The answer to their question that each account can have many bank cards with only O(n log n) invocations of the equivalence tester is T(n) 2T(n/2)+2n O(n log n).
What you mean by Bank Card?
A bank card is often a plastic card that is given to a customer and performs one or more tasks related to enabling the customer access to their bank account.
ALGORITHM:
//Define the function to test the equivalent card.
TestingEquivalence(Set of the cards s_cards
m = |s_cards|
//Check the value of m to be 1.
if m == 1
//Return only one of the card.
return one card.
//Check the value of m to be 2.
if m == 2
//Since, the first and the second card are same.
//Therefore, return a card.
one_card and second_card is same
return one_card
//Consider set1 to be the set of the first half cards.
//Consider set2 to be the set of the second half cards.
//Check whether the cards of the set1 are equivalent.
if TestingEquivalence(set1)
//If the cards are equal in set1 then we have to return a card.
return a card of set1.
//Compare between the returned card with the set of the s_cards.
//Check whether the cards of the set2 that are equivalent.
if TestingEquivalence(set2)
//If the cards are equal in set2 then we have to return a card.
return a card of set2.
//Compare again the returned card with the set of the cards s_cards.
//Return that card, if found for which the count of the equivalent card is more than half of //the cards in set s_card
The algorithm is valid if at least half of the cards are equal. After splitting the set into two parts, at least one of them contains the majority of the comparable cards, yielding the total set of majority equivalent cards. The card with the majority of the equivalence will be the result of the two recursive calls.
Therefore recurrence relation for the algorithm is T(n) 2T(n/2)+2n O(n log n).
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Complete Question
Suppose you're a consultant for a bank concerned with fraud detection, and they come to you with the following issue. They have a collection of n bank cards that they have confiscated because they are suspected of being used in fraud. Each bank card is a small plastic object that contains a magnetic stripe with encrypted data and corresponds to a specific bank account. Each account can have multiple bank cards associated with it, and two bank cards are equivalent if they are associated with the same account. Although reading the account number directly from a bank card is difficult, the bank has a high-tech "equivalence tester" that takes two bank cards and, after performing equivalent. Their question is this: is there a set of more than n/2 cards in the collection of n cards that are all equivalent to one another? Assume that the only thing you can do with the cards is select two of them and plug them into the equivalence tester. Show how to answer their question with only O(n log n) equivalence tester invocations. some calculations that determine whether they are.
according to the expectations hypothesis, what is the market’s expectation of the yield curve one year from now? specifically, what are the expected values of next year’s yields on bonds with maturities of (a) one year? (b) two years? (c) three years?
a. The market’s expectation of the one-year interest rate three years from now is 11.01%
What is expectation hypothesis?The expectations hypothesis of the term structure of interest rates is the idea that the long-term rate is solely determined by the present and expected future short-term rates, such that the expected final value of wealth from investing in a series of short-term bonds will be equal to the final value of wealth from investing in long-term bonds.
According to expectations hypothesis, If market's expectation of 1-year rate three years from now is r, then :
(1 + 9%)∧3 * (1 + r)∧1 = (1 + 9.5%)∧4
a. r = 11.01%
The market’s expectation of the one-year interest rate three years from now is 11.01%
If the expected value of next year's yields on 1 year bonds is r, then :
(1 + 7.5%)∧1 * (1+ r)∧1 = (1 + 8.5%)∧2
b.a r = 9.51%
If the expected value of next year's yields on 2 year bonds is r, then :
(1 + 7.5%)∧1 * (1+ r)∧2 = (1 + 9%)∧3
b.b r = 9.76%
If the expected value of next year's yields on 3 year bonds is r, then :
(1 + 7.5%)∧1 * (1+ r)∧3 = (1 + 9.5%)∧4
b.c r = 10.17%
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with respect to common television dayparts for eastern and pacific time zones, the slot between 11:30 p.m. and 2:00 a.m. from monday through friday is called
With respect to common television dayparts for eastern and pacific time zones, the slot between 11:30 p.m. and 2:00 a.m. from Monday through Friday is called late fringe .
Off-peak hours are often used on television to describe the evening hours around prime time. [1][2]Television hours before prime time are called the early fringe and are usually between 4:00 pm and 6:00 pm. Until 19:30 Late edge is the period of television that usually follows prime time between 23:00 and 23:00. Until 1 a.m.
