Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck

Answers

Answer 1

Answer: See explanation

Explanation:

The journal entry to record the purchase of the truck will be:

Dr Trucks $54641

Dr Discount on Notes Payable $25359

Cr Notes Payable $80000

Note:

Face value of Note = $80000

× PV factor = 1/1.10⁴ = 0.68301

Present value of Face value of Note = $54641


Related Questions

Rick and Joe get together and start a mortgage brokerage business. They each contribute $25,000 of capital to the business. After the first year of operation, the total owners' equity is listed as $60,000. Most likely, the additional $10,000 of owners' equity is

Answers

Answer: a common stock.

Explanation:

Following the information given in the question, the additional $10,000 of owners' equity will be regarded as a common stock.

Commission stock is regarded as a corporate equity ownership and each share of stock simply means the holder has a small portion of ownership of that particular company. Every addition in owner's equity is common stock.

Bethany needs to borrow $10,000. She can borrow the money at 6% simple interest for 5 yr or she can borrow at 5% with interest compounded continuously for 5 yr.

a. How much total interest would Bethany pay at 6% simple interest?
b. How much total interest would Bethany pay at 5% interest compounded continuously?
c. Which option results in less total interest?

Answers

Answer:

a. $3000

b. 2840.25

c. compounded continuously

Explanation:

a. principal amount,  p = $10000

Interest rate in the case of simple interest = 6%

Time, t = 5 years

Interest amount = Prt

Interest amount = 10000 x 6% x 5 = $3000

b. principal amount,  p = $10000

Interest rate, r = 5%

Time, t = 5 years

Interest amount = Pe^(rt) - P

Interest amount = 10000 (2.71)^(5% x 5) - 10000

Interest amount = 2840.25

c. Compounded continuously has a lower interest amount.

Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable Net Sales WalCo $ 1,625 $ 2,572 $ 303,427 TarMart 5,216 5,744 48,878 CostGet 439 475 49,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet

Answers

Answer:

1. Accounts Receivable Turnover

Walco 144.59 Times

Tarmart 8.9 Times

Costget 109.33 Times

Average collection period

Walco 2.52 Days

Tarmart 41.01 Days

Costget 3.34 Days

2. Walco

Explanation:

1. Calculation to determine the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet

ACCOUNTS RECEIVABLE TURNOVER

Using this formula

Accounts Receivable Turnover=Net Sales/Average Accounts receivable

Walco=$ 303,427/($ 1,625+2,572)/2

Walco=$ 303,427/$2,098.5

Walco =144.59 Times

Tarmart= 48,878/(5,216 + 5744)/2

Tarmart= 48,878/5480

Tarmart= 8.9 Times

Costget= 49,963/(439 + 475)/2

Costget= 49,963/457

Costget= 109.33 Times

Therefore the receivables turnover ratio is :

Walco 144.59 Times

Tarmart 8.9 Times

Costget 109.33 Times

AVERAGE COLLECTION PERIOD

Using this formula

Average collection period=Average Collection Period

365 /Receivables turnover ratio

Let plug in the formula

Walco= 365.00/144.59 Walco=2.52 Days

Tarmart= 365.00/8.9

Tarmart= 41.01 Days

Costget= 365.00/109.33

Costget=3.34 Days

2. Based on the above calculation the company that appears MOST EFFICIENT in collecting cash from sales is WALCO 144.59 Times.

I am buying a firm with an expected perpetual cash flow of $1,000 but am unsure of its risk. If I think the beta of the firm is 0, when the beta is really 1, how much more will I offer for the firm than it is truly worth? Assume the risk-free rate is 4% and the expected rate of return on the market is 10%. (Input the amount as a positive value.)

Answers

Answer:

$15,000

Explanation:

Value of a perpetuality = cash flow / r

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

4 + 0 (10 - 4) = 4

1,000/ 0.04 = 25,000

4 + 1 (10 - 4) = 10

1000 / 0.1 = 10,000

25,000 - 10,000 = 15,000

Ramakrishnan Inc. reported 2018 net income of $20 million and depreciation of $1,500,000. The top part of Ramakrishnan, Inc.'s 2017 and 2018 balance sheets is listed as follows (in millions of dollars).
2018 2017 2018 2017
Current assets: Current liabilities:
Cash and marketable securities $25 $26 Accrued wages and taxes $43 $35
Accounts receivable 98 92 Accounts payable 69 60
Inventory 170 144 Notes payable 60 55
Total $293 $262 Total $172 $150
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc.

