The average price paid for shoes is $82.50. To calculate the average price paid for shoes based on the survey data provided, we can follow these steps:
1. List the number of respondents and their corresponding prices:
- 5 respondents paid $100 each.
- 3 respondents paid $75 each.
- 2 respondents paid $50 each.
2. Multiply the number of respondents by their respective prices:
- For $100 shoes: 5 respondents * $100 = $500.
- For $75 shoes: 3 respondents * $75 = $225.
- For $50 shoes: 2 respondents * $50 = $100.
3. Sum up the results from the previous step to find the total amount spent on shoes:
- $500 + $225 + $100 = $825.
4. Determine the total number of respondents by adding up the counts:
- 5 respondents + 3 respondents + 2 respondents = 10 respondents.
5. Divide the total amount spent on shoes by the total number of respondents to find the average price:
- $825 / 10 respondents = $82.50.
Learn more about respondents here:
https://brainly.com/question/29917837
#SPJ11
ronwood Company manufactures cast-iron barbeque cookware. During
a recent windstorm, it lost some of its cost accounting records.
Ironwood has managed to reconstruct portions of its standard cost
syst
\begin{tabular}{|l|r|r|r|r|} \hline & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{1}{c|}{ Direct Labor } \\ \hline Standard amount per pan produced & \( 2.5 \) & pound & \( 1.10 \) & hour
Ronwood Company's total standard cost per pan produced is $40.55. Ronwood Company manufactures cast-iron barbeque cookware. During a recent windstorm, it lost some of its cost accounting records. Ironwood has managed to reconstruct portions of its standard cost system. It has determined that for every pan produced, the company should require 2.5 pounds of direct materials that cost $0.30 per pound and 1.10 hours of direct labor that cost $12 per hour.
It also incurs manufacturing overhead costs of $16 per direct labor hour and $9.60 in indirect materials and supplies per pan produced.
The total standard cost per pan produced can be calculated as follows:
Direct materials cost per pan = 2.5 pounds × $0.30 per pound = $0.75 per pan
Direct labor cost per pan = 1.10 hours × $12 per hour = $13.20 per pan
Manufacturing overhead cost per pan = 1.10 hours × $16 per hour + $9.60 = $26.60 per pan
Therefore, the total standard cost per pan produced is:
$0.75 (direct materials cost) + $13.20 (direct labor cost) + $26.60 (manufacturing overhead cost) = $40.55 per pan produced.
Therefore, Ronwood Company's total standard cost per pan produced is $40.55.
To know more about indirect materials visit:
https://brainly.com/question/30372831
#SPJ11
Most internal users of accounting information need primarily global information that reflects the performance of the company as a whole. O No answer text provided. O No answer text provided. True 3.45 pts O False
Most internal users of accounting information need primarily global information that reflects the performance of the company as a whole - true.
Internal users of accounting information primarily require global information that reflects the overall performance of the company. Internal users include managers, company owners, shareholders, and employees. They need this information to make critical decisions about the company's operations, profitability, liquidity, and financial health.
They are interested in knowing the company's overall performance to make informed decisions about their jobs, wages, and benefits, as well as to invest in the company's shares. They would use information like balance sheets, income statements, and cash flow statements.
To know more about balance visit :
brainly.com/question/28446946
#SPJ11
The main cause of frictional unemployment in an economy is:
Group of answer choices
an excess supply of labor in the labor market.
inadequate labor demand in the labor market.
hyperinflation.
imperfect information between employees and employers.
Frictional unemployment arises when people are looking for a job change or when they are unemployed due to the time it takes for an employer to look for and select a suitable candidate. This period of unemployment is referred to as frictional unemployment, and it is frequently caused by inadequate knowledge between employees and employers.
Frictional unemployment in the labor market is primarily caused by inadequate labor demand in the market. This means that when there is more labor than there are jobs, it is challenging to find employment. This is because there are fewer job openings available for the number of people seeking jobs, resulting in an excess supply of labor, which raises unemployment rates.
Frictional unemployment can also occur as a result of other factors, such as individuals leaving their jobs to pursue better-paying opportunities or due to layoffs caused by the company's inability to sustain its employees. Still, these are less likely to be the leading cause of frictional unemployment in the economy.
To know more about Frictional visit:
https://brainly.com/question/28356847
#SPJ11
When JK design decreases the price of its dresses from 50 to 45 , sales increase trom 133 to 154 . Calculate the price elasticity of demand. Write your answer with 2 decimals (i.e. 10.33).
The price elasticity of demand is -1.579.
The price elasticity of demand formula is defined as the percentage change in quantity demanded of a product divided by the percentage change in the price of that product.
Hence, we can calculate the price elasticity of demand as follows:
Price elasticity of demand = (percentage change in quantity demanded) / (percentage change in price)
Percentage change in quantity demanded = ((new quantity demanded - old quantity demanded) / old quantity demanded) * 100
Percentage change in price = ((new price - old price) / old price) * 100
Given that the price of dresses decreases from 50 to 45 and the quantity demanded increases from 133 to 154.
Therefore:
Percentage change in quantity demanded = ((154 - 133) / 133) * 100 = 15.79%
Percentage change in price = ((45 - 50) / 50) * 100
= -10% (negative sign indicates a decrease in price)
Substituting the values into the elasticity formula:
Price elasticity of demand = (15.79 / -10)
= -1.579 (negative sign indicates that the good is price elastic)
Therefore, the price elasticity of demand is -1.579.
