Answer: Categorical
Explanation:
Categorical data refers to data that enables variables to be grouped into categories but in such a way that there is no ordering to the categories.
In this scenario, the cars will be grouped by their colors but these colors cannot be ordered by saying that red is higher than blue or yellow is higher than white. It is therefore Categorical data.
In 2007, the price of oil increased, which in turn caused the price of natural gas to rise. This can best be explained by saying that oil and natural gas are:_______.A. Complements and the higher price for oil increased the demand for natural gas. B. Complements and the higher price for oil decreased the supply of natural gas. C. Substitutes and the higher price for oil increased the demand for natural gas. D. Substitutes and the higher price for oil decreased the supply of natural gas. E. Unrelated and the prices of both products increased because of increased reliance on fossil fuels.
Answer:
C. Substitutes and the higher price for oil increased the demand for natural gas.
Explanation:
In 2007, the price of oil increased, which in turn caused the price of natural gas to rise. This can best be explained by saying that oil and natural gas are substitutes and the higher price for oil increased the demand for natural gas.
Substitute goods are goods that can be used in place of another good because they serve the same purposes.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
Kingbird, Inc. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $290000 and credit sales are $2910000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Kingbird, Inc. make if the Allowance for Doubtful Accounts has a credit balance of $2900 before adjustment?
Answer:
Dr Bad Debts Expense 8,700
Cr Allowance for Doubtful Accounts 8,700
Explanation:
Preparation of the adjusting Journal entry that Kingbird, Inc. will make if the Allowance for Doubtful Accounts has a credit balance of $2900 before adjustment
Based on the information given the Allowance for Doubtful Accounts will have an ending credit balance of 4% of the amount of $290,000 or the amount of $11,600 (4%*$290,000) which means that for us to increase the credit balance of the amount of $2,900 to the amount of $11,600, the account will requires a credit of the amount of $8,700($11,600-$2,900).
Therefore the adjusting Journal entry that Kingbird, Inc. will make if the Allowance for Doubtful Accounts has a credit balance of
the amount of $2,900 before adjustment will be:
Dr Bad Debts Expense 8,700
Cr Allowance for Doubtful Accounts 8,700
[4%*$290,000 -($2,900)]
An example of a start of a start up cost
Answer:
what
Explanation:
please write the question properly I can't understand it
Miller Nwagi will not ride in elevators because he perceives them to be confining boxes that could fall. He refused to visit a store, which was selling his favorite brand of pipe tobacco, because the store could only be reached with an elevator. This would be an example of how _____ influences determine consumer buying decisions
Answer:
Psychological influence
Explanation:
During consumption people sometimes experience Internal influences that are basically stemmed from their own lifestyle and also their way of thinking. These influences arise out of their personal thoughts, their self-concepts, their feelings and also attitudes, lifestyles, motivation and memory. We refer to these internal influences as psychological influences.
Psychological influences is why miller would not ride in elevators due to the perception he has formed internally about elevators. And hence the reason he wouldn't use one.
Atlanta Spokane
Total liabilities $610,000 $466,200
Total equity 630,000 1,648,000
Compute the debt-to-equity ratio for each of the above companies. Which company appears to have a riskier financing structure
Answer:
Debt to Equity = Total liabilities / Total Equity
Atlanta
= 610,000/630,000
= 0.9682
= 0.97
Spokane
= 466,200/1,648,000
= 0.28
Atlanta appears to have the riskier financing structure because a higher debt to equity ratio signifies less capacity to be able to pay off debt with the equity which means there is a greater chance of default.
Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their adjusted gross income for 2019 is $415,300. What is Russ and Linda's total child and other dependent credit for 2019?
a. $500
b. 2,500
c. 3,700
d. 4,500
e. 4,700
Suppose Mexico wishes to fix its exchange rate relative to the US dollar. If the Federal Reserve raises interest rates, what would happen to the peso-dollar exchange rate in the absence of any change in Mexican interest rates?
Answer:
In this scenario, if the Fed raises the interest rates, the demand for U.S. dollars will rise, because investment in U.S. dollars will now be cheaper. This will in turn lower the demand for Mexican Pesos, putting pressure on the Mexican currency to depreciate (to lose value against the U.S. dollar).
Magee Company's stock has a beta of 1.20, the risk-free rate is 4.50%, and the market risk premium is 5.00%. What is Magee's required return
Answer:
10.50%
Explanation:
Calculation for Magee's required return
Using this formula
Required return=Risk-free rate+Beta(Market risk premium)
Let plug in the formula
Required return= 4.50% + 1.20(5.00%) .
