Answer:
b.-1/2
Explanation:
Calculation for what will be the slope of the isocost curve
Using this formula
Slope of isocost line = -Wage rate/Capital rental rate
Let plug in the formula
Slope of isocost line=-10/20
Slope of isocost line=-1/2
Therefore the Slope of isocost line will be -1/2
Park Co. is considering an investment that requires immediate payment of $21,530 and provides expected cash inflows of $6,500 annually for four years. Assume Park Co. requires a 7% return on its investments.
What is the internal rate of return?
Answer:
8.00%
Explanation:
The internal rate of return is the rate of return on the investment which gives a zero net present value.
IRR can be computed using excel IRR function as shown below:
=IRR(values)
values are the cash flows arranged from the earliest( year zero ) to the latest (year 4) as contained in the attached.
IRR=8.00%
The IRR is proven thus:
NPV=-$21,530+$6500/(1+8%)^1+$6500/(1+8%)^2+$6500/(1+8%)^3+$6500/(1+8%)^4=-$1.18(which is very close to zero)
On October 1, 2021, Oberley Corporation loans one of its employees $40,000 and accepts a 12-month, 9% note receivable. Calculate the amount of interest revenue Oberley will recognize in 2021 and 2022.
Answer: Oberley Corporation will recognize in 2021 and 2022 are $900 and $2,700 respectively
Explanation:
Interest Revenue for 2021
= Principal x rate x time
$40,000 x 9% x 3 / 12 ( This is from October to December 31st year end of 2021)
=$900
Interest Revenue for 2022
= Principal x rate x time
$40,000 x 9% x 9 / 12 ( This is from January 1st of 2022 to Octobner 1st , 2022)
=$2,700
Therefore, Interest Revenue Oberley Corporation will recognize in 2021 and 2022 are $900 and $2,700 respectively.
Mary's Music Store reported net income of $148,000. Beginning balances in Accounts Receivable and Accounts Payable were $26,500 and $20,500, respectively. Ending balances in these accounts were $31,500 and $14,800, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be:______.
a. $160,900.
b. $131,100.
c. $151,100.
d. $140,900.
Answer:
Net cash flows from operating activities $137,300
Explanation:
The computation of the net cash flows from operating activities is shown below:
Net income reported $148,000
Less: Increase in account receivable ($31,500 $26,500) -$5,000
Less: Decrease in account receivable ($14,800 - $20,500) -$5,700
Net cash flows from operating activities $137,300
This is the answer but the same is not provided in the given options
Wasson Widget Company is contemplating the production and sale of a new widget. Projected sales are $300,000 (or 75,000 units) and desired profit is $36,000. What is the target cost per unit?
a. $2.50
b. $2.20
c. $2.80
d. $3.00
Answer:
Target cost per unit = $3.52
Explanation:
Given:
Projected sales = $300,000 or 75,000 units
Desired profit = $36,000
Find:
Target cost per unit
Computation:
Target cost per unit = [Projected sales - Desired profit] / Total units
Target cost per unit = [$300,000 - $36,000] / 75,000
Target cost per unit = $264,000 / 75,000
Target cost per unit = $3.52
Calculate the planned shortage in dollars if the planned shortage % is 1.64% and the planned net sales are $1,189,000.
Answer:
the planned shortage in dollars is $19,499.60
Explanation:
The computation of the planned shortage in dollars is shown below:
= Percentage of planned shortage × planned net sales
= 1.64% × $1,189,000
= $19,499.60
hence, the planned shortage in dollars is $19,499.60
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Mortar Corporation acquired 80 percent of Granite Corporation's voting common stock on January 1, 20X7. On December 31, 20X8, Mortar received $390,000 from Granite for equipment Mortar had purchased on January 1, 20X5, for $400,000. The equipment is expected to have a 10-year useful life and no salvage value. Both companies depreciate equipment on a straight-line basis.Based on the preceding information, in the preparation of consolidation entries related to the equipment transfer for the 20X9 consolidated financial statements, the net effect on accumulated depreciation will be:a. an increase of $160,000.b. an increase of $135,000.c. a decrease of $135,000.Sky Corporation owns 75 percent of Earth Company's stock. On July 1, 20X8, Sky sold a building to Earth for $33,000. Sky had purchased this building on January 1, 20X6, for $36,000. The building's original eight-year estimated total economic life remains unchanged. Both companies use straight-line depreciation. The equipment's residual value is considered negligible.Based on the information provided, while preparing the 20X8 consolidated income statement, depreciation expense will be:a. debited for $750 in the consolidating entries.b. credited for $750 in the consolidating entries.c. debited for $1,500 in the consolidating entries.
