The use of modified accrual accounting would be:
Capital projects fund: YesGovernment-wide financial statements: NoSpecial revenue fund: YesInternal service fund: NoThe correct answer is (b) Yes, No, Yes, No.
Modified accrual accounting is used by governmental funds (such as the capital projects fund and special revenue fund) in accounting for current financial resources and their inflows and outflows. It is not used in the government-wide financial statements or in internal service funds.
Option (a) is incorrect because the special revenue fund uses modified accrual accounting, not the government-wide financial statements.
Option (c) is incorrect because both the special revenue fund and internal service fund use modified accrual accounting, not just the special revenue fund.
Option (d) is incorrect because the capital projects fund and government-wide financial statements use different accounting methods, so they cannot both use modified accrual accounting.
Thus, option B is the correct answer.
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The greater the wealth of a country, generally, the better the opportunity a firm will have in that particular country.
True False
The statement that "the greater the wealth of a country, generally, the better the opportunity a firm will have in that particular country" is true.
Wealthier countries tend to have higher levels of infrastructure and resources that provide a better opportunity for firms to thrive. This includes access to a skilled labor force, efficient transportation networks, financial resources, access to capital, and a developed legal system.Highly developed countries typically have higher levels of purchasing power, allowing firms to access a larger consumer base. Wealthier countries also often have more resources to devote to research and development, allowing firms to more easily stay competitive in the global marketplace. Additionally, the more developed the legal system in a country, the easier it is for firms to navigate regulations, minimizing the risk of financial penalties or shutdowns.Finally, in wealthier countries, the government often takes an active role in supporting economic growth. This could include tax credits for businesses that invest in new technologies or incentives for firms to create jobs and invest in local communities.
In conclusion, the greater the wealth of a country, the more opportunity firms have to succeed in that country. Wealthier countries have higher levels of infrastructure and resources, a larger consumer base, access to research and development, and active government support.
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true or false in determining the cost of debt, a firm could use its yields and prices of outstanding bonds.
True. In determining the cost of debt, a firm can use its yields and prices of outstanding bonds.
Yields measure the return on bonds, while prices of outstanding bonds measure the market's valuation of the firm. The cost of debt is the effective rate a firm pays on its current debt obligations. To calculate the cost of debt, a firm can use either the yield to maturity of its bonds or the current market price of the outstanding bonds. The yield to maturity is calculated by taking into account the bond's coupon rate, length of time until maturity, and current market price. The current market price of the bonds is based on the current market yield and the bond's face value.
By comparing the yield to maturity or market price of the outstanding bonds to the coupon rate, the firm can determine its cost of debt.
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When considering risk response development, passing risk to another party instead of changing it is known as ____________ the risk.A. diminishingB. avoidingC. escalatingD. transferringE. retaining
When considering risk response development, passing the risk to another party instead of changing it is known as transferring the risk. Option D is the correct answer.
The main objective of the risk response is to get the risk to an acceptable level or to eliminate the risk. The identified risk is then evaluated using a qualitative or quantitative approach, and risk response planning takes place. The response plan outlines how the risk will be addressed. The purpose of the plan is to identify the actions that will be taken to mitigate, eliminate, transfer, or accept the risk. Risk transfer is one of the strategies employed in the risk response plan.
Risk transfer is a risk mitigation technique in which the risk is shifted from one entity to another. The ownership of the risk is shifted to a third party or a contractual arrangement. An insurance policy is one of the most prevalent examples of transferring risk. An organization can obtain insurance coverage to transfer risk. If a company is concerned about the financial impact of losing a key staff member, for example, it might buy key person insurance to offset the financial loss in the event of a death or disability.
Option D is the correct answer.
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Strong divergence will result when the ___ of jetstreak is co-located with the eastern branch of a ____.
Left exit, trough
Strong divergence will result when the left exit of jet streak is co-located with the eastern branch of a trough.
A jet streak is a small region of high wind speeds embedded in a jet stream that frequently occurs on the polar front. Jet streams are regions of rapid, high-altitude westerly winds that are caused by atmospheric pressure differences. The polar front jet stream, which is found in the mid-latitudes, is the most powerful and constant type of jet stream.