Answers

Answer:

$6,500,000

Explanation:

Calculation to determine the 2018 net cash flow from operating activities for Ramakrishnan, Inc.

Cash Flows from Operating Activities

Net income $ 20,000,000

Additions (sources of cash):

Depreciation $1,500,000

Increase in accrued wages and taxes $8,000,000

($43,000,000-$35,000,000)

Increase in accounts payable $9,000,000

($69,000,000-$60,000,000)

Less Increase in accounts receivable ($6,000,000)

($98,000,000-$92,000,000)

Less Increase in inventory ($26,000,000)

($170,000,000-$144,000,000)

Net cash flow from operating activities: $ $6,500,000

Therefore the 2018 net cash flow from operating activities for Ramakrishnan, Inc is $6,500,000

Part A. Identify the following users of accounting information as either an internal (I) or an external (E) user.
______ 1. Shareholders
______ 2. Creditors
______ 3. Nonexecutive employee
______ 4. Research and development director
______ 5. Purchasing manager
______ 6. Human resources director
______ 7. Production supervisors
______ 8. Distribution managers
Part B. Identify the following questions as most likely to be asked by an internal (I) or an external (E) user of accounting information.
______ 1. What are the costs of our service to customers?
______ 2. Should we make a five-year loan to that business?
______ 3. Should we spend further research on our product?
______ 4. Do income levels justify the current stock price?
______ 5. What are reasonable payroll benefits and wages?
______ 6. Which firm reports the highest sales and income?
______ 7. What are the costs of our productâs ingredients?

Answers

Answer:

Part A

1. Shareholders

Identification: External user

2. Creditors

Identification: External user

3. Non-executive employee

Identification: External user

4. Research and development director

Identification: Internal user

5. Purchasing manager

Identification: Internal user

6. Human resources director

Identification: Internal user

7. Production supervisors

Identification: Internal user

8. Distribution managers

Identification: Internal user

Part B

1. What are the costs of our service to customers?

Identification: Internal user

2. Should we make a five-year loan to that business?

Identification: External user

3. Should we spend further research on our product?

Identification: Internal user

4. Do income levels justify the current stock price?

Identification: External user

5. What are reasonable payroll benefits and wages?

Identification: Internal user

6. Which firm reports the highest sales and income?

Identification: External user

7. What are the costs of our productâs ingredients?

Identification: Internal user

The phone rings in the next room and the assistant answers it. She tells the caller, "Yes, sir, he is here." After a moment she adds: "He has been here for about five or ten minutes, sir." She soon hangs up, and comes in with your coffee. She tells you that it should not be too much longer and again apologizes. She explains that the CEO stopped at a gas station to call in. She then tells you that the CEO is a bit "old fashioned." "He doesn't really use a cell phone," she says. She turns to leave, but you ask her to have a seat. You have an opportunity here. What should you ask the CEO's personal assistant?

Answers

Answer:

The best question to ask the CEO's personal assistant while you are waiting for the CEO is:

Could you tell me about your work environment?

Explanation:

This question will enable you to build rapport with the personal assistant and to learn more about the organization.  It will expose the personal assistant's job satisfaction level, the job setting, and social features, including physical conditions for a worker at the organization to fulfill her responsibilities.  The question will also expose the general employee feelings of wellbeing, workplace relationships, productivity efficiency, and employee health.  It will expose the organization culture, which is an important determinant of organizational success.

Income statement information for Einsworth Corporation follows: Sales $1,500,000 Cost of goods sold 900,000 Gross profit 600,000 Prepare a vertical analysis of the income statement for Einsworth Corporation.

Answers

Answer:

A vertical analysis income statement uses Sales as a base and makes everything else a percentage of sales.

                                            Vertical Analysis Statement

                                                     Amount                     Percentage

Sales                                       $1,500,000                         100%

Cost of Goods sold                ($900,000)                          60%

Gross Profit                               $600,000                          40%

Cost of Goods sold percentage = 900,000 / 1,500,000

= 60%

Gross Profit percentage = 600,000 / 1,500,000

= 40%

The purpose of the Carlos Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated with refueling could be substantially reduced. Many other benefits would also occur. To date, management has not had much success and is deciding whether a write-down at this time is appropriate. Management estimated its future net cash flows from the project to be $438 million. Management has also received an offer to purchase the division for $351 million. All identifiable assetsâ and liabilitiesâ book and fair value amounts are the same.

