The workers and laborers who worked in the factories did not benefit much. However, over time, the situation has improved, and the workers and laborers have been able to secure better working conditions and wages.
The Industrial Revolution brought about tremendous changes in the social and economic lives of people. The revolution started in the mid-1700s in Europe and the United States and then spread to Russia and Latin America. It transformed the agricultural societies of the time into modern industrial societies and also helped to increase economic growth, improve health, and reduce poverty. The Industrial Revolution brought in its wake a lot of changes in society and the economy.
The social and economic changes that took place as a result of the Industrial Revolution in Europe, the United States, Russia, and Latin America can be analyzed as follows :Economic Changes Europe and the United States benefited greatly from the Industrial Revolution. It enabled them to manufacture goods on a large scale and helped them to expand their markets. The revolution led to the growth of factories, which enabled mass production. The workers were paid wages and were not dependent on farming for their livelihood anymore.
Russia and Latin America were unable to keep up with the pace of industrialization in Europe and the United States. They remained primarily agrarian societies. Russia remained backward due to the political and economic structure of the country. Latin America remained backward due to the social and political structure of the continent. Social Changes The Industrial Revolution also brought about significant social changes.
The changes were different in different countries. In Europe and the United States, the standard of living of the people improved significantly. The rise of factories and manufacturing industries led to the growth of towns and cities, and people from rural areas migrated to these towns and cities. This led to the development of new social classes, which included factory owners and industrialists.
Women and children were also employed in the factories as laborers. In Russia, the industrial revolution did not lead to significant social changes. The country remained an autocracy, and the working conditions of the laborers remained poor. In Latin America, the industrial revolution led to the development of new social classes, including the urban middle class, the working class, and the rural peasantry.
The growth of these new classes led to significant social changes, including the emergence of political movements that advocated for change. In conclusion, the Industrial Revolution had far-reaching consequences for society and the economy. It led to significant social and economic changes in different parts of the world. The changes were different in different countries. The benefits of the industrial revolution were enjoyed mainly by the factory owners and industrialists.
To know more about laborers visit:
https://brainly.com/question/984683
#SPJ11
The following list of items appear on the balance sheet of Crunched Auto Body Repair Shop, which has a 12-month operating cycle. Select the proper classification of each item as follows: C if it is a current liability, L if it is a non-current liability, or N if it is not a liability. Classification Item a. Wages payable. | b. Notes payable in 60 days. C. Mortgage payable (payments due in the next 12 months). d. Notes receivable in 90 days. e. Note payable (matures in 5 years). f. Mortgage payable (payments due after the next 12 months). g. Notes payable due in 18 months. Income taxes payable. Estimated warranty liability. j. Allowance for doubtful accounts.
It is not a liability but rather an adjustment to the asset accounts receivable.
Here's the classification of each item as requested:
Wages payable: C (Current liability) - Wages payable represents the amount owed by Crunched Auto Body Repair Shop to its employees for the work they have performed but haven't been paid yet. Since it is expected to be settled within the operating cycle of 12 months, it is classified as a current liability.
Notes payable in 60 days: C (Current liability) - Notes payable in 60 days refers to the amount Crunched Auto Body Repair Shop owes to creditors that is due within the next 60 days. Since it falls within the operating cycle of 12 months, it is considered a current liability.
Mortgage payable (payments due in the next 12 months): C (Current liability) - Mortgage payable refers to the portion of the mortgage debt that needs to be paid within the next 12 months. Since it is due within the operating cycle, it is classified as a current liability.
Notes receivable in 90 days: N (Not a liability) - Notes receivable represents the amount Crunched Auto Body Repair Shop expects to receive from other parties within 90 days. It is an asset, not a liability.
Note payable (matures in 5 years): L (Non-current liability) - Note payable that matures in 5 years represents a long-term obligation of Crunched Auto Body Repair Shop. As it extends beyond the operating cycle, it is classified as a non-current liability.
Mortgage payable (payments due after the next 12 months): L (Non-current liability) - Mortgage payable refers to the portion of the mortgage debt that is due after the next 12 months. Since it extends beyond the operating cycle, it is considered a non-current liability.
Notes payable due in 18 months: L (Non-current liability) - Notes payable due in 18 months represents a long-term obligation of Crunched Auto Body Repair Shop. As it extends beyond the operating cycle, it is classified as a non-current liability.
Income taxes payable: C (Current liability) - Income taxes payable represents the amount Crunched Auto Body Repair Shop owes to the tax authorities for income taxes incurred but not yet paid. It is expected to be settled within the operating cycle, making it a current liability.
Estimated warranty liability: C (Current liability) - Estimated warranty liability refers to the amount that Crunched Auto Body Repair Shop expects to incur in fulfilling warranty obligations for its products. Since it is expected to be settled within the operating cycle, it is classified as a current liability.
Allowance for doubtful accounts: N (Not a liability) - Allowance for doubtful accounts is a contra-asset account that is used to estimate the portion of accounts receivable that may not be collectible.
for such more questions on liability
https://brainly.com/question/14921529
#SPJ11
Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 7.04% (annual coupon payments) and a face value of $1,000. Andrew believes it can get a rating of A from Standard & Poor's. However, due to recent financial difficulties at the company. Standard & Poor's is warning that it may downgrade Andrew Industries' bonds to BBB. Yields on A-rated, long-term bonds are currently 6.42%, and yields on BBB-rated bonds are 6.77% a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? b. What will be the price of the bond if it is downgraded? CHRESCH a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? If Andrew maintains the A rating for the bond issue, the price of the bond is S (Round to the nearest cent.) b. What will be the price of the bond if it is downgraded? If it is downgraded, the new bond's price will be $ (Round to the nearest cent.)
If Andrew Industries maintains the A rating for the bond issue, the price of the bond will be approximately $1,614.13.
How to solve for the bond issueCoupon Payment = $1,000 * 7.04% = $70.40 (annual coupon payment)
Yield = 6.42% (A-rated yield)
n = 30 (number of periods)
Let's plug in the values into the formula:
PV = ($70.40 / 0.0642) * (1 - (1 / (1 + 0.0642)^30)) + ($1,000 / (1 + 0.0642)^30)
Calculating the expression:
PV ≈ $70.40 / 0.0642 * (1 - 0.457198) + $1,000 / 1.457198
PV ≈ $1,098.36 + $515.77
PV ≈ $1,614.13
Therefore, if Andrew Industries maintains the A rating for the bond issue, the price of the bond will be approximately $1,614.13.
