Answer: Primary bear market
Explanation:
A primary bear market is when the stock market has a downward movement of decline in price. Such decline in price usually takes place for about two months and above.
Also for a primary bear market, the price decrease is about twenty percent or more. This is typically caused by several economic ills like recession.
Louise purchased her primary residence for $240,000. As part of the closing procedure, she paid $2,300 in a loan origination fee, $750 to a lawyer to review the purchase contract and other closing papers, $150 for a property survey, and $800 for title insurance. She also gave the real estate agent a $75 gift basket in appreciation for his hard work. What is Louise's basis in the residence
Answer:
$241,700
Explanation:
Luoise's basis in her house = purchase price + any costs associated and necessary to complete the purchase process = $240,000 (price of the house) + $750 (lawyer's fees) + $150 (property survey) + $800 (title insurance) = $241,700
In order to determine a house's basis, you must assume that you are purchasing the house using cash, no fees directly related to a mortgage are included, nor gifts to real estate agents.
When a company prepares financial statements using standard costing, which items are reported at standard cost
Answer: Inventories and cost of goods sold.
Explanation:
Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.
The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.
Bellue Inc. manufactures a single product. Variable costing net operating income was $111,700 last year and its inventory decreased by 3,000 units. Fixed manufacturing overhead cost was $2 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year
Answer:
$105, 700
Explanation:
The cause of the difference between the Variable Costing Net Operating Income and Absorption Costing Net Operating Income is because of fixed costs absorbed in inventory using the absorption costing method.
We need to reconcile the Variable Costing Net Operating Income to Absorption Costing Net Operating Income.
Reconciling the Variable Costing Net Operating Income to Absorption Costing Net Operating Income
Variable costing net operating income $111,700
Fixed costs in Inventory decrease (3,000 × $2) ($6,000)
Absorption Costing Net Operating Income $105,700
Conclusion :
The absorption costing net operating income last year was $105, 700
In January 2019, • labor force participation in the United States was 62.3%. • official unemployment was 4.1%. • the proportion of short-term unemployment (14 weeks or less) in that month on average was 68.9%. • moderately long-term unemployment (15-26 weeks) was 12.7%. • very long-term unemployment (27 weeks or longer) was 18.4%. Based on these statistics, what proportion of the labor force was unemployed very long term in January 2019, to the nearest tenth of a percent?
Answer:
0.8
Explanation:
Proportion to labor force unemployed very long term = Unemployment rate * Very long unemployment
Official unemployment = 4.1%
Very long-term unemployment (27 weeks or longer) was 18.4%.
Proportion to labor force unemployed very long term = 4.1 * 18.4% = 4.1 * 0.184 = 0.7544 ≅ 0.8
So, based on these statistics, the proportion of the labor force for unemployed very long term in January 2019 is 0.8
According to modern growth theory, the key to economic growth is Group of answer choices a large pool of unskilled labor. skilled labor. institutions. paved roads. modern buildings.
Answer:
Skilled labor
Explanation:
As per the modern economic growth theory, the economic growth would be possible via expenditure done on research & development and have the knowledge regarding innovations so for this the skilled labor is required that helps in research & development and so for innovations
So as per the given statement, the skilled labor is the correct option
Hence, the same is to be considered
If there is a scarcity of supply in potatoes and many people want to buy, the prices is likely to be
Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The company's total variable selling and administrative expense was $60800, and fixed selling and administrative expense was $54020. The total fixed costs for the firm are
Answer:
$54,020
Explanation:
Total fixed costs = Fixed selling and administrative expenses
Total fixed costs = $54,020
Thus, the total fixed costs for the firm is $54,020
What are the two types of agencies and where do they receive their power and duties? a. International agencies receive their power directly from the president and Congress. Domestic agencies also receive delegated power and authority from the president and Congress. b. Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power as delegated from Congress. c. Economic agencies receive their power as delegated from the president and Congress. Independent agencies also receive their power as delegated from the president and Congress.
Answer: b. Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power as delegated from Congress.
Explanation:
There are two types of Administrative agencies in the United States: Executive and Independent.
Executive agencies are created by the Presidency and are therefore answerable to the president. They usually have a single leader who sits on the President's cabinet.
