Chloe makes $500 per week and spends all her income on books and tea. Books cost $25 each, and Chloe buys 16 each week. Tea costs $5 per cup, and Chloe buys 20 cups. When Chloeâs income falls to $450 per week, she cuts her consumption of books by 3 books and purchases 5 more cups of tea. Based on these figures, indicate whether each of the following statements is true or false.

a. Books are an inferior good.

1. True
2. False

b. Tea is a necessity.

1. True
2. False

c. Books are a luxury good, and tea is an inferior good.

1. True
2. False

Your AR ageing report contains information about the credit you grant customers who make purchases from you.

Accounts receivable ageing is a recurring report that classifies a company's receivables based on how long an invoice has been unpaid. It serves as a yardstick for evaluating the stability and financial standing of a company's clientele. If an organization's receivables are being collected much more slowly than usual, this may indicate that business is slowing down or that the organisation is taking on more credit risk in its sales operations. As a management tool, accounts receivable ageing can show whether customers are developing credit concerns and whether the company should continue doing business with those who are frequently late with payments.

To learn more about accounts receivable, visit:

https://brainly.com/question/13166196

#SPJ1

Answer:

1. $283,400

2. $214,968

3. $790,468

4. $780,168

5. $781,868

Explanation:

Material used = Beginning Materials + Purchases - Ending Materials

                       = $35,800 + $304,500 - $40,400

                       = $299,900

Then,

Direct Materials Used = Total Materials Used - Indirect Material

                                     = $299,900 - $16,500

                                     = $283,400

Applied overhead = Application Rate × Actual Activity        

                               =  78% ×  $275,600

                               =  $214,968

Calculation of Total Manufacturing Costs

Direct Materials                         $283,400

Direct Labor                               $275,600

Overheads Applied                    $214,968

Indirect Materials                          $16,500

Total Manufacturing Costs        $790,468

Cost of Goods Manufactured = Beginning Work in Process Inventory + Manufacturing Costs - Ending Work in Process Inventory

                                                  = $110,600 + $790,468 - $120,900

                                                  = $780,168

Cost of goods sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory    

                                =  $ 24,400 +  $780,168 -  $22,700    

                                = $781,868

The mineral deposits and gas reserves are recorded in the accounts through the:

In accounting, the companies record exploration costs capitalized under either method on the balance sheet as part of their long-term assets because machinery used, oil and natural gas reserves are considered productive assets for an oil and gas company.

The accounting standard compels the oil companies to value their reserves by finding their net present value less extraction costs. There are two accounting methods for recording the costs associated with the exploration of oil or gas and that includes the:

Either of the choice "successful-efforts method" or "full cost method" are important because it can determine whether the costs are treated as expenses or if they can be capitalized.

Read more about full cost method

brainly.com/question/27178334

#SPJ1

Answer: from $8.00 per pair to $5.33 for a production facility in North America that currently has labor productivity of 5000 pairs per worker and total regular compensation (which does not include overtime pay) of $40,000 annually.

Explanation:

Since we have been informed that the labor productivity be boosted by 50%, since the production facility in North America currently has labor productivity of 5000, then the new labor productivity will be:

= 5000 (1 + 50%)

= 5000 (1 + 0.5)

= 5000 (1.5)

= 7500

Also, since total regular compensation was given s $40,000 annually, the labor cost will then be:

= 40,000 / 7500

= $5.33

Answer:

4673 million

Explanation:

The operating income is the income that is arrived after deducting all the operating expenses from the sales revenue before deducting the payment of interest and taxes. It is also called as Earning before interest and taxes (EBIT)

So based on the attached figure, as it can be seen that the operating income that should be recorded for 4673 millions i.e. equivalent to the  Earning before interest and taxes

The type of account that Tim should set up would be A. A savings account.

Individuals seeking to save their finances over a certain period and earn interest on them may opt for the savings account type. These savings accounts often feature lower interest rates, yet compensate through easy availability of funds and absence or minimal fees.

In Tim's case, his objective to save up for college expenses could be easily achieved with such an account thanks to its potential to earn returns while also allowing him quick access to his money without excessive charges.

