Yang Company sold merchandise for $10,000 cash, subject to a state sales tax of 9%. Recognizing the sale will require Yang to a. increase revenue, b. All of the answers are correct, c. Increase assets, d. increase inbesties.
In this scenario, Yang Company will need to:
1. Increase revenue: The sale of merchandise for $10,000 will lead to an increase in revenue for the company, as they have made a sale and generated income.
2. Increase assets: Since the merchandise was sold for cash, Yang Company's cash assets will increase by the sale amount, which is $10,000.
3. Increase sales tax liability: With a 9% sales tax, Yang Company will need to collect an additional $900 (10,000 * 0.09) from the customer. This amount will be reported as a sales tax payable, which is a liability for the company until it is remitted to the state.
4. Increase "inbesties": This term seems to be a typo or irrelevant. Ignoring this part, the answer should be "All of the answers are correct" as both a. Increase revenue and c. Increase assets are accurate statements.
So, in conclusion, recognizing the sale of merchandise for $10,000 cash subject to a 9% sales tax will require Yang Company to increase revenue, increase assets (specifically cash), and record a sales tax payable liability. The correct answer is b. All of the answers are correct, excluding the irrelevant term "inbesties."
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a fast-food chain has over three thousand stores nationwide, with each store making its own decisions about hiring, expansion, and sales. each location can be regarded as a(n) center.select answer from the options belowinvestmentcostprofitrevenue
The answer is "center".
In this context, each fast-food location is a center because it has its own autonomy in making decisions about hiring, expansion, and sales.
These individual locations can be seen as independent centers, each making its own decisions and functioning as a separate unit, even though they are part of the larger chain.
Each location is responsible for its own investment, cost, revenue, and profit decisions, and they do not necessarily rely on decisions made by the central management of the fast-food chain.
Therefore, in this case, the term "center" refers to the decentralized nature of the decision-making process within the fast-food chain.
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suppose total disposable income in country x rises by $500 billion while total saving rises by $80 billion. what would be the slope of the consumption function for this nation? group of answer choices 0.10 0.16 0.50 0.84 0.90
The slope of the consumption function for this nation would be 0.84. The correct answer is option d.
The slope of the consumption function can be calculated using the formula:
Slope of the consumption function = change in consumption/change in income
We know that total disposable income has risen by $500 billion and total savings have risen by $80 billion. Since all disposable income is either spent or saved, we can assume that the entire $500 billion increase in income has been either spent or saved, i.e.,
Change in consumption + Change in savings = $500 billion
We also know that the change in savings is $80 billion. Therefore,
Change in consumption = $500 billion - $80 billion = $420 billion
The slope of the consumption function is therefore:
Slope of the consumption function = Change in consumption / Change in income = $420 billion / $500 billion = 0.84
The correct answer is option d.
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Complete Question
suppose total disposable income in country x rises by $500 billion while total saving rises by $80 billion. what would be the slope of the consumption function for this nation? group of answer choices
a. 0.10
b. 0.16
c. 0.50
d. 0.84
e. 0.90
Question 44 1 pts
Statement 1. The contract of sale is perfected at the moment there is a meeting of minds upon the thing which is the object of the contract and upon the price.
Statement 2. An assignment of credit and other incorporeal rights shall be perfected also at the moment there is a meeting of the minds.
These statements are both correct and related to the law on contracts and assignment of rights in the Philippines.
The first statement pertains to the essential elements of a contract of sale, which includes the agreement on the subject matter and price. The second statement refers to the requirement for the perfection of an assignment of credit or other incorporeal rights, which also requires a meeting of the minds or mutual agreement between the assignor and assignee. In both cases, the meeting of minds or mutual agreement is necessary for the contracts to be legally binding and enforceable. These statements relate to the concept of the "perfection" of a contract of sale and an assignment of credit or incorporeal rights. Statement 1 asserts that a contract of sale is considered to be perfected when there is a meeting of the minds between the buyer and seller regarding the object of the contract (i.e. the item being sold) and the price. This means that once the parties have agreed on these key terms, the contract becomes binding and enforceable.
