There is increase in unemployment rate due to a lot of factors. The Central Bank needs to also be conscious of the tradeoff between unemployment and inflation.
An increase in unemployment rates will often result to decrease in inflation and vice versa. The short-run Phillips curve depicts that in the short-term a tradeoff exist between inflation and unemployment.
A conflict is known to exist between inflation and unemployment . A trade of often takes place between unemployment and inflation.
In a time of high growth, there tends to be more jobs that are created, causing unemployment to fall. If unemployment falls, it often place an upward pressure on wages, leading to inflation.
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Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets 66,400 82,380 292,156 1,320 442,256 146,500 $84,500 61,625 262,800 2,115 411,040 119,000 42,125) 51,500) $546, 631 $478,540 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings $131,175 64,141 13,300 77,441 139,375 59, 750 199,125 136,94.1 161,250 179,250 54,000 176,440 118,165 FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses $637,500 296,000 341,500 Depreciation expense 31,750 143,400 175,150 Other expenses Other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense Net income 16,125) 150,225 39,650 $110,575 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $16,125 (details in b) b. Sold equipment costing $79,875, with accumulated depreciation of $41,125, for $22,625 cash c. Purchased equipment costing $107,375 by paying $52,000 cash and signing a long term note payable for the balance d. Borrowed $5,100 cash by signing a short-term note payable e. Paid $55,625 cash to reduce the long-term notes payable f. Issued 3,600 shares of common stock for $20 cash per share g. Declared and paid cash dividends of $52,300 Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Cash flows from investing activities 0 Cash flows from financing activities: 0 0 Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year 0
Cash at the end of year $66,400
What is Forten Company's current year income statement?Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
The indirect way of creating a comprehensive statement of cash flows using a spreadsheet.
FORTEN COMPANY
Statement of Cash Flows
For the Year ended December 31
Cash Flow from Operating Activities:
Net Income $110,575
Translation of net income to working capital from operating activities adjustments:
Depreciation $31,750
Loss on sale of Equipment $16,125
Increase in Accounts Receivables -$20,755
($61625 - $82380)
Increase in Inventory -$29,356
($262800-292156)
Decrease in Prepaid Expenses $795
($2115-1320)
Decrease In Accounts Payable -$67,034
($64141 - $131175)
Increase in Short term note payable $5,100
($13300-8200)
Total Adjustments -$63,375
From Operating Activities Net Cash Flow (A) $47,200
Cash Flow from Investing Activities:
Cash Received from sale of Equipment $22,625
Purchase of Equipment (In cash) -$52,000
Inflow of Net Cash Into Investing Activities (B) -$29,375
($22,625-$52,000)
Cash Flow from Financing Activities:
Repayment of Long Term Note Payable -$55,625
monetary gain from the sale of common stock $72,000 (3600*$20)
Dividend paid -$52,300
From Financing Activities Net Cash Flow (C) -$35,925
Total Cash flow from all activities
(A+B+C) -$18,100
($47,200+-$29,375+-$35,925)
Cash at the starting of the year $84,500
Cash at the end of year $66,400
($84,500-$18,100)
As a result, the full statement of cash flows produced by the indirect technique using a spreadsheet will be:
Cash flow from all activities -$18,100
Cash at the starting of the year $84,500
Cash at the end of year $66,400
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What historical management
perspective supports this idea
From a historical management perspective, the idea that beta depends on investors' expectations of the correlation and volatilities of a security's and market's returns aligns with the principles of modern portfolio theory (MPT) and the efficient market hypothesis (EMH).
Modern portfolio theory, developed by Harry Markowitz in the 1950s, emphasizes the importance of diversification and risk management in constructing investment portfolios. According to MPT, investors should consider the correlation between different assets when constructing a portfolio.
The idea is to select assets that have low or negative correlations, as this helps to reduce the overall portfolio risk. In the context of beta estimation, if a security's returns have a high positive correlation with the market, it indicates a higher systematic risk, resulting in a higher beta value.
The efficient market hypothesis, proposed by Eugene Fama in the 1960s, suggests that financial markets are efficient and reflect all available information. According to the EMH, investors cannot consistently outperform the market by exploiting information or patterns in stock prices.
If the market is efficient, beta reflects the collective expectations of all market participants regarding the correlation and volatilities of a security's returns with respect to the market returns. Both MPT and EMH emphasize the importance of considering market factors and expectations when estimating beta.
