Answer:
an increase of a bit less than $5 billion.
Explanation:
When the Federal reserve purchases treasury bill, it is known as an expansionary monetary policy
Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy
Change in the total value of money supply is determined by the money multiplier
Money multiplier = amount purchased / reserve ratio
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The lower the ratio, the higher the increase in money supply
1 billion / 0.2 = $5 billion
there would be an increase of about 5 billion in money supply
Job applicants generally face two kinds of interviews: screening interviews and hiring interviews.
a. True
b. False
Answer:
A) true
Explanation:
screening interview can be regarded as event that is been carried out during hiring process, which gives the recruiter opportunity to gauges the suitability of a job applicant as regards the occupation , these will allow the
recruiter to decided if the applicant name will be short listed, and it's regarded as the first interview for a candidate applying for a job.
Hiring interviews can be regarded efficient as well as effective hiring process which involves step-by-step process that will be followed in hiring a new employee, here whereby an organization will identifies its talent needs, then carry out recruitment as regards its talent pool and at the end most qualified candidates is been hired, their are different hiring processes for different company.
It should be noted that the Job applicants generally face two kinds of interviews: screening interviews and hiring interviews.
Check all answers that apply. Based on the model output, we can say that both the size of the move (CuFt) and number of large furniture moved are important considerations when estimating the total number of labor hours required. We can make this claim because __________.'
Answer:
P-value for slope coefficient of the size of the mode CuFt is0.00
Explanation:
The slope coefficient is change in probability when all other independent variables are held constant. The output is 93.3 which is due to the variation in labor hours. These variations are due to large number of furniture moved in cubic feet.
The Ace Battery Company has forecast its sales in units as follows: January February March April 1,200 May 1,050 June 1,000 July 1,500 1,750 1,900 1,600 Ace always keeps an ending inventory equal to 140 percent of the next month's expected sales. The ending inventory for December (January's beginning inventory) is 1,680 units, which is consistent with this policy. Materials cost $13 per unit and are paid for in the month after production. Labour cost is $6 per unit and is paid in the month the cost is incurred. Overhead costs are $8,000 per month. Interest of $8,400 is scheduled to be paid in March, and employee bonuses of $13,600 will be paid in June. a. Prepare a monthly production schedule for January through June (Enter all values as positive value.) Saved ework Help Save & Exit Submit Check my work January 1200 February 1050 March 1000 April 1500 May 1750 June 1900 July 1600 Forecasted unit sales Desired ending inventory Beginning inventory Units to be produced b. Prepare a monthly summary of cash payments for January through June. Ace produced 1.000 units in December Ace Battery Company Summary of Cash payments February March December January April May June Units produced Material cost Labour cost Overhead cost Interest Employee bonuses Total cash payments
Answer:
The Ace Battery Company
a) Monthly Production Schedule
January February March April May June
Sales Forecast: 1,200 1,050 1,000 1,500 1,750 1,900
Ending inventory 1,470 1,400 2,100 2,450 2,660 2,240
Sales units available 2,670 2,450 3,100 3,950 4,410 4,140
Beginning inventory 1,680 1,470 1,400 2,100 2,450 2,660
Units for production 990 980 1,700 1,850 1,950 1,480
b) Monthly Cash Payments:
January February March April May June
Payments:
Production materials 0 $12,870 $12,740 $22,100 $24,050 $25,350
Labor costs $5,940 5,880 10,200 11,100 11,700 8,880
Overhead costs 8,000 8,000 8,000 8,000 8,000 8,000
Interest expense 8,400
Employee bonuses 13,600
Total payments $13,940 $26,750 $39,340 $41,200 $43,750 $55,830
Explanation:
a) Data and Calculations:
January February March April May June July
Sales Forecast: 1,200 1,050 1,000 1,500 1,750 1,900 1,600
Ending inventory 1,470 1,400 2,100 2,450 2,660 2,240
Sales units available 2,670 2,450 3,100 3,950 4,410 4,140
Beginning inventory 1,680 1,470 1,400 2,100 2,450 2,660 2,240
Units for production 990 980 1,700 1,850 1,950 1,480
Costs of materials $12,870 $12,740 $22,100 $24,050 $25,350 $19,240
Payments:
Production materials 0 $12,870 $12,740 $22,100 $24,050 $25,350
Labor costs $5,940 5,880 10,200 11,100 11,700 8,880
Overhead costs 8,000 8,000 8,000 8,000 8,000 8,000
Interest expense 8,400
Employee bonuses 13,600
Cash payments $13,940 $26,750 $39,340 $41,200 $43,750 $55,830
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans today for $7.3 million. Klingonâs current balance sheet shows net fixed assets of $6 million, current liabilities of $760,000, and net working capital of $219,000. If all the current assets were liquidated today, the company would receive $1.01 million cash.
