Answer:
Empirical Rule or 68-95-99.7% Rule
Approximately 95% of the data fall within two standard deviations of the mean.
Which of the following describes the value of a product?
- the amount of money that consumers are willing to pay for the product
- the time and materials that it costs a manufacturer to make the product
- the difference between the cost of making the product and what consumers pay for the product
- the sum of the total cost of making the product and what consumers pay for the product
Answer:
- the amount of money that consumers are willing to pay for the product
Explanation:
A product's value can be described as the satisfaction it gives to consumers. A product's value is the benefit it generates to the final consumer. Customers are always willing to pay more for a product that offers higher benefits. The demand for goods and services that offer less satisfaction to customers is always low, which makes them have low market prices.
The value of a product can be expressed as the amount of money that customers are willing to pay to obtain it.
Why is a spending plan an important part of financial planning? Choose all that are correct. а b C Helps to manage your money in a positive manner Helps to set and reach goals Tells you what your net worth is Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being Can help to Increase net worth
Answer:
- Helps to manage your money in a positive manner.
- Helps to analyze the opportunity costs of your trade-offs to maximize financial well-being.
- Can help to increase net worth.
Explanation:
Having a Spending plan is very crucial to ensure that you have a sufficient amount of money every time in order to use it in time of need or emergency. It helps in keeping control and management of the money you spend which promotes a managed financial future. This further enhances your net worth as an individual by preventing unnecessary expenses and also assist in attaining financial goals more effectively and efficiently.
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation.
Calculate the adjusted cash balance per books on May 31.
Cash balance per books, 5/31 $3,170
Deposits in transit $215
Notes receivable and interest collected by bank $955
Bank charge for check printing $43
Outstanding checks $1,152
NSF check $173
A. $1,170
B. $3,015
C. $3,909
D. $2,233
Answer:
C. $3,909
Explanation:
Calculation for the adjusted cash balance per books on May 31.
Cash balance per books, 5/31 $3,170
Add Notes receivable and interest collected by bank 955
Less Bank charge for check printing ($43)
Less NSF check ($173)
Adjusted cash balance per books on May 31 $3,909
Therefore the adjusted cash balance per books on May 31 will be $3,909
ICOT Industries issued 15 million of its $1 par common shares for $424 million on April 11, 2012. Legal, promotional, and accounting services necessary to effect the sale cost $2 million.
Required: Show the journal entry to record the issuance. How does this treatment compare to debt issue costs we talked about in chapter 14?
Answer:
Date Account title and Explanation Debit Credit
Apr 11 Cash ($424 million - $2 million) $422,000,000
Common stock $15,000,000
Paid in capital in excess of par value $407,000,000
($422,000,000 - $15,000,000)
(To record the issue of common Stock)
Your coworker is creating the headings for a report. What advice should you give her?
Do not use first- and second-level headings.
Strive for parallel construction within heading levels.
Use headings as antecedents for pronouns.
Review the following report excerpt, and complete the sentence.
To: Tracy Smallman
From: Diane Martinez, Rene Guzman
Date: June 8, 2009
Subject: Online Certificate Program Status Report
The following status report provides an update on the progress of the Online Certificate Program. The report includes updates on the project outline, a summary of key findings, and an overall evaluation of the project to date.
Progress Update
Phase 1 (Development) is well underway, with research phase and discovery phase milestones completed. In the last month, we completed a course pilot and collected user feedback. Key findings have directed the development of new course offerings and guided the initial development of additional content for course modules to be launched next fall.
The heading "Progress Update" might be improved to read ________
To ensure formatting does not change, how should a report be sent?
As an Excel file
As a Word file
As a PDF file
As a Power Point file
Which of the following is best used for conveying complex information quickly and clearly?
Infographics
Slide decks
Templates
Written text
Which of the following are components of an effective report heading? Check all that apply.
It occurs no more often than every three pages in a report
It is grammatically equal to other headinggs in its level
It uses creative punctuation
It is short and clear
It has punctuation correctly applied
The heading "Progress Update" might be improved to read_______ "Currently accomplished tasks"
To ensure formatting does not change, how should a report Progress Update: Phase 1 accomplishments"
As an Excel file
Answer:
1. I will offer the following advice for creating effective reports:
a. Make use of appropriate heading levels
b. Use parallel construction
c. Use first- and second-level headings for short reports
d. Capitalize and underline headings carefully
e. Keep headings short and clear
f. Do not use headings as antecedents for pronouns, and
g. Include at least one heading per report page when appropriate.
