Answer:
call to taxi. ....
Explanation:
.........
Apart from a subsidy, how might a government change the market price of a good?
Answer:
Governments can tax the public and giving the money to an industry, or tariffs, adding taxes to foreign products to lift prices and make domestic products more appealing. Higher taxes, fees, and greater regulations can stymie businesses or entire industries.
$14,000 is invested in an account that earns 3% interest per year. When does the balance reach $19,379.27
Answer: 12 and a half month
Explanation:
Because 14,000 on a 3 percent interest per year; 3 percent of 14000 is 420 so think about it, when it goes to 19,379.27 it will take about 12 years along with the interests so about 12 and a half month.
Bryan Corp. has two departments: Wholesale and Retail. The following information is available: Wholesale Retail Total Actual sales (in units) 20,000 30,000 50,000 Budgeted sales 15,000 45,000 60,000 Budgeted contribution margin (per unit) $5 $3 What is the sales-quantity variance for the retail division
The sales-quantity variance for the Retail Division of Bryan Corp. is 15,000 units (unfavorable).
Data and Calculations:
Divisions Wholesale Retail Total
Actual sales (in units) 20,000 30,000 50,000
Budgeted sales 15,000 45,000 60,000
Budgeted contribution margin (per unit) $5 $3
Sales-quantity variance 5,000 F 15,000 U 10,000 U
Sales-quantity variance for the Retail Division = 15,000 units U (45,000 - 30,000).
Thus, the Retail Division recorded an unfavorable sales-quantity variance of 15,000 units.
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TB MC Qu. 11-59 (Static) A limitation of the internal rate of return... A limitation of the internal rate of return method is that it:
Limitations of the internal rate of return are:
A project can have more than one internal rate of return.It fails to reflect varying levels of risk over a project's life.The internal rate of return is a capital budgeting method. It is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
If the internal rate of return is greater than the required return of the project, the project should be accepted. If this is not the case, the project should be rejected.
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Beto Company pays $4.70 per unit to buy a part for one of the products it manufactures. With excess capacity, the company is considering making the part. Making the part would cost $4.50 per unit for direct materials and $1.00 per unit for direct labor. The company normally applies overhead at the predetermined rate of 200% of direct labor cost. Incremental overhead to make the part would be 80% of direct labor cost.
Required:
a. Prepare a make or buy analysis of costs for this part. (Enter your answers rounded to 2 decimal places.)
b. Should Beto make or buy the part?
Here, we are decide the best option between making the part or buying the part.
a. Make or Buy Analysis
Particulars Make amount Buy amount
Direct Materials $4.50
Direct Labor $1.00
Overhead (80% of Direct Labor) $0.80
Cost to buy $4.70
Cost per unit $5.70 $4.70
Cost Difference = $5.70 - $4.70
Cost Difference = $1.00
Therefore, the cost difference of making amount over buying amount is $1.00.
b. Because of the difference, Beto should buy the part because its cost is lesser than to make the part.
Therefore, the buying of the part is the best decision.
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Which of the following tactics is NOT a good way to improve your writing?
a. To have more impact on readers, write a longer memo.
b. Write without jargon and use simple words.
c. Ask someone else to read your writing before sending it out.
d. Get to the point of the memo quickly.
Answer:
To have more impact on readers, write longer memos.
Explanation:
This won't necessarily improve your writing as you may not deliver your message clearly across to your reader if you use long or wordy memos, rather a simple straight to the point memo will be more effective.
Answer:
a. To have more impact on readers, write a longer memo.
Explanation:
SEVEN (7) rewards and THREE (3) Challenges of the CEO of this company
What? What does this mean?
On December 31, 2015, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2016. On February 28, 2016, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dowâs net income for the year ended December 31, 2016, was $2,100,000.
The income tax rate is 40%.
As part of an incentive compensation plan, Dow granted incentive stock options to division managers at December 31 of the current and each of the previous two years. Each option permits its holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year from that date. Information concerning the number of options granted and common share prices follows:
Date Granted (adjusted for the stock dividend) Options Granted Share Price
31-Dec-14 8,000 $24
31-Dec-15 3,000 $33
31-Dec-16 6,500 $32
Required:
Compute Dowâs earnings per share for the year ended December 31, 2016.
Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
First step is to compute common shares on January 1 to December 31
Common shares on January 1 to December 31 = 600,000 ×(1 + 0.04) × (12/12)
Common shares on January 1 to December 31 = 600,000 × 1.04 ×1
Common shares on January 1 to December 31 =624,000
Second step is to compute common shares on February 28 to December 31
Common shares on February 28 to December 31 = 60,000 × (1 + 0.04) × (10/12)
Common shares on February 28 to December 31= 60,000 ×1.04 × (10/12)
Common shares on February 28 to December 31= 52,000
Third step is to compute number of repurchased shares on July 1 to December 31
Number of repurchased shares on July 1 to December 31 = 2,000 × (6/12)
Number of repurchased shares on July 1 to December 31 = 1,000
Fourth step is to compute number of weighted shares
Number of weighted shares=624,000 + 52,000- 1,000
Number of weighted shares= 675,000
Fifth step is to compute the earning per share
Earnings per share = (Net income - Preferred dividend) / Number of weighted shares
Earnings per share= ($2,100,000 - $75,000) / 675,000
Earnings per share= $2,025,000 / 675,000
Earnings per share=$3 per share
Inconclusion Dowâs earnings per share for the year ended December 31, 2016 is $3 per share.
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What is not a task of a bank?
they arent obligated to be real people.
The following which is not a task of the bank is that they are responsible for the conduct of monetary policy. Thus, option 'C' is the correct option.
What are the basic functions of banks?A bank's role is to gather public deposits and lend those deposits for the growth of commerce, industry, trade, and agriculture. Bank gets interest on loans and advances from depositors at greater rates than it pays to depositors. The primary duties of banks include safeguarding, transferring, lending, and trading money in a variety of ways, as well as determining the creditworthiness of their clients.
People can borrow money from the bank at a time-interest rate. The bank approves each loan amount after giving it careful thought and protecting its profit. Additionally, the bank offers its clients advances. These are also the main roles that banks play.
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Probably, the complete options are:
a) they bring together savers and borrowers.
b) safe places for people to store their wealth.
c) they are responsible for the conduct of monetary policy.
d) they help to facilitate trade by providing alternative methods of payment.
Which of the following statements/questions best illustrates communicating with candor?
a. “You drive me crazy by leaving stacks of paper all over the place.”
✔ b. “I’m finding it hard to get our work done with all of these stacks of paper on the table.”
c. “Why don’t you clean up this mess you made?”
d. “Are you this messy at home?”
e. All of these illustrate communicating with candor.
Statement/questions that serves as illustration as regards communication with candor is : B: I’m finding it hard to get our work done with all of these stacks of paper on the table.”
Whenever a candor is been exerted when one is engaging in a communication, then doing this will encourage other people to exert candor too.A candid information helps in getting and giving the needed information as regards the team performance as well as professional growth.Therefore, option B is correct.
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Mettle Inc. is a multinational toy manufacturing company based in the United States. It has factories and offices in many countries around the world. In all its foreign offices, Mettle Inc. has applied the practices, policies, and culture followed in its U.S. office. As a result, Mettle Inc.'s operations are standardized across all countries. Which of the following international orientations has Mettle Inc. adopted?
a. The regiocentric approach
b. The ethnocentric approach
c. The geocentric approach
d. The polycentric approach
Considering the situation described above, the international orientations Mettle Inc., has adopted is known as "the ethnocentric approach."
This is because the ethnocentric approach is a method of recruiting individuals or personnel that fits the international businesses, based on requirements such as skills and zeal to imbibe the company's culture.
The ethnocentric approach is different from polycentric and egocentric approaches because it is based on meritocracy.
Hence, in this case, it is concluded that the correct answer is option B. "The ethnocentric approach."
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Simko Company issued $680,000, 5-year, 5 percent bonds on January 1, 2021. The bonds were issued for $620,000. Interest is payable annually on December 31. Using straight-line amortization, prepare journal entries to record (a) the bond issuance on January 1, 2021, and (b) the payment of interest on December 31, 2021.
