Answer:
The best explanation for the need to allocate resources in the game of economics is that:
C) There are not enough resources to produce all of the goods and services that everyone wants.
Explanation:
In economics, it has been established that human needs are insatiable and that the resources to meet the needs are not readily and sufficiently available. This is the bedrock of Economics. It is the reason that Economics is studied as a separate course. Scarcity and needs are important concepts in human interactions. Therefore, the ability to allocate scarce resources to enable the production of goods and services is key to human development.
Each of the following is a main source of web traffic EXCEPT:
banner ads
radio networks
affiliate networks
word of mouth
Answer:
I think radio networks
Explanation:
why because i never heard them talk about that stuff on the radio sorry if it was wrong
he Hudson Corporation has 8,100 obsolete units of a product that are carried in inventory at a manufacturing cost of $162,000. If the units are remachined for $40,900, they could be sold for $73,000. Alternatively, the units could be sold for scrap for $28,100. The alternative that is more desirable and the total relevant costs for that alternative are:
Answer:
It is more profitable to re-process the units. Income will increase by $4,000.
Explanation:
Giving the following formula:
Number of units= 8,100
Re-process the units:
Total cost= $40,900
Selling price= $73,000
Sold as-is:
Selling price= $28,100
We will conduct an incremental analysis, therefore the first manufacturing costs should not be taken into account. They remain constant in both options.
Re process:
Effect on income= 73,000 - 40,900
Effect on income= $32,100 increase
Sold as-is:
Effect on income= $28,100 increase
It is more profitable to re-process the units. Income will increase by $4,000.
Resources do not limit the number of needs and wants people
can
satisfy.
True or False
Answer:
False
Explanation:
Resources absolutely limit what can be accomplished and done. Just think of the timber industry. They want to cut down all trees they can to make a profit, but society needs to preserve natural forests so their cutting is limited.
Answer:
false
Explanation:
resources is a source that is generate form nature. the resources satisfy the wants because is the will no resource like - chair , table, food( that we cook) etc. we can't survive in this world. some examples for reading in school tables, chair are made form wood, which is a source .
On the worksheet the adjusted balance of a contra asset account would be extended to:
Answer: the Balance Sheet Credit column.
Explanation:
A contra account is simply an asset account which has a credit balance, unlike the normal asset account that typically has a debit balance.
The two main types of contra account include the accumulated depreciation and the allowance for bad debt. We should note that on the worksheet the adjusted balance of a contra asset account would be extended to the credit column of the balance sheet.
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales $ 3,000,000 $ 9,000,000 Net operating income $ 210,000 $ 720,000 Average operating assets $ 1,000,000 $ 4,000,000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 15%. Compute the residual income for each division. 3. Is Yokohama’s greater amount of residual income an indication that it is better managed?
Answer:
1. Return on Investment = Sales Margin / Capital turnover
= (Net income / Sales) ÷ (Assets / Sales)
Osaka:
= (210,000 / 3,000,000) ÷ (1,000,000 / 3,000,000)
= 0.07 / 0.33
= 21%
Yokohama
= (720,000 / 9,000,000) ÷ (4,000,000 / 9,000,000)
= 0.08 / 0.44
= 18%
2. Residual income = Operating income * (Required return * Average operating assets)
Osaka = 210,000 - (15% * 1,000,000)
= $60,000
Yokohama = 720,000 - (15% * 4,000,000)
= $120,000
c. No is isn't because Residual income is not a good matric to use to compare companies or departments as it does not show the amount of assets used by the companies being compared.
Product A consists of two units of Subassembly B, two units of C, and one unit of D. B is composed of four units of E and two units of F. C is made of two units of H and three units of D. H is made of five units of E and two units of G. To produce 100 units of A, determine the numbers of units of B, C, D, E, F, G, and H required using the low-level coded product structure tree.
Level 0 100 units of A
Level 1 units of B
units of C
Level 2 units of F
units of H
units of D
Level 3 units of E
units of G
Answer:
[tex]B = 200\ units[/tex] [tex]C = 200\ units[/tex]
[tex]F = 400\ units[/tex] [tex]H = 400\ units[/tex]
[tex]D = 700\ units[/tex] [tex]E = 2800\ units[/tex]
[tex]G = 800\ units[/tex]
Explanation:
Given
[tex]A = 100\ units[/tex]
See attachment for right presentation of question
Solving (a): The low level coded product structure tree
This is plotted by considering the hierarchy or level of each product item and their corresponding units.
