Answer:
$25,043
Explanation:
For Department C:
Advertising
Total dollar sales = $1,150,000
Amount of dollar allocated to Department C = $480,000
Advertising expense = $60,000
Total advertising expense allocated to Department C:
= (Advertising expense ÷ Total dollar sales) × Amount of dollar allocated to Department C
= ($60,000 ÷ $1,150,000) × $480,000
= $0.0522 × $480,000
= $25,043
Which category of the money supply would you be contributing to if you deposited money into your savings account? Group of answer choices M2 M1 traveler's check time deposits
The correct answer is A; M2
Further Explanation:
There are two types of measuring money M1 and M2. When someone is making a deposit into their savings they are contributing to the M2 money supply. The difference between M1 and M2 is the the liquidity of the money. M1 is when you have more liquid assets. M2 has all of the features of M1 but includes savings deposits and also time deposits and aren't as liquid as M1.
M1 contains all of the currency such as coins and paper money that is in the circulation of the public. The money for M1 can be gotten on demand such as when a person uses their debit card.
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How can you make sure you use the appropriate etiquette while being aware of : the organizational structure, values within, methods of communication, diversity of the workforce
Explanation:
Organizational culture is characterized as a set of values that is shared by all employees at all organizational levels.
Therefore, culture is a determining factor for the elaboration and compliance with organizational rules and norms.
For an organizational label to be correctly incorporated, it is necessary to take into account essentially the organizational culture, the way relationships develop within the organization, how hierarchization occurs, the interaction between teams, what are the core values of the organization. company and other variables that compose it.
Ideally, organizational identity should be taken into account, all values respected and ethical principles maintained so that the organizational flow occurs properly.
What annual growth rate is needed for a country to double its output in each of the following cases? Instructions: In parts a-c, enter your answers as whole numbers. In part d, round your answer to 1 decimal place.
a. In 7 years: 10percent
b. In 35 years: 2percent.
c. In 70 years: 1percent
d. In 140 years: 0.5percent.
Answer:
A. 10%
B. 2%
C. 1%
D. 0.5%
Explanation:
Using the rule of 70, which is a method for estimating an investment's doubling time. It is a way to know how quickly something will double when it's growing exponentially. Just divide 70 by the percent increase, and you get the doubling time.
Years to double = 70 ÷ Growth Rate
Therefore, getting the Growth rate; rearrange the equation
Growth Rate = 70 ÷ Years to Double.
A. In 7 years = 70÷7 = 10%
B. In 35 years = 70÷35 = 2%
C. In 70 years = 70 ÷ 70 = 1%
D. In 140 years = 70 ÷ 140 = 0.5%
Final answer:
The Rule of 72 is used to estimate the annual growth rate needed to double a country's output in a specific timeframe. For 7, 35, 70, and 140 years, the rates would be approximately 10%, 2%, 1%, and 0.5%, respectively. Additionally, per capita output growth is calculated by subtracting population growth from output growth.
Explanation:
The question asked is related to the annual growth rate needed for a country to double its output in various timeframes. The Rule of 72 is a simplified formula that helps to estimate the number of years required to double the invested money at a given annual fixed interest rate. By dividing 72 by the annual rate of interest, one obtains a rough estimate of how many years it will take for the initial investment to double.
Applying the Rule of 72:
In 7 years, the growth rate should be approximately 72 / 7 ≈ 10.3%. Rounding to a whole number, we get 10%.In 35 years, the growth rate should be approximately 72 / 35 ≈ 2.1%. Rounded to a whole number, 2%.In 70 years, the rate should be roughly 72 / 70 ≈ 1.0%, which is 1%.For part d, the growth rate required to double output in 140 years to one decimal place is 72 / 140 ≈ 0.51%, which rounds to 0.5%.Now, if a country's population grows at the rate of 2% per year and its output grows at the rate of 3% per year, the rate of growth of per capita output would be the difference in these rates, which is 3% - 2% = 1%. Conversely, if the population grows at 3% and output grows at 2%, the growth of per capita output would be negative, at 2% - 3% = -1%.
Jim and Sue were going to be married and were very much in love. Before the wedding date, they went out for coffee and orally agreed to how the marital assets would be split if they divorced. Four years later they divorced. Jim attempted to enforce their oral prenuptial agreement. What will be the result?
