Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

May.
11 Sydney accepts delivery of $40,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $30,000. Sydney pays $345 cash to Express Shipping for delivery charges on the merchandise.
12 Sydney returns $1,400 of the $40,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $1,050.
20 Sydney pays Troy for the amount owed. Troy receives the cash immediately. (Both Sydney and Troy use a perpetual inventory system and the gross method.)

Required:
a. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions.
b. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions.

Answers

Answer 1

Answer:

1. Sydney Buyer

11 Dr Accounts Payable $40,000

Cr Merchandise Inventory $40,000

11 Dr Merchandise Inventory $345

Cr Cash $345

12 Dr Merchandise Inventory $1,400

Cr Accounts Payable $1,400

20 Dr Accounts Payable $38,600

Cr Merchandise Inventory $1,158

Cr Cash $37,442

2. Troy - Seller

11 Dr Accounts Receivables $40,000

Cr Sales $40,000

Dr Cost of Goods Sold $30,000

Cr Merchandise Inventory $30,000

13 Dr Sales Returns and Allowances $1,400

Cr Accounts Receivables $1,400

Dr Cost of Good Sold $1,050

Cr Merchandise Inventory $1,050

21 Dr Cash $37,442

Dr Sales Discount $1,158

Cr Accounts Receivables $38,600

Explanation:

1. Preparation of journal entries that Sydney Co. records for these transactions.

1. SYDNEY BUYER

11 Dr Accounts Payable $40,000

Cr Merchandise Inventory $40,000

11 Dr Merchandise Inventory $345

Cr Cash $345

12 Dr Merchandise Inventory $1,400

Cr Accounts Payable $1,400

20 Dr Accounts Payable $38,600

($40,000-$1,400)

Cr Merchandise Inventory $1,158

($38,600-$37,442)

Cr Cash $37,442

[$38,800- [($1,400 × (100% – 3%)]

2. Preparation of the journal entries that Troy Corporation records for these transactions.

TROY - SELLER

11 Dr Accounts Receivables $40,000

Cr Sales $40,000

Dr Cost of Goods Sold $30,000

Cr Merchandise Inventory $30,000

13 Dr Sales Returns and Allowances $1,400

Cr Accounts Receivables $1,400

Dr Cost of Good Sold $1,050

Cr Merchandise Inventory $1,050

21 Dr Cash $37,442

[$38,800- [($1,400 × (100% – 3%)]

Dr Sales Discount $1,158

($38,600-$37,442)

Cr Accounts Receivables $38,600

($40,000-$1,400)

Workings:

May 11 Purchased goods=($40,000 × [100% – 3%])

May 11 Purchased goods= $38,800

May 12 Returned goods= ($1,400 × [100% – 3%]) May 12 Returned goods= $1,358

May 20 Paid balance within the discount period= ($38,800 – $1,358)

May 20 Paid balance within the discount period= $37,442


Related Questions

Nathan's Athletic Apparel has 2,000 shares of 6%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $25,000 in 2021.
Required:
Assuming the preferred stock is cumulative and noncumulative, how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021?

Answers

Answer:

Cumulative Noncumulative

Preferred Dividend 2021 $12,000 $12,000

Preferred Dividend in arrears for 2020

$12,000 $0

Remaining dividend for common Stock holders $1,000 $13,000

Explanation:

Calculation to determine how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021

First step is to calculate the Dividend to be paid to preferred stock holders

Dividend to be paid to preferred stock holders=(2000*$100)*6%)

Dividend to be paid to preferred stock holders=$12,000

Now let determine how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021

CUMULATIVE NONCUMULATIVE

Preferred Dividend 2021 $12,000 $12,000

Preferred Dividend in arrears for 2020

$12,000 $0

Remaining dividend for common Stock holders $1,000 $13,000

($25,000-$12,000+$12,000=$1,000)

($25,000-$12,000=$13,000)

