Answer: unit of account.
Explanation:
Money is anything that's generally accepted by the people and used for making purchases. There are different functions of money such as:
• Means of payment
• Store of value
• Unit of account
• Standard for defered payment
If the prices of goods and services were expressed in terms of $20 for a shirt, $100 for a purse, the function of money that is shown here is the unit of account.
Unit of account simply means the measurement of value. This is something through which goods can be valued.
A bond pays $80 per year in interest and has a $1,000 par value. The market rate of interest is 6%. What is the coupon rate for this bond
Answer:
8%
Explanation:
The coupon is the amount of periodic cash payable to bondholders which is usually a percentage of the bond's face value.
The coupon of $80 is payable annually in this case, hence, based on the face value( par value) of $1,000 per bond, the coupon rate is computed as shown thus:
annual coupon=face value*coupon rate
annual coupon=$80
face value=$1000
coupon rate=unknown
$80=$1000*coupon rate
coupon rate=$80/$1000
coupon rate=8%
Jasper makes a $84,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be:__________
a) Debit Notes Receivable for $84,000, credit Cash $84,000.
b) Debit Accounts Receivable $84,000, credit Notes Receivable $84,000.
c) Debit Cash $84,000, credit Notes Receivable for $84,000
d) Debit Notes Payable $84,000; credit Accounts Payable $84,000.
e) Debit Notes Receivable $84,000; credit Sales $84,000.
Answer:
a) Debit Notes Receivable for $84,000, credit Cash $84,000.
Explanation:
Based on the information given we were told that Jasper makes the amount of $84,000 which means that Jasper's appropriate journal entry to record the transaction should be:
Debit Notes Receivable $84,000
CreditCash $84,000
At its present level of operations, a small manufacturing firm has total variable costs equal to 75 percent of sales and total fixed costs equal to 15 percent of sales. Based on variable costing, of sales change by $1.00, income will change by
Answer:
$0.25
Explanation:
The change in operating income as a result of the change in sales by $1.00 is equivalent to the additional contribution margin, computed as follow;
Additional sales
$1
Less:
Additional Variable costs ($1 × 75%)
($0.75)
Increase in operating income
$0.25
The amount left over after subtracting variable costs is the contribution margin.
Here, the total fixed cost remains unchanged hence will not be affected due to increase in sales. The fixed costs remains at 15% of sales at the present level of operations. The fixed costs as a percentage of sales will be some value less than 15% after the $1.00 increase in sales value.
The amount of the change in the operating income if sales change by $1 is $0.10.
First step is to calculate the total cost
Total cost= (Total variable costs × Sales) + (Total fixed costs × Sales)
Total cost=(75%×$1.00) + (15%×$1.00)
Total cost=$0.75+$0.15
Total cost=$0.90
Second step is to calculate the change in operating income
Change in operating income = Sales - Total cost
Change in operating income =$1.00-$0.90
Change in operating income =$0.10
Inconclusion the amount of the change in the operating income if sales change by $1 is $0.10.
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On 6/30/12, a company recorded a journal entry for the coupon payment on its bond. As part of the journal entry, the company debited bonds payable. Which of the following is true regarding this journal entry?
a. The company debited Interest Expense
b. The bond was issued at a discount
c. The proceeds of the bond were less than the face value
d. The company credited Cash
e. The coupon rate is greater than the effective rate
Answer:
a. The company debited Interest Expense d. The company credited CashExplanation:
The coupon payment represents the interest payment being paid by the company on the bond. They will therefore record this coupon by debiting it to the Interest expense account as expenses are debited when they are incurred.
The same amount will be credited to the Cash account because the payment will come from the cash holdings of the company. Cash is an asset account so it is credited when it reduces.
Evaluate the product-company and product market fit of the line extension options. Does the idea fit with the company and market
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In 1 to 2 paragraphs, analyze how a person's ethics or values might affect his performance on the job
Please answer and I’ll mark you the best answer
Answer:
How can poor ethics devalue you as an asset on the team? Well, if you have poor moral standards and beliefs and what not, people can somewhat easily identify your personality as a negative trait. However if you're a good person with good values and spot on ethics, people will quickly realize that you're a good asset to have on the team.
Your energy, work ethic, and values also determine how good or bad your work ethic is.
