Finance Homework Questions & Answers Archive

A company reports merchandise inventory on December 31 at 250,000 but LCM applied to items is 200,000. Record the journal entry to report merchandise inventory at the correct amount: View transaction list Journal entry worksheet 1 A company reports merchandise inventory on December 31 at 250,000 but LCM applied to items is 200,000. Note: Enter debits before credits. Date General Journal Debit Credit December 31

1) What is the production possibility frontier? You may equate the wheat and cars on the axis to define the story. 2) What is the opportunity cost of expanding production from 150 cars to 250 cars? 3) Would a plant producing 400 units of wheat and 250 cars be feasible? Would it be efficient? If not, what is required for it to be efficient?

A preferred stock from Hecla Mining Company (HLPRB) pays 3.20 in annual dividends. If the required rate of return on the preferred stock is 7.6 percent, what is the fair present value of the stock? Note: Round your answer to 2 decimal places. (e.g., 32.16)

Multiple Select Question Select all that apply Which of the following statements explain(s) how the accounting equation applies to businesses? (Check all that apply.) The equation applies to all transactions and events. The equation states that Revenues - Expenses = Assets. The relation of assets, liabilities and equity is reflected in the equation. The equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners. The equation reflects the fact that, at any point in time, total revenues will always equal total liabilities and assets. The equation states that Assets = Liabilities + Equity.

Rental costs for office space have been going up at 8.5% per year compounded annually for the past 7 years. If office space rent is now 29 per square foot per month, what were the rental rates 7 years ago? The rates 7 years ago were about per square foot. (Round to two decimal places as needed.)

Which of the following safety precautions is specifically recommended for individuals with a known allergy to latex during this experimen Avoiding the experiment entirely. Not being present when latex balloons are being "stretched" and deflated. Using non-latex gloves to handle the balloons. Wearing goggles to protect against liquid splashes.

When a company has a current obligation to make a future payment to their supplier due to a shipment of supplies that were received last week, the company would record this transaction with an increase to an asset account and a(n) account. revenue expense liability dividend

The possibility of having all foreign assets expropriated is the major shortcoming of what strategy? Foreign direct investment Exporting International joint ventures Strategic alliances

Record the entry to receive October's rental bill of 750; set it aside. Note: Enter debits before credits. Transactions General Journal Debit Credit

Use the figure below to answer the following question. A movement along the supply schedule from point x to point y depicts

On January 1, Lumia Company's liabilities are 60,000 and its equity is 40,000. On January 3, Lumia purchases and installs solar panel assets costing 10,000. For the panels, Lumia pays 4,000 cash and promises to pay the remaining 6,000 in six months. What is the total of Lumia's assets after the solar panel purchase?

You own stock in Big Money Co. that is worth 10,000. Your supervisor asks you to serve on a technical evaluation board and Big Money Co. is one of the offerors. Do you have a conflict? A Yes, you cannot work on a matter in which you have a financial interest. B No, because you own less than 15,000 of stock in Big Money Co. C Maybe, it depends on whether you have a financial interest in any of the other offerors.

If the price elasticity of supply for plastic is 0.99 , then the price elasticity of supply for plastic is perfectly elastic. relatively inelastic. unit elastic. perfectly inelastic. relatively elastic.

The balance of Notes Payable is shown on which of the following financial statements? (A) Income Statement (B) Balance Sheet (C) Statement of Cash Flows D None of these answer choices

On December 31, management had determined that it would not be able to collect the 1,200 owed to it by one of its customers. On January 15 in the next year, a check in the amount of 600 was unexpectedly received from this customer. Management does not expect any future collections from this customer. The company uses the direct write-off method to account for its uncollectible accounts. Prepare the necessary journal entry on January 15 to record the events by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. Prepare two separate journal entries. The first journal entry is to record the reinstatement of the account receivable and the second is to record the receipt of cash.

Tuition (per Year) Enrollment Demanded (Millions per Year) 40,000 1 35,000 2 30,000 3 25,000 4 20,000 5 15,000 6 10,000 7 5,000 8 a. If tuition is set at 25,000, how many students will enroll? 4 million students Now suppose that society gets an external benefit of 5,000 for every enrolled student. b. Draw the social and market demand curves for this situation on the graph below.

According to a recent survey, the average daily rate for a luxury hotel is 234.51. Assume the daily rate follows a normal probability distribution with a standard deviation of 21.93. Complete parts a through d below. a. What is the probability that a randomly selected luxury hotel's daily rate will be less than 248 ? (Round to four decimal places as needed.)

1. Financial institutions in the U.S. economy Suppose Karim decides to use 2,000 currently held as savings to make a financial investment. One method of making a financial investment is the purchase of stock or bonds from a private company. Suppose Warm Breeze, a cloud computing firm, is selling bonds to raise money for a new lab. This practice is called finance. Buying a bond issued by Warm Breeze would give Karim the firm. In the event that Warm Breeze runs into financial difficulty, will be paid first. Suppose instead Karim chooses to buy 250 shares of Warm Breeze stock. Which of the following statements are correct? Check all that apply. Expectations of a recession that will reduce economywide corporate profits will likely cause the value of Karim's shares to decline. An increase in the perceived profitability of Warm Breeze will likely cause the value of Karim's shares to rise. The price of his shares will rise if Warm Breeze issues additional shares of stock. Alternatively, Karim could undertake their financial investment by purchasing bonds issued by the U.S. government. Assuming that everything else is equal, a corporate bond issued by an electronics manufacturer most likely pays a interest rate than a municipal bond issued by a state.

Suppose that a loan of 3000 is given at an interest rate of 6% compounded each year. Assume that no payments are made on the loan. (a) Find the amount owed at the end of 1 year. (b) Find the amount owed at the end of 2 years.

Problem - questions #6, # 7, #8, #9 refer to the following 17 Minutes, information. A corn grower sells a CME group Corn Futures Contract at 3.20 / bu. with an estimated local basis of 0.09 under futures. Later when the grower sells his/her corn at the local elevator he/she receives 3.81 / bu and lifts the hedge for 3.96/bu. 8. What was the actual basis when the hedge was lifted? (a) 0.15 / bu over (b) 0.17 / bu under (c) 0.15 / bu under (d) 0.17 / bu over

Which of the following groups of accounts increase with a credit? a. assets, common stock, revenues b. common stock, revenues, expenses c. liabilities, common stock, revenues d. none of these choices

Tamarisk Corporation had net sales of 2,407,700 and interest revenue of 40,700 during 2025. Expenses for 2025 were cost of goods sold 1,462,900, administrative expenses 220,600, selling expenses 299,400, and interest expense 54,000. Tamarisk's tax rate is 30%. The corporation had 105,200 shares of common stock authorized and 57,610 shares issued and outstanding during 2025. Prepare a single-step income statement for the year ended December 31, 2025. (Round earnings per share to 2 decimal places, es 1.48.)

