Answer:
Assets = Liabilities + Owners' Equity
Explanation:
The reason is that it is the basic accounting equation that forms the basics of the double entry. It is main equation from which all the Gernally Accepted Accounting Principles and International Accounting Standards had originated. This helps us to understand a big picture of an entity either it is by record keeping, financial statement analysis, uncovering frauds, provision of system of check and balance and many more. This is the reason why the basic accounting equation has immense importance in Sarbanes Oxley Act, Companies Act, etc.
Century Real Estate’s primary broker is John Kerr. John is licensed as the broker of that company and he is licensed as a broker sales associate in his brother-in-law’s firm of Boch Real Estate, where John only works once a week or so. In this case:
Answer:
The broker is doing two different jobs; so it is okay to have two different licenses.
Explanation:
In this case, since the broker is doing two different jobs then it is okay for him to have two different licenses. In a hypothetical case that the individual Broker was doing the same job role for two different companies then that would be considered a form of conflict of interest and may cause problems with both firms in the future. Since this is not the case, then he should not have any problem.
A perfectly competitive small organic farm that produces 1,000 cauliflower heads in the short run has an ATC = $6 and AFC = $2. The market price is $3 per head and is equal to MC. In order to maximize profits (or minimize losses), this farm should:
Answer:
the firm should shut down, at least temporarily until the marginal revenue increases or definitely if the marginal revenue doesn't increase
Explanation:
if average total costs = $6 and average fixed costs = $2, then average variable costs = $6 - $2 = $4
since the average variable costs are higher than marginal revenue: $4 > $3, then the company is losing money (-$1) every time it sells its products.
The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease in accts. receiv. 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 What is cash flow from operating activities for Armstrong Company?
Answer:
$505
Explanation:
Armstrong Company
Cash flow from operating activities
Adjustments to reconcile net income to operating cash flow.
Net income
$450
Less : Increase in plant and equipment
($170)
Add : Depreciation expenses
$80
Add : Payment of dividends
$10
Add : Decrease in accounts receivable
$20
Add : Increase in long term debt
$100
Less : Increase in Inventories
($15)
Add : Decrease in Account payable $30
Net Cash flow from operating activities
$505
"Two unrelated persons (Person A and Person B) come into your branch office to open a new account. They tell you that the funds are being deposited by Person A, who will be the owner of the account, and that Person B wants to be able to trade the account. They also tell you that only 1 social security number is to be used on the account. How should the account be opened?"
Answer: Individual account in the name of Person A with a Third Party Trading Authorization granted to Person B
Explanation:
An account that has two or more signatory is known as a joint account. When this account is opened, both parties or all signatory to the account will have to either be physically present or would provide details about about themselves to be used for opening of the account. The account is then opened and all signatory to the account can access and be informed about every detail about the account as there is no preference of one person over the other.
Pete noticed a pattern at the annual budgeting session of his company. Mid-level managers were asking for unrealistically high budgets while top management was attempting to limit budgets under last year's actual expenditures. Management used ________ strategies.
Answer:
Tactical behavior.
Explanation:
In this scenario, Pete noticed a pattern at the annual budgeting session of his company. Mid-level managers were asking for unrealistically high budgets while top management was attempting to limit budgets under last year's actual expenditures. Hence, we can safely conclude that the management used tactical behavior strategies.
Tactical behavior strategy can be defined as the process of using tactics or maneuvers to achieve the best outcome which is aimed beyond an immediate action to problems.
A company has revenues of $1,250,000 with a net profit margin of 10%. If the depreciation for the year is $75,000, short-term investments decreased by $15,000, accounts receivable increased by $10,000, inventory decreased by $5,000 and accounts payable decreased by $6,000, what is the net cash provided by operations.