In his first 20 years on American television, the early Fringe was considered part of prime time, and from today he started the show half an hour earlier, and the network announced he would be on his hour in the evening. It was prohibited to program the frame of Now known as edge time.
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identify the disadvantages of the corporate form of business. (check all that apply.) multiple select question. transferable ownership rights corporate taxation government regulation limited liability lack of mutual agency
The disadvantages of the corporate form of business includes:
Government regulationDouble taxationWhat is a corporate form of business?The corporate form of business is better known as a corporation. This form of business means the legal entity that is separate and distinct from its owners. It possess many of the same rights & responsibilities as individuals because they can enter contracts, loan and borrow money, sue, be sued, hire employees, own assets, pay taxes etc.
It is also known that a corporation offers the strongest protection to its owners from personal liability. although a demerit is that the cost to form a corporation is higher than other structures.
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In which mode(s) of transportation do companies often employ teams of two drivers, either in tandem or sequentially, to increase efficiency?
air transportation
rail transportation
road transportation
water transportation
Most transport-based companies employ teams of two drivers in an air mode of transportation to increase efficiency.
What is an air mode of transportation?This transportation are performed by aircraft for the public carriage of passengers, baggage, cargo, mail etc for exchange of remuneration or hiring. It is considered to be the fastest modes of public transport which connects international boundaries.
As a matter of fact, the presence of two pilots on a plane make coordination much easier because one pilot can concentrate on the flight and the other completes the checklist. Therefore, an increased efficiency is achieved.
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Answer:
ROAD transportation often employs teams of two drivers to increas efficiency.
Explanation:
common sense tbh
exercise 7-11. canarie, inc. has decided to discontinue manufacturing its quantum model personal organizer. currently the company has a number of partially completed personal organizers on hand. the company has spent $105 per unit to manufacture these organizers. to complete each unit, costs of $14 for material and $17 for direct labor will be incurred. in addition, $10 of variable overhead and $29 of allocated fixed overhead (relating primarily to depreciation of plant and equipment) will be added per unit. if canarie, inc., completes the organizers, it can sell them for $142 per unit. another manufacturer is interested in purchasing the partially completed organizers for $115 per unit and converting them into inventory tracking devices. what is the incremental profit per unit canarie, inc. needs to consider as it evaluates the two alternatives? enter your answers as amounts only with neither commas nor decimals.
For each alternative, the incremental profit per unit that Canarie, Inc. needs to consider in its evaluation is as follows:
Alternative 1 Alternative 2
Incremental profit $37 $15
What is the incremental profit?The incremental profit refers to the gain or the difference between the incremental sales revenue and the incremental cost.
Incremental profits arise from mangerial decisions, especially with respect to choosing betweeen alternatives.
We should remember that sunk costs, like fixed overhead, are not relevant in a managerial decision. The already incurred production cost is like a sunk but it is considered for determining the incremental profit.
Alternative 1 Alternative 2
Complete Incomplete
Sunk production cost $105 $105 = irrelevant
Incremental costs:
Materials 14
Direct labor 17
Variable overhead 10
Total incremental costs $41
Selling price $142 $115
Incremental profit $37 $15 ($115 - $105)
The total incremental costs is $41 for alternative 1 and $0 for alternative 2.
Thus, it profits Canarie, Inc. more to complete the organizers than selling them to another manufacturer.
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what is the estimate of walmart's long term growth assuming the constant growth period started in 2014 when the dividend per share was $1.89? answer in % terms w/o the % sign.
The estimation of Walmart's long term growth assuming the constant growth period started in 2014 when the dividend per share was $1.89 is $42.60 is the answer in % terms w/o the % sign.
The solution to the above mentioned equation is given below.
$42.60 is the answer in % terms w/o the % sign.
Given about Walmart's stock,
required return r = 7%
Growth rate g = 1.93%
Last dividend D0 = $2.12
So expected dividend in 2021 is D1 = D0*(1+g) = 2.12*1.93 = $2.16
So, Current stock price can be calculated using constant growth model,
Current stock price P0 = D1/(r-g) = 2.16/(0.07-0.0193) = $42.60
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is the sacrifice involved in making one decision over another
An opportunity cost is the sacrifice involved in making one decision over another.
