1. Calculate the income elasticities of demand for the following:
A. Income rises by 20%; demand increases by 10%.
B. Income rises from $30,000 to $40,000; demand increases (at a constant price) from 16 to 19.
2. For each of the following pairs of goods, state whether the cross-price elasticity is likely positive, negative, or zero. Explain.
A. Pen, pencil.
Close to zero. While they are substitutes they are not close substitutes.
Negative. They are complements.
Positive. They are close substitutes.
B. Ketchup, hot dogs.
Negative. They are complements.
Positive. They are close substitutes.
Close to zero. While they are substitutes they are not close substitutes.
C. Tortillas, lobster tail.
Negative. They are complements.
Positive. They are close substitutes.
Close to zero. While they are substitutes they are not close substitutes.
D. Home heating oil, natural gas.
Positive. They are close substitutes.
Negative. They are complements.
Close to zero. While they are substitutes they are not close substitutes.
3. One football season Domino’s Pizza, a corporate sponsor of the Washington Redskins (a football team), offered to reduce the price of its $8 medium-size pizza by $1 for every touchdown scored by the Redskins during the previous week. Until that year, the Redskins weren’t scoring many touchdowns. Much to the surprise of Domino’s, in one week in 1999, the Redskins scored 1 touchdown. (Maybe they like pizza.) Domino’s pizzas were selling for $7 a pie! The quantity of pizzas demanded soared the following week from 50 pies an hour to 60 pies an hour. What was price elasticity of demand for Domino’s pizza?
4. When tolls on the Dulles Airport Greenway were reduced from $2.00 to $0.75, traffic increased from 12,000 to 34,000 trips a day. Assuming all changes in quantity were due to the change in price, what is the price elasticity of demand for the Dulles Airport Greenway?
5. Determine the price elasticity of demand if, in response to an increase in price of 20%, quantity demanded decreases by 25%.
6. When the price of ketchup falls by 17%, the demand for hot dogs rises by 4%b. Income rises from $75,000 to $90,000; demand increases (at a constant price) from 50 to 55..
A. Calculate the cross-price elasticity of demand.
B. Are the goods complements or substitutes: .
C. In the original scenario, what would have to happen to the demand for hot dogs for us to conclude that hot dogs and ketchup are substitutes?
1. The demand for hot dogs would have to decline.
2. The demand for hot dogs would have to remain unchanged.
3. The demand for hot dogs would have to rise.
7. Calculate the income elasticities of demand for the following:
A. Income rises by 5%; demand increases by 5%.
B. Income rises from $75,000 to $90,000; demand increases (at a constant price) from 50 to 55.
8. One football season Domino’s Pizza, a corporate sponsor of the Washington Redskins (a football team), offered to reduce the price of its $8 medium-size pizza by $1 for every touchdown scored by the Redskins during the previous week. Until that year, the Redskins weren’t scoring many touchdowns. Much to the surprise of Domino’s, in one week in 1999, the Redskins scored 1 touchdown. (Maybe they like pizza.) Domino’s pizzas were selling for $7 a pie! The quantity of pizzas demanded soared the following week from 50 pies an hour to 60 pies an hour. What was price elasticity of demand for Domino’s pizza?
Answers
Answer:
1. Calculate the income elasticities of demand for the following:
A. Income rises by 20%; demand increases by 10%.
income elasticity of demand = % change in quantity demanded / % change in income
income elasticity of demand = 10% / 20% = 0.5, normal goodB. Income rises from $30,000 to $40,000; demand increases (at a constant price) from 16 to 19.
income elasticity of demand = 18.75% / 33.33% = 0.56, normal good2. For each of the following pairs of goods, state whether the cross-price elasticity is likely positive, negative, or zero. Explain.
complementary goods have a negative cross price elasticity, while substitute goods have a positive cross price elasticity.A. Pen, pencil.
Positive. They are close substitutes.B. Ketchup, hot dogs.
Negative. They are complements.C. Tortillas, lobster tail.
