Current assets and current liabilities for Brimstone Company follow:2019 2018Current assets $1,586,250 $1,210,000Current liabilities 705,000 550,000a. Determine the working capital and current ratio for 2019 and 2018.b. Does the change in the current ratio from 2018 to 2019 indicate a favorable or an unfavorable change?

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Answer 1

To calculate the working capital and current ratio for both 2019 and 2018, we'll use the provided values of current assets and current liabilities.

a. Working Capital: Working capital is calculated by subtracting current liabilities from current assets.For 2019: Working capital = Current assets - Current liabilities.Working capital = $1,586,250 - $705,000

Working capital = $881,250

For 2018: Working capital = Current assets - Current liabilities

Working capital = $1,210,000 - $550,000

Working capital = $660,000

b. Current Ratio: The current ratio is calculated by dividing current assets by current liabilities.

For 2019: Current ratio = Current assets / Current liabilities

Current ratio = $1,586,250 / $705,000

Current ratio ≈ 2.25

For 2018:Current ratio = Current assets / Current liabilities

Current ratio = $1,210,000 / $550,000

Current ratio ≈ 2.20. To determine if the change in the current ratio from 2018 to 2019 indicates a favorable or unfavorable change, we need to compare the two ratios.

The current ratio increased from 2.20 in 2018 to 2.25 in 2019. An increase in the current ratio generally indicates a favorable change because it suggests that the company has improved its ability to meet its short-term obligations with its current assets. Therefore, the change in the current ratio from 2018 to 2019 is considered favorable.

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Related Questions

-having a flat tire changed
-the cost for a locksmith to retrieve your keys when locked in your car
-towing your car that breaks down while you are traveling
-emergency road service provider who comes to start your car when you have a dead battery

Answers

An emergency road service provider can come to your aid when you have a dead battery. This service can save you time and  money.

Having a flat tire changed is a common issue that many drivers face while on the road. If you don't have a spare tire or the tools to change it yourself, you may need to call a roadside assistance provider for help. The money cost for this service varies depending on the provider and the location. It's a good idea to research different providers and their rates before choosing one.

Getting locked out of your car can also be a frustrating and expensive experience. If you don't have a spare key or someone to bring it to you, you may need to call a locksmith to retrieve your keys. This service can also vary in cost depending on the provider and the location.

If your car breaks down while you are traveling, you may need to have it towed to a mechanic. The cost for this service can be expensive, especially if you are far from home. It's important to have a plan in place, such as roadside assistance, to help cover the cost of towing.

Lastly, an emergency road service provider can come to your aid when you have a dead battery. This service can save you time and money  on having to purchase a new battery or hire a mechanic. It's important to research and choose a reputable provider that offers this service.

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Other things the same, the real exchange rate between U.S. and Belgian goods would be higher ifa. prices in the U.S. were higher, or the number of euro the dollar purchased were higher.b. prices in the U.S. were higher, or the number of euro the dollar purchased were lower.c. prices in the U.S. were lower, or the number of euro the dollar purchased were higher.d. prices in the U.S. were lower, or the number of euro the dollar purchased were lower.

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The real exchange rate between U.S. and Belgian goods would be higher if (b)  prices in the U.S. were higher, or the number of euro the dollar purchased were lower.

The real exchange rate between U.S. and Belgian goods would be higher if: b. prices in the U.S. were higher, or the number of euro the dollar purchased were lower. This is because a higher U.S. price level or a lower nominal exchange rate (dollars purchasing fewer euros) would result in a higher real exchange rate, making U.S. goods relatively more expensive compared to Belgian goods.

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For an investor who starts with dollars and wants to end up with dollars in the future, which of the following choices is an example of a covered international investment?
A. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and sign a forward exchange contract to buy the foreign currency
B. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and sign a forward exchange contract to buy dollars
C. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and then buy dollars at the future spot rate
D. buy a dollar denominated financial asset

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The answer is B. sell dollars at the spot rate, invest the proceeds in foreign currency denominated financial instruments, and sign a forward exchange contract to buy dollars.

In a covered international investment, the investor aims to protect themselves from foreign exchange risk. Here's the step-by-step explanation:

1. The investor sells dollars at the spot rate, converting their dollars into a foreign currency.
2. They invest the proceeds in foreign currency denominated financial instruments, such as bonds or stocks.
3. To hedge the foreign exchange risk, they sign a forward exchange contract to buy dollars at a specified rate in the future.

