A country that does not have an absolute advantage in the production of any good or service can benefit from trade by specializing in goods in which it has a comparative advantage.
A country has comparative advantage in production if it has a lower opportunity cost in the production of good when compared to other countries. A country should specialise in the production of the good for which it has a comparative advantage and import the goods for which it does not have a comparative advantage. This is the way the country can gain from trade.
A company has an absolute advantage in the production of a product if it produces a larger quantity of the product in comparison to other countries.
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34. Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month?
Answer:
budgeted manufacturing overhead=$2871
Explanation:
Direct labour hours= budgeted production × standard hours per unit
= 870× 1/4 hour=217.5 hours
Direct labour cost = 217.5 × $12 =$2610
Manufacturing overhead = Overhead absorption rate × direct labour cost
= 110%×2610 =2,871
Budgeted manufacturing overhead=$2871
Calculating Returns and Variability (LO1) You’ve observed the following returns on Regina Computer’s stock over the past five years: 7%, −12%, 11%, 38%, and 14%. a. What was the arithmetic average return on Regina’s stock over this five-year period? b. What was the variance of Regina’s returns over this period? The standard deviation?
The arithmetic average return that Regina Computer stock saw on its returns over the five years was 11. 6 %
The variance of the returns over the period was 320.3, and the standard deviation was 17.9 %
How to find the arithmetic mean?The arithmetic mean on returns can be found by summing up all the returns and then dividing this by the number of returns.
The arithmetic mean to Regina stock in the five year period was therefore:
= (7 % + - 12% + 11 % + 38 % + 14 % ) / 5
= 58 % / 5
= 11. 6 %
Using this mean, the variance can be found on a spreadsheet to be 320.3.
The standard deviation is the square root of variance so the standard deviation of Regina Computer stock in the past 5 years is:
= √ Variance
= √ 320.3
= 17.89
= 17.9 %
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P acquires 80 000 of the ordinary shares by paying cash of M175 000 and issuing one share in P for every two shares acquired on 1 July 20x4. The market value of P’s shares was M1.25 at the 1 July 20X4 and £1.40 at the year end. Extracts from the financial statements of S at 31 December 20X4 are: M Ordinary share capital 100,000 Retained earnings 225,000 The profit after tax for the year ended 31 December 20X4 was M60 000 and no dividends have been paid. Since acquisition S has sold goods to P at M45 000 and at the year-end a quarter of these were unsold with S earning a profit margin of 20%. P had paid a cheque of M45 000 to S just before the year end but S had not received the cheque at the year end. Requirement a) Calculate the goodwill arising on acquisition, using the proportionate method, and discuss the accounting treatment of goodwill in the consolidated financial statements of the P group. [3 marks] b) Calculate the non-controlling interest at 31 December 20X4. [1 mark] c) Prepare consolidation adjustments to reflect the cancellation of intra group balances. [1 mark]
This question involves accounting for a business combination where company P acquires 80,000 ordinary shares of company S by paying cash and issuing its own shares.
The market value of P's shares is given, and financial information for S is provided to calculate the goodwill arising from the acquisition using the proportionate method, which involves calculating the fair value of net assets acquired and comparing it to the consideration paid.
In part (a), the accounting treatment of goodwill in the consolidated financial statements of the P group is also required. Goodwill is an intangible asset that arises when the consideration paid for an acquisition exceeds the fair value of the identifiable net assets acquired. In consolidated financial statements, goodwill is initially recognized as an asset and subsequently tested for impairment.
The impairment test involves comparing the carrying amount of goodwill to its recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. Any impairment losses are recognized in the income statement.
Part (b) requires calculating the non-controlling interest, which represents the portion of S that is not owned by P. This is calculated by multiplying the post-acquisition profit or loss of S by the non-controlling interest percentage.
Finally, part (c) requires making consolidation adjustments to reflect the cancellation of intra-group balances. This involves eliminating any intra-group balances and transactions between P and S to avoid double counting of assets and liabilities in the consolidated financial statements.
