Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.)
CABOT CORPORATION
Income Statement
For Year Ended December 31, 2015
Sales $ 448,600
Cost of goods sold 297,250
Gross profit 151,350
Operating expenses 98,600
Interest expense 4,100
Income before taxes 48,650
Income taxes 19,598
Net income $ 29,052
CABOT CORPORATION
Balance Sheet
December 31, 2015
Assets Liabilities and Equity Cash $ 10,000 Accounts payable $ 17,500
Short-term investments 8,400 Accrued wages payable 3,200
Accounts receivable, net 29,200 Income taxes payable 3,300
Notes receivable Long-term note payable, _____
(trade)* 4,500 secured Merchandise inventory 32,150 by mortgage on 63,400
plant assets Prepaid expenses 2,650 Common stock 90,000
Plant assets, net 153,300 Retained earnings 62,800
Total assets $ 240,200 Total liabilities $ 240,200
and equity * These are short-term notes receivable arising from customer (trade) sales.
Required:
Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.)
(1) Current Ratio
Choose Numerator: / Choose Denominator: = Current Ratio
/ = Current Ratio
2015: / = to 1

Answers

Answer 1

The current ratio will be 2.18:1; Acid-test Ratio is 0.83:1; Days' Sales Uncollected is 23.80 days; Inventory Turnover is 6.08 times; Days' Sales in Inventory is 60.23 days; Profit Margin Ratio is 0.06; Total Asset Turnover is 1.87 times; Return on Total Assets is 0.12 and Return on Common Stockholders' Equity is 0.32.

The calculations for the given problem have been provided below:

(1) Current Ratio: The formula for calculating the current ratio is given as follows:

Current Ratio = Current Assets / Current Liabilities

Calculation of Current Assets: Cash = $10,000 + Short-term investments = $8,400 + Accounts receivable, net = $29,200 + Notes receivable (trade)* = $4,500 = $52,100

Calculation of Current Liabilities: Accounts payable = $17,500 + Accrued wages payable = $3,200 + Income taxes payable = $3,300 = $24,000

Therefore, Current Ratio = Current Assets / Current Liabilities = $52,100 / $24,000 = 2.18:1

(2) Acid-test Ratio: The formula for calculating the acid-test ratio is given as follows:

Acid-test Ratio = (Current Assets - Inventory) / Current Liabilities

Calculation of Current Assets (excluding Inventory): Cash = $10,000 + Short-term investments = $8,400 + Accounts receivable, net = $29,200 + Notes receivable (trade)* = $4,500 = $52,100

Acid-test Ratio = (Current Assets - Inventory) / Current Liabilities= ($52,100 - $32,150) / $24,000

= $19,950 / $24,000 = 0.83:1

(3) Days' Sales Uncollected: The formula for calculating the days' sales uncollected is given as follows:

Days' Sales Uncollected = (Accounts Receivable / Net Sales) * 365

Days' Sales Uncollected = (Accounts Receivable / Net Sales) * 365= ($29,200 / $448,600) * 365 = 23.80 days (rounded to 2 decimal places)

(4) Inventory Turnover: The formula for calculating the inventory turnover is given as follows:

Inventory Turnover = Cost of Goods Sold / Inventory

Inventory Turnover = Cost of Goods Sold / Inventory= $297,250 / $48,900 = 6.08 times (rounded to 2 decimal places)

(5) Days' Sales in Inventory: The formula for calculating the days' sales in inventory is given as follows:

Days' Sales in Inventory = (Inventory / Cost of Goods Sold) * 365

Days' Sales in Inventory = (Inventory / Cost of Goods Sold) * 365= ($48,900 / $297,250) * 365 = 60.23 days (rounded to 2 decimal places)

(6) Debt-to-Equity Ratio: The formula for calculating the debt-to-equity ratio is given as follows:

Debt-to-Equity Ratio = Total Liabilities / Total Equity

Debt-to-Equity Ratio = Total Liabilities / Total Equity= $240,200 / ($90,000 + $62,800) = 1.76:1

(7) Times Interest Earned: The formula for calculating the times interest earned is given as follows:

Times Interest Earned = EBIT / Interest Expense

Times Interest Earned = EBIT / Interest Expense= ($48,650 + $19,598) / $4,100 = 17.06 times (rounded to 2 decimal places)

(8) Profit Margin Ratio: The formula for calculating the profit margin ratio is given as follows:

Profit Margin Ratio = Net Income / Net Sales

Profit Margin Ratio = Net Income / Net Sales= $29,052 / $448,600 = 0.06 (rounded to 2 decimal places)

(9) Total Asset Turnover: The formula for calculating the total asset turnover is given as follows:

Total Asset Turnover = Net Sales / Total Assets

Total Asset Turnover = Net Sales / Total Assets= $448,600 / $240,200 = 1.87 times (rounded to 2 decimal places)

(10) Return on Total Assets: The formula for calculating the return on total assets is given as follows:

Return on Total Assets = Net Income / Total Assets

Return on Total Assets = Net Income / Total Assets= $29,052 / $240,200 = 0.12 (rounded to 2 decimal places)

(11) Return on Common Stockholders' Equity: The formula for calculating the return on common stockholders' equity is given as follows:

Return on Common Stockholders' Equity = Net Income / Common Stockholders' Equity

Return on Common Stockholders' Equity = Net Income / Common Stockholders' Equity

= $29,052 / $90,000 = 0.32 (rounded to 2 decimal places)

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Related Questions

Leah is buying a car. She has saved money for a down payment, and she takes out a loan to finance the rest of the amount owed. How much will Leah have to pay back?

A. The principal only
B. The principal minus the down payment
C. The down payment only
D. The principal plus interest

Answers

Answer:

Answer: D

Explanation:

Leah takes out a loan to finance the rest of the amount owed. She will have to pay back the principal plus interest. The appropriate response is option D.

What is the principal ?

The principal of a loan is the sum that was initially borrowed and is still owing. Any accrued but unpaid interest related to the loan is not included in this sum. The phrase can also be used to describe the principal party to a contract or other type of commercial transaction.

The principal serves as the cornerstone upon which everything else is paid off or constructed, respectively, for both loans and investment accounts.

When a debt is incurred by the borrowing of money, interest is the sum that is charged. It may take a company or person some time to pay off a debt, so interest is frequently charged on a regular basis to promote prompt repayment of the initial sum.

Simple interest and compound interest are the two methods for calculating interest. Simple interest is calculated on a loan's principal. Compound interest is often referred to as "interest on interest".

Hence, the appropriate response is option D.

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the total factory overhead for bardot marine company is budgeted for the year at $1,204,500. bardot marine manufactures two types of boats: speedboats and bass boats. the speedboat and bass boat each require three direct labor hours for manufacture. each product is budgeted for 11,000 units of production for the year.

Answers

The total factory overhead for Bardot Marine Company is budgeted at $1,204,500 for the year. Bardot Marine manufactures two types of boats, speedboats and bass boats. Each boat requires three direct labor hours for manufacture.

For the year, the company plans to produce 11,000 units of each boat. To calculate the overhead rate per direct labor hour, divide the total factory overhead by the total direct labor hours. In this case, the total direct labor hours for both types of boats would be 11,000 units multiplied by 3 hours per unit, which equals 33,000 direct labor hours.

So, the overhead rate per direct labor hour would be $1,204,500 divided by 33,000, which equals $36.50 per direct labor hour. This means that for every hour of direct labor spent on manufacturing either the speedboats or the bass boats, an additional $36.50 of overhead cost is incurred.

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How does industrial education affect industries?​

Answers

Answer:

Industrial education will help student to know and understand industry demand. ... First, adaptability is a skill will help students to know and understand industry work and world, such as how to use technology, follow all industry SOP, all new chalanges industry, etc. Second, communication is an important skills to had.

The person before me already gave an answer so what’s the point if I do it

choose ONE of the following home-based activities in which family members can work together as a unit and explain TWO ways in which the involvement of the children in the chosen activity can prepare them for the world of work.

Answers

While parents, family, and community members may assume specific roles as they become involved in the education of children, for example as volunteers in the classroom (see Epstein and Connors' typology, 1993), a synthesis of the literature reveals three overarching roles that are created in the development and implementation of parent and community involvement programs (Lyons, Robbins and Smith, l983; Lynn, l994). Each of these roles is actualized in very different ways in relationships in classrooms, schools, and school districts:

Parents as the primary resource in the education of their children is best exemplified in home learning. Home learning is the activity, or set of activities, that parents and family members may engage in to help their children succeed academically. This partnership role between parents and/or family members and schools may have the greatest impact on achievement.

Parents and community members as supporters and advocates for the education of their children is facilitated through site-based school restructuring. Restructuring schools to create parent and community partnerships with schools focuses on organizational structure. Changing activities; creating new relationships between parents, families, communities, and schools; and implementing innovative strategies are ways that schools can restructure to facilitate parent and community involvement in this role.

Parents and community members as participants in the education of all children incorporates a broader vision in the partnership between schools and the populations they serve. Districtwide programs provide the vehicle for parents and community members to be involved in roles that reach beyond the immediate impact of an individual child to the impact on all children in the district.

Please select the steps involved in GOMS. (Multiple answers possible) Measures. Selections. Operators. Goals. Methods. Options. What are some of the advantages of a Heuristic Evaluation? (Multiple answers possible) Combines well with other evaluations methods. Can be cheap. Simple to perform. Generates quantitative insights. Requires in-person user testing. Can be done by anyone. Why is it important to keep your audience in mind when you communicate research results? (Multiple answers possible) You need to make sure to tell everybody what they want to hear. It doesn't matter how great of an insight you have if no one understands it. Knowing what main takeaways and insights to communicate to the individual audience can increase stakeholder buy-in. It doesn't matter.

Answers

GOMS steps: Goals, Operators, Methods, Selections.

Advantages of Heuristic Evaluation: Can be cheap, Simple to perform, Combines well with other evaluation methods. Importance of audience in communicating research results: Knowing what main takeaways and insights to communicate to the individual audience can increase stakeholder buy-in.

GOMS (Goals, Operators, Methods, Selections) is a cognitive modeling technique used to analyze human-computer interaction. It involves breaking down tasks into these components to estimate task completion time and identify potential usability issues. Heuristic Evaluation is a usability inspection method where evaluators assess a system's user interface against a set of usability principles or heuristics. Advantages of heuristic evaluation include its cost-effectiveness, simplicity in execution, and compatibility with other evaluation methods, allowing for comprehensive usability assessments.

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several years ago, a major manufacturer of ketchup tried selling green and purple ketchup. the effect was achieved with simple food coloring, and the ketchup had no flavor change; however, customers reported that they hated the flavor. can the mcgurk effect help explain this unusual response?

Answers

Speech perception involves a combination of visual and auditory cues, as shown by the McGurk effect. When the visual component of one sound is combined with the auditory component of another sound, the illusion develops and a third sound is perceived.

Hearing a person's voice for the first time is a whole new experience after watching them talk. The McGurk effect may occur when one receives subpar auditory information but high-quality visual information.

One's capacity for visual and auditory information integration may also play a role in whether or not one feels the impact. It has been shown that those with a higher capacity for sensory integration are more vulnerable to the impact.

Due to a wide variety of circumstances, such as brain injury and other diseases, the McGurk effect has varying effects on various individuals.

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-Colin is the managerial accountant in charge of Company A, which sells water bottles. He previously
determined that the fixed costs of Company A consist of property taxes, a lease, and executive salaries, which add up to $100,000. The variable cost associated with producing one water bottle is
$2 per unit. The water bottle is sold at a premium price of $12. To determine the break even point of Company A's premium water bottle.
-Woodturn Ltd. makes a television table that sells for $50 per unit. It has variable costs of $30 per unit and incurs fixed costs of $100,000 per period. Determine the break even point.
-The Sherston Brick Company manufactures a standard stone block for the building industry. The production capacity for the year is 100,000 standard blocks. The selling price per block is $1.60, variable costs are $0.60 per brick and fixed costs are $60,000 per year. Determine the break even
point)

Answers

Answer:

10,000 water bottles 5,000 television tables 60,000 stone blocks

Explanation:

Breakeven point = Fixed Cost /(Selling price - Variable expenses)

1. Breakeven = 100,000 / (12 - 2)

= 100,000 / 10

= 10,000 water bottles

2. Breakeven = 100,000 / (50 - 30)

= 100,000 / 20

= 5,000 television tables

3. Breakeven = 60,000 / (1.60 - 0.6)

= 60,000 / 1

= 60,000 stone blocks

The break even points are 10,000 water bottles, 5,000 television tables  and 60,000 stone blocks

The calculation is as follows:

Breakeven point = Fixed Cost ÷(Selling price - Variable expenses)

1. Breakeven = 100,000 ÷ (12 - 2)

= 100,000 ÷ 10

= 10,000 water bottles

2. Breakeven = 100,000 ÷ (50 - 30)

= 100,000 ÷ 20

= 5,000 television tables

3. Breakeven = 60,000 ÷ (1.60 - 0.6)

= 60,000 ÷ 1

= 60,000 stone blocks

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most financial analyses cover trends over __________. question content area bottom part 1 a. one year b. three to five years c. two years d. one month

Answers

Most financial analyses cover trends over three to five years.

The correct option is b. three to five years

Financial analyses are conducted to evaluate the performance and financial health of a company or investment. In order to gain meaningful insights and assess the long-term trends, it is common practice to analyze data over a period of three to five years. This time frame allows for a comprehensive review of the company's financial statements, such as income statements, balance sheets, and cash flow statements, over multiple fiscal years.

By examining data over a longer period, analysts can identify patterns, trends, and fluctuations in key financial metrics such as revenue, profitability, liquidity, and solvency. This broader view helps in understanding the company's historical performance, identifying potential risks and opportunities, and making informed decisions about investments or financial strategies.

While shorter-term analyses, such as those covering one year or one month, can provide insights into more immediate trends, they may not capture the full picture of the company's financial performance and its ability to sustain growth and profitability over the long term.

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Using the income statement for Time Mirror and Glass Co., Compute the following ratios Time Mirror and Glass Co. Income Statement Sales 126,000 Cost of Goods Sold 93000 Gross Profit 33,000 Selling and Administration Expenses 11,000 Lease Expense 4,000 Operating Profit 18,000 Interest Expense 3000 Earnings before Taxes 16,000 Taxes (30%) 4500 Earnings after Taxes 10,500 1. Interest Coverage 2. Fixed Charge Coverage Ratio 3The total assets for the Company equals $80,000. Set up the DuPont ratio analysis 3. Compute the profit margin 4. Compute the ratio on assets(investment)

Answers

The required ratios for Time Mirror and Glass Co., given the income statement, are:

Interest Coverage = 6 timesFixed charge coverage ratio = 3. 14 timesProfit margin = 8. 33 %Return on Assets = 13. 13 %

How to find the return on investment ?

The interest coverage ratio can be found by the formula :

= Income before interest and taxes or Operating Profit / Interest

= 18, 000 / 3, 000

= 6. 00 times

The Fixed charge coverage ratio for Time Mirror and Glass Co is :

= ( Operating income + Fixed expenses ) / ( Interest + Fixed expenses )

= ( 18, 000 + 4, 000 ) / ( 3, 000 + 4, 000

= 3. 14 times

Profit margin :

= Net income / Sales

= 10, 500 / 126, 000

= 8. 33 %

The Return on investment :

= (Net income / Sales) x (Sales / Total assets)

= ( 10, 500 / 126, 000 ) x ( 126, 000 / 80, 000 )

= 13. 13 %

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Suppose a company decides to lay off 150 workers to increase share values as a result some interested parties would benefit while others would suffer this scenario demonstrates the concerns with the _____ theory of social responsibility.


A. Maximizing profits
B. Stakeholder interest
C. Corporate citizenship
D. Moral minimum

Answers

Answer:

Corporate citizenship

The answer would be B because I found it on another site

c) What are the major jobs of a nurse?​

Answers

Answer:

1) Conduct physical exams

2) Take a detailed heath care histories

3) Provide counselling and health care to patients

4) Listening to the patients and analysing the physical and emotional needs

Compared to the price elasticity of demand for gasoline, the demand for texaco gasoline will_________.

Answers

Compared to the price elasticity of demand for gasoline, the demand for Texaco gasoline will be more elastic.

Price elasticity of call for is the ratio of the proportion change in the amount demanded of a product to the percentage exchange in rate. Economists hire it to apprehend how supply and demand trade when a product's price changes.

If a fee alternate for a product causes a giant change in both its supply or call for, its miles are considered elastic. Generally, it manner that there are acceptable substitutes for the product. Examples would be cookies, luxury cars, and coffee.

In commercial enterprise and economics, price elasticity refers to the degree to which people, purchasers, or producers alternate their demand or the quantity supplied in response to fee or earnings adjustments. it is predominantly used to evaluate the trade-in consumer call for because of an alternate in an excellent or carrier's price.

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A trader wants to sell a cash-secured put. Using the option chain, what is the approximate probability of the 25 NOV 16 36 strike expiring worthless?
35% - Incorrect
45%
26%
65%

Answers

Based on the information provided, it is difficult to accurately determine the probability of the 25 NOV 16 36 strikes expiring worthless.

However, we can make an estimate based on the implied volatility and the current market conditions. Assuming that the implied volatility for the 25 NOV 16 36 strike is around the average for the underlying asset and that the market is currently stable with no significant news or events affecting the asset, we can estimate that the probability of the option expiring worthless is around 45%. It is important to note that this is just an estimate, and the actual probability may vary based on a variety of factors. Traders should always conduct their own research and analysis before making any investment decisions. In conclusion, the approximate probability of the 25 NOV 16 36 strikes expiring worthless is around 45%.

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according to the economic policy institute, what is the average pay difference between a high school graduate and a college graduate?

Answers

According to the Economic Policy Institute, the average pay difference between a high school graduate and a college graduate is about 80%.


1. The Economic Policy Institute has conducted research on the average pay difference between high school graduates and college graduates.
2. Their findings indicate that college graduates earn, on average, about 80% more than high school graduates.
3. This means that the pay gap between these two groups is significant, with college graduates generally earning higher wages in comparison to their counterparts who only have a high school diploma.

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please help, this is very simppleee!! ^^
Thomas is a broker who works at a large investment firm. His job is to research different stocks and make recommendations to his customers on which ones they should invest in. Which career cluster would Thomas’s job fall under?

A) Finance
B) Business management
D) STEM

*Pls don't scam me for points!!

Answers

The answer would be A.

Finance, career cluster, would Thomas’s job fall under. Thus, option (a) is correct.

What is job?

A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working. The job was the source of the income. They are the based on the earnings are the career cluster.

According to the Thomas’s job fall under are the based on the finance. It was the largest investment in the firm are the research are the stocks on the recommendations of the customer. It was the investing company are the related to the finance.

As a result, the finance, career cluster, would Thomas’s job fall under. Therefore, option (a) is correct.

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o tell an audience a story about a data set, it is best to use a

Answers

an audience a story about a data set, it is best to use a Communicating Across Contexts.

How big is the data set?

A data set is a collection of related, discrete pieces of related data that can be accessed separately, in combination, or handled as a single unit. One or more types of data structures are used to arrange a data set. A collection of data is known as a data set. When dealing with tabular data, a data set is equivalent to one or more database tables, where each row refers to a specific record of the data set in question and each column represents a specific variable.

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Bill and Cathy built a new home in 1985 at a cost of $90,000. They paid 20% of the cost to build the home themselves and financed the rest. They paid off the mortgage in 15 years. They used $35,000 from Bill's inheritance to upgrade the home in 2004. When they sold the home for $335,000 in 2006, what was the value of their equity?
A. $35,000
B. $90,000
C. $210,000
D. $245,000
E. $335,000
F. It depends on the rate of interest on the mortgage they had

Answers

Answer:

E. $335,000

Explanation:

The computation of the value of the equity is as follows;

Given that

The cost of the home is $90,000

The payment made is of 20%

The usage of the inheritance is $35,000

And, the sale value of the home is $335,000

Now based on the above information

SInce the liability of the loan was repaid so here the equity i.e. left should be considered i.e. $335,000

Therefore the option e is correct

the division of certain settlement costs between a buyer and seller is known as…?

Answers

The division of certain settlement costs between a buyer and seller is known as closing costs. These costs are incurred during the final stages of a real estate transaction and may include fees for title searches, appraisals, inspections, and legal services.

The division of certain settlement costs between a buyer and seller is known as closing costs. These costs are incurred during the final stages of a real estate transaction and may include fees for title searches, appraisals, inspections, and legal services. While the specific costs and their allocation vary by state and transaction, typically the buyer pays the majority of the closing costs, but the seller may be responsible for covering certain expenses such as transfer taxes, commission fees, and prorated property taxes. It's important for both parties to carefully review the purchase agreement and understand which closing costs they are responsible for paying to avoid any confusion or disputes during the closing process. In short, the term for the division of settlement costs between a buyer and seller is closing costs.

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The Warren Group’s pension cost is $49 million. This amount includes a $70 million service cost, a $46 million interest cost, a $70 million reduction for the expected return on plan assets, and a $3 million amortization of a prior service cost.

Determine the components of pension expense that affects the net pension liability. (You may select more than one answer)

Service cost

Amortization of prior service cost

Interest cost

Prepare the journal entry to record the pension cost. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions. (i. E. , 10,000,000 should be entered as 10). )

Expected return on plan assets

Answers

The components of pension expense that affect the net pension liability are: 1. Service cost  2. Amortization of prior service cost 3. Interest cost

The journal entry to record the pension cost would be as follows:

No journal entry required for the expected return on plan assets, as it is a reduction to the total pension cost.

The components of pension expense that affect the net pension liability are as follows:

Service cost: This represents the present value of the additional pension benefits earned by employees during the current period based on their service and compensation levels.

Interest cost: This is the increase in the projected benefit obligation (PBO) due to the passage of time. It is calculated by multiplying the PBO at the beginning of the period by the discount rate.

Amortization of prior service cost: Prior service cost refers to the cost of retroactive plan amendments or enhancements. It is amortized over the remaining service lives of the employees who are expected to receive benefits under the plan.

These components together determine the total pension cost, which affects the net pension liability

Regarding the journal entry to record the pension cost, it would typically involve debiting the appropriate expense accounts (such as pension expense or service cost) and crediting the corresponding liability accounts (such as accrued pension liability or accumulated benefit obligation). The specific accounts used may vary depending on the accounting standards and company policies.

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Definition (at least two sentences)
Self-awareness
Self-regulation
Motivation
Empathy
Social skills

Answers

Self-awareness is the capacity to be cognizant of one's emotions, personality, and behaviors. Self-regulation is the ability to manage and control one's emotions, impulses, and behaviors effectively. Motivation is the driving force that inspires people to pursue their goals. Empathy is the ability to recognize and understand other people's emotions and perspectives. Social skills are the set of behaviors and communication skills that enable individuals to interact effectively with others.

Self-awareness is the capacity to be cognizant of one's emotions, personality, and behaviors.When individuals are self-aware, they have a better understanding of their personality traits and how they are perceived by others.Self-awareness is the capacity to be cognizant of one's emotions, personality, and behaviors. When individuals are self-aware, they have a better understanding of their personality traits and how they are perceived by others. It enables people to be more honest with themselves and recognize their strengths and shortcomings.

Self-regulation is the ability to manage and control one's emotions, impulses, and behaviors effectively. When individuals have self-regulation, they are less likely to act impulsively and more likely to make thoughtful decisions. They can stay calm in stressful situations and take appropriate action to address challenges.

Motivation is the driving force that inspires people to pursue their goals. It is the energy and enthusiasm that drives individuals to work towards a desired outcome. Motivated individuals are focused, determined, and persistent in their endeavors.

Empathy is the ability to recognize and understand other people's emotions and perspectives. Empathetic people are able to connect with others on a deeper level, which can help foster positive relationships and resolve conflicts.

Social skills are the set of behaviors and communication skills that enable individuals to interact effectively with others. Social skills are important for building and maintaining relationships, as well as succeeding in social and professional environments.

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an account that allows you to save money, as well as make deposits and withdrawals.

Answers

an account that allows you to save money, as well as make deposits and withdrawals. A checking account

What is a checking account, exactly?

Checking accounts at financial institutions allow for both deposits and withdrawals. Checking accounts, often referred to as demand accounts or transactional accounts, are reasonably liquid and accessible in a number of ways, such as through checks, automated teller machines (ATMs), and electronic debits. In contrast to other bank accounts, a checking account typically allows limitless withdrawals and deposits, but savings accounts could occasionally impose restrictions on both.

A checking account might be useful for anyone who frequently has to make withdrawals or transactions from a bank account. Typically, opening a checking account is a quick and simple process. A bank office is where you can apply in person or online.

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Best Coffee Enterprises is dealing in a variety of coffee like Expresso, Cappuccino, and Caffe latte etc. It has several outlets in the city. It has a good financial standing and enjoys a good reputation in the market. It purchases high-quality coffee beans from Global Traders and pays them at a future date. Briefly explain the source of finance given by Global Traders to Best Coffee Enterprises.

Answers

Different sources of finance exist operated by various companies. Global Traders exist offering Trade Credit as a source of finance to the Best Coffee enterprises. Trade credit exists as a business-to-business (B2B) arrangement in which a customer can buy goods without spending cash up front, and delivering the supplier at the latest scheduled date.

What are the features of trade credit?It exists referred to as the payment holds authorized by the creditor for a specified period for their raw material.It exists usually comprehended as an instant source of finance.It usually occurs in B2B businesses where the payees exist and desired to pay within their established deadline.

Trade credit exists as a business-to-business (B2B) arrangement in which a consumer can buy goods without spending cash up front, and paying the supplier at a later scheduled date. Usually, companies that work with trade credits will give customers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.

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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?

Answers

All of the following, with the exception of conditions, are required.

Describe insurance.

One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.

An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.

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Project Data

Mowgli Corporation adjusted trial balance for fiscal year ending December 31, 2019.

Dr.

Cr.

Cash

$21,000

Accounts Receivable

$102,000

Inventory (beginning)

$20,000

Estimated Returns Inventory

$5,000

Land

$9,000

Office equipment

$22,000

Accumulated Depreciation-equip.

$20,000

Building

$233,000

Accumulated Depreciation-Bldg.

$94,000

Patent

$16,000

Accounts Payable

$73,000

Customer Refunds Payable

$2,000

Interest Payable

$14,000

Unearned Revenue

$22,000

Notes Payable

$100,000

Capital

$80,000

Drawings

$29,000

Sales

$206,600

Purchases

$106,000

Purchases Returns and Allowances

$1,000

Purchase Discounts

$500

Freight-in

$300

Insurance Expense

$6,000

Interest Expense

$8,000

Repair Expense

$5,000

Salaries Expense

$17,600

Advertising Expense

$1,200

Depreciation Expense

$11,000

Utilities Expense

$1,000

$613,100

$613,100

Other Information:

Inventory on hand at December 31, 2019 is $55,000 (Hint: this is ending inventory).
Estimated Returns Inventory increased $2,000 (Hint: Include in COGS and Closing Entry).
Administrative expenses include: Insurance, Repair, Utilities, and Depreciation.
Selling expenses include: Advertising and Salaries.
$50,000 of the Notes Payable is payable next year (Hint: classified as current).

Answers

Answer:

21,000

Explanation:

You want to accumulate $3,000,000 for your retirement in 40 years. What annual interest rate must you earn if you deposit $1,000 per year each year until retirement? a. 16.8454
b. 40
c. 3.000.000
d. 0

Answers

The Annual Interest Rate (AER) = 16.8454

Annual Interest Rate = RATE (nper,pmt,pv,fv)

Annual Interest Rate =RATE (40,-1000,0,3000000)

Annual Interest Rate =16.85%

Annual Interest Rate = 16.8454

When the benefits of compounding over time are taken into account, the real return on a savings account or any other interest-paying investment is known as the Annual Interest Rate (AER). It also displays the actual percentage rate of interest owed on any outstanding debts, including credit card debt and loans.

It is also known as the yearly equivalent rate, the Annual Interest Rate (AER), and the effective rate.

The genuine interest rate attached to an investment or loan is described by the effective Annual Interest Rate. The fact that the effective yearly interest rate takes into consideration the reality that more frequent compounding periods will result in a higher effective interest rate is its most significant aspect.

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Are there times you would be willing to compromise your ethics for business gain?

Answers

As an AI language model, I do not possess ethics, values, or morals, nor do I have the capacity to compromise them. However, I can provide some insight on how humans approach this question.

Ethics are principles that guide individuals' behavior in making decisions that are right or wrong, and they are an essential aspect of any business. Companies operate in a competitive environment, where making ethical choices can sometimes put them at a disadvantage compared to their less principled competitors. Therefore, the temptation to compromise ethics for business gain may arise, especially in situations where the company is struggling financially or facing intense competition.

In conclusion, compromising ethics for business gain is never justified. It is essential for companies to establish a robust ethical framework that guides their behavior and decision-making processes, prioritize long-term benefits over short-term gains, and build a strong reputation as an ethical and responsible company.

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Ethics are principles that guide individuals' behavior in making decisions that are right or wrong, and they are an essential aspect of any business. Companies operate in a competitive environment, where making ethical choices can sometimes put them at a disadvantage compared to their less principled competitors.

Therefore, the temptation to compromise ethics for business gain may arise, especially in situations where the company is struggling financially or facing intense competition.

In conclusion, compromising ethics for business gain is never justified. It is essential for companies to establish a robust ethical framework that guides their behavior and decision-making processes, prioritize long-term benefits over short-term gains, and build a strong reputation as an ethical and responsible company.

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hellp! WILL GIVE 30 POINTS!!

Alexis and Damian are both taking a course on picking a career. They go to the same art club so they both know what they enjoy doing. Surprisingly, Alexis and Damian might find careers in the Architecture and Construction Career Cluster that allow them to express themselves through art. Create a list of possible jobs in this cluster that could use an artistic person and explain a task that each job does that the two students might particularly enjoy.

*Dont answer for points, cuz I've gotten scames so many times :/

Answers

Answer:

A few jobs that express how you feel through art are house remodeling because you can decorate with things that make you happy or that show how you feel, professional painter because you can paint how you feel, and a gardener because you make the garden look like something that expresses how you feel.

Explanation:

Hope this helps! Just make sure to edit it a little so that you don't get in trouble! :)

For most people, almost two-thirds of each work day is taken up by work and sleep. Please select the best answer from the choices provided T F

Answers

Answer:

True

Explanation:

For most people, almost two-thirds of each workday is taken up by work, and sleep is a true statement.

What is the statement?

Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give commands. They are also not utterances. Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give speech acts. They are also not exclamations.

The term working day refers to the days in the working week, the span of (often five) days that are not the weekend, and when many people work. The word workday means the same thing as a working day

Therefore, By the above statement, for the t two-thirds of each work day is taken up by work and sleep is correct.

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1. I started this business after dropping out of college and my buddy and I wanted to start this company. We had very little money or business knowledge but lots of drive. We now have the largest company in the world. Who am I?

Answers

The correct answer to this open question the following.

Although these situations could be related to some "tech" geniuses, we can say that we are talking about Steve Jobs.

It is true that Steve Jobs started his business after dropping out of college, and his buddy and Jobs wanted to start this company. They had very little money or business knowledge but lots of drive.

And Steve Jobs created the world empire called Apple. Indeed, he revolutionized the world of communications with his creations.

Steve Jobs dropped out of Reed College.

Another famous and billionaire in the tech industry that dropped college was Bill Gates, the founder of Microsoft. He left Harvard University in 1975 to form his own company.

HELPPPPPPP
2. The components of marginal revenue
Yakov's Fire Engines is the sole seller of fire engines in the fictional country of Pyrotania. Initially, Yakov produced eight fire engines, but he has decided to increase production to nine fire engines. The following graph shows the demand curve Yakov faces. As you can see, to sell the additional engine, Yakov must lower his price from $80,000 to $60,000 per fire engine. Note that while Yakov gains revenue from the additional engine he sells, he also loses revenue from the initial eight engines because he sells them all at the lower price.
Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $60,000 rather than $80,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $60,000.

HELPPPPPPP2. The components of marginal revenueYakov's Fire Engines is the sole seller of fire engines

Answers

The information given regarding the marginal revenue is illustrated below.

How to illustrate the information?

Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.

While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will slow down when the output level increases.

Here, the price effect dominates the quantity effect so he cannot increase the production from 7 units to 8 units.

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HELPPPPPPP2. The components of marginal revenueYakov's Fire Engines is the sole seller of fire engines
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