What is an opportunity cost?The worth of what you forgo while deciding between two or more possibilities is known as opportunity cost. Every decision entails trade-offs, and opportunity cost refers to the possible advantages you'll forgo by selecting one course over another.
In plain English, it could be described as the value that is lost when a company must choose between two or a lot of options.
It is the value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply say, it connote that if a person select one activity, that person does forfeit the ability to do another.
Therefore, Note that Another word for the term opportunity cost are:
ValueAssessmentMonetary valueAverage costLearn more about opportunity cost from
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chris filmore's lifelong dream is to own his own fishing boat to use in his retirement. chris has recently come into an inheritance of $428,900. he estimates that the boat he wants will cost $341,100 when he retires in 6 years.
Assuming quarterly compounding of amounts invested at 12%, Chris should invest $168,327.
The formula for the future value of compound interest:
FV = P (1 + r)ⁿ
Where:
P = present value
r = interest rate per period
n = number of periods
Parameters given from the problem:
FV = $341,100
Since the interest is compounded quarterly, then:
n = 12/4 . 6 = 18 periods
Interest per period:
r = 12%/3 = 4% = 0.04
Plug these parameters into the formula:
341,100 = P (1 + 0.04)¹⁸
P = 168,327
Hence, Chris should invest $168,327 of his inheritance to buy $341,100 6 years later.
Complete question:
Chris filmore's lifelong dream is to own his own fishing boat to use in his retirement. Chris has recently come into an inheritance of $428,900. he estimates that the boat he wants will cost $341,100 when he retires in 6 years. Assuming quarterly compounding of amounts invested at 12%, how much of Chris Fillmore’s inheritance must be invested to have enough at retirement to buy the boat?
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a company purchased $8,900 of merchandise on june 15 with terms of 3/10, n/45. on june 20, it returned $445 of that merchandise. on june 24, it paid the balance owed for the merchandise taking any discount it was entitled to. the cash paid on june 24 equals:
Discounts are subtracted from a buyer's total amount due when buying products or services. Sellers frequently provide discounts to promote early payment of products or services.
They are typically indicated as a percentage of the selling price and are only valid during the "discount period," which is a finite window of time.
Purchase returns: Gross Purchases 8,900 Less (445)
Net purchases: 8,455
Trade discounts and cash discounts are the two sorts of discounts available.
What distinguishes the credit period from the discount period?
If the account is paid in full before the end of the discount period, the customer can be eligible for a cash discount rate. The duration of the trade credit is known as the credit period, and up until the end of the credit term, no interest is applied to the outstanding balance.
How Do Credit Periods Work?
The amount of days that a customer has to wait before paying an invoice is known as the credit period. The idea is crucial because it shows how much working capital a company is prepared to put into its accounts receivable in order to increase sales.
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the major reason for using u.s. government documents as secondary data sources is that they . multiple choice are easily available in all marketing blogs provide the most up-to-date information are available for a wide range of topics provide predefined categories of variables that always meet user requirements are detailed, complete, and consistent
The major reason for using U.S. government documents as secondary data sources is that they are detailed, complete, and consistent.
Secondary data is information that has been gathered by people or organizations for objectives other from the one of our specific research project. A food company may utilize data from a government agency's study, for instance, on, say, family food expenditures, when determining the size of the prospective market for a new product. Similar to this, statistics on agricultural productivity compiled by a ministry will be helpful to a wide range of individuals and organizations, including those that sell agricultural commodities.
Secondary data may be accessible, which is absolutely acceptable and completely sufficient to make conclusions, resolve the issue, or provide an answer. It is not always required to obtain primary data.
Compared to getting primary data, collecting secondary data is far more affordable. A careful review of secondary sources can produce far more information than a main data gathering operation for the same amount of research expense.
Comparatively speaking, finding secondary sources takes far less time than gathering primary material.
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the different stages a product goes through during its existence is known as blank . multiple choice question. market modification the development cycle the product life cycle product branding
The product life cycle is the different stages a product goes through during its existence is known as blank. Hence, option C is correct.