A trough is a region of low atmospheric pressure where the atmosphere slopes upward from east to west and air converges into the area at low altitudes. Divergence is the process of air spreading out horizontally from a central region of high pressure in the atmosphere, similar to how spokes radiate outward from a hub. Divergence is associated with the upward motion of air in the atmosphere. Strong divergence results in more updrafts, which are crucial to the formation of thunderstorms, cyclones, and other extreme weather phenomena.
Hence, strong divergence will occur when the left exit of jet streak is situated with the eastern branch of a trough.
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An example of an expatriate is aA. person born in the United States and currently a Japanese citizen working in Japan.B. person born in Germany but currently a U.S.citizen working in the United States.C. Japanese citizen working in Japan for a Japanese firm.D. U.S. citizen working for a Japanese firm in the United States.E. U.S. citizen working for a U.S. firm in Germany
An expatriate is a person who lives outside of their home country. So, an expatriate is a person born in Germany but currently a US citizen working in the United States. Thus, option B is correct.
An expatriate is a person who lives outside their native country. Expatriates are also known as ex-pats.
They are individuals who are not originally from a specific country, but who have migrated to that country for a certain period. An expatriate can be of any nationality, gender, or age.
According to the definition provided in the given question, an example of an expatriate is a person born in Germany but currently a US citizen working in the United States.
Therefore, option B is the correct choice of answer for this question.
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A(n)______ is a person who learns of nonpublic information from an insider,and is generally viewed as a temporary insider.A) underwriterB) controlling personC) issuerD) tippeeE) dealer
A tippee is a person who learns of non-public information from an insider, and is generally viewed as a temporary insider.
A tippee is a person who learns of non-public information from an insider, and is generally viewed as a temporary insider.
In contrast to a controlling person, a tippee is somebody who gets confidential information from someone who is already an insider. A controlling person, as we know, is someone who is in charge of or oversees the activities of another person or group of people.
In finance, the term "issuer" refers to a company or government entity that sells securities to the public.
Dealers are businesses or individuals who purchase securities and then resell them for a profit.
An underwriter is a company or investment bank that assists in the issuance of securities to the public.
Insider trading refers to the buying or selling of securities by an insider who has access to material, non-public information about a company.
Insider trading is unethical, dishonest, and illegal, and it undermines confidence in the fairness and transparency of the capital markets.
Insiders, on the other hand, must follow specific rules and regulations when buying or selling securities in order to ensure that the playing field is level for all market participants. Insider trading can lead to hefty fines, legal penalties, and even imprisonment.
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in the early 1990s, banks began offering check-writing privileges on money market mutual funds. this caused
In the early 1990s, banks began offering check-writing privileges on money market mutual funds. This caused an increase in the competition between banks and money market mutual funds for customers.
Money Market Mutual Fund (MMMF) is a mutual fund that invests in high-quality, low-risk, short-term money markets instruments such as government securities, certificates of deposit, and commercial paper. MMFS has check-writing privileges that are similar to those of checking accounts. They may, for example, enable you to write checks or make withdrawals up to a certain limit per month. MMMFs pay interest on your account balances, but it is significantly lower than that of savings accounts.
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There are two steel companies operating in a country, Firm A and Firm B. The market demand is estimated to be Q(P) = 500−20P where P is price and Q is quantity. Marginal cost is $10 per unit for both firms. The firms simultaneously decide how much steel to produce at the beginning of the year and then prices adjust so that supply equals demand.(a) Determine Firm A’s best response function.(b) Determine the equilibrium price, quantity, and profit of the game played between Firm A and Firm B.(c) Suppose that demand shifts to Q(P) = 560−20P. What is the new price and quantity?(d) Say the firms develop technology to quickly adjust quantity of steel produced. Therefore, firms compete by setting price. What is the equilibrium price, quantity, and profit of the game played between the firms? Does the answer depend on whether demand is Q(P) = 500 − 20P or Q(P) = 560 − 20P? Explain. 1
(a) The best response function for Firm A is: Quantity = (P-50)/10.
Firm A's best response function is the solution to the following maximization problem:
maximize Profit = (Price - Marginal Cost) *Quantity.
