You are working at the campus bookstore, earning $9.00 per hour. Your manager tells you that in the upcoming year, you will get a 2% raise.

a. What is the approximate change in your real wage if inflation is 1%?
b. What is the approximate change in your real wage if inflation is 2%?
c. What is the approximate change in your real wage if inflation is 3%?

Answer:

Randa Merchandising, Inc.

1. Indication of where each of the following income-related items for this company appears on its 2017 income statement.

Income Statement

1. Net Sales

2. Cost of goods sold

3. Depreciation expense

4. Income taxes expense

5. Gain on state's condemnation of company property, net of tax

6. Gain on sale of wholesale business segment, net of tax

7. Loss from operating wholesale business segment, net of tax

8. Loss of assets from a meteor strike, net of tax

Explanation:

Randa's income statement is prepared using a step-by-step approach.  It starts with the net sales from which the cost of goods sold is deducted to arrive at the gross profit.  Thereafter, the operating expenses are deducted to obtain the operating income.  Based on this, income taxes are computed before arriving at the operating income after taxes.  And then, the extraordinary items are disclosed (net of taxes) before arriving at the net income.

Answer:

Part 1. If you were to attend college, the present value of your tuition payments would total _______

$33,870.00

Part 2. The present value of your annual earnings of $50,000 as a college graduate is _______

$741,407.10

Part 3 The net present value of going to college is _____

$707,537.10

Part 4. The present value of your annual earnings of $34,000 if you don't go to college is ________

$719,270

Explanation:

a) Data and Calculations:

Annual Tuition, etc = $10,000

Number of college years = 4

Interest rate = 7%

Present Value Annuity Factor = 3.387

PV of $10,000 = $10,000 * 3.387 = $33,870

Annual salary after college in 4 years' time = $50,000

Number of years earning salary = 40 years

Present value annuity factor = 19.434 * 0.763 = 14.828142 (reduced to earnings after 4 years)

PV of $50,000 = $50,000 * 14.828142 = $741,407.10

NPV of going to college = $741,407.10 - $33,870 = $707,537.10

Annual salary without college = $34,000

Number of years earning salary without college = 44 years

Present value annuity factor = 21.155

PV of $34,000 in perpetuity = $34,000 * 21.155 = $719,270

Answer:

D. Scrum of scrums

Explanation:

When groups are divided into Agile teams of 5persons to 10 persons, . Every daily scrum that is within each of these sub-team is usually ended by making one member in the sub team as ambassador. The ambassador would then participate in a daily meeting with other appointed ambassadors from other sub-teams. This Is what is known as the Scrum of Scrums.

Answer:

$276,100

Explanation:

Preparation of the operating activities section of the statement of cash flows for 2020

GUTIERREZ COMPANY Statement of Cash FlowsFor Year Ended December 31, 2020

Cash flows – operating activities

Net income $196,100

Add Reconciling adjustments to net income to netcash provided by activities:

Depreciation expense$47,400

Loss on Disposal of plant assets $5,600

Increase in Accounts payable $12,900

Decrease in Accounts receivable $10,900

Decrease in Prepaid expenses $3,200

Net cash – operating activities $276,100

Therefore the operating activities section of the statement of cash flows for 2020 will be $276,100

Answer:

Price controls are government-mandated minimum or maximum prices set for specific goods and are typically put in place to manage the affordability of the goods. ... Over the long term, price controls can lead to problems such as shortages, rationing, inferior product quality, and black markets.

Explanation:

hope you get it right! ✋

Answer and Explanation:

Microeconomics is the study of the individual regarding the decision related to market demand and supply

While the macroeconomics would deals with the country like gross domestic product, national income etc

Based on this, the classification is as follows:

1. Microeconomics

2. Macroeconomics

3. Microeconomics

4. Microeconomics

5. Microeconomics

Answer:

(C).They tend to live comfortably as long as they have jobs

Answer:

C. "They tend to live comfortably as long as they have jobs."

Solution :

