Answer:
Jay Pembroke Company
Balance Sheet as of April 30
Assets:
Cash $12,950
Accounts Receivable 2,000
Office Supplies 4,600
Prepaid Insurance 1,200
Total assets $20,750
Liabilities:
Accounts Payable $300
Jay Pembroke, Capital 20,450
Total liabilities + equity $20,750
Explanation:
a) Data and Calculations:
Assets:
Cash $12,950
Accounts Receivable 2,000
Office Supplies 4,600
Prepaid Insurance 1,200
Liabilities:
Accounts Payable $300
Statement of Owner's Equity:
Jay Pembroke, Capital 18,000
Net income 2,550
Jay Pembroke, Drawing (100)
Ending Capital 20,450
Income Statement for the month ended April 30
Service Fees 3,300
Rent Expense 750
Net income 2,550
As we’re well aware, vending machines are used to sell snacks and beverages, whereas newspapers are sold out of a box that allows anyone to take more than one paper. How does the concept of diminishing marginal utility explain the different distribution techniques for newspapers vs. snacks and beverages? Identify two additional examples of an item whose diminishing marginal utility is high. Remember: Marginal utility is the change in total utility that results from a one-unit increase in the quantity of a good consumed; diminishing marginal utility is the general tendency for marginal utility to decrease as the quantity of a good consumed increases.
Answer:
Because people do not need a second newspaper, it will not bring any more information to their lives, rather than a second soda can or snack.
Explanation:
The law of diminishing marginal utility states that there are some products or services to which an increase in the consumption will not bring the same utility for the user as the right amount, for example, if you eat a slice of pizza, it will bring certain benefit, you'll be less hungry but if you eat 7 slices of pizza at some point you'll no longer be hungry and it will rather make you sick, in this case vending machines have a higher marginal utility, a person could drink 3 or 4 drinks or take 4 or 5 snacks before it makes them feel sick, whilst a person that buys a person buying a newspaper won't need a second one, even if it is for his/her family, a 5 people house has enough newspaper by taking 1 copy of it.
Other examples of this can be a vacuum cleaner, you don't need a second one if you already have one, or a house buying a second house ain't as necessary as the first one.
A small firm builds television antennas. The investment in plan and equipment is $200,000. The variable cost per television antenna is $500. The price of the television antenna is $1000. How many television antennas would be needed for the firm to break even
Answer:
Break-even quantity is 400 units.
Explanation:
Below is the calculation for the number of television antennas:
At break-even, the firm's total revenue is equal to the total cost.
Cost of investment (fixed cost) = $200000
Variable cost = $500
Pirce of television antenna = $1000
At break-even, TR = TC
(P x Q) = (TFC + TVC)
1000Q = 200000 + 500Q
10000Q-500Q = 200000
500Q = 200000
Q = 200000 / 500
Q = 400 units
Thus break-even quantity is 400 units.
Bono was kicked out of the band U2 for failing to attend rehearsals on time and constantly cutting the strings of Adam Clayton bass guitar. For the purposes of this question Bono was an employee of U2 which is an American company. Bono applies for unemployment insurance. Provided that he is actively attending auditions to display his willingness and ability to seek future employment he will receive state administered unemployment benefits.
A. True
B. False
Answer:
B
Explanation:
He was fired for constantly missing rehearsals which is a duty of his role as an employee of U2
He was fired for constantly missing rehearsals which is a duty of his role as an employee of U2. As the Bono is fired because of his continuous mistakes, and he is not liable to get the unemployment insurance.
What is unemployment insurance?Unemployment insurance benefits are offered by the U.S. Federal Government to enrollees who become jobless absolutely no fault of their own and fulfill some other rules.
Unemployment insurance is a state-federal program that pays financial compensation to workers who are unemployed.
Thus, option B is correct.
For more details about unemployment insurance, click here:
https://brainly.com/question/20397924
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Which of the following is the best definition of transferable skills?
Answer:
Skills that you may have learned in one context that you can take with you to many other contexts and industries.
Explanation:
Considering the available options, the best definition of transferable skills is "Skills that you may have learned in one context that you can take with you to many other contexts and industries."
This is based on the fact that transferable skills are skills and talents or proficiency that are considered suitable and valuable across different situational roles, including social context, and professional context. Good examples are creativity, leadership, and time management.
A high-tech computer company reported the following information in a recent annual report (all dollar amounts are expressed in millions): Net revenue $49,205 Cost of Goods Sold $40,190 Production materials on-hand $228 Work-in-process and finished goods on-hand $231 What is the current value of weeks of supply
Answer:
See below
Explanation:
With regards to the above information, current value of the week of supply is calculated as shown below;
The week of supply Informs the manager how long the current on hand varies
= $228 ÷ $231
= 0.99 weeks
Which statement is true of the relationship between risk and return?
O The grear the risk, the greater the potential return.
O The relationship between risk and return varies.
The greater the risk, the lower the potential return.
O The relationship depends on the individual investment.
Answer:
the relationship depends on the individual investment
Answer:
The relationship depends on the individual investment
Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year:
Jan. 1 Inventory 4,000 units at $40
Apr. 19 Sale 2,500 units
June 30 Purchase 4,500 units at $44
Sept. 2 Sale 5,000 units
Nov. 15 Purchase 2,000 units at $46
Required:
The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale.
Answer:
Cost of goods sold:
Apr. 19 = $100,000
Sept. 2 = $215,000
Inventory Balance on:
Apr. 19 = $60,000
Sept. 2 = $43,000
Explanation:
a) Data and Calculations:
Date Description Units Unit Price Inventory Cost of Sales
Jan. 1 Inventory 4,000 $40 $160,000
Apr. 19 Sale 2,500 $40 $60,000 $100,000
June 30 Purchase 4,500 $44 $258,000 ($44 * 4,500 + $60,000)
Sept. 2 Sale 5,000 $43 $43,000 $215,000
Nov. 15 Purchase 2,000 $46 $135,000 ($46 * 2,000 + $43,000)
Kleen Company acquired patent rights on January 10 of Year 1 for $400,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4, Kleen successfully defended the patent in a lawsuit at a cost of $20,000.
Required:
a. Determine the patent amortization expense for the Year 4 ended December 31.
b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization.
Answer:
a. Particulars Amount
Patent cost $400,000
Less: Amortization for 3 years $150,000 ($400,000*3/8)
Book value at the end of year 3 $250,000
Addition during Year 4 $20,000
Total book value $270,000
Patent amortization expense for the Year 4 = Total book value / Remaining life
Patent amortization expense for the Year 4 = $270,000 / 5
Patent amortization expense for the Year 4 = $54,000
b. Adjusting Entry
Date Account titles Debit Credit
Amortization expense $54,000
Patents $54,000
Explain (with theories support) the elements that can affect an individual behavior
Answer:
wow who has theory support THAT MENAS YOU HAVE wow but none of them has it
Explanation:
Social Cognitive Theory3,4
Bandura’s Social Cognitive Theory proposes that
people are driven not by inner forces, but by external factors. This model suggests that human functioning can be explained by a triadic interaction of
behavior, personal and environmental factors (see
figure 1). This is often known as reciprocal determinism. Environmental factors represent situational
influences and environment in which behavior is preformed while personal factors include instincts,
drives, traits, and other individual motivational forces. Several constructs underlie the process of human
learning and behavior change.3 These variables may also intervene in the process of behavior change4.
• Self-efficacy — A judgment of one’s ability to perform the behavior.
• Outcome Expectations — A judgment of the likely consequences a behavior will produce. The
importance of these expectations (i.e., expectancies) may also drive behavior.
• Self-Control — The ability of an individual to control their behaviors.
• Reinforcements — Something that increases or decreases the likelihood a behavior will continue
On January 1, a machine with a useful life of 5 years and a salvage value of $30000 was purchased for $170000. What is the depreciation expense for year 2 under straight-line depreciation
Answer:
Annual depreciation= $28,000
Explanation:
Giving the following information:
Purchase price= $170,000
Salvage value= $30,000
Useful life= 5 years
To calculate the annual depreciation, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (170,000 - 30,000) / 5
Annual depreciation= $28,000
Under the straight-line method, the annual depreciation is constant.
Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $150,000. The annual cost savings if the new machine is acquired will be $40,000. The machine will have a 5-year life, at which time the terminal disposal value is expected to be $20,000. Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a cost of capital of 10%, which of the following is closest to the net present value of the project?
a. $1,632
b. $12,418
C. $14,060
d. $150,000
Answer:
c.$14,060
Explanation:
I hope my answer is correct
A short-term financial decision based on an MNC management's expectation that the local foreign currency will appreciate may be
Answer:
increasing local accounts receivable and decreasing local accounts payable
Explanation:
In simple words, accounts receivables refers to the amount that the company will receive from its debtors and accounts payable is the amount that the company will pay to its creditors. Thus, if the local currency appreciates , the company will receive a higher amount but will be obligated to pay a lower amount.
ways an entrepreneur can attain objectives of being self employed
Answer:
An entrepreneur can achieve his objectives of being self employed in the following ways.
1 Works Hard. ...
2 When he/she is Energetic. ...
3 Wants Financial Success. ...
4 Has Family Support:
5 Takes Risks: ...
6 Sacrifices Employment Benefits: ...
7 Has a Need to Achieve: ...
8 Has Business Experience:
Term Answer Description Discounting A. A series of equal (constant) cash flows (receipts or payments) that are expected to continue forever. Time value of money B. One of the four major time value of money terms; the amount to which an individual cash flow or series of cash payments or receipts will grow over a period of time when earning interest at a given rate of interest. Amortized loan C. A value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested ove
Answer:
1. Perpetuity.
2. Opportunity cost of funds.
3. Annual Percentage rate.
Explanation:
1. Perpetuity: a series of equal (constant) cash flows (receipts or payments) that are expected to continue forever. It's typically a cash flow stream generated through a share of preferred stock and is often expected to pay dividends to the holders every quarter for an indefinite period of time.
2. Opportunity cost of funds: one of the four major time value of money terms; the amount to which an individual cash flow or series of cash payments or receipts will grow over a period of time when earning interest at a given rate of interest. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
3. Annual Percentage rate: value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a 12-month period. An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed from an individual or a financial institution.
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,840 million on July 1, 2021, at a price of $1,810 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31.
Prepare the journal entry to record interest at the effective interest rate at December 31. What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2018, if it uses the direct method?
Answer:
Part 1
Journal entry to record interest at the effective interest rate at December 31.
Debit : Interest expense $181.45
Credit : Bond Payable $181.45
Part 2
the amount(s) related to the bonds that would be recorded in statement of cash flows
Cash flow from Operating Activities - Interest expense $181.45
Cash flow from Financing Activities - Repayment of Bond $18.55
Explanation:
The bond amortization table is the only tool that can supply us with further information about the Bond Interest, Bond Capital Repayment and Balance after Installment.
We can simply construct an amortization by entering the following data in the financial calculator,
FV = $1,840 million
PV = - $1,810 million
PMT = ($1,810 million x 9%) ÷ 2 = $81.45
I/YR = 10 %
P/YR = 2
N = 3.14
then, SHIFT Amort gives,
Bond Amortization table (extract)
Date Principle Interest Balance
December 31, 2018 $18.55 $181.45 $1.828
Sam and Sally Green have a standard homeowners policy with no endorsements. The dwelling is insured for its full value. Indicate whether or not each of the following losses is covered and under what coverage. Specify why each loss is covered or not covered.
a. The Green's valuable dog is stolen from their back yard.
b. Sally takes off her wedding ring in a public restroom to wash her hands. She accidentally leaves the ring behind.
c. While the Green's are vacationing in Europe, their hotel room is robbed. The thief gets away with jewels and cash.
d. While practicing his chip shot in the yard, Sam accidentally sends a golf ball crashing through the dining room window.
Answer:
a. Not covered
b. Not covered
c. Covered
d. Covered
Explanation:
Sam and Sally have standard homeowner policy. There are no endorsements to the policy. The standard policy will cover the house damage due to accident or some other reasons unintentionally. When dog is stolen this is not covered in the policy as there is no endorsement for the dog security insurance in the policy. Sally has left her ring due to her carelessness and thus this is also not covered in the policy. When Sam accidentally breaks dining room window this will be covered in the basic policy.
Companies in the same industry often select very different distribution networks, because the choice of the distribution network can be used to achieve a variety of supply chain objectives ranging from low cost to high responsiveness.
a. True
b. False
Answer:
T
Explanation:
the black shoe company produces its famous madison shoe, which sell for $60m per pair, the operating income for 2020 is as follows: Revenues $300,000 Variable costs $120,000 Fixed costs $108,000
What is the break-even point in units?
Helppppppp pleaseeee
Answer:
B
Explanation:
I think but i may be wrong
Khả năng lãnh đạo là do tố chất bẩm sinh hay có thể hình thành thông qua rèn luyện? Hãy lấy ví dụ và phân tích hai người lãnh đạo trong thực tế để chứng minh cho quan điểm của Anh/Chị
Answer:
Theo tôi, một số đặc điểm sinh ra ở một người như thần thái, kỹ năng nói chuyện chuyên nghiệp và sự tự tin. Chúng có thể tăng hoặc giảm theo thời gian tùy thuộc vào kinh nghiệm và tình huống mà một người trải qua, nhưng tôi cũng không nghĩ rằng khả năng lãnh đạo có được vì một số người dành cả đời để tham gia các khóa học về sự tự tin, cách nói chuyện chuyên nghiệp, v.v. và họ vẫn không thể gây ảnh hưởng khác. Vì vậy, khả năng lãnh đạo là bẩm sinh chủ yếu là làm việc để đạt được một số kỹ năng. Bạn nghĩ sao?
Explanation:
làm ơn đi
Examine a product that has recently changed prices when you were at the grocery store in the past week. Analyze one determinant of supply and demand that has created the price to increase or decrease in your example. How did the change in demand or supply affect the market price in your example
Answer:
In the store the bread seemed to have a higher demand this week. When we went monday the shelfs were full of bread and the bread was 3.75 and when we went saturday it was 3.99. I think because it was in higher demand the bread went uo in cost so they wouldn't sell out.
DRK, Inc., has just sold 110,000 shares in an initial public offering. The underwriter’s explicit fees were $66,000. The offering price for the shares was $60, but immediately upon issue, the share price jumped to $66.00. a. What is the total cost to DRK of the equity issue?
Answer: $726000
Explanation:
Based on the information given in the question, the total cost to DRK of the equity issue will be calculated thus:
Firstly, we'll calculate the implicit cost per share which will be:
= Increased price - Offering price
= $66 - $60
= $6
Then, the total implicit cost will be:
= $6 × 110000
= $660000
Then, the total cost to DRK of the equity issue will be:
= Explicit cost + Implicit cost
= $66000 + $660000
= $726000
Prepare journal entries to record each of the following four separate issuances of stock.
a. A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash.
b. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,000. The stock has a $2 per share stated value.
c. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,000. The stock has no stated value.
d. A corporation issued 750 shares of $75 par value preferred stock for $79,250 cash.
Answer:
Transaction a
Debit : Cash $36,000
Credit : Common Stock (3,000 x $10) $30,000
Credit : Common Stock - Paid in excess of par $6,000
Transaction b
Debit : Cash $23,000
Credit : Common Stock $23,000
Transaction c
Debit : Cash $23,000
Credit : Common Stock $23,000
Transaction d
Debit : Cash $79,250
Credit : Preferred Stock (750 x $75) $56,250
Credit : Preferred Stock - Paid in excess of par $23,000
Explanation:
The journal entries to record each of the following four separate issuances of stock have been prepared above.
Step 1 : Distinguish if Stock has par value or not
For par value stock, any amount paid in excess of par value is places in a reserve - Paid in Excess of Par on issuance.
For non par value stocks, we value stocks at market price of item exchanged
Step 2 : Recording
On Issuance, Cash is increasing so we debit Cash Account. The Stock Account as well as the Reserve - Paid in Excess (if applicable) both increases on the credit side, so that will be a Credit entry
The standard deviation for a set of stock returns can be calculated as the: Select one: a. variance squared. b. average squared difference between the actual return and the average return. c. average return divided by N minus one, where N is the number of returns. d. positive square root of the variance. e. positive square root of the average return.
Answer: d. positive square root of the variance.
Explanation:
Standard deviation is used to show the risk on a set of stocks and it is calculated by taking the square root of the variance of those same returns.
The process of finding the standard deviation is to therefore find the average return first and then find the variance of these returns. At this point, the variance will be positive as it is a squared value. Once this value is then taken to its square root, you will have your standard deviation.
What is the catch‑up effect concerning developed and developing countries? Developing countries never can catch up to developed countries. may grow faster than developed countries because they lack the most basic tools and capital investment leads to higher productivity growth. have greater productivity per unit of capital because they are better at developing new technologies. Developing countries have lower productivity per unit of capital because they are better at developing new technology.
Answer:
Developing countries may grow faster than developed countries because they lack the most basic tools and capital investment leads to higher productivity growth.
Explanation:
The catch‑up effect concerning developed and developing countries is that "Developing countries may grow faster than developed countries because they lack the most basic tools and capital investment leads to higher productivity growth."
This is based on the theory that the law of diminishing marginal returns will at some point occurred to the rate or level of investment at the national level, thereby leading to a slow-down effect on growth rates as the economy of a country matures.
If two companies have the same return on equity (ROE), they will also have the same return on assets (ROA).
a. True
b. False
Answer:
False B
Explanation:
I took the test and got it right on FLVS:)
Hope this help's
You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.27 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio
Answer:
the beta be for the other stock in your portfolio is 1.73
Explanation:
The computation of the beta be for the other stock in your portfolio is shown below:
Given that
risk free asset contains the beta of 0
And,
market beta = 1
Now
1 = 1 ÷ 3 × 0 + 1 ÷ 3 × 1.27 + 1 ÷ 3 × beta
The beta of other stock = 1.73
hence, the beta be for the other stock in your portfolio is 1.73
Here we assume that one-third should be invested in all 3 things each
what is the role of personal attitude in a successful business
Answer:
..
Explanation:
Attitude plays a big role in the success of the business . Attitude can build and also lead a business to failure. Customers are the one who make the main aim of making business successful which is to make profit. so the main goal of the business is to do things that will attach more customers.so attitude plays a big role as it is linked with customer service.when there is positive customer service the more it promotes the public image of a business which is one of things that make a successful business.also positive attitude towards the staff or employees make a successful business because when customers get a positive personal attitude from management the workers get satisfied with their working environment and as they are happy products of a good quality are produced and that increases demand and sales of a product which lead to successful business....❤️hope I helped ❤️
name two product with an inelastic demand
Answer:
everything can be found in the picture
How do you identify the need for the meeting?
