Answer:
A penalty clause.
Explanation:
As the word penalty implies, it's said to come back as a sort of punishment towards who faults during a breach towards a contract, it can come as a punishment or forfeiture of a said paper, property or something tangible. it's sometimes seen to heavily levy it defaulters in an exceedingly monetary aspect during a lot of cases. An example will be seen when parties to a construction contract may agree that, if one party fails to deliver materials on time specified the project is delayed, it'll pay a hard and fast sum of cash per day, until delivery is created. It will be beneficial to use liquidated damages clauses, for various reasons.
Explain the digestion process of a complex carbohydrate by arranging the statements in the order that they occur.
a. The enzyme, amylase. which is present in saliva breaks potysaccharide chains into disaccharides.
b. Other enzymes in the small intestine further break the potysaccharide into monosaccharides.
c. You take a bite and to chew the complex carbohydrate into smaller pieces.
d. Amylase is deactivated by the low pH in the stomach.
e. Monosaccharides are absorbed through the intestinal wad.
Answer:
The digestion process of a complex carbohydrate:
c. You take a bite and to chew the complex carbohydrate into smaller pieces.
a. The enzyme, amylase. which is present in saliva breaks polysaccharide chains into disaccharides.
b. Other enzymes in the small intestine further break the polysaccharide into monosaccharides.
d. Amylase is deactivated by the low pH in the stomach.
e. Monosaccharides are absorbed through the intestinal wad.
Explanation:
The monosaccharides are produced last in the digestion process described above because it is the absorption of energy (glucose) into the body. It is at this stage that carbohydrate is metabolized within cells to create fuel. Then in the presence of oxygen, this important glucose breaks down into carbon dioxide and water, and finally energy is released as a byproduct.
On January 1, year 1, Glasser Corp. purchased equipment for $120,000. The equipment has a useful life of 3 years, and a residual value of $20,000. Using the sum-of-the-years'-digits method, what is the depreciation expense for year 1?
Answer:
Depreciation expense= $17,000
Explanation:
Giving the following information:
Purchase price= $120,000
Useful life= 3 years
Residual value= $20,000
To calculate the depreciation expense under the sum-of-the-years'-digits, we need to use the following formula:
Depreciation expense= book value*(remaining useful life / sum of the years
Sum of the years= 1 + 2 + 3= 6
Depreciation expense= (120,000 - 20,000) * (1/6)
Depreciation expense= 100,000*0.17
Depreciation expense= $17,000
Which of the following best describes why German firms were nationalized after World War II?
A. Extract money.
B. Job preservation.
C. Ideology.
D. Happenstance.
Answer:
D. Happenstance.
Explanation:
The fact that German firms were nationalized has often been regarded as mere happenstance; meaning it just occurred based on the circumstances they were in immediately after World War II.
It thus encompasses several factors such as the cost of operations, changes in government, etc, not just one factor.
German firms were nationalized after World War II because of Happenstance.
World War II:The fact that German companies were nationalized has frequently been dismissed as a coincidence, implying that it happened simply because of the circumstances in which they found themselves following World War II.
It thus incorporates multiple aspects, not just one, such as operational costs, government changes, and so on.
So, option "D" is the correct answer to the following question.
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If the price of flashlights falls while the demand for batteries rises, is the cross-price elasticity of demand between the pair of products likely to be positive or negative? Therefore, the cross-price elasticity of demand between "substitutes" is most likely most likely_______ and the cross-price elasticities of demand between "complements" is most likely:________
Answer:
negative
positive
negative
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
Substitute goods are goods that can be used in place of another good.
if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
Flashlight and batteries are complements because they are used together.
The estimated current purchasing price of a discount bond with a face value of $ and a yield to maturity of
Answer:
The numbers are missing, so I looked for a similar question:
The estimated current purchasing price of a discount bond with a face value of $2,000 and a yield to maturity of 7% is ...
to determine the market price of discount bonds, we can use the following formula:
market price = face value / (1 + yield to maturity)
market price = $2,000 / (1 + 7%) = $2,000 / 1.07 = $1,869.16
Q 20.26: You are considering upgrading from your current inkjet printer to a laser printer. Your old printer cost $350. The new printer costs $600. Print cartridges for the old printer cost $80 each, and print cartridges for the new printer cost $120 each. Cartridges for both printers last for approximately 500 sheets of printing. Your roommate has offered to purchase your old printer for $50. You expect to print 250 sheets per month. What is the differential cost of purchasing the new printer, considering only the purchase price
Answer:
The differential cost of purchasing the new printer is $250.
Explanation:
Differential cost can be described as the difference between the cost of a change in the level of output, or the cost of two alternative decision.
