Rolf, a resident of New Mexico, intends to sue sandy, a resident of Texas. Because of their diversity of citizenship, a federal court might be able to exercise original jurisdiction over them.
What type of jurisdiction does the federal court exercise?Cases involving the United States government, the Constitution or federal statutes, including disputes between states or between the U.S. government and foreign governments, fall under the purview of federal courts.
In common law legal systems, a court's original jurisdiction is its authority to hear a case for the first time, as opposed to an appellate court's authority to review a lower court's ruling.
District courts, which are the trial court, circuit courts, which are the first level of appeal, and the Supreme Court of the United States, which is the ultimate level of appeal in the federal system, are the three primary levels of the federal court system.
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Complete Question:
Rolf, a citizen of New Mexico, wants to file a suit against Sandy, a citizen of Texas, relating to a motorcycle accident in which Rolf's injuries resulted in medical costs of more than $75,000. Their diversity of citizenship may be a basis for
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
(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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If you wanted to purchase ownership interests in diversified portfolios of investments which type of financial product provider should you contact
Answer:
mutual fund
Explanation:
Mutual funds are investment plans that involve investors buy shares in a basket of financial securities. A mutual fund manager pool resources from investors and skillfully invests them in a portfolio comprising stock, bonds, and other short term financial securities. Each unit of a mutual fund is made up of smaller units of equities and financial securities of different companies. The mutual fund manager professionally selects the securities that make up the portfolio.
Which of the following is true regarding criminal and financial background checks?
What is the function of the evaporator?
Answer:
The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.
How do the reasons for using a money transfer service and a wire transfer differ?
brent peterson for president
Pronghorn Corporation shipped $20,800 of merchandise on consignment to Gooch Company. Pronghorn paid freight costs of $2,200. Gooch Company paid $550 for local advertising, which is reimbursable from Pronghorn. By year-end, 57% of the merchandise had been sold for $22,300. Gooch notified Pronghorn, retained a 10% commission, and remitted the cash due to Pronghorn.Prepare Pronghorn's entry when the cash is received. (Round answers to 0 decimal places, e.g. 1,525. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
Date Account Title Debit Credit
Year end Cash $19,520
Advertising expenses $550
Commission expenses $2,230
Revenue from Consignment $22,300
Cost of Goods sold $13,110
Inventory on Consignment $13,110
Cash received by Pronghorn:
= Cash - Advertising - Commission
= 22,300 - 550 - (10% * 22,300)
= 22,300 - 550 - 2,230
= $19,520
Cost of Goods sold:
= 57% * (Value of goods + Shipping)
= 57% * (20,800 + 2,200)
= $13,110
Don and Kristen are a married couple. Don works as an engineer bringing home
$50,000 per year and Kristen is a teacher bringing home $30,000 per year. They both
have monthly college loans of $425 each. They rent a one-bedroom apartment for $825
per month. They have not done any financial planning – for current needs or looking to
the future.
1) Explain to Don and Kristen 3 Marco factors they should take into account when
personal finance planning. (Chapter One).
2) Describe to Don and Kristen the 11 steps of the financial planning process.
(Chapter One)
3) Describe to Don and Kristen how using personal financial statements (Chapter
Three) on a regular basis, will help them with their finances.
4) Explain to Don and Kristen how an income and cash flow statement (Chapter
Three) will help them on a monthly basis with their finances.
5) Create a conservative budget with at least 8 budget categories for Don and
Kristen (Chapter Five).
6) Give two examples of micro factors and two example of macro factors that could
effect Don and Kristen’s budget (Chapter Five).
7) Give an example when using a cash budget and cash flow timing would benefit
Don and Kristen (Chapter Five).
8) Explain to Don and Kristen the difference between progressive and regressive
taxes (Chapter Six).
9) Describe to Don and Kristen the different tax strategies for different life stages
(Chapter Six).
