At the beginning of the year, manufacturing overhead for the year was estimated to be $275,280. At the end of the year, actual direct labor-hours for the year were 22,900 hours, the actual manufacturing overhead for the year was $265,400, and manufacturing overhead for the year was overapplied by $18,560. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.) a. 22,900 direct labor-hours
b. 21,800 direct labor-hours
c. 20,700 direct labor-hours
d. 22,200 direct labor-hours
Answers
we can calculate the predetermined overhead rate as follows: Estimated direct labor-hours at the beginning of the year = Estimated direct labor-hours - Actual direct labor-hours Estimated direct labor-hours at the beginning of the year = 25,500 hours - 22,900 hours
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor-hours
Predetermined overhead rate = $275,280 / estimated direct labor-hours
To find the estimated direct labor-hours, we can rearrange the equation as follows:
Estimated direct labor-hours = Estimated manufacturing overhead / Predetermined overhead rate
We are given the actual manufacturing overhead for the year ($265,400) and the overapplied manufacturing overhead for the year ($18,560), so we can calculate the actual manufacturing overhead applied to production as follows:
Actual manufacturing overhead applied = Actual manufacturing overhead - Overapplied manufacturing overhead
Actual manufacturing overhead applied = $265,400 - $18,560
Actual manufacturing overhead applied = $246,840
We are also given the actual direct labor-hours for the year (22,900 hours). Using this information and the actual manufacturing overhead applied to production, we can calculate the actual predetermined overhead rate as follows:
Actual predetermined overhead rate = Actual manufacturing overhead applied / Actual direct labor-hours
Actual predetermined overhead rate = $246,840 / 22,900 hours
Actual predetermined overhead rate = $10.79 per direct labor-hour
Now, we can use the actual predetermined overhead rate and the estimated manufacturing overhead to find the estimated direct labor-hours at the beginning of the year:
Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor-hours
$10.79 per direct labor-hour = $275,280 / Estimated direct labor-hours
Estimated direct labor-hours = $275,280 / $10.79 per direct labor-hour
Estimated direct labor-hours = 25,525.41 hours
Rounding this answer to the nearest hundredth gives us an estimated direct labor-hours of 25,500 hours. However, we need to find the estimated direct labor-hours at the beginning of the year, so we must subtract the actual direct labor-hours for the year:
Estimated direct labor-hours at the beginning of the year = Estimated direct labor-hours - Actual direct labor-hours
Estimated direct labor-hours at the beginning of the year = 25,500 hours - 22,900 hours
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Related Questions
There is a difference between Ethics and Law.
Write a paragraph explaining what ETHICS are and write a paragraph explaining what the LAW is.
Then write a paragraph on how ethics and law are similar and write a paragraph on how ethics and law are different.
You will be writing a total of 4 paragraphs. In your explanation paragraphs, you should include examples as well.
Answers
Answer:
Ethics are a thing of morals. They are someone's beliefs and opinions on what is right and wrong, and differ from person to person. Ethics are decided based on a persons upbringing, experiences, and social status; other things also play a part, but these are usually the most decisive factors. Ethics govern one's behaviour; people live their lives in many different ways based on these principals, despite the fact that a lot of the time there is no law telling them to, e.g. someone not swearing because they think it's wrong, despite there being nothing prohibiting them from doing so.
Law is the system of rules which a country and its inhabitants must abide. Laws are in place to make everyone behave "correctly", and while they do limit the actions of many, some do break them. If a person refuses to follow the law, or breaks one of them, they are punished either with a fine, jail time, and in some places, death.
Both ethics and law are meant to stop someone from behaving a certain way. They are both a set of rules, and while some of those rules are bent or broken in both cases, for the general population they do their job in making sure the person they're trying to control actually listen. You could also say both come with the threat of penalty if disobeyed; breaking the law is often followed by fines and sometimes jail time, breaking your ethics is often followed by intense feelings of guilt and sometimes effects on ones mental health.