Independent agencies are created by an Act of Congress to manage complex areas of operation. They do not usually have a single leader but rather a board or commission with leaders that do not sit on the President's cabinet. An example is the Environmental Protection Agency(EPA).
Using the following information, compute the cost of direct materials used. Raw materials inventory, January 1$ 25000 Raw materials inventory, December 3155000 Work in process, January 127000 Work in process, December 3118000 Finished goods, January 160000 Finished goods, December 3148000 Raw materials purchases2000000 Direct labor890000 Factory utilities225000 Indirect labor75000 Factory depreciation500000 Operating expenses630000
Answer:
The cost of direct materials used is $1,970,000.
Explanation:
The cost of direct materials used can be computed using the following equation:
Cost of direct materials used = Raw materials inventory, January 1 + Raw materials purchases - Raw materials inventory, December 31 ............ (1)
Where;
Raw materials inventory, January 1 = $25000
Raw materials inventory, December 31 = $55000
Raw materials purchases = $2000000
Substituting the values into equation (1), we have:
Cost of direct materials used = $25000 + $2000000 - $55000 = $1,970,000
Therefore, the cost of direct materials used is $1,970,000.
How many jobs do retail sales support in the United States?
O 4 million
O 24 million
O 42 million
O 240 million
Answer:
Hey mate here's your answer ⤵️
42 million jobsThe retail sector continues to grow. Total retail sales (including motor vehicle and parts sealers) from 1 million retail establishments in the United States surpassed $5 trillion in 2017. The U.S. retail industry directly employs about 29 million people and supports more than 42 million jobs.
Hope it was helpfulllThe retail sales sector support 42 million jobs in the United States. Thus, the correct answer is option C.
What is retail sales?Retail sales are the sales of consumer goods, or final goods, by businesses to end users, and include both in-store and online sales. Products can be either durable (with a long expected shelf life) or perishable (such as groceries). Consumer goods include things like food, clothing, and furniture.
The retail industry is expanding. Total retail sales (including motor vehicle and parts sealers) from the United States 1 million retail establishments surpassed $5 trillion in 2017. The retail industry in the United States directly employs approximately 29 million people and supports over 42 million jobs.
Therefore, option C is correct.
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If the yen is selling at a premium relative to the euro in the forward market, is the forward price of EUR per JPY larger or smaller than the spot price of EUR per JPY?
Answer:
The forward price of EUR per JPY will be LARGER
Explanation:
Based on the information in a situation where yen is selling at a premium which is an additional amount charged in the forward market, it means that forward price of EUR per JPY which is the price that has been negotiated and agreed upon will be LARGER than the spot price of EUR/JPY which is the market current price to be traded on the spot.
Therefore The forward price of EUR per JPY will be LARGER.
Marigold Corp. constructed a building at a cost of $13600000. Weighted-average accumulated expenditures were $5700000, actual interest was $560000, and avoidable interest was $280000. If the salvage value is $1110000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is $326250. $319250. $347000. $461750.
Answer:
$121,750
Explanation:
Cost of the building = 13600000
Average accumulated expenses = 5700000
Actual interest = 560000
Avoidable interest = 280000
Salvage value = 1110000
Life in years = 40 years
Depreciation expenses for 1st full year = {(Average accumulated expenses + Avoidable interest) - Salvage value} / Life in years
Depreciation expenses for 1st full year = (5700000 + 280000 - 1110000) / 40
Depreciation expenses for 1st full year = 4870000 / 40 years
Depreciation expenses for 1st full year = $121,750
What is the prime reason that Jenny's discretionary income is more volatile than her salary?
A. Her cost of living is affected by high inflation in the neighborhood
B. Her tax rate remains 30%
C. Her mortgage payments and necessities are fixed
D. Her discretionary income and salary are equally volatile
Answer:
c. Her mortgage payments and necessities are fixed
Explanation:
Discretionary income is the remaining income after being paid out for all fixed expenses (i.e. Discretionary income = Salary - Mortgage - Income tax etc). The primary reason for variability in it is due to the mortgage payment and fixed expenses from the basic salary received.
