Below are incomplete financial statements for Bulldog, Inc. Required: Calculate the missing amounts. BULLDOG, INC. Income Statement Revenues $ 35,000 Expenses:
Salaries Advertising 5,200
Utilities 3,200 Net income BULLDOG, INC.
Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Beginning balance $ 9,200 $ 6,200 $ 15,400 Issuances 1,200 1,200 Add: Net income Less: Dividends (2,200) (2,200) Ending balance $ 10,400 $ 9,200 $ 19,600 BULLDOG, INC. Balance Sheet Assets Liabilities Cash $ 3,200 Accounts payable Accounts receivable 2,200 Stockholders' Equity Supplies 8,200 Common stock Equipment 9,200 Retained earnings Total assets $ 22,800 Total liabilities and stockholders' equity
Answers
Total liabilities and stockholders’ equity = $22,800, Common stock = $10,400, Retained earnings = $9,200, Accounts payable = $3,200, Net income = $5,200 and Salaries expense = $21,400
Total liabilities and stockholders’ equity
= Total assets
= $22,800
Common stock
= Ending balance of common stock as per statement of stockholders’ equity
= $10,400
Retained earnings
= Ending balance of retained earnings as per statement of stockholders’ equity
= $9,200
Accounts payable
= Total liabilities and stockholders’ equity – Total stockholders’ equity
= $22,800 - $19,600
= $3,200
Net income
= Ending balance of retained earnings + Dividends – Beginning balance of retained earnings
= $9,200 + $2,200 - $6,200
= $5,200
Salaries expense
= Revenues – Advertising – Utilities – Net income
= $35,000 - $5,200 - $3,200 - $5,200
= $21,400
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Related Questions
Imagine that In-N-Out starts selling animal-style burgers in Westwood and Santa Monica. Assume that animal-style burgers are differentiated enough from other burgers that we can approximate In-N-Out as a monopolist in these markets. Let qW and qSM be the quantities of burgers sold in Westwood and Santa Monica, respectively. The inverse demand for burgers in each location is pW (qW )=9−1/3qW and pSM (qSM )=12−1/2qSM. All animal-style burgers are produced in the same factory (before being shipped to different In-N-Out locations), with decreasing returns to scale. The total cost function for In-N-Out is C(q W,qSM)= (qW+qSM)^2. Assuming In-N-Out maximizes profits, what is the optimal quantity of burgers sold in Westwood? (a) qW=4 (b) qW=3 (c)qW=2 (d) qW=1 (e) q W=3/4
Answers
Burgers sold in Westwood at the right rate. Answer: (b) qW=3, the optimal quantity of burgers sold in Westwood is qW = 3.
What is the optimal quantity of burgers sold in Westwood?
To determine the optimal quantity of burgers sold in Westwood, we need to maximize In-N-Out's profits by setting the marginal revenue equal to the marginal cost. In this case, the marginal cost is equal to 2(qW+qSM).
We can start by setting up the profit equation:
π = pW(qW)qW + pSM(qSM)qSM - C(qW, qSM)
We can substitute the inverse demand equations and cost function into the equation:
π = (9 - 1/3qW)qW + (12 - 1/2qSM)qSM - (qW+qSM)^2
Next, we need to take the partial derivatives of π with respect to qW and qSM and set them equal to zero:
∂π/∂qW = 9 - 1/3qW - 2(qW + qSM) = 0
∂π/∂qSM = 12 - 1/2qSM - 2(qW + qSM) = 0
Solving for qW and qSM, we get qW = 3 and qSM = 3.
Therefore, the optimal quantity of burgers sold in Westwood is qW = 3.
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under finra rules, maximum underwriter's compensation for selling direct participation programs is generally limited to: a 5% b 8 1/2% c 10% d 20%
Answers
In limited partnership offers, underwriters are often only permitted to take a maximum spread of 10% of the purchase price, which is fair and reasonable.
Who or what does FINRA represent?Tool Menu for FINRA
FINRA, or the Financial Industry Regulatory Authority, is a non-profit organization that the government has approved to regulate broker-dealers in the United States in order to safeguard investors and maintain market integrity. We make an effort each and every day to guarantee that everyone can engage in the market with assurance.
FINRA is managed by who?Together with the New York Stock Exchange's member regulatory, enforcement, and arbitration functions (NASD). The U.S. Securities and Exchange Commission is the federal organization that has final say over how the country's securities market, including FINRA, is governed (SEC).
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A group of friends are deciding what to do on a Friday night. Their options are to go dancing, watch a movie, or quietly read a book. Nobody wants to read a book. Everyone hates dancing except for Clyde. Of the choices below, which are you certain would not be a sensible choice for the group. A. Movie. B. Read a book. C. Dancing.
D. All of the above.
Answers
Answer:A
Explanation:
aaaaaaa
Answer:
Explanation:
A. movie
Which of the following was not a characteristic of American cities in the early nineteenth century?A. Populations in urban places of more than 2,500 residents grew much more slowly than the national average population growth.B. The gap between richer and poorer inhabitants in Northeastern cities widened.C. Urban growth brought increasing congestion together with serious problems of public health and safety.D. Cities remained small enough that residents could stroll from one side of town to the other.
Answers
Correct option is A.
Populations in urban places of more than 2,500 residents grew much more slowly than the national average population growth.
For a variety of causes, urbanization accelerated in the United States throughout the second part of the nineteenth century. The time's new technology spurred an enormous increase in manufacturing, necessitating a vast workforce. Modern electric lighting and robust machinery enabled manufacturers to operate seven days a week, 24 hours a day. Workers had to reside near to the plants since they were required to work rigorous twelve-hour hours.
Many Americans were eager to leave behind the failing prospects of preindustrial agriculture in the hopes of earning more money working in the industrial sector, despite the fact that the work was hazardous and tough. A fresh wave of immigrants from central, eastern, and southern Europe also arrived as a result of issues like as starvation and religious persecution, many of whom were women and children.
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Protects whistleblowers by requiring all public corporations to allow employee concerns about accounting and auditing to be submitted confidentially and anonymously
Answers
The Sarbanes-Oxley Act protects whistleblowers by requiring all public corporations to allow employee concerns about accounting and auditing to be submitted confidentially and anonymously.
What in ethics is whistleblowing?
Calling attention to misconduct that is taking place within an organization is referred to as whistle blowing. Reporting misconduct or a legal infraction to the appropriate authorities is one of four ways to raise an alarm, according to the Government Accountability Project. a supervisor, a helpline, or an Inspector General.
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A trial balance is a(n) (list/balance/chart) (1) of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of (2) account balances. Use one word for each blank.
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A trial balance is a(n) (list/balance/chart) List of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of credit account balances.
A trial balance is a list of all the accounts and their balances in a company's general ledger at a specific point in time. It is used to ensure that the total of all debits equals the total of all credits in the ledger.
This provides an indication of the accuracy of the general ledger and helps to identify any errors. The trial balance is used to prepare financial statements such as the balance sheet and income statement. It is also used to create adjusting entries at the end of an accounting period.