What is product life cycle?The four phases of a product's life cycle are introduction, growth, maturation, and decline. Product life cycles are used by management and marketing experts to help them decide on things like advertising schedules, price points, entering new product markets, changing packaging, and more.
The five stages that make up a product's life cycle are development, introduction, growth, maturity, and decline.
Thus, option C is correct.
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consider an imaginary economy that has been growing at a rate of 4% per year. government economists have proposed a number of policies to increase the growth rate but first need to convince the president that the policies will pay off. to do so, they want to present a comparison of the number of years it will take for the economy to double, depending on the growth rate.
The rate is 4%, hence 18 years are needed to double the investment.
What is Compound Interest?When money is invested at an interest rate for more than one period, compound interest develops. The interest is applied to the investment as well as the accrued interest form previous periods in periods after the initial period. As a result, the investment's growth is accelerated.
According to the given data:Growth Rate Years to double(rounded to nearest whole number)
4 18
According to the rule of 70, it takes a sum of money n years to increase in value at an interest rate of I percent.:
n = 70/i
the rate is 4% so the number of years to double the investment is:
n = 70/4
= 17.5
the rate is 4%, hence 18 years are needed to double the investment.
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if an american receives dividends from the shares of stock he or she own in toyota, inc., a japanese firm, the transaction would be recorded on the u.s. balance of payments as a
If a citizen of the United States receives dividends from shares of Toyota, Inc. stock they own, the transaction would be recorded on the country's balance of payments as a Current account credit.
What does the term "balance of payments" mean?The balance of payments summarizes an economy's international economic dealings. These transactions consist of transfer payments as well as the export and import of products, services, and financial assets (like foreign aid).
The balance of payments is used to track international transactions. Money entering a country causes a rise in the balance of payments (BOP). When money departs a country, a deduction is made. For instance, when a country sells 20 dazzling red convertibles to another country, the balance of payments is credited.
What is the current account's payment balance?The balance of trade in goods and services, along with net investment income from foreign assets and net transfers, make up the current account of the balance of payments.
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a young first-time investor wants to put $10,000 of savings in an investment that she wants to see grow over many years. she intends to add to it in s
Class B shares the most suitable share class for this initial investment.
What is initial investment?
An initial investment is the amount of money required to open an account or establish a buy-in relationship. The word "initial investment" is most commonly employed in two distinct but connected industries: banking and long-term investment brokerage. To establish ownership of an account in banking, an investment in the form of an initial deposit is normally required. The same initial deposit in investing creates ownership, but it is frequently put down in the hopes of spurring future growth.
Back-end loads (sales costs) on B class shares are only payable when the shares are redeemed, and such sales charges normally dissipate over the first 5 to 7 years. Until they vanish totally, the investment is beneficial. As a result, B shares are generally best suited for smaller investments with a longer investing time horizon (where taking advantage of breakpoints is not a factor), such as this one.
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1. when new employees arrive on the sales floor after training at hamilton department store, experienced employees have a tendency to say, "forget what you learned. this is how we really do it.
This is called Social Support. Social support improves one's quality of life and acts as a supportive social network against adversity.
The material and psychological resources offered by a social network to help people cope with stress are referred to as social support. Such social support can take many forms, including assisting an individual with various daily tasks when they are ill or providing financial assistance when they are in need. Social support is the perception and reality that one is cared for, that one can get help from others, and, most importantly, that one is part of a supportive social network.
Here is the complete question-
When new employees arrive on the sales floor after training at Hamilton department store, experienced employees have a tendency to say, "forget what you learned. this is how we really do it."
What is this?
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Assume that bee bees fish store uses a periodic lifo inventory system. Its ending inventory consists of 13 fish. Calculate the dollar value of its ending inventory.
The dollar value of its ending inventory is $165.
Periodic can be defined as the Inventory account is not updated during the accounting period. The cost of merchandise purchased from suppliers will be debited to the general ledger account Purchases.
The periodic LIFO inventory system allows a business to track its beginning inventory and ending inventory within an accounting period.
Since there is the ending inventory units i.e. 13, so:
Dollar value of its ending inventory = 10 × $12 + 3 × $15
Dollar value of its ending inventory = $120 + $45
Dollar value of its ending inventory = $165
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If you invest $8,600 at a 3.95% simple annual interest rate, approximately how long will it take for you to have a total of $21,000? a. 25.3 years b. 36.5 years c. 45.9 years d. 60.7 years please select the best answer from the choices provided a b c d
The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment.