1. What is the book value of Klingonâs total assets today? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
2. What is the sum of net working capital and the market value of fixed assets? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Answer:
Net working capital = Current assets - Current liabilities
$219,000 = Current assets - $760,000
Current assets = $219,000 + $760,000
Current assets = $979,000
1. Total assets = Current assets + Net fixed assets
Total assets = $979,000 + $6,000,000
Total assets = $6,979,000
So, the book value of Klingonâs total assets today is $6,979,000.
2. Sum of net working capital and the market value of fixed assets:
= Market value of current assets + Market value of fixed assets
= $1,010,000 + $7,300,000
= $8,310,000
A government is torn between selling annual pollution allowances and setting an annual pollution tax. Unlike in the messy real world, this government is quite certain that it can achieve the same price and quantity either way. It wants to choose the method that will pull in more government tax revenue. Is selling allowances better for revenues or is setting a pollution tax better, or will both raise exactly the same amount of revenue
Answer: Both will raise the same amount
Explanation:
The government here is certain that it can achieve the same quantity and price regardless of if it uses a pollution tax or pollution allowance. This means that it would be charging the companies the same regardless of the method used.
Both methods would therefore yield the same amount if the government uses either of them.
In what type of market transaction does the issuing corporation receive cash proceeds?
Answer:
In the primary market, companies issue new shares to investors in exchange for cash. The proceeds from such an offering are used to fund the business, make acquisitions.
Explanation:
Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $556,200 Shop direct labor 406,000 Shop and repair equipment depreciation 37,900 Shop supervisor salaries 105,300 Shop property taxes 19,100 Shop supplies 14,600 Advertising expense 11,100 Administrative office salaries 47,800 Administrative office depreciation expense 6,100 Total costs and expenses $1,204,100 The average shop direct labor rate is $14.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. $fill in the blank 1 per direct labor hour
Answer: $6.10 per direct labor hour
Explanation:
Predetermined shop overhead rate = Estimated Overhead costs / Estimated Direct labor hours
Estimated overhead costs:
= Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies
= 37,900 + 105,300 + 19,100 + 14,600
= $176,900
Estimated direct labor hours
= Shop direct labor / Average Direct labor rate
= 406,000 / 14
= 29,000 hours
Predetermined shop overhead rate = 176,900 / 29,000
= $6.10 per direct labor hour
The short-run effects of an increase in the saving rate include a higher level of productivity.
a. True
b. False
False
The short-run effects of an increase in the saving rate include a higher level of productivity, a higher growth rate of productivity, and a higher growth rate of income.
The gravity model offers a logical explanation for the fact that :________
A) trade between Asia and the U.S. has grown faster than NAFTA trade.
B) trade in services has grown faster than trade in goods.
C) trade in manufactures has grown faster than in agricultural products.
D) Intra-European Union trade exceeds international trade by the European Union.
E) the U.S. trades more with Western Europe than it does with Canada.