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Which of these situations are more likely to happen in a GOOD economy?
A. Phyllis' Coffee, a new business, isn't able to innovate their
coffee making process because money is tight.
B. Carlos was able to finish a design bootcamp and
interview at many companies until he finds the job he likes
best.
C. Laila is settling for a job that she doesn't want but she
needs the money and there aren't any other options.
D. Thrills Park delays building the new roller coaster until
they can get a bank loan.
Answer:
I think
B. Carlos was able to finish a design bootcamp and
interview at many companies until he finds the job he likes
best.
An advantage of the balanced scorecard framework is the ability to automate the flow of information on __________, so that executives are kept fully informed about business performance.
The balanced scorecard system has the advantage of automating the flow of information on key performance indicators so that executives are always up to date on corporate performance. Thus, the correct answer is Key performance indicators.
What is a key performance indicator?A performance indicator, often known as a key performance indicator (KPI), is a sort of performance metric. KPIs assess the success of a company or a specific activity (such as projects, programs, products, or other activities) in which it is involved. KPIs serve as a focal point for strategic and operational improvement, serve as an analytical foundation for decision-making, and aid in focusing attention on what is most important. In the ordinary decision-making process, the significance of such performance indicators is clear. When weighing many alternatives, a decision-maker must be able to appropriately analyze the present quo in order to foresee the effects of future actions.
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Principles are a. the obligations businesses have to maximize their positive impact and minimize their negative impact. b. mores, values, and customs that guide behavior in general. c. laws and regulations that guide behavior in the world of business. d. specific and pervasive boundaries for behavior that are universal and absolute. e. the mores, values, and customs that parents teach their children.
Answer:
b. mores, values, and customs that guide behavior in general.
Explanation:
It is correct to say that principles are the customs and values that guide behavior in general. It is through the principles of society that are acquired through cultural, political and social interactions, that the bases that will form the laws and legal norms of a society are formed.
It is also correct to affirm that each location has its own set of principles, so that they are not universal customs and values, nor encompassing only in the business world, but encompassing in all areas of human life.
We have hired 85% of our Region's capacity of 500 employees. How many employees do we need to hire to be fully staffed?"
Supervisor: "We need to hire __________ employees."
Question 1
When Theo Chocolate’s managers meet to develop the company’s strategy, one of the first things they do is a SWOT analysis. Which of the following would be an opportunity for Theo? Check all that apply.
A.Joe Whinney pitches Theo Chocolate to an angel investor, who sees the company as a great opportunity and doubles its capitalization.
B.Theo is featured as one of Oprah Winfrey’s “Favorite Things List” in ”6 New Chocolate Bars We’re Crazy About” on Oprah.com.
C.Analysis of customer data allows Theo Chocolate to predict with great accuracy which flavors of chocolate bars will sell the most at which time of year and produce accordingly.
D. Theo partners with Ben Affleck’s Eastern Congo Initiative to launch a chocolate bar line, where a part of the proceeds are donated to help Congolese farmers and their families.
Question 2
Theo Chocolate is considering opening a cooking school which will teach students techniques for working with chocolate and recipes that feature Theo chocolate as an ingredient. This would be an example of:
A.Differentiation
B.Vertical integration
C.Unrelated diversification
D.Related diversification
Question 3
Theo Chocolate is just one of many high-end chocolate manufacturers today. They compete against brands such as Scharffen Berger, Valrhona, and Godiva. This means that it is easy for customers to choose a different chocolate, passing up the opportunity to buy a Theo Chocolate confection. This problem illustrates which of Porter’s five industry forces?
A.Bargaining power of buyers
B.Threat of new entrants
C.Threat of substitute products
D.Bargaining power of suppliers
Answer:B.Theo is featured as one of Oprah Winfrey’s “Favorite Things List” in ”6 New Chocolate Bars We’re Crazy About” on Oprah.com.
D. Theo partners with Ben Affleck’s Eastern Congo Initiative to launch a chocolate bar line, where a part of the proceeds are donated to help Congolese farmers and their families.
