Elk Corporation's accounts receivable turnover ratio for this period is 26.81. This indicates that on average, the company collected its outstanding accounts receivable balance 26.81 times during the period.
What is turnover ratio?Turnover ratio is a financial ratio that measures the efficiency of a company in managing its assets. It shows how many times a company has used or turned over its assets in generating revenue or sales.
The turnover ratio is calculated by dividing the total sales or revenue generated by a company during a specific period by the average value of the asset being analyzed. The resulting figure represents how many times the asset has been used or turned over during the period.
The turnover ratio can be calculated for different types of assets, such as accounts receivable, inventory, and fixed assets.
The formula for the accounts receivable turnover ratio is as continues to follow:
Accounts Receivable Turnover Ratio = Total Sales / Average Accounts Receivable
To find the average accounts receivable, we need to add the beginning and ending balances of accounts receivable and divide by 2:
(Beginning Net Accounts Receivable + Ending Net Accounts Receivable) / 2 = Average Accounts Receivable We don't have the ending net accounts receivable balance, so we can't calculate the average. Therefore, we can only calculate the receivable turnover ratio using the beginning net accounts receivable balance.
Accounts Receivable Turnover Ratio = Total Sales / Beginning Net Accounts Receivable
Accounts Receivable Turnover Ratio = 2520000 / 94000
Accounts Receivable Turnover Ratio = 26.81
To know more about assets, visit:
https://brainly.com/question/13848560
#SPJ1
Is an important element of the fair labor standards act. - the disability benefit
- permanent employment
- the record keeping requirements
- guaranteed employment
- a private pension plan
An important element of the Fair Labor Standards Act is the record-keeping requirements. Hence option B. is correct.
What is Fair Labor Standards Act?The Fair Labor Standards Act (FLSA) is a US law that protects workers' rights by establishing minimum wage, overtime pay, and other labor standards.
The act was passed in 1938 and has been amended numerous times since then. It applies to most employees who work for an employer whose annual sales volume exceeds $500,000.
To guarantee that employers are following the law, the Fair Labor Standards Act includes a record-keeping requirement. Employers must maintain records on employees' hours worked, wages paid, and other relevant details.
This information is used to ensure that employers are paying workers fairly and in compliance with the law.
The Disability Benefit, Permanent Employment, Guaranteed Employment, and a Private Pension Plan are not important elements of the Fair Labor Standards Act.
Hence option B. the record keeping requirements is correct.
Learn more about Fair Labor Standards Act here:
brainly.com/question/15966261
#SPJ11
1. An argument is a piece of information a function needs to complete its task. List five different forms that the information can take. (an argument can be any one of these types)a. A numberb. __________c. ___________d. ___________e.____________f. _____________2. T or F All functions have exactly one argument ___________3. T or F All functions have more than one argument __________4. T or F Some functions do not require an argument ____________
1. An argument is a piece of information a function needs to complete its task. List five different forms that the information can take. (an argument can be any one of these types)
a. A number
b. A string
c. A booleand.
d. An object.
e. An array. A function
2. T or F All functions have exactly one argument: False. 2. All functions do not have exactly one argument. They can have zero or more arguments.
3. T or F All functions have more than one argument: False. 3. All functions do not have more than one argument. They can have zero or more arguments.
4. T or F Some functions do not require an argument: True. 4. Some functions do not require an argument. For example, the `random` function in Python does not require any arguments to be passed to it.
To learn more about “function” refer to the https://brainly.com/question/11624077
#SPJ11
which of the statements about the efficient frontier is not correct? multiple choice question. A. the optimal risky portfolio lies on the efficient frontier B. individual assets forming a portfolio may lie above the graph of the efficient frontier, as well as below it C. various constraints may preclude a particular investor from choosing portfolios on the efficient frontier \
D. the efficient frontier is the graph representing a set of portfolios that maximizes expected return at each level of portfolio risk
One of the statements that is not correct about the efficient frontier is option B which states that individual assets forming a portfolio may lie above the graph of the efficient frontier as well as below it.
What is the efficient frontier?
Efficient Frontier is the line that determines the highest possible return for a specific level of risk or the lowest risk for a given level of return in a portfolio. The efficient frontier comprises a set of portfolios that provide the highest possible returns for the lowest possible risk.The optimal risky portfolio is situated on the efficient frontier. Various constraints can prohibit a particular investor from selecting portfolios on the efficient frontier, as stated in option C. For example, some investors may be unwilling to take on more risk, while others may have limits on the types of assets they can invest in or their allocation percentages.Investment in individual securities, which can lie above or below the efficient frontier, is not optimal. D is the correct answer, as it describes the efficient frontier graphically, as a set of portfolios that maximize the expected return at each level of portfolio risk.Hence, statement B is not correct. The efficient frontier identifies the ideal mix of securities for an investor, whereas the optimal risky portfolio is the one that offers the highest return for the amount of risk the investor is willing to accept.
for more questions on portfolio
https://brainly.com/question/9107555
#SPJ11
Case Inc. Is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. Contains the following data.
Raw Materials Inventory $4,400 Manufacturing Overhead Applied $33,100
Work in Process Inventory $5,750 Manufacturing Overhead Incurred $32,200
Subsidiary data for Work in Process Inventory on June 1 are as follows.
Job Cost Sheets
Customer Job
Cost Element Rodgers Stevens Linton
Direct materials $700 $900 $1,000
Direct labor 300 500 600
Manufacturing overhead 375 625 750
$1,375 $2,025 $2,350
During June, raw materials purchased on account were $4,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $500 incurred on account.
A summary of materials requisition slips and time tickets for June shows the following.
Customer Job Materials Requisition Slips Time Tickets
Rodgers $800 $800
Koss 1,900 800
Stevens 600 300
Linton 1,200 1,000
Rodgers 400 300
4,900 3,200
General use 1,600 1,300
$6,500 $4,500
Overhead was charged to jobs at the same rate of $1. 25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $ 20,600. Each customer paid in full
The journal entry, Work in Process Inventory Account, Schedule of Cost of goods manufactured are as follows:
General Journal:
Debit Raw Materials $4,900
Credit Accounts Payable $4,900
To record the purchase of raw materials on account.
Debit Manufacturing Overhead Incurred $1,300
Credit Accounts Payable $500
Credit Accumulated Depreciation $800
To record depreciation and miscellaneous costs incurred on account.
Debit WIP $11,000
Credit Raw materials $6,500
Credit Direct labor $4,500
To record costs incurred.
Debit WIP $6,000
Credit Manufacturing overhead $6,000
To record costs incurred.
Debit Finished Goods $ (22,750)
Credit WIP $ (22,750)
To record the transfer of WIP.
2. Work in Process Inventory Account
Beginning balance $5,750
Debit raw materials 6,500
Debit Direct labor 4,500
Debit manufacturing overhead 6,000
Credit: Finished goods (22,750)
Ending Balance $5,450
4. Schedule of Cost of goods manufactured:
Beginning WIP balance $5,750
Raw materials 6,500
Direct labor 4,500
Manufacturing overhead 6,000
Ending Balance (5,450)
Finished goods (22,750)
a) Raw Materials Inventory
Beginning balance $4,400
Debit: Accounts Payable 4,900
Credit: WIP (6,500)
Ending balance $3,200
b) Manufacturing Overhead Applied
Beginning balance $33,100
Credit WIP (6,000)
Ending balance $27,100
c) Manufacturing Overhead Incurred
Beginning balance $32,200
Debit: Accounts Payable 500
Debit: Depreciation 800
Ending balance $33,500
d) Journal entries were used/utilized to post the transactions for June to/into the ledger accounts, where the transactions were summarized, and then ending balances extracted.
To learn more about journal entry, here:
https://brainly.com/question/20421012
#SPJ4
Complete question:
nstructions1. Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead cost incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion of jobs and sale of goods.2. Post the entries to Work in Process Inventory.3. Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.4. Prepare a cost of goods manufactured schedule for June.
An insured purchased a noncancellable health insurance policy 1 year ago. Which of the following circumstances would NOT be a reason for the insurance company to cancel the policy?The insured is in an accident and incurs a large claimThe insured does not pay the premium.The insured reaches the maximum age limit specified in the policy.Within two years of the application, the insurer discovers a misrepresentation.
The following circumstance would NOT be a reason for the insurance company to cancel the policy: The insured reaches the maximum age limit specified in the policy. Option (C) is correct answer.
A non-cancellable health insurance policy is an insurance policy that an insurance company can not cancel, adjust or increase premiums except for reasons provided in the policy.
In general, non-cancellable health policies can be purchased for an initial premium that is higher than the premium for cancellable policies. These policies are typically used by people who want to ensure they have access to health insurance at a fixed premium throughout their lifetime.