A.It will be enforced as there is consideration.
B. It will not be enforced due to the statute of frauds.
C.It will not be enforced as it violates public policy.
D. It will be enforced as there was a meeting of the minds.
Answer:
B. It will not be enforced due to the statute of frauds.
Explanation:
Jim and Sue ''orally agreed to how the marital assets would be split if they divorced'', but however did not sign any agreement that makes the contract valid. Thus, the contract will not be enforced due to the statute of frauds. A statute of frauds, simply means a contract without sufficient written evidence agreed and signed by parties to the contract.
Jim's attempt to enforce the oral prenuptial agreement with Sue is likely to fail due to the statute of frauds, which requires such agreements to be in written form to be legally enforceable.
The question involves a situation where Jim and Sue had an oral agreement on how marital assets would be divided in the event of a divorce. When analyzing whether this oral prenuptial agreement would be enforced, we must consider the statute of frauds, which requires certain agreements to be in writing to be enforceable. Prenuptial agreements often fall under this requirement due to the significance and complexity of the matters they address. Additionally, whether there was a "meeting of the minds" or consideration is not solely adequate for enforceability where the statute of frauds is implicated.
In general, for an oral premarital agreement to be enforced, it would have to comply with specific state laws that may dictate such agreements be in written form. As these oral agreements are not typically enforceable based on the statute of frauds, which dictates that contracts for marriage must be in writing, the likely outcome is that Jim's attempt to enforce the oral agreement will fail.
Therefore, the correct answer is: B. It will not be enforced due to the statute of frauds.
Using the data below, we are now going to use our supply/demand framework for US $ to model the movement in the euro per $ exchange rate between December 2007 (the very beginning of the Great Recession) and November 2008 (pretty much the height of the global financial crisis). Note that the data is given in $ per euro and then converted into euro per dollar. For example, $ 1.2 per euro is converted by 1/1.2 = .833 meaning that $1 = .83 euro (this is the vertical axis on your graph, i.e., euro per $).
Draw a supply and demand diagram like we did numerous times in the lectures labeling the vertical axis as euro per $, the horizontal axis with Quantity of dollars, the initial supply and demand curves labeled with 12/07, Label this initial intersection point as point A. Now explain what happened to each curve and WHY between 12/07 and 11/08. Label as point B with your supply and demand curves labeled accordingly (Hint: the two obvious facts during this period is that the 1) US was in a deep recession and 2) we were at the height of the (global) financial crisis (in 11/08). Assume all else is constant.
Data:
12/1/2007 the dollar per euro exchange rate is $1.45, so the euro per dollar exchange rate is 1/1.45 = .69 euros per dollar.
11/1/2008 the dollar per euro exchange rate is $1.27, so the euro per dollar exchange rate is 1/1.27=.79 euros per dollar.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Mirrlees Furniture earned $750,000 last year and had a 30% payout ratio. How much did the firm add to its retained earnings?
Answer:
It is $525,000.
Explanation:
If the payout ratio is 30% ,then retention rate will be 70%
Additional Retention = $750,000* 70%
=$525,000
Additional amount retained can be used for future business expansion and can also be used to buy back shares provided there is no available profitable investment project to invest in.
Here, the retention rate is very high which implies that the company has prospective investment to put the money into to generate additional returns.
Investors will therefore settle for capital appreciation resulting from increase in share price as result of additional earnings from profit plouged back into the business.
Final answer:
Mirrlees Furniture paid out $225,000 in dividends from its $750,000 earnings since it has a 30% payout ratio. The remaining $525,000 was added to its retained earnings.
Explanation:
Mirrlees Furniture earned $750,000 last year and had a 30% payout ratio. This means that the firm paid out 30% of its earnings as dividends. To calculate the amount added to retained earnings, we first need to determine the dividend paid and then subtract that from the total earnings.
The calculation for the dividends paid is as follows: $750,000 ×30% = $225,000. Consequently, the amount added to retained earnings is the earnings minus the dividends: $750,000 - $225,000 = $525,000. Therefore, Mirrlees Furniture added $525,000 to its retained earnings.