The auditor is primarily gathering evidence related to the financial statement assertion of a) existence."
Confirmation of cash balances with a bank is a commonly used audit procedure to obtain audit evidence about the existence of cash balances as of the balance sheet date.
The auditor sends a request to the bank asking for confirmation of the client's cash balances, which is a direct communication with an external party. The confirmation provides evidence that the cash balances recorded in the client's books and records actually exist and are owned by the client.
Existence is one of the financial statement assertions that auditors evaluate during the audit. It relates to whether the assets and liabilities exist at a given date, and it is an essential assertion for financial reporting purposes.
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when the marlboro man was depicted in advertising as a rugged outdoor, tough cowboy type, this was done to establish what is called a
When the Marlboro Man was depicted in advertising as a rugged outdoor, tough cowboy type, this was done to establish what is called a "brand image."
What is brand image?A brand image refers to the general impression that a brand conveys to its audience. It is a set of beliefs that are often intangible and abstract, but that people associate with a brand, such as feelings, perceptions, and values.
A company's brand image is critical because it reflects the company's personality and distinguishes it from its competitors.
In marketing, creating a brand image necessitates communicating the brand's unique identity and personality to customers, who will subsequently develop an emotional connection with the brand.
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which of the following is a programmed decision? group of answer choices visiting an unfamiliar restaurant scheduling shifts for a group of workers purchasing a cell phone of a new brand buying a company
A programmed decision is scheduling shifts for a group of workers.
Programmed decisions are the decisions that are made on a routine basis and are repetitive in nature. These decisions have been already taken by the organization in the past, and the company has set some rules and regulations for these decisions that must be followed while making them.
For example, scheduling shifts for a group of workers is a programmed decision. Other examples of programmed decisions include reordering office supplies, approving vacation requests, and calculating payroll. These decisions are made based on a set of established rules and procedures that are already set up by the company.
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you have a portfolio that is 36 percent invested in stock r, 18 percent invested in stock s, with the remainder in stock t. the expected return on these stocks is 8.7 percent, 10.1 percent, and 12.4 percent, respectively. what is the expected return on the portfolio?
The expected return of the portfolio is 10.654%.
The given situation is to calculate the expected return of the portfolio. The portfolio consists of 36% investment in stock R, 18% investment in stock S, and the rest is invested in stock T. The expected return of these stocks is 8.7%, 10.1%, and 12.4%, respectively. To solve the expected return of the portfolio, we have to use the weighted average method.The formula for calculating the expected return of the portfolio is;
Expected return on portfolio = (Weight of stock R × expected return of stock R) + (Weight of stock S × expected return of stock S) + (Weight of stock T × expected return of stock T)Where the total weight of the portfolio is 100%.As we know that the portfolio is invested 36% in stock R, 18% in stock S, and the rest is invested in stock T, so the weight of stock R is 36%, the weight of stock S is 18%, and the weight of stock T will be (100% - (36% + 18%)) = 46%.
Now substitute the values in the formula;Expected return on portfolio = (0.36 × 8.7%) + (0.18 × 10.1%) + (0.46 × 12.4%) = 3.132% + 1.818% + 5.704% = 10.654%So the expected return of the portfolio is 10.654%.
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the local union is primarily responsible for . group of answer choices administering the collective bargaining agreement engaging in collective bargaining at the national level publishing the union newspaper actively lobbying at national and state levels
The local union is primarily responsible for administering the collective bargaining agreement engaging. The answer is OPTION A
A collective agreement is the result of the voluntary process of collective bargaining, which establishes the terms and conditions of employment and governs interactions between companies, employees, and their organizations.
An employer and the union that represents the workers enter into a written contract known as a collective bargaining agreement (CBA). The parties engaged in extensive negotiations regarding issues like wages, hours, and terms and conditions of work, which led to the creation of the CBA. Through collective bargaining, employees discuss contracts with their employers to establish their terms of employment, including pay, benefits, working conditions, hours, leave, workplace health and safety regulations, methods of juggling work and family obligations, and more.