A borrower obtains an ARM with a start rate of 2%. The ARM has an initial cap of 1%, a periodic cap of 2%, and a lifetime cap of 4%. Assume that the ARM will adjust three times, and that at each adjustment, the rate will increase by the maximum amount possible. What is the maximum amount that the interest rate can reach
Answer:
6%
Explanation:
The computation of the maximum amount that the interest rate can reach is shown below:
Since the arm rate is increased from 2% to 3% at the first adjustment
Now at the second adjustment, it increased from 3% to 5%
At the third adjustment, it increased from 5% to 7%
So here the interest rate should be
= 2% + 4%
= 6%
Also it can never be more than 6%
Alexis Co. reported the following information for May: Part A Units sold 6,800 units Selling price per unit $ 980 Variable manufacturing cost per unit 610 Sales commission per unit - Part A 98 What is the manufacturing margin for Part A
Answer:
$2,516,000
Explanation:
Calculation to determine the manufacturing margin for Part A
Sales $6,664,000
($980*6800)
Less: Cost of goods sold ($4,148,000)
($610*6800)
Manufacturing margin for product A $2,516,000
Therefore the manufacturing margin for Part A is $2,516,000
A company has fixed costs of $94,050. Its contribution margin ratio is 33% and the product sells for $69 per unit. What is the company's break-even point in dollar sales
,Answer: $285,000
Explanation:
The Contribution margin of a product refers to its selling price less that of the variable costs incurred to make and sell the good.
It can be used to calculate the breakeven point in sales along with the fixed costs.
To calculate a company's break-even point in dollar sales, the formula is:
= Fixed costs / Contribution margin ratio
= 94,050 / 33%
= $285,000
Which of the following is a consumer right for the consumer bill of rights?
1. Right to know
2. Right to return
3. It’s a profit
4. Right to sanity
Answer:
both numbers one and two
war never ends neither does My determination
Answer:
I shall be your eternal nightmare." "War never ends, neither does my determination." "Demons! Step forward if you have a death wish."
Your grandparents would like to establish a trust fund that will pay you and your heirs $200,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 3.9 percent, how much must your grandparents deposit today
Answer:
PV= $5,128,205.13
Explanation:
Giving the following information:
Annual cash flow= $200,000
Annual rate of return= 3.9% = 0.039
We need to calculate the present value to be invested to obtain a perpetual annuity of $200,000. To determine the initial investment, we need to use the following formula:
PV= Cf / i
PV= 200,000 / 0.039
PV= $5,128,205.13
What is the purpose of analyzing market activities and creating an income funnel?
Answer: To determine if a marketing plan is effective
Explanation:
Analysis of the market is necessary in understanding the market, competitors and the consumers better.
Creating a market analysis helps the manufacturer understand the target audience and market conditions which are vital in the creation of a successful good or service. It also helps in determining if there's effectiveness regarding the marketing plan used.
Analyzing market activities and creating an income funnel also helps to distinguish a company from other competitors and therefore makes one stand out when compared to others.
Company X has a P/E ratio of 10 and a stock price of $50 per share. Calculate earnings per share of the company.A) $5 per share.B) $ per share.C) $0. per share.D) $6 per share.
Answer:
A) $5 per share
Explanation:
Calculation to determine the earnings per share of the company.
Using this formula
EPS=Stock price/P/E ratio
Let plug in the formula
EPS = 50/10
EPS= $5 per share
Therefore the earnings per share of the company will be $5 per share
At what point does this NDA hinder an employee from getting a new job or using their skill and knowledge on their new job?
Answer:
The point of NDA is way bigger so that may help u on the answer
Explanation:
Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits. Cooking Canning Beginning work in process $0 $4,640 Materials 22,900 10,400 Labor 8,750 7,240 Overhead 32,000 27,300 Costs transferred in 55,000Journalize the April transactions.
