Answer:
A life insurance policy can pay off any debts that you leave behind that would be a burden to your family. Debts such as a mortgage, credit cards, car loans and even your funeral expenses can have a dramatic impact on your family and their lifestyle.
Explanation:
Any debts that you leave behind and that would be a burden on your family can be paid off by a life insurance policy. Debts like a mortgage, credit card debt, auto loans, and even funeral costs may significantly affect your family's livelihood.
By purchasing life insurance, you may shield your spouse and kids from the potentially catastrophic financial losses that could arise in the event of your passing. It offers financial stability, aids in debt repayment, assists in covering living expenditures, and aids in covering any last or medical costs.
The vast majority of experts concur that you absolutely must obtain life, health, long-term disability, and car insurance. Small company owners, working parents, stay-at-home parents, retirees, childless singles, and empty nesters all stand to gain from life insurance, in general.
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How to calculate momentum?
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as a(n)___________ event.
A) Negative
B) Unimportant
C) Positive
D) A buyer initiated challenge (BIC)
E) Show stopper
Answer:
C) Positive
Explanation:
Although in the question it is stated that Chris, who is a salesman, manages the buyer resistance while presenting the solutions, the Chris also thinks that buyer resistance is a positive event
Thus, in the provided scenario, option c is right, as it does not satisfy all other options available
So the right option is c.postive
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.
Production possibilities frontiers are usually bowed outward. This is because a. resources are specialized; that is, some are better at producing particular goods rather than other goods. b. of the effects of technological change. c. the opportunity cost of producing a good decreases as more and more of that good is produced. d. the more resources a society uses to produce one good, the fewer resources it has available to produce another good.
Answer:
d. the more resources a society uses to produce one good, the fewer resources it has available to produce another good.
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all of its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result less of the other product would be produced. So, the opportunity cost of producing a good increases as more and more of that good is produced.
Please check the attached image for a diagram of the Production possibilities frontiers
An October sales forecast projects 7,000 units are going to be sold at a price of $11.50 per unit. The desired ending inventory in units is 15% higher than the beginning inventory of 1,000 units. Total October sales are anticipated to be a.$70,000 b.$80,500 c.$92,000 d.$69,000
Answer:
$80,500
Explanation:
An October sales forecast project 7,000 units which is going to be sold at the price of $11.50 for one unit
The desired ending inventory is 15% higher than the beginning inventory which is set at 1,000 units
Therefore, the total October sales can be calculated as follows
Total October sales= 7,000 × $11.50
= $80,500
Hence the total October sales is anticipated to be $80,500
In one of the cases in the textbook, Michael Weinstein was the head of Coated Sales, Inc., a company that coated fabrics for use in producing things like parachutes, helmet liners, and camouflage suits. By engaging in financial shenanigans, Coated Sales moved to the top of its industry, but ultimately the good times turned into bad times, and the company declared bankruptcy. What happened to Weinstein
Answer:
The remaining part of the question is:
What happened to Weinstein?
A. After the bankruptcy, he raised new capital and started another fabric coating company.
B. He was convicted, sentenced to prison, and ordered to make restitution.
C. He cooperated with the government and became an informant against his partners who had been siphoning cash off of government contracts.
D. He was placed on probation after reimbursing the shareholders with the profits he had made on investments in the stock market.
Correct Answer:
B. He was convicted, sentenced to prison, and ordered to make restitution.
Explanation:
As a result of the frauds which Michael Weinstein committed leading to the failure of the company, he was charged to court based on the evidence gathered. Later, he was found guilty by the court leading to him being jailed.
Clay buys an MP3 player for $200 and a pair of stereo speakers for $600 from a Discount City store, and downloads $300 worth of digital music from E-Music. To be enforceable, the contract that must be in writing is the purchase of
Answer:
the pair of stereo speakers
Explanation:
UCC rules and the Statute of Frauds state that any contract for the sale or lease of goods that are worth more than $500 should be in writing. The pair of speakers are worth $600, since they are worth more than $500, then any sales contract must be in writing.
Candice’s first job was at the grocery store making deli food. While in culinary school, she worked part time in a restaurant kitchen, and after finishing school, she found a position as a head chef. With her growing experience and advanced education, Candice has been able to _____.
Answer:
move up the career ladder
Explanation:
A career is a series of jobs that are related, whose foundation is based on interest, knowledge, training and experience. Moving up the career ladder means that one has continuously been growing in experience by moving from series of related jobs with fewer responsibilities to the one with more responsibilities within a specific profession.
Moving up the the career ladder also involve continuous advancement in education related to one's profession with a view to gaining more knowledge that would be applied to the chosen job hence above is an example of moving up the career ladder.
Answer:
B. move up the career ladder.
Explanation:
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Company A bought Company B in 2015 and appropriately recorded $750,000 of goodwill related to the purchase. On December 31, 2019, the fair value of Company B is $5,200,000 and it is carried on Company A’s books at a total book value of $5,800,000, including the goodwill. An analysis of Company B’s assets indicates that the fair value of the net assets of the division total $5,100,000 on December 31, 2019. What goodwill impairment should be recognized by Company A in 2019?
Answer:
Company A and B
Impairment of Goodwill = $700,000
Explanation:
Goodwill on acquisition in 2015 = $750,000
Fair value of Company B in 2019 = $5,200,000
Book value of Company B in Company A = $5,800,000
Assessed fair value of Company B = $5,100,000
Goodwill impairment = $5,100,000 - $5,800,000 = $700,000
Company A's Goodwill impairment arises when the carrying amount of Goodwill in Company A exceeds the fair value of Company B. It is important to check for impairment of goodwill annually. The purpose of assessing goodwill for impairment is to ensure that the carrying amount of goodwill does not exceed the fair value.
the law of demand states that: a) as the price of a good increase, more units are demanded. b) there is a direct relationship between the price of a good and the quantity of the good produced. c) there is a negative relationship between the pridce of a good and the quantity of the good demanded.
Answer:
c) there is a negative relationship between the price of a good and the quantity of the good demanded.
Explanation:
The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded.
This ultimately implies that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.
Bill hires Andrew as a buyer's agent. Bill confides he filed for bankruptcy two years ago. Bill would like to find a seller who is willing to carry the loan. In this situation, a correct statement about Andrew's responsibility regarding disclosure of the bankruptcy when presenting the offer to purchase is that Andrew is
Answer:
d. required to disclose the bankruptcy because it is a material fact—information important to the seller's evaluation of the offer.
Explanation:
In this scenario, Bill hires Andrew as a buyer's agent. Bill confides he filed for bankruptcy two years ago. Bill would like to find a seller who is willing to carry the loan. In this situation, a correct statement about Andrew's responsibility regarding disclosure of the bankruptcy when presenting the offer to purchase is that Andrew is required to disclose the bankruptcy because it is a material fact—information important to the seller's evaluation of the offer.
As standard practice, The principal real estate broker (PREB) is obligated or required to disclose any material fact such as a bankruptcy because it is something that might influence a buyer's decision to either change his or her mind about the transaction. Hence, irrespective of the type of relationship between the principal real estate broker (PREB) and the seller, either an agency or non-agency relationship it is required to disclose the bankruptcy.
The investment approach of one of T. Rowe Price's mutual funds is: "Reflecting a value approach to investing, the fund will seek the stocks of companies whose current stock prices do not appear to adequately reflect their underlying value as measured by assets, earnings, cash flow, or business franchises." This fund is a(n):
Answer:
Active fund
Explanation:
Active funds refer to the fund in which the expertise and a lot of research are required with respect to whether the investment should be hold or not. It could be changed in terms of performance, and the market conditions
Therefore according to the given situation, since the current stock price do not display the underlying value with respect to the assets, earnings, cash flow, etc
So this represents the active fund
Assume the following: (1) the interest rate on 6-month treasury bills is 8 percent per annum in the United Kingdom and 4 percent per annum in the United States; (2) today's spot price of the pound is $1.50 while the 6-month forward price of the pound is $1.485.If the price of the 6-month forward pound were to ____, U.S. investors would no longer earn an extra return by shifting funds to the United Kingdom.a. Rise to $1.52b. Rise to $1.53c. Fall to $1.48d. Fall to $1.47
Answer:
d. Fall to $1.47
Explanation:
currently you will need $1,500 to purchase £1,000 and invest in British bonds. After 65 months you will have £1,040, which you should be able to convert into $1,544.40. If you invested in US bonds, you would have $1,530, so this arbitrage will yield $14.40.
