SCENARIO:
Marcus, feeling stressed out from work, decided to search for a meditation app for his phone that would help him relax during the day. One app, CalmDown, appeared to be promising. It didn't have any reviews yet and looked to be a brand-new app, so he decided to try it out. He downloaded the app to his phone and opened it up. The first screen required he enter in his name and email address. At the very bottom of the screen it had some small writing, but Marcus didn't notice it and hit the continue button.
Had Marcus clicked on the link at the bottom of the screen, he would have seen the following:
The second screen stated "Three-day trial version- Free! $59.99 annual fee thereafter." Marcus was annoyed that the app would cost him almost $60 but figured he would set a reminder on his phone to cancel the app before the trial period expired so he wouldn't get charged. Plus, he wanted to see the app in action. If it was actually worth the price, he wouldn't mind paying the annual fee. He clicked "Continue" and put in his bank card information on the next screen. The following screen asked Marcus a series of questions about his stress level and what he felt caused stress in his life. He clicked "high" and "work" as the level and cause. He then completed the first CalmDown meditation in the app, but was not impressed with its functionality. Deciding he would cancel his subscription immediately, he went into the profile settings to try to find the cancel option but couldn't. He searched every possible place on the app but didn't see a way to cancel the subscription. Marcus decided to try to find the app's developer through their website, but a quick search didn't turn up anything. Already stressed and becoming more frustrated, Marcus decided to contact the app store. They informed him that he should be able to go into his app store account and cancel the subscription there. However, when Marcus went there, he didn't see the app as an option or as a subscription. Thinking that maybe his subscription didn't process, he just deleted the app from his phone.
Marcus didn't give the app or the subscription any more thought, becoming increasingly more distracted by the amount of stress at work. Four months later, Marcus was looking at his bank account online and noticed it was lower than it should have been. He began reviewing the charges and noticed multiple charges for $59.99 to a merchant named "CDgotU." He immediately remembered the app and contacted his bank to dispute the charges. His bank replied that due to the charges being debit withdraws he needed to dispute them within 2 days of being made. Moreover, if he had been diligent about watching his account, they could have put a block on the account and the remaining fraudulent charges would have been prevented. The bank representative also told him that he should try to get a refund from the company that charged him. After making his case with the bank representative for several hours about how he tried to cancel his subscription, he was unsuccessful. The bank's representative was able to provide Marcus a phone number attached to the Merchant account, but when Marcus called the number it was disconnected. The bank could not provide him with any additional information such as a company address or website.
After more internet searching, Marcus saw a number of other complaints online about the app, and noticed it had been removed from the app store and was no longer available for download. Marcus decided to bring an action against the company for fraud, breach of contract, conversion, and several other claims in his home state of Vermont.

Can Marcus compel the bank or the app store to provide additional information about the creator of CalmDown in order to determine the creator's location and potential assets?
a. No, these records are not subject to being subpoenaed due to their confidential nature.
b. Yes, he can subpoena records during the discovery process from both, but the bank and the app store may ask the judge to deny the request or limit the request due to privacy concerns.
c. Yes, but he must subpoena these records prior to the filing of the complaint.
d. Yes, he can file interrogatories during the discovery process to both the bank and the app store.

Answers

Answer 1

Answer: b. Yes, he can subpoena records during the discovery process from both, but the bank and the app store may ask the judge to deny the request or limit the request due to privacy concerns.

Explanation:

Marcus can indeed compel the bank or the app store to provide additional information about the creator of the app should he wish to find out the creator's location and its potential assets so he can purse the case appropriately legal wise.

He can do this by subpoenaing the required information when laying the background for the suit. As this information is considered private and confidential however, both the bank and the store could appeal to the Judge to refuse Marcus's request on the grounds of privacy concerns.

