Answer:
principal and interest payments upon bond maturity.
Explanation:
Based on the information provided within the question it can be said that your investment would be payed back on principal and interest payments upon bond maturity. A capital appreciation bond is a municipal security which is reinvested at a stated rate, and once the maturity date is reach, only then can it be redeemed for it's face value plus all of the accrued interest. These bonds usually take between 10-20 years to mature.
Ken, a C.P.A., charges an annual fee to all of his clients for his services. Ken's services sometimes include investment advice but no extra fee is charged for that advice. After he begins spending 30% of his time giving investment advice, he decides to advertise the availability of the investment advisory services. According to the Investment Advisors Act of 1940, Ken is subject to regulation as an investment advisor:[A] When he gives advice about specific securities to clients.[B] When he starts spending more than 25% of his time providing investment advice.[C] When he begins advertising the availability of the investment advisory services.[D] When he starts charging investment advisory clients different fees than those charged the accountant's clients.
Answer:
C) When he begins advertising the availability of the investment advisory services.
Explanation:
The Investment Advisor Act of 1940 states that an individual is subject to regulation as an investment advisor if the individual gives investment advice and advertises himself/herself as offering such investment advisor services.
In this case, the moment Ken begins advertising his advisor service, he is subject to regulation under the Investment Advisor Act of 1940.
Which of the following is true?
Monetarists argue that the crowding-out effect is rather large.
Monetarists advocate increasing the money supply by a constant rate year after year.
Keynesians advocate increasing the money supply during economic recessions but decreasing the money supply during economic expansions.
Keynesians argue that the crowding-out effect is rather insignificant.
All of these.
Answer: The correct answer is "All of these".
Explanation: All of these statements are TRUE.
Monetarism is an economic doctrine that studies the effects of variations in the money supply on the relevant economic variables (such as employment, prices or production).
Keynesianism is based on state interventionism, defending economic policy as the best tool to get out of an economic crisis. Its economic policy is to increase public spending to stimulate aggregate demand and thus increase production, investment and employment.
Which of the following is a potential advantage to working in a commercial fitness facility?A. Can work from homeB. In-house employee trainingC. No employer supervisionD. Works only when required
Answer: Option B
Explanation: In simple words, commercial fitness facility refers to the gymnasiums an other such facility centers where individuals can go and work out for a better health and fitness. In house training refers to the knowledge that an employee gains while working for an organisation.
Employees working in such facility centers have the advantage to learn new techniques and exercises while working and getting paid. These facilities core operations relates to training their clients and making them more healthy thus they have to train their employees properly so they can handle the clients.
While doing so employee would get an in house training for the work that he or she is going to perform in the future,
If you were talking to Todd, an average person, and asked him what the term culture meant, he would reply that it is ________.
A. the formal rules of an organization
B. the nature of products/services offered by the company
C. a set of operational procedures for the company
D. the shared values and practices of the firm
Answer:
An average person may say that it is A. the formal rules of an organization.
This is because an average person only sees the outer surface and does not analyze the deeper layers of an organization.
However, the correct answer is the D. the shared values and practices of the firm.
Explanation:
Culture is mainly a mindset. Although there various cultural variables such as language, artifacts, body language, gender roles, etc.. eventually it comes down to the shared values and practices of individuals in the firm.
______________ believe that there is only a small amount of crowding-out if any at all..
Answer:
Keynesian
Explanation:
Keynesian is one of the famous economists who have written various macroeconomic theories. According to Keynesian, government intervention is essential to boost economic growth and to increase development work in a country. Similarly, Keynesian believed that government intervention leads to a small amount of crowding out if any at all which means that government intervention affects the market.
When the price of product A rises, the quantity of product B that is purchased decreases. Products A and B are:__________
Answer:
They are Complimentary Goods.
Explanation:
Complimentary goods are defined in economics as products that whose use is related to the use of an associated or paired good.
i.e.: Like Cars and Petroleum
When the price is increase in one product, then the quantity demand for that product decreases. This in tern affects the other related product and the quantity demand of that related product falls as well.
Answer: Product A and B are complimentary Goods .
Explanation: Complimentary Goods are a part of 'Price of related goods' factor affecting demand , among the 4 factors - Price of good , Price of related goods (substitute & complimentary) , Income , Taste preferences
These are goods which are jointly demanded . Eg Inverter & Battery .
These goods price & demand have inverse relationship implying price rise of one good leads to fall in other good demand , price fall of one good leads to rise in other good demand .
This happens because price of one good rise leads to fall in its demand (price demand inverse relationship as per law of demand) , which subsequently reduces the demand for its complement good also as both are used jointly .
Similarly , price fall of good reduces its own as well as its complement good demand.
Eg Price rise of petrol can lead to a reduction in demand of cars .
A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 per wash, and the price of workers is $60 per day. The car wash should hire a fifth worker if it would increase total production to at least
a.92 cars per day.
b.100 cars per day.
c.104 cars per day.
d.110 cars per day.
Answer:
b) 100 cars per day.
Explanation:
With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.
So the total labor costs per day is $60 wage per worker X 4 workers = $240
The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.
So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.
If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).
So, profits would increase to $180 ($500 - $320) if the firm hired a fifth worker.
However, productivity should still be stable, so a worker who washed less than 20 cars per day should not be hired, this is why the A option is wrong.
The receiving report is used to________.
a. advise general ledger of the accounting entry to be made
b. advise the vendor that the goods arrived safely
Answer:
The receiving report is used to advise the vendor that the goods arrived safely (option b)
Explanation:
The receiving report is a document and accounting support detailing receipts in a storage area. You must show the code, description, quantity and value of the goods received, as well as the date of receipt and the signature of the person who received. In other words, it is a document prepared with the purpose of specifying the quantity and class of materials received.
It is useful to create a paper record of material receipts from suppliers and to record problems that may have been detected during the inspection processes or to report that the merchandise arrived safely in case of not registering problems.
This report is issued by the receiving warehouse in Duplicate, once the products received have been verified and inspected.
The receiving report is used to advise the vendor that the goods arrived safely (option b)
If a company has a capital structure of $5,000,000 common stock with a cost of 17%, $2,000,000 bonds at 4%, $1,000,000 of short term debt with a cost of 7%, and $2,000,000 preferred stock with a cost of 3%, what is the weighted average cost of Capital?
Answer:
Explanation:
Weighted Average Cost of Capital; formula is as follows;
WACC = wE*re + wP*wp + wD*rd(1-tax)
where w= weight of...
r = cost of ...
E= common equity
P = preferred stock
D = Debt
Find the weights of each source of capital;
WACC = (0.50*0.17) +(0.20*0.03) + [0.20*0.04(1-0.40)] +[0.10*0.07(1-0.40)]
WACC = 0.085 +0.006 + 0.0048 + 0.0042
WACC = 0.1 or 10%
A rectangular box has a volume of $4320$ cubic inches and a surface area of $1704$ square inches. The sum of the lengths of its $12$ edges is $208$ inches. What would be the volume of the box, in cubic inches, if its length, width and height were each increased by one inch?
Answer:
the volume would be V₂ = 5225 in³
Explanation:
denoting w as width , L as length and h as height , then the volume of the box will be
V = w*h*L
the surface area will be
S= 2*w*h + 2*w*L + 2*h*L→ S/2 = w*h +w*L + h*L
and the sum of the lengths TL will be
TL = 4*h + 4*L + 4*w → TL/4 = w + h + L
if the dimensions would increase 1 unit , the volume would be
V₂ = (w+1)*(h+1)*(L+1) = w*h*L + w*h+ wL +w + hL + h + L +1 = w*h*L + (w*h+ wL+hL) + (w+h+L) + 1 = V + S/2 + TL/4 +1
V₂ = V + S/2 + TL/4 +1 = 4320 in³ + 1704 in²/2 *1 in + 208 in/4 * 1 in² +1* 1 in³ = 5225 in³
V₂ = 5225 in³
Answer:
the volume would be V₂ = 5225 in³
Explanation:
I took the test
In an establishment that serves alcohol for on premise consumption and gets less than 50% of its gross receipts from alcohol sales, a cashier can be 16.
a) true
b) false
Answer:
True
Explanation:
An on premise establishment is one in which goods and services are used accordingly within the grounds of the establishment.
In an establishment where alcohol is sold and its not 50% of gross receipts it is safe for a 16year ol to be a cashier in such establishment since alcohol like any other goods or service is taken or used accordingly in the establishment.
Cheers.
A hamburger costs $8 in the United States and ¥960 in Japan. The nominal exchange rate is ¥110 per dollar. The inflation rates in the United States and in Japan are 2% and 4%, respectively. The purchasing power parity is _____ per dollar.
Answer:
122.4
Explanation:
The formula for calculating purchasing power parity is given below:
Exchange rate for the Purchasing power parity can be calculated using the below formula:
960/8=120¥ per $
ST = S0 × (1 + if/ 1 + id)
ST = Estimated spot rate at end of period
S0 = Current spot rate
if = period inflation rate in foreign currency
id = period inflation rate in domestic currency
ST=120 x (1+4%/1+2%)
=120 x (1.04/1.02)
=120 x 1.02
=122.4 ¥ per dollar
Lancaster salesperson Jamie Dafe has begun to branch out into mortgage brokering. She continues to show homes to clients, but hasn't been actively seeking out new listings. Instead, she acts as a loan broker by buying, selling, or exchanging loans. Which of the following statements applies to Jamie's current situation?A. Jamie may not act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law, set forth under the California Business and Professions Code, Article 7.B. Jamie may act as a loan broker without receiving any special license, other than her active California real estate broker's license, as long as she follows the stipulations set forth under the Mortgage Loan Broker Law, under Article 7 of the California Business and Professions Code.C. In California, a licensed real estate broker MAY assist the buyer in filling out the loan application for a financial institution, but may NOT arrange for financing for the buyer, or broker loans herself. In Jamie's situation, she is acting out of the realm of her real estate broker's license, and can face monetary damages and/or prison time for violating the California Financial Code AND the California Businessand Professions Code, Article 5.D. In California, anyone who wishes to sell, buy, or exchange loans, must meet two requirements: (1) The person must be licensed as a real estate salesperson or broker in California; and (2) The person must first obtain a Commissioner's Permit to Broker Loans. Jamie needs to fulfill this second requirement before she may legally broker loans in California, under Article 5 of the California Business and Professions Code, which is known as the Mortgage Loan Broker Law.
Jamie Dafe, transitioning into mortgage brokering from being a salesperson, needs to obtain a proper license as per the Mortgage Loan Broker Law under Article 7 of the California Business and Professions Code.
Explanation:Based on the given information, statement A applies to Jamie's current situation. As per the Mortgage Loan Broker Law, stipulated under Article 7 of the California Business and Professions Code, Jamie may not act as a loan broker unless she is duly licensed as one. Jamie being a salesperson shifting into mortgage brokering, needs to acquire the proper license to legally act as a loan broker. Similarly, her existing license as a California real estate broker doesn't empower her to operate as a loan broker without the necessary additional license.
Learn more about Licensing of Mortgage Loan Brokers here:https://brainly.com/question/34616940
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Sam is a retiree with considerable resources, so he doesn't really spend much time on purchase decisions. His belief is that the most expensive brand is probably also the best in terms of quality. Sam uses price as a _____ indicator of quality.
Answer: completing the last sentence in question:
Sam uses price as a surrogate indicator of quality.
Explanation: From the question, Sam when making purchases, has a believe that the costlier goods posses more quality than other cheaper goods. Therefore he is indirectly taking price as a key indicator of quality or a replacement for quality.
The minimum possible value of the "Frequency of Championships" Herfindahl-Hirschman Index is:__________.
Answer:
1/N
Explanation:
Herfindahl-Hirschman Index is used to measure the market concentration and market competitiveness of firm(s).
A major advantage of this index is that it is easy to calculate while using small amount of data required for calculation.
It been used by government agencies such as the U.S. Department of Justice for cases involving mergers and acquisition.
Since we are concerned with the minimum possible value we divide [tex]\frac{1}{N}[/tex].
Final answer:
The minimum possible value of the Herfindahl-Hirschman Index is zero, indicating perfect competition.
Explanation:
The Herfindahl-Hirschman Index (HHI) is a measure of the size of firms in relation to the industry and the amount of competition among them. It is calculated by summing the squares of the percentage market shares of all participants in the market. The minimum possible value of the HHI is zero, which represents perfect competition, while the maximum value is 10,000, indicating a monopoly. Therefore, the minimum value of the 'Frequency of Championships' Herfindahl-Hirschman Index would be zero.
Xavier Co. wants to purchase a machine for $36,100 with a four year life and a $1,100 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $11,100 in each of the four years. What is the machine's net present value (round to the nearest whole dollar)?
Answer:
$1,473
Explanation:
The net present value is the present value of after tax cash flows substracted from the initial investment.
The net present value can be calculated using a financial calculator:
Cash flow for year zero = $-36,100
Cash flow for year one to three = $11,100
Cash flow for year four = $11,100 + $1,100 = $12,200
I = 8%
NPV = $1473
An investment advisor has access to a confidential report prepared by a respected securities analyst. Under NASAA's Statement of Policy on Unethical Business Practices, if he bases his recommendations to a client based on the information in this report:
A. He, as well as his client, could be guilty of violating the prohibition against insider trading
B. He must tell his clients that he has investment advice based on the analyst's report
C. He is acting unethically by using the report prepared by the analyst
D. He must compensate the securities analyst for the information if he receives any form of compensation for his investment advice based on the report
Answer:
The correct answer is C.
Explanation:
As per NASAA'S statement of policy on unethical business practices an investment advisor is acting unethically by using the report prepared by analyst.
Background:
NASAA stands for North American Securities Administrators Association. NASAA is an association of state securities administrators whose responsibility is to protect the consumers who purchase securities or investment advice. Its mission is protecting consumers who purchase securities or investment advice, and its jurisdiction extends to a wide variety of issuers and intermediaries who offer and sell securities to the public.
Answer:
C. He is acting unethically by using the report prepared by the analyst
Explanation:
NASAA stands for NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION
According to the Statement on Policy and Unethical Business Practices, a broker-dealer or agent who engages in any practice that is deemed as unethical or dishonest may suffer suspension, denial, revocation of registration or any such action authorized by stature.
In answering the question, since the report is already tagged confidential (private, restricted or intended to keep secret), it will be unethical to use and as such using that information as the basis of recommendation to clients would be termed as unethical. The report should only be used for the intended private purpose.
Partypolist, a store that sells party supplies, sends discount coupons to its regular customers before Christmas and Halloween every year. In the context of the evolution of marketing, which of the following eras does this scenario most likely refer to?
Answer:
Relationship Era
Explanation:
Based on the information provided within the question it can be said that the era that is most likely being referred to in this scenario is the Relationship Era. This is an business era that describes the slow changes made towards the move to long-lasting relationships between the business and it's customers. Which is what Partypolist wants to accomplish by awarding the regular customers every year with discount coupons in order to establish long-lasting relationships.
A decision tree is _____.
a. a structure of problem-solving ideas, with its roots based on the organization's mission
b. the hierarchy that must be followed when getting decisions approved
c. a graph of decision and their possible consequences
d. a location used by Chinese philosopher Confucius in times of intense pressure
e. an organization's decision network
Answer:
c. a graph of decision and their possible consequences
Explanation:
Decision tree -
It is a model in the form of a tree , which act as a supporting tool to get all the possible outcomes i.e. , utility , resource cost , outcomes , is referred to as decision tree.
Hence , from the given options of the question, the correct statement regarding decision tree is c. a graph of decision and their possible consequences .
A decision tree is a visual tool used to map out the different pathways that can be taken in the decision-making process, detailing the consequences of each potential decision.
Explanation:A decision tree is c. a graph of decisions and their possible consequences. This graphical representation is used in various fields such as business, engineering, and computer science to visualize the decision-making process. It consists of nodes representing decisions or chance outcomes, branches that correspond to the choices or steps that can be taken, and leaves that represent the potential outcomes or end states after the decisions have been made.
Decision trees help in analyzing the effects of different paths and can thus assist in making better, more informed decisions. For example, when drawing a tree diagram in probability, it represents all potential outcomes of an experiment, aiding in the visualization and calculation of probabilities. Similarly, in syntactic analysis, tree diagrams illustrate the structure of sentences by showing how units of language, or constituents, come together.
Quinn contracts to provide ten tons of scrap steel at $500 per ton to Rendered Materials, Inc. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Quinn to fulfill the contract for less than $5,000 per ton. Quinn's best defense against performing the contract would be thata. procuring the steel would force Quinn into bankruptcy.b. the law has rendered performance of the contract illegal.c. performance of the contract is commercially impracticable.d. the specific subject matter of the contract has been destroyed.
Answer:
C) performance of the contract is commercially impracticable.
Explanation:
Contract law contemplates certain situations where performing the contract is either difficult or impossible and therefore the party is not liable for breaching the contract.
Commercial impracticability applies to contracts where the performance of at least one party is impracticable and cannot be accomplished.
In this case, Quinn cannot perform his duty since the price of scrap steel increased beyond any reasonable price contemplated in the contract. Since Quinn is not responsible for setting the price of scrap steel, he is not liable for breaching the contract.
Quinn's best defense against performing the contract due to an unforeseen shortage of scrap steel is claiming that performance has become commercially impracticable. Thus, the correct option is c.
Under contract law, an excuse for non-performance can be made if an unforeseen event significantly increases the cost of performance to the point where the contract becomes commercially impracticable.
This is typically covered under the legal doctrine of commercial impracticability, which relieves a party from their contractual obligations if performing the contract has become extremely difficult or unusually expensive due to unforeseen events.
In this case, the unexpected shortage of scrap steel making the cost jump from $500 to $5,000 per ton makes fulfilling the contract commercially impracticable for Quinn.
An economics professor, upset about the rising cost of textbooks, proposed that his department purchase 50 copies of a statistics book so the students in the statistics class would not have to purchase their own books but rather could borrow a book for the semester and then return it for the next class to use. Which of the following strategies would not prevent a common resource problem with the textbooks?a) Students will be required to pay a deposit for the textbook, which is refundable at the end of the semester when the book is returned in good condition.b) The textbooks are placed in a common area of the department so students can borrow and return them as needed.c) Students must sign a form agreeing to return the book or pay a fine equal to the replacement cost of the book.d) The textbooks are placed in the professor’s office and will only be given to students who are registered members of the class. These students will not receive their final course grades until the books are returned.
Answer:
B) The textbooks are placed in a common area of the department so students can borrow and return them as needed.
Explanation:
To avoid a new tragedy of the commons from occurring in the statistics class, each student that receives a book should be responsible for taking good care of it.
If the books are simply placed in a common area, anyone can come and take a book home and never return it or return it in a very bad shape.
How do changes in planned expenditures affect the aggregate demand curve?
Answer:
When there is change in income level which determines the level of planned expenditures, there is a movement along the Aggregate expenditure curve but a shift towards the left or right on the Aggregate Demand curve.
Explanation:
Planned expenditures depicts the relationship between total spending, which is determined by income level in the economy; and the level of real GDP produced, with price level kept constant. Hence, an increase in income causes a movement along the Aggregate Expenditure curve.
Aggregate Demand depicts the relationship between price level and the level of real GDP produced, with income level kept constant. Hence, an increase in price level triggers a movement along the Aggregate Demand curve.
Therefore when income level changes which by extension means a change in planned expenditures, there is a movement along the aggregate expenditure curve but an left (inward) or right (outward) move on the Aggregate Demand curve; as long as price levels remain constant
Which of the following options is important to research when planning to expand delivery of products and services to customers across the globe?
A. What times of the day international shoppers are online
B. The legal and tax considerations in that market
C. Which social channels are popular in that market
D. Which couriers offer the cheapest services for global shipping
Answer:
The correct answer is: "B. The legal and tax considerations in that market".
Explanation:
When a company wants to expand its delivery of products across the world, it is important to research all countries the company wants to reach, which includes the legal and tax considerations of all these different places. Each country has its own norms and functioning of taxes depending on products and the amount of them. This means that the company must research very well which places fit its planning of expansion for providing customers with the right informations and pricing. The other options may be important, but they do not apply to the question because they are important for the whole process of delivery, whether it is local or global.
Researching the legal and tax implications, understanding the popular social channels, and evaluating courier services are crucial steps when expanding product and service delivery globally.
Explanation:When planning to expand delivery of products and services globally, it's essential to research various factors that can significantly impact the venture's success. Among the options provided, the most crucial ones to consider are:
The legal and tax considerations in the market you're expanding to. Different countries have varying regulations, tax structures, and compliance requirements that could affect how you conduct business.Which social channels are popular in that market. It's important to understand where your target customers are and how to best engage with them.Which couriers offer the best services for global shipping, not just the cheapest. Reliability, coverage, and cost-effectiveness are key to ensuring your products reach customers in a timely and satisfactory manner.Factors such as the time when international shoppers are online may also be relevant but are less critical than legal, social channel, and courier considerations.
Seattle Inc. identifies an investment opportunity, which will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year 10. The initial cash outflow is $150,000, and the firm's required rate of return is 10 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the payback period for this investment? (Round off the answer to two decimal places.)
Answer:
the payback period = 4.86 years
Explanation:
Seattle's cash flows are as following:
Year Cash flow Accumulated cash flows
0 -$150,000 -$150,000
1 $30,000 -$120,000
2 $30,000 -$90,000
3 $30,000 -$60,000
4 $30,000 -$30,000
5 $35,000 $5,000
6 $35,000 $40,000
etc.
The payback period is between year 4 and 5:
4 years + ($30,000 / $35,000) = 4.86 years oryear 4 + [($30,000 / $35,000) x 365 days] = 4 years and 313 daysManagement has a legal and professional responsibility to be sure that the financial statements are prepared in accordance with reporting requirements of applicable accounting frameworks.
a.True
b.False
Answer:
a. True
Explanation:
An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.
The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.
According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing
a.the self-actualizing level of needs
b.the need for love and belonging
c.physiological need for health
d.the esteem need that accompanies keeping a clean house
Answer:
According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing
C. Physiological Need for Health
Explanation:
According to Maslow's Need of hierarchy, humans move from
Physiological Needs: Basic biological needs, like air, water, food, shelter, clothing, primary health needs etc
Safety Needs: Need of personal security, property, resources etc
Need of Belonging: Having friends, family, people to talk to with etc
Esteem Needs: Need for self respect, freedom, status, recognition etc.
Self-actualization Need: Reaching the heights where one can go and attaining the most highest form of something which one desires.
After reading all the above needs, it is very much clear in understanding that Clorox wipes highlighting the germ-harboring aspect of conventional sponges, is addressing the Physiological Need for Health.
The marketing of Clorox wipes targeting germs relates to Maslow's physiological need for health, as it addresses basic survival concerns such as maintaining a healthy environment.
According to Maslow's Hierarchy of Needs, when Clorox wipes underscore the germ-harboring aspect of conventional sponges, it addresses the physiological need for health. Maslow's Hierarchy begins with the most basic level of needs, which are physiological needs. These needs refer to the essentials for survival, such as food, water, and overall health. If these foundational needs are not met, they become the primary focus of motivation. In marketing, highlighting the health benefits of a product, such as the germ-killing capabilities of Clorox wipes, directly appeals to this fundamental need for health and well-being.
On December 31, a company has the following bank accounts and corresponding cash balances:California BankOperating – Summit Ridge ($400,000)Operating – Bakersville 300,000Operating – Smithville 50,000Savings 500,000Sedona BankChecking ($375,000)How should the company report the above bank account balances in the balance sheet at December 31?A. Cash of $75,000.B. Cash of $450,000 and a liability of $375,000.C. Cash of $850,000 and a liability of $775,000.D. Cash of $800,000 and a liability of $725,000.
Final answer:
The company should report a total cash balance of $1,250,000 on its balance sheet, and after deducting the Sedona Bank Checking account overdraft of $375,000, the net cash reported would be $875,000. None of the options provided (A, B, C, or D) are correct based on the calculation of the account balances provided.
Explanation:
On a company's balance sheet at December 31, the company should report the total cash balances from all of its bank accounts in one combined amount, not including any overdrafts or liabilities. The balances in the company's California Bank accounts (Operating - Summit Ridge, Operating - Bakersville, Operating - Smithville, Savings) and its Sedona Bank Checking account should be totaled without regard to whether they are in checking or savings form. The correct way to report the cash balances is to add all the positive cash balances together:
California Bank Operating - Summit Ridge: $400,000
California Bank Operating - Bakersville: $300,000
California Bank Operating - Smithville: $50,000
California Bank Savings: $500,000
Sedona Bank Checking: ($375,000) [This is a liability and not added to the cash]
Adding these together: $400,000 + $300,000 + $50,000 + $500,000 = $1,250,000 in positive cash balances. Therefore the correct presentation on the balance sheet is:
Cash: $1,250,000
Less: Overdraft: $375,000
This results in net cash of $875,000. None of the provided responses (A, B, C, or D) are correct, as, based on the information given, the actual reporting should be cash of $875,000 (without any additional liability since the overdraft has been already deducted from the total cash).
if Dawn's disposable income increases from $30,000 to $35,000 what is his marginal propensity to consume if he spends $4,000 of the increase on consumer products?
Answer:
Marginal Propensity to Consume = 0.8
Explanation:
Marginal propensity to consume (MPC) exhibits consumer's spending behavior as to what percentage of extra dollar is spent from extra dollar of income.
MPC is calculated as Increase in consumption divided by increase in income.
MPC: Increase in consumption / increase in income: 4,000 / 5,000
MPC = 0.8
Mr. Johnson is looking at Medicare Supplement policies. These policies are designed primarily to:________A. Provide benefits not covered by Medicare.B. Provide supplement retirement benefits.C. Provide additional disability coverage.D. Offset Medicare costs.
Answer:
the correct answer is A
Explanation:
Mr. Johnson is looking at Medicare Supplement policies. These policies are designed primarily to Provide benefits not covered by Medicare
You are climbing a stair case. It takes n steps to reach to the top. Each time you can either climb 1 or 2 steps. In how many distinct ways can you climb to the top?
Final answer:
The problem of finding the number of distinct ways to climb a staircase with 1 or 2 steps at a time is solved by using the Fibonacci sequence. The total number of ways W(n) is the sum of the ways to climb to the previous two steps, W(n-1) and W(n-2).
Explanation:
The student's question involves finding the number of distinct ways one can climb to the top of a staircase by taking 1 or 2 steps at a time. This is a classic problem that can be approached using combinatorics, specifically the Fibonacci sequence.
Let us denote the number of ways to climb a staircase of n steps as W(n). For the base cases: W(1) = 1 (only one way to climb one step) and W(2) = 2 (either two single steps or one double step).
To get to step n, one could either come from step n-1 (by taking one step) or from step n-2 (by taking two steps). Hence, the number of ways to reach step n is the sum of the ways to reach steps n-1 and n-2. Mathematically, this can be expressed as W(n) = W(n-1) + W(n-2).
Therefore, to find W(n) for any n, one would start at the base cases and work upwards until reaching W(n).