which of the following insurance is generally considered to be a good idea? buying cancer insurance when you find out your father has been diagnosed with lung cancer. buying credit life insurance when you take out a car loan, especially if you are old and you think you might die before you pay off your car. buying a life insurance policy that covers economic loss and provides an investment opportunity. buying renter's insurance, especially if you have just bought new furniture and computer equipment.

Answers

Answer 1

Buying cancer insurance when you find out your father has been diagnosed with lung cancer,  is generally considered to be a good idea.

Exactly what is cancer?

Overview. Cancer is any of a wide range of illnesses characterized by the growth of aberrant cells with the capacity to invade and damage healthy bodily tissue while dividing uncontrollably. It is frequently possible for cancer to spread throughout your body.

Could stress lead to cancer?

Particularly in cases of ovarian, breast, and colorectal cancer, stress can hasten the body's ability to fight against cancer. Stress causes the body to release neurotransmitters like norepinephrine, which promote cancer cells.

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Related Questions

The GDP is one way to measure the size of a country's economy.


False

True

Answers

True because
GDP is just one way of measuring the total output of an economy. Gross National Product, or GNP, is another method. GDP, as said earlier, is the sum value of all goods and services produced within a country.

Answer:

It's true

Explanation:

on edge 2021

What’s the maximum number of conditions that can be set for a bank rule?

Answers

The maximum number of conditions that can be set for a bank rule is 5.

What is a bank rule?

A bank rule is one that has been set up by the bank that will be followed in that branch. This could be with the relation of the payment, cheques, deposits, or bank charges.

There can be various numbers of charges that can be set by the bank. The central bank will be the one that will set the rate or will decrease the rate of the changes. This was to impact the bank.

As different banks may have different types of rules as well as regulations that they will use to help form the rules but the maximum number will be five.

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Raoul buys a new cell phone with his credit card. This new charge means his debt will

Answers

Answer:

increase

Explanation:

i bench 225

Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.

Answers

Journal Entry:

Date: [First year-end date]

The amortization expense for the first year is $120,000.

Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.

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A person who is employed directly by a company for a certain amount of time, specified in a formal agreement between the company and the workers, is referred to as a(n) part-time worker. temporary worker. on-call worker. contract company worker. independent contractor.

Answers

A person who is employed directly by a company for a certain amount of time, specified in a formal agreement between the company and the workers, is referred to as a: D. contract company worker.

Who is an employee?

An employee can be defined as an individual who is statutorily employed by an employer of labor in a business firm, so as to perform specific tasks, duties or functions on a daily basis for a certain agreed fee (salary), that is usually paid at the end of the month.

Who is a contract company worker?

A contract company worker is also referred to as a temporary worker and can be defined as an individual who is directly employed by an employer of labor in a business firm for a certain amount of time, which is typically specified in a contractual agreement.

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the seaport town of new monopoly has become extremely popular with shipping companies due to its superior location. the port has become so congested that ships must wait hours every day just to dock. the mayor of new monopoly realizes that the congestion at the port costs the shipping companies and his town money.

Answers

The previous sentence serves as an illustration of market failure. This is because the different potential outcomes that could occur and result in losses were not considered or examined during the development of the sea port.

What is a market, exactly?

The exchange of products and services can take place more easily when buyers and sellers can connect in a market. Markets can exist in the real world, like a physical store, or online, like an e-retailer. In addition, there are financial markets, auction markets, and illegal markets.

The significance of market definition

A foundation for analyzing the competition is provided by market definition. Market shares, for instance, cannot be determined before the market has been established, and in order to take into account the possibility of new entrance, the market that might be targeted must be identified.

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Incorrect
Question 3
0/5 pts
(01.01 MC)
Tina just completed a science degree and wants to continue on to medical
school. What can she expect?
-Her earnings potential may decrease.
-Her potential expenses may decrease
-Her earnings potential may increase.
-Her potential wants may decrease.

Answers

Answer:

Her earning potential may INCREASE

Explanation:

Tina just completed a science degree and wants to continue to medical school. Her earnings potential may increase. Hence, option C is appropriate.

What is the earnings potential?

Earning potential is the phrase used to describe the potential profits that shareholders may realize from holding a company, including dividend payments but also capital growth. In plenty of other words, it displays the most profit that a business may get. The manner of dividends is frequently distributed to investors.