In this case, Profit = (P-10) *(500-20P).
(b) Profit= 16800, equilibrium price of P = 30 and an equilibrium quantity of Q = 440.
Firm A's profit at this equilibrium will be.
(30-10) *440 = 16800.
When supply equals demand, the equilibrium price and quantity can be determined by setting the demand curve equal to the best response function from Firm A.
In this case, 500 - 20P = (P-50)/10.
Solving for P gives an equilibrium price of P = 30 and an equilibrium quantity of Q = 440.
(c) New price=40 and new quantity=520
When the demand shifts to Q(P) = 560−20P,
the new equilibrium price and quantity can be determined by setting the demand curve equal to the best response function from Firm A.
In this case,
560 - 20P = (P-50)/10.
Solving for P gives an equilibrium price of P = 40 and an equilibrium quantity of Q = 520.
(d) The equilibrium price will be P = 30 and the equilibrium quantity will be Q = 440.
When firms compete by setting price, the equilibrium price and quantity of the game played between the firms depends on the demand curve. For example, if the demand curve is
Q(P) = 500 − 20P,
the equilibrium price will be P = 30 and the equilibrium quantity will be Q = 440.
If the demand curve shifts to Q(P) = 560 − 20P,
the new equilibrium price will be P = 40 and the equilibrium quantity will be Q = 520.
Therefore, the answer does depend on whether the demand is Q(P) = 500 − 20P or Q(P) = 560 − 20P.
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natural groceries has a policy of not buying paper products, such as paper towels, from certain companies if they are made with rainforest wood. natural groceries is sending an economic message that it protests deforestation because of severe damage to the environment. this is an example of a .
This is an example of a boycotting policy. As natural groceries is sending a strong message against deforestation and damage which is caused to the environment
What are natural groceries?Natural groceries are food items that are sold in stores that specialize in natural and organic foods. These foods are not manufactured with harmful chemicals or preservatives, but rather they are grown and harvested using sustainable methods. The company's policy of not buying paper products from certain companies if they are made with rainforest wood is an example of a boycotting policy. This policy protests deforestation because of the severe damage it can cause to the environment.
What is the boycotting policy?By not buying paper products from companies that use rainforest wood, Natural Groceries is sending a strong economic message that it protests deforestation and the severe damage it does to the environment.
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Type your answer in the box. Pearls, Pearls, Pearls manufactures and sells jewelry. The total variable cost of goods sold this month is $72,490. Variable selling and administrative cost is $22 per unit sold. If 350 units are produced and 314 units are sold this month, the total variable cost for the month is $ D Read about this Do you know the answer? I know it Think so Think so Unsure unsure No idea
The total variable cost for the month is ($72,490): $6,908 + $72,490 = $69,028.
Pearls, Pearls, Pearls manufactures and sells jewelry. The total variable cost of goods sold this month is $72,490. Variable selling and administrative cost is $22 per unit sold. If 350 units are produced and 314 units are sold this month.
To calculate this, you would first multiply the variable cost per unit ($22) by the total units sold (314 units): 22 x 314 = $6,908.
Then, you would add this to the total variable cost of goods sold ($72,490): $6,908 + $72,490 = $69,028.
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When sulfur dioxide is emitted into the air it is transported over long distances and is converted to sulfuric acid. This gradually falls to the ground, either as ratio or snow simply by settling out of the air. This is called acid deposition. In what way can acid deposition be consider a rival bad?
Acid deposition can be considered as a rival bad because it can cause several harmful effects on the environment and living organisms.