The non-cancellable feature provides policyholders with peace of mind that their insurance is guaranteed and will not change for the life of the policy. The following reasons may cause an insurance company to cancel or adjust premiums:
Non-payment of premium by the insuredInsured reaches the maximum age limit specified in the policyInsurer discovers a misrepresentation within two years of the applicationThe insured is in an accident and incurs a large claimIn this question, the answer to the question is that the insured reaches the maximum age limit specified in the policy would not be a reason for the insurance company to cancel the policy. Option (C) is correct answer.
Learn more about non-cancellable heath insurance policy https://brainly.com/question/1941778
#SPJ11
television advertising is: multiple select question. desirable but relatively inexpensive seen only by a targeted market desirable but expensive to buy time desirable but costly to produce the ads
Television advertising is: Desirable but relatively inexpensive; Desirable but expensive to buy time; and Desirable but costly to produce the ads. The correct selections would be A, C and D.
Television advertising typically involves the creation and broadcasting of short advertisements or commercials during commercial breaks within TV programs. These commercials are designed to capture the attention of viewers and persuade them to take a specific action, such as purchasing a product, visiting a website, or supporting a cause.
Thus, the ideal selection is option A, C and D.
Learn more about television advertising here:
https://brainly.com/question/14456389
#SPJ12
T/F: a two-for one stock split would the number of shares outstanding, whereas a 10% stock dividend will increase the number of shares outstanding by only 10%.
True.
A two-for-one stock split would double the number of shares outstanding, whereas a 10% stock dividend would only increase the number of shares outstanding by 10%.
What is a stock split?
A stock split is a business practice in which a business divides its current shares into several new ones. A company might undertake a stock split to make the shares more appealing to prospective shareholders.
They can also do it to increase trading activity and/or to give current shareholders additional shares, which can be used to vote on future corporate matters or sold for profit.
To learn more about stock split, refer below:
https://brainly.com/question/28392293
#SPJ11
when students use the comprehended association to generate a new or novel product, they are engaging in?
When students use the comprehended association to generate a new or novel product, they are engaging in creativity.
Creativity is the process of generating new and useful ideas, concepts, or solutions that are relevant to a particular problem or situation. It is the ability to think outside the box, to see things from a different perspective, and to come up with innovative solutions to complex problems.
There are several techniques that individuals can use to stimulate creativity, one of which is comprehended association. Comprehended association involves generating novel or original ideas by combining or synthesizing existing ideas, concepts, or knowledge. By making new connections between existing ideas, comprehended association enables individuals to generate new and innovative solutions to complex problems or challenges.
Thus, when students use the comprehended association to generate a new or novel product, they are engaging in creativity, which is the process of generating new and useful ideas, concepts, or solutions that are relevant to a particular problem or situation.
To learn more creativity : https://brainly.com/question/21773481
#SPJ11
Based on the findings of the study conducted by Elizabeth Hirschman, which of the following individuals is most likely to be risk averse and prefer commercials that focus on the product rather than creative impact?
A. Product and brand managers
B. Art directors
C. Copywriters
D. Creative directors
E. Product consumers
The individual who is most likely to be risk averse and prefer commercials that focus on the product rather than creative impact is: Product and brand managers (option A).
Hirschman's study found that individuals in management roles, such as product and brand managers, tend to be more risk averse and prefer advertisements that focus on the product rather than creative impact.
These individuals are responsible for ensuring that the product is marketed effectively and that the company's reputation is maintained, and therefore may be more cautious when it comes to advertising.
In contrast, individuals in creative roles such as art directors, copywriters, and creative directors are more likely to be risk takers and may prefer advertisements that are more creative and innovative.
Product consumers, on the other hand, may have a range of preferences when it comes to advertising, depending on their individual tastes and preferences.
Therefore, the correct answer is A). Product and brand managers.
Learn more about product manager here:
https://brainly.com/question/30840504
#SPJ11
Since accounting numbers, such as the allowance for doubtful accounts balance, are based on _____, financial statements are susceptible to management manipulation. (Enter one word per blank.)
Since accounting numbers, such as the allowance for doubtful accounts balance, are based on estimates, financial statements are susceptible to management manipulation.
