Answers
The statement is false the quantity of financial security supplied or demanded changes at every given interest rate in response to a change in a factor, as it doesn't cause a shift in the supply or demand curve.
A change in quantity supplied or demanded in response to a change in factors such as income, or other relevant variables causes a movement along the existing supply or demand curve, rather than a shift in the curve itself.
This movement along the curve reflects a change in the quantity demanded or supplied at different price levels, while the supply or demand curve remains in its original position.
On the other hand, a shift in the supply or demand curve occurs when there is a change in a non-price factor affecting the supply or demand of financial security.
Examples of such factors could include changes in consumer preferences, technology, government regulations, or expectations about the future.
When one of these factors changes, the entire supply or demand curve shifts to a new position, reflecting a change in the quantity supplied or demanded at each given price level.
Thus, in the case of a given interest rate, it would result in a movement along the supply or demand curve.
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Related Questions
which of these is representative of quantitative data
Answers
Joni buys coffee three times a week at the local donut shop is representative of quantitative data. The correct option is A.
Quantitative data consists of numerical quantities that can be quantified and statistically analyzed. In this scenario, the statement specifically mentions Joni's coffee consumption, revealing that she buys it three times a week. The number "three" signifies a quantity that may be calculated and compared. Quantitative analysis of this data can be used to determine average weekly coffee purchases or assess Joni's coffee intake in comparison to others.
Thus, the ideal selection is option A.
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Your Question seems incomplete most probably your complete Question was:
Which of these is representative of quantitative data?
A.Joni buys coffee three times a week at the local donut shop.
B. Andre prefers chocolate cake over vanilla.
C. Georgia prefers floral-scented soaps to sweet-scented soaps.
D. Sammy likes to watch horror movies more than comedy.
Is agricultural economics a good career in philippines and abroad?
Answers
Answer:
Agriculture is a technologically-sophisticated and ever expanding field. Agriculturists have very good career prospects, since they ensure agricultural productivity. They look for ways to improve the quality and productivity of agricultural production, and make farming more safe and effective,” said Baldoz.
Explanation:
chrome
Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 50,000 Total units to be accounted for 160,000 How many units were transferred out to Department 2?
Answers
Answer:
20000 for ending work 100000 total & 320000 are accounted for
Advise business on the role of intermediaries in the distribution process.
Answers
Intermediaries, in business and marketing, are those that act as a middleman between the producer and the consumer. The role of intermediaries in the distribution process of goods and services is to ensure that products and services are moved from the producer to the consumers.
There are several types of intermediaries in the distribution process, including wholesalers, retailers, agents, and brokers. They play a crucial role in the distribution process in the following ways:
Assist in Sorting and Selection: Intermediaries help producers to sort and select their products, which saves time and money for producers.Assist in Breaking Bulk: Intermediaries buy goods in large quantities from producers and then break them into smaller quantities. This makes it possible for producers to sell their products in smaller quantities, making it possible for consumers to afford them.Helps in Transporting Goods: Intermediaries help in transporting products from producers to consumers by offering transportation services at lower costs. They also assist in the warehousing of goods, which helps in the storage and protection of goods.Assist in Financing: Intermediaries play an important role in financing. They buy goods from producers, hold them, and then sell them to consumers. This helps to reduce the risk of loss for producers by providing cash up front for goods sold. They also offer credit facilities to consumers, which makes it possible for them to buy goods without having to pay cash upfront.Help in Providing Information: Intermediaries help to provide information about products and services to consumers, making it easier for them to make informed decisions. They also help to provide feedback to producers about the quality of their products and services.For more such questions on marketing
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Why are businesses working or failing in today's society?
Answers
Answer:
well in society today as corona virus grows so do prices which makes it harder for people to buy things they used to. Companies are starting to shut down do to people not being able to buy anything or not being able to afford things or the product is bad. Do to all of this companies are failing tho some are using this to their advantage and are thriving.
Explanation:
hope this helps
Listed below are selected transactions completed by Ridge Company during March of the current year.
Mar. 5
10
13
15
Rendered services on account to Quinton Co., Invoice No. 92, $3,250.
Rendered services on account to Martin Inc., Invoice No. 93, $4,500.
Received $5,000 in payment of monthly rent, which was due on March 1.
