HELP ASAP!!! ! Suppose the government raises taxes on the profits of oil companies. we should expect which of the following? A less innovation in the production of oil and therefore higher oil prices. B The price of oil to be unchanged. C Oil companies will increase production in an attempt to increase revenue. D None of the above will happen.
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Answer:
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Explanation:
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Related Questions
Horizontal Analysis of Income Statement For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:
McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 16,800,000 $ 15,000,000 Cost of goods sold (11,500,000) (10,000,000) Gross profit $ 5,300,000 $ 5,000,000 Selling expenses $ (1,770,000) $ (1,500,000) Administrative expenses (1,220,000) (1,000,000) Total operating expenses $ (2,990,000) $ (2,500,000) Operating income $ 2,310,000 $ 2,500,000 Other revenue 256,950 225,000 Income before income tax expense $ 2,566,950 $ 2,725,000 Income tax expense (1,413,000) (1,500,000) Net income $ 1,153,950 $ 1,225,000
1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate an amount or percent decrease. If required, round percentages to one decimal place.
2. To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1).
Answers
1. The calculation of the horizontal analysis of McDade Company's Comparative Income Statement for the Years Ended December 31, 20Y2 and 20Y1 is as follows:
20Y2 % 20Y1 %
Sales $16,800,000 112% $ 15,000,000 100%
Cost of goods sold (11,500,000) 115% (10,000,000) 100%
Gross profit $ 5,300,000 106% $ 5,000,000 100%
Selling expenses $ (1,770,000) 118% $ (1,500,000) 100%
Administrative expenses (1,220,000) 122% (1,000,000) 100%
Total operating expenses $(2,990,000) 120% $(2,500,000) 100%
Operating income $2,310,000 92% $2,500,000 100%
Other revenue 256,950 114% 225,000 100%
Income before income tax expense $2,566,950 94% $2,725,000 100%
Income tax expense (1,413,000) 94% (1,500,000) 100%
Net income $ 1,153,950 94% $ 1,225,000 100%
The calculation of the Trend Analysis, with two examples is as follows:
Sales = 112% ($16,800,000/$15,000,000 x 100%)
Cost of goods sold = 115% ($11,500,000/$10,000,000 x 100%)
2. The significant relationships revealed by this horizontal analysis showed that sales revenue and gross profit increased by 12% and 6% respectively from 20Y1's figure, this increase did not translate into increased net income. Instead, the net income decreased by 6% in 20Y2 as a result of increased operating expenses, which witnessed a 20% increase.
Thus, The horizontal analysis of McDade Company's comparative income statement involves the calculation of percentage changes from 20Y1 to the 20Y2. The dollar amount changes can also be calculated.
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Which of the following plans generally identifies the basic
purpose of an organization?
(A) Competitive strategy
(B) Corporate policy
(C) Mission statement
(D) Long-range plan
Answers
Answer:
Explanation:
A mission statement is a concise statement that describes the fundamental purpose of an organization, including its key stakeholders, the products or services it provides, and the values that guide its operations. It is an essential component of an organization's strategic planning process and serves as a guiding principle for decision-making and goal-setting.
Competitive strategy refers to the methods and techniques that a company uses to gain a competitive advantage in the marketplace, while corporate policy refers to the rules and guidelines that govern an organization's operations. Long-range plans are strategic plans that extend several years into the future and outline an organization's goals and objectives over that time period.
Therefore, the answer is (C)- Mission statement
If you were to ask Rosely and her father what the main problem was in running their firm, their answer would be quick and short: hiring good people. Originally begun as a string of coin-operated laundromats requiring virtually no skilled help, the chain grew to six stores, each heavily dependent on skilled managers, cleaner/ spotters, and pressers. Employees generally have no more than a high school education, and the market for them is very competitive. Over a typical weekend, literally dozens of want ads for experienced pressers or cleaner/spotters can be found in area newspapers. All these people usually are paid around $15 per hour, and they change jobs frequently.
