a. The contract that Jamie entered into for the purchase a washer and dryer based on an in-store credit card with McKinney Appliances constitutes an enforceable security interest.
The enforceability of the contract stems from the fact that Jamie freely agreed to use the store's credit and the agreement was not a fraud. With this security interest, McKinney Appliances officially establishes its security interest in the washer and dryer. It can exercise the claim in the appliance when Jamie fails to honor the agreement.
b. Yes. It is an enforceable contract. This contract involves the sale of goods with a down payment and credit.
Thus, McKinney Appliances can legally force Jamie to pay on his account, failing which, McKinney Appliances may recover Washer and Dryer.
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Option A is an enforceable security interest while option B is not.
The security interest must be linked to a real sale. This means that it can only be established if it is linked to a sale that brings new values into the buyer's assets.
A security intererest agreement must be entered into in connection with the sale. This means that it must be entered into before the item for sale is handed over to the buyer.
Loans can only be given for what is covered by the sale: This means that you can not get a car loan for additional equipment / upgrades that are bought afterwards and / or by someone other than the seller.
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If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then _____.
If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.
Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.
They can sometimes reduce production to increase the price of their goods and services.
The government can regulate the activities of monopolies by making their price equal to the marginal cost.
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Like other limited liability companies, for federal jurisdictional purposes, Rodeo Productions LLC is most likely a citizen of
There are different kinds of company that exist.
This is most likely a citizen of every state of which its members are citizens.
Limited liability company is often set up as a form of legal protection for shareholders and owners that hinders people from being held personally responsible for their company's debts or financial losses.In some business structures, such as corporations and limited companies, firms are registered as a seperate legal bodies. States were members are citizen connote that evey shareholders are from one locality.
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How to make your own website ?
Answer:
Use visual studio code
Explanation:
You want to then make HTML code and CSS code 2 different files that corillate together and you need a header, footer, main, functions is CSS etc
What value is usually
associated with the term
(Y)"?
A. Interest Rate
B. Real Output
C. Equilibrium Price
D. M1
Answer:
B real output. Have a great Friday. Enjoy the weekend.
The Copper Grill has the following current assets: cash, $11 million; receivables, $44 million; inventory, $45 million; and other current
assets $3 million. The Copper Grill has the following liabilities: accounts payable, $37 million; current portion of long-term debt, $6
million; and long-term debt, $11 million.
Based on these amounts, calculate the current ratio and the acid-test ratio.
Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill. (Round your answers to 2 decimal
places.)
The Copper Grill
Current ratio
Acid-test ratio
Answer:
Current ratio:
Current ratio=current assets/ current liabilities
Current assets= 11 million + 55 million +40 million + 6 million= 112 million
Current liabilities= 37 million + 8 million= 45 million
Current ratio= 112 million/ 45 million= 2.49
The current ratio is a liquidity ratio that assesses a firm's capacity to pay short-term or one-year obligations. It explains to investors and other stakeholders how a firm might use current assets on its balance sheet to pay off current debt and other obligations.
The current ratio is called "current" because it includes all current assets and liabilities, unlike many other liquidity ratios. The working capital ratio is another name for the current ratio.
Analysts determine the ratio by comparing a company's current assets and liabilities. Cash, accounts receivable, inventory, and other current assets (OCA) that are projected to be liquidated or converted into cash in less than one year are reported as current assets on a firm's balance sheet. Accounts payable, wages, taxes payable, short-term loans, and the current portion of long-term debt are all examples of current liabilities.
Acid-test ratio
Acid test ratio= quick assets/ current liabilities
Quick assets= 11 million+ 55 million= 66 million
Current liabilities= 45 million
Acid test ratio= 66 million/ 45 million= 1.47
The acid-test ratio (ATR), also known as the quick ratio, calculates how well current assets can pay current obligations to determine a company's liquidity. Only the most liquid current assets that can be turned into cash in 90 days or less are used in the quick ratio.
The quick ratio is computed by dividing the total cash and equivalents, accounts receivables, and marketable investments by current liabilities.
Companies should aim for a ratio of 1.0 or above, indicating that they have sufficient current assets to meet their short-term debt commitments or expenses.