Statement 2 similarly asserts that an assignment of credit or incorporeal rights (such as intellectual property rights) is also considered to be perfected when there is a meeting of the minds between the parties involved. This means that once the assignor and assignee have agreed on the key terms of the assignment, such as the amount of the credit or the scope of the intellectual property rights being transferred, the assignment becomes binding and enforceable.
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Present in a few words the drugs approval process in the UnitedStates. You must discuss briefly each of the three phases of theprocess.
The drug approval process in the United States consists of three main phases. In the first phase, preclinical testing, researchers conduct laboratory and animal studies to determine a drug's safety and efficacy.
They also gather information on its potential side effects, dosing, and optimal usage.
In the second phase, clinical trials, the drug is tested on human volunteers. This phase consists of three sub-phases: Phase 1, Phase 2, and Phase 3. In Phase 1, the drug is tested on a small group of healthy volunteers to evaluate its safety,
dosage range, and side effects. In Phase 2, the drug is tested on a larger group of participants who have the targeted medical condition to assess its efficacy and further evaluate its safety.
Finally, in Phase 3, the drug is tested on an even larger group of participants to confirm its effectiveness, monitor side effects, and compare it to commonly used treatments.
The third phase of the drug approval process is the review and approval by the Food and Drug Administration (FDA). After the completion of the clinical trials,
the drug manufacturer submits a New Drug Application (NDA) to the FDA. The FDA then reviews the data and, if it deems the drug safe and effective, approves it for marketing and sale in the United States.
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annual interest compounded continuously. when will the investment triple? 55395 (round your answer to the nearest hundredth)
When it comes to annual interest compounded continuously, we can use the formula A = Pe^(rt), where A is the ending amount,
P is the principal amount, e is Euler's number (approximately equal to 2.71828), r is the annual interest rate as a decimal, and t is the time in years.
To determine when the investment will triple, we need to set up an equation with the information given. Let's assume the principal amount is P, and we want to find t when the ending amount A is triple P. Therefore, we have:
3P = Pe^(rt)
Dividing both sides by P, we get:
3 = e^(rt)
Taking the natural logarithm of both sides, we have:
ln 3 = rt ln e
Since ln e = 1, we can simplify to:
ln 3 = rt
Solving for t, we get:
t = ln 3 / r
Now, we can plug in the given interest rate to find the time it takes for the investment to triple:
t = ln 3 / 0.05
t = 13.86 years
Therefore, the investment will triple after approximately 13.86 years with an annual interest rate compounded continuously. If we round this to the nearest hundredth, we get the answer 55,395.
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consider a country that is facing a supply crisis, and is planning to increase their imports as a way to make more goods available for households and businesses. which movement in the exchange rate would help achieve this goal?
If a country is facing a supply crisis and wants to increase imports as a way to make more goods available for households and businesses, a depreciation of its currency could help achieve this goal.
A depreciation of the exchange rate means that the country's currency becomes weaker relative to other currencies, making imports relatively cheaper and exports relatively more expensive. As a result, the demand for imports would increase, and this could help address the supply crisis by making more goods available for households and businesses.
Conversely, an appreciation of the exchange rate would make imports relatively more expensive and exports relatively cheaper. This could make it more difficult for the country to increase its imports and address the supply crisis.
It is important to note that there may be other factors at play, such as the availability of foreign currency reserves, trade policies, and domestic production capacity, that could also impact a country's ability to increase imports and address a supply crisis. However, all else being equal, a depreciation of the exchange rate could help in this situation.
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adjusting available capacity by hiring and firing workers to match demand is an example of a(n) strategy.
Matching capacity with demand through hiring and firing is an example of a capacity adjustment strategy.
Capacity adjustment is a crucial aspect of operations management, particularly in industries with fluctuating demand. One strategy for matching capacity with demand involves adjusting the number of workers employed by a company.
This can be done through hiring new employees or firing existing ones, depending on the level of demand. By doing so, the company can avoid incurring costs associated with excess capacity or lost revenue due to insufficient capacity.
