Charismatic leadership refers to the behavioral tendencies and personal characteristics of leaders. an exceptionally strong relationship between them and their followers.
A charismatic leader is one who influences others through his or her communication skills, persuasiveness, and charm. Charismatic leaders are especially valuable in organisations that are facing a crisis or struggling to move characteristics. Charismatic leaders, for example, have the ability to motivate others to achieve higher levels of performance as well as instil deep levels of commitment, trust, and satisfaction. As a result, when compared to less charismatic leaders, they are perceived as more effective by their subordinates.
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A firm operates in perfectly competitive market. The market price of its product is 6 birr and the cost function is given by 1/3Q3-5Q2+20Q+50, where TC is total cost and Q is the level of output. A. What level of output firm should the firm produce to maximize its profit? B. Determine the level of profit at equilibrium C. What a minimum price is required by the firm to stay in the market?
To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).
The total cost (TC) function is given as:
TC = 1/3Q^3 - 5Q^2 + 20Q + 50
To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:
MC = dTC/dQ = Q^2 - 10Q + 20
A. To maximize profit, set MC equal to the market price (P) and solve for Q:
Q^2 - 10Q + 20 = 6
Q^2 - 10Q + 14 = 0
Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:
Q ≈ 2.34 or Q ≈ 7.66
Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.
B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.
TR = P * Q
TR = 6 * 7 = 42
Profit (π) = TR - TC
Profit (π) = 42 - TC
To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.
C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.
AVC = TVC / Q
AVC = (TC - TFC) / Q
However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.
Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.
3. Jiro has £50 000 in a savings account. He intends to leave it there for the next 3
years and has a fixed annual interest rate of 3% per year. How much will his £50 000
be worth after 3 years?
Jiro', £50 000 in the savings account will be worth £54636.35 after 3 years.
What is a savings account?Savings accounts are deposit accounts that often pay more interest than checking accounts that do. Savings accounts place a cap on the number of specific transfers and withdrawals that can be made from the account throughout each cycle of monthly statements. Savings accounts are a secure place to save cash that you might need at a moment's notice. Almost any bank or credit union allows you to start one, frequently totally online and with little to no initial deposit. These accounts consistently pay the stated rate of interest, and while some have little fees, most do not.
Given,
Principle amount P = £50000
Rate of interest = 3% = 0.03
Time period T = 3 year
Total amount = P(1 + R)^T
Total amount = 50000(1 + 0.03)^3
= £54636.35
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Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: January February March $ 3 Material purchases 14,870 11,690 12,760 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $7,200. The budgeted cash payments for materials in January are
A. $13,580.
B. $13,815
C. $9,980
D. $7,200.
E. $19,960.
Answer:
Total= $14,635
Explanation:
Giving the following information:
Cost of materials:
January= 14,870
February= 11,690
March= 12,760
Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase.
The December Accounts Payable balance is $7,200.
To calculate the cash disbursement for January, we need to use the following structure:
Cash collection:
Accounts Payable= 7,200
Cash From January= (14,870*0.5)= 7,435
Total= $14,635
b) Find the standard deviation and the coefficient of variation of the following data. 25 Marks Interval Frequency Interval Frequency 3.00-3.25 6 4.00-4.25 47 3.25-3.50 19 4.25-4.50 29 3.50-3.75 35 4.50-4.75 15 3.75-4.00 44 4.75-5.00 5
The standard deviation is 0.4182 and the coefficient of variation is 10.5%.