2. The heading "Progress Update" might be improved to read ________
"Currently Accomplished Tasks"
3. To ensure formatting does not change, a report should be sent:
As a PDF file
4. To convey complex information quickly and clearly, the best is:
Infographics
5. Components of an effective report heading include:
It is short and clear
Explanation:
When writing informational reports, ensure that you emphasize the facts, using appropriate formats to convey them. But if it is an analytical report, the emphasis shifts to the reasoning process and the conclusion(s) to be drawn. Clear and short headings, including subheadings, are important in every report. They give reports more clarity and direction, guiding the reader appropriately.
You are considering three alternative banks in which to open a savings account. The first bank offers you an annual rate r1, and the interest is paid monthly. The second bank offers a rate r2, and the interest is paid daily. The third bank offers a rate r3, and it offers continuous compounding.
Give all answers to four decimal places.
1) Suppose you were to save $500.0000 in the first bank. The interest rate is r1=8.0000%. Three years from now, you should have $
2) Suppose you were to save $500.0000 in the second bank. The interest rate is r2=5.0000%. Three years from now, you should have $
3) Suppose you were to save $500.0000 in the third bank. The interest rate is r3=3.0000%. Three years from now, you should have $
4) Let the interest rate in the first bank be r1=8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2=
5) Let the interest rate in the third bank be r3=3.0000%, and you are considering saving your money for 3 years. The interest rate from the first bank that would make you indifferent between the first and third bank is ????
Answer:
1) Suppose you were to save $500.0000 in the first bank. The interest rate is r1=8.0000%. Three years from now, you should have
effective interest rate = 1.08 = (1 + r)¹²
r = 0.643403% per month
future value = $500,000 x (1.0643403)³⁶ = $629,856
2) Suppose you were to save $500.0000 in the second bank. The interest rate is r2=5.0000%. Three years from now, you should have
effective interest rate = 1.05 = (1 + r)³⁶⁵
r = 0.013368061% per day
future value = $500,000 x (1.00013368061)¹⁰⁹⁵ = $578,812.50
3) Suppose you were to save $500.0000 in the third bank. The interest rate is r3=3.0000%. Three years from now, you should have
future value = $500,000 x e⁰°⁰⁹ = $547,087.14
4) Let the interest rate in the first bank be r1=8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2=
$629,856 = $500,000 x (1 + i)¹⁰⁹⁵
(1 + i)¹⁰⁹⁵ = 1.259712
1 + i = 1.000210874
i = 0.000210874 = 0.0210874% per day or 7.7% annual
5) Let the interest rate in the third bank be r3=3.0000%, and you are considering saving your money for 3 years. The interest rate from the first bank that would make you indifferent between the first and third bank is
$500,000 x (1 + i)³⁶ = $547,087.14
(1 + i)³⁶ = 1.09417428
i = 0.2503128 per month = 3.05% annual
What kind of pricing is based upon the perception of value and can command a higher price point?
Premium pricing
Economy pricing
Psychological pricing
Pricing for penetration
Answer: economy
Explanation:
The effective operation of a firm and its supply chain is more important than the design and implementation of its processes.
True False
Answer: False
Explanation:
The above statement is false. The design and implementation stage is vital as well as thus is the point where a particular product is designed and where the project will be executed.
A product can only be supplied to the customers if such product has give through the design and implementation phase. This implies that the phase is if importance.
Perceptual skills can be enhanced
by
Select one:
a. Knowing and perceiving on
self accurately
b. Being empathetic
c. Both are incorrect
d. Both are correct
= Both are correct
Answer:
D
Explanation:
A and B both effect Perceptual skills so it would be D
M.A. was counting on her savings that she invested in Social Security. She doubts that this system will support her because the stock market crashed. She believes that the failure of the stock market, and its lack of recovery is because of poor presidential leadership.
a. True
b. False
Incomplete/unclear question. However, I answered based on what is found in the text.
Answer:
a. True
Explanation:
Based on the text, as part of her plans for old age, M.A was counting on her savings in social security.
And it is also possible for poor presidential leadership to negatively affect stock prices since the executive arm of government (the president) can draft out fiscal policies that could influence the amount of spending in an economy; thereby leading to a lack of recovery in stock prices.
When drafting an end-of-year summary report to her supervisor about the status and sales of the restaurant's newest pizza, Diane omits details about negative customer feedback. By only reporting positive feedback, which barrier of effective communication is she using?