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Outer space offers a new perspective for measuring economic growth, according to new research by three Brown University economists. In a National Bureau of Economic Research working paper, J. Vernon Henderson, Adam Storeygard, and David N. Weil suggest a new framework for estimating a country or regions gross domestic product (GDP) by using satellite images of the areas nighttime lights. Reliable data on economic growth is hard to come by in many parts of the world--particularly in sub-Saharan Africa and other developing countries--and the data is often not calculated at all for cities. The authors cite the Penn World Tables, one of the standard compilations of data on income, which rank countries with grades A through D by the quality of their GDP and price data. While almost all industrialized countries receive a grade of A, nearly all sub-Saharan African countries get a grade of C or D, which is interpreted as roughly 30 or 40 percent margin of error. Several countries do not appear in the table, including Iraq, Myanmar, Somalia, and Liberia. To improve these estimates, Henderson, Storeygard, and Weil suggest combining measured income data with the changes observed in a country's "night lights as seen from outer space. Using U.S. Air Force weather satellite picture composites, they look at changes in a region's light density over a 10-year period. Consumption of nearly all goods in the evening requires lights," they write. "As income rises, so does light usage per person, in both consumption activities and many investment activities." When the researchers applied the new methodology to countries with low-quality national income data, the new estimates were significantly different. For example, in the Democratic Republic of Congo, lights suggest a 2.4-percent annual growth rate in GDP, while official estimates suggest a negative 2.6-percent growth over the same time period. The Congo appears to be growing faster than official estimates suggest. At the other end, Myanmar has an official growth rate of 8.6 percent a year, but the lights data imply only a 3.4-percent annual growth rate. Henderson, Storeygard, and Weil say they don't envision the lights density data as a replacement for official numbers, but when added to existing data from agencies like the World Bank, the lights density can provide a better indicator of how these economies really are performing. "Our hope is that people start using this, either when they don't have actual data on economic growth ... or when the numbers are pretty bad," said Henderson, professor of economics. "This is just a way to get better estimates."\
Q: According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
According to the aforementioned information's night-light data method, the traditional spending approach's economic growth rate is 0.27%.
The calculation of the EU emergency trust fund as a proportion of sub-Saharan GDP is presented below, taking into account the current situation:
The GDP of the Democratic Republic of the Congo is
The official growth rate for Myanmar is (Amount of Plans % Annual Growth Rate in GDP) 100 = (2.4 % 8.6 %) 100 = 0.12%.
We therefore used the aforementioned formula to determine the Democratic Republic of Congo's GDP percentage, and Myanmar's official growth rate is 0.12%.
The difference between the most recent year's real GDP and the year before can be used to compute real GDP. Next, divide this discrepancy.
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Anita wants to recommend that her company cafeteria should find a new food service provider that serves healthier food with an emphasis on products from local farms and food purveyors. She plans to initiate this discussion with an email. Create an outline that Anita could use to write this email.
Answers
The email would include the following outlines:
1. New meal service provider.
2. Emphasize wholesome food.
3. Healthier foods produced by regional farmers and food producers.
What is an outline in email writing?An outline is a planning tool you use to keep track of all the subjects and ideas you intend to include in a written article.
Any type of writing, from research papers to creative writing, benefits greatly from knowing how to create an outline.
They can offer comments on the concepts you are covering to make sure you haven't omitted anything or understated the significance of any ideas.
When you eventually begin writing, your documents will have a better structure thanks to this type of feedback.
So, the outlines for the e-mail would be:
1. New food service provider.
2. Focus on healthier food.
3. Healthier products from local farms and food purveyors.
Therefore, the email would include the following outlines:
1. New meal service provider.
2. Emphasize wholesome food.
3. Healthier foods produced by regional farmers and food producers.
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Assume Muc and Mud represent the marginal utility that a consumer gets from products and D, the respective prices of which are P and Pd. The consumer will increase his total utility from a specific money outlay by spending more on C and less on D if initially: a. MUd < MUc
b. MUc/Pc < MUd/Pd c. MUc/Pc > MUd/Pd d. MUc
Answers
Choice (c), Assume that P and Pd, the related prices of the products and D, reflect these values and that Muc and Mud indicate the consumer's marginal utility. By spending more on C and less on D, the client will enhance the overall utility he receives from the a given financial outlay, MUc / Pc > MUd / Pd.
By marginal utility, what do you mean?In economics, the phrase marginal utility is used to refer to the extra pleasure or benefit (utility) that a client receives by purchasing an extra unit of a good or service.
Utility in economics refers to the advantage or pleasure received by utilizing a good. The amount of pleasure or satisfaction customers gain or lose as a result of increasing or decreasing their consumption by one unit is referred to as the marginal utility of a good or service. There are three main kinds of marginal utility.
