To cover the necessary production costs, they had to sell P(n) = 66n1200 tickets.
Let x be the revenue collected from selling each ticket.
We have been given that a charity organisation had to sell a few tickets just to cover necessary production costs of $1200. On selling 200 tickets, they had a net profit of $12,000.
Net profit = Total revenue- Cost
12000 = 200x - 1200
12000 + 1200 = 200x
13200 = 200x
x = 13200/200
x = 66
The revenue collected from selling each ticket is $66.
The profit from selling n tickets will be 66n.
Production costs = 1200
P(n) = 66n - 120C
our desired function will be: P(n) = 66n - 1200
Sales is cash delivered into a organization by using its business sports. There are specific ways to calculate sales, relying on the accounting technique employed. Accrual accounting will consist of income made on credit as revenue for items or services added to the patron. under positive guidelines, sales is diagnosed even if price has now not yet been received.
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which of the following would not be a side effect of unclear roles and responsibilities? jenna avoids performing an analysis of the data as she prepares the pivot table, since she knows that enrique will be performing a thorough analysis of the data when he receives it. nina and leticia prepare for a presentation and realize that neither of them brought the materials for the demo, since they both thought the other person would do so. dwayne completes a lengthy report for a potential client, and clint stayed up all night creating a nearly identical report for the same client. tom explains to his manager that irene has been starting to take on aspects of tom's role in meetings, leading the discussion on topics that tom feels are his responsibility.
Option That would not be the side effect of unclear roles and responsibilities is tom explains to his manager that irene has been starting to take on aspects of tom's role in meetings, leading the discussion on topics that tom feels are his responsibility. Last option.
What is meant by unclear roles and responsibilities?Roles that are unclear or conflicting at work can cause stress for employees. Lack of clarity in a worker's goals, major tasks, what their coworkers expect of them, and the entire range of their job's duties all contribute to poor role definition.
Perhaps they are completing tasks that others have already listed on their lists. Or maybe they aren't doing the crucial work that they ought to be! Team members lack the ability to evaluate their performance. Uncertainty regarding roles and tasks makes it difficult to know where to concentrate your efforts.
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generally, online travel agencies large physical retail spaces, where customers can go and buy a hospitality product in person.
The statement that online travel agencies will generally have a large physical retail spaces, where customers can go and buy a hospitality product in person, is False.
What do online travel agencies do ?Online travel agencies allow people to be able to book hospitality packages, travel around the world, rent things like hotels, flights, cars, and other things, all from the comfort of their home by doing it online.
As a result, such companies will not have a need to rent a large physical retail space for customers to come and buy packagaes, as the entire packaga catalogue offered by the company will be online.
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Options for this question are :
True FalseWhich of the following best illustrates a favorable response message?
a. as you requested in your July 1 message, following is a summary of our experience with Safeco
b. we have received your July 1 message
c. this is in reply to your July 1 message
d. we received your July 1 message today
e. your July 1 message has been received
The statement "As you requested in your July 1 message, following is a summary of our experience with Safeco." best illustrates a favourable response message.
What is a message ?A message is a concise piece of communication that the source intends for a specific recipient or set of recipients to read. There are several ways to send a message, such as courier, telegraphy, carrier pigeon, and electronic bus. A broadcast's content could be a message. A conversation is an interactive flow of messages. A press release, which can range from a brief report or statement made by a governmental agency to commercial publicity material, is one type of message.
Messages sent between persons might be verbal or nonverbal:
A verbal message is a communication that takes place verbally. Face-to face communication is an example.
Instead of using words, nonverbal communication uses actions or behaviors, such as conscious or unconscious body language.
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in the above figure, if the natural monopoly is regulated using a marginal cost pricing rule, then the firm will group of answer choices produce 8 million units and make an economic profit of $24 million. produce 16 million units and make zero economic profit. produce 16 million units and incur an economic loss of $64 million. produce 12 million units and make zero economic profit.
With a natural monopoly, common complete expenses (ATC) maintain falling because of non-stop economies of scale. In this case, marginal value (MC) is continually beneath common whole cost (ATC) over the whole vary of viable output.
Is a herbal monopoly regulated with the aid of a marginal price pricing rule environment friendly does it make an economic profit?A herbal monopoly will maximize income with the aid of producing at the volume where marginal income (MR) equals marginal prices (MC) and with the aid of then looking to the market demand curve to see what fee to cost for this quantity. This monopoly will produce at factor A, with a quantity of four and a rate of 9.3.