Explanation:
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Kahn Performance Nutrition produces a protein shake that contains whey protein as one of its ingredients. The whey protein (materials) standards for each batch of protein shake produced are 12 pounds of whey protein at a standard cost of $3 per pound. During July, Kahn Performance Nutrition purchased and used 54,000 pounds of whey protein at a total of $170,000 to make a total of 4,300 batches of protein shake. What is the materials quantity variance for whey protein in July?
Answer:
The correct answer is "-$7200 (Unfavorable)".
Explanation:
Given:
Actual quantity,
= 54000 pounds
Standard price,
= $3 per pound
Standard quantity,
= [tex]4300\times 12[/tex]
= [tex]51600 \ pounds[/tex]
As we know,
⇒ [tex]Material \ quantity \ variance=(Standard \ quantity-Actual \ quantity)\times Standard \ price[/tex]By substituting the values, we get
⇒ [tex]=(51600-54000)\times 3[/tex]
⇒ [tex]=(-2400)\times 3[/tex]
⇒ [tex]=-7200 \ (Unfavorable)[/tex]
g Using the Gross margin analysis, establish the relationship between the revenues and the cost of sales for the different months and compare this with your expectation. Would you want to investigate any months
Answer: Hello your question has some missing information hence i will provide a more general question within the scope of your question
answer :
Revenue = Selling price - Direct cost
Input the values for the different months that you have into the relationship above
Explanation:
Gross margin is the revenue retained from company sales after the deduction of direct costs involved with the production of goods and services been sold.
The relationship between Revenues and cost of sales using Gross margin analysis
Revenue = Selling price - Direct cost
Input the values for the different months that you have into the relationship above
Management by exception is a practice whereby managers focus more closely on ________. Group of answer choices areas not operating as anticipated and less closely on areas that are operating as anticipated activity-based budgeting variances in the larger departments unfavorable variances
Answer:
Unfavorable variances because of their negative impact on profits.
Explanation:
Management by exception would refer the business management where it can focused on the identifying and handling the situations that could deviate from the norms, and suggested to a best practice by the managing of the project method
So here it could create an adverse variance of the negative effects
Therefore the same would be considered
Businesses rely on information to manage ________ that cuts across and supports the entire organization.
Answer:
customer services.
Explanation:
CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
This ultimately implies that, customer relationship is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.
Hence, businesses generally rely on information to manage customer services that cuts across and supports the entire organization.
In conclusion, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management and as a significant level of impact on a business such as in sales revenue and profits.
2. The materials cost variance report for Nickols Inc. indicates a large favorable materials price variance and a significant unfavorable materials quantity variance. What might have caused these offsetting variances?
Answer:
A favorable materials price variance is caused by the amount budgeted for material prices (standard price) being higher than the actual price of the materials. This can happen as a result of increased supply of materials in the market.
An unfavorable materials quantity variance arises when the actual amount of materials used surpasses the amount of materials that was budgeted (standard materials). This can happen due to wastage and inefficiency.
These two cancel each other out because the extra material that is to be used will be acquired at the surplus price that standard price exceeds actual price by.
Synthetic clothing releases fibers during the washing process, which then end up poisoning rivers, lakes, and oceans. Fish and other wildlife consume the microfibers, accumulating toxins in their bodies that can become concentrated as they travel up the food chain. The production of synthetic clothing is an example of market failure due to:___________
a) the nature of public goods.
b) asymmetric information
c) external costs
d) misinformation
Answer:
c) external costs
Explanation:
The production of synthetic clothing represent the example of the external cost as the external costs is the cost that are spend by an individual or firm in which the outcome of an economic transaction that are indirectly included. In this the cost could occurs from both the production and the consumption
So as per the given situation, the option c is correct
The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2013, which vest in four years. The fair value of the shares is $14. No forfeitures are anticipated. Ignore taxes. You must show your work for credit.
1. Determine the total compensation cost pertaining to the restricted stock
2. Prepare the appropriate journal entry (if any) to record the award of restricted stock on January 1, 20133.
3. Prepare the appropriate journal entry (if any) to record compensation expense on December 31, 2013.
Answer and Explanation:
1. The computation of the total compensation cost is
= 30 million shares × $14
= $420 million
2. No journal entry is required
3, The journal entry is
Compensation Expense ($420 ÷ 4) $105
To Paid in capital-Restricted Stock $105
(Being the compensation expense is recorded)
In this way it should be done and the same is relevant
Which business plan section is being described?
Industry description and outlook should be included.
O Market Analysis
O Business Description and Vision
O Organization and Management
O Executive Summary
Answer:
organization and management
Organization and Management is the business plan section is being described. Hence, option C is correct.
What is Organization and Management?Organizations and management are a mixture of many things, like how an individual person is organized and how they need to manage themselves. It can be defined as the interaction of the employees with the colleagues, customers, and other staff members in the organization.
This is the long process of planning, organizing, staffing, directing, and controlling the organization according to its size and needs.
Establishing a structure that gives employees a clear understanding of power, positions, and job tasks is one goal of organizational management. This organizational structure guarantees that business operations run smoothly and that personnel complete specific responsibilities, preventing efforts from duplicating or overlapping.
Thus, option C is correct.
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In a completely randomized experimental design involving five treatments, 13 observations were recorded for each of the five treatments (a total of 65 observations). Also, the design provided the following information.
SSTR = 300 (Sum of Squares Due to Treatments)
SST = 800 (Total Sum of Squares)
1. The number of degrees of freedom corresponding to within-treatments is:___________.
a. 5.
b. 59.
c. 4.
d. 60.
2. The mean square due to error (MSE) is:_________.
a. 200.
b. 500.
c. 8.3.
d. 75.
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis:________.
a. should be rejected.
b. should not be rejected.
c. was designed incorrectly.
d. cannot be tested.
4. The mean square due to treatments (MSTR) equals:_______.
a. 500.
b. 400.
c. 1350.
d. 1687.5.
1. The number of degrees of freedom corresponding to within-treatments is: 60. Option D
2. The mean square due to error (MSE) is: 8.3. Option C
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis should be rejected. Option A
4. MSTR is 75
How to solve for the degree of freedomDf = n - k
n = total observation
k = treatment
Df = 65 - 5
= 60
The mean square error is given as
MSE = SSE / DF
= 800 - 300 / 60
500 / 60
= 8.3
3) From the use of technology, the value of the P Value is given as 0.0000 the p value is less than the significance level. We have to reject the null.
4. The MSTR is given as 75. SSTR / DF
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A comparable property sold 17 months ago for $115,000. If the appropriate adjustment for market conditions is 0.30% per month (without compounding), what would be the adjusted price of the comparable property
Answer and Explanation:
The computation is shown below:
Without compounding, the adjusted price of the comparable property is
= $115,000 × (1+ (0.003 × 17))
= $115,000 × 1.051
= $120,865
And,
With compounding:
= $115,000 × (1.003)^10
= $115,000 × 1.030408
= $118,496.92
In this way it should be calculated
Customer satisfaction simply means:
Answer:
how happy customers are with a company's products/services
Explanation:
Customer satisfaction is defined as a measurement that determines how happy customers are with a company's products, services, and capabilities. Customer satisfaction information, including surveys and ratings, can help a company determine how to best improve or changes its products and services.
please share me answer
Answer:
Explanation:
debit Unearned Revenue 200
credit Revenues 200
To realize one month of insurance premium revenue
Rate of Return if State Occurs Stock State of Economy Probability of State of Economy Stock A Stock B C Boom
Answer:
mmmmmmmmmmmmmmmmmmm?
Suppose a three-factor model is appropriate to describe the returns of a stock. Information about those three factors is presented in the following chart: What is the systematic risk of the stock return
Answer:
The answer is "[tex]6.33\%[/tex]"
Explanation:
The systematic portion of the return can be defined as follows:
[tex]\to 0.0000734(\$17,863?\$17,034)?0.90(2.60\%?2.80\%)?0.32(3.50\%?3.70\%)[/tex]
[tex]= 0.0000734 (829) - .90 (-.002) - .32(-.002)\\\\= 0.0608486 + 0.0018 + 0.00064\\\\= 0.0633 \\\\ = 6.33\%[/tex]
2. State the accounting equation.
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The accounting equation formula is Assets = Liabilities + Equity.