Explanation:
The Chocolate’s managers.
As er the question the manager of the cholate meet to develop the company and devise a strategy. The conduct a SWOT analysis which aims to fund the strength, weaknesses, and opportunities along with the threats of the company. It is quite helpful in the planning process of any company.
Thus answer is a Favorite Things List and they partner with Ben Affleck, Vertical integration and. The threat of new entrants
The SWOT is a method of telling the strengths and weaknesses of the manufacturers and helps in evaluating the good qualities and find the USP of the brands. The opportunities would be seen by the favorite list of things that they can get at Oprah.com. The Ben Affleck’s Eastern Congo to launch the bars is part of the help process.The process of Vertical integration includes the use of a supply chain to make different processes and services within different levels.The threats from the new entrants to the market can lead to weakness on the domestic companies and hence is a powerful force of the porters industrial forces.Learn more about the Chocolate’s managers.
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Amy is a licensed Florida broker associate. She previously renewed her license 20 months ago. What should Amy do to renew her license for the next renewal period?
Immediately submit a renewal application. No additional education is required.
Complete 14 hours of FREC approved continuing education within the next 16 months and submit her renewal application.
Complete 14 hours of FREC approved continuing education within the next 4 months and submit her renewal application.
Complete 14 hours of FREC approved continuing education and have her sponsoring broker renew her license.
To renew her license for the next renewal period, Amy, as a licensed Florida broker associate, should complete 14 hours of FREC (Florida Real Estate Commission) approved continuing education within the next 16 months and submit her renewal application. Option b is correct.
It is important for Amy to fulfill this requirement before the expiration of her current license, which is 20 months from the previous renewal.
Once Amy completes the required 14 hours of continuing education, she can then submit her renewal application to the appropriate regulatory authority. This process ensures that she stays up to date with the latest developments and regulations in the real estate industry.
Additionally, Amy should also ensure that her sponsoring broker is aware of the renewal process and have them support her in renewing her license.
It is worth noting that immediately submitting a renewal application without completing the necessary continuing education or completing it within a shorter timeframe (e.g., within the next 4 months) would not be in compliance with the licensing requirements.
Therefore, Amy must adhere to the prescribed guidelines to successfully renew her license. So, the correct option is complete 14 hours of FREC approved continuing education within the next 16 months and submit her renewal application.Option b is correct.
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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
Question Content Area
Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production $15,353
Direct labor 28,038
Factory overhead 32,314
Work in process inventory, March 1 18,402
Work in process inventory, March 31 20,161
Finished goods inventory, March 1 24,609
Finished goods inventory, March 31 25,991
a. Determine the cost of goods manufactured.
$fill in the blank 1
b. Determine the cost of goods sold.
$fill in the blank 2
The cost of goods manufactured for Zoe Corporation for the month of March is $73,946
The cost of goods sold for Zoe Corporation for the month of March is
$72,564
What is the cost of goods manufactured?
The cost of goods manufactured is the total cost of finished products completed in the current period, it is the beginning work in process inventory plus the cost of direct materials used in production, the cost of direct labor, factory overhead minus the cost of ending work in process
cost of goods manufactured=$18,402+$15,353+$28,038+$32,314-$20,161
cost of goods manufactured=$73,946
What is cost of goods sold?
The cost of goods sold is the manufacturing costs of goods sold in the current period, it is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory
cost of goods sold=$24,609+$73,946-$25,991
cost of goods sold=$ 72,564
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Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $399,000 of manufacturing overhead for an estimated allocation base of 1,050 direct labor-hours. The following transactions took place during the year:
Raw materials purchased on account $200,000.
Raw materials used in production (all direct materials) $185,000.
Utility bills incurred on account, $70,000 (90% related to factory operations, and the remainder related to selling and administrative activities).
Accrued salary and wage costs:
Direct labor (975 hours) $230,000
Indirect labor $90,000
Selling and administrative salaries $110,000
Maintenance costs incurred on account in the factory, $54,000.