Given the following data Interval Frequency 3.00-3.25 64.00-4.25 473.25-3.50 194.25-4.50 293.50-3.75 354.50-4.75 153.75-4.00 445.00-4.75 5 The formula for finding the standard deviation is:\($$ \sigma =\sqrt{ \frac{\sum f(x-\overline{x})^2}{N}} $$\)
The table below shows the calculation; Interval \($X$ Midpoint ($X_i$)\) Frequency \(($f$) $x-\bar{x}$ $f(x-\bar{x})$ $(x-\bar{x})^2$ $f(x-\bar{x})^2\)
$3.00-3.25 3.125 6 -0.725 -4.35 0.525625 3.153.25-3.50 3.375 19 -0.475 -9.025 0.225625 4.279.50-3.75 3.625 35 -0.225 -7.875 0.050625 1.773.75-4.00 3.875 44 0.025 1.1 0.000625 0.274.00-4.25 4.125 47 0.275 12.925 0.075625 3.554.25-4.50 4.375 29 0.525 15.225 0.275625 7.994.50-4.75 4.625 15 0.775 11.625 0.600625 9.01.75-4.00 4.875 5 1.025 5.125 1.050625 5.25 \($\sum f=200$ $\sum f(x-\bar{x})= 3.15$ $\sum f(x-\bar{x})^2= 35.01$\)
The variance is: \($ \sigma^2 =\frac{\sum f(x-\overline{x})^2}{N} $$\sigma^2=\frac{35.01}{200}=0.1751$\)
Therefore, the standard deviation is: \($$ \sigma=\sqrt{ \sigma^2} $$$ \sigma=\sqrt{ 0.1751}=0.4182$\)
The formula for finding the coefficient of variation is:$$ C.V = \(\frac{\sigma}{\overline{x}} \times 100\% $$\)
The coefficient of variation is:$$ C.V = \(\frac{0.4182}{3.985} \times 100\% $$$C.V = 10.5\%$\)
Therefore, the standard deviation is 0.4182 and the coefficient of variation is 10.5%.
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A yield curve is a graphical representation of the relationship between the yields and the maturities of securities issued by a given borrower in a given currency on a given date. The mathematical relationship between these two variables, the yield and the maturity, is called the term structure of interest rates, and the graphical relationship (plotted curve) is called the yield curve.
A yield curve can exhibit a variety of shapes, and the general shapes have been given a specific name. Identify the name of the yield curve that matches the pattern described as follows:
Description of the Yield Curve Name Given to Describe the Yield Curve
1. Short-term rates are relatively low, intermediate-term rates are much higher, and long-term rates are much lower.
2. Long-term rates are greater than short-term rates.
3. The yield curve exhibits a downward-sloping curve.
4. Normal yield curve Long-term rates are equal to short-term rates.
Answer:
1. Short-term rates are relatively low, intermediate-term rates are much higher, and long-term rates are much lower. - humped yield curve
2. Long-term rates are greater than short-term rates. - normal yield curve
3. The yield curve exhibits a downward-sloping curve - an inverted yield curve
4. Long-term rates are equal to short-term rates - flat yield curve
Explanation:
If long term interest rates are greater than short-term rates, this is an upward sloping demand curve, it is a normal yield curve
If the yield curve exhibits a downward-sloping curve, the short term rates are higher than the long term rates
If the long-term rates are equal to short-term rates, interest rate remains the same in the short and long term, the yield curve is flat
11. Identify five products sold in shops around your home. (5mks) 12. Identify any five occupations found in your trading centre. (5mks) 13. Outline the role of division of labour and specialisation. (5mks)
Groceries, apparel, electronics, books, and home products are the five items that are sold in stores close to my house. Shop owners, salespeople, the cashiers, guards for safety, and dry cleaners are the five jobs present in my trading center.
The separation of tasks and functions inside a system to boost production and efficiency is referred to as the division of labour and specialization.
Specialization enables workers to concentrate on the stages of the production process where they have an advantage, increasing productivity and output. The separation of roles and duties within a system is made possible by the division of labour, which boosts production and efficiency.
As a result, the significance of the five products sold in shops around home are the aforementioned.
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Robert and Mary file a joint tax return for 2020 with adjusted gross income of $34,000. Robert and Mary earned income of $20,000 and $14,000, respectively, during 2020. In order for Mary to be gainfully employed, they pay the following child care expenses for their 4-year-old son, John: Union Day Care Center for John $1,700 Wilma (Robert's mother) for babysitting John $1,000 What is the amount of the child and dependent care credit they should report on their tax return for 2020 (assume no tax liability limitation)
. $750. at 4.6% interest compounded annually for 48 months
Answer:
the ending balence would be about $1647.82 but if the question is asking the total compounded interest, it would be about $897.82
Explanation:
the formula for compound interest is
A = p ( 1 + \(\frac{r}{n}\) )^ \(^{nt}\)
p = $750
r = 4.6% --> 0.046 ( /100)
n = 1 (charged once a year)
t = 48 months --> 4 ( /12)
bedmas or pemdas
A = $750 ( 1 + 0.046 / 1 ) ^ 1 x 4
A = $750 ( 1 + 0.046 ) ^ 1 x 4
A = $750 ( 1.046 ) ^ 1 x 4
A = $750 x 1.17089821
A = $897.82 (rounded #)
$897.82 + $750 = $1647.82
(100 POINTS AND BEAINLYESt)
(Question 2 Only)
Answer:
D
Explanation:
Humans are always looking for things to help improve their daily lives, seeing advertisements showcase new items for them and get them to buy their stuff.