But if instead the British pound fell to $1.47, then your profit would only be $28.80, less than if you invested in US bonds. You again would have £1,040 in 6 months, but that would only be equal to $1,528.80.
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $507 Fees Earned $3,138 Accounts Receivable 720 Insurance Expense 675 Prepaid Insurance 1,506 Land 2,220 Cash 1,948 Wages Expense 570 Dividends 508 Common Stock 4,502 Prepare a trial balance. The total of the debits is
Answer:
The debit balance of the trial balance is $8,147
Explanation:
Monroe Entertainment Co
DEBIT CREDIT
Particulars Amount$ Particulars Amount$
Account Receivables 720 Accounts Payable 507
Prepaid Insurance 1,506 Fee earned 3,138
Cash 1,948 Common stock 4,502
Dividends 508
Insurance Expenses 675
Land 2,220
Wage Expenses 570
Total $8,147 Total $8,147
Addams Corporation paid cash dividends totaling $75,000 during its most recent fiscal year. How should this information be reported on Addam's statement of cash flows?In operating activities as a source of funds.In investing activities as a source of funds.In financing activities as a source of funds.In investing activities as a use of funds.In financing activities as a use of funds.
Answer:
The answer is E. In financing activities as a use of funds.
Explanation:
In cash flow, to be a source of fund means there is cash inflow i.e cash is coming in to the business and to be a use of fund means there is cash outflow i.e cash is going out of the business the business.
Also in cash flow, we have three sections - operation, investing and financing sections.
For cash flow from operating activities, use of fund or source of fund about how a business carries its normal activities are important here.
Cash flow from investing activities is about long term Investment the company is engaging on e.g sale or Purchase of machinery.
Cash flow from financing activities is about how the company is funding the business or how the firm is repaying its shareholders for using their fund e.g payment of dividends(use of fund i.e cash outflow)
On October 31, the stockholders’ equity section of Sunland Company’s balance sheet consists of common stock $696,000 and retained earnings $397,000. Sunland is considering the following two courses of action: (1) Declaring a 5% stock dividend on the 87,000 $8 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $4 per share. The current market price is $15 per share. Prepare a tabular summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Answer: Please find answers in the explanation column
Explanation:
Summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Before action After stock dividend After stock split
Stockholder's equity
Paid in capital $696000 696000+ $65,250 $696,000
=$761,250
Retained earnings $397000 397000-($65,250) $397,000
=$331,750
Total Stockholder's
equity $1,093,000 $1,093,000 $1,093,000
Outstanding shares $87,000 87000 + 4,350 87000 x 2 =
=$91, 350 $174,000
Calculations:
stock dividend = Number of outstanding shares x percentage of dividend
= 87,000 x 5% =4,350
Amount to purchase 4,350 shares= number of shares x market value per share = 4,350 x 15= n$65,250
Number of shares after stock split of 2-for -1 = 87,000 x 2 = 174,000
Glenda, the plant manager for ABC Corporation, views the results from the latest survey of employee attitudes. The results show that job satisfaction in the manufacturing plant has dropped significantly since the last survey. This is a ________ source of change.
Answer:
Human resource problem
Explanation:
Human resources is defined as the people that make up the workforce of a business entity. It is also termed manpower, labour, and personel that make up the employee base of a company.
Considerations of human resources are welfare, benefits, hiring, training, and records. These activities have to be satisfactory to maintain a productive workforce.
In the given scenario Glenda views the results of job satisfaction in the manufacturing plant and notices it has dropped significantly since the last survey.
This is a sign that there is a problem related to the human resources of the company.
Job satisfaction will need to be improved to increase employee productivity
When current government expenditures exceed current tax revenues and the economy is achieving full employment: Group of answer choices fiscal policy is contractionary. the full-employment budget has a deficit. the full-employment budget has neither a deficit nor a surplus. nominal GDP and real GDP are equal.
