If shares with a stated value are issued for a non-cash asset that has a market value in excess of the stated value, the account

a. Contributed Capital in Excess of Stated Value is credited.

b. Contributed Capital in Excess of Stated Value is debited if a debit balance exists in the account.

c. Contributed Capital in Excess of Stated Value is debited if a credit balance exists in the account.

d. Retained Earnings is credited.

Answers

Answer 1

If shares with a stated value are issued for a non-cash asset that has a market value in excess of the stated value, the account Contributed Capital in Excess of Stated Value is credited.(option a)

If shares with a stated value are issued for a non-cash asset that has a market value in excess of the stated value, the account Contributed Capital in Excess of Stated Value is credited.

The correct option is a.

Explanation:Contributed Capital in Excess of Stated Value account is a special account that is used when the market value of the non-cash asset is higher than the stated value of the shares that are issued to purchase the non-cash asset.When shares are issued for a non-cash asset, a record of the transaction is made by the issuing company. The entry is recorded at the fair market value of the asset. The asset account is debited while the Contributed Capital in Excess of Stated Value account is credited.

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Related Questions

Privately owned media companies in the united states earn most of their revenue from:.

Answers

Answer:

advertising

Explanation: Mark me brainliest!!

Media companies are the group that enabled broadcasting for knowledge, entertainment, and another purpose. The major source of revenue for media companies is advertisements.

What is revenue?

The revenue can be described as the actual amount earned by a business by performing its regular business operations. It can be in the form of fixed income or fluctuating income.

The media companies invested in the gathering of the information and the processing for the development of the broadcasting content.

The major revenue source gained by the private media companies was developed from advertising.

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Maria and Tony are married. Assume their taxable income in 2022 after all deductions is $87,000, including $5,000 of qualified dividends. What is their income tax liability in 2022? (Use the tax rate schedules, long-term capital gains tax brackets.) Note: Round your final answer to the nearest whole dollar amount.

Answers

Maria and Tony are married. Assume their taxable income in 2022 after all deductions is $87,000, including $5,000 of qualified dividends. Maria and Tony's income tax liability in 2022 is $10,440.

Maria and Tony's taxable income in 2022 is $87,000, which includes $5,000 of qualified dividends. To calculate their income tax liability, we need to consider the tax rate schedules and long-term capital gains tax brackets.

1. First, let's determine their adjusted gross income (AGI) by subtracting their deductions from their taxable income. However, the question does not provide information about their deductions. So, I will assume that their deductions are not given and are not relevant to the calculation of their income tax liability.

2. Since their AGI is not given, we will consider their taxable income as their AGI for simplicity.

3. Next, we need to determine their tax bracket based on their taxable income. In 2022, the tax rates for married couples filing jointly are as follows:

- 0% for taxable income up to $19,900
- 10% for taxable income between $19,901 and $81,050
- 12% for taxable income between $81,051 and $172,750
- 22% for taxable income between $172,751 and $329,850
- 24% for taxable income between $329,851 and $418,850
- 32% for taxable income between $418,851 and $628,300
- 35% for taxable income between $628,301 and $10,000,000
- 37% for taxable income over $10,000,000

4. In this case, Maria and Tony's taxable income of $87,000 falls within the 12% tax bracket. Therefore, we will use the 12% tax rate for their taxable income.

5. The tax on their ordinary income is calculated by multiplying their taxable income by the tax rate. So, their tax liability for ordinary income is $87,000 x 12% = $10,440.

6. Next, we need to determine the tax on their qualified dividends. The tax rates for long-term capital gains (qualified dividends) in 2022 are as follows:

- 0% for taxable income up to $80,000
- 15% for taxable income between $80,001 and $501,600
- 20% for taxable income over $501,600

7. Since their qualified dividends of $5,000 are included in their taxable income, we need to determine their tax bracket for long-term capital gains. In this case, their taxable income of $87,000 falls within the 0% tax bracket for qualified dividends.

8. Therefore, the tax on their qualified dividends is $5,000 x 0% = $0.

9. Finally, we add their tax liability for ordinary income ($10,440) and the tax on their qualified dividends ($0) to calculate their total income tax liability.

10. Maria and Tony's income tax liability in 2022 is $10,440.

Please note that this answer assumes there are no other factors or deductions affecting their tax liability. It's always recommended to consult a tax professional or refer to the official tax guidelines for accurate and personalized tax advice.

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Which of the following is the basis of all slides in a presentation?
O Placeholders
O Slide Masters
O Theme
O Variant

Answers

Placeholders




Explanation:

The Placeholders is the basis of all slides in a presentation.

The Placeholder is a feature on the presentation interface which is a pre-formatted content for text, graphics, video, clip arts etc

The Placeholder allows the user to format their slides easily and consistently.

Therefore, the Option A is correct because the Placeholders is the basis of all slides in a presentation.

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why is free car insurance an incentive for college graduates and first time buyers?

Answers

Answer:

Free car insurance is an incentive for college graduates and first time buyers sheerly because of the price. College graduates and the like usually do not have the wealth to spend too much on car insurance.

Explanation:

Before you move forward, summarize the changes you will need to make to your new budget. Describe these changes in at least two sentences.

Answers

Answer: yes

Explanation:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Answer:

The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.

Explanation: I just did the test an got a 100

Which one does not describe the ways that players associations support players? A. Providing them with guidance in salary and labor arbitration. B. Providing them with equipment and instruction to enable them to perform at the highest possible level. C. Providing them with salary and contract data. D. Providing them with information to support negotiations.

Answers

Answer: Providing them with equipment and instruction to enable them to perform at the highest possible level.

Explanation:

Players association support players by providing them with guidance in salary and labor arbitration, providing them with salary and contract data and also by providing them with information to support negotiations.

It is not the function of the players association to provide players with equipment and instruction to enable them to perform at the highest possible level.

Las ventas a crédito originan siempre: (una única respuesta correcta) 10 -5 Un activo para el comprador y un pasivo para el vendedor. Un beneficio para el vendedor. Un gasto para el comprador. Un activo para el vendedor y un pasivo para el comprador.

Answers

Answer:

Un activo para el vendedor y un pasivo para el comprador.

Explanation:

Si registramos una venta a credito tenemos la siguiente transaction desde el punto de vista del vendedor:

D Cuentas por cobrar XY

    C Ventas XY

Se genera un activo

Si registramos la transaction desde el punto de vista del comprador:

D Activo XY

    C Cuentas por pagar XY

Aca generamos una pasivo

a 6.20 percent coupon bond with 10 years left to maturity is priced to offer a yield to maturity of 7.4 percent. you believe that in one year, the yield to maturity will be 7.0 percent. assuming semiannual interest payments, what is the change in price the bond will experience in dollars?

Answers

The bond will experience a price increase of $55.30 if the yield to maturity drops to 7.0% in one year.

To calculate the change in price of the bond, we first need to calculate the current price of the bond using the given information.

The bond has a coupon rate of 6.20%, a face value of $1000, and 10 years left to maturity. The yield to maturity is 7.4%. Assuming semiannual payments, the bond pays $31 ($1000 x 6.2% ÷ 2) in interest every 6 months.

Using a financial calculator or spreadsheet program, we can calculate the current price of the bond to be $920.15.

Next, we need to calculate the new price of the bond after one year if the yield to maturity drops to 7.0%. Since the bond has 9 years left to maturity at that point, we can use the same process to calculate the new price.

The bond will still pay $31 in interest every 6 months, but the discount rate will be 7.0% instead of 7.4%. Using a financial calculator or spreadsheet program, we can calculate the new price of the bond to be $975.45.

Finally, we can calculate the change in price by subtracting the current price from the new price:

Change in price = $975.45 - $920.15 = $55.30

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Having a strong service-oriented culture is critical because it
a. guides and directs employees to deliver proper customer service even when confronted with new or novel situations.
b. reduces turnover of customer-contact staff.
c. saves costs because guests essentially train the employees.
d. all of the above.

Answers

A strong service-oriented culture is critical because it guides employees, reduces turnover, and saves costs through guest training.

Having a strong service-oriented culture is critical because it guides and directs employees to deliver proper customer service even when confronted with new or novel situations, reduces turnover of customer-contact staff, and saves costs because guests essentially train the employees.

A strong service-oriented culture provides a framework and set of values that guide employees in delivering excellent customer service consistently. It establishes a clear direction for employees on how to handle various customer interactions, ensuring a positive experience regardless of the specific circumstances. This is particularly important when employees encounter new or novel situations that may require adaptability and quick decision-making. A strong service culture helps employees understand the organization's service expectations and empowers them to provide exceptional service, resulting in satisfied customers and repeat business.

Reducing turnover of customer-contact staff is another benefit of a strong service-oriented culture. When employees feel connected to the organization's values and mission, they are more likely to be engaged and committed to their roles. This reduces turnover rates and fosters a stable workforce, which in turn leads to better customer relationships and continuity in service delivery.

Additionally, a strong service culture can save costs because guests essentially train the employees. When employees are aligned with the service culture, they develop a deep understanding of customer preferences and needs. This knowledge, gained through interactions with guests, becomes a valuable resource for the organization. Employees become adept at anticipating customer requirements, resolving issues efficiently, and providing personalized service. This reduces the need for extensive external training programs and can result in cost savings for the organization.

In conclusion, a strong service-oriented culture is critical because it guides employees in delivering proper customer service, reduces turnover of customer-contact staff, and leverages guest interactions to save costs. It creates a positive environment that fosters employee engagement, customer satisfaction, and long-term organizational success.

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for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero. e. average total cost equals marginal cost.

Answers

For a monopolist, price is above marginal revenue.

What is monopolist market?

A monopolist market is a market with managed alone.

The price of commodity should be greater than marginal revenue this is because until marginal revenue and cost are balance the business cannot expand.

But a high price above the revenue will equal to profit.

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For a monopolist seller, price is above marginal revenue.

What is marginal revenue?

This can be defined as the difference between the amount of revenue generated as a result of additional unit of variable factors of production.

Factors of production are grouped as follows;

Fixed factors:Land and Machineries.

Variable factors of production: Labor and Capital.

Therefore, price is usually higher than marginal revenue for a monopolist.

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All of the following are reasons for countries to participate in foreign trade EXCEPT

A. it is just as easy to start a business overseas as it is in the United States.
B. no nation can produce all of the products its people want and need.
C. even if a country was self-sufficient, other nations would seek to trade with that country in order to meet the needs of its own people.
D. some nations have resources, but not technological know-how; while others have know-how, but lack resources.

Answers

Answer:

A. it is just as easy to start a business overseas as it is in the United States.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that are used by consumers across the world.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

All of the following are reasons for countries to participate in foreign trade;

I. No country or nation is able to produce all of the goods its people want and need i.e meeting the unending requirements of its citizens through production of goods and services.

II. Even if a country such as developed countries across the world was self-sufficient, other developing or underdeveloped nations would seek to trade with that country so as to meet the demands (needs) of its own people.

III. The interdependency of technology and resources for different countries. Some nations have resources, but not technological know-how; while others have know-how, but lack resources.

In these theories of leadership the critical component becomes the characteristics of the situation rather than the individual:

a.Trait theories
b.Behavioral Theories
c.Contemporary Theories
d.Contingency Theories

Answers

In contingency theories of leadership, the critical component becomes the characteristics of the situation rather than the individual. This means that leaders must adapt their style to fit the needs of the situation at hand. The answer is D.

Contingency theories are built on the idea that there is no one-size-fits-all approach to leadership, and that what works in one situation may not work in another. The leader's effectiveness depends on how well they can match their leadership style to the demands of the situation.

Contingency theories emphasize the importance of flexibility and situational awareness in leadership. A leader must be able to read the situation, understand the needs of the group or organization they are leading, and adjust their style accordingly.

This requires a deep understanding of different leadership styles and the ability to use them effectively in different situations.Contingency theories have been widely used in organizational and business settings, as well as in political and military contexts.

The theories have helped leaders to better understand the complex dynamics of different situations and to develop strategies for adapting their leadership style to meet the needs of their followers and achieve their goals.The answer is D.

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The management function that anticipates trends, then determines strategies and tactics to achieve them is:.

Answers

Planning corresponds to the management function that anticipates trends and determines strategies to achieve organizational goals and objectives.

Planning

It is the identification of the strategy that will help a company to achieve its marketing objectives, be well positioned and competitive in the market.

Managers who will develop a company's strategic, tactical and operational planning must understand its set of values ​​and resources and use them optimally in the form of specific actions to achieve efficiency that will make a company successful.

The correct answer is:

Planning

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You buy a seven-year bond at PAR with a 5.25% current yield and a 5.25% coupon (paid annually). In one year, promised yields to maturity have risen to 6.25%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answers

The value of the holding-period return is 74%.

The price of the bond can be calculated as:

P0 = FV / CY = $1000 / 0.0525 = $19047.62

Also, since the bond is at par value, P0 = FV = $1000

At the end of the holding period, the yield to maturity has risen to 6.25%. We need to calculate the price of the bond under this new yield.

P1 = FV / YTM = $1000 / 0.0625 = $16000

Thus,Holding Period Return= [(Price at End of Holding Period - Price at Beginning of Holding Period) + Income

During the Holding Period]/Price at Beginning of Holding Period= [(P1 - P0) + Income During the Holding Period]/P0= [($16000 - $19047.62) + ($52.50 + (P1 - $1000))]/$19047.62

Substituting the value of P1 in the above expression, we get:

Holding Period Return= [($16000 - $19047.62) + ($52.50 + ($16000 - $1000))]/$19047.62= [($-3047.62) + $17052.50]/$19047.62≈ 0.74 or 74% (rounded to 2 decimal places).

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Your holding-period return for the year is 7.92%. It is important to keep track of changes in yields as they can have a significant impact on your returns over time.

Bond investments can be an excellent method to generate consistent income over time. In this case, you paid PAR for a seven-year bond with a yearly coupon yielding 5.25% and a current yield of 5.25%.

The anticipated yields to maturity have, however, increased to 6.25% after just one year. The variation in yield throughout the course of the year must be considered when calculating your holding-period return.

First, calculate the price of the bond after one year using the new yield to maturity:

Bond price = (Coupon payment / Yield) x (1 - 1 / (1 + Yield)ⁿ) + Par value / (1 + Yield)ⁿ

Bond price = ($52.50 / 0.0625) x (1 - 1 / (1 + 0.0625)⁶) + $1000 / (1 + 0.0625)⁶

Bond price = $1029.23

Next, calculate your total return for the year:

Total return = Coupon payment received + Change in bond price / Initial bond price

Total return = $52.50 + ($1029.23 - $1000) / $1000

Total return = 7.92%

As a result, you earned 7.92% for the year during the holding period. As yields can significantly affect your returns over time, it is crucial to monitor them.

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Why truthful reporting is no longer a Nash equilibrium for the
providers under the uniform
price mechanism?

Answers

In conclusion, the uniform price mechanism is not conducive to truthful reporting, and alternative auction mechanisms should be considered to ensure truthful and efficient outcomes.

In the auction theory, a Nash equilibrium is a state where no player can improve their payoff by unilaterally changing their strategy given that the others maintain their current strategies. Truthful reporting refers to the situation where an agent reports their valuation truthfully in the auction, and the Nash equilibrium usually obtains when all bidders report their valuations truthfully. Under the uniform price mechanism, however, truthful reporting is no longer a Nash equilibrium for the providers, and this essay will explore why.


Under a uniform price auction, all bidders are charged the same price for the item, which is equal to the highest rejected bid. This contrasts with pay-as-bid auctions, in which each bidder pays their individual bid. The difference in the two auction mechanisms is crucial to understanding why truthful reporting is no longer a Nash equilibrium for the providers under the uniform price mechanism.


In a pay-as-bid auction, a bidder is incentivized to truthfully reveal their valuation because doing so would maximize their payoff, and deviating from this strategy would result in a lower payoff. However, under the uniform price mechanism, a bidder may obtain a higher payoff by deviating from truthful reporting. A bidder may underreport their valuation to lower the uniform price and pay less for the item. Conversely, a bidder may overreport their valuation to raise the uniform price and charge others a higher price for the item.


Thus, truthful reporting is no longer a Nash equilibrium under the uniform price mechanism because each bidder's payoff is now dependent on the valuations reported by the others. The uniform price mechanism creates incentives for bidders to manipulate the auction outcome by misreporting their valuations, which undermines the accuracy and efficiency of the auction.

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What are the steps for using the Evaluate Formula feature?

1. Select the cell with the formula you want to evaluate.

2. Click the
tab on the ribbon.

3. In the
group, click
.

4. Click Evaluate or
to start the process.

Answers

Answer:

Formulas

Formula auditing

evaluate formula

step in

Explanation:

just did it :)

Answer:

1) Formulas

2) Formula Auditing

3) Evaluate Formula

4) Step in

Explanation:

HOW TO USE THE EVALUATE FORMULA FEATURE:

1. Select the cell with the formula you want to evaluate.

2. Click the ✔ Formulas  tab on the ribbon.

3. In the  ✔ Formula Auditing  group, click ✔ Evaluate Formula .

4. Click Evaluate or  ✔ Step In to start the process.

what are some corrective actions (or recommendations) to strengthen Louis Vuitton’s business? provide a brief justification (or an evidence) to support your explanation (long answer)

Answers

Answer:

Louis Vuitton (LV) had the prolific year 2014 because it continued to grow, despite changes in its market environment. The company has been responsive in its strategies and has maintained a long-term future (LVMH 4). Nevertheless, the company continues to face competitive challenges in the luxury product market. It faces the challenge of sustaining its performance amid the growing difficulties in penetrating new markets and the improvement in the activities by rivals to target its dominant market segment. The company follows a differentiation strategy.

The overall strategies are taken by LV also lead to changes in the parent company, as LV is the main revenue contributor to the LVMH group. The company has to sell to three main customer segments without jeopardizing its reputation in any of them. The segments are absolute, aspirational, and accessible. The absolute segment is very critical of customer care, product quality, and overall brand reputation. It also has the widest variation in preferences in the main global markets of LV. Besides, it has a substantial demand that has forced LV to reconsider many of its decisions that could have affected its performance in this segment. The aspirational segment has mixed characteristics while the accessible segment is less critical to brands and, therefore, most prone to sway to the competition. All the customer segments are collectively influenced by a great brand and product innovation strategy that LV has been exploring in the past few years (LVMH 34-56). The European monetary problems are easing, which should present a good environment for growth in the market (LVMH 5).

​Social

The company has relied on leaders brought in by its parent company LVMH. It has also relaxed its use of in-house production resources in the past to focus on outsourcing (LVMH 54-55). However, the decision was reversed to save the company’s brand. Another problem is that the personal luxury business is growing in different directions in separate markets that LV serves. Its biggest market continues to be China, Europe, Japan, and the United States. Its Chinese market characteristics are different from those of Europe and Japan. However, the company has to meet the challenges of these markets without seeming to abandon any of its quality standards for customer service and product development. For example, it cannot discount products or follow noncompany-owned distribution models even when such strategies would significantly lead to a rise in revenues in the respective markets. These issues include a balance of the values and heritage of Louis Vuitton. The company has a 150-year reputation that it has to uphold while responding to the modern challenges of the business (Mahbubani 4).

​Technological

The company has a limited product range, and the main products are more than a century old. The leather bag collection and the trunks with a five number combination lock have been in production since the late nineteenth century. They can rely on this technological reputation to defend their market share and appeal to the absolute and aspirational customer segments that are fixated on getting true luxury regarding uniqueness, heritage, quality, and visibility. The product line allows LV to claim that it is offering the most beautiful specimens of French manufacturing (Mahbubani 2). The exclusivity of the designs and their ruggedness are reputations that help the LV brand to sell to existing and new luxury customers. Customers get information and look up things or exchange views online, which is the way they shop. The behavior shapes the direction that LV is taking when differentiating its experience online. The company is building a following in social media channels to improve interaction with its brand. The digital platforms also use new forms of advertising to different niches like soccer fans (LVMH 11).

Calculate how many hours his non-salary employees will take to create a large order of 1,000 shoes. What kind of budget would Jose create?

Answers

This question is incomplete but will answer this based on what I guess you're asking.

Answer and Explanation:

Assume there are 10 employees for the small factory that makes shoes.

Let's assume each non-salary employee spends 30 minutes on each pair of shoes before it finishes, and charges $10 per hour.

1000 pairs of shoes would take 1000×0.5×10= 5000 hours(208 days and a few hours)

Total budget for non-salary employees= 5000 hrs×$10= $50000

Therefore Jose would need a $50000 budget given the variables above.

A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o

Answers

Answer:

B. evaluate the possible positive and negative effects of different economic decisions.

Explanation:

Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.

Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.

This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.

Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.

liquidity ratios measure the ability of the company to survive over a long period of time. group of answer choices true false

Answers

False. While liquidity ratios do measure the company's ability to meet short-term obligations, they do not necessarily indicate its ability to survive over a long period of time.

Other factors such as profitability, debt levels, and market conditions also play a significant role in determining a company's long-term viability.

The statement "liquidity ratios measure the ability of the company to survive over a long period of time" is false. Liquidity ratios primarily assess a company's short-term financial health and its ability to meet its short-term obligations. Examples of liquidity ratios include the current ratio, quick ratio, and cash ratio. These ratios help determine how easily a company can pay off its current liabilities using its current assets. Long-term financial health is typically measured using solvency ratios, which assess the company's ability to meet its long-term debt obligations.

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Equiano tells his own story. he writes an eye-witness account of his experiences on board a slave ship from first-person point of view. question 1 options: true false

Answers

The statement that Equiano tells his own story from first-person point of view is TRUE.

What did Equiano do?

Equiano was a man who was kidnapped as a boy and taken into slavery where he was able to purchase his own freedom.

Equiano recounted his experience when he was on the ship that took him to the West Indies and because it was an eye-witness account, it was from a first-person point of view.

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Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork

Answers

Answer:

She lost $754.05.

Explanation:

Giving the following information:

Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.

The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.

Increase in salary= 52,000*1.025= $53,300

Inflation effect= 52,000/(1-0.038)= $54,054.05

To maintain her purchasing power, now, she needs to earn $54,054.05.

She lost $754.05.

If demand price elasticity measures 2, this implies that consumers would: a. buy twice as less of the product if the price drops by 10. b. require a 2 percent drop in price to increase their purchases by 1 percent. c. buy 2 percent more of the product in response to a 1 % drop in price d. require at least a $2 increase in price before showing any response to the price increase.

Answers

If demand price elasticity measures 2, this implies that consumers would buy 2 percent more of the product in response to a 1 % drop in price.

In other words, a 1 percent decrease in the price of a product will lead to a 2 percent increase in purchases of that product. The elasticity of demand measures how sensitive buyers are to changes in the price of a product. If the elasticity of demand is high, then buyers are more sensitive to price changes and they will make more purchases when prices drop. On the other hand, if the elasticity of demand is low, then buyers are less sensitive to price changes and will make fewer purchases when prices drop.


For example, if the price of a product is $10 and the elasticity of demand is 2, then a 1 percent drop in the price would result in a 2 percent increase in purchases. This means that a 1 percent decrease in the price of the product, or a drop of $0.10, would lead to a 2 percent increase in purchases. Therefore, the demand price elasticity of 2 implies that consumers would buy 2 percent more of the product in response to a 1 % drop in price.

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Wrote off an uncollectible account for $650. Provided $88,000 of services on account. Provided $32,000 of services and collected cash. Collected $81,000 cash from accounts receivable. Paid $65,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation. d-2. Prepare an income statement for 2019. d-3. Prepare the statement of changes in stockholders' equity for 2019. d-4. Prepare the balance sheet for 2019. d-5. Prepare the statement of cash flows for 2019. d-6. What is the net realizable value of the accounts receivable at December 31, 2019?

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Answer:

This question is incomplete. Since it is missing most of the information, I looked for a similar question and found this:

2018:

Issued $10,000 of common stock for cash. Provided $78,000 of services on account. Provided $36,000 of services and received cash. Collected $69,000 cash from accounts receivable. Paid $38,000 of salaries expense for the year. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. Closed the revenue account. Closed the expense account.

2019:

Wrote off an uncollectible account for $650. Provided $88,000 of services on account. Provided $32,000 of services and collected cash. Collected $81,000 cash from accounts receivable. Paid $65,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

journal entries 2018

Issued $10,000 of common stock for cash.

Dr cash 10,000

   Cr common stock 10,000

Provided $78,000 of services on account.

Dr accounts receivable 78,000

    Cr service revenue 78,000

Provided $36,000 of services and received cash.

Dr cash 36,000

    Cr service revenue 36,000

Collected $69,000 cash from accounts receivable.

Dr cash 69,000

    Cr accounts receivable 69,000

Paid $38,000 of salaries expense for the year.

Dr wages expense 38,000

    Cr cash 38,000

Adjusted the accounting records to reflect uncollectible accounts expense for the year.  Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Dr bad debt expense 450

    Cr accounts receivable 450

Closed the revenue account. Closed the expense account.

Dr service revenue 114,000

    Cr income summary 114,000

Dr income summary 38,450

    Cr wages expense 38,000

    Cr bad debt expense 450

Dr income summary 75,550

    Cr retained earnings 75,550

income statement 2018

Service revenue           $114,000

Expenses:

Wages $38,000 Bad debt $450    ($38,450)

Net income                   $75,550

balance sheet 2018

Assets:

Cash $77,000

Accounts receivable $8,550

total assets                                           $85,550

Equity:

Common stock $10,000

Retained earnings $75,550

total equity                                            $85,550

statement of cash flows 2018

Cash flows form operating activities:

Net income                                      $75,550

adjustments:

Increase in accounts receivable     ($8,550)

net cash from operating activities  $67,000

Cash flow from financing activities:

Common stocks issued                   $10,000

Net cash increase                           $77,000

beginning cash balance                          $0

Ending cash balance                      $87,000

journal entries 2019

Wrote off an uncollectible account for $650.

Dr bad debt expense 650

    Cr accounts receivable 650

Provided $88,000 of services on account.

Dr accounts receivable 88,000

    Cr service revenue 88,000

Provided $32,000 of services and collected cash.

Dr cash 32,000

    Cr service revenue 32,000

Collected $81,000 cash from accounts receivable.

Dr cash 81,000

    Cr accounts receivable 81,000

Paid $65,000 of salaries expense for the year.

Dr wages expense 65,000

    Cr cash 65,000

Adjusted the accounts to reflect uncollectible accounts expense for the year.  Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Dr bad debt expense 745

    Cr accounts receivable 745

income statement 2019

Service revenue             $120,000

Expenses:

Wages $65,000 Bad debt $1,395    ($38,450)

Net income                      $53,605

balance sheet 2019

Assets:

Cash $125,000

Accounts receivable $14,155

total assets                                           $139,155

Equity:

Common stock $10,000

Retained earnings $129,155

total equity                                            $139,155

statement of cash flows 2019

Cash flows form operating activities:

Net income                                      $53,605

adjustments:

Increase in accounts receivable     ($5,605)

net cash from operating activities  $48,000

Net cash increase                           $48,000

beginning cash balance                 $77,000

Ending cash balance                    $125,000

net realizable value accounts receivable

net realizable value of accounts receivable 2018 = $8,550

net realizable value of accounts receivable 2019 = $14,155

The total cost (in dollars) for a company to manufacture and sell xx items per week is C=60x+60, whereas the revenue brought in by selling all x items is R=84x−0.3x2. How many items must be sold to obtain a weekly profit of $300?

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To achieve a weekly profit of $300, the company must sell 60 items. This is determined by solving the profit equation, considering the cost and revenue functions provided in the problem statement.

To find the number of items that must be sold to obtain a weekly profit of $300, we need to calculate the profit function and then solve for the corresponding value of x.

The profit (P) is given by subtracting the cost (C) from the revenue (R)

P = R - C

Substituting the given expressions for revenue and cost

P = (84x - 0.3x²) - (60x + 60)

P = 84x - 0.3x² - 60x - 60

P = -0.3x² + 24x - 60

We want the profit to be $300, so we set P equal to 300:

-0.3x² + 24x - 60 = 300

Rearranging the equation and setting it equal to zero

-0.3x² + 24x - 360 = 0

Now, we can solve this quadratic equation using factoring, completing the square, or the quadratic formula. Let's use the quadratic formula:

x = (-b ± √(b² - 4ac)) / (2a)

For our equation, a = -0.3, b = 24, and c = -360. Plugging these values into the formula

x = (-(24) ± √((24)² - 4(-0.3)(-360))) / (2(-0.3))

Simplifying further

x = (-24 ± √(576 - 432)) / (-0.6)

x = (-24 ± √144) / (-0.6)

x = (-24 ± 12) / (-0.6)

This gives us two possible solutions

x = (-24 + 12) / (-0.6) = -12 / (-0.6) = 20

x = (-24 - 12) / (-0.6) = -36 / (-0.6) = 60

Since we are interested in the number of items sold, we take the positive value, x = 60.

Therefore, to obtain a weekly profit of $300, the company must sell 60 items.

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Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly

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Answer: the answer to your question is D) oligopoly

Explanation:

Answer:

it's D. oligopoly

Explanation:

Oligopoly is a market structure where only a few large firms control a major share of the market.

Aden is a small engine mechanic who earns a regular hourly rate of $15.68. For overtime, he earns time and a half on Saturdays and double time on Sundays. This week he worked his regular 40 hours plus 8 hours on Saturday and 7 hours on Sunday. What’s his total pay?

Answers

Answer:

$1,034.88

Explanation:

Aden  total pay will be

regular hours worked x regular pay

=40 hrs x $15.68

=$627.2

Overtime hours

Saturday rate :$15.68 x 1.5 =$23.52

Hours worked on Saturday= 8 hrs

Saturday pay = $15.68 x 8

=$188.16

Sunday rate :  $15.68 x 2= $31.36

Hours worked on Sunday = 7

Sunday pay = $31.36 x 7

=$219.

Total pay  =$627.2 + $188.16 +$219.52

=$1,034.88

What is the return policy for Bed Bath & Beyond?

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Bed Bath & Beyond's return policy is designed to be customer-friendly, allowing customers to return or exchange items within a specified time period after purchase, provided that the items are in their original condition and packaging.

In most cases, customers can return items to a Bed Bath & Beyond store, or they can initiate a return through the retailer's website.

Bed Bath & Beyond's return policy is a set of guidelines that determine how customers can return or exchange merchandise they have purchased from the retailer. The policy outlines the conditions under which customers can return items, the types of items that are eligible for return, and the process for returning items.

The return policy for Bed Bath & Beyond also covers items that were purchased online and shipped to the customer. In these cases, customers may be required to pay for shipping and handling when returning the item. However, the retailer may also offer free returns for certain items or in certain circumstances, such as when an item is defective or damaged.

Bed Bath & Beyond's return policy is subject to change, and customers are encouraged to review the policy periodically to ensure that they are aware of any updates or changes. Additionally, customers are encouraged to keep their original receipt or order confirmation, as this may be required for returns or exchanges.

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which of the costs below would be included in the recorded cost of merchandise inventory? (check all that apply.) multiple select question. insurance costs selling costs wages costs invoice cost storage costs

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The costs that would be included in the recorded cost of merchandise inventory are invoice cost, storage costs, and wages costs. Insurance costs and selling costs would not be included in the recorded cost of merchandise inventory.

Invoice cost is the total amount shown on the invoice received from a supplier for merchandise purchased. This amount would be included in the recorded cost of merchandise inventory.

Storage costs refer to the costs associated with storing the merchandise. This could include rent for the storage space, labor associated with storing the inventory, or other costs associated with storing the inventory. These costs would be included in the recorded cost of merchandise inventory.

Wages costs refer to the wages of employees used to help transport, unload, and store the merchandise. These costs would be included in the recorded cost of merchandise inventory.

Insurance costs and selling costs would not be included in the recorded cost of merchandise inventory. Insurance costs refer to the costs associated with protecting the merchandise against losses, while selling costs refer to the costs associated with the sale of the merchandise, such as advertising and shipping.

In summary, the costs that will be included in the recorded cost of merchandise inventory are invoice cost, storage costs and wages costs.

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A wholly owned subsidiary whose primary purpose is to finance sales of the parent company's products and services, provide wholesale financing to distributors of the parent company's products, and purchase receivables of the parent company is a

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It should be noted that a wholly owned subsidiary whose primary purpose is to finance sales of the parent company's products and services is regarded as captive finance subsidiary.

Captive finance subsidiary serves as one that finance the sales of the the manufacturer, it helps with resources.

It also provide wholesale financing to distributors that are associated with parent company.

Therefore, Captive finance subsidiary serves as subsidiary whose primary purpose is to finance sales of the parent company's products

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