Answer:
ur jew for this
Explanation:
practice
20.2 Special Orders
Harvest, Inc. has received a special order for 3,000 boxes of crystal glassware for $30 per box. Harvest's variable costs per box are
$24, fixed costs per box are an additional $10 per box, and the normal selling price is $70 per box. Harvest has sufficient capacity to
produce the glassware. Harvest will incur special shipping costs of $2 per box for this special order. If the order is accepted, what will
be the effect on net income?
O $90,000 increase
$12,000 increase
O $18,000 decrease
O $12,000 decrease
Submit Answer
Save for Later
If the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
What is break-even analysis?Break-even analysis is an accounting technique to ensure that a company does not incur losses from its transactions.
Using the technique, a corporation ensures that the total costs are at least equal to the total revenue or the contribution margin is sufficient to cover the fixed costs, which are not variable within a relevant range.
The technique is based on the concepts of contribution margin and variable costing.
Data and Calculations:Special order units = 3,000 boxes
Price per box for special order = $30
Variable costs per box = $24
Special shipping costs per box for the special order = $2
Contribution margin per box = $4 ($30 - $24 - $2)
Total Contribution Margin = $12,000 ($4 x 3,000)
Fixed costs = $30,000 ($10 x 3,000)
Normall selling price per box = $70
Thus, if the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
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Economics (9.7.iii): What is the change in consumer surplus due to opening up to trade? Input your answer in units of millions of dollars. Enter a negative number if consumer surplus decreases.
*need this answered before Monday*
Answer:
This is -22
Explanation:
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Based on your understanding of the impact of macroeconomic factors, identify which of the following statements is true or false.
a. The larger the federal deficit, other things held constant, the higher are interest rates.
b. If the Fed injects a huge amount of money in the markets, inflation is expected to decline, and long-term interest rates are expected to rise.
c. In November 2008, the yields on U.S. Treasuries were actually negative. This means that investors were willing to lose money on their investment in U.S.
d. Treasuries as long as most of their invested capital was safe.
e. The Federal Reserve’s ability to use monetary policy to control economic activity in the United States is limited because U.S. interest rates are highly dependent on interest rates in other parts of the world.
Answer and Explanation:
1. True: money supply increase is inversely relayed to short term in5st rates which begin to fall
2. True: there is an increase in price of treasury securities here because of high demand of safe securities such as this. Therefore the interest which is constant is not equal increase in price
3. False: increase in interest will decrease money supply. money supply is increased to boost economy
4. True: other interest rates affect us interest rates
T/F. Flora's Fruit + Fresh is one of several local stores where customers can purchase locally grown fruits and vegetables. Each week, Flora also offers workshops in her store on topics such as canning, healthy eating, and growing a garden, which no other local store does. By offering these unique workshops, Flora is engaging in strategic positioning.
The given statement is true about the Flora is engaging in strategic positioning.
By offering unique workshops on topics that no other local store is providing, Flora's Fruit + Fresh is engaging in strategic positioning. Strategic positioning involves differentiating a business from its competitors by highlighting its unique features or offerings, and in this case, Flora's Fruit + Fresh is doing just that by providing educational workshops in addition to selling locally grown fruits and vegetables. Strategic positioning is the process of differentiating a business unit from its competitors by emphasizing unique features or benefits to appeal to a specific target market. It involves creating a distinctive image and reputation in the minds of customers to gain a competitive advantage in the market.
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Please help!!
Declaring bankruptcy has a negative effect on your credit report and it stays on your report for ____ years.
10
1
50
Forever
Answer:
D or Forever
Explanation:
Direct labor variances
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,800 units used 63,300 hours at an hourly rate of $19.80 per hour.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a. Direct labor rate variance $fill in the blank 2
b. Direct labor time variance $fill in the blank 4
c. Direct labor cost variance $fill in the blank 6
Feedback Area
Feedback
Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit).
