plz help me i cant fail this class

Answer:

a. it would have been more elastic.

Explanation:

Answer:

owww

Explanation:

Answer:

Sheridan Company

Journal Entries:

a.  March 2: Debit Inventory $862,000

Credit Accounts Payable (Skysong Company) $862,000

To record the purchase of merchandise on credit terms 2/10, n/30.

b. March 6: Debit Accounts Payable (Skysong Company) $110,700

Credit Inventory $110,700

To record the return of merchandise on account.

c. March 12: Debit Accounts Payable (Skysong Company) $751,300

Credit Cash $736,274

Credit Cash Discounts $15,026

To record the payment on account in full settlement, including cash discounts.

Explanation:

1) Data and Analysis:

a.  March 2: Inventory $862,000 Accounts Payable (Skysong Company) $862,000 terms 2/10, n/30.

b. March 6: Accounts Payable (Skysong Company) $110,700 Inventory $110,700

c. March 12: Accounts Payable (Skysong Company) $751,300 Cash $736,274 Cash Discounts $15,026

Answer: B. Loss of earnings from employment

Explanation:

Opportunity cost refers to the loss of other alternatives when another alternative is being chosen. It is the potential benefit that an individual, firm or government misses out on when a different alternative is being selected.

Based on the question given, the opportunity costs for David when he started his business will be the earnings that he got from his previous employment such as the wages or the salaries, bonuses etc. Since he has began his own business, he can't enjoy those benefits anymore.

Answer:

$119,799.31

Explanation:

The net present value of purchasing the new machine is the present value of its future cash flows discounted at the 14% cost of capital minus the initial investment outlay.

The initial investment outlay is the cost of the new machine minus the salvage value of the old machine, since the proceeds received from disposing of the old machine can be used in funding the new machine partly.

Initial investment outlay=$950,000-$50,000

Initial investment outlay=$900,000

NPV=$350,000/(1+14%)^1+$350,000/(1+14%)^2+$350,000/(1+14%)^3+$350,000/(1+14%)^4-$900,000

NPV=$119,799.31

Answer:

Perez Corporation

a. Inventory turnover = Sales/Inventory

20X1 =  10x

20X2 = 10x

b. Inventory turnover = Cost of goods sold/Inventory

20X1 =  7.5x

20X2 = 9x

Explanation:

a) Data and Calculations:

                                    20X1              20X2

Sales                      $8,000,000  $10,000,000

Cost of goods sold 6,000,000      9,000,000

Inventory                    800,000       1,000,000

Average inventory = $900,000 ($1,800,000/2)

a. Inventory turnover = Sales/Inventory

20X1 =  10x ($8,000,000/$800,000)

20X2 = 10x ($10,000,000/$1,000,000)

b. Inventory turnover = Cost of goods sold/Inventory

20X1 =  7.5x ($6,000,000/$800,000)

20X2 = 9x ($9,000,000/$1,000,000)

Answer:

1.5.1 Business venture/Venture capital

1.5.2 a) Risk: High risk for the investor(s), if research is not properly done

b) period of investment: Inexperienced

business owners that make wrong

business decisions may experience

big losses/closing down of an existing

business.

1.6.1 unit trusts

1.6.2 - share price may fluctuate

- unit trusts are not allowed to borrow,

therefore reducing potential returns.

- not good for people who want to invest for

a short period

- not good for people who want to avoid

risks at all costs

1.5.1 Stocks, also known as shares or equities, is the best type of investment opportunity i would choose in future.

It is most well-known and simple type of investment. When you buy stock, you’re buying an ownership stake in a publicly traded company.

Benefit of investment in stocks:

A. Dividend it the profit that i will get on shares

B. When I will buy a stock, there will be a hope that the price will go up so I can then sell it for a profit.

1.5.2 (a) The risk is that the price of the stock could go down, in which case I’d lose money.

1.5.2 (b) Shares in a company can be kept as long as I wish. 

