Answer:
No, for some studies and most studies, multiple efforts should go in for accurate data...
Explanation:
A worker who loses a job at a call center because business firms switch the call center to another country is an example of which type of unemployment?
Answer:
"Structural unemployment" is the right approach.
Explanation:
The terminology economists mischaracterize unemployment, which seems to be the consequences of such an absence or failure of coordination of talents as well as of opportunities, is defined as Structural unemployment.This would be caused by economic shifts that prevent jobless persons from finding opportunities throughout different firms with very high qualifications.What does job title mean on a work application?
Answer:
The position or name for the job or thing a employee is doing.
Examples:
Administrative Assistant
Receptionist
Office Manager
Auditing Clerk
Bookkeeper
Account Executive
Branch Manager
Business Manager
Team Leader
Manager
Assistant Manager
Executive
Director
Coordinator
Administrator
Controller
Officer
Organizer
Supervisor
Superintendent
Hope this helps!!
In X1, Adam and Jason formed ABC, LLC, a car dealership in Kansas City. In X2, Adam and Jason realized they needed an advertising expert to assist in their business. Thus, the two members offered Cory, a marketing expert, a one-third capital interest in their partnership for contributing his expert services. Cory agreed to this arrangement and received his capital interest in X2. If the value of the LLC's capital equals $180,000 when Cory receives his one-third capital interest, which of the following tax consequences does not occur in X2?A. Cory reports $60,000 of ordinary income in X2.B. Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2.C. Adam and Jason receive an ordinary deduction of $30,000 in X2.D. Cory reports $60,000 of ordinary income in X2, and Adam and Jason receive an ordinary deduction of $30,000 in X2.
Answer: B. Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2.
Explanation:
Based on the information given, since the value of the LLC's capital equals $180,000 after Cory receives his one-third capital interest, Cory will report (⅓ × $180000) = $60,000 of ordinary income in X2.
Also, Adam and Jason will receive an ordinary deduction of $30,000 in X2. The sentence that "Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2" is wrong. They do not get sane amount as Cory gets a higher amount.
For the month of June, Beeman Corp. estimated sales revenue at $600,000. Beeman pays sales commissions that are 4% of sales revenue. The sales manager's salary is $285,000. Additional estimated selling expenses that total 1% of sales revenue Miscellaneous selling expenses are $15,000. How much are budgeted selling expenses for the month of July, if Beeman estimates sales revenues to be $540,000
Answer: $327000
Explanation:
The budgeted selling expenses for the month of July, if Beeman estimates sales revenues to be $540,000 will be:
Sales Commission = $540000 × 4% = $21600
Add: Sales Manager Salary = $285,000
Add: Additional Selling Expense = $540000 × 1% = $5,400
Add: Miscellaneous Selling Expense = $15,000
Therefore, Buedgeted Selling Expense = $327000
The probability of the economy booming is 10 percent, while it is 60 percent for being normal, and 30 percent for being recessionary. A stock is expected to return 16 percent in a boom, 11 percent in a normal economy, and lose 8 percent in a recession. What is the standard deviation of the returns?
Answer:
9.15%
Explanation:
Expected return = Respective return * Respective probability
Expected return = (0.1*16) + (0.6*11) + (0.3*-8)
Expected return = 5.8%
Probability Return Probability*(Return-Expected Return)^2
0.1 16 [0.1*(16-5.8)^2] = 10.404
0.6 11 [0.6*(11-5.8)^2] = 16.224
0.3 -8 [0.3*(-8-5.8)^2] = 57.132
Total = 83.76%
Standard deviation = [Total probability*(Return-Expected Return)^2/Total probability]^(1/2)
Standard deviation = (83.76)^(1/2)
Standard deviation = 9.15204895092%
Standard deviation = 9.15%
Mars, Inc. follows IFRS for its external financial reporting, while Jerome Company uses GAAP for its external financial reporting. During the year ended December 31, 2021, both companies changed from using the completed-contract method of revenue recognition for long-term construction contracts to the percentage-of-completion method. Both companies experienced an indirect effect, related to increased profit-sharing payments in 2021, of $30,000. As a result of this change, how much expense related to the profit-sharing payment must be recognized by each company on the income statement for the year ended December 31, 2021
Answer:
Mars, Inc (IFRS) and Jerome Company (GAAP) for External Reporting
Change from completed-contract method of revenue recognition for long-term construction contracts to the percentage-of-completion method.
