Answers
call girl the following forms of prostitution typically have the highest prices and offer services like party attendance and overnight stays with the customer.
Call girls, escort services, massage parlors, strip clubs, street performers, and brothel prostitutes. soliciting prostitutes on the streets. The most typical form of prostitution is this one.
Madam a senior lady in charge of a prostitution business, such as a brothel or escort service. prostitution in the form of window prostitution is fairly widespread in the Netherlands and the neighbouring nations.
A window operator rents a window and workplace to the prostitute for a set amount of time, typically per day or portion of a day.
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Related Questions
1. Construct the project network, given the activity precedence information provided.
Activity Immediate Predecessors
A -
B -
C B
D A
E B
F B
G D, E
H F
2. Construct the project network, given the activity precedence information provided.
Activity Immediate Predecessors
A -
B -
C A, B
D B
E B
F C, D, E
G E
Answers
Answer:
SO like basically yopujust gea
Explanation:
If a person didn’t complete a time-bound goal in the given timeframe, it shows that the goal wasn’t relevant to that person.
True
False
Answers
Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for themselves. However, some of them are investors who buy multiple cars and hold them for resale. All sales of Elegant Limited are for cash. Depict the association and cardinality for the sales of cars at Elegant Limited based on REA model.
Answers
Answer:
Elegant Limited
Depiction of the Association and Cardinality for the Sales of Cars based on the REA Model:
1. Association: This is about the relationships that exist among the economic elements involved in the REA model. They are Economic Resources, Economic Events, and Economic Agents. These elements interact during each business transaction in such interconnected processes that business transactions cannot be complete without any element.
For example, the economic resources during the sale of a car at Elegant Limited are 1) a car and 2) money. These are exchanged between Elegant Limited and the customer and vice versa. In the same light, an economic event takes place during the exchange of either a car or money. While a car is a physical resource (asset), money is a financial resource (asset). For each of these two events, the economic agents who must interact are the workers at Elegant Limited and the customer whether private buyers or investors.
2. Cardinality: This refers to the elements that are involved in the REA model. They are three as already described. They are Economic Resources, Economic Events, and Economic Agents. No business transaction is complete where any element is not present. So, these elements are cardinal in the relationship.
Explanation:
The REA model is an accounting system re-engineering model originally proposed by William E. McCarthy as a generalized accounting model. It contains the concepts of resources, events and agents (McCarthy 1982).
The model views accounting data collection as a system to collect data about the resources, events, and agents within business processes, thereby suggesting that the basic data collected should be about the resources, events, and agents involved in an exchange.
Which sentence best describes the irony in the passage?
It is ironic that Jim and Della will not be able to use their presents until the future.
It is ironic that Jim cannot use Della’s present because he sold his watch to get her present.
It is ironic that Jim wanted his present so badly but no longer wants it.
Answers
The sentence which best describe the irony in the passage is
that Jim cannot use Della’s present because he sold his watch to get her present.
That is best describe in the passage as they both have shown their immense feeling of emotions towards each other.
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If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are:
Answers
Answer:
Recognized as revenues in the debt service fund.
Explanation:
Debt Service fund is a term that is used to describes a form of cash reserve utilized in the payment of interest and principal on specific kinds of debt for a given period. For example, bond premiums are commonly imposed by state law to be moved to debt service funds.
Hence, If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are: Recognized as revenues in the debt service fund.
Which of the following are the responsibilities of middle-level managers? (Choose every correct answer.)
Answers
To supervise workers over their day-to-day tasks. generally, middle- position directors are responsible for overseeing their brigades and workers to help a company negotiate its pretensions through design and platoon operation. They will apply programs and objects, and manage prospects with elderly- position operation.
What are the responsibilities of middle-level managers?Middle superintendences part is substantial and critical to the overall health of the association! Unfortunately, middle operation is overlooked, more frequently than not, as they're micromanaged or not allowed the capability to make opinions that lead to failures or successes. Middle directors MUST be grown, trained, chops developed, ideas allowed and trusted. Middle directors MUST be viewed as the unborn leaders of your association! Organic growth from within, and people moving through the species of the company, is the healthiest way to develop a culture from within.
Middle directors are assigned with running their departments, or divisions, and to execute the plays handed down from upper/ elderly position directors they make the business work daily. They're closest to thrills on the ground and their views, opinions, and fancies need to be taken seriously and openly by elderly leaders. Only by having a strong, stable and visionary middle operation platoon, can you look at the overall company as one which will achieve greatness.
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Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
Answers
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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The partnership of Butler, Osman, and Ward was formed several years ago as a local tax preparation firm. Two partners have reached retirement age, and the partners have decided to terminate operations and liquidate the business. Liquidation expenses of $43,000 are expected. The partnership balance sheet at the start of liquidation is as follows:
Cash $39,000 Liabilities $179,000
Accounts receivable 69,000 Butler, loan 39,000
Office equipment (net) 59,000 Butler, capital (25%) 95,000
Building (net) 155,000 Osman, capital (25%) 39,000
Land 145,000 Ward, capital (50%) 115,000
Total assets $467,000 Total liabilities and capital $467,000
Required:
Prepare a predistribution plan for this partnership
Answers
Answer:
Butler, Osman, and Ward Partnership
Predistribution Plan:
Total assets realized (assumed) $467,000
Less liquidation expenses 43,000
Liabilities 179,000
Butler, loan 39,000
Cash available for distribution $206,000
Butler, capital (25%) 84,250 ($95,000 - $10,750)
Osman, capital (25%) 28,250 ($39,000 - $10,750)
Ward, capital (50%) 93,500 ($115,000 - $21,500)
Explanation:
a) Data and Calculations:
Expected liquidation expenses = $43,000
Cash $39,000
Accounts receivable 69,000
Office equipment (net) 59,000
Building (net) 155,000
Land 145,000
Total assets $467,000
Liabilities $179,000
Butler, loan 39,000
Butler, capital (25%) 95,000
Osman, capital (25%) 39,000
Ward, capital (50%) 115,000
Total liabilities and capital $467,000
Predistribution Plan:
Total assets realized (assumed) $467,000
Less liquidation expenses 43,000
Liabilities 179,000
Butler, loan 39,000
Cash available for distribution $206,000
Butler, capital (25%) 84,250 ($95,000 - $10,750)
Osman, capital (25%) 28,250 ($39,000 - $10,750)
Ward, capital (50%) 93,500 ($115,000 - $21,500)
b) Each partner will share in the liquidation expense according to their profits and losses sharing ratios. This will reduce their capital account balances and show the net cash they will collect upon liquidation. Note that this plan is based on the assumption that all the assets will be completely realized, that is, without any loss.
Refer to the figure below and assume that the values for points a, b, and c (the combined value of consumer goods and capital goods)
are $10 billion, $20 billion, and $18 billion, respectively.
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A. The annual rate of economic growth will equals to 7%.
B. The production capacity will fall short of 10%.
What will be annual rate of economic growth?If this economy moves from point A to point B over a 10-year period, its annual rate of economic growth will be as follows:
Rate of growth = (70/ years to double). The economy moves from point a to point b over a 10-year period, then, the rate of growth:
= 70/10
= 7%
What will be the % fall short of its production capacity?If the economy was at point C at the end of the 10-year period, the percentage that it fall short of its production capacity will be as computed below:
Given that the Actual production is at point c, $18 billion, short of production capacity, the fall short is computed as follows:
= (amount short/ $20 billion)
= $2/20
= 10%
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As Talia researches MNCs, she will find that they: Check all that apply. Can influence national politics and cultures Generally have managers with diverse backgrounds in culture, education, and country of origin Are controlled by several management authorities that make key strategic decisions depending on the location in which it is operating No longer see themselves as American, Indian, or Chinese companies; they operate globally and serve a global market
Answers
Answer: Generally have managers with diverse backgrounds in culture, education, end country of origin. AND Can influence national politics and cultures.
Explanation:
Usually have managers with a variety of cultural, educational, and national origin backgrounds who can have an impact on national politics and cultures.
What is national politics?Politics is a category of activities that are related to group decision-making or other types of power dynamics between people, such as the allocation of resources or status. A political system is a framework that outlines socially accepted political practices.
The national politics is the same underlying polity that all of the aforementioned types of government are variations on. While the Montevideo Convention maintains that nations must have a defined area, a permanent population, a government, and the ability to engage in international relations, Max Weber defined the state as a political body with a monopoly on violence inside its territory.
A society without a state is one that is run by no state. There is little concentration of power in stateless societies; the few positions of power that do exist tend to have very little influence and are typically not retained for life; and social entities that settle conflicts through established rules are typically small.
The economic structure and cultural norms of stateless communities vary widely. The majority of the world's population now lives within the borders of a sovereign state, unlike human prehistory, when stateless communities were the norm. Some areas may have very weak and ineffective nominal governmental officials who have little to no real power. The majority of stateless peoples have blended into the state-based communities surrounding them over history.
Political culture explains how national politics are influenced by culture. Every political structure is intertwined with a specific political culture. Political culture is the body of attitudes, convictions, and feelings that provide political processes structure and meaning as well as the fundamental presumptions and guidelines that direct behavior inside the political system.
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12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
Answers
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
Which statement describes how borrowers will most likely benefit when the Fed reduces reserve requirements? Loan requirements will likely be relaxed. Interest rates will likely decrease. Housing prices will likely decrease. Investment opportunities will likely improve.
Answers
Answer:
B. Interest rates will likely decrease.
Explanation:
The statement describes how borrowers will most likely benefit when the Fed reduces reserve requirements is that interest rates will likely decrease.
How does Fed respond to recessions?In the time of recessions, the Fed do uses different monetary policy tools in order to reduce unemployment rates and re-inflate prices.
These tools are said to be open market asset purchases, reserve regulation, etc. Borrowers will most likely benefit when the Fed reduces reserve requirements when interest rates will likely decrease.
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in monopolistic competition, compared to a firm with higher marginal cost, a firm with lower marginal cost will set a____price, produce output, and earn _____profits.
Answers
In monopolistic competition, compared to a firm with a higher marginal cost, a firm with a lower marginal cost will set a lower price, produce more output, and earn higher profits.
Why is profit so high in a monopolistic firm compared with a competitive firm?A monopolist's desire to maximize profits is one of its traits. A monopolist can regulate the price and the quantity required because there is no competition in a monopolistic market. By equating a monopoly's marginal cost and marginal revenue, the level of output that maximizes profit can be determined.
The markup is the distinction between the price and the marginal cost. A perfect competition structure has a price that is equal to the marginal cost, hence there is no markup. Although the price is always higher than the marginal cost, monopolistic competition does, however, result in a product markup.
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Need help on these please
Answers
Sales tax and VAT are both examples of indirect taxes, which are levied by the seller at the time of sale and paid or sent to the government on the buyer's behalf. Thus option (B) is correct.
What is government?The term government refers that the system which was governed by a state or a country in it, we see there are different governments are being there in states the government is made by the people and govern for the people also in it. There is a system being made and under the system, the government is being run.
A consumption tax that charges consumers for their purchases. Because sales taxes are typically passed on to customers at the moment of sale, it is classified as a consumption tax. A sales tax is an example of an indirect tax, meaning it is not paid to the government directly like an income tax is.
Therefore, Thus option (B) is correct.
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discuss Two social factors that may contribute to unemployment in South Africa amongst the youth?
Answers
Some of the social factors that have led to unemployment in South Africa amongst the youth are:
High population growth. High poverty rates.As a result of high population growth, the number of youth in South Africa has increased to a point where getting jobs for all of them is quite difficult.
High poverty rates also mean that a lot of the youth are unable to afford a tertiary education which means that they are unable to get the qualifications needed for a job.
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XYZ Corporation is a traditional reputation retail commercial corporation. Under the pressure of the online
trading wave, the Board of XYZ Corporation had to reform to survive. They decided to set up an e-commerce
startup, named as "e-XYZ" in order to collaborate and support XYZ Corporation' traditional commercial
operations. The Board has assigned Mr. Lê Hoàng Minh, the CIO of XYZ Corporation, in charge of the Chairman
of e-XYZ. Mr.Minh now needs to clarify the vision, mission and/or the strategic development plan of this own eXYZ.
e-XYZ should mobilize the Human Resources from former XYZ' employees in combination with the new
candidates from outside. Minh would like to establish a plan (named as “Gen X – plan”) to extensively change the
culture and structure of e-XYZ FinTech toward an open, innovative, creative organization.
Based on the theories learned in the "Leadership" course, give your own ideas to address the following issues:
Issue 1 (2.0 marks):
What model of cross-cultural organization should Mr Minh LÊ propose to the Board? Explain your
argument using theory/ies and examples for support.
Issue 2 (2.0 marks):
What're the steps of this “Gen X – plan”? Describe the detailed plan together with Minh' specific action
plan for that?
Answers
The cross-cultural organization model that Mr Minh Lê should propose to the board is the Hofstede model, which increases organizational awareness of cultural diversity in global companies.
Hofstede's model
Used in intercultural management with the aim of helping a company and its people to create learning about the impact of cultural diversity in the workplace, creating greater value at work, strengthening the organizational culture and increasing performance.
The basis of Hofstede's model is the differences between individual beliefs and values according to the goals and objectives of the work. The model therefore seeks to increase satisfaction by instituting practices that promote diversity through the creation of a sense of belonging.
The steps os this "Gen X- plan" that the manager should follow would then be the environmental analysis, identification of leadership, control of information, financial management, organizational processes, creating a new portfolio of services, restructuring the culture and instituting the strategic plan.
Therefore, it is necessary that the planning for the cultural and structural change of e-XYZ FinTech towards an open, innovative and creative organization, is focused on environmental and cultural restructuring, with the creation of value for the stakeholders.
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Which go where? Put the letter next to the right one , there could be the same letter for each one more than once
Answers
Answer:
Explanation:
Which go where? Put the letter next to the right one , there could be the same letter for each one more than once 1 in 1 is 2 cookies so if o eat one cookie you have one cookie
A manufacturer reports the information below for three recent years.
Year 1 Year 2 Year 3
Variable costing income 140,000 146,400 143,950
Beginning finished goods inventory (units) 0 2,200 1,700
Ending finished goods inventory (units) 2,200 1,700 1,800
Fixed manufacturing overhead per unit 1.20 1.20 1.20
Compute income for each of the three years using absorption costing.
Year 1 Year 2 Year 3
Absorption costing income
Answers
Answer:
Year 1
Fixed Overhead in ending inventory = (2,200 * $1.20) = $2,640
Year 2
Fixed Overhead in ending inventory = (1,700 * $1.20) = $2,040
Fixed overhead in beginning inventory = (2,200 * $1.20) = $2,640
Year 3
Fixed Overhead in ending inventory = (1,800 * $1.20) = $2,160
Fixed overhead in beginning inventory = (1,700 * $1.20) = $2,040
Absorption costing income
Particulars Year 1 Year 2 Year 3
Variable costing income $140,000 $146,400 $143,950
Fixed Overhead in ending inventory $2,640 $2,040 $2,160
Fixed overhead in beginning inventory $0 ($2,640) ($2,040)
Absorption costing income $142,640 $145,800 $144,070
Select the correct location on the graph.
Indicate the point where a monopoly will set its price,
Рnce
demand
marginal
cost
marginal
revenue
0
Output
Answers
Most often, a monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet, that is MC=MR.
How do monopoly firm set its price?A monopoly sets a monopoly price. When a company has no viable competition and is the sole producer of an industry's product, it has a monopoly. Because there is no competition, a monopoly has absolute market power and can charge a price above the firm's marginal cost.
Because marginal cost is the increase in total cost required to produce an additional unit of the product, the firm can make a positive economic profit by producing more of the product and selling it at a lower price. When it determines the quantity of the product, the monopoly ensures the existence of a monopoly price.
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cash withdraw from bank for personal use
Answers
Answer:
?
Explanation:
Answer:
I'm not sure what you're trying to imply here. I'll assume your question is based on accounting. In this case, your definition matches with Cash drawings.
Stay safe and Merry Christmas! :)
Choose the scenarios provided that would cause an increase in the cell phone quantity produced based on the law of supply.
A)
The price of cell phones increases considerably.
B)
Government subsidies provided to cell phone producers increases.
C)
The cost of the main component of cell phones decreases substantially
D)
The price of cell phones is placed on sale around popular holiday seasons.
E)
The federal government decreases the tariff on the imported computer
chip inside cell phones
Answers
The following scenarios would cause an increase in the cell phone quantity produced based on the law of supply:
B) Government subsidies provided to cell phone producers increases.
C) The cost of the main component of cell phones decreases substantially.
E) The federal government decreases the tariff on the imported computer
chip inside cell phones.
If the price of the cell phones will increase then the demand for cell phones will decrease. Hence, option A is incorrect. The price of cell phones is placed on sale during holiday seasons will not affect the law of supply because the sale price if less then the demand will increase and considerably the sale. Hence, option C is incorrect. If the government subsidies on cell phone increase then the producers will able to produce more cell phones and this will help in increasing the cell phone supply. Hence, option B is correct. If the cost of the main component of the cell phone decreases then the producers can purchase more number of main components for the production of cell phones and the supply for cell phone increases. Hence, option C is correct. If the federal government decreases the tariff on the chip being imported and used in the cell phones. Then it will decrease the production cost and more number of cell phones are expected to be produced and it will increase the supply of cell phone. Hence, option E is correct.Hence, options B, C, and E are correct.
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In general are stockholder in the GAP, more interested in revenues and profits than good wages and working conditions?
Answers
Answer:
see explanation
Explanation:
I can provide some insights on this topic, but please note that individual stockholders' interests can vary widely. It is important to remember that stockholders are a diverse group, and their priorities may differ depending on their personal values, investment strategies, and overall objectives.
While some stockholders may prioritize revenues and profits, there are also stockholders who prioritize factors such as good wages and working conditions. The interests of stockholders can vary depending on their investment philosophy. For example, some investors may focus primarily on financial returns and short-term profitability, while others may consider environmental, social, and governance (ESG) factors, which can include concerns about labor conditions and worker rights.
There is a growing movement among investors and stakeholders that emphasizes the importance of sustainable and responsible business practices. This perspective recognizes that factors like fair wages, safe working conditions, and positive employee relations can contribute to long-term business success. In recent years, shareholders and institutional investors have increasingly pushed for greater transparency and accountability on issues related to workers' rights and social impact.
Additionally, some stockholders may view good wages and working conditions as important factors for maintaining a positive brand image and customer loyalty. Companies with a strong commitment to fair labor practices and employee well-being may be seen as more socially responsible, which can appeal to a broader consumer base.
In summary, stockholders' interests can vary, and while some may prioritize revenues and profits, others may consider good wages and working conditions as significant factors for long-term sustainability and overall business success.
Which of the following statements is TRUE?
O An increase in the price of gasoline will decrease the demand for
gasoline.
O An increase in the price of gasoline will increase the quantity
demanded of gasoline.
O An increase in the price of gasoline will increase the quantity
supplied of gasoline.
O An increase in the price of gasoline will increase the supply of
gasoline.
Answers
An increase in the price of gasoline will decrease the demand for gasoline.
This statement is true.
When two goods are equivalent, the price increase of one will result in a rise in demand for the other.
If they are complementary, then the demand for one will decline as its price rises. Tires and gasoline go together.
Does the price of gas affect demand?Higher prices, in turn, typically regulate or reduce demand while promoting output, whereas lower prices typically have the opposite impact. Prices are impacted by three main supply-side factors: the volume of gas produced.
When gas prices rise, households are more likely to spend a higher portion of their budgets on it, leaving less money available for other purchases. The same is true for companies that must ship their products from one location to another or that depend heavily on gasoline (such as the airline industry).
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calculate the amount of budgeted selling and administrative expenses for february. xing, inc. has prepared the operating budget for the first quarter of the yeqra. The company forecast sales of 40000 in january, 50000 in february, and 60000 in march. variable and fixed expenses are as follows
Answers
The amount Xing, Inc. budgeted for selling and administrative expenses for February is C. $35,700.
What are the selling and administrative expenses?The selling and administrative expenses include all the variable and fixed costs incurred for the following:
SalariesRentDepreciationPower costMiscellaneous expenses.To determine the total selling and administrative expenses, we first determine the total fixed costs per month and the variable costs.
The variable costs are a function of the budgeted sales for each month since a percentage of the sales have been identified as variable costs for power costs and miscellaneous expenses.
January February March
Budgeted sales $40,000 $50,000 $60,000
Variable costs:
Power cost $12,000 $15,000 $18,000
Miscellaneous 2,000 2,500 3,000
Total variable cost $14,000 $17,500 $21,000
Total fixed expenses per month = $18,200
Selling and administrative expenses for February = $35,700 ($17,500 + $18,200).
Thus, for February, Xing forecast to spend C. $35,700 on sales and administration, which may be more or less than the actual expenses for the month.
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Question Completion:Variable and fixed expenses are as follows:
Variable Expenses: Power cost (30% of sales)
Miscellaneous expenses: (5% of sales)
Fixed Expenses:
Salaries expense: $10,000 per month
Rent expense: $5,000 per month
Depreciation expense: $1,400 per month
Power cost/fixed portion: $800 per month
Miscellaneous expenses/fixed portion: $1,000 per month
Using the information above, calculate the amount of selling and administrative expenses for the month of February.
A. $32,200
B. $32,200
C. $35,700
D. $14,000
Question 2
Which is a capability of a presentation software program?
calculating mathematical data
o combining animation and sound
O copying and printing documents
O connecting several computers
Previous
Answers
small company manufactures portable home computer. The plant has fixed cost of $48000 per month and variable cost of 1400 per unit produced. the computers are sold for $1800 each determine the break event point ( hint C(x)=48000+1400x, R(x)=1800x) use it
Answers
If small company manufactures portable home computer. and the computers are sold for $1800 each . the break even point is: $120.
How to find the break even point?Let x be the number of units sold.
Total Cost (TC) = Fixed Cost (FC) + Variable Cost (VC)
TC = $48,000 + ($1,400 x)
Total Revenue (TR) = Price (P) x Quantity (Q)
TR = $1,800x
At the break-even point, Total Revenue (TR) = Total Cost (TC), so we can set the two equations equal to each other and solve for x:
$1,800x = $48,000 + $1,400x
$400x = $48,000
x = 120
Therefore, the company needs to sell 120 units in order to break even.
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Milton Company closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end. On June 30, the Notes Receivable account balance is $23,800. Notes Receivable includes the following.
date Maker Face Value Term Maturity Date Interest Rate
21-Apr Coote Inc 6,000 90 Days 20-Jul 8%
25-May Brady Co 7,800 60 Days 24-Jul 10%
30-Jun BMG Co 10,000 6 Months 31-Dec 6%
During July, the following transactions were completed.
July 5 Made sales of $4,500 on Milton Company credit cards.
14 Made sales of $600 on Visa credit cards. The credit card service charge is 3%.
20 Received payment in full from Coote Inc. on the amount due.
24 Received payment in full from Brady Co. on the amount due.
Required:
a. Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable.
b. Show the balance sheet presentation of the receivable accounts at July 31.
Answers
a) Journalizing the July transactions and the July 31 adjusting entry for accrued interest receivable for Milton Company is as follows:
July 5 Debit Credit Card $4,500
Credit Sales Revenue $4,500
Milton Company credit cards.
July 14 Debit Visa Credit Card $582
Credit Visa Credit Card Expense $18
Credit Sales Revenue $600
Visa credit cards with a service charge of 3%.
July 20 Debit Cash $6,120
Credit Notes Receivable (Coote Inc.) $6,000
Credit Interest Revenue $120
July 24 Debit Cash $7,930
Credit Notes Receivable (Brady Co.) $7,800
Credit Interest Revenue $130
Adjusting Journal Entry:July 31 Debit Interest Receivable $50
Credit Interest Revenue $50
b. The balance sheet presentation of the receivable accounts as of July 31 is as follows:
Milton Company
Balance Sheet as of July 31:
Receivable Accounts:Credit Cards $5,082
Notes Receivable $10,000
Interest Receivable $50
Data and Calculations:Notes Receivable account balance = $23,800
Detailed as follows:
Date Maker Face Value Term Maturity Date Interest Rate
21-Apr Coote Inc $6,000 90 Days 20-Jul 8%
25-May Brady Co 7,800 60 Days 24-Jul 10%
30-Jun BMG Co 10,000 6 Months 31-Dec 6%
Total $23,800
Transactions Analysis:July 5 Credit Card $4,500 Sales Revenue $4,500
Milton Company credit cards.
July 14 Visa Credit Card $582 Visa Credit Card Expense $18 Sales Revenue $600
Visa credit cards with a service charge of 3%.
July 20 Cash $6,120 Notes Receivable (Coote Inc.) $6,000 Interest Revenue $120
July 24 Cash $7,930 Notes Receivable (Brady Co.) $7,800 Interest Revenue $130
July 31 Interest Receivable $50 Interest Revenue $50
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The market for loanable funds and government policy
The following graph shows the market for loanable funds. For each of the given scenarios, adjust the appropriate curve on the graph to help you complete the questions that follow. Treat each scenario separately by resetting the graph to its original state before examining the effect of each individual scenario. (Note: You will not be graded on any changes you make to the graph.)
Demand
Supply
INTEREST RATE (Percent)
LOANABLE FUNDS (Billions of dollars)
Demand
Supply
Scenario 1: Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximum annual contribution to such accounts is $5,000 per person. Now suppose there is a decrease in the maximum contribution, from $5,000 to $3,000 per year.
Shift the appropriate curve on the graph to reflect this change.
This change in the tax treatment of interest income from saving causes the equilibrium interest rate in the market for loanable funds to and the level of investment spending to .
Scenario 2: An investment tax credit effectively lowers the tax bill of any firm that purchases new capital in the relevant time period. Suppose the government implements a new investment tax credit.
Shift the appropriate curve on the graph to reflect this change.
The implementation of the new tax credit causes the interest rate to and the level of saving to .
Scenario 3: Initially, the government's budget is balanced; then the government significantly increases spending on national defense without changing taxes.
This change in spending causes the government to run a budget , which national saving.
Shift the appropriate curve on the graph to reflect this change.
This causes the interest rate to , the level of investment spending.
Answers
Scenario 1: The decrease in the maximum contribution from $5,000 to $3,000 per year causes the demand for loanable funds curve to shift left, leading to a decrease in the equilibrium interest rate and a decrease in the level of investment spending.
Scenario 2: The implementation of the new tax credit causes the supply for loanable funds curve to shift right, leading to an increase in the equilibrium interest rate and an increase in the level of saving.
Scenario 3: The government's increase in spending causes the government to run a budget deficit, leading to a decrease in national saving. This causes the demand for loanable funds curve to shift right, leading to an increase in the equilibrium interest rate and an increase in the level of investment spending.
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Gladstone Co. has expected sales of $326,000 for the upcoming month and its monthly break even sales are $300,000. What is the margin of safety as a percent of sales, rounded to the nearest whole percent
Answers
Answer:
8%
Explanation:
Margin of safety can be described as the level sales can fall to before a firm reaches its break-even point.
Margin of safety = \(\frac{expected sales - breakeven sales}{expected sales} x 100\)
[(326,000 - 300,000) / 326,000] x 100 = 0.0797 = 8%
QUESTION ONE
You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian market. Critically analyse what factors you shall consider in advising Freedom Inc. on how it should set its lending interest rates, accounts commissions, fees & charges. [15 marks]
Answers
Freedom Incorporated must take into consideration the following factors before it can arrive at its own rates, fees, charges, and commissions:
The position of other competing financial institutions;the position of the Reserve Financial Institution.The Reserve Financial institution uses discount rates, reserve requirements, and other monetary policy tools to control the baseline rate below which the banks cannot charge in other to remain profitable.
The discount rate is the rate at which the financial institutions must borrow funds from the reserve institution for onward lending to customers.
Because it is about to enter the market, Freedom Incorporated must use the price penetration strategy by setting rates, commissions, and charges that are slightly above those of the reserve bank but relatively lower than those of other banks so that it can gain traction and patronage quickly.
Care must be taken to consider operating costs. Business economics requires that every business must operate at the point where revenue is in excess of costs. The rates that Freedom Inc. will adopt must meet this requirement.
The reserve requirement is the percentage of its money that a financial institution must bank with the reserve bank. The higher this requirement, the lower the power of the commercial institution to lend to borrowers. When this happens, the cost of banking (that is, rates, charges, commissions, etc) goes up generally. The obverse is also true.
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