Answers
My most important achievement in the past month would be Completing a challenging project or assignment and receiving positive feedback from the teacher or professor.
What made this accomplishment important ?Completing a challenging project or assignment and receiving positive feedback from the teacher or professor can be a significant achievement for a senior student.
It requires hard work, dedication, and the ability to overcome obstacles and push oneself to achieve a high level of performance.
Receiving positive feedback from a teacher or professor can be a powerful motivator and can help build confidence in one's abilities. It can also provide valuable insight into areas of strength and areas that could use improvement, allowing the student to continue to grow and develop their skills.
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Related Questions
Marie is expected to receive $25,000 at the end of 7 years. If the interest rate is 10% per year, how much is it worth at the end of 10 years?
Answers
To generate higher profits, producers must work to
increase their total supply.
increase their total expenses.
decrease their customer base.
decrease their production costs.
Answers
To generate higher profits, producers must work to decrease their production costs which is option d.
What do consumers and producers mean in economics?Producers and consumers are the ones who conduct the purchasing and selling. Consumers use their money to purchase the items and services that producers make. The majority of people are both producers and consumers. A producer is someone who creates or offers a specific good (product) or service.
What function does a producer serve in the economy?A producer is a person who develops and provides products or services. Producers combine labor and capital, often known as factor inputs, to produce, or turn into something else. The primary producers that economists typically think of when referring to producers are business firms.
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Answer
D.)
Explanation: did test
Stargel Inc. common stock was $119.70 on December 31, 2014.
Stargel Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Retained earnings, January 1 . . . . . . . . . . . . . .$5,375,000 $4,545,000
Add net income for year . . . . . . . . . . . . . . . . . . . 900,000 925,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6,275,000 $5,470,000
Deduct dividends:
On preferred stock . . . . . . . . . . . . . . . . . . . . . . $ 45,000 $ 45,000
On common stock. . . . . . . . . . . . . . . . . . . . . . . . .50,000 50,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 95,000 $ 95,000
Retained earnings, December 31 . . . . . . . . . . .$6,180,000 $5,375,000
Stargel Inc.
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Sales (all on account) . . . . . . . . . . . . . . . . . . . $10,050,000 $9,450,000
Sales returns and allowances . . . . . . . . . . . . . . .50,000 50,000
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000,000 $9,400,000
Cost of goods sold. . . . . . . . . . . . . . . . . . . . . . 5,350,000 4,950,000
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,650,000 $4,450,000
Selling expenses . . . . . . . . . . . . . . . . . . . . . . .$ 2,000,000 $1,880,000
Administrative expenses . . . . . . . . . . . . . . . . . 1,500,000 1,410,000
Total operating expenses . . . . . . . . . . . . . . . . $ 3,500,000 $3,290,000
Income from operations . . . . . . . . . . . . . . . . . $ 1,150,000 $1,160,000
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . .150,000 140,000
$ 1,300,000 $1,300,000
Other expense (interest) . . . . . . . . . . . . . . . . . . 170,000 150,000
Income before income tax . . . . . . . . . . . . . . . $ 1,130,000 $1,150,000
Income tax expense . . . . . . . . . . . . . . . . . . . . . .230,000 225,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 900,000 $ 925,000
Stargel Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1.
20Y2 20Y1
Assets
Current assets:
Cash $500,000 $400,000
Marketable securities 1,010,000 1,000,000
Accounts receivable (net) 740,000 510,000
Inventories 1,190,000 950,000
Prepaid expenses 250,000 229,000
Total current assets $3,690,000 $3,089,000
Long-term investments 2,350,000 2,300,000
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $9,780,000 $8,755,000
Liabilities
Current liabilities $900,000 $880,000
Long-term liabilities:
Mortgage note payable, 10% $200,000 $0
Bonds payable, 10% 1,500,000 1,500,000
Total long-term liabilities $1,700,000 $1,500,000
Total liabilities $2,600,000 $2,380,000
Required:
Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent. Assume 365 days a year.
Return on total assets %
Return on stockholders’ equity %
Return on common stockholders’ equity %
Answers
Working Capital = Current Assets - Current Liabilities
Working Capital = $36,90,000 - $900000
Working Capital = $27,90,000
Answer 2.