These perspectives recognize that investors' expectations of the correlation and volatilities of a security and the market are essential in understanding and assessing the security's risk profile. By incorporating these factors into beta estimation, investors can make more informed decisions about portfolio construction and risk management.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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subject: Introduction to Accounting
Accounting is a way of keeping track of financial activities by creating financial statements that include both text and numbers. It is a crucial tool for billing clients, managing assets and liabilities (debts), assessing profitability, and monitoring cash flow.
What does accounting's beginning entail?Accounting, commonly known as the language of business, is a channel used to convey important financial information about company enterprises. For many users, financial data is necessary in order to make crucial decisions. Internal users and external users are the two main categories into which these users can be split. The measuring, processing, and sharing of financial and non-financial information regarding economic entities like enterprises and corporations is known as accounting, also known as accountancy.
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What form of payment is directly tied to a customer's bank account?
O A. Gift certificate
OB. Debit card
OC. Credit card
OD. Cash
Answer:
1. processing a return
2. debit card
3. $22.68
4. cash drop
5. at a cash register
6. check
7. one $10 bills, five $5 bills, twelve $1 bulls, 8 quarters, 6 dimes, 6 nickels, and 10 pennies
8.cash float
9. one $5 bill, one $1 bill, and 4 dimes
10. the customer still owes $0.05
Explanation:
100% on apex
The statement of cash flows is less influenced than the income statement by choices of accounting methods.
a. True
b. False
True the statement of cash flows is less influenced than the income statement by choices of accounting methods.
A cash flow is a physical or virtual movement of funds. In its strictest sense, a cash flow is a payment, especially from one central bank account to another; the term "cash flow" is typically used to describe. Cash flow from operations consists of expenses incurred during normal business operations. These cash outflows include things like rent, utilities, payroll, and cost of goods sold. Cash flow is referred to as the quantity of money coming into and going out of your firm over a specific time period. When business operations are very seasonal, cash outflows might vary significantly. Because it enables you to both meet your current financial responsibilities and make plans for the future, cash flow is crucial.
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Unscramble the vocabulary word from Chapter 18: genrocis
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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The Dante Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 35 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project.
Year 0 Year 1 Year 2 Year 3 Year 4
Investment $32,000
Sales revenue $16,500 $17,000 $17,500 $14,500
Operating costs 3,500 3,600 3,700 2,900
Depreciation 8,000 8,000 8,000 8,000
Net working capital spending 380 430 480 380 ?
Required:
a. Compute the incremental net income of the investment for each year.
b. Compute the incremental cash flows of the investment for each year.
c. Suppose the appropriate discount rate is 13 percent. What is the NPV of the project?
Answer:
a) incremental net income
net income year 1 = ($16,500 - $3,500 - $8,000) x 0.65 = $3,250
net income year 2 = ($17,000 - $3,600 - $8,000) x 0.65 = $3,510
net income year 3 = ($17,500 - $3,700 - $8,000) x 0.65 = $3,770
net income year 4 = ($14,500 - $2,900 - $8,000) x 0.65 =$1,340
b) incremental net cash flow
cash flow year 1 = [($16,500 - $3,500 - $8,000) x 0.65] + $8,000 - $430 = $10,820
cash flow year 2 = [($17,000 - $3,600 - $8,000) x 0.65] + $8,000 - $480 = $11,030
cash flow year 3 = [($17,500 - $3,700 - $8,000) x 0.65] + $8,000 - $380 = $11,390
cash flow year 4 = [($14,500 - $2,900 - $8,000) x 0.65] + $8,000 + $1,670 = $12,010
c) project's NPV
NPV = -$32,380 + $10,820/1.13 + $11,030/1.13² + $11,390/1.13³ + $12,010/1.13⁴ = $1,093.13
Your job right now is to finish reading chapter 14. How strongly would you be motivated to do that if you were sweating in a room at 105 degrees Fahrenheit? Imagine your roommate has turned on the air-conditioning. Once you are more comfortable, are you more likely to read? Look at Maslow's hierarchy of needs to see what needs would be motivating you at both times. Now recall a situation in your home, school, or work life in which you were feeling particularly motivated to do something. Which of the needs identified by Maslow motivated you then? (Required at least 300 words).Original Post due by Friday 10/29/2021 (50% of the grade)
Answer:
we're is the picture of the questions
PLEASE HURRY
How important do you think it is to believe in your own argument when giving a persuasive speech? Explain your answer.