The labor cost variance is the difference between the actual and standard labor cost.
The direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
Direct labor rate variance
(a) Rate variance = Actual hours × ( Standard rate - Actual rate)
Rate variance= 63,300 × ( $20- $19.80)
Rate variance= -$12,660 Favorable
(b)Time variance = Standard rate × ( Standard hours - Actual hours)
Time variance= $20 × ( 3 × 15,800 - 63,300)
Time variance= $20 ×15,900
Time variance=$318,000 Unfavorable
(c)Cost variance = Time variance - rate variance
Cost variance=-$12,660+$318,000
Cost variance=$305,340 Unfavorable
Inconclusion the direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
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When travelling to remote locations, it is often helpful to bring cash, in case you want to buy something from someone who does not accept credit or debit cards.
a. True
b. False
With total reserves of $50,000 and a required
reserve ratio of 10 percent, potential
deposit creation for the banking
system is equal to :
O $20,000
O $50,000
O $80,000
O $300,000
With total reserves of $50,000 and a required reserve ratio of 10 percent, potential deposit creation for the banking system is equal to $300,000. The correct option is d.
It required reserves = transaction deposits * required reserve ratio
=200000*0.1=20000
Excess reserves =total reserves -required reserves =50000-20000
=30000
Money multiplier =1/required reserve ratio =1/0.1=10
Potential deposit creation =excess reserves * multiplier =30000*10=300000
It is $300,000.
The reserve ratio is the percentage of reservable liabilities the advertisement banks must keep rather than lend or invest. This is a requirement set by the country's central bank, which is the Federal Reserve in the United States. It is also referred to as the cash reserve ratio. The reserve requirement is the minimum amount of reserves which a bank must hold, and it is sometimes used interchangeably with the reserve ratio.
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At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by: ______________
a. An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
b. A net income of $4,950.
c. An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
d. The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550.
e. The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
There are ways to know the differences in account. This difference could have been caused by An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
What is a trial balance?A trial balance is a document that depicts all asset, liabilities etc. It is often prepared so as to ensure that posting of amounts and accounts are done well and right.
Here, the Total debits must equal total credits. The issue could have been caused by option d due to different factors.
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Presenting an Income Statement and Computing Key Ratios
Best Buy Co., Inc., reported the following amounts in its February 1, 2014, and February 2, 2013, financial statements.
($ millions) 2014 2013
Sales revenue $42,410 $39,827
Cost of sales 32,720 30,528
Net income (loss) 523 (420)
Total assets 14,013 16,787
Stockholders' equity 3,989 3,715
Required
a. Prepare an income statement for Best Buy for the year ended February 1, 2014, using the format illustrated in Exhibit 1.8.
BEST BUY CO., INC.
Income Statement ($ millions)
AnswerFor Year Ended February 1, 2014February 1, 2014
AnswerSales revenueCost of salesOther operating expensesTotal assetsStockholders' equityOther liabilitiesGross profitNet income $Answer
AnswerSales revenueCost of salesOther operating expensesTotal assetsStockholders' equityOther liabilitiesGross profitNet income Answer
AnswerSales revenueCost of salesOther operating expensesTotal assetsStockholders' equityOther liabilitiesGross profitNet income Answer
AnswerSales revenueCost of salesOther operating expensesTotal assetsStockholders' equityOther liabilitiesGross profitNet income Answer
AnswerSales revenueCost of salesOther operating expensesTotal assetsStockholders' equityOther liabilitiesGross profitNet income $Answer
b. Calculate Best Buy's return on equity for the year ended February 1, 2014.
(Round your answer to one decimal place. Ex: 0.0345 = 3.5%.)
Answer%
c. Compute Best Buy's debt-to-equity ratio as of February 1, 2014.
(Round your answer to one decimal place.)
Answer
The best buy's debt to equity ratio as of february 2014 is 2.5 times of income and return on equity is 13.6%.
The income statement is as follow:a. BEST BUY CO., INC.
