Deanne is a vocal critic of socialism. She likes to point out that in recent years the governments in many socialistic nations have cut back on government services and have reduced taxes. Deanne believes that this trend will ultimately result in all nations adopting pure capitalistic ideals. Recent evidence suggests that Deanne's views are essentially correct.

a. True
b. False

Answers

Answer 1

Answer: False

Explanation:

Socialism is a theory that posits that production, and distribution, of goods and services should be in charge of the government. This is quite different from capitalism which advocates for the individuals to be in charge.

Even though it is true that governments of many socialistic nations have cut back on government services and have reduced taxes, this doesn't mean that all nations are adopting pure capitalistic ideals according to Deanne.

She's incorrect because there are still some elements of socialism and government interference, hence, such economies are regarded as mixed economies as they've attributes of both capitalism and socialism.

Deanne's observations is untrue as government involvement in free market economies is being ignored by her.


Related Questions

Indicate the effects of the following business transactions on the accounting equation for Sam's Snack Foods, a supplier of snack foods.
Transaction (a) is answered as a guide. a. Sam s Snack Foods received cash from the issuance of common stock to stockholders. Answer: Increase asset (Cash); Increase equity (Common Stock)
b. Cash purchase of land for a building site.
c. Paid cash on accounts payable.
d. Purchased equipment; signed a note payable.
e. Performed service for a customer on account.
f. Employees worked for the week but will be paid next Tuesday.
g. Received cash from a customer on accounts receivable.
h. Borrowed money from the bank.
i. Cash dividends paid to stockholders.
j. Incurred utilities expense on account.

Answers

Answer:

a. Sam s Snack Foods received cash from the issuance of common stock to stockholders.

Increase asset (Cash); Increase equity (Common Stock)

b. Cash purchase of land for a building site.

Decrease current asset (Cash); Increase non-current asset (Land)

c. Paid cash on accounts payable.

Decrease asset (Cash); Decrease liabilities (Accounts payable)

d. Purchased equipment; signed a note payable.

Increase non-current asset (Equipment); Increase long term liabilities (Notes payable)

e. Performed service for a customer on account.

Increase asset (Accounts receivable); Increase equity (Retained earnings)

f. Employees worked for the week but will be paid next Tuesday.

Increase liabilities (Wages payable); Decrease equity (Retained earnings)

g. Received cash from a customer on accounts receivable.

Increase asset (Cash); Decrease asset (Accounts receivable)

h. Borrowed money from the bank.

Increase asset (Cash); Increase liability (Notes payable)

i. Cash dividends paid to stockholders.

Decrease asset (Cash); Decrease equity (Retained earnings)

j. Incurred utilities expense on account.

Increase liabilities (Accounts payable); Decrease equity (Retained earnings)

Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $3,900 and sell its old washer for $1,200. The new washer will last for 6 years and save $1,100 a year in expenses. The opportunity cost of capital is 19%, and the firm’s tax rate is 21%.
a. If the firm uses straight-line depreciation over a 6-year life, what are the cash flows of the project in years 0 to 6? The new washer will have zero salvage value after 6 years, and the old washer is fully depreciated. (Negative amounts should be indicated by a minus sign.)
b. What is project NPV? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
c. What is NPV if the firm investment is entitled to immediate 100% bonus depreciation? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answers

Answer:

Cashflow

Yearo zero ($2,700)

from 1st to 6th: +$1,005.5

Net Present Value: $728.53

If bonus depreciation then:

Net Present Value:  $916.04

Explanation:

Cash Flow

Year zero:

-3,900 purchase of new machine

+ 1,200 sale from old machine

 -2,700

Years 1 through 6:

1,100 savings x (1 - 21% tax rate) = 869.0

depreciation

3,900 / 6 = 650

tax-shield on depreciation: 650 x 21% = 136.5

total cash-flow:

869 cost savings + 136.5 lesser taxes = 1005.5

We now solve for the Net present value we discount the cashflow at 19% which is the cost of capital and compare agaisn the year zero outflow:

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 1,005.50

time 6

rate 0.19

[tex]1005.5 \times \frac{1-(1+0.19)^{-6} }{0.19} = PV\\[/tex]

PV $3,428.5310

- $2,700 + $3,428.53 = $728.53

If bonus depreciation scenario:

at year 1 the entire equipment is depreciate

giving a tax shield of:

3,700 x 21%= 777

This will be discounted one year as the depreciation bonus which lowers taxes occurs at year-end:

777 / 1.19 = 652.94117647

Then, we solve for the present value of the cost savings only as the depreciations do not occur:

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 869.00

time 6

rate 0.19

[tex]869 \times \frac{1-(1+0.19)^{-6} }{0.19} = PV\\[/tex]

PV $2,963.0964

So we have:

-  2,700      year zero cash outflow

+    652.94 present value of bonus depreciation

+ 2,963.10 present value of the cost savings

     916.04 net present value

A new client of yours is age 25, with limited investing experience. You have guided him when making his initial investments based on his investment objectives, risk tolerance, financial resources and financial needs. He has just returned from a long vacation, where he tells you that while on the airplanes, he has read 2 investing books and now wants to manage his account without your input. This is an example of:

Answers

Answer: Overconfidence

Explanation:

Becoming an Investment advisor is no easy feat. In most cases one would have to go through rigorous training in college after which they will probably have to get additional certification which may require more training.

All this is done to ensure that the client's money is as safe as possible in the hands of the investment advisor while they attempt to grow it. To think that after reading just 2 books on investing, one can become so good that they can manage their own investment is simply overconfidence.

Even if they were blessed with an IQ higher than Einstein, 2 books is not enough to get the requisite knowledge required. If being an investment advisor was so easy, more people would be allowed to do it.

To avoid accepting projects that actually should be rejected, a company should ignore intangible benefits in calculating net present value.

a. True

b. False

Answers

Answer:

false

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Monetary amounts should be allocated to intangible benefits and incorporated into the calculation of NPV

Tadashi's uncle passed away and left him a Realty Experts franchise. Tadashi is not a licensed agent or broker, nor does he know the first thing about the real estate business. He plans to sell his Realty Experts franchise to his friend Devonte, who recently got his real estate license. One of the advantages of owning a franchise is that you can decide to sell out to anyone you think is suitable for the business.
a. True
b. False

Answers

Answer:

b. False

Explanation:

Since in the question it is mentioned that Uncle has passed away and the franchise of realty experts had left him also tadashi is not a license agent or broker or neither he had any idea related to the real estate business so he decided to sell this franchise to his friend Devenote who has already license

So as per the given situation, it should not be sold as the permission is required from the parent company to sell off this franchise

Therefore the given statement is false

Dellroy Rentals Company faced the following situations. Journalize the adjusting entry needed at December 31, 2016, for each situations. Consider each fact seperately.
a. The business has interest expense of $3,200 that it must oay early in January 2017.
b. Interest revenue of $4,100 has been earned but not yet recieved.
c. On Huky 1, 2016, when the business colected $12,000 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying gor two years' rent.
d. Salary expense is $6,100 per day--Monday through friday--and the business pays employees each friday. This year, December 31 falls on a Thursday.
e. The adjusted balance of the Supplies account is $3,200. The total cost of supplies on hand is $1,300.
f. Equipment was purcashed on January 1 of this year at a cost of $180,000. The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipments book value.

Answers

Answer:

Journal entries are given below

Equipments book value = $144,000

Explanation:

We can journalize each situation by debiting the expenses, assets, and by crediting liabilities, capital, and income given in the situation.

A. To record Interest Expense Payable in January

                                        DEBIT      CREDIT

Interest Expense           $3,200  

Interest Payable                               $3,200

b. To record Interest Revenue Earned but not Received

                                        DEBIT      CREDIT

Interest Receivable       $4,100  

Interest Revenue                             $4,100

 

c. To recognize Unearned Rent Revenue for the Period July to December

                                                  DEBIT      CREDIT

Unearned Rent Revenue       $3,000

(12,000*1/2*6/12)  

Rent Revenue                                             $3,000

d. To record Salary due for 4 days from Monday to Thursday

                                        DEBIT      CREDIT

Salary Expense             $24,400

(6,100*4)

Salary Payable                                  $24,400

e. To recognize the Supplies Expense at year end

                                        DEBIT      CREDIT

Supplies Expense         $1,900

(3,200 - 1,300)

Supplies                                            $1,900

f. To record depreciation for the current year

                                              DEBIT      CREDIT

Depreciation Expense       $36,000

(180,000/5)  

Accumulated Depreciation                   $36,000

Equipments book value = Cost of Equipment - Depreciation

Equipments book value = 180,000 - 36,000

Equipments book value = $144,000

What is the difference between brainwashing and an argument?

Answers

Answer:

In essence, brainwashing is when you want and have a steong will to make someone believe what you believe and you think its the only way they can believe. Ann argument, on the other hand, is and shoukd be based off of facts and not false statements.

The difference between brainwashing and an argument is brainwashing involves manipulating someone with facts and information whereas an argument involves conversation to prove your point.

What causes an argument?

When situations when two individuals involved in a conversation share differences of opinions it causes disagreement between them and creates arguments in order to prove them stronger.

The terms brain washing means manipulating someone by giving information and influencing them with your point of view so they will also perform an action in the way in which you want them to do.

In manipulation, the new information is introduced with a lack of reasoning whereas in an argument there is the presence of information and data where individuals put their opinions based on their understanding.

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In February, Katie Long formed KL Company Inc. Transactions for the month of March have been posted to the T accounts. An intern has prepared a trial balance from the T accounts, but there seem to be some errors.T accountsCashBal. 8,000 3/3: 2,300 3/25: 7,575 3/27: 1,300 3/28: 7,000 3/29: 3,575 3/30: 8,125 3/31: 1,875 Accounts ReceivableBal. 1,950 3/18: 10,025 3/30: 8,125 SuppliesBal. 225 3/7: 1,450 Office Equipment3/2: 19,000 Accounts Payable3/27: 1,300 Bal.: 1,250 3/7: 1,450 Notes Payable 3/2: 19,000 Common Stock Bal.: 7,500 3/28: 7,000 Retained Earnings Bal.: 1,425 Dividends3/31: 1,875 Fees Earned 3/18: 10,025 3/25: 7,575 Rent Expense3/3: 2,300 Wages Expense3/29: 3,575 Required:TransactionDescriptions of the transactions for the month of March are provided in the following table. Each of the transactions that follow has been posted to the T accounts. Referring to the T accounts, select the date on which each transaction occurred, enter the amount of the transaction, and select the account to debit and credit.

Answers

Answer:

I have attached the answer as well as the rest of the question showing the format for the table.

Looking at the T-accounts, I used the dates to match the transactions between for the accounts to be debited and those to be credited.

For instance, the 25th of March showed a debit in the cash account of $7,425, the corresponding date and figure could be found in the Fees earned account as a credit so the cash account will be debited and the fees account credited.  

In your company's management development program, there was a heated discussion between

some people who claimed, "Theory is impractical and thus no good," and others who claimed,

"Good theory is the most practical approach to problems." What position would you take and

why?​

Answers

Answer:

The most sensible position is to understand that theory, while not practical in itself, can be immensely helpful when dealing with pratical matters.

This is because theory gives you a sound conceptual foundation that can be used to analyze the practical context, and approach it with the best possible practical solutions.

Without theory, managers have to rely too much on intuition, which can often fail.

Fill in the blanks to complete the sentence about the law of increasing opportunity cost. Drag word(s) below to fill in the blank(s) in the passage. According to the law of increasing opportunity cost, as a society______more and more of a certain good, further production_______ involve ever-greater opportunity costs, so that producing the good is associated with greater and greater________

Answers

Answer and Explanation:

The law of increasing opportunity cost refers to the law in which the way of increasing the opportunity cost described at that case when there are applied resources

Now

If the cost of opportunity rises as per the law, the society produced more and more goods i.e. certain further the production rises and also involved the ever greater cost of opportunity with greater and greater trade offs or opportunity cost

At which stage of defining requirements are tools for analyzing strengths, weaknesses, opportunities, and threats useful?

Answers

Answer: Interview and observe staff

Explanation:

At the interview and observe staff stage of defining requirements, the tools for analyzing strengths, weaknesses, opportunities, and threats are useful.

It should be noted that the strengths, weaknesses, opportunities, and threats which is usually referred to as SWOT analysis is simply a framework used to assessing potential and also developing strategies that'll be useful to tackle a specific problem.

The primary goal of a financial manager of a corporation is:______.
a. maximize market share.
b. maximize the owner's wealth.
c. increase sales and profit.
d. have healthy cash flow.

Answers

Answer:

B

Explanation:

Which of the following are correct descriptions of large corporations? a) Managers no langer have the incentive to act in their own interests. b) The corporation survives even f managers are dismissed c) Shareholders can sell their holdings without disrupting the business d) Corporations, unlike sole proprietorships, do not pay tax: instead, shareholders are taxed on any dividends they receive.

Answers

Answer:

b) The corporation survives even if managers are dismissed.

c) Shareholders can sell their holdings without disrupting the business.

Explanation:

The above statements are correct descriptions of large corporations if consider;

1. A corporation is viewed as a legal entity, and so is believed to exist (survive) even if those who manage the corporation are dismissed.

2. Put simply, a shareholder holds some owns certain decision rights of a  corporation, thus, the shareholder can decide to sell their holdings to an interested party. However, the business would not be disrupted, as only the holdings of a particular shareholder were sold, and the new shareholder would normally want the best interest of the company that's why he made the deal.  

Productivity is expressed as:________ A. output plus input B. output minus input C. output times input D. output divided by input E. input divided by output

Answers

Answer:

D. Output divided by input

Explanation:

Productivity refers to how factors of production such as rent , land, labor and capital are combined efficiently to produce certain output in an economy. It is usually measured as output ratio divided by input ratio.

In other words, productivity means output gotten as a result of inputs added or given. For example, if 10 oranges are used to produce 3 litres of orange juice, then the productivity is the 3 litres of orange juice. However, if same number of oranges is used to produce say 4 litres of orange juice, we can safely say that the person who produces 4 litres of orange juice is more productive.

We can see here that productivity is expressed as: D. output divided by input

What is Productivity?

Productivity is a measure of the efficiency or output of a process, system, or individual in relation to the inputs or resources used. It quantifies the relationship between the amount of output produced and the resources, such as labor, capital, time, or materials, that were required to produce that output.

Productivity can be measured in various ways depending on the context. For example, labor productivity measures the output per worker or per hour worked, while total factor productivity considers the combined contributions of multiple inputs, such as labor and capital.

The formula for productivity is:

Productivity = Output / Input

Therefore, option D. "output divided by input," correctly represents how productivity is expressed.

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Direct incentives are designed to induce changes in behavior. Indirect incentives change behavior in ways that were not intended. Identify each item as an example of a direct or an indirect incentive.a. Car alarms to discourage break-ins b. Raising corporate income tax rates leads to fewer new businesses c. Frequent-flier points to increase customer loyalty d. Government-funded debt relief for college graduates leads to more student-loan debt

Answers

Answer and Explanation:

The Direct incentive is the incentive that has an instant impact on the users of the resources and the returns to the investments are directly influenced

On the other hand, the indirect incentives have an indirect impact for changing overall conditions of the framework

Therefore the categorization is as follows

For direct incentive

1. car alarms

2. Frequent filter points

For indirect incentive

1. raising corporate income

2.Government-funded debt

The matching is as follows:

The following information should be relevant:

The Direct incentive refers to the incentive that has an instant effect on the users of the resources and the returns to the investments are directly impacted.  While On the other hand, the indirect incentives have an indirect impact for changing total framework conditions  

So, the categorization is as follows

For direct incentive

1. car alarms

2. Frequent filter points

For indirect incentive

1. raising corporate income

2.Government-funded debt

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line of customers waiting to pay. The first customer asks you for directions to the airport.
It is busy, and you are the only one on the shift. You have
What do you do?
А
Treat all customers the same. Provide the customer with quick directions even though there are others waiting in line.
B
Ask the customer to please wait a few minutes until you check out the remaining customers. Then provide the directions.
с
Ask the other customers in line if they know how to get to the airport and ask them to help the customer. This way you can focus on
checking out the remaining customers.
D
Sell the customer a map so that he can find his way to the airport,

Answers

Answer:

the answer is a

Explanation:

because all you have to do is just give them some quick directions and then move on to the rest of the customers but treat them all the same

D. Sell the customer a map so that he can find his way to the airport

In February, Katie Long formed KL Company Inc. Transactions for the month of March have been posted to the T accounts. An intern has prepared a trial balance from the T accounts, but there seem to be some errors.T accountsCashBal. 8,000 3/3: 2,300 3/25: 7,575 3/27: 1,300 3/28: 7,000 3/29: 3,575 3/30: 8,125 3/31: 1,875 Accounts ReceivableBal. 1,950 3/18: 10,025 3/30: 8,125 SuppliesBal. 225 3/7: 1,450 Office Equipment3/2: 19,000 Accounts Payable3/27: 1,300 Bal.: 1,250 3/7: 1,450 Notes Payable 3/2: 19,000 Common Stock Bal.: 7,500 3/28: 7,000 Retained Earnings Bal.: 1,425 Dividends3/31: 1,875 Fees Earned 3/18: 10,025 3/25: 7,575 Rent Expense3/3: 2,300 Wages Expense3/29: 3,575 Required:TransactionsDescriptions of the transactions for the month of March are provided in the following table. Each of the transactions that follow has been posted to the T accounts. Referring to the T accounts, select the date on which each transaction occurred, enter the amount of the transaction, and select the account to debit and credit.

Answers

Complete Question

The  complete question is shown on the first , second and third image

Answer:

The  solution and the calculation is shown on the fourth image

Explanation:

A recession is usually declared to be over when short-run output returns to potential output.A. TrueB. False

Answers

Answer:

False

Explanation:

A recession is a period of general decline in economic activities. It is when the GDP of a country for two consecutive quarters is negative.

Potential output is the output an economy can produce if all its resources are fully employed.

During a recession, output is negative so output would be less than potential output.

"On December 1st, an officer of REX Corporation wishes to sell stock under Rule 144. REX has 15,000,000 shares outstanding. The previous weeks' trading volumes are:"

Answers

Answer:

178,750 average shares

Explanation:

The computation of the maximum permitted sale is shown below:

But before that we need to find out the total volume which is

= nov 14 trading volume + nov 7 trading volume + oct 31 trading volume + oct 24 trading volume

= 185,000 shares + 165,000 shares + 175,000 shares + 190,000 shares

= 715,000 shares

Now

maximum permitted sale is

= 715,000 shares ÷ 4

= 178,750 average shares

Which of the following ratios use de-levered net income?
a. Financial Leverage
b. Return on Equity
c. Return on Assets
d. Asset Turnover
e. Return on Sales

Answers

Answer:

c. Return on Assets

Explanation:

The net income usually has an impact of interest expense since interest expense is deducted from  earnings before interest and tax in arriving at net income.

Hence, in order to take out the impact interest expense when computing return on assets, an adjusted net income known as de-levered net income is computed using the below formula:

Net Income + (1-t)xInterestExpense

Choose the correct term for each of the following descriptions.
A. Expenditure on research and development.
B. A bank loan.
C. Listed on a stock exchange.
D. Has limited liability.
E. Responsible for bank relationships.
F. Agency cost.

Answers

Explanation:

A. Expenditure on research and development. > Investment decision.

Reasearch and development (R&D) is an investment cost because the results of such research can benefit the company long-term.

B. A bank loan. > Financial asset.

A bank loan involves cash, and could be rightly called a financial asset.

C. Listed on a stock exchange. > Public corporation.

Only public corporations are listed on stock exchange,  an example is Microsoft.

D. Has limited liability. > Corporation

E. Responsible for bank relationships. > The Treasurer.

F. Agency cost. > Agency cost

Consider the following two countries. Assume they produce only these two goods. Note that productivity is now measured in how many goods can be produced per hour, the opposite of how we measured. U.S. Japan Cars 12 10
Computers 4 6A. What is U.S’ opportunity cost of making cars?
B. What is Japan’s opportunity cost of making cars?

Answers

Answer:

A. 1/3 computers

B. 0.6 computers

Explanation:

A. The opportunity cost incurred by the US to make cars is the number of computers it would have to give up to make a car.

The US can either make 12 cars or 4 computers. For every car made therefore the US forgoes;

= 4/12

= 1/3 computers.

B. The same logic applies to Japan. They can either make 10 cars or 6 computers.

Their opportunity cost for cars is therefore;

= 6/10

= 0.6 computers

A firm has a current price of $40 a share, an expected growth rate of 11 percent and expected dividend per share (D1) of $2. Given its risk, you have a required rate of return for it of 12 percent. Your expected rate of return and investment decision is as follows:A) 10 percent  do not buyB) 12 percent  do not buyC) 14 percent  buyD) 16 percent  buyE) 18 percent  buy

Answers

Answer:

D) 16 percent -  buy

Explanation:

R = (D1 / P0) + g

R=Expected Return, P0=Current Market Price = $40, D1 = Expected Dividend = $2,  g=Expected Growth Rate = 11% = 0.11

Expected Return = R = (2/40)+0.11

R = 0.05+0.11

R = 0.16

R = 16%

The Expected Return is higher than the required return of 12%. Hence, it should be bought (it is expected to give higher return than required)

In the EOQ model, the average inventory per cycle over many cycles is Q/2. A. True B. False

Answers

Answer:

A. True

Explanation:

An organization would usually measure the volume of its orders in order to meet up with demand while also making sure that the cost per order is maintained at the nearest minimum. The tool used to measure the volume of frequent orders is Economic order quantity(EOQ) .

When inventories are ordered, there will be continuous movement of inventory say from Q(order amount) to zero. This means that the average inventory is Q ÷ 2. Also, the inventory costs for each period is the same as average cost(Q/2) multiply by length of the period.

The government must mandate lower prices when beef surpluses exist; otherwise, the quantity supplied will continue to exceed the quantity demandedA. TrueB. False

Answers

Answer: True

Explanation:

Beef surplus in the market simply means that there's excess of beef in the market. In this case, the quantity supplied for beef is more than the quantity that the consumers demand, which means that the price at which beef is sold is more than the equilibrium price.

Due to thus reason, the government must mandate lower prices as this will help in increasing the quantity demanded of beef, reduce quantity supplied and hence, the surplus will be curtailed.

Which of the following groups would have access to managerial accounting information?a. bankers.
b. investors.
c. competitors of the business.
d. managers.

Answers

Answer:

D

Explanation:

Those that have access to managerial accounting information are known as internal users of accounting information. They include :

managers owneremployees

Those that do not have access to managerial accounting information are known as external users of accounting information. They include :

a. bankers.

b. investors.

c. regulatory bodies

How would you value a 1000 bond with 10% coupon rate?