Total Dividend $25,000 $25,000

short term finance is required for 5 years true or false​

Answers

Answer:

yeah, its true

Explanation:

Answer: true

Explanation:

Suppose that city leaders want to prevent the price of AA batteries from rising when tornadoes threaten Tulsa, Oklahoma. They impose a price ceiling of $8 for packages of AA batteries. c. This price ceiling of $8 per pack will impact the AA battery market during a typical week. d. What are quantity demanded and quantity supplied with the price ceiling in effect during the weeks when tornadoes threaten Tulsa

Answers

I have attached the word document below, it includesall the necessary information. I hope it will be helpful.

Answer:

The market for packs of AA batteries during a typical week in Tulsa, Oklahoma is described in the table below. Price (dollars)

$20

18

16

14

12

10

8

6 AA Battery Market

Quantity of Batteries

Explanation:

I have attached the document in which the answer is explained in quite detail. I hope this will help. Thanks

Consolidated Freightways is financing a new truck with a loan of $60,000 to be repaid in six annual end-of-year installments of $13,375. What annual interest rate is Consolidated Freightways paying

Answers

Answer:

9%

Explanation:

Calculation to determine What annual interest rate is Consolidated Freightways paying

Based on the information given we would be using Financial calculator to determine the ANNUAL INTEREST RATE

PV= $60,000

PMT= -$13,375

N= 6

I/Y=?

Hence:

I/Y = 9%

Therefore annual interest rate that Consolidated Freightways is paying will be 9%

impact of population growth on environmental degradation​

Answers

Answer:

Explanation:

Population growth may be described in simple terms as the rate at which the number of people residing in a particular country is increasing or multiplying. Some states or countries have a higher population figure than the other and also higher rate of growth. As population increases, the resources available to people in that community suffers as the burden will also grow. The environment also will also take its own share of the effects as overcrowding seems to creep in together with increased burden on environmental resources and infrastructure. If proactive measures aren't taken in other to boost resources and infrastructure as indaquate handling of population growth will almost always result in environmental and infrastructure degradation or decline.

Companies usually buy __________ assets. These include both tangible assets such as _______________ and intangible assets such as _____________. To pay for these assets, they sell _____________ assets such as_____________. The decision about which assets to buy is usually termed the _____________ or _______________ decision. The decision about how to raise the money is usually termed the _____________ decision.

Answers

Answer:

Companies usually buy ____real______ assets. These include both tangible assets such as ___property, plant, and equipment____________ and intangible assets such as ____patents, copyrights, and brands_________. To pay for these assets, they sell ____financial_________ assets such as_____bonds________. The decision about which assets to buy is usually termed the _____investment________ or _____capital budgeting__________ decision. The decision about how to raise the money is usually termed the ____financing_________ decision.

Explanation:

Real assets can be tangible or intangible assets.  They are also known as long-term or fixed assets, given their time horizon before they are fully consumed in production.  Real assets, which possess intrinsic value, can be distinguished from financial assets, which are based on contractual claims or securities, including stocks and debts. In any management role, decisions are made about capital budgeting or investment.  These also require financing decisions to fund the investments.

Some portion of fixed assets and the nonseasonal portion of current assets are financed with long-term capital, and all seasonal needs of current assets and the remaining portion of fixed assets are financed with short-term loans. Which current asset financing policy is consistent with this statement

Answers

Answer: Aggressive approach

Explanation:

With an Aggressive approach to financing, the management is trying to take advantage of the fluctuations in interest rates by using short term loans to finance some parts of fixed assets as well as current assets. This is what is happening here so the management must be using aggressive financing.

This is unlike the conservative approach where fixed assets are financed with long term financing like stocks and bonds with the logic being that both of them have similar lifetimes and so will supply adequate cashflow for the payment of interest overtime.

Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,324,000 $2,630,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 70,000 shares 120,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per sha

Answers

Question Completion:

b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Answer:

Black Bull Inc.

                                                 20Y5          20Y6

1. Earnings per share (EPS)   $18.20          $21.50

2. The change in the earnings per share from 20Y5 to 20Y6 is favorable.

More revenue and profits were generated in 20Y6 and despite the increased number of shares outstanding, the EPS for 20Y6 performed better than 20Y5's.

Explanation:

a) Data and Calculations:

                                                    20Y5                            20Y6

Net income                         $1,324,000                 $2,630,000

Preferred dividends               $50,000                      $50,000

Earnings available to common

 stockholders                    $1,274,000                $2,580,000  

Average number of

common shares outstanding 70,000 shares    120,000 shares

Earnings per share (EPS)   $18.20                         $21.50

                                  ($1,274,000/70,000)  ($2,580,000/120,000)

When leaders of an organization compete and debate for scarce resources. They are operating within which frames of reference?

Answers

SAJDJKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKDSAAAAAAAAAAAAA

Consider a model in which two products, x and y, are produced. There are 30 pounds of material and 60 hours of labor available. It requires 9 pounds of material and 12 hours of labor to produce a unit of x, and 5 pounds of material and 15 hours of labor to produce a unit of y. The profit for x is $300 per unit, and the profit for y is $250 per unit.

Required:
How many units of x and y to produce to maximize profit, the model is

Answers

Answer:

2 units of x and 2 units of y

Explanation:

The model can be represented as:

[tex]\begin{array}{cccc} & {x} & {y} & {} & {Materials} & {9} & {5} & {30} & {Labor} & {12} & {15} & {60} & {} & {300} & {250} \ \end{array}[/tex]

So, we have:

Max [tex]z = 300x + 250y[/tex] --- the objective function

Subject to:

[tex]9x + 5y \le 30[/tex]

[tex]12x + 15y \le 60[/tex]

[tex]x,y > 0[/tex]

Multiply the first equation by 3

[tex]9x + 5y \le 30[/tex] becomes

[tex]27x + 15y \le 90[/tex]

Subtract [tex]12x + 15y \le 60[/tex] from [tex]27x + 15y \le 90[/tex]

[tex]27x - 12x + 15y - 15y \le 90 - 60[/tex]

[tex]15x \le 30[/tex]

Divide by 15

[tex]x \le 2[/tex]

Substitute 2 for x in [tex]9x + 5y \le 30[/tex]

[tex]9 * 2 + 5y \le 30[/tex]

[tex]18 + 5y \le 30[/tex]

Collect like terms

[tex]5y \le 30 - 18[/tex]

[tex]5y \le 12[/tex]

Divide by 5

[tex]y \le 2.4[/tex]

y must be an integer;

So:

[tex]y \le 2[/tex]

So, we have:

[tex](x,y) \le (2,2)[/tex]

Hence, the company must product 2 units of x and 2 units of y

An analyst gathered the following information about a company: 01/01/04 - 50,000 shares issued and outstanding at the beginning of the year 04/01/04 - 5% stock dividend 10/01/04 - 10% stock dividend What is the company's weighted average number of shares outstanding at the end of 2004

Answers

Answer:

Company A

The company's weighted average number of shares outstanding at the end of 2004 is:

= 53,188 shares.

Explanation:

a) Data and Calculations:

Date        Description                               Weight    Weighted Average

01/01/04 - 50,000 shares issued

 and outstanding                                      12/12     = 50,000

04/01/04 - 5% stock dividend (2,500)      9/12     =     1,875

10/01/04 - 10% stock dividend (5,250)     3/12      =     1,313

Total weighted average number of shares =          53,188


Marketing covers several elements and concepts. At the center of all marketing efforts is:

Answers

Group of answer choices profits

At the center of all marketing efforts is the customer for understanding and meeting customer needs, wants and preferences is the primary focus of marketing.

