The marketing and product development teams at Kyle's company meet once each month to brainstorm ideas. This monthly meeting is an example of a(n) process used at Kyle's company.
A process or a business process is basically a collection of certain tasks which are linked to each other and that basically find their end in the delivery of a particular service or a product to the client. A business process can also be basically defined as a set of activities as well as the tasks which when they are completed will help achieve certain organizational goal.
The one a month meeting between product development as well as marketing teams at Kyle's company are an example of the process which are being used at the company.
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complete the mrp record. the lot size is a multiple of 60 with a holing cost of $300 per unit per period. what is the period with the largest holding cost for the both average and end item values? (average/end) a. period 4/period 2 b. period 1/period 2 c. period 2/period 2 d. period 4/period 7
When completing the MRP record, we need to calculate the holding cost for each period to determine the period with the largest holding cost. The correct option is b. Period 1/Period 2.
Step 1: Determine the average inventory level for each period. For a lot size of 60, the average inventory level will be half of the lot size or 30 units.
Step 2: Calculate the holding cost per unit per period. The holding cost is $300 per unit per period.
Step 3: Calculate the holding cost for each period. The holding cost for each period will be the average inventory level multiplied by the holding cost per unit per period. For example, in period 1, the holding cost will be 30 x $300 = $9,000.
Step 4: Identify the period with the largest holding cost for both the average and end item values.To complete the MRP record, we need to determine the holding cost for each period. For a lot size of 60 with a holding cost of $300 per unit per period, the period with the largest holding cost for both the average and end item values is Period 1/Period 2.
The correct option is b. Period 1/Period 2
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the following account balances come from the records of ourso company: beginning balance ending balance accounts receivable $ 2,800 $ 3,600 allowance for doubtful accounts 280 350 during the accounting period, ourso recorded $14,000 of sales revenue on account. the company also wrote off a $150 account receivable. required: determine the amount of cash collected from receivables. determine the amount of uncollectible accounts expense recognized during the period.
Ourso Company recognized $220 in uncollectible accounts expense during the accounting period.
To determine the amount of cash collected from receivables, we need to calculate the change in accounts receivable during the accounting period. We can do this by subtracting the beginning balance of accounts receivable from the ending balance of accounts receivable:
Change in accounts receivable = Ending balance of accounts receivable - Beginning balance of accounts receivable
Change in accounts receivable = $3,600 - $2,800
Change in accounts receivable = $800
This means that Ourso Company collected $800 in cash from receivables during the accounting period.
To calculate this expense, we need to use the allowance for doubtful accounts balance at the beginning and end of the period, as well as the amount of accounts receivable written off during the period:
Uncollectible accounts expense = Ending balance of allowance for doubtful accounts - Beginning balance of allowance for doubtful accounts + Accounts receivable written off during the period
Uncollectible accounts expense = $350 - $280 + $150
Uncollectible accounts expense = $220
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the budgeted income statement presented below is for burkett corporation for the coming fiscal year. if burkett corporation achieves the budgeted level of sales, what will be its margin of safety in dollars? (do not round intermediate calculations.): sales (57,000 units) $969,000 costs: direct materials$247,600 direct labor 240,000 fixed factory overhead 100,000 variable factory overhead 150,700 fixed marketing costs 110,700 variable marketing costs 40,000 889,000 pretax income $80,000 monthunits sold cost of salesjanuary460 $33,400february860 $40,000march1,900 $52,000april2,700 $64,000using the high-low method, the estimated variable cost of sales per unit sold is: monthunits sold cost of salesjanuary580 $27,800february720 $33,000march1,200 $45,000april2,580 $57,000using the high-low method, the estimated total fixed cost is:
If Burkett corporation achieves the budgeted level of sales, then its margin of safety is 23.1%.
In the budgeted income statement presented for Burkett Corporation, fixed costs are listed separately from variable costs. Fixed factory overhead and fixed marketing costs are $100,000 and $110,700, respectively.
To determine the estimated total fixed cost, we can use the high-low method. This method involves selecting the highest and lowest levels of activity and calculating the difference in cost between the two levels.
From the given data, the high and low levels of activity are April (2,700 units) and January (460 units), respectively. The difference in cost between these two months is $30,600 ($64,000 - $33,400).
To calculate the estimated total fixed cost, we need to subtract the variable cost component from the total cost at either the high or low level of activity.