Explanation:
Current ratio= 112 million/ 45 million= 2.49
Acid test ratio= 66 million/ 45 million= 1.47
The current ratio and the acid-test ratio for The Copper Grill are 2.60 and 1.55 respectively.
What is a good current ratio?A healthy current ratio is between 1.2 and 2, indicating that the company has twice as many current assets as liabilities to cover its debts. A current ratio of less than one indicates that the company lacks sufficient liquid assets to satisfy its short-term liabilities.
Given
cash, $11 million
receivables, $44 million;
inventory, $45 million
other current assets $3 million
accounts payable, $37 million;
current portion of long-term debt, $6 million
long-term debt, $11 million
Required to Calculate the Current ratio and Acid-test ratio =?
Current ratio = Current Assets / Current Liability
Current Assets = cash + receivables + inventory + other current assets
= 11 + 44 + 45 + 3 = $112 million
Current Liability = accounts payable + current portion of long-term debt
= 37 + 6 = $43 million
Current ratio = Current Assets / Current Liability
Current ratio = 112 / 43 = 2.60
Acid-test ratio = Current Assets - Inventory / Current Liability
= 112 - 45 / 43
Acid-test ratio = 1.55
Thus, The Copper Grill's current ratio and acid-test ratio are 2.60 and 1.55, respectively. The current ratio calculates a company's ability to pay short-term or current liabilities, such as payables and loans, with short-term or current assets, such as receivables, inventories, and cash.
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Molly Jasper and her sister, Caitlin Peters, got into the novelties business almost by accident. Molly, a talented sculptor, often made little figurines as gifts for friends. Occasionally, she and Caitlin would set up a booth at a crafts fair and sell a few of the figurines along with jewelry that Caitlin made. Little by little, demand for the figurines, now called Mollycaits, grew, and the sisters began to reproduce some of the favorites in resin, using molds of the originals. The day came when a buyer for a major department store offered them a contract to produce 1,480 figurines of various designs for $9,500. Molly and Caitlin realized that it was time to get down to business. To make bookkeeping simpler, Molly had priced all of the figurines at $7.69. Variable operating costs amounted to an average of $5.87 per unit. To produce the order, Molly and Caitlin would have to rent industrial facilities for a month, which would cost them $4,500
a. Calculate Mollycaits' operating breakeven point.
b. Calculate Mollycaits' EBIT on the department store order.
c. If Molly renegotiates the contract at a price of $9.51 per figurine, what will the EBIT be?
d. If the store refuses to pay more than $7.69 per unit but is willing to negotiate quantity, what quantity of figurines will result in an EBIT of $3,700?
e. At this time, Mollycaits come in 15 different varieties. Whereas the average variable cost per unit is $5.87, the actual cost varies from unit to unit.
f. What recommendation would you have for Molly and Caitlin with regard to pricing and/or the numbers and types of units that they offer for sale?
a. The computation of Mollycaits' operating break-even point is 2,473 units ($4,500/$1.82).
b. The calculation of Mollycaits' EBIT on the department store order is $812.40 ($9,500 - $8,688).
c. If department stores' price were $9.51, the EBIT will be $5,387 ($14,075 - $8,688).
Note that for (b) and (c), the fixed cost is not considered.
d. Without paying more than $7.69, the quantity that will result in an EBIT of $3,700 is 4,505 units ($4,500 + $3,700)/$1.82
e. Varieties of Mollycaits = 15 with variable cost of $5.87
f. The recommendation to Molly and Caitlin with regard to pricing and varieties to offer is that, while the company can varieties to suit the needs of customers, it must ensure that it does not price them below $5.87, its operating cost.
Data and Calculations:
Special contract:
Units of figurines offered = 1,480
Sales value of offer = $9,500
Selling price per unit = $6.42 ($9,500/1,480)
Variable operating cost = $5.87
Contribution margin per unit = $0.55 ($6.42 - $5.97)
Normal business:
Estimated average price per unit = $7.69
Variable operating cost = $5.87
Contribution margin per unit based on average price = $1.82 ($7.69 - $5.87)
Fixed cost per month = $4,500
Thus, Molly and Caitlin can offer various types of figurine, but they must sell at least 2,473 units to break-even.