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the local bodega wants to determine the number of newspapers to order for tomorrow. the bodega owner has to pay $1 per newspaper. she sell newspapers for $2.50. the daily demand for newspapers is 75 papers with a standard deviation of 8 papers. (you should assume that the newspaper is a daily paper and at day's end the newspaper has no value.) 1. how much does the bodega owner make in profit for each paper sold? $
The profit made by bodega owner by selling each newspaper when the cost price is $1 per newspaper is equals to $1.50.
Selling price per newspaper is equal to $2.50
Cost price per newspaper is equal to $1.
Selling price is greater than cost price of the newspaper.
Its profit.
The profit per newspaper, we need to subtract the cost per newspaper from the selling price per newspaper,
Profit per newspaper = Selling price per newspaper - Cost per newspaper
Substitute the value in the formula we have,
⇒ Profit per newspaper = $2.50 - $1
⇒ Profit per newspaper = $1.50
Therefore, the bodega owner makes a profit of $1.50 for each newspaper sold.
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jana has learned that her manager in the accounting department is retiring at the end of the month, but she has no desire to apply for the position because it would mean working much longer hours. jana has a(n) with respect to the position.
Jana has a disincentive with respect to the position. This is because disincentives refer to things that make a person less likely to pursue a particular course of action.
Disincentive refers to anything that discourages a person from taking a particular action. Disincentives may be financial, physical, emotional, or social. Disincentives may also be natural or man-made. They may be external or internal to an individual. Disincentives can be used as a way to influence behavior.
Thus, the correct word to put in the blank is disincentive.
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mr. jones borrows $4,500 for 90 days and pays $75 interest. what is his approximate effective rate of interest?
If Mr. Jones borrows amount of $4,500 for a time of 90 days and pays amount of $75 interest, then approximate effective rate-of-interest is 6.75%.
The effective "rate-of-interest" is defined as the actual annual interest rate that is being charged on a loan or investment after accounting for compounding over a specific period of time.
The formula to calculate rate-of-interest is written as :
⇒ Effective rate of interest = (Interest/Principle) × (365/Number of days),
In this case, Mr. Jones borrowed $4,500 for 90 days and paid $75 interest.
So, the principle is (P) = $4500,
the amount of interest is = $75,
the number of days for which amount is borrowed is = 90 days,
Substituting the values,
We get,
⇒ Effective rate of interest = (75/4500) × (365/90),
⇒ Effective rate of interest = 0.01667 × 4.056,
⇒ Effective rate of interest = 0.0675 ≈ 6.75%.
Therefore, Mr. Jones effective rate of interest is 6.75%.
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becky borrower buys a home and obtains a 30-year, fixed-rate, amortized mortgage on the property. she faithfully makes every payment on time. in year 28, what will her monthly payment consist of
The correct answer is option D) In year 28, Becky monthly payment consist of Mostly principal & a little interest.
A fixed rate mortgage is an amortised loan, which means that principal and interest are paid in equal installments.
As the interest on the loan falls over time, the amount of principal paid each month stays the same. The majority of the payment is made in interest at the beginning of the loan and in principal at the end.
By year 28, the majority of Becky Borrower's monthly payment would be made up of principal and a small amount of interest. This is due to the fact that by that time, the majority of the interest will have been paid off, leaving only the outstanding principal balance to be paid off.
Becky will be able to pay off her loan in full by the end of the of the 30 year term. If she makes her payments on time.
Complete Question:
Becky borrower buys a home and obtains a 30 year, fixed rate, amortized mortgage on the property. She faithfully makes every payment on time. In year 28, what will her monthly payment consist of?
A) Interest only
B) Principle only
C) Mostly interest & a little principle
D) Mostly principal & a little interest
D - Mostly principle & a little interest
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which of the following is not a step in the consumer decision process? purchase information search need recognition value perception 2. all consumer purchase decisions start with . evaluating alternatives recognizing a need searching for information comparing prices
The process by which consumers evaluate their purchasing decision is called Consumer decision-making.
The process by which consumers become aware of and identify their needs is called the consumer decision-making process. gather data on the most effective means of meeting those needs; evaluation of the choices that are available; pursue a buy choice; and give it a rating.
