The amount of goodwill that Baine records at the purchase date is $80,000.
Using this formula
Goodwill=Purchased price-Fair value of assets
Where:
Purchased price=$500,000
Fair value of assets=$420,000
Let plug in the formula
Goodwill=$500,000-$420,000
Goodwill=$80,000
Inconclusion the amount of goodwill that Baine records at the purchase date is $80,000.
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Explain all the reasons why a decrease in the price of a product would lead to an increase in purchases of the product?
Question 11 (3 points)
When considering the costs and benefits of a decision, you should do something as
long as
a) the benefits are less than the costs
b) the costs are less than the benefits
c) the costs and benefits are both high
d) the costs and benefits are both low
Answer:b
Explanation:
I think it is
What basic economic question is addressed in the press release?
Answer:
for whom to produce
Explanation:
for whom to produce
Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $2,500
winnings in the bank. The reserve requirement is 10%
.
What is the maximum possible increase in the money supply as a result of your bank deposit?
maximum increase
Both of these occurrences stop the flow of money from banks to people and from people to banks.so limiting the expansion of the money supply.
His deposit at the bank increased by $2500 since he put his full winnings there. Now, based on the simple deposit multiplier formula, change in deposits is equal to 1/rr × change in reserves.
Change in deposits,
2500/0.05
50,000
Since there is no public money in circulation in this instance of a simple deposit multiplier, an increase in deposits of $2500 results in an increase in the money supply of $50,000.
The following scenarios would result in a less than potential growth in the money supply:
Banks chose to hold onto a portion of their excess reserves.
Some borrowers of loans opt to keep some cash on hand as opposed to depositing it fully in banks.
Both of these occurrences stop the flow of money from banks to people and from people to banks.so limiting the expansion of the money supply. In the first scenario, banks limit the amount of loans they can make to the public by not lending all of their excess reserves to them.
In the second scenario, people keep cash on hand rather than depositing the full amount, which again limits the number of loans that can be made and, in turn, limits the amount of available money in the economy.
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Which of the following statements is true?
a. If the value added time decreases and the throughput time decreases, then the manufacturing cycle efficiency (MCE) will always increase.
b. If the value added time increases and the throughput time increases, then the manufacturing cycle efficiency (MCE) will always increase.
c. If the value added time decreases and the throughput time increases, then the manufacturing cycle efficiency (MCE) will always increase.
d. If the value added time increases and the throughput time decreases, then the manufacturing cycle efficiency (MCE) will always increase.
Answer:
C
Explanation:
2. Ernesto purchased a used car for $6800. He paid 64% sales tax. How much tax did he pay?
Which is NOT an expense account?
Answer:
Interest is found in the income statement, but can also is the most common non-operating expense
Example
Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.Which of the following is filling the role of a consumer?
The following is filling the role of a consumer - A consumer is some-one who buys things, like at a super-market. Lets say someone purc-hased ice cream, they are a consumer.
What is the role of a consumer?A consumer also is call-ed the end user. The consumer is the one who pays some-thing to consume goods and ser-vices produced. As such, con-sumers play a vital role in the econ-omic system of a nation.
Without consumer dem-and, producers would lack one of the key motiv-ations to produce: to sell to consumers. Consumer is the per-son who uses the product and/or service.
Complete question -
Which of the following is filling the role of a consumer?
A. A consumer is some-one who buys things, like at a super-market.
B. Courtney orders chicken for her company picnic
C. Mario plays a computer game with his sister
D. Latoya buys software for her business start up
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Assume that you have $500,000 to invest in a franchise opportunity.
y which franchise would you invest in? What would
be the determinants in your selection? Write a plan for your decision which must detail important elements including:-
Detailed Financial Breakout With 5 Year Projections (Real Estate, Start Up Costs, Labor, Fees, etc.)- Franchise Location
Details-Targeted Customer Base- Potential Competitors-Pros and Con
A person can own its own assets and liabilities and entering contracts on behalf of the franchise. Set up of a proprietary limited company to operate a franchise will protect your personal assets.
What does franchise mean?Franchising is based on a marketing idea that a company can use as a strategy for business growth.
In cases where it is used, a franchisor grants a franchisee a licence to utilise all or part of its intellectual property, operating methods, business model, brand, and rights to market and sell its branded goods and services.
In exchange, the franchisee agrees to pay specific fees and adhere to a number of conditions, which are normally outlined in a franchise agreement.
How can we assess the right franchise?Identify your goals-Decide what you want to achieve by investing in a franchise.
Financial Benefit, Personal Fulfillment, or a Combination of Both. Consider your strengths, interests, and values when making decisions.