This phenomenon is mainly caused by the emission of sulfur dioxide and nitrogen oxides from human activities like burning fossil fuels, industrial processes, transportation, and agricultural practices. These gases combine with atmospheric moisture to form sulfuric acid and nitric acid which then falls to the ground as acid deposition.Acid deposition can be harmful to the environment in various ways. Some of the effects are described below:
1. Damage to soil quality: Acid deposition can make the soil acidic which can lead to the loss of important nutrients and minerals in the soil. This can lead to a decrease in soil fertility which can negatively impact the growth of plants and crops. 2. Impact on water bodies: When acid deposition falls on water bodies like lakes, rivers, and oceans, it can cause the water to become acidic. This can have adverse effects on aquatic life by killing fish and other aquatic organisms. 3. Damage to vegetation: Acid deposition can harm trees and other plants by damaging their leaves and interfering with their ability to absorb nutrients. This can lead to stunted growth and even death of the plant. 4. Impact on human health: Acid deposition can cause respiratory problems in humans by leading to the formation of tiny particles that can be inhaled. It can also lead to the formation of acid rain which can cause skin irritation and other health problems.Therefore, acid deposition can be considered a rival bad because it can have a negative impact on the environment and human health. It is important to reduce the emission of gases like sulfur dioxide and nitrogen oxides to minimize the effects of acid deposition.
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Corley, a successful store manager leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group and team efforts. Carley manages at Kohlberg's level of personal moral development Multiple Choice second acceptable o nonconventional conventional
The statement describes Corley as a manager who encourages and motivates her employees while also promoting teamwork, indicating a higher level of moral development. The correct naswer is E.
At the second level of moral development, individuals have an interpersonal perspective and are focused on meeting the expectations of others while conforming to social norms and values. They are interested in maintaining relationships and showing concern for others. Corley's behavior suggests that she is beyond the conventional level and operates at the post-conventional level, where individuals have a personal moral code and are guided by universal ethical principles.
Therefore, option E is the correct naswer.
"
Complete question
Corley, a successful store manager leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group and team efforts. Carley manages at Kohlberg's level of personal moral development Multiple Choice
A: second
B: acceptable
C: nonconventional
D: conventional
E: higher
"
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which ledger can be updated solely from the receiving report? a. standard cost inventory ledger b. general ledger c. ap subsidiary ledger d. actual cost inventory ledger
C: AP subsidiary ledger can be updated solely from the receiving report.
The AP subsidiary ledger is a record of all outstanding accounts payable for a company. It is a subsidiary ledger to the general ledger and is used to keep track of the amounts owed to each vendor or supplier.
The receiving report is a document that is prepared when goods or services are received from a supplier. It contains details such as the date of receipt, the quantity and description of the goods or services received, and the name of the supplier.
Based on the information contained in the receiving report, the AP subsidiary ledger can be updated to reflect the amount owed to the supplier. This is because the receiving report provides proof that the goods or services have been received and that the supplier is owed payment.
The correct answer is "C: AP subsidiary ledger".
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Economic theory:
a. seeks to explain economic events
b. seeks to predict economic events
c. abstracts from the many detail that surrounds an economic event
d. all of the above
Economic theory is often a mixture of numerous subfields that address specific economic questions. Option d. all of the above is the correct answer.
What is an economic theory?
Economic theory surrounds the production, distribution, and consumption of goods and services. This study uses models to examine how economic agents, such as consumers and producers, interact in the marketplace. They utilize empirical data to test and refine the models' hypotheses.
They use theories and concepts to address complex economic issues that impact millions of people worldwide. They are attempting to answer fundamental questions about the distribution of income, wealth, and opportunities through economic research.
The economic theory encompasses a wide range of fields, including microeconomics, macroeconomics, international economics, behavioral economics, and econometrics. These fields use several methodologies to analyze and make sense of the world's economic activity.
As a result, economic theory is often a mixture of numerous subfields that address specific economic questions.
Therefore, option d. all of the above is the correct answer.
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The National Recovery Administration (NRA), headed by Hugh S. Johnson, set codes that set prices and wages in many American industries; the NRA's symbol, which stores and factories that abided by the code displayed, was
Hugh S. Johnson led the National Recovery Administration (NRA), which established standards for ethical conduct and regulated salaries and prices for many American sectors. The NRA's logo was a blue eagle, which businesses that adhered to the code were required to display.
What did the National Recovery Agency achieve while Hugh S. Johnson was in office?Hugh S. Johnson's National Recovery Agency (NRA), which was in charge of setting moral standards and setting prices and compensation for many American businesses, did both. Businesses who followed the rule had to display the blue eagle that is the NRA's insignia.