Answer 2

Answer:

the anser is B

Explanation:


Related Questions

Compute and select the correct common-size percent for each account title.Total Assets is $700,000 Accounts Payable is $75,000 Bonds Payable is $225,000 Common Stock is $300,000 Retained Earnings is $100,000

Answers

Answer and Explanation:

The computation for each corrected common-size percent for each account is shown below:

Particulars             Amount                  Percentage

Total assets           $700,000                    100%

Accounts payable $75,000                      10.71%

                                                       ($75,000 ÷ $700,000)

Bonds payable      $225,000             32.14%

                                                       ($225,000 ÷ $700,000)

Common stock      $300,000            42.86%

                                                         ($300,000 ÷ $700,000)

Retained earnings $100,000             14.29%

                                                  ($100,000 ÷  $700,000)

Therefore each one of assetm liabilities and stockholder equity is presented as a percentage of total assets and the same is to be considered

When having to have a difficult conversation with upper managers, you can increase success by:___________.A) Framing the issue in familiar language.B) Not asking for further budget allocation.C) Making sure you have just met your last deadline.D) Framing the issue in familiar language and making sure you have just met your last deadline.

Answers

Answer: A. Framing the issue in familiar language.

Explanation: Familiar language increases the probability of your issue that you're having will be understood in upper management.

Hopefully this helps! Feel free to mark as brainliest! :)

Use the drop-down menus to identify the personal characteristic that fits each description. Christine is a fast reader: value Leonard is very busy and involved in his community: Rose has worked in a few different restaurants: Olga was raised in the United States by Russian parents who taught her about Russian culture: Randall wants to learn more about other cultures:

Answers

Answer:

skill

lifestyle

experience

background

interest

Explanation:

it's just da facts.

The following are correctly matched identify the personal characteristic that fits each description:

Skills: Christine is a fast reader. the capacity to quickly and effectively apply one's knowledge in action or performance.

Lifestyle: value Leonard is very busy and involved in his community. Your way of living is a reflection of who you are. You might try to live like a rock star, partying all night and sleeping all day, to look cool, but you'd probably get pretty exhausted.

Experience: Rose has worked in a few different restaurants. Experience is significant because it enables personal growth and development. You will develop the ability to adjust to a new setting so that you can succeed.

Background: Olga was raised in the United States by Russian parents who taught her about Russian culture.

Interest: Randall wants to learn more about other cultures. Racial and ethnic divides can be overcome and prevented through understanding different cultures. Disparities based on race and ethnicity lead to miscommunication, missed opportunities, and occasionally violence.

How do you express good experience?

Brilliant definition: exhibiting or possessing outstanding intelligence, talent, or quality. Excellent: Having the highest caliber or higher merit; being extraordinarily good. Magnificent: Making a grand entrance or display; having extraordinary beauty or size. Marvelous adjectives include startling, remarkable, and those that evoke amazement, adoration, or awe.

Thus, mentioned above are correctly matched with its descroption.

Learn more about Good Experience here:

https://brainly.com/question/437180

#SPJ2

McDonald’s pressed on with the strategic plan of offering all-day breakfast in spite of initial struggles because strategic decisions require long-term commitment.a. Trueb. False

Answers

Answer: True

Explanation:

Strategic decisions do indeed take long-term commitment because they are meant to help the company in the long term not the short.

Strategic decisions usually set goals and achieve results in the long term. They are not expected to yield results in the short terms which is why MacDonald's pressed on with the all-day breakfast despite initial challenges.

On September 30 of Year 1, JayBob Company had raw materials inventory of 5,000 pounds. Starting in October, JayBob intends to have an inventory policy of maintaining ending raw materials inventory at the end of every month equal to the next TWO months’ production needs. For example, ending inventory at the end of October should be equal to forecasted raw materials needs for November production plus forecasted raw materials needs for December production.Five pounds of raw materials are needed in the production of one finished unit.Forecasted PRODUCTION for the months October, Year 1 through December, Year 1 is as follows.October 4,500 unitsNovember 6,000 units December 2,000 unitsWhat is the amount of budgeted RAW MATERIALS PURCHASES for October?A- 40,000 poundsB- 52,500 poundsC- 57,500 poundsD- 62,500 poundsE- 67,500 pounds

Answers

Answer:

Purchases= 57,500 pounds

Explanation:

Giving the following information:

Beginning inventory= 5,000 pounds

Production:

October= 4,500 units

November= 6,000 units

December= 2,000 units

Each unit requires 5 pounds of direct materials.