10)After reviewing the differences between tax deductions and tax credits (Chapter
Six), give two suggestions to Don and Kristen as they file their tax forms for
2020. You must include a Reference Page citing any sources used in your answers.
Answer:
1. Three macro factors that Don and Kristen should take into account when personal finance planning are:
Economic factors: changes in interest rates, inflation, and economic growth can affect their income, expenses, and investments.Political factors: changes in tax laws, government policies, and regulations can impact their finances.Societal factors: shifts in demographics, cultural attitudes, and social trends can affect their job opportunities, earning potential, and lifestyle choices.2. The 11 steps of the financial planning process are:
Determine your current financial situationDevelop financial goalsIdentify alternative courses of actionEvaluate alternativesCreate and implement a financial planReview and revise the planEvaluate progress and revise the planDefine your personal and financial goalsDetermine your net worthDevelop a budgetManage your cash flow3.Using personal financial statements on a regular basis will help Don and Kristen with their finances by allowing them to:
Track their income, expenses, and net worth over timeIdentify areas where they can cut back on spending or increase their incomeEvaluate their progress towards their financial goalsPlan for major purchases or expensesPrepare for unexpected events or emergencies4. An income and cash flow statement will help Don and Kristen on a monthly basis with their finances by providing a detailed breakdown of their income and expenses, and how much cash they have on hand. This will allow them to:
Identify areas where they can cut back on spending or increase their incomePrioritize their expenses and plan for upcoming bills or paymentsEvaluate their cash flow situation and adjust their spending accordinglyTrack their progress towards their financial goalsA conservative budget for Don and Kristen could include the following eight categories:
Rent/mortgageUtilities (gas, electric, water, internet)Transportation (car payment, insurance, gas)Groceries/foodEntertainment (eating out, movies, hobbies)Health (insurance, copays, prescriptions)Savings (emergency fund, retirement, investments)Debt repayment (student loans, credit cards)Two micro factors that could affect Don and Kristen's budget are:
Changes in their income (such as raises or bonuses)Changes in their expenses (such as unexpected bills or changes in interest rates)Two macro factors that could affect Don and Kristen's budget are:
Changes in the national economy (such as a recession or changes in the job market)Changes in tax laws or government regulations that impact their income or expensesUsing a cash budget and cash flow timing would benefit Don and Kristen in situations where they have irregular or unpredictable income, such as freelancers or commission-based jobs. By tracking their income and expenses on a cash basis, they can better plan for upcoming bills and adjust their spending based on their cash flow.\Progressive taxes are taxes that take a larger percentage of income from higher-income earners, while regressive taxes take a larger percentage from lower-income earners. For example, income tax is a progressive tax because the tax rate increases as income increases. Sales tax is a regressive tax because everyone pays the same percentage regardless of income.Different tax strategies for different life stages could include:In the early career stage, focus on maximizing retirement contributions and taking advantage of employer benefits like health insurance and tuition reimbursement.In the mid-career stage, consider additional investments and savings for major expenses like college tuition or a down payment on a house.In the late career stage, focus on retirement planning and minimizing taxes on retirement income.10. Two suggestions for Don and Kristen as they file their tax forms for 2020 are:
Consider taking advantage of tax credits: Tax credits directly reduce the amount of tax owed, while tax deductions reduce taxable income. Don and Kristen should review the available tax credits for which they may qualify, such as the Earned Income Tax Credit, the Child Tax Credit, and the American Opportunity Tax Credit for education expenses. By claiming these tax credits, they can reduce their overall tax bill.
Be sure to claim all eligible deductions: Don and Kristen should review the list of available tax deductions and be sure to claim all the ones for which they are eligible. This may include deductions for charitable donations, student loan interest, and health care expenses. By claiming all eligible deductions, they can reduce their taxable income and ultimately lower their tax bill.
Explanation:
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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profit generated by corporations is known as ?
Answer: Net Income
Explanation:
Net Income is the profit made by a company after it has finished paying off all expenses including taxes and interest payments on debt.
Calculating the net income is the main purpose of the Income statement which is where we will see the expenses that the business is incurring and how much sales they are making to get such profits. This net income is then transferred to the Retained Earnings in the balance sheet.
based on predicted production of 48,000 units, a company budgets $600,000 of fixed costs and $492,000 of variable costs. if the company actually produces 40,000 units, the flexible budget amount of fixed costs is $600,000.
Fixed cost that will remain same as $600000 because it does not change even after the increase or decrease of the goods.
Fixed cost is the cost of a business expense that doesn't change even when there's an increase or decrease in the number of goods and services produced or sold. Fixed costs are commonly related to recurring expenses that aren't directly related to production such as rent, interest payments, and insurance. Fixed costs remain the same irrespective of the level of output. Thus the fixed cost in the flexible budget would remain the same as in the static budget. Thus the fixed costs would be $600,000. it will not change.
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As we go from home operation to international operations, we can potentially receive a _______, but we can also see our ______ increase
As we go from home operation to international operations, we can potentially receive a rise in our costs, but we can also see our profits increase. This is about business expansion.
What is business expansion?
When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.
Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.
It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.
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Explain the meaning of environmental scanning. Illustrate with examples the
relevance of technological, political, economic, social, and regulatory environments
in the context of marketing strategy. How managers are involved in environmental
scanning?
Environmental scanning refers to the process of gathering and analyzing information about the external factors that can impact an organization's business environment.
Technological factors include advancements in technology, such as the rise of e-commerce, mobile applications, or automation, which can create new marketing channels or change consumer behaviors.
Political factors encompass government policies, regulations, and political stability that can impact marketing strategies. For example, changes in trade policies or regulations related to data privacy can influence international marketing activities.
Economic factors include economic conditions, such as inflation rates, exchange rates, or consumer purchasing power, which can affect consumer behavior and demand for products or services.
Social factors refer to societal trends, cultural norms, and consumer preferences that can influence marketing strategies. For instance, shifts in consumer values towards sustainability or increased focus on health and wellness can shape product development and advertising campaigns.
Regulatory factors involve laws and regulations that organizations must comply with, such as consumer protection laws or industry-specific regulations. These can impact marketing activities, advertising content, or product labeling.
Managers play a crucial role in environmental scanning. They are responsible for monitoring and analyzing the external environment, identifying relevant trends and potential opportunities, and making informed decisions based on the insights gained.
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Which of the following is always true:
A) Diluted weighted shares is always less than or equal to basic weighted average shares
B) Diluted weighted shares is always greater than or equal to basic weighted average shares
C) Shares outstanding on the period end date is the value used to calculate Basic EPS
D) Shares outstanding on the period end date is the value used to calculate Diluted EPS
Answer:
B) Diluted weighted shares is always greater than or equal to basic weighted average shares
Explanation:
Basic Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks
Diluted Earnings per Share includes the Potential voting rights in the calculation of Weighted Average Number of Common Stocks and thus its weighted shares is always greater than or equal to basic weighted average shares.
Earnings per Share used Weighted Shares Outstanding at Period End instead of just Outstanding Shares at Period End.
Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 200 shares of its common stock on May 1 for $10,000. On July 1, it reissued 100 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?
Answer:
$100
Explanation:
The computation of the balance in the paid - in capital for treasury stock account on August 2 is shown below:
On May 1 $0
July 1 : $2/share × 100 shares $200
Less:
Aug 1 : $1 share × 100 shares ($100)
Balance as on August 2 $100
We simply deduct the august 1 amount from the July 1 amount so that the balance as on August 2 for the paid - in the capital for treasury stock could come
If a stadium increases its profit margin from $250,000 to $575,000, what is the percentage increase in profit margin?
Answer:
250,000x575,000 a percentage is 1 thusand
The percentage increase in profit margin would be : 57%
First, we'll get increase in the profit
= $575,000 - $250,000
= $325,000
Then, the percentage increase in profit margin
= $325,000 / $575,000 * 100
= 0.57 * 100
= 57%
Hence, the percentage increase in profit margin would be 57%.
