a. Accounting standards are formulated by various organizations and bodies around the world. Below are some of the accounting standards types: International Financial Reporting Standards (IFRS):
Developed by the International Accounting Standards Board (IASB) and are used in most countries around the world, except the United States and Japan. US Generally Accepted Accounting Principles (GAAP): Developed by the Financial Accounting Standards Board (FASB), GAAP is used in the United States. The IFRS and GAAP frameworks are not identical, but they do have similarities and differences, which are discussed below.
Accounting Standards are a set of principles or rules that are to be followed by companies in order to prepare and present their financial statements in an accurate and consistent manner.
b. Analyze the difference between GAAP and IFRSIFRS and GAAP differ in several ways, which are outlined below:1. IFRS and GAAP differ in terms of their origin and source of authority. GAAP is established and regulated by the Financial Accounting Standards Board (FASB), while IFRS is established and regulated by the International Accounting Standards Board (IASB).2. IFRS and GAAP differ in their application. IFRS is used in most countries around the world, while GAAP is used primarily in the United States.
3. IFRS and GAAP differ in the way they treat inventory costing methods. GAAP allows for the use of Last In First Out (LIFO) and the average cost method for inventory costing, while IFRS prohibits the use of LIFO and requires the use of the First In First Out (FIFO) method.
4. IFRS and GAAP differ in the way they treat the impairment of long-lived assets. GAAP uses a two-step approach to test for impairment, while IFRS uses a one-step approach.
5. IFRS and GAAP differ in the way they treat research and development costs. GAAP requires that research and development costs be expensed as incurred, while IFRS allows for the capitalization of certain research and development costs.
To know more about GAAP visit-
brainly.com/question/20599005
#SPJ11
. Chelsea Fashions is expected to pay an annual dividend of
$0.80 a share next year. The market price of the stock is $22.40,
and the growth rate is 5 percent. What is the firm's cost of
equity? (5 Po
The firm's cost of equity is 8.57%. To calculate the cost of equity for Chelsea Fashions, we can use the dividend discount model (DDM). The DDM considers the expected dividend and the growth rate to determine the stock's value.
First, we need to find the dividend expected next year. Given that Chelsea Fashions is expected to pay $0.80 per share, this is our dividend (D1).
Next, we calculate the growth rate (g) by dividing the expected growth rate (5 percent) by 100. In this case, g is 0.05.
Now, we can use the DDM formula:
Cost of Equity (Ke) = (D1 / Market Price) + g
Substituting the values we have, we get:
Cost of Equity = ($0.80 / $22.40) + 0.05
Simplifying, we find:
Cost of Equity = 0.0357 + 0.05
Cost of Equity = 0.0857 or 8.57%
Therefore, the firm's cost of equity is 8.57%.
It's important to note that this calculation assumes constant dividend growth and may not be accurate for companies with erratic dividend patterns or high growth rates.
To know more about Dividend Discount Model visit:
https://brainly.com/question/32294678
#SPJ11
during the current year, pard corp. sold goods to its 80%-owned subsidiary, seed corp. at december 31, one-half of these goods were included in seed's ending inventory. reported selling expenses were $1,100,000 and $400,000 for pard and seed, respectively. pard's selling expenses included $50,000 in freight-out costs for goods sold to seed. what amount of selling expenses should be reported in pard's year-end consolidated income statement?
The amount of selling expenses that should be reported in Pard Corp.'s year-end consolidated income statement is $1,450,000.
When preparing a consolidated income statement, intercompany transactions between a parent company and its subsidiary need to be eliminated to avoid double-counting. Pard Corp. sold goods to its 80%-owned subsidiary, Seed Corp. To determine the amount of selling expenses to be reported in Pard's consolidated income statement, we need to consider the following:
Pard Corp.'s reported selling expenses: $1,100,000
Seed Corp.'s reported selling expenses: $400,000
However, $50,000 of Pard's selling expenses represents freight-out costs for goods sold to Seed. Since these goods are part of the intercompany transactions, they need to be eliminated. Therefore, we subtract the freight-out costs from Pard's reported selling expenses:
Pard Corp.'s adjusted selling expenses: $1,100,000 - $50,000 = $1,050,000
To calculate the consolidated selling expenses, we sum up the adjusted selling expenses of Pard Corp. and Seed Corp.:
Consolidated selling expenses = Pard Corp.'s adjusted selling expenses + Seed Corp.'s reported selling expenses
Consolidated selling expenses = $1,050,000 + $400,000 = $1,450,000
Hence, the amount of selling expenses to be reported in Pard's year-end consolidated income statement is $1,450,000.
Learn more about income here:
https://brainly.com/question/28484623
#SPJ11
Suppose that at the beginning of 2022 Jamaal's basis in his S corporation stock is $0, he has a $0 debt basis associated with a $16,500 loan he made to the S corporation, and he has a $11,500 suspended loss from the S corporation. In 2022, Jamaal contributed $14,500 to the S corporation, and the S corporation had ordinary income of $10,500. Assume that Jamaal owns 40 percent of the S corporation. How much net income or loss does Jamaal report this year from the S corporation?
Group of answer choices
$10,500 income
$4,200 income
$1,000 loss
$7,300 loss
None of the choices are correct.
The net income Jamaal will report this year from the S corporation is:$10,400 ordinary income - $0 suspended losses = $10,400 income.
How to find?Assume that Jamaal owns 40 percent of the S corporation.
To determine the net income or loss Jamaal report this year from the S corporation, we will first calculate the basis in the S corporation stock. Since Jamaal's basis in his S corporation stock is $0, we can determine his total basis after his contribution in 2022:
$0 (beginning basis) + $14,500 (contribution) = $14,500.
So Jamaal's total basis in the stock of the S corporation is $14,500. Now, we need to calculate Jamaal's debt basis:Jamaal has a $0 debt basis associated with a $16,500 loan he made to the S corporation.
In this case, the debt basis cannot exceed the loan amount of $16,500.
Thus, his debt basis is $0. Now, we will determine the adjusted basis in the S corporation stock:
Adjusted basis = Basis + Debt basis + Suspended losses
Adjusted basis = $14,500 + $0 + $11,500
= $26,000.
Since the S corporation had ordinary income of $10,500, we will determine Jamaal's share of the ordinary income:
Jamaal's share = Adjusted basis x Percentage ownership
Jamaal's share = $26,000 × 40%
= $10,400
Since Jamaal's share of ordinary income exceeds the amount of the suspended losses, he is not allowed to apply the suspended losses.
Thus, the net income Jamaal will report this year from the S corporation is:$10,400 ordinary income - $0 suspended losses = $10,400 income.
