Answer:
Money multiplier = 1 / C + θ(1 - c)
Explanation:
The money multiplier is the ratio of Deposits to Required reserves ratio. On any increase in deposits in commercial banks, the money multiplier measures the number of times that aggregate money supply increases in the economy as a result of the increase. The money multiplier = 1 / C + θ(1 - c). Where C denote Currency and θ(1 - c) denote Check-able deposit.
During the year, the company produced and sold 30,000 units of product at a selling price of $18.50 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin ratio for Blaine Corporation (round to 1 decimal)
Answer: 67.7%
Explanation:
Contribution Margin ratio = (Sales per units - Variable cost per unit) / Sales per unit
Variable cost per unit = (Manufacturing + Marketing + Administrative)/ Units sold
= (115,000 + 22,000 + 42,000) / 30,000
= $5.97
Contribution Margin ratio = ( 18.50 - 5.97)/ 18.50
= 67.7%
Manor Cinemas has announced that seniors over 60 years of age can enter the theater for free prior to 4:00 p.m. when accompanied by a paying customer. This is an example of ________.
Answer:
Promotional pricing.
Explanation:
Promotional pricing can be defined as a strategic sales technique or approach adopted by business owners or companies through the reduction of their selling price in order to convince or attract potential customers.
In this scenario, Manor Cinemas has announced that seniors over 60 years of age can enter the theater for free prior to 4:00 p.m. when accompanied by a paying customer. This is an example of promotional pricing.
Rogers and Wissinger have partnership capital balances of $576000 and $432000, respectively. Wissinger negotiates to sell his partnership interest to Mergenthaler for $503700. Rogers agrees to accept Mergenthaler as a new partner. The partnership entry to record this transaction is
Answer:
Wissinger, Capital 432000
Mergenthaler, Capital 432000
Explanation:
A partnership is a form of business whereby two or more people come together to manage s business and achieve its goals and objectives.
Based on the scenario in the question, the partnership firm don't receive any cash since the share was being transferred from Wissinger to Mergenthaler. Therefore, the partnership entry to record this transaction will be:
Wissinger, Capital 432000
Mergenthaler, Capital 432000
This shows the Wissinger's capital balance that was transferred to Mergenthaler.
A Rose Is a Rose, but Only If It Is Fresh Supply chains for food and flowers must be fast, and they must be good. When the food supply chain has a problem, the best that can happen is the customer does not get fed on time; the worst that happens is the customer gets food poisoning and dies. In the floral industry, the timing and temperature are also critical. Indeed, flowers are the most perishable agricultural item—even more so than fish. Flowers not only need to move fast, but they must also be kept cool, at a constant temperature of 33 to 37 degrees. And they must be provided preservative-treated water while in transit. Roses are especially delicate, fragile, and perishable. Eighty percent of the roses sold in the U.S. market arrive by air from rural Colombia and Ecuador. Roses move through this supply chain via an intricate but fast transportation network. This network stretches from growers who cut, grade, bundle, pack, and ship; to importers who make the deal; to the U.S. Depar
Answer:
The logistic function is really important in the flower industry. Highly professional logistic team should be selected who understand the importance of transporting roses on time.
Explanation:
The flowers are most perishable items. They should be dealt with great care in order to keep their freshness alive. The logistic team should be selected with great care as there will be complete reliance on them for the freshness of the roses. The process of transportation should be quick as the delay can cause the roses to be deteriorated and their freshness will not be conserved.
An investor is considering a no-load mutual fund with an annual expense ratio of 0.4% and an annual 12b-1 fee of 0.55%. Another option is to invest a bank CD paying 5.5% per year. What minimum annual rate of return must the fund earn to make the investor better off in the fund than in the CD?
Answer:
6.45%
Explanation:
Calculation for the minimum annual rate of return that the fund must earn to make the investor better off in the fund than in the CD
Using this formula
Minimum annual rate=Bank CD+Annual expense ratio+Annual 12b-1 fee
Let plug in the formula
Minimum annual rate=5.5% per year + 0.4%+0.55
Minimum annual rate=6.45%
Therefore the minimum annual rate of return that the fund must earn to make the investor better off in the fund than in the CD Will be 6.45%
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 256 balloons each month. His largest competitor, Paul, sells 747 balloons each month at a price of $4.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What are Levon's revenues?
Answer:
Levon's revenue = $2048
Explanation:
Levon sells 256 ballons at a price of $8.00 per balloon.