Rosely and her father thus face the continuing task of recruiting and hiring qualified workers out of a pool of individuals they feel are almost nomadic in their propensity to move from area to area and job to job. Turnover in their stores (as in the stores of many of their competitors) often approaches 400%. “Don’t talk to me about human resources planning and trend analysis,” says Rosely. “We’re fighting an economic war, and I’m happy just to be able to round up enough live applicants to be able to keep my trenches fully manned.”
2. Provide a detailed list of recommendations concerning how they should go about increasing their pool of acceptable job applicants so they no longer face the need to hire almost anyone who walks in the door.
1. How would you recommend they go about reducing the turnover in their stores?
Answers
To reduce turnover in their stores, Rosely and her father can consider implementing to offer competitive wages and improving working conditions.
Offering competitive wages and benefits would provide the competitive market for skilled workers, they should consider offering higher wages and benefits to attract and retain employees. And improving working conditions, they make the work environment more pleasant and comfortable for employees. This can include providing appropriate tools and equipment, improving the lighting and ventilation, and ensuring that the workstations are ergonomically designed.
To increase their pool of acceptable job applicants, Rosely and her father can consider implementing to offer referral bonuses and advertising job openings on social media. By offering referral bonuses, they can offer current employees a bonus for referring qualified candidates for open positions and through advertising job openings on social media they can create a broad network. Social media platforms like LinkedIn and more can be effective ways to reach potential job applicants.
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If a new restaurant owner determines that she does not have sufficient funds to open a new location, where does this determination belong in her SWOT analysis?
Answers
Answer:
This determination belongs to "W" in SWOT analysis.
Explanation:
SWOT is an analyzing technique of the organizations. It stands for Strength, Weakness, Opportunities, and Threats. Here, strength includes various resources in which the company is doing better whereas weaknesses include the inefficiency of the company. Opportunity refers to various other alternatives for the company and threat includes various possibilities or situations that can harm the company, for example, emerging competition. Therefore, we can say that not having sufficient funds is a part of “W” in the SWOT analysis.
Today is also the day on which your manager’s boss is collecting information about your manager’s leadership style so that they can give him a 360-degree appraisal. They assure you that your comments about your manager will remain confidential, but the nature of your thoughts is such that he probably would guess you are the person who made those comments. Specifically, you think that your manager takes offense easily, has a bad temper, and could be more effective in time management. Would you share your thoughts with your manager’s manager?
Answers
The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.
Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.
If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.
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Patton Company purchased $400,000 of 10% bonds of Scott Co. on January 1, 2011, paying $376,100. The bonds mature January 1, 2021; interest is payable each July 1 and January 1. The discount of $23,900 provides an effective yield of 11%. Patton Company uses the effectiveinterest method and plans to hold these bonds to maturity. 5. On July 1, 2011, Patton Company should increase its Held-to-Maturity Debt Securities account for the Scott Co. bonds by
Answers
Answer:
$685.55
Explanation:
Patton company ;
Bond payments $376,100 × 0.055
= $20,685.55
Less face amount $400,000 × 0.05
= $20,000
Held-to-maturity debt securities $685.55
($20,685.55 - $20,000)
Note:
Effective yield(market rate)
= 11% ÷ 2
= 5.5%
Bonds
= 10% ÷ 2
= 5%
The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
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The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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James received a raise after his first year on the job to $43,800 from his initial salary of $42,000. Inflation averaged 2.8% for that first year. In real terms (i.e., adjusted for inflation), what was his real raise stated as a percentage?
The calculation for percentage change of personal income is:
Group of answer choices
4.29%
2.29%
5.29%
1.29%
Answers
The calculation for percentage change of personal income is A. 4.29%. that is, the real raise of salary in percentage is 4.29%.
What is inflation?The overall rise in prices of goods and services over time in an economy is referred to as inflation. When inflation occurs, people may purchase fewer products and services with the same amount of money because the purchasing power of a unit of currency declines.
How do you determine it?James's initial income of $42,000 must be adjusted for inflation before being compared to his current compensation of $43,800 in order to determine his actual raise. The inflation rate was 2.8%.
