Answer:
The return rate on the fund is "23.75%".
Explanation:
The given values are:
In the starting of the year,
Mutual fund assets,
= $200
Share,
= 10 million
In the end of the year,
Income distribution,
= $2 per share
Capital gain distribution,
= $.25 per share
Total expense ration,
= 2%
Now,
The initial NAV will be:
= [tex]\frac{200mn}{10mn}[/tex]
= [tex]20[/tex]$
The final NAV will be:
= [tex]250-\frac{250\times 0.01}{11}[/tex]
= [tex]22.5[/tex]
hence,
The return will be:
= [tex]\frac{Change \ in \ NAV+Div+Capital \ gain \ distribution}{Initial \ NAV}[/tex]
On substituting the values, we get
= [tex]\frac{22.5-20+2+0.25}{20}[/tex]
= [tex]\frac{4.75}{20}[/tex]
= [tex]0.2375[/tex]
i.e.,
= [tex]23.75[/tex]%
Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department:
Direct labor per filing cabinet 20 minutes
Supervisor salaries $117,000 per month
Depreciation $21,000 per month
Direct labor rate $15 per hour
Required:
Prepare a flexible budget for 12,000, 15,000, and 18,000 filing cabinets for the month of March
Answer:
Results are below.
Explanation:
Giving the following information:
Supervisor salaries $117,000 per month
Depreciation $21,000 per month
Direct labor rate $15 per hour
Cabinets per hour= 60/20= 3
We need to determine the flexible budget for different production levels:
12,000 units:
Total direct labor hours= (12,000 / 3)= 4,000 hours
Total variable cost= 4,000*15= 60,000
Total fixed costs= 21,000 + 117,000= 138,00
Total cost= $198,000
15,000 units:
Total direct labor hours= (15,000 / 3)= 5,000 hours
Total variable cost= 5,000*15= 75,000
Total fixed costs= 21,000 + 117,000= 138,00
Total cost= $213,000
18,000 units:
Total direct labor hours= (18,000 / 3)= 6,000 hours
Total variable cost= 6,000*15= 90,000
Total fixed costs= 21,000 + 117,000= 138,00
Total cost= $228,000
Which economic indicator most strongly suggests
that an economy is experiencing the trough phase
of the business cycle?
O A. Unemployment rates that had been rising
quickly have since slowed down.
B. Both GDP and unemployment rates are
beginning to rise quickly.
C. GDP had been rising quickly but has since slowed down
D. Both GDP and unemployment rates are beginning to fall quickly
Answer:
a
Explanation:
Unemployment rates that had been rising quickly have since slowed down. This economic indicator most strongly suggests that an economy is experiencing the trough phase of the business cycle. Hence, option A is appropriate.
What is the meaning of the Business Cycle?Business cycles are made up of coordinated cyclical upswings and downswings in output, employment, income, and sales, which are four broad indices of economic activity. In the business cycle, expansions and contractions alternate (recessions).
Economic activity goes through periods of boom and then contraction during business cycles. Two-quarters of negative GDP growth is occasionally used as the formal definition of a recession. The four stages of an economic cycle—also known as a business cycle—are expansion, peak, contraction, and trough.
The repeated economic shifts that occur in a nation over time are called business cycles. It can be recognized by changes in the GDP and other macroeconomic indicators. The business cycle has four phases: expansion, peak, contraction, and trough.
Hence, option A is correct.
Learn more about the Business Cycle here:
https://brainly.com/question/30167425
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The following transactions took place for Smart Solutions Inc. 2017.
a. July 1 Loaned $64,000 to an employee of the company and received back a one-year, 9 percent note.
b. Dec. 31 Accrued interest on the note. 2018.
c. July 1 Received interest on the note. (No interest has been recorded since December 31.)
d. July 1 Received principal on the note.
Required:
Prepare the journal entries that Smart Solutions Inc. would record for the above transactions.
Answer:
b
Explanation:
because that's the true answer
Your retirement fund consists of a $7,500 investment in each of 20 different common stocks. The portfolio's beta is 0.65. Suppose you sell one of the stocks with a beta of 1.0 for $7,500 and use the proceeds to buy another stock whose beta is 2.25. Calculate your portfolio's new beta. Do not round intermediate calculations. Round your answer to two decimal places.