The formula can also be thought of as predicted revenue with fewer expenses equaling profit potential. Gross margin %, also known as the ratio of profit to sales, is a metric that businesses use to assess the profitability of various products.

Let's start with the definition of earning potential (income potential): this is the sum of money you should be able to accumulate throughout a certain period. In other regards, this is a reference to your potential for financial gain.

Hence, option C is correct.

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Describe why the facility should have an inventory
list of equipment.

Answers

so people don't buy the same things again & again

to see

whats in stock

where they are displayed

how many they have

keep track of inventory

plan for restocking

know which items are running low

asset value for accounting or financial purposes.

Overall, an inventory list of equipment is a fundamental tool for facility management, providing comprehensive oversight, efficient maintenance planning, cost control, compliance adherence, emergency preparedness, and facilitating decision-making processes. It streamlines operations, enhances asset management, and contributes to the overall productivity and functionality of a facility.

Keeping Track: An inventory list helps facility managers know what equipment they have and where it is located.

Taking Care: The list helps plan when to fix or maintain equipment so it stays in good condition.

Saving Money: By knowing what equipment they have, managers can avoid buying things they don't need and spend money wisely.

Following Rules: Some facilities have rules to follow, and the inventory list helps managers keep track of important things like safety checks and paperwork.

Being Ready for Emergencies: The inventory list helps managers know which equipment is important during emergencies like fires or storms.

Planning and Buying: The inventory list helps managers decide what new equipment to buy and make a budget.

Talking to Insurance and Money People: The inventory list helps when talking to insurance or money people because it shows what equipment the facility has and how much it's worth.

provides information about the administrative and clinical machines in the facility.

gives you more control over your business' assets.

equipments inventory list provides information about the administrative and clinical machines in the facility. This information is used by the provider, supervisor, and/or accountant for future planning and tax paperwork

Indicate how each of the following would shift the (1) marginal-cost curve, (2) average-variable-cost curve, (3) average-fixed-cost curve, and (4) average-total-cost curve of a manufacturing firm. In each case specify the direction of the shift.

Required:
a. A reduction in business property taxes.
b. An increase in the nominal wages of production workers.
c. A decrease in the price of electricity.
d. An increase in insurance rates on plant and equipment.
e. An increase in transportation costs.

Answers

Answer:

a. A reduction in business property taxes.  Fixed cost.

Marginal cost curve = No change

Average variable cost curve = No change

Average-fixed-cost curve = Shift down

Average-total-cost curve = Shift down

b. An increase in the nominal wages of production workers is a  Variable cost.

Marginal cost curve = Shift up

Average variable cost curve = Shift up

Average-fixed-cost curve = No change

Average-total-cost curve = Shift up

c. A decrease in the price of electricity (Variable cost)

Marginal cost curve = Shift down

Average variable cost curve = Shift down

Average-fixed-cost curve = No change

Average-total-cost curve = Shift down

d. An increase in insurance rates on plant and equipment.  (Fixed cost)

Marginal cost curve = No change

Average variable cost curve = No change

Average-fixed-cost curve = Shift up

Average-total-cost curve = Shift up

e. An increase in transportation costs. (Variable cost)

Marginal cost curve = Shift up

Average variable cost curve = Shift up

Average-fixed-cost curve = No change

Average-total-cost curve = Shift up

Explanation:

ps /game/ QUESTION 2/10 Every product has unique characteristics that make it difficult for any other organization to follow the same production process. Select the answers below that ARE included in the 5 stages. There is no production process Quality Assurance & Coordination Improvement Planning & Management 000 000 X​

ps /game/ QUESTION 2/10 Every product has unique characteristics that make it difficult for any other

Answers

Among the options provided, the two stages that are included in the production process are Quality Assurance and Improvement Planning & Management which emphasizes continuous enhancement of the production process itself.

Quality Assurance: This stage is essential in any production process as it involves evaluating and ensuring that the products meet the established quality standards. It involves various activities such as inspections, tests, and checks to identify and rectify any defects or deviations from the desired quality. Quality Assurance plays a crucial role in maintaining consistency, reliability, and customer satisfaction throughout the production process.