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For each situation below, state whether it is an example of the income effect changing quantity demanded or an example of a change in income shifting demand.
a. The mean income in Detroit rises and people purchase more homes. _______________
b. The price of frozen pizza decreases, making frozen pizza more popular among college students. ______________
c. A recession forces many people out of work and more people purchase ramen noodles than before. ____________
d. An increase in the price of game consoles decreases sales, as fewer people can afford them. _______________
The following are examples of the the income effect changing quantity demanded :
The price of frozen pizza decreases, making frozen pizza more popular among college students.An increase in the price of game consoles decreases sales, as fewer people can afford themThe following are examples of a change in income shifting demand:
The mean income in Detroit rises and people purchase more homes.A recession forces many people out of work and more people purchase ramen noodles than before.The income effect leading to a change in quantity demanded arises when a change in the price of the good changes. Here purchasing power changes yet money income remains constant. The income effect leads to movement among the demand curve for the good.
A change in income that leads to a shift in demand occurs when there is a change in income leading to either an outward or inward shift of the demand curve.
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In 2015 Paul Gauguin's painting When Will You Marry sold for $300 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable?" Provide an answer.
Answer:
Answer: The original painting is valuable because there is demand tor it in the market The demand is derived demand because the buyer wants to show his status in the society, and it could only be possible by associating with it. He is also the ones
Because there is a market for it, the original painting is valuable. The buyer wants to demonstrate his social standing, which drives demand.
What is Law of demand ?According to the law of demand, the quantity bought varies inversely with price. In other words, if the price increases the demanded quantity decreases.
He is also the person who paid the most to reserve the painting. The individual who values it the highest will get it if there is only a limited supply on the market. Some people strongly prefer the original picture and would not pay for it even though there are duplicates on the market.
The demand will then increase significantly. The original picture is represented by the demand curve in the aforementioned graph. when there is only one surviving original master work At equilibrium, the market's price is high.
Hence the original painting's demand is high and quantity is less, that's why it is sold for $300 million.
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help pls im having trouble understanding this question
how price reaches equilibrium? give an example
Answer:
Coming back to our example: at the price p = 6 per pencil, the quantity that sellers want to sell is equal to 10, while the quantity demanded is equal to 5 and there is an excess supply of 10 - 5 = 5 units. ... Sellers will continue to lower their price until the market price reaches 4, the equilibrium price.
Explanation:
correct me if I'm wrong thank you
mark me brainliest thanks
#CARRYONLEARNINGPrices reach equilibrium when the quantity demanded is equal to the quantity supplied.
At equilibrium price, the quantity demanded is equal to the quantity supplied.
For example, if the following data for quantity demanded and supplied are provided, the equilibrium price is $5 because it is at this price that quantity demanded and supplied are equal.
Price Quantity demanded Quantity supplied
$1 10 5
$5 8 8
$9 5 10
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Cultural Change
The General Duty Clause imposes requirements on
Answer:
employer
Explanation:
The general duty clause imposes requirements on employer to provide every employee with a place of employment that are causing or a likely to cause death or serious Physical harms.
Michelle is typing an e-mail to team members. The e-mail includes some issues that were discussed during a meeting and decisions that were made. Michelle is writing the _____.
Answer:
issues that were discussed in the meeting
Explanation:
A reading researcher does what
Answer:
They reveal how the author(s) interpreted the findings of their research and presented recommendations or courses of action based on those findings.
Explanation:
Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. Table 12.3 shows last year’s average inventory levels for these items, along with their unit values. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm have? c. What was the inventory turnover last year?
a. The average aggregate inventory value is $336,000.
b. The number of weeks of supply that the firm has is 3 weeks, approximately (2.69 ($336,000/$6,500,000 x 52).
c. The inventory turnover of Sapphire Aerospace for last year was 19.3x.
