Answer:
B. Free enterprise and voluntary exchange
Explanation:
If I had to take I guess I would choose free enterprise tbh
Question 17 of 25
In the business cycle, which term best fits the labeled point on the graph?
Production output
Time
Answer: Trough
Explanation:
Just took the test
In the business cycle, trough best fits the labeled point on the graph. Therefore, option (B) is correct.
A business cycle is a recurring pattern of economic expansion and contraction, characterized by fluctuations in gross domestic product (GDP), employment, and other economic indicators. The cycle is marked by four distinct phases: expansion, peak, contraction, and trough. During the expansion phase, the economy is growing, unemployment rates are low, and consumer spending is strong.
At the peak, economic growth begins to slow, and employment levels may start to decline. During the contraction phase, the economy is in decline, with falling GDP, rising unemployment, and decreasing consumer spending. The trough marks the end of the contraction phase, and is characterized by the economy's lowest point before it begins to recover and enter the expansion phase once again. The business cycle is influenced by a variety of factors, including government policy, natural disasters, and global economic conditions.
Learn more about business cycle, here:
https://brainly.com/question/30167425
#SPJ7
which of the following jobs function check accounting in the ledger and financial statements?
Answer:
Audit is the one who check .....
Name 4 main parts of a business plan.
Splish Brothers Inc. reported net income of $194,800 for 2022. Splish Brothers also reported depreciation expense of $47,700 and a loss of $5,900 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $16,700 for the year, a $18,700 increase in accounts payable, and a $3,000 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method.
Answer:
Operating activities section of the statement of cash flows for 2022
Net Income $194,800
Adjustment for non cash items :
Depreciation $47,700
Loss on disposal $5,900
Adjustments for changes in working capital :
Increase in accounts receivable ($16,700)
Increase in accounts payable $3,000
Net Cash Provided by Operating Activities $234,700
Explanation:
Operating activities section of the statement of cash flows reconciles the Net Income to Operating Cashflow when the indirect method is used as shown above.
List four natural resources that you think would go into the production of the following products
Answer:
sorry I think u got yr question incomplete..
Explanation:
Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well.
stay safe healthy and happy.Marigold Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 96000 subscriptions in January at $20 each. What entry is made in January to record the sale of the subscriptions
Answer:
Dr Cash $1,920,000
Cr Unearned Subscription Revenue $1,920,000
Explanation:
Since The magazine sells 96,000 subscriptions in January at the amount of $20 each which means that the appropriate journal entry that made in January to record the sale of the subscriptions will be
Dr Cash $1,920,000
Cr Unearned Subscription Revenue $1,920,000
(96000*$20)
(To record the sale of the subscriptions)
Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to choose): 1. $8,750 a year at the end of each of the next seven years 2. $48,750 (lump sum) now 3. $99,350 (lump sum) seven years from now Calculate the present value of each scenario using a 6% interest rate. Which scenario yields the highest present value
Answer:
The most profitable option is the third one.
Explanation:
Escenario 1:
$8,750 a year at the end of each of the next seven years
First, we need to calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {8,750*[(1.06^7) - 1]} / 0.06
FV= $73,446.08
Now, the present value:
PV= FV / (1 + i)^n
PV= 73,446.08 / 1.06^7
PV= $48,845.78
Escenario 2:
Lump-sum= $48,750
Escenario 3:
$99,350 (lump sum) seven years from now
PV= 99,350 / 1.06^7
PV= $66,073.42
The most profitable option is the third one.
On November 10 of the current year, Flores Mills sold carpet to a customer for $7,700 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date
Answer:
Flores Mills:
The correct entry for Flores on November 17 using the gross method of accounting for sales discounts is as follows:
Journal Entry
November 17:
Debit Cash $7,546
Debit Cash Discounts $154
Credit Accounts Receivable $7,700
To record the receipt of cash from a customer on account, including 2% discounts allowed for payment within 10 days.
Explanation:
a) Data and Analysis:
November 10: Accounts Receivable $7,700 Sales Revenue $7,700
with credit terms 2/10, n/30.