Received payment from Quinton Co. for invoice of March 5.
Received payment from Martin Inc. for balance due on invoice of March 10.
Received amount due from Thomas Co. on sale made in February, $5,200.
Recorded cash from services rendered for cash during the month, $15,750.
19
20
31
a. Record the transactions (including the invoice number), using the accompanying revenue journal and cash receipts journal.
b. Total and rule the revenue and cash receipts journals.
1. For individual items and totals to be posted to the subsidiary ledger or not to be posted, select "Yes" in the Post. Ref. column or below
the totals.
2. For individual items and totals to be posted to the general ledger, select the letter "G" (as a substitute for specific account numbers)
in the Post. Ref. column or below the totals.
If an amount box does not require an entry, leave it blank.
Page: 10
ACCTS. REC. DR.
EES EARNED CR.
POST
REF.
DATE
ACCOUNT DEBITED
INVOICE NO.
Answers
Answer:19
Explanation:
On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*
Answers
Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.
To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:
1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.
2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.
3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.
4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.
5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.
6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.
7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.
By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.
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Salmon, Inc. issues 505,000 shares of preferred stock for $35 a share. The stock has a fixed annual dividend rate of 5% and a par value of $14 per share. The current price of the preferred stock is $37 a share. If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of:
A. $0.70 per share.
B. $1.75 per share.
C. $1.85 per share.
D. $1.05 per share.
Answers
Answer:
A. $0.70 per share.
Explanation:
Calculation for preferred stockholders anticipation of receiving annual dividends
Annual dividends= Par value × Fixed Annual dividend rate
Let plug in the formula
Annual dividends= $14 per share × 0.05
Annual dividends= $0.70 per share
Therefore If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of:$0.70 per share
Answer: A. $0.70 per share.
Explanation:
On January 1, 20XA, Tie Company purchased a machine that had a sticker (list) price of $22,000. The seller agreed to allow Tie Company to pay for the machine over a three-year period at 10% interest on the unpaid balance and with equal payments of $8,444 due at the end of 20XA, 20XB, and 20XC. The amount that should be debited to the asset account, Machinery, on the day the contract was initiated is (rounded to the nearest dollar)A) $27,865.B) $25,332.C) $22,000.D) $20,999.E) None of the above is correct.
Answers
Answer:
I cant understand that question
The amount that should be debited to the asset account, Machinery, on the day the contract was initiated is $22,000. Option C is correct.
What is Machinery?Land, machinery, vehicles, furniture, computer equipment, buildings, and other equipment are examples of fixed assets. Depending on how a corporation conducts business, fixed assets can vary.
Machinery is a noncurrent asset, often known as a fixed asset. A long-term investment made by your organization that is unlikely to or does not easily convert to cash within an accounting year is referred to as a noncurrent asset.
Therefore if a machinery has been acquired on credit and the payment will be made in three equal installment payable annually then the asset shall be recognized at cost of acquisition i.e. $22000 original cost requiring the asset to bring in it present and current location and condition.
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Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Answers
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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What is one advantage of starting to invest
Answers
who is not a stakeholder in a business
Answers
Stakeholders excluded are those such as children or the disinterested public, originally because they had no economic impact on the business.
Who is a Stakeholder?A stakeholder is a party who has an interest in a company and who can influence or be influenced by the company. The main stakeholders in a typical company are investors, employees, customers and suppliers.
However, with the growing focus on corporate social responsibility, the concept has extended to communities, governments, and industry associations.
Now that the concept has a human-centric perspective, while some groups, such as the general public, can be recognized as stakeholders, others remain excluded. Such a perspective does not give plants, animals, or even geology a voice as stakeholders, but only instrumental value in relation to human groups or individuals.
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What is the breakeven point, in dollars, for Zippy Dippy Swimwear, maker of bathing suits and accessories
Answers
Answer:
the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85. total variable costs: raw materials $15 labor costs $8 commissions $2 total $25 total fixed costs: utilities $50,000 rent $96,000 salaries $150,000 taxes $30,000 total $326,000 contribution margin per swimsuit and accessory =$85 - $25 = $60 break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units break even point in $ = 5,434 x $85 = $461,890
Explanation:
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar year 2015.
