Under a traditional costing system that allocates overhead on the basis of direct labor-hours, the materials handling costs allocated to one unit of specialty windows would be $20.
Let's say that it takes 4 hours of direct labor to produce one unit of specialty windows, and the total materials handling costs for the production period are $10,000. If the total direct labor-hours for the production period are 2,000, we can calculate the predetermined overhead rate as follows:
Predetermined overhead rate = Total overhead costs / Total direct labor-hours
Predetermined overhead rate = $10,000 / 2,000 hours
Predetermined overhead rate = $5 per direct labor-hour
To allocate the materials handling costs to one unit of specialty windows, we multiply the predetermined overhead rate by the number of direct labor-hours required for one unit:
Materials handling costs allocated to one unit = Predetermined overhead rate x Direct labor-hours per unit
Materials handling costs allocated to one unit = $5 x 4 hours
Materials handling costs allocated to one unit = $20
Therefore, under a traditional costing system that allocates overhead on the basis of direct labor-hours, the materials handling costs allocated to one unit of specialty windows would be $20.
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lenders that do not securitize the mortgage loans they originate but retain the loans on their books are referred to as
Lenders that do not securitize the mortgage loans they originate but retain the loans on their books are referred to as portfolio lenders.
What are Portfolio lenders?
A portfolio lender is a lender who offers loans that are kept on the lender's balance sheet rather than being sold to the secondary market. This type of lender typically lends only to individuals who fit a certain set of criteria, such as those with excellent credit or a low loan-to-value (LTV) ratio on their property.
In other words, Portfolio lenders hold the mortgage loans they issue rather than selling them to a third party, thereby generating a consistent flow of interest income for themselves. Lenders that hold onto loans as part of their investment portfolio are called portfolio lenders.
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merchandise with a sales price of $2,200 is sold on account with terms 2/10, n/30. the entry to journalize the sale under the net method would include a
The journal entry for merchandise with a sales price of $2,200 sold on account with terms 2/10, n/30 under the net method would include the following:DateAccount TitlesDebitCreditMerchandise inventory$2,200Accounts receivable$2,200[OR]Accounts receivable$2,156Cash$2,116Sales discounts$44Sales$2,200Under the net method, discounts are only available to customers who pay their invoices within the discount period.
For example, if the customer pays the invoice within ten days, they get a 2% discount. Otherwise, they must pay the full amount within thirty days. The entry to record the sale of $2,200 is as follows:Debit Accounts Receivable $2,200Credit Sales $2,200If the customer pays within ten days, they would be eligible for a discount of $44 (2% of $2,200).The payment for this purchase would then be recorded as follows:Debit Cash $2,156Credit Accounts Receivable $2,156The amount paid of $2,156 is equal to the total sale price ($2,200) less the discount ($44). Alternatively, the second journal entry can be written as follows:Debit Accounts Receivable $2,200Credit Cash $2,156Credit Sales Discounts $44When the customer pays the full amount within the discount period, the entry would be:Debit Cash $2,156Debit Sales Discounts $44Credit Accounts Receivable $2,200.
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multiple choice question recognizing individuals at all levels of the organization as team members whose views and judgments are valued by top management is an advantage of blank . multiple choice question. self-imposed budgeting a sales budget responsibility accounting continuous budgeting
Recognizing individuals at all levels of the organization as team members whose views and judgments are valued by top management is an advantage of responsibility accounting.
In responsibility accounting, each manager is held accountable for their decisions, fostering a sense of ownership and collaboration throughout the organization.
By recognizing individuals at all levels of the organization as team members whose views and judgments are valued by top management, it promotes responsibility accounting, which is an advantage of this approach. It also helps to improve communication and collaboration among team members, which can lead to increased productivity and better decision-making.
therefore, Recognizing individuals at all levels of the organization as team members whose views and judgments are valued by top management is an advantage of responsibility accounting.