Read more on bond issue here: https://brainly.com/question/29572297
#SPJ4
1. 'Funding in full' proposed by Alexander Hamilton is a bad idea because it would
benefit the mercantile, financial elite, and speculators.
2. Participants in financial markets often make buy and sell decisions in accordance
with the assumptions of rationality and utility maximization.
3. Financial derivatives can worsen trouble that a corporation has run into for
completely unrelated reasons.
4. Myopic loss aversion is manifested in the phenomenon by which investors hold on
to losing stocks too long, while sell gaining stocks too quickly.
5. As the name suggests, stablecoins are usually traded around a pegged value, for
instance, 1Tether = 1USD, thus creating a new channel for households to store their
wealth.
6. Retail investors can actively trade in money markets and stock markets.
7. In repos, if the borrowing party fails to purchase back the securities used as
collateral, the lending party would bear the loss of the loaned amount.
8. During the Covid19 pandemic, SPAC IPOs emerged and became a preferred
approach for companies to go public because it is cost-saving and less-time
consuming compared to traditional IPOs.
9. According to James Carville, bond markets can intimidate everybody.
10. One of the potential benefits of Central Bank Digital Currencies (CBDCs) is to
reduce illegal activity.
'Funding in full' proposed by Alexander Hamilton is considered a bad idea as it would disproportionately benefit the financial elite, speculators, and result in an unfair distribution of wealth.
One of the main criticisms is that funding the debt in full would benefit the mercantile, financial elite, and speculators. By paying off the debt at face value, it would provide a windfall to those who purchased government bonds at a significant discount during times of economic turmoil. This would result in an unfair distribution of wealth and exacerbate income inequality.
Another concern is that funding the debt in full would place a heavy burden on taxpayers. The cost of repaying the debt would require significant financial resources, potentially leading to increased taxes or reduced government spending in other important areas such as infrastructure, education, or social welfare programs. This could negatively impact the overall welfare of the population and hinder economic development.
Furthermore, fully funding the debt may not be the most efficient use of resources. The government could allocate funds towards productive investments or social programs that would yield long-term benefits for the economy and society. Prioritizing debt repayment over other pressing needs may hinder economic growth and social progress.
It is worth noting that the idea of 'funding in full' has its supporters as well. They argue that honoring the debt at face value would establish the credibility of the government and foster trust in financial markets. It could also provide stability and attract foreign investors.
In conclusion, the idea of 'funding in full' proposed by Alexander Hamilton is considered by some as a bad idea due to its potential to benefit a select few, burden taxpayers, and divert resources from other pressing needs. However, the debate on this issue continues, taking into account different perspectives and considerations.
To learn more about Funding in full refer here:
https://brainly.com/question/32498613
#SPJ11
On January 4, Year 1, Ferguson Company purchased 72,000 shares of Silva Company directly from one of the founders for a price of $55 per share. Silva has 200,000 shares outstanding, including the Daniels shares. On July 2, Year 1, Silva paid $176,000 in total dividends to its shareholders.
Required:
Provide the Ferguson Company journal entries for the transactions involving its investment in Silva Company during Year 1.
Jan. 4, Year 1: Credit Cash $3,960,000; Debit Investment in Silva Company $3,960,000; July 2, Year 1: Debit Dividend Receivable $140,000; Credit Investment in Silva Company $3,960,000.
What are the journal entries during the first year of the Ferguson Company's investment in Silva Company?At a cost of $55 per share on January 4, Year 1, Ferguson Company paid one of the founders personally for 72,000 shares of Silva Company. Calculating the cost of the investment as 72,000 shares times $55 yields $3,960,000 as the total cost of the investment. The acquisition of the shares is noted in the journal entry, which credits the Cash account and debits the Investment in Silva Company account.
Year 1 Silva Company distributed a total of $176,000 in dividends to its shareholders on July 2. to document the Ferguson Company.
Learn more about Silva Company
brainly.com/question/15843300
#SPJ11
A company that uses job order costing incurred a monthly factory payroll of $200,500. Of this amount. $60,000 is indirect labor and $140,500 is direct labor Prepare journal entries to record the (a) use of direct labor and (b) use of indirect labor.
(a) Journal entry to record the use of direct labor:
Date: [Date of Entry]
Direct Labor Expense $140,500
Payroll Payable $140,500
This journal entry recognizes the use of direct labor in the production process. Direct labor is an essential component of job order costing, as it directly contributes to the creation of specific products or jobs. The Direct Labor Expense account is debited to reflect the increase in labor costs, and the Payroll Payable account is credited to show the liability to pay the employees.
(b) Journal entry to record the use of indirect labor:
Date: [Date of Entry]
Indirect Labor Expense $60,000
Payroll Payable $60,000
This journal entry records the use of indirect labor in the production process. Indirect labor includes the wages of employees who are not directly involved in the manufacturing of specific products but still contribute to the overall operations of the company. The Indirect Labor Expense account is debited to recognize the increase in indirect labor costs, and the Payroll Payable account is credited to indicate the liability for payment.
You can learn more about Journal entry at
https://brainly.com/question/28390337
#SPJ11
Responded to the question "Explain the concept of natural rights and social contract and whether or not you believe that exists in today's society. Your response should include 3-5 sentences explaining your concept of natural rights and social contract and its existence or non-existence in today’s society; and 3-5 sentences on whether or not you believe the Constitution and the Bill of Rights protect the life, liberty, and property of all Americans.
Responded to a minimum of two classmates. Responses to classmates must include a minimum of 3 sentences.
Any responses with less than the minimum requirement will receive ½ points
The concept of natural rights and social contract pertains to the basic human rights that every individual possesses and the agreement that individuals make to establish a society governed by laws that protect these rights.
Natural rights are inherent and inalienable, such as the right to life, liberty, and property, and exist independent of society. Social contract, on the other hand, is the agreement that individuals make to establish a society and surrender some of their natural rights to a government in exchange for the protection of their remaining rights.