The Simko Company's Journal Entries to record the following transactions are as follows:
a) Bond Issuance on January 1, 2021:
Debit Cash $620,000
Debit Bonds Discount $60,000
Credit Bonds Payable $680,000
To record the issuance of bonds at a discount.b) Payment of Interest on December 31, 2021:
Debit Interest Expense $46,000
Credit Discount Amortization $12,000
Credit Cash $34,000
To record the payment of interest and amortization of discount.Data and Calculations:
Bonds Face value = $680,000
Bonds Proceeds = $620,000
Bonds Discounts = $60,000 ($680,000 - $620,000)
Maturity period = 5 years
Coupon interest rate = 5%
Interest payment = annually on December 31
Amortization method = straight-line
Annual amortization = $12,000 ($60,000/5)
December 31, 2021:
Cash payment = $34,000 ($680,000 x 5%)
Discount amortization = $12,000
Interest Expense = $46,000 ($34,000 + $12,000)
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On 1 January 2011 a company issued five-year fixed-interest bonds with a face value of $5 million, paying half-yearly coupons at 8.25 per cent per annum. Coupons are payable on 30 June and 31 December each year until maturity. On 15 September 2013 the holder of the bonds sells at a current yield of 8.63 per cent per annum. Calculate the price at which the investor sold the bond.
The price at which the investor sold the bond equals the Present Value of the Interest and the Face Value to be $4,975,447.20.
Data and Calculations:
Face value of bonds = $5,000,000
Interest rate = 8.25% per year
Half-yearly interst payment = $206,250 ($5,000,000 x 8.25% x 1/2)
Interest payment = half-yearly
Interest payment dates = June 30 and December 31
Interest paid on the bonds = $1,031,250 ($5,000,000 x 8.25% x 2.5)
Interest to be paid on the bonds = $1,031,250 ($5,000,000 x 8.25% x 2.5)
Current yield of the bonds = 8.63% per annum
PV of interests to be paid at 8.63% p.a for 2.5 years = $910,119.53
PV of bonds face value at 8.63% p.a for 2.5 years = $4,065,327.67
Price of the bonds = $4,975,447.20 ($4,065,327.67 + $910,119.53)
Thus, the investor sold the bond at $4,975,447.20.
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what are the effects of business on environment? List them.
Answer:
The four main environmental issues that are most likely to influence the activities of a business are climate change, pollution, sustainability and waste reduction.
Explanation:
Many characteristics of work teams can also be seen in sports teams. Although sports teams—especially professional sports teams—often differ from work teams in important ways, they can be helpful for illustrating the key features that contribute to a team’s success.
Patrick works for a large technology company that sponsors an intramural soccer league. Patrick has been on a soccer team with the other software engineers for his product for several years, and they are very good. Team members rarely miss practices and never miss games, they know each other’s strengths and weaknesses on the field, and they play together so well that they have won the company championship 2 years in a row. When the team was first formed, however, the players did not seem very committed, team cohesion was not very good, and the team took a very long time to decide on which plays and strategies to use. After making a change midway through the first season that led to increased cohesion, team performance improved dramatically.
1. What stage of development is Patrick’s soccer team in currently?
a. Preforming
b. Storming
c. Forming
d. Norming
2. If a team leader wanted to help a team such as Patrick’s get through the performing stage of team development, he or she should take which of the following actions?
CHECK ALL THAT APPLY
- Encourage constructive conflict between members of the team.
- Coordinate team roles and activities.
- Help the team make effective decisions.
- Help the team establish clear rules for team member behaviors.
Answer:
1. Preforming
2. A and C
Answer:
1. What stage of development is Patrick’s soccer team in currently?
a. preforming
2. If a team leader wanted to help a team such as Patrick’s get through the performing stage of team development, he or she should take which of the following actions?
✔ Encourage constructive conflict between members of the team.
✘ Coordinate team roles and activities.
✔ Help the team make effective decisions.
✘ Help the team establish clear rules for team member behaviors.
a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,000 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 debit.