A) deceptive tactics
B) perceptual differences
C) distractions
D) information overload
There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season tickets since 1960. There were about 70,000 people on the waiting list to buy season tickets in 2018. Packers tickets are a normal good. As a result of the economic recession in 2010 during which people's incomes decreased, the:________.
a. demand for Packers tickets decreased.
b. substitution effect changed the quantity demanded.
c. quantity demanded of Packers tickets decreased.
d. demand curve for Packers tickets shifted rightward.
Answer: quantity demanded of Packers tickets decreased.
Explanation:
First and foremost, we should note that normal goods are the goods that when the income of an individual rises, the individual will buy more and in a case whereby the income reduces, the person will buy less.
Therefore, during recession when people's incomes decreased, the quantity demanded of Packers tickets decreased as well
Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 6,700 units, but its actual level of activity was 6,650 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October:
Data used in budgeting:
Fixed element
per month Variable element per unit
Revenue — $34.20
Direct labor $0 $6.20
Direct materials 0 13.80
Manufacturing overhead 37,000 1.70
Selling and administrative expenses 25,500 0.20
Total expenses
$62,500
$21.90
Actual results for October:
Revenue $228,900
Direct labor $41,130
Direct materials $93,235
Manufacturing overhead $43,500
Selling and administrative expenses $30,470
The direct materials in the flexible budget for October would be closest to:
A. $91,770
B. $93,965
C. $92,460
D. $93,055
Answer:
A. $91,770
Explanation:
The direct materials in the flexible budget for October:
Cost = Variable Cost + Fixed Cost
Variable Cost = Actual level of activity*Direct material Variable element per unit = 6,650 units * $13.80 = $91,770
Fixed Cost = $0
So, the direct materials in the flexible budget for October = $91,770 + 0 = $91,770.
The interest rate will increase as a result of:
Select one:
a. decrease in minimum lending rate
b. a reduction in income
c. an open market purchase of bonds by the central bank
d. Increase in tax rate
= decrease in minimum lending rate
The interest rate will increase as a result of decrease in minimum lending rate.
What will lead to an increase in the interest rate?Interest rate can be described as the cost of borrowing. It is the rate that borrowers charge lenders for the use of their funds.
When the demand for money increases, the interest rate will increase. When there is a decrease in the minimum lending rate, there would be an increase in the demand for money. As a result, interest rate would increase.
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The correct option is A when the rate of interest increases and there is a decrease in the minimum lending rate.
What is needed to increase the interest rate?It is a money-controlling technique to maintain the flow of money in the market. When there is excess money in the market, this measure can be used.
Thus, option A is correct the interest rate can be increased when there is excess money in the market, whereas the interest rate can be decreased when there is less money in the market in terms of providing loans at a reasonable rate.
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Every day, Dawa comes to work
intoxicated, and this compromises
his work efficiency. Dawa is
engaging in
Select one:
a. corruption
b. Workplace deviancev
c. Property deviance
d. Sabotage
= Workplace deviance
Answer:
the answer is workplace deviancey
Answer:
You are indeed correct
Explanation:
which business is more likely to borrow from an investment bank
Answer:
Investment banks were seeking to borrow more money to trade more debt and earn more profits. Early on, for every one dollar the investment bank invested from its own funds, it invested an additional three dollars of borrowed funds.
The subsidiary of a U.S. corporation located in Country Y generated income of $1,000,000 on which it paid $400,000 (40%) in taxes to Country Y. The subsidiary paid a dividend to the U.S. parent of $54,000. How much tax is currently owed to the U.S. government if the federal tax rate is 35%
Answer:
The tax currently owed to the U.S. government is:
$18,900
Explanation:
a) Data and Calculations:
Income generated by the foreign subsidiary = $1,000,000
Tax paid by the subsidiary in its country of residence = $400,000
Dividend paid to the U.S. parent = $54,000
Federal tax rate = 35%
Tax on the dividend = $18,900 ($54,000 * 35%)
b) The dividend of $54,000 is a foreign-source income earned by a U.S. parent corporation. This is this amount that will be subject to tax in the U.S. and not the net income of the subsidiary.
A bank has total interest income of $62.736 million and total noninterest income of $10.077 million. This bank has total interest expenses of $22.065 million and total noninterest expenses (excluding PLL) of $23.858 million. Its provision for loan losses is $1.566 million and its taxes are $3.214 million. What is this bank's net noninterest income, to the nearest $0.001 million?
