Answer:
The correct option is (b).
Explanation:
The regression equation to predict the bank's charges (Y) measured in dollars per month for services rendered to local companies based upon the company's sales revenue (X) measured in millions of dollars is:
[tex]\hat Y=-3100+27X[/tex]
The y-intercept of the line is, -3100.
The slope of the line is, 27.
The y-intercept of a regression line is defined as the average value of the dependent variable when the independent variable value is 0.
The dependent variable, in this case, is the bank's charges and the independent variable is the company's sales revenue.
As the company's sales revenue cannot be $0, the y-intercept cannot be interpreted.
Thus, the correct option is (b).
B) Answer the following questions.
1. Do you agree that business transaction is an economic transaction? Justify your answer
with TWO reasons.
Answer:
Yes, agree, business transactions are economic transactions. Two reasons why:
Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.
On March 1, 2017, Carla Vista Co. Acquired real estate, on which it planned to construct a small office building, by paying $79,000 in cash. An old warehouse on the property was demolished at a cost of $8,000; the salvaged materials were sold for $1,660. Additional expenditures before construction began included $1,160 attorney's fee for work concerning the land purchase, $4,400 real estate broker's fee, $8,660 architect's fee, and $13,800 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land.
Answer:
The reported cost of the land = $99,560
Explanation:
In order to calculate the cost of the land, it is important to note that the amount recorded as cost of the land, includes the actual amount paid as the market price of the land, including all the necessary costs incurred to make the land ready for use. These include: attorney's fees, cost of demolition of old properties, broker's fees etc.
To calculate the net cost of the land, let us identify all the transactions done in the purchase of the land. This is done as follows:
market value of land = $ 79,000
cost of demolition = $ 8,000
additional expenses = $ 1,160
attorney's fee = $ 4,400
broker's fee = $ 8,660
salvaged materials = $ 1,660 (minus)
Total = $ 99,560
Note that the amount gotten from sale of salvaged materials is subtracted from the cost of land, because it is an income, not expenditure, while the architect's fee is not used in the calculation because, it doesn't meet the criteria for cost of land, instead it is part of the cost of building after the acquisition of the land.
What is the definition of hangry my friend keeps saying it but i dont understand
Answer:
hangry is when you feel hungry and angry at the same time
Explanation:
basically, your angry because of the fact that your hungry
Billy Longstreet bought a new car and was a bit uncertain about whether or not he had done the right thing. Two days after he purchased it, he decided to take it back to the dealer for installation of some additional optional equipment. When Billy returned to the dealership to pick up the car after the installation, the salesman who sold Billy the car said, "You know, in the last two hours three different customers told me how much they liked the looks of your new car. One of them even wanted to know if it was for sale!" This attempt by the salesman to confirm the wisdom of Billy's purchase decision seems to be aimed at reducing:
Answer:
dissonance
Explanation:
Based on the information provided within the question it can be said that this attempt seemed to be aimed at reducing dissonance. This term refers to holds two or more contradictory beliefs, ideas, or values. Which in this scenario, the salesman makes this comment in order to see if Billy was satisfied and knew that his purchase was a good one. If Billy were to decide to sell the car to one of those interested buyers then it is likely because he does not know its value.
A down payment is usually what percentage of the asking price of a home?
05 percent
5-20 percent
20-50 percent
50-75 percent
A down payment is usually what percentage of the asking price of a home is 5-20 percent. People take out a loan to cover the remainder of the purchase price of the Home.
What is down payment?
A down payment is a sum of money given by a buyer at the beginning of the buying process for a costly item or service.
Because the down payment is only a portion of the total purchase price, the buyer will almost certainly need to borrow the balance.
Thus, option B is correct.
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Answer: B or 5–20 percent
A down payment is usually what percentage of the asking price of a home?