The customer centric involves identifying target markets, conducting market research and developing products or services that resonate with consumers.

The effective marketing strategies aim to create value for customers, build strong relationships, and satisfy their demands better than competitors.

The customer serves as the guiding force that shapes marketing strategies and determines their success in the ever-evolving marketplace.

To know more about marketing here,

https://brainly.com/question/33994447

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The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below.
NESS COMPANY
Balance Sheets
December 31 (in thousands)
2017 2016
Current assets
Cash and cash equivalents $330 $360
Accounts receivable (net) 47 400
Inventory 46 390
Prepaid expenses 130 160
Total current assets 1,390 1,310
Property, plant, and equipment (net) 410 380
Investments 10 10
Intangibles and other assets 530 510
Total assets $2,340 $2,210
Current liabilities $820 $790
Long-term liabilities 480 380
Stockholders’ equity—common 1,040 1,040
Total liabilities and stockholders’ equity $2,340 $2,210
NESS COMPANY
Income Statements
For the Year Ended December 31 (in thousands)
2017 2016
Sales revenue $3,800 $3,460
Costs and expenses
Cost of goods sold 970 890
Selling & administrative expenses 2,400 2,330
Interest expense 10 20
Total costs and expenses 3,380 3,240
Income before income taxes 420 220
Income tax expense 168 88
Net income $ 252 $ 132
Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.)
(a) Current ratio.
(b) Inventory turnover. (Inventory on December 31, 2015, was $340.)
(c) Profit margin.
(d) Return on assets. (Assets on December 31, 2015, were $1,900.)
(e) Return on common stockholders’ equity. (Equity on December 31, 2015, was $900.)
(f) Debt to assets ratio.
(g) Times interest earned.

Answers

Answer:

Ness Company

                                                   2017      2016

(a) Current ratio =                       1.70        1.66

(b) Inventory turnover =             4.45      2.44

(c) Profit margin =                     6.63%    3.82%

(d) Return on assets. (Assets on December 31, 2015, were $1,900.)

=                                              10.77%     5.97%

(e) Return on common stockholders’ equity. (Equity on December 31, 2015, was $900.)

=                                            24.23%    12.69%

(f) Debt to assets ratio =        0.56       0.53

(g) Times interest earned =   43X        12X

Explanation:

Condensed Financial Statements:

NESS COMPANY

Balance Sheets

December 31 (in thousands)

                                                                         2017      2016

Current assets

Cash and cash equivalents                           $330       $360

Accounts receivable (net)                                  47         400

Inventory                                                            46         390

Prepaid expenses                                            130         160

Total current assets                                      1,390       1,310

Property, plant, and equipment (net)              410        380

Investments                                                       10          10

Intangibles and other assets                         530        510

Total assets                                               $2,340   $2,210

Current liabilities                                          $820     $790

Long-term liabilities                                        480       380

Stockholders’ equity—common                  1,040     1,040

Total liabilities and stockholders’ equity $2,340  $2,210

NESS COMPANY

Income Statements

For the Year Ended December 31 (in thousands)

                                                           2017      2016

Sales revenue                                $3,800   $3,460

Costs and expenses

Cost of goods sold                             970         890

Gross profit                                   $2,830    $2,570

Selling & administrative expenses 2,400     2,330

EBIT                                                   $430     $240

Interest expense                                   10          20

Total costs and expenses              3,380     3,240

Income before income taxes            420       220

Income tax expense                          168          88

Net income                                    $ 252     $ 132

(a) Current ratio = Current assets/Current liabilities

=                             $1,390/$820 = 1.70        1.66 (1,310/$790)

(b) Inventory turnover. (Inventory on December 31, 2015, was $340.)

