The selected transactions for Howell Landscaping Ltd are as follows: (a) Direct materials requisitioned for jobs amounting to $11,270, (b) Rent for a storage property recorded as payable, totaling $12,500, and (c) the difference between actual overhead ($74,100) and applied overhead ($76,800) is closed off to the income statement. The company uses job costing. The journal entries for these transactions will be prepared.
To record the transactions in the company's accounting records, the following journal entries are required:
(a) Direct materials requisitioned for jobs:
Inventory (Direct materials) $11,270
Accounts Payable $11,270
This entry debits the Inventory account for the value of direct materials requisitioned and credits the Accounts Payable account as the materials are recorded as payable.
(b) Rent on the storage property:
Rent Expense $12,500
Accounts Payable $12,500
This entry debits the Rent Expense account to recognize the expense incurred for renting the storage property and credits the Accounts Payable account to record the liability for the rent payable.
(c) Difference between actual and applied overhead:
Income Statement $2,700
Overhead Applied $2,700
This entry debits the Income Statement account to close off the difference between actual overhead and applied overhead as an expense. It credits the Overhead Applied account to remove the applied overhead from the accounts, ensuring that it does not remain as part of the inventory cost.
These journal entries accurately record the selected transactions in Howell Landscaping Ltd's accounting system.
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Which of the following are ways that a firm can reduce cash flows in order to prevent managers from wastefully spending excess cash flows? Check all that apply.
A) Funneling excess cash flows back to shareholders through higher dividends
B) Minimizing the amount of debt in the firm’s capital structure so that the firm can borrow money at a reasonable rate when good investment opportunities arise
C) Funneling excess cash flows back to shareholders through stock repurchases
D) Increasing the amount of debt in the firm’s target capital structure in the hope that higher debt-service requirements will force managers to be more disciplined
There are two ways that a firm can reduce cash flows in order to prevent managers from wastefully spending excess cash flows. The correct options are A) Funneling excess cash flows back to shareholders through higher dividends and C) Funneling excess cash flows back to shareholders through stock repurchases.
These ways are as follows:
Funneling excess cash flows back to shareholders through higher dividends
Funneling excess cash flows back to shareholders through stock repurchases
Investment opportunities are crucial to any organization. When a firm has excess cash, it may use the money to invest in investment opportunities. However, if the firm has invested the cash flows unwisely, it may lead to a decrease in the cash flows of the company. Therefore, a firm can reduce cash flows by funneling the excess cash back to the shareholders. The shareholders can use the cash in any way they desire. This helps to prevent managers from investing the cash flows unwisely.
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King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most recent dividend, Divo, was $0.50 per share. What is the stock's price if a. an investor wants a return of 7%? b. an investor wants a return of 8%? c. an investor wants a return of 11%? d. an investor wants a return of 12%? e. an investor wants a return of 19%?
The stock's price would be:
a. $16.67
b. $12.50
c. $7.14
d. $6.25
e. $3.33
To calculate the stock's price based on the desired investor return, we need to use the dividend growth model, also known as the Gordon growth model. The formula for the Gordon growth model is as follows:
Stock Price = Dividend / (Required Return - Dividend Growth Rate)
Given:
Dividend (Divo) = $0.50 per share
Dividend Growth Rate (g) = 4% = 0.04 (expressed as a decimal)
We can now calculate the stock price for each desired investor return:
a. For a required return of 7%:
Required Return (r) = 7% = 0.07 (expressed as a decimal)
Stock Price = $0.50 / (0.07 - 0.04) = $0.50 / 0.03 = $16.67
b. For a required return of 8%:
Required Return (r) = 8% = 0.08 (expressed as a decimal)
Stock Price = $0.50 / (0.08 - 0.04) = $0.50 / 0.04 = $12.50
c. For a required return of 11%:
Required Return (r) = 11% = 0.11 (expressed as a decimal)
Stock Price = $0.50 / (0.11 - 0.04) = $0.50 / 0.07 = $7.14
d. For a required return of 12%:
Required Return (r) = 12% = 0.12 (expressed as a decimal)
Stock Price = $0.50 / (0.12 - 0.04) = $0.50 / 0.08 = $6.25
e. For a required return of 19%:
Required Return (r) = 19% = 0.19 (expressed as a decimal)
Stock Price = $0.50 / (0.19 - 0.04) = $0.50 / 0.15 = $3.33
Therefore, the stock's price would be:
a. $16.67
b. $12.50
c. $7.14
d. $6.25
e. $3.33.
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Provide at least 5 Filipino Traditional Practices in relation to
Credit and Collection. Explain each one.
1. The "Pakyawan" system allows individuals to access credit without relying on formal financial institutions. 2. The "Hulog-Piso" method provides convenience to customers by allowing them to pay for their purchases in small increments. 3. The "Paluwagan" system promotes disciplined savings and provides an opportunity for members to access a larger sum of money at regular intervals. 4. The "Tubos" practice allows lenders to earn income from lending money, compensating for the risk and opportunity cost involved.
Here are the 5 Filipino Traditional Practices in relation to Credit and Collection:
1. "Pakyawan" System
In the "Pakyawan" system, a group of individuals or a community collectively pool their resources to lend money to a borrower. Each member contributes a fixed amount, and the borrower receives the total pooled amount. The borrower then repays the loan with interest over an agreed-upon period. The interest earned is distributed proportionally among the members.
Example: Let's say there are 10 members, each contributing ₱1,000. The pooled amount would be ₱10,000. If the borrower agrees to repay the loan with 10% interest over 6 months, the total repayment would be ₱11,000 (₱10,000 principal + ₱1,000 interest). Each member would receive ₱100 as their share of the interest.
2. "Hulog-Piso" Method
The "Hulog-Piso" method involves regular installment payments made on a daily basis. This practice is commonly used by micro-entrepreneurs to collect payment for their goods or services. Customers make daily payments in small denominations (usually ₱1) until the total amount owed is settled.
Example: Let's say a customer purchases goods worth ₱100. Instead of paying the entire amount upfront, they opt for the "Hulog-Piso" method. They would then make daily payments of ₱1 until the ₱100 debt is fully paid.