Advertising costs incurred on account, $136,000.
Depreciation was recorded for the year, $95,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment).
Rental cost incurred on account, $120,000 (85% related to factory facilities, and the remainder related to selling and administrative facilities).
Manufacturing overhead cost was applied to jobs, $__________? .
Cost of goods manufactured for the year, $770,000.
Sales for the year (all on account) totaled $1,200,000. These goods cost $800,000 according to their job cost sheets.
The balances in the inventory accounts at the beginning of the year were:
Raw Materials $30,000
Work in Process $21,000
Finished Goods $60,000
Required:
a. Prepare journal entries to record the preceding transactions.
b. Post your entries to T-accounts. (Don’t forget to enter the beginning inventory balances above.)
c. Prepare a schedule of cost of goods manufactured.
d. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold.
e. Prepare a schedule of cost of goods sold.
f. Prepare an income statement for the year.
a. The preparation of the journal entries to record the preceding transactions for Froya Fabrikker A/S of Bergen, Norway is as follows:
Journal Entries:Debit Raw materials $200,000
Credit Accounts Payable $200,000
Debit Work in Process $185,000
Credit Raw materials $185,000
Debit Manufacturing overhead $63,000
Debit Selling and Admin. $7,000
Credit Utilities Payable $70,000
Debit Work in Process $230,000
Debit Manufacturing overhead $90,000
Debit Selling and administrative salaries $110,000
Credit Payroll Payable $430,000
Debit Manufacturing overhead $54,000
Credit Maintenance Expenses Payable $54,000
Debit Selling and Admin. Expenses $136,000
Credit Advertising costs Payable $136,000
Debit Manufacturing overhead $76,000
Debit Selling and Admin. Expense $19,000
Credit Depreciation Expenses $95,000
Debit Manufacturing overhead $102,000
Debit Selling and Admin. Expense $8,000
Credit Rental Expense Payable $120,000
Debit Work in process $370,500
Credit Manufacturing overhead applied $370,500
Debit Finished goods $770,000
Credit Work in Process $770,000
Debit Accounts Receivable $1,200,000
Credit Sales Revenue $1,200,000
Debit Cost of goods sold $800,000
Credit Finished goods $800,000
b. T-accounts:Raw MaterialsAccount Titles Debit Credit
Beginning Balances $30,000
Accounts Payable $200,000
Work in Process $185,000
Balance $45,000
Work in ProcessAccount Titles Debit Credit
Beginning Balances $21,000
Raw materials 185,000
Payroll Payable 230,000
Manufacturing
overhead applied 370,500
Finished Goods $770,000
Balance $36,500
Finished GoodsAccount Titles Debit Credit
Beginning Balances $60,000
Work in Process 770,000
Cost of goods sold $800,000
Balance $30,000
Cost of goods soldAccount Titles Debit Credit
Finished goods $800,000
Under-applied o/h 14,500
Income Summary $814,500
Accounts PayableAccount Titles Debit Credit
Raw materials $200,000
Manufacturing overheadAccount Titles Debit Credit
Utilities Payable $63,000
Payroll Payable 90,000
Maintenance
Expenses Payable 54,000
Depreciation Exp. 76,000
Rental Payable 102,000
Work in Process $370,500
Cost of goods sold 14,500
Selling and Admin. ExpensesAccount Titles Debit Credit
Utilities Payable $7,000
Payroll Payable 110,000
Advertising Payable 136,000
Depreciation Exp. 19,000
Rental Payable 8,000
Income Summary $280,000
Utilities PayableAccount Titles Debit Credit
Manufacturing overhead $63,000
Selling and Admin. expenses 7,000
Payroll PayableAccount Titles Debit Credit
Work in process $230,000
Manufacturing overhead 90,000
Selling and Admin. expense 110,000
Maintenance Expenses PayableAccount Titles Debit Credit
Manufacturing overhead $54,000
Advertising costs PayableAccount Titles Debit Credit
Manufacturing overhead $136,000
Depreciation ExpensesAccount Titles Debit Credit
Accumulated Depr. $95,000
Manufacturing overhead $76,000
Selling and Admin. Expense 19,000
Rental Expense PayableAccount Titles Debit Credit
Manufacturing overhead $102,000
Selling and Admin. Expense 8,000
c. The preparation of a schedule of cost of goods manufactured is as follows:
Schedule of Cost of Goods ManufacturedBeginning Work in Process $21,000
Raw materials used 185,000
Direct labor 230,000
Manufacturing overhead applied 370,500
