The following would best describe that what would happen to the time value at the same nominal annual rate of a cash flow as the number of interest compounding periods increases: The present value would decrease and the future value would increase. The correct option is B.
The impact of compounding is stronger as there are more interest compounding periods. Earning interest through compounding entails earning interest on both the initial capital and the total interest accumulated over time. As a result of the compounding effect, a cash flow's future worth will rise.
In contrast, as the number of compounding periods rises, the present value of a future cash flow falls. This is due to the fact that when the frequency of compounding increases, the discounting of future cash flows back to the present gets more aggressive.
Thus, the ideal selection is option B.
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Increasing compounding periods would cause the present value to decrease and the future value to increase. This is because as compounding periods increase, the interest rate per period decreases which reduces the present value. Conversely, the future value increases because the more often interest is compounded, the greater the future value.
Explanation:The best description of what would happen to the time value at the same nominal annual rate as the number of interest compounding periods increases is option B): The present value would decrease and the future value would increase.
Present value is the current worth of a future sum of money at a specified rate of return. If the number of compounding periods increase, the interest rate per period decreases, resulting in a lower present value. The rationale behind it is that the money receives less interest over each period because it is divided over more periods.
On the other hand, the future value would increase. Future value is the value of a current asset at a future date based on an assumed rate of growth. The more frequently interest is compounded within a time period, the greater the future value of the investment at the end of the time period.
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The economy is in short-run equilibrium when __________. a. aggregate demand intersects short-run aggregate supply. b. short-run aggregate supply intersects long-run aggregate supply. c. aggregate demand intersects long-run aggregate supply. d. aggregate demand intersects both long-run and short-run aggregate supply. e. the economy is at full-employment output.
Answer:
A. aggregate demand intersects short-run aggregate supply
Explanation:
Short run occurs when the amount a firm wishes to supply is equal to the amount demanded from the consumers. It is the area on the graph where the aggregate demand curve intersect with the short run supply curve.
Or, simply put, when the aggregate output supplied is equal to the aggregate output demanded. The equilibrium is made up of equilibrium prices and quantity.
Short-run equilibrium in the economy occurs when the aggregate demand curve intersects with the short-run aggregate supply curve.
The economy is in short-run equilibrium when aggregate demand intersects short-run aggregate supply. This intersection determines equilibrium real GDP and the price level in the short run. In contrast, the intersection of aggregate demand and long-run aggregate supply determines the long-run equilibrium, which corresponds to the economy's potential level of output. The short-run equilibrium can see output levels both below and above potential due to nominal wage and price stickiness. Over time, the economy may adjust to reach long-run equilibrium where full wage and price flexibility is achieved.
A management trainee at an organization with a pyramid structure is unhappy with the way he is treated by his immediate supervisor. Instead of discussing this privately with his supervisor, he complains directly to the senior manager. What is the type of political blunder committed here?
a) Criticizing the boss in a public forum
b) Failing to display loyalty
c) Bypassing the boss
d) Being tactless
Answer:
option c
Explanation:
Bypassing the supervisor or boss , in simple language, means considering hard questions which contradict existing mindsets and providing new ways of working. Yet being a think-tank member and building an image for yourself when reporting to a supervisor who thinks she or he is the room's greatest star is indeed a true challenge-to put it lightly.
The management trainee committed the political blunder of bypassing the boss by complaining directly to the senior manager instead of discussing the issue privately with his immediate supervisor.
Explanation:The type of political blunder committed in this situation is c) Bypassing the boss. By complaining directly to the senior manager instead of discussing the issue privately with his immediate supervisor, the management trainee bypassed the chain of command and undermined the authority of his supervisor. This can create a negative perception of the trainee's loyalty and respect for the hierarchical structure of the organization.
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A logically related set of activities that defines how specific business tasks are performed and represents a unique way in which an organization coordinates work, information, and knowledge is called a(n) __________.
Answer:
a business process
Explanation:
A business process -
It refers to the steps involved to complete a particular task or project in an organisation or company , is referred to as a business process .
It is the set of activities or task , which are followed and performed till the completion of the project .
Hence , from the given information of the question ,
The correct term is a business process .