Raise in salary = 43800 - 42000 = $1800
Therefore, real raise of salary in percentage is:
= Raise in salary/ initial salary x 100%
= 1800/42000 x 100%
= 4.285% = 4.29%
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How does earning an A in an honors course benefit your GPA?
a
Honors course grades are weighted and keep your GPA from decreasing.
b
Honors course grades are weighted, increasing the points factored into your GPA.
c
Honors course grades are unweighted and keep your GPA from decreasing.
d
Honors course grades are unweighted, increasing the points factored into your GPA.
Answers
Answer:
i think its A
Explanation:
NEED HELP ASAP
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate Maturity Mo/Yr Bid Asked Chg Ask Yld ?? May 24 103.4690 103.5418 +.3093 6.119 5.524 May 29 104.5030 104.6487 +.4365 ?? 6.193 May 39 ?? ?? +.5483 4.151 In the above table, find the Treasury bond that matures in May 2029. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
Answer:
4.93%
Explanation:
For computing the yield to maturity we need to apply the RATE formula i.e to be shown in the attachment below:
Provided that,
Present value = $1,046.487
Future value or Face value = $1,000
PMT = 1,000 × 5.524% ÷ 2 = $27.62
NPER = 10 years × 2 = 20 years
The 10 years is come from
= May 2029 - May 2019
= 10 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula,
The yield to maturity is
= 2.46% × 2
= 4.93%
1
Select the correct answer.
Which job is an entry-level position?
OA.
auditor
OB. marketing manager
OC.
restaurant manager
OD
room attendant
Reset
Next
Answers
Answer:
Option D: Room attendant
Explanation:
Its the only entry level jobs, as listed above b and c are managment positions which means you have to have experience. Auditors are appointed by a company to execute an audit you need to be certified by the regulatory authority of accounting and auditing or process certain specified qualifications.
What are examples of career changes? Check all that apply.
Sonja is a Bus Driver who takes a new job as a Cook in a restaurant.
Alfredo is an Actor for a television show who takes a job acting in a movie.
Marybeth is a Farmworker who grows vegetables and decides to start growing fruit, too.
Joshua is a Security Guard who takes a job as a High School Math Teacher.
Answers
Answer:
It's A and D.
Explanation:
Answer:
A D
Explanation:
Monopoly firms face
a. downward-sloping demand curves, so they can sell as much output as they desire at the market price.
b. horizontal demand curves, so they can sell as much output as they desire at the market price.
c. horizontal demand curves, so they can sell only a limited quantity of output at each price.
d. downward-sloping demand curves, so they can sell only the specific price-quantity combinations that lie on the demand curve.
Answers
The correct answer is d. Monopoly firms face downward-sloping demand curves, so they can sell only the specific price-quantity combinations that lie on the demand curve.
What is Monopoly firms?
Unlike a perfectly competitive firm, which faces a horizontal demand curve, a monopoly faces a downward-sloping demand curve. This means that a monopoly can only sell a limited quantity of output at each price because as it increases the quantity of output it sells, the price that buyers are willing to pay for each additional unit decreases.
As a result, a monopoly firm has to carefully choose the price and quantity of output it sells in order to maximize its profits. It cannot simply sell as much output as it desires at the market price, as it would if it faced a horizontal demand curve. Instead, it must balance the trade-off between selling more output at a lower price and selling less output at a higher price, taking into account its costs of production and the demand for its product.
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Complete question is : Monopoly firms face downward-sloping demand curves, so they can sell only the specific price-quantity combinations that lie on the demand curve.
Businesses use organizational design to structure their
Group of answer choices
Answers
Businesses structure their people, information, and technology using organizational design.
The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures. State law permits the use of the Limited Liability Company (LLC) as a corporate form. The choice of a firm structure takes into account legal and tax factors.
What is Businesses structure?
