When answering questions on Brainly, it is important to always be factually accurate, professional, and friendly. Additionally, answers should be concise and provide a step-by-step explanation. Typos and irrelevant parts of the question should be ignored. Here is an answer to the given question: Tax , Tax Wedge, Graph The given graph shows the daily market for wine when the tax on sellers is set at $0 per bottle. Suppose the government institutes a tax of $5.80 per bottle, to be paid by the seller. To see the impact of the tax, enter the value of the tax in the Tax on Sellers field and move the green line to the after-tax equilibrium by adjusting the value in the Quantity field. Then enter zero in the Tax on Sellers field. You should see a tax wedge between the price buyers pay and the price sellers receive.The impact of the tax on sellers is shown in the graph below. The green line represents the demand curve while the orange line represents the supply curve. Before the tax, the equilibrium quantity is 400 bottles of wine and the equilibrium price is $14 per bottle. The sellers receive the entire $14 per bottle.Since the government imposes a tax of $5.80 per bottle on the sellers, the supply curve shifts upwards by $5.80. As a result, the new equilibrium quantity is 280 bottles of wine and the equilibrium price is $17.80 per bottle. The buyers now pay a higher price, while the sellers only receive $12 per bottle. The difference between the price buyers pay and the price sellers receive is called the tax wedge. The tax wedge is $5.80 per bottle, which is the same as the tax amount imposed by the government.
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?Pick an age 10 or so years in the future — and write a letter to yourself as if you are a friend or mentor.
Answer: Don't try to be accepted bye anyone, the only person you need to impress and strive to be accepted by is yourself.
Explanation:
How does a subscription business model function?
A. By asking the government to tax the customers
B. By relying on a series of one-time sales
C. By relying on contracts that bring in a predictable source of
revenue
D. By asking customers to pay costs to the government
Answer:
B.
Explanation:
1.
What plays a role in supply and demand by influencing consumers to seek out particular brands or markets?
labor
integration
elasticity
advertising
Answer:
Advertising its part if marketing and brands
3. Question 3 Fill in the blank: Working for companies _____ means you'll work on a project-by-project basis, but not as a full-time employee.
Answer:
on a contract
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Any employee working for companies on a contract simply means or implies that, he or she work on a project-by-project basis rather than as a full-time employee.
For instance, a freelancer is someone who offers or provides his or her service to other employer of labor (business organization) without entering into a long-term contractual agreement.
A 120 volt circuit is operating under normal load, how much voltage is present at the grounding conductor
Answer:
0 V
Explanation:
The grounding conductor is used to provide a grounding connection for equipment and devices. Under normal conditions, the grounding conductor has no current passing through it and no voltage. During a fault, the grounding conductor serves as a pathway for current so that the device would not be damaged.
The ground serve as a reference potential (0 V) used for the flow of current from the source to the load.
Those who manage the work on the front lines are most involved with what component of the planning process?.
Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year
What is more about planning process.Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.
A manufacturer developing a plan to increase sales by 30% is an example of operational planning.
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HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
You may need to use the appropriate appendix table to answer this question.
Only 0.03% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 20,000 credit cards in the city of Memphis. Use the Poisson probability tables to answer the following questions. (Round your answers to four decimal places.)
What is the probability that during the next month in the city of Memphis, every credit card is lost or stolen?
The probability that during the next month in the city of Memphis, every credit card is lost or stolen is approximately 0.0025.
We are given that the proportion of credit card holders who report loss or theft of their credit cards is 0.03%. We have to find the probability that every credit card is lost or stolen during the next month in the city of Memphis.
To solve the above problem, we have to use the Poisson distribution formula.
Poisson distribution formula is:
P(x; μ) = (e^-μ) (μ^x) / x!
Here,x = 0 (every credit card is lost or stolen)
μ = mean or average number of successes in the given time interval= λ × t, where
λ = rate of success, which is the expected number of successes per unit time or space.
For this problem,λ = number of credit card holders who report loss or theft of their credit cards= 0.03% of 20,000 (credit cards in the city of Memphis)= 0.03/100 × 20,000= 6
t = time interval = 1 month
Now, let’s put the values of λ and t into the formula:
P(x = 0; μ) = (e^-μ) (μ^x) / x
!P(x = 0; 6) = (e⁻⁶) (6^0) / 0
\!P(x = 0; 6) = (e⁻⁶)
Therefore, the probability that during the next month in the city of Memphis, every credit card is lost or stolen is approximately 0.0025.