Consider a simple economy producing 2 goods: coffee and TVs. In 2014 the economy produced 2000 pounds of coffee and 10 TVs. In 2015 the economy produced 1000 pounds of coffee and 12 TVs. The price of one TV was $1,000 in both years while the price of coffee decreased from $6/pound in 2014 to $5/pound in 2015. Based on this information the percentage change in real GDP in chained prices benchmarked to 2015 is:______________
a. -16.5%
b. 22%
c. 16.5%
d. -22.0%
H2O because H2O was water and when it went we really need a water
Organizations can utilize a(n) ________ as an internal corporate communication network that uses Internet technology to link company departments, employees, and databases. A. market intelligence system B. marketing decision support system (MDSS) C. intranet D. marketing information system (MIS) E. database
Answer:
The answer to this question is E.database.
Explanation:
Suppose that you are on a date with an economics major, and you want to impress them by talking about economics. Your date challenges you to state your knowledge of positive and normative questions.
Answer:
The difference between positive and normative questions, is that positive questions have a correct answer, while normative questions have subjective answers. Positive questions ask about how something really is, e.g. what is the GDP per capita in the US? Normative questions ask about how things should be, e.g. Is the US GDP per capita large enough?
Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3. They agree to split the lunch bill evenly. Mason chooses a taco. The marginal cost to Jacob of ordering a burrito instead of a taco is________
Answer:
$1
Explanation:
The marginal cost is the extra costs that are to be incurred for producing an additional units
Provided that
Burritos = $5
Tacos = $3
So, the Total sales price = $8
Now this sales price is split evenly, that means it would be given the $4 to Jacob and the remaining 4 to Mason
So, the marginal cost would be
= $5 - $4
= $1
When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates resources. 2. how companies interest buyers. 3. how producers ship products.4. how economists study trends.
Answer:
1. How the nation allocates resources
Explanation:
Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.
For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.
So the discovery of economic changes will most likely influence how the nation allocates resources.
Answer:
1. How the nation allocates resources
Explanation:
Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.
For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.
So the discovery of economic changes will most likely influence how the nation allocates resources.
A non bottleneck worker currently has an idle time of 20 seconds per unit. Because of the large demand, the company improves the process by adding more capacity to the bottleneck. How does this impact the idle time of the worker?
1. The idle time would decrease.
2. The idle time would stay the same.
3. The idle time would increase.
4. Cannot determine from the given information.
Answer:The idle time would decrease
Explanation:Idle time refers to the time when employees are not doing any particular work but they are still paid for that time in simple terms it refers to an unproductive time of employees. This may be due to things beyond employees control like working with a slow machine may require that the people at the end product must weight for quite some time to have the product reach their side.
What Is a Bottleneck?
A bottleneck refers to congestion that result from being overloaded by so much work , when the work arrives too quickly such than that the production process can't handle it; this result to delays and higher production cost so increasing the capacity of the bottle neck will reduce the waiting time for the non bottle neck workers because this will increase the efficiency of production.
Adding capacity to the bottleneck improves the flow of work, but does not affect the idle time of non-bottleneck workers. Thus, the idle time would stay the same.
Explanation:The idle time of a non-bottleneck worker is affected by the capacity of the bottleneck process. In this case, the company is adding more capacity to the bottleneck. Therefore, there will be more work flowing through the system. However, since the worker in question is not a bottleneck worker, they were already able to handle the workload passing through their station. Improving the bottleneck does not affect the non-bottleneck worker's workload, so their idle time would stay the same. Therefore, the correct answer is 2. The idle time would stay the same.
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The total amount of equity (common stock, additional paid-in capital and retained earnings) that should appear on the balance sheet of the combined companies immediately following the merger should be
Answer:
Equal to the sum of their net assets (whether or not the assets are revalued)
Explanation:
Mathematically, equity equals the total asset of a company, less its total liabilities. This is also referred to the net assets of the company.
[tex]Equity = Total Assets - Total Liabilities[/tex]
However, when two companies are merging, the total assets of the combining companies are usually revalued to reflect their current values and not the historical values usually carried in the books before the merger. In a revaluation, if the value of total assets increases, a corresponding increase will be recorded in Equity (revaluation surplus). This keeps the Equity-Net Assets equation equal at all times.
Thus, when two companies merge, the total amount of equity of the combined companies will equal the net assets of the combined companies, irrespective of whether a revaluation of the assets of the companies was done or not.
