Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume that the price of X is $60, the price of Y is $30 and Rafe has an weekly income of $180. Which of the following is true? He can afford 6 units of good Y. His budget line has a slope of 1/3. He can afford 6 units of good X. His budget line has a slope of −1/3.

Answers

Answer 1

Answer:

True : He can afford 6 units of good Y'

Explanation:

Budget Line is a combination of two goods, consumer can afford with entire given money income & prices.

Equation : p1 x1 +p2 x2 = m. Here p1 & p2 are prices of two goods, x1 & x2 are quantities of two goods, m is money income.

Intercept of budget line is max quantity of a good consumer can buy spending only on either good. Formula = m / p1 & m / p2

As : m = 180 , p1 (px) = 60 , p2 (py) = 30 . Intercepts (x & y) = 180 / 60 = 3 & 180 / 30 = 6 respectively.

So, 'He can afford 6 units of good Y' is True. 'He can afford 6 units of good X' is False.

Slope shows the trade off of goods, given money income & price. Formula = = p1 / p2 = px / py = 60 / 30 = (-) 2. 'His budget line slope = 1/3 or -1/3', both are False

Related Questions

Information you might study in a particular class is called (blank)

an elective

a club

curriculum

an internship

Answers

Answer:

curriculum is the correct answer right no

Answer:

Information you might study in a particular class is called curriculum

_____________ planning focuses on delivering products or services to consumers as well as warehousing, delivering, invoicing, and payment collection.

Answers

Answer:

Distribution

Explanation:

Distribution is one of the phases in production. It is often said that production is not complete until goods and services gets to the final consumers. Distribution planning entails getting the goods produced to consumers as well as warehousing them. It also entails delivery, invoicing and payment collections.

As the last chain in production processes, distribution planning makes goods and services produced gets to the final consumes whilst also taking care of the logistics involved and payment collections.

John Company could buy a machine that costs $72,000. It is estimated that it earn nothing until year five, then earn $150,000 in year 5. If the discount figures are .567 for cash received at the end of five years and 3.605 for payments received every year for five years, what is the net present value for this machine

Answers

Answer:

$13,050

Explanation:

Net present value is a method of capital budgeting.

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

Net present value = (cash flow in year 5 x year 5 discount rate) - Initial Investment

($150,000 x 0.567) - $72,000

85,050 - $72,000 = $13,050

Fixed costs are $1500000 and the variable costs are 75% of the unit selling price. What is the break-even point in dollars?

Answers

Answer:

$6,000,000

Explanation:

Calculation to determine the break-even point in dollars

Using this formula

Break-even point (Dollars)=Fixed costs/(1-Variable costs percentage of unit selling price)

Let plug in the formula

Break-even point (Dollars)=$1,500,000/ (1-.75)

Break-even point (Dollars)=$1,500,000/.25

Break-even point (Dollars)=$6,000,000

Therefore the break-even point in dollars is $6,000,000

The Beranek Company, whose stock price is now $30, needs to raise $13 million in common stock. Underwriters have informed the firm's management that they must price the new issue to the public at $25 per share because of signaling effects. The underwriters' compensation will be 6% of the issue price, so Beranek will net $23.50 per share. The firm will also incur expenses in the amount of $165,000. How many shares must the firm sell to net $13 million after underwriting and flotation expenses

Answers

Answer:

858,085 shares must be sold

Explanation:

Net amount to be raised $ 13,000,000

Add: floatation expenses 165,000

Amount to be available after

payment of underwriting compensation 20,165,000

No of shares to be issued at 23.50 $ = 20,165,000/23.50 = shares, rounded off to 858,085 shares.

858,085 shares must be sold

Braden and Sons, Inc., paid cash to purchase equipment costing $342,000 this year. Also this year, the company sold for $70,000 cash equipment that originally cost $230,000 5 years ago. How should these transactions be listed in the statement of cash flows

Answers

Answer:

The purchases and the sales of equipment must be shown separately as a decrease to cash for $342,000 (purchase) and an increase of $70,000 (sale).