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how do you become popular
Answer:
Spread the word; advertisements
Explanation:
In order to get popular you need to spread the word about your business, you needadvertisementst,s and sometimes even create your own website. Some website makers include Wix.
On month 5 of a project, the SPI of the project is 1.10. What can you determine about the project based on this SPI?
a) The project may be ahead of schedule
b) The project may be behind schedule
c) The project’s cost may overrun
d) The project cost is under control
On month 5 of a project, if the SPI of the project is 1.10, we can determine that the project may be ahead of schedule. The Schedule Performance Index (SPI) is a project management metric that calculates the project's progress in relation to the established schedule.
The formula for calculating SPI is: SPI = EV ÷ PV.
The Earned Value (EV) is the value of the work performed to date. It is the amount of the total project budget allocated to the specific work package multiplied by the % complete of that package.
Planned Value (PV) is the budgeted cost for the work scheduled to be completed at the time of measurement.To sum up, in the context of the question above, if the SPI is greater than 1, it means that the project is ahead of schedule. On the other hand, if the SPI is less than 1, it means that the project is behind schedule.
Therefore, we can determine that the project may be ahead of schedule based on the given information.
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Hannah, an engineer for an oil company, is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates ____ to potential employers.
Options :
A. independence, resourcefulness, and discipline
B. good management skills
C. independence and strong leadership skills
D. independence, resourcefulness, and entrepreneurship
E. discipline and a strong will
Answer: D. independence, resourcefulness, and entrepreneurship
Explanation: Exposure offers a lot in terms of experience to those who choose to be. In terms of career, being exposed to one's field of choice in a different or foreign climate, terrain and culture is often of huge importance to one's credential or portfolio as it demonstrates key elements requires to make one standout among peers. It shows one's capability to survive and adapt and be independent in a somewhat unfamiliar terrain. It also provide invaluable experience hence making one very resourceful while also demonstrating one's entrepreneurial capability. These skills gives who posses them an edge among peers and are tempting to potential employers.
3) Selected unadjusted accounts for Big Red Paper Company on December 31, 2022 are presented below: Office Salaries Expense Interest Revenue Cost of Goods Sold Sales Sales Salaries Expense Store Suppl
a) The Multiple Step Income Statement for the year is as follows:
Big Red Paper Company
Income Statement
For the Year Ended December 31, 2022
Sales $940,500
Cost of Goods Sold (690,750)
Gross Profit $249,750
Operating Expenses:
Office Salaries Expense (85,000)
Sales Salaries Expense (90,000)
Store Supplies Expense (10,250)
Office Supplies Expense (9,500)
Total Operating Expenses (194,750)
Operating Income $54,000
Other Income and Expenses:
Interest Revenue $12,000
Interest Expense (15,750)
Net Other Income/(Expenses) (3,750)
Income Before Taxes $50,250
Income Tax Expense -
Net Income $50,250
b) The journal entry to close the adjusted temporary accounts is as follows:
Date: December 31, 2022
Income Summary 50,250
Sales Salaries Expense 90,000
Office Salaries Expense 85,000
Store Supplies Expense 10,250
Office Supplies Expense 9,500
Interest Revenue 12,000
Interest Expense 15,750
------
Total 272,750
Unearned Revenue 15,750
Sales 940,500
-------
Total 956,250
Retained Earnings 50,250
Dividends 25,000
Net Income 50,250
-------
Total 75,250
a) The Multiple Step Income Statement is prepared to present the company's revenues, expenses, and net income in a structured format. It includes separate sections for sales, cost of goods sold, gross profit, operating expenses, other income and expenses, income before taxes, income tax expense, and net income. The figures provided in the question are used to calculate these amounts.
b) Closing the adjusted temporary accounts involves transferring their balances to the appropriate permanent accounts. The journal entry debits the Income Summary account for the net income and credits the respective expense accounts for their balances. It also credits the Unearned Revenue account for the amount of revenue earned and debits the Sales account for the total sales. Lastly, it credits the Retained Earnings account for the net income and debits the Dividends account for any dividends declared. The resulting balances in the temporary accounts will be zero, and the income and dividend amounts will be reflected in the Retained Earnings account.
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The complete question is:
3) Selected unadjusted accounts for Big Red Paper Company on December 31, 2022 are presented below: Office Salaries Expense Interest Revenue Cost of Goods Sold Sales Sales Salaries Expense Store Supplies Expense Office Supplies Expense Interest Expense Dividends Unearned Revenue 85,000 12,000 690,750 940,500 90,000 15,000 10,250 9,500 15,750 25,000 a) Prepare a Multiple Step Income Statement for the year. 3-column format and 3-line header are required. b) Using the data above, close the adjusted temporary accounts in journal entry format.
Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a:
Danielle's journal entry to record this transaction would include a:credit to common stock.
What is Journal entry?Journal entry is simply the book of original entry.
Assuming the company received the amount of $2,000,000 from investors and issued them shares of its stock the appropriate journal entry to record this transaction would include a credit to common stock,
Journal entryDebit Cash $2,000,000
Credit Common stock $2,000,000
Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.
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contracts that legally bind only one of the parties to future performance are classified as which of the following? a utmost good faith contracts b unilateral contracts c contracts of adhesion d warranties
Contracts that legally bind only one of the parties to future performance are classified as unilateral contracts. So, correct option is B.
In a unilateral contract, one party makes a promise to do something in exchange for the other party's performance. The offeror expects the offeree to accept the offer by performing the requested action. If the offeree performs the requested action, then the offeror is legally obligated to fulfill their promise.
A common example of a unilateral contract is a reward offer. The offeror promises to pay a certain amount of money to anyone who finds and returns a lost item.
The offeree can accept the offer only by performing the requested action, i.e., finding and returning the lost item. If the offeree performs the requested action, then the offeror is legally obligated to pay the promised reward.
Unilateral contracts are different from bilateral contracts, where both parties make promises to each other. In a bilateral contract, each party is obligated to fulfill their promise to the other party.
Therefore, correct option is B.
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Language is the most complex challenge global marketers face.
True
False
Answer: False
Explanation:
Write a generalization about the relationship between price and the quantity supplied
Answer:
PRICE CHANGES
Price and quantity supplied are directly related. As price goes down, the quantity supplied decreases; as the price goes up, quantity supplied increases. Price changes cause changes in quantity supplied represented by movements along the supply curve.
_____ reprocess a good or service they buy before selling it again to the next buyer.
Industrial firms in some way reprocess a product or service they buy before selling it again to the next buyer.
A business that produces capital goods, which are typically utilized in manufacturing or construction, is known as an industrial corporation.Some of the biggest businesses in the US are found in the industrial products industry. Additionally mentioned are General Electric, Honeywell, Union Pacific, Caterpillar, 3M, Dow Chemical, and Boeing.According to size, the 11 sectors are arranged as follows: Consumer discretionary, communication services, industrials, consumer staples, energy, utilities, real estate, materials, information technology, health care, and other sectors are also included.To know more about Industrial firms here
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YO CAN YALL SEND HELP MY BRAIN ISNT WORKING TODAY
Which of the following statements are true of hacking? Check all of the boxes that apply.
-It is the practice of cutting network cables to damage a network infrastructure.
-It is the practice of finding weaknesses in a computer or computer network.
-It is always illegal.
-It is sometimes practiced by network security professionals.
Answer:
B and D
Explanation:
The statements true of hacking are
It is the practice of finding weaknesses in a computer or computer network.It is sometimes practiced by network security professionals.What is hacking?Computer hackers who are motivated by monetary gain engage in illegal conduct when they attempt to attack digital equipment like computers. This is known as hacking.
They start experimenting with different applications while they look for online instruction. Due to their inexperience and potential for initial perception as little more than an internet troll or beginner.
As opposed to building security systems, breaching them involves greater knowledge and skill. Hackers cannot be neatly grouped together according to any absolute standards in order to gain confidential information.
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Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)
Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie
Assume that Idle Industries can have a high value = $75.6 or a low value = $63 next year. (These values already account for the manager’s base salary, but they do not account for a possible bonus.) The likelihood of a high value depends on the effort expended by the manager. If the effort is high, then the (risk-neutral) probability of a high value is 2/3, and if the effort is low, then the (risk-neutral) probability of a high value is it is 1/3. The manager’s base salary is $5 and the high effort level costs the manager the equivalent of $2 in lost time and perquisites, so without an incentive the manager will choose a low effort. The risk-free rate is 5%.
a. What is the present value of Idle if the manager is not offered a bonus? Assume that the manager is risk neutral, so that she cares about the expected value of her net pay (less the cost of effort if any), and a bonus contingent on Idle’s value turning out to be high will be offered to the manager.