However, unlike ethics, laws do not differ from one person to another, and are the same for everyone living in the subject country. For example, the law prohibiting murder applies to everyone, but the ethical choice not to smoke doesn't. Both have effects on peoples lives and how we all behave, but law is imposed by the government and is something that must not be broken, while you personally decide whether or not it's okay to break your morals; your ethics change as you grow and mature as a person, your laws do not.
Step-by-step explanation:
i hope this is okay! i dont take this subject but ive been told im okay at writing, so im hoping it makes enough sense. its like 3am for me so im putting any spelling or grammar mistakes down to that lol. sorry if its not right! have a nice day/night
A(n) ________ is an internet business model that provides an initial point of entry to the web along with specialized content and other services
Answers
Answer:
Portal
found this answer on a site that helps me
a firm looking to quickly adjust its market share or revenue would change which element of the marketing mix?
Answers
A company that wants to quickly change its revenue or market share would change a part of the marketing mix price.
When a company gains market share, what does it do?
A company begins to dominate an industry when its market share grows. A company can exercise certain powers, such as increased bargaining power, with increased industry dominance.With suppliers and members of the distribution channel, the company begins to gain the upper hand and can negotiate to its advantage.
Pricing is the only part of the marketing mix that brings in money; the other three are cost centers, or they make a company more expensive.The business model is strongly correlated with pricing.The company's revenue streams are conceptually represented in the business model.
How important is price in the marketing mix?
Price is probably the most important part of the marketing mix because it ultimately decides how much money a company makes and how long it stays in business.
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helpppppppppppppppppppppppppp
Answers
A graph titled Funding for House Elections 2011 to 2012 shows parties on the horizontal axis and dollars (hundreds of millions) on the vertical axis. Approximately 610 of Republican funding was total raised, 200 was P A C funding, and 350 was individual funding. Approximately 490 of Democratic funding was total raised, 165 was P A C funding, and 290 was individual funding.
Look at this graph, showing funding for campaigns for election to the House of Representatives, 2011–2012.
What is the most logical conclusion that can be drawn from this graph?
Both parties are dependent on raising huge sums of money to fund their House campaigns.
PAC spending is not a significant factor when it comes to raising money for House campaigns.
The Democrats will always raise more money for House campaigns from individuals than the Republicans will.
Campaign funding laws have reduced the amount of money needed to fund House campaigns.
Answers
Answer: Both parties are dependent on raising huge sums of money to fund their House campaigns.
Explanation:
Campaigning for office is no cheap endeavour as many politicians have seen and noted. Money needs to be spent on everything from renting venues to buying stationary and so the politicians turn to donors to help.
Regardless of party affiliation, this is the reality for political campaigns which is why both parties rely on huge sums of money to fund campaigns like for the U.S. House of Reps. This is confirmed by the graph described above that shows the hundreds of millions of dollars being used to campaign for the House.
Answer:
A
Explanation:
Renter Expenses
What expenses do you need to budget for if you choose to rent a home? Check all that apply.
a mortgage payment
a rent payment
homeowners insurance
renters insurance
property taxes
a security deposit
utility payments
Answers
When choosing to rent a home, the following expenses should be considered and budgeted for:
Rent payment: The primary expense when renting a home is the monthly rent payment, which is typically paid to the landlord or property management company.Renters insurance: Renters insurance is a type of insurance that provides coverage for personal belongings and liability protection in case of accidents or damages within the rented property. It is generally recommended for tenants to protect their belongings.Security deposit: Most landlords require tenants to pay a security deposit upfront, which serves as a form of protection for the landlord against any potential damages or unpaid rent. The security deposit is usually refundable at the end of the tenancy, provided there are no damages beyond normal wear and tear.Utility payments: As a renter, you will likely be responsible for paying utilities such as electricity, water, gas, and possibly other services like internet and cable. These costs can vary depending on the size of the property and your usage.Homeowners insurance: Homeowners insurance is not an expense for renters. It is typically of the property owner to have insurance coverage for the property itself, including the structure and any liabilities associated with it.In summary, when renting a home, you need to budget for rent payment, renters insurance, security deposit, and utility payments. Homeowners insurance and property taxes are not expenses that renters typically have to pay.