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in the last week of december, the local retail store ran an ad to announce they were selling all their holiday decor at half price. this advertisement is an example of
This advertisement is an example of a sales promotion. Sales promotions are incentives designed to attract customers and boost sales. They are typically used to stimulate immediate sales, or to increase foot traffic to stores and websites.
The advertisement by the local retail store announcing the sale of all their holiday decor at half price during the last week of December is an example of a sales promotion. A sales promotion is a marketing strategy aimed at stimulating sales or promoting a product by offering discounts, deals, or other incentives for a limited time. In this case, the store is offering a discount on its holiday decor to entice customers to make purchases during the holiday season.
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When conducting a survey about choosing vacation destinations, Hillary will need to __________ in order to get reluctant respondents to provide honest information.
When conducting a survey about choosing vacation destinations, Hillary will need to build rapport in order to get reluctant respondents to provide honest information.
What is rapport?Rapport is a feeling of mutual trust and understanding that develops when people communicate with each other effectively. In the case of surveys, building rapport with respondents entails establishing a relationship of trust and mutual respect, which is essential for obtaining truthful responses.
When conducting a survey, it is critical to be skilled in building rapport with respondents. The following are some strategies for building rapport when conducting a survey:
Begin by introducing yourself and thanking the respondent for participating in the survey. Ask open-ended questions that encourage respondents to share their experiences and thoughts. Avoid interrupting or cutting off the respondent in the middle of their answers.
Phrase your questions in a way that makes respondents feel comfortable. Avoid using jargon or technical terms that respondents may not understand. Actively listen to the respondents' responses. Respond with empathy when a respondent discusses sensitive topics.
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______ is a type of manufacturing process used to make a wide variety of highly customized products in quantities as small as one
Additive manufacturing is a type of manufacturing process used to make a wide variety of highly customized products in quantities as small as one.
Additive manufacturing is the process of creating an object by laying down one layer at a time. 3D printing is the most well-known form of additive manufacturing. The method entails using a computer-aided design (CAD) software to create a 3D model. A 3D printer then reads the design and produces a three-dimensional object. The machines are essentially robots that can create a single part or a complete assembly of parts.
These methods have the potential to develop products of exceptional complexity that would be impossible or difficult to make by traditional manufacturing processes. Additive manufacturing is a method that has been used to manufacture highly customized products in quantities as small as one. The items are manufactured from the ground up, layer by layer. Because of the decreased labor and material expenses, additive manufacturing is often faster and less expensive than traditional manufacturing processes.
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though no conflict handling style is perfect, which style seems to be the most effective in many different situations?
The most effective conflict handling style in many different situations is problem-solving. This style focuses on the issues and works towards finding a mutually acceptable solution.
Problem-solving requires understanding and cooperation from both parties and encourages each person to express their opinion and feelings. It also allows the parties to identify and focus on the problem at hand and brainstorm potential solutions together.
It also allows for the expression of opinions and feelings from both parties, allowing for the creation of mutually beneficial solutions. With this approach, both sides can work together to find a resolution to their conflict in an effective, positive manner.
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what forces are driving change in this market for streamed entertainment? are the combined impacts of these driving forces likely to be favorable or unfavorable in terms of their effects on competitive intensity and future industry profitability?
The market for streaming entertainment is being driven by changes in consumer preferences, technological advancements, and content creation.
Given that market businesses must invest in innovation and differentiation to meet shifting consumer demands and stay relevant, the combined effects are likely to increase competitive intensity and decrease profitability. The streaming entertainment business is continually expanding owing to numerous driving reasons, including technology improvements that enable new distribution channels and better user experiences. Shifting consumer preferences also play a big influence, as viewers seek even more customised and engaging content. Also, the increased focus on original content development by streaming services creates greater competition and a demand for distinction. Due to corporations' efforts to remain relevant and draw viewers, these dynamics are likely to result in a rise in the level of competition. Yet, this also involves more expenditure in innovation and content generation, which might affect profitability.
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prescott bank offers you a $30,000, 6-year term loan at 10 percent annual interest. what will your annual loan payment be?
The annual loan payment for a $30,000 loan at 10% interest over 6 years is $5,584.40.
