Answer:
a. Botswana b. AustriaExplanation:
Botswana had the fastest growth in real income per person from 1960 to 2010 with an annual growth rate of 6.21%. This is most likely down to the discovery of diamonds in the country towards the end of the 20th century.
In 2010, Austria had the highest real income per person with an income of $35,031. This is most likely due to the fact that Austria has a heavy presence in the service industry and a low population of less than 10 million people.
Analysts estimate that a bond has a 40 percent probability of being priced at $950 and a 60 percent probability of being priced at $1,050 one year from today. The bond is also callable at any time at $1,010. What is the expected value of this bond in one year?
A) $1,000
B) $980
C) $1,010
D) $995
E) $986
Answer:
E) $986
Explanation:
The computation of the expected value of the bond in one year is shown below;
= (Probability × Price of bond) + (Probability × Callable price bond)
= (0.4 × $950) + (0.60 × $1,010)
= $986
Hence, the expected value of the bond in one year is $986
Therefore the correct option is E.
Suppose a wealthy French citizen buys $2 million worth of stock issued by an American corporation. The American firm uses the proceeds for a factory expansion.
This is an example of foreign _____ investment in the United States.
Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries?
(i) Provide tax breaks and patents for firms that pursue research and development in health and sciences.
(ii) Protect property rights and enforce contracts.
(iii) Give families cash payments on the condition that their children show up for school and medical exams.
(iv) Pursue inward-oriented policies.
Which of the following are possible outcomes of rapid population growth?
(i) A reduction in human capital per worker
(ii) A reduction in capital per worker
(iii) An increase in technological knowledge
(iv) All of the above
Answer: 1. Portfolio
2. • Protecting property rights and enforce contracts.
• Providing tax breaks and patents for firms that pursue research and development in health and sciences.
3. All of the above
Explanation:
1. Since the wealthy French citizen buys $2 million worth of stock issued by an American corporation and the American firm uses the proceeds for a factory expansion, then this is considered to be an example of foreign portfolio investment in the United States.
2. The policies that are consistent with the goal of increasing productivity and growth in developing countries include:
• Protecting property rights and enforce contracts.
• Providing tax breaks and patents for firms that pursue research and development in health and sciences.
3. The possible outcomes of rapid population growth include a reduction in the human capital per worker, a reduction in capital per worker and an increase in technological knowledge. Therefore, the answer is all of the above.
The firm utilizes foreign proceeds for the expansion of its factory. Thus, this is an example of foreign portfolio investment in the United States.
What is foreign portfolio investment?The purchase of foreign securities, such as stocks and bonds, on an exchange is known as foreign portfolio investment.
For the first case, the American firm uses foreign portfolio investment for the expansion of its factory.
For the second case, policies that are in line with the goal of enhancing productivity and growth in developing countries include the following:
Provide tax breaks and patents for firms that pursue research and development in health and sciences.Protect property rights and enforce contracts.For the third case, the outcomes of rapid population growth are:
A reduction in human capital per workerA reduction in capital per worker.An increase in technological knowledge.Therefore, the correct answer for the first case is Foreign portfolio investment, for the second case Option (i), (ii), and for the third case Option (iv) All of the above is the correct answer.
To learn more about Foreign portfolio investment, refer to the link:
https://brainly.com/question/1125884
BBB Leasing purchased a machine for $280,000 and leased it to Jack Tupp Auto Repair on January 1, 2021. Lease description: Quarterly rental payments $16,427 at beginning of each period Lease term 5 years (20 quarters) No residual value; no BPO Economic life of machine 5 years Implicit interest rate 7% Fair value of asset $280,000 What is the balance in the lease payable account after the April 1, 2021, lease payment
Answer: $251758.53
Explanation:
Based on the information given in the question,
Total lease liability = $280,000
Then, the balance in the lease payable account when the first lease payment takes place on January 1, 2021 will be:
= $280,000 - $16,427
= $263573
The, the interest that is included in the lease payment that's made on April 1, 2021 Will be:
= $263573 x 7% x 1/4
= $4612.53
Then, the principal amount that's included in the lease payment made on April 1, 2021 will be:
= $16,427 - $4612.53
= $11814.47
Therefore, the balance in the lease payable account after the April 1, 2021, lease payment will be:
= $263573 - $11814.47
= $251758.53
Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1, 2019, at $35 per share. 800,000 shares of $100 par value, 7.5% cumulative, preferred stock were authorized; 540,000 shares were issued on January 1, 2019, at $105 per share. No dividends were declared or paid during 2019 or 2020. However, on December 22, 2021, the board of directors of Permabilt Corp. declared dividends of $15,000,000, payable on February 12, 2022, to holders of record as of January 8, 2022.
