Economic profit is the monetary amount that remains after deducting both explicit and opportunity costs from revenue.
Economic profit = revenues - explicit costs - opportunity costs
Economic Profit:
Economic profit is a form of profit derived from the production of goods and services, taking into account alternative uses of a firm's resources. Subtract explicit costs from revenue and include opportunity costs incurred during the period. Also part of this equation is an implied cost, which is typically the cost of a company's resources. We can use the following formula to calculate economic profit if you know the total amount of revenue generated and the total associated costs. An implied cost can be the market price at which a company can sell compared to using natural resources. A paper company owns a dense forest. They cut down trees to make paper products. Their implied cost is wood that can be sold at market price.
There is another way of thinking. A company can choose Project A over Project B. The profit from Project A after deducting costs and expenses is the accounting profit. Economic benefit includes the opportunity cost of choosing project A over project B. In other words; economic profit takes into account how much more or less profit would be made (using company resources) if management chose Project B.
The best companies calculate economic benefits to make informed business decisions and allocate resources efficiently. However, economic gains or losses are not generally disclosed, so this metric is less useful in stock buying decisions. Instead, investors should evaluate the company's management and its track record of entering new markets to drive overall growth.
The same concept of the Financial Profit Management Team is helpful at the individual level. For example, We can use the concept of financial profit to decide whether to start a business.
A new company expects to bring in $100,000 in its first year, but only costs $80,000 to start. Our book profit will be $20,000. But to start the company, he would have to quit his full-time job and downgrade to part-time, making him $50,000 in his first year.
The economic loss for the first year is minus $30,000 ($100,000 in sales - $80,000 in initial costs - $50,000 in lost revenue). However, after the first year, you can choose this plan if you have no further upfront costs, significantly reduced ongoing costs, and increased income. Early financial losses can turn into long-term financial gains.
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34. Assume that the marginal propensity to consume is 0.75. net exports decline by S10 billion, and government spending increases by $20 billion. Given that there is no crowding out, the equilibrium gross domestic product can increase by a maximum of (A) $7.5 billion (B) $15 billion (C) $40 billion (D) $80 billion (E) $120 billion
$40 billion. the marginal propensity to consume is 0.75. net exports decline by S10 billion, and government spending increases by $20 billion. Given that there is no crowding out.
the equilibrium gross domestic product can increase by a maximum When someone's income rises, the MPC calculates how much of that gain is spent on goods and services rather than saved. In light of this, MPC is computed as MPC = change in consumption / change in income. Using the above example, the MPC is 500 / 1000 = 0.5. In economics, the marginal propensity to consume (MPC) is defined as the proportion of a wage increase that a consumer spends on goods and services rather than saving. In economics, the marginal propensity to consume is a statistic that quantifies induced consumption, which is the idea that an increase in disposable income leads to an increase in personal consumer expenditure. The percentage of disposable income spent on consumption.
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Which of the following is/are easy money policy maneuvers of the Federal Reserve?I. Lower discount rateII. Buying bondsIII. Increased reserve ratioI and II only.
Lower discount rate and Buying bonds are easy money policy maneuvers of the Federal Reserve.
Option 1 and II are correct.
How does a policy of easy money work?When the Federal Reserve allows cash to accumulate within the banking system, it is referred to as "easy money," as this lowers interest rates and makes it simpler for lenders and banks to lend money. The Fed's ability to use monetary policy to boost the economy is exemplified by easy money.
Why the Federal Reserve employs an easy money policy for a reason ?The United States' central bank, the Federal Reserve Bank (fed), favors easy money policies when the economy's money supply has decreased. Through open market operations, discount rates, and reserves, this policy aims to increase the market's money supply.
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which one of the following forms of compensation is most apt to align the interests of managers and shareholders? group of answer choices a fixed salary a salary that is linked to company profits a salary that is paid partly in the form of the company's shares a salary that is linked to the compnany's market share
A salary that is paid partly in the form of the company's shares is most likely to align the interests of managers and shareholders.
This form of compensation, known as equity-based compensation, gives managers a direct stake in the performance of the company. If the company performs well and its stock price increases, the value of the shares held by the managers also increases, aligning their interests with those of the shareholders.
Whereas a fixed salary or a salary that is linked to company profits or market share does not give the managers a direct stake in the company's performance, which may not align their interests with those of the shareholders.
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A production kanban card is used to signal...
