Banks in Ruritania have a required reserve ratio of 8% . Round all answers to one place after the decimal. What is the simple money multiplier

Answers

Answer 1

The simple money multiplier is 12.5.

The reserve ratio is the ratio the Central Bank of a country requires banks to keep as reserves in order to meet unforeseen circumstances. For example, if the reserve ratio is 8%, if a customers deposits $1000, banks must keep $80 as reserves.

Money multiplier is the maximum amount of money commercial banks can create.

Money multiplier = 1 / reserve ratio

1 / 8%

1 / 0.08 = 12.5

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Related Questions

ecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $32,000; 20Y2, $64,000; 20Y3, $152,000; 20Y4, $176,000; 20Y5, $224,000; and 20Y6, $280,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $20 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0".

Answers

Pecan Theatre's total Dividends and per-share dividends declared on Cumulative Preferred Stock and Common Stock are summarized below:

Dividends Declared:

                        20Y1      20Y2         20Y3         20Y4           20Y5        20Y6

Total          $32,000  $64,000  $152,000  $176,000  $224,000  $280,000

Preferred Stock:

Total          $80,000   $80,000     $80,000  $80,000     $80,000    $80,000

Per-share  $4               $4                  $4            $4                $4               $4

Paid          $32,000   $64,000   $144,000  $80,000    $80,000    $80,000

Arrears     $48,000    $64,000            $0            $0                $0               $0

Common Stock:

Total         $0            $0              $8,000    $96,000   $144,000  $200,000

Per-share $0            $0                $0.08         $0.96         $1.44         $2.00

Data and Calculations:

Outstanding Stock:

20,000 shares 4% Cumulative Preferred Stock at $100 par value = $2 million

100,000 shares Common Stock at $20 par value = $2 million

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what ideas do you feel the organization should have the opportunity to mandate without union involvement?

Answers

Answer:

any ideas that would improve things for the employees. if the ideas result in the deterioration of employees' well-being, safety or anything regarding the employees, the the union would get involved. the union exists for this reason.

Frank discovers that workers on the evening shift are consistently late, so he devises a new policy in which employees are only allowed three late clock-ins before they are terminated. These actions are part of the __________ function.

Answers

Considering the situation described above, Frank's actions are part of the " Controlling" function.

This is because the controlling function is one of the functions of management that deals with controlling and ensuring any deviations are dealt with, which demonstrates corrective action.

Thus, in this case, when Frank devises a new policy in which employees are only allowed three late clock-ins before they are terminated, this is an example of a Controlling function to ensure there is progress towards the organizational goals.

Hence, in this case, it is concluded that the correct answer is "Controlling."

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When government regulations are influenced by lobbyists for the producers in a market, the regulations often:

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The government regulations which are influenced by the lobbyists often make it difficult for new producers to enter the market.

The Lobbyists refers to groups that aims to influence political decisions on behalf of individuals and organizations.

The activities of the Lobbyists were at peak during the gilded age where the factory manufacturer and politicians engaged is great scandal to influence government policies.

Therefore, the Option D is correct because the government regulations which are influenced by the lobbyists often make it difficult for new producers to enter the market.

Missing options includes "a. raise market demand, b. are biased in favor of consumer safety c.  reduce costs of production, increasing competitive pressures d.  make it more difficult for new producers to enter the market."

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Henderson Company has fixed costs of $35,000 and a contribution margin ratio of 25%. If expected sales are $200,000, what is the margin of safety as a percent of sales

Answers

Answer:

30%

Explanation:

Apart from a subsidy, how might a government change the market price of a good?​

Answers

Answer:

Governments can tax the public and giving the money to an industry, or tariffs, adding taxes to foreign products to lift prices and make domestic products more appealing. Higher taxes, fees, and greater regulations can stymie businesses or entire industries.

Your company repairs household appliances such as microwaves, dishwashers, and clothes dryers. Your manager, Naomi, is excited about the potential for social media to drive organizational performance. She is considering a number of possible projects, and she asks your advice about how to use social media appropriately.

Which of the following could be a good social media initiative for our company?

a. Use Twitter to post news of product recalls and safety tips for customers, such as the importance of getting safety checks for furnaces and water heaters each fall.
b. Start an internal company blog to post news about impending layoffs and merger discussions.

Answers

Answer:

a. Use Twitter to post news of product recalls and safety tips for customers, such as the importance of getting safety checks for furnaces and water heaters each fall.

Explanation:

Using Twitter to keep people up-to-date on important information would be an excellent way to demonstrate expertise and build brand loyalty with customers and potential customers. Imagine tweeting that a popular dishwasher model has been recalled because it may start fires—a lot of people would probably retweet that to alert their friends.

Information about possible layoffs and a merger is sensitive because these changes will affect people’s livelihoods. This information is best communicated via a richer channel than a blog. The sender and receiver should have the opportunity to use and observe body language, and communications should be more personally directed.

Select Service Partner (SSP) Group has operations in 30 countries involving food and beverage establishments, often in transit hubs such as airports and railway stations. SSP also operates Starbucks locations in airports in Finland, Sweden, and Norway. SSP pays Starbucks a royalty based on sales, as well as a fee for each store. In these instances, Starbucks is engaged in ____________.

Answers

In this situation, Starbucks is engaged in franchising.

Franchising is a business model or method that involves:

A big company allowing individual business owners to sell the products of the big company.Individual business owners must only sell the products of the company and use its brand and trademark.Individual business owners need to pay a fee to the company or give a percentage of the revenue.

A good example of franchising is the situation of Starbucks previously described. This is because:

Starbucks is allowing Select Service Partner to sell its products, use its brand, etc.In exchange Select Service Partner must pay a fee and give Starbucks a royalty based on sales.

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Imagine that you are a management coach and one of your clients, a new manager, says, “I’ve heard that about two thirds of managers fail within 18 months. I don’t want to be part of that statistic! I’ve heard that asking questions and really listening to people’s responses is key to success. But as a manager, shouldn’t I have the answers? Why should I be asking questions?” How do you respond?

CHECK ALL THAT APPLY
- Asking employees questions helps develop their critical thinking skills.
- Asking employees questions boosts their morale by helping them feel like experts, even though they’re not.
- Asking employees questions enhances their sense that the manager is the only person they should be in dialogue with, so they start talking less to each other.
- Asking employees how to solve problems empowers them to arrive at solutions to which they’re committed.

Answers

Answer:

✔ Asking employees questions helps develop their critical thinking skills.

✘ Asking employees questions boosts their morale by helping them feel like experts, even though they’re not.

✘ Asking employees questions enhances their sense that the manager is the only person they should be in dialogue with, so they start talking less to each other.

✔ Asking employees how to solve problems empowers them to arrive at solutions to which they’re committed.

Explanation:

A manager who asks questions with a sincere interest in the answers is engaging in dialogue similar to a “regular” back-and-forth conversation, and this authenticity builds trust and promotes the open exchange of ideas. Another key benefit is that having employees think about questions, rather than just telling them information or telling them what to do, engages their critical thinking skills—which are key skills for organizational success. Also, when employees are asked how to solve problems, they are likely to have more buy-in to the solution they arrive at than to a solution imposed on them. Many people are motivated by feeling as though their ideas make a positive difference.

Lower-level employees are often the experts in operational details and often have more direct contact with customers than higher-level managers, so they have tremendous expertise that can and should be tapped. Asking employees questions begins an organizational dialogue that can lead to a decentralized communication network, in which employees freely exchange ideas with one another and not just with their manager.

HOMEWORK HELP

OOH is an acronym for the
published by the U. S. Bureau of Labor Statistics?

A: Occupational Outreach Handbook

B: Outlook/Outreach Handbook

C: Occupational Outlook Handbook

D: Open Occupation Handbook

Answers

The answer is: C - Occupational Outlook Handbook

Answer:

C) Occupational Outlook Handbook

Explanation:

To encourage employees to work the extra hours needed to get a start-up company off the ground, the CEO offered to institute a profit sharing program for everyone. Which condition that contributes to high performance is most demonstrated at this company

Answers

Answer:

can i have a choise

Explanation:

thanks

Leaders regularly communicate with subordinates to provide them instructions on the tasks that need to be completed in a high-performance workplace.Leaders reduce distractions and free team members to concentrate on their jobs by finding rapid solutions to issues.

What is a key element of high performance work systems?

This article's main objective is to outline the essential components of HPWS and show how, in the knowledge, wisdom, and information-based economy of today, forging partnerships with workers makes business sense for employers.Business professionals may be able to avoid mistakes that "conventional wisdom" can lead to and that are increasingly recognized as the root of much organizational dysfunction and decline by understanding the findings of recent research about this high trust and high empowerment management philosophy.The HPWS systems place a strong emphasis on employee involvement and show a dedication to developing an organizational culture that values commitment above control.The cultures of high performance businesses also place a strong emphasis on the pursuit of excellence and demand that employees possess a high level of qualification, competence, and improvement-oriented behavior. Management specialists have studied HPWS in depth and have discovered common management techniques that boost organizational performance and foster competitive advantage.The seven human resource techniques listed below are intended to increase revenues by involving workers as full owners and collaborators in an organization's success.Seven High Performance Work System Practices (HPWS)Security for Employees, Selected Hiring, Decentralized Decision-Making, etc.High Compensation Based on Results.Training through Commitment.Status barriers are lessened.sharing important data. Each employee's and work group's accomplishments in a high-performance work system add to the system's overall high performance.Since ethical behavior mostly benefits short-term relationships with employees but is unsustainable over time, it is an optional requirement for great performance.

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As a long-term investment, Fair Company purchased 20% of Midlin Company's 300,000 shares for $360,000 at the beginning of the reporting year of both companies. During the year, Midlin earned net income of $135,000 and distributed cash dividends of $0.25 per share. At year-end, the fair value of the shares is $375,000. Assume no significant influence was acquired. Record the transactions from the purchase through the end of the year, including any adjustment for the investment’s fair value, if appropriate. 2. Assume significant influence was acquired.

Required:
Record the transactions from the purchase through the end of the year, including any adjustment for the investment’s fair value, if appropriate.

Answers

The appropriate journal entry to record the transactions from the purchase through the end of the year, including any adjustment for the investment are:

1. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. No journal entry required

3.  Debit Cash $15,000

($300,000×$0.25×20%)

Credit  Investment revenue $15,000

(To record dividend received)

4. Debit Fair value adjustment  $15,000

Credit Net unrealized holding gains and losses- OCI $15,000

($375,000-$360,000)

(To record fair value adjustment)

2. Journal entries

1. Debit Investment in Midlin common shares $360,000

Credit Cash $360,000

(To record investment in Midlin common shares)

2. Debit Investment in Midlin common shares $27,000

Credit Investment revenue $27,000

($135,000×20%)

(To record investment revenue)

3.  Debit Cash $15,000

($300,000×$0.25×20%)

Credit  Investment revenue $15,000

(To record dividend received)

4. No journal entry required

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A disadvantage of the free cash flow valuation method is A. The free cash flow method is not used widely in practice. B. The terminal value tends to dominate the total value in many cases. C. The free cash flow method is not rigorous. D. The projection of free cash flows depends on earnings estimates.

Answers

The main disadvantage of the valuation method is that the terminal value tends to dominate the total value in many cases.

In a free cash flow valuation, the intrinsic value equals present value of its free cash flow and thus, the net cash flow is left over for distribution to stockholders and debt-holders in each period.

So, the disadvantage of the free cash flow valuation method is that the terminal value tends to dominate the total value in many cases.

Hence, the Option B is correct.

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Woh Che Co. has four departments: Materials, Personnel, Manufacturing, and Packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow.
Indirect Expense Cost Allocation Base
Supervision $ 82,500 Number of employees
Utilities 50,000 Square feet occupied
Insurance 22,500 Value of assets in use
Total $ 155,000
Departmental data for the company’s recent reporting period follow.
Department Employees Square Feet Asset Values
Materials 27 25,000 $ 6,000
Personnel 9 5,000 1,200
Manufacturing 63 55,000 37,800
Packaging 51 15,000 15,000
Total 150 100,000 $ 60,000
1. Use this information to allocate each of the three indirect expenses across the four departments.
2. Prepare a summary table that reports the indirect expenses assigned to each of the four departments.

Answers

1. The allocation of the three indirect expenses across the four departments of Woh Checo is as follows:

Supervision Expense:

Basis = Number of Employees

Materials = $14,850 ($82,500 x 27/150)

Personnel = $4,950 ($82,500 x 9/150)

Manufacturing = $34,650 ($82,500 x 63/150)

Packaging = $28,050 ($82,500 x 51/150)

Utilities Expense:

Basis = Square Feet

Materials = $12,500 ($50,000 x 25,000/100,000)

Personnel = $2,500 ($50,000 x 5,000/100,000)

Manufacturing = $27,500 ($50,000 x 55,000/100,000)

Packaging = $7,500 ($50,000 x 15,000/100,000)

Insurance Expense:

Basis = Assets Value

Materials = $2,250 ($22,500 x 6,000/$60,000)

Personnel = $450 ($22,500 x 1,200/$60,000)

Manufacturing = $14,175 ($22,500 x 37,800/$60,000)

Packaging = $5,625 ($22,500 x 15,000/$60,000)

2. The summary table to report the assignment of the indirect expenses to the four departments is as follows:

Allocation of Indirect Expenses to the Departments:

                         Total      Materials    Personnel    Manufacturing   Packaging

Supervision  $82,500     $14,850      $4,950           $34,650        $28,050

Utilities           50,000       12,500        2,500             27,500             7,500

Insurance      22,500        2,250            450               14,175             5,625

Total          $ 155,000   $29,600       $7,900          $76,325          $41,175

Data and Calculations:

Indirect Expense        Cost         Allocation Base

Supervision            $ 82,500     Number of employees

Utilities                      50,000     Square feet occupied

Insurance                  22,500     Value of assets in use

Total                     $ 155,000

Department    Employees    Square Feet     Asset Values

Materials                 27               25,000            $ 6,000

Personnel                 9                 5,000                1,200

Manufacturing        63              55,000             37,800

Packaging               51               15,000              15,000

Total                      150            100,000          $ 60,000

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Identify the type of writing/Essay.
11. There was a sudden hush among the people in the crowd on top of Mount Sinai. Following their gaze, I saw a thin red sliver sitting on top of bands of silver-gray clouds, suspended over the desert wilderness. As I continued to watch, the Red Crescent becomes larger, filling out into a semicircle and spilling its pigment onto the clouds and the bleak desert hills. Answer;
12. People often refer to Africa as the Dark Continent, meaning that Africans were uncivilized, unsophisticated, and ignorant people. West Africa, East Africa, and ancient Zimbabwe are examples that refute this stereotype. The Dark Continent would not be an accurate label for Ancient Africa. Answer;
13. The Taj Mehal complex includes a main gateway, a garden with pools of water, a red sandstone mosque, and an identical building called “Jawab” shah Jahan wanted to build the second mausoleum across the river, as grandiose as the Taj Mehal, to have his own remains buried there. He also wanted the two mausoleums to be connected with bridges. But unfortunately, these plans remained on paper.​

Answers

Answer:

11 informative

12 comparison

13 cause and effect

11th the essay is about Informative.

12th the essay is about comparison.

13th the essay is about cause and effect.

What do you mean by informative?

Informative means providing useful knowledge or ideas.

It helps to organize ideas, concepts, and information using strategies such as definition, classification etc.

What is comparison?

Comparison is the act of finding out the differences and similarities between two or more people or things.

Or a comparison is an examination of two or more items to establish similarities and dissimilarities.

What is cause and effect?

A cause is something that produces an event or condition.

An effect is what results from an event or condition.

The purpose of the cause-and-effect essay is to determine how various phenomena relate in terms of origins and results.

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is a replacement for the lorenz curve which measures income inequality less accurately than does the

Answers

It should be noted that the replacement for the Lorenz curve that measures income inequality less accurately is the Gini coefficient.

The Gini coefficient simply means the Gini index. It's the single number that's used in demonstrating the degree of inequality that's in a distribution of income or wealth.

It's the distribution of income across a population. It measures income inequality less accurately than the Lorenz curve.

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Knowledge Check 01 An increase in a current asset account, other than cash, results in an addition in calculating operating cash flows. Group startsTrue or False

Answers

Answer:

true

Explanation:

since you are ready to learn the lesson with the idea that you gained from the previos activity.

Management at Work

Imagine that you have been a production operator manager for two years at a large gas distribution company. Recently, your director told you that the company is planning a large restructure, but that your department will not lose any employees. You decide that you need to use personal communication techniques to reach out to the people on your team and convince them that they are safe and they need to maintain their productivity levels for the upcoming year.

Fortunately, you have a large personal network of diverse contacts both inside and outside the company. But you know that some of your employees have much smaller networks, and you worry that they will not have the contacts they need in order to get a good perspective on the restructuring. Which of the following pieces of advice should you give to your employees to help them build their networks?

CHECK ALL THAT APPLY
- Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.
- You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.
- Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.
- Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.

Answers

Answer:

✔ Make sure that when you build your network, you don’t always expect your contacts to be giving to you. You have to give as well as receive in order for a network to be effective.

✔ You’re going to have a hard time building a network that you can use to support you through this restructuring, but start now to build your network before you need it the next time.

✔ Reach out to people and do as many activities as you can with them. Try to fill your calendar so that you connect with as many people as possible.

✘ Try to fill your network with people who are very similar to you, preferably people who do the same kind of work you do and people who have non-work backgrounds similar to yours. This will make it easier to develop relationships with them.

Kansas Pizza Pantry opened its first restaurant in Lawrence, Kansas in 1985. Almost immediately after the first location opened, it expanded from Kansas Pizza Pantry to more than 250 locations in more than 30 states and 11 countries. Kansas Pizza Pantry completed an initial public offering in August 2000. Several years ago, Silver Capital completed the acquisition of Kansas Pizza Pantry and, as a result of the acquisition, the company's common stock is no longer publicly traded.
KANSAS PIZZA PANTRY, INC., AND SUBSIDIARIES
Consolidated Statements of Operations
(amounts in thousands, except for per share data)
Year 3 Year 2 Year 1
Revenues:
Restaurant sales $ 633,106 $ 652,685 $ 665,616
Royalties from licensing agreement 6,722 8,239 6,580
Domestic franchise revenues 4,200 2,934 2,757
International franchise revenues 3,153 2,178 2,121
Total revenues 647,181 666,036 677,074
Costs and expenses:
Food, beverage and paper supplies 149,732 155,181 165,526
Labor 237,383 247,850 247,276
Direct operating and occupancy 142,920 142,473 140,367
Cost of sales 530,035 545,504 553,169
General and administrative 50,831 51,041 51,642
Depreciation and amortization 37,156 40,331 40,299
Pre-opening costs 3,369 1,893 4,478
Loss on impairment of property and equipment 18,952 23,441 13,336
Store closure costs 1,758 564 1,033
Litigation, settlement and other costs 8,909 1,659 736
Total costs and expenses 651,010 664,433 664,693
Operating (loss)/income (6,279 ) 3,303 12,381
Interest expense, net (26 ) (783) (1,324)
(Loss)/income before income tax (benefit)/provision (6,305 ) 2,520 11,057
Income tax (benefit)/provision (5,239 ) (2,141) 2,395
Net (loss)/income $ (1,066 ) $ 4,661 $ 8,662
Net (loss)/income per common share:
Basic $ (0.07 ) $ 0.19 $ 0.34
Diluted $ (0.07 ) $ 0.19 $ 0.34
Weighted average shares used in calculating net (loss)/income per common share:
Basic 24,738 24,564 25,193
Diluted 24,738 24,393 25,211
KANSAS PIZZA PANTRY, INC., AND SUBSIDIARIES
Consolidated Balance Sheets
(in thousands, except for share data)
Year 3 Year 2
Assets
Current assets:
Cash and cash equivalents $ 14,465 $ 23,724
Other receivables 12,844 13,041
Inventories 6,427 6,557
Current deferred tax asset, net 8,675 7,576
Prepaid rent 306 5,957
Other prepaid expenses 2,818 2,281
Total current assets 45,535 59,136
Property and equipment, net 242,446 256,416
Noncurrent deferred tax asset, net 22,601 25,511
Goodwill 4,722 4,872
Other intangibles, net 5,087 4,964
Other assets 8,813 7,409
Total assets $ 329,204 $ 358,308
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 17,675 $ 11,763
Accrued compensation and benefits 23,923 23,701
Accrued rent 21,174 20,287
Deferred rent credits 4,358 4,245
Other accrued liabilities 14,190 11,915
Gift card liability 14,877 21,140
Store closure reserve 79 351
Total current liabilities 96,276 93,402
Long-term debt --- 22,800
Other liabilities 9,986 8,728
Deferred rent credits, net of current portion 33,677 32,978
Income taxes payable, net of current portion 329 10,125
Commitments and contingencies - -
Stockholders’ equity:
Common stock—$0.01 par value, 80,050,000 shares
authorized, 27,100,000 and 26,700,000 shares issued and outstanding at end of Year 3, and Year 2, respectively 271 267
Additional paid-in capital 174,563 174,500
Retained earnings 14,102 15,508
Total stockholders’ equity 188,936 190,275
Total liabilities and stockholders’ equity $ 329,204 $ 358,308
Required:
Compute the following ratios for Year 3 using information from the company annual report that was issued before Kansas Pizza Pantry was acquired. Assume a market price per share of $1.26.(Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Negative amounts should be indicated by a minus sign.)
Ratios are: Return on equity, Net profit margin, Inventory turnover, Current ratio, Quick Ratio, Debt-to equity ratio, Price/earnings ratio.

Answers

The financial ratios for Kansas Pizza Pantry are computed as follows:

1. Return on Equity = Net loss/Stockholders' Equity x 100

= $(1,066)/$188,936 x 100

= -0.56%

2. Net Profit Margin = Net loss/Total revenue x 100

= $(1,066)/$647,181 x 100

= -0.16%

3. Inventory Turnover = Cost of goods sold/Average  Inventory

= $530,035/$6,492

= 81.6 times

4. Current Ratio = Current assets/Current liabilities

=  $45,535/$96,276

= 0.47

5. Quick Ratio = Current assets - Inventories/Current liabilities

= $45,535 - $6,427/$96,276

= 0.41

6. Debt-to-Equity Ratio = Total Debts/Total Equity

= $140,268/$188,936

= 74%

7. Price/Earnings Ratio = $1.26/$(0.07)

= -18 times

Data and Calculations:

Total revenues = $647,181

Cost of sales = $530,035

Net (loss)/income = $(1,066)

Basic EPS = $ (0.07)

Total current assets = $45,535

Total current liabilities = $96,276

Total liabilities and stockholders’ equity = $329,204

Total stockholders’ equity = $188,936

Total liabilities = $140,268 ($329,204 - $188,936)

Less current liabilities = $96,276

Long-term liabilities = $43,992 ($140,268 - $96,276)

Average Inventories = $6,492 ($6,427 + $6,557)/2

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If government outlays in 2011 were $2.2 trillion and government revenues were $3.8 trillion, the federal Group of answer choices debt was unaffected. debt decreased $1.6 trillion. budget deficit was $1.6 trillion. budget was balanced. budget surplus was $1.6 trillion.

Answers

The budget surplus is $1.6 trillion.

When a government's revenues exceeds its outlays, the government is said to run a surplus. If  government's revenues is less than its outlays, the government is said to have a deficit.  If a government runs a deficit, its debt would increase because it would have to borrow to fund the deficit.

Amount of budget surplus = government's revenues - outlays

$3,8 trillion - $2.2 trillion = $1.6 trillion

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Schweigert Paint Company, which prepares annual financial statements, is preparing adjusting entries on December 31. Analysis indicates the following:
(1.) The company is the defendant in an employee discrimination lawsuit involving $50,000 of damages. Legal counsel believes it is unlikely that the company will have to pay any damages.
(2.) December 31st is a Friday. The employees of the company have been paid on Monday, December 27th for the previous week which ended on Friday, December 24th. The company employs 30 people who earn $100 per day and 15 people who earn $160 per day. All employees work 5-day weeks.
(3.) The company is a defendant in a $500,000 product liability lawsuit. Legal counsel believes the company probably will have to pay the amount requested.
Prepare any adjusting entries necessary at the end of the year.

Answers

The Adjusting Journal Entries that Schweigert Paint Company will make in its records include the following:

Adjusting Journal Entries on December 31:

1. No Journal Entry Required

2. Debit Wages Expense $27,000

Credit Wages Payable $27,000

To accrue unpaid wages for one week to December 31.

3. Debit Product Liability Expenses $500,000

Credit Product Liability Payable $500,000

To record the product liability expense.

Data Analysis:

1. No Journal Entry Required

2. Wages Expense $27,000 Wages Payable $27,000.  ($100 x 30 x 5) + ($160 x 15 x 5)

3. Product Liability Expenses $500,000 Product Liability Payable $500,000

Thus, the adjusting entries as of December 31 do not include transaction 1.

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A local university has 6 faculty members for every 150 students. How many faculty members are needed for 9,575 students?

Number of faculty members

What’s the answer?

Answers

150/6=25 9575/25=383
Answer = 383

A partnership began its first year of operations with the following capital balances: Young, Capital $ 143,000 Eaton, Capital $ 104,000 Thurman, Capital $ 143,000 The Articles of Partnership stipulated that profits and losses be assigned in the following manner: Young was to be awarded an annual salary of $26,000 and $13,000 salary was to be awarded to Thurman. Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year. The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively. Each partner withdrew $13,000 per year. Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year. What was the balance in Thurman's Capital account at the end of the second year

Answers

From the information given, the balance that will be in the capital account of Thurman at the end of the second year will be $132860.

The partners account at the end of the second year for Thurman will be calculated thus:

Beginning capital = $126100Add: Net income = $19760Less: Drawings = $13000Ending capital = $132860

Therefore, the balance in the account will be $132860.

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Your boss has just asked you to take over coordination of the company’s monthly potluck, which is scheduled for next week. How should you get the word out to participants?

This is a _____1______ message, so you should ______2______.

PART 1
a. routine
b. nonroutine

PART 2
a. Send a mass e-mail to all participants
b. Leave a message on each participant’s answering machine

Answers

Answer:

a. routine

a. Send a mass e-mail to all participants

Explanation:

In this case, your message is routine, and it is best conveyed with a less-rich medium. People are familiar with the potluck, because it is a regularly scheduled event. If you send a mass e-mail, people will glance at it and assume that everything is fine. If you use a richer medium, such as a telephone message, people may wonder whether there is a hidden meaning behind your words. For example, they might wonder whether management will announce bad news at the potluck and wants to make sure everyone is there to hear it.

Which of the following is the best advice for written communication that is highly important?

a. Use jargon
✔ b. Get a second opinion
c. Use pretentious language
d. Use technology channels to distribute the message
e. Keep it long

Answers

Answer:

"D" is the correct answer!

Explanation:

Written communication is the use of a printed message, such as letters, training manuals, memos, proposals and emails. Emails. memos etc are all technology channels or apps.

Statement that serves as best advice for written communication which very important is B:Get a second opinion.

Written Communication serves as the medium that us been utilized by sending of messages in writing form.

This kind of communication could be ;

 letters circulars manuals reports

When dealing with written communication it is important to seek second opinion for much clarity.

Therefore, option B is correct.

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Abardeen Corporation borrowed $113,000 from the bank on October 1, Year 1. The note had an 10 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for interest in Year 1

Answers

a. The cash that Abardeen pay for interest in Year 1 is $0.

b. Interest expense that was recognized is $2,825.

c The Total liabilities was reported is  $115,825.

d. The amount of cash was paid to the bank is $118,650.

e. The amount of interest expense was reported is $2,825.

a.  The  amount of cash that Abardeen pay for interest in Year 1 is $0 reason being that the interest matured on March 31, 2017.

b. Interest expense:

Interest expense=($113,000 x 10% x 3 months /12)

Interest expense=$2,825

c. Total liabilities

Total liabilities= $113,000 + $2,825

Total liabilities = $115,825

d. Cash that was paid to the bank on March 31, 2017:

Cash= $113,000 Principal +  ($113,000 × 10% × 6/12)] Interest

Cash= $113,000 Principal +$5,650 interest

Cash= $118,650

e. Interest expense reported on the 2017 income statement:

Interest expense=$113,000 × 10% ×3/12

Interest expense=$2,825

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The common stock of High Energy is selling for $58 per share. Currently, the firm has a total market value of $1,314,900 and a book value of $647,600. How many shares of stock will be outstanding if the firm does a stock split of 5-for-2

Answers

The number of shares of stock that will be outstanding if the firm does a stock split of 5-for-2 is $56,677.

Using this formula

Outstanding shares=(Total market value/Common stock per share)×Stock split

Let plug in the formula

Outstanding shares=($1,314,900 /$58)×5/2

Outstanding shares=$56,676.72 shares

Outstanding shares=$56,677 shares (Approximately)

Inconclusion the number of shares of stock that will be outstanding if the firm does a stock split of 5-for-2 is $56,677.

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__________ refers to messages sent through human actions and behavior rather than through words.

✔ a. Nonverbal communication
b. Verbal communication
c. Written communication
d. E-mail
e. Oral communication

Answers

Answer:

Nonverbal Communication

Why are professional associations interested in keeping professional standards high?
A few dishonest professionals can hurt the entire profession.
B. They can charge more for higher standards.
C. Professional associations get paid based on customer reviews.
D. Professional associations are forced by law to keep standards high.

Answers

Answer:

A few dishonest professionals can hurt the entire profession.

At least two different household products are available in the marketplace that make use of the phenomenon of sensory adaptation: Febreze’s NOTICEables. and Glade’s Lasting Impressions Air Freshener. Both products are air fresheners that use warmed oil to scent the air with fragrances. a. If you were a marketing manager for an air freshener company, why should you be concerned about sensory adaptation? Be sure to provide a general definition of sensory adaptation in your response

Answers

Sensory adaptation should be a concern of a marketing manager of an air freshener company, because the human organism is able to adapt to a constant stimulus, generating a marketing concern with the product repurchase process.

Sensory adaptation is defined as the reduction in human sensitivity to a specific stimulus, such as smells, noise and temperatures, which makes a person less aware of a stimulus.

Therefore, sensory adaptation should be a concern for air freshener companies like Glade, which uses warmed oil to scent the air with fragrances.

It is necessary that marketing generates more publicity and develops products with different features and aromas that encourage repurchase, with the objective of freeing the consumer's attention to perceive other types of stimuli.

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