Are annual rates and interest rates the same?
APR represents the total yearly cost of a loan to the borrower, including all fees. The APR is stated as a percentage, just like an interest rate. It does, however, contain other costs or fees such mortgage insurance, the majority of closing costs, discount points, and loan origination fees, unlike an interest rate.
How does interest compound annually?
An interest rate is written as an annual percentage rate. It factors in variables like monthly payments to determine what proportion of the principal you'll pay annually. APR is another term for the yearly rate of interest paid on investments that does not take into account the annual compounding of interest.
b. 36 Years
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outstanding checks have already been . multiple choice question. deducted from your cash balance per your books but not the bank balance added to the bank balance and not to your cash balance per your books deducted from the bank balance but not the cash per your books added to your cash balance per your books and not to the bank balance
Any items (outstanding checks, deposits in transit, etc.) that have been recorded in the business' general ledger accounts but have not yet shown up on the bank statement will be recognized as an adjustment to the amount per bank statement.
Deposits in transit are added to the balance per bank while pending checks are subtracted from it.
The items are marked as a modification to the amount per book if they appear on the bank account but have not yet been recorded in the books.
Charges for bank services, check-to-print, and other digital reductions that have not yet been reflected in the company's financial statements will be subtracted from the cash balance according to the books.
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a two-day offsite retreat was held for a team of executives of a major hospital including the hospital's ceo, president, and vice-presidents. over the course of the two-days, the executives engaged in brainstorming sessions and worked together to articulate the direction the hospital should take and specific objectives that should be achieved over the next 5 years. the team focused considerable attention to objectives related to the affordable care act and rising numbers of patients eligible for medicare. the executives were engaged in
The team focused considerable attention to objectives related to the affordable care act and rising numbers of patients eligible for Medicare. the executives were engaged in Strategic Planning.
Defining an organization's future vision and determining its goals and objectives are both done through the process of strategic planning. In order for the company to achieve its stated vision, the process also include determining the order in which those goals should be accomplished.
Though it can run longer, strategic planning generally entails objectives with a three to five-year life span. This differs from business planning, which usually concentrates on tactical, short-term goals, including how a budget is allocated. A business plan may encompass a period of time that is many months or even several years long.
Strategic planning results in a strategic plan. A strategy paper or other media will frequently reflect it. People with different backgrounds, such as workers, customers, business partners, and investors, may easily communicate, comprehend, and follow these strategies.
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the 2017 fair market monthly rent for a two-bedroom apartment, according to the department of housing and urban development, hovered around .
The 2017 fair market monthly rent for a two-bedroom apartment, according to the department of housing and urban development, hovered around $1,000.
The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. A self-contained housing unit (a sort of residential real estate) known as an apartment. Apartments' housing tenure also varies widely, from large-scale public housing.
The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market. The market could either be a real place or online. It could be flawless or flawed, local or universal. The term "available market" refers to a market that includes all local residents. There is a "market minimum" inside the available market, or the size of the market that will purchase items without any marketing effort. Without taking any action, a corporation could only receive sales like this one. This level is getting lower and lower in the modern world.
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the positioning strategy can help convey the firm's or the product's which communicates the customer benefits to be received from a product or service and thereby provides reasons for wanting to purchase it
The positioning strategy can assist in communicating the company's or the product's value proposition, which communicates the customer benefits to be received from a good or service and thus gives reasons for wanting to buy it.
How do you define positioning strategy?The goal of a positioning strategy also referred to as a market positioning strategy or brand positioning strategy, is to set a brand apart from its rivals. By clearly communicating a brand's competitive advantage, positioning strategies aim to change consumer perception. Here are a few strong positioning techniques.
product costdistinctive value propositionproduct excellencethe position of competitorsIt is essential to internalize this knowledge for key stakeholders in a brand positioning statement after conducting the required research and choosing a positioning strategy. Then, work with marketing teams to create messaging that is consistent with it.
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bruce is a cpa who operates his tax service business as a sole proprietorship. he files a joint tax return with his wife. their tax return reported $375,100 in taxable income and $395,000 in profit from the tax service, before the deduction for qualified business income (qbi). how much of the income from bruce's tax services is eligible for the qbi deduction?