Formula:
P = Payment Amount
A = Loan Amount
i = Interest Rate
n = Number of Periods
P = A x i x (1+i)^n / [(1+i)^n-1]
P = $30,000 x 0.10 x (1+0.10)^6 / [(1+0.10)^6 - 1]
P = $5,584.40
The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage. The APR is a broader measure of the cost to you of borrowing money since it reflects not only the interest rate but also the fees that you have to pay to get the loan.
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fatuma invests a total of $28,000 in two accounts paying 12% and 9% annual interest, respectively. how much was invested in each account if, after one year, the total interest was $3,015.00.
Fatuma invested $16,500 in the 12% account and $11,500 in the 9% account.
Fatuma invests a total of $28,000 in two accounts that pay 12% and 9% annual interest, respectively. The total interest she earned after one year was $3,015.
Determine how much she invested in each account.Let us first assign variables for the two accounts. Let x be the amount of money invested in the 12% account, and y be the amount invested in the 9% account.Then we can use the following system of linear equations to represent the problem:x + y = 28000 (the total amount invested is $28,000)x(0.12) + y(0.09) = 3015 (the total interest earned is $3,015)
To solve for x and y, we can use the substitution method. Solving the first equation for x gives us:x = 28000 - ySubstituting this into the second equation, we get:(28000 - y)(0.12) + y(0.09) = 3015Simplifying, we have:3360 - 0.12y + 0.09y = 3015Collecting like terms:0.03y = 345Dividing by 0.03, we get:y = 11500This means Fatuma invested $11,500 in the 9% account.
To find how much she invested in the 12% account, we can substitute y = 11500 into either of the original equations. Using x + y = 28000:x + 11500 = 28000x = 16500Fatuma invested $16,500 in the 12% account and $11,500 in the 9% account.
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the massage chairs at courtney's beauty salon are worth less now than they were last year. this loss of value is
The massage chairs at Courtney's beauty salon are worth less now than they were last year. This loss of value is due to the depreciation of assets.
What is Depreciation?Depreciation is a measure of the decrease in the useful life of an asset due to natural wear and tear, obsolescence, or physical deterioration. When an asset is purchased, its initial cost is known as the book value. Every year, as the asset depreciates, its book value decreases.
The initial cost of an asset decreases each year due to depreciation, which is a measure of the asset's loss in usefulness due to physical deterioration, obsolescence, or normal wear and tear. Every year, as the asset depreciates, its book value decreases.
Depreciation may be calculated using a variety of methods, including the straight-line, double-declining balance, and units-of-production methods, among others.
The depreciation rate is calculated using the formula Depreciation Rate = (Cost of Asset - Salvage Value) / Useful Life of Asset.
The useful life of an asset refers to the length of time during which it is anticipated to be useful before it becomes obsolete, wears out, or is replaced by another asset.
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use a level strategy with overtime, (and if the firm does not pay undertime), what is the total cost of the staffing plan?
Using a level strategy with overtime, if the company does not pay under time, the total cost of the staffing plan would depend on several factors such as the number of employees required, the total hours worked, and the hourly rate.
How to calculate the Total cost of the staffing plan?
Total Cost of the Staffing Plan = (Total Regular Time Worked * Hourly Rate) + (Total Overtime Worked * Hourly Rate * Overtime Premium)
Where, Total Regular Time Worked = Total Hours Worked - Total Overtime Worked
Overtime Premium = Overtime Rate / Hourly Rate
To understand the total cost of the staffing plan, it's important to understand the terms used in the formula, which are:
1. Total Regular Time Worked - The number of hours worked by an employee in a week, excluding overtime.
2. Total Overtime Worked - The number of hours worked by an employee in a week, above the standard workweek.
3. Hourly Rate - The standard hourly rate paid to an employee.
4. Overtime Premium - The additional premium paid per hour for overtime.
5. Overtime Rate - The hourly rate paid for overtime.
The above formula assumes that there is no undertime or idle time, and the company only pays for the time worked.