By signing a forward exchange contract to buy dollars, the investor is effectively locking in the future exchange rate. This eliminates the uncertainty of exchange rate fluctuations and ensures that they will end up with a known amount of dollars when the investment matures, making it a covered international investment.

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c. example: based on the capm, abc company has a cost of capital of 17% [4 1.3(10)]. a breakdown of the company's investment projects is listed below. when evaluating a new dog food production investment, which cost of capital should be used?

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Based on the information provided, ABC Company has a cost of capital of 17% [4 + 1.3(10)]. When evaluating a new dog food production investment, the appropriate cost of capital to use would be the company's overall cost of capital, which is 17%.

The cost of capital represents the rate of return required by investors to compensate them for the risk associated with the investment. Since the cost of capital reflects the company's overall risk and the return expected by its investors, it serves as a suitable benchmark to assess the viability of the new investment project. Therefore, the 17% cost of capital should be used to evaluate the potential return and feasibility of the dog food production investment for ABC Company.

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Which of the following statements about the relationship between national income and government spending in the income-expenditure model is false?a.On a Keynesian cross diagram the government spending appears as a horizontal line.b.Government spending fluctuates with GDP.c.The level of government spending is determined through the budget process that is used by the federal, state and local governments.

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In the revenue-expenditure model, it is falsely claimed that there is a link between national income and government expenditures and that this relationship varies with GDP. Here option B is the correct answer.

In the income-expenditure model, government spending is considered an exogenous variable, meaning it is determined outside the model and does not directly depend on the level of GDP. This is in contrast to other components of aggregate expenditure, such as consumption and investment, which are endogenous variables influenced by changes in income or other economic factors.

On a Keynesian cross diagram, government spending is represented by a horizontal line because it is assumed to be fixed or autonomous. This means that regardless of the level of GDP, government spending remains constant. It is an exogenous injection into the economy that can influence aggregate demand and overall economic activity.

The level of government spending is determined through the budget process, as stated in statement (c). Governments at different levels (federal, state, and local) allocate funds for various programs, public goods, and services based on their policy objectives, revenue sources, and fiscal constraints. The budget process involves deliberation, decision-making, and approval of spending plans, usually involving legislatures or executive bodies.

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Suppose that Gamma is an advanced industrial country and Omega is a developing nation. Omega will gain the most from having some of its people emigrate to Gamma if
A. the most skilled workers emigrate.
B. the costs to emigrate to Gamma are high.
C. Omega currently suffers from high unemployment and the unemployed emigrate.
D. Omega is currently experiencing full employment.

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Omega will gain the most from having some of its people emigrate to Gamma if option A, the most skilled workers emigrate, is fulfilled. Skilled workers typically possess specialized knowledge and expertise that can contribute to the economic development and growth of both the sending and receiving countries.

When skilled workers emigrate, they can bring their valuable skills, innovation, and entrepreneurial spirit to the destination country, which can lead to increased productivity, technological advancements, and economic prosperity.

This brain gain can have a positive impact on both the individual migrants and their home country, as they can acquire new knowledge and experiences abroad and potentially contribute to their country's development in the future.

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what stage of the policy-making process involves instituting incentives or sanctions?

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The stage of the policy-making process that involves instituting incentives or sanctions is the implementation stage. This is the stage where the policies and regulations that have been approved during the policy formulation stage are put into action.

During implementation, government agencies and other stakeholders are responsible for carrying out the policies that have been set forth. They may use incentives such as tax credits or grants to encourage compliance with policies, or they may use sanctions such as fines or penalties to deter noncompliance. Incentives can be effective in promoting desired behavior because they reward positive actions, while sanctions can serve as a disincentive to prevent negative behaviors. It is important to monitor the effectiveness of incentives and sanctions during implementation to ensure that policies are achieving their intended goals.
The stage of the policy-making process that involves instituting incentives or sanctions is known as the "implementation" stage. In this stage, the approved policies are put into action by the responsible agencies or organizations, ensuring that they are effectively carried out to achieve the desired outcomes.

