Answer:
A. Earned.
Explanation:
The accrual basis of accounting applicable to proprietary fund types requires that exchange revenues be recognized when earned. In Accrual Accounting, revenue is recognized when it is earned and is recognizable to be collected in future, not when cash is received against that revenue.
Why is it important to maintain a career portfolio?
O A. A career portfolio allows you to compare your accomplishments
to those of other job applicants so you know where to improve,
B. A career portfolio allows you to set out goals for your career,
including step-by-step objectives that will lead to those goals,
C. A career portfolio allows you to keep track of everything you need
to do in the future in order to advance your career,
D. A career portfolio allows you to keep track of all skills,
accomplishments, and experience that you may need to apply for
jobs,
Answer:
D. A career portfolio allows you to keep track of all skills,
accomplishments, and experience that you may need to apply for
jobs,
Explanation:
Maintaining a career portfolio is vital since it enables you to keep track of all the abilities, successes, and experience you could need to apply for positions. Thus, option (D) is correct:
What is experience?Experience refers to conscious events in general, and perceptions in particular, as well as the practical knowledge and familiarity produced by these conscious processes.
Employers may find you more employable if you have a career portfolio because it gives them evidence of your persona, your prior successes, and your transferable abilities.
Therefore, Thus, option (D) is correct:
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This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, the company awarded Ed a gold watch worth $105 and a $2,490 cash bonus. What amount must Ed include in his gross income?
Answer:
$2,490
Explanation:
Based on the information given we were told that in order for the company to recognize his long as well as loyal service they awarded Ed a gold watch worth the amount of $105 which as well include the amount of $2,490 as cash bonus which means that the amount that Ed must include in his gross income will be the cash bonus amount of $2,490.
Therefore the amount that Ed must include in his gross income is $2,490
JetBlue’s "Even More Space" initiative allowed passengers to buy seats with more legroom for a slightly higher price. The initiative increased JetBlue’s profit margin. Which customer development strategy does this exemplify?
Answer: Upselling
Explanation:
Upselling is a customer development strategy whereby the customers are encouraged to buy an upgraded or higher end version of a particular product. Upselling therefore results in the customers spending more than what they initially planned for and this bring about increase in revenue to the company.
Therefore, the customer development strategy exemplified by JetBlue is Upselling.
What is the amount of interest revenue that must be accrued on December 31st for a nine-month, 6%, $2,000 note receivable that was accepted on November 1st? Interest Accrued:_________
Answer:
$20
Explanation:
The amount of interest accrued = Note amount * Interest rate * Number of months expired till December 31/ 12 months
= $2,000 * 6% * 2/12
= $20.
Thus, the interest accrued = $20
The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.
2016 2017 2018
Net Income: $1,200 -$500 $2,300
Net Cash Flows: $500 $300 $2,800
Dividends: $200 $0 $200
Issuance of Stock: $2,000 $0 $0
A) $4,600
B) $2,600
C) $3,100
D) $3,500
Answer:
B) $2,600
Explanation:
Retained earnings in each is computed as net income minus dividends
In year 2016 retained earnings=$1200-$200=$1000
In year 2017 retained earnings=2016 retained earnings+net income-dividends
2017 retained earnings=$1000-$500+$0=$500
2018 retained earnings=2017 retained earnings+net income-dividends
2018 retained earnings=$500+$2,300-$200
2018 retained earnings=$2,600
An example of a population is all people who shop at Target while a sample is only those people who buy orange juice at Target. A. True B. False
Answer:
True
Explanation:
A population in statistics is defined as the total items that is of interest to the scientist and from which studies are conducted to draw conclusions.
It is from population samples are drawn.
Sample is defined as a part of a population that is studied and used to draw inference or conclusion about the whole population.
In the given scenario all people who shop at Target are the population that is of interest.
To draw conclusion about the population only those people who buy orange juice at Target. A are used as a sample to draw conclusions
Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 Sales $ 439,000 Cost of goods sold: Inventory, January 1 78,000 Net purchases 326,000 Goods available for sale 404,000 Inventory, December 31 95,000 Cost of goods sold 309,000 Gross profit $ 130,000 Thompson's 2021 inventory turnover ratio is:___________. (Round your answer to two decimal places.)a. 4.62.b. 3.25.c. 3.57.d. 5.08.
Answer:
c. 3.57
Explanation:
Inventory turnover ratio is computed as;
= Cost of goods sold ÷ Average inventory
Given that;
Cost of goods sold = $309,000
Average inventory = Beginning inventory + Ending inventory / 2
= $79,000 + $95,000 / 2
= $85,000
Inventory turnover ratio = $309,000 ÷ $86,500
Inventory turnover ratio = 3.57
In a SWOT analysis, what are opportunities
Answer:
Opportunities represent the external factors that can give a competitive advantage to the organization.
Explanation:
SWOT analysis is a useful technique for understanding the strengths and weaknesses of your business, as well as for identifying opportunities that are open to you and threats that could jeopardize your business.
Answer:
Opportunities are positive external factors that can affect your company. They are external conditions that make it possible for your business to succeed or improve.
Explanation:
...2021
A company has break-even sales of $200,000. If the company expects sales of $500,000, the margin of safety i is________.
Answer:
Margin of safety = $300000
Explanation:
The margin of safety is the amount or units in excess of the break even level of sales or units. It is the region beyond the break even point and represents the profit for the business. Any units in excess of the break even point represents the margin of safety.
The margin of safety for the given question with expected sales of $500000 and break even sales of $200000 can be calculated as follows,
Margin of safety = 500000 - 200000 = $300000
How does Alibaba implement competitive pricing strategy in market?
Answer:
By reducing their prices compare to the price of their competitors.
Explanation:
Note, a competitive pricing strategy refers to a pricing strategy that involves deliberately finding out the prices in which your competitor sells their product and then tailoring yours to be a little lower than theirs, by so doing customers feel motivated to buy from you instead.
For example, Alibaba can go to its competitor, let's say Amazon. and see how sells an iPhone. Then Alibaba can reduce/set its own price benchmark based on their prices.
what is pizza recipe
Answer:
Dough, sauce, cheese, garlic butter for the crust, if you wanna get fancy a dash of olive oil when its baked, and your ingredients
Explanation:
In the Cournot Model of Oligopoly:____________.
a. price is higher than the monopoly price
b. price is lower than the monopoly price, but higher than the perfectly competitive price
c. price equals the perfectly competitive price
d. price is lower than the perfectly competitive price
Answer:
b. price is lower than the monopoly price, but higher than the perfectly competitive price
Explanation:
In the Cournot Model of Oligopoly, price is lower than the monopoly price, but higher than the perfectly competitive price.
Oligopoly is a market situation in which there are a small number of sellers which are selling homogeneous or differentiated products. Example are Market of automobiles and steel. Cournot Model of Monopoly assumes that the rival firms produce a homogeneous product and each firm are after maximization of profits through deciding on how much to produce
The ____ is a type of operational plan that saves managers time because it is created once and then used repeatedly to handle frequently recurring events.
a. standing plan
b. forecast
c. single-use plan
d. options-based plan
e. budget
Answer:
a. standing plan
Explanation:
operational plan make a room for strategy plan it give clear picture of the goals to be accomplished as well as the objectives and the task behind it to the personnel in an organization. It is an implementation of strategies.It should be noted that standing plan is a type of operational plan that saves managers time because it is created once and then used repeatedly to handle frequently recurring events.
a good economist is one who looks at economic issues only with hindsight or not. please explain with examples
Answer:
The specification and according to the issue are listed throughout the clarification section described.
Explanation:
Economics would be a social science which always investigates whether consumers participate, in terms of direction, regarding interest, distribution as well as general price level. This same production and consumption approach demonstrates how prices differ to maintain the balance among both commodity production and trade. The economic theory focuses on the behavior as well as the engagement of financial intermediaries as well as how ecosystems function.For obvious reasons, private individuals should include families, companies, producers, and consumers.
Dylan has a standard set of questions he asks all applicants during an interview. What type of interview does dylan conduct
Answer:
it is well planed
Explanation:
if not planed ,not much people will join that job
Dylan has a standard set of questions that he asks from all applicants during an interview. The type of interview that Dylan conduct is structured interview.
What is an interview?An interview is a conversation between two or more people, typically conducted to gather information, assess qualifications, or evaluate suitability for a particular role or position.
In the context of employment, an interview is typically conducted by a potential employer to evaluate a job applicant's skills, experience, and overall fit for the job.
Interviews can take many different forms, from traditional in-person interviews to phone and video interviews. They can be structured or unstructured, formal or informal, and may involve a single interviewer or a panel of interviewers.
Dylan conduct structured interview because he has a standard set of questions that he asks from all applicants.
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Boyne Inc. had a beginning inventory of $12,000 at a cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at retail. Net markups were $10,000; net markdowns were $7,000; and sales revenue was $147,000. Compute ending inventory at cost using the conventional retail method.
Ending inventory using the conventional retail method ________ $
Answer:
$24,000
Explanation:
For conventional retail method, there is the inclusion of markups but excludes markdown, which bring about lower inventory value, hence allows retailer track cost of purchasing and sales price.
Boyne inc. had beginning inventory of $12,000 at a cost and $20,000 at retail, so the ratio of inventory cost and sales price is 60% [$12,000/20,000 × 100]
Then, the inventory cost of $170,000 at retail
= 60% × ($170,000 + $10,000)
= 60% + $180,000
= $108,000
The ending inventory cost of Boyne inc.
= Beginning inventory of $12,000 + Net purchases $120,000 - Inventory cost for sales $108,000
= $24,000
which of the following would make thebest topic sentence
Answer:
I need a choice...
Explanation:
Triad common stock is selling for $27.80 a share and has a dividend yield of 2.8 percent. What is the dividend amount?
A. $.31
B. $.78
C. $3.49
D. $4.25
E. $7.80
Answer:
B. $.78
Explanation:
Shares are units of ownership of a company that is sold to investors in order to get funds needed to run operations and other business needs.
The investors receive a payment on their shares form the profit made by the business. This is called dividend.
In the given instance Triad common stock is selling for $27.80 a share with dividend yield of 2.8 percent.
To get the dividend amount multiply share price by the dividend percentage.
Dividend = 0.028 * 27.80 ~ $0.78
When using a perpetual inventory system and the weighted-average inventory costing method, a new weighted-average cost per unit is computed __________ each __________.
Answer:
After each purchase
Explanation:
perpetual inventory system can be regarded as a kind of inventory management that utilize technology in the documentation of real-time transactions whenever stock is received or sold, this method is reliable and the efficiency is high compare to
periodic inventory system. It should be noted that When using a perpetual inventory system and the weighted-average inventory costing method, a new weighted-average cost per unit is computed after each purchase. perpetual inventory system can be use by gocesory stores.
You have a portfolio which is composed by a risky asset with an expected rate of return of 15% and a standard deviation of 20% and a risk free asset with a rate of return of 10%. What portion of your portfolio should be invested in the risky asset if you want your portfolio to have a standard deviation of 8%?
Answer:
Weight of risky asset = 0.4 or 40%
Explanation:
The standard deviation(SD) of a portfolio with one risky asset and one risk free asset can be calculated by multiplying the weightage of investment in the risky asset by the standard deviation of the risky asset as the risk free asset's standard deviation is zero. The formula to calculate the standard deviation of such a portfolio is,
Portfolio SD = weight of risky asset * Standard deviation of risky asset
Plugging in the values for portfolio SD and standard deviation of risky asset, we can calculate the weight of risky asset in the portfolio to be,
0.08 = weight of risky asset * 0.2
0.08 / 0.2 = weight of risky asset
Weight of risky asset = 0.4 or 40%
You're trying to save to buy a new $196,000 Ferrari. You have $46,000 today that can be invested at your bank. The bank pays 5.4 percent annual interest on its accounts.
How long will it be before you have enough to buy the car? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)
Answer:
It will take 27.56 years to gain $196,000.
Explanation:
Giving the following information:
Future value (FV)= $196,000
Present value (PV)= $46,000
Interest rate= 5.4% = 0.054
To calculate the time required to reach the objective, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(196,000/46,000) / ln(1.054)
n= 27.56
It will take 27.56 years to gain $196,000.
SARAH makes $43,000 per year, is single, and lives in Connecticut. She has $19,000 in subsidized loans and $8000 in unsubsidized loans. Which repayment plan will be the cheapest for her in total?
Answer:
Sarah's cheapest repayment plan is:
The standard repayment plan.
Explanation:
With the standard repayment plan, Sarah repays 120 fixed monthly installments, assuming a repayment term of 10 years. She will pay minimal interests since the standard repayment plan also offers the shortest repayment period. To minimize interest expense, Sarah should repay the unsubsidized loans before the subsidized loans. The reason is that the unsubsidized loans accrue more interest expense over their terms than the subsidized loans.
The repayment plan that will be the cheapest for Sarah in total is the Standard Repayment plan.
This is because of all the available types of repayment plans; standard repayment plans offer the borrower the least amount to repay within ten years compared to other plans.
Also, since she owes both subsidized and unsubsidized loans, it is recommended that she repays her unsubsidized loan first because it accrues more interest before repaying her subsidized loan.
Hence, in this case, it is concluded that the correct answer is "Standard repayment plan."
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Say Mary would like to create a scholarship for $2,500 per year at ECU in her family's name. If the money market rate where the corpus will be placed to earn interest is 5.5% and if the inflation rate is 4.0%, how much will she have to donate?
Answer:
the amount that she have to donate is $166,666.70
Explanation:
The computation of the amount that she have to donate is shown below:
Donation amount is
= Annual scholarship ÷ (interest rate - inflation rate)
= $2,500 ÷ (5.5% - 4.0%)
= $2,500 ÷ 1.5%
= $166,666.70
hence, the amount that she have to donate is $166,666.70
We simply applied the above formula so that the correct value could come
And, the same is to be considered
If a union succeeds in rasing the wages of its members above the equilibrium, what is a likley outcome?a. unemployment.b. deflation.c. increased number of discouraged workers.d. an inward shift of the labor supply curve.
Answer: a. unemployment.
Explanation:
If a union manages to raise the wages of its members but this wage is above the equilibrium, it will lead to the producers making less than they are supposed to due to higher input costs.
They will therefore seek to reduce their input costs and they will do so by hiring less people and letting go of some of the workforce. This will reduce their input costs and bring them back to equilibrium but will lead to unemployment in the nation.
Jan purchased 100 shares of Peach Computer stock for $15 per share, plus a $14 brokerage commission. Every 6 months she received a dividend from Peach of 35 cents per share. At the end of 2 years, just after receiving the fourth dividend, she sold the stock for $21 per share and paid a $58 brokerage commission from the proceeds. What annual rate of return did she receive on her investment?
Answer:
The annual rate of return did she receive on her investment is 20.05%
Explanation:
Use following formula to calculate the rate of return
Holding period return = ( Income from Investment + Price appreciation ) / Initial value of the shares
Where
Income - Dividend Received = 100 shares x $0.35 x 4 semiannual periods = $140
Price appreciation = ( ( $21 x 100 shares ) - $58 ) - ( ( $15 x 100 shares ) + $14 )
Price appreciation = $2042 - $1,514
Price appreciation = $528
Now calculate the holding period return
Holding period return = ( $140 + $528 ) / $1,514
Holding period return = 44.1215%
Now annualise the return as follow
Annual rate of return = ( Holding period return + 1 )^1/2 - 1
Placing values in the formula
Annual rate of return = ( 44.1215% + 1 )^1/2 - 1
Annual rate of return = 20.05%
Patents, copyrights, and trademarks:________
a. are examples of government-created monopolies.
b. allow their owners to reduce the costs of what they produce.
c. generate more revenue for the government than they cost consumers in the form of higher prices.
d. All of the above are correct.
Answer: a. are examples of government-created monopolies.
Explanation:
Patents, copyrights and trademarks are given by a government to a company to protect its products from being produced by other companies without permission which means that only the company with this government protection can produce the goods in question.
This therefore makes the company producing the goods a monopoly and one that was created via government actions.
Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected.
WACC: 9%
Year 0 1 2 3
Cash flows -$1,000 $450 $450 $450
a. 13.70%
b. 13.84%
c. 13.28%
d. 17.29%
e. 14.53%
Answer:
the project's MIRR is 13.84 %
Explanation:
MODIFIED INTERNAL RATE OF RETURN (MIRR)
-It is the rate that causes the Present Value of the Terminal Value (Future Cash flows at the end of the Project) to equal Present Value of Cash outflows.
-MIRR assumes a reinvestment rate at the end of the project
The First Step is to Calculate the Terminal Value at end of year 3.
Terminal Value (FV) = Sum of (PV x (1 + r) ^ 3 - n)
= $450 x (1.09) ^ 2 + $450 x (1.09) ^ 1 + $450 x (1.09) ^ 0
= $534.65 + $490.50 + $450.00
= $1,475.15
The Next Step is to Calculate the MIRR using a Financial Calculator :
(-$1,000) CFj
0 CFj
0 CFj
$1,475.15 CFj
Shift IRR/Yr 13.84 %
Therefore, the project's MIRR is 13.84 %.
Hamlin Metals Company has sales representatives covering several states and provides automobiles for them and for its executives. Describe any substantive procedures you would consider appropriate for the company's fleet for more 100 automobiles, other than the verification procedures generally applicable to all property and equipment.
Looking at the question given,the important features of substantive tests given for a fleet of automobiles will be to review the certificates of the registration of automobiles and also the titles,the goal of this is to confirm legal ownership and also making the identification of some automobiles physically by confirming the model,the year and the serial number.
However,it is also not possible that the whole automobile will be at a convenient location for the purpose of the examination.But these substantive test procedures has a way of ensuring that trades and sales has been reflected in these accounts.
Moreover,these said procedures should be advised by the audit program for plant, equipment and building along the line.
Suppose 1-year Treasury bonds yield 3.00% while 2-year T-bonds yield 3.20%. Assuming the pure expectations theory is correct, and thus the maturity risk premium for T-bonds is zero, what is the yield on a 1-year T-bond expected to be one year from now?
Answer:
the yield on a 1-year T-bond expected to be one year from now is 1 + x = 1.0340038835 or x = 3.40%
Explanation:
The computation of the yield on 1 year T bond expected one year from now is shown below:
Let us assume the 1 year T bond yield be x
So, the equation that could be made is given below:
(1.03) × (1 + x) = (1.032)^2
(1.03) × (1 + x) = 1.065024
1 + x = 1.065024 ÷ 1.03
1 + x = 1.0340038835
x = 3.40%
Hence, 1 + x = 1.0340038835
or x = 3.40%
What type of communication takes place when announcements in offices are made through public announcement systems?
A.
interpersonal communication
B.
written communication
C.
mass communication
D.
public communication
E.
intrapersonal communication
Answer:
mass communication
Explanation:
I asked the teacher, she looked at the answer key and said