Claire borrows $100,000 for a home mortgage with monthly payments. The mortgage is for 10 years at 3.15% interest. The total interest that Claire will pay over the life of the loan is $16,706.
How to calculate the total interest on a mortgage?
Mortgage amount = $100,000
Interest rate = 3.15%
Loan term = 10 years (120 months)
Monthly payment = ?
The formula to calculate the monthly payment on a mortgage is:
P = L[c(1 + c)n]/[(1 + c)n - 1]
Where,
P = Monthly payment
L = Loan amount
c = Monthly interest rate
n = Loan term in months
Substitute the values in the formula to calculate the monthly payment.
P = 100000 [ 0.002625 ( 1 + 0.002625 )^120 ] / [ ( 1 + 0.002625)^120 - 1]
= $978.31
Therefore, the monthly payment that Claire needs to make for her mortgage is $978.31.
The formula to calculate the total interest on a mortgage is:
Total interest = Total payment - Loan amount
Where,
Total payment = Monthly payment x Number of payments
Substitute the values in the formula to calculate the total interest.
Total payment = 978.31 x 120
= $117,397.20
Total interest = 117,397.20 - 100,000
= $16,706
Therefore, the total interest that Claire will pay over the life of the loan is $16,706.
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In consumption of product Edgeworth box, a position on the contract curve
No, the contract line in Edgeworth's box is not always the diagonal of the box even if consumer preferences are the same, but there is no need to be indifferent between the two goods.
The diagonal of the Edgeworth box represents an even distribution of two goods between two individuals, where each individual receives an equal share of the two goods.
This allocation takes effect only if the preferences of the two individuals are identical and if their initial assets for the two goods are also equal. In this case, the diagonal of the box will represent the contract curve.
However, if the preferences of two individuals are identical but their initial assets for the two goods are different, then the contract curve will not be the diagonal of the box.
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Complete Question
Is the contract curve the diagonal of the Edgeworth Box if and only if the consumer's preferences are identical, but need not be indifferent between the two goods?
service contracts on vehicles usually are wise financial decisions. group startstrue or falsetrue, unselectedfalse, unselected
The statement "Service contracts on vehicles usually are wise financial decisions" is true.
A service contract can help protect you from unexpected and potentially costly repairs that occur after the manufacturer's warranty has expired.
It can also provide access to 24/7 roadside assistance and towing, allowing you to have the peace of mind that you are covered if your vehicle experiences an issue.
Service contracts are usually a wise financial decision since they can save you money in the long term while also providing peace of mind.
When purchasing a service contract, keep in mind that it must be carefully reviewed and examined for clarity, fees, and the amount of coverage provided.
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kerry encounters far more objections in sales calls when she actually attempts to gain buyer commitment than at any other time. this pattern suggests that she: group of answer choices should focus on providing better after-sale services. may be omitting significant selling points in her presentation. is creating an excessive level of interest in new prospects. is doing a good job, since this is a normal pattern. is asking too many questions during her presentation.
Kerry encounters far more objections in sales calls when she actually attempts to gain buyer commitment than at any other time. this pattern suggests that she may be omitting significant selling points in het presentation. The correct option is B.
What are the objections in sales?
Sales objections are the reasons prospects offer when they resist a salesperson's request for their commitment. Objections are the means by which prospects defend themselves against an overly aggressive sales pitch or when they are not yet convinced that a product or service is worth their money, time, or effort.
Sales commitment is when a prospect decides to make a purchase after receiving a sales pitch or presentation from a salesperson. A prospect's interest refers to the level of enthusiasm they have for a product or service as well as the level of attention they pay to a sales pitch or presentation.
When Kerry encounters more objections during the sales calls when she tries to gain buyer commitment than at any other time, it suggests that she may be omitting significant selling points in her presentation.
This could imply that Kerry is either omitting these selling points or that her presentation is not engaging enough to convince the prospects of the product's value.
Therefore, the correct option is B.
