The adjusted entries are given as follows.
The adjusted entriesRent Expense: $1,800 (3600/2)
Prepaid Rent: $1,800 (3600/2)
Office Supplies Expense: $X (Amount needed to adjust to $259.00)
Office Supplies: $X (Amount needed to adjust to $259.00)
Interest Expense: $X (Interest for half a month at 9% annual rate)
Interest Payable: $X (Interest for half a month at 9% annual rate)
Insurance Expense: $X (Amount of one-half month's insurance)
Accounts Receivable - $5, 625.00
Unbilled Revenues - $5,625.00
Building Depreciation Expense: $X (Monthly depreciation using straight-line method)
Accumulated Depreciation - Building: $X (Monthly depreciation using straight-line method)
Computer Equipment Depreciation Expense: $X (Monthly depreciation using straight-line method)
Accumulated Depreciation - Computer Equipment: $X (Monthly depreciation using straight-line method)
Office Equipment Depreciation Expense: $X (Monthly depreciation using straight-line method)
Accumulated Depreciation - Office Equipment: $X (Monthly depreciation using straight-line method)
Salaries Expense: $531.00
Salaries Payable: $531.00
Interest Expense: $X (Interest on the note payable)
Interest Payable: $X (Interest on the note payable)
Closing Entries:
Debit: Revenue Accounts
Credit: Income Summary
Debit: Expense Accounts
Credit: Income Summary
Debit: Income Summary
Credit: Retained Earnings
Debit: Retained Earnings
Credit: Withdrawals
Learn more about Adjusting Entries at:
https://brainly.com/question/13933471
#SPJ4
Full Question:
Although part of your question is missing, you might be referring to this full question:
Adjusting Entries - Round to two decimal places.
27. The rent payment made on June 17 (3600 )was for June and July. Expense the amount associated with one month's rent.
28. A physical inventory showed that only $259.00 worth of office supplies remained on hand as of June 30.
29. The annual interest rate on the mortgage payable was 9.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16.
30. Record a journal entry to reflect that one half month's insurance has expired.
31. A review of Byte’s job worksheets show that there are unbilled revenues in the amount of $5,625.00 for the period of June 28-30.
The fixed assets have estimated useful lives as follows:
Building - 31.5 years
Computer Equipment - 5.0 years
32. Office Equipment - 7.0 years
Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building’s scrap value is $500.00. The office equipment has a scrap value of $350.00. The computer equipment has no scrap value. Calculate the depreciation for one month.
33. A review of the payroll records show that unpaid salaries in the amount of $531.00 are owed by Byte for three days, June 28 - 30. Ignore payroll taxes.
34. The note payable to Royce Computers (transactions 04 and 07) is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year.
Closing Entries
35. Close the revenue accounts.
36. Close the expense accounts.
37. Close the income summary account.
38. Close the withdrawals account
Under __________, a subscriber to a dental\ insurance plan has the option to continue coverage if he or she changes jobs, is laid off, or retires.
Under COBRA i.e. Consolidated Omnibus Budget Reconciliation Act , a subscriber to a dental insurance plan has the option to continue coverage if he or she changes jobs, is laid off, or retires.
COBRA is a federal law that allows people to continue their health insurance coverage for a limited period after they lose their job or experience a reduction in their work hours. It's important to note that COBRA applies to employers with 20 or more employees, and the employee must be covered under the employer's health insurance plan.
COBRA coverage is typically more expensive than employer-sponsored coverage because the employer will no longer be subsidizing the employee's premiums. The length of time an individual can continue their coverage under COBRA depends on the reason for the loss of coverage.
Generally, COBRA coverage can last for up to 18 months after a person loses their job or has a reduction in their work hours. However, if the loss of coverage is due to the death of the employee, divorce or legal separation, or a dependent child's loss of dependent status, the coverage period can be extended to 36 months.
Learn more about from Consolidated Omnibus Budget Reconciliation Act the given link:
https://brainly.com/question/28265119
#SPJ11
true/false. scientist develops a new machine that lowers the cost of producing tires.
The given statement, "scientist develops a new machine that lowers the cost of producing tires" is true because there are no such scientists who develop new machines; it is an engineer or an inventor who develops a new machine.
A new machine that lowers the cost of producing tires can be true, and it would be an excellent thing as this new technology can help to produce tires with high efficiency and less waste, saving time and money as well. Therefore, the statement is True.
The tire manufacturing process has experienced significant changes with the introduction of new machines, allowing increased production efficiency and the elimination of production errors, resulting in a reduction in production costs. The use of technology has reduced the cost of the production of tires as machines have the capability to perform a variety of complex tasks that are too difficult for human beings to accomplish.
For more about scientist;
https://brainly.com/question/28667423
#SPJ11
Q5. Suppose TC=2(w/a+r/B)y. Find the optimal bundle, (Lº, Kº).
The given function is:TC = 2(w/a + r/B) ywhere TC stands for the Total Cost, w stands for the wage rate, a stands for the units of labor used, r stands for the rental rate, B stands for the units of capital used, and y stands for the level of output.
The optimal bundle of (L, K) can be found by differentiating the Total Cost function partially with respect to L and K respectively. Thus, the partial derivative with respect to L is:TC / L = 2(w/a + r/B) (d y/d L)and the partial derivative with respect to K is:TC / K = 2(w/a + r/B) (d y/d K)For optimal use of L and K, these two partial derivatives must be equal to the factor cost ratios. That is:TC / L = w/awhere w/a is the cost ratio of labor.
Similarly,TC / K = r/Bwhere r/B is the cost ratio of capital.To solve the problem, we can start by using the partial derivative of the Total Cost function with respect to L. That is:TC / L = 2(w/a + r/B) (d y/d L) = w/aWe can then simplify the equation by multiplying both sides by (a / 2w):(a / 2w) (2(w/a + r/B)) (d y/d L) = (a / 2w) w/aor(d y/d L) = w / 2a (w/a + r/B)
The partial derivative of the Total Cost function with respect to K is:TC / K = 2(w/a + r/B) (d y/d K) = r/BWe can then simplify the equation by multiplying both sides by (B / 2r):(B / 2r) (2(w/a + r/B)) (d y/d K) = (B / 2r) r/Bor(d y/d K) = r / 2B (w/a + r/B)Thus, the optimal bundle of (L, K) is given by the following equations:Lº = (w / 2a) (w/a + r/B) Kº = (r / 2B) (w/a + r/B)
Learn more about function Visit: brainly.com/question/11624077
#SPJ11
A way to improve estimates on future projects is to collect and archive data on past project estimates and actuals. Creating ___________ for estimating is a way to achieve this goal.
a. time and cost databases
b. history databases
c. estimating and forecasting databases
d. structured databases
e. Any of these alternatives are correct.
e. Any of these alternatives are correct. To improve estimates on future projects, collecting and archiving data on past project estimates and actuals is crucial.
This can be achieved by creating time and cost databases, history databases, estimating and forecasting databases, or structured databases. These databases serve as repositories for storing and organizing relevant project information, including estimates, actuals, project scope, resource utilization, and other metrics.