November 17: Cash $7,546 Cash Discounts $154 Accounts Receivable $7,700
You are attempting to price a 25 year annuity due for your insurance company. Payments of $3,500 for this annuity due start at the beginning of each year. The investment team at your company guarantees a return of 8%. What is the lowest price your company should offer?
Answer:
The lowest price = $40,350.65
Explanation:
The lowest price my company should offer is the present value of the annuity discount at the return of 8%.
This will be done using the formula below
PV = A × 1- (1+r)^-n /r
A= 3,500, r= 0,08, n = 24
PV = 3,500× (1-1.08^-24/0.08)
PV = 3,500×10.52875= 36,850.65
Total PV = 3,500 + 36.850.653=40,350.65
The lowest price = $40,350.65
We use 24 years because the first payment occurs at the beginning hence it is already discount
The Heath Corporation reported net income for 20X1 of $177,500. Heath began the year with 100,000 shares of $5 par value common shares outstanding and 2,500 shares of $100 par value 8% preferred shares outstanding. On October 1, Heath sold 10,000 shares of common stock for $6 per share. Heath paid dividends to the common shareholders in December. The weighted average number of common shares used to compute earnings per share for 20X1 is:
Answer:
107,500 shares
Explanation:
weighted average number of common shares = 100,000 shares + 10,000 shares x 3/12
= 107,500 shares
The weighted average number of common shares used to compute earnings per share for 20X1 is: 107,500 shares
Suppose the return on the market is expected to be 7%, a stock has a beta of 1.5, and T-bill rate is 3%. The SML would predict an expected return on the stocks of 9%. If you believe the stock will provide instead a return 11%. Its implied alpha is
Answer:
2%.
Explanation:
Calculation of the alpha of the stock
Implied Alpha Formula = Actual return - Expected return as per CAPM
Implied Alpha = 11% - 9%
Implied Alpha = 2%
Since you believe the stock will provide instead a return 11%, its implied alpha will be 2%.
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. Statement Consumer Surplus Producer Surplus Neither Even though I was willing to pay up to $73 for a watch, I bought a watch for only $65. I paid $53 for a jersey sweater last week. This week, the same store is selling sweaters for $43. I sold a used textbook for $45, even though I was willing to go as low as $36 in order to sell it.
Answer:
I was willing to pay up to $73 for a watch, I bought a watch for only $65. consumer surplus
Neither - I paid $53 for a jersey sweater last week. This week, the same store is selling sweaters for $43.
I sold a used textbook for $45, even though I was willing to go as low as $36 in order to sell it. producer surplus
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
the consumer surplus for the individual buying the watch = $73 - $65 = $8
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
the producer surplus for the textbook seller = $45 - $36 = $9
the jersey purchase statement represent neither consumer or producer surplus because the willingness to pay and the highest amount the seller would be willing to sell was not indicated
Producer surplus = price – least price the seller is willing to accept
Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufacturer of refrigerators. Eastinghouse said it would take some time to quote a price on an order of that size. Courts replied, "Send the refrigerators immediately and bill us later." The refrigerators were delivered three days later, and the invoice arrived ten days after that. The invoice price was $140,000. Courts believe that the wholesale market price of the refrigerators is only $120,000. Do the parties have a contract? If so, what is the price? Explain.
Answer:
Courts Distributors and Eastinghouse Corporation
Dispute over Contract Price
The two parties have a legal contract. The contract was established when Courts requested Eastinghouse to send the refrigerators and bill later.
The exact price for the contract is in dispute. This dispute can be resolved between the parties. Reference to the market price will help resolve the dispute, otherwise, the parties may seek alternative dispute resolutions, like litigation, mediation, or arbitration.
Explanation:
a) Data and Analysis:
Eastinghouse's invoice price for the refrigerators = $140,000
Courts' adopted market price = $120,000
b) Since Courts' reference to the price is with regard to the wholesale market price, it may be that Eastinghouse quoted the retail price instead. Since Courts is a distributor, it has the right to be charged a wholesaler's price and not a retailer's. Therefore, we can conclude that after due reference to the prevailing market price of similar refrigerators, the two parties may agree to a price of $120,000 or a little higher.
