This picture of gas stations BEST illustrates which aspect of a market economy?
A
credit
B
competition
с
interest rates
D
opportunity cost

Answer:

$5,200

Explanation:

Based on the information given we were told that the company estimated that the Allowance for Doubtful Accounts ending balance should be the amount of $5,200 which therefore means that the amount that will be reported as UNCOLLECTIBLE ACCOUNTS EXPENSE on its Year 2 income statement by the company will be the estimated Allowance for Doubtful Accounts ending balance of the amount of $5,200.

Answer:

alls you have to do is ask the interne

Answer:

I believe the answer is b

Explanation:

Congress passed so many protections bills throughout the years.

Answer:

B. better than average

Explanation:

It is better because we have advanced in our financial educations, and data reporting. We also advanced in our employment fields. This affects the way it heads because the more people are employed the more people need financial counselors. Frome 2010 we only had a limited number of financial counselors, only 44% of them actually knew what they were doing. Surprisingly before 2010, they actually had more counselors, and by 2010 it fell by 1.9% it may seem small but that's a big number. Know in 2020, we had over 12,098 financial counselors, and 98.7% of them knew exactly what they were doing, the counselor administration reported a spike of 13.908%, this was the most they had seen since 1998. Industries helped this climax change, mainly the automotive and the technological industries. Soon the White House and the OHH made a new administrative group the AFC, basically, this said that if a financial counselor was not an A-certified Financial counselor they were not employed by the U.S.

Answer:

1. ($ in millions)

Dr Pension expense (total) $14

Dr Plan assets (expected return on assets)$4

Cr PBO $16

Cr Net loss—AOCI(current amortization) $2

2 ($ in millions)

Dr Pension expense (total) $10

Dr Plan assets (expected return on assets) $4

Dr Net gain—AOCI(current amortization) $2

Cr PBO $16

($10 service cost + $6 interest cost)

3. ($ in millions)

Dr Pension expense (total) $17

Dr Plan assets (expected return on assets) $4

Cr PBO $16

Cr Net loss—AOCI(current amortization) $2

Cr Prior service cost(current amortization) $3

Explanation:

Preparation of the appropriate general journal entries to record Harrison's pension expense in

1. ($ in millions)

Dr Pension expense (total) $14

($16+$2-$4)

Dr Plan assets (expected return on assets)$4

Cr PBO $16

($10 service cost + $6 interest cost)

Cr Net loss—AOCI(current amortization) $2

2 ($ in millions)

Dr Pension expense (total) $10

($16-$4-$2)

Dr Plan assets (expected return on assets) $4

Dr Net gain—AOCI(current amortization) $2

Cr PBO $16

($10 service cost + $6 interest cost)

3. ($ in millions)

Dr Pension expense (total) $17

($16+$2+$3-$4)

Dr Plan assets (expected return on assets) $4

Cr PBO($10 service cost + $6 interest cost) $16

Cr Net loss—AOCI(current amortization) $2

Cr Prior service cost(current amortization) $3

Answer:

$500

Explanation:

Calculation to determine the adjusted gross income for 2020

Ordinary cash dividend $200

Add Cash prize awarded from a contest $300

Adjusted gross income $500

($200+$300)

Therefore the adjusted gross income for 2020 will be $500

Answer and Explanation:

The computation of the value of P and the value of S is shown below:

For P

The Annual worth of the first cost for the year 3 is $18,899

Now

Annual worth = First Cost(A/P, 10%, 3)

$18,899 = P[0.1(1 + 0.1)^3 ÷ ((1 + 0.1)^3 - 1)]

$18,899 = 0.4021P

P = $46,999

For S

The Annual worth of the salvage value for the year 3 is $6,648

Now

Annual worth = Salvage value(A/F, 10%, 3)

$6,648 = S[0.1 ÷ ((1 + 0.1)^3 – 1)]

$6,648 = 0.30211S

S = $22,005

Answer:

The lum-sum must equal $5,369,009.59

Explanation:

Giving the following information:

First option:

Annual payment= $420,000

Number of periods= 25 years

Interest rate= 6%

First, we need to calculate the future value of the first option using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {420,000*[(1.06^25) - 1]} / 0.06

FV= $23,043,095.04

Now, to determine the lump-sum to receive today, we need to determine the present worth of the annuity:

PV= FV / (1 + i)^n

PV= 23,043,095.04 / (1.06^25)

PV= $5,369,009.59

Answer:

Cost of Goods sold for Planner:

= Goods sold * Cost to produce

= 10,000 * 82

= $820,000

Cost of Goods sold for Schedule:

= Goods sold * Cost of acquisition

= 7,000 * 94

= $658,000

Answer:

1. Accounting rate of return ⇒ Considers operating income but not the time value of money in its analyses.

Accounting rate of return is only concerned with the rate of return made over the life of the asset.

2. Internal rate of return ⇒ The true rate of return an investment earns.

Internal rate of return shows the true rate of investment and it does so by equating the NPV to zero.

3. Net present value ⇒ Compares the present value of cash outflows to the present value of cash inflows to determine investment worthiness.

Net Present value allows us to subtract the present value of outflows from inflows and is a very useful capital budgeting techniques.

4. Payback ⇒ Is only concerned with the time it takes to get cash outflows returned.

Payback period is concerned with the time it would take to pay off the investment. It does not try to convince other titans.

Answer:

Part a

contribution format income statement

Sales                                                      $1,643,400

Less Variable Costs                             ($1,145,400)

Contribution                                            $498,000

Less Fixed Costs                                    ($415,000)

Net Income (Loss)                                    $83,000

Part b

6.00

Part c

See explanation

Part d

See explanation

Explanation:

Contribution Income Statement separates variable costs and fixed costs as shown above.

Degree of operating leverage =  Contribution ÷ Earnings Before Interest and Tax

                                                   = $498,000 ÷ $83,000

                                                   = 6.00

Part c and Part d

Since there is missing information related to these parts here are the explanations.

The expected percentage increase in net operating income for next year.

Calculated by multiplying the percentage change in sales by the degree of operating leverage.

The expected total dollar net operating income for next year.

Simply apply the expected percentage increase calculated in part c to the existing Net Profit

Answer: Responsibility check.

Explanation:

A person's credit report can sometimes tell an employer what they need to know about how the prospective employee can handle responsibility because it shows how the person handles their financial obligations.

For instance, a person who's report shows is in financial distress will not be considered very responsible as opposed to some whose credit report is in good shape. To put it in perspective, would a bank like to hire a teller in financial distress? Chances are very negative for that.

Answer:

cash flow statement

Explanation:

because it determines the inflows and outflows of the business

Answer:

1,100 units; 1,050 units

Explanation:

Calculation to determine the equivalent units for direct materials and conversion​ costs, respectively, for​ March

DIRECT MATERIALS CONVERSION COSTS L

Completed and transferred out

1,000 units 1,000 units

(300 units+800 units - 100 units)

Add Work in process, ending

100 units 50 units

(50% Complete*100 units=50 units)

Total equivalent units

1,100 units 1,050 units

Therefore the equivalent units for direct materials and conversion​ costs, respectively, for​ March will be 1,100 units; 1,050 units

Answer:

Dirty price of the bond = $10,098.63

Explanation:

Clean price = $10,000

Accrued interest = F * (C / M) * (D / T) ............... (1)

F = Face value = $10,000

C = Total annual coupon rate = 8%, or 0.08

M = Number of coupon payment per year = 1

D = Days since last payment date = 45

T = Accrual period (Number of days between payments) = 365

Substituting the values into equation (1), we have:

Accrued interest = $10000 * (0.08 / 1) * (45 / 365) = $98.63

Dirty price of the bond = Clean price + Accrued interest = $10,000 + $98.63 = $10,098.63

The dirty price of the bond is $10,098.63.

Since Clean price = $10,000

Now

Accrued interest = Face value * (Coupon rate / coupon payment) * (Days / period)

So,

Accrued interest = $10000 * (0.08 / 1) * (45 / 365)

= $98.63

Now we know that

Dirty price of the bond = Clean price + Accrued interest

= $10,000 + $98.63

= $10,098.63

Hence, we can conclude that The dirty price of the bond is $10,098.63.

learn more about bond here: https://brainly.com/question/24365413

Answer:

(a) January 1

Dr Petty cash $200

Cr Cash $200

B. January

Dr Phone Expense $17.50

Dr Automobile Expense 33

Dr Joseph Levine, Drawing 56

Dr Postage Expense 12.50

Dr Charitable Contributions Expense 15

Dr Miscellaneous Expense 49

Cr Petty cash 183

January 31

Dr Petty cash $183

Cr Cash $183

Explanation:

(a) Preparation of the journal entry to establish a petty cash fund

January 1

Dr Petty cash $200

Cr Cash $200

b. Preparation of the journal entry to replenish the petty cash fund.

January

Dr Phone Expense $17.50

Dr Automobile Expense 33

Dr Joseph Levine, Drawing 56

Dr Postage Expense 12.50

Dr Charitable Contributions Expense 15

Dr Miscellaneous Expense 49

Cr Petty cash 183

($17.50+33+56+12.50+15+49)

January 31

Dr Petty cash $183

Cr Cash $183

($17.50+33+56+12.50+15+49)

Answer:

$166,000

Explanation:

The computation of the 2021 depreciation expense is shown below:

Depreciation expense is

= (Cost - Salvage value) ÷ Useful life

= ($614,000 - $56,000) ÷ 9

= $62000/year

Now  book value as on 2021 is

= (Cost - Accumulated depreciation expense)

= $614,000 - (62000 × 3)

= $424000

Now revised depreciation expense is

= ($424,000 - $92,000) ÷ 2

= $166,000

Answer:

Part a

Unit Product Cost :

Variable Costing = $387

Absorption Costing = $403

Part b

Absorption Costing Income Statement

Sales ($466 x 24,000)                                                          $11,184,000

Less Cost of Sales

Beginning Inventory                                          $0

Add Cost of Goods Manufactured            $11,284,000

Less Ending Inventory                                ($1,612,000)    ($9,672,000)

Gross Profit                                                                             $1,512,000

Less Expenses

Selling and Administrative expenses :

Variable ($21 x 24,000)                               $504,000

Fixed                                                             $336,000         ($840,000)

Net Income (Loss)                                                                   $672,000

Part c

Variable Costing Income Statement

Sales ($466 x 24,000)                                                          $11,184,000

Less Cost of Sales

Beginning Inventory                                          $0

Add Cost of Goods Manufactured            $10,836,000

Less Ending Inventory                                ($1,548,000)    ($9,288,000)

Contribution                                                                            $1,896,000

Less Expenses

Fixed Manufacturing overheads                 $448,000

Selling and Administrative expenses :

Variable ($21 x 24,000)                               $504,000

Fixed                                                             $336,000         ($1,288,000)

Net Income (Loss)                                                                     $608,000

Part d

Reconciliation of Absorption Costing Profit to Variable Costing Profit

Absorption Costing Profit                                                       $672,000

Add Fixed Costs in Opening Inventory                                       $0

Less Fixed Costs in Ending Inventory ($4,000 x $16)           ($64,000)

Variable Costing Profit                                                            $608,000

Explanation:

Variable Costing calculations

Unit Product Cost = Variable Manufacturing Cost

                              = $296 + $57 + $34

                              = $387

Cost of Goods Manufactured (28,000 x $387)  =  $10,836,000

Ending Inventory (4,000 x $387) =  $1,548,000

Absorption Costing calculations

Unit Product Cost = Variable Manufacturing Cost + Fixed Manufacturing Costs

                              = $296 + $57 + $34 + ($448,000 ÷ $28,000)

                              = $296 + $57 + $34 + $16

                              = $403

Cost of Goods Manufactured (28,000 x $403)  =  $11,284,000

Ending Inventory (4,000 x $403) =  $1,612,000

Ending Inventory units

Ending Inventory units = Opening units + Production - Sales

                                      = 0 + 28,000 - 24,000

                                      = 4,000 units

The difference in absorption costing and variable costing net operating income is due to fixed manufacturing costs deferred in ending inventory

Answer: $230,000

Explanation:

Gross profit to be earned from project:

= Construction price - cost of construction

= 6,000,000 - 5,500,000

= $500,000

Percentage of costs incurred in 2017:

= 2,530,000 / 5,500,000 * 100%

= 46%

The Gross profit for 2017 is therefore:

= Percentage of cost incurred * total gross profit

= 46% * 500,000

= $230,000

Answer:

Usage variance=$750

Explanation:

A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite

                                                                                 Pounds

7,800 units should have used ( 7,800× 3)           23,400

but did use                                                               23,100

Usage variance                                                         300      

×    standard price                                                    $2.50    

Usage variance                                                          $750 favorable

Usage variance   =$750                      

Answer:

The rate of return on your investment in euro terms is 56.14%.

Explanation:

Amount invested in euros = 10,000 euros

Amount invested in dollars = Amount invested in euros * Exchange rate at the time of purchase = 10,000 euros * $1.03 = $10,300

Number of shares bought = Amount invested in dollars / Cost price per share in dollars = $10,300 / $120 = 85.8333333333333

Proceeds from sales in dollars = Number of shares bought * Selling price per share in dollars = 85.8333333333333 * $171 = $14,677.50

Proceeds from sales in euros = Proceeds from sales in dollars / Exchange rate at the time of sales = $14,677.50 / $0.94 = 15,614.36 euros

Rate of return in euro terms = (Proceeds from sales in euros - Amount invested in euros) / Amount invested in euros = (15,614.36 - 10,000) / 10,000 = 0.5614, or 56.14%

Therefore, the rate of return on your investment in euro terms is 56.14%.

Answer:

increase; export the good.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Once international trade occurs, a country with a comparative advantage in the production of a good will increase production of the good and export the good.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Answer: 6.17%

Explanation:

When calculating the effective rate of an interest rate being compounded over a number of periods in a year, use the following:

= [ (1 + Nominal rate / Number of periods in a year) ^ Number of periods in a year- 1] * 100%

Number of periods = Compounding is monthly = 12

Effective rate = [ (1 + 6% / 12)¹² - 1 ] * 100%

= 6.17%

Answer:

The correct answer to the question above is OPTION B (The EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration).

Explanation:

Companies (mostly private) usually desire their employees to sign an arbitration agreement giving the fact that it removes the power of an employee to take the employer to court on certain claims instead the claims go through an arbitration proceeding that happens outside of court.

EEOC (Equal Employment Opportunity Commission) enforces the laws of the state that prohibits discrimination against employees by their employers because of where they come from, their religion, their marital status, sex, their citizenship, and a whole lot more.

So, the EEOC can bring a lawsuit enforcement action against Spectacular despite Nemo's agreeing to arbitration because the EEOC itself was not a party to the arbitration agreement between Spectacular and Nemo, and the U. S. Supreme Court gave EEOC the power to exercise its enforcement powers.

Answer:

a. End the call politely.

b. Avoid telephone tag.

c. Leave complete voice mail messages.

d. Be professional and courteous.

Explanation:

In professional connections, it is extremely necessary to adopt a posture that corresponds to the values ​​of the organization to whom you represent. So it is essential that the person who is going to carry out the communication be polite, ethical and courteous. When calling a customer, for example, there needs to be an adequate presentation of his name, the name of the person he wants to talk to and the name of the company that is calling, but it is necessary to avoid a phone tag that makes the call longer, it is I need to be objective to retain attention, and if necessary to leave voicemail messages, these need to be complete and with identification so that the customer can return.

Answer:

Book value= $41,000

Explanation:

Giving the following information:

Purchase price= $121,000

Salvage value= $11,000

Useful life= 11,000 machine hours

First, we need to calculate the depreciation expense for each year using the following formula:

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Year 1:

Annual depreciation= [(121,000 - 11,000) / 11,000]*2,000

Annual depreciation= 10*3,000

Annual depreciation= $30,000

Year 2:

Annual depreciation= 10*2,000

Annual depreciation= $20,000

Year 3:

Annual depreciation= 10*3,000

Annual depreciation= $30,000

Now, the accumulated depreciation:

Accumulated depreciation= 30,000 + 20,000 + 30,000

Accumulated depreciation= $80,000

Finally, the book value at the end of year 3:

Book value= purchase price - accumulated depreciation

Book value= 121,000 - 80,000

Book value= $41,000

Answer:

Remain the same; remain the same.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Natural Rate of Unemployment (NU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Cyclical unemployment rate (CU).

There are different measures used in the measurement of the unemployment rate in a country's economy and these includes;

A. U-1: this is the percentage of people that are unemployed for at least 15 weeks or more.

B. U-2: this is the percentage of the people who have lost their job or the people that finished a temporary job.

C. U-3: this is the percentage of the population that is unemployed but actively seeking employment.

All things being equal (ceteris paribus), the unemployment rate would remain the same and the labor force participation rate remain the same because Matilda has decided to cruise around the country on her motorcycle for a month before she starts looking for work.

Answer:

Miyazaki Company

a. Analysis of transactions:

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off =   $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

b. a) Bad Debt Expense = $18,900

   b) Bad Debt Expense = $14,820

c. Net Realizable Value of Accounts Receivable on December 31:

                                                             a)                      b)

Unpaid balance for the year       $229,500      $229,500

Allowance for doubtful accounts    (18,900)          (14,820)

Net Realizable Value =                $210,600        $214,680

d. The recognition of bad debts expense does not have any direct effect on the net realizable value.  It is the Allowance for doubtful accounts that has a negative effect on the net realizable value.

The write-off of accounts reduces the net realizable value by $3,000.

Explanation:

a) Data and Calculations:

Beginning balances:

Accounts receivable = $105,000

Allowance for Doubtful Accounts = $1,950

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off =   $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

Bad Debts Expense = $18,900 ($630,000 * 3%)

Allowance for Uncollectibles = $13,770 ($229,500 * 6%)

a) Allowance for Doubtful Accounts:

Account Titles               Debit        Credit

Beginning balance                        $1,950

Accounts receivable  $3,000

Bad Debts Expense                      18,900

Balance                       17,850

b) Allowance for Doubtful Accounts:

Account Titles               Debit        Credit

Beginning balance                        $1,950

Accounts receivable  $3,000

Bad Debts Expense                      14,820

Balance                       13,770