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has been contracted to build an addition on the joyners' house. it built half of the addition and then unexpectedly announced that it was not going to finish the job. such a desertion of work is called:
A desertion of work is called breach of contract. When a company is contracted to build an addition on the Joyner's house and fails to complete the job, they have breached the contract and must be held accountable for the unfinished work.
In a breach of contract situation, the contracting parties have a responsibility to mitigate the damages caused by the breach. The Joyner's may be able to recover some or all of the money that was paid to the contractor as well as other costs incurred from the breach.
Depending on the circumstances, the contractor may also be responsible for other losses, such as the cost to hire a new contractor to finish the job.
It is important to always have a written contract in place before starting any project, and to ensure that both parties understand and agree to all the terms and conditions of the contract.
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true or false: a firm with a primary objective of very high sales growth will have the same pricing strategy as a firm with a primary objective of being a quality leader.
The given statement, "a firm with a primary objective of very high sales growth will have the same pricing strategy as a firm with a primary objective of being a quality leader," is false (F) because a firm with a primary objective of very high sales growth may prioritize lower prices to drive sales.
While a firm with a primary objective of being a quality leader may prioritize higher prices to reflect the perceived value of their products or services.
Although both firms may be focused on growth, their strategies will likely differ based on their priorities. A firm focused on high sales growth may prioritize market share and may choose to keep prices low to drive sales volume. On the other hand, a firm focused on being a quality leader may prioritize differentiation and may choose to charge higher prices to reflect the higher perceived value of their products or services.
Ultimately, the pricing strategy will depend on the firm's overall goals and the market environment in which it operates.
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The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Northview Company as they appear on the company’s adjusted trial balance.
Accounts Payable $18,000
Accounts Receivable 30,000
Inventory 23,800
Advertising Expense 21,500
Cost of Goods Sold 165,000
Delivery Expense 7,900
Income Tax Expense 3,700
Insurance Expense 1,000
Rent Expense 19,600
Sales Revenue 350,000
Sales Discounts 9,100
Sales Returns & Allowances 47,500
Gross profit would be _____
The Income from operations would be $67,600. The Formula of income from operations is = gross profit - working costs.
For this situation, When the income from operations = EBIT, it isn't generally that way since EBIT incorporates non-working income, however for this situation, this doesn't exist.
Deals Income 320,000
Less - Deals Limits 9,400
Less - Deals Returns and Remittances 43,000
The Net deals is = 267,600
Less - Cost of Goods Sold 153,000
Then the gross profit is = 114,600
Less - Promoting Cost 20,000
Less - Conveyance Cost 7,600
Less - Insurance Cost 1,000
Less - Lease Cost 18,400
Subsequently, The Income from operations is = $67,600
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the complete question is:
The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Orange Company as they appear on the company’s adjusted trial balance.
Accounts Payable $ 8,000
Accounts Receivable 27,000
Inventory 23,200
Advertising Expense 20,000
Cost of Goods Sold 153,000
Delivery Expense 7,600
Income Tax Expense 4,000
Insurance Expense 1,000
Rent Expense 18,400
Sales Revenue 320,000
Sales Discounts 9,400
Sales Returns & Allowances 43,000
Income from Operations would be:
true or false: the bottleneck is the resource with the longest processing time. true false question. true false
The statement that "the bottleneck is the resource with the longest processing time" is false.
What is a bottleneck?
A bottleneck is a process where the flow of materials, information, or other resources is restricted, resulting in delays and slow production times. Often, one or more resources in a production process, such as workers or equipment, become overburdened or overwhelmed, leading to delays and decreased efficiency.
The bottleneck is not the resource with the longest processing time, but rather the resource that limits the overall flow of the process. The help with the longest processing time may or may not be the bottleneck, depending on other factors that are affecting the process. For example, if there is another resource that is frequently idle, then it may be possible to shift some of the work from the bottleneck to that resource, increasing overall efficiency.
Therefore, the given statement is false.
