Answer: D. Get Funding
Explantion: You company will need a business plant in order to get funding because you'd need to present your investors with the future of your business and what it's there to do. I also happened to take the assessment and it was marked correctly.
I hope this helped!
Good luck <3
Your company will need a business plan in order to get funding. Hence, the correct answer is option D.
What is a business plan?A business plan is a formal document that outlines a company's goals, strategies, and projected outcomes. One of the primary reasons for creating a business plan is to secure funding from investors or financial institutions. By presenting a well-written and comprehensive business plan, a company can demonstrate its viability and potential for success, which can increase its chances of obtaining the necessary funding to start or grow the business.
While a business plan can help a company increase revenue and identify opportunities, those outcomes are not the primary purpose of a business plan. Paying taxes is a legal requirement for all companies, but a business plan is not directly related to tax obligations.
Therefore, a company will need a business plan in order to get funding. Hence, the correct answer is option D.
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The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.
Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).
The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)
The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.
Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.
Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.
What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?
1. The value of the stock account after Year 2 is $155,401.626.
2. The value of the stock account after Year 8 is $96,110.0674.
3. The value of the stock account after Year 11 is $96,110.0674.
4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.
Bond interest rate: 5%
Stock dividend yield: 3.7% (10% less than S&P 500 average yield)
Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)
We'll assume an initial investment of $100,000.
Year 1:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370
1. Year 2:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626
2. Year 8:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674
3. Year 11:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674
4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.
Stock dividend income: $100,000 * 0.037 = $3,700
Bond interest income: $100,000 * 0.05 = $5,000
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A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of 20,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 8,000 hours in year 2, and 6,000 hours in year 3.
Answer:
The depreciation expense for year 1 is $54,000, for year 2 is $144,000, and for year 3 is $108,000.
Explanation:
To calculate the depreciation expense using the units-of-production method, we need to determine the depreciation rate per machine hour.
Step 1: Calculate the depreciable cost.
Depreciable cost = Cost of the machine - Residual value
Depreciable cost = $400,000 - $40,000
Depreciable cost = $360,000
Step 2: Calculate the depreciation rate per machine hour.
Depreciation rate per machine hour = Depreciable cost / Estimated machine hours of useful life
Depreciation rate per machine hour = $360,000 / 20,000 machine hours
Depreciation rate per machine hour = $18
Step 3: Calculate the depreciation expense for each year.
Year 1: 3,000 machine hours
Depreciation expense = Depreciation rate per machine hour * Hours in year 1
Depreciation expense = $18 * 3,000
Depreciation expense = $54,000
Year 2: 8,000 machine hours
Depreciation expense = Depreciation rate per machine hour * Hours in year 2
Depreciation expense = $18 * 8,000
Depreciation expense = $144,000
Year 3: 6,000 machine hours
Depreciation expense = Depreciation rate per machine hour * Hours in year 3
Depreciation expense = $18 * 6,000
Depreciation expense = $108,000
Therefore, the depreciation expense for year 1 is $54,000, for year 2 is $144,000, and for year 3 is $108,000.
Hope this helps!
What the Business ethics About USA
Answer:
By definition, business ethics refers to the standards for morally right and wrong conduct in business. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers.
I hope it will help u...
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Business Ethics are also known as commercial ethics. Within the USA, they exist and are complied with across a broad range of business interests.
Ethics of Business in USAPlease note that the question appears incomplete hence the general answer.
Business Ethics in the USA have generally accepted codes of conduct that guide the business owners on how they carry on operation with one another within and outside the country.
Examples of business ethics are:
Protection of DataPlacing priority on customersAbiding by the rules of transparencyProtecting the environment from harmful business activities etc.See the link below for more about Ethics:
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Marla made a spreadsheet in Excel showing the projected costs for a concert she was putting on. What can Marla enter into cell A11 to find out how much money is left in her budget and to make sure the cell is updated whenever she changes any of the other costs?
=A2-A4-A6-A8-A10
+A2-A4-A6-A8-A10
=A4-A6-A8-A10+A2
+A4-A6-A8-A10=A2
Marla will use the formula to find the updated cost.
=A2-A4-A6-A8-A10
Because A2 is budget and A4, A6, A8 and A10 all are expenses. So she has to budget-all expenses.