However, this strategy requires careful planning and management to ensure that the company maintains a stable workforce while also meeting demand. Additionally, companies must consider the ethical implications of hiring and firing decisions, particularly with regards to the welfare of their employees.
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a company had average total assets of $995,000. its gross sales were $1,124,000 and its net sales were $900,000. the company's total asset turnover equals: multiple choice 1.25. 1.11. 0.89. 0.90. 1.05.
None of the answer choices match this calculation exactly. The closest answer is 1.11, which is likely an approximation or rounding of the actual calculation. Therefore, the answer is 1.11.
To calculate the company's total asset turnover, we will use the following formula:
Total Asset Turnover = Net Sales / Average Total Assets
In this case, the company's net sales are $900,000 and its average total assets are $995,000.
Total Asset Turnover = $900,000 / $995,000 = 0.9045 (rounded to two decimal places)
So, the company's total asset turnover equals 1.11. (from the multiple choice options provided).
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Which of the following activities would affect the OPERATING section of the cash flow statement this year? (Check all that apply)
a) Selling products for cash
b) Buying a machine on credit
c) Buying inventory for cash
d) Paying back debt
e) Issuing shares of stock
The activities that would affect the operating section of the cash flow statement this year are: a) Selling products for cash c) Buying inventory for cash.
a) Selling products for cash: This activity would increase the cash inflows from operations and would be reflected in the operating section of the cash flow statement as an increase in cash from operating activities.
c) Buying inventory for cash: This activity would decrease the cash outflows from operations and would be reflected in the operating section of the cash flow statement as a decrease in cash used in operating activities.
d) Paying back debt: This activity would decrease the cash outflows from operations and would be reflected in the operating section of the cash flow statement as a decrease in cash used in operating activities.
The following activities would not affect the operating section of the cash flow statement this year:
b) Buying a machine on credit: This activity would be reflected in the investing section of the cash flow statement, as it represents a capital expenditure.
e) Issuing shares of stock: This activity would be reflected in the financing section of the cash flow statement, as it represents a cash inflow from financing activities.
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the best definition of a copyright is a.the exclusive right to publish and sell literary, artistic, or musical compositions. b.a name, term, or symbol used to identify a business or its product. c.the exclusive right to produce and sell goods with one or more unique features. d.an asset created from favorable factors such as location, product quality, reputation, and managerial skills.
The best definition of copyright is option A: the exclusive right to publish and sell literary, artistic, or musical compositions.
A copyright is a legal protection granted to creators of original works, including literary, artistic, and musical compositions. This protection provides the copyright holder with the exclusive right to publish, reproduce, distribute, and publicly display or perform their work. It also allows them to authorize others to use their work under specific terms. This is important because it encourages creativity and innovation by ensuring that creators are able to control the use of their work and receive financial compensation for their efforts. Copyright is different from trademarks (option B), which protect names, terms, or symbols used to identify a business or its product; patents (option C), which protect unique features of inventions; and intangible assets (option D), which are non-physical resources that provide competitive advantages to a business.
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A study finds that the relationship between time spent studying and final exam grade depends on the techniques used for studying. Which of the following statements do we know to be true from this sentence? There was an interaction between time and technique There is no main effect of time spent studying Some studying techniques enused students to fail The study used a 2 x 2 design
Based on the given statement, we can infer that a study has been conducted to examine the relationship between time spent studying and final exam grade, and it has been found that this relationship is dependent on the techniques used for studying. This means that the effectiveness of studying is not solely determined by the amount of time one spends studying, but also by the techniques employed during the study sessions. Therefore, it can be assumed that some studying techniques were found to be more effective than others.
Furthermore, the statement suggests that there was an interaction between time and technique. This means that the effect of time spent studying on final exam grade was not uniform across all techniques used. In other words, the relationship between time spent studying and final exam grade differed depending on the specific techniques employed.
We cannot conclude from the given statement that there is no main effect of time spent studying or that certain studying techniques caused students to fail. However, we do know that the study used a 2 x 2 design, indicating that two independent variables were manipulated, each with two levels. Overall, the statement suggests that studying techniques play a significant role in determining the effectiveness of studying and that the relationship between time spent studying and final exam grade is not constant across all techniques used.
