Wo Gye A Tua Credit Union was incorporated in Ghana in July 2010 with the authorized capital of 2.500,000 equity shares of no-par value, of which 1.000,000 shares have been issued for a cash consideration of GHel0 each.
Provision is to be made for PPE at 12% on the cost per annum. Allocate all the cpprecated amount to operating, general, and administration expenses. As at 31/12/2021, Wo Gye A Tua Credit Union issued 1,000,000 equity shares which were fully accepted at GHe? per share. This transaction is not shown in the trial balance above. 25% of the net surplus should be transferred to the statutory reserves. The provision for impaired loans should be 10% of the loan balances as at 31/12/2021. Staff clothing allowance in areas amounted to GHc1.500.000.
Authorized share capital 2,500,000
Issued share capital 1,000,000
Stated capital 2,500,000
Retained earnings 600,000
Total equity 3,100,000
Total liabilities and equity 4,690,000.
To know more about Provision visit:
https://brainly.com/question/11338139?referrer=searchResults
#SPJ11
At the onset of the COVID-19 pandemic, the provincial governments of Canada implemented lockdowns and stay home orders to contain the spread of the virus. What would you predict the government’s containment policy is on the supply of labor and equilibrium wage in Canada? What would be the effect in total output in Canada?
Lionel Messi is one of the highest paid soccer players in the world because of his great talents. For any team that hires Lionel Messi, what portion of Messi’s salary is economic rent? For the soccer industry, what portion of Messi’s salary is economic rent? Explain
At the onset of the COVID-19 pandemic, the provincial governments of Canada implemented lockdowns and stay home orders to contain the spread of the virus.
Government’s containment policy is on the supply of labor and equilibrium wage in Canada are a few factors that are worth noticing.
The containment policy will make it difficult for the businesses to continue their operations, and as a result, they will be forced to lay off their employees and hire fewer new ones. This means that the supply of labor will increase, which will drive the equilibrium wage downward.
Total output in Canada is also affected by the containment policy. As the labor force gets affected by the policy, businesses' productivity is impacted, which means that total output will also be reduced.
The portion of Lionel Messi’s salary that can be considered as economic rent is the additional payment he receives due to his skills and talents. It is the excess payment he receives compared to the amount he would receive if he were paid just the market wage.
For the soccer industry, a significant portion of Messi’s salary can be considered economic rent as his talent and skills set him apart from other players.
The portion of Messi’s salary that is economic rent is dependent on the balance between the supply and demand for his services in the market.
To know more about containment policy
https://brainly.com/question/201204
#SPJ11
if your rent increases from $1,000 to $1,100 over a period of one year and your income rises from $6,000 to $7,000, your nominal income has
A. Increased, and your real income has increased. B. Decreased, and your real income has decreased. C. Increased, but your real income has remained the same. D. Increased, but your real income has decreased
Option A is the correct answer: Increased, and your real income has increased.
Nominal income refers to the actual dollar amount of income earned, while real income takes into account changes in purchasing power by adjusting for inflation. In this scenario, your nominal income has increased from $6,000 to $7,000. This means that your actual dollar amount of income has gone up.
However, to determine if your real income has increased, we need to consider the impact of inflation. The scenario does not provide information about inflation, so we assume there is no change in the general price level.
In this case, since your income has increased by $1,000 and your rent has increased by $100, you have more disposable income available. Thus, your real income has increased, as you can afford more goods and services even after accounting for the increase in rent.Option A is correct.
For more such questions on income
https://brainly.com/question/30157678
#SPJ8
4) The total and marginal cost functions for a typical soft coal producer are: TC 75,000+ 0.102 and MC=0.2Q where Q is measured in railroad cars per year. The industry consists of 55 identical producers. The market dem. curve is: QD=140,000 - 425P, where P is the price per carload. The market can be regarded as competitive.
Market Equilibrium for Soft Coal ProducersThe given data suggests that the industry consists of 55 identical producers and the market can be considered competitive. The market demand curve is QD = 140,000 – 425P where P is the price per carload. The market is in equilibrium when the total quantity supplied equals the total quantity demanded. In other words, we need to find the price and quantity at which the quantity supplied and demanded is equal.
The total cost (TC) function for a typical soft coal producer is given as:
TC = 75,000 + 0.102Qwhere Q is the number of railroad cars per year. The marginal cost (MC) function for a typical soft coal producer is given as:MC = 0.2QNow, the output (Q) is 55 times the output of a single firm, so the total cost function for the industry would be:TC = 55 × 75,000 + 0.102Q = 4,12,500 + 0.102QAt equilibrium, the total quantity supplied by all the firms in the industry is equal to the total quantity demanded in the market. Therefore, we can set the market demand and supply equal to each other:QD = QS140,000 – 425P = 55 × 0.2QQD = 140,000 – 425PQS = 11Q… (1)Substitute (1) in QD:QD = 140,000 – 425P140,000 – 425P = 11QQ = 10,000 – 2.47PNow substitute this value of Q in the total cost function:TC = 4,12,500 + 0.102QTC = 4,12,500 + 0.102 (10,000 – 2.47P)TC = 4,12,500 + 1020 – 0.252PAt equilibrium, MC = MR (Marginal Cost equals Marginal Revenue). Therefore, we can equate the derivative of the total cost function to the derivative of the revenue function to find the optimal price and quantity:MC = 0.2QMR = TR / Q = P × QD / Q = P × (140,000 – 425P) / Q= P × (140,000 – 425P) / (10,000 – 2.47P)0.2Q = P × (140,000 – 425P) / (10,000 – 2.47P)2,000Q = P (140,000 – 425P) / (10,000 – 2.47P)2,000(10,000 – 2.47P) = P (140,000 – 425P)4,000,000 – 9,880P = 140,000P – 425P2,550P2 + 140,000P – 4,000,000 = 0Now we solve the quadratic equation to find the price:P = ($31.11, $10.93)Since the price cannot be negative, we discard the negative solution. Therefore, the equilibrium price in the market is $31.11 per carload.Now, substitute this value of P in equation (1) to get the equilibrium quantity:Q = 10,000 – 2.47PQ = 10,000 – 2.47(31.11)Q = 2,655The equilibrium quantity is 2,655 railroad cars per year.Therefore, the market equilibrium for soft coal producers is $31.11 per carload and 2,655 railroad cars per year.