So, option c is correct while other options are incorrect as tax does not affect as well as cost of living
Finding out how a product or service will do in a certain market is an example of this use of market research: identify if communications are effective identify if customer needs are being met identify threats and investigate the competition identify value lark this and retum Save and Exit Next
Answer:
identify value
Explanation:
Finding out how a product or service will do in a certain market is an example of this "IDENTIFY VALUE" market research. This will help the producers understand and know what the consumers want and the degree of value they placed on their products.
identify if communications are effective is used determine who the consumers are and the type of media preferred.
identify if consumer needs are being met is used to determine what customers like or dislike about a product or service.
identify threats and investigate the competition is used to determine changes in consumer preferences and competition
In 2020, Monty Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $976,000, and net cash provided by financing activities of $627,000. At January 1, 2020, the cash balance was $348,000. Compute December 31, 2020, cash. Cash, December 31, 2020
Answer:
Monty Corporation
Computation of Cash at December 31, 2020:
$485,000.
Explanation:
a) Data and Calculations:
Net cash provided by operating activities = $486,000
Net cash used by investing activities = (976,000)
Net cash provided by financing activities = $627,000
Net cash inflow = $ 137,000
January 1, 2020 Cash balance 348,000
December 31, 2020 Cash balance $485,000
b) The above implies that Monty made more (cash inflow) cash of $137,000 between January 1, 2020 and December 31, 2020. This is added to the January 1, 2020 cash balance to arrive at the December 31, 2020 cash balance.
Work with delivery teams that are implementing the solution to ensure the technology features are appropriate. Ensure alignment between technology deliverables of a solution and the business goals. Engage with decision-makers to identify the business goal and the capabilities that need improvement. Prepare the budget for the endeavor into the cloud.
Answer:
Note: The full question is attached as picture below
Cloud architects typically carry out 3 major tasks as listed below:
Task 1: Prepare the budget for the endeavor into the cloud.
Task 2: Configure and build the cloud environment for the company to ensure everything is setup as the design intended.
Task 3: Work with delivery teams that are implementing the solution to ensure the technology features are appropriate.
Other options are wrong because
- Ensuring alignment between technology deliverable of a solution and the business goals - This is the goal of a project manager or a solution architect.
- Engage with decision-makers to identify the business goal and the capabilities that need improvement - This activity is typically done by the product manager.
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools.
Activity Cost Pool Cost Drivers Estimated Overhead Expected Use of Cost
Driver per Activity
Loading and unloading Number of pieces $97,000 91,500
Travel Miles driven 467,000 585,000
Logistics Hours 62,000 3,150
Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.)
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Part 1
Calculation of activity-based overhead rates
Cost of Each Activity = Cost of Activity ÷ Number of times that Activity is performed
Loading and unloading = $97,000 ÷ 91,500
= $1.06 per piece
Travel = $467,000 ÷ 585,000
= $0.80 per mile
Logistics = $62,000 ÷ 3,150
= $19,68
Part 2
Overhead allocation to Job XZ3275
Loading and unloading (150 × $1.06) = $159.00
Travel ($0.80 × 200) = $160.00
Logistics ($19,68 × 0.75) = $14.76
Total Overheads = $333.76
Larry comes to your office to file his 2020 tax return and tells you that he never received an Economic Impact Payment (EIP) during 2020. It appears that he should have qualified. You assist Larry in checking the Get My Payment tool at www.irs.gov, where it says that a payment was deposited to a bank account that Larry states is not his. Larry will need to:
Incomplete question. The options:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
b. File Form 14039, Identity Theft Affidavit, with the IRS.
c. Contact the Farm Housing Administration.
d. Contact the bank that received the deposit and ask them to redirect the funds to him.
Answer:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
Explanation:
True. According to the information found on the IRS website concerning those who were eligible but didn't receive the Economic Impact Payment (EIP) during 2020, they are to fill the 2020 Form 1040 alongside submitting their tax returns for the year 2020.