It is given : loan amount = $12,000

Time to repay = 12 months

Finance charge = $ 632

AT the interest rate, outflow = inflow

The present value of the loan amounts = loan amount

[tex]$1000+632+[1000 \times (PVAF (r ,11))]=12000$[/tex]

[tex]$1000 \times PVAF(r,11)=12000-1632$[/tex]

[tex]$PVAF(r,11)=\frac{10368}{1000}$[/tex]

[tex]$PVAF(r,11)=10.368$[/tex]

Now using the annuity table we get

PVAF(1%, 11)=10.9676

This is equal to 10.368 (approximately)

∴ [tex]$r=1$[/tex] % per month of compounded monthly

So the annual interest rate is :

[tex]$=[(1+0.01)^{12}]-1$[/tex]

[tex]$r=[(1.01)^{12}]-1$[/tex]

[tex]$r = 12.68$[/tex] %

  = 12.70 %

Hence the correct option is (a).

[tex]\text{It is given : loan amount} = $12,000\\\text{Time to repay} = 12 months\text{Finance charge} = $ 632\\\text{At the interest rate, outflow = inflow}\\\text{The present value of the loan amounts = loan amount}[/tex]

[tex]1000 + 632 + [ (P.V (r.11))] = 12,000\\\\1000 \text { x } P.V (r,11) = 12,000 - 1,632\\\\P.V (r.11) = \frac{10,368}{1000}\\\\P.V (r,11) = 10.368[/tex]

[tex]\text{Now using the annuity table we get} \\P.V (0.01, 11) =10.9676\\\text{This is equal to 10.368 (approximately)}[/tex]

[tex]r = 0.01 \text{ per month}\\\text{ Annual Interest rate}:\\r= [(1+0.01}^{12}] - 1\\r= [(1.01}^{12}] - 1\\r= 12.68\\[/tex]

Therefore, the closest option among the following choices is an option (a), i.e., 12.7%

For more information about the annual interest rate, refer below

https://brainly.com/question/16544946

Answer:

a. costs to purchase

c. shipping costs

d. costs to prepare for sale

Explanation:

Merchandise inventory is a commodity offered for sale. It is the cost of goods that is readily available at hand which is ready for sale From the options; the Merchandise inventory includes: costs to purchase, shipping costs and costs to prepare for sale.

The remaining options are addressed in the income statement.

Answer:

True

Explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

Answer:

C) Leasing costs $145 more than buying

Explanation:

Calculation for the cost of leasing the laptop over buying it outright

First step is to get find the Present value (PV) using financial calculator

Rate =1.17% ( ⁴ 14% ÷ 12 months)

NPER=48 months ( 4 years × 12 month)

PMT=$75

FV=$0.00

Hence,PV will be :.

PV=$2,744.59

Now let calculate the cost of leasing

Cost of leasing= $2,744.59 - $2,600

Cost of leasing= $144.59

Cost of leasing=$145 Approximately

Therefore the cost of leasing the laptop over buying it outright will be $145

Answer:

D) Service Revenue

Explanation:

From the question we are informed about the Robert Rogers, CPA who performed accounting services for a client in December. A bill was mailed to client on December 30. Roberts received a check in the mail on January 5. The revenue principle would require that which of the following accounts appear on the income statement for the year ended December 31 is Service revenue.

Service revenue can be regarded as

the income that is been generated by a company through the service they provide. This amount can be seen on the top of the company's income statement, and there is addition of this amount to the revenue gotten from

product earnings so that total revenue of company can be calculated for a specific period of time.

Answer:

Since the inventory was understated, that means that the cost of goods sold was overstated. Since the COGS was higher, gross profits and operating income were lower. This results in lower than income taxes, and lower net income.

Lower net income results in understated retained earnings (by $427,000), also taxes payable, a liability, will also be understated by $183,000. On the other side of the balance sheet, assets ill be understated by $610,000.

Explanation:

Answer:

c: increase in the bargaining power of suppliers of a critical input

Explanation:

Five Forces Framework by Porter's can be regarded as a method involving analysis of competition in a business. It's analysis dream through

industrial organization economics determine forces that are responsible for competitive intensity. The forces are;

✓potential new market entrants

✓number and power of a company's competitive rivals

✓ influence of suppliers, customers,on company's profitability.