So option A=A2-A4-A6-A8-A10 is true.
What is a spreadsheet?A spreadsheet is a computer program that can capture, display and manipulate data arranged in rows and columns. Spreadsheets are one of the most popular tools available with personal computers.
A single spreadsheet can be used as a worksheet to compile data for a purpose, or multiple sheets can be combined to create an entire workbook.
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How are marketers using spam text messages to their advantage?
Marketers use spam text messages to their advantage : as a way to reach a large amount of potential customers quickly and inexpensively.
Who is a marketers?A marketer can be defined as the person that help to create awareness about a company product or brand so as to increase sales thereby leading to more income or profit for the company.
Although , sending out unsolicited text messages can be illegal in some countries based on this it is important for marketers to obtain prior consent from individuals before sending them text messages and to provide an easy way for people to opt out of receiving further messages.
Therefore spam text messages is a way to reach a large amount of potential customers quickly and inexpensively.
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Which of these describes what can happen with an adjustable-rate mortgage?
A. The annual fees decrease each year as the loan gets closer to being paid off.
B. The percentage paid on property goes up or down from year to year.
C. The amount of principal owed on the mortgage changes as the housing market changes.
D. The monthly mortgage payments go up or down from year to year.
Answer:
The monthly mortgage payments go up or down from year to year.
Explanation:
In the adjustable-rate mortgage, monthly mortgage payments go up or down from year to year.
What is mortgage?A mortgage is often known as a mortgage loan. It is a contract between the borrower and a mortgage lender that permits the borrower to buy or refinance a home without having to pay the entire amount upfront.
Monthly mortgage payments on an adjustable-rate mortgage fluctuate from year to year according to the payment of installments of the mortgage.
Therefore, option D is correct.
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Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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A proposed new project has projected sales of $123,000, costs of $57,000, and depreciation of $12,600. The tax rate is 35 percent. Calculate operating cash flow using the four different approaches. (Do not round intermediate calculations.)
EBIT = Sales - Costs - Depreciation
= 123,000 - 57,000 - 12,600
= $53,400
EBIT = EBT as no interest in question.
Tax = EBIT * Tax rate
= 53,400 * 35%
= $18,690
Operating cashflow = 53,400 + 12,600 - 18,690
= $47,310
Approach 2 ⇒ Top-down Approach= Sales - cost - tax
= 123,000 - 57,000 - 18,690
= $47,310
Approach 3 ⇒ Tax-Shield
= (Sales - Cost) * (1 - Tax rate) + (Depreciation * Tax rate)
= (123,000 - 57,000) * (1 - 35%) + (12,600 * 35%)
= $47,310
Approach 4 ⇒ Bottom-up= (Sales – Cost – Depreciation) * (1 - Tax rate) + Depreciation
= (123,000 - 57,000 - 12,600) * ( 1 - 35%) + 12,600
= $47,310
If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be most helpful?
A. Balance sheet
B. Income statement
C. Statement of owners' equity
D. Cash flow statement
Answer:
D. Cash flow statement.
Explanation:
I took the test and that was the right answer
If you wanted to make sure a company has enough money available to pay its bills, Cash flow statement would be most helpful. The correct option is (D).
What do you mean by the Cash flow statement?The cash flow statement lets you keep track of incoming and departing cash by displaying the source of that money. An organization's operational, investment, and financial operations all generate cash flow.
A cash flow statement's goal is to give a thorough account of what happened to a company's cash over a given time period, also referred to as the accounting period.
Based on how much money is coming in and going out of the company, it shows the organization's capacity to run both short- and long-term.
Therefore, if you wanted to make sure a company has enough money available to pay its bills, Cash flow statement would be most helpful.
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in the united states ,dollar bills, , and dimes are representative money
Answer:
In the United States, dollar bills, nickels, and dimes are Representative money It can be exchanged for a valuable good, was used in systems involved a "gold standard", and can be traded for a commodity such as silver.
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.
Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.
One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.
Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.
Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.
In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
A. It leads to less hands-on training and less difficulty finding a job.
B. It creates less debt from tuition and the ability to enter the workforce sooner.
C. It leads to more hands-on training and more difficulty finding a job.
D. It creates more debt from tuition, and trade school takes longer to complete.
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If the multiplier in an economy is 3, a $30 billion increase in net exports will
If the multiplier in an economy is 3, a $30 billion increase in net exports will increase GDP by $90 billion.
Using this formula
Increase in GDP=Economy multiplier ×Increase in net exports
Where:
Economy multiplier=3
Increase in net exports=$30 billion
Let plug in the formula
Increase in GDP=3×$30 billion
Increase in GDP=$90 billion
Inconclusion If the multiplier in an economy is 3, a $30 billion increase in net exports will increase Gross domestic product (GDP) by $90 billion.
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Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $9,100 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $5,500 and $9,400 at the end of Years 1 and 2, respectively. In addition, Project X can be repeated at the end of Year 2 with no changes in its cash flows. Project Y has an expected life of 4 years with after-tax cash inflows of $3,800 at the end of each of the next 4 years. Each project has a WACC of 9%. What is the equivalent annual annuity of the most profitable project? Do not round intermediate calculations.
Based on the cash flows of the two projects, the equivalent annual annuity of the most profitable project is $1,866.83.
Which project is more profitable?The project that is more profitable is the project with the higher Net Present Value.
The Net Present value can be found by adding the present values of the cashflows for a project.
Project X NPV is:
= -9,100 + 5,500 / 1.11 + 8,200 / 1.11²
= $2,510.26
The NPV for Project Y is:
= -9,100 + Present value of $4,800 over 4 years at 11%
= $5,791.74
The more profitable project is therefore Project Y.
The equivalent annual annuity of the most profitable project is:
= 5,791.74 / 4 years
= $1,866.83
In conclusion, the equivalent annual annuity of the most profitable project is $1,866.83
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2. Write a paragraph that explains how credit cards work, including the following
details:
• Who issues credit cards
Why and how they're used
Whether they're secured or unsecured debt
The impact of paying and not paying a credit card balance on time
1) Credit cards are issued to qualifying applicants by credit card issuers such as banks, credit unions, and financial institutions.
2) Credit cards are popular for making purchases or paying for services because they provide ease and flexibility.
3) Credit cards can be secured, which means they are backed by a deposit, or unsecured, which means they are not.
4) If a credit card amount is not paid in full on time, the borrower may be charged late fees and interest. If the debt is paid on time, the borrower's credit score may increase.
What is a credit card?A credit card is a type of payment card that allows the cardholder to pay a merchant for products and services depending on the cardholder's accumulated debt.
A credit card, in its non-physical form, is a payment method that supports both consumer and commercial business activities, such as purchases and cash advances. A credit card is typically used to replace cash or checks and offers an unsecured revolving line of credit.
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Many economists believe there is a conflict between the economic goals of growth and equity. Do you agree or disagree? Provide your reasons.
Answer:
There should be no conflict between economic growth and equity. Some conflicts may arise, since generally economic growth benefits the richest more than the rest of the population, but government policies can offset this situation, and the living proof are Scandinavian countries.
The theory that leads to conflict is the trickle down effect (supply side economics) since it advocates for allowing rich people to get so rich that they will eventually realize that the only that they can get richer is by distributing some of their wealth. That never happens.
Supply side economics, and all other variations of classical economics, monetarism and neo-classicism are great in theory, but they have never worked in real life.
Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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20 Points
Describe the educational background or training necessary for your chosen career (Doctor).
The path to becoming a doctor begins with a bachelor's degree program. There is relative flexibility in the subject studied, but undergraduate schooling for doctors should include a pre-med focus, which ensures that necessary science-based core curriculum is coveLred prior to the candidate's progression to medical school. These programs typically have a heavy focus on biology and chemistry, with plenty of physics, math and English courses to prepare a student to apply to med school.
Step 2: Pass the MCAT2103The Medical College Admission Test (MCAT) is a multiple choice exam taken before admission into medical school. The MCAT tests an aspiring doctor's knowledge of the physical and biological sciences and verbal reasoning and writing skills. The test is computerized and it takes approximately five hours to complete.
Step 3: Attend Medical SchoolDoctor education and training continues with medical school. The initial two years are spent in classrooms and laboratories, where students take the necessary courses to prepare them for diagnosing and treating patients. During the second year of doctors' education, students must pass the first of a series of the United States Medical Licensing Examinations, referred to as 'The Boards', which are administered by the National Board of Medical Examiners. During the second half of medical doctor training, prospective doctors practice under the tutelage of attending physicians to learn the realities of practicing medicine. During their fourth year of medical school and first year of residency training, doctors take their remaining medical licensing examinations.
Step 4: Complete Residency TrainingIn their fourth year of medical school, candidates are paired with a residency training program in a rite of passage called 'Match Day.' Depending upon his or her specialty, a candidate may spend between three and seven years in residency at a medical facility. Beyond taking classes to become a doctor, this gives them on-the-job experience. They work under the direct supervision of an attending physician and focus on practical training in general medicine and their chosen specialty.
Step 5: Get LicensedIn order to become a doctor, a candidate must obtain a license to practice medicine. Requirements for medical licensing differ from state to state and all states issue their own licenses based on state regulations. Licensing generally requires completing medical school and successfully passing all medical licensing examinations. How many years does it take to become a doctor? It usually takes between 11 and 15 years to meet all the education and training requirements. This includes an undergraduate degree, medical school, and a residency. Once a prospective doctor finishes all the necessary education and physician training, they should see a number of job opportunities, as job growth is expected to rise 13% from 2016-2026 and a rewarding salary should also be anticipated.
Flexibility/Flexiblization a. Describes the ability of contemporary corporations to respond to market changes quickly by bribing the president b. Describes the ability of contemporary corporations to respond to market changes quickly by bribing union bosses c. Describes the ability of contemporary corporations to respond to market changes quickly by using subcontractors instead of hiring more regular employees. d. Describes the ability of contemporary corporations to respond to market changes quickly by hiring more regular employees instead of using subcontractors
Flexibilization/Flexibility describes
" The ability of contemporary corporations to respond to market changes quickly by using subcontractors instead of regular employees". (C)
Some firms would rather hire flexible subcontractors instead of regular or internal employees, this helps them cut cost, they can also increase or decrease their workforce easily.
Flexibilization may undermine labor rights because these subcontractors don't have the same right as regular employees and job security is not assured.
Hence, Flexibilization basically means outsourcing jobs to sub contractors as a result of market changes rather than hire regular employees.
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Of the small businesses in the distribution industry, nearly three-quarters of them are involved in:________.a. Wholesalingb. Purchasingc. Serviced. Retailing
Answer:
d. Retailing
Explanation:
Retailing is selling of a product to the last consumer known for the product generally. As this is the last stage of a distribution channel maximum people are involved.
Further retailers requires the least investment in the distribution chain as compared to other processes.
Whole sellers require huge amount also that the purchaser requires huge amount.
Retailing business is the last step of the distribution channel and maximum people are doing this business.
Employers will be evaluating your attitude and communication skills during an interview. True or false?
Answer:
This is true.
Explanation:
An interview's purpose is to see if the potential employee would be a good fit with the position they are in, the company, and fellow workers. This means they will be evaluating attitude and communication skills.
Total direct operating margin less indirect expenses equals
Answer:
Total operating income.
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
In Financial accounting, the total operating income can be defined as the sum total of the profit of a business firm (company) after its regular, recurring costs and expenses have been deducted. Thus, it's the amount of revenue generated by a business firm (company) after subtracting all operating expenses and cost of goods sold (COGS).
Mathematically, the total operating income of a business is calculated by subtracting the indirect expenses incurred by the business firm from its total direct operating margin.
This ultimately implies that, total direct operating margin less indirect expenses equals total operating income.
average cost can never rise while marginal cost are decline
The provided statement is false because when the marginal cost is greater than the average cost, then the average cost tends to rise.
What is the average cost?The average cost is the cost per unit of a manufactured product. It is determined by dividing the total cost of production by the number of units produced.
The average cost can rise, fall, or have no effect totally depending on the relation of average cost with marginal cost. If marginal cost is higher than average cost. then average cost tends to rise whereas it falls in the reverse case. There is no change in the average cost if both of them are equal.
Therefore, the average cost rises in the scenario where it exceeds the marginal cost.
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Leach Inc. experienced the following events for the first two years of its operations:
Year 1:
1. Issued $10,000 of common stock for cash.
2. Provided $70,000 of services on account.
3. Provided $33,000 of services and received cash.
4. Collected $37,000 cash from accounts receivable.
5. Paid $12,000 of salaries expense for the year.
6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 9 percent of the ending accounts receivable balance will be uncollectible.
Year 2:
1. Wrote off an uncollectible account for $680.
2. Provided $90,000 of services on account.
3. Provided $20,000 of services and collected cash.
4. Collected $72,000 cash from accounts receivable.
5. Paid $26,000 of salaries expense for the year.
6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 9 percent of the ending accounts receivable balance will be uncollectible.
Required:
a. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year1 .
b. Organize the transaction data in accounts under an accounting equation.
Answer:
Explanation:
1 events in general journal form and post them to Taccounts.(If no entry is required for a transaction/event, select "No journalentry required" in the first account field.)NoTransactionGeneral Journal Debit CreditA1 Cash ............10,000 Common stock.
........... 10,000 B2A ccounts receivable ..............78,000. Service revenue...........78,000 C3. Cash ............36,000. Service revenue ..........
36,000 D4 Cash ............69,000 Accounts receivable.............69,000 E5 Salaries expense...............38,000 Cash.............38,000 F6 Uncollectible accounts expense .........450. Allowance for doubtful accounts .....450 G7 Service revenue............114,000 Retained earnings..........114,000 H8Retained earnings............38,450 Uncollectible accounts expense............450 Salaries expense.......38,000
Suppose a shift of the labor-demand curve results in an increase of $5 in the equilibrium wage. How does this shift affect the value of the marginal product of labor?
When the labor-demand curve shifts, it means that the demand for labor has changed, which affects the equilibrium wage. If the equilibrium wage increases by $5, it means that employers are willing to pay more for each unit of labor they hire.
How does this change the worth of the labor's marginal product?This increase in wage suggests that the marginal product of labor has also increased. The marginal product of labor is the additional output produced when one more unit of labor is hired.
When employers are willing to pay more for labor, it suggests that the output produced by each unit of labor has increased.
This can be due to various reasons, such as technological improvements, increased demand for goods and services, or an increase in the efficiency of production processes.
In summary, a shift in the labor-demand curve that results in an increase in the equilibrium wage suggests an increase in the value of the marginal product of labor.
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Marcie goes to the salon and has a pedicure and a manicure. What has Marcie purchased from the salon?
A.) A good
B.) A good and a service
C.) Neither
D.) A service
B C x-Coordinate 57 y-Coordinate 5 Hamilton 97 85 65 6 Kingsport 7 Chicago 35 130 8 Pittsburgh 90 110 9 New York 126 130 10 Atlanta 70 50 11 12 Center of Gravity 13 14 Use the area to the right to draw a scatter diagram. 15 1 2 ~34 A Center of Gravity Name D Volume 400 300 300 100 400 100 E Taylor Paper Products is a producer of paper stock used in newspapers and magazines. Taylor's demand is relatively constant, and thus can be forecast rather accurately. The company's two factories are located in Hamilton, Ohio, and Kingsport, Tennessee. The company distributes paper stock to four major markets: Chicago, Pittsburgh, New York, and Atlanta. The board of directors has authorized the construction of an intermediate warehouse to service those markets. Coordinates for the factories and markets as well as the amounts produced and demanded have been collected in the Microsoft Excel Online file below. Use the following equations to compute the coordinates of the center of gravity: C₂ = ΣXW₁/W G-ΣΥN/ΣΜ where C₂ = x coordinate of the center of gravity Cy = y coordinate of the center of gravity X₁ x coordinate location / Y = y coordinate of location / W₁ = volume of goods or services moved to or from location i Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Questions 1. What are the x and y coordinates of the Center of Gravity? Round your answers to two decimal places. C₂: 74.29 Cy: 96.47 X
The x coordinate of the Center of Gravity (C₂) is approximately 14.25, and the y coordinate (Cy) is approximately 36.69.
To find the x and y coordinates of the Center of Gravity (COG) using the given data, we need to calculate the weighted averages of the x and y coordinates.