What did the National Recovery Administration (NRA) set out to accomplish? What was the goal of it, and how did it affect the nation?Without the National Industrial Recovery Act (NRA), which gave the president the authority to enact industry-wide rules intended to outlaw unfair trade practices, reduce unemployment, set minimum wages and hourly limits, and safeguard workers' rights to collective bargaining, the NRA would not have been able to achieve its goals.
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Suppose that the government purchases $50 million worth of computers from China. Which of the following GDP accounts will be affected?a. Consumption
b. Investment
c. Government Purchases
d. Net Exports
The GDP account that will be affected is "Government Purchases." Thus, C is the correct answer.
What is GDP?GDP, or Gross Domestic Product, is the total value of all goods and services produced within a country's borders in a given period. It is the most frequently used measur
e of a country's economy. The term "domestic" refers to the fact that GDP includes only economic activity within a country's borders.
There are four GDP accounts that are measured. They are as follows:
Consumption: This category includes all of the purchases that consumers make, such as food, clothing, and entertainment.Investment: This category includes all business investments in machinery, buildings, and equipment. It also includes all government investment.Government Purchases: This category includes all government purchases of goods and services. These can include everything from office supplies to military equipment.Net Exports: This category includes all imports and exports. When exports are greater than imports, a country has a positive net export balance.Learn more about GDP https://brainly.com/question/1383956
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Some people are in favor of reducing federal taxes to increase consumer spending and others are against it. Two persons are selected and their opinions are recorded. Assume no one is undecided. Find the number of possible outcomes. Number of possible outcomes A survey of 35 students at the Wall College of Business showed the following majors: Accounting Finance Economics Management Marketing 9 9 Click here for the Excel Data File From the 35 students, suppose you randomly select a student. a. What is the probability he or she is a management major? (Round your answer to 3 decimal places.) Probability b. Which concept of probability did you use to make this estimate?
The concept of probability used to make this estimate is relative frequency. Relative frequency is the probability of an event occurring based on its frequency relative to the total number of events. In this case, the relative frequency of a management major out of the 35 students is 9/35, or 0.257.
This means that there is a 25.7% chance that a randomly selected student is a management major. This type of probability is based on the law of large numbers, which states that if the number of trials is large enough, the relative frequency of an event will approach its true probability.
Thus, in this case, the relative frequency of a management major out of the 35 students can be used to estimate the true probability of a student being a management major.
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west company borrowed $34,000 on september 1, year 1 from the valley bank. west agreed to pay interest annually at the rate of 9% per year. the note issued by west carried an 18-month term. based on this information the amount of interest expense appearing on west's year 1 income statement would be: multiple choice $0. $306. $765. $1,020.
The amount of interest expense appearing on West's year 1 Income statement would be: $1,020.
Here's how we can calculate it:
we need to find out the interest on the principal amount of $34,000 for a year. We can do that by multiplying the principal amount with the interest rate per year.
Given,
Amount borrowed by west company from valley bank = $34,000
Interest paid = 9% per year
Time = 1st Sept to 31st Dec = 4 months
The note issued by West carried an 18-month term.
Interest expense = Principal amount × Rate × Time period
= $34,000 × 9% × (4 ÷ 12)
= $34,000 × 0.09 × (1 ÷ 3)
= $1,019.898.
After rounding off =$1,020
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when firms issue , the amount of interest and principal to be paid is based on specified market conditions. the amount of the repayment may be tied to a treasury bond price index or even to a stock index. a. leveraged notes b. structured notes c. stripped securities d. auction-rate securities
The correct option is b) structured notes. Structured notes are used by financial advisors to create a tailored investment product for their clients based on the client's risk preferences and investment objectives.
What are structured notes?
Structured notes are debt securities that combine a bond with an embedded derivative to offer a product with customized risk-return characteristics. These are debt securities that contain a bond component and an option component.
The underlying bond is the issuer's debt obligation, whereas the derivative component provides a varying payoff depending on the performance of an underlying asset or index, such as stocks, commodities, or currencies.
When firms issue structured notes, the amount of interest and principal to be paid is based on specified market conditions. The quantity of the reimbursement can be tied to a treasury bond fee index or maybe to a inventory index.