This gives us a variable cost per unit sold of $23.33 (($33,000 - $27,800) / (720 - 580)). Multiplying this variable cost per unit sold by the low level of activity (460 units) gives us a total variable cost of $10,716.80 ($23.33 * 460).
Subtracting the total variable cost from the total cost at the low level of activity ($33,400 - $10,716.80) gives us an estimated total fixed cost of $22,683.20.
Using the data provided in the budgeted income statement, we can calculate the break-even point as follows:
Break-even point = (Fixed costs / Contribution margin ratio)
The contribution margin is the difference between sales and variable costs. The contribution margin ratio is the contribution margin as a percentage of sales.
From the given data, the total variable cost of sales is $745,300 ($247,600 + $240,000 + $150,700 + $40,000 + $67,000), and the contribution margin is $223,700 ($969,000 - $745,300).
Therefore, the contribution margin ratio is 23.1% ($223,700 / $969,000).
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steve is considering investing $3,600 a year for 40 years. how much will this investment be worth at the end of the 40 years if he earns an average annual rate of return of 11.6 percent? assume steve invests his first payment of the end of this year. multiple choice $1,887,411.26 $1,919,200.08 $2,103,018.90 $2,311,416.67 $2,471,685.70
Steve is considering investing $3,600 a year for 40 years. The investment will be worth $2,471,685.70 at the end of 40 years if he earns an average annual rate of return of 11.6 percent. The correct option is D $2,311,416.67.
The future value formula is used in this scenario. This formula is used to determine the future value of an investment given the present value of the investment, the interest rate, and the number of years it will be held. FV = PV × (1 + r)nFV = Future valuePV = Present value (in this case, it's the yearly deposit amount of $3,600)n = Number of yearsr = Annual interest rateLet's use the formula to determine the future value of Steve's investment:FV = $3,600 × ((1 + 0.116)^40 - 1) ÷ 0.116FV = $2,311,416.67Therefore, Steve's investment will be worth $2,311,416.67 at the end of 40 years if he earns an average annual rate of return of 11.6 percent.
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between 2000 and 2010, per capita generation of solid waste declined, but the total amount of msw remained relatively constant. what caused the difference in these two trends?
The difference in trends can be attributed to population growth.
About population growthWhile per capita generation of solid waste declined between 2000 and 2010, the overall population increased during this time period, which resulted in a relatively constant total amount of MSW.
As a result, even though each person was generating less waste, there were more people overall, which led to a consistent amount of MSW being produced.
Additionally, changes in consumption patterns and waste management practices may have also contributed to these trends.
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the modern consensus about macroeconomic policy is that: a both expansionary monetary and fiscal policies can reduce unemployment in the long run. b discretionary monetary and fiscal policies are effective in the short run and in the long run. c discretionary monetary and fiscal policies are effective in the long run, but not in the short run. d only monetary policy works against recessions but fiscal policy is effective only in the long run. e both expansionary monetary and fiscal policies are effective in the short run but not in the long run.
The modern consensus about macroeconomic policy is that B) discretionary monetary and fiscal policies are effective in the short run and in the long run.
This means that both expansionary monetary and fiscal policies can reduce unemployment in the long run, while also being effective in the short term. Discretionary monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an effort to stabilize the economy.
In the short run, expansionary monetary policy can increase aggregate demand, leading to a boost in economic activity and a reduction in unemployment. In the long run, monetary policy can also impact the rate of inflation, which is a crucial factor in determining the overall health of the economy.
Fiscal policy, on the other hand, refers to the actions taken by a government to influence the economy through spending and taxation policies. Expansionary fiscal policy can increase government spending, leading to an increase in aggregate demand and a reduction in unemployment in the short run. In the long run, fiscal policy can also have an impact on economic growth, productivity, and competitiveness.
While both monetary and fiscal policies are effective in the short and long term, they are not without limitations. In particular, the effectiveness of these policies may be constrained by factors such as the availability of resources, the level of debt, and the state of the global economy. Additionally, the effectiveness of these policies may vary depending on the specific circumstances of the economy in question.
Overall, the modern consensus about macroeconomic policy is that a combination of both discretionary monetary and fiscal policies can be effective in reducing unemployment in both the short and long term. However, the precise mix of policies that is appropriate will depend on a range of factors specific to each economy.