= Cost of goods sold/Average Inventory

=                                            $970/$218 = 4.45   2.44 ($890/$385)

Average inventory for 2016 = $365 ($390 + $340)/2

Average inventory for 2017 = $218 ($46 + $390)/2

Cost of goods sold for 2017 = $970  and 2016 = $890

(c) Profit margin = Net income/Sales

=                          6.63% ($252/$3,800 *100)  3.82% ($132/$3,460 * 100)

(d) Return on assets. (Assets on December 31, 2015, were $1,900.)

= Net income/Total assets

=                         10.77% ($252/$2,340 * 100)  5.97% ($132/$2,210 * 100)

Average assets for 2017 = $2,275 ($2,340 + $2,210)/2

Average assets for 2016 = $2,055 ($2,210 + $1,900)/2

(e) Return on common stockholders’ equity. (Equity on December 31, 2015, was $900.)

= Net income/Common stockholders' equity

=                           24.23% ($252/$1,040 * 100)  12.69% ($132/$1,040 * 100)

(f) Debt to assets ratio = Total Debt/Total Assets

=                           0.56 ($1,300/$2,340)      0.53 ($1,170/$2,210)

(g) Times interest earned = EBIT/Interest

=                                         43X ($430/$10)    12X ($240/$20)

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:
Aug.1 Inventory on hand—2,500 units; cost $6.60 each.
8 Purchased 12,500 units for $6.00 each.
14 Sold 10,000 units for $12.50 each.
18 Purchased 7,500 units for $5.20 each.
25 Sold 9,000 units for $11.50 each.
28 Purchased 4,500 units for $5.80 each.
31 Inventory on hand—8,000 units.
Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using last-in, first-out (LIFO).

Answers

Answer:

Please find the complete solution in the attached file.

Explanation:

Montana Industries has computed the following unit costs for the year just ended:

Variable manufacturing overhead $85
Fixed manufacturing overhead 20
Variable selling and administrative cost 18
Fixed selling and administrative cost 11

Which of the following choices correctly depict amounts included in the per-unit cost of inventory under variable costing and absorption costing?
a. Variable, $85; absorption, $105.
b. Variable, $85; absorption, $116.
c. Variable, $103; absorption, $116.
d. Variable, $103; absorption, $105.
e. None of the answers is correct.

Answers

Answer:

a. Variable, $85; absorption, $105.

Explanation:

The options that correctly depict amounts included in the per-unit cost of inventory under variable costing and absorption costing is:

i. Variable costing = Variable manufacturing overhead

Variable costing = $85

ii. Absorption costing = Variable manufacturing overhead + Fixed manufacturing overhead

Absorption costing = $85 + $20

Absorption costing = $105

Q2. Why can the distinction between fixed costs and variable costs be made in the short run? Classify
the following as fixed or variable costs: advertising expenditures, fuel, interest on company-issued
bonds, shipping charges, payments for raw materials, real estate taxes, executive salaries, insurance
premiums, wage payments, sales taxes, and rental payments on leased office machinery. “There are
no fixed costs in the long run; all costs are variable.” Explain

Answers

Answer:

Fixed costs cannot be changed in the short run and are the same regardless of the volume of production. Variable costs vary with production but can b changed in the short run.

Fixed costs:

Interest on company issued bonds Real estate taxesExecutive salaries Insurance premiums Rental payments on leased office machinery.

Variable costs:

Advertising expendituresFuelShipping chargesPayments for raw materialsWage paymentsSales taxes

All costs are variable in the long run because all costs can be changed by investment and planning. For instance, over the long term, the company could buy the leased office machinery and not have to pay rent on it thereby stopping that fixed cost.