For a monopoly like HealthPill, marginal revenue decreases as it sells extra devices of output. The marginal fee curve is upward-sloping. The profit-maximizing desire for the monopoly will be to produce at the volume the place marginal revenue is equal to marginal cost: that is, MR = MC.
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https://brainly.com/question/1657394#SPJ4what type of proposal is written to obtain funding from agencies that support worthwhile causes?
a. Grant Proposal
b. Informal Proposal
The purpose of a grant proposal is to secure financing from organizations that champion deserving causes.
What characteristics distinguish a strong grant application?A good grant application should be persuasive, straightforward, and brief. Be sure to provide the donor enough information so that they can understand your proposal and see that you've given it some thought, but avoid being overly verbose. Additionally, the story you include in your grant application should help the sponsor understand your initiative.
What does a grant serve as?Your ideas and initiatives to offer public services and boost the economy can be funded by the government through grants. Grants fund numerous programs included in the Catalog for Federal Domestic Assistance, including innovative research projects, crucial recovery measures, and others (CFDA).
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Which user has access to the Voided/deleted transactions tool? Primary admin user Standard user Accountant user Company admin user
Answer:
Accountant User
Explanation:
Accountant User user has access to the Voided/deleted transactions tool. Thus option C is correct.
What is Voided/deleted transactions tool?Voiding retains a document of the transaction in your records while lowering the amount of the check to zero. On the other hand hand, deletion completely deletes the activity from QuickBooks. The prepaid bill(s) also revert to an overdue status as a result of this.
It won't have an impact on your checking accounts or reports when you nullify a transaction in Bookkeeping, but you will still have a copy of the transaction. In QuickBooks, when you remove a transaction, it's fully gone from your records and won't show up in any reporting or categories.
Even if a multi-user net can be set up, each license only allows three individuals to view the industry's files. Therefore, option C is the correct option.
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f. how much can irina save in finance charges if she makes the down payment on the last day, as compared to making it on the first day?
To sum up, the finance charge formula is the following: Finance charge = Carried unpaid balance × Annual Percentage Rate (APR) / 365 × Number of Days in Billing Cycle.
Finance is the study and discipline of money, currency and capital belongings. it's miles associated with, however not synonymous with economics, the observe of production, distribution, and intake of money, belongings, items and services (the field of monetary economics bridges the two). Finance activities take location in monetary structures at numerous scopes, therefore the field can be roughly divided into non-public, corporate, and public finance. In a economic gadget, property are sold, bought, or traded as monetary contraptions, which includes currencies, loans, bonds, stocks, stocks, alternatives, futures, and so forth. assets can also be banked, invested, and insured to maximize fee and reduce loss. In practice, risks are usually present in any financial motion and entities.
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c. 2. The basic goal of economics is to control the effects of government action. determine how to distribute all that is produced in an economy. address the scarcity problem created because the population's desire for goods exceeds the ability to produce them. match limited resources to people's limited wants and needs. control tastes and wishes so that there will be enough resources to produce all the goods and services that people want. 5. Kelly is an architect, and she is trying to decide whether to hire Lawrence, a draftsman, to assist with her work. Kelly could hire Lawrence at $20 per hour, but it would take him three times as long to complete a task as it takes Kelly, Kelly is able to earn S90 per hour and has more architectural jobs than she is able to handle. Which of the following is true? Kelly should not hire Lawrence because it would be faster for her to do the work herself. b. Kelly should do the drafting work herself because she has the lower opportunity cost. c. Lawrence should be hired at the $20 per hour wage rate. Lawrence should be hired, but only if he is paid more than $30 per hour. Kelly should hire someone who earns minimum wage instead of Lawrence. 