Answer:
-$15.347
Explanation:
Calculation for What is this bank's net noninterest income
Using this formula
Net noninterest income=Total noninterest income+(Total noninterest expenses+Loan losses)
Let plug in the formula
Net noninterest income=$10.077-($23.858+$1.566,)
Net noninterest income=$10.077-$25.424
Net noninterest income=-$15.347
Therefore the bank's net noninterest income will be -$15.347
Communication may account for as much as. Of a hiring decision
a 25%
b. 40%
C65%
d. 80%
Answer:
A) 25%
Explanation:
Just got it right on edge
Ashton's gross pay is $82,000. He receives tax credits of $2,000. He pays total taxes of $4,500. What are his taxable and disposable incomes?
Ashton's taxable income is $
and his disposable income is $
v
Reset
Next
Answer:Therefore, Ashton's taxable income is, $80,000 while his disposable income is $75,500.
Explanation:
Which professional has helped Jennifer in this example?
Jennifer bought a new smart phone from a local store that sells electronic products. After a week, she started experiencing problems with the
phone's display screen. She went back to the store and spoke to its ___
representative, who replaced the product and
apologized for the inconvenience.
Answer:
would it be sales representative since they were only able to replace the device and apologize
Answer:
customer service
Explanation:
I'm smart and got it right on my test
In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $90,000. The casualty was attributable to a Federally declared disaster. How much of the casualty loss will be deductible by Wilson under the following circumstances?
Required:
a. Wilson is an individual proprietor and has AGI of $225,000. The casualty loss was a personal loss, and the insurance recovered was $50,000 before any limitations. Wilson can claim a casualty loss as an itemized deduction of $_________
b. Assume Wilson is a C corporation, and the insurance recovered was $50,000 before any limitations Wilson can deduct $________
Answer:
Items Amount
a. Loss 90000
Less: Insurance Recovery 50000
Loss after Insurance reimbursement 40000
Less : Single event Deduction 100
Loss after $ 100 rule 39900
Less: 10%*225000(AGI) 22500
Casualty loss deduction $17,400
So, the casualty loss deductible by Wilson = $17,400
b. Wilson is a corporation, and the insurance recovered was $50,000. As the casualty loss is a personal loss, no deduction is available to Wilson Corporation . So,casualty loss deductible by Wilson = $0.
On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June:
a. Opened a business bank account with a deposit of $30,000 from personal funds.
b. Purchased office supplies on account, $1,800.
c. Received cash from fees earned for managing rental property, $10,000.
d. Paid rent on office and equipment for the month, $4,500.
e. Paid creditors on account, $1,250.
f. Billed customers for fees earned for managing rental property, $16,800.
g. Paid automobile expenses (including rental charges) for the month, $750, and miscellaneous expenses, $980.
h. Paid office salaries, $4,000.
i. Determined that the cost of supplies on hand was $680; therefore, the cost of supplies used was $1,120.
j. Withdrew cash for personal use, $7,500.
Required:
Indicate the effect of each transaction and the balances after each transaction.
Answer:
a.
Assets = Increase $30,000
Liability = No effect
Equity = Increase $30,000
Balances : Cash = $30,000 , Capital = $30,000
b.
Assets = Increase $1,800
Liability = Increase $1,800
Equity = No effect
Balances : Office Supplies $1,800, Trade Payables $1,800
c.
Assets = Increase $10,000
Liability = No effect
Equity = Increase $10,000
Balances : Cash = $40,000, Revenue Earned $10,000
d.
Assets = Decrease $4,500
Liability = No effect
Equity = Decrease $4,500
Balances : Rent Expense $4,500, Cash $35,000
e.
Assets = Decrease $1,250
Liability = Decrease $1,250
Equity = No effect
Balances : Trade Payables $550, Cash $33,750
f.
Assets = Increase $16,800
Liability = No effect
Equity = Increase $16,800
Balances : Revenue Earned $26,800 , Trade Receivables $16,800
g.
Assets = Decrease $1,730
Liability = No effect
Equity = Decrease $1,730
Balances : Automobile expenses $750 , Miscellaneous expenses $980, cash $33,000
h.
Assets = Decrease $4,000
Liability = No effect
Equity = Decrease $4,000
Balances : Office salaries $4,000, cash $29,000
i.
Assets = Decrease $1,120
Liability = No effect
Equity = Decrease $1,120
Balances : Office Supplies $680, Supplies expenses $1,120
j.
Assets = Decrease $7,500
Liability = No effect
Equity = Decrease $7,500
Balances : Cash $21,500, Drawings $7,500
Explanation:
When required to give the effect of transactions, always remember the Accounting Equation : Assets = Equity + Liability
Transactions will affect one or more elements of the this equation. Here is a simple approach to arrive at the effects :
Step 1 : The initial step is to identify the Accounts affected.