Mars, Inc Jerome Company
Expenses to be recognized $0 $30,000
Explanation:
GAAP and IFRS previously recognized two methods for accounting for long-term construction contracts: the completed contract method and the percentage of completion method. GAAP allowed for an adjustment to be made to the income as a result of a change in method for unrecognized expenses in the previous period, whereas IFRS did not allow such an adjustment. However, the harmonized revenue standards under GAAP ASC 606 and IFRS 15 now stress the performance obligations that have been met under any contract as the standard criteria to measure revenue recognition.
At the beginning of the month, the Forming Department of Martin Manufacturing had 11,000 units in inventory, 40% complete as to materials, and 10% complete as to conversion. During the month the department started 61,000 units and transferred 63,500 units to the next manufacturing department. At the end of the month, the department had 8,500 units in inventory, 85% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department. Multiple Choice
Answer:
Materials ⇒ 70,725 units Conversion ⇒ 68,600 unitsExplanation:
Using the weighted average method, the equivalent units are the Units transferred out plus the equivalent closing inventory.
Materials:
= Units transferred out + Closing equivalent units
= 63,500 + (85% * 8,500)
= 70,725 units
Conversion:
= 63,500 + (60% * 8,500)
= 68,600 units
Marston Manufacturing Company is considering a project that requires an investment in new equipment of $3,400,000, with an additional $170,000 in shipping and installation costs. Marston estimates that its accounts receivable and inventories need to increase by $680,000 to support the new project, some of which is financed by a $272,000 increase in spontaneous liabilities (accounts payable and accruals).
The total cost of Alexander's new equipment is _____________ an consist of the price of new equipment plus the ___________
Answer: $3,570,000
• assets installation, shipping and installation costs.
Explanation:
The The total cost of Alexander's new equipment will be calculated thus:
= $3,400,000 + $170,000
= $3,570,000
The coat of the new equipment consist of (assets installation, shipping and installation costs).
Autonomous consumption is defined as: Group of answer choices the level of consumption that depends only on the exchange rate. the consumption expenditures incurred by the government. the level of consumption that does not depend on income. an equilibrium condition that needs to be met for the aggregate expenditure model to work. the part of consumption that is related to investment.
Answer:
the level of consumption that does not depend on income.
Explanation:
Autonomous consumption means that the expenditures that should be incurred at the time also when the consumer has no income. Like food, shelter, heathcare, etc are needed for survival even in the case when the person has no money
So according to the given situation, it is consumption level which does not based upon the income
Hence, the third option is correct
On December 31, 2019, the unadjusted credit balance of the Allowance for Overvaluation of Inventories: Hope Branch ledger account in the accounting records of the home office of Farah Company was $60,000. The home office of Farah ships merchandise to the branch at a markup of 20% on billed price. For the fiscal year ended December 31, 2019, the branch had reported a net loss (based on billed prices of merchandise shipped from home office) of $18,400 and ending inventories (all received from home office) of $132,000 at billed prices.
Required:
Prepare journal entries for the home office of Farah Company on December 31, 2019, to record the foregoing information.
Answer:
Journal entries
Date Particulars Debit Credit
31, Dec 19 Investment in Branch Office $132,000
To Inventories $110,000
To Allowance for Overvaluation of $20,000
Inventories
31, Dec 19 Profit and loss $18,400
To Investment in Branch Office $18,400
31, Dec 19 Allowance for Overvaluation $10,000
of Inventories
To Realized Gross Profit: Branch Sales $10,000
Workings
1. Unrealized Inter-company Inventory Profit = (132,000/120) * 20 = $22,000
Shipment to Branch = 132,000 - 22,000 = $110,000
2. Unrealized Inter-company Inventory Profit = (60,000/120) * 2 = $10,000
On Point, Inc., is interested in producing and selling a deluxe electric pencil sharpener. Market research indicates that customers are willing to pay $40 for such a sharpener and that 20,000 units could be sold each year at this price. The cost to produce the sharpener is currently estimated to be $34. a. If On Point requires a 20 percent return on sales to undertake production of a product, what is the target cost for the new pencil sharpener
Answer: $32
Explanation:
The target cost would be such that 20% of the $40 that people are willing to pay would be profit.
The target profit is therefore:
= 20% * 40
= $8
Target cost is therefore:
= Amount customers would pay - Target profit
= 40 - 8
= $32
Answer:
The answer is $32 for sure :)
What are some solutions for schools to fix the problem of too much work/homework given by teachers
they could give out less homework
give out weekly packets instead of a lot of daily work
only do necessary work
do more work in class
give homework every 2 weeks
or stop giving homework all together
A company making tires for bikes is concerned about the exact width of its cyclocross tires. The company has a lower specification limit of 22.8 mm and an upper specification limit of 23.3 mm. The standard deviation is 0.14 mm and the mean is 23.1 mm. What is the process capability index for the process?
