On December 1, a company pays $3,600 for a 36-month insurance policy. After one month, accrual accounting requires $ _________(100/3,600) of insurance expense be reported on the income statement ending December 31. However, if cash basis accounting is used, $ _______(100/3,600) of insurance expense would be reported at the time of purchase.
Accrual accounting demands $100 in insurance expenses, whereas cash basis accounting requires $3,600 in insurance expenses.
What is the insurance expense?Using the accrual basis of accounting, the corporation will recognize expenses when they are incurred, regardless of whether they are paid or not.
As a result, the company's insurance expense in the year is limited to the months of December 1 to December 31.
[tex]\text{ Insurance expense under accrual basis} =\frac{3,600}{36}=100[/tex]
Therefore, $3,600 divided by 36 months equals $100.
When using cash basis accounting, all expenses with actual cash outflows are reported.
As a result, the entire $3,600 insurance policy cost will be charged to insurance expenses in the year.
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CII, Incorporated, invests $710,000 in a project expected to earn a 9% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 12 years later. What will the cash proceeds be when the project is liquidated
The total amount accrued, principal plus interest at a rate of 9% per year compounded 1 times per year over 12 years is $1,996,992.00.
Compound InterestGiven Data
Principal = $710,000Rate = 9%Time = 12 yearsA = P + I where
P (principal) = $710,000.00
I (interest) = $1,286,992.00
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 9/100
r = 0.09 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 710,000.00(1 + 0.09/1)(1)(12)
A = 710,000.00(1 + 0.09)(12)
A = $1,996,992.00
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Doc's ribhouse had beginning equity of 79000 and net icome of 23000. The company has no other transaction impacting equity. Calculate the ending equity
Doc's ribhouse ending equity would be $102,000 if has beginning equity of 79000 and net icome of 23000.
What is equity?Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded.
Doc's ribhouse beginning equity
= $79,000
Net income
= $23,000
Ending equity
= ?
Ending Equity
= Beginning Equity + Net Income - Dividends
= $79,000 + $2
= $102,000
Hence, Doc's ribhouse ending equity would be $102,000
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If the marginal propensity to consume is 0.75 and taxes are decreased by a lump sum of $400 billion, what will be the increase in income
The income will be increased by $533.33 billion with MPC equals 0.75 and a decrease in taxes by $400 billion.
What is MPC?MPC stands for marginal propensity to consume which is determined by dividing the change in consumption of consumers by to change in income earned by them.
Given values:
MPC = 0.75
Decrease in taxes (Change in consumptiuon)= $400 billion
Computation of increase in income (Change in income):
[tex]\rm\ MPC=\frac{\rm\ Change \rm\ in \rm\ Consumption}{\rm\ Change \rm\ in \rm\ Income} \\\rm\ Change \rm\ in \rm\ Income = \frac{\rm \ Change \rm\ in \rm\ Consumption}{\rm\ MPC}\\\rm\ Change \rm\ in \rm\ Income =\frac{\$ 400 \rm\ billion}{\rm\ 0.75}\\\\\rm\ Change \rm\ in \rm\ Income=\$ 533.33 \rm\ billion[/tex]
Therefore, when there is a decrease in consumption by $400 billion with MPC 0.75 then there is an increase in income by $533.33 billion.
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When a pharmaceutical company places an ad in a home and garden magazine for its new arthritis drug, it is using a ________ strategy. Multiple Choice push direct marketing hook pull multichannel
Multichannel strategy is been used by a pharmaceutical company when she places an ad in a home and garden magazine.
What is multichannel strategy?Multi-channel marketing serves as a marketing strategy which involves communicating with customers across multiple, independent channels.
This multichannel strategy. is used to inform potential customers about the company products.
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1. What is the effect on the Cash account when a company sells merchandise, but allows the customer to pay later?
Please help
Write two sentences to explain how taxes support the economy
The appearance of a résumé can change drastically after it has been scanned. please select the best answer from the choices provided t f
It is a true statement that the appearance of a résumé can change drastically after it has been scanned.
How does the appearance of a résumé changed?The real appearance of the resume hardcopy can changed because they lighting and texture will be altered because of the lighting using by the scanning machine.
Therefore, It is a true statement that the appearance of a résumé can change drastically after it has been scanned.
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What are the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share and 115 shares of Stock B that sell for $49 per share
The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.
