Answer:
D. Use slide master.
Explanation:
Edge
Assume that the marginal tax rate is as follows: 10% for $0-$10,000; 15% for $10,000.01-$25,000; 20% for $25,000.01-$50,000; and 25% for $50,000.01 or more. Next, assume a business has an EBIT of $10,100 and an interest expense of $0. What would you expect the average tax rate on the ROA to be
Answer:
e, 10.15%
Explanation:
The computation of the average tax rate on the ROA is shown below
Given that the business has an EBIT of $10,100 and the interest expense is $0
So based on the given options, we can say that the expected average tax rate on the ROA is 10.15%
Therefore, the option e is correct
And, the same would be considered and relevant
what are good ways to start earning money
Answer:
Explanation:
Sell your gently used clothes. ...
Trade in old phones, electronics for cash. ...
Drive for Uber, Lyft. ...
Make deliveries for Amazon, Uber Eats. ...
Become a dog walker or dog sitter. ...
Get a babysitting gig. ...
Find work as a housesitter. ...
Sell unused gift cards.
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.
Answer the question on the basis of the following list of assets:1. Large-denominated ($100,000 and more) time deposits2. Noncheckable savings deposits3. Currency (coins and paper money) in circulation4. Small-denominated (less than $100,000) time deposits5. Stock certificates6. Checkable deposits7. Money market deposit accounts8. Money market mutual fund balances held by individuals9. Money market mutual fund balances held by businesses10. Currency held in bank vaultsRefer to the above list. The M2 definition of money comprises(Points : 1) items 2, 3, 4, 6, 7, 8, and 10.items 3, 4, 5, and 6.items 2, 3, 4, 6, 7, and 8.all of the items listed.
Answer: Items 2, 3, 4, 6, 7, and 8
Explanation:
The M2 definition of money includes M1 money and then some other types of instruments that are quite highly liquid and so can be converted to liquid cash quickly if needed.
M2 includes:
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
Identify ways you could establish credit
Answer:
The answer is below
Explanation:
Getting or establishing credit is simply a way of having a credit history. Hence to establish credit, there are ways to go about it, some of which are:
1. Get a co-signer or co-applicant
2. Ensure you have a secured credit card
3. Apply for a credit-builder loan or a secured loan
4. Get savings and checking accounts with banks.
5. Have good credits habits and be consistent
6. Assess your credit scores and reports.
:
2. The process of monitoring performance, comparing it with goals and correcting any
significant deviations is known as?
a. Planningser
b. Organizing
c. Leadings
d. Controlling
Answer:
hope this helps
Explanation:
organizing
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.
Select the correct answer.
Approximately what portion of global employers tends to use social media websites to hire new employees?
ОА.
30 percent
OB. 40 percent
OC.
50 percent
OD
60 percent
ОЕ.
70 percent
Answer: Hello, There! your Answer is Below
B. 40 percent
Explanation:
40 percent employers use social media websites to hire employees.
Hope this Helps you!!
Have a great day!!
a. Calculate the expected return for each of the stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the standard deviation for each of the stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the covariance between the returns of the two stocks
Answer:
Note: Question is incomplete but full question is attached as picture below
a) Expected return = Probability of recession*Return during recession + Probability of normal*Return during normal + Probability of boom*Return during boom
Expected return for stock A = 0.21*0.04 +0.61*0.12 + 0.18*0.30
Expected return for stock A = 0.1356
Expected return for stock A = 13.56%
Expected return for stock B = 0.21*-0.41 + 0.61*0.31 + 0.18*0.54
Expected return for stock B = 0.2002
Expected return for stock B = 20.02%
b) Standard deviation of stock = √{Probability(Recession)*(Rate during recession - expected rate )^2 + Probability(Normal)(Rate during normal - expected return)^2 + Probability(Boom)*(Rate in boom - Expected return)^2}
Standard deviation of stock A = √[(0.21*(0.04-0.1356)^2 + 0.61*(0.12 - 0.1356)^2 + 0.18*(0.30-0.1356)^2)^0.5]
Standard deviation of stock A = 0.0832
Standard deviation of stock A = 8.32
Standard deviation of stock B = √(0.21*(-0.41-0.2002)^2 + 0.61*(0.31 - 0.2002)^2 + 0.18*(0.54-0.2002)^2)^0.5]
Standard deviation of stock B = 0.3260
Standard deviation of stock B = 32.60%
Sergey bought two shares of a stock at $22 each in early January 2018. At the end of a year he earned $2 dividend on each one. By year-end 2018 the price had risen to $22.50. In early January (after the holidays) he bought another share at that price. At year-end 2019 the price was $22.80 and the dividend of $2 a share was again paid out. What was the dollar weighted return on his investment?
