Answers
The reserve ratio is too powerful to be changed very often because a small change is magnified throughout the banking system
The reserve ratio is the percentage of deposits that a bank is required to hold in reserve, rather than lending out or investing. It is a key tool that central banks use to influence the money supply and credit conditions in the economy. Because the reserve ratio is a percentage of deposits, a small change in this ratio can have a significant impact on the amount of money that banks have available to lend.
If the reserve ratio is increased, banks will be required to hold more of their deposits in reserve, which means they will have less money available to lend. This can tighten credit conditions and reduce the economic money supply. Conversely, if the ratio is decreased, banks will hold less of their deposits in reserve, which means they will have more money available to lend. This can loosen credit conditions and increase the money supply in the economy.
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Related Questions
Identify the scenarios as examples of elastic, inelastic, or unit elastic demand. a. When Ruko, a device used to stream movies at home, increases prices by 39 percent, total revenue decreases by 57 percent. b. When Cinema Supreme increases ticket prices by 5 percent, total revenue does not change. c. When Bluebox, a streaming service for foreign television shows and movies, increases its prices by 44 percent, total revenue increases by 34 percent.
Answers
When Ruko, a device used to stream movies at home,- elastic. When Cinema Supreme increases ticket prices by 5 percent -unit elastic. When Bluebox, a streaming service for foreign television shows and movies—inelastic.
What is unit elastic?A situation in which a change in one variable causes an equally proportional change in another variable is referred to as unit elastic in economics. Elasticity, one of the core ideas in economics, is primarily related with the idea of unit elastic.
Goods that are affected by price changes in demand or supply are known as unit elastic goods. For instance, if banana costs fall, more individuals may choose to purchase them since they can now afford to do so given the lower pricing. This would be an illustration of unit elastic supply and demand.
Thus, elastic, unit elastic and inelastic.
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Luca, the operations manager a company that produces ground coffee beans, wants to know the sequence of the production process in the company to determine if any process can be combined or eliminated. In this case, a _____ will suit Luca's requirement.
Answers
The use of Flow-chart will suit Luca's requirement to know the sequence of the production process.
Flowchart is a diagram that shows the separate steps of a process in sequential order.
This will help Luca to know the sequence of the production process and allow him to decide whether to combine or eliminate some process.Therefore, the use of Flow-chart will suit Luca's requirement to know the sequence of the production process.
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What is the diagnostic phase of a sales meeting called?
O implementation
O gaining attention
O call to action
O needs assessment
Answers
The diagnostic phase of a sales meeting is called "needs assessment".
What happens in the diagnostic phase?During this phase, the salesperson focuses on understanding the customer's specific needs and requirements.
This involves asking questions and actively listening to the customer's responses in order to gain a deeper understanding of their situation and identify potential solutions that the salesperson can offer.
By conducting a thorough needs assessment, the salesperson can tailor their presentation and recommendations to meet the customer's specific needs and ultimately increase the likelihood of closing the sale.
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An electronics company has two contract manufacturers in Asia: Foxconn assembles its tablets and smart phones and Flextronics assembles its laptops. Monthly demand for tablets and smartphones is 10,000 units, whereas that for laptops is 4,000. Tablets cost the company $100, laptops cost $400, and the company has a holding cost of 25%. Currently the company has to place seperate orders with Foxconn and Flextronics and recieves seperate shipments. The fixed cost of each shipment is $10,000. (A) What is the optimal order size and order frequency with each of Foxconn and Flextronics?The company is thinking of combining all assembly with the same contract manufacturer. This will allow for a single shipment of all products from Asia.
What is the optimal order frequency and order size from the combined orders? (C) How much reduction in cycle inventory can the company expect as a result of combining orders and shipments?
Answers
Answer:
A) Monthly demand for tablets and smartphones= 10,000 units Yearly demand for tablets and smartphones (D )= 12*10,000 units=120000 units Monthly demand for laptops = 4000 units yearly demand for laptops
Explanation:
Your restaurant plans to spend $1,000 on social media ads. Your average meal sells for $10 and food cost is 30%. How
many additional meals do you need to sell to breakeven on your advertising?
Ignore all
other restaurant costs except food cost
a) 100 meals
b) 132 meals
c) 143 meals
d) 1000 meals
Answers
Answer:
c) 143 meals
Explanation:
30% of 10 is 3
10-3=7
1000/7=142.857143
round up.