To know more about Equilibrium visit:
https://brainly.com/question/30694482
#SPJ11
Research has shown a consistent wage gap between men and women, even when education and professional experience between them are equivalent. What factors contribute to this disparity and how can businesses best adjust their practices to address it?
The persistent wage gap between men and women, even with equivalent education and professional experience, can be attributed to various factors. These include gender biases and stereotypes, occupational segregation, lack of women in leadership positions, and work-life balance challenges.
To address this disparity, businesses can implement several practices. Firstly, promoting pay transparency can help identify and rectify any existing gender-based pay discrepancies. Secondly, implementing policies that promote equal opportunities for career advancement and leadership positions can help break the glass ceiling. Thirdly, providing family-friendly policies, such as flexible work arrangements and parental leave, can support work-life balance for both men and women.
Additionally, fostering a culture of diversity and inclusion, implementing unconscious bias training, and ensuring diverse representation in decision-making processes are crucial steps. By actively addressing these factors and promoting gender equality in their practices, businesses can contribute to narrowing the wage gap and fostering a more equitable work environment.
To learn more about leadership, click here.
https://brainly.com/question/32010814
#SPJ4
sales for the year 700,000 current balance of bad debt expense (debit) 35,000 ending balance of accounts receivable 84,000 current balance allowance for doubtful accounts (credit) 40,000 percent of sales uncollectible 2.00% percent of accounts receivable uncollectible 3.50% assuming the income statement approach, what is amount of the entry to adjust bad debt expense and allowance for doubtful accounts?
Based on the income statement approach, the amount to adjust bad debt expense is $14,000, and the adjustment to the allowance for doubtful accounts is $2,940. The adjustment will increase the bad debt expense and the allowance for doubtful accounts on the income statement and balance sheet, respectively.
The income statement approach for estimating bad debt expense considers a percentage of sales as uncollectible. In this case, the sales for the year are $700,000, and the percent of sales uncollectible is 2.00%. Therefore, the estimated bad debt expense can be calculated as follows:
Bad Debt Expense = Sales * Percent of Sales Uncollectible
Bad Debt Expense = $700,000 * 0.02
Bad Debt Expense = $14,000
Next, we need to adjust the allowance for doubtful accounts on the balance sheet. The ending balance of accounts receivable is $84,000, and the percent of accounts receivable uncollectible is 3.50%. The adjustment can be calculated as follows:
Adjustment to Allowance for Doubtful Accounts = Ending Accounts Receivable * Percent of Accounts Receivable Uncollectible
Adjustment to Allowance for Doubtful Accounts = $84,000 * 0.035
Adjustment to Allowance for Doubtful Accounts = $2,940
The entry to adjust bad debt expense and allowance for doubtful accounts would be:
Debit: Bad Debt Expense $14,000
Credit: Allowance for Doubtful Accounts $2,940
Therefore, based on the income statement approach, the amount to adjust bad debt expense is $14,000, and the adjustment to the allowance for doubtful accounts is $2,940.
Learn more about debt here:
brainly.com/question/27954015
#SPJ11
A project manager is leading an effort to build a new factory near a river, and the local population is concerned about the impact of the factory on the waterway. In response, the local council will conduct regular inspections. Which of the following are the most likely effects to the project? (Select THREE)
A. Quality will increase
B. Additional resources will be required
C. The schedule will be impacted
D. Additional deliverables will be required
E. The burn rate will decrease
F. The cost will increase
G. The budget will increase
The project manager is leading a project to build a new factory near a river, and the local population is worried about the effect of the factory on the river. To address their concerns, the local council will conduct regular inspections. The most likely impacts to the project are:
B. Additional resources will be required.
C. The schedule will be impacted.
F. The cost will increase.
When a new factory is being built near a river, the local population may be concerned about the environmental effects of the factory on the river, and as a result, the local council may conduct routine inspections to assess the environmental effect of the factory on the river.
In such a scenario, it is likely that additional resources would be required to help satisfy the local population's concern and ensure that the inspections go smoothly. Additionally, the regular inspections are likely to have an impact on the project's schedule, which could result in a delay in the project's completion.
Finally, regular inspections necessitate additional expenses, which are likely to result in a cost increase.
To know more about project manager visit:
https://brainly.com/question/29023210
#SPJ11
economists generally agree that an open market for international trade is a desirable public good. however, each individual nation has an incentive to raise tariffs and import restrictions, regardless of what other countries are doing, to gain the maximum amount of wealth. what kind of collective dilemma do nations face when trying to form an open market for trade?
Nations face a collective dilemma known as the "Prisoner's Dilemma" when trying to form an open market for trade. This dilemma arises from the individual incentives of nations to raise tariffs and import restrictions, which can hinder the establishment of an open market.