See attachment (2)
Solving (b): The number of units of each.
To do this, we multiply the units of the given product by the number of unit the fall under.
So, we have:
Products B and C are directly under A, so we multiply their units by units of A.
[tex]B = 2 * A = 2 * 100[/tex]
[tex]B = 200\ units[/tex]
[tex]C = 2 * A = 2 * 100[/tex]
[tex]C = 200\ units[/tex]
Product F is directly under B, so we multiply its units by units of B.
[tex]F = 2 * B = 2 * 200[/tex]
[tex]F = 400\ units[/tex]
Product H is directly under C, so
[tex]H = 2 * C = 2 * 200[/tex]
[tex]H = 400\ units[/tex]
Product D has of 3 units of C and 1 unit of A. So:
[tex]D = 3 * C + 1 * A[/tex]
[tex]D = 3 * 200 + 1 * 100[/tex]
[tex]D = 700\ units[/tex]
Product E has of 4 units of B and 5 units of H. So:
[tex]E = 4 * B + 5 * H[/tex]
[tex]E = 4 *200 + 5 * 400[/tex]
[tex]E = 2800\ units[/tex]
Product G has 2 units of H.
So:
[tex]G = 2 * H = 2 * 400[/tex]
[tex]G = 800\ units[/tex]
Egan is very skilled at budgeting his money, he is very patient, he understands how to track his own financial records, and he keeps calm and collected during stressful occasions. In which Finance career would Egan be most successful?
Business Finance Management
Financial Investment Planning
Insurance Services
Banking and Related Services
Answer:
Business Finance Management
Explanation:
Business Finance Management is the best fit for this because of requires a lot of skill in planning and budgeting money.
Answer:
A) Business Finance Management
Explanation:
just took the test
Ingraham Inc. currently has $820,000 in accounts receivable, and its days sales outstanding (DSO) is 54 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of accounts receivable following the change? Assume a 365-day year.
Answer: 451759.29
Explanation:
To solve the question, we need to calculate the current sales. This will be calculated by using the formula:
DSO = (Account receivable × 365) / Sales
54 = 820000 × 365 / Sales
Sales = 820000 × 365 / 54
Sales = 5542593
After the new policy, the expected sales will be:
= 5542593 × (1 - 15%)
= 5542593 × (1 - 0.15)
= 5542593 × 0.85
= 4711204.5
The level of accounts receivable following the change will be:
DSO = (Account receivable × 365) / Sales
35 = Account receivable × 365 / 4711204.5
Account receivable = 35 × 4711204.5 / 365
Account receivable = 451759.29
A change in supply is illustrated by a movement along an existing supply curve
true or false
the correct answer is true.
RedRaider Corp's common stock has a beta of 0.99. If the risk free rate of return is expected to be 3.03% and the market risk premium is 6.93%, what is the cost of equity for RedRaider Corp's common stock
Answer:
9.89%
Explanation:
Tops Co. purchases equipment for $12,000 and has been using straight-line depreciation, estimating a 5-year life and $500 salvage value. At the beginning of the third year, Tops decides to use the equipment for a total of 6-years with no salvage value. Compute the revised depreciation for the third year. Multiple choice question. $2,875 $1,850 $1,250 $2,375
Answer:
Annual depreciation= $1,850
Explanation:
Giving the following formula:
Purchase price= $12,000
Salvage value= $500
Useful life= 5 years
First, we need to calculate the annual depreciation and accumulated depreciation:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (12,000 - 500) / 5
Annual depreciation= 2,300
Accumulated depreciation (2 years)= 2,300*1= 4,600
Now, we can determine the annual depreciation with a 4 more years of useful life:
Book value= 12,000 - 4,600= 7,400
useful life= 4 years more
Annual depreciation= 7,400/4
Annual depreciation= $1,850
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 12% and a standard deviation of 70%. B has an expected rate of return of 8% and a standard deviation of 40%. The global minimum variance portfolio that can be formed with the two securities will earn _____ rate of return.