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historically, business's involvement in the political arena was primarily: a.passive, considering solutions to be out of their reach. b.reactive, dealing with issues only after they became threats. c.diverse, engaging in a wide range of lobbying and public spending. d.none of these
Historically, business involvement in the political arena was primarily reactive, dealing with issues only after they became threats. So the correct answer is B.
In the past, many businesses took a passive or reactive approach to political engagement, focusing on their core business activities and only getting involved in political issues when they directly affected their operations or bottom line.
This often meant that businesses would only engage with political issues after they had already become threats, rather than proactively working to shape the political environment in their favor.
Over time, however, many businesses have come to recognize the importance of being more proactive and engaged in the political arena. This has led to a more diverse range of political activities by businesses, including lobbying, campaign contributions, and other forms of public spending to influence policy and public opinion.
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[2] cynthia has had the following sec. 1231 gains and losses: year 1 $(24,000) year 2 0 year 3 20,000 year 4 (16,000) year 5 4,000 if cynthia has a net sec. 1231 gain of $30,000 in year 6, how should she report the gain? a. $16,000 ordinary income; $14,000 long-term capital gain. b. $14,000 ordinary income; $16,000 long-term capital gain. c. $30,000 ordinary income. d. $30,000 long-term capital gain.
If Cynthia has a net Sec. 1231 gain of $30,000 in Year 6, $16,000 ordinary income; $14,000 long-term capital gain she should report. The correct answer is option a.
Based on the provided information, Cynthia has had the following Sec. 1231 gains and losses:
Year 1: $(24,000)
Year 2: $0
Year 3: $20,000
Year 4: $(16,000)
Year 5: $4,000
To determine how Cynthia should report the $30,000 gain, we need to net the Sec. 1231 gains and losses.
The net Sec. 1231 gain for Cynthia would be calculated as follows:
($24,000) + $0 + $20,000 + ($16,000) + $4,000 + $30,000 = $14,000
Since the net gain is $14,000, Cynthia will report $16,000 as ordinary income and $14,000 as long-term capital gain. This is because Section 1231 gains are reported as long-term capital gains to the extent that they exceed Section 1231 losses.
If there are Section 1231 losses in excess of gains, they are treated as ordinary losses.
The correct answer is option a.
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discuss a time that you made a decision based on data. how did the data influence a good or bad decision making process? make sure to choose an example and to describe it in such a way that clearly illustrates your analytical and problem-solving abilities.
We deliver an reason for records-pushed preference-making, what you can use it for and the way it can definitely impact your business. Plus, we percentage a five step way that you could use to create smarter company selections. the world is being overrun with information.
Information is a concept that refers to the knowledge or data that is communicated or received through various mediums. It can be described as the meaningful and structured representation of facts, ideas, or concepts that can be used to support decision-making, problem-solving, or communication. Information can be transmitted through various forms, including spoken or written language, visual images, symbols, or signals.
The value of information lies in its ability to provide insights, facilitate understanding, and aid in decision-making. It can be used to solve problems, make predictions, identify patterns, and generate new ideas. In today's digital age, information is a valuable resource that is constantly being created, stored, and shared across various platforms and channels.
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selling brand name merchandise at lower than regular prices by buying excess inventory at prices below wholesale prices is known as
Selling brand name merchandise at lower than regular prices by buying excess inventory at prices below wholesale prices is commonly known as the grey market.
Grey market goods are products that are genuine, but are sold outside of the manufacturer's authorized distribution channels.
Grey market sellers typically buy excess inventory or overstocked goods from manufacturers or authorized dealers at discounted prices and then resell them to consumers at a lower price than what is typically charged in authorized retail channels.
The products sold through the grey market may have been intended for other markets or distribution channels, or may be overstocked items that the manufacturer wants to clear out of inventory.
While grey market goods can offer consumers access to genuine products at lower prices, they can also create some risks. Grey market goods may not come with the same level of customer support or warranty protection that authorized retailers provide, and there is always the risk that the product may be counterfeit or not genuine.
In conclusion, selling brand name merchandise at lower than regular prices by buying excess inventory at prices below wholesale prices is known as the grey market. Grey market goods can offer consumers access to genuine products at lower prices, but can also create risks due to lack of customer support and potential counterfeit products.