The collective dilemma that nations face in forming an open market for trade is often described as a version of the Prisoner's Dilemma. The Prisoner's Dilemma is a concept in game theory where individuals or entities face a situation in which they can either cooperate or act in their self-interest. In the case of international trade, each nation has an incentive to raise tariffs and import restrictions to protect domestic industries and maximize their own wealth.
However, when every nation acts in its self-interest and imposes trade barriers, it leads to a suboptimal outcome for all countries involved. The collective result is reduced global trade, increased prices for consumers, inefficient allocation of resources, and overall economic inefficiency.
To overcome this dilemma and promote an open market for trade, international cooperation and agreements such as free trade agreements and multilateral trade organizations are established. These agreements aim to provide mutual benefits to participating nations by reducing barriers to trade, promoting fair competition, and fostering economic growth.
While economists generally agree that an open market for international trade is desirable, the challenge lies in convincing individual nations to prioritize collective gains over short-term self-interest. Negotiations, diplomacy, and the recognition of long-term benefits can help address the collective dilemma and foster an environment conducive to international trade cooperation.
Learn more about market here: brainly.com/question/30775788
#SPJ11
What is the value today of a money machine that will pay $1,269.00 per year for 20 00 years? Assume the first payment is made 10.00 years from today and the interest rate is 11.00%. Submit Answer format: Currency Round to: 2 decimal places What is the value today of a money machine that will pay $2,053.00 every six months for 10 00 years? Assume the first payment is made six months from today and the interest rate is 13.00%. Submit Answer format: Currency Round to 2 decimal places What is the value today of a money machine that will pay $4.99300 every sax months for 2700 years? Assume the first payment is made 500 years from today and the interest rates 9.00 Subraut Answer format: Currency Round to 2 decimal places Points: 2/5 Grade 40 Progress 40 * Hide
The present value of the money machine payments: Value today: $31,545.16, Value today: $58,974.12, Value today: $1,278.15
To calculate the present value of the money machine payments, we can use the formula for the present value of an annuity:
[tex]PV = PMT * (1 - (1 + r)^(-n)) / r[/tex]
Where PV is the present value, PMT is the payment amount, r is the interest rate per period, and n is the number of periods.
For the first scenario, with payments of $1,269.00 per year for 200 years, with the first payment made 10 years from today at an interest rate of 11.00%:
[tex]PV = 1269 * (1 - (1 + 0.11)^(-200)) / 0.11[/tex]
For the second scenario, with payments of $2,053.00 every six months for 100 years, with the first payment made six months from today at an interest rate of 13.00%:
[tex]PV = 2053 * (1 - (1 + 0.13)^(-200)) / 0.13[/tex]
For the third scenario, with payments of $4.99300 every six months for 2700 years, with the first payment made 500 years from today at an interest rate of 9.00%:
[tex]PV = 4.993 * (1 - (1 + 0.09)^(-5400)) / 0.09[/tex]
Please note that the provided interest rates and time periods are not commonly encountered in financial calculations, and the resulting present values may not be realistic or meaningful in practical terms.
learn more about interest rate here:
https://brainly.com/question/32931568
#SPJ11
In 2018, Beth taught music and earned $40,000. On January 1, 2019, she quit teaching and started a Web site design business. The information on the right describes her first year in the new business. What are Beth's explicit costs, implicit costs, and economic profit in 2019? Beth's explicit costs are OA. $3,500; $76,200 B. $76,200; $3,500 C. $75,700; $7,500 D. $47,500; $79,500 E. $7,500; $75,700 Beth's economic profit in 2019 is OA. -31,200 B. -4,700 O c. 30,000 OD. -34,700 OE. 41,500 *** and her implicit costs are dollars. Question Facts In 2018, Beth taught music and earned $40,000. In 2019, i ii iii iv V vi She stopped renting out her basement for $5,500 a year and used it as her business office instead. She paid $2,500 for the lease of a Web Server and $1,000 for high-speed Internet service. She earned interest at 5 percent a year on her savings account balance. She took $4,000 from her savings account to buy a computer. At the end of 2019, Beth could have sold her computer for $3,500. She received a total revenue of $45,000 from her Web site design business. Normal profit is $30,000 a year.
The explicit costs, implicit costs, and economic profit of Beth in 2019 are as follows:Explicit costs are those that are directly incurred, such as lease costs and other costs. In 2019, Beth's explicit costs amounted to $3,500 (the sum of the lease of a Web server and high-speed Internet service).Answer: A. $3,500; $76,200Implicit costs are expenses that aren't directly incurred but are still important.
The rental value of the basement that Beth previously rented out for $5,500 per year and that she now uses as her business office is an example of an implicit cost. The lease she could have gained, or the value of using the basement for other reasons, is the implicit cost. The implicit cost is $5,500.Economic profit equals total revenue minus explicit costs minus implicit costs. The economic profit of Beth in 2019 is $45,000 – ($3,500 + $5,500) = $36,000 – Normal Profit ($30,000) = $6,000Answer: OE. 41,500
To know more about profit, visit:
https://brainly.com/question/32864864
#SPJ11
Why would a firm decide to reposition itself? Provide an example
of a company / organization that repositioned itself.
A firm may decide to reposition itself in order to adapt to changing market conditions, meet new customer demands, or gain a competitive advantage
. Repositioning involves changing the perception or image of a company or its products/services in the minds of consumers. This can be done through various strategies, such as altering the target market, rebranding, modifying the product/service offering, or changing the marketing approach.
One example of a company that successfully repositioned itself is Apple Inc. In the late 1990s, Apple was primarily known for its Macintosh computers and was struggling to compete with Microsoft's dominant position in the PC market. However, under the leadership of Steve Jobs, Apple decided to reposition itself as a provider of innovative consumer electronics and digital services. They introduced game-changing products like the iPod, iPhone, and later the iPad, which revolutionized the music, smartphone, and tablet industries. By shifting its focus from computers to consumer electronics, Apple was able to differentiate itself from its competitors and become one of the most valuable and influential companies in the world.
Firms may choose to reposition themselves for several reasons. One common reason is to adapt to changing market conditions. For example, technological advancements can render a company's products or services obsolete. In such cases, a firm may decide to reposition itself by embracing new technologies or diversifying its offerings to stay relevant.
Another reason for repositioning is to meet new customer demands. Consumer preferences and behaviors evolve over time, and a firm may need to adjust its positioning to align with these changing needs. This could involve modifying product features, improving customer service, or targeting a different demographic.
Moreover, repositioning can be a strategic move to gain a competitive advantage. By analyzing the strengths and weaknesses of competitors, a firm can identify gaps in the market and reposition itself to fill those gaps. This allows the firm to differentiate itself and attract customers who are seeking alternatives in the market.
In conclusion, a firm may decide to reposition itself in order to adapt to changing market conditions, meet new customer demands, or gain a competitive advantage. One example of successful repositioning is Apple Inc., which shifted its focus from computers to consumer electronics and revolutionized several industries. Repositioning can be a strategic move to stay relevant and differentiate from competitors, ultimately leading to business success.
To Know More about business visit:
brainly.com/question/15826604
#SPJ11
Repositioning is when a firm decides to change its brand image, target market, or overall positioning in the market in order to adapt to new market conditions or to better differentiate itself from competitors. Firms may choose to reposition themselves for a variety of reasons, including declining sales, changes in consumer preferences, or shifts in the competitive landscape.
One example of a company that successfully repositioned itself is Apple Inc. In the late 1990s, Apple was primarily known for its Macintosh computers, but was facing declining sales and struggling to compete with Microsoft's dominance in the PC market. In 1997, Apple hired Steve Jobs as its CEO, and he initiated a strategic repositioning effort.
Under Jobs' leadership, Apple shifted its focus from being solely a computer company to becoming a leader in consumer electronics and innovation. The company launched iconic products such as the iPod, iPhone, and iPad, which revolutionized the music, smartphone, and tablet industries respectively. By repositioning itself as a provider of cutting-edge, user-friendly devices, Apple was able to differentiate itself from competitors and regain its status as a market leader.
In summary, firms may decide to reposition themselves in order to adapt to changing market conditions, better meet customer needs, or differentiate themselves from competitors. Apple's successful repositioning from a computer company to a leader in consumer electronics is a prime example of how strategic repositioning can help a firm thrive in a competitive marketplace.
Learn more about target market
brainly.com/question/6253592
#SPJ11
The following data relate to the Blending Department of Tru-Colour Paint Company for a recent month: Number of Units Conversion costs percentage complete Beginning work in process inventory 9,000 60% Units started into production 45,000 - Units completed and transferred out 46,000 - Ending work in process inventory 8,000 25% All materials are added prior to the beginning of work in the Blending Department. Assuming that Tru-Colour Paint Company uses the FIFO method, what are the equivalent units of production for conversion costs? Question 10 options: 42,600 units. 54,000 units. 44,400 units. 46,000 units.
The equivalent units of production for conversion costs in Tru-Color Paint Company using the FIFO method are 54,000 units.
FIFO means First-In-First-Out. It is a stock control method that involves selling the oldest stock first. According to FIFO, the inventory purchased first is the first one to be sold or used first, and the most recently purchased inventory is sold last.
Therefore, the equivalent units of production using the FIFO method for conversion costs is: Total EUP = 5,400 units (beginning work in process) + 46,000 units (units completed and transferred out) = 51,400 units. Also, since the question is asking for the equivalent units of production for conversion costs, the answer should be rounded off to the nearest thousand, which is 54,000 units. Therefore, the correct answer is option B, 54,000 units.
To know more about equivalent visit:
https://brainly.com/question/25197597
#SPJ11
Instructions
Calculate Taxable Income and Income Tax on the Taxable Income
using the methodology
Case 6: Mr. Comfort has following incomes and other
items
Employment Income (Salary)
$98,554.00
Given,Employment Income (Salary) = $98,554.00We are to calculate taxable income and income tax on taxable income using the following methodology.Methodology to calculate taxable income and income tax
We know that,Income tax = Taxable income × Tax rate – Deduction
For computing income tax, we need to compute taxable income first.To compute taxable income, we need to subtract various allowable deductions from the gross income.According to the question,Mr. Comfort has only one type of income that is employment income.Therefore, the gross income of Mr. Comfort will be equal to his employment income, which is $98,554.00.
Taxable income= Gross income − DeductionsHere, as there are no deductions mentioned in the question, the gross income is equal to the taxable income.Tax rate schedule is given below,Income Tax RatesFirst $48,535.00 15%Over $48,535.00 up to $97,069.00 20.5%Over $97,069.00 up to $150,473.00 26%Over $150,473.00 up to $214,368.00 29%Over $214,368.00 33%As Mr. Comfort's taxable income is $98,554.00, his tax rate will be 20.5% (as per the tax rate schedule given above).Therefore,Income tax on taxable income = $98,554.00 × 20.5%Income tax on taxable income= $20,194.17Hence, the taxable income is $98,554.00 and the income tax on taxable income is $20,194.17.
To know more about taxable , visit;
https://brainly.com/question/30157668
#SPJ11
which is an appropriate method of preparing a common-size cash flow statement? show each item of revenue and expense as a percentage of net revenue. show each line item on the cash flow statement as a percentage of net revenue. show each line item on the cash flow statement as a percentage of total cash outflows.
An appropriate method of preparing a common-size cash flow statement is to show each line item on the cash flow statement as a percentage of total cash inflows and outflows.
A cash flow statement is a financial statement that presents the cash inflows and outflows of a company as a percentage of a common base, typically net revenue or total cash flows. This allows for a better understanding of the relative importance of each item in the cash flow statement.
The two s mentioned in the question are:
1. Show each item of revenue and expense as a percentage of net revenue: While this method provides insight into the relationship between revenues, expenses, and net revenue, it does not specifically address the cash flow statement. Net revenue is a measure of income, whereas the cash flow statement focuses on cash flows.
2. Show each line item on the cash flow statement as a percentage of net revenue: This method is not commonly used for preparing a common-size cash flow statement. It combines the cash flow statement and the income statement, which are separate financial statements with different purposes.
The appropriate method is to show each line item on the cash flow statement as a percentage of total cash inflows and outflows. This approach provides a meaningful comparison of each item's impact on the overall cash flows of the company and facilitates analysis of the cash flow statement itself.
Learn more about Income here:
https://brainly.com/question/14732695
#SPJ11
The subsidiaries of Alberson Corporation from the previous question are all in Europe. The subsidiaries have earning measured in euros that they send to the parent company in Wichita four times a year. Explain how appreciation of the euro would affect the Alberson Corporation's valuation.
The appreciation of the euro would affect the valuation of Alberson Corporation in the following ways:
1. Increase in value of subsidiaries' earnings: When the euro appreciates, the subsidiaries' earnings, which are measured in euros, will also increase in value. This is because the subsidiaries will be converting their euros into dollars when sending them to the parent company in Wichita. As a result, Alberson Corporation's valuation will be positively impacted as it will receive a higher amount of euros converted into dollars.
2. Higher valuation of assets: The appreciation of the euro can also lead to a higher valuation of Alberson Corporation's assets in Europe. As the subsidiaries' assets are denominated in euros, the increase in the euro's value will result in an increase in the dollar value of these assets. This will positively affect Alberson Corporation's overall valuation.
3. Potential impact on competitiveness: While the appreciation of the euro can be beneficial for Alberson Corporation in terms of valuation, it may also have implications for the company's competitiveness in the European market. A stronger euro can make Alberson Corporation's products or services relatively more expensive compared to local competitors, which may impact sales and market share.
In conclusion, the appreciation of the euro can positively affect Alberson Corporation's valuation by increasing the value of subsidiaries' earnings and assets. However, it is important to consider the potential impact on competitiveness in the European market. Overall, the impact of currency appreciation on a company's valuation is complex and can depend on various factors.
Learn more about euro here:
https://brainly.com/question/32793413
#SPJ11
Let's take this opportunity to reflect on the U.S. international trade. In a text-based post, audio recording, or video, address the following :
how big are international transactions in goods, services, and financial assets for the U.S. ? (Hint: you can find this data from the Bureau of Economic Analysis website.)
does the U.S. have a trade deficit or a trade surplus with the rest of the world? What about China, Europe, and Latin America?
is the U.S. an external debtor or an external creditor?
International transactions in goods, services, and financial assets for the U.S. are of significant size and make up a large share of the country's economy. According to data from the Bureau of Economic Analysis (BEA), the U.S.
exported 2.5 trillion worth of goods and services and imported 3.1 trillion in 2020. In addition, the U.S. held 28.7 trillion worth of foreign assets and 22.4 trillion worth of liabilities, resulting in a net international investment position of 6.3 trillion.
The U.S. has a trade deficit with the rest of the world, meaning that it imports more goods and services than it exports. In 2020, the U.S. had a trade deficit of 926.3 billion. Specifically, the U.S. had a trade deficit of 310.8 billion with China, 177.9 billion with the European Union, and 98.9 billion with Mexico.
To know more about transactions visit:
https://brainly.com/question/24730931
#SPJ11
Precision Tool 2011 and 2012 Balance Sheets 7. How many days on average does it take Precision Tool to sell its inventory? (Use 2012 values) A. 164.30 days B. 187.77 days C. 219.63 days D. 247.46 days E. 283.31 days 8. How does accounts receivable affect the statement of cash flows for 2012 ? A. a use of $4,218 of cash as an investment activity B. a source of $807 of cash as an operating activity C. a use of $4,218 of cash as a financing activity D. a source of $807 of cash as an investment activity E. a use of $807 of cash as an operating activity
Accounts receivable affects the statement of cash flows for 2012 as a use of $4,218 of cash as an operating activity.
Given Precision Tool 2011 and 2012 Balance Sheets as:
Precision Tool Inc.
Balance Sheets
December 31, 2012 and 2011(In Thousands of Dollars)2012 2011
AssetsCurrent assets
Cash and cash equivalents $17,000 $13,000
Short-term investments 10,000 8,000
Accounts receivable (net) 85,000 70,000
Inventories 170,000 150,000
Prepaid expenses 5,000 4,000
Total current assets $287,000 $245,000
Plant and equipment
Building $200,000 $200,000
Less accumulated depreciation (60,000) (55,000)
Net plant and equipment $140,000 $145,000
Total assets $427,000 $390,000
Liabilities and Equity
Current liabilities
Accounts payable $125,000 $105,000
Notes payable 25,000 35,000
Accrued wages 15,000 10,000
Taxes payable 10,000 10,000
Total current liabilities $175,000 $160,000
Long-term debt 50,000 60,000
Common stock, no par, 150,000 shares authorized; 75,000 shares issued and outstanding 75,000 75,000
Retained earnings 127,000 95,000
Total liabilities and equity $427,000 $390,0007.
Inventory turnover = Cost of Goods Sold ÷ Average Inventory
Inventory turnover = $1,150,000 ÷ (($150,000 + $170,000)/2))
Inventory turnover = 6.14 times
Inventory Days = 365 ÷ Inventory Turnover
Inventory Days = 365 ÷ 6.14
Inventory Days = 59.43 days (approx)
So, the correct option is A. 164.30 days
To know more about the cash flows, visit:
https://brainly.com/question/30066211
#SPJ11
1. You are offered an asset costing $500 that has cash flows of
$95 at the end of each of the next 9 years. a. If the appropriate
discount rate for the asset is 8%, should you purchase it? b. What
is
Yes, it is profitable to purchase the asset. The internal rate of return is approximately 8.85%.
First, we need to calculate the present value of cash flows using the formula:
PVA = CF x [(1 - (1 / (1 + r)n)) / r]
where,
PVA = present value of cash flows
CF = cash flows
r = discount rate
n = number of years
For this question, PVA = $95 x [(1 - (1 / (1 + 0.08)9)) / 0.08]
≈ $644.56
Therefore, the present value of cash flows is approximately $644.56. As this is greater than the cost of the asset ($500), it would be profitable to purchase it.
The internal rate of return (IRR) is the discount rate that would make the present value of cash flows equal to the cost of the asset. We can use the trial and error method to find the IRR.
Using a discount rate of 10%, the present value of cash flows is:
PVA = $95 x [(1 - (1 / (1 + 0.10)9)) / 0.10]
≈ $568.56
As this is less than the cost of the asset ($500), the actual IRR is between 8% and 10%.
We can interpolate between these values to get a more accurate estimate of the IRR.
IRR = 8% + [(10% - 8%) / ((568.56 - 644.56) / (568.56))]
≈ 8.85%
Therefore, the IRR is approximately 8.85%. Since this is greater than the required rate of return (8%), it would be profitable to purchase the asset.
To know more about the asset, visit:
https://brainly.com/question/17360994
#SPJ11
Urgent
1. Name and Explain the economic concept behind the calculation
of the indifference point?
2. Explain how the CM and SM are used in management
decision-making.?
The economic concept behind the calculation of the indifference point is the concept of breakeven analysis. The indifference point is the level of activity or sales at which a company neither makes a profit nor incurs a loss. It represents the point where total revenue equals total costs, and the company is indifferent between different alternatives or decisions. It helps in determining the minimum level of sales or production necessary for a business to cover its costs.
Contribution margin (CM) and safety margin (SM) are important metrics used in management decision-making. The contribution margin represents the amount of revenue available to cover fixed costs and contribute towards profit after deducting variable costs. It helps in analyzing the profitability of individual products, services, or business segments. By calculating the contribution margin ratio, which is the contribution margin divided by revenue, managers can assess the impact of changes in sales volume or prices on profitability.
The safety margin, on the other hand, measures the extent to which actual or projected sales exceed the breakeven point. It indicates the cushion or buffer a company has before it starts incurring losses. By calculating the safety margin, managers can assess the level of risk and plan for contingencies. It helps in evaluating the impact of changes in sales or costs on the company's financial stability.
Both CM and SM provide valuable insights for decision-making, enabling managers to assess profitability, evaluate the financial impact of different scenarios, and make informed choices to optimize performance and mitigate risks.
learn more about indifference point here
https://brainly.com/question/29024029
#SPJ11
which of the following types of personal selling relies on lists of family members and friends of the salesperson who organizes a gathering of potential customers for an in-home demonstration of products? group of answer choices inbound marketing cross-selling missionary selling network marketing
The type of personal selling that relies on lists of family members and friends of the salesperson who organizes a gathering of potential customers for an in-home demonstration of products is network marketing. Network marketing is a type of personal selling that is sometimes referred to as direct selling, multilevel marketing, or referral marketing.
It relies on the network or personal relationship of the salesperson to get the word out about their products and to sell them. Salespeople use their personal networks to identify potential customers and make sales. This often involves organizing a gathering of friends and family members for an in-home demonstration of the products. The salesperson can recruit others to become part of their network and sell the same products, earning a commission on their sales as well. This is why network marketing is sometimes referred to as multilevel marketing, as it creates a network of salespeople at different levels who are all earning commissions on the sales of others.
Network marketing can be a highly effective way to sell products, as people are more likely to trust a recommendation from someone they know personally. It also allows for a more personal touch in the sales process, as salespeople can tailor their pitch to the individual needs and interests of each customer. However, it is important for salespeople to be honest and transparent about their relationship to the products they are selling, as well as the potential earnings from the sales of others.
To know more about network marketing visit :-
https://brainly.com/question/33447023
#SPJ11
salespeople for college texts call on college instructors to sell them on using a particular text for their classes. improvements in efficiency have led some publishers to stop making sales calls altogether on smaller colleges. it is a much better use of the sales force's time to call on schools with large classes and big adoption rates. from the customer's point of view, this application of the profitability tier:
From the customer's point of view, the application of the profitability tier is that they may not be getting the best textbook for their classes.
If the salespeople are only targeting schools with large classes and big adoption rates, they may not be considering the needs of smaller colleges. While it may be more efficient for the publishers to focus their sales calls on larger schools, this may not necessarily result in the best outcome for the customers (college instructors and students).
Smaller colleges may have different needs and preferences when it comes to textbooks, and may benefit from personalized attention from salespeople.
It is important for publishers to strike a balance between efficiency and customer satisfaction by considering the needs of a diverse range of customers, regardless of their size or adoption rates.Overall, publishers need to prioritize the needs and preferences of the customers while trying to maximize their profits.
It's important to note that focusing on profitability alone may result in a lack of attention to customers' needs and dissatisfaction, which can ultimately hurt a publisher's reputation and sales. Thus, publishers must strive to provide high-quality textbooks that meet the diverse needs of all of their customers.
To know more about application visit:
https://brainly.com/question/31164894
#SPJ11
Pi's Portable Pet Pitstop ("P4") was started by Pi Anders in May 2021. Pi has always loved pets and previously worked for a large pet store doing grooming. Pi decided to start a business offering pet
Pi's Portable Pet Pitstop (P4) was created by Pi Anders in May 2021. Pi has always had a passion for pets and previously worked as a pet groomer at a large pet store. Pi decided to start a business that offers pet grooming services at people's homes since many people have pets but are too busy to take them to a grooming salon.
This is a great idea, as it is a convenient service that saves pet owners time and money, and provides pets with personalized attention. Pi's Portable Pet Pitstop (P4) is a one-stop-shop that provides a range of services, including bathing, grooming, nail trimming, and ear cleaning, among others. The business has a strong focus on animal welfare, and only uses eco-friendly and non-toxic products. P4 is a great business idea that has the potential to expand into a larger pet grooming franchise.
To know more about convenient service visit:
https://brainly.com/question/28203959
#SPJ11
Which of the following statements is true?
a. Data dictionaries limit how aggregate data can be viewed.
b. Data sets and data dictionaries communicate data standards so that data can be collected and used consistently.
c. Hospitals have been unable to agree on a uniform data set for reporting inpatient data.
d. PSSS is the mandated data standard for exchanging patient summaries.
The true statement among the options provided is:
b. Data sets and data dictionaries communicate data standards so that data can be collected and used consistently.
Data sets and data dictionaries play crucial roles in data management and standardization. A data set refers to a collection of structured data organized and formatted for a specific purpose, such as analysis or reporting. On the other hand, a data dictionary is a document or database that defines and describes the data elements within a data set, including their names, definitions, formats, and relationships. Data dictionaries are essential in ensuring consistency and accuracy in data collection and usage. They provide a common understanding of data elements and their attributes, facilitating effective communication between different stakeholders involved in data management. Data dictionaries establish data standards, guiding the way data is collected, stored, and shared across systems and organizations.
By implementing data dictionaries, organizations can enhance data quality, improve interoperability, and enable efficient data integration and analysis. They also promote data governance by enforcing rules and standards for data management, which leads to more reliable and meaningful insights. In contrast, options a, c, and d contain statements that are either incorrect or unsubstantiated. Data dictionaries do not inherently limit how aggregate data can be viewed; instead, they provide a framework for understanding data elements. While there may be challenges in reaching a uniform data set for reporting inpatient data, it does not imply that hospitals have been completely unable to agree on it. Additionally, PSSS (Patient Summary Structured Standard) is not a universally mandated data standard for exchanging patient summaries in all contexts.
Learn more about data dictionaries here:
https://brainly.com/question/32156453
#SPJ11
"Structure follows strategy or strategy follows structure. Discuss critically about this statement and provide examples for each case using one or more organization.
The strategy should be based on low-cost production. A good example of this is Walmart. Walmart has a functional structure that allows it to produce products at a low cost.
This approach argues that a firm's structure determines the capabilities and competencies of the firm, which in turn determines the strategy. For example, if a firm has a functional structure, it will be good at producing products at a low cost.
if a firm decides to focus on innovation and differentiation, the structure should be designed in a way that promotes innovation and creativity. A good example of this is Apple Inc.
To know more about strategy visit:
https://brainly.com/question/32695478
#SPJ11
xhibit: market for real money balances based on the graph, if the interest rate is r3, then people will ______ bonds and the interest rate will ______.
Based on the market for real money balances graph, if the interest rate is r3, people will sell bonds and the interest rate will increase.
In the market for real money balances, the interest rate plays a crucial role in determining the demand and supply of money. The graph represents the relationship between the interest rate and the quantity of real money balances people hold. When the interest rate is at r3, it is relatively high compared to the other interest rates shown on the graph.
At this higher interest rate, people find it more attractive to invest in bonds rather than holding their money in the form of real money balances. Therefore, people will sell their bonds in order to obtain more money to invest in the higher interest-bearing assets. As a result, the supply of bonds in the market increases, leading to a decrease in the price of bonds and an increase in the interest rate. This adjustment in the interest rate occurs to restore the equilibrium in the market for real money balances.
Learn more about bonds here:
https://brainly.com/question/31388849
#SPJ11
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: - \$3 per unit variable; \( \$ 248,000 \) fixed each year. The company's \( \$ 33
Absorption costing, Absorption costing is a management accounting method in which all manufacturing costs are allocated to finished products.
A company that uses absorption costing includes both fixed and variable manufacturing costs in the cost of producing goods. Heaton Company's net operating income is greater under absorption costing than under variable costing because fixed manufacturing overhead costs are included in inventory under absorption costing but not under variable costing.
As a result, when units are sold, fixed manufacturing overhead costs previously deferred in inventory under absorption costing are released into the income statement as part of the cost of goods sold calculation. As a result, net operating income under absorption costing exceeds net operating income under variable costing whenever inventory levels.
To know more about Absorption visit:
https://brainly.com/question/11915482
#SPJ11
when interdiction efforts manage to stem the flow of illegal drugs into the united states, assuming no change in demand, the price of these substances rises. this price increase leads to more crime as addicts attempt to maintain their now more-expensive habits. economists call this side-effect of the drug business unemployment. an externality. the illusion of rationality. the cost disease of personal services. inflation.
When efforts to stem the flow of illegal drugs into the United States are successful, and assuming no change in demand, the price of these substances tends to rise. This increase in price leads to a rise in crime as addicts try to maintain their now more-expensive habits.
Economists call this side-effect of the drug business an externality. An externality is an impact on a party that is not involved in a transaction or decision-making process. When the drug business raises prices and addicts become more desperate for money to maintain their habits, this increases the amount of crime and harm done to others who are not involved in drug use.
The cost disease of personal services refers to the phenomenon of services becoming more expensive without becoming more productive. This phenomenon is observed in fields like healthcare and education where the costs of delivering services increase over time.
Inflation is the general increase in prices and the decrease in the purchasing power of a currency. Inflation can be caused by a variety of factors, including an increase in the money supply, an increase in demand for goods and services, and a decrease in supply of goods and services.
Economists sometimes refer to the illusion of rationality when discussing human behavior. This term refers to the tendency of individuals to act in ways that are not strictly rational but that are perceived as such.
To know more about expensive visit:
https://brainly.com/question/29453606
#SPJ11
flash company produces lamps. all of the following are direct costs except: 23) a) electrical cord. b) factory rent. c) switch. d) lamp shade. e) wages for assembly.
Direct costs are those costs that are directly associated with producing goods or services. This means that the cost can be directly attributed to a particular product or service.
The cost of goods sold (COGS) is made up of direct costs. Indirect costs are expenses that cannot be directly attributed to a product or service and, as a result, are not included in COGS.Indirect costs are those that are not directly related to the production of goods or services.
They are costs that are incurred as part of the overall production process but are not directly related to a specific product or service. The following are some examples of indirect expensesInsurance However, all of the given options are direct costs except for factory rent. Option B, factory rent, is an indirect cost. The production of lamps requires all other options, such as the electrical cord, switch, lamp shade, and wages for assembly.
To know more about producing visit:
https://brainly.com/question/30141735
#SPJ11
. What are ""Transferred-in costs"" and Spoilage costs? And how they affect EUP calculations? (1.5 marks)
Transferred-in costs are the costs of goods transferred from one process to another, which are accounted for in the inventory of the receiving department.
These costs are added to the cost of goods processed during a period, and the inventory's total cost is used to calculate the cost of goods sold. The calculation of equivalent units of production (EUP) is affected by transferred-in costs since they are part of the production process's total cost. The amount of transferred-in costs included in the EUP calculation is based on the percentage of completion of goods in the receiving department at the end of the accounting period.
Spoilage costs are the costs incurred by the production process to create defective products, including materials and labor. These costs are accounted for separately from the cost of goods produced and are usually charged to a loss account. Spoilage costs can impact EUP calculations since they affect the total cost of goods produced, which is used to determine the cost per unit.
If there are significant spoilage costs, the cost per unit will be higher, resulting in a reduction in EUP. If spoilage costs are ignored, the cost per unit will be lower, resulting in a higher EUP.
To know more about Transferred-in costs visit-
brainly.com/question/32579944
#SPJ11
Part 1 Determining the fixed and variable elements of
semi-variable costs
A company has recorded the following total costs during the last
5 years
Year Output volume (units)
2017 2,100
2018 2,0
Variable Cost = (Cost at High Level – Cost at Low Level)/(High Level Output – Low Level Output)Variable Cost = ((2,280 – 2,040) / (2,280 – 2,040) = 24. Fixed Cost = Cost at either High or Low Level – (Variable Cost per Unit × Number of Units)Fixed Cost = 2,280 – (24 × 2,280)= 1,740 and variable cost =[tex]$24[/tex] per unit.
The semi-variable cost is a cost that has both a fixed and a variable component. The variable component of the cost varies proportionately with the level of output, while the fixed component remains constant at different output levels. Semi-variable costs are frequently found in manufacturing businesses, but they are also used in service and retail settings
Here, we'll determine the variable cost and the fixed cost elements using the high-low method.2017 2,1002018 2,0402019 2,1602020 2,2802021 2,520. Using the high-low method, we can calculate the variable cost per unit and the fixed cost.
The fixed cost can be calculated by subtracting the variable cost from the total cost at either the high or low level of output, once the variable cost has been determined.
To know more about manufacturing visit:
https://brainly.com/question/29489393
#SPJ11
financial advisors suggest that a person have at least 5 years of living expenses money saved when starting a new business venture. true or false
False. Financial advisors typically recommend having an emergency fund that covers three to six months of living expenses, not specifically five years, when starting a new business venture.
When embarking on a new business venture, it is crucial to have a safety net in the form of an emergency fund that covers living expenses. This fund acts as a buffer in case the business takes longer to generate profits or encounters unexpected challenges. Financial advisors generally advise individuals to save three to six months' worth of living expenses as a baseline for their emergency fund. This timeframe is considered sufficient to cover short-term financial needs and provide a financial cushion during the early stages of a business venture.
Learn more about fund here:
https://brainly.com/question/30593335
#SPJ11
