A neuroscientist should electrically stimulate the snake's A) reticular formation.
Neuroscientists focus at the brain and its effect on behavior and cognitive functions. now not best is neuroscience involved with the everyday functioning of the apprehensive machine, however also what occurs to the apprehensive gadget while humans have neurological, psychiatric and neurodevelopmental issues. Neuroscientists are basic scientists who may additionally or won't have a diploma in medicine. maximum of them, but, are doctorates in neuroscience. Neurologists then again have an undergraduate diploma with four years at medical school and a yr of internship.
certainly all scientific issues in neuroscience require mathematical analysis, and all neuroscientists are increasingly more required to have a considerable knowledge of mathematical techniques.
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Suppose that a portfolio management company manages an investment fund. The fund
manager observes a bond in the market and intends to add it to the fund portfolio. The
bond has a 100.000 TL par value, 10% coupon rate (coupon payments are annual) and a
6-years maturity. The business model is to “hold-to-maturity”. The company purchases
the bond at the beginning of the year when the market yields are 8%. After exactly 3
years of investment, market yields increase to 12%. What would be the profit or loss
amount in the income statement for that third year?
a) 1.427,92 TL loss
b) 1.470,06 TL profit
c) 8.529.94 TL profit
d) 10.000 TL loss
Answer: The correct answer is (a) 1.427,92 TL loss.
Explanation:
To calculate the profit or loss for the third year, we need to determine the market value of the bond at the end of the second year and compare it to the par value of 100,000 TL.
At the beginning of the investment, the bond has a coupon rate of 10% and a market yield of 8%, so its price is:
PV = (10000/1.08) + (10000/1.08^2) + (110000/1.08^3) = 104,406.40 TL
After 3 years, the market yield has increased to 12%, so the bond's price would have changed to reflect this new yield. To calculate the new price, we can discount the remaining coupon payments and the par value at the current market yield:
PV = (10000/1.12^1) + (10000/1.12^2) + (10000/1.12^3) + (100000/1.12^3) = 88,572.08 TL
The market value of the bond at the end of the second year is 88,572.08 TL, which represents a loss compared to the par value of 100,000 TL:
Loss = 100,000 - 88,572.08 = 11,427.92 TL
Therefore, the correct answer is (a) 1.427,92 TL loss.
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ABC Inc. has the following data for September:
Physical Units
Units in beginning work in process 8,000 units
Percentage complete:
Materials 100 %
Conversion costs 50 %
Units Started in September 10,000 units
Units completed & transferred out 15,000 units
Units in ending work in process 0 ?
Percentage complete:
Materials 100 %
Conversion costs 20 %
Costs
Materials Conversion Costs
Beginning work in process $20,000 $ 6,000
Costs added during September $30,000 $40,000
Calculate cost per equivalent unit for conversion cost
Using FIFO method & calculate:
(1) Prepare a physical unit schedule.
(2) Compute equivalent units.
(3) Compute unit costs.
(4) Prepare a cost reconciliation schedule.
The cost per equivalent unit for conversion cost is 9,000 units.
What is a cost?The cost is the amount of money needed to produce, market, and sell goods and services or buy assets.
When a product is sold or consumed, a cost is charged to expense. In the case of a buying of an asset, the charge to expense could be significantly deferred.
The cost concept underlies the transition of assets from the balance sheet to expenses in the income statement.
The cost can be a fixed cost like the lease of a building which will not vary every month or can be a variable cost like the telephone cost which can vary every month.
The cost per equivalent unit for conversion cost is 9,000 units.
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What is travel arrangement management?
Answer:
Explanation:
Corporate business travel management manages all aspects of the travel arrangements for an organization's employees. Contracts with airlines, hotel chains, rental car companies, and other business travel management services are arranged by corporate travel management services.
Answer:
Travel management is a specialism, which is based around organising corporate travel, tracking your various travel expenses and devising a comprehensive travel strategy. As a discipline, it is intended to help businesses and their employees to optimise the way they deal with their travel needs.