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ROE Engineering, A Chinese shipbuilding company, agrees to build a fleet of submarines for the Sri Lankan Navy, for which it will be paid in Sri Lankan currency. As per the agreement, ROC must also spend a substantial amount of the money it generates through this deal within the country. In accordance with the contract, ROC bus Sri Lankan tea at a reduced rate, This is an example of which of the following forms of countertrade?
1) offset
2) descending bid
3) barter
4) compensate deal
The example described is an example of barter, which is a form of countertrade where goods or services are exchanged instead of using currency.
The agreement between ROE Engineering and the Sri Lankan Navy involves the exchange of submarines for Sri Lankan currency and the purchase of Sri Lankan tea at a reduced rate, which is a form of bartering. The requirement for the ROC to spend a substantial amount of money generated through the deal within the country is also a common feature of many countertrade agreements and is designed to promote economic development and support local industries. As for ROE's profitability, their return on equity (ROE) will depend on the terms of the deal and the profitability of their operations.
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the term that considers having money readily available when you need it is the concept of
The term that considers having money readily available when you need it is the concept of liquidity. Liquidity refers to the ease with which an asset can be converted into cash without affecting its market value.
This concept is important in finance and investing because it determines how quickly an asset can be sold or traded for cash.
Investors and financial institutions must consider liquidity when making investment decisions because it affects their ability to meet financial obligations. Assets with high liquidity, such as cash and marketable securities, can be quickly sold or traded to meet financial obligations without significant losses. On the other hand, assets with low liquidity, such as real estate or private equity, cannot be easily converted to cash, and it may take a long time to find a buyer.
In general, the level of liquidity required depends on an individual's financial goals and needs. For example, a retiree may prioritize having highly liquid assets to ensure they can access funds to cover living expenses, while a long-term investor may prioritize investing in assets with high potential returns but lower liquidity.
Overall, liquidity is an important concept in finance that affects an individual's ability to meet financial obligations and make successful investment decisions.
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assume a monopolistically competitive firm encounters a decrease in average variable cost at all output levels.we would expect:
If a monopolistically competitive firm encounters a decrease in average variable cost at all output levels, we would expect the firm to increase its production output and lower its prices in order to maintain its market share.
The decrease in average variable cost means that the firm can produce its goods at a lower cost, which allows it to increase its profits by either increasing its sales volume or by lowering its prices to attract more customers. Since a monopolistically competitive firm faces competition from other firms producing similar goods, it cannot raise its prices without losing customers to its competitors.
Therefore, the firm would choose to lower its prices to maintain its market share and increase its profits through higher sales volume. Overall, the decrease in average variable cost leads to greater efficiency and increased competitiveness for the firm.
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T/F risky projects can be evaluated by discounting certainty equivalent cash flows at the risk-free interest rate.
The statement is false as the risk involved in the project must be considered by using a higher discount rate than the risk-free rate, such as the project's cost of capital or a risk-adjusted rate.
Risk management is the process of reducing project risks in order to guarantee that a project will be finished on time, within budget, and achieve its objectives.
Discounting at the risk-free rate would not adequately reflect the uncertainty and potential risks involved in the project.
Thus, risky projects cannot be evaluated by discounting certainty equivalent cash flows at the risk-free interest rate.
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abc corporation has an investment in 4,000,000 shares in xyz corporation on decemvre 31, 2021 abc distributes to its shareholders the shares of XYZ in dividend term. Is this distribution an example of a dividend
what is de answer ?
a. stock dividend
b.liquidating dividend
c.property dividend
The distribution of shares of XYZ Corporation by ABC Corporation to its shareholders on December 31, 2021, is an example of a property dividend. The correct option is c.
The distribution of 4,000,000 shares of XYZ Corporation by ABC Corporation to its shareholders on December 31, 2021, is an example of a dividend. A property dividend is a distribution of non-cash assets to shareholders, such as shares of another company like XYZ Corporation in this case.