It should be noted that Consolidation among fuel providers serving airport facilities is viewed in the five forces model of competition as a increase in the bargaining power of suppliers of a critical input.

Answer:

$242,000

Explanation:

Calculation of the total amount of manufacturing overhead actually incurred:

Particulars                                                    Amount

Indirect Materials                                         $42,000

Indirect labor                                                $101,000

Depreciation On factory equipment           $42,000

Additional Manufacturing Overhead          $57,000

Total Manufacturing Overhead incurred $242,000

Answer:

The function/formula for PV is PV(Rate,Nper,PMT,FV) where Rate = YTM, Nper = Period, PMT = Coupon Payment and FV = Face Value of Bonds.

a. Miller Bond  

Here, Rate = 6%/2 = 3%, Nper = 18*2 = 36, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]  

Bond Price = PV(3%,36,40,1000)

Bond Price = $1,218.32

Modigliani Bond

Here, Rate = 8%/2 = 4%, Nper = 18*2 = 36, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]

Bond Price = PV(4%,36,30,1000)

Bond Price = $810.92

b.   1 Year from Now

Miller Bond

Here, Rate = 6%/2 = 3%, Nper = 18*2 = 34, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]  

Bond Price = PV(3%,34,40,1000)

Bond Price = $1,211.32

Modigliani Bond  

Here, Rate = 8%/2 = 4%, Nper = 17*2 = 34, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]

Bond Price = PV(4%,34,30,1000)

Bond Price = $815.89

9 Years from Now  

Miller Bond

Here, Rate = 6%/2 = 3%, Nper = 9*2 = 18, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]  

Bond Price = PV(3%,18,40,1000)

Bond Price = $1,137.54

Modigliani Bond

Here, Rate = 8%/2 = 4%, Nper = 9*2 = 18, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]

Bond Price = PV(4%,18,30,1000)

Bond Price = $873.41  

13 Years from Now

Miller Bond

Here, Rate = 6%/2 = 3%, Nper = 5*2 = 10, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]  

Bond Price = PV(3%,10,40,1000)

Bond Price = $1,085.30

Modigliani Bond

Here, Rate = 8%/2 = 4%, Nper = 5*2 = 10, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]

Bond Price = PV(4%,10,30,1000)

Bond Price = $918.89  

17 Years from Now  

Miller Bond

Here, Rate = 6%/2 = 3%, Nper = 1*2 = 2, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]  

Bond Price = PV(3%,2,40,1000)

Bond Price = $1,019.13  

Modigliani Bond  

Here, Rate = 8%/2 = 4%, Nper = 1*2 = 2, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]

Bond Price = PV(4%,2,30,1000)

Bond Price = $981.14

18 Years  

Miller Bond

Here, Rate = 6%/2 = 3%, Nper = 1*2 = 2, PMT = 1,000*8%*1/2 = $40 and FV = $1,000 [we use 2 since the bond is semi-annual]  

Bond Price = PV(3%,0,40,1000)

Bond Price = $1,000

Modigliani Bond

Here, Rate = 8%/2 = 4%, Nper = 0, PMT = 1,000*6%*1/2 = 30 and FV = $1,000 [we use 2 since the bond is semi-annual]  

Bond Price = PV(4%,0,30,1000)

Bond Price = $1,000

Answer:

The Source Documents include:

Sales ticket  

Telephone bill

Invoice from supplier  

Bank statement

Explanation:

Source documents are the original documents through which business transactions are initiated.  They include receipts, bills, invoices, statements, checks, etc. They usually document or initiate a transaction. Any time a business spends or receives money or enters into a contract with another party, a source document is created. Source documents form an integral part of the accounting and bookkeeping process, and auditors need them to trace records to the underlying transactions.

Answer:

a)

cash                                             common stock

48,000                                                         48,000

                2,100

45,900              

equipment                                 note payable

8,400                                                           6,300

b)

Assets                       =     Liabilities        +           Equity

$54,300                           $6,300                        $48,000

c)

there is no transaction in (c) and the corporation is a separate entity and Conor's personal accounts are not part of it.