Required:
a. Use the horizontal model for the issuance of common stock and preferred stock on January 1, 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.)
b. Use the horizontal model for the declaration of dividends on December 22, 2021. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.)
c. Use the horizontal model for the payment of dividends on February 12, 2022. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.)
Answer:
Permabilt Corp.
Financial Statement Effects:
Balance Sheet Statement of
Assets = Liabilities + Equity Cash Flows
a. January 1, 2019:
Cash $26,250,000
Common stock $26,250,000 FA cash inflow
b. December 22, 2021:
Dividends -$15,000,000
Dividends Payable $15,000,000
c. February 12, 2022:
Dividends Payable -$15,000,000
Cash -$15,000,000 FA cash outflow
Total $11,250,000 = 0 + $11,250,000
Explanation:
a) Data and Analysis:
January 1, 2019
Cash $26,250,000 Common stock $26,250,000
Cash $56,700,000 7.5% Cumulative Preferred Stock $54,000,000 Additional Paid-in Capital - Preferred $2,700,000
December 22, 2021:
Preferred Stock Dividends $4,050,000 ($54,000,000 * 7.5%)
Common Stock Dividends $10,950,000 ($15,000,000 - $4,050,000)
Dividends Payable $15,000,000
February 12, 2022:
Dividends Payable $15,000,000
Cash $15,000,000
The journal entry a company uses to record fully funded pension rights for its salaried employees at the end of the year is
a. debit Pension Expense; credit Unfunded Pension Liability and Cash.
b. debit Pension Expense; credit Unfunded Pension Liability.
c. debit Pension Expense; credit Cash.
d. debit Salary Expense; credit Cash.
Answer:
The answer is C.
Explanation:
The correct option to the question is C.
Debit pension expense and credit cash.
Because the pension expense account is increasing, we debit. Increase in expense goes to the debit side.
And because cash is reducing by paying out pension expense from there, we credit the cash account. Decrease in asset(like cash) goes to the credit side.
The May transactions of Bramble Corp. were as follows:
May 4 Paid $610 due for supplies previously purchased on account.
7 Performed advisory services on account for $6,840.
8 Purchased supplies for $870 on account.
9 Purchased equipment for $1,930 in cash.
17 Paid employees $700 in cash.
22 Received bill for equipment repairs of $800.
29 Paid $1,280 for 12 months of insurance policy. Coverage begins June 1.
Required:
Journalize the transactions.
Answer and Explanation:
The journal entries are given below:
On May 4
Account payable $610
To cash $610
(To record the cash paid)
On May 7
Account receivable $6,840
To service revenue $6,840
(To record the service on account)
On May 8
Supplies $870
To Account payable $870
(To record supplies purchased on account)
On May 9
Equipment $1,930
To cash $1,930
(To record the equipment purchase)
On May 17
Salary expense $700
To cash $700
(To record the salaries expense)
On May 22
Repair expense $800
To Account payable $800
(To record the received bill for repairing of an equipment)
On May 29
Prepaid rent $1,280
To cash $1,280
(To record the cash paid)
giá trị của hàng hóa được quyết định bởi đâu?
Answer:
Giá trị của hàng hóa được quyết định bởi: ► Lao động của người sản xuất hàng hóa kết tinh trong hàng hóa. ► Sự hao phí sức óc, bắp thịt, thần kinh của con người. ☺ Lao động trừu tượng của người sản xuất hàng hóa kết tinh trong hàng hóa. ► Quan hệ cung cầu về hàng hóa ở trên thị trường.