Improvement Planning & Management: This stage focuses on continuously improving the production process itself. It involves analyzing performance metrics, identifying areas for improvement, and implementing strategies to enhance efficiency, productivity, and effectiveness. Improvement planning and management may include activities such as process optimization, workflow adjustments, training programs, and adopting new technologies or methodologies to streamline operations and achieve better outcomes.

It's worth noting that while Coordination is an important aspect of the production process, it is not explicitly mentioned in the provided options. However, coordination among different teams, departments, and stakeholders is typically integrated into various stages of the production process to ensure smooth collaboration and effective resource allocation.

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a firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. What is the firm's times interest earned ratio

Answers

Answer:

10400

Explanation:

The firm's times interest earned ratio is 10.

What is interest?

Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.

The given amount is:

Interest charge = $10,000Sales = $1,000,000Tax rate = 40%Net profit margin = 6%

firm's net income:

Net income = sales × net profit margin.

Net income = $1,000,000 × 6%

Net income = $60, 000

earnings before interest and taxes (EBIT)

EBIT = \(\frac{Net income}{1 - tax rate}\)

EBIT = \(\frac{60,000}{1 - 40}\)%  (1 - 40%)

EBIT = 1000, 000

The firm's times-interest-earned ratio (TIE):

TIE = \(\frac{EBIT}{Interest charge}\)

TIE = \(\frac{100, 000}{10, 000}\)

TIE = 10

As a result, the times interest earned ratio is 10.

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Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?

Answers

Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.

Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:

Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.

Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.

Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.

Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.

On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:

Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.

Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.

Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.

Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.

In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.

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in the cash book, every cash receipt is______ and every cash payment is_______ ​

Answers

On the left, on the right


Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?

Answers

Managers want larger budgets; entrepreneurs work to do more with less.

How do entrepreneurs approach resources differently from employee-managers?

Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.

This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.

Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.

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Question 2 Which of the following are wholesale and which are retail? (a)Large-scale deposits made by firms at negotiated rates of interest. .............................retail / wholesale (c)Deposits in savings accounts in high street banks. ......................................................retail / wholesale (b)Loans made by high street banks at published ratesof interest. ..................................retail / wholesale (d)Deposits in savings accounts in building societies .......................................................retail / wholesale (e)Large-scale loans to industry syndicated through several banks. ................................retail / wholesale​

Answers

Answer:

Wholesale banking refers to banking services sold to large clients, such as other banks, other financial institutions, government agencies, large corporations, and real estate developers. It is the opposite of retail banking, which focuses on individual clients and small businesses. Wholesale banking services include currency conversion, working capital financing, large trade transactions, mergers and acquisitions, consultancy, and underwriting, among other services

Which of the following statement is NOT TRUE about advantages of using primary data?
А. The researchers can decide the type of method they will use in collecting the data
B. The researchers can focus the data collection on specific issues of the research. С. The researchers would know in detail how the data were gathered and will be able to present original data.
D. The researchers will have to collect large volume of data since they will interact with different people and environments.​

Answers

Answer:

A. false

B. false

C. true

D. true

Question 1 Effects of transactions on the accounting equation DigiCom repairs laptops. Using the format provided below, show the effects of the activities listed in (a) through (i). (Enter all amounts as positive values.) a. Stacey Comeau, owner of DigiCom, invested cash of $44,000 into her business. b. DigiCom paid $5,500 to cover rent for the current month. c. DigiCom purchased supplies on credit; $2,300. d. DigiCom completed work for a client on credit; $6,400. e. DigiCom purchased a new piece of equipment by paying cash of $3,450. f. DigiCom hired a technician, to start next month, who will get paid $8,000 per month. g. DigiCom paid for the supplies purchased in (c). h. DigiCom performed work for a client and received cash of $6,400. i. DigiCom paid the administrative assistant's salary of $5,700.​

Answers

The effects of the following activities on the accounting equation Assets = Liabilities + Owner's Equity

a.Stacey Comeau, the owner of DigiCom, invested cash of $44,000 into her business which increase assets (cash) and owner equity.

b. DigiCom paid $5,500 to cover rent for the current month which decreased assets.

c.DigiCom purchased supplies on credit; $2,300 which increase assets and liability as well.

d.DigiCom completed work for a client on credit; $6,400 which increase assets (accounts receivable)

e.DigiCom purchased a new piece of equipment by paying cash of $3,450 which increase assets (equipment) and decrease assets (cash)

f.DigiCom hired a technician, to start next month, who will get paid $8,000 per month - No effect on the accounting equation.

g.DigiCom paid for the supplies purchased in (c) which decrease assets and liability also.

h. DigiCom performed work for a client and received cash of $6,400 which increase assets (cash).

i. DigiCom paid the administrative assistant's salary of $5,700 which decrease assets (cash).