Fact given : Assume that the manager is risk neutral, so that she cares about the expected value of her net pay (less the cost of effort if any), and a bonus contingent on Idle’s value turning out to be high will be offered to the manager. b. How large a bonus must be offered in order to convince the manager to put forth a high effort? c. What is the present value of Idle if the manager is offered such a bonus?
b. How large a bonus must be offered in order to convince the manager to put forth a high effort?
Case fact :Now assume that the manager is risk averse, so that she cares about the expected value of the natural logarithm of her net pay (less the cost of effort if any), and a bonus contingent on Idle’s value turning out to be high will be offered to the manager. (Hint: Remember the rules of manipulating logarithms, a × ln(x) = ln(xa), ln(x) + ln(y) = ln(xy), ln(x) – ln(y) = ln(x/y), and exp{ln(x)} = eln(x) = x.)
c. What is the present value of Idle if the manager is offered such a bonus? Now assume that the manager is risk averse, so that she cares about the expected value of the natural logarithm of her net pay (less the cost of effort if any), and a bonus contingent on Idle’s value turning out to be high will be offered to the manager. (Hint: Remember the rules of manipulating logarithms, a × ln(x) = ln(xa), ln(x) + ln(y) = ln(xy), ln(x) – ln(y) = ln(x/y), and exp{ln(x)} = eln(x) = x.)
d. How large a bonus must be offered in order to convince the manager to put forth a high effort?
e. What is the present value of Idle if the manager is offered such a bonus?
f. Repeat parts a, b, and c assuming that if the effort is high, then the (risk-neutral) probability of a high value is 1, and if the effort is low, then the (risk-neutral) probability of a high value is it is 0.
a. Present value of Idle without a bonus is approximately $68. b. A bonus of $23 must be offered to convince the manager to put forth a high effort. c. Present value of Idle with the bonus is approximately $89.90. d. To convince the risk-averse manager to put forth a high effort, a bonus of approximately $1.1667 must be offered. e. The present value of Idle, considering the bonus and the risk-averse manager's preferences, is approximately $69.10. f. With the changed probability distribution, the present value of Idle without a bonus is approximately $72, no bonus is required to incentivize high effort, and the present value with the bonus is approximately ($75.6 + Bonus) / 1.05.
a. To calculate the present value of Idle if the manager is not offered a bonus, we need to determine the expected value of Idle's future value and discount it to the present using the risk-free rate.
The expected value of Idle's future value can be calculated as follows:
Expected Value = (Probability of High Value * High Value) + (Probability of Low Value * Low Value)
= (2/3 * $75.6) + (1/3 * $63)
= $50.4 + $21
= $71.4
Present Value = Expected Value / (1 + Risk-Free Rate)
= $71.4 / (1 + 0.05)
= $68
Therefore, the present value of Idle, without a bonus, is approximately $68.
b. The manager should receive the same expected net pay (less the cost of effort) for both high and low efforts.
The net pay for high effort is the high value minus the cost of effort:
Net Pay (High Effort) = High Value - Cost of Effort
= $75.6 - $2
= $73.6
The net pay for low effort is the low value:
Net Pay (Low Effort) = Low Value
= $63
Since the manager is risk-neutral, she cares about the expected value of her net pay.
Expected Net Pay (High Effort) = Expected Net Pay (Low Effort)
Expected Value (High Effort) - Cost of Effort = Expected Value (Low Effort)
Solving for the expected value:
Expected Value (High Effort) = Expected Value (Low Effort) + Cost of Effort
Expected Value (High Effort) = (1/3 * $63) + $2
Expected Value (High Effort) = $21 + $2
Expected Value (High Effort) = $23
c. The present value of Idle, considering the bonus, can be calculated in a similar manner to part a. We add the bonus to the expected value and discount it using the risk-free rate.
Expected Value with Bonus = Expected Value + Bonus
= $71.4 + $23
= $94.4
Present Value with Bonus = Expected Value with Bonus / (1 + Risk-Free Rate)
= $94.4 / (1 + 0.05)
= $89.90
d. To determine the bonus required to convince the risk-averse manager to put forth a high effort, we need to calculate the expected value of the natural logarithm of the net pay for both high and low efforts.
Expected ln(Net Pay) (High Effort) = ln(High Value - Cost of Effort)
= ln($75.6 - $2)
= ln($73.6)
Expected ln(Net Pay) (Low Effort) = ln(Low Value)
= ln($63)
The manager is risk-averse and cares about the expected value of the natural logarithm of her net pay. To make the manager indifferent between high and low efforts, the expected logarithm values should be equal.
