A straightforward economic model predicts that an increase in bus ridership will result from a decrease in the cost of bus tickets. Even though bus fares have decreased, you notice that some people continue to refuse to board the vehicle. No, because it foresees an increase in the general number of bus riders.
What is economic model?A model in economics is a theoretical construction that represents economic processes through a collection of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, frequently mathematical, framework used to explain intricate processes. Economic models frequently suggest structural variables. A model may contain a variety of exogenous variables, and those variables may alter to produce different responses from economic variables. Investigation, theorizing, and adapting theories to the real world are all examples of methodological uses of models.
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The country autarka does not allow international trade. In autarka, you can buy a wool suit for 3 ounces of gold. Meanwhile, in neighboring countries, you can buy the same suit for 2 ounces of gold. This suggests that?.
International trade is prohibited in the nation of Autarka. A wool outfit costs 3 ounces of gold in Autarka. The same suit, however, can be purchased in nearby nations for 2 ounces of gold. This implies that Autarka should import gold in trade because it is less expensive in its neighbours.
More about imports:
A component of world commerce, imports denote the movement of tradable goods into an economy. It takes a country's trade balance into consideration, which aids in the analysis of its trading status at a given time. Either a trade surplus or a trade deficit is calculated for this trading condition.
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Switzerland is much smaller than the united states but its population density is much greater. Although switzerland’s gdp is much smaller than the united states’ gdp, its _______ is slightly higher.
Switzerland is much smaller than the united states but its population density is much greater. Although Switzerland's GDP is much smaller than the united states' GDP, its GDP per capita is slightly higher.
Gross home Product (GDP) in step with capita shows a country's GDP divided by its total population. The table beneath lists international locations inside the global ranked via GDP at purchasing electricity Parity (PPP) in step with capita, at the side of the Nominal GDP per capita. As a result, higher GDP consistent with capita is often related to high-quality results in a huge range of regions consisting of higher fitness, extra schooling, or even more lifestyle delight. The USA. The united states of the USA is a North American nation that is the arena's most dominant economic and navy strength. Likewise, its cultural imprint spans the world, led in large element by using its popular culture expressed in song, movies and television.
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Colgate-palmolive secured the endorsements of dentists to make the claim that colgate total toothpaste is the number-one recommended toothpaste by most dentists, a tactic that is most effective at.
Colgate-Palmolive secured the endorsements of dentists to make the claim that Colgate total toothpaste is the number-one recommended toothpaste by most dentists, a tactic that is most effective at decreasing perceived risk.
What is perceived risk?
According to Arrow (1950), Humphreys and Kenderdine (1979) and Taylor (1975), perceived risk "represents an uncertain, probabilistic potential future expenditure". Simply put, perceived risk is the ambiguity that consumers have before purchasing any product or service. a term used in marketing and sales Perceived risk refers to how a customer perceives the risks associated with any purchase and is mostly associated with products that are expensive such as houses or cars or products that are complex and have many features such as computers or laptops.To learn more about perceived risk, refer to:
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________ is the sequence of value-adding activities performed to develop, produce, market, and service a product.
A Value Chain is the sequence of value-adding activities performed to develop, produce, market, and service a product.
It includes the steps right from the manufacturing of goods or services till reach the customers.
Value Chain: From a product's original design to its delivery to a consumer, there are a number of sequential processes that make up a value chain. The supply chain outlines every stage of production, including the sourcing, manufacturing, and marketing phases, where value is added.
Example: design, production, distribution, and so on.
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A consumer purchase decision made with a great deal of consumer effort is a type of?
A consumer purchase decision made with a great deal of consumer effort is a type of extended problem solving. Hence, Option B is correct.
What is the purchase decision?Throughout an individual's life, various types of decisions must be made, some of which are related to personal life, others to professional life, and someone who has to make a decision regarding any kind of purchase.
Being a consumer, it is a personal decision like any other consumer to mix any kind of purchase decision. This is a kind of reading which is done with the help of efforts and is a type of extended problem-solving technique.
Therefore, Option B is correct.
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The complete question is attached in text form:
A consumer purchase decision made with a great deal of consumer effort is a type of ________.
A) habitual decision making
B) extended problem solving
C) compensatory decision
D) heuristic
E) limited problem solving
What is the annual fee for this credit card?
Personal finance
Answer:
The annual fee on a credit card is the money you have to pay once in a year to be eligible for using the credit card and avail its benefits and rewards. The annual fee varies from one credit card to another and one cardholder to another.
Explanation:
hope this helps (≧∇≦)/
Including ______
in a sales strategy is important.
A. customer rewards
B. employee feedback
C. customer support
D. employee support
wally is a pennsylvania licensee. he’s planning to purchase a house with several acres of land from seller seth. based on wally’s expertise, he believes the property is being underutilized and plans to divide the land into several separate lots to sell off individually. what does wally need to disclose to seth?
Wally needs to be honest about his plans for the land.
If a licensee has an interest in a property, they are required to disclose this interest as well as any potential conflicts of interest in writing. When selling their own property, licensees are required to reveal their license status.What is mean by licensee?In U.S. tort law, a licensee is a person who is on another's property even though it is not accessible to the general public because the owner of the land has granted the licensee permission to enter.A licensee can also refer to the holder of a license.If a person travels to see an invitee for personal reasons, they may be regarded as a licensee. A person is a licensee, for instance, if they go to a friend's rental home. Typically, an invitee extends an invitation to a property to licensees.Learn more about licensee here:
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problems created by differences between countries' antitrust rules, labor laws, patents, copyrights, taxes, product liability, and child labor laws relate to which forces in the global business environment? multiple choice question.
troubles created with the aid of variations between countries' antitrust regulations forces in the world business environment.
The world business environment can be defined as the environment in exclusive sovereign countries, with elements exogenous to the domestic environment of the organization, influencing choice making on resource use and capabilities.
What is an example of world enterprise environment?An example of a global commercial enterprise environment is the United States. The United States is one of the most powerful countries in the world, with a sturdy and secure financial system that has been developing for decades. This makes it one of the exceptional locations to do business in phrases of steadiness and growth.
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https://brainly.com/question/12249460#SPJ4of the department’s methods for determining whether licensees are in compliance, which is used to review a licensee’s progress on taking corrective action based on a deficiency?
Texas House of Representatives of the department’s methods for determining whether licensees are in compliance, which is used to review a licensee’s progress on taking corrective action based on a deficiency.
A lien foreclosure is one of two methods a government agency can use to address delinquent taxes on the property. The other is called selling tax deeds. A statutory lien is first imposed on the taxpayer's assets. The Department of Savings and Mortgages is a Texas agency under the supervision and jurisdiction of the Texas Finance Commission.
Mortgage licensing is overseen by the Nationwide Multistate Licensing System, commonly referred to as NMLS. NMLS will license future her MLOs that meet the requirements.
A Texas Financial Institution shall not permit an employee subject to the registration requirements of this part to act as a mortgage lender for the Covered Financial Institution unless registered with the Registry in accordance with this part.
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At the end of march, paul’s painting hired five temporary employees to work on a project that began on april 5 and ended on april 28. Paul’s received 100% of the total payment for the project on may 3. In this situation, both ________ accounting and gaap require that paul’s recognize the employees’ total salary expense in ________.
accrual-basis; April.
coca cola has a market orientation and follows the marketing concept. most likely, the company would react to consumer dissatisfaction to its product by first: a) hiring better sales people b) increasing advertising to better explain product benefits c) lowering the price d) conducting research to determine if its customers’ needs have changed
coca cola has a market orientation and follows the marketing concept. most likely, the company would react to consumer dissatisfaction to its product by the first D) conducting research to determine if its customers' needs have changed.
Market-oriented perspectives include decision-making perspectives, market information perspectives, cultural behavioral perspectives, strategic perspectives, and customer-centric perspectives. Market Orientation is a business approach focused on determining consumer needs and wants and developing products and services to meet them.
The focus of the organization and its marketing is focused on five main categories, grouped into the following orientation groups Production Oriented, Product Oriented, Sales Oriented, Social Oriented, and Market Oriented.
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Alpine Stables, Inc. , is established in Denver, Colorado, on April 1, 2017, to provide stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April 2017 are provided for your review. A. Received contributions from five investors of $ 60,000 in cash ($ 12,000 the following), a barn valued at \,000 , land valued at $ 90,000 , and supplies valued at $ 12,000. Each investor received 3,000 shares of stock with a par value of $ 0. 01 per share. B. Built a small barn for $ 62,000. The company paid half the amount in cash on April 1,2017 , and signed a three-year note payable for the balance. C. Provided $ 35,260 in animal care services for customers, all on credit. D. Rented stables to customers who cared for their own animals; received cash of $ 13,200. E. Received from a customer \ ,400 to board her horse in May, June, and July (record as unearned revenue). F. Purchased hay and feed supplies on account for $ 3,810 to be used in the summer. G. Paid $ 1,240 in cash for water utilities incurred in the month. H. Paid $ 2,700 on accounts payable for previous purchases. I. Received $ 10,000 from customers on accounts receivable. J. Paid $ 6,000 in wages to employees who worked during the month. K. At the end of the month, purchased a two-year insurance policy for \,600. L. Received an electric utility bill for $ 1,800 for usage in April; the bill will be paid next month. M. Paid $ 100 cash dividend to the following of the five investors at the end of the month. Required:
(d) Write a short memo to the five owners offering your opinion on the results of operations during the first month of business
A short memo to the five owners on the results of operations during the first month of business is as follows:
To: Stockholders (Alpine Stables, Inc.)
From: Analyst
Date: October 31, 2054
Subject: Business Performance in the First Month
The company earned $39,420 in net income before taxes and retained earnings of $38,920 for April 2017.
These show an impressive performance, with more than 98% reinvested from the company's earnings.
Currently, the company has almost $80,000 in working capital, showing its ability to settle its debts without recourse to additional debts. See Notes below.
Regards,
Transaction Analysis:Cash $60,000 Barn $120,000 Land $90,000 Supplies $12,000 Common Stock $150 Additional Paid-in Capital $281,850
Barn $62,000 Cash $31,000 Note Payable $31,000
Accounts Receivable $35,260 Service Revenue $35,260
Cash $13,200 Service Revenue $13,200
Cash $2,400 Unearned Revenue $2,400
Supplies $3,810 Accounts Payable $3,810
Utility Expense $1,240 Cash $1,240
Accounts Payable $2,700 Cash $2,700
Cash $10,000 Accounts Receivable $10,000
Wages Expense $6,000 Cash $6,000
Prepaid Insurance $9,600 Cash $9,600
Utility Expense $1,800 Accounts Payable $1,800
Dividend $500 Cash $500
Trial BalanceAccount Titles Debit Credit
Cash $34,560
Accounts Receivable 25,260
Supplies 15,810
Prepaid Insurance 9,600
Land 90,000
Barns 182,000
Common Stock $150
Additional Paid-in Capital 281,850
Dividend 500
Note Payable 31,000
Accounts Payable 2,910
Unearned Revenue 2,400
Service Revenue 48,460
Utility Expense 3,040
Wages Expense 6,000
Totals $366,770 $366,770
Income StatementService Revenue $48,460
Utility Expense 3,040
Wages Expense 6,000 9,040
Net income $39,420
Dividends (500)
Retained Earnings $38,920
Cash $34,560
Accounts Receivable 25,260
Supplies 15,810
Prepaid Insurance 9,600
Total current assets $85,230
Note Payable $31,000
Accounts Payable 2,910
Unearned Revenue 2,400
Total liabilities $36,310
Working Capital = $79,920 (Current assets - Current liabilities)
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the first stock exchange was established in . brokers, merchants, and investors met at these stock exchanges. the stock exchange helped and companies raise money for their businesses.
The first stock exchange was established in Antwerp, Belgium. Brokers, merchants, and investors met at these stock exchanges. the stock exchange helped and companies raise money for their businesses.
What is stock exchange?Businesses and governments join together at a stock market as a single center to trade equities. Buy and sell orders can be physically and verbally communicated by traders and brokers on auction-based exchanges like the New York Stock Exchange. The first publicly traded firm and creator of modern stock trading, the Dutch East India Corporation, established it in Amsterdam. The business made the decision to sell stock and give shareholders dividends in order to obtain funds. The Amsterdam stock exchange was subsequently founded in 1611. The stock exchange's primary responsibility is to provide a ready platform for the sale and acquisition of securities. This gives investors the assurance that their current investments can be turned into cash, or in other words, that the stock market offers investment liquidity.Learn more about the Stock exchange with the help of the given link:
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What term describes an internet-inspired mechanism for raising money or sponsorship from members of the public for a small project or business venture?.
Project sponsorship is a strategy used online to enlist the public's financial or sponsorship support for a side project or for-profit endeavor.
A project sponsor is a person or organization that controls the project and gives funding and other resources to the project, program, or portfolio to ensure its success. Every undertaking has a minimum of one project sponsor.
Project sponsors are often managers or executives who are in charge of overseeing the whole project. He or she represents the organization and is mainly focused on making sure that the project sponsorship delivers the agreed-upon business advantages. In doing so, they exercise significant leadership in a range of fields.
Project sponsorship is often responsible for initiating, ensuring, approving, and establishing a significant group of project-related responsibilities that fall under the umbrellas of vision, governance, and value/benefit realization. Remember that the majority of the objects may fall under more than one category, and that the categories are not exclusive.
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wp, inc. pays $18,000 for an annual insurance policy on march 1, 2021. they initially debit prepaid insurance for that amount. if wp only prepares adjusting journal entries at the end of the year (12/31), how much prepaid insurance will appear on the december 31, 2021 balance sheet as a result of this transaction?
$3,000 prepaid insurance will appear on the december 31, 2021 balance sheet
WP will have used $15,000 of the insurance after 10 months (March to December) ($18,000 x 10/12). As of 12/31/2021, $3,000 will still be listed as an asset on the balance sheet.
A balance sheet, also referred to as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial standing of a person or an organization, including a corporation, private limited company, sole proprietorship, business partnership, government agency, or not-for-profit organization. As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are listed. It's common to refer to a balance sheet as a "picture of a company's financial status." The balance sheet is the only one of the four fundamental financial statements that only applies at one particular period in a company's fiscal year.
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jones company sold goods for $10,000 on account. the cost of the goods was $7,000. the journal entry to record the cost of the goods sold would be: answer unselected date accounts debit credit sales revenue 7,000 accounts receivable 7,000 unselected date accounts debit credit accounts receivable 7,000 sales revenue 7,000 unselected date accounts debit credit cost of goods sold 7,000 finished goods inventory 7,000 unselected date accounts debit credit finished goods inventory 7,000 cost of goods sold 7,000
Jones Company sold goods for $10,000 on account. The cost of the goods was $7,000. The journal entry to record the sale at retail price would be Accounts Receivable $10,000, Sales Rev $10,000.
What's account?In secretary, an account refers to means, arrears, income, charges, and equity, as represented by individual tally runners, to which changes in value are chronologically recorded with disbenefit and credit entries. These entries, appertained to as bulletins, come part of a book of final entry or tally.What's called retail price?Retail prices are the prices that the guests buying goods at retail outlets pay. Consumers respond to a lower retail price by switching their purchases of the manufacturer's product to the lower- priced retailer.Learn more about retail price here:
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plans to retire in 25 years (1st withdrawal in year 26). he is told by ned flanders that a desirable standard of living in 26 years will require $250,000 per year. homer wants to be able to maintain that level of purchasing power forever (assume inflation
In 25 years, Homer Simpson intends to retire (1st withdrawal in year 26). Ned Flanders informs him that a comfortable level of life in 26 years will cost $180,249 a year. Homer wants to always have that amount of purchasing power.
What is purchasing power?A unit of currency's purchasing power is the quantity of products or services it can currently be used to purchase.Over time, inflation reduces a currency's ability to buy things.Interest rates are adjusted by central banks in an effort to preserve Purchasing power and price stability.The Consumer Price Index is one U.S. indicator of buying power.Since currencies are now more tightly correlated than ever due to globalization, it is essential to safeguard buying power globally.The value of a currency and the things it may purchase are diminished by inflation.Price increases result from a decrease in purchasing power. You might compare the cost of an item or service to an index of prices, such as the Consumer Price Index, to determine buying power in the classic economic sense.To know more about purchasing power, refer to the following link:
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If you are able to articulate thoughts and ideas clearly and effectively in written and oral forms to persons you know and to those of a wider, general audience, you have a proficiency in which competency?.
You have a skill in communication if you can express yourself clearly and persuasively in both written and oral form to people you know and to members of a larger, more general audience.
More about communication competency:
Effectively communicate ideas and concepts using spoken, writing, visual, and non-verbal means, as well as through listening to understand. the capacity to convey knowledge orally, in writing, or digitally.
Understanding the various communication abilities and talents is a crucial skill for managers, business owners, and employees alike. No matter what line of work you are in, interacting with people is a big part of many sectors, thus having the skills and abilities to do so is crucial.
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During the annual planning meeting with her executive leadership team, mieko, president of a rapidly growing company, expressed her vision for expanding company operations across the globe. Mieko’s long-term vision is an example of e-commerce.
During the annual planning meeting with her executive leadership team, the president of a rapidly growing company Mieko expressed her vision of expanding company operations across the globe. The long-term vision of Mieko's is an example of e-commerce, which is a false statement.
The phrase "e-commerce," sometimes known as "electronic commerce" or "internet commerce," refers to the transfer of funds and data for the purpose of conducting business over the internet.
The Mieko vision of expanding company operations across the globe is an example of global expansion. A growth strategy known as "global expansion" entails bringing operations, goods, and services from a domestic market to target markets abroad.
During the annual planning meeting with her executive leadership team, mieko, president of a rapidly growing company, expressed her vision for expanding company operations across the globe. Mieko’s long-term vision is an example of e-commerce. T/F
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In the context of the management skills of a successful supervisor, ________ involve the ability to see the relationship of the parts to the whole and to one another
Conceptual skills are the capacity to understand how the various components fit together to form the total.
These competencies reflect a manager's capacity to compile and evaluate data in order to enhance organisational performance. They comprise the capacity to view the business as a complete and comprehend how diverse components match together to function as a cohesive whole.
The process of planning, organising, directing, and controlling staff actions in conjunction with other resources in order to achieve organisational goals is known as management.
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Which demographic groups does Women in Motion serve?
Demographic groups do Women in Motion serve, Akela Peoples is an award-winning teacher and entrepreneur who has helped over 20,000 young women create career plans.
Demographic evaluation is the take a look at a populace primarily based totally on elements including age, race, and gender. Demographic information refers to statistically expressed socioeconomic records including employment, education, income, marriage rates, start rates and loss of life rates.
Examples of diagnosis. It is included. Demographic studies consist of 5 simple themes. Distribution over a geographical area. its composition (including age, gender, race, and different characteristics); modifications in populace size, distribution, and composition over time; Determinants and outcomes of populace growth.
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One of the factors contributing to the financial crisis of 2007-2009 was the widespread issuance of subprime mortgages. How does this demonstrate adverse selection?.
Lenders loaned money to a pool of potential homeowners with the highest credit risk and lowest net wealth.
What was the financial crisis of 2008?Early in the twenty-first century, a catastrophic global economic catastrophe known as the Global Financial Crisis (GFC), or the Financial Crisis of 2008, took place. After the Great Depression, it was the worst financial catastrophe ever (1929). A "perfect storm" of predatory lending to low-income homebuyers, excessive risk-taking by international financial institutions, and the fall of the US housing bubble resulted from these factors. The value of mortgage-backed securities (MBS) related to American real estate as well as a massive network of derivatives connected to those MBS fell. The collapse of Lehman Brothers on September 15, 2008, and the ensuing global banking crisis caused enormous harm to financial institutions all around the world.
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What others changes could lisa make possitively affect her budget
Some other changes that Lisa can make to positively affect her budget include:
Setting up budgeting goalsSetting up a monthly review How can be budget better?You did not include the whole question so I will give a general overview.
In order to be able to come up with a good budget, one thing that we need to do is to set up some budgeting goals. We need to figure out why we are budgeting and what we hope to gain for it. Having a reason for budgeting makes it easier to budget because we know what we are working towards.
It is also important to set up a monthly review of our budget to see how well we are doing with it. This monthly review will show if we are sticking to the budget and what we can do to be better at the budgeting process. Budgeting is not easy the first couple of times so we need a review to keep us on track.
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Jeff, the owner of a business, invests an additional $100 into his business from his personal checking account. how would this affect the equity of his business?
Jeff invests an additional $100 into his business from his personal checking account.This would affect the equity of his business as the common stock and total equity would increase.
When an owner invests into his business from his personal checking account he is putting the amount of assets into the company. In other words, this is the amount of money or other assets which the owner contributes to the business either to start it or to keep it running.
So an owner's investment into the company will increase the company's assets while also increasing the common stock as well as the owner's equity. Whereas, when company borrows money from its bank, the company's assets and liabilities increases.
Hence, then the owner's equity is recorded on the balance sheet which is at the end of accounting period.
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Two customers purchased $500 of merchandise from the same store on account. The terms of both sales were 2/10, n/30. If the first customer paid in 8 days and the second customer paid in 12 days, what would be the difference in the merchandise company’s records on the date the customers paid in full?.
If the first customer pays in eight days and the second customer pays in 12 days. The difference in the merchandise company's records on the date the customers required to pay in full of 500$.
The first customer's cash admission would be $490, and the second customer's cash input would be $500.
The first consumer would save 2% on their purchase because they paid within 10 days. As a result, their final bill would be $500 * 0.98, or $490, paid in cash and subject to a $10 sales discount. The second consumer didn't pay in ten days to make a payment. As a result, the second customer is required to pay the full amount of $500.
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consider the following transactions. receive cash from customers, $15,300. pay cash for employee salaries, $9,300. pay cash for rent, $3,300. receive cash from sale of equipment, $8,300. pay cash for utilities, $1,300. receive cash from a bank loan, $4,300. pay cash for advertising, $7,300. purchase supplies on account, $3,300.
A cash t-account posts all cash receipts and payments in the t-accounts. Cash is an asset account and therefore, it has a normal Debit balance. It is the rule that all increases in assets are debited and all decreases in assets are reduced. Therefore, receipts of cash are debited and payments of cash are credited.
Cash
Beg. bal.| 8,300} 9,300} 2)
1) 15,300} 3,300) 3)
4) 8,300} 1,300) 5)
6) 4,300} 7,300} 7)
The end. balance 15,000
1. Received cash from customers is cash receipt and it is debited.
2. Paid cash to employees for salaries is the payment of cash and it is credited.
3. Paid cash for rent is the payment of cash and it is credited.
4. Received cash from the sale of equipment is cash receipt and it is debited.
5. Paid cash for utilities is the payment of cash and it is credited.
6. Received cash from the bank loan is cash receipt and it is debited.
7. Paid cash for advertising is the payment of cash and it is credited.
8. Purchase of supplies on the account does not include any receipt or payment of cash. Therefore, it is not considered in the cash t-account.
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suppose asset a has an expected return of 10% and a standard deviation of 20%. asset b has an expected return of 16% and a standard deviation of 40%. if the correlation between a and b is 0.35, what are the expected return and standard deviation for a portfolio consisting of 30% asset a and 70% asset b?
The expected return is 14.2% and the standard deviation is 0.306 for a portfolio consisting of 30% asset a and 70% asset b.
The expected return of Asset A = 10%
The standard deviation of Asset A = 20%
Weight of Asset A = 30%
The expected return of Asset B = 16%
The standard deviation of Asset B = 40%
Weight of Asset B = 70%
Correlation = 0.35
The standard deviation is a degree of the quantity of variation or dispersion of a hard and fast of values. A low widespread deviation suggests that the values tend to be close to the mean of the set, at the same time as a high trendy deviation shows that the values are spread out over a much wider range.
A Standard deviation is a degree of how dispersed the data is when it comes to the suggestion. Low preferred deviation method statistics are clustered across the suggested, and high standard deviation shows records are extra spread out.
Expected return = ( weight of Asset A × Expected return of asset A) + Weight of asset B × Expected return of B)
Expected return = (30% × 10%) + (70% × 16%)
= (0.30 × 0.10) + ( 0.70 × 0.16)
= 0.03 + 0.112
= 0.142
OR 14.2%
Standard deviation = 0.306.
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debt analysis springfield bank is evaluating creek enterprises, which has requested a $4,000,000 loan, to assess the firm’s financial leverage and financial risk. on the basis of the debt ratios for creek, along with the industry average and creek’s recent financial statements (following), evaluate and recommend appropriate action on the loan request.
Through data analysis,The appropriate action on the loan request on the debt ratios for the creek is 0.730
Loans are one of the most popular types of unsecured loans that offer instant liquidity. However, because personal loans are unsecured loans, the interest rates are higher than secured loans.
Debt ratio Creek Enterprises Ind.av.
Total Liabilities/Total assets (16500000+20000000)/50000000=
0.73 0.51
Times interest earned Ratio
Operating profit /Interest expense 3000000/1000000=
3 7.3
Fixed payment coverage ratio
Operating profit before lease & interest expenses/(Lease+Interest) expenses (3000000-200000)/(1000000+200000)=
2.33 1.85
The debt level is too high, going by the industry average.
Naturally, the no.of times debt-interest expenses are covered by the operating income is less than almost half of the industry figure, for the metric.
Other fixed payments seem to be high for other industry peers as seen by the difference (7.3& 1.85)between fixed PMT. Coverage & interset coverage
whereas,
They are not much for Creek. Also, the lease payments will be over by another couple of years.
That said, going by the debt & interest coverage ratios of the company &its peers, the loan request cannot be conceded--as already the company has a high level of liabilities, including fixed commitments like finance leases.
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After the adjusting entries have been completed, the adjusted balance in the prepaid rent account represents the _____
The modified balance in the Supplies Expense account, following the adjustments, represents the cost of the supplies: -used during the accounting period.
Because the trial balance—the initial pulling—adjusting entries are required. may be brought on by rendered services that haven't been billed yet.
Supplies become expenses once they have been consumed. If supplies have a large financial worth, they may qualify as current assets. Small businesses might enter the quantity of unspent supplies in the asset account under Supplies on their balance sheet if the cost is significant.
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