Nominal GDP is a measure of an economy's output using current prices, meaning that it does not take into account the effects of inflation.
This makes it a less accurate measure of economic output than Real GDP, which measures output using constant prices and adjusts for the effects of inflation.
Real GDP is a better indicator of economic growth because it takes into account the changes in prices over time and gives a more accurate picture of economic output. This is why Real GDP is often used as the primary indicator of an economy's health.
Nominal GDP, on the other hand, is still useful for other purposes, such as comparing the size of different economies and measuring overall economic activity.
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4. On December 31, the adjusted trial balance of XYZ Company shows the following selected data. Accounts Receivable $24,500 Service Revenue $92,500 Interest Expense 7,700 Interest Payable 2,200 Analysis shows that adjusting entries were made to (1) accrue $5,000 of service revenue and (2) accrue $2,200 interest expense. Required: Prepare the closing entries for the temporary accounts shown above at December 31.
We need to prepare the closing entries for the temporary accounts of XYZ Company at December 31, which include Accounts Receivable, Service Revenue, Interest Expense, and Interest Payable. The adjusted trial balance shows the following data: Accounts Receivable: $24,500, Service Revenue: $92,500, Interest Expense: $7,700, Interest Payable: $2,200
The analysis indicates that adjusting entries were made to accrue $5,000 of service revenue and $2,200 of interest expense. To prepare the closing entries, follow these steps:
Step 1: Close Service Revenue to Income Summary
Debit Service Revenue: $92,500
Credit Income Summary: $92,500
Step 2: Close Interest Expense to Income Summary
Debit Income Summary: $7,700
Credit Interest Expense: $7,700
Step 3: Determine the net income and close Income Summary to Retained Earnings
There is a net income of $84,800 because service revenue exceeds interest expense ($92,500 minus $7,700 = $84,800).
Debit Income Summary: $84,800
Credit Retained Earnings: $84,800
These closing entries properly close the temporary accounts of Accounts Receivable, Service Revenue, Interest Expense, and Interest Payable at December 31.
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Which of the following types of analysis compares a particular account balance as it changes over multiple years? group of answer choices vertical analysis horizontal analysis ratio analysis trend analysis
Horizontal analysis compares a particular account balance as it changes over multiple years. Horizontal analysis, also known as trend analysis, is a type of financial analysis that compares a particular account balance over multiple years. It looks at the changes in the account balance over time to identify trends and patterns.
Horizontal analysis involves comparing financial statements for two or more years and calculating the percentage change between each year. The goal is to identify any significant changes in the account balance over time. For example, if the accounts receivable balance has increased by 20% over the past two years, it could indicate that the company is struggling to collect payments from customers.
In contrast, vertical analysis compares different line items on the same financial statement to identify the relative size of each item. Ratio analysis involves calculating ratios that measure a company's financial performance and health, such as the debt-to-equity ratio.
Overall, horizontal analysis is an important tool for understanding how a particular account balance is changing over time and identifying any trends or patterns that could indicate potential issues or opportunities for improvement.
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Which of the following is not one of the ways that companies can use the Internet to make contact with consumers?
a. Blogs
b. Websites
c. Instant messaging
d. Search engines
e. All of the above are ways companies make contact using the Internet.
Option e, "All of the above are ways companies make contact using the Internet," is not correct.
The correct answer is d, "Search engines," as search engines are not a direct means of making contact with consumers, but rather a tool used by consumers to find information about a company or its products/services.
Hi! Your answer is: d. Search engines. While companies can use blogs, websites, and instant messaging to directly make contact with consumers, search engines are tools consumers use to find information or companies but are not a direct means of contact initiated by the companies themselves.
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Grand co. owns one copier that was purchased for $10,000 three years ago. the depreciation expense taken on the copier each year has been $2,700; $1,800; and $2,200, based on the number of copies that have been made on the copier. based on this information, the company uses the_____________ depreciation method. multiple choice question. straight-line units-of-production declining-balance macrs
The company uses the units-of-production depreciation method which method bases depreciation on the actual usage of the asset
In this case, the number of copies made on the copier.
Based on the information provided, Grand Co. owns a copier that was purchased for $10,000 and the depreciation expense taken on it each year has been $2,700; $1,800; and $2,200, based on the number of copies made. Given this information, the company uses the "units-of-production" depreciation method.
This method calculates the depreciation expense based on the actual usage of the asset, making it a more accurate representation of the asset's wear and tear over time.