"Is college the best choice?" Using economic reasoning skills you have learned in this course, you will write an extended paragraph making a claim to the prompt, cite two pieces of evidence directly from the sources, and explain your reasoning of how this evidence connects to the claim.
Answers
Answer:
College education is undoubtedly the best choice for individuals seeking higher-paying jobs and better career prospects. According to the Bureau of Labor Statistics, individuals with a bachelor's degree earn an average of $1,248 per week, while those with only a high school diploma earn an average of $746 per week. This means that college graduates earn almost twice as much as those without a college degree. Additionally, a report by Georgetown University's Center on Education and the Workforce found that by 2020, 65% of all jobs in the United States will require some form of postsecondary education. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market.
The evidence from the Bureau of Labor Statistics and Georgetown University's Center on Education and the Workforce supports the claim that college education is the best choice. The higher earnings of college graduates compared to those without a college degree indicate that investing in a college education can lead to better financial outcomes. Furthermore, the report by Georgetown University's Center on Education and the Workforce highlights the increasing demand for postsecondary education in the job market. This means that individuals without a college degree will have limited job opportunities and will be at a disadvantage in the job market. Therefore, it is clear that college education is the best choice for individuals seeking higher-paying jobs and better career prospects.
Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.
b. False
a. True
Answers
Answer:
A.true
am i right
Explanation:
correct me if im wrong
thanks
loveya
Arbitron Media Research Incorporated conducted a study of the iPod listening habits of men and women. One facet of the study involved the mean listening time. It was discovered that the mean listening time for a sample of 11 men was 30 minutes per day. The standard deviation was 13 minutes per day. The mean listening time for a sample of 18 women was also 30 minutes, but the standard deviation of the sample was 13 minutes. At the 0.02 significance level, can we conclude that there is a difference in the variation in the listening times for men and women?
a. State the null and alternate hypotheses.
multiple choice
H0: σ12 = σ22 and H1: σ12 ≠ σ22
H0: σ12 = σ22 and H1: σ12 = σ22
H0: σ12 ≠ σ22 and H1: σ12 ≠ σ22
H0: σ12 ≤ σ22 and H1: σ12 > σ22
b. State the decision rule. (Round your answer to 2 decimal places.)
c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
d. Compute the p-value. (Round your answer to 4 decimal places.)
e. What is your decision regarding H0?
f. Interpret the result.
Answers
The hypothesis is H0: σ12 = σ22 and H1: σ12 ≠ σ22.
The decision would be to reject if the p value is less than the null.
The value of F test is 1
p value is 0.4804
How to solve for the solution to the questiona. The null and the alternate hypothesis is H0: σ12 = σ22 and H1: σ12 ≠ σ22.
b. What is the decision ruleThe decisions rule would be to reject the null hypothesis if the p value is less than the null
c. How to solve for the F test
We have the formula as:
F = S2² / S1²
= 13² / 13²
= 169 / 169
= 1
How to solve for the p value
df = 11 - 1 = 10
18 - 1 = 17
p value = 0.4804.
The p value is greater than the level of significance at 0.02, hence we would have to fail to reject the null hypothesis.
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Snavely, Inc., manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product E1 600 8.0 4,800 Product A7 300 4.0 1,200 Total direct labor-hours 6,000 The direct labor rate is $24.90 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product E1 $206.00 Product A7 $225.00 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product E1 Product A7 Total Labor-related DLHs $ 109,600 4,800 1,200 6,000 Machine setups setups 51,690 700 300 1,000 Order size MHs 808,470 2,800 3,500 6,300 $ 969,760 The total overhead applied to Product A7 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers
The total overhead applied to Product A7 under activity-based costing is closest to $482,086.
The total overhead applied is calculated with the following data from the question: Activity Estimated Expected ActivityActivity Cost Pools Measures Overhead Product E1 Product A7 Total
Labor-related DLHs $ 109,600 4,800 1,200 6,000
Machine setups setups 51,690 700 300 1,000
Order size MHs 808,470 2,800 3,500 6,300
Total $ 969,760
Overhead Allocation using activity-based costing method:Total Costs Product E1 Product A7
Labor-related DLHs $ 109,600 $87,680 (80%) $21,920 (20%)
Machine setups setups 51,690 36,183 (70%) 15,507 (30%)
Order size MHs 808,470 363,811 (45%) 444,659 (55%)
Total $ 969,760
Total overhead allocated to products $487,674 $482,086
Thus, the calculation of the total overhead applied to Product A7 under the activity-based costing method is determined by the volume of activities that Product A7 consumed under each activity cost pool, as indicated by the percentages.