Answer:
0.7125
Explanation:
Calculation to determine your portfolio's new beta.
First step is to calculate the Increase in beta as a result of net sales
Increase in beta as a result of net sales=2.25-1
Increase in beta as a result of net sales=1.25
Hence:
increase/stock=1.25/20=0.0625
Now let calculate the new beta
New beta=0.65+0.0625
New beta=0.7125
Therefore your portfolio's new beta will be 0.7125
Jim is a manager of a restaurant. He is very concerned with efficiency and goal accomplishment as well as very intent on making employees happy through lots of participation and open-mindedness. Whats the answer?
A. Jim is a high-high style leader.
B. Jim is low in initiating structure and high in consideration.
C. Jim is an impoverished leader.
D. Jim is a compromiser.
Answer:
A. Jim is a high-high style leader.
Explanation:
As in the given situation it is mentioned that Jim would be very concerned with the efficiency and the accomplishment of the goal so this means he is a high-high style leader as these type of leaders would try to collaborate and cooperate in order to motivate for work in an efficient manner so that the company goals could be achieved
hence, the first option is correct
Cherry Valley Lumber's (CVL) lumber mill produces boards of various sizes and quality specifications for the home construction industry. CVL incurs joint costs in the initial phases of processing raw timber, such as transporting the logs to the mill, removing the bark from the logs, and cutting rough-cut boards. After the split-off point, CVL incurs costs in the Planing Department to finalize the finished boards of various grades and sizes. Which of the following statements regarding the costs at CVL is true?
a. The costs to finish the boards after the split-off point will not be traced directly to the finished boards according to the various grades and sizes produced. The costs for transporting the logs, removing bark, and cutting the rough-cut boards before the split-off point will be traced to the final finished boards.
b. The costs for transporting the logs, removing bark, and cutting the rough-cut boards before the split-off point will not be directly traced to the final finished boards. All costs to finish the boards after the split-off point will be traced directly to the finished boards according to the various grades and sizes produced.
c. It will be impossible for CVL to directly trace any costs to the finished boards of various grades and sizes.
d. CVL will be able to directly trace all costs before and after the split-off point to the finished boards of various grades and sizes.
Answer:
Cherry Valley Lumber's (CVL)
The statement regarding the costs at CVL that is true is:
b. The costs for transporting the logs, removing bark, and cutting the rough-cut boards before the split-off point will not be directly traced to the final finished boards. All costs to finish the boards after the split-off point will be traced directly to the finished boards according to the various grades and sizes produced.
Explanation:
This is why the costs at split-off are usually apportioned to the different categories of products based on some chosen criteria, e.g. sales value, size, etc. However, after split-off, costs that are incurred can easily be traced to the various grades and sizes of boards produced. This simply means that after split-off, costs become traceable and direct to each board category.
A purely domestic firm that sources and sells only domestically, Multiple Choice should never hedge since this could actually increase its currency exposure. faces no exchange rate risk and should never hedge since this could actually increase its currency exposure. faces no exchange rate risk. faces exchange rate risk to the extent that it has international competitors in the domestic market.
Answer:
faces exchange rate risk to the extent that it has international competitors in the domestic market.
Explanation:
Exchange rate risk is defined as the risk that exists when a company engaged in transactions that are denominated in a foreign currency rather than the domestic currency.
So if a purely domestic firm that sources and sells only domestically has international competitors in its local market, and the exchange rate is favouring the competitors there will be a risk for them.
For example if international competitors can source raw materials cheaper because of the exchange rate of a foreign country, it will be a disadvantage to local firms that cannot reduce their prices.