6. Why would economists find it surprising if the CEO of a large company does his or her own housework? The opportunity cost of a CEO's time is quite high because they have an abundance of time to spend on housework. The opportunity cost of a CEO's time is quite low because they have a scarcity of time to spend on housework The opportunity cost of a CEO's time is quite low because they have an abundance of time to spend on housework. The opportunity cost of a CEO's time is quite high because they have a scarcity of time to spend on housework. The opportunity cost of a CEO's time is equal to that of everyone else that works at the same company. Refer to these figure to answer the questions 12 and 13.. Apple Pies 16 14+- 12-+-- PPF N 18 Blueberry Pies 11 15 pies. 14. The opportunity cost of increasing production of apple pies from 14 to 16 pies is a. 2 blueberry 14 apple 7 blueberry 4 blueberry 16 blueberry a. 15. As we move from points N to M to L, the opportunity cost of additional apple pie decreases due to the law of increasing relative cost. increases due to the law of increasing relative cost. decreases due to the law of normative economics. increases due to the law of marginal analysis. decreases due to enhancements in technology. 23. In a typical demand curve, the price elastie portion of demand is found in the _region and the price inelastie portion of demand is found in the region of the graph. middle; lower lower; upper c. upper; lower middle; middle None of these choices are correct. 24. When the price of softballs is high, a in price will raise total revenue. When the price is low, the seller should the price to increase total revenue. decrease; raise b. rise; raise c. decrease; decrease rise; decrease decrease; not change d.. 25. When her income falls from $50,000 to $20,000, Arianna increases her monthly purchase of hamburger from 20 pounds to 35 pounds. From the midpoint method, Arianna's income elasticity of demand for hamburgers is -1.57 - 0.63 0.54. -0.85. 1.57
The basic goal of economics is option C: address the scarcity problem created because the population's desire for goods exceeds the ability to produce them.
The option that is true regarding Kelly is option c. Lawrence should be hired at the $20 per hour wage rate.
What is the economy about?Price stability, economic growth that outpaces population growth, low resource unemployment, and equitable wealth and income distribution are the four basic economic objectives. Each country will make an effort to use its government to achieve this economic objective.
Maximizing the standard of living and achieving steady economic growth are the overarching objectives of macroeconomics. The goals are backed up by other objectives including reducing unemployment, boosting productivity, and reducing inflation, among others.
Therefore, Economic development aims to raise the absolute level of per capita incomes in order to raise the material standards of living. The governments of all emerging nations have indicated that one of their goals for policy is to increase per capita incomes.
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consider the following cost information for a pizzeria
The essential rule that makers utilize to figure out what blend of work and capital conveys yield at the least expense is cost minimization. Cost minimization is the primary guiding principle that producers use to determine which combination of labor and capital produces the most output at the lowest cost.
a) Because the total cost less the variable cost, the fixed cost is $300.
At a result of nothing, the main expenses are fixed expenses.
B) The change in total cost for each additional output unit is equal to marginal cost. Additionally, it is equivalent to the variation in variable cost for each additional output unit. As the quantity changes, the fixed cost does not change, so total cost equals the sum of variable cost and fixed cost. As a result, the increase in variable cost is proportional to the increase in total cost as quantity increases.
What is the formula for reducing costs?The marginal product of capital is equal to the marginal product of labor divided by the rental price of capital in the cost minimization formula.
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Which of the following is true of informal groups?
A. Informal groups can advance the plans of formal groups.
B. A temporary committee is an example of an informal group.
C. Members of an informal group are assigned to it by the skills they possess.
D. Informal groups have appointed leaders.
E. Informal groups are primarily created to solve an organization problem.
Informal groups can advance the plans of formal groups is true of informal groups. Thus, option (a) is correct.
What is groups?The term groups refer to the combination of the two or more people. The group is the included the different types of the people was the motive to the similar. The groups are the division of the different categories such as formal and informal. The formal group in the offices and the informal was family and friends group.
According to the informal groups, are to fulfill the particular task are the advance of the plans of formal group. There was the creating on the enjoyment, entertainment, and the other purposes to the basic are the all the included.
As a result, the informal groups can advance the plans of formal groups is true of informal groups. Therefore, option (a) is correct.