1.6.1 The investment chosen by Pearl is the investment in shares (joint stock exchange)

1.6.2 Disadvantages are dividend uncertainty, high risk, fluctuation in market price, limited control, residual claim etc.

*I hope it is helpful

Answer:

LOL Music Store

Journal Entry to record the payment:

November 21:

Debit Accounts Payable $1,000

Credit Cash $980

Credit Cash Discounts $20

To record the payment on account.

Explanation:

a) Data and Analysis:

November 17: Inventory $1,000 Accounts Payable $1,000

November 21: Accounts Payable $1,000 Cash $980 Cash Discounts $20

b) When LOL Music Store uses the perpetual inventory system to account for its merchandise, it debits the Inventory account instead of the Purchases account on November 17.  The credit entry goes to the Accounts Payable account.  On November 21, when payment is made, the Accounts Payable is debited while the Cash account and Cash Discounts are correspondingly credited.

Answer:

Results are below.

Explanation:

First, we need to calculate the unitary variable cost:

Unitary variable cost= (1 - Contribution margin ratio)*selling price

Unitary variable cost= 0.70*54

Unitary variable cost= $37.8

Now, the break-even point in units and dollars:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 388,800 / (54 - 37.8)

Break-even point in units= 24,000

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 388,800 / 0.3

Break-even point (dollars)= $1,296,000

If the desired profit is $226,800; the following formula is required:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (338,800 + 226,800) / 16.2

Break-even point in units= 34,914

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= 565,600 / 0.3

Break-even point (dollars)= $1,885,333

Finally, if the variable cost per unit decreases by $5.4:

Unitary variable cost= $32.4

Break-even point in units= 388,800 / (54 - 32.4)

Break-even point in units= 18,000

Contribution margin ratio= unitary CM / Selling price

Contribution margin ratio= 21.6/54= 0.4

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 388,800 / 0.4

Break-even point (dollars)= 972,000

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)=  (388,800 + 226,800) / 0.4

Break-even point (dollars)= $1,539,000

Answer:

Terrell Corporation

1. Refer to Terrell Corporation. A transfer price based on variable cost will be set at ________ per unit.

c) $0.95

2. Refer to Terrell Corporation. A transfer price based on full production cost would be set at ______ per unit.

d) $2.10

3. Refer to Terrell Corporation. A transfer price based on market price would be set at __________ per unit.

b) $2.50

4. Refer to Terrell Corporation. If the Plumbing Division is operated as an autonomous investment center and its capacity is 100,000 fittings per month, the per-unit transfer price is not likely to be below

d) $2.50

Explanation:

a) Data and Calculations:

Monthly production and sales units of the plumbing division = 100,000

Total sales (all external) $250,000

Expenses (all on a unit base):

Variable manufacturing   $0.50

Fixed manufacturing            .25

Variable selling                     .30

Fixed selling                         .40

Variable G & A                      .15

Fixed G & A                         .50

Total                                 $2.10

Variable manufacturing     $0.50

Variable selling                       .30

Variable G & A                         .15

Total variable costs (unit)  $0.95

Answer:

attached below

Explanation:

Given that the economy has its actual GDP > potential GDP

A) using AD-AS to depict the situation

attached below is the graph

The gap( Lf - L1 )  is called inflationary gap

x-axis = real GDP ,  Y-axis = price level,

AD = aggregate demand curve , S = short run aggregate supply curve

L = long run aggregate supply curve,

B) In the long run the graph will adjust to the full employment level

attached below is the graph

Answer:

The method to calculate Cash Flow from Direct Method is explained as follows:

Explanation:

The method to calculate Cash Flow from Direct Method is explained as follows:

Cash Flows

Direct Method

+ Cash received from Customer

- Cash paid to suppliers

- Cash payments for operating expenses

- Cash payments for interest

- Cash payments for taxes

= Net Cash flow from Operating Activities.

Answer: zero

Explanation:

It should be noted that real interest rate is the equal to the nominal interest rate after the inflation rate has been deducted.

Real Interest rate = Nominal rate - Inflation rate

For example let's say the nominal Interest rate and the inflation rate are both 5%, then the real interest rate will be:

Real Interest rate = Nominal rate - Inflation rate

Real interest rate = 5% - 5% = 0

Answer:

B

E

Explanation:

S945274 is correct

Answer:

2 and 5 r the answer

Explanation:

Answer:

9.62%

Explanation:

The firm cost of preferred stock can be calculated as follows

Dividend= $8

Price= $87.50

Floation cost= 5%

= 5/100

= 0.05

= 8/87.50(1-0.05)

= 8/87.50(0.95)

= 8/83.125

= 0.0962×100

= 9.62%

Hence the firm cost of preferred stock is 9.62%

Answer:

I think a shoe store would be considered a corporation, however it could be a sole proprietorship meaning the business is solely owned and taken care of by one person, but that's unlikely since a shoe store would need employees to maintain their store.

Explanation:

There are three categories of business which are the following:(1) sole proprietorship, (2) partnership, and (3) corporation. Within each category, there are several variations.

Hope I helped, have a nice day :)

Answer:

Wilson's Antiques

The value of the option to wait is:

= $1,236.

Explanation:

a) Data and Calculations:

                                      Alternative 1      Alternative 2

                                            Now            Wait (one year after)

Initial cost of project        $10,000              $10,500 ($10,000 * 1.05)

Increase in initial cost                                   5%

Project's estimated life    2 years               2 years

Annual cash inflows        $6,500               $7,500

Discount rate = 10%

PV annuity factor at 10%    1.736                  1.736

Present value of annuity $11,284             $13,020

Net present value             $1,284              $2,520

The value of the option to wait is $1,236 ($2,520 - $1,284)

Answer:

Sería directo.

Explanation:

Espero ayudarte

Answer:

money demand; leftward

Explanation:

Money demand depends upon the interest rate as well as the price level.

When the money market is been drawn with a value of the money on the [tex]\text{vertical axis}[/tex], the quantity of money demanded is increased and the price level also increases. Also the curve slopes downward. But it decreases the the money supply as well as the price level.

When the money demand shifts towards left or when the money supply shifts rightwards, the price level increases.

Answer:

Surface.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

In this scenario, Alfredo was one of many employees who received a generous Christmas bonus, which carried surface value to him because it's an amount of money that was received by all.

Answer:

creates a shortage

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

Answer:

1. Cost of direct materials used

= $177,000

2. Cost of direct labor used

= $150,000

3. Cost of goods manufactured

= $400,700

4. Cost of goods sold

= $423,800

5. Gross profit

= $776,200

6. Overapplied or underapplied overhead

= $60,000 Underapplied

Explanation:

a) Data and Calculations:

Inventories

Raw materials $37,000 $42,000

Work in process 9,800 18,600

Finished goods 58,000 34,900

Activities and information for May

Raw materials purchases (paid with cash) 189,000

Factory payroll (paid with cash) 150,000

Factory overhead

Indirect materials 7,000

Indirect labor 34,500

Other overhead costs 101,000

Sales (received in cash) 1,200,000

Predetermined overhead rate based on direct labor cost = 55%

T-accounts:

Raw materials

Account Titles            Debit       Credit

Beginning balance $37,000

Cash                        189,000

Factory overhead                        $7,000

Work in process                         177,000

Ending balance                        $42,000

Totals                   $226,000 $226,000

Work in process

Account Titles            Debit       Credit

Beginning balance  $9,800

Direct materials      177,000

Direct labor            150,000

Applied overhead   82,500

Finished goods                      $400,700

Ending balance                         $18,600

Totals                  $419,300    $419,300

Finished goods

Account Titles            Debit       Credit

Beginning balance  $58,000

Work in process      400,700

Cost of goods sold                  $423,800

Ending balance                          $34,900

Totals                    $458,700   $458,700

Factory overhead

Account Titles            Debit       Credit

Indirect materials       $7,000

Indirect labor              34,500

Other costs               101,000

Work in process                        $82,500 (55% of direct labor)

Under-applied overhead            60,000

Total                      $142,500   $142,500

Sales (received in cash) 1,200,000

Cost of goods sold           423,800

Gross profit =                    776,200

Answer:

True

Explanation:

Group of answer choices.

A. Most online shoppers will only buy products if they can voice their opinions about them after the purchase.

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

C. Negative consumer feedback can actually attract more customer interest in the product.

D. Allowing consumer feedback makes it less likely that consumers will provide their feedback.

E. Consumers are more likely to say positive things about companies that value their opinions.

Answer:

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

Explanation:

Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.

Hence, it is very important for Prime Computers to encourage customer feedback on its website and as a policy because most online shoppers (customers) usually engage in an online search in order to see other customer's ratings and reviews of company's product or service before making major purchase decisions.

Answer:

Arbitrage

Explanation:

Arbitrage refers to exploiting price differences on identical or similar goods, services, assets or factors in different markets.

This ultimately implies that, arbitrage allows an individual to profit from the price difference between similar goods, commodity, securities or currency in different markets.

Basically, an individual might decide to almost simultaneously purchase a financial instrument such as a commodity, securities or currency and sell it in a different form or market.

For example, if a stock is trading at £80 on the London Stock Exchange (LSE) while it is trading for £81 on the Nigeria Stock Exchange (NSE) at the same time. John buy the stock on the LSE and sells the same shares immediately on the NSE and earns a profit of £1 per share. Thus, this is simply an arbitrage.

In conclusion, an arbitrage is a type of trade that is caused as a result of market inefficiency.

Answer:

$34,500

Explanation:

Calculation to determine total revenues for the year

Using this formula

Total revenues=Increase in Assets+Decreased in liabilities+Dividends+Expenses

Let plug in the formula

Total revenues=($11,000-$19,000)+($9,000-$7,500)+$4,000+$21,000

Total revenues=$8,000+$1,500+$4,000+$21,000

Total revenues=$34,500

Therefore total revenues for the year is $34,500

Answer:

4, 4

Explanation:

Now mia has comparative advantage in pasta production while Mario has advantage in pizza making

Before they both specialized, one was making 4 pizza and 4 pasta while the other made 4 pasta and 4 pizza.

Total pizza made = 8

Total pasta made = 8

After they specialized,

Maria makes 4 + 8 = 12 pizza

Mia makes 4+8 = 12 pizza

12-8= 4

So they both make 4 more pasta and 4 more pizza

Answer:

18.75

Explanation:

The computation of the price-earning ratio is given below:

We know that

Price-Earning Ratio = Price Per Share ÷  Earning Per Share

Earning Per Share = Net Earnings ÷ Outstanding Shares

So,  

Price-Earning Ratio = Price Per Share ÷ (Net Earnings ÷ Outstanding Shares)

= $75 ÷ ($200,000 ÷ 50,000)

= 75 ÷ 4

= 18.75

Answer:

Master Production Schedule (MPS)

Week                                              1      2      3      4      5      6      7       8

Forecast Customer Order         75   75    75    75    75    75    75    75

Customer Orders                       75   53    26    18      0      0      0      0

Projected On-Hand Inventory   25   50    75     0     25   50    75      0  

MPS                                           100  100  100     0    100  100  100      0

Explanation:

a) Data and Calculations:

Master Production Schedule (MPS)

Week                                              1      2      3      4      5      6      7       8

Forecast Customer Order         75   75    75    75    75    75    75     75

Customer Orders                       75   53    26    18      0      0      0      0

Projected On-Hand Inventory    

MPS                                            

Formulas for Projected On-Hand Inventory

Week 1 = Beginning Inventory + MPS – MAX (Forecast:Customer Order)

Highest number

Weeks 2 – 8 = Previous Week Inventory + MPS – (Forecast: Customer Order)

Answer:

D

Explanation:

it would be the last option