Answers
One of the properties of money is that it is a unit of account, hence lending a friend $25.00 is the answer because the friend in turn owes you $25.00, which is still your money.
What is money?
Simply put, money is any medium used for the exchange of goods and services, it can be assets, properties, tangible or intangible.It should be noted that one of the earliest systems of money is the Trade by Barter system.
Savings is the most traditional and safe type of investment. It is the most suitable for the conservative investor, who is not willing to take risks. Almost all commercial banks offer this type of investment and you don't need to be an account holder to invest.
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Related Questions
The profit margin ratio is the only ratio that makes up ROE that can be negative (except in relatively rare cases). Describe how the interpretation of the Asset Turnover Ratio and the Financial Leverage Ratio change based on whether the Profit Margin Ratio is positive or negative.
Tresnan Brothers is expected to pay a $1.60 per share dividend at the end of the year (i.e., D1 = $1.60). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 5%. What is the stock's current value per share? Round your answer to the nearest cent.
The Miller Company earned $133,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivable and allowance accounts. During Year 2, Miller collected $87,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. The net realizable value of Miller's receivables at the end of Year 2 was:
A firm has cash of 200,000, accounts receivable of 75,000, prepaid expenses of 12,500, accounts payable of $50,000, other current liabilities of 35,000, common stock of 375,000 and long term liabilities of 65,000. The firm also produced a profit of 20,000 during the last calendar year. What is the firm working capital?
(B) One tool of corporate governance is how the company's charter affects the likelihood of a takeover.
(C) One tool of corporate governance is a company's tax avoidance strategy.
(D) Creditors have a claim on a firm's earning stream through the dividend payments they receive.
(E) One tool of corporate governance is stock repurchases.
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Answer:
Correct Answer is "A"
(A) One tool of corporate governance is choosing a good investment banker.
Answers
Answer: The stated purpose of the food administration during the great war was to reduce food consumption by civilians (B)
Explanation:
The U. S. Food Administration was the department responsible for the administration of the United States army abroad and food reserves of its allies during the World War 1. An important role of the United States Food Administration was the regulation of the price of wheat in the market.
During the war, the United States was short of commodities because the commodities were sold to their allies hence, every citizen were asked to donate horses, weapons and ammunition they had to help supply the army. It was done so that food for soldiers wouldn't be an issue.
Answer: D
It collected food donations to be sent to soldiers in Europe
Explanation:
On August, 1917 almost immediately after US joined the World War I, the US food administration was set up to manage wartime supply of food. A voluntary program was set up where Americans were encouraged to donate foods to US troops and its allies by modifying their eating habits and also reducing their consumption levels.
Answers
Answer:
A credit to Cash of $299
Explanation:
Journal Entry Debit Credit
Merchandise inventory $62
Delivery charges $46
Office supplies $30
Miscellaneous expenses $51
Cash over and short $100
Cash $299
Cash to be reimbursed = Minimum cash balance required - Cash balance left
Cash to be reimbursed = $500 - $201
Cash to be reimbursed = $299
1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight-line, units-of-production, and double-declining-balance. Show your computations. Note: Three depreciation schedules must be prepared.
2. Which method tracks the wear and tear on the equipment most closely?
Answers
Final answer:
The straight-line method applies a consistent depreciation expense every year, the units-of-production method correlates depreciation with actual usage, and the double-declining-balance method accelerates depreciation. The units-of-production method tracks wear and tear on the equipment most closely.
Explanation:
Straight-Line Method:
Depreciation expense per year = (Cost - Residual value) / Useful life = ($33,000 - $6,000) / 4 = $6,750
Accumulated depreciation per year = Depreciation expense × Number of years
Book value per year = Cost - Accumulated depreciation
Units-of-Production Method:
Depreciation expense per hour = (Cost - Residual value) / Total estimated hours = ($33,000 - $6,000) / 6,750 = $3.26
Depreciation expense per year = Depreciation expense per hour × Number of hours operated
Accumulated depreciation per year = Sum of depreciation expenses each year
Book value per year = Cost - Accumulated depreciation
Double-Declining-Balance Method:
Depreciation expense = Book value at beginning of year × (2 / Useful life)
Accumulated depreciation per year = Sum of depreciation expenses each year
Book value per year = Cost - Accumulated depreciation
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Final answer:
The straight-line, units-of-production, and double-declining-balance depreciation methods result in different depreciation expenses which are based on the cost, salvage value, and usage of the equipment. The units-of-production method is the most accurate in tracking the wear and tear of the equipment as it considers the actual hours of operation.
Explanation:
The depreciation schedules for the three different methods; straight-line, units-of-production, and double-declining-balance, can be calculated as follows:
- Straight-line depreciation: It involves spreading the cost of the asset evenly over its useful life. The annual depreciation is calculated as (Cost - Salvage Value) / Useful Life. Here, it would be ($33,000 - $6,000) / 4 = $6,750 per year.
- Units-of-production depreciation: It involves depreciating the asset based on its usage or output. The depreciation per unit is calculated as (Cost - Salvage Value) / Total units of production. Here, it would be ($33,000 - $6,000) / 6,750 = $4 per hour. Multiply this rate by the number of hours each year to determine yearly depreciation.
- Double-declining balance depreciation: It involves depreciating the asset faster in the early years of its life. The annual depreciation is calculated as 2 * (Cost - Accumulated Depreciation) / Useful Life. Note that the salvage value is not considered in this calculation. But depreciation stops when the book value equals the salvage value.
The units-of-production method most accurately tracks the wear and tear on the equipment as it directly ties the depreciation expense to the hours of the equipment's operation.
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Answers
Answer:
Average revenue is greater than marginal cost when the monopolist is maximizing total profits or minimizes losses. Marginal revenue decreases as average revenue decreases.
Explanation:
A monopolist controls all of the markets for a particular good or service. A monopolist does not need to improve their product much because customers have no other alternatives.
In the case of pure monopoly, no close substitutes for the product exist and there is one seller.
Average revenue is greater than marginal cost when the monopolist is maximizing total profits or minimizes losses. Marginal revenue decreases as average revenue decreases.
Answers
Answer:
Income Smatement will increase by 27,000
Therefore to 13,000 net income from 15,000 net loss.
I would recommended.
Explanation:
We will calcualte the contribution per division and the opèrating income at division level. Then, we apply the common fixed cost and get the net income.
Increase of West division sales by 20%
350,000 x 20% = 70,000
70,000 x ( 1-40%) = 42,000 increase in contribution
less 15,000 adertizing cost: 27,000
Answer: (1) Divisional segmented margin East ($40,000) Central $80,000, West $35,000 (2) incremental profit $27,000 (b ) I would recommend the increased advertising because it would increase profit by $27,000
Explanation:
East. Central. West. Total
Sales 250,000. 400,000. 350,000. 1,000,000
Less:variable
Expenses 130,000. 120,000. 140,000. 390,000
---------------- ------------------ ------------------- -------------------
Contribution
Margin. 120,000. 280,000. 210,000. 610,000
Traceable fixed
Expenses. 160,000. 200,000. 175,000. 535,000
Divisional
Segmented margin (40,000) 80,000. 35,000. 75,000
Common fixed
Expenses not traceable to
Division. - - - 90,000
Net operating income (loss) - - - (15,000)
Working of common fixed expenses not traceable to division
Fixed Expenses - Total traceable fixed expenses
625,000 - 535,000 = 90,000
(2)
Incremental contribution (0.2 × 210,000) 42,000
Less : Fixed cost. 15,000
-----------------
Incremental profit. 27,000
-------------------
(b) I would recommend the increased advertising because it would increase profit by $27,000