Answers
Over the period 2011-2016, most correlations between the US stock index and stock-index portfolios of other countries were
positive but less than .9
What is correlation?The strength and direction of a relationship between two or more variables are described by the statistical measure of correlation, which is given as a number. However, a correlation between two variables does not necessarily imply that a change in one variable is the reason for a change in the values of the other.
The types of correlation include
Linear correlation that is positive. When the variable on the x-axis rises as the variable on the y-axis rises, there is also negative linear correlation.
Non-linear correlation, also known as curvilinear correlation and then No correlation.
The correlation for the US stock index and stock-index portfolios shows a positive linear correlation
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Related Questions
All entrepreneurs are businessmen. Some millionaires are entrepreneurs.
Conclusions: (1) All millionaires are businessmen. (2) Some businessmen are entrepreneurs.
2. Which of the following statements is correct?
Both (1) and (2) are correct
Only (1) is correct
Neither (1) or (2) is correct
Only (2) is correct
Answers
All entrepreneurs are businessmen. Some millionaires are entrepreneurs.Neither (1) or (2) is correct.
A person who starts a new firm and takes on the majority of the risks and benefits is referred to as an entrepreneur. Entrepreneurship describes the act of starting a firm. The entrepreneur is frequently viewed as a creator of novel concepts, products, services, businesses, or methods.
Every economy requires entrepreneurs because they have the knowledge and drive to foresee requirements and market viable new ideas. Profits, notoriety, and chances for future expansion are awarded to entrepreneurial success that results from taking on the risks of founding a firm. Losses and decreased market presence for individuals involved in failed entrepreneurship.
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Suppose a firm has a monopoly on the sale of widgets and faces a downward-sloping demand curve. When selling the 100th widget, the firm will always receive A. less marginal revenue on the 100th widget than it received on the 99th widget. B. more average revenue on the 100th widget than it received on the 99th widget. C. more total revenue on the 100 widgets than it received on the first 99 widgets. D. a lower average cost per unit at 100 units of output than at 99 units of output.
Answers
When selling the 100th widget, the firm will always receive A. less marginal revenue on the 100th widget than it received on the 99th widget.
A downward-sloping demand curve simply means that when there's a reduction in the price of a good, the consumers will purchase more of that product.
Based on the information given, when selling the 100th widget, the firm will always receive less marginal revenue on the 100th widget than it received on the 99th widget. The marginal revenue is the increase in revenue based on an additional unit of output that's sold.
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Costs of Acquiring Fixed Assets
Melinda Stoffers owns and operates ABC Print Co. During February, ABC incurred the following costs in acquiring two printing presses. One printing press was new, and the other was purchased from a business that recently filed for bankruptcy.
a. Indicate which costs incurred in acquiring the new printing press (1-6 below) should be debited to the asset account.
Item Debited to asset account
1. Fee paid to factory representative for installation
2. Freight
3. Insurance while in transit
4. New parts to replace those damaged in unloading
5. Sales tax on purchase price
6. Special foundation
b. Indicate which costs incurred in acquiring the used printing press (7-12 below) should be debited to the asset account.
Item Debited to asset account
7. Fees paid to attorney to review purchase agreement
8. Freight
9. Installation
10. Repair of damage incurred in reconditioning the press
11. Replacement of worn-out parts
12. Vandalism repairs during installation
Answers
Costs incurred in acquiring the new printing press (1-6 below) should be debited to the asset account.
For the new printing press:
Items to be debited to the asset account:
Fee paid to factory representative for installation
Freight
Insurance while in transit
New parts to replace those damaged in unloading
Special foundation
These costs directly relate to acquiring and preparing the new printing press for use, and they increase the cost basis of the asset.
For the used printing press:
Items to be debited to the asset account:
8. Freight
Installation
Repair of damage incurred in reconditioning the press
Replacement of worn-out parts
Vandalism repairs during installation
These costs are associated with the acquisition and preparation of the used printing press. Similar to the new press, these expenses increase the cost basis of the asset, taking into account the necessary repairs, replacements, and installation costs.
It's important to note that fees paid to an attorney (item 7) to review the purchase agreement are typically considered as legal expenses and are not capitalized as part of the asset's cost.