Star Corp., a publicly traded, accrual-method C corp., incurred the following expenses in 2020 (all of which are ordinary and neccessary unless the facts indicate otherwise):
Office rent: $50,000
CEO compensation: $1,500,000
Salary paid to janitor: $250,000
Business meals: $30,000 (100% of the amount paid)
Client entertainment: $100,000 (100% of the amount paid)
Political contribution/lobbying: $5,000
Advertising: $70,000
Taxes & licenses (state, local &
payroll tax; not fed. inc. tax): $30,000
Life insurance policy on CEO - premiums: $12,000
Federal income taxes: $250,000
Average office rents in the area run $50,000-$55,000/year for similar office space. Star Corp.'s janitor is the CEO's sister. Reasonable salary for a janitor with similar experience, job description and work hours is $20,000/year. Star Corp. is the beneficiary on the life insurance policy. What is Star Corp.'s total deductible business expenses for the year?

Answers

Answer:

Star Corp.

Star Corp.'s total deductible business expenses for the year is:

= $1,952,000.

Explanation:

Ordinary and Necessary Expenses incurred in 2020:

Office rent:                                 $50,000

CEO compensation:              $1,500,000

Salary paid to janitor:              $250,000

Business meals:                        $30,000 (100% of the amount paid)

Client entertainment:             $100,000 (100% of the amount paid)

Political contribution/lobbying:  $5,000

Advertising:                              $70,000

Taxes & licenses (state, local &

payroll tax; not fed. inc. tax):   $30,000

Life insurance policy on CEO

- premiums:                            $12,000

Federal income taxes:        $250,000

Total expenses incurred $2,297,000

Total Deductible Business Expenses for the year:

Office rent:                                     $50,000

CEO compensation:                 $1,500,000

Salary paid to janitor:                    $20,000

Business meals:                            $15,000 (50% of $30,000)

Client entertainment:                            $0 (0% of $100,000)

Political contribution/lobbying:      $5,000

Advertising:                                  $70,000

Taxes & licenses (state, local &

payroll tax; not fed. inc. tax):       $30,000

Life insurance policy on CEO

- premiums:                                $12,000

Federal income taxes:            $250,000

Total deductible expense = $1,952,000

Pepsi had accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Coke had a turnover ratio of 9.3 this year and 9.9 last year. This implies:______.
1. Coke has the better turnover for both years
2. Pepsi has the better turnover for both years
3. Coke's turnover is improving
4. Coke's credit policies are too loose
5. Coke is collecting its receivables more quickly than Pepsi in both years

Answers

3 is your answer. You’re welcome

Hot Topic has a policy of promoting from within. If Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience ___, even if they are not chosen for promotion.
a. procedural justiceb. interactional justicec. equityd. positive inequitye. distributive justice

Answers

Answer:

a. procedural justice

Explanation:

Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.

Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion

Q2. Why can the distinction between fixed costs and variable costs be made in the short run? Classify the following as fixed or variable costs: advertising expenditures, fuel, interest on company-issued bonds, shipping charges, payments for raw materials, real estate taxes, executive salaries, insurance premiums, wage payments, sales taxes, and rental payments on leas

Answers

Answer:

Variable costs vary with the volume of production and can be changed in the short run.

Fixed costs do not vary with the volume of production and cannot be changed in the short run. Only in the long run can they be changed.

Variable costs:

Advertising expendituresFuelShipping chargesPayments for raw materialsWage paymentsSales taxes

Fixed costs:

Interest on company issued bonds Real estate taxesExecutive salaries Insurance premiums Rental payments on leased office machinery.

Which firm will have a higher level of economic performance: a) a firm with valuable, rare, and costly-to imitate resources and capabilities operating in a very attractive industry or b) a firm with valuable, rare, costly-to-imitate resources and capabilities operating in a very unattractive industry

Answers

Answer: a) a firm with valuable, rare, and costly-to imitate resources and capabilities operating in a very attractive industry.

Explanation:

Companies that have valuable, rare and costly to imitate resources and capabilities will see a better economic performance overall because they are offering the market something that not a lot of companies are offering which gives them the opportunity to increase profitability.

This would be even more effective if the company was in an attractive industry. An attractive industry means that there are a lot of buyers and sellers but because the company has costly to imitate resources, they will worry less about the sellers and gain more buyers thereby helping them to perform better.