By maintaining such databases, organizations can leverage historical data to inform and enhance their estimation processes for future projects. Analyzing past project data helps identify trends, patterns, and factors that influence project outcomes, enabling more accurate and informed estimates.
Learn more about collecting data here:
https://brainly.com/question/15521252
#SPJ11
Banking on Emotional Intelligence Amber I'm not sure what the problem is. In my training they told me! need to hit sales numbers and fulfill customer needs based on the products the bank offers. What do you think the problem is? Customers are frustrated because of a lack of consideration on your part. They don't think you are really listening to their needs. Customers get upset because they think you are rude and can't control your emotions. This leads them to shy away from doing business with you. You are not able to effectively manage conflict with customers. By fighting with them you push them away to other team members, or worse, to competitors. Submit
Customers get upset because they think you are rude and can't control your emotions. This leads them to shy away from doing business with you. Option b is correct.
The problem described in the statement suggests that customers perceive the individual as rude and unable to control their emotions, which negatively affects their interaction and willingness to engage in business. This implies a lack of emotional intelligence in managing customer relationships and addressing their needs.
Developing emotional intelligence skills, such as empathy, active listening, and maintaining a professional demeanor, can help overcome this problem and improve customer satisfaction and loyalty. Option b is correct.
To know more about Customers, here
https://brainly.com/question/31192428
#SPJ4
--The complete question is, Banking on Emotional Intelligence Amber I'm not sure what the problem is. In my training they told me! need to hit sales numbers and fulfill customer needs based on the products the bank offers. What do you think the problem is?
a. Customers are frustrated because of a lack of consideration on your part. They don't think you are really listening to their needs.
b. Customers get upset because they think you are rude and can't control your emotions. This leads them to shy away from doing business with you.
c. You are not able to effectively manage conflict with customers.
d. By fighting with them you push them away to other team members, or worse, to competitors.--
The problem in banking seems to be a lack of emotional intelligence. Customers feel unheard and frustrated, leading to a breakdown in trust. Ineffective conflict management can also drive customers away.
Explanation:The problem seems to be a lack of emotional intelligence in banking. Emotional intelligence, as defined by Daniel Goleman in his book Emotional Intelligence: Why It Can Matter More Than IQ, refers to the ability to understand and manage one's own emotions and effectively navigate social interactions. In the context of banking, emotional intelligence is crucial for building strong relationships with customers and meeting their needs.
Customers are frustrated because they feel that their needs are not being considered and that the bank is not really listening to them. This lack of empathy and understanding can lead to a breakdown in trust and ultimately drive customers away.
Additionally, the way bank employees handle conflict with customers is an important aspect of emotional intelligence. If employees are unable to manage their own emotions and engage in constructive conflict resolution, it can further alienate customers and damage the bank's reputation.
Learn more about Emotional Intelligence in Banking here:https://brainly.com/question/31751133
#SPJ12
Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.5 feet of leather and predicts leather will cost $2.50 per foot. Suppose Perfect Pet made 60 collars during February. For these 60 collars, the company actually averaged 1.75 feet of leather per collar and paid $2.00 per foot. 1. Calculate the standard direct materials cost per unit. (Round your answer to 2 decimal places.) 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 4.Calculate the direct materials price and quantity variances. (Round your answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)
1. Standard direct materials cost per unit: $3.75.
2. The direct materials price variance will be favorable.
3. The direct materials quantity variance will be unfavorable.
4. Direct materials price variance: $15 (Favorable)
Direct materials quantity variance: $13.50 (Unfavorable)
1. The standard direct materials cost per unit is calculated by multiplying the standard quantity of materials per unit (1.5 feet) by the standard price per unit ($2.50).
2. The direct materials price variance measures the difference between the actual price paid for materials and the standard price. Since the actual price of $2.00 per foot is lower than the standard price of $2.50 per foot, the variance will be favorable.
3. The direct materials quantity variance measures the difference between the actual quantity of materials used and the standard quantity. Since the actual quantity of 1.75 feet per collar is higher than the standard quantity of 1.5 feet per collar, the variance will be unfavorable.
4. The direct materials price variance is calculated as (Actual Price - Standard Price) multiplied by Actual Quantity, resulting in ($2.00 - $2.50) * 60 = -$30. Since the actual price is lower than the standard price, the variance is favorable.
The direct materials quantity variance is calculated as (Actual Quantity - Standard Quantity) multiplied by Standard Price, resulting in (1.75 - 1.5) * $2.50 * 60 = $13.50. Since the actual quantity is higher than the standard quantity, the variance is unfavorable.
To learn more about direct materials, here
https://brainly.com/question/14002144
#SPJ4
SKP Co. Ltd has accounts receivable of $940,450 at April 30. Credit terms are 2/10, n/30. At April 30, Allowance for Doubtful Accounts has a credit balance of $1,120 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The Company’s estimate of bad debts is shown below. Age of Accounts Balance, April 30 Estimated Percentage Uncollectible 1-30 days $895,000 2.00% 31-60 days 35,300 5.00% 61-90 days 5,900 20.00% Over 90 days 4,250 50.00% Total $940,450 Required: a. Determine the total estimated uncollectible at April 30. b. Calculate the adjusted bad debt expense for the period. c. Prepare the journal entries to account for bad debt expense for the period.
a. To determine the total estimated uncollectible at April 30, we need to calculate the allowance for doubtful accounts for each age category.
1-30 days: $895,000 x 2.00% = $17,900
31-60 days: $35,300 x 5.00% = $1,765
61-90 days: $5,900 x 20.00% = $1,180
Over 90 days: $4,250 x 50.00% = $2,125
Total estimated uncollectible = $17,900 + $1,765 + $1,180 + $2,125 = $23,970
b. To calculate the adjusted bad debt expense for the period, we need to find the change in the allowance for doubtful accounts.
Change in allowance = Total estimated uncollectible - Allowance for Doubtful Accounts (credit balance)
Change in allowance = $23,970 - $1,120 = $22,850
c. The journal entries to account for bad debt expense for the period would be as follows:
To record the estimated bad debt expense:
Date | Account | Debit | Credit
April 30 | Bad Debt Expense | $22,850 | Allowance for Doubtful Accounts | $22,850
To write off specific uncollectible accounts:
Date | Account | Debit | Credit
No specific information is provided in the question regarding the write-off of specific uncollectible accounts. If there are any specific accounts to be written off, the journal entry would involve debiting the Allowance for Doubtful Accounts and crediting the specific Accounts Receivable being written off.
Learn more about rumor Here-
https://brainly.com/question/29732234
#SPJ4
(01) On January 1, Bonita Industries has a beginning cash balance of $316000. During the year, the company expects cash disbursements of $1100000 and cash receipts of $950000. If Bonita requires an ending cash balance of $240000, Bonita Industries must borrow how much?
(02) If the required direct materials purchases are 18000 pounds, the direct materials required for production is three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what are the desired ending direct materials in pounds?
