During the Great Depression, the banking panics affected the money supply by leading to a decrease in the supply of money.
When people heard rumors that a bank was in danger of failing, they would rush to withdraw their money from the bank. The bank would be unable to pay out all of the deposits, as it kept only a fraction of the deposits as reserves. This led to bank failures and a contraction in the money supply. As banks failed, the supply of money in the economy declined because people lost their savings and businesses were unable to borrow funds to finance their operations.
This in turn led to a reduction in economic activity, which worsened the Depression. The US government intervened to restore confidence in the banking system and prevent further failures. They introduced reforms such as deposit insurance to protect people's savings and established the Federal Deposit Insurance Corporation (FDIC) to oversee the insurance program.
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can you think of ways to answer a scentific question
Answer:
It can be answered through experiment, observation, or other data collection, by analyzing measurable data and evidence. And a testable question is one based on scientific ideas, not opinions, morals or other subjective things. The answer should be objective and clear. Science is about collecting data.
i failed on edg course bc of yall
Which substantive audit sampling technique would be most appropriate to test the inventory monetary balance when you are performing an inventory count observation and making selections from a hard copy inventory listing for which no electronic copy is available? Monetary Unit Sampling or MUS. Stratified sampling. Attribute sampling. KPMG Sampling Plan or KSP
When performing an inventory count observation and making selections from a hard copy inventory listing for which no electronic copy is available, the most appropriate substantive audit sampling technique to test the inventory monetary balance would be Monetary Unit Sampling (MUS).
MUS is a statistical approach used in auditing to estimate whether the financial statements are materially correct. This method involves selecting items from a population based on their individual dollar value. It is designed to detect material misstatements by testing relatively few transactions but providing a high degree of precision.
In the case of inventory, MUS would involve dividing the inventory into relatively homogenous groups based on their dollar values, and then selecting a sample of units from each group for testing. This would enable auditors to focus their efforts on the higher risk areas of the inventory, while still achieving a reasonable level of assurance about the overall accuracy of the inventory balance.
Stratified sampling could also be used in this scenario. However, MUS is generally considered to be more appropriate when testing the monetary balance of inventory because it is specifically designed to account for the varying dollar values of individual items in the population. Attribute sampling and KPMG Sampling Plan (KSP) would not be suitable for testing the monetary balance of inventory as they are primarily used to test the effectiveness of internal controls.
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In 2019, McKenzie purchased qualifying equipment for his business that cost $212,000. The taxable income of the business for the year is $5,600 before consideration of any Section 179 deduction.
a. Calculate McKenzie’s Section 179 expense deduction for 2019 and any carryover to 2020.
b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using Section 179 expensing?
Answer:
A) The cost reduction for 2019 is $5,600. His accumulation to 2020 from Sec 179 is $206,400.
B) The allowance for spending is $0 for 2019. His accumulation to 2020 with Sec 179 is $0.0.
Explanation:
1) As per sections 179, a total of $212,000 is available for deduction, but the payment is related to taxable investment income as a restriction. Company revenue here is $5,600. Exemption is then decreased to $5,600 and holdover to nest year without $206,400 is the residual expense.
2) When we seek extra first-year expense, regardless of taxable business profits, we will claim the entire equipment costs as a deductible. So, Section 179 is going to be Zero and there's no reason to roll on to next term because in the first last year we were claiming maximum costs.
