Answer:
B. 23.33 years.
Explanation:
If we are going to make use of rule of seventy (70) to help us know the actual time that it takes for a country to double their economy GROSS DOMESTIC PRODUCT (GDP) which means that it will take up to 14 years for a country that has 5% growth rate to double their GDP but in a situation where a country economy has a growth rate of 3% it will takes actually takes 23 .3 years to double their GDP or 10 years to double their GDP.
On October 1, 2018, Bullseye Company sold 250,000 gallons of diesel fuel to Schmidt Co. at $3 per gallon. On November 8, 2018, 150,000 gallons were delivered; on December 27, 2018. another 50,000 gallons were delivered; and on January 15, 2019, the remaining 50,000 gallons were delivered. Payment terms are 10% due on October 1, 2018, 50% due on first delivery; 20% due on the next delivery; and the remaining 20% due on final delivery. Required: Do the three deliveries each represent a distinct performance obligation, or is there a single performance obligation requiring three deliveries
1. Do each of the three deliveries represent a distinct performance obligation, or is there a single performance obligation requiring three deliveries?2. What amount of revenue should bullseye recognize from this sale during 2018?
Answer:
1) We must follow the revenue recognition principle in order to determine whether these transactions represent one single performance obligation or three separate ones. If revenue can be recognized after each delivery has been made, then each transaction will be considered a separate performance obligation.
Personally, I believe that on November 8, 2018, $450,000 in revenue must be recognized since title of the goods passed from Bullseye to Schmidt. That means that the earning process had been realized. The same for the other transactions, so I would consider them 3 separate performance obligations.
2) total revenue for 2018:
November 8 = $450,000
December 27: $150,000
total = $600,000
Market power is_____________
In a command economy, Individuals fellow thir self-interest without government intervention True or False
Answer:
false
Explanation:
command economy is the same as a planned economy where the prices and incomes are decided and fixed by the central government
Answer:
False
Explanation:
A command economy is also known as the planned economy. The government controls and owns all the factors of production. Usually, the government, through its agencies, prepares a central plan to manage the economy. The central plan details what will be produced, the quantities, and the prices.
The private sector is non-existent in a command economy. All productions and employment are by the government.
A business taxpayer sells inventory for $80,000. The adjusted basis of the property is $58,000 at the time of the sale and the inventory had been held more than one year. The taxpayer has:______
a. No gain or loss.
b. Sold a long-term capital asset.
c. Sold a short-term capital asset.
d. An ordinary gain.
e. None of the above.
Answer:
d. An ordinary gain.
Explanation:
The business taxpayer sells inventory for $80,000. The adjusted basis of property is $58,000 at the time of the sale and the inventory had been held more than one year. The taxpayer has an ordinary gain. Inventory (stock in trade) is classified as an ordinary Asset; and it will be reported as an ordinary gain.
Rachel entered into a contract to purchase a 2004 Dodge from Hanna, who lived in the neighboring apartment. When a dispute arose over the terms of the contract, Hanna argued that, because neither she nor Rachel was a merchant, the dispute should be decided under general principles of common law. Rachel, on the other hand, argued that Hanna was legally considered to be a merchant because she sold the car for profit and that, consequently, the sale was governed by the Uniform Commercial Code. Who is correct? Explain.
Answer:
Hanna is correct.
Explanation:
The sale of the 2004 Dodge cannot be construed to be a sale of goods under the Uniform Commercial Code since this law covers sales of goods by merchants. Hanna cannot be said to be a merchant of 2004 Dodge as she is not known to be in the business for the purchase and sale of cars. Therefore, the case should be adjudicated under the common law. What has taken place in this instance is the exchange of a personal asset. Hanna cannot make a trading profit from the sale, but a capital gain. Rachel is not correct.
Read the following cases and answer the questions given at the end.
Wasi sold his factory carrying motorcycles manufacturing plants to Tipu stating its production capacity of 200,000 units annually. Tipu, after buying the factory came to know that the contract was based on false claim of the stated production capacity. Briefly describe whether the contract is valid, voidable or void contract.
A music hall was rented out for a series of concerts. The hall caught fire before the date of first Concert. Explain the nature of contract with respect to executed/executor/valid or voidable contract.
A threatens B to kill if he does not sell his BMW worth Rs. 1.65M to the former for Rs 1M. B, to save his life, agreed to sell his BMW to A and receives the payments. Is this a valid contract? Explain your answer with reason in either case.
Answer:
Wasi sold his factory carrying motorcycles manufacturing plants to Tipu stating its production capacity of 200,000 units annually. Tipu, after buying the factory came to know that the contract was based on false claim of the stated production capacity.
This contract is voidable. It might be valid in princple, but there is one undeniable fact, and that is that Wasi misrepresented the production capacity of the plant. Tusi could easily render this contract void in a civil court.
A music hall was rented out for a series of concerts. The hall caught fire before the date of first Concert. Explain the nature of contract with respect to executed/executor/valid or voidable contract.
This contract is valid. The principles of the contract are valid: the hall was in good condition, and the parts of the agreement willfully signed the contract. The fact that the hall shortly after caught fire is not anyone's fault in particular.
A threatens B to kill if he does not sell his BMW worth Rs. 1.65M to the former for Rs 1M. B, to save his life, agreed to sell his BMW to A and receives the payments. Is this a valid contract?
This contract is void, from start. The reason is simply that threatening to kill a person in order to make this person act as one wishes is an illegal act. Person B did not have any other option but to accept the terms, since his life was at stake. This contract would immediately struck down in court, and person A would have to face criminal justice.
The balance sheet for Kingbird, Inc. shows the following: total paid-in capital and retained earnings $860,000, total stockholders’ equity $788,400, common stock issued 42,000 shares, and common stock outstanding 36,000 shares.
Required:
Compute the book value per share.
Answer:
$21.9 per share
Explanation:
Book value per share = Total stockholders’ equity/Common stock outstanding
Book value per share = $788,400 / 36,000
Book value per share = $21.9 per share
In a decentralized company in which the divisions are organized as investment centers, how could a division be considered the least profitable even though it earned the largest amount of income from operations?
Answer:
This can be due to the method of allocating cost.
Explanation:
In the given scenario a division in a decentralised company earned the largest amount of income from operations, yet it was the least profitable.
This can be as a result of the cost allocation method the company uses.
If the company uses a cost allocation method where cost from other division is paid for by the division with largest income. The result will be that the other divisions that generate less income will appear to be more profitable.
The remedy for this is to use activity based costing. Where cost is allocated based on the level of activity of a division.
That way divisions will only pay for cost associated with their activity
Which situation has become more common as a result of globalization?
A. Commercial banks making risky loans to businesses
B. Central banks directing monetary policy for countries
C. Consumers buying goods from other countries
D. Governments raising taxes on imported products
SUBMD
Answer:
The correct answer will be D
The correct option is D). Governments raising taxes on imported products.
What is globalization?Globalization is the process of interaction and integration among people, businesses, countries etc. on international level.
It is the growing interdependence of the world's economies, cultures, and population that is brought about by cross-border trade in goods, services, technology etc.
The common result of the globalization is that government start raising taxes on the imported goods.
Learn more about the globalization here:-
https://brainly.com/question/15283031
#SPJ2
$6 million contract. The contract calls for a payment of $1.2 million today, $1.5 million one year from now, $1.5 million two years from now, and $1.8 million three years from today. What is this contract really worth if Ramon can earn 10.5 percent on his money
Answer:
the present value is $5.12 million
Explanation:
The computation of the present value is shown below:
As we know that
Present value = Cash flows × Present value of discounting factor (rate% and duration)
= $1.2 million + $1.5 million ÷ 1.105 + $1.5 million ÷ 1.105^2 + $1.8 million ÷ 1.105^3
= $5.12 million
Hence, the present value is $5.12 million
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Consider Tralfamadore, a hypothetical country that produces only burritos. In 2018, a burrito is priced at $4.00.
Complete the first row of the table with the quantity of burritos that can be bought with $300.
Hint: In this problem, assume it is not possible to buy a fraction of a burrito, and always round down to the nearest whole burrito. For example, if
your calculations result in 1.5 burritos, the answer should be 1 burrito.
Price of a Burrito Burritos Bought with $300
Year (Dollars)
(Quantity)
2018
4.00
2019
4.80
Answer:
price of a burrito in 2018 = $4.00
In 2018, you could purchase $300 / $4 = 75 burritos.
Since the money supply increased by 20% during 2019 and money neutrality holds, the price of burritos will increase by 20% to $4.80.
In 2019, you could purchase $300 / $4.80 = 62.5 ≈ 62 burritos.
By printing more money to pay its debts, the government simply increased the inflation rate and devaluated its currency.
The number of burritos can be bought by $300 in year 2018 and 2019 is 75 and 62 burritos respectively.
A hypothetical country produces only Burritos.
In 2018, a burritos price = $4
In 2019, a burritos price = $4.8
So, in 2018 the number of burritos can be bought by $300 = [tex]\bold {\dfrac{300} {4} }[/tex]
= 75 burritos
in 2018 the number of burritos can be bought by $300 =[tex]\bold {\dfrac{300} {4.8} }[/tex]
= 62.5 = about 62 burritos.
Therefore, the number of burritos can be bought by $300 in year 2018 and 2019 is 75 and 62 burritos respectively.
To know more about economic exchange,
https://brainly.com/question/12394159
Zach buys a car for $18,900 with 5% interest over 5 years. What is true about this monthly payment loan?
Select the correct answer below:
Zach will pay $4,725 in interest on the loan.
Zach will pay $3,780 each year of his loan.
O Zach will pay $4,725 each year of his loan.
Zach will pay $2,500 in interest on this loan.
Answer:
Zach will pay $4,725 in interest on the loan.
Explanation:
In calculating interest the formula that applies is
I= P x R x T
where I = interest
P = principal amount
R = interest rate
T= time
In the case of Zach
I= $18,900 x 5/100 x 5
I = $18,900 x 0.05 x 5
I =$945 x 5
I =$4,725
Interest for the loan is $4,725
Answer: Zach will pay $2,500 in interest on this loan
Explanation: First, we must calculate Zach's monthly payment.
P=18900⋅ (0.05/12)
________________. = 356.67
1- ( 1 + 0.05/12) ^-60
If the monthly payments are $356.67, then the yearly payback is 356.67⋅12=$4280.04.
And, he will pay that each year for 5 years. So, 4280.04⋅5=$21,400.20 is the total payback amount.
Therefore, Zach will pay 21,400.20−18,900=$2500.20 in interest over the life of the loan.
A static budget: _________
a. should be compared to actual costs to assess how well costs were controlled.
b. should be compared to a flexible budget to assess how well costs were controlled.
c. is valid for only one level of activity. represents the best way to set spending targets for managers.
d. A planning budget is prepared before the period begins and is valid for only the planned level of activity.
Answer:
Explanation: A planning budget is prepared before the period begins and is valid for only the planned level of activity.
A static budget a planning budget is prepared before the period begins and is valid for only the planned level of activity. The answer is OPTION D.
A static budget is a type of planning budget that is prepared in advance of a specific period, such as a fiscal year or a quarter. It is based on the expected level of activity or production for that period and sets spending targets for various cost categories. However, a static budget is only valid for the planned level of activity and does not adjust for changes in actual activity levels.
To assess how well costs were controlled during the period, the static budget should be compared to the actual costs incurred. This comparison helps identify any variations or differences between planned and actual performance, which can provide valuable insights for future budgeting and cost management decisions.
In contrast, a flexible budget is a more dynamic tool that adjusts for changes in activity levels. It allows managers to see how costs should have behaved based on the actual level of activity achieved, providing a more accurate evaluation of cost control performance.
To learn more about managers, click here.
https://brainly.com/question/32150882
#SPJ2
In addition to rising healthcare costs a major factor promoting organizational interest in employees' well-being is:______
a. The aging population
b. Immigration reform
c. Globalization
d. Shortage of skilled workers
Answer: d. Shortage of skilled workers
Explanation:
Companies these days are more inclined to take an interest in the well-being of employees in an effort to keep the employees satisfied so that they stay with the company as opposed to having to find new employees to hire.
This is because there is a shortage of skilled workers which means that companies has to work to keep the skilled workers they have as opposed to having to find lesser quality ones and one way to do so is to show an interest in employee wellbeing to entice them to stay.
Apart from healthcare costs another reason why organizations have interest in the well being of their employees is Shortage of skilled workers.
What does Shortage of skilled workers mean?This is a situation that exists in a place where the people that are skilled and able to perform the organizational tasks of businesses are unavailable.
Organizations tend to take care of their employees due to the fact that there are only a few people that are trained to do their tasks.
Read more on skilled workers here:https://brainly.com/question/19792799
mention at least two reason due to which business is necessary.
Explanation:
Business is essential and promotes the quality of human life for two reasons: for producing economic goods and services and for generating jobs.
Economics is the science that studies and uses the set of actions that use resources to produce and distribute goods and services for consumption whose objective is to assist in the survival and quality of life of individuals. Companies are responsible for producing essential goods and services, such as food, medicine, clothing, etc.
The generation of jobs is also a factor that comes from business, through the human labor force that companies need to operate the business, it is possible to generate income for individuals, strengthen the economy, etc.
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $425,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late
Answer:
Faldo Corp
Customers are paying late by 6.5 days (51.5 - 45)
Explanation:
DSO = Accounts Receivable/Sales last year * 365 days
= $60,000/$425,000 * 365
= 51.5 days
Customers are paying late by 6.5 days (51.5 - 45)
b) Faldo Corp's Days Sales Outstanding (DSO) is an estimate of the number of days it takes Faldo to collect its outstanding accounts receivable. This means that DSO measures how long it takes Faldo's customers to pay an invoice. Faldo can calculate its DSO by dividing the total accounts receivables of last year by the total credit sales of last year. This is then multiplied by 365 days.
Determine which is the better investment: compounded semiannually or compounded quarterly. Round your answers to decimal places.
Answer:
the numbers are missing, so I looked for a similar question and found:
Determine which is the better investment: 5.22% compounded semiannually or 5.24% compounded quarterly. Round your answers to 2 decimal places.
effective interest rate for semiannual compounding = (1 + 5.22%/2)² - 1 = 5.29%effective interest rate for quarterly compounding = (1 + 5.24%/4)⁴ - 1 = 5.34%Compounded quarterly is a better investment than compounded semiannually
Explanation:
The shorter the compounding period, the more interests received (or paid if it is a loan) and the nominal interest rate is the same:
E.g. lets assume that the nominal interest rate is 10% per year:
effective interest rate for annual compounding = 10%effective interest rate for semiannual compounding = (1 + 10%/2)² - 1 = 10.25%effective interest rate for quarterly compounding = (1 + 10%/4)⁴ - 1 = 10.38%effective interest rate for monthly compounding = (1 + 10%/12)¹² - 1 = 10.47%The Garret family wants to take advantage of their state's
(blank) to pay for their child’s college tuition.
Answer:
insurance ?? just guessing but good luck.
Suppose the State bank of Pakistan instructs its Trading Desk to purchase Pkr 5 billion of securities. Analyze the result of this transaction on the balance sheets of the State bank of Pakistan and commercial banks.
Answer:
In simple words, the transaction given in the question will result different for state bank and commercial banks. Assuming the securities will be purchased from the commercial banks, the balance sheet of commercial banks will decrease assets and will increase their cash balance, thus, resulting in overall no change balance on assets side.
On the other hand, the state bank will add securities on the asset side of the balance sheet and will decrease cash balance.
social elements common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are common work contexts for Construction Carpenters? Check all that apply.
spend time sitting
wear common protective or safety equipment
face-to-face discussions
exposed to hazardous equipment
spend time using hands to handle, control, or feel objects, tools, or controls
public speaking
Answer: 2.wear common protective or safety equipment
3.face-to-face discussions
4.exposed to hazardous equipment
5.spend time using hands to handle, control, or feel objects, tools, or controls
Explanation: i just took the test :)
Answer:
outdoors, exposed to weather
spend time using hands to handle objects, tools, or controls
exposed to contaminants
Explanation:
Got it right on edge2021
Which activity is a good practice when selling online media?
A.
Avoid integrating contests and promotions because this will draw attention away from the product.
B.
Avoid endemic advertising because the ad will not stand out on the page.
C.
Avoid integrating the advertiser’s brand into online content.
D.
Avoid quoting too high a price.
Answer:
For Plato the answer is D: Avoid quoting too high a price.
Explanation:
I got it right
Economic and political freedom
Answer:
....
Explanation:
Jeff needs to copy a phrase from one paragraph to the second paragraph
Capital equipment costing $250,000 today has 50,000 salvage value at the end of 5 years. If the straight line depreciation method is used, what is the book value of the equipment at the end of two years?
Answer:
The book value of the equipment at the end of two years = $170,000.
Explanation:
a) Data and Calculations:
Cost of capital equipment = $250,000
Salvage value = 50,000
Depreciable value = $200,000
Period of useful life = 5 years
Depreciation rate under the straight-line depreciation method =
$200,000/5 = $40,000
This implies that the annual depreciation expense will be $40,000.
For two years, the accumulated depreciation will be $80,000 ($40,000 * 2)
The book value of the equipment at the end of two years will be $170,000 ($250,000 - $80,000).
The book value of the equipment at the end of two years is $170,000.
Annual depreciation=(Cost-Salvage value)
Annual depreciation=$250,000-$50,000/5
Annual depreciation=$200,000/5
Annual depreciation= $40,000
Accumulated depreciation:
Accumulated depreciation=($40,000 ×2)
Accumulated depreciation=$80,000
Book value of equipment:
Book value of equipment=$250,000 - $80,000
Book value of equipment=$170,000
Inconclusion the book value of the equipment at the end of two years is $170,000.
Learn more about book value here:https://brainly.com/question/23057744
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.
Required:
a. Determine the economic order quantity.
b. What is the average number of bags on hand?
c. How many orders per year will there be?
d. Compute the total cost of ordering and carrying flour.
Answer:
annual demand = 1,215 bags of flour
ordering costs = $10 per order
annual carrying costs = $75 per bag
a. Determine the economic order quantity.
EOQ = √[(2 x S x D) / H]
EOQ = √[(2 x $10 x 1,215) / $75] = 18 bags of flour
b. What is the average number of bags on hand?
average number of bags on hand = 18 / 2 = 9
c. How many orders per year will there be?
total number of orders per year = 1,215 / 18 = 67.5 orders
d. Compute the total cost of ordering and carrying flour.
total cost of ordering flour = 67.5 x $10 = $675
since we assume that the company keeps operating after the year ends, we can use fractions when calculating the number of orders per year
total cost of carrying flour = 9 x $75 = $675
total cost of ordering and carrying flour = $1,350
The results in the large bakery are as follows:
(a). Economic Order Quantity = 18 Bags of Flour.
(b). Average Number of Bags on Hand = 9 Bags.
(c). Total Number of Orders Per Year = 67.5 orders.
(d). Total cost of ordering and carrying flour = $675.
What is economic order quantity?The Economic Order Quantity is employed to undervalue the costs of the order.
The total costs contain the Fixed Cost and Variable costs. These costs include the acquisition costs from the supplier, ordering costs, and moving costs.
(a). Computation of Economic Order Quantity:
According to the given information,
Annual Demand(D) = 1,215 bags of flour
Ordering Costs(O)= $10 per order
Annual Carrying Costs(C) = $75 per bag
Apply the given values in the formula of Economic Order Quantity,
[tex]\text{Economic Order Quantity} = \sqrt{\dfrac{2 \times O \times D }{C} }\\\\\text{Economic Order Quantity} =\sqrt{\dfrac{2\times \$10 \times \$1,215}{\$75} }\\\\\text{Economic Order Quantity} = 18 \text{bags}[/tex]
Therefore, the Economic Order Quantity is 18 bags.
(b). Computation of the average number of bags on hand:
[tex]\text{Average Number of Bags on Hand} =\dfrac{ \text{Economic Order Quantity}}{2}\\\text{Average Number of Bags on Hand} =\dfrac{18}{2}\\\\\text{Average Number of Bags on Hand} =9 \text{bags}[/tex]
(c). Computation of total numbers of orders per year:
[tex]\text{Total Number of Orders Per Year} = \dfrac{\text{Actual Demand}}{\text{Economic Order Quantity}}\\\\\text{Total Number of Orders Per Year} = \dfrac{1,215}{18}\\\\\text{Total Number of Orders Per Year} =67.5\text{Orders}[/tex]
(d). Computation of the total cost of ordering and carrying flour:
[tex]\text{Total Cost of Ordering Flour} = \text{Total Numbers of Orders Per Year} \times \text{\text{Ordering Cost}}\\\text{Total Cost of Ordering Flour} =9 \times \$75\\\text{Total Cost of Ordering Flour} = \$675[/tex]
Learn more about the economic order quantity, refer to:
https://brainly.com/question/16986815
If a target was purchased for $1,500.0m with an equity contribution of $500.0m, what is the enterprise value of the target if it used $500.0m of cash flow to repay debt?
a. $1,000.0m
b. $500.0m
c. $1,500.0m
d. $2,000.0m
Answer: a. $1,000.0m
Explanation:
Even though the company's enterprise value has no growth, the equity investment of the sponsor will rise from $500.0m when purchased to $1,000.0m when the target for the value of the enterprise is sold for $1500.0m.
The debt was $1000m at year 0 while the remaining $500m was for equity. It should be noted that at the fifth year, equity will be $1,000.0m while the debt will be $500m.
The Wiz Co. owes $60 to its bondholders. The company expects to have a cash flow of $136 if the economy continues as is but that cash flow will deceases to $54 if the economy enters a recession. Should the company face the real possibility of bankruptcy, it will incur legal and other fees of $30. What amount will bondholders be paid in the case of a recession?
Answer:
$24
Explanation:
Calculation for the amount that the bondholders
will paid in the case of a recession
Using this formula
Amount to be paid by Bondholder=Decreased in cash flow- Legal and other fees
Let plug in the formula
Amount to be paid by Bondholder = $54 − $30
Amount to be paid by Bondholder= $24
Therefore the amount that the bondholders will paid in the case of a recession is $24
A review of the sales, costs, and profit projections for a new product to find out whether they satisfy the company's objectives is called a:______
a. vendor analysis
b. portfolio analysis
c. business analysis
d. SWOT analysis
e. concept analysis
Answer:
c. business analysis
Explanation:
A review of the sales, costs, and profit projections for a new product to find out whether they satisfy the company's objectives is called a business analysis.
This ultimately implies that, many organizations and business owners use business analysis to measure the level of satisfaction with respect to the company's objectives and its customers through the process of analyzing or reviewing the sales, costs and profits projection of its new products before pushing them out into the market.
If average demand for an item is 20 units per day, safety stock is 50 units, and lead time is 5 days, the ROP will be:______
a. 20
b. 50
c. 80
d. 130
Answer:
d. 130
Explanation:
Using the given date to calculate Reorder Point:
Reorder Point = (Average demand*Lead time) + Safety stock
Reorder Point = (20*4) + 50
Reorder Point = 80 + 50
Reorder Point = 130
Thus, the ROP is 130.
Laura works for a company that sells luxury cars. Laura approaches a customer by offering the keys to a customer and encouraging them to take a test drive. Laura has
adopted the _____ approach method.
Laura has adopted the hands-on approach method.
How does Laura engage customers in test driving luxury cars?By offering keys to customers and encouraging them to take test drive, Laura demonstrates hands-on approach which allows customers to experience the luxury cars firsthand and gives them opportunity to feel the power, comfort and overall experience of the vehicle.
By physically engaging with the product, customers can develop a deeper connection and understanding of the car's features and capabilities. It also allows them to assess the suitability of the vehicle for their needs and preferences.
Read more about hands-on
brainly.com/question/22972434
#SPJ1