Given the following three periods: Period 0: Tony decides to buy or not to buy the bike. The cost of the bike is equal to P utility units. Period 1: If Tony has bought the bike, then he has to decide if he is going out for a ride.
If he goes for a ride, then his effort generates a utility cost of E units of utility. Given that Tony is naive and absolutely patient in the long term (6 present bias (B = =). Assuming P = 2, E = 4, and B = 8, we are supposed to determine the following:Is he in period O expecting to ride in period 1 if he buys the bike?If he buys the bike, Tony is in period 0 expecting to ride in period 1.
The utilities of his options are:uo(buy) = -2 and uo(not buy) = 0u1(ride) = -4 and u1(no ride) = 0u2(ride) = 8 and u2(no ride) = 0If he buys the bike, he expects to get the benefit from period 2 and so will most likely go for a ride, but he will end up going for a ride if and only if the discounted value of the total utility derived from going for a ride is greater than the discounted value of the total utility derived from not going for a ride. The total utility gained from going for a ride is: -4 + β * 8 = -4 + 6 * 8 = 44.The total utility gained from not going for a ride is: 0 + β * 0 = 0Since the utility gained from going for a ride is greater than that gained from not going for a ride, Tony is going to go for a ride.
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The following lots of Commodity Z were available for sale during the year. Beginning Inventory. 7 units at $47 First purchase 16 units at $50 Second purchase 55 units at $55 Third purchase 13 units at $58 The firm uses the periodic system, and there are 21 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? Oa. $4,908 Ob. $1,194 Oc. $1,029 Od. 1997
To determine the ending inventory balance at the end of the year using the LIFO (Last In, First Out) method, we assume that the most recent purchases are sold first.
First, we need to calculate the cost of goods sold (COGS) by adding up the costs of the units sold during the year.
Cost of goods sold:
7 units from beginning inventory at $47 = 7 * $47 = $329
16 units from first purchase at $50 = 16 * $50 = $800
55 units from second purchase at $55 = 55 * $55 = $3,025
Total COGS = $329 + $800 + $3,025 = $4,154
Next, we calculate the ending inventory balance using the LIFO method. We start with the most recent purchases and work backward until we reach the desired ending inventory quantity.
Ending inventory:
21 units on hand at the end of the year
13 units from the third purchase at $58 = 13 * $58 = $754
8 units from the second purchase at $55 = 8 * $55 = $440
Total ending inventory = $754 + $440 = $1,194
Therefore, the ending inventory balance at the end of the year according to the LIFO method is $1,194.
The correct answer is Ob. $1,194.
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Question 10 Under perfect competition, the rising part of a firm's marginal cost curve above the minimum average variable cost, represents the firm's supply curve. Note, that you will lose 50% of the mark for this question if you choose the incorrect option. A. TRUE B. FALSE
The statement, "Under perfect competition, the rising part of a firm's marginal cost curve above the minimum average variable cost, represents the firm's supply curve" is TRUE.
The relationship between marginal cost and supply in perfect competition is that under perfect competition, the rising part of a firm's marginal cost curve above the minimum average variable cost, represents the firm's supply curve. Hence, the correct answer is True.
However, if the rising part of the marginal cost curve is below the minimum average variable cost, the firm will choose to shut down in the short-run.
In the long-run, a firm will leave the industry if it is incurring losses in the short-run.
The firm’s supply curve represents the quantity of a good that the firm is willing and able to supply at various prices. In other words, the supply curve is the marginal cost curve that lies above the minimum of the average variable cost curve.
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Which key stakeholder demands that firms behave responsibly?
The key stakeholder that demands firms behave responsibly is the Government. Here option C is the correct answer.
Government plays a crucial role in regulating and overseeing the activities of businesses to ensure they operate in a responsible and ethical manner. Governments establish and enforce laws, regulations, and policies that govern business practices and promote responsible behavior.
Governments demand that firms comply with legal requirements, such as environmental regulations, labor laws, and consumer protection measures. They also set standards for corporate governance, financial reporting, and transparency, aiming to prevent fraud and unethical practices. Governments may impose penalties, fines, or even revoke licenses for non-compliance.
Furthermore, governments often have a broader societal interest in promoting responsible business behavior. They seek to protect the welfare of citizens, promote fair competition, and prevent the negative impacts of business activities on society and the environment.
Governments may introduce regulations related to product safety, data privacy, social responsibility, and sustainability, placing additional demands on firms to behave responsibly. Therefore option C is the correct answer.
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Complete question:
Which of the following key stakeholders demands that firms behave responsibly?
A) Shareholders
B) Customers
C) Government
D) Competitors
Unit 10: IT/Data Design and Modelling Techniques SUB-
BUAN0100
What are some considerations when using a prototyping method
with stakeholders?
When using a prototyping method with stakeholders, some considerations include the following: Gathering early requirements:
Using prototypes to collect requirements helps stakeholders visualize the system’s intended functions and provide feedback on it. Early requirement collection helps in making sure that the final product meets the stakeholders’ needs. Testing: Prototypes allow testing to take place earlier in the design process. As a result, the team can determine the necessary modifications before delivering the final product.
Requirements documentation: Prototyping necessitates keeping comprehensive documentation to ensure that the prototype is up to date. Clear documentation aids in ensuring that stakeholders are on the same page when it comes to requirements and scope.Keeping an open mind: The goal of prototyping is to obtain stakeholder feedback on a product's functionality and to provide the team with valuable feedback. Stakeholders must remain open-minded during the process to ensure that the team is aware of their requirements.