Cash
Balance, Dec. 31, 2014 $212,900
Receipts from customers 9,367,600 Payments for inventory $2,482,414
Receipts from dividends 3,278,660 Payments for wages 861,819
Receipts from land sale 3,466,012 Payments for rent 496,483
Receipts from machinery sale 1,105,377 Payments for interest 337,234
Receipts from issuing stock 2,407,473 Payments for taxes 702,570
Receipts from borrowing 4,056,171 Payments for machinery 3,494,115
Payments for long-term investments3,531,585
Payments for note payable 599,526
Payments for dividends 777,511
Payments for treasury stock 337,234
Balance, Dec. 31, 2015 $
Required:
Use this information to prepare a complete statement of cash flows for year 2015. The cash provided or used by operating activities should be reported using the direct method.
Answers
Answer:
Thomas Corporation
Statement of Cash Flows for the year ended December 31, 2015:
Operating Activities:
Receipts from customers $9,367,600
Receipts from dividends 3,278,660
Payments for inventory (2,482,414)
Payments for wages (861,819)
Payments for rent (496,483)
Payments for interest (337,234)
Payments for taxes (702,570)
Net cash from operations $7,765,740
Investing Activities:
Receipts from land sale $3,466,012
Receipts from machinery sale 1,105,377
Payments for machinery (3,494,115)
Payments for long-term investments (3,531,585)
Net cash from investments ($2,454,311)
Financing Activities:
Receipts from issuing stock $2,407,473
Receipts from borrowing 4,056,171
Payments for note payable (599,526)
Payments for dividends (777,511)
Payments for treasury stock (337,234)
Net cash from financing $4,749,373
Net cash flows $10,060,802
Explanation:
a) Data and Calculations:
Cash
Balance, Dec. 31, 2014 $212,900
Receipts from customers $9,367,600
Receipts from dividends 3,278,660
Receipts from land sale 3,466,012
Receipts from machinery sale 1,105,377
Receipts from issuing stock 2,407,473
Receipts from borrowing 4,056,171
Total receipts $23,681,293
Payments for inventory $2,482,414
Payments for wages 861,819
Payments for rent 496,483
Payments for interest 337,234
Payments for taxes 702,570
Payments for machinery 3,494,115
Payments for long-term investments 3,531,585
Payments for note payable 599,526
Payments for dividends 777,511
Payments for treasury stock 337,234
Total payment $13,620,491
Balance, Dec. 31, 2015 $10,273,702 ($212,900 + 23,681,293 - 13,620,491)
Classification of receipts and payments:
Operating Activities
Receipts from customers $9,367,600
Receipts from dividends 3,278,660
Payments for inventory (2,482,414)
Payments for wages (861,819)
Payments for rent (496,483)
Payments for interest (337,234)
Payments for taxes (702,570)
Net cash from operations $7,765,740
Investing Activities
Receipts from land sale $3,466,012
Receipts from machinery sale 1,105,377
Payments for machinery (3,494,115)
Payments for long-term investments (3,531,585)
Net cash from investments ($2,454,311)
Financing Activities
Receipts from issuing stock $2,407,473
Receipts from borrowing 4,056,171
Payments for note payable (599,526)
Payments for dividends (777,511)
Payments for treasury stock (337,234)
Net cash from financing $4,749,373
Net cash flows $10,060,802
Cash Reconciliation:
Beginning Cash Balance $212,900
Net cash flows 10,060,802
Ending Cash balance $10,273,702
most of a distribution manager's decisions must balance cost reduction against which other benefit?
Answers
Answer: Superior customer service
Explanation:
Just took the quiz
5. The primacy effect refers to the fact that _____ are more likely to be remembered.
a. the most important items in a list
b. the first-presented items in a list
c. items that have the greatest emotional impact
d. the items presented most recently in a list
Answers
The primacy effect refers to the fact that b. items presented early in a list are remembered better than items in the middle of the list are more likely to be remembered.
What is primary effect?Primary effect can be defined as the probability that people will tend to remember the number one things they have listed in their lists.
Example if a person has a list of items to buy in a grocery store or market the person will often recall the number one item that he/she wrote down in the list before remembering other items that he/ she wrote down in the list.
Therefore the correct option is b.
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Answer: The first-presented items in a list are more likely to be remembered than item in the middle of the list.