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mongelli family inn is a bed and breakfast establishment in a converted 100-year-old mansion. the inn's guests appreciate its gourmet breakfasts and individually decorated rooms. the inn's overhead budget for the most recent month appears below: activity level 90 guests variable overhead costs: supplies $ 234 laundry 315 fixed overhead costs: utilities 220 salaries and wages 4,290 depreciation 2,680 total overhead cost $7,739 the inn's variable overhead costs are driven by the number of guests. what would be the total budgeted overhead cost for a month if the activity level is 99 guests? multiple choice $7,793.90 $61,541.00 $8,512.90 $7,739.00
Total budgeted overhead cost = $7,623 + $7,505 = $15,128
To calculate the total budgeted overhead cost for a month if the activity level is 99 guests, we need to use the high-low method to separate the variable and fixed costs. Variable cost per guest = (Total cost at high activity level - Total cost at low activity level) / (High activity level - Low activity level). Variable cost per guest = (($7,739 - $6,969) / (90 - 80)) = $77
Using the variable cost per guest, we can calculate the variable overhead cost for 99 guests: Variable overhead cost = Variable cost per guest x Number of guests Variable overhead cost = $77 x 99 = $7,623 To calculate the total budgeted overhead cost, we add the variable overhead cost to the fixed overhead cost: Total budgeted overhead cost = Variable overhead cost + Fixed overhead cost. Total budgeted overhead cost = $7,623 + $7,505 = $15,128 Therefore, the correct answer is $15,128. Option C, $8,512.90, is not correct as it is only the variable overhead cost for 99 guests and does not include the fixed overhead cost. Option A, $7,793.90, and option D, $7,739.00, are also not correct as they only represent the total overhead cost at the given activity level of 90 guests.
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if you decide not to pay an effective interest rate on a credit card above 15%, what is the maximum apr that you will be ready to pay a card for which the interest is compounded daily? group of answer choices 13.98% 12.86% 14.25% 13.25%
The highest APR you'll be prepared to pay on a card with daily cumulative interest is 13.98 if you choose not to pay an effective interest rate on a credit card that is higher than 15%. Here option A is the correct answer.
The effective interest rate is the rate that takes into account the compounding of interest. The formula for converting an APR to an effective interest rate is Effective Interest Rate = (1 + (APR / n)) ^ n - 1, where n is the number of compounding periods per year.
Plugging in an APR of 13.98% into the formula, we get:
Effective Interest Rate = (1 + (0.1398 / 365)) ^ 365 - 1
Solving this equation gives us an effective interest rate of approximately 14.93%, which is just under 15%.
In this case, since the interest is compounded daily, n would be 365. Plugging in the given APRs into the formula, we find that an APR of 13.98% results in an effective interest rate of just under 15%.
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Complete question:
If you decide not to pay an effective interest rate on a credit card above 15%, what is the maximum apr that you will be ready to pay a card for which the interest is compounded daily? group of answer choices
A - 13.98%
B - 12.86%
C - 14.25%
D - 13.25%
a firm that manages to avoid competition entirely by offering a product or service that creates an uncontested market space is engaging in . multiple choice question.
A firm that manages to avoid competition entirely by offering a product or service that creates an uncontested market space is engaging in Value innovation. So, correct option is A.
Value innovation is a business strategy that focuses on creating a new market space rather than competing in existing ones. It involves developing innovative products or services that offer unique value to customers and create new demand in the marketplace.
By doing so, a firm can avoid direct competition with other players in the industry and instead create an uncontested market space where it can capture new customers and generate higher profits.
In contrast, cost leadership is a strategy that focuses on producing goods or services at a lower cost than competitors in order to achieve a competitive advantage.
A red ocean strategy refers to competing in existing markets where there is high competition, while economies of scale refer to the cost advantages that result from producing goods or services in large quantities.
Therefore, correct option is A.
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Complete question is:
A firm that manages to avoid competition entirely by offering a product or service that creates an uncontested market space is engaging in
a. Value innovation
b. Cost leadership
c. A red ocean strategy
d. Economies of scale
a vehicle manufacturer makes base models using a large-scale production process. it also partners with small companies that help customize its vehicles, thus offering a wide range of packages involving a variety of chassis colors, upholstery designs, music systems, gps devices, and passenger safety options. the company's approach to its service offering is an example of .
The company's approach to its service offering is an example of Mass Customization.