What are accounting numbers?Accounting numbers refer to financial information or numerical data that are derived from an organization's financial statements. Accounting numbers are generated by recording and summarizing an organization's monetary activities. Managers use accounting numbers to determine whether the company is performing effectively and to make sound decisions based on financial evidence.
It is essential for an organization to keep accurate records of its financial activities to generate accurate accounting numbers. These figures will provide a clear picture of the organization's financial position, allowing managers to make informed decisions.
A company's financial statements are susceptible to management manipulation because accounting numbers are based on estimates. The management team can manipulate financial statements to create the illusion of the company's good financial position.
As a result, auditors are needed to review financial statements to ensure they are free of misstatements and to establish the company's actual financial position.
Learn more about accounting numbers here:
brainly.com/question/30593488
#SPJ11
Reviewing payroll records indicates that employee salaries that are due to be paid on January 3 include $3,575 in wages for the last week of December. There was no previous balance in the Salaries Payable account at that time. Based on the information provided:
As of December 31, what is the amount of salary expense that needs to be accrued?
What account is debited in the adjusting entry?
What account is credited in the adjusting entry?
As of December 31, the amount of salary expense that needs to be accrued is $3,575. The account that is debited in the adjusting entry is Salary Expense account. The account that is credited in the adjusting entry is Salaries Payable account.
An adjusting entry is a journal entry made at the end of an accounting period to allocate income and expenditure to the period in which it occurred. These entries are created to modify the account balances so that the financial statements reflect accurate amounts. Adjusting entries are used to track revenues and expenses over the accounting period that they are incurred. They are also used to report on financial activities in the future.
In the given scenario, the total amount of salary expenses that need to be accrued as of December 31 is $3,575. The Salaries Payable account had no previous balance before this. Therefore, the Salary Expense account needs to be debited in the adjusting entry. Salaries Payable account needs to be credited in the adjusting entry.
Hence, based on the information provided, $3,575 needs to be accrued as of December 31 as salary expense. The account to be debited in the adjusting entry is Salaries Expense and the account to be credited in the adjusting entry is Salaries Payable.
Learn more about Adjusting entry:
https://brainly.com/question/13035559
#SPJ11
when considering most goods in most markets we would likely observe that
When considering most goods in most markets we would likely observe that they are quasi-public goods.
A public good (also known as a social good or communal good) is a non-excludable and non-rivalrous good in economics. Users cannot be denied access to or use of such items for failing to pay for them. Therefore, usage by one individual neither inhibits nor reduces the availability of others.
As a result, the good can be utilised by more than one person at the same time. This is in contrast to a non-excludable but somewhat rivalrous common good, such as wild fish populations in the ocean.
Learn more about public goods
https://brainly.com/question/14975509
#SPJ4
There will be an upward movement along the short-run aggregate supply curve to a higher real output level. An increase in taxes on businesses in the United States will likely have what impact on the short-run aggregate supply SRAS curve in the United States?
An increase in taxes on businesses in the United States will likely shift the short-run aggregate supply (SRAS) curve to the left side (decrease) in the United States.
The SRAS (short-run aggregate supply) curve represents the supply curve of goods and services at various price levels over the short term, typically a year or less. It represents the total output that businesses in the United States are willing and able to supply at various price levels in the short term.
An increase in taxes on businesses in the United States will likely increase the cost of production for firms, reducing their willingness and ability to supply goods and services in the short run. As a result, this shift to the left of the SRAS curve would cause a decrease in output and an increase in prices. In other words, there will be an upward movement along the short-run aggregate supply curve to a higher real output level.
Learn more about SRAS at https://brainly.com/question/28260055
#SPJ11
The table describes hypothetical employment statistics for a country in a given year. Full-time workers and Labor force Involuntary part-time workers Discouraged workers voluntary part-time workers 188 milliorn 200 milliorn 6 million 4 million Based on the information, what is the unemployment rate? Enter your answer as percentage rounded to one decimal place.
An employment rate refers to the employment-to-population ratio or, more specifically, the proportion of working-age persons employed in an economy.
The given table describes the hypothetical employment statistics for a country in a given year.
The table shows the following information:
Full-time workers = 188 million
Involuntary part-time workers = 6 million
Discouraged workers = 4 million
Voluntary part-time workers = 200 million
Total Labor Force = Full-time workers + Involuntary part-time workers + Discouraged workers + Voluntary part-time workers= 188 million + 6 million + 4 million + 200 million= 398 million
Total number of unemployed persons = Involuntary part-time workers + Discouraged workers= 6 million + 4 million= 10 million
Therefore, the unemployment rate is calculated by the formula:Unemployment rate = (Number of unemployed persons / Labor force) × 100
Putting the given values in the above formula, we get:
Unemployment rate = (10 million/398 million) 100 = 2.51% (rounded to one decimal place)Therefore, the unemployment rate is 2.51%.