Explanation: i got it correct.
can anyone tell about abdullah al wiswasy the UAE'S first teacher??
Answers
Abdullah al-Wiswasy was a famous educator and the UAE's first teacher.
Abdullah al-Wiswasy's services to the educational field were significant in the United Arab Emirates. He was the driving force behind the UAE's educational system's modernization and advancement. His contributions to the UAE's education system earned him the moniker "the father of education" in the UAE. Abdullah al-Wiswasy was instrumental in introducing modern and efficient education to the UAE's remote regions.
He made it possible for Emirati youth to receive a well-rounded education regardless of their location, thanks to his groundbreaking approach to education. Abdullah al-Wiswasy is known as a visionary educator who worked tirelessly to bring education to the masses. He was a teacher and educational supervisor in Dubai before retiring in 1968, after which he worked as a member of the UAE's Federal National Council, which advises the UAE's government.
He received numerous accolades during his lifetime, including the UAE's "Teacher of the Nation" title, which was awarded posthumously. Abdullah al-Wiswasy will be remembered as one of the UAE's most influential and dedicated educators.
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The number of accidents at a manufacturing facility has been increasing every year. Most of the accidents are
because employees do not follow standard procedures. The company's leaders want to apply systems thinking to
find solutions.
Which is the BEST first step when applying systems thinking and which is the WORST first step?
1. Identify which teams should be evaluated to determine their role in causing the accidents.
2. Identify and evaluate all the potential consequences for each possible solution.
3. Identify patterns of employee behavior and examine what influences the patterns.
4. Identify solutions to solve smaller problems while studying the larger problem.
Which is the BEST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
Which is the WORST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
Submit
Answers
Answer:
I’m pretty sure it’s BEST:3 WORST:1
Explanation:
when the business cycle or economic activity is declining the economy is said to be what
Answers
Answer:
Contraction
Explanation:
Contraction is when the level of economic activities in a country goes down. There is decreased productivity in the country, as indicated by a decline in the GDP value. At contraction, the economy will experience a drop in real incomes, retail sales, and industrial production. The unemployment rate begins to rise steadily as companies stop hiring while other lay-off workers due to reduced demand.
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $12,500,000. Halifax merchandise costs it 70% of merchandise selling price. Also during the year, customers returned $613,000 in sales for credit, with $338,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. A) Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. B) What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
Answers
A)To record the merchandise returns: Sales Returns and Allowances $613,000 Accounts Receivable $613,000 To record the year-end adjusting entry for estimated returns:
Estimated Sales Returns and Allowances $625,000Allowance for Sales Returns and Allowances $625,000 The estimated sales returns and allowances of $625,000 is calculated as follows: Sales = $12,500,000 Estimated returns (5% of sales) = $625,000 Since $338,000 of the returns were for merchandise sold prior to 2021, we need to subtract this amount from the total returns to determine the amount of returns for merchandise sold during 2021: Returns for merchandise sold during 2021 = $613,000 - $338,000 = $275,000 The net amount of the estimated returns is calculated as follows: Estimated returns = $625,000 Less: Returns for merchandise sold prior to 2021 = $338,000 Net estimated returns for merchandise sold during 2021 = $287,000 The adjusting entry is recorded for the net estimated returns of $287,000. B) The year-end allowance for sales returns after the adjusting entry is recorded is calculated as follows: Refund liability at the beginning of the year = $400,000 Add: Returns for merchandise sold during 2021 = $275,000 Subtract: Net estimated returns for merchandise sold during 2021 = $287,000 Year-end allowance for sales returns = $388,000 Therefore, the year-end allowance for sales returns after the adjusting entry is recorded is $388,000.
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The financial institution where Mrs. Jones has her checking account will continue to pay out money for the checks she writes as long as: *
There is enough money in her account to cover the amount of the checks
The financial institution has sufficient funds
She maintains a good record of deposits and handles her account responsibly
She uses checks from her checkbook
Answers
Answer:
There is enough money in her account to cover the amount of the checks
Explanation:
A check is a specially printed document which, when dully filled and signed, instructs a bank to pay the named person the specified amount of money. The check is prepared by the drawer and addressed to his or her bank, the drawee.