Therefore, differential cost concept is employed when there are two or more possible option to pursue and decision has to be made to choose one one option and drop the other options.
Since it is indicated in the question that only the purchase price should be considered, the differential cost of purchasing the new printer can be calculated as follows:
Differential cost of purchasing the new printer = Cost of new printer - Cost of old printer ............... (1)
Where;
Cost of new printer = $600
Cost of old printer = $350
Substituting the values into equation (1), we have:
Differential cost of purchasing the new printer = $600 - $350 = $250
Therefore, the differential cost of purchasing the new printer is $250.
Rapidly changing technologies, globalization, and changing markets are some of the environmental forces creating a greater need for change leadership within organizations.
a. True
b. False
A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will yield an annual incremental after-tax income of $35,000 after deducting the straight-line depreciation. Compute the accounting rate of return for the investment.
Answer:
22.7 %
Explanation:
Accounting rate of return = Average Profits / Average Investments × 100
Where,
Average Profit = Sum of Profits ÷ Number of Years
= $35,000
and
Average Investment = (Initial Investment + Salvage Value) ÷ 2
= ($278,000 + $30,000) ÷ 2
= $154,000
Therefore,
Accounting rate of return = $35,000 ÷ $154,000
= 22.7 %
Crispy Breakfast places a coupon in each box of its cereal product. Customers may send in five coupons and $3, and the company will send them a recipe book. Sufficient books were purchased at a cost of $5 each. A total of 500,000 boxes of product were sold in the current year. It was estimated that 4% of the coupons would be redeemed. During current year, 9,000 coupons were redeemed. What is Crispy's premium expense for 2013
Answer:
$8,000
Explanation:
premium expense = [(500,000 x 4%) / 5] x ($5 - $3) = 4,000 x $2 = $8,000
the journal entry to record this:
Dr Premium expense 8,000
Cr Estimated premium claims outstanding 8,000
Since the customers must send 5 coupons + $3 in order to get the free recipe book, the actual cost per recipe book = $5 - $3 = $2 per book
in total, the company estimates that 20,000 coupons will be redeemed, but you need 5 coupons per book, so that mean that 4,000 recipe books are expected to be handed out.
Use the Gordon growth model formula to compute the price of a stock that will pay a $5 dividend per share next year and the dividend is expected to stay at $5 forever. Assume 5% cost of equity. The price of the stock today is $______
Answer:
the price of the stock today is $100
Explanation:
The computation of the price of the stock today is shown below:
Given that
D1 = 5
Growth Rate = 0%
Cost of Equity = 5%
Now the price of the stock today is
= D1 ÷ Cost of Equity
= $5 ÷ 5%
= $100
Hence, the price of the stock today is $100
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Your boss wants to purchase a graphics design application to be distributed to approximately 40 users in the company. Although the vendor says the application has broad OS support, your boss wants to be sure it will work on the five different OSs running on the company’s user workstations. He wants you to verify compatibility by using evaluation copies of the software without disrupting users or their computers. You have the installation disks for all five OSs your company uses, but you don’t have a lot of computers available to install the OSs. a. What’s your plan?
Explanation:
My plan is to use this same machine for testing more than one operating system available in more than one disk. Virtual machines can be run with more than one operating systems. Now this is the idea, firstly install the first operating system in a machine. After testing well enough, then reboot. Then install second operating system in same machine and also test. Follow this process for testing all the operating systems with the aid of installation disks without causing any Interference to the users in the company.
The following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000 Accounts Payable 10,000 Accounts Receivable 12,900 Allowance for Uncollectible Accounts 400 credit Cash Sales 20,000 Lightning uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 15% of receivables up to 30 days past due, and 48% of receivables greater than 30 days past due. The accounts receivable balance of $12,900 consists of $10,000 not yet due, $1,600 up to 30 days past due, and $1,300 greater than 30 days past due. What is the appropriate amount of Bad Debt Expense
Answer:
$1,164
Explanation:
Calculation for the appropriate amount of Bad Debt Expense
Bad Debt Expense= (10,000 * 0.07) + (1,600 * 0.15) + (1,300 * 0.48) =
Bad Debt Expense=700+240+624
Bad Debt Expense=1,564 -400
Bad Debt Expense=$1,164
Therefore the appropriate amount of Bad Debt Expense will be $1,164
On December 31, 2019 a company’s Accounts Receivable balance was $440,000. During the year the company recorded credit sales of $770,000 and cash collections of $820,000. In addition, the company wrote off $16,000 of accounts as uncollectible and reinstated and collected on an accounts receivable that was previously written off that totaled $3,000. The company uses the allowance method to account for its receivables.What is the effect of the accounting equation if the company fails to make the adjusting entry to record bad debt expense?