Exploring Franchise Options-Do thorough research on various franchises that match your goals and interests.
Find out about company reputation, history, financial stability, training and support, and overall growth potential.
It also assesses competition and target customer base to ensure a viable market for the franchise.
Analysis of financial forecasts-Carefully review your franchise's financial breakdown, including formation costs, real-estate costs, labor costs, and other costs.
Analyze five-year forecasts to consider long-term profitability potential. Make sure your franchise's projected income is sufficient to cover your expenses and provide a reasonable return on your investment.
Rate the place-Consider the location of your franchise and whether it is in a high traffic area with good visibility and access.
Evaluate local demographics to determine if your target customer base is available. Consider the pros and cons.
We evaluate the strengths and weaknesses of each franchise opportunity based on the research and analysis we have conducted.
Consider factors such as level of competition, level of training and support, and overall likelihood of success.
Get expert advice- Get advice from financial advisors, franchise attorneys and other professionals to help you make informed decisions.
These professionals can provide valuable insight and guidance throughout the investment process.
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Country A is a main producer of agricultural goods. In the past three years, farmers in country A have seen their sales drop because consumers have begun to buy cheaper imported produce from country B. Not wanting the income of its farmers to drop, the government of country A imposes a tax on all agricultural imports from country B so that those goods are more expensive, and therefore less attractive, to consumers. The farmers in country A see their incomes begin to rise. Two months later, country B retaliates by levying a tax on all imports from country A. Because the manufacturing firms in country A lose business from the country they export to the most, they are forced to close.
What impact did the tariff that country A imposed on country B have?
Country B forced a tariff on country A's merchandise to retaliate for country A's tariffs.
What is a tax?Tax is exacted on an extensive variety of pay originating from salary, benefits from the business, property rental, and so financial contribution forced on the creation expenses or sales costs of labor and products.
In this way, while livelihoods increased for farmers in country A, the country's manufacturers lost a substantial amount of commodity business.
The manufacturers shut down, and their representatives lost their jobs. Ultimately, country A's regulations had an unfavorable impact on the country's own economy. Additionally, the tariff may have harmed country A's reputation as a trade partner and affected its future trade possibilities.
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The ledger of Columbia, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries.
Debit Credit
Prepaid Insurance 2,240
Supplies 3,120
Equipment 36,000
Unearned Service Revenue 13,600
An analysis of the accounts shows the following.
1. Insurance expires at the rate of $280 per month.
2. Supplies on hand total $960.
3. The equipment depreciates $240 per month.
4. During March, services were performed for two-fifths of the unearned service revenue.
Prepare the adjusting entries for the month of March.
Answer:
Journal 1
Debit : Insurance expense $280
Credit : Prepaid Insurance $280
Being Insurance expense recognized
Journal 2
Debit : Supplies expense $2,160
Credit : Supplies $2,160
Being Supplies Expense Recognized
Journal 3
Debit : Depreciation expense $240
Credit : Accumulated depreciation $240
Being Depreciation expenses recognized
Journal 4
Debit : Unearned Service Revenue $5,440
Credit : Service Revenue Earned $5,440
Being Service Revenue Earned being recognized
Explanation:
Expenses are decreases in income that results as an increase in liabilities and decreases in assets. Note the Decreases in Assets and Increases in Liabilities that have occurred - they represent Expenses which need to be recognized.
Service revenue is recognized when the services are actually performed, thus Reverse the Unearned Service Revenue when services are performed.
help meh plsssssssssssssssssssssss
Determine whether each of the following is direct financing or indirect financing.
1) selling stock on the stock market A) direct funding B) Indirect funding
2) selling bonds on the capital market A) direct funding B) indirect funding
3) taking out a loan at a commercial bank A) direct funding B) Indirect funding
4) investing in a mutual fund A) direct funding B) indirect funding
Answer:
1. A
2. A
3. B
4. B
Explanation:
Just took the test.
Direct financing refers to a condition where no intermediaries are involved in the financial matters ; whereas, indirect financing includes the role of intermediaries.
What is direct and indirect financing?Selling a stock on the stock market platforms like NASDAQ does not involve any intermediary, and hence it is an example of direct funding.To sell bonds on the capital markets, again there is no such involvement of intermediaries, which makes it an example of direct funding. To take a loan at a commercial bank involved middlemen like bank agents, and hence it is an example of indirect funding. The mutual fund managers pool money and invest in different classes, and thus investing in a mutual fund is an example of indirect funding.Hence, it can be stated that selling stocks or buying bonds are examples of direct funding; whereas, taking commercial bank loans or mutual fund investments are types of indirect financing.