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Answer:
b, d, f, g
Explanation:
One of the following is against the business ethics. Find it.
a) Charging fair price for the product.
b) Giving wages to employees if by not considering their work load. c) Using correct measurement for products
d) Giving chances to hear the problems of employees.
Answers
You are the operations manager for American Airlines, and you are considering a higher fate level for passengers in alisle seats. You want to estimate the percentage of passengers who now prefer aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 95% confident that the sample percentage is within 25 percentage points of the true population percentage. a. Assume that nothing is known about the percentage of passengers who prefer aisle seats.
Answers
To estimate the percentage of passengers who prefer aisle seats with 95% confidence and a 25% margin of error, you would need to survey a minimum of 385 randomly selected air passengers.
This sample size ensures a reasonable representation of the population and provides a reliable estimate. The calculation is based on the formula:
\(n = (Z^2 * p * (1-p)) / E^2\)
Where:
- n is the required sample size
- Z is the Z-score for a 95% confidence level (approximately 1.96)
- p is the estimated proportion of passengers who prefer aisle seats (unknown in this case, so we assume 0.5 for the worst-case scenario)
- E is the desired margin of error (25% or 0.25)
Substituting these values into the formula, we get:
\(n = (1.96^2 * 0.5 * (1-0.5)) / 0.25^2 ≈ 384.16\)
Since we can't have a fraction of a passenger, rounding up gives us a sample size of 385.
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Which of the following terms describes the type of marketing information
system that supports personal-selling activities such as prospecting and
account maintenance?
A. Inventory control
B. Database marketing
C. Marketing mix monitoring
D. Customer relationship management
Answers
Answer:
Customer relationship management
Explanation:
The terms that describe the type of marketing information system that supports personal-selling activities such as prospecting and account maintenance is Customer relationship management. Thus, option D is correct.
What is Customer relationship management?Customer relationship management (CRM) is a system that allows you to manage all of your company's relationships and interactions with current and prospective customers. The purpose is straightforward: to strengthen commercial ties. A CRM system assists businesses in staying connected to customers, streamlining procedures, and increasing profitability.
Customer relationship management is the phrase used to define the sort of marketing system that facilitates personal-selling operations like prospecting and account maintenance. As a result, option D is correct.
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Your company is looking at purchasing a front-end loader and has narrowed the choice down totwo loaders. Loader 1 costs $150,000 with a useful life of seven years with a salvage value of
$10,000 at the end of the seventh year. Loader 2 costs $110,000 with a useful life of five years
with a salvage value of $10,000 at the end of the fifth year. The annual profit for either one is
$20,000. Using a MARR of 20%, which alternative should your company buy?
Answers
Based on the provided information and a minimum attractive rate of return (MARR) of 20%, the company should choose Loader 1 over Loader 2 for purchase.
To determine the better option, we need to calculate the present worth (PW) of each loader and compare them. Loader 1 has a useful life of seven years, and Loader 2 has a useful life of five years.
Both loaders have a salvage value of $10,000 at the end of their respective lifespans.
For Loader 1, the initial cost is $150,000, and the annual profit is $20,000.
Using the MARR of 20%, we can calculate the annual equivalent worth (AE) of the annual profit using the formula AE = (Annual Profit - Salvage Value) / (1 + MARR)^n, where n is the number of years. Substituting the values, AE1 = ($20,000 - $10,000) / \((1 + 0.20)^7\)= $9,090.91.
For Loader 2, the initial cost is $110,000, and the annual profit is also $20,000. Similarly, calculating the AE, we get AE2 = ($20,000 - $10,000) / (1 + 0.20)^5 = $10,909.09.