Required:
Prepare the journal entry to record the impairment at December 31, 2017.

Answers

Solution :

Calculate the amount of loss on impairment as follows :

Particular                                                                          Millions($)

Fair value of the division                                                      351

Less: carrying amount, net of good (474 - 210)                 264

Implied goodwill                                                                     78

Less: carrying value of good will                                         210

Loss on impairment                                                              132

Record impairment loss

Account title                                            Debit($ million)           Credit ($ million)

Loss of impairment                                        132

Goodwill                                                                                         132

McBride's Dairy has 200 gallons of heavy cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the split-off point. It can sell each product at the split-off point or process it further in relatively similar processes, so management has decided that the most appropriate method for allocating joint costs is the market value at split-off point. One gallon of cream sells for $15, while one gallon of milk sells for $4. How much of the joint cost is allocated to cream

Answers

Answer:

$560

Explanation:

Calculation to determine How much of the joint cost is allocated to cream

Units Selling price Sales value Percentage of sales value Allocated cost

Cream (200*15=3,000) (3,000/5,400 = 56%)

(1,000 x 56% = $560)

Skimmed milk (600*4=2,400) (2,400/5,400 = 44%) (1,000 x 44% = $440)

Total $5,400 100% $1,000

($3,000+$2,400=$5,400)

(56%+44%=100%)

($560+$440=$1,00)

Therefore the joint cost allocated to CREAM is $560

When a market is in equilibrium, the: multiple choice 1 quantity demanded equals the price. quantity demanded equals the quantity supplied at the market price. quantity demanded equals the quantity supplied and they both equal the price. quantity supplied equals the price. The market for cell phones reaches equilibrium because cell phone sellers have an incentive: multiple choice 2 to decrease quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to rise and some cell phone consumers will not buy at higher prices, driving the price to equilibrium. to increase quantity and so do cell phone consumers, so the price goes to to equilibrium. for prices to fall and some cell phone consumers only buy at higher prices, driving the price to equilibrium.

Answers

ANSWER:

2 Batteries

Explanation:

The resource-based view of competitive advantage states that for something to yield competitive advantage it must be ______.

Answers

Answer:

"Rare, hard to duplicate, as well as non-substitutable" is the correct response.

Explanation:

Assesses as well as interprets companies' financial capabilities as well as stresses capacities and knowledge throughout the formulation of strategy to provides provision tangible benefits, is considered as RBV.Inputs that always encourage employees to exercise their business might be viewed as significant commodities.

During a team meeting, a team member asks about the measurements that will be used on the project to assess performance. The team member feels that some of the measures related to the activities assigned to him are not valid measurements. The project is BEST considered to be in what part of the project management process?

Answers

Answer:

The answer is "Executing".

Explanation:

In this inquiry, it is stated that certain of the measurements used to evaluate a team member's efforts are deemed invalid. As a result, he'll have to work during the project's executing phase, when project deliverables are created and project participants execute the majority of the labor. During this team meeting, one of the members inquires about the project's performance measurements, that's why Executing is the correct choice.

High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handling. The number of moves is the driver. The total costs of the three resources and the activity output, as measured by moves for the two different levels, are presented as follows: Resource Number of Moves Total Cost Forklift depreciation: Low 5,000 $1,600 High 15,000 1,600 Indirect labor: Low 5,000 $74,000 High 15,000 136,000 Fuel and oil for forklift: Low 5,000 $3,550 High 15,000 10,650 Required: If required, round your answers to two decimal places. Enter a "0" if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: V $ F $ Y $ Indirect labor: V $ F $ Y $ + $ X Fuel and oil for forklift: V $ F $ Y $ X 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 8,000 moves. Forklift depreciation $ Indirect labor $ Fuel and oil for forklift $ 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places. Materials handling cost = $ + $ X Using this formula, predict the total materials handling cost if activity output is 8,000 moves. Y = $.

Answers

Answer:

South Charleston Plant of Ravinia, Inc.

