Answer:
Currently the price of homes has exceeded the 2006 peak, just before the housing bubble burst. The price index has increased more than 40% since 2012.
It has been many years now of a strong economy, with an economic expansion lasting for 11 years (since June 2009), which is actually record breaking. A lot of economists were expecting a recession soon, with the current health crisis not helping, and the recession finally arrived on June 2020.
The combination of historically high prices for homes and an economic recession can be very hurtful. The advantage of the current situation is that the level of delinquent or subprime mortgages is currently much lower than 14 years ago. Actually, the amount of debt per household has decreased since 2006, and is quite stable right now at moderate or low levels. Many households spent much of the past years paying off debt, so they didn't have time to take new debt.
If the recession gets worse, a price correction will be inevitable, but it wouldn't be as large as the 2007 decrease. Only in a few cities in California, Washington, Nevada and Oregon can you find situations similar to 2006, where a strong supply hasn't been enough to balance the prices due to a stronger demand and high mortgage debt. But even there, the situation will not be as bad.
What is a example of good customer service?
Answer:
Jet blue= thanks frequent customers with small gesturer
Tesla= meet your customers where they r at
why is manufacturing becoming more competitive
Suppose you make the decision to volunteer for an event in school for an hour this week. This means that you would have to take an hour off from your summer job, for which you earn $10 per hour. You spend $3 in bus fare in order to get to school and $5 for lunch. If you went to work, you would have been able to walk to your job, and lunch would have been provided to you by the office. The opportunity cost of volunteering is:
Answer:
$10 what you would have earned at the job
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
When you decide to volunteer, you would not be able to go to work. The opportunity cost of volunteering is what you would have earned if you were at work
Storm Concert Promotions Valle Home Builders Actual indirect materials costs$12,400 $7,000 Actual indirect labor costs 55,900 46,900 Other overhead costs 16,000 48,900 Overhead applied 91,600 98,300 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
Answer and Explanation:
Storm Concert Promotions
The computation of overhead is shown below:-
Factory Overhead-Storm
Indirect materials $12,400 Applied overhead 91,600
Indirect Labor $55,900
Other overhead
costs $16,000
Overapplied overhead $7,300
The Journal entry is shown below:-
Factory overhead Dr, $ 7,300
To Cost of goods sold $7,300
(Being cost of goods sold is recorded)
Valle Home Builders
The computation of overhead is shown below:-
Factory Overhead-Value home builders
Indirect materials $7,000 Applied overhead 98,300
Indirect Labor $46,900
Other overhead
costs $48,900
Overapplied overhead $4,500
Factory overhead Dr, $ 4,500
To Cost of goods sold $4,500
(Being cost of goods sold is recorded)
How is the change in cash classified on the statement of cash flows?
a. It is found in the investing activities section of the statement.
b. It is found in the operating activities section of the statement.
c. It is found in the financing activities section of the statement.
d. It is the sum of the investing, operating, and financing activities sections.
Answer:
d. It is the sum of the investing, operating, and financing activities sections.
Explanation:
Change in cash classified on the statement of cash flows is derived by the sum of the Investing cash flow activities + Operating cash flow activities Financing cash flow activities. The balance gotten is known as Net cash flow for the particular period.
or 2018, Gourmet Kitchen Products reported $22 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 9% and its federal-plus-state income tax rate was 35%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2018
Answer:
Economic value added = $1,250,000
Explanation:
Economic value added (EVA) = Net operating profit after taxes - Invested capital * cost of capital
Economic value added= [($22,000,000 - $18,000,000) * (1 - 0.35)] - [$15,000,000 * 9%]
Economic value added = ($4,000,000 * 0.65) - $1,350,000
Economic value added = $2,600,000 - $1,350,000
Economic value added = $1,250,000
Financing that individuals or institutions have provided to a corporation is: Multiple Choice always classified as a liability. classified as a liability when provided by creditors and as stockholders' equity when provided by owners. always classified as equity. classified as a stockholders' equity when provided by creditors and a liability when provided by owners.