Sheridan Company has a materials price standard of $2.00 per pound. 5700 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5700 pounds, although the standard quantity allowed for the output was 5200 pounds. Sheridan Company's materials quantity variance is
Answer:
$1,000 Unfavorable
Explanation:
Calculation to determine what Sheridan Company's materials quantity variance is
Using this formula
Direct Material Price Variance = (Standard quantity allowed - Actual quantity of materials) * materials price standard
Let plug in the formula
Direct Material Price Variance=(5200 pounds-5700 pounds)*$2.00 per pound
Direct Material Price Variance=-500 pound*$2.00 per pound
Direct Material Price Variance=-$1,000
Unfavorable
Therefore Sheridan Company's materials quantity variance is $1,000
Unfavorable
On December 1, 2020, Swifty Corporation purchased a tract of land as a factory site for $770000. The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December 2020 were as follows: Cost to raze old building $69000 Legal fees for purchase contract and to record ownership 9900 Title guarantee insurance 16400 Proceeds from sale of salvaged materials 6900 In Swifty's December 31, 2020 balance sheet, what amount should be reported as land
Answer:
the amount reported as land is $858,400
Explanation:
The computation of the amount reported as land is shown below;
= Purchase cost + raze old building cost + ownership cost + title guarantee cost - Proceeds from sale of salvaged materials
= $770,000 + $69,000 + $9,900 + $16,400 - $6,900
= $858,400
hence, the amount reported as land is $858,400
The same would be considered
Olenka Corporation hires 13 individuals on March 12, 2020, all of whom qualify for the work opportunity credit. Nine of these individuals receive wages of $16,500 during 2020, and each individual works more than 400 hours during the year. The remaining four employees worked 100 hours and earned $2,100 during the year. a. Calculate the amount of Olenka's work opportunity credit. $fill in the blank 1 b. If Olenka pays total wages of $312,000 to its employees during the year, how much of this amount can Olenka deduct, 2020, assuming the work opportunity credit is taken
Answer:
a. $21,600
b. $290,400
Explanation:
a. The amount of work opportunity credit that can be claimed is subject to a limit of $6,000. 40% can be claimed for those who work 400 hours and above and none can be claimed for those who worked fewer than 120 hours.
= 9 employees * 6,000 limit * 40%
= $21,600
b. Deductible amount is:
= Total wages - Work opportunity tax credit
= 312,000 - 21,600
= $290,400
Brian has been recently promoted to the position of CEO at a large company that produces a wide variety of consumer goods. Brian formerly served as the Vice President of Sales at this same company. At his sales position, Brian observed that successful employees tended to have an optimistic disposition. They were not often critical and tended to view even challenging circumstances in a positive way. In the previous position, Brian tried to hire and promote people who have this disposition. As CEO, he plans to use the same approach across the company. Since the personality traits of the company's employees have never before been measured, Brian's first step will be to administer a personality test to all employees. After that, all hiring and promotion decisions will need to take the employee's disposition into account. Which of the following is assumed by Brian's plan?
a. The employees who are in leadership positions across the company are likely to have optimistic dispositions.
b. No other personality traits are likely to lead to success at the company.
c. Personality traits that are associated with success in one situation are likely to lead to success in other situations.
d. Every successful employee in the Sales Department has an optimistic disposition.
e. Efforts to reward people with specific personality types will not be met with much opposition from those with different personality types.
Answer: C. Personality traits that are associated with success in one situation are likely to lead to success in other situations.
Explanation:
Personality traits shows the thoughts, behaviors and feelings of people. The main personality traits are extraversion, openness, agreeableness, conscientiousness, and neuroticism
Based in the information given in the question, Brian assumes that the personality traits that are associated with success in one situation are likely to lead to success in other situations. This is because personality traits are typically consistent and playing a vital role in the success of an individual.
Taylor Company neglected to amortize the discount on outstanding ten-year bonds payable. What is the effect of the failure to record discount amortization on interest expense and bond carrying value, respectively
Answer:
Taylor Company
The negligence to amortize the discount on outstanding ten-year bonds payable is the understatement of interest expense for each year. This means that the interest expense will be the same for each year instead of increasing by the amortized discount amount. The same applies to the bond carrying value, which will remain the same throughout the period.
Explanation:
The discount on bonds payable is an additional interest expense, which is written off yearly over the bonds' maturity period through amortization. It increases the amount of the periodic interest payment by the amortized discount.