To calculate the purchase of direct material required, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Desired ending inventory= 6,000*5 + 2,000*5= 40,000 pounds

Purchases= 4,500*5 + 40,000 - 5,000

Purchases= 57,500 pounds

Since the central or national government could not regulate interstate commerce or business, states began to put _________ on the goods of other states in order to keep their own trade strong.

Answers

Question:

Since the central or national government could not regulate interstate commerce or business, states began to put _________ on the goods of other states in order to keep their own trade strong.

A.  Taxes

B.  Tariffs

C. Currency

D.  Laws

Answer:

The correct answer is B) Tariffs.

Explanation:

According to the history of the United States of America, there was a time when each state established it's own trading policies which had to be honoured by other states. This involved charging tariffs on the goods with the intention to make their local economies stronger.

This period in US history is often referred to as the Confederation Period. This period in the evolution of the United States featured a weak central government, heterogeneous political character.

With the ratification of the constitution of the United States, these problems withered away to give room to a stronger central government and more unified laws. Also, it effectively ended the myriad of interstate tariffs.

Cheers

How has PepsiCo employed a product development strategy?

Answers

Answer:

Providing new goods to attract more customers.

Explanation:

Although the key intensive growth plan, PepsiCo introduces growth potential. This intense approach promotes economic activity by growing revenue, perhaps from a greater share of the market. The supplementary intensive strategy for PepsiCo is the production of goods. This intense approach demands that new goods be launched to attract more customers.

In the following examples, state how you would use the principle of marginal analysis to make a decision.
a. Deciding how many days to wait before doing your laundry
b. Deciding how much library research to do before writing your term paper
c. Deciding how many bags of chips to eat
d. Deciding how many lectures of a class to skip

Answers

Answer:

Human beings make decisions at the margin which means that they make decisions depending on if the marginal benefits outweigh the marginal cost.

a. Deciding how many days to wait before doing your laundry.

Here the marginal benefit of waiting before you do your laundry is that you will have extra time to do other things you want to do. The marginal cost however would be that you will keep having less and less clothes to be able to choose from. Therefore the amount of time that you will take before doing your laundry depends on whether you value your free time over the amount of clothes you have to choose from.

b. Deciding how much library research to do before writing your term paper.

The marginal benefit here would be that if you use a lot of research your work will be more in-depth as you will find more information ( past or present) that will help you do the research. The marginal cost however is that you will have less time to do other things such as going to classes. Your decision would depend on if you think the research is more important than time for those other things or vice versa.

c. Deciding how many bags of chips to eat

Marginal benefit would be satiating your hunger. Marginal cost would be the calories you might gain as well as the cost of the chips. You will make a decision depending on if you believe the hunger being satiated is more beneficial than the calories gained and the money spent.

d. Deciding how many lectures of a class to skip

Like the first decision, the marginal benefit here would be the extra time you would gain to do other things. The marginal cost however, would be the risk of falling behind on material. Your decision will depend on if you value your extra time more than falling behind. If you do, you will miss more lectures. If you don't you will miss less lectures.

Team morale depends on the following except for:
a. Support
b. Resources
c. Connections
d. Communication

Answers

Explanation:

Except for resources.........

A firm has borrowed $5,000,000 for 5 years at 10% per year compound interest (compounded yearly). The firm will make no payments until the loan is due, when it will pay off the interest the interest and principal in one lump sum. What is the total payment?