Answer:
classified as a liability when provided by creditors and as stockholders' equity when provided by owners
Explanation:
Corporate finance can be explained as how the revenue, asset as well as is been taken care of in business. The financing could be by individual or institution.
It should be noted that Financing that individuals or institutions have provided to a corporation is classified as a liability when provided by creditors and as stockholders' equity when provided by owners
Balance Sheet Current assets Cash 910,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,710,000 TOTAL ASSETS 7,000,000 Current liabilities Acc payable not given Long-term debt 3,500,000 Common stock 560,000 Retained earnings 2,470,000 TOTAL LIAB and EQUITY 7,000,000 Income Statement Sales 14,000,000 Operating expense 11,200,000 EBIT 2,800,000 Interest expense 490,000 EBT 2,310,000 Taxes 924,000 Net income 1,386,000 What is the firm's quick ratio?
Answer:
4.77
Explanation:
The formula below is used to calculate quick ratio
Current assets - Inventories / Current liabilities
Account receivables =$1,330,000
Current assets = $3,290,000
Inventories = $1,050,000
Account payable = $470,000
Current liabilities = $470,000
Therefore,
Quick ratio = ($3,290,000 - $1,050,000) / $470,000
= 4.77
1 Select the correct answer. If a news article contains bias, what should you do.PLS WILL MARK BRAINEIST
A.take it as a fact
B.READ ANOTHER ARTICLE ON THE SAME TOPIC
C.THROW THE ARTICLE AWAY
D.AUTOMATICALLY AGREE WITH THE REPORTER.
Answer:
I'm pretty sure the answer is B.
Explanation:
Answer:
here u can mark the other guy brainliest now. You have to have 2 answers on the question to mark brainliest
Explanation:
The following transactions occurred during July: Received $970 cash for services provided to a customer during July. Received $3,400 cash investment from Bob Johnson, the owner of the business. Received $820 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $445. Borrowed $6,700 from the bank by signing a promissory note. Received $1,320 cash from a customer for services to be performed next year. What was the amount of revenue for July
Answer: $1,415
Explanation:
Going by the Accrual principle in Accounting, the revenue to be recognized has to be for services rendered in the period of interest regardless of it is in cash or on account.
The revenue transactions for the month of July therefore will be for only services rendered in July.
Those include;
Received $970 cash for services provided to a customer during July.Provided services to a customer on credit, $445The rest were either equity, liability or revenue for a period other than July.
Revenue for July is therefore;
= 970 + 445
= $1,415
Hoover Inc. has current assets of $350,000 and fixed plant assets of $650,000. Current liabilities are $100,000 and long-term liabilities are $250,000. There is $120,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share $53.00. $75.00. $65.00. $84.00.
Answer:
$53.00
Explanation:
The computation of book value is shown below:-
But before that we need to determine the net asset which is
Net asset = Total asset - Total liabiliites
= ($350,000 + $650,000) - ($100,000 - $250,000)
= $1,000,000 - $350,000
= $650,000
Now
Value per share= (Net asset - preference share) ÷ number of common stocks
= ($650,000 - $120,000 ) ÷ 10,000 shares
= $530,000 ÷ 10,000
= $53 per share
If your an executive chef of a supermarket, who might report to you? Who might you report to?
Answer:
Executive chefs will report to the head restaurateur. Sous chefs and line cooks report to executive chefs.
four problems associated with money
Answer:
Hmm.
Explanation:
Problems making ends meet
Accumulating too much debt.
Making poor purchasing and investing decisions.
Being unable to enjoy money.
(Source; USATODAY.com)
Complete the statement with the correct word.
______ is the time noncustodial parents spend with their children.
Answer:
parenting time or visitation
Explanation:
Answer:
visitation is the correct answer
Explanation:
plato
The adjusted trial balance of Pacific Scientific Corporation on December 31, 2021, the end of the company’s fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,200; cost of goods sold, $1,440; selling expense, $215; general and administrative expense, $205; interest expense, $45; and gain on sale of investments, $85. Income tax expense has not yet been recorded. The income tax rate is 25%. Assume the company’s accountant prepared a multiple-step income statement. a. What amount would appear in that statement for operating income? b. What amount would appear in that statement for nonoperating income?