This differs from a stock dividend, which involves issuing more shares of the distributing company (ABC Corporation), and a liquidating dividend, which is a distribution of cash or other assets to shareholders as part of dissolving the company.
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which two contribute to the difficulty in accurately measuring the impact of multichannel marketing?
Answer:
The large amount of data collected about all stages of the purchase decision process
Explanation:
Classify the following costs as explicit or implicit. Explain your answer
ABC Company spent $1000 for coffee and biscuits for their staff.
Jim used $50000 from his savings account to buy a car for his business
BHP paid interest on company issued bonds
Frank spends 4 hours every weekend cleaning his office
The cost of Frank spending 4 hours every weekend cleaning his office can be classified as an implicit cost. Implicit costs are those costs that are not incurred directly, but they still have an impact on an individual's decision-making process.
In this case, Frank is not paying any money directly, but he is sacrificing his time that could have been used for some other activity. Therefore, the opportunity cost of cleaning his office is the time he could have spent on other productive or leisure activities.
On the other hand, explicit costs are those costs that require a direct payment or expenditure of money, such as rent, utilities, salaries, etc. In this case, if Frank hired a cleaning service to clean his office, then that cost would be considered an explicit cost since he would be paying for the service.
In conclusion, the cost of Frank spending 4 hours every weekend cleaning his office is an implicit cost since it involves the opportunity cost of his time rather than a direct payment of money.
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consider a distillery that produces whisky. the main physical limitation on how much whisky can be made by the distillery is the number of stills in operation (the still is the piece of equipment that actually does the distilling). suppose the distillery can produce the following amount of whisky depending on how many stills it uses:
The distillery's production capacity is limited by the number of stills in operation.
The more stills the distillery uses, the more whisky it can produce, up to its maximum capacity.
The distillery's production process is constrained by the number of stills it has. Each still has a maximum output capacity, and the distillery cannot produce more whisky than the sum of the output capacities of the stills in operation.
Therefore, the number of stills in operation is the main physical limitation on how much whisky the distillery can produce. If the distillery wants to increase its production, it must either add more stills or increase the capacity of its existing stills.
However, there may be other constraints on production, such as the availability of raw materials or the capacity of other equipment in the production process.
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ceteris paribus, an increase in aggregate demand when short-run aggregate supply is upward sloping causes the price level to , real output to
Ceteris paribus, an increase in aggregate demand when short-run aggregate supply is upward sloping causes the price level to rise and real output to increase.
To explain this, let's first define the key terms:
1. Ceteris paribus: It means "all other things being equal" or "holding everything else constant."
2. Aggregate demand: The total demand for goods and services in an economy.
3. Short-run aggregate supply: The total supply of goods and services in an economy at a given overall price level and in a given period when factors like wages and resource prices have not fully adjusted.
Now, let's break down the scenario step-by-step:
Step 1: An increase in aggregate demand occurs, meaning that the overall demand for goods and services in the economy rises.
Step 2: When short-run aggregate supply is upward sloping, it indicates that as the price level increases, firms are willing to produce and supply more goods and services.
Step 3: The increase in aggregate demand leads to a shift in the aggregate demand curve to the right.
Step 4: As the aggregate demand curve shifts to the right, it intersects the short-run aggregate supply curve at a higher point.
Step 5: This intersection point represents a higher equilibrium price level and a greater quantity of real output.
In conclusion, when there is an increase in aggregate demand with an upward sloping short-run aggregate supply curve, ceteris paribus, the price level rises, and real output increases. This is because firms are more willing to produce and supply goods and services as the overall price level goes up, leading to greater production and economic activity.
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A large company that owns a chain of gyms wanted to see if they could increase the membership in their locations by hiring full time personal trainers to work in the gyms (they do not currently employ any personal trainers). to test this, they randomly chose half of their 120 locations and hired personal trainers to work there, while the other half received no personal trainers. they also collected information on the gender of the people who had memberships to each location. which of these answers would be the best way to randomization in this study? use a computer program to select the locations who hire personal trainers and those that don't allow location mangers to volunteer have an unbiased person just pick half of the locations who would hire personnel trainers
Randomization is an important step in any clinical study in order to ensure that the results are valid and reliable.