Match the steps that marketing management performs to the scenarios that describe the steps
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
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A firm's cost of capital is often a reflection of its activities and funding needs. Consider the case of Wizard Company and answer the following questions: Wizard Co. currently has only a real estate division and uses only equity capital; however, it is considering creating consulting and distribution divisions. Its beta is currently 1.3. The risk-free rate is 4.8%, and the market risk premium is 5.8%. This means that the firm's real estate division will have a cost of capital of: 11.04% 12.34% 9.60% 3.36% The consulting division is expected to have a beta of 1.9, because it will be riskier than the firm's real estate division. This means that the firm's consulting division will have a cost of capital of: 15.82% 16.77% 17.17% 18.32% The distribution division will have less risk than the firm's real estate division, so its beta is expected to be 0.4. This means that the distribution division's cost of capital will be: 7.12% 17.77% 16.57% 17.87% Wizard Co. expects 65% of its total value to end up in the real estate division, 25% in the consulting division, and 10% in the distribution division. Based on this information, what rate of return should its investors require once it opens the new divisions? (Note: Round your intermediate calculations to two decimal places.) 12.69% 15.54% 13.99% 17.44%
The cost of capital for Wizard Co.'s real estate division can be calculated using the Capital Asset Pricing Model (CAPM). The formula is:
Cost of Capital = Risk-Free Rate + Beta * Market Risk Premium
Given that the beta for the real estate division is not provided, we can assume it to be the same as the current beta of the firm, which is 1.3.
Cost of Capital for Real Estate Division = 4.8% + 1.3 * 5.8% = 12.34%
For the consulting division, the given beta is 1.9.
Cost of Capital for Consulting Division = 4.8% + 1.9 * 5.8% = 16.77%
The distribution division has a beta of 0.4.
Cost of Capital for Distribution Division = 4.8% + 0.4 * 5.8% = 7.12%
To determine the rate of return required by investors, we need to calculate a weighted average cost of capital (WACC) based on the divisional weights provided.
WACC = (Weight of Real Estate * Cost of Capital for Real Estate) + (Weight of Consulting * Cost of Capital for Consulting) + (Weight of Distribution * Cost of Capital for Distribution)
WACC = (65% * 12.34%) + (25% * 16.77%) + (10% * 7.12%) = 13.99%
Therefore, the rate of return that Wizard Co.'s investors should require once it opens the new divisions is approximately 13.99%.
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What is the best animal?
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?
Her entire compensation is $504.
The term "total pay" means what?Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.
The following formula will be used to determine Cindy Haskins' total compensation:
Hourly Payment per hour= $9.00
Hours worked= 40 hours
Payment = 40 X 9 = $360
Overtime payment per hour = $9.00 X 2= $18
Overtime = 8 hours
Payment = 18 X 8= $ 144
Total Payment= $360 + $144= $504
How do you figure up total pay?The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).
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A substantial imbalance between demand and response capability under conditions in which failure has important consequences refers to.
It should be noted that substantial imbalance between demand and response capability under conditions in which failure has important consequences refers to a arousal.
What is an arousal?Arousal can be regarded as a situation where by there is stress which makes failure to come in as a result of unbalances in demand and response capability.
And this usually takes place under stress.
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The Real Estate Settlement Procedures Act states all of the following EXCEPT
How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
which function of money is described as money acts as a unit of measurement?
Function of Money as an Accounting Unit. One of the most essential qualities of money is that it acts as a unit of account. A unit of account is anything that can be used to compute, record debts, and value commodities and services.
What is the function of money in a measure of value?One of the money functions in economics is the unit of account. The market worth of commodities, services, and other transactions is measured using a unit of account, which is a common numerical monetary unit.
Money being a measure of value, aids in determining the value of commodities and services in the economy. When determining the worth of goods and services in the economy, money is used as the common denominator. Therefore, with the help of this function anything may be measure in a single denominator or unit.
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Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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Taking out a student loan is like stealing from your ?
Answer:
wallet
Explanation:
A portion of the Sarbanes-Oxley Act makes it illegal to fire or otherwise discriminate against a corporate officer for trying to report possible accounting irregularities to higher corporate officials or enforcement agencies. The ________ administers that portion of Sarbanes-Oxley.
Answer: C) U.S. Department of Labor
Explanation: A portion the Sarbanes-Oxley Act makes it illegal to fire or otherwise discriminate against a corporate officer for trying to report possible accounting irregularities to higher corporate officials or enforcement agencies. The ________ administers that portion of Sarbanes-Oxley.