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Process operations is defined as a manufacturing process that includes: (Check all that apply.) Multiple select question. large volumes of similar products. customized products. series of sequential processes. individualized production steps.
The process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.
The information related to the process operations is as follows:
It refers to the method or action or the operation that involved the storage or handling of the material prior, during, or after the manufacturing. It involved the greater standardization level, and the sequential process series.Therefore we can conclude that the process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.
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Question 4 of 10
Charging a lower price per unit for purchases of more units is called a
A. seasonal discount
B. quantity discount
C. sale price
D. stocking allowance
Ethical decision making begins in the marketing department. True/False
Answer:
false
Explanation:
Ethical decision making does not begin in the marketing department
The given statement "Ethical decision making begins in the marketing department" can be marked as true.
Wat does Ethical decision making mean?Ethical decision-making refers to the process of taking a decision that is based on core character values such as loyalty, respect, responsibility, fairness, good citizenship etc.
Ethical decisions generate ethical behaviors and provide a foundation for the good business practices. It suggests someone is honest and respectful in communications whether written or oral. It helps the business to grow.
It is really important to conduct the business on ethical values as it helps build trust and create transparency. Thus, it can be concluded that ethical decision making begins in the marketing department is a true statement.
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this is for Accounting 1
Answer:
B
Explanation:
secretaries
hope this is helpful.
Score: 0/450
Question Value:
In 2018, the U.S. balance of payment numbers showed that income received was $1,060.4 billion and
income payments were $816.1. What was the net result?
an outflow of $816.1 billion
a net inflow of $244.3 billion
a net outflow of $244.3 billion
an inflow of $1,060.4 billion
The net result of the U.S. balance of payment numbers in 2018 was a net inflow of $244.3 billion.
In 2018, the U.S. balance of payment numbers indicated that income received was $1,060.4 billion, while income payments amounted to $816.1 billion.
To determine the net result, we need to subtract the income payments from the income received.
Net Result = Income Received - Income Payments
Substituting the given values into the equation, we have:
Net Result = $1,060.4 billion - $816.1 billion
Calculating the difference, we find:
Net Result = $244.3 billion
This signifies a net inflow of funds, indicating that the United States received more income from abroad than it paid out. It is important to note that a positive net result implies a surplus in the current account, which includes trade in goods and services, income receipts, and unilateral transfers.
This surplus indicates a favorable position for the U.S. economy in terms of its international financial transactions during that period.
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1. If the sales of your company have grown from $500,000 five years ago to $1,050,150this year, what is the compound growth rate? If you expect your sales to grow at arate of 10 percent for the next five years, what should they be five years from now
The compound growth rate, given the sales of the company five years ago and this year, is 16 %
Your sales, five years from now , would be $ 1, 691, 277.08
How to find the compound growth rate ?The compound growth rate can be found by the formula :
= ( Current sales / Sales five years ago ) ^ ( 1 / number of years ) - 1
= ( 1, 050, 150 / 500, 000 ) ¹ / ⁵ - 1
= 2. 1003 ¹ / ⁵ - 1
= 16 %
How to find the sales ?The sales in five years would be :
= Current sales x ( 1 + rate ) ^ number of years
= 1, 050, 150 x ( 1 + 10 %) ⁵
= $ 1, 691, 277.08
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Fixed vs variable cost preference. bates operates a kiosk at a local mall, selling duck calls for $30 each. the variable cost to make a duck call is $18. a new mall is opening where bates wants to locate a new kiosk. the mall operator offers the following two options for bates: 1. paying a fixed rent of $15,000 a month, or: 2. paying a fixed rent of $9,000 per month plus 10% of revenue earned from each duck call, the amount of monthly sales (in units) at which bates would be indifferent as to which plan to select is: a) 1,900 b) 2,000 c) 1,500 d) 1,600
Answer:
b) 2,000
Explanation:
sales price = $30
10% from each sale = $3
the amount of rent paid as a percentage of sales = $15,000 - $9,000 = $6,000
the indifference point in units = $6,000 / 10% revenue margin = $6,000 / $3 = 2,000 units
If Bates sells less than 2,000 units, then he should prefer option 2, but if he sells more than 2,000 units, then option 1 is better for him.
How do I graduate from high school from Tennessee?
In order to graduate from high school from Tennessee following criteria needs to be fulfilled:
1. Obtain 22 credits of coursework
2. Pass all end of courses exam
3. Take the SAT or ACT in grade 11.
4. Complete 60 credits hours at an accredited senior institution.
These are the points required to graduate from high school.