Answer: 10.79%
Explanation:
Based on the information given, the return in year 1 will be:
= (22.5 + 2)/21 - 1
= 1.1136 - 1
= 0.1136
= 11.36%
The return in year 2 will be:
= (22.8 + 2)/22.5 - 1
= 1.1022 - 1
= 0.1022
= 10.22%
Therefore weighted return will be:
= (11.36% + 10.22%)/2
= 21.58%/2
= 10.79%
Magic Corporation manufactures water toys. It plans to grow by producing high-quality water toys that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Magic believes that continuously improving its manufacturing processes and re-engineering processes to downsize and eliminate excess capacity are critical to implementing its strategy. Which of the following best describes Magic's strategy?
A) product differentiation
B) product leadership
C) cost differentiation
D) cost leadership
Answer: D. Cost leadership
Explanation:
Magic's strategy in this case is cost leadership. Cost leadership is when a company produces ita product by using the lowest production cost and therefore has a competitive edge towards its rivals.
In a cost leadership strategy, the cost is reduced and the company therefore makes the least expensive goods in the industry and thus gain marhet share.
6. GAMA Corp. and FAMA Corp. have the same tax rate, sales, total assets, and basic earning power. Both companies have positive net incomes. GAMA Corp. has a higher debt to asset ratio and, therefore, a higher interest expense. Which of the following statements is CORRECT? a. GAMA Corp. has a lower times interest earned (TIE) ratio. b. GAMA Corp.has more net income. c. GAMA Corp.pays more in taxes. d. GAMA Corp. has a lower ROE.
Answer: GAMA Corp. has a lower times interest earned (TIE) ratio
Explanation:
The times interest earned (TIE) ratio simply means how the ability of a company to meet its debt obligations is being measured based on the current income that the company has.
Since GAMA Corp. has a higher debt to asset ratio and, therefore, a higher interest expense, it simply means that GAMA Corp. has a lower times interest earned (TIE) ratio when compared to FAMA Corp.
Therefore, the correct option is A.
Current Attempt in Progress Hsung Company accumulates the following data concerning a proposed capital investment: cash cost $187,990, net annual cash flows $39,500, and present value factor of cash inflows for 10 years is 5.02 (rounded). (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).) Determine the net present value, and indicate whether the investment should be made. Net present value $enter the net present value in dollars The investment select an option be made.
Answer:
$10,300
the investment should be made because the NPV is positive
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV = present value of the cash flows - Cost of the asset
present value of the cash flows = ($39,500 x 10) x (5.02/10) = 198290
NPV = 198290 - $187,990 = $10,300
The NPV is positive. this means that the investment is profitable. So, the investment should be made
Assume that you are an intern with the Brayton Company, and you have collected the following data: The yield on the company's outstanding bonds is 7.75%; its tax rate is 40%; the next expected dividend is $0.65 a share; the dividend is expected to grow at a constant rate of 6.00% a year; the price of the stock is $15.00 per share; the flotation cost for selling new shares is 10%, and the target capital structure is 45% debt and 55% common equity. What is the firm's WACC, assuming?
Answer:
The firm's WACC will be "8.04%".