Expected ln(Net Pay) (High Effort) = Expected ln(Net Pay) (Low Effort)
ln($73.6) = ln($63)
Bonus = exp(ln($73.6) - ln($63))
= exp(ln($73.6 / $63))
= exp(ln(1.1667))
= 1.1667
e. Similar to part c, the present value of Idle, considering the bonus and the risk-averse manager's preferences, can be calculated by adding the bonus to the expected value of the natural logarithm and discounting it using the risk-free rate.
Expected ln(Net Pay) with Bonus = ln(Expected Value + Bonus)
= ln($71.4 + $1.1667)
= ln($72.5667)
Present Value with Bonus = exp(Expected ln(Net Pay) with Bonus) / (1 + Risk-Free Rate)
= exp(ln($72.5667)) / (1 + 0.05)
= $72.5667 / 1.05
= $69.10
f. Assuming the probability distribution changes, where the probability of a high value is 1 for high effort and 0 for low effort, we can recalculate the present value and bonus requirements.
a. The present value of Idle without a bonus would simply be the expected value of the high value, discounted using the risk-free rate:
Present Value = High Value / (1 + Risk-Free Rate)
= $75.6 / (1 + 0.05)
= $72
b. Since the probability of a high value is 1 for high effort, no bonus is required to incentivize the manager to put forth a high effort.
c. With a bonus contingent on high value, the present value can be calculated as the sum of the high value and the bonus, discounted using the risk-free rate:
Present Value with Bonus = (High Value + Bonus) / (1 + Risk-Free Rate)
= ($75.6 + Bonus) / (1 + 0.05)
= ($75.6 + Bonus) / 1.05
d. Since the probability of a high value is 1 for high effort, no bonus is required to convince the manager to put forth a high effort.
e. Using the same formula as in part c, the present value of Idle with a bonus can be calculated as:
Present Value with Bonus = ($75.6 + Bonus) / (1 + 0.05)
= ($75.6 + Bonus) / 1.05
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macroeconomics. monitary policy
Central banks will buy bonds to take money out of their respective banking systems
true or false
The statement "Central banks will buy bonds to take money out of their respective banking systems" is a true statement, and it is a part of the monetary policy in macroeconomics.
Macroeconomics is a branch of economics that studies the economy as a whole rather than individual markets.
Macroeconomics focuses on various large-scale economic aspects such as inflation, economic growth, gross domestic product (GDP), interest rates, and unemployment.
Monetary policy-
Monetary policy is the process by which a country's central bank manages the supply and availability of money in the economy, often targeting inflation and economic growth.
Central banks implement monetary policy to influence the economy by influencing interest rates, the supply of money, and credit availability.
Central banks may use various monetary policy tools to achieve their goals. Central banks buying bonds to reduce the supply of money in circulation is one such tool.
This helps to keep inflation under control and maintain economic stability.
Hence, the statement "Central banks will buy bonds to take money out of their respective banking systems" is a true statement, and it is a part of the monetary policy in macroeconomics.
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Which of the five Rs of good governance in sport refers to systems that report organizational governance structures, constitutions, legal control mechanisms, event selection criteria, and codes of eligibility, conduct, and ethics?
Answer: Regulations
Explanation: Regulations as related to good governance in sports encompasses the structural and most of the non-technical requirements and injunctions required to maintain a good organizational structure. It may be explained as a management skeleton or framework which is very paramount in the orderly control and Maintainace of any organized body. The legal processes and procedures, ethical standards, code of conduct. The other R's include rules, ranking, records and result.
demand is said to be inelastic if question 5 options: a) demand shifts only slightly when the price of the good changes. b) buyers respond substantially to changes in the price of the good. c) the quantity demanded changes only slightly when the price of the good changes. d) the price of the good responds only slightly to changes in demand
Demand is said to be inelastic if the quantity demanded changes only slightly when the price of the good changes (option C).
What is inelastic demand?Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand is the ratio of percentage change in the quantity demanded to the percentage change in the price of the good. Demand can either be elastic, inelastic or unit elastic.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
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Market failure associated with the free-rider problem is a result of.
Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
What is market failure?Market failure refers to a situation when there's an inefficient distribution of resources in the market.
Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.
Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
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What is the primary purpose of ABC's T.R.A.C.E. program?
The primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
What is the ABC's TRACE program?The program involves a protocol that allows first responders to respond immediately by notifying ABC when an incident involves a person under 21 and an alcoholic beverage that results in great bodily injury or death.
Hence, the primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
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What does the big Mac index show
Blueroot Inc. is considering a change in its financing policy. Currently, it uses maximum trade credit by not taking discounts on its purchases. The standard industry credit terms offered by all its suppliers are 2/10 net 30 days, and the firm pays on time. The new CFO is considering borrowing from its bank, using short-term notes payable, and then taking discounts. The firm wants to determine the effect of this policy change on its net income. Its net purchases are $11,760 per day, using a 365-day year. The interest rate on the notes payable is 10%, and the tax rate is 40%. If the firm implements the plan, what is the expected change in net income?
Answer:
net income should increase by $38,448
Explanation:
net purchases per day = $11,760
net purchases x 20 days = $11,760 × 20 = $235,200
interest expense = $235,200 × 10% = $23,520
the gross amount purchased during the 20 day period:
= (net purchases × 365) ÷ (1 - discount rate) = ($11,760 × 365 days) ÷ (1 - 0.02) = $4,292,400 / 98% = $4,380,000
lost discounts = $4,380,000 × 2% = $87,600
the after tax change in net income = ($87,600 - $23,520) × (1 - 40%) = $64,080 × 60% = $38,448
Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5.50 percent for 30 years. Their monthly payment is $410.66. How much of the first monthly payment is used to reduce the principal?
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
Here are the comparative income statements of delaney corporation. delaney corporation comparative income statements for the years ended december 31 2020 2019 net sales $598,000 $500,000 cost of goods sold 477,000 420,000 gross profit 121,000 80,000 operating expenses 80,000 44,000 net income $ 41,000 $ 36,000 (a) prepare a horizontal analysis of the income statement data for delaney corporation, using 2019 as a base. (show the amounts of increase or decrease. )
Decide on Time Periods. Decide the time periods you'll be comparing first by selecting them carefully, then collect data. The following stage is to determine the data you require, calculate the percentage change, analyze the data, and compare the outcomes.
What is a horizontal analysis explain?The Delaney Corporation's comparative income statements are shown below. 2020 2019 Net Sales Comparative Income Statements for the Years Ended December 31 for Delany Corporation Cost of goods sold: $598,080; revenue: $500,000 477,000 420,000 in revenue 121,000 80,000 in operating costs 80,000 44,000 $ 41,000 $ 36,000 in net income.
A technique called horizontal analysis is used in financial statements to compare line items over a number of years in order to track an organization's development and past performance. In other words, this kind of analysis is used by analysts to compare performance indicators or accounts across a specific time frame. The number of each account on the financial statement for the current year is compared to the same account for the prior year to determine if there was an increase or reduction in that account.
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Lindsay needs to purchase a car. The car Lindsay is planning on
purchasing costs $10,000 and Lindsay has $1,000 that they will be using
as a down payment. Lindsay is offered credit terms of 3% APR for a term
of 2 years. Please calculate the following:
a. To purchase the car, what is the dollar amount that Lindsay will need to
finance? (1 point).
b. In one year, what is the dollar amount of interest that Lindsay will pay
on the loan? (Principal X Rate X Time) (1 point)
C. In two years, in order for Lindsay to finally OWN the car, what will the
actual cost of the car be in dollars? (2 points) (down payment+amount
financed+ 2 years interest=actual cost of car)
The quantity a lender costs a borrower and is a percent of the principal of the quantity loaned; is called as an interest rate. The total amount of interest she will pay is $418.68
What do you mean by interest on a loan?
A mortgage is normally mentioned on an annual foundation referred to as the once-a-year percent fee (APR). It is known as interest rate.
As per the information,
Costs = $10,000, Down payment is equal to $1,000; where PV is the amount owing = $9,000
Rate of interest is 3%, that is 3%/12 = 0.0025;
n is the number of periods = 3 x 12 = 36 months.
A) The dollar amount that Lindsay will need to finance is $9,000
B) Now, to calculate the installment amount to be paid that is P:
\(PV = P(\frac{1 - (1 + r)^{-n} }{r} )\\\\)
\(9,000 = P(\frac{1 - (1 + 0.0025)^{-36} }{0.0025} )\\\\\\9,000 = P\frac{ ( 1 - 0.9140)}{0.0025} \\\\9,000 = 34.4P\\\\P = $261.63\\\\Hence, the amount of installment that she will pay = \$261.63\)
C)The actual cost of the car after financing = $1,000 + $261.63 x 36 = $10418.68
The total amount of interest she will pay = $10418.68 - $10,000 = $418.68
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