The income from Bruce's tax services that is eligible for the qualified business income (QBI) is $216,065.
What is the qualified business income deduction?The IRS allows self-employed persons qualified business income (QBI) deductions.
The QBI deduction is 20% of business income.
Bruce's joint taxable income = $375,100
Profit from tax services = $395,000
Total taxable income in 2021 must be under $329,800 for joint filers.
Determining the Percentage for QBI:
$375,100 - $329,800 = $45,300
= 45.3% ($45,300 ÷ $100,000)
45.3% is not eligible for the QBI deduction
Qualified Business Income percentage = 54.7% (1 - 45.3%)
= $216,065 ($395,000 x 54.7%)
Amount of the QBI deduction = $43,213 ($216,065 x 20%)
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the partnering for success feature in chapter 7 focuses on the topic of vesting company stock. according to the feature, a typical startup's vesting schedule lasts and includes a 12-month cliff. 12 months 12 months to 24 months 24 months to 36 months 36 months to 48 months 48 months to 60 months
The Savvy Entrepreneurial Firm section in Chapter 7 discusses vesting company stock. A typical startup's vesting schedule, according to the feature, lasts 36 to 48 months and includes a 12-month cliff.
What exactly is a savvy entrepreneurial firm?To be successful, starting a business necessitates a number of factors. The desire to be one's own boss, to pursue one's own idea, or to gain financial rewards must be met with shrewdness and persistence. Failure should not be considered an option, but rather a learning experience that guides future decisions. An entrepreneur gets things done and enjoys being competitive. A true entrepreneur is unpredictable; he or she has a certain level of creativity that allows them to see and produce "ahead of the curve." An entrepreneur, on the other hand, cannot be successful without strong people skills.To learn more about Entrepreneur, refer to:
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a firm in a competitive market receives $1,040 in total revenue and has marginal revenue of $20. the firm's average revenue is $ , and units were sold.
The firm's average revenue is $20 in a competitive market and units sold is 50 units. Average revenue is same as Marginal Revenue.
Therefore, Average revenue is $20.Units sold = total revenue / average revenue= $1,040 / $20= $50A measure of a product's profitability based on how much money is made from each of its customers or subscribers is called average revenue per unit (ARPU). For businesses in the media and telecommunications sectors, which depend on subscribers or users, it is an especially helpful metric. Total income divided by the quantity of units, customers, or subscribers is the standard formula for calculating ARPU. Average revenue per person is another name for it. It may even be referred to as average income per SIM card by mobile phone service providers.
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All purchase/sale transactions are made on credit. The company uses the fifo method and perpetual inventory system to report transactions. What is the ending balance of inventory under the fifo method?.
All purchase/sale transactions are made on credit. The company uses the FIFO method and perpetual inventory system to report transactions. $4,500 is the ending balance of inventory under the FIFO method.
First In, First Out, sometimes known as FIFO, is a strategy of managing assets and valuing them that prioritizes the sale, use, or disposal of assets that were produced or acquired first. For taxation purposes, FIFO presumes that the cost of items sold on the income statement includes the assets with the oldest expenses (COGS).
According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold.
According to FIFO, the inventory still on hand is made up of products that were bought last.
LIFO is an accounting technique that differs from FIFO in that assets that were acquired or purchased most recently are sold first.
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The question was incomplete. Check below the full question.
All purchase/sale transactions are made on credit. The company uses the FIFO method and perpetual inventory system to record transactions. Which of the following will be recorded on February 25?
a. $1,300
b. $4,500
c. $3,000
d. $1,000
Gregg company uses the allowance method for recording its expected credit losses. It estimates credit losses at three percent of credit sales, which were $900,000 during the year. On december 31, the accounts receivable balance was $150,000, and the allowance for doubtful accounts had a credit balance of $12,200 before adjustment. A. Prepare the adjusting entry to record the credit losses for the year b. Show how accounts receivable and the allowance for doubtful accounts would appear in the december 31 balance sheet.
A. At the end of a bookkeeping period, a section in a company's common record called a "adjusting journal entry" is created to record any unrecognised pay or expenses for the period.