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Caroline owns a real estate rental activity that produces a loss of $65,000 during the current year.
Complete the statement below regarding the circumstances that would allow Caroline treat the entire loss as nonpassive.
If Caroline is a real estate professional who performs more than [____] hours of service in the real estate rental activity as a participant and that participation constitutes half of her personal services for the year, she can treat the entire $65,000 as nonpassive.
If Caroline is a real estate professional who performs more than 750 hours of service in the real estate rental activity as a participant and that participation constitutes half of her services for the year, she can treat the entire $65,000 as nonpassive.
Real estate refers to property in the form of land and all that is permanently connected to it, including buildings, fences, and other items attached to the structure. Real estate can be classified into several categories. It is also referred to as property or immovable property.
Personal services are a range of services provided by a person or company to assist individuals in meeting their personal needs. Personal services are frequently provided to assist people in their everyday lives, such as house cleaning, landscaping, child care, and personal grooming, among other things. Personal services are frequently non-taxable to the individual who receives them, however, they may be taxable to the provider.
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The following information is for Punta Company for July: a. Factory overhead costs were applied to jobs at the predetermined rate of
$44.00
per labor hour. Job S incurred 6,190 labor hours; Job T used 4,290 labor hours. b. Job S was shipped to customers during July. c. Job T was still in process at the end of July. d. The overapplied or underapplied overhead to the Cost of Goods Sold account was closed at the end of July. e. Factory utilities, factory depreciation, and factory insurance incurred are summarized as follows: Utilities $14,700
Depreciation 45,750
Insurance 18,300
Total $78,750
f. Direct materials and indirect materials used are as follows:
Jobs S Job T Total
Material A $29,250 $72,000 $101,250
Material B 17,450 35,450 47,900
Subtotal $41,700 $107,450 $ 149,150
Indirect ,aterials 211,750
Total $360,900
g. Direct labor incurred for the two jobs and indirect labor are as follows: Job S $57,000
Job T 46,500
Indirect labor 136,000
Total $239,500
Required: 1. Calculate the total manufacturing cost for Job S and Job T for July. (Round your intermediate calculations and final answers to 2 decimal places.) 2. Calculate the amount of overapplied or underapplied overhead and state whether the Cost of Goods Sold account will be increased or decreased by the adjustment.
Total manufacturing costs-Job S ____
Total manufacturing cost-Job T ____
Cost of goods sold ____
Total manufacturing costs: Job S: $371,060 and Job T: $342,710; Total applied overhead is $461,120; Cost of goods sold is $382,370 (underapplied overhead).
1. To calculate the total manufacturing cost for Job S and Job T for July, follow these steps:
Step 1: Calculate the applied overhead for each job.
Job S: 6,190 labor hours * $44 per labor hour = $272,360
Job T: 4,290 labor hours * $44 per labor hour = $188,760
Step 2: Add direct materials, direct labor, and applied overhead for each job.
Job S: $41,700 (direct materials) + $57,000 (direct labor) + $272,360 (applied overhead) = $371,060
Job T: $107,450 (direct materials) + $46,500 (direct labor) + $188,760 (applied overhead) = $342,710
Total manufacturing costs:
Job S: $371,060
Job T: $342,710
2. To calculate the amount of overapplied or underapplied overhead and determine the adjustment to the Cost of Goods Sold account, follow these steps:
Step 1: Calculate the total actual overhead costs.
Utilities: $14,700
Depreciation: $45,750
Insurance: $18,300
Total actual overhead: $78,750
Step 2: Calculate the total applied overhead.
Total applied overhead: $272,360 (Job S) + $188,760 (Job T) = $461,120
Step 3: Calculate the difference between total actual overhead and total applied overhead.
Overapplied or underapplied overhead: $78,750 (total actual overhead) - $461,120 (total applied overhead) = -$382,370
Since the overhead is underapplied (negative value), the Cost of Goods Sold account will be increased by the adjustment.
