Answer:
$117,850.71
Explanation:
the loan = $168,500 x 70% = $117,950
assuming that no payment has been made yet, the interest portion of the monthly payment = $117,950 x 5.25% x 1/12 = $516.03
the loan's principal will decrease by = $651.32 - $516.03 = $99.29
the loan's principal balance after the first payment = $117,950 - $99.29 = $117,850.71
How does increased competition through FDI in the form of greenfield investments affect the host country
Answer: It drives down prices and increases the economic welfare of consumers.
Explanation:
Greenfield investment is a form of Foreign Direct Investment where the investors build a facility/ies in the host nation from scratch as opposed to buying or leasing one.
With increased competition from greenfield investments, consumers would be better off because there will be more quantity of the relevant good available in the market. This will lead to the prices falling and consumers being able to afford more of the good at higher qualities.
Which phrase defines complimentary goods
Tidy Limited purchased a new van on January 1, 2018. The van cost $36,000. It has an estimated life of six years and the estimated residual value is $3,600. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2019
Answer:
$18,002.88
Explanation:
Depreciation Expense = 2 × SLDP × BVSLDP
Where,
SLDP = 100 ÷ Number of useful life
Therefore,
SLDP = 100 ÷ 6
= 16.67 %
2018
Depreciation Expense = 2 × 16.67 % × ($36,000 - $3,600)
= $10,802.16
2019
Depreciation Expense = 2 × 16.67 % × ($36,000 - $3,600 - $10,802.16)
= $7,200.72
Accumulated Depreciation at the end of 2019 :
Accumulated Depreciation = $10,802.16 + $7,200.72
= $18,002.88
Describe business transaction that will do the following.
a. Increase an asset and increase liability
b. Decrease an asset end decrease liability
c. Decrease an asset and it-crease an expense
d. Increase an asset and increase owner's equity
e. Increase an asset end decrease an asset
f. It-crease an asset and increase revenue
Answer:
a. Increase an asset and increase liability - BUYING INVENTORY ON ACCOUNT.
Buying inventory on account would have the effect of increasing inventory(asset) whilst increasing Payables (liability) as well.
b. Decrease an asset and decrease liability . - PAYING FOR INVENTORY PURCHASED ON ACCOUNT.
When the company pays the vendor it bought goods from on account, this would reduce cash (asset) whilst reducing payables (liabilities) as well.
c. Decrease an asset and increase an expense . - PAYING FOR ADVETISING.
Paying for advertising would decrease cash (asset) whilst increasing the Advertising expense.
d. Increase an asset and increase owner's equity . - SELLING SHARES.
Selling shares would increase the cash (assets) in the business as people will pay for the shares while at the same time increasing the equity in the business as well.
e. Increase an asset and decrease an asset . - RECEIVABLES PAYING FOR GOODS BOUGHT ON ACCOUNT.
When debtors (receivables) pay off the balance of the goods they purchased from the company on account this would increase the cash (asset) in the business while at the same time reducing the Accounts receivables (also asset) in the company.
f. Increase an asset and increase revenue. - SALE OF GOODS.
Selling goods would either increase the cash (asset) or the Accounts receivable (asset) in a company while also increasing the sales (revenue) of the company as well.
"The Boyle Company estimated that April sales would be 10,000 units with an average selling price of $2.00. Actual sales for April were 8,000 units and average selling price was $2.10. The sales volume variance was:"
Answer:
-$4,000 unfavourable
Explanation:
The sales volume variance is calculated as ;
= (Actual sales units - Estimated sales units) × Estimated selling price.
Given that;
Actual sales units = 8,000
Estimated sales units = 10,000 units
Estimates selling price = $2 per unit
Therefore,
Sales volume variance = (8,000 - 10,000) × $2
Sales volume variance = -$4,000 unfavourable
Suppose that the Federal Reserve has set the required reserve ratio at 0.20 (that is, 20%). Second Republic Bank currently has $150,000 in checkable deposits and $45,000 in outstanding loans. How much money is Second Republic Bank required to hold in reserve in this case
Answer:
Reserves = $105,000
Required reserve = $30,000
Excess reserve = $75,000
Explanation:
Given:
Required reserve ratio = 0.20
Check able deposit = $150,000
Outstanding loans = $45,000
Computation:
Reserves = Check able deposit - Outstanding loan
Reserves = $150,000 - $45,000
Reserves = $105,000
Required reserve = Check able deposit[Required reserve ratio]
Required reserve = $150,000[0.20]
Required reserve = $30,000
Excess reserve = Reserves - Required reserve
Excess reserve = $105,000 - $30,000
Excess reserve = $75,000
Variable costs for Abbey, Inc. are 25% of sales. Its selling price is $100 per unit. If Abbey sells one unit more than break-even units, how much will profit increase
Answer:
the increase in profit is $75
Explanation:
The computation of the increase in profit is shown below:
= Selling price per unit - variable cost per unit
= $100 - 25% of $100
= $100 - $25
= $75
hence, the increase in profit is $75
We simply applied the above formula so that the correct value could come
And, the same is to be considered
By dividing the variable cost from the selling price the increase in profit could come
Why are craftsman likely to produce fewer goods than modern manufacturers produce?