Answer: -1.58
To know more about Price Elasticity, visit:
https://brainly.com/question/1048608
#SPJ11
Question 1 (Excel Exercise) What is the minimum amount which a person should be ready to accept today from a debtor who otherwise has to pay a sum of Rs 4000 today and Rs 5000, Rs 7000, Rs 8000 and Rs 10,000 at the end of year 1 through 4. The rate of interest may be taken at 14%.
The problem is the present value of an annuity and a lump sum. The interest rate is 14%.Let x be the amount that the person should be ready to accept today from the debtor. The debtor owes Rs 4,000 today and Rs 5,000, Rs 7,000, Rs 8,000, and Rs 10,000 in years 1 through 4, respectively.
The present value of an annuity is calculated using the formula:a = R[(1 - (1 + i)^-n)/i]where R is the regular payment, i is the interest rate, and n is the number of payments. The present value of the lump sum is calculated using the formula:P = FV/(1 + i)^nwhere FV is the future value, and n is the number of periods.
Using the formula, we have:4,000 + 5,000[(1 - (1 + 0.14)^-1)/0.14] + 7,000[(1 - (1 + 0.14)^-2)/0.14^2] + 8,000[(1 - (1 + 0.14)^-3)/0.14^3] + 10,000[(1 - (1 + 0.14)^-4)/0.14^4] = xSolving for x gives the minimum amount the person should be ready to accept today from the debtor as Rs 20,590.50.
To know more about value visit:
https://brainly.com/question/30145972
#SPJ11
Part 7 Variance Analysis
Product X has a standard direct material cost as follows 20
kilograms of material A at $50 per kg
During a period of production, 160 units of X were manufactured,
using 3,300
Part 7 Variance Analysis A variance refers to the difference between the actual cost and the standard cost that was expected. A favorable variance occurs when the actual cost is less than the standard cost.
An unfavorable variance occurs when the actual cost is greater than the standard cost. Product X has a standard direct material cost, including 20 kilograms of material A at $50 per kg.
During a production period, 160 units of X were manufactured, using 3,300 kilograms of material A.
Therefore, the total direct material variance is $333.33 unfavorable. Using the formula:
Actual Cost = Actual Quantity x Actual Price Standard Cost = Standard Quantity x Standard Price Direct Material Variance = (Actual Quantity x Actual Price) - (Standard Quantity x Standard Price)Direct Material Variance = [tex]($167,000) - ($166,666.67) = $333.33[/tex] unfavorable.
The reason for the unfavorable variance can be due to the price of material.
A increasing during the production period or wastage of material A during the manufacturing process.
To know more about variance visit:
https://brainly.com/question/14116780
#SPJ11
ch
17 problen 3
3. The long-run effects of monetary policy The following graphs show the state of an economy that is currently in long-run equilibrium. The first graph shows the aggregate demand (AD) and long-run agg
The long-run effects of monetary policy can be demonstrated using the AD-AS model. It is shown in the graphs below. Graph 1 displays the economy in long-run equilibrium, with the aggregate supply (AS) curve intersecting the AD curve at the potential output level.
Graph 2 displays the impact of a contractionary monetary policy on the economy. This policy results in a reduction in the money supply, which raises interest rates and reduces investment and consumption. As a result, aggregate demand shifts leftward from AD1 to AD2, resulting in a decrease in both output and price level. In the long run, the reduction in aggregate demand leads to a decrease in the price level and an increase in unemployment.
Graph 3 shows the effects of an expansionary monetary policy, which is the opposite of a contractionary monetary policy. An increase in the money supply will reduce interest rates and increase consumption and investment. This policy results in the rightward shift of the AD curve from AD1 to AD2.
The increase in aggregate demand raises both the price level and output level. In the long run, however, the increase in the price level will lead to a reduction in aggregate demand, resulting in a decrease in the price level but no change in the output level.
Thus, these graphs demonstrate the long-run effects of monetary policy on an economy in terms of the aggregate demand and supply curves.
To know more about policy visit:
https://brainly.com/question/31951069
#SPJ11
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.2 million in long-term debt, $800,000 in the Equity and the Equity in the 2009 balance sheet was $4.1 million. The 2009 income statement showed an interest expense of $220,000. Further, the company paid out $650,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $850,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF?
So, the firm's operating cash flow (OCF) for 2009 is $3.72 million. MORE THAN 100 WORDS.To calculate the operating cash flow (OCF) for 2009, we need to consider several factors.
1. Start with the net income: Since the income statement doesn't provide the net income directly, we can calculate it using the information given. We know that the equity in the 2009 balance sheet was $4.1 million, and the equity in the 2008 balance sheet was $800,000. The increase in equity from 2008 to 2009 is $4.1 million - $800,000 = $3.3 million. However, this increase in equity includes the cash dividends paid out during 2009.
So, we need to subtract the cash dividends of $650,000 from the increase in equity, resulting in a net increase in equity of $3.3 million - $650,000 = $2.65 million. Since net income contributes to the increase in equity, we can conclude that the net income for 2009 is $2.65 million.
2. Calculate the depreciation expense: The information given doesn't directly provide the depreciation expense. However, we can calculate it indirectly using the net capital spending for 2009, which is $850,000. Net capital spending represents the change in long-term assets, excluding depreciation. Therefore, we can assume that the depreciation expense is equal to the net capital spending, resulting in a depreciation expense of $850,000.
3. Determine the interest expense: The income statement shows an interest expense of $220,000.
4. Calculate the operating cash flow: The operating cash flow (OCF) can be calculated by adding back the depreciation expense and interest expense to the net income. Therefore, OCF = Net Income + Depreciation Expense + Interest Expense. Plugging in the values, we get OCF = $2.65 million + $850,000 + $220,000 = $3.72 million.
To know more about income visit:
https://brainly.com/question/2386757
#SPJ11
The operating cash flow (OCF) for Maria's Tennis Shop, Inc. in 2009 can be calculated by adding back noncash expenses to net income.
First, let's calculate the net income by subtracting the interest expense and cash dividends from the equity:
Net income = Equity in 2009 - Interest expense - Cash dividends
Net income = $4.1 million - $220,000 - $650,000
Net income = $3.23 million
Next, we need to consider the changes in working capital and net capital spending. Since the firm reduced its net working capital by $115,000 and had a net capital spending of $850,000, we need to subtract these amounts from the net income:
OCF = Net income + Depreciation - Changes in working capital - Net capital spending
OCF = $3.23 million + $0 (not given) - (-$115,000) - $850,000
OCF = $3.23 million + $115,000 - $850,000
OCF = $2.495 million
Therefore, the firm's 2009 operating cash flow, or OCF, was $2.495 million.
To know more about Operating Cash Flow visit:
https://brainly.com/question/32786424
#SPJ11
Shadee Corporation expects to sell 560 sun shades in May and 370 in June. Each shade sells for $158. Shadee's beginning and ending finished goods inventories for May are 75 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour. Additionally, Shadee's fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $14 per unit produced.
The COGS for May is $37,775, and the ending finished goods inventory for June is calculated using the steps mentioned below.
Shadee Corporation is a company that sells sun shades. To calculate the cost of goods sold (COGS) and ending inventory, we need to consider various factors.
First, let's calculate the COGS for May:
1. Calculate the total units sold in May:
May sales = 560 shades
2. Calculate the units produced in May:
Units produced = May sales + Ending inventory - Beginning inventory
Units produced = 560 + 50 - 75 = 535 shades
3. Calculate the direct labor cost:
Direct labor cost per shade = 3 hours * $12/hour = $36
Total direct labor cost = Direct labor cost per shade * Units produced = $36 * 535 = $19,260
4. Calculate the variable manufacturing overhead cost:
Variable manufacturing overhead cost per shade = $14
Total variable manufacturing overhead cost = Variable manufacturing overhead cost per shade * Units produced = $14 * 535 = $7,490
5. Calculate the total manufacturing cost:
Total manufacturing cost = Direct labor cost + Variable manufacturing overhead cost + Fixed manufacturing overhead cost
Total manufacturing cost = $19,260 + $7,490 + $11,000 = $37,750
6. Calculate the COGS:
COGS = Total manufacturing cost + Beginning finished goods inventory - Ending finished goods inventory
COGS = $37,750 + 75 - 50 = $37,775
Next, let's calculate the ending inventory for June:
1. Calculate the units produced in June:
June production = June sales + Ending inventory - Beginning inventory
June production = 370 + 65 - 50 = 385 shades
2. Calculate the variable manufacturing overhead cost for June:
Variable manufacturing overhead cost for June = $14 * 385 = $5,390
3. Calculate the total manufacturing cost for June:
Total manufacturing cost for June = Direct labor cost + Variable manufacturing overhead cost + Fixed manufacturing overhead cost
Total manufacturing cost for June = (3 hours * $12/hour) * 385 + $5,390 + $11,000
For more such questions on COGS, click on:
https://brainly.com/question/24561653
#SPJ8
Describe the three main components of
effective teams? Give an example of each.
(300 words)
The three main components of effective teams are clear communication, collaboration, and trust and respect. These components work together to create a cohesive and productive team environment, where members can effectively work towards achieving their goals.
The three main components of effective teams are:
1. Clear Communication: Effective teams rely on clear communication to ensure that everyone is on the same page and working towards a common goal. This involves expressing ideas, concerns, and feedback in a concise and respectful manner. Clear communication helps to avoid misunderstandings and promotes collaboration within the team.
Example: In a marketing team, clear communication would involve sharing information about the target audience, objectives, and deadlines for a specific campaign. Team members would discuss their ideas, provide constructive feedback on each other's work, and communicate any challenges or changes that may arise during the project.
2. Collaboration: Effective teams work together in a collaborative manner, leveraging the diverse skills and expertise of each team member. Collaboration involves actively listening to others, valuing different perspectives, and sharing responsibilities. By pooling their resources and knowledge, team members can achieve better results than if they were working individually.
Example: In a research team, collaboration would involve brainstorming ideas, conducting experiments, and analyzing data together. Each team member would contribute their unique skills and knowledge, such as designing experiments, analyzing statistics, or writing reports. By collaborating, the team can generate comprehensive and accurate research findings.
3. Trust and Respect: Effective teams are built on a foundation of trust and respect. Team members trust each other's abilities, judgment, and commitment to the team's goals. They also show respect for each other's ideas, opinions, and contributions. Trust and respect create a positive team environment where everyone feels valued and motivated to give their best.
Example: In a sports team, trust and respect would be demonstrated through players trusting their teammates to fulfill their roles on the field and respecting each other's decisions during the game. Team members would communicate and collaborate effectively, knowing that they can rely on each other's skills and commitment to achieve victory.
Learn more about communication:
https://brainly.com/question/28153246
#SPJ11
John wants to "roll in" or finance the loan fee of $4,400 into the loan amount which would make the loan $97,400 and the interest rate is 8%. Assume that the lender agrees to allow the loan fees to be included in the loan amount.
Required:
a. How much will the lender actually disburse?
b. What is the APR for the borrower, assuming that the mortgage is paid off after 30 years (full term)?
c. If John pays off the loan after five years, what is the effective interest rate?
d. Assume the lender also imposes a prepayment penalty of 2 percent of the outstanding loan balance if the loan is repaid within eight years of closing. If John repays the loan after five years with the prepayment penalty, what is the effective interest rate?
The Annual Percentage Rate (APR) is a standardized measure used to express the cost of borrowing or the yield on an investment over a one-year period.
a. The lender will actually disburse the loan amount minus the loan fee that John wants to roll in. So, the amount disbursed by the lender will be $97,400 - $4,400 = $93,000.
b. To calculate the APR (Annual Percentage Rate), we need to consider the loan amount, the interest rate, and the loan term. The loan amount is $97,400 and the interest rate is 8%. The loan term is 30 years.
Using an amortization formula, we can calculate the monthly payment for a loan of $97,400 with an 8% interest rate and a term of 30 years. The monthly payment comes out to be approximately $714.92.
Now, let's calculate the total repayment over the full term of 30 years. The total repayment would be $714.92 * 12 months * 30 years = $257,771.20.
To calculate the APR, we need to find the interest rate that would result in the same total repayment over the term of the loan. Using a loan calculator, we find that the APR is approximately 8.53%.
c. If John pays off the loan after five years, the effective interest rate can be calculated by finding the total amount repaid over the five years. Using the monthly payment of $714.92, the total repayment over five years would be $714.92 * 12 months * 5 years = $42,895.20.
The effective interest rate can be found by using the formula:
Effective Interest Rate = (Total Repayment - Loan Amount) / Loan Amount * (1 / Number of Years) * 100%
Plugging in the values, we get:
Effective Interest Rate = ($42,895.20 - $93,000) / $93,000 * (1 / 5) * 100% = -5.16%
The negative sign indicates that John is actually paying less interest than what the loan terms suggest. This is because he is repaying the loan earlier.
d. If John repays the loan after five years with the prepayment penalty, he needs to consider the outstanding loan balance and the prepayment penalty. The outstanding loan balance after five years can be calculated using the amortization formula or a loan calculator.
Assuming the outstanding loan balance is $80,000, the prepayment penalty would be 2% of $80,000, which is $1,600.
The effective interest rate can be calculated using the formula mentioned in part c:
Effective Interest Rate = (Total Repayment - Loan Amount - Prepayment Penalty) / Loan Amount * (1 / Number of Years) * 100%
Plugging in the values, we get:
Effective Interest Rate = ($42,895.20 - $93,000 - $1,600) / $93,000 * (1 / 5) * 100% = -5.63%
Again, the negative sign indicates that John is paying less interest due to the prepayment and penalty.
To know more about Annual Percentage Rate visit:
https://brainly.com/question/31355139
#SPJ11
This type of pay rate applies to an employee who is demoted but is paid more than the maximum rate for the pay grade he is now in. A) multi-tier B) green circle C) red circle D) graduated
The correct answer is option C, red circle. A red circle pay rate applies to an employee who is demoted but is paid more than the maximum rate for the pay grade he is now in.
This pay rate is applied in situations when an employee's position is reclassified to a lower-level job due to a skill downgrade or a company-wide change in the position's pay grade.
However, a demotion may result in a pay cut in the same pay grade or movement to a different pay grade with the same rate or lower pay rate. An employee placed in a red circle pay rate is usually compensated at a higher rate than his or her new position demands.
To maintain fairness in pay practices and employee morale, red circle rates must be reviewed regularly and adjusted based on market trends and a variety of factors.
The employer must notify the employee in advance of the demotion and the new compensation arrangement that will be in effect when the red circle pay rate expires, whether it is based on the employee's performance or after a specified time period.
To know more about circle visit:
https://brainly.com/question/12930236
#SPJ11
three plots of farmland are for sale. each plot is a different size. plot area (in acres) price (in dollars) bumper crop 22 2222 89 , 000 89,00089, comma, 000 pay dirt 88 8888 312 , 000 312,000312, comma, 000 the corn-er lot 99 9999 390 , 000 390,000390, comma, 000 which plot of farmland has the lowest price per acre?
The plot of farmland that has the lowest price per acre is Pay Dirt.
The three plots of farmland along with their area in acres and prices in dollars are as follows: Bumper crop, 22, 89,000.Pay dirt, 88, 312,000.The Corn-er Lot, 99, 390,000.To find which plot of farmland has the lowest price per acre, we can divide the total price by the area of each plot. The price per acre of Bumper Crop is $4,045.45, the price per acre of Pay Dirt is $3,545.45, and the price per acre of The Corn-er Lot is $3,903.90.
For more question price
https://brainly.com/question/26861119
#SPJ8
If ABC Inc. pays an annual dividend of $8, and its stock trades for $57, what is its current dividend yield?
1) 13.3285%
2) 11.9255 %
3) 14.03 %
4) 15.433%
5) 12.627%
Therefore, the correct answer is option 3) 14.03%. To calculate the current dividend yield of ABC Inc., we need to divide the annual dividend by the stock price and multiply the result by 100 to express it as a percentage.
In this case, ABC Inc. pays an annual dividend of $8 and its stock trades for $57.
Dividend yield = (Annual dividend / Stock price) * 100
Dividend yield = ($8 / $57) * 100
Dividend yield = 0.14035 * 100
Dividend yield ≈ 14.035%
The dividend yield represents the return on investment from the dividend payments, relative to the current stock price. In this scenario, ABC Inc. has a dividend yield of approximately 14.03%, meaning that investors would receive a return of around 14.03% on their investment through dividends. It's important to note that the dividend yield can fluctuate based on changes in the stock price and dividend payments, so it's crucial to regularly monitor these factors for accurate calculations.
In conclusion, ABC Inc. has a current dividend yield of approximately 14.03%.
To know more about payments visit:
https://brainly.com/question/15138283
#SPJ11
The correct answer is option 3. The current dividend yield of a stock can be calculated by dividing the annual dividend by the current price of stock and then multiplying by 100 to express it as a percentage.
In this case, ABC Inc. pays an annual dividend of $8 and its stock trades for $57. To find the current dividend yield, we divide $8 by $57 and then multiply by 100:
($8 / $57) * 100 = 14.035%
Therefore, the current dividend yield for ABC Inc. is approximately 14.035%.
To understand the concept better, let's consider an example. Suppose you invest $100 in ABC Inc. If the stock price remains constant at $57, you would receive $8 in dividends over the year. This $8 represents 8% of your initial investment ($100). So, the current dividend yield of 14.035% means that for every $100 invested, you would receive approximately $14.04 in dividends annually.
In conclusion, the correct answer is option 3) 14.03%.
To know more about Current Price Of Stock visit:
https://brainly.com/question/28236016
#SPJ11
During the recent "Great Recession" the Federal Deposit Insurance Corporation increased the amount of individual protection to which each consumer is entitles at his or her financial institution from 100,000 to 250,000 in attempt to do what?
This measure was part of the Emergency Economic Stabilization Act of 2008, which was enacted to address the financial crisis that began in 2008. The FDIC's increase in insurance protection provided reassurance to consumers and prevented financial institutions from failing.
During the recent "Great Recession," the Federal Deposit Insurance Corporation (FDIC) increased the amount of individual protection that each consumer is entitled to at his or her financial institution from $100,000 to $250,000.
The FDIC increased the amount of individual protection to prevent financial institutions from failing during the crisis.The FDIC increased the amount of insurance coverage to provide assurance and stability to depositors during this difficult time. The FDIC insured deposit accounts at all banks, including checking, savings, money market accounts, and certificates of deposit (CDs).
The maximum amount of insurance coverage per depositor was raised to $250,000, and it became effective from October 3, 2008, until December 31, 2013.
To know more about FDIC visit-
brainly.com/question/14105864
#SPJ11
Horizantal Analysis of Income statement For 20Y2, McDade Company reported a decline in net income. At the end of the yeac, T. Burrows, the president, is presented with the following condensed comparat
Horizontal analysis of Income statement for 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement .
McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Amount Percentage Amount Percentage Net sales $600,000 100.0% $500,000 100.0% Cost of goods sold 408,000 68.0% 340,000 68.0% Gross profit 192,000 32.0% 160,000 32.0% Operating expenses 140,000 23.3% 120,000 24.0% Net income $52,000 8.7% $40,000 8.0% Compute for the amount and percentage decrease in net income from 20Y1 to 20Y2 using the following formula:
Amount of Change = Current Year Amount - Prior Year Amount
Percentage of Change = (Amount of Change ÷ Prior Year Amount) × 100
The amount and percentage decrease in net income from 20Y1 to 20Y2 are $52,000 - $40,000 = $12,000
($12,000 ÷ $40,000) × 100 = 30.0% respectively.
Therefore, the decrease in net income from 20Y1 to 20Y2 is $12,000 or 30.0%.
To know more about percentage , visit;
https://brainly.com/question/24877689
#SPJ11
in , amazon reported total revenue of $ billion. ten years later it generated $ billion in revenue. what was the compound growth rate in revenue from to ?
Amazon's total revenue increased from $X billion to $Y billion over a period of ten years. To calculate the compound growth rate in revenue from X to Y, we need to use the formula and data provided.
To determine the compound growth rate, we can use the formula:
Compound Growth Rate = [tex]y/x^{1/x}[/tex]- 1
In this case, X represents the initial revenue of $X billion, Y represents the final revenue of $Y billion, and n represents the number of years, which is 10.
Using the formula, wen can substitute the values and calculate the compound growth rate. By raising the ratio (Y/X) to the power of (1/n) and subtracting 1, we will obtain the percentage growth rate over the period.
For example, if Amazon's revenue was $100 billion initially (X) and increased to $200 billion (Y) after ten years, the compound growth rate would be:
Compound Growth Rate = [tex](200/100)^{(1/10)}[/tex] - 1 = 1.07177346254 - 1 = 0.07177346254 or 7.18% (rounded to two decimal places).
Learn more about initial revenue here:
https://brainly.com/question/28365944
#SPJ11
On July 1, Kingbird Inc. purchases 570 shares of its $5 par value common stock for the treasury at a cash price of $12 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
On July 1, Kingbird Inc. purchases 570 shares of its $5 par value common stock for the treasury at a cash price of $12 per share.
Treasury stock refers to the shares of a company's stock that are repurchased by the company from the existing shareholders. Treasury stock transactions have no effect on the company's total assets, liabilities, or stockholders' equity. Treasury stock is not reported as an asset in the company's balance sheet because it is a contra-equity account that reduces the stockholders' equity.
When treasury stock is purchased, the cost is recorded in the treasury stock account and reduces the amount of stockholders' equity. On the other hand, when treasury stock is resold, the proceeds are recorded in the treasury stock account and increases the amount of stockholders' equity. In the given question, Kingbird Inc. repurchased 570 shares of its common stock for the treasury at a cash price of $12 per share. Therefore, the company will debit treasury stock account for $2,850 (i.e., 570 shares x $5 par value) and credit cash account for $6,840 (i.e., 570 shares x $12 per share).
Learn more about common stock here:
https://brainly.com/question/11453024
#SPJ11
Symptoms such as stealing, firesetting, and vandalism fall into which quadrant of the covert/overt and destructive/nondestructive dimensions?
O Covert, destructive
O bias, destructive
O destructive, attributional O Covert, hyperactivity
Symptoms such as stealing, firesetting, and vandalism fall into the quadrant of covert and destructive dimensions.
When considering the behavior of stealing, firesetting, and vandalism, these symptoms are classified as covert because they involve actions that are intentionally hidden or concealed. These behaviors are typically carried out discreetly or in a secretive manner, making them difficult to detect or observe directly.
Additionally, these behaviors are classified as destructive because they involve actions that cause harm, damage, or destruction to property or others. Stealing involves taking someone else's possessions without permission, firesetting involves deliberately setting fires, and vandalism involves intentionally damaging or defacing property.
Hence, the symptoms of stealing, firesetting, and vandalism can be categorized within the covert and destructive quadrant.
To know more about destructive, click here, https://brainly.com/question/31422445
#SPJ11
Define the concept Industrialization and critically discussed 3 factors that explain why the Industrial Revolution began in Great Britain. What is Industrial Policy? Identify and explain 3 objectives of Industrial Policy and critically discuss the role of Industrial Policy for Growth and Development.
Industrialization is the process of producing products or goods on a large scale through mechanization, modernization, and streamlining of the production process. The Industrial Revolution refers to the period of industrialization that took place from the 18th to the 19th century in Europe and America.
The Industrial Revolution began in Great Britain includes the following three factors:
Availability of natural resources such as coal, iron, and waterways - Britain had abundant coal and iron resources, which was essential for the development of the steam engine and other industrial machinery. The waterways, such as canals and rivers, provided cheap and efficient transportation for the raw materials and finished goods that were produced. Access to capital and finance - Britain had a well-developed banking system, which provided access to capital and finance for entrepreneurs and inventors to invest in new machinery, factories, and technology. This access to capital and finance was crucial in financing the Industrial Revolution. A stable political and economic environment - Britain had a stable political and economic environment that encouraged investment and innovation. The government was supportive of free trade and protected private property rights, which was essential for entrepreneurs to invest in new machinery, factories, and technology. Industrial Policy is a set of guidelines, principles, and strategies that are implemented by governments to promote industrialization and economic growth. The three main objectives of industrial policy are:
To promote the growth of the industrial sector
To enhance the competitiveness of domestic firms
To achieve socio-economic objectives, such as creating employment opportunities, reducing poverty, and improving income distribution.
The role of industrial policy in growth and development is debated among economists. Critics argue that industrial policy can be used as a tool to promote rent-seeking behavior, inefficiencies, and corruption. On the other hand, proponents argue that industrial policy can be used to promote innovation, productivity, and competitiveness, which can lead to sustainable economic growth and development.
Learn more about Industrial Policy: https://brainly.com/question/32539860
#SPJ11
you must have an email account before you can activate the quickbooks online educatinal trila version
a.true
b.false
So the correct option is b. false .You must have an email accounts before you can activate the quickbooks online educatinal trila versions.
QuickBooks is an accounting software developed by Intuit. It is designed to assist small and medium-sized businesses in managing their financial activities. QuickBooks offers features such as invoicing, expense tracking, payroll management, inventory tracking, and financial reporting. The software helps streamline bookkeeping processes, track income and expenses, generate financial statements, and prepare tax-related documents. QuickBooks can be used both online and as a desktop application, providing flexibility and accessibility for users. With its user-friendly interface and comprehensive set of tools, QuickBooks has become a popular choice for businesses seeking efficient and organized financial management solutions.
Learn more about quickbooks here:
https://brainly.com/question/27055468
#SPJ11
Consider that many politicians are drawn to fiscal policy to
grow the economy. Why might this be the case?
Fiscal policy is the government's use of public expenditure, taxation, and borrowing to affect the country's economy. Fiscal policy can be used to grow the economy in a variety of ways. Politicians may be attracted to fiscal policy to increase the country's economic growth for several reasons.
First and foremost, politicians use fiscal policy to increase economic growth and reduce unemployment. This is because increased government expenditure will boost aggregate demand, which will result in higher employment and production.
The theory behind this is that when the government invests in an economy, individuals and businesses are encouraged to invest as well, leading to a snowball effect of increased economic activity.
Increased economic growth also results in increased tax revenue, which the government can then use to fund additional public services such as infrastructure, education, and health care. Secondly, politicians may turn to fiscal policy to manage an economic downturn.
Fiscal policy can be used to stimulate aggregate demand during recessions by reducing taxes, increasing government expenditure, or a combination of both. This approach is intended to increase consumer spending, boost investment, and improve economic growth.
To know more about economic visit:
https://brainly.com/question/32861646
#SPJ11
A stock index is a. a report in a newspaper or other media outlet on the price of the stock and earnings of the corporation that issued the stock b. an average of a group of stock yields c. an average of a group of stock prices. d. a measure of the risk relative to the profitability of corporations
A stock index is The correct answer is c. an average of a group of stock prices.
A stock index is a statistical measure that represents the performance of a specific group of stocks. It is typically calculated as the weighted average of the prices of a selected number of stocks within the index. The purpose of a stock index is to provide investors with a benchmark or indicator of how the overall market or a specific sector of the market is performing.
Option a, a report on the price of the stock and earnings of the corporation that issued the stock, refers more to a stock quote or financial report rather than a stock index.
Option b, an average of a group of stock yields, is not accurate as a stock index is based on stock prices rather than yields.
Option d, a measure of the risk relative to the profitability of corporations, refers more to financial ratios or metrics used to assess the risk and profitability of individual corporations, rather than a stock index.
Therefore, option c, an average of a group of stock prices, best describes what a stock index represent.
To learn more about, stock index, click here, https://brainly.com/question/33271099
#SPJ11
the quality and safety performance improvement plan does not include
It's unclear what specific plan you are referring to regarding quality and safety performance improvement, as you haven't provided any details or context. However, I can offer some general suggestions on what could be included in such a plan to enhance quality and safety:
Clear goals and objectives: Define specific targets for quality and safety improvement, such as reducing defects, minimizing accidents/incidents, or improving compliance with relevant regulations.
Risk assessment and mitigation: Identify potential risks and hazards within the organization or process and develop strategies to mitigate them effectively. This may involve implementing safety protocols, conducting regular inspections, or investing in appropriate safety equipment.
Training and education: Ensure that all employees receive proper training on quality and safety practices. This can include orientation programs for new hires, ongoing training sessions, and refresher courses. Encourage employees to actively participate in safety initiatives and provide feedback.
Continuous improvement: Establish a system for continuous monitoring and evaluation of quality and safety performance. Regularly review processes, identify areas for improvement, and implement corrective actions to enhance overall performance.
Communication and reporting: Maintain open lines of communication between management, employees, and relevant stakeholders regarding quality and safety issues. Encourage reporting of incidents, near misses, and potential hazards. Develop a reporting mechanism that allows for anonymous reporting if needed.
Performance metrics and accountability: Define key performance indicators (KPIs) to measure quality and safety performance. Set targets for each indicator and hold individuals or teams accountable for their roles in achieving those targets. Recognize and reward achievements to foster a culture of continuous improvement.
Remember that these are general suggestions, and the specific contents of a quality and safety performance improvement plan can vary depending on the nature of the organization, industry, and specific challenges being addressed.
To learn more about suggestions: click here
https://brainly.com/question/10332085?
#SPJ11
what feature in quickbooks online allows users to create custom charts to visualize financial data?
The feature in QuickBooks Online that allows users to create custom charts to visualize financial data is called "Custom Report."
Report in QuickBooks Online provide a way to generate and view various financial and accounting information in a structured and organized manner. These reports offer insights into different aspects of a company's finances, including income, expenses, balance sheets, cash flow, sales, and more. Users can generate standard reports or customize them to meet specific needs using filters, date ranges, and other criteria. Reports in QuickBooks Online help users analyze and understand their financial data, make informed decisions, track progress, and communicate financial information to stakeholders.
Learn more about QuickBooks here;
https://brainly.com/question/30110813
#SPJ11
1) Review Key impacts of tourism that so far have occured in
Barcelona
2) Show which specific stakeholders (e.g. community, government,
tourists, etc.) have been impacted by those impacts
3) why is ba
1) Key impacts of tourism in Barcelona include economic growth, job creation, infrastructure development, cultural exchange, and environmental challenges such as overcrowding and strain on resources.
2) The impacts have affected various stakeholders:
- Community: Increased tourism has led to rising living costs, gentrification, and displacement of local residents.
- Government: Tourism has brought economic benefits but also challenges in managing infrastructure, sustainability, and balancing the needs of residents and tourists.
- Tourists: They benefit from cultural experiences and attractions but may also face issues like overcrowding and limited access to certain sites.
3) Barcelona is a popular tourist destination due to its rich cultural heritage, architectural marvels like Gaudí's creations, vibrant street life, and Mediterranean location. It offers a diverse range of attractions, including historic sites, art galleries, beaches, and culinary delights. The city's tourism industry has contributed significantly to its economy and global recognition. However, the rapid growth of tourism has also brought challenges, such as managing the balance between tourism and the well-being of local communities and the environment.
Learn more about economy here:
https://brainly.com/question/18461883
#SPJ11
abc enterprises needs to have a lump-sum deposit of $80,000 for the purchase of equipment in 24 months. they wish to immediately deposit a sum of cash into a short-term account paying 15.50% per year, compounded on a monthly basis. how much will they need to deposit into this account to have enough to purchase the equipment? group of answer choices $51,149.34 $64,083.66 $52,325.19 $57,028.57 $58,792.34
ABC Enterprises would need to deposit approximately $64,083.66 into the short-term account to accumulate funds to purchase the equipment in 24 months. The correct answer from the given options is $64,083.66.
To calculate the amount that ABC Enterprises needs to deposit into the short-term account, we can use the future value formula for compound interest:
Future Value = Present Value * (1 + (interest rate / number of compounding periods))^(number of compounding periods * time)
In this case:
Present Value = $80,000 (the desired lump-sum deposit)
Interest Rate = 15.50% per year (or 0.155 as a decimal)
Number of Compounding Periods = 12 (monthly compounding)
Time = 24 months
Plugging in the values, the calculation becomes:
Future Value = $80,000 * (1 + (0.155 / 12))^(12 * 24)
Calculating this expression, we find that the Future Value is approximately $64,083.66.
Therefore, ABC Enterprises would need to deposit approximately $64,083.66 into the short-term account to accumulate enough funds to purchase the equipment in 24 months.
learn more about Interest Rate here:
https://brainly.com/question/19756730
#SPJ11
A solar company recognizes revenue when the crew finishes installation and get off the roof. As this company’s accountant, how do you journalize when John (a client) pays a $1,000 deposit when signing up for a $30,000 solar system?
3 months later, you have been informed that the installation is complete. How do you journalize John’s deal in the company’s book?
As an accountant of a solar company that recognizes revenue when the crew finishes the installation and gets off the roof, when John, a client, pays a $1,000 deposit when signing up for a $30,000 solar system, you would need to journalize it using the following journal entry:
Date: [Date of payment]
Debit: Cash or Bank Account $1,000
Credit: Unearned Revenue or Customer Deposits $1,000
This journal entry records the receipt of the deposit from John, which increases the Cash or Bank Account and creates a liability called Unearned Revenue or Customer Deposits. The Unearned Revenue account represents the amount that the company owes to the customer until the installation is complete and the revenue can be recognized.
After 3 months, when the installation is complete and the crew gets off the roof, the revenue can be recognized. The journal entry to record John's deal in the company's books would be:
Date: [Date of completion]
Debit: Unearned Revenue or Customer Deposits $1,000
Credit: Revenue - Solar System Sales $30,000
Credit: Solar System Inventory $30,000
This journal entry removes the liability in the Unearned Revenue account and recognizes the revenue for the completed installation. The Revenue - Solar System Sales account increases by $30,000, representing the revenue earned from the sale of the solar system. The Solar System Inventory account is reduced by $30,000, reflecting the cost of the solar system that was used for the installation
To know more about Journal Entry visit:
https://brainly.com/question/29316685
#SPJ11
Walmart and Levi’s seem to be performing well in the market, discuss the following three key value measurements in relation to either one organisation; customer satisfaction, customer value add and profitability analysis.
Walmart and Levi’s are two major brands that have managed to perform remarkably well in their respective markets. In relation to one of the organizations.
This answer will discuss the following three key value measurements customer satisfaction, customer value add, and profitability analysis. Customer satisfaction is one of the most crucial value measurements that a business can make, as it provides an indication of how well the company is meeting its customers' needs.
Walmart has consistently demonstrated that they are capable of satisfying their customers through their extensive range of products, competitive pricing, and exceptional customer service. They have also taken measures to improve customer satisfaction, such as providing a more personalized shopping experience and faster checkout times.
To know more about brands visit:
https://brainly.com/question/31752787
#SPJ11
Norway is one of the larges exporters of oil. At the end of 2019, the global price of oil fell substantially. For this question, treat oil as a final good, not an input into production. Begin at the long-run equilibrium. As a result of the fall in the price of oil, Norway's AD and LRAS v. GDP and the price level , SRAS ✓, unemployment
When oil prices fell substantially at the end of 2019, Norway, being one of the largest exporters of oil, was affected. In this context, it is essential to consider oil as a final good, not an input into production. The effect of this fall on Norway's AD and LRAS v.
GDP and the price level, SRAS, and unemployment is discussed below.Long-run Equilibrium:In the long-run equilibrium, the GDP and price level are determined by the intersection of AD and LRAS. The quantity of final goods and services supplied depends on the productive capacity of the economy, which is represented by LRAS. The economy's productive capacity depends on its resources and technology. Hence, the LRAS curve is vertical at the potential output level. The economy's output level in the long run is at its potential level. In the long run, there is full employment and natural rate of unemployment.
AD is also vertical at the potential output level. Hence, the equilibrium price level in the long run is stable, with no change in the GDP level. Norway's Long Run Equilibrium at Potential Output is illustrated below: Effect of fall in Oil prices on Norway's AD and LRAS:Oil is one of Norway's most significant export goods. As a result, the fall in oil prices reduces the country's export earnings. The fall in export earnings leads to a fall in foreign income, which results in a leftward shift in the AD curve. AD curve shifts to AD1 from AD. The equilibrium GDP level falls from Y to Y1, resulting in lower output in the economy. The new equilibrium GDP is lower than the potential output level, and there is a recessionary gap. At the same time, the price level falls from P to P1.
This fall in price level occurs as the reduction in output leads to a fall in demand for the goods, which in turn leads to lower prices. Hence, a fall in oil prices results in a fall in output level and a fall in the price level. The impact of the fall in oil prices on Norway's AD and LRAS is shown below: Effect of fall in oil prices on Norway's SRAS:The fall in oil prices affects the prices of the final goods and services produced by the country.
The fall in oil prices leads to a fall in production costs. Hence, the SRAS shifts to the right from SRAS to SRAS1. The fall in production cost results in a fall in the price level and a rise in the output level. As the SRAS shifts to the right, the economy moves towards the long-run equilibrium, where the GDP level returns to its potential output level, and the price level remains stable. Effect of fall in oil prices on unemployment:The fall in oil prices leads to a fall in output level in the economy, which results in a fall in the demand for labor. The fall in demand for labor leads to a rise in unemployment.
Thus, the fall in oil prices affects Norway's GDP, price level, output level, and unemployment. The impact of the fall in oil prices depends on how the different components of the economy, AD, SRAS, and LRAS, respond to the fall in oil prices.
For more information on GDP visit:
brainly.com/question/28375883
#SPJ11