In a lean or JIT system, a production kanban signals that:
Multiple Choice
there is a need to deliver parts to the next work center.
there is a need to produce parts at the work center.
a machine is ready for preventive maintenance.
parts are ready to be moved to the next station.
a machine has broken down and needs immediate attention.
A production kanban card is used to signal is there is a need to produce parts at the work center.
Kanban is a just-in-time (JIT) manufacturing inventory control technique. It was created by Toyota industrial engineer Taiichi Ohno, and it gets its name from the colorful cards used to track production and place orders for fresh deliveries of components or materials as they get depleted. The kanban system simply refers to the use of visual cues to prompt the action required to keep a process moving. Kanban is a Japanese word that immediately translates to "visual card."
One way to conceptualize the kanban system is as a signal and response system. There will be a visible indication indicating how much to order from the supplier when an item is running short at an operational station. The user places the order for the quantity specified by the kanban, and the provider fulfills the order exactly as asked.
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to recover the payments suspended during a moratorium, instead of charging higher payments, a lender may choose to offset any possible hardships for the borrower by
The answer is extending the term of the loan by a time interval equal to the moratorium period. Lenders typically do not forgive the payments, but want to eventually collect all of the funds due from the borrower.
What is moratorium period ?
Similar to forbearance or deferment, a moratorium period is when your lender permits you to stop making payments for a predetermined length of time and for a predetermined reason. Most frequently, there is some sort of financial difficulty.
What is a policy of moratorium?
A moratorium is a temporary suspension of an action or a legislation until further consideration justifies its lifting, such as if and when the problems that gave rise to the moratorium are overcome.
A government, authorities, or a company can all impose a moratorium. The borrower is not required to make house loan EMI payments for a certain amount of time during a moratorium period.
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Amortizing a bond discount: Allocates a portion of the total discount to interest expense each interest period. Increases the market value of the Bonds Payable. Decreases the Bonds Payable account. Decreases interest expense each period. Increases cash flows from the bond. -stion 20 any issued and sold a $400,000, 7%, 10-year bond payable an stis payable each June 30 and December 3L The con Question 20 On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the second interest payment is: $400,000. $399,800 $396,400 $395,800 $396,200
The correct response is A. Allocates a portion of the total discount to interest expense each interest period.
Interest expenses serve as a reflection of the cost of borrowing money. It is the cost a lender charges a borrower for using their money. On the income statement, the cost of borrowing money from banks, bond holders, and other sources can be displayed as interest expense. Interest expense is distinct from operating expense and CAPEX because it relates to a company's capital structure and is frequently tax deductible. On the income statement, interest revenue and expense are occasionally combined under the categories "interest income - net" (if there is an excess of interest income) or "net interest expense" (if there is a surplus in interest expense).
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Amortizing a bond discount:
A. Allocates a portion of the total discount to interest expense each interest period
B. Increases the market value of the Bonds Payable
C. Decreases the Bonds Payable account
D. Decreases interest expense each period
E. Increases cash flows from the bond
on june 1, 2022, blossom company was started with an initial investment in the company of $20,000 cash. here are the assets, liabilities, and common stock of the company at june 30, 2022, and the revenues and expenses for the month of june, its first month of operations:
Company blossom
Revenue Statement
For the calendar month of June, 2022
Seven thousand six hundred dollars in revenue
Less:
operational costs
One thousand dollars was spent on supplies.
alterations and upkeep 610
400 dollars were spent on advertising.
290 dollars were spent on utilities.
1,500 dollars in salaries and wages
$3,800 is the total operating expense.
$3,800 NET OPERATIONAL INCOME
When creating an income statement, we start with the revenue and subtract all costs to arrive at the net operating income. Because all real accounts are shown on the balance sheet, the things we must include in the income statement are all nominal accounts.
Real accounts include cash, notes payable, accounts receivable, accounts payable, supplies, equipment, and common stock. As a result, none of them will appear on the income statement because they are all balance sheet accounts.
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The complete question as follows
On June 1, 2022, Blossom Company was started with an initial investment in the company of $20,000 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations:
Cash - $ 4,700
Notes payable - $12,200
Accounts receivable - 4,100
Accounts payable - 600
Service revenue - 7,600
Supplies expense - 1,000
Supplies - 2,460
Maintenance and repairs expense - 610
Advertising expense - 400
Utilities expense - 290
Equipment - 24,200
Salaries and wages expense - 1,500
Common stock - 20,000
Turn this into a monthly income statement.
one of the benefits of financial reporting in gfebs is that it allows you to run reports at any time
a. true
b. false
One of the benefits of financial reporting in gfebs is that it allows you to run reports at any time----- True.
Option A is correct.
Financial reporting: what is it?Financial reporting is an important process for investors and businesses because it provides important data that shows financial success over time. Financial reporting is also monitored by governmental and commercial regulatory organizations to guarantee fair commerce, compensation, and financial activity.
Most of the time, you record your financial transactions on a few important statements that other people can look at. We explain what financial reporting is, why it is important, how financial statements look, who uses them, and who monitors them in this article.
Financial reporting is the process of recording and communicating financial performance over specific time periods, typically quarterly or annually. Businesses use financial reports to present their current financial situation and compile accounting data.
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Y=C+I+G C=120+0.8×(Y−T) I=500−50×r G=150 T=125
The value of the Income based on the consumption and investment given will be 4350 - 250r.
How to calculate the national income?Based on the information given, it should be noted that the income of a country is represented as:
Y = C + I + G
In this situation, the meaning of the terms include:
Y = Income
C = Consumption
I = Investment
G = Government Expenditure
C=120+0.8×(Y−T)
I=500−50×r
G=150
T=125
Y = C + I + G
Y = 120 + 0.8Y - 0.8T + 500 - 50r + 150
Y = 120 + 0.8Y - 0.8(125) + 500 - 50r + 150
Y - 0.8Y = 120 + 100 + 500 - 50r + 150
0.2Y = 870 - 50r
Y = 4350 - 250r
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Complete question
Given Y=C+I+G C=120+0.8×(Y−T) I=500−50×r G=150 T=125. Find the value of y
The graph above shows the joint PPF for good X and Y between Aaron and Betty. Based on the joint PPF, which one of the following statements is FALSE? - Using efficient joint production they can produce 12 units of X and 12 units of Y. - Aaron has a comparative advantage in producing X. - Betty's MOC of producing each unit of Y is 1/3 unit of X. - Aaron has a greater MOC of producing X than Betty does. - Aaron's MOC of producing each unit of X is 1/2 unit of Y.
The false statement is Aaron's MOC of producing each unit of X is 1/2 unit of Y.
The statement that is false is "Using efficient joint production they can produce 12 units of X and 12 units of Y." This is false because the joint PPF shows that the maximum amount of X and Y that can be produced is 10 units of X and 8 units of Y. All of the other statements are true based on the joint PPF. Aaron has a comparative advantage in producing X because he can produce more of it than Betty can. The product possibility frontier( PPF) is a wind on a graph that illustrates the possible amounts that can be produced of two products if both depend upon the same finite resource for their manufacture. The PPF is also appertained to as the product possibility wind. PPF also plays a pivotal part in economics. This fashion can be used by economists to determine the set of points at which a country’s frugality is most efficiently allocating its coffers to produce as numerous goods as possible.
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Which of the following statements is more of a general characteristic of a manufacturing organization, as compared to a service organization?
answer choices
a. Short-term demand tends to be highly variable.
b. Operations are more capital intensive.
c. Outputs are more intangible.
d. Quality is more difficult to measure.
Manufacturing organization provide real, tangible products that may be kept in stock until they are needed. Service providers, in contrast, provide immaterial goods that cannot be made in advance.
What are manufacturing and service operations?A crucial component of the operations organisation in a corporation is offered by the Manufacturing organisation & Service Operations certification track. Its mandate is to manage resources, provide resources, and transform raw materials into finished goods.
relating to economics: What is the short run?We refer to this period of time as the short run when at least one production component is fixed. All production is carried out in the short run by adding more of the moveable factors, like as labour, to the fixed factors, such as capital and land. According to the concept of the "short run," some inputs remain constant while others are variable for a predetermined period of time in the future. In terms of economics.
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Zahra and Joseph sign a contract worth $1,000. When Zahra breaks the contract, Joseph loses the $1,000.
Which type of monetary award does Joseph receive if he is later awarded $1,000?
a. Incidental damages
b. Compensatory damages
c. Nominal damages
d. Restitution
The avoidance of the settlement of an obligation would be the necessary means by which this would have to take place.
This phrase is used to refer to everything that has to do with the rejection and voiding of a transaction that was completed at a previous time. It has to do with the revocation of the upcoming transaction. The avoidance of the settlement of an obligation would be the necessary means by which this would have to take place. Given that individuals who have entered into a contract are the ones who would be able to have a voidable contract, would also be able to abide by the contract, and would also have to disaffirm the deal, there was no contract in this circumstance.
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on september 1 of the current year, scots company experienced a flood that destroyed the company's entire inventory. because the company had not completed its month end reporting for august, it must estimate the amount of inventory lost using the gross profit method. at the beginning of august, the company reported beginning inventory of $215,750. inventory purchased during august was $192,650. net sales for the month of august were $543,100. assuming the company's typical gross profit ratio is 40%, estimate the amount of inventory destroyed in the flood. multiple choice $82,540 $191,160 $81,540 $134,700 $87,540
The correct answer is Option (1). The amount of inventory destroyed in flood can be estimated using the gross profit method as follows:
Gross profit = Net sales - Cost of goods sold
Cost of goods sold = Net sales - Gross profit
Gross profit ratio = Gross profit / Net sales.
Given the typical gross profit ratio of 40%, we can calculate the gross profit:
Gross profit = Net sales * Gross profit ratio
Gross profit = $543,100 * 40%
Gross profit = $217,240
Cost of goods sold = Net sales - Gross profit
Cost of goods sold = $543,100 - $217,240
Cost of goods sold = $325,860
The cost of the goods sold includes the cost of the beginning inventory and the cost of the inventory purchased during August:
Cost of goods sold = Beginning inventory + Inventory purchased
$325,860 = $215,750 + $192,650 - Inventory destroyed
Solving for the inventory destroyed:
Inventory destroyed = $215,750 + $192,650 - $325,860
Inventory destroyed = $82,540
Therefore, the estimated amount of inventory destroyed in flood is $82,540.
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Now that Sheila has completed her bachelor's degree, she has decided to pursue her master's degree. Sheila's choice of additional education is called an investment in:
A human capital.
B labor
C financial capital.
D physical capital.
E natural resources.
Sheila's choice of additional education is called an investment in human capital.
Sheila's decision to pursue her master's degree is an investment in her own human capital, which is the knowledge, skills, and abilities that she has acquired through education and experience. Investment in mortal capital is to the fore of debate and analysis in OECD countries about how to promote profitable substance, fuller employment, and social cohesion. individualities, organizations and nations decreasingly honor that high situations of knowledge, chops and capabilities are essential to their unborn security and success. Investment in chops and capabilities takes place in a variety of settings ranging from early nonage education to informal literacy in the plant, and involves a wide range of actors from individualities to enterprises and governments. People invest in mortal capital for analogous reasons that businesses invest in physical capital and individualities invest in fiscal means they hope to earn income.
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andrew jaffe believes the industry must be diligent about upholding ethical and honest advertising standards for which of the following reasons?
Andrew jaffe believes the industry must be diligent about upholding ethical and honest advertising standards To discourage an increase in governmental regulation.
What is meant by upholding ethical and honest advertising standard?All advertising must be ethical, respectable, genuine, and legal. Every advertisement ought to be created with a proper sense of social responsibility and in accordance with the rules of fair competition, which are commonly acknowledged in the business world. No advertisement should be of the sort to undermine consumer trust in advertising. Truthfulness, equity, and fairness in messaging and customer experience are key components of ethical advertising. A moral commercial upholds the dignity of the individual and is truthful and accurate. Additionally, it looks at the potential for data bias in analytics and the locations where advertisements are placed.To discourage an increase in governmental regulationTo learn more about governmental regulation refer to;
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T/F a speculative presentation allows an advertiser to see what the agency can do for it before signing any contractual agreement.
This statement is True: a speculative presentation allows an advertiser to see what the agency can do for it before signing any contractual agreement.
Well, it did occur once more. Our agency invested three digits in labor hours and four digits in expenses to develop a speculative presentation as a former principal of an advertising agency and finalist in a competitive evaluation. Likewise, a dozen additional agencies, including the incumbent, did so. However, the client told the business press that the incumbent had a little chance of keeping the company. As a result, resources including time and money were used to present the presentations. After all was over, we were not given the account. None of the other non-incumbent organizations did either. The account remained in the same location as before. What was gained, then? The incumbent agency may have given the client newfound motivation and focus, as well as some fresh suggestions. However, the participating organizations suffered losses in morale, funds, and—more importantly—time that could have been used to better serve their current customers. All they got out of it was practice for the next time. But the basic line to all this is that there shouldn’t be a next time. Because speculative presentations should be completely, and forever, “trash-canned."
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Here is the answer of the question: Which of the following is a core benefit that content marketing can bring to a business’s online presence?
It can improve sales by directing more traffic to your website
It can enable a business to create a bank of content, which can be reused to create ads
It helps a company identify its biggest competitors
It provides you with another channel to push sales and promotional messages to customers on a regular basis
By providing them with information and addressing their problems, content marketers may increase traffic and conversions from their niche audiences.
Why is content marketing important?Because it provides the information your audience seeks, content marketing is crucial for establishing relationships with your target market and generating leads. Customers want constant, high-quality content from their favorite companies in the modern world.Content development is a high focus for 80% of marketers, according to the State of Inbound study. In addition, content marketing typically consumes 26% of B2B marketing expenses.One of the numerous elements that affects your company's development and success is its brand messaging consistency. Big brands are skilled at maintaining brand consistency throughout all customer interactions.The same logic holds true for content marketing: across all means of distribution, your material must have a distinct and recognizable voice, style, and pitch.Consistency in your content helps you gain respect, fosters trust, and improves your reputation.Consequently, we are aware that the content you produce must be constant.To Learn more About content marketers refer TO:
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determine the following: a. the stockholders' equity of a corporation that has assets of $600,000 and liabilities of $306,000. $answer 294,000 b. the assets of a corporation that has liabilities of $250,000, common stock of $125,000, and retained earnings of $85,000. $answer
The stockholders' equity of a corporation that has assets of $600,000 and liabilities of $306,000 is $294,000 and the other assets is $460000.
After all debts have been paid, a company's residual assets are referred to as its stockholders' equity. This amount is computed by deducting total debt from total assets, or alternatively, by adding share capital and retained earnings and deducting treasury stock. To determine retained earnings, divide a company's liabilities by its assets to determine stockholder equity. Next, locate the common stock line item on your balance sheet and deduct that amount from the total stockholder equity. Retained earnings are located on a balance sheet's asset side. This is money that the business has earned over the course of its existence and decided to keep on hand rather than distribute as dividends.
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1. using variable costing, what is the unit product cost for both years? 2. what is the variable costing net operating income in year 1 and in year 2? 3. reconcile the absorption costing and the variable costing net operating income figures for each year.
A systematic collection of practises called "cost accounting" is used to measure, record, and report both the overall and specific costs associated with producing things and providing services.
1) By deducting the fixed factory overhead rate per unit from the unit product cost under absorption costing, one can calculate the unit product cost under variable costing.
2) A financial statement called a variable costing income statement produces a contribution margin by deducting variable costs from revenue. The additional profit made when a product's sales outpace its variable costs is known as the contribution margin.
3) By (a) deducting the manufacturing overheads carried forward (absorbed by shutting inventories) and (b) adding the manufacturing overheads brought in, net income under absorption costing and net income under variable costing can be reconciled (absorbed by opening inventories).
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Which of the following are principles of evidence-based management (EBM)? Check all that apply.
A) Establish an organizational culture in which people are encouraged to always be positive.
B) Do things the way the organization has done them before because the outcomes are known.
C) Promote experimentation with various alternatives to learn how well they work.
D) Use the best information available to inform decisions.
E) Analyze recommendations, looking for potential downsides.
The principles of evidence-based management (EBM) is the use the best information available to inform decisions.. The correct option is D.
The evidence-based management is the management in which involves consciously setting aside the accepted conventions and hierarchy of opinion, and using the skill which is critical thinking and the decision making.
The best information uses in the evidence-based management for the asking, acquiring and appraising. In the workplace, asking for translating the practical issue into an answerable question.
The acquiring process is the systematically searching for the evidence. The appraising is critically judging the trust and relevance of the evidence.
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Question:
Sewell Bank has the simplified balance sheet below.
Assets Liabilities
Required reserves $2,000 Demand deposts $10,000
Excess reserves $0 Owner's equity $10,000
Customers $8,000 Government security (bonds) $7,000 Building and fixtures $3,000 Based on Sewell Bank's balance sheet:
a. Calculate the required reserve ratio.
b. Suppose that the Federal Reserve purchases $5,000 worth of bonds from Sewell Bank. What will be the change in the dollar value of each of the following immediately after the purchase?
i. Excess reserve
ii. Demand deposit.
Required Reserve Ratio and Excess Reserves:
The required reserve ratio applies to demand deposits only. It is the percentage of demand deposits that commercial banks shall keep in reserves as mandated by the Federal Reserve. Excess reserves are computed as the difference between a bank's actual reserves and required reserves.
The required reserve ratio is calculated by dividing the required reserves of a bank by its total demand deposits.
The required reserve ratioa. Calculate the required reserve ratio: The required reserve ratio = Required reserves / Demand deposits = $2,000 / $10,000 = 0.2 or 20% b. Suppose that the Federal Reserve purchases $5,000 worth of bonds from Sewell Bank. What will be the change in the dollar value of each of the following immediately after the purchase? i. Excess reserve The excess reserve will increase by $5,000 to $5,000. ii. Demand deposit The demand deposit will decrease by $5,000 to $5,000.In the case of Sewell Bank, the required reserves are $2,000 and its demand deposits are $10,000, so the required reserve ratio is 20%.Excess reserves are the amount of reserves that a bank has over and above its required reserves. For Sewell Bank, its excess reserves are $0 since its required reserves of $2,000 equal its actual reserves. Now, suppose that the Federal Reserve purchases $5,000 worth of bonds from Sewell Bank. This will cause an immediate change in the dollar value of each of the following:i. Excess reserve: Since the Federal Reserve’s purchase of bonds will add $5,000 to Sewell Bank’s reserves, the excess reserves of the bank will increase from $0 to $5,000.ii. Demand deposit: Since the Federal Reserve’s purchase of bonds will reduce the amount of deposits that Sewell Bank has on hand, the demand deposits of the bank will decrease from $10,000 to $5,000.To learn more about The required reserve ratio refer to:
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The information provided by the customer who brings a product in for warranty work can be used for ________ controlA) feedforwardB) concurrentC) preventiveD) feedback
The information provided by a client who returns a product for warranty service may be utilized for (D) feedback Control. Is the right option .
Which of the following types of control is perhaps most desirable for achieving this goal?
These three control modes are formally known as feedforward, concurrent, and feedback. Feedforward control is among the most desirable since this avoids potential problems. As a direct consequence, it's proactive.
One of the discussion that follows refers to the total amount of produced goods or services multiplied by the number of input and output required to generate that amount?
Productivity is frequently referred to as the ratio of output volume to input volume. In plenty of other words, it assesses how effectively production input variables such as labor and money are used in a financial system to produce a certain amount of output.
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If the price of a good in the U.S. is $10, the exchange rate is 2 units of foreign currency per dollar, and the foreign price of the same good is 30 units of foreign currency, then the real exchange rate is 2/3.True/False
If a product's pricing is higher in the U.S. is $10, and the foreign price of the same good is 30 units of foreign currency, then the real exchange rate is 2/3. The given statement is false.
The real exchange rate is the relative price of goods and services between two countries, taking into account the differences in price levels between those countries. It is computed by dividing the foreign price of a good by its domestic price, and then multiplying by the exchange rate. In this case, the real exchange rate would be calculated as follows:
Real exchange rate = (foreign price / domestic price) * (units of foreign currency per dollar)
Real exchange rate = (30 / 10) * (2) = 6
The real exchange rate is 6 it is not 2/3.
It's important to note that if the real exchange rate is greater than 1, it means that the foreign good is relatively cheaper than the domestic good, making it more affordable for domestic consumers. In this scenario, it would be cheaper for American consumers to purchase the foreign good.
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Ebony owns a business that does the following: - Oversees real estate transactions to completion - Brings together the parties to a real estate transaction, such as a buyer and a seller Ebony's business likely engages in:
The businesses of overseeing, concluding, and concluding real estate transactions and business by bringing parties together are known as real estate brokerage.
What exactly are real estate transactions?Services | Real Estate Transaction Advisory | REAG valuation of businesses, assets, and other investments for tax, financial, and other reporting purposes. Solutions for governance, advisory, and monitoring throughout the entire process in order to identify, reduce, and eliminate operational security, legal, compliance, and regulatory risk.
Pre-entry into a contract is the first step, followed by the actual signing of the contract. After the contract has been signed, the third stage involves working through the transaction's specifics, and the fourth stage is closing and post-closing.
Let's talk about the tips you can use to keep buyers and sellers on your side and learn more about the real estate sales process. Step 1: Listing the requirement for sales. Step 2: the property's price. Step 3: organizing the property's viewing. Step 4: Negotiation.
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The following selected events occurred for Orwell Company during the first quarter of 2016:
Jan. 11 A motor breaks on a machine and is replaced for $2,400. This replacement was expected when the machine was purchased.
Feb. 15 A machine breaks down unexpectedly and requires repairs of $700.
Mar. 10 An accident damages some equipment. Repairs cost $2,000.
Mar. 19 A motor breaks on a machine and is replaced for $900. The new motor is an improved designthat increases the capacity of the machine.
Mar. 27 Office layout is rearranged at a cost of $700. At the same time, the walls are repainted for $500.
1. Prepare journal entries for the transactions.
2. Would any of your answers change if the company used IFRS? If so, how?
In IFRS, the major overhaul can be capitalized under two conditions, In case the original equipment which is now replaced is separately identified in the books of accounts and it is impaired and The overhauling will cause an improvement in useful life of the asset.
International Financial Reporting Standards (IFRS) are accounting standards established by the International Accounting Standards Board and the IFRS Foundation (IASB). They are a standardised manner of representing a company's financial performance and condition, allowing its financial statements to be understood and comparable across international borders.
They are especially important for firms whose shares or securities are traded on a public stock market. IFRS have superseded many various national accounting standards across the world, but not the distinct accounting standards in the United States where US GAAP is used.
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compute gross profit. (do not consider any underapplied or overapplied overhead.) 2. compute overapplied or underapplied overhead. 3. if overhead is underapplied, a journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute gross profit. (Do not consider any underapplied or overapplied overhead.) ($ 200,000 Sales Cost of goods sold Gross profit $ 200,000 Required Required 2 > 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute overapplied or underapplied overhead. Underapplied overhead < Required 1 Required 3 >
$50000 in manufacturing overhead multiplied by 70% equals $35,000. Direct Labor = $57,700 – 7,700 = $500,000 1. Sales $ 2,00,000.00 Gross profit was $89,500 while the cost of goods sold was $11,500.
How is manufacturing overhead applied calculated?The overhead allocation rate multiplied by the quantity of labor or equipment used can be used to compute applied production overhead. Therefore, if your employee spends three hours working on the product and your allocation rate is $25, your applied manufacturing overhead for this product would be $75.
Applying manufacturing overhead when is appropriate?All ancillary expenses incurred throughout the production process are referred to as manufacturing overhead. Units created within a reporting period are subject to this overhead.
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FILL IN THE BLANK question 3 fill in the blank: a___________ is a visual representation of the process through which people go from first learning about a brand to becoming loyal customers.
A sales funnel is a visual representation of the process through which people go from first learning about a brand to becoming loyal customers.
What does "sales funnel" mean?
A sales funnel, also known as a purchase funnel, is a diagram that shows the customer's journey from awareness to action during the sales process.
You manage a wonderful advertisement that directs visitors to a landing page. On the page, you offer your potential customer a lead magnet in exchange for joining your email list. As opposed to prospects, you currently have leads.
Which four stages comprise the sales funnel?
Awareness, assessment, purchase, and joy are the four phases of the content marketing funnel. Every stage should have a distinct function in the customer's journey, and the material that is provided at each stage should reflect this.
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based on the balance sheets given for just dew it: a. calculate the current ratio for each year.
In 2017 and 2018, the current ratio is 1.48 and 1.57 respectively.
To calculate the current ratio for Just Dew It for the years 2017 and 2018, you can use the following formula:
Current Ratio = Current Assets / Current Liabilities.
In 2017, the current assets for Just Dew It were $60,750 + $21,420 + $24,075 = $106,245, and the current liabilities were $52,560 + $19,260 = $71,820, so the current ratio for that year would be $106,245/$71,820 = 1.48.
In 2018, the current assets were $67,860 and the current liabilities were $13,275 + $29,925 = $43,200,
so the current ratio for that year would be $67,860/$43,200 = 1.57.
These ratios indicate that Just Dew It had enough current assets to cover its current liabilities for both years. It is considered healthy for a ratio to be above 1, which Just Dew It's current ratio is.
The Balance sheet is given in the image below.
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Question 11 1 pts Aggregate supply (AS) denotes, while holding the price of inputs fixed, the that firms choose to produce and total inputs: what types of goods price level for output; GDP type of goods: the input price of raw materials C Question 12 1 pts 120 102 100 102 80 B3 Price Level 60 57 57 40 20 10 10 0 0 2 6 8 10 12 Real GDP -AD Considering the figure above, at what point does the equilibrium occur? The equilibrium point occurs at a price level of 57 and an output level of 5. The equilibrium point occurs at a price level of 83 and an output level of 7. The equilibrium point occurs at a price level of 102 and an output level of 10. Question 13 1 pts What is the correct formula for calculating Aggregate Demand (AD)? C+I+G+ (X-M) O C+X+G+ (1-M) O C+I+G+(M-X) Question 14 1 pts Typically, if consumer and business confidence is low then and if consumer and business confidence is high then AD shifts to the left; AD shifts to the right AD does not shift; AD shifts to the right AD shifts to the right; AD shifts to the left Question 16 1 pts The Aggregate Supply curve shows the downward sloping relationship between price level and output for suppliers. the total quantity of output that firms will produce at a given price level. the potential output of an economy at a given price level. Question 15 1 pts In the chart below concerning the shifts in aggregate supply, arrow B represents an economy that is moving in response to S1 S2 A Aggregate Price Level Q Shifts in Aggregate Supply an decrease in input prices a decrease in consumer confidence O a decrease in productivity Question 17 1 pts Typically, if consumer and business confidence is high then, and if consumer and business confidence is low then AD does not shift; AD shifts to the right AD shifts to the left; AD shifts to the right AD shifts to the right; AD shifts to the left Question 18 1 pts Aggregate supply (AS) denotes, while holding the price of inputs fixed, the that firms choose to produce and price level for output; GDP total inputs: what types of goods type of goods: the input price of raw materials Question 19 1 pts In the long run, real GDP will be close to or on the vertical part of the AS curve. be close to or on the horizontal part of the AS curve. be close to or the consumer price index. Question 20 1 pts In the AS-AD model, when actual GDP falls below potential real GDP in the equilibrium of the AD and short-run AS curves, then aggregate supply increases. the economy is not at a short run equilibrium in the AS-AD model. cyclical unemployment occurs.
The answer of Q.11. is Price of inputs fixed; GDP. Q.12. The equilibrium point occurs at a price level of 83 and an output level of 7.
Q.13. C + I + G + (X-M).
Q.14. AD shifts to the left; AD shifts to the right.
Q.15. a decrease in productivity
Q.16. the potential output of an economy at a given price level.
Q.17. AD shifts to the right AD shifts to the left.
Q.18. price level for output; GDP
Q.19. be close to or on the vertical part of the AS curve
Q.20. cyclical unemployment occurs.
The aggregate supply of a good or service can be defined as the total number of units that can be produced by a particular company or organization. It is the total number of units that can be produced by a particular type of production process.
The aggregate supply of a good or service can also be determined by how many units are available at any given time.
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The following chart shows how costs flow through a business as a product is manufactured. Some boxes in the flowchart show cost amounts. Compute the cost amounts for the input boxes. Materials Activity Raw materials purchases $566,000 Beginning raw materials inventory $154,000 Raw materials available for use in production $ Ending raw materials inventory $192,000 Direct materials used in production Production Activity Direct labor used in production $384.000 Factory overhead used in production $784,000 Beginning work in process Inventory Total work in process Ending work in process inventory $93,000 $1 $ Finished goods manufactured $1,602,000 Sales Activity Beginning finished goods inventory Finished goods available for sale Ending finished goods inventory $ $1,744,500 $140,800 Finished goods sold $
Finished goods available for sale = $1,744,500 , Beginning Inventory of Finished Goods is $0 .
What is the Cost Flow Assumption?The Cost Flow Assumption Theory is the theory used in this question. According to this theory, costs are recorded on a company's financial statements based on when they are incurred and move through a business as a product is manufactured.
The cost amounts for the flowchart input boxes can be calculated using the following steps:
1. Determine how much the raw materials activity will cost:
Raw Materials Purchases: $566,000
Initial Stock of Raw Materials: $154,000
Raw Materials Available for Use in Production:
$154,000 + $566,000
= $720,000
Ending Raw Materials Inventory: $192,000
2. Calculate the costs of the Production Activity:
Direct Labor Used in Production: $384,000
Factory Overhead Used in Production: $784,000
Beginning Work in Progress Inventory: $0
Total Work in Progress:
$384,000 + $784,000
= $1,168,000
Ending Work in Progress Inventory:
= $93,000
3. Calculate the costs of the Sales Activity:
Beginning Finished Goods Inventory: $0
Finished Goods Available for Sale: $1,744,500
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