A) Department of Homeland Security
B) Internal Revenue Service
C) U.S. Department of Labor
D) Securities and Exchange Commission
The Sarbanes-Oxley Act was created by legislators to help protect shareholders, employees and the general public from accounting errors and fraudulent financial practices which therefore makes it illegal to fire or otherwise discriminate against a corporate officer for trying to report possible accounting irregularities to higher corporate officials or enforcement agencies. This portion of the Act is administered by the U.S. Department of Labor.
1-Elmer invested, P250,000- cash in his new business.
analysis
debit is -
credit is -
Answer:
debit is P250,000
credit is 0
Explanation:
hope it helps:)
Online surveys can eliminate the effects of question order on responses because of their ability to randomize the order of questions. (True or False)
The given statement "Online surveys can eliminate the effects of question order on responses because of their ability to randomize the order of questions" is True because Online surveys have the ability to randomize the order of questions, which eliminates the effects of question order on responses.
Question order can have a significant impact on how people respond to surveys. For example, if a survey begins with a question that is difficult or confusing, it may negatively impact the rest of the responses. Similarly, if questions are grouped together by topic, it may influence how people respond to subsequent questions. This is because respondents may develop a pattern or bias in their responses based on previous questions.
By randomizing the order of questions, online surveys reduce the likelihood of such biases. This means that responses are more likely to be honest and accurate, as respondents are not influenced by previous questions. Additionally, online surveys can be designed to skip questions that are not applicable to a particular respondent. This further ensures that the questions asked are relevant and unbiased.
Overall, the ability to randomize question order in online surveys is an important feature that can improve the accuracy and validity of survey results. This is particularly important for research that requires a representative sample and accurate data.
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Plans in which a corporation contributes shares of its own stock to a trust established to purchase shares of the firm's stocks for employees are known as ________.
Employee Stock Ownership Plans (ESOPs) are plans in which a corporation contributes shares of its own stock to a trust established to purchase shares of the firm's stocks for employees.
ESOPs are a type of employee benefit plan that enables employees to become partial owners of the company by acquiring shares of the company's stock. The corporation contributes shares of its own stock to a trust, which holds the shares on behalf of the employees. The trust then allocates the shares to individual employee accounts based on various criteria, such as years of service or compensation.
The calculation of how many shares each employee receives depends on the specific terms of the ESOP. It can be based on a percentage of the employee's salary or a formula that takes into account the company's financial performance. The number of shares allocated to each employee is determined annually or periodically.
ESOPs serve multiple purposes. They can be used as a retirement benefit for employees, as the value of the shares can grow over time. Additionally, they can align the interests of employees with those of the corporation, as employees have a direct stake in the company's success. ESOPs can also provide a tax advantage for the corporation, as contributions to the ESOP are typically tax-deductible. Overall, ESOPs are a popular mechanism for corporations to provide ownership opportunities to their employees and foster a sense of ownership and loyalty among the workforce.
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To determine the closing inventory amount when an entity uses the periodic inventory system, a physical inventory count is done at the end of the financial period.
Select one:
True
False
True. When using the periodic inventory system, a physical inventory count is conducted at the end of the financial period to determine the closing inventory amount.
This physical count involves physically counting and valuing the remaining inventory items on hand. By comparing the physical count with the beginning inventory and purchases during the period, the closing inventory value can be determined. This value is important for calculating the cost of goods sold and the ending inventory value, which are necessary for preparing financial statements and determining the profitability of the business.
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Retained Earnings is analyzed when preparing the statement of cash flows to help determine the amount of ______. (Select all that apply.)
a) dividend
b) payments c) under financing d) activities
The a) dividend payments, as Retained Earnings represents the accumulated profits of a company that have not been distributed to shareholders in the form of dividends.
By analyzing the change in Retained Earnings from the beginning to the end of the period in the statement of cash flows, one can determine how much of the net income was retained by the company and how much was distributed as dividends. This information is important for investors and analysts to understand the company's dividend policy and potential for future dividend payments.