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purchasing a product from a wholesale club would be an example of which way to reduce ap price while value is increased?
Purchasing a product from a wholesale club would be an example of purchasing in bulk.
Purchasing in bulk can be regarded as one of the most effective ways to minimize cost while maintaining value. This method is mostly used in wholesale clubs, where buyers may purchase products in bulk to save money.
In a wholesale club, consumers may acquire big amounts of items at a lower price than if they bought each item separately. As a result, if a product is purchased in bulk, the price per unit will be less than if it were bought in smaller quantities.
This method helps to reduce the price while preserving quality or value. Therefore, purchasing a product from a wholesale club is a means to reduce price while value is increased by purchasing in bulk.
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Ervin equipment, a manufacturer of exercise and workout equipment for sale to institutions, uses job costing. The following transactions occurred in january: purchased $76,000 of materials. Paid $81,000 cash for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing shop. Issued $5,300 of supplies from the materials inventory. Issued $84,000 in direct materials to the production department. Incurred direct labor costs of $74,000, which were credited to wages payable. Paid for the materials purchased in transaction (1). Incurred $13,400 in indirect labor costs, which were credited to wages payable. Applied overhead on the basis of 155 percent of direct labor costs. Recognized depreciation on manufacturing property, plant, and equipment of $17,500. Returned $1,100 of the materials in transaction (3) to inventory. Paid the for the wages incurred in transaction (5). The following balances appeared in the accounts of ervin equipment for january: beginning ending materials inventory $ 28,300 ? work-in-process inventory 50,400 ? finished goods inventory 179,200 $ 113,000 cost of goods sold 245,600 required: prepare journal entries to record the transactions. Prepare t-accounts to show the flow of costs during the period from materials inventory through cost of goods sold
The journal entry of the Ervin equipment based on the given information provided alongside the t-account is as follows:
Journal entry.
Materials $76,000 (debit)
Trade Payable $76,000 (credit)
Manufacturing Account $5,300(debit)
Materials $5,300 (credit)
Cash $81,000 (credit)
Manufacturing Account $5,300 (debit)
Materials Account $5,300(credit)
Manufacturing Account $37,500 (debit)
Wages Payable$13,400 (credit)
Manufacturing Overheads $81,000 (debit)
Cash $81,000 (credit)
Applied overhead- ( 13,400*155%)= $20,770
Manufacturing Overhead - depreciation $17,500 (debit)
Accumulated Depreciation $17,500(credit)
T-Account
Work in process Material
Dr___________Cr____ DR ___________CR
50,400 ------ 28,300 -----
5,300 ----- 28,300 ---- 5,300
84,000 ----- 50,400 -- 84,000
13,400---
20,770---
Accounts payable Cash
Dr____________Cr_ DR ___________Cr
--- 28,300 ----28,300
----- 28,300 ----20,770
Factory overhead Wages payable
Dr ____________Cr Dr _____________Cr
20,770---
----- 13,400
17,500---
Applied factory overhead Accumulated depreciation
Dr_____________Cr Dr ___________Cr_
---- 20,770 ---17,500
Cost of goods sold Finished goods
Dr_____________Cr Dr ______________Cr
( open) 179,200---
--- 113,000 (end)
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gut bombs sandwich shop pays $5,000 a month in rent space and equipment. it pays each of its 10 workers $2,500 a month and spends an average of $5,000 on food. there are no other production costs. usually the shop sells 3,500 sandwiches per month for $10 each. the average variable cost per month per sandwich, rounded to the nearest penny, is . multiple choice question. $8.16 $8.57 $7.23 $7.85
The average variable cost per month per sandwich, rounded to the nearest penny, is $8.57.