Answers

Question

How would you value a 1000 bond with 10% coupon rate?

Assuming the bonds is repayable in five (5) years time with a yield of 11% per annum.

Answer:

Value of bond = $948.54

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).  

Value of Bond = PV of interest + PV of RV  

The value of bond of the can be worked out as follows:  

Step 1  

PV of interest payments

Annul interest payment  = 10% × 1000  = 100  

Annual yield = 11%

Total period to maturity (in years)  = 8 years  

PV of interest =  

100 × (1- 1.11^(-8)/)/ 0.11 =  514.612  

Step 2  

PV of Redemption Value  

= 1,000 × (1.11)^(-8) = 433.926

Step 3

Price of bond  

= 514.612 +  433.926  =  948.539

Value of bond = $948.54

Accounting data are used analyze cash flows, and this analysis is critical for decision making. Consider the following case: J&H corp recently hired Jeffery. His immediate mandate was analyze the company. He has to submit a report on the company's operational efficiency and estimate potential investment in working capital. He has the income statement from last year and the following information from the company's financial reports as well as some industry averages. Last year, J&H Corp. Reported a book value of $700 million in current assets, of which 35% is cash, 37% si short-beam investments, and the rest is accounts receivable and inventory. The company reported $595.0 million of current liabilities including accounts payable and accruals. Interestingly, the company had no notes payable claims last year. There were no changes in the accounts payable during the reporting period. The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of $1,120 million in long-term assets last year. Based on the information given to Jeffery, he submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan.
Which of the following statements in his report are true?
a. J&H Corp.'s net operating working capital is $105.0 million.
b. J&H corp.'s NOPAT is $336.0 million, which is lower than the industry average of $420.0 million
c. J&H Corp.'s total net operating capital consists of its net operating working capital and total investment in long-term assets.
d. The company has no notes payable reported in its balancesheet, so all its current are its operating liabilities.
e. J&H Corp. has-$154.0 million of non-interest bearing current assets net of non-interest charging liabilities.

Answers

Answer:

a. J&H Corp.'s net operating working capital is $105.0 million.

d. The company has no notes payable reported in its balance sheet, so all its current are its operating liabilities.

Explanation:

cash $245

short term investments $259

accounts receivable and inventory $196

total current assets = $700

long term assets = $1,120

total assets = $1,820

total liabilities = $595

total equity = $1,225

options:

a) net operating working capital = current assets - current liabilities = $700 - $595 = $105

b) there is no information about the company's profits or the average profits for other companies in the same industry (SO OPTION B IS WRONG)

c) net operating capital = current assets - current liabilities (SO OPTION C IS WRONG)

d) correct, since the company doesn't have any long term liabilities, all of its liabilities must be current or operating liabilities

e) there is no way to determine this from the information provided (SO OPTION E IS WRONG)

Smoking cigarettes is a leading cause of many diseases. Suppose the government has opened several public clinics that treat smoking-related diseases and is trying to decide how to fund these clinics. One suggestion is to raise the funds for the public clinics by imposing a tax on yachts. This tax follows:

Answers

Answer:

The ability-to-pay principle

Explanation:

According to the Census Bureau, in October 2016, the average house price in the United States was $354,900. In October 2000, the average price was $215,100. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations)

Answers

Answer:

3.18%

Explanation:

Calculation for the annual increase in the price of the average house sold

We are suppose to use this formula FV = PV (1+r)^t but since we are looking for R the formula to use will be:

R = (FV / PV)^1/16– 1

Let note that 2016-2000 will give us 16 years

Where,

FV=$354,900

PV=$215,100

Let plug in the formula

R= ( $354,900/$215,100 )^1/8)16– 1

R=(1.6499)^1/16-1

R=1.0318-1

R=0.0318×100

R=3.18%

Therefore the annual increase in the price of the average house sold will be 3.18%

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