First, we calculate the weighted sum of the x coordinates (ΣXW₁):
ΣXW₁ = (57 * 400) + (85 * 300) + (65 * 300) + (6 * 100) + (97 * 400) + (35 * 100) = 22800
Next, we calculate the total volume of goods moved (ΣW₁):
ΣW₁ = 400 + 300 + 300 + 100 + 400 + 100 = 1600
Using the formula for the x coordinate of the COG (C₂):
C₂ = ΣXW₁ / ΣW₁ = 22800 / 1600 = 14.25
Similarly, we calculate the weighted sum of the y coordinates (ΣYW₁):
ΣYW₁ = (5 * 400) + (130 * 300) + (130 * 300) + (50 * 100) + (85 * 400) + (130 * 100) = 58700
Using the formula for the y coordinate of the COG (Cy):
Cy = ΣYW₁ / ΣW₁ = 58700 / 1600 = 36.69
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some organizations use , such as a word processing assessment for an office assistant job or an integrity assessment for a cashier job, to measure ability or personality.
Some organizations use employment tests, such as a word processing assessment for an office assistant job or an integrity assessment for a cashier job, to measure ability or personality
What is an employment test?Employment testing is the practice of administering written, oral, or other tests to determine a job applicant's suitability or desirability. IQ tests, the most common type, assess general mental ability. Other tests assess verbal ability, math skills, spatial perception, inductive and deductive reasoning, and so on. Strength, endurance, and muscular movement are all measured in physical ability tests.
A performance test is a method of evaluating an individual's physical ability to complete a task. An individual may be asked to perform specific functions or movements, such as lifting a box or turning a knob, in some cases.
It should be noted that such test are important in order to determine if the candidate will fit the position.
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Davis Enterprises has 250,000 shares of $5 par value common stock outstanding. Davis declares $2 dividend on March 2, payable on April 2. The journal entry for the payment of the Cash dividend on April 2 is:_____
Answer with explanation:
Total shares = 250,000
Dividend per share = $ 2
Total dividend = (Total shares) x (dividend ) = 250,000 x 2 = $500,000
So, the journal entry for the payment of the Cash dividend on April 2 would be :
Date particular business transaction Debit Credit
April 2 Dividend payable A/c Dr. $500,000
To cash A/c Cr. $500,000
The journal entries that would take place in the books of Davis enterprises as on April 2nd will take effect as debit in dividend payable Ac which would in turn be credited to the Cash Ac.
Journal entries is a simple format of recording the financial transactions of an organization in a chronological manner as they keep occurring in the business.
There will be debit in dividend payable account which would lead to take entry in the cash ac in the ledger accounts of the organization, here, Davis Enterprises.There are 250000 share outstanding at the end of Davis Enterprises and the dividend of $2 has been declared per share which will lead to declaration of $500000 dividend in amount.This $500000 will be distributed proportionately among the shareholders of the firm by virtue of number of shares being held by them in their demat accounts as on the record date.Hence, the dividend of $500000 will be declared by Davis Enterprises and the journal entries are attached below.
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A bond that has a face value of $150 maturing in one year is available for purchase for $134 . What is the interest rate offered on the bond
The interest rate offered on the bond is 11.94%.
What is the interest rate on the bond?The interest rate of the bond can be determined by calculating the yield to maturity of the bond. The yield to maturity is the interest rate that equates the price of the bond to the future value of the bond.
The yield to maturity can be determined using a financial calculator:
Cash flow in year 0 = $-134Cash flow in year 1 = $150YTM = 11.94%
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QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)
b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)
a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).
ii) The break-even number of cakes is approximately 21.42 cakes.
b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.
a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.
Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.
We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.
After performing the calculations, we obtain the following results:
a = 4.07 (fixed cost)
b = 0.81 (unit cost)
Therefore, the estimated total cost function for the bakery's production of "super cakes" is:
Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)
ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).
Setting the total cost function equal to the revenue function, we have:
4.07 + 0.81 * Number of cakes = 10 * Number of cakes
Simplifying the equation, we find:
0.19 * Number of cakes = 4.07
Dividing both sides by 0.19, we get:
Number of cakes = 21.42
Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.
b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.
Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33
Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71
From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.
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