Hence by this sales, he earns revenue = price * quantity =$8 * 256= $2048
Levon's revenue = $2048
A hedger takes a long position in a futures contract on a commodity on November 1, 2012 to hedge an exposure on March 1, 2013. The initial futures price is $60. On December 31, 2012 the futures price is $61. On March 1, 2013 it is $64. The contract is closed out on March 1, 2013. What gain is recognized in the accounting year January 1 to December 31, 2013
Answer:
Gain recognized = $3,000
Explanation:
Continuation is "Each contract is on 1, 000 units of the commodity."
Gain in accounting year Jan 1 to Dec 31, 2013 is the total gain the accounting year. Gain recognized = (Price on March 1, 2013 - Price on Dec 31, 2012) * Total Contract
Gain recognized = (64 - 61) * 1000
Gain recognized = 3 * 1000
Gain recognized = $3,000
Is it possible that a person might me an ffective leader in one situation but not another.explain
Compute the present value of a $3,500 deposit in year 1, and another $3,000 deposit at the end of year 3 if interest rates are 10 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Answer:
The present value is $5,435.76
Explanation:
The computation of the present value is shown below:
= [Deposit made in year 1 ÷ (1 + rate of interest)^time period + [deposit made at the end of year 3 ÷ (1 + rate of interest)^time period
= [$3,500 ÷ (1 + 0.10)^1] + [$3,000 ÷ (1 + 0.10)^3]
= $3,181.82 + $2,253.94
= $5,435.76
Hence, the present value is $5,435.76
we simply applied the above formula
And, the same is to be considered
Peter forgot to file his tax return by April 15. He did not file an extension. Peter finally filed his tax return on July 31 and had a remaining tax liability of $3,500. What is Peter's failure to file penalty
Answer:
Peter's failure to file penalty = $700
Explanation:
Peter filed tax return on July 31 after forgetting to file his tax return by April 15 and did not ask for extension. This means that the IRS can impose a 20% penalty on Peter for the tax due on a return where there is negligence, as can be established in this case.
Peter's remaining tax liability = $3,500
Penalty = $700 ($3,500 * 20%)
This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, the company awarded Ed a gold watch worth $240 and a $2,590 cash bonus. What amount must Ed include in his gross income
Answer:
$2,590 will be included in the gross income.
Explanation:
The bonus earned from the employer as a bonus payment of $2,590 would have been included in gross sales.
The $250 golden watch earned would not be reported in the employee's gross salary.
Three Corners Markets paid an annual dividend of $1.8 a share last month. Today, the company announced that future dividends will be increasing by 2.8 percent annually. If you require a return of 12.0 percent, how much are you willing to pay to purchase one share of this stock today
Answer:
$20.11
Explanation:
The computation of the price i.e. paid is shown below:
Given that
Growth rate = 2.8%
Dividend at time 0 = $1.8
So,
Dividend at time 1 = Dividend at time 0 × (1 + growth rate)
= $1.8 × (1 + 2.8%)
= $!.85
And,
Required return = 12%
Based on the above information
Now use the Gordon Growth formula,
Price today = Dividend at time 1 (Required return - Growth rate)
= $1.85 ÷ (12% - 2.8%)
= $20.11
Income statement: 20X2 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,000 Balance sheets: 20X2 20X1 Accounts receivable $ 300,000 $ 200,000 Total assets 2,000,000 1,800,000 Total shareholders' equity 900,000 700,000 The return on shareholders' equity for 20X2 is: Multiple Choice 20% 8% 22.22% 25%
Answer:
25%
Explanation:
Return on shareholder's equity = Net income / Average shareholder's equity balance
Net income = $200,000
Average shareholder's equity balance = ($900,000 + $700,000) / 2
= $800,000
Therefore,
Return on shareholder's equity = $200,000 / $800,000
Return on shareholder's equity = 25%
Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment.
Answer:
Land $120,000
Building$240,000
Equipment$40,000
Explanation:
Calculation to Determine the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment.
Asset , Estimated fair value, Allocated percentage, Amount paid , Record amount
Land 150,000 30% $400,000 $120,000
Building 300,000 60% $400,000 $240,000
Equipment 50,000 10% $400,000 $40,000
Total 500,000
RECORDED AMOUNT
Land $120,000
Building$240,000
Equipment$40,000
Total $400,000
Calculation for Allocated percentage
Land: 150,000/500,000= 30%
Building 300,000 /500,000 = 60%
Equipment 50,000 /500,000 = 10%
Therefore the amounts Red Rock should record in the separate accounts for the land, the building, and the equipment are:
Land $120,000
Building$240,000
Equipment$40,000
True or False: One possible way to solve the problem that arises from the increased usage is to charge a fee for using this service.
Answer:
true and false
Explanation:
true it will decrease the usage but it could also cause other problems
Answer: theirs 2 possible ways 1 if you have a phone and you have service for a hot spot and and your payment had come - and you need to go to the whatever store the person in front of you will charge you a fee 1-5 dollars at most. Service charge is a fee collected to pay for services related to the primary product or service being purchased. The charge is usually added at the time of the transaction. Many industries collect service charges, including restaurants, banking, and travel and tourism.
Explanation:
A company is able to process 100 customer statements (bills) per day. It has 250 customer statements (bills) to process per day. How many full-time processing clerks are needed if the company wants a processing-clerk utilization rate as close to 0.80 as possible, without going over 0.80
Answer:
the Number of clerks required is 3.125
Explanation:
The computation of the full time processing clerks required is shown below:
Given that
Service Rate = 100
Demand Rate = 250
Utilization = 0.8
Now
Let us assume the number of servers be s
As we know that
Utilization = Demand Rate ÷ (Service rate × s)
0.8 = 250 ÷ (100 × s)
s = 250 ÷ (100 × 0.8)
s = 3.125
Hence, the Number of clerks required is 3.125
What are some strategies that you can use to prepare to file taxes each year? What would be
the benefits of these strategies?
You are working in retail and you see a coworker taking from the cash register or
overcharging a customer and pocketing (stealing ) the rest. Do you report them?
It is ideal to report or make a complaint regarding overcharging a customer and self-pocketing the extra amount.
What is a report?In crisp and simple terms, a report is like a complaint or an appeal made with the superior authorities regarding any wrongdoings or illegal activities that a person witnesses or experiences.
Overcharging the customers by a cash receptionist is an illegal act and a due report must be made to the manager or the business owner and also to the relevant lawful authorities.
Hence, the significance of a report is aforementioned.
Learn more about a report here:
https://brainly.com/question/2072971
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what is the accumulated value in 5 years of an annuity paying 200 at the end of each half year, with a nominal interest rate of 9 convertible semiannually g
Answer:
FV= $2,457.64
Explanation:
Giving the following information:
Number of periods= 5*2 = 10
Interest rate= 0.09/2 = 0.045
Semiannual payment= $200
To calculate the Future Value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= semiannual deposit
FV= {200*[(1.045^10) - 1]} / 0.045
FV= $2,457.64
c. How much higher (lower) would Casebolt Company's net income have been under the direct write-off method than under the allowance method
Answer: $9,375
Explanation:
Under the direct writeoff method, only the actual bad debts incurred will be taken out from the income for the year.
With the Allowance method however, the amount to be taken out will be the percentage expected to be uncollectible.
Under direct method, income would reduce by the actual bad debt of $30,000.
Under Allowance the income would be reduced by;
= ¾% * 5,250,000
= $39,375
Income would be higher with Direct write-off by;
= 39,375 - 30,000
= $9,375
An individual who is considering consumption between two time periods (year 1 and year 2) has an endowment of $20,000 in year 1 and $15,000 in year 2. If the interest rate is 5 percent, what is the maximum approximate amount that can be spent on consumption in year 1
Answer: A $34,250
Explanation:
Maximum approximate amount that can be spent in year 1 is the endowment in year 1 plus the present value of the year 2 endowment in year 1.
= 20,000 + 15,000/ ( 1 + 5%)
= 20,000 + 14,285.71
= $34.285.71
= $34,250 is nearest amount in options.
On your tenth birthday, you received $1,000 which you invested at 6.5% interest, compounded annually. Your investment is now worth $5,476. How old are you today
Answer:
Age= 37 years
Explanation:
Giving the following information:
Present value= $1,000
Future value= $5,476
Interest rate= 6.5%
First, we need to calculate the number of years passed using the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(5,476/1,000) / ln(1.065)
n= 27 years
Age= 10 + 27 = 37 years
Imagine a machine takes 50 minutes to complete one unit on a production line. Of the 50 minutes, 40 minutes was actual productive utilization. For 10 minutes the resource was idle, needing to pause and wait for other processes to finish during the production. What is the average labor utilization (round to the nearest %)
Answer:
80%
Explanation:
the average labor utilization rate is calculated by dividing total labor time applied by the addition of total labor time applied plus idle time. In this case, total labor time applied is 40 minutes and idle time is 10 minutes:
average labor utilization rate = 40 minutes / (40 + 10 minutes) = 40 / 50 = 0.8 = 80%
Assume consumption of education by individuals provides a positive externality. In this case individuals deciding how much education to undertake will not consider the public _______ generated. Hence there will be ____________ consumption of education.
Answer:
The right approach is "benefit, over".
Explanation:
If the collective costs outweigh the personal costs, externalities are unfavorable. Certain externalities are optimistic or positive. As when the demand for education involves positive externality, that greater the influence gain the much more educated individual gets, so it can contribute to more than consuming of education.But that's the perfect solution above.
Question 5 of 10
Which statement best summarizes how consumer expectations affect
demand for a product?
A. Demand rises when consumers expect a product to have
complementary goods.
B. Demand falls when consumers expect a product's supply to
decline in the future.
C. Demand rises when consumers expect a product's price to rise in
the future.
D. Demand falls when consumers expect a product to set an
equilibrium price.
ECON
Answer:
C
Explanation:
Demand rises when consumers expect a product's price to rise in the future.
This is so because of the fright of inflation of prices. When consumers are able to predict, or see through an impending inflation in prices of goods, then the consumers rush to buy as much of the said goods as possible, which directly leads to an increase in the demand for the said goods.
And thus, we can see that the expectations of consumers has a direct influence on the demand for goods and services.
Answer:
C. Demand rises when consumers expect a product's price to rise in
the future.
Explanation:
Bria Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of $980,000 at the end of the year. Net credit sales during the year amounted to $7,600,000. The receivables turnover ratio was
Answer:
8.0 times
Explanation:
Accounts receivable turnover = Net credit sales / Average accounts receivables
Net credit sales = $7,600,000
Average accounts receivables = Beginning account receivable + Ending account receivable / 2
= ($920,000 + $980,000)/2
= $950,000
Therefore,
Account receivable turnover = $7,600,000 / $950,000
= 8.0 times
The Heckscher–Ohlin model assumes that the factors of production are mobile ______,but immobile _____.
Answer:
domestically: internationally
Explanation:
The Heckscher-Ohlin model refers to a model in which there is a equilibrium trade arise between the two countries that change the natural resources. It describes how the countries operates and trade in the case when the resources are not balanced.
Therefore in the given situation, the factor of production would be mobile domestically but immobile internationally
Hence, the same is to be considered
__________ entail the performance of specialized activities by individuals or organizations for purposes of benefiting other entities (usually customers).
Answer:
Services.
Explanation:
As it is been explained to be a individual or organizational performance, which directly holds certain forms of benefit to many. It also can be said to be a transaction during which no physical goods are transferred from the vendor to the customer. It holds certain advantages of such a service are held to be demonstrated by the buyer's willingness to create the exchange. Public services are those who society (nation state, fiscal union or region) as an entire pays for. Using resources, skill, ingenuity; service providers benefit service consumers.
1. People who own more cars tend to live longer than people who own fewer cars. Why is this relationship not evidence that buying more cars increases life expectancy
Answer:
Car & Life Expectancy positive relationship is not evident, as its due to an interlinking lurking variable ie buyer's affluence.
Explanation:
More cars linked to higher life expectancy, positive correlation between these variables is a spurious correlation. Spurious relationship is a relationship between variables, that appears to be true, when it is actually false.
Given variables' correlation is spurious, as it is not logically correct (evident). It seems to be misleading correct because of a lurking variable, buyer's affluence. Lurking variable affects both independent (causal) & dependent (affected) variable, which creates a statistical illusion of variables' correlation.
In this case, affluence being lurking variable affects both number of cars owned & life expectancy. This seemingly creates a correlation between the non evidently linked variables as 'cars & life expectancy having positive relationship'
Suppose you decide to deposit $24,000 in a savings account that pays a nominal rate of 12%, but interest is compounded daily. Based on a 365-day year, how much would you have in the account after four months? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.) $24,979.57 $25,978.75 $24,230.18 $24,479.98
Answer:
a.$24,979.57
Explanation:
Rate = 12%. Daily rate = 0.12/365 = 0.0003288 = 0.03288%
Number of days in 4 months = 4*365/12
Number of days in 4 months = 122
Amount = Amount deposited * (1+i)^n
Amount = 24000 * (1+.0003288)^122
Amount = 24000 * (1.0003288)^122
Amount = 24000* 1.04092
Amount = $24,982.08