Explanation:
(i) Revenue numbers for the next 6 months will be calculated in proportion to the budget. (ii) Expenses for the following 6 months are to be forecasted as follows: Program expenses will be at 150% of the budget (proportionately applied) Fundraising expenses will be in proportion to the budget Administrative expenses will be $75 Please calculate the 6 months forecast figures (NOTE: you are being asked to calculate the 6 month figures ONLY and not the year end forecast). Can you comment on the financial health of the organization based on the 6 months actuals and forecast? If you want to provide your response in excel, you will need to download the attached excel on to your computer, perform the calculations, save your work and UPLOAD the attachment using the button, insert local files. Alternatively, you can copy and paste your response from the excel in the answer section below. FORECAST FOR 6 MONTHS JUL- DEC 2020 Fundraising Revenue: Donations & Sponsorships DESCRIPTION Total Earned Revenue Government Revenue: Grant from Toronto Arts Council Total Government Grants Other Sources of Income: Income from Investments Other Income Program Expenses Total Income from Other Sources TOTAL REVENUE Total Program Expenses Fundraising Expenses Total Fundraising Expenses Administrative Expenses: $15.00 Administration Total Administrative Expenses TOTAL EXPENSES Jan/Deficitl 2020 Approved YTD Actuals Budget (Annual) (1) 500 500 215 215 75 75 790 425 425 150 150 100 100 675 2020 115 6 months) 1.42 (2) 350 350 50 50 28 28 428 275 275 80 80 (For 50 50 405 23 2020 Forecast 6 months) (3) 850 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
It appears that the organisation is in a stable financial position based on the projected numbers for the following six months.
Explain the anticipated sales.The anticipated total revenue is $850, which is significantly more than the $500 budgeted amount for the same period. The proportionate calculation of revenue figures based on the budget is primarily to blame for this. However, since the precise numbers are withheld, it is unclear how much money will come from each source. Program expenses are anticipated to consume 150% of the budget, which raises questions about whether there may have been excessive spending in this area. The proportion of fundraising costs to the budget seems reasonable. $75 is the set amount for administrative costs, which is also reasonable.
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Which of the following situations involves
professional literature?
An employee borrows an industry magazine
to read a story about a new machine in his
department.
An employee is coached by a supervisor on
a new machine in his department.
An employee takes an online course about a
new machine in his department.
Answer:
An employee borrows an industry magazine
to read a story about a new machine in his
department.
Explanation:
QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answer:
rat
Explanation:
You have $20 to spend. You want to buy a new bike helmet because your old one is
damaged. You also want to buy a new CD. However, you can only afford one of them. How
would you decide which item to buy?
Answer: I would buy the bike helmet.
Explanation:
The bike helmet is needed, but the CD is only wanted. Therefore, it would be smarter to buy the bike helmet and invest in buying the CD later.
Question 6 of 10
A distribution manager at a company that has customers in all 50 states
considers that storing goods in every state will make them quickly available
to all customers. What other major factor should affect the decision on the
number of warehouses?
A. Operating 50 or more warehouses will be expensive.
B. Some transportation modes serve limited locations.
C. Operating 50 or more warehouses will increase safety risks.
D. The number of warehouses will affect the length of the
distribution channel.
Answer:
a.) was right for me
Explanation:
The other major factor should affect the decision on the number of warehouses that Operating 50 or more warehouses will be expensive.
Option A is an appropriate response.
What is a warehouse?While a warehouse is technically any building that stores physical products for any reason, a distribution center is a type of warehouse that is specifically designed for fulfilling orders for the purpose of distribution to other businesses or consumers.
A warehouse is a structure used to store goods. Manufacturers, importers, exporters, wholesalers, transportation companies, customs, and others use warehouses. They are typically large plain buildings located on the outskirts of cities, towns, or villages.
Some of the Factors to considers on deciding the number of warehouses are-
Customer baseSupplier network Foreign Trade Zones (FTZs)Proximity to transportationBuilding Availability and ExpandabilityLease RatesHence, Option A is an appropriate response.
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Finial institutions are important to the U.S. economy because they
Financial institutions are critical to the U.S. economy because they provide essential services to individuals, businesses, and government entities.
One of the primary functions of financial institutions is to provide capital to businesses and individuals to finance their operations and investments.