Explanation:
The given values are:
Yield of maturity,
= 7.75%
Rate of tax,
= 40%
Next year's dividend,
= $o.65
Growth,
= 6%
Share price,
= $15
Flotation cost,
= 10%
[tex]w_d=45 \ percent[/tex]
[tex]w_s=55 \ percent[/tex]
Now,
= [tex]r_d(1-Rate \ of \ tax)[/tex]
On substituting the values, we get
= [tex]7.75(1-0.40)[/tex]
= [tex]4.65 \ percent[/tex]
The [tex]r_e[/tex] will be:
= [tex]\frac{D1}{p}\times (1-F)+G[/tex]
= [tex]\frac{0.65}{15}\times (1-0.1)+6[/tex]
= [tex]4.81+6[/tex]
= [tex]10.81 \ percent[/tex]
hence,
The firm's WACC will be:
= [tex]w_d(r_d)(1-T)+w_s(r_s)[/tex]
= [tex]0.45\times 4.65+0.55\times 10.81[/tex]
= [tex]2.0925+5.9455[/tex]
= [tex]8.04[/tex]%
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 71 Accounts Receivable 519 Supplies 24 Prepaid Insurance 18 Land 590 Equipment 236 Accum. Depr.-Equipment 47 Accounts Payable 212 Wages Payable 24 Brenda Schultz, Capital 1,028 Brenda Schultz, Drawing 47 Fees Earned 578 Wages Expense 142 Rent Expense 71 Insurance Expense 59 Utilities Expense 41 Supplies Expense 35 Depreciation Expense 24 Miscellaneous Expense 12 1,889 1,889 Prepare the two closing entries for Alert Security Services Co. For a compound transaction, if an amount box does not require an entry, leave it blank.
Answer:
Alert Security Services Co.
Closing Journal Entries:
October 31, 2019:
Debit Fees Earned $578
Credit Income Summary $578
To close the revenue account to the income summary.
October 31, 2019:
Debit Income Summary $384
Credit:
Wages Expense $142
Rent Expense 71
Insurance Expense 59
Utilities Expense 41
Supplies Expense 35
Depreciation Expense 24
Miscellaneous Expense 12
To close the expenses to the income summary.
Explanation:
a) Data and Calculations:
Alert Security Services Co.
End-of-Period Spreadsheet For the Year Ended October 31, 2019
Adjusted Trial Balance Income Statement Balance Sheet
Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash 71 71
Accounts Receivable 519 519
Supplies 24 24
Prepaid Insurance 18 18
Land 590 590
Equipment 236 236
Accum. Depr.-Equipment 47 47
Accounts Payable 212 212
Wages Payable 24 24
Brenda Schultz, Capital 1,028 1,028
Brenda Schultz, Drawing 47 47
Fees Earned 578 578
Wages Expense 142 142
Rent Expense 71 71
Insurance Expense 59 59
Utilities Expense 41 41
Supplies Expense 35 35
Depreciation Expense 24 24
Miscellaneous Expense 12 12
Total 1,889 1,889 384 578 1,505 1,311
concord corporation purchased a new machine on may 1, 2012 for $559200. at the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $26400. the company has recorded monthly depreciation using the straight-line method. on march 1, 2021, the machine was sold for $71400. what schold be the loss regognized from the sale of the machine
Answer:
$17,160
Explanation:
According to the scenario, computation of the given data are as follows,
Purchase price = $559,200
Useful life = 10 years or 120 months
Salvage value = $26,400
Total time in months(May1,2012 - Mar1,2021) = 106 months
So, depreciation cost = ($559,200 - $26,400) ÷ 120 = $4,440 per month
So, total depreciation cost for 106 months = $4,440 × 106 = $470,640
Book value = Purchase price - depreciation
= $559,200 - $470,640
= $88,560
Hence, Loss = Book value - sold value
= $88,560 - $71,400
= $17,160
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
The steady growth line best supports which conclusion about the economy
represented in the graph?
A.The economy as a whole continues to grow between each
business cycle.
O B. The economy is weak and will likely enter a depression in the next
business cycle.