Answer: 9.45%
Explanation:
To solve this question, we need to know the weights of securities A and B and this will be:
Weight of A = STD of B / (STD of A + STD of B)
= 40% / (70% + 40%)
= 40% / 110%
= 0.4/1.1
= 0.3636
Weight of security A = 0.3636
Weight of security B = 1 - 0.3636 = 0.6364
Then, the rate of return of risk free portfolio will be:
= (Return of A × Weight of A) + (Return of B × Weight of B)
= (12% × 0.3636) + (8% × 0.6364)
= 0.043632 + 0.050912
= 0.094544
= 9.45%
All of the following statements about exit in monopolistic competition are true, except: Select the correct answer below: When economic losses induce firms to leave the industry, demand for the original firm decreases. As long as a monopolistic competitive firm is earning positive economic profits, new competitors will continue to enter the market, Even though a monopolistically competitive firm may earn positive economic profits in the short term, the process of new entry will drive down economic profits to zero in the long run. In an environment with monopolistic competition, economic losses induce firms to leave the industry.
Answer:
When economic losses induce firms to leave the industry, demand for the original firm decreases.
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
Differences between pretax accounting income and taxable income were as follows during 2021: ($ in millions) Pretax accounting income $ 400 Permanent difference (34 ) 366 Temporary difference (26 ) Taxable income $ 340 The cumulative temporary difference as of the end of 2021 is $80 million (also the future taxable amount). The enacted tax rate is 25%. What is the deferred tax asset or liability to be reported in the balance sheet
Answer:
20 million
Explanation:
Calculation to determine the deferred tax asset or liability to be reported in the balance sheet
Using this formula
Deferred tax asset or liability=cumulative temporary difference as of the end of 2021 *tax rate
Let plug in the formula
Deferred tax asset or liability= $80 million *25%
Deferred tax asset or liability=20 million
Therefore the deferred tax asset or liability to be reported in the balance sheet is $20 million
The following statements provide some analysis of policy regarding the global financial crisis of the late 2000s. Categorize each statement as positive or normative. Statement Positive or Normative?
a. The financial crisis was caused by faulty mathematical models that encouraged excessive risk taking.
b. The lack of effective regulation contributed to a risk-seeking culture in the financial services industry.
c. Central banks should have imposed tighter regulations on banks to prevent the financial crisis.
d. Executives of banks that received financial assistance from the government should not have received bonuses.
Answer:
Positive statement
Positive statement
normative statement
normative statement
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically
Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done
Janet Foster bought a computer and printer at Computerland. The printer had a $900 list price with a $100 trade discount and 2/10, n/30 terms. The computer had a $4,060 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $160 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 8% interest for 18 months in equal payments.
a. Assume Janet could borrow the money for the printer at 8% to take advantage of the cash discount. How much would Janet save? (Use 360 days a year. Round your answer to the nearest cent.) Janet's savings $
b. On the computer, what is the difference in the final payment between choices 1 and 2? (Round your answer to the nearest cent.) Difference final payment
Answer:
Janet Foster
a. Janet could save $12.44 on the printer by borrowing $800 to take advantage of the cash discount.
b. On the computer, the difference in the final payment between choices 1 and 2 is $197.
It is advisable for Janet to choose the first option.
Explanation:
a) Data and Calculations:
Printer:
List price of printer = $900
Trade discount = 100
Purchase cost = $800
Cash discount terms = 2/10, n/30
Cash discount = $16 ($800 * 2%)
Interest on loan to purchase printer = $3.56 ($800 * 8% * 20/360)
Savings if loan is borrowed = $12.44 ($16 - $3.56)
Computer:
List price = $4,060
Trade discount = 25% or $1,015 ($4,060 * 25%)
Purchase cost = $3,045
Payment options:
1) = $160 * 17 months = $2,720
Balance on 18th month 325
Total payment = $3,045
2) = Payment with 8% interest for 18 months equal payment = $180.08
From an online financial calculator:
N (# of periods) 18
I/Y (Interest per year) 8
PV (Present Value) $3,045
FV (Future Value) 0
P/Y (# of periods per year) 12
C/Y (# of times interest compound per year) 12
PMT made at the end of each period
Results
PMT = $180.08
Sum of all periodic payments $3,241.48
Total Interest $196.48
Difference in final payment:
Choice 1 , total payment = $3,045
Choice 2, total payment = $3,242
Difference in final payment = $197
Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 75,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. Each option has a fair value of $1 based on an option pricing model. What is the total compensation cost for this plan
Answer:
the total compensation cost is $75,000
Explanation:
The computation of the total compensation cost for this plan is shown below:
Total compensation cost = option granted × fair value of each option
total compensation cost = 75000 × $1
total compensation cost = $75,000
Here to determined the total compensation cost we simply multiplied the option granted with the fair value of each option so that the correct amount could come
Therefore the total compensation cost is $75,000
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $21,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1,360 of medical insurance deductions, and $900 of union dues. No employee earned more than $7,000 in this first period.