0–5 percent
√5–20 percent
20–50 percent
50–75 percent
Explanation:
Blake eats two bags of potato chips each day. Blake's hourly wage increases from $8 to $15, and he decides to stop eating generic chips and instead eats a name brand potato chip. Use the midpoint method to calculate Blake's income elasticity of demand for generic potato chips Round your answer to 2 decimal places.The good isa. a normal good and income-elasticb. a normal good and income-inelasticc. an inferior good
Answer:
The correct answer is option (c) good is an inferior good.
Explanation:
Solution
Given that:
Blake's hourly wage increases form = $8 to $15
Now,
By using the midpoint method we compute Blake's income elasticity of demand for generic potato chips which is given below:
Income elasticity of demand =(Y₁ +Y₂)/(Q₁+Q₂) * (Q₂-Q₁)/ (Y₁ - Y₂)
Thus,
Y₁ =8
Y₂ = 15
Q₁ = 2
Q₂ = 0
So,
Income Ed =23/2x - 2/7
= -46/14
=- 3.28
Therefore, the increase in income decreases demand of generic potato chips. this shows negative income effect which implies that good is inferior in nature.
Answer:
Price elasticity= 2.875
The good is an inferior good
Explanation:
Elasticity of demand is defined as the sensitivity of quantity demanded to changes in price of a particular commodity.
Midpoint method is used to determine elasticity between two prices. Change in quantity and price are divided by the average of each.
Price elasticity= {Q1 ÷ (Q2 + Q1)/2} ÷ {P1 ÷ (P1 + P2)/2}
Average quantity = (2 + 0) ÷ 2= 1
Average price= (8 + 15) ÷ 2 = $11.5
Price elasticity= (2 ÷ 1) ÷ (8 ÷ 11.5)
Price elasticity= 2 ÷ 0.6957 = 2.875
The good is an inferior good
An inferior good is one that demand falls as income of the buyer increases.
In this case an increase in income from $8 to $15 resulted in a fall in demand from 2 to 0
Devon forgets to pay her credit card bill for three months. What is the impact of her forgetfulness? (choose ALL correct answers) *A late payment fee will be charged to her account *A balance transfer fee will be charged to her account *Her A.P.R. (interest rate) will rise to 30.24% until she pays back the amount she owes. *Her A.P.R. (interest rate) will rise to 30.24% and stay there until she makes six consecutive minimum payments
Answer:
A late payment fee will be charged to her account.
Explanation:
As mandated by law one is expected to pay outstanding credit card balances within a 21 days period after which you may face additional charges and restrictions.
Since in Devon's case she forgot her credit card bill for up to three months her account would have already been charged a late payment fee from the very first month and this fee will continue to increase in line with the Credit CARD Act of 2009.
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,300 Manufacturing overhead applied to work in process $ 87,100 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $ 11,200 $ 20,000 Work in process $ 56,000 $ 68,500 Finished goods $ 34,900 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Answer and Explanation:
1. The Preparation of schedule of cost of goods manufactured for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods manufactured
Particulars Amount
Direct Materials:
Beginning Raw Material $11,200
Add: Raw Material purchases
during the month $32,000
Total Raw Material available $43,200
Less: Ending Raw material $20,000
Raw Material used in production $23,200
Less: Indirect Material included in
manufacturing Overhead $4,680 $18,520
Add: Direct labor $59,300
Add: Manufacturing overhead
applied to work in process $87,100
Total Manufacturing Costs $164,920
Add: Beginning Work In Process $56,000
Less: Ending Work in Process $68,500
Cost of Goods manufactured $152,420
2. The Preparation of schedule of cost of goods sold for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods Sold
Particulars Amount
Beginning finished Goods Inventory $34,900
Add: Cost of Goods Manufactured $152,420
Goods available for sale $187,320
Less: Finished Goods Inventory, Ending $43,700
Unadjusted cost of goods sold $143,620
Add: Under-applied Overhead $4,100
Cost of Goods Sold adjusted $147,720
(Under-applied overhead refers that there was less overhead applied that is Actual overheads are more than the overhead applied, thus adding to the cost of the goods sold)
Carmax is a national chain that sells used cars. the likely impact of its arrival in the market would be to _____. everything else held constant, this would likely _____ the price of used cars.
Answer:
1. shift the supply of used cars to the right
2. lower
Explanation:
1. With carmax's arrival in the market this has caused the number of sellers to increase thereby shifting the supply curve to the right. An increase in the number of sellers increases the quantity supplied at each price.
2. Since the supply of used cars have increased and demand remains the same, there will be a surplus in the market for used cars resulting in lowered prices of used cars.
Which of the following has the largest impact on opportunity cost?
consumer wants
tight deadlines
consumer needs
limited resources
Answer: Limited resources
Explanation: Limited resources means there is less resources available to the consumers. Scarce resources causes firms to make a choice resulting in opportunity cost. If the consumers money and attention is limited then they must make trade offs.
Answer:
Limited Resources :)
Explanation:
Just took the test.
Note:
You can do it!
Choose one of the laws that protect consumers' financial rights and find three articles describing instances of financial institutions breaking this law. Write a report (about 500 words) describing the circumstances of the violation and the penalties associated with the violation.
Answer:
Consumer protections sound like it should be a guarantee in Usa, but the government never intervened to protect citizens in the 1960s.
It began mostly with 1968 Consumer Credit Protection Act, when Congress stepped on from violence to defend consumers and their financial histories.
Many regulations expanded investor protections in the years that followed, detailing how the government can obtain records from bank clients, how banks manage lenders and how lenders manage deposit accounts.
During the Great Depression of 2008, it all reached a climax and with that, the financial stability oversight Bureau was created, a new federal department committed to defending customers.
Answer:
For this report I chose to use the Truth in Lending Act. The Truth in Lending Act protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans. This protects you from loan overdraft and over billing. This allows the consumer ease to their day of anytime they run into finacial issues. As this makes better sense to consumers it helps others all over the world. People use it in hopes that this will help them in everyday.
Explanation:
Analyse the implications to Mr Flake’s business if: In May and June Mr Flake fell ill and he had to pay somebody else £1200 a month to run the business as well as himself? Answer: He received 6 more party bookings for September?
Answer:
1. Paying somebody else and himself represent cash outflow.
2. Party bookings represents forecasted cash inflow.
Explanation:
Remember, a cash flow shows where money is coming from into the accounts of a business and where money goes to from the accounts of the business. Inflows represent credit transactions into the business account, while the outflows represents debit transactions to external sources.
Thus, paying somebody else £1200 a month to run the business as well as himself (Mr Flake) both represents outflow of cash from his ice-cream business. But the 6 more party bookings for September represents cash inflows since he will be receiving a pay from the clients.
Laura’s husband died in a car accident. When she turns 67, she will receive her husband’s __1___. Her children will also receive the same until they ___2___ .
1. 401k account
social security benefits
certificate of deposit
2. gradute from high school
retire
become employed
this is on plato
i will give brainliest
Answer:
1. social security benefit
2.retire
Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of $11,300. He is single and claims 1 deduction. Before this payroll, Barrett’s cumulative earnings were $128,070. (Social Security maximum is 6.2% on $128,400 and Medicare is 1.45%.) Calculate FIT by the percentage method. (Use Table 9.1 and Table 9.2) (Round your answers to 2 decimal
Answer:
1) social security taxes = (accumulated earnings - social security maximum) x 6.2% = ($139,370 - $128,070) x 6.2% = $700.60
2) medicare taxes = monthly earnings x 1.45% = $11,300 x 1.45% = $163.85
3) in order to calculate federal income taxes, I used the 2019 tables and allowance:
2019 allowance = $350 per person
monthly paycheck between $7,333 - $13,710
must withhold $1,198.46 plus 24% in excess of $7,333
federal income taxes under percentage method = $11,300 - $350 (1 monthly allowance 2019) = $10,950
$1,198.46 + [($10,950 - $7,333) x 24%] = $1,198.46 + $868.08 = $2,066.54
For 2020, there are no more personal allowances.
Kyei weighed half the total weight of his two brothers. his two brothers be weighed 44 1/2kg and 32 1/2kg.what was kyei's weight
Answer:
Kyei's weight = 38.5 kg
Explanation:
Given:
Kyei's brother's weight = 44.55 kg and 32.5 kg
Find:
Kyei's weight.
Computation:
⇒ Kyei's weight = Sum of Kyei's brother's weight / 2
⇒ Kyei's weight = [44.5 + 32.5] / 2
⇒ Kyei's weight = [77] / 2
⇒ Kyei's weight = 38.5 kg
You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads are 0: $27, 1: $30, 2: $32, 3: $35, 4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. a. For each customer load level beginning with 1, what is your average total cost? b. For each customer load level beginning with 1, what is your marginal cost? c. If you are compensated $9 per ride, what customer load would you want?
Answer and Explanation:
a and b. The average total cost and the marginal cost is shown below:
As we know that
Average cost is
= Total cost ÷ total number of customer loads
And, the Marginal cost is
= Additional total cost incurred for extra units generated
So based on this, the marginal cost and the average total cost are as follows
Customer load level Total cost Average cost Marginal cost
0 $27
1 $30 $30 ÷ 1 = 30 30 - 27 = 3
2 $32 $32 ÷ 2 = 16 32 - 30 = 2
3 $35 $35 ÷ 3 = 11.67 35 - 32 = 3
4 $38 $38 ÷ 4 = 9.5 38 - 35 = 3
5 $42 $42 ÷ 5 = 8.4 42 - 38 = 4
6 $48 $48 ÷ 6 = 8 48 - 42 = 6
7 $57 $57 ÷ 7 = 8.14 57 - 48 = 9
8 $68 $68 ÷ 8 = 8.5 68 - 57 = 11
c. Now the customer loan you want is
As we know that
Profit = Marginal revenue - marginal cost
And, as we can see that at marginal cost 9 we can load 7 customers so the 7 customers would be wanted
which of the following will increase investment spending
A) More optimistic business expectations
B) An increase in interest rates
C) Ann increase in business taxes
D) A decrease in capacity utilization
E) All of the above
Answer:
E
Explanation:
All the suggested options can increase investment spending
Investment spending is the money spent towards business expansion in the area of acquiring capital goods such as plant and machinery or goods used in the production like the raw materials.
Optimistic business decision : Leads to more investment in potential business opportunities
Increase in interest rates : As funds are borrowed to finance investment , increase interest rate will increase spending.
Increase in business taxes : This means that companies will have to pay more on taxes
Decrease in capacity utilization : This will lead to the acquisition of more machinery and investment spending increase
Answer:A More optimistic business expectations
Explanation:
A p e x
Is South Korea one of the fastest-growing Asian country
Answer:
yes, it is
Explanation:
It has one of the largest economies in the world
after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin help increase the chance of long-term success for your business, even if additional competition enters your community.
Answer:
Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.
Explanation:
The thinking of the margin that increase the chances of the long term success should be explained below.
Long term success:If we think on the margin so we assure that each & every pair of inserts generated should be converted in a profit. Once a profit is no longer being made on a pair of inserts, so here the production should be cut back. Understanding these margins will also help for stay competitive in a market.
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Which statement best describes the role of a credit agency?
A. It tracks the use of credit for lenders.
B. It predicts future earning potential for lenders.
C. It teaches how to make smart financial decisions.
D. It shows how saving money makes financial sense.
I’m confused other people on here either answered A or B...I’m not sure which one it is :/
A. It tracks the use of credit for lenders.
Explanation:
I've taken the test already, I hope, me getting the answer wrong, will help others!
The correct answer is A. It tracks the use of credit for lenders.
Credit agencies, also known as credit rating agencies, help potential lenders and creditors determine whether to lend or extend credit to an individual or business, by predicting the likelihood that the borrower will repay the debt in a timely manner.
What is the main role of the three major credit reporting agencies?
Equifax, Experian and TransUnion are the three main consumer credit bureaus. They collect and store information about you that they use to generate your credit reports, which are used as the basis of your credit scores.
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HOW HAS INDIGENOUS INSTITUTIONS KILLED COTTAGE INDUSTRIES THROUGH MONEY
Answer: With ideas and much money invested
Explanation:
Cottage industries are industies that carry out their activities from their homes while indigenous industries are industies that are located in primary areas in our environment like the fishing and brewing industry.
The indigenous industries are advantaged over the cottage industries because they receive support from the government hence it helps in their production also they have the ability to reduce the price of their goods against the cottage industry which cost of production would be high for them.
General Mills began losing market share for Go-gurt when its biggest competitor began to focus on kids' yogurt. Which step of the market research process does this statement best correlate with?
a. Analayzing data
b. Data collection
c. Choosing the data collection method
d. Analyze and interpret the data
Answer:
b. Data collection
Explanation:
General Mills is only at the first stages of the market research process, which include: diagnosis of the problem, definition of the problem, and data collection.
General Mills has found that it's lost market share to its biggest competitor because the competitor decided to focus on a particular type of yogurt. This is Data collection.
Define Red Gross Society.
Answer:
did you mean red cross?
Explanation:
It is an international humanitarian organization established by Geneva Organization to provide medical care.
what are the objectives of the public sector?
Answer:
1. To prevent concentration of economic power and growth of private monopolies.
2. To also help the Government to enforce social control on trade and industry for ensuring equitable distribution of goods and services.
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answer:
The present value is $537.78
Explanation:
Given
[tex]Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%[/tex]
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
[tex]FV = I *(1 + R)^T[/tex]
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
[tex]20,000 = I *(1 + 7.5\%)^{50}[/tex]
Convert percent to decimal
[tex]20,000 = I *(1 + 0.075)^{50}[/tex]
[tex]20,000 = I *(1.075)^{50}[/tex]
[tex]20,000 = I *37.19[/tex]
Divide both sides by 37.19
[tex]\frac{20,000}{37.19} = \frac{I *37.19}{37.19}[/tex]
[tex]\frac{20,000}{37.19} = I[/tex]
[tex]537.778 = I[/tex]
[tex]I = 547.78\ (Approximated)[/tex]
Hence, the present value is $537.78
Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
However, a capacity utilization rate that is nearing 100% is ............... because .......
Answer:
A capacity utilization rate that is nearing 100% is ideal because it means that company's actual output is almost the same as its maximum possible output.
Explanation:
Capital utilization rate is used to calculate the rate at which levels of output are met. It is defined by the given formula:
Capacity utilization = (Actual level of output / Maximum level of output) · 100
If the Capacity utilization rate is near 100%, it means that actual level of output is almost same as the maximum level of output, which is considered as the Ideal rate.
Ideal rate is usually not possible because there are a lot of hurdles in the processes. A rate of 85% is considered the optimal rate for most companies.
How many owners can own a partnership
Answer:
2 owners can own a partnership
Answer:
Minimum-2.
Maximum-100
Woodsmith magazine gave instructions on how to build a pine cupboard. Lumber will be needed for two shelves 1134 inches long, two base sides 1112 inches long, and two door stiles 2918 inches long. Your lumber comes in 6 foot lengths. A. How many feet of lumber will you need? (Enter your fraction in lowest terms.)
Answer:
Hi there!
You'll need 860.67 feet of lumber.
Explanation:
First we calculate the needs of lumber in inches
Shelves: 2 x 1,134 = 2,268 inches
Base Sides: 2 x 1,112 = 2,224 inches
Door stiles: 2 x 2,918 = 5,836 inches
Total inches long of lumber needed:
2,268 + 2,224 + 5,836 = 10,328 inches
Then we convert the unit of measure from inches to feet:
One inch equals 0.08333 feet.
10,328 x 0.08333 = 860.67 feet
In a statistics examination the mean score was 78 and the standard deviation was 10
(a) Determine the standard score of two students whose grade were 93 and 62 , respectively.
(b) Determine the grades of two students whose standard score was -0.6 and 1.2 respectively.
Answer:
a) determine the standard score of two students whose grade were 93 and 62 respectively