The different divisions that make up a typical corporate structure contribute to the overall mission and aims of the organization. Marketing, finance, operations management, human resources, and information technology are typical departments.Although there are many fewer departments inside independent enterprises, these five divisions reflect the key departments within a publicly traded company. Many companies include a CEO as well as a board of directors, which is typically made up of the directors of each department and may also include one or more non-executive directors.Additionally, there are CFOs, vice presidents, and company presidents. However, there is a wide variety of corporate structures, with businesses ranging from a single company to a conglomerate of multiple corporations. Functional, divisional, geographic, and matrix structures are the four primary types of corporate structures.To learn more about Businesses structure visit:https://brainly.com/question/10730450
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The principal assets of commercial banks are:
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Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transferred 4,150 sets of skis to finished goods. At the end of the accounting period, 480 sets of skis were estimated to be 50 percent complete. Total product costs for the finishing department amounted to $285,350.
Required
Determine the cost per equivalent.
Determine the cost of the goods transferred out of the finishing department.
Determine the cost of the finishing department’s ending work in process inventory.
Answers
The various costs for Solomon Ski Company during the recent accounting period are determined as follows:
1. Cost per equivalent unit is $65.
2. Cost of finished goods transferred out from the finishing department is $269,750.
3. Cost of the ending WIP inventory is $15,600.
What is the cost per equivalent unit?The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.
The equivalent units of production depend on the degree or percentage of completion for the various cost classes.
Data and Calculations:Transfer to finished goods = 4,150
Ending inventory = 480
Degree of completion of the ending inventory = 50%
Total equivalent units = 4,390 (4,150 + 480 x 50%)
Total production costs = $285,350
Cost per equivalent unit = $65 ($285,350/4,390)
Cost of finished goods = $269,750 ($65 x 4,150)
Cost of the ending WIP = $15,600 ($65 x 240)
Thus, equivalent units refer to the degree of work completed per unit.
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a. At the beginning of the year, Addison Company's assets are $176,000 and its equity is $132,000. During the year, assets
increase $80,000 and liabilities increase $59,000. What is the equity at year-end?
b. Office Store Company has assets equal to $224,000 and liabilities equal to $194,000 at year-end. What is the equity for
Office Store Company at year-end?
c. At the beginning of the year, Quaker Company's liabilities equal $69,000. During the year, assets increase by $60,000,
and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending
amounts of equity?
Answers
At the beginning of the year, Addison Company's assets will be:
a. The equity at year-end will be $197,000.
b. The equity for Office Store Company at year-end will be $30,000.
c. The beginning and ending amounts of equity will be $103
What is assets?
Assets are items of value owned by an individual or an organization. Assets are divided into two categories: tangible and intangible. Tangible assets are physical in nature, such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical, such as intellectual property, goodwill, copyrights, and trademarks. Assets can be used to measure the value of a business and its performance.
a. Equity at year-end = $176,000 + $80,000 - $59,000 = $197,000
b. Equity for Office Store Company at year-end = $224,000 - $194,000 = $30,000
c. Beginning equity = $69,000; Ending equity = $190,000 - $69,000 - $18,000 = $103
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Which are possible employers in the Financial career cluster? Check ALL that apply.
O private company
O government
O nonprofit organization
bank
Ostock market
Answers
Quants are particularly sought-after in the trading sector, where they use algorithms to pinpoint the most profitable trading opportunities.
What are the possible employers in the Financial career?Asset managers, banks, hedge funds, insurance companies, and private equity firms all use quants to help with opportunity and risk detection.
Retail sales, insurance services, banking and related services, and business financial management.
Therefore, Employees can work for themselves in the insurance sales, tax preparation, financial planning, and investment management industries.
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What is a major advantage of globalization?
Answers
Answer: Globalization can be defined as “the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, the flow of international capital and the wide and rapid spread of technologies. It reflects the continuing expansion and mutual integration of market frontiers and the rapid growing significance of information in all types of productive activities and marketization are the two major driving forces for economic globalization.Globalization has both positive and negative effects. On an individual level, globalization affects both the standard of life and the quality of life. On a business level, globalization affects an organization's product life cycle and an organization's balance sheet. Globalization also affects how governments throughout the world create policies affecting areas such as monetary regulation and trade.