Hence, Larry simply needs to file his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
The independent variable in the Contingency school of leadership is: a. Maturity of the followers b. Clarity of the task c. Time horizon d. Organizational support for the leader e. b), c), and d) Only
Answer:
a. Maturity of the followers b. Clarity of the task d. Organizational support for the leader
Explanation:
This approach was birthed by Fred Fiedler in 1958 in his research of leader effectiveness in group situations. According to him a leader need not remain fixed in his skills and styles of leadership given that situations change and require a different style and approach to deal with them. He therefore elucidated that an effective leader based on the contingency theory of leadership approach matches his style and skill to the situation or problem at hand. The factors this leader pays attention may invariably alter his style of leadership hence. Factors include : followers, organizational support, leader, and environment
Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is the cost of materials. The following data are available for August:
Fatboy Screamer Total
Number of units assembled 2,000 4,000 6,000
Materials cost per unit $ 2,000 $ 3,000
Other costs:
Direct labor $ 6,000,000
Indirect materials 1,800,000
Other overhead 4,200,000
Required:
Howrled-David uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in August.
fatboy screamer total
operation cost
materials cost
total cost
number of units
unit cost
Answer:
Fatboy Screamer Total
Direct labor . $ 2,000,000 $ 4,000,000 $ 6,000,000
Indirect materials . $600,000 $1,200,000 $1,800,000
Other overhead . $1,400,000 $2,800,000 $4,200,000
Materials cost . $4,000,000 $12,000,000 $16,000,000
Total cost . $8,000,000 $20,000,000 $28,000,000
Number of units . 2,000 4,000 6,000
Unit cost . $4,000 $5,000 $4,667
Explanation:
Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).
For a present sum of $840,000, determine the annual worth (in then-current dollars) in years 1 through 6 if the market interest rate is 10% per year and the inflation rate is 3% per year. The annual worth is:________ $ .
Answer:
The annual worth is:________
$667,380
Explanation:
Present value of investment = $840,000
Number of years = 6
Market interest rate = 10%
Inflation rate = 3%
Real interest rate = 7%
PV Annuity factor = 4.767
Total FV of annuity = $840,000 * 4.767 = $4,004,280
Annual worth = $4,004,280/6 - $667,380
The annual worth of the investment of $840,000 will be $667,380 based on the market-adjusted interest rate of 7% (10 - 3).
The future value of a dollar
1. increases with lower interest rates
2. increases with higher interest rates
3. increases with longer periods of time
4. decreases with longer periods of time
Answer:
C. 2 and 3
Explanation:
Note: Options to the question are as follows "A. 1 and 3 , B. 1 and 4, C. 2 and 3, D. 2 and 4.
FV = PV(1 + r)^t
Future value of a dollar is the value of a dollar if it earns a certain interest fro a specified time. Future value increases with an increase in interest rates and time. Conversely, it decreases with a decrease in interest rates and time.
Thus, Option c is correct.
Which of the following has made communication within teams more dificult in recent years?
O advancements in technology
O an increasingly global society
O a cuture of disrespect
O declining professionalism
Answer:
an increasingly global society
Explanation:
An increasingly global society or globalization has led to increased interactions between people from different countries. Improvements in transport networks have made it easy for goods, people, and technology to move across borders. Globalization has made economies depend on each other, which has necessitated relaxation on border restrictions.
Due to globalization, it is common to find people from different nationalities living and working in a country. Consequently, organizations have teams composed of people from different regions. Diversity in the workplace has meant the inclusion of different backgrounds in the workforce. As a result, communications have become more challenging due to language barriers and differences in cultural beliefs and practices.
Ken just purchased new furniture for his house at a cost of $16,700. The loan calls for weekly payments for the next 6 years at an annual interest rate of 11.17 percent. How much are his weekly payments
Answer: $73.51
Explanation:
No. of periods = 6 * 52 weeks = 312 weeks
Weekly Interest rate = 11.17%/52 = 0.2148%
Weekly Payment = Cost * (rate / ( 1 - ( 1 + r ) ^ -n))
= 16,700 * (0.2148% / (1 - (1 + 0.2148%)⁻³¹²))
= $73.51
When the domestic currency is strong or expected to become strong, eroding the competitive position of the firm, it can choose to locate production facilities in a foreign country where costs are low due to either the undervalued currency or underpriced factors of production. This is a strategy related to what type of foreign currency exposure?A. Operating exposure.B. Translation exposure.C. Transaction exposure.D. Asset exposure.