Answers

Answer:

The firm will pay $8,052,550 in lump sum after 5 years

Explanation:

A = P(1+r)^n

A= 5,000,000 * (1+0.10)^5

A= 5,000,000 * (1.10)^5

A= 5,000,000 * 1.61051

A= 8,052,550

Thus, the firm will pay $8,052,550 in lump sum after 5 years

If the price of lemons increases, what happens to the supply for lemonade as a result?

Answers

Answer:

My answer to the question is "the supply will also decreases".

Security A has a higher standard deviation of returns than security B. We would expect that: I. Security A would have a higher risk premium than security B. II. The likely range of returns for security A in any given year would be higher than the likely range of returns for security B. III. The Sharpe ratio of A will be higher than the Sharpe ratio of B. A. I only B. I and II only C. II and III only D. I, II, and III

Answers

Answer: i. Security A would have a higher risk premium than security B.

II. The likely range of returns for security A in any given year would be higher than the likely range of returns for security B.

Explanation:

From the question, we are informed that Security A has a higher standard deviation of returns than security B. Based on the above scenario, it should be noted that Security A would have a higher risk premium than security B since it has higher standard deviation and also, thee likely range of returns for security A in any given year would be higher than the likely range of returns for security B.

With the passage of Title VII of the Civil Rights Act of 1964, the Re-construction Civil Rights Acts were no longer available as a means to pursue a claim of discrimination based on race.
A. True
B. False

Answers

I think the answer is A which is true

In most businesses, what is the most costly factor of production?

Answers

Answer:

the answer to the question is hu,an capital

The approximate cost of building a chip fabrication plant today is:________a. just under $1 billionb. between $1 billion and $15 billionc. between $15 billion and $100 billiond. over $100 billion

Answers

Answer: b. between $1 billion and $15 billion

Explanation:

Chips are used in most electronic devices in the world today and so are extremely valuable and quite complex. This is why producing them is a very valuable undertaking and a costly one as well.

Fabrication plants are known to use very advanced and expensive machinery which is why it is estimated that to build a chip fabrication plant will not take less than $1 billion dollars with some estimates going as high as $15 billion in rare cases.

Answer:

just under 1 billions$

Explanation:

if its wrong let me know XD :D

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during March-Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 $ 4000Estimated total fixed 15,000 $10,000 25000manufacturing overhead Estimated variable manufacturing 1.40 2.20overhead per machine-hour Job P Job Q Direct materials $13,000 $8,000 Direct labor cost $21,000 $7,500 Actual machine-hours used: 1,700 800Molding Fabrication 600 900 Total 2,300 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required:If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

Answers

Answer:

Job Q's unit cost = $1,026.67

Explanation:

Job Q

actual machine hours used

molding 800:

allocated fixed overhead = (800/2,500) x $10,000 = $3,200

variable overhead = 800 x $1.40 = $1,120

sub-total = $4,320

fabrication 900:

allocated fixed overhead = (900/1,500) x $15,000 = $9,000

variable overhead = 900 x $2.20 = $1,980

sub-total = $$10,980

total overhead = $15,300

direct labor = $7,500

direct materials = $8,000

total costs for Job Q = $30,800

Job Q's unit cost = $30,800 / 30 units = $1,026.67

Generally the least expensive source of long-term capital is:______.
a) retained earnings.b) preferred stock.c) long-term debt.d) short-term debt.

Answers

Answer:

c) long-term debt

Explanation:

Long term debt is a term that is used in the financial operation to describes a form of debt owed by individuals or organization, in which its payments due or maturity is at least 12 months long, and could be longer depending on the arrangement.

Hence, in this situation, the correct answer is that generally, the least expensive source of long-term capital is LONG -TERM DEBT

An asset source transaction increases a business's assets and the claims to assets.a) trueb) false

Answers

Answer: True

Explanation:

An Asset source transaction is one where a company gains an asset by using funds from equity, liabilities or earnings from business operations (which is still equity).