Based on the information give the estimated balance of the allowance for doubtful accounts is $25,650.
a. Estimated allowance for doubtful accounts
Estimated allowance for doubtful accounts =$570,000×4.5%
Estimated allowance for doubtful accounts =$25,650
b. Adjusting journal entry
Dec 31
Debit Bad debt expense $13,650
($25,650-$12,000)
Credit Allowance for doubtful accounts $13,650
(To record bad debts expense)
c. Adjusting journal entry
Dec 31
Debit Bad debt expense $26,650
($25,650+$1,000)
Credit Allowance for doubtful accounts $26,650
(To record bad debts expense )
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Multiple-choice help me, pls.
16) If the supply of iPads increases, then
i. the supply curve for iPads has shifted rightward.
ii. the price of iPads has decreased.
iii. there will be a movement upward along the iPad supply curve.
A) i only
B) i, ii and iii
C) i and ii
D) ii and iii
E) i and iii
30) Which of the following statements is correct?
A) Consumer surplus equals the price paid for a good.
B) The consumer surplus from a good is always larger than the total benefit from the good.
C) An increase in price decreases consumer surplus.
D) An increase in price has no effect on consumer surplus.
E) The consumer surplus from a good or service must always equal producer surplus.
Answer:
33) A firm's marginal revenue is
A) the change in total revenue that results from a one-unit increase in the quantity sold.
B) total revenue minus total cost.
C) the change in total revenue minus the change in total cost.
D) the change in total revenue that results from an increase in the demand for the good or service.
E) less than the market price for a perfectly competitive firm.
Answer:
34) Suppose a perfectly competitive firm's minimum average variable cost is $3 when it produces 50. If the price is $2 and the firm's marginal cost is $2, the firm should
A) continue to produce, but produce more than 50.
B) continue to produce 50.
C) continue to produce, but produce less than 50.
D) shut down.
E) continue to operate, but to determine the amount of production needs more information than is given.
Answer:
42) Discretionary fiscal policy is a fiscal policy action, such as
A) an interest rate cut, initiated by an act of Congress.
B) an increase in payments to the unemployed, initiated by the state of the economy.
C) a tax cut, initiated by an act of Congress.
D) a decrease in tax receipts, initiated by the state of the economy.
E) an increase in the quantity of money.
Answer:
43) The magnitude of the government expenditure multiplier is ________ the magnitude of the tax multiplier.
A) greater than
B) equal to
C) less than
D) not comparable to
E) greater than for expansionary policy and less than for contractionary policy
Answer:
44) An increase in government expenditure can ________ potential GDP and an increase in taxes can ________ potential GDP.
A) increase; increase
B) increase; never change
C) decrease; decrease
D) never change; never change
E) increase; decrease
Answer:
45) When the Fed increases the federal funds rate,
A) there is no effect on investment because investment depends on the real interest rate.
B) the real interest rate falls, and investment increases.
C) the real interest rate rises, and investment decreases.
D) the real interest rate is unaffected, but investment still decreases.
E) the real interest rate rises, and investment does not change.
Answer:
46) The Fed raises the federal funds rate. Which of the following changes occurs most rapidly?
A) Exchange rate rises.
B) Consumption expenditure decreases.
C) Aggregate demand decreases.
D) Real GDP growth decreases.
E) Inflation rate decreases.
Answer:
47) If the Fed increases the quantity of money and lowers the federal funds rate, real GDP ________ and the price level ________.
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
E) increases; does not change
Answer:
48) Raising the federal funds rate shifts the aggregate demand curve ________ so that real GDP ________ and the price level ________.
A) rightward; increases; rises
B) leftward; decreases; rises
C) rightward; increases; falls
D) leftward; decreases; falls
E) leftward; increases; rises
Answer:
Select the correct answer.
Zhu Dong manages a financial consulting firm of a few employees. He realizes that one of his best employees is facing problems at work. Dong plans to talk to the employee individually, hear out any grievances, and counsel the employee. Which type of communication does Dong plan to engage in?
A.
interpersonal communication
B.
departmental communication
C.
interdepartmental communication
D.
company-wide communication
Answer:
interpersonal communication
Tough Mudder is committed to teamwork. The managers know that selecting the right type of team with the right characteristics is essential for the success of teams.