Negative. They are complements.D. Home heating oil, natural gas.
Positive. They are close substitutes.3 and 8. One football season Domino’s Pizza, a corporate sponsor of the Washington Redskins (a football team), offered to reduce the price of its $8 medium-size pizza by $1 for every touchdown scored by the Redskins during the previous week. Until that year, the Redskins weren’t scoring many touchdowns. Much to the surprise of Domino’s, in one week in 1999, the Redskins scored 1 touchdown. (Maybe they like pizza.) Domino’s pizzas were selling for $7 a pie! The quantity of pizzas demanded soared the following week from 50 pies an hour to 60 pies an hour. What was price elasticity of demand for Domino’s pizza?
price elasticity of demand = % change in quantity demanded / % change in price = 20% / -12.5% = -1.6 or |1.6| in absolute terms, price elastic4. When tolls on the Dulles Airport Greenway were reduced from $2.00 to $0.75, traffic increased from 12,000 to 34,000 trips a day. Assuming all changes in quantity were due to the change in price, what is the price elasticity of demand for the Dulles Airport Greenway?
price elasticity of demand = % change in quantity demanded / % change in price = 183.33% / -62.5% = -2.93 or |2.93| in absolute terms, price elastic5. Determine the price elasticity of demand if, in response to an increase in price of 20%, quantity demanded decreases by 25%.
price elasticity of demand = % change in quantity demanded / % change in price = -25% / 20% = -1.25 or |1.25| in absolute terms, price elastic6. When the price of ketchup falls by 17%, the demand for hot dogs rises by 4%
cross price elasticity of demand = % change in quantity demanded of good A / % change of price of good B = 4% / -17% = -0.24, complementsC. In the original scenario, what would have to happen to the demand for hot dogs for us to conclude that hot dogs and ketchup are substitutes?
1. The demand for hot dogs would have to decline.The cross price elasticity of demand for substitute goods is positive (-/- = +)
7. Calculate the income elasticities of demand for the following:
A. Income rises by 5%; demand increases by 5%.
income elasticity of demand = % change in quantity demanded / % change in income = 5% / 5% = 1, normal goodsb. Income rises from $75,000 to $90,000; demand increases (at a constant price) from 50 to 55.
income elasticity of demand = 10% / 20% = 0.5, normal goodRelated Questions
What is the link between managing ineffective performers and organizational productivity?
Answers
Ineffective performance is defined as an employee's inability to meet a specified level of performance and is usually ascribed to the working environment. The capacity of an organization to fulfill its goals while avoiding costs is referred to as organizational productivity.
What effect does organization have on productivity?According to studies, competent management may considerably enhance production, market value, and growth, as well as the capacity to resist bad events such as a recession.
Ineffective personnel have a significant negative impact on organizational productivity. To increase the performance of such personnel, certain managerial steps must be taken.
Managers should closely monitor, engage, encourage, and guide ineffective employees. Bosses should design motivational strategies and identify the root reason of an employee's incapacity to succeed. Employees are affected by a variety of circumstances, including coworkers, the environment, family disruptions, and salaries.
As a result, supervisors must recognize the issue and properly aid the employee. Criticism from superiors causes work-related stress, which leads to ineffectiveness; thus, empathic managers may resolve these differences and strengthen the working relationship.
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. Explain the role of money in specialisation and division of labour
Answers
Answer:Money plays a crucial role in the process of specialization and division of labor. As an economy grows, the division of labor becomes more complex, and people begin to specialize in specific skills and trades. Specialization and division of labor increase productivity and efficiency, which leads to economic growth. Money facilitates the exchange of goods and services between people who have specialized in different areas.When people specialize in specific skills or trades, they produce goods or services that are unique and valuable. Money allows them to exchange these goods and services with other people who have specialized in different areas. This exchange of goods and services is made possible by the use of money, which serves as a medium of exchange. Without money, people would have to rely on bartering, which would be difficult and inefficient.Moreover, money encourages further specialization and division of labor. When people are able to earn money by specializing in a particular skill or trade, they are more likely to continue doing so. This creates a positive feedback loop, leading to increased specialization, higher productivity, and economic growth.In summary, money plays a critical role in the process of specialization and division of labor by facilitating the exchange of goods and services between people who have specialized in different areas. Money encourages further specialization and division of labor, leading to higher productivity, efficiency, and economic growth.