Answer:
$204,000
Explanation:
The computation of net cash provided by operations is shown below
Cash flow from operating activities
Net profit ($1,250,000 × 10%) $125,000
Add: depreciation expense $75,000
Add: Decrease in short term investment $15,000
Less: Increase in account receivable -$10,000
Add: Decrease in inventory $5,000
Less: Decrease in account payable -$6,000
Net Cash provided by operations $204,000
The minus sign depicts the cash outflow and the positive sign depict the cash inflow
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 7.3 percent paid annually.If the yield to maturity is 8.6 percent, what is the current price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Current price �
Answer:
892.69
Explanation:
Given the following :
Par value of bond (FV) = 1000
Period (n) = 15 years
Coupon rate (r) = 7.3% annually
Yield to maturity (r) = 8.6% = 0.086
The coupon price = 7.3% of par value
Coupon price (C) = 0.073 * 1000 = 73
Current price of bond can be computed using the relation:
= C * [1 - 1 / (1 + r)^n] / r + (FV / (1 + r)^n)
73 * [1 - 1/(1+0.086)^15]/0.086 + 1000/(1 + 0.086)^15
73*(1 - 1/3.44704)/0.086 + (1000/(1.086)^15)
= 73*8.2546131 + 290.10326
= 602.5867563 + 290.10326
= 892.69
You are going to receive $80 at the end of each year for the next 12 years. If you invest each of those amounts at 12%, then what amount of money will you have at the end of the 12th year
Answer:
FV= $1,930.65
Explanation:
Giving the following information:
Cash flow= $80 a year
Number of periods= 12 years
Interest rate= 12% compounded annually
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {80[(1.12^12) - 1]} / 0.12
FV= $1,930.65
A member of the city commission insists that the city's internal service fund prepare and submit a budget for commission approval. The commissioner argues that it is only through the budget that the commissioners will be able yo ensure control over the internal service fund. Do you agree or disagree with the commissioner's argument
Answer:
Disagree
Explanation:
In simple words, I will differ with the statement, as I feel that the City Commission will be in a position to monitor the cash flow inside the service delivery resources by providing the expenditure.
There are various sources such as frequent auditing as well as various approvals that has to go through the high command, for using the funds generate.
Thus, the commissioners is arguing wrong perspective with the council.
2. When a U.S. citizen buys $500 of Chinese-made parts for a motorcycle, a. U.S. consumption falls by $500, U.S. net exports decline by $500, and U.S. GDP declined by $1000. b. U.S. consumption does not change, U.S. net exports decline by $500, and U.S. GDP declined by $500. c. U.S. consumption increases by $500, U.S. net exports remain the same, and U.S. GDP increases by $500. d. U.S. consumption increases by $500, U.S. net exports decline by $500, and U.S. GDP remains the same.
Answer:
D
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
The purchase increases consumption spending on durable goods by $500. Also, because the good is imported, imports increase by $500. Import in a negative function of net export. Net export decrease by $500.
the increase in consumption cancels out the decreases in net export, so GDP remains the same
Assume Jones Manufacturing begins March with 20 units of inventory that cost $15 each. During March, the following purchases and goods sold were: March 15 Purchased 25 units at $18 30 Sold 30 units Using the FIFO inventory costing method and the perpetual system, what is the ending Merchandise Inventory on March 30?
Answer:
$270
Explanation:
The computation of the ending inventory using the FIFO method is shown below:
But first we have to determine the ending inventory units which is shown below:
= Beginning units + purchased units - sale units
= 20 units + 25 units - 30 units
= 15 units
Now the ending inventory is
= 15 units × $18
= $270
Hence, the ending inventory is $270
John and Jane are a married couple. John is a medical doctor, while Jane is a business executive. They maintain their finances separately - John has his options account at BD "A." while Jane has her options account at BD "B." John and Jane were talking over dinner about the latest news coming from XYZZ Corp. and they decide that the stock will likely move up rapidly. The next day, John places an order with his broker to buy 140,000 XYZZ calls and Jane calls her broker and places an order to buy 160,000 XYZZ calls. The position limit for XYZZ is 250,000 contracts on each side of the market. Which statement is TRUE
Answer:
The remaining part of the question is:
Which Statement is True:
A. This is not a violation of position limits because the positions were taken in accounts at different broker-dealers
B. This is not a violation of position limits because each individual acted independently when placing his or her order
C. This is not a violation of position limits because of the marriage exemption from position limit violations
D. This is a violation of position limits
Correct Answer:
D. This is a violation of position limits
Explanation:
Since Jane and John are couple, it would be treated as a single entity despite the fact that, they operate different account in different banks. The position limit for XYZZ is 250,000 contracts whether as an individual or as a couple placed independently or jointly.