Required return=4.50%+6%
Required return= 10.50%
Therefore Magee's required return will beb10.50%
The scaffer auto company has purchased a large parcel of land for $1 million. The company recently discovered that the land is contaminated and is worthless top all possible buyers. the opportinity cost of the land is:_________
Answer:
the opportunity cost of the land is zero
Explanation:
The opportunity cost is the cost that provides the best option in the many alternatives available
Here in the question it is given that a parcel fo land is purchased for $1 million and it is seen that the land is worthless so here the opportunity cost of the land is zero as it is of no use
Therefore the opportunity cost of the land is zero
Calculate the gross profit ratio and the inventory turnover ratio for the fiscal year ended February 3, 2018. Compare Target’s ratios with the industry averages of 24.5% and 7.1 times. Determine whether Target’s ratios indicate the company is more/less profitable and sells its inventory more/less frequently compared to the industry average.
Answer:
Target Corporation
a) Gross profit ratio = 28.4%
b) Inventory turnover ratio = 5.9 times
c) Indication: Target Corporation is more profitable at 28.4% gross margin ratio than the industry average of 24.5%. But, it sells its inventory, 5.9 times in a year, which is less frequently than the industry average of 7.1 times.
Explanation:
a) Data and Calculations:
Target Corporation Financials for 2018:
Sales = $74,433 million
Cost of Sales = $53,299 million
Gross profit = $21,134 million ($74,433 - $53,299)
Beginning Inventory = $8,597 million
Ending Inventory = $9,497 million
b) Gross profit ratio = Gross profit/Sales * 100
= $21,134/$74,433 * 100
= 28.4%
c) Inventory turnover ratio = Cost of Sales/Average Inventory
= $53,299/$9,047
= 5.89
= 5.9 times
d) Average Inventory = (Beginning Inventory + Ending Inventory)/2
= ($8,597 + 9,497)/2
= $9,047 million
A company factored $37,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a:_____.A. Debit to Cash of $37,620, a debit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $38,000.
B. Debit to Cash of $38,380 and a credit to Accounts Receivable of $38,380.
C. Debit to Cash of $38,000 and a credit to Accounts Receivable of $38,000.
D. Debit to Cash of $38,000 and a credit to Notes Payable of $38,000.
E. Debit to Cash of $38,000, a credit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $37,620.
Briefly explain why the covariance of a security with the rest of a well-diversified portfolio is a more appropriate measure of the risk of the security than the security’s variance.
Answer:
Covariance is a statistical measure that is use for determining the relationship between two variables and its measure the strength of correlation between the twos. A well diversified portfolio is type of portfolio on which all stocks are negatively correlated to each other. The risk of their portfolio is minimal with given level of return. So, in well diversified portfolio, covariance between stock is minimal, that is stock is not much correlated with each other.
The unemployment rate is the percentage of the: Group of answer choices population that is unemployed. adult population that is unemployed. adult population that is in the labor force. labor force that is unemployed. labor force that is employed. g
Answer:
labor force that is unemployed.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.
The unemployment rate is divided into various types, these include;
1. Cyclical unemployment rate (CU).
2. Frictional unemployment rate (FU),
3. Structural unemployment rate (SU).
4. Actual unemployment rate (AU).
5. Natural Rate of Unemployment (NU).
Hence, the unemployment rate is the percentage of the labor force that is unemployed.
Answer: the answer is true
Explanation: i just did it on edgnuity
Causes of low economic growth
Answer:
Effect on living standards. ...
Pressure on public services and government borrowing.
increase in aggregate demand (AD).
Consider a 10-year corporate bond issued by a BB-rated firm and a 10-year municipal bond issued by a BBB-rated municipality. Which would you expect to have a higher yield-to-maturity?
a. BB-rated corporate bond
b. BBB-rated municipal bond
Answer:
I'd say a BBB bond is better
The BBB-rated municipal bond will have a higher yield-to-maturity. The appropriate response is BBB-rated municipal bond .
What is BBB-rated municipal bond ?BBB-rated bonds are regarded as medium-grade debt. They are neither poorly secured nor well protected. Interest payments and principal security seem sufficient at this time, but some protective components may not exist or may prove unreliable in the future.