During implementation, incentives and sanctions play a crucial role in encouraging compliance with the policies and ensuring that the intended objectives are met. Incentives can be financial rewards, subsidies, or other benefits that motivate individuals, businesses, or other stakeholders to adopt the policy measures. Sanctions, on the other hand, can be penalties, fines, or other punitive measures that deter non-compliance or violations of the policy.

By providing a balanced mix of incentives and sanctions, policymakers aim to create a conducive environment for the successful implementation of their policies, ultimately leading to the achievement of the desired goals. In summary, the implementation stage is where incentives and sanctions are employed to ensure the effective execution of policies and the realization of their intended outcomes.

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___________ organizations are most directly in competition with each other.

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Rival organizations are most directly in competition with each other.

There are different types of organizations that can compete with each other depending on the industry, market, and product or service offering. However, in general, organizations that operate in the same industry, produce similar products or services, and target the same customer base are most directly in competition with each other.

For example, in the fast food industry, McDonald's and Burger King are direct competitors since they both offer similar types of fast food products and target similar customer segments. In the automotive industry, Toyota and Honda are direct competitors since they both produce and sell cars of similar quality and features.

Similarly, in the technology industry, Apple and Samsung are direct competitors since they both offer smartphones, tablets, and other electronic devices with similar features and functionality. In the retail industry, Amazon and Walmart are direct competitors since they both offer a wide range of products at competitive prices and aim to attract the same customer base.

In summary, organizations that offer similar products or services, target the same customer segments, and operate in the same industry are most directly in competition with each other. Understanding the competitive landscape and identifying direct competitors is essential for organizations to develop effective strategies and stay ahead in the market.

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Which is a characteristic of integrated paid time off policies?

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Integrated paid time off policies are a form of an employee benefits program that allows employees to take time off from work while continuing to receive their regular pay.

One of the primary characteristics of integrated paid time off policies is that they combine various forms of time off, such as sick leave, vacation time, and personal days, into a single pool of time that employees can draw from as needed.

This can be beneficial for both employees and employers, as it simplifies the time off request and tracking process while providing employees with greater flexibility and control over their time off.

Additionally, integrated paid time off policies are typically designed to be more equitable and inclusive, as all employees are treated equally regardless of their reasons for taking time off.

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Proven approaches to winning a sustainable competitive advantage include which of the following?
A. Strategies keyed to developing a low-cost-based advantage.
B. Strategies keyed to creating a broad differentiation-based advantage.
C. Focusing on a narrow market niche within an industry.
D. Developing a best-cost provider strategy.
E. All of these.

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e.all of these.proven approaches to winning a sustainable competitive advantage include all of the following strategies:

a. strategies keyed to developing a low-cost-based advantage: this approach focuses on achieving a cost advantage over competitors by minimizing costs throughout the value chain. it involves efficient operations, economies of scale, cost leadership, and cost control measures.

b. strategies keyed to creating a broad differentiation-based advantage: this approach aims to differentiate a company's products or services from competitors in ways that are valued by customers. it involves unique features, superior quality, exceptional customer service, innovation, and branding to create a competitive edge.

c. focusing on a narrow market niche within an industry: this approach involves targeting a specific segment or niche within a larger market. by focusing on the needs and preferences of a particular customer group, companies can tailor their offerings and develop a competitive advantage in that niche.

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the residual value at the end of the holding period should be based on the market value of the real estate and not the book value. group startstrue or false

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True. The residual value at the end of the holding period is the estimated value of the property after subtracting the estimated costs of selling the property, such as commissions, closing costs, and repairs.

This value is used to determine the potential profit or loss of an investment in real estate. The book value of a property is the estimated value of the property based on its purchase price, depreciation, and other relevant factors. However, the book value may not reflect the actual market value of the property, which is determined by the current market conditions and demand for similar properties.

Therefore, it is important to base the residual value on the market value of the real estate, rather than the book value. This is because the market value is a more accurate indicator of the property's value in the current market, and can help investors to make informed decisions about the potential profitability of their investments.  

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Correct Question:

The residual value at the end of the holding period should be based on the market value of the real estate and not the book value. State: true or false.

You are analyzing the results of multinational corporation. You are interested in th firm's Market-to-Book ratio. Under which method would the Market-to-Book ratic be the highest?a. The current rate method.b. The temporal method.c. the ratio is identical under both methods.