Answer:
Here you go:
Persuasion is the process that is aimed at changing a person’s or a group’s attitude or behavior. A persuasive speech such as sales pitches, debates, and legal proceedings, typically use ethos, pathos and/or logos. When delivering this type of speech, your aim is to change or help develop your audience's point of view on a subject. The only real way to authentically gain a response, is if you truly believe what you are speaking about. There is no point in delivering a persuasive speech unless one has an argument to make. Usually we deliver a persuasive speech because we believe in the subject and that the subject has importance. All in all, to effectively give a persuasive speech, yes, you do need some level of belief in your argument.
As a manager, if you wanted to influence what employees do in situations lacking clear company rules or expectations, what should you do
As a manager if you want to influence what employees do in situations that lack clear company rules or expectations, you should create a strong culture.
Creating a strong culture is very important in the workplace. It is important because it helps to influence the discretionary behaviors that employees have in the work place.
It helps them to know what they should do in given situations where the the rules and the expectations are not clear.
This is very important because an organization may not have policies or rules for every given situation in the work place. The culture of the organization would be very useful in this case.
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Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottles. Which of the following makes the most economic sense?
Consequently, it would be most cost-effective for Mr. and Mrs. Atoll's party to buy two 2-liter soda bottles.
Which of the following makes the most economic sense?The most cost-effective option for Mr. and Mrs. Atoll is to buy the soda in bulk as opposed to individual bottles. They will have enough soda for everyone at the party if they buy it in bulk, which is typically less expensive than buying individual bottles.
For the party, they would require a total of 20 bottles (ten people x two bottles each), or 240 ounces of soda, assuming each bottle holds 12 ounces. They could buy two 2-liter bottles that each hold a total of 67.6 ounces for a total of 135.2 ounces rather than separate 12-ounce bottles. This would save money because you would only need to purchase two Coke bottles rather than twenty separate ones.
The complete question is:
Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottles. Which of the following makes the most economic sense?
A. 2-liter bottles of soda
B. 2.5-liter bottles of soda
C. 1.5-liter bottles of soda
D. None of the above
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what makes the news true and accurate
The news is considered true and accurate when it is based on facts and evidence. This means that the sources used to create the news must be reliable and trustworthy.
News reporters and journalists must verify the information they receive from their sources to ensure that it is accurate before they publish or broadcast it. They must also use multiple sources to confirm the information they receive.
In addition, news must be presented in a balanced and impartial way. This means that reporters should not have any biases or prejudices that affect the way they report the news. They must also present both sides of a story to give their audience a complete picture of what is happening.
Another important aspect of accurate news is the use of language. News reporters must use language that is clear and concise, avoiding any exaggeration or sensationalism. They must also avoid using inflammatory language or making unfounded claims.
Finally, news organizations must have a strong ethical code that guides their reporting. This code should include principles such as accuracy, impartiality, fairness, and transparency. By following these principles, news organizations can ensure that their reporting is true and accurate.
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If you know you are at risk of becoming unemployed, you should _____.
a.
wait until you officially lose the job to worry
b.
get additional education to learn new skills
c.
spend all your money while you are still making it
d.
ignore the economy, because it is always changing
Please select the best answer from the choices provided
Answer:
get additional education to learn new skills
Explanation:
Emily is planning for the operations of her sewing factory. She lists some financial particulars of the factory.
What are the gross margin and the amount of value-added tax (VAT, 5%) of her business?
Gross margin equals sales minus cost of goods, and VAT% can be deducted from gross profit.
How is the gross margin calculated?In this case, total sales are $2000000, and the cost of goods is $1300000.
As cost of goods, we have rent, utility bills, manager salaries, sewer salaries, materials, advertising, and machine maintenance.
When we calculate the gross margin, we get (2000000-1300000) = $ 700000.
The formula for calculating gross margin percentage is sales-cost of goods/sales*100.
We get 35% is the gross margin percentage.
If we want to calculate the VAT%, we can subtract 5% (given) from the gross margin, which equals $35000.
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Question 18 of 20
How is simple interest different from compound interest?
A. Compound interest is not paid on the principal, or initial deposit.
B. Simple interest is only paid on the principal, or initial deposit.
C. Simple interest is paid on the original deposit plus any interest
earned.
D. Compound interest is only paid on the principal, or initial deposit.
SUBMIT
Simple interest is only paid on the principal, or initial deposit. Hence Option (B) is correct.