To learn more about “unemployment rate” refer to the https://brainly.com/question/13280244
#SPJ11
Names that become synonymous with product categories like Kleenex, Kitty Litter, Jell-O, and Xerox, need to ensure they retain their brand names remain ________ so they can retain their trademark rights and avoid becoming generic.
A) meaningful
B) likable
C) protectable
D) transferable
E) adaptable
Names that become synonymous with product categories like Kleenex, Kitty Litter, Jell-O, and Xerox, need to ensure they retain their brand names remain protectable (option C) so they can retain their trademark rights and avoid becoming generic.
A trademark is a form of intellectual property that protects a product or service's brand name, logo, slogan, or other identifiers from unauthorized use. Companies and businesses use trademarks to protect their brand names and logos to prevent other businesses from using them to advertise their products or services. They also help consumers to differentiate between the products and services of different brands.
Trademark rights are a set of legal rights granted to the owner of a trademark. Trademark rights grant the owner the exclusive right to use their trademark
in connection with the products and services for which it was registered. Trademark rights allow the trademark owner to control how their trademark is used and who uses it. These rights can be used to prevent others from using a similar mark or from using a mark that is confusingly similar to the registered trademark.
In conclusion, brand names that become synonymous with product categories need to ensure they retain their brand names remain protect-able so they can retain their trademark rights and avoid becoming generic.
Therefore. the correct option is C) protect-able.
To know more about trademark, visit: https://brainly.com/question/11957410
#SPJ11
full employment is not considered to be zero unemployment, because
Because it represents the maximum number of skilled and unskilled workers that can be employed within an economy at any particular time, full employment is not the same as zero unemployment.
When all labor resources are being utilized as effectively as feasible, full employment has occurred. Full employment is when there are as many skilled and unskilled workers as is practical in a particular economy. As goals for economic policy, economists define full employment in a variety of ways based on their beliefs. The majority of contemporary economists concur that a certain amount of unemployment is required to control inflation as well as to provide people the opportunity to switch occupations, further their education, or develop their skills. A contract called an employment outlines the precise services that workers will do for their employers in exchange for a wage or salary.
To learn more about full employment refer here:
https://brainly.com/question/29809398
#SPJ4
T/F: The key to effective supply chain management is to get many suppliers to compete with each other, in order to drive down prices
The given statement is false. While competition among suppliers can sometimes result in lower prices, the key to effective supply chain management is not just about getting the lowest price.
Supply chain management is about creating a strategic and collaborative relationship between the company and its suppliers, ensuring that the right products are delivered at the right time and at the right price to meet customer demand while minimizing costs and risks. This may involve working closely with a select group of reliable suppliers who can offer value beyond just low prices, such as quality, innovation, and flexibility.
You can learn more about supply chain management at
https://brainly.com/question/15217906
#SPJ11
entify which of the following steps are used to prepare the income statement section of the worksheet: multiple select question. extend the expense account balances from the adjusted trial balance to the debit columns of the income statement sections confirm that total debits equal total credits extend the revenue account balances from the adjusted trial balance to the credit columns of the income statement sections calculate the total of the debit and credit columns extend the equity account balances from the adjusted trial balance to the credit columns of the inco
To prepare the income statement section of a worksheet, multiple steps are involved. The correct steps for preparing the income statement section of the worksheet are as follows: Confirm that total debits equal total credits.
Extend the expense account balance from the adjusted trial balance to the debit columns of the income statement sections. Extend the revenue account balances from the adjusted trial balance to the credit columns of the income statement sections. Calculate the total of the debit and credit columns. Extend the equity account balances from the adjusted trial balance to the credit columns of the income statement sections. What is a worksheet? A worksheet is a document that is created by an accountant in which all the accounts of the business are collected in a single sheet. A worksheet aids accountants in preparing financial statements such as the income statement, balance sheet, and cash flow statement. It is a preliminary accounting record that is used to aid accountants in the development of financial statements.
Read more about accounting here:https://brainly.com/question/26690519
#SPJ11
what denominator amounts does an analyst use to calculate the common size balance sheet and income statement?
The common size balance sheet and income statement use a common denominator amount of 100 to calculate percentages.
This allows the analyst to make comparisons across various periods, companies, and industries.
The common denominator amount used to calculate the common size balance sheet and income statement is 100. This means that every item on the balance sheet and income statement is expressed as a percentage of 100. This allows the analyst to make comparisons across different periods, companies, and industries.
For example, if Company A's cash assets are 30% of its total assets, and Company B's cash assets are 40% of its total assets, then the analyst can see that Company B has a higher percentage of cash assets relative to its total assets.
This comparison could not be done if the items were not expressed as a percentage. Therefore, using a common denominator amount of 100 is essential to the analysis of common size balance sheets and income statements.
To know more about balance sheet click on below link:
https://brainly.com/question/26323001#
#SPJ11
threatening your employer with a gun in order to get a raise would not be considered a white-collar crime because this conduct involves: blank . multiple choice question.
Threatening your employer with a gun in order to get a raise would not be considered a white-collar crime because this conduct involves desperation.
What is white-collar crime?White-collar crime refers to non-violent crime that is committed for financial gain. The term "white-collar crime" was coined in 1939 by sociologist Edwin Sutherland, who defined it as "a crime committed by a person of respectability and high social status in the course of their occupation."
Threatening your employer with a gun in order to get a raise would not be considered a white-collar crime because this conduct involves physical force. It is not a financial crime committed by an employee, but rather a violent crime against an employer, which is not related to the employee's job. This act may lead to criminal charges and imprisonment, regardless of the individual's occupation or social status.
Your question is incomplete but most probably your full question was:
Threatening your employer with a gun in order to get a raise would not be considered a white collar crime because this conduct involves__________
Multiple choice question.
desperationa raiseyour employer violenceLearn more about white collar crime at https://brainly.com/question/1573032.
#SPJ11
If you were operating a fast-food restaurant, which of the following would represent a fixed cost of production in the short run? a. an annual business license fee paid to the local government b. wages paid to workers c. the cost of electricity to light the restaurant d. the cost of paper supplies (napkins, bags, etc.)
If you were operating a fast-food restaurant, an annual business license fee paid to the local government would represent a fixed cost of production in the short run. Hence, option A. is correct.
What are fixed costs?Fixed costs are expenses that remain the same regardless of how much of a product is manufactured. They include everything from rent to salaries and insurance to property taxes. Fixed costs are essential for establishing a company and keeping it operating smoothly in the long run.
In the short run, fixed costs are expenses that cannot be changed to boost or decrease the production of a product. In the short term, fixed costs cannot be modified; therefore, they are constant. Rent, insurance, and salaries are all examples of fixed costs that businesses must pay on a regular basis to keep their doors open.
In the case of a fast-food restaurant, an annual business license fee paid to the local government is an example of a fixed cost of production in the short run, as it is an expense that cannot be changed to increase or decrease the production of a product.
Hence, option A. an annual business license fee paid to the local government is correct.
Learn more about Fixed costs here:
brainly.com/question/20670674
#SPJ11
all of the following standards are used to determine whether a person is defined as an investment adviser, except:
An investment adviser is someone who provides advice or services to clients concerning securities, such as stocks, bonds, and other investment products. To be considered an investment adviser, a person must meet certain standards, including:
Registration with the Securities and Exchange Commission (SEC)Membership in a self-regulatory organizationBeing subject to the jurisdiction of a state securities regulatorHaving at least a certain amount of assets under managementHowever, the criteria listed above are not the only standards used to determine if a person is an investment adviser. Other factors, such as a person’s professional credentials, experience in the field, and qualifications to provide investment advice, may also be considered. For example, a person may be able to provide investment advice without having any assets under management, but they may still be considered an investment adviser if they have the necessary qualifications.
Therefore, the answer to the question is: "Having at least a certain amount of assets under management" is not an essential criterion used to determine whether a person is an investment adviser.
To know more about securities and Exchange Commission (SEC) refer here :
https://brainly.com/question/28426974
#SPJ11
an electric toothbrush costs $72, including a 20% price markup. what was the cost for the store to purchase the electric toothbrush?
An electric toothbrush costs $72, including a 20% price markup. The cost for the store to purchase the electric toothbrush is $60.
Let's suppose the cost for the store to purchase the electric toothbrush is x dollars.
Therefore, 20% of the cost price of the toothbrush is 0.20x dollars.
Cost price + Mark up = Selling price
The electric toothbrush costs $72, which is the selling price.
Therefore, 72 = x + 0.20x
Simplify : 72 = 1.20xDivide both sides by 1.20x = 60
Thus, the cost for the store to purchase the electric toothbrush is $60.
Answer: 60
Learn more about Costs here:
https://brainly.com/question/481029
#SPJ11
If you employer gives you a raise that is equal to the inflation rate, then your real salary will have increased True or False
False. If your employer gives you a raise that is equal to the inflation rate, then your nominal salary will have increased, but your real salary (purchasing power) will remain the same as before.
A measure of inflation is the rise in an economy's total level of prices for goods and services over time. The buying power of money declines when the inflation rate is positive, indicating that the same amount of money can buy fewer products and services. The nominal wage of an employee will grow, or their take-home pay will go up, if their employer provides them a raise that is equivalent to the inflation rate. Yet, their real wage, which measures the income's buying power, will stay the same as it was prior to the boost.
learn more about inflation here:
https://brainly.com/question/28190771
#SPJ4
as cassette tapes became increasingly popular in the 1980s, larger 8-track tapes were no longer being advertised and were available in fewer stores. which stage of the product life cycle were 8-track tapes in when this happened? multiple choice question. growth decline introduction maturity
Answer:
8-track tapes were in the Decline stage of the product life cycle when they became less popular in the 1980s and were no longer being advertised and available in fewer stores.
Explanation:
As cassette tapes became increasingly popular in the 1980s, larger 8-track tapes were no longer being advertised and were available in fewer stores. The stage of the product life cycle that 8-track tapes were in when this happened is "decline."
A product life cycle can be defined as a series of stages a product goes through during its lifetime. Product life cycle stages are introductory, growth, maturity, and decline stages. These stages describe the stages a product goes through from the moment it is launched to the time when it is no longer being produced. The product life cycle is determined by a product's sales volumes and revenues over time, and it is separated into four stages: introduction, growth, maturity, and decline. When a product enters the decline stage of the product life cycle, sales volumes decline as customers become increasingly disinterested in the product, and it is no longer profitable for businesses to produce the product. It is at this stage that the product is no longer being advertised and is available in fewer stores. The correct answer is "decline."
Learn more about the product life cycle here:
https://brainly.com/app/ask?q=+product+life+cycle
#SPJ11
select all that apply which transaction type(s) is/are part of the operating cycle of a merchandising company? (select all that apply). multiple select question. payments for advertising services purchases of merchandise payments for salaries payments for rent sales of merchandise, often on account collections of accounts receivable
The transactions types that are part of the operating cycle of a merchandising company are: purchases of merchandise, sales of merchandise often on account, and collections of accounts receivable.
What is the operating cycle of a merchandising company?
The operating cycle of a merchandising company involves various transactions types that are used in the normal course of the company's activities.
The operating cycle is an accounting term used to describe the length of time it takes for a company to purchase, sell, and receive payment for its products.
In a merchandising company, purchases of merchandise, sales of merchandise often on account, and collections of accounts receivable are all part of the operating cycle.
On the other hand, payments for advertising services, payments for salaries, and payments for rent are not part of the operating cycle.
To know more about operating cycle, refer here:
https://brainly.com/question/15061602#
#SPJ11
question content area spice inc.'s unit selling price is $55, the unit variable costs are $37, fixed costs are $119,000, and current sales are 9,600 units. how much will operating income change if sales increase by 5,700 units?
The operating income will increase by $102,600 if sales increase by 5,700 units for Spice Inc.
To calculate the increase in operating income, we need to first calculate the contribution margin per unit.
= Selling Price per unit - Variable Cost per unit= $55 - $37= $18Total contribution margin for 9,600 units
= $18 * 9,600 = $172,800Next, we can calculate the new total contribution margin if sales increase by 5,700 units:
= ($55 - $37) * (9,600 + 5,700)= $18 * 15,300= $275,400Finally, we can calculate the increase in operating income:
= Total Contribution Margin - Fixed Costs= $172,800 - $119,000= $53,800New Operating Income = New Total Contribution Margin - Fixed Costs
= $275,400 - $119,000= $156,400Operating Income Change = New Operating Income - Operating Income
= $156,400 - $53,800= $102,600Therefore, the operating income will increase by $102,600 if sales increase by 5,700 units for Spice Inc.