This helps determine the amount of dividends paid during the period, as well as the financing activities conducted by the company, such as issuing stock or repaying loans.
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When the units produced are equal to the units sold, the net operating income computed using the variable costing method is ______ the net operating income using the absorption costing method.
Answer:
equal to
Explanation:
When the units produced are equal to the units sold, net operating income computed using the absorption costing approach is equal to the net operating income computed using the variable costing approach.
Who is responsible for establishing the value of property for tax purposes?
a. judges
b. appraisers
C. assessors
d. property owners
Answer:
The correct awnser here would be D, Property Owners.
ANSWER
IS A
EXPLAINATION
BECAUSE WE HAVE COURT OF TAX AND ALSO THE SUPRRM COURT IS THE OWNER OF JUDICIAL REVIEWS
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
suppose a monopolist's costs and revenues are as follows: atc = $40.00; mc = $35.00; mr = $35.00; p = $40.00. the firm should
(a) decrease output and increase price.
(b) increase output and decrease price.
(c) shut down.
(d) not change output or price.
I am stuck between answers A and C
Based on the given information, the monopolist's marginal cost is equal to its marginal revenue, indicating that the firm is currently maximizing its profits. However, the price is equal to the average total cost, which means that the firm is earning zero economic profit.
In this case, the firm may choose to shut down if it cannot cover its variable costs, which are the costs that vary with the level of output. If the price is less than the average variable cost, the firm will incur losses and may choose to shut down in the short run.
Therefore, the correct answer to this question is (c) shut down. If the monopolist continues to produce at a price below the average variable cost, it will not be able to cover its variable costs and will incur losses. Shutting down will minimize the losses in the short run, and the firm may choose to enter the market again if the market conditions improve.
In conclusion, the monopolist should shut down in this scenario as the price is below the average variable cost, and the firm is incurring losses. It is important to note that in the long run, the firm may consider adjusting its output and price to maximize profits and cover all its costs, including fixed costs.
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2 what particular governance devices are helping or hindering good governance in these countries that are changing their governance systems?
The instruments of governance that support or impede successful governance in these countries as they revise their governance systems include taxes and benefits.
What are the Taxes?
The taxes that businesses are compelled to pay on a regular basis as part of doing business are referred to as "business taxation." Whether you are a solo proprietor, a partner, a participant in a limited liability company, or a corporation, your business is responsible for adhering to tax regulations.
Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Public infrastructure and services like roads and schools, as well as programs like Social Security and Medicare, are all funded with tax dollars.
Businesses should contribute to a stable society since it is essential for doing business. In addition to paying taxes on their income, businesses also have to pay taxes on their output, workforce, assets, and environmental impact.
Business requires a stable society,
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low levels of investment will result in group of answer choices have no impact on growth. not enough information is given to make a prediction about the impact of low investment on growth. low levels of growth. high levels of growth.
Low levels of investment will result in a group of answer choices having no impact on growth: Option low levels of growth Economic growth means an increase.
Economics takes a look at shortage and its implications for using assets, manufacturing of products and services, an increase of manufacturing and welfare over time, and an outstanding form of other complicated issues of vital problems to society.
Economics is the study of the way humans allocate scarce sources for manufacturing, distribution, and intake, both individually and collectively. the two branches of economics are microeconomics and macroeconomics. Economics makes a specialty of performance in production and change. The take a look at economics facilitates people to apprehend the arena around them. It enables human beings to apprehend human beings, organizations, markets, and governments, and consequently higher reply to the threats and possibilities that emerge whilst things change.
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All financial statements are important, but most managers tend to have one that they look to first. If you were a potential contributor or investor looking at the financial statements of a local regional medical center, which document would you start with? Explain why.
While other financial statements like the Balance Sheet and Cash Flow Statement are important for a comprehensive analysis of the medical center's financial position and cash flow, the Income Statement is a starting point that provides a clear picture of the medical center's revenue, expenses, and profitability.