The overall effect on Assets:

Cash: $44,000 - $5,500 - $3,450 + $6,400 - $2,300 + $6,400 - $5,700 = $40,850

Supplies: $2,300

Equipment: $3,450

Accounts Receivable: $6,400

Liabilities:

Accounts Payable: $2,300 - $2,300 = $0

Owner's Equity:

Stacey Comeau's Capital: $44,000

The accounting equation, commonly referred to as the fundamental accounting equation or balance sheet equation, states that the total asset of a corporation equals the sum of its liabilities and shareholders' equity.

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Help! Select the qualification that is best demonstrated in each example.

Melanie is a fitness instructor who encourages her students to achieve their goals. ____
1. Ability to handle money
2. Accuracy and attention to detail
3. Leadership skills
4. Organizational skills
Jacob counts and organizes cash at a casino. _____
1. Maintenance of safety
2. Communication skills
3. Teamwork skills
4. Ability to handle money
Adra is proud that she has never had an accident while running a ride at an amusement park. ______
1. Organizational skills
2. Leadership skills
3. Ability to operate equipment safety
4. Communication skills

Juan plans fun activities for groups of people. _____
1. Communication skills
2. Accuracy
3. Teamwork skills
4. Organizational

Answers

1. Leadership skills
2. Ability to handle money
3. Ability to operate equipment safety
4. Organizational

Answer:

What ghazaryanelen101 Said ↑↑↑↑

Explanation:

what service work entails.

Answers

Answer:

Service Work means any work performed by a crew of no more than two employees working from a service truck for the purpose of evaluating, maintaining, repairing, or replacing electrical equipment.

Hope it helps you

Mark as Brainliest Answer

1. Why is compliance fundamental in quality management (10marks)?
2. Is Success in an organization pegged on quality. Give reasons(10marks)
3. Discuss the cost of not achieving quality (10marks)

Answers

1. Compliance is fundamental in quality management as it ensures adherence to regulations, consistency, risk mitigation, and continuous improvement.

2. Success in an organization is closely tied to quality, as it impacts customer satisfaction, competitive advantage, cost reduction, and brand reputation.

3. The cost of not achieving quality can result in reputational damage, loss of customers, increased costs, and diminished employee morale.

Compliance is fundamental in quality management for several reasons:

a) Meeting Regulatory Requirements: Compliance ensures that an organization adheres to applicable laws, regulations, and industry standards.

This is crucial in industries such as healthcare, pharmaceuticals, and food production, where non-compliance can lead to legal consequences, financial penalties, reputational damage, or even harm to customers or patients. By maintaining compliance, organizations demonstrate their commitment to quality and safety.

b) Consistency and Standardization: Compliance with quality management systems, such as ISO 9001, ensures consistent processes, procedures, and product/service outputs. This reduces variations and improves reliability, which is essential for customer satisfaction and building a reputation for delivering high-quality products or services.

c) Risk Mitigation: Compliance helps identify and mitigate risks that could impact the quality of products or services. Through compliance audits, organizations can identify weaknesses, non-conformances, or potential areas of improvement, allowing them to take corrective actions and prevent quality issues or failures.

Success in an organization is indeed pegged on quality. Here are a few reasons:

a) Customer Satisfaction: Quality products or services meet or exceed customer expectations, leading to higher customer satisfaction and loyalty. Satisfied customers are more likely to become repeat customers, refer others, and contribute to positive word-of-mouth marketing, ultimately driving business growth and success.

b) Competitive Advantage: In today's competitive business landscape, organizations that deliver superior quality have a competitive edge. Quality becomes a key differentiator, attracting customers who value reliability, durability, and performance. This can result in increased market share, higher sales, and enhanced profitability.

c) Cost Reduction: High-quality products or services are associated with fewer defects, rework, and customer complaints. This translates to lower costs related to warranty claims, returns, and customer support. By focusing on quality, organizations can reduce waste, improve efficiency, and optimize their operations, leading to cost savings and improved financial performance.

The cost of not achieving quality can have significant implications for organizations:

a) Reputational Damage: Poor quality can lead to negative customer experiences, which can harm a company's reputation. News of quality issues, recalls, or safety concerns can spread rapidly through social media and impact brand perception. Rebuilding trust and repairing a damaged reputation can be costly and time-consuming.

b) Loss of Customers: Customers who experience poor quality are likely to switch to competitors who offer better quality products or services. This can result in a loss of market share, decreased revenue, and reduced profitability.

Acquiring new customers is generally more expensive than retaining existing ones, making customer retention crucial for financial success.

c) Increased Costs: Quality failures often lead to additional costs such as warranty claims, product recalls, legal disputes, and customer compensation. The cost of rework, scrap, and repairing damaged products can also escalate. These financial burdens can strain resources and impact overall profitability.

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What are some Benefits of Government Debt? ​

Answers

Answer:

Increasing the debt allows government leaders to increase spending without raising taxes.

It can help deal with a crisis.

Explanation:

A positive consequence of organizational distress may take the form of: a. functional turnover. b. absenteeism. c. employee work stoppage. d. performance increments.

Answers

Answer:

a. functional turnover

Explanation:

Organizational distress is arise when the anxiety level of the management is too high to adapt for modify

Now the positive result for the organziational distress would take a form of functional turnover as the turnover of the company depend upon the different kinds of functions

Hence, the correct option is a.

With an aim of a diagram, distinguish between the income effect and substitution effect of change in price of a normal good​

Answers

Hello. You did not present a diagram to which the question refers. However, I will try to help you in the best possible way.

The income effect is the term related to the increase or decrease in the consumer's purchasing power in relation to the fluctuation in the price of consumer products and the value of the national currency. On the other hand, the substitution effect refers to the impact between the variation of the consumers' income value and the product's prices.

Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.

The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000

Common Stock
(dividends per share)

I cannot figure out Y1 or Y3

Answers

The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.

To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.

Given information:

Cumulative preferred stock: 15,000 shares, 1% dividend

Common stock: 50,000 shares, $30 par value

Dividends distributed:

Y1: $30,000

Y2: $12,000

Y3: $45,000

First, let's calculate the dividends per share for the cumulative preferred stock in each year.

Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares

Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares

Dividends per share for cumulative preferred stock = $1 / 15,000

Dividends per share for cumulative preferred stock = $0.000067 per share

Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).

For Y1:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $30,000 - ($0.000067 * 15,000)

Total dividends for common stock = $30,000 - $1.005

Total dividends for common stock = $29,998.995

Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares

Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)

For Y3:

Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)

Total dividends for common stock = $45,000 - ($0.000067 * 15,000)

Total dividends for common stock = $45,000 - $1.005

Total dividends for common stock = $44,998.995

Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares

Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares

Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)

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Haas Company manufactures and sells one product. The following information
pertains to each of the company's first three years of operations:
Variable costs per unit:
Manufacturing:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative
Fixed costs per year:
Fixed manufacturing overhead
Fixed selling and administrative expenses
A A A A
20
12
4
2
$
Book
$ 960,000
$ 240,000
int
During its first year of operations, Haas produced 60,000 units and sold 60,000 units.
During its second year of operations, it produced 75,000 units and sold 50,000 units.
In its third year, Haas produced 40,000 units and sold 65,000 units. The selling price
of the company's product is $58 per unit.
int
ences
Required:
1. Compute the company's break-even point in unit sales.
2. Assume the company uses variable costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.
3. Assume the company uses absorption costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.

Answers

While the sales revenue of $960,000 is a crucial piece of information, it is only one component in assessing the financial performance of Haas Company.

Based on the provided information, it can be inferred that Haas Company manufactures and sells only one type of product. The total amount of sales revenue for this product is $960,000. However, this information alone is not sufficient to determine the profitability or financial health of the company.

In order to assess the financial performance of Haas Company, additional information such as the cost of goods sold, operating expenses, and net income is needed.

The cost of goods sold refers to the direct costs associated with the production and sale of the product. This includes materials, labor, and overhead expenses. By subtracting the cost of goods sold from the total sales revenue, the gross profit can be determined. The gross profit indicates the profitability of the product, before taking into account any operating expenses.

Operating expenses are the indirect costs associated with running the business, such as rent, utilities, salaries, and advertising. After subtracting the operating expenses from the gross profit, the net income can be determined. The net income represents the overall profitability of the company after all expenses have been accounted for.

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Why do some Economists believe tax reform is needed in the United States?

Answers

Answer:

The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986.

Explanation:

Taxes can be used to stabilize the economy.The implementation of taxes can promote social equity; for example the use of progressive income taxes.There are many types of taxes that can be legislated to derive revenue for government operations.

Refer to the graph of production possibilities frontiers for Taiwan and Japan. Both nations will gain from trade when 1 pair of rain boots trades for _____ microchip(s).

Refer to the graph of production possibilities frontiers for Taiwan and Japan. Both nations will gain

Answers

Refer to the graph of production possibilities frontiers for Taiwan and Japan. Both nations will gain from trade when 1 pair of rain boots trades for 1.5  microchip(s). option D.

How to calculate production possibilities?

For Taiwan, maximum microchip = 600 and maximum rain boots = 1,200

For Japan, maximum microchip = 1,600 and maximum rain boots = 800

Opportunity cost for microchip in Taiwan = 1200/600 = 2 rain boots

Opportunity cost for microchip in Japan = 800/1600 = 1/2 or 0.5 rain boots

Opportunity cost for rain boots in Taiwan = 600/1200 = 1/2 or 0.5 microchips

Opportunity cost for rain boots in Japan = 1600/800= 2 microchips

Japan has a comparative advantage in microchips while Taiwan has same advantage in rain boots.

Selling rain boot by Taiwan to Japan at a price greater than the opportunity cost becomes  2 - 1/2 = 1.5.

The production possibility for microchips is 1.5 form Taiwan's price greater than half rain boots of Japan's and Japan willing to buy rain boots at a price greater than 2 rain boots.

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Managers use all of the following types of resources to achieve organizational goals except

Answers

Managers use all of the following types of resources to achieve organizational goals except: A. International.

Who is a manager?

A manager can  be defined as the person that help to oversee a company or an organization day to day business operation  and activities by ensuring that their is smooth business operation.

Managers tend to often make  use of the below resources to achieve their organizational goals and objectives:

PhysicalHumanFinancialInformation

Therefore we can conclude that the correct option is A.

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The complete question is:

Managers use all of the following types of resources to achieve organizational goals EXCEPT

A. International

B. Physical

C. Human

D. Financial

E. Information

Fiscal Policy

1. Suppose the economy is in recession. The government decides to run a deficit to fund a jobs program. Find equilibrium GDP using the following data:
C = 50 + .7(Y – T)

I = 40

G = 35

T = 20

Xn = -10

2. Now suppose a Balanced Budget Amendment to the Constitution was passed, requiring the government to balance its budget. As a result, government spending is cut in order to balance the budget. Calculate the new level of GDP. Check your answer by using the multiplier method (multiplier x change in spending). What effect will balancing the budget have on GDP and on the recession?

Answers

Based on the economic data given, and the fact that the government is running a deficit, the equilibrium GDP will be 336.67.

If government spending is cut to balance the budget, the new level of GDP will be 321.67.

The effect of balancing the budget will be a decrease in GDP and a slower recovery from the recesssion.

What is the equilibrium GDP?

This is given by the variable "Y" so we can find the equilibrium GDP by solving for it:
C = 50 + .7(Y – T)

Y = C + I + G - XN

C = Y - I - G + XN

Solving gives:

Y - I - G + XN =  50 + .7(Y – T)

Y - 40 - 35 + 10 = 50 + 0.7Y - 14

Y - 0.7Y = 50 + 40 + 35 - 10 - 14

0.3Y = 101

Y = 101/0.3

= 336.67

What is the new GDP if government spending is cut?

Government spending will have to be cut to a size that would make it equal to taxes so government spending becomes 20.

New GDP becomes:

= C + I + G - XN

= ( 50 + .7(Y – T)) + 40 + 20 - 10

= 271.67 + 40 + 20 - 10

= 321.67

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help please!!

39. When a business collapses, only those who work directly for the business are impacted.

True

False

Answers

Answer:

I can't say 100% but I am pretty sure it is false because anyone who works hand in hand with the business will also be affected as well as people that have like invested in it or etc so I'd have to say false.

also I love your pfp :p

Falseeeeeeeeeeeeeeeee:)
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