E-commerce businesses have a unique opportunity to streamline the consumer decision-making process, which is important for any business.
1) The perception of value is option C. In the consumer's decision-making process, it is not a step.
Seen esteem is the client's impression of the worth or craving for an item or administration, especially when contrasted with a contending item.
2) Choice B, need recognition The phenomenon known as needs identification occurs when a person becomes aware of the gap that exists between their actual situation and their conception of what is ideal or desirable.
Question:
1) Which of coming up next isn't a phase in the shopper dynamic cycle?
a) Find out how to buy;
b) You need to be recognized;
c) You think it's worth it;
2) All consumer purchasing decisions start with:
a) Consider other options;
b) Identify a need;
c) Request information;
d) Compare prices
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which factor explains the trend shown in the table? economic competition from europe after world war i demobilization of u.s. soldiers after world war i a spike in immigration to the united states after world war i a sudden dropoff in government spending after world war i
The demobilization of U.S. soldiers after World War I is the factor that best explains the trend shown in the table. This process led to significant changes in the labor market and the overall economy as servicemen returned home and transitioned back into civilian life.
The factor that explains the trend shown in the table is the demobilization of U.S. soldiers after World War I. This process led to a significant number of servicemen returning home, leading to changes in the labor market and the overall economy.
Step 1: Identify the trend in the table. (Assuming the trend is related to post-WW1 factors)
Step 2: Evaluate each factor in the context of the trend:
a) Economic competition from Europe after WW1: Although this factor may have impacted specific industries or sectors, it does not directly address the changes in the labor market or the broader economy.
b) Demobilization of U.S. soldiers after WW1: This factor directly affects the labor market, as many soldiers returned home and reintegrated into civilian life. This influx of workers could have led to changes in employment, wages, and overall economic conditions.
c) A spike in immigration to the United States after WW1: While immigration can impact the labor market and the economy, the focus here is on the demobilization of U.S. soldiers, which had a more direct and immediate effect on the country's post-war situation.
d) A sudden drop-off in government spending after WW1: Although this factor may have played a role in the overall economic situation, it does not specifically address the labor market changes resulting from the demobilization of U.S. soldiers.
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shale remodeling uses time and materials pricing. it is setting prices for next year using the following information: labor rate, including fringe benefits$75per hour annual labor hours 6,350hours annual materials purchases$1,206,250 materials purchasing, handling, and storage$241,250 overhead for depreciation, taxes, insurance, etc.$666,750 target profit margin for both labor and materials 25% what is the total price for a project requiring 160 direct labor hours and $150,000 of materials?
The total price for a project requiring 160 direct labor hours and $150,000 of materials is $1,104,750.
Labor cost = labor rate * direct labor hours
Labor cost = $12,000
Materials handling and storage cost = 0.20 * $150,000
Materials handling and storage cost = $30,000
Overhead cost = ($1,206,250 + $30,000) * 0.525
Overhead cost = $648,563
Total price = (labor cost + materials cost + materials handling and storage cost + overhead cost) / 1 - profit margin
Total price = $1,104,750
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the head of the marketing department has attended a seminar on the importance of diversity and as a result has decided that each type of ad should get at least 15% of the spending but no more than 45%. a minimum of 400 ads is required.if this is run naively, solver will find a solution that involves fractional amounts. that does not make sense because each item must be purchased in integral amounts. add a constraint to solver to require that the decision variables be integers.by how much does this increase the total cost? round your answer to the nearest dollar.
The addition of the integer constraint may significantly increase the total cost, but the exact increase cannot be determined without knowing the specific parameters.
Adding the imperative that the choice factors be numbers guarantees that the arrangement created by Solver will just incorporate entire numbers. The decision variables this limitation restricts the likely arrangements and may build the absolute expense contrasted with the fragmentary arrangement produced without the imperative.
The expansion in cost will rely upon the underlying partial arrangement found by Solver, the quantity of promotion types, and the base required spend on every advertisement type.
To add the number imperative in Solver, we really want to tap on the "Add" button under the "Whole number" heading and select the fitting choice factors. Solver will then track down the ideal number arrangement that meets every one of the imperatives.
Without knowing the underlying fragmentary arrangement or the particular boundaries of the issue, deciding the specific expansion in cost is beyond the realm of possibilities.
In any case, almost certainly, the expansion in cost will be critical, as the number imperative might restrict the adaptability of the arrangement and require really spending on specific promotion types to meet the base prerequisites.
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parker pharmaceuticals is a corporation that employs over 400 workers. as the firm continues to grow, the need for discipline among employees has become more critical. the hr department and top executives are planning to revamp the disciplinary action process that is currently in place at parker. which of the following questions is least relevant to selecting a new disciplinary action process for parker? group of answer choices does parker want to use punishment or encouragement to create discipline? does parker have similar discipline problems as other pharmaceutical firms? are managers able to apply discipline impersonally to all employees? are managers applying discipline consistently and fairly?
The least relevant to selecting a new disciplinary action process for parker is "are managers able to apply discipline impersonally to all employees?" (option c)
Out of the given options, the least relevant question in selecting a new disciplinary action process for Parker is, "Does Parker have similar discipline problems as other pharmaceutical firms?" While this information may provide some insight into industry-wide trends and best practices, it does not directly address the specific needs of Parker Pharmaceuticals. Therefore, it is of lesser importance than questions that address the company's unique disciplinary needs.
On the other hand, questions a and b are highly relevant as they focus on the consistency and impersonality of disciplinary action, which are crucial factors in creating a fair and just workplace. Question c is also relevant as it addresses the approach that Parker Pharmaceuticals wants to take in creating discipline, whether through punishment or encouragement.
In conclusion, creating a robust and effective disciplinary action process is crucial for any company to maintain a healthy and productive work environment.
Hence the correct option is (c).
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when it comes to seo (search engine optimization), why should technical considerations be addressed first?
When it comes to SEO (Search Engine Optimization), technical considerations should be addressed first for the following reasons:To begin with, technical SEO optimizes a website's framework and foundation.
Technical optimization ensures that search engine spiders can navigate and understand the website, which affects a website's overall visibility and ranking on search engines. Secondly, Technical SEO guarantees that search engines can crawl and understand the content and structure of the website, which helps in maximizing the website's ranking on search engines.
A website's ranking on search engines is essential because the majority of internet users never look beyond the first page of search engine results.In addition, Technical SEO helps in the indexing of the website. Indexing is the method by which search engines track and store data. A well-indexed website increases the chances of being found by potential users when they search for the information or services provided by the website.To conclude, technical optimization ensures that search engines can comprehend the website's structure and content, as well as crawl and index it. These elements are critical in improving a website's ranking on search engines, making it more discoverable to potential users.
Therefore, it is essential to address technical considerations first when it comes to SEO.
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the book value of assets: group of answer choices is determined under generally accepted accounting principles (gaap) and is based on the cost of those
The book value of assets is determined under Generally Accepted Accounting Principles (GAAP) and is based on the cost of those assets.
The book value of assets is determined under generally accepted accounting principles (GAAP) and is based on the cost of those assets.What is GAAP?GAAP is an acronym for "Generally Accepted Accounting Principles." GAAP is a set of accounting standards that provide guidance on how financial statements should be prepared and reported.
These criteria assist to ensure that financial statements are accurate, complete, and dependable, which is critical for investors, creditors, and other stakeholders in making informed judgments.GAAP sets standards for a company's accounting procedures, including how assets, liabilities, and equity should be recorded and reported on financial statements. The cost of an asset is used to determine its book value under GAAP. The book value of an asset is the original cost of the asset minus any accumulated depreciation or amortization.
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false value hardware began 2021 with a credit balance of $31,600 in the refund liability account. sales and cash collections from customers during the year were $680,000 and $640,000, respectively. false value estimates that 5% of all sales will be returned. during 2021, customers returned merchandise for credit of $22,000 to their accounts. what is the balance in the refund liability account at the end of 2021?
Answer: False Value Hardware has a refund liability balance of $43,600 at the end of 2021.
Explanation Below. . .
To solve the problem, we need to calculate the refund liability balance at the end of 2021. We can start by calculating the total amount of sales that are eligible for a refund:
Total sales = $680,000
Estimated refund amount = 5% of total sales = 0.05 x $680,000 = $34,000
Next, we can calculate the total amount of refunds that were issued during the year:
Refunds issued = $22,000
To find the balance in the refund liability account at the end of 2021, we need to subtract the refunds issued from the estimated refund amount and add the result to the beginning balance:
Beginning balance = $31,600
Estimated refund amount = $34,000
Refunds issued = $22,000
Refund liability balance at the end of 2021 = Beginning balance + Estimated refund amount - Refunds issued
Refund liability balance at the end of 2021 = $31,600 + $34,000 - $22,000
Refund liability balance at the end of 2021 = $43,600
Therefore, False Value Hardware has a refund liability balance of $43,600 at the end of 2021.
The balance in the refund liability account at the end of 2021 is $43,600.
During 2021, customers returned merchandise for credit of $22,000 to False Value Hardware's accounts. The balance in the refund liability account can be calculated as follows:
The amount of sales subject to a refund can be calculated by multiplying the total sales for the year by the percentage of sales returned as refunds, which is 5%.Sales subject to refund = 5% × $680,000 = $34,000.
The refund liability account is credited when sales are made and debited when refunds are issued. The credit balance at the beginning of the year is, therefore, added to the credit for sales subject to refunds to determine the total credits to the account for the year.
Credit balance at the beginning of the year = $31,600. Credit for sales subject to refunds = $34,000. Total credits to the refund liability account for the year = $31,600 + $34,000 = $65,600.
The total refunds issued during the year can be calculated by adding the amount of refunds issued during the year to the balance in the refund liability account at the beginning of the year. Refunds issued during the year = $22,000.
Balance in the refund liability account at the end of the year = Total credits - Total refunds issued. Balance in the refund liability account at the end of the year = $65,600 - $22,000 = $43,600. Therefore, the balance in the refund liability account at the end of 2021 is $43,600.
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a municipal bond has a coupon rate of 4.93 percent and a ytm of 5.29 percent. if an investor has a marginal tax rate of 28 percent, what is the equivalent pretax yield on a taxable bond?
To earn the same after-tax yield as the municipal bond's YTM of 5.29 percent, an investor in a taxable bond would need to earn an equivalent pretax yield of 7.35 percent.
To calculate the equivalent pretax yield on a taxable bond, we need to find the yield that a taxable bond would need to offer to match the after-tax yield of the municipal bond. To do this, we can use the formula:
Equivalent Pretax Yield on a Taxable Bond = Tax-Exempt Yield / (1 - Marginal Tax Rate)
In this case, the tax-exempt yield is the YTM of the municipal bond, which is 5.29 percent, and the marginal tax rate is 28 percent. Substituting these values in the formula, we get:
Equivalent Pretax Yield on a Taxable Bond = 5.29% / (1 - 0.28)
= 7.35%
This means that a taxable bond would need to offer a higher yield to compensate for the taxes the investor would have to pay on the interest income earned from the bond.
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all of the following are correct regarding private placements for raising funds except: a. bonds have been the most common privately placed issue. b. the downside to private placement is that it is expensive and time consuming. c. they are often referred to as an unregistered offering. d. the main attractions of a private placement is in the lack of registration requirements associated with an ipo.
Regarding private placements for raising funds, all of the following are correct except that they are expensive and time-consuming. This corresponds to option (b).
Private placements can be a very cost-effective method of raising capital compared to public offerings. The most significant advantage of private placements is that they have no SEC registration requirements. This can lead to cost savings by reducing the need for due diligence and legal review, and it also saves time.Therefore, option (b) is incorrect, as private placements are not considered to be expensive and time-consuming.
Option (a) is correct in that bonds have been the most commonly privately placed issue.
Option (c) is correct in that private placements are often referred to as an unregistered offering.
Finally, option (d) is correct in that one of the primary attractions of a private placement is that there is no requirement for registration, which is typically associated with an IPO.
Therefore, option B is correct.
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Assume that manufacturing overhead for glassman company consisted of the following activities and costs:setup (1,000 setup hours) $ 146,000production scheduling (400 batches) 60,000production engineering (60 change orders) 90,000supervision (2,000 direct labor hours) 56,000machine maintenance (12,000 machine hours) 96,000total activity costs $ 448,000the following additional data were provided for job 845:direct material costs $ 8,000direct labor cost (5 milling direct labor hours; 35 finishing direct labor hours) $ 1,000setup hours 5 hoursproduction scheduling 1 batchmachine hours used (25 milling machine hours;5 finishing machine hours) 30 hoursproduction engineering 3 change orders(a) calculate the cost of job 845 using abc to assign the overhead costs.(b) calculate the cost of job 845 using the plantwide overhead rate based on machine hours. (round your answer to the nearest dollar.)
A) The cost of Job 845 using ABC to assign the overhead costs is $9,547.
B) The cost of Job 845 using the plantwide overhead rate based on machine hours is $8,640.
A) The price of Job 845 is $9,547 when ABC is used to allocate the overhead expenses. This is determined by dividing the setup cost ($146,000/1,000 hours) by the setup hours (5 hours), yielding $730. The cost of production scheduling is then multiplied by one batch of batches to yield a result of $60,000. To reach $270, multiply the production engineering cost by the number of change orders (there were 3 change orders).
Finally, $2,887 is obtained by multiplying the machine maintenance cost by the number of hours the equipment was operated (30 hours).
The sum of these charges is $3,947, and when combined with the $8,000 and $1,000 direct labour and material costs, the total comes to $9,547.
B) Using the plantwide overhead rate based on machine hours, Work 845 will cost $8,640. This is computed as $2,400 by dividing the machine maintenance cost ($96,000/12,000 hours) by the number of hours the machine was utilised (30 hours). This brings the cost up to $8,640, which is then multiplied by the direct material and direct labour expenditures of $8,000 and $1,000, respectively.
Complete Question:
Assume that manufacturing overhead for Glassman Company consisted of the following activities and costs:
Setup (1,000 setup hours)-$ 146,000
Production scheduling (400 batches)-60,000
Production engineering (60 change orders)-90,000
Supervision (2,000 direct labour hours)-56,000
Machine maintenance (12,000 machine hours)-96,000
Total activity costs -$ 448,000
The following additional data were provided for - Job 845:
Direct material costs -$ 8,000
Direct labour cost (5 Milling direct labour hours; 35 Finishing direct labour hours) -$ 1,000
Setup hours -5 hours
Production scheduling - 1 batch
Machine hours used (25 Milling machine hours;5 Finishing machine hours) -30 hours
Production engineering -3 change orders
(A) Calculate the cost of Job 845 using ABC to assign the overhead costs.
(B) Calculate the cost of Job 845 using the plantwide overhead rate based on machine hours. (Round your answer to the nearest dollar.)
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the accounts payable account has a beginning balance of $10,300 and the company purchased $57,000 of supplies on account during the month. the ending balance was $18,400. how much did the company pay to creditors during the month? multiple choice $67,300 $75,400 $48,900 $57,000
The company paid $48,900 to creditors during the month, which corresponds to answer choice C) $48,900.
Identify the beginning balance of the accounts payable account. The student question states that the beginning balance is $10,300. Determine the amount of supplies purchased on account during the month. According to the student question, the company purchased $57,000 worth of supplies on account .Add the beginning balance and the purchases made on account to find the total accounts payable before payments. In this case, it would be $10,300 (beginning balance) + $57,000 (purchases) = $67,300.
Identify the ending balance of the accounts payable account. The student question states that the ending balance is $18,400.Subtract the ending balance from the total accounts payable before payments to find out how much the company paid to creditors during the month. In this case, it would be $67,300 (total accounts payable before payments) - $18,400 (ending balance) = $48,900.So, the company paid $48,900 to creditors during the month, which corresponds to answer choice C) $48,900.
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tucker electronic system's current balance sheet shows total common equity of $3,125,000. the company has 125,000 shares of stock outstanding, and they sell at a price of $52.50 per share. by how much do the firm's market and book values per share differ? a. $28.88 b. $27.50 c. $31.83 d. $33.43 e. $30.32
$27.50. was the firm's market and book values per share differ Correct option (b)
The market value per share is simply the current market price per share, which is $52.50.
To calculate the book value per share, we need to divide the total common equity by the number of shares outstanding:
Book value per share = Total common equity / Number of shares outstanding
Book value per share = $3,125,000 / 125,000
Book value per share = $25.00
The difference between the market value and book value per share is:
$52.50 - $25.00 = $27.50
Therefore, the answer is (b) $27.50.
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how has the sec exercised its power with regard to the continuing evolution of accounting principles? issuing financial reporting releases (frrs). requiring additional disclosures in notes to financial statements. declaring a moratorium on the use of specified accounting practices. overruling the fasb. group of answer choices 1, 3, and 4. 1, 2, and 4. 1, 2, 3, and 4. 1 and 3. 1 and 4.
The SEC has exercised its power with regard to the continuing evolution of accounting principles by (1) issuing financial reporting releases (FRRs), (2) requiring additional disclosures in notes to financial statements, (3) declaring a moratorium on the use of specified accounting practices, and (4) overruling the FASB, therefore, the correct option is (c) 1, 2, 3 and 4
The SEC has exercised its power with regard to the continuing evolution of accounting principles by issuing financial reporting releases (FRRs), requiring additional disclosures in notes to financial statements, declaring a moratorium on the use of specified accounting practices, and overruling the FASB. Therefore, the correct group of answer choices is 1, 2, 3, and 4.
The SEC has the authority to oversee the financial reporting of publicly traded companies in the United States. It has used this power to provide guidance on the application of accounting principles through FRRs, which interpret existing accounting standards or provide guidance on new accounting issues.
The SEC has also required additional disclosures in notes to financial statements to ensure that investors have the information they need to make informed investment decisions.
Therefore, the correct option is (c) 1, 2, 3 and 4
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a property will provide $9,610 at the end of each year forever. if its value is $124,000, what must be the discount rate? (enter your answer as a percent rounded to 2 decimal places.)
$9,610 will always be available at the end of each year thanks to a property. if the item is worth $124,000. Discount rate = FV / PV = $124,000 / $9,610 = $12,903.
For financial institutions, the discount rate is the rate of return they will enjoy when they repay the loans they have given to other institutions and how much that money must be worth in order for it to be equivalent to the amount of money's present value. The net present value of the funds that an institution plans to lend, invest, or spend is determined using the discount rate, and the institution uses that information to make the best option for their business. When determining the present value of a sum of money that will be received in the future, the phrase "discount rate" is employed. Discount implies "to deduct a sum" in English. A future value is subtracted from a discount rate.
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if you are conducting research on the ways in which executive directors manage their businesses, which data-collection method would be the most informative and in-depth? select one.
Based on the research topic of understanding how executive directors manage their businesses, the most informative and in-depth data collection method would likely be:
B) Interviews: Conducting face-to-face or virtual interviews with executive directors to gather qualitative data and in-depth insights on their management practices, decision-making strategies, and challenges they face in managing their businesses. Interviews allow for open-ended questions and probing, providing rich and nuanced data that can provide detailed understanding of the topic.
In-depth interviews with executive directors.
This method allows the researcher to gather detailed information about the subject's experiences, perspectives, and decision-making processes.
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complete question-
if you are conducting research on the ways in which executive directors manage their businesses, which data-collection method would be the most informative and in-depth? select one.
Surveys
Interviews
Statistical analysis
Focus groups
how do the conclusions of the offshoring model differ from the conclusions of the h-o model of trade?
The conclusions of the offshoring model differ from the conclusions of the Heckscher-Ohlin (H-O) model of trade in several ways.
The offshoring model focuses on the relocation of specific tasks or production stages of a firm to another country, often to take advantage of lower labor costs or other factors. This model typically results in cost savings and increased efficiency for the firm, and it highlights the importance of global supply chains and the disaggregation of production processes.
On the other hand, the H-O model of trade focuses on the differences in factor endowments (e.g., labor, capital) between countries as the primary determinant of comparative advantage and trade patterns. According to the H-O model, a country will export goods that use its abundant factors intensively and import goods that use its scarce factors intensively.