Explanation:
Assume that Parker Company will receive SF100,000 in 360 days. Assume the following interest rates: U.S. Switzerland 360-day borrowing rate 7% 5% 360-day deposit rate 6% 4% Assume the forward rate of the Swiss franc is $1.0455 and the spot rate of the Swiss franc is $1.0037. If Parker Company uses a Money Market Hedge, it will receive _____in 360 days.
Answer:
$99,414
Explanation:
Calculation to determine how much he will receive If Parker Company uses a Money Market Hedge,
First step is to determine the amount borrowed
Borrowed=(SF100,000/1.05)
Borrowed= SF95,238
Second step is convert SF95,238 to dollar
SF 95,238*$1.0037
=$95,590.38
Now let determine the amount to receive
Amount received=$95,590.38*1.04
Amount received=$99,414
Therefore If Parker Company uses a Money Market Hedge, it will receive $99,414 in 360 days.
Boston Consulting Group (BCG) is a management consulting, technology services and outsourcing organization. Which of the following actions should managers take when there is evidence that a fixed-rate contract is over budget and will generate a loss for the firm?
a. Use the percentage of completion method and pro rate the loss over the entire term of the engagement
b. Restate the financial statements and recognize the loss in the earliest period of the engagement
c. Use the percentage of completion method to recognize the loss over the remaining term of the engagement.
d. Recognize the loss in the current period rather than over the remaining term of the engagement
e. None of the above
Answer: D. Recognize the loss in the current period rather than over the remaining term of the engagement
Explanation:
A fixed rate contract is the contract whereby the payment amount isn't dependent on the resources or the time that were used.
Since there's evidence that a fixed-rate contract is over budget and will generate a loss for the firm, the manager should recognize the loss in the current period rather than over the remaining term of the engagement.
Therefore, the correct option is D.
Classify each of the following statements as positive or normative.
Statement positive negative
Economic development should not take place at the expense of social justice.
The government can increase labor productivity by improving public education.
Society faces a short-run trade-off between inflation and unemployment.
The Federal Reserve should take action to lower the inflation rate.
The government must take action to reduce the unemployment rate.
Answer:
Positive Economics is the branch that deals with analysis of relationship among variable for establishment of cause and effects.
Normative Economics is the branch that deals with value judgement, what ought to be and not.
Statement Classification
1. Economic development should not Normative Economics
take place at the expense of social justice.
2. The government can increase labor Positive Economics
productivity by improving public education.
3. Society faces a short-run trade-off Positive Economics
between inflation and unemployment.
4. The Federal Reserve should take Normative Economics
action to lower the inflation rate.
5. The government must take action Normative Economics
to reduce the unemployment rate.
Insurance.Susan,a trained nurse,was recently elected to the U.S.Senate.Susan is very concerned about the lack of insurance for many children and also working adults who cannot afford the insurance premiums.She proposes legislation that states are taxed sufficiently to provide health insurance coverage to children and that federal funds for state highways are denied to any state that does not also provide insurance coverage for uninsured adults.She also proposed that states with citizens earning higher than average incomes be taxed at a higher rate than other states.Bill,a senator,tells Susan that Congress lacks the authority to tax in this manner because the U.S.Constitution expressly reserves that right to the states.Ellen,another senator,tells Susan that Congress has no authority to link highway funds or any other funds with social welfare objectives.Sam,an administrative assistant,tells Susan that Congress is prohibited from taxing residents of one state at a higher rate than citizens of another state.Which of the following is true regarding Ellen's statement?
A) Ellen is correct.
B) Ellen is correct only if the state is making efforts to put social programs into effect and is not acting unreasonably in refusing to provide needed services.
C) Ellen is partially correct in that Congress has no authority to link highway funds with social services,but any other funds may be linked to social services by executive order.
D) Ellen is partially correct in that Congress has no authority to link highway funds with social services,but other funds may be linked to social services by an act of Congress.