1. When the company is hosting an event, managers should assign event preparations to a ____________________________. Preparations include trucking in different kinds of equipment and setting it up over several acres; installing sufficient security, first aid, and portable restrooms throughout the course; and having food and drink delivered, as well as marketing the event and enrolling participants.
a. functional team
b. cross functional team
2. Hiring team members who are diverse in terms of gender and race is likely to ______________________ the team’s productivity.
a. improve
b. have no effect on
Answer:
1 b
2 a
Explanation:
1. When the company is hosting an event, managers should assign event preparations to a cross functional team.
2. Hiring team members who are diverse in terms of gender and race is likely to improve the team’s productivity.
Cross-functional teams are collections of employees from many departments within a business, such as marketing, product, sales, and customer success. These can be working groups where each participant is a part of both their functional team and the cross-functional team, or they can be the main organizational structure. Cross-functional teams can also be formed with a more continuous goal in mind. Cross-functional teams are frequently set up to finish a single project. A cross-functional team is a workgroup made up of staff members from various functional departments who cooperate to accomplish a given goal.
Cross-functional teams are frequently formed by organizations on a temporary basis to work together on a single project from its inception till, ideally, its successful completion. However, some businesses elect to implement permanent cross-functional teams as opposed to a more conventional hierarchical structure with distinct divisions of professional specialties for their workforce organization.
All sizes of businesses can benefit from the utilization of cross-functional teams. A cross-functional team prioritizes collaboration and communication over individual members' specialized organizational functions in order to achieve team objectives.
What is a hiring team?A hiring team, as the name suggests, is the team of people entrusted with filling a post that is open. Typically, hiring teams are in charge of everything, including finding talent, conducting interviews with candidates, and selecting the best one.
The person within the company who requests a new position be filled is the hiring manager. As a result, they serve as the impetus for the creation of the hiring team. Following that, recruiting managers act as the hiring team's leader. Throughout the hunt, they are in charge of coordinating with Human Resources. Additionally, they take part in every step of the employment process, from recruitment to job offers.
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What is clay item?Give your own no rude answer.
Answer:
things made up of wet clay minerals that are mixed in soil
Answer:
Clay is a type of fine-grained natural soil material containing clay minerals. Clays develop plasticity when wet, due to a molecular film of water surrounding the clay particles, but become hard, brittle and non–plastic upon drying or firing. ... Clay is the oldest known ceramic material.
The ……………. refers to something being put into the system. This is transformed by the organisation (or parts of it) through an activity or function of the organisation.
Answer:
any options ?
Explanation:
any options ?
Which one Life Instinct
A. the collection of wish
B. Negative aspects
C. Positive aspects
D. Pleasure oriented
E. the manager of personality
Considering the available options, the one that is Life Instinct is "Pleasure oriented."
What is Life Instinct?Life Instinct is a term used to describe the activities of humans that are conducted towards survival.
Examples of Life InstinctSexual instinctsDrive to liveBasic instinctual impulses like thirst and hunger, etc.Hence, in this case, it is concluded that the correct answer is option D. "Pleasure oriented."
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List five kinds of harm that could occur to your own personal computer. Estimate the likelihood of each, expressed in number of times per year (number of times could be a fraction, for example, 1/2 means could be expected to happen once every two years). Estimate the monetary loss that would occur from that harm. Compute the expected annual loss from these kinds of harm.
The most frequent damages in computers are: Blue screen, Ram problems, continuous shutdown, slow performance, and virus infection.
Blue screen. It is estimated that it can happen 1/2 per year. It is one of the most common computer problems. Generally, it indicates a serious problem, which may be hardware or driver related, so the repair value is high, about $ 50.
RAM problems. It is estimated that it can happen 2/4 per year. It is a problem that is caused by misconfiguration, or a RAM slot is not fitting correctly, which causes it to not work. Its repair is worth about $ 25.
The computer shuts down by itself or restarts itself. It is estimated that it can happen 12/20 times per year. This damage is caused by lack of maintenance in the hardware or problems with the software. For example, if there is dust accumulated on the fans, this obstructs the air and does not allow the computer to cool properly, causing it to shut down. Your repair is worth about $ 50.
Slow performance. It is estimated that it can happen 45/50 times per year. This damage is caused by different factors. However, the most common is the lack of maintenance. Your repair costs about $ 15.