Ending Work in Process ($36,500)
Cost of goods manufactured $770,000
d. The preparation of a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold is as follows:
Debit Cost of goods sold $14,500
Credit Manufacturing overhead $14,500
To close manufacturing overhead to Cost of Goods Sold.e. The preparation of a schedule of cost of goods sold is as follows:
Schedule of Cost of Goods Sold:Beginning Finished Goods $60,000
Cost of manufactured goods 770,000
Under-applied overhead 14,500
Ending Finished Goods ($30,000)
Cost of goods sold $814,500
f. The preparation of an income statement for the year is as follows:
Froya Fabrikker A/S of Bergen, Norway
Income StatementFor the year ended December 31,
Sales Revenue $1,200,000
Cost of goods sold 814,500
Gross profit $385,500
Selling and admin. exp. 280,000
Net income $105,500
Data and Calculations:Estimated manufactured overhead = $399,000
Estimated direct labor-hours = 1,050
Predetermined overhead rate = $380 ($399,000/1,050)
Direct labor (975 hours) $230,000
Applied overhead = $370,500 ($380 x 975)
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________ plans are very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in a month, a week, or even a day.
Answer:
Operational
Explanation:
Operational is the answer
What happens when a
business gets audited?
A. The technology department will make
sure that their computer systems are safe
from hackers.
B. The government will look at all of the
company's finances and make sure the
money is accounted for.
C. The architectural engineer will look at
specifications for a project to make sure
they are correct.
D. The chief officers of the company will
look at the manufacturing process to ensure
efficiency.
Answer:In an audit, the IRS is simply questioning an item or items that you reported on your tax return. For example, the agency may question whether you actually reported all of your income, or claimed legitimate tax deductions. In most cases, you will need to provide additional documentation to support the item in question.
Explanation:
-5/12 - (-9/3) how do i do this
Explanation:
\(-5/12 - (-9/3)\)
Buchanan Company recently was sued by a competitor for patent infringement. Attorneys have determined that it is probable that Buchanan will lose the case and that a reasonable estimate of damages to be paid by Buchanan is $300,000. In light of this case, Buchanan is considering establishing a $100,000 self-insurance allowance. What entry(ies), if any, should Buchanan record to recognize this loss contingency
Answer: Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
Explanation:
Loss contingency is typically a charge to expense for a future occurence in this case, a lawsuit. A loss contingency simply makes the economic entity to be aware at an early stage of the loss and its likely financial implication.
The entries that Buchanan should record to recognize this loss contingency will be to:
Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
provide 2 examples from the news of firms in perfectly competitive markets. Discuss how costs impact these firms' profitability.
A theoretical market structure known as pure or perfect competition occurs when several requirements, including perfect information and resource mobility, are met.
What are some instances of markets that are completely competitive?
Take into account a farmers market where every seller is selling the same brand of jam. Since they all use the same recipe and charge the same price for their products, there is little difference between them. Price is determined by the forces of supply and demand in a market with perfect competition. Both the supply of goods from suppliers and the demand for goods from consumers affect prices .
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A job analysis report transforms the analysis into three components: an
analysis, a summary, and
?
Work activities, worker attributes, and work context are the three main categories of data used in job analysis.
What is Job analysis?Work analysis is the process of gathering all the essential details about a certain job, including the tasks involved, the knowledge and skills needed to accomplish the job, and the responsibilities and skills necessary for the job to be performed successfully.