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $36,90,000 / $900000
Current Ratio = 4.1
7) Number days' sales in inventory = (Inventory/Cost of goods sold) * 365 days
=(11,90,000 / 53,50,000) * 365 days = 81.18 days approx
8) Ratio of fixed assets to long-term liabilities = Fixed Assets/Long Term Liabilities
=(2350000+3740000) / 1700000= 3.58 times
9) Ratio of liabilities to stockholders' equity = Total Liabilities/stockholders' equity
=26,00,000 / 71,80,000
=0.36211 times
10) Number of times interest charges are earned = Earnings Before Interest & Tax / Interest Expense
= 1300000 / 170000 = 7.64 times
11) Number of times preferred dividends are earned = Dividend on preferred stock/preferred stock
= 45000 / 500000
=0.09 times
12) Ratio of sales to assets = Net Sales (Total Sales-Sales Return)/Total Assets
= 10,000,000 / 9780000
= 1.022 times
13 ) Rate earned on total assets = Net Income/Average Total Assets(Opening+closing Total Assets)/2
=900000 /(8755000+ 97,80,000)/2
=900000/ 9267500
=0.09711 times or 9.711 %
14) Rate earned on stockholders' equity = Net Income/Average Stockholders' Equity(opening+closing stockholders' Equity)/2
=900,000/(6375000+7180000)/2
=900000/6777500
=0.132 or 13.27 %
15) Rate earned on common stockholders' equity=
(Net Income - Dividend on Preferred stock)/Average Common Stock(opening + closing common stockholders' equity)
=(900000-45000)/(500000+500000)/2
=855000/500000
=1.71 times
16. Earnings per share on common stock = (Net Income - Dividend on Preferred stock)/Common Stock(in numbers)
=(900000-45000)/100000
=8.55 times
17) Price-earnings ratio = Market Price per share/ Earnings per share
=119.70(given)/8.55
=14 times
18) Dividends per share of common stock = Dividend to common stock/common stock (in number)
=50000 / 100000
=0.5 times
19) Dividend yield = Dividends per share of common stock/Market Price per share
=(0.5 /119.70) * 100
= 0.835%
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Emily owns a landscaping business. She offers one-time services to mow, trim the edges, and pull weeds. Emily also offers a monthly subscription service in which the customer can sign up to have their landscaping done twice each month on a continuing basis. For the previous month, Emily collected $2,002 for the monthly subscription services and $1,763 in one-time landscape services. Emily had to purchase a new riding mower for the month which costs $2,076. The businesses overhead for the period was $1,955.
Is this business profitable?
Answers
The business is profitable.
Determining if the business is profitableIn order to determine the profit, of the business, total revenue would be subtracted from the overhead cost.
Profit = total revenue - overhead cost
Total revenue = monthly subscription + one-time landscape services
($2002 + $1763) = $3765
$3765 - $1955 = $1810
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The form of currency no longer backed by gold is called______
money.
Answers
Answer:
flat money
Explanation:
Leondra looks over her Algebra homework and says to herself ""I’m probably not going to be able to do this - I’m just not a math person."" Leondra is exhibiting a
Answers
Answer:
Fixed mindset
Explanation:
Mindset could be explained as an individual's psychological state which often transcends into how we perceive challenges, what we can do and what we can't. Usually the ability to solve a puzzle, face and conquer a challenge starts and ends with an individual's mindset as it is where either the strength to execute or depression to walkway is derived.
The growth mindset gives individuals who exhibit the trait the strength and morale to face challenges, instead of backing out without trying, they try to find ways of constantly improving at what seems difficult.
On the other hand, the fixed mindset which is what is exhibited by Leandro could be deemed as a rigid type of notion whereby an individual believes all he knows and all he can do are already fixed, hence anything aside those cannot be successfully executed this kind of individuals fail to try new challenges.
#14 Diagnosis reference numbers are entered on the CMS-1500 claim to:
a. report mortality data
b. justify medical necessity
c. analyze quality of services provided
d. report morbidity data
Answers
Answer:
analyse quality of service provided .
Explanation:
The Diagonsis reference number is useful thingIt is used to determine the importance of service provided and the relationship with providers. It starts from primary diagnosisOption C
Submission Requirements Hurry Pls Help ASAP!!!