Answer:
4/30
Dr Work in Process—Cooking $22,900
Dr Work in Process—Canning $10,400
Cr Raw Materials Inventory $33,300
4/30
Dr Work in Process—Cooking $8,750
Dr Work in Process—Canning $7,240
Factory Labor $15,990
4/30
Dr Work in Process—Cooking $32,000
Dr Work in Process—Canning $27,300
Cr Manufacturing Overhead $59,300
4/30
Dr Work in Process—Canning $55,000
Work in Process—Cooking $55,000
Explanation:
Preparation of the journal entries
4/30
Dr Work in Process—Cooking $22,900
Dr Work in Process—Canning $10,400
Cr Raw Materials Inventory $33,300
($22,900+$10,400)
4/30
Dr Work in Process—Cooking $8,750
Dr Work in Process—Canning $7,240
Factory Labor $15,990
($8750+$7,240)
4/30
Dr Work in Process—Cooking $32,000
Dr Work in Process—Canning $27,300
Cr Manufacturing Overhead $59,300
($32,000 +$27,300)
4/30
Dr Work in Process—Canning $55,000
Work in Process—Cooking $55,000
These are selected account balances on December 31, 2020. Land (location of the office building) $97000 Land (held for future use) 152000 Corporate Office Building 675000 Inventory 182000 Equipment 457000 Office Furniture 135000 Accumulated Depreciation 427000 What is the total net amount of property, plant, and equipment that will appear on the balance sheet
Answer:
$937,000
Explanation:
Calculation to determine the total net amount of property, plant, and equipment that will appear on the balance sheet
Land (location of the office building) $97000
Add Office Building 675000
Add Equipment 457000
Add Office Furniture 135000
Less Accumulated Depreciation (427000 )
Total Net Amount $937,000
Therefore the total net amount of property, plant, and equipment that will appear on the balance sheet is $937,000
Timothy Company has invested $1,000,000 in a plant to make vending machines. The target operating income desired from the plant is $150,000 annually. The company plans annual sales of 1,500 vending machines at a selling price of $1,000 each. What is the markup percentage as a percentage of cost for Timothy Company?
Answer:
11%
Explanation:
Calculation to determine the markup percentage as a percentage of cost for Timothy Company
First step is to calculate the Sales revenue
Sales revenue = 1,500 units × $1,000
Sales revenue = $1,500,000
Now let calculate the Markup percentage
Markup percentage = $150,000 / ($1,500,000 - $150,000)
Markup percentage = $150,000/1,350,000
Markup percentage= 11%
Therefore Markup percentage is 11%
Revenue is $6,000,000 the first year. You anticipate that it will increase by 6% a year for the subsequent 5 years. Assume an interest rate of 6%, compounded annually. What is the present value of revenue
Answer:
$28,301.886.79
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = $6,000,000
Cash flow in year 2 = $6,000,000 x 1.06 = 6,360,000
Cash flow in year 3 = $6,000,000 x 1.06^2 = 6,741,600
Cash flow in year 4 = $6,000,000 x 1.06^3 = 7,146,096
Cash flow in year 5 = $6,000,000 x 1.06^4 = 7574,861.76
I = 6%
PV = $28,301.886.79
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
MC Qu. 111 Brush Industries reports the following... Brush Industries reports the following information for May: Sales$955,000 Fixed cost of goods sold 111,000 Variable cost of goods sold 261,000 Fixed selling and administrative costs 111,000 Variable selling and administrative costs 136,000 Calculate the operating income for May under absorption costing.
Answer:
Particulars Amount
Sales $955,000
Less: Fixed cost of goods sold $111,000
Less: Variable cost of goods sold $261,000
Gross Profit $583,000
Less: Fixed selling & admin. costs $111,000
Less: Var. selling & admin. costs $136,000
Operating Income $336,000
A company has free cash flow of $700 and cash flow to shareholders of $200. Interest expense for the year was $400. a.) What must be the net new borrowing, as reflected by the change in long-term debt
Answer:
the net new borrowing, as reflected by the change in long-term debt is $100
Explanation:
a. The calculation of the net new borrowing is given below:
Net new borrowing is
= cash inflow = cash outflow
= $700 - $200 - $400
= $700 - $600
= $100
Hence, the net new borrowing, as reflected by the change in long-term debt is $100
In the world oil market, oil is supplied up to the point where: Select one: A. the marginal cost of the last barrel is at a maximum B. the marginal cost of the last barrel is the greatest distance from the price buyers are willing to pay for that last barrel C. the marginal cost of the last barrel is zero D. the marginal cost of the last barrel is just equal to the price buyers are willing to pay for that last barrel.