3. "Paluwagan" System
The "Paluwagan" system is a savings and credit arrangement among a group of individuals. Each member contributes a fixed amount regularly, and the total pooled amount is given to one member on a rotating basis. The rotation continues until each member has received the pooled amount once.
Example: Let's consider a "Paluwagan" group with 5 members, each contributing ₱1,000 monthly. The pooled amount each month would be ₱5,000. The first month, Member A receives the ₱5,000. The following month, Member B receives it, and so on until all members have received the pooled amount.
4. "Tubos" Practice
The "Tubos" practice involves charging interest on a principal amount borrowed. It is typically used in informal lending arrangements where interest rates are negotiable. The interest charged may vary depending on the agreement between the lender and the borrower.
Example: If a borrower receives a loan of ₱10,000 with a 10% interest rate per month, the interest charged for one month would be ₱1,000 (₱10,000 x 10%). The total repayment at the end of the month would be ₱11,000 (₱10,000 principal + ₱1,000 interest).
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Explain the following point of Mumbai kanyakumari Economic cooridor ?
1) planning
2)Initiating
3)Monitoring
4)Controlling
5)Executing
6)Closing
7)Project life cycle
8) project time management
9)project scope management
10) project schedule management
11) Risk mangement
12)stakeholder
13cost and time
Mumbai-Kanyakumari Economic Corridor is a long-term infrastructure improvement project, which involves the construction of a series of highways, railways, and ports that would connect the two cities.
The following are the explanations of different points regarding the project:Planning: Mumbai-Kanyakumari Economic Corridor aims to provide an alternative route to the current network of national highways. The project will include several new highways, ports, and railways. The project will require careful planning to ensure that the project is completed within the estimated timeline.Initiating: The project was initiated in September 2018 when the Government of India announced plans for the Mumbai-Kanyakumari Economic Corridor. The project was approved by the Cabinet in November 2020.Monitoring: The project will require monitoring throughout the project life cycle.
The progress of the project will be monitored at various stages to ensure that it is on track.Controlling: The project will require controlling to ensure that it is completed within the estimated timeline and budget. The project will require regular monitoring to ensure that any issues that arise are addressed promptly.Executing: The project will require careful execution to ensure that the project is completed within the estimated timeline and budget. The project will involve the construction of several highways, railways, and ports that will connect the two cities.Closing: The closing of the project will involve ensuring that all objectives have been met.
The project will require a final review to ensure that all stakeholders are satisfied.Project life cycle: The project life cycle will include the planning, initiating, executing, monitoring, controlling, and closing phases.Project time management: The project will require careful time management to ensure that it is completed within the estimated timeline.
Project scope management: The project scope management will include defining, monitoring, and controlling the scope of the project.Project schedule management: The project will require careful schedule management to ensure that it is completed within the estimated timeline.Risk management: The project will require careful risk management to ensure that any risks that arise are addressed promptly.Stakeholder: The project will involve several stakeholders, including the government, private sector, and local communities.Cost and time: The project's cost and time are essential factors that need to be carefully managed to ensure that the project is completed within the estimated timeline and budget.
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In a short essay, discuss in detail the major advantage of
projective techniques over the unstructured direct techniques
(focus groups and depth interviews). Be sure to elaborate and
justify answers f
Projective techniques and unstructured direct techniques are two important qualitative research methods. The former refers to a series of methods that elicit information from respondents by asking indirect questions or using stimuli like images and metaphors to stimulate responses. The latter, on the other hand, refers to interview or focus group techniques that are more direct in nature, meaning that the questions posed are direct and explicit. In this essay, we will discuss the major advantage of projective techniques over the unstructured direct techniques.
The main advantage of projective techniques over unstructured direct techniques is that they provide a way to uncover unconscious or latent motivations, feelings, and attitudes of respondents. Since projective techniques use indirect methods to elicit responses, they help researchers to bypass the defenses that respondents might put up in response to direct questioning.
For example, in a focus group, respondents may be reluctant to share their true feelings or beliefs about a topic, either because they fear judgment or want to present themselves in a certain way. Projective techniques, such as word association or storytelling, can help bypass these defenses and reveal more about respondents’ true beliefs or attitudes.
Additionally, projective techniques are useful for uncovering emotional responses or associations that may not be easily articulated in words. By using visual or symbolic stimuli, projective techniques tap into a deeper level of the respondent’s psyche, revealing unconscious thoughts and feelings.
In conclusion, while both projective techniques and unstructured direct techniques are useful qualitative research methods, the former offers several advantages over the latter. By uncovering latent motivations and unconscious thoughts and feelings, projective techniques provide a valuable tool for qualitative researchers seeking to gain a deeper understanding of their respondents.
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Hennig Company has budgeted 3,042 units of sales for December. Hennig budgets selling and administrative expenses on the basis of unit sales. The budgeted fixed selling and administrative expense is $69,482 per month, including depreciation of $6,934 for the month. Variable selling and administrative expenses are budgeted at $3.04 for each unit sold. All cash required for selling and administrative expenses is disbursed in the month incurred. What amount should Hennig budget for disbursements for selling and administrative expenses in December? a. $71,795.68 b. $9,247.68 c. $78,729.68 d. $62,548.00 e. $69,482.00
Given that Hennig Company has budgeted 3,042 units of sales for December. The budgeted fixed selling and administrative expense is $69,482 per month, including depreciation of $6,934 for the month.
The variable selling and administrative expenses are budgeted at $3.04 for each unit sold and all cash required for selling and administrative expenses is disbursed in the month incurred. We need to determine the amount Hennig should budget for disbursements for selling and administrative expenses in December.