For less hazardous bonds, investment grade ratings are typically BBB- or higher; ratings below BBB- are non-investment grade ratings (for riskier bonds). Non-investment grade may be substituted with the terms "speculative" or "high yield".
When capital preservation is the main goal, bonds rated "BBB," "Baa," or better are typically thought of as appropriate investments. Many municipal bonds are backed by insurance plans that ensure repayment in the case of default to allay investor concerns.
To learn more about municipal bond
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Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to
Answer:
barriers to entry in monopoly but not in monopolistic competition.
Explanation:
Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.
Since monopolies do not face competition, they can earn economic profits in the long run.
A buyer borrows money at 6% interest to pay a $10100 invoice with terms 1/10, n/30 on the 10th day of the discount period. The loan is repaid on the 30th day of the invoice. What is the buyer’s net savings for these two transactions?
Answer:
$67
Explanation:
Calculation for the buyer's net savings for the two transaction
Buyer's net savings=($10,100 × .01) − ($10,100 × .06 × 20 days/360)
Buyer's net savings=$101-$34
Buyer's net savings=$67
Note that 10th day of the discount period less 30th day of the invoice will gives 20 days while 360 days represent the number of days in a year
Therefore the buyer's net savings for the two transaction will be $67
If we compare the betas of various investment opportunities, why do the assets that have higher betas also have higher average expected rates of return
Answer:
Because they are more riskier and have higher rates of return.
Explanation:
Consider a firm with a daily demand of 100 units, a production rate per day of 500 units, a setup cost of $200, and an annual holding cost per unit of $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to hold? A. 1095 B. 9798 C. 980 D. 1081 E. 1225 F. 876
Answer: 980
Explanation:
The number of units of inventory that the storage area must be able to hold will be calculated as:
Demand = 100 × 300 = 30000
Production rate per day = 500
Setup cost = $200
Annual holding cost = $10
We then use the economic order quantity formula to solve and the answer will be gotten as 1225
The maximum inventory will now be:
= EQQ × (1-d/p)
= 1225 × (1-100/500)
= 1225 × ( 1 - 0.2)
= 1225 × 0.8
= 980
Diazlo Corporation has 10,000 shares of 7%, $10 par cumulative preferred stock and 47,000 shares of common stock outstanding. Diazlo declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Diazlo declares a total dividend of $45,000. How much of the dividends go to the common stockholders?A. $44,000 B. $41,000 C. $47,000 D. None of above
Answer: None of above
Explanation:
Firstly, we calculate the annual dividend on the preferred stock which will be:
= 10,000 × 7% × $10
= 10,000 × 0.07 × 10
= $7000
Dividend paid to shareholders will be:
= $7000 × 2 = $14000
The dividend that goes to the common stockholders will now be:
= $47000 - $14000
= $33000
Therefore, the answer is none of the above
What is the difference between statistics and business statistics?
Answer:
Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.
The market rate of return is 12 percent and the risk-free rate of return is 3 percent. Lexant stock has 3 percent less systematic risk than the market and has an actual return of 12 percent. This stock:______
a. Is underpriced.
b. Is correctly priced.
c. Will plot below the security market line.
d. Will plot to the right of the overall market on a security market line graph.
e. Will plot on the security market line.
Answer:
a
Explanation:
The market rate of return is 12 percent and the risk-free rate of return is 3 percent. Lexant stock has 3 percent less systematic risk than the market and has an actual return of 12 percent. This stock is underpriced
If Revere Company expects to sell 1,250 units of its product at $12 per unit, and break-even sales for the product are $13,200, what is the margin of safety ratio?
Answer:
Margin of safety ratio= 0.12
Explanation:
Giving the following information:
Sales= 1,250 units
Break-even point in sales= $13,200
Selling price= $12
First, we need to determine the current sales in dollars:
Sales in dollars= 1,250*12= $15,000
Now, the margin of safety ratio:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= (15,000 - 13,200) / 15,000
Margin of safety ratio= 0.12
An agency's power to determine whether the activity of a regulated entity is acceptable or not is an example of:______.a. rate-making power.b. licensing power.c. power over business practices.d. liability power.
Answer:
c. power over business practices
Explanation:
Regulatory agencies are formed to monitor and checkmate adverse activities of a certain sector of an economy.
They have various powers that can be used to control activities in a economic sector:
- Licencing power is the ability to give access to the players in a particular business sector.
- Rate making power is the ability of regulatory agency to determine price of commodities
- Power over business practices is regulatory agency's power to determine whether the activity of a regulated entity is acceptable or not.
