Answer:
c) 540,000
Explanation:
The total amount the popular act will be paid for their perfomance is $540,000.
What will the act be paid for their performance?
The total amount that would be paid is the sum of the single apperance fee, the 20% of ticket sales and the 10% of concession receipts.
Total amount = $250,000 + (20% x 1,250,000) + (10% x $400,000) = $540,000
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Etxuck279 Inc. sells a particular textbook for $34. Variable expenses are $25 per book. At the current volume of 57,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:_____
a. $2,451,000
b. $513,000
c. $1,938,000
d. $1,425,000
Answer:
fixed costs= $513,000
Explanation:
Giving the following information:
Selling price= $34
Unitary variable cost= $25
Break-even point in units= 57,000
To calculate the fixed costs, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
57,000= fixed costs / 9
57,000*9= fixed costs
fixed costs= $513,000
Dynamo Corporation combines its assets and liabilities with those of Energy Company to form Fuel Inc. Dynamo and Energy cease to exist. The formation of Fuel Inc. is:______
a. a takeover.
b. a consolidation.
c. a liquidation.
d. a share exchange.
Answer:
Dynamo Corporation combines its assets and liabilities with those of Energy Company to form Fuel Inc. Dynamo and Energy cease to exist. The formation of Fuel Inc. is:______
a. a takeover.
Explanation:
The scenario implies that both Dynamo and Energy cease to exist as separate entities but become one now consolidated to be Fuel Inc. It means that Fuel Inc. took over the assets and liabilities of both Dynamo and Energy and they no longer exist as legal entities. Fuel Inc. is a new entity birthed by the fusion of Dynamo and Energy.
If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is:_______
a. greater for the car.
b. less for the car.
c. the same for both the car and the vacation rental.
d. not comparable.
Answer:
Option C
Explanation:
f a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand the same for both the car and the vacation rental.
The elasticity remains unchanged because the percentage change in price and percentage change in quantity are tne same in both cases.
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding:
A. price ceiling, causing excess supply in the market.
B. price floor, causing excess supply in the market.
C. price floor, causing excess demand in the market.
D. price ceiling, causing excess demand in the market.
Answer:
c,but try to think how this is the ansi
In the reconciliation of the June bank statement, a deposit made on June 30 did not appear on the June bank statement. In preparing the bank reconciliation, this deposit in transit should be
a. subtracted from the unadjusted book balance.
b. added to the unadjusted bank balance.
c. subtracted from the unadjusted bank balance.
d. added to the unadjusted book balance.
Answer:
b. added to the unadjusted bank balance.
Explanation:
in the given case since the deposit is made as on June 30 and does not appear in the bank statement so while preparing the bank reconciliation the deposit in transit should be added to the non-adjusted bank balance as the bank did not received these deposits yet
But in the case of the company it already received it
hence, the correct option is b.
Which of the following should the closing paragraph not do?
Answer:
3
Explanation:
Answer: B - Describe why are you interested in the company
Explanation: that’s the correct answer !!!
First National Bank Assets Liabilities and Net Worth US Treasury Bonds $450,000 Net Worth $500,000 Reserves (Cash) $175,000 Checkable Deposits $250,000 Loans $125,000 Second National Bank Assets Liabilities and Net Worth US Treasury Bonds $100,000 Net Worth $250,000 Reserves (Cash) $250,000 Checkable Deposits $100,000 Third National Bank Assets Liabilities and Net Worth US Treasury Bonds $900,000 Net Worth $1,000,000 Reserves (Cash) $350,000 Checkable Deposits $500,000 Loans $250,000
The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), the whole system (these three banks) is capable of creating $_____________ in new loans?
Answer:
The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), the whole system (these three banks) is capable of creating $___3,400,000____ in new loans.
Explanation:
a) Data and Calculations:
Required Reserve Ratio (RRR) = 25%
Checkable Deposits:
First National Bank $250,000
Second National Bank 100,000
Third National Bank 500,000
Total of Checkable Deposits = $850,000
Money Supply = Total Checkable Deposits/Required Reserve Ratio
= $850,000/25%
= $3,400,000
b) The computation of the total Money Supply is based on the stated assumption that "all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers)."
You have developed a new brand of ice cream that you sell for 5.99 dollars per pint since it is a premium brand. Your sales estimate for the first year is 1 million pints, which will result in 5.99 million dollars in __________
A. gross profits
B. revenues
C. marginal contribution
D. profits
E. value
Answer:
The correct answer is the option B: Revenues.
Explanation:
To begin with, there is a significant difference between the words revenue and profit due to the fact that the first one indicates the amount of money that the person is receiving after making all of the sales that he can meanwhile the word profit refers to the amount of money that the person is taking home due to the fact that it reduces all the costs to the income gained and when that is done the person obtains the profit, the money that he receives from all the job done. Therefore that when all sales are completed the person will receive 5.99 million dollars in income and after that he will have to reduce the costs from that number and the final result will be the profits.
Jacklyn carves ice sculptures. She carves and sells 10 sculptures. Her average cost of production per sculpture is $50. She sells each sculpture for a price of $150. Jacklyn's total profits are:______
a. $150.
b. $1,000.
c. $500.
d. $1,500.
Answer:
b. $1,000
Explanation:
To start with, we know that the formulae for total profit is;
= total revenue - total cost.
Total revenue
= price × quantity
= $150 × 10
= $1,500
Total cost
= units sold × average cost of production per sculpture
= 10 × $50
= $500
Therefore,
Total profit = $1,500 - $500
Total profit = $1,000
Assume you just deposited $1,000 into a bank account. The current real interest rate is 7.00% and inflation is expected to be 8.00% over the next year. What nominal interest rate would you require from the bank over the next year? How much money will you have at the end of one year? If you are saving to buy fancy bicycle that currently sells for $1,050, will you have enough money to buy it?
Answer:
a) The nominal interest rate that I would require from the bank over the next year is 15%.
b) At the end of one year, I will have $1,150.
c) If I am saving to buy a fancy bicycle that currently sells for $1,050, I will have enough money ($1,150) to buy it. It will be costing $1,134 ($1,050 * 1.08) with inflation rate of 8% in one year's time.
Explanation:
The nominal interest rate (15%) is higher than the real interest rate (7%) when inflation is positive because the real interest rate is adjusted for inflation (at 8%). The real interest rate is the rate without inflation while the nominal interest rate factors in the inflation rate.
The Open Grill incurred the following costs in acquiring a new piece of land:
Cost of the land $ 80,000
Commissions 4,800
Liability insurance for the first year 1,200
Cost of removing existing building 20,000
Sale of salvaged materials (4,000 )
Total costs $ 102,000
What is the total recorded cost of the land?
a. $102,000.
b. $100,800.
c. $106,000.
d. $80,000.
Answer:
b. $100,800.
Explanation:
Calculation for the total recorded cost of the land
Cost of the land $ 80,000
Add Commissions $4,800
Add Cost of removing existing building $20,000
Less Sale of salvaged materials ($4,000 )
Total recorded cost of land $100,800
Therefore the total recorded cost of the land will be $100,800
Rohan, the manager of a new product development team, wants to hold a meeting to get an update on the individual progress of the members of his team. Which type of meeting would best support this objective
Answer:
This question is incomplete, the options are missing. The options are the following:
a) An information-sharing meeting.
b) An information dissemination meeting.
c) A social meeting .
d) A symbolic meeting.
And the correct answer is the option A: An information-sharing meeting.
Explanation:
To begin with, the name of "Information-sharing meeting" is known in the world of business for refering to a type of meeting that basically focus on the fact of obtaining information from its members with the only purpose knowing how things are going according to the schedule that they have agreed on. Therefore that in this case when Rohan is looking for to know how the members of his team are going with the individual progress then he should definitely organize an information-sharing meeting for the group.
What are two things you can list on your resume?
The product life cycle does not have a major impact on decision-making.
A) True.
B) False.
Answer: Thats false.
According to U.S. GAAP, asset retirement obligations are ________.
a. measured as the present value of past resource usage
b. obligations to replace old buildings and equipment with new assets
c. sinking funds for bonds or other long-term liabilities
d. long-term legal requirements to restore property
e. none of the above
Answer:
D) long-term legal requirements to restore property
Explanation:
Carl Cornfield purchases equipment for $450. After reducing the cash line where else would Carl put an entry for this purchase?
Cash Assets
Equipment Assets
Other Assets (includes receivables)
Liabilities - Accounts Payable
Owner's Equity
Answer:
equipment Assets
Explanation:
discuss the notion of alienation as elaborated by Marx
Answer:
The alienation that Marx refers to comes into being through the relations of production found in capitalist society. ... The commodities that workers produce through their labor is not their own but ultimately belongs to another and is produced for another. Here alienation is manifested in the product that work produces.
To help solve this problem, the expert in this passage
suggests that consumers
recycle their old cell phones.
d
O stop purchasing cell phones.
refuse to buy cell phones made with coltan.
at
avoid using cell phones made in the Congo.
Explanation:
Suggests that consumers to recycle their old cell phones.
Answer:
a: recycle their old cellphones
Explanation:
Bathtub Refinishing Oldsmar FL
Answer:
cool
Explanation:
Because organizations must change rapidly in a volatile, global market, non-supervisory employees must be prepared to
Answer:
contribute to diversity of leadership by demonstrating leadership on the job.
Explanation:
Because organizations must change rapidly in a volatile, global market, non-supervisory employees must be prepared to contribute to diversity of leadership by demonstrating leadership on the job.
This ultimately implies that, when an organization is operating on an international level such as trading its products and services with customers outside the shores of its home country, it is important and required that in a rapidly volatile, global market, non-supervisory employees are saddled with the responsibility of contributing to leadership by being exemplary to the rest.
Organizations sometimes pool the historical data from various, separate organizational databases into a common body of information called a(n):
Answer:
Data warehouse
Explanation:
Organizations sometimes pool the historical data from various, separate organizational databases into a common body of information called a data warehouse.
A data warehouse can be defined as a large collection of data gathered or collected from various sources within an organization and managed to provide a guide for making decisions by the management.
This ultimately implies that, a data warehouse avails the management of an organization the ability to collect, analyze and manage data in order to gain meaningful insights and aid in the decision-making process.
Glenrosa Company bought inventory from Monterosa Company, FOB destination. On December 31, the last day of the accounting year, the goods were on a truck owned by Common Carrier, Inc., and not expected to arrive until January 2. Which company should include these goods in its December 31 inventory?
A. Common Carrier
B. Monterosa
C. Glenrosa
D. None of them should include these goods in inventory.
Answer:
The correct option is (B) Monterosa
Explanation:
At the time when the goods are shipped so in the case of FOB destination the goods title would be transferred to the buyer at the time of reaching to the buyer destination as mentioned by the buyer. Till then it would be included in the seller's inventory
So as per the given situation, Monterosa should involves this goods in its closing inventory i.e. as on December 31
During the current year, Tucker had the following personal casualty gains and losses (after deducting the $100 floor):
Asset Holding Period Gain or (Loss)
Asset 1 18 months ($26,300)
Asset 2 2 months 15,780
Asset 3 3 years 32,875
Required:
What are the tax consequences of these items to Tucker?
Answer:
$22,355 will be taxed as long term capital gains
Explanation:
First of all, casualty gains or losses result from events that are not business related, e.g. your house burnt down. Casualty gains occur when an insurance company or another third party pays for the damage that resulted from a casualty loss. If the reimbursement is larger than the asset's basis, an involuntary conversion gain results. Involuntary conversion gain or net casualty gains are taxed as long term capital gains if the holding period is more than 1 year.
Tucker's net casualty gains = ($15,780 + $32,875) - $26,300 = $22,355
Since capital gains taxes are lower than ordinary income taxes, Tucker will have to pay between either 0%, 15% or 20% as capital gains tax rate.
Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability policy was $55,800 for 18 months, and the crop damage policy was $19,200 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021?
Answer:
The balance of Eve's Prepaid Insurance account as of December 31, 2021 is $28,200
Explanation:
Computation of prepaid Insurance
Insurance 1 ($55,800*6/18) = $18,600
Insurance 2 ($19,200*12/24) = $9,600
Total Prepaid Insurance $28,200
A part of a business's message that distinguishes it from all its competitors
is referred to as what?
A. Cultural sensitivity
B. Unique selling proposition
C. Superiority clause
D. Isolation technique
Answer:
Unique selling proposition.
Answer:b
Explanation:
If you charge/plug in your phone on a Xbox will the stuff in ur camera roll on your phone be on/in the Xbox?
Answer:
No.
Explanation:
You said if you charge, so it will only charge your phone. You aren't able to upload photos directly to an Xbox.
Although, if you are pc, you can upload a custom gamerpic easily.
(An example would be a gamerpic, you need the app in order to have a custom gamerpic because it accesses your files).
Marigold Corp. reported sales of $2200000 last year (80000 units at $20 each), when the break-even point was 44000 units. Marigold’s margin of safety ratio is:_______
Answer:
the margin of safety ratio is 45%
Explanation:
The computation of the margin of safety ratio is shown below:
The Margin of safety ratio is
= (Actual sales unit - break even sales unit) ÷ (Actual sale unit)
= (80,000 units - 44,000 units) ÷ (80,000 units)
= 36,000 units ÷ 80,000 units
= 45%
Hence, the margin of safety ratio is 45%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
To what extent might the slow service be a source of employee irritation and dissatisfaction
Answer:
Slow service can be an extension and source of employee irritation and dissatisfaction. In any business, you rely on employees to perform simultaneous tasks. It is a team effort. Good management usually incentives good work. As a result, when you have an employee or a cluster of employees that are not satisfied the service will more likely be poor. For example, a fast-food restaurant may have two employees that are dissatisfied with the manager. These employees will look for any distraction and will abuse breaks and so forth. The attention to detail will be minimized and items on the menu will be missing something. Finally, the business will suffer in the long run. Customers will complain and the food will have to be prioritized. Customers will leave if it is taking too long. As a team, when one or two slack off the entire team suffers. Think of a football game if two players decide to try and make all the points and fail in doing so. They have jeopardized the potential of winning or producing.
Explanation:
Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this activity will be reported under cash flows from _____ activities.
Answer:
Cash flow from financing activities
Explanation:
There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.
Cash flow statement shows the sources of cash coming into and going out of an organisation.
The major sources are operations, financing, and investing activities.
Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.
In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.
A bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. What is its yield to maturity (YTM)?
Answer:
YTM = 0.070616 or 7.0616% rounded off to 7.06%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the coupon paymentF is the Face value of the bondP is the current value of the bondn is the number of years to maturityCoupon payment = 1000 * 0.08 = 80
YTM = [ (80 + (1000 - 1110 / 20)) / (1000 + 1110 / 2)
YTM = 0.070616 or 7.0616% rounded off to 7.06%