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Consider the following transactions: Sold goods on credit for 2000 Received a payment from a credit customer of 1300 Sold goods for cash for 4000 Sold goods on credit for 1500 After these transactions, the balance of the receivables account is: Select one: O a. 3500 in debit c b. 2200 in credit O c. 2200 in debit O d. 3500 in credit
The balance of the receivables account after the transactions is 3500 in debit.
The balance of the receivables account after these transactions can be calculated as follows:
Received from a credit customer reduces the accounts receivable amount by $1300.
So, we now have a balance of $700 in accounts receivable account.
Sold goods on credit for $2000 and $1500.
So the total amount of goods sold on credit = $2000 + $1500
= $3500.
This amount is added to the accounts receivable account balance.
Now the balance of accounts receivable account = $700 + $3500
= $4200.
The balance of the receivables account is now $4200, which is debit in nature.
Therefore, the correct answer is 3500 in debit.
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Exercise III (FOR SELECTION) The gross sales from whole 2020 period were € 31000 and the sales returns were 4%. Additionally, the company is offering 4% of cash discount of sales to their customers (the cash sales was € 23250). At the beginning of the period December 31, 2019 the merchandise inventory level was € 10 100 and during the year 2020 the company purchased € 15500 of merchandise with 4% cash discount (the cash purchases was € 6200). Due to the low quality of the merchandise the company agreed with the suppliers on € 900 purchase allowance. The freight -in cost for the 2020 period were € 82. The ending inventory as of December 31, 2020 level was € 2 600. Please calculate cost of goods sold and gross profit under the periodic system inventory for 2020
The cost of goods sold under the periodic system for 2020 is €22,482, and the gross profit is €8,518.
To calculate the cost of goods sold, we start with the beginning inventory of €10,100, add the purchases of €15,500, and subtract the purchase allowance of €900 and the ending inventory of €2,600. This gives us a cost of goods sold of €22,482.
To calculate the gross profit, we subtract the cost of goods sold from the gross sales of €31,000. This gives us a gross profit of €8,518.
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Your boss is considering a 4-year investment project. • If the project is accepted, it would require an immediate spending of $504 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $158 in sale proceeds after taxes (or after-tax salvage value). Your boss's consulting team estimated that the annual after-tax profits (or operating cash flows) would equal $157. • The team also recommends immediately setting aside $41 in cash to cover any unforeseen expenses. The required annual rate of return is 10.5%. Calculate the Net Present Value of this proposed investment project. If your answer is negative, don't forget the minus sign! Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher.
The Net Present Value (NPV) of the proposed investment project is -$38.467177.
What is the Net Present Value of the investment project?Net Present Value (NPV) is a financial metric used to determine the profitability of an investment project. It calculates the present value of expected future cash flows and compares it to the initial investment cost. In this case, the project requires an initial spending of $504 on equipment, which is expected to generate annual after-tax profits of $157 for four years. Additionally, $41 is set aside for unforeseen expenses.
The required rate of return is 10.5%. By discounting the future cash flows and subtracting the initial investment and the salvage value of the equipment, we arrive at the NPV. In this case, the NPV is negative, indicating that the project may not be financially viable given the required rate of return. A positive NPV would suggest the project is expected to generate value for the company.
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Give one example of where protection of an infant industry has been a success and one where it has failed. Consider Ricardo’s theory of trade, the Standard Model, economies of scale, and other models that you consider relevant, but also give a theoretical explanation of why these theories may not apply
The protection of infant industry is a policy that's designed to support emerging or new industries. The policy usually involves a protectionist approach through the imposition of tariffs, subsidies, and other measures to support domestic industries.
The protection of infant industries is usually advocated by developing economies, as they seek to reduce their dependency on developed nations for economic development. In some cases, the policy has been successful, while in others, it has failed.One example of where the protection of an infant industry has been a success is South Korea's steel industry. South Korea’s steel industry was able to compete with established international producers, such as the United States, Japan, and Germany. In the 1970s, South Korea protected its steel industry through tariffs and other protectionist measures. The result was that the industry grew rapidly, and by the 1980s, South Korea had become one of the largest steel producers globally. The success of the South Korean steel industry was due to a combination of factors, such as protectionist measures, economies of scale, and access to cheap labor.An example of where protection of an infant industry has failed is Argentina's automobile industry. In the 1970s, Argentina attempted to protect its automobile industry by imposing high tariffs on imported cars. The result was that the domestic industry grew rapidly, but the quality of cars produced was low, and the prices were high. Consumers chose to purchase imported cars, which were of higher quality, lower priced, and with modern features that the domestically produced cars lacked. The failure of the policy was due to the fact that the industry lacked the economies of scale to compete effectively with established international brands.Theories, such as Ricardo's theory of trade, the Standard Model, and economies of scale, may not apply in some cases, such as when emerging industries lack the critical mass required to compete effectively. Additionally, protectionist policies can lead to inefficiencies and corruption, which can hinder economic development. Therefore, while the protection of infant industries can be successful, policymakers should be careful in implementing protectionist measures to avoid the policy's failure.
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any one of the following factors would cause the ad curve to shift: interest rates / money supply / expectations of consumers or firms / tax rates / government spending / net exports. true or false.
The given statement is True. Any of the following factors can cause the aggregate demand (AD) curve to shift: interest rates, money supply, expectations of consumers or firms, tax rates, government spending, and net exports.