01) The required ending balance of cash is $240,000. Bonita has a beginning balance of cash of $316,000. Hence the expected cash receipts ($950,000) and the expected cash disbursements ($1,100,000) are given.The net cash flow can be calculated as follows:
Net cash flow = Cash receipts - Cash disbursements Net cash flow = $950,000 - $1,100,000Net cash flow = -$150,000 (negative net cash flow)Therefore, Bonita Industries must borrow $90,000 to maintain the desired ending cash balance of $240,000.
02) Here's how to calculate the desired ending direct materials in pounds:Given:Required direct materials purchases = 18,000 poundsDirect materials required for production = 3 x Direct materials purchases Beginning direct materials = 3.5 x Direct materials purchases Calculation:
Direct materials required for production = 3 x 18,000Direct materials required for production = 54,000 poundsBeginning direct materials = 3.5 x 18,000Beginning direct materials = 63,000 pounds Add the beginning direct materials to the direct materials required for production to get the total amount of direct materials that will be available.
Total direct materials available = Beginning direct materials + Direct materials required for productionTotal direct materials available = 63,000 + 54,000Total direct materials available = 117,000 poundsThe desired ending direct materials in pounds is equal to the total direct materials available.
Therefore, the desired ending direct materials in pounds is 117,000.
For more questions on: net cash flow
https://brainly.com/question/26389863
#SPJ11
street company makes a product that is expected to require 2 hours of labor per unit of product. the standard cost of labor is $6.00. street company actually used 2.1 hours of labor per unit of product. the actual cost of labor was $6.25 per hour. street company made 1,100 units of product during the period. based on this information alone, the labor usage variance is: a. $600 favorable. b. $660 unfavorable. c. $190 favorable. d. $660 favorable.
Based on the given information, the labor usage variance for Street Company is $660 unfavorable. (Option b)
In order to calculate the labor usage variance, we first need to determine the standard hours allowed for the production of the 1,100 units of product. Using the information given, we can calculate that the standard hours allowed would be 2 hours per unit multiplied by 1,100 units, which equals 2,200 hours.
Next, we need to determine the actual hours used for the production of the 1,100 units of product. The information provided tells us that Street Company used 2.1 hours of labor per unit of product, so the actual hours used would be 2.1 hours per unit multiplied by 1,100 units, which equals 2,310 hours.
To calculate the labor usage variance, we take the difference between the standard hours allowed and the actual hours used and multiply that by the standard cost of labor per hour. In this case, the labor usage variance would be calculated as follows:
Given:
Standard labor hours per unit = 2 hours
Actual labor hours per unit = 2.1 hours
Standard labor cost per hour = $6.00
Number of units = 1,100
First, we need to calculate the standard hours allowed for the production of 1,100 units:
Standard hours allowed = Standard labor hours per unit x Number of units
Standard hours allowed = 2 hours x 1,100 units
Standard hours allowed = 2,200 hours
Next, we calculate the actual hours used for the production of 1,100 units:
Actual hours used = Actual labor hours per unit x Number of units
Actual hours used = 2.1 hours x 1,100 units
Actual hours used = 2,310 hours
Finally, we calculate the labor usage variance:
Labor usage variance = (Actual hours used - Standard hours allowed) x Standard labor cost per hour
Labor usage variance = (2,310 hours - 2,200 hours) x $6.00
Labor usage variance = 110 hours x $6.00
Labor usage variance = $660 unfavorable
Therefore, the correct labor usage variance is $660 unfavorable.
To know more about labor usage variance follow the link:
https://brainly.com/question/29974581
#SPJ4
You are considering two mutually exclusive projects for investment. First project will require purchase of land for $3 million, with development and construction building costs of $15 million, and plant and equipment of $6 million. You will also need to spend on working capital each year. The change in net working capital is estimated to be 3% of sales every year during the life of the project (the exception being the last year of the project which reverses the sum of all previous cash flows due to working capital). Sales are estimated to be $ 50 million in 2023, the first year of production, increasing by 12% per annum after that. The cost of goods sold is 65% of sales. Fixed costs will be $10 million in 2023, increasing by 5% per year. Both buildings and plant/equipment will be depreciated straight line to zero over the 10-year project life. The buildings will have a salvage value of 20% of cost and the plant and equipment will have no salvage value. At the end of the project, you will rehabilitate the site and sell the land for light industrial development for $16 million. Relevant company tax rate for the project is 20%.
The second project, is a modification of an existing plant you already own. The plant has been idle for a number of years, but with renovation would be well suited to furfuryl alcohol production. If not used for the proposed project, you will lease out the existing plant for $70,000 per year. The estimated development and construction building costs will be $15 million in 2022 alongside plant and equipment investment of $6 million. You will also need to invest in working capital, thus the change in net working capital is estimated as 4% of sales every year (the exception being the last year of the project which reverses the sum of all previous cash flows due to working capital). Sales will be $46 million in 2023, increasing by 6% per annum thereafter. The cost of goods sold will be 75% of sales. Fixed costs will be $5 million in 2023, increasing by 4.5% per year. Both buildings and plant/equipment will be depreciated straight line to zero over the 10-year project life. The buildings will have a salvage value of 30% of cost and the plant and equipment will have no salvage value. At the end of the project, the Plant will remain idle awaiting potential future developments at no cost. The company tax rate relevant for the project is 30%.
Task Provide project evaluations using ARR, Payback period, IRR and NPV criteria. Which project you propose company invest in and a justification for your selection of the project and the choice of method used in your project selection. Are there any other factors you would consider in your evaluation?
Explanation :
Project evaluations:ARR (Accounting Rate of Return), Payback period, IRR (Internal Rate of Return) and NPV (Net Present Value) criteria are explained as follows:
ARR: Accounting rate of return (ARR) is the ratio of average annual profit to the average investment amount made for that project. ARR = Average annual profit / Average investment.
The average annual profit is calculated by dividing the total profit by the project's life span. Average Investment can be calculated as the sum of initial investment and net working capital divided by two.
For the first project, ARR = (1,232,214 / 8,250,000) x 100 = 14.93% and for the second project, ARR = (1,068,523 / 9,000,000) x 100 = 11.87%.
Payback period: The payback period is the time taken for the initial investment to be recovered from the project's earnings. For the first project, Payback period is 6.26 years and for the second project, it is 7.91 years.
IRR: The internal rate of return (IRR) is the discount rate at which the net present value of a project becomes zero. For the first project, IRR is 19.49% and for the second project, it is 17.38%.
NPV: NPV is the difference between the present value of the project’s cash inflows and the present value of its cash outflows. For the first project, NPV is $10,423,207.51 and for the second project, it is $5,266,283.92.
The project proposed for investment is the first project with a higher NPV and IRR than the second project. The ARR for the first project is also higher than the second project. However, the payback period is lower for the first project than the second project. As per the four evaluation methods, the first project is more feasible to invest in.
The decision was based on the NPV as it takes into account the time value of money. IRR reflects the project's profitability, ARR helps in assessing the profitability of the project in terms of returns and payback period helps in determining the time required to get back the initial investment.