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Water Technology, Inc. Incurred the following costs during 20xt. The company sold all f ts products manufactured during the year
Direct material $5,000,000
Direct labor 2,400,000
Manufacturing overheadr
Utilities (primarily electricity) 120,000
Depreciation on plant and equipment 220,000
Insurance 150,000
Supervisory salaries 400,000
Property taxes 230,000
Selling costs
Advertising 165,000
Sales commissions 80,000
Administrative costs
Salaries of top management and staft 372,000
Office supplies 45,000
Depreciation on building and equipment 80,000
During 20x1, the company operated at about half of its capacity, due better. Jared Lowes, the marketing manager, forecasts a 20 percent growth in sales over the 20xt level.
Required Categorize each of the costs listed below as to whether it is most likely variable or fixed. Forecast the 20x2 cost amount for each of the cost items listed
Answers
Answer:
Part 1
Variable Costs
Direct material $5,000,000
Direct labor $2,400,000
Fixed Costs
$
Utilities (primarily electricity) 120,000
Depreciation on plant and equipment 220,000
Insurance 150,000
Supervisory salaries 400,000
Property taxes 230,000
Salaries of top management and staff 372,000
Office supplies 45,000
Depreciation on building and equipment 80,000
Part 2
Forecast the 20x2 cost amount for each of the cost items listed
Direct material ($5,000,000 x 1.20) $6,000,000
Direct labor (2,400,000 x 1.20) $2,880,000
Utilities (primarily electricity) $120,000
Depreciation on plant and equipment $220,000
Insurance $150,000
Supervisory salaries $400,000
Property taxes $230,000
Salaries of top management and staff $372,000
Office supplies $45,000
Depreciation on building and equipment $80,000
Explanation:
Variable Costs vary with the level of production. Examples are Direct Materials and Direct labor.
Fixed Costs remain constant for any production level. Examples are Depreciation and Utilities such as electricity.
A growth in Sales will affect the Variable Costs only. As production increases to meet the 20 percent growth in sales so do these costs since they vary in direct proportion to the level of production.
Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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Which of the following are components generally included in a company's business plan:
A.Marketing plan, summary, and franchise agreement
B.Company description, financial plan, and marketing plan
C.Management plan, licensing contract, and annual
Answers
Answer:
A
Explanation:
Only one that makes sense.
April plans on a starting a perfume business and decides she needs to first
conduct some marketing research. She wants to find out what kinds of
perfumes and scents women like to wear from as many women as
possible.
Which data collection method should she use?
• A. Observation
• B. Case study
•
C. Focus group
D. Survey
Answers
A chemistry professional degree: formulation of perfume, aroma, and cosmetics. There are modules on the safety and toxicology of the natural ingredients that are used in perfumes, and you will learn everything there is to know about them.
How do you get customers to buy perfume?Inquire as to whether they would like a scent, let them smell the aroma and guarantee the client that it is at a low, fair cost. Hand out aroma strips to each client, act amped up for the scent, shower the store often, and have ideas at key regions in the store.
How do perfume notes work?A fragrance's ingredients are its perfume notes. Top notes include citrus and lavender, heart notes include cinnamon and jasmine, and base notes include vanilla and musk. The perfume accord, which is a fragrance's fundamental character, is made up of this carefully selected mix of ingredients.
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Answer:
survey
Explanation:
trust
Timothy wants to cut costs in his company to increase the profitability of production. Which tactic should Timothy utilize to cut the costs and maintain the quality of output?
A.
using shorter transport routes
B.
use low-grade raw materials
C.
overworking the employees
D.
overstocking the input
Answer right gets
Answers
Answer:
A
Explanation:
Answer:
A) using shorter transport routes
Explanation:
I took the test, and just got it correct
A great way to ontain hands-on training in a real work environment is to complete a(n)
Answers
Answer:
It's c, apprenticenship
CTSOs are not for students who plan college?
A.true
B.false
Answers
Answer: false
Explanation:
What are some common traits good entrepreneurs have?
Answers
Answer:
Traits of entrepreneurs:
Flexibility, confindence, creativeness, full of motivation, the ability to be persuavsive, being bold, highly adaptable, and a good set of problem solving skills.
Entrepreneurs need to be able to overcome challenges and help solve problems in our ever-elvolving world. Having some of those traits can help people out in general.
Here are some examples
Passion. For those uninitiated, entrepreneurs are not in it for the money. ...
Resilience. ...
Strong Sense of Self. ...
Flexibility. ...
Vision.
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows:
September 30 through December 31, 2021 $3,600,000
January 1 through February 28, 2022 1,500,000
March 1 through April 30, 2022 594,000
Athens expects a useful life of four years for the software and total revenues of $7,800,000 during that time. During 2022, revenue of $1,560,000 was recognized.