Answer:
A. Operating exposure
Explanation:
The Operating exposure may be defined as the extent to which any particular company is exposed to the inflation risk and exchange risk. It is the exposure to the risk occurred in the exchange rate which may impact the revenue of the company.
It refers to he future cash flow of the firm or the company that gets affected because of the change in the exchange rate of the currencies.
It measures the change in the current value of the company that results from the unexpected changes in the currency exchange rates.
In the context, when a company opens up a production facility in a country where the costs are low and the currency of the parent country or the host country is expected to be strong, it is known as the Operating exposure strategy of the company to the increase the cash flow.
If public goods were marketed like private goods, then public goods would be overproduced:__________
Answer:
in the presence of suce positive externalities
Explanation:
because the cost of production for the firm are overstated and the profits are understated
Wilma Robles is a District Operations Coordinator. When she visits one of her offices she finds that the office has three open boxes of Emerald Cards. Each of the three Tax Pros has a complete box and log sheet at their desk. Two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. What should Wilma do to bring the office in compliance with policies and procedures
The options are:
A.) Wilma should ignore the findings and let the practice continue.
B.) Wilma should report the findings to Incident Management for follow-up on the missing cards.
C.) Wilma should train the associates in the office on the proper distribution policy for Emerald Cards.
D.) Both B. and C.
Answer:
D.) Both B. and C.
Explanation:
Incidence management is defined as the process by which an organisation identifies, analysis and rectifies events that leads to disruption not their business processes.
These adverse effects that prevent a business from working efficiently or being productive are called incidence events.
Most organisations have a department that specialise in analysing and preventing occurrence of these events.
In the given scenario Wilma observed two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. This is an incidence event.
First she has to report the event to the incidence management team so they can follow up on the missing cards and also set up a process to prevent future occurrence.
Since this event could also be as a result of inadequate training on process, Wilma should also train the associates in the office on the proper distribution policy for Emerald Cards.
This will reduce such events in the department going forward
A business owner makes 50 items a day. She spends 8 hours in producing those items. If hired elsewhere she could have earned $10 an hour. The item sells for $10 each. Production occurs seven days a week. If the explicit costs total $10,000 a month the economic profit for the month equals:
Answer:
$2,600
Explanation:
The computation of economic profit is shown below:
Economic profit = Revenues - Economic cost
where,
Economic cost = Explicit cost + Implicit (opportunity) cost
where,
Implicit cost
= $10 × 8 hours × 30 days
= $2400
And,
Explicit cost for a month = $10,000
So,
Economic cost is
= $10,000 + $2400
= $12,400
Now
The Revenue
= Price × quantity
= $10 × 50 items × 30 days
= $15,000
Finally
Economic profit is
= $15,000 - $12,400
= $2,600
Consumers use ____________ while trying to judge the value of a product bundle (like a computer, printer, and a digital camera sold together). Specifically, the perceived value of the most important item in the bundle forms the initial assessment, which is then shifted upward/downward, based on the perceived value of the remaining items.
Select one:
a. availability heuristic
b. mood
c. ongoing search
d. anchoring and adjustment
e. imagery
Answer: anchoring and adjustment
Explanation:
Anchoring and adjustment has to do with the adjustment in the idea that a person has based on some initial occurence.
Anchoring and adjustment can be used
in sales when a consumer's subsequent negotiations is based on the previous negotiation or purchases. Therefore, consumers use anchoring and adjustment while trying to judge the value of a product
A new venture will require an initial investment in fixed assets of $20,000 and in working capital of $10,000. The fixed assets will have no salvage value at the end of the project's four-year life, and the working capital will be completely recovered at the end of the project. The organization's cost of capital is 16%. At a time value of money of 16%, the present value of an ordinary annuity of $1/year for four years is 2.8 and the present value of $1 at the end of four years is 0.6. What is the annual net cash inflow required for the project to break even on a time-adjusted basis
Answer:
$5,000
Explanation:
we need to determine the annual cash flows in order that NPV = $0
initial outlay = present value of future cash flows
$20,000 = (FCF x 2.8) + ($10,000 x 0.6)
$20,000 = 2.8FCF + $6,000
$14,000 = 2.8FCF
FCF = $14,000 / 2.8 = $5,000