Explanation:
Lake Shore Vineyards recently paid a $4.20 annual dividend on their common stock. This dividend increases at an average rate of 4.2 percent per year. The stock is currently selling for $80.65 a share. What is the market rate of return
Answers
Answer:
Rate of return = 9.63%
Explanation:
Current stock price = Current dividend * (1+growth rate) / (Rate of return - growth rate)
Current stock price = $80.65
Current dividend = $4.20
Growth rate = 4.2% = 0.042
Rate of return = ?
$80.65 = $4.20*(1 + 0.042 ) / (Rate of return - 0.042)
$80.65 = $4.20*(1 .042) / (Rate of return - 0.042)
$80.65 = $4.3764 / (Rate of return - 0.042)
$80.65 * (Rate of return - 0.042) = $4.3764
$80.65* Rate of return - $3.3873 = $4.3764
$80.65* Rate of return = $4.3764 + $3.3873
$80.65* Rate of return = $7.7637
Rate of return = $7.7637 / $80.65
Rate of return = 0.0962641041537508
Rate of return = 9.63%
PLEASE ANSWER FAST
Once an apprentice graduates, they earn a nationally recognized credential and are promoted to journeyworker, which means less pay and less mobility in the career.
A. True
B. False
Answers
The journey workers who are promoted after completing their apprenticeships earn more remuneration and get more chances of free movement in the organization.
Option B is the correct answer.
Who is an apprentice?Apprentice is an individual who learns and trains himself/herself in a particular field under the guidance of an employer.
When the people who are apprentice graduates have completed their training period, then they are referred to as journey workers. The journey worker is the one who has all the competencies and skills in his/her interest field. After being a journey worker, an individual gets a placement in an organization which means a higher salary and higher mobility in the career life.
Therefore, the provided statement is considered to be false.
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C. Imagine you Deposit K10, 000 every six months for the next five years at an interest rate of 10% per annum. You would want to know what this value will be at the end of the period.
Required:
i. Using simple interest (5 Marks)
ii. Using compounded interest (5 Marks)
iii. If the deposits were made at the beginning of every six months (5 Marks)
iv. If the deposits were made at the end of every six months (5 Marks
Answers
i) Using simple interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K127,500.
ii) Using simple interest, if the deposits were made at the end of every six months, the ending (future value) would be K122,500.
iii) Using compounded interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K132,067.87.
iv) Using compounded interest, if the deposits were made at the end of every six months, the ending (future value) would be K125,778.93.
What differentiates simple interest from compound interest?The difference between simple interest and compound interest is that simple interest is only based on the principal.
On the other hand, compound interest computes interest on both the principal and accumulated interest.
Simple Interest (Deposits at Beginning):Period Principal Interest Balance
1 K10,000 K500 K10,500 (K10,000 + K500)
2 20,000 1,000 21,500 (K10,500 + K10,000 + K1,000)
3 30,000 1,500 33,000
4 40,000 2,000 45,000
5 50,000 2,500 57,500
6 60,000 3,000 70,500
7 70,000 3,500 84,000
8 80,000 4,000 98,000
9 90,000 4,500 112,500
10 100,000 5,000 127,500
Simple Interest (Deposits at Ending):Period Principal Interest Balance
1 K10,000 K0 K10,000
2 20,000 500 20,500 (K10,000 + K10,000 + K500)
3 30,000 1,000 31,500
4 40,000 1,500 43,000
5 50,000 2,000 55,000
6 60,000 2,500 67,500
7 70,000 3,000 80,500
8 80,000 3,500 94,000
9 90,000 4,000 108,000
10 100,000 4,500 122,500
Compound Interest at Ending:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = K125,778.93
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K25,778.93
Compound Interest at Beginning:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = $132,067.87
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K32,067.87
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Suppose that the population of Mexico grew by 2.5% per year from 2013 to 2018. In which years were per capita real GDP growth positive?