Required:
a. Prepare a journal entry to record the development costs in each year of 2021 and 2022.
b. Calculate the required amortization for 2022.
Answers
Answer:
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
B. $148,500
Explanation:
1. Preparation of the journals entry
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
(To record the expenses incurred on research and development)
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
(1,500,000+594,000)
(To record the software development costs incurred)
2.Calculatation for the amortization for 2022
Using percentage of revenues method
Amortization= Current revenue/Total revenue* Software development costs
Amortization=$1,560,000/$7, 800,000*$594,000
Amortization=0.2*$594,000
Amortization=$118,800
Using straight line method
Amortization =1/Useful life* Software devel opment costs
Amortization=1/4*$594,000
Amortization=$148,500
Based on the above calculation Tmte expense amounts under straight-line method is higher . Which means that , the amortization is $148,500.
kingbird company provides the following information about its defined benefit pension plan for the year 2017. service cost $90,600 contribution to the plan 103,900 prior service cost amortization 10,100 actual and expected return on plan assets 63,100 benefits paid 39,600 plan assets at january 1, 2017 644,100 projected benefit obligation at january 1, 2017 710,600 accumulated oci (psc) at january 1, 2017 149,400 interest/discount (settlement) rate 9 %
Answers
The following details about Ivanhoe Company's 2017 defined benefit pension plan are provided. Cost of services: $89,400. 104,800 was contributed to the plan.
Term Projected Benefit Obligation Planned Asset. Opening Balance (697 700) 627 300. Services Charges (89,400). Finance Charges (6, Actual Returns 64,400. Contributions totaling 104 800. 40,800 in benefits were paid (40,800). Service costs at the end of December were $89,400 for a balance of 753,277 and 755,700. 104,800 was contributed to the plan. Amortization of prior service costs: 9,700 Return on plan assets, actual and anticipated, 64,400. 40,800 benefits were paid. On January 1, 2017, the plan has 627,300 assets. As of January 1, 2017, the accumulated OCI (PSC) was 149,700 Interest/discount (settlement). Items Pension Expense Cash. Gain/Loss PSC. pension liability and asset. Cost of Service: 89,400. Costs of Interest: 6,977. Past Service Costs 149,700 Actual Profits (64,400). Contributions (104,800). Benefit obligation estimated as of January 1, 2017 697,700.
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A woman who weighs approximately 180 pounds has two "double" mixed drinks in one hour. Which of the following is CORRECT?
Answers
The correct option is that she is likely intoxicated.
What happened due to the drinkingThe effect of alcohol consumption can vary depending on factors such as body weight, tolerance, metabolism, and the specific alcoholic beverages consumed.
Given that the woman in question has had two "double" mixed drinks in one hour, it is possible that she may be impaired or experiencing some level of intoxication.
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A woman who weighs approximately 180 pounds has two "double" mixed drinks in one hour. Which of the following is CORRECT?
•
She is impaired
•
She is not intoxicated.
•
She is likely intoxicated.
She is possibly impaired.
Many restaurants and food companies, such as Frito-Lay have made many of their products free of trans fat by changing cooking methods and oils used. Is it the responsibility of commercial industries to alter their product to keep us healthier or should we be more alert as consumers
Answers
Explanation:
It is essential that consumers are aware when choosing the companies they will consume, in relation to the food industries, it is necessary to be aware of how the food is prepared and if the ingredients will be good for our health.
In this case, the responsibility lies with the consumer, but companies follow consumer trends and consumer preferences, so it can be said that Frito-Lay has made its products healthier due to a new behavior by consumers, who are more willing to consume healthy products that generate health and well-being, then the company adapted to the market to remain competitive and profitable.
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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How do you find a monthly payment on auto loans?
Answers
Answer:
Explanation:
m
The formula for calculating the monthly payment on an auto loan is:
M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]
Where:
M = monthly payment
P = principal amount of the loan
i = interest rate (per month)
n = number of months of the loan
Alternatively, you can use an online calculator to determine the monthly payment. Many banks and financial institutions offer online loan calculators that allow you to input the loan amount, interest rate, and length of the loan to determine the monthly payment.
It is important to note that the interest rate on an auto loan can vary depending on a number of factors, including the borrower's credit score, the length of the loan, and the type of vehicle being financed. It is also important to shop around to find the best interest rate and loan terms before committing to an auto loan.