Selecting a Bank. Julie wants to open a bank account with $75. Julie estimates that she will write 20 checks per month and use her ATM card at the home bank. She will maintain a $200 bal-ance. Which bank should Julie choose
Answer:
holaaaaaaAAAAAA
Explanation:
jhhrjtffgtfffgyuuuuiuiii
What is an advantage of using Excel’s built-in templates to create invoices?
a The setting and data heading are already made and the data just needs to be inserted.
b A built-in template cannot be modified in any way, so the file’s look will be consistent.
c Only one invoice template is available, so it will be easy to learn how to use a template.
d Templates take a lot of time to set up initially, but then they save time for future applications.
Answer:
A. The setting and data heading are already made and the data just needs to be inserted.
Explanation:
here's your answer..
Suppose that Under Armor and Nike are the sole producers of a particularly comfortable athletic shoe. The two firms currently charge the same price for their products. If neither firm reduces the price of its particularly comfortable athletic shoe, each firm earns $30 million in profit. If both firms reduce their prices, then each firm will earn $8 million in profit. If one firm reduces its price and the other does not, then the firm that reduces price will earn a profit of $70 million while the other firm will earn a profit of $2 million. Assuming that collusion is not a possibility, the Nash equilibrium occurs when ____________
a. Nike will reduce its price and Under Armor will maintain its current price
b. both firms will reduce their price.
c. Under Armor will reduce its price and Nike will maintain its current price
d. both firms will maintain their current price.
Answer:
b. both firms will reduce their price.
Explanation:
The Nash equilibrium is a decision-making theorem that lies inside the game theory where the player could attain the expected result by not deviating to the beginning strategy. In this, the strategy of the each player is optimal at the time when the other player decisions are relevant
So as per the given situation, both the firm should decrease their price
hence the option b is correct
The internal rate of return for a project will increase if: the initial cost of the project can be reduced. the total amount of the cash inflows is reduced. each cash inflow is moved such that it occurs one year later than originally projected. the required rate of return is reduced. the discount rate is increased.
Answer:
the initial cost of the project can be reduced
Explanation:
As we know that the internal rate of return is the return where the net present value comes to zero or we can say that the initial investment would be equivalent to the present value of annual cash inflows
In the case when the internal rate of return is rise up so the initial investment or initial cost would be decreased
Therefore the first option is correct
Financial institutions act as intermediaries between suppliers and demanders of funds. They accept savers' deposits and invest them in such things as business loans or mortgages. This process is called:_____
Answer:
The correct answer is: Intermediation.
Explanation:
To begin with, in the financial and business field the process in where the financial institutions act in the middle of money's lenders and money's borrowers is known basically as intermediation. This term consists of the simple action of matching those who needs money with those who are willing to lend money in order to obtain a profit from that lending. Therefore that when the banks, for example, accept the money of people who are saving it decides to use that money to put it in circulation in another activity in the economy in order to make the money grow.
You have just retired with savings of $2 million. If you expect to live for 57 years and to earn 7% a year on your savings, how much can you afford to spend each year (in $ dollars)
Answer:
Annual withdraw= $143,023.66
Explanation:
Giving the following information:
Present value (PV)= $2,000,000
Number of periods (n)= 57
Interest rate (i)= 7% a year
To calculate the annual withdrawal, we need to use the following formula:
Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]
Annual withdraw= (2,000,000*0.07) / [1 - (1.07^-57)]
Annual withdraw= $143,023.66
3. An investor shorts 100 shares when the share price is $20 and closes out the position six months later when the share price is $18.2. The shares pay a dividend of $0.2 per share during the six months. How much does the investor gain or lose (losses are indicated by a negative sign and profits by a plus sign)
Answer:
$160
Explanation:
Calculation to determine How much does the investor gain or lose
Investor gain =[($20-$18.2)*100 Shares]- ($0.2*100 shares)
Investor gain=($1.8*100 shares)-($0.2*100 shares)
Investor gain=$180-$20
Investor gain=$160
Therefore The amount that the investor gain is $160
Diehl Corporation manufactures a variety of parts for use in its product. The company has always produced all of the necessary parts for its product, including all of the electronic circuits. The company sells 16,000 units of its product per year. An outside supplier has offered to sell electronic circuits to the company for a cost of $35 per unit. To evaluate this offer, the company has gathered the following information relating to its own cost of producing the electronic circuits internally:
Per Unit 16,00 Unit per Year
Direct materials $16 $256,000
Direct labor 12 192,000
Variable manufacturing overhead 3 48,000
Fixed manufacturing overhead, traceable 3* 48,000
Fixed manufacturing overhead, allocated 6 96,000
Total cost $40 $640,000
One-third supervisory salary, two-thirds depreciation of special equipment (no resale value).