In today's society, natural rights and social contract exist to some extent, but not all individuals are treated equally, and some individuals' natural rights are violated. Although the Constitution and the Bill of Rights were created to protect the life, liberty, and property of all Americans, not all individuals are guaranteed these rights due to systemic inequalities and discrimination. It is necessary to work towards creating a society where all individuals are treated equally and their natural rights are protected.
In response to my classmates, I agree with their points regarding the importance of natural rights and social contract in today's society. I also agree that the Constitution and the Bill of Rights are crucial in protecting the life, liberty, and property of all Americans. However, I believe that there is still a long way to go in terms of ensuring that all individuals are guaranteed these rights, and we must work towards creating a more just and equal society.
Know more about the Natural rights click here:
https://brainly.com/question/20887193
#SPJ11
A home improvement store has an assembled kids playset on display. There
are no signs waming parents not to let their kids play on it. When a child
climbs on the playset, it collapses and the child breaks her wrist. The playset
was not assembled properly for use because it was only for display. Is the
home improvement store negligent?
A. Yes. The store has a duty of care to provide a safe environment
and not assembling the playset correctly or putting up warning
signs is a breach of duty. The breach caused the playset to
collapse and resulted in harm to the child.
O B. Yes. Home improvement stores are held to a higher standard of
care than other stores because they sell some dangerous items.
Even though a reasonable person wouldn't climb the playset, the
store is still negligent.
O C. No. Home improvement stores do not have a duty to ensure the
safety of their customers because they sell some dangerous
items. Without duty to the customer, the store cannot be negligent.
OD. No. The store is not in violation of a breach of duty because
customers should know never to climb on or use anything on
display in a store. Without breach of duty, the store is not
negligent
Answer:
a. yes. the store has a duty of care to provide a safe environment and not assembling the playset correctly or putting up a sign is a breach of duty. and it resulted in harm.
Explanation:
a p e x
in areas where entities provide both water and sewage services, having a separate meter for irrigation water will result in an overall lower bill.
Having a separate meter for irrigation water in areas where entities provide both water and sewage services can potentially result in an overall lower bill.
It is because the cost of sewage treatment is often based on the volume of water consumed. By using a separate meter for irrigation water, which is typically not treated as sewage, customers can avoid paying sewage charges on that portion of their water usage. Irrigation water is usually used for outdoor purposes such as watering lawns, gardens, or agricultural fields.
Since this water does not enter the sewage system, it doesn't require treatment, and separating it from the regular water supply can lead to cost savings. The metering system allows for a more accurate measurement of the water used specifically for irrigation, enabling customers to be billed accordingly. By having a separate meter for irrigation water, customers can track and control their usage more effectively, potentially leading to water conservation efforts.
Learn more about sewage treatment here:
https://brainly.com/question/31039899
#SPJ11
Which of the following best describes the role of central clearing parties
a. CCPs help market participants to value derivative transactions
b. CCPs perform a similar function to exchange clearing houses
c. CCPs are used to manage price risk of futures transactions
d. CCPs services are used in all OTC derivative transactions
The best description of the role of central clearing parties (CCPs) is CCPs perform a similar function to exchange clearing houses. The correct option is b.
Similar to exchange clearing houses, CCPs serve as intermediaries in the financial markets. Particularly in over-the-counter (OTC) derivative transactions, they make clearing and settlement of trades easier. By acting as a buyer to every seller and a seller to every buyer, CCPs effectively take on the role of the central counterparty for all trades and reduce counterparty risk.
They guarantee accurate matching, verification, and settlement of all transactions, lowering the risk of default and enhancing market stability. By enforcing risk management protocols and collateral requirements. CCPs additionally play a significant part in preserving the reliability and effectiveness of the financial markets. The correct option is b.
Learn more about central clearing parties at:
brainly.com/question/30558027
#SPJ4
Which of the following statements about crowding-out effect is true?
A. It cannot completely offset the government spending multiplier.
B. It is probably caused by a budget surplus.
C. It is probably caused by a budget deficit.
D. Only A and B.
E. Only A and C.
The following statements about crowding-out effect is true i.e., It cannot completely offset the government spending multiplier and It is probably caused by a budget deficit. Option E is the correct answer.
According to the crowding out effect, which is a theory of economics, increasing public sector expenditure reduces or even completely eliminates private sector spending. Option E is the correct answer.
The government needs more income to increase spending. It acquires it either by increasing taxes or by borrowing money by selling Treasury securities. Increased taxes may result in lower earnings and spending for both people and enterprises. Based on the supply and demand for money, the crowding out effect exists. According to the hypothesis, when the government implements measures to increase income, such as raising taxes or selling debt security, demand from consumers and businesses for loans with higher interest rates declines.
Learn more about Crowding Out here:
https://brainly.com/question/995089
#SPJ4
QUESTION 4 What is the expected standard deviation of stock A's returns based on the information presented in the table? Outcome Probability of outcome TStock A return in outcome Good TON 2010 Medium TO 1300 low 21.27% (plus or minus 0.10 percentage points) b. 40.00w (plus or minus 0.10 percentage points) c.25.61 (plus or minus 0.10 percentage points) d. 32.66 plus or minus 0.10 percentage points) The expected standard deviation cannot be estimated because the probability of the bad outcome is not given or the standard deviation can be computed from the given information, but none of the above is within 0.10 percentage points of the correct answer
D) the expected standard deviation of stock A's returns is approximately 113.56.
Given that the stock A has three possible outcomes, which are good, medium, and low. The probability of good outcome TON is 27.3%, probability of medium outcome TO is 52.7%, and probability of low outcome is 20%. Also, the expected return of the stock A for the good outcome TON is 2010%, expected return for the medium outcome TO is 1300%, and expected return for low outcome is -100%.To calculate the expected standard deviation of stock A's returns based on the given information in the table, we will use the formula of standard deviation which is the square root of [(the sum of the probability of each outcome times the square of the difference between the outcome return and the expected return) divided by the number of outcomes].