Answers

You are analyzing the results of multinational corporation. If we are interested in finding the method that would result in the highest Market-to-Book ratio, the answer would be: the temporal method.

The temporal method is an accounting method used to translate the financial statements of foreign subsidiaries. It uses historical exchange rates to determine the book value of assets and liabilities. As a result, it can lead to differences in the reported book value compared to the current rate method, which uses current exchange rates. If the temporal method produces a lower book value, it can lead to a higher Market-to-Book ratio since the market value remains the same. Therefore, under the temporal method, the Market-to-Book ratio is likely to be higher compared to the current rate method. It's worth noting that the choice of accounting method can have significant implications for financial analysis and decision-making. The specific circumstances and factors should be considered when selecting an appropriate accounting method.

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the equilibrium interest rate is :multiple choicea. 2 percent.b. 4 percent.c. 6 percent.d. 8 percent.

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The correct option is A, The equilibrium interest rate cannot be determined based on the information provided. The equilibrium interest rate is determined by the interaction of supply and demand in the financial market.

Equilibrium refers to a state of balance or stability in a system. It is a concept used in various fields, including physics, chemistry, and economics. In physics, equilibrium is achieved when the forces acting on an object are balanced, resulting in no net change in its motion. In chemistry, it refers to a state where the concentrations of reactants and products remain constant over time in a reversible reaction. Equilibrium in economics pertains to a state where the supply and demand for goods or services are in balance, leading to stable prices and quantities.

The concept of equilibrium is based on the idea that systems tend to adjust themselves to a state of stability. When an equilibrium is disturbed, the system will undergo changes to restore balance. For example, if the concentration of a reactant increases, the reaction will proceed in the forward direction to restore equilibrium. Equilibrium is a fundamental concept in understanding the behavior of various systems and is essential for predicting and analyzing their properties and behaviors.

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mutual funds that include both non-u.s. stocks and u.s. stocks are called __________ funds. group of answer choices combined foreign global mixed

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Mutual funds that include both non-U.S. stocks and U.S. stocks are called global funds. Option(3)

Global funds provide investors with exposure to a diversified portfolio of securities from both domestic and international markets. These funds invest in companies from various countries around the world, offering the potential for geographical diversification and the opportunity to capitalize on global market trends.

By including non-U.S. stocks alongside U.S. stocks, global funds aim to capture growth opportunities in both domestic and international markets, providing investors with a broader investment universe and potential for enhanced returns.

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Full Question: mutual funds that include both non-u.s. stocks and u.s. stocks are called __________ funds. group of answer choices

combined foreign global mixed

what is the final step in the seven-step personal selling process?

Answers

The final step in the seven-step personal selling process is the follow-up or after-sales service.

After a sale has been made, the follow-up step involves the salesperson maintaining contact with the customer to ensure their satisfaction with the purchase and address any concerns or issues that may arise. This step is crucial for building long-term relationships with customers and fostering customer loyalty.

During the follow-up, the salesperson may engage in activities such as checking if the product meets the customer's expectations, providing any necessary product support or training, assisting with installation or setup, addressing any post-purchase questions or concerns, and offering additional assistance or upselling opportunities.

The follow-up step serves multiple purposes. Firstly, it demonstrates the salesperson's commitment to customer service and builds trust by showing that they genuinely care about the customer's satisfaction. It also provides an opportunity to gather feedback, which can be valuable for improving products or sales strategies. Additionally, it can lead to repeat sales and referrals as satisfied customers are more likely to become loyal advocates for the brand.

By completing the follow-up step effectively, salespeople can solidify their relationship with customers, increase customer satisfaction, and potentially generate future business opportunities.