These notes have become more popular with retail investors due to their flexibility and potential to offer higher returns than traditional fixed-income securities.
The option b) structured notes is correct.
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lydia works as a senior network administrator and is dissatisfied with the stifling bureaucratic environment of her job. she is considering venturing out on her own as a consultant. if she carries through with her intentions, she would be considered a(n) a. entrepreneurial dilettante. b. corporate refugee. c. corporate pariah. d. bureaucratic emigrant.
Lydia would be considered a corporate refugee if she decides to venture out on her own as a consultant.
As a senior network administrator, Lydia has acquired enough knowledge and experience to start her own consulting business. She is considering starting her own consulting business because she is dissatisfied with the bureaucratic environment of her job.
What is a corporate refugee?A corporate refugee is someone who leaves a corporate job to start their own business. The individual starts their own business because they are unhappy with their current job's bureaucratic environment. They have gained enough knowledge and experience to start their own business.
The individual leaves their corporate job because they want to have more control over their career. They also want to use their skills and knowledge in a better way. It requires effort, hard work, and a lot of dedication to start a consulting business.
A corporate refugee is someone who leaves a corporate job to start their own business. The individual starts their own business because they are unhappy with their current job's bureaucratic environment. They have gained enough knowledge and experience to start their own business.
The individual leaves their corporate job because they want to have more control over their career. They also want to use their skills and knowledge in a better way.
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when determining how large to make a visual, your main consideration is question 32 options: how many pages you need your report to be. how important and complex the information in the visual is. whether the visual's content is negative or positive. how much room you will need for borders. whether the visual will be in color or black and white.
When determining how large to make a visual, the main consideration is "how important and complex the information in the visual is." Thus, Option B is correct.
Additionally, factors such as how much room you will need for borders, whether the visual will be in color or black and white, and how many pages you need your report to be can also be taken into account.
Visual communication is defined as the process of exchanging information and ideas through visual aids. It involves combining text, images, and other graphics to communicate effectively. Visual communication is a crucial aspect of communication because it allows the receiver to get a better understanding of the message being conveyed.
Determine the size of your visual by considering how important and complex the information in the visual is. If the information is complex, the visual should be larger to allow for more details to be included. If the information is less complex, the visual can be smaller.
The size of a visual is not determined by the number of pages you need your report to be, how much room you will need for borders, whether the visual's content is negative or positive, or whether the visual will be in color or black and white.
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What is the inequality-adjusted human development index of the US?
In the following question, among the conditions given, The inequality-adjusted human development index (HDI) of the US is 0.862, as of 2019.
The IHDI measures human development based on standards of health, education, and income.
The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and having a decent standard of living.
The HDI is the geometric mean of normalized indices for each of the three dimensions. It is calculated as the geometric mean of a country’s life expectancy, education, and income indices. The inequality-adjusted human development index (IHDI) of the US is 0.862, as of 2019.
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in its first month of operations, literacy for the illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $7 on january 1, (2) 450 units at $8 on january 8, and (3) 750 units at $9 on january 29. assume 900 units are on hand at the end of the month. required: calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the fifo. assume perpetual inventory system and sold 600 units between january 9 and january 28. (round your intermediate calculations to 2 decimal places.)
The cost of goods available for sale is $12,450, cost of goods sold is $5,400 and ending inventory under the FIFO method is $8,100.
Calculation of the cost of goods available for sale:The total cost of goods available for sale can be calculated as:
300 units × $7 = $2,100
450 units × $8 = $3,600
750 units × $9 = $6,750
Total cost of goods available for sale = $2,100 + $3,600 + $6,750 = $12,450.
Calculation of cost of goods sold:Cost of goods sold can be calculated by subtracting the cost of ending inventory from the total cost of goods available for sale. Therefore, we need to find the cost of ending inventory first.
Calculation of ending inventory:
Ending inventory is the number of units left in stock after sales have been made. We are told that 900 units are left in stock at the end of the month. Therefore, the cost of the ending inventory can be calculated as follows:
300 units × $7 = $2,100 (Sold between January 1 and January 8)
450 units × $8 = $3,600 (Sold between January 8 and January 29)
150 units × $9 = $1,350 (Leftover)
Total cost of the ending inventory = $2,100 + $3,600 + $1,350 = $7,050.