Simple Interest refers to the interest on a principal amount over a certain period of time. Its formula is as under:
Simple Interest = Principal × Interest Rate × Time
The total amount accumulated or repaid at the end of the period is calculated by adding the simple interest to the principal:
Total Amount = Principal + Simple Interest
On the other hand, compound interest refers to calculating interest on a principal amount that takes into account the accumulated interest from previous periods. Its formula is as under:
A = P(1 + r/n)^(nt)
Thus, simple interest is on the original principal, while compound interest considers the accumulated interest from previous periods.
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You are given the following information for Lightning Power Company. Assume the company’s tax rate is 24 percent.
Debt: 9,000 5.8 percent coupon bonds outstanding, $1,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments.
Common stock: 420,000 shares outstanding, selling for $60 per share; beta is 1.11.
Preferred stock: 18,000 shares of 3.6 percent preferred stock outstanding, a $100 par value, selling for $81 per share.
Market: 5 percent market risk premium and 4.6 percent risk-free rate.
What is the company's WACC?
The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.
To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.
Cost of Debt:
The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.
The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.
Cost of Common Stock:
The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.
Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.
Cost of Preferred Stock:
The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.
Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.
The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.
Now we can calculate the WACC using the formula:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).
Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)
Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)
Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)
Plugging in the values, we get:
WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.
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How can camera footage help?
Answer:
camera footage are there not to invade a person's privacy but to protect the public by deterring criminal activity and by providing material evidence when a crime has been caught on film.
Explanation:
Which network could not carry comercial traffic?
Answer:In 1991 the NSF allowed Advanced Network and Services (ANS), a non-profit company established by the Merit Network, IBM, and MCI to carry commercial traffic over the ANSNet backbone, the same infrastructure that carried traffic for theNSFNET Backbone Service.
Explanation:
which statement about demand is true
Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?
Credit for Paid-In Capital, in Surplus of Stated Worth for $450, $50 toward Common Stock, and $500 toward Cash.
Why do you use the term "Common Stock"?A form of business equity and a kind of security is common stock. Within the borders of the United States, the words vote share and common share are widely used. In the UK as well as other Commonwealth nations, they are referred to as share capital or ordinary shares. A investor holds 1% of the company if they hold shares of a company of the ordinary stock. This investor will receive $100 (1,000 units X $0.10) in dividends if the company declares a $0.10 per share dividend.
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If the value of Enron's stock had not fallen, the special purpose entities perhaps could have continued to operate
indefinitely. Suppose that Enron's stock did not fall, and suppose that its accounting adhered to the letter, if not the spirit,
of GAAP (Generally Accepted Accounting Principles) rules (suppose, that is, that Enron's accounting practices were
allowed by generally accepted accounting rules). In that case, in your view, was there anything wrong with what Enron
did? Explain.
Without the Enron's stock scandal, the financial system would not have collapsed and there would not have been a flurry of new rules and laws intended to improve the accuracy of financial reporting for publicly traded corporations. So, by concentrating on the economy, earnings will arrive, maintaining a high stock price, and expanding the company.
What were the main factors that contributed to Enron's failure?The main conclusions of this study are that Enron had inadequate corporate governance and a dishonest culture that fostered substantial conflicts of interest and unethical behavior. Mark-to-market accounting and special purpose organizations were employed by Enron to conceal debt from its balance sheet and inflate revenue.
Additionally, while knowing that its publicly declared financial condition was inaccurate, it disregarded internal advice against these activities. A staggering $67 billion of shareholder wealth has been removed from the economy by the simple collapse of Enron stock, which went from more than $90 per share to 50 cents per share in only one year. There will be modest retirements for many Enron employees and ex-employees.
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why is manufacturing becoming more competitive
What is the definition of gross income?
Gross income refers to the total income earned by an individual, business, or entity before any deductions or expenses are subtracted.
Gross income is typically calculated on an annual basis, representing the total income earned over a specific period, usually a fiscal year. It serves as a starting point for determining taxable income, which is the amount on which taxes are assessed.
It is important to note that gross income does not account for any deductions or expenses, such as taxes, operating costs, depreciation, or other business expenses. These deductions are subtracted from the gross income to arrive at the net income or taxable income, which is the actual amount on which taxes are levied.
For individuals, gross income includes wages or salaries earned from employment, income from self-employment or freelancing, rental income, investment income, and other sources. It is reported on the individual's tax return and is used to determine their tax liability.
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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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Lean Accounting
The annual budgeted conversion costs for a lean cell are $186,930 for 3,100 production hours. Each unit produced by the cell requires 20 minutes of cell process time. During the month, 970 units are manufactured in the cell. The estimated materials costs are $39 per unit.
(Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.)
Journalize the following entries for the month:
a. Materials are purchased to produce 1,020 units.
b. Conversion costs are applied to 970 units of production.
c. The cell completes 920 units, which are placed into finished goods.
If an amount box does not require an entry, leave it blank.
Answer:
Material are purchased to produce 1,020 units
Marquette purchased 7% of RST stock for $50,000 on 1/1/21. Data regarding these securities follow: Year-end Date Market Value December 31, 2021 $47,000 December 31, 2022 57,000 December 31, 2023 68,000 The 12/31/23 balance of the Securities Fair Value Adjustment account will be: Select one:
Answer:
The security at December 31th 2023 will be listed for 68,000 under current assets.
Explanation:
The securities will be listed at their fair balance.
But, as the gain is unrealized until sale the company will record it within the concept of other comprehensive income.
The dividend will be considered gain of the period thus, they will be recognized ither cash or shares are received.
Now that you’ve chosen your business and found your niche, you’re in need of some advice on the practical aspects of setting up the business. A reliable resource for business information is
Answer:
the Small Business Administration
Explanation:
what is a advantage of a retail store holding change float in a store
A change float is a set amount of money that a retail store keeps on hand to use as change for customer purchases. Firstly, having a change float ensures that customers can always receive the correct amount of change for their purchases.
Without a change float, cashiers would need to rely on the exact change given by customers or constantly ask for additional change from other employees or the cash register. This can slow down the checkout process and lead to frustrated customers.Secondly, holding a change float helps to prevent theft.
If cashiers don't have access to a change float, they may be tempted to take money from the cash register to use as change. This can lead to discrepancies in the cash register and make it difficult to track down the source of any missing money. A change float provides a clear and separate source of change that can be tracked and accounted for.Thirdly, a change float can help to speed up the checkout process.
Cashiers don't need to spend time searching for change or counting out coins, which can help to reduce long lines and improve customer satisfaction. In summary, a change float is an important tool for any retail store that wants to provide excellent customer service, prevent theft, and improve efficiency.
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Suppose that the six-month interest rate in the United States is 2%, while the six-month interest rate in Britain is 4%. Further, assume the spot rate of the pound is 1.25. Suppose that you have $500,000 with which to attempt covered interest arbitrage. Assume the forward rate is $1.22596, as you just calculated, and the interest rates are the same as have been used throughout this problem. To start, you exchange your $500,000 (at the spot rate of 1.25) for 400,000pound. After depositing these funds for 6 months, and earning a return of 4%, your deposit grows to 416,000pound. When you convert your 416,000pound back to dollars, you end up with approximately_________________ , for a profit of about over your original $500,000. However, had you simply deposited your $500,000 in an account and accrued 2% interest, you would have ____________ , for a profit of ______________. This example illustrates that covered interest arbitrage ___________offer a significantly larger return than simply depositing the funds in a domestic account under internet rate parity.
After depositing these funds for 6 months, and earning a return of 4%, your deposit grows to 416,000pounds.
When you convert your 416,000pounds back to dollars, you end up with approximately $520,000, for a profit of about $20,000 over your original $500,000.
However, had you simply deposited your $500,000 in an account and accrued 2% interest, you would have $510,000 ($500,000 x 1.02), for a profit of $10,000.
This example illustrates that covered interest arbitrage does offer a significantly larger return than simply depositing the funds in a domestic account under internet rate parity.
What is the covered interest rate arbitrage?The covered interest rate arbitrage is a trading strategy that enables an investor to:
Use favorable interest rate differentials.Invest in a higher-yielding currency.Hedge the exchange risk through a forward currency contract.Data and Calculations:Funds for covered interest arbitrage = $500,000
Forward rate = $1.22596
Six-month interest rate in the United States = 2%
Six-month interest rate in Britain = 4%
Spot rate = $1.25
Value of $500,000 in pounds = $400,000 ($500,000/$1.25)
Expected returns on deposit for 6 months = 4%
New value of $500,000 in pounds after 6 months = $416,000 ($400,000 x 1.04)
Dollar value of 416,000 pounds = $520,000 ($416,000 x $1.25)
The gain or profit from the original $500,000 funds = $20,000 ($520,000 - $500,000)
Thus, the example illustrates that covered interest arbitrage does offer a significantly larger return than simply depositing the funds in a domestic account under internet rate parity.
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