Answer:
A. $340 million
B. $40 million
Explanation:
A. Calculation for the amount that would appear in that statement for operating income
Sales revenue $2,200
Less: Cost of goods sold ($1,440)
Selling expense ($215)
General and administrative expense ($205)
Operating income $340 million
Therefore the amount that would appear in that statement for operating income will be $340 million
B. Calculation for the amount that would appear in that statement for non operating income
Interest expense $45
Less Gain on sale of investments $85
Non-operating income $40 million
Therefore the amount that would appear in that statement for nonoperating income will be $40 million
Imagine you’re an angel investor looking to invest in young companies. What questions would you ask the management team at Project Repat before making a final decision about investing in it?
Which of the following is a descriptive data mining technique?
1. Linear Programming.
2. Decision Analysis-Utility Theory.
3. SQL.
4. Cluster Analysis.
5. What-If Analysis.
Answer:
Descriptive data mining technique:
4. Cluster Analysis
Explanation:
Cluster Analysis is one of the data mining techniques. It classifies variables into similar groups according to their subjects. It is also a descriptive technique. Descriptive mining produces correlation, cross tabulation, frequency, etc, thereby discovering the regularities in the data, revealing data patterns, and discovering the subgroups of the data.
Major Manuscripts, Inc., is currently operating at 70 percent of capacity. All costs and net working capital vary directly with sales. The tax rate, the profit margin, and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to increase by 10 percent
The attached data is required to answer the question
Answer:
$535
Explanation:
In this scenario we need to calculate the additional debt required by Major Manuscript
We expect an increase of 10% of sales
Therefore
Total assets projected = 9,420 * 1.10 = $10,362
Accounts payable projected = 2,200 * 1.10 = $2,420
Current long term debt = $260
Current common stock = $2,400
Retained earnings projected = 4,560 +{(360 - 190) * 1.10} = $4,747
Additional debt required = 10,362 - 2,420 - 260 - 2,400 - 4,747
Additional debt required = $535
5. Consider the supply chain involved when a customer orders a book from Amazon. Identify the
push/pull boundary and two process each in the push and pull phases.
Answer:
1. At pull stage Customers request for books. A pull system by Amazon was made through the use of ingram book group. They support booksellers in supply and demand of book buyers
2. The push strategy is made through the development of several warehouses. Procurement of inventory is done and peoples orders are sent out by utilizing pull strategy.
Processes in pull strategy:
1. Shipping
2. Order fulfilment
Processes in push strategy:
1. Stock replenishment
2. Production
Joe Fixit has an appliance-repair business. He has more business than he can handle and wants to hire another repair person. Joe estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour, but he stipulates that the minimum charge for appliance-repair estimates is $30 plus parts. What is the marginal revenue product of a qualified repair person
Answer:
The marignal revenue that another worker would bring to Joe under these circumstances is $90.
If joe hires a new worker, the worker can repair 3 appliances per hour, and the mininum charge for appliance-repair is $30 plus parts. The marignal revenue is:
$30 x 3 appliances = $90
Because wages are equal to the marginal product of labor, the maximum amount that Joe would pay to a new person is $90.
The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 14,500 Current assets $ 12,000 Debt $ 16,500 Costs 8,400 Fixed assets 29,000 Equity 24,500 Taxable income $ 6,100 Total $ 41,000 Total $ 41,000 Taxes (40%) 2,440 Net income $ 3,660 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
Answer:
0.1046 or 10.46%
Explanation:
The computation of the sustainable growth rate is shown below:
The Sustainable growth rate of the firm is
= Return on Equity × ( 1 - Dividend Payout Ratio )
where,
Dividend Payout Ratio = 30%
And,
Return on equity is
= Net Income ÷ Shareholder 's equity
= $3660 ÷ $ 24,500
= 0.14938
So,
Sustainable growth rate is
= 0.14938 × (1 - 30%)
= 0.1046 or 10.46%
The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corporation: If Children's Division is dropped, half of the fixed costs above can be eliminated. What will be the effect on Grunge's profit next year if Children's Division is dropped instead of being kept? Select one: a. $50,000 increase b. $250,000 increase c. $250,000 decrease d. $550,000 increase
Question:
The following information relates to next year's projected operating results of the Children's Division of Grunge Clothing Corporation:
Contribution margin.... 200,000
Fixed Expense.... 500,000
net operating loss..... (300,000)
If Children's Division is dropped, half of the fixed costs above can be eliminated. What will be the effect on Grunge's profit next year if Children's Division is dropped instead of being kept?
A) 50,000 increase
B) 250,000 increase
C)250,000 decrease
D) 550,000 increase
Answer:
Option A is correct
Increase in profit = $50,000
Explanation:
To determine whether or not it will be profitable to drop a loss making division, we compare the savings in fixed cost to the lost contribution from the division.
It is noteworthy that only the fixed cost attributed to division can only be saved should the division be shut down.
The analysis is done as follows:
$
Lost contribution (200,000 )
Savings in fixed cost (1/2× 500,000) 250,000
Net savings 50,000
Increase in profit = $50,000
Barclay Enterprises manufactures and sells three distinct styles of bicycles: the Youth model sells for $500 and has a unit contribution margin of $200; the Adult model sells for $930 and has a unit contribution margin of $372; and the Recreational model sells for $1,400 and has a unit contribution margin of $560. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $5,680,000, calculate the firm's break-even point in total sales dollars.
Answer:
$14,200,000
Explanation:
The computation of the firm break even point in total sales dollars is shown below:
Particulars Youth Adult Recreational
Sales mix
ratio 0.25 0.45 0.30
(5:9:6)
Contribution
margin $200 $372 $560
Weighted
average CM 50 167.4 168
Selling price $500 $930 $1,400
Weighted
average sales 125 418.50 420
Weighted average
sales 963.50
Weighted average
CM 385.40
CM ratio 40% (385.40 ÷ 963.50)
Now the break even point in sales dollars is
= Fixed cost ÷ contribution margin ratio
= $5,680,000 ÷ 40%
= $14,200,000
Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale. Assume you are the District Manager of a grocery chain which sells everything like Ralphs or Albertsons. What will you put on sale in your district during the Valentine's Day week
Answer:
The manager of the grocery chain should put two types of products:
1) products that are staple in Valentine's Day, because they are very likely to be sold in large numers.
2) products that have low price elasticity, or that are relatively inelastic, because these products will be sold in important quantities even if theirprices are moderately increased, bringing more profit to the firm.
Angel Corporation reported pretax book income of $1,006,000. During the current year, the net reserve for warranties increased by $25,900. In addition, tax depreciation exceeded book depreciation by $101,500. Finally, Angel subtracted a dividends received deduction of $26,200 in computing its current year taxable income. Angel's hypothetical tax expense in its reconciliation of its income tax expense is:
Answer:
$211,260
Explanation:
Calculation for Angel's hypothetical tax expense in its reconciliation of its income tax expense
Using this formula
Angel's hypothetical tax expense=Pretax book income × Tax rate
Let plug in the formula
Angel's hypothetical tax expense=$1,006,000×21%
Angel's hypothetical tax expense=$211,260
Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense will be $211,260
Peta Corporation and its subsidiary reported consolidated net income of $320,000 for the year ended December 31, 20X8. Peta owns 80 percent of the common shares of its subsidiary, acquired at book value. Noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 20X8. What is the amount of separate operating income reported by Peta for the year
Answer: $170,000
Explanation:
Based on the information provided in the question, the amount of separate operating income that will be reported by Peta for the year goes thus:
The total income of subsidiary is calculated as:
= [30000/(100 - 80)] × 100
= (30000/20) × 100
= 1500 × 100
= 150000
Therefore, the operating income of Peta will be:
= Consolidated income - the total Subsidiary income
= $320000 - $150000
= $170000
A purposeful systematic process for collecting information on the important work related aspects of a job is called job description. TURE OR FALSE
Answer:
F
Explanation:
The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs
Answer:
The answer is "2.45%".