Fun fact
The first official Tennessee High School opened in 1916 on Alabama Street. The first part of the current campus was built in 1939. The Bristol Municipal Stadium, also known as the Stone Castle, hosts football and soccer games and was built in 1936 as part of the New Deal.
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This is nearly double the proposed US contribution to which of the following?
A
Kyoto Protocol
B
London Accords
C
Paris Agreement
D
Geneva Convention
Answer: C . Paris Agreement
Explanation:
You included no background passage or additional details to the question for me to know what contribution you speak of but the above is most probably the answer.
The U.S. never ratified the Kyoto Protocol so I don't think they had contribution requirements. The London Accords produces research for financial investors so has little to do with the U.S. as a whole.
The Geneva Convention is simply an agreement on conduct during wars so this does not require contributions. This leaves the Paris Agreement ... on Climate Change which has set targets on the emissions to be cut by developed countries so it is most likely the answer.
Companies at the fourth stage of developing their global business
Answer:
what's the question here?
in what context pf the 4th stage are you referring to
11. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
selling price $140
units in beginning inventory 0
units produced 1,200
units sold 800
units in ending inventory 400
Direct materials $25
Direct labor $41
Variable manufacturing overhead $6
Variable selling and administration $6
Fixed manufacturing overhead 24,000
fixed selling administration $12,000
What is the net operating income for the month under variable costing?
A. $21,600
B. $(15,200)
C. $8,000
D. $13,600
Answer:
I THINK ITS B
Explanation:
How do these three rules apply to your life? Explain them in your words and try to think about how they relate to your financial situation. (Hint: Think about how you earn money and how you spend money, also imagine that you have been offered a credit card with a starting line of credit at $1000)
Rule 1 - Don't have debt rise faster than income, because the debt burden will eventually crush you
Rule 2 - Don't have income rise faster than productivity, because you will eventually become uncompetitive
Rule 3 - Do all that you can to raise your productivity, because in the long run that's what matters most
The three rules below will help individuals achieve financial stability and security, which is critical for living a happy and stress-free life. They can learn new skills, enroll in courses, read books, and so on to increase their productivity levels.
Rule 1: Don't have debt rise faster than income, because the debt burden will eventually crush you.To avoid falling into a debt trap, one should prioritize their spending. It's always a good idea to live within one's means and avoid spending more than they earn.Rule 2: Don't have income rise faster than productivity, because you will eventually become uncompetitive.It's a good idea to focus on increasing productivity to achieve long-term financial stability. One must avoid situations where they are not productive but are earning more money, as this can make them uncompetitive in the long run.Rule 3: Do all that you can to raise your productivity, because in the long run that's what matters most.Productivity is the most critical factor in achieving financial stability. Increasing productivity can lead to higher earnings, which can help you reach your financial goals faster.Individuals must always make efforts to improve their productivity. It's always a good idea to live within one's means, avoid unnecessary debt, increase productivity, and invest in oneself. In conclusion, the above three rules can be beneficial to anyone looking to achieve financial stability.
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Which person would most likely be in the market for a mortgage loan? Person A: I just got a great new job, so I want to buy a bigger house. I'd like to take out a big loan that I can pay off over a long time while I'm living in the new house. Person B: I want to buy a new video game, but I don't want to take out a real loan. I'd rather just get an advance on my next paycheck so I can buy the game right now. Person C: I just got into medical school, but the tuition is really expensive. I need to borrow some money to pay for school, and I'll pay it back after I start working as a doctor. Person D: I don't need to borrow money right now, but I want to have access to money whenever I might need it. It would be nice to be able to pay off some bigger purchases over time.
Answer:
The answer is A
Explanation:
Mortgage loans are used for houses and real estate.
Person A would be most likely in the mortgage loan market.
What is a mortgage loan?A mortgage loan is a type of borrowed amount taken from a lender for acquiring any kind of property.
Person A takes the mortgage loan from the market as he wants to acquire a new house. He is able to pay off the loan installments as he got a new job which shows that his financial status is good.
Therefore, the mortgage loan is most likely to be taken by Person A from the market.
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According to the creditor hierarchy, list the following from high risk to low risk
1 Ordinary share capital 2 Preference share capital 3 Trade payables 4 Bank loan with fixed and floating charges A 1,2,3,4 B 2,1,4,3 C 1,2,4,3 D 4,1,2,3 2.
The correct order from high risk to low risk is: D) 4, 1, 2, 3 where trade payables are the lowest-risk creditors, followed by ordinary share capital, preference share capital, and bank loans with fixed and floating charges being the highest-risk creditors.
Bank loans are a common form of debt financing provided by financial institutions such as banks to individuals and businesses.
The terms and conditions of bank loans can vary depending on the lender and the borrower's creditworthiness, but typically include an interest rate, repayment schedule, and collateral or security requirements.
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Assignment
write a letter of Complain about
your dissatisfaction on the product
you consume
Answer:
Explanation:
[Your Address]
[Your City, State, Zip Code]
[Date]
[Name of Contact Person]
[Title]
[Company Name]
[Street Address]
[City, State, Zip Code]
Dear [Contact Person]:
On [date], I bought [or had repaired] a [name of the product with the serial or model number or service performed]. I made this purchase at [location, date, and other important details of the transaction].
Unfortunately, your product has not performed well [or the service was inadequate] because [state the problem].
To resolve the problem, I would appreciate your [state the specific action you want]. Enclosed are copies [copies, not originals] of my records [receipts, guarantees, warranties, cancelled checks, contracts, model and serial numbers, and any other documents] concerning this purchase/repair.
I look forward to your reply and a resolution to my problem. I will wait [set a time limit] before seeking third-party assistance. Please contact me at the above address or by phone [home or office numbers with area codes].
Sincerely,
[Your Name]
[Account Number]
Define the three economic aspects of monopoly and the three economic effects of oligopoly?
Answer:
MONOPOLY
1) Ownership of a Key Resource
A firm that has exclusive control or ownership of a key resource can restrict access to that resource and establish a monopoly. The limited availability of the key resource will make it impossible for new sellers to enter the market. Although this factor is important in economic theory, monopolies rarely ever arise for this reason in reality anymore. Mainly because most resources are available in various regions across the globe.
One famous example of a monopoly that arose because of ownership of a key resource is the diamond market in the twentieth century. During this period, the company De Beers effectively controlled most of the world’s diamond mines, either through direct ownership or exclusive agreements. As a result, De Beers could dominate the market and influence the market price at will.
2) Government Regulation
The government can restrict market entry by law (e.g. through patents or copyright laws), which may result in a monopoly. Governments usually do this to serve the public interest, because these regulations promote innovation as well as research and development (R&D). The idea behind this is that firms can be rewarded for their R&D efforts by getting exclusive rights to sell their product. Without this kind of protection, it would be more reasonable for many firms to let others do the research and just copy their products once they are on the market. However, this would eventually eradicate all innovation and research.
Arguably the most prominent (and controversial) examples of government-regulated monopolies can be found in the pharmaceuticals industry. It often takes more than a decade for companies to develop new drugs. However, if they succeed, the firms can apply for a patent and become the sole seller of the new drug for a set period of time. This monopoly position allows them to make enough profits to make up for high R&D expenditures.
3) Economies of Scale (i.e. Natural Monopoly)
In some industries, a single firm can supply a good or service at a lower cost than two or more firms could. We call this a natural monopoly (because it arises without government intervention). A natural monopoly can arise in industries where firms face high fixed costs but are able to realize significant economies of scale over the relevant range of output. Those circumstances result in decreasing average total costs as output increases, which makes it more difficult for new firms to enter the market.
The market for electricity is a common example of a natural monopoly. Building the infrastructure to supply a city with electricity is extremely expensive. Thus, the market has high barriers to entry. However, connecting an additional house to the power grid is relatively cheap once the infrastructure is in place. As a result, a single firm can supply a whole city at a lower cost than two or more competing companies could.
Explanation:
OLIGOPOLY
Some of the oligopoly effects are discussed as follows:
i. Restriction on output:
Implies that oligopoly results in small output and high prices as compared to other market structures, such as perfect competition.
ii. Price exceeds average costs:Implies that under oligopoly, there are restrictions on entry of new organizations. Thus, organizations charge prices more than the average costs. Therefore, consumers have to pay more in case of oligopoly market.
iii. Lower Efficiency:
Leads to non-optimum levels of output. This is because the output produced under oligopoly depends on the market share held by the organization. Thus, the oligopoly organizations fail to build the optimum scales of economies and achieve optimum output.
iv. Selling Costs:
Refer to high promotional costs. The oligopolists engage in high promotion tasks to take the share of its rivals. Thus, the resources are wasted in form of high selling costs which do not add to the satisfaction of customers.
Apart from aforementioned points, oligopoly shows the poor performance from various other angles. From the point of economic welfare, it fails to satisfy customers since the price charged is very high, even more than average costs. In addition, sometimes oligopolists may face wasteful fluctuations in output as the output is not determined optimally.
HOPE IT HELPS.
Sales made on account are recorded as ____ to the sales account.
A)orders
B)debits
C)payments
D)credits
Answer:
I have a strong feeling it has to be credit