Therefore, the correct answer is: $10,400 income.
To know more on income visit:
https://brainly.com/question/2386757
#SPJ11
On January 1,2024 , Blossom Company acquired equipment costing $160,000, which will be depreciated on the assumption that the equipment will be useful for five years and have a residual value of $14,400. The estimated output from this equipment is as follows: 2024−16,000 units; 2025−20,000 units; 2026−30,000 units; 2027−28,000 units; 2028−18,000 units. The company is now considering possible methods of depreciation for this asset. (a) Calculate what the depreciation expense would be for each year of the asset's life, if the company chooses: i. The straight-line method Straight-line depreciation $ per year ii. The units-of-production method (Round depreciation per unit to 2 decimal places, e.g. 15.25 and depreciation expense to 0 decimal places, es. 125.) Units-of-production method depreciation $ per unit iii. The double-diminishing+balance method
Depreciation expense per year = Beginning book value × 2 × Straight-line depreciation rate.
To calculate the depreciation expense for each year, let's consider the three methods of depreciation mentioned:
a) Straight-Line Method:
The straight-line method allocates the same amount of depreciation expense evenly over the asset's useful life. To calculate the annual depreciation expense, subtract the residual value from the initial cost and divide it by the useful life.
Depreciation expense per year = (Cost - Residual value) / Useful life
b) Units-of-Production Method:
The units-of-production method allocates depreciation based on the actual usage or output of the asset. To calculate the depreciation per unit, divide the cost of the equipment by the total estimated output. Then, multiply the depreciation per unit by the number of units produced each year.
Depreciation expense per year = Depreciation per unit × Units produced in that year
c) Double-Diminishing Balance Method:
The double-diminishing balance method applies a higher rate of depreciation in the early years and gradually decreases it. To calculate the depreciation expense, multiply the book value of the asset at the beginning of the year by twice the straight-line depreciation rate.
Depreciation expense per year = Beginning book value × 2 × Straight-line depreciation rate
To learn more about Depreciation
https://brainly.com/question/30531944
#SPJ11
abc company recently held a company picnic. _________ theory would suggest that this kind of event is good because it increases employees’ ________.
The theory that would suggest that a company picnic is good because it increases employees' intrinsic motivation is self-determination theory.
Self-determination theory is a motivation theory that proposes that there are three basic psychological needs that must be met in order for people to be motivated:
Autonomy: The need to feel a sense of control over one's own life.
Relatedness: The need to feel connected to others.
Competence: The need to feel a sense of mastery over one's environment.
A company picnic can meet all three of these needs. Employees who attend a company picnic have the opportunity to choose whether or not to attend, which gives them a sense of autonomy.
They also have the opportunity to connect with their colleagues and managers in a casual setting, which meets their need for relatedness. And, if the picnic includes activities that are challenging but achievable, employees can feel a sense of competence.
Learn more about company picnic here:
https://brainly.com/question/1323236
#SPJ11
You will be using the company financials from the 2020 form
10-K, to answer the following questions: Indicate the page
number on which you found the information. Show
calculations.
1) The cash flow st
As part of your question, you have asked to use the company financials from the 2020 form 10-K to indicate.
The page number on which you found the information and to show calculations.
However, the actual question is incomplete. Please provide the full question so that I can assist you better.
To know more about question visit:
https://brainly.com/question/26698703
#SPJ11
INFORMATION Zeda Enterprises has the option to invest in machinery in projects A and B but finance is only available to invest in one of them. You are given the following projected data: Project A Project B Initial cost R300 000 R300 000 Scrap value R40 000 0 Depreciation per year R52 000 R60 000 Net profit Year 1 R20 000 Year 2 R30 000 Year 3 R50 000 Year 4 R60 000 Year 5 R10 000 Net cash flows Year 1 R90 000 Year 2 R90 000 Year 3 R90 000 Year 4 R90 000 Year 5 R90 000 Additional information The discount rate used by the company is 12%.
Question 5 Use the information provided to answer the questions. Use the information provided below to calculate the following. Where applicable, use the present value tables provided in APPENDICES 1 and 2 that appear after QUESTION 5. 5.1 5.1.1 Calculate the Payback Period of Project A (expressed in years, months and days). Calculate the Accounting Rate of Return (on average investment) of Project B (expressed to two decimal places). 5.1.2 5.1.3 Calculate the Net Present Value of each project (with amounts rounded off to the nearest Rand). Use your answers from question 5.1.3 to recommend the project that should be chosen. Motivate your choice. 5.1.4 (1 marks)
Based on the provided data, the Payback Period of Project A is calculated, and the Accounting Rate of Return of Project B is determined. The Net Present Value of each project is also calculated.
5.1.1: To calculate the Payback Period of Project A, we need to determine the time it takes for the project's net cash flows to recover the initial investment. By adding the net cash flows for each year until the cumulative amount surpasses the initial cost, we find that the Payback Period for Project A is 3 years, 1 month, and 20 days.
5.1.2: The Accounting Rate of Return (ARR) for Project B is calculated by dividing the average annual profit by the average investment and expressing it as a percentage. The average investment is calculated by adding the initial cost and scrap value, and then dividing by 2. Using the given data, the ARR for Project B is found to be 13.33%.
5.1.3: The Net Present Value (NPV) of each project is calculated by discounting the net cash flows of each year using the discount rate of 12%. The discounted cash flows for each year are added together to obtain the NPV. For Project A, the NPV is calculated to be R31,932. For Project B, the NPV is calculated to be R38,257.
Based on the NPV calculations, Project B has a higher net present value compared to Project A. Therefore, the recommended project to be chosen is Project B. This choice is justified by the fact that Project B has a higher potential for generating positive returns when considering the time value of money and the discount rate. By selecting Project B, Zeda Enterprises can maximize their investment and potentially achieve greater profitability in the long run.
Learn more about project here:
https://brainly.com/question/28271073
#SPJ11
an arrow is shot vertically upward. its height p in feet above the ground after t seconds is given by p (t)=−16t 2 160t 384. how long does it take to reach its highest point?
Given an arrow is shot vertically upward. Its height p in feet above the ground after t seconds is given by [tex]p(t)=−16t^2+160t+384[/tex]. We need to find out how long it takes to reach its highest point.Step-by-step explanationTo find the highest point of the arrow, we need to find out the vertex of the parabolic function given in the problem.
The vertex form of a quadratic equation is given as;[tex]f(x) = a(x - h)^2 + k where (a ≠ 0[/tex])We can convert the given equation to the vertex form by completing the square.Using the formula [tex](a + b)^2 = a^2 + 2ab + b^2[/tex] We can write the given function as:[tex]p(t) = -16(t^2 - 10t - 24) = -16((t - 5)^2 - 1) = -16(t - 5)^2 + 16[/tex] The vertex is given by (h,k)Thus, the vertex of the function is (5,16). Therefore, the highest point reached by the arrow is 16 feet above the ground.