E) Ellen is incorrect.
Answer: E. Ellen is incorrect.
Explanation:
From the information provided, we can deduce that Bill is incorrect. This is because the statement made by Bill that "Congress lacks the authority to tax in this manner because the U.S.Constitution expressly reserves that right to the states" is incorrect. It should be noted that the constitution of the United States contains no such reservation.
Also, Ellen is incorrect. This is because the Congress has the authority to link highway funds or any other funds with social welfare objectives.
Assume that the one-year interest rate is on the vertical axis of the IS-LM model and that the yield curve is initially upward sloping. Suppose that financial market participants expect that the central bank will pursue an open market purchase of bonds in the future. Given this information, we would expect which of the following to occur?
A. The yield curve will become flatter.
B. The yield curve will become vertical.
C. The yield curve will become steeper.
D. The yield curve will become downward sloping.
Answer: A. The yield curve will become flatter.
Explanation:
With the information given in the question, then it should be expected that the yield curve should be flatter.
On the other hand, if the participants that are in the financial market expect the central bank to pursue a contractionary monetary policy in the future, then the yield curve will become steeper.
The following information is available for Trinkle Company for the month of June:
a. The unadjusted balance per the bank statement on June 30 was $56,193.
b. Deposits in transit on June 30 were $2,350.
c. A debit memo was included with the bank statement for a service charge of $8.
d. A $4,862 check written in June had not been paid by the bank.
e. The bank statement included a $600 credit memo for the collection of a note.
f. The principal of the note was $545, and the interest collected amounted to $55.
Required:
Determine the true cash balance as of June 30.
Answer:
Following are the solution the given question:
Explanation:
[tex]\text{Trinkle Company}\\\\ \text{Bank Reconciliation Statement(Partly)}\\\\ \text{As on June 30}[/tex]
[tex]\text{Balance as per Bank statement} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$56,193\\\\\text{Add : deposit in transit} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$2,350\\\\[/tex]
[tex]\$58,543[/tex]
[tex]\text{Less: Outstanding Checks} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$4,862\\\\\text{Adjusted Bank Balance} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$53,681\\\\[/tex]
[tex]\text{The true cash balance on June 30 is} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$53,681[/tex]
The Molding Department of Boswell Company has the following production data: beginning work process 40,000 units (60% complete), started into production 730,000 units, completed and transferred out 690,000 units, and ending work in process 80,000 units (40% complete). Assuming materials are entered at the beginning of the process equivalent units materials are:____. a. 500,000.b. 425,000.c. 450,000.d. 525,000.The Molding Department of Boswell Company has the following production data beginning work process 40,000 units (60% complete) started into production 730,000 units, completed and transferred out 690,000 units, and ending work in process 80,000 units (40% complete). Assuming materials are entered at the beginning of the process equivalent units for materials are:____.a. 770,000. b. 650.000. c. 690.000. d. 810.000.
Answer: 770,000
Explanation:
Assuming materials are entered at the beginning of the process, the equivalent units materials will be:
Beginning work process = 40,000 units
Started into production = 730,000 units
Then equivalent units materials will be:
= 40000 + 730000
= 770000
The case explains that newly-hired CEO Ron Johnson quickly ordered the alteration of all stores to remove discount racks and add premium items. According to the case, that change and others signaled the move from a _________ strategy to a ________ strategy.
Answer:
cost-leadership; blue ocean
Explanation:
From the question we are informed about the case explains that newly-hired CEO Ron Johnson quickly ordered the alteration of all stores to remove discount racks and add premium items. According to the case, that change and others signaled the move from a cost-leadership strategy to a blue ocean strategy.
Cost leadership can be regarded as strategy where there is establishment of a competitive advantage as a result of having the lowest cost of operation in a particular the industry by a firm, in this case, it is possible for a firm to be
lowest cost producer but at same time it doesn't offer lowest-priced products or services.
Blue Ocean Strategy can be regarded as a strategy used in a market in a case whereby where there exist no competition or there is very less competition for a particular product market. This strategy involves searching for a business whereby few firms operate it and pricing pressure is minimal or doesn't exist.