Explanation:
The answer of option c:
Reduce power by 950 dollars:
In this question it will need to once again take the latest energy cost for analytical hierarchical productivity.
→ Total Input [tex]= 400 \times 12+21000 \times 1 +(5000-950)+10000[/tex]
[tex]= 4800 +21000 + (4050)+10000 \\\\ = 25800+4050+10000 \\\\ = 39850\\[/tex]
Consumer rates [tex]= \frac{1,000}{39,850}[/tex]
[tex]=0.0250[/tex]
Initial efficiency multi-factor= 0.0245
[tex]\to \text{percentage changes} = \frac{\text{New Multi Factor Productivity - Previous Multi-Factor Productivity}}{\text{Originbal Multi-Factor Productivity}}[/tex]
[tex]= \frac{(0.02450.0251)}{0.0245}\\\\ = 2.45 \ \ \%[/tex]
9.20% is the percent change in multifactor productivity if Fok can reduce the electricity bill by $1,000 per day without cut down production or changing any other inputs.
Computation of percentage change:According to the question,
Reduce power by $950,
For analytical hierarchical productivity, we need to calculate the latest energy.
Total New Input(TNI):
Summation of all the inputs:
[tex]\text{TNI}= 400\times12+\$21,000\times1+(\$5,000-950)+\$10,000\\\\\text{TNI}=\$4,800+\$21,000+\$4,050+\$10.000.\\\\\text{TNI}=\$25,800+\$4,050+\$10,000.\\\\\text{TNI}=\$39,850.[/tex]
[tex]\text{Consumer Rates}=\dfrac{\text{Energy bill per day}}{\text{TNI} }.\\\\\text{Consumer Rates}=\dfrac{1,000}{39,850}.\\\\\text{Consumer Rates}=0.0250.[/tex]
Initial efficiency factor: 0.0245 (as per question)
[tex]\text{Percentage changes}=\dfrac{\text{New multifactor productivity-Previous multifactor productivity}}{\text{Original multifactor productivity}}\\\\\text{Percentage changes}=\dfrac{0.2450-0.0194}{2.45}.\\\\\text{Percentage changes}=9.20\%.[/tex]
Hence, 9.20% is the percent change.
Learn more about multifactor, refer:
https://brainly.com/question/14437331?referrer=searchResults
Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1: Material $5 Labor 3 Overhead 2 $10 Beginning inventory at these costs on July 1 was 11,500 units. From July 1 to December 1, Convex produced 26,000 units. These units had a material cost of $7 per unit. The costs for labor and overhead were the same. Convex uses FIFO inventory accounting. a. Assuming that Convex sold 28,000 units during the last six months of the year at $14 each, what would gross profit be?
Answer:
Gross profit= $79,000
Explanation:
Giving the following information:
July 1, 20X1:
Material $5
Labor 3
Overhead 2
Total= $10
Beginning inventory at these costs on July 1 was 11,500 units.
From July 1 to December 1, Convex produced 26,000 units.
These units had a material cost of $7 per unit.
First, we need to determine the cost of goods sold. Under the FIFO (first-in, first-out) method, the COGS is calculated using the cost of the first units produces.
COGS= 11,500*10 + 16,500*12= $313,000
Now, we can calculate the gross profit:
Gross profit= sales - cogs
Gross profit= 28,000*14 - 313,000
Gross profit= $79,000
Strength and weakness of each open/flexible business organization forms
Answer:
The overview of the discussion is mentioned throughout the clarification segment elsewhere here.
Explanation:
There have been lesser supervisors because they can improve the efficiency and effectiveness of service, which tends to increase business income. It has a broader spectrum of influence, making it more difficult to track and handle employees. It has a vague direction to pursue, and workers have uncertain responsibilities that find it difficult to attract staff.Employees would have a much wider workplace satisfaction thanks to their educational and welcoming atmosphere.