Lube Oil, a chain of automobile service stations, reports
net income of $100 million after depreciation of $50
million. The firm has capital expenditures of $80 million, and the noncash working capital increased from $25 to $40 million, FCFF=55million. Lube Oil paid a dividend of $20 million and bought back $25 million in stock. Estimate how much the cash balance of the firm changed during the year
Answers
Since the company is entirely funded by equity, its FCFF would be equal to its FCFE, which is $55 million. Cash Balance Change for the Year = $25 Million The business can refund 5% of shareholders funds
Whose funds are shareholders?The term "shareholders' funds" describes the portion company's equity that is owned by the shareholders. The quantity of shareholders' funds provides a rough estimate of how much shareholders might hypothetically get in the event of a business's liquidation.
Cash Flows towards Stock Holders = Change in Cash Balance throughout the Year + Free Cash Flows towards Equity during the Year
Change of Cash Balance for the Year = $70,000,000-$45,000,000
Cash Balance Change for the Year = $25 Million
What distinguishes equity from shareholders' funds?Equity is distinct from shareholders' equity. While the term "equity" normally refers to a public company's ownership, "shareholders' equity" refers to the difference between a company's total assets and total liabilities as shown on its financial statements.
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1. Describe an example from your past where you have been effective in inspiring other
leaders around a common purpose and shared values.
2. How effective are you today at empowering other people to step up and lead? How do
you go about doing this? What are you doing to improve your effectiveness?
3. Recall a situation in which you faced a conflict between empowering other people and
reaching your performance goals.
a. How did you resolve the conflict?
b. Did you give preference to reaching your goals or to your relationship?
c. Would you act differently in the future when facing a conflict between
relationships and performance?
Answers
Answer:
One effective way to inspire other leaders around a common purpose and shared values is to lead by example. I demonstrate a commitment to the values and purpose that are important to the team. Furthermore, I consistently take actions that align with those values and purpose. These steps can inspire others to do the same. Additionally, I create opportunities for open and honest communication, collaboration, and shared decision-making. These measures can help build trust and empower other leaders to promote the team's success.Empowering others to step up and lead can involve creating opportunities for skill-building and growth, providing guidance and support, and giving people the autonomy to make decisions and own their work. To improve effectiveness, I seek feedback from others. I also informed about best practices and emerging trends in leadership. Lastly, I continuously work on developing communication, coaching, and mentoring skills.Get instant answers, essays, and research papers through proffrank01 at g m ail.con. This helps you score maximum points without straining too much.
3. When facing a conflict between empowering other people and reaching performance goals, I considered the long-term impact of each decision. I prioritized relationships and empowered others to better outcomes in the long run. This required a short-term sacrifice to reach immediate performance goals. I communicated openly and honestly with the team about the situation and worked collaboratively to find a solution that aligns with both performance goals and relationship-building. In the future, I could reflect on the situation and consider how to approach similar conflicts in a more proactive manner.
Explanation:
A broker's listing agreement with a seller states that 4 ½ % is to be paid on the sales price as commission. The associate lists and sells the property for $450,000 earning the full commission. The broker has specified that the associate receives 55% of the total commission. earned. How much will the associate be paid on this sale?
Answers
The associate be paid on this sale $11,137.50. A commission rate is an incentive or payment based on a percentage of sales or a flat fee. In partnerships, commissions are paid to partners based either on closed sales or qualifying leads.
Given
Sales Price = $450,000
Commission Rate = 4.5%
Calculate the total commission earned:
Total Commission = Sales Price * Commission Rate
Total Commission = $450,000 * 4.5% = $20,250
Associate's Percentage Share = 55% of Total Commission
Requires to calculate the associate's share of the commission:
Associate Commission = Total Commission * Associate's Percentage Share
Associate Commission = $20,250 * 55% = $11,137.50
Thus, the share price of the associate to be paid on this sale is $11,137.50.
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Given the inverse DD and SS function as pd=90-Q and ps=[2Q+2]² find the CS for Qd =30 and pe= 40 and ps= for Qs=5 and 42, respectively Answer = CS is 1050 and PS is - 76.7
Answers
CS is 1050, representing the area between the demand curve and the price line. PS is -508322, indicating the producer's inability to cover costs.