Changes in these factors can impact the overall level of demand in the economy, leading to shifts in the AD curve.Adjustments in the money supply can impact liquidity and spending capacity, altering the level of aggregate demand. Expectations of consumers or firms regarding future economic conditions can influence their spending decisions, leading to shifts in AD. Tax rates and government spending directly affect disposable income and public expenditure, respectively, influencing aggregate demand. Lastly, changes in net exports, influenced by factors such as exchange rates and global economic conditions, can impact the demand for domestic goods and services. Thus, shifts in the AD curve can result from any of these factors affecting the level of overall demand in the economy.Hence, it can be said that the given is true. Any of the following factors can cause the aggregate demand (AD) curve to shift: interest rates, money supply, expectations of consumers or firms, tax rates, government spending, and net exports.
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PLZZZZ HELPP FASST
In what way is the stock market a minor indicator of the health of the economy?
Answer:
Because the stock market is usually irrational.
Explanation:
The stock market is a minor indicator of the health of the economy "because the stock market is usually irrational."
Given that before the stock market crashes, there is usually the placement of high value on stocks, which makes it irrational thereby making it difficult to anticipate the stock market crash.
Hence, it does not serve as the main indicator of the health of the economy.
Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,200 in free cash. The following debts, totaling $43,050, remain:
Government claims to unpaid taxes $ 7,000
Salary during last month owed to Mr. Key (not an officer) 18,825
Administrative expenses 3,450
Salary during last month owed to Ms. Rankin (not an officer) 6,225
Unsecured accounts payable 7,550
Indicate how much money will be paid to the creditor associated with each debt.
In a Chapter 7 bankruptcy scenario for Xavier Company, where all assets have been liquidated and the company retains $26,200 in free cash, the distribution of funds to creditors is determined by the priority of the debts.
1. Government claims to unpaid taxes: $7,000
This debt is given priority and will be paid in full with the available funds of $26,200.
2. Salary during the last month owed to Mr. Key (not an officer): $18,825
This debt is considered a priority claim and will be paid in full with the remaining funds after satisfying the government claim. Therefore, Mr. Key will receive $18,825.
3. Administrative expenses: $3,450
Administrative expenses, such as legal fees or costs associated with the bankruptcy proceedings, are also given priority. The available funds will be used to pay this debt. After paying the government claim and Mr. Key's salary, $26,200 - $7,000 - $18,825 = $400 will remain for administrative expenses. Therefore, $3,450 cannot be fully paid, and the creditor associated with this debt will receive $400.
4. Salary during the last month owed to Ms. Rankin (not an officer): $6,225
This debt is considered a general unsecured claim. Since the available funds have been exhausted by satisfying the higher-priority debts, there is no remaining money to pay this debt. Therefore, Ms. Rankin will not receive any funds.
5. Unsecured accounts payable: $7,550
Similar to Ms. Rankin's salary, this debt is also considered a general unsecured claim. Since there are no funds remaining after satisfying the higher-priority debts, the creditor associated with this debt will not receive any funds.
In summary, the distribution of funds to the creditors associated with each debt will be as follows:
- Government claims to unpaid taxes: $7,000
- Salary during last month owed to Mr. Key (not an officer): $18,825
- Administrative expenses: $400
- Salary during last month owed to Ms. Rankin (not an officer): $0
- Unsecured accounts payable: $0
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Briefly the describe the valuation mechanisms for NFTs and
Metaverseproject.
Valuation in both NFTs and Metaverse projects is dynamic.
And can be subject to market trends, investor sentiment, and the evolving landscape of the digital economy.
The valuation mechanisms mentioned above provide a general overview.
But specific factors can vary depending on the project and its unique characteristics.
Valuation mechanisms for NFTs (Non-Fungible Tokens),
Scarcity and Demand,
The value of an NFT is often driven by its scarcity and the level of demand from collectors or investors.
If an NFT is rare or has a limited edition, it can command a higher value in the market.
Additionally, if there is significant demand for a particular NFT, its value can increase due to competition among buyers.
Authenticity and Ownership,
NFTs are based on blockchain technology, which provides a decentralized and immutable record of ownership.
The uniqueness and provable ownership of an NFT can contribute to its value.
The assurance that a specific digital asset is the original or official version can increase its desirability and, in turn, its valuation.
Reputation and Popularity
The reputation and recognition of the artist or creator associated with an NFT can impact its value.
Well-known artists, celebrities, or established brands in the art, gaming, or entertainment industry may attract more attention.
and higher valuations for their NFTs.
Utility and Functionality,
Some NFTs have inherent utility or functionality within virtual worlds, gaming platforms, or other digital ecosystems.
NFTs that offer unique features, abilities, or access to exclusive content can be more valuable due to usefulness or enhanced user experience.
Valuation mechanisms for Metaverse projects,
Virtual Land Value,
Metaverse projects often include the concept of virtual land, where users can buy, own, and develop digital properties within the virtual world.
The value of virtual land is influenced by factors such as location, size, desirability, and potential for monetization.
Similar to real-world real estate, prime locations or areas with high user traffic can have higher valuations.
Tokenomics and Governance,
Metaverse projects typically have their native tokens that can be used for various purposes within the virtual world.
The tokenomics, including token supply, distribution, and utility, can affect the value of the tokens.
Additionally, governance mechanisms that allow token holders to participate in decision-making processes can contribute to value of project.
User Engagement and Network Effects,
The level of user engagement, activity, and adoption within the Metaverse project can influence its value.