One of the most crucial tasks carried out by a human resource manager is job analysis. By defining the relevance, definition, and technique of "job analysis" with an emphasis on the job description & job specification, which are seen as the process's output, this article will help readers understand the concept.
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What is the answer to George and Miguel are considering opening up a shoe store but first need to do market research. Which one of these is NOT part of the market research process?
Consider the following items:
(a) Decrease in accounts receivable (f) Gain on the sale of equipment
(b) Issuance of common stock (g) Depreciation expense
(c) Increase in interest receivable (h) Payment of dividends
(d) Purchase of land (i) Decrease in utilities payable
(e) Decrease in accounts payable (j) Increase in inventory
How many of these items would be subtracted from net income when using the indirect method to prepare the operating activities section of the statement of cash flows?
Answer:
(c) Increase in interest receivable, SUBTRACTED FROM NET INCOME, IT DECREASES CASH FLOWS FROM OPERATING ACTIVITIES
(e) Decrease in accounts payable, SUBTRACTED FROM NET INCOME, IT DECREASES CASH FLOWS FROM OPERATING ACTIVITIES
(f) Gain on the sale of equipment , SUBTRACTED FROM NET INCOME, IT DECREASES CASH FLOWS FROM OPERATING ACTIVITIES
(i) Decrease in utilities payable , SUBTRACTED FROM NET INCOME, IT DECREASES CASH FLOWS FROM OPERATING ACTIVITIES
Explanation:
(a) Decrease in accounts receivable, ADDED TO NET INCOME, IT INCREASES CASH FLOWS FROM OPERATING ACTIVITIES
(b) Issuance of common stock, NOT INCLUDED IN CASH FLOWS FROM OPERATING ACTIVITIES, IT IS A FINANCIAL ACTIVITY
(d) Purchase of land, NOT INCLUDED IN CASH FLOWS FROM OPERATING ACTIVITIES, IT IS AN INVESTING ACTIVITY
(g) Depreciation expense , ADDED TO NET INCOME, IT INCREASES CASH FLOWS FROM OPERATING ACTIVITIES
(h) Payment of dividends, NOT INCLUDED IN CASH FLOWS FROM OPERATING ACTIVITIES, IT IS A FINANCIAL ACTIVITY
(j) Increase in inventory, SUBTRACTED FROM NET INCOME, IT DECREASES CASH FLOWS FROM OPERATING ACTIVITIES
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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Basics Ltd reported current liabilities of R3 000 and a quick ratio of 1,2. The company has current assets of R6 000. If the company reports the cost of goods sold at R4 000 for the given year, what is the inventory turnover?
The inventory turnover for the given year is 3.33, calculated by dividing the cost of goods sold by the average inventory of R1200.
To calculate the inventory turnover, we first need to determine the inventory value. We can use the quick ratio formula to find the inventory amount.Quick ratio = (Current assets - Inventory) / Current liabilitiesRearranging the formula, we have: Inventory = Current assets - Quick ratio * Current liabilitiesSubstituting the given values, we have:Inventory = R6000 - 1.2 * R3000Inventory = R6000 - R3600Inventory = R2400The inventory value is R2400. To calculate the inventory turnover, we divide the cost of goods sold by the average inventory. In this case, the cost of goods sold is given as R4000. The average inventory is the sum of the beginning and ending inventory divided by 2. Since we don't have information about the beginning and ending inventory, we can assume they are equal, resulting in an average inventory of R2400/2 = R1200.Inventory turnover = Cost of goods sold / Average inventoryInventory turnover = R4000 / R1200Inventory turnover = 3.33Therefore, the inventory turnover for the given year is 3.33.For more questions on inventory
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indicate how resources will be allocated in a market economy
Answer:
In a free market economy, resources are allocated through the interaction of free and self-directed market forces. This means that what to produce is determined consumers, how to produce is determined by producers, and who gets the products depends upon the purchasing power of consumers
On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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Engineering Wonders reports net income of $63 million. Included in that number is building depreciation expense of $5.3 million and a gain on the sale of land of $1.3 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $2.3 million, $3.3 million, and $4.3 million, respectively. What are Engineering Wonders' net cash flows from operating activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).)