An employee earns $28 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 46 hours during the week. Assume that the FICA tax rate is 7.5% and that federal income tax of $200 was withheld. a. Determine the gross pay for the week. $fill in the blank 1 b. Determine the net pay for the week. Round intermediate calculations and your final answer to the nearest cent. $fill in the blank 2
Answer and Explanation:
a. The computation of the gross pay for the week is shown below
Regular pay ($28 ×40 hours) $1,120
Overtime pay (6 hours × $28 × 1.5) $252
Total gross pay $1,372
b. The computation of the net pay for the week is given below:
Gross pay $1,372
Less:
FICA ($1,372 × 7.5%) $103
Federal income tax $200
Net pay $1069.10
Cora purchased a hotel building on May 17, 2020, for $3,000,000. Determine the cost recovery deduction for 2021. a.$76,920 b.$69,000 c.$48,150 d.$59,520
Answer: $76920
Explanation:
Firstly, we should note that the hotel building is simply non residential and then qualifies to be part of 39 year property.
Then, the cost of recovery will be:
= 1/39 × Cost of the hotel
= 1/39 × $3,000,000
= $76,920
Therefore, the cost recovery deduction for 2021 is $76,920
Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with machine hours as the cost driver but is considering a move to activity-based costing. In preparing for the possible switch, Julio has identified two cost pools: materials handling and setup. The collected data follow:
Standard Model Deluxe Model
Number of machine hours 26,500 31,500
Number of material moves 625 925
Number of setups 85 575
Total estimated overhead costs are $313, 020, of which $183, 750 is assigned to the material handling cost pool and $179, 180 is assigned to the setup cost pool.
Required:
1. Calculate the overhead assigned to each product using the traditional cost system.
2. Calculate the overhead assigned to each product using ABC.
Answer:
Results are below.
Explanation:
a)
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 313,020 / 58,000
Predetermined manufacturing overhead rate= $5.4 per machine hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Standard= 5.4*26,500= $143,100
Deluxe= 5.4*31,500= $170,100
b)
First, we need to calculate the allocation rates:
Material handling= 183,750 / 1,550= $118.55 per material moves
Setup= 179,180 / 660= $271.48 per setup
Now, we can allocate overhead:
Standard= 118.55*625 + 271.48*85= $97,169.55
Deluxe= 118.55*925 + 271.48*575= $265,759.75
Required information Skip to question [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 10,400 Accounts Receivable 134,000 Prepaid Rent 4,400 Supplies 22,000 Equipment 240,000 Accumulated Depreciation $ 119,000 Accounts Payable 10,400 Salaries Payable 9,400 Interest Payable 3,400 Notes Payable (due in two years) 24,000 Common Stock 140,000 Retained Earnings 44,000 Service Revenue 340,000 Salaries Expense 240,000 Rent Expense 12,000 Depreciation Expense 24,000 Interest Expense 3,400 Totals $ 690,200 $ 690,200 Required: 1. Prepare an income statement for the year ended December 31, 2021.
Answer and Explanation:
The preparation of the income statement is presented below:
Service Revenue 340,000
Less:
Salaries Expense 240,000
Rent Expense 12,000
Depreciation Expense 24,000
Interest Expense 3,400
Net income $60,600
Hence, we simply deduct the expenses from the service revenue so that we get the net income
Choose all of the items that are examples of fiscal policy.
a. There is an increase in income tax rates.
b. The Federal Reserve purchases bonds on the open market.
c. The estate tax is repealed.
d. Government increases military spending.
e. Public money is used to build a high-speed train that connects Los Angeles and Las Vegas.
f. The Federal Reserve increases the money supply by decreasing the reserve-ratio requirement.
g. To help domestic firms, government sets a quota on the number of goods that can be imported.
Answer:
A
C
D
E
Explanation:
fiscal policies are steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policy reduces money supply
tools of fiscal policy
Taxes
government spending
transfer payments
Assume that you have entered into a fixed for fixed currency swap agreement under which every 6 months you agree to pay 3% on a notional of 110M USD and receive 4% on a notional of 100M EUR. On the date you signed the contract the spot exchange rate is 1.1 USD/EUR. Six months later the spot exchange rate is 1.05 USD/EUR. Your actual payment net of what you receive at the first payment date equals to :__________
Answer: -0.55M USD
Explanation:
The payment made will be:
= 3%/2 × 110M USD
= 0.03/2 × 110M USD
= 1.65M USD
The amount received will be:
= 4%/2 × 100M EUR
= 2% × 100M EUR
= 0.02 × 100M EUR
= 2M EUR
Since exchange rate = 1.1 USD/EUR
2M EUR = 2 × 1.1 = 2.2M USD
Therefore, net payment will be:
= 1.65M - 2.2M
= - 0.55M USD
brendamunsamy00
Where u at
Answer:
Bombay
the company has a charged net income for a year and an earthquake
Consider the following information:
Portfolio Expected Return Beta
Risk-free 11% 0
Market 12.2 1.0
A 11.0 0.9
A. Calculate the expected return of portfolio A with a beta of 0.9.
B. What is the alpha of portfolio A.
C. If the simple CAPM is valid, is the above situation possible?
In 3 sentences. Why are open-ended questions helpful when landing a sale? (this is for customer service)
Answer:
By using open-ended questions, participants are able to express and articulate opinions that may be extreme, unusual, or simply ones that the researcher did not think about when creating the survey. This often provides researchers rich, relevant data for their studies
Explanation:
(hope this helps)
There are some excellent free personal finance apps available: Mint, GoodBudget, Mvelopes, BillGuard, PocketExpense, HomeBudget, and Expensify. After using Mint, you realize you need to pay off one of your high interest loans to reduce your interest expense. You decide to discount a $5,250, 345-day note at 3% to your bank at a discount rate of 4.5% on day 210. What are your proceeds
Answer: $5309.86
Explanation:
The proceeds will be calculated as:
Face value of note = $5250
Interest rate = 3%
Note tenure = 345
Number of days used = 360
Outstanding interest on note = $5250 × 3% × 345/360 = $150.94
Gross Proceeds = $5250 + $150.94 = $5400.94
Bank Discount rate = 4.5%
Discounting days = 210
Time if maturity left = 345 - 210 = 135
Discount rate for 135 days = 4.5%/360 × 135 = 1.69%
Discount value = $5400 × 1.69% = $91.14
Net proceeds after discount = $5400 - $91.14 = $5309.86
1. Imagine yourself as a manager of a struggling local suburban regional shopping mall. What do you think the mall should do to improve its performance
Explanation:
There are several possibilities that can help a local suburban shopping mall in difficulty to improve its performance. Some options could be the hiring of surveys with the local community to identify consumption trends and preferences, as well as the search for the implementation of more anchor stores that are consistent with the financial situation and preferences of the target audience.
A shopping center also needs to have a lure for the public, something that differentiates it from competing stores, so another option for attracting customers would be to attract unique stores in the region to the mall, which are directly aligned with the values and preferences of the community. An interesting option is also to hold regional fairs, small artist shows, thematic space for children, etc.
A cement manufacturer has supplied the following data: Tons of cement produced and sold 263,000 Sales revenue $ 1,104,600 Variable manufacturing expense $ 432,000 Fixed manufacturing expense $ 229,000 Variable selling and administrative expense $ 94,000 Fixed selling and administrative expense $ 219,000 Net operating income $ 130,600 What is the company's unit contribution margin?
Answer:
$2.2 per unit
Explanation:
With regards to the above and to compute the company's unit contribution margin, we need to first calculate the total contribution margin
Total contribution margin
= Sales revenue - Variable manufacturing expenses - Variable selling and administrative expenses
= $1,104,600 - $432,000 - $94,000
= $578,600
Therefore, the company's unit contribution margin
= Total contribution margin ÷ Number of units produced and sold
= $578,000 ÷ 263,000
= $2.2 per unit
Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 5,800 6,500 6,360 The company wants to end each month with ending finished goods inventory equal to 30% of the next month's sales. Finished goods inventory on June 30 is 1,740 units. The budgeted production units for July are:
Answer:
Production= 6,010
Explanation:
Giving the following information:
July August
Sales units 5,800 6,500
Finished goods inventory on June 30 is 1,740 units.
To calculate the production for July, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 5,800 + (6,500*0.3) - 1,740
Production= 6,010
Presented below is information related to Pharoah Corporation for the current year. Beginning inventory $ 590,300 Purchases 1,472,500 Total goods available for sale $2,062,800 Sales revenue 2,455,000 Compute the ending inventory, assuming that (a) gross profit is 46% of sales, (b) gross profit is 60% of cost, (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost.
Answer:
a. $948,888
b. $773,550
c. $1,237,680
d. $412,560
Explanation:
The Ending Inventory is calculated using the missing figure approach or the Gross Margin technique.
that is,
Ending Inventory = Cost of Goods Available for Sale - Cost of Sales
thus,
This can be clearly done by writing up a Trading Account as shown below for each scenario.
also remember,
Cost + Profit = Sales
so for those based on cost use this formula.
for example : gross profit is 60% of cost
will be : 100 % + 60 % = 160 %
Part a
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($948,888) ($1,113,912)
Gross Profit $948,888
Part b
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($773,550) ($1,289,250)
Gross Profit $773,550
Part c
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($1,237,680) ($825,120)
Gross Profit $1,237,680
Part d
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($948,888) ($1,113,912)
Gross Profit $948,888
Part a
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($412,560) ($1,650,240)
Gross Profit $412,560
Smelly Perfume Company manufactures and distributes several different products. The company currently uses a plantwide allocation method for allocating overhead at a rate of $7 per direct labor hour. Cindy is the department manager of Department C which produces Products J and P. Department C has $16,200 in traceable overhead. Diane is the department manager of Department D which manufactures Product X. Department D has $11,100 in traceable overhead. The product costs (per case of 24 bottles) and other information are as follows:
J P X
Direct materials $100.00 $ 72.00 $48.00
Direct labor 42.00 31.50 12.00
Overhead 28.00 21.00 14.00
$170.00 $124.50 $74.00
Machine hours 4 2 3
Number of cases (per year) 300 500 600
1. If Smelly changes its allocation basis to machine hours, what is the total product cost per case for Product P?
a. $163.50
b. $144.00
c. $138.15
d. $117.15
2. If Smelly changes its overhead allocation to departmental rates, what is the product cost per case for Product P assuming Departments C and D use direct labor hours and machine hours as their respective allocation bases?
a. $117.15
b. $163.50
c. $131.50
d. $138.15
Answer:
Smelly Perfume Company
1. a. $117.15
2. $115.95
Explanation:
a) Data and Calculations:
J P X Total
Direct materials $100.00 $ 72.00 $48.00
Direct labor 42.00 31.50 12.00
Overhead 28.00 21.00 14.00
$170.00 $124.50 $74.00
Direct labor hours per unit 4 3 2
Total direct labor hours 1,200 1,500 1,200 3,900
Machine hours per unit 4 2 3
Total machine hours 1,200 1,000 1,800 4,000
Number of cases (per year) 300 500 600
Department C D Total
Traceable overheads $16,200 $11,100 $27,300
Product costs (machine hours):
Predetermined overhead rate based on machine hours = $6.825 ($27,200/4,000) per machine hour
J P X
Direct materials $100.00 $ 72.00 $48.00
Direct labor 42.00 31.50 12.00
Overhead (machine hour) 27.30 13.65 20.48
$169.30 $117.15 $80.48
Product costs (departmental overhead rates):
Departmental overhead rates per hour:
Department C $4.15 ($16,200/3,900) per labor hour
Department D $2.78 ($11,100/4,000) per machine hour
J P X
Direct materials $100.00 $ 72.00 $48.00
Direct labor 42.00 31.50 12.00
Overhead 16.60 12.45 8.34
$158.60 $115.95 $68.34
Direct material budget. Inglenook Co. produces wine. The company expects to produce 2,500,000 two-liter bottles of Chablis in 2015. Inglenook purchases empty glass bottles from an outside vendor. Its target ending inventory of such bottles is 80,000; its beginning inventory is 50,000. For simplicity, ignore breakage. Compute the number of bottles to be purchased in 2015.
Answer:
2,530,000 bottles
Explanation:
Regarding the above information, we will compute the number of bottles to be purchased in 2015 as seen below
Purchase in units = Usage + Desired ending material inventory units - Beginning inventory units
Purchase in units = 2,500,000 + 80,000 - 50,000
Purchase in units = 2,530,000
Therefore, the number of bottles to be purchases in 2015 is 2,530,000
business environment
Answer:
what?
Explanation:
Answer:
I'm sorry is this a question? If so, the only thing I can answer is.. the Market environment which is basicly a business environment is a marketing term and refers to factors and forces that affect a firm's ability to build and maintain successful customer relationships.
Explanation:
sorry if its not what you asked
Suppose a stock had an initial price of $85 per share, paid a dividend of $1.50 per share during the year, and had an ending share price of $99. a. Compute the percentage total return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the dividend yield
Answer:
18.23%
1.76%
Explanation:
The total return of a stock = price return + dividend yield
Price return calculates the change in price of a stock
Price return = (change in price / initial stock price ) x 100
change in price = $99 - $85 = $14
($14 / $85) x 100 = 16.47%
Dividend yield = (dividend paid / initial price of the stock ) x 100
($1.5 / $85) x 100 = 1.76%
Total return = 16.47% + 1.76% = 18.23%
Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $389,610 for real estate with land, land improvements, and a building. Land is appraised at $247,500; land improvements are appraised at $55,000; and the building is appraised at $247,500. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase.
Answer:
1. Land $175,324.50
Land improvements $38,961
Building $175,324.50
2. Dr Land $175,324.50
Cr Cash $175,324.50
Being entries to recognize cost incurred in the purchase of Land
Dr Land improvements $38,961
Cr Cash $38,961
Being entries to recognize cost incurred in the purchase of Land improvements
Dr Building $175,324.50
Cr Cash $175,324.50
Being entries to recognize cost incurred in the purchase of Building
Explanation:
Using the appraisal method to apportion the cost of an asset to the components of the asset involves the consideration of the appraised cost of each individual item as a portion of the total cost of the asset.
Thus, given that Rodriguez Company pays $389,610 for real estate with land, land improvements, and a building
Appraised cost of
Land = $247,500
Land improvements = $55,000
Building = $247,500
Total appraised cost of the asset = $247,500 +$55,000 + $247,500
= $550,000
Allocated cost of;
Land = $247,500/$550,000 * $389,610
= $175,324.50
Land improvements = $55,000/$550,000 * $389,610
= $38,961.00
Building = $247,500/$550,000 * $389,610
= $175,324.50
Journal entries
Dr Land $175,324.50
Cr Cash $175,324.50
Being entries to recognize cost incurred in the purchase of Land
For journal entries, we debit each of the individual assets account and credit cash to recognize the cost incurred in the purchase of the asset.
8. The interactions between those who ____
and those
who______
drive the market in a capitalist economy.
Answer:
The interactions between those who sell and those who buy drive the market in a capitalist economy.
Explanation:
What are the main tools organizations use to track the progress of a plan?
A. Goals and objectives
O B. Schedules and budgets
C. Customer satisfaction surveys
O D. Sales and revenue
Answer:
schedules and budgets
Explanation:
Iduna Company has adopted the dollar-value LIFO method in 2018. At December 31, 2018, the ending inventory at dollar-value LIFO is $103,000, with a price index of 1.00. At December 31, 2019, the ending inventory using year-end prices is $125,000. The price index is 1.3 in 2019. Round all dollar amounts to the nearest dollar. What is the ending inventory using dollar-value LIFO at December 31, 2019
Answer:
$96,154
Explanation:
Calculation to determine the ending inventory using dollar-value LIFO at December 31, 2019
First step is to calculate the Ending Inventory
Ending Inventory= $125,000/1.3
Ending Inventory =$96,154
Now let calculate the ending inventory using dollar-value LIFO at December 31, 2019
December 31, 2019 Ending inventory using dollar-value LIFO=$96,154* $1
December 31, 2019 Ending inventory using dollar-value LIFO= $96,154
Therefore the ending inventory using dollar-value LIFO at December 31, 2019 will be $96,154
How can life expectancy and literacy rates affect the quality of labor in the economy?
Explanation:
Life expectancy and literacy rates can affect the quality of labor in the economy because if citizens are literate, they are educated and likely have white-collar jobs. Citizens who are illiterate likely have more manual labor jobs.A nation with lower fertility rates will usually have less people, and scarce resources will take longer to run out