation method for this company is the double-declining-balance
In economics, depreciation occurs when a product gradually loses its value. The most common causes of depreciation are:
The product becomes obsoleteWear and tear of the productThe product's popularity decreasesMoreover, there are different methods to understand this decline in value that include:
Double-declining balanceStraight lineUnits-of-productionThe double-declining balance method implies depreciation is not constant over the years but as years pass the depreciation increases. This method applies to True Stories Company because it is expected the documentary film becomes less and less popular every year, and therefore depreciation is accelerated not constant.
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Samir is having many problems with his current marketing team. There seems to be a lot of mistakes and misunderstandings between team members which is leading to a lot of conflict and hampering the team’s ability to perform well. What characteristic is Samir’s team MOST likely having trouble with?
There is lack of Teamwork in Samir's team.
How to deal with the barriers of teamwork ?Teams, by virtue of their collaborative character, are prone to mistakes that people working alone are not. Team members may not always get along, and concentrating everyone's attention on a common goal can be difficult. This makes it difficult to complete duties as quickly and effectively as feasible.
The team's size can occasionally have an impact on how well it works. A larger team requires more sophisticated coordination and communication than a smaller one. Due to its complexity, judgments may need to consider more information, meetings may be harder to schedule, and tasks may take longer to accomplish.
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Which is a short term consequence of making a late payment on your bill
Answer:
There will be a late fee added to the bill.
Answer:
just if you don't think the person on top of me is right he is I did the quiz and got a 100%
Explanation:
During times of a need, such as following a natural disaster, firms will overcharge for certain items or services, knowing customers will pay the higher cost due to lack of options. This unethical pricing practice is known as:.
The name of unethical practice that firms engage in when they overcharge for certain items or services is known as price gouging.
What is an Unethical Practise?This refers to the behavior which is shown to have no honor and respect for due process and is usually done in order to make a quick profit to the detriment of others.
Hence, we can see that when there are natural disasters or situations when there are uncertain situations, some firms actually overcharge for certain items or services, knowing customers will pay the higher cost due to a lack of options and this is known as price gouging.
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Allied In. bought a two-year insurance policy on August 1st for $3,600. What's the adjusting journal entry on December 31st?
Answer:
1. Debit Insurance Expense- $500 Credit Prepaid Insurance $500
2. $160 Beginning...
Roland had revenues of $611,000 in March. Fixed costs in March were $211,130 and profit was $51,600.
a). What was the contribution margin percentage?
b.What monthly sales volume (in dollars) would be needed to break-even?
c.What sales volume (in dollars) would be needed to earn $169,420?
a). The contribution margin percentage is 42.98%
b. The monthly sales volume (in dollars) would be needed to break-even is $491,289
c. The sales volume (in dollars) would be needed to earn $169,420 is $885,417
How to calculate the contribution margin percentagea) To calculate the contribution margin percentage, first find the total variable costs by subtracting fixed costs and profit from the revenues:
Total variable costs = Revenues - Fixed costs - Profit
Total variable costs = $611,000 - $211,130 - $51,600 = $348,270
Next, calculate the contribution margin, which is the difference between revenues and total variable costs:
Contribution margin = Revenues - Total variable costs
Contribution margin = $611,000 - $348,270 = $262,730
Now, find the contribution margin percentage by dividing the contribution margin by revenues:
Contribution margin percentage = (Contribution margin / Revenues) × 100%
Contribution margin percentage = ($262,730 / $611,000) × 100% ≈ 42.98%
b) To find the break-even sales volume, use the formula:
Break-even sales volume = Fixed costs / Contribution margin percentage
Break-even sales volume = $211,130 / 0.4298 ≈ $491,289
c) To find the sales volume needed to earn $169,420, first calculate the total costs (fixed costs + desired profit):
Total costs = Fixed costs + Desired profit
Total costs = $211,130 + $169,420 = $380,550
Now, find the sales volume by dividing the total costs by the contribution margin percentage:
Sales volume = Total costs / Contribution margin percentage
Sales volume = $380,550 / 0.4298 ≈ $885,417
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The value-percept theory utilizes three critical psychological states to measure job satisfaction. Indicate whether this statement is true or false.
The statement is true. The value-percept theory of job satisfaction, developed by Timothy A. Judge and colleagues, posits that there are five critical job facets that influence overall job satisfaction: pay satisfaction, promotion satisfaction, coworker satisfaction, supervision satisfaction, and satisfaction with the work itself. These facets are considered to be value-based perceptions that individuals form regarding their jobs.
The statement is true. The value-percept theory, also known as the Job Characteristics Model, does indeed utilize three critical psychological states to measure job satisfaction. These states are:
Meaningfulness of Work: This refers to the extent to which individuals perceive their work as meaningful and significant. It is influenced by factors such as the importance of the work and the impact it has on others.
Responsibility for Outcomes: This state relates to the degree of autonomy and control individuals have over their work and the outcomes they produce. It encompasses factors such as decision-making authority and the ability to influence results.
Knowledge of Results: This state pertains to the feedback individuals receive about their performance and the extent to which they are aware of the outcomes of their efforts. It involves elements like performance feedback and the clarity of information regarding job performance.
By assessing these three psychological states, the value-percept theory aims to understand and predict an individual's job satisfaction.