A vibrant and active community, along with a growing user base,
Can increase the value of the project as it attracts more participants and generates network effects.
Partnerships and Integrations,
Collaborations, partnerships, and integrations with other projects or established brands enhance value and credibility of a Metaverse project.
Integration with popular gaming platforms, entertainment franchises, or real-world businesses can attract more users.
and increase the overall valuation of the project.
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You work for a cellphone manufacturing company that has developed a new product. The new cellphone production will last for 7 years. You expect that sales from the new product will generate cash flows of $13.0 million from the first year and that this amount will grow at a rate of 2.0% per year for the next 7 years. If the cost of capital is 5.1% per year, what is the present value of producing this cellphone? Round your answer to the nearest whole number.
Given that the sales from the new cellphone will generate cash flows of $13.0 million in the first year and will grow at a rate of 2.0% per year for the next 7 years. If the cost of capital is 5.1% per year,
we need to find the present value of producing this cellphone.
The present value of the production can be calculated using the formula as shown below:
PV = CF₁ / (1 + r)¹ + CF₂ / (1 + r)² + ... + CFₙ / (1 + r)ⁿ
Where, PV = Present value of cash flows
CF = Expected cash flowr = cost of capital n = Number of periodsPV = 13.0 / (1 + 0.051)¹ + 13.0 × (1 + 0.02) / (1 + 0.051)² + 13.0 × (1 + 0.02)² / (1 + 0.051)³ + 13.0 × (1 + 0.02)³ / (1 + 0.051)⁴ + 13.0 × (1 + 0.02)⁴ / (1 + 0.051)⁵ + 13.0 × (1 + 0.02)⁵ / (1 + 0.051)⁶ + 13.0 × (1 + 0.02)⁶ / (1 + 0.051)⁷PV = $88 million
Therefore, the present value of producing this cellphone is $88 million rounded to the nearest whole number.
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Suppose C = 2000 + 0.75 Yd, T = 200, G = 400 and I = 500. If government spending in Queensland increases by $50, equilibrium output increases by
a.
$800.
b.
$200.
c.
$100.
d.
$400.
2-
Suppose C = 2000 + 0.75 Yd, T = 200, G = 400 and I = 500.The equilibrium level of income in Queensland is
a.
11,000.
b.
5,600.
c.
10,000.
d.
4,800.
3-
Suppose that an economic expansion is underway, and as a result, actual output exceeds the potential output for the economy. Inflationary pressures are building. An appropriate fiscal policy would most likely result in
a.
a reduction in the government's budget.
b.
an increase in the government's budget surplus or at least a reduction in its deficit.
c.
Either an increase in the government's budget deficit or a decrease in its surplus, depending on whether taxes increased or spending decreased.
d.
an increase in the government's budget.
1) If government spending in Queensland increases by $50, equilibrium output increases by $200.The answer is b. $200.2)The equilibrium level of income in Queensland is C) $10,000.3) Option b) an increase in the government's budget surplus or at least a reduction in its deficit.
1)The increase in government spending increases the aggregate expenditure which leads to the increase in equilibrium output. The government spending multiplier is 4.
This means that for every $1 increase in government spending, there will be a $4 increase in equilibrium output. Therefore, an increase of $50 in government spending would lead to an increase in equilibrium output by $200 (50 × 4).
2) The equilibrium level of income in Queensland is $10,000.The formula to calculate equilibrium output is:
Y = C + I + G + NX
Here, C = 2000 + 0.75 Yd, T = 200, G = 400, and I = 500
Substituting the given values in the formula, we get:Y = [2000 + 0.75(Y - 200)] + 500 + 400
By solving the equation, we get:Y = 10000
Therefore, the equilibrium level of income in Queensland is c) $10,000.
3) An increase in the government's budget surplus or at least a reduction in its deficit is the appropriate fiscal policy when an economic expansion is underway, and as a result, actual output exceeds the potential output for the economy. Inflationary pressures are building.
The appropriate fiscal policy is to either increase the government's budget surplus or reduce its deficit. This can be done by either reducing government spending or increasing taxes.
This will reduce aggregate demand and control inflation. Therefore, option (b) is the correct answer.
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A donut shop is considering opening a new location in the area. It has estimated the required immediate investment into this project, as well as future revenues and expenses. The manager also believe that an immediate investment of $276 in net working capital would be required to support the project. It will be necessary to increase the net working capital by $41 in each subsequent year. In the final year, which is Year 7, the net working capital will be recovered.
How much net working capital will be recovered at the end of the final year of this project?
The amount of net working capital that will be recovered at the end of the final year of the project is $276.
The formula to calculate net working capital is:
NWC= Current Assets - Current Liabilities
Given that the net working capital in the initial year is $276, it increases by $41 in each subsequent year of the project, until the final year when it is recovered.
Therefore, the amount of net working capital in Year 7 is the same as it was in the initial year, which is $276. So, the net working capital that will be recovered at the end of the final year of this project is $276.
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Who is responsible for cyber security in the enterprise? And reviewing the articles on cyber security and data privacy do your own research. Define what you Information technology security, Information security, and Enterprise security means in the business world today. Discuss the role you believe enterprises have, if any, using your research to support it.
Cyber security in the enterprise is a shared responsibility involving IT security, information security, and enterprise security teams.
In the business world today, the responsibility for cyber security in an enterprise typically falls on a combination of different stakeholders and departments. While the exact allocation of responsibility may vary depending on the organization, there are several key roles involved in ensuring effective cyber security.