For example if regulatory agency in communication notices the process for registering new clients is too cumbersome, they can enforce a more simple and streamlined process
The S&P 500 stock index is at 1300. The annualized interest rate is 4.0 percent, and the annualized dividend is 2 percent. You are currently considering purchasing a two-month futures contract for your portfolio Refer to Exhibit 15.12. Calculate the current price of the futures contract.
Answer: $1,304.30
Explanation:
Current price can be calculated by the formula:
= 1,300 * ( 1 + (4% - 2%)) ^ 2/12 months
= 1,300 * 1.0033058903246372019414946658385
= $1,304.29
= $1,304.30
Buyers in the business market give little importance to overall value for purchase decisions. True or false?
Answer:
False
Explanation:
Buyers are generally divided into two markets:
consumer market (B2C)business market (B2B)B2B sales are very different than everyday B2C sales since institutional buyers (businesses) tend to analyze their purchases a lot and only carry them out if they are necessary. The people that make these B2B purchases are professional buyers, i.e. they are people whose work is to make the best possible deals when buying. The goal of these professional buyers is to maximize value received per dollar paid.
Anthony currently earns $25 an hour and works 40 hours a week. When his boss offers to pay him $29 per hour, Anthony decides to accept the offer, but decides to keep working 40 hours. What is the effect of Anthony's decision on the labor supply curve?
Answer:
substitution and income effects will counteract each other totally
Explanation:
A labor supply curve is an economic analysis tool that shows the number or workers that are available to work or that can work at various wage rates.
The labor supply curve can either be bending backwards or sloping downwards or upward curving but it shows the relationship between labour and wage rates.
A labor supply curve can be affected by factors such as population, changes in social behaviour, opportunities in other markets, among other things.
From the above question, it is seen that a change in wage rate for Anthony from $25 to $29 does not affect his work hours positively of negatively. His work hours is the same despite the increase in hourly wage.
The effect of the Anthony sticking to 40 hours of work despite an increase in wage, which could have served as some motivation for him to put in more hours is his labor curve remains same. An increase in wage has done noting to affect the number of hours he works and as such his income vs work rate counters each other.
Cheers.
Claudia, a legal assistant, has been vested by her employer after having worked with the employer for ten years. This implies that she __________.
a. she can transfer her entire pension fund balances to a new employer’s plan if she moves to a new company
b. she will receive the amounts contributed by both the employer and herself when she retires
c. she will receive the maximum amount of pension available under her company’s retirement plan when she retires
d. she will receive the funds her employer has contributed to the retirement plan only if she is a member of the company while retiring
Answer: b. she will receive the amounts contributed by both the employer and herself when she retires
Explanation:
Since Claudia, has been vested by her employer after having worked with the employer for ten years, she will receive the amounts contributed by both the employer and herself when she retires
In this case, Claudia is vested and has the right to claim her funds in the retirement plan since she has worked for ten years.
Harrison Co. issued 14-year bonds one year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.5 percent, what is the current dollar price assuming a $1,000 par value?
Answer:
Bond Price= $1,128.82
Explanation:
Giving the following information:
Time= 13*2= 26
Cupon= (0.069/2)*1,000= 34.5
YTM= 0.055/2= 0.0275
Par value= $1,000
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 34.5*{[1 - (1.0275^-26)] / 0.0275} + [1,000/(1.0275^26)]
Bond Price= 634.88 + 493.94
Bond Price= $1,128.82
Machine X has an initial cost of $10,000. It is expected to last 12 years, to cost $200 per year to maintain and to have a salvage value of $1,000 at the end of its useful life. The equivalent uniform annual cost of the machine at 8% interest is most nearly ___________.A. 51,547.B. $1,000.C. 51.475.D. 51,160.E. $1,750.
Answer:
C. $1.475
Explanation:
Initial cost of Machine X = $10,000
Annual maintenance cost = $200
Salvage value = $1,000
Interest rate = 8%
Useful life = 12 years
Calculation of the equivalent uniform annual cost
EUAC = Initial cost of the machine X (A/P, i, n) + Annual maintenance cost - salvage value(A/F, i, n)
EUAC = 10,000(A/P, 8%, 12) + 200 - 1,000(A/F, 8%, 12)
EUAC = [10,000 * 0.1327] + 200 - [1,000 * 0.0527]
EUAC = 1,327 + 200 - 52.7
EUAC = 1,474.30