Cost of goods sold can now be calculated as:
Total cost of goods available for sale = $12,450
Cost of ending inventory = $7,050
Cost of goods sold = $12,450 - $7,050 = $5,400.
Calculation of ending inventory under the FIFO method:Calculation of the weighted average cost per unit:
We can find the weighted average cost per unit by dividing the cost of goods available for sale by the total number of units available for sale. This will give us the average cost of a unit.
$12,450 / (300 + 450 + 750 + 900) = $12,450 / 2,400 = $5.19
Cost of goods sold using FIFO:
We can calculate the cost of goods sold using the FIFO method by multiplying the number of units sold by the cost of the oldest inventory. We can then subtract the cost of the inventory from the total cost of goods sold.
600 units were sold between January 9 and January 28, and the remaining 300 units were sold after January 28.
Cost of goods sold for 600 units sold between January 9 and January 28 = 300 units × $7 + 300 units × $8 = $2,100 + $2,400 = $4,500.
Cost of goods sold for 300 units sold after January 28 = 300 units × $9 = $2,700.
Total cost of goods sold = $4,500 + $2,700 = $7,200.
Ending inventory using FIFO:
Using the FIFO method, the cost of the ending inventory is the number of units left in stock multiplied by the cost of the newest inventory, which is $9.
Therefore, the ending inventory can be calculated as follows:900 units × $9 = $8,100.
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Cakes by Jacki has $144,000 of fixed costs per year. The contribution margin ratio is 59%. The sales dollars to break-even rounded to the nearest dollar equals: Click the answer you think is right. $203,040 $244,068 $351,220 $228,960
The sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.
The break-even point is that sales amount that will generate a profit of $0, and to calculate the sales amount, one should equate the total cost to the total revenue, given as:
= Or, Fixed costs + Variable costs = Total sales
Let, ‘x’ be the total sales amount, then the contribution margin will be 59% of the total sales:
Contribution margin = 59/100 × x= 0.59x
Therefore, the equation for total cost will be as follows:
Total Cost = Fixed Cost + Variable Cost = $144,000 + 0.41x
At the break-even point, the total cost equals the total sales. Hence, we can equate them:
Total sales = Total cost
x = $144,000 + 0.41xx - 0.41x = $144,0000.59
x = $144,000x = $144,000 / 0.59x
= $244,067.80 ≈ $244,068.
Hence, the sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.
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the cash flows of a project should: group of answer choices be computed on a pretax basis. include all incremental and opportunity costs. include all sunk costs and opportunity costs. include all financing costs related to new debt acquired to finance the project. be applied to the year when the related expense or income is recognized by gaap.
The cash flows of a project should (B) "include all incremental and opportunity costs".
Incremental costs are the additional costs that arise as a result of undertaking the project. Opportunity costs are the benefits that will be foregone if the project is undertaken, such as the returns that could have been generated from investing the funds elsewhere. By including both incremental and opportunity costs, the cash flows of a project will be a more accurate representation of the true economic impact of the project. This is important for making informed investment decisions and evaluating the profitability of a project.
Thus, the correct answer is option B.
"
Complete question
The cash flows of a project should: group of answer choices
A: be computed on a pretax basis.
B: include all incremental and opportunity costs.
C: include all sunk costs and opportunity costs.
D: include all financing costs related to new debt acquired to finance the project.
E: be applied to the year when the related expense or income is recognized by gaap.
"
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Suzanne has an important phone with a new client. She has prepared carefully for the call, providing an invitation and detailed agenda to the client. She decides she will make the call from the back corner of her favorite coffee shop, since she knows it will be quiet at the time of her call. Which of the following should she also do to make sure she has a successful phone call?
A - she should text the client to remind him of the call time
B - she should test the audio quality of her phone from the coffee shop location
C - she should remember to take her laptop
D - she should make sure she is dressed professionally
Answer:
the answer is B
Explanation:
When a $10 check written on the First National Bank of Chicago is deposited in an account at Citibank, thenA.the assets of Citibank decrease by $10.B.the liabilities of the First National Bank decrease by$10.C.the liabilities of Citibank decrease by $10.D.the reserves of the First National Bank increase by $10.