In this question, we are given the inverse DD and SS functions, and we need to find the consumer surplus (CS) and producer surplus (PS) for certain given values. The inverse DD function is given as pd = 90-Q, which represents the demand curve, and the inverse SS function is given as ps = (2Q+2)², which represents the supply curve. We need to find the CS for Qd = 30 and pe = 40, and the PS for Qs = 5 and 42, respectively. To find the CS, we need to calculate the area between the demand curve and the price line, i.e., the difference between the willingness to pay (WTP) and the actual price paid. Here, the WTP is given by the demand function, which is pd = 90-Q. At Qd = 30, the WTP is pd = 90-30 = 60. The actual price paid is pe = 40. Therefore, the CS = WTP - price paid = 60 - 40 = 20. However, this is the value of the individual CS. To find the total CS, we need to integrate the CS over the entire demand curve, which gives us CS = ∫(90-Q-40)dQ = ∫50-QdQ = 50Q - (Q²/2) |\(_0^{30}\) = 1050.To find the PS, we need to calculate the area between the supply curve and the price line, i.e., the difference between the actual price received and the minimum supply price (MSP). The MSP is given by the supply function, which is ps = (2Q+2)². For Qs = 5, the MSP is ps = (2(5)+2)² = 98. For Qs = 42, the MSP is ps = (2(42)+2)² = 7396. The actual price received is given as 40, which is less than the MSP for both values of Qs. Therefore, the PS is negative, which indicates that the producer is not able to cover their costs. The PS is calculated as the area between the supply curve and the actual price received. Here, we have two values of Qs, so we need to calculate the PS for both and add them up. For Qs = 5, the PS = (40-98)(5) = -290. For Qs = 42, the PS = (40-7396)(42-5) = -508032. Therefore, the total PS = -290 - 508032 = -508322. Thus, the CS is 1050 and the PS is - 508322.In summary, we were given the inverse DD and SS functions and we needed to find the CS and PS for certain values. To find the CS, we calculated the area between the demand curve and the price line, which is the difference between the WTP and the actual price paid. To find the PS, we calculated the area between the supply curve and the price line, which is the difference between the actual price received and the MSP. The total CS was found by integrating the individual CS over the entire demand curve. The total PS was found by adding the PS for both values of Qs. The CS was found to be 1050 and the PS was found to be -508322.For more questions on demand curve
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Users who do not directly run the organization and have limited access to accounting information are known as ------------ (internal/external) users.
Answers
Answer:
External users
Explanation:
External users of accounting information do not directly run the organization and have limited access to its accounting information
Answer please? Images provided
Answers
Answer:
An increase in demand
Explanation:
The graph illustrates a shift in demand curves to the right. As a result, the equilibrium price and quantity have increased.
A demand curve will shift to the right due to an increase in demand caused by non-price factors. An increase in demand means that the quantity demanded increases at all the price levels. Factors that may cause an increase in demand include a change in consumer preferences and tastes, an increase in the price of substitute goods, or a rise in demand for a complement product.
Swede Hotel had net income for 2020 of $130,600. Included in net income was depreciation of $2,100, a gain on sale of land of $7,000, loss on sale of equipment of $9,200 and income taxes of $30,700. Using the information given, calculate the net cash provided (used) by operating activities using the indirect method. Assume that the balances of current assets (except cash) and current liabilities remain the same as last year.
Answers
The net cash provided (used) by operating activities using the indirect method is $105,200.
To calculate the net cash provided (used) by operating activities using the indirect method, we need to make adjustments to the net income by adding back non-cash expenses and gains and subtracting non-cash income and losses.
First, we add back the depreciation expense since it is a non-cash expense:
Net income + Depreciation = $130,600 + $2,100 = $132,700
Next, we subtract the gain on the sale of land and add the loss on the sale of equipment since they are non-cash gains and losses respectively:
Net income + Depreciation - Gain on sale of land + Loss on sale of equipment
= $132,700 - $7,000 + $9,200 = $135,900
After adjusting for these items, we have the net income figure that reflects the cash inflows and outflows from operating activities. However, we need to further adjust for income taxes.
To calculate the net cash provided (used) by operating activities, we need to subtract the income taxes:
Net cash provided (used) by operating activities = Net income + Depreciation - Gain on sale of land + Loss on sale of equipment - Income taxes
= $135,900 - $30,700 = $105,200
Therefore, the net cash provided (used) by operating activities using the indirect method is $105,200. This represents the net cash generated or utilized from the day-to-day operations of Swede Hotel during 2020, after considering non-cash items and income taxes.
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A motorcycle worth Rs.29500 was sold at a loss of 40% after an accident.Find the loss and selling price.