Explanation:

Since the cash is paid for purchased an equipment so the same should be shown in the investing activities as the cash outflow and the company sold $70,000 cash equipment so this also to be shown as the investing activities as the cash inflow

Therefore the last option is correct

In listing these transactions in the Statement of Cash Flows, the proper thing to do is: The purchases and the sales of equipment must be shown separately as a decrease to cash for $342,000 (purchase) and an increase of $70,000 (sale).

The Statement of Cashflows:

Shows the cash transactions of a company Can only show transactions involving actual cash

The amount that was used to purchase equipment was in cash so this will reduce the amount of cash that the company has.

The cash received from the sale of the equipment will be an increase in the company's cash. The previous price of the equipment is irrelevant because it does not involve cash.

In conclusion, the cash made should be added and the cash spent should be deducted.

Find out more at https://brainly.com/question/735261.

Claremont Company specializes in selling refurbished copiers. During the month, the company sold 220 copiers for total sales of $836,000. The budget for the month was to sell 215 copiers at an average price of $4,000. The sales price variance for the month was:

Answers

Answer:

$44,000 Unfavourable

Explanation:

Given the above information, sales price variance is computed as

= (Actual sales price - Standard/Budgeted sales price) × Actual units sold

Actual sales price = $836,000/220 = $3,800

Standard sales price = $4,000

Actual units sold = 220

= ($3,800 - $4,000) × 220

= $44,000 Unfavourable

The above is unfavourable sales price variance because you can sell the copier at a higher price of $4,000 than the actual price of $3,800

4. Suppose that the exchange rate adjusts so that interest-rate parity holds. Further, suppose the interest rate on a one-year South Koran bond is 6 percent and the interest rate on a one-year U.S. bond is 2 percent. a) If you expect the exchange rate in one year to be 1,100 South Korean won per USD, what is the exchange rate today

Answers

Answer:

The exchange rate today is 1,058.5

Explanation:

Interest rate on 1 year South Korean bond = 6% or 0.06

Interest rate on 1 year U.S. bond = 2% or 0.02

Expected Exchange rate in 1 year = 1,100 South Korean won per USD. Let the Exchange rate today = x

[(Interest rate on South Korean bond - Interest rate on U.S. bond)/(1 + Interest rate on 1 year U.S. bond)] + 1 = (Expected Exchange rate in 1 year)/(Expected Exchange rate today)

[(0.06 - 0.02)/(1 + 0.02)] + 1 = 1,100/x

x = [0.04/1.02] + 1 = 1,100/x

x = 1,100/1.0392

x = 1,058.50

So therefore, the exchange rate today is 1,058.5

Antony Johnson works in the human resources department of a small wholesale company. His boss has delegated to Johnson the job of finding a replacement for the company's shipping dock supervisor who has recently retired. Johnson will have total responsibility for filling this position. Johnson will be:

Answers

Answer:

made accountable

Explanation:

In an organisation when total responsibility is placed on a staff for a particular task, he is accountable for the outcome.

In the given scenario his boss has delegated to Johnson the job of finding a replacement for the company's shipping dock supervisor who has recently retired.

Johnson will need to find a person that meet the technical and moral standards that the job requires.

Johnson will be held accountable for the performance of the replacement staff.

The marketing manager at Home Depot works with Hunt Advertising to coordinate all promotional messages for a product or a service. For example, to sell the new line of lighting fixtures, the marketing manager and Hunt Advertising make sure that all messages are consistent at every contact point at which Home Depot interacts with the consumer. This is an example of _______. a. AIDA model b. content marketing c. integrated marketing communications (IMC) d. promotional mix

Answers

Answer:

The answer is "Choice d"

Explanation:

The Advertising Mix is the integration of publicity, personal selling, advertising, and marketing. To maintain a sustainable mix of those promotional resources, advertisers need to look only at the following questions. It really is the company's promotional software. With the assistance of the marketing manager and a 3rd parties advertiser, they sell the offering.

Assume a portfolio is worth $70,000, consisting of X, Y, and cash. Also assume you invested $35,000 in X, $14,000 in Y and the rest in cash, and that X and Y have betas of 1.45 and 0.80 respectively. Calculate the portfolio beta. (Provide numerical answer to 3 decimal places.)