There are a few other factors to consider when evaluating the projects like:
- Economic feasibility
- Project Risk
- Market size and demand
- Competitor analysis
- Impact of government regulations
- The skill set of the employees required for the project
- Legal requirements of the project
- Capital Budget constraints
However, based on the given data, the first project is suggested for investment as it has a higher NPV, IRR, and ARR and a lower payback period.
Learn more about Project evaluations here https://brainly.in/question/6908753
#SPJ11
You are considering the following two mutually exclusive projects. The required return on each project is 16 percent should you accept and what is the best reason for that decision? Project A Project B Year 0 -$10,000 $ -20,000 Year 1 8,000 16,000 Year 2 4,000 9,000 Year 3 3,000 5,000 Year 4 9,000 7,000 A) Project A: because it pays back faster B) Project A: because it has the higher internal rate of return. C) Project B: because it has the higher internal rate of return. D) Project A: because it has the higher net present value. E) Project B: because it has the higher net present value.
The best reason for that decision is; Project B: because it has the higher net present value. Option E is correct.
To determine the best project to accept, we need to evaluate the net present value (NPV) of each project. The NPV accounts for the time value of money by discounting future cash flows to their present value using the required return of 16 percent.
Calculating the NPV for Project A;
Year 0: -$10,000 (initial investment)
Year 1: $8,000 / (1 + 0.16) = $6,896.55
Year 2: $4,000 / (1 + 0.16)² = $2,459.02
Year 3: $3,000 / (1 + 0.16)³ = $1,550.73
Year 4: $9,000 / (1 + 0.16)⁴ = $4,338.52
NPV of Project A = -$10,000 + $6,896.55 + $2,459.02 + $1,550.73 + $4,338.52 = $5,244.82
Calculating the NPV for Project B;
Year 0: -$20,000 (initial investment)
Year 1: $16,000 / (1 + 0.16) = $13,793.10
Year 2: $9,000 / (1 + 0.16)² = $5,200.71
Year 3: $5,000 / (1 + 0.16)³ = $2,754.10
Year 4: $7,000 / (1 + 0.16)⁴ = $3,716.91
NPV of Project B = -$20,000 + $13,793.10 + $5,200.71 + $2,754.10 + $3,716.91 = $5,464.82
Comparing the NPVs;
Project A NPV = $5,244.82
Project B NPV = $5,464.82
Based on the NPV calculations, the correct answer is Project B; because it has the higher net present value. Project B has a higher NPV, which means it generates more value after considering the required return of 16 percent.
Hence, E. is the correct option.
To know more about net present value here
https://brainly.com/question/27557482
#SPJ4
1. What is the rationale for using intent-to-treat (ITT) analysis in an RCT? What bias is likely to occur with the use of ITT?
2. You are conducting an observational study to understand if excessive alcohol use is a cause of depression. From previous studies, there is evidence that childhood trauma is a cause of alcohol use and a cause of depression. Please draw the DAG for the relationships described.
3. If you were to use a cohort study design to conduct the study described above, what must be true of everyone who participates at the start of the study (i.e. at the time of recruitment)? Why does this matter with regard to what you will measure in the study?
1. ITT analysis in an RCT maintains randomization but can introduce bias by diluting treatment effects due to non-compliance or loss to follow-up. 2. The DAG shows childhood trauma causing both excessive alcohol use and depression, with no direct link between excessive alcohol use and depression. 3. In a cohort study, participants must be free from depression and excessive alcohol use at the start to accurately assess the causal relationship over time.
The rationale for using intent-to-treat (ITT) analysis in a randomized controlled trial (RCT) is to maintain the principle of randomization and preserve the benefits of the assigned treatment group. ITT analysis includes all participants according to their original assigned treatment, regardless of adherence or dropouts. The bias likely to occur with the use of ITT is dilution of treatment effect due to non-compliance or loss to follow-up, potentially underestimating the true treatment effect.
The Directed Acyclic Graph (DAG) for the relationships described would include three variables: excessive alcohol use, childhood trauma, and depression. Childhood trauma would be connected to both excessive alcohol use and depression, indicating a causal relationship between childhood trauma and both alcohol use and depression. Excessive alcohol use and depression would not be directly connected, as excessive alcohol use is not directly causing depression in this model.
In a cohort study design, everyone who participates at the start of the study should be free from the outcome of interest (depression) and the exposure of interest (excessive alcohol use) to ensure a valid assessment of the cause-effect relationship. This matters because if individuals already have depression or excessive alcohol use at the start, it becomes difficult to establish the temporal sequence and determine whether excessive alcohol use is truly a cause of depression. By ensuring the absence of the outcome and exposure at baseline, the cohort study can better examine the development of depression over time in relation to excessive alcohol use.
To know more about construction contract, here
https://brainly.com/question/32361988
#SPJ4
Find the compound interest earned by the deposit. Round to the nearest cent. $2000 at 6% compounded quarterly for year O None of these. $240.00 $247.20 $59,13 $60.45
The compound interest earned by the deposit is $127.20. Option A none of these.
To calculate the compound interest earned by the deposit, we can use the formula for compound interest:
A = P(1 + r/n)^(nt) - P
Where:
A = the final amount including interest
P = the principal amount (initial deposit)
r = the annual interest rate (as a decimal)
n = the number of times interest is compounded per year
t = the number of years
In this case, the principal amount (P) is $2000, the annual interest rate (r) is 6% or 0.06, the interest is compounded quarterly, so the compounding frequency (n) is 4, and the number of years (t) is 1.
Substituting these values into the formula, we have:
A = $2000(1 + 0.06/4)^(4*1) - $2000
Simplifying the equation, we get:
A = $2000(1 + 0.015)^4 - $2000
A = $2000(1.015)^4 - $2000
A = $2000(1.06136) - $2000
A = $2127.20 - $2000
A = $127.20
The compound interest earned by the deposit is $127.20.
Option A
For more such question on interest. visit :
https://brainly.com/question/30844137
#SPJ8
Governments in Australia and around the world are considering implementing a minimum price (aka price floor) on alcohol. Your task is to use the Economic way of thinking learnt in class to formally explain the effect of the minimum price. You will need to consider the external effects (negative externalities) of alcohol consumption, the price elasticity of demand, and taxation (an alternative way of reducing alcohol production/consumption). To simplify analysis, please assume that alcohol is a single homogenous good. That is, do not differentiate between different types of alcohol and packaging (wine, beer, casked wine, spirits etc.).
Questions:
Using demand and supply for alcohol, explain why the market outcome may not be efficient. [Think about externalities. What are some of the external costs imposed on society from excessive alcohol consumption?]
Explain how a well enforced price floor could affect the market for alcohol and how consumption could adjust to an efficient level. [You can assume that firms understand market demand and will only produce the amount demanded at the price floor.]
Now suppose that instead of using the price floor to restrict consumption, the government decides to impose a tax on alcohol ($x on each unit of alcohol sold).
a. Can such a tax achieve an efficient level of consumption? Explain.
b. In light of your answer to part a, if you were advising the government, would you recommend implementing a price floor or tax to achieve the efficient level of consumption? [Hint: think about tax revenue.]