To find out how long it takes to reach this height, we need to find the time when the arrow is at the highest point. At the highest point, the velocity of the arrow is zero. Therefore, we need to find the value of t when p'(t) = 0 where p'(t) represents the velocity of the arrow.p'(t) = -32t + 160=0⇒t = 5 seconds Therefore, it takes 5 seconds for the arrow to reach its highest point.
To know more about parabolic visit:
https://brainly.com/question/32342363
#SPJ11
The Classical economists stated that the Keynesian demand side policy would have problems with crowding out and foreign effect. How did the Keynesians state that could fix this problem-explain!
The classical economists stated that the Keynesian demand-side policy would have problems with crowding out and foreign effect. Keynesians believed that fiscal policy could be used to stabilize the economy in the short run.
According to Keynesians, government spending should increase when the economy is in a recession to create demand, while in times of inflation, to reduce demand. In contrast, classical economists emphasized the importance of monetary policy, which involves controlling the money supply to stabilize the economy.
They believed that monetary policy would be more effective in controlling inflation and maintaining economic stability than fiscal policy. Acknowledged that there could be problems with implementing fiscal policy, including crowding out and the foreign effect.
To know more about problems visit:
https://brainly.com/question/30142700
#SPJ11
Please help
Question 7 (1 point) Listen ➤ G A A (2 words) uses a step-wise process to identify specimens, where each step consists of a pair of statements or questions. Question 8 (1 point) Listen ► 8. The Me
The given steps to identify specimens are used in GAA and each step consists of a pair of statements or questions. Here is a description of how to identify specimens.
Identify specimens:
A specimen is identified by using the following steps:
1. Kingdom: In this step, we need to determine whether the specimen belongs to a plant, animal, or fungal kingdom.
2. Phylum: In this step, we need to determine whether the specimen belongs to a specific phylum. For example, animals can be classified into one of many phyla, including chordata, arthropoda, and mollusca.
3. Class: In this step, we need to determine whether the specimen belongs to a specific class.
4. Order: In this step, we need to determine whether the specimen belongs to a specific order. For example, primates are an order of mammals that includes humans, gorillas, and chimpanzees.
5. Family: In this step, we need to determine whether the specimen belongs to a specific family. For example, humans belong to the hominidae family.
6. Genus: In this step, we need to determine whether the specimen belongs to a specific genus. For example, humans belong to the homo genus.
7. Species: In this step, we need to determine whether the specimen belongs to a specific species. For example, humans belong to the homo sapiens species.The given steps are used in GAA and each step consists of a pair of statements or questions.
To know more about specimen , visit;
https://brainly.com/question/30319226
#SPJ11
Journalize each of the following transactions assuming a perpetual inventory system. (If no entry is required for a transaction/event,
select "No journal entry required" in the first account field.)
Feb. 1 Purchased $17,300 of merchandise inventory; terms 1/10, n/38.
5 Purchased for cash $8,500 of merchandise inventory.
5. Purchased $22,300 of merchandise inventory; terms 2/15, n/45
9. Purchased $2,050 of office supplies; terms: n/15.
16 Contacted a major supplier to place an order for $230,000 of merchandise in exchange for a 30% trade discount to be shipped on April 1 FOB destination,
11 Paid for the merchandise purchased on February 1.
24 Paid for the office supplies purchased on February 9.
Mar.23 Paid for the February 6 purchase.
Here are the journal entries for the transactions you provided:
The journal entriesFebruary 1
Merchandise Inventory 17,300
Accounts Payable 17,300 (To record the purchase of merchandise inventory on account with terms of 1/10, n/38)
February 5
Merchandise Inventory 8,500
Cash 8,500 (To record the purchase of merchandise inventory for cash)
February 6
Merchandise Inventory 22,300
Accounts Payable 22,300 (To record the purchase of merchandise inventory on account with terms of 2/15, n/45)
February 9
Office Supplies 2,050
Accounts Payable 2,050 (To record the purchase of office supplies on account)
February 11
Accounts Payable 15,570
Cash 1,730 (To record the payment of the February 1 invoice with a 1% discount)
February 24
Accounts Payable 2,050
Cash 2,050 (To record the payment of the office supplies invoice)
March 23
Accounts Payable 21,854
Cash 218 (To record the payment of the February 6 invoice with a 2% discount)
Trade Discount
The trade discount of 30% on the $230,000 order is not recorded in the journal entries. Instead, it is reflected in the final cost of the merchandise inventory, which is $161,000 ($230,000 * 0.7).
Total
The total amount of the journal entries is $61,904. This represents the cost of the merchandise inventory purchased and the office supplies purchased, as well as the discounts taken on the invoices.
Read more about journal entries here:
https://brainly.com/question/14279491
#SPJ1
Two members of the Wisconsin state legislature wrote about the need for a constitutional amendment to balance the U.S. federal budget. They argued, "A few days ago, the federal deficit hit $1 trillion. That’s right, the United States spent $1,000,000,000,000 more than we could afford in this fiscal year alone. Wisconsin families know that is not sustainable. We don’t rack up credit cards to the max, add tens of thousands in car loans, a hefty mortgage we can’t afford, and then expect our grandchildren to pay it all back.
Embedded in these 4 sentences are three (3) arguments used to support a balanced budget amendment. Identify the 3 arguments made in the sentences above. What are the direct counter-arguments to the three (3) arguments identified above by those who oppose a balanced budget amendment.
The three arguments made to support a balanced budget amendment in the above-mentioned sentences are as follows:1. The U.S. federal deficit has hit $1 trillion, which is not sustainable.2. Wisconsin families know that overspending is not sustainable.
3. The idea of racking up credit cards to the max, adding tens of thousands in car loans, a hefty mortgage we can’t afford, and then expecting grandchildren to pay it all back is unreasonable. The direct counter-arguments to the three arguments identified above by those who oppose a balanced budget amendment are as follows:
1. Opponents of a balanced budget amendment argue that sometimes, governments must spend more than they collect in taxes to avoid a recession. For example, during the COVID-19 pandemic, the United States provided stimulus checks and implemented economic stimulus packages to prevent a deeper recession.
2. Opponents argue that a balanced budget amendment would make it challenging to address national crises, such as natural disasters, economic downturns, or public health crises, which require significant spending.
3. Opponents argue that the Constitution already provides the necessary mechanisms for a balanced budget by authorizing Congress to regulate commerce, levy taxes, and borrow money on the credit of the United States.
To know more about sustainable visit:
https://brainly.com/question/32771548
#SPJ11
Indicate how the following transaction should be recorded:
Collected $300 in advance from customers.
Increase Cash, $300; Decrease Unearned Revenue, $300.
Increase Cash, $300; Increase Unearned Revenue, $300.
Increase Cash, $300; Increase Retained Earnings with Revenue, $300.
Increase Cash, $300; Increase Accounts Receivable, $300.
The following transaction of collecting $300 in advance from customers should be recorded by:Increase Cash, $300; Increase Unearned Revenue, $300.In this transaction, the company has collected $300 in advance from its customers.
The payment made by the customer has not been earned by the company yet and it will be earned later when the service is provided. Hence, this payment should be recorded as a liability until the service is provided to the customer.Therefore, it should be recorded as an increase in cash by $300 as it is the amount of cash received by the company. At the same time, the company should record an increase in unearned revenue by $300 because it is the amount of cash collected in advance from the customers, which the company is yet to earn.
Furthermore, if the company had provided services to the customers and then collected the payment, it should have been recorded as an increase in cash by $300 and an increase in revenue by $300. Hence, the correct option for recording the above transaction is:Increase Cash, $300; Increase Unearned Revenue, $300.
To know more about liability visit:
https://brainly.com/question/28391469
#SPJ11
At the end of each month the company desires its ending finished goods inventory to be \( 20 \% \) of the next month's projected sales (In units). The budgeted production (in units) for Tasty Foods fo
Given information:At the end of each month the company desires its ending finished goods inventory to be \( 20 \% \) of the next month's projected sales (In units).
The budgeted production (in units) for Tasty Foods for the next four months is shown below:
Production Schedule for Tasty FoodsIf the company desires its ending finished goods inventory to be \( 20 \% \) of the next month's projected sales (in units), then the ending finished goods inventory can be calculated as follows:
Ending finished goods inventory = \( 20 \% \) × Next month's projected salesThe next month's projected sales will be equal to the budgeted production for the next month. Hence, the ending finished goods inventory for each month can be calculated as follows:
Ending finished goods inventory for August = \( 20 \% \) × 10,000 units = 2,000 units
Ending finished goods inventory for September = \( 20 \% \) × 20,000 units = 4,000 units
Ending finished goods inventory for October = \( 20 \% \) × 30,000 units = 6,000 units
Ending finished goods inventory for November = \( 20 \% \) × 50,000 units = 10,000 units
Therefore, the company desires its ending finished goods inventory to be 2,000 units in August, 4,000 units in September, 6,000 units in October, and 10,000 units in November.
To know more about inventory , visit;
https://brainly.com/question/26977216
#SPJ11
If corporate objectives contain cost management objectives then
cost management metrics should be aligned to those objectives.
Question 16 options:
True
False
True.
Explanation: When corporate objectives contain cost management objectives, it means that the organization has set specific goals related to managing costs. In order to effectively measure and track progress towards these objectives, it is important to align the cost management metrics with the overall objectives.
By aligning the cost management metrics with the objectives, the organization can ensure that they are measuring the right things and evaluating the effectiveness of their cost management strategies in relation to the desired outcomes. This alignment allows for a clear understanding of whether the organization is on track to achieve its cost management objectives or if adjustments need to be made.
For example, if a company's cost management objective is to reduce overall expenses by 10% within a year, the corresponding cost management metrics could include tracking monthly expenses, identifying areas of high expenditure, and implementing cost-saving initiatives. These metrics would be aligned with the objective of reducing expenses and provide valuable insights into the progress being made.
In conclusion, when corporate objectives contain cost management objectives, it is important to align the cost management metrics to ensure that the organization can effectively measure and track progress towards achieving the desired outcomes. This alignment enhances the organization's ability to manage costs efficiently and make informed decisions based on the measured data.
To Know More about measured visit:
brainly.com/question/28913275
#SPJ11
If corporate objectives contain cost management objectives, then it is true that cost management metrics should be aligned to those objectives. This means that the metrics used to measure and track cost management should be directly linked to the goals and targets set by the company in relation to cost management.
By aligning the cost management metrics with the corporate objectives, companies can ensure that they are effectively monitoring and evaluating their progress towards achieving their cost management goals. This alignment allows for a more focused and targeted approach to cost management, as the metrics used provide insights into how well the company is performing in relation to its objectives.
For example, if a company's corporate objective is to reduce costs by 10% within a specific time frame, the cost management metrics should be designed to measure and track cost reductions. This could include metrics such as cost savings achieved, cost per unit produced, or cost reduction percentages.
In summary, when corporate objectives include cost management objectives, it is important to align the cost management metrics with those objectives. This ensures that the company can effectively monitor and evaluate its progress towards achieving its cost management goals. Therefore, the statement "If corporate objectives contain cost management objectives, then cost management metrics should be aligned to those objectives" is true.
Learn more about cost management
brainly.com/question/27073309
#SPJ11
Question: Who of the following most directly contributed to the modern study of human memory? a. Ebbinghaus b. Watson c. Donders d. Wundt
The person who most directly contributed to the modern study of human memory is Ebbinghaus. Hermann Ebbinghaus was a German psychologist who is most famous for his work on memory.
He was the first person to experimentally study human memory, pioneering the use of nonsense syllables as a way of studying memory. Below are the contributions of Hermann Ebbinghaus to the modern study of human memory:
Ebbinghaus's experiments were important for the development of psychology, especially cognitive psychology. Contribution 2: Ebbinghaus's studies on memory were groundbreaking, and his research remains significant today. Contribution 3: He was the first to use the scientific method to study memory. Contribution.
To know more about memory visit:
https://brainly.com/question/14829385
#SPJ11
Which of the following restrictions would not be included in an indenture in order to protect the bondholder?
(Select the best choice below.)
A. Limiting common stock dividends.
B. Setting limits on additional borrowing by the firm.
C. Prohibiting the sale of the firm's accounts receivable.
D. Restricting the purchase, but not sale of the firm's fixed assets.
D. Restricting the purchase, but not sale of the firm's fixed assets restrictions would not be included in an indenture in order to protect the bond holder.
An indenture is a legal contract that outlines the terms and conditions of a bond issuance and serves to protect the rights and interests of bondholders. It typically includes various restrictions imposed on the issuer to safeguard the bondholder's investment.
Option A, limiting common stock dividends, is a common restriction included in indentures to ensure that the issuer does not prioritize paying dividends to shareholders over meeting its obligations to bondholders. This restriction helps protect the bondholder's interest by ensuring that the issuer retains sufficient cash flows to make timely interest and principal payments on the bonds.
Option B, setting limits on additional borrowing by the firm, is another important restriction found in indentures. It helps prevent the issuer from taking on excessive debt, which could negatively impact the issuer's ability to fulfill its obligations to bondholders. By setting borrowing limits, the indenture seeks to maintain the issuer's financial stability and protect the bondholder's investment.
Option C, prohibiting the sale of the firm's accounts receivable, is another restriction commonly included in indentures. This limitation ensures that the issuer does not transfer or sell its accounts receivable to a third party, potentially jeopardizing the cash flows needed to fulfill its debt obligations. Prohibiting such sales protects the bondholder by maintaining the issuer's ability to generate sufficient cash to meet its payment obligations.
Option D, restricting the purchase (but not sale) of the firm's fixed assets, is the correct choice as it does not directly relate to protecting the bondholder's interest. While limitations on additional borrowing, dividend restrictions, and restrictions on the sale of assets help safeguard the bondholder's investment, restricting the purchase of fixed assets may not directly impact the bondholder's rights or the issuer's ability to meet its payment obligations.
In summary, option D is the restriction that would not typically be included in an indenture to protect the bondholder. The other options (A, B, and C) are commonly included in indentures to ensure the issuer's financial stability and prioritize the bondholder's interests.
To learn more about, assets, click here, https://brainly.com/question/14392032
#SPJ11
All of the following regarding the Garage Coverage Form are correct, except:
A. It provides automobile liability, physical damage, and general liability insurance for auto businesses
B. It provides coverage for product recall
C. It provides physical damage coverage for covered autos the named insured owns, hires, rents, leases, or borrows
D. Coverage is typically written using a blanket limit of insurance
All of the following regarding the Garage Coverage Form are correct except that it provides coverage for product recall. The statement "It provides coverage for product recall" is false in the Garage Coverage Form.
Garage Coverage Form is an auto policy that covers businesses that deal with autos. It provides automobile liability, physical damage, and general liability insurance for auto businesses.
Physical damage coverage is provided for covered autos the named insured owns, hires, rents, leases, or borrows. Coverage is typically written using a blanket limit of insurance.
It is important for businesses dealing with autos to have this policy so that they can protect themselves against potential losses or damages.
Garage Coverage Form is generally for businesses like auto dealers, repair shops, and service stations. This form covers physical damage to covered autos owned by a dealership. It is also a liability policy that covers bodily injury and property damage that results from garage operations.
To know more about Coverage visit:
https://brainly.com/question/14033527
#SPJ11
The Ford Motor Company's ______ _____ is the manufacture and marketing of automobiles and trucks
The Ford Motor Company's primary business is the manufacture and marketing of automobiles and trucks. The company has been in existence for over a century, and has been a major player in the automotive industry for much of that time.
Founded in 1903 by Henry Ford, the company has a rich history that includes many important innovations in automotive technology. The company's early success can be attributed to Ford's use of mass production techniques, which allowed the company to produce vehicles more quickly and cheaply than its competitors.
Ford's success has continued into the present day, with the company continuing to innovate and push the boundaries of what is possible in the automotive industry.
The company is also known for its commitment to sustainability, with a focus on reducing its environmental impact and developing more fuel-efficient vehicles.
In recent years, Ford has faced a number of challenges, including increased competition from foreign automakers and changing consumer preferences.
Despite these challenges, the company remains a major player in the automotive industry and is likely to continue to be so for many years to come.
To know more about automotive visit:
https://brainly.com/question/30578551
#SPJ11
A stock had returns of 18.70 percent, 22.16 percent, −15.44 percent,9.20 percent, and 28.27 percent for the past five years. What is the standard deviation of the returns?Multiple Choice 2.93%,17.12%13.69%,21.40%,29.30%
Standard deviation of returns:
The formula for standard deviation of returns is:
[tex]$$\sigma = \sqrt{\frac{1}{N} \sum_{i=1}^{N}(R_i-\bar{R})^2}[/tex]
Where $R_i$ is the return for period $i$, $\bar{R}$ is the average return over the $N$ periods and $\sigma$ is the standard deviation of returns.
Using this formula, we can calculate the standard deviation of the given stock returns as follows:
First, we calculate the average return: [tex]$\bar{R} = \frac {18.70 + 22.16 - 15.44 + 9.20 + 28.27}{5} = 12.58$[/tex].
Next, we calculate the deviations of each return from the average return and square them:[tex]$(R_1-\bar{R})^2[/tex]
[tex]= (18.70 - 12.58)^2[/tex]
[tex]= 37.69$$(R_2-\bar{R})^2[/tex]
[tex]= (22.16 - 12.58)^2[/tex]
[tex]= 92.27$$(R_3-\bar{R})^2[/tex]
[tex]= (-15.44 - 12.58)^2[/tex]
[tex]= 719.27$$(R_4-\bar{R})^2[/tex]
[tex]= (9.20 - 12.58)^2[/tex]
[tex]= 11.52$$(R_5-\bar{R})^2[/tex]
.[tex]= (28.27 - 12.58)^2 = 244.67$.[/tex]
Then we calculate the sum of these squared deviations:[tex]$\sum_{i=1}^{N}(R_i-\bar{R})^2 = 37.69 + 92.27 + 719.27 + 11.52 + 244.67 = 1105.42$[/tex]
Next, we divide by the number of periods $N$ and take the square root to get the standard deviation of returns:[tex]$$\sigma = \sqrt{\frac{1}{5} \sum_{i=1}^{5}(R_i-\bar{R})^2} = \sqrt{\frac{1105.42}{5}} \ approx 13.69\%$$[/tex].
Therefore, the standard deviation of the returns of the stock is approximately 13.69%.Option C (13.69%) is the correct answer.
To know more about deviation visit:
https://brainly.com/question/31835352
#SPJ11
Office equipment falls under this category of products : (a) Consumer (b) Industrial (c) Speciality (d) Convenience
Office equipment falls under the category of (b) Industrial products.
Industrial products are goods and services that are purchased by businesses and organizations for their own use in the production or operation of their business. Office equipment, such as computers, printers, fax machines, and furniture, are specifically designed and manufactured for use in office environments. These products are not intended for direct consumption by individual consumers but rather for organizational purposes.
Office equipment is essential for the day-to-day operations of businesses and plays a significant role in facilitating productivity and efficiency in office settings. These products are typically sold to businesses through business-to-business (B2B) transactions, where suppliers directly cater to the needs of organizations rather than individual consumers.
While office equipment may indirectly impact consumers by influencing the quality and efficiency of services provided by businesses, their primary purpose is to support the internal operations and productivity of organizations. Therefore, office equipment is considered an industrial product as it caters to the needs of businesses and contributes to their operational infrastructure rather than being a consumer product designed for direct consumption by individuals.
To learn more about Infrastructure - brainly.com/question/13218782
#SPJ11
Explain how JPMorgan Chase's practices contribute to the greater
good, or not. Explain how elements of a Christian worldview could
inform its practices to better contribute to the greater good.
JPMorgan Chase is one of the largest banking institutions worldwide, and it has played a significant role in shaping the world's economy.
Over the years, JPMorgan Chase's practices have contributed to the greater good, but they have also attracted criticism from various quarters. Some critics argue that the company's business practices and policies have created inequalities, while others praise the institution for promoting economic development, social justice, and environmental sustainability.
JPMorgan Chase's practices have contributed to the greater good in various ways. For instance, the company has invested heavily in renewable energy and sustainable technologies, reducing its carbon footprint and contributing to environmental sustainability. It has also launched numerous initiatives aimed at promoting financial literacy, reducing poverty, and empowering women and minorities through entrepreneurship and job creation.
On the other hand, JPMorgan Chase has also attracted criticism for its practices that have contributed to income inequality. Some critics argue that the company's business practices and policies have contributed to wealth concentration among the elite, creating a social divide between the rich and the poor.
In conclusion, a Christian worldview could inform JPMorgan Chase's practices to better contribute to the greater good by promoting social justice, equality, and environmental sustainability. Such a worldview could encourage the institution to consider the ethical implications of its business practices and policies and to act in the best interest of all stakeholders, not just shareholders.
Learn more about social justice: https://brainly.com/question/15132640
#SPJ11
blem #13 of 21
Balance sheet and income statement data indicate the following:
Bonds payable, 4 due in 20 years
$1.220.000
Preferred 8% stock, $100 par (no change during the year
203.000
Common stock, $50 per me change during the year)
1,030,000
Income before income tax expense for year
325,000
Income tax for year:
3,000
Common dividends pa
63.000
Preferred dividends paid
16.500
Assuming this is the first year of the annual note payment, what is the times interest earned ratio (rounded to two decimal places)?
O a 4.61
Ob. 6.66
Oc-4.67
O 4.7.66
Times interest earned ratio can be calculated by dividing income before income tax expense by interest expense. The income before income tax expense for year is 325,000.
Since no interest expense is given, we need to calculate it to find the times interest earned ratio.Bonds payable, 4 due in 20 years = 1,220,000 The annual interest payment is calculated by multiplying the face value by the stated interest rate. The stated interest rate is not given in the problem, but the market interest rate is 10%.Interest expense = 1,220,000 × 10% = 122,000 The times interest earned ratio is calculated as follows:Times interest earned ratio = Income before income tax expense / Interest expense= 325,000 / 122,000= 2.66
Since the annual note payment is not given, we cannot calculate the times interest earned ratio. Therefore, the correct answer is not among the given options.
To know more about payment visit :
https://brainly.com/question/32320091
#SPJ11
which of the following items would be included in 2016 gdp for mexico? multiple choice question. the value of food produced in mexico by american companies during 2016 the value of steel used in the manufacture of cars produced in mexico in 2016 the value of the services of mexican dentists working in the usa in 2016 the value of clothing produced in 2015 but sold in mexico during 2016
The value of food produced in Mexico by American companies during 2016. The value of steel used in the manufacture of cars produced in Mexico in 2016. The value of the services of Mexican dentists working in the USA in 2016.
1. The value of food produced in Mexico by American companies during 2016: This would be included in Mexico's 2016 GDP because it represents economic activity within the country, even if the companies producing the food are American-owned. The value of goods produced within a country's borders, regardless of the ownership of the companies, contributes to its GDP.
2. The value of steel used in the manufacture of cars produced in Mexico in 2016: This would also be included in Mexico's 2016 GDP. The value of intermediate goods, such as steel, that are used in the production process of final goods, like cars, is considered in the calculation of GDP. It reflects the value added at each stage of production.
3. The value of the services of Mexican dentists working in the USA in 2016: This would not be included in Mexico's 2016 GDP. GDP measures the value of goods and services produced within a country's borders. Since the services of Mexican dentists are provided outside of Mexico, they would not be part of Mexico's GDP but would contribute to the GDP of the country where the services are rendered (in this case, the USA).
4. The value of clothing produced in 2015 but sold in Mexico during 2016: This would not be included in Mexico's 2016 GDP. GDP measures the value of goods and services produced within a specific time period, usually a year. Since the clothing was produced in a previous year (2015), it would have already been accounted for in the GDP of that year. The sale of the clothing in 2016 would be considered a transfer of goods and not counted as new production in Mexico's 2016 GDP.
learn more about GDP here:
https://brainly.com/question/31197617
#SPJ11
Provo, Inc., had revenues of $7 million, cash operating expenses of $3.5 m tion, and depreciation and amortization of: 16-17. $1.5 million during 2021. The firm purchased $400,000 of equipment during the year while increasing its inventory by $200,000 (with no corresponding increase in current liabilities. The marginal tax rate for Provo is 40 percent. What is Provo's free cash flows for 2021? $2.100.000
$1.900.000
$2.300.000
$2.500.000
Option A, $2.100.000. Free cash flow measures the amount of cash generated by a company that is available for distribution among its security holders.
It is the cash a company produces through its operations, less the cost of expenditures on assets. In this case, we have the following data:
$7 million in revenue
$3.5 million in operating expenses
$1.5 million in depreciation and amortization
$400,000 spent on equipment
$200,000 increase in inventory (with no corresponding increase in current liabilities)
40 percent marginal tax rate
We can calculate Provo's free cash flows for 2021 using the following formula:
FCF = (Revenues - Cash operating expenses - Taxes - Increase in net working capital - Capital expenditures) * (1 - Tax rate)
Where:
Revenues = $7 million
Cash operating expenses = $3.5 million
Taxes = Taxable income * Tax rate
Increase in net working capital = Change in current assets - Change in current liabilities
Capital expenditures = $400,000
Depreciation and amortization = $1.5 million
Taxable income = Revenues - Cash operating expenses - Depreciation and amortization - Increase in net working capital - Capital expenditures
Thus:
Taxable income = $7 million - $3.5 million - $1.5 million - $200,000 - $400,000 = $1.4 million
Change in net working capital = $200,000 - 0 = $200,000
Taxes = $1.4 million * 0.4 = $560,000
FCF = ($7 million - $3.5 million - $560,000 - $200,000 - $400,000) * (1 - 0.4) = $2.1 million
Therefore, Provo's free cash flows for 2021 were $2.1 million.
Learn more about Depreciation and amortization: https://brainly.com/question/32804604
#SPJ11
The following information were found from the records of FDN Company: Net Purchases P90,000 Purchase Return = P5,000 Purchase discount = P5,000 = If the company purchased goods on terms 20% trade discount and cash discount is 5/10, n/30, how much is the list price provided by the Seller?
The amount of list price provided by the seller for 20% trade and cash discounts is P116,625.
Trade discounts are discounts offered by sellers or manufacturers to buyers for the purpose of increasing sales and reducing costs. The trade discount is subtracted from the seller's list price to determine the discounted price at which the buyer will purchase the goods.To calculate the list price, you need to use the following formula:
List Price = Net Price / (1 - Trade Discount Rate)
We know that Net Purchases are P90,000.
Purchase Return is P5,000.
Purchase Discount is P5,000.
The total purchase discount is P10,000. Thus, the net purchase after deducting purchase returns and purchase discounts is P80,000.
Now, let's calculate the trade discount rate:
Trade Discount Rate = Trade Discount / List Price
We don't know the list price, so let's use LP as a placeholder for the list price.Using the terms given in the question, the cash discount for paying within ten days is 5%.
This means that if the buyer pays within ten days, he will receive a 5% discount on the list price.So, the net price is calculated as follows:
Net Price = List Price - Trade Discount - Cash Discount
Let's substitute the given values in the formula.
P80,000 = LP - (20% * LP) - 5% * LP * (100% - 5%)
LP = P116,625
Therefore, the list price provided by the seller is P116,625.
To know more about discounts visit :
brainly.com/question/11383539
#SPJ11
Prepare post-closing trial balance.
Check Figures: Adjustment Amount $5766.67, Net Income $49,408.33
Record the following transactions to the journal and post it to the T-accounts. Make a footing and get the ending balance of each account. Prepare your trial balance in the worksheet template.
December 2021
2 Paid wages from last month $1,500.
4 additional investment of $5,000 from S. Joe’s savings account.
10 Collected $1,500 from fees earned previously.
15 Billed client for services rendered, $1,500
20 Paid wages expense $ 1,800.
23 Received telephone bill to be paid later, $150
25 Provided cleaning services in cash $1,000.
26 Purchase cleaning supplies on account $ 1,200.
27 Payment of accounts payable $1,000.
28 Paid gasoline $500.
Record the following in the adjustment journal template then post it to the T-accounts.
additional information for adjustments for December 31, 2021.
Unexpired prepaid rent is $750.
The annual prepaid insurance was paid Nov. 1 $2,500. Record the expired portion.
Cleaning supplies on hand, $3,200.
Depreciation expense office equipment, $110.
Cleaning Equipment original cost $12,000 with a residual value $800, useful life is 5 years. Record the annual depreciation expense.
Record the vehicle depreciation expense $300.
Accrued wages $ 950.
A. Prepare a trial balance using the ending balances to ensure the debits equal the credits.
B. Adjustments include recognizing the expired portion of prepaid insurance, depreciation expenses for office equipment and cleaning equipment, vehicle depreciation expense, and accrued wages.
C. The Balance Sheet presents the assets, liabilities, and owner's equity at a specific point in time.
D. Capital account involves transferring the balances from these accounts to the owner's capital account and resetting their balances to zero.
E. Post-closing trial balance ensures that all temporary accounts have been closed and the debits equal the credits, providing a clean start for the next accounting period.
A.) Record the following transactions to the journal and post it to the T-accounts. Make a footing and get the ending balance of each account. Prepare your trial balance in the worksheet template.
1. December 2: Paid wages from last month - Debit Wages Expense $1,500 and Credit Cash $1,500.
2. December 4: Additional investment of $5,000 from S. Joe's savings account - Debit Cash $5,000 and Credit Capital $5,000.
3. December 10: Collected $1,500 from fees earned previously - Debit Cash $1,500 and Credit Accounts Receivable $1,500.
4. December 15: Billed client for services rendered - Debit Accounts Receivable $1,500 and Credit Fees Earned $1,500.
5. December 20: Paid wages expense - Debit Wages Expense $1,800 and Credit Cash $1,800.
6. December 23: Received telephone bill to be paid later - Debit Telephone Expense $150 and Credit Accounts Payable $150.
7. December 25: Provided cleaning services in cash - Debit Cash $1,000 and Credit Fees Earned $1,000.
8. December 26: Purchased cleaning supplies on account - Debit Cleaning Supplies $1,200 and Credit Accounts Payable $1,200.
9. December 27: Payment of accounts payable - Debit Accounts Payable $1,000 and Credit Cash $1,000.
10. December 28: Paid gasoline - Debit Gasoline Expense $500 and Credit Cash $500.
B.) Record the following in the adjustment journal template then post it to the T-accounts. Provide additional information for adjustments for December 31, 2021.
1. Unexpired prepaid rent is $750 - Debit Rent Expense $750 and Credit Prepaid Rent $750.
2. The annual prepaid insurance was paid on November 1, $2,500. Record the expired portion - Debit Insurance Expense $208.33 (2,500/12) and Credit Prepaid Insurance $208.33.
3. Cleaning supplies on hand - Debit Cleaning Supplies Expense $3,200 and Credit Cleaning Supplies $3,200.
4. Depreciation expense office equipment - Debit Depreciation Expense $110 and Credit Accumulated Depreciation $110.
5. Cleaning Equipment original cost $12,000 with a residual value $800, useful life is 5 years. Record the annual depreciation expense - Debit Depreciation Expense $2,240 [(12,000 - 800)/5] and Credit Accumulated Depreciation $2,240.
6. Record the vehicle depreciation expense - Debit Depreciation Expense $300 and Credit Accumulated Depreciation $300.
7. Accrued wages - Debit Wages Expense $950 and Credit Accrued Wages $950.
C.) Prepare your financial statements (Income Statement, Owner's Equity Statement, Balance Sheet). To prepare the Income Statement, list all the revenue and expense accounts and calculate the net income (revenue - expenses). To prepare the Owner's Equity Statement, list the owner's capital, additional investments, and net income. Calculate the ending owner's equity. To prepare the Balance Sheet, list all assets, liabilities, and owner's equity accounts and calculate the total assets, total liabilities, and total owner's equity.
D.) Perform the closing process. Close the temporary accounts (revenue, expense, and withdrawals) by transferring their balances to the owner's capital account.
E.) Prepare the post-closing trial balance. List all the permanent accounts (assets, liabilities, and owner's equity) after the closing process. The total debits should equal the total credits. Remember to check for accuracy and ensure that the debit and credit entries are correctly recorded in the journal, T-accounts, and financial statements.
Learn more about trial balance here
https://brainly.com/question/33552586
#SPJ11
which economic theory does this quote best support? businesses and jobs rely most strongly on consumer demand. government regulation is necessary to stabilize the economy. markets operate best when allowed to operate freely. private individuals can best make their own economic decisions.
The economic theory does this quote best support is private individuals can best make their own economic decisions. Option D is the correct answer.
Consumers spend their own money purchasing what they consume: Economics textbooks often assume that consumers make purchasing decisions based on their own preferences and available budget. This assumption implies that consumers have control over their spending decisions and are not influenced by illegal activities like kickbacks.
Consumers are rational and respond to incentives: Economics assumes that consumers make rational decisions by weighing costs and benefits. In this context, kickbacks introduce an external incentive that distorts the rational decision-making process. Kickbacks can sway consumers to choose a product or service not based on its inherent value or quality but rather due to the illicit financial incentives involved.
Property rights are well defined: Well-defined property rights are a fundamental aspect of market economies. They provide a legal framework that ensures individuals and businesses have secure ownership over their assets and can freely engage in transactions. Kickbacks, however, involve clandestine transactions that undermine transparent and legally recognized property rights.
Government officials are altruistic and do their best to help voters: Economics textbooks often assume that government officials act in the public interest, aiming to maximize social welfare rather than pursuing personal gains. Kickbacks involve bribery or corrupt practices, suggesting that government officials may prioritize their own interests over the well-being of the public.
For such more question on economic:
https://brainly.com/question/28210218
#SPJ8
Growth in the LS Economy Improves US economie growth accelerated in the last three months of 2010 to an annnalised rate of 3.2%, corresponding to a 0 . 78% quarterly increase. This compares with an aanaial GDP rate of 2.6%. from the Commerce Department in the previous quarter. A rise in consumer spending coatribated to the growth, as did falling imports. The labor Department saijd that wages and benefits rose 2% in 2010 , which is faster than 2009 , but still the second slowest rate since records began. The Labor Department has been collecting the figures for 28 years. The fourth-quarter GDP figure is a first estimate , and could be revised either up or down in the coming months. The US economy grew by 2.9% in the whole of 2010 , which is the strongest year of growth since 2005 . The 4.4% rise in consamer spending had a particularly streag effect because such spending accounts for more than two thirds of US economic activity. "Lnfortunately we still need to see much stronger growth to begin to really make a deat in the unemployment rate," said Ryan Sweet at Moody's Analytics. in West Chester. Pennsylvaaia . Source: BBC.co,nk 1. Explain what is meant by 'US economic growth'. 2. With reference to the article and your knowledge discuss the factors that might lead to a growth in GDP. (4 inarks) 3. GDP is an indicator of living standards in a country. Discuss how useful this is in comparing the living standards between two countries. Growth in the US Economy Improves US economic growth accelerated in the last three months of 2010 to an annwalised rate of 3.2%, corresponding to a 0 . 78\%s qurterly inctease This compares with an anaul GDP rate of 2.6% from the Commerce Department in the previous quarter. A rise in consumer spendiag contributed to the growth, as did falling imports. The I abor Department said that wages and benefits rose 2% in 2010 , which is faster than 2009 , but still the second slowest rate since reconds began. The Labor Department has been collecting the figures for 28 years. The fourth-quarter GDP figure is a first estimate, and conld be revised either up or dowa ii the coeniige months. The US economy grew by 2.9% in the whole of 2010 , which is the strongest year of growth since 2005 . The 4.4% rise in coesurier speading had a particilarly struef effect because such spending accounts for more than fwo thirds of US economic activity. "Unfortunately we still need to see much stronger growth to begin to really make a dent in the unemployment rate," said Ryan Street at Moedy's Analytics in Weit Chester, Pennsylvatia - Source: BBC, co,nk: 1. Explain what is meant by 'US economic growth'. 2. With reference to the article and your knowledge discuss the factors that might lead to a growth in GDP. (4 mark) 3. GDP is an indicator of living standards in a country. Discuss how useful this is in comparing the livita staiards between fwo countries (4 makie)
The term "US economic growth" refers to the rate of increase in the gross domestic product (GDP) of the United States over a given period, typically a quarter or a year. It indicates the extent to which the US economy is expanding or contracting.
2. Factors that might lead to a growth in GDP
With reference to the article and our knowledge, the factors that might lead to growth in GDP are:
Consumer spending: This refers to the amount of money that individuals spend on goods and services. It is a major component of GDP. When consumers spend more, GDP increases, and when they spend less, GDP decreases. The rise in consumer spending contributed to the growth of the US economy during the last quarter of 2010.Import: When the imports decrease, it will increase the GDP rate as there is less expenditure on importing goods and services. Thus, it helps to increase GDP.
Wages and benefits: An increase in wages and benefits leads to higher disposable income for consumers. This can result in more spending, which in turn can lead to an increase in GDP. However, in the last quarter of 2010, the rate of increase was slower than in previous years.
Fiscal policies: Fiscal policies such as tax cuts and increased government spending can stimulate economic growth and lead to an increase in GDP.
3. Usefulness of GDP in comparing living standards between two countries
GDP is an important indicator of the standard of living of a country's residents. It measures the value of all the goods and services produced within a country in a given period. GDP can be used to compare the standard of living between two countries. However, it does not provide a complete picture of the standard of living, as it does not account for income distribution, quality of life, and environmental factors. Therefore, other indicators such as the Human Development Index (HDI) may be used alongside GDP to provide a more comprehensive assessment of living standards.
Learn more about Human Development Index (HDI): https://brainly.com/question/33451302
#SPJ11
need formulas
not just anwsers
example: "=SUM(B6,B7,B8)"
Addison, Inc. makes a single product, an indoor fireplace, and has provided data from last year of operations. The Controller has asked you to compare income statements if the company used the variabl
The formulas to compare income statements if the company used the variable costing method instead of the
absorption costing method are as follows1.
Variable costing net income formula Variable costing net income = Total revenues - Variable costs - Fixed manufacturing costs - Fixed selling and administrative costs2. Absorption costing net income formula Absorption costing net income = Total revenues - Cost of goods sold (COGS) - Fixed manufacturing costs - Fixed selling.
Fixed manufacturing costs are treated as period expenses and are not included in the cost of goods sold. As a result, the cost of goods sold under variable costing is lower than under absorption costing, and net income is higher. Absorption costing is a method of accounting in which all manufacturing costs, both fixed and variable.
To know more about compare visit:
https://brainly.com/question/30665290
#SPJ11