Answers
Answer:
the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
Explanation:
The computation of the loss and selling price is shown below:
The selling price is
= Rs 29,500 × 1 ÷ 0.40
= Rs 73,750
And, the loss is
= Rs 73,750 × 40%
= Rs 29,500
Hence, the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
What is the difference between change in quantity supplied and change in supply?
Answers
Answer:
A change in quantity supplied is a movement along the supply curve in response to a change in price. A change in supply is a shift of the entire supply curve in response to something besides price.
Explanation:
Which of the following best explains why a country might specialize in the production of a good?
O Consumers in the country only demand a single good.
O The country believes it is generally better to do one thing really well than multiple things.
The country cannot produce other goods and services.
Specialization allows the country to exchange for more of other goods than it could produce.
Answers
The best explanation for why a country might specialize in the production of a good is specialization allows the country to exchange for more of other goods than it could produce (option D).
Specialization in the production of a particular good enables a country to take advantage of its available resources, labor, and technology to produce that good more efficiently and at a lower cost compared to other countries. As a result, the country can sell its specialized good to other countries in exchange for other goods that it needs but cannot efficiently produce on its own.
For example, if a country specializes in the production of coffee, it can produce coffee beans at a lower cost and higher quality than other countries due to its favorable climate and available resources. The country can then trade its coffee for other goods that it cannot produce as efficiently, such as electronics or machinery.
Specialization also leads to increased productivity and efficiency, as workers can focus on producing a specific good and become highly skilled in that area. This can lead to technological advancements and innovations, which can further improve production efficiency and competitiveness in the global market.
In conclusion, specialization allows a country to leverage its strengths in the production of a specific good, trade it for other goods it needs, and increase productivity and competitiveness.
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how to find the retained earnings if you only have the net income for that year
Answers
Retained Earnings are equal to the sum of Beginning Retained Earnings and Net Income, with the difference being the Dividends.
To find the retained earnings for a year with only the net income available, you need to consider the following steps:
Determine the beginning retained earnings: If you have the beginning retained earnings balance from the previous year's financial statements, use that figure. Otherwise, assume it as zero.
Calculate dividends paid: If information about dividends paid during the year is available, subtract the total dividends paid from the net income. Dividends represent the portion of earnings distributed to shareholders and reduce retained earnings.
Adjust for any prior period adjustments: If there are any prior period adjustments or corrections, make the necessary adjustments to the net income.
Add net income and subtract dividends: Add the net income for the year to the beginning retained earnings. Then, subtract any dividends paid during the year.
Retained Earnings = Beginning Retained Earnings + Net Income - Dividends
The resulting figure will be the retained earnings for that year.
In summary, to find retained earnings with only the net income for the year, you need to consider the beginning retained earnings, dividends paid, and any prior period adjustments.
By adding the net income and subtracting dividends from the beginning retained earnings, you can calculate the retained earnings for that year.
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A brand promise is the overlap between what a company does best and what customers _______. Fill in the blank
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The brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them.
A brand promise is the statement or commitment made by a company to its customers, which reflects what the company does best and what customers expect from them. It is the foundation of the brand and helps to build trust and loyalty with customers. The brand promise represents the unique value proposition that a company offers to its customers, which differentiates it from its competitors. The blank space in the question refers to what customers want or need from the company. Customers expect companies to deliver on their promises, provide high-quality products or services, and create positive experiences that meet their expectations. Therefore, the brand promise should align with the needs, wants, and expectations of the target audience. To create a strong brand promise, companies need to understand their customers' needs and wants, and also assess their strengths and weaknesses. By doing so, they can develop a promise that meets customer expectations and aligns with their core competencies. This will create a unique selling proposition that will differentiate them from competitors and build long-term relationships with customers. In summary, the brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them. By creating a strong brand promise, companies can differentiate themselves from competitors and build long-term relationships with their customers.
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You are the manager of a firm that receives revenues of $20,000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X is −2, and the cross-price elasticity of demand between product Y and X is −1.6.
Required:
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Answers
Answer:
$3,600
Explanation:
Calculation to determine How much will your firm's total revenues change if you increase the price of good X by 2 percent?
Using this formula
Change in Revenue = [PxQx * (1 + Ex) + PyQy * (Ey)] * % change in P
Let plug in the formula
Change in Revenue= [$20,000*(1-2) +$100,000*(1.6)] * 2%
Change in Revenue= [$20,000*(-1) + $100,000*(-1.6)] * 2%
Change in Revenue= [-$20,000 + (-$160,000)] * 2%
Change in Revenue= $180,000*2%
Change in Revenue=$3,600
Therefore how much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent will be $3,600