2. What is dy/dx if y=6x'/12+0.4x
Blanchard Company manufactures a single product that sells for $ 180 per unit and whose total variable costs are $ 126 per unit . The company's annual fixed costs are $ 842,400 . ( 1 ) Prepare a contribution margin Income statement for Blanchard Company showing sales , variable costs , and fixed costs at the break even point . ( 2 ) Assume the company's fixed costs increase by $ 141.000 . What amount of sales ( dollars ) is needed to break even
Answer:
Part 1
Income Statement at 15,600 units
Sales ($ 180 x 15,600) $2,808,000
Less Variable Costs ($126 x 15,600) ($1,965,600)
Contribution $842,400
Less Fixed Costs ($842,400)
Net Income $0
Part 2
$3,278,000
Explanation:
Break even (units) = Fixed Cost ÷ Contribution per unit
= $ 842,400 ÷ ($ 180 - $126)
= 15,600 units
Assume the company's fixed costs increase by $ 141.000
Break even (units) = Fixed Cost ÷ Contribution per unit
= ($ 842,400 + $ 141.000) ÷ ($ 180 - $126)
= 18,212 units
Break even Revenue = 18,212 x $ 180 = $3,278,000
During its 2019 fiscal year, a city receives a grant from the state to use on a worthy city project as determined by the city council. No other eligibility requirements exist, but the state requires that the grant proceeds not be spent before the city's 2020 fiscal year. The city council decides to hire a police officer who is to educate young people about the dangers of using illegal drugs. The grant is for $75,000. The state pays the city $75,000 for the grant during its 2019 fiscal year. How should the city report the receipt of the grant proceeds from the state in its Special Revenue Fund?
Answer:
Dr Cash $75,000
Cr Deferred inflows of resources--grant $75,000
Explanation:
Based on the information given we were told that The GRANT is for the amount of $75,000 in which the The state pays the city the amount of $75,000 for the GRANT during its 2019 fiscal year. Therefore the city should report the RECEIPT OF THE GRANT PROCEEDS from the state in its Special Revenue Fund as:
Dr Cash $75,000
Cr Deferred inflows of resources--grant $75,000
(To record receipt of the grant proceeds)
Jane is a very intelligent graduate of FIN 3601. As such, she knows she should will start contributing into her company's retirement plan. She decides to allocate $250 at the end of each month into her 401(k). However, her company offers a fairly generous matching program. For every dollar that Jane saves in her 401(k), her firm will add $0.50 to her account. If she is employed by this firm for 30 years and earns an average of 10.50% on her retirement savings per year, how much will Jane have in her retirement account 30 years from now? Report your answer rounded to two decimal places.
Answer:
The amount that Jane will have in her retirement account 30 years from now is $943,650.37.
Explanation:
Jane’s monthly savings = $250
Amount added monthly by Jane’s firm = Jane’s monthly savings * Amount added by Jane’s firm for every dollar = $250 * $0.50 = $125
Total monthly savings to Jane’s 401(k) = Jane’s monthly savings + Amount added monthly by Jane’s firm = $250 + 125 = $375
Since Jane decides to allocate $250 at the end of each month into her 401(k), this implies the relevant formula to use to calculate the amount Jane will have in her retirement account 30 years from now is the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:
FV = M * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value or the amount that Jane will have in her retirement account 30 years from now = ?
M = Total monthly savings to Jane’s 401(k) = $375
r = Average monthly interest rate = Average annual interest rate / 12 = 10.50% / 12 = 0.1050 / 12 = 0.00875
n = number of months = number of years * number of months in a year = 30 * 12 = 360
Substituting the values into equation (1), we have:
FV = $375 * (((1 +0.00875r)^360 - 1) / 0.00875) = $375 * 2,516.40 = $943,650.37
Therefore, the amount that Jane will have in her retirement account 30 years from now is $943,650.37.
The petty cash fund of the Brooks Agency is established at $250. At the end of the current period, the fund contained $172 and had the following receipts: entertainment, $41; postage, $25; and printing, $12.
Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry.
a. Fund amount is being reduced.b. Fund amount is being increased.c. Fund is being eliminatedd. Fund is being established.
Answer:
a.
Date Account Title Debit Credit
XX-XX-XX Petty Cash $250
Cash $250
b.
Date Account Title Debit Credit
XX-XX-XX Entertainment expense $41
Postage $25
Printing $12
Petty Cash $ 78
Date Account Title Debit Credit
XX-XX-XX Petty Cash $78
Cash $78
2. Reasons why a Petty Cash account would be credited:
a. Fund amount is being reduced.
c. Fund is being eliminated
When the fund is being reduced by expenses, it is credited as shown above.
When the fund is to be eliminated, it will be credited so as to remove all the money in it.
Cocoa nibs from Nigeria last year was supplied at $9 per 10 pounds. This year the demand has increased and that same supply of Nigerian cocoa nibs is priced at $12 per 10 pounds. What will most likely happen to supply of Nigerian cocoa nibs this year?
a. There will be an increase in quantity supplied.
b. There will be a decrease in quantity supplied.
c. The supply curve will shift to the left.
Answer:
Option "a" is correct.
Explanation:
Below is the given values:
The last year supply of Cocoa nibs at $9 = 10 pounds
This year the supply of Cocoa nibs at $12 = 10 pounds
The supply and price of a commodity are directly related to each other. Thus it is given that price increases from $9 to $12. So, the producer will induce to supply more quantity when the price increases.
Therefore, Option "a" is correct.
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If the required return on this investment is 5.8 percent, how much will you pay for the policy
Answer:
the amount that should be paid for the policy is $431,034.48
Explanation:
The computation of the amount that should be paid for the policy is given below:
Present value of perpetual cash flow = Perpetual cash flow ÷ Rate of return
= $25,000 ÷ 5.8%
= $431,034.48
Hence, the amount that should be paid for the policy is $431,034.48
The same should be considered and relevant
The provision of accounting information for internal users is known as
Answer:
managerial accounting
Explanation:
Nash's Trading Post, LLC recorded the return of $150 of goods originally sold on credit to Discount Industries. Using the periodic inventory approach, Nash's would record this transaction as:
Accounts Payable 150
Sales Returns and Allowances 150
Sales Returns and Allowances 150
Accounts Receivable 150
Accounts Receivable 150
Sales Returns and Allowances 150
Inventory 150
Accounts Receivable 150
Answer:
Sales Returns and Allowances 150
Accounts Receivable 150
Explanation:
When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense. So, it is debited and the goods sold on account, the Accounts Receivable which is an asset decreases, so it is credited.
Account Titles and Explanations Debit Credit
Sales Returns and Allowances $150
Accounts Receivable $150
(To record sales returns)
Analyzing the Impact of Selected Transactions on the Current Ratio [LO 13-4, LO 13-5]
In its most recent annual report, Sunrise Enterprises reported current assets of $1,090,000 and current liabilities of $602,000.
Required:
Determine for each of the following transactions whether the current ratio, and each of its two components, for Sunrise will increase, decrease, or have no change: (1) sold long-term assets for cash, (2) accrued severance pay for terminated employees, (3) wrote down the carrying value of certain inventory items that were deemed to be obsolete, and (4) acquired new inventory by signing an 18-month promissory note (the supplier was not willing to provide normal credit terms).
Answer:
Sunrise Enterprises
Impact of Selected Transactions on the Current Ratio:
Current Ratio Current Assets Current Liabilities
(1) increase increase no change
(2) decrease no change increase
(3) decrease decrease no change
(4) increase increase no change
Explanation:
a) Data and Calculations:
Current assets = $1,090,000
Current liabilities = $602,000
Current ratio = 1.8 ($1,090,000/$602,000)
b) The current ratio (the ratio of current assets to current liabilities) is affected by increases or decreases in current assets without equal increases or decreases in current liabilities and vice versa.
If interest rates on the euro are consistently below U.S. dollar interest rates, then for the International Fisher Equation (IFE) to hold between the US and the Eurozone:_________
a) The nominal exchange rate for the euro will remain constant.
b) The euro will depreciate against the dollar The euro will appreciate against the dollar.
c) Purchasing power parity must hold between the dollar and the euro.
d) The euro will remain constant with respect to the dollar.
Answer:
The euro will appreciate against the dollar.
Explanation:
Since in the given situation it is mentioned that the rate of interest is consistently less than the interest rate of US so here in the IFE, the euro normally appreciated or increased as against the dollar
So as per the given option, the above should be the answer and the same should be relevant
Therefore the rest of the options are considered to be wrong
Erica Shotwell's company pays her $18.92 per hour for regular time up to 40 hours, and time-and-a-half for overtime. Her time card for Monday through Friday last week had 8.3 8.8, 7.9, 9.4, and 10.6 hours. What was Erica's gross pay?
Answer:
Erica Shotwell's Company
Erica's gross pay for working 45 hours during the last week is:
= $898.70
Explanation:
a) Data and Calculations:
Regular pay per hour = $18.92
Overtime pay per hour = $28.38 ($18.92 * 1.5)
Week Day Hours worked
Monday 8.3
Tuesday 8.8
Wednesday 7.9
Thursday 9.4
Friday 10.6
Total hours worked 45
Regular pay = 40 * $18.92 = $756.80
Overtime pay = 5 * $28.38 = 141.90
Erica's gross pay for the week = $898.70
Selected current year company information follows: Net income $ 16,753 Net sales 720,855 Total liabilities, beginning-year 91,932 Total liabilities, end-of-year 111,201 Total stockholders' equity, beginning-year 206,935 Total stockholders' equity, end-of-year 133,851 The total asset turnover is: (Do not round intermediate calculations.)
Answer:
the total asset turnover is 2.65 times
Explanation:
The computation of the total asset turnover is shown below;
As we know that
Total assets turnover is
= Net sales ÷ average of total assets
= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2
= $720,855 ÷ $271,959.50
= 2.65 times
Hence, the total asset turnover is 2.65 times
The following transactions were completed by the company.
a. The owner invested $17,200 cash in the company in exchange for its common stock.
b. The company purchased supplies for $1,050 cash.
c. The owner invested $11,100 of equipment in the company in exchange for more common stock.
d. The company purchased $310 of additional supplies on credit.
e. The company purchased land for $10,100 cash.
Required:
Write the impact of each transaction on individual items of the accounting equation.
Answer:
Account Equation Impact:
Assets = Liabilities + Equity
a. Cash $17,200 Common stock $17,200
b. Supplies $1,050 Cash ($1,050)
c. Equipment $11,100 Common stock $11,100
d. Supplies $310 Accounts Payable $310
e. Land $10,100 Cash ($10,100)
Total assets $48,610 = $310 + $28,300
Explanation:
a) Data and Analysis According to Accounting Equation Impact:
a. Cash $17,200 Common stock $17,200
b. Supplies $1,050 Cash ($1,050)
c. Equipment $11,100 Common stock $11,100
d. Supplies $310 Accounts Payable $310
e. Land $10,100 Cash ($10,100)
Assume you are completing a swot analysis for CVS. Amazon's entrance into the healthcare business would fall under which part of the analysis?
Multiple choice
threats
accelerants
weakness
opportunities
strengths
SWOT is a technique for assessing an organization Strengths, Weaknesses, Opportunities, and Threat in market while competing with other organization.
CVS is an American retail corporation who specializes in sales of prescribed drugs, beauty products, cosmetic and so on.Amazon is an online retail store as well but with little affiliation with sales of drugs and other healthcare service.Now, if Amazon's enters into the healthcare business, this will definitely be a threat for CVS pharmacy as if will affect their sales because Amazon have a wide market.In conclusion, the part of the SWOT Analysis that must be performed by CVS because of entry of Amazon into the healthcare market is the Threat Analysis. The threat analysis helps an organisation to access threat which the competitors poses to its existence.
Learn more about SWOT Analysis here
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