2. "Because corporations do not actually raise any funds in secondary markets, secondary markets are less important to the economy than primary markets." Do you agree with this argument? Why, or why not?

Answers

Answer 1
Answer:

Explanation:

I disagree with this argument, it can be said that the secondary market is equally or more important than the primary market, due to the fact that it is the secondary markets that determine what will be the prices that the companies that issue bonds will sell in the primary market.

Secondary markets can also be considered to be responsible for making securities easier to sell in the primary market due to their greater liquidity.


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Selected transactions for M. Coronado, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $11,700 cash in business. 3 Purchased used car for $3,510 cash for use in business. 9 Purchased supplies on account for $585. 11 Billed customers $2,808 for services performed. 16 Paid $410 cash for advertising. 20 Received $819 cash from customers billed on January 11. 23 Paid creditor $351 cash on balance owed. 28 Withdrew $1,170 cash for personal use by owner.1. Journalize the above transactions. Date Account Titles and Explanation Debit CreditJan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28
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Employees at an insurance company were complaining about the form used for evaluating employee effectiveness. Their complaints were related to ________ justice. procedural interpersonal informational distributive

Answers

Answer:

Procedural

Explanation:

-Procedural justice refers to having a fair and transparent process that is used to make decisions.

-Interpersonal justice refers to treating people affected by a procedure in a respectful way.

-informational justice refers to letting people know why certain decisions were made.

-Distributive justice refers to a fair distribution of resources among people.

According to this, the answer is that their complaints were related to procedural justice because when they complaint about the form used for evaluating employee effectiveness they are talking about the process that is used to make the evaluations.

The other options are not right because the situation doesn't refer to how people is treated, the information of the process or the distribution of resources.

Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be provided in addition to the annual raise, if productivity goals are reached. Assuming the goals are reached, how much will Baldwin pay its employees per hour?Select: 1
$28.22
$31.04
$28.15
$29.63

Answers

Answer:

What Baldwin pays to its employees per hour is $29.63

Explanation:

Consider the following calculations to find the Baldwin pays to its employees.

Total raise = 5% + 0.25% = 5.25%

Present wages = $28.15

Baldwin will pay = $28.15* (1.0525) = $29.63

Final answer:

Baldwin will pay its employees $x + 0.0025x + annual raise per hour if productivity goals are reached which is $29.63

Explanation:

To calculate how much Baldwin will pay its employees per hour, we need to consider the additional performance bonus of 0.25% and the annual raise. Let's assume the current hourly rate is $x. The additional performance bonus can be calculated by multiplying 0.25% by the hourly rate, which is 0.0025x. The total amount per hour will then be the sum of the hourly rate, the additional performance bonus, and the annual raise.

Therefore, Baldwin will pay its employees $x + 0.0025x + annual raise per hour if productivity goals are reached. Thus, it can be calculated as -

Total raise = 5% + 0.25% = 5.25%

Present wages = $28.15

Baldwin will pay = $28.15* (1.0525)

= $29.63

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The Packaging Department started the month with 900 units in​ process, received 1 comma 600 units from the Finishing​ Department, and transferred 1 comma 900 units to Finished Goods. Direct materials are added at the beginning of the process and conversion costs are incurred evenly. The units still in process at the end of the month are 55​% complete for conversion costs. Calculate the number of units still in process at the end of the month and the equivalent units of production. The company uses the​ weighted-average method. Production Cost Report - Packaging Department

Answers

Answer:

ending WIP physical units: 600

Equivalent units: 495

Explanation:

physical units:

We will add up the beginning units and the transferred-in.

Then we subtract the transefrred-out

beginning            900

received             1,600

total units during the period: 2,500

transferred out: (1,900)

ending:                600

To know the equivalent untis we multiply by their porcentage of completion:

900 x 55% = 495 units

Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 79,000 Direct labor $ 41,000 Manufacturing overhead $ 19,000 Selling expenses $ 22,000 Administrative expenses $ 34,000 Required: 1. What is the total amount of product costs

Answers

The question is incomplete. Here is the complete question.

Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 79,000 Direct labor $ 41,000 Manufacturing overhead $ 19,000 Selling expenses $ 22,000 Administrative expenses $ 34,000 Required:

1) What is the total amount of product costs?

2) What is the total amount of period costs?

3) What is the total amount of conversion costs?

4) What is the total amount of prime costs?

Answer:

(1) product cost = $139,000

(2) period cost = $56,000

(3) conversion cost = $60,000

(4) prime cost = $120,000

Explanation:

(1) The total product costs can be calculated as follows.

= Direct material + direct labor + manufacturing overhead

= $79,000 + $41,000 + $19,000

= $139,000

(2) The period cost can be calculated as follows

= selling expenses + administrative expenses

= $22,000 + $34,000

= $56,000

(3) The conversion cost can be calculated as follows

= direct labor + manufacturing overhead

= $41,000 + $19,000

= $60,000

(D) The prime cost can be calculated as follows

= Direct material + direct labor

= $79,000 + $41,000

= $120,000

Columbia Construction Company earned $442,000 during the year ended June 30, 2014. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $847,935 at the end of fiscal year 2014, what were the retained earnings on its balance sheet on July 1, 2013?

Answers

Answer:

$631,729

Explanation:

The amount indicated as retained in a balance sheet is the accumulated amount of retained earning since inception.

A company's profits are shared between dividends and retained earnings.

The Columbia company made profits of  $442,000  on June 30, 2014  

Amounts paid out as dividends on June 30 were  $225,794

The retained earnings for June 2014 will be:

If net profits = retained earnings + dividends

retained earning will be earning - dividends payouts

=$442,000- $225,794

=$216,206

retained earning for June 2104  is 216,206

The accumulated retained earnings as of June 14, 2014, were $847,935,

retailed earning as of June 30, 2013, were

Accumulated retained earning by June 30, 2014 minus retained earnings earned on June 30, 2014

$847,935,-$216,206

=$631,729

For the statements below select the appropriate terms from the given choices. 1. A revenue not yet recognized; collected in advance. 2. Office supplies on hand that will be used in the next period. 3. Interest revenue collected; not yet recognized. 4. Rent not yet collected; already recognized. 5. An expense incurred; not yet paid or recorded. 6. A revenue recognized; not yet collected or recorded. 7. An expense not yet incurred; paid in advance. 8. Interest expense incurred; not yet paid.

Answers

Following are the  appropriate terms that are used in Business terms.

Explanation:

1. Advance income received - As it is prepaid

2. Stock / Current Asset - Depending upon the choice given

3. Advance interest received - Prepaid Advance

4. Accrued rent- Amount yet to be credited

5.Outstanding Expense - That is yet to be paid

6. Accrued Income - Revenue yet to be generated

7.Prepaid Expense - Paid in Advance

8. Outstanding Interest - Yet to be paid.

Above are the proper words that are used to in the Business terms that are globally used by any kind of enterprise.

Final answer:

The statements refer to common business and accounting concepts such as deferred revenue, accrued revenue, and prepaid expense among others. These terms help in recognizing and recording revenue and expenditures in the right accounting period.

Explanation:

Here are the appropriate terms for each statement:

Deferred Revenue - A revenue not yet recognized; collected in advance.

Prepaid Expense - Office supplies on hand that will be used in the next period.

Unearned Revenue - Interest revenue collected; not yet recognized.

Accrued Revenue - Rent not yet collected; already recognized.

Accrued Expense - An expense incurred; not yet paid or recorded.

Unbilled Revenue - A revenue recognized; not yet collected or recorded.

Prepaid Expense - An expense not yet incurred; paid in advance.

Accrued Interest - Interest expense incurred; not yet paid.

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