Answer: Option C - Assets are Overstated; No effects on liabilities: Equity is Overstated
Explanation:
When Bad debts are recorded, they will reduce the Accounts Receivable account because less money will be expected from debtors. Accounts Receivable is an asset account so it will be Overstated if bad debts are not recorded.
Equity will also be overstated because bad debts is an expense that is sent to the Income statement. If this expense is not deducted, the net income will be larger than it should be and when added to Equity it will overstate it.
Question 6
Which option best describes allocatively inefficiency in a market?
Answer:
"Social efficiency" seems to be the correct option. A further explanation is given below.
Explanation:
This is already defined as social productivity or efficiency, as customer choice or requirement or desire is taken into account as a key motivating power for the manufacture or sales of products and services.The prices of goods and products are based on the choice or desires of the customer. Commodities are manufactured in this economic situation up to the mark or stage at which something unit of items & services provides a positive revenue equivalent to the marginal expense of output of these units.The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $1,000 par value bond has 18 years to maturity and makes semi-annual coupon interest payments. If you purchased this bond, what would be the bond's yield to maturity
Answer:
6.35%
Explanation:
If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40
the coupon rate is 9.5% / 2 = 4.75% or $47.50 every six months
the bond matures in 18 years or 36 semiannual periods
yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = {47.5 + [(1,000 - 1,360.4)/36]} / [(1,000 + 1,360.4)/2]
YTM = 37.49 / 1,180.2 = 0.031766 x 2 (annual yield) = 0.06353 = 6.35%
A professor records the majors of her 30 students as follows: Accounting Economics Undecided Finance Management Management Finance Marketing Economics Management Marketing Finance Marketing Accounting Finance Finance Undecided Management Undecided Economics Economics Accounting Management Undecided Economics Accounting Economics Management Accounting Economics Click here for the Excel Data File a. What is the measurement scale of these data?
Answer: Nominal
Explanation:
When the Nominal measurement scale is used, it means the data was sorted into labels or names which is why it is sometimes referred to as Named data. For instance, sorting dogs in a park into their species i.e Husky, American Bull, German Shephard etc.
There is no quantitative value and usually there is no ordering method to this measurement scale.
The professor sorted her students according to their majors which in this case acted as labels so the Professor was using the Nominal measurement scale.
The income statement for the year 2015 of Fugazi Co. contains the following information: Revenues$70,000 Expenses: Salaries and Wages Expense$45,000 Rent Expense12,000 Advertising Expense10,000 Supplies Expense6,000 Utilities Expense2,500 Insurance Expense2,000 Total expenses77,500 Net income (loss)$ (7,500) After all closing entries have been posted, the Income Summary account will have a balance of
Answer:
$0
Explanation:
When the closing entries are recorded, so the net profit or net loss would be transferred to the retained earning account with the help of the closing entries
Therefore after closing entries posting, the balance in the income summary account would be zero and the same is to be considered
hence, the balance would be zero
g Question 3 (ASC Required - 20 points): After graduation, you work for a few years at a major accounting firm and advance to Senior. However, as part of this role, you start working on a client that is different from your other background: specifically, a major bank located in San Francisco. This bank primarily takes deposits from retail and business customers and lends money out to others. The accounting seems to be completely different from what you are used to and so you go to the Codification to find out what the accounting standards for this industry consist of. Describe the major classes of transactions undertaken by this sort of entity and how they should be accounted for.
Answer with Explanation:
The major transactions that a bank will be involved in are listed below:
Deposits of accounts holders: These deposits are basically the liability of the bank which it will pay them back in near future. Hence it must be recorded as a Current or Non-current liability depending upon the type of account and agreement between the parties to contract. Money lendings to borrowers: This money must be accounted for as a current or non-current asset depending upon the type of account and agreement made.Interest on the money lendings: It is interest income and must be accounted for as revenue.ATM and other Transaction processing charges: These fee charges are also part of income and thus must be accounted for as income.Your parents will retire in 27 years. They currently have $280,000 saved, and they think they will need $1,900,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
Answer:
Annual Rate=7.35%
Explanation:
Calculation for the annual interest rate must they earn to reach their goal
Number of years =27
PV =280,000
FV =1,900,000
Using this formula
Annual Rate=(FV/PV)^(1/n)-1
Let plug in the formula
Annual Rate=(1,900,000/280,000)^(1/27)-1
Annual Rate=6.7857^(1/27)-1
Annual Rate=1.07349-1
Annual Rate=0.0735
Annual Rate=7.35%
Therefore the annual interest rate must they earn to reach their goal will be 7.35%
Percentage of sales budgeting can also be called _____.
arbitrary budgeting
objective and task budgeting
rule of thumb budgeting
competitive budgeting
Answer:
promotional budget is set as a percentage of current or anticipated sales
Typical percent of sales is 2%-5%
Explanation:
so I would have to say arbitrary budgetingJoanna, a member, is a sole proprietor that specializes in data processing system design and installation. To facilitate her work and provide additional service to her clients, Joanna purchases various products for sale to her clients. Joanna takes title to the products and assumes all of the risks of ownership. The profit on the sale of these products to her clients is: a) a referral fee b) a commission c) not allowed d) None of the above
Answer: d) None of the above
Explanation:
The profit on the sale is not a referral fee as Joanna did not facilitate a transaction between her clients and the people she bought the products for.
It is not a commission either because it is not a percentage of the products price earned as an incentive or extra fee for selling the products.
Her selling these products is allowed.
The answer is therefore None of the Above.
Novak Corp. developed the following information about its inventories in applying the lower of cost or market (LCM) basis in valuing inventories: Product Cost Market
A $139000 $146000
B 98000 93000
C 195000 198000
If Novak applies the LCM basis, the value of the inventory reported on the balance sheet would be:________
a. $442000
b. $432000
c. $437000
d. $427000
Answer: $427,000
Explanation:
Based on the Generally Accepted Accounting principles, to solve this question, the inventory have to be recorded based on the lower cost or net realizable value. This will therefore be:
A = $139,000
B = $93,000
C = $195,000
The value of the inventory reported on the balance sheet would be:
= $139,000 + $93,000 + $195,000
= $427,000
Advertisers should use an exact match search methodology under all of the following conditions, except Select one: a. people use a variety of keyword phrases b. conversions are being achieved and meeting expectations for this key word c. the search query report is showing a large number of irrelevant keyword search results where the company does not want the ad to appear d. the advertiser is certain about the keyword phrase searchers will use
Answer:
people use a variety of keyword phrases
Explanation:
Using Exact match is very necessary to avoid unnecessary and irrelevant keywords search query report. If not, the ads are going to come up in the pages where the target consumers do not visit. It is also important to have a good knowledge of keywords searchers are likely to use. If not, there will be mismatches.
When variety of key words are used, there would be difficulties as exact match searches may cause the loss of a potential searcher as they are not using the exact match words
What is not a principal tool used by government organizations to constrain the activities of businesses and consumers?
Answer:
The correct answer is: initiating negative social media campaigns and enacting regulations.
Explanation:
The main tool used by government organizations to restrict the activities of companies and consumers is to enact monetary policy and fiscal policy, which defines the inflation rates that affect companies, workers' income and the economy in general, influencing supply and demand directly.
The other option of the question, on the other hand, is not the main tool used by governmental organizations, since initiating negative campaigns on social networks and enacting regulations would be an unethical attitude and which is not of governmental competence, whose one of the fundamental principles is the impersonality of their actions.
Simmons Mineral Operations, Inc. is a company that has no debt and that has a forecasted EBIT of $324,000 perpetually. Right now the cost of equity of Simmons Mineral Operations, Inc. is 12.4 percent and the corporate tax rate is 34 percent. The firm is in the process of selling $940,000 worth of perpetual bonds with an annual interest rate of 6.6 percent at par. What is the value of Simmons Mineral Operations, Inc. after it issues debt?
Answer:
the value of the amount is $2,062,116
Explanation:
The computation of the value of the amount after issuance of the debt is shown below:
= [[ EBIT × (1 - tax rate) ] ÷ cost of equity] + value of bonds × tax rate
= [$324,000 x 0.66 ] ÷ 0.124 ] + $940,000 x 34%
= $1,742,516 + $319,600
= $2,062,116
hence, the value of the amount is $2,062,116
We simply applied the above formula
How do you think Alden, from Situation 2, found out about Revinate? Given all the online companies that might help your business connect you with customers, how would you choose one?
The correct answer to this open question is the following.
Although you forgot to include the proper context of the question or further references, we can comment on the following.
Alden found out about Revinate by searching on the web trying to find the best software options that could help the company to identify the customer's reviews so Gregory E. Alden could make the best decisions for his company.
Gregory E. Alden is the manager of the company Woodside Hotels, located in Northern California. He was trying to monitor the comments of his high-class clients because Woodside Hotels is in the luxurious hotel business. So knowing that constantly monitoring client's comments on social media pages such as TripAdvisor or Yelp can be an arduous and difficult task, Gregory searched for the best software company to monitor client's comments on social media. That is how he found Revinate, a company that helps managers to track reviews so they can make the best business decisions once they have learned what their customers desire. And that is exactly what I would do to choose the kind of company to know about the preferences of my customers.
repps Corporation produces a single product. Last year, Krepps manufactured 25,000 units and sold 20,000 units. Production costs for the year were as follows: Direct materials 180,000 Direct labor 120,000 Variable manufacturing overhead 210,000 Fixed manufacturing overhead 250,000 Sales totaled $850,000 for the year, variable selling and administrative expenses totaled $110,000, and fixed selling and administrative expenses totaled $170,000. There was no beginning inventory. Assume that direct labor is a variable cost. The contribution margin per unit was:
Answer:
unitary contribution margin= $16.6
Explanation:
Giving the following information:
Direct materials 180,000
Direct labor 120,000
Variable manufacturing overhead 210,000
Variable selling and administrative expenses= $110,000
Sales totaled $850,000
First, we need to calculate the unitary production variable cost:
Unitary production variable cost= 510,000/25,000= $20.4
Now, the total unitary variable cost and the selling price:
Total unitary variable cost= (110,000/20,000) + 20.4= $25.9
Selling price= 850,000/20,000= $42.5
Finally, the unitary contribution margin:
unitary contribution margin= 42.5 - 25.9
unitary contribution margin= $16.6
Analyze the following for ACME Fireworks Requirement 1: a-1. Calculate the current ratio at the end of January. a-2. If the average current ratio for the industry is 1.80, is ACME Fireworks more or less liquid than the industry average? multiple choice 1 More liquid Less liquid Requirement 2: b-1. Calculate the acid-test ratio at the end of January. b-2. If the average acid-test ratio for the industry is 1.50, is ACME Fireworks more or less likely to have difficulty paying its currently maturing debts (compared to the industry average)? multiple choice 2 More likely Less likely Requirement 3: c-1. Assume the notes payable were due on April 1, 2021, rather than April 1, 2022. Calculate the revised current ratio at the end of January. c-2. Indicate whether the revised ratio would increase, decrease, or remain unchanged. multiple choice 3 Decrease the current ratio Increase the current ratio Remain unchanged
Answer:
Current Ratio 2.41
more liquid
Acid test ratio 2.26
less likely
decrease the current ratio
Explanation:
Current Ratio = Total current assets / Total current liabilities
Current Ratio : 225,600 / 93,800 = 2.41
Quick Ratio : [ Total current Assets - Inventory ] / Total current liabilities
Quick Ratio : 212,400 / 93,800 = 2.26
The current ratio determines the company liquidity position. If the industry average ratio is less than the company's ratio than the company is assumed to be more liquid.
The quick ratio or acid test ratio determines company liquidity based on the most liquid assets. It usually excludes the inventory from the numerator.
At the end of May, the unadjusted trial balance of Barker Industries included the following accounts:
Debit Credit
Sales (75% represent credit sales) $400,000
Accounts Receivable $240,000
Allowance For Doubtful Accounts 1,800
Barker Industries uses the percentage of sales approach in estimating uncollectible accounts. The uncollectible accounts expense is estimated to be 3% of credit sales The net realizable value of Barker's accounts receivable in the May 31 balance sheet is:_____.
a. $250,800.b. $229,200.c. $236,400.d. $226,200.
Answer:
b. $229,200
Explanation:
Computation for the net realizable value of Barker's accounts receivable in the May 31 balance sheet
First step is to find the credit sales
Credit sales=.75(400,000)
Credit sales=300,000
Second step is to find the 3% of 300,000
3% of 300,000=9,000
Third step is to add credit sales amount to Allowance For Doubtful Accounts
9,000 +1,800
=$10,800
Last step is to find the net realizable value
Net realizable value=Accounts Receivable $240,000-$10,800
Net realizable value=$229,200
Therefore the net realizable value of Barker's accounts receivable in the May 31 balance sheet is $229,200
Regulatory policy requires a balance between protecting safety and
protecting constitutional rights.
improving corporate profits.
improving environmental conditions.
protecting states' rights.
Answer:
The answer is A) Protect constitutional right
Explanation:
According to regulatory policy, there needs to be a balance between protecting safety and protecting constitutional rights.
How are regulations enacted?Certain regulations will need to go against the rights of people under the Constitution. For instance, snooping on the devices of suspected terrorists violates the right to privacy.
These people might however be dangerous so there is a need to snoop on them. There therefore needs to be balance between constitutional rights and protecting people.
In conclusion, option A is correct.
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