Answer:
Following are the solution to this question:
Explanation:
In point a:
Its purchase of assets by a subsidiary to keep does not affect the accumulated depreciation accounts of the balance sheet as we will do the requisite removal of intracompany transactions, while consolidating the two, accumulated deflation will be raised by $135,000
Asset costs = 400,000
10 Days of Existence
Yearly [tex]= \frac{400,000}{10} = 40,000[/tex]
In four years (2005 to 2008) - $160,000 would've been a value regarding.
The accumulated loss was reduced by $160,000 when this was sold.
In the year 2009, [tex]\frac{390,000}{6} = 65,000[/tex] are paid for the depletion of Mortar.
The depletion surplus [tex](65,000-40,000)[/tex] is to become removed [tex]= 25,000[/tex].
Tax due should be removed from 160,000 fewer excess depreciation[tex]=160,000-25,000=135,000[/tex], i.e. 135,000 when consolidating.
In point b:
Planet depreciation = 33,000/5.5/2 (Earth expense /2) = 3000 Planet depreciation.
Sky would've had bee = 36 000/8/2 = 2,250 Half a year of deterioration
The crediting of depletion costs for consolidating entries eliminates the additional depreciation of $750 (3,000-2,250).
Which item is not correct with respect to the treatment of sustainable and transitory items and a company's income statement?
a. Financial reporting assists statement users in forecasting future cash flows by providing an income statement format that segregates components of net income.
b. Income statements prepared in accordance with GAAP differentiate between income components that are believed to be sustainable and those that are transitory.
c. The income statement isolates a key figure called "income from sustainable operations."
d. Transitory items are disclosed separately on the income statement so that statement users can place less weight on these earnings components when forecasting future profitability.
Answer:
c. The income statement isolates a key figure called "income from sustainable operations."
Explanation:
Remember, an income statement is a financial report document that contains the revenues and expenses of a company in other to determine if the company is making a profit or loss in a particular period.
However, with respect to the treatment of sustainable and transitory items and a company's income statement, it is incorrect to say that the "income statement has an isolated key figure called "income from sustainable operations," because it often notes transitory items and sustainable income components but not isolating them.
A contingent liability: multiple choice is only remotely possible. cannot be estimated. will result from a future event. is a potential liability that has arisen because of a past event or transaction. will only result when a remote event becomes probable. is remotely estimable and probable
Answer:
is a potential liability that has arisen because of a past event or transaction.
Explanation:
A contingent liability is a potential liability that has arisen because of a past event or transaction.
Some of the characteristics of contingent liabilities includes being remote, probable, estimable, and reasonably possible.
In order to record a contingent liability as a liability on a company's balance sheet, it must be probable (likely to occur) and subject to estimate.
Hence, companies are advised to record the contingent liabilities so as to meet the Generally Accepted Accounting Principles (GAAP) and IFRS requirements.
Marginal cost is defined as:________.
a. total variable cost divided by total output.
b. the change in total costs from producing one more unit of output.
c. total cost divided by total output.
d. the change in fixed cost from producing one more unit of output.
Answer:
b. the change in total costs from producing one more unit of output.
Explanation:
The marginal cost is the cost that incurred for generating one more additional unit of output
It could be computed as shown below:
Marginal cost = Change in total cost ÷ change in quantity
Therefore as per the above explanation, the option b is correct
And, the same is to be considered
Thus, all the other options are incorrect
Which of the following poses a workplace hazard that may cause accidents?
a. Horizontal layout of office space
b. Elevators in the office building
c. Poor housekeeping of office space
Answer:
c. Poor housekeeping of office space
Explanation:
workplace hazards could be regarded as part of the work which could bring
health and safety risks to the workers, this are aspect of the work with potential to harm. In every business or organization there will always a potential harm even though it varies from one work place to another. Types of hazard in work place are biological, chemical, physical hazard and others.
Therefore, mong the options "only option c" poses a workplace hazard that may cause accidents
E-Tech Initiatives Limited plans to issue $500,000, 10-year, 4 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 102.
Answer:
E-Tech Initiatives Limited
Partial balance sheet
as on January 2, 2019
Liabilities
Long term Liabilities
Bond Payable ________________ $500,000
Add: Premium on Bond _________ $10,000
_____________________________________ $510,000
Explanation:
First Calculate the issuance value
Issuance value = $500,000 x 102% = $510,000
The bond is issued on Premium, Now calculate the premium on bond value
Premium on bond = Issuance value - Premium on Bond
Premium on bond = $510,000 - $500,000
Premium on bond = $10,000
The bond payable value of $500,000 and Premium on the bond aer reported in the long term liability section of balance sheet.
The preparation of the bond that should be reported on the balance sheet is presented below:
E-Tech Initiatives Limited
Partial balance sheet
As on January 2, 2019
Liabilities
Long term Liabilities
Bond Payable $500,000
Add: Premium on Bond $10,000 ($510,000 - $500,000)
Carrying value $510,000 ($500,000 * 102%)
In this way, it should be presented.
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Question 3
A car manufacturer notices that they can sell 11 cars at £18,200, but in order to sell 12 cars they have to
drop the price to £17,400. The marginal cost of producing the 12th car is £9,000. Which of the following
statements is correct?
a) The marginal revenue from selling the 12th car is £18,200.
b) The loss in total revenue of increasing the total number of cars sold from 11 to 12 cars is £800.
c) The marginal revenue when the output is 11 cars is £8,600.
d) The firm should increase its output to maximise its profits.
Answer:
b) The loss in total revenue of increasing the total number of cars sold from 11 to 12 cars is £800.
Explanation:
Marginal revenue is the benefit associated with the sale of one more unit, while marginal costs are the expenses incurred in producing an extra unit. To determine the marginal revenue, one has to isolate the revenue from the last item sold with revenue from the previous units.
In this case, the marginal revenue will be the price of the 12th item minus the price of the 11th item.
Marginal revenue =$17,400 -$18,200
=-$800
Marginal revenue = - $800
The statement that is correct is B. The loss in total revenue of increasing the total number of cars sold from 11 to 12 cars is £800.
Marginal revenue implies the additional revenue that's made as a result of an extra unit sold. Marginal cost is the extra cost incurred as a result of an additional unit produced.
Based on the information given, the marginal revenue will be:
= $17400 - $18200
= -$800.
Therefore, there'll be a loss of $800.
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If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people to try to find a job and employed people to want to work _______ hours.a. more; longer.b. the same number of; the same number of O c. fewer, shorter.d. fewer; longer would.The____O_____. a. quantity of labor supplied; decrease.b. quantity of labor supplied; increase.c. supply of labor; decrease.d. supply of labor, increase.
Answer:
If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people to try to find a job and employed people to want to work _______ hours.
a. more; longer.
The____ would _____.
b. quantity of labor supplied; increase.
Explanation:
Generally, when wage rates increase, this will led to an increase in the inflation rate. The problem is what happens if wages increase less than the inflation rate. This means that real wages will actually decrease once we adjust them to inflation. This will cause more people trying to get a job or working longer hours just to be able to pay for the same amount of goods as before.
In this example, the wage rate increased by 13.1%, but the inflation rate increased by 16%, so real wages decreased.
Jamie Patterson is doing research in Los Angle on a new product for Hispanic men and women, ages 18 to 39. She needs to choose a sampling technique. Which would you recommend? a) convenience sample b) any would work perfectly well c) stratified random sample d) quota sample e) random sample
Answer:
c) stratified random sample
Explanation:
Sampling is the process by which a small and representative part of a population is analysed and used to draw conclusions about the larger population.
The main aim of sampling is to reduce the time spent in drawing conclusions about he population not interest. It is easier to analyse small number of variables than the whole population.
Stratified random sample involves choosing a sample that has smaller sub groups called strata. This allows the sample to effectively represent a population when there are more than one characteristic to be considered.
In the given scenario the population is for Hispanics with subgroups of men, women, and age of 18 - 39 years.
So stratified random sampling is the best option
Researchers have just discovered that antibacterial agents in toothpaste are harmful to human health. At the same time, the price of toothpaste-making equipment has fallen. What definitely happens in the toothpaste market after these events occur (i.e., what are the new equilibrium price and quantity of toothpaste
Answer:
Answers are below:
Explanation:
1. A discovery is made, which shows that antibacterial agents in toothpastes are harmful to human health. This kind of discovery definitely will discourage the purchase of toothpastes, in other words, expect the demand for toothpastes to fall.
2. Simultaneously, the price of machinery (a factor of production) used in making toothpastes falls. This means a fall in the cost of production. This fall will result in increased production and supply of toothpastes.
The result is that there will be a larger amount of toothpaste supplied but a lower amount of toothpaste demanded.