Here’s how to do it: The total fixed expenses are; Total fixed expenses = Budgeted fixed selling and administrative expenses - Depreciation= $69,482 - $6,934= $62,548The variable expenses are the product of the variable expense per unit and the number of units sold. Variable expenses = $3.04 x 3,042= $9,247.68Therefore, the total disbursements for selling and administrative expenses in December is equal to the sum of the total fixed expenses and the total variable expenses; Total disbursements for selling and administrative expenses in December = Total fixed expenses + Variable expenses= $62,548 + $9,247.68= $71,795.68Therefore, the amount Hennig should budget for disbursements for selling and administrative expenses in December is $71,795.68
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Take a law that the city/state passed and talk about its history of it and how it came into being and then debate both sides of that bill supporter/non-supporters. Use this outline for the topic: Homeless In venice beach
Venice Beach's homeless crisis law was enacted to address the issue of homelessness in the area. Its supporters believe it provides a solution while non-supporters argue that it infringes on the rights of the homeless.
The Venice Beach Homeless Crisis Law was enacted in 2020 to address the increasing number of homeless individuals in the area. It seeks to regulate camping and storage of personal property on sidewalks and streets. The bill's supporters argue that it provides a solution to the growing crisis by promoting public health, safety, and cleanliness while also protecting the rights of residents.
On the other hand, non-supporters argue that the law infringes on the rights of homeless individuals. They claim that the law will criminalize homelessness and expose them to fines and penalties that they cannot afford. Non-supporters further argue that the bill does not provide a long-term solution to the issue of homelessness. Rather, it only addresses the symptoms and does not address the root cause of the problem.
In conclusion, the Venice Beach Homeless Crisis Law was passed to address the issue of homelessness in the area. While supporters believe it is an effective solution, non-supporters argue that it infringes on the rights of the homeless and does not provide a long-term solution to the issue.
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In theory, if a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors. True False Question 2 (1 point) Perfect competition is a market structure wherein there is one firm selling a particular product. True False
In theory, if a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors.
True or False? False is the correct answer to the given statement. In a perfectly competitive market, a single firm cannot influence the price of the product, as the market price is determined by the forces of supply and demand, according to the true statement of the perfect competition market structure. The market price is also known as the equilibrium price.
In a perfectly competitive market, there are numerous firms selling identical products, and each firm is a price-taker rather than a price-setter. It means that a single firm can not influence the market price of a product and must accept the equilibrium price as given.
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Click to see additional instructions Suppose a firm is considering hiring an additional worker. The firm's initial costs when hiring a worker include hiring and training costs of $50. The wage rate for each period of employment is W--$100 (the same for all periods), and the value marginal product of the additional worker is also the same in every period, VMP-=VMP (a constant). Assume the interest rate is zero (the firm has no discounting factor over time). A. Write out this firm's profit maximizing employment rule for an employment length of two periods (t=0 and t=1). For this firm the present value of the (marginal) costs of hiring an additional worker for two periods is $ . The firm will make positive profit from this worker if VMP is above $ . If VMP=$110, is it worth it to hire an additional worker who will stay 3 periods? (Enter 1 for "yes" or -1 for "no".) B. Now suppose that the union negotiates a signing bonus of $100 which the firm must pay initially (in addition to the hiring and training costs) when it hires a worker. Write out the new profit maximizing employment rule for two periods. The firm breaks even from hiring the additional worker for two periods if VMP is $ . In order for an additional worker to be worth hiring for 3 periods, VMP must be at least $ C. Consider how a signing bonus (as in part B) would compare with a wage raise instead. Suppose the union obtains a wage raise of $25 instead of a signing bonus of $100 and the employment length will be 3 periods. With the wage increase, the present value of the costs of an additional worker will be (Enter 1 for "higher", O for "the same" or "-1 for "lower") and the firm's willingness to hire will be (Enter 1 for "greater", 0 for "the same" or "-1 for "less") than with the signing bonus. Is this the true for longer employment durations? (Enter 1 for "yes" or -1 for "no".) D. Now suppose expected employment is 4 periods and the union raises wages by $25 in addition to introducing a signing bonus of $100. This is naturally expected to affect employment, but it is also possible that unionization has a positive influence on productivity. In order for the firm to maintain the same level of hiring under these circumstances as without a union, it would have to be the case that unionization also increases VMP by $ E. Recall that unionized workers often have lower turnover rates, and that in addition to increasing wages and/or affecting quasi-fixed costs of labour, unions may also influence productivity. Identify what changes to the values of variables in equation 6.1 relate to each of these factors.
A. Profit maximizing employment rule for an employment length of two periods (t=0 and t=1):According to the profit maximization rule, VMP=W so the firm hires until W=VMP. In this scenario, the firm makes a profit by hiring the worker if the VMP is greater than $150.
The present value of the marginal cost of hiring an additional worker for two periods is $200. It is not worth it to hire an additional worker who will stay for three periods as the VMP is not greater than $150.
B. New profit maximizing employment rule for two periods:With the signing bonus, the profit maximization rule becomes VMP = W + ($50 + $100) / 2. The firm breaks even from hiring the additional worker for two periods if VMP is $125. For the firm to hire an additional worker for three periods, VMP must be at least $162.50.C. Comparison of signing bonus with a wage raise:With the wage increase, the present value of the costs of an additional worker will be lower and the firm's willingness to hire will be greater than with the signing bonus.
This is true for longer employment durations as well.D. In order for the firm to maintain the same level of hiring under these circumstances as without a union, it would have to be the case that unionization also increases VMP by $100.E.
The values of the variables in equation 6.1 are affected as follows:Increasing wages will increase the marginal product of labor.Increasing the bargaining power of labor will reduce quasi-fixed labor costs.Unions may influence productivity in ways that cannot be easily quantified.
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A contract with an unlicensed lawyer by which the lawyer agrees to represent the client in court is
Group of answer choices
enforceable only if the outcome is successful.
enforceable only if the client knows that the lawyer is unlicensed.
enforceable only if the client fails to object to continued representation after learning about the missing license.
unenforceable
A contract with an unlicensed lawyer by which the lawyer agrees to represent the client in court is generally unenforceable.
The practice of law typically requires a license to ensure that lawyers have met the necessary qualifications and comply with professional standards. When a lawyer is unlicensed, they are not authorized to practice law and may be subject to legal penalties.
In most jurisdictions, contracts entered into with unlicensed lawyers are considered void or unenforceable. The legal system generally seeks to protect the public by ensuring that individuals seeking legal representation are dealing with qualified and licensed professionals.