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Why was the ford excursion discontinued?
Answers
Answer:
the Excursion's lack of market success is the key reason why Ford is discontinuing the Excursion
Explanation:
(Just need some ideas and inspiration) What do you consider the most important challenge that will face people in the United States in the years ahead?
Answers
Food security, hunger, poverty, population growth, pollution, heatwaves, droughts, and climate change are all interconnected.
What is Food security?Food security refers to the availability of food in a nation and the capacity of its citizens to obtain, afford, and procure enough food.
The United Nations Committee on World Food Security defines food security as everyone having constant physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.
Another aspect of food security is the accessibility of food regardless of class, gender, or area.
Food security was a problem many thousands of years ago, as shown by the fact that central governments in ancient China and ancient Egypt were known to release food from storage during famines.
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True or False: A partner cannot legally bind the other partners to a business agreement.
Answers
Answer: False
Explanation: In many cases, a partner will be able to bind the partnership without the other owners' consent. However, steps can be taken to prevent any one partner from entering into an agreement without the consent of the others.
Suppose that the demand and supply for good X are
=60−2 +0.01+7 !"#
=−600+10 $"
Where = quantity demand; = quantity supply; =Price of X; = Average !$"
consumer income; and = Price of a related good R #
(i) Is good X normal or inferior? Explain.
(ii) Are goods X and R substitutes or complements? Explain.
(iii) Suppose that = 40,000 and = 20, what are the equilibrium price and
quantity?
(iv) What happens to equilibrium price and quantity if supply shift to:
=−360+10
Answers
(i) Good X is an normal good as it is directly proportional to average consumer income. When consumer income increases, demand for good X also increases.
What is consumer income ?Consumer income is the money that a person or household earns from wages, salaries, investments, pensions, and other sources. It is the money that is available to be spent on goods and services, such as food, housing, clothing, entertainment, and other necessities. Consumer income is closely linked to GDP, as it is one of the major drivers of economic activity. As consumer income increases, people are more likely to spend money, which stimulates the economy.
(ii) Goods X and R are substitutes since a rise in the price of one will lead to a rise in the demand for the other. A change in the price of one good will affect the demand for the other.
(iii) If = 40,000 and = 20, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −600+10*20
This gives the equilibrium price of X to be $58 and the equilibrium quantity to be 800.
(iv) If the supply shifts to =−360+10, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −360+10*20
This gives the equilibrium price of X to be $48 and the equilibrium quantity to be 600. As the supply has shifted, the equilibrium price of Good X has decreased from $58 to $48 and the equilibrium quantity has decreased from 800 to 600.
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2. What will $110,000 grow to be in 9 years if it is invested today at 11%?
Answers
The $110,000 would grow to $ 281,384.06 in 9 years if invested at 11% per year.
What is future value?
The future value of an amount is its future equivalent value when the amount invested today has earned interest as well as the interest earned upon interest, which is known as the compounding effect, for instance, interest earned in year 1 would also earn interest in years 2-9.
The future value formula of a single cash flow is provided below:
FV=PV*(1+r)^N
PV=$110,000
r=11%
N=number of years that investment would last=9
FV=$110,000*(1+11%)^9
FV=$ 281,384.06
In essence, $110,000 invested today would become $281,384.06 in 9 years.
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Ali enjoys her graphic design class, and her friends and teachers often tell her she has a good eye for detail. Which type of education and career would best fit Ali’s artistic talents?
O. completing an apprenticeship to become a carpenter
O. earning an associate’s degree to become a construction supervisor
O. completing physical training to become a construction laborer
O. earning a bachelor’s degree to become an interior designer
Answers
Answer:
D. earning a bachelor's degree to become an interior designer
Explanation:
Answer:
D
Explanation:
Just took the test
What do insurance sales agents do?
Answers
Answer:
Explanation:
Insurance sales agents contact potential customers and sell one or more types of insurance. These agents explain various insurance policies and help clients choose the plans that suit them
The money supply fell during the Great Depression because __________
Group of answer choices
the monetary base also fell
the public held less currency, and the banks held less excess reserves
the public held more currency, and the banks held more excess reserves
the Fed did not yet exist
Answers
Answer: the public held more currency, and the banks held more excess reserves
Explanation:
The Great Depression, was an economic downturn which brought about the reduction in output, mass unemployment, reduction in investment, banking panics etc.
Some of the factors that led to the Great Depression were the crash in stock market, banking panics which led to reduction in loanable funds. The money supply reduced because the public held more currency, and the banks held more excess reserves.