Answer: the full-employment budget has a deficit
Explanation:
When current government expenditures exceed current tax revenues and the economy is achieving full employment, it means that the full-employment budget has a deficit.
This means that the government of that particular economy is spending more than what it generates. This lead to the deficit that has been incurred.
All the following statements concerning ordinary life insurance are correct EXCEPT: Group of answer choices The face amount of the policy is paid if the insured lives to age 75. Premiums are level throughout the life of the policy. There is a build-up of cash value the policyholder can borrow. Ordinary life offers the policyholder the flexibility to meet a wide range of financial objectives.
Answer:
Correct Answer:
4. Ordinary life offers the policyholder the flexibility to meet a wide range of financial objectives.
Explanation:
Ordinary life insurance is a type of life insurance in which policyholders pay premiums for their whole lives at a set price and interval. Despite offering protection in an event of unfortunate event for the policyholders, it does not offer the flexibility to meet wide range of financial objectives.
Ordinary life insurance policies are often considered paid up if the policyholder reaches 100 years of age.
What profit-oriented pricing method is often used because of the difficulty in establishing a benchmark of sales or investment to show how much of a firm's effort is needed to achieve the target
Answer:a
Explanation:
The project will need an initial investment of $1,200,000 and will generate $600,000 (after-tax) cash flows for three years. However, at the end of the fourth year, the project will generate -$500,000 of after-tax cash flow due to dismantling costs. Calculate the IRR for the project if the cost of capital is 15%.
Answer:
6.53%
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated using a financial calculator
Cash flow in year 0 = $-1,200,000
Cash flow each ueaar from year 1 o 3 = $600,000
Cash flow in year 4 = $-500,000
IRR = 6.53%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Sarah Meeham blends coffee for Tasti-Delight. She needs to prepare 170 pounds of blended coffee beans selling for $3.76 per pound. She plans to do this by blending together a high-quality bean costing $5.00 per pound and a cheaper bean at $2.00 per pound. To the nearest pound, find how much high-quality coffee bean and how much cheaper coffee bean she should blend
Answer:
The quantity of high-quality coffee been is 100 and cheaper coffee bean is 70.
Explanation:
Let the quantity of high-quality coffee bean = x
The price of high-quality bean = $5 per pound.
Let the cheaper coffee bean = y
The price of cheaper coffee bean = $2 per pound.
So, from the equation there are two equation can be formed.
x + y = 170
5x + 2y = 170×3.76
Now, solve both the equation for the value of x and y.
x + y = 170
x = 170-y
now insert, x = 170 – y in the below equation.
5x + 2y = 170×3.76
5 (170 – y) + 2y = 639.2
850 – 5y + 2y = 639.2
-3y = 639.2 – 850
- 3y = -210.8
y = 70.26 or the 70
now insert 70 in x = 170-y.
x = 170 – 70
x = 100
Thus, the quantity of high-quality coffee been is 100 and cheaper coffee bean is 70.
Compared to bondholders, stockholders are generally… Group of answer choices Face lower risk and have the potential for higher returns. Face higher risk but receive a fixed payment. Face higher risk and have the potential for higher returns. Face lower risk but receive a fixed payment.
Answer:
Face higher risk and have the potential for higher returns.
Explanation:
Compared to bondholders, stockholders generally face higher risk and have the potential for higher returns.
The criteria that parties to a contract must be in agreement is also known as
A: Consideration
B: Legality
C: Mutual Assent
D: Capacity
Answer:
C: Mutual Assent.
Explanation:
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.
In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
All else equal, which of the following is most likely to increase a company's retained earnings breakpoint? a. An increase in the company's dividend payout ratio b. both factors will lead to an increase in the retained earnings breakpoint. c. A decrease in the fraction of equity used in the company's target capital structure
Answer: decrease in the fraction of equity used in the company's target capital structure
Explanation:
Retained earnings is the part of the net income that is left over for the business when the business has already paid out dividends to the shareholders. The retained earnings can be put back into the business.