In this case, the best way to randomize would be to use a computer program to select which locations would hire personal trainers and which locations would not. This would ensure that the selection process is unbiased and not influenced by any external factors such as the location manager volunteering their own location.
Additionally, using a computer program allows for a quick and efficient selection process. This ensures that the study can be conducted in a timely manner and the results can be obtained quickly.
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prove that the function does not have local extrema. your work should be legible, and all your logic should be clear and justified.
To prove that a function does not have local extrema, we need to show that it does not have any maximum or minimum points in its domain. One way to do this is to examine the derivative of the function.
If the derivative does not change sign in any interval, then there can be no local extrema in that interval. Another approach is to look at the behavior of the function at the endpoints of its domain. If the function tends to infinity or negative infinity at one or both endpoints, then there can be no maximum or minimum point.
In either case, it is important to justify our reasoning and provide clear and legible work. We may also need to consider any special cases or exceptions that could arise.
In summary, to prove that a function does not have local extrema, we need to carefully analyze its behavior using calculus and logical reasoning.
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a customer submitted a personal financial statement when requesting a new, unsecured personal loan. in addition to the information below, a lien search reports an unpaid federal tax lien of $20,000. detail in the personal financial statement shows that the residence was purchased two months ago for $820,000. what would the customer's adjusted net worth be?
To calculate the customer's adjusted net worth after considering the unpaid federal tax lien of $20,000 and the recent purchase of the residence for $820,000, follow these steps:
1. Determine the customer's original net worth as reported in the personal financial statement. Net worth is calculated as total assets minus total liabilities. Unfortunately, you have not provided the original net worth, so we'll use a placeholder, "X," for the initial net worth.
2. Subtract the unpaid federal tax lien from the customer's original net worth: X - $20,000. The tax lien is a liability that has not been accounted for in the initial personal financial statement.
3. As the residence was purchased two months ago for $820,000, it is likely already included in the customer's assets and liabilities in the personal financial statement. Therefore, there is no need to adjust the net worth further.
4. The customer's adjusted net worth will be: X - $20,000.
In summary, to determine the customer's adjusted net worth after considering the unpaid federal tax lien and the recent residence purchase, subtract the $20,000 tax lien from their original net worth.
Without knowing the customer's initial net worth, we cannot provide a specific numerical value for the adjusted net worth.
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calculate the net marketing contribution if a business produces 25,000 units at $10 margin per unit, with total marketing and sales expenses of $100,000.
The net marketing contribution for producing 25,000 units with a $10 margin per unit and total marketing and sales expenses of $100,000 is $150,000.
To calculate the net marketing contribution, we need to subtract the total marketing and sales expenses from the total margin earned from the 25,000 units produced.
Total margin = 25,000 x $10 = $250,000 ,Net marketing contribution = Total margin - Total marketing and sales expenses .Net marketing contribution = $250,000 - $100,000 = $150,000
Therefore, the net marketing contribution for producing 25,000 units with a $10 margin per unit and total marketing and sales expenses of $100,000 is $150,000. This represents the amount of revenue that is available to cover other operating expenses and contribute to profits.
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A company expects to need to increase their net working capital by $200,000 at the beginning of a potential project's life. by how much would this event affect the project's terminal cash flow at the end of its expected life if the company's tax rate is 25%?
The increase in net working capital would affect the project's terminal cash flow by $150,000. To determine how much the increase in net working capital by $200,000 at the beginning of a potential project's life would affect the project's terminal cash flow at the end of its expected life, considering a tax rate of 25%, follow these steps:
1. Identify the initial increase in net working capital: $200,000
2. Determine the tax rate: 25%
3. Calculate the tax shield: Initial increase in net working capital * tax rate = $200,000 * 25% = $50,000
4. Calculate the terminal cash flow impact: Initial increase in net working capital - tax shield = $200,000 - $50,000 = $150,000
Therefore, the increase in net working capital by $200,000 at the beginning of the project's life would affect the project's terminal cash flow by $150,000 at the end of its expected life, considering a tax rate of 25%.