Learn more about operating income https://brainly.com/question/26981662
#SPJ11
investment x offers to pay you $4,900 per year for 9 years, whereas investment y offers to pay you $6,500 per year for 5 years. a. if the discount rate is 5 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. if the discount rate is 23 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
In the following question, among the conditions given on investment, (a.) If the discount rate is 5 per cent, the present value of these cash flows is $42,894.23. (b.) If the discount rate is 23 per cent, the present value of these cash flows is $16,438.79.
What is the present value? Present value refers to the current value of an amount of cash in the future after a certain amount of time. It is commonly referred to as the "time value of money." It is also referred to as the amount of cash that would be required now to generate the same future amount of cash assuming a specific interest rate. Present value is important because it provides a method of evaluating cash flows that are expected to occur in the future. Investment X will pay $4,900 every year for 9 years while investment Y will pay $6,500 every year for 5 years.
If the discount rate is 5%, calculate the present value of these cash flows. Present Value of Investment X: For nine years, Investment X would pay $4,900 per year. Using a financial calculator or formula, we can find the present value of this annuity: PV = $4,900 x (1 - 1 / (1 + 0.05)⁹) / 0.05 PV = $4,900 x 6.62235 PV = $32,410.15
Present Value of Investment Y: For five years, Investment Y would pay $6,500 per year. Using a financial calculator or formula, we can find the present value of this annuity: PV = $6,500 x (1 - 1 / (1 + 0.05)⁵) / 0.05 PV = $6,500 x 4.32948 PV = $28,146.25If the discount rate is 23%, calculate the present value of these cash flows.
Present Value of Investment X: PV = $4,900 x (1 - 1 / (1 + 0.23)⁹) / 0.23 PV = $4,900 x 3.22154 PV = $15,772.52Present Value of Investment Y: PV = $6,500 x (1 - 1 / (1 + 0.23)⁵) / 0.23 PV = $6,500 x 1.68949 PV = $10,666.27Therefore, the present value of these cash flows for a 5% discount rate is $42,894.23, and for a 23% discount rate is $16,438.79.
For more such questions on investment
https://brainly.com/question/25790997
#SPJ11
consider the capm. the risk-free rate is 2%, and the expected return on the market is 12%. what is the beta on a stock with an expected return of 14%? a. 1.7 b. 1.5 c. 0.9 d. 1.2
The beta on a stock with an expected return of 14% is 1.2. The Capital Asset Pricing Model (CAPM) equation is used to calculate the expected return on an asset. The correct answer is option d)1.2.
The CAPM equation is as follows: r(i) = rf + beta(i)(rm - rf)where r(i) is the expected return on the asset, rf is the risk-free rate, rm is the expected return on the market, and beta(i) is the asset's beta. The given information is as follows: Risk-free rate = 2%, Expected return on the market = 12%, Expected return on the stock = 14%
Now, we have to calculate the stock's beta. The CAPM equation can be modified to calculate beta as follows: beta(i) = (r(i) - rf) / (rm - rf). We can substitute the given information into this equation as follows: beta(i) = (0.14 - 0.02) / (0.12 - 0.02) beta(i) = 1.2. Hence, option d) is the right answer.
Know more about Capital Asset Pricing Model (CAPM) here:
https://brainly.com/question/28590164
#SPJ11
Equity investors in a private company usually plan to realize a return on their investment by selling their stock when that company is acquired by another firm or sold in the public in a public offering....TRUE OR FALSE??????
This statement is TRUE.
The statement "Equity investors in a private company usually plan to realize a return on their investment by selling their stock when that company is acquired by another firm or sold in the public in a public offering" is TRUE.
What is a Private Company? A privately held company, or simply a private company, is a corporation owned by a relatively small number of shareholders and is not publicly traded on stock exchanges. Private businesses can either be owned by family members or individuals, venture capitalists, or angel investors.
What is an Equity Investor? A person or corporation that invests money in exchange for ownership of a share of the company's equity capital or ownership is known as an equity investor. They have a stake in the company's future earnings and may also have a say in its management choices.
What do Equity Investors in Private Companies Usually Do? Equity investors in private companies typically aim to realize a return on their investment by selling their shares when the company is sold or goes public in an initial public offering (IPO).
You can read more about Private Company at https://brainly.com/question/1361751
#SPJ11