Nine hundred word response.
When submitting written assignments, please remember to:
Submit the assignment question(s) and your responses.
Proofread for spelling, grammar, and punctuation.
Remember complete sentence structure.
Paragraphs need to have minimum of six sentences.
Submit your E.T.H.I.C.S. model of one of the provided scenarios.
Answers
When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.
What is meant by Proofread?Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.
Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.
Thus, option B is correct.
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Gregory visited a prospect for the first time this morning, chatted a while with
him, engaging in friendly conversation before making a detailed and lively
presentation of the products he has to offer. He then sought to close the sale,
addressed some doubts that the client had, and still the client wouldn't
commit. What important step has Gregory missed during his time with the
client?
A. Filling out customer information forms
B. Making the presentation
C. Assessing the client's needs
D. The approach
Answers
Answer: C assessing the clients needs
The important step which Gregory has missed during his time with the client is:
C. Assessing the client's needsAccording to the given question, we can see that Gregory is a prospector who went to meet with a client, gave a presentation of what he had to offer, but the client would not commit
As a result of this, the important step which Gregory has missed during the time which he spent with his client is the fact that he did not assess the needs of his client which was improper and caused him not to commit.
Therefore, the correct answer is option C
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design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
Answers
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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Inflation, nominal interest rates, and real rates. From 1991 to 2000, the U.S. economy had an annual inflation rate of around %. The historical annual nominal risk-free rate for this same period was around %. Using the approximate nominal interest rate equation and the true nominal interest rate equation, compute the real interest rate for that decade. What is the estimated real interest rate using the approximate nominal interest rate equation for that decade?
Answers
Answer:
the question is incomplete:
nominal interest rate = 5.07%
real interest rate = ?
inflation rate = 3.45%
approximate real interest rate = 5.07% - 3.45% = 1.62%
real interest rate = [(1 + 5.07%) / (1 + 3.45%)] - 1
real interest rate = (1.0507/1.0345) - 1 = 1.57%
A firm can establish a sustainable competitive advantage over competitors if:
Answers
Answer:
it provides its customers benefits similar to its competitors but at a lower price
Explanation:
N/A
A firm can establish a sustainable competitive advantage over competitors if they are outperforming another contender.
What is firm?When a business offers its clients advantages similar to those of its rivals but at a cheaper cost, it has an edge over its competitors. This is caused by the fact that all creates its goods at a considerably lower price than its rivals.
When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.
When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.
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Which of the following is likely to increase the value of a country's currency?
Answers
Higher interest rates in a country can increase the value of that country's currency relative to nations offering lower interest rates. Political and economic stability and the demand for a country's goods and services are also prime factors in currency valuation.
when you have key information about a company's products and services and use it to help customers understand how these products and services will meet their needs, you have
Answers
When you have key information about a company's products and services and use it to help customers understand how these products and services will meet their needs, you have product knowledge. Having a strong understanding of a company's products and services is essential for sales and customer service professionals, as it allows them to effectively communicate the features and benefits of the products to customers. By using product knowledge to help customers understand how a product or service can meet their needs, sales and customer service professionals can improve customer satisfaction and increase sales.
Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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Elana has opened a new aerobics studio in her area. How might Elana use social media as a market to spread the word about her new studio?
Answers
Elana can use social media as a marketplace to promote her new studio in a variety of ways such as:
Creating social media adsCreating valuable content for your target audienceStrengthening the relationship with your consumersHow does social media help a business grow?Social networks are easy-to-use and inexpensive platforms for sharing ideas, advertising, etc. It is a medium where potential consumers can be found who can engage with valuable content posted by a company and be interested in it.
Therefore, social media can help Elana develop her business through direct advertising and reaching a wider audience.
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What budgeting tip(s) would help you to stay on track
financially?
a.Find a friend with similar goals and hold each other
accountable
b.Put aside fun money in your budget so you're not
missing out
c.Only use your closest gas station to fill up gas
d.All of the above
Answers
Answer:
d. All of the above
Explanation:
Addenda E of the Resource Pack of Business Studies
Answers
Answer:
????????????????
Explanation:
?????????