A decrease in the fraction of equity used in the company's target capital structure will lead to an increase a company's retained earnings breakpoint.
An agent of a broker dealer has hired a sales assistant who is not registered. The sales assistant will answer the telephone, handle customer queries, and perform other clerical duties. All of the following arrangements for compensating the unregistered sales assistant are permitted except:_________.A. Hourly wageB. Performance bonusC. Annual salarD. production bonus
Answer:
D. production bonus
Explanation:
With regards to the above, an unregistered person cannot be compensated with commissions or pay based on production . While the unregistered sales assistant may be compensated for hourly wage, performance bonus and annual salary; he would not be compensated for production bonus because he is not allowed to partake in the commissions, or share in any fortune of the business with the agent he works for.
A production bonus unlike performance bonus(bonus paid for doing a good job), is based on the level of commissions and other fees that are earned hence not permitted for an unregistered persons or sales assistant.
The dependence of America on gasoline and diesel-powered vehicles has had both negative and positive effects. A positive effect has been the ability to distribute goods to areas where they are not manufactured. A negative effect has been the proliferation of illegal used tire dumping. This is an example of a(n):
Answer:
Unanticipated effect.
Explanation:
The concept of unanticipated effect can be defined as those consequences that are unitended or unanticipated in affect of certain actions taken by people-or government. The term was coined by Robert K. Merton.
When the government make certain decisions, they may produce certain consequences or effects that were not intended or intentional.
In the given case, the dependence of America on gasoline and diesel-powered vehicles have both negative and positive effects. These effects are not intended but are produced as a consequence of the actions of the government.
Thus the correct answer is unanticipated effect.
Which of the following statements is most correct? Group of answer choices The percentage flotation cost associated with issuing new common equity is typically smaller than the flotation cost for new debt. The WACC is an estimate of the cost of all the capital a company had raised in the past. The WACC is an estimate of a company’s before-tax cost of capital. There is an "opportunity cost" associated with using retained earnings.
Answer:
There is an "opportunity cost" associated with using retained earnings hence, they are not free
Explanation:
The opportunity cost is the cost that are incurred to gain a better thing by sacrificing the other thing among the other alternatives.
And, the retained earning is the amount which is left after pay off to the shareholders
Therefore the last statement is correct both of them are associated with each other
And the other options are incorrect
michelle works in retail and cant decide what products to include i the stores front window display what is the first step she should take to solve this problem
The available options are:
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
State the problem.
Explanation:
In a situation like this, it is expected that the first step to take to solve the problem is that Michelle should understand the reason, she wants to put the product on the window display. This includes knowing what she will benefit by placing the product on the window display and which product she wants to display. This process which is the first step in the problem-solving technique is known as STATE THE PROBLEM.
Hence, the right answer is State the Problem.
On January 1, 2018, Martinez Inc. granted stock options to officers and key employees for the purchase of 22,000 shares of the company’s $10 par common stock at $23 per share. The options were exercisable within a 5-year period beginning January 1, 2020, by grantees still in the employ of the company, and expiring December 31, 2024. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $340,800.On April 1, 2019, 2,200 options were terminated when the employees resigned from the company. The market price of the common stock was $33 per share on this date.On March 31, 2020, 13,200 options were exercised when the market price of the common stock was $41 per share.Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December 31, 2018, 2019, and 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)DateAccount Titles and ExplanationDebitCreditJan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Jan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Jan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Jan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Mar. 31, 2020
Answer:
Date Account titles and explanation Debit Credit
Jan 1, 2018 No entry
Dec 31, 2018 Compensation expense $170,400
Paid in capital - stock option $170,400
($340800 * 1/2)
April 1,2019 Paid in capital - stock option $17,040
Compensation expenses $17,040
($170400 * 2200 / 22000)
Dec 31 ,2019 Compensation expenses $153,360
Paid in capital - stock option $153,360
{($340800 * 1/2) * 19800 / 22000}
Mar 31, 2020 Cash $303,600
(13,200 * $23)
Paid in capital - stock option $204,480
($340800 * 13200 / 22000)
Common stock $132,000
(13200 * $10)
Paid in capital in excess of par $376,080