Answer:
D. the marginal cost of the last barrel is just equal to the price buyers are willing to pay for that last barrel.
Explanation:
In the case of the oil market that oil is to be supplied to the point where the marginal cost of the previous barrel should be equivalent to the price where the pruchaser want to pay for that previous barrel
So as per the given situation, the option d is correct
ANd, the rest of the options seems incorrect
Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost $360. In each town, some people enjoy fireworks more than others. In the town of Bayport, each of the residents values the public good as follows:
Resident Value (Dollars)
Musashi 50
Rina 100
Sean 300
he total benefit of the fireworks display to the town of Bayport is $: ___________
Answer:
$450
Explanation:
The benefit an individual derives from an activity can be described as the total satisfaction or utility that individual derives from carrying out a particular activity. It is the value an individual derives from a particular activity
Benefit can be measured in dollars or in utils
the higher the value of the dollar or util, the higher the benefit the consumer derives from an activity
A rational person would weigh the cost of an activity to the benefit that would be derived from the activity. The individual would carry out the activity only if benefit outweigh the cost.
For example, in this question, the total benefit of fireworks display is 450. this is greater than the cost. So, the town would carry out the firework display
Total benefit is the sum of individual value individuals would derive from an activity.
total benefit = $50 + $100 + $300 = $450
Cumberland Co. sells $1,114 of merchandise to Hancock Co. for cash. Cumberland paid $779 for the merchandise. Under a perpetual inventory system, which of the following is the correct journal entry(is)?
a. debit Cash, $1.084 credit Merchandise Inventory: $722
b. debit Cash. $1,084. credit Sales. $1.084 and debit Cost of Merchandise Sold. 722credit Merchandise Inventory: 5722
c. debit Accounts Receivable. $1,084, credit Sales. $1,084, and debit Cost of Merchandise Sold, 5722 credit Merchandise Inventory, 5722
d. debit Cash 5722: credit Sales. $722
Answer:
Debit Cash $1,114
Credit Sales $1,114
Debit Cost of merchandise sold $779
Credit Merchandise inventory $779
Explanation:
Based on the information given the correct journal entry(is):
Debit Cash $1,114
Credit Sales $1,114
Debit Cost of merchandise sold $779
Credit Merchandise inventory $779
Which of the following is a consumer right per the consumer bill of rights?
1. Right to know
2. Right to return
3. Right to profit
4. Right to sanity
Answer:
1. Right to know.
Explanation:
The Consumer Bill of Rights refers to certain rights that are given to customers in a business transaction. These set of rights are given to customers or consumers and are made so that consumers will have equal rights to be protected against any unfair or false claims.
Among the given set of rights, the right to know is a consumer right according to the bill of rights. This right is one of the four sets of original rights as set in the consumer bill of rights. The other three are the right to safety, to be heard, and to choose.
Thus, the correct answer is option 1.
T/F If firms from country A undertake $20 billion of FDI in firms from country B in year 1, and another $20 billion in year 2, then we can say that in each of those two years, B receives annual FDI outflows of $20 billion, and A generates annual FDI inflows of $20 billion.
Answer: False
Explanation:
In both the first and second years, firms in country A undertook FDI projects of $20 billion in country B. This means that Country A had FDI outflows of $20 billion in those two years not inflows. Inflows are what happens when the FDI is coming into the country.
Country B on the other hand, was receiving money from country A. Country B therefore had FDI inflows of $20 billion in each of the two years and not outflows like Country A had.
Tuscany Company estimated the following costs at the beginning of a particular year: Overhead $5,340,000 Direct labor cost $890,000 Tuscany uses normal costing and applies overhead on the basis of direct labor cost. (Direct labor cost equals total direct labor hours worked multiplied by the wage rate.) The direct labor cost was $50,000 for the month of January. Determine the overhead applied for the month of January.
Answer: $300,000
Explanation:
As overhead is applied on the basis of direct labor cost, the overhead rate for the period is:
= Overhead / Direct labor cost * 100%
= 5,340,000 / 890,000 * 100%
= 600%
If direct labor cost is $50,000 then overhead applied will be:
= Direct labor cost * Overhead rate
= 50,000 * 600%
= $300,000