Firms HL and LL are identical except for their leverage ratios and the interest rates they pay on debt. Each has $25 million in invested capital, has $5 million of EBIT, and is in the 40% federal-plus-state tax bracket. Firm HL, however, has a debt-to-capital ratio of 55% and pays 11% interest on its debt, whereas LL has a 20% debt-to-capital ratio and pays only 10% interest on its debt. Neither firm uses preferred stock in its capital structure.
1. Calculate the return on invested capital (ROIC) for each firm. Round your answers to two decimal places.
ROIC for firm LL is %
ROIC for firm HL is %
2. Calculate the rate of return on equity (ROE) for each firm. Round your answers to two decimal places.
ROE for firm LL is %
ROE for firm HL is %
3. Observing that HL has a higher ROE, LL's treasurer is thinking of raising the debt-to-capital ratio from 20% to 60%, even though that would increase LL's interest rate on all debt to 15%. Calculate the new ROE for LL. Round your answer to two decimal places.
Answers
Answer:
A. ROIC for firm LL 12%
ROIC for firm HL 12%
B. ROE for firm LL 13.5%
ROE for firm HL 18.6%
C. New ROE for firm LL 16.5%
Explanation:
A. Calculation to determine the return on invested capital (ROIC) for each firm
Using this formula
ROIC=EBIT(1-T)/Total Invested Capital
Let plug in the formula
ROIC=$5 million(1-.40)/$25 million
ROIC=$5 million*.60/$25 million
ROIC=$3 million/$25 million
ROIC=0.12*100
ROIC=12% for both firms
Therefore the return on invested capital (ROIC) for each firm is:
ROIC for firm LL is 12%
ROIC for firm HL is 12%
B. Calculation to determine the rate of return on equity (ROE) for each firm.
Calculation for ROE for firm LL
First step is to calculate the Debt
Debt=$25 million*20%
Debt=$5 million
Second step is to calculate the Debt Interest
Debt Interest=$5 million*10%
Debt Interest=$500,000
Third step is to calculate the EBIT of firm LL
EBIT of firm LL=$5 million- $500,000
EBIT of firm LL=$4,500,000
Fourth step is to calculate Tax owed
Tax owed =$4,500,000*40%
Tax owed =$1,800,000
Fifth step is to calculate the Net income of firm LL
Net income of firm LL=$4,500,000-$1,800,000
Net income of firm LL=$2,700,000
Sixth step is to calculate the Equity for firm LL
Equity for firm LL=$25million-$5 million
Equity for firm LL=$20 million
Now let calculate the ROE using this formula
ROE=Net income /Equity
Let plug in the formula
ROE=$2,700,000/$20 million*100
ROE=13.5%
Calculation for ROE for firm HL
First step is to calculate the Debt
Debt=$25 million*55%
Debt=$13,750,000
Second step is to calculate the EBIT of firm HL
EBIT of firm HL=$5 million-[(55%*$25 million)*11%]
EBIT of firm HL=$5 million-($13,750,000*11%)
EBIT of firm HL=$5 million-$1,512,500
EBIT of firm HL=$3,487,500
Third step is to calculate the Tax owed
Tax owed =$3,487,500*40%
Tax owed =$1,395,000
Fourth step is to calculate the Net income of firm HL
Net income of firm HL=$3,487,500-$1,395,000
Net income of firm HL=$2,092,500
Fifth step is to calculate the Equity for firm HL
Equity for firm HL=$25million- $13,750,000
Equity for firm HL=$11,250,000
Now let calculate the ROE using this formula
ROE=Net income /Equity
ROE=$2,092,500/$11,250,000*100
ROE=18.6%
Therefore the rate of return on equity (ROE) for each firm is:
ROE for firm LL is 13.5%
ROE for firm HL is 18.6%
C. Calculation to determine the new ROE for LL
First step is to calculate the debt
Debt=$25 million*60%
Debt=$15 million
Second step is to calculate the Debt Interest
Debt Interest=$15 million*15%
Debt Interest=$2,250,000
Third step is to calculate the EBIT of firm LL
EBIT of firm LL=$5 million- $2,250,000
EBIT of firm LL=$2,750,000
Fourth step is to calculate the Tax owed
Tax owed =$2,750,000*40%
Tax owed =$1,100,000
Fifth step is to calculate the Net income of firm LL
Net income of firm LL=$2,750,000-$1,100,000
Net income of firm LL=$1,650,000
Sixth step is to calculate the Equity for firm LL
Equity for firm LL=$25million-$15 million
Equity for firm LL=$10 million
Now let calculate the New ROE using this formula
ROE=Net income /Equity
Let Plug in the formula
ROE=$1,650,000/$10 million*100
ROE=16.5%
Therefore the new ROE for LL is 16.5%
10. The directors of KOKO Limited issued 100,000 ordinary shares of no-par value for GH¢10 each payable as follows: on application GH¢3 and on allotment GH¢7. All issued shares were fully subscribed and monies were paid. How much was paid on application? GH 1,000,000 B. GH 300,000 C. GH 400,000 D. GH 700,000
Answers
The correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.