Answer:
the process capability index for the process is 0.4761
Explanation:
The computation of the process capability index for the process is shown below:
= minimum of [(23.3-23.1) ÷ (3 × 0.14),(23.1 - 22.8) ÷ (3 × 0.14)]
= minimum of (0.4761, 0.7142)
= 0.4761
Hence, the process capability index for the process is 0.4761
The same should be considered and relevant
Swifty Corporation uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $27000 of materials, $18000 of direct labor costs, and $14000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $23000, and the ending balance is $17000. During the year, the company completed 25 machines. How much is the cost per machine?
Answer:
$2,600
Explanation:
Calculation to determine How much is the cost per machine
First step is to calculate the Total cost of making machines
Using this formula
Total cost of making machines
=Cost of materials +cost of direct labor+ manufacturing overhead cost+Beginning work in process-ending work in process
Let plug in the formula
Total cost per machine=$27000 +$18000 + $14000+$23000-$17000
Total cost per machine=$65,000
Now let calculate the cost per machine
Using this formula
Cost per machine
=Total cost of making machines /number of machines
Let plug in the formula
Cost per machine =$65,000/25
Cost per machine =$2,600
Therefore the Cost per machine is $2,600
If the buyer perceives a buyer-supplier relationship is in the desirable region on the purchaser-supplier satisfaction matrix, but there are problems, the buyer is most likely to: a. use or threaten legal action. b. sever purchases without advance notice. c. refuse to accept shipments. d. share information to find a mutual solution.
Answer:
The correct answer is the option D: share information to find a mutual solution.
Explanation:
To begin with, the concept known as "Supplier Satisfaction" has long been a dead term for many companies in all the industries, however very recently the acquisition of this method has been implemeted in order to increase the benefits that it brings to understand better the relationship with the costumer. Moreover, the model itself seeks for the proper creation of a high quality relationship established in communication between the costumer and the supplier who is able to make a confortable sale and create and environment suitable for the buyer. That is why that the correct action will be to share information in order to find a mutual solution in the case where the situation is in that desirable region of the matrix.
You have $20 to spend. You want to buy a new bike helmet because your old one is
damaged. You also want to buy a new CD. However, you can only afford one of them. How
would you decide which item to buy?
Answer: I would buy the bike helmet.
Explanation:
The bike helmet is needed, but the CD is only wanted. Therefore, it would be smarter to buy the bike helmet and invest in buying the CD later.
The 2017 balance sheet of Dream, Inc., showed current assets of $3,175 and current liabilities of $1,645. The 2018 balance sheet showed current assets of $2,920 and current liabilities of $1,620.
What was the company’s 2018 change in net working capital, or NWC?
Answer:
($230)
Explanation:
Net working capital = Current assets - Current liabilities
2017 Net working capital
= $3,175 - $1,645
= $1,530
2018 Net working capital
= $2,920 - $1,620
= $1,300
Change in net working capital
= $1,300 - $1,530
= -$230
Therefore the company's 2018 change in net working capital is ($230).
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel’s reconciliation is shown here.
Cash balance per bank $3,767.20
Add: NSF check 590.00
Less: Bank service charge 45.00
Adjusted balance per bank $4,312.20
Cash balance per books $4,065.20
Less: Deposits in transit 573.00
Add: Outstanding checks 910.00
Adjusted balance per books $4,402.20
Required:
a. What is the proper adjusted cash balance per bank?
b. What is the proper adjusted cash balance per books?
c. Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books.
Answer and Explanation:
a. The proper adjusted cash balance per bank is
Cash balance per bank $3,767.20
Add: Deposits in transit 573.00
Less: Outstanding checks 910.00
Adjusted cash balance per bank $3,430.20
b. The proper adjusted cash balance per books is
Cash balance per books $4,065.20
Less: NSF check 590.00
Less: Bank service charge 45.00
Adjusted cash balance per book $3,430.20
c. The journal entries are
Account receivable Dr $590
To cash $590
(being cash paid)
Bank service charges $45
To cash $45
(being cash paid)
"The following accounts increased/(decreased) during 2020: Accounts Receivable ($12,000), Inventory $11,000, and Accounts Payable ($13,000). Prepare the cash flows from operating activities section of Bloom's 2020 statement of cash flows using the indirect method."