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if you need more information about how to complete step 2 of the w-4 form, where can you find it?
Answer:
cosette.
Explanation:
When a person need more information about how to complete step 2 of the w-4 form, the right sources are:
Visit the Department of the Treasury Internal Revenue Service website.InvestopidiaNerdwallet websiteAsk IRS officialsPayroll AdminWhat is the W-4 form?The W-4 form is known to be a form that informs the employer the right amount of tax to take back from an employee's salary or paycheck.
Note that this Form is used by an employer to know an employee's identity and as such, When a person need more information about how to complete step 2 of the w-4 form, the right sources are:
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Great Eastern Credit Union (GECU) has two operating departments (Branches and Electronic) and three service departments (Processing, Administration, and Maintenance). During July, the following costs and service department usage ratios were recorded.
Supplying Department Using Department
Processing Administration Maintenance Branches Electronic
Processing 0 50 % 0 10 % 40 %
Administration 0 0 0 60 % 40 %
Maintenance 10 % 20 % 0 20 % 50 %
Direct cost $ 86,000 $ 550,000 $ 321,000 $ 4,600,000 $ 2,300,000
The cost accountant at Great Eastern Credit Union estimates that the cost structures in its departments are as follows.
Processing Administration Maintenance Branches Electronic
Variable costs $ 65,000 $ 157,000 $ 131,000 $ 1,550,000 $ 1,450,000
Fixed costs 21,000 393,000 190,000 3,050,000 850,000
Total costs $ 86,000 $ 550,000 $ 321,000 $ 4,600,000 $ 2,300,000
Avoidable fixed costs $ 6,000 $ 279,000 $ 78,000 $ 650,000 $ 690,000
Required:
a. If GECU outsources the Processing Department, what is the maximum it can pay an outside vendor without increasing total costs?
b. If GECU outsources the Administration Department, what is the maximum it can pay an outside vendor without increasing total costs?
c. If GECU outsources the Maintenance Department, what is the maximum it can pay an outside vendor without increasing total costs?
a. If GECU outsources the Processing Department, the maximum it can pay an outside vendor without increasing total costs is $56,400.
b. If GECU outsources the Administration Department, the maximum it can pay an outside vendor without increasing total costs is $513,300.
c. If GECU outsources the Maintenance Department, the maximum it can pay an outside vendor without increasing total costs is $146,300.
What is the maximum amount to pay an outside vendor without increasing total costs?The maximum amount that a company can pay an outside vendor without increasing total costs is equal to the avoidable costs (variable and fixed).
The unavoidable fixed costs cannot be outsourced; therefore, it is irrelevant in decision-making.
Data and Calculations:Supplying Department Using Department
Processing Administration Maintenance Branches Electronic
Processing 0 50 % 0 10 % 40 %
Administration 0 0 0 60 % 40 %
Maintenance 10 % 20 % 0 20 % 50 %
Direct cost $86,000 $550,000 $321,000 $4,600,000 $2,300,000
Cost Structures:Processing Administration Maintenance Branches Electronic
Variable
costs $65,000 $157,000 $131,000 $1,550,000 $1,450,000
Fixed costs 21,000 393,000 190,000 3,050,000 850,000
Total costs $86,000 $550,000 $321,000 $4,600,000 $2,300,000
Avoidable
fixed costs $ 6,000 $ 279,000 $ 78,000 $ 650,000 $ 690,000
Avoidable
costs $71,000 $436,000 $209,000 $2,200,000 $2,140,000
Processing
cost (35,500) 35,500
Maintenance 20,900 41,800 (62,700)
Amount to pay an outside
vendor $56,400 $513,300 $146,300
Thus, Great Eastern Credit Union cannot outsource the unavoidable fixed costs of its service departments.
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Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $ 605,000 Cost of goods sold 425,000 Salaries 112,000 ($15,000 is indirect) Utilities 14,000 ($3,000 is indirect) Depreciation 42,000 ($10,000 is indirect) Office expenses 20,000 (all indirect) 1. Prepare a departmental income statement for 2019. 2.
Answer:
Part 1
JANSEN COMPANY
Departmental Income Statement—Ski Department
Sales $605,000
Cost of Sales ($425,000)
Gross Profit $180,000
Direct Expenses
Salaries ($97,000)
Utilities ($11,000)
Depreciation ($32,000)
Other Expenses ($38,000)
Operating profit $2,000
Part 2
JANSEN COMPANY
Departmental Contribution to Overhead—Ski Department
Sales $605,000
Cost of Sales ($425,000)
Gross Profit $180,000
Direct Expenses ($140,000)
Contribution $40,000
Less Overheads
Salaries ($15,000)
Utilities ($3,000)
Depreciation ($10,000)
Office Expenses (20,000)
Total Overheads $48,000
Contribution to overhead $40,000 : $48,000
Part 3
No. Jansen should not eliminate the ski department because it is making a profit on it on (Contributing towards the company costs)
Explanation:
Hie, I have attached the full question as pdf below
If the department is making a loss on its own, it must be eliminated. Departments must make a contribution towards the costs of the company overall
State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. also, indicate its normal balance.
Typical Entrees Normal Balance
1. Accounts Payable -
2. Cash -
3. Dividends -
4. Miscellaneous
5. Insurance Expense
6. Fees earned
Answer:
Explanation:?
Remodeling is an
A. neither. B. Asset. C.expense
Answer:
C expense meaning cost money
Answer: C
Explanation:
just took test
where should you take the temperature of shredded pork in a hot-holding pan?
Place the pork shoulder fat side up on the top rack, cover with the lid, and cook at 225°F to 250°F for a consistent time, using the vents to control the temperature.
Although smoking a whole hog shoulder for pulled pork may appear scary, it is the simplest of the BBQ Big Three (brisket, ribs, and pulled pork) to master and is a fantastic method to refine your smoking abilities.
You'll need to get a digital barbecue thermometer if your grill doesn't include a temperature indicator. Every hour, check the grill's internal temperature. To keep the temperature and smoke consistent, add more charcoal and wet wood chips as needed.
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what is business management?
Answer:
Business management is they managing the coordination and organization of business activity.
Explanation:
Business management is the charging of planning, organizing, directing and controlling the resource of the business meet the objectives of the policy.
Business management they include the production of money, materials and involves both innovation and marketing.Business management directors they responsibility and power to look over an enterprise and make decisions.Business management functions include the organizing, planning, staffing,leading and controlling an organization.Management is necessary to facilitate a united effort toward achieving the company goals.Business management they provide a foundation for the both strategic business as any associated management activity.Business management system is to give management the tool for their activity and measure the performance of a business.Business management are defined activity the business standards that identified in the company policies.Business management should be executed on the time frames that are in the document for the business management strategy.Credit reporting agencies are required to exclude negative information that is older than five years old. A) True B) False
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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Which of the following describes the effect of the purchases that consumers
make?
A. provide jobs for distributors
B. increase producers costs
C. indicate their desires to producers
D. are not taxed in a free-market system
Answer: C) indicate their desires to producers
Microbiotics currently sells all of its frozen dinners cash-on-delivery but believes it can increase sales by offering supermarkets 1 month of free credit. The price per carton is $160, and the cost per carton is $95. The unit sales will increase from 1,110 cartons to 1,170 per month if credit is granted. Assume all customers pay their bills and take full advantage of any credit period offered.
Required:
If the interest rate is 1% per month, what will be the change in the firm's total monthly profits on a present value basis if credit is offered to all customers?
The change in Microbiotics' total monthly profits on a present value basis if credit is offered to all customers is $2,386.61 positive.
What is the present value?The calculation of the present value involves the discounting of the interest rate from the future cash flows.
The present value can be computed using the present value table or an online financial calculator.