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What is the t val ue of a payment of $5,000 at the end of one year and a second ment of $7,000 at the end of two years if the interest rate is 5 percent? O A. $11,111.11 O B. $12,250.32 OC. $11,201.84 O D. $10,985.14

Answers

The t-value of the payments is approximately $11,275.06, which is closest to option D. $10,985.14. To calculate the present value of future cash flows, we can use the formula:

Present Value = Cash Flow / (1 + Interest Rate)^n

Given:

Payment 1 = $5,000

Payment 2 = $7,000

Interest Rate = 5% (convert to decimal)

n (number of years) = 1 for Payment 1 and 2 for Payment 2

(a) Calculating the present value of Payment 1:

Present Value 1 = 5,000 / (1 + 0.05)^1

Present Value 1 ≈ $4,761.90

(b) Calculating the present value of Payment 2:

Present Value 2 = 7,000 / (1 + 0.05)^2

Present Value 2 ≈ $6,513.16

The t-value (total present value) is the sum of the present values of the two payments:

t-value = Present Value 1 + Present Value 2

t-value ≈ $4,761.90 + $6,513.16

t-value ≈ $11,275.06

Therefore, the t-value of the payments is approximately $11,275.06, which is closest to option D. $10,985.14.

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the community rating approach to health insurance premium pricing offer consumer directed

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The community rating approach to health insurance premium pricing does not necessarily offer consumer-directed options.

Community rating is a method of pricing health insurance premiums where everyone in a certain geographic area is charged the same amount for coverage, regardless of age or health status. This approach aims to provide affordable coverage to those with pre-existing conditions or older individuals who may have higher healthcare costs.

However, consumer-directed health plans (CDHPs) allow individuals to make their own healthcare decisions and have more control over their healthcare spending. These plans typically have high deductibles and lower premiums, and may be combined with a health savings account (HSA) or health reimbursement arrangement (HRA) to help offset out-of-pocket costs.

While some insurers may offer CDHPs alongside community rating pricing, they are not necessarily directly linked. In other words, a health insurer could use community rating pricing but not offer CDHP options, or they could offer CDHP options but not use community rating pricing.

This approach provides more stable and predictable premiums for consumers, and it can be combined with consumer-directed health plans, such as Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs). These consumer-directed options allow individuals to have more control over their healthcare spending and decision-making.

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in addition to having personal financial stakes in their portfolio of investments,professional venture capitalists raise funds from other investors to invest in theportfolio. true or false

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Professional venture capitalists raise funds from other investors in addition to having personal financial stakes in their investment portfolio is True.

Professional venture capitalists are individuals or firms that specialize in investing in early-stage and high-growth companies with the goal of earning substantial returns on their investments. While they may have personal financial stakes in their investment portfolio, venture capitalists also raise funds from other investors to increase the capital available for investment. Venture capital firms typically manage funds that are raised from a variety of sources, such as institutional investors, pension funds, wealthy individuals, and even corporations.

These funds are pooled together to form a larger investment capital base, which enables venture capitalists to make larger and more diverse investments in startups and high-potential companies. By raising funds from other investors, venture capitalists can leverage their expertise and resources to identify and support promising business opportunities. They provide not only capital but also strategic guidance and mentorship to the companies they invest in, aiming to help them grow and succeed.

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an employee can abstain from assisting in an abortion procedure as a matter of

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An employee can abstain from assisting in an abortion procedure as a matter of conscience or religious belief. This is commonly referred to as conscientious objection or refusal. In the United States, there are federal and state laws that protect the rights of healthcare workers who object to participating in certain medical procedures on religious or moral grounds.


Under these laws, employees must provide notice of their objection to their employer in advance of any procedure they object to. Employers are then required to make reasonable accommodations to ensure that the employee's objection does not result in harm to the patient or compromise the quality of care provided.
However, it's important to note that conscientious objection does not excuse an employee from providing care in an emergency situation. In such cases, the employee must provide the necessary care to ensure the safety and well-being of the patient.
In addition, it's important for employers to create a workplace culture that supports diversity of beliefs and values while also ensuring that patient care is not compromised. This includes providing training and education on ethical and legal obligations, as well as fostering an environment of respect and understanding for all employees and patients.

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concerned by resend negative trends in economic indicators such as the consumer price index , gross domestic product, and inflation, the marketimg manager of.kevin,s kayaks recommends that the company reduce its advertising spending. His recomendation is.based on ------ data.
- mucroeconomic, -macroeconomic, -qualitative,-observational, or subjetive.

Answers

Answer:

Explanation:

Based on the information provided, the marketing manager of Kevin's Kayaks is concerned about negative trends in economic indicators such as the consumer price index, gross domestic product, and inflation. The marketing manager's recommendation to reduce advertising spending is likely based on macroeconomic data.