Elderly travelers as well as those who are physically challenged find it hard to climb stairs when they are allotted motel rooms which are not on the first floor.The Convenience Inn has succeeded in catering to this specific group of customers via its motels,all of which have one floor of rooms with no stairs to climb.Which of the following refers to The Convenience Inn's success in identifying distinct groups of consumers whose needs,wants,and purchasing behavior differ from others in important ways?A) market penetrationB) market developmentC) market segmentationD) product developmentE) diversification
Answer:
C) market segmentation
Explanation:
The market segmentation refers to the segmentation of the market i.e division that are depended upon various attributes like the same interested, needs, locations, taste and preferences. It could be behavior, geographical, psychographic, demographic, etc
In the given situation, since Convenience Inn is succeeded in catering to the particular customer groups so this represents the market segmentation
Payroll deductions are the same for all employees. True False
Answer:
may be yeah...it can be true
Answer:
False
Explanation:
because it would mean that all the jobs that are done are the same just like your work position like manager, and other stuff like that
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEPT A) investors own an undivided interest in a pool of mortgages B) GNMAs are considered to be the riskiest of the agency issues C) the minimum initial investment is $25,000 D) investors receive a monthly check representing both interest and a return of principal
Answer:
B) GNMAs are considered to be the riskiest of the agency issues
Explanation:
The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.
Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).
Compute the MIRR statistic for Project I and note whether to accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 15 percent. Project I
Answer:
13%
Explanation:
The computation of MIRR is shown below:-
=MIRR({-1000;400;300;200;300;50},15%,15%)
= 12.666%
or
= 13%
Since the MIRR is 12.67% and the appropriate cost of capital is 15% so the project should be rejected as it is less than the cost of capital
For more clarification please find the spreadsheet so that we make more understand.
Company A has a patent with a book value of $500,000. At December 31, 2019, the fair value of the patent is determined to be $450,000. The expected future cash flows associated with the patent is $650,000. What amount of impairment should Company A record on this patent at 12/31/19?
Answer:
$50,000
Explanation:
A patent should be recorded at fair market value. When the book value of a patent is higher than its market value, then its book value should decrease. This decrease in the book value is called impairment.
In this case, the patent's book value is $500,000, but its market value is $450,000. The impairment loss = $500,000 - $450,000 = $50,000.
5 years ago, an individual had invested $10,000 in an Investment Trust. Over those years, the trust has distributed $2,000, consisting of $1,600 of dividends and $400 of capital gains. The investor has reinvested these distributions in additional trust units. The investor's aggregate current cost basis in the Trust is:
Answer: $12,000
Explanation:
From the question, we are informed that years ago, an individual had invested $10,000 in an Investment Trust and that over those years, the trust has distributed $2,000, consisting of $1,600 of dividends and $400 of capital gains and also that the investor has reinvested these distributions in additional trust units.
The investor's aggregate current cost basis in the Trust will be the beginning basis which was $10,000 added to the $2000 that was distributed. This will be $12,000.
There is a different short-run Phillips curve for every level of the ___________ inflation rate. The inflation rate at which the short-run Phillips curve intersects the long-run Phillips curve equals the ___________ inflation rate.\
Answer: expected; expected
Explanation:
The Phillips curve is an economic concept whereby it is stated that there is a stable and inverse relationship between inflation and the unemployment in an economy.
According to this theory, inflation is as a result of economic growth and this will lead to reduction in unemployment.
There is a different short-run Phillips curve for every level of the expected inflation rate. The inflation rate at which the short-run Phillips curve intersects the long-run Phillips curve equals the expected inflation rate.