Answer:
70.3
Explanation:
The calculation of net cash flows from operating activities is shown below:-
Engineering Wonders reports
Net cash flow from operating activities
Particulars Amount
Net income 63
Adjustment to reconcile net
income to net cash
flow from operating activities
Add: Depreciation expense 5.3
Less: Gain on sale of land 1.3
Add: Decrease in Accounts
receivable 2.3
Less: Decrease in accounts
payable 3.3
Add: Decrease in inventory 4.3
Net cash flow from operating
activities 70.3
Therefore the net cash flow from operating activities is 70.3.
marginal benefit
comparison
fraud
financing
marginal cost
t
ttt
t
the act of being dishonest to take
advantage of someone
change in benefit in response to a specific
action
an examination of how things are the same
or different
the cost associated with one additional unit
of a production
buying something on credit
Match each word with the phrase that best defines it.
The matches can be related to the terms and phrases can be made as under,
Marginal Benefit – the change in benefit in response to a specific actionMarginal Cost – the cost associated with one additional unit; Comparison – an examination of how things are the same or different; Fraud – the act of being dishonest to take advantage of someone; Financing – buying something on credit. What is a marginal cost?The cost undergone by a firm or a producer to produce or manufacture one additional unit of a product, with other things being equal, is known as the marginal cost.
Hence, 1-B; 2-D; 3-A; 4-E and 5-C are the correct matches to the terms and phrases like marginal costs given above.
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yêu cầu về sự tuân thủ quy trình chuẩn mực chuyên môn nghề nghiệp
Answer:
Các chuyên gia về tuân thủ và đạo đức (CEP) hiểu rằng các dịch vụ chúng tôi cung cấp yêu cầu các tiêu chuẩn cao nhất về tính chuyên nghiệp, tính chính trực và năng lực. Thực hiện các chính sách, thủ tục và tiêu chuẩn ứng xử bằng văn bản. Chỉ định một nhân viên tuân thủ và ủy ban tuân thủ. Thực hiện đào tạo và giáo dục hiệu quả.
Explanation:
Evaluating the possible positive and negative outcomes of different
economic decisions is called:
A. marginal cost analysis.
B. cost-benefit analysis.
C. revenue projection analysis.
D. opportunity cost analysis.
Answer:
marginal cost analysis
Suppose for the year 2015, Speedy Chef, a fast food restaurant, had a Gross Profit of $1,281,648. Speedy Chef had the following expenses:
Cost of Goods Sold $1,251,167
Selling Expense $70,578
Rent Expense $156,941
Utilities Expense $73,994
Insurance Expense $35,148
Wages $505,245
General & Administrative $24,358
Miscellaneous $32,968
Interest Expense $4,059
Income Tax Expense $60,596
What would Speedy Chef's Income Before Taxes be for 2015?
The Speedy Chef's Income Before Taxes for 2015 is -$873,406.
The following are the operating expenses for Speedy Chef for the year 2015:Cost of Goods Sold $1,251,167Selling Expense $70,578Rent Expense $156,941 Utilities Expense $73,994Insurance Expense $35,148Wages $505,245General & Administrative $24,358Miscellaneous $32,968Interest Expense $4,059Income Tax Expense $60,596.
The formula to determine the Income Before Taxes (IBT) of Speedy Chef for 2015 is given below:Income Before Taxes (IBT) = Gross Profit - Total Operating ExpensesTotal Operating Expenses = Cost of Goods Sold + Selling Expense + Rent Expense + Utilities Expense + Insurance Expense + Wages + General & Administrative + Miscellaneous + Interest Expense + Income Tax Expense.Substitute the given values,Income Before Taxes (IBT) = Gross Profit - Total Operating Expenses = $1,281,648 - $2,155,054 = -$873,406.
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