C. The economy has more pronounced peaks than valleys in each
business cycle.
D. The economy does not show a consistent pattern in its business
cycles.
Answer:
A.The economy as a whole continues to grow between each business cycle.
Explanation:
The steady growth line best supports the conclusion about the economy
represented in the graph is that "The economy as a whole continues to grow between each business cycle."
The above statement is true because the production output of the firm continues to rise with time. As time goes on in the business cycle of the firm, the firm continues to grow, which is evident in the increase in the level of production.
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
Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2022 and 2021 are provided below. Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation
BALANCE SHEETS
12/31/22 12/31/21
Cash $408,000 192,000
Accounts receivable 360,000 216,000
Inventoy 384,000 $480,000
Property, plant and equipment $608,000 $960,000
Less accumulated depreciation (320,000) 288,000 (304,000) 656,000
$1.440.000 $1.544.000
Accounts payable $176,000 $96.000
Income taxes payable 352,000 392,000
Bonds payable 360,000 600,000Common stock 216,000 216,000
Retained earnings 336.000 240.000
$1,544.000 $1.440.000
INCOME STATEMENT
For the Year Ended December 31, 2022
Sales revenue $8,400,000
Cost of sales 7,152.000
Gross profit 1,248,000
Selling expenses $600,000
Administrative expenses 192.000 792,000
Income from operations 456,000
Interest expense 72,000
Income before taxes 384,000
Income taxes 96,000
Net income $288.000
The following additional data were provided:
1. Dividends for the year 2019 were $192,000.
2. During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale. The loss on sale was incorrectly charged to cost of sales.
3. All depreciation expense is in the selling expense category.
Under the direct method, the cash received from customers is:____.
Answer:
The cash received from customers under the direct method is $8,256,000.
Explanation:
Given:
Beginning accounts receivable = Accounts receivable on 12/31/21 = $216,000
Ending accounts receivable = Accounts receivable on 12/31/22 = $360,000
Sales revenue = $8,400,000
Therefore, we have:
Cash received from customers = Beginning accounts receivable + Sales revenue - Ending accounts receivable = $216,000 + $8,400,000 - $360,000 = $8,256,000
Therefore, the cash received from customers under the direct method is $8,256,000.
Which of the following situations describes a multiple regression? a.) Using the average salary of a homeowner and the number of bedrooms to predict the listing price and square footage of a home. b.) Using the listing price of a home to predict the annual salary of a homeowner, the number of bedrooms, and the square footage. c.) Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home. d.) Using the square footage to predict the listing price of a home.
Answer:C. Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home.
Explanation:
Multiple regression is simply a simple linear regression extension. Multiple regression is used when the researcher wants to forecast the value of a particular variable which is based on the value of other variables which are usually two or more.
With regards to the above question, the situation that describes the multiple regression is option C "Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home".
There are three variables that are involved which are the average salary of homeowner, the number of bed rooms and also the square feet to predict the listing price of the home.
Answer:
c.) Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home.
Explanation:
Got it right on the test.
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%
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.
For more details about open account, click here:
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On January 2, 20X5, Patriot purchased 80 percent of Jags Inc.'s outstanding common shares for $800,000. Jag reported net income of $310,000 for 20X5, and paid dividends of $100,000. What are all the cost method adjustments?
Answer:
Patriot Company
The cost method adjustments are:
Debit Cash $80,000
Credit Dividends Revenue $80,000
To record the dividends received from Jags Inc.
Explanation:
a) Data and Calculations:
Investment in Jags Inc. = 80%
Jag's outstanding common shares = $800,000
Net income for 20X5 = $310,000
Dividends paid = $100,000
Cost of investment in Jags = $640,000
Cost method adjustments:
Cash $80,000 Dividends Revenue $80,000 ($100,000 * 80%)
b) With the 80% shareholding in Jags Inc., the investment is supposed to be accounted for using the equity method and not the cost method, and the accounts of the two companies should be consolidated. However, using the cost method leaves the investment at cost (or purchase price) in the balance sheet, while adjustments are made for dividends revenue.