To find the PW, we multiply the AE by the appropriate factor: PW = AE * (1 + MARR)^n. For Loader 1, PW1 = \($9,090.91 * (1 + 0.20)^7\) = $53,527.19. For Loader 2, PW2 = $10,909.09 * (1 + 0.20)^5 = $55,114.80.
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One of the limitations for an entrepreneur of setting up a new business as a franchise is:
Answers
Answer:
The first and most significant disadvantage of a franchise is the fact that the franchisee has no control of the business or how it is run (or very limited control). The rules of the business are already established and part of the franchise agreement.
Charitable donations, entertainment expenses, and
financial goals are all examples of...
things to consider when creating a budget.
things that are considered needs.
activities that contribute to overspending.
activities that are necessary for a healthy lifestyle.
Answers
Answer: Things to consider when creating a budget.
Explanation: Trust me bro
Giving donations, entertainment costs, and financial goals are all examples of the things to consider when creating a budget. As donation and entertainment expenses can be the measures to control the budgeting.
How making budget is helpful?Budget keeps the person spending tightly accurate to the mark and like to help in saving of the money. It facilitates the person income and expenses equally and shows how much person can spend on the specific thing.
Budget cuts the extra expenses of the person and provide the measurement of spending.
Thus, option A is correct.
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You received a great money-saving credit card offer in the mail, complete with a rewards program. After you read on further, however, you find that the one dollar spent for every mile earned may not be such a great offer after all, since getting a $500 airline ticket only happens after you first acquire 25,000 miles (spending $25,000 to do so). This is a ________ schedule. fixed-ratio variable-interval variable-ratio fixed-interval
Answers
Answer: variable-ratio
Explanation:
Based on the information given, since getting a $500 airline ticket only happens after one acquire 25,000 miles (spending $25,000 to do so), this is Variable ratio schedule.
Variable-ratio schedule is regarded as a form of reinforcement which occurs when there is a reinforcement of a response when there are different responses that are unpredictable and this lead to a high number of responses. An example is lottery and gambling.
The Us Joint has an 18% market share of the fast-food market in India. The market is worth $12
million per year. Calculate the annual sales of Js Joint? *
O 18%
O $12 Million
O 2.16 Million per year
Answers
Answer:2.16 Million per year
Explanation: 12million times 18%
The annual sale of the company Us Joint is 2.16 Million per year. Thus, option fourth is correct.
What is the meaning of market share?Market share is the proportion of an industry's or market's total revenues achieved by a certain business over a given time period.
Market share is derived by dividing the company's sales for the period by the industry's total sales over the same period. A company's market share is defined as its sales as a proportion of overall industry revenues.
A company's market share may be calculated by dividing its total sales revenue by the total sales of the industry over a fiscal year.
According to the question, market share of the fast-food market in India is 18%. The market is worth $12 million per year.
The annual sale of the company is computed as follows:-
Annual sale = Market worth × Percentage of Market share
= $12 million × 18%
= $2.16 Million per year
Therefore, it can be concluded that The yearly revenue of the firm Us Joint is $2.16 million. Hence, option fourth is correct.
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Why are professional organization websites a useful resource you can use in a job search for a career in hospitality and tourism?
A) They offer virtual gatherings where you can interview for jobs without leaving the house.
B) They provide crucial trainings for specific job skills in the hospitality and tourism industry.
C) They will often advertise job opportunities with instructions on how to apply for positions.
D) They work with companies to help them find the best candidates for open positions.
Answers
Professional organization websites a useful resource you can use in a job search for a career in hospitality and tourism: They offer virtual gatherings where you can interview for jobs without leaving the house. Thus, option A is the correct option.
Websites of professional organizations are a good source to consult while looking for employment in the hotel and tourist industry: They provide virtual events where you may apply for employment without leaving your home. Indeed.com, Glassdoor.com, LinkedIn.com, and Go/ogle for Jobs are the top job search engines.
You may upload your resume on the majority of popular job seeking websites. When they come across positions that match your stored job searches, they'll also let you know. Join a few of the top job boards, but don't utilize them all.
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If you know you are at risk of becoming unemployed, you should _____. a. wait until you officially lose the job to worry b. get additional education to learn new skills c. spend all your money while you are still making it d. ignore the economy, because it is always changing
Answers
Answer:
B is the smartest option
The correct option is B. If you know you are at risk of becoming unemployed, you should get additional education to learn new skills.
When done properly, skill development can lower unemployment and underemployment, boost productivity, and raise living standards. It makes economic sense to assist people in expanding and updating their skill sets.
What is the importance of skills?Enhances communication, time management, and negotiation abilities, as well as the ability to expand one's professional network. Talent Development: Skills are something that can be learned. People can find, develop, and nurture their intrinsic talent in the preferred sector with the aid of skill training.
Fundamentally, skills development helps people to pick up new talents in order to find employment and possibly launch a lifetime career. Youth are especially vulnerable to unemployment in our country, which affects 29% of the population; 55.2% of those between the ages of 15 and 24 are jobless.
The best choice is B. If you are aware that you could lose your job, you should continue your education to pick up new skills.
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In an exploration of the idea for Rent the Runway, which offers rentals of designer dresses, what part of the basic storyboarding framework highlights the fact that most women cannot afford designer clothes
Answers
The part of the basic storyboarding framework that highlights the fact that most women cannot afford designer clothes is the "Identify the Need" stage.
This is where the problem or need is identified, which in this case is the fact that most women cannot afford to purchase expensive designer dresses for special occasions. This stage sets the foundation for the rest of the framework, including the development of the solution, which in this case is the rental of designer dresses through Rent the Runway. By recognizing the need, the founders of Rent the Runway were able to create a unique business model that provides an affordable solution for women to wear designer dresses without having to make a large financial investment.
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A small business earns a profit of $6500 in January and $17,500 in May. What is the rate of change in profit for this time period? Explain.
Answers
The rate of change in profit for this period is 169.23%.
What is the rate of change?The rate of change shows the ratio or proportionality by which a value changes in relation to another.
We can determine the rate of change by dividing the difference in value by the former value and multiplying the quotient by 100.
Profit earned in January = $6,500
Profit earned in May = $17,500
Change in profit = $11,000 ($17,500 - $6,500)
Rate of change = 169.23% ($11,000/$6,500 x 100)
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List the six areas of interest.
Answers
Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation:
The value of the consumer price index (cpi) is always equal to ______________ in the base year.A. 1000B. 100C. 10D. 1
Answers
The value of the consumer price index (cpi) is always equal to 100 the base year. The correct option is B.
What is The Consumer price index?The Consumer price index measures the aggregate price of goods and services that people buy over time. The value of the consumer price index (cpi) is always equal to 100 in the base year. It acts as the standard against which future.
Consumer price index value is compared. It is used to track the rate of inflation and the cost of living in a country. For example: If the Consumer price index (CPI) for next year is 110, it simply means that the rate of inflation is 10%.
In conclusion, the correct option is B.
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Discuss the need for blood pressure monitoring in regard to hypo-
or hypertension. What is the normal range for blood pressure?
Answers
Blood pressure monitoring is essential for both hypo- and hypertension. Hypertension, or high blood pressure, is a silent condition that can lead to serious health problems, including heart disease and stroke.
Hypotension, or low blood pressure, can cause dizziness and fainting. The normal range for blood pressure is typically around 120/80 mmHg. Hypertension: Monitoring blood pressure is crucial for detecting and managing hypertension. High blood pressure often has no noticeable symptoms but can cause damage to blood vessels and organs over time. Hypotension: Monitoring blood pressure is important in cases of hypo tension as well. Low blood pressure can result in inadequate blood flow to organs and tissues, leading to symptoms such as dizziness, weakness, and fainting. Normal range: The normal range for blood pressure is typically considered to be around 120/80 mmHg. The systolic pressure (top number) represents the pressure in the arteries when the heart contracts, while the diastolic pressure (bottom number) represents the pressure when the heart is at rest.
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A plant nursery is having a sale. Potted begonias are marked down 27%, and tomato seedlings are marked down 35%. If you pay $6.57 each for two potted begonias and $2.60 each for three tomato seedlings, how much did you save? a. $3.83 b. $5.31 c. $6.92 d. $9.06 Please select the best answer from the choices provided A B C D
Answers
Answer:
d. $9.06
Explanation:
Potted begonias were purchased at $6.57 each. It means that $6.57 represents the original price less 27% discount.
$6.57 equal to 73% of the original price.
The original price is $6.57/73 x 100
=0.09 x 100
=$9.
Tomato seedlings cost $2.60 each.
$2.60 represents the original price less 35% discount
$2.60 is the equivalent of 65% of the original price.
100 % = 2.60/65 x 100
=0.04 x 100
=$4
Total savings will be as follows.
Each Potted begonias saves $9 - $6.57= $2.43
two potted begonias save $2.43 x 2 =$4.86
Each tomato seedlings saves $4-$2.60= $1.40
Three tomato seedling will save = $1.40 x 3 = $4.2
Total savings will be $4.86 + $4.2= $9.06
Answer:
D on ED2021
Explanation:
Got it right 2021 ED
Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answers
Answer:
D) wait until the contract has ended
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Viewability is the probability that an ad is going to be seen by a user. If its calculated that an impression will be viewable 20% of the time, will the bidder likely be willing to pay 20% of the base bid? For example, $5 base bid x 20% viewability = $1.00 (the actual value of the impression):
Answers
Answer: YES
Explanation:
Viewability allows bidders or advertisement owners to pay only for ads which can be seen by the users. It could be interpreted to be a metric which identifies the proportion or probability that an ad will be visible to the users and only the percentage proportion of visible ads is charged. Just like in the example above.
With a Viewability rate of 20%,
Base bid of $5,
Therefore, the bidder 20% of the base bid of $5
0.2 × $5 = $1, which is the actual value of the impression.
Kaylee's refrigerator suddenly breaks down. It's old and would be expensive to repair, so she decides to buy a new one. Kaylee chooses a refrigerator with a 12-month, no-interest financing offer. The sales agreement lists the sale price, the amounts and dates of payments, the APR that will apply if Kaylee doesn't pay off the refrigerator in 12 months, and a lot of other information. The law that requires sellers to provide this information to purchasers is
Answers
Kaylee's refrigerator suddenly breaks down. It's old and would be expensive to repair, so she decides to buy a new one. The law that requires sellers to provide this information to purchasers is "The Truth-in-Lending Act". This is further explained below.
What is The Truth-in-Lending Act?Generally, In 1968, Congress passed and President Nixon signed the Truth in Lending Act (TILA) to protect customers from dishonest lenders.
In conclusion, Kaylee's fridge has broken down unexpectedly. Being too old and costly to fix, she opts to replace it instead. The "Truth-in-Lending Act" is the piece of legislation that mandates vendors provide this data to buyers.
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which of the following will be reported as a long-term liability on the balance sheet? a.accrued liabilities b.notes payable (due in 11 months) c.accounts payable d.none of these choices
Answers
The statement that will be reported as a long-term liability on the balance sheet is: d.none of these choices.
What is long debt liabilities?Long debt liabilities can be defined as those obligation or debt that a person owes in which the amount owes are payable or due beyond 12 months.
On the other hand notes payable are know as long term liabilities under a company balance sheet as this notes payable help to show the amount of money or debt amount a company owes their vendors.
Since the notes payable is due in 11 months instead of 12 months it is consider a short-term liabilities .
Therefore we can conclude that the correct option is D.