Computer infected with viruses. It is estimated that it can happen 6/10 in a year. Viruses are a type of software that can harm your computer and related systems. Your repair costs about $ 20.
According to the above, the total estimated cost per year for the computer fix is $ 160.
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Please help! Need an expert in this and will give 50 points and brainliest if it’s answered. Getting reported if it’s answered for points
Pat Jones is a college student who is planning some networking opportunities for the current semester. Pat wanted to look professional for these events and felt a new suit would be a real benefit; however, the cost for the first event ended up being $75 which was a strain on the budget. Pat did not want to attend the
remaining three events in the same outfit, so a new strategy was developed. Instead of paying for new suits in cash, Pat decided to charge the suits on a credit card, wear them to the events, and then return them the next
day for full credit.
2. Do you feel Pat's new strategy is ethical? Why or why not? Could there be any consequences with this strategy?
3. How will this new strategy impact the company/companies where the suits are purchased?
4. What journal entry/entries would the company have to record related to the return of the suit?
Answer:
2. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.
3. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.
4. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.
Explanation:
If Intermountain Healthcare wants to facilitate horizontal communication among health care professionals and administrators at its 22 hospitals and over 300 clinics, it could promote the use of email for this purpose. What guideline would not be an appropriate part of the organization’s email policy?
a. Emails are the most efficient way to send information to many people at once. Because of a message’s potential broad impact, make sure to confirm that it is accurate and professional before hitting Send.
b. Email is the medium of choice for communicating disappointing or negative information, because using email avoids potentially heated personal interactions that may adversely impact the work environment.
c. Emails are best for short messages, so lengthy documentation of procedures or policies should be communicated another way, such as through handbooks or documents posted to the organization’s intranet.
d. Emails lack the nonverbal component of communication, so if it’s possible that one party misunderstands the other, employees should move the communication to a phone conversation or meeting.
Answer:
b. Email is the medium of choice for communicating disappointing or negative information, because using email avoids potentially heated personal interactions that may adversely impact the work environment
Lilly would like to start investing. What tools and services can she benefit from?
Answer:
stocks, mutual funds, retirement investments
Explanation:
The Laffer curve shows that Group of answer choices at some specific tax rate, tax revenue is maximized. tax revenue is constant overall tax rates. tax revenue decreases as tax rates increase. tax revenue is maximized at multiple tax rates. tax revenue increases as tax rates increase.
The Laffer curve shows that at some specific tax rate, tax revenue is maximized.
The Laffer Curve theory was developed by Arthur Laffer in 1974. The curve shows the relationship between tax rates and tax revenue. According to this theory, higher income tax rate diminishes the desire of labour to work and invest. This is because higher income increases the amount of tax to be paid. This means that at some point, increase in the tax rate would decrease government revenue rather than increase it.
The theory submits that there is an optimal tax rate at which tax income is maximised. Once this point is exceeded, increase in tax rate would reduce the revenue earned by the government.
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12. What is the tendency of suppliers to offer more of a good at a higher price?
On January 1, 2022, Austin Company received a 12-month, $100,000 note with a stated rate of 7%. On April 30, 2022, Austin discounted the note at the Houston Bank. The bank's discount rate is 8%. What are the cash proceeds from discounting the note receivable?
Answer:
$101,293
Explanation:
$100,000 face amount + $7,000 interest to maturity ($100,000 x 7%) = maturity value less the discount for the time remaining to maturity of $5,707 ($107,000 x 8% x 8/12) = $101,293
The basic logic behind the Rational Rule for Sellers is that a company owner should increase output as long as the extra output A. moves the company toward maximum total revenue. B. leads to a larger gap between price and average total costs. C. leads the company toward minimum average total costs. D. adds more to revenue than it adds to costs.
According to the logic behind the Rational Rule for Sellers, a company owner should increase output when the extra output D. adds more to revenue than it adds to costs.
According to the Rational Rule for Sellers, a seller should only choose the output level where the marginal cost is equal to the marginal revenue.
It should be noted that the owner of a company should increase output when the extra output adds more to revenue than it adds to costs. This is vital in order to increase the revenue and profit of the firm.
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