Finance Homework Questions & Answers Archive

After researching the different forms of business organization, Natalie Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of getting the business running. In November 2021, the following activities take place. The following trial balance for November 30. COOKIE CREATIONS Trial Balance November 30 Debit Credit --------------- Cash 690 Supplies 100 Prepaid Insurance 1,060 Equipment 1,020 Unearned Service Revenue 20 Notes Payable 2,100 Owner's Capital 700 Service Revenue 100 Advertising Expense 50 Totals 2,920 2,920 Nov. 8 Natalie cashes her U.S. Savings Bonds and receives 420, which she deposits in her personal bank account. 8 She opens a bank account under the name "Cookie Creations" and transfers 400 from her personal account to the new account. 11 Natalie pays 50 for advertising. 13 She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for 100 cash. (Hint: Use Supplies account.) 14 Natalie starts to gather some baking equipment to take with her when teaching the cookie classes. She has an excellent top-of-the-line food processor and mixer that originally cost her 600. Natalie decides to start using it only in her new business. She estimates that the equipment is currently worth 300. She invests the equipment in the business. 16 Natalie realizes that her initial cash investment is not enough. Her grandmother lends her 2,100 cash, for which Natalie signs a note payable in the name of the business. Natalie deposits the money in the business bank account (Hint: The note does not have to be repaid for 24 months. As a result, the note payable should be reported in the accounts as the last liability and also on the balance sheet as the last liability.) 17 She buys more baking equipment for 720 cash. 20 She teaches her first class and collects 100 cash. 25 Natalie books a second class for December 4 for 120. She receives 20 cash in advance as a down payment. 30 Natalie pays 1,060 for a one-year insurance policy that will expire on December 1, 2022.

Dominic invested 19,000 in an account paying an interest rate of 6.1% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 16 years?

QUESTION FOUR a. What is reconstruction and why would a firm want to reconstruct its capital structure? (4 Marks) b. Machambire-Kitundu Ltd (MKL) decided to reconstruct its financial structure. The following scheme of reconstruction was proposed. i. To reduce each share to TZS 6. ii. To write off debentures by 20% iii. To request the banker to write off interest on bank loan. iv. To reduce creditors by TZS 18,000 Information extracted from the statement of financial position of MKL included: a) 10,000 Equity shares of TZS 10 each fully paid. b) 20,000 equity shares of TZS 10 each TZS 8 paid. c) Debentures TZS 120,000, d) Bank loan TZS 90,000 (including interest of TZS 5,400); e) Creditors TZS 80,000. The retained earning account had a debit balance of TZS 110,400; preliminary expenses TZS 15,000; discount on shares debentures TZS 2,000. Required: Provide necessary entries and show the capital reduction account. (8.5 Marks)

Primary Insurer has an aggregate excess of loss treaty with Reinsurer. The treaty contains an internal limit of 4 million in excess of an internal retention of 1 million for each loss occurrence, subject to an outside retention of 6 million. The three losses listed below are subject to the treaty. Assuming the reinsurer pays 100% of the eligible losses, how much will Primary recover under the treaty? Loss Amount 1 5 million 2 3 million 3 2 million Select one: A. 0 B. 1 million C. 2 million D. 3 million

The trial balance is a financial statement that reports the assets, liabilities, and equity of a business at a point in time. True or False True False

Johnson Company has a high inventory turnover that has increased over the last year. All of the following statements are true regarding this situation except Johnson Company has a cost of goods sold that is increasing relative to its average inventory. is increasing the amount of inventory on hand relative to sales. is minimizing funds tied up in inventory. may be losing sales due to inventory shortages.

Kelly and Max are looking to buy a home together and have 60,000 saved up for a down payment. Their budget allows monthly payments of 2,250 for 25 years, and the bank has offered them an annual interest rate of 5.7%, compounded monthly. What is the most expensive home they can buy?

At the end of the car model year, what source of financing for a new cai would probably have the best terms? (1 point) a collateral loan from a bank a collateral loan from the car company a home equity loan revolving credit line

Exercise 5-26 (Algorithmic) (LO. 1, 2) Jarrod receives a scholarship of 22,600 from East State University to be used to pursue a bachelor's degree. He spends 13,560 on tuition, 1,130 on books and supplies, 4,520 for room and board, and 3,390 for personal expenses. How much may Jarrod exclude from his gross income?

The money multiplier equals: reserve requirement/expenditure multipler. 1/marginal propensity to save. 1 / reserve requirement. marginal propensity to save/reserve requirement.

Find the expected value of the winnings from a game that has the following payout probability distribution: Payout () -6 -4 -2 0 2 Probability 0.34 0.13 0.06 0.13 0.34 Expected Value = Round to the nearest hundredth.

Assuming a conservative interest rate of 4.2%, how much would you need to save each year to reach 85,000 in 14 years? Round to the nearest 100.

In a two-tailed test of a single population proportion, sample data has a probability P(z>2.20) ≈ 0.014. At α=0.01, the proper statistical decision to make is: Fail to reject H0 Accept H0 Reject H0

Why should you compare your checkbook register with your bank statement every month? To find out your current balance To adjust for interest earned or fees charged To prepare for filing your tax return To practice your math skills

The cash flow statement can take many formats but the most common one breaks the statement into three sections: Cash from operating activities, Cash from financing activities and Cash from investing activites

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems. Question 1 (1 point) If you invest 20,848 today at an interest rate of 4.04 percent, compounded daily, how much money will you have in your savings account in 14 years? Round the answer to two decimal places.

Payment History

A country wants to make sure that its economy remains stable. Its leaders worry that allowing market forces to increase or decrease the value of the country's currency could lead to instability and disrupt economic growth. As a result, the country decides to tie the value of its currency directly to the U.S. dollar. If the dollar becomes more valuable, the country's currency will increase in value. If the dollar declines, the country's currency will decline as well. This economic situation is an example of a: A. trade-weighted exchange rate. B. flexible exchange rate. C. fixed exchange rate. D. deficit-weighted exchange rate.

June 1 (balance) 3210 3.00 June 2 2310 5.30 3 8800 2.90 6 6370 5.30 7 4750 3.10 9 4100 5.30 15 7190 3.20 10 1550 7.00 22 2000 3.30 18 5520 7.00 25 800 7.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is 15630, 15430, 17160, 16441.

A company is developing a special vehicle for Arctic exploration. The development requires an initial investment of 80,000 and investments of 50,000 and 43,000 for the next two years, respectively. Net returns beginning in Year 4 are expected to be 22,000 per year for 12 years. If the company requires a rate of return of 5%, compute the net present value of the project and determine whether the company should undertake the project. The net present value of the project is (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed)

2. The total amount of taxes you pay as a percentage of your gross income is referred to as which of the following? 1 point Marginal Tax Rate Income Tax Rate Effective Tax Rate Itemized Tax Rate

The accompanying figure summarizes the average spending patterns for people of different ages in a certain nation. Determine whether the spending pattern given below is equal to, above, or below the national average. Assume that salaries and wages are after taxes. A couple under the age of 30 has a combined household income of 4300 per month and spends 215 per month on entertainment. Is the couple's spending pattern equal to, above, or below the national average? A. The spending pattern is equal to the national average. B. The spending pattern is above the national average. C. The spending pattern is below the national average.

What is the reading in kwh of the electric meter shown in the exam figure below? A) 1641 B) 1732 C) 0631

Which one of the following is not a function of money? A. Unit of account. B. Open market operation. C. Medium of exchange. D. Store of value.

ECON2006 James Pfister 01/18/25 11:23 PM Screens 2024-12... 16 Test: Final Exam This test: 72 point(s) possible This question: 1 point(s) possible Submit test Screens 2024-12... 4 The short-run aggregate supply curve slopes upward because of all of the following reasons except A. in the short run, prices of final goods and services adjust slowly due to the existence of menu costs. B. in the short run, as prices of final goods and services increase, input prices react more slowly. C. in the short run, as prices of final goods and services increase, some firms are very slow to adjust their prices, thus their sales increase. D. in the short run, an unexpected change in the price of an important resource can change the cost to firms.

In December 2016, the average price of a Big Mac in the United States was 4.50. In December 2023, the average price of a Big Mac in the US increased to 5.69. Which two answers below correctly express that change? .264% 26.4% .264 26.4

Prime costs consists of: factory overhead and direct labor direct labor and direct materials factory overhead and direct materials

A manufacturer sells 70 boats per month at 23000 dollars per boat, and each month demand is increasing at a rate of 4 boats per month. What is the fastest the price could drop before the monthly revenue starts to drop? dP/dt= per month

Exercise 3-16 (Algo) Preparing an adjusted trial balance LO P5 Use the adjusted trial balance accounts and balances at its December 31 year-end for Stark Company to prepare an adjusted trial balance.

If you are given odds of 2 to 3 in favor of winning a bet, what is the probability of winning the bet? The probability is . (Type an integer or a simplified fraction.)

Assume that XYZ company is selecting TV, Radio, Newspaper, and Magazine ads to increase the volume of their customers. The company has 26,000 for advertisement purposes. The cost per advertisement for TV, Radio, Newspaper, and Magazine are 150, 100, 80, and 40, respectively. They do not want to spend more than 15,000 on Newspaper and Magazine ads. The number of Newspaper ads should be at least twice the Magazine ads. The total number of ads all together should not be less than 330 and not more than 360, and the maximum amount spent on TV ads should be less 1,600. They should have a minimum of 10 TV ads. Which resource do they run out first after running the problem through Excel's Solver?

Logan's only debt obligations are a car loan payment of 512 and a credit card payment of 70 every month. What is the minimum amount of money he must take home every month in order to avoid being in danger of credit overload? A. 2328 B. 582 C. 2910 D. 2560

State Gasoline Taxes A random sample of state gasoline taxes (in cents) is shown here for 8 states. Round sample statistics and final answers to at least two decimal places. 32.1, 33.3, 50, 43, 44.9, 33.7, 62.8, 49.8 Use the data to estimate the true population mean gasoline tax with 80% confidence. Assume the variable is normally distributed. <μ<

The market(s) that channel the excess savings of households into investment spending by firms is(are) known as: - the stock market. - financial markets. - the bond market.

Using logarithmic differentiation, find the derivative of y=(x^9 sqrt[5]x^2+13)/(x^3+27) dy/dx=9/x+2x/5(x^2+13)+3x^2/(x^3+27) dy/dx=(x^9 sqrt[5]x^2+13)/(x^3+27)(9/x+2x/5(x^2+13)+3x^2/(x^3+27)) dy/dx=9/x+2x/5(x^2+13)-3x^2/(x^3+27) dy/dx=(x^9 sqrt[5]x^2+13)/(x^3+27)(9/x+2x/5(x^2+13)-3x^2/(x^3+27))

This type of income is that which a bank derives from sources other than interest, for example, fees and service charges, trading income, and investment securities gains. Asset income Dividend income Portfolio income Non-interest income

Specific property or other assets pledged by a borrower to secure a loan is called . If the borrower defaults, the lender has the right to sell this specific property or assets to liquidate the loan. Chattel Pledged property Collateral Dedicated assets

A firm reported the following income statement (all figures are in thousands of dollars): Net Sales 1,220 - operating costs 200 - depreciation amortization 245 = Operating Income (EBIT) ? - interest 115 = Earnings Before Taxes (EBT) ? - taxes 84 = Net Income ? What is the net income of this firm?

In addition, the balance of common stock at the beginning of the year was 400,000, and the balance of retained earnings was 40,000. During the year, the company issued additional shares of common stock for 29,000 and paid dividends of 18,000. Required: 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity.

Solve the following system of equations for "x". Express your answer as a decimal number with at least four digits past the decimal. x=(8.5)(y)-2.9 x=(5.9)(y-10)

Which of the following statements regarding the forms of real estate ownership are correct? I. In outright ownership, all tax benefits and liabilities flow directly to the owners. II. In a general partnership, any partner may freely transfer their ownership without restriction. III. In a limited partnership, all limited partners are entitled to participate in the daily management decisions relating to the property. IV. In an S corporation, losses are passed through to the owners to use on their personal tax returns.

Find the critical value (zc) necessary to form a confidence interval at the level of confidence shown below. (c=0.97) (zc=) (Round to two decimal places as needed.)

Assuming that all accounts have normal balances, the income summary account would be credited within the closing entry for which of the following accounts? Multiple Choice Deprecation Expense Accumulated Depreciation Sales Sales Returns and Allowances

Question 10 (8 points) For parts a-c, round your answer to the nearest cent. Do not include any symbols or commas. Example: 56789.12 A house costs 189,900. You pay 20% down and amortize the rest with equal monthly payments over a 30 year period. If you must pay 4.25% compounded monthly, a) What is the amount of the mortgage after the 20% down payment? b) what is your monthly payment? c) How much interest will you pay?

Capital budgeting is required to determine the appropriate mix of and revenue debt assets expenses

Alice is a real estate broker. Rich lists a home with Alice for 89,500. Later that same day, Robert comes into Alice's office and asks for general information about homes for sale in the 80,000 to 100,000 price range. Based on these facts, which statement is TRUE? Both Rich and Robert are Alice's customers. Rich is Alice's client; Robert is a customer. Alice owes fiduciary duties to both Rich and Robert. If Robert asks Alice to be a buyer's representative, Alice must decline because of the preexisting agreement with Rich.

1. Assume Hudson has a target income of 150,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)?

Determine the percentage of assets that were provided by retained earnings. Note: Round your percentage answer to 1 decimal place. Percentage of assets %.

Mariana has 50,000 in a savings account that earns 15% interest per year. The interest is not compounded. How much will she have in total in 5 years? Use the formula i = p r t, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Using the graph below, determine the profit-maximizing price and quantity to produce. Profit-maximizing price = 10 Quantity to produce = 20 units

How much would you have to deposit in an account with a 9% interest rate, compounded continuously, to have 1500 in your account 5 years later? P=[?] Round to the nearest cent.

Heather takes out a loan for her college tuition from a bank that charges simple interest at an annual rate of 16%. Her loan is for 4700 for 10 months. Assume each month is 1/12 of a year. Answer each part below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 10 months. (b) Assuming Heather doesn't make any payments, find the amount owed after 10 months.

Utalii Hotel records its cash and bank transactions in a triplecolumn cash book. The following transactions were performed by the company during the month of June 2018. - Jun 01: Cash in hand 800,000 (debit balance), Cash at bank 3,365,000 (debit balance). - Jun 03: Paid James Co. by check 1,175,000, discount received from him 25. - Jun 05: Received from David Co. a check amounting to 990,000 discount allowed to him 10,000. - Jun 07: Deposited into bank the check received from David Co. - Jun 10: Purchased stationary for cash, 170,000. - Jun 15: Purchased merchandise for cash, 1,280,000. - Jun 15: Cash sales for the first half of the month, 2,450,000. - Jun 16: Deposited into bank 1,250,000. - Jun 18: Withdrawn from bank for personal expenses 100,000. - Jun 19: Issued a check amounting to 1,630,000 to James Co. and discount received from him 20,000. - Jun 21: Drew from bank for office use, 420,000. - Jun 24: Received a check amounting to 1,435,000 from Henry Co. and allowed him a discount of 15,000. The Henry's check was deposited into bank immediately. - Jun 25: Paid a check to Jacob Inc. amounting to 385,000 and received a discount of 15,000. - Jun 27: Bought furniture for cash for office use, 380,000. - Jun 29: Paid office rent by check, 350,000. - Jun 30: Cash sales for the second half of the month 4,550,000. - Jun 30: Paid salaries by check 760,000. - Jun 30: Withdrew from bank for office use 470,000. Required: 1. Record the above transactions in cash book of Hotel Utalii and balance the cash and bank columns of the cash book.

Ivan invested 5500 in an account that pays an annual interest rate of 3.1%, compounded daily. Assume there are 365 days in each year. Answer each part. If necessary, refer to the list of financial formulas. (a) Find the amount in the account after one year, assuming no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest cent. (b) Find the effective annual interest rate, expressed as a percentage. Do not round any intermediate computations, and round your answer to the nearest hundredth of a percent.

B 0 c because theta reesed o conturningist V re is Al's credit card statement for the month of November. Date Transaction Transaction amount --------- November 1 Beginning balance 1300.25 November 14 Purchase 68.02 November 18 Purchase 540.90 November 24 Payment 350.00 (a) Use the credit card statement to help fill in the table below. Note that there are 30 days in November. Also, a purchase increases the unpaid balance, t decreases the unpaid balance Date Transaction Transaction amount Unpaid balance Number of day at that balance Unpaid x Number ------------------ November 1 Beginning balance 1300.25 1300.25 13 days (from No balance x of days November 14 Purchase 68.02 1368.27 days /from 16,903.25 November 18 Purchase 540.90 5 square 14 through November 17) 5 square November 24 Payment 350.00 4 square 7 days (from November 24 5 square Total: 30 days

Accounts Receivable: 5,600 Accounts Payable: 6,200 Advertising Expense: 500 Cash: 21,500 Common Stock: 24,000 Dividends: 4,500 Equipment: 18,000 Notes Payable: 9,000 Rent Expense: 1,200 Salaries Expense: 9,480 Service Revenue: 25,600 Supplies: 820 Utilities Expense: 1. Calculate net income for the month ended January 31, 2021 2. Calculate total assets for Lehman Consulting on January 31, 2021

Isabella is a head of household, earned wages of 89,750, received 4200 in interest from a savings account, contributed 6000 to a tax-deferred retirement plan, and had itemized deductions totaling 19,500. Find the gross income, adjusted gross income, and taxable income.

Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also, find the APY for the account. A 17,000 deposit in an account with an APR of 4.5%. The balance in the account after 1 year is approximately . (Round to the nearest cent as needed.)

Multiple Select Question Select all that apply When initially purchased, which of the following are included in Raw materials inventory? (Check all that apply). direct materials finished goods goods in process Indirect materials

Your firm is considering adding a product line. The accounting department has determined that the cost function for this new product will be C(x)=325x+4760 and the revenue function will be R(x)=360x, where x is the number of units sold. Additionally, the sales department has determined that you reasonably can expect to sell around 173 units. You must decide whether to go ahead with the new product line. Find the break-even quantity: Find the profit function: P(x)= Make your decision: Proceed with the product line: the products are profitable and we can reasonably expect to meet our break-even quantity. Cancel the product line: the quantity needed to break even is more than our firm can reasonably expect to sell. Cancel the product line: producing these products is not profitable.

Question 7 (5 points) Listen Which one of the following statements about discretionary fiscal policy is correct? A) Discretionary fiscal policy refers to deliberate changes in taxes and government expenditures made by Congress to stabilize the economy. B) Discretionary fiscal policy refers to the authority that the president has to change personal income tax rates. C) Discretionary fiscal policy refers to the changes in taxes and transfers that occur as GDP changes. D) Discretionary fiscal policy refers to any change in government spending or taxes that destabilize the economy. Question 8 (5 points) Listen If a nation imposes tariffs and quotas on foreign products, the immediate effect will be to A) increase efficiency in the world economy. B) reduce the rate of domestic inflation. C) reduce domestic output and employment. D) increase domestic output and employment.

Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a 180,000 loan. Option 1: a 30-year loan at an APR of 10%. Option 2: a 15-year loan at an APR of 9.5%. Find the monthly payment for each option. The monthly payment for option 1 is 1579.63. The monthly payment for option 2 is 1879.60. (Do not round until the final answer. Then round to the nearest cent as needed.) Find the total amount paid for each option. The total payment for option 1 is . The total payment for option 2 is . (Use the answers from the previous step to find this answer. Round to the nearest cent as needed.)

How much money would a stock exchange make from buying and selling 500 shares of the stock under the conditions shown above? A. 3,000 B. 210,375 C. 250 D. 5,875

UNIT 3 - CHALLENGE 3.2: Monetary Policy If the reserve requirement of a bank is 25%, then the multiplier effect will be , and 200 in M1 will increase the money supply by . a.) 4 ; 50 b.) 25 ; 50 c.) 25 ; 800 d.) 4 ; 800

UNIT 3-CHALLENGE 3.1: History of Money Which of the following statements regarding central banks is true? a.) They are charged with the regulation of money supply and interest rates. b.) A run could never happen at central banks. c.) They are not required to maintain cash on hand. d.) As the value of the currency becomes more certain, people rely more on commodity standards.

Assume that beginning retained earnings is 100. Revenues for the year total 75 while expenses total 50. The company paid out dividends during the year totaling 10. What is ending retained earnings? OA. 115 OB. 15 OC. 90 OD. 25

A bank, often a larger bank, that maintains an account relationship or engages in an exchange of services with another usually smaller bank is called a bank. Correspondent Respondent Syndicate Partner

If an insurance claim is submitted for Event 1, what is the owner's out of pocket cost for the repair? Deductible: 2000.00 - Event 1 Event 2 - Description: Tree damage Foundation repairs - Repair Cost: 2,500.00 25,000.00 [?]

The average price of a ticket to a baseball game can be approximated by p(x)=0.03 x number of years after 1991 and p(x) is in dollars. a) Find p(3). b) Find p(13). c) Find p(13)-p(3). d) Find (p(13)-p(3))/(13-3), and interpret this result. a) p(3)=7.03 (Simplify your answer.) b) p(13)=16.13 (Simplify your answer.) c) p(13)-p(3)=9.10 (Simplify your answer.) d) (p(13)-p(3))/(13-3)=.91 (Simplify your answer.) Which of the following is the appropriate interpretation of this result? A. From 1994 to 2004, the average price for a ticket increased on average by this amount per year. B. From 1994 to 2004, the price of baseball tickets increased by this amount per year. C. This amount was the average price difference of a baseball ticket from 1994 to 2004. D. The result tells us that the price of a baseball ticket in 2014 is this amount more than in 2004.

The purchase price of a condominium is 120,500. A down payment of 21% is made. The bank charges 720 in fees plus 3 1/2 points. Find the total of the down payment and the closing costs. (Round your answer to the nearest cent.)

Question 37 2 pts Thompson Company's common stock carries a par value of 1 per share. The company is authorized to issue an additional 13,000 shares of common stock. What would the journal entry be for the issuance of 4,000 shares of common stock at par value? Cash 4,000 Common Stock - 1 Par Value 4,000

An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in Texas. Suppose that the mean income is known to be 52.4 for a random sample of 211 people. Assuming the population standard deviation is known to be 5.7. Construct the 80 % confidence interval for the mean per capita income for the mean per capita. Lower endpoint: Upper endpoint: Answer: How to enter your answer (opens in new window) Tables Keypad

Gabl Gram started The Gram Company, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operations. May 1 G. Gram invested 40,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid 2,200 cash for May's rent. May 5 The company purchased 1,890 of equipment on credit. May 8 The company provided cash for this month's cleaning services. May 12 The company provided 2,500 of consulting for a client and immediately collected 5,400 cash. May 15 The company paid 750 cash for an assistant's salary for the first half of this month. May 22 The company received 2,500 cash payment for the services provided on May 12. May 25 The company received 3,200 cash payment for the services provided on May 22 May 26 The company paid 1,890 cash for the equipment purchased on May 3. May 28 The company paid 750 cash for an assistant's salary for the second half of this month. May 30 The company paid 300 cash for this month's telephone bill. May 31 The company paid 1,400 cash in dividends to the owner (sole shareholder). Prepare the balance sheet for May 31.

Which statement is true? Multiple Choice Liquid assets generate profits for the firm. Extremely high levels of liquidity guard against liquidity crises, but at the cost of lower returns on assets. The lower the liquidity ratios, the less liquidity risk a firm has. The less liquid assets a firm holds, the less likely it is that the firm will experience financial distress.

export 100 units export 400 units export 500 units export 600 units Multiple Choice When the world price for this product is 0.50, Marketopia will: Price 2.50 2.00 1.50 1.00 0.50 0 100 200 300 400 500 600 700 Quantity

Identify the accounting principle or assumption that best reflects each situation. Situation Principle or Assumption 1. A company reports details behind financial statements that would impact users' decisions. 2. Financial statements reflect the assumption that the business continues operating. 3. A company records the expenses incurred to generate the revenues reported. Business entity assumption 4. Each business is accounted for separately from its owner or owners. Expense recognition (matching) principle 5. Revenue is recorded when products and services are delivered. Full disclosure principle 6. Information is based on actual costs incurred in transactions. Going-concern assumption

Compute the company's cash flow on total assets ratio for its fiscal year 2021.

Suppose that at first, Rajiv charges the same price of 8 per admission in both markets so that the total number of admissions demanded is 9 tickets. Suppose now that Rajiv decides to charge a different price in each market. To maximize revenue, Rajiv should charge 30 per admission in Market A and 12 per admission in Market B. At these prices, he will sell a total quantity of 24 admission tickets per day. Complete the following table by calculating Rajiv's total revenue from selling in both markets under the nondiscriminatory as well as the discriminatory price policy. Pricing Policy Total Revenue (Dollars) Nondiscriminatory Discriminatory

If a gambler is betting on a coin flip and will win 10 if the coin lands on heads and win nothing if the coin lands on tails, what is the expected value of the coin toss?

When investments have cash flows with little risk, valuations are a. unpredictable. b. relatively easy. c. distinguishable. d. relatively difficult.

Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 30 units and is valued at 50 per unit. Inbound shipments from vendor 1 will average 330 units with an average lead time (including ordering delays and transit time) of 5 weeks. Inbound shipments from vendor 2 will average 460 units with an average lead time of 3 weeks. Ruby-Star operates 52 weeks per year; it carries a 5-week supply of inventory as safety stock and no anticipation inventory.

Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased 101,600 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 49,800 Job 202 25,200 Total direct materials 75,000 Indirect materials 10,220 Total materials used 85,220 c. Time tickets show the following labor used for the month. Job 201 40,800 Job 14,200 Total direct labor 55,000 Indirect labor 25,800 80,800 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct mat cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for 168,560 on credit. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment 33,600 Rent on factory building (payable) 660 Factory utilities (payable) 960 Expired factory insurance 4,600 Total other factory overhead costs 39,820

The accounting department tracks the monthly expenses for your food warehouse. You have been directed to reduce the costs that make up the first 75% of monthly expenditures. Which expenditures should you target? A. HVAC only B. Lights only C. HVAC and refrigeration only D. HVAC, refrigeration, and lights only

When is a journal entry not required?

Andrew and Timmy are neighbors. Andrew owns a boat but never uses it. Timmy owns a car that he no longer needs since his son left for college in another state. Andrew needs a car. Andrew and Timmy make an agreement to trade the boat for car. What is the economic term given to this kind of exchange? a. Barter. b. Replevin. c. Buying and selling. d. Bargained-for exchange.

An investor purchased 40 shares of stock in a company for 1,200, with an 8 commission. Later, all of the stock was sold at 37 per share. What was the gain or loss on this investment? Gain or Loss =[?] Enter a gain as positive and a loss as negative.

Which situation would require a country to decrease the value of its imports if it did not want to increase the amount of money it spent in trade? A. The value of the country's currency decreases relative to that of other countries. B. The country changes its trade policy to create a flexible exchange rate. C. The value of the country's currency increases relative to that of other countries. D. The country changes its trade policy to create a fixed exchange rate.

Angelo's Pizza is having a ticket raffle to raise money for new soccer uniforms. A 1 ticket gives an even chance to win one 25 gift certificate, one 15 gift certificate, or three 5 gift certificates. What is the expected profit or loss for purchasing 1 ticket if 100 total tickets are sold? a loss of 0.55 a loss of 0.45 a gain of 0.55 a gain of 0.45

Which kind of budget would cause the largest increase in a country's national debt? A. One that increases taxes and decreases spending B. One that increases taxes and increases spending C. One that decreases taxes and increases spending D. One that decreases taxes and decreases spending

(Solving a comprehensive problem) Over the past few years, Microsoft founder Ball Gates' net worth has fluctuated between 20 billion and 130 billion. In early 2023, it was about 106 bilion-atter he reduced his stake in Microsoft from 21 percent to around 14 percent by moving bilions into his charitable foundation. Lets see what Ball Gates can do with his money in the following problems. a. Manhattan's native tribe sold Manhattan Island to Peter Minuit for 24 in 1626. Now, 397 years later in 2023, Bill Gates wants to buy the island from the "current natives". How much would Bal have to pay for Manhattan if the "current natives" want an annual return of 5 percent on the original 24 purchase price? b. Bar Gates decides to pass on Manhattan and instead plans to buy the city of Seattle, Washington, for 50 bilion in 9 years. How much would Bal have to invest today at 9 percent compounded annually in order to purchase Seattle in 9 years? c. Now, assume Bal Gates wants to invest only about 12 percent of his net worth, which stood at around 106 bilion in 2023, or 13 bilion, in order to buy Seattle for 50 bilion in 9 years. What annual rate of return would he have to earn in order to complete his purchase in 9 years? d. Instead of buying and running large cities, Ball Gates is considering quitting the rigors of the business world and retiring to work on his golf game. To fund his retirement, Ball would invest his 20 bifion fortune in safe investments with an expected annual rate of return of 7 percent. He also wants to make 40 equal annual withdrawals from this retirement fund beginning a year from today, running his retirement fund to 0 at the end of 40 years. How much can his annual withdrawal be in this case?

Compare and contrast your state's taxation of inheritance with federal taxation of inheritance?

A trial balance is a(n) (list/balance/chart) of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of the credit account balances.

At which level of production does the company make the least profit? the first pair of cleats the second pair of cleats the third pair of cleats the fourth pair of cleats

Budgeted income statement and disposing layouts a. Estimated sales for January: Bird house 15,000 units at 25 per unit Bird feeder 45,000 units at 35 per unit b. Estimated inventories at January 1: Direct materials: Wood 600 lbs Plastic 1,000 lbs Finished products: Bird house 1,000 units at 15 per unit Bird feeder 2,500 units at 20 per unit c. Desired inventories at January 31: Direct materials: Plastic 2,250 lbs Finished products: Bird house 2,600 units at 15 per unit Bird feeder 1,000 units at 20 per unit d. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood 1250 per lb. Plastic 10 per lb. e. Direct labor requirements: Bird House Fabrication Department 0.25 hrs at 18 per hr Assembly Department 0.20 hrs at 12 per hr Bird Feeder Fabrication Department 0.25 hrs at 18 per hr Assembly Department 0.10 hrs at 12 per hr f. Estimates for factory overhead costs for January: Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax 82,000 20,000 10,000 8,000

A low credit score will have a negative impact on your finances because: - Using credit cards and loans will be more expensive - Prices you pay at stores will be higher - Interest rates on your credit cards and loans will be lower - You must make more monthly payments on your loans

Which of the following is the most commonly used credit score range? 300-850

My "Financial Concepts" Knowledge 10 ? Let's say you set a goal to save one hundred dollars a month towards a 2,000 emergency fund. In order to achieve that goal, you make coffee at home instead of spending 5 every morning at your local coffee shop. This is an example of: A short-term goal A "SMART" goal An opportunity cost A financial plan

For the following loan, find (a) the finance charge and (b) the APR. Use a TVM solver to find the APR. Sebastian purchased a tablet for 695 and will make 12 monthly payments of 60.55 each. (a) The finance charge is 31.60. (Round to the nearest cent as needed.) (b) The annual percentage rate is %. (Round to the nearest hundredth as needed.)

Cash investments made by the stockholders of the business are reported on the statement of cash flows in the a. supplemental statement b. investing activities section c. operating activities section d. financing activities section

Which of the following is not an asset? (a) Cash (b) Land (c) Accounts Payable (d) Accounts Receivable

A quality-conscious disk manufacturer wishes to know the fraction of disks his company makes which are defective. Step 1 of 2: Suppose a sample of 1222 floppy disks is drawn. Of these disks, 1100 were not defective. Using the data, estimate the proportion of disks which are defective. Enter your answer as a fraction or a decimal number rounded to three decimal places.

If a credit balance appears on the account after the voucher payment has processed the cardholder may: Select the correct response Recover the overpayment by withdrawing the funds from an ATM Use the card after the TDY until the credit balance has been exhausted Contact the bank and request a refund Submit

Ch 01 Review Saved Help Save Exit Submit 15 Ch 1 Section Review 2.3 (Static) Generally accepted accounting principles are developed... LO 1-5 1.05 Generally accepted accounting principles are developed by the Financial Accounting Standards Board (FASB) through proposed points statements and solicitation of feedback from interested individuals, groups, and companies. Subsequently, the FASB evaluates the opinions received and votes on the statements. eBook Ask True or False Print References True False Mc

For 20 × 2 the selling price per lamp will be 45.00. If the fixed cost increase by 70,000.00 how many lamps must be sold to breakeven? Breakeven sales in units (Since we cannot sell part of a unit round up to the next unit if needed)

The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. Regular Monthly Payment: 349.07, APR: 9.0%, Remaining Number of Scheduled Payments after Payoff: 6 (a) h=5 (b) The unearned interest is . (Round to the nearest cent as needed) (c) The payoff amount is 5. (Round to the nearest cent as needed)

You are given 10,000 that will triple every year for the next 5 years. 1. Write an equation that represents this situation where y represents the value of the investment after 5 years. y=18000 x 8^5 2. Your equation has three numbers: starting value, growth factor, and the exponent. You are allowed to double one of these numbers. Which one do you think will result in the highest outcome? Explain your reasoning. 3. Let's find out which one gives the highest outcome! a. Double the starting value b. Double the growth factor c. Double the exponent

If an individual saves 5,700 and elects to place the total dollar amount into a savings account earning 2.75% APR compounded monthly, how much will the original deposit grow to in 12 years? The initial deposit plus interest equals 7,963. (Round to the nearest dollar as needed.)

Refer to Figure 2-3. The opportunity cost of obtaining 40 additional dryers by moving from point D to point C is a. 0 washers. b. 20 washers. c. 40 washers. d. impossible to calculate because the economy cannot move from point D to point C.

Which transactions are recorded in the accounting system?

An inflation tax is a. an explicit tax paid quarterly by businesses based on the amount of increase in the prices of their products b. a tax on people who hold interest-bearing money market mutual fund accounts c. usually employed by governments with balanced budgets d. none of the answer choices

Which of the following terms best defines payroll? It is the process of forming a pension plan. It is the process of paying employees. It is the process of organizing accounts payable. It is the process of creating accounts.

A difference between a key performance indicator (KPI) and a critical success factor (CSF) is that a KPI is a measurement towards achieving a goal and a CSF is

The general ledger can be used to determine which of the following: (Check all answers which apply) common and unique accounts used by a business. increases and decreases in all accounts in a business. all accounts used by a company and their balances. a complete record of each transaction in one account.

Which of the following statements is (are) accurate regarding equipment purchased within a business? (Check all that apply.) Equipment purchases are reported on the balance sheet. Equipment is an asset. Equipment is reported on the left side of the accounting equation. Equipment cost is initially recorded as an asset and the cost is allocated over time to expense. Equipment purchases are expensed, in their entirety, in the period in which they occur.

Canosta, Inc. has determined that it must expand its capacity to accept a special order. Which situation is likely? - Unit variable costs will increase. - The company should accept the order. - Fixed costs will not be relevant. - Both variable and fixed costs will be relevant.

Knowledge Check 01 The balance sheet of Ambiance Corporation reported current assets of 186,708, total assets of 300,000, current liabilities 36,139, and total liabilities of 125,000. What is the company's current ratio? Note: Round your answer to 2 decimal points.

For her phone service, Leila pays a monthly fee of 30, and she pays an additional 0.06 per minute of use. The least she has been charged in a month is 109.02. What are the possible numbers of minutes she has used her phone in a month? Use m for the number of minutes, and solve your inequality for m.

Format all financial amounts as Currency with the symbol and 2 decimal places, and all n and t entries as Number with 0 decimals. Subsidized Student Loan (determine the Unsubsidized Student Loan (determine the monthly payment required for a 10-year loan) monthly payment required for a 10-year loan that accrues simple interest while in school for 4

The improper classification of short-term equipment rentals as long-term leases and the subsequent acceleration of revenue from those rentals is a manipulation of which component of the accounting equation? A. Profit B. Liabilities C. Assets D. Owners' equity

The accounting scandals at Xerox were largely a result of dishonest accounting practices. A. financial B. bookkeeper C. managerial D. chartered

During September, Sally's Hair Salon purchased 900 of supplies on account. In October, Sally's wants to make a payment of 200 on this bill. Record the October transaction into Sally's accounting equation by: (Check all that apply.) decreasing Accounts Receivable, 200. increasing Supplies, 900. decreasing Accounts Payable, 200. decreasing Cash, 200. increasing Supplies, 200.

A bike rental service charges a 23.30 initial flat rate and then an additional 3.60 per hour. Write an equation in slope-intercept form where x represents the number of hours of the rental, and y represents the total cost of the rental.

Which of the following is the correct formula for calculating days' sales in raw materials inventory for a manufacturer? Select one: a. Ending raw materials inventory/Raw materials used × 365. b. Average raw materials inventory/Raw materials used. c. Raw materials used/Beginning raw materials inventory × 365. d. Raw materials purchased/Average raw materials inventory. e. Raw materials used/Average raw materials inventory.

As long as there are differences in opportunity costs, there are advantages and there will be potential for trade to make both parties better off.

Which one of these is an addition to the cash flows from investing activities? Increase in common stock Dividend paid Decrease in other long-term assets Increase in fixed assets

Cheryl Carver works at College of Fresno and is paid 30 per hour for a 40-hour workweek and time-and-a-half for hours above 40. Requirement 1. Compute Carver's gross pay for working 46 hours during the first week of February. Straight-time pay for 40 hours: 1,200.00 Overtime pay for 6 hours: 270.00 Gross Pay: 1,470.00 Requirement 2. Carver is single, and her income tax withholding is 20% of total pay. Carver's only payroll deductions are payroll taxes. Compute Carver's net (take-home) pay for the week. Assume Carver's earnings to date are less than the OASDI limit. (Round all amounts to the nearest cent.) Gross pay 1,470.00 Withholding deductions: Employee OASDI tax: 91.14 Employee income tax: 294.00 Total withholdings: Net (take-home) pay: For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first 132,900 earned; Medicare: 1.45% up to 200,000, 2.35% on earnings above 200,000. Employer: OASDI: 6.2% on first 132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first 7,000 earned; SUTA: 5.4% on first 7,000 earned.

(b) A bank analyst wants to ask customers who have a mortgage with the bank about the customers' home-buying experiences. Which of the following best describes a random sample of customers? The analyst uses a computer program to draw 54 customers at random and selects these customers. Every set of 54 customers is equally likely to be drawn by the computer program. The analyst spends a day calling mortgage customers and selects the first 54 customers who answer because these customers are easily accessible. The analyst forms 6 groups of customers based on the customers' mortgage amounts. Then, she selects 9 customers at random from each group.

Times interest earned is computed as net income plus interest expense, divided by interest expense income before income tax plus interest expense, divided by interest expense net income divided by interest expense income before income tax divided by interest expense

uoftampastudents-fl.vectorimsedu.com My Apps Dashboard University of Tampa - Prod AlcoholEdu for College: Pre-assessment QUESTION 23 OF 29 Getting a DUI may result in: CHOOSE AN OPTION BELOW A. Legal consequences B. Loss of financial aid C. Expulsion D. Both A and C E. All of the above B Have a question? Please contact your course coordinator your Vector LMS, Higher Education Student Edition coordinator

You paid 10,000 to buy 1% of the stock in a corporation that is now bankrupt. The company owes 10 million dollars to its creditors. As a result of the bankruptcy, you are responsible for paying 100,000 (or 10 million × 1%) of the amount owed to the creditors.

Multiple Cholce Question Which of the following in the rental market for housing benefits renters, but makes it unprofitable for suppliers or landowners? Equilibrium price A negative externality A price ceiling A price floor

If the price of tutoring is 20 per hour, there is a market equal to approximately . surplus; 25 hours of tutoring surplus: 39 hours of tutoring shortage: 20 hours of tutoring shortage: 39 hours of tutoring The market is in equilibrium.

Question 10 1 pts Which of the following is TRUE regarding price discrimination? i. It converts consumer surplus to economic profit. ii. A price discriminator must be a monopoly. iii. To be able to price discriminate, the firm must be able to identify different types of buyers. ii only ii and iii i, ii, and iii i and ii i and iii

Question 3 1 pts If the wheat industry is perfectly competitive with a market price of 4 per bushel and Farmer Brown charged 5 per bushel, how many bushels would Farmer Brown sell? more than he would at a price of 4 none some, but fewer than he would at a price of 4 just as many as he would at a price of 4 More information is needed about the prices charged by the other wheat farmers.

Refer to Table 4-1. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is 95 dollars, total consumer surplus will be 0. 35. 80. 95.

Multiple Select Question Select all that apply Which of the following are defining features of the primary market? It is the market where initial public offerings are made. It only involves seasoned equity offerings. Proceeds from the sale of securities go to the issuing firm. It is the market where shareholders and bondholders buy and sell to each other.

At the beginning of the year, Blue Spruce Corp. had total assets of 960,000 and total liabilities of 600,000. (Treat each item independently.) (a) If total assets increased 180,000 during the year and total liabilities decreased 96,000, what is the amount of stockholders equity at the end of the year? (b) During the year, total liabilities increased 120,000 and stockholders' equity decreased 84,000. What is the amount of total assets at the end of the year? (c) If total assets decreased 96,000 and stockholders' equity increased 132,000 during the year, what is the amount of total liabilities at the end of the year?

The following information applies to the questions displayed below. On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed 85,160 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash 7,520 Cash withdrawals by owner 3,190 Accounts receivable 17,950 Consulting revenue 17,950 Office supplies 4,310 Rent expense 4,720 Land 46,000 Salaries expense 8,220 Office equipment 19,190 Telephone expense 900 Accounts payable 9,600 Miscellaneous expenses 710 Owner investments 85,160 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement For Month Ended December 31

Current operating income for Bay Area Cycles Company is 52,000. Selling price per unit is 100, the contribution margin ratio is 20%, and fixed expense is 208,000. Required: 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? 2. How many additional unit sales would be necessary to achieve operating income of 130,000?

Solve the system of linear equations, using the Gauss-Jordan elimination method. (If there is n in terms of the parameters t and/or s.) x-2 y=3 7 x-14 y=21 3 x-6 y=9 (x, y)=(0,-3/2)

A company has a unit contribution margin of 220 and a contribution margin ratio of 50%. What is the unit selling price? 440. 293. 110. Cannot be determined from the information provided.

Swifty Company sells automatic can openers under a 75-day warranty for defective merchandise. Based on past experience, Swifty estimates that 4% of the units sold will become defective during the warranty period. Management estimates that the average cost of replacing or repairing a defective unit is 25. The units sold and units defective that occurred during the last 2 months of 2027 are as follows. Month Units Sold November 36,000 Give the entry to record the honoring of 500 warranty contracts in January at an average cost of 25. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Kraft Foods recently introduced its advertising and couponing to its current cheese customers. It appears that Kraft is pursuing what kind of opportunity?

Use the following data model for this question: Fish table fishuid name Daily catch table catchidd date FishCatch table fishcatchidid catchid fishuid Which of the following is a situation where a FULL OUTER JOIN could be useful? When a fisherman wants to see only fish in the database that they have caught When a fisherman wants to see all fish in the database, including those that they have caught before and those that they have not caught before When a fisherman wants to see only the fish that they have NOT caught When a fisherman wants to see the fish that belong to a certain species

An investor wants to save money to purchase real estate. He deposits 5575 at the end of each year in an ordinary annuity that pays 4% interest, compounded annually. (a) Find the total value of the annuity at the end of the 1st year. (b) Find the total value of the annuity at the end of the 2nd year. (c) Find the total value of the annuity at the end of the 3rd year.

The CEO of a chain restaurant wants to estimate the proportion of curbside orders that are handled in five minutes or less. The CEO originally planned to obtain a random sample of 2,000 orders, but is actually able to obtain a sample of 2,500 orders. Which of the following describes the effect of increasing the number of people in the sample? A The standard deviation of the sampling distribution of sample proportions will stay the same. B The standard deviation of the sample proportion will decrease. C The standard deviation of the sampling distribution of sample proportions will increase. D The standard deviation of the population proportion will increase. E The standard deviation of the sampling distribution of sample proportions will decrease.

If an individual has group life insurance through the employer and is terminated, which of the following most accurately describes the insured's situation? A. The policy will automatically be transferred to a similar group policy for the unemployed. B. An identical policy must be issued, through any insurer, at the initial expense of the former employer. C. The insured will have to apply for an individual life insurance policy and provide proof of insurability. D. The same insurer must provide an individual policy without proof of insurability.

Which of the following is true about the direct and indirect method? The direct method will show more cash. The direct method will show less cash. The indirect method will show more cash. There is no difference because both will show the same increase or decrease in cash.

When a company reports a gain on the sale of a depreciable asset, which of the following is always true? Multiple Choice The company sold the asset for more than its book value. The company sold the asset before its service life was over. The company sold the asset for more than its fair value. The company sold the asset for more than it was worth.

What is the total salaries wages and payable after these required deductions are made? 4,365.00 5,635.00 5,635.50 15,635.00

ACC 120 I05 Financial Accounting Spring 2025 (i) Homework: Chapter 1 Homework-Part 2 Question Complete Part 2 of 4 My score: 43.71 / 100 pts Data table Cash receipts: Collections from customers Owner contribution 23,000 Cash payments: 10,000 Rent 2,000 Utilities 900 Salaries 2,600 Purchase of equipment 7,750 Owner withdrawal 11,750 Cash balance, March 1, 2024 25,000 Cash balance, March 31, 2024 Prairie Homes had the following cash transactions for the month ended March 31, 2024. Prepare the statement of cash flows for Prairie Homes for the month ended March 31, 2024. Cash flows from operating activities: Receipts: Collections from customers 23,000 Payments: To employees (2,600) To suppliers (2,900) Net cash provided (used) by operating activities 17,500 Cash flows from investing activities: Purchase of equipment Net cash provided (used) by investing activities

You have 12,000 to invest and want to keep your money invested for 8 years. You are considering the following investment options. Choose the investment option that will earn you the most money. a. 3.99 % compounded monthly b. 4 % compounded quarterly c. 4.175 % compounded annually d. 4.2 % simple interest

Deductions reduce the amount of income that can be taxed, and credits reduce the amount of taxes you owe.

Mastering Concepts and Skills 1. Satisfaction A recent Gallup Poll asked a random sample of 1025 adults, "In general, are you satisfied or dissatisfied with the way things are going in the United States at this time?" In all, 25% said that they were satisfied. The dotplot shows the proportion who said they were satisfied in each of 500 random samples of size 1025 from a population where 25% are satisfied. Distribution of simulated proportion # samples mean SD 500 0.25 0.014 (a) Use the results of the simulation to approximate the margin of error for Gallup's estimate of the proportion of U.S. adults who were satisfied with the way things were going in the United States at the time of the poll. (b) Interpret the margin of error.

Billy plans to invest 18,000 in a CD that compounds 1.5% monthly. He must keep his money in the CD for 10 years. How much money will he have when the investment ends? 19,629.83 20,911.06 21,632.49 22,022.74

Suppose you are given a 100 gift card and you choose to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction. Your choices will involve which of the following? - An evaluation of the unlimited resources used in the production of each good considered - A decision between attainable and unattainable combinations of the goods under consideration - A comparison of marginal benefits and marginal costs for each good considered - The available supply of each good considered

José Martinez, an immigrant from Mexico, estimates that he needs 4,000 to start a (very) small grocery store in 4 years. How much must he deposit today if his credit union will pay 8% compounded quarterly? How much should he deposit today? (Round to the nearest cent as needed.)

Find the future value using the following data. Present Value Interest Rate Time Future Value -------------------------------------------------- 4300 8 3/8 % 2 1/4 years The future value is . (Round to the nearest cent as needed.)

Use the formula for compound amount, not the table, to find the compound amount and the amount of interest earned on 13,000 at 9% compounded annually for 5 years. Use a calculator. The compound amount is . (Round to the nearest cent as needed.)

a. Total assets of Charter Company equal 900,000 and its equity is 520,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal 700,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity?

13 of 15 Concepts completed (i) Multiple Choice Question Given the following information for Jackson's Boots, calculate its Debt Ratio for the current year. in Thousands Current Year Total assets 250 Total liabilities 100 Total equity 150 .40 .66 2.50

What is the return rate for brick-and-mortar stores? A. 3% B. 20% C. 10% D. 15%

Given the current sales volume and cost structure, determine the unit selling price required to achieve an annual profit of 250,000.

The price of a good falls from 20.47 to 18.88. What was the percentage change in the price of the good? Round to two decimal places. Do not enter a percent sign.

A person has 1,550 in liabilities, monthly savings of 200, and monthly gross income of 2,000. What is the person's savings ratio?

Select all that apply When pursuing a concentration strategy, which of the following activities does a company emphasize? (Select all that apply.) joint ventures maintaining skill levels retaining skilled staff product development

Peoria Food Emporium collected the following information on its business segments: - Consumer Division Restaurant Division - Operating Income: 167,000 220,000 - Invested Assets: 92,000 164,000 - Sales: 246,000 340,000 Which division had a better investment turnover and how many times did it turn over?

Let the random variable X represent the profit made on a randomly selected day by a certain store. Assume that X is Normal with mean 360 and standard deviation 50. What is P(x<400)?

You have 2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit card in 5 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month

Recently, More Money 4 U offered an annuity that pays 4.8% compounded monthly. If 982 is deposited into this annuity every month, how much is in the account after 4 years? How much of this is interest? Type the amount in the account: (Round to the nearest dollar.)

Problem 4-2 (Algo) A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 17,400 units of output each month. However, it has an absolute maximum output capability of 21,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 12,280 units in October, what is the capacity utilization rate in October for this factory? Note: Round your answer to 1 decimal place.

is the common abbreviation for the Board that currently establishes financial accounting and reporting standards in the U.S. (Enter the acronym.)

Krysta has a great credit score. What does that indicate to lenders? - Indicated Not indicated - Krysta deposits her paycheck directly into her checking account, balances the account often, and never spends more than she has in the account. - Krysta typically keeps high balances on her credit cards.

Rock Hill Relaxation Company sells vitamin supplements. They have collected the following budget information about the 10,000 bottles of supplements they expect to sell; Total Direct Material Cost 27,000, Total Direct Labor Cost 15,000, Total Manufacturing Overhead Cost 12,000, Total Selling and Administrative Expenses 8,000. Rock Hill's desired profit is a 50% return on investment of their 90,000 of total assets. At what amount should Rock Hill price its supplements, if they are using the Product Cost Method of pricing? a.) 10.70 b.) 5.30 c.) 15.75 d.) 13.65

Select all that apply The four primary financial statements published to provide information to external users include which of the following? Statement of Business Activities Income Statement Statement of Cash Flows Statement of Stockholders' Equity Balance Sheet Statement of Assets

Fill in the blank. The finance charges for a(n) loan are determined when the loan account is opened and are added to the amount borrowed.

Question 15, 13.2.19 Part 1 of 2 HW Score: 20 -on method of calculating interest to find the total interest and the monthly payment. Points: 0 Amount of Loan 1300 Length of Loan 14 months Interest Rate 3.1% Add-on interest means that if a person borrows an amount P with an annual interest rate r and payments extended over t years, then the required interest comes from the simple interest formula I = Prt. Substitute the correct values into the formula and evaluate to find the total amount of interest. Be sure to convert the length of the loan into years before substituting it into the formula.

A revenue department is under orders to reduce the time small business owners spend filling out pension form ABC-5500 so they provide additional training on use of the form. Previously the average time spent on the form was 6.3 hours. After the training, in order to test whether the time to fill out the form has been reduced, a sample of 48 small business owners who annually complete the form was randomly chosen, and their completion times recorded. The mean completion time for ABC-5500 form was 5.7 hours with a standard deviation of 1.8 hours. In order to test that the time to complete the form has been reduced, state the appropriate null and alternative hypotheses. H0: μ=6.3 H3: μ<6.3 H0: μ=6.3 H3: μ ≠ 6.3 H0: μ>6.3 H3: μ<6.3 H0: μ=6.3 H3: μ>6.3

Multiple Choice Question What is the shape of the efficient frontier and what does this imply? Downward-sloping; indirect relationship between risk and reward Upward-sloping; indirect relationship between risk and reward Upward-sloping; direct relationship between risk and return Flat; constant relationship between risk and return

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