Solution :
The Cash flow from the operating activities
Sales revenue $ 2,00,000
Less : Cost of goods sold $ 1,20,000
Less : operating expenses paid
(excluding depreciation, 50,000 - 21,000) $ 29,000
Cash generated from the operating activities $ 51,000
Increase in current assets liabilities
Increase in accounts receivable $ 12,000
Increases in inventory $ 11,000
Increase in accounts payable $ 13,000
Cash flow from the operating activity $ 41,000
A two-year bond with par value $1,000 making annual coupon payments of $80 is priced at $1,000.What will be the realized compound return if the one-year interest rate next year turns out to be 6%?
Answer:
10%
Explanation:
Calculation to determine what will be the realized compound
First step is to calculate the new price
Using this formula
New price of the bond = PV of the final coupon payment + PV of the maturity amount.
Let plug in the formula
New price of the bond=80/1+r+1,000/1+r
Where,
r represent the yield to maturity
Second step is to Substitute 0.06 for r in the above equation
New price of the bond =80/1+0.06+1000/1+0.06
New price of the bond=1080/1.06
New price of the bond=1018.87
Now let Calculate the rate of return of the bond
Using this formula
Rate of return=Coupon+New price-old price/Initial price
Let plug in the formula
Rate of return=$80+1018.87-1000/1000
Rate of return=98.87/1000
Rate of return=0.09887*100
Rate of return= 9.887%
Rate of return=10% Appropriately
Therefore what will be the realized compound is 10%
In working with a client named Fred, you realize that he did not report income that he should have on a return. Fred reported $10,000 of income on the return but should have reported $13,500. What is Fred’s obligation going forward regarding this incident?
a) Fred must maintain records for 5 years from the year the return was filed
b) Fred must maintain records for 6 years from the year the return was filed
c) Fred must maintain records for 8 years from the year the return was filed
d) Fred must maintain records for 10 years from the year the return was filed
Answer:
b) Fred must maintain records for 6 years from the year the return was filed
Explanation:
A person that prepares tax is required by the Internal Revenue Service to keep tax returns and supporting documents for at least 3 years.
However when the tax preparer fails to report correct income amount they are required to keep records for at least the last 6 years.
The underreported income must be greater than 25% of the income.
In the given scenario the Fred reported $10,000 instead of $13,500.
The unreported amount is $3,500
Percentage not reported = (3,500 ÷ 13,500) * 100 = 25.925%
So Fred will need to keep records for the next 6 years
Northern Company has the following information available for the past quarter: Division A Division B Division C Sales $250,000 $400,000 $350,000 Variable expenses 52% 30% 40% Fixed expenses controllable by division manager $60,000 $200,000 $175,000 Fixed expenses controllable by others $10,000 $5,000 $7,500 Unallocated expenses for all three divisions are $22,000. What is the contribution controllable by the division manager in Division C
Answer:
Controllable contribution = $35,000
Explanation:
The controllable contribution of the divisional manager is the difference between the sales revenue and the costs controllable by the manager. It is a metric to measure the performance of a divisional manager
sales revenue = $350,000
Variable expenses = 40%× 350,000
Controllable costs = (40%×350,000)+ 175,000= 315,000
Controllable contribution= $350,000 - 315,000 = 35,000
Controllable contribution = $35,000
JKL has 3 million shares of common stock outstanding and 80,000 bonds outstanding. The bonds pay semi-annual coupons at an annual rate of 9.05%, have 6 years to maturity and a face value of $1,000 each. The common stock currently sells for $30 a share and has a beta of 1. The bonds sell for 94% of face value and have a 10.42% yield to maturity. The market risk premium is 5.5%, T-bills are yielding 5% and the tax rate is 30%. What is the firm's capital structure weight for equity
Answer:
54.48%
Explanation:
The computation of the weight of equity is given below;
But before that we need to do the following calculations
Total Equity
= 3 million shares × $30
= $90 million
The Value of Debt,
Total Debt = 80,000 (1,000)(0.94)
= $75.2 million
Now the weight of equity is
= $90 million ÷ ($90 million + $75.2 million)
= 54.48%
Suppose that the Federal Reserve is conducting an expansionary monetary policy. It will _____ Treasury bills on the open market, so that the money supply will _____, interest rates will _____, planned investment spending will _____, and the AD curve will shift to the _____. sell; increase; rise; rise; left buy; increase; fall; rise; right sell; decrease; rise; fall; left buy; decrease; fall; fall; left
Answer:
buy; increase; fall; rise; right.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
An inflationary gap, also known as the expansionary gap in economics is used to measure the difference between the gross domestic product (GDP) and the current level of real Gross Domestic Products that exists when a country's economy is guaged at a full employment rate. This eventually causes the price of goods and services to go up with a low income level.
Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.
Hence, the Fed will buy Treasury bills on the open market, so that the money supply will increase, interest rates will fall, planned investment spending will rise, and the aggregate demand (AD) curve will shift to the right.
Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.
An aggregate demand curve gives a negative relationship between the aggregate price level for goods or services and the quantity of aggregate output demanded in an economy at a specific period of time.
Duane Miller wants to know what price home he can afford. His annual gross income is $60,000. He has no other debt expenses and expects property taxes and insurance to cost $500 per month. He knows he can get a 6%, 15 year mortgage so his mortgage payment factor is 8.43. He expects to make a 10% down payment. What is Duane's affordable home purchase price
Answer: $151,576
Explanation:
Affordable home purchase price = Affordable mortgage loan / (1 - Down payment percentage)
Affordable mortgage loan = Affordable monthly payment * 1,000 / Factor
Affordable monthly payment = Monthly income * 33% - Property taxes
= (60,000 / 12) * 33% - 500
= $1,150
Affordable mortgage loan = 1,150 * 1,000 / 8.43
= $136,418
Affordable home purchase price = 136,418 / ( 1 - 10%)
= $151,576
There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,265 and is expected to generate the following cash flows: First Year Second Year Third Year Total Alpha Project $32,000 $22,500 $4,500 $59,000 Beta Project 8,000 23,000 27,627 58,627 A. Calculate the internal rate of return on both projects. Use the IRR spreadsheet function to calculate internal rate of return. Alpha Project fill in the blank 1 68.275 % Beta Project fill in the blank 2 % B. Make a recommendation on which one to accept.
Answer:
Alpha = 42%
25%
I would accept the alpha project because it has the higher IRR
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Alpha
Cash flow in year 0 = $-35,265
Cash flow in year 1 = $32,000
Cash flow in year 2 = $22,500
Cash flow in year 3 = $4,500
IRR = 42%
Beta
Cash flow in year 0 = $-35,265
Cash flow in year 1 =8,000
Cash flow in year 2 =23,000
Cash flow in year 3 =27,627
IRR = 25%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Suppose that you are in charge of hiring a new employee for your firm. You have to decide between two persons. One is a person with many years of experience in a company very similar to yours who has only a high school education. The other person is a recent university graduate with a degree in a field closely related to your company's business. Which person would you choose? Discuss.
Answer:
The one with many years ofexperience
Explanation:
1 experience
2 knows the job
3 proven to be dependable hence the many years of experience
Which of these scenarios best describe an open account?
A: Goods are shipped to the importer with terms of remittance in 30, 60, or 90 days.
B: The exporter (seller) receives payment in advance through wire transfers, credit cards, or Internet escrow accounts, similar to PayP/al.
C: A bank commi/ts to the exporter to pay for the goods on behalf of the importer as long as the terms of the sale are met.
D: Goods are shipped to the importer/buyer for resale to other customers. Good are paid for only when the goods have been sold.
Answer:it is A
Explanation:
Just took the test. Goods are shipped to the importer with terms of remittance in 30,60, or 90 days.
Goods are shipped to the importer with positions of remittance in 30, 60, or 90 days is scenarios best describe an open account. The remittance is paid to the importer.
What is open account?Open account is the sales transaction where the goods are delivered before the payment is due. This is beneficial for the importer, but it involves the high risk to the exporter.
It is also called account payable by the bearer. The example of Open account is trade credit which is not fully pay off, a deferred cost schedule for an goods, a past due account.
Thus, option A is correct.
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The expected cash balance at January 1, 2016, is $62,000. Brewster wants to maintain a cash balance at the end of each month of at least $60,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2016.
Answer: Check attachment
Explanation:
The cash budget for the quarter ended March 31, 2016 has been attached.
Note that in the calculation that is attached:
Cash available = Beginning cash balance + Cash receipt + Short term borrowing
Ending balance = Cash available - Total cash disbursement
Check attachment for further details and explanation.
A manufacturing company can make 100 units of a necessary component part with the following costs: Direct Materials $120,000 Direct Labor 25,000 Variable Overhead 45,000 Fixed Overhead 20,000 If the manufacturing company can purchase the component externally for $190,000 and $5,000 of the fixed costs can be avoided, what is the correct make-or-buy decision
Answer: See explanation
Explanation:
Based on the information given, the relevant cost to make will be:
Direct Materials = $120,000
Add: Direct Labor = $25,000
Add: Variable Overhead = $45,000
Add: Fixed Overhead = $5,000
Relevant cost to make = $195,000
The relevant cost to buy is $190,000.
Therefore, the cost to buy is less as there'll be a net operating Income increase of $5000.