Step 2 : Classify the Accounts as either Assets, Liabilities or Equity (Capital and Profit)
Step 3 : Give the Effect (Increase, Decrease or No Effect) on the Elements of the equation.
Is rental income debit or credit
Answer:
Debit
Explanation:
Rent Income is recorded by crediting the account. Cash is debited if cash is received. Rent Receivable is debited if it is to be collected at a later date.
Which of the following occupations would least likely to be
subjected to seasonal employment?
Select one:
a.
Easter Bunny.
b.
McDonald clown.
C.
Department store Santa Claus.
d.
Lifeguard.
= McDonald clown.
Answer:
McDonald Clown
Explanation:
B.
=MCDONALD
Scenario #2: One spouse thinks that their two children need new shoes. The other
spouse thinks that the family vehicle needs an oil change. Can both be done with only
$30 in the budget for blow money? How can this issue be resolved in the future?
.
Which type of company can list and trade shares on the stock exchange?
А
company can list
Answer:
A corporation is owned by its shareholders, and selling shares on the open market is one way for a public company to raise capital. To promote trading of its stock, a corporation may choose to list its shares on a stock exchange.
Assume that Mahmood Corp. lends Ahmad $10,000 in exchange for a $10,000,
three-year note bearing interest at 10 percent annually. The market rate of interest for a
note of similar risk is also 8 percent.
1. What is the present value?
2. What the entry is at the date of lends?
3. Prepare the schedule of the loan?
4. What is the entry at the end of year?
Answer:
1) the present value of the note:
PV of face value = $10,000 / (1 + 8%)³ = $7,938.32
PV of interest payments = $1,000 x 2.5771 (PV annuity factor, 8%, 3 periods) = $2,577.10
PV of note = $10,515.42
2) Dr Notes receivable 10,515.42
Cr Cash 10,000
Cr Discount on notes receivable 515.42
3) assuming the loan was made January 2, 2021
Date Cash flow Discount Balance
January 2, 2021 -$10,000 $10,515.42
January 2, 2022 $1,000 $171.81 $10,343.61
January 2, 2023 $1,000 $171.81 $10,171.80
January 2, 2024 $11,000 $171.80 $0
4) December 31, accrued interest on notes receivable
Dr Interest receivable 1,000
Dr Discount on notes receivable 171.81
Cr Interest revenue 1,171.81
Balance sheet and income statement data indicate the following:
$842,000
Bonds payable, 10% (due in two years)
Preferred 5% stock, $100 par (no change during year)
Common stock, $50 par (no change during year)
220,000
1,672,000
376,000
Income before income tax for year
Income tax for year
89,000
Common dividends paid
Preferred dividends paid
83,600
11,000
Based on the data presented, what is the times interest earned ratio (rounded to one decimal place)?
Oa. 7.9
Ob. 4.5
Oc. 3.5
Od. 5.5
Answer:
The correct option is d. 5.5.
Explanation:
Note: This question is not properly arranged. It is therefore rearranged before answering the question as follows:
Balance sheet and income statement data indicate the following:
Bonds payable, 10% (due in two years) $842,000
Preferred 5% stock, $100 par (no change during year) 220,000
Common stock, $50 par (no change during year) 1,672,000
Income before income tax for year 376,000
Income tax for year 89,000
Common dividends paid 83,600
Preferred dividends paid 11,000
Based on the data presented, what is the times interest earned ratio (rounded to one decimal place)?
Oa. 7.9
Ob. 4.5
Oc. 3.5
Od. 5.5
The explanation of the answer is now given as follows:
The times interest earned ratio can be calculated using the following formula:
Times interest earned ratio = EBIT / Interest expenses ................ (1)
Where;
Interest expenses = Bonds payable * 10% = $842,000 * 10% = $84,200
EBIT = Earnings before interest and taxes = Income before income tax for year + Interest expenses = $376,000 + $84,200 = $460,200
Substituting the values into equation (1), we have:
Times interest earned ratio = $460,200 / $84,200 = 5.46555819477435
Rounded to one decimal place, we have:
Times interest earned ratio = 5.5
Therefore, the correct option is d. 5.5.
Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's automobile market?
Use letters in alphabetical order to select options
A monopolistic competition
B duopoly
C double monopoly
D Nash equilibrium
Answer:
Duopoly ( B )
Explanation:
The term that describes a country's market whereby there are only two firms in any industry is ; Duopoly
A Duopoly economy is a type of economy whereby the entirety of an Economy is solely controlled/owned by a not more than two industries/companies, this type of economy can be said to be a form of Oligopoly in its simplest form. while a monopolistic competition involves just one company or industry controlling the economy