In summary, the offshoring model emphasizes the importance of global supply chains, disaggregation of production processes, and cost savings, while the H-O model highlights the role of differences in factor endowments in determining trade patterns.
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you loan your roommate $1000 to help her to start a taqueria. you charge her 6% apr andrequire her to make monthly interest payments. she is not required to repay the principaluntil 5 years from today. what is the total payment that she will be required to make in thelast month?
The final amount payable by the roommate is $1340.
When the loan period is for five years, the total interest paid and the principal will be due on the due date. As a result, the total amount will be compounded. The formula for compound interest is as follows: (1 + r/n)ntWhen the principal P is compounded at a rate of r for t years at n compounding periods per year, the formula above is used.
The interest rate is represented by r, while the number of compounding periods is represented by n. The principal is represented by P, while t represents the length of time.Using the information provided in the question, the principal is $1000, the interest rate is 6%, the number of periods is 12 (monthly), and the number of years is 5 years. As a result, the formula can be computed as follows: (1 + 0.06/12)(12 × 5)This results in a total of 1.34.
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Which best describes a way people can use personal loans?
• to buy a house
• to buy a car
• to pay for college
• to pay for groceries
the process of estimating the subject property's market value using the adjusted prices of comparables is known as:
The manner of estimating the challenge belongings’ marketplace price and the usage of the adjusted fees of similar is called reconciliation.
Reconciliation is the process of comparing two sets of records or accounts to ensure that they agree and accurately reflect the same information. It is commonly used in accounting and finance to verify the accuracy of financial transactions and records. The reconciliation process involves identifying and resolving any discrepancies or differences between the two sets of records. This can be done by reviewing and cross-checking individual transactions, identifying errors or omissions, and making necessary adjustments to bring the records into agreement.
Reconciliation is an important control mechanism that helps to identify and prevent errors, fraud, and other irregularities in financial records. It is also a key component of the financial reporting process, as accurate and reliable financial statements depend on the accuracy and completeness of underlying financial records.
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services: group of answer choices are intangible. often have to be produced in the presence of the customer. are not easy to store. all of these choices are correct
The answer E. All of these choices are correct. Intangibles are services. Perishables that frequently need to be manufactured in front of the client are difficult to store.
Services are intangible because they are frequently impossible to see, taste, feel, hear, or smell before buying them. A client of a lawyer cannot predict the conclusion of a case before the lawyer's work is presented in court, much as a person obtaining plastic surgery cannot see the outcomes prior to the purchase.
Travel, freight forwarding, insurance, repairs, consultancy, computer software, investment banking, brokerage, education, health care, and accounting are examples of intangible things that are rarely tested, examined, or tried out beforehand.
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Note that the correct question is:
Services
A. are intangible.
B. often have to be produced in the presence of the customer.
C. are not easy to store.
D. are perishable.
E. All of these choices are correct.
abc corporation common stock has a beta of 2. if the market risk premium is .06 and the riskless interest rate is .02, what would be the fair rate of return for an investor in this stock, according to capm? group of answer choices .16 .12 .18 .14
The the fair rate of return for an investor in this stock, according to CAPM(Capital Asset Pricing Model) is 0.18 option C.
The link between systemic risk, or the overall dangers of investing, and expected return for assets, particularly equities, is described by the Capital Asset Pricing Model (CAPM).
A linear link between the needed return on an investment and risk is established by this financial model. The link between an asset's beta, the risk-free rate (usually the interest rate on Treasury bills), and the equity risk premium, or the projected return on the market less the risk-free rate, serves as the foundation for the model.
In order to quantify this systemic risk, CAPM was developed. It is frequently used in the financial industry to value hazardous securities and calculate projected returns for assets given their risk and cost of capital.
ERi =Rf +βi (ER m −R f )
where:
ERi =expected return of investment
Rf = risk-free rate
βi =beta of the investment
(ERm −Rf ) = market risk premium
We have,
beta = 2
market risk premium = 0.06
risk-free rate = 0.02
ERi =Rf +βi (ER m −Rf )
= 0.02 + 2(0.06)
ERi = 0.18.
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