Megan is a salesperson for a company that manufactures chemicals. While reviewing her new leads, Megan learned that two of them just signed contracts with one of her company's major competitors. Which of the following best describes why Megan will not consider these two leads as sales prospects?a. They do not have the budget or financial resources to purchase the product.b. They do not have a need for the products or services her company is offering.c. They are too busy to meet with salespeople.d. They do not have the authority to make a purchase decision.e. They are not in her company's target market.
Answer: They do not have a need for the products or services her company is offering.
Explanation:
From the question, we are informed that Megan is a salesperson for a company that manufactures chemicals and that while reviewing her new leads, she learned that two of them just signed contracts with one of her company's major competitors.
Megan will not consider these two leads as sales prospects because they do not have a need for the products or services her company is offering. This is because they signed a contract with their competitors.
Seneca owns an interior painting service. Seneca promises Fran, a homeowner, that Seneca will paint the outside of Fran’s house. Seneca knows that all of the painter-employees are busy for the next two months and really does not intend to paint Fran’s house. In this case, Seneca’s tortious behavior is known as:
Answer:
Promissory fraud.
Explanation:
In this scenario, Seneca owns an interior painting service. Seneca promises Fran, a homeowner, that Seneca will paint the outside of Fran’s house. Seneca knows that all of the painter-employees are busy for the next two months and really does not intend to paint Fran’s house. In this case, Seneca’s tortious behavior is known as promissory fraud.
Promissory fraud can be defined as a promise made by an individual or business entity (promisor), when in actual fact they have absolutely no intention to perform the actions or fulfil the promise when it was made the other party.
Hence, Seneca exhibited a promissory fraud because he is aware that all of the painter-employees are busy for the next two months and really does not intend to paint Fran’s house.
Assume that a single commercial bank has no excess reserves and that the reserve ratio is 20 percent. If this bank sells a bond for $1,000 to a Federal Reserve Bank, it can expand its loans by maximum of:
Answer:
it should be only 1,000
Explanation:
In a case, that an individual commercial bank has no extra reserves and that the reserve ratio is 20 percent. If this bank sells a bond for $1,000 to a Federal Reserve Bank, it can expand its loans by maximum of $1,000.
When commercial banks receive loan from the Federal bank?Banks can acquire the loan from the Federal Banks to receive reserve responsibilities. The rate traveled to banks is called the discount rate, that is normally higher than the rate that banks hasten each other.
Banks can acquire from each another to meet reserve requirements, which is charged at the federal funds rate.
In the scenario of a single commercial bank with no surplus reserves and a reserve ratio of 20%. If this bank sells a bond to a Federal Reserve Bank for $1,000, it can increase its loan limit by $1,000.
Therefore, the loan can be expanded by the maximum of $1,000.
Learn more about the loan, refer to:
https://brainly.com/question/11794123
#SPJ2
When it is time for Margaret to provide performance appraisals, she organizes her subordinates in a list from best employee to worst employee. Which method does Margaret most likely use
Answer:
Ranking method
Explanation:
Ranking method for performance appraisal is the oldest, and it involves the use of rankings in evaluating the performance of employees. Employees are usually organized depending on their worth; they are ranked in different categories from the highest performance to the lowest performance or from the best employee to the worst employee. This type of method compares between employees.
If the elasticity of demand for spring break packages to cancun is -5 , and if you notice that this year in cancun the quantity of packages demanded increased by 10% , then what happened to the price of cancun vacation packages ?
Answer: Price reduced by 2%
Explanation:
The price elasticity of demand shows how the demand for a good will change as a result of a change in price. Demand will usually increase as a result of a decrease in price because people tend to demand more when goods are cheaper.
The formula is;
Price elasticity of demand = ΔQuantity demanded / Δ Price
-5 = 10% / P
-5P = 10%
ΔP = -2%
Causal research describes the marketing phenomena under study. B. Causal research is informal and unstructured. C. Causal research isolates the relationship between an independent variable and a dependent variable. D. Causal research answers the questions of who, what, when, where and how. E. Causal research is the seventh step in the marketing research process.
Answer:
Option B (Causal research is informal and unstructured) is the correct choice.
