Answer:
d) printing money.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
For instance, measuring the time between when a fiscal policy is implemented and when the people feel its impact in the society refers to a lag.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment. Monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.
Additionally, a stimulative fiscal policy when combined by the government with a restrictive monetary policy will result in an increase in the interest rates.
Hence, a monetary policy is linked to fiscal policy when government spending is financed by printing money because the printing of money would significantly increase the circulation of money or money supply and most likely result in inflation.
For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management’s net income goal is $75,000. Compute the required sales in dollars needed to achieve management’s target net income of $75,000.
Answer:
i would 75,345 is your answer
Explanation:
The required sales in dollars needed to achieve management’s target net income of $75,000 is $900,000.
Required sales in dollarUsing this formula
Required sales in dollar=Fixed cost+ Net income/ (1-percentage)
Let plug in the formula
]Required sales in dollar=$195,000+$75,000 /(1-.70)
Required sales in dollar=$270,000/.30
Required sales in dollar=$900,000
Therefore the required sales in dollars needed to achieve management’s target net income of $75,000 is $900,000.
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A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,000 of income is 15 percent, and the tax rate on all income over $20,000 is 25 percent is a(n):
Answer:
The appropriate response is "Progressive tax".
Explanation:
Progressive taxation appears to mean that the tax rate is higher for increased organizations as well as lower for low-income communities. Whenever the taxable income leads to higher, the above tax rate tends to increase. The approximately equal tax rate would be taxation that is set regardless including its up or down in tax liability.So that above is the correct answer.
Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours. Residual value is expected to be $50,000.Using the units-of-production method, what is depreciation expense for the first year assuming it was used 6,000 hours?a) $37,500b) $70,000c) $81,000d) $41,667
Answer:
a) $37,500
Explanation:
In order to determine the depreciation for year 1 based on the units-of-production method, we apply the formula below:
Annual Depreciation= Depreciable Value × Units produced during the year /Estimated total production
Depreciable Value = Original cost – Scrap value
depreciable value=$300,000-$50,000=$250,000
Units produced during the year=6,000 hours
Estimated total production in hours=40,000 hours
first-year depreciation=$250,000*6000/40000
first-year depreciation=$ 37,500.00
Governments usually take steps to regulate market conditions when:
O A. too many businesses engage in competition.
O B. research and development costs increase.
O c. monopolies act in ways that hurt consumers.
O D. more similar businesses are allowed to open.
Answer:
C monopolies act in ways that hurt consumers
Trust
Answer:
c
Explanation:
Betz Company's sales budget shows the following projections for next year:
Sales in Units: 1st Quarter = 60,000; 2nd Quarter = 80,000; 3rd Quarter = 45,000; 4th Quarter = 55,000
Inventory at the beginning of the year was 18,000 units. The finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted unit sales. How many units should be produced during the first quarter?
a) 24,000
b) 48,000
c) 66,000
d) 72,000
Answer:
c) 66,000
Explanation:
Calculation for How many units should be produced during the first quarte
Using this formula
Amount of Units produced = Ending inventory + Units sold + Beginning inventory
Let plug in the formula
Amount of Units produced= (30% × 80,000) + 60,000 − 18,000
Amount of Units produced= 24,000 + 60,000 − 18,000
Amount of Units produced=$66,000
Therefore the units that should be produced during the first quarter will be $66,000
Roland had revenues of $601,000 in March. Fixed costs in March were $212,520 and profit was $51,920. A. What was the contribution margin percentage?B. What monthly sales volume (in dollars) would be needed to break-even?
c. What sales volume (in dollars) would be needed to earn $169,420?
Answer: See explanation
Explanation:
Revenue = $601,000
Fixed costs = $212,520
Profit = $51,920
A. A. What was the contribution margin percentage?
Contribution margin will be calculated as:
= (Fixed cost + Profit) / Revenue
= ($212520 +$51920) / $601,000
= $264440 / $601000
= 44%.
B. What monthly sales volume (in dollars) would be needed to break-even?
The break even point sales will be:
= Fixed cost / Contribution margin
= $212520 / 44%
= $212520 / 0.44
= $483000
C. What sales volume (in dollars) would be needed to earn $169,420?
This will be:
= (FC+DP) / Contribution margin
= (212520 + 169420)/0.44
= $381940/0.44
= $868045.45
Swifty uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $11.00 each. During the month, the company made two purchases: 2800 units at $12.00 each and 12200 units at $12.50 each. Swifty also sold 13100 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, e.g. 1.48.)
1- $156545.
2- $157200.
3- $151400.
4- $163300.
Answer:
1. $156545.
Explanation:
Average cost of inventory = {(7300 x $11) + (2800 x $12) + ($12200 x $12.50)}/(7300 + 2800 + 12200)
Average cost of inventory = $80300 + $33600 + $152500)/22300
Average cost of inventory = $11.95 per unit
Cost of goods sold = Units sold * average cost per unit
Cost of goods sold = 13,100 * $11.95
Cost of goods sold = $156,545
Rearden Metal has a bond issue outstanding with ten years to maturity, a yield to maturity of 8.6%, and a B rating. The corresponding risk-free rate is 3% and the market risk premium is 6%. Assuming a normal economy, the expected return on Rearden Metal's debt is closest to:______
a. 0.6%
b. 1.6%
c. 4.6%
d. 6.0%
Answer:
c. 4.6%
Explanation:
the question is incomplete, since it is missing the average beta for B rated bonds, so I looked for similar questions: average beta for B bonds = 0.26 and since we are assuming a normal economy, we should use it:
the expected return on the bonds = risk free rate + (average beta of B rated bonds x risk premium)
expected return = 3% + (0.26 x 6%)
expected return = 3% + (0.26 x 6%) = 3% + 1.56% = 4.56% ≈ 4.6%
You are in the 32% federal tax bracket. You are offered a taxable bond with a yield of 8.0% and a municipal (muni) bond with a yield of 5.8%. What is the breakeven federal tax rate where you are indifferent with regard to purchasing the taxable bond or the municipal bond? Should you buy the taxable bond? A) 27.50% breakeven tax bracket; No, you should buy the muni bond B) 27.50% breakeven tax bracket; Yes, you should buy the taxable bond C) 29.80% breakeven tax bracket; No, you should buy the muni bond D) 29.80% breakeven tax bracket; Yes, you should buy the taxable bond E) 37.93% breakeven tax bracket; No, you should buy the muni bond F) 37.93% breakeven tax bracket; Yes, you should buy the taxable bond G) None of the above
Answer: A. 27.50% breakeven tax bracket; No, you should buy the muni bond
Explanation:
The breakeven federal tax rate where one is indifferent with regard to purchasing the taxable bond or the municipal bond will be calculated as:
= 1 - municipal bond yield/taxable bond yield
= 1 - (5.8% / 8%)
= 1 - (0.058 / 0.08)
= 1 - 0.725
= 0.275
=27.50%
Therefore, the answer will be A) 27.50% breakeven tax bracket; No, you should buy the municipal bond.
Larkin Corporation acquired two inventory items at a lump-sum cost of $120,000. The acquisition included 3,000 units of product LG and 7,000 units of product KB. LG normally sells for $30 per unit and KB for $10 per unit. If Larkin sells 1,000 units of LG, what amount of gross profit should it recognize? a. $20,000. b. $24,500. c. $2,500. d. $7,500.
Answer:
d. $7,500
Explanation:
The computation of the gross profit is shown below:
But before that following calculations need to be done
Tota sales are
= 3000 units × $30 + 7,000 units × $10
= $90,000 + $70,00 0
= $160,000
Now the weighted of LG is
= $90,000 ÷ $160,000 × $120,000
= $67,500
The unit cost would be
= $67,500 ÷ 3,000 units
= $22.5 per unit
Finally the gross profit is
= (Sales price - cost price) × number of units sold
= ($30 - $22.5) × 1,000
= $7,500
hence, the correct option is d. $7,500
JRJ Corporation recently issued 10-year bonds at a price of $1,000. These bonds pay $60 in interest each six months. Their price has remained stable since they were issued, that is, they still sell for $1,000. Due to additional financing needs, the firm wishes to issue new bonds that would have a maturity of 10 years, a par value of $1,000, and pay $40 in interest every six months. If both bonds have the same Yield to Maturity, how many new bonds must JRJ issue to raise $2,000,000?(Hint find the YTM of first bond the find the value of 2nd bond)
Answer: 2596 bonds
Explanation:
The following information can be gotten from the question:
Coupon rate = 8.0%
Face value = 1000
Year to maturity = 10
NPER = 20
PMT = Face value × Coupon rate / 2 =(1000 × 0.08) / 2 = 80/2 = 40
Yield = 12%
Rate = Yield / 2 = 12% / 2 = 6%
We then calculate the net proceeds which will be:
= PV(rate, NPER, PMT, FV)
= PV(6%, 20, 40, 1000)
= $770.60
We should note that the amount that needed to be raised is $2,000,000. Therefore, the bond that will be needed to be sold will be:
= $2,000,000 / 770.60
= 2596 bonds
From the below-mentioned research paragraph, extract the following information:
I. Identify the research gap.
II. Identify the research objective of the study.
III. On the basis of the research, the objective suggests the research question of the study.
IV. Identify the theory used in the study.
V. Suggest a title for this research paragraph.
Retaining employees is one of the critical issues faced by the organization all over the globe for many years, that how to retain some of the skilled and knowledgeable employees in the organization who can add value to their organizational performance. However, this worry is explained well enough by the cost that indulges to substitute employees who leave the organization and problems that they face while attracting and hiring a new employee. Now, in most of the countries, some employees could not be able to fill out some vacancies which are with higher difficulty is the real sad back in the development of their career. Therefore, in such a scenario, human resource management practices gain vital importance to assist in reducing turnover intentions. (Fabi, Lacoursiere & Raymond, 2015)
In previous studies, AMO model (ability, motivation, and opportunity) the human resource practices were studied as in three other dimensions that are, the first bundle of the bundle of practice connected with the skill level of an employee, second bundle of practice was related with the motivation-enhancing and the third one was linked with the extent of opportunity one employee could get to contribute (Jiang, Lepak, Hu & Baer, 2012). Moreover, in this study, these 3 bundles of human resource practices are redefined as one set with the name of high-performance work practices. This research aims to study the impact of three sets of practices at the individual level on the employee intention to leave which explains a high-performance work system at the one side and employee intention to leave on the other side. Previously, researchers didn’t aim to study the whole effect of individual human resource practices on the employee quit intentions.
The banking sector of Pakistan is consists of thirty-one banks including five representing the public sector and four banks are from abroad, the remaining twenty-two banks are registered as private banks. Moreover, the majority of the banking business is derived from a few selected banks that have perfect competition among them. Six banks are having a major part of banking skills in Pakistan. Generally, these banks collectively hold 57% of deposits and contribute up to 53% of the economy of Pakistan. Additionally, the state bank of Pakistan is the regulatory authority of the banking sector in Pakistan, and further, it gives direction to commercial banks. Overall, the volume of this sector is on a larger scale but against 195 million of the population, only 43 million bank accounts are registered; this is considered a huge gap due to lack of technology knowledge, and some religious groups perceive the concept of conventional banking is against Sharia.
Answer:
Retaining employees is one of the critical issues faced by the organization all over the globe for many years is explained below in details.
Explanation:
The fundamental purpose of this research is to spin out the hollows recognized with measures for the dependability of delegates in the financial sector of Pakistan by examining the effect of an elite work structure (abilities growing, motivation upgrading, and opportunity upgrading) on operator goal to forget with the intermediary influence of procedural justice.
The investigation gap is how the banks in Pakistan going to continue the operators in the country and by employing what methods or models of research.
Answer-II
The primary investigation purpose is beyond, this investigation is zeroing in on the new concept of human asset the board practices. Before, we have seen.
This examination investigates the relationship between elite work structures on worker expectation to leave.
Answer-III
Opportunity promoting is commonly used with the AMO model, which is the proposed model of this examination however having said that open door as an independent variable changed client support directly with the interceding function of passionate performance in past research.
Answer-IV
This examination employs social trade theory, to quantify the problems concerning the standard for dependability in the monetary area of Pakistan.
Answer-V
"New Research to discover the worker maintenance in Pakistan banks"
who remabers portal?
Answer:
me
Explanation:
Post Company lends Blue Company $40,000 on April 1, accepting a 4 month, 4.5% interest note. Post Company prepares financial statements on April 30. What adjusting entry should they make?
Debit note receivable $40,000; Credit Cash $40,000
Debit interest receivable $150; Credit interest revenue $150
Debit cash $150; Credit interest revenue $150
Debit interest receivable $600; Credit interest revenue $600
Answer:Debit interest receivable $150; Credit interest revenue $150--- B
Explanation:
Interest Receivable = Principal x Rate x Time ( from April 2st to 31st--Imonth)
$40,000 x 4.5% x 1/12
= $ 150
Journal entry to record amount on interest note on April 31st
Date Account titles Debit Credit
April 31st interest receivable $150
interest revenue $150
The CECL model:_______.A. Is a good example of an income-statement approach to estimating bad debts. B. Recognizes bad debts when it is probable that an economic sacrifice has occurred. C. Considers historical experience but not forecasts of the future. D. Allows a company to use an accounts receivable aging as part of its methodology for estimating credit losses.
Answer:
The correct answer is the option D: Allows a company to use an account receivable aging as part of its methodology for estimating credit losses.
Explanation:
To begin with, the name of "Current Expected Credit Losses" in the field of business and accounting refers to an specific model used by the companies that was issued by the Financial Accounting Standards Board and its main purpose is to focus on estimation of expected losses according to the complete life of the loan. So therefore that this model allows the companies to use an accounts receivable aging ar part of its methodology for estimating the credit losses. And that is also why this system has had an important impact in the financial institutions of the United States of America.
imagine a trader buys a put option on a stock with a strike price of 500 and pays a premium of 25. what is the traders break-even point g
Answer: $475
Explanation:
Break even point is simply a point whereby the total revenue and the total cost are equal.
Based on the scenario given in the question, the traders break-even point will be 500 - 25 = 475
The answer is $475
Steve Colburn's portable sawmill used 100% for business, was completely destroyed by fire. The sawmill had an adjusted basis of $35,000 and a fair market value of $50,000 before the fire. The sawmill was uninsured. Steve's casualty loss is:________.1) $49,900.
2) $50,000.
3) $35,000.
4) $34,900.
Answer: $35,000
Explanation:
A casualty loss is simply a loss that an individual or business incurs when a property is damaged, or destroyed due to an unexpected or sudden event like fire, volcanic eruption, flood etc.
Here, Steve's casualty loss will be gotten when we compare both his adjusted basis and the fair market value and then we choose the lesser one. Since $35000 is lesser than $50000, therefore the answer will be $35000.
Click this link to view O*NET's Work Activities section for Electrical Power-Line Installers and Repairers. Note that
common activities are listed toward the top, and less common activities are listed toward the bottom. According to
O*NET, what are some common work activities Electrical Power-Line Installers and Repairers perform? Check all
that apply.
communicating with supervisors, peers, or subordinates
inspecting equipment, structures, or material
getting information
O staffing organizational units
operating vehicles, mechanized devices, or equipment
fundraising to pay for work activities
Answer 1,2,3,5
Answer:
2 4 5 6
Explanation:
I had to get the question wrong so i could give the right answer
brainliest please
edit:i put the wrong numbers, i added the right ones
Answer:
Its , 1, 2, 5, 6 or A, B, E, F edge 2021
Explanation:
(ignore this I had to put this so that it would add my answer)
which fiscal policy would most likely result in the largest budget deficit
Answer:
If the question asks for the largest SURPLUS the answer will be
High Taxation and Low Spending
Explanation:
There are two different questions make sure you read it correctly!!!!
The fiscal policy that would most likely result in the largest budget deficit is expansionary fiscal policy.
What is fiscal policy?Fiscal policy refers to the use of the government budget to affect the economy. This includes government spending and levied taxes. The policy is said to be expansionary when the government spends more on budget items such as infrastructure or when taxes are lowered.
Such policies are typically used to boost productivity and the economy. Conversely, the policy is contractionary when government spending decreases or taxes rise. Contractionary policies might be used to combat rising inflation. Generally, expansionary policy leads to higher budget deficits, and contractionary policy reduces deficits. Expansionary Policy is when governments can spend beyond their tax-based budgetary constraints by borrowing money from the private sector. The U.S. government issues Treasury Bonds to raise funds, for example.
To meet its future obligations as a debtor, the government must eventually increase tax receipts, cut spending, borrow additional funds or print more dollars.
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Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2021, accounts receivable totaled $665,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $40,000 at the beginning of 2021 and $25,000 in receivables were written off during the year as uncollectible. Also, $2,000 in cash was received in December from a customer whose account previously had been written off. The company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year.
Required:
Prepare journal entries to record the write-off of receivables, the collection of $2,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.
Answer:
Bad debt expenses is $82,750
Explanation:
Recording the write off receivables
Date Account Titles and Explanation Debit Credit
Allowances for uncollectible accounts $25,000
Accounts receivables $25,000
(To write off an uncollectible amount)
Recording the reinstatement of an account previously written off
Date Account Titles and Explanation Debit Credit
Account receivables $2,000
Allowances for uncollectible accounts $2,000
(To reinstatement of an account previously written off)
Recording collection of account previously written off
Date Account Titles and Explanation Debit Credit
Cash $2,000
Account receivables $2,000
(To record the cash received)
Recording bad debt expenses for the year
Date Account Titles and Explanation Debit Credit
Bad debt Expenses $82,750
Allowances for doubtful accounts $82,750
(To record estimated bad debts)
Workings
Particulars Amount
Beginning balance $40,000
Less: Receivables write off $25,000
Add: Collection of receivables $2,000
previously written off
$17,000
Less: Required allowances $99,750 ($665,000*15%)
Bad debt expenses $82,750
Thus, the bad debt expenses is $82,750
The Greenback Store’s cost structure is dominated by variable costs with a contribution margin ratio of 0.25 and fixed costs of $40,000. Every dollar of sales contributes 25 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.75 and fixed costs of $440,000. Every dollar of sales contributes 75 cents toward fixed costs and profit. Both companies have sales of $800,000 for the month. Required: a. Compare the two companies’ cost structures. b. Suppose that both companies experience a 15 percent increase in sales volume. By how much would each company’s profits increase?
Answer:
Greenback Store One-Mart
Amount % Amount %
a. Sales $800,000 100% $800,000 100%
Variable cost $600,000 75% $200,000 25%
Contribution margin $200,000 25% $600,000 75%
Fixed cost $40,000 5% $440,000 55%
Operating profit $160,000 20% $160,000 20%
Break even point $160,000 $586,666.67
Workings
Greenback Store Break even point = Fixed cost / Contribution margin ratio = 40,000 / 0.25 = 160,000
One-Mart Break even point = Fixed cost / Contribution margin ratio = 440,000 / 0.75 = 586,666.67
b. Greenback Store
Increase in sales = $800,000*15% = $120,000
Company profit Increase by + (Increase in sales * Contribution margin ratio = 120,000 * 25% = $30,000
Thus, with the increase in 15% of sales of Greenback Store, the profit of the company increase by $30,000
One-Mart
Increase in sales = $800,000*15% = $120,000
Company profit Increase by + (Increase in sales * Contribution margin ratio = 120,000 * 75% = $90,000
Thus, with the increase in 15% of sales of One-Mart , the profit of the company increase by $90,000.
Bishop has a capital balance of $120,000 in a local partnership, and Cotton has a $90,000 balance. These two partners share profits and losses by a ratio of 60 percent to Bishop and 40 percent to Cotton. Lovett invests $60,000 in cash in the partnership for a 20 percent ownership. The goodwill method will be used. What is Cotton's capital balance after this new investment?
a) $99,600
b) $102,000
c) $112,000
d) $126,000
Answer:
b) $102,000
Explanation:
Calculation of goodwill
Lovett investment $60,000
Actual value of partnership = $60,000/20% = 300,000
Partnership capital = $120,000 + $90,000 + $60,000 = $270,000
Goodwill = $300,000 - $270,000 = $30,000
Distribution of Goodwill
Bishop = $30,000 * 60% = $18,000
Cotton = $30,000 * 40% = $12,000
Cotton's Capital = $90,000 + $12,000 = $102,000. Thus, Cotton's capital balance after this new investment is $102,000
Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. KENDRA, COGLEY, AND MEI Balance Sheet May 31 Assets Liabilities and Equity Cash $ 180,800 Accounts payable $ 245,500 Inventory 537,200 Kendra, Capital 93,000 Cogley, Capital 212,500 Mei, Capital 167,000 Total assets $ 718,000 Total liabilities and equity $ 718,000 Required: For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions. (Do not round intermediate calculations. Amounts to be deducted or Losses should be entered with a minus sign. Round your final answers to the nearest whole dollar.)
1. Inventory is sold for $600,000.
2. Inventory is sold for $500,000.
3. Inventory is sold for $320,000 and any partners with capital deficits pay in the amount.
Answer:
a. Inventory is sold for $600,000.
gain on sale of inventory = $600,000 - $537,200 = $62,800
allocation of gain:
Kendra 1/2 x $62,800 = $31,400
Cogley 1/3 x $62,800 = $20,933
Mei 1/6 x $62,800 = $10,467
Dr Cash 600,000
Cr Inventory 537,200
Cr Gain on sale of inventory 62,800
Dr Gain on sale of inventory 62,800
Cr Kendra, capital 31,400
Cr Cogley, capital 20,933
Cr Mei, capital 10,467
Dr Accounts payable 245,500
Cr Cash 245,500
Dr Kendra, capital 124,400
Dr Cogley, capital 233,433
Dr Mei, capital 177,467
Cr Cash 535,300
b. Inventory is sold for $500,000.
loss on sale of inventory = $500,000 - $537,200 = -$37,200
allocation of loss:
Kendra 1/2 x $37,200 = $18,600
Cogley 1/3 x $37,200 = $12,400
Mei 1/6 x $37,200 = $6,200
Dr Cash 500,000
Dr Loss on sale of inventory 37,200
Cr Inventory 537,200
Dr Kendra, capital 18,600
Dr Cogley, capital 12,400
Dr Mei, capital 6,200
Dr Loss on sale of inventory 37,200
Dr Accounts payable 245,500
Cr Cash 245,500
Dr Kendra, capital 74,400
Dr Cogley, capital 200,100
Dr Mei, capital 160,800
Cr Cash 435,300
c. Inventory is sold for $320,000 and any partners with capital deficits pay in the amount of their deficits.
loss on sale of inventory = $320,000 - $537,200 = -$217,200
allocation of loss:
Kendra 1/2 x $217,200 = $108,600
Cogley 1/3 x $217,200 = $72,400
Mei 1/6 x $217,200 = $36,200
Dr Cash 320,000
Dr Loss on sale of inventory 217,200
Cr Inventory 537,200
Dr Kendra, capital 108,600
Dr Cogley, capital 72,400
Dr Mei, capital 36,200
Dr Loss on sale of inventory 217,200
Dr Cash 15,600
Cr Kendra, capital 15,600
Dr Accounts payable 245,500
Cr Cash 245,500
Dr Cogley, capital 140,100
Dr Mei, capital 130,800
Cr Cash 270,900
Analyze how Nintendo recreated the home video game business following the Atari-era boom and bust. How was Nintendo able to capture value in the home video game business?
Answer: Cost leadership and differenciation in quality
Explanation:
Cost leadership; Nitendo was able to reduce production cost by subcontracting most of it's production, while the rest of it's production were done within(in-house), with this effect in cost of production reduced, Nitendo was able to reduce selling price and beat the competition in the market.
Differentiation in quality; Nintendo came with quality, their graphics and sounds were top-notch, despite that, they still invested more in main them better with better technology innovation.
The knowledge a firm possesses can be a source of competitive advantage. Describe ways that a firm can continuously learn to maintain its competitive position.
Answer:
It includes; Digging deeper into areas of knowledge/expertise and comparison of achievement can help foster,creat or lead to a competitive position/ advantage. Finding out, sourcing and making use of other areas or sources of knowledge and information can keep a company up to date of competitive efforts and leads to an environment for creativity, shows/ create new knowledge within the company thereby finally leading toexisting competitive advantages and going after new ones.Success is a product of failure so therefore, getting the knowledge of failure as part of the innovative process can bring good results.
Meeting goals with all flexibility and sharing of personal stories, sourcing outsiders, proving one’s self wrong will all foster a kind of fear-free searching of new ideas.
Explanation:
For firm generally, crafting, creating or bringing a strategy that gives/yields a competitive advantage over rivals is said to be the most reliable means of achieving above-average profitability and financial performance in any organization. A company can attain and have sustainable competitive advantage if and when the elements of the strategy used by the company give buyers lasting and good impression orreasons to prefer a company's products or services over those of their competitors.
Strategic approaches used by company to build a competitive advantage includes; Focusing on a narrow market environment (niche) within an industry and also creating an advantage based on offering more value for the money e.t.c.
A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of . A consol is: A. a coupon bond that pays a variable coupon and has a fixed maturity date. B. a coupon bond that pays a fixed coupon rate and does not mature. C. a coupon bond that pays a variable coupon rate and does not mature. D. a coupon bond that pays a fixed coupon rate and has a fixed maturity date. If the yield to maturity on other long-term British government bonds was %, the price the British government is likely to offer investors is £ nothing. (Enter your response to a nearest dollar.)
Answer:
a coupon bond that pays a fixed coupon rate and does not mature
Explanation:
Over a five-year period, (nominal) GDP in a nation increased from $10 trillion to $15 trillion, while the GDP price deflator increased from 100 to 125. Approximately how much is GDP in year five, stated in terms of year-one dollars?
Answer:
The GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.
Explanation:
This can be calculate using the following formula:
Real GDP in year five = Nominal GDP in year five / (GDP price deflator in year five / GDP price deflator in year-one) ................... (1)
Where;
Real GDP in year five = Amount of GDP in year five, stated in terms of year-one dollars = ?
Nominal GDP in year five = $15 trillion
GDP price deflator in year five = 125
GDP price deflator in year-one = 100
Substituting the into equation (1), we have:
Real GDP in year five = $15 / (125 / 100) = $15 / 1.25 = $12 trillion
Therefore, the GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.
The stockholders' equity of Gaulin Company at the start of the current year follows: Common stock, $ 5 par value, 350,000 shares authorized; 120,000 shares issued and outstanding $ 600,000 Paid-in capital in excess of par value 600,000 Retained earnings 346,000 During the current year, the following transactions occurred: Jan. 5 Issued 10,000 shares of common stock for $12 cash per share. Jan. 18 Purchased 4,000 shares of common stock for the treasury at $14 cash per share. Mar. 12 Sold one-fourth of the treasury shares acquired January 18 for $17 cash per share. July 17 Sold 500 shares of the remaining treasury stock for $13 cash per share. Oct. 1 Issued 5,000 shares of 8%, $22 par value preferred stock for $32 cash per share. This is the first issuance of preferred shares from the 50,000 authorized shares.
(a) Use the financial statement effects template to indicate the effects of each transaction. Use negative signs with answers, when appropriate.
Balance Sheet
Transaction Cash Asset + Noncash Assets = Liabilities + Contributed Capital + Earned Capital
Jan. 5 Answer Answer Answer Answer Answer Jan. 18 Answer Answer Answer Answer Answer Mar. 12 Answer Answer Answer Answer Answer July. 17 Answer Answer Answer Answer Answer Oct. 1 Answer Answer Answer Answer Answer Income StatementRevenue - Expenses = Net IncomeAnswer Answer AnswerAnswer Answer AnswerAnswer Answer AnswerAnswer Answer AnswerAnswer Answer Answer(b) Prepare the December 31, 2014, stockholders' equity section of the balance sheet assuming that the company reports net income of $65,800 for the year.Stockholders' EquityPaid-in capital 8% Preferred stock, $25 par value, 50,000 shares authorized, 5,000 shares issued and outstanding $Answer Common stock, $5 par value, 350,000 shares authorized; 260,000 shares issued Answer $AnswerAdditional paid-in capital Paid-in capital in excess of par value-preferred stock Answer Paid-in capital in excess of par value-common stock Answer Paid-in capital from treasury stock Answer AnswerTotal paid-in capital AnswerRetained earnings AnswerAnswerLess: Treasury stock (2,500 shares) at cost AnswerTotal Stockholders' Equity $ Answer
Answer:
common stock $600,000
additional paid in capital, common stock $600,000
retained earnings $346,000
I used an excel spreadsheet because there is not enough room here
1) Dr Cash 120,000
Cr Common stock 50,000
Cr Additional paid in capital, common stock 70,000
2) Dr Treasury stocks 56,000
Cr Cash 56,000
3) Dr Cash 17,000
Cr Treasury stock 14,000
Cr Additional paid in capital, common stock 3,000
4) Dr Cash 6,500
Dr Additional paid in capital, common stock 500
Cr Treasury stock 7,000
5) Dr Cash 160,000
Cr Preferred stocks 110,000
Cr Additional paid in capital, preferred stock 50,000
Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis.
Total 0 1 to 30 31 to 60 61 to 90
Accounts receivable $171,000 $96,000 $34,000 $15,000 $12,000
Percent uncollectible 1% 4% 6% 9%
Required:
a. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method.
b. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $2,600 credit.
Answer:
Net Zero Products
a) The balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method is $4,300.
b) Adjusting Entry to record bad debt expense:
Debit Bad Debt Expense $1,700
Credit Allowance for Doubtful Accounts $1,700
To record the bad debt expense for the period and bring the allowance to $4,300 credit balance.
Explanation:
a) Data and Calculations:
Aging of receivables analysis:
Total (days) 0 1 to 30 31 to 60 61 to 90 above 90
Accounts receivable $171,000 $96,000 $34,000 $15,000 $12,000
Percent uncollectible 1% 4% 6% 9%
Allowance for doubtful 0 $960 $1,360 $900 $1,080
Total allowance for doubtful = $4,300 (960 + 1,360 + 900 + 1,080)
b) The adjustment in the Allowance for Doubtful Accounts needed for the current period is $1,700 ($4,300 - $2,600). This amount will be debited to the Bad Debts Expense account and credited to the Allowance for Doubtful Accounts. It will bring the total for the Allowance for Doubtful Accounts to $4,300 from $2,600.
Fortune Company had beginning raw materials inventory of $16,000. During the period, the company purchased $92,000 of raw materials on account. If the ending balance in raw materials was $10,000, the amount of raw materials transferred to work in process is
Answer:
The amount of raw materials transferred to work in process is $98,000.
Explanation:
Given that, at the beginning of its business operations, Fortune Company had a raw material inventory of $ 16,000 and that, during the business year, it acquired another quantity of raw materials for $ 92,000, the total of raw materials in the company's stock had a total value of $ 108,000 (16,000 + 92,000).
Now, if at the end of the balance the value of the raw materials was $ 10,000, the amount of raw material that was incorporated into the production process was a value of $ 98,000 (108,000 - 10,000).