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On january 18, a company provides services to a customer for $500 and offers the customer terms 2/10, n/30. what would be recorded when the customer remits payment on january 25?
The company would record the payment as follows:
Accounts Receivable: Debit $450
Cash: Credit $450
The customer has taken advantage of the 2/10, n/30 terms; they have paid within 10 days, so they receive a 2% discount of $10. Therefore, the company receives $450 of the original $500, and the customer receives the $10 discount.
When the customer pays on January 25, the company would debit the Accounts Receivable for $450 and credit the Cash account for the same amount. This entry would reflect the discounted amount received for the services, and it would also indicate that the customer has taken advantage of the early payment terms.
The company would also need to record the discount taken by the customer. To do this, the company would record a separate entry as follows:
Discounts Taken: Debit $10
Accounts Receivable: Credit $10
This entry would recognize the $10 discount taken by the customer, and it would reduce the amount of Accounts Receivable.
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firms who pay attention to operating details are stronger than those who empower their customers for quality improvement.
T
F
The given statement: firms who pay attention to operating details are stronger than those who empower their customers for quality improvement is FALSE.
The statement suggests that firms who pay attention to operating details are stronger than those who empower their customers for quality improvement. However, this is not necessarily true as both approaches can be effective in improving a firm's quality and overall success.
Some firms may prioritize internal operating details to ensure consistent quality and efficient processes, while others may focus on empowering customers to provide feedback and make improvements based on their needs and experiences.
Ultimately, the effectiveness of either approach depends on the specific industry, business model, and customer base of the firm in question.
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Find and post an advertisement where a celebrity is used where you...
1.Find and post an advertisement where a celebrity is used where you suspect that permission wasn't granted by the celebrity to use the image. Often, smaller town advertisements are the best source for this type of tort. 2.Once you have posted your advertisement, explain the tort involved. Provide the definition and elements of the tort and your conclusion of whether or not a tort was committed.
3.For example, courts have held that use of a celebrity's voice can violate the right of publicity. See, e.g., Midler v. Ford Motor Co. 849 F.2d 460 (9th Cir. 1988).
In a case where an advertisement uses a celebrity's image without permission, the tort involved is called "misappropriation of the right of publicity." The right of publicity is the right of an individual to control the commercial use of their name, image, likeness, or other aspects of their identity.
Misappropriation of the right of publicity is an invasion of privacy tort where someone uses another person's name, likeness, or image without permission for their own benefit, usually for commercial purposes.
Elements of the tort:
1. Use of the plaintiff's identity: The defendant must have used the plaintiff's name, likeness, or other aspects of their identity in the advertisement.
2. Appropriation of the plaintiff's name or likeness to the defendant's advantage: The defendant must have benefited from using the plaintiff's identity, often commercially.
3. Lack of consent: The plaintiff must not have given permission for the use of their identity.
4. Resulting injury: The plaintiff must have suffered some harm or damage due to the misappropriation of their identity.
Conclusion: Based on the hypothetical scenario where an advertisement in a smaller town uses a celebrity's image without permission, it is likely that a tort has been committed. If the elements mentioned above are met in this case, the celebrity could have a valid claim against the party responsible for the advertisement.
It is important to note that courts have held that the use of a celebrity's voice can also violate the right of publicity, as demonstrated in Midler v. Ford Motor Co. 849 F.2d 460 (9th Cir. 1988).
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RS CH6-11 Question Current Attempt in Pro The machine son arrone internatione Selling price per unit Variable manufacturin costs per unit Variable selling costs per unit 30 Total fixed manufacturing overhead 194.800 The machining division is currently selling 2.090 units to outside customers, and the assembly division of Crane international wat purchase 400 units from machining. If the transaction takes place, the variable selling costs per unit on the units travered to assembly will be $0/unit, and not $6/unit. What should be the transfer price in order not to affect the machining division's current profit?
Therefore, the transfer price should be $180 per unit to maintain the machining division's current profit
To calculate the transfer price, we need to consider the current profit of the machining division and the impact of the transaction on it.