Therefore, the expected standard deviation of stock A's returns based on the information presented in the table is given as:
Standard deviation = √ [ 0.273 x (2010 - 1283.9)² + 0.527 x (1300 - 1283.9)² + 0.2 x (-100 - 1283.9)² ]
= √ [ 0.273 x 43156.41 + 0.527 x 238.09 + 0.2 x 174724.41 ]
= √ 12905.5363
≈ 113.56
So, the expected standard deviation of stock A's returns is approximately 113.56.
Therefore, option D is the correct answer.
To know more about standard deviation visit:
https://brainly.com/question/29115611
#SPJ11
a) You plan to purchase a company and wish to estimate the expected return on the company's equity using a three-factor model. You believe the appropriate factors are the market return, the percentage change in GNP and the oil price return. The market is expected to grow by 6 per cent, GNP is expected to grow by 2 per cent, and the oil price is expected to fall by 5 per cent. The company has betas of 0.8, 0.3 and -0.1 for the market, GNP and oil respectively. The expected rate of return on the equity is 15 percent. What is the revised expected return if the market falls by 8 per cent, GNP contracts by 0.3 per cent and the oil price grows by 9 per cent? b) The UK is found to have two factors, GDP growth and the inflation rate, that generate the returns of all equities. The expected GDP growth rate in the next year is 2 per cent and the expected inflation rate is 1.5 per cent. Pinto plc has an expected return of 10 per cent, a GDP growth rate factor loading of 1.6 and an inflation rate factor loading of -0.5. If the actual GDP growth rate turns out to be 3 per cent and inflation is 2.3 per cent, what is your estimate of the expected return on Pinto plc?
If the actual GDP growth rate turns out to be 3 per cent and inflation is 2.3 per cent, then the revised expected return is 1.9% The estimate of the expected return on Pinto plc is 10.88%.
Calculation of revised expected return
Market return: 6% - 8% = -2%
GNP: 2% - 0.3% = 1.7%
Oil Price: -5% + 9% = 4%
Beta for market = 0.8,
Beta for GNP = 0.3,
Beta for oil = -0.1
Expected return = 15%
Revised Expected Return = Rf + Beta market x market return + Beta GNP x GNP return + Beta Oil x oil return.
Rf = 3% (Risk-free rate)
Market return = -2%
GNP return = 1.7%
Oil return = 4%
Beta market = 0.8
Beta GNP = 0.3
Beta oil = -0.1
Revised Expected Return = 3% + 0.8 (-2%) + 0.3 (1.7%) + (-0.1) (4%) = 1.9%B)
Calculation of expected return on Pinto plc
Expected GDP growth rate = 2%
Actual GDP growth rate = 3%
Expected Inflation rate = 1.5%
Actual Inflation rate = 2.3%
Expected return = 10%
GDP growth rate factor loading = 1.6
Inflation rate factor loading = -0.5
Expected return on Pinto plc = Rf + (GDP growth rate factor loading x (actual GDP growth rate - expected GDP growth rate)) + (Inflation rate factor loading x (actual inflation rate - expected inflation rate))
Rf = 3% (Risk-free rate)
Actual GDP growth rate = 3%
Expected GDP growth rate = 2%
Actual Inflation rate = 2.3%
Expected Inflation rate = 1.5%
GDP growth rate factor loading = 1.6
Inflation rate factor loading = -0.5
Expected return = 10%
Expected return on Pinto plc = 3% + (1.6 x (3% - 2%)) + (-0.5 x (2.3% - 1.5%))
= 10.88%
To know more about Inflation visit:
brainly.com/question/31108471
#SPJ11
the following information pertains to eagle co.'s current year sales: cash sales gross $80,000 returns and allowance 4,000 credit sales gross $120,000 discounts 6,000on january 1 of the current year customers owed eagle $40,000. on december 31, customers owed eagle $30,000. eagle uses the direct write-off method for bad debts. no bad debts were recorded in the year. under the cash basis of accounting, what amount of net revenue should eagle report for the current year?
Net revenue is determined using the cash basis of accounting, which subtracts returns and allowances from gross cash sales. Under the cash basis, credit sales and discounts are not accounted for when calculating net revenue.
What is Net Revenue?
Given the information provided:
Cash sales gross: $80,000
Returns and allowance: $4,000
Subtract the returns and allowances from the total cash sales to determine the net revenue for the current year:
Net revenue = Gross cash sales - Returns and allowance
Net revenue = $80,000 - $4,000
Net revenue = $76,000
Therefore, Eagle Co. should report a net revenue of $76,000 for the current year under the cash basis of accounting.
Learn more about Net Revenue here brainly.com/question/28390284
#SPJ4
The 2020 annual report of Sage Hill Inc. contains the following information (in thousands):
Dec. 31, 2020 Dec. 31, 2019
Total assets $1,091,348 $807,167
Total liabilities 629,378 410.044
Consolidated sales 3,774,463 2,447,492
Net income 84.234 55,062
(a) Calculate the following ratios for Sage Hill Inc. for 2020: (Round answers to 2 decimal places, e.g. 52.75.)
1. Asset turnover ratio _____ times
2. Rate of return on assets _____ %
3. Profit margin on sales ______%
The 2020 annual report of Sage Hill Inc. contains the following information (in thousands):
Dec. 31, 2020 Dec. 31, 2019
Total assets $1,091,348 $807,167
Total liabilities 629,378 410.044
Consolidated sales 3,774,463 2,447,492
Net income 84.234 55,062
To calculate the requested ratios for Sage Hill Inc. for 2020.