¿In two to three sentences, explain why it is important to have insurance.?
Answers
Answer:
Explanation:
Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.
Unscramble the vocabulary word from Chapter 18: genrocis
Answers
The vocabulary word from Unscramble term genrocis is Cosigner.
With the help of a word unscrambler, you may input all the letters you have in your possession, and the tool will reorganize them to show all conceivable word combinations. Some might be concerned that this is a cheating method.
When a borrower fails not to repay a loan as promised, a co-signer agrees to be held accountable for the debt. If you want to buy a big item, like a car, but you can't get a loan on your own, you could consider getting a co-signer. Cosigner is a person responsible for payment of the loan if you do not pay as promised.
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Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answers
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
Cash Received from Customers—Direct Method
Sales reported on the income statement were $225,000. The accounts receivable balance decreased $14,300 over the year.
Determine the amount of cash received from customers.
Answers
Based on the sales figure and the change in the accounts receivable balance, the amount of cash received from customers was $14,300.
What was the amount of cash received?The accounts receivable balance refers to the amount that customers owe to the company.
This means that if the accounts receivable balance decreases by the certain amount, it would be because that amount was paid by the customers who owe the business.
The cash paid is therefore the amount of $14,300 which the balance reduced by.
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explain 5 ways in which business studies is a living subject
Answers
Five ways in which business studies is a living subject:
Evolving technologiesEconomic shiftsChanging consumer preferencesSustainability and ethical issuesGlobalizationHow is business studies a living object ?Business studies is an ever-evolving subject that continuously updates itself to reflect the latest developments and trends in the contemporary business environment. The dynamic global economy, characterized by recessions, inflation, and changing trade policies, can have significant consequences on businesses. It compels them to adapt quickly in order to remain profitable.
Furthermore, as society shows a growing inclination towards sustainability and ethical concerns, businesses must incorporate these principles into their practices. This highlights the importance of keeping up-to-date with these changes for students studying in business studies so they can gain success in today's innovative business world.
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Economical Environment
Political Environment
Social Environment
Legal Environment
Technological Environment
What is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.
Answers
News release is the one or more printed or electronic pages of material released to raise awareness of something or shine light on it. The option (E) is correct.
What does public relations publicity mean?Any information shared with the public through the media that has the power to alter public perception of a brand, organisation, person, or product is referred to as publicity. There is a mix of good and bad news because the entity being discussed doesn't manage or control the information.
What is an illustration of public relations and publicity?Campaigns in traditional media, sponsorships, product placement, social media campaigns, consumer education, and corporate social responsibility are a few examples of public relations.
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The complete question is below:-
A _____ is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.
A. feature article
B. house organ
C. press bulletin
D. media announcement
E. news release
Super Carpeting Inc. (SCI) just paid a dividend (Do) of $1.68 per share, and its annual dividend is
expected to grow at a constant rate (9) of 3.50% per year. If the required return (rs) on SCI's stock is
8.75%, then the intrinsic value of SCI's shares. .............................
per share.
Which of the following statements is true about the constant growth model?
с
The constant growth model can be used if a stock's expected constant growth rate is less than its
required return.
C
The constant growth model can be used if a stock's expected constant growth rate is more than
its required return.
Use the constant growth model to calculate the appropriate values to complete the following
statements about Super Carpeting Inc.:
• If SCI's stock is in equilibrium, the current expected dividend yield on the stock will
be..................per share.
• SCI's expected stock price one year from today will be........
...per share.
. If SCI's stock is in equilibrium, the current expected capital gains yield on SCI's stock will
be.............
....per share.
Answers
The constant growth model can be used if a stock's expected constant growth rate is less than its required return. So, the correct answer is option a.
Dividends (D1) For next period = D1 (1 + g)
= 1.65 x(1.035)
= 1.7388
P0 = (Div1 )/(r - g)
= 1.7388
= .0875- .35
= $33.12 per share
Div 1 = Dividend for next period
r = required rate of return
g = growth rate of dividend
A dividend is the payment of business profits to qualified shareholders.
The board of directors of an organisation decides on dividend distributions and quantities.
When expressed as a percentage of a company's stock price, the dividend yield is the dividend paid out per share.
Many businesses save their profits to reinvest in the business rather than paying dividends.
Shareholders with voting rights must approve dividends. Although they are less prevalent, dividends can also be distributed as stock shares.
