Answer:
Demographic
Explanation:
Demographic segmentation is when a business divides its market according to characteristics like race, age, gender, income, religion and level of education to have a better understanding of the customer's preferences and needs to be able to design strategies that reach the target market more effectively. According to this, the answer is that a firm that uses demographic segmentation divides a market into groups based on age, income, or level of education.
Consider the following sentence: In order to swim for an hour, Paolo must take time away from work, where he earns $11 per hour. This is in addition to paying a $4 entrance fee for the pool. Which basic principle of individual choice do these statements best illustrate?
Answer: The cost of something is what you give up to get it
Explanation:
The options to the question are:
1.) The cost of something is what you give up to get it
2) Markets are usually a good way to organize economic activity
3) People usually exploit opportunities to make themselves better off.
4) Trade can make everyone better off
This has to do with opportunity cost whereby there's always a trradeoff between two goods. One has to make a choice and leave out one economic decision in order to make another decision.
This can be seen in the question where we were told that In order to swim for an hour, Paolo must take time away from work, where he earns $11 per hour. This is in addition to paying a $4 entrance fee for the pool.
A registered representative may never A) act as a buyer's agent. B) act as a sales agent. C) approve advertising. D) act as a broker.
Answer: C) approve advertising
Explanation: A registered representative may be described as a licensed official equipped with the necessary training required to serve as a broker by functioning in its capacity to help and assist clients trading such as the purchase and sale of securities such as bonds, stock and mutual funds. Hence, registered representatives could be described as brokers, buyers and sales agents of different securities depending on the nature of the license held by the representative. Advert approval is thus not a function of a registered representative
On January 2, 20X4, West Co. issued 9% bonds in the amount of $500,000, which mature on January 2, 20X24. The bonds were issued for $469,500 to yield 10%. Interest is payable annually on December 31. West uses the interest method of amortizing bond discount. In its June 30, 20X4, balance sheet, what amount should West report as bonds payable?
Answer:
$470,425
Explanation:
The computation of the amount reported as bond payable is shown below:
Particulars Interest at 4.5% Interest at 5% Amortized UnAmortized CV
discount discount
Starting value $30,500 $469,500
($500,000 - $469,500)
June 30 $22,500 $23,475 $975 $29,525 $470,425
($500,000 × 4.5%) ($469500 × 5%)
The six months rate would be the half of the rates given in the question
ABC Inc. manufactures bedding sets. The budgeted production is for 55,000 comforters in 2012. Each comforter requires 7 yards of material. So 385,000 yards will be needed. The estimated January 1, 2012, beginning inventory is $124,000 in material. The desired ending balance is $120,000 in material. If the material costs $4.00 per yard, determine the direct materials budget for 2012.
Answer:
Total direct material cost= $1,536,000
Explanation:
Giving the following information:
So 385,000 yards will be needed.
The estimated January 1, 2012, beginning inventory is $124,000.
The desired ending balance is $120,000.
The material costs $4.00 per yard.
To determine the direct material budget, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Direct material budget:
Production= 385,000*4= 1,540,000
Desired ending inventory= 120,000
Beginning inventory= (124,000)
Total direct material cost= $1,536,000
If a homeowner wants to sell his property to an adult child for $1, may a sales agent be involved in that transaction?
Answer:
Of course a sales agent can be involved, although they will probably charge a fixed amount and not a sales percentage. Many people probably need the help of a sales agent to fill out legal forms, including contracts, etc. Not everyone has the knowledge to prepare them or simply fill them out, and a sales agent can be helpful.
Reasons why estimating time and cost are important include all of the following EXCEPT:_________
A) To schedule work.
B) To determine how long the project should take and cost.
C) To develop cash flow needs.
D) To determine how well the project is progressing.
E) To help establish a project selection process.
Answer:
E) To help establish a project selection process.
Explanation: Estimating the time and cost of a project or a business activity is very important as it will to schedule the work, determine the financial requirements of a project,to determine how well the project is performing or progressing etc.
Time and cost of a project are very important to an organisation as they are part of the factors to be analysed and put into consideration when carry or choosing a project.
What is the present value of $9,500 payable at the end of 7 years? Use a nominal rate (monthly compounding) of 8.25%.
Answer:
PV= $5,342.89
Explanation:
Giving the following information:
Future value (FV)= $9,500
First, we need to calculate the monthly interest rate (i) and the number of periods (n):
i= 0.0825/12= 0.006875
n= 7*12= 84
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 9,500/(1.006875^84)
PV= $5,342.89
Temple Company has $500,000 of 9% bonds that pay interest on June 30 and December 31 and have an authorization date of January 1, 2019. The company issues the bonds on March 1, 2019, at par, plus accrued interest.Prepare the journal entry to record the issuance of the bonds.
Answer:
Dr Cash ($500,000 * $103 / $100) $507,500
Cr Bond Payable $507,500
Cr Bond premium $7,500
Explanation:
The bond was issued at 1st March and the interest due is at 31st of December which means that first 2 month interest has been accrued and thus requires journal entry to record:
Dr Interest Expense ($500,000 * 9% * 2/12) $7,500
Cr Interest Payable $7,500
At the issuance date, the price of the bond is $103 and this is the price that was received when the bond was issued, hence the cash collected would be:
Cash Collected = ($500,000 * $103 / $100) = $515,000
$7,500 would be the interest accrued which means:
Cash collected for bond = $515,000 - $7,500 = $575,000
Now the entry would be:
Dr Cash ($500,000 * $103 / $100) $507,500
Cr Bond Payable $507,500
Cr Bond premium $7,500
W02_06.
is the popular name for a free-market economy in which business people make most of the
decisions about what products to produce, how many workers to hire, and what prices to charge for goods
and services.
Select one:
a. Communism
b. Marginalism
ec. Capitalism
d. Socialism
Answer:
it is capitalism
Explanation:
This is so becauae , capitalism is a free market economy where the individual business people do most in the economy by deciding what to produce , workers to hire etc than the government
Juan and Rita are having trouble with new employees Peters and Jackson, indicating which of the four targeted areas of change is most needed?
Answer:
people
Explanation:
There are four areas that are subject to change as the organization frequently tries to adjust to internal and external pressures. These four areas includes:
1. Strategy
2. People
3. Structure
4. Technology
However, in this case, it has been established that, Juan and Rita are having trouble with new employees Peters and Jackson, this is implies or indicates that areas of change is most needed is PEOPLE, because in this case, the problem is between people.
Chik’s Chickens has accounts receivable of $6,333. Sales for the year were $9,800. What is its average collection period?
Answer:
235.5 days
Explanation:
Chik's chicken has accounts receivables of $6,333
The sales for the year for Chik's chicken is $9,800
The first step is to calculate the receivables turnover
= $9,800/$6,333
= 1.55
Therefore the average collection period for Chik's chicken can be calculated as follows
= 365/1.55
= 235.5 days
Hence the average collection period for Chik's chicken is 235.5 days
Calculate 's net working capital, current ratio, and debt ratio at 31, , rounding to two decimal places. At 31, , net working capital was , the current ratio was , and the debt ratio was . Did 's ability to pay both current and total debts improve or deteriorate during the fiscal year? Evaluate 's debt position as strong or weak and give your reason.
Question Completion:
The accounts of Granger Services Inc. at January 31, 2016 are listed in alphabetical order:
Accounts payable $12,200
Accounts receivable 17,000
Accumulated depreciation – equipment 6,500
Advertising expense 11,300
Cash 17,400
Common Stock 5,300
Current portion: Long-term note payable 1,900
Depreciation expense – Equipment 1,900
Interest expense 500
Dividends declared 12,500
Equipment 42,000
Long-term note payable 16,000
Other long-term assets 13,700
Prepaid expense 5,900
Retained earnings, Jan 31, 2015 13,300
Salary expense 26,100
Salary payable 3,400
Service Revenue 95,000
Supplies 3,500
Supplies expense 4,600
Unearned Service revenue 2,800
At January 31, 2015, net working capital was $22,600, the current ratio was 1.90, and the debt ratio was 0.15.
Requirements as provided in the question
Answer:
Granger Services Inc.
a. Net Working Capital:
Current Assets - Current Liabilities
= $43,800 - 20,300
= $23,500
b. Current ratio:
Current assets / current liabilities
= $43,800/20,300
= 2.16
c. Debt Ratio:
Total Liabilities/Total Assets * 100
= $36,300/$93,000 * 100
= 0.39 or 39%
d) At January 31, 2016, net working capital was $23,500, the current ratio was 2.16, and the debt ratio was 0.39.
e) Grange's ability to pay both current and total debts improved marginally during the fiscal year with less current liabilities vis-a-vis the current assets and more long-term debts as can be discerned from the current ratio and debt ratio respectively.
f) Grange's debt position became weak in 2016 as its debts can be settled with 39% of the total assets as against 2015's 15%. This implies that whereas, 15% of the assets could settle the debts in 2015, Grange needed 39% of assets to settle debts in 2016. This is a deterioration for a company that does not want to be highly leveraged. Otherwise, it is an improvement in debt leverage.
Explanation:
a) Data and Calculations:
Granger Services Inc. Trial Balance as of January 31, 2016:
Debit Credit
Cash $17,400
Accounts receivable 17,000
Prepaid expense 5,900
Supplies 3,500
Equipment 42,000
Accumulated
depreciation–equipment $6,500
Other long-term assets 13,700
Accounts payable 12,200
Unearned Service revenue 2,800
Salary payable 3,400
Current portion: Long-term note payable 1,900
Long-term note payable 16,000
Common Stock 5,300
Retained earnings, Jan 31, 2015 13,300
Dividends declared 12,500
Service Revenue 95,000
Advertising expense 11,300
Depreciation expense
– Equipment 1,900
Interest expense 500
Salary expense 26,100
Supplies expense 4,600
Total 156,400 156,400
Granger Services Income Statement for the year ended January 31, 2016:
Service Revenue $95,000
Expenses:
Advertising expense 11,300
Depreciation expense
– Equipment 1,900
Interest expense 500
Salary expense 26,100
Supplies expense 4,600 $44,400
Net Income $50,600
Retained earnings, January 31, 2015 13,300
Dividends declared (12,500)
Retained earnings, January 31, 2016 $51,400
Granger Balance Sheet as of January 31, 2016:
Assets:
Current Assets:
Cash $17,400
Accounts receivable 17,000
Prepaid expense 5,900
Supplies 3,500
Total Current Assets $43,800
Long-term Assets:
Equipment 42,000
Accumulated depreciation
– equipment 6,500 35,500
Other long-term assets 13,700
Total long-term assets $49,200
Total assets $93,000
Liabilities + Equity:
Current Liabilities:
Accounts payable $12,200
Unearned Service revenue 2,800
Salary payable 3,400
Current note payable 1,900
Total Current Liabilities $20,300
Long-term note payable 16,000
Common Stock 5,300
Retained earnings 51,400
Total shareholders' equity 56,700
Total Liabilities + Shareholders' Equity $93,000
A key aspect to communication plans are that they allow the project manager and the project team to:__________.
A) Meet deadlines more effectively.
B) Effectively control costs on the project.
C) Focus on defect resolution.
D) Actively control the flow of information.
Answer:
The correct answer is:
Actively control the flow of information. (A)
Explanation:
successful projects rely on communication. Communication entails exchange, discussion, information, technology, advice and teamwork. A good communication plan entails the following:
sets clear guidelines for how information to be sharedoutlines who is responsible for sharing informationoutline who needs to be included in each communication.There is no definite way for a team to communicate in a project, but a variety of communication methods exist, which includes:
emails, meetings, discussion boards, status reports, to-do lists or task trackers, collaboration apps.
In order to know what type of communication method to choose:
determine what works for the teamuse successful communication methods from similar past projectscheck in with team members and relevant stakeholders.Attorneys who work for a company and are part of the executive or mid-level management team are specifically referred to as _________________________l
Answer:
In house counsel
Explanation:
In house counsel handle of legal matters of the firm, policy, tax and regulatory matters or may occupy managerial positions
Jen agrees to buy Kev's Dirt Bike business on the express condition that Valley Credit Union approves the financing. This approval is:______.
A) a concurrent condition.
B) a condition precedent.
C) a condition subsequent.
D) an implied condition.
Answer:
B) a condition precedent.
Explanation:
A condition precedent is an event or state of affairs that is required before something else will occur. It is a condition precedent because, without the approval of the loan which should come first, Jen would not be interested in buying the Dirt Bike business owned by Kev.
In a statement of cash flows, the sale of a long-term investment would ordinarily be classified as:_____.a. an operating activity.
b. a financing activity.
c. an investing activity.
d. a lending activity.
Answer:
c. an investing activity.
Explanation:
The sale and acquisition of items of Property, Plant and Equipment is classified under investing activities in the cash flow statement.
Therefore, the sale proceeds following the sale of a long-term investment would ordinarily be classified as a cash inflow from investing activity.
The account, Stock Investments, is:________.
a. a subsidiary ledger account.
b. a long-term liability account.
c. a long-term investment account.
d. another name for Debt Investments.
Website promotion methods include:________.
a. banner ads
b. word of mouth
c. newsletters
d. all of the above
Answer:
All of the above
Explanation:
A website can be promoted through the following methods
- Word of mouth: This involves advertising your website to people by telling them directly the different features of the website and giving them unique reasons why they should visit the website
- Newsletters: This involves writing down the benefits of your website to potential customers, this can be sent to their various emails. This form of advertisement is very essential as it serves as a constant reminder to potential customers to enable them visit your website.
- Banner ads: This is a type of advertising strategy in which features of your website is shown in the form of images. This images are used to compel visitors to check out the website. This form of advertising enables you to showcase your website in an attractive way.
Hence all of the options above can be effectively used to promote a website.
different types of products and services
Answer:
Classification of Products and Services.
Convenience Goods. These are products that consumers purchase often and habitually, without much thought given.
Shopping Goods. In contrast, consumers looking to purchase shopping goods are more willing to do research and compare different product options....
Specialty GoodsUnsought Goods.ᐛ
determine the present value of 15000 is to be received at the end of eight years and the discount rate is 9%
Answer:
PV= $7,528
Explanation:
Giving the following information:
Future value= $15,000
Number of periods= 8 years
Interest rate= 9% compounded annually
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 15,000/(1.09^8)
PV= $7,528
After the USA introduces a tariff in the market for gigastraps, the price of gigastraps in the USA will:
Answer:
I'm not sure what a gigastrap is or if it is just a some term made up for this question, but whenever an import tariff is set, the price of the product will increase. It doesn't matter if it is something simple as sugar, microchips, diamonds, cars, etc. It doesn't even matter if the product can be produced domestically or not, the price will still increase since the domestic producers will increase their price to match the increase in price of foreign goods. This is the reason why sugar is so expensive in the US, since the domestic producers charge extremely high prices because they know there is no way foreign sugar producers can compete with them due to the import tariffs and quotas.
After Xavier and Alyssa deposited nearly $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy. Because the Bigbux was an FDIC member bank, Xavier and Alyssa:_______
Answer: should be protected because their account is fully insured by the FDIC.
Explanation:
From the question, we are informed that Xavier and Alyssa kept about $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy but that the bank FDIC member bank.
Based on the above scenario, they'll be protected because their account is fully insured by the FDIC. It should be noted that the Federal Deposit Insurance Corporation helps in insuring several bank deposits and in case of bank failure, the depositors will be paid or the accounts of the bank will have to be transferred to some other bank.
[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Company A Company B Company C Company D Company E
December
31, 2018
Assets $ 44,000 $ 34,320 $ 28,160 $ 78,320 $ 120,120
Liabilities 36,080 24,024 15,206 54,040 ?
December
31, 2019
Assets 49,000 35,280 ? 89,180 135,240
Liabilities ? 23,990 16,086 42,806 106,839
During
year 2019
Stock
issuances 6,000 1,400 9,750 ? 6,500
Net income
(loss) 11,630 ? 7,900 15,094 8,877
Cash
dividends 3,500 2,000 5,875 0 11,000
Compute the amount of assets for Company C on December 31, 2019. (Enter losses amount with a minus sign, wherever required.)
Answer:
= $40,815
Explanation:
For computing the assets first determine the equity for the year 2018 which is shown below:
Equity is
= Total assets - total liabilities
= $28,160 - $15,206
= $12,954
Now the total assets for the year 2019 is
= total liabilities + total equity
= $16,086 + $12,954 + $9750 + $7,900 - $5,875
= $16,086 + $24,729
= $40,815
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $19,520, and her insurance company paid $4,880 toward its cost. The pool increased the value of Linda's house by $6,832, and it has a useful life of 10 years. How much of a deduction is Linda entitled to in the year of installation of the pool?
Answer:Therefore amount of deductions allowable in year of installation = $7,808
Explanation:
Deductions entitled in the year of installation of pool =Cost of installing pool -insurance cost - the increase in property value
=$19,520- $4,880 -$6,832
=$7,808
Therefore amount of deductions allowable = $7,808
Number the following activities from 1 to 3 in the order corresponding to the typical flow of cost in a CPA firm.
Record the time worked on a client project by professional staff.
Record the completion of a client project.
Record the application of office overhead.
Answer:
1. Record the time worked on a client project by professional staff.
The first thing is do is to record the time the client was worked on by a professional staff because CPAs should be charging by the hour.
2. Record the completion of a client project.
The record the completion of a client project so that the project can be considered finished. The total hours worked will be totalized here.
3. Record the application of office overhead.
After the completion of the project the overhead costs are now apportioned and recorded.
Which of the following statements about overhead variances is false?
a. Standard hours allowed are used in calculating the controllable variance.
b. Standard hours allowed are used in calculating the volume variance.
c. The controllable variance pertains solely to fixed costs.
d. The total overhead variance pertains to both variable and fixed costs.
Answer: c. The controllable variance pertains solely to fixed costs
Explanation:
For overhead variance, it should be noted that standard hours allowed are used in calculating the controllable variance, standard hours allowed are used in calculating the volume variance and the total overhead variance pertains to both variable and fixed costs.
Therefore, the option that is not true is that the controllable variance pertains solely to fixed costs(option C)
What is the equilibrium weekly wage and the equilibrium quantity of solar panel installers in the town
Answer:
Equilibrium wage = 800
Equilibrium quantity = 4
Explanation:
The computation of equilibrium weekly wage and the equilibrium quantity of solar panel is shown below:-
Here as per the graph the equilibrium wage is meet at 800 where equilibrium quantity is lying on 4.
Therefore according to the given situation the equilibrium wage is 800 and the equilibrium wage is 4.
as the quantity demanded and quantity supplied are matched so this we called as an equilibrium
Explain how accrual accounting differs from cash basis accounting if:A. Prepaid insurance beginning $400B. Payments for insurance during the period $1,200C. Prepaid insurance ending $700
Answer:
Difference between accrual accounting and cash basis accounting:
The insurance expense for the period will be $900 under the accrual accounting basis. But with the cash basis of accounting, the insurance expense for the period will be $1,200 being the amount of insurance paid during the period.
Explanation:
a) Data:
A. Prepaid insurance beginning $400
B. Payments for insurance during the period $1,200
C. Prepaid insurance ending $700
With accrual basis, the insurance prepaid of $400 at the beginning will be accounted as expense in the current year when the services are consumed. The amount would be debited to the Prepaid Insurance account as a current asset. The payments for insurance during the period of $1,200 are also added to the beginning prepayment. Then the prepaid insurance ending of $700 is deducted (credited) to the insurance account to arrive at the insurance expense for the period.
The cash basis accounting will charge the sum of $1,200 as the insurance expense for the period with no regard for the beginning and ending balances of prepayments.
The equation of the least-squares regression line for predicting selling price from appraised value is
Answer:
[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]
Explanation:
The question is not complete, the complete question is attached
An appraised value is the value used estimate the price of a product. Regression analysis is the use of mathematical models and functions to predict a variable with the help of other variables. It shows the relationship between variables. Regression analysis can also be used to estimate, predict or forecast from a model.
The equation of the least-squares regression line for predicting selling price from appraised value is gotten by adding the constant coefficient and the appraisal coefficient. The equation is given as:
[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]
What are the five key things you must know in order to identify opportunities in your area of work?
Answer:
The answer is below
Explanation:
Five key things you must know in order to identify opportunities in your area of work are:
1. Study industry trends and insights, by checking the latest or current infographics on your industry.
2. Study top executives in the industry, through interviews, magazines profiles, and their company websites.
3. Pay attention to both existing and potential clients' needs.
4. Understand the present challenges in the industry and think the solution
5. Attend conferences and seminars relating to your industry.