People would be willing to pay $600 for a share of this stock given the probabilities, risk aversion, and interest rate.
The probability of zero net earnings and net earnings of $20 per share each year leads to an expected value of $10 per share. However, because people are risk averse, they require compensation for the variation in their future wealth. This compensation is known as the risk premium.
To calculate the risk premium, we need to look at the variation in future wealth. The standard deviation of the future wealth of the stock is $10, meaning that it can either be $0 or $20, leading to a variation of $10.
Using the formula for the risk premium, which is the product of the standard deviation and the coefficient of risk aversion, we can calculate the risk premium as follows:
Risk premium = standard deviation x coefficient of risk aversion
Assuming a coefficient of risk aversion of 2 (a common value used in finance), the risk premium would be $20.
Therefore, the price that people would be willing to pay for a share of this stock is the expected value plus the risk premium, which equals $30 ($10 expected value + $20 risk premium).
Given an interest rate of 5%, the price that people would be willing to pay for a share of this stock would be equal to the present value of $30. This can be calculated using the formula for present value, which is the future value divided by (1 + interest rate) to the power of the number of periods. If we assume that the future earnings are perpetual, the present value would be $600 ($30 / 0.05).
Therefore, people would be willing to pay $600 for a share of this stock given the probabilities, risk aversion, and interest rate.
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A borrower is purchasing a three-family, owner-occupied rental property. Rental income will be $2,000 (verified only by leases). The PITIA on the property is $2,350. The borrower has a gross monthly income of $5,760 and monthly debt payments of $625. What are the ratios for this loan
LTV= principal amount/ market value of your property.
what is a Loan ratio - Financial institutions utilize the Loan-to-Value Ratio (LTV) to determine the lending risk before approving a mortgage for the purchase of real estate.
26:10
Rental income will be $2,000 (verified only by leases)
The PITIA on the property is $2,350
The borrower has a gross monthly income of $5,760
monthly debt payments of $625.
Pitia refers to the following items: principal, interest, taxes, insurance, including hazard and flood insurance, as well as homeowners' association or condominium dues, although it excludes mortgage insurance charges.
Debt payment is the action of returning money you have borrowed. m making debt payments is difficult and a lot of people struggle to make their debt payments.
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A(n) _________ (or neutral fact-finding) can assist parties in a business dispute in which the issues are complex and the third party can then recommend a settlement as an attractive alternative.
When there are complicated problems involved in a business dispute, parties can benefit from mediation (or unbiased fact-finding), after which the third party can suggest a settlement as an appealing alternative.
What exactly does mediation entail?In a mediation, the parties meet with a third party who is neutral and objective and who helps them negotiate their disagreements.
What serves as the primary goal of mediation?Even if the parties to the disagreement are unable to come to an agreement, mediation will frequently "bring out" the true issues and improve communications, leading to a better working relationship.
What constitutes mediation's five steps?Stage 1: Introductory Statements.stage 2. Joint discussions Stage 3: Confidential Conversations.Stage 4: the negotiating phase.Stage 5: Settlement.Is mediation a good decision?When two parties desire to work together but require outside assistance to solve a current problem, mediation might be compared to relationship counseling. When the connection is particularly important to you, mediation can assist you in resolving a particular problem without harming the partnership as a whole.
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Which of the following statements is true of comparative negligence? Group of answer choices It allows a plaintiff to claim damages without establishing proximate causation and causation in fact. It requires a plaintiff and a defendant to settle their dispute through arbitration. It allows a plaintiff to claim only punitive damages but not actual damages. It compares a plaintiff's fault with a defendant's and reduces the damage award proportionally. It completely bars a plaintiff from recovering any damages.
The inference illustrates that the true statement about comparative intelligence is that it compares a plantiffs fault with a defendant's and reduces the damage award proportionally.
What is an inference?It should be noted that an inference simply means the conclusion that can be deduced from the information given.
In this case, the inference illustrates that the true statement about comparative intelligence is that it compares a plantiffs fault with a defendant's and reduces the damage award proportionally.
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The true statement about comparative negligence is D. It compares a plaintiff's fault with a defendant's and reduces the damage award proportionally.
What is comparative negligence?Comparative negligence is an attempt to distribute the liability arising from an incident between the plaintiff and the defendant according to their contributions.
This implies that the fault or negligence of each party involved is compared so that the liability arising thereon is based upon their respective contributions.
Thus, the true statement about comparative negligence is D. It compares a plaintiff's fault with a defendant's and reduces the damage award proportionally.
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in applying the standards of conduct set forth in the Code of Ethics, internal auditors are expected to compare them to standards of other professions
In applying the standards of conduct set forth in the Code of Ethics, internal auditors are expected not be unduly influenced by their own interests in forming judgments.
What is code of ethics?These are what guide the conduct of people or employees in an organization.
Code of ethics are guide of principles that are required to help professionals so that they can conduct their business with integrity.
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After refrigerant lines have been installed they should be evacuated to a(n) ____ vacuum
After refrigerant lines have been installed they should be evacuated to a(n) moderate vacuum.
Refrigerant lines are insulated copper wires that transport refrigerant between outdoor and indoor air conditioning or heat pump units. One line carries gaseous refrigerant and the other carries liquid refrigerant. It is an important part of the cooling system as it allows the condenser and coils to move and heat away from your home.
If you upgrade or replace your air conditioner or heat pump, you will need to replace the refrigerant lines. Do not attempt to reuse old refrigerant lines as the line sealant can wear out over time. When this happens, moisture can get in and mix with the coolant, causing damage to the internals of the system.
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An investment project costs $10,000 and has annual cash flows of $2,860 for six years. What is the discounted payback period if the discount rate is zero percent
The Discount rate is : Zero percent: payback in 3.49 years.
What is Discounted Payback Period?The discounted payback period (DPP) is a method applied in the capital budgeting process to determine the number of periods an investor has to wait to be compensated the initial cost of a project from the projected cash inflows. DPP recognizes the time value of money theory hence it is classified as a discounting method of capital budgeting. The future cash inflows are discounted to their present worth before the discounted payback period is computed.
Given:
Costs = $10,000
Annual cash flows = $2,860
n =6 years.
r =0%
Solution-
Discount rate is zero we are doing the payback period
[tex]Payback in Year =\frac{investment}{cash flow per year}[/tex]
[tex]10,000 / 2860 Per Year = 3.4965[/tex]
Therefore, we can conclude that The Discount rate is : Zero percent: payback in 3.49 years.
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A hypothetical interest rate whose only function is to compensate lenders for the opportunities they forgo by not having access to the loaned funds is called the ______.
An interest rate that is hypothetical and has the singular function of showing the returns that lenders forego when they don't have access to the loaned funds is pure rate of interest.
What is the pure rate of interest?The pure interest rate is a rate that is found in perfectly competitive markets and relates to foregone profit.
This rate might be hypothetical but it functions to show how much returns those who loan money would gain if they had access to the money they loaned to a loanee.
This rate is impractical however because it assumes a world where there is no risk which is simply not possible.
In conclusion, this is the pure rate of interest.
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Large dam projects are extremely costly and often benefit the wealth who invest in their construction, but they also create a lot of energy
Large dam projects are extremely costly and often benefit the wealth who invest in their construction, but they also create a lot of energy electricity, power, or energy that is carbon free.
What is Energy?Energy is referred to by scientists as the capacity for work. People have figured out how to transform energy from one form to another and then use it to accomplish tasks, making modern civilization possible. Walking and bicycling, driving cars on roads and boats through water, cooking meals on stoves, making ice in freezers, lighting our homes and workplaces, producing goods, and sending astronauts into space all require the usage of energy. Energy is capable of changing its forms. For instance, a person's body stores chemical energy from the food they consume until they may use it as kinetic energy when working or playing.When an energy source is designated as carbon-free, it means that it was created using a resource that emits no carbon dioxide, like nuclear power or huge hydropower plants.
Therefore, Large dams create a lot of energy electricity, power, or energy that is carbon free.
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Microeconomics looks at the ______
relationship between consumers and
producers and how this relationship affects the economy.
Answer:
economy
Explanation:
Microeconomics examines the economic relationship between producers and consumers and its impact on the economy.
Microeconomics refers to the study of decision-making by individuals and businesses, while macroeconomics focuses on the decisions made at the national and governmental levels.
As consumers require goods and services, producers aim to make a profit from providing them.
The economic choices are influenced by factors such as prices, demand, and supply. Ultimately, determining the cost of products and services is the responsibility of both parties involved.
The economy of a society is built on the creation of wealth through selling and purchasing. Producing and consuming are done by consumers and producers respectively. Therefore, the economic relationship is the correct answer.
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A monopolistically competitive firm is one:
A monopolistically competitive firm is one of many firms that produce slightly different but very similar goods
Exclusive competition occurs when there are many companies offering products that are similar but not identical to the industry. Unlike monopolies, these companies have little power to curb supply or raise prices to increase profits.
There are no barriers to entry in monopoly competition. Therefore, the market is competitive in the long run and companies make normal profits. In monopoly competition, companies are not price takers (fully elastic demand) because they produce differentiated products. Demand is inelastic.
In essence, a monopolistical competitive market is so called because while companies compete to some extent for the same customer group, each company's products are slightly different from all other companies products.
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The merger of media enterprises into powerful, synergistic combinations that can cross-market content on many different platforms is referred to as?
The merger of media enterprises into powerful, synergistic combinations that can cross-market content on many different platforms is referred to as industry convergence.
Industry convergence is based on the digital business principles. It represents the most fundamental opportunity of the growth for the organizations. Industry boundaries are redefined by the industry convergence as it shifts the focus from the single product to cross industry value experiences.
Industry convergence is such a powerful code which has been cracked by the world's most powerful companies.
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When raw materials are purchased on account for use in a process costing system, the corresponding journal entry that should be recorded will include: Multiple Choice A debit to Work in Process Inventory. A debit to Raw Materials Inventory. A credit to Cash. A credit to Raw Materials Inventory. A debit to Accounts Payable.
When raw materials are purchased on account for use in a process costing system, the corresponding journal entry that should be recorded will include: A debit to Raw Materials Inventory.
Raw materials, or primary raw materials, are the basic materials used in the production of commodities, final products, energy, or intermediate materials that are the starting materials for future final products.
Examples of products include steel, oil, corn, grains, gasoline, wood, forest resources, plastics, natural gas, coal and minerals. The raw material may be a direct raw material used directly in the manufacturing process, such as chair wood.
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As the director of HR, you are in a meeting with your corporate officers discussing the firm's deliberate use of personnel to gain a competitive edge in the marketplace. You are most likely discussing:
You are most likely discussing the general business environment in which your company must operate.
What is the general environment in business?The diversity of external elements that have an impact on an organization's performance and operation is known as the general environment, or macro-environment. These outside factors can decide whether a company encounters market opportunities or failures.
The overall environment can influence how a firm identifies itself, the products it sells, and how it interacts with other businesses and regulatory bodies. When performing market research and strategic analysis, businesses often consider the overall environment.
What are the six elements of the business environment?Sometimes, economic and legal aspects are combined to form five major components of the business environment. Political, economic, social, technological, legal, and environmental factors are the six components of the business environment.
What is the external business environment?Economic, political and legal, demographic, social, competitive, international, and technological sectors make up the external business environment. Managers need to be aware of how the environment is changing and how those changes are affecting the company.learn more about area(s) of the general external business environment:
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If the two countries were to specialize and trade with one another, which country would import airplanes?
The country that should import airplanes is country A.
Which country should import airplanes?The country that should import airplanes is the country that does not have a comparative advantage in the production of airplanes. A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
A country has a lower opportunity cost if it forgoes less quantity of an alternative product when producing another product.
Opportunity cost of country A in the production of airplanes: 8 million / 8 = 1 million
Opportunity cost of country B in the production of airplanes: 4 million / 6 = 670,000
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Answer:
A
Explanation:
its correct
A_____will warehouse products, pack and ship them, and send an automated email to customers to let them know that the product is on its way.
A company will warehouse products, pack and ship them, and send an automated email to customers to let them know that the product is on its way.
The corporation is co. Abbreviated as, a legal entity that is a group of people with a specific purpose, a mixture of nature, legal, or both. Members of the company have common goals and work together to achieve specific goals.
Industry is formed by a group of individuals to carry out and operate a commercial or industrial business. Companies may be organized in different ways for tax and financial liability purposes, depending on the company law of their jurisdiction.
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__________ is the requirement that every employee be able to perform the work of another employee.
Task rotation is the requirement that every employee be able to perform the work of another employee.
Task rotation can limit the repetitive strain a job task may place on an employee. Rotating to a different task for a period of time before returning to the original task can enable an employee to perform to their maximum capacity.
Task rotations in a work environment is necessary and a requirement as it broaden skills because it exposes employees to different functional areas of the company.
For instance, when a research and development employee rotates to a sales position, they learn more about building relationships with customers, understanding their needs and how the whole sales cycle works in a company.
Hence, task rotation is the requirement that every employee must be able to perform in the work environment.
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After a share exchange, one corporation (the _____ corporation) owns all the shares of the other corporation (the _____ corporation).
After a share exchange, one corporation (the parent corporation) owns all the shares of the other corporation (the subsidiary corporation).
A share exchange is where one or more shareholders exchange shares they hold in one company for shares in another company. So after a share exchange, one corporation suppose, the parent corporation owns all the shares of the other corporation, called the subsidiary corporation.
A parent corporation has subsidiaries, which are wholly or partially owned separate businesses controlled by the parent. On the other hand, a subsidiary corporation is a business that is owned by another corporation, either partially or entirely.
Hence, after a share exchange, one corporation owns all the shares of the other corporation.
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An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a salary of $50,000 per year represent the presence of social ______ within society.
An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a salary of $50,000 per year represent the presence of social inequality within society.
What is inequality?Inequality can be defined as the way in which income or wealth are not distributed equally in a society as some people earn more than others.
Hence, their is the presence of social inequality within a society if a investment banker earn $1 million a year, a food service worker makes minimum wage, and a teacher earn $50,000 per year.
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Shen Company reports the costs incurred below for the month ended May 31. The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 120% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-end. Prepare a schedule of cost of goods manufactured for the month.
Based on the costs incurred by Shen Company, the schedule of costs of goods sold for manufactured goods is:
Total
Direct materials used $6,300
Direct labor $4,390
Manufacturing overhead $7,560
Total cost $18,250
Beginning WIP $0
Add: Cost during year $18,250
Total manufacturing cost $18,250
Less; Ending WIP $(6,770)
Cost of goods manufactured $11,480
What goes into the schedule of cost of goods manufactured?Direct materials:
= 3,400 + 2,900
= $6,300
Direct labor:
= 4,000 + 390
= $4,390
Manufacturing overhead:
= 6,300 x 1.2
= $7,560
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The schedule of Cost of Goods Manufactured for May by Shen Company is as follows:
Cost of Goods Manufactured:Direct materials $3,400
Direct labor 4,000
Overhead applied 4,080 ($3,400 x 120%)
Total costs $11,480
What is the Cost of Goods Manufactured?The cost of goods manufactured includes the costs of direct materials, direct labor, and overhead applied.
The cost of goods manufactured is only for Job 4 and does not include the costs incurred for Job 5 which is still in process at month-end. Instead, the costs of Job 5 will be recorded as ending work in process.
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Company A, a public company, is planning to make a tender offer to acquire all of the shares of Company B, another public company, for cash. Company A is planning to offer a 30% premium to the market price of B's shares, based on the expected synergies of the deal. Why would Company A's board want to obtain a fairness opinion
"Company A, a public company, is planning to make a tender offer to acquire all of the shares of Company B, another public company, for cash. Company A is planning to..." Company A's board wants to obtain a fair opinion because the expected synergies in corporate combinations are hard-to-measure
This is further explained below.
What is a fair opinion?Generally, An evaluation of the facts surrounding a merger, acquisition, carve-out, spin-off, repurchase, or another sort of corporate transaction is called a fairness opinion.
In conclusion, "In order to buy all of Business B's shares for cash, Company A, a public company, plans to launch a tender offer. Company A intends to take action to..." The Board of Directors of Company A seeks a balanced view since the anticipated synergies of business mergers are difficult to quantify
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Data that has been collected for some other purpose than to answer the question at hand is called?
Data that has been collected for some other purpose than to answer the question at hand is called secondary data.
Secondary data is data collected for research that has been gathered previously and can be accessed by researchers.
The term also contrasts with primary data means the data which is data collected directly from its source.
Secondary data is always used to increase the sampling size of research studies.
Secondary data is also chosen for its efficiency and the speed that comes with using an already existing resource.
Secondary data helps in large research projects, in which different research groups work in teams to collect secondary data. The main researcher is then focuses on primary research or particular areas of interest.
Common sources of secondary data includes data collected by government public services departments, different libraries, websites over the internet and censuses.
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An employee concerned primarily with the seniority system, insurance plan, and retirement policy is motivated by:
An employee concerned primarily with the seniority system, insurance plan, and retirement policy is motivated by security needs.
A retirement policy is designed to help you manage your retirement and live a stress-free life. One such type is a retirement plan that helps you grow your money and provide a steady income for life.Such plans help secure retirement money while you are still working. increase.
A retirement benefit is a monetary or another incentive that a person collects after the termination of employment. Develop a payout plan while you are employed and collect a portion of your salary and contributions from your employer on a regular basis until retirement.
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Britney is selling her bungalow via an installment contract. The buyer made payments dutifully for five years, but has not made any payments for more than a year. Which of the following is true
"Britney is selling her bungalow via an installment contract. The buyer made payments dutifully for five years, but has not made any payments for more than a year." This is further explained below.
What is an installment contract.?Generally, A contract known as an installment purchase agreement is one that facilitates the financing of the purchase of assets.
In conclusion, Britney has the right to retain the whole of the money that was received and to reclaim the property.
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A manufacturer's raw-material purchasing department would likely be classified as a: Select one: a. investment center. b. cost center. c. profit center. d. contribution center. e. revenue center.
b. cost center
The department responsible for buying raw materials for a manufacturing would probably be categorized as a cost center.
What are cost centers and how do they differ?There are primarily two categories of cost centers: centers for production costs, where goods are made or processed. An assembly area is an illustration of this. Cost centers for services, where goods and services are delivered to other cost centers. The canteen or the personnel office are two examples of this.
What sort of thing would be a cost center?The accounting, human resources, IT, maintenance, and research and development departments are a few examples of cost centers. In comparison to a department, a cost center can be defined at a lower level. It might have to do with a certain machine, manufacturing line, or work role.
Why is a cost center created?Cost centers' main duty is to maintain a record of the costs incurred. The managers or other high-level officials are tasked with keeping expenditures in line with the allotted budget; they are not responsible for the use of the earnings that are earned.
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Because a decrease in real autonomous spending results in a ________ in the price level, the ultimate effect on real gdp is ________ that predicted by the multiplier.
Because a decrease in real autonomous spending results in a fall in the price level, the ultimate effect on real GDP is smaller that predicted by the multiplier.
Another significant discovery is made by Keynesian economics. You've learnt that Keynesians think fluctuations in total spending are what ultimately determine the level of economic activity in the short run (or aggregate demand).
Assume that full employment prevails in an economy because the macro equilibrium occurs at the potential GDP.
Keynes noted that even while the economy starts at potential GDP, it is improbable that it will stay there because aggregate demand has a propensity to fluctuate.
In 2007, the collapse of the housing market caused a decline in U.S. investment spending. The Great Recession subsequently hit the American economy as a result.
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In order to win a contract from Mexico, QVB Autos Manufacturing must make 65% of the component parts for their automobiles in Mexico. This is an example of a Blank______.Multiple choice question.local distribution requirementlocal content requirementinternational content requirementlocal supplier requirement
The correct answer is Option B.
In order to win a contract from Mexico, QVB Autos Manufacturing must make 65% of the component parts for their automobiles in Mexico. This is an example of local content requirement.
What is Local Content Requirement?Government rules known as "local content standards" force businesses to function in economies that rely on domestically produced goods and services. The usage of these indicators has significantly increased in recent years as governments attempt to accomplish a number of policy goals that focus on employment, industrial, and technological development goals. LCRs still play a considerable role in policy today despite the long-standing and overwhelmingly unfavorable evidence of their effects on economic development and trade.More than 340 localization initiatives, including over 145 new local content mandates, have been implemented by governments since the financial crisis a decade ago, primarily in an effort to boost domestic employment and industrial performance.
Therefore, the situation given in the question is an example of local content requirement.
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XYZ Development has just purchased a large tract of land that it plans to develop into 50 one-acre building lots. To have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain
To have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain a blanket mortgage.
What is a blanket mortgage?A blanket mortgage is a single mortgage that covers many properties and serves as security for the loan. Real estate developers and larger investors frequently purchase multiple properties at once, thus a blanket mortgage allows them to consolidate such deals into a single loan.Consider the money you'd save on closing fees, both for the original mortgage and any subsequent refinances. Refinancing from numerous loans to a single blanket mortgage may also result in lower monthly payments, which may increase your cash flow.Therefore, to have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain a blanket mortgage.
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1. the opening bank balance is: 2. the opening book balance is: 3. the interest earned ($28) is a reconciling item to: 4. the deposits in transit are a minus to the bank's opening balance of $82,500? 5. the error in check 1115 should be recognized as a reconciling item to the: 6. the "credit memorandum" ($18,000) and the corresponding "collection fee" is a reconciling item for: 7. the ending bank balance is: 8. the ending book balance is: 9. the journal entry to record the $300 error to check 1115 includes: 10. the journal entry to record the $18,000 credit memorandum is:
The bank reconciliation statement based on the information given about the journal will be illustrated below.
How to illustrate the bank reconciliation statement?The bank reconciliation statement will be:
Bank balance= $82500
Add deposit that doesn't appear in bank = $41750
Less: Outstanding checks = $11317
Adjusted book balance = $112933
Books
Book balance = $95250
Add: Cash collected by bank = $18000
Add interest earned = $28
Less: Collection free deducted by bank = $45
Less: Correction of error in check $300
Adjusted book balance = $112933
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If 100 mexican pesos could buy $1.00 u.s. dollar in 2006 and $.87 u.s. dollars in 2010, then:________.
The dollar have strengthened against the Mexican pesos, If the same amount of Mexican pesos are available for lesser dollar then this means that the Dollar have increased worth or the Mexican pesos worth is decreased.
What is exchange rate?An exchange rate is a rate at which a currency can be translated into some other currency, generally a currency is considered strong when a small amount of that currency can buy a large amount of the other currency.
The Mexican pesos are 100 for the exchange of 1 USD which means that the dollar is a strong currency. But this is not just the case in fact the Mexican pesos in 2010 can only be exchanged for a 0.87 USD which suggests that the Mexican pesos worth is decreased.
There are countries in the world whose currency is so low and they exchange large amounts for a single USD.
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The purpose of a responsibility accounting system is to provide information to: (Check all that apply.)
The purpose of a responsibility accounting system is to provide information to:
Evaluate a manager's performanceAssign cost and expenses to the manager's responsible for controlling themResponsible accounting is a type of management accounting that is responsible for the overall management, budgeting, and internal accounting of a company. The main goal of this accounting system is to support all planning, calculation, and responsibility centers of the company.
Therefore, accountability is based on the basic principle that managers are only responsible for the actions they control. Responsible accounting follows the basic principles of cost management systems such as budget control and standard costing.
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