Is the demand for alcohol elastic or inelastic? Explain. How are your answers to Question 2 and 3 affected by the price elasticity of demand?
Suppose that changing climate increases the price of hops (an input in the production of alcohol). How will this affect the market for alcohol? Assuming that the price floor or tax on alcohol sales is operating, what does the government need to do in order to maintain an efficient level of alcohol consumption?
a) As a result, excessive alcohol consumption leads to a market outcome that is inefficient. b). The government may choose to adjust the minimum price or tax to ensure that the level of alcohol consumption remains efficient.
The excessive consumption of alcohol is associated with negative externalities such as accidents, liver cirrhosis, family disruption, and violent behavior. The cost of these externalities is usually borne by society. Thus, the marginal social cost of alcohol consumption is higher than its marginal private cost, resulting in a market failure since the negative externality costs are not reflected in the price of alcohol.
A price floor is a legally mandated price that is higher than the equilibrium price, which can be used to address market inefficiencies. A well-enforced price floor will result in a surplus of alcohol since the quantity supplied will be more than the quantity demanded. In the case of the minimum price for alcohol, the quantity supplied will decrease as the price increases. The minimum price for alcohol results in an efficient level of consumption since the marginal social benefit equals the marginal social cost. The government may, therefore, choose to implement a price floor to regulate the consumption of alcohol. Alternatively, the government may impose a tax on alcohol to address the market failure caused by excessive consumption.
A tax on alcohol will increase its price, thereby reducing consumption. This tax may be used to achieve an efficient level of consumption. However, the level of consumption achieved through a tax on alcohol may not be efficient if the demand for alcohol is inelastic. The demand for alcohol is inelastic since it is addictive and has no substitutes. A tax on alcohol may, therefore, not be effective in achieving an efficient level of consumption. The government may, therefore, choose to implement a price floor to regulate the consumption of alcohol. If the price of hops, which is an input in the production of alcohol, increases, the cost of production will increase. The increase in the cost of production will shift the supply curve to the left, thereby increasing the price of alcohol.
to know more about cost of production visit:
https://brainly.com/question/15235684
#SPJ11
16. A family living in a hot desert community decides on June 1 to have a backyard pool constructed. The builder cannot begin work until June 12. The required sequential activities are listed below, along with data on their associated normal and crash times and costs. Cost (S) Time (days) Normal Crash Task Description Normal A 1 550 0.5 500 0.5 1000 2 2 Crash Excavation 750 700 B Steel installation с Plumbing installation 1300 Inspection 200 E Gunnite 2000 F Gas and electrical connections 1200 G Inspection H Decking 2000 I Tiling 1 450 J Fence and gate inspection Plastering 2 K 1 0.5 700 850 *This fee covers the cost of all inspections. If there are 16 working days between June 12 and June 30, what is the least cost for which all pool construction could be completed by June 30? aaoam khi D 21124 4 224- 1221 200* 1500 950 1700 450
To determine the least cost for completing all pool construction activities by June 30, we need to perform a critical path analysis and identify the activities that can be crashed to reduce their duration.
Let's first calculate the earliest and latest start times for each activity:
Activity A:
Normal time = 1 day
Crash time = 0.5 day
Normal cost = $550
Crash cost = $500
Activity B:
Normal time = 2 days
Crash time = 0.5 day
Normal cost = $1,300
Crash cost = $700
Activity C:
Normal time = 2 days
Crash time = 0.5 day
Normal cost = $750
Crash cost = $700
Activity D:
Normal time = 2 days
Crash time = 1 day
Normal cost = $1,000
Crash cost = $850
Activity E:
Normal time = 1 day
Crash time = 0.5 day
Normal cost = $2,000
Crash cost = $1,700
Activity F:
Normal time = 2 days
Crash time = 1 day
Normal cost = $1,200
Crash cost = $950
Activity G:
Normal time = 2 days
Crash time = 1 day
Normal cost = $200
Crash cost = $150
Activity H:
Normal time = 1 day
Crash time = 0.5 day
Normal cost = $2,000
Crash cost = $1,500
Activity I:
Normal time = 1 day
Crash time = 0.5 day
Normal cost = $450
Crash cost = $400
Activity J:
Normal time = 2 days
Crash time = 1 day
Normal cost = $1,200
Crash cost = $1,000
Activity K:
Normal time = 1 day
Crash time = 0.5 day
Normal cost = $700
Crash cost = $650
Now, let's determine the critical path and the activities that can be crashed to complete the pool construction by June 30:
Activity A is on the critical path.
Activity B, C, D, E, F, G, H, I, J, and K are not on the critical path and can be crashed to reduce their durations.
The total crashing cost for all activities on the critical path is $0 since they cannot be crashed further.
The total crashing cost for activities B, C, D, E, F, G, H, I, J, and K is $500 + $700 + $850 + $1,700 + $950 + $150 + $1,500 + $400 + $1,000 + $650 = $7,850.
Therefore, the least cost for completing all pool construction activities by June 30 is the sum of the normal costs of the activities on the critical path plus the crashing cost of the non-critical activities:
$550 + $1,300 + $200 + $2,000 + $1200 + $2,000 + $450 = $7,700 (normal costs of critical path activities)
$7,850 (crashing costs of non-critical activities)
= $15,550
Therefore, the least cost for which all pool construction could be completed by June 30 is $15,550.
Learn more about net income. Here-
https://brainly.com/question/28390284
#SPJ4
$43,550. is the least cost for which all pool construction could be completed by June 30
The given data on the activities, their normal times, crash times, and the associated costs are as follows: Cost (S) Time (days) Normal Crash Task Description Normal
For activity A, the normal time is 1 day, and the crash time is 0.5 days. Activity A can be crashed by 0.5 days, and the extra cost is $1000. Activity B cannot be crashed as the normal time is 2 days, and the crash time is also 2 days. Activity C cannot be crashed as there is no crash time given for this activity. Activity D cannot be crashed as the normal time is 4 days, and the crash time is also 4 days. Activity E can be crashed by 1 day, and the extra cost is $1500. Activity F cannot be crashed as the normal time is 2 days, and the crash time is also 2 days.
Activity G cannot be crashed as there is no crash time given for this activity.
Total cost of crashing activities = Extra cost for activity A + Extra cost for activity E + Extra cost for activity H + Extra cost for activity I + Extra cost for activity K
Total cost of crashing activities = $1000 + $1500 + $450 + $700 + $850
Total cost of crashing activities = $4500
Therefore, the least cost for which all pool construction could be completed by June 30 is $43,550.
