Answer:
A. Prepayment penalties
Explanation:
Refinancing a loan has the benefits of a lower interest rate, which results in some cost-saving. However, when seeking to refinance, there cost that have to be incurred. The customer has to apply for refinancing, which attracts an application fee. The customer is also required to pay closing costs for the previous loan.
Lower interest rates, Locked rates, and Lower monthly payments are advantages of refinancing.
An electric iron was sold with 15% profit on selling price. If the profit
was Rs. 330, find the cost price and profit percent on cost price.
Answer:
Cost price = Rs. 1,870
As a percentage = 17.65%
Explanation:
The electric iron box was sold with a 15% profit on the selling price. The profit was Rs. 330. It means 15% of the selling price is Rs. 330.
I.e., 15% x SP = Rs.330
SP = Rs. 330/15 x 100
SP = 22 x 100
Sp = Rs. 2200
The selling price is Rs. 2200
if the profit is Rs.330, the cost price will be
=Rs.2200 - Rs 330
=Rs. 1,870
profit percentage of cost price
=330/1870 x 100
=0.176 x 100
=17.65%
Find out equilibrium price and output for the following market condition.
Demand function Qd--50-2P and
Supply function Qs = 3P
Answer:
At equilibrium demand is equal to supply therefore
Qd=Qs
50-2P=3P
By collecting like terms
50=3P+2P
50=5P
P=10
THEREFORE equilibrium price is 10
Explanation:
Paid Rs.700 as rent of the house occupied by the proprietor for personal use
Answer:
see below
Explanation:
In this transaction, Rs. 700 is used to pay for rent that the proprietor uses for personal use. The transaction will be captured in the drawings account. A drawing account is used to track all the money owners take from a business for personal use. The amount taken to pay rent, Rs. 700 will be debited Drawings A/c.
The transaction will decrease cash ( asset account) by Rs. 700. A decrease in assets is credited. Therefore, the cash account will be credited by Rs.700
The journal entry will be
Drawings A/c Dr. Rs.700
Cash A/c. Cr Rs.700
A business owner makes 50 items a day. She spends 8 hours in producing those items. If hired elsewhere she could have earned $10 an hour. The item sells for $10 each. Production occurs seven days a week. If the explicit costs total $10,000 a month the economic profit for the month equals:
Answer:
$2,600
Explanation:
The computation of economic profit is shown below:
Economic profit = Revenues - Economic cost
where,
Economic cost = Explicit cost + Implicit (opportunity) cost
where,
Implicit cost
= $10 × 8 hours × 30 days
= $2400
And,
Explicit cost for a month = $10,000
So,
Economic cost is
= $10,000 + $2400
= $12,400
Now
The Revenue
= Price × quantity
= $10 × 50 items × 30 days
= $15,000
Finally
Economic profit is
= $15,000 - $12,400
= $2,600
If commercial banks deposits are stable and the central bank purchased securities from commercial banks, this would:_______
a. Decrease reserves and increase leverage
b. Increase reserves and decrease leverage
c. Decrease total assets
d. Increase total assets
e. Both B and D
Answer: e. Both B and D
Explanation:
When the Central bank purchases securities, this is an expansionary monetary policy tool because it is introducing money into the economy. When the CB buys securities from commercial banks, the money that they pay to these banks will increase their reserves which will decrease their leverage.
With higher cash holdings, the banks will have more money to loan out which means that their total assets will increase as well.
The book value of an asset is primarily used to compute the: Multiple Choice annual depreciation tax shield. amount of tax due on the sale of an asset. amount of tax saved annually due to the depreciation expense. amount of cash that can be received from the sale of an asset. change in depreciation needed to reflect the market value of the asset.
Answer:
b. Amount of tax due on the sale of an asset
Explanation:
The book value of an asset is primarily used to compute the amount of tax due on the sale of an asset. The book value of an asset is value of asset on the company/ It is important to note that the book value is not a fair market value. Book value is an accounting and tax calculation. The salvage value of an asset is after-tax cash flow in an amount equal to sales price minus the tax due based on the sales price minus the book value.
If I travel to New York City from Boca Raton every weekend for 10 years, I am still considered a tourist in New York City.