Explanation:
Given
Principal = $11,500,
Interest Rate = 10%
Time = 240 days (use ordinary interest)
Partial payments:
On 100th day, $6,000
On 180th day, $3,500
a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.)
c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
Answers
Total interest=$489.58
Balance after 100th day=$5,819.44
Balance after 180th day=$2,448.77
Final payment=$2,489.58
Compute the total interest, the balances on the 100th and 180th days as well as the final payment of the loan?
In the first place, ordinary interest means simple interest, in other words, the simple interest approach would be used in computing the interest due at every point in time.
Interest=loan balance*interest rate*number of days that interest is due/360 days
Interest on 100th day=$11,500*10%*100/360
Interest on 100th day=$319.444444
balance after 100th day=initial principal+ interest-partial payment
balance after 100th day=$11,500+$319.444444 -$6,000
balance after 100th day=$5,819.444444
Note it has been 80 days since the payment of the last interest on 100th
interest on 180th day=$5819.444444 *10%*80/360
interest on 180th day=$129.320988
balance of the loan on the 180th day=$5,819.444444+$129.320988-$3,500
balance of the loan on the 180th day=$2,448.765432
The final payment would be the balance as of the 180th day plus the interest for the last 60 days(180th-240th)
final interest=$2,448.765432*10%*60/360
final interest =$40.812757
Final payment=$2,448.765432+$40.812757
Final payment=$2,489.58
Total interest=$319.444444+$129.320988+$40.812757
Total interest=$489.58
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Where STT is the order student number:
C= 100+STT + [ 0.50-STT*0.01 ] Yd
X=30+STT
1= 50-STT + 0.15 Y
G= 200+STT
M= 150+STT + 0.12 Y
T= 40+STT + 0.2 Y
STT= 30
Request:
a)
b)
Calculate the equilibrium output of the economy.
We have:
Cm1 = 97%
AI= 30+STT
A Tr = 100+STI
AG = -120+STT
ATx = 150-STT
A C' = SO+STT
AX= 40+STT
A M = -70+STT
Calculate the new equilibrium output of the economy.
c) Using the equilibrium output in sentence (a), if the potential output is 1000, what fiscal policy should the govemment adopt in order for the economy to achieve the above potential output (knowing that the govemment only use or G or 1).
d) If the goverment wants to spend 1200 without hurting the economy, what fiscal policy should the government introduce?
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Answers
Answer:
a) To calculate the equilibrium output of the economy, we need to solve for Yd, the total demand for goods and services in the economy. We can do this by setting total demand equal to total supply, which is the sum of all the production in the economy.
We know that C= 100+STT + [ 0.50-STT*0.01 ] Yd, X=30+STT, I= 50-STT + 0.15 Y, G= 200+STT, M= 150+STT + 0.12 Y, and T= 40+STT + 0.2 Y.
Substituting these values into the equation for total demand and total supply, we get:
Yd = C + I + G + (X - M)
Y = T + C + X + M
Solving for Yd, we find that the equilibrium output is Yd = 1000.
b) To calculate the new equilibrium output, we need to find the changes in the various components of demand and supply due to the changes in the variables Cm1, Δ I, Δ Tr, Δ G, Δ Tx, Δ C', Δ X, and Δ M.
Substituting these values into the equations for total demand and total supply, we get:
Yd = (97% * C) + (30+STT) + G + (40+STT) - (-70+STT)
Y = (40+STT + 0.2 Y) + (97% * C) + (30+STT) + (150+STT + 0.12 Y)
Solving for Yd, we find that the new equilibrium output is Yd = 1090.
c) To achieve a potential output of 1000, the government should adopt a fiscal policy of reducing government spending (G) by 90. This can be done by setting G = 110.
d) If the government wants to spend 1200 without hurting the economy, it should adopt a fiscal policy of increasing taxes (T) by 200. This can be done by setting T = 240.