They do less intensive labor than manufacturing.
They are not organized into uniorhs
They are considered unskilled laborers.
They do more intensive labor than manufacturing
NEXT QUESTION
ASK FOR HELP
Answer:
They do more intensive labor than manufacturing.
Explanation:
Answer:
I see you copy and pasting from ignitia
Explanation:
that something unique your business should have which other business do not have
Answer:
find a trust ful patner
trying to make unique and helpful things
making things by using natural ingredients like in toothpaste, soap,shampooetc which make other attractive towars our business and sefty to other people
A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
Answer:
It will take approximately 78 quarters until the account balance is $0.
Explanation:
This can be calculated using the following formula:
n = log(p / (p - A(q - 1))) / log(q) .................... (1)
Where;
n= Number of quarters it will take until the account balance is $0 = ?
A = Amount used to establish the annuity = $250,000
p = quarterly payment = $5,000
q = 1 + (Annual interest rate / Number of quarters in a year) = 1 + (5% / 4) = 1.0125
Substituting the values into equation (1), we have:
n = log(5000 / (5000 - (250000*(1.0125 - 1)))) / log(1.0125)
n = log(5000 / (5000 - (250000 * 0.0125))) / log(1.0125)
n = log(5000 / (5000 - 3125)) / log(1.0125)
n = log(5000 / 1875) / log(1.0125)
n = log(2.66666666666667) / log(1.0125)
n = 0.425968732272282 / 0.00539503188670614
n = 78.955739505805
Rounding to the nearest quarters, we have:
n = 78. This because the quartely payment is less than $5000 at the end of the 79th quarter.
Therefore, it will take approximately 78 quarters until the account balance is $0.
The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,050 units. The budgeted production units for July are:
Answer: 4,375 units
Explanation:
The budgeted production for July will be;
= July sales + Ending inventory - Beginning inventory
Ending inventory = 25% * August sales =25% * 4,900 = 1,225
Budgeted production = 4,200 + 1,225 - 1050 = 4,375 units
Merchandise sold FOB destination indicates that: Multiple Choice The seller transfers title to the buyer once the merchandise is shipped. The merchandise has not yet been shipped. The seller holds title until the merchandise is received at the buyer's location. The merchandise will not be shipped until payment has been received.
Answer:
The seller transfers title to the buyer once the merchandise is shipped
Explanation:
Free onboard shipping point refers to a practice where the buyer of a product takes responsibility of the good once it is shipped by the seller.
So when the supplier ships a product he can record a sale because the ownership of the good has been shifted to the seller abd he will be paid for services rendered.
The buyer will record an increase in his inventory at this point and make provision for risk of shipping along with shipping cost.
Evidence that a source is authoritative includes
a.
An email address to ask further questions about information in the source
c.
No verbiage used which could identify bias about the information provided
b.
A date regarding when the source was written
d.
Logical structure of the information provided so that it is easily read and understood
Please select the best answer from the choices provided
A
B
C
D
Answer:
A is correct
Explanation:
its right
Answer:
a
Explanation:
edge2020
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,500 units) $ 263,500 $ 31.00 Variable expenses 161,500 19.00 Contribution margin 102,000 $ 12.00 Fixed expenses 55,200 Net operating income $ 46,800 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 7,500 units?
Answer and Explanation:
The calculation of the revised net operating income per month in the following cases:
1. The sales volume increases by 50 units.
Sales revenue (8,550 units × $31) $265,050
Less: Variable expenses (8,550 units × $19) $162,450
Contribution margin $102,600
Less: Fixed expenses $55,200
Net operating income $47,400
2. The sales volume decreases by 50 units.
Sales revenue (8,450 units × $31) $261,950
Less: Variable expenses (8,450units × $19) $160,550
Contribution margin $101,400
Less: Fixed expenses $55,200
Net operating income $46,200
3. The sales volume is 7,500 units.
Sales revenue (7,500 units × $31) $232,500
Less: Variable expenses (7,500 units × $19) $142,500
Contribution margin $90,000
Less: Fixed expenses $55,200
Net operating income $34,800
Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchased for $17,000 and the adjusted basis was $1,500 at the time of the accident. The taxi was repaired at a cost of $2,750 and insurance reimbursed Don $730 of this cost. What is the amount of Don's casualty loss deduction
Answer:Don's casualty loss deduction=$ 770
Explanation:
A Casualty loss is an unexpected or sudden financial loss that occurred as a result of damage or loss of property. It will be calculated as follows
Adjusted basis at the time of accident $1,500
Repair cost on account of accident $2,750
Amount of casualty loss before the adjustments $ 1,500
( which is the Lessor of $ 1,500 and $ 2,750)
Deduct :
Reimbursements gotten from insurance $ 730
Don's casualty loss deduction = $ 1,500 - $ 730 = $ 770
5-1 FUTURE VALUE If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years
Answer:
FV= $16,105.1
Explanation:
Giving the following information:
Present value (PV)= $10,000
Interest rate (i)= 10% = 0.10
Number of periods (n)= 5 years
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 10,000*(1.1^5)
FV= $16,105.1
The procedure of finding the present values of cash flows expected in the future using the time value concept is called
a.
Money value
b.
Compounding
c.
Stock value
d.
Discounting
Suppose the Chief Financial Officer (CFO) of a company is interested in raising funds for a major investment by issuing bonds of varying maturity to investors. One of the longer-term bonds being issued can be purchased for $75,000.00 per bond and pays $7,125.00 annually to the investor. What is the anual interest rate on this bond
Answer:
9.5%
Explanation:
Interest rate on the bond = Annual payment on thr bonds / Cost of the bonds * 100
Interest rate on the bond = 7.125 / 75,000 * 100
Interest rate on the bond = 0.095 * 100
Interest rate on the bond = 9.5%
Thus, the annual interest rate on the bond is 9.5%
A storage tank acquired at the beginning of the fiscal year at a cost of $90,000 has an estimated residual value of $12,000 and an estimated useful life of 25 years. a. Determine the amount of annual depreciation by the straight-line method. $fill in the blank 1 b. Determine the amount of depreciation for the first and second years computed by the double-declining-balance method.
Answer:
a) The amount of annual depreciation by straight-line method = Cost of the asset - Salvage Value / Number of years in useful life
= ($90,000 - $12,000) / 25 years
= $78,000 / 25 years
= $3,120
Thus, the amount of depreciation under straight-line method is $3,120.
b) Depreciation for first year under double declining balance method = Cost of the asset / Number of years in useful life * 2
= $90,000 / 25 years * 2
= $7,200
Thus, the amount of depreciation for the first year under double declining balance method is $7,200.
Depreciation for second year under double declining balance method = Cost of the asset - First year depreciation / number of years in useful life * 2
= $90,000 - $7,200 / 25 years * 2
= $6,624
Thus, the amount of depreciation for the second year under double declining balance method is $6,624.
Concord Corporation sells merchandise on account for $6300 to Windsor, Inc. with credit terms of 2/10, n/30. Windsor, Inc. returns $1500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
$6174
$4800
$4704
$6204
Answer:
$4704
Explanation:
The term 2/10, n/30 means that the buyer will get a 2% discount on the invoice amount if they make full payment with the first 10 days from the invoice date. If not, the full invoice amount is due in 30 days.
The buyer bought goods worth $6300 but made returns of $1500. the net purchases were
=$6300 - $ 1500
=$4,800
If the payment is made within the discount period(10 days), the check amount will be less 2% discount.
i.e. the payment will be 98% of net purchases
=98/100 x $4800
=0.98 x $4800
=$4,704
You want employees to know that they can talk to retirement planning
Answer:
well I don't want any employees haha but yes the retirement of the employees should be grand with a farewell party
A company purchased a delivery van for $18,200 with a salvage value of $2,200 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1
Answer:
$1,066.67
Explanation:
Using straight line method, depreciation expense is constant throughout the life of an asset.
Depreciation is calculated as seen below;
Depreciation = Cost of asset - Residual value
= $18,200 - $2,200
= $16,000
Depreciation rate = 1/5 × 100
= 20 percent
Depreciation per year = 20/100 × 16,000
= $3,200
During the year 1, the van operated for four months (Sept, Oct, Nov and Dec)
Depreciation for the four months = 4/12 × 3,200
= $1,066
Do you know the answer?