Macroeconomic data refers to information and trends that pertain to the overall economy of a country or region. It includes factors such as GDP, inflation, and consumer price index, which are widely used to assess the state of the economy. These indicators provide insights into the overall health and performance of the economy, and businesses often consider them when making strategic decisions.

Therefore, since the marketing manager is basing their recommendation on economic indicators, which are macroeconomic in nature, it can be inferred that the recommendation is based on macroeconomic data.

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as you’ve calculated in the previous stages of this problem, the dollar inflow of the forward hedge to goodwin is $260,000.00 and the dollar inflow of the money market hedge is $242,742.85.

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Based on the calculations performed in the previous stages of this problem, the dollar inflow of the forward hedge to Goodwin is $260,000.00, while the dollar inflow of the money market hedge is $242,742.85.

These values represent the expected dollar amounts that Goodwin will receive as a result of implementing the respective hedging strategies. The forward hedge involves entering into a forward contract to sell a certain amount of foreign currency at a predetermined exchange rate, while the money market hedge involves borrowing in foreign currency and converting it into domestic currency.

These inflow amounts indicate the anticipated financial benefits that Goodwin can expect from utilizing these hedging techniques, helping to manage exchange rate risk and protect their financial position.

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Which of the following is the first distinct stage in an agency-client relationship? A. Introduction B. Development C. Referral D. Growth E. Prerelationship.

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This stage involves the initial contact between the agency and the client, where both parties express interest in working together and discuss their goals and expectations. The correct answer is option (A).

The first distinct stage in an agency-client relationship is the prerelationship stage. This is the initial phase where the agency and the client become aware of each other's existence and start exploring the possibility of working together. During this stage, the agency tries to establish a rapport with the client and understand their needs and goals. This stage sets the foundation for the development of a strong and long-lasting relationship between the agency and the client.

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reuben borrwed 8000 at a rate of 15% compounded monthly. assuming he makes no payments how much will he owe after 9 years

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In the given statement, after 9 years with no payments, Reuben would owe a total of $23,905.63.

To answer your question, we need to use the compound interest formula:
A = P (1 + r/n)^(nt)
where A is the total amount owed after the given time, P is the initial amount borrowed, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time period in years.
In this case, Reuben borrowed $8,000 at a rate of 15% compounded monthly, which means n = 12 and r = 0.15/12 = 0.0125. We need to find the amount owed after 9 years, so t = 9.
Plugging in these values, we get:
A = 8000 (1 + 0.0125/12)^(12*9) = $23,905.63
It's important to note that this is the total amount owed, including both the principal and the interest accumulated over the 9-year period. If Reuben were to make regular payments during this time, the amount owed would be less.

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The process of ethical decision-making or ethical algorithm typically begins with: Select one: a. identifying which stakeholders a decision would affect and in what ways. b. judging the ethics of the proposed strategic decision. c. managers establishing a moral intent. d. auditing a decision to check for its consistency with ethical principles. e. reviewing a decision to check for its consistency with Rawls�s veil of ignoran

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The option A: identifying which stakeholders a decision would affect and in what ways. This is because ethical decision-making involves considering the impact of a decision on all relevant stakeholders and their interests.

Before making a decision, it is important to identify who the decision will affect and how they may be impacted by it. This helps ensure that all perspectives are considered and that the decision is made in an ethical and responsible manner.

In ethical decision-making, it is essential to first identify the stakeholders involved and understand the potential impact of the decision on them. This allows for a comprehensive evaluation of the situation, which then enables managers to establish a moral intent, judge the ethics of the proposed strategic decision, and ultimately review and audit the decision to ensure consistency with ethical principles and theories like Rawls's veil of ignorance.

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if a company's total assets increased while liabilities and common stock were unchanged, then which of the following statements is true?
a.retained earnings were less than net income during the period. b.no dividends were paid during the period c.the company must have purchased assets with cash. d.revenues were greater than expenses

Answers

If a company's total assets increased while liabilities and common stock remained unchanged, then the statement "revenues were greater than expenses" is true.

When a company's total assets increase while liabilities and common stock remain unchanged, it means that the increase in assets must be funded by an increase in retained earnings.

Retained earnings represent the accumulated profits of the company that have not been distributed as dividends. If the company's total assets are increasing, it implies that the company has generated more revenue than expenses during the period.