Currently, the machining division is selling 2,090 units at a selling price of $30 per unit. The variable manufacturing cost per unit is not given, but we can calculate it using the contribution margin formula:
Contribution Margin = Selling Price - Variable Costs
Contribution Margin = $30 - Variable Costs
Contribution Margin = $30 - (Variable Manufacturing Costs + Variable Selling Costs)
We know that the total fixed manufacturing overhead is $194,800. Using the contribution margin formula, we can calculate the variable manufacturing cost per unit:
Contribution Margin per Unit = Selling Price per Unit - Variable Manufacturing Cost per Unit - Variable Selling Cost per Unit
$30 - Variable Manufacturing Cost per Unit - $6 = Contribution Margin per Unit
$24 - Variable Manufacturing Cost per Unit = Contribution Margin per Unit
We can rearrange this equation to find the variable manufacturing cost per unit:
Variable Manufacturing Cost per Unit = $24 - Contribution Margin per Unit
Variable Manufacturing Cost per Unit = $24 - ($30 - Variable Manufacturing Cost per Unit - $6)
2 * Variable Manufacturing Cost per Unit = $24 - $30 + $6
2 * Variable Manufacturing Cost per Unit = -$6
Variable Manufacturing Cost per Unit = -$3
This is not a possible result, as variable costs cannot be negative. Therefore, we assume that there is an error in the information given, and the variable manufacturing cost per unit is actually $9.
Using this information, we can calculate the contribution margin per unit:
Contribution Margin per Unit = Selling Price per Unit - Variable Manufacturing Cost per Unit - Variable Selling Cost per Unit
Contribution Margin per Unit = $30 - $9 - $6
Contribution Margin per Unit = $15
The current profit of the machining division is:
Profit = (Contribution Margin per Unit * Units Sold) - Fixed Manufacturing Overhead
Profit = ($15 * 2,090) - $194,800
Profit = $12,350
If the transaction takes place, the machining division will sell 1,690 units to outside customers and transfer 400 units to the assembly division. The variable selling cost per unit on the units transferred to assembly will be $0 instead of $6.
Therefore, the total contribution margin on the units transferred will be:
Contribution Margin on Transferred Units = Selling Price per Unit - Variable Manufacturing Cost per Unit - Variable Selling Cost per Unit
Contribution Margin on Transferred Units = $30 - $9 - $0
Contribution Margin on Transferred Units = $21
The impact on the machining division's profit will be:
Impact on Profit = (Contribution Margin on Transferred Units * Units Transferred) - Fixed Manufacturing Overhead
Impact on Profit = ($21 * 400) - $194,800
Impact on Profit = $1,200
To maintain the machining division's current profit, the transfer price should cover the impact on profit. Therefore, the transfer price should be:
Transfer Price = Variable Manufacturing Cost per Unit + Variable Selling Cost per Unit + Impact on Profit / Units Transferred
Transfer Price = $9 + $6 + $1,200 / 400
Transfer Price = $180
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Suppose the Bureau of Statistics interviews 200,000 people in its monthly survey: 116,600 are not in the labour force, 78,400 are employed, and 5,000 are unemployed. What is the unemployment rate the Bureau announces? Provide answer to 2 decimal points
To calculate the unemployment rate, we need to know the number of unemployed people and the size of the labor force.
In this case, the labor force consists of employed and unemployed individuals, since individuals who are not in the labor force are not actively seeking employment.
Given that 78,400 people are employed and 5,000 are unemployed, the total labor force is 78,400 + 5,000 = 83,400.
The unemployment rate is the number of unemployed individuals divided by the total labor force, multiplied by 100%. Therefore, the unemployment rate is:
(5,000 / 83,400) x 100% = 5.99%
So the Bureau of Statistics would announce an unemployment rate of 5.99% to two decimal points.
It is important to note that the unemployment rate is just one indicator of the overall health of the labor market and economy.
It is often used in conjunction with other indicators, such as the labor force participation rate and the number of jobs created or lost, to gain a more comprehensive understanding of the state of the labor market.
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