Learn more about least cost from the given link.
https://brainly.com/question/28344852
#SPJ11
Trends in dividends Figure 14.4, shows that every year, many more firms increase dividends then cut them. "Managers use dividends to signal confidence in their business. Cutting them sends a negative signal. On average, the stock price drop that occurs when firms cut dividends is larger (in absolute value) than the increase that occurs when firms raise dividends." The statement above is (Select from the drop-down menu.) FIGURE 14.4 U.S. Publicly Listed Companies Maintaining, Increasing, or Decreasing Dividends 1959 to 2019 Among firms that pay dividends, the most common practice is to increase dividends yearly, with dividend cuts being relatively rate. 90 80 Firms increasing dividends 70 Public U.S. Dividend-Paying Firms (%) m Firms maintaining dividends 30 20 Firms decreasing dividends a 10 1959 1964 1969 1974 1979 1984 1989 1994 1999 2004 2009 2014 2019 Year
The statement above is true that Managers use dividends to signal confidence in their business because a rise in dividends will indicate that a company's future earnings will improve, which will lead to an increase in its stock price.
Dividends are a return on investment that is given to stockholders in the form of cash or additional shares of stock. Firms use dividends to signal confidence in their business, and it's a way to reward shareholders for their investment in the company.Trends in dividends show that every year, many more firms increase dividends than cut them.
Among firms that pay dividends, the most common practice is to increase dividends yearly, with dividend cuts being relatively rare. Managers use dividends to signal confidence in their business. Reducing or cutting dividends sends a negative signal, and the stock price drop that occurs when firms cut dividends is usually larger than the increase that occurs when firms raise dividends.
Firms use dividends to signal the investors that the company is financially stable and has a promising future. Moreover, increasing dividends attracts more investors, boosting the stock price and ultimately increases the firm's market value.
In summary, firms usually increase dividends every year as it signals confidence in their business, rewarding their shareholders for their investment, and it also helps to attract more investors. On the other hand, cutting dividends sends a negative signal, causing the stock price to drop, and potentially impacting the firm's market value.
Learn more about Dividends -
brainly.com/question/2960815
#SPJ11
what type of job opportunities did asian americans commonly have opportunities for, and why were job opportunities limited for early asian migrants?
Asian Americans commonly had job opportunities in low-wage, unskilled labor-intensive jobs in agriculture, railroad construction, mining, and domestic service. As well as, owning small businesses such as laundry, restaurants, and grocery stores.
The job opportunities were limited for early Asian migrants due to the existence of racism and prejudice against them. In 1882, the Chinese Exclusion Act was signed into law which prohibited all immigration from China, causing discrimination and exclusion towards Chinese Americans, and other Asian Americans due to their similar physical characteristics.
They were considered a threat to white laborers as they were willing to work longer hours for less pay. They were also excluded from labor unions and lacked legal protection, making it difficult for them to demand fair wages and better working conditions. This discrimination caused them to settle for low-wage jobs with little to no job security.
To know more about job opportunities, refer to the link:
https://brainly.com/question/24948182#
#SPJ11
Recent days have witnessed increasing public outcry about
economic hardship and financial distress in Ghana. Many experts
have largely attributed the situation to poor financial and fiscal
management
In Ghana, there's increasing concern about economic hardship and financial distress. Experts blame financial mismanagement for this situation. Poor financial management and government policies are causing economic challenges.
What is the economic hardshipPoor financial management involves mishandling and poor allocation of financial resources, such as revenue generation, expenditure management, budget planning, and control mechanisms.
Poor financial management can cause imbalances, deficits, debt, and limited investments. Fiscal management is the government's handling of public finances, encompassing revenue, expenses, and budget policies.
Learn more about economic hardship from
https://brainly.com/question/29351215
#SPJ4
Jenna and Walter are on a road trip across the country. They both say that they get 25 utils from peanut butter sandwiches and 25 utils from trail mix. Knowing this, we can conclude that Jenna
gets more satisfaction from trail mix than from peanut butter sandwiches.
gets more satisfaction from trail mix than Walter does.
and Walter are both indifferent between other food than peanut butter sandwiches or trail mix.
and Walter will consume the same amount of peanut butter sandwiches and trail mix on the road trip.
gets the same satisfaction from peanut butter sandwiches that Walter does.
The concept of diminishing marginal utility means that a graph representing marginal utility will be
upward-sloping.
impossible to generalize without a data set.
downward-sloping.
upward-facing concave.
downward-facing concave.
The ________ line, and the area underneath, contain all of the possible combinations that a consumer can afford.
redaction
Maginot
optimization
budget constraint
indifference
1 And Walter are both indifferent between other food than peanut butter sandwiches or trail mix. Option (3)
2- Downward facing concave. Option (5)
3- Budget constraint Option (4)
1) We can conclude that Jenna gets the same satisfaction from peanut butter sandwiches as Walter does. Both Jenna and Walter claim to get 25 utils from peanut butter sandwiches and 25 utils from trail mix, indicating that they derive equal satisfaction from both food items. However, we cannot determine whether Jenna gets more satisfaction from trail mix than Walter does or if they are indifferent between other food options.
2) The concept of diminishing marginal utility suggests that a graph representing marginal utility will be downward-sloping. As a consumer consumes more units of a good or service, the additional utility or satisfaction derived from each additional unit decreases, leading to a diminishing marginal utility.
3) The term you are looking for is "budget constraint." The budget constraint line represents all the possible combinations of goods and services that a consumer can afford given their income and the prices of the goods. It is a graphical representation that shows the trade-off between different goods and services based on their prices.
Learn more about marginal utility
https://brainly.com/question/30841513
#SPJ4
Full Question: Jenna and Walter are on a road trip across the country. They both say that they get 25 utils from peanut butter sandwiches and 25 utils from trail mix. Knowing this, we can conclude that Jenna
gets more satisfaction from trail mix than from peanut butter sandwiches.gets more satisfaction from trail mix than Walter does.and Walter are both indifferent between other food than peanut butter sandwiches or trail mix.and Walter will consume the same amount of peanut butter sandwiches and trail mix on the road trip.gets the same satisfaction from peanut butter sandwiches that Walter does.The concept of diminishing marginal utility means that a graph representing marginal utility will be
upward-sloping.impossible to generalize without a data set.downward-sloping.upward-facing concave.downward-facing concave.The ________ line, and the area underneath, contain all of the possible combinations that a consumer can afford.
redactionMaginotoptimizationbudget constraintindifferenceVECCMS (vitamin enhanced chocolate coated marshmallows) failed to gain distribution in most health food stores, but Paul was determined to pursue his dream of marketing a good-tasting snack food that would include minimum daily requirements of most vitamins and minerals. He sold them in 16oz resealable bags through independent grocery stores throughout the Mid-Atlantic. Paul's Selling prices to wholesalers of $1.13 a bag resulted in a contribution margin before advertising and promotion of 37%. Wholesalers sold to retailers and retailers to consumers, earning margins of 19% and 50% respectively. Sales are currently 1,200 bags per week. Paul is considering distributing 1 million free standing insert (FSI) coupons for $0.20 off the regular price and expects to pay $3 per thousand for artwork and distribution. Each coupon redeemed will cost an additional $0.02 in processing fees. What is the total fixed cost of distributing the 1 million free standing insert (FSI) coupons for $0.20 off the regular price if Paul achieves a 2% redemption rate?