- The new equilibrium price of toothpaste will be lower; both due to a fall in the cost of production of toothpaste and a drop in the demand for it.
- The new equilibrium quantity supplied will be higher
- The new equilibrium quantity demanded will be lower
Type the correct answer in the box. Spell all words correctly.
Identify the type of goods in the given scenario.
Nina runs a small cafeteria in her neighborhood. Recently, she installed some coffee machines and other utilities in her café. Nina ordered
goods.
Answer:
Foundation
Explanaion:
Nina runs a small cafeteria in her neighborhood. Recently, she installed some coffee machines and other utilities in her café. Nina ordered Foundation goods.
I got this right on plato
Swifty Corporation sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variable costs per unit of $105 and a selling price of $165. Q-Drive Plus has variable costs per unit of $120 and a selling price of $210. The weighted-average unit contribution margin for Swifty is:________
a. $165
b. $81
c. $82.5
d. $69.0
Answer:
b. $81
Explanation:
Calculation for theweighted-average unit contribution margin for Swifty
Using this formula
Weighted-average unit contribution margin = (Contribution per unit of Q-Drive × Weight of Q-Drive in sales mix) + (Contribution per unit of Q-Drive Plus × Weight of Q-Drive Plus in sales mix)
Let plug in the formula
Weighted-average unit contribution margin= [(Selling Price - Variable Costs) × 30%] + [( Selling Price - Variable Costs) × 70%]
Weighted-average unit contribution margin= [($165 - $105) × 30%] + [($210 - $120) × 70%]
Weighted-average unit contribution margin=($60 × 30%) + ($90 × 70%)
Weighted-average unit contribution margin= $18 + $63
Weighted-average unit contribution margin= $81
Therefore The weighted-average unit contribution margin for Swifty is $81
In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. In economics, the term for this is:
A. bailout bank
B. ender of last resort
C. source of ultimate credit
D. rovider of fiduciary nsurance
E. liquidity resource
Answer: Bailout Banking
Explanation:
Martin owns his own motorcycle and ATV store and operates as a small business. He notices that many of his customers talk about golf while in his store. He quickly adds golf carts and golf clubs to his merchandise selection. Rapidly adjusting to the needs of his customers is possible because small businesses
William and Charlotte Collins divorced in November of Year 1. William moved out and Charlotte remained in their house with their 10-month-old daughter, Autumn. Diana, Charlotte's mother, lived in the home and acted as Autumn's nanny for all of Year 1. William provided 70 percent of Autumn's support, Diana provided 20 percent, and Charlotte provided 10 percent. When the time came to file their tax returns for Year 1, William, Charlotte, and Diana each wanted to claim Autumn as a dependent. Their respective adjusted gross incomes for Year 1 were $50,000, $35,000, and $52,000. Who has priority to claim Autumn as a dependent
Answer:
Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.
Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0.875.
Stock Investment Beta
A $50,000 0.5
B 50,000 0.8
C 50,000 1
D 50,000 1.2
Total $200,000
If Jill replaces Stock A with another stock, E, which has a beta of 1.50, what will the portfolio's new beta be?
a. 1.40
b. 1.29
c. 0.86
d. 0.75
e. 1.08
The options provided are incorrect. The correct answer is given below
Answer:
New Portfolio beta = 1.125
Explanation:
The portfolio beta is the function of the weighted average of the individual stock betas that form up the portfolio. The formula to calculate the beta of a portfolio is as follows,
Portfolio beta = wA * Beta of A + wB * Beta of B + .... + wN * Beta of N
Where,
w represents the weight of each stock in the portfolioNew Portfolio beta = 50000/200000 * 0.8 + 50000/200000 * 1 +
50000/200000 * 1.2 + 50000/200000 * 1.5
New Portfolio beta = 1.125
In the long-run the inputs of all the factors of production can be varied by the firm, consequently, firms can combine the factors of production more ______________ and, therefore, costs in the long-run are lower than in the short-run.
Answer:
Efficiently
Explanation:
In production, long run is simply the period of time that is long enough for all inputs to be changed. While short run is the time frame, usually so brief, a firm cannot change the amount of every input. Usually, in In the short run, some inputs are fixed, while in the long run, all inputs are variable and Profit maximization can only occur with minimization of costs of inputs.
Firms can combine the factors of production more in the long-run the inputs of all the factors of production and also In a long run, it can alter ot change variousproduction levels due to various economic profits or losses in view.