Erika would like to hire a financial advisor. The financial advisor that she has been considering indicated that she would charge $2,500 to write a financial plan and 1% of any asset she manages. The financial advisor that Erika is considering is using what type of compensation model

Answers

Answer:

Fee-only

Explanation:

The financial advisor that Erika is considering is using the fee only compensation model. An advisor who uses this model of compensation is one who receives payment for his or her services rendered directly as fees and not through any forms of commissions. This payment could be based on a particular percentage of your assets that they are in charge of, or it could be hourly.

Answer:

Plato Users

Explanation:

The first drop down is risk and the second one is liquid got 100% on the test.

A young investment manager tells his client that the probability of making a positive return with his suggested portfolio is 80%. If it is known that returns are normally distributed with a mean of 8%, what is the risk, measured by standard deviation, that this investment manager assumes in his calculation

Answers

Answer:

9.5%

Explanation:

we solve for the z value using

z = barX - μ/σ

= 0-0.08/σ

= p(x>0) = 0.80

1-0.80 = 0.20

0-0.08/σ = 0.20

using the z calculator we find the z score using a p value of 0.20

= -0.842

0-0.08/σ = -0.842

-0.08 = -0.842σ

Divide through by -0.842

0.08/0.842 = σ

0.095 = σ

The risk measured by the standard deviation at 80%= 9.5%

Thank you

Necesito un susario de la uanl de aspirante con admisión rechazada

Answers

Answer:

ta bueno pue

Explanation:

Explain AHIMA's data quality management model, including the domains it covers and the data characteristics

Answers

Answer:

Data Quality management: AHIMA created this model for quality data management to support the need for true and accurate data. Patient care, patient outcomes, reimbursement, process...

Hope this helped :)

Explanation:

Answer: it’s a data quality management model

Explanation:

Liz Chapa manages a portfolio of 250 common stocks. Her staff compiled the following rate of return performance statistics for two new stocks: Stock Mean Standard Deviation Salas Products, Inc. 15% 5% Hot Boards, Inc. 20% 5% What is the coefficient of variations for both stocks

Answers

Answer: See explanation

Explanation:

The coefficient of variations for both stocks will be calculated thus:

For Salas Product

Coefficient of Variation = Standard deviation / Mean × 100

= 5/15 × 100

= 1/3 × 100

= 33.33%

Hot boards:

Coefficient of Variation = Standard deviation / Mean × 100

= 5/20 × 100

= 1/4 × 100

= 25%

Feedback is important in improving our performance, and we should solicit feedback, and not just wait until someone provides us with feedback

a. True
b. False

Answers

A. True. Feedback is very Important to improving things

my sister (laugh) at my story

Answers

Answer:

no

Explanation:

Answer:

My sister laughed at my story.

Explanation:

what are expansionary ficalpolicy? Contrationary fiscal policy, What do you mean by automatic stabilizer?



subject Macroeconomics, please please help...

Answers

Answer:

Here is your answer : )

Explanation:

Contractionary fiscal policy means when the government taxes more than it spends.

Expansionary fiscal policy means when the government spends more than it taxes.

Automatic stabilizers means features of the tax and transfer systems that temper the economy when it overheats and stimulate the economy when it slumps without direct intervention by policymakers.

Hope it helps you

You made a $500,000 loan at 10% interest when the CPI was 120. The loan was repaid five years after that, when the CPI was 130. Assume the tax on interest income is 20%. Calculate the tax you owe the government.

Answers

Answer:

10000 before inflation, 10833 after inflation

Explanation:

P = 500000

1 = 10%

Interest calculated = 500000x0.1

= $50000

20%x50000 = $10000

Rate of inflation = (130-120)/120 = 0.833

0.833x100%

= 8.333%

What has to be paid to government

= 10000+(8.333*10000)

= 10833

Before inflation, you owe $10000

After inflation you owe $10833

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