Question Completion:
Category Part Number Average Value Total Category
Inventory Units per Unit Value Totals
Raw Materials RM-1 20,000 $1 $20,000
Materials RM-2 5,000 5 25,000
RM-3 3,000 6 18,000
RM-4 1,000 8 8,000 $71,000
Work-in-process WIP-1 6,000 10 60,000
WIP-2 8,000 12 96,000 $156,000
Finished goods FG-1 1,000 65 65,000
FG-2 500 88 44,000 $109,000
Total value of inventory $336,000 $336,000
Inventory turnover = Cost of goods sold/Average inventory
= 19.3x ($6,500,000/$336,000)
Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.
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Work ethics are a naturally inherited quality.
Is this statement true or false?
true
false
In which 3 cases would you use the "Add funds to this deposit" grid in a Bank deposit in qbo
Based on accounting operation analysis, the 3 cases where one can use the "Add funds to this deposit" grid in a Bank deposit in QBO include "When a company doesn't need to record sales details."
The other cases where one can use the "Add funds to this deposit" grid in a Bank deposit in QBO include the following:
When an employee reimburses the companyWhen you receive a tax refund from the IRSWhat is QBO?QBO is the acronym for QuickBooks Online Accounting Software. Business firms use it to monitor expenses, coordinate cash flow & establish invoices.
Hence, in this case, it is concluded that QuickBooks Online is a vital tool to possess by any business firm.
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Explain why the government might prefer to provide incentives to private firms to do investment or research and development, rather than simply doing the spending itself?
Answer:
One explaination I have heard is that governments are organized for stability and order, which is good, but what they're not good at is creativity and efficiency. The private sector is better at innovation and speed of execuation.
Explanation:
This is only one possible answer of many. I would not consider this answer to be complete.
Accounting is used to communicate financial information to both internal audiences and external audiences. Internal users are:
a. Only people within a business's accounting and finance departments
b. People within the business like production managers
c. Suppliers that provide goods
d. Contractors that perform work for the business.
Accounting can be regarded as a term used in communicating financial information across to internal audiences as well as external audiences.
These Internal users are been regarded as people within the business, such as production manager.
These information help in making the financial aspect of the company to succeed.
Therefore, option B is correct.
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Interstate Manufacturing is considering either overhauling an old machine or replacing it with a new machine. Information about the two alternatives follows. Management requires a 10% rate of return on its investments.
Alternative 1: Keep the old machine and have it overhauled. This requires an initial investment of $150,000 and results in $50,000 of net cash flows in each of the next five years. After five years, it can be sold for a $15,000 salvage value.
Cost of old machine $111,000
Cost of overhaul 158,000
Annual expected revenues generated 106,000
Annual cash operating costs after overhaul 43,000
Salvage value of old machine in 5 years 16,000
Alternative 2: Sell the old machine for $29,000 and buy a new one. The new machine requires an initial investment of $300,000 and can be sold for a $20,000 salvage value in five years. It would yield cost savings and higher sales, resulting in net cash flows of $65,000 in each of the next five years.
Cost of new machine $291,000
Salvage value of old machine now 34,000
Annual expected revenues generated 94,000
Annual cash operating costs 22,000
Salvage value of new machine in 5 years 15,000
Required:
1. Determine the net present value of alternative 1.
2. Determine the net present value of alternative 2.
3. Which alternative should management select based on net present value?
1. The net present value of Alternative 1 is $90,755.
2. The net present value of Alternative 2 is $14,355 with the sale proceeds of the old machine.
3. Based on the net present value, Interstate Manufacturing should overhaul the old machine instead of replacing it with the new one.
Data and Calculations:
Required rate of return = 10%
Alternative 1 Alternative 2
Cost of old machine $111,000 ($29,000)
Cost of overhaul 158,000 $300,000
Expected annual revenues 106,000 94,000
Expected annual operating costs 43,000 22,000
Net cash flows for 5 yrs 63,000 72,000
Salvage value after 5 yrs 16,000 20,000
PV annuity factor of 10% for 5 years = 3.7908
PV factor of 10% for 5 years = 0.6209
Alternative 1 Alternative 2
PV value of annual net cash flows 238,820 272,937
PV value of Salvage value 9,935 12,418
Present value of cash inflows $248,755 $285,355
Cost of overhaul/Investment (158,000) (300,000)
Proceeds from the sale of old machine 29,000
Net present value $90,755 $14,355
Thus, based solely on the net present values of alternatives 1 and 2, Interstate Manufacturing should overhaul the old machine (alternative 1) because it yields a greater net present value than alternative 2.