Mass customization is a business strategy that aims to offer customized goods and services to consumers by responding to their needs on a mass scale. It is a business strategy that seeks to satisfy clients by giving them what they want when they want it, all while maintaining the benefits of mass production.
A vehicle manufacturer is a company that produces or assembles automobiles, trucks, buses, motorcycles, or any other form of motorized transportation. In addition to building cars, a vehicle manufacturer may also be involved in the development and testing of new car models and technologies, as well as the marketing and distribution of their goods.
To sum up, the company's approach to its service offering is an example of Mass Customization.
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which of the following statements is false? group of answer choices if there is a fixed supply of a resource available, you should rank projects by the profitability index, selecting the project with the lowest profitability index first and working your way down the list until the resource is consumed. practitioners often use the profitability index to identify the optimal combination of projects when there is a fixed supply of resources. if there is a fixed supply of resources available, so that you cannot undertake all possible opportunities, then simply picking the highest npv opportunity might not lead to the best decision. the profitability index is calculated as the npv divided by the resources consumed by the project.
The false statement is " if there is a fixed supply of resources available, so that you cannot undertake all possible opportunities, then simply picking the highest npv opportunity might not lead to the best decision.".
In the field of finance, it is essential to make informed decisions about which projects to invest in, especially when there is a limited supply of resources available.
Resource constraints can occur due to financial limitations, limited availability of materials or labor, or other factors. Therefore, it is crucial to prioritize projects that are most likely to generate the most significant returns on investment.
The false statement among the options given is if there is a fixed supply of a resource available, you should rank projects by the profitability index, selecting the project with the lowest profitability index first and working your way down the list until the resource is consumed.
This statement is not correct because the correct approach is to prioritize projects based on their profitability index, selecting the project with the highest profitability index first and working down the list until the resource is consumed.
Hence the option (c) is the right choice.
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1. When Canada printed new dollar bills there was a problem, they melted in high heat due to
plastic contents! This means the Canadian dollars were not
a. Liquefiable
b. Transferable
c. Durable
d. A standard of value
He noted that the melting point of the polypropylene used to create Canadian banknotes ranges from 265 to 340 degrees Fahrenheit. That is a lot hotter than what one would typically experience on a regular basis.
How much does Canadian money melt?The likelihood of the notes melting was shared by a chemical engineering professor at USC. He noted that the melting point of the polypropylene used to create Canadian banknotes ranges from 265 to 340 degrees Fahrenheit.
What gives Canadian money its plastic texture?These notes combine transparency and holography, making them really distinctive currency. Polymer notes will have a lower environmental impact than cotton-paper notes since they last longer. They will also be recycled.
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inger is a franchisee of honey bear restaurants, llc their contract gives honey bear the right to control virtually all aspects of inger's operation, including the hiring of employees. one of the employees, joris commits a tort against kiley, one of inger's customers. kiley files a suit against honey bear. honey bear is most likely liable because honey bear exercises control over inger's operation. liable because kiley was honey bear's customer. not liable because inger is responsible for the employees. not liable because kiley was inger's customer.
Honey Bear is most likely liable because they exercise control over Inger's operation as per the contract agreement, and thus may be held responsible for the actions of Inger's employee who committed the tort against Kiley.
The scenario presented suggests that Honey Bear Restaurants, LLC has a significant level of control over Inger's business operations, including employee hiring. As such, it could be argued that Honey Bear also bears some level of responsibility for the actions of Inger's employees, including the tort committed by Joris against Kiley.
While Inger is also responsible for their employees, Honey Bear's contractual control over the business could potentially make them jointly liable for any harm caused.
However, the precise legal outcome of this scenario would depend on the specific terms of the contract between Honey Bear and Inger, as well as the relevant laws and regulations governing franchise agreements and liability.
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providing services to customers on account would affect the balances reported in which financial statement(s)? multiple choice income statement statement of stockholders' equity balance sheet all of the financial statements in the other answer choices would be affected.
Providing services to customers on account would affect the balances reported in the Income Statement and the Statement of Stockholders' Equity.
The correct option is A .
In general , Income Statement tells about company's revenues and expenses for a specific period, also the revenue generated in order to provide services will increase the total revenue reported on the statement.
So, The Statement of Stockholders Equity reports will make changes in the company's equity accounts, that are affected by the net income generated from the services provided on account.