Without access to credit, it would be challenging for individuals to buy homes, cars, or pay for college education, and businesses would struggle to expand or even operate. Financial institutions also help individuals and businesses to save and invest their money, which supports economic growth by providing funds for new ventures and innovation.
In addition to providing financial services, financial institutions also facilitate payments, transactions, and money transfers, which are crucial to the smooth functioning of the economy. For example, the electronic payment system allows individuals and businesses to make transactions seamlessly, without the need for physical currency.
Financial institutions also play a critical role in managing risks in the economy. They help individuals and businesses manage risks by providing insurance against unforeseen events like accidents, natural disasters, or theft. Financial institutions also help to manage systemic risks, such as market crashes or bank failures, by providing regulatory oversight and implementing risk management policies.
In conclusion, financial institutions are important to the U.S. economy because they provide essential financial services, facilitate payments and transactions, support economic growth, and manage risks. Without these institutions, the economy would struggle to function and grow.
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what is the minimum wage for SA
the new National Minimum Wage for South Africa has been made public by the Department of Employment and Labour. Starting on March 1st, 2023, the current minimum wage of R23,19 per hour will increase to R25,42 per hour (an increase of around 9,6%).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period, which cannot be reduced by a collective agreement or an individual contract, is referred to as the "minimum wage."The South African government may impose penalties on employers who fail to pay the minimum wage. If a defined weekly wage is used, the monthly wage is multiplied by 4.33. If an hourly rate is specified, it is computed as 4.33 times the weekly average.
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Building a Convention Center Congratidatans You have just been appointed to your city council You discover that a hot topic soon to be brought before the council is the construction of a convention cen for Your initial research shows that several midsized cities are considering the construction of a convention conter as a way of increasing economic activity including job creation. The challenge that these cities face is how to finance the convention center-projected costs are $100 million. Voters inay resisl a ballot to increase local taxes (either property or sales), however, there is the transient occupancy tax TOT-that consists of taxes paid by people at local hotels. However, that tax is already earmarked for various local charities - and as we know all good politicians want to get reclected. Therefore, voting against several worthy causes would not be popular.
DISCUSSION QUESTIONS
1. How can the center be financed and buill? The city could float a bond on the market, or could raise the TOT tax, but that might dissuade some groups from coming to your city because other cities have lower TOTS.
2. What would you do in this situation?
3. What information would you need in order to make the best decision if faced with deciding to support or op pose the convention center?
1) In order to finance and build a convention center, there are a few different options that could be considered. One option would be to float a bond on the market, another option would be to raise the TOT tax.
2) In this situation, as a member of the city council, I would want to gather as much information as possible about the potential benefits and drawbacks of building a convention center.
3) In order to make the best decision about whether to support or oppose the convention center, I would need to have a clear understanding of the potential costs and benefits, as well as the level of community support for the project.
1) In order to finance and build a convention center, there are a few different options that could be considered. One option would be to float a bond on the market, which would allow the city to borrow the money needed to build the center and pay it back over time with interest. Another option would be to raise the TOT tax, although this may not be popular with voters or with the local hotels that would be impacted. Ultimately, the best solution would depend on a variety of factors, including the local economic climate, the level of support for the project among voters and community leaders, and the potential impact on local businesses and job creation.
2) In this situation, as a member of the city council, I would want to gather as much information as possible about the potential benefits and drawbacks of building a convention center. This might include consulting with experts in the fields of economic development, tourism, and urban planning, as well as gathering input from local residents and businesses. I would also want to explore alternative financing options and consider the potential impact on the local economy and quality of life.
3) In order to make the best decision about whether to support or oppose the convention center, I would need to have a clear understanding of the potential costs and benefits, as well as the level of community support for the project. This might involve conducting surveys or focus groups to gather feedback from residents, as well as reviewing economic impact studies and other relevant data. Ultimately, my decision would be guided by a commitment to promoting economic growth and job creation, while also ensuring that the needs and concerns of local residents and businesses are taken into account.
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the impact of monitoring and evaluating quality process on the motor industry
Impact of monitoring and evaluating quality process on the motor industry is improved product quality and customer satisfaction.
How does monitoring and evaluating quality processes helps?Monitoring and evaluating quality processes in the motor industry can have a significant impact on product quality and customer satisfaction. By closely monitoring the production process, manufacturers can identify any issues or defects early on and take corrective actions to ensure that the final product meets the desired quality standards.