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Even in these times of social media and digital content some of the old ways of promotion can still be effective. Identify two strengths and two weaknesses of each major advertising medium: newspapers, television, direct mail, radio, magazines, and outdoor display.
Answer:
Newspaper Advertising
STRENGHTS:
I. Wide reach/coverages
II. Cheap and easily affordable
WEAKNESS:
I. Can easily be destroyed
II. Iliterates can not be able to read its contents.
TELEVISION
STRENGHTS
I. Wider reach/coverage
II. Very attractive and understandable.
WEAKNESSES
I. Very expensive to maintain
II. May not be available to the poor.
DIRECT MAIL
STRENGHTS
I. Focused audience
II. High response rate
WEAKNESSES
I. Too expensive to maintain
II. May not have a wide reach.
RADIO
STRENGHTS
I. Wider reach/coverage
II. Easily accessible and affordable
WEAKNESSES
I. Expensive to maintain especially to the advertising organisation
II. Signal/connection issues.
MAGAZINE
STRENGHTS
I. attractive with colorful eye-catching pictures
II. Can easily understood by users.
WEAKNESSES
I. Magazines are usually very expensive than newspapers
II. Can easily be destroyed.
OUTDOOR DISPLAY
STRENGHTS
I. Very attractive with eye-catching pictures
II. Easily accessible with wider reach.
WEAKNESSES
I. Very expensive to maintain
II. Not focused/ not targeted at audience.
III. Waste coverages
Explanation:
Advertisement agencies are utilising several means of communication and marketing to their customers as described above those means has been fully utilized.
Newspaper Advertising is very affordable and can be easily accessible to the local population while it is easier to destroy or misplaced and also it can not be utilised by illustrates who can not read.
Television advertising is one of the most attractive as it contains pictures that can be attractive to its audience and also it has a wide coverage, it also has certain weaknesses which includes the cost of maintaining etc.
Outdoor advertising is also very attractive to the audience and it has a wide coverage as everyone making use of road can be easily reached. Some of the weaknesses of outdoor advertising includes the cost of sustaining it and also waste coverages as many audience may not need or desire the product being displayed.
Carr Inc. purchased equipment for $100,000 on January 1, Year 1. The equipment had an estimated 10-year useful life and a $15,000 salvage value. Carr uses the 200 percent declining balance depreciation method. In its Year 2 income statement, what amount should Carr report as depreciation expense for the equipment
Answer:
$16,000
Explanation:
Calculation to determine what amount should Carr report as depreciation expense for the equipment
First step is to calculate Depreciation under Double declining Balance method
Depreciation under DDB = 2/10 x $100,000
Depreciation under DDB =$ 20,000
Now let calculate what amount should Carr report as depreciation expense for the equipment
Depreciation expense=2/10 *($100,000-$20,000)
Depreciation expense=2/10*$80,000
Depreciation expense= $16,000
Therefore what amount should Carr report as depreciation expense for the equipment is $16,000
Eve shops at Mrs. G's Grocery because it is located right near her place of work. Although Mrs. G's prices are higher than Walmart's, Eve is willing to pay more because she can easily pick up groceries on her way home from work. The convenience Eve received was well worth the extra money; this is an example of _______.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Value.
b) Hedonic value.
c) Utilitarian value.
d) Perceived value.
And the correct answer is the option D: Perceived value.
Explanation:
To begin with, in the field of marketing the term known as "Perceived Value" refers to the type of value that the customer receives when comparing the product of the company with those of the competitors and seeing that he or she is willing to pay more for that product because of what the customer receives in exchange of it. In this case, Eve is willing to pay extra money due to the fact that she sees the convenience of close by store that allows her to not waste time and buy fast so that is a well example of perceived value.
The convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
In marketing, a Perceived Value refers to the type of value that the customer receives when comparing the product of the company with those of the competitors.
Hence, the convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
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. Drayser Corporation has budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units. How many units should be produced next year
Answer:
Production= 26,000
Explanation:
Giving the following information:
budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units.