The total amount raised from the issuance of 100,000 ordinary shares is calculated by multiplying the number of shares by the issue price per share. In this case, the issue price per share is GH¢10. Therefore, the total amount raised would be 100,000 shares multiplied by GH¢10, which equals GH¢1,000,000. According to the information provided, the amount paid on application iGH¢3 per share. To determine the total amount paid on application, we multiply the amount paid per share by the total number of shares. Therefore, GH¢3 multiplied by 100,000 shares equals GH¢300,000. Therefore, the correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.
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Even though both investors earned a 7% rate of return, they still have to pay their management fees. You can find out an investor’s effective rate of return by subtracting the fee percentage from the rate of return percentage.
What is Alizeh’s effective rate of return?
What is Christina’s effective rate of return?
Answers
The total value of Alizeh’s mutual fund is $10,570.
What mutual fund means?A mutual fund is a collection of funds that is professionally managed by a Fund Manager. It is a trust that takes money from many participants who have similar investing goals and invests it in stocks, bonds, money market instruments, and/or other securities.How is it calculated?The given data is,
Investment in mutual fund = $10,000
Annual expense ratio = 1.3%
Rate of return on investment = 7%
Annual return on investment = $700 ($10,000 × 7%)
Annual fees for her actively managed mutual fund = $130 ($10,000× 1.3%) At the end of the year, the total value (after fees) of Alizeh's mutual fund:
Investment in mutual fund = $10,000
Annual return on investment = $700
Annual fees for mutual fund = ($130)
Total value =$10,570
The total value of Alizeh’s mutual fund is $10,570.
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The correct questions is Alizeh invests $10,000 in an actively managed mutual fund that has an annual expense ratio of 1.3%. The investment earns a 7% rate of return.
easiest way to start making good money as a teen
Answers
As a teen, there are several ways to start making money. Here are some ideas that you can consider:
Babysitting: If you enjoy being around kids, babysitting can be a great way to earn money. You can start by offering your services to family and friends or by creating a profile on websites like Care.com or Sittercity.com.
Pet sitting and dog walking: If you are an animal lover, you can offer pet sitting or dog walking services in your neighborhood. You can advertise your services on social media or local bulletin boards.
Yard work: You can offer your services to mow lawns, rake leaves, and do other yard work for people in your neighborhood. You can start by asking your neighbors if they need help or by creating a profile on websites like TaskRabbit.com.
Freelance work: If you have skills in areas like graphic design, writing, or programming, you can offer your services as a freelancer on websites like Upwork.com or Fiverr.com.
Sell products online: You can start a small business selling products online, such as handmade crafts or reselling items you no longer need. You can use platforms like Etsy.com or eBay.com to sell your products.
Remember, the easiest way to start making money as a teen is to find something you enjoy doing and that you're good at. You can then market your skills or services to others in your community or online.
What does this picture reminds you of a nightmare of give 2-4 sentences
Answers
This picture reminds you of a nightmare as it looks scary and threatening and seems like blood coming from eyes indicated through red color.
What is a nightmare?Nightmares are a condition that is closely linked to tension, stress, and trauma. Physiological well-being is regarded as a problem in this condition, and it is frequently a symptom of the fundamental and curable disorder.
As well as emerging in combination with horrific memories and other psychiatric conditions like depression, cognitive deficits, and bipolar disorder, nightmares are more common during stressful times.
In the given case, the picture is shown as a nightmare as it is scary developing fear in an individual with its effects like red color liquid coming from the eyes which can be denoted as blood.
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Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
Answers
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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Kensington, Inc. is considering an investment in new equipment. The equipment has a payback period of 5.25 years and it has equal annual cash flows. The equipment has no salvage value will be depreciated straight-line over its 8-year useful life. If the new equipment’s initial cost is $33,600, what are the equal annual cash flows?
Answers
The equal annual cash flows come out to be $6,400 when the payback period is 5.25 years and the cost of equipment is $33,600.
What is a payback period?The payback period is a method of capital budgeting that tells about how many years the invested amount is recovered back.
Given values:
Payback period: 5.25 years
Cost of equipment: $33,600
Computation of equal annual cash flows:
\(\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\rm\ Cost \rm\ of \rm\ equipment}{\rm\ Payback \rm\ period} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\$33,600}{5.25 years} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\$6,400\)
Therefore, when the investment in equipment is $33,600 and the payback period is 5.25 years then the annual cash flows come out to be $6,400.
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(Ratio Computations and Effect ofTransactions)
Presented below is information related to Carver Inc.
CARVER INC.
Balance Sheet
December 31, 2007
Cash $45,000 Notes payable (short-term) $50,000
Receivables $110,000 Accounts payable 32,000
Less: Allowance
15,000
95,000 Accrued liabilities 5,000
Inventories 170,000 Capital stock (par $5) 260,000
Prepaid insurance 8,000 Retained earnings 141,000
Land 20,000
Equipment (net)
150,000
$488,000
$488,000
CARVER INC.
Income Statement
For the year ended December31, 2007
Sales $1,400,000
Cost of goods sold
Inventory, Jan. 1, 2007 $200,000
Purchases
790,000
Cost of goods available forsale 990,000
Inventory, Dec. 31,2007
170,000
Cost of goods sold
820,000
Gross profit on sales 580,000
Operating expenses
170,000
Net income
$410,000
Instructions
(a) Compute the following ratios orrelationships of Carver Inc. Assume that the ending accountbalances are representative unless the information providedindicates differently. (Round answers to 2 decimalplaces.)
Current ratio. times
Inventory turnover. times
Receivables turnover. times
Earnings per share. $
Profit margin on sales. %
Rate of return on assets on December 31, 2007. %
(b) Indicate for each of the followingtransactions whether the transaction would improve, weaken, or haveno effect on the current ratio of Carver Inc. at December 31,2007.
Write off an uncollectible account receivable, $2,200.
Purchase additional capital stock for cash.
Pay $40,000 on notes payable (short-term).
Collect $23,000 on accounts receivable.
Buy equipment on account.
Give an existing creditor a short-term note in settlement ofaccount.
Answers
Answer:
Carver Inc.
a. Ratio Analysis:
Current ratio = Current assets/Current liabilities
= $318,000/87,000
= 3.66 times
Inventory turnover = cost of goods sold/average inventory
= $820,000/$185,000
= 4.43 times
Receivable turnover = Sales/Receivables
= $1,400,000/$95,000
= 14.74 times
Earnings per share = Net income/No. of shares
= $410,000/52,000
= $7.88 per share
Profit margin on sales = Net Income/Sales * 100
= $410,000/$1,400,000 * 100
= 29.29%
Rate of return on assets = Net income/Total assets * 100
= $410,000/$488,000 * 100
= 84.02%
b) Indication of whether the transaction would improve, weaken, or have no effect on the current ratio of Carver Inc. at December 31,2007:
1. weaken
2. weaken
3. no effect
4. no effect
5. weaken
6. no effect
Explanation:
a) Data and Calculations:
CARVER INC.
Balance Sheet
December 31, 2007
Cash $45,000 Notes payable (short-term) $50,000
Receivables $110,000 Accounts payable 32,000
Less: Allowance 15,000 95,000 Accrued liabilities 5,000
Inventories 170,000 Capital stock (par $5) 260,000
Prepaid insurance 8,000 Retained earnings 141,000
Land 20,000
Equipment (net) 150,000
$488,000 $488,000
CARVER INC.