Cost of goods sold: $382,370 (underapplied overhead)
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how do institutions reduce uncertainty? choose one a) ethical contracting b)arm's-length transaction with third party enforcement. c)transaction costs. d)opportunism.
Uncertainty refers to epistemological situations that involve amiss or unknown information. Options a, b, c and d.
Institutions reduce uncertainty through ethical contracts, independent law enforcement connections, sale and occasion costs. This applies to prognostications of unborn events, formerly performed or unknown physical measures.
query arises in semi-observable or stochastic surroundings and also due to ignorance, shiftlessness, or both. This applies to prognostications of unborn events, formerly performed or unknown physical measures.
All measures have some degree of query, anyhow of perfection and delicacy. This is due to two factors, a limitation of the dimension instrument( methodical error) and the skill of the researcher making the measures( arbitrary error).
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question content area a statement of stockholders' equity reports the changes in stockholders' equity for a period of time. true false
The statement of stockholders 'equity reports the changes in stockholders' equity for a period of time is True.
This statement typically shows the beginning balance of stockholders' equity, any changes that occurred during the period (such as net income, dividends paid, and stock issuances), and the ending balance of stockholders' equity.
The statement of stockholders' equity is an important financial statement that is often included in a company's annual report or 10-K filing with the Securities and Exchange Commission (SEC). It provides useful information for investors and analysts to understand how a company's equity has changed over time and what factors have contributed to those changes.
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after an audit, the broker was charged with a violation of the federal fair housing act. what was the likely cause for the charge? inadequately signed handicapped parking places.
The Federal Fair Housing Act forbids discrimination on the basis of protected classifications like race, colour, religion, national origin, sex, disability, and familial status in the sale, rental, and financing of homes.
In accordance with the federal Fair Housing Acts of 1968, which of the following is exempt?Owner-occupied structures with a maximum of four units and single-family homes that are sold or rented directly by the owner, in very specific situations, are exempt from the Act.
Which of the following would be considered a fair housing legislation violation?HUD will zealously pursue enforcement proceedings against housing providers who refuse to rent or sell homes to persons on the basis of their race, colour, national origin, religion, sex, familial status, or handicap. This is against the law.
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the management effect in fixed income attribution analysis least likely includes: a. policy effect. b. analysis effect. c. rate anticipation effect. d. trading effect.
The management effect in fixed income attribution analysis least likely includes: Policy Effect. Policy Effect is defined as changes to the portfolio due to strategic investment decisions, such as changes in the portfolio's risk profile or expected return. Analysis Effect, Rate Anticipation Effect, and Trading Effect are all other types of effects that are likely to be included in fixed income attribution analysis.
The policy effect refers to the impact of the portfolio manager's decisions on the portfolio's overall performance. The analysis effect reflects the manager's ability to identify and select securities that outperform the benchmark. The rate anticipation effect measures the manager's success in anticipating changes in interest rates. Finally, the trading effect captures the manager's ability to generate excess returns through tactical trading decisions.
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Evaluate TWO factors within a cultural group that may have an impact on one's decision to become an entrepreneur.
Answer:
Attitudes towards risk-taking
Family and community support
Explanation:
Attitudes towards risk-taking: In some cultures, risk-taking is highly valued and seen as an essential part of entrepreneurship. In other cultures, risk-taking is viewed negatively, and individuals may be more risk-averse, preferring stable and predictable jobs. In cultures that emphasize risk-taking and entrepreneurship, individuals may be more likely to take the leap and start their own business.
Family and community support: Family and community support can also be critical factors in an individual's decision to become an entrepreneur. In some cultures, there is a strong emphasis on collective success and communal well-being. In these cultures, family and community members may be more willing to invest time, resources, and money in supporting an entrepreneur's venture. This support can provide a safety net and reduce the risks associated with entrepreneurship, making it a more attractive option. On the other hand, in cultures where individualism is highly valued, there may be less support for entrepreneurial endeavors, and individuals may need to rely more on their own resources and networks to get started.