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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote Maturity Face Value 1 4.0% 103.18 5 years $ 45,000,000 2 6.1 112.80 8 years 40,000,000 3 5.3 107.45 15 1/2 years 50,000,000 4 4.9 102.75 25 years 65,000,000 If the corporate tax rate is 22 percent, what is the aftertax cost of the company’s debt?
Answers
The aftertax cost of debt for Ying Import is calculated to be 1.02% by adjusting the coupon rates of its outstanding bonds for taxes and weighting them based on their face values.
To calculate the aftertax cost of Ying Import's debt, we first need to determine the before-tax cost of each bond. This can be calculated using the following formula
Before-tax cost of debt = Annual interest payment / Bond price
Using this formula, we get the following before-tax costs of debt for each bond
Bond 1: $1,800,000 / $1,031,800,000 = 0.0174 or 1.74%
Bond 2: $2,440,000 / $2,128,000,000 = 0.0115 or 1.15%
Bond 3: $2,650,000 / $2,237,500,000 = 0.0118 or 1.18%
Bond 4: $3,185,000 / $3,346,250,000 = 0.0095 or 0.95%
Next, we need to calculate the after-tax cost of debt for each bond. Since the corporate tax rate is 22%, the after-tax cost of debt can be calculated using the following formula
After-tax cost of debt = Before-tax cost of debt x (1 - Corporate tax rate)
Using this formula, we get the following after-tax costs of debt for each bond
Bond 1: 1.74% x (1 - 0.22) = 1.36%
Bond 2: 1.15% x (1 - 0.22) = 0.90%
Bond 3: 1.18% x (1 - 0.22) = 0.92%
Bond 4: 0.95% x (1 - 0.22) = 0.74%
Therefore, the after-tax cost of debt for Ying Import is
After-tax cost of debt = (Total annual interest payment / Total bond price) x (1 - Corporate tax rate)
= ($9,075,000 / $9,743,550,000) x (1 - 0.22)
= 0.0102 or 1.02%
Therefore, the after-tax cost of debt for Ying Import is 1.02%.
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Assume that milk is an inferior good.
Assuming all other factors remain constant, if the income of milk buyers increases, what will happen to the equilibrium price and quantity of milk?
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answer choices
Price will increase, but we cannot determine what happens to quantity.
Price will decrease and quantity will decrease.
Price will increase and quantity will decrease.
Price will decrease and quantity will increase.
We cannot determine what happens to price, but quantity will increase
Answers
Based on the assumption that milk is an inferior good, if the income of milk buyers increases, the equilibrium price and quantity of milk are likely to change as follows:
Price will increase, but we cannot determine what happens to quantity. As an inferior good, milk is expected to have a negative income elasticity of demand. This means that as consumers' income increases, they tend to consume less of the inferior good (in this case, milk). Therefore, the quantity of milk demanded is likely to decrease. However, the impact on the equilibrium quantity of milk is uncertain because other factors, such as changes in population, preferences, or prices of substitute goods, could influence demand. Without considering these factors, we cannot definitively determine the direction of the quantity change.
Nonetheless, based on the assumption that milk is an inferior good, we can expect that the equilibrium price of milk will increase as the income of milk buyers increases, while the impact on quantity remains uncertain.
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4 On 1 July 20-6 Mumtaz started a business. The following are her transactions for the first two weeks of trading:
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Mumtaz started a commercial enterprise. the following are her transactions for the primary weeks of trading: can do economic transactions thru cellular banking using a smartphone.
Definition of transaction: something transacted specially: a trade or switch of goods, services, or funds digital transactions. b transactions plural: the often posted record of the meeting of a society or affiliation: an act, system, or example of transacting.
Examples of transactions are as follows: Paying a provider for offerings rendered or items added. Paying a seller with coins and notice so that you can attain ownership of belongings previously owned by means of the seller. Paying an employee for hours worked.
In accounting, a transaction in any financial commercial enterprise event impacts a commercial enterprise's monetary statements. because transactions include any occasion that has an economic effect on your monetary data, there are a whole lot of items that are transactions.
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