The average variable cost per month per sandwich in Gut Bombs Sandwich Shop can be found by dividing the total variable costs by the total number of sandwiches produced. The total variable cost per month in Gut Bombs Sandwich Shop is the sum of all the variable costs, which include wages and salaries, food costs, and other expenses. Hence, let's find the sum of all the variable costs;
Variable cost = food + wages
= $5,000 + (10 × $2,500)
=$30,000
The average variable cost per month per sandwich is;
AVC = Total variable cost / total quantity produced
AVC = Total variable cost / total quantity produced
AVC = $30,0003/ 500
AVC = $8.57
Therefore, the average variable cost per month per sandwich is $8.57, which when rounded off to the nearest penny is $8.57. Thus, the correct option is B. $8.57.
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does japanese education contribute to the growth of the japanese economy? asia pacific business review
Yes, Japanese education contributes to the growth of the Japanese economy. Japan is one of the world's leading countries in the education sector, and the country has a high level of literacy, particularly in science and math.
The country's education system provides students with the necessary abilities to develop technical abilities, management expertise, and problem-solving abilities.
Japanese companies, particularly the automobile and technology sectors, have used these abilities to build successful and innovative goods. Sony, Panasonic, Toyota, and Honda, are just a few examples of companies that have been successful in producing and selling innovative and high-quality products.
Japan's investment in research and development has also contributed to the country's economic development by promoting innovation and technology transfer. The government and businesses of Japan understand the significance of educating their workforce and have been proactive in creating programs and initiatives that promote education and workforce development.
The Ministry of Education, Culture, Sports, Science, and Technology (MEXT) provides a range of initiatives that support education, research, and development in the country. Additionally, many Japanese firms have set up programs to support employee education and training to improve their competitiveness and productivity.
As a result, Japanese education contributes to the country's economic growth by providing its citizens with the necessary abilities to develop innovative products and services, as well as promoting research and development.
It is important to note that Japanese education system's emphasis on competitiveness and technical ability may not be appropriate for all countries, and each country should tailor its education system to meet its unique requirements.
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which of the following is a characteristic of an ldc? group of answer choices capital flight. vicious circle of poverty. lack of entrepreneurs. all of the answers are correct.
An LDC is a country that faces numerous challenges in terms of economic development, and characteristics such as capital flight, the vicious circle of poverty, and a lack of entrepreneurs are common. (option d).
To answer your question, among the given options, "d) all of the answers are correct" is the characteristic of an LDC. Let's discuss why.
Firstly, capital flight is a common occurrence in LDCs. It refers to the movement of financial capital from an LDC to a developed country, resulting in a loss of resources and investment opportunities.
Secondly, the vicious circle of poverty is another characteristic of LDCs. This refers to a situation where poverty begets poverty, and a lack of resources and opportunities results in low economic growth, poor education and healthcare, and social inequality.
Finally, LDCs often lack entrepreneurs, who are crucial for economic development. Entrepreneurs are individuals who take risks to start and manage new businesses, creating jobs and generating economic growth.
So, the correct option is (d).
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when setting objectives for a marketing program based on the dagmar approach, an objective that relates to comprehension is based on
An objective relating to comprehension is focused on giving the target audience a knowledge of the good or service being advertised while developing goals for a marketing programme using the DAGMAR .
What goals should the advertising objectives have in order to follow the Dagmar model proposed by Russell Colley?Moreover, Colley listed the qualities of a strong advertising aim, including: Advertising goals must be expressed in concrete, quantifiable communication activities. It must identify the target market. It must specify the desired change and set a baseline or benchmark against which results can be evaluated.
What constraints do Dagmar models have?DAGMAR has some issues and restrictions that need to be discussed. They consist of: issue with measurements.
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question 3a garden center wants to attract more customers. a data analyst in the marketing department suggests advertising in popular landscaping magazines. this is an example of what practice?
The practice suggested by the data analyst in the marketing department of advertising in popular landscaping magazines to attract more customers is an example of external marketing.
A data analyst is a professional who uses various analytical and statistical methods to collect, process, and interpret data, with the aim of drawing insights and making informed decisions. Their primary goal is to help businesses and organizations optimize their operations by identifying trends, patterns, and other important information from vast amounts of data.
Data analysts use various tools and software to clean, organize, and analyze data. They also create reports, charts, and visualizations to communicate their findings to stakeholders. Data analysts work in a variety of industries, including healthcare, finance, marketing, and technology. The demand for data analysts is growing rapidly, and it is a promising career path for those interested in working with data and making a meaningful impact in various industries.
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In the ________ type of retailing, customers usually find their own goods, although they can ask salespeople for assistance.A) self-service B) self-selection C) full-serviceD) limited service E) limited-selection
In the self-service type of retailing, customers usually find their own goods, although they can ask salespeople for assistance.
The term self-service refers to a retail model in which customers serve themselves, with no assistance from salespeople. In this type of retailing, customers are typically responsible for finding their own goods, selecting them, and then bringing them to the checkout counter for purchase.While salespeople are available in a self-service retail environment, their role is typically limited to answering questions and providing assistance when requested by customers. This model of retailing is often found in large stores such as supermarkets, where customers are expected to find their own products and navigate the aisles themselves.In contrast, full-service retailing typically involves salespeople who are available to help customers with their purchases. In this type of retailing, salespeople may provide advice, make recommendations, and even help customers select products. Examples of full-service retailing include high-end department stores and luxury boutiques.Limited-service and limited-selection retailing are two other models that are also worth mentioning. Limited-service retailing involves a level of service that falls somewhere between self-service and full-service, while limited-selection retailing refers to a model in which only a limited range of products is available for purchase.Self-service (A) retailing involves minimal interaction with sales staff and may include vending machines or self-checkout options. Overall, self-selection retailing provides customers with the freedom to explore and select products while still having the option to seek assistance from salespeople if needed.
In the self-selection (B) type of retailing, customers usually find their own goods, although they can ask salespeople for assistance. This approach allows customers to browse and choose products at their own pace and according to their preferences. It is commonly seen in various retail establishments, such as supermarkets, department stores, and clothing shops.
This type of retailing is different from full-service (C) and limited service (D) retailing, where salespeople play a more active role in assisting customers with their purchases. In contrast, limited-selection (E) retailing focuses on offering a smaller variety of products.
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broker roberto has been very successful since he opened his own brokerage. two weeks before his renewal date he realizes that he should have paid more attention to the time he needs to complete his required post-licensing education. why might this be a problem for him?
Broker Bill must complete two 30-hour courses in his first renewal period for a total of 60 hours of post-license training. This could cause him problems if it's not done.
In North Carolina, how long may one hold the position of provisional broker?A licensee, though, is not able to remain a temporary broker indefinitely. A provisional broker who wants to become a full-fledged real estate broker must finish the necessary post-licensing courses within 18 months of receiving their original license.
What is it that a provisional broker in NC cannot do?You are, in essence, a broker whose license is in a provisional position. You are permitted to carry out all broker-related duties, but a broker-in-charge must keep an eye on you at all times. You can't work on your own.
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in the third year of a project, the costs are $5,000 and the savings are $23,000. what is the present value of this cash flow assuming an interest rate of 9.5%
To find the present value of the cash flow, we need to use the formula for the present value of a future cash flow, which takes into account the time value of money and the interest rate. The formula is:
PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.
In this case, the costs are a negative cash flow and the savings are a positive cash flow. So we can write the equation as:
PV = (-$5,000 + $23,000) / (1 + 0.095)^3
Simplifying the equation:
PV = $18,000 / 1.295
PV = $13,905.02
Therefore, the present value of the cash flow is $13,905.02.
a term indicating that a security is tradable and all of the requirements of the contract to sell the security have been met and the security is ready to be transferred is
A term indicating that a security is tradable and all of the requirements of the contract to sell the security have been met and the security is ready to be transferred is known as delivery-ready securities.
Delivery-ready securities are securities that have been traded and settled, and are now ready for delivery to their owners. Securities can be in the form of cash or stock, depending on the contract's terms. Securities that are delivery-ready can be traded and transferred from the seller to the buyer immediately after the transaction is completed.
According to the definition of delivery-ready securities, it is a term indicating that a security is tradable and all of the requirements of the contract to sell the security have been met and the security is ready to be transferred.
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the dcf (discounted cash flow) portion of a three-statement model begins with ebit, not net income because:
The dcf (discounted cash flow) portion of a three-statement model begins with EBIT, not net income because the EBIT represents the operating income of the company before accounting for interest and taxes, which are financing and non-operating activities.
What is use of EBIT in discounted cash flow?Using EBIT as the starting point for the DCF analysis allows for a more accurate assessment of the company's ability to generate cash flows from its core operations, without being distorted by the impact of financing and non-operating activities.
The DCF model then adjusts for taxes and interest to arrive at the company's free cash flow, which represents the amount of cash generated by the company's operations that is available to be reinvested in the business or returned to shareholders.
Starting with EBIT also provides a clearer picture of the company's profitability and operating performance, which is essential for making informed investment decisions.
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retail world purchases inventory of $400 and office supplies of $100 from a supplier on credit, terms 2/10, n/30. when recording the purchase transaction in its purchases journal, what amount would the company enter into its inventory dr. column?.
When recording the purchase transaction in its purchases journal, Retail World would enter the amount of $400 into its inventory debit (dr.) column.
The reason for this is because the $400 represents the cost of the inventory that Retail World has purchased on credit from the supplier. The terms of the purchase are 2/10, n/30, which means that Retail World can take a 2% discount on the purchase if it pays the supplier within 10 days. Otherwise, the full amount of the purchase is due within 30 days.
The office supplies purchase of $100 is a separate expense item and would be entered into a separate column in the purchases journal.
Therefore, when recording the purchase transaction in its purchases journal, Retail World would debit its inventory account for $400 and credit its accounts payable account for the full amount of the purchase, which is $500. If Retail World takes advantage of the early payment discount, it would credit its accounts payable account for $490 instead.
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customers at an e-retailer site abandon their shopping carts without completing their purchase. this is an example of .
Customers at an e-retailer site abandon their shopping carts without completing their purchase. This is an example of shopping cart abandonment.
Shopping cart abandonment occurs when a customer places items in their shopping cart but does not finish the checkout process, leaving their cart abandoned.
This issue can be caused by various factors such as unexpected shipping charges, a lengthy checkout process, a lack of payment options, and high product prices.
E-retailers can also offer incentives to shoppers, such as free shipping or discounts, to encourage them to complete their purchases.
The correct answer to the question is "shopping cart abandonment."
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which of the following is not an example of a barrier to entry? which of the following is not an example of a barrier to entry? ted owns the best seafood restaurant in a popular resort area. he charges high prices because the quality of the food is so good. jackies owns the copyright to a popular song. she receives royalties every time a radio station plays her song. caroline owns the patent for a new running shoe. she receives payments from the company who manufactures the shoes. john owns the only parcel of lakeside property with a beach that is safe for swimming. he charges admission to neighbors who want to use the beach.
This is not an example of a barrier to entry A. Ted owns the best seafood restaurant in a popular resort area. He charges high prices because the quality of the food is so good.
A barrier to entry refers to any obstacle that prevents a new competitor from entering a market or industry. Barriers to entry can be legal, economic, or even technological, and they make it difficult for new firms to compete with established ones. Option A is not a barrier to entry because it merely represents a successful business that offers a high-quality product at a high price. While it may deter some potential competitors, it doesn't prevent them from entering the market. New entrants could also open their seafood restaurants and offer different pricing strategies or unique dishes to compete with Ted's restaurant.
In contrast, options B, C, and D are examples of barriers to entry:
Jackie owns the copyright to a popular song. She receives royalties every time a radio station plays her song. This is a legal barrier to entry, as copyright laws prevent others from using her song without permission or payment.Caroline owns the patent for a new running shoe. She receives payments from the company that manufactures the shoes. Patents are another form of legal barrier to entry, protecting inventions and innovations for a certain period of time. Competitors cannot legally produce a running shoe with the same design without infringing on Caroline's patent.John owns the only parcel of lakeside property with a beach that is safe for swimming. He charges admission to neighbors who want to use the beach. This is an example of a natural barrier to entry, as John's exclusive ownership of the property creates a limited supply of beach access. Competitors cannot offer the same service without access to a similar piece of property.In summary, option A is not an example of a barrier to entry, while options B, C, and D are.
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which of the following is not an example of a barrier to entry?
A. ted owns the best seafood restaurant in a popular resort area. he charges high prices because the quality of the food is so good.
B. jackies owns the copyright to a popular song. she receives royalties every time a radio station plays her song.
C. caroline owns the patent for a new running shoe. she receives payments from the company who manufactures the shoes.
D. john owns the only parcel of lakeside property with a beach that is safe for swimming. he charges admission to neighbors who want to use the beach.
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assume the cpi was 55 in 1960 and 170 in 1990. if you had $60 in 1960, how much would you have needed in 1990 to purchase the same amount of goods and services? $
You would have needed $183.40 in 1990 to purchase the same amount of goods and services as $60 in 1960, with the CPI being 55 in 1960 and 170 in 1990.
The CPI is an index that measures the average changes in prices of goods and services purchased by households.
In 1960, the CPI was 55 and in 1990 it was 170. This means that the price of goods and services increased from 1960 to 1990.
To determine the value of $60 in 1990, divide the 1990 CPI of 170 by the 1960 CPI of 55. This gives you a multiplier of 3.09. To calculate the value of $60 in 1990, multiply $60 by 3.09.
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Which of the following loan options will require the borrower to pay a high fee along with a high rate of interest applied on the loaned amount?
A. A credit union loan
B. A payday loan
C. A subsidized loan
D. A bank loan
A payday loan will require the borrower to pay a high fee along with a high rate of interest applied on the loaned amount. The correct option is B. A payday loan.
Payday loans are short-term, high-cost loans typically intended to cover unexpected expenses or to bridge a temporary gap between paychecks. They are usually available for small amounts of money and are meant to be repaid when the borrower receives their next paycheck.
The reason payday loans have high fees and interest rates is because they are considered high-risk loans for the lender. Borrowers often have poor credit or no credit history, which means the lender has less assurance that the loan will be repaid. To compensate for this increased risk, payday lenders charge high fees and interest rates to cover potential losses and to make a profit.
In contrast, other loan options such as credit union loans, subsidized loans, and bank loans typically have lower fees and interest rates. Credit unions and banks offer loans to their members and customers based on creditworthiness, while subsidized loans are offered by the government to eligible students, often with lower interest rates and more favorable repayment terms.
In summary, a payday loan will require the borrower to pay a high fee and a high rate of interest due to the increased risk for the lender and the short-term nature of the loan. It is important for borrowers to consider other loan options before choosing a payday loan, as they can be an expensive form of borrowing. Therefore, The correct option is B. A payday loan
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why are state lobbyists required to register and submit reports about their membership and finances?
State lobbyists are required to register and submit reports about their membership and finances because they are expected to disclose important information regarding their financial transactions and membership interests.
This information is used by the government to maintain transparency and to prevent corruption. A state lobbyist is a person who represents a group or organization in front of government officials. They may work for any type of organization, including corporations, nonprofit groups, labor unions, or religious organizations. Their main goal is to influence policymakers in favor of their clients by presenting them with compelling arguments, facts, and data.
They work to influence legislative and regulatory outcomes that are beneficial to their clients. State Lobbyists do the following:Help organizations understand how the government operates.Lobbying lawmakers to vote in favor of legislation that benefits their clients.Convince lawmakers to introduce new legislation that benefits their clients by creating the idea for the bill and working with legislators to draft it.
Educate government officials, staff, and other stakeholders on policy issues relevant to their clients.Gathering intelligence on potential issues, regulations, and bills which may impact their clients. Thus, lobbyists play a vital role in the functioning of government by providing lawmakers with valuable insights and information on various topics. However, they must also disclose important information about their financial transactions and membership interests to maintain transparency and prevent corruption.
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