Answer:
A. Gaining the support of corporate giants would comprise a large part of the job
Explanation:
With Jessica's strong networking and interpersonal skills, she would be able to gain the support of corporate giants
Marston Manufacturing Company is considering a project that requires an investment in new equipment of $4,200,000, with an additional $210,000 in shipping and installation costs. Marston estimates that its accounts receivable and inventories need to increase by $840,000 to support the new project, some of which is financed by a $336,000 increase in spontaneous liabilities (accounts payable and accruals).The total cost of Martson's new equipment is ___________.
Answer:
$4,410,000
Explanation:
The computation of the total cost of Martson's new equipment is shown below:
= Required investment in new equipment + additional shipping and installation costs
= $4,200,000 + $210,000
= $4,410,000
We simply added the required investment value in new equipment and additional shipping and installation cost so that the correct value can come.
All other information which is given is not relevant. Hence, ignored it
The total cost of Marston's new equipment is $4,074,000, taking into account the initial investment, shipping and installation costs, and reduction due to an increase in spontaneous liabilities.
The total cost of Marston's new equipment can be calculated by adding the initial investment in new equipment to the shipping and installation costs, less any increase in spontaneous liabilities that offset part of the investment. Initial equipment cost is $4,200,000 and the shipping and installation costs are $210,000. However, the increase in spontaneous liabilities, which can be subtracted from these costs, is $336,000. Therefore, the calculation would be:
$4,200,000 (equipment) + $210,000 (shipping/installation) - $336,000 (spontaneous liabilities) = $4,074,000.
This reflects the actual cash outflow that the company anticipates for the new equipment, not including any changes to accounts receivable or inventories.
Donna’s philosophy as she coordinates her firm’s marketing efforts is to keep in mind the company’s overarching strategy, and to ensure that all marketing activities send a consistent message, beginning with the communications but also including the other marketing mix elements. Based on this information, Donna is most likely a proponent of___________.a. Integrated Marketing Communicationsb. Intended Marketing Commitmentsc. Media Reachd. Media Response
Answer:
Explanation:
Integrated Marketing Communications or IMC is an approaching in marketing that seeks to ensure a unified experience for a firm's customers, marketing efforts and even mangement across various channels of communication. IMC tries to ensure that a links are maintained among all forms of messages and communications between the firm and its consumers.
IMC not only ensure the integration of promotional or marketing tools to ensure harmony, it also ensures that marketing activities are constantly in line with the firm's strategies and objectives.
IMC seeks to integrate all levels of communcation including vertical, horizonal, external and internal levels of communication to strengthen its communcation lines and marketing activities.
Donna's approach constantly marries her firm's marketing activities with the company's strategies and goals through an integrated communication system that is constantly and consistently active for instructions as well as feedbacks. The approach believes that an organisation's objectives are better and easily achieved when all communication tools and channels work in harmony to create one voice.
Donna's approach in keeping the company's overarching strategy in mind and ensuring consistent messaging across all marketing activities aligns with the principles of Integrated Marketing Communications (IMC).
Explanation:Based on the information provided, Donna is most likely a proponent of Integrated Marketing Communications (IMC).
This strategic approach aims to deliver consistent and coordinated messages across varying promotional methods - advertising, public relations, direct marketing etc., guided by the company's overarching business strategy.
A key goal of IMC is that all aspects of marketing communication, including advertising, sales promotion, public relations, and direct marketing, work together as a unified force, rather than allowing each to work in isolation, which increases their overall effectiveness.
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Julianna, the HR manager at Hudson Corp., is facing criticism from the company's high-performing employees for the lack of an effective incentive scheme that rewards them with the necessary pay. The company has avoided paying out incentives in addition to employees' monthly salary in an attempt to minimize costs. But, after the last annual meeting, it has been decided to pay employees an incentive amount based on their performance ratings and their compa-ratio. In this scenario, Julianna would be applying the system of:a. commission b. standard hour pay c. merit pay d. piecework pay
Answer:
Juliana, the HR manager at Hudson Corp. would be applying the system of c. merit pay
Explanation:
Merit pay describes payment made to an employee if it has been measured and proven that the employee performed well and successfully achieved a set target.
The question is about paying incentives to high-performing employees and so, merit pay best describes the scenario being portrayed.
If you are interested in pursuing a B.S.E. (Bachelor of Science in Engineering) degree, please write a 300-500 word essay describing why you are interested in studying engineering, any experiences in or exposure to engineering you have had, and how you think the programs in engineering offered at Princeton suit your particular interests.
Explanation:
When I was in school grade 9, I had my first interaction with a robot during a visit to technology expo since then I could not think of anything else but to awe for exploring the fascinating world of robots.
I didn't had much resources to buy tools and components to build robots but still my passion kept me motivated and I found my way to get hands on scrap parts available at the various spots in my locality. Slowly and gradually, I kept learning and building robots and by the time I was in my high school, I had already won 3 major school competitions and received tremendous amount of recognition. Due to my outstanding performance, I was awarded with merit scholarship for the college.
In college, I continued my handwork and kept myself busy in exploring the depth of robotics. I had the pleasure of working on a big project funded by a our college. The project was to build a search and rescue quad-copter. Honestly speaking, it was not easy! I worked day and night tirelessly, and finally after 6 months I successfully built the quad-copter.
My goal is to become an inventor in the field of robotics. Building such robots that can make a difference in our lives and help humanity to grow and thrive. I believe that engineering program at Princeton encourages such passion and vision and would be a great learning platform for me to showcase my talent and skills.
Macroland, currency held by the public is 2,000 econs, bank reserves are 300 econs, and the required reserve/deposit ratio is 10 percent. If the Central Bank raises the required reserve/deposit ratio making the new desired ratio equal to 15 percent, then the money supply in Macroland will ________ to ________ econs, assuming that the public does not wish to change the amount of currency it holds.
A)20,000; 22,000
B)5,000; 2,000
C)3,000; 5,000
D)5,000; 7,000
Answer:
D)5,000; 7,000
Explanation:
Public is holding 2000 econs and banks reserves are 300 econs. It is mentioned that reserve requirement is 10%.
So total bank deposits must be 3000. Money supply in the economy is (3000 + 2000 = 5000)
When the reserve ratio is 0.1, that means the money multiplier is 10.
If there is an additional inflow of currency because of printing 200 econs by central bank then because of multiplier effect it will be 2000 econs.
Money supply from earlier 5000 econs will become 7000 econs.
Option D is correct.
Lori purchased educational savings bonds to help finance her son's education. She paid $4,000 for the bonds. The bonds matured at $6,000, and the son used $2,500 to pay his tuition for the first semester. The son quit school after one semester and Lori used the remaining money to buy her son a car. If Lori's AGI is $55,000, how much interest is included in her gross income?
Answer:
$1,167 nterest is included in her gross income.
Explanation:
Interest in this case = $6,000 - $4,000
= $2,000
Amount invested = 2,500/6000
= 41.67%
Interest excluded = 2,000*41.67%
= $833
interest included in Lori’s AGI = $2,000 – $833
= $1,167
Therefore, $1,167 nterest is included in her gross income.
In preparing consolidated working papers, beginning retained earnings of the parent company will be adjusted in years subsequent to acquisition with an elimination entry whenever:
a. a noncontrolling interest exists.
b. it does not reflect the equity method.
c. the cost method has been used only.
d. the complete equity method is in use.
Answer:
b. it does not reflect the equity method.
Explanation:
If the beginning retained earnings do not match with the equity method we must adjusted. If we do not; then after including the other transactions which are based on equity method will lead to a mistaken ending retained earnings and thus; the consolidated balance sheet will not match Assets with liabilities plus stockolders equity.
You earn $93,000 per year at your job. The index value for the medical care component of the CPI is currently 440 but is expected to increase next year to 481. How much money will you need to earn next year to be able to purchase the same amount of medical care? Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as "$," "=," "%," or "," in your answer.
Answer:
$101,665.91
Explanation:
Data provided in the question:
Current earnings = $93,000
Current CPI = 440
Expected future CPI = 481
Now,
The money needed to earn next year to be able to purchase the same amount of medical care will be
= Current earnings × [ Expected future CPI ÷ Current CPI ]
= $93,000 × [ 481 ÷ 440 ]
= $101,665.91
A company had the following assets and liabilities at the beginning and end of the current year:
Assets Liabilities
Beginning of year $ 231,000 $ 96,500
End of the year 262,000 78,400
Common stock in the amount of $ 23,500 was issued and dividends of $ 6,700 were paid during the year. What is the amount of net income for the year?
a) $18,900
b) $65,900
c) $49,100
d) $32,300
Answer:
$32,300
Explanation:
Begining equity = Begining asset - Begining liabilities
= $231,000 - $96,500 = $134,500
Ending equity = Ending asset - Ending liabilities
= $262,000 - $78,400 = $183,600
We will find the net income for the year using the below formula:
Ending equity = Begining equity + Stock issuance + Net income - Dividend paid, or:
$183,600 = $134,500 + 23,500 + Net income - $6,700.
Solve the above equation we get Net income = $32,300
Final answer:
The net income for the year is calculated by taking the change in equity from the increased assets and decreased liabilities and adjusting for the equity transactions of common stock issued and dividends paid. The correct net income for the year is $32,300.
Explanation:
To calculate the net income for the year, we need to look at the changes in assets, liabilities, and the equity transactions of common stock issuance and dividends paid. We use the accounting equation Assets = Liabilities + Shareholders' Equity to understand these changes.
The assets increased from $231,000 at the beginning of the year to $262,000 at the end of the year, resulting in an increase of $31,000. The liabilities decreased from $96,500 to $78,400, which is a decrease of $18,100.
We can now calculate the change in Shareholders' Equity by adding the increase in assets and the decrease in liabilities: $31,000 + $18,100 = $49,100. This is the change in equity, assuming no dividends were paid or common stock was issued.
Since the company issued $23,500 worth of common stock, this would increase Shareholders' Equity, and paying $6,700 in dividends would decrease it. So, the net effect on equity due to these transactions is $23,500 - $6,700 = $16,800.
To find the net income, we subtract the net effect of equity transactions from the change in Shareholders' Equity: $49,100 - $16,800 = $32,300.
The amount of net income for the year is therefore $32,300, which corresponds to option (d).
Universal Containers requires that the organization-wide default for opportunities be set to public read/write. However, sales users are complaining that opportunity reports return too many results, making it difficult to find their team’s opportunities in the report results.
A. Update the sharing rules to limit user access to certain opportunities
B. Move the opportunity reports into each user’s personal report folder
C. Move the opportunity reports into a folder with restricted access
D. Use the show filter to filter report results and reduce records returned
Answer: The correct answer is "D. Use the show filter to filter report results and reduce records returned".
Explanation: If sales users are complaining that opportunity reports return too many results, making it difficult to find their team’s opportunities in the report results it would be convenient use the show filter to filter report results and reduce records returned.
In this example of a Keynesian tax increase, the left-shift in Aggregate Demand resulting from the tax increase causes the price level to slide back to the $________ level..
In response to a Keynesian tax increase, the aggregate demand curve shifts left, indicating a contractionary fiscal policy. The outcome is a new equilibrium (E₁) where the inflationary gap is closed, and the economy comes back to the potential GDP level. Hence, the price level slides back to the $7000 level.
Explanation:In a Keynesian model, a tax increase would apply a contractionary fiscal policy that would shift the Aggregate Demand (AD) curve to the left. The original point where the aggregate expenditure (AE) line intersects the 45-degree line in the given example is at $8000, which is above the potential GDP of $7000. A tax increase, reducing consumers' or firms' disposable income, would cause a downward shift in aggregate expenditure (from AE to AE₁), aligning the economy back to the potential GDP level.
This action corresponds to Figure D9 (b) or Figure B9 (b) and is the proper Keynesian response towards an inflationary gap. The new equilibrium then rests at E₁, leading to a reduction of inflationary price pressures in the economy. Here, the economy steadies at potential GDP without fueling inflationary price hikes. As a result, the price level slides back to $7000 level, which is the level of potential GDP.
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Hadlee Corporation produces two products, P and Q. P sells for $9.50 per unit; Q sells for $5.50 per unit. Variable costs for P and Q are $5.00 and $3.00, respectively. There are 3,300 direct labor hours per month available for producing the two products. Product P requires 3.00 direct labor hours per unit, and product Q requires 5.00 direct labor hours per unit. The company can sell up to 900 units of each kind per month. What is the maximum monthly contribution margin that Hadlee can generate under the circumstances? (Round to nearest whole dollar.) A. $14,070 B. $300 C. $4,350 D. $4,050
Answer:
C. $4,350
Explanation:
We first calculate contribution per limiting factor to rate priority the products to be produced.
Contribution P = 9.50 - 5 = $4.50
Contribution Q = 5.50 - 3 = $2.50
Labor hours used,
P = 3
Q = 5
Contribution / labor hour
P = 4.50 / 3 = $1.5
Q = 2.50 / 5 = $0.5
We should prioritize production of P first and thus total units produced for P should be 900 using 900*3 = 2700 labor hours.
Q should be produced
Hours available for Q = 3300 - 2700 = 600 hours
Q production = 600/5 = 120 units.
Optimum Contribution =
900 units of P @ 4.50 contribution / unit = $4,050
120 units of Q @ 2.50 contribution / unit = $300
Total Contribution = 4,050 + 300 = $4,350
Hope that helps.
On December 31, 2015, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ed Abbey Co. agreed to accept a $200,000 zero-interest-bearing note due December 31, 2017, as payment in full.
Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. Ed Abbey is much more creditworthy and has various lines of credit at 6%.1.)Prepare the journal entry to record the transaction of December 31, 2015, for the Ed Abbey Co.2.)Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2016.3.) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2017.
Answer:ED Abbey journal $
Date
December 31, 2015
Note Receivable Dr 200,000
Consulting services Cr. 200,000
Narration.record of non interest note receivable due in 2017
December 2016.
Note receivable Dr 200,000
Consulting services Cr. 200,000
Narration. record of non interest receivable note due in 2017
December 2017
Note receivable Dr 200,000
Consulting services. Cr 200,000
Narration. record of non interest receivable note due in 2017.
Explanation:
The notes receivable was issued for service render and it's a non Interest bearing note even though it's payable in the future. This makes the figure to be constant throughout the year, though the company loan acquisition rate was given it does not affect the solution since no loan was bought in the interval.
.
To record the transaction for the zero-interest-bearing note on December 31, 2015, Ed Abbey Co. must recognize the present value of the note as a receivable and as service revenue. In subsequent years, interest revenue is accrued using the imputed interest rate of 10%.
The question is about accounting for a zero-interest-bearing note received in exchange for services provided, where the interest rate must be imputed based on the credit risk of the issuer of the note.
Journal Entry on December 31, 2015 (Service Rendered Date):
Dr. Notes Receivable (Present Value) $149,586
Cr. Service Revenue $149,586
The present value of the note is calculated using Hayduke's credit risk interest rate of 10%.
Journal Entry on December 31, 2016 (Year-End Adjustment):
Dr. Interest Receivable $14,959
Cr. Interest Revenue $14,959
This reflects the interest income earned on the note over one year. The interest is recorded even though it’s not paid, as per the accrual accounting principle.
Journal Entry on December 31, 2017 (Note Receivable Due):
Dr. Cash $200,000
Cr. Notes Receivable $149,586
Cr. Interest Receivable $14,959
Cr. Interest Revenue $35,455
The note is settled, and the total interest revenue over two years is recognized.
Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $90,000). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts would be:
Answer:
$36,000
Explanation:
Joint process cost =$85000
Allocation of Joint cost using relative sales value method:-
Sales value of Nuts = 5,000 pounds × $20 per pound
= $100,000
Sales value of Bolts = 10,000 pounds × $15 per pound
= $150,000
Total sales value = $100,000 + $150,000
= $250,000
Joint cost allocate to Nuts:
= (Total Joint cost ÷ Total relative sales value) × Sales value of Nuts
= ($90,000 ÷ $250,000) × $100,000
= $36,000
The amount of joint cost allocated to Nuts in Cheyenne Enterprises using the relative sales value method is $36,000, as calculated by apportioning the joint cost based on the relative sales values of Nuts and Bolts.
Explanation:To calculate the amount of joint cost allocated to Nuts using the relative sales value method, we first need to find the total sales values of both Nuts and Bolts at the split-off point. The value of Nuts would be 5,000 pounds multiplied by $20 per pound, which equals $100,000. The value of Bolts would be 10,000 pounds multiplied by $15 per pound, which equals $150,000. The total sales value at the split-off point would then be $100,000 (for Nuts) plus $150,000 (for Bolts), or $250,000.
The proportion of the total joint cost allocated to Nuts is then the sales value of Nuts divided by the total sales value. This equals $100,000 divided by $250,000, or 0.4. So, 40% of the joint cost would be allocated to the Nuts. Therefore, the joint cost allocated to Nuts is $90,000 (total joint costs) multiplied by 0.4 which equals $36,000
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A private university is made up of various "schools," such as the School of Journalism, the School of Business, the School of Law, the School of Arts and Sciences, and so forth. The university is experiencing some financial problems, so the administration has decided to have each school of the university become a profit center. This scheme is somewhat parallel to the ______ organizational structure. a. matrix b. functional c. network d. strategic business unit multidivisional
Answer:
The correct answer is D
Explanation:
SBU stands for Strategic business unit , it is a profit center whose focus is on the product offering and the market segment. It is usually have a marketing plan which is discrete, marketing campaign and analysis of competition, though it is a part of larger business entity.
So, the private university facing financial problems, they decided to become a profit center. Therefore, this scheme is parallel to SBU which is Strategic business unit.
The value of money has a ___________ relationship to the price level ( 1 / price level).
a. denominator
b. numerator
c. reciprocal
d. multiplier
Answer:
c. reciprocal
Explanation:
The value for the money is the amount of goods or service that can be bought or worth in exchange of 1 unit of money or you can say it how much goods or service need to be given up to get 1 unit of money. Therefore, value of money is the inverse or reciprocal for the price level. The value for money determine the purchasing power of the economy, The higher the price level, lower the Purchasing power of money.
Northern Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a​ one-year period.
a. Record the journal entry to record the original receipt of $150,000 cash.
b. Record the adjusting entry that southern magazine makes to record earning $ 9,000 in subscription revenue that was collected in advance.
Answer:
The Journal entries are as follows:
(a) Cash A/c Dr. $150,000
To subscriber A/c $150,000
(To record the original receipt of $150,000 cash)
(b) Subscriber A/c Dr. $9,000
To Revenue from magazine A/c $9,000
(To record the earning $ 9,000 in subscription revenue that was collected in advance)
On March 31, 2019, the Federal Unemployment Tax Payable account in the general ledger of The Argosy Company showed a balance of $1,507. This represents the FUTA tax owed for the first quarter of the year. On April 30, 2019, the firm issued a check to deposit the amount owed in the First Security National Bank. Record this transaction in general journal form.
Answer:Argosy Journal $
Date
March 31,2019
FUTA tax expenses Dr 1507
FUTA tax payable Cr 1507
Narration. Records of amount of futa tax payable.
April 30,2019
Investment- First security national bank Dr 1507
Bank account Cr 1507
Narration. Investment deposit to first security national bank
Explanation:
The liability to pay the Futa tax is represented in the Argosy account as an expenses to the income statement and a liability awaiting payment by Argosy.
The deposit of the amount of the tax to security bank account does not represents a payment of the liability but a transaction between the Argosy and the bank.
Mary is in contract negotiations with a publishing house for her new novel. She has two options. She may be paid $100,000 up front, and receive royalties that are expected to total $26,000 at the end of each of the next five years. Alternatively, she can receive $200,000 up front and no royalties. Which of the following investment rules would indicate that she should take the former deal, given a discount rate of 8%?Rule I: The Net Present Value ruleRule II: The Payback Rule with a payback period of two yearsRule III: The internal rate of return (IRR) RuleA) Rule II and IIIB) Rule I and IIC) Rule III onlyD) Rule I only
Answer:
D) Rule I only
Explanation:
The net present value value can be calculated by subtracting the amount that would be gotten now from the present value of the amount that would be gotten for the next five years.
The NPV can be found using a financial calculator
Cash flow for year 0 = $-100,000
Cash flow each year for year 1 - 5 = $26,000
I = 8%
NPV = $3810.46
The present value of the investment is $203,810.46 which is greater than $200,000. Mary should pick the first option.
The NPV is appropriate because the present value of both options can be compared.
The IRR is the discount rate which equates the after tax cash flows from an investment to the amount invested. The IRR cannot be used because the second option doesn't have a stream of cash flows to which to calculate its IRR.
The payback period measures how long it takes for the amount invested to be recouped from cash flows. The payback period cannot be used because there are no cash flows for the second option.
I hope my answer helps you.
Fun! Inc. had total sales of $ 480,000 in 2014. The total cost of goods sold was $ 400,000 and the administrative and sales costs were $ 100,000. what is the net income of the company in 2014?
Answer:
-$20,000
Explanation:
In the income statement, total revenue and total expenditures are reported.
If the total income is more than the total expenditure, then the company would gain net income And if the total income is less than the total expenditure, then the company will have a net loss This net income or net loss would be expressed in the statement of retained earning
The computation of the net income is shown below:
= Total sales - total costs of goods sold - administrative and sales costs
= $480,000 - $400,000 - $100,000
= -$20,000
A bank has $200 million in demand deposits and $150 million in reserves. The reserve ratio is 20 percent. What is the maximum amount of loans the bank can make from its reserves?
Answer:
maximum amount of loan bank that make reserve is $110 million
Explanation:
given data
demand deposits = $200 million
reserve = $150 million
reserve ratio = 20%
to find out
maximum amount of loan bank can make reserve
solution
we get here excess reserve that is
excess reserve = deposits × reserve ratio ...............1
excess reserve = $200 million × 20%
excess reserves is $40 million
so maximum amount of loan bank that make reserve is = $150 million - $40 million
maximum amount of loan bank that make reserve is $110 million
The maximum amount of loans the bank can make from its reserves is $110 million. This is calculated as the difference between the total reserves and the required reserves (based on the reserve ratio).
Explanation:The maximum amount of loans a bank can make is calculated as the difference between its total reserves and its required reserves. In this case, the bank has $150 million in total reserves. Because the reserve ratio is 20 percent, this means that the bank is required to have at least 20% x $200 million = $40 million as reserves. Therefore, the maximum amount of loans the bank can make from its reserves is $150 million - $40 million = $110 million.
To put it differently, if the bank’s total reserves are larger than the required reserves (based on the reserve ratio), the bank is able to make loans. This banking practice contributes to expand the money supply in the economy. However, it’s important to understand that if all depositors were to demand their money back at once, the bank would not have enough reserves on hand to satisfy this demand, which is known as a 'bank run' scenario.
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During periods of recession a(n) ___________ money policy is appropriate to encourage business expansion with low interest rate..
Answer:
the correct answer is easy
Explanation:
During periods of recession a(n)easy money policy is appropriate to encourage business expansion with low interest rate..
A researcher is studying the effectiveness of two different resident adolescent drug treatment programs. Program A is used at Summerhill adolescent facility. Program B is used at Winterdale adolescent facility. Because random assignment to treatments is not possible in this situation, what can the researcher do to minimize possible effects of sample bias?
Answer and explanation:
In order to avoid sample bias, it is important to make a classification of the teenagers being studied by categorizing them according to race, family composition, and drugs used, for instance. This will allow the researcher to compare similar samples of the two different facilities instead of picking some randomly without taking into consideration factors like the mentioned above.
To minimize possible sample bias when random assignment is not feasible, the researcher can employ strategies like matched sampling, controlling for confounding variables, propensity score matching, and conducting sensitivity analysis.
To minimize possible effects of sample bias when random assignment to treatments is not feasible, the researcher can employ various strategies:
1. Matched sampling: The researcher can carefully match participants in Program A with similar participants in Program B based on relevant characteristics such as age, gender, severity of drug addiction, socioeconomic status, and prior treatment history.
2. Control for confounding variables: The researcher can statistically control for known confounding variables that may influence the outcome by including them as covariates in the analysis.
3. Propensity score matching: The researcher can calculate propensity scores for each participant, representing the likelihood of being assigned to Program A or Program B based on observed characteristics, and then match participants with similar propensity scores.
4. Sensitivity analysis: The researcher can conduct sensitivity analyses to assess the robustness of the findings to potential biases.
By employing these strategies, the researcher can enhance the comparability of the treatment groups and minimize the influence of sample bias on the study results, thereby increasing the validity of the findings.
Wald Corporation's adjusted trial balance shows the following temporary accounts: service revenue: $20,000; salaries expense $8,000; insurance expense: $2,000; utilities expense: $3,000; interest expense $200; and depreciation expense: $1,400. As part of the the closing process, Wald should credit retained earnings for:
a. $5,400
b. $20,000
c. $14,600
During the process of closing accounts in accounting, Wald Corporation should credit its Retained Earnings account for $5,400. This is calculated by subtracting the total expenses from the service revenue. This credited amount represents the company's earnings after accounting for all expenses.
Explanation:In accounting, during the closing process, we aim to clear out the balances of the temporary accounts and transfer their net effect to the permanent accounts, like Retained Earnings. Wald Corporation's adjusted trial balance shows the following temporary accounts which include both revenues and expenses: service revenue, salaries expense, insurance expense, utilities expense, interest expense, and depreciation expense.
The revenue is the income earned by the corporation which is $20,000 in this case, and expenses are the cost incurred to earn this revenue, and here we sum up all the expenses which include salaries expense, insurance expense, utilities expense, interest expense and depreciation expense, we get a total expense of $14,600 ($8,000+$2,000+$3,000+$200+$1,400). Now, the net effect or the result from operations is found by subtracting total expenses from the service revenue which will be credited to the Retained Earnings account. Therefore, Wald Corporation should credit Retained Earnings for $5,400 ($20,000-$14,600).
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The modified approach to accounting for infrastructure assets may be utilized by a state or local government if:
i. The government accumulates information about all infrastructure assets within either a network or subsystem of a network.
ii. The government capitalizes infrastructure assets.
iii. The government expenses costs of maintaining the infrastructure assets.
iv. The government chooses to depreciate its infrastructure assets.
Answer:
I, II and III
Explanation:
Approaches to Accounting for Infrastructure by State or Local Government
Traditional Depreciation Approach
This approach depreciates infrastructure assets consistently with other assets. This approach lists infrastructure assets as part of depreciable assets
Modified Approach
This approach treats infrastructure assets under a few criteria:
Maintenance and Preservation costs are reported as expenses and depreciation expenses are not requiredInfrastructure Assets are listed as Capital Assets and non-depreciable assetsThere is an asset management network or subsystem in place that preserves the assets. This system is committed to maintaining the infrastructure at a specific condition levelCombined Approach
This system combines both the traditional depreciation methods and the modified approach for infrastructure assets. The Infrastructure system can be divided into sub-systems and the traditional depreciable approach can be used for a sub-system while the modified approach is used for an other sub-system
Modified Approach to accounting for infrastructure assets
Based on the Criteria for Modified approach system:
Option 1: Accumulation of information about all infrastructure assets within either a network or subsystem of a network will allow the use of the modified approach
Option 2: The Capitalization of infrastructure assets is also a feature of the Modified Approach
Option 3: Grouping maintenance cost of infrastructure assets as expenses also allow the use of the Modified Approach
Option 4: The Depreciation of Infrastructure assets will only allow the use of the Tradtitional Depreciation Approach
If the MPC is 0.9 and a component of AD, such as Government, is increased by $2, then the maximum amount of change in income and output for the nation would be ___________1. $20 2. $25 3. $50 4. $100
Answer:
1. $20
Explanation:
MPC = 0.9
g = $2
change in y = 1/(1 - MPC)*g
= 1/(1 - 0.9)*2
= $20
Therefore, The maximum amount of change in income and output for the nation would be $20.
Even Better Products has come out with an even better product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.30. Its earnings this year will be $2 per share. Investors expect a 12% rate of return on the stock. a. At what price and P/E ratio would you expect the firm to sell? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answer:
Current Price is $23.33
P/E ratio is 11.66
Explanation:
Computing the P/E ratio by dividing the current price with the projected earnings:
P/E ratio = Current Price / Projected earnings
where
Current Price is to be computed as:
Current Price = EPS × ( 1 - Plow back ratio) / Rate of return - (ROE - Plow back ratio)
= $2 × (1 - 0.30) / 0.12 - (0.20 × 0.30)
= $2 × 0.7 / 0.12 - 0.06
= $1.4 / 0.06
= $23.33
Projected earnings is $2
Putting the values above:
= $23.33 / $2
= 11.66
Suppose in a six-team league, the winning percentages were as follows at the end of the season. Team A: .750, Team B: 0.600, Team C: 0.500, Team D: 0.500, Team E: 0.400, Team F: 0.250.
(a)Compute the standard deviation of winning percentages within season (4 points). (Round to the third decimal.)
(b) Why do we use team-specific variation across seasons to measure competitive balance to complement the within season variation? (1 point)
Using the above, suppose each team plays a 50-game schedule. (Compute the "ideal" benchmark standard deviation based on equal playing strength, and the ratio of the actual to the ideal. (2 points)
Compute the same measures if they were to play a 90-game schedule (Round to the third decimal.) (2 points)
Which one has a higher "ideal" benchmark standard deviation and why? (1 point)
Answer:
Please see attachment
Explanation:
Please see attachment
Madrid Company has provided the following data (ignore income taxes):
2014 revenues were $77,500.
2014 net income was $33,900.
Dividends declared and paid during 2014 totaled $5,700.
Total assets at December 31, 2014 were $217,000.
Total stockholders' equity at December 31, 2014 was $123,000.
Retained earnings at December 31, 2014 were $83,000.
Which of the following is not correct?
A. 2014 expenses were $43,600.
B. Total liabilities at December 31, 2014 were $94,000.
C. Retained earnings increased $33,900 during 2014.
D. Common stock at December 31, 2014 was $40,000.
Answer:
C.Retained earnings increased $33,900 during 2014.
Explanation:
Total expenses during the year=Revenue- net income
=77,500-33,900
=$43,600
Therefore, option A. is correct
Total Liabilities=Total assets-total equity
=217,000-123,000
=$94,000
Therefore, option B. is correct
The formula for calculating Retained earnings is given as follows:
Retained earnings at year end=Opening retained earnings+net income-dividend paid.
83,000=opening retained earnings+33,900-5,700
opening retained earnings=83,000-33,900+5,700
=54,800
Change in retained earnings=closing retained earnings-opening retained earnings
Change in retained earnings=83,000-54,800=28,200
Therefore, Option C. is not correct
Common stock at December 31, 2014=total equity-total retained earnings
=123,000-83,000
=$40,000
Therefore, Option D. is correct
Based on the above discussion the answer is C.Retained earnings increased $33,900 during 2014.
The correct answer is option C. Retained earnings increased $33,900 during 2014.
Explanation:To determine which of the given options is not correct, we need to analyze each option individually.
A. 2014 expenses were $43,600:
This can be calculated by subtracting the net income of $33,900 from the revenues of $77,500: $77,500 - $33,900 = $43,600. Since this calculation matches the given expense amount, option A is correct.
B. Total liabilities at December 31, 2014 were $94,000:
To calculate total liabilities, we subtract stockholders' equity from total assets: $217,000 - $123,000 = $94,000. Since this calculation matches the given amount, option B is correct.
C. Retained earnings increased $33,900 during 2014:
We can determine the change in retained earnings by comparing the net income and dividends declared: $33,900 - $5,700 = $28,200. Since this calculation does not match the given change, option C is incorrect.
D. Common stock at December 31, 2014 was $40,000:
Common stock can be calculated by subtracting retained earnings from stockholders' equity: $123,000 - $83,000 = $40,000. Since this calculation matches the given amount, option D is correct.
Therefore, the correct answer is option C. Retained earnings increased $33,900 during 2014.
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On October 1, 2021, Oberley Corporation loans one of its employees $27,000 and accepts a 12-month, 10% note receivable.Calculate the amount of interest revenue Oberley will recognize in 2021 and 2022.
Answer:
2021 $675
2022 $2,025
Explanation:
Assuming that the financial year of the Oberly Corporation is from January to December.
The amount of interest revenue that will be recognised by the Oberly Corporation in its financial statements for the year ended December 31, 2021 will be as follows:
Interest Revenue=Principal amount*interest rate*3/12
Interest Revenue=27000*10%*3/12=$675
Since the Oberly Corporation has extended loan to its employee on October 1,2021, therefore only interest revenue of only 3 months will be recognised in the year ended December 31, 2021.
The amount of interest revenue that will be recognised by the Oberly Corporation in its financial statements for the year ended December 31, 2022 will be as follows:
Interest Revenue=27000*10%*9/12=$2,025
;
Oberley Corporation will recognize $675 in interest revenue for the year 2021 and $2,025 for the year 2022 from the $27,000 loan to an employee at a 10% interest rate.
Explanation:To calculate the amount of interest revenue Oberley Corporation will recognize in 2021 and 2022 from the $27,000 loan to an employee at a 10% interest rate, we need to consider the fraction of the year the loan is outstanding in each year. Since the loan is issued on October 1, 2021, and is a 12-month note, the interest for 2021 will be for 3 months, and the interest for 2022 will be for the remaining 9 months.
The annual interest on the loan is calculated as follows:
Interest = Principal × Interest rate × Time
For 2021:
Interest = $27,000 × 10% × (3/12) = $675
For 2022:
Interest = $27,000 × 10% × (9/12) = $2,025
Therefore, Oberley Corporation will recognize $675 in interest revenue for 2021 and $2,025 in interest revenue for 2022.