Which of the following is a product versus a period cost? a. advertising expense b. indirect materials used c. salespersons' commissions d. depreciation on store equipment

The Work-in-Process Inventory of the Model Fabricating Corporation was 3,000 higher on December 31, 2022, than it was on January 1, 2022. This implies that in 2022 Multiple Choice cost of goods manufactured was higher than cost of goods sold. cost of goods manufactured was less than total manufacturing costs. manufacturing costs were higher than cost of goods sold.

Ethan starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. He deposits 300 each month. Upon retirement at the age of 65, his retirement savings is 916,785.09. Determine the amount of money Ethan deposited over the length of the investment and how much he made in interest upon retirement.

Walter deposits a fixed monthly amount into an annuity account for his child's college fund. He wishes to accumulate a future value of 85,000 in 18 years. Assuming an APR of 3.1% compounded monthly, how much is interest earned? Round your answers to the nearest cent, if necessary.

Exchange rates are required in journal entries - Select one only when payments are made to suppliers or received from customers because money has changed hands only at the time of a purchase or sale because the expense or income is realized at that time in accrual-based accounting for all journal transactions involving foreign currencies whenever the exchange rate changes because otherwise they do not affect amounts in journal transactions

Multiple Choice Question Chimney Sweeps provided chimney cleaning services to several clients during the month of February. Chimney's customers have not yet been billed. Chimney's customers owe 2,000 to Chimney. How will Chimney Sweeps record this transaction? Debit accounts receivable and credit services revenue Debit accounts receivable and credit cash Debit cash and credit services revenue

Marginal Cost, Revenue, and Profit for Producing LCD TV wholesale unit price (p) by the following equation. [ p=-0.005 x+170 ] The weekly total cost (in dollars) incurred by Pulsar for producing (x) [ C(x)=0.000003 x^3-0.02 x^2+110 x+75,000 ] (a) Find the revenue function (R). [ R(x)= ] Find the profit function (P). [ P(x)= ] (b) Find the marginal cost function (C'). [ C'(x)= ] Find the marginal revenue function (R'). [ R'(x)= ] Find the marginal profit function (P'). [ P'(x)= ] (c) Compute the following values. (Round your answers to two decimal places) [ C'(1,500)= ] [ R'(1,500)= ] [ P'(1,500)= ] (d) Sketch (C(x)).

The Earned Income Credit is one alternative to controls.

A man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into the account in order to have 50,000 saved up for when she goes to college in 18 years, assuming the account earns a 6% return.

Why is net income lower than gross income?

2. A manager is trying to decide whether to rent a piece of equipment or buy the piece of equipment. To rent the piece of equipment, the costs would involve a flat fee of 50,000 as well as 6 per unit produced on the machine. If the manager was to buy the equipment outright, the cost would be 110,000. A. Develop the linear equations for renting versus buying the equipment. Cost to rent = CTR cost to buy = CTB CTR = 50,000+6x CTB = 110,000 X= units produced Renting: CTR=50,000+6x CTB=110,000 B. If current production volume is expected to be 13,000 units, should the manager rent or buy the

MGMT 635 QUIZ #1 Aubrey Carballo NAME 1. Boxes of pens can be made for 1.80 per box. Fixed costs that do not depend on how many boxes are produced total 6,000 per production period. Each box of pens will eventually sell for 3.00 each. Use this information to determine the following: A. Develop the linear equation for determining total Costs. C=1.80x+6000 B. Develop the linear equation for determining total Revenues. C. Develop the linear equation for determining total Profits. P=R-C P=0.03x-(1.80x+6000) P=0.03X-1.80x-6000

The Supplies account had a 700 debit balance at the beginning of the year, and 3,480 of supplies were purchased during the year. The December 31 physical count showed 300 of supplies available. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Supplies expense Supplies

An investment firm invested in two companies last year. They invested 7000 in Company A and made a profit of 13%. They invested 13,000 in Company B and made a profit of 18%. Answer the questions below. Do not do any rounding. (a) What was the investment firm's total profit? (b) What was the percent profit for their total investment? %

For the year ended December 31, Orion, Inc. mistakenly omitted adjusting entries for 1,500 of supplies that were used, (2) unearned revenue of 4,200 that was earned, and (3) insurance of 5,000 that expired. For the year ended December 31, what is the effect of these errors on revenues, expenses, and net income? a. Expenses are overstated by 6,500. b. Net income is overstated by 2,300. c. Expenses are understated by 3,500. d. Revenues are overstated by 4,200.

What are considered the largest and oldest of all financial institutions? Multiple Choice mutual savings banks savings and loan associations (SLs) commercial banks credit unions

All of the following are good reasons to have a bank savings account EXCEPT that funds deposited in savings accounts earn high dividends.

Use the simple interest formula I = Prt and elementary algebra to find the missing quantities in the table below. I P r t ---- 1350 5000 □ % 3 years

Which of the following is not a common asset measurement method? Net realizable value Liquidation value Historical cost Amortized cost

The generally accepted accounting principles (GAAP) are set by: The United States Congress. The Financial Accounting Standards Board (FASB). Securities Exchange Commission (SEC). The Federal Reserve Board (FRB).

Question 7 Find the amount of tax and the tax rate. Round to two decimal places. Cost of item: 97 Selling price: 105.76 Tax amount: Tax rate: %

Finish update : (a) Which type of subscription was more popular in 2015 ? In 2015, the streaming service was more popular. Which type of subscription was more popular in 2021? In 2021, was more popular. (b) During which year was the number of streaming service and cable TV subscribers the same? About how many people subscribed to each content provider at that point? The number of subscribers was the same in the year 2017 with both providers having about 140 million subscribers. (c) If represents 2012 and represents 2022 , the number of subscribers in millions can be modeled by the linear equations in the following system. Cable TV Streaming Service Solve this system. (Hint: Eliminate the variable and find to the nearest tenth. Then substitute to find to the nearest tenth.) Write the solution as an ordered pair of the form (years since 2012, number of subscribers in millions). The solution set is . (Type an ordered pair. Round to the nearest tenth as needed.) (d) Interpret the answer for part (c), rounding down for the year. How does this compare to the estimate from part (b)? During the number of subscribers for both providers was about million. This is the estimate in part (b). (Round to the nearest whole number as needed.)

Currently in Economica, the frictional rate of unemployment is 1.0%, the structural rate of unemployment is 1.5%, and the cyclical rate of unemployment is 3.0%. In the winter, there is seasonal unemployment of 1%. In this country, the seasonally adjusted natural rate of unemployment would be considered to be %. (Round your response to one decimal place.)

Which of the following is NOT part of the manufacturing cost per unit? Sales commission Direct materials Direct labor Manufacturing overhead

Niren, Inc.'s charter authorizes 1,000,000 shares of stock at a par value of 1 per share. Niren sells 100 shares of stock at its initial offering for 1 per share. The journal entry to record this transaction will include a (debit/credit) to Common Stock, 1 par for

Suppose you wish to borrow 600 for four weeks and the amount of interest you must pay is 25 per 100 borrowed. What is the APR at which you are borrowing money?

MyFinanceLab Assignment Part 1 of 2 Points: 0 of 4 (Related to Checkpoint 4.2) (Analyzing capital structure) The liabilities and stockholders' equity for Campbell Industries is found here: a. What percentage of the firm's assets does the firm finance using debt (liabilities)? b. If Campbell were to purchase a new warehouse for 1.1 million and finance it entirely with long-term debt, what would be the firm's new debt ratio? a. What percentage of the firm's assets does the firm finance using debt (liabilities)? The fraction of the firm's assets that the firm finances using debt is % (Round to one decimal place)

Tobin borrowed 5000 from the bank in order to buy a new camper. He will pay it off by equal payments at the end of each week for 3 years. The annual interest rate is 5.6%. Determine the size of payments, and the total interest paid. Express your answers rounded to the nearest cent! Payments: Total interest:

Use the supply and demand curves in the graph on the right to find the equilibrium quantity. The equilibrium quantity is units. (Type a whole number.)

Está prescrito 250 mg de um medicamento. Temos ampolas de 4% com 5 ml : Quantos gramas eu terei em cada ml e quantos ml devo administrar?

Choose the best answer to the following question. Explain your reasoning with one or more complete sentences. You are currently paying off a student loan with an interest rate of 10% and a monthly payment of 380. You are offered the chance to refinance the remaining balance with a new 10-year loan with an interest rate of 6% that will give you significantly lower monthly payment. Is refinancing this way a good idea? Choose the correct answer below. A. It's always a good idea. A borrower should always seek the lowest interest rate possible. B. It may or may not be a good idea, depending on closing costs and how many years are remaining in your current loan term. Refinancing would reset the loan term to 10 years. C. It may or may not be a good idea, depending on closing costs and how many years are remaining in your current loan term. It's only a good idea if closing costs are minimal D. It's a good idea if it lowers your monthly payment by at least 100. The costs of refinancing can be high, so it's not worth it if the monthly payment won't change by a lot. E. It is always a good idea because you would save 4% each month. F. It's a good idea if it lowers your monthly payment by at least 100. Then if you pay the 100 anyway, you can pay off the loan sooner.

A business owner raising the capital to start a business is known as what? Capitalizing a business Crediting a business Raising a business Loaning a business

A student is writing a draft of an essay to discuss how to use credit cards. Here is a paragraph from the draft. Select the best sentence to add to the beginning of the paragraph Credit cards are easy to replace if lost or stolen. However, there are other benefits of credit cards that consumers may not know about. Many banks offer credit cards. Some people avoid using credit cards for everyday purchases. Consumers need to have different options for payment methods. Although credit cards must be used carefully, they are convenient. Using credit cards can result in either positive or negative outcomes.

(a) Below is an estimate of all his expenses and sources of funding for his 2-year college education. For each, select whether it is an expense or a source of funding. - Tuition and fees: 6220 - Family contribution: 10,020 - Housing and food: 14,120 - Personal expenses: 2720 - Scholarships: 10,020 - Books and supplies: 2480 - Student loans: 9620 - Transportation: 3040 (b) What is the total of his estimated expenses? (c) What is the total of his estimated funding? (d) Can Alan expect to have enough money for his education? How much is the difference? Yes. He will have more than he needs. No. He will need an additional .

Current Attempt in Progress On September 1, 2023, Crane Corporation received 54600 cash from a tenant for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2023, required adjusting entry in connection with this would be debit Cash and credit Unearned Rent, 9100. debit Rent Revenue and credit Unearned Rent, 36400. debit Rent Revenue and credit Unearned Rent, 18200. debit Unearned Rent and credit Rent Revenue, 18200

Susan opened a savings account and deposited 100.00. The account earns 2% interest, compounded annually. If she wants to use the money to buy a new bicycle in 3 years, how much will she be able to spend on the bike? Use the formula A=P(1+r/n)^(nt), where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years. Round your answer to the nearest cent.

La utilidad y los ingresos por la producción de (x) tarjetas de felicitación en una imprenta se representan por las siguientes funciones: [ U(X)=128 x^2-20000 I(X)=82 x^2-4500 ] Determina cómo será el costo de producir 200 tarjetas con respecto a la producción de una tarjeta más. [ C(200)=I(200)-U(200)=-1824500 C(201)=I(201)-U(201)=-1842946 ] Costo adicional (=C(201)-C(200)=18446)

If price was not allowed to adjust, a shortage: would not persist, and the market would return to equilibrium quickly. would persist, and the market would not return to equilibrium. would become a surplus. would not persist, and the market would return to equilibrium slowly.

Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply private-label footwear to chain retailers in a particular geographic region? - The number of private-label models/styles the company offers to supply - Whether the company offers to deliver the orders of chain retailers for private-label footwear in less than 4 weeks - The company's customer service rating - How the company's price offer to supply private-label footwear to the region's chain retailers compares to the price offers of rival footwear companies - Whether the company agrees to allow the celebrities it has under contract to endorse its branded footwear to also endorse the private-label footwear it supplies

In a large clinical trial, 397,892 children were randomly assigned to two groups. The treatment group consisted of 198, 235 children given a vaccine for a certain disease, and 29 of those children developed the disease The other 199.657 children were given a placebo, and 109 of those children developed the disease. Consider the vaccine treatment group to be the first sample. Identify the values of n1, p̂1, q̂1, n2, p̂2, q̂2, p⃗, and q⃗.

a. Which can cause a shift in the demand curve? A change in one of the determinants of demand the cost of production the price of a good the technology used by firms

Ramer and Knox began a partnership by investing 60,000 and 90,000, respectively. The partners agreed to share net income and loss by giving annual salary allowances of 50,000 to Ramer and 40,000 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally. Note: Enter all allowances as positive values. Enter losses as negative values. Required: 1. Determine each partner's share given a first-year net income of 98,800. 2. Determine each partner's share given a first-year net loss of 16,800.

Leela invests 500 at 4.5% interest according to the equation (V1=500(1.045)^t), where (Vl) is the value of the account after (t) years. Adele invests the same amount of money at the same interest rate, but begins investing two years earlier according to the equation (Va=500(1.045)^t+2). The total value of Adele's account is approximately what percent of the total value of Leela's account at any time, t? 101.3% 104.5% 109.0% 109.2%

Required information Which of the following statement is true? Multiple Choice - Operating leverage refers to a company's ability to increase its sales volume while decreasing its total fixed cost. - Operating leverage may help a company increase its profitability but it cannot decrease profitability. - To benefit from operating leverage a company must have both fixed and variable costs.

A well-tested economic theory is often called: a hypothesis. a prototype. a principle. an anomaly.

Multiple Cholce Questlon Market penetration is a strategy whose goal is growth, based on selling existing customers a product or service they have never bought before. selling more of a firm's product or service to the existing customer base. selling in areas or to groups previously not served by a business. adding new products or services to a firm's existing collection of offerings. Need help? Review these concept resaurces.

Money is borrowed at 9% simple interest. After one year, 1140.14 pays off the loan. How much was originally borrowed? The amount of the original loan was

Krk is the accountant for an advertising company. This graph shows the company's non-payroll expenses each quarter over the past year. Use the graph to complete the sentence. The category with the highest overall expenses last year was

Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. I'm putting all my savings into stocks because stocks always outperform other types of investments over the long term. Choose the correct answer below. A. The statement does not make sense because although stocks historically outperform bonds and cash over the long term, investing in stocks is high-risk and there is no guarantee that the investment will yield a high return. B. The statement does make sense because stocks are a low-risk investment, offering predictable low returns. C. The statement does make sense because stocks historically outperform bonds and cash over the long term and investing in stocks is high-risk, which offers higher returns. D. The statement does not make sense because stocks never outperform bonds and cash over the long term.

On your credit card statement, the amount that you owe the financial institution now is called the A. minimum payment. B. payments. C. previous balance. D. new balance.

Which of the following will not be included on your credit report? A. FICO score B. Social Security number C. Unpaid accounts D. Companies that have recently accessed your report

Ethical Dilemma. Chen recently graduated from college and accepted a job in a new city. Furnishing his apartment has proved more costly than he anticipated. To enable him to make purchases, he applied for and received a credit card with a 5,000 credit limit. Chen planned to pay off the balance over six months. Six months later Chen finds that other expenses incurred in starting a new career have restricted him to making only minimum payments. Not only that, he has borrowed on his card to the full extent of its credit limit. Upon returning from work one day, Chen finds a letter from the credit card company offering to increase his limit to 10,000 because he has been a good customer and has not missed a payment. a. Discuss the ethics of credit card companies that offer to increase credit limits to individuals who make only minimum payments and who have maxed out their cards. b. Should Chen accept the credit card company's offer? c. How could Chen use a balance transfer card to help solve his problem? a. What are the ethical responsibilities of credit card companies that offer to increase credit limits to individuals who make only minimum payments and who have maxed out their card? (Select the best answer below.) A. This is not an ethical issue since Chen had not missed a payment. B. Credit card companies are in business to earn a return for their shareholders and are not responsible for the spending habits of their clients. C. Credit card companies have a responsibility to their customers by not enticing them to become overextended. D. Credit card companies are in business to earn a return for their shareholders, but have a responsibility to their customers by not enticing them to become overextended.

At December 31, 2023, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month. There have been no disposals or betterments since the date of purchase. Actual kilometres driven were: 2023,14,000 ; 2024,68,000. Required: Complete the schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollars.) Cost information Depreciation Description Date of Purchase Depreciation Method Cost1 Residual Life Balance of Accum. Deprec. Dec. 31, 2023 Depreciation Expense for 2024 Balance of Accum. Deprec. Dec. 31, 2024 Office Equip. March 27/20 Straight-line 54,000 10,000 10 yr. ? ? Machinery June 4/20 Double-declining-balance 220,000 20,000 6 yr. ? Truck Nov. 13/23 Units-of-production 99,000 13,000 400,000 sq. km ?

Carolyn has just retired, and has 500000 dollars in her retirement account. The account will earn interest at an annual rate of 10 percent, compounded monthly. At the end of each month, Carolyn will withdraw a fixed amount to cover her living expenses. Carolyn wants her savings to last exactly 25 years. How much money can she withdraw each month? monthly withdrawal: What is the maximum amount that Carolyn can withdraw each month if she wants her savings to last indefinitely? monthly withdrawal:

Question 10 of 19 What is a major regulatory requirement for public corporations? Select an answer from the options below. A Unlimited liability for all shareholders B No board of directors C Limited ability to raise capital D Public reporting of financial information

Question 16 Given: (q is number of items) Demand function: d(q)=630-0.2q^2 Supply function: s(q)=0.5q^2 Find the equilibrium quantity: items Find the equilibrium price:

m/courses/1147/quizzes/16491/take Which of the following is an example of external financing? Joint utilization Venture capital investing Sweat equity Owner financing

Calculate the amount of money you'll have at the end of the indicated time period, assuming that you earn simple interest. You deposit 3200 in an account with an annual interest of 5.5% for 10 years. The amount of money you'll have at the end of 10 years is .

Question 4 Credit Card Debt - Application The function D(t) can be used to approximate the total average credit card debt in a U.S. household (in thousands of dollars) t years after 1995. Interpret the meaning of the statement: D(24)=19.3. In the year , the total average credit card debt for a U.S. household will be

Supplies: The Supplies account has an 800 debit balance to start the year. Supplies of 2,100 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows 650 of supplies remaining.

The daily cost of keeping lit a 150-watt light bulb for 10 hours each day is (Round to three decimal places as needed.)

A consumer makes a 400 down payment on a television that costs 1,570. Which of the following is the number of months it will take to pay off the television with monthly payments of 100? (Assume that no interest is owed.)

Nolan works part-time at a movie theater making his state's minimum wage of 10.10 per hour. He receives a paycheck every 2 weeks. a. If he works 20 hours over the course of the first two weeks in February, how much should he expect to have taken out of his paycheck for payroll taxes? b. The second half of February is much busier with local schools closed for the entire week of Presidents Day, and Nolan's boss schedules him for 27 hours instead. Other than payroll taxes, Nolan doesn't have any other money withheld from his paycheck. How much can he expect his take-home pay to be? Note: Take-home pay is gross earnings minus any deductions. Payroll taxes are shared by traditional employees and their employers. Alternatively, if you are self-employed, which includes gig workers or those with a side-hustle, you have to pay the employer's portion as well as the employee's portion. These taxes are then called Self-Employment Contributions Act (SECA) taxes, which are taxed at the rates shown below. Tax Total Social Security 12.4% Medicare 2.9% Total 15.3%

You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 90% confident that the sample percentage is within 2.5 percentage points of the true population percentage. Complete parts (a) and (b) below. a. Assume that nothing is known about the percentage of passengers who prefer aisle seats. n=1083 (Round up to the nearest integer.) b. Assume that a prior survey suggests that about 36% of air passengers prefer an aisle seat. n= (Round up to the nearest integer.)

Loretta Kennedy 10 Lab Quiz Question 10 of 20 This quiz: 40 point(s) possible This question: 2 point(s) possible (Preferred stock valuation) Kendra Corporation's preferred shares are trading for 17 in the market and pay a 3.30 annual dividend. Assume that the ma 17 percent a. What is the stock's value to you, the investor? b. Should you purchase the stock? a. The value of the stock to you, the investor, is per share. (Round to the nearest cent) b. Should you acquire the stock? (Select from the drop-down menus.) You acquire the stock because it is currently in the market.

The trial balance columns of the worksheet for Blossom Roofing at March 31, 2022, are as follows. Blossom Roofing Worksheet For the Month Ended March 31, 2022 Account Titles Dr. Cr. -------------------------------------------------- Cash 4,000 Accounts Receivable 2,700 Supplies 1,500 Equipment 10,560 Accumulated Depreciation-Equipment 1,200 Accounts Payable 2,000 Unearned Service Revenue 400 Owner's Capital 11,460 Owner's Drawings 1,000 Service Revenue 6,000 Salaries and Wages Expense 1,000 Miscellaneous Expense 300 21,030 21,050 Other data: 1. A physical count reveals only 400 of roofing supplies on hand. 2. Depreciation for March is 240. 3. Unearned revenue amounted to 150 at March 31. 4. Accrued salaries are 600.

What is the activity rate Grinding?

A couple wants to buy a 40,000 car and can borrow the money for the purchase at 9%, paying it off in 3,4, or 5 years. The table to the right gives the monthly payment and total cost of the purchase (including the loan) for each of the payment plans. Suppose that when the payment is over t years, P(t) represents the monthly payment and C(t) represents the total cost for the car loan. Use this information to answer parts (a) through (d). t (years) Monthly Payment Total Cost 3 1271.99 45,791.6 4 995.41 47,779.6 5 830.34 49,820.4 a. Find P(5) and write a sentence that explains its meaning. Select the correct choice below and fill in the answer box to complete your choice.

In attempting to maximize profits, corporate executives and employees must distinguish between short-run and long-run profit maximization. What is short-run profit maximization?

Matisse Company pays 12,000 for rent of office space that will cover the next six months. Which of the following describes how Matisse will account for the payment for rent? Debit Cash for 12,000. Debit Prepaid Rent for 12,000. Debit Rent Expense for 12,000. Debit Rent Receivable for 12,000.

What can be said regarding Smith Son's accounts receivable turnover for Year 2? O It improved from Year 1 to Year 2. O It collected its accounts receivables less effectively in Year 2 as compared to Year 1. O fewer customers purchased items on account during Year 2 as compared to Year 1. O Customers paid their account balances more quickly during Year 2 as compared to Year 1.

Nick traveled out of the country for a month. He purchased a plan from his cell phone company that would allow him to send text messages to friends and family back home. Nick's telephone company charges 0.40 for a regular text message and 0.70 for a multimedia text messages. This month Nick was billed 99 and he sent a total of 195 messages. How many regular text messages and multimedia text messages did he send? The number of regular text messages sent was and the number of multimedia text messages sent was 7.

Peyton has a savings account at First National Bank. The amount of money in the account grows exponentially. The table below shows the amount of money in her account each year. What does the y-intercept represent in the context of this problem?

Multiple Choice Question A small figure written at the base of an amount column showing the sum of the entries in the column is called a: footing normal balance debit

Per Capita Income of Delaware Residents In a recent year, Delaware had the highest per capita annual income with 51,803. If σ=4850, answer the following questions. Assume that the sample is taken from a large population and the correction factor can be ignored. Round intermediate z-value calculations to two decimal places and the final answers to at least four decimal places. Part 1 of 2 What is the probability that a random sample of 36 state residents had a mean income greater than 50,200 ? P(X̅>50,200)=.976 Part: 1 / 2 Part 2 of 2 What is the probability that a random sample of 36 state residents had a mean income less than 48,800 ? P(X̅<48,800)=

Using the table below, calculate real GDP (in billions of dollars) in 2003. Round your answer to the nearest hundredth. Year Nominal GDP (in billions of dollars) GDP Deflator (2005=100) --- --- --- 2002 8,309.8 83.3 2003 9,890.9 87.6 2004 10,302.9 94.5 2005 10,856.8 100 2006 11,200.8 106 Provide your answer below: square

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Answer parts (a) and (b). Principal Rate Compounded Time 6000 0.5 % quarterly 5 year a. Find how much money there will be in the account after the given number of years. The amount of money in the account after 5 years is (Round to the nearest cent as needed.) b. Find the interest earned. The amount of interest earned is (Round to the nearest cent as needed.)

Compute the total and annual returns on the following investment. You pay 5500 for a municipal bond. When it matures after 20 years, you receive 11,400. The total return is %. (Do not round until the final answer. Then round to one decimal place as needed.)

Revenue minus cost of goods sold is called ? - net income - gross margin - gross profit - gain on inventory sales

On checking with 100 investors to see who owned electric company stock (E), transportation stock (T), or municipal bonds (M), the numbers shown in the diagram below were found. (a) How many investors owned electric company or transportation stock but not both? investors (b) How many owned electric company or transportation stock but not municipal bonds? investors (c) How many had one or two of these types of investments but not all three? investors (d) How many had at least two of these types of investments? investors (e) How many had none of these types of investments? investors

Smith Company sold inventory that cost 6,800 for 12,600 cash. Freight cost was 780 paid in cash. The freight terms were FOB shipping point. Based on this information, gross margin would be 5,800. net income would be 5,020 gross margin would be 5.020. None of the answers are correct.

Bob is going to rent a truck for one day. There are two companies he can choose from, and they have the following prices. Company A charges an initial fee of 47 and an additional 60 cents for every mile driven. Company B charges an initial fee of 35 and an additional 80 cents for every mile driven. For what mileages will Company A charge no more than Company B? Write your answer as an inequality, using m for the number of miles driven.

The current and noncurrent assets and liabilities are useful in evaluating . 1)operating results 2)financing activities 3)liquidity 4)financial conditions

If the interest rate is 10 percent and cash flows are 1,000 at the end of year one and 2,000 at the end of year two, then the present value of these cash flows is Multiple Choice 2,562. 3,200. 439. 3,000.

Christy purchased 100 shares of Good Idea stock for 48 last year. Yesterday she sold the stock for 45. If she received 4 in dividends during the time she held the security, what is her holding period return (round % to 2 decimals)? a. 208 % b. 8.30 % c. 14.60 % d. 6.30 %

You wish to retire in forty years. Currently, your annual living expenses are 40,000 per year. (Round your answer to the nearest cent. Refer to Chapter 11, Section 2) Assuming an annual inflation rate of 3.5%, how much will your annual living expenses be in 40 years?

Manufacturing overhead 203,510

Enola has x quarters and y dimes. She has a minimum of 18 coins worth at most 3.60 combined. Solve this system of inequalities graphically and determine one possible solution.

How much will you save if a watch is marked 1/5 off the regular price of 46.60.

A Providence Hospital experiment involves two different waiting line configuration that feeds four stations and another configuration with individ compare the variation. Find the coefficient of variation of the single line data set. Single Line: 389, 398, 403, 410, 424, 439, 446, 463, 463, 463 Individual Lines: 250, 323, 348, 371, 404, 464, 464, 510, 560, 600 % (Type an integer or a decimal rounded to one decimal place as needed.)

On April 1, the price of gas at Bob's Corner Station was 4.95 per gallon. On May 1, the price was 5.45 per gallon. On June 1, it was back down to 4.95 per gallon. Between April 1 and May 1, Bob's price increased by . Between May 1 and June 1, Bob's price decreased by , or . Suppose that at a gas station across the street, prices are always 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices and the prices across the street is when gas costs 5.45 than when gas costs 4.95. Some economists blame high commodity prices (including the price of gas) on interest rates being too low. Suppose the Fed raises the target for the federal funds rate from 2% to 2.75%. This change of percentage points means that the Fed raised its target by approximately .

EJERCICIO 2 A partir de las transacciones por usted elaboradas, elabore el libro diario. El día 10 de octubre de 2023, se realiza la apertura de una cuenta corriente en el Banco XYZ con un depósito inicial de 1.000.000. Este monto corresponde al capital inicial declarado al inicio de actividades de la empresa ABC Ltda: No se aplica IVA en esta transacción, ya que se trata de una operación bancaria de apertura de cuenta.

As a wealth-building strategy, your Professor suggests you should do what in the following scenario. You work for a company that offers a 401 K benefit, with a dollar-for-dollar match of up to 5% of your salary. - Put in 3% and have the company match that because the extra 2% over the 3% carries a higher tax rate - At the least put in 5% of your salary in the 401 K - Put 5% of your salary in the 401 K but decline the match for tax purposes - Wait until you are more financially secure to contribute and then put in 7%

high-low

If the total value of this issue was 50,000.00, what's the par value of each share?

Brief Exercise 1-4 (Static) Basic assumptions and principles [LO1-7, 1-8, 1-9] Identify the accounting concept that was violated in each of the following situations. 1. Astro Turf Company recognizes an expense, cost of goods sold, in the period the product is manufactured. 2. McCloud Drug Company owns a patent that it purchased three years ago for 2 million. The controller recently revalued the patent to its approximate market value of 8 million. 3. Philips Company pays the monthly mortgage on the home of its president, Larry Crosswhite, and charges the expenditure to miscellaneous expense.

Ana Luisa vai antecipar um que titulo de R 23000,00 que vencerá em 15 dias numa instituição financeira que cobra pela transação uma taxa nominal de 0,15% a.d. e IOF de 0,018% a.d. Qual será o valor resgatado por Ana Luisa?

Analyze the change in current assets from 2020 to 2021: Current Assets 2021 Current Assets 2020 40 31 146 131 209 190 total: 395 Total: 352 current Liabilities 2021 Current liabilities 2020 35 34 90 79 73 65 total: 198 Total: 178

A company with 100,000 authorized shares of 4 par common stock issued 50,000 shares at 9. Subsequently, the company declared a 2% stock dividend on a date when the market price was 10 a share. The effect of the declaration and issuance of the stock dividend is to a. increase retained earnings, decrease common stock, and decrease paid-in capital b. decrease retained earnings, increase common stock, and increase paid-in capital c. decrease retained earnings, increase common stock, and decrease paid-in capital d. increase retained earnings, decrease common stock, and increase paid-in capital

Question 4 1 pts Which of these documents is more commonly written in business? Essay Report Question 5 1 pts Which of these documents uses first-person ("I," "me," "you")? Essay Report Question 6 1 pts Which of these documents includes an Executive Summary? Essay Report

A manufacturer sells 40 boats per month at 45000 per boat, and each month demand is increasing at a rate of 3 boats per month. What is the fastest the price could drop before the monthly revenue starts to drop? [Revenue = Price × Quantity]

Related to Checkpoint 92 (Yield to maturity) Abner Corporation's bonds mature in 21 years and pay 9 percent interest annually. If you purchase the bonds for 725, what is your yield to maturity?

If the CDD School has an ROE of 17 percent and a payout ratio of 20 percent, what is its sustainable growth rate? 11.74 % 13.74 % 15.74 % 17.74 %

IV. DESARROLLO DE LA ACTIVIDAD 1) A partir de los siguientes requerimientos, elabore y redacte una transacción económica asociada a las especificaciones. En cada transacción usted deberá determinar los montos respectivos, sin dejar de cumplir con lo establecido en la instrucción. Incluya una fecha en cada transacción. (*) No olvide considerar el IVA en cada transacción que sea pertinente. Contexto Chileno REQUERIMIENTO TRANSACCIÓN EJEMPLO: EJEMPLO: Elabore una transacción que El día 03 de Marzo se realiza compra de 50 unidades de incluya una compra de material mercídería a 5.000 cada una (IVA incluido). El pago se realiza en la cual el pago sea un 40 % en efectivo y el saldo a Crédito simple a proveedores. porcentaje en efectivo y un porcentaje al crédito. Elabore la transacción que ajuste el IVA

Which of the following is correct? Over a long time frame, stocks have performed better than long-term Treasury bonds. Average stock returns are not an indication of what an investor may earn in any one year. In some years, long-term Treasury bonds performed better than stocks. All of these choices are correct.

Assume that today's date is February 15, 2015. Robin Hood Inc. bond is an annual-coupon bond. Par value of the bond is 1,000. Calculate annual coupon interest payments. The answer should be calculated to two decimal places Company Price Coupon Rate Maturity Date YTM Current Yield Rating Robin Hood 113.994 10.949 2-15- 2040 - - D

Market share is the portion of total sales in a product category accounted for by a particular brand.

Company, Expenses, Total Assets, Net Income, Total Liabilities DreamWorks, 22,000, 40,000, 19,000, 30,000 Pixar, 67,000, 150,000, 27,000, 147,000 Universal, 12,000, 68,000, 5,000, 17,000 a. Compute the debt ratio for each of the three companies. Note: Round your answers to 2 decimal places. Company, Debt Ratio DreamWorks, Pixar, Universal, b. Which company has the most risk from financial leverage?

Find the present value for the following future amount. 9810 at 2.5% compounded semiannually for 11 years The present value is (Do not round until the final answer. Then round to the nearest cent as needed.)

After a 80% reduction, you purchase a new washing machine on sale for 148. What was the original price of the washing machine? The original price was .

After finishing school, you decide to follow your dream of buying and running a food truck serving the best Cuban sandwiches and fries. In order to provide your customers with the highest-quality food possible, you do not make anything else. After prepping for several weeks, you're ready for your grand opening. You bought enough supplies to make 50 meals and know that it will cost you, including one assistant cook, 5.75 to make each meal. You've done your research and know that you live in a city where food trucks are all the rage. You've eaten at many of them and found that they charge, on average, 7.00 for a meal comparable to what you make. It's opening day and it is time to decide how much to charge your customers. Enter a number in the box below per meal

The balancing point that determines just how unique a marketing mix a firm can afford to develop for a particular market segment is Multiple Choice supply. profit. investment. demand. opportunity cost.

An outdoor spa (hot tub) draws 1482 watts to keep the water warm. If the utility company charges 0.12 per kilowatt-hour, how much does it cost to operate the spa for four months during the winter (24 hours per day Assume each month has 30 days. It costs to operate the spa for four months during the winter (Round to the nearest whole number as needed.)

Assets created by selling goods and services on credit are: Multiple Choice Accounts payable. Accounts receivable. Liabilities. Expenses Equity.

Goodsprings has a tax base of 90,000,000 and a budget of 1,100,000. What is the tax rate in terms of mills?

Disk drives have been getting larger. Their capacity is now often given in terabytes (TB) where 1 TB=1000 gigabytes, or about a trillion bytes. A survey of prices for external disk drives found the data shown to the right. For this data, we want to predict Price from Capacity. Complete parts a through i below. Click the icon to view the disk drive data and summary statistics. b1=142.35 (Round to two decimal places as needed.) b) What does the slope mean, in this context? A. It indicates the additional price in dollars for each additional TB of capacity. B. It is meaningless and should not be interpreted. C. It indicates the price for a hard drive with no capacity. This could be interpreted as the cost of the parts common to all drives. D. It indicates the additional capacity in TB for each additional dollar of price. E. It indicates the additional capacity in gigabytes for each additional dollar of price. c) Find the intercept, b0. b0= (Round to two decimal places as needed.)

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of 43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a 5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method.

Pregunta 2 8.33 pts Es sabido que durante la pandemia el consumo de algunos artículos como mascarillas y guantes aumentaron de forma exponencial; un proveedor de estos insumos cuenta con las bases de datos relacionales que incluyen fechas, cantidades, clientes, etc. Este piensa utilizar esa información para determinar la estacionalidad de la demanda de los distintos productos. De acuerdo con la descripción de la información que posee la empresa, ¿cómo clasificaría el conjunto de datos desde el punto de vista de BI? Datos relacionados. Datos estructurados. Datos no estructurados. Datos semiestructurados.

Max Hutcherson

Identify the accounting concept, assumption, or principle that best applies to each of the following situations: View the situations. a. Inflation has been about 3.5% for some time. Village Realtors is considering measuring its land values in inflation-adjusted amounts. Stable-monetary-unit assumption b. You get an especially good buy on a laptop, paying only 300 when it normally costs 800. What is your accounting value for this laptop? Entity assumption Going-concern assumption Historical cost principle Reliability principle Stable-monetary-unit assumption

Budget, Benannt, Kategorie, Automatisch, Keine Kategorie, Einkommen, Forderung, Tilgung, Aktuell, Zukünftig, OnlineBanking, OnlineBroker, Online (Portokasse), Überweisungen, Daueraufträge, Letzte Erfassung erfolgreich (Datum) (Uhrzeit)

Kim Exactly. And now you know what all those things mean! We say that GDP is measured in "market value," meaning that it's measured in what? Dollars Units of output Submit

Control de variación de la igualdad del inventario 1. Juan Pérez inicia actividades comerciales, aportando 2.000.000 en efectivo y un vehículo por 8.000.000. 2. Abre una cuenta corriente en el banco Estado con un depósito inicial de 1.500.000. 3. Compra mercadería al contado con cheque por valor de 3.500.000, (100 unidades a 35.000 cada una). 4. Compra de muebles para el uso del negocio, al crédito, por un valor de 600.000 5. Se cancela arriendo en efectivo, a Carlos Meza, por 300.000. 6. Se abona por la compra de muebles, 400.000 con cheque. 7. Compra mercadería al contado por valor de 2.800.000, (80 unidades a 35.000 cada una), se cancela el 50% al contado y el saldo al crédito simple. 8. Vende al crédito a Carlos guerrero por valor de 9.000.000, (150 unidades a 60.000 cada una), el costo de venta es de 35.000 cada unidad. 9. Se cancelan sueldos por 1.000.000 a través de transferencia.

The purpose of using the sample company is to become familiar with: The software Generally accepted accounting procedures (GAAP) The navigation bars Accounting procedures The navigation centers

Rita takes out a loan for her college tuition from a bank that charges simple interest at an annual rate of 5%, her loan is for 7700 for 4 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 4 months. (b) Assuming Rita doesn't make any payments, find the amount owed after 4 months.

Chapter 10 - Problem Assignment Diaz Company owns a machine that cost 126,200 and has accumulated depreciation of 93,400. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for 16,100 cash. 3. Diaz sold the machine for 32,800 cash. 4. Diaz sold the machine for 41,500 cash.

A manufacturer's cost of goods sold is based on its manufacturing costs incurred during the year. In contrast, a merchandiser's cost of goods sold is based on its merchandise purchases.

In 2022, a global survey of 3,000 CEOs across 40 countries and 28 industries was conducted. Which percentage of CEOs expected corm investments to bolster business results in the next five years? 51% 60% 71% 80%

QUESTION 8 A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers, who produced an average of 80 carts per hour. Workers receive 10 per hour, and machine cost was 40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by 10 per hour while output increased by four carts per hour. What is the multifactor productivity before buying new equipment (consider labor and equipment as inputs)? (Please keep two digits after the decimal point.)

Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed cost is 100; 70 items cost 2,200 to produce. The linear cost function is C(x)=

Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the tax tables to determine tax liability. a. Married taxpayers, taxable income of 97,463. b. Married taxpayers, taxable income of 66,829. Note: For all requirements, round "Average tax rate" to 2 decimal places.

How much horsepower is required to rotate a shaft load of 1,500 lb . ft at 10 rpm for ten seconds 28.6 hp 2.86 hp 0.286 hp None of the Above

Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated: Required: a. Calculate return on investment, based on net income and average total assets, for 2023 and 2022. b. Calculate return on equity for 2023 and 2022. c. Calculate working capital and the current ratio for each of the past three years. d. Calculate earnings per share for 2023 and 2022. e. If Wiper's stock had a price/earnings ratio of 12 at the end of 2023, what was the market price of the stock? f. Calculate the cash dividend per share for 2023 and the dividend yield based on the market price calculated in part e. g. Calculate the dividend payout ratio for 2023. h. Assume that accounts receivable at December 31, 2023, totaled 329 million. Calculate the number of days' sales in receivables at that date. i. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2023 and 2022. j. Calculate the times interest earned ratio for 2023 and 2022.

Suppose a price ceiling is imposed on grapes above their equilibrium price. The likely result will be: none of the above no result the price ceiling is not binding a significant change in quantity a significant change in price

Suppose a company incurred 1 million in expenses related to the restructuring of its business. These expenses related to store closings and severance pay for terminated employees. Because the restructuring is going to cause the company to have a "bad year," the CFO would like to make it a "really bad year." The CFO encourages the chief accountant to over-estimate certain expenses and charges. The CFO explains, "If we take the extra charges this year, then we don't have to report those charges in future years." Required: 1. Understand the reporting effect: If the chief accountant follows the CFO's request, how will net income be affected in the current year? How will it be affected in future years? 2. Specify the options: If the chief accountant does not follow the CFO's request, how is the balance of retained earnings affected in the current year? 3. Identify the impact: Are investors and creditors potentially harmed by the CFO's suggestion? 4. Make a decision: Should the chief accountant follow the advice of the CFO? 1. Net income will be in the current year and in future years. 2. The balance of retained earnings will be in the current year. 3. Are investors and creditors potentially harmed by the CFO's suggestion? 4. Should the chief accountant follow the advice of the CFO?

Consider the table below. Car Rental Trip Time Distance Traveled Cost ------------------------------------------------ First Trip 2 days 275 miles 140.75 Second Trip 1 day 95 miles 59.75 A salesman rents a car for two trips from the same rental company. The rental company charges a daily fee plus a charge for each mile driven. According to this table, how much did the rental company charge per day and per mile? a. 17 per day and 0.45 per mile c. 8.45 per day and 0.54 per mile b. 36 per day and 0.25 per mile d. 70.38 per day and 0.63 per mile

Purchased equipment for 11,000 in cash. Note: Enter debits before credits.

According to the Tableau dashboard, which day during the period saw the greatest increase in number of reports of COVID-19 in Form 8-K? (Mouse-over the chart to see quantities.) February 14 February 27 March 16 March 9

Assuming that Reader Direct generates net income of 3,500 and pays dividends of 2,100 in 2021, what would be the ending Retained Earnings balance at December 31, 2021?

Fill in the Blank Question Holt Computer Services purchased 2,000 of new equipment and paid immediately. Illustrate how to record the transaction into T-accounts of Holt Services by completing the following sentence. The Equipment account would be (debited/credited) on the (left/right) side of the T-account and the Cash account would be (debited/credited) on the (left/right) side of the T-account.

Prepaid accounts are (assets/liabilities) that represent prepayments of future expenses and are increased on the (right/left) side of the accounting equation.

A nurse is assessing a postoperative client prior to a teaching session. The nurse notes that the client is grimacing and restless. Which of the following barriers to learning is the client exhibiting? Psychomotor deficit Depression Physical discomfort Lack of motivation

Aug. 10. Purchased merchandise on account, 12,500, terms FOB shipping point, n/eom. Paid 300 cash to the freight company for delivery of the merchandise.

Question 1 20 Points What is the correct pay hour for one crew member? (A) 58 hours (B) 71 hours (C) 56 hours (D) 50 hours

The trial balance columns of the worksheet for Oriole Company at June 30, 2022, are as follows. Oriole Company Worksheet For the Month Ended June 30, 2022 Trial Balance ----------------------------------- Account Titles Dr. Cr. Cash 2,000 Accounts Receivable 2,700 Supplies 1,900 Accounts Payable 1,000 Unearned Service Revenue 380 Owner's Capital 2,300 Service Revenue 3,600 Salaries and Wages Expense 510 Miscellaneous Expense 170 Total 7,280 7,280 Other data: 1. A physical count reveals 500 of supplies on hand.

Question 19 According to life insurance contract law, insurable interest exists when any business relationship exists at the time of application at the time of death only when determined by a judge

True or false: Goodwill acquired in a business combination is amortized over its estimated service life. False

Nuestro cliente, Vivita, es una importante aseguradora de Asia que vende pólizas de seguro de vida a término. A cambio de una prima anual (por ejemplo, 100 dólares), promete pagar una suma global (por ejemplo, 100.000 dólares) en caso de que el asegurado fallezca durante ese año. Por lo tanto, la rentabilidad del producto depende principalmente de la precisión con la que los suscriptores de Vivita puedan pronosticar el riesgo de que los asegurados presenten reclamaciones durante el período de vigencia del seguro. Tradicionalmente, las aseguradoras han estimado el riesgo de siniestro utilizando datos demográficos amplios, como la edad, el sexo y el tabaquismo. Con la llegada de los rastreadores de actividad física portátiles, Vivita tiene ahora la oportunidad de segmentar a sus clientes y fijar el precio de su póliza de vida a término con mayor precisión. En particular, está estudiando una propuesta, cuyo nombre en código es Project Wapple, para ofrecer un descuento en la prima a los nuevos suscriptores que se ofrezcan voluntariamente a comprar un rastreador de actividad física y realicen al menos una actividad física moderada durante todo el año. Vivita no tiene intención de subvencionar el coste del rastreador de actividad física en virtud de este programa.

If you have a cash deficit on your income statement, you are insolvent. a. True b. False

Fill in the Blank Question PPE cost and accumulated depreciation are reported on the

Presented below are long-term liability items for Cullumber Company at December 31, 2022. Bonds payable, due 2024 650,000 Lease liability 80,000 Notes payable, due 2027 90,000 Discount on bonds payable 39,000 Prepare the long-term liabilities section of the balance sheet for Cullumber Company. (Enter account name only and do not provide descriptive information.)

Multiple Select Question Select all that apply In addition to the financial statements, which of the following must be included in the annual reports? - press releases. - management discussion and analysis. - corporate income tax returns. - notes disclosures.

A person who wants to get in shape goes to a local gym that advertises 74 training sessions for 1093. Find the cost of 102 training sessions. Round your answer to the nearest cent.

April 9) The company completed a 12,500 project for a client, who must pay within 30 days. Note: Enter debits before credits.

Compute the net income of the year for Company B. Equity, beginning of year 7,488 Add: Stock issuances 1,400 ? 8,888 Less: Cash dividends 2,000 Equity, end of year

How long will it take 3,000 to grow to 17,000 if it is invested at 7% compounded monthly?

In what order are current assets listed?

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