The highest loan amount that ABC Bank, a commercial bank with a 20% reserve requirement and no surplus reserves, can make is $64,000 following the new $80,000 deposit. People put $80,000 in the bank.
Money held in a bank is referred to as a deposit in the financial industry. When money is transferred to another party for safekeeping, the deposit transaction is known as a deposit. A part of money, however, that is used as security or collateral for the delivery of a good is referred to as a deposit.
There are two distinct definitions of a deposit. In one type of deposit, money is given to someone else to keep safe. By this definition, a Bank deposit is any cash that an investor deposits into a savings or checking account with a bank or credit union.
In this case, the deposited funds remain the property of the individual or organization who made the deposit, and they are always free to take them out again.
a)
Required Reserve ratio =20%
New deposit of $80,000 made hence 20% of 80,000 will go to maintain reserve therefore amount left for lending is (1-0.2)(80000=$64,000
B)
Money Multiplier =1/reserve ratio=1/0.2=5
C)
When Bank makes loan Money supply increases by $64000*5=$320,000
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silver inc. sells to a customer a perpetual software license and post-contract customer support for a 12-month period, commencing at the time that the software is activated. silver inc. charges $780 upfront when the software is purchased and $52 a month for 12 months, due at the end of the month. silver inc. sells the software separately for $1,040 while the standalone selling price of the post-contract customer support is $520. required: how should the transaction price be allocated among the performance obligation(s)? round each of your answers to the nearest dollar. show your computation.
The transaction price should be allocated among the performance obligation
Total transaction price = $780 upfront fees + $624 ( $52 × 12 months)
Total transaction price = $1404
What does "the transaction price" mean?The compensation for which an entity anticipates being entitled, minus sums collected on behalf of other parties, in exchange for transferring promised products or services to a client is known as the transaction price.
Given:
Standalone selling price of software = $1404
Standalone selling price of post-contract customer support = $520(Given)
Total Standalone selling price = $1560
The formula of allocation of transaction price = Total transaction price × Standalone selling price of product/ Total standalone selling price
transaction price allocation to respective performance obligation using the above formula-
transaction price allocation of software = Total transaction price × Standalone selling price of software / Total standalone selling price
= $1404 × $1040/ $1560 = $936
transaction price allocation for post-contract customer support= Total transaction price × Standalone selling price of post-contract customer support /Total standalone selling price
= $1404 × $520/ $1560 = $468
Thus transaction price should be allocated among performance obligation =
Software = $936 and post-contract customer support = $468
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when creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not. group of answer choices true false
It is TRUE that, When creating and maintaining an ethical culture, corrective action involves rewarding employees who comply with company policies and standards and punishing those who do not.
According to Muel Kaptein, a professor of business ethics and integrity management at Rotterdam School of Management, ethical culture can be described as a collection of experiences, presumptions, and expectations of managers and employees about how the company discourages them from acting unethically and encourages them to do so. A variety of elements, including formal and informal systems, are included in the ethical context, which also includes ethical culture. In contrast to informal systems, which are unwritten policies, practices, and values that are pertinent to ethics, formal systems are the tangible organisational elements related to ethics that are purposefully designed and implemented (such as ethics programs). Since ethical culture is deeply ingrained in an organisation and its workforce, it is harder to measure than the formal components of ethics programmes (such as a code of ethics, helpline, and training).
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what is the predetermined overhead rate, and why do companies use this calculation to apply manufacturing overhead?
An allocation rate for manufacturing costs that are incurred indirectly during the production of a product is known as a predefined overhead rate (or several products). It is employed to predict the expenses of future manufacturing.
Because manufacturing overhead expenses are hard to track, businesses frequently utilize predetermined overhead rates instead. Normally, overhead costs are computed at the end of an accounting period, but managers need to be aware of this information before the end of the year so they can evaluate the performance of the business. In addition, compared to actual overhead costing, predetermined overhead rates make it simple to record production expenses.
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broadly defined, technological advance multiple choice can occur in the short run, long run, or very long run. comprises new and improved goods and services and/or new and improved ways of producing or distributing them. includes invention but not innovation or diffusion. includes product innovation but not process innovation.
Broadly defined, technical advancement includes new and improved goods and services, as well as new and improved methods of creating or distributing them. As a result, the correct choice is to comprise new and improved goods and services and/or new and improved ways of producing or distributing them.
What is technological advance?Technological advancement is the enhancement and invention of science's utility. Science is an epistemological process that seeks to comprehend, describe, explain, and predict natural and mathematical phenomena through observation, research, experimentation, and, most importantly, falsification. Science is essentially the methodical elimination of defective or erroneous ideas. Technology is any usefulness and applicability of scientific understanding; that is, science is used for practical use and purposes.
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jackson holds a real estate broker license with an mlo endorsement. how many hours of continuing education must he complete each year to renew this endorsement?
They have to complete 20 hours of training, pass a test, give their fingerprints to NMLS&R, and give their permission for a credit report to be pulled.
In Texas, how many continuing education units are required to renew a real estate license?During each two-year license period, license holders are required to complete 18 hours of CE. For a total of 18 hours, CE must consist of four hours of Legal Update I, four hours of Legal Update II, three hours of Contract-Related coursework, and seven hours of elective CE courses.
In California, how long do I have to renew my real estate license?Four-year Licenses are issued for a period of four years and should be renewed prior to the license's expiration date. About 60 days before the license expiration date, the DRE sends a renewal reminder letter to the licensee's record mailing address.
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licensee janice has found a way to work with prospective buyers without ever leaving her desk: she sets them up with automated email messages for listings that meet their criteria, and answers any questions they have when they call. is janice doing anything wrong?
Licensee Janice has found a way to work with prospective buyers without ever leaving her desk Yes because she should meet them in person before working for them.
A buyer, also known as a purchasing agent, is in charge of buying products for a company, such as supplies or equipment. Their responsibilities also include taking stock of the current product line and negotiating deals with suppliers.
The buyer's primary obligations are to pay the purchase price and accept delivery.
A person or organization who has been granted a license is known as a licensee. [formal] Countable noun An individual who has been granted permission to sell alcoholic beverages, such as in a bar, is known as a licensee.
The party that grants intellectual property is known as the licensor, and the party that acquires it is known as the licensee.
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eva reviews daily reports to identify errors. then she meets with representatives from the purchasing and inventory departments to discuss ways to eliminate or prevent recurring problems.which type of motivational strategy is eva's organization using by allowing her to make decisions about her work?
Eva checks daily reports for mistakes. She then meets with representatives of the inventory and purchasing departments to talk about how to stop or avoid repeating issues.
What are inventory management and purchasing?The creation of customized approval rules by the purchase management system enables quick approvals and order placement for the prompt delivery of inventory stock. An organization's purchasing and inventory control processes are streamlined through purchase management to increase productivity and cut expenses.
fundamental inventory problems:
How much to order and when to order are the two fundamental inventory problems. The two fundamental problems in inventory management are quantity and timing.
Explain the inventory problem using an illustration:
The inventory problem is the broad issue of how much merchandise to keep on hand in case demand increases in the future. Losses are brought on by either stockpiling items for which there is no demand or by being unable to meet demand (for example, a store losing sales or soldiers running out of ammunition in battle).
The procedure for managing inventories:
No matter the size or kind of the firm, the fundamentals of inventory management are generally the same. Inventory management is a difficult process, especially for larger organizations. In inventory management, supplies are transported to a warehouse's receiving area and placed in stock areas or on shelves. These supplies are often in the form of raw materials or components.
Lot numbers, serial numbers, cost of goods, quantity of goods, and the dates when they move through the process are just a few of the data that inventory management employs to keep track of the products as they travel through the process.
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an investor buys a stock for $40. the stock pays a dividend of $0.75 in year 1 and $1.25 in year 2. at the end of year 2 the investor sells the stock for $44. what is the investor's holding period return?
The investor's holding period return is 15.0%
What Is the Return/Yield for the Holding Period?The overall return earned from owning an asset or portfolio of assets over time—referred to as the holding period—is known as the holding period return and is typically stated as a percentage. Holding period return is calculated using total returns from the asset or portfolio (income plus changes in value). It is especially helpful for comparing the returns of assets kept for various lengths of time.
holding period return is calculated
= Income + (End of period value - Initial value)÷ Initial value
Capital Appreciation = 40 - 4= 4
Dividend yield = 1.5
total dividend income received is calculated,
= 1.5 + (44-40)/40× 100
=1.5 + 1/10× 100
= 15%
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osh was sued by his former business partner. he lost the case and has to pay his former partner $10,000. he has not yet done so and is refusing to do so. josh is applying for a mortgage for a new home. should he be worried about the lawsuit impacting his mortgage application
Absolutely, this kind of information is contained in one's credit report.
This term has credit meanings in the economic international, but credit score is usually described as an agreement settlement in which a borrower receives an amount of money or something of value and repays the lender at a later date, typically with the hobby.
For instance, when a person makes use of a Visa card to buy something, the card is taken into consideration as a form of credit score because the person consents to pay the financial institution back later. credit can be given in the form of cash and other approaches. it's far feasible to change goods and services for a deferred charge, a specific form of credit.
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classic auto parts sells new and used auto parts. although a majority of its sales are cash sales, it makes a significant amount of credit sales. during 2008, its first year of operations, classic auto parts experienced the following: sales on account $266,800 cash sales 619,000 collections of accounts receivable 253,460 uncollectible accounts charged off during the year 1,394 assume that classic auto parts uses the direct write-off method of accounting for bad debts. what is the amount of bad debts expense for 2008?
The amount of bad debts expense for 2008 is 10672.As a provision for credit losses, bad debts are noted in the financial accounts.
Bad debt charge for 2008 was $2668 ($266800*1%).
Ending balance of accounts receivable
= 266800-253460-1394
= 11946
Accounts receivable's net realisable value is equal to
= 11946-2668+1394
= 10672
A bad debt is a sort of account receivable for an organisation that is now impossible to collect from the customer since the client is unable to pay the amount they have borrowed from the organisation on credit.
The reasons that debtors are unable to repay might range from the person or organisation declaring bankruptcy or experiencing significant financial difficulties, or it can be because the debtor is reluctant to pay the loan.
Bad debt costs can be noted on the income statement and are typically categorised as a sales and general administrative expenditure. On the balance sheet, recognising bad debts results in a corresponding reduction in accounts receivable.
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the harmonization of member nations' tax rates plus a common monetary and fiscal policy are all required to form a(n)
The harmonization of member nations' tax rates plus a common monetary and fiscal policy are all required to form an economic union.
An economic union is an arrangement between two or more countries that permits unrestricted trade in commodities, services, money and labor. To foster this unified market, the nations may also coordinate their social and financial policies. An economic union is made up of a common market and a customs union. The participating nations share a similar external trade policy as well as shared rules on product regulation, the free flow of products, services and production factors.
One example of an economic union is the European Union (EU). In order to collaborate on addressing economic and financial difficulties, the EU member states coordinate their separate economic policies, rules and regulations. The Euro, which is used by all 19 EU countries, is the official currency.
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the cost-benefit-risk analysis is a set of practical procedures for guiding public expenditure decisions. used by the private sector to determine whether certain projects should be undertaken. difficult when benefits and costs are hard to evaluate. all of the above.
The cost-benefit-risk analysis is a set of practical procedures for guiding public expenditure decisions difficult when benefits and costs are hard to evaluate.
Comparing the anticipated or predicted costs and benefits (or opportunities) connected expenditure with a project choice in order to assess whether it makes sense from a business standpoint is known as a cost-benefit analysis. For instance: The cost to build a new product will be $100,000, and sales of $100,000 per unit are anticipated (unit price = 2). Therefore, 200,000 advantages are sold. The straightforward CBA calculation for this project is 200,000 in financial benefit minus 100,000 in cost, which results in a net benefit of 100,000.
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When responding to a message, what should a professional always do? Choose 2 answers.
A. End on a positive note.
B. Respond within 24 hours.
C. Throw the company under the bus only if they are guilty.
D. Answer the most important questions.
When responding to a message, by virtue of the communications etiquette, a professional will always do the followings:
A. End on a positive note.B. Respond within 24 hours.Why is communications etiquette important?Basically, a communication etiquette means the accepted ways of communicating with others in the workplace. A typical communication etiquette includes behavior and strategies that can help you relay information clearly while maintaining positive relationships with your supervisors, colleagues and clients.
Adhering to communications etiquette can label someone as an effective communicator, suggesting that you possess leadership qualities and potentially leading to greater professional opportunities in the future.
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hester owns an ice cream shop. it costs her $2 per cone to make 10 ice cream cones. if she sells 10 cones for $4 each, her producer surplus on the 10 cones is equal to
Her producer surplus on the 10 cones is equal to $20 dollars. Thus, the correct answer is $20 dollars.
What is producer surplus?The whole amount a producer gains by producing and selling a quantity of an item at market price is referred to as producer surplus. The producer surplus is equal to the entire money a producer obtains from selling their goods less the marginal cost of production.
Given,
Cost of making per cone = $2
Cost of 10 ice cream cones = $2 × 10
= $20
The selling price per cone = $4
Selling price of 10 cones = $4 ×10
=$40
Therefore,
Producer surplus = Producer surplus = Total Revenue – Production Cost.
Producer surplus = $40 - $20
=$20
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what are two ways a company can set up a wholly owned subsidiary in a foreign country? (check all that apply.)
A association can boost a utterly owned subsidiary through a greenfield challenge , that means that the company creates the whole operation itself.
Another possibility is purchasing an current operation from a neighborhood employer or any other foreign operator.
What are two disadvantages of working a absolutely owned subsidiary ?Disadvantages include the chance of dropping manipulate over technological know-how and a lack of tight control. The blessings of completely owned subsidiaries include tight manipulate over technological know-how.
Foreign companies need to bear the full capital fees and dangers of placing up distant places operations.
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https://brainly.com/question/28188459#SPJ4it is frequently necessary to perform dilutions of a stock solution in the laboratory. if you were instructed to make a 1:2 dilution of a stock solution to arrive at a final volume of 6, how much stock solution would you need to pipet?
In the laboratory, dilutions of a stock solution are commonly required. If you were told to dilute a stock solution by 1:2 to get a final volume of 6, the stock solution you would need to pipet is 250 units. Thus, the correct volume is 250 units.
What is dilution?Dilution is the process of reducing the concentration of a solute in a solution, which is usually accomplished by simply adding more solvents to the solution. When you dilute a solution, you add more solvent without adding additional solute. To ensure that all components are identical, the resulting solution is thoroughly mixed.
Dilution factor = [tex]\frac{Volume of stock solution}{Final Volume}[/tex]
Where:
Final Volume = Volume of stock +Volume of dilute
[tex]\frac{1}{2} =[/tex] [tex]\frac{Volume of stock}{500}[/tex]
The volume of stock to be taken [tex]= 500[/tex]×[tex]\frac{1}{2}[/tex]
= 250 unit volume
The volume of dilute = Final volume - the volume of stock
= 500 - 250
Thus, the correct volume is 250 units.
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after daisy has gotten all the money she can from the bank and still cannot keep up with her fast-growing business, what is she most likely to do next if she wants her company to continue growing?
Daisy is most likely to Obtain a partner or form a corporation to attract more money.
What is a partner?The corporation who enter into partnerships are individually referred to as "partners" and collectively as "company", and the company that operates the business is referred to as "company name". Business Partner is a commercial entity with which another commercial entity is associated in some way. This relationship may be an exclusive contractual bond where the parties agree not to partner with any third party. Alternatively, it may be a very loose contract whose primary purpose is to impress customers or competitors on the size of the network the business partner belongs to. Business partners or corporations are very important to a company. However, companies cannot freely choose their business partners, so-called business mating.In many cases, potential partners may not be interested in starting a business relationship.It is important that both sides of the agreement complement each other and have commonalities such as leadership styles, mindsets and technology.To learn more about partner from the given link :
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your small manufacturing company is in serious financial difficulty. a large order of your products is ready to be delivered to a key customer when you discover that the product is simply not right. it will not meet all performance specifications, will cause problems for your customer, and will require rework in the field; however, this, you know, will not become evident until after the customer has received and paid for the order. if you do not ship the order and receive the payment as expected, your business may be forced into bankruptcy. and if you delay the shipment or inform the customer of these problems, you may lose the order and go bankrupt. what would you do?
I would never jeopardize my morals or the values of my clients. If my business were in a situation where it had a high likelihood of being forced into bankruptcy.
In all facets of life, the value of ethics cannot be overstated. Each person needs to have a set of moral principles, and ethics are extremely valuable in the world of business. Customers will trust your business regardless of expensive prices or minor service flaws if it conducts itself ethically in all customer interactions. Customer ethics enhances service quality and promotes wholesome interactions. Understanding right from wrong in business ethics means being able to act ethically in all situations, even when doing the wrong thing will result in more immediate gains.
Any business must intentionally and consistently practice ethics both in its interactions with customers and in other areas. The company's values and culture must include ethical behavior, and any deviations must be dealt with harshly. Businesses that base their culture and best practices on integrity are more likely to have satisfied staff members and a base of devoted customers. The core values of the company must be spelled out in the value statement, and these values must be the dictating and guiding force behind all interactions, transactions, and major decisions made within the organization.
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question workspace check my work an investor invests $50,000 in a new business. in three years, the investor sells her interest in the business for $75,000. what is her return on investment?
50% is her return on investment.
The computation of the return on investment is shown below:
As we know that
Return on investment is
= Return ÷ investment made
= ($75,000 - $50,000) ÷ ($50,000)
= ($25,000) ÷ ($50,000)
= 50%
Hence, the return on investment is 50%.
In a financial outlook, funding is the acquisition of products that are not consumed these days but are used in the future to generate wealth. In finance, funding is a monetary asset sold with the concept that the asset will provide earnings further or will later be bought at a higher price rate for an income.
Investments are usually bucketed into three major categories: stocks, bonds, and coins equivalents. there are many special forms of investments within each bucket. here are six sorts of investments you may not forget for a lengthy-term boom, and what you must realize about everyone.
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investors trading online group of answer choices buy and sell securities without using a brokerage firm. receive more advice than offered by traditional stockbrokers. generally were insured against the market downturn of the early and late 2000s. generally do their own research and make their own investment decisions.
Fortunately, you no longer need to rely on a broker or any other third party to invest in stock because of the rise of the internet.By creating a Demat Account, you are free to start investing in shares on your own.
What exactly does a broker-dealer do?A broker, also known as a brokerage firm or brokerage company, acts as a link between buyers and sellers in order to conclude a deal for stock shares, bonds, options, and other financial instruments. After a transaction has been completed, brokers receive compensation in the form of commissions or fees.
Is there a fee to trade?There are no transaction costs or commissions associated with exchanging XRP, Bitcoin, Ethereum, or Litecoin.
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when one party's performance in a contract is substantial, then the other party's duty to perform is:
The other party's duty to perform remains absolute If one party substantially performs. It is happen if any for the substantially performing party's failure to fully perform although the other party may be entitled to recover damages.
Substantial performance generally can be described as a doctrine, whereby one party under a contract. if he substantially performed his duties under the contract substantial performance can still recover for damages even though that individual failed to comply with the contract in some way. The example of substantial performance is fulfillment of the obligations agreed to in a contract.
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minimizing wasted coverage and customizing the message based on feedback are advantages of blank . multiple choice question. advertising publicity sales promotion personal selling
Minimizing wasted coverage and customizing the message based on feedback are advantages of advertising. The deliberate misrepresenting of facts about goods and services is a significant downside of advertising.
Advertisers frequently exaggerate the real or imagined benefits of a product and make bold assertions in an effort to persuade consumers to behave against their own best interests and engage in coverage that will benefit them. The distinction between an advantage and a disadvantage is that an advantage is any condition, scenario, opportunity, or means that are especially conducive to success or any desired purpose, whereas a disadvantage is a weakness or unwanted quality.
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A discretionary fiscal policy action to reduce inflation in the short run would be to?.
Discretionary fiscal policy action to reduce inflation in the short run would be to increase taxes or decrease govt. spending.
Discretionary fiscal policy refers to adjustments in tax rates and/or spending levels made by the government. For instance, lowering the VAT in 2009 to increase spending
Automatic fiscal stabilisers are distinct from discretionary fiscal policy. The purpose of discretionary fiscal policy is to balance the budget. It reduces the output gap's skewedness (see macroeconomic equilibrium). During a recession, it helps to boost economic growth, while during a boom, it helps to restrain both economic growth and inflation.
Inflation control is the aim of contractionary fiscal policy. Consequently, the instruments would be a cut in government spending or a hike in taxation. Inflation would decrease as a result, shifting the AD curve to the left, but it may also result in some unemployment.
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At which point in the accounting cycle should an accountant prepare a trial
balance?
A. Just before preparing financial statements
OB. At any point he or she chooses
OC. At the end of the cycle only
D. At the beginning of the cycle only
At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.
Why do accountants prepare a trial balance?A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.
The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.
Thus, the ideal selection is option C.
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Identify the economic goal of sales management.
Every nation aims for economic growth and
employment _________ for all its citizens.
The correct economic goal of sales management is: “Every nation aims for economic growth and employment Rights for all its citizens.”
What does economic goal mean?Economic stability is the most crucial objective. This is because maintaining economic stability makes it possible to accomplish other macroeconomic goals.
Price fluctuations due to an unstable economy may cause inflation or deflation, which will affect the currency effect. Economic goals are not always compatible with one another.
The cost of achieving any one goal or set of goals is having fewer resources available to devote to the other goals. Every country strives for economic development and equal job opportunities for all of its residents.
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10. a fedex sorting machine that cost $10,000 with a usual life of five years and a residual value of $2,000 was purchased on january 1. what is straight-line depreciation for each year?
When a fedex sort machine which cost $10,000 with a normal lifestyle of 5 years and a remaining balance of $2,000 was bought on January 1st, there was a $1,600 straight-line depreciation for every year.
What is the purchased Meaning?bought; purchasing. to get by the payment of money or its equivalent: transitive verb buy. : to attain (real estate) through methods apart from descent. : through toil, peril, or sacrifice.
What is purchased in account?"Actually bought on account" is a term that refers to any lending purchases. In order to improve payables, a business that pays other organization money for delivered goods or services will record the entire sum as a credit entry. The outstanding sum will remain in existence until the owing party receives complete payment.
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wood products inc. has provided the following data for the previous year: units sold during the previous year 12,000 units selling price per unit $125 direct materials per unit $25 direct manufacturing labor per unit $20 variable manufacturing overhead per unit $40 fixed manufacturing costs $150,000 budgeted production at the beginning of the year 15,000 units variable marketing cost per unit $5 fixed marketing cost $25,000 number of units in opening inventory 0 number of units in ending inventory 3,000 units what was the profit of wood products inc. for the previous year if the method of inventory costing adopted was absorption costing
$305,000, $360,000,$560,000,$275,000 are the profit of wood products inc. for the previous year if the method of inventory costing adopted was absorption costing.
An income that is distributed to the owner in a successful market production process is known as profit in accounting (business). Profit is a metric of profitability, which is of primary concern to the owner in the process of market production that generates money. Various profit metrics are frequently used.
The balance between income distribution and income generating is constant in market production. Every time during the review period, the earned income is allocated as economic value to the production's stakeholders. The profit is the portion of income creation that the owner is able to retain for themselves during the income distribution process. Since it translates into money and presents chances for expanding production, profit is one of the main drivers of economic prosperity. Earnings, earnings, and profit are all synonyms for income.
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The accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12-month moving average forecasts using the mad criterion. Which of the two models yields better results? explain.
In this instance, the MAD value of the 3-month moving average is less than that of the 12-month moving average. Therefore, the 3-month moving average forecasting method yields the best results.
Forecasts using a 3-month moving average:
How to calculate the moving average in Excel, step-by-step:
Rates data should be entered into an Excel sheet.Access DataThen select Data Analysis.Click "Moving Average" and then "OK."Choose the rates column under "Input Range."Type 3 for Interval.Click "OK."Excel Result:
Rate(Actual) forecast Error = (Actual − Forecast)
7.7 #N/A
8.4 #N/A
8.6 8.233333 0.366667
8.8 8.6 0.2
9.2 8.866667 0.333333
9.4 9.133333 0.266667
9.4 9.333333 0.066667
9.7 9.5 0.2
9.8 9.633333 0.166667
9.9 9.8 0.1
9.9 9.866667 0.033333
9.7 9.833333 0.133333
9.8 9.8 0
9.9 9.8 0.1
9.8 9.833333 0.033333
10.1 9.933333 0.166667
9.7 9.866667 0.166667
9.6 9.8 0.2
9.7 9.666667 0.033333
9.6 9.633333 0.033333
9.6 9.633333 0.033333
9.4 9.533333 0.133333
9.7 9.566667 0.133333
9.1 9.4 0.3
8.9 9.233333 0.333333
8.8 8.933333 0.133333
8.9 8.866667 0.033333
9.1 8.933333 0.166667
9.2 9.066667 0.133333
9.1 9.133333 0.033333
9.2 9.166667 0.033333
8.9 9.066667 0.166667
9.1 9.066667 0.033333
8.7 8.9 0.2
8.4 8.733333 0.333333
8.4 8.5 0.1
8.4 8.4 0
8.2 8.333333 0.133333
8.1 8.233333 0.133333
8.1 8.133333 0.033333
8.3 8.166667 0.133333
8.1 8.166667 0.066667
8.4 8.266667 0.133333
8.3 8.266667 0.033333
7.8 8.166667 0.366667
7.8 7.966667 0.166667
7.8 7.8 0
7.9 7.833333 0.066667
∑Error = 6.166667
Therefore, MAD = ∑Error / Number of Errors
MAD = 6.166667 / 40 = 0.134
Forecasts using a 12-month moving average:
How to calculate the moving average in Excel, step-by-step:
Rates data should be entered into an Excel sheet.Access DataThen select Data Analysis.Click "Moving Average" and then "OK."Choose the rates column under "Input Range."Enter 12 for Interval.Click "OK."Excel Result:
Rate(Actual) forecast Error = (Actual − Forecast)
7.7 #N/A
8.4 #N/A
8.6 #N/A
8.8 #N/A
9.2 #N/A
9.4 #N/A
9.4 #N/A
9.7 #N/A
9.8 #N/A
9.9 #N/A
9.9 #N/A
9.7 9.208333 0.491667
9.8 9.383333 0.416667
9.9 9.508333 0.391667
9.8 9.608333 0.191667
10.1 9.716667 0.383333
9.7 9.758333 0.058333
9.6 9.775 0.175
9.7 9.8 0.1
9.6 9.791667 0.191667
9.6 9.775 0.175
9.4 9.733333 0.333333
9.7 9.716667 0.016667
9.1 9.666667 0.566667
8.9 9.591667 0.691667
8.8 9.5 0.7
8.9 9.425 0.525
9.1 9.341667 0.241667
9.2 9.3 0.1
9.1 9.258333 0.158333
9.2 9.216667 0.016667
8.9 9.158333 0.258333
9.1 9.116667 0.016667
8.7 9.058333 0.358333
8.4 8.95 0.55
8.4 8.891667 0.491667
8.4 8.85 0.45
8.2 8.8 0.6
8.1 8.733333 0.633333
8.1 8.65 0.55
8.3 8.575 0.275
8.1 8.491667 0.391667
8.4 8.425 0.025
8.3 8.375 0.075
7.8 8.266667 0.466667
7.8 8.191667 0.391667
7.8 8.141667 0.341667
7.9 8.1 0.2
∑Error = 12
Therefore, MAD = ∑Error / Number of Errors
MAD = 12 / 37 = 0.324
In this case, the 3-month moving average's MAD value is lower than the 12-month moving average's MAD value. Consequently, the 3-month moving average forecasting approach produces the greatest outcomes.
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on april 12, hong company agrees to accept a 60-day, 10%, $5,100 note from indigo company to extend the due date on an overdue account payable. what is the journal entry made by indigo company to record the transaction? multiple choice debit accounts receivable $5,100; credit notes payable $5,100. debit notes payable $5,100; credit accounts payable $5,100. debit accounts payable $5,100; credit notes payable $5,100. debit sales $5,100; credit notes payable $5,100. debit cash $5,100; credit notes payable $5,100.
Notes payable is debited by $5,100, Interest expense is debited by $85 and cash is credited by $5,185.
Debit accounts receivable and credit billings on construction contract refers to a liability account that the contractor has billed the customer for work not yet done. So, the all contactors would prefer to be-placing the contractor ahead of the customer on a cash flow basis.
Initially, we calculate the interest number use this formula:
Interest = Principal Amount x Rate x Number of days : 360
Interest = $5,100 x 10% x 60/360
Interest = $510 x 0.167
Interest = $85
Thus, we calculate the cash to be paid:
Cash to be paid = Principal Amount + Interest
Cash to be paid = $5,100 + $85
Cash to be paid = $5,185
On the date of maturity, the journal entry to make the payment of note payable can be shown below:
Date Account Title and Explanation Debit Credit
April 12 Note payable $5,100
Interest expenses $85
Cash $5,185
(To record the payment of notes payable along with interest)
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Rick invests $7,174 in an account that earns an annual interest rate of 3%. what will be the balance of the account in 18 years if the interest is compounded monthly?
With annual interest rate o f3% compounded monthly, his balance in 18 years will be $12,302.34
The formula for the future value is given by:
FV = PV (1 + r)ⁿ
Where:
r = interest rate per period
n = number of periods
PV = present value
Parameters given in the problem:
PV = $7,174
r = monthly interest = 3%/12 = 0.0025
n = 18 years x 12 = 216 months
Plug these parameters into the formula:
FV = 7,174 (1 + 0.0025)²¹⁶
= 12,302.34
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