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31. the delaware river joint toll bridge commission increased the toll on the bridges on route 22 and interstate 78 from new jersey to pennsylvania from $.75 to $1.25. use the information in the table to answer the questions. (assume that nothing other than the toll change occurred during the months that would affect consumer demand.) number of vehicles crossing the bridges month toll route 22 bridge november $.75 519,347 728,032 interstate 78 bridge december $1.25 433,699 656,267 a) calculate the price elasticity of demand for each bridge. b) the total revenue collected by the commission from these bridges in november was . the total revenue collected by the commission from these bridges in december was . how do your findings relate to your answers in part a?
The price elasticity of demand for the Route 22 Bridge is -1.055 for a), and the price elasticity of demand for the Interstate 78 Bridge is -0.862 for b)
Calculating the price elasticity of demand for each bridge.Using the formula for calculating price elasticity of demand,ε = (% change in quantity demanded) / (% change in price).The percentage change in the quantity demanded of the Route 22 Bridge would be:
\(\Delta Q/ Q1 = (728,032 - 519,347) / 519,347= 0.4\), or 40%.
The percentage change in the price of the Route 22 Bridge would be:
\(\Delta P/ P1 = (1.25 - 0.75) / 0.75= 0.667\), or 66.7%.
Therefore, the price elasticity of demand for the Route 22 Bridge would be:
\(\epsilon = (0.4 / 0.667) = -1.055\).
The percentage change in the quantity demanded of the Interstate 78 Bridge would be:
\(\Delta Q/ Q1 = (656,267 - 433,699) / 433,699= 0.512\), or 51.2%.
The percentage change in the price of the Interstate 78 Bridge would be:
\(\Delta P/ P1 = (1.25 - 0.75) / 0.75= 0.667\), or 66.7%.
Therefore, the price elasticity of demand for the Interstate 78 Bridge would be:
\(\epsilon = (0.512 / 0.667) = -0.862\).
Part b)Calculating the total revenue collected by the commission from these bridges in November and December.The total revenue collected by the commission from the bridges on Route 22 and Interstate 78 in November was:
\(TR = P * Q= 0.75 * (519,347 + 728,032)= $820,789.25\)
The total revenue collected by the commission from the bridges on Route 22 and Interstate 78 in December was:
\(TR = P * Q= 1.25 * (433,699 + 656,267)= $1,249,832.50\)
Findings in part a) The price elasticity of demand for the Route 22 Bridge and the Interstate 78 Bridge is negative. As a result, the bridges' total revenue should increase as a result of a price increase. Because the elasticity of demand for the Route 22 Bridge is more inelastic than that of the Interstate 78 Bridge, the Route 22 Bridge's total revenue increase was smaller than the Interstate 78 Bridge's total revenue increase.
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Why is it important that an auditor should have CA (SA) qualification
Auditors must have extensive accounting knowledge and practical experience. A Chartered Accountant (CA) is a professional who has completed the required academic qualifications, experience, and practical training to qualify as an auditor and become a member of their country's Institute of Chartered Accountants (ICA).
It is critical that an auditor has a CA (SA) qualification for the following reasons:1. The standard of a CA (SA) qualification is known to be very high, and it requires significant time, dedication, and effort to complete. A candidate must complete a four-year degree, complete practical training, pass several board examinations, and complete a certain number of hours of practical work experience to obtain the CA (SA) qualification.2. The CA (SA) qualification has a strong reputation for professionalism, and its members must adhere to strict ethical standards.
As a result, the qualification is well-respected in the accounting and auditing professions, both nationally and internationally.3. The South African Institute of Chartered Accountants (SAICA) provides auditors who have the CA (SA) qualification with continuous professional development, updates on regulatory changes, and other valuable information. This means that auditors are kept up-to-date on new developments and the latest trends in the industry.4. The CA (SA) qualification provides auditors with a thorough understanding of accounting principles and financial reporting requirements.
This knowledge is critical when it comes to auditing financial statements because it allows the auditor to identify any discrepancies or irregularities.5. In South Africa, the Companies Act requires that audits of financial statements must be conducted by a registered auditor who has the CA (SA) qualification. The purpose of this is to ensure that only qualified and competent auditors are responsible for the audit of financial statements.
The CA (SA) qualification is highly regarded, and it provides auditors with extensive knowledge, practical experience, and ethical standards. As a result, it is critical that an auditor has this qualification.
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Education Career Video Assignment
In order to complete this assignment, you must first watch at least 3 of the 5 videos that are in the course under MODULE 3.01. After you have watched them, answer the following questions about 3 of the 5 jobs you learned about. Once you are finished save your file. Then upload it to the Education Careers Video Assignment dropbox.
Name:
Video #1
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #2
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #3
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Have you ever bought something you thought would make you happy, but in the end it didn't?
Answer:
ummmmmmmmmm yea, but it's all cool now hbu
Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment?
Answer: $7,500 preferred stock, $12,500 common stock
Explanation:
Given that:
Total cash Dividend = $20,000
Preferred stock:
5,000 shares of $15-par, 10%
Therefore ;
preferred stock balance = number of share × price × rate
5000 × $15 × 0.1 = $7,500
Balance of common stock is therefore ;
Total cash Dividend - balance of preferred stock
$20,000 - $7,500 = $12,500