Required:
Calculate the amounts for each of these four taxes of Regis Company.
Answer:
FICA-Social security = $5,121.20
FICA-Medicare = $1,197.70
FUTA = $495.60
SUTA = $4,130
Explanation:
Note: The four taxes of Regis Company required to be calculated as follows:
FICA-Social security
FICA-Medicare
FUTA
SUTA
Therefore, we have:
Total earnings = Office salaries + Sales salaries = $21,760 + $60,840 = $82,600
Tax = Total earnings * Tax rate ...................... (1)
Using equation (1), we have:
FICA-Social security = $82,600 * 6.20% = $5,121.20
FICA-Medicare = $82,600 * 1.45% = $1,197.70
FUTA = $82,600 * 0.60% = $495.60
SUTA = $82,600 * 5% = $4,130.00
Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining and Assembly). The number of employees in each department follows. Cafeteria 20 Human Resources 30 Machining 100 Assembly 150 Marshall Welding uses the step-down method of cost allocation and allocates cost on the basis of employees. Human Resources cost amounts to $1,200,000, and the department provides more service to the firm than Cafeteria. How much Human Resources cost would be allocated to Machining
Answer:
the cost of Human Resources would be allocated to Machining is $480,000
Explanation:
The computation of the cost of Human Resources would be allocated to Machining is given below:
= Cost of the human resource × machining department ÷ (machining department + assembly department)
= $1,200,000 × 100 ÷ (100 + 150)
= $480,000
hence, the cost of Human Resources would be allocated to Machining is $480,000
Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $2,500 winnings in the bank. The reserve requirement is 5% . What is the maximum possible increase in the money supply as a result of your bank deposit? maximum increase: $ Which events could cause the increase in the money supply to be less than its potential? Banks choose to loan out all excess reserves. All money loaned out is deposited back into the banking system. Banks decide to keep some excess reserves on hand. Some loan recipients choose to hold some cash instead of depositing all of it in banks.
Answer:
$50,000
Banks decide to keep some excess reserves on hand.
Explanation:
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = amount deposited / reserve requirement
2500/ 0.05 = $50,000
If the banks decides to keep excess reserves, the money loaned out would be lower and this would reduce money supply
When expanding into a foreign country with a different culture, you should use Hofstede's dimensions of culture to build marketing campaigns _________ consistent with underlying cultural values in a country ____________ with low individualism symbolism when confronted with a time-oriented culture _____________ that use uncertainty avoidance to reduce power distance _____________ with significant power distance __________ with more consistent time orientation.
Answer:
Consistent with underlying cultural values in a country.
Explanation:
Hofstede's dimensions of culture is a theory based on cross culture communication. There are six dimensions:
1. Power distance index
2. Individualism versus collectivism
3. Masculinity versus femininity
4. Uncertainty avoidance Index
5. Long term versus short term orientation
6. Indulgence versus restraint.
Factory Overhead Volume Variance Dvorak Company produced 5,100 units of product that required 3.5 standard hours per unit. The standard fixed overhead cost per unit is $2.50 per hour at 18,750 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Answer:
$2,250 Favourable
Explanation:
Calculation to determine the fixed factory overhead volume variance
Fixed factory overhead volume variance=$2.50 × [18,750 hrs. – (5,100 units × 3.5 hrs.)]
Fixed factory overhead volume variance=$2.50×[18,750 hrs. – 17,850 hrs]
Fixed factory overhead volume variance=$2.50×900
Fixed factory overhead volume variance=$2,250 Favourable
Therefore the fixed factory overhead volume variance will be $2,250 Favourable
Which statement is CORRECT? Automatic stabilizers are risky to use and sometimes can get the economy destabilized. Discretionary fiscal policy shows automatic adjustments without any specific effort by policy makers. Discretionary fiscal policy indicates deliberate action by policy makers. Automatic stabilizers indicate deliberate action by policy makers.
Answer:
Discretionary fiscal policy indicates deliberate action by policy makers.
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
On December 31, Caper, Inc., issued $250,000 of eight percent, ten-year bonds for $218,844, yielding an effective interest rate of ten percent. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the discount.
Required
Prepare an amortization schedule showing the necessary information for the first two interest periods.
Answer:
Capter, Inc.
Amortization Schedule
Date Payment Interest Expense Amortization Net Book Value
Dec. 31 $218,844
June 30 $10,000 $10,942 $942 219,786
Dec. 31 10,000 10,989 989 220,775
Explanation:
a) Data and Calculations:
Face value of bonds = $250,000
Bonds proceeds = 218,844
Bonds discounts = $31,156
Coupon rate = 8% with semiannual payments
Effective interest rate = 10%
On June 30:
Interest payment = $10,000 ($250,000 * 4%)
Interest Expense = $10,942 ($218,844 * 5%)
Amortization of discount = $942
Value of bonds = $219,786 ($218,844 + 942)
On December 31:
Interest payment = $10,000 ($250,000 * 4%)
Interest Expense = $10,989 ($219,786 * 5%)
Amortization of discount = $989
Value of bonds = $220,775 ($219,786 + 989)
When a fast-moving consumer goods (FMCG) company faced bankruptcy, the company decided to encourage its employees to contribute their ideas toward organizational development and growth. The organization also asked its human resource team to assess the employees' levels of commitment toward organizational effectiveness. To improve the FMCG company's organizational performance, it is evident that the company most likely used _____. Group of answer choices
Answer:
Attitude surveys
Explanation:
Attitude surveys are used by employers to gauge how employees view the company and their role in it.
This type of survey exposes issues like lack of trust, low moral from employees, and dissatisfaction in the workplace.
In this instance the organization asked its human resource team to assess the employees' levels of commitment toward organizational effectiveness.
This will allow the FMCG company know how the bankruptcy challenge is being handled by the employees
In the sports and entertainment marketing industry, the event is the core product
True
False
Answer:
True
Explanation:
Brainliest
is an unlevered firm with a total market value of $3,900,000 with 60,000 shares of stock outstanding. The firm has expected EBIT of $220,000 if the economy is normal and $280,000 if the economy booms. The firm is considering a $975,000 bond issue with an attached interest rate of 6 percent. The bond proceeds will be used to repurchase shares. Ignore taxes. What will the earnings per share be after the repurchase if the economy booms
Answer:
Earnings per share= $3.58
Explanation:
Earnings per share(EPS) = Earnings attributable to share/Number of shares
Price per share = $3,900,000/60,000=$65 per share
The units of shares to be re-purchased with debt proceed
= The proceeds from debt/share price
=$975,000/$65= 15,000
The number of shares outstanding after repurchased = 60,000-15,000= 45,000 units
EBIT 220,000
Less interest (6%×975,000) (58,500)
Earnings attributable to shares 151,500
Earnings per share 151,500/45,000 units=$3.58
Earnings per share= $3.58
There is an investment with the discount rate of 6 %. What should be the present value of the investment if we want to get a net cash flow of $17500;
a) After 1 year
b) After 2 years
c) After 3 years
Answer:
a. $16,509.434
b. $15,574.94
c. $14,693.34
Explanation:
The calculation of the present value for the following cases is
we know that
Present Value = Future Value ÷ (1+ rate of interest)^number of years
a. After one year
= $17,500 ÷ (1 + 0.06)^1
= $16,509.434
b. After 2 years
= $17,500 ÷ (1 + 0.06)^2
= $17,500 ÷ 1.1236
= $15,574.94
c. After 3 years
= $17,500 ÷ (1 + 0.06)^3
= $17,500 ÷ 1.191016
= $14,693.34
Therefore, the present value after one year, 2 years and third year is $16,509.434 ,$15,574.94 and $14,693.34 respectively
What to do most careers in Finance deal with?
a) real estate and education
b) assets and liabilities
c) assets and retail
d) real estate and retail
Answer:
b
Explanation:
B)
Answer: B would be the answer
Explanation: assist and liabilities
When the quantity of coal supplied is measured in kilograms instead of pounds, the demand for coal becomes
Answer:
the quantity of coal becomes more elastic
hope this helps you ☺️☺️