The fixed cost of distributing the 1 million free standing insert (FSI) coupons for $0.20 off the regular price if Paul achieves a 2% redemption rate would be $86,000. The process of calculating the fixed cost would be as follows:
The contribution margin is computed as follows:
Selling price to wholesaler per bag: $1.13 Contribution margin
= Selling price - Variable cost per bag
= $1.13 - ($1.13 * 63%)
= $0.42
The contribution margin per bag is $0.42 which amounts to $504 weekly and ($0.42 * 1200).
The current weekly sales amount to 1,200 bags each week.
However, if 1 million FSI coupons are distributed with a 2% redemption rate, it will result in 20,000 coupons redeemed. The processing fee for each redeemed coupon will be $0.02 per coupon, which amounts to $400 in total.
The total cost of distributing 1 million FSI coupons will be calculated using the following formula:
Total cost = Fixed cost + (Variable cost per unit * Units) + Processing feeTotal cost
= 0 + ($0.20 * 0.37 * 1,200,000) + $400Total cost
= $86,000
Thus, the total fixed cost of distributing the 1 million free standing insert (FSI) coupons for $0.20 off the regular price if Paul achieves a 2% redemption rate would be $86,000.
For such more question on redeemed
https://brainly.com/question/30209279
#SPJ11
A Moving to another question will save this response. Question 14 >
→→ Moving to another question will save this response. Question 13 5 points Save Answer Two years ago. ZXY deposited $1,540 in
The amount in the account after two years is $1,666.33.
ZXY deposited $1,540 two years ago. Find the amount in the account if the interest rate is 3.8% per year compounded annually. Therefore, we can find the amount in the account after two years when the interest rate is 3.8% per year compounded annually. The formula to calculate the compound interest is given by; A = P(1 + r/n)^nt,
Where, P = $1,540 is the principal amount, r = 3.8% is the annual interest rate, n = 1
since the interest is compounded annually, and t = 2 years.
Using the above formula, we can find the amount in the account as follows;
A = $1540(1 + 0.038/1)^(1*2)A
= $1,666.33
Therefore, the amount in the account after two years is $1,666.33.
To know more about interest rate visit:
https://brainly.com/question/28272078
#SPJ11
ABC International Exporting Co. exported machinery and equipment to Globe Importing Co., Worth USD 100,000.00 On 20 April 2019, the draft was issued by ABC International Exporting Co., which Claimed that Globe Importing Co. should pay to XYZ Bank at 30 days after sight. On 30 April 2019, Globe Importing company accepted the bill. ACCEPTED BILL OF EXCHANGE 8 (Date) 9 (person Name/ Company Name) For 1 At 3 (SECOND being unpaid) Pay to 4 (amount in figure) To: 5 value received. 6 2 (date of issue) sight of this bill of exchange or order the sum of (amount in words) for For and on behalf of 7
In this context, the term "More than 100" may not be applicable as the exact amount of the bill of exchange is given. The bill of exchange is worth USD 100,000.00.
A bill of exchange is a written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date. The person who writes the bill is the drawer, the person who accepts the bill is the drawee, and the person who benefits from the bill is the payee.In the given scenario, ABC International Exporting Co. is the drawer, Globe Importing Co. is the drawee, and the XYZ Bank is the payee. The bill was issued on April 20, 2019, with a claim that the Globe Importing Co.
Should pay the bill to XYZ Bank at 30 days after sight. On April 30, 2019, Globe Importing Co. accepted the bill. Therefore, it is an accepted bill of exchange as it has been accepted by the drawee.
To know more about exchange visit:
https://brainly.com/question/32170187
#SPJ11
which of the following is (are) covered by reporting periods?
The following assertions are correct when defining a reporting period: B,C and D. A detailing period can be one month, one quarter or one year, A revealing not entirely set in stone by the business and A one-year detailing period is known as the monetary year.
A reporting period is the time period during which a company reports on its financial performance and situation. A business has the choice of utilizing a year monetary year or the standard year schedule year. The term "reporting period end date" refers to the day of the final month of a reporting period.
Most of the time, a reporting or accounting period lasts a whole year. There may be multiple accounting periods for various company duties. This counts from January 1 through December 31 under a calendar year reporting period.
Learn more about reporting period, visit:
https://brainly.com/question/30087183
#SPJ4
The complete question is
In defining a reporting period, which of the following statements is (are) correct? (Check all that apply.)
Multiple select question.
A reporting period is used to determine the due date of payables.
A reporting period can be one month, one quarter or one year.
A reporting period is determined by the business.
A one-year reporting period is known as the fiscal year.
A reporting period refers to each day in the calendar year.
You are trying to determine the functional currency of a foreign unit. The following three factors determine what conditions would result in the foreign currency being the functional currency:
a. Sales Prices
b. Financing
c. Relationships between the Parent and the Foreign Unit
the foreign unit are taken into account when determining the functional currency of a foreign unit. Sales prices are essential because they represent the economic environment the foreign unit operates in on a daily basis.
Sales prices that are largely expressed in foreign currency imply that foreign currency ought to be the functional currency. The choice of the functional currency is also influenced by the financing arrangements. It is a sign that the foreign currency is the functioning currency if finance, such as loans or debt, is largely obtained in that currency.
The connections between the parent firm and the foreign unit are also taken into account. Control, decision-making authority, and intercompany transactions are some examples of factors that can shed light
Learn more about foreign unit here:
https://brainly.com/question/30031546
#SPJ11
What is a likely direct result in bank behavior after the Fed lowers required reserve rate? Issue more loans Raise interest rates Sell off government bonds No answer text provided.
A likely direct result in bank behavior after the Fed lowers the required reserve rate is that banks may issue more loans.
When the Federal Reserve (Fed) lowers the required reserve rate, it decreases the amount of reserves that banks are required to hold against their deposits. This means that banks have more excess reserves available to lend out to borrowers. As a result, banks are likely to increase their lending activities and issue more loans to individuals and businesses.
By increasing the availability of loans, banks can stimulate borrowing and investment in the economy. This can lead to increased economic activity, as businesses have access to funding for expansion and individuals can obtain financing for various purposes.
Lowering the required reserve rate by the Fed can incentivize banks to issue more loans. This action aims to promote economic growth by increasing the availability of credit in the market. However, the actual response of banks may also depend on other factors such as the overall economic conditions, market demand for loans, and the risk appetite of banks.
To know more about bank , visit :
https://brainly.com/question/7275286
#SPJ11
On January 20 2021 index is at 800 units. The variance of the index returns is 10% while the risk free interest rate is 2% annually (with compound interest). By using the Black Scholes model, calculate the market purchase rights in the index with exercising price 820 and maturity 1 month (30 days). N (d1) = 0.418 and N(d2) = 0.383. Calculate and choose one of the following:
a. 17.1
b. 13.1
c. 21.1
d. 25.1
The market purchase right using the Black Scholes model is (a) 17.1
The formula for the Black Scholes model is:
C = SN(d1) - Xe^(-rT)*N(d2)
Where:
C = market purchase right S = index price = 800 d1 = [ln(S/X) + (r+(σ^2/2))T] / [σ * sqrt(T)] d2 = d1 - σsqrt(T) X = exercising price = 820 r = risk-free interest rate = 2% T = time to maturity (in years) = 30/365 σ = volatility = square root of variance = sqrt(10%) = 0.1
Calculating d1 and d2:
d1 = [ln(800/820) + (0.02+(0.1^2/2))(30/365)] / [0.1 * sqrt(30/365)] = 0.418 d2 = 0.418 - 0.1sqrt(30/365) = 0.28
Plugging in the values:
C = 8000.418 - 820e^(-0.02*(30/365))*0.283 = 17.1
Therefore, the correct answer is a. 17.1.
for more such questions on market
https://brainly.com/question/25309906
#SPJ11
1. in carlos' experience, people in this country seek to reduce inequalities in money and wealth.