Information Technology (IT) Security: IT security teams are responsible for safeguarding the enterprise's technology infrastructure, systems, and networks.
They implement security measures, such as firewalls, intrusion detection systems, and encryption protocols, to protect against cyber threats. IT security professionals also conduct vulnerability assessments, manage access controls, and respond to incidents.
Information Security: Information security encompasses the protection of sensitive data and information assets within an organization.
This includes implementing data classification and access controls, enforcing data privacy regulations, and managing encryption and data loss prevention mechanisms. Information security teams focus on securing data at rest, in transit, and in use.
Enterprise Security: Enterprise security takes a holistic approach to security by considering the organization as a whole, including its people, processes, and technologies.
It involves establishing security policies and procedures, conducting risk assessments, and ensuring compliance with industry standards and regulations. Enterprise security may also involve physical security measures, such as surveillance systems and access controls.
Enterprises have a critical role to play in cyber security. They are responsible for establishing a strong security culture, providing resources and support to security teams, and ensuring that cyber security is integrated into business operations.
Enterprises need to invest in robust security technologies, regularly update and patch systems, and educate employees about cyber threats and best practices. Additionally, enterprises must stay updated on emerging threats and adapt their security strategies accordingly.
Research supports the notion that enterprises have a significant role to play in cyber security. Studies have shown that organizations with strong security postures are more resilient to cyber attacks and experience fewer security incidents.
Moreover, the cost of a data breach or cyber attack can be substantial, both in terms of financial losses and damage to reputation. By prioritizing cyber security, enterprises can protect their assets, maintain customer trust, and mitigate potential risks and consequences associated with cyber threats.
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patrick and kelsey are married filing jointly in 2020. patrick
works at a car dealership, and kelsey is a nurse at a hospital.
during the year. they received $145000 in totL(together) for
salaries fro
The total recognition gross income for Patrick and Kelsey in 2020 is $158950. Therefore, the correct option is C.
The total recognition gross income for Patrick and Kelsey in 2020 can be calculated as follows:
Salary earned from their employers = $145000
Employer's portion of health insurance premium = $2150
Income from inheritance = $11800
Total recognition gross income = Salary earned from their employers + Employer's portion of health insurance premium + Income from inheritance
Total recognition gross income = $145000 + $2150 + $11800= $158950
Therefore, the total recognition gross income for the couple in 2020 is $158950 which corresponds to option C.
Note: The question is incomplete. The complete question probably is: patrick and kelsey are married filing jointly in 2020. patrick works at a car dealership, and kelsey is a nurse at a hospital. during the year. they received $145000 in total(together) for salaries from their employers. in addition, the hospital Kelsey worked for pay $2150 for the employers portion of their medical and dental health insurance premiums. finally, Kelseys grandmother passed away and left her $11800. Determine the total recognition gross income for patrick and kelsey in 2020. a. $147150 b. $156800 c. $158950 d. none of the answer.
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When obtaining evidence about accounts receivable, auditors should primarily focus on testing the valuation assertion.
a. True
b. False
When obtaining evidence about accounts receivable, auditors should not primarily focus on testing the valuation assertion.
the correct answer is False.
When obtaining evidence about accounts receivable, auditors should primarily focus on testing multiple assertions, including:
1. Existence: Ensuring that the recorded accounts receivable actually exist and represent valid claims against customers.
2. Completeness: Verifying that all relevant accounts receivable are recorded and no significant items are omitted.
3. Valuation: Assessing whether the accounts receivable are properly valued, considering factors like potential bad debts, discounts, and allowances.
4. Rights and Obligations: Confirming that the company has legal ownership or rights to the accounts receivable and that they are not subject to any restrictions or pledges.
5. Presentation and Disclosure: Evaluating whether the accounts receivable are presented and disclosed in accordance with applicable accounting standards and regulations.
While the valuation assertion is one important aspect, auditors should consider all relevant assertions to obtain reasonable assurance about the accounts receivable balance and its presentation in the financial statements.
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Lars Linken opened Flounder Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 1 1 2 3 6 14 18 20 21 28 31 31 Owner invested $12,600 cash in the company. Borrow
Lars Linken started Flounder Cleaners with $12,600 cash on March 1, 2022. He also took a loan from the bank on the same day. Here are some of the transactions he made in March. Mar. 1 1 1 2 3 6 14 18 20 21 28 31 31 He bought cleaning supplies for $1,200 cash. He paid $3,600 cash for a one-year insurance policy. He rented a building and paid $2,400 cash for the first month's rent. He purchased equipment for $16,000, paying $4,000 in cash and signing a note payable for the rest. He hired an employee who began working on March 6. He paid the employee $1,900 cash as wages for March. He received $4,800 cash from customers for cleaning services. He billed customers $6,000 for cleaning services performed. He paid $500 cash for maintenance of the equipment. He withdrew $1,000 cash for personal use. He received a $600 bill for utilities that will be paid in April. He paid $2,000 cash on the note payable. He paid $300 cash for dividends.
About DividendsDividends is the distribution of company profits to shareholders based on the number of shares owned. This distribution will reduce retained earnings and available cash for the company, but the distribution of profits to owners is indeed the main goal of a business.
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A monopoly sells its good in the United States, where the elasticity of demand is -2, and in Japan, where the elasticity of demand is -5. Its marginal cost is $10. At what price does the monopoly sell its good in each country if resale is impossible?