1. Cost behavior formula:

Forklift depreciation = $1,600 + $0q

Indirect labor = $43,000 + $6.20q

Fuel and oil for forklift = $3,550 + $0.71 (q - 5,000)

2. Cost of each item for an activity output level of 8,000 moves:

Forklift depreciation = $1,600

Indirect labor =  $92,600

Fuel and oil for forklift = $5,680

3. Total cost formula = $48,150 + $6.47q

Materials handling cost = $99,880

Explanation:

a) Data and Calculations:

Resource                        Number of Moves   Total Cost

Forklift depreciation:    

Low                                           5,000                $1,600

High                                        15,000                   1,600

Indirect labor:

Low                                          5,000             $74,000

High                                       15,000              136,000

Fuel and oil for forklift:

Low                                        5,000               $3,550

High                                      15,000               10,650

Cost behavior formula for each resource:

Forklift depreciation:

Low                                           5,000                $1,600

High                                        15,000                   1,600

Difference                              10,000                  $0

Variable cost per unit = $0 ($0/10,000)

Fixed cost = $1,600

Cost behavior formula = $1,600 + $0q

Indirect labor:

Low                                          5,000             $74,000

High                                       15,000              136,000

Difference                             10,000               62,000

Variable cost per unit = $6.20 ($62,000/10,000)

Fixed cost = $43,000 ($74,000 - ($6.20*5,000))

Cost behavior formula = $43,000 + $6.20q

Fuel and oil for forklift:

Low                                        5,000               $3,550

High                                      15,000               10,650

Difference                            10,000               $7,100

Variable cost per unit = $0.71 ($7,100/10,000)

Fixed cost = $3,550 ($3,0 - ($0.71 * (15,000 - 5,000))

Step cost

Cost behavior formula = $3,550 + $0.71 (q - 5,000)

Forklift depreciation = $1,600 + $0 * 8,000 = $1,600

Indirect labor = $43,000 + $6.20 * 8,000 = $92,600

Fuel and oil for forklift = $3,550 + $0.71 (8,000 - 5,000) = $5,680

Total cost formula:            Fixed   +  Variable

Forklift depreciation =      $1,600 + $0 * 8,000 = $1,600

Indirect labor =              $43,000 + $6.20 * 8,000 = $92,600

Fuel and oil for forklift = $3,550 + $0.71 (8,000 - 5,000) = $5,680

                                      $48,150 + $51,730 = $99,880

= $48,150 + $6.47q ($51,730/8,000)

Materials handling cost = ($1600 + $43000) + ($6.20 + $0.71) X

= $44600 + $6.91 X

Y = $44600 + ($6.91 x 8000)

= $44600 + $55280

= $99880

Sidewinder, Inc., has sales of $714,000, costs of $348,000, depreciation expense of $93,000, interest expense of $58,000, and a tax rate of 25 percent. The firm paid out $88,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)Duela Dent is single and had $180,800 in taxable income. Use the rates from Table 2.3. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Calculate her income taxes.Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $203,000; patents and copyrights = $857,000; accounts payable = $286,000; accounts receivable = $263,000; tangible net fixed assets = $5,200,000; inventory = $548,000; notes payable = $179,000; accumulated retained earnings = $4,686,000; long-term debt = $1,150,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Answers

Answer:

Sidewinder, Inc.

The addition to retained earnings is:

=  $73,250

Duela Dent:

Income taxes = $45,200.

Alaskan Peach Corp.:

Balance Sheet as of December 31, 2019

Assets

Current assets:

Cash                                    $203,000

Accounts receivable             263,000

Inventory                               548,000     $1,014,000

Long-term assets:

Tangible net fixed assets 5,200,000

Patents and copyrights        857,000  $6,057,000

Total assets                                           $7,071,000

Liabilities and Equity:

Current liabilities:

Accounts payable             $286,000

Notes payable                      179,000     $465,000

Long-term liabilities:

Long-term debt                                     $1,150,000

Total liabilities                                       $1,615,000

Accumulated retained earnings          4,686,000

Common stock (missing figure)              770,000

Total liabilities and equity                   $7,071,000

Explanation:

a) Data and Calculations:

Sidewinder, Inc.:

Sales revenue  $714,000

Cost of goods sold  $348,000

Depreciation expense $93,000

Interest expense $58,000

Tax rate = 25%

Cash dividends paid = $88,000

Income Statement

Sales revenue                  $714,000

Cost of goods sold           348,000

Gross profit                    $366,000

Depreciation expense       93,000

EBIT                                $273,000

Interest expense              (58,000)

Income before tax         $215,000

Tax rate (25%)                   53,750

Net income                    $161,250

Cash dividends paid        88,000

Addition to Retained

 Earnings                      $73,250

Duela Dent (single):

Taxable income = $180,800

Income tax (25%)     45,200

Alaskan Peach Corp.:

Account Titles                          Debit       Credit

Cash                                    $203,000

Accounts receivable             263,000

Inventory                               548,000

Patents and copyrights        857,000

Tangible net fixed assets 5,200,000

Accounts payable                                  $286,000

Notes payable                                           179,000

Long-term debt                                      1,150,000

Accumulated retained earnings          4,686,000

Common stock (missing figure)              770,000

Totals                               $7,071,000 $7,071,000

Mauro Products distributes a single product, a woven basket whose selling price is $19 per unit and whose variable expense is $15 per unit. The company’s monthly fixed expense is $12,000. Required: 1. Calculate the company’s break-even point in unit sales. 2. Calculate the company’s break-even point in dollar sales. (Do not round intermediate calculations.) 3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (Do not round intermediate calculations.)

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $19

Unitary variable cost= $15

Fixed costs= $12,000

To calculate the break-even point in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 12,000 / 4

Break-even point in units= 3,000

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 12,000 / (4/19)

Break-even point (dollars)= $57,000

Now, the fixed costs are $12,600:

Break-even point in units= 12,600 / 4

Break-even point in units= 3,150

Break-even point (dollars)= 12,600 / (4/19)

Break-even point (dollars)= $59,850

The Gear Division makes a part with the following characteristics:
Production capacity 25,000 units
Selling price to outside customers $ 18
Variable cost per unit $ 11
Fixed cost, total $ 100,000
Motor Division of the same company would like to purchase 10,000 units each period from the Gear Division. The Motor Division now purchases the part from an outside supplier at a price of $17 each. Suppose that the Gear Division is operating at capacity and can sell all of its output to outside customers. If the Gear Division sells the parts to Motor Division at $17 per unit, the company as a whole will be:
a. better off by $10,000 each period.
b. worse off by $20,000 each period.
c. worse off by $10,000 each period.
d. There will be no change in the status of the company as a whole.

Answers

Answer:

Effect on income= -10,000

Explanation:

Giving the following information:

Production capacity 25,000 units

Selling price to outside customers $ 18

Variable cost per unit $ 11

Fixed cost, total $ 100,000

First, we need to calculate the unitary total production cost:

Total unitary cost= (100,000/25,000) + 11

Total unitary cost= $15

The company can sell all of its production to outside customers and gain $3 from the sale. But, by selling to the Motor Division, it gains $2.

Now, the effect on income:

Effect on income= increase in income by not buying the part - decrease in sales revenue for not selling to outside customers

Effect on income= 10,000*2 - 10,000*3

Effect on income= 20,000 - 30,000

Effect on income= -10,000

The benefits of portfolio diversification are highest when the individual securities have returns that Group of answer choices Are counter-cyclical Vary indirectly with the rest of the portfolio Are uncorrelated with the rest of the portfolio Vary directly with the rest of the portfolio

Answers

Answer:

Are uncorrelated with the rest of the portfolio

Explanation:

Portfolio diversification is the process of holding different asset and security classes in order to minimise the non systemic risk of the portfolio

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

The highest benefit of diversification is when the securities are uncorrelated

Correlation is a statistical measure used to measure the relationship that exists between two variables.

1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases.

For example, there should be a positive correlation between quantity supplied and price

When there is a positive correlation, the graph of the variables is upward sloping

2. Negative correlation :  it mean that the two variables move in different direction. If one variable increases, the other variable decreases.

For example, there should be a negative correlation between quantity demanded and price

When there is a negative correlation, the graph of the variables is downward sloping

3. Zero correlation : there is no relationship between the variables

The management of Penfold Corporation is considering the purchase of a machine that would cost $360,000, would last for 10 years, and would have no salvage value. The machine would reduce labor and other costs by $50,000 per year. The company requires a minimum pretax return of 9% on all investment projects. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to (Ignore income taxes.):

Answers

Answer:

the  net present value is -$72,050

Explanation:

The computation of the net present value is shown below

= $50,000  per year ×PVIFA factor at 10 years for 9% - $360,000

= $50,000 ×5.7590  - $360,000

= $287,950 - $360,000

= -$72,050

hence, the  net present value is -$72,050

So the same should be relevant and considered too

Consider the markets for three products below. Indicate which characteristics of a competitive market are met by these markets.

Market : Gasoline
a. Large number of buyers
b. Standardized good
c. Full information
d. No transaction cost
e. Participants are price takers

Market: barbershop haircuts

a. Large number of buyers
b. Standardized good
c. Full information
d. No transaction cost
e. Participants are price takers

Market: bicycles

a. Large number of buyers
b. Standardized good
c. Full information
d. No transaction cost
e. Participants are price takers

Answers

Answer:

Market : Gasoline

b. Standardized good

c. Full information

e. Participants are price takers.

Market : Barbershop haircuts

a. Large number of buyers

c. Full information

Market : Bicycles

a. Large number of buyers

b. Standardized good

c. Full information

d. No transaction cost

Explanation:

The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.

Assume that EEG Company wanted to reduce the cost of materials handling in each of its stores, and management set a target reduction of 2 percent per year. If a given store has current annual materials handling costs of $200,000 and expected an increase next year due to 15 percent growth, the budget for next year would be: A. $230,000 B. $216,000 C. $196,000 D. $225,400

Answers

The answer is c I believe I am not sure If I am right

George Washington Carver developed new

A.military strategies
B. web 2.0 products
C. agricultural innovations
D. long-distance communication

Answers

I think the answer is C !!!!! I’m not 100% sure though

George Washington Carver developed new agricultural innovations. Thus, the correct answer is option (C).

Who was George Washington Carver?

George Washington Carver was an American agricultural scientist and inventor who advocated for non-cotton crops and ways to avoid soil depletion. He was a famous black scientist in the early twentieth century.

Carver created an agriculture extension in Alabama as well as an industrial research lab, where he worked tirelessly on the development of hundreds of novel plant applications. Carver created his crop rotation technique at Tuskegee, which alternated nitrate-producing legumes like peanuts and maize with cotton, which depletes the soil of nutrients. His innovations are attributed with ensuring the South's economic survival in the early twentieth century.

Therefore, George Washington Carver is considered to have made large contributions in agricultural innovations.

To learn more on George Washington Carver, click here:

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Suppose a chair manufacturer finds that the marginal rate of technical substitution​ (MRTS) of capital for labor in her production process is substantially than the ratio of the wage rate for​ assembly-line labor​ (w) to the rental rate on machinery​ (r). How should she alter her use of labor and capital to minimize the cost of​ production? Holding output​ constant, the chair manufacturer should use ▼ less more labor and ▼ more less capital.

Answers

Answer:

The chair manufacturer should use less labor and more capital.

Explanation:

Note: This question is not complete because the important word less is omitted. The complete question is therefore provided before answering the question as follows:

Suppose a chair manufacturer finds that the marginal rate of technical substitution (MRTS) of capital for labor in her production process is substantially less than the ratio of the wage rate for assembly-line labor (w) to the rental rate on machinery (r). How should she alter her use of labor and capital to minimize the cost of production? Holding output constant, the chair manufacturer should use [less/more] labor and [more/less] capital.

Explanation of the answer is now provided as follows:

The marginal rate of technical substitution (MRST) is the amount by which the quantity of one input must be reduced when one more unit of another input is used to keep output constant.

In order to minimize cost of production while holding output constant, when the MRTS of capital for labor is substantially greater than the ratio of w to r, it implies that less capital and more labor should be used; but when the MRTS of capital for labor is substantially less than the ratio of w to r, it implies that more capital and less labor should be used.

Based on the above explanation, the chair manufacturer should use less labor and more capital.

Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $140 in cash from a customer for services rendered this year a promise from a customer to pay $192 for services rendered this year tickets to a football game worth $230 as payment for services performed last year a check for $178 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C

Answers

Answer:

$548

Explanation:

Calculation to determine How much income should Bill realize on Schedule C

Income realized=$140+ $230 + $178

Income realized= $548

Therefore How much income should Bill realize on Schedule C is $548

Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two options. The first is a small facility that it could build at a cost of $7 million. If demand for new products is low, the company expects to receive $9 million in discounted revenues (present value of future revenues) with the small facility. On the other hand, if demand is high, it expects $14 million in discounted revenues using the small facility. The second option is to build a large factory at a cost of $8 million. Were demand to be low, the company would expect $9 million in discounted revenues with the large plant. If demand is high, the company estimates that the discounted revenues would be $13 million. In either case, the probability of demand being high is .30, and the probability of it being low is .70. Not constructing a new factory would result in no additional revenue being generated because the current factories cannot produce these new products.

1. Calculate the NPV for the following:

Plans NPV
Small facility $million
Do nothing million
Large facility million

2. The best decision to help Expando is:_________

Answers

Answer:

Expando, Inc.

1. NPV for the following:

Plans                 NPV

Small facility     $3.5 million

Do nothing         0 million

Large facility     2.2 million

2. The best decision to help Expando is:_________

to build a small facility.

Explanation:

a) Data and Calculations:

                                      Small Facility         Large Facility

Initial investment costs     $7 million            $8 million

Discounted revenues:

Low demand                       9 million              9 million

High demand                     14 million             13 million

Probability of low demand = 0.70

Probability of high demand = 0.30

Expected revenue              10.5 million         10.2 million

                    ($9m * 0.7 + $14m * 0.30)         ($9m * 0.7 + $13m * 0.30)

NPV                                     3.5 million           2.2 million

1. NPV for the following:

Plans                 NPV

Small facility     $3.5 million ($10.5 - $7) million

Do nothing         0 million ($0 - $0) million

Large facility     2.2 million ($10.2 - $8) million

The following data represents number of customers arriving at Quick Lube for an oil change between 9 and 11 AM over the past 6 days.

Day 1 2 3 4 5 6
Customers 34 33 35 36 36 37

Required:
Using the Naive Method, how many customers would you forecast for Day 7?

Answers

Answer:

37

Explanation:

The naïve technique of forecasting is a simple forecasting technique that is used among time series data. in this type of forecasting, we use the actual figure in the last period to make a forecast for the next period that follows it.

In this question, the last day is day 6, and the number of customer on this day is 37. With the explanation in the paragraph above, the forecast for day 7 is still going to be 37 customers, given that day 7 follows day 6, which was the last period.

A stock will pay no dividends for the next 5 years. Then it will pay a dividend of $9.51 growing at 1.75%. The discount rate is 9.14%. What should be the current stock price

Answers

Answer:

PV= $84.56

Explanation:

Giving the following information:

A stock will pay no dividends for the next 5 years. Then it will pay a dividend of $9.51 growing at 1.75%. The discount rate is 9.14%.

First, we need to calculate the value of the stock in five years:

PV5 = D1 / (i - g)

PV5= (9.51*1.0175) / (0.0914 - 0.0175)

PV5=$130.94

Now, the value today of the stock:

PV= FV / (1 + i)^n

PV= 130.94 / (1.0914^5)

PV= $84.56

Trevor is saving for a down payment to buy a house. The account earns 11.2% interest compounded monthly, and he wants to have $14,000 in 7 years. What must his principal be

Answers

Answer:

the principal amount is $6,415.35

Explanation:

The computation of the principal amount is given below:

Amount = Principal × (1 + rate of interest)^time period

$14,000 = Principal × (1 + 11.2% ÷ 12)^7× 12

$14,000 = Principal × (1.00933)^84

So, the principal is

= $14,000 ÷ 2.18227

= $6,415.35

hence, the principal amount is $6,415.35

Which of the following expressions correctly describes economic​ profits? A. Marginal revenuesexplicit costs. B. Total revenuesexplicit costs. C. Total revenuesimplicit costsexplicit costs. D. Marginal revenuesimplicit costsexplicit costs.

Answers

Answer:

C. Total revenuesimplicit costsexplicit costs.

Explanation:

The formula to compute the economic profits is shown below:

The economic profit is

= Total revenue - (explicit cost + implicit cost)

or

= Total revenue - explicit cost - implicit cost

So based on the above formula, the option c is correct

And, the rest of the options are incorrect

Skysong Industries borrows $22000 at 5% annual interest for six months on October 1, 2022. Which is the appropriate entry to accrue interest if Skysong employs a December 31, 2022, fiscal year?

Answers

Answer and Explanation:

The journal entry is shown below:

Interest Expense [$22,000 × 5% × 3 ÷ 12] $275

                  To Interest payable $275

[Being accrued interest expense is recorded]

Here interest expense is debited as it increased the expense and credited the interest payable as it also increased the liability

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