As a result of such a transaction, the company gains an asset but as the asset was financed by liabilities or equity, the claims on assets increases as the holders of these liabilities and equity now have more interest in the company.

Centerpiece Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business: Prepare the income statement of Centerpiece Arrangements for the year ended December 31, 2024

Answers

Question Completion:

Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data of Centerpiece Arrangements.) Prepare the income statement of Centerpiece Arrangements for the year ended December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Net Income

i Data Table $ $ Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2018 6,500 92,000 800 13,000 7,000 6,400 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 42,000 2,600 2,500 4,500 3,500 27,600 5,200

Answer:

Centerpiece Arrangements

Income Statement for the year ended December 31, 2024:

Service Revenue                       $92,000

Expenses:

Insurance expense $6,500

Utilities expense              800

Rent expense                 13,000

Salaries expense        42,000

Total Expense             $62,300

Net Income                     $29,700

Explanation:

a) Data:

Trial Balance as for December 31, 2024:

                                           $           $

Insurance Expense        6,500

Service Revenue                         92,000

Utilities Expense               800

Rent Expense               13,000

Common Stock                              7,000

Cash                              6,400

Retained Earnings,

 January 1, 2018                           5,200

Salaries Expense       42,000

Accounts Payable                        2,600

Office Supplies            2,500

Dividends                     4,500

Accounts Receivable  3,500

Equipment                27,600

Total                      $106,800 $106,800

Pirates Incorporated had the following balances at the beginning of September.
Trial Balance
September 1
Accounts Debits Credits
Cash $ 6,500
Accounts Receivable 2,500
Supplies 7,600
Land 11,200
Accounts Payable $ 7,500
Notes Payable 3,000
Common Stock 9,000
Retained Earnings 8,300
Totals $ 27,800 $ 27,800
The following transactions occur in September.
September 1 Provide services to customers for cash, $4,700.
September 2 Purchase land with a long-term note for $6,400 from Crimson Company.
September 4 Receive an invoice for $500 from the local newspaper for an advertisement that appeared on September 2. September 8 Provide services to customers on account for $6,000.
September 10 Purchase supplies on account for $1,100.
September 13 Pay $4,000 to Crimson Company for a long-term note.
September 18 Receive $5,000 from customers on account.
September 20 Pay $900 for September's rent.
September 30 Pay September's utility bill of $2,000.
September 30 Pay employees $4,000 for salaries for the month of September.
September 30 Pay a cash dividend of $1,100 to shareholders.
Required:
1. Record each transaction.
2. Post each transaction to the appropriate T-accounts.
3. Calculate the balance of each account at September 30. (Hint: Be sure to include the balance at the beginning of September in each T-account.)
4. Prepare a trial balance as of September 30.

Answers

Answer:

Pirates Incorporated

1. Journal Entries;

Sept. 1

Debit Cash $4,700

Credit Service Revenue $4,700

To record provision of services for cash.

Sept. 2

Debit Land $6,400

Credit Notes Payable (Crimson Company) $6,400

To record the purchase of land.

Sept. 4

Debit Advertising Expense $500

Credit Advertising Payable $500

To record advertising expense.

Sept. 8

Debit Accounts Receivable $6,000

Credit Service Revenue $6,000

To record the provision of services on account.

Sept. 10

Debit Supplies $1,100

Credit Accounts Payable $1,100

To record the purchase of supplies on account.

Sept. 13

Debit Notes Payable $4,000

Credit Cash account $4,000

To record payment to Crimson Company.

Sept. 18

Debit Cash Account $5,000

Credit Accounts Receivable $5,000

To record the receipt of cash from customers.

Sept. 20

Debit Rent Expense $900

Credit Cash Account $900

To record the payment of September's rent.

Sept. 30

Debit Utilities Expense $2,000

Credit Cash Account $2,000

To record the payment of September's utilities.

Sept. 30

Debit Salaries Expense $4,000

Credit Cash Account $