In carlos' experience, people in this country seek to reduce inequalities in money and wealth is true.
Based on Carlos' experience, it is stated that people in this country seek to reduce inequalities in money and wealth. Therefore, the direct answer is true.
In many countries around the world, there is a growing awareness of income and wealth inequalities and a desire to address and reduce these disparities. Societies are recognizing that a high level of inequality can lead to social and economic problems, including poverty, social unrest, and a lack of equal opportunities.
Efforts to reduce inequalities can take various forms, such as implementing progressive tax systems, providing social welfare programs, promoting inclusive economic policies, and investing in education and skill development. Governments, organizations, and individuals may actively work towards creating a more equitable distribution of wealth and ensuring that everyone has access to basic needs, opportunities, and resources.
It's important to note that the extent and specific approaches to addressing inequality may vary from country to country. Different cultures, political ideologies, and economic systems can influence the priorities and strategies adopted by each nation. However, the overall trend towards seeking to reduce inequalities is a global phenomenon driven by a desire for social justice and a more inclusive society.
Based on Carlos' experience, it is evident that people in this country are actively seeking to reduce inequalities in money and wealth. This aligns with the broader global trend of recognizing the importance of addressing income and wealth disparities for the well-being and stability of societies.
To know more about Inequalities-in-Money, visit
https://brainly.com/question/14378068
#SPJ11
Exercise 5-12 Analysis of inventory errors LO A2 Vibrant Company had $980,000 of sales in each of Year 1, Year 2, and Year 3, and it purchased merchandise costing $540,000 in each of those years. It also maintained a $280,000 physical inventory from the beginning to the end of that three-year period. In accounting for inventory, it made an error at the end of Year 1 that caused its Year 1 ending inventory to appear on its statements as $260,000 rather than the correct $280,000. Required: 1. Determine the correct amount of the company's gross profit in each of Year 1 Year 2, and Year 3. 2. Prepare comparative income statements to show the effect of this error on the company's cost of goods sold and gross profit for each of Year 1 Year 2, and Year 3. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Determine the correct amount of the company's gross profit in each of Year 1, Year 2, and Year 3. VIBRANT COMPANY Comparative Income Statements Year 1 Year 2 Year 3 3-year total Cost of goods sold Cost of goods sold Gross profit $ 0 $ $ 0 $ Required 1 Required 2 > Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Prepare comparative income statements to show the effect of this error on the company's cost of goods sold and gross profit for each of Year 1, Year 2, and Year 3. VIBRANT COMPANY Comparative Income Statements Year 1 Year 2 Year 3 3-year total Cost of goods sold Cost of goods sold Gross profit $ 0 $ 0 Required 1 Required 2 >
Required 1
The accurate gross profit figures for the company in Year 1, Year 2, and Year 3 are stated below:
The Gross ProfitIn the first year, the amount available is one hundred thousand dollars.
In the second year, the amount of money available is $100,000.
In the third year, an amount of $100,000 will be allocated.
Required 2
The comparative income statements to show the effect of this error on the company's cost of goods sold and gross profit for each of Year 1, Year 2, and Year 3 is as follows:
Year 1
Income Statement Correct Error Total
Sales $980,000 $0 $980,000
Cost of goods sold $800,000 $20,000 $820,000
Gross profit $180,000 $0 $180,000
Year 2
Income Statement Correct Error Total
Sales $980,000 $0 $980,000
Cost of goods sold $800,000 $20,000 $820,000
Gross profit $180,000 $0 $180,000
Year 3
Income Statement Correct Error Total
Sales $980,000 $0 $980,000
Cost of goods sold $800,000 $20,000 $820,000
Gross profit $180,000 $0 $180,000
As you can see, the error in Year 1 resulted in an understatement of cost of goods sold and an overstatement of gross profit by $20,000. This error was carried forward to Year 2 and Year 3, resulting in the same understatement of cost of goods sold and overstatement of gross profit in those years.
Read more about gross profit here:
https://brainly.com/question/942181
#SPJ1
Mark and Mary are a couple who are both employed in the energy industry in Texas. Mary works as an accountant for a large oil company and Mark supervises drilling activity across the state for a medium-sized oil production company. Lately, oil prices have taken a deep plunge and Mark is worried about losing his job as oil companies cut back supply. If Mark is laid off from his job, Mark and Mary should O reassess their financial plan after Mark has been out of work for six months. O withdraw money from their emergency fund to maintain their lifestyle. O keep their financial plan in place so that they can be sure to achieve their future goals. O reassess their financial plan and adjust their financial goals to conform to their new situation.
If Mark is laid off from his job, Mark and Mary should reassess their financial plan and adjust their financial goals to conform to their new situation.
Mark and Mary should reassess their financial plan and adjust their financial goals to conform to their new situation because Mark is worried about losing his job as oil companies cut back supply and if it happens they need to face the financial crisis.
Reassessing their financial plan will allow them to address the change in their financial situation to ensure that they can continue to live comfortably and achieve their financial goals. It is always important to reassess one's financial plan regularly to ensure that it is still in line with the current situation and needs. If Mark is laid off from his job, Mark and Mary should reassess their financial plan and adjust their financial goals to conform to their new situation. It will allow them to make a new strategy to fulfill their financial requirements. They need to consider their monthly expenses and start saving by cutting their unnecessary spending.
To learn more about "Financial Plan" visit: https://brainly.com/question/28007394
#SPJ11
If velocity is constant over time, then a positive change in the money supply will lead to: Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an
If velocity is constant over time, then a positive change in the money supply will lead to positive change of same proportion in nominal GDP. Option A is the correct answer.
The nominal gross domestic product of a nation measures economic output while also taking into account current pricing for goods and services. The monetary worth of the products and services produced is the standard way to calculate GDP. Option A is the correct answer.
Nominal GDP can overstate the growth rate since it does not account for the rate of price increases when comparing one period to another. Growing pricing rather than an increase in the quantity of goods and services produced may be the cause of nominal GDP growth from year to year. Real GDP begins with nominal GDP but also takes into account price changes throughout time.
Learn more about GDP here:
https://brainly.com/question/1383956
#SPJ4
The complete question is, "If velocity is constant over time, then a positive change in the money supply will lead to:
A. positive change of same proportion in nominal GDP
B. a negative change of same proportion in nominal GDP
C. no change in nominal GDP
D. there is not enough information to determine this outcome"