On January 1, a store had inventory of $48,000. January purchases were $46,000 and January sales were $95,000. On February 1 a fire destroyed most of the inventory. The rate of gross profit was 25% of cost. Merchandise with a selling price of $5,000 remained undamaged after the fire.
A.) Compute the amount of the fire loss, assuming the store had no insurance coverage. Label all figures.
B.) Prepare any journal entries necessary to reconcile inventory.
Answer and Explanation:
a. The computation of the amount of fire loss is as follows:
Fire loss = Beginning inventory + January Purchase - Cost of sale - Cost of undamaged inventory
Where,
Cost of sale = $95,000 ÷ 125% = $76,000
And cost of undamaged inventory = $5,000 ÷ 125% = $4,000
Now place the above value
So,
Fire loss is
= $48,000 + $46,000 - $76,000 - $4,000
= $14,000
b. The journal entry is
Loss on sale of fire $14,000
To Inventory $14,000
(Being the loss on sale of fire is recorded)
Here the loss on sale of fire is debited as it increased the losses and credited the inventory as it reduced the assets
If an asset costs $16,000, has an expected useful life of 8 years, is expected to have a $2,000 salvage value and generates net annual cash inflows of $2,000 a year, the cash payback period is:__________.
A) 8 years.
B) 7 years.
C) 6 years.
D)5 years.
Answer:A) 8 years
Explanation: For every business, the shorter the payback period, the more attractive the investments and the longer the payback period the less attractive such investment is.
Payback period is the time in which the initial cost of an investment is able to be recouped through inflow of cash generated by such investment.
It is calculated as cost of the initial investment divided by the annual cash flow. ie
Cash Payback Period= Initial Investment/ Annual Cash flow
= 16,000/ 2000
= 8 years
Your leader demonstrates both high concern for performance and high concern for employee welfare. Which leadership studies would this be consistent with?
Answer:
The Ohio State studies
Explanation:
A Leader is someone in a group that is straddled with the task of directing task-relevant group activities or, in the absence of a chosen leader, carrying the primary responsibility for performing the above functions in the group.
The Ohio's research/ studies carried out focus on Behavioral approach which was begun by researchers at Ohio State University. Its Leadership theory focus on the kinds of behavior engaged in by people in leadership roles and identified two major types which are consideration and initiating structure. Consideration as a type of behavior identified in the Ohio State studies are behavior showing mutual trust, respect, and a certain warmth and communication between the supervisor and group.
Assume that banks keep 10% of deposits as reserves. Households hold money such that the currency-deposit ratio is 80%. The money multiplier is given by:________. a. 1.8 b. 2 c. 1.7 d. None of the other answers e. 1.9
Answer:
b. 2
Explanation:
The computation of the money multiplier is shown below:
Money multiplier is
= (1 + currency deposit) ÷ (reserves + currency deposits)
= (1 + 0.80) ÷ (0.10 + 0.80)
= 1.8 ÷ 0.9
= 2
hence, the money multiplier is 2
Therefore the correct option is b. 2
We simply applied the above formula so that the correct value could come
And, the same is to be considered
When firms invest in suppliers to exchange knowledge and collaborate on improvements, they create shared value for:_______
a. The public.
b. Both the supplier and the lead firm.
c. The supplier only.
d. The lead firm only
Flask Company reports net sales of $2,190 million; cost of goods sold of $2,060 million; net income of $410 million; and average total assets of $1,960 million. Compute its total asset turnover.
Answer:
1.12
Explanation:
Flask company has a net sales of $2,190 million
The cost of goods sold is $2,060 million
Net income is $410 million
Average total assets is $1,960
Therefore it's total assets turnover can be calculated as follows
= sales/Total assets turnover
= $2,190 million/$1,960 million
= 1.12
A product sells for $200 per unit, and its variable costs are 61% of sales. The fixed costs are $456,300. What is the break-even point in sales dollars? (Do not round intermediate calculations.)
Answer:
Break-even point in sales dollars = $1,170,000
Explanation:
Computation table:
Sales 200
Less VC (61%) 122
Contribution 78
Fixed costs = $456,300
break-even point in units = FC / C = 5,850
break-even point in sales dollars = (break-even point in units)(Sales price) = $1,170,000
58:46
2
What best explains the relationship between a borrower's credit score and a down payment requirement?
ОООО
Someone with a high credit score may be required to make a higher down payment.
Someone with a high credit score may be required to make a lower down payment.
Someone with a low credit score may be required to make a lower down payment.
Someone with a low credit score may not have to make a down payment.
Answer:
Excellent
Explanation: