Answer:
future value = $9596.50
Explanation:
FV = PV[1 + (i/12)]^12n
if steak and potatoes are complements, when the price of steak goes up, the demand curve for potatoes:
When the price of steak goes up, the demand curve for potatoes shift to the left.
The potato is a starchy tuber of the plant Solanum tuberosum and is a root vegetable and a fruit native to the Americas. The plant is a perennial within the nightshade own family Solanaceae. Wild potato species can be determined from the southern u.s.a. to southern Chile.
In addition to starch, potatoes contain nutrients, minerals, and fiber. they're wealthy in vitamin C, that's an antioxidant. Potatoes had been a existence-saving food supply in early instances because the vitamin C averted scurvy.
Clean potatoes are baked, boiled, or fried and utilized in a marvelous variety of recipes: mashed potatoes, potato pancakes, potato dumplings, twice-baked potatoes, potato soup, potato salad and potatoes au gratin, to call a few.
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don wants people to like him and to think he's smart and a good businessman. he is friendly to people, speaks in an educated manner, and wears tailored business suits. goffman would argue that don's demeanor and dress are all part of
The keys to success in a small business are adaptability, perseverance, and hard work. However, these are three essential qualities for any endeavor.
What is a businessman's level of intelligence?
interpersonal intelligence (also known as "people savvy").
It necessitates the ability to comprehend multiple points of view, sensitivity to moods and temperaments, and efficient verbal and nonverbal communication. Interpersonal skills are especially important for entrepreneurs.
Who has an interest in business?
To have a business mind is to become a person who is aware of all the risks associated with each investment and to continuously improve your ability to solve problems.
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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:
Aug.1 Inventory on hand—2,100 units; cost $5.40 each.
8 Purchased 10,500 units for $5.60 each.
14 Sold 8,400 units for $12.10 each.
18 Purchased 6,300 units for $5.70 each.
25 Sold 7,400 units for $11.10 each.
28 Purchased 4,100 units for $5.80 each.
31 Inventory on hand—7,200 units.
Required:
Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost flow methods.
Using calculations based on a periodic inventory system, the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 Income Statement using the following cost flow methods are:
FIFO Method LIFO Method Weighted Average
Ending Inventory $41,450 $39,900 $40,640
Cost of Goods Sold $88,380 $89,930 $89,190
What are the inventory cost flow methods?The various inventory cost flow methods include:
LIFO (last in, first out)FIFO (first in, first out)Specific identificationWeighted-average cost.Inventory Costing:Date Activities Units Unit Cost Total
Costs Sales
Aug. 1 Inventory on hand 2,100 $5.40 $11,340
Aug. 8 Purchases 10,500 $5.60 58,800
Aug. 14 Sales (8,400) $12.10 $101,640
Aug. 18 Purchases 6,300 $5.70 35,910
Aug. 25 Sales (7,400) $11.10 $82,140
Aug. 28 Purchases 4,100 $5.80 23,780
Total inventory for sale 23,000 $129,830
Aug. 31 Inventory on hand 7,200
Inventory sales 15,800 $183,780
FIFO:
Ending inventory = $41,450 (3,100 x $5.70 + 4,100 x $5.80)
Cost of goods sold = Cost of goods available for sale - Ending inventory
= $88,380 ($129,830 - $41,450)
LIFO:
Ending inventory = $39,900 (2,100 x $5.40 + 5,100 x $5.60)
Cost of goods sold = $89,930 ($129,830 - $39,900)
Weighted Average:
Average cost = $5.645 ($129,830/23,000)
Ending inventory = $40,640 ($5.645 x 7,200)
Cost of goods sold = $89,190 ($5.645 x 15,800)
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Question Completion:FIFO, LIFO, and Weighted Average inventory methods.
Dwight Donovan, the president of Munoz Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $46,000. The annual expected cash inflows are $27,252 for Project A and $12,761 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Munoz Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Required
Compute the net present value of each project. Which project should be adopted based on the net present value approach?
Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
What is the Net Present Value for project A and project B?
Project A?
Project B?
The project that should be adopted based on the net present value is project B.
The project that should be adopted based on the internal rate of return is project B.
Which projects should be adopted?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.
NPV and IRR can be calculated using a financial calculator:
Project A:
Cash flow in year 0 = $-106,000
Cash flow in year 1 - 5= $27,252
I = 8 %
NPV = $2,809.33
IRR = 9%
Project B:
Cash flow in year 0 = $-46,000.
Cash flow in year 1 - 5= $12,761
I = 8 %
NPV = $4,950.97
IRR = 12%
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Determine which of the following statements are correct regarding the difference between physical flow and the cost flow of goods
a.Perishable items must have an actual physical flow of FIFO
b. A business may adopt any cost flow assumption when accounting for perishable items
c.Cost flow is an assumption about which goods/times are sold
d. Physical flow is focused on the actual movement of goods
The statements are correct regarding the difference between physical flow and the cost flow of goods Option is the business may adopt any cost flow assumption when accounting for perishable items.
The flow of costs refers to the manner or course wherein charges circulate via a firm. generally, the glide of charges is applicable with manufacturing corporations wherein accountants need to quantify what costs are average price go with the flow assumption is a calculation group used to assign costs to stock items,
Cost flow products bought (COGS), and ending stock. an average is taken of all of the products bought from stock over the accounting length and that common fee is assigned to the goods.
The cost flow drift version is used to examine a perpetual inventory machine balance to a real bodily count. It takes you to begin stability adds your purchases then subtract it in opposition to your bodily finishing matter so that it will calculate your price of goods bought factor.
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2. Miles is planning to open a credit card, charge only his monthly streaming service
subscriptions (less than $50 per month), and pay his entire bill in full each month so
that he never has to pay interest. Which of these factors do you think is most
important for Miles to consider when selecting a card? Why?
Having a credit card offers several benefits, from the flexibility of making purchases when you don't have cash to the opportunity to earn points on every dollar you spend.
Use of credit card:
Having a credit card can also help you establish a credit history, which is crucial if you ever want to apply for a personal loan or mortgage.
Although owning a credit card can enhance your score, it can potentially lower it. It's critical to know how to use a credit card responsibly, live within your limits, and make full, on-time payments to your debt every month.
Factors do you think is most important for Miles to consider when selecting a card:
While choosing a new credit card, there are many things to take into consideration. The best option for you may reflect on the features and costs of a card as well as your own financial condition and interests.
1. Credit Score Requirements:
Although credit card issuers may provide some basic advice, they may not have a minimum credit score requirements for each of their cards.
2. What You Want to to Do With the Card:
You should also think about how you intend to use your new credit card.
3. Fees:
Even if you do not pay interest on your credit card, fees can still affect how much it costs to use the card.
4. Annual Percentage Rates (APRs):
The APR of a credit card influences how much interest is charged while a balance is carried.
5. Rewards:
On every eligible transaction, rewards credit cards may give you cash back, points, or miles.
6. Credit Limit:
The credit limit on your card determines how much of a balance you can have before being unable to make any further purchases.
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e. Suppose that demand is perfectly inelastic at 40 million bags, so that consumers demand 40 million bags no matter what the price is. What price should you charge if you want the firm to earn only a fair rate of return? Assume as always that TC includes a normal profit.
The price which you should charge if you want the firm to earn only a fair rate of return would be $2 per bag.
Given,
Demand is perfectly inelastic at - 40 million bags
Consumers demand - 40 million bags
So, here the price which tends to yield a fair rate of return is also the price that makes the economic profit = 0.
Thus, the sales price = average total cost. So we must first determine total costs for producing 40 million bags:
Total costs = the Fixed costs + Variable costs
= $40 million + (40 million x $1) = $80 million
Now, we have to determine average total cost:
Average total cost at 40 million bags
= $80 million / 40 million bags = $2 per bag
The price which you should charge if you want the firm to earn only a fair rate of return would be $2 per bag.
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Can anyone help me with this worksheet?
Answer:
Here are the answers i found on Course Hero! Hope this helps. Have a good day! :D
How would you define ethics? What are three factors that might affect good ethical conduct? Conduct research and provide an explanation of why the Sarbanes-Oxley Act was created and how it relates to ethics. What are the legal liabilities of an accountant?
Ethics which can also be known as moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.
Below you can read more about Factors that may Affect Ethics.
What is Ethical Conduct?Ethical trust defines the principles of fairness, good faith and respect consistent with laws, regulations which helps in promoting professionalism.
There are several factors that affect good ethical conduct, they include the following
Individual Factor( include knowledge level, moral values and attitudes, and personal goals)Social Factor (include cultural norms and the actions and values of coworkers and significant others)Opportunity Factor( amount of freedom to move or act that is available to behave unethically if people so choose)the Sarbanes-Oxley Act was created in response to incessant corporate fraud and failures. Its aim was to create new rules for corporations, such as setting new auditor standards.
The Legal liabilities of an accountant implies that the accountant is accountant legally liable for being negligent of fraud, even if they had no actual stake in the fraud being committed.
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Suppose that, over time, the price of a good increases while the quantity of the good exchanged on markets also
increases. A possible explanation is that, over time:
A the supply curve shifts inwards.
B the demand curve shifts outwards.
the supply curve shifts outwards
(D) the demand curve shifts inwards.
Let's say that a good's price rises over time while its supply is traded more frequently on markets. A possible explanation is that in over time the supply curve shifts outwards.
What is overtime?When someone works past their regular shifts, this is known as overtime. The payment for this time is referred to by this name as well.
Overtime labor regulations are present in the majority of national jurisdictions and are intended to deter or forbid businesses from requiring their staff to put in overly lengthy hours. Humanitarian concerns may not be the only factors taken into account by these regulations, which may also increase overall employment levels in the economy or safeguard worker health so they may continue to be productive. Demanding that companies pay employees more per hour for extra labor is a typical strategy for controlling overtime. Even if required to do so by law, employers may decide to provide employees higher overtime compensation.
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Jordano Inc. buys a $500,000 motor for its operation and pays for it by taking out a bank loan. The company's assets will _____ by $500,000 while its liabilities will _____by $500,000.
Answer:The company's assets will rise by $500,000 while its liabilities will rise by $500,000.
What is accounting equation?
The accounting equation is the assets that are equivalent to the liabilities & equity, and the same should be shown in the balance sheet.
The accounting equation is given as:
Assets = Owner's equity + liability
The asset will rise because the company is purchasing new products, also the liability will rise because of the loan taken to purchase the asset.
Hence, the company's assets will rise by $500,000 while its liabilities will rise by $500,000.
Explanation:
Why are financial statements and financial ratios used as factors in a company’s decision-making process? Provide at least one real world example.
What are three ways businesses demonstrate corporate responsibility? Provide at least one real world example.
A financial statements & financial ratios are used as factors in a company’s decision-making process because its informs about the company financial position.
What is a financial statements & financial ratios?In finance, a financial statements refers to those written records that convey the business activities and the financial performance of a company. It is often audited by government agencies, accountants, firms, etc. to ensure accuracy, for tax, financing, investing purposes etc.
Also, a financial ratio means a relative magnitude of two selected numerical values taken from an enterprise's financial statements. As we have many standard ratios, they are all used to try to evaluate the overall financial condition of a corporation or other organization.
The three ways in which businesses demonstrate a corporate responsibility includes
environmental initiativescharity workethical labor practicesvolunteer projects.What is a corporate responsibility?It is best defined as a business model that helps a company be socially accountable to itself, stakeholders, public. government etc. When a firm practices corporate responsibility, its becomes conscious of the kind of impact they are having on all aspects of society including the economic, social, and environmental aspect.
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Imagine that you are a school counselor and a student comes to see you confused about what clubs or organizations to join. They say that they have NO IDEA what they want to do when they grow up. What are some questions you would ask them in order to help guide their selection? Come up with at least three questions.
Some questions a school counselor might ask a student to guide their selection of clubs or organizations might be:
What are your hobbies?Have you already chosen your future career?What subjects do you like the most?How to choose extracurricular activities?It is essential that the student chooses activities and groups that are aligned with his/her profile, preferences and abilities. Assuming that the student likes to write and read, then the book club could be ideal for the student to further develop their skills.
The school counselor is the professional responsible for helping the student to make educational and professional decisions based on their needs, characteristics and will.
Therefore, the guidance of the student by the school counselor is advantageous for motivating and making the student understand more about their wishes and future perspectives for cognitive and social development.
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To access need-based federal aid, including federal loans you will need to submit _____.
Answer:
You must submit the Free Application for Federal Student Aid, also known as the FAFSA.
Explanation:
raisin growers, milk producers, and pork processors are examples of companies that have jointly supported promotional campaigns designed to build primary demand for their products. in which type of game have these players engaged?
Raisin growers, milk producers, and pork processors are examples of companies that have jointly supported promotional campaigns designed to build primary demand for their products. They have engaged in positive sum
What is positive-sum?Generally, When resources are expanded in some way and a method is developed in which the wants and requirements of all parties involved are fulfilled, there will be a positive sum.
This will occur when there is a positive sum. One illustration of this would be the situation in which two different parties benefit monetarily by their participation in a competition, regardless of which one wins.
The concept of a "negative-sum game" refers to a set of circumstances in which the overall sum of wins and losses is negative rather than zero, and the only option for one party to preserve the status quo is to take something away from the other side.
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What doesn't a will list or designate?
A.the executor
B. End of life wishes
C. Assets and property
D. Beneficiaries
Answer: B end of life wishes
Explanation: i just took the test
The will that a person would write is going to have all of the following designations apart from the End of life wishes.
What is a will?This is the term that is used to refer to the document that is used to tell us of the wishes of a person that is written so as to stipulate the ways that he would love to have his assets divided on the occasion of death.
The will is known to include the person that is to act as the executor of the will at his demise, the people that are to inherit the assets in the will that is read and all of the assets that the dead owned that he would want to be shared.
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This theory establishes that people have 5 basic needs:physiological, security, social, esteem, and self-actualization
This theory establishes that people have 5 basic needs:physiological, security, social, esteem, and self-actualization:
Maslow's hierarchy of needs is a motivational theory.
One of the ways a supervisor can gain control is by:
O a. perceiving situations as problems rather than challenges.
O b. planning and identifying both long-term and short-term goals.
O c. taking a series of short vacations rather than a long vacation.
O d. declining rewards when something worthwhile is accomplished.
perceiving situations as problems rather than challenges. [option a] is one of the ways a supervisor can gain control.
The span of control, also known as span of control, is a term used in business management, especially human resources management. This term refers to the number of subordinates or direct reports that a manager is responsible for.Command range refers to the number of subordinates a superior can effectively manage. Simply put, a manager who has a group of direct reports to him is known as a management span.Leadership scope refers to the horizontal levels of the organizational structure. Leadership has broad and narrow spans. Larger spans have fewer hierarchical levels and therefore a flatter organizational structure. Narrow spans increase the hierarchical level while the organizational structure grows.Hence, supervisors can easily control subordinates by the span of management.
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in project schedule management, the ultimate goal of which process is to provide a basis for monitoring project progress for the time dimension of the project?
In project schedule management, developing a schedule is ultimately intended to serve as a foundation for tracking project progress for the time dimension of the project.
What is project schedule management?A thorough plan describing how and when the project will deliver its goods and services as specified by the project scope is called a project timeline.
The definition of the job to be completed and the schedule are closely related. It is a thorough schedule of the jobs or activities that must be done during the project's duration. It also makes it possible to gather a budget by assessing the resources required for the project.
All of the actions or activities required to fulfill the project deliverables are included in the schedule. Dependencies serve as the connections between these jobs. Scheduling analysis is then based on the resulting "network" of tasks.
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Customer objections can be categorized as relating to
Group of answer choices
timing and sequence.
need and sequence.
source and pitch.
product and price.
Customer objections can be categorized as relating to product and price.
What is meant by customer objections?This is the term that is used to refer to all of the concerns that a prospective consumer is going to have. This is what would have to make the person to hesitate in terms of making a purchase decision.
The reason is due to the fact that the people that buy want to be sure that the good that they are buying is a good one.
Hence the last option is the correct solution to the question that we have here.
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Where is the Edit Links dialog box located?
Edit Link options. When you open the Edit Links dialog (Data > Queries & Connections > Edit Links), you're presented with several options for dealing with existing links. You can select individual workbooks with Ctrl+click, or all of them with Ctrl+A. This will update all selected workbooks.
Answer:data tab, connections group
Explanation:
just did
gnomes r us just paid a dividend of $1.91 per share. the company has a dividend payout ratio of 30 percent. if the pe ratio is 17 times, what is the stock price?
The stock price of gnomes r us is $108.23.
What is the stock price?The dividend pay-out ratio is the ratio of dividend to earnings per share.
Dividend pay-out ratio = dividend / earnings per share
30% = 1.91 / earnings per share
Earnings per share = 1.91 / 0.3 = 6.37
The PE ratio is the ratio of price to earning per share.
PE ratio = price / earnings per share
17 = price / 6.37
price = 17 x 6.37
Price = $108.23
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Compare and contrast the three options from the perspective of customer service. Which do you believe will provide the best level of service? Why?
The three options from the perspective of customer service, when used can help provide the best level of service are:
Empathy.TactTrustWhat is the comparison between the items listed above?The capacity for trust and for being trusted is a crucial component of empathy. This is crucial to preventing bullying. People may take chances and be honest with each other when there is trust between them. There will be more sharing of facts, emotions, and ideas as trust grows.
Empathy establish connections with others, apply emotional intelligence and empathy. Truth-telling with tact means taking into account the emotions and reactions of others. It helps one to be able to send some challenging feedback, pass on private information, and others.
The Gains from the Customer Service Perspective are:
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Choose the response that correctly completes the following sentence describing the tax treatment and reporting requirements for municipal bond interest
Interest income from this type of investment is:
A. federally taxable and must be reported on form 1040
B. nontaxable and does not have to be reported
C. not federally taxable but must be reported on form 1040
D. not federally taxable and only reportable on form 1040 when the amount received exceeds $1,500
Interest income from this type of investment is: Option C. not federally taxable but must be reported on form 1040.
What is municipal bond interest?These can be viewed as loans that investors give to local governments and are used to pay for infrastructure projects like parks, libraries, bridges, and highways. Municipal bonds are an appealing investment choice for people in high tax brackets because interest on them is frequently tax free.
Municipal bonds are financial securities that are issued by local or state governments to raise money for certain public projects or to simply fund continuing operations. In exchange for making a financial debt to that government, the investor will receive interest payments until the bond matures.
Therefore, Municipal bonds provide stability for your capital with low default rates, even though they may have lower interest rates than riskier investments like corporate bonds or stocks.
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How is refutation different from concession?
Answer:How is refutation different from concession?
Concession – a sentence or two acknowledging that there could be some truth to the Counterargument. Refutation (also called Rebuttal) – sentences which explain why the Counterargument is not as strong as the original Argument.
May 3. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500.
What is the labor force participation rate of a population of 400,00 wherein the working labor force is 305,00 workers?
A. 69.6%
B. 76.3%
C. 87.1%
D. 55.4%
The labor force participation rate of a population of 400,00 wherein the working labor force is 305,00 workers is 76.3%.
What is the labor force participation rate?The labor force participation rate provides an estimate of the size of the labor force in an economy. The calculation is the proportion of the working-age non-institutionalized population, ages 16 and older, who are employed or actively looking for work.
According to the U.S. Bureau of Labor Statistics (BLS), which releases the data monthly, the labor force participation rate in the U.S. ranged between a low of 61.7% and a high of 62.3% in the 12 months ending in September 2022.
Calculation:
The formula for calculating the labor force participation rate is: (Labor Force Civilian Noninstitutional Population) x 100.
= (305,00/400,00)*100
= 76.3%
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how does the timing of adjusting entries differ from the accounting for daily transactions?
Adjustments are made at the end of the accounting period because making them on a daily basis would be inefficient.
An accounting amount, in bookkeeping, is the period with relevancy that management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided by management. Monthly accounting periods are common.
In financial accounting, the accounting period is determined by regulation and is sometimes twelve months. the start of the accounting period differs per jurisdiction. For example, one entity might follow the calendar year, Gregorian calendar month to December, whereas another may follow April to March because of the accounting period.
The International Monetary Reporting Standards allow a period of fifty-two weeks as an accounting period rather than 12 months.[1] This technique is thought of as the 4-4-5 calendar in British and Commonwealth usage and the 52–53-week fiscal year in the United States. In the United States the technique is allowable by generally accepted accounting principles, similarly as by US Internal Revenue Code Regulation 1.441-2 [2] (IRS Publication 538).
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1) The focus of this video was on __________ which the
chapter describes as all forms of pay going to
employees and arising from their employment.
The focus of this video was on Employee Compensation which the chapter describes as all forms of pay going to employees and arising from their employment.
What is meant by Employee Compensation?Employee compensation is the entire remuneration that an organisation pays to an employee in exchange for the work that employee performed during the accounting period, whether that payment is made in cash or in kind.
Typically, the term "compensation" refers to a monetary payment made to a person in return for their work. Employees work to earn their income at the office. It includes the employee's pay or earnings, commission, and any additional benefits or incentives associated with the job.
Pay, holidays, health insurance, and bonuses all contribute to an employee's total compensation. Other benefits are also included, such as a company car, free parking, complimentary or discounted meals, travel expenses, etc.
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Component of career planning
Answer:
The career planning process has four components:
(1) Self Assessment
(2) Career Exploration
(3) Career Identification
(4) Action Plan
Explanation:
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