Portfolio weight for each stockFirst step
Total value = 185($64) + 115($49)
Total value = $17,475
Second step
Portfolio weight for each stock is:
Portfolio weight A = 185($64)/$17,475
Portfolio weight A = .6775
Portfolio weight B = 115($49)/$17,475
Portfolio weight B = .3225
Therefore the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.
The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.
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Which answer choice does not represent an advantage to using credit cards over other forms of payment? a. payments made online with credit card b. payments made abroad with credit card c. emergency contact number for lost card d. interest due on outstanding balance please select the best answer from the choices provided. a b c d
Answer: C
Explanation:
An emergency contact number for lost card makes no sense when it comes to an advantage to using credit cards.
In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress: Multiple Choice passed the American Anti-Corruption Act. formed the FDIC. passed the Bubble Act. formed the Federal Reserve Bank.
In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress formed the FDIC.
What is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) was formed by th Congress after the stock market crash of 1929.Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers.
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Hajime, a new manager, has a new project idea. Before she begins building support for her idea, she begins by __________, which is explaining the idea to her boss to get his approval to seek wider support. Group of answer choices horse trading bootlegging clearing the investment making cheerleaders getting the blessing
Answer:
clearing the investment.
Explanation:
Hajime, a new manager, has a new project idea. Before she begins building support for her idea, she begins by clearing the investment, which is explaining the idea to her boss to get his approval to seek wider support. Group of answer choices horse trading bootlegging clearing the investment making cheerleaders getting the blessing
A stock __________ is the distribution of additional shares to stockholders according to their percent ownership. When this occurs, the corporation "calls in" its outstanding shares and issues more than one new share in exchange for each old share.
Answer:
split
Explanation:
Suppose that research finds a link between high fructose corn syrup (HFCS) and obesity, which then leads American consumers to switch from HFCS products to pure cane sugar products. The graphs show the markets for cane sugar in Haiti and the United States before the studies were divulged. Shift the curves in the graphs, including the horizontal world price curve, to describe the new trade equilibrium that results after the switch in preferences of American households, and then answer the follow‑up question.
Assume that the United States and Haiti are the only non‑HFCS sugar trading parties in the world and that there are no quotas, subsidies, or tariffs distorting these markets.
The new equilibrium from the information shows that sugar cane producers in Haiti benefited.
What is equilibrium?It should be noted that equilibrium simply means balance that is when the supply of goods and demand are equal.
In this case, in the situation of free trade, the world price line is a horizontal lines. The fact that the consumers in the United States demanded more sugar cane product means that the sugar cane producers in Haiti benefited.
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Answer:
On the US graph the domestic demand shifts right to show the increased demand for cane sugar. The world price also increases one notch, which applies to both graphs. No other changes are made to the graphs.
The cane sugar producers in Haiti benefit.
Explanation:
As American consumers move their consumption away from products sweetened with HFCS towards those with cane sugar, domestic demand for cane sugar in the United States shifts to the right.
To have an equilibrium with trade, imports must equal exports. Therefore, the international price of sugar moves up until the excess demand (shortage) of sugar in the United States equals the excess supply (surplus) in Haiti. Since only the price of the good has changed, there are movements along the supply curves and Haiti's domestic demand curve, but these curves themselves do not shift. The surplus of 6000 pounds of sugar that Haiti exports is equal to the shortage of 6000 pounds of sugar that the United States imports.
To determine who is better‑off because of the increase in U.S. demand, consider whether or not the higher price is good for the individuals in each country.
Producers are better‑off, since the higher price of sugar increases their producer surplus. This is true for both producers in the United States and those in Haiti.
Consumers in Haiti face a higher price of sugar, so their consumer surplus decreases, meaning that consumers in Haiti are worse off because of the price increase.
Ali’s company is being helped by the _____ role of the government.
Answer:
economic role (managing economic conditions)When the selling division in an internal transfer can sell every product at its market price, then the lowest acceptable transfer price as far as the selling division is concerned is: g
Answer:The Market Price charged to outside customers
Explanation:
Measures of Success are well-defined by a Six Sigma Team in order to satisfy: Select one: a. customers b. sponsors c. team members d. all of the above e. A and B f. B and C
Measures of Success are well-defined by a Six Sigma Team in order to satisfy are customers, sponsors, and team members. The correct option is D.
What is a six-sigma team?Stakeholders, executives, champions, and team members (yellow belts) are typically included in the formation of a Six Sigma team.
The team is led by a green belt or black belt. Master black belts, black belts, green belts, and yellow belts who assist in the management of the improvement initiative may be members at the project level.
Thus, the correct option is d. all of the above
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When making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative ______. Multiple choice question.
A company may focus on lost contribution margin or prepare comparative income statement when making a product line decision
What is income statement?An income statement can be regarded as financial statement which helps to display company's income and expenditures.
It is a financial statement that shows you the company's income and expenditures. It also shows whether a company is making profit or loss.
Hence, when making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative income statement.
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Drinks Plus., a beverage manufacturing firm, recently launched a new energy drink. To make consumers aware of the new drink and to stimulate their interest in it, the managers want to use owned media to promote the new product. In this case, the managers will most likely _______.
If the managers want to use owned media to promote the new product. In this case, the managers will most likely make short commercials video for the energy drink and upload it to Y.o.u.T.u.b.e.
What is advertisement?Advertisement can be defined as the process of creating product or brand awareness to the target audience so as to increase sales.
Based on the scenario in order for the company to create the product awareness, the company should make a short commercials video to advertise the energy drink and then upload the video to Y.o.u.T.u.b.e
Therefore in this case, the managers will most likely make short commercials video for the energy drink and upload it to Y.o.u.T.u.b.e.
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Volusia, Inc. Is a U. S. -based exporting firm that expects to receive payments denominated in both euros and Canadian dollars in one month. Based on today's spot rates, the dollar value of the funds to be received is estimated at $500,000 for the euros and $300,000 for the Canadian dollars. Based on data for the last fifty months, Volusia estimates the standard deviation of monthly percentage changes to be 8 percent for the euro and 3 percent for the Canadian dollar. The correlation coefficient between the euro and the Canadian dollar is 0. 30. What is the portfolio standard deviation
From the details that are contained in the question, the portfolio standard deviation is 0.0544 or 5.44%
How to solve for the portfolio standard deviationw1 = weight of euros 1 = 500000/800000
w2 = weight of canadian dollars = 300000/800000
Standard deviation 1 = 8%
Standard deviation 2 = 3%
Correlation coefficient = 0.30
(w1*σ1)² + (w2*σ2)² + (2* w1*σ1* w2*σ2 * 0.30)^0.5
[tex]((0.625*0.08)^{2} +(0.375*0.03)^{2} +(2*0.625*0.08*0.375*0.03*0.3)^0^.^5\\\\= 0.0544[/tex]
Therefore the portfolio standard deviation is given as 0.0544 or 5.44%
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The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-year-old boy jumped in their pool and was injured. The boy’s family will MOST likely sue the Gregors for what?
The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.
What is a fence?A fence is a structure built outside an area to cover it so that no one can escape or enter that area. It is a kind of a railing or a barrier usually made up of wood, wire, or steel bars.
If the Gregor family has put the fence around the pool in their backyard, then a ten-year-old boy can't able to enter the pool area which ultimately results in no injury to the boy. But the Gregor family has denied putting the fence which makes the ten-year-old injured when he jumps into the pool area.
Therefore, the injured boy's family will sue the Gregor family for not putting a fence around the pool area.
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The possible answer choices are:
A. coverage
B. negligence
C. fraud
D. consideration
Now I'm going to bring up the definition of each word, I have found the law definition for negligence
Coverage: the extent to which something deals with or applies to something else.
(The law definition) Negligence: failure to use reasonable care, resulting in damage or injury to another.
Fraud: wrongful or criminal deception intended to result in financial or personal gain.
Consideration: careful thought, typically over a period of time.
Now the choice would be B: negligence because of the event that happened.
Which scenario best describes purchasing property insurance? mitchell buys insurance to protect his new stereo system from theft. carmen gets insurance to cover a car she recently inherited. lee buys insurance to protect her home in case of fire damage. jake gets insurance after his dog ruins a neighbor’s yard.
The scenario that best describes the purchasing property insurance is Mitchell buying insurance to protect the new stereo system from theft.
What do you mean by Purchase?Purchase refers to acquiring something or to buy something by paying an amount for it.
Purchasing property insurance provides benefits to gain more confidence and security and provide protection if something went wrong.
In the above scenario given, Mitchell bought insurance for the newly purchased stereo system. So, it is the best scenario for describing purchasing property insurance.
Therefore, A is the correct option.
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Answer:
Mitchell buys insurance to protect his new stereo system from theft
Explanation:
Took the test and got it right
What is the formula for the receivables turnover ratio?.
The formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.
What is receivable turnover ratio?The receivable turnover ratio is what measure the number of times over a given period that a company collects its average account.
It is the number of times per year that a business collects its average accounts receivable.
Hence, the formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.
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Which sentence is punctuated correctly?
a. As reported in Forbes, the happiest companies to work for are; Keller Williams Realty, Nike, and Total Quality Logistics.
b. As reported in Forbes, the happiest companies to work for are: Keller Williams Realty, Nike, and Total Quality Logistics.
c. As reported in Forbes, the happiest companies to work for are Keller Williams Realty, Nike, and Total Quality Logistics.
(c) As reported in Forbes, the happiest companies to work for are Keller Williams Realty, Nike, and Total Quality Logistics.
Answer:
im pretty surre its b(mb answer got deleted)
Explanation:
Passerine runs a tapestry shop in Rome, weaving historical images for the tourism industry. Lately, her arthritis has gotten worse, so she brings in several young workers and begins to teach them how to weave her images. Which factor of production did Passerine enhance
Passerine is the owner of the shop and she worked alone for her shop but she have recently hired young workers and is training them.
What is Training?Training is the process of enhancing the skill set of an individual or a group of people, training is of two types on the job training and off the job training.
Passerine is training her new employees, she enhanced the labor factor in her business. The four factors of production are, capital, labor, land and enterprize.
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A large assortment of an item within a product line in a store is referred to as Group of answer choices width of product line. depth of product line. product span. breadth of product line.
A large assortment of an item within a product line in a store is generally referred to as the: B. depth of product line.
What is the depth of product line?The depth of product line can be defined as a large assortment of a particular item within a product line that is being sold in a store or business firm.
This ultimately implies that, a large assortment of an item within a product line in a store is generally referred to as the depth of product line such as different kinds of shoes.
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What two federal government agencies are tasked with and take the lead in protecting the consumer and enforcing federal rules breanly
The Federal Trade Commission has two agencies where one bureau called as Bureau of Consumer protection and another bureau is called as Bureau of Competition, which is entrusted with protecting consumers and implementing the federal rules.
What is FTC?
FTC stands for Federal Trade Commission which is an independent authority established in the US country. Its main aim is to safeguard the consumers and initiates healthy competition in the market.
The Bureau of Consumer Protection (BCP) is accountable for providing safeguards to consumers from any kind of fraudulent and unfair trade practices. The Bureau of Competition (BC) is responsible for creating healthy competition between industries working in the market.
Therefore, FTC has tasks of consumer protection and enforcement of rules which are fulfilled by their two agencies.
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In any business, funds come into and go out of a business. What business function acquires funds for the firm and then manages those funds on a day-to-day basis?.
Answer:finance
Explanation:
A financial plan is made up of five expenditures that detail the basic standards for starting a business, the investments you'll need to make, and how you intend to finance them. This allows you to determine the viability of your business idea.
What is the financing mix?The financing mix is thus the combination of debt and capital that a firm employs to achieve its goal of maximizing the firm's value. A firm will operate to maximize shareholder wealth, and in order to do so, a proper financing mix must be implemented.
First, a company can reinvest net operating earnings to stabilize operations or fund expansion. Second, a company can borrow money to cover operational losses or to expand its operations. Finally, a company can fund its operations and growth by issuing equity capital.
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In general, when market expectations indicate a non-credible peg, or when the costs of the peg are not greater than the benefits of pegging, what will be the equilibrium situation
When market expectations indicate a noncredible peg, the equilibrium situation will depreciate. to peg.
What is equilibrium in economics?Equilibrium is a condition where there is balance in economic forces.
The reason why equilibrium situation will depreciate in the given case is because the benefits from the peg is now lower than the cost.
Therefore, equilibrium will either shift right or left to annul changes in economy.
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_____ is a broad set of communication activities used to create and maintain favorable relations between the organization and its public.
"Public Relation" is a broad set of communication activities used to create and maintain favorable relations between the organization and its public.
What do you mean by Public Relation?Public relations are the activities that an organization engages in to promote its image in the eyes of the public.
It involves deliberate actions that create good relationships between the public and the organization. Public relations is all about creating a good reputation for the company.Public relations is done through unpaid media messages.
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