The check draws funds from the drawers checking account. Writing a check is actually making payments with the money held in the checking account. The banks will honor the instructions on the check as long as the drawer's account has sufficient funds to complete the transaction.
Taylorism emphasises the formal structure, hierarchy of management, the technical requirements and the assumption of rational behaviour Question Attachment: Answer O True O False
Answers
Taylorism underlines the conventional construction, order of the executives, the specialized prerequisites and the supposition of judicial way of behaving is a genuine assertion.
judicial way , Arrangement of logical administration upheld by Fred W. Taylor. In Taylorism view, the assignment of processing plant the executives was to decide the most effective way for the laborer to finish the work, to give the appropriate apparatuses and preparing, and to give motivations to great execution.
He separated each occupation into its singular movements, examined these to figure out which were fundamental, and planned the specialists with a stopwatch.
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Which people are likely to care about the US educational system? Check all that apply.
Answers
Answer: 3,4,5
Explanation:
Answer:
taxpaying citizens
learners
families of learners
Explanation:
A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below.
Advertising and Promotion Expenses $ 263,700
Income Tax Expense 56,620
Interest Expense 44,020
Other Expenses 123,600
Other Selling & Administrative Expenses 352,000
Sales Revenue 1,871,300
Salaries and Wages Expense 726,000
Required:
1. Calculate the net income for the Green Thumb, Inc. for Year 3.
2. Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3. Assume the company had retained earnings of $163,200 as of January 1, Year 3, and paid out $46,120 in dividends during Year 3.
Answers
Answer:
a. Green Thumb
Net Income for the year 3
Particulars Amount
Sales revenue $1,871,300
Operating expenses
Advertising expense $263,700
Salaries and wages expense $726,000
Other selling expenses $352,000
Other expenses $123,600 $1,465,300
Earnings before interest and taxes $406,000
Interest expense $44,020
Earnings before taxes $361,980
Income tax expense $56,620
Net Income $305,360
b. Green Thumb Inc.
Statement of retained earnings
For the year ended Dec 31, Year 3
Retained Earnings, Jan 1 year 3 $163,200
Add: Net Income $305,360
Less: Dividend paid $46,120
Retained Earnings, Dec 31 year 3 $422,440
The Clean Water State Revolving Fund (CWSRF) in 1987, a low-interest loan program intended for states replaced the Construction Grants program.
True
False
Answers
Answer:
True
Explanation:
Karen determined how much she could afford to spend per month in car payments. How would she shop for the lowest cost loan
Answers
Answer: Negotiate the lowest annual percentage rate.
Explanation:
The options include:
a. Negotiate the longest maturity.
b. Negotiate the smallest payment.
c. Negotiate the lowest annual percentage rate.
d. Negotiate the smallest down payment
For Karen to shop for the lowest cost loan, it should be noted that the lowest annual percentage rate will be negotiated.
Negotiate the longest maturity, smallest payment and the smallest down payment doesn't determine the lowest cost loan.
The subsidiary of a U.S. corporation located in Country Y generated income of $1,000,000 on which it paid $400,000 (40%) in taxes to Country Y. The subsidiary paid a dividend to the U.S. parent of $54,000. How much tax is currently owed to the U.S. government if the federal tax rate is 35%
Answers
Answer:
The tax currently owed to the U.S. government is:
$18,900
Explanation:
a) Data and Calculations:
Income generated by the foreign subsidiary = $1,000,000
Tax paid by the subsidiary in its country of residence = $400,000
Dividend paid to the U.S. parent = $54,000
Federal tax rate = 35%
Tax on the dividend = $18,900 ($54,000 * 35%)
b) The dividend of $54,000 is a foreign-source income earned by a U.S. parent corporation. This is this amount that will be subject to tax in the U.S. and not the net income of the subsidiary.
How can one tell whether two firms are engaging in an alliance to facilitate collusion or are engaging in an alliance for other purposes?
Answers
Through strategic alliances it is possible to identify the objectives of two companies for their development and marketing success.
What is a strategic alliance?It is defined as an agreement between two or more companies, where there is the sharing of tangible resources and knowledge to achieve benefits that satisfy the needs of both.
Therefore, in a strategic alliance, the organizations involved remain independent and use shared resources to achieve objectives and market positioning.
Find out more about strategic alliance here:
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