A customer reward program can be useful because it
Answers
Rewards programs are important for brands because they encourage customer loyalty, help track spending patterns, and provide valuable feedback. By offering rewards, brands can foster a sense of community and connection with their customers that goes beyond the simple exchange of goods or services for money
Read Chief Justice Taney's decision on the Dred Scott case (Major Problems, Ch. 13)explain how his decision impacted African Americans all over the United States.How do you think this decision affected abolitionists and supporters of slavery?
Answers
Chief Justice Taney's decision on the Dred Scott case had a significant impact on African Americans all over the United States. In his decision, Taney ruled that African Americans, whether free or enslaved, could not be considered citizens of the United States and therefore had no right to sue in federal court.
He also declared that Congress did not have the power to prohibit slavery in any territory, effectively nullifying the Missouri Compromise of 1820.
This decision further entrenched the institution of slavery in the United States and made it clear that the federal government would not protect the rights of African Americans. It also gave slaveholders the legal right to take their slaves into any territory, including those where slavery had previously been prohibited.
For abolitionists, Taney's decision was a severe blow to their cause. It undermined their efforts to end slavery and made it clear that the federal government was not on their side. For supporters of slavery, the decision was a victory, as it affirmed their belief in the legality and morality of slavery.
In summary, Chief Justice Taney's decision in the Dred Scott case had far-reaching consequences for African Americans and the institution of slavery in the United States. It strengthened the position of slaveholders and undermined the efforts of abolitionists to end slavery, perpetuating the injustice and inequality that would eventually lead to the Civil War.
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Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to establish a petty cash fund of $1,200. The amount of cash in the petty cash fund is now $396. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $466; miscellaneous selling expense, $193; miscellaneous administrative expense, $121. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,200, record the discrepancy in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. fill in the blank a41770059faa020_2 fill in the blank a41770059faa020_4 b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank. fill in the blank e53a56fc003ffc3_2 fill in the blank e53a56fc003ffc3_3 fill in the blank e53a56fc003ffc3_5 fill in the blank e53a56fc003ffc3_6 fill in the blank e53a56fc003ffc3_8 fill in the blank e53a56fc003ffc3_9 fill in the blank e53a56fc003ffc3_11 fill in the blank e53a56fc003ffc3_12 fill in the blank e53a56fc003ffc3_14 fill in the blank e53a56fc003ffc3_15 Check My Work
Answers
Answer:
Dr Petty cash fund 1,200
Cr Cash 1,200
Dr Office supplies expenses 466
Dr Miscellaneous selling expenses 193
Dr Miscellaneous administrative expenses 121
Dr Cash short and over 24
Cr Petty cash fund 804
Dr Petty cash fund 804
Cr Cash 804
the balance in the petty cash fund is $1,2000 again
The following information is available for Water Inc. Date Units Unit Cost January 1, 2020 (beginning inventory) 100 $50.00 Purchases: January 10, 2020 75 52.00 January 15, 2020 150 52.50 January 30, 2020 100 55.00 The company maintains a periodic inventory system. A physical count shows 125 units in stock on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the FIFO inventory method
Answers
Answer:
125 and $15,156.6
Explanation:
The end inventory us 125 units and thus 300 units were sold
A bank has $650,000 in assets to allocate among investments in bonds, home mortgages, car loans, and personal loans. Bonds are expected to produce a return of 10%, mortgages 8.5%, car loans 9.5%, and personal loans 12.5%. To make sure the portfolio is not too risky, the bank wants to restrict personal loans to no more than the 25% of the total portfolio. The bank also wants to ensure that more money is invested in mortgages than in personal loans. It also wants to invest more in bonds than personal loans.
Requried:
a. Formulate an LP model for this problem with the objective of maximizing the expected return on the portfolio.
b. Implement your model in a spreadsheet and solve it.
c. What it the optimal solution?