This can help to reduce the number of defective products and improve customer satisfaction by delivering high-quality products that meet their expectations. So. it also help to identify areas where production can be made more efficient which leads to cost savings and increased profitability.
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A farmer has developed a new type of fertilizer. This new fertilizer costs 20
percent more to produce than the old fertilizer but has better results: The
same land now produces 25 percent more crops each year.
Which statement best describes one way the farm will be affected by using
this new fertilizer?
A. The farm's opportunity cost for using fertilizer will increase.
O B. The farm's marginal cost for fertilizer will decrease.
O C. The farm's opportunity cost for using fertilizer will degrease.
O D. The farm's marginal cost for fertilizer will increase.
Answer: The statement which best describes one way the farm will be affected by using this new fertilizer is:
A. Marginal benefits will increase for each harvest.
Based on the given text, we can see that there is the development of a new type of fertilizer which was made by a farmer and there is a difference in cost which would have an effect.
With this in mind, we can see that because it costs 20% more to produce and has better results, then the effect this would have is that the marginal benefits would increase for each harvest.
Therefore, the correct answer is option A
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Which of the following products is most likely to create a negative externality when you use it?
The products that is most likely to create a negative externality when you use it is: (D) A person travelling using a commercial airline.
What is negative externality?Negative externality can be defined as the way in which engaging in a transaction tend to have negative effect or cause harm to a third party
A person travelling using a commercial airline is considered a negative externality due to the negative impact the consumption of the goods have on the third party.
Therefore we can conclude that the correct option is D.
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The complete question is:
Which of the following is most likely to create a negative externality?
(A) A person subscribing to cable television service.
(B) UPS switching to electric delivery trucks.
(C) You attending Western Washington University.
(D) A person travelling using a commercial airline.
(E) A person eating pizza.
A__ is an example of a primary stakeholder for a business.
The customers are an example of one of the primary stakeholders of a business. Therefore, option B is the correct option.
What is business?A business is an economic activity. The activity of the business is generally carried out by manufacturing goods and producing services according to the needs generated in society. The major purpose of conducting a business is to make a profit. There are many ways of doing business. It may also include purchasing and selling goods and services produced by other individuals and organizations.
There are several types of businesses, such as small-scale businesses, and medium and large-scale businesses. This classification of businesses is based upon the capital invested in them and also the amount of profit generated.
One of the main stakeholders in a business is its customers. Option B is therefore the best choice.
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What is a major way in which local farms help reduce greenhouse gas emissions?
A) by improving local economies
B) by decreasing food transportation costs
Answer:
.A
Explanation:
By improving local companies, they wouldn't need to burn fossil fuels and emit greenhouse gas.
2. Joe, a bartender, is typically “over” in his cash drawer by two or three dollars each shift. In the past, you have always thought that it is “better to be over than to be short” and have not worried about it. However, after reviewing chapter 12, you recognize that there might be a problem.
Why could this be a problem? What would you do?
Answer:
It will add up.
Explanation:
Money adds up very fast.
QS 3-8 (static) accumulated depreciation calculations adjustments LO P1
Prior to being subtracted from the related assets on the assets side of the balance sheet, the amount of depreciation will first be shown as an expense on the debit side of the profit and loss account.
What is the journal entry for accumulated depreciation?A journal entry for accumulated depreciation is one made at the end of the year to add the current year's depreciation expense to the account already in existence for accumulated depreciation.
A journal entry used to reflect depreciation expense is called an adjusting entry. It is made at the end of a period to reflect the expense on the income statement and the decline in the fixed asset's value on the balance sheet. Depreciation expense is typically debited and accumulated depreciation is credited in this entry.
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15. What is the net operating income for the year?