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during what months does boulder have a water surplus? a water deficit? during what months does silver lake have a water surplus? a water deficit?
Boulder has a water surplus during the months of May, June, and July, and a water deficit during the months of August, September, and October.
Silver Lake has a water surplus during the months of November, December, and January, and a water deficit during the months of May, June, and July.
During what months does Boulder have a water surplus?Boulder has a water surplus during the months of May, June, and July. These months are the wettest months in the area, with the most precipitation. The rest of the year, Boulder experiences a water deficit, which means that it does not receive enough water to meet the demand for water.
During what months does Boulder have a water deficit?Boulder has a water deficit during the months of August, September, and October. During these months, the area receives very little precipitation, which is not enough to meet the water needs of the area.
During what months does Silver Lake have a water surplus?Silver Lake has a water surplus during the months of November, December, and January. These are the months when the lake receives the most precipitation, which leads to a surplus of water. During these months, it is important for the lake to release some of the water, to prevent it from overflowing and causing flooding.
During what months does Silver Lake have a water deficit?Silver Lake has a water deficit during the months of May, June, and July. During these months, the lake receives very little precipitation, which means that it is not able to replenish the water that it loses. This can lead to a shortage of water in the lake, which can have negative effects on the ecosystem and the people
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at an annual interest rate of 10 percent, about how many years will it take $100 to double in value?
At an annual interest rate of 10 percent, it will take approximately 7.2 years for $100 to double in value.
To calculate the number of years it will take $100 to double in value at an annual interest rate of 10 percent, we can use the rule of 72. The rule of 72 states that to estimate the number of years it will take to double an investment, divide 72 by the annual interest rate. In this case, dividing 72 by 10 gives us a result of 7.2. This means it will take approximately 7.2 years for $100 to double in value at an annual interest rate of 10 percent.
The rule of 72 is a useful tool for quickly estimating the time it will take for an investment to double in value. However, it is important to note that it is only an estimate and may not be entirely accurate.
It is also important to consider that interest rates may fluctuate over time, which can affect the time it takes for an investment to double in value. Additionally, other factors such as inflation and fees may also impact the growth of an investment.
In summary, at an annual interest rate of 10 percent, it will take approximately 7.2 years for $100 to double in value. However, it is important to remember that this is only an estimate and may not be entirely accurate due to various factors that can impact investment growth.
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a period of real economic growth, where production and employment are both moving higher is known as: answer unselected recession. unselected contraction. unselected expansion.
A period of real economic growth, where production and employment are both moving higher is known as Expansion.
Expansion is a stage in the business cycle where the economy is expanding, resulting in an increase in economic activity. Production, employment, income, and sales all increase during this period of time. As a result, expansion is often referred to as a period of economic growth. Economic growth is a measurement of a country's economic development. It refers to the amount of growth in the economy's real output, i.e., goods and services generated. A good example of economic growth is China's rapid economic expansion, which has catapulted the country to the second-largest economy globally.
Real economic growth can be measured in terms of Gross Domestic Product (GDP), which represents the total value of all goods and services produced in a country over a given period of time. GDP is frequently used to determine a country's economic strength and is frequently used to compare one country's economy to another's.
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the constitution of the united states expressly forbids group of answer choices import tariffs export tariffs import quotas export quotas
The constitution of the United States expressly forbids import tariffs, export tariffs, import quotas, and export quotas.
It has been one of the fundamental guiding principles of the United States trade policy to protect its citizens and the nation from unfair foreign trade practice's.
The Constitution of the United States of America is the supreme law of the land, and it was adopted on September 17, 1787, by the Constitutional Convention in Philadelphia, Pennsylvania.
The Constitution establishes the framework of the Federal government, which is divided into three branches, namely the legislative branch, the executive branch, and the judicial branch.
Why does the Constitution of the United States expressly forbids import tariffs, export tariffs, import quotas, and export quotas?The Constitution of the United States expressly forbids import tariffs, export tariffs, import quotas, and export quotas to protect the US citizens from unfair foreign trade practices.