Answers
Per capita real GDP was positive in 2014, 2015 and 2016.
What is per capita real GDP?
Per capita real GDP is real GDP growth divided by population growth. It is a measure of the standard of living of the country.
Per capita real GDP = real GDP growth / population growth
Real GDP growth = nominal GDP growth - price growth
What is the per capita GDP growth from 2013 to 2018?
2013: (2.9 - 1.5) / 2.5% = 0.56%
2014: (7.2 - 4.4) / 2.5% = 1.12%
2015: (6.1 - 2.8) / 2.5% = 1.32
2016: (8.3 - 5.4) / 2.5 = 1.16
2017: (8.8 - 6.7) / 2.5 = 0.84
2018: (7.1 - 5.0) / 2.5 = 0.84
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What is productivity?
A. quantity of input per unit of output
B. quantity of output per unit of input
C. Quality of output per unit of input
D. quality of input per unit of output
Answers
Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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Why would there be a problem within the team if there is an coworker displaying attitude and temper problems?
Answers
Answer:
Workplace
Explanation:
The attitude and temper problems of the one coworker could hinder the capabilites of the rest of the team
A computer assembly firm purchases computer parts at $230 per computer. The
operating expenses are 29% on cost and rate of markup is 57% on cost.
a. What is the selling price of each computer?
Round to the nearest cent
What is the operating per computer?
Answers
Answer:
Maybe 60%
Explanation:
Ethics Student Activity Packet
2 Ethics Defined
You may have a sense of what ethics is, but if someone asked you to define it, would you be able to? Watch this short video that defines ethics. Then, answer the questions.
1. In your own words, explain what ethics is.
2. The video states that "codes of conduct express relevant ethical standards for many professions, such as medicine, law, journalism, and accounting." Brainstorm 3 possible codes of conduct for one of these professions.
Answers
The study of ethics, often known as moral philosophy, is the branch of knowledge that examines what is morally good and evil as well as morally right and wrong. Any theory or system of moral ideals or principles can also be included under this umbrella phrase.
Morality and ethics have a lot in common. Whereas it formerly would have been more correct to speak of moral judgements or moral principles, it is now usual to refer to ethical judgments or ethical principles. The definition of ethics is expanded by these uses. In older usage, the phrase did not relate to morality itself but rather to the academic discipline or line of research that deals with morality. Ethics is comparable to moral philosophy in this regard.
The code of ethics is a set of rules meant to assist professionals behave themselves in a morally upstanding and honest manner. An organization's goal and basic values, the professional standards to which they are held, the way in which professionals should handle challenges, and other topics may all be included in a code of ethics statement.
An "ethical code," often known as a code of ethics, can cover topics including employee behavior policies, professional practice standards, and corporate ethics.
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How is productivity calculated
Answers
Answer:
productivity is calculated by using formula
Explanation:
formula = total output/ total input
Explanation:
Productivity measures the efficiency of a company's production process. It is calculated by dividing the outputs produced by a company by the inputs used in its production process. Common inputs are labor hours, capital and natural resources, while outputs are generally measured in sales or the number of goods and services produced. Productivity can be calculated by measuring the number of units produced relative to employee labor hours or by measuring a company's net sales relative to employee labor hours
To begin, you must choose a topic for your conference. You may choose a topic for an academic conference based on your area of study, a professional or trade event focused on your career, or a fan conference celebrating a popular genre or piece of entertainment. Read through the resources in the Supporting Materials section to learn more about each of these types of conventions to help inform your choice.
Answers
If I were to choose a topic for a conference, I would lean towards an academic conference focused on a specific aspect of literature or literary theory.
This choice aligns with my passion for literature and my desire to engage in critical discussions surrounding it.
One possible topic could be "Exploring the Intersection of Identity and Literature." This conference would delve into how literature reflects and shapes individual and collective identities. It would encompass various themes such as gender, race, sexuality, nationality, and class, exploring how these factors influence the construction of characters and narratives. The conference would provide a platform for scholars, researchers, and students to present papers, exchange ideas, and engage in thought-provoking discussions.
This topic is relevant in today's diverse and multicultural society, allowing for exploration of how literature contributes to our understanding of identity, representation, and social dynamics. It would provide a platform to analyze both canonical and contemporary works, examining the ways in which authors navigate and challenge societal norms and conventions.
By organizing such a conference, attendees would have the opportunity to gain insights into the complex relationship between literature and identity, fostering a deeper appreciation for diverse voices and narratives. It would also serve as a platform for interdisciplinary dialogue, bringing together scholars from various disciplines, including literature, cultural studies, sociology, and psychology.
Overall, this conference would contribute to the ongoing discourse on identity and literature, fostering a deeper understanding of how literature reflects, critiques, and influences the construction of individual and collective identities.
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What is the first step in QuickBooks Online that must be completed prior to recording the deposit? +New > Invoice +New> Journal entry +New> Receive payment +New > Make deposit
Answers
The first step in QuickBooks Online that must be completed prior to recording the deposit is Option C. +New > Receive payment.
The first step in QuickBooks Online that must be completed prior to recording the deposit is +New > Receive payment. It is recommended that you document each payment you receive from your clients or customers as a deposit to ensure that the transaction is accurately reflected in your QuickBooks Online account.
To record a deposit in QuickBooks Online, follow these steps:
Go to QuickBooks online and sign in to your account. Select the +New button, which is located in the upper-left corner of the screen. Choose Receive Payment from the drop-down menu. Enter the name of the customer who is making the payment in the Receive Payment From field. From the Payment Method drop-down menu, select the payment method that the customer is using. Enter the amount of the payment that was received in the Payment Amount field, along with any fees or discounts that may apply. If there are any notes you'd like to include with the transaction, you can add them to the Memo field. Click on Save and close.To summarize, when recording a deposit in QuickBooks Online, the first step that must be completed is to choose the +New button and select Receive Payment from the drop-down menu. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
What is the first step in QuickBooks Online that must be completed prior to recording the deposit?
A. +New > Invoice
B. +New> Journal entry
C. +New> Receive payment
D. +New > Make deposit
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live is quamp so life quamp
Answers
Answer:
is this a question?
Explanation:
Answer:
yesssssssssssssssss
Explanation:
Interpret this wavelet coherence graph
Answers
The lead/lag phase relations between the studied series are shown as an arrow in the wavelet coherence plots. When the two-time series have a zero phase difference, they move in unison on that scale. Depending on whether the time series are in phase or antiphase, arrows will point to the right (left). The correlation between two signals is gauged by wavelet coherence.
The examination of frequency change in the time domain is made possible by wavelet analysis, which enables the change from a time-value system to a time-scale (frequency) system. Based on the frequency components that each signal contains, the coherence function calculates the correlation between the signals. The spectrum is hence a correlation. By calculating the cross-phase spectrum, one can also derive time differences as a function of frequency.
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a US company owns 80% of interest in a company located on Mars. Martian currency is called The Martian credit during the year the parent company sold inventory that had a cost of 24500 to the subsidiary on account for 28,500 when the exchange was 0.519 to the subsidiary still held one half of the inventory and had not paid the parent company for purchase at the end of the physical year. The unsettled account is denominated in dollars the exchange rate at the fiscal year and was 0.4994 compute the amounts that would be reported for inventory and accounts payable in the subsidiary translated balance sheet the entities functional currency is the Martian credit
Answers
The amounts reported for inventory and accounts payable on the subsidiary translated balance sheet are 18,619 Martian credits and 14,217 Martian credits, respectively.
A US-based company that has an 80% stake in a Martian company has to report the assets, liabilities, and equity of its subsidiary on its consolidated financial statements in US dollars. The Martian currency is known as the Martian credit. During the year, the parent company sold inventory with a cost of 24500 to the subsidiary on account for 28,500 when the exchange rate was 0.519 to the subsidiary.
One-half of the inventory still belongs to the subsidiary, and at the end of the physical year, the subsidiary had not paid for the purchase.The account that remained unpaid is denominated in dollars, and the exchange rate was 0.4994 at the end of the fiscal year.
The functional currency of the company is Martian credit, and the dollar amount of the balance sheet needs to be translated into the Martian currency. In order to calculate the inventory and accounts payable, we will use the current rate method. The first step in the calculation is to find the closing rate of the Martian credit to the US dollar.Exchange rate at the fiscal year-end: $1 = 0.4994
Martian creditThe amount reported for inventory on the subsidiary translated balance sheet can be calculated as follows:
Beginning inventory: 12,250 (since the subsidiary still holds one half of the inventory)
Cost of inventory sold to the subsidiary: 24,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported inventory = (12,250 + 24,500) × 0.4994 = 18,619
Martian credits The amount reported for accounts payable on the subsidiary translated balance sheet can be calculated as follows:
Beginning accounts payable: 0Amount owed to parent company: 28,500
Closing rate of the Martian credit to the US dollar: 0.4994
Martian credit reported accounts payable = (0 + 28,500) × 0.4994 = 14,217 Martian credits
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The actuarial gains or losses that result from changes in the projected benefit obligation are called Group of answer choices Liability Gains & Losses None of the above Asset or Liability Gains & Losses Asset Gains & Losses
Answers
Answer: Liability Gains & Losses
Explanation:
The Projected Benefit Obligation refers to the present value of the amount that a company owes its employees as pension if its employees retire with the company so this is a liability to the company.
If this PBO is to change therefore and actuarial gains or losses are recorded from this change, they would affect the liabilities of the company and would therefore have to be referred to as liability gains and losses.
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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How do financial institutions contribute to the development of a market economy?
A.
They collect sales tax on goods and services for local and state governments.
B.
They impose and collect tariffs on products imported from other countries.
C.
They prevent businesses and people from overspending when prices are high.
D.
They provide loans so that businesses and people can buy goods and services.
Answers
Answer:
Option D
Explanation:
I just used this on my test and got it correct
Anna does not have the admission fee to get into and amusement park. She convinces her friend, Steven,
to let her hide in the trunk of his car so that she can sneak into the park. She defends her actions by
saying that the loss to the amusement park is 'intangible" because no one was hurt and because she
did not really take anything of value. She also says that she is just a teenager who doesn't have as much
money as the rich owners of the park. Why is the theft wrong despite Anna's feelings?
Answers
Answer: see explanation
Explanation:
Based on the scenario that has been discussed in the question, the theft is wrong despite Anna's feelings because Anna did not pay the admission fee to get into the amusement park. This ultimately leads to the reduction in revenue on the part of the owner of the amusement park.
Let's take a look at a scenario whereby everyone who got into the amusement park did exactly thesame thing that Anna did,this simply means that no one will pay and the owner of the amusement park might eventually close down due to the fact that he or she will run at a loss. Anna's decision to hide in the trunk and enter the amusement park isn't ethical as well.
A company previously issued $2,000,000, 10% bonds, receiving a $120,000 premium. On the current year's interest date, after the bond interest was paid and after
40% of the total premium had been amortized, the company calls the bonds at $1,960,000. Prepare the journal entry to record the retirement of these bonds on
January 1 of the current year.
Answers
Gain on retirement of bonds = Carrying value of bonds- Cash paid to retire bonds
= $2,072,000-$1,960,000
= $112,000
How to solvePar value of bonds = $2,000,000
Premium on bonds payable = $120,000
Bond premium amortized = Premium on bonds payable x 40%
= $120,000 x 40%
= $48,000
Unamortized bond premium = Premium on bonds payable - Bond premium amortized
= $120,000-$48,000
= $72,000
Carrying value of bonds = Par value of bonds+ Unamortized bond premium
= $2,000,000+$72,000
= $2,072,000
Cash paid to retire bonds= $1,960,000
Gain on retirement of bonds = Carrying value of bonds- Cash paid to retire bonds
= $2,072,000-$1,960,000
= $112,000
Date General Journal Debit Credit
January 1 Bonds payable $2,000,000
Premium on bonds payable $72,000
Gain on retirement of bonds $112,000
Cash $1,960,000
( To record retirement of bonds)
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a. What is 15% of 1000?
b. A store is offering a 15% off sale on all TVs. The most popular television is normally priced at $1000. How much money would a customer save on the television during this sale?
Answers
$150
Explanation:
bc its is just that
Answer:
$150
Explanation:
15% of 1000
0.15 x 1000 =
150
Convert the percentage into a decimal and then multiply.
What is an organization that uses resources to produce a product which
then sells called?
household
competition
private property
Answers
Answer:
A business or firm is an organization that uses resources to produce a product which it then sells.
1. ______should develop a statement of ethical values. 2. If employees lack ________, they may be ineffective in performing their duties. 3. Organizational structure provides a basis for planning, directing, and controlling _________. 4. The audit committee should be composed of directors who are not _______of the organization. 5. To enhance the control environment, management develops job __________.
Answers
According to the business and organization practices:
Senior Management should develop a statement of ethical values.
This is because they are the ones that are responsible for establishing and enforcing rules and regulations.If employees lack skills, they may be ineffective in performing their duties.
This is because it is through the application of skills employers perform their functions.Organizational structure provides a basis for planning, directing, and controlling Operations.
This is because organizational structures are comprised of all the activities occurring in the company.The audit committee should be composed of directors who are not employees of the organization.
This is because fair and credible auditing should be done by people who are not biased or interested in the firm.To enhance the control environment, management develops job descriptions.
This is because job descriptions will give all employees the ideas he needs to perform his functions.
Hence, in this case, it is concluded that business practices and operations are crucial to the success of any company.
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Which of the outcomes in are most appealing to you? Are you more attracted to extrinsic outcomes or intrinsic outcomes?
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Extrinsic outcomes are external rewards such as money, status, or recognition that come from achieving a goal. These outcomes are appealing to some individuals because they provide tangible benefits and can be easily measured by others.
On the other hand, intrinsic outcomes are internal rewards such as personal satisfaction, a sense of accomplishment, or personal growth that come from achieving a goal. These outcomes are appealing to some individuals because they provide a deeper sense of fulfillment and can be more meaningful in the long-term.
Ultimately, whether someone is more attracted to extrinsic or intrinsic outcomes depends on their personal values and goals. Some people may prioritize external rewards and seek to maximize their income or social status, while others may prioritize personal growth and seek to achieve goals that align with their passions and values.
It is important to strike a balance between both types of outcomes and to find a sense of purpose and satisfaction in the goals that we pursue.
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Question 5/10
Choose the statement that is true about health
insurance.
You do not need health insurance if you do not have
a full time job.
You don't need health insurance if you are young
and healthy.
You don't need health insurance if you are under
age 26.
You should always have health insurance,
regardless of your circumstances.
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Answer:
The correct statement is the last one. You should always have health insurance, regardless of your circumstances.
The correct statement is - "You should always have health insurance, regardless of your circumstances". Thus, option fourth is correct.
What is insurance?Insurance is a form of financial loss protection in which one party promises to reimburse another party in the case of a certain loss, damage, or injury in exchange for a fee. It is a type of risk management that is primarily used to mitigate the risk of a contingent or uncertain loss.
In exchange for a monthly premium payment, an insurance company offers to pay for some or all of your medical expenditures under a health insurance policy.
Health insurance covers the expenditures of small and significant medical difficulties, such as operations and treatment for life-threatening diseases and disabling disorders.
"You should always get health insurance, regardless of your circumstances," is the accurate statement. As a result, option four is correct.
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Choose the letter of the item that best completes
the statement or answers the question.
1. The main idea of this chapter is that (a) cities are not as nice to live
in as suburbs (b) the problems of cities cannot be solved
(c) cities face difficult problems (d) life in the suburbs is boring.
2.
Three out of every four Americans live in (a) rural areas
(b) metropolitan areas (c) cities (d) suburbs.
3.
The Atlanta Metropolitan Area consists of suburbs and a (a) mega-
lopolis (b) central city (c) region (d) state.
4. The Northeast Corridor is an example of (a) a megalopolis (b) a
central city (c) an interstate highway (d) a suburb.
5. Which statement is true of suburban areas today? (a) Suburban
residents depend upon the city for jobs, entertainment, and essen-
tial services. (b) Median family income is lower in the suburbs than
in cities. (c) More people are employed in manufacturing in the
suburbs than in the cities. (d) Minorities and the elderly tend to be
concentrated in the suburbs.
6. Which one of the following is an attempt to solve the problems of
the cities? (a) urban renewal (b) flight of businesses and the mid-
dle class to the suburbs (c) deterioration of city streets and public
buildings (d) increase in homelessness.
7. The decline of manufacturing industries and the increase in service
jobs in the cities have resulted in (a) fewer traffic problems in the
city (b) higher incomes for city workers (c) greater opportunities
for high school dropouts (d) a widening of the gap between rich and
poor in the cities.
8. Which one of the following is an argument in favor of urban re-
newal projects? (a) Rentals in renewal areas are very high. (b) Poor
people will be displaced and crowded into slums. (c) Businesses will
stay and the middle class will be brought back into the city.
(d) More city services will be required in renewed areas.
9. Which one of the following is an argument in favor of increased fed-
eral aid to cities? (a) Federal spending has not reduced the number
of high school dropouts. (b) The same urban problems often occur
in many areas of the nation. (c) The people in city and state govern-
ments have better understanding of problems than the people in
the federal government. (d) The federal government is already too
deeply in debt.
10. Which one of the following supports the view that local problems
do not begin or end in the local area? (a) Unemployment in the
cities increases when the national economy is doing poorly. (b) Federal aid to cities is not a new idea. (c) The federal government has the money, but the cities do not. (d) Urban renewal projects have always been successful.
Answers
The answers are:
Option COption bOption bOption AOption AOption AOption DOption COption bOption AAtlanta Metropolitan AreaThis is known to be the Region that are found in Georgia. It is known as Metro Atlanta, that was created by the United States Office of Management and Budget.
Note that Three out of every four Americans live in metropolitan areas and The Atlanta Metropolitan Area consists of suburbs and a megalopolis.
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In its ads, Clorox touts the effectiveness of its Disinfecting Wipes by claiming that they disinfect better than those made by Windex, a competing brand. This is: 1. reminder advertising. 2. comparative advertising. 3. primary advertising. 4. selective advertising. 5. institutional advertising.
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Answer: I would say 2. Comparative advertising
Explanation: In terms of comparing Clorox is saying, “yeah we disinfect better than windex over there.”
stock price for vinyl record player?
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To give you an idea the stock price, beginner to advanced record player installations can range from $50 to $450, depending on a number of variables.
What is current stock price?It is the latest trading price for a share of stock or any other security. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a later transaction involving that security.The current price is only an indication and not a promise. The future sale price on an exchange is not determined by the present price. The security's price will fluctuate over time as supply and demand factors change.Using the current value accounting method, assets are valued at their replacement cost rather than their initial cost.Cash price is the same as current price because it refers to the most recent quoted price on an exchange.Learn more about current stock price refer to :
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