Answer:
Yes
Explanation:
Yes, in any State or Country that you are not a permanent resident in you would be considered a tourist. In this scenario, you are a permanent resident of Boca Raton, Florida and only visiting New York City on weekends. Regardless of how frequent, since you are not a permanent resident and only travel on weekends to see the city or have fun then in the eyes of the law you are technically a tourist in the city.
Kirov, Inc. reports credit sales of $200,000 for the year ending December 31, 2015. The year- end unadjusted balance of its Allowance for Doubtful Accounts is a debit of $9,000 Experience suggests 6 percent of its net sales will be uncollectible. The amount that should be debited to Bad Debt Expense and credited to Allowance for Doubtful Accounts in its year- end adjusting entry is
A. $3,000
B. $21,000
C. $9,000
D. $12,000
E. $23,000
Answer:
D. $12,000
Explanation:
Allowance for Doubtful accounts = Credit sales * Rate
Allowance for Doubtful accounts = $200,000 * 6%
Allowance for Doubtful accounts = $12,000
Allowance for doubtful account
Particulars Particulars
Balance brought forward $9,000 Bad debts $12,000
Balance carried forward $3,000
Total $12,000 Total $12,000
Therefore, the amount to be debited to Bad debts and credited to Allowance for Doubtful accounts is $12,000.
26. As a result of a successful attempt by government to cut the economic pie into more equal slices?
a. the pie gets larger, and there will be more pie overall.
b. the pie gets smaller, and there will be less pie overall.
c. it increases the reward for working hard, resulting in people producing more goods and services.
d. those who earn more income pay less in taxes.
Answer:
B
Explanation:
A great feature of QuickBooks Online is that there are other lists you can utilize to make it easier to fill i forms Where would you go to find these lists? A. Go to the Gear icon and select All Lists B. Go to the Plus icon and choose All Lists C. Go to the Accounting screen and select All Lists D. Go to the Reports screen and select All Lists
Answer: A. Go to the Gear icon and select All Lists
Explanation:
QuickBooks online is an accounting software that is used by businesses to make business payments, to pay bills, and can also be utilized to perform payroll functions.
A great feature of QuickBooks Online is that there are other lists that one can use to make it easier to fill i forms and these list can be found in the gear icon where one would then select all lists.
You may not feel like a tech guru yet, but you’re already an expert at navigating one piece of technology - your smartphone!
Choose one of the options below and discuss how you learned to use that feature on your smartphone. Answer in 5-7 sentences
Online Shopping
Voice Controls
Social Media
Your favorite App
Answer:
Online shopping,
I only recently learned how to do online shopping because of the worldwide pandemic. It was tricky at first. I had to set up my paypal with every store I signed up for. I thought that as soon as I make one account it would access all the other ones. Turned out I was wrong. I had to create one account for amazon then another for forever21 and one H&M. It was a hassle but then eventually I got the hang of it. And now I get notifications for sales and I can get most of my stuff online in a breeze. Although shoe shopping is still puzzling. Because I foot fits differently in different shoe types and brands.
THE END :)
Which statements about junk bonds are correct? Choose three correct answers
Answer: Edg 2021: A, B, E
Explanation:
Answer: the answers are
White is more than 25 percent in all regions.
At least 85 percent of the cars in every region are white, silver, black, or gray.
All the colors are consistently represented across regions.
Explanation: just incase some people get confused
At its peak at the end of 1999, Microsoft had a market cap of $600B. PC sales were booming and most PCs ran on Microsoft software. Revenue was growing 30% per year. The P/E ratio peaked at nearly 80.Ox in 1999. Looking at this chart, what happened in the subsequent 15 years? A. The decline in the P/E ratio canceled out the decline in earnings and this pushed the market cap up. B. Earnings grew and this pushed the market cap up. C. The decline in the P/E ratio more than offset earnings growth and this pushed the market cap down. D. Earnings declined and this pushed the market cap down.
Answer: C. The decline in the P/E ratio more than offset earnings growth and this pushed the market cap down.
Explanation:
Market Cap = P/E ratio * Earnings
Market cap is dependent on both the P/E ratio and Earnings as shown by the formula and as shown on the graph, the P/E ratio kept on decreasing which means that for the Market Cap to decrease, the downward pull of the P/E ratio must have overshadowed the growth in earnings such that the Market Cap went down instead of up.