To calculate the production required, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 23,000 + 9,000 - 6,000
Production= 26,000
Unger has the following third party and intersegment revenue for its 10 operating segments Third party revenue $5,000,000 Intersegment revenue $1,000,000 Unger must disclose enough segments so that: a. The sum of the intersegment revenues of the disclosed segments exceeds $3,750,000. b. The sum of the third party revenues of the disclosed segments exceeds $3,750,000 c. The sum of the third party and intersegment revenues of the disclosed segments exceeds $4,500,000 d. The sum of the third party and intersegment revenues of the disclosed segments exceeds $3,750,000 e. The sum of the third party revenues of the disclosed segments exceeds $4,500,000
Answer:
Unger
Unger must disclose enough segments so that:
b. The sum of the third party revenues of the disclosed segments exceeds $3,750,000
Explanation:
a) Data and Calculations:
Sales revenue to third parties = $5,000,000
75% of the consolidated revenues across all operating segments = $3,750,000 ($5,000,000 * 75%)
Intersegment sales revenue = $1,000,000 (this is not included in the 75% test)
b) According to GAAP requirements (75% test), the combined revenues earned by sales to third party customers in the separately reportable operating segments must be at least 75 percent of the total consolidated revenues ($5,000,000 * 75%) across all operating segments, which is equal to $3,750,000.
Pensinger sells 800 units resulting in $9,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. Contribution margin per unit is ________. (Round the final answer to the nearest cent.) Group of answer choices $11.25 per unit $7.50 per unit $13.75 per unit $5.00 per unit
Answer:
$7.50
Explanation:
Calculation to determine what the Contribution margin per unit is
Using this formula
Contribution margin per unit=Sales revenue-Variable costs/Sales unit
Let plug in the formula
Contribution margin per unit=($9,000 − $3,000) / 800 units
Contribution margin per unit=$6,000/800 units
Contribution margin per unit= $7.50 per unit
Therefore Contribution margin per unit is $7.50
A subsidy causes a deadweight loss since people only make a purchase because the subsidy _____ the price. The amount they value the extra quantity is _____ than it costs the government to move them to buy it.
Answer: lowers; less
Explanation:
Subsidies are usually given on public goods which the government wants the public to buy more of. For this reason, these goods will cost less than they should on account of the government paying some of the cost.
The deadweight loss arises because the government is paying more than consumers would have paid in order to entice the consumers to buy the good. Essentially the cost to the government is higher than the consumer surplus which creates a deadweight loss.
Considering technological innovations, schools increasingly adopt digital tools and promote online environments for learning.
a. True
b. False
Answer:
A
Explanation:
Technological innovations are been increasingly adopted in schools.
examples of technological innovations used in schools are :
Digital readers and tablets. Virtual reality Gamification Use of Biometrics Cloud technology Artificial intelligence Mobile technologyAdvantages of adopting technology in schools include :
It facilitates the learning process and ensures faster retention of what is taughtIt also helps students remember what they were been taught in schools. for example, there are educational game appsAlso, students can get help faster with questions they might have. for example, an app like brainly provides answers and explanation to studentsWith technology, learning can take place outside the four walls of a school. With the pandemic, technology has facilitated learning from home.If Wolves Entertainment Company is acting in the best interests of stockholders (following the primary goal of the firm), which of the following is the optimal (best) capital structure for the firm?
A. Debt = 50%, Equity = 50%, EPS = $3.05, Stock price = $29.90, Cost of Debt = 3.5%.B. Debt = 80%, Equity = 20%, EPS = $3.28, Stock price = $29.70, Cost of Debt = 5.8%.C. Debt = 40%, Equity = 60%, EPS = $2.95, Stock price = $30.50, Cost of Debt = 3.0%.D. Debt = 60%, Equity = 40%, EPS = $3.18, Stock price = $31.20, Cost of Debt = 4.0%.E. Debt = 70%, Equity = 30%, EPS = $3.42, Stock price = $30.40, Cost of Debt = 5.0%.
Answer: D. Debt = 60%, Equity = 40%, EPS = $3.18, Stock price = $31.20, Cost of Debt = 4.0%.
Explanation:
Since the company is acting in the best interests of stockholders the optimal capital structure for the firm will be option D "Debt = 60%, Equity = 40%, EPS = $3.18, Stock price = $31.20, Cost of Debt = 4.0%".
In this case, the price is at maximum when compared to other options, therefore the value of the shareholders will be maximize.