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A patient has undergone procedures in the dental office to improve his periodontal health. The patient had severe periodontal disease and has shown moderate improvement, although he states his “gums are still bleeding.” The patient already has undergone a series of radiographs, a periodontal chart, and intraoral photographs that were taken before the treatment began. What instruments and forms should the dental assistant have ready for the dentist for this patient’s next examination? What must the dental assistant do during and after the examination?
Answers
A dentist is a health practitioner which specializes in oral health and
treatment plans for individuals.
The instruments and forms the dental assistant should have ready for this
patient’s next examination include:
Briault probeCotton forcepsExplorersMouth mirrorPeriodontal probeStraight probeThese instruments should be used to check the cause of the bleeding and
administer the right treatment. and is the reason why an examination has
to be conducted.
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Gemma's seller client, Hugo, is selling his house in Benton. As Hugo's seller agent,
Gemma has several tasks to perform for him. One of these tasks is to what
Answers
Gemma's task as Hugo's seller agent is to conduct a comparative market analysis (CMA) to determine the appropriate listing price for the house in Benton.
The purpose of a CMA is to determine the appropriate listing price for the property by comparing it to similar properties in the local market.
Gemma will gather information on recently sold properties in Benton that are similar in size, condition, location, and features to Hugo's house. This information includes the selling prices of these properties, as well as the time they spent on the market before being sold.
By analyzing the data from the comparable properties, Gemma will be able to assess the current market value of Hugo's house. This will help her and Hugo determine a competitive and realistic listing price that attracts potential buyers while maximizing the property's value.
Gemma's CMA will involve carefully selecting and evaluating the most relevant comparable properties and making adjustments to account for any differences between them and Hugo's house. These adjustments may consider factors such as square footage, upgrades, amenities, and location.
By performing a thorough and accurate CMA, Gemma will provide Hugo with valuable insights into the local real estate market and enable him to make informed decisions regarding the listing price and marketing strategy for his house in Benton.
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Priscilla Presley and investment manager Jack Snowden formed _____________ on June 7, 1982 to conduct business and manage the assets of Elvis' estate.
Answers
Priscilla Presley and investment manager Jack Snowden formed a Partnership on June 7, 1982, to conduct business and manage the assets of Elvis' estate.
An agreement between two or more people to manage a business's operations and divide its assets and liabilities is known as a partnership.
What is the function of partnership?A partnership agreement is a legally binding agreement between two or more people or other legal entities with the aim of establishing a business entity.
There must be at least two people present. There must be an understanding. The business must distribute its gains. Mutual agency is required, meaning that all of them must do business on their own behalf or that any one of them may do so.
A partnership is a type of business where two or more persons enter into a legal agreement to be co-owners, share in the organization's profits or losses, and divide the duties for managing it.
All partners in a general partnership corporation split the company's assets and debts equally. Lawyers and other professionals frequently create limited liability partnerships.
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What is your diagnosis of the situation at FAVI?
Answers
Answer:
Explanation:
FAvI is a small automotive parts manufacturer in Hallencourt, France. In addition to other products, it is the European leader in the production of key components for gearboxes (manual transmissions) in such cars as Renault, Peugeot, Citroen, Fiat, Opel, Audi, volvo, and volkswagen. Employing about 400 people, this société anonyme
in the cash book, every cash receipt is______ and every cash payment is_______
Answers
Sarjit Systems sold software to a customer for $166,000. As part of the contract, Sarjit promises to provide "free" technical support over the next six months. Sarjit sells the same software without technical support for $144,000 and a stand-alone six-month technical support contract for $36,000, so these products would sell for $180,000 if sold separately. Prepare Sarjit’s journal entry to record the sale of the software.
Answers
Answer:
Dr Cash $166,000
Cr Deferred revenue $33,200
Cr Sales revenue $132,800
Explanation:
Preparation of Sarjit’s journal entry to record the sale of the software.
Dr Cash $166,000
Cr Deferred revenue $33,200
($166,000 × 20%)
Cr Sales revenue $132,800
($166,000 × 80%
Workings:
First step is to calculate the total fair values percentage
Total fair values percentage= ($144,000 ÷ [$36,000 + $144,000])
Total fair values percentage=80%
Second step is to calculate the technical support percentage
Technical support percentage=($36,000 ÷ [$36,000 + $144,000]).
Technical support percentage=20%
Now let calculate the amount recognized and the remaining amount recognized
Recognize amount= ($166,000 × 80%)
Recognize amount=$132,800
Remaining amount recognized= ($166,000 × 20%)
Remaining amount recognized=$33,200