The Balance Sheet would also be affected indirectly, as the net income generated from the services would increase the total earnings reported in the stockholders equity section of the Balance Sheet.
Hence, A is the correct option
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on january 1, 2024, rastall company signed a long-term finance lease for an office building. the terms of the lease required rastall to pay $30,000 annually, beginning december 31, 2024, and continuing each year for 30 years. on january 1, 2024, the present value of the lease payments is $337,734 discounted at the 8% interest rate implicit in the lease. what is the amount of the lease payable that would be reported in rastall's balance sheet on december 31, 2024?
The required amount of the lease payments representing the report in Rastall's balance sheet dated December 31, 2024, is given by $331,335.
Lease payments are $30,000 per year
Time duration = 30 years
Amount of the lease payable that would be reported in Rastall's balance sheet on December 31, 2024.
Calculate the present value of the lease payments as of that date.
The Lease payments are $30,000 per year for 30 years, beginning on December 31, 2024.
The present value of payments on January 1, 2024 is $337,734. Discounted interest rate = 8% .
Calculate the present value of the lease payments as of December 31, 2024.
Discount the $30,000 payment by the interest rate for one year.
Using the formula to calculate present value of an annuity,
PV = PMT x [(1 - (1 / (1 + r)n)) / r]
Where
PMT = Payment per period
r = Interest rate per period
n = Number of periods
Calculate the present value of the lease payments as of December 31, 2024, as follows,
PV = $30,000 x [(1 - (1 / (1 + 0.08)^26)) / 0.08]
⇒PV = $30,000 x [(1 - 0.2364) / 0.08]
⇒PV = $30,000 x 11.0445
⇒ PV = $331,335
Therefore, the amount of the lease payments that would be reported in Rastall's balance sheet on December 31, 2024, is $331,335.
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which of the following labels would only show up in the indirect method of the cash flow statement? group of answer choices ending balance of cash cash used by operations beginning balance of cash net income
In the cash flow statement, the indirect method begins with the net income figure from the income statement. So, correct option is D.
Adjustments are made to the net income figure to convert it from an accrual basis to a cash basis. Therefore, items that are directly related to the net income, such as depreciation and amortization, changes in current assets and liabilities, and non-cash expenses and revenues are shown in the indirect method.
Among the options provided, only "cash used by operations" and "net income" would appear in the indirect method of the cash flow statement. The ending balance and beginning balance of cash are shown in the reconciliation of the opening and closing cash balances in the statement of cash flows.
In summary, the indirect method shows the operating activities of a company and the adjustments made to convert net income from accrual to cash basis, while the direct method shows the actual inflows and outflows of cash during the period.
Therefore, correct option is D.
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what was the percentage increase in the median nominal price of a new house between 1980 and 2019? round your answer to the nearest percent.
The percentage increase in the median nominal price of a new house between 1980 and 2019 was approximately 293% which is the answer in nearest percent.
The median nominal price of a new house in the United States increased from $64,600 in 1980 to $220,300 in 2019.
To find the percentage increase, we can use the following formula:
Percentage increase = (final value - initial value) / initial value × 100
Using this formula, we can calculate the percentage increase in the median nominal price of a new house between 1980 and 2019 as follows:
Percentage increase = ($220,300 - $64,600) / $64,600 × 100
Percentage increase = $155,700 / $64,600 × 100
Percentage increase = 2.41079 × 100
Percentage increase ≈ 241%
Rounding this to the nearest percent gives us an answer of approximately 239%.
The percentage increase in the median nominal price of a new house between 1980 and 2019 was approximately 293%.
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suppose an economy has a money supply of $1,000 billion and a reserve requirement is 20%. what will be the amount of money supply in the economy if the central bank decides to buy $5 billion worth of government bonds in an open market operation, and banks hold no excess reserves? $1,025 billion $1,050 billion $1,100 billion $1,020 billion the money supply will remain unchanged.
The amount of money supply in the economy will be $1,025 billion if the central bank decides to buy $5 billion worth of government bonds in an open market operation, and banks hold no excess reserves.
Here's the step-by-step explanation:
1. The initial money supply is $1,000 billion, and the reserve requirement is 20%.
2. When the central bank buys $5 billion worth of government bonds, it injects $5 billion into the banking system. This increases the total reserves held by banks by $5 billion.
3. Since banks hold no excess reserves, they can use the entire $5 billion to create new loans. This process is called the money multiplier effect.
4. To calculate the money multiplier, use the formula: Money Multiplier = 1 / Reserve Requirement. In this case, the money multiplier is 1 / 0.20 = 5.
5. To find the total increase in the money supply, multiply the increase in reserves by the money multiplier. In this case, $5 billion * 5 = $25 billion.
6. To find the new money supply, add the initial money supply to the total increase in the money supply. In this case, $1,000 billion + $25 billion = $1,025 billion.So, the amount of money supply in the economy will be $1,025 billion after the central bank's open market operation.
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when a tax is imposed on a good, the resulting decrease in consumer surplus is always larger than the resulting decrease in producer surplus. group of answer choices true false
When a tax is imposed on a good, the resulting decrease in consumer surplus is always larger than the resulting decrease in producer surplus. This statement is False.
About consumer surplusA tax is an amount of money paid to the government for the things people buy or do. Consumer surplus is the difference between the total amount consumers are willing to pay for a good and the actual amount they pay.
Producer surplus is the difference between the actual amount producers receive for a good and the minimum amount they are willing to accept.
When a tax is imposed on a good, the resulting decrease in consumer surplus is not always larger than the resulting decrease in producer surplus. A tax can be placed in such a way that the decrease in consumer surplus is smaller than the decrease in producer surplus.
The difference between the decrease in consumer surplus and the decrease in producer surplus is the tax revenue for the government. Therefore, the statement is False.
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concord corporation, inc. can produce 100 units of a component part with the following costs: direct materials $16000 direct labor 6000 variable overhead 23000 fixed overhead 16000 if concord corporation, inc. can purchase the component part externally for $52000 and only $4000 of the fixed costs can be avoided, what is the correct make-or-buy decision? select answer from the options below buy and save $7000 make and save $3000 make and save $5000 buy and save $5000
Concord Corporation, Inc. should purchase the component part and save $5,000 because the pertinent cost of manufacturing the component part internally ($57,000) is higher than the cost of buying it externally ($52,000). Here option A is the correct answer.
To determine the correct make-or-buy decision for Concord Corporation, Inc., we need to compare the cost of making the component part in-house with the cost of purchasing it externally.
The cost of making the component part in-house is the sum of direct materials ($16,000), direct labor ($6,000), variable overhead ($23,000), and fixed overhead ($16,000) which is $61,000. However, since only $4,000 of the fixed costs can be avoided if the component part is purchased externally, the relevant cost of making the component part in-house is $61,000 - $4,000 = $57,000.
The cost of purchasing the component part externally is $52,000. Since the relevant cost of making the component part in-house ($57,000) is greater than the cost of purchasing it externally ($52,000), Concord Corporation, Inc. should buy the component part and save $5,000. So the correct answer is “buy and save $5000”.
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Complete question:
Concord Corporation, Inc. can produce 100 units of a component part with the following costs: Direct Materials $16000 Direct Labor 6000 Variable Overhead 23000 Fixed Overhead 16000 If Concord Corporation, Inc. can purchase the component part externally for $52000 and only $4000 of the fixed costs can be avoided, what is the correct make-or-buy decision?
A - Make and save $5000
B - Buy and save $5000
C - Buy and save $7000
D - Make and save $3000
involves planning, coordinating, and controlling the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are needed to
Supply chain management involves planning, coordinating, and controlling the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are needed to produce a finished product.
Supply chain management (SCM) is an approach used by businesses to improve their efficiency and effectiveness. SCM is used to better manage and control the flow of products, information, and funds, from the beginning of the production process to the delivery of the finished product to the end-user. SCM is a process that includes the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are required to produce a finished product.
The supply chain management process involves planning, coordinating, and controlling all activities that are necessary to manage the flow of products, information, and funds from the beginning of the production process to the delivery of the finished product to the end-user. SCM is critical to business success because it helps to improve efficiency and effectiveness, reduce costs, and increase customer satisfaction. SCM also helps businesses to respond quickly to changes in market conditions, and to take advantage of opportunities that arise.
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in the circular-flow diagram, the places where resources, especially capital and labor, are bought and sold are the:
The circular flow diagram, is a model in which the main exchanges are represented by the inflow of plutocrat, goods and services between profitable realities. These are factor markets.
In the circular flow diagram, places where coffers, particularly capital and labor, are bought and vended are factor requests.
The pie map is one of the abecedarian generalities of economics. This map explains the general inflow of plutocrat on a diurnal base through the connections that live between major profitable actors similar as pots, homes and the public sector.
Divides the frugality into two main players homes and businesses. It separates the requests in which these actors operate into requests for goods and services and requests for factors of product.
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a couple, both engineering alums from a reputable engineering school has decided to set up an endowment to help pay for 4 engineering scholarships at the rate of $x per year starting year 21 perpetually. if $200,000 is invested in the trust today and if it earns a very good rate of return of 12% per year, what will the amount of each scholarship starting year 21?
The amount of each engineering scholarship starting year 21 will be $521,608.81
To determine the amount of each scholarship starting year 21, we need to first calculate the total amount of money that will be available each year for the scholarships. Here we have to use compound interest concept
Since $200,000 is invested today and will earn a rate of return of 12% per year, the value of the investment after 20 years (at the start of year 21) will be
$200,000 × (1 + 0.12)^20 = $2,086,435.22
This means that there will be $2,086,435.22 available for the scholarships starting in year 21.
Since the endowment is meant to fund 4 engineering scholarships at the rate of $x per year, the amount of each scholarship can be calculated as follows
Amount of each scholarship = Total available funds / Number of scholarships
Amount of each scholarship = $2,086,435.22 / 4
Amount of each scholarship = $521,608.81
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which of the following would be counted in the current gdp? question 9 options: you pay $500 a month to rent an apartment you buy gm stock for $2,000 in the stock market a homemaker works hard caring for her spouse and 2 kids a family buy a home that was built 3 years ago
You add $500 a month that you spend on rent for the apartment to the existing GDP.
GDP calculates the monetary value of the final goods and services—those purchased by the consumer—produced in a nation over a specified time frame. It accounts for all the product produced within a nation's boundaries. The market value of all the final goods and services produced and sold in a given time frame by a country or countries is measured in dollars as the gross domestic product, typically "without double counting the intermediate goods and services used up to produce them."
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which of the following would be the least effective reference? a. your boss at your part-time job b. your grandfather who is a small business owner c. your neighbor for whom you do odd jobs d. your guidance counselor please select the best answer from the choices provided a b c d mark this and return
The least effective reference among the choices provided would be your grandfather who is a small business owner. The correct option is B.
When choosing a reference for a job application, it is important to consider the relevance and credibility of the reference. References from family members are generally considered less reliable and unbiased compared to other sources. An effective reference is someone who can attest to your skills, qualifications, and character in a professional setting.
The best references are those who know you well, have worked with you, and can provide specific examples of your work ethic, strengths, and achievements. Employers often prefer references from previous supervisors, colleagues, or clients who can give a firsthand account of your work performance and abilities.
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what happens when you get 60 credit hours and still want to continue taking classes at a community college
When you have earned 60 credit hours at a community college and still want to continue taking classes, you can do so. However, it's essential to check with your college's academic advising office to ensure you are taking the appropriate courses and staying on track for your academic goals.
Keep in mind that some financial aid programs may have limitations based on credit hours, so it's essential to verify your eligibility if you rely on financial aid.
When you have completed 60 credit hours at a community college and still want to continue taking classes, you can either earn an associate degree or pursue transfer credits to a four-year institution. What happens when you get 60 credit hours and still want to continue taking classes at a community college? When you have completed 60 credit hours at a community college, you can either graduate with an associate degree or continue taking classes to earn additional credits.
You can also pursue transfer credits to a four-year college or university if you wish to pursue a bachelor's degree or higher. If you plan to graduate with an associate degree, you will need to meet all of the requirements of the program. This typically includes completing all required courses, achieving a minimum GPA, and completing any other program-specific requirements. Once you have met all of the requirements, you will be awarded the degree.
However, if you plan to continue taking classes without earning an associate degree, you can simply register for additional courses and continue earning credit hours. You will need to meet the prerequisite requirements for any courses you wish to take, and you will be responsible for paying tuition and fees for each course. If you decide to pursue transfer credits to a four-year institution, you will need to work with the community college's transfer advisor to ensure that the credits you earn will transfer to your desired institution. You will also need to meet the admission requirements of the institution you plan to transfer.
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