Answers
Answer:
using solver, the optimal solution is:
$325,000 invested in bonds
$162,500.01 invested in mortgages
$162,499.99 invested in personal loans
maximum profit = $66,625
Explanation:
profit maximization equation:
0.1b + 0.085m + 0.095c + 0.125p
where:
b = money invested in bonds
m = money invested in mortgage loans
c = money invested in car loans
p = money invested in personal loans
constraints:
b + m + c + p ≤ 650,000
p ≤ 0.25 x 650,000 ⇒ p ≤ 162,500
m ˃ p
b ˃ p
using solver, the optimal solution is:
$325,000 invested in bonds
$162,500.01 invested in mortgages
$162,499.99 invested in personal loans
maximum profit = $66,625
actually solver gave me the following solution:
$325,000 invested in bonds
$162,500 invested in mortgages
$162,500 invested in personal loans
maximum profit = $66,625
since mortgage loans must be larger than personal loans, I added 1¢ to mortgage loans and subtracted 1¢ from personal loans
Explanation:
When the profit maximization equation that isSo that 0.1b + 0.085m + 0.095c + 0.125p
where: When b = money invested in bonds When m = money invested in mortgage loans When c = money invested in car loans When p = money invested in personal loans So that its constraints:After that b + m + c + p ≤ 650,000
Then p ≤ 0.25 x 650,000 ⇒ p ≤ 162,500
so, m ˃ p
then b ˃ p
When using solver, the optimal solution that is:
Now, $325,000 invested in bonds After that $162,500.01 invested in mortgages So that $162,499.99 invested in personal loans When the maximum profit is = $66,625 So that the actually solver gave me the following solution: Now $325,000 invested in bonds After that $162,500 invested in mortgages $162,500 invested in personal loans When the maximum profit is = $66,625 Therefore that since mortgage loans must be larger than personal loans, then added 1¢ to mortgage loans and also that subtracted 1¢ from personal loans.Learn more:
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Ask Socrates Inc. is a computer software company that employs highly intelligent, but somewhat unusual people. Every Friday, free lollipops, toys, or other treats are given out to encourage employees to remember how creative they were when they were children. All the new members of the organization are told about the founders who were three young people who "got lucky" and sold a video game that they invented. The employees are allowed to dress informally and can set their own working hours.Ask Socrates Inc. employees are allowed to dress informally. This is an example of a ________ through which organizational culture is transmitted.a. material symbolb. fundamental mechanismc. rituald. primary proceduree. symbolic act
Answers
Answer: a. Material symbol
Explanation:
When talking about the Material symbols of Organizational Culture, those unspoken norms and behaviours that explain to you the type of Organization you are in are what are being referred to.
Materials symbols explain the type of culture in an organization by conveying information on the Equality level of the employees as well as the type of performance and behaviour expected of them.
They can be expressed through dress codes, company cars and even offices given to a certain cadre of Employees.
Seeing as the above scenario deals with the dress code, it most likely falls under an Organization's material symbols.
Which part of the LRAS curve looks similar to a " Classical LRAS^ prime prime curve?
A. The Segment between A and B
B. The Segment between B and C
C. The Segment between C and D
D. The Segment between A and C
Answers
Answer:
C. The segment between C and D
Explanation:
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Exam Content Page 2 of 40 Question 2 Harpreet rents an apartment in a high-rise building. A fire started from a neighbor's cigarette and caused damage to his unit. He anticipates $8,000 in personal belongings damaged and $22,000 in building repair. What type of insurance should he have to protect himself from a situation like this? A Personal property floater insurance B) Renters insurance C) Special perils homeowners insurance D) Named perils homeowners insurance 5 Points Last saved 6:01:48 PM
Answers
Option D, named perils homeowners insurance, is completely correct. The full details are there.
What exactly is homeowners insurance?Home Owner Insurance is a type of property insurance that protects the home and its contents from damage. A standard Home Owner Insurance policy covers both your house and your belongings. A home insurance policy covers the costs and damage to your home or any insured property. It is a type of property insurance as well as one of several general insurance products.
Home structure insurance protects the house's permanent structure, including the kitchen, bathroom fixtures, and roof, from all types of dangers and risks.
To know about homeowner insurance visit:
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___________ is a way of saving a file so it can be used by a different program. A. Selecting B. Exporting C. Citing D. Formatting Please select the best answer from the choices provided A B C D Mark this and return
Answers
Answer:
B. Exporting
Explanation: