If the Allowance account had a credit balance of $29,500 immediately before the year-end adjustment for bad debts and no accounts were written-off or allowed for during the year, what was the amount of Bad Debt Expense recognized during the year

Answer:

Portfolio r(e) = 0.16 or 16%

Explanation:

We can calculate the expected return of the portfolio by taking the weighted average of the expected return of the individual stocks that form up the portfolio. The formula for the expected return of portfolio is,

Portfolio r(e) = wA * rA  +  wB * rB  + ...  +  wN * rN

Where,

First we need to calculate the expected return of both X and Y.

Expected Return

r - X = 0.2  * -0.2  +  0.5 * 0.18 + 0.3 * 0.5

r - X = 0.2

r - Y = 0.2 * -0.15  +  0.5 * 0.2  +  0.3 * 0.1

r - Y = 0.1

Portfolio r(e) = 6000/10000 * 0.2  +  4000/10000 * 0.1

Portfolio r(e) = 0.16 or 16%

Answer:

$1,144.00

Explanation:

Calculation for the invoice price of the Bond

Invoice price = 1.13(1,000) + 28.00(3/6)

Invoice price=$1,130+$14

Invoice price= $1,144.00

Therefore the Invoice price of the Bond will be $1,144.00

Answer:

d. The market is in equilibrium.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

In a perfectly competitive market, if supply and demand fully reflect all of the costs and benefits associated with production and consumption, then total economic surplus is maximized when the market is in equilibrium.

Additionally, in a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

In a nutshell, in the long run equilibrium P=MR=MC and P=AC.

Where, P represents the price.

Answer: raised U.S. tariffs to near-record highs of more than 50 percent

Explanation:

Answer:

Explanation:

If at the current GDP level inventories are rising, that means firms are spending more to stock up on inventories.

What does this mean, in terms of the relationship between aggregate expenditures and GDP?

- The information provided in the question shows that aggregate expenditure is on the rise; as firms' spending is increasing.

What does this mean in terms of the relationship between leakages and injections?

- This situation means that the level of injection of money into the economy is rising; probably faster than withdrawal rate.

Would you expect GDP to rise or fall in the future?

- You should expect GDP (Gross Domestic Product) to rise in the future. This is because a greater level of spending in the economy will lead to a higher amount of gross (overall) domestic (within the country) product!

Answer:

$662.18

Explanation:

first we must determine how much are $90,000 in 30 years:

FV = $90,000 x (1 + 3%)³⁰ = $218,453.62

since the inflation rate is expected to remain the same during the 20 years that you are retired, we must find the present value of your distributions using the interest rate as our discount rate:

PV = $218,453.62 x 10.594 (PV annuity factor, 7%, 20 periods) = $2,314,297.65

the future value of your contributions = $2,314,297.65

you can earn 12% interest rate and should be able to make 360 contributions

$2,314,297.65 = monthly contribution x 3,494.96413 (FV annuity factor, 1%, 360 periods)

monthly contribution = $2,314,297.65 / x 3,494.96413 = $662.18

The amount required to save per month in order to be able to fund this retirement is $662.18

Since $90,000 now at 3% inflation should be

= 90000 × 1.03^30

=. $218,454

Now the PV at 7% should be

FV = 0;

1/y = 7%;

n=20;

PMT = 218454;

calculate PV = $2,314,305

Now the PMT should be

FV = 2314305;

PV = 0;

n= 12 × 30;

1/y = 12% ÷ 12;

Now PMT = $662.18

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Answer:

57 months

Explanation:

Calculation of number of lower monthly payment

Number of months = Percentage discount Points * Principal / Higher amount without point - Lower amounts with point

Number of months = $240,000  * 0.04 / $1,680 - $1,512

Number of months = $9600 / $168

Number of months = 57.14285714285714

Number of months = 57 months

Hence,  it will take 57 months to cover the cost of the discount points if he take lower monthly payments .

Answer:

$4.504

Explanation:

Dividends do grow at a constant rate in definitely. Hence, price for year 2 will be:

Price2 =  D2 * (1 +g) / (r - g)

Price2 = 0.11 * (1+11%) / 0.13 - 0.11

Price2 = 0.11 * (1.11/ 0.13 - 0.11

Price2 = $5.55

Now, Price0 = Price2 / (1+r)^2

Price0 = $5.55 / (1.11)^2

Price0 = $4.504

Hence, the current value of this stock is $4.504

Answer:

The generic competitive strategy that America West chose to enter the air passenger market is:

Low Cost (Cost-focused Leadership)

Explanation:

American West can acquire competitive advantage by pursuing one of Michael Porter's generic strategies. The Airline could have chosen to enter the air passenger market via lower costs than its competitors or by differentiating itself along dimensions valued by customers in order to be paid a higher fare.  In 1983, it chose the lower cost strategy before merging with American Airlines in 2013.

Answer:

depreciation expense per year (for years 2 and 3) = $23,925

Explanation:

depreciable value = $65,800 - $2,000 = $63,800

depreciation expense per year = $63,800 / 4 = $15,950

book value after 1 year = $65,800 - $15,950 = $49,850

new depreciable value = $49,850 - $2,000 = $47,850

depreciation expense per year = $47,850 / 2 years = $23,925

Question Completion:

Periodic Deposit = ?

Rate = 7% compounded monthly

Time = 19 years

Financial Goal ​$120,000

Answer:

a) The periodic deposit = $253.03

b) Amount of financial goal from deposits = $57,691.30

c) Amount of financial goal from interest = $62,308.71

Explanation:

You will need to contribute $253.03 at the end of each month to reach the future value of $120,000.00.

FV (Future Value) $120,000.00

PV (Present Value) $31,860.39

N (Number of Periods) 228.000  (19 * 12 months)

I/Y (Interest Rate) 0.583%  (7%/12)

PMT (Periodic Payment) $253.03

Starting Investment $0.00

Total Principal $57,691.30

Total Interest $62,308.71

Answer:

$331,500

Explanation:

Calculation for the amount of the PBO at December 31, 2021

PBO/1/1 $265,000

Add Service cost $80,000

Add Interest cost $26,500

($265,000 × 10%)

Less Benefits paid($40,000)

PBO 12/31 $331,500

Therefore the amount of the PBO at December 31, 2021 will be $331,500

Answer:

well its hard but you can apply trough online or go so where they are hiring most likely they will tell you to apply trough online because of everything that is happening but anyways i wish you the best and good luck!!:)

Explanation:

Applicants either receive paper job applications from an employer or print them out from an online source to mail to an employer once completed.

An applicant is a job seeker who has submitted an application or a resume in response to a job posting. Candidate refers to the applicant who passed the screening and satisfies the position's requirements. Any person who meets the definition of "marginalized" or "disadvantaged" as stated in Section 12 of the Legal Services Authority, Act of 1987, is considered an applicant.

"Applicant" in the context of patent applications essentially refers to the owner. A person (or business, also known as a "juristic person") who is eligible to file for a patent is referred to as a "patent applicant," or patent owner.

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Answer:

a.  $2,000

b.  $1,400

Explanation:

FIFO

FIFO method assumes that the inventory bought in first, will be the first to the sold to customers.

Ending Inventory = 200 units × $10

                             = $2,000

LIFO

LIFO methods assumes that the inventory bought in last will be the first to be sold to the customers.

Ending Inventory = 200 units × $7

                             = $1,400

Answer: b. suppliers; demanders

Explanation:

When interest rates are fixed, rises in the rate of inflation tend to penalize suppliers of financial capital, while demanders of financial capital end up better off.

When inflation rates rise, the value of the currency i.e. the dollar, is eroded which means that it can only buy less or pay for less than it used to.

If interest rates are fixed, the interest payments are fixed which means that when the suppliers of the capital are paid back in a rising inflation environment, they get less dollars back which means that they are worse off.

The demanders of the capital however, will be effectively paying back less than they are supposed to pay so they will be better off.

Answer: See explanation

Explanation:

Training programs for employees are vital in order to improve employees skills, improve employees blindness and also help in the accomplishment and achievement of the goals of the company.

The blended learning approach i.e using online educational materials to train the employees. The blended learning approach gives room for interaction and can help in improving the productive capacity of employees.

This can also allow the workers learn about diversity since the employees learn and interact together. Lastly, there should be coaching or mentoring program for employees as the mentors can help in motivating the employees. A motivated and happy worker will help the company to achieve its goals.

Answer:

124 units

Explanation:

The reorder point (ROP) is the level of inventory which triggers an action to replenish that particular inventory stock. It is a minimum amount of an item that a firm holds in stock, such that, when a stock falls to this amount, the item must be reordered.

DATA

Annual Demand = 6500

Ordering Cost = $15.00

Holding Cost (18% of Price $380) = $68.40

EOQ = √ 2AO / H  

where

A = Annual Demand  

O = Ordering Cost per order  

H = Holding Cost per unit per annum  

EOQ = √ 2AO / C

EOQ = √ (2 * 6500 * 15) / 68.40

EOQ= 53.393 units or, 54 units  

Standard Deviation of Daily Demand = 7

No of days = 261

Lead Time = 4 days

Average Demand ( Annual Demand/ No of days) = 24.90421

Service Level Desired = 96%

Z Value at 96% = 1.751

Standard Deviation of Demand in Lead Time = SDd * √Lead Time 14

Safety Stock for 93% service level  

Z value * Standard Deviation of Demand in Lead Time 25

Lead Time Demand ( Lead Time x Avg Demand) = 99.61686

Reorder Point = Lead Time Demand + Safety Stock = 124

Answer:

d. Neither the U.S. nor the U.K.

Explanation:

Net capital outflow is the net flow of funds i.e. invested in abroad by a nation during a specified period of time generally a year. It could come in positive when the nation invest more amount as compared with the invested amount in the world

Since in the question it is mentioned that U.S company that used U.K pounds that are already owned to buy bond issued by a U.K company

So here no one has an increase in net capital outflow

hence, the correct option is d.

Answer:

Fixed-rate

Explanation:

Fixed-rate loans and mortages are those that have a specific interest rate, and a specific payment that will not ever change over the duration of the loan because both are fixed. In other words, a fixed-rate loan is simply a annuity payment over a particular period of time.

For first-time buyers this is the easiest option because it is simple, it can be easily projected over time, and helps with financial planning.

Answer:

(a) several focus groups of their customers - qualitative study

A focus groups consists of a group of five to ten participants, who are allowed to discuss an issue or a product for one or two hours.

(b) observation using a hidden camera - qualitative study

The information obtained from the use of the hidden camera is of qualitative nature. Such information consists in the behaviour displayed by the customers that were recorded.

(c) an online survey of 500 customers. - quantitative study.

The online survey gives quantitative, measurable information that can later be expanded into a statistical study, and also used to establish other quantitative variables like probability distributions, or statistical regressions.

Answer: Beta = 1.36

Explanation:

Using the  Capital Asset Pricing Model CAPM formulae, we have that  

Expected return= risk free rate+(betaXmarket risk premium)

16= 1.63 + ( beta x 10.53)

16-1.63= beta x 10.53

14.37/10.53 = beta

Beta = 1.36

Answer:

a sole producer of a good faces no threat of competition.

Explanation:

A market failure can be defined as a situation where there is inefficiency in the distribution of goods and services from the producers to the consumer in a free or open market.

A market failure is most likely to occur when a sole producer of a good faces no threat of competition. This ultimately implies that, a sole producer of a product is the sole determinant of prices of goods, quantity of goods and even choose to hoard the goods, thereby resulting in a market failure.

Answer:

Investment equals savings.

Explanation:

Marginal product of capital is the real rental price of the capital. It is equal to the real interest rate if the law of diminishing returns is prevailing in the economic system. In such case the investments will be equal to savings. If the real interest rate is increased by the marginal product of capital then depreciation rate and risk premium accounts for the difference.

Answer:

False.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

Mathematically, the price elasticity of demand is given by the formula;

[tex] Price \; elasticity \; of \; demand = \frac {percent \; change \; in \; quantity \; demanded}{percent \; change \; in \; price}[/tex]

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.

A substitute product can be defined as a product that a consumer sees as an alternative to another product and as such would offer similar benefits or satisfaction to the consumer.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

Hence, the smaller the number of good substitutes for a product, the lesser will be the price elasticity of demand for it.

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.

Answer:

6.7 times

Explanation:

The accounts receivable turnover is calculated below;

= $937,000 ÷ ( $116,000 + $164,000 )

/2

= $937,000 ÷ $140,000

= 6.7 times

Therefore, accounts receivable turnover is 6.7 times.

An invoice is a bill that the purchaser receives from the vendor.

A bill is an invoice in that it has the itemized list of products sold or services provided, along with the amount of money owed for each item, and a total amount owed. However, when you receive an invoice, you would enter it as a bill that you owe. In other words, an invoice is sent, and a bill is received.

It includes the cost of the products purchased or services rendered to the buyer. Invoices can also serve as legal records if they contain the names of the seller and client, the description and price of goods or services, and the terms of payment.

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Answer:

Wind mills, moving cars

Explanation:

A book falling off a shelf

Water falling from a water fall

An arrow being shot from a bow

Some riding a bike down a hill

A cart moving down from a high point in on a roller coaster

Answer:

YTM of the bond = 6.72%

Explanation:

Coupon rate =6.4%

Par value = $1,000

Annual coupon = 6.4%*1000 = $64

Current price = $964.14

Nper = 22 years

YTM of the bond = RATE(nper,pmt,pv,fv) (Using MS Excel)

YTM of the bond = RATE(22,-64,964.14,1000)  

YTM of the bond = 6.72%

Answer:

Big Galaxy Toys

The total liabilities will be equal to:

$181,000

Explanation:

a) Data and Calculations:

Total assets = $248,000

Equity =               67,000

Liabilities =      $181,000

b) The accounting equation states that assets = liabilities + equity at every given time and as per each business transaction.  If total assets = $248,000 and Equity = $67,000.  Therefore, total liabilities = Total assets minus equity.  This implies that $248,000 - 67,000 = $181,000.

Answer:

False.

Explanation:

Capital structure refers to the relative proportion of equity and debt that an organization uses to finance its assets.

An optimal capital structure can be defined as the best or optimum mix of equity and debt financing which typically maximizes or boost an organization's market value and reducing its capital costs.

Generally, capital structure can be achieved through a strategic technique of minimizing weighted average cost of capital (WACC) in an organization. The capital structure of a firm will vary over time as taxes and market conditions change.

Additionally, the optimum capital structure used by a firm to maximize its market value;

1. Provides the lowest cost of capital.

2. Has the best mix of common equity, debt and preferred stock.

3. Changes over time as market and firm conditions change.