we will use the given information:
Total assets (Dec. 31, 2020): $1,091,348,000
Consolidated sales: $3,774,463,000
Net income: $84,234,000
Asset Turnover Ratio:
Asset Turnover Ratio = Consolidated Sales / Total Asset
Asset Turnover Ratio = $3,774,463,000 / $1,091,348,000
Asset Turnover Ratio = 3.46 times
Rate of Return on Assets:
Rate of Return on Assets = (Net Income / Total Assets) * 100
Rate of Return on Assets = ($84,234,000 / $1,091,348,000) * 100
Rate of Return on Assets = 7.71%
Profit Margin on Sales:
Profit Margin on Sales = (Net Income / Consolidated Sales) * 100
Profit Margin on Sales = ($84,234,000 / $3,774,463,000) * 100
Profit Margin on Sales = 2.23%
Therefore, asset turnover ratio is 3.46 times, rate of return on assets are 7.71% and profit margin on sales are 2.23%
To know more about Total assets here,
https://brainly.com/question/21185895
#SPJ4
25 words Os 2-3 marks Det FR Ap Oct Dec 2000 2001 Organic Market, a grocery store, porchased supplies for $12.000 cash on July 1, 2020. As of December 31, 2020, $7,000 had Page 19 been med and $5,000
The journal entries for the purchases of the supplies and the use of same supplies would be:
Date Account title Debits Credits
July 1, 2020 Purchases 12, 000
Cash 12, 000
Date Account title Debits Credits
Dec. 31, 2020 Supplies expense 7, 000
Supplies 7, 000
How to record the supplies ?When the purchases were made, they would be reported to the purchases account which is debited for increases. The Cash account is credited to show a decrease.
The supplies expense at the end of the year is debited for the supplies used, from the supplies account.
The supplies left unused are:
= 12, 000 - 7, 000
= $ 5, 000
Find out more on supplies at https://brainly.com/question/24173085
#SPJ4
stephen and joy own a duplex in newport beach, ca. they live in one unit and rent the other to another couple. their rental income for the year was $24,000. they incurred the following expenses for the entire duplex: insurance $ 8,000 maintenance 800 utilities 1,800 depreciation 4,000 what amount of net income from the duplex should stephen and joy report for the current year? multiple choice $7,300 $24,000 $16,700 $9,400
Stephen and Joy own a duplex in Newport Beach, California. They live in one unit and rent the other to another couple. Their rental income for the year was $24,000.
They incurred the following expenses for the entire duplex: insurance $8,000, maintenance $800, utilities $1,800, and depreciation $4,000. What amount of net income from the duplex should Stephen and Joy report for the current year?The income from rent that Stephen and Joy have earned is $24,000.
The expenses are as follows:Insurance $8,000Maintenance $800Utilities $1,800Depreciation $4,000Total expenses: $8,000 + $800 + $1,800 + $4,000 = $14,600The net income for Stephen and Joy from the duplex for the current year is the income earned minus expenses incurred. Therefore,Net income = $24,000 - $14,600Net income = $9,400Thus, the net income that Stephen and Joy should report for the current year is $9,400. Answer: $9,400
To know more about rental visit:
https://brainly.com/question/30290695
#SPJ11
Moving to another question will save this response Question 19 of 20 Question 19 5 points Save A Portfolio A is a well-diversified portfolio that is equally-weighted among 12.000 different and diverse
A Portfolio A is a well-diversified portfolio that is equally-weighted among 12,000 different and diverse securities. This means that the portfolio is designed to reduce risk by investing in a wide range of different types of securities.
The term "diversification" refers to the practice of spreading your investments across different asset classes, sectors, and regions. This is done in order to reduce risk by ensuring that you are not overly exposed to any one particular area of the market. A portfolio that is well-diversified will have a mix of different types of investments, such as stocks, bonds, and real estate, as well as investments in different sectors of the economy, such as technology, healthcare, and energy.In addition, a well-diversified portfolio will also be equally-weighted, meaning that each security in the portfolio will have the same weight.
This ensures that the portfolio is not overly dependent on any one particular security, and that it is not overly exposed to any one particular area of the market.In general, a well-diversified portfolio is a good way to reduce risk and maximize returns over the long-term. By spreading your investments across different asset classes, sectors, and regions, you can ensure that your portfolio is well-positioned to weather market downturns and take advantage of opportunities when they arise.
To learn more about diversification visit-
https://brainly.com/question/15200267
#SPJ11
A capital budgeting project requires an initial investment of $200,000 in year zero. The project produces annual cash flows of $65,000 for the next four years. The cost of capital is 10%. What is the profitability index (PI) and should the project be accepted?
a.
PI=1.10, Reject Project
b.
PI=1.10, Accept Project
c.
PI=1.03, Accept Project
d.
PI=1.03, Reject project
The profitability index (PI) for the capital budgeting project is 1.03, and the project should be accepted. Option C is the correct answer.
The PI is calculated by dividing the present value of future cash flows by the initial investment. In this case, the project requires an initial investment of $200,000 and generates annual cash flows of $65,000 for four years. By discounting these cash flows at a rate of 10%, we find that the present value of the cash flows is $205,038.61.
To calculate the PI, we divide the present value by the initial investment: $205,038.61 / $200,000 = 1.03.
Since the PI is greater than 1, it indicates that the present value of the cash flows exceeds the initial investment. Therefore, the project should be accepted. The correct answer is Option C: "PI=1.03, Accept Project."
You can learn more about profitability index at
https://brainly.com/question/29241903
#SPJ11
Three years ago, you bought $500,000 Face Value of Tesla (TSLA, BBB Rated) 4% 10yr bonds at a YTM of 4.150%. a) What was the bond price when you bought them three years ago (bond price to four decimals)? b) What was the value of the bonds when you bought them three years ago ($ to two decimals)? c) Today they trade at a yield of 3.910%, what is the bond price of these bonds today (four decimals)? d) Today they trade at a yield of 3.910%, what is the value of your holdings today ($ to two decimals)?
a) The bond price was approximately $533,315.0512 when purchased three years ago.
b) The bond was valued at approximately $266,657,525.60 when he was purchased three years ago.
c) Today's bond price for these bonds is approximately $548,471.1753.
d) Your current holdings are worth approximately $274,235,587.66.
