Answer:
Probably the railroad was the single most important factor that contributed to the American industrial revolution.
The railroad was essential for relocating immigrants, accessing mines in the west and expanding the country in general.
Other important factors include:
Early industrialization increased productivity, and American entrepreneurs realized that and wanted to copy that model. Several American inventions increased productivity.
That led to change from agricultural nation to industrial nation (at least in the northern states).
Businesses expanded and corporations were formed. That led to powerful monopolies.
The government itself did not intervene in the economy that much, it was worried about economic growth and the means were not something to care about.
As more immigrants arrived, markets starters to grow. Also, the government imposed high tariffs on imported goods which benefitted American producers.
At December 31, Gill Co. reported accounts receivable of $243,000 and an allowance for uncollectible accounts of $1,100 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: _________
a. $8,620.
b. $9,720.
c. $10,820.
d. $1,100.
Answer:
c. $10,820.
Explanation:
The computation of the amount of the adjustment for uncollectible accounts is shown below
= Account receivable reported × given percentage + debit balance of allowance for uncollectible accounts
= $243,000 × 4% + $1,100
= $9,720 + $1,100
= $10,820
hence, the amount of the adjustment for uncollectible accounts is $10,820
Therefore the correct option is c
What is the price of a three-year coupon bond with a coupon rate of 1%, face value equal to $100, and a current interest rate of 0.75%? Do not include any symbols in your answer.
Answer: 100.74
Explanation:
Face value= $100
Coupon payment = $100 × 1% = $100 × 1/100 = $100 × 0.1 = $1
Interest rate = 0.75% = 0.75/100 = 0.0075
The price of the bond will be:
= 1/(1 + 0.0075) + 1/(1 + 0.0075)^2 + 1/(1 + 0.0075)^3
= 100.74
If a credit card balance is paid in full within the grace period then the customer will receive __________. A. lower interest rates B. unlimited credit C. no finance charges D. higher interest rates
Answer:
The answer is A.
Explanation:
Answer: A
Explanation:
Easy Car Corp. is a grocery store located in the Southwest. It expects to pay an annual dividend of $6.30 next year to its shareholders and plans to increase the dividend annually at the rate of 5.0 % forever. It currently has 600,000 common shares outstanding. The shares currently sell for $60 each. Easy Car Corp. also has 20,000 semiannual bonds outstanding with a coupon rate of 8.9141 %, a maturity of 26 years, and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 10%. The corporate tax rate is 20 %?
Answer:
Missing question "1. What is the cost of debt for Easy Corp? 2. How many interest payments are left for the bond of Easy Corp? 3. What is the interest payment per period for the bond? 4. What is the discount rate per period to use in pricing the bonds? 5. What is the market value of equity for Easy? 6. What is the cost of equity for Easy?"
1. Cost of debt is equal to YTM, which is equal to 10%
Cost of debt = YTM = 10%
2. Number of interest payment to be made is equal to 26 * 2 = 52
This is because payment is made semi annually
3. Interest payment per period = 8.9141% / 2 * $1,000
Interest payment per period = 4.45705% * $1,000
Interest payment per period = $44.57
4. As the period is semiannual, discount rate per period is equal to 10% / 2 = 5%
5. Market value of equity = 600,000*60 = $36,000,000
6. Cost of equity = Dividend price + Growth rate
Cost of equity = 6.3/60 + 0.05
Cost of equity = 0.105 + 0.05
Cost of equity = 0.155
Cost of equity = 15.5%
You should FOLLOW UP on items that: ______________, _________________, ________________.
$39,918.23 rounded to the nearest thousands
Answer:
0.727935
Explanation:
$81.77 rounded off which gives a value of $40,000 rounded to the nearest thousands of $39,918.23.
How do you round a number to thousands?The last three numbers are used to round to the nearest thousand. If these digits total 500 or more, we round the thousands of digits up; if they total less than 500, we round down while maintaining the same thousand digits. The last four numbers are used to round to the closest ten thousand.
Given,
$39,918.23
Required rounded to the nearest thousands =?
For Rounding into a thousand we consider thousand place digits divided by 10000.
In that case = 9918.23 Divide by 10000 =$0.991823
We do upper round off in that case because we get 0.9 which is greater than 0.5. so the answer is $40,000.
The action of forming anything into a circle. Mathematics. the act of changing one number with another that is roughly equivalent in value but has fewer digits
Thus, the rounded of $39,918.23 to the nearest thousand is $40,000.
Learn more about Rounding off here:
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Which of the following most clearly represents an illegal termination of employment?
a. A builder fires one of his carpenters for showing up late to work, without asking the carpenter why he was late.
b. A mechanic is fired after refusing to wear the safety gear required by the shop owners.
c. A delivery service manager fires a female employee after making numerous comments about how unreliable he thinks women are.
d. A waitress quits her job in the middle of a shift because the restaurant is understaffed and patrons are getting upset.
Answer: c. A delivery service manager fires a female employee after making numerous comments about how unreliable he thinks women are.
Explanation:
It is explicitly prohibited by Federal law to fire someone on the basis of their gender. The delivery service manager in this scenario did just that when he fire the female employee based on his prejudiced feeling towards women at work.
In doing so, the man broke federal law and illegally terminated the employee's employment. She has the right to seek redress with the Equal Employment Opportunity Commission (EEOC).
Why is it important to handle customers issues using acknowledge, apoligize, and act?
Answer:
because
Explanation:
it is ur job example if u work at cashier and then your exchange is less then the costumer complains of course you need to apologize lest you get fired
Which factor is least important when choosing a financial service provider?
Α. fee structure
B. licenses
C. experience
D. website
customer retention numbers
Answer:
d
Explanation:
got it right on edmentum
Sheldon must take a required minimum distribution from his retirement plan by December 31, 2020 to avoid an additional tax due.a) trueb) false
Answer:
Explanation:
A
The Tax Cuts and Jobs Act suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law. For which of the following itemized deductions does California tax law conform to the new Federal tax provisions for tax year 2019?A. Tax preparation expensesB. Unreimbursed business expensesC. Investment expensesD. Medical expenses
Answer:
D. Medical expenses
Explanation:
The California tax law follows the new federal tax provision for the year 2018 for medical expenses. Only part of the medical expenses can be deducted which is allowed as per federal tax law, that is, 7.5% of the adjusted gross income.
Jazz Corporation owns 10% of the Williams Corp. stock. William distributed a S10,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($2,000). What is the amount of Jazz's dividend received deduction on the dividend it received from Williams Corp.?
A. $0
B. $5, 600
C. $7,000
D. $8,000
E. None of these.
Answer:
B. $5, 600
Explanation:
The computation of the amount of dividend deduction is shown below;
Here the Jazz corporation owns 10% of the William stock
The dividend deduction percentage would be 70%
And, the taxable income is
= $10,000 - $2,000
= $8,000
Now the amount of dividend deduction would be
= $8,000 × 70%
= $5,600
hence, the correct option is b.
Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27. Prepare the necessary November 27 entry for Louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
November 27
Dr Cash $15,750
Cr Interest Revenue $625
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Explanation:
Preparation for the necessary November 27 entry
November 27
Dr Cash $15,750
[$15,000+($15,000 × 10% × 180/360) ]
($15,000 + $750=$15,750)
Cr Interest Revenue $625
( $15,000 × 10% × 150/360),
Cr Interest Receivable $125
Cr Notes Receivable for $15,000
Note that between the month of June 30 and November 27 we would have a total of 150 days
how macroeconomists tackle macroeconomic problems?
Answer:
Economics is not an exact science, that means that there is no secret formula that will solve economic issues. Economics is a social science since it deals with individual's actions and these actions cannot be controlled. Economists can assume households and businesses will act a certain way, but they cannot force them to do so or even be sure that the desired effects will happen.
Economists are divided into two main streams or schools:
Neo-neo-classicists that believe that the market will eventually self regulate in the long run. Economic problems must be dealt by managing the money supply. Keynesians that believe that in the short run, the government can actually affect the economy and can change some economic factors. They deal with problems mainly through fiscal policies, i.e. increasing or decreasing government spending.Personally, I believe that classic economic theories are wrong because theories can rarely apply in real world situations. That is why this theory has continuously been losing strength in the past 90 years. Human are not rational and they will not follow instructions, they will do what they believe is the best thing, not what other people tell them to.
If the value of risk-sensitive assets exceeded that of its liabilities, the bank's profit from the interest rate will:_____
a. Increase
b. Decrease
Answer:
Increase
Explanation:
The rate of a bank work or performance is mostly acted upon or influenced by the interest payments earned on its assets (loans and investments) relative to the interest paid on its liabilities (deposits). Bank will get profit from increasing interest rates only if the said assets have floating (adjustable) rates.
When the value of risk-sensitive assets is beyond that of its liabilities, the bank would profit from increase in interest rates.
Kirk decides to use the simplified option for his home office deduction on his 2019 income tax return. He figures he uses 200 square feet of his home for business. What is his allowable home office deduction?
a. $0
b. $600
c. $1,000
d. $2,000
Answer:
c. $1,000
Explanation:
For 2019 allowable home office, deduction is prescribed at a rate of $5 per square feet for a maximum of 300 square feet.
Deduction allowed = 200 * $5 per square feet
Deduction allowed = $1,000
So, his allowable home office deduction is $1,000
Blossom Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories: Product Cost Market A $135000 $142000 B 94000 90000 C 189000 191000 After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be
Answer: 414,000
Explanation:
After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be calculated as the addition of the lower between the market and.cost for each product. This will be:
Product A: Lower of 135000 or 142000 = 135,000
Product B: Lower of 94000 or 90000 = 90,000
Product C: Lower of 189000 or 191000 = 189,000
Value of inventory will then be:
= 135,000 + 90,000 + 189,000
= 414,000
=
Technical analysis of the stock market focuses on which of the following?
A. The revenue of a corporation
B. Calculating opportunity costs
O C. Overall trends in the market
D. The ratio of costs to benefits
A client comes to see you for retirement planning. They plan to retire in 4 months on their 66th birthday. They are planning on living until age 91 (they added a few years to their estimate of reality to stay conservative). They are investing in such a way that should generate average annual returns of 6.5%. If they have $575,000 in retirement assets, then how much annual income could they expect
Answer:
The annual income that the client could withdraw is:
$44,262.30.
Explanation:
PV of retirement assets = $575,000
Interest rate on the assets = 6.5%
Number of retirement years = 25 (91 - 66)
Using an online finance calculator,
They can expect to retrieve $44,262.30 at the beginning of each period to reach the future value of $0.00.
FV (Future Value) $0.00
PV (Present Value) $575,000.00
N (Number of Periods) 25.000
I/Y (Interest Rate) 6.500%
PMT (Periodic Payment) $-44,262.30
Starting Investment $575,000.00
Total Principal $-531,557.55
Total Interest $531,557.55
Bramble Corp. incurs the following costs to produce 9900 units of a subcomponent: Direct materials$8316 Direct labor11187 Variable overhead12474 Fixed overhead16200 An outside supplier has offered to sell Bramble the subcomponent for $2.85 a unit. If Bramble accepts the offer, it could use the production capacity to produce another product that would generate additional income of $3600. The increase (decrease) in net income from accepting the offer would be
Answer:
$3,762
Explanation:
The computation is as seen below
Total cost when the production is 9,900 units
Direct materials $8,316
Direct labor $11,187
Variable overhead $12,474
Total $31,977
But,
Their new cost on supplier offer is
= $2.85 × 9,900 units
= $28,215
In the case when the order is accepted, the net income would increase by
= $31,977 - $28,215
= $3,762
Last year, Bailey bought a bond for $1,000 that promises to pay $110 a year. This year, a person who buys a bond for $1,000 receives $125 a year. If Bailey were to sell his (old) bond, its price would be approximately:__________.a. $880.b. $1,125.c. $1,136.d. $1,110.
Answer:
a. $880.
Explanation:
Bailey bought a bond for $1,000 that promises to pay $110 a year.
The interest rate was 110/1000 * 100 = 11%
This year, $1,000 receives $125 a year= 125/1000 * 100 = 12.5%. So, this year the interest rate now rises to 12.5%.
If Bailey were to sell his (old) bond, the price should be 110/12.5% = 110/0.125 = $880.
After Sandra finishes making her list, she does a bit of research to learn about the different technologies available. She
is
Answer:
finding options
Explanation:
Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory is 138 units. Compute Champ’s budgeted production (in units) for May.
Answer:
230
Explanation:
Calculation for Champ’s budgeted production (in units) for May
CHAMP INC.
Production Budget For month ended May 31
Sales during the month 230
Less: Opening Stock (138)
(60%*230)
Sales units required to produce in May 92
(230-128)
Sales during June 230
Add: Closing stock of May 138
(230*60%)
Budgeted production (in units) for May: 230 (138+92)
Therefore Champ’s budgeted production (in units) for May will be 230
You have discovered that for a certain group of stocks, large positive price changes are always followed by large negative price changes. This finding is a violation of the ________ form of the efficient market hypothesis.
Answer:
Strong form
Explanation:
Efficient market hypothesis states that all information about a set of investment in a market is readily available, so it is impossible to beat the market and make unusual profit.
There are different forms that looks at the availability of public and non public information in the market system and their effect on stock prices.
The strong form of the efficient market hypothesis states that both public and non public information is accounted for in the price of a stock, therefore there is no way an investor can make unusual profit.
If a certain group of stocks have large positive price changes followed by large negative price changes, it is a violation of strong form of the efficient market hypothesis.
If people bought the same market basket of goods as the average consumer again and again the:______.
a) consumer price index (CPI) would be extremely accurate.b) consumer price index (CPI) would be less accurate.c) gross domestic product (GDP) deflator would be more accurate.d) gross domestic product (GDP) deflator would be less accurate.e) consumer price index (CPI) would be biased upward relative to the GDP deflator.
Answer:
If people bought the same market basket of goods as the average consumer again and again the: a) consumer price index (CPI) would be extremely accurate.
Suppose a firm that produces for this market employs a private security force that makes town residents, many of whom have no business with the company, feel safer. This scenario is characterized bymarket power , which is an example of
Answer:
Externality, market failure
Explanation:
Note: The full question is attach as picture below
This scenario is characterized by externality which is an example of market failure.
At the intersection of demand and supply curves, value to consumers is equal to cost to sellers. When people who are not involved in the business, feel safer, there exists positive externality which results in market failure and the need for government intervention arises.
Which of the following is an example of a market risk for a company that manufactures automobiles?
a) Being suddenly unable to source a critical component of the automobile
b) Damage to completed cars being transported to a buyer
c) A competitor that offers a similar line of cars with comparable quality at lower prices
d) A failure in the company's accounts receivable process
Answer:
Hi! It's definetly D!
Explanation:
You're wasting money and you'll need to spend more. Hope this helps!
What constant-growth rate in dividends is expected for a stock valued at $32.40 if next year's dividend is forecast at $2.20 and the appropriate discount rate is 13.6%
Answer: 6.81%
Explanation:
To calculate the growth rate, we'll use the formula:
Price = Expected Dividend / Discount - Growth rate
32.40 = 2.20 / 13.60% - Growth rate
13.6% - Growth rate = 2.20/32.40
Growth rate = 13.60% - 6.79%
Growth rate = 6.81%
After-tax net income divided by the average amount invested in a project, is the: ___________
a. Net present value rate.
b. Payback rate.
c. Accounting rate of return.
d. Earnings from investment.
e. Profit rate.
Answer:
c. Accounting rate of return.
Explanation:
The Accounting rate of return is calculated by dividing the after tax net income by average investment (i.e. Accounting rate of return = After tax net income / Average investment )
If the sellers bid against each other for the right to sell the good to a consumer, then the producer surplus will be $0 or slightly more. $50 or slightly less. $150 or slightly less. $200 or slightly more.
Answer:
$50 or slightly less
Explanation:
If we assume that there is four persons namely E, S, A and K
The producer surplus is the surplus that shows the difference between the seller value and the seller cost
In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less
Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value
Therefore the option B is correct