B. Since a provision for doubtful accounts reduces the total value of a resource, in this case the accounts receivable, it is referred to as a "contra asset."
What is doubtful accounts?Money owed by customers to a company is referred to as a doubtful account. The only problem is that the business doesn't anticipate receiving the money. (It is "doubtful " that you will collect.)
The phrase can also be used to describe an account that is currently a reserve but could eventually turn into a bad debt because it hasn't reached the point where it can be written off. All types of businesses consistently face the challenge of managing doubtful debt.
A ) Adjusting entry
The adjusting entry to record the credit losses for the year is :
Bad debt expense Dr, $27,000
To Allowance for Doubtful Accounts Cr. $27,000 ($900,000 × 3%)
(To record accounts deemed to be uncollectible)
B ) December 31 balance sheet
Accounts Receivable $150,000
less: Allowance for Doubtful Accounts $39,200 ($12,200 + $27,000)
Net accounts receivable $110,800
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borrowed $100 from her cousin at the rate of 10% per year. if the inflation rate was 4% that year, what is her cousin's actual rate of return on the loan
Borrowed $100 from her cousin at the rate of 10% per year. if the inflation rate was 4% that year, what is her cousin's actual rate of return on the loan is 6%-2%=4%.
In the field of economics, In the study of economics, inflation is the term that denotes a steady rise in the price of products and services across a state. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is related to a reduction in the purchasing power of money. The opposite of inflation is deflation, which is a persistent rise in the overall level of prices for goods and services. The most common measure of inflation is the annualized percentage change in a general price index, sometimes known as the inflation rate.
Because price rises are not constant across the board, the consumer price index (CPI) is widely used for this purpose. The employment cost index is also used to determine wages in the US
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six out of every ten jobs now require some postsecondary education and training, according to data reported by the eric clearinghouse on higher education
The correct answer is true
Higher education is postsecondary education that results in the award of a degree. After completing secondary school, there is an optional last step of formal study known as higher education, also known as post-secondary education, third-level education, or tertiary education. Numerous alternatives exist for postsecondary education, including public and private universities, colleges, community colleges, career and technical schools, vocational and trade schools, centers for continuing education, campus transition programs, and apprenticeship programs. Any degree you earn after completing high school is considered post-secondary. In other terms, a post-secondary degree is one that was earned following attendance at a higher school of learning. It could be a community college, a technical or vocational institution, or even a college for undergrads.
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the irr of project y is greater than the irr of project x, and both irrs are greater than zero. also, the npv of x is greater than the npv of y. if the two projects are mutually exclusive, project x should definitely be selected.
False , because the cost of capital is greater than the crossover rate, the NPV and IRR of X are greater than those of Y.
What is IRR?
The internal rate of return (IRR) is indeed a company's financial metric that is used to assess the profitability of investment opportunities. IRR is a discount rate in a discounted cash flow analysis that causes the present value (NPV) of all free cash flow to just be zero. The same formula is used in IRR calculations as in NPV calculations. Keep in mind that IRR is not the actual dollar value of the project. The annualized return is what brings this same net present value to zero. In general, the higher an investment's internal rate of return, the much more appealing it is. IRR is coherent across investment types and can therefore be used to rank multi-frequency investments or projects fairly.
If the cost of capital is less than the cross over rate (the rate at which both NPVs are equal), the NPV of X may be less than the NPV of Y, and thus X may be rejected. If the cost of capital is higher than the cross-over rate, the NPV of X may be greater than the NPV of Y, and thus X may be accepted.
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cliff company traded in an old truck for a new one. the old truck had a cost of $79,000 and accumulated depreciation of $63,200. the new truck had an invoice price of $129,000. huffington was given a $12,640 trade-in allowance on the old truck, which meant they paid $116,360 in addition to the old truck to acquire the new truck. if this transaction has commercial substance, what is the recorded value of the new truck?
Answer:
The recorded value of new truck = $129,000
Explanation:
Market value of new truck = invoice price = $129,000
Book value of old truck = 79000-63200 = $15,800
Cash paid = $116,360
Loss = 15800+116360-129000 = $3,160
Now since transaction has commercial substance and there is loss on exchange, therefore New truck will be recorded for market value.
Hence recorded value of new truck = $129,000
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