Answer:

$537,300

$378,700

Explanation:

1. Cost of goods manufactured

Direct material Jan 1 2017

$21,000

Add purchases of raw materials

$150,000

Less raw materials December 2017

($30,000)

Materials used in production

$141,000

Direct labor

$220,000

Manufacturing overhead

$180,000

Total manufacturing cost

$541,000

Add work in process inventory at Jan

$13,500

Less ending work in process inventory

($17,200)

Cost of goods manufactured

$537,300

2. Income statement through gross profit

Sales revenue

$910,000

Less cost of goods sold:

Cost of goods manufactured

$537,300

Add: finished goods at 1 Jan 2017

$27,000

Less: finished goods at 31 2017

($21,000)

Gross profit

$378,700

Answer A

Explanation:

Answer:

1. not all people want to wear a mask when they walk into their store

2. a lot of their workers probaly quit or have corona, this would make it harder to make decisions with not a lot people to work!

Explanation:

Answer: B. Has the second-highest turmeric content and anti-inflammatory properties

Made with superior quality ingredients

Taste rated as 7/10

Explanation:

The formula in B would be the most attractive because it is a compromise between the first and the second more 'extreme' formulas.

The first one for instance has the highest turmeric content but is lacking in taste. The third has the lowest content and is sweet. Consumers would most probably go for a compromise and pick the formula with the second highest content and not to bad taste wise whilst still being made of superior ingredients.

Answer:

All the blanks are filled with explanation below.

Explanation:

Solution:

Let's extract the meaning of data from the data given.

Boston produces 3 red socks per worker per hour and 6 white socks per worker per hour

B = 1 worker = 1 hour = produces 3 pairs Red Socks

B = 1 worker = 1 hour = produces 6 pairs white socks

Boston = whites socks in terms of red socks

6 white socks = 3 red socks

white socks = 3/6 red socks

white socks = 0.5 pairs of red socks.

Chicago = white socks in terms of red socks

4 white socks = 5 red socks

white socks = 5/4 red socks

white socks  = 1.25 red socks

C = 1 worker = 1 hour = produces 5 pairs Red socks

C = 1 worker = 1 hour = produces 4 pairs white socks

It means in Boston, we have advantage of producing white socks and in Chicago we have advantage of producing red socks.

Fill in the blanks: (Note: Bold words are blanks filled)

1. The price of pair of white socks (in terms of red socks) in Boston is 0.5 pairs of red socks of red socks, and in Chicago it is 1.25 red socks of red socks.

2.Chicago has an absolute advantage in the production of red socks, and Boston has an absolute advantage in the production of white socks.

3. Chicago has a comparative advantage in the production of red socks, and Boston has a comparative advantage in the production of white socks.

4. If the cities trade with each other, Boston will export white socks, and Chicago will export red socks.

5. The price of white socks can be expressed in terms of red socks. The highest price at which white socks can be traded that would make both cities better off is 1.25 of red socks per pair of white socks, and the lowest price that makes both cities better off is 0.5 of red socks per pair of white socks.

Answer:

1. $15,500

2. $11,700

Explanation:

Given the following information,

the company sold 1,900 units

Total sales were $152,000

Total variable expenses were $79,800

Total fixed expenses were $56,700

The structure for Contribution income margin format is seen below;

Income statement:

Sales

- Total Variable cost

= Contribution margin

- Fixed costs

= Net Operating income

1. Income statement

Sales = $152,000

Less Total variable cost = ($79,800)

Contribution margin = $72,200

Less Total Fixed costs = ($56,700)

Net operating income = $15,500

2. Here, we need to calculate the unitary selling price and the unitary variable cost

Selling price = $152,000 ÷ 1,900 units = $80

Unitary Variable cost = $79,800 ÷ 1,900 units = $42

Therefore,

Sales = 1,800 units × $80

$144,000

Less total variable cost = 1,800 units × $42

$75,600

Contribution margin

$68,400

Less total fixed costs

$56,700

Net operating income

$11,700