Answer:
Dieker Company
Job Cost Sheet of
Job1 Job2 Job3
Materials $970 $ 1520 $ 810
Factory Labor $2390 $ 1730 $1560
General Factory
Indirect material $ 660 $ 660 $ 660
Indirect labor $ 1920 $ 1920 $ 1920
Total $ 5940 $5830 $ 4950
Cost of Job 1
Materials $ 970
Factory Labor $ 2390
G. Factory $ 2580
Total $ 5940
Cost of Job 2
Materials $ 1520
Factory Labor $ 1730
G. Factory $ 2580
Total $ 5830
Cost of Job 3
Materials $ 810
Factory Labor $ 1560
G. Factory $ 2580
Total $ 4950
The job cost sheets for Job 1, Job 2, and Job 3 are $3,360, $3,250, and $2,370 respectively, calculated as the sum of each job's raw materials and labor costs.
Explanation:This is about preparing job cost sheets. Here's how to do it for each of the three jobs.
Job 1
Raw materials: $970
Labor: $2,390 Total cost: $3,360
Job 2
Raw materials: $1,520
Labor: $1,730
Total cost: $3,250
Job 3
Raw materials: $810
Labor: $1,560
Total cost: $2,370
Each of these totals represents the combined cost of raw materials and factory labor assigned to each job. General factory use costs are typically not assigned to specific jobs but are accounted as overheads.
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Which of the following NOT a reason firms are expanding their supply bases to include foreign suppliers?a. Lower product costb. Lower shipping rates due to lower tariffsc. Better product qualityd. Overseas supplier holding the patent to the product
Answer:
The answer b. Lower shipping rates due to lower tariffs
Explanation:
Lower overall product cost is a reason for engaging in international trade
a. Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpetual inventory system and the gross method
Mar. 3 Purchased $1,150 of merchandise made from recycled material from GreenWorld Company with credit terms of 2/15, n/60, invoice dated March 3, and FOB shipping point.
4 Paid $75 cash for shipping charges on the March 3 purchase.
5 Returned to GreenWorld unacceptable merchandise that had an invoice price of $150.
18 Paid GreenWorld for the March 3 purchase, net of the discount and the returned merchandise.
19 Purchased $425 of fair trade merchandise from PeopleFirst Corp. with credit terms of 1/10, n/30, invoice dated March 19, and FOB destination.
21 After negotiations, received from PeopleFirst a $25 allowance (for scuffed merchandise) toward the $425 owed on the March 19 purchase.
29 Sent check to PeopleFirst paying for the March 19 purchase, net of the allowance and the discount.
Answer:
Following is given a solution for your question as required.
I hope it will help you a lot!
Explanation:
Based the appropriate journal entries to record the transactions are:
Recycled Fashion journal entries
March 3
Debit Merchandise inventory $1,150
Credit Account payable- GreenWorld Company $1,150
March 4
Debit Merchandise inventory $75
Credit Cash $75
March 5
Debit Account payable- GreenWorld Company $150
Credit Merchandise inventory $150
March 18
Debit Account payable- GreenWorld Company $1,000
($1,150-$150)
Credit Merchandise inventory $20
(2%×$1,000)
Credit Cash $980
[$1,000×(100%-2%)]
March 19
Debit Merchandise inventory $425
Credit Account payable-PeopleFirst Corp $425
March 21
Debit Account payable-PeopleFirst Corp $25
Credit Merchandise inventory $25
March 29
Debit Account payable- PeopleFirst Corp $400
($425-$25)
Credit Merchandise inventory $4
[($425-$25)×1%]
Credit Cash $396
[$400×(100%-1%)]
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A job cost sheet is a form prepared for each separate job that records the materials, labour, and overhead costs charged to the job. True or False
Answer:
True
Explanation:Job cost sheet - it is formed that consists of all details related to the job profile like material, overhead cost, etc.
It is considered an important part of the job which keeps an updated accounting record. it includes the manufacturing cost record and it used in the end process to compute and finalized the cost of product and service.
Nielsen gathers consumer insights through a variety of ways, including consumer tracking and panels. Which type of research is Nielsen engaged in during these examples? a Online marketing research b Telephone surveys c Focus groups d Mail questionnaires Causal research
Answer:
D
Explanation:
Mail questionnaires is one of the tools used for gathering consumer information through tracking.
Nielsen engages in consumer research through consumer tracking and panels, collecting data on consumer behavior and preferences to provide consumer insights.
Explanation:Nielsen is engaged in consumer research through methods like consumer tracking and panels. Consumer tracking refers to the collection of data on consumer behavior and preferences through various online platforms, such as website visits and purchases.
Panels involve gathering data from a group of consumers who have agreed to participate in surveys or other research activities. These methods help Nielsen to gather consumer insights and understand consumer behavior, which is crucial for companies to make informed marketing decisions.
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On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,200, terms 3/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 20. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
The journal entries are as follows:
(i) On March 12,
Accounts receivable A/c Dr. $9,200
To service revenue A/c $9,200
(To record the rendered service to Grace hospital)
(ii) On March 20,
Cash A/c Dr. $8,924
Discount allowed A/c Dr. $276
To Accounts Receivable A/c $9,200
(To record the cash received within discount period)
Workings:
Discount allowed = 3% of $9,200
= $276
Preparation of the journal entries
Mar-12
Dr Accounts receivable $9,200
Cr Service revenue $9,200
(To record service revenue)
Mar-20
Dr Cash $8,924
(97%×$9,200)
Dr Discount and allowances $276
(3%×$9,200)
Cr Accounts receivable $9,200
(To record collection from receivables)
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Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed cost. The break-even point in sales dollars is: A. $320,000 B. $16,000 C. $32,000 D. $61,740
Answer:
The break-even point in sales dollars is: C. $32,000
Explanation:
During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed cost.
Contribution margin ratio = (Sales - Total Variable cost)/Sales = ($220,000 - $55,000)/$220,000 = 0.75
The break-even point sales dollars is calculated by using following formula:
Break-even point in sales dollars = Fixed cost/Contribution margin ratio = $24,000/0.75 = $32,000
In 2002, the National Opinion Research Center asked U.S. adult survey respondents to rate the importance of various life transitions and events as indicators or adulthood. _________ was NOT mentioned. Select one: a. Reaching sexual maturity b. Being finished with school c. Being employed full-time d. Being financially independent
Answer:
Option A was not mentioned in the research report. Which most people think is a good measure for setting adultry benchmarks. Almost most boys get sexually mature in the age between 15-17 whereas girls reach sexual maturity in the age range 14-16. In the nutshell saying being finished with high school is same to saying reaching sexual maturity so that's the reason the research report didn't asked this question.
the correct answer us option A.In a 2002 survey by the National Opinion Research Center, significant indicators of adulthood included completing school, being financially independent, and being employed full-time. Reaching sexual maturity was not considered a major milestone of adulthood.
In 2002, the National Opinion Research Center asked U.S. adult survey respondents to rate the importance of various life transitions and events as indicators of adulthood.
The five milestones that define adulthood are completing school, leaving home, becoming financially independent, marrying, and having a child. Among the options given, reaching sexual maturity was NOT mentioned as a significant indicator of adulthood.Daniel, the owner of a bookstore, decides to reinvest his personal profits from the current fiscal year toward renovating the store and expanding its inventory. In the context of owners' equity, the profits that Daniel reinvests in the bookstore are called:
A. bonus shares.
B. retained earnings.
C. current liabilities.
D. equity releases.
Answer:
B. retained earnings
Explanation:
Retained earnings -
It refers to the amount of monetary value left on with any business after paying the dividends to the shareholders , is referred to as the retained earnings .
The amount left with the company can be used to reinvest for any other new project , in order to expand the business .
The earnings can be positive as well as negative .
Hence , from the given scenario of the question ,
Daniel uses his retained earnings in order to expand his business .
Write two paragraphs explaining each of the parties’ point of view - Lauren's as well as the CEO's. Explain your final decision on whether or not to go through with the sale as well as WHY this is your decision.
Final answer:
In this case, the final decision has already been made by Lauren to agree to the new terms proposed by Bart's. As the CEO, Jimmy Cricket should address the issue with Lauren and have a discussion about the importance of group decision-making. While it is understandable that Lauren wanted to save time and effort by making the decision on her own, it is crucial for the CEO to emphasize the value of collective decision-making in order to consider different perspectives, mitigate risks, and ensure that the company's best interests are protected. The CEO should emphasize the need for team collaboration and the importance of discussing potential risks, such as Bart's payment history, to make informed decisions that align with the company's goals and objectives.
Explanation:
--Lauren's point of view:
Lauren, as an employee, is likely to focus on the potential benefits and opportunities that the new ride can bring to the amusement park. She may see it as a way to attract new customers and increase ticket revenue. Lauren may also believe that the ride would enhance the overall experience of the park, leading to positive word-of-mouth and customer satisfaction. From her perspective, investing in the new ride could be a way to stay competitive in the market and keep the park exciting for visitors.
--The CEO's point of view:
The CEO, on the other hand, has the responsibility to make strategic decisions that will ensure the financial stability and success of the amusement park. The CEO may take a more cautious approach and consider the financial feasibility of the investment. They will carefully analyze the costs, such as the purchase cost of the ride, the annual operating costs, and the potential increase in revenue. The CEO will also factor in the useful life of the ride and the salvage value. They will weigh the potential benefits against the financial risks and assess whether the investment aligns with the long-term goals of the park.
--Final decision and reasoning:
Based on the information provided, it is difficult to make a definitive decision on whether or not to go through with the sale. Further analysis is needed to evaluate the potential additional ticket revenue that the ride would generate. Additionally, other factors, such as market trends, competition, and customer preferences, should be considered.
However, if we assume that the additional revenue generated by the ride is sufficient to cover the costs and provide a positive net present value (NPV), it could be a viable investment. A positive NPV indicates that the present value of the cash inflows exceeds the initial investment, making it an attractive opportunity.
The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:
Food and beverages 17.8%
Housing 42.8%
Apparel and upkeep 6.3%
Transportation 17.2%
Medical care 5.7%
Entertainment 4.4%
Other goods, and services 5.8%
Total 100.0%
Suppose that since the base year, the prices of food and beverages have increased by 10 percent, the price of housing has increased by 5 percent, and the price of medical care has increased by 10 percent. Other prices are unchanged.
Instructions: Enter your responses by rounding the CPI to three decimal places.
The CPI for the current year is ____.
The Consumer Price Index (CPI) for the current year is calculated by adjusting the base-year expenditure percentages by the change in prices and then summing these adjusted percentages. The resulting CPI for the current year, rounded to three decimal places, is 104.490.
Explanation:The question involves calculating the Consumer Price Index (CPI) for the current year based on the given expenditures of the typical consumer and the percentage increases in certain categories. To calculate the CPI, we multiply the base-year expenditure percentages by the corresponding increase in prices, if any, and then sum up the adjusted expenditures.
Food and beverages: 17.8% * (1 + 10%) = 17.8% * 1.10 = 19.58%Housing: 42.8% * (1 + 5%) = 42.8% * 1.05 = 44.94%Apparel and upkeep: 6.3% * (1 + 0%) = 6.3%Transportation: 17.2% * (1 + 0%) = 17.2%Medical care: 5.7% * (1 + 10%) = 5.7% * 1.10 = 6.27%Entertainment: 4.4% * (1 + 0%) = 4.4%Other goods and services: 5.8% * (1 + 0%) = 5.8%Add the adjusted expenditures to find the CPI for the current year: 19.58% + 44.94% + 6.3% + 17.2% + 6.27% + 4.4% + 5.8% = 104.49%. The CPI for the current year is 104.490, rounded to three decimal places.
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You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margin of 19%. How do you explain this to owner Penelope Hassey?
1)For every $19 in sales, $100 ended up in Net Income.
2)For every $100 in sales, $19 ended up in Net Income.
3) 19% of Net Income was generated by Profit Margin.
4) 19% of sales were generated by Net Income.
Answer:
2)For every $100 in sales, $19 ended up in Net Income.
Explanation:
The Profit Margin is determined as the ratio between net income and revenue.
In Penelope's Candy Store, revenue is given by the gross amount received from sales. The net income is the amount that remains from sales after taxes and expenses are deducted.
Therefore, a 19% profit margin means that for every $100 in sales, $19 ended up in Net Income.
Equipment with an estimated useful life of 4 years and an estimated residual value of $1,000 is acquired at a cost of $12,000. Using the double-declining-balance method, what is the amount of depreciation for the first year of use of the equipment?
Answer:
$6,000
Explanation:
Depreciation expense using the double declining method = Depreciation factor × cost of asset
Deprecation factor = 2 × (1/useful life of asset) = 2/4 = 0.5
Depreciation expense = 0.5 × $12,000 = $6,000
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Which of the following is not an advantage of mutual funds?
a. They offer a variety of investment styles. They treat income as "passed through" to the investor for tax purposes.
b. They offer small investors the benefits of diversification.
c. All of the options are advantages of mutual funds.
d. None of the options is an advantage of mutual funds.
Final answer:
All the options provided (investment styles and tax treatment, diversification benefits) are advantages of mutual funds; however, not mentioned is the drawback of costs like management fees which can reduce net returns. The correct answer is that all provided options are advantages of mutual funds.
Explanation:
Mutual funds are popular investment vehicles that offer specific advantages to their shareholders. One of the central benefits is diversification, which refers to the spreading of investment risk by holding various types of assets. This helps to mitigate the impact of any single asset's poor performance on the overall portfolio. Mutual funds are also known for providing convenient access to professional management, which is beneficial to investors who may lack the time or expertise to manage their investments on their own.
Another advantage is liquidity, as mutual funds allow investors to quickly and easily convert their shares into cash. However, the answer to the student's question regarding the non-advantage of mutual funds is not listed among the options provided. All the provided options (a. variety of investment styles and tax treatment, b. diversification benefits, and c. all options are advantages) are indeed advantages of investing in mutual funds.
The only potential drawback not mentioned is the costs associated with mutual funds, such as management fees and other expenses, which can reduce the net return to investors. Therefore, in this context, the correct answer would be option c: All of the options are advantages of mutual funds.
One probable reason that the Constitution's framers included very strong wording protecting private property and contracts was __________.
Answer: ...they were invested and had to protect their own wealth.
Explanation:
The constitution's framers of America were founding fathers and visionaries. They designed the America's constitution to endure times and to stand the pressures of being a new country. They also aimed at addressing not only the specific challenges facing the nation during their lifetimes, but they also tried to establish the foundational principles that would lead and guide the young nation into an uncertain future of our days.
A building with a book value of $37,771 is sold for $54,543 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a.$37,771 from investing activities b.$54,543 from investing activities c.$37,771 from investing activities and an addition to net income of $16,772 d.$54,543 from investing activities and a deduction from net income of $16,772
Answer:
b.$54,543 from investing activities
Explanation:
The disposal of an asset has two effects on the cash flow statement. The first is that the gain/loss from the disposal is recognized in the operating activities segment of the cash flow statement while the cash received from the disposal is recognized as an inflow in the investing activities section of the statement.
As such, where a building with a book value of $37,771 is sold for $54,543 cash, the amount received $54,543 is an inflow in investing activities.
Option b.$54,543 from investing activities
What is the present value of $1,500 due in 14 years at a (a) 5 percent interest rate and (b) 10 percent rate. Explain why the present value is lower when the interest rate is higher.
Answer:
a. $757.60
b. $395.00
Explanation:
We have to applied the present value function which is shown in the attachment
a. Given that,
Future value = $1,000
Rate of interest = 5%
NPER = 14 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $757.60
b. Given that,
Future value = $1,000
Rate of interest = 10%
NPER = 14 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $395.00
It shows a inverse relationship between the present value and the interest rate. The higher the interest rate, the lower is the present value and the lower the interest rate, the higher is the present value.
Final answer:
The present value of $1,500 due in 14 years is approximately $757.58 at a 5% interest rate and approximately $395.03 at a 10% interest rate. The present value decreases as the interest rate increases due to the time value of money concept.
Explanation:
The question involves calculating the present value of $1,500 due in 14 years at different interest rates. To find the present value, we use the formula Present Value = Future Value / (1 + r)^n, where 'r' is the interest rate and 'n' is the number of years until the payment is made.
For a 5% interest rate (a), the calculation is $1,500 / (1 + 0.05)^14 = $1,500 / 1.9799 ≈ $757.58.
For a 10% interest rate (b), the calculation is $1,500 / (1 + 0.1)^14 = $1,500 / 3.7975 ≈ $395.03.
The present value is lower when the interest rate is higher because a dollar in the future is worth less than a dollar today when looking at a higher rate of return. This indicates the time value of money, where the value of money decreases over time when faced with the opportunity to earn interest.
The term "market" in economics refers to A. a legal institution where exchange can take place. B. a place where money changes hands. C. an organization which sells goods and services. D. a group of buyers and sellers of a product and the arrangement by which they come together to trade.
Answer:
D. a group of buyers and sellers of a product and the arrangement by which they come together to trade.
Explanation:
The market is the place at which the buying and selling of goods and services are taken place. It could come via direct contact, indirect contact through agents or brokers.
It is a trading of goods and services where the seller can able to sell the products and the buyer can buy the products that satisfy its needs and wants so that he or she could get the maximum satisfaction after consuming the product
Wen's Noodles wants to increase the quantity of noodles that it sells by 20 percent. The price elasticity of demand for noodles sold by Wen's Noodles is 3.8. What is the percentage price cut that will achieve the firm's objective?
Answer:
5.26%
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
3.8 = 20% / percentage change in price
20/3.8 = 5.26%
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Susan could consider exploring her rights and protections under _____________which is a federal labor law.
Susan could consider exploring her rights and protection under the Family and Medical Leave Act.
Explanation:
• The federal law governing the maternity leave policy in countries like USA is the Family and Medical Leave Act .
• This law states that a woman can take a leave from her job for up-to 12 weeks in case of pregnancy or adoption.
• In simple, words the women can return back to her job after 12 weeks and she is cannot be penalized by her employer for taking leave.
• This act is applicable to only those employees who have been working in the organisation for more than an year and the organization has employed more than 50 peoples
Organizations have three levels of management: first-line, middle, and top. Each of the managers at these levels has different levels of skills and responsibilities. First-line managers are generally responsible for the daily supervision of nonmanagerial employees and are often called supervisors. Middle managers generally oversee first-line managers and report to top managers. Middle managers ensure that organizational goals are being met by devising the best way to organize resources. Top managers are responsible for all departments and determine organizational goals and how departments achieve goals. The top management team is responsible for ensuring good working relationships among the top managers.
Management is of three levels. managerial, middle and top level management.
Explanation:
levels of management can be defined as a part of an organization that maintains responsibility for the overall productivity and the work performance of employees.
Managerial or top level management consists of board of directors. It also consists of the board of directors. Executive or middle level management consist of line or department managers and in this level mostly the managers report top the top level management. next lowest level is the operative or supervisory level management.
Thus mostly consists of supervisors, first line managers. It comes under the organisational hierarchy of a company. top management is responsible and controls the entire organisation.
Two countries can each produce clothing and computers.
If the two countries decide to specialize and exchange then all consumers, workers, and firms will benefit and experience gains from trade.
True or False?
Answer:
True
Explanation:
International trade refers to buying and selling of goods by a country beyond it's domestic geographical boundaries.
When a country decides to produce those goods in which it specializes and decides to exchange in trade for other goods, it stands to gain from such trade.
A country should focus on production of those goods in which it holds a comparative advantage. For example, if Ghana specializes in cocoa production and Brazil specializes in wheat production, both can benefit if each decides to produce as per it's comparative advantage and trade the rest.
Salaries Expense before adjustment at September 30, the end of the fiscal year, has a balance of $140,000. The amount of accrued salaries is $3,100. The closing entry (after adjustments) would be:
Answer:
income summary 143,100 debit
salaries expense 143,100 credit
Explanation:
The company will do an adjusting entry to reocrd the expense for the accrued but not payed salaries of the year:
salaries expense 3,100 debit
salaries payables 3,100 credit
Thus, the total slaries expense for the year would be:
140,000 + 3,100 = 143,100
To close we will leave the expenses balance at zero thus, we will credit this amount against an auxiliary account called income summary.
Hope receives an $18,500 scholarship from State University. The university specifies books, supplies, and equipment, while $10,000 is for room and board. In addition, Hope w campus library and earns $5,000. What is Hope's gross income?
Answer:
Hope's gross income = $5000 + $10,000 = $15,000
Explanation:
First, we need to highlight what are qualified education expenses especially for tax-free fellowships and scholarships.
Specifically, the qualified expenses that will be tax exempt will be
The tuition and fees which are requirements to go to an eligible school or institution
Other course related expenses required for courses in such institutions such as books equipment and supplies are also tax exempt.
However, room and board, research travel and other expenses that are not required for courses in the institution are not tax free
Based on this analysis:
Hope's initial earning on campus = $5000
However, $10,000 spent on room and board are not required for enrolment in the school, hence, it will be added to the earnings to make the gross income
Hope's gross income = $5000 + $10,000 = $15,000
Final answer:
Hope's gross income is calculated by adding the taxable portion of her scholarship assigned for room and board ($10,000) to her earnings from working at the campus library ($5,000), totaling $15,000.
Explanation:
Hope's gross income can be calculated by adding her earnings from work to the taxable portion of her scholarship. The scholarship funds allocated to room and board are typically considered taxable income by the IRS. Therefore, from her $18,500 scholarship, $10,000 for room and board is taxable. The remaining $8,500, specified for books, supplies, and equipment, is usually tax-free if it is a requirement for enrollment or attendance at the educational institution. Additionally, the money Hope earns from working at the campus library is considered earned income and is taxable. Thus, her gross income is the sum of her earnings from work ($5,000) and the taxable part of her scholarship ($10,000).
Total Gross Income = Taxable Scholarship Funds + Earnings from Work
Total Gross Income = $10,000 (for room and board) + $5,000 (from working) = $15,000
An index has a market value of $689,400 at the beginning of the period and $722,009 at the end of the period. If you want the beginning index value to be 100, what is the ending index value?
Answer:
The ending index value is 104.73
Explanation:
we will simply divide the end of the period value over the beginning of the period and then multiply by 100 to get the ending period index.
722,009 / 689,400 x 100 = 104,73
The following periods will also be converted into a price index considering the base year. We will not use the previous year base price.
What is the duration of a two-year bond that pays an annual coupon of 10.8 percent and has a current yield to maturity of 13.3 percent? Use $1,000 as the face value. (Do not round intermediate calculations. Round your answer to 4 decimal places. (e.g., 32.1616))
Answer:
Explanation:
Year cash flow at 10.8% PV of cash flow at 13.3% discount PV X time
1 108 95.3222 95.3222 x 1
2 1108 863.1374 863.1374 x2
Total 958.4596 1821.597
Duration of bond = 1821.597 / 958.4596
= 1.9 year
The duration of the two-year bound that pays the annual coupon of 10.8% is 1.9 years.
What is present value?The value in the present of a sum of money, in opposition to some future value it will have when it has been invested at compound interest.
Computation of duration:
given,
Annual coupon rate = 10.8%,
Maturity rate = 13.3%, and
Face Value = $1,000.
Cash flow for the 1st year would be:
[tex]\text{Cash Flow} =\text{Face Value}\times\text{Annul Coupun Rate}\\\\\text{Cash Flow} =\$1,000\times\dfrac{10.8}{100}\\\\\text{Cash Flow} =\$108.[/tex]
Then the present value would be:
[tex]\text{Present Value} =\dfrac{ \text{Future Value}}{(1+i)^n}\\\\\\\text{Present Value} =\dfrac{\$108}{(1+13.3\%)}\\\\\\\text{Present Value} = 95.3222.\\[/tex]
For the second year:
[tex]\text{Cash Flow} =\text{Face Value}\times\text{Annul Coupun Rate}\\\\\text{Cash Flow} =(\$1,000+\$108)\times\dfrac{10.8}{100}\\\\\text{Cash Flow} =\$1108.[/tex]
Then the present value at the end of 2 years would be:
[tex]\text{Present Value} =\dfrac{ \text{Future Value}}{(1+i)^n}\\\\\\\text{Present Value} =\dfrac{\$1,108}{(1+13.3\%)}\\\\\\\text{Present Value} = 863.1674.[/tex]
Then the duration of the bond would be:
[tex]\text{Duration Of Bound}= \dfrac{(95.3222\times1)+(863.1374\times2)}{(95.3222+863.1374)}\\\\\text{Duration Of Bound}=1.9 \text{Years}.\\[/tex]
Therefore, the duration of the bound would be 1.9 years.
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An assumption that makes an economic model simpler without affecting its conclusions in important ways is A. an indication of a positive assumption B. an efficient assumption C. useful in disguising the valid conclusions D. a simplifying assumption E. a critical assumption
Answer:
An assumption that makes an economic model simpler without affecting its conclusions in important ways is, D. simplifying assumption.
Explanation:
Every economic model begins with assumptions about the world. There are two types of assumptions in a model: simplifying assumptions and critical assumptions. A simplifying assumption is just what it sounds like—a way of making a model simpler without affecting any of its important conclusions.
Answer:
D
Explanation:
A simplifying assumption is a way of making a model simpler without affecting any of its important conclusions. The purpose of a simplifying assumption is to rid a model of extraneous detail so its essential features can stand out more clearly. We might assume that there are only two goods that households can choose from or that there are only two nations in the world. We make
such assumptions not because they are true, but because they make a model easier
to follow and do not change any of the important insights we can get from it.
Jiminez, Inc., had the following transactions during the month of March 2015. Prepare an income statement based on this information, being careful to include only those items that should appear in that financial statement. 1. Cash received from bank loans was $10,000Revenues earned and received in cash were $9,850. 3. Dividends of $4,000 were paid to stockholders. 4. Expenses incurred and paid were $5,465
Based on the information given the income statement for Jiminez Inc is: $4,535.
Income statement:Income statement=Revenues -Expenses
Jiminez, Inc. Income Statement for the month ended March 2015:
Revenue earned and received $10,000
Less Expenses incurred and paid $5,465
Net income $4,535
($10,000-$5,465)
Inconclusion the income statement for Jiminez Inc is: $4,535.
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Why has the HRM function increased in stature and influence in many organization and How has increased globalization influenced the way HRM is practiced in the United States?
Explanation:
Globalization at the organizational level can be understood as the integration of all systems that make up a company, including the macro environment.
Understanding the concept of globalization in business makes it possible to understand that the company to be successful in a foreign market must align its strategy in order to conquer the local market, it is important to carry out research and development to understand what the target audience of certain region wants to consume, in addition to respecting the culture, behavior and values of each region.
Currently, in globalized companies, the focus of HRM is to ensure that the company receives new employees and that existing employees have a global posture that prioritizes respect, ethics, company identity, culture and is flexible and open to work in a company that adopts global management, where there are important interactions with other countries for the success of the business.
The HRM function has increased in stature and influence in organizations due to factors such as the shift to service industries, globalization, and reduced desire for unions. Increased globalization has influenced HRM practices in the United States by requiring strategies to attract and retain talent internationally and accommodate diverse workforces.
Explanation:The HRM function has increased in stature and influence in many organizations due to several factors. First, with the shift from manufacturing to service industries, human resources have become more vital to ensuring efficient and effective operations. Additionally, globalization and increased competition from foreign producers have made it necessary for organizations to have knowledgeable and skilled HR professionals who can navigate the complexities of managing a global workforce. Lastly, workplace protection laws and a reduced desire for unions have placed more responsibility on HRM to ensure compliance and employee satisfaction.
Increased globalization has influenced the way HRM is practiced in the United States. With multinational corporations expanding their operations globally, HRM departments have had to develop strategies to attract and retain talent in a highly competitive international labor market. They also have to consider cultural differences and develop HR policies and practices that accommodate diverse workforces. Additionally, HRM professionals need to stay updated on international labor laws and regulations to ensure compliance when operating in different countries.
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First Among Best Solar Inc. announces thatthey will take back free of cost, all of their solar panels that are no longer useful. Till now, the cost of disposal was significant. This action reduces___________.
Answer:
Total Cost of ownership
Post ownership cost
Explanation:
Total cost of Ownership is the the sum of all the amount spent on an item,which includes the cost of purchase,servicing,repair, disposal etc. It is a management tool adopted by marketers and financial analyst to help determine the total costs associated with an item.
Post ownership cost is the total amount involved in disposal of an item,it also include the salvage costs of the item and more recently some other cost like environment costs, liability cost etc.
When the company takes back the panel it will reduce both of Total cost of ownership and Post ownership cost.
Final answer:
First Among Best Solar Inc.'s new policy of taking back old solar panels for free reduces the lifetime cost and lowers economic barriers for customers, potentially making solar energy adoption more appealing due to reduced total cost of ownership.
Explanation:
First Among Best Solar Inc. has announced a significant policy change by offering to take back their solar panels at no extra cost once they are no longer useful. This action reduces the overall lifetime cost of solar panel ownership for their customers. Previously, the disposal of solar panels could involve a significant cost, potentially adding financial burden on the solar panel owners at the end of the panel's life cycle.
One of the challenges in the adoption of solar energy is the high upfront cost associated with purchasing and installing solar panels. While the cost of solar energy has become more competitive over the years, especially when considering that the fuel cost is zero, these upfront costs still present a significant barrier for many potential customers. First Among Best Solar Inc.'s policy to take back solar panels free of charge effectively reduces the total cost of ownership, making the option to invest in solar energy more accessible and financially attractive.
In addition to lowering the economic barrier, the company's initiative can be seen as an environmental commitment. The manufacturing and disposal of photovoltaic (PV) cells involve handling hazardous materials and waste. By offering to take back the panels, the company is potentially reducing the environmental impact, ensuring proper disposal or recycling of these materials. This also aligns with the environmental benefits of solar power, which are generally low-impact, especially when compared with fossil fuels, despite the challenges such as intermittency and the need for maintenance and periodic battery replacement.
In a single sentence, contrast microeconomics and macroeconomics. Next, categorize each of the following issues as a microeconomic issue, a macroeconomic issue, or not an economic issue. (See page 3.) a. The national unemployment rate b. The decision of a worker to work overtime or not c. A family's choice to have a baby d. The rate of growth of the money supply e. The national government's budget deficit f. A student's allocation of study time across two subjects
Answer:
a. Macroeconomics
b. Microeconomics
c. Not an economic issue
d. Microeconomic
e. Macroeconomic
f. Not an economic issue
Explanation:
Microeconomics is the kind of economics, which deals with the study of the decision making, that is undertaken by the firms or the individuals. Whereas the Macroeconomics is also kind or type of economics, which deals with the study of behavior of the whole economy.
a. Rate of national unemployment- It dealt with the economy as a whole. So, it is concerned with the Macroeconomics.
b. Decision of worker to work overtime - It deal with the decision making of the worker. So, it is concerned with the Microeconomics.
c. Choice of family having a baby - It is related to the family, it will not be considered as an economic issue.
d. Growth rate of the money supply - It deal with the decision making of the money supply. So, it is concerned with the Microeconomics.
e. Budget deficit - It dealt with the economy as a whole. So, it is concerned with the Macroeconomics.
f. Student allocation of study - It is related to the student life, it will not be considered as an economic issue.
Microeconomics deals with economic activity at an individual level, while macroeconomics is concerned with larger, national or global economic factors. The national unemployment rate, growth rate of the money supply, and national budget deficit are macroeconomic issues. While decisions concerning overtime, having a baby, and how a student allocates study time are examples of microeconomic issues.
Explanation:Microeconomics focuses on the behaviour of individual households and firms, while macroeconomics deals with economic factors on a wider, national or global scope.
Now, let's categorize the issues:
The national unemployment rate and the rate of growth of the money supply are macroeconomic issues because they deal with economic factors at the national level. The decision of a worker to work overtime or not, a family's choice to have a baby, and a student's allocation of study time across two subjects are considered microeconomic issues as they relate to individual decision making.The national government's budget deficit is also a macroeconomic issue as it involves fiscal policies and its national implications.Learn more about Microeconomics and Macroeconomics here:https://brainly.com/question/33034197
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