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Presented below is information related to Stellar Corporation for the current year. $ 609,300 1,499,300 Beginning inventory Purchases Total goods available for sale Sales revenue $2,108,600 2,415,000 Compute the ending inventory, assuming that (a) gross profit is 49% of sales, (b) gross profit is 60% of cost, (c) gross profit is 38% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to O decimal places, e.g. 28,987.) Ending Inventory (a) Gross profit is 49% of sales $ (b) Gross profit is 60% of cost $ (c) Gross profit is 38% of sales $ (d) Gross profit is 25% of cost $
a) Gross profit is 49% off Sales (2108600-2415000*51%) = 876950
b) Gross profit is 60% of Cost (2108600-1509375) = 599225
c) Gross profit is 38% off Sales (2108600-2415000*62%) = 611300
d) Gross profit is 25% of Cost (2108600-1932000) = 176600
Gross profit is the distinction between revenue and price of products sold (COGS), divided by sales. Gross margin is expressed as a percent. usually, it is calculated as the promoting charge of an object, much less the value of products offered (e. g. production or acquisition costs, no longer such as indirect fixed prices like office prices, hire, or administrative prices), then divided by the identical selling charge. "Gross margin" is regularly used interchangeably with "gross profit", but the phrases are specific: "gross profit" is technically an absolute monetary quantity, and "gross margin" is technically a percentage or ratio.
A gross margin is a form of profit margin, especially a form of profit divided by net revenue, e. g., gross (profit) margin, running (income) margin, net (profit) margin, and many others.
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Hamilton company uses a periodic inventory system. At the end of the annual accounting period, december 31 of the current year, the accounting records provided the following information for product 1:.
Finishing stock under FIFO=$6,000 and the cost of products sold under FIFO is $36,000
What is FIFO?
The expression "earliest in, earliest out" (FIFO) alludes to a way to deal with information structure control where the most seasoned passage, or "head" of the line, is taken care of first.
Unit cost Absolute expense
Starting Stock 2,000 $5 $10,000
Buy Walk 21 6,000 $4 $24,000
Buy August 1 4,000 $2 $8,000
Absolute 12,000 $42,000
Finishing Stock 3,000
Products sold during the year:
Opening stock + buys - shutting stock
2,000 + 6,000 + 4,000 - 3,000
12,000 - 3,000 = 9,000 units
Products sold during the year = 9,000 units
FIFO,
Here, the prior products are sold first. This implies the completion stock will be structured as the last buys which cost $2.
Finishing inventory= Stock, Dec 31× unit cost
=3000×$2
Along these lines, Finishing stock under FIFO=$6,000
Cost of goods sold: Under FIFP
=[2,000×5 + 6,000×$4 + 1,000×$5]
=[$10,000+ $24,000 + $2,000]
=$36,000
Thus, the cost of products sold under FIFO is $36,000
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This question is not complete , here I am attaching the complete question:
Hamilton company uses a periodic inventory system. at the end of the annual accounting period, december 31 of the current year, the accounting records provided the following information for product 1: units unit cost inventory, december 31, prior year 2,000 $ 5 for the current year: purchase, march 21 6,000 4 purchase, august 1 4,000 2 inventory, december 31, current year 3,000 required: compute ending inventory and cost of goods sold under fifo, lifo, and average cost inventory costing methods.
Gross profit will always be _____ net income. A. Equal to b. Less than c. Greater than d. Unrelated to please select the best answer from the choices provided a b c d.
The following assertion there will always be a net profit superior than income.
What is income and example?Income is the cash that a person or organization receives in return for working, providing a good or service, or using capital. People normally make money through wages or salaries, whereas corporations make money by selling products or services for more than it costs to produce them.
What are income types?These three basic kinds of income are earned, passive, and portfolio. Salary, tips, commissions, or earnings are all examples of earned money. Potential inactive and earned sources of income include limited partnerships, rental properties, and royalties. Capital gains on securities, dividends, and income are all examples for portfolio or capital gain.
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Answer:
C. Greater than
the equation of exchange part 2 a. is an accounting identity and is always correct. b. states that expenditures by some people equal income received by others. c. states that the money supply times velocity equals nominal national income. d. all of the above.
The equation of exchange provides the followings:
it is an accounting identity and is always correctits states that expenditures by some people equal income received by othersits states that the money supply times velocity equals nominal national income.Therefore, the Option D is correct.
What is an equation of exchange?In economics, an equation of exchange refers to an identity that shows the relationship between money supply, the velocity of money, the price level and an index of expenditures.
Stuart Mill derived "equation of exchange" based on earlier ideas of David Hume and says that the total amount of money that changes hands in the economy will always equal the total money value of the goods and services that change hands in the economy.
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Marketing channels perform many key functions. Which of the following is NOT one of those key functions?
A. Fulfilling completed transactions
B. Manufacturing
C. Helping to complete transactions
D. Contact work
E. Assuming risks of carrying out channel work UC
A function that is not performed as a key function of marketing channels is B . Manufacturing .
What are marketing channels for?Marketing channels are used by a company in several ways such as helping to complete transactions between the company and its customers or suppliers . These channels also help with contact work to reach out to stakeholders .
Marketing channels also have the key function of helping to fulfill completed transactions . Manufacturing falls under another part of the company so is not a key function of marketing channels .
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What is a reason one discounts future cash flows as part of the absolute valuation process.
The reason one discounts future cash flows as part of the absolute valuation process is Future profits are uncertain.
Realizes absolute value by discounting a company's projected cash flows to their present value. A company's absolute value helps investors determine whether the company's stock price is undervalued or overvalued. Estimating long-term future cash flows is the most difficult step in the absolute valuation process.
In doing so assumptions are made to predict the future performance of the stock. It is used to reflect the time value of money because the money received in the future is less valuable than money received today. Discount rates are also used to calculate the present value of a project or investment. It is the total present value of cash flows from a project or investment.
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which of the following is the best example of a homogeneous good? group of answer choices new cars ice cream soft drinks wheat
At least two vaporous, fluid, or strong parts should be blended consistently across a homogenous combination.
What is a Homogenous combination?
A homogenous blend is one whose parts are equitably circulated all through the whole arrangement, whose creation is consistent, and which gives off an impression of being a solitary substance.
Models: A uniform mix of gases makes up air. A homogenous combination of table salt and water is known as a salt arrangement.
The flavorings, water, and sugar might meet up synthetically to create an answer, however, the carbon dioxide bubbles are not scattered similarly all through the fluid.
Hence, the Homogenous combination best depicts a Cold drink.
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florian, a customer relations specialist at a clothing company, is writing a letter refusing a customer request to replace, free of charge, a box of shirts that the customer spilled ink on. considering this, florian should begin his letter
florian, a customer relations specialist at a clothing company, is writing a letter refusing a customer request to replace, free of charge, a box of shirts that the customer spilled ink on. considering this, florian should begin his letter negotiation.
Negotiation is a talk among two or extra humans or events to attain the preferred final results concerning one or greater troubles of warfare. it's miles an interaction between entities who aspire to agree on topics of mutual hobby.[1] The settlement may be useful for all or a number of the parties worried. The negotiators ought to establish their own want and desires even as additionally searching for to recognize the wants and needs of others involved to boom their chances of closing deals, keeping off conflicts, forming relationships with other events, or maximizing mutual gains.
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GDP and GNP are identical when a exports and imports exactly balance. b. all domestic production is by domestically owned producers and no foreign production is carried out by domestic producers. c. production by domestic producers in other countries is greater than production by foreign producers domestically. d. there are no taxes.
GDP and GNP are identical when all domestic production is by domestically owned producers and no foreign production is carried out by domestic producers. (Option B)
What is GDP and GNP?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
The expenditure method can be used to calculate gross domestic product: Consumption spending + Investment spending + Government spending + Net export
Gross national product (GNP) is the gross domestic product less income of foreigners in a country plus income from nationals.
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the advantages of using the allowance method to account for bad debts include which of the following
The allowance technique of bad debt accounting offers the following benefits over the direct write-off method, among others: Estimated bad debt expense is recognized at the same time as the relevant sales.
What benefits does the allowance approach offer?The allowance approach has the following benefits over other methods for valuing accounts receivable: When the associated sales are recognized, the bad debt charge is recorded. As a result, it balances the revenue and the expense. Additionally, it includes a projected amount of cash to be collected as well as the accounts receivables on the balance sheet.
Why is using the allowance technique for bad debts preferred?The income statement will show the bad debt charge closer to the time of the transaction if you employ the allowance approach as opposed to the direct write-off option.
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Observing "with binoculars" involves
Multiple Choice
-overcoming bias by looking at alternate perspectives.
-looking at a situation in an unrealistically favorable light.
-being mindful when observing.
-stepping back from a situation.
Observing "with binoculars" involves being mindful when observing.
What is the purpose of binoculars?The upright, appropriately left-to-right image provided by binoculars is their intended use. They are more comfortable than single telescopes because they permit natural eye movement, give the human visual system two sets of data to evaluate and synthesize and provide depth awareness. In addition to a magnified view of the item, binoculars also provide a brighter, more detailed image.
Large objective lenses are more effective at gathering light than the human eye, allowing you to see more stars and nebulae in the night sky as well as finer details in wild birds and flowers. A reduced field of view is a drawback of this vision, but a far stronger sense of depth is a plus.
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________ are increasingly popular because they can be both informative and entertaining, and often the cost of airing of a 30-minute block of television time is reasonable.
Infomercials are more popular since they may be both useful and entertaining, and often the cost of broadcasting of a 30-minute block of television time is inexpensive.
What do you call the kind of media that grabs people's attention and advertises a company or thought product?In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often intended to promote a certain commodity or service, but there are wide range of purposes, the most popular being the commercial advertisement.
What do you mean by advertising ?Advertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform and persuade people who receive them, as defined by the Advertising Association of the UK.
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Other things the same, if the exchange rate changes from 41 Thai bhat per dollar to 35 Thai bhat per dollar, then the dollar has
a. appreciated and so buys more Thai goods.
b. appreciated and so buys fewer Thai goods.
c. depreciated and so buys more Thai goods.
d. depreciated and so buys fewer Thai goods.
Answer: depreciated and so buys fewer Thai goods.
Explanation:
If exchange rate changes from 41 Thai bhat per dollar -35 Thai bhat per dollar, then dollar has depreciated and buys fewer Thai goods. The appropriate response is option D.
What is exchange rate?The rate during which one currency can be exchanged for another is known as the exchange rate. Some exchange rates are linked or fixed to the value of a particular country's currency, however most exchange rates are floating and will increase or decrease depending on market supply and demand.
A currency's value declines when compared to other currencies, which is known as currency depreciation. Political unrest, interest rate differences, weak economic fundamentals, and investor risk aversion are a few examples of the causes of currency devaluation.
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If a company reports a net loss, it:
(a) will not be able to make capital expenditures
(b) will not be able to get a loan
(c) will not be able to pay cash dividends
(d) may still have a net increase in cash
If a company reports a net loss, it may still have a net increase in cash. The Option D is correct.
What is a net loss?In accounting, a net loss is derived when the total expenses (such as taxes, fees, interest, depreciation) exceeds the income or revenue produced for a given period of time. A net loss could be contrasted with a net profit also known as after-tax income or net income.
Most time, a net loss occurs when sum total of expenses exceeds the total income or revenue generated by a business, project, transaction or investment.
For a business, the net loss is sometimes referred to as a net operating loss. For tax purposes, a net losses may be carried forward into future tax years to offset the gains or profits in those years. A net loss can also appears on the company's bottom line or income statement. In conclusion, either of Net loss or net profit is calculated using the following formula: Net Loss (or Net Profit) = Revenues - Expenses.
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Roseland Design borrowed $700,000 on a 90-day note from CorpOne Funding Company. CorpOne discounts the note at 8%. (Assume a 360-day year is used for interest calculations.)Required:(a) Journalize Roseland’s entries to record:*a. The issuance of the note.b. The payment of the note at maturity.(b) Journalize CorpOne’s entries to record:*a. The receipt of the note.b. The receipt of the payment of the note at maturity.
(a) Roseland provides a note with terms of $700,000, 90 days, and 8% in exchange for a loan.
$700,000 × 8% x (90/360) Equals $14,000 in interest costs.
Roseland would note the following upon issuance:
Credit Notes Payable offsets Debit Cash by $70,000.
When Roseland repays the face value and interest at maturity: Credit Cash 714,000; debit Notes Payable 700,000; debit Interest Expense 14, 000.
(a) The entries refer to notes receivable and interest revenue in CorpOne's eyes. When the note is issued, CorpOne receives it and lends $700,000. This loan would be reported.
Debit 700,000 in Notes Due; Credit 700,000 in Cash
Following receipt of the payment at maturity, CorpOne will categorise the interest income it has raked in over the previous 90 days as follows:
Debit Cash 714 000, credit Notes Receivable 700 000, and credit Interest income 14,000
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everything else held constant, in the market for reserves, when the federal funds rate is 3%, lowering the discount rate from 5% to 4%
When the federal funds rate in the market for reserves is 3%, dropping the discount rate from 5% to 4% decreases the federal funds rate, everything else being equal.
What are federal fund rates?The Federal Open Market Committee's (FOMC) target interest rate is referred to as the federal funds rate (FOMC). The rate at which commercial banks overnight lend and borrow each other's surplus reserves is the aim.
The FOMC, the Federal Reserve System's decision-making body, convenes eight times a year to determine the target federal funds rate, a component of its monetary policy. This aids in fostering economic expansion.
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assignment 9 - u...> underwriting commercial general liability insurance
Underwriting is the process through which insurers evaluate the risks associated with insuring your small business. It comprises the insurance provider analyzing the risk that your business poses and, if so, setting an acceptable price for your coverage.
What kind of protection does a commercial general liability policy offer?A business is covered by a commercial general liability (CGL) insurance policy in the event of physical harm, personal injury, or property damage resulting from operations, products, or accidents that take place on the business's property.
How can I become a competent commercial underwriter?You need to have a working understanding of reinsurance and the ability to think analytically to succeed as a commercial underwriter. In the end, a top-notch commercial underwriter must possess exceptional investigative abilities and be a voracious researcher.
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emily purchased a building to store inventory for her business. the purchase price was $760,000. emily also paid legal fees of $300 to acquire the building. in march, emily incurred $2,000 to repair minor leaks in the roof (from storm damage earlier in the month) and $5,000 to make the interior suitable for her finished goods.
$572,045 cost basis,
computed as follows:
Purchase price $565,000
Improvements 6,300
Legal fees 745
The cost basis for the building is $572,045
improvement is the technique of aspect transferring from one country to a state considered to be higher, usually via a few motions supposed to bring about that higher kingdom. The concept of development is crucial to governments and corporations, as well as to people. The time period of "improvement" in a preferred manner is "sluggish, piecemeal, however cumulative betterment", which can discuss with both people and societies as an entire.
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Maxie's Game World sold games to a customer on credit for $4,400, terms 1/10, n/30 and the cost of the games was $3,500. When recording the sales transaction in its sales journal, Maxie’s would enter: What is the correct answer?
Multiple Choice
a) $3,500 in the Accounts Receivable Dr./Sales Cr. column and $4,400 in the Cost of Goods Sold Dr./Inventory Cr.column.
b) $4,400 in the Accounts Receivable Dr./Sales Cr. column and $3,500 in the Accounts Payable Dr./Purchases Cr. column.
c) $4,400 in the Accounts Receivable Dr./Sales Cr. column and $4,400 in the Cash Cr. column.
d) $4,400 in the Accounts Receivable Dr./Sales Cr. column and $3,500 in the Cost of Goods Sold Dr./Inventory Cr. column.
e) $3,500 in the Accounts Receivable Dr./Sales Cr. column and $4,400 in the Other Accounts Dr. column.
Maxie’s would enter $4,400 in the Accounts Receivable Dr/Sales Cr. column and $3,500 in the Cost of Goods Sold Dr/Inventory Cr. column.
Money owed to a business in the near future is represented by the asset account known as accounts receivable (AR) on the balance sheet.When a business permits a customer to pay on credit for its goods or services, accounts receivable are produced.Accounts payable are similar to accounts receivable, but they represent money that is owed as opposed to money that will be received.The accounts receivable turnover ratio or days sales outstanding can be used to determine the strength of a company's AR.It is possible to conduct a turnover ratio analysis to determine when the AR will actually be received.The term "accounts receivable" refers to any unpaid invoices or cash that a business is owed by customers.Learn more about Accounts receivable, here
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an FITB is calculated by subtracting the firm's costs from its total revenues, FITB .
A company's accounting profit is determined by deducting its costs from all of its revenues, opportunity cost excluded. As a result, choice (A) is a proper approach.
What is accounting profit?Accounting profit is the amount of money that is still available after all direct operating expenses have been paid. Explicit costs consist of labor, inventory needed for manufacturing, raw materials, production, sales, and marketing expenses.
Accounting profit is distinct from economic profit in that it solely accounts for the money that a company spends and the money that it brings in. The impact of nonrecurring items is also eliminated in underlying profit, which is distinct from accounting profit.
Hence, option (A) is accurate.
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Your question is incomplete, probably the complete question is-
An _________________ is calculated by subtracting the firm's costs from its total revenues, _______________________.