Data and Calculations:Price per carton = $160
Cost per carton = $95
Profit per carton = $65 ($160 - $95)
Total profit for 1,110 cartons = $72,150 ($65 x 1,110)
Total profit for 1,170 cartons = $76,050 ($65 x 1,170)
Cost of credit = $760.50 ($76,050 x 1%)
Change in profit = $75,289.50 ($76,050 - $760.50)
Discount factor of 1% = 0.990
Present value of $75,289.50 at 1% in a month's time = $74,536.61 ($75,289.50 x 0.990)
Thus, the change in Microbiotics' total monthly profits on a present value basis if credit is offered to all customers is $2,386.61 positive ($74,536.61 - $72,150).
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To find out how well positioned a company was to meet its short-term debt obligations, you would calculate a ____________ such as the current ratio or quick ratio.
Answer:
The current answer is Liquidity Ratio
Explanation:
Other examples of Liquidity ratios are cash ratio and working capital ratio.
Current Ratio = Current Assets/Current Liabilities
Cash Ratio = Cash + Cash equivalens/Current Liabilities
Working Capital Ratio = Sales (or Revenue)/ Working Capital
All the above ratios help the financial analyst or the entrepreneur gauge the financial health of a business concerning its ability to pay up short-term debts obligations.
Cheers!
Short-term debts or current liabilities are the liabilities that are termed as the firm's obligations that are to be paid off within the financial year in order to avoid the debt burden on the legal entity as well as the owner of the company.
The correct answer is Liquidity Ratio
Other examples of Liquidity ratios are the cash ratio and working capital ratio.
Current Ratio = \(\begin{aligned}\frac{\text{Current Assets}}{\text{Current Liabilities}}\end{aligned}\)
Cash Ratio = Cash + \(\begin{aligned}\frac{\text{Cash Equivalent}}{\text{Current Liabilities}}\end{aligned}\)
Working Capital Ratio = \(\begin{aligned}\frac{\text{Sales (revenue)}}{\text{Working Capital}}\end{aligned}\)
The above ratios help the financial analyst or the entrepreneur gauge the financial health of a business concerning its ability to pay up short-term debts obligations.
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Gti two employees are paid weekly. As of the end if the year, two days salaries have accrued at the rate of 180 per day per per employee
The adjusting journal entry for GTI is as follows:
Adjusting Journal Entry:Date Account Titles Debit Credit
Dec. 31 Wages Expenses $720
Wages Payable $720
To accrue the two days' wages owed to two employees.What is an adjusting journal entry?An adjusting journal entry is a period-end journal entry to accrue expenses that have been incurred but not paid in cash.
Adjusting journal entries can also be used to record Depreciation Expenses, Earned and Unearned Revenues, Prepayments, and correction of accounting errors.
Transaction Analysis:Wages Expenses $720 Wages Payable $720
Two Employees' wages for two days = $720 (180 x 2 x 2)
Thus, the Wages Expenses account will be debited, while the Wages Payable account will be credited to show that GTI is owing two employee wages for 2 days.
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Question Completion:Prepare the adjusting journal entry to record the accrual.
The national average interest rate for Savings Account is 0.13%. Calculate the time it will take to you double your money based up on the following scenarios: ● You’re getting a 0.05% interest rate and currently have $1,000 in your account. ● You’re getting 0.49% interest rate and currently have $40,000 in your account. ● You’re getting 0.8% interest rate and currently have $500 in your account.
Answer:
1) 1387 Years
2) 142 Years
3) 87 Years
Explanation:
the median of four numbers is 63.the three of the numbers are 60,62 and 92 what is the missing number
Answer: 64
Explanation:
To find the median of a number, we have to arrange the numbers that are given in either ascending or descending order.
In this case there are 4 numbers, let the fourth number be x, therefore the numbers will be:
60, 62, x and 92.
Since they are four numbers, the median will be the addition of the 2nd and 3rd number and then divided by 2. This will be:
(62 + x) / 2 = 63
62 + x = 126
x = 126 - 62
x = 64
The missing number is 64