Income Statement
For Year Ended February 1, 2014
Sales revenue 42,410
Cost of Sales 32,720
Gross Profit 9,690
Other Operating Expenses 9,167
Net Income 523
b. Return on Equity = Net Income/ Average Stockholders Equity
Average Stockholders Equity= (3,989 +3,715) / 2
Return on Equity = (523 / 3,852) × 100
Average Stockholders Equity= $3,852
Return on Equity= 13.6%
c. Debt to Equity Ratio = Total Debt/ Total Equity or (Total Assets - Total Equity}/ Total Equity
Debt to Equity Ratio = (14,013 - 3,989} / 3,989
Debt to Equity Ratio = 10,024 / 3,989
Debt to Equity Ratio= 2.5 times
What is Debt to equity ratio?
Debt to equity ratio is a financial ratio that indicates the relative proportion of equity and debt used to fund a company's assets. Closely related to leverage, this ratio is also known as risk, gearing, or leverage.
The level of debt is a measure of the relative shares of creditors and shareholders or owners in the capital used in a company. Simply put, the ratio of a company's total long-term debt to total capital is known as leverage.
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Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol?
Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol? In most countries around the world, the legal drinking age is 18 years old or above. In the United States of America, it is 21 years old.
Leslie, born in 2002, is currently 19 years old. This implies that Leslie can purchase alcohol if she resides in a country where the legal drinking age is 18 years or above.
A few countries, such as Italy, allow 16-year-olds to drink beer or wine with a meal if they are accompanied by an adult.
However, these laws vary from one country to another, and the safest bet is to look up the drinking laws in your specific country or region to learn more about legal drinking ages.
Alcohol is harmful when consumed in excessive quantities, causing mental and physical problems.
Thus, it is critical to consume alcohol responsibly, regardless of the legal drinking age in one's region. If Leslie chooses to drink alcohol, she should only do so in moderation and not become addicted to it.
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Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound. Also recall the interest rates affect exchange rates. What do you predict will happen to the foreign exchange rate if interest rates in the United States increase more than in the UK? (In other words, which currency will become stronger?) How would such a change affect US exports to the UK? Would it be less expensive for an American tourist to take a vacation to London after the interest rate change? Be sure to clearly explain and justify your reasoning.
Answer:
Exchange Rate and Interest Rate
1. If interest rates in the United States increase more than in the UK, the exchange rate of the US dollars will increase relative to the UK pounds, thus causing the UK pounds to become stronger than the US dollars.
2. US exports to the UK would become cheaper in UK.
3. It would be more expensive for an American tourist to take a vacation to London after the interest rate change because they would need more money to handle the differences.
Explanation:
Generally, higher interest rates in an economy offer investors some higher returns when compared to other countries. These higher interest rates attract foreign capital and cause the exchange rate to rise. When this happens, the cost of goods and services in the country with the higher interest and exchange rates. The opposite becomes the case when the interest and exchange rates are lower relative to other countries.
If interest rates in the United States increase more than in the UK, the United states currency would become stronger or appreciate against the British Pound.
As a result of the increase in the value of the US currency, export to the UK would decline because export would become more expensive. It would be less expensive for American tourist to take a vacation to London.
Exchange rate is the rate at which one currency is exchanged for another currency.
If interest rates in the United States increase more than in the UK, there would be an increase in foreign investments in the US. As a result, the demand for the dollar would increase and this would lead to an appreciation of the dollar against the GBP.
As a result of the appreciation of the dollar, export goods to the UK becomes more expensive and imports to the US from the UK becomes cheaper.
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Which nims is management characteristic
Follows established processes for gathering, analyzing, assessing, sharing, and managing data?
Answer: Information and Intelligence Management
Explanation:
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: The semiannual dividend on 10% cumulative preferred, $44 par value, 12,900 shares authorized, issued, and outstanding. The annual dividend on $1.75 cumulative preferred, 120,000 shares authorized, 72,000 shares issued, 63,600 shares outstanding. Last year's dividend has not been paid. The quarterly dividend on 12.0% cumulative preferred, $80 stated value, $109 liquidating value, 78,000 shares authorized, 67,600 shares issued and outstanding. No dividends are in arrears.
Answer:
a. The semiannual dividend on 10% cumulative preferred, $44 par value, 12,900 shares authorized, issued, and outstanding.
Figures are annualized:
= 10% * 44 * 12,900
= $56,760
Semi-annual dividends = 56,760 / 2
= $28,380
b. The annual dividend on $1.75 cumulative preferred, 120,000 shares authorized, 72,000 shares issued, 63,600 shares outstanding. Last year's dividend has not been paid.
= Dividend per share * Shares outstanding
= 1.75 * 63,000
= $110,250
Cumulative dividends have to be paid eventually and so accumulate. If dividend was not paid last year, total dividend is:
= 110,250 * 2
= $220,500
c. The quarterly dividend on 12.0% cumulative preferred, $80 stated value, $109 liquidating value, 78,000 shares authorized, 67,600 shares issued and outstanding. No dividends are in arrears.
Dividend = Dividend rate * Stated value * Number of shares outstanding
= 12% * 80 * 67,600
= $648,960
Quarterly dividend = 648,960/4
= $162,240
At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On January 30, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Bramble declared a 100% stock dividend on its common stock. Net income for 2021 was $1143000. In its 2021 financial statements, Bramble's 2021 earnings per common share should be
Answer:
the earning per common share is $3.83 per share
Explanation:
The computation of the earning per common share is shown below
= Net income ÷ weighted number of outstanding shares
= $1,143,000 ÷ (298,000 shares)
= $3.83 per share
We simply divided the net income from the weighted number of outstanding shares so that the earning per share could be determined
hence, the earning per common share is $3.83 per share
All of the following statements regarding the career agency distribution system are correct except
All of the aforementioned statements regarding the career agency distribution system are correct except: Personal producing general agents (PPGAs) are commonly hired to manage career agencies.
What is an agency?An agency can be defined as the ability of an individual to identify valued goals, priorities and desired outcomes, so as to enhance the purposeful pursuit of those goals and desired outcomes proactively, efficiently and effectively.
What is a career agency distribution system?A career agency distribution system can be defined as a type of distribution system that typically involves an insurance company making use of its own commissioned agents, in order to sell and deliver insurance policies.
In conclusion, a career agency distribution system is the most common system that is used for distributing individual life insurance products.
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Complete Question:
All of the following statements regarding the career agency distribution system are correct EXCEPT:
It uses agents who primarily if not exclusively represent one insurer.
Personal producing general agents (PPGAs) are commonly hired to manage career agencies.
There are two types, the general agency system and the managerial system.
The managerial form of career agency system uses company employees as the agency managers.
A deposit of $10,000 offering a nominal interest rate of 3 percent would pay how
much interest in six months?
OA. $300
OB. $400
C. $100
OD. $150
Interest would be earned on a $10,000 deposit at a nominal 3% rate in six months. It would be $400. Thus, option (B) is correct
What is the rate?A number, amount, or degree measured in relation to another object. She typed at a speed of 80 words per minute. : a charge or payment based on another quantity. more specifically: the premium per insurance unit. A rate in mathematics is the comparison of two related values expressed in different units. [1] The numerator of the ratio expresses the corresponding rate of change in the other (dependent) variable.
The net present value of a project is negative if the internal rate of return is greater than the required rate of return. The internal rate of return for an investment project with a project profitability index of -0.05 is lower than the discount rate. Interest would be earned on a $10,000 deposit at a nominal 3% rate in six months. It would be $400
Therefore, Thus, option (B) is correct
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Prepare a statement of owner's equity for Wong's Hardware for the month ended December 31, 20X1, based on the following amounts. $ 7,800 10,500 Net Income for December Cash Han Wong, Capital, December 1, 20X1 16,670 4,250 Accounts Payable Han Wong, Drawing 3,550 39.700 Equipment Prepare a balance sheet in report form for Laura's Landscaping Service as of December
For Wong's Hardware, the balance in owner's equity is $20,920.
What do you mean by statement of owner's equity?A statement of owner's equity is a one-page report that displays the difference between total assets and total liabilities, as well as the total value of owner's equity.
The snapshot depicts the flow of money through a company over a specific time period or bookkeeping period.
The statement of owner's equity is as follows:
Wong's Hardware
Statement of owner's equity
for the month ended December 31, 20X1,
Han Wong, Capital, December 1, 20X1 16,670
Add: Net income 7800
Less: Drawing (3550)
Ending owner's equity 20,920
Therefore, in the Wong's Hardware, the statement of owner's equity is $ 20,920.
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PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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