The monopoly sells its good in the United States for $15 and in Japan for $12 if resale is impossible.
When resale is impossible, the profit-maximizing price for a monopoly is
P = MC (1 + 1/|E|)
where P is price, MC is marginal cost, and E is the elasticity of demand.
Now, using this formula, let's calculate the price at which the monopoly sells its good in the United States and Japan:
United States:
P = $10 (1 + 1/|-2|)P = $10 (1 + 1/2)P = $10 (3/2)P = $15
Japan:
P = $10 (1 + 1/|-5|)P = $10 (1 + 1/5)P = $10 (6/5)P = $12
In conclusion, the monopoly sells its good in the United States for $15 and in Japan for $12 if resale is impossible.
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Draw a market demand curve and market supply curve for automobiles and label these curves D, and Si, respectively.
Costs of production for automobile manufacturers will increase if they provide health insurance for all their workers. Increase in costs will impact the supply curve for automobiles.
The S1 would shift towards the left (decrease) because manufacturers will need to charge higher prices to cover the additional expenses and cost of providing insurance. This will cause shift indicating decrease in the quantity supplied at each price level. The demand curve D1 will not be directly affected by the change. Thus, it will remain unchanged.
The new supply curve (S2) will be positioned on the left side of the original supply curve, implying decrease in supply due to the increased costs.
The intersection point between S2 and D1 will determine the new equilibrium price and quantity after the change. The equilibrium price would be higher indicating the increased costs of production and the equilibrium quantity would be lower.
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The complete question is:
Draw a market demand curve and market supply curve for automobiles and label these curves D1 and S1, respectively.
On the same graph, show what would happen if the auto workers union required all manufacturers of automobiles to now provide health insurance for ALL workers and their dependents. (Note: Assume that prior to this change, manufacturers of automobiles do NOT provide health insurance coverage to 100 percent of their employees and/or their dependents.)
Think about whether you think this change would affect the demand curve or the supply curve for automobiles, and then consider in which direction you think the curve should shift. Draw a new curve and use a subscript 2 to identify it as the new demand (D2) or supply (S2), whichever is appropriate.
Be sure to label: Both axes, the original equilibrium price and quantity before the change, the new equilibrium price and quantity after the change
Q1. You work in the investment bank. 'You have been asked to make a dividend payment to a customer for a security they held . They were supposed to receive 70usd, but they only received 20usd. You Informed the client that the settlement department is activately addressing the problem, and provided the information why the issue happened.You inform the client that the settlements team is Investigating the problem and reassure them that they will be paid as soon as possible. The following day, the settlements team tells you that there was an error in the calculations and that this has impacted 20% of alI clients that were supposed to receive this dividend payment,The settlements team asks how you would like to respond to the client.
Please choose the best effective solution and least effective solution respectively.
1.Call the client and Inform him that this problem was a calculation error that has now been fixed. He will be repaid the correct amount shortly and this error should not
2.Call the client and to protect the Bank's positive image. inform him that the mistake occurred due to a third party vendor's miscalculation
3.Ask the settlements team to contact the client and Inform. him that the Issue has been resolved and that he should receive his correct dividend payment shortly.
Q2-a.You work in the investment bank. A client urgently seeks to pick up money from his trust fund. Your senior colleague always deals with this type of business, but he is not available for 3hours. You find the fund alone, and find it has been set up in a way which means the client cannot access the fund by himself, but either of two children could. However, there could be legal repercussion for the firm.
Please choose the best effective solution and least effective solution respectively.
1.See whether another senior colleague is advice you how to deal with the issue.
2. Explain to the client that he is not able to access his fund, because of the fund setting
3. Explain to the customer, due to the way the fund sets up, only his children are able to access
Q2-b. The client prefers to wait until the usual senior colleague is available. he asks you about discrepancy in the transaction process report.
These figures connect to the client's investments, so you appreciate his concern. you understand unresolved internal reconciliation problem that may be to blame. However, the your knowledge about the field is limited. However, your manager is part of a task-force that is search for the issue.
Please choose the best effective solution and least effective solution respectively.
1.Transfer to the call to your senior manager, including a clear overview of the customer's issue.
2. Say you will investigate and respond to the client with a detailed response.
3. Tell the customer what you know and say you will provide additional information if needed.
Q2-c. You Investigate the possibility that an Internal reconciliation error might have caused the discrepancies In the client's transaction process, A figure that should have been S1,000 is showing as $700 on one system. Further investigation suggests that the source data has been extracted incorrectly.
Please choose the best effective solution and least effective solution respectively.
1. Seek advice from your manager about how to resolve the issue.
2.Conclude that it is an IT problem and pass it to the IT department to resolve
3.Examine the source data yourself to see what may have gone wrong.
Q1. The best effective solution is: Call the client and inform him that this problem was a calculation error that has now been fixed. He will be repaid the correct amount shortly, and this error should not happen again.
The least effective solution is:
2. Call the client and, to protect the Bank's positive image, inform him that the mistake occurred due to a third-party vendor's miscalculation.
Q2-a. The best effective solution is:
3. Explain to the customer that due to the way the fund is set up, only his children are able to access it.
The least effective solution is:
2. Explain to the client that he is not able to access his fund because of the fund setting.
Q2-b. The best effective solution is:
3. Tell the customer what you know and say you will provide additional information if needed.
The least effective solution is:
2. Say you will investigate and respond to the client with a detailed response.
Q2-c. The best effective solution is:
3. Examine the source data yourself to see what may have gone wrong.
The least effective solution is:
2. Conclude that it is an IT problem and pass it to the IT department to resolve.
In each case, the best effective solutions involve clear communication with the client, taking responsibility for the issue, and providing relevant information or resolving the problem directly. The least effective solutions involve deflecting blame, not taking immediate action, or not investigating the issue thoroughly.
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TRUE / FALSE. "According to Maslow, few ever self-actualize. Thoreau thinks everyone is capable of moving to actualization that higher incomes are not so crucial to do this. True False
Confucius, like Plato, suppor"
The first two statements are generally true, while the third statement lacks clarity and context.
According to Maslow, few ever self-actualize: This statement is generally true. Maslow's hierarchy of needs proposes that self-actualization is the highest level of psychological development, but only a small percentage of individuals actually reach this stage.
Thoreau thinks everyone is capable of moving to actualization and that higher incomes are not crucial to do this: This statement is true. Henry David Thoreau, a b philosopher, emphasized the importance of self-discovery, simplicity, and living according to one's own values rather than pursuing material wealth.
Confucius, like Plato, supports...: The statement is incomplete and doesn't provide transcendentalist information on what Confucius supports or how it relates to Plato. Confucius and Plato were both influential philosophers, but their beliefs and perspectives on various topics differed significantly.
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which of the following should not be included in PESTLE analysis
PESTLE analysis is an external analysis and is focused on identifying the external factors that could impact the organization. Internal factors such as organizational structure, company analysis, and internal policies, should not be included in a PESTLE analysis.
PESTLE analysis is a strategic tool that is used for evaluating the external environment surrounding an organization. PESTLE stands for Political, Economic, Sociological, Technological, Legal, and Environmental. These external factors can have a significant impact on the operations and success of the organization.
The purpose of PESTLE analysis is to identify the external forces that can have a direct impact on the organization, and the information collected through this process can be used to make better strategic decisions. While all of the six factors are important to consider in a PESTLE analysis, there is one factor that should not be included, and that is "internal factors."
PESTLE analysis is an external analysis and is focused on identifying the external factors that could impact the organization. Internal factors such as organizational structure, company culture, and internal policies, should not be included in a PESTLE analysis.
Instead, internal factors should be evaluated using a SWOT analysis, which is a tool that focuses on the internal strengths and weaknesses of an organization. SWOT analysis is often used in combination with PESTLE analysis to create a comprehensive view of an organization's external and internal environment.
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what is this answer?
Scooby Snacks issues 10,000 of $20 par value common stock for $50 per share. Record the issuance of common stock: Debit Credit [Select] [Select] [Select] [Select] [Select] [Select]
The issuance of common stock is Debit Cash - $500,000, Credit Common Stock - $200,000, Credit Additional Paid-in Capital - $300,000.
When a company sells a security or financial instrument that represents ownership of a part of the company is called stock. The stock that is issued when a company is incorporated for the first time is called the common stock. Issuing stocks allows companies to raise funds from investors to finance their businesses. Here in the given question, Scooby Snacks issues 10,000 of $20 par value common stock for $50 per share.
Let’s record the issuance of common stock.The journal entry for the issuance of common stock is as follows:
Debit Cash - $500,000
Credit Common Stock - $200,000
Credit Additional Paid-in Capital - $300,000
To calculate the debit and credit amount we need to understand the values given in the question. The company has issued 10,000 shares of common stock, and the par value of one share of stock is $20. The market value of the stock is $50 per share.
Therefore, the total value of the stocks issued by the company is:
10,000 shares × $50 per share = $500,000
The accounting equation can be used to record the transaction. The issuance of stock increases the assets of the company in the form of cash and equity, the two accounts that are affected by this transaction are Cash and Common Stock. In this transaction, the Cash account will be debited by $500,000. The credit side of the journal entry for the issuance of common stock is divided into two parts:
par value of the shares and the additional paid-in capital account.
The common stock account will be credited $200,000, and the additional paid-in capital account will be credited by $300,000.Thus the journal entry for the issuance of common stock is as follows:
DebitCash - $500,000
CreditCommon Stock - $200,000
Additional Paid-in Capital - $300,000
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Rood Roalty is considering a project that has the following cash flow and WACC data. Determine the project's NPV A MIRR and advice management to reject the project WACC 796 Year 0 1 2 3 Cash flows -$4,500 S5,500 SS,500 S5.500 $3.000 $2.000
The MIRR IS 9.38%.
The net present value (NPV) and modified internal rate of return (MIRR) are important tools used to determine the feasibility of a project by calculating the total value of its cash inflows and outflows.
The following are the calculations for Rood Roalty's project:
Calculation of the project's NPV:
To calculate the project's net present value (NPV), the present value of the project's cash inflows and outflows must be determined.
Using the project's weighted average cost of capital (WACC) of 7.96 percent, the present value of each cash flow is determined as follows:
Year 0 cash flow = -$4,500Present value = -$4,500 / (1 + 7.96%)^0 = -$4,500
Year 1 cash flow = $5,500Present value = $5,500 / (1 + 7.96%)^1 = $5,072.11
Year 2 cash flow = $5,500Present value = $5,500 / (1 + 7.96%)^2 = $4,678.64
Year 3 cash flow = $5,500Present value = $5,500 / (1 + 7.96%)^3 = $4,291.32
Year 4 cash flow = $3,000Present value = $3,000 / (1 + 7.96%)^4 = $2,161.28
Year 5 cash flow = $2,000Present value = $2,000 / (1 + 7.96%)^5 = $1,466.05
NPV = Sum of present values of cash inflows - Sum of present values of cash outflows
NPV = $5,072.11 + $4,678.64 + $4,291.32 + $2,161.28 + $1,466.05 - $4,500 = $14,169.40
Since the project's NPV is positive, it is worthwhile to pursue it.
Calculation of the project's MIRR:
To calculate the project's modified internal rate of return (MIRR), we must first calculate its terminal value, which is the future value of the project's cash inflows at the end of the project's life.
The terminal value is determined as follows:
Year 3 cash flow = $5,500 Future value = $5,500 x (1 + 7.96%)^2 = $6,388.76
Year 4 cash flow = $3,000 Future value = $3,000 x (1 + 7.96%)^1 = $3,239.45
Year 5 cash flow = $2,000Future value = $2,000 x (1 + 7.96%)^0 = $2,000
Terminal value = $6,388.76 + $3,239.45 + $2,000 = $11,628.21
Next, we use the terminal value to calculate the MIRR. MIRR is calculated as the discount rate at which the present value of the terminal value and the initial cash outflow equals the present value of the cash inflows discounted at the MIRR. Using trial and error, the MIRR is found to be 9.38%.
Advice for management: Since the project's NPV is positive, it is advisable to pursue the project. Furthermore, since the project's MIRR exceeds the WACC, the project will add value to the firm, so management should accept the project.
Therefore, the MIRR IS 9.38%.
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Early in 2019, Feller Corporation was formed with authorization to issue 50,000 shares of $1 par value common stock. All shares were issued at a price of $8 per share. The corporation reported net income of $95,000 in 2019, $27,500 in 2020, and $75,700 in 2021. No dividends were declared in any of these three years.
In 2020, the company purchased its own shares for $35,000 in the open market. In 2021, it reissued all of its treasury stock for $40,000.
Required:
a. Prepare the stockholders’ equity section of the balance sheet at December 31, 2021.
b. As of December 31, compute the company’s book value per share of common stock.
c. How the treasury stock transactions in 2020 and 2021 were reported in the company’s statement of cash flows.
a. The stockholders’ equity section of the balance sheet at December 31, 2021 would include a total stockholders’ equity of $588,200.
b. As of December 31, the company’s book value per share of common stock is $12.255 per share.
c. The treasury stock transactions in 2020 and 2021 are reported in the financing activities of company’s statement of cash flows as $35,000 and $40,000 respectively.
a. Stockholders’ equity section of the balance sheet at December 31, 2021
Common stock ($1 par value; 50,000 shares authorized; 48,000 shares issued and outstanding) $48,000
Additional paid-in capital ($7 × 48,000) $336,000
Retained earnings $ 204,200
Total stockholders’ equity $588,200.
b. As of December 31, the company’s book value per share of common stock is calculated as follows:
Total stockholders’ equity ÷ Number of shares outstanding.
Book value per share of common stock= $588,200 ÷ 48,000 = $12.255 per share.
c. Treasury stock transactions are reported in the financing activities section of the statement of cash flows. The company will report a cash outflow of $35,000 in the financing activities section of the 2020 statement of cash flows for the purchase of treasury stock. Furthermore, in the financing activities section of the 2021 statement of cash flows, the company will report a cash inflow of $40,000 for the reissuance of treasury stock.
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Contests are a specific form of the key Media Integration techniques of which involves paying for mailing lists of potential customers, or selecting target markets or buying subscriber lists on social media sites to whom advertisements will be shown Multiple Choice a. lead generation b. media kits c. sales promotions d. co-branding
Contests are a particular form of the key Media Integration techniques of lead generation that involves paying for mailing lists of potential customers, or choosing target markets or buying subscriber lists on social media sites. The right answer is a.
In order to improve future sales, lead creation involves engaging potential consumers' interest. It is an essential step in many businesses' sales processes. Modern lead generation has made it possible for businesses to gather data on prospective clients and customise marketing plans and sales presentations to suit client requirements.
Sales lead generation is a way to access audience potential and locate customers who have already shown interest in the company's goods and services. Additionally to providing a wonderful opportunity to gather information about your prospects, it can help raise brand recognition.
The correct answer is option a.
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The question seems incomplete. The complete question is:
Contests are a specific form of the key Media Integration techniques of __________ which involves paying for mailing lists of potential customers, or selecting target markets or buying subscriber lists on social media sites to whom advertisements will be shown.
a. lead generation
b. media kits
c. sales promotions
d. co-branding
When faced with a moral decisions, employees should follow the two-step procedure of identifying:
When faced with moral decisions, employees should follow the two-step procedure of identifying:
1. The ethical issue or dilemma: This involves recognizing and understanding the moral problem at hand, considering the potential consequences, and evaluating the ethical principles or values that may be involved.
2. Moral judgment and decision-making: After identifying the ethical issue, employees should consider different perspectives, weigh the pros and cons, and make a moral judgment based on their personal values, ethical principles, and the potential impact on stakeholders.
By following this two-step procedure, employees can systematically analyze moral decisions, consider the ethical implications, and make informed choices that align with their values and ethical standards.
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Provide the name of two business competitors that manufacture and sell the same product. Be sure to name the products.
Answer:
1. Coke vs Pepsi: product include Cold Beverage
2. Nike vs Reebok: product include sporting goods