Find out more on savings accounts at https://brainly.com/question/28612990

#SPJ1

Factors a menu creator should take into account while creating banquet menus:

A menu for a banquet is a list of the foods and drinks that will be served. It includes information on each item's preparation method and the ingredients used, just like a standard restaurant menu. However, this kind of menu is more thorough because it also depicts the sequence in which the items will be delivered to guests.

It's important to consider what kinds of dishes and beverages your business will serve while creating the menu. Not only that, though. Choosing a menu's layout and presentation for customers is part of the design process.

Learn more about menu design: https://brainly.com/question/12728953

#SPJ1

The use of Flow-chart will suit Luca's requirement to know the sequence of the production process.

Flowchart is a diagram that shows the separate steps of a process in sequential order.

Therefore, the use of Flow-chart will suit Luca's requirement to know the sequence of the production process.

Read more about Flowchart:

brainly.com/question/11306180

They align your goals to the direction in which you want to go.

Answer:

Explanation:

Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.

Fabuzene is secretly used by famous individuals. Your heath will improve after taking Fabuzene. Medical research has established the safety and efficacy of Fabuzene for weight reduction. Cost of Fabuzene is just $29.95. Losing weight is simple with Fabuzene.

Category-leading product claims primarily seek to educate, reassure, or advance a market segment that customers are not yet completely aware of. Companies that are creating a new market explain what they provide and why people need it in this manner.

A declaration is something like a juice company saying that it use organic fruits to create its product. Claims commonly garner the focus of a target market and create intrigue.

This is how companies that are pioneering a new industry describe what they offer and why people need it.

Therefore, claims need Fabuzene

Learn more about claims

https://brainly.com/question/2748145

#SPJ1

The given question is incomplete. Complete question is given below.

What claims does this advertisement make? Check all that apply. Famous people secretly use Fabuzene. Fabuzene will make you feel healthier. Medical studies have proven that Fabuzene is safe and effective for weight loss. Fabuzene only costs $29.95. Using Fabuzene is an easy way to lose weight.

Answer:

A. Rental insurance covers your personal belongings but not the building

Explanation:

RENTAL INSURANCE is a type of insurance that help to cover or replace a person or an individual personal belongings in the case of unforseen circumstances such as theft ,fire accident or damage to Property which may arise and on the second hand RENTAL INSURANCE does not cover damage to a person personal property that arise due to damage causes by natural disasters such as hurricanes as well as carpeting repair due to water heater leakage.

Lastly RENTAL INSURANCE does not cover the actual building reason been that it only landlord Insurance policy that covers the actual building which means that the correct statement regarding rental insurance is :Rental insurance covers your personal belongings but not the actual building.

In this situation, the best action to take would be to implement Equity Theory, by providing fair rewards and recognition to the employee for their high achievements. This will motivate them to continue striving for success.

The Equity Theory states that employees will be motivated when they perceive that their rewards are proportional to their efforts. This can be represented mathematically by the equation below:

Motivation = (Input/Output) x (Input/Output of Comparison)

Input is the effort and output is the reward. The comparison is the comparison of the employee’s reward and effort to that of another employee.

If the ratio of the input and output of the employee is equal to the ratio of the input and output of the comparison, then the employee is motivated. If not, then the employee needs to be given more rewards or recognition in order to be motivated.

For more questions like Equity Theory click the link below:

https://brainly.com/question/29555722

#SPJ4

The United States government is in debt. But is this a problem? After all, can’t the federal government simply print more money without repercussions? Unfortunately, the solution is not that simple. What could happen they didn't pay it off? The government not paying off there debt could increase interest rates, which could then increase prices and contribute to inflation. The stock market would also suffer if they don't pay it off. Ways they could reduce the national debt would be, raising taxes,  slashing government expenses, and cutting military expenditures.

(I didn't know if your first sentence was your intro or not, sorry! you may take it out if not. Hoped this helped!)

Inflation may result from rising interest rates brought on by the government's failure to pay down its debt. If they didn't pay it off, the stock market would also suffer. Raising taxes, decreasing government spending, and reducing military spending are all possible ways to lower the national debt.

A debt is an amount of money that has been borrowed for a set period of time and must be repaid, plus interest. The borrower's creditworthiness affects both the debt's size and its acceptance. There are various debt categories, and they change depending on the borrower's needs.

The federal government's debt, which includes public debt, federal trust funds, and numerous government accounts, is referred to as the "national debt." The national debt, to put it simply, is the sum of the government's debts to both itself and to others. This represents the total deficit that the government has racked up over time.

Therefore, Rising interest rates brought on by the government's failure to pay off its debt could cause inflation.

Learn more about Debt, here;

https://brainly.com/question/17286021

#SPJ2

The benefit principle of taxation is based on two ideas. The first and foremost is that those who benefit from services should be the ones who pay for them. Secondly, people should pay taxes in proportion to the amount of services or benefits they receive.

Explanation:

HOPE IT HELP U MAKE

Although the benefit principle of taxes is founded on two notions, it is critical for business administration students to learn and understand the fundamental principles of income taxation. The first and most important point is that people who gain from services should pay for them. Second, taxation should be proportional to the amount of benefits or services received.

An income tax is generally a tax levied on persons or corporations (taxpayers) based on their earnings or profits (often referred to as taxable income). In most cases, income tax is calculated as the result of a tax rate multiplied by the taxable income.

Taxation rates may differ depending on the taxpayer's attributes and the source of income.

Learn more about income, here:

https://brainly.com/question/22599836

#SPJ2

Answer:

the answer is:

Explanation:

In the supply chain, __the process of making and selling ___ bear the risk associated with products up to the time they are delivered.

Answer:

                          Preferred Stock              Common Stock

                     (dividend per share)        (dividend per share)

Year 1                        $1.50                                    $0.75

Year 2                       $0.60                                   $0.00

Year 3                       $2.40                                    $1.05

Explanation:

For Year 1:

Total dividend distributed = $75,000

Preferred shareholders' dividend = $50 * 25,000 * 3% = $37,500

Preferred shareholders' dividend per share = $37,500 / 25,000 = $1.50

Common stockholders' dividend = Total dividend distributed - Preferred shareholders' dividend = $75,000 - $37,500 = $37,500

Common stockholders' dividend per share = $37,500 / 50,000 = $0.75

For Year 2:

Total dividend distributed = $15,000

Dividend payable to preferred shareholders = $50 * 25,000 * 3% = $37,500

Dividend paid to preferred shareholders = $15,000

Preferred shareholders' dividend per share = $15,000 / 25,000 = $0.60

Preferred shareholders' dividend carried forward = Dividend payable to preferred shareholders - Total dividend distributed = $37,500 - $15,000 = $22,500

Common stockholders' dividend = $0

Common stockholders' dividend per share = $0

For Year 3:

Total dividend distributed = $112,500

Total dividend paid to preferred shareholders = $37,500 + Preferred shareholders' dividend carried down from Year 2 = $37,500 + $22,500 = $60,000

Preferred shareholders' dividend per share = $60,000 / 25,000 = $2.40

Common stockholders' dividend = Total dividend distributed - Total dividend paid to preferred shareholders = $112,500 - $60,000 = $52,500

Common stockholders' dividend per share = $52,500 / 50,000 = $1.05

1. The revision with the best paragraph coherence is Revision 3.

2. The most appropriate transitions in the following paragraphs which promote paragraph coherence are as follows:

3. The technique that helps to control the length of paragraphs is c. Develop shorter sentences.

Thus, coherent paragraphs support and develop the main topic, idea, or theme of the passage with evidence and examples.

Read more about paragraph coherence at brainly.com

Answer:

Explanation:

POWER DISTANCE  :  This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us. Power Distance is defined as the extent to which the less powerful members of institutions and organisations within a country expect and accept that power is distributed unequally.

Bangladesh scores high on this dimension (score of 80) which means that people accept a hierarchical order in which everybody has a place and which needs no further justification. Hierarchy in an organization is seen as reflecting inherent inequalities, centralization is popular, subordinates expect to be told what to do and the ideal boss is a benevolent autocrat                                            MASCULINITY  :        A high score (Masculine) on this dimension indicates that the society will be driven by competition, achievement and success, with success being defined by the winner / best in field – a value system that starts in school and continues throughout organisational life.

A low score (Feminine) on the dimension means that the dominant values in society are caring for others and quality of life. A Feminine society is one where quality of life is the sign of success and standing out from the crowd is not admirable. The fundamental issue here is what motivates people, wanting to be the best (Masculine) or liking what you do (Feminine).

Bangladesh scores 55 on this dimension and can be considered a a Masculine society. In Masculine countries people “live in order to work”, managers are expected to be decisive and assertive, the emphasis is on equity, competition and performance and conflicts are resolved by fighting them out.                                                                                                                  UNCERTAINTY AVOIDANCE  :        The dimension Uncertainty Avoidance has to do with the way that a society deals with the fact that the future can never be known: should we try to control the future or just let it happen? This ambiguity brings with it anxiety and different cultures have learnt to deal with this anxiety in different ways. The extent to which the members of a culture feel threatened by ambiguous or unknown situations and have created beliefs and institutions that try to avoid these is reflected in the score on Uncertainty Avoidance.

Bangladesh scores 60 on this dimension and thus has an high score. Countries exhibiting high Uncertainty Avoidance maintain rigid codes of belief and behaviour and are intolerant of unorthodox behaviour and ideas. In these cultures there is an emotional need for rules (even if the rules never seem to work) time is money, people have an inner urge to be busy and work hard, precision and punctuality are the norm, innovation may be resisted, security is an important element in individual motivation.          

In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.

In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.

As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.

In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.

As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.

Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.

For more such questions on GDP, click on:

https://brainly.com/question/1383956

#SPJ8

A bill of lading (/ˈleɪdɪŋ/) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods.[1] Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and importers receive the merchandise.[2] The other two documents are a policy of insurance and an invoice.[3] Whereas a bill of lading is negotiable, both a policy and an invoice are assignable. In international trade outside the United States, bills of lading are distinct from waybills in that the latter are not transferable and do not confer title. Nevertheless, the UK Carriage of Goods by Sea Act 1992 grants "all rights of suit under the contract of carriage" to the lawful holder of a bill of lading, or to the consignee under a sea waybill or a ship's delivery order.



Bill of lading

A bill of lading must be transferable,[4][5] and serves three main functions:

it is a conclusive receipt,[6] i.e. an acknowledgement that the goods have been loaded;[7] and

it contains or evidences[8] the terms of the contract of carriage; and

it serves as a document of title to the goods,[9] subject to the nemo dat rule.

Typical export transaction use Incoterms terms such as CIF, FOB or FAS, requiring the exporter/shipper to deliver the goods to the ship, whether onboard or alongside. Nevertheless, the loading itself will usually be done by the carrier himself or by a third party stevedore.

Answer:

Partnership XYZ

Item                                                                  Amount

1. Partnership XYZ's recognized gain (loss) $130,000

2. Bob's taxable gain (income)                       $65,000

3. Bob's basis in the property                        $90,000

4. Bob's basis in the partnership                 $105,000

Explanation:

a) Data and Calculations:

Bob's partnership interest = 50%

Adjusted basis of land = $50,000

Fair market value (FMV) = $180,000

Bob's basis in the partnership at year end = $40,000

Item                                                                   Amount

1. Partnership XYZ's recognized gain (loss) $130,000 ($180,000 - $50,000)

2. Bob's taxable gain (income)                      $65,000 ($130,000 * 50%)

3. Bob's basis in the property                       $90,000 ($180,000  * 50%)

4. Bob's basis in the partnership                 $105,000 ($65,000 + $40,000)

Answer:

Option A

Explanation:

The best piece of advice you could possibly give to protect oneself from identify theft is to always "examine your financial accounts once a month for fraudulent activity" or option A. Fraudulent activity as in purchases you made, that you didn't know you made, which pretty much confirms that your identity was stolen speaking how the first thing a identify thief will do once they get someone's personal information is to spend their money. Looking over your financial accounts at least once a month will ensure that no one else is spending your money or has your personal information.

Hope this helps.

Marketers need to focus on creating value for their customers. The Option D.

Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.

By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.

Read more about marketers

brainly.com/question/25369230

#SPJ1

Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

The total cost of borrowing includes the bond discounts and the interest expenses.

In this case, the total cost of borrowing is $344,702.87.  However, this is only the pre-tax cost.

Face value = $800,000

Interest rate = 7%

Bonds proceeds = $767,320

Bonds discounts = $32,680 ($800,000 - $767,320)

Maturity period = 5 years

Market rate = 8%

Interest payment = quarterly

Quarter interest expense = $14,000 ($800,000 x 7% x 1/4)

N (# of periods) = 20 (5 x 4)

I/Y (Interest per year) = 8%

PMT (Periodic Payment) = $14,000 ($800,000 x 7% x 1/4)

FV (Future Value) = $800,000

Results:

PV = $767,297.13

Sum of all periodic payments = $280,000 ($14,000 x 20)

Total Interest = $312,702.87

Total cost of borrowing = $344,702.87 ($32,680 + $312,702.87)

Thus, Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

Learn more about the total cost of borrowing at https://brainly.com/question/25599836

Answer:

$112,697

Explanation:

The deferred annuity can be calculated in two steps:

Step 1: Calculate the annuity by using the following formula:

Value of Annuity at the year 44 = Annuity Payment * Annuity Factor

Here

Annuity Payment is $50,000

Annuity Factor = (1 - (1 + r)^-n) / r

n is 18 year from year 44 to year 62

r is 4%

So

Annuity Factor = (1 - (1 + 4%)^-18) / 4%

= 12.659

By putting values, we have:

Value of Annuity at the year 44 = $50,000 * 12.659

Value of annuity in year 44 = $632,965

Step 2: Discount it back to year zero

Present value today = $632,965 / (1.04)^44

Present value today = $112,697

The preparation of an income statement through gross profit for Alvarado Company for the month ended March 31 is as follows:

Alvarado Company

For the Month Ended March 31

Sales                                       $2,000,000

Cost of goods sold at standard 1,701,000

Gross profit-at standard          $299,000

Variances from standard cost:

Direct materials price               $4,780 Favorable

Direct materials quantity             -600 Unfavorable

Direct labor rate                        33,110 Favorable

Direct labor time                      -4,500 Unfavorable

Factory overhead controllable -1,100 Unfavorable

Factory overhead volume     -10,000 Unfavorable

Net variances from standard costs  = $21,690 Favorable

Actual gross profit =  $320,690

Cost variance refers to the computed difference between the standard cost and the actual cost.

The price variance and quantity variance make up the total cost variance.

Production costs consist of direct materials and labor, and variable and fixed costs.

                                             Standard   Actual

Pounds per unit                        3.0        2.9875 (23,900/8,000)

Direct Materials                     24,000    23,900 pounds

Material price per pound       $6.00     $6.20

Direct materials cost          $144,000   $148,180

Direct labor hours per unit      7.5        7.525 (60,200 ÷ 8,000)

Hourly rate                          $22.50       $21.95

Variable overhead cost        $1.45       $1.4269 ($85,900 ÷ 60,200)

Total variable overhead   $87,290    $85,900

Fixed overhead cost            $2.00

Fixed overhead direct hours 55,000   60,200

Total fixed overhead costs  $110,000  $

Sales revenue = $2,000,000 ($250 x 8,000)

Direct materials price    $4,780 ($6.00 - $6.20 x 23,900)

Direct materials quantity  -600 (24,000 - 23,900 x $6)

Direct labor rate             33,110 ($22.50 - $21.95 x 60,200)

Direct labor time           -4,500 [(60,000 - 60,200) x $22.50]

Factory overhead controllable -1,100 ($1.45 x 60,000 - $85,900)

Factory overhead volume -10,000 [(55,000 - 60,000) x $2]

Net variances from standard costs  = $21,690

Gross profit = $320,690 ($299,000 + $21,690)

Direct materials          $144,000 ($6.00 x 24,000)

Direct labor               1,350,000 ($22.50 x 60,000)

Variable overhead        87,000 (60,000 x $1,45)

Fixed overhead           120,000 (60,000 x $2)        

Cost of goods sold $1,701,000

Learn more about cost variances at https://brainly.com/question/24064163

#SPJ1          

The Department of Homeland Security (DHS) oversees the movement of individuals and merchandise across the United States as well as the protection of the national frontiers.

To protect the United States from potential terrorist acts and some other natural calamities, the Department of Homeland Security (DHS) is in charge.

All DHS Units immediately report to the Office of the Secretary under DHS organizational structure. The Secretary and Deputy Secretary, this same Chief of Staff, the Counselors, alongside their separate staffs make up the Office of the Secretary. There is no Component to which this staff is attached.

Learn more about department of Homeland Security, here:

https://brainly.com/question/4407458

#SPJ1