Jared told his boss, Maggie, that he is going to start training for the upcoming marathon to be healthier and to have more energy for work. When Maggie asked him about his running history, Jared said, "I really have never run before and don't exercise much. I just know I need to do something." Maggie replied, "You should start slowly, maybe setting smaller, realistic exercise goals that are achievable." Maggie is helping Jared set aA.single-use plan.B.SMART goal.C.standing plan.D.simplistic goal.E. focal point.
Answer:
B. Smart Goal
Explanation:
In Business, Smart goal refers to a type of goal that is:
S-- Specific.
Meaning that it can be clearly defined (not ambigious). In the excerpt above, this goal is to run in the upcoming marathon
M- Measurable
Meaning that that we must have some sort of way to determine whether we achieve our goal or not. From the example above, Jared can do this by measuring the distance that he can improve each day.
A- Attainable
Meaning that The goal is realistic and still within the realm of the possibility.
R- Relevant
Meaning that the goal must be something that considered as an 'improvement' from your current situation.
T -- Time based
Meaning that we must set aside a dead line to finsihed that goal.
Final answer:
Maggie recommends Jared to create SMART goals which are Specific, Measurable, Attainable, Realistic, and Time-bound, starting with manageable exercise routines and gradually increasing intensity. Option B is correct.
Explanation:
Maggie is helping Jared set a SMART goal. This term refers to goals that are Specific, Measurable, Attainable, Realistic, and Time-bound. For Jared, starting with small, realistic targets, such as walking for 15 minutes three times a week, is a good approach. By setting goals that are within his ability and can be easily integrated into his lifestyle, he increases his chance of success. As he progresses in his fitness journey, he can gradually increase the duration and intensity of his exercise to build up to running a marathon.
It is important for Jared to ensure that his goals are not too far out of reach, which could make it unrealistic, like attempting a marathon with minimal initial exercise experience. By setting a SMART goal, Jared creates a clear vision of his destination and can focus on achieving smaller, incremental objectives that lead to his ultimate aim of improving his health and energy for work. Option B is correct.
Eileen, a manager at an international restaurant chain, wants to know if it will be most cost effective to buy 1,000 pounds of sugar in Country X or in Country Y using U.S. dollars. Which of the following is Eileen most likely trying to determine?
A) Purchasing power parity.
B) Economic growth rate.
C) Gross domestic income.
D) Gross national product.
Answer:
A. Purchasing power parity
Explanation:
Purchasing power parity is a techniques that is used to determine the relative value or the exchange rates of currencies.
Eileen is using the purchasing power parity because she is comparing the cost effectiveness of buying a particular product in different countries using the dollar. The exchange rates of the currency of country X and country Y against will determine which country she will buy from.
In a nutshell, Purchasing power parity is a measurement of two currencies by taking the cost of living and inflation differences into account.
What can the Performance Planner assist you with? A. To create an optimized copy of your existing campaign, so that it can be tested with the drafts and experiments tool B. To determine which Google Ads features should be enabled to get the best performance from your campaigns C. To improve return on investment so you can drive more conversions within your target CPA (cost-per-acquisition) D. To analyze the search term report and add both keywords and negative keywords, depending on historical performance
Answer: The correct answer is C). To improve return on investment so you can drive more conversions within your target CPA (cost-per-acquisition)
Explanation: Performance Planner is a tool used in advertising planning. It helps the advertiser to organise bids and budget in order to maximise a specific metric across his campaigns.
The tool helps to drive incremental conversions which is within your target and improve retunr on investment as well.
Ritufa Foods, a food processing company, has collaborated with a nonprofit organization in an initiative to fund salad bars in schools across the country. A small percentage of the money that consumers use to buy products of Ritufa Foods will be given to the nonprofit organization. The money will then be used by the nonprofit organization to fund the salad bars. This partnership with the nonprofit organization is an example of _____.
a. relationship marketing
b. green marketing
c. effect-related marketing
d. cause-related marketing
Answer:
The correct answer is letter "D": cause-related marketing
Explanation:
Cause-related marketing results in the collaboration between a company and a non-profit organization. Usually, the company takes advantage of its position in the market to promote a good or service being introduced by the non-profit organization so its sales increase. Then, the non-profit organization uses the revenues from the sales to fund its humanitarian activities.
Which of the following is a similarity between goods and services? Question 21 options: A) mass production B) Both have quality standards. C) Both can usually be kept in inventory. D) automation E) consistency
Answer:
The correct answer is option B.
Explanation:
Goods are physical and tangible products that are used to satisfy human wants and needs. While services are non-tangible products that are used for the same purpose.
The difference between the two is that is in terms of tangibility. Also, goods can be produced in advance and stored in inventories, unlike services. Services are immediately consumed as produced.
The similarity between the two is that both have quality standards. However, the quality standards of services depend on the expectations before the consumption.
Both goods and services have quality standards.
Explanation:A similarity between goods and services is that both have quality standards.
Quality standards are criteria or measures set to ensure that products or services meet certain expectations or specifications.
For example, a car manufacturer may have quality standards in place to ensure that every car produced meets specific safety, performance, and reliability criteria. Similarly, a service provider, such as a hotel, may have quality standards to ensure that guests are provided with a clean, comfortable, and satisfactory experience.
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Harper Co. incurred an apparently permanent inventory loss from market decline of $840,000 during June year 1. What amount of the inventory loss should be recognized in Harper’s quarterly income statement for the 3 months ended June 30, year 1?
A. $840,000
B. $280,000
C. $210,000
D. $420,000
Answer:
$840,000
Explanation:
The international Accounting Standard 2 postulates that cost be adjusted to the lower of Cost and Net Realizable Value. Hence the value of Stock to be shown has to reflect the FULL REDUCTION IN VALUE to reflect the Net Realizable Value.
Furthermore the transaction occurred in June and must be included in June's financial statement. It is not to be apportioned as the drop in value did not have across periods but in one particular period.
According to the Keynesian framework, ________ may cause a recession, but not inflation. a. a major trading partner's economic slowdown b. a decrease in interest rates c. an increase in domestic investment d. a decrease in a major trading partners export prices
Answer:
a major trading partner's economic slowdown
Explanation:
Unemployment is the main concern in Keynesian framework. It emphasis on the fight against the Unemployment and Inflation. The only event that major trading partner's economic slowdown will only effect the unemployment but not inflation. Decrease in prices and domestice investment is not causes of recession in the economy.
According to the Keynesian framework, a decrease in a major trading partner's export prices may cause a recession, but not inflation.
Explanation:According to the Keynesian framework, a decrease in a major trading partner's export prices may cause a recession, but not inflation. This is because when a major trading partner's export prices decrease, it leads to a decrease in the demand for imported goods, which reduces aggregate demand in the home country. This decrease in aggregate demand can lead to a recession, but it does not directly cause inflation.
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Kidzo Inc., a toy car company, has several groups in its manufacturing unit dedicated to do different tasks. For example, it has a group that makes toy car wheels, another group that takes care of the contour of cars, and a separate group that assembles all the parts together. In this scenario, Kidzo uses a _____.
Kidzo Inc uses a manufacturing process called Cellular manufacturing.
Cellular manufacturing is a process where the production equipment is grouped together and used for the sequential production of a set of parts that have similar characteristics.
This process of manufacturing is used in lean manufacturing operation with aim of preventing waste from the production processIn conclusion, Kidzo Inc uses a manufacturing process called Cellular manufacturing
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Elena, an employee at ABC Marketing, has observed misconduct at work and wonders if she should report it. In the end she decides not to do so because of the possible repercussions at work. Which of the following has determined the Elena's action?
a. Organization factors
b. Individual factors
c. Opportunity
d. Control issues
e. Corporate culture
Answer:
a. Organization factors
Explanation:
Elena has decided not to report the incident at work because of the possible repercutions that doing so may have inside the organization enviroment (or work enviroment).
She is considering the organization factors before the individual factors that may motivate her to report the incident (such as morality, ethics, or personal desire).
Why should campaigns with different marketing objectives be separated into different Performance Planner plans?1. So that spend is not reallocated between two different marketing objectives2. To avoid any potential keyword duplicates between different marketing objectives3. So that seasonal trends can be better identified for each individual marketing objective4. To prevent campaigns from becoming "Limited by Budget"
Answer:
1) So that spend is not reallocated between two different marketing objectives
Explanation:
When you determine the objectives or goals of any type of activity, you must be sure that they are measurable and you can decide if they were successful or not.
If a company has two different marketing campaigns with two different objectives or goals, you will need a cost benefit analysis in order to be able to measure how successful each campaign was.
For example, marketing campaign A increased product's A sales by $100,000, but its total cost was $80,000. On the other hand, campaign B increased product's B sales by $200,000 and its total cost was $40,000. Since campaign B generated higher sales per dollar invested, then it was more efficient.
If one firm has a higher total debt to total capital ratio than another, we can be certain that the firm with the higher total debt to total capital ratio will have the lower TIE ratio, as that ratio depends entirely on the amount of debt a firm uses.True / False.
Answer:
True
Explanation:
Total debt to total capital ratio, also known as D/C ratio is a ratio that measures a company's capital structure, financial solvency, and degree of leverage, at a particular point in time.
While the Times Interest Earned (TIE) is a ratio which measures the ability of an organization to pay its debt obligations.
So A company with high debt-to-capital ratios, compared to a general or industry average, may show weak financial strength and hence would have a lower ability to pay its debt obligations one which the TIE ratio measures.
Ivan is the founder of a firm producing self-driving vehicles. Because the industry is so new and chaotic, Ivan favors a top-down strategic planning approach in which he exerts strong control over all aspects of the business, from product development and design to manufacturing and marketing. What is wrong with this scenario?
a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.
b. The top-down approach can only be applied to specific business functions.
c. The top-down approach leaves other employees uncertain about their roles in the company.
d. The top-down approach is expensive to maintain, leaving the company at a competitive disadvantage.
Answer:
a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.
Explanation:
The top-down approach is a model in which there is a hierarchical style and the decisions are made by the manager and then informed down the organizational chart and the lower levels have to accept the decisions. In this approach, people in the lower levels have low participation and influence on the decisions and as the firm's industry is changing too much, this people would posses crucial information and specialized knowledge that the top level might not have and because of that, this approach might not be effective. According to that, the answer is that this scenario is wrong because the self-driving vehicle industry is changing too much for the top-down approach to be effective.
Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a: a. Credit to revenue. b. Debit to investments. c. Credit to common stock. d. Credit to retained earnings.
Answer:
c. Credit to common stock.
Explanation:
Usually it's the credit to common stock in an amount equal to the par times stocks issued with the rest credited to Paid-in capital in excess of par.
Martin transfers real estate with an adjusted basis of $260,000 and fair market value of $350,000 to a newly formed corporation in exchange for 100% of the stock. The corporation assumes the liability on the transferred real estate in the amount of $300,000.
If amount is zero, enter "0".
Martin has a recognized gain on the transfer of $ and a basis of $ for his stock.
Answer:
Martin has a recognized gain on the transfer of $40,000 and a basis of $0 for his stock.
Explanation:
Martin's gain = liability assumed on the real estate transfer - real estate basis = $300,000 - $260,000 = $40,000
Martin's basis for his stock = real estate basis + recognized gain - liability assumed on the real estate transfer = $260,000 + $40,000 - $300,000 = $0
In this case the corporation assumed a liability, and the basic accounting equation is:
assets = liabilities + equity
If the liability's value offset the asset value, then there is no increase in equity.
) Which of the following statements about "open-perils" coverage is (are) true?
I. All losses are covered except those losses specifically excluded.
II. The burden of proof is on the insured to prove that a loss is covered.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer:
A is the answer
Explanation:
The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. each firm produces a different product from other firms. c. a small number of firms are acting strategically. d. each firm takes the market price as given.
An oligopolistic market is characterized by a small number of firms strategically acting, having mutual interdependence and likely leading to strategic behavior and game theory in decision-making.The correct option is C.
Explanation:The key feature of an oligopolistic market is that a small number of firms are acting strategically. In an oligopoly, few firms dominate the market and each one is aware of the others' actions and decisions.
They strategically make decisions considering the reactions of the rival firms, like pricing and output level. This mutual interdependence often leads to strategic behavior and game theory in decisions related to price and output.
Hence, option C is correct. Options A, B, and D are characteristics of monopoly, monopolistic competition, and perfect competition markets respectively.
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An oligopolistic market is characterized by a small number of firms that make strategic decisions based on the actions of other firms in the market. These markets are characterized by high barriers to entry and can exhibit characteristics of both monopoly and perfect competition. Firms within an oligopolistic market may choose to behave like perfect competitors or collude and behave like a monopoly to maximize profit.
Explanation:The key feature of an oligopolistic market is that a small number of firms are acting strategically. The term oligopoly refers to a market structure wherein a small number of large firms dominate most or all of the sales in an industry. Examples of oligopoly abound and include the auto industry, commercial air travel, and the U.S. soft drink industry. These firms decide on output, pricing, and other aspects strategically based on the decisions of the other firms in the market.
Firms in an oligopolistic market can either choose to compete hard which may result in actions very similar to perfect competitors, driving down costs, or they can collude with each other to effectively act like a monopoly, pushing up prices, and earning consistently high levels of profit.
Noteworthy is the fact that high barriers to entry characterized oligopolies, resulting in fewer firms operating in the industry. Oligopolistic markets can take on elements of monopoly and perfect competition, depending on the strategic actions taken by firms within the market.
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An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the right price has achieved which economic goal?
a. Efficiency
b. Freedom
c. Security
d. Equity
Answer: Efficiency.
Explanation:
An economy is said to be efficient if the economy is able to make the best use of the available resources found in that economy, in meeting the needs of consumers within the economy and even exporting to consumers found in other economies.
An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the right price has achieved:
a. Efficiency
An economy aims to manage its resources in such a way that it can produce the maximum possible output with the minimum input or cost. When an economy can effectively allocate its resources to produce the right goods in the right quantity and deliver them to the right people at the right price, it is said to be operating efficiently.
Efficiency is about optimal use of resources. In an efficient economy, resources are not wasted. Instead, they are used in a way that maximizes the benefit to society. If resources are allocated in a manner where no one can be made better off without making someone else worse off, then we have reached a point known as Pareto efficiency.
In the context of the options given:
- b. Freedom generally refers to the level of autonomy and choice that consumers and producers have in the marketplace.
- c. Security typically pertains to the stability of the economy, including factors like job security and safety nets for the vulnerable.
- d. Equity is about fairness in the distribution of resources and wealth.
Given the description provided in the question, the best match is:
a. Efficiency, which encompasses the optimal use of scarce resources and the delivery of goods in the most effective manner.
When discussing economic concepts, understanding the clear distinctions between terms ensures readability and clarity for readers, especially those researching for educational or informational purposes.
At the end of a full year mary garber had $6248.95 in her saving account. If the rate of interest was 12.253%, how much money did Mary have in the bank at the beginning of the year?
Answer:
$5,566.84
Explanation:
to determine the amount of money that Mary had in her account at the beginning of the year we can use the resent value formula:
present value (PV) = future value (FV) / (1 + interest rate)ⁿ
where:
FV = $6,248.95interest rate = 12.253%n = 1PV = $6,248.95 / (1 + 12.253%) = $6,248.95 / 1.12253 = $5,566.84
On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, the account was debited for a total of $12,200 and credited for a total of $11,500. What was the balance in the Cash account at the beginning of September?a. A $0 balance.
b. A $7,400 credit balance.
c. A $7,400 debit balance.
d. A $6,000 debit balance.
e. A $6,000 credit balance.
Final answer:
The balance in the Cash account at the beginning of September was a $4,300 debit balance, which is calculated based on the normal ending balance and the transactions during the month.
Explanation:
To determine the balance in the Cash account at the beginning of September for Value Company, we need to use the account's normal balance and the transactions that took place during the month. The normal balance at the end of September was $5,000. We also know that the account was debited for a total of $12,200 and credited for $11,500.
To find the beginning balance, we perform the following calculation:
Ending Balance = Beginning Balance + Debits - Credits$5,000 = Beginning Balance + $12,200 - $11,500$5,000 = Beginning Balance + $700Beginning Balance = $5,000 - $700Beginning Balance = $4,300Therefore, the correct answer is none of the given options. The balance in the Cash account at the beginning of September was a $4,300 debit balance.
Which statement is TRUE? a. The concept of equilibrium requires that all individuals have an equal amount of income. b. If a market is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off. c. A market is in equilibrium when the number of buyers is equal to the number of sellers. d. If a market is in equilibrium, the price in that market will not fluctuate by more than 5%.
Answer:
b. If a market is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off
Explanation:
Equilibrium refers to a state of rest. Market equilibrium refers to a situation wherein quantity demanded of a product equals quantity supplied of that product.
Market equilibrium only gets disrupted when factors affecting demand other than the price changes which leads to either increase/decrease in demand or increase/decrease in supply.
At the equilibrium level, the possibility of individuals making themselves better off get wiped out.