For instance, if the earnings were $40 billion and the P/E ratio was 15, Market Cap would be $600 billion.
If earnings increased to $45 billion but P/E ratio decreased to 10, Market Cap would become $450 billion.
Choose the true statement about Josephson's Core Values Model for ethical decision-making.a.) Profitability is a core value that lies at the heart of the model.b.) The profitability of a company has no place in ethical decision-making.c.) Profitability is one consideration of the model, especially as it relates to stakeholders, but it is not the most important consideration.d.) Considering profitability ensures that the most ethical decision will be made.
Answer:
c.) Profitability is one consideration of the model, especially as it relates to stakeholders, but it is not the most important consideration.
Explanation:
The main focus of the Josephson's Core Values Model is placed on
trustworthinessrespectresponsibilityfairnesscaringcitizenshipBut a corporation's stockholders are also important stakeholders and their needs cannot be simply put aside. The important thing is to satisfy stockholders' needs on an ethical way that benefits all stakeholders including consumers, government entities, the environment, etc.
A stock currently sells for $50 per share, has an expected return of 15%, and an expected capital appreciation rate of 10%. What is the amount of the expected dividend
When a stock currently sells for $50 per share, has an expected return of 15%, and an expected capital appreciation rate of 10%. Then the amount of the expected dividend is $2.5.
The calculation of the amount of expected dividend is shown below.
Expected dividend = (Expected return - Capital appreciation rate) * Selling price
Expected dividend = (15% - 10%) * $50
Expected dividend = 5% * $50
Expected dividend = 0.05 * $50
Thus, Expected dividend = $2.5
What do you mean by dividend?
Dividends are referred to as incentives, which are in the form of payments to shareholders of a company. Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends are issued in various forms, such as cash payment, stocks or any other form.
What is the expected capital appreciation?Capital appreciation refers to the difference between the purchase price and the selling price of an investment made. For instance, if an investor buys a stock for $10 per share, and the stock price rises to $12, the investor has earned $2 in capital appreciation.
Hence, the answer is given and explained above.
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Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools.
Activity Cost Pool Cost Drivers Estimated Overhead Expected Use of Cost
Driver per Activity
Loading and unloading Number of pieces $97,000 91,500
Travel Miles driven 467,000 585,000
Logistics Hours 62,000 3,150
Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.)
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Part 1
Calculation of activity-based overhead rates
Cost of Each Activity = Cost of Activity ÷ Number of times that Activity is performed
Loading and unloading = $97,000 ÷ 91,500
= $1.06 per piece
Travel = $467,000 ÷ 585,000
= $0.80 per mile
Logistics = $62,000 ÷ 3,150
= $19,68
Part 2
Overhead allocation to Job XZ3275
Loading and unloading (150 × $1.06) = $159.00
Travel ($0.80 × 200) = $160.00
Logistics ($19,68 × 0.75) = $14.76
Total Overheads = $333.76
A bank offers to lend you $10,000 for 1 year on a loan contract that calls for you tomake interest payments of $50.00 at the end of each month and then pay off theprincipal amount at the end of the year. What is the effective annual rate on the loan
Answer:
6.17%
Explanation:
The monthly rate of return on the loan is the monthly interest payment on the loan which is $50 divided by the principal amount borrowed.
The monthly rate of interest =$50/$10,000
The monthly rate of interest =0.50%
However, the effective annual rate is the rate of interest on the loan from an annual basis perspective using the formula below:
effective annual rate=(1+monthly interest rate)^n-1
monthly interest rate=0.50%
n=12(the number of monthly compounding in a year is 12)
effective annual rate=(1+0.50%)^12-1=6.17%
Match each organization and agreement with the phrase that best describes it.
is a regional organization that promotes
growth in Southeast Asia
EU
establishes a shared economy with a
common currency
ASEAN
is an international organization that
works to promote fair-trade practices
WTO
creates a free-trade zone between
Canada, the US, and Mexico
NAFTA
Answer:
see below
Explanation:
ASEAN : Is a regional organization that promotes growth in Southeast Asia. ASEAN is short for the Association of Southeast Asian Nations. Its primary objective is to accelerate economic growth, promote peace, social integration, and cultural development in Southeast Asia.
EU: Establishes a shared economy with a common currency.
The (EU) European Union is composed of 27 member states that are located in Europe. EU is political and economic union that has created a single market by eliminating border restrictions and the creation of a common currency.
WTO : An international organization that works to promote fair-trade practices. WTO stands for The World Trade Organization . The main objective of WTO body is to regulate and liberalize world trade.
NAFTA creates a free-trade zone between Canada, the US, and Mexico.
The North American Free Trade Agreement (NAFTA) minimized or eliminated most tariffs between these counties.
Answer:
NAFTA-creates a free trade zone between Canada the us and Mexico
WTO-is an international organization that works to promote fair trade practices
EU-establishes a shared economy with a common currency
ASEAN-is a regional organization that promotes growth in Southeast Asia
How can questionnaires be distributed to potential respondents?
Answer:
Questionnaires can be administered by an interviewer or answered by the respondents themselves (self-administered). Self-administered questionnaires can be mailed or given in person to the respondents. ... Interviews conducted by interviewers can be personal (face-to-face) or by telephone
A corporate bond with a 6.5 percent coupon has 15 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 7.2 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 8.5 percent. What will be the change in the bond's price in dollars and percentage terms
Answer:
Price change in dollars = $104.22
% decrease in price of dollars = 11.13%
Explanation:
We assume the corporate bond have a face value of $1,000
Face Value = $1000
Coupon = 6.5%*1000/2 =32.50
Number of Periods = 15*2 =30
Semi annual rate of BBB bond = 7.2%/2 =3.6%
Price of BBB Bond = PV of Coupons + PV of Par Value =
Price of BBB Bond = 32.50*(((1-(1+3.6%)^-30)/3.6%)+1000/(1+3.6%)^30
Price of BBB Bond = $936.43
Semiannual Discount Rate for BB bond = 8.5%/2 = 4.25%
Price of BB Bond = PV of Coupons + PV of Par Value
Price of BB Bond = 32.50*(((1-(1+4.25%)^-30)/4.25%)+1000/(1+4.25%)^30
Price of BB Bond= $832.21
Price change in dollars = $936.43 - $832.21
Price change in dollars = $104.22
% decrease in price of dollars = $104.22 / $936.43
% decrease in price of dollars = 0.111295025
% decrease in price of dollars = 11.13%
Price change in dollars is 104.22
And, in percentage it is 11.13%.
The calculation is as follows:1. Face Value =1000
Coupon =6.5% ×1000 ÷ 2 =32.50
Number of Periods =15 × 2 =30
Semi annual rate of BBB bond =7.2% ÷ 2 =3.6%
Price of BBB Bond =PV of Coupons + PV of Par Value
=32.50 × (((1-(1+3.6%)^-30) ÷ 3.6%) + 1000/(1+3.6%)^30
=936.43
Now
Semiannual Discount Rate for BB bond =8.5% ÷2 =4.25%
Price of BB Bond =PV of Coupons + PV of Par Value
=32.50 × (((1-(1+4.25%)^-30) ÷ 4.25%)+1000 ÷ (1+4.25%)^30
=832.21
So,
Price change in dollars is
= 936.43 - 832.21
= 104.22
Now
Percentage decrease in price of dollars is
= 104.22 ÷ 936.43
= 11.13%
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Marginal cost equals Group of answer choices the slope of the line drawn from the origin to the total cost curve. total output divided by the change in total cost. total cost divided by quantity of output produced. the slope of the total cost curve.
Answer: the slope of the total cost curve.
Explanation:
Marginal cost is the slope of the total cost curve because the slope of the total cost curve represents the change in cost per additional quantity produced or purchased which is the definition of what the Marginal cost is.
When marginal cost is the same as marginal revenue, the company is producing at a profit maximising quantity.
explain any five opportunities of
foreign employment
Five opportunities of foreign employment include :
Higher salaries and benefits Career adavncements Cultural immersion Language learning Personal growth How can foreign employment be beneficial ?One of the most significant opportunities of foreign employment is the potential for higher salaries and better benefits. Foreign employment can also provide opportunities for career advancement, particularly for professionals in industries like technology, finance, and healthcare.
Working in a foreign country can also provide an opportunity for cultural immersion. Foreign employment can also provide an opportunity to learn a new language or improve existing language skills.
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Calculate a company's total leverage given the following information:
Change in sales = 3%
Change in earnings = 9%
Explanation:
Given that,
Change in sales = 3%
Change in earnings = 9%
We need to find a company's total leverage.
Total leverage is equal to the ratio of percentage change in earnings per share to percentage change in sales revenue.
[tex]\text{leverage }=\dfrac{9\%}{3\%}\\=3[/tex]
Hence, company's total leverage is 3 units.
A company's total leverage is 13.32. Change in sales = 3% and change in earnings = 9%.
We may calculate the DOL and DFL using the numbers of 3% change in sales and 9% change in earnings, and then multiply those values to obtain the DTL.
Degree of operating leverage (DOL) = (total sales - variable costs) ÷ EBIT
Degree of operating leverage (DOL) = 0.4 ÷ 0.09
Degree of operating leverage (DOL) = 4.44
Degree of financial leverage (DFL) = percentage change in EPS ÷ percentage change in EBIT
Degree of financial leverage (DFL) = 0.09 ÷ 0.03
Degree of financial leverage (DFL) = 3
Degree of total leverage (DTL) = DOL × DFL
Degree of total leverage (DTL) = 4.44 × 3
Degree of total leverage (DTL) = 13.32
Therefore, the company's total leverage is 13.32.
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Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The remaining partners are not interested in buying Kim’s interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies?a. Partition Law Suitb. Tenants in Commonc. Joint Tenancyd. Separate Ownership
Answer: Joint Tenancy
Explanation:
Based on the information that is given in the question, the form of concurrent ownership that applies is the joint tenancy.
Joint tenancy occurs when two or more individuals own thesame property. As a result, the joint tenants that is, the individuals who own the property share an equal ownership and also have equal right on the property.
National Express reports the following costs and expenses in June 2020 for its delivery service.
Indirect materials $6,500 Drivers’ salaries $17,100
Depreciation on delivery equipment 11,800 Advertising 4,700
Dispatcher’s salary 5,530 Delivery equipment repairs 500
Property taxes on office building 920 Office supplies 710
CEO’s salary 12,400 Office utilities 1,040
Gas and oil for delivery trucks 2,300 Repairs on office equipment 270
Required:
Determine the total amount of (a) delivery service (product) costs and (b) period costs.
Answer and Explanation:
The computation is shown below:
a. For delivery service product cost:
Indirect materials $6,500
Depreciation on delivery equipment $11,800
Dispatcher's salary $5,530
Gas and oil for delivery trucks $2,300
Drivers' salaries $17,100
Delivery equipment repairs $500
Total $43,730
b) For Period costs:
Property taxes on office building $920
CEO's salary $12,400
Advertising $4,700
Office supplies $710
Office utilities $1,040
Repairs on office equipment $270
Total $20,040
Which choice below is one of the three assumptions of behavior within consumer choice theory? A. Utility B. Completeness C. Preference D. Indifference
Answer:
Option A
Explanation:
In simple words, utility maximization is one of the assumptions under consumer price theory. As per this assumption, When buying, consumers are supposed to undertake measured choices, buying goods that get them the highest profit, commonly recognized as optimum economic usefulness. Thus, from the above we can conclude that the correct option is A.
In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.Accounts receivable $220,000 Cash 83,000 Finished goods 89,000 Prepaid expenses 44,000 Raw materials 94,000 Work in process 92,000 Prepare the current assets section.
Answer:
Total Current assets = $622,000
Explanation:
Balance sheet (For the year ending)
Current asses Amount
Accounts receivable $220,000
Cash $83,000
Stock $275,000
Finished goods $89,000
Raw materials $94,000
W.I.P $92,000
Prepaid expenses $44,000
Total Current assets $622,000
You write one IBM July 120 call contract for a premium of $10. You hold the option until the expiration date when IBM stock is at $123 per share. How much profit or loss you will realize on the investment
Answer:
The answer is loss of $7
Explanation:
For the buyer of call profit (long) =
Max[0,(St -Sx)] - P
where St is the underlying price of the security
Sx is the excercise price
P is the premium price paid
Max [0, ($123 - $120)] - $10 =
$3 - $10
Loss of $7
One way in which you lose financially when buying a new car is
why do projects fail ?