Relationship-enhancing attributions involve Giving credit for positive actions and excusing transgressions.
Explanation:
Relationship-enhancing features happen when people place greater responsibility for the positive behavior on their relationships and less responsibility for the negative behavior of their partners.
If your partner brought you flowers, that's because he's sweet and sweet. But that's because he's caught in the traffic (something he wouldn't control when he's slow for a date).
In special relationship research, attributions are frequently divided into two classifications: attributions that "improve relationship" and attributions that "maintain distress" (Bradbury & Fincham, 1990), respectively.
Relationship-enhancing attributions involve giving credit for positive actions and excusing transgressions, which can help maintain a positive view of a partner.
Explanation:Relationship-enhancing attributions involve C) Giving credit for positive actions and excusing transgressions. This type of attribution reflects a tendency to view a partner's positive behaviors as intentional and as a reflection of their character, while negative behaviors are seen as circumstantial or situational. In contrast to relationship-enhancing attributions:
Actor/observer bias suggests that people attribute their own actions to situational factors while attributing others’ actions to their dispositions.Self-serving bias refers to the common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.The fundamental attribution error is the tendency to overemphasize personality traits and underestimate situational factors when explaining another's behavior.These biases and attribution errors can impact relationships, as they affect the way individuals perceive and react to each other's behaviors.
If a producer violates an insurance law and also commits a criminal action in the process, which action is the Director most likely to take against the producer?
Answer:
The director is required to send a mail concerning the revocation notice to the producer.
Explanation:
Where a producer violates an insurance law and also commits a criminal action in the process, the director is expected to send a notice to the producer and inform the Attorney General for possible prosecution.
Big Trail Running Company has started to produce running apparel in addition to the trail running shoes that they have manufactured for years. They feel that a departmental overhead rate would best reflect their overall manufacturing overhead usage. Based on research the following information was gathered for the upcomingyear:
Machining Department Finishing Department
Estimated Manufacturing Overhead by Department $1,000,000 100,000
Trail Running Shoes 130,000 machine hours 9,000 direct labor hours
Running Apparel 70,000 machine hours 71,000 direct labor hours
Manufacturing overhead is driven by machine hours for the machining department and direct labor hours for the finishing department.
1. Based on this information, what is the departmental manufacturing overhead rate for the machining and finishing department, respectively? (Round any intermediary calculations and your final answer to the nearest cent.)
A. $7.69 per machine hour and $1.41 per direct labor hour
B. $14.29 per machine hour and $11.11 per direct labor hour
C. $5.00 per machine hour and $1.25 per direct labor hour
D. $5.50 per machine hour and $13.75 per direct labor hour
Answer:
Option (C) is correct.
Explanation:
For Machining department,
Manufacturing overhead rate:
= Estimated Overhead cost ÷ Amount of allocation base
= [$1,000,000 ÷ (130,000 + 70,000) machine hours]
= $1,000,000 ÷ 200,000 machine hours
= $5.00 per machine hour
For Finishing department,
Manufacturing overhead rate:
= Estimated Overhead cost ÷ Amount of allocation base
= [$100,000 ÷ (9,000 + 71,000) direct labor hours]
= $100,000 ÷ 80,000 direct labor hours
= $1.25 per labor hour
Digital compression technology made it possible for MTV to program across a global network. What other technologi- cal innovations have helped companies to think globally and act locally?
Answer and explanation:
Factors such as technological innovation and Internet's growing position, has changed the way businesses are run worldwide. Internet retailing is an example of technological innovation that has helped businesses think globally. With companies like Amazon and Alibaba, this has created an evolutionary change in the retail concept.
A group of welders is trying to decide if they should join the union or not. They have heard pros and cons about unions. As the manager of this group, you are in support of them joining the union because of its effect on productivity. What do you think the manager knows about unions that the welders may not?
Answer: Trade unions aid workers productivity by ensuring the following
Explanation:
(1) Quick conflict resolution ( trade unions ensure that workers grievance are effectively addressed by their employees which will avert any shutdowns of operations)
(2) Building of Trust: trade unions help workers in the trust building process which in helps them to work with Assurance of adequate compensation.
(3) Employees retention: since employees trust their employees they tend to be more committed and ready to work for longer periods.
In the basic economic order quantity (EOQ) model, at Q* the estimated total annual holding cost:
a. is less than the estimated total annual ordering cost.
b. equals the estimated total annual ordering cost.
c. is greater then the estimated total annual ordering cost.
d. bears no necessary relationship to estimated total annual ordering cost.
e. None of the above
Answer:
In the basic EOQ model, the estimated annual holding cost equals the estimated total annual ordering cost. The correct answer is B.
Explanation:
In the basic EOQ model, the estimated annual holding cost is calculated as QH/2, where Q = EOQ and H = Holding cost per item per annum.
Estimated total annual ordering cost is calculated as DCo/Q, where D = Annual demand, Co = ordering cost and Q = EOQ.
The estimation of annual holding cost and annual ordering cost gives the same answer.
Answer: d
Explanation: there is no necessary fixed relationship between the holding cost and the ordering cost apart from the fact that they are inversely related. The EOQ is set out to reduce the costs of both. But mind you that there is an inverse relationship between the holding cost and the ordering cost
the cost of inventory under the EOQ model involves a tradeoff between inventory holding costs (the cost of storage, as well as the cost of tying up capital in inventory rather than investing it or using it for other purposes) and order costs (any fees associated with placing orders, such as delivery charges).
Suppose you plan on eating 50 potato chips. As you start consuming potato chips, your marginal utility is very high, but it begins to fall slowly until you’ve eaten 10 chips. After you have eaten 10 chips, your marginal utility decreases even faster with each additional chip. Marginal utility continues to decline until you’ve eaten 49 chips. The fiftieth chip does not give you any additional utility. After 50 chips, your mouth gets so salty that it is unpleasant to eat any more, so marginal utility is actually negative for those chips. How many chips should you eat in order to maximize your total utility?
a.1
b. 10
c. 49
d. 51
Answer:
correct option is c. 49
Explanation:
given data
plan eating = 50 potato chips
begins eaten = 10 chips
Marginal utility continues eaten = 49 chips
to find out
How many chips should you eat in order to maximize your total utility
solution
we can say that here consumer will consume only 49 chips to maximize utility because till 49th chip utility is increasing but at a decreasing rate
and 50th chip provides no additional utility
so utility is maximize at 49 chips
correct option is c. 49
Final answer:
To maximize total utility, the student should eat c. 49 potato chips because at that point, the marginal utility decreases to zero and eating more would lead to negative marginal utility.
Explanation:
To maximize total utility, you should continue to consume potato chips until the marginal utility becomes zero or negative. According to the description given, you start to enjoy less utility from each additional chip after eating 10 chips. This marginal utility keeps declining but is still positive until you consume the 49th chip. The 50th chip gives you no additional utility—indicating that your total utility is maximized at 49 chips. Therefore, consuming beyond this point would lead to negative marginal utility as the experience becomes unpleasant.
On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to:
Answer:
The dollar amount of dividends that will be distributed for the 2016 is $0.26
Explanation:
The dividend distributed to preferred stock = 7% x 20,000 shares x $10 par value = $14,000
The dividend distributed to common share = total distribituion of $40,000 – distributed to preferred stock $14,000 = $26,000
The earning per common share (EPS) = Total dividend distributed/ number of shares outstanding = $26,000/ 1,000 shares = $26
The dollar amount of dividends = EPS/ par value = $26/ $100 = $0.26
"Big Burger has 100,000 shares of common stock outstanding at a market price of $40 a share. There are 10,000 shares of 8 percent preferred stock outstanding at a market price of $30 a share. The firm has 1000 bonds outstanding with a face value of $1,000 and a market price of $960. The firm’s tax rate is 34 percent. What weight should be assigned to the cost of common stock when computing the weighted average cost of capital?"
Answer:
weight % of equity = 76.05%
weight % of preferred stock = 5.70%
weight % of debt = 18.25%
Explanation:
calculation for equity:
total number of equity is 100,000
market price of stock = 40
so total value of stock = 40 × 100,000 = 4,000,000
calculation for preferred stock:
total number of share is 10,000
market price of stock = 30
so total value of stock = 30 × 10,000 = 300,000
calculation for debt:
total number of bond is 1,000
market price of bonds = 960
so total value of stock = 960 × 1,000 = 960,000
total value = 4,000,000 + 300,000 + 960,000 = 5,260,000
Calculation of weight percentage
weight % of equity =[tex]\frac{4,000,000}{5,260,000} = 0.7604 = 76.04%[/tex]
weight % of preferred stock [tex]= \frac{300,000}{5,260,000} = 0.0570 = 5.70[/tex]%
weight % of debt [tex]= \frac{960,000}{5,260,000} = 0.1825 = 18.25\%[/tex]
Some of Alpha’s Board members are worried that shareholders are expecting a dividend next year and that announcing plans to skip next year’s dividend will lower the stock price today. Suppose Alpha were to announce instead that it plans to pay its usual dividend one year from now and that it has no plans for any new investment at T = 1. What will happen to the stock price today?
Answer:
It depends but is highly probable that the stock price goes down either way
Explanation:
Explanation: A listed company that does not invest at least to keep the market growing pace, could be seen as company without ambition, therefore, more likely to lose market share against competitors, therefore to lose revenue, to lose present value and the stock price falls. Since the stock price of a company is based entirely on the value expectation of the company in the future, informing to the market that Alpha is not going to make any investment next year is the same that declaring company is expected to remain at the same size and operation levels than the current year. This view of stagnation is against the common belief that the market is growing naturally by population growth and the increasing capacities of the technology to unlock a new source of market growth (new product categories, geographies, needs).
Alan (27) and Kara (26) are married and filing a joint return. Both Alan and Kara were full-time students all year at State College, located at 11100 College Boulevard, Your City, Your State. During the year, Alan paid $5,000 in tuition and fees, substantiated with Form 1098-T. Kara paid $3,900 in tuition and fees, also substantiated with Form 1098-I. Both Alan and Kara have part-time jobs outside of school. They did not receive any scholarships during the year. Their adjusted gross income is $45,000. Their total tax on line 11 of their federal Form 1040 is $2,142. They had no additional taxes. Both Alan and Kara meet all the requirements to qualify for the American Opportunity Tax Credit.
Complete Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits) for Alan and Kara.
Answer:
AOLC_{Allan}=$2750
AOLC_{Kara}=$2475
AOLC_{Allan}=$1000
AOLC_{Kara}=$780
Explanation:
American Opportunity Learning credit.
First, assuming Allan and Kara are eligible, we must know how the two forms of credit work. For the American Opportunity Learning credit (AOLC), it is possible to receive 100% of the tax deduction for the first 2000 and then 25% of the deduction up to a maximum of 2500. So, the amount of the opportunity credit for Allan and Kara is given by:
[tex]AOLC_{Allan}=2000+(5000-2000)*0.25=2750[/tex]
[tex]AOLC_{Kara}=2000+(3900-2000)*0.25=2475[/tex]
Now, for the American Lifetime Learning credit (ALLC), we have to allow 20% deduction of taxes up to $2000 if the person meets the requirement of not earning more than 68000, then:
[tex]AOLC_{Allan}=5000*0.2=1000[/tex]
[tex]AOLC_{Kara}=3900*0.2=780[/tex]
Partridge, Inc. provides the following information for2017:
Net income $33,000
Market price per share of common stock $13/share
Dividends paid $0.90/share
Common stock outstanding at Jan. 1, 2017 110,000 shares
Common stock outstanding at Dec. 31, 2017 155,000 shares
The company has no preferred stock outstanding. Calculate the dividend yield for common stock. (Round your answer to two decimal places.)
A.5.00%
B.1.92%
C.6.92%
D.7.44%
Answer:
C.6.92%
Explanation:
The computation of the dividend yield is shown below:
= (Dividend paid per share) ÷ (Market price per share of common stock) × 100
= $0.90 ÷ $13 × 100
= 6.92%
It shows a relationship between the dividend per share and the market price per share of common stock so that the accurate dividend yield could find out
All other information which is given is not relevant. Hence, ignored it
SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 19,100 shares of its common stock at $20 per share. On June 9, 13,700 of the reacquired shares were sold at $25 per share, and on November 13, 4,000 of the reacquired shares were sold at $21. Required:
a. Journalize the transactions of March 9, June 9, and November 13. Refer to the Chart of Accounts for exact wording of account titles.
b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
c. What is the balance in Treasury Stock on December 31 of the current year?
d. How will the balance in Treasury Stock be reported on the balance sheet?
Answer:
treasury stock 382,000 debit
cash 382,000 credit
cash 342,500 debit
treasury stock 274,000 credit
additional paid-in TS 68,500 credit
cash 84,000 debit
treasury stock 80,000 credit
additional paid-in TS 4,000 credit
additional paid-in TS 72,500
Treasury Stock 28,000
The Treasury Stock will be reported as a decrease to the equity.
Explanation:
19,100 shares x $20 per share = 382,000
13,700 shares x $20 per share = 274,000
13,700 shares x $25 per share = 342,500
additional paid-in = 68,500
4,000 shares x $21 per share = 84,000
4,000 shares x $20 per share = (80,000)
additional paid-in 4,000
68,500 + 4,000 = 72,500 additional paid-in TS
TS 382,000 - 274,000 - 80,000 = 28,000
You have a $102000 portfolio comprising 16 stocks. You trade each stock five times this year and each time you trade, you pay about $30 in commissions and spread. You have no special knowledge, so you earn only the average market return of 14% on your investments. How much lower will your total return be because of your trades?
Answer:
My total return is lower 1.05% because of my trades
Explanation:
The total commission and spread I have to pay for trading five times in year is $150 (= $30 x 5)
The total return on the portfolio of $102,000 is $14,280 =(14%*$102,000)
So the total commission and spread / the total return = $150/$14.280 = 1.05%
Selected information from the accounting records of Ellison Manufacturing Company follows:
Net sales ............................................ P3,600,000
Cost of goods sold ................................... 2,400,000
Inventories at January 1 ............................. 672,000
Inventories at December 31 ........................... 576,000
What is the number of days' sales in average inventories for the year?
a. 102.2
b. 94.9
c. 87.6
d. 68.1
Answer:
b. 94.9
Explanation:
The computation of the number of days' sales in average inventories is shown below:
Day inventory outstanding = (Beginning inventory + ending inventory) ÷ 2 ÷ cost of goods sold × total number of days in a year
= ($672,000 + $576,000) ÷ 2 ÷ $2,400,000 × 365 days
= ($624,000 ÷ $2,400,000 ) × 365 days
= 94.90 days
Simply we take the average of inventory and divide from the costs of goods sold
All other information which is given is not relevant. Hence, ignored it
Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a fair market value of $90,000 and an adjusted basis of $75,000. John contributed equipment with a fair market value of $170,000 and an adjusted basis of $20,000. John had previously used the equipment in his sole proprietorship.
a. How much gain or loss will Liz, John, and the partnership realize?
b. How much gain or loss will Liz, John, and the partnership recognize?
c. What bases will Liz and John take in their partnership interests?
d. What bases will LJ take in the assets it receives?
e. Are there any differences between inside and outside basis? Explain.
f. How will the partnership depreciate any assets it receives from the partners?
Answer:
Consider the following calculations
Explanation:
a. Liz: Gain = $90,000 - $75,000 = $15,000
John: Gain = $170,000 - $20,000 = $150,000
Partnership: The total value of property received
b. As per section 721, There is no gain or loss is recognized by partnrhsip or other partners on formation of the entity.
c. Liz: Substituted basis = $80,000 + $75,000 = $155,000
John: Substituted basis = $20,000 i.e. in equipment
d. Partnership LZ : Carry over basis = $80,000 + $75,000 + $20,000 = $175,000
e. No, there is no diffrence.
Inside basis : $80,000 + $75,000 + $20,000 = $175,000
Partners
Harvey Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment which has no salvage value. The project would provide net operating income each year as follows for the life of the project (Ignore income taxes.):
Answer:
3 years
Explanation:
The formula to compute the payback period is shown below:
= Initial investment ÷ Net cash flow
where,
Initial investment is $450,000
And, the net cash flow = annual net operating income + depreciation expenses
= $105,000 + $45,000
= $150,000
Now put these values to the above formula
So, the value would equal to
= ($450,000) ÷ ($150,000)
= 3 years
Before-tax cost of debt and after-tax cost of debt David Abbot is buying a new house, and he is taking out a 3030-year mortgage. David will borrow $199 comma 000199,000 from a bank, and to repay the loan he will make 360360 monthly payments (principal and interest) of $1 comma 117.451,117.45 per month over the next 3030 years. David can deduct interest payments on his mortgage from his taxable income, and based on his income, David is in the 3030% tax bracket.
a. What is the before-tax interest rate (per year) on David's loan?
b. What is the after-tax interest rate that David is paying?
Answer:
Before-tax interest rate = 6.738%
After-tax interest rate = 4.7169%
Explanation:
Before we determine before and after tax interest rate per year, we need to understand the tax consequences arising from raising debt finance. Normally debt finance is considered a cheaper source of finance than other long term sources of finance due to two main reasons, 1st, debt providers require greater security (i.e assets being secured/charged) and 2nd, interest on debt is tax-deductible which means companies raising debt finance will benefit by paying lower taxes due to the interest being paid before taxes, hence, reducing the taxable income and tax liability. Therefore, an entity's after-tax interest rate will always be lower than before-tax interest rate. This will be proved as follows:
The formula used to compute before-tax interest rate/cost of debt is as follows;
kd = (i÷ market value of debt)×100
i = yearly interest
yearly interest= 1117.451×12= $13409.412
kd = ($13409.412÷$199000)×100
kd= 6.738%
The formula for after-tax interest rate is same except for the inclusion of tax consequences, as follows:
kd = {i(1-t) ÷ market value of debt} ×100
As we know the after-tax interest is interest paid on debt less any income tax savings due to deductible interest expense, that's why the (1-t).
kd = {$13409.412(1-0.30)÷199000}×100
kd= $9386.588 ÷$199000×100
kd= 4.7169%
Restrictions imposed by an entity prohibited the observation of physical inventories, which accounted for 35 percent of total assets. Alternative auditing procedures were not feasible, although the auditors were able to examine satisfactory evidence for all other items in the financial statements. The auditors would most likely express ___.
Answer: disclaimer of opinion on the financial statements
Explanation: Disclaimer of opinion is an auditor's assertion that there is no view on a customer's financial reports. For many purposes, this notice may be given.
The auditor might not have been required or able to finish all proposed audit procedures, for example. Or, with such a degree that perhaps the auditor was also unable to express an opinion, the customer limited the applicability of the investigation.
If the client requires the auditor to perform the scheduled work or corrects an existing irregularity, a safe judgment may be given by the auditor. The warning remains in effect till the auditor gives a substitute judgment.
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 3.5, and the price elasticity of demand is −0.4. The cross-elasticity of demand for beer with respect to the price of liquor is 0.1. If the new tax is imposed, who will bear the greater burden long —liquor suppliers or liquor consumers?
Answer:
Liquor consumers
Explanation:
Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.
Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.
The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.
If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.
If taxes are imposed on suppliers, the quantity supplied would fall more.
Therefore , the burden of tax can be passed on more to consumers.
I hope my answer helps you.
Given the high price elasticity of supply for liquor (3.5) and the low price elasticity of demand (-0.4), the tax incidence indicates that liquor consumers would bear the greater economic burden of the additional tax on distilled liquors, as they are less responsive to price changes.
Explanation:When analyzing the tax incidence of a proposed additional tax on distilled liquors, it's crucial to understand the concepts of price elasticity of supply and price elasticity of demand. In this case, the price elasticity of supply for liquor is given as 3.5, indicating that liquor suppliers are highly responsive to price changes. In contrast, the price elasticity of demand is -0.4, suggesting that liquor consumers are not as responsive to price changes.
According to economic principles, when the supply is more elastic than the demand, as in this liquor market scenario, consumers will bear the greater burden of the tax because they have a more inelastic demand. Suppliers can more easily adjust the quantity supplied or move their resources to different markets in response to tax changes. Additionally, the cross-elasticity of demand for beer concerning the price of liquor is 0.1, which is relatively low, indicating that a change in the price of liquor due to the new tax would not significantly influence the demand for beer.
Therefore, upon imposition of the new tax on liquor, liquor consumers would experience a greater economic burden, since they are less responsive to price changes compared to the producers.
Assume someone organizes all farms in the nation into a singleminusprice monopoly. As a result, the price consumers pay for food A. rises. B. does not change, that is, it remains constant. C. falls. D. might rise or fall depending on whether the demand for food is elastic or inelastic. E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.
Answer:
E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.
Explanation:
In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.
The legal liability of a common carrier for damage to or loss of goods in its custody
(A) is somewhat less than that of a bailee.
(B) is slight, as a result of state and federal regulations.
(C) cannot be limited through the use of a bill of lading.
(D) is quite strict, with the carrier being liable for all losses except those caused by certain specified perils.
Answer:
The correct option is (d).
is quite strict, with the carrier being liable for all losses except those caused by certain specified perils.
Explanation:
The legal liability of a common carrier for damage to or loss of goods in its custody is that he takes full responsibility for the goods except those caused by certain specified perils.
In its first year of operations Acme Corp. had income before tax of $400,000. Acme made income tax payments totaling $150,000 during the year and has an income tax rate of 40%. What is the balance in income tax payable at the end of the year?
Answer:
$10,000 (Credit balance)
Explanation:
Given that,
Income before tax = $400,000
Income tax payments during the year = $150,000
Income tax rate = 40 percent
Therefore,
The balance in income tax payable at the end of the year:
= Tax liability - Income tax paid
= ($400,000 × 40%) - $150,000
= $160,000 - $150,000
= $10,000 (Credit balance)
When institutions and policies provide secure property rights, a fair and balanced judicial system, monetary stability, and effective limits on the power of government, which of the following is most likely to be encouraged?
(A) Rent-seeking.
(B) Actions that reduce the value of resources.
(C) Productive activities.
(D) Destructive activities.
Answer:
(C) Productive activities.
Explanation:
All the actions detailed are traits of a public power that respect the free market as a system that allocates resources as efficiently as possible. In this case, the public system works for the mechanism of prices functions based on private decisions and firms can rely upon that none public disturbance arises in the future. The other 3 options used to occur when public institutions intervene in the free market.
im Marlow, the owner of The Clock Works, wanted to know how many clocks he must sell in order to cover his fixed cost at a given price. Tim knew that he had a fixed cost of $20,000 for equipment, taxes, and a bank loan. He also had a unit variable cost of $20 per clock for labor, materials, and promotional costs. If the price Tim charges for each of his clocks is $40, what is his break-even point quantity? Group of answer choices
Answer:
Break even point will be 2000
Explanation:
We have given fixed cost = $20000
Variable cost = $20 per clock
And Tim charges $40 for each clock
So sales cost = $40
So contribution margin per units = $40 - $20 = $20
We have to find the break even point
Break even point is given by
Break even point =\frac{fixed\ cost}{contribution\ margin\ per\ unit}=\frac{$20000}{$20}=2000
When firms in a market expect the price of their products to rise, the supply curve of their goods ________, causing the equilibrium price to ________.
Answer:
SHIFT TO THE LEFT, & RISE
Explanation:
When firms knows that the future prices of their goods are going to rise then as a result they decreases the current supply of goods and shifts the supply curve leftwards. This shift in the supply curve increases the equilibrium price level and decreases the equilibrium quantity in an economy.
Firms reduces the supply of the product because they wants to earn more profit in the future with higher profits, so they hold some quantity of the goods for the future benefit.
Warren Company began the accounting period with a $38,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $88,000. The accounts receivable account at the end of the accounting period contained a $19,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period?
a. $75,000
b. $95,000
c. $107,000
d. $31,000
Answer:
c. $107,000
Explanation:
We can calculate cash collected from the customers by following calculations
Accounts receivable op balance $38,000
Add : Sales on account during year $88,000
Less Closing Balance on Receivables - $19,000
Cash Collected from Customers $107,000
This is the net amount collected on behalf of customers while $19,000 is still recoverable in consequent accounting cycle.
Hope that helps.
Final answer:
The cash collected from customers by Warren Company during the accounting period is $107,000. This figure is calculated by adding the revenue on account to the beginning Accounts Receivable balance and then subtracting the ending Accounts Receivable balance.
Explanation:
The amount of cash collected from customers during the period can be determined by analyzing the changes in the Accounts Receivable balance. Warren Company began the period with a $38,000 debit balance in Accounts Receivable and ended the period with a $19,000 debit balance while recording $88,000 in revenue on account. The calculation is as follows:
Beginning Accounts Receivable + Revenue on Account - Ending Accounts Receivable = Cash Collected from Customers
$38,000 + $88,000 - $19,000 = $107,000
Therefore, the amount of cash collected from customers is $107,000, making option c) the correct answer.
On January 1, Sway Corporation had 60,000 shares of $10 par value common stock outstanding. On March 17, the company declared a 15% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a:
a.credit to Cash for $90,000.
b. debit to Common Stock Dividends Distributable for $90,000.
c. credit to Paid-in Capital in Excess of Par for $27,000.
d. debit to Stock Dividends for $27,000.
Answer:
Explanation:
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
If the cost of producing orange juice​ increases, the equilibrium price of orange juice will​ ________ and the equilibrium quantity of orange juice will​ ________.A. decrease; increase B. increase; decrease C. decrease; decrease D. increase; increase
Answer:
B. increase; decrease
Explanation:
At equilibrium, the quantity demanded of orange juice equals the quantity supplied.
If the cost of producing orange juice increases, the quantity supplied would drop. This would lead to a rise in price and a fall in quantity demanded.
I hope my answer helps you
Special Order Carson Manufacturing, Inc., sells a single product for $43 per unit. At an operating level of 8,000 units, variable costs are $18 per unit and fixed costs $10 per unit. Carson has been offered a price of $27 per unit on a special order of 2,000 units by Big Mart Discount Stores, which would use its own brand name on the item. If Carson accepts the order, material cost will be $2 less per unit than for regular production. However, special stamping equipment costing $14,000 would be ne
Answer:
It would be convinient to accept the order as it will increase the operating income by $4,000
Explanation:
Special order unit cost:
sales price 27
variable cost (18 - 2) 16
contribution 9
2,000 units x $9 = 18,000 contribution
special equipment (14,000)
net result: 4,000
The Coase Theorem suggests that negotiations to eliminate an externality allow the resource toA. continue to benefit everyoneB. move to the person who values it the mostC. move to the person who needs it the mostD. stop causing the externality altogether
Answer:
B. move to the person who values it the most.
Explanation: