alan Associates prepared its financial statement for 2017 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables worth $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have

Answer:

c

Explanation:

The more efficiently a company is using its assets the higher the fixed asset turnover. Thus the correct answer is C.

An asset is considered as a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly.

This refers to owning the business to carry functioning in nature. It is both fixed and current assets. Fixed assets include buildings, machinery, land, and so on whereas current asset includes debtors, bill receivables, and so on.

To determine the efficiency of assets used in any organization to generate revenue use of asset turnover ratio is done. It states that the greater the asset turnover ratio the revenue will be received by the assets.

Therefore, option C  the higher the fixed asset turnover is appropriate.

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Answer:

$1,800

Explanation:

Calculation to determine Jensen's gross income for the year

Using this formula

Gross income for the year=Fair rent value +Cash found

Let plug in the formula

Gross income for the year=$1,400+$400

Gross income for the year=$1,800

Therefore Jensen's gross income for the year is $1,800

Answer:

d. 44%

Explanation:

Calculation to determine what DTI ratio is

First step is to calculate the Debt

Using this formula

Debt = (Rent expense + Carr payment + Loan + Credit card payment) × Number of months in a year

Let plug in the formula

Debt =[($695 + $265 + $200 $160) × 12 months]

Debt= $1,320 × 12 months

Debt = $15,840

Now let calculate DTI ratio using this formula

Using this formula

Debt to income ratio = (Debt) ÷ (Income) × 100

Let plug in the formula

DTI ratio=[ ($15,840 ÷ $36,000) × 100]

DTI ratio=0.44*100

DTI ratio= 44%

Therefore DTI ratio is 44%

Answer:

I found the missing data:

Monthly expenses:  

rent is $695

car payment is $265

student loan's $200

credit cards $160

695 + 265 + 200 + 160 = 1,320

1,320 * 12 months = 15,840

Debt-to-Income ratio = 15,840 / 36,000

Debt-to-Income ratio = 0.44

Trudy's DTI ratio is d. 44%

Explanation:

All credit to BlueSky06 for this answer.

Answer:

can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals

Explanation:

A resource-based strategy is a form of the technique used by business managers to efficiently utilized the existing and valuable resources of the firm. These resources would be difficult to come by for the competitors such that it is hard for competitors to replicate. Thereby leading a sustainable or long term competitive advantage to the firm

Hence, in this case, the correct answer is A resource-based strategy "can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals."

Answer:

1,140 units

Explanation:

Note : The question requires us to use the weighted-average method. This method focuses on equivalent units of completed units and units still in process only.

Step 1 : Determine units completed and transferred

Units Completed = Beginning units + Units Started - Ending units

                              = 200 + 1,000 - 100

                              = 1,100 units

Step 2 : Calculate equivalent units of production with respect to conversion costs

Completed and transferred (1,100 x 100%)         1,100

Ending units (100 x 40%)                                         40

Total equivalent units of conversion costs         1,140

thus,

the equivalent units of productions for the period (using the weighted-average method) for conversion is 1,140 units.

Answer: D. Would government regulations significantly impede​ Vytel's ability to make​ profits?

Explanation:

The challenge to doing business in the country is that there are barriers to entry which are most probably government regulations.

The opportunity however is that there is a demand for Vytel's products and services which means that there is a chance to make profits.

The question the consulting firm should be asking therefore is if the profits that could be made could be impacted by the government regulations so significantly that there would be no benefits.

Hello there! A complete answer is below!

Answer:

A. Interest rates would decrease because real estate would have a relatively lower rate of return compared to​ bonds, which would cause the demand for bonds to increase.

Explanation:

Interest rates would decrease because companies would realize customers aren't buying anymore. Due to low business and little profit, they would be forced to cut prices. There would be a sharp rate of returns rather than bonds. This would cause the rate of bonds to decrease. So, the answer is A.

Answer:

$4872.48

Explanation:

future value = amount x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

r = 4% - 3% = 1%

1200 x [(1.01)^4 - 1] / 0.01 = $4872.48

Answer: $152

Explanation:

Imprest system simply refers to a form of accounting whereby there's a fixed amount that is maintained throughout the period. In such case, the opening balance and the closing account balance will remain the same.

In such system, a fixed amount is reserved, such that the money that was spent, will be replenished after a period of time. Therefore, since the spent $152, then the same amount will be replenished.

The question is incomplete. The complete question is :

The Jackson family is undecided about whether or not to buy a new car. If the probability is .9 that they will buy one, and if the probability is .3 that they will buy a Ford, and if the probability is .4 that they will purchase a car getting more than 20 miles per gallon, what is the probability that they will buy either a car getting more than 20 miles per gallon or a Ford, if all Fords get more than 20 miles per gallon?

Solution :

Given that :

The probability of buying a new car,  [tex]P(NC) = 0.9[/tex]

Probability of buying Ford = 0.3

That is, if Jackson family buy a car that is a ford car, [tex]$P(F) = 0.9 \times 0.3$[/tex]

                                                                                                = 0.27

The probability for getting more than 20 miles per gallon = 0.4

That is if Jackson family buy a car that have more than 20 miles per gallon mileage, [tex]$P(20) = 0. 9 \times0.4=0.36$[/tex]

The conditions

All of the car have more than 20 miles per gallon mileage.

It means that buying a ford car is subset of getting more than 20 miles per gallon.

[tex]$P(20 \text{ miles per gallon}\ \cap \ \text{Ford})=P(F)$[/tex]

Therefore, the probability of buying a car either getting more than 20 miles per gallon or ford = [tex]$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})$[/tex]

Therefore,

[tex]$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(20 \text{ miles per gallon }\cap \ \text{Ford})$[/tex]

[tex]$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(F)$[/tex]

[tex]$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) $[/tex]

                                                = 0.36

Thus the probability that Jackson family is buying a car either getting more than 20 miles per gallon or ford is 0.36

Answer:

the owner of the house would need to characterize the tenant as a licensee.

Explanation:

A licensee is a person that occupies a house but is not a tenant, therefore, he/she is not protected by the same laws that protect tenants. For example, a friend that stays in your house is considered a licensee or someone that stays in a hotel or lodge is also a licensee.

Answer:

The attorney will most likely lose if he sues for false imprisonment

Explanation:

False imprisonment is also called unlawful imprisonment. It is the act of confining a person to an area without legal authority, justification, or consent of the person that is restrained.

In the given scenario the attorney was informed that he office will be locked by 5 am. If he was staying longer he should have informed the security.

Also the security guard did not intentionally lock him in as she was not aware he was present.

For one to be guilty of false imprisonment these three conditions should be met:

- an act that confines a person to a particular area

- intention of confining the person

- causation

These conditions were not met in this case.

Answer:

3

Explanation:

They are a big risk to the business

Answer:

The third one

Explanation:

Answer:

finite and take millions of years to replenish

Explanation:

Oil reserves can be regarded as a the amount of crude oil which can be recovered technically at a cost which is feasible financially as regards present price of oil. Therefore, there will always be change in reserve with the price, compare with oil resources, that encompass all oil which can be technically recovered at any price.

Oil reserves can also be explained as estimate amount of crude oil that is been located in a particular economic region. oil reserves always posses potential of being extracted through current technological constraints. Calculations of Reserves based on a proven/probable basis, which means that oil pools which is situated in unattainable depths, cannot be said to be part of a nation's reserves. It should be noted that Oil reserves buried deep underground are finite and take millions of years to replenish

Answer:

15.83%

Explanation:

Calculation to determine is the standard deviation of the returns on Kurt’s Adventures, Inc. stock

First step is to determine l E(r)

E(r) = (.30 *.30) + (.55 *.12) + (.15 *-.20)

E(r)= .09 + .066 -.03

E(r)= .126

Second step is to determine Var

Var = .30 *(.30 -.126)^2 + .55 *(.12 -.126)^2 + .15 *(-.20 -.126)

Var=0090828 +.0000198 + .0159414

Var= .025044

Now let determine the Std dev

Std dev = √.025044 = .15825

Std dev= 15.83 percent

Therefore the standard deviation of the returns on Kurt’s Adventures, Inc. stock.is 15.83 percent

Answer:

Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C

Explanation:

Answer:

The answer is "[tex]\$6,000[/tex]".

Explanation:

Please find the complete question in the attached file.

We take her automobile value [tex](\$15,000)[/tex] to reach this result and reduce it [tex](\$15,000 - \$9,000)[/tex]. That's a [tex]\$6,000[/tex] equity, that's why Theresa has a capital of[tex]\$6,000[/tex].

Answer:

A

Explanation:

A country gains from trade if it specialises in the production of the good for which it has a comparative advantage

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

Answer:

Forward channel ally

Explanation:

The distribution channel is made up of a network of different players that help in movement a good from the manufacturer to the final consumer.

It is made up of suppliers, middle men, shipping agents, wholesalers, and retailers.

Forward channel ally are the next steps in the distribution channel.

In this instance it is the shipping agent that is supposed to transfer the goods to the wholesalers.

Heavyweight, Inc experiencing disappointing financial results due to the costs associated with shipping its products to wholesalers is a example of forward channel ally cost disadvantage

Answer:

c

Explanation:

Answer:

refers to how a cost will change as activity level changes

Explanation:

Cost behaviour is defines as how a business's expenses will change as a result of changes in its activities.

Business managers need to consider activities that may lead to spike or decline in the in expenses.

This will lead a robust annual budget that meets the cost need of the business.

Cost behaviour is divided into 3:

- variable costs that vary directly with changes in business activities. For example direct material cost.

- fixed costs that do not change as business activity changes. For example rent

- mixed costs have a mixture of variable and fixed costs. For example cell phone service that has a fixed charge monthly and also a variable charge for texting

It should be noted that Cost behavior refers to how a cost will change as activity level changes.

Cost behavior can be regarded as the indicator which shows the way a cost will change in total with respect to change in some activity.

Therefore, Cost behavior refers to how a cost will change as activity level changes.

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Answer:

The answer is below

Explanation:

Considering the available options, the true statement about the Articles of Confederation are the following:

1. The Articles of Confederation established a weak central government for the United States.

2. Under the Articles of Confederation, the states had more power than the national government.

3. Under the Articles of Confederation, the national government did not receive the power to levy (impose taxes) on citizens.

Answer: April 2024

Explanation:

Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.

It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.

Answer: E. Behavioristic characteristics

Explanation:

Cocoa is dividing its customers based on their buying behavior which means that it is using the behavioristic characteristics of the customers to decide how it will charge them prices.

For instance, Cocoa might charge a larger price to the customers that buy its product rarely but but spend in large amounts compared to those who are always buying as a way to reward the constant nature of the latter's patronage.

Answer:

Eskom is the electricity provider of South Africa and is a monopoly because it is the only company allowed to provide power.

The disadvantages of Eskom being a monopoly are:

1. Higher prices for Customers

Because Eskom is a monopoly and does not compete with other utility companies, it can charge higher prices as there is no alternative.

2. Less Productive efficiency.

There is no competition so Eskom does not see the need to become more efficient and produce electricity better because they don't have to compete with anyone to improve their efficiency so that customers are not taken from them.

3. Less willingness to cut costs

Eskom might have high costs which makes it expensive to run but they won't bother cutting these costs because as the only provider, there is no need to cut costs to improve profitability if you can just increase prices instead.

4. Less incentive to invest in new technology

Again there is no need to compete so Eskom will not see much of a need to invest in technology which would give it an edge over competitors because there simply aren't any competitors.

5. Consumers have less choice.

Eskom is the only producer so South Africans can't simply switch to another provider. They have no choice but to accept Eskom.

Answer:

avoid supplier delivery problem

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

A penalty clause can be defined as an express provision in a contractual agreement which places an obligation or penalty such as a forfeit or fine, upon the party who has breached a contract by providing compensation to the victim or aggrieved party.

Hence, the purpose of penalty clauses in purchasing agreements is to avoid supplier delivery problem between the producers, wholesaler, retailer and consumers or buyers and sellers.

Answer:

See the journal entries below.

Explanation:

The journal entry will look as follows:

Date      Account and explanation                 Debit ($)         Credit ($)  

Aug 6     Inventory (50 * $100)                           5,000  

               Account payable                                                           5,000

              (To record inventory purchased on account.)                            

Aug 7      Inventory                                                 300

               Cash                                                                                  300

               (To record payment of freight charges associated with the August 6 purchase.)

Aug 10    Account payable (5 * $100)                   500

               Inventory                                                                           500

               (To record the returns of defective five game devices to GameGirl.)

Aug 14     Account payable (w.1)                        4,500

               Cash (balancing figure)                                                 4,455

                Inventory (w.2)                                                                   45

                (To record the payment of the full amount due to GameGirl.)   

Aug 23    Account receivable (30 * $120)         3,600  

               Sales revenue                                                              3,600

                Cost of goods sold                             3,170

                Inventory                                                                       3170

                (To record the Sales and cost of 30 game devices purchased on August 6.)

Workings:

w.1. Account payable = Purchases on account on August 6 - Defective inventory returned on August 10 = $5,000 - $500 = $4,500

w.2. Inventory = Discount received on account payable for paying within 10 days = w.1 * 1% = $4,500 * 1% =$45

Answer:

b. supply of dollars in the market for foreign-currency exchange shifts left

Explanation:

In the case when the expected return on the US assets should be rise while keeping other things constant so it reduced the dollar supply because the investors in US would begins switching the international investment to the domestic due to this it reduced the supply. This cause to shifting the supply curve to the left

Therefore the option b is correct

Answer:

Cash; account receivable

Explanation:

The journal entry to reestablish an account previously written off is given below:

Cash Dr XXXXX

   To account receivable XXXXX

(being the reestablish an account previously written off is recorded)

Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets

Answer:

c. brand insistence

Explanation:

Since in the given situation it is mentioned that the 83% of the loyal customers could not find the bonbon products at local stores so they will ordered online instead of purchasing the substitute goods as in the brand insistence refer the stage of the brand loyalty where the purchase would accept no alternatives and they will search for the particular brand only