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.
James, Inc. provides the following data: 2025 2024 Cash $132,000 $121,000 Accounts Receivable, Net 75,000 52,000 Merchandise Inventory 49,000 43,000 Property, Plant, and Equipment, Net 122,000 99,000 For the year ending December 31, 2025: Net Sales Revenue $451,000 Cost of Goods Sold (315,000) Gross Profit $136,000 Calculate the number of days' sales in inventory for 2025. (Use 365 days for any calculations.) A. 56.77 days B. 53.28 days C. 51.41 days D. 123.31 days
Answer:
Option A is correct
Days' sales in inventory= 56.77 days
Explanation:
The days' sales in inventory is the average length if days for which product remain in stock until they are sold. The shorter the days the better.
Days' sales in inventory = (closing stock/cost of goods sold) × 365 days
Days' sales in inventory= 49,000/315,000× 365 days= 56.77 days
Days' sales in inventory= 56.77 days
define customer satisfaction
Answer:
Customer satisfaction is a term frequently used in marketing. It is a measure of how products and services supplied by a company meet or surpass customer expectation.
Explanation:
~hope this helps
The 2745 people residing in the state of Oz want their yellow brick road repaved. It could be repaved with standard asphalt for a cost of $427957 or with shimmering gold asphalt for $5752665 . The senator that represents Oz in the national legislature argues that the yellow brick road is a national treasure and a tourist attraction. As such, the senator argues that the nation of 4801565 people should pay for the repaving. Round your answer to two decimals for all of the following questions.
Required:
a. What is the cost per person if the national government pays for gold asphalt?
b. What is the cost per person if the state of Oz pays for gold asphalt?
c. What is the cost per person if the state of Oz pays for standard asphalt?
Answer:
a. Cost per person = $1.20 per person
b. Cost per person = $2,095.69 per person
c. Cost per person = $155.90 per person
Explanation:
a. What is the cost per person if the national government pays for gold asphalt?
This can be calculated as follows:
Cost per person = Cost of gold asphalt / Total population of the nation = $5752665 / 4801565 = $1.20 per person
b. What is the cost per person if the state of Oz pays for gold asphalt?
This can be calculated as follows:
Cost per person = Cost of gold asphalt / Total population of the state of Oz = $5752665 / 2745 = $2,095.69 per person
c. What is the cost per person if the state of Oz pays for standard asphalt?
This can be calculated as follows:
Cost per person = Cost of standard asphalt / Total population of the state of Oz = $427957 / 2745 = $155.90 per person
Who makes it rain every summer
Answer:
Tlaloc
Aztec rain god.
Explanation:
Air that is warmer is able to evaporate more water into the atmosphere. An air mass with more water vapor available to precipitate will naturally create more precipitation. While this is not the only reason, it is the primary reason for greater rainfall in the Triad during the summer months.
ina Inn and Midwest Chicken exchanged assets. China Inn received a delivery truck and gave equipment. The fair value and book value of the equipment were $20,500 and $11,400 (original cost of $42,000 less accumulated depreciation of $30,600), respectively. To equalize market values of the exchanged assets, China Inn paid $8,700 in cash to Midwest Chicken. 1. At what amount did China Inn record the delivery truck
Answer:
1. $29,200
2. $9,100
Explanation:
1. Calculation to determine At what amount did China Inn record the delivery truck
Using this formula
Delivery truck amount=Fair value of the delivery truck+Cash paid
Let plug in the formula
Delivery truck amount=$20,500 + $8,700
Delivery truck amount=$29,200
Therefore The amount that China Inn record the delivery truck is $29,200
2. Calculation to determine How much gain or loss did China Inn recognize on the exchange
Using this formula
Gain of Exchange=Fair value of the delivery truck-Book value
Let plug in the formula
Gain of Exchange =$20,500- $11,400
Gain of Exchange=$9,100
Therefore The amount of gain or loss that China Inn recognize on the exchange is $9,100