Where the above conditions are given, the net operating income for the year is $785,700
How is this so?Sales revenue - Cost of goods sold = Gross profit
Gross profit - Selling and administrative expenses = Operating income
Sales revenue - $2,970,000 Cost of goods sold - Beginning inventory - $52,800 Raw materials used in production - $608,000 Direct labor - $580,000 Manufacturing overhead applied - $647,500 (41,000 direct labor-hours $15.75 per direct labor-hour) Total cost of goods sold - $1,808,300Selling and administrative expenses - $376,000
Operating income is given as $2,970,000 - $1,808,300 - $376,000 = $785,700
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Exercise 8-4A (Static) Determining sales and variable cost volume variances LO 8-3 Cherokee Manufacturing Company established the following standard price and cost data. Sales price $ 12.00 per unit Variable manufacturing cost $ 7.20 per unit Fixed manufacturing cost $ 3,600 total Fixed selling and administrative cost $ 1,200 total Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required Determine the sales and variable cost volume variances. Classify the variances as favorable (F) or unfavorable (U). Determine the amount of fixed cost that will appear in the flexible budget. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.
Answer:
Cherokee Manufacturing Company
a. Sales volume variance is:
= $2,400 F
b. Variable cost volume variance is:
= $1,440 U
c. Fixed cost in the flexible budget = $4,800
d. Fixed cost per unit:
1. Planned activity = $2.40
2. Actual activity = $2.18
Explanation:
a) Data and Calculations:
Standard price and cost data:
Sales price $ 12.00 per unit
Variable manufacturing cost $ 7.20 per unit
Fixed manufacturing cost $ 3,600 total
Fixed selling and administrative cost $ 1,200 total
Planned production and sales = 2,000 units
Actual production and sales = 2,200 units
Sales volume variance = Actual sales - Standard sales multiplied by Standard price
= 2,200 - 2,000 * $12
= 200 * $12
= $2,400 F
Variable cost volume = Actual production - Standard production multiplied by Standard Variable Cost
= 200 * $7.20
= $1,440 U
Flexible fixed costs:
Fixed manufacturing cost = $ 3,600 total
Fixed selling and administrative cost = $ 1,200 total
Total fixed costs = $4,800
Fixed cost per unit:
Planned activity = $2.40 ($4,800/2,000)
Actual activity = $2.18 ($4,800/2,200)
ransactions:
1. Tran Lee invested $15,000 cash in the business.
2. Paid $750 rent for the month.
3. Purchased sewing equipment for $1,750.
4. Purchased sewing supplies, $250, on account from Eastern Notions Company.
5. Received $189 for alterations.
6. Completed a large tailoring job and received $1,149 for services.
7. Tran Lee withdrew $200 for personal use.
8. Did tailoring work on account for $256.
9. Paid $150 on account owed to Eastern Notions Company.
(1) Prepare a T account for each account used by Lee's Tailoring Service.
(2) Analyze each transaction and record the transaction in the appropriate T accounts.
(3) After recording all the transactions, compute the balance of each account. Indicate the normal
balance by writing "Balance" on the normal balance side of the account.
(4) Test the equality of debits and credits.
(Record the transactions in the given order. Be sure to list the assets, liabilities and owner's equity in order of their liquidity. Omit the "$" sign in your response.)
General Ledger
Cash in Bank
(1)
$
15,000
(2)
$
750
(5)
189
(3)
1,750
(6)
1,149
(7)
200
(9)
150
Balance $
13,488
Accounts Receivable
(8)
$
256
Balance $
256
Sewing Supplies
(4)
$
250
Balance $
250
Sewing Equipment
(3)
$
1,750
Balance $
1,750
Accounts Payable
(9)
$
150
(4)
$
250
Balance $
100
Tran Lee, Capital
(1)
$
15,000
Balance $
15,000
Tran Lee, Withdrawals
(7)
$
200
Balance $
200
Tailoring Fees
(5)
$
189
(6)
1,149
(8)
256
Balance $
1,594
Rent Expense
(2)
$
750
Balance $
750
Account Name Debit Credit
Cash in Bank
$
13,488
Accounts Receivable
$256
Sewing Supplies
$250
Sewing Equipment
$1,750
Accounts Payable
$100
Rent Expense
750
$
30,338
Cash in Bank
$
$13,488
Accounts Payable
$100
Tran Lee, Capital
$15,000
$
28,588
©2020 McGraw-Hill Education. All rights reserved.