Income Statement
For the year ended December 31, 2007
Sales $1,400,000
Cost of goods sold
Inventory, Jan. 1, 2007 $200,000
Purchases 790,000
Cost of goods
available for sale 990,000
Inventory, Dec. 31,2007 170,000
Cost of goods sold 820,000
Gross profit on sales 580,000
Operating expenses 170,000
Net income $410,000
1. Assume you are given the following information about an economy
Combinations Capital goods (‘000) Consumer goods (‘000)
A 60 0
B 50 1
C 30 2
D 0 3
a) Draw the PPF. (capital goods on the Y axis and Consumer goods on the X axis).
b) Explain why the PPF is concave
c) Suppose the economy moves from point B to point C, what is the opportunity cost of doing so?
2. Given the demand for housing, describe the effect of each of the following in terms of whether it would increase or decrease the quantity demanded or the demand for housing. Indicate whether the effect of each of the following is an upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing. Explain your answers.
a) An increase in housing prices
b) A fall in interest rates
c) A rise in interest rates
d) A severe economic recession
e) A robust economic expansion
3. Describe THREE factors which could cause an upward shift in the supply curve for a product.
4. The demand for Good X is 300 units when its price is £4. Assume that as a result of a price fall, the demand for the good increases to 400 units and the sales revenue falls by £400.
a) Calculate the price of Good X after the fall.
b) Calculate the price elasticity of demand with respect to the fall in its price.
c) State whether elasticity will change with a downward movement along a linear demand curve.
d) Assume that the cross-price elasticity of demand for Good Y which is a complement to Good X is −1.5.
e) Calculate the proportionate change in the demand for Good Y as a result of the fall in price of Good X.
Answers
Answer:
1a) The PPF for this economy would be a concave curve, as can be seen in the graph below. The PPF shows the maximum combinations of capital and consumer goods that can be produced in the economy. 1b) The PPF is concave because of the law of increasing opportunity cost. As more of one good is produced, the opportunity cost of producing the other good increases. 1c) The opportunity cost of moving from point B to point C is the loss of 1 unit of capital goods. 2a) An increase in housing prices would cause an upward shift in the demand curve for housing, as consumers would be willing to pay more for housing. 2b) A fall in interest rates would cause an outward shift in the demand curve for housing, as it would become cheaper to borrow money for housing. 2c) A rise in interest rates would cause an inward shift in the demand curve for housing, as it would become more expensive to borrow money for housing. 2d) A severe economic recession would cause an inward shift in the demand curve for housing, as people would have less money to spend on housing. 2e) A robust
Explanation:
An employee:
works for someone else
O takes the risk of a business venture
sets financial goals for the business
sets nonfinancial goals for a business
Answers
Answer:
works for someone else
Explanation:
An employee is someone hired to offer labor services to their employers. The employers may be an individual, a private organization, or the governments. Employees earn wages, salaries, and other benefits provided by the employer in exchange for their labor services.
Employees do not assume any risks as the business owners do. Their role is to fulfill their mandate as instructed by the employers. Employees assist the employer in accomplishing their business vision.
You have been engaged to audit the financial statement of Sol Corporation for the fiscal year ended may31, 2020. You discover than on june1, 2019, Mica Company had been merged into Sol Corporation in a business combination. you also find that both Sol corporation and Mika Company (prior to its liquidation) incurred legal fees, accounting fees, and printing costs for the business combination; both company debited these cost to an intangible asset leger account entitled "Cost of Business Combination." in it is journal entry to record the business combination with Mika, Sol increased its Cost of Business Combination account by an amount equal to the balance of Mika's comparable lager account.
Evaluate Sol's accounting for the out-of-poke cost of the business combination with Mika in light of IFRS and GAAP guidelines.
Answers
A form of managerial accounting called cost accounting is concerned with a company's cost structure.
What is cost accounting?Cost accounting is the process of determining and analyzing the cost of a product or service. It involves collecting and categorizing expenses, including direct and indirect costs, such as materials, labor, and overhead expenses. The information gathered through cost accounting is used by managers to make decisions about pricing, budgeting, and cost control. This type of accounting is especially important for companies that manufacture goods or provide services, as it helps them understand the cost of production and how much they need to charge to make a profit. By using cost accounting, businesses can better manage their resources and make informed decisions to increase profitability.
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