Answer:
yes I do know the answer
Computer equipment was acquired at the beginning of the year at a cost of $70,700 that has an estimated residual value of $4,200 and an estimated useful life of 5 years. a. Determine the depreciable cost. $fill in the blank 1 b. Determine the straight-line rate. fill in the blank 2 % c. Determine the annual straight-line depreciation. $fill in the blank 3
Answer:
a, The depreciable cost when using the straight line method is;
= Cost of asset - Residual value
= 70,700 - 4,200
= $66,500
b. As the rate is uniform over the life of the asset, the rate is 100% divided by the life of the asset.
= 100%/5
= 20%
c. Annual depreciation will therefore be;
= Depreciation rate * depreciable cost
= 20% * 66,500
= $13,300
You are the HR manager for a fifty-person firm that specializes in the development and marketing of plastics technologies. When you were hired, you felt the company had little idea what you should be paid and just made up a number, which you were able to negotiate to a slightly higher salary. While you have been on the job for three months, you have noticed a few concerning things in the area of multiculturalism, besides the way your salary was offered. The following are some of those items:
1.You know that some of the sales team, including the sales manager, get together once a month to have drinks at a strip club.
2. A Hispanic worker left the organization, and in his exit interview, he complained of not seeing a path toward promotion.
3.The only room available for breast-feeding mothers is the women’s restroom.
4.The organization has a policy of offering $200 to any employee who refers a friend, as long as the friend is hired and stays at least six months.
5.The manufacturing floor has an English-only policy.
6.You have heard managers refer to those wearing turbans in a derogatory way.
Questions
1. What do you think needs to be done to create a more inclusive environment, without losing the culture of the company?
2?What suggestions would you make to those involved in each of the situations?
Answer:
read the paragraph and get the answer
Alex wrote the sentence: The big dog was really fat. He ate a lot. Why does Alex need a thesaurus? a. The sentences begin with the same word c. The sentences lack creativity b. Many words are repeated d. None of these
Answer:C
Explanation:
The sentences lack creativity does Alex need a thesaurus. Hence, option C is correct.
What is lack creativity?The main causes of a lack of creativity are typically overwhelm, the wrong approach, or overwhelming input. It's a straightforward problem to fix. Years ago, I struggled with writer's block. I wanted to create a book, but I was at a loss for good topics.
A lack of creativity or imagination as a trait. dullness, lack of creativity, unoriginality, and commonplaceness.
One of the reasons people don't feel motivated is because they believe innovation is a zero-sum game. They believe, "Never could I accomplish it! That is something I could never come up with as great! "when they notice somebody like Steve Jobs in the news or Einstein in the history books.
Thus, option C is correct.
For more information about lack creativity, click here:
https://brainly.com/question/12610119
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The senior management of a firm is undecided about the number of employees needed for its new project. To advise the executives, a human resource specialist uses a computer system to estimate how long teams of three different sizes will take to complete the project, assuming the project is of either low, average, or high difficulty. The type of system appropriate for this case is a(n)
Answer:
Decision support system
Explanation:
The decision support system is a system that support the business decisions. It mainly works for reviewing the data of the business in that way where the user could access it and make the decisions accordingly.
In the given situation since it is mentioned how much team is required for project completion so this represent the decision support system
On June 1, Oriole Company Ltd. borrows $100,000 from Acme Bank on a 6-month, $100,000, 6% note. The note matures on December 1. Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Journal Entry :
Bank $100,000 (debit)
Note Payable : Acme Bank (credit)
Explanation:
In Oriole Company Ltd books the following entries must be made :
The assets of cash should be increase (debit) at the same time, the liabilities arising on the Note Payable must also increase (credit).
Would you rather be a detective or a pilot?
Answer:
I'll rather be pilot so I could have free flights
isk Co. purchases raw materials on account. Budgeted purchase amounts are April, $96,000; May, $126,000; and June, $136,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $38,000. Prepare a schedule of budgeted cash payments for April, May, and June.
Answer:
Given that Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase, therefore, firstly we need to differentiate the total amount of purchases of each month into 70% and 30%. 70% of the purchases will be paid in current month and balance 30% of the purchases will be ending accounts payable for that month and paid in next month. This is shown as follows:
Particulars April May June
Current month purchases 70% $67,200 $88,200 $95,200
Ending accounts payable 30% $28,800 $37,800 $40,800
Total purchases $96,000 $126,000 $136,000
The schedule of budgeted cash payments for the month of April May and June are shown as follows:-
Schedule of Cash Payments
For April, May, and June
April May June
Cash payments for:
Current month purchases $67,200 $88,200 $95,200
Prior month purchases $38,000 $28,800 $37,800
Budgeted cash payments for materials $105,200 $117,000 $133,000