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A company purchases a delivery van by paying 5,000 cash and signing a 25,000 note payable. Which of the following correctly describes the recording of the delivery van purchase? a. the delivery van purchase is debited for 25,000
b. Notes payable is debited for 25,000
c. The delivery van account is debited for 30,000
d. cash is debited for 5,000
Answers
Option (C), This accurately reflects the documentation of the delivery vehicle purchase: "The delivery van account is debited for $30,000."
A payable note—is that a debt?Long-term debts known as notes payable show the amount due by the business to its financiers, comprising banks and other financial institutions as well as alternatives funding sources like friends and family. They are characterized as long-term debt because they are due after one year, though frequently within five years.
Notes payable is the term used to describe debt or other borrowing on the balance sheet. They frequently last longer than a year. They appear on the balance sheet as a liability, similar to accounts payable.
Obtaining a loan from a bank, purchasing a home, and purchasing a commercial vehicle are examples of notes payable. Notes payable may well be referred to as either short-term obligation (lt;1 year) or even a long-term liability (lt;1+ year), depending on when the loan comes due.
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Revenue is recognized at the time of sale, which is when:-The cash payment from the buyer to seller is made-A discount has been provided for prompt payment-Title passes to the buyer, or when the services are performed-The cash payment from the seller to buyer is made
Answers
Revenue is recognized when it is realized or realizable and earned (typically when goods are transferred or services are rendered), regardless of when cash is received.
What is revenue?Revenue refers to income generated by business operations, whereas profit refers to net income after expenses are deducted from earnings. Sales, income from fees, and income generated by property are all examples of revenue.
Revenue refers to the total earnings generated by a company through its core operations, such as product or service sales, property rents, recurring payments, interest on borrowings, and so on.
According to the revenue recognition principle, revenue is recognized when a product or service is delivered to a customer.
1. record revenue as it is earned
2. The proceeds do not have to be in cash.
3. Calculate revenue based on cash received plus the cash value of items received.
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Which one of the following is a source of cash?
a. acquisition of debt
b. purchase of inventory
c. granting credit to a customer
d. payment to a supplier
e. repurchase of common stock
Answers
Answer: d. Payment to a supplier
Explanation:
Option "a" is an acquisition of debt, which is not a source of cash.
Option "b" is purchase of inventory, which is not a source of cash, but uses cash.
Option "c" is granting credit to a customer, which is not a source of cash, but uses cash.
Option "e" is repurchase of common stock, which is not a source of cash, but uses cash.
Option "d" is payment to a supplier, which is a source of cash.
Illustrate graphically how each of the following events will impact the demand for cups of coffee and explain why demand changes.
a. Average hourly wages increase in the United States.
b. The state of California requires all coffee houses to post warnings to consumers of the cancer-causing components of coffee.
c. Coffee houses increas
Answers
Price, wealth, and taste are all elements that impact a good's demand. Changes in these parameters can induce movements in the demand curve, causing demand to rise or fall.
a. The average hourly pay in the United States rises: This is expected to raise demand for coffee. People with greater disposable income are more inclined to spend money on non-essentials such as coffee. As a result, consumers are more inclined to buy more cups of coffee, leading to an increase in demand.
b. The state of California forces all coffee shops to post warnings to customers about the cancer-causing components in coffee: this event is expected to reduce coffee demand. As people become more aware of the possible health hazards linked with coffee use, some may opt to limit or discontinue their consumption. As a result, the demand for coffee is likely to decrease.
c. Coffee houses increase prices: This event will likely lead to a decrease in the demand for coffee. When the price of coffee increases, some consumers may choose to switch to cheaper alternatives or reduce their consumption of coffee. This will lead to a decrease in the demand for coffee.
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The _____ activities section of the statement of cash flows indicates how well a company is able to generate cash through its normal business activities and management of working capital.
Answers
In order to support operations and competitiveness, investors routinely monitor capital expenditures made for a company's physical assets' maintenance and expansion.
The cash flows from the operating activities portion of the statement of cash flows contain the cash flows related to typical business operations. Cash flows are produced through selling securities, businesses, and other assets. In order to support operations and competitiveness, investors routinely monitor capital expenditures made for a company's physical assets' maintenance and expansion. Investors may therefore see how a company is investing in itself. The cash flow from investments section of the cash flow statement is where investment gains and losses are displayed. The final section summarizes how much money was borrowed and spent.
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which of the following are common financial ratios executives use to monitor business success of strategic initiatives?
Answers
These are the following common financial ratios that executives use to monitor the business success of strategic initiatives:
Internal rate of returnReturn on investment Break-even analysisPayback methodWhat are the financial ratios?This method consists of determining the relationships between the different items of the financial statements, so that through a correct interpretation, you can obtain information about the previous performance of the company and its financial position for the near future.
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classify the following topics as relating to microeconomics or macroeconomics. topic microeconomics macroeconomics the effect of government regulations on auto emissions a firm's decision about how many workers to hire the impact of higher national saving on economic growth the relationship between the inflation rate and changes in the quantity of money a family's decision about how much income to save
Answers
The answer is, The topics related to microeconomics are: family's decision to save, The impact of government regulations on auto emissions and The firm's decision to hire workers.
The topics related to macroeconomics are: The effect of national savings on economic growth and The inflation rate and the quantity of money.
What does economics fundamentally mean?Economics is the study of scarcity and its effects on the use of resources, the production of products and services, the growth of production and welfare through time, and a wide range of other complicated issues of essential significance to society.
What qualities distinguish good economics?A successful economist must be able to apply economic theory to produce forecasts and hypotheses, analyze data to statistically answer questions, and effectively communicate findings to a broad (non-economist) audience. These three abilities are crucial to the profession.
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Simpson's Lawn Services decides to offer two free mowing services for all customers who booked garden landscaping in the fall. By doing this, which of the following forces is Simpson's addressing?
A) the control exercised by Acme Corp. who supplies Simpson with lawn mowers
B) the power held by the landlord of the Simpson office space
C) the threat posed by Roger's Landscapes, a new competitor
D) the bargaining power of the City Football Club who are their customers
Answers
The concept is Porter's five forces analysis, help to identify where power lies in a business situation. The answer is option, C.
The threat posed by Roger's Landscapes, is that of a new competitor. Porter's five forces help identify where the strengths lie in a business situation.
This is useful for understanding both the strength of an organization's current competitive position and the strength of a position that the organization could aspire to.
Threat of New Competitors: When new competitors enter an industry offering the same products or services, the company's competitive position is threatened. Thus, the threat of new businesses relates to the ability of new businesses to enter the industry.
Competitive threats can range from disrupting the supply chain to creating new businesses. If the competitor you are analyzing offers something similar to your product or offering, these threats may be similar to yours.
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Which 3 components below are included in the Marketing Strategy Framework from the HBP reading (and is a primary focus of this lesson)? (note: you must select all 3 correct answers)? A. 4ps
B.PAB
C.A&A
D.STP
E.5C
Answers
Target market identification, budget allocation, and outcome evaluation are all parts of an advertising plan.
An advertising strategy is one that businesses employ to: entice and keep customers. The firm must specify its target market, the required spending amount, and the communication channels on which its advertising will appear in order to accomplish this. To understand how advertising has affected audiences and produced desired effects, it is also crucial to track and assess advertising results. Any marketing strategy must start with its core goals, which are part of the 7c framework for online marketing. A company's limited resources can be concentrated on the best possibilities to boost sales and gain a lasting competitive advantage through the use of a marketing plan.
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The following information relates to the number of common shares of a corporation: 100,000 authorized shares, 20,000 unissued shares, and 7,000 treasury shares
calculate the number of outstanding shares from the information given
Answers
Outstanding shares = Authorized shares - Unissued shares - Treasury shares
Outstanding shares = 100,000 - 20,000 - 7,000
Outstanding shares = 73,000
So there are 73,000 outstanding shares.
Ethical Situation: What Would You Do?
On a sales call on one of your company's best customers, the purchasing agent smilingly tells your salesperson: "I had a special arrangement with the salesperson who used to call on me from your company. Every time I placed an order, the sales manager arranged a special gift for me. Are you going to continue that policy?"
Answers
Answer:
It would be ethical to report the purchasing agent's comment to the appropriate person within the company, such as the sales manager or compliance officer. This is because it appears that the purchasing agent may be expecting or implying that a bribe or kickback will be provided in exchange for placing orders with the company, which is illegal and unethical.
Another option would be to decline to continue the previous salesperson's practice and to make it clear that the company does not engage in such behavior. Additionally, it would be appropriate to clarify company's code of conduct and ethical policies.
It is important to note that the company has an obligation to ensure that all employees and business partners follow laws and ethical standards. And, any action that could be interpreted as illegal or unethical behavior should be avoided and reported to the appropriate person.
You have $2,500 to deposit into a savings account. The five banks in your area offer the following rates. In which bank should you deposit your savings
Answers
Answer:
Meh why did you not show us the rates? How are we supposed to know. Anyway you should deposit it in the one with the highest rate
Explanation:
The more the interest rate, the more you will benefit because it represents an additional cash that you're receiving on your savings.
A bank should you deposit your savings in Bank B: 3.69%, compounded monthly. The correct option is (5).
What do you mean by Saving account?Savings accounts are deposit accounts with fewer transaction restrictions than current accounts, which are used for daily transactions.
There are numerous types of savings accounts, but the deposit account, money market account, and certificate of deposit are the three most popular.
Every one of them begins with the same fundamental premise: deposit money with a bank, and in exchange, the money will earn interest.
Therefore, in Bank B: 3.69%, compounded monthly, the bank should you deposit your savings.
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This is an incomplete question, the complete question is:
You have $2,500 to deposit into a savings account. The five banks in your area offer the following rates. In which bank should you deposit your savings?
0 Bank C: 3.70% compounded semi-annually.
O Bank E: 3.65% compounded quarterly.
O Bank D: 3.67% compounded continuously.
O Bank A: 3.75%, compounded annually.
O Bank B: 3.69%, compounded monthly.
Mill Co. reported pretax income of $152,500 for the year ended December 31. During the year-end audit, the external auditors discovered the following errors:
Ending inventory
$30,000 overstated
Depreciation expense
$64,000 understated
What amount should Mill report as the correct pretax income for the year ended December 31?
A.$58,500
B.$118,500
C.$186,500
D.$246,500
Answers
According to the given statement, Mill should report $118,500 as the right pretax income for the year ending December 31. Option (B) is correct in this regard.
What is a pretax income?Pretax earnings are the money that remains for a business after all operating costs, such as interest and depreciation, have been reduced from total sales revenue, but before taxes have been taken out. Pretax earnings give information about a company's financial health before taxes.
Is pretax income same as gross?Before taxes, benefits, as well as other paycheck deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often know as take-home pay, is the amount which is left after all withholdings have already been taken into consideration.
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Suppose the United States and Australia were the only two countries in the world, and that both countries pursued a floating exchange rate regime. Note that the currency in Australia is the Australian dollar. a. Draw a correctly labeled graph showing equilibrium in the foreign exchange market for U.S. dollars. b. If the Federal Reserve pursues expansionary monetary policy, what will happen to the U.S. interest rate and international capital flows? Explain. c. On your graph of the foreign exchange market, illustrate the effect of the Fed's policy on the supply of U.S. dollars, the demand for U.S. dollars, and the equilibrium exchange rate. d. How does the Fed's monetary policy affect U.S. aggregate demand? Explain.
Answers
a. In the foreign exchange market, the equilibrium is determined by the intersection of the supply and demand for a currency. The equilibrium exchange rate is the rate at which the supply and demand for U.S. dollars are equal.
b. This increase in the supply of U.S. dollars will lower the U.S. interest rate.
c. The effect of the Fed's monetary policy on the foreign exchange market can be illustrated by an increase in the supply of U.S. dollars and a rightward shift of the supply curve.
d. This increase in aggregate demand will drive up economic growth and help to boost employment and income levels in the U.S. economy.
The Foreign exchange market, also known as the Forex market, is the largest financial market in the world. It operates 24 hours a day and five days a week, making it a highly liquid market. The Forex market is a decentralized market, meaning there is no central exchange where all transactions take place. Instead, transactions occur through a network of banks, brokers, and financial institutions around the world. The Forex market is used for the trading of currencies, and the value of a currency is determined by its demand and supply.
Participants in the Forex market include central banks, commercial banks, hedge funds, corporations, and individual investors. The Forex market is highly volatile, with currency values constantly fluctuating due to global economic events, geopolitical events, and other market-moving news. Due to its size and liquidity, the Forex market offers a vast array of opportunities for trading and investment.
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A tax watchdog group is interested in ensuring that the city does not spend more than the amount of resources it receives in the current fiscal year. The watchdog group is primarily interested in
O Fiscal accountability.
O Social accountability.
O Political accountability.
O Operational accountability.
Answers
The watchdog group is primarily interested in d)Operational accountability.
Operational accountability refers to ensuring that an organization's resources are being used efficiently and effectively to achieve its goals. In this case, the tax watchdog group is primarily concerned with ensuring that the city does not overspend its resources, indicating that they are focused on operational accountability.
This type of accountability involves evaluating and reporting on the day-to-day operations of the organization, such as budgeting and spending, to ensure that they are aligned with its goals and are being managed effectively.
By focusing on operational accountability, the tax watchdog group can help ensure that the city's resources are being used effectively and efficiently to serve the needs of its citizens.
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cersei is planning to sell her house, and she is considering making two upgrades to the house before listing it for sale. replacing the carpeting will cost her $2,500 and replacing the roof will cost her $9,000. cersei expects the new carpeting to increase the value of her house by $3,000 and the new roof to increase the value of her house by $7,000. a. She should make both improvements to her house.
b. She should replace the carpeting but not replace the roof.
c. She should replace the roof but not replace the carpeting.
d. She should not make either improvement to her house.
Answers
Option A is correct. She should make both improvements to her house if the expected increase in the value of the house is greater than the cost of both improvements.
What is selling of house?Selling a home is a difficult process that calls for careful preparation and knowledge of the real estate market. Here are some essential actions in selling a house:
1. Establish the market worth: It's crucial to ascertain the market value of your home before putting it on the market for sale. Obtaining a professional appraisal or comparing your property to recently sold comparable properties in your neighborhood are two ways to achieve this.
2. Making the necessary repairs and improvements to your home will assist to boost its value and draw in more prospective purchasers. This can involve repairing any damage, painting the house, and doing general upkeep.
3. List your home for sale once the market value has been established and any required repairs have been completed. You can reach potential buyers directly, through an online platform, or through a real estate agent.
4. Show the property: After it has been listed, it is crucial to take prospective buyers to see your house. Open houses, personal showings, and virtual tours can all be considered here.
5. Obtain offers: After viewing your house, prospective buyers will present their bids. Before deciding, you will have the chance to examine and haggle over the terms of the offers.
In this case, the expected increase in the value of the house is $3,000 + $7,000 = $10,000 and the cost of both improvements is $2,500 + $9,000 = $11,500, so the expected increase in the value of the house is less than the cost of both improvements.
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Suppose a state legislature approves an education plan for the next year that budgets $35 million for boys’ athletics and $25 million for girls’ athletics. Legislators explain the difference by saying, "In our experience, boys simply care more about sports than girls do." The new plan is (a) Valid. (b) Void. (c) Permissible, based on the legislators’ statutory research. (d) Permissible, but probably unwise. (e) Subject to the Takings Clause.
Answers
Based on the statement above, the new plan is (D) permissible, but probably unwise. It is because state legislature does not provide justice between boys’ athletics and girls’ athletics in the education plan for the next year.
An Educational Plan generally can be defined as custom to you and includes prior coursework, credits you might have earned at another college, and helps you make sure you're in the right program of study or major to meet your goals. In determining the budget for education, legislative officials must provide justice regardless of anything, be it gender, ethnicity, religion, age, or other matters.
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information systems have impact on financial results. using figure 1-8 as a guide, which system is most likely to impact the following line items on an income statement? the systems to consider are enterprise systems, supply chain systems, and customer relationship management systems.
Answers
1) Customer relationship management system 2) Supply chain management/ system. 3) Enterprise system 4) Supply chain system
Revenue system is considered to Customer relationship management system. Because it enables to retain existing customers and also attract new customers for higher income, revenue and growth.
Cost of goods sold is considered to Supply chain management/ system. Because it enables effective management of inventory that result in lower cost and smooth operation of business.
Sales, General and Adm. exp. is considered to Enterprise system. As it enables efficient operation and lower support cost process included in sales revenue, gen. Adm. exp.
Interest exp. should be considered to Supply chain system. As it enables to maintain less inventory without any shortage, that results less inventory and lower interest exp.
Net income is considered to all (enterprise, supply chain, and Customer relationship. Because net income is influenced by all system rather than one. It can be improved by effective enterprise, supply chain as well as customer relationship management all together.
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uppose the government declares that a gallon of milk MUST cost $10. As a result of this new decree: et ered As out of a neither the demand curve nor the supply curve for milk will shift b. both the demand curve and the supply curve for milk will shift. e c. the demand curve for milk will shift, but the supply curve will not d. the supply curve for milk will shift, but the demand curve will not. Ing stion
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The quantity supplied of milk exceeds the quantity demanded. The supply curve for milk will shift, but the demand curve will not.
What is a supply curve?The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.
For products with more elastic supply, the supply curve is shallower; for products with less elastic supply, the supply curve is steeper (closer to vertical).
The two main tenets of the law of supply and demand are the supply curve and the demand curve.
According to the economics principle known as the law of supply and demand, the price of an item will eventually balance out depending on how much there is of that good available and how much demand there is for it.
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With some algebra and assumptions, the variance of an N-asset portfolio can be written as:
σP2=σ2N+N−1NCov
where σ2 is the average variance of stocks in the portfolio and Cov is the average covariance between each pair of stocks in the portfolio. Based on this result, which of the following will happen in a sufficiently well-diversified portfolio?
Group of answer choices
Systematic risk converges to Cov
Firm-specific risk converges to 1
Firm-specific risk converges to σ2
Total risk converges to 0
Answers
With some algebra and assumptions, the variance of an N-asset portfolio can be written as:
σP2=σ2N+N−1NCov
The following will happen in a sufficiently well-diversified portfolio: Firm-specific risk converges to σ2.Thus option (c) is correct.
What is variance?The variance is a measurement of the spread between numbers in a data set. It measures the degree of dispersion of data around the sample's mean.
Investors use variance to see how much risk an investment carries and whether it will be profitable. Variance is also used in finance to compare the relative performance of each asset in a portfolio to achieve the best asset allocation.
The square root of the variance is the standard deviation.
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alice invests $4, 100.00. her investment grows according to compound interest at an annual effective rate of 6% for t years at which time it has accumulated to $8, 000. find t.
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Alice invests $4, 100 her investment grows according to compound interest at an annual effective rate of 6% for 11 years(approximately) at which time it has accumulated to $8, 000. The answer is 11 years.
To evaluate this, the formula of compound interest has to be used which is:
[tex]A=P(1+\frac{r}{n} )^{nt}[/tex], where:
A = Final balance after compounding.
P = Principal amount to begin with.
r = The rate of interest compounded.
n = The cycles of compounding the principal amount of investment.
t = The number of time periods passed.
After substituting the respective values from the question into the given formula the equation is :
[tex]8000=4100(1+\frac{0.06}{1} )^{1*t}[/tex]
[tex]\implies \frac{8000}{4100}=(1.06 )^{t}[/tex]
[tex]\implies 1.951=(1.06)^{t}[/tex]
t=11(approximately)
The answer is 11 years.
Compound interest, also known as interest on principal and interest, would be the practice of compounding interest to the principal value of a loan or deposit.
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