Explanation:
As when the process has gained, causal research has been undertaken to diagnose the source surrounding a person's action. It wants to find this same relationship among variables as to conjecture. It attempts to evaluate whether the explanatory variables shift throughout the exponential function, with variants.It could also be used in such a corporate setting to measure the impact that a transition to some of its present activities would have to aid in the corporate planning phase for its potential production rates.Some other three choices have no relation to the given incident. Such that the stated option is B.
Considere que a empresa vale dos lirios Ltda, recebeu por meio de caixa, o valor registrado an conta de clientes referente a venda efetuada no mês de marco/2020- no valor de $3.400,00. Qual a alternativa que corresponde o método das partidas dobradas?
Responda:
Por favor, verifique a explicação
Explicação:
O método de dupla entrada simplesmente se refere a um princípio contábil em que cada transação realizada tem um registro duplo, ou seja, se uma operação de crédito é realizada, o débito correspondente é registrado, da mesma forma, quando ocorre um débito, o lançamento a crédito correspondente também é registrado ao lado.
No cenário acima, a entrada de débito do ativo adquirido pelo cliente à vista de R 3.400 enquanto a vale Lirios Ltda é creditada com o dinheiro recebido na venda de seu ativo.
Ativo Caixa R $ 3.400 - - - - Débito
vale Lirios Ltda (ativo) R $ 3.400 - - - crédito
"Literacy is prerequisite of development. Justify this statement with examples.
Answer:
The classification of the subject in question is mentioned throughout the paragraph below.
Explanation:
Literacy seems to be a developmental requirement since knowledge and learning require the ability or skills to read and understand. Each body produces to speak and understand skills. Upcoming generation, as well as young ones, is incredibly knowledgeable, individuals who could get strong knowledge only need a graduate assistantship.
The buyer of a futures contract is said to have a __________ position, and the seller of a futures contract is said to have a __________ position in futures. Group of answer choices margined; long short; long short; short long; short long; long
Answer: long; short
Explanation:
The buyer of a futures contract is said to have a long position, and the seller of a futures contract is said to have a short position in futures.
The buyer of a futures contract is said to have a long position as the individual wants to buy the commodity at its delivery date while the seller will deliver when it matures.
The receipt of dividends and interest from abroad as a result of ownership of foreign assets by a country's residents is recorded as what:____________.
Answer:
income-generating assets under the current account of the balance of payment.
Explanation:
In international trade to balance of payments between countries looks at inflow and outflow of funds as a result of trade.
When there is balance of trade deficit the country imports from others. When there is balance of payment surplus the country exports to others.
The fund movement is recorded in various accounts. These are current account, capital account, and financial account.
The current account is used to record funds recieved from goods, services, income, and current transfers.
The receipt of dividends and interest from abroad as a result of ownership of foreign assets by a country's residents is recorded as
income-generating assets under the current account of the balance of payment.
A company’s perpetual preferred stock has a par value of $65 per share and it pays a dividend rate of 6.25% per year. The preferred stock’s market value is $58.63 per share and the company’s tax rate is 31%. If the flotation costs for preferred stock are 6.5%, what is the company’s annual cost of new preferred stock financing?
Answer:
Cost of preferred stock=7.41 %
Explanation:
A preferred stock entitles its investor to a fixed amount of dividend for the foreseeable future. The dividend payable by a preferred stock is similar to a perpetuity. Hence, the price of the stock would be the same as the present value of the dividend payable for the foreseeable future.
A preferred stock entitles its owner to a fixed amount of dividend. It is calculated as follows:
Cost of preferred stock = D/P(1-f) × 100
D- Preference dividend
P- stock price
F- flotation cost
Preference dividend = Coupon rate × Nominal value
DATA
Nominal value = $65
Stock price = $58.63
Dividend rate=6.25%
Flotation cost = 6.5%
Preference dividend = 6.25%× 65 = 4.063
Cost of preferred stock =(4.063 /58.63×(1-0.065) × 100 = 7.41 %
Cost of preferred stock=7.41 %