Answers

Answer:

0.885

Explanation:

Beta measures systemic risk. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio

weighed beta of a stock = percentage of the stock in the portfolio x beta of the stock

Percentage of x = $35,000 / 70,000 = 0.5 = 50%

Percentage of y = $14,000 / 70,000 = 0.2 = 20%

Percentage of cash = 100 - (50 + 20) = 30%

Cash usually have a beta of zero

portfolio beta = (0.5 x 1.45) + (0.2 x 0.8) + (0.3 x 0) =

0.725 + 0.16 + 0 = 0.885

0.725

0.16

Which pathways are part of the Human Services career cluster? Select all that apply.

o Counseling and Mental Health Services

o Support Services

o Family and Community Services

o Early Childhood Development and Services

o Therapeutic Services

o Consumer Services

o Personal Care Services

Answers

Answer:

consumer services

counseling and mental health services

early childhood development and services

family and community services

personal care services.

Explanation:

The Human Services Career Cluster are simply skills that prepares one to take on jobs that cater for human and family needs. This job could either be as a social worker, pedicurist, etc, as human needs will be addressed.

The pathways which are part of the Human Services career cluster include consumer services

counseling and mental health services

early childhood development and services

family and community services

personal care services.

Answer:

A,C,D,F,G

Explanation:

Using the following selected items from the comparative balance sheet of Kato Company, illustrate horizontal and vertical analysis.
HORIZONTAL VERTICAL
ANALYSIS ANALYSIS
December 31, December 31, 2019 December 31, 2020 December 31, 2019
2020
Accounts
Receivable $720,000 $630,000
Inventory 450,000 360,000

Answers

Answer:

Kato Company

a. Vertical Analysis:

December 31, 2020 % December 31, 2019 %

Accounts

Receivable $720,000 61.5% $630,000 63.6%

Inventory 450,000 38.5% 360,000 36.4%

Total current assets $1,170,000 100% $990,000 100%

b. Horizontal Analysis:

December 31, 2020 Change December 31, 2019

Accounts

Receivable $720,000 +14.3% $630,000

Inventory 450,000 +25% 360,000

Total current assets $1,170,000 +18.2% $990,000

Explanation:

a) Data and Calculations:

December 31, 2020 December 31, 2019

Accounts

Receivable $720,000 $630,000

Inventory 450,000 360,000

Total current assets $1,170,000 $990,000

December 31, 2020 % December 31, 2019 %

Accounts

Receivable $720,000 61.5%(720/1,170) $630,000 63.6% (630/990)

Inventory 450,000 38.5% (450/1,170) 360,000 36.4%(360/990)

Total current assets $1,170,000 100% (1,170/1,170) $990,000 100% (990/990)

December 31, 2020 Change December 31, 2019

Accounts

Receivable $720,000 +14.3% (720-630)/630 $630,000

Inventory 450,000 +25% (450-360)/360 360,000

Total current assets $1,170,000 +18.2% (1,170-990)/990 $990,000

b) The vertical analysis of Kato's balance sheet items focuses on the relationships between the line items in a single reporting period, while horizontal analysis focuses on multiple reporting periods, reporting on the changes between the accounting periods.

thoughtful is to considerate as

Answers

Answer:

thoughtful is to considerate as courage is to bravery?

Which of these are considered both short- and long-term investments? Select four options.
CDs
stocks
savings accounts
mutual funds
bonds
commodities

Edge answers please

Answers

Answer:

CDs

Stocks

Mutual funds

Commodities

Explanation:

'Investments' are defined as the 'process of allocating money having an aim of receiving a profit.'

The items that can be considered as both the short, as well as, long-term investments would be:

A). CDs

B). Stocks

C). Mutual funds

E). Commodities

A CD or Certificate of Deposit(CD) is characterized as both the 'short, as well as, long-term' investment because it provides interest and offers a lump-sum on its maturity. Stocks are also such an investment as it offers both intra-day trade and long-term holding options as well. Mutual funds are also a good option for generating both regular incomes in the short-term and big capital gain over a time period. Commodities like gold, crude oil, etc. also offer such an option as it is the item whose price keeps growing and thereby providing an opportunity to earn.

Thus, options A, B, C, and E are the correct answers.

Learn more about 'short-term investment' here:

brainly.com/question/16462918

Decentralizing Group of answer choices Is a trend that creates a head-quarter office Organizes business in independent business units Creates a more complex and less robust organization Decisions are made at the headquarters

Answers

Hi my name is Jeff and I will be your assistant today

"You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.05 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio?"

Answers

Answer: 1.95

Explanation:

The beta for the other stock in the portfolio will be calculated thus:

Portfolio Beta = (BetaA × WeightA) + (BetaB × WeightB) + (BetaC × WeightC)

= (BetaA × 1/3) + (1.05 × 1/3) + (0 × 1/3)

= (BetaA × 1/3) + 0.35 + 0

Beta A = 1-0.35 × 3

Beta A = 0.65 × 3

Beta A = 1.95

According to the U.S. Bureau of Labor Statistics, there were 100,800 chefs/head cooks employed in the United States in 2010 and 320,900 food service managers. Those numbers were projected to decrease to 98,800 and 311,000 by 2020. Which job was facing the larger percent decrease

Answers

Answer:

Foodservice managers

Explanation:

Considering the data available in the question we have the following:

In 2010 => Chefs / head cooks - 100,800 personnel

In 2010 => Foodservice managers = 320,900 personnel

In 2020 => Chefs/head cooks = 98,800

In 2020 => Foodservice managers = 311,000

The difference in chefs/head cooks = 100,800 - 98,000 = 2,000

While that of Food service managers = 320,900 - 311,000 = 9,900

Hence, percentage for chefs / head cooks = 2000/108900 = 1.98% decrease

Percentage of fold service managers = 9900/320900 = 3.09% decrease.

Hence, in this case, Foodservice managers facing a larger percentage decrease.

There are historically three 32-month periods of generally rising prices in the stock market for every one 9-month period of falling prices. This observation leads you to conclude that the stock market exhibits a: random pattern. trend pattern seasonal pattern. cyclical pattern.

Answers

Answer:

cyclical pattern

Explanation:

In the given situation, it is mentioned that the data represent an upward trend and it shows an downward trend for exact 32 months and 9 months so here we can say that the data should be of cyclical in nature

So as per the given situation, it is the cyclical pattern

Therefore the same to be considered and relevant

"Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $1.12 per unit, and the variable labor cost is $1.9 per unit. a. What is the variable cost per unit? b. Suppose the company incurs fixed costs of $420,000 during a year in which total production is 189,000 units. What are the total costs for the year? c. If the selling price is $8.55 per unit, what is the NSI break-even on a cash basis? d. If depreciation is $94,500 per year, what is the accounting break-even point?"

Answers

Answer:

Night Shades Inc. (NSI)

a. The variable cost per unit is:

= $3.02.

b. The total costs for the year is:

= $990,780.

c. The NSI break-even on a cash basis is:

= $503,091.

d. The accounting break-even point is:

= $647,150.

Explanation:

a) Data and Calculations:

Variable costs per unit:

Materials = $1.12

Labor = 1.90

Total = $3.02

Total production units = 189,000

Total variable costs = $570,780

Fixed costs = $420,000

Total costs = $990,780

Per unit:

Selling price = $8.55

Variable costs 3.02

Contribution $5.53

Contribution margin in percentage = $5.53/$8.55 * 100 = 64.7%

Fixed costs on cash basis = FC - Depreciation = $325,500 ($420,000 - $94,500)

Break-even point on a cash basis = $325,5000/0.647 = $503,091

Break-even point in sales dollars = $420,000/0.647 = $647,150

Waterpark Co. had a decrease in deferred tax liability of $38 million, a decrease in deferred tax assets of $28 million, and an increase in tax payable of $118 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was: Group of answer choices

Answers

Answer:

the total income tax expense is $208 million

Explanation:

The computation of the total income tax expense for the year is shown below;

Income tax expense = Increase in tax payable + decrease in deferred tax assets - decrease in deferred tax liability

= $118 million + $128 million - $38 million

= $208 million

Hence, the total income tax expense is $208 million

Sheryl Hansen started a business on May 1, 20--. Analyze the following transactions for the first month of business using T accounts. Label each T account with the title of the account affected and then place the transaction letter and the dollar amount on the debit or credit side.

a. Invested cash in the business, $3,100.
b. Bought equipment for cash, $500.
c. Bought equipment on account, $800.
d. Paid cash on account for equipment purchased in transaction (c), $300.
e. Withdrew cash for personal use, $700.

Answers

Answer:

Sheryl Hansen

T- Accounts

Cash

Account Titles Debit Credit

a. Sheryl Hasen, Capital $3,100

b. Equipment $500

d. Accounts Payable 300

e. Sheryl Hasen, Drawings 700

Sheryl Hasen, Capital

Account Titles Debit Credit

a. Cash $3,100

Equipment

Account Titles Debit Credit

b. Cash $500

c. Accounts Payable 800

Accounts Payable

Account Titles Debit Credit

c. Equipment $800

d. Cash $300

Sheryl Hasen, Drawings

Account Titles Debit Credit

e. Cash $700

Explanation:

a) Data and Analysis:

a. Cash $3,100 Sheryl Hasen, Capital $3,100

b. Equipment $500 Cash $500

c. Equipment $800 Accounts Payable $800

d. Accounts Payable $300 Cash $300

e. Sheryl Hasen, Drawings $700 Cash $700

The comparative balance sheets for Pina Colada Corp. show these changes in noncash current asset accounts: accounts receivable decreased $78,500, prepaid expenses increased $28,200, and inventories increased $41,700. Compute net cash provided by operating activities using the indirect method, assuming that net income is $226,500.

Answers

Answer:

Cash Flow from Operating Activities

Net Income $226,500

Decrease in Accounts Receivable $78,500

Increase in Prepaid Expenses -$28,200

Increase in Inventories -$41,700

Cash Provided by Operating Activities $235,100

Castille Corp. purchases, for $600,000, land upon which a building and a dilapidated shed are situated. Castille plans to use the building as-is for operations but immediately razes the shed at a cost of $5,000 minus scrap recovery of $1,000. A recent tax appraisal of the property allocated $100,000 to the land and $400,000 to the building. In the entry to record the acquisition of the property, at what amount will Castille debit Land

Answers

Answer:

$120,800

Explanation:

Give that;

Cost of land = $600,000

Associated expenses :

Razing down the shed = $5,000

Income from scrap = $1,000

Total expenses = $4,000

The total cost of the land would be;

Total cost of land = Cost of land + Total expense

= $600,000 + $4,000

= $604,000

Tax allocation: land and building = $500,000

Land allocation will now be

= 100,000/500,000 × $604,000

= 0.2 × $604,000

= $120,800

The discount rate used to calculate the net present value of a capital budgeting project should be: a. The risk-free rate. b. The weighted average cost of capital. c. LIBOR. d. The internal rate of return.

Answers

Answer:

Explanation:

Capital budgeting is the determination of the profitability of proposed investments

One of the capital budgeting methods is the net present value

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

the Weighted cost of capital is used to determine NPV

WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate)

It is the minimum rate of return a company expects from a project

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested. It is a captial budgeting method

Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard deviation of 16%. B has an expected rate of return of 8% and a standard deviation of 12%. The risk-free portfolio that can be formed with the two securities will earn a(n) _____ rate of return.

Answers

I’m sorry for making it happen again but it’s not like that

On January 1, a company issued and sold a $399,000, 9%, 10-year bond payable, and received proceeds of $394,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:

Answers

Answer:

Cash Interest payable on Bond = $399,000*4.5% = $17,955

Discount to be amortized = ($399,000-$394,000)/20 = $250

Interest expense = $17,955+$250 = $18,205

Date Journal Entry Debit Credit

Interest Expense $18,205

Discount on bonds payable $250

Cash $17,955

The Chewbacca Starship Company had the following transactions during the month of December:

a. purchased inventory on account for $230,000 (assume Chewbacca uses a perpetual inventory system)
b. paid $57,000 in salaries to employees for work performed during the month
c. sold merchandise that cost $154,000 to credit customers for $285,000
d. collected $265,000 in cash from credit customers
e. paid suppliers of inventory $210,000.

Required:
Post the above transactions to the T-accounts. Assume that the opening balances in each of the accounts is zero except for cash, accounts receivable, and accounts payable that had opening balances of $73,500, $60,000, and $39,000, respectively.

Answers

Answer:

The Chewbacca Starship Company

T-accounts:

Cash