Suppose that if BuyorM-1509 purchases the electronic circuits, the division supervisor position could be eliminated. Fixed manufacturing overhead will be allocated to other products made by the company. Also, the company could use the freed production capacity to launch a new product. The segment margin of the new product would be $210,000 per year. How much would be the financial advantage of buying 21,000 electronic circuits from the outside supplier?
a. $80,000.
b. $132,000.
c. $112,000.
d. $96,000.
Answer: $112000
Explanation:
The financial advantage of buying 21,000 electronic circuits from the outside supplier will be:
Previous cost = $640000
Less: Purchases 16000×35 = $560000
Add: Additional benefit = $16000
Less: Fixed cost = $96000
Less: Depreciation = 2/3 × $48000 = $32000
Financial advantage = $112000
Bill thought he had received the best deal on his new car. Shortly after the purchase, Bill started to notice certain disadvantages of his new car as he learned more about other cars available. Bill is experiencing ________.a. postpurchase cultureb. selective perceptionc. information evaluationd. postpurchase cognitive dissonancee. purchase decision
Answer:
cognitive dissonance
Explanation:
Cognitive dissonance defines the situation where it includes the attitudes i.e. conflicted, behaviors, etc. It generated the mental discomfort feeling that would result in change in the attitude, belief, etc in order to decreased the discomfort also at the same time it would restore the balance
Therefore as per the given situation, it is cognitive dissonance
Sarah began a list of the additional equipment she would need to run the food truck for her company, The Modern Bite. She would need a cash register system to make transactions, cooling racks, a car to shuttle ingredients over to the truck as needed and new aprons. Which of the following assets is NOT depreciable?
a. Car
b. Cooling racks
c. Cash register system
Answer: Apron
Explanation:
The options you gave aren't complete. The options are:
a. Car
b. Cooling racks
c. Cash register system
d. Apron
Depreciation is the reduction in the value of an asset due to usage. Depreciation represents the amount of the value of an asset that has been used up.
In this case, the car, cooling racks and cash register system are all depreciable assets. He apron isn't depreciable. Therefore, the answer is apron.
Firms in an oligopoly oftenQuestion 40 options:a) Have no control over the price of their product.b) operate without regard to the behavior of competing firms.c) face perfectly elastic demand curves.d) make decisions based on the behavior or expected behavior of their competitors.
Answer:
d) make decisions based on the behavior or expected behavior of their competitors.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. It's a market that is typically controlled by many small firms.
III. Difficult entry to new firms.
Firms that are operating in an oligopoly often make their decisions based on the behavior or expected behavior of their competitors (rivals) in the same market.
Answer:
d) make decisions based on the behavior or expected behavior of their competitors.
Explanation:
Firms in an oligopoly often make decisions based on the behavior or expected behavior of their competitors.
On February 12, 2021, Forest Incorporated purchased the right to remove timber from a 30,000-acre tract of land over the next three years, and the company estimates no residual value. The timber is to be sold as lumber for new home construction. The cost of the timber rights was $285,000, with estimated salable timber feet of 950,000. During 2021 and 2022, Forest harvested and sold 820,000 feet of timber. What is the book value of the timber rights at the end of 2022, assuming the company uses the units-of-production method
Answer:
the book value is $39,000
Explanation:
The computation of the book value is shown below;
First the depletion cost per unit is
= $285,000 ÷ $950,000
= 0.30
Now the depletion expense is
= 0.30 × 820,000
= $246,000
Now the book value is
= $285,000 - $246,000
= $39,000
Hence the book value is $39,000