These are used by countries to protect their domestic industries by imposing trade barriers, which limit imports and exports.
The US Constitution is a foundation of the American system of government, which provides a framework for the rights of the people and the limits of the power of the government.
The US government recognizes the importance of trade, and it has a long history of working to promote free trade, both domestically and internationally.
Free trade promotes economic growth, job creation, and increased standards of living for people in the United States and around the world.
The US Constitution does not prohibit international trade or restrict the government from implementing trade policies. Instead, the Constitution establishes the framework for the government to regulate foreign commerce to promote the general welfare of the country.
It is important to note that the US Constitution does not expressly prohibit the use of tariffs or quotas, but it does require that they are implemented in a manner that is consistent with the principles of free trade and fair competition.
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which of the following parties is not permitted to purchase an ipo? a) employee of an insurance company b) bank holding company manager c) telemarketer for a bank website d) portfolio manager of a mutual fund for his personal account
A telemarketer for a bank website is not permitted to purchase an IPO. The other three parties - employee of an insurance company, bank holding company manager, and portfolio manager of a mutual fund for his personal account - are all permitted to purchase an IPO.
Portfolio managers of mutual funds, including those who manage their personal accounts, are generally prohibited from participating in IPOs because it could be perceived as a conflict of interest. They could use their position to benefit from insider knowledge or influence the company in which they are investing.On the other hand, employees of an insurance company, bank holding company managers, and telemarketers for a bank website are not automatically prohibited from purchasing IPOs. However, there may be restrictions or limitations based on their specific role and responsibilities within the company.
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hegg assume a firm generates $2,209 in sales and has a $326 increase in accounts receivable during an accounting period. based solely on this information, cash flow will increase by (enter your response as a whole number with no decimal places.)
The increase in cash flow for the accounting period will be $1,883.
Cash flow refers to the movement of money in and out of a business, organization, or individual's finances over a specific period of time. It is a crucial concept in financial management as it provides information about a person's or business's ability to generate cash and pay bills, debts, and expenses.
When a firm generates sales, it is initially recorded as an increase in accounts receivable on the balance sheet until the cash is received. Therefore, the increase in cash flow is calculated by subtracting the increase in accounts receivable ($326) from the sales amount ($2,209), resulting in an increase of $1,883 in cash flow.
In conclusion, the correct answer is: ''1,883''.
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elmer wants to install lowered light switches in his apartment so that he can reach them from his wheelchair. the landlord agrees but says that elmer must install them at his own expense. elmer argues that the landlord must pay for them. who is right?
Elmer is correct, as the installation of lowered light switches is an adaptation necessary for accessibility purposes. The landlord is legally required to make accommodations for accessibility, and this cost cannot be transferred to the tenant. Expense for the installation should be paid for by the landlord.
The answer to the question is; The landlord is right. Elmer has to install lowered light switches at his own expense.Lowered light switches are specially designed for the people who use wheelchairs or have a short height. These light switches are installed at a low height so that they can be easily accessible to wheelchair users or people with a short height. They are usually used to replace traditional light switches so that the person with a disability can turn on and off the lights on their own.
The Americans with Disabilities Act (ADA) is a federal law that prohibits discrimination against individuals with disabilities. According to the ADA, landlords are required to make reasonable accommodations for tenants with disabilities. However, the law also states that the cost of making these accommodations can be passed on to the tenant if they are deemed unreasonable.
In this case, the installation of lowered light switches may be considered a reasonable accommodation, but the cost may be deemed unreasonable for the landlord to cover.Therefore, the landlord is right that Elmer has to install lowered light switches at his own expense.
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a company uses a perpetual inventory system. how should the company record the return of inventory previously purchased on account for $200?
When a company that uses a perpetual inventory system wishes to record the return of previously purchased inventory on account for $200, they must do so through an accounts payable journal entry.
The inventory account is debited to reduce the amount of inventory on hand. When a company that uses a perpetual inventory system wishes to record the return of previously purchased inventory on account for $200, they must do so through an accounts payable journal entry.
The perpetual inventory system is a method of accounting for inventory that is kept on hand at all times. It is used to keep track of inventory levels in real-time. In a perpetual inventory system, inventory accounts are debited or credited in real-time as inventory is bought, sold, or returned to the supplier. When inventory is returned, the accounts payable account is credited with the amount of the inventory returned.
An accounts payable journal entry is created to record the return.To create an accounts payable journal entry, use the following format:Account Title Debit Credit Accounts Payable $200 Inventory $200The accounts payable account is credited because the company will not have to pay for the returned inventory. The inventory account is debited to reduce the amount of inventory on hand.
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under a defined-contribution plan, your employer alone or you and your employer together contribute directly to an individual account set aside specifically for you. group of answer choices true false
The statement 'under a defined-contribution plan, your employer alone or you and your employer together contribute directly to an individual account set aside specifically for you' is True because these contributions, usually in the form of cash, are based on the employee's compensation.
The employer's contribution is usually in the form of a match of the employee's contribution up to a certain percentage. The funds in the account are typically invested in securities, such as stocks and bonds.
The employee is responsible for making investment decisions and is also subject to the associated risks of these investments. Upon retirement, the employee can withdraw funds from their individual account, or they may opt to keep the money in the account and take distributions over a period of time.
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a price cut will increase the total revenue a firm receives if the demand for its product is: group of answer choices unit elastic. unit inelastic. elastic. inelastic.
The total revenue a firm will receive after a price cut depends on the elasticity of demand for the product. If the demand is unit elastic, then the total revenue will remain the same after the price cut. If the demand is unit inelastic, then the total revenue will increase after the price cut. If the demand is elastic, then the total revenue will decrease after the price cut. Finally, if the demand is inelastic, then the total revenue will increase after the price cut.
Elasticity of demand is a measure of how responsive the demand for a good or service is to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. If the quantity demanded changes significantly in response to a small change in price, the demand is said to be elastic. If the quantity demanded changes only slightly in response to a large change in price, the demand is said to be inelastic. Elastic demand means that consumers are sensitive to changes in price, and a small increase in price leads to a significant decrease in the quantity demanded. Inelastic demand means that consumers are not very sensitive to changes in price, and even a large increase in price leads to only a small decrease in the quantity demanded.
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mcafee sells a subscription to its antivirus software along with a subscription renewal option that allows renewal at half the prevailing price for a new subscription. how many performance obligations exist in this contract?
Two. There will be two performance obligations that will exist in this contract by Mcafee based on the given information.
An agreement between two private parties that establishes mutual legal obligations. A contract can be concluded orally or in writing. However, verbal agreements are difficult to enforce and should be avoided whenever possible.
Some contracts must be written in order to be valid. B. High value contracts ($500 USD or more). Contracts are part of everyday life in all situations. Therefore, it is important to understand the rules that apply to them and make sure you have a valid contract.
A party is in breach of contract if it fails to comply with its legal obligations under the contract. If one party breaches the contract, the other party will suffer financial losses.
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there are a significant number of differences between sport marketing and regular marketing, though both use the four ps. name and explain three differences.
There are several differences between sport marketing and regular marketing, even though both use the four PS, which are audience, tactics, and goals.
The Explanation to EachAudience: The primary audience for sport marketing is usually younger and more diverse than a typical marketing audience.Tactics: The tactics used in sport marketing often involve creating an emotional connection with the fans, while regular marketing tactics are more focused on generating sales.Goals: Sport marketing is often used to build brand awareness, while regular marketing has the goal of generating sales or increasing market share.Sport marketing is unique in that fans have an emotional attachment to their favorite teams and players, making it necessary to appeal to emotions and experiences rather than just product features. Experiential marketing, such as game-day activities and fan events, is crucial for creating a memorable experience for fans. Sponsorships and partnerships are also crucial for generating revenue in sport marketing, as they provide a way for teams to generate income and increase brand recognition through association with popular brands and athletes.
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all else equal, a 20% increase in the aggregate price level will increase the quantity of money demanded by: a 20%. b 20% of the money multiplier. c half the money multiplier. d 10%. e the money multiplier.
The correct option is C, All else equal, a 20% increase in the aggregate price level will increase the quantity of money demanded by half the money multiplier.
A money multiplier is one of many closely related ratios of commercial bank money to central bank money (also known as the monetary base) in a fractional-reserve banking system, according to monetary economics. The money multiplier, often known as the real ratio of money to central bank money, is lower because some money is used as currency by the general people outside of banks. Moreover, banks may have surplus reserves, or reserves that are in excess of the central bank's reserve requirements.
The multiplier in the first (statistical) sense fluctuates continuously based on changes in central bank and commercial bank money (though it is only the theoretical multiplier), whereas the multiplier in the second (legal) sense depends only on the reserve ratio and is therefore unaffected by changes in the law.
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Complete Question: -
All else equal, a 20% increase in the aggregate price level will increase the quantity of money demanded by:
a the money multiplier
b 10%.
c half the money multiplier.
d. 20%.
for a fast food restaurant, which of the following is not an operations function? creating radio advertisements scheduling line cooks to work in the kitchen taking customer orders ordering frozen burger patties from a supplier
For a fast food restaurant, the creating radio advertisements is not an operations function.
Operations functions for a fast food restaurant include taking customer orders, ordering frozen burger patties from a supplier, and scheduling line cooks to work in the kitchen.
In conclution, creating radio advertisements is not an operations function for a fast food restaurant. Operations functions help ensure that the restaurant runs smoothly and efficiently, and can help improve overall customer satisfaction.
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if the company has 475,000 shares outstanding and the stock currently sells for $41, how much will it cost you to buy a seat if the company uses straight voting?
In the following question, if the company has 475,000 shares outstanding and the stock currently sells for $41, The cost of buying a seat if the company uses straight voting is $19,475,000
The number of outstanding shares= 475,000
The price of each share = $41
Number of votes required to win a board seat= 1
We have to find the cost to buy a seat if the company uses straight voting. For this, we need to calculate the percentage of the share owned and the price of the share owned by the person.
PART 1:To win a board seat, the number of votes required= 1So, a person needs to have a minimum of 475,001 shares to win a board seat.
PART 2:So, we need to calculate the cost to buy 475,001 shares at the current market price.
Cost of buying one share = $41
Cost of buying 475,001
shares= $41 x 475,001 = $19,475,041
Therefore, the cost of buying a seat if the company uses straight voting is $19,475,000.
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which of the following is not essential for the successful implementation of an abc system? multiple choice question. a cross-functional team should be created to design and implement the abc system. top managers must support the abc system. top managers must design the abc system. top managers should ensure that abc data is linked to how employees are evaluated and rewarded.
The option that is not essential for the successful implementation of an ABC system is that "top managers must design the ABC system."
This is because while top management support is critical in implementing an ABC system, they do not have to be the ones to design it. This question is a multiple-choice question, and the options include:A cross-functional team should be created to design and implement the ABC system.
Top managers must support the ABC system.Top managers must design the ABC system.Top managers should ensure that ABC data is linked to how employees are evaluated and rewarded.The implementation of an ABC system requires teamwork, and so the cross-functional team should be created to design and implement the ABC system.
The team will include members from different departments who will work together to develop the system.Top management support is essential in implementing the ABC system. Their support shows that the project is a priority and can help convince other employees to adopt the new system.
The option stating that "top managers should ensure that ABC data is linked to how employees are evaluated and rewarded" is necessary since the ABC system allows for more accurate cost accounting and should impact how employees are evaluated and rewarded.
Therefore, the option that is not essential for the successful implementation of an ABC system is that "top managers must design the ABC system."