To calculate the price and value of a bond, you can use the bond present value formula. The formula is as follows:
Value of Bonds = Bond Price * Face Value
Given the information provided:
a) When you bought the bonds three years ago:
Face Value = $500,000
Coupon Rate = 4% or 0.04
Yield to Maturity (YTM) = 4.150% or 0.0415
Time to Maturity (n) = 10 years
Plugging these values into the formula, we can calculate the bond price:
Bond Price = (0.04 * $500,000 / (1 + 0.0415)¹) + (0.04 * $500,000 / (1 + 0.0415)²) + ... + (0.04 * $500,000 / (1 + 0.0415)¹₉)
Bond Price ≈ $533,315.0512 (rounded to four decimals)
b) To calculate the value of the bonds:
Value of Bonds = Bond Price * Face Value
Value of Bonds = $533,315.0512 * $500,000
Value of Bonds ≈ $266,657,525.60 (rounded to two decimals)
c) Today, the bonds trade at a yield of 3.910% or 0.0391:
Yield to Maturity (YTM) = 3.910% or 0.0391
Using the same formula, we can calculate the bond price today:
Bond Price (today) = (0.04 * $500,000 / (1 + 0.0391)¹) + (0.04 * $500,000 / (1 + 0.0391²) + ... + (0.04 * $500,000 / (1 + 0.0391)¹⁰)
Bond Price (today) ≈ $548,471.1753 (rounded to four decimals)
d) To calculate the value of your holdings today:
Value of Holdings (today) = Bond Price (today) * Face Value
Value of Holdings (today) = $548,471.1753 * $500,000
Value of Holdings (today) ≈ $274,235,587.66 (rounded to two decimals)
To know more about bond price visit :
https://brainly.com/question/28489869
#SPJ4
A portfolio han 4% of its value in IBM shares and the root in Microsoft (MSFT) The volatility of IBM and MSFT #ro 35% and 30%, respectively, and the correlation between IBM and MSFT is 0.8. What is the standard deviation of the portfolio? CD O A 33.17% 8. 28.85% OC 24.52% OD. 31.73%
The standard deviation of the portfolio is Option A 33.17%
How to determine the standard deviationThe formula for determining the standard deviation of a portfolio is expressed as;
σp = √(w1²σ1² + w2²σ2² + 2ρw1w2σ1σ2)
Such that the parameters of the formula are;
σp is the portfolio standard w1 and w2 are the weights of the two assets σ1 and σ2 are the standard deviations of assetsρ is the correlationSubstitute the values , we have;
σp = √(0.4²(35%)² + 0.6²(30%)² + 2(0.8)(0.4)(35%)(30%))
Then, we have;
= 33.17%
Learn more about standard deviation at: https://brainly.com/question/475676
#SPJ4
TRUE / FALSE. 13. Education Expenses. (Obj. 3) For each situation described in Parts a. through d., determine whether the taxpayer meets the criteria for the education expense deduction (True or F a. A self-employed accountant pays $525 for accounting courses to meet the state continuing professional (CPE) b. A CPA pays $3.500 for tuition and books for courses he is enrolled in law school. The courses count in meeting the state's CPE requirements. c. A high school teacher pays tuition of $2,700. The teacher is enrolled in graduate school and is taking classes in order to meet the state law requirements that will allow her renew her teaching certificate. d. A company executive pays $8,000 for tuition, books, and transportation to attend a executive MBA program to improve his business management and employee rela skills.
Where the above scenarios to tuition payment are given, the respective verdicts are
a. True
b. False
c. True
d. False
How is this so?a. True. The self-employed accountant's payment for accounting courses to meet CPE requirements qualifies for the education expense deduction.
b. False. The CPA's payment for law school tuition and books is not eligible for the deduction as it is unrelated to the current profession.
c. True. The high school teacher's tuition payment for graduate school to meet state law requirements is deductible.
d. False. The executive's payment for an executive MBA program does not qualify for the deduction.
Learn more about tuition payment at:
https://brainly.com/question/30465598
#SPJ4
1. Pre-Course Diagnostic: Pronoun Case and Reference The following questions will test your knowledge of pronouns. Answer the questions to review what you have just learned. Identify the correct nominative pronoun for the antecedent Microsoft Corporation. Them It They Identify the correct objective pronoun for the antecedent work groups. Its They Them Identify the correct objective pronoun for the antecedent the director of marketing and the development director. Them Their They Choose the best option to complete each of the following sentences. The last day for applicants to submit forms is Monday of next week. Without increasing employee out-of-pocket expenses, the firm was able to offer extended dental coverage. pleased the employees. Did Nathan indicate that he and had completed the proposal? The advisory board released recommendations regarding the expansion plan.
The advisory board's recommendations are the culmination of a rigorous assessment process and provide valuable guidance for the organization's expansion.
The advisory board, consisting of experienced professionals in relevant fields, diligently worked on analyzing various aspects of the expansion plan and formulating recommendations to guide the organization's future steps.
These recommendations were the result of comprehensive discussions and careful consideration of the potential implications and benefits associated with the proposed expansion.
Through thorough research and analysis, the advisory board examined market trends, customer needs, and the organization's internal capabilities.
They sought to identify opportunities for growth and competitive advantage while also assessing potential risks and challenges. By drawing on their collective expertise, the board members provided valuable insights and strategic guidance to help the organization make informed decisions.
The recommendations offered by the advisory board are intended to serve as a roadmap for the organization's expansion efforts. They highlight key areas of focus, outline suggested action plans, and provide clear objectives to strive for.
The board's aim is to ensure that the expansion plan aligns with the organization's overall mission, vision, and values, while also considering the interests of various stakeholders.
The advisory board's release of these recommendations marks an important milestone in the expansion planning process. It signifies the completion of a comprehensive evaluation and serves as a foundation for future decision-making and implementation.
The organization's leadership and stakeholders will now carefully review and consider the recommendations, weighing their merits and potential impact on the organization's short-term and long-term goals.
In conclusion, the advisory board's recommendations are the culmination of a rigorous assessment process and provide valuable guidance for the organization's expansion.
The released recommendations will inform strategic decision-making and help shape the organization's future trajectory as it strives to achieve sustainable growth and success.
For more question on culmination visit:
https://brainly.com/question/29431754
#SPJ11
hour, 54 minutes, 47 seconds. Completion Status Moving to another question will save this response stion 16 5 points Astock had returns of 25%, 12% and 48% in each of the past three years. Over the past four years, the arithmetic average annual return for the stock was 23.00. What was the geometric return for the stock over the past four years? Note that individual stock returns are only given for each of the past three years, but that the question asks about the geometric return over the past four years 35% (plus or minus 002 percentage points) O2085% por minus 002 percentage points) 30.00% plus or minus 0.02 percentage points) 175% or minus 500 percentage point None of the above is within 60 percentage ports of the Question 16 of 20 Question 16 of 20
The arithmetic average of annual returns for the stock is given by:$$\frac{25+12+48+x}{4} = 23$$Where x is the unknown geometric average return for the stock over the past four years.Rearranging the equation, we have:$x=22.48$
Thus, the geometric return for the stock over the past four years is 22.48%. The geometric return for the stock over the past four years is 22.48%. The geometric mean return (also known as the compound annual growth rate or CAGR) is the average return for a period of time, taking into account the effect of compounding. The formula for calculating the geometric mean return is as follows:GM = [(1+r1) * (1+r2) * (1+r3) * ... * (1+rn)]^(1/n) - 1Where r1, r2, r3, ..., rn are the returns for each period and n is the number of periods.
For this question, we are given the returns for the past three years (25%, 12%, and 48%), but we are asked to find the geometric mean return for the past four years. To do this, we can use the arithmetic mean return and the formula for finding the fourth return that would give the same arithmetic mean as the three given returns. The arithmetic mean return is the sum of the returns divided by the number of returns:AR = (25% + 12% + 48%) / 3 = 28.33%To find the fourth return that would give an arithmetic mean of 28.33% over four years, we use the following formula:x = (AR * 4) - (r1 + r2 + r3)where x is the fourth return and r1, r2, and r3 are the returns for the past three years:$$x=(28.33 * 4) - (25 + 12 + 48)$$Simplifying:$x=113.32 - 85 = 28.32$Now we have all four returns: 25%, 12%, 48%, and 28.32%. We can use the formula for the geometric mean return to find the average return over the four years:$$GM=[(1+0.25)(1+0.12)(1+0.48)(1+0.2832)]^(1/4) - 1$$Simplifying:$$GM=[1.6175]^(1/4) - 1 = 0.0565 = 5.65\%$$Therefore, the geometric return for the stock over the past four years is 5.65%. However, this answer is not one of the options provided, so we must round to the nearest answer. The closest answer is 22.48%, which is within 60 percentage points of our calculated value.
To know more about stock visit:
https://brainly.com/question/31940696
#SPJ11
Which of the following considerations might guide your decision regarding whether to copy Starbucks or sell coffee in a completely different way
a. Regardless of whether you try to replicate Starbucks' style, it is necessary to differentiate with respect to quality and location. b. Copying Starbucks means that your product is undifferentiated with respect to style and quality, so market power would be impossible to obtain, regardless of location. c. Differentiation with respect to quality is necessary to gain market power, but the additional cost of doing so in the premium coffee market will exceed the additional profits gained. d. It is possible to copy Starbucks and still have some market power, but it would require a careful selection of location. e. Differentiation with respect to style and quality is impossible in a market this saturated-consumers will not be able to discern a significant difference between your coffee and your competitors' coffee
Regardless of whether you try to replicate Starbucks' style, it is necessary to differentiate with respect to quality and location, might guide your decision regarding whether to copy Starbucks or sell coffee in a completely different way. Option A is the correct answer.
Two crucial factors that may be utilized to distinguish an entity's product, particularly in a crowded market, are the quality and location of the product. A quality is always specific to the people concerned. While some aspects of quality can be imitated, quality itself cannot be entirely imitated. A company's physical location guarantees the success of its differentiating strategy. Option A is the correct answer.
Positioning and differentiation are closely connected. Differentiation is a strategy used by businesses to make their goods and services stand out from those of their rivals and offer their customers something special. Differentiation refers to a set of qualities and advantages that help a product stand out and be better for a target market.
Learn more about Differentiation here:
https://brainly.com/question/31038266
#SPJ4
Mr. Dwight Schrute is considering investing $80,000 in creating an investment portfolio containing only two stocks. The attached image shows the four stocks that he is evaluating to create his desired two-stock Portfolio. Mr. Schrute plans to select the two stocks based on their relative risk. As a risk-averse investor, Mr. Schrute plans to pick two stocks that offer lower relative risk among these stocks. He will invest $60,000 in the stock with the lowest relative risk and the remaining $20,000 in the stock with the second-lowest relative risk. What would be the expected rate of return on Mr. Schrute's Portfolio? Stock A B Expected Return 8.00% 15.0% 12.0% 9.00% Standard Deviation 6.10% 11.00% 9.00% 7.00% С D Select one: O a. 1.12% O b. 8.25% O c. 14.25% O d. 8.75%
Correct option is B. The expected rate of return on Mr. Schrute's portfolio is 8.25%.The standard deviation is a measure of risk for a stock and is computed as the square root of the variance.
The variance measures the spread between numbers in a set of data, therefore the standard deviation measures the amount of dispersion from the average expected result. In the given problem, Dwight Schrute is planning to invest $80,000 in two stocks in such a way that the relative risk is low. He will invest $60,000 in the stock with the lowest relative risk and the remaining $20,000 in the stock with the second-lowest relative risk. Therefore, as per the given information, the expected return and standard deviation for the stocks are as follows:
Stock A: Expected Return - 8.00% ; Standard Deviation - 6.10%
Stock B: Expected Return - 15.0% ; Standard Deviation - 11.00%
Stock C: Expected Return - 12.0% ; Standard Deviation - 9.00%
Stock D: Expected Return - 9.00% ; Standard Deviation - 7.00%
Mr. Schrute is going to invest in stocks A and D. So, the expected return on this portfolio will be:
Expected Return = [($60,000/$80,000) × 8.00%] + [($20,000/$80,000) × 9.00%]
Expected Return = (3/4 × 8.00%) + (1/4 × 9.00%)
Expected Return = 6.00% + 2.25%
Expected Return = 8.25%
Hence, the expected rate of return on Mr. Schrute's Portfolio is 8.25%.Option B is the correct.
To know more about Portfolio visit-
brainly.com/question/29333981
#SPJ11
if we plot capital on the vertical axix and labour on
the horizontal axis, the slope of a straight line isocost drawn on
such graph is
The slope of a straight line isocost represents the relative cost of capital and labor.
The slope of a straight line isocost drawn on a graph with capital on the vertical axis and labor on the horizontal axis represents the relative cost of capital and labor. The formula to calculate the slope of an isocost line is:
Slope = - (Cost of Capital / Cost of Labor)
The negative sign is used because the slope is downward sloping from left to right on the graph.
The slope of the isocost line indicates the rate at which the firm can substitute capital for labor while keeping the total cost constant. A steeper slope indicates a higher relative cost of capital compared to labor, meaning the firm would prefer to use more labor than capital to minimize costs. A flatter slope indicates a higher relative cost of labor compared to capital, implying the firm would prefer to use more capital than labor.
In summary, the slope of a straight line isocost represents the relative cost of capital and labor and determines the optimal combination of inputs for a firm to produce a given level of output.
Learn more about cost: brainly.com/question/29509552
#SPJ11
Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. Interest was paid annually. The bonds were sold at 87.5. What was the sales price of the bonds? Were they issued at a discount, a premium, or at par?
Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. Interest was paid annually. The bonds were sold at 87.5, which means that the sales price was $87,500. The bonds were issued at a discount of $12,500.
The sales price of the bonds is calculated by multiplying the face value of the bonds by the subscription price. In this case, the face value of the bonds is $100,000 and the subscription price is 87.5, so the sales price is $87,500.
The bonds were issued at a discount because the subscription price was less than the face value of the bonds. This occurs when the market rate of interest is higher than the stated rate of interest on the bonds. Investors are willing to pay less for the bonds because they can earn a higher interest rate by investing in other bonds with a higher stated rate of interest.
The discount on the bonds will be amortized over the life of the bonds. This means that each year, a portion of the discount will be recognized as interest expense. The interest expense will reduce the company's net income and increase its taxable income.
Learn more about face value here:- brainly.com/question/32159746
#SPJ11
Net working capital is a measure of a company's: Multiple Choice goodwill. short-term liabilities. estimated cash reservoir. shareholders' equity. 1 01:13:34 Net working capital is a measure of a company's: Multiple Choice goodwill. short-term liabilities. estimated cash reservoir. shareholders' equity.
The main answer to the question is short-term liabilities. Net working capital is the difference between current assets and current liabilities. The calculation of net working capital is used to determine the liquidity position of a company. Shareholder equity, also known as stockholders' equity or shareholders' equity, refers to the residual interest in the assets of a company after deducting its liabilities. It represents the portion of a company's total assets that belongs to its shareholders or owners.
Explanation:Net working capital is the measure of a company's liquidity position and is calculated as the difference between current assets and current liabilities of a company. Current assets are those assets that can be easily converted into cash within one year or operating cycle, whichever is greater. Such assets include inventory, accounts receivables, prepaid expenses, and cash and cash equivalents.
Current liabilities are those obligations that are due within one year or the operating cycle of a company. These obligations include accounts payable, short-term notes payable, taxes payable, and accrued expenses.Net working capital measures a company's ability to meet its short-term obligations as they become due. It is an important financial measure that is closely watched by investors and creditors because it indicates the company's ability to operate and grow its business in the short run. If the net working capital is positive, it shows that the company has sufficient funds to meet its short-term obligations. However, if the net working capital is negative, it indicates that the company may not have enough liquidity to meet its short-term obligations.
To know more about shareholders' equity visit:
brainly.com/question/30397975
#SPJ11
explain the audit trinity also explain external , internal and
audit committee
The audit trinity refers to three significant components of audit systems: auditing standards, audit procedures, and audit documentation. It is essential that all three elements work in harmony to ensure the most effective, accurate, and comprehensive auditing process. Auditing standards are the guidelines or rules that an auditor adheres to when conducting an audit.
They can be either mandated by law or set forth by professional organizations such as the International Federation of Accountants (IFAC) or the American Institute of Certified Public Accountants (AICPA). Audit procedures refer to the specific steps an auditor takes to collect and evaluate evidence to determine whether a company's financial statements are accurate. Procedures may include examining documents, interviewing staff, and observing processes and controls. Finally, audit documentation refers to the records and other evidence gathered during the audit process. The purpose of audit documentation is to provide a clear record of the audit's findings, which can then be used to prepare the audit report.
Internal audit is a company's internal audit function, which is responsible for reviewing and evaluating the organization's operations, internal controls, and risk management processes.
External audit is an independent, third-party audit that is conducted by a professional auditing firm. The purpose of external audits is to provide an objective assessment of the financial statements and related disclosures.
Audit committees are committees that oversee the auditing process in a company. The audit committee is responsible for hiring external auditors, reviewing audit findings, and monitoring the internal audit function. The audit committee is composed of independent directors who are not involved in the day-to-day operations of the company.
To know more about audit trinity visit:
https://brainly.com/question/29575176
#SPJ11
Mia Wiz sells computers. During May, it sold 500 computers at a $700 per unit price. The fixed budget for May predicted sales of 550 computers at an per unit price of $680.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)
Mia Wiz experienced a favorable sales price variance of $10,000 due to higher actual prices and an unfavorable sales volume variance of -$34,000 due to lower actual quantities sold compared to the standard quantity.
To compute the sales price variance and sales volume variance for Mia Wiz in May, we'll use the formulas:
Sales Price Variance = (AQ × AP) - (AQ × SP)
Sales Volume Variance = (AQ × SP) - (SQ × SP)
Given:
AQ = Actual Quantity = 500 computers
AP = Actual Price = $700 per unit
SP = Standard Price = $680 per unit
SQ = Standard Quantity = 550 computers
Now let's calculate the variances:
Sales Price Variance = (500 × $700) - (500 × $680) = $350,000 - $340,000 = $10,000 (favorable)
The sales price variance measures the difference between the actual revenue earned at the actual selling price and the revenue that would have been earned at the standard selling price. Since the actual price is higher than the standard price, the variance is favorable because it results in higher revenue.
Sales Volume Variance = (500 × $680) - (550 × $680) = $340,000 - $374,000 = -$34,000 (unfavorable)
The sales volume variance represents the difference between the revenue earned at the standard selling price and the revenue that would have been earned at the standard selling price, given the actual quantity sold. Since the actual quantity sold is less than the standard quantity, the variance is unfavorable because it results in lower revenue.
for more such questions on prices
https://brainly.com/question/28479908
#SPJ11