Answer:
\( {52252 { = > { \frac{ < 3 \\ }{?} }^{?} }^{?} }^{?} \)
Explanation:
hashshahhahshsgsgtiti
Emma started a business called memories and melodies she recognized that music socialization and memory challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time
As Emma started a business called memories and melodies she recognized that music socialization The Non-profit work is thereby the Emma.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
The organization through striving for profits but is intended to use the profits for the social welfare of specific society sections. Such an organization is termed a nonprofit organization
Therefore, Thus option(C) is correct.
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The options are:
Profit
Business
Non-profit.
Sam Smith is currently employed as a mechanical engineer and is paid $65,000
per year plus benefits thatare equal to 30% of his salary. Sam wants to begin a
consulting firm and decides to leave his current job. After his first year in
business, Sam's accountant informed him that he had made $45,000 with his
consulting business. Sam also notices that he paid $6,000 for a health
insurance policy, which was his total benefit during his first year. What was
Sam's opportunity cost?
What was Sam's opportunity cost?
Sam gave up $65,000 in salary plus $19,500 in benefits or a total of $84,500.
The concept in the back of opportunity value is that the fee of 1 object is the misplaced possibility to do or eat something else; in quick, opportunity cost is the price of the following fine alternative. benefits foregone by using no longer choosing an alternative direction of motion.
Opportunity cost is the cost of the following satisfactory element you surrender whenever you decide. it's miles the lack of capacity gained from other options when one opportunity is chosen. The concept of an opportunity price became first started by John Stuart Mill. possibility price is the difference in the advantage of a preference you are forgoing compared to the advantage of the choice you're making. you may recognize opportunity fee as an estimation of the way much regret you'll sense for making one desire over every other.
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Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix shows the following selected accounts and amounts for the month of December.
Equipment $7,000 Office supplies $2,100
Salaries expense 3,600 Rental revenue 1,100
Consulting revenue 15,000 Advertising expense 520
Cash 9,200 Prepaid insurance 1,600
Utilities expense 320 Accounts payable 3,220
Note payable 3,000 Note receivable 3,100
Accounts receivable 4,100 Rent expense 2,600
Common stock 14,000 Unearned revenue 420
Dividends 2,600
Required:
a. Prepare a March income statement for the business.
b. Prepare a March statement of retained earnings. The Retained Earnings account balance at March 1 was $0.
c. Prepare a March 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2.
a. The March income statement for the business is $9,060.
b. The March statement of retained earnings is $6,460.
c. The March 31 balance sheet is :
Total Assets $27,100 Total Liabilities & Stockholders Equity $27,100 Income statementa. Income Statement
Revenues:
Consulting revenue $15,000
Rental revenue $1,100
Total revenue $`16,100
Expenses:
Salaries expense $3,600
Utilities expense $320
Advertising expense $520
Rent expense $2,600
Total expenses ($7,040)
Net Income $9,060
($16,100-$7,040)
b. Statement of Retained Earnings
Beginning retained earnings 0
Net Income $9,060
Less Dividends $2,600
Retained earnings, Ending $6,460
c. Balance Sheet
Assets Amount Liabilities + Stockholders Equity Amount
Current Assets: Current Liabilities:
Cash $9,200 Accounts payable $3,220
Accounts receivable $4,100 Note payable $3,000
Office supplies $2,100 Unearned revenue $420
Prepaid insurance $1,600 Total Current Liabilities $6,640
Note receivable $3,100 Stockholders Equity:
Total Current Assets $20,100 Common stock $14,000
Plant Assets : Retained earnings $6,460
Equipment $7,000 Total stockholders equity $20,460
Total Assets $27,100 Total Liabilities & Stockholders Equity $27,100
Inconclusion the March income statement for the business is $9,060 and the March statement of retained earnings is $6,460.
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Aunt Sally’s “New Orleans Most Famous Pralines” sells pralines costing $1.06 each to make. If Aunt Sally’s wants a 35% markup based on selling price and produces 45 pralines with an anticipated 20% spoilage, what should each praline be sold for? (Round your answer to the nearest cent.)
Selling price $
Each praline should be sold for $1.95.
Here's how you can calculate it:
- The cost to make each praline is $1.06.
- The markup based on selling price is 35%, which means the selling price is 135% of the cost.
- Let x be the selling price per praline.