If I were a potential contributor or investor looking at the financial statements of a local regional medical center, the document I would start with is the Income Statement, also known as the Statement of Operations or Profit and Loss Statement.
The Income Statement provides a summary of the medical center's revenues, expenses, and net income (or loss) over a specific period, typically on an annual or quarterly basis. Here's why I would choose to start with the Income Statement:
1. Overall Financial Performance: The Income Statement gives an immediate snapshot of the medical center's financial performance. It shows whether the medical center is generating a profit or incurring a loss. By looking at the net income (or loss), I can assess the financial health and profitability of the medical center.
2. Revenue Breakdown: The Income Statement breaks down the medical center's revenue sources. This allows me to understand the composition of the revenue streams, such as patient services, insurance reimbursements, government funding, or other sources. Evaluating the revenue mix helps me gauge the diversity and stability of the medical center's income sources.
3. Expense Analysis: The Income Statement provides a breakdown of various expense categories, such as personnel costs, supplies, facility expenses, and administrative costs. Analyzing the expense structure allows me to understand the medical center's cost management and efficiency. It helps identify areas of potential cost reduction or areas where expenditures may be increasing disproportionately.
4. Profitability Ratios: Using the information from the Income Statement, I can calculate key profitability ratios such as gross profit margin and net profit margin. These ratios provide insights into the medical center's ability to generate profits from its operations, allowing me to compare its financial performance with industry benchmarks or similar healthcare organizations.
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The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
A capital projects fund for a new city courthouse recorded a receivable of $300,000 for a state grant and a $450,000 transfer from the general fund. What amount should be reported as revenue by the capital projects fund
Answer:
$300,000
Explanation:
The grant of $300,000 happens not to have any restrictions mentioned alongside it in the question and as such will be declared or reported as revenue as an unrestricted grant. This is acceptable by the Governmental Accounting Standards Board, GASB.
Cheers
The Nelson Company has $1,200,000 in current assets and $480,000 in current liabilities. Its initial inventory level is $305,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.0? Do not round intermediate calculations. Round your answer to the nearest dollar. $ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round intermediate calculations. Round your answer to two decimal places.
The Nelson Company has $1,200,000 in current assets and $480,000 in current liabilities. Its initial inventory level is $305,000, and it will raise funds as additional notes payable and use them to increase inventory.
To avoid a decline in the current ratio below 2.0, how much can Nelson's short-term debt (notes payable) increase?The formula for calculating the current ratio is:
Current ratio = Current assets / Current liabilities. A current ratio of 2:1 or greater is generally considered acceptable for most enterprises. So, the current ratio is as follows:
Current ratio = $1,200,000 / $480,000 = 2.5 times
Let us now determine the maximum amount of short-term funds the company may obtain without pushing its current ratio below 2.0. Assume that the company raises the amount of additional notes payable, X dollars, and uses it to buy inventory. The maximum quantity of notes payable that can be added to inventory without causing the current ratio to fall below 2.0 is then determined as follows:
$1,200,000 / ($480,000 + X) ≥ 2.0$480,000 + X ≤ $600,000X ≤ $120,000
Thus, the maximum amount of additional notes payable is $120,000. If Nelson were to increase its notes payable by the maximum amount, its current liabilities would increase by $120,000, from $480,000 to $600,000. As a result, Nelson's current ratio would decline as follows:
Current ratio = $1,200,000 / $600,000 = 2.0 times
Let us now calculate the company's quick ratio after it has raised the maximum amount of short-term funds. The Quick ratio is determined by dividing the current assets by the difference between the current assets and the inventory. QR = (Current assets – inventory) / Current liabilities The calculation of quick ratio is as follows:
Quick ratio = ($1,200,000 − $305,000) / $480,000 = 1.99 times
The quick ratio after Nelson has raised the maximum amount of short-term funds will be 1.99 times.
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