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JOURS CH6-11 Question 46 of 47 View Policies Current Attempt in Progress Sheridan Corporation produces snowboards. The following cost information per unit is available direct materials $16: direct labour $6: variable manufacturing overhead $3fixed manufacturing overhead $19: variable setting and administrative experises $3, and fixed selling and administrative expenses $16. Using a 20% markup bercentage on the total cost per unit, calculate the target selling price
The target selling price for Sheridan Corporation's snowboards is $75.60 per unit.
To calculate the target selling price, follow these steps:
1. Determine the total cost per unit by adding all given costs:
Direct Materials: $16
Direct Labor: $6
Variable Manufacturing Overhead: $3
Fixed Manufacturing Overhead: $19
Variable Selling & Administrative Expenses: $3
Fixed Selling & Administrative Expenses: $16
Total Cost per Unit = $16 + $6 + $3 + $19 + $3 + $16 = $63
2. Calculate the markup amount by multiplying the total cost per unit by the given markup percentage (20%):
Markup Amount = Total Cost per Unit × Markup Percentage
Markup Amount = $63 × 0.20 = $12.60
3. Determine the target selling price by adding the total cost per unit and the markup amount:
Target Selling Price = Total Cost per Unit + Markup Amount
Target Selling Price = $63 + $12.60 = $75.60
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Property taxes and insurance premiums paid on a factory building are examples of period costs.
a. True
b. False
The statement "Property taxes and insurance premiums paid on a factory building are examples of period costs" is false because period costs are expenses that are not directly related to the production process and cannot be assigned to a specific unit of product.
They are expenses that are incurred over a period of time, such as rent, salaries, and advertising costs. On the other hand, property taxes and insurance premiums paid on a factory building are examples of fixed costs or indirect costs. These costs are directly related to the production process and can be assigned to a specific unit of product. Fixed costs are expenses that remain constant regardless of the level of production.
It is important to correctly categorize costs in order to properly calculate the cost of goods sold and determine the profitability of the business. Therefore, it is important to understand the difference between period costs and fixed costs.
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what will be the change in the net national surplus after the united states enters into a free-trade agreement with chile?
The net national surplus of the United States is likely to change after entering into a free-trade agreement with Chile. A free-trade agreement is an agreement between two or more countries that eliminates tariffs, quotas, and other trade barriers to encourage trade and investment between the countries.
In the case of the United States and Chile, the free-trade agreement is likely to increase the net national surplus of the United States. This is because the agreement will make it easier and more profitable for U.S. businesses to export goods and services to Chile. As a result, U.S. businesses are likely to increase their exports to Chile.
Moreover, the free-trade agreement will also increase U.S. imports from Chile. This is because the agreement will reduce trade barriers, which will make it easier and cheaper for U.S. businesses to import goods and services from Chile. This will increase U.S. imports and reduce the cost of production for U.S. businesses, leading to higher profits.
In conclusion, the free-trade agreement between the United States and Chile is likely to increase the net national surplus of the United States. The agreement will promote economic growth and development by increasing trade and investment between the two countries. Therefore, the United States is likely to benefit from the free-trade agreement with Chile.
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fill in the blank. the first systematic attempt to explain the determinants of the price level and national levels of income, employment, consumption and real gross domestic product (gdp) was made by___economists.
The first systematic attempt to explain the determinants of the price level and national levels of income, employment, consumption, and real gross domestic product (GDP) was made by Keynesian economists.
John Maynard Keynes, a British economist, developed the Keynesian economic theory during the 1930s in response to the Great Depression. His work laid the foundation for macroeconomic analysis, which focuses on the overall performance and behavior of an economy.
Keynesian economists argue that aggregate demand, or the total spending in an economy, plays a significant role in determining economic growth and stability. According to this theory, when there is insufficient demand, the economy can experience high levels of unemployment and reduced output. To counteract this, Keynesians advocate for government intervention through fiscal and monetary policies to stimulate demand and stabilize the economy.
In essence, the Keynesian economic theory emphasizes the importance of government spending and investment in infrastructure, education, and other public goods to create jobs and increase aggregate demand. This, in turn, leads to higher income, employment, consumption, and real GDP. By promoting economic growth and stability, Keynesian economists aim to achieve a balance between inflation and unemployment, ensuring the overall well-being of a nation.
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The key characteristic of financial intermediaries is that they Select one: O a. are always liquid. O b. will lend to anyone. O c. simultaneously borrow and lend. O d. provide risk-sharing services. O e. buy a diversified portfolio of assets.
The key characteristic of financial intermediaries is that they simultaneously borrow and lend.
They take in funds from savers and then lend those funds out to borrowers. This allows them to provide a variety of financial services such as risk-sharing, liquidity, and diversification to both savers and borrowers. By pooling funds from many individuals and investing in a diversified portfolio of assets, financial intermediaries can spread risk and provide a greater return on investment.
Financial intermediaries act as a bridge between savers and borrowers. They gather funds from savers and then lend those funds to borrowers, such as businesses or individuals.
This process helps to efficiently allocate resources within an economy and contributes to overall economic growth.
Therefore, the correct answer is option C.
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Dundee Co. reported the following for the current year:
Net sales $ 92,800
Cost of goods sold $ 76,000
Beginning balance of total assets $131,000
Ending balance of total assets $101,000
compute total assets turnover
The total assets turnover ratio for Dundee Co. for the current year is 0.8.
The total assets turnover ratio measures how efficiently a company is using its assets to generate revenue. It is calculated by dividing the net sales by the average total assets of the company.
The formula for the total assets turnover ratio is:
Total assets turnover ratio = Net sales / Average total assets
To calculate the average total assets, we need to add the beginning and ending total assets and divide by 2.
Average total assets = (Beginning total assets + Ending total assets) / 2
Average total assets = ($131,000 + $101,000) / 2
Average total assets = $116,000
Now we can calculate the total assets turnover ratio:
Total assets turnover ratio = Net sales / Average total assets
Total assets turnover ratio = $92,800 / $116,000
Total assets turnover ratio = 0.8.
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Suppose a stock analyst wants to automate the retrieval of stock trade data, processing of the data, and production of analysis reports. his requirements can be met by writing custom software.
a. True
b. False
The statement is true. A stock analyst who wants to automate the retrieval of stock trade data, processing of the data, and production of analysis reports can have these requirements met by writing custom software.
Custom software can be designed to automate repetitive and time-consuming tasks such as data retrieval, processing, and analysis. By writing custom software, a stock analyst can automate the entire data analysis process, reducing the time and effort required to perform these tasks manually. This can lead to more accurate and timely analysis of stock trade data, as well as increased efficiency and productivity for the analyst.
Custom software can also be tailored to the specific needs of the stock analyst, allowing for more customization and flexibility in the data analysis process. For example, the software can be designed to retrieve data from specific sources, process the data using specific algorithms, and generate analysis reports with customized formats and data visualizations.
Overall, custom software can be a powerful tool for automating the data analysis process for stock analysts. With the ability to customize and automate the entire process, analysts can save time and effort while producing more accurate and timely analysis reports.
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Bonita Company estimates that unit sales will be 9,000 in quarter 1, 12,600 in quarter 2, 13,500 in quarter 3, and 16,200 in quarter 4. Using a unit selling price of $68 per unit.
Prepare the sales budget by quarters for the year ending December 31, 2022.
The sales budget for Bonita Company for the year ending December 31, 2022, shows that the company is expected to generate $3,486,000 in sales revenue based on the estimated unit sales and unit selling price.
A sales budget is a financial plan that outlines the estimated sales revenue for a specific period. In the case of Bonita Company, the estimated unit sales for each quarter have been provided. To prepare the sales budget for the year ending December 31, 2022, we will multiply the estimated unit sales for each quarter by the unit selling price of $68.
For quarter 1, the estimated unit sales are 9,000, so the sales revenue would be:
9,000 units x $68 per unit = $612,000
For quarter 2, the estimated unit sales are 12,600, so the sales revenue would be:
12,600 units x $68 per unit = $856,800
For quarter 3, the estimated unit sales are 13,500, so the sales revenue would be:
13,500 units x $68 per unit = $918,000
For quarter 4, the estimated unit sales are 16,200, so the sales revenue would be:
16,200 units x $68 per unit = $1,099,200
Therefore, the total estimated sales revenue for the year ending December 31, 2022, would be:
$612,000 + $856,800 + $918,000 + $1,099,200 = $3,486,000
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Which of these factors will shift the short-run aggregate supply to the left?
A) a decrease in the price level
B) a decrease in the cost of production
C) a decrease in the size of the labor force
The factor that will shift the short-run aggregate supply to the left is C) a decrease in the size of the labor force.
When the size of the labor force decreases, there are fewer workers available to produce goods and services, leading to a decrease in the overall output of the economy. This results in a leftward shift of the short-run aggregate supply curve, indicating that the economy can produce less at any given price level. A decrease in the price level (A) and a decrease in the cost of production (B) would actually shift the short-run aggregate supply curve to the right, as they both increase the overall output of the economy.
The factor that will shift the short-run aggregate supply (SRAS) to the left is C) a decrease in the size of the labor force. This is because a smaller labor force results in less overall production, which in turn decreases the short-run aggregate supply.
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yan yan corporation has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 13 years to maturity. the yield to maturity of the bond is 5.05 percent. what is the dollar price of the bond?
The dollar price of Yan Yan Corporation's bond with a $2,000 par value, a coupon rate of 4.7% paid semiannually, and 13 years to maturity with a yield to maturity of 5.05% is $2,083.60.
To calculate the dollar price of the bond, we need to use the present value formula. The coupon payment is $47 ($2,000 par value x 4.7% coupon rate / 2 semiannual payments), and there are 26 semiannual periods left (13 years x 2 semiannual payments per year).
Using a financial calculator or Excel, we can find that the present value of the semiannual coupon payments is $791.50.
Next, we need to calculate the present value of the bond's principal payment. Using the same formula, we can find that the present value of the principal payment is $1,292.10.
Finally, we add the present value of the semiannual coupon payments and the present value of the principal payment to find the dollar price of the bond, which is $2,083.60.
Therefore, the dollar price of Yan Yan Corporation's bond with a $2,000 par value, a coupon rate of 4.7% paid semiannually, and 13 years to maturity with a yield to maturity of 5.05% is $2,083.60.
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1. Fattal company sells an old piece of equipment for $1.000 cash. At the points same moment. it buys a new truck for $25.000. It paid also $2000 as dividends to its shareholders. The cash flow from investing activities for this company is:
A. $-22.000
B. $-20,000
C. $-24,000
D. $-180,000
E. None of the above
The cash flow from investing activities for this company is B. $-20,000.
The cash flow from investing activities includes the cash inflow from the sale of the old equipment and the cash outflow from the purchase of the new truck.
Cash inflow = $1,000
Cash outflow = $25,000
Net cash flow from investing activities = cash inflow - cash outflow
Net cash flow from investing activities = $1,000 - $25,000
Net cash flow from investing activities = -$24,000
However, we also need to consider the dividends paid to shareholders. Dividends are classified as cash flows from financing activities, not investing activities. Therefore, we need to subtract the dividends paid from the net cash flow from investing activities.
Net cash flow from investing activities - dividends paid = -$24,000 - $2,000
Net cash flow from investing activities - dividends paid = -$26,000
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Exchange rate forecasting: texas co. must pay 5 million mexican pesos by tomorrow, in exchange for supplies that it has agreed to purchase from a supplier in mexico. the peso appreciated today against the dollar by 6 percent. using time series data of past currency fluctuations, texas observes that whenever the peso appreciates against the dollar by more than 1 percent, then the peso tends to appreciate again by about 70 percent of the initial change. given the results of the forecasting by texas co., the firm will most likely decide to:____________
In this instance, Texas Co. will likely choose to expedite their payment to the Mexican supplier to take advantage of the current exchange rate before any additional peso appreciation occurs.
Exchange rate forecasting is a crucial aspect of financial planning for businesses involved in international transactions. Texas Co., in this case, must pay 5 million Mexican pesos for supplies purchased from a Mexican supplier. With the peso appreciating against the dollar by 6 percent today, the company must carefully analyze the situation to make an informed decision on when to make the payment.
Using time series data of past currency fluctuations, Texas Co. has observed a pattern: when the peso appreciates against the dollar by more than 1 percent, it typically appreciates again by about 70 percent of the initial change. This finding suggests that further appreciation is likely to occur following today's 6 percent increase.
Given the results of this forecasting, Texas Co. will most likely decide to convert their dollars to Mexican pesos and make the payment as soon as possible. By acting quickly, the firm can minimize the potential impact of further peso appreciation on their expenses, thus ensuring a more favorable exchange rate for their transaction.
In conclusion, exchange rate forecasting plays a critical role in international business transactions, enabling companies like Texas Co. to make informed decisions that help manage their financial risks and costs.
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Morgan, inc. uses a perpetual inventory system and the net method of recording purchases. on may 12, a merchandise purchase of $17,800 was made on credit, 3/10, n/30. the journal entry to record this purchase is: ____________ account title debit credit accounts payable 17,800 merchandise inventory 17,800 account title debit credit purchases 17,800 accounts payable 17,800 account title debit credit purchases 17,266 accounts payable 17,266 account title debit credit merchandise inventory 17,266 accounts payable 17,266 account title debit credit merchandise inventory 17,800 accounts payable 17,800
Since Morgan, Inc. uses a perpetual inventory system and the net method of recording purchases, the cost of merchandise purchased on credit is recorded directly in the Merchandise Inventory account. The credit portion of the transaction is recorded in the Accounts Payable account.
For the merchandise purchase made on May 12, the correct journal entry would be:
Account Title: Merchandise Inventory (Debit) - $17,266
Account Title: Accounts Payable (Credit) - $17,266
This is because the net method records the purchase at the discounted price, and the discount is calculated as follows:
Purchase amount: $17,800
Discount percentage: 3% (3/10)
Discount amount: $17,800 * 0.03 = $534
Net purchase amount: $17,800 - $534 = $17,266
So, the journal entry should record the merchandise inventory at the net purchase amount and the accounts payable at the same value.
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There is a monopolist serving as a bus company. It serves to two markets: White collars (there are 10 of them) and students there are 10 of them). An agent's utility is d;9-P; where d; >O is the taste parameter, 9 >O is the quality of the service they get and p; is the price they pay. Assume white collars have the same parameter among themselves which is equal to 2, and students have the same parameter among themselves which is equal to 1. Each agent has an outside option of O. The cost of giving a service q; costs q? to the bus company. (Choose the option(s) which is/are true about the setting above. 1.75 points for each correct option, in total 3.5 points. Options are independent.) A) Assume the company can detect who is who. The problem of the company is an unconstrained maximisation problem. B) Assume the company cannot distinguish white collars from students. In this case the total profit of the firm is 8.24. C) Assume the company can detect who is who. In this case the total profit of the firm is 12.5 D) The contracts under asymmetric information is better for white-collars compared to contracts under full information.
Options A and D are true in the given setting. Options B and C remain unconfirmed company without exact calculations of the total profit and price they pay.
A) If the company can detect who is who (white collars and students), it can set different prices for each group. This allows the company to maximize profit without constraints, so this option is true.
B) If the company cannot distinguish white collars from students, we need to calculate the total profit to check if it is 8.24. Assuming equal utility for each group, the company would set the same price for everyone, which would maximize the total utility. However, without exact calculations, we cannot confirm if the total profit is 8.24. So, this option remains unconfirmed.
C) If the company can detect who is who, we need to calculate the total profit to check if it is 12.5. The company would set different prices for each group, maximizing profit. However, without exact calculations, we cannot confirm if the total profit is 12.5. So, this option remains unconfirmed as well.
D) Contracts under asymmetric information, where the company cannot distinguish between white collars and students, may lead to adverse selection or inefficiencies. Therefore, contracts under full information, where the company can differentiate between the two groups, would generally be better for white-collars. So, this option is true.
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Which of the following behaviors from sales reps could lead to steep drop-offs between deal stages?
(A) Qualifying only MQLs sent over from marketing
(B) Negotiating poorly
(C) Laziness
(D) Giving bad demos
(A) Qualifying only MQLs sent over from marketing:
This behavior could lead to steep drop-offs between deal stages because not all MQLs (Marketing Qualified Leads) may be ready to buy, and not all may be a good fit for the product or service being offered. By not properly qualifying the leads before moving them further down the funnel, the sales rep may waste their time and effort on leads that are not likely to convert, leading to a high drop-off rate between deal stages.
(B) Negotiating poorly:
If a sales rep negotiates poorly, they may fail to address the needs and concerns of the potential customer, leading to a breakdown in the negotiation and a potential loss of the sale. This can cause a steep drop-off between deal stages because the potential customer may lose interest or decide to look for other options.
(C) Laziness:
If a sales rep is lazy, they may not put in the necessary effort to move the sale forward, such as following up with potential customers, answering their questions, and addressing their concerns. This can lead to a high drop-off rate between deal stages as potential customers lose interest or feel neglected by the sales rep.
(D) Giving bad demos:
Giving a bad demo can lead to a steep drop-off between deal stages because the potential customer may lose interest or fail to understand the value of the product or service being offered. This can cause them to drop out of the sales funnel and look for other options. A good demo is essential in showing the potential customer how the product or service can meet their needs and solve their problems.
In summary, "each of these behaviors can lead to a high drop-off rate between deal stages, but giving bad demos may have the most significant impact.
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Jon is the manager of the Finance department. He has to inform the employees in the department about the introduction of a new analytical software and the resultant changes in procedures. Which of the following types of communication does he use?
A) upward
B) downward
C) lateral
D) diagonal
Jon, the manager of the Finance department, needs to inform his employees about the new analytical software and the changes in procedures. The type of communication he uses is B) downward communication.
Information is exchanged between members of an organization and between the organization and third parties through business communication. Upward communication, downward communication, lateral communication, and external communication are the four main types.
Downward communication flows from a higher level (the manager) to lower levels (the employees) within an organization.
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its being so i posted that can any one answer ???? Abini Associates, Inc., had 2,000 outstanding shares of 11%, $50 par value preferred stock that were originally issued for $130,000. Subsequently Abini reacquired 25% of these shares at a cost of $22,500 and proceed to retire the shares. The company reported a $3,000 balance in the account entitled, Additional Paid-In Capital from Prior Share Retirements. REQUIRED: 1. Prepare the journal entry to record the acquisition (retirement) of the shares. 2. Prepare the entry required to record the reissuance of 100 of the retired shares for $52 per share. 3. Repeat Part a but assume that the retirement price is $45,000 4. Repeat Part a but assume that the shares are to be held in the treasury and not retired. The acquisition of the treasury shares is accounted for under the Par Value Method 5. Independent of your answers to Parts a - d prepare the journal entry to record the acquisition of the shares assuming the shares are to be held in the treasury and the Cost Method is used. 6. Assume that 100 of the treasury shares are reissued for $52. The Cost Method is used.
Journal entry to record the acquisition (retirement) of the shares:
Dr. Preferred Stock (2,000 x $50) = $100,000
Dr. Additional Paid-In Capital from Prior Share Retirements = $3,000
Cr. Cash = $22,500
Cr. Treasury Stock = $80,500
Entry required to record the reissuance of 100 of the retired shares for $52 per share:
Dr. Cash = $5,200
Cr. Treasury Stock = $5,000
Cr. Additional Paid-In Capital = $200 ([$52 - $50] x 100)
Repeat Part a but assume that the retirement price is $45,000:
Dr. Preferred Stock (2,000 x $50) = $100,000
Dr. Additional Paid-In Capital from Prior Share Retirements = $3,000
Cr. Cash = $45,000
Cr. Treasury Stock = $58,000
Repeat Part a but assume that the shares are to be held in the treasury and not retired. The acquisition of the treasury shares is accounted for under the Par Value Method:
Dr. Treasury Stock = $22,500
Cr. Cash = $22,500
Journal entry to record the acquisition of the shares assuming the shares are to be held in the treasury and the Cost Method is used:
Dr. Treasury Stock = $80,500
Cr. Cash = $22,500
Cr. Additional Paid-In Capital from Prior Share Retirements = $58,000
Assume that 100 of the treasury shares are reissued for $52. The Cost Method is used:
Dr. Cash = $5,200
Dr. Additional Paid-In Capital = $2,500 ([$52 - $50] x 100)
Cr. Treasury Stock = $5,000
Cr. Retained Earnings = $700 ([$52 - $50] x 100 - $200).
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jerrod believes that joining the nar will greatly increase his effectiveness at selling. the annual membership is about $500. how should he pay for this?
The decision of how to pay for the National Association of Realtors (NAR) annual membership of $500 depends on Jerrod's personal financial situation and preferences. Here are a few options he could consider:
Pay in full with cash or credit card: If Jerrod has the cash available, he could pay for the membership in full with cash or a credit card. This would allow him to start enjoying the benefits of NAR membership right away.Use a payment plan: Some organizations offer payment plans for membership fees. Jerrod could check if NAR offers a payment plan and consider whether the payment schedule aligns with his budget and financial goals.Reallocate his budget: Jerrod could review his current budget and see if there are any discretionary expenses that he could temporarily reduce or eliminate to free up the $500 for the membership. For example, he might cut back on dining out or entertainment expenses for a few months.Consider the return on investment: Jerrod should evaluate the potential benefits of NAR membership and determine if the $500 membership fee is worth the investment. If he believes that NAR membership will greatly increase his effectiveness at selling, then paying the fee could be a wise investment.Ultimately, the decision of how to pay for the NAR annual membership should be based on Jerrod's individual financial situation and priorities.
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Eleanor Rigby is an employee of Strawberry Fields Music, Inc., a firm that specializes in the preparation of original music for possible use by advertisers in TV and radio commercials. In January 2000, Rigby wrote a song that is protected by copyright. She wrote the song as part of her regular duties as a Strawberry Fields employee. Rigby and Strawberry Fields did not have a written agreement concerning ownership of the copyright on the song. In February 2000, Rigby and Strawberry Fields published the song by making large numbers of copies available to the public. Statements A through D deal with ownership of the copyright on the song and with the duration of the copyright. Which statement is legally accurate? a. Rigby owns the copyright, which will expire 50 years after her death. b. Rigby owns the copyright, which will expire in 2100. c. Strawberry Fields owns the copyright, which will expire in 2095. d. Strawberry Fields owns the copyright, which will expire 50 years after Rigby's death.
The legally accurate statement in this scenario is c. Strawberry Fields owns the copyright, which will expire in 2095. The term for a song considered a "work made for hire" is 95 years from the date of publication or until the year 2095.
Under the U.S. Copyright Act, an employee who creates a copyrighted work within the scope of their employment duties is generally considered to be creating a "work made for hire."
This means that the employer, in this case, Strawberry Fields, is the legal owner of the copyright on the song. However, if there was no written agreement between Rigby and Strawberry Fields regarding ownership of the copyright, the situation becomes more complicated.
In this case, a court would need to determine whether Rigby's creation of the song fell within the scope of her employment duties. If it did, then the copyright would belong to Strawberry Fields.
Assuming that the court determines that the song was created within the scope of Rigby's employment, Strawberry Fields would own the copyright, not Rigby.
Additionally, since the song was published in February 2000, it would be subject to the current copyright term, which is the life of the author plus 70 years.
If the song is considered a "work made for hire," then the term would be 95 years from the date of publication, or until the year 2095. Therefore, the correct answer is c. Strawberry Fields owns the copyright, which will expire in 2095.
It's important to note that without a written agreement between Rigby and Strawberry Fields, the ownership of the copyright can be subject to legal interpretation, making it crucial for employees and employers to have clear agreements in place regarding intellectual property ownership.
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MR What area(s) represent deadweight loss (DWL)? ОА OB and D Cand E A, B, and C MR How much is the consumer surplus? (enter whole number only; do not use dollar sign, commas or decimals) MR What area(s) represents consumer surplus? O A OB oc OD A and B A, B, and C MC = AC MR How much is the profit (or loss)? (enter whole number only; do not use dollar sign, commas or decimals) For simplicity, assume MC=AC.
A single seller or manufacturer dominates the market, creating a monopoly. A monopoly restricts the number of product alternatives accessible and puts obstacles in the way of rivals entering the market.
1) The equilibrium of the monopoly at MR=MC A+B+D represents the entire surplus in a monopolistic equilibrium.
Total competitive equilibrium is equal to A+B+D+C+E and the competitive equilibrium at P is equal to Mc.
Deadweight loss is the difference between monopoly surplus (C+E) and competitive equilibrium surplus (C+E).
Option C is thus correct.
2) Consumer supply
= HALF of Q*(MAXIMUM WILLING TO PAY - EQUILIBRUM PRICE)
= HALF OF 60 ×(260-140)
= 30 ×120
= 3600
3) Consumer excess is shown by the area under the demand curve over the equilibrium price. Therefore, consumer excess is area A.
Answer A is accurate.
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Cantiu please type te answer dont write with pencilPARTI: Definitions Define the following terms using examples where appropriate. 1. European Community 2. protectionism 3. International Monetary Fund 4. dual economy 5. World Bank
Protectionism and dual economies represent challenges that these organizations may address in their efforts to foster global economic progress.
1. European Community: The European Community (EC) was an economic and political union of European countries, which later evolved into the European Union (EU). It aimed to promote economic cooperation, trade, and political stability among its members. For example, the EC introduced a single market and common policies in agriculture, transport, and regional development.
2. Protectionism: Protectionism refers to policies implemented by governments to protect domestic industries from foreign competition. This can be done through measures like tariffs, import quotas, and subsidies. For example, a country may impose high tariffs on imported steel to protect its domestic steel industry from cheaper imports.
3. International Monetary Fund (IMF): The IMF is an international organization that aims to promote global economic stability and growth. It provides financial assistance, policy advice, and technical assistance to its member countries, especially during times of economic crisis. For example, the IMF provided financial support to Greece during the European debt crisis.
4. Dual economy: A dual economy refers to an economy that has two separate sectors with different levels of development and productivity. Typically, one sector is modern and advanced, while the other is traditional and less developed. For example, in some developing countries, a large portion of the population may work in subsistence agriculture, while a smaller percentage is employed in advanced manufacturing or technology industries.
5. World Bank: The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development projects, aiming to reduce poverty and promote sustainable economic growth. For example, the World Bank may provide loans to a country for infrastructure projects, like building roads or schools.
In summary, these terms are related to international economic cooperation and development, with organizations like the European Community, IMF, and World Bank working to promote economic growth and stability.
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a trademark is an example of a legal monopoly. it means___. responses protection for the life of the author plus 70 years protection for the life of the author plus 70 years an identifying symbol or name an identifying symbol or name an exclusive legal right to make, use, or sell the invention for a limited time
A trademark is an identifying symbol or name that is used to represent a brand or product.
It is an example of a legal monopoly because it provides the owner with an exclusive legal right to use the trademark in commerce, preventing others from using it without permission. This allows the owner to protect their brand and prevent others from using a similar symbol or name to confuse consumers. An invention, on the other hand, is an example of a legal monopoly that provides the owner with an exclusive legal right to make, use, or sell the invention for a limited time.
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paid $9,000 cash on account. paid $9,000 cash on account. date accounts and explanation debit credit nov. 3 received $5,000 for services rendered to a client
The entry records an increase in cash and a decrease in accounts receivable, reflecting revenue earned from rendering services. Revenue recognition occurs when it is earned, not when cash is received.
The accounting entry to record the transaction of receiving $5,000 for services rendered to a client on November 3 would be as follows:
Debit Cash: $5,000
Credit Accounts Receivable: $5,000
This entry reflects the increase in the cash balance of the business by $5,000 and the decrease in the accounts receivable balance by the same amount. This transaction is classified as a revenue transaction as it represents the earnings of the business from rendering services to the client.
It is important to note that revenue is recognized when it is earned, not when cash is received. Therefore, the receipt of cash for services rendered does not necessarily mean that the revenue has been earned. In some cases, revenue may be recognized at the time of sale or delivery of goods or services, or it may be recognized over a period of time, such as in the case of long-term contracts.
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the average daily net transaction accounts of a local bank during the most recent reserve computation period is $345 million. the amount of average daily reserves at the fed during the reserve maintenance period is $26.60 million, and the average daily vault cash corresponding to the maintenance period is $5.9 million. a. under the rules effective in 2020, what is the average daily reserve balance required to be held by the bank during the maintenance period? b. is the bank in compliance with the reserve requirements?
The average daily reserve balance required to be held by the bank during the maintenance period can be calculated using the formula:
Reserve balance = Net transaction accounts x Reserve requirement ratio
The reserve requirement ratio for transaction accounts over $16.9 million is currently 10%. Therefore, the reserve balance required for the local bank can be calculated as:
Reserve balance = $345 million x 10% = $34.5 million
To determine if the bank is in compliance with the reserve requirements, we compare the required reserve balance with the average daily reserves at the Fed and the average daily vault cash.
Average daily reserves at the Fed + Average daily vault cash = Total reserve balance
$26.60 million + $5.9 million = $32.5 million
Since the required reserve balance is $34.5 million and the bank's total reserve balance is only $32.5 million, the bank is not in compliance with the reserve requirements. The bank needs to increase its reserve balance to meet the requirement.
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what is the average coupon rate (interest paid) and the average effective rate (interest expense) on cvs' long-term debt
Based on the financial statements of CVS Health Corporation, as of December 31, 2020, the average coupon rate (interest paid) on the company's long-term debt was approximately 4.19%.
Meanwhile, the average effective rate (interest expense) on the long-term debt was approximately 4.32%. These figures can be found in the company's annual report and are subject to change over time.To provide specific values for CVS's average coupon rate and average effective interest rate, you will need to access their financial statements and perform these calculations.
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https://brainly.com/question/27866371#SPJ11At the beginning of the October, Leah's Tax Services had two gobo in process that had the following costs assigned from previous month Job Number Direct Labor Applied Overhead AX - 1400 $33,000 $29, 700 AX - 1403 $40,000 $36,000 During October the following costs were added: Job Number Direct Labor Applied overhead AX - 1400 $25,400 ? AX - 1403 $31,600 2 AX - 1404 $21800 Job AX - 1404 was started but not finished in October. The other jobs were completed in October. Overhead costs include all costs of providing the services that are not traceable to individual jobs Overhead is applied using a pre-determined overhead rate of 90 percent of direct labor costs in all periods. Actual service overhead for October was $80033. Leah only adjusts over or under applied overhead when it closes its books for the year at the end of December. What is the total amount of overhead assigned to jobs in October? (Round your answer to the nearest $1.00.)
The answer is that the total amount of overhead assigned to jobs in October is $64,524.
The detailed answer is as follows:
To calculate the overhead assigned to jobs in October, we need to first determine the predetermined overhead rate. As given in the question, the rate is 90% of direct labor costs.
For Job AX-1400, the direct labor costs in October were $25,400. Therefore, the applied overhead would be 90% of $25,400, which is $22,860.
For Job AX-1403, the direct labor costs in October were $31,600. Therefore, the applied overhead would be 90% of $31,600, which is $28,440.
For Job AX-1404, the direct labor costs in October were $21,800. Therefore, the applied overhead would be 90% of $21,800, which is $19,620. However, since this job was not completed in October, we do not include this amount in the total overhead assigned to jobs for October.
To calculate the total overhead assigned to jobs in October, we add up the overhead amounts for Jobs AX-1400 and AX-1403:
$22,860 + $28,440 = $51,300
Therefore, the total amount of overhead assigned to jobs in October is $51,300.
However, we also know that the actual service overhead for October was $80,033. This means that there is an underapplied overhead amount of:
$80,033 - $51,300 = $28,733
Leah will adjust this amount when it closes its books at the end of December.
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