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is the value of all goods in an economy using current prices during the year that they were produced
Nominal gross domestic production is the value of all goods in an economy using current prices during the year that they were produced.
What is nominal gross domestic production?This is the value of all goods and services an economy produces, which is done evaluating the GDP at current market prices.
Here, there is no adjustment for inflation in nominal gross domestic production.
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Brand equity is…………………?
Answer:
Brand equity, in marketing, is the worth of a brand in and of itself — i.e., the social value of a well-known brand name.
$1,000 par value zero coupon bonds, ignore liquidity premiums Bond Years to maturity Yield to Maturity A 1 6.00% B 2 7.50% C 3 7.99% D 4 8.49% E 5 10.70% The expected one-year interest rate three years from now should be about _________. 8.00% 7.00 % 9.00% 10.00%
This year Andrews achieved an ROE of 30.2%. Suppose next year the profit margin (Net Income/Sales) increases. Assuming sales, assets and financial leverage remain the same next year, what effect would you expect this action to have on Andrews's ROE
It Is expected that Andrew's ROE would increase.
ROE is a short form of return on equity. ROE is a profitability ratio. It measures the ability of a firm to generate profits from its asset
Return on equity = net income / average total equity
ROE can be decomposed into:
ROE = profit margin x asset turnover x financial leverage
ROE = (Net income / Sales) x (Sales/Total Assets) x (total asset / common equity)
If, profit margin increases, ROE would also increase.
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Prezario's has 25,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $847,000. Currently, the retained earnings account balance is $428,000 and the capital in excess of par value account balance is $187,000. The company just announced a 3-for-1 stock split. What is the common stock account balance after the stock split?
Based on the information given the common stock account balance after the stock split is $25,000.
Using this formula
Common stock account balance=Shares of stock outstanding× Par value
Where:
Shares of stock outstanding=25,000
Par value=$1
Let plug in the formula
Common stock account balance=25,000×$1
Common stock account balance=$25,000
Inconclusion the common stock account balance after the stock split is $25,000.
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Hep help please straightforward answer please thanks thanks
Answer:
C
Explanation:
Help help help help pelsss please please business
Brown Co. had current assets of $15,000, total assets of $30,000 and current liabilities of $9,000 at the end of the year. The current ratio for the period is:
Based on the information given the current ratio for the period is: 1.67.
Using this formula
Current ratio=Current Assets/Current Liabilities
Where:
Current Assets=$15,000
Current Liabilities=$9,000
Let plug in the formula
Current ratio=$15,000/$9,000
Current ratio=1.666
Current ratio=1.67(Approximately)
Inconclusion the current ratio for the period is: 1.67.
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Help help buissness help help
Answer:
My best guess will have to be A
Explanation:
most research I did was talking about money stability
Answer:a control of money
The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 6% Return on investment (ROI) 6.8% Sales $ 870,000 Turnover (on operating assets) 2 times What was the Legume Division's net operating income last year
Based on the information given, Legume Division's net operating income last year will be $29580.
Firstly,we will calculate the turnover which will be:
= Sales / Operating costs
= $870000 / 2
= $435000
The return on investment will be:
= Net operating income / Operating assets
Therefore, the net operating income will be:
= $435000 × 6.8%
= $29580
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The Legume Division's net operating income last year was $29,580.
What is the net operating income?The net operating income is the income after deducting the cost of goods sold and operating expenses from sales revenue.
Data and Calculations:Minimum required rate of return = 6%
Return on investment (ROI) = 6.8%
Sales revenue = $870,000
Turnover on operating assets = 2 times
Operating assets = $435,000 ($870,000/2)
Net operating income = ROI x Operating Assets
= $29,580 ($6.8% of $435,000)
Thus, the Legume Division's net operating income last year was $29,580.
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One goal of the Occupy Movement was to encourage the practice of bank bailouts.
Group of answer choices
True
False