When a $10 check written on the First National Bank of Chicago is deposited in an account at Citibank then the assets of Citibank decrease by $10. The answer is OPTION A.
The liabilities of a bank grow by $1,000,00 when a deposit of $1,000,000 is made at a bank where the required reserve ratio is 20% and the bank decides not to maintain any surplus reserves but instead provides loans.
The bank will lose checkable deposits and gain reserves when a check is cleared against it. The basic deposit multiplier increases as the necessary reserve ratio is reduced. The deposit multiplier states that if the reserve requirement is 10%, banks must hold 10% of all deposits in reserve but can generate money and boost the economy by lending out the remaining 90%. The answer is OPTION A.
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you own a fixed-income asset with a duration of seven years. if the level of interest rates, which is currently 8.4%, goes down by 10 basis points, how much do you expect the price of the asset to go up/down (in percentage terms)? (input the value as a positive value. do not round intermediate calculations. round your answer to 2 decimal places.)
If the level of interest rates, which is currently 8.4%, goes down by 10 basis points, the expected change in the price of the asset is an increase of 0.7%.
Duration is a measure of the sensitivity of the price of a fixed-income asset to a change in interest rates. It measures the weighted average time to maturity of the bond's cash flows, taking into account the present value of each cash flow.
When interest rates decrease, the price of fixed-income assets tends to increase, and when interest rates increase, the price of fixed-income assets tends to decrease.
Using the modified duration formula:
% Change in Price = - Duration x % Change in Yield
Given that the duration is seven years and the yield decreases by 0.1%:
% Change in Price = -7 x (-0.1%) = 0.7%
Therefore, the expected change in the price of the asset is an increase of 0.7%.
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what is the effort to plan the coordination of demand forecasts with functional areas of the firm and its supply chain?
The effort to plan the coordination of demand forecasts with functional areas of the firm and its supply chain involves a number of steps.
First, the firm must analyze internal data to develop accurate demand forecasts. This includes examining past trends, customer feedback, competitor insights, and other internal data sources.
Second, the firm must develop a demand forecasting system that can integrate with the firm’s functional areas and its supply chain. This system should be able to capture external data such as customer surveys and market trends and combine it with internal data sources to develop an accurate and reliable forecast.
Third, the firm must create a communication and coordination system between its functional areas and the supply chain. This communication and coordination should focus on aligning demand forecasts and supply chain resources, which will enable the firm to be better prepared to meet customer demands.
Fourth, the firm must use the demand forecasting system to create projections for the future and make sure that its supply chain is able to meet those projections. This includes making sure that the firm has enough supplies and personnel to meet customer demands and that its products are in stock and delivered on time.
Finally, the firm must regularly review and evaluate the demand forecasting system and make adjustments if necessary. This includes examining past data, customer feedback, and any other relevant data sources to ensure that the firm is accurately forecasting customer demands.
By taking these steps, the firm can plan the coordination of demand forecasts with functional areas of the firm and its supply chain, enabling the firm to better meet customer demands and remain competitive in the market.
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Choose the right format of definition for the decision variable of 'Transportation Problem with 3 warehouses (whole sail stores or storages named as '1', '2', '3') and 4 stores (retail stores named as 'A', 'B', 'C', 'D'). X;= the number that you transport from warehouse i to store j. (for i = 1,2,3 & j = A,B,C,D) X = = the number that you transport from warehouse j to store i. Xi = the number that you transport from store i to warehouse j. (for i = 1,2,3 & j = A,B,C,D) Xij = the number that you transport from warehouse i to store j. (for i = A,B,C,D & j = 1,2,3) None of the above
None of the above is the correct format for the decision variable of a transportation problem.
The correct format of definition for the decision variable of 'Transportation Problem with 3 warehouses (whole sail stores or storages named as '1', '2', '3') and 4 stores (retail stores named as 'A', 'B', 'C', 'D') is as follows:
None of the above is the correct format for the decision variable of a transportation problem.
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