This indicates that revenues were greater than expenses, leading to an increase in retained earnings, which in turn increases the company's total assets. Therefore, option D, "revenues were greater than expenses," is the correct statement in this scenario.

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loran's pretax accounting income in year 1 is $100,000. loran had bad debt expense for financial reporting purposes of $14,000 in year 1. in year 1, loran deducted $4,000 in bad debts. loran expects the timing difference to reverse $3,000 in year 2 and $7,000 in year 3. the income tax rate is 40%. which of the following entries would be included for the deferred tax entry required at the end of year 2?

Answers

We must take into account the timing difference associated with bad debt charges when determining the deferred tax entry that must be made at the end of year 2.

For financial reporting purposes, Loran had a bad debt charge of $14,000 in year 1, however for tax purposes, they only deducted $4,000 as bad debts. Due to this, there was a $10,000 timing difference ($14,000 - $4,000).

Loran anticipates a $3,000 reversal of the timing discrepancy in year two. As a result, the expense recognised for financial reporting purposes will be $3,000 less than the amount deductible for tax reasons.

The rate of income tax is stated as 40%.

As a result, the deferred tax entry at the end of year 2 would be:

Deferred Tax Asset (Year 1 Timing Difference * Tax Rate) = $10,000 * 0.40 = $4,000

The deferred tax asset represents the tax benefit that Loran will receive in the future when the timing difference reverses.

Hence, the deferred tax entry required at the end of year 2 would include a Deferred Tax Asset of $4,000.

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TeCommon methods to divide partnership income or losses include all of the following except
a. working capital.
b. equally.
c. partner salary allowances.
d. interest on capital investments.
rm\

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The common methods to divide partnership income or losses include working capital, equally, partner salary allowances, and interest on capital investments. None of the options provided in the question (a, b, c, and d) are excluded from the list.

The question states "include all of the following except," implying that one of the options mentioned (a, b, c, or d) is not part of the common methods to divide partnership income or losses. However, upon examination of the options, all of them are valid methods used in partnership profit sharing.

Working capital refers to the division of profits or losses based on each partner's capital contributions or ownership shares. Equal sharing involves distributing profits or losses equally among partners. Partner salary allowances allow partners to receive a predetermined salary or draw from the partnership's profits. Lastly, interest on capital investments refers to compensating partners for the use of their capital contributions through interest payments.

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the demand curve faced by a monopolist is multiple choice question. below the market demand curve and twice as steep. more elastic than the market demand curve.

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The demand curve faced by a monopolist is more elastic than the market demand curve.

A monopolist faces a downward-sloping demand curve, but it is different from the market demand curve. In this case, the demand curve faced by the monopolist is located below the market demand curve and is twice as steep. This means that the monopolist's demand curve is more elastic than the market demand curve. Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

A steeper demand curve indicates a less elastic demand, while a flatter demand curve suggests a more elastic demand. Since the monopolist's demand curve is twice as steep, it implies that the monopolist's customers are more responsive to price changes compared to the overall market demand. This can be attributed to the monopolist's market power, which allows customers to have more alternatives and options to switch to if prices are raised.

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what beverage was originally advertised with the slogan, "all the sugar and twice the caffeine"?

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The beverage originally advertised with the slogan, "all the sugar and twice the caffeine," is Jolt Cola.

Jolt Cola was a soft drink introduced in the 1980s that gained popularity for its high caffeine content, claiming to have double the amount of caffeine compared to other leading colas. The slogan emphasized its high-energy properties, appealing to individuals seeking an extra caffeine boost.

Jolt Cola targeted a niche market of consumers looking for a strong caffeine kick, positioning itself as an alternative to traditional colas. While its popularity waned over the years, Jolt Cola remains recognized for its distinct marketing slogan.

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the special transaction in a block where the miner pays themselves the block reward is called the _____

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The special transaction in a block where the miner pays themselves the block reward is called the "coinbase transaction" or "generation transaction."

The coinbase transaction is the first transaction in a block and serves as the mechanism through which new coins are created and awarded to the miner who successfully adds the block to the blockchain.

It includes the block reward, which typically consists of newly minted coins and any transaction fees collected from the transactions included in the block.

The miner inserts this transaction into the block's merkle tree and signs it with their private key to claim the reward for their mining efforts.

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