- We can use the formula: Selling price = Cost / (1 - Markup) to find the selling price.
- Substituting the values, we get: x = 1.06 / (1 - 0.35) = 1.63.
- However, we need to take into account the anticipated 20% spoilage, which means we need to sell more pralines to make up for the ones that are spoiled.
- The total number of pralines needed is: 45 / (1 - 0.20) = 56.25, which we can round up to 57.
- Therefore, the selling price per praline should be: $1.63 * 1.35 = $2.20.
- Rounding this to the nearest cent, we get: $2.20 rounded to the nearest cent is $2.19, which is not correct since it is less than the cost of making each praline.
- We need to adjust the selling price to ensure that we make a profit. We can increase the selling price by $0.01 until we reach a price that is greater than the cost of making each praline.
- Increasing the selling price by $0.01, we get: $2.21, which is still less than the cost of making each praline.
- Increasing the selling price by $0.01 again, we get: $2.22, which is greater than the cost of making each praline.
- Therefore, each praline should be sold for $2.22 rounded to the nearest cent, which is $2.21.
Exercise 183 Wayne Company reported net income of $265,000 for 2020. Wayne also reported depreciation expense of $45,000 and a loss of $8,000 on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $6,000 decrease in prepaid expenses.Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method.
Answer:
Net cash flow of the operating activities is $356,000
Explanation:
Wayne Company
Partial statement of Cash flow
For the year Ended December 31, 2021
Cash flow from operating activities:
Net Income $265,000
Adjustment to reconcile net income to net
cash provided by operating activities
Depreciation expenses $45,000
Loss on sale of equipment $8,000
Decrease in accounts receivable $15,000
Decrease in prepaid expenses $6,000
Increase in accounts payable $17,000 $91,000
Net cash provided by operating activities $356,000
What is the profit maximizing level of output for this pure monopolist?
The profit maximizing level of output for a pure monopolist occurs where marginal revenue (MR) equals marginal cost (MC) and the corresponding price is set on the demand curve.
Without more information on the specific demand and cost functions, it is not possible to determine the profit maximizing level of output for a pure monopolist.
In microeconomics, a pure monopolist is a company that has complete control over the supply of a particular product or service in a given market. As such, it has the power to set the price of its product or service to maximize its profits.
To determine the profit-maximizing level of output, the monopolist must consider two factors: the marginal revenue (MR) and marginal cost (MC) of producing one additional unit of output. The MR represents the additional revenue earned from selling one more unit, while the MC represents the additional cost of producing one more unit.
The profit-maximizing level of output is the point where the MR is equal to the MC. At this point, the monopolist is producing the optimal quantity of output, and any additional units produced would result in a decrease in profits.
In other words, the profit-maximizing level of output for a pure monopolist is the point where:
MR = MC
By setting the output level at this point, the monopolist is able to charge the highest price that the market will bear while still maximizing its profits.
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discribe your business/overview
Explanation:
The business overview is a component of a business plan that provides a general explanation of your company. By reading this section, the audience learns about your company and its structure, values, mission and offerings. It can also demonstrate what makes your company unique from competitors.
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At the end of the current year the accounts receivable account has a debit balance of $992,000 and sells for the year of 11,240,000 the allowance account before adjustment has a debit balance of $13, 400. Bad debt expense is estimated at 1/2 of 1% of sales determine the amount of the adjusting entry to provide for doubtful accounts.
The amount of the adjusting entry to provide for doubtful accounts is $56,200.
It is given that
accounts receivable = $992,000
sales for the year - $11,240,000
allowance for doubtful accounts = $13,400
To calculate the amount of the adjusting entry to cover doubtful accounts, we must first estimate the number of bad debts for the year based on the accounts receivable balance and the sales generated during the year.
total estimated bad debt = 0.25% x $11,240,000 = $28,100
total estimated bad debt = 0.5% x $11,240,000 = $56,200
Therefore, adjusting entry to provide for doubtful accounts is $56,200.
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Which of the following government offices help individuals fund their college education?
A.
Office of Educational Technology
B.
Office of Postsecondary Education
C.
Office of Vocational and Adult Education
D.
Office of Federal Student Aid
Answer:
D. office of student federal aid
Explanation: