Answers
The small business administration coordinates a group of international trade attorneys in the ELAN program who provide free initial consultations to small businesses on export matters.
To obtain an IEC number, which form must Indian exporters submit?Click the "Submit and Generate IEC Certificate" button after filling out the application form (in ANF 2A format), uploading the required documents, and paying the required fees.
Companies can get a wide range of international trade expertise from the U.S. Commercial Service (CS), which is part of the International Trade Administration of the U.S. Department of Commerce. Organizations can track down help locally in excess of 100 U.S. Business Administration workplaces from one side of the country to the other and in excess of 70 worldwide workplaces.
The primary document that the customs office uses to grant permission for the export is the shipping bill. The export goods, the ship's name, the ports where the goods will be discharged, the country of final destination, and the exporter's name and address are all included in the shipping bill.
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Related Questions
Which of the following statements pertain to a joint venture and not to a partnership business arrangement?
I.It has a limited purpose
II.It is a business relationship between several entities
III.Involves the sharing of gross returns rather than profits
IV.Each person or entity involved is liable only for an agreed-upon portion of the liabilities
V.Allows for the right of each person or entity involved to dispose of any interest in the property subject to the agreement
Review Later
I, III, IV and V only
II and III only
I, II, III, IV and V
I and II only
Answers
The statements that pertain to a joint venture and not to a partnership business arrangement are: I and II only.
A joint venture is a business arrangement that is entered into by two or more business entities who pool resources together to venture into a business where resources will be shared.
This is different from a partnership that involves two or more people who decide to run a combined business.
So, the major difference between these two is that joint ventures are mainly entered because of a particular project.
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Exercise 2-2 (Static) Preparing job cost sheet and computing costs LO C1 The following information is from the materials requisitions and time tickets for Job 9 completed by Great Bay Boats. Materials requisitions are identified by code numbers starting with the letter M, and the time tickets start with T. Estimated (applied) overhead for Job 9 is $1,400. Date Document Amount July 1 M-46 $ 1,250 July 1 T-33 600 July 5 M-47 1,000 July 5 T-34 450 July 10 T-35 300 Prepare a job cost sheet for Job 9, which includes costs for direct materials, direct labor, overhead, and total cost.
Answers
The Cost Sheet for Job 9 for the month of July is as follows:
Direct materials $2,250
Direct labor 1,350
Applied overhead 1,400
Total cost of manufacturing $5,000
Data for Job 9:
Estimated (applied) overhead = $1,400
Materials Requisitions:
Date Document Amount
July 1 M-46 $ 1,250
July 5 M-47 1,000
Total cost of materials = $2,250
Time Tickets:
Date Document Amount
July 1 T-33 600
July 5 T-34 450
July 10 T-35 300
Total cost of direct labor = $1,350
Thus, the total cost of producing Job 9 in July is $5,000.
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One of the most important things to understand about the Income-Expenditure model is that as GDP (or national income) increases ________ increases as well.
Answers
Answer:
B. aggregate expenditure
Explanation:
Options are "A. aggregate demand B. aggregate expenditure C. aggregate supply"
One of the most important things to understand about the Income-Expenditure model is that as GDP (or national income) increases, Aggregate Expenditure increases as well. When income or GDP increases along with that, the Aggregate expenditure also rises. The GDP and Aggregate Expenditure shares positive relationship in the long run.
suppose promoters of xyz music concerts knows that if they charge 400birr pertcket 2000 people would buy thetickets for conserts and if charge 200birr perticket 4000 people would by tickets over this pirce range A, find pirce elasticity of damand B, uhat types of price elasticity of damand
Answers
A.Price Elasticity of Demand is 1.
B.In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.
To calculate the price elasticity of demand, we can use the formula:
Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price
A. Calculating the percentage change in quantity demanded:
Change in Quantity Demanded = 4000 - 2000 = 2000
Average Quantity Demanded = (4000 + 2000) / 2 = 3000
Percentage Change in Quantity Demanded = (Change in Quantity Demanded / Average Quantity Demanded) * 100
= (2000 / 3000) * 100
≈ 66.67%
Next, let's calculate the percentage change in price:
Change in Price = 400 - 200 = 200
Average Price = (400 + 200) / 2 = 300
Percentage Change in Price = (Change in Price / Average Price) * 100
= (200 / 300) * 100
≈ 66.67%
Now, we can calculate the price elasticity of demand:
Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price
= 66.67% / 66.67%
= 1
B. Since the price elasticity of demand is equal to 1, it indicates unitary price elasticity of demand. This means In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.
This suggests that consumers are highly responsive to price changes, and a small increase or decrease in price can lead to an equivalent change in the number of tickets sold.
that the demand for tickets is perfectly elastic within this price range.
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1. Suppose the economy is operating in a recessionary gap. If policymakers wished to use fiscal policy to move output to its long-run natural rate, they should attempt to
a. shift aggregate demand to the right
b. shift aggregate demand to the left
c. shift short-run aggregate supply to the right
d. shift short-run aggregate supply to the left
2. Assume that the US economy is producing at its potential GDP when an economic boom (short run event) in both Japan and Europe. This boom results in massive increase in orders for exported goods from the United States.
a. This economic boom in Japan and Europe would cause which curve to shift for AS-AD for the US Economy?
b. Which component of the Expenditure Equation for the US is affected by this boom?
c. What type of macroeconomic equilibrium condition is created by this short run event? (Inflationary gap, recessionary gap or stagflation)
d. Explain the type of fiscal policy that US government would use to bring the economy back to full employment. What curve in the AS-AD would this fiscal policy shift?
e. Explain the type of monetary policy that The Fed would use the bring the economy back to full employment. Hint: ( focus on the Federal Funds Rate and IROB Rate) What curve in the AS-AD would this fiscal policy shift?
Answers
Answer:
1. aggregate demand shifts right or aggregate supply shifts left
2. im not too sure about the second one but i would say A sorry about that
Explanation:
The production possibilities frontiers in the figure to the right show how many bananas and coconuts you (Y) and your
neighbor (N) can consume without trade. Suppose you are initially consuming 6 bananas and 6 coconuts and your
neighbor is initially consuming 3 bananas and 9 coconuts.
Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative
advantage.
You give your neighbor half of your production for half of what he produces. (Enter all responses as integers.)
If you trade with your neighbor, then you will have 8 additional coconut(s) after the trade and 10 additional banana(s)
additional banana(s) and will be
as a result of
the same time, your neighbor will be able to consume
trade.
Answers
If you trade with your neighbor, then you will have 6 additional coconuts after the trade and 9 additional bananas and will be better off as a result of trade. At the same time, your neighbor will be able to consume 3 additional coconuts and 12 additional bananas after trade.
What is the production possibility frontier?The Production Possibility Frontier (PPF) is an economic curve that illustrates the combinations of production that can be attained when nations or firms specialize in producing goods in areas where they enjoy more comparative advantages than others.
Data and Calculations:Consumption without trade:
Coconuts Bananas
You 6 6
Neighbor 9 3
Total consumed 15 9
Production with specialization:
Coconuts Bananas
You 24 0
Neighbor 0 30
Total Production 24 30
Additional units with specialization:
Coconuts Bananas
Production with trade 24 30
Trade Exchange 12 15
Balance after trade 12 15
Your Consumption with trade:
Coconuts Bananas
After trade 12 15
Before trade 6 6
Additional units 6 9
Neighbor's consumption with trade:
Coconuts Bananas
After trade 12 15
Before trade 9 3
Additional units 3 12
Thus, with the PPF, we can conclude that you and your neighbor enjoy the consumption of more coconuts and bananas when you engage in trade than without trade.
See attached for complete question and diagram.
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In the set of all past due accounts, let the event A mean the account is between 31 and 60 days past due and the event B mean the account is that of a new customer. The union of A and B is all new customers all accounts fewer than 31 or more than 60 days past due all accounts from new customers and all accounts that are from 31 to 60 days past due all new customers whose accounts are between 31 and 60 days past due
Answers
In the set of all past due accounts, all accounts are fewer than 31 or more than 60 days past due.
What is the difference between past due and arrears?To differentiate from past due payments, payment at the end of a period is referred to as an arrear and is capitalized. For instance, a tenant who must pay rent at the end of each month is said to be in arrears on their rent payments, whereas a tenant who has not made rent payments due for 30 days is said to be one month behind.
When an account is regarded as being past due, it means that as of the last payment due date, the minimum required payment had not been made to the account. Technically, the moment you miss the payment, your account is past due. Some credit card companies automatically charge a late fee to your card.
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Select the correct answer from each drop-down menu.
What promotional strategy is being used here?
David's speedboat company has an opportunity to feature their fastest boat in a chase sequence for a new action movie that is being shot in their city. Careful _____ will feature their boat very prominently. The company is still relatively young and unknown, so this opportunity will help to raise _____.
Answers:
1A: Sponsorship
2B: Product Placement
3C: Endorsement
2A: Average Sales
2B: Brand Awareness
2C: Image Enhancement
Answers
Endorsement is the promotion strategy used in this question.
Endorsements are a type of advertising in which well-known persons or celebrities are used because they have gained the public's high level of respect, trust, or awareness.
The full sentence would be-
David's speedboat company has an opportunity to feature their fastest boat in a chase sequence for a new action movie that is being shot in their city. Careful- Endorsement will feature their boat very prominently. The company is still relatively young and unknown, so this opportunity will help to raise Brand Awareness.
Hence, the correct options are- 3C and 2B.
Giving an example, what is endorsement?In a broader sense, endorsing something or someone is the act of expressing agreement with or support for that object or person; endorsing parties may or may not get payment.
An advertisement for a pair of Nike-branded sneakers, for instance, may include a WNBA basketball player.
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In which scenario is an individual's behavior least likely to change?
a. The city of Saskatoon chooses to give its residents a penny for each soda can they recycle in an effort to promote environmental awareness.
b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.
c. A basketball team manages to sign a trio of famous basketball stars who then clamor for other players to come join their team to win a guaranteed championship.
d. The country of Ravamolk enacts a policy to fine companies 20% of their earnings if the safety standards in their factories do not reach acceptable work conditions.
Answers
In the other options, there are actual incentives/consequences for the thing they are trying to change. Without those, it’s more of a suggestion, and people are less likely to change without those incentives/consequences because it doesn’t directly affect them.
It’s like your mom saying “You should really do your homework.” versus “If you don’t do your homework, I’ll take your phone.” or “If you do your homework, you can have ice cream after dinner.” In this scenario, you are more likely to change with the incentives/consequences because it directly affects you.
An individual's behavior is least likely to change when merely informed of a healthier option, like in Scenario B, as there is no incentive or consequential action attached.
Explanation:In the given scenarios, an individual's behavior is least likely to change in Scenario B where the city of Bakersville tells its residents to eat wheat bread instead of white bread. This scenario only involves information provision with no rewarding or punitive actions attached to induce behavior change, as compared to the rest of the scenarios. Behavioral change usually occurs when there are incentives or penalties associated with the action. For instance, in Scenarios A & D, Saskatoon and Ravamolk are using a reward technique and penalties respectively, as a trigger for behavioral change. Scenario C is using the appeal of fame and success to encourage change. But talking about bread choice without any consequential actions does not guarantee a behavior change.
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100 POINTS PLZ HELP
Career and Technical Student Organizations: Tutorial
Choosing a Professional Organization
This activity will help you meet these educational goals:
Content Standards— You will research and choose a professional organization for your chosen career path.
Inquiry—You will conduct online research in which you will collect information and communicate your results in written form.
21st Century Skills — You will use critical-thinking and problem-solving skills.
Directions
Read the instructions for this self-checked activity. Type in your response to each question, and check your answers. At the end of the activity, write a brief evaluation of your work.
Activity
Identify three professional organizations for your chosen career via Internet research. Describe the membership requirements, as well as any certifications that the organization might offer. Why would you join the organization? What are the benefits of joining it? What are the drawbacks? Do you have to get any certifications? Identify the one organization that you believe would be the best for a professional entering the field in that chosen career cluster, and explain why.
Answers
Answer:
Hydrologist
Architect
Naval architect
Architectural or civil drafter
Materials lab and supply technician
Explanation:
Answer:
PLATO/edmentum sample answer :)
Explanation:
I have conducted an online research and identified three professional organizations for my chosen career path of finance and insurance. The organizations are as follows.
International Cost Estimating and Analysis Association (ICEAA): This association is a non-profit organization that has not only national chapters but also international ones. It fosters the professional growth of its members and has open membership for students, professionals, and government employees. It offers a certification program that could train you to become a Certified Cost Estimator/Analyst. This certification program consists of two parts. However, one needs five years of cost experience and a bachelor’s degree. A benefit of joining this program is that members can get international exposure because of the presence of international chapters.
International Association of Insurance Professionals: This association provides a platform for people who want to establish a career in insurance. This professional association is open to all individuals in the insurance and risk management industries. It offers various programs for entry-level professionals and for those who want to continue their education. One of the most popular certifications it offers is the Certified Leadership Program (CLP). This program has four modules, with papers ranging from strategic planning to self-leadership. The benefits of joining this organization are that it provides mentoring opportunities, has various educational programs and certifications, and—most important—offers partnerships with other business organizations that could prove beneficial in the long run.
Government Finance Officers Association (GFOA): This organization has an open membership for those moving toward government financial management. It has comprehensive resources and updates its members on accounting standards such as GAAP and the Code of Professional Ethics. The Certified Public Finance Officers Program is the certification that GFOA offers. This self-study program tests your knowledge of government finance. It is a series of five examinations that receives technical support from Radford University. The benefit of joining this organization is that it provides internships and scholarships for students. Because of this benefit, I think GFOA is the best organization for providing guidance and support to students and professionals entering the Finance career cluster.
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Answers
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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F. B. C. E. D. INFORMATION: A . Extract from the books on 30 June 2021: . Fixed/Tangible assets (carrying value) Fixed deposit Morocco Bank · Ordinary share capital (1 July 2020) Retained income (1 July 2020) Bank (favourable) Loan: Helping Bank Trading stock Debtors' control Creditors control Income received in advance SARS Income tax (provisional payments) Dividends on ordinary shares (interim dividends) Share capital: The business has an authorised share capital of 6 000 000 shares 70% of the shares were in issue on 1 July 2020. 60 000 ordinary shares were repurchased from a disgruntled shareholder on 1 December 2020 The company paid R3,50 per share. This was paid and recorded on 1 December 2020. A final dividend of 22 cents per share was declared on 30 June 2021. Only shares in the share register qualify for final dividends. 380 000 3 150 000 874 000 250 700 302 400 478 000 317 000 239 800 6 600 390 000 630 000 The following adjustments have not been taken into account yet: Provision for bad debts is set at 5% of the outstanding debtors. Insurance included an annual premium of R31 800, paid for the period 1 October 2020 to 30 September 2021. The loan statement from Helping Bank reflected the following: Balance on 1 July 2020 Repayments during financial year (including interest) Interest capitalised Balance on 30 June 2021 R480 000 R177 600 R57 600 ? R40 000 of the loan will be paid back in the next financial year. Income tax for the year amounted to R408 800. This was calculated at 28% of the corrected net profit.
Answers
Which of the following is not true of the critical path?
a. critical path can not be changed during the life of project.
b. critical path is always longest in a network.
c. critical path demands careful monitoring and controlling.
d. all of the answers are correct.\
Answers
The statement that not true of the critical path is critical path can not be changed during the life of project.
What is critical path?Critical path is a method in project graph to determine the minimum time that necessary to complete the entire of project. The critical path can be calculated by sum the longest time of path from start to finish.
Since, it calculate the entire project, the critical path need to estimated all activities. But, often the unforeseen circumstances make the duration in one activities changed, and this will make the original critical path no longer relevant.
Thus, the critical path will not remain static and can be changed during the completion of project. So, the option A is not true.
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Debbie Jones and Bill Schneider exchanged standard order forms to formalize their contract for a batch of goods and realized that their standard forms do not agree on material terms. Under UCC section 2-207, when will there be a contract? Assume that Bill did not make his acceptance conditional on Debbie's assent to any additional or different terms.
Answers
Under the Uniform Commercial Code (UCC) section 2-207, a contract can be formed even when the parties' standard forms do not agree on material terms.
However, the terms of the contract will be determined based on the parties' conduct and any additional or different terms proposed in the forms.
In the situation described, if Bill did not make his acceptance conditional on Debbie's assent to any additional or different terms, there will be a contract under UCC section 2-207. The terms of the contract will be determined based on the following rules:
The terms of the contract that both parties agreed upon will be included in the contract.If the parties' standard forms contain conflicting terms, the conflicting terms will be considered "knocked out," and the UCC will supply gap-fillers to determine the missing terms.If one of the parties included additional or different terms in their standard form, those terms will be included in the contract if they do not materially alter the contract and the other party does not object.If one of the parties included additional or different terms in their standard form, and those terms materially alter the contract, the terms will not be included in the contract unless the other party explicitly agrees to them.Therefore, the specific terms of the contract will depend on the conduct of the parties and whether any additional or different terms materially alter the contract. If no material alterations are made, then the terms will be determined by the UCC gap-fillers.
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02. Which of the following is not a general management function during staffing? (a) Employee training and development (b) Employee performance appraisal (c) Development of employee according to expertise (d) Follow-up by the manager who delegated the responsibility
Answers
Development of employee according to competence is not a generic management function during staffing.
What are the four objectives of performance reviews?y identifying employees' skills and weaknesses, put the right people in the right jobs. to maintain and assess a person's capacity for growth. to provide employees with feedback on their work and pertinent status.
What do supervisors often concentrate on the given statement?Managing a team is one of a supervisor's most crucial responsibilities. Supervisors frequently organise and lead the team's efforts to finish a task. Supervisors are responsible for setting goals, communicating them, and assessing team performance in which we describe everything.
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finance and financial planning professionals have to work with clients on a (what) basis?
monthly
daily
weekly or
rare
Answers
Monthly customer interaction is necessary for those in finance and financial planning. As a result, choice (A) is right.
According to common use, a financial planning is a thorough assessment of a person's present financial situation and anticipated future financial status that uses current known variables to forecast future earnings, asset values, and withdrawal schedules.
A budget that organizes a person's finances is frequently included in this, as well as perhaps a list of actions or precise objectives for interaction future spending and saving.
This plan divides up future income into several categories of costs, such rent or utilities, while also setting aside a portion for both short- and long-term savings.
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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While shopping for prom dresses, Madison bought the second dress she tried on. As soon as she put on the dress, she immediately thought that it "just felt
Which evaluative criteria choice did Madison use when choosing her dress?
Answers
Answer:
It just felt right
Explanation:
Which educational institutions typically cost the most to attend?
vocational schools
community colleges
public universities
private colleges
Answers
Answer:
Private colleges
The educational institutions that typically cost the most to attend is the private school.
What is private school?Private school is defined as an independent school that is self-contained. They are not managed by state, local, or national governments and are also known as private schools, non-governmental, privately funded, or non-state schools. Private schools are often the most expensive educational institutions to attend.
Therefore, option D is correct.
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For each of the following pairs of goods, which good would you expect to have more elastic demand and explain clearly why? (8 marks)
a. Coca-Cola or water
b. Required textbooks or fiction novels
c. Ice-cream or chocolate ice-cream’
d. Train ride during the next 6 months or train rides during the next 5 years
Answers
Answer:
A. Coca- cola would have a more elastic demand due to the fact that water is an essential commodity and an individual have to consume water no matter what the price of it is.
B. Fictional novels are luxury goods and their demand could be avoided by someone as compared to the textbooks in case of any deficiency of money. Thus, novels would have more elastic demand.
C. The elasticity of ice cream would be more elastic as if a costumer is willing to eat chocolate flavor he or she would not bother about slight changes in price.
D. Elasticity for five years would be high as the consumer will have more options during such time period.
A common law rule that requires that the terms of the offeree’s acceptance adhere exactly to the terms of the offeror’s offer for a valid contract to be formed is called:
1. The Mirror-Image Rule.
2. A Quasi-Contract.
3. Quantum Meruit.
4. An Option Contract
Answers
a. Các khoản tiền phát sinh ở cuối mỗi năm là 680 triệu đồng trong thời kỳ 8 năm với lãi suất 6%/năm, ghép lãi 6 tháng/1lần, tại thời điểm cuối năm thứ 8.
Answers
Explanation:
English plz I don't understand
The president of the retailer Prime Products has just approached the company’s bank with a request for a $30,000, 90-day loan. The purpose of the loan is to assist the company in acquiring inventories. Because the company has had some difficulty in paying off its loans in the past, the loan officer has asked for a cash budget to help determine whether the loan should be made. The following data are available for the months April through June, during which the loan will be used: On April 1, the start of the loan period, the cash balance will be $24,000. Accounts receivable on April 1 will total $140,000, of which $120,000 will be collected during April and $16,000 will be collected during May. The remainder will be uncollectible. Past experience shows that 30% of a month’s sales are collected in the month of sale, 60% in the month following sale, and 8% in the second month following sale. The other 2% is bad debts that are never collected. Budgeted sales and expenses for the three-month period follow: April May June Sales (all on account) $ 300,000 $ 400,000 $ 250,000 Merchandise purchases $ 210,000 $ 160,000 $ 130,000 Payroll $ 20,000 $ 20,000 $ 18,000 Lease payments $ 22,000 $ 22,000 $ 22,000 Advertising $ 60,000 $ 60,000 $ 50,000 Equipment purchases − − $ 65,000 Depreciation $ 15,000 $ 15,000 $ 15,000 Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases during March, which will be paid in April, total $140,000. In preparing the cash budget, assume that the $30,000 loan will be made in April and repaid in June. Interest on the loan will total $1,200. Required: 1. Calculate the expected cash collections for April, May, and June, and for the three months in total. 2. Prepare a cash budget, by month and in total, for the three-month period.
Answers
1. The expected cash collections for April, May, and June are as follows:
April May June Total
Accounts receivable $120,000 $16,000 $136,000
Month of sale (30%) 90,000 120,000 $75,000 285,000
Ffg month (60%) 180,000 240,000 420,000
Second month (8%) 24,000 24,000
Total collections $210,000 $316,000 $339,000 $865,000
2. The Prime Products's Cash Budget is as follows:
April May June Total
Beginning cash balance $24,000 $22,000 $26,000 $24,000
Bank Loan $30,000 $30,000
Total collections $210,000 $316,000 $339,000 $865,000
Total receipts $264,000 $338,000 $365,000 $919,000
Total disbursements $242,000 $312,000 $315,000 $869,000
Bank Loan + Interest Repayment $31,200 $31,200
Ending cash balance $22,000 $26,000 $18,800 $18,800
Data and Calculations:
Requested bank loan = $90,000
Loan period = 90 days
April May June Total
Beginning cash balance $24,000
Accounts receivable $140,000
Budgeted Sales $300,000 $400,000 $250,000 $950,000
Cash Collections:
Accounts receivable $120,000 $16,000 $136,000
Month of sale (30%) 90,000 120,000 $75,000 285,000
Ffg month (60%) 180,000 240,000 420,000
Second month (8%) 24,000 24,000
Total collections $210,000 $316,000 $339,000 $865,000
Merchandise purchases $ 210,000 $ 160,000 $ 130,000
Depreciation $ 15,000 $ 15,000 $ 15,000
Cash Disbursements:
April May June
Payment for purchases $140,000 $210,000 $160,000
Payroll $ 20,000 $ 20,000 $ 18,000
Lease payments $ 22,000 $ 22,000 $ 22,000
Advertising $ 60,000 $ 60,000 $ 50,000
Equipment purchases − − $ 65,000
Total cash disbursements $242,000 $312,000 $315,000
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Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $111,000; Allowance for Uncollectible Accounts = $2,100 (debit). On December 31, 2021, Southwest estimates uncollectible accounts to be 20% of accounts receivable.
Answers
The question is not specified but most probably requires the calculation and recording of the Bad debt expense for the month.
The relevant journal entry is:
Date Account Title Debit Credit
Dec. 31 Bad debt expense $24,300
Allowance for Uncollectible Accounts $24,300
Uncollectible account = 20% of Accounts receivable
= 20% x 111,000
= $22,200
Bad debt expense = Uncollectible accounts + Allowance for Uncollectible Accounts
= 22,200 + 2,100
= $24,300
As an expense, bad debts will be debited to an expense account to show it is increasing. The Allowance account will be credited as a liability account.
Find out more at https://brainly.com/question/15347431.
In a floating exchange rate system, the capital account balance equals the negative of the current account balance. True False
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It is true that the capital account balance equals the negative of the current account balance in the floating exchange rate system,
The floating exchange rate system is a system where currency price on forex market is based on supply and demand of other currencies
So, it is true that capital account balance equals the negative of the current account balance because a deficit on the current account balance is balance by a surplus on financial account.In conclusion, it is true that the capital account balance equals the negative of the current account balance in the floating exchange rate system,
Read more about floating exchange rate system
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colony corporation issued 3000 7% 5-year, $1,000 bonds dated january 1, 2022, at face value. interest is paid each january 1.
Answers
The journal entries for bonds issuance of Colony corporation are:
January 1, 2022
Cash $3,000,000
Bonds Payable $3,000,000
Adjusting journal entry to record interest expense:
December 31, 2022
Interest Expense $210,000
Interest Payable $210,000
Journal entry to record interest paid:
January 1, 2023
Interest Payable $210,000
Cash $210,000
Let's disucss every transaction event
On January 1, 2022 Colony corportaion issued 3,000 bonds with interest rate of 7%, 5-years, and face value of $1,000. Hence the total bond values is:
Total bonds value = Number of Bonds issued x face value
Total bonds value = 3,000 x $1,000
Total bonds value = $3,000,000
Accrued interest expense
When adjusting its financial statements, Colony Corporation should record the interest expense for the year. The interest expense accrued at December 31, 2022 is:
Accrued Interets expense = Total bonds value x Interest rate
Accrued Interest expense = $3,000,000 x 7%
Accured Interest expense = $210,000
Payment of interest expense
On January 1, 2023 Colony corporation should pay the accrued interest expense recorded at December 31, 2022 which is $210,000.
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Complete Question:
Colony Corporation issued 3,000 75 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1.
a. Prepare the journal entry to record the sale of these bonds on January 1, 2022.
b. Prepare the adjusting journal entry on Decembe 31, 2022, to record interest expense.
c. Prepare the journal entry on January 1, 2023, to record interest paid.
Your friend, Caitlyn, does not think it is important to review her monthly credit card statement. Instead, she just sets up an automatic minimum payment on the 18th of each month. Convince Caitlyn that this is a bad idea.
Answers
Answer: This is a bad idea to set up a automatic minimum payment on the 18 of this month because it can be fraud risk, pricing disparities, minimum payment that is terrible. And in a cause to that, she has to pay extra, has to silly small fees, and picking the same day every month but will change due dates.
I will convince Caitlyn that this is a bad idea because the automatic minimum payment might not be favorable because it will create a backlog if repayment are not done as it is suppose to be paid,
The automatic minimum payment in this context means the automatic (standard) repayment plan of the loan borrowed.
Majority of borrowers are placed on the standard repayment plan because it is automatic.
However, the standard repayment plan might not be favorable because it will create a backlog if repayment are not done as it is suppose to be paid,
Read more about repayment plan
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The Company (ROW) produces a line of non-motorized boats. ROW uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for :
Budgeted manufacturing overhead cost $125,000
Budgeted direct manufacturing labor cost $250,000
Actual manufacturing overhead cost $117,000
Actual direct manufacturing labor cost $228,000
Inventory balances on December 31, 2014, were as follows:
Account Ending balance 2014 Direct manufacturing labor cost in ending balance
Work in process $50,700 $20,520
Finished goods 245,050 59,280
Cost of goods sold 549,250 148,200
Required:
1. Calculate the predetermined overhead rate.
2. Compute the amount of under- or overapplied manufacturing overhead.
3. Calculate the ending balances in work in process, finished goods, and cost of goods sold if under- or overapplied manufacturing overhead is as follows:
a. Written off to cost of goods sold
b. Prorated based on ending balances (before proration) in each of the three accounts
Answers
Answer:
See
Explanation:
1. Predeterminer overhead
= Budgeted manufacturing overhead rate / Budgeted direct material labor cost
= 125,000/250,000
= 50%
2. Under or over allocated manufacturing overhead
= Actual manufacturing cost - Allocated manufacturing cost
= $117,000 - (50% × $228,000)
= $117,000 - $114,000
= $3,000
Over allocated manufacturing overhead = $3,000
It therefore means that the manufacturing overhead allocated is higher than the actual manufacturing cost hence it is over allocated.
Can someone please help what’s the answer
Answers
Answer:
$161,000
Explanation:
Snap repair service accepted the seller counteroffer of $161,000. It means that Snap repair service paid the sum of $161,000 to acquire the land. Snap repair should record the value of the land as $161,000.
As per the guidelines of the generally accepted accounting principles, the value to be recorded is the amount paid to acquire the asset.