Enforceability of contracts with unlicensed lawyers is not dependent on the success of the outcome, the client's knowledge of the lawyer's license status, or the client's objection to continued representation. Regardless of these factors, the fundamental issue remains the lack of a valid license to practice law.
It is important for individuals seeking legal representation to verify the credentials and licensing status of their lawyer to ensure that they are receiving proper legal advice and representation. Engaging an unlicensed lawyer can lead to legal and ethical complications, and the courts generally do not enforce contracts with unlicensed lawyers.
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An industry has 10 firms, each with a market share of 10 percent. There is no foreign competition, entry into the industry is difficult, and no firm is on the verge of bankruptcy. a. If 5 of the firms in the industry seek to merge, the Herfindahl index would change from
2,200 to 2,200.
600 to 1,000.
600 to 1,600.
1,000 to 2,200.
b. This merger would
be challenged, because of the value of the new Herfindahl index only.
not be challenged.
be challenged, because of the substantial change in the Herfindahl index only.
be challenged, because of the value of the new Herfindahl index and the substantial change in the index
The Herfindahl index is a commonly used measure of market concentration that quantifies the distribution of market shares among firms in an industry. It is calculated by summing the squared market shares of all firms.
a. The Herfindahl index is a measure of market concentration and is calculated by summing the squares of the market shares of all firms in the industry. In this case, each firm has a market share of 10 percent, so the initial Herfindahl index is 10² * 10 = 1,000.
If 5 of the firms in the industry seek to merge, their market shares would be combined into a single entity with a market share of 10% * 5 = 50%. The remaining 5 firms would still have a market share of 10% each. Therefore, the new Herfindahl index would be calculated as follows:
(50²) + (10² * 5) = 2,500 + 500 = 3,000
So, the correct answer is that the Herfindahl index would change from 1,000 to 3,000.
b. Based on the information provided, it is not possible to determine whether the merger would be challenged or not. The question does not provide any information about the specific regulations or antitrust laws in place, nor does it mention any other factors that may trigger a challenge to the merger. Therefore, we cannot make a definitive conclusion about whether the merger would be challenged or not based solely on the Herfindahl index.
When a merger occurs, it can have an impact on the Herfindahl index, reflecting changes in market concentration. The specific impact depends on the market shares of the merging firms and the overall structure of the industry.
If two firms with significant market shares merge, it can result in a substantial increase in the Herfindahl index. This is because the squared market shares of the merging firms are combined, leading to a higher concentration of market power in the hands of the merged entity.
On the other hand, if a merger involves firms with smaller market shares, the impact on the Herfindahl index may be relatively smaller. This is because the squared market shares of the merging firms are relatively small and may not significantly alter the overall concentration in the market.
In general, the impact of a merger on the Herfindahl index depends on the size and market shares of the merging firms, as well as the number of firms in the industry. A merger that involves a significant consolidation of market power among a few firms is likely to result in a higher Herfindahl index, indicating increased concentration. Conversely, a merger among smaller firms may have a relatively smaller impact on the Herfindahl index.
It's worth noting that the Herfindahl index is just one measure of market concentration, and its interpretation may vary depending on the specific industry and market conditions. Regulatory authorities and antitrust agencies often use the Herfindahl index as part of their evaluation process to assess the potential impact of a merger on competition and consumer welfare.
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Consider the following average annual returns: Average Return 23.3% 13.1% 7.3% 62% Investment Small Stocks S&P 500 Corporate Bonds Treasure Bonds Treasury Bills What is the excess return for Treasury bills? OA. -9% OB. 0% O.C. -21% OD. -32% Next questor
If Investment Small Stocks S&P 500 Corporate Bonds Treasure Bonds Treasury Bills then the excess return for Treasury bills is C. -21%.
How to find?The average annual returns for four different investments Small Stocks, S&P 500, Corporate Bonds, Treasure Bonds and Treasury Bills are given in the question as 23.3%, 13.1%, 7.3%, 6.2%, and what we need to find is the excess return for Treasury bills.
What is excess return?Excess return is the return above and beyond a benchmark that is expected. It is calculated by subtracting the benchmark return from the investment return.
What is the excess return for Treasury bills?
Benchmark return is the risk-free return for an investment in the treasury bills. Therefore, the excess return for treasury bills can be calculated as follows: Excess return for Treasury Bills = Average return for Treasury Bills - Benchmark Return Benchmark Return = Annual return for Treasury Bonds Excess Return for Treasury Bills = 6.2% - 7.3% = -1.1%Hence, the excess return for Treasury bills is -1.1%.
Hence, option c. is correct.
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should a closing date be set and why?
what are some of the potential problems of making adjustmens to a
companies accouting records after the year has ended and been
closed. How can we limit these typ
A closing date should be set for accounting records to avoid any discrepancies that may occur. This account closing date will prohibit any modifications to be made in accounting records that are critical for reporting purposes a closing date is the last day of an accounting.
To prepare financial statements like the income statement and balance sheet. It is the date when all transactions for a specific accounting period must be completed.Some potential issues with modifying accounting records after the closing date has passed are Once an accounting period has been closed, it is presumed that all transactions are recorded and classified appropriately.
It is possible that making adjustments after the closing date could alter the accuracy of the financial statements. Audit trails could be lost: If adjustments are made after the closing date, it is possible that the audit trail of that transaction may be lost or may not be completely documented. As a result, it becomes challenging to verify and audit these records. Compliance with regulations: Regulators have strict standards and rules on accounting procedures. Making changes after the closing date violates the "Generally Accepted Accounting Principles (GAAP)," which may lead to penalties or other legal consequences. To limit such potential problems, the company can establish a cut-off date beyond which adjustments cannot be made.
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Question 31 2 Suppose that Borinesville Bank has $500,000 in checking deposits. It also has 5410,000 out in Finally, the reserve requirement is 10% How much is the bank holding in total reserves? 5460,000 How much in required reserves? Select) How much in excess reserves? Select) Question 32 2 pts
The total reserves that the bank is holding can be calculated using the following formula;Total Reserves = Required Reserves + Excess ReservesThe given information that we have is:Checking deposits = $500,000Loans made = $410,000Reserve Requirement = 10%
Let's calculate the Required Reserves using the given formula;Required Reserves = Reserve Requirement x Checking DepositsRequired Reserves = 10% x $500,000Required Reserves = $50,000To calculate the excess reserves, we need to subtract the required reserves from the total reserves.Excess Reserves = Total Reserves - Required Reserves
Total Reserves = Checking Deposits - Loans MadeTotal Reserves = $500,000 - $410,000Total Reserves = $90,000So,Excess Reserves = Total Reserves - Required ReservesExcess Reserves = $90,000 - $50,000Excess Reserves = $40,000Hence, the bank is holding $90,000 in total reserves. The bank is holding $50,000 in required reserves and $40,000 in excess reserves.
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Use the diagram below to answer the question below: S₂ S₁ P3 D3 Price p D₁ 92 91 Quantity q Assuming that the curves above are representative of an inferior good, which of the following could explain a movement from point p1q2 to p3q1 in the figure? O A. an increase in the price of a complement O B. an increase in the price of the good O C. an increase in buyers' income D. a decrease in the buyers' income D₂
Based on the information provided, if the curves represent an inferior good, the movement from point p1q2 to p3q1 in the figure could be explained by:
The correct option is C. an increase in buyers' income.
In the case of an inferior good, as buyers' income increases, the demand for the inferior good decreases. This would result in a leftward shift of the demand curve from D₁ to D₃, leading to a decrease in both price (from P₁ to P₃) and quantity (from Q₂ to Q₁).
Therefore, an increase in buyers' income is the most plausible explanation for the movement described in the diagram.
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please solve all the questions in 20mins and I will
rate your answer highly
5. Easter Island Biochemical Co. has a $1,000 par value bond outstanding that pays 11 percent annual interest. The current yield to maturity on such bonds in the market is 8 percent. Compute the price
To compute the price of the bond, we can use the formula:
P = C/D
where:
P = price of the bond
C = coupon rate (11% = 0.11)
D = maturity value (1,000 = 1,000)
Plugging in the values, we get:
P = 0.11/1,000
P = 0.011
Therefore, the price of the bond is 1,000/0.011=1,000/0.011=8,888.89
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Read the following case study then answr the questions below Satyam Computers, a global IT company, was defamed in a notorious list of companies involved in fraudulent financial activities. The list includes names such as Enron, World Com, Parmalat, Ahold, Allied Irish, Bearings and Kidder Peabody. Satyam's CEO, Ramalinga Raju, accepted his role in a broad accounting impropriety that had overstated the company's net revenue and profit. The company had earlier reported a cash reserve of approximately $1.04 billion that actually existed only in books but not in reality. In his letter to his board, exposing the fraud, Satyam's Raju showed the propensity of the fraud. He stated that, "What started as a marginal gap between actual operating profits and ones reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions. ..." Later, he described the process as "like riding a tiger, not knowing how to get off without being eaten." 1-State the business ethica principle that had been violated here ? 2- What do you think about the solution regarding this violation ? 3- How will the company handle this issue ? help the management by affording a solution and action frame?
1. Business ethics principles that had been violated by Satyam Computers (2). Solution regarding this violation: Satyam should initiate an independent audit to restate its accounts, which will require a comprehensive review of all the company's books and financial records.
1. Business ethics principles that had been violated by Satyam Computers:There are several business ethics principles that have been violated by Satyam Computers:Business Ethics is a practice of upholding moral principles and social responsibilities to operate a business. Satyam Computers violated several business ethics principles as follows: Integrity: The company acted without integrity. Satyam's CEO made false statements in the company's reports and even to its board. Responsibility: Responsibility is to fulfill the obligation to safeguard the interests of stakeholders. Satyam's management did not consider the interests of stakeholders. They cheated them for their own interests. Honesty: Satyam's management provided false information to investors, customers, and other stakeholders.2. Solution regarding this violation: Satyam should initiate an independent audit to restate its accounts, which will require a comprehensive review of all the company's books and financial records. The management of the company should step down. The appointment of new management must be conducted to replace the current management and take over the management of the company. Besides that, Satyam needs to adopt a new code of ethics that is in line with their business principles to ensure that a similar issue does not happen again in the future.3. How will the company handle this issue?The company should have a clear action plan in place to manage this issue. The following are some of the actions that the company can take: The company must acknowledge the fraud and hold its executives accountable for their actions. The company should apologize to its stakeholders and compensate for any financial losses incurred by them. The new management of the company should carry out a thorough review of its business operations, policies, and procedures to prevent such incidents from happening in the future. Additionally, the company should focus on rebuilding its reputation by following ethical business practices and establishing a transparent system. It is essential to regain the trust of its stakeholders, investors, and customers.
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B) Graph, explain & give a detailed example for the following:
Explain & give examples: Movement along the supply curve :_____
Graph examples:
Explain & give examples: Shift of the supply curve: _____
Graph example:
Equilibrium: _____
Graph example:
In economics, movement along the supply curve, shift of the supply curve, and equilibrium are important concepts. Movement along the supply curve refers to changes in quantity supplied due to changes in price, while a shift of the supply curve occurs when factors other than price affect the quantity supplied. Equilibrium is the point at which the quantity demanded equals the quantity supplied. Graphs can illustrate these concepts visually, showing the relationship between price and quantity.
Movement along the supply curve occurs when there is a change in the quantity supplied due to a change in price. When the price of a product increases, the quantity supplied generally increases as well. Conversely, when the price decreases, the quantity supplied tends to decrease. This movement along the supply curve is shown as a change in position along the curve while keeping other factors constant. For example, if the price of oranges rises, orange producers may increase the quantity of oranges they are willing to supply.
A shift of the supply curve occurs when factors other than price affect the quantity supplied. These factors can include changes in production costs, technology, government regulations, or input prices. When any of these factors change, the entire supply curve shifts to a new position. For instance, if a new technology is introduced that reduces the cost of production for smartphones, the supply curve for smartphones would shift to the right, indicating a higher quantity supplied at every price level.
Equilibrium is the point where the quantity demanded equals the quantity supplied, resulting in a stable market outcome. At equilibrium, there is no excess supply or excess demand. The price at equilibrium is often referred to as the market-clearing price. Graphically, equilibrium is represented by the intersection of the demand and supply curves. For example, if the demand for a certain type of shoes increases while the supply remains unchanged, the price of the shoes will rise until the quantity demanded matches the quantity supplied, establishing a new equilibrium.
In conclusion, movement along the supply curve represents changes in quantity supplied due to price changes, a shift of the supply curve occurs when factors other than price affect supply, and equilibrium is the point of balance where quantity demanded equals quantity supplied. Graphs can visually demonstrate these concepts, providing a clearer understanding of the relationship between price and quantity in the market.
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Which of these items should be reported as "other financing uses" in a governmental funds statement of revenues, expenditures, and changes in fund balances?
In a governmental funds statement of revenues, expenditures, and changes in fund balances, certain items are reported as "other financing uses." These include debt service payments, contributions to other funds, and transfers to other government entities.
Debt service payments are typically the largest component of "other financing uses" in a governmental funds statement. These payments include principal and interest payments on outstanding debt obligations, such as bonds or loans.
Contributions to other funds are another type of "other financing use." These occur when one fund contributes resources to another fund, typically for a specific purpose, such as capital improvements or debt service.
Transfers to other government entities are also reported as "other financing uses." These occur when a government entity transfers resources to another government entity, usually for the purpose of providing shared services or funding joint projects.
In summary, "other financing uses" in a governmental funds statement include debt service payments, contributions to other funds, and transfers to other government entities.
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The Wall Street Journal reports that the rate on four-year Treasury securities is 1.6 percent and the rate on five-year Treasury securities is 2.6 percent. According to the unbiased expectations hypotheses, what does the market expect the one-year Treasury rate to be four years from today, E(5r1)?
According to the unbiased expectations hypothesis, the market expects the one-year Treasury rate four years from today, E(5r1), to be equal to the market rate on a five-year Treasury security. In this case, the rate on a five-year Treasury security is reported as 2.6 percent.
Therefore, based on the unbiased expectations hypothesis, the market expects the one-year Treasury rate four years from today to be 2.6 percent.
The unbiased expectations hypothesis suggests that market participants form their expectations of future interest rates based on all available information and that these expectations are unbiased and accurate predictors of future rates.
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3. Can the Webvan business model earn a positive return with the current supply chain design? Explain.
No, the Webvan business model was unable to earn a positive return with its existing supply chain design.
Webvan's supply chain design was based on a hub-and-spoke model, which involved building large centralized distribution centers. This model required significant investment in infrastructure and technology, resulting in high fixed costs. Additionally, the hub-and-spoke model was complex and costly to operate, with challenges in inventory management, order fulfillment, and last-mile delivery.
The high fixed costs and operational complexities outweighed the revenue generated by Webvan's online grocery business. The company struggled to achieve profitability and eventually filed for bankruptcy in 2001.
Webvan's supply chain design did not effectively address the cost structure and logistics challenges associated with the online grocery industry at that time. The model was unable to generate sufficient revenue to cover the high fixed costs, resulting in negative returns. Therefore, with the existing supply chain design, Webvan was unable to earn a positive return on its business model.
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Suppose a closed economy has an aggregate consumption function given by C = 200 + 0.50Yd and generates $2400 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 200. How much will the private sector be saving total in equilibrium? (round your answer to the nearest whole value)
The private sector will be saving $900 total in equilibrium.
The government collects a lump-sum tax of 200 in a closed economyThe economy generates $2400 output and income in equilibrium We need to determine the total amount of private sector saving at equilibrium .
we can calculate the saving (S) of the economy by using the formula:S = Y - C - TwhereY = $2400 (output and income)T = $200 (lump-sum tax)C = $1300 (consumption)S = $2400 - $1300 - $200= $900Therefore, the private sector will be saving $900 total in equilibrium.
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Asnwer the question below in MS WORD or as a text file and submt here to complete this assignment. You may also write it out on paper (clearly) and submit a picture of it. You run the Government of a small country in the pacific. Much of the economy for your small country comes from factory production. Suddenly, due to an oil crisis, the price of oil has gone up significantly for many of the factories. This will squeeze the profit made by the companies. a. Describe some of the negative effects on the economy you would be concerned about b. List a few policies you might try as the Government to help keep the economy from shrinking You run the Government of a small country in the pacific. Much of the economy for your small country comes from factory production. Suddenly, due to an oil crisis, the price of oil has gone up significantly for many of the factories. This will squeeze the profit made by the companies. a. Describe some of the negative effects on the economy you would be concerned about 1. b. List a few policies you might try as the Government to help keep the economy from shrinking E
As the Government of a small country in the Pacific, some of the negative effects on the economy that I would be concerned about due to an oil crisis include the following:Decreased economic activity: A significant rise in the price of oil could lead to decreased economic activity, as the majority of the factories in the country rely on oil for their production processes.
Due to the increased costs of production, the factories may have to lay off workers or decrease production, both of which would decrease economic activity in the country.Increased unemployment: The increased cost of oil would cause a ripple effect on the economy, leading to decreased production and a decrease in the number of jobs available. This would ultimately result in increased unemployment, which would further decrease economic activity in the country.Inflation: The cost of oil is an important determinant of inflation, as it affects the prices of goods and services that depend on oil for their production. If the price of oil increases significantly, it will lead to a general rise in the price level of goods and services
.Policies that the Government could implement to help keep the economy from shrinking include the following:Invest in renewable energy: Investing in renewable energy sources such as solar and wind power could help reduce the dependence on oil for production processes. This would help to stabilize the economy during times of oil crisis.Implement subsidies and tax incentives: The Government could offer subsidies or tax incentives to the factories, which would help to reduce their production costs. This would help to prevent a decrease in production and keep the factories running at full capacity.Implement austerity measures: The Government could implement austerity measures, such as reducing public expenditure, to prevent inflation from rising and stabilize the economy during times of oil crisis.
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Dear Teacher,
please can you help me to answer these questions in an easy way and clear English please,
don't make it bulky please,
Subject-food and beverages operations management
1.Explain how a food and beverage manager can apply those dimensions(service quality model) effectively in his operations to minimize negative gaps between expectations and perception regarding food and beverages products.Write five short effective sentences in a very easy English please
2.Taking into consideration the quality iceberg,explain the strategies that should be taken to minimize guests complaints and incidents at experimental level.Write five short effective sentences in a very easy English please
1. To minimize gaps between customer expectations and perceptions in food and beverage operations, a manager should train staff, ensure quality products, maintain a clean environment, address customer feedback, and continuously improve service.
2. To minimize guest complaints and incidents, consider the quality iceberg concept. Implement strategies such as prevention-focused approach, staff training, food safety protocols, effective communication, and thorough inspections.
1. A food and beverage manager can effectively apply the dimensions of the service quality model to minimize gaps between customer expectations and perceptions:
- Train staff to deliver prompt and friendly service.
- Ensure the food and beverages are consistently fresh and delicious.
- Maintain a clean and inviting dining environment.
- Listen to customer feedback and promptly address any issues or concerns.
- Continuously improve service through regular evaluations and staff training.
2. To minimize guest complaints and incidents at an experimental level, consider the quality iceberg concept and implement the following strategies:
- Focus on preventing issues rather than reacting to them.
- Train staff to handle difficult situations calmly and professionally.
- Regularly assess and improve food safety protocols.
- Communicate effectively with guests to manage their expectations.
- Conduct thorough inspections and quality control checks.
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The Web 2.0 revolution has changed the way businesses communicate with consumers and within their own organizations. Podcasts, wikis, and blogs can be used to build reputations, communicate with customers to increase visibility, and streamline internal communication processes.
Businesses have embraced podcasting to broadcast repetitive information that doesn’t require . For example, some companies use podcasts to broadcast HR policies that can be accessed on demand.
How can companies use wikis?
To document internal work flows and processes
To facilitate customer interaction
For building professional networks
For what purposes do companies use blogs? Check all that apply.
Online community building
Recruiting
Consider the following scenario, and then answer the question.
You work on the marketing team for a software development company. You have sales representatives in different locations around the globe. When a product update is released, your team holds teleconferences to demo new features. Due to time differences, these demos are difficult to schedule and usually require multiple demo sessions to accommodate different geographic regions. You want to streamline the new product demos and decide to recommend electronic communication tools to help facilitate this.
Which electronic communication tool would you recommend?
E-mail
A podcast
A wiki
Read the scenario, and then answer the question.
Dane recently landed a job with a PR consulting firm. The firm uses wikis to manage projects and share resources. Dane has never contributed to wikis before.
What tips should Dane follow to be a valuable wiki contributor? Check all that apply.
Verify all facts.
Show respect and be aware of improper or ambiguous language.
Remember that all comments can be viewed by all readers.
Rules don’t apply. Post as desired.
Spelling and grammar don’t matter.
The Web 2.0 revolution has transformed business communication, allowing companies to utilize podcasts, wikis, and blogs for various purposes.
Podcasts can be used to broadcast repetitive information, such as HR policies, while wikis serve as a platform to document internal workflows and processes. Blogs, on the other hand, are used for online community building and recruiting. In a scenario where a software development company wants to streamline new product demos, recommending electronic communication tools like a wiki would be suitable. For individuals like Dane, who is new to contributing to wikis, valuable tips include verifying facts, showing respect in language use, being aware of the public nature of comments, and maintaining proper spelling and grammar.
The Web 2.0 revolution has brought significant changes to business communication. Podcasts, wikis, and blogs have emerged as effective tools for businesses to interact with consumers and streamline internal processes.
Podcasts are often used by companies to broadcast repetitive information, such as HR policies, in a convenient and accessible manner. Employees can access these podcasts on-demand, allowing for flexible and self-paced learning.
Wikis are valuable for companies as they provide a collaborative platform to document and share internal workflows, processes, and resources. They can be used to create a centralized knowledge base where employees can contribute, edit, and access information, enhancing productivity and efficiency within the organization.
Blogs serve multiple purposes for businesses. They can be utilized for online community building, engaging with customers, and creating a platform for discussion and feedback. Blogs also play a role in recruiting, as they can showcase company culture, share success stories, and attract potential employees.
In the scenario described, where new product demos need to be streamlined for a global sales team, recommending a wiki would be a suitable electronic communication tool. Wikis allow for easy collaboration and information sharing across different geographic regions and time zones, enabling the team to access product updates and demo materials at their convenience.
For Dane, who is new to contributing to wikis, it is essential to follow certain tips to be a valuable contributor. Verifying facts before adding or editing content ensures accuracy and reliability. Showing respect in language use is crucial, as the wiki is a shared platform where improper or ambiguous language can cause misunderstandings. It is important to remember that all comments can be viewed by readers, so maintaining professionalism and adhering to guidelines is necessary. Contrary to the option "Rules don't apply. Post as desired," following established rules and guidelines is important to maintain the integrity and effectiveness of the wiki. Lastly, spelling and grammar do matter, as they contribute to the overall quality and readability of the content shared on the wiki.
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Two-Sided Argument Your sister and brother want your advice on picking out an anniversary gift for your parents. Your sister wants to order a monogrammed towel set. Your brother wants to give them cash. What advice would you give to your siblings in regard to maximizing social welfare from the gift you choose? Use the concept of market efficiency to support your answer. Answer the prompt using at least four sentences.
When deciding on an anniversary gift for your parents, it is important to consider maximizing social welfare. This means that the gift chosen should provide the most benefit to both the recipients and society as a whole.
While both options of a monogrammed towel set and cash have their merits, the concept of market efficiency favors cash as the more socially beneficial option. This is because cash allows the recipients to use the money as they see fit, potentially using it to purchase goods or services that provide greater overall benefit.
Monogrammed towel sets, on the other hand, have a more limited use and may not provide as much overall benefit to society. Therefore, when considering maximizing social welfare, it is recommended to go with the cash option rather than a monogrammed towel set.
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In producing Jelly beans, 4,700 pounds of direct materials were used at a cost of $2.50 per pound. The standard was 4,000 pounds at $2.75 per pound. What is the direct materials quantity variance? $1,925 Favorable $1,750 Favorable $1,925 Unfavorable $1,750 Unfavorable
In managerial accounting, the direct materials quantity variance is the difference between the number of direct materials that should have been used based on the number of products produced (according to the standard) and the actual number of direct materials used.
The difference between the standard cost of those direct materials and the actual cost of those direct materials is multiplied by the difference between the standard and actual quantity of direct materials to compute the direct materials quantity variance.
In this case, the standard cost of a single pound of direct materials is $2.75, while the actual cost is $2.50 per pound. Therefore, the standard cost is higher than the actual cost, resulting in a favorable cost variance.The actual amount of direct materials used was 4,700 pounds. However, the standard was set at 4,000 pounds. Therefore, the actual amount of direct materials used exceeded the standard amount by 700 pounds. Because the actual amount of direct materials used exceeds the standard amount, the variance is unfavorable (meaning higher costs than expected).
The formula for calculating the direct materials quantity variance is: Direct Materials Quantity Variance = (Standard Quantity − Actual Quantity) × Standard Price= (4,000 − 4,700) × $2.75 = $1,925 UnfavorableHence, the direct materials quantity variance is $1,925 Unfavorable.
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Deng Xiaoping's theory on economic diplomacy? and how this theory
effect on Chinese economic?
Deng Xiaoping's theory on economic diplomacy, often referred to as "Deng Xiaoping Theory" or "Dengism," emphasized the importance of economic development and opening up to the global economy as a means to achieve China's overall goals. This theory had a significant impact on Chinese economic development and shaped China's economic policies.
Deng Xiaoping recognized the need to modernize and transform China's economy, moving away from a centrally planned system towards market-oriented reforms. His theory emphasized the Four Modernizations: agriculture, industry, defense, and science and technology. Deng advocated for embracing foreign investment, technology transfer, and international trade to drive economic growth.
The implementation of Deng Xiaoping's economic diplomacy theory brought about several key reforms and policies in China. These included the establishment of Special Economic Zones (SEZs) to attract foreign investment, the liberalization of the agricultural sector through the Household Responsibility System, and the encouragement of private entrepreneurship. Additionally, Deng emphasized the importance of export-oriented industrialization and promoting China as a global manufacturing hub.
The impact of Deng Xiaoping's economic diplomacy theory on China's economy has been profound. It led to a period of rapid economic growth and development, commonly known as the "Chinese economic miracle." Foreign investment and technology transfer played a crucial role in upgrading China's industries, boosting productivity, and creating employment opportunities. The focus on exports and opening up to global markets propelled China's integration into the global economy.
Over the years, China has become the world's second-largest economy and a major global player. Deng Xiaoping's economic diplomacy theory laid the foundation for China's economic reforms and set the stage for subsequent leaders to continue opening up and pursuing market-oriented policies. However, it is important to note that China's economic development has also presented challenges, such as income inequality, environmental concerns, and tensions related to global trade imbalances.
Overall, Deng Xiaoping's theory on economic diplomacy had a transformative effect on China's economy, driving economic growth, modernization, and integration into the global economy. It remains a fundamental aspect of China's economic policy framework today.
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King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most recent dividend, Divo, was $0.50 per share. What is the stock's price if a. an investor wants a return of 6%? b. an investor wants a return of 10%? c. an investor wants a return of 11%? d. an investor wants a return of 14%? e. an investor wants a return of 18%?
The stock's price would be:
a. $25.00
b. $8.33
c. $7.14
d. $5.00
e. $3.57
To calculate the stock's price based on the desired investor return, we can use the dividend discount model. The formula for the dividend discount model with a constant growth rate (g) is as follows:
Stock Price = Dividend / (Required Return - Dividend Growth Rate)
Given:
Dividend (Divo) = $0.50 per share
Dividend Growth Rate (g) = 4% = 0.04 (expressed as a decimal)
Now let's calculate the stock price for each desired investor return:
a. For a required return of 6%:
Required Return (r) = 6% = 0.06 (expressed as a decimal)
Stock Price = $0.50 / (0.06 - 0.04) = $0.50 / 0.02 = $25.00
b. For a required return of 10%:
Required Return (r) = 10% = 0.10 (expressed as a decimal)
Stock Price = $0.50 / (0.10 - 0.04) = $0.50 / 0.06 = $8.33
c. For a required return of 11%:
Required Return (r) = 11% = 0.11 (expressed as a decimal)
Stock Price = $0.50 / (0.11 - 0.04) = $0.50 / 0.07 = $7.14
d. For a required return of 14%:
Required Return (r) = 14% = 0.14 (expressed as a decimal)
Stock Price = $0.50 / (0.14 - 0.04) = $0.50 / 0.10 = $5.00
e. For a required return of 18%:
Required Return (r) = 18% = 0.18 (expressed as a decimal)
Stock Price = $0.50 / (0.18 - 0.04) = $0.50 / 0.14 = $3.57
Therefore, the stock's price would be:
a. $25.00
b. $8.33
c. $7.14
d. $5.00
e. $3.57.
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At the end of its first year of operations, Lockerbie and Role Company has total assets of $3,000,000 and total liabilities of $1,200,000. The owner originally invested $200,000 in the business, but has not made any further investments or taken any withdrawals. What is the first year's profit for Lockerbie and Role Company? Multiple Choice
a. $1,600,000
b. $1,800,000
c. $3,000,000
d. $3,200,000
To calculate the first year's profit for Lockerbie and Role Company, we need to find the owner's equity, which is the difference between total assets and total liabilities.
Owner's equity = Total assets - Total liabilities
Owner's equity = $3,000,000 - $1,200,000
Owner's equity = $1,800,000
The owner's equity represents the initial investment ($200,000) plus the accumulated profit. Therefore, the first year's profit can be calculated by subtracting the initial investment from the owner's equity:
First year's profit = Owner's equity - Initial investment
First year's profit = $1,800,000 - $200,000
First year's profit = $1,600,000
Therefore, the first year's profit for Lockerbie and Role Company is $1,600,000 (option a).
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