Answer:
b. $1200000
Explanation:
Calculation for How much cash will Bramble receive in November
Using this formula
Cash receive in November = October Budgeted sales + Budgeted sales of November
Let plug in the formula
Cash receive in November= ($1,250,000 × 50%) + $1,150,000 × 50%)
Cash receive in November= $625,000 + $575,000
Cash receive in November= $1,200,000
Therefore the amount that Bramble receive in November will be $1,200,000
Which of the following choices include only accounts that appear in the asset section of the balance sheet?Multiple Choice Prepaid supplies, unearned revenue, accounts payable Accounts payable, equipment, prepaid insurance Cash, prepaid rent, accounts receivables Common stock, prepaid rent, notes payable
Answer:
C. Cash, prepaid rent, accounts receivables.
Explanation:
A balance sheet can be defined as the financial statement that gives a detailed summary of the financial balance of a business firm or individual at a specific period of time. Therefore, it typically comprises of assets, liabilities, capital, debt, equity etc.
In Financial accounting, Accounts Receivable are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, cash, rent and accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.
Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.
Hence, account receivables, cash and rent are assets on the balance sheet, which are listed in order of liquidity.
The choice that include only accounts that appear in the asset section of the balance sheet are Cash, prepaid rent, and accounts receivables.
If your nominal rate of return is 14.38 percent and your real rate of return is 4.97 percent, what is the inflation rate
Answer:
try 1.35Explanation:
The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:
Dr Cr
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Answer:
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Explanation:
Hadi makes wooden souvenirs to sell them during Baalbek festivals. Hadi believes if he puts more effort his small business will grow up, thus he increases the working hour of each worker from 50 hours per month to 60 hours per month. Hadi is interested in determining his productivity, He has the following data:
Month 1 Month 2
Output 250 units 320 unit
Worker 4 employees, cost per hour $5 4 employees, cost per hour $5
Overhead Expenses $600 $700
Find the worker productivity per dollar of Month 1 (6 points) *
None of the above
1.25
0.25
12.5
Find the change in worker productivity per labor hour. (6 points) *
6.7%
6.4%
6.5%
6.6%
Find the total productivity of Month 2. (6 points) *
0.17
0.16
0.15
0.18
Find the change of the total productivity (7 points) *
6.7%
6.5%
6.8%
6.6%
Answer:
1.25
6.4%
0.17
not sure of the last one
Explanation:
A periodic system of inventory:
A. reduces record keeping.
B. increases record keeping.
C. increases the cost of maintaining inventory.
D. eliminates the need for a physical count.
Answer:
A. reduces record keeping.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
Hence, a periodic system of inventory reduces record keeping because there's no continuous records in real-time of the amount of inventory sold or purchased by the customers.
If you where advising someone on developing a "marketing communications plan", what factors would you address in this selection process?
Explanation:
Marketing Communications Plan can be described as the technique that an organisation or individual uses to attract the attention of consumers through different forms of communication.
Factors to address in the selection of a Marketing Communications Plan is as follows:
1. The first factor to keep in mind is the target market or your target customers.
2. The second factor is the goals and objectives of the said plan.
3. Another important factor is the budget allocated for the plan.
4. Fourth factor is the advertising and promotional policies.
A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. The cross elasticity of demand between a Pepsi and Coca-Cola is ?
Answer:
the cross elasticity of demand between a Pepsi and Coca-Cola is 5
Explanation:
The computation of the cross elasticity of demand is shown below:
= Percentage change in quantity demanded of one product ÷ percentage change in the price of other product
= -50 ÷ -10
= 5
Hence, the cross elasticity of demand between a Pepsi and Coca-Cola is 5
We simply applied the above formula so that the correct value could come
And, the same is to be considered
a community hospital in pennsylvania has a 15% supply expense ratio. If total operating expenses are $1 million this month, what is the total annual cost of supplies
Answer:
$150,000
Explanation:
The question says that the total operating expenses of the hospital is 1 million, while also saying that it has a supply expense ratio of 15%. An expense ratio can be by dividing a fund's total operating expenses it's average dollar value of its assets under it's management. This is what gave us the 15% we got in the question. Now, to get the total supply cost in dollars (not percentage), all we is multiply the percentage by the total cost we were given. Thus,
Total annual cost of supply =
15% * 1,000,000 =
15/100 * 1,000,000 =
$150,000.
Therefore, the total annual cost of supply is $150,000
When the Federal government takes action to change taxes and spending to stimulate the economy such policy is:_________
a. Passive
b. Automatic
c. Discretionary
d. Nondiscretionary
Answer:
c. Discretionary
Explanation:
The discretionary policy is the policy that depends upon the judgement of the people who made the policy. It also deals in the decision making with respect to the monetary and fiscal policy
So here in the given situation, it is mentioned at the time of taking the action by the federal government with respect to change in the taxes and the spending in order to stimulate the economy
So this situation represents the discretionary policy
therefore the option c is correct
A company had total sales of $610,000, net sales of $566,400, and an average accounts receivable of $96,000. Its accounts receivable turnover equals:
Answer:
5.9
Explanation:
Calculation for It's accounts receivable turnover using this formula
Accounts Receivable Turnover = Net Sales amount /Average Accounts Receivable amount
Let plug in the formula
Accounts Receivable Turnover =$566,400/$96,000
Accounts Receivable Turnover = 5.9
Therefore Its accounts receivable turnover equals: 5.9
What is a country that wants to increase its per capita GDP trying to achieve?
A. It wants to prevent its currency from gaining or losing value too
quickly.
B. It wants to increase its economic productivity per person in the
country.
C. It wants to reduce the number of people who can't find a job.
D. It wants to lower the value of goods and services it produces.
Answer: B
Explanation: taking the test rn and I got it right
It wants to increase its economic productivity per person in the is country that wants to increase its per capita GDP trying to achieve. Thus, option B is correct.
What is per capita GDP?By dividing a country's GDP by its community, the GDP is a budgetary method of quantifying the productive capacity per human in a country and people. Sector's contribution by all growers who are residents of the economy combined with any brand taxes that are not factored into yield valuation makes up GDP per capita.
The goal of the nation seeking to enhance its per population GDP is to enhance its economic production per person. Average earnings rise as a result of sustained expansion, which is also closely related to decreasing poverty.
A fundamental estimate of the production value of every person is provided by GDP per capita, it serves as an additional measure of per capita. GDP as well as GDP per capita expansion are seen as wide
Therefore, option B is the correct option.
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OCF from Several Approaches [L01] A proposed new project has projected sales of $125,000, costs of $59,000, and depreciation of $12,800. The tax rate is 35 percent. Calculate operating cash flow using the four different approaches described in the chapter and verify that the answer is the same in each case.
Answer:
Please see below
Explanation:
In order to calculate the operating cash flow, we will get the value of net income. The income statement is calculated as;
Sales
$125,000
Less :
Costs
($59,000)
Depreciation
($12,800)
EBIT
$53,200
Less tax 35%
($18,620)
Net income
$34,580
1. Using the tax shield method
OCF = (Sales - Costs)(1 - Tax) + Tax(Depreciation)
OCF = ($125,000 - $59,000)(1 - 35%) + 35%($12,800)
OCF = ($66,000)(0.65) + $4,480
OCF = $42,900 + $4,480
OCF = 47,380
2. Using the financial calculation
OCF = EBIT + Depreciation - Taxes
OCF = $53,200 + $12,800 - $18,620
OCF = $47,380
3. Using the top down approach
OCF = Sales - Costs - Taxes
OCF = $125,000 - $59,000 - $18,620
OCF = $47,380
4. Using the bottom up approach
OCF = Net income + Depreciation
OCF = $34,580 + $12,800
OCF = $47,380
Suppose that the Office of Management and Budget provides the accompanying estimates of federal budget receipts, federal budget? spending, and GDP, all expressed in billions of dollars. Calculate the implied estimates of the federal budget deficit as a percentage of GDP for each year. (Enter each response as a percentage rounded to one decimal place. Do not include a plus or minus sign.)Year Federal Budget Federal Budget GDP (0% growth) Deficit as a Receipts (5% growth) Spending (2% growth) % of GDP 2015 $2,329.8 $2,682.6 $14,573.2 %2016 2,446.3 2,736.3 14,573.2 %2017 2,568.6 2,791.0 14,573.2 %2018 2,697.0 2,846.8 14,573.2 %
Answer:
For each year, calculate the budget deficit then make it a percentage of GDP.
Budget Surplus (deficit) = Government receipts - Government Expense
2015
Deficit as percentage of GDP = (2,329.8 - 2,682.6) / 14,573.20
= 2.4%
2016
= (2,446.3 - 2,736.3) / 14,573.2
= 2.0%
2017
= (2,568.6 - 2,791.0) / 14,573.2
= 1.5%
2018
= (2,697.0 - 2,846.8) / 14,753.2
= 1.0%
Answers rounded to one decimal place. and no signs, plus or minus, included, as per the question specification.
True or False? A Product is a good or service that a customer needs. It can also be an experience that a customer wants.
Answer:
I think it is true.
If a central bank wishes to reduce inflation, it should announce its intentions and follow through with them, thereby using _________ monetary policy.
A. visible
B. integral
C. credible
D. authoritative
Answer:
C. credible
Explanation:
A credible monetary policy is the policy where the problem of inconsistency of time can be avoided also the biasness of the inflation also it keeps the inflation under a control.
Therefore in the case when the central bank wants to decrease the inflation so they are using the credible monetary policy
Hence, the correct option is C.
A $5,000 face value bond has a coupon rate of 6.5%, sells for $5,937, and matures in 7 years. What is its yield to maturity?a. 3.44%.b. 5.47%.c. 6.12%.d. 4.08%.
Answer:
YTM = 0.03495343461 or 3.495343461% rounded off to 3.50%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the coupon payment
F is the Face value of the bond
P is the current value of the bond
n is the number of years to maturity
Assuming that the bond pays coupon annually,
Coupon payment = 5000 * 0.065 = $325
Number of periods remaining till maturity = 7
YTM = [ (325 + (5000 - 5937 / 7)) / (5000 + 5937 / 2)
YTM = 0.03495343461 or 3.495343461% rounded off to 3.50%
When resistance to change is based on insufficient, incorrect, or mis-leading information, managers should use ____ as an approach to manage resistance.A. Participation.B. Change manipulation.C. Education and communication.D. Negotiation.E. Coercion.
Answer:
C. Education and communication.
Explanation:
Since in the question it is mentioned that the resistance to change depend upon the non-sufficient, not correct or the information that misleads so here the managers should use the education & communication for managing the resistance as the given situation represent the education and communication scenario.
Therefore the same is to be considered
hence, the correct option is B.
You would like to invest $24,000 and have a portfolio expected return of 11.5 percent. You are considering two securities, A and B. Stock A has an expected return of 18.6 percent and B has an expected return of 7.4 percent. Approximately how much should you invest in Stock A if you invest the balance in Stock B? a) $7,137 b) $7,411 c) $8,786 d) $8,626 e) $7,807
Answer:
c) $8,786
Explanation:
0.186A + 0.074B = (24,000 x 0.115)
0.186A + 0.074B = 2,760
A + B = 24,000
where A = amount invested in stock A and B = amount invested in stock B
A = 24,000 - B
0.186(24,000 - B) + 0.074B = 2,760
4,464 - 0.186B + 0.074B = 2,760
4,464 - 0.112B = 2,760
4,464 - 2,760 = 0.112B
1,704 = 0.112B
B = 1,704 / 0.112 = $15,214.29
A = $24,000 - $15,214.29 = $8,785.71 ≈ $8,786
An example of a monopoly would be: __________
a. the local electric utility.
b. one of the few U.S.
c. auto makers.
d. Verizon cell phone service.
e. Burger King one of many U.S. grain producers.
Answer: a. the local electric utility.
Explanation:
A monopoly is a firm that is the only supplier in its market/ industry in an area. Electric utility companies are usually the only ones offering electricity in their areas so this is a monopoly.
One of a few U.S. ... is not a monopoly as there are a few of them. Auto makers do not have a monopoly as there are several of them as well such as Ford and General Motors. The Cell Phone service market has other providers apart from Verizon and Burger King is definitely not a monopoly.
6. Explain why a movement from a point inside a production possibilities frontier to the production possibilities frontier can be described as a free lunch and a movement along a production possibilities frontier is described as a tradeoff
Answer: Moving down along the PPF will produce more goods but less quality
Explanation:
On the production possibilities frontier, every choice along involves a trade-off, moving down along the PPF, production of capital goods is more but this will result in less quality for to consumers goods, when analysed with the opportunity cost, it is realized that the value of customer good o gone
have to produce less quantity of consumer goods. The opportunity cost of a capital good is the value of consumer good forgone.
According to the model of firm behavior introduced in the video, what is the main motivation for firms' actions? A. Revenue B. Sales C. Efficiency D. Profit
Answer:
D. Profit
Explanation:
As we know that every type of organization, business is worked for a profit. Also it is the main motivation to the actions of the firm. The competitive firms sell the products at low price to attract the customers in order to capture the market so that the maximum profit they could able to earned. For maximising the profit, the correct price and correct quantity is important
hence, the correct option is d.
Crane Company issues $255,000, 20-year, 6% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
June 1, 2022
Cash 262650 Dr
Bonds Payable 255000 Cr
Premium on bonds payable 7650 Cr
Explanation:
As the bonds with a face value of $255000 are issued at 103%, this means that they are being issued at a premium of 3 percent. The premium on bonds payable will be,
Premium on bonds payable = 255000 * 0.03 = 7650
We will debit the cash received from issuing the bonds that is face value of the bond plus premium. The cash receipt will be = 255000 + 7650 = 262650
The journal entry will be to be to debit cash and credit bonds payable and premium on bonds payable
_____refers to how openly a society or culture accepts or does not accept differences between people, as in hierarchies in the workplace or in politics.
Answer:
Power distance
Explanation:
Power distance refers to the extent to which those in power distance themselves from their subordinates or those that have have lower level of power.
Usually there is a hierarchy created by varying degrees of power in the society.
People with low in a community restrict themselves to their place. They accept that power is unequally divided with little or no resistance to those with higher power level.
So it is indicative of level of acceptance of power differences in the community
A fund of real estate holdings that can be privately held or publicly traded on an exchange is a __________.a. syndicate.
b. limited partnership.
c. real estate investment trust.
d. direct investment fund.
e. mortgage-backed fund.
Answer:
c. real estate investment trust.
Explanation:
Real estate investment trust are businesses that own real estate that is used to generate revenue.
They include office spaces, apartments, hospitals, hotels, shopping malls and so on.
So when there is fund of real estate holdings that can be privately held or publicly traded on an exchange, it is a real estate investment trust.
REIT provides a long term and stable source of income as real estate properties tend to appreciate over time. They also pay lower corporate tax
Colors of cars in a mall parking lot is?
Categorical
Numerical; discrete
Numerical; continuous
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.
The Jewel Golf Club Company, which recently began using a Kanban system, has had problems with high inventory levels of one of the handle grips used to make several versions of its clubs. Daily demand for the grip is 3000 units, average waiting time during production is 0.20 day, processing time is 0.10 day per container, and a container holds 150 grips. How many Kanban containers would Jewel require if a 15% policy variable is used?
a. three or fewer
b. four or five
c. six or seven
d. eight or more
Answer:
c. six or seven
Explanation:
The computation of the number of kanban containers required is shown below:
Number of Kanbans = (Average Demand During lead Time + Safety Stock) ÷ Size of container
= (3,000 units × 0.3 + 0.15 × 3000 × 0.3) ÷ (150)
= (900 + 135) ÷ 150
= 6.9
So the number of kanbans required is 6.9 i.e. it lies between six or seven
hence the correct option is c.
Which of the following is an example of an effective persuasive speech topic for a group of elementary school children?
a.
the origins of Santa Claus in different cultures around the world
b.
abstinence: the best protection
c.
read at least 20 minutes a day
d.
staying in school is cool
Answer: d. staying in school is cool
Explanation:
An elementary school has children who have grown past childhood but have not yet reached teenagerhood. Persuasive topics for them would therefore have to be tailored to their level of understanding.
Based on the options, the best would be to teach them to stay in school. The origins of Santa Claus is for their juniors and abstinence is for their seniors as well as reading 20 minutes a day. Staying in school is great for their age as it instils the values of education at a time they can understand it.
A company expects to sell 15,000 units in the first quarter, 18,000 units in the second quarter, and 20,000 units in the third quarter. The company desires to maintain an inventory at the end of each quarter equal to 10% of next quarter expected sales. How many units does the company plan to produce in the second quarter?
Answer:
the number of units produced in the second quarter is 18,200 units
Explanation:
The computation of the number of units that have to plan for producing in the second quarter is shown below:
= Sales units - opening inventory units + closing inventory units
= 18,000 units - (18,000 units × 10%) + (20,000 units × 10%)
= 18,000 units - 1,800 units + 2,000 units
= 18,200 units
hence, the number of units produced in the second quarter is 18,200 units
At December 31, 2020, Burr Corporation owes $500,000 on a note payable due February 15, 2021.(a) If Burr had restructured the note on December 15, 2020, such that Burr has the contractual right to defer payment of $250,000 of the note until February 15, 2022, how much of the $500,000 should be reported as a current liability at December 31, 2020
Answer:
$250,000
Explanation:
First and foremost, initially the whole amount payable( $500,000) was to be paid in one month and 15 days counting from December 31, 2020, hence, since the amount is payable within a year, it should have been classified as the current liability.
However, the refinancing meant that $250,000 would be deferred to 2022 while the balance of $250,000 ($500,000-$250,000) is still payable on the agreed date (February 15, 2021).
As a result, $250,000 would be reported as a current liability while the balance of $250,000 is shown as non-current(long-term) liability.
Of the $500,000 Note Payable, $250,000 should be reported as a current liability by Burr Corporation, while the remaining $250,000 should be reported as a long-term liability.
Data and Calculations:
Note Payable on December 31, 2020 =$500,000
Maturity date = February 15, 2021
Restructuring date = December 15, 2020
New Maturity date after restructuring = February 15, 2022
Current liability at December 31, 2020 = $250,000 ($500,000 - $250,000)
Long-term liability = $250,000 ($500,000 - $250,000)
Thus, in the balance sheet as of December 31, 2020, Burr Corporation can report $250,000 as a current liability instead of $500,000. The remaining $250,000 is reported as a long-term liability.
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The balance in the Bonds Payable is a credit of $79,000. The balance in the Premium on Bonds Payable is a credit of $1,600. What is the bond carrying amount?
a. $1,600
b. $80,600
c. $79,000
d. $77,400
Answer:
b. $80,600
Explanation:
The computation of the bond carrying amount is shown below:
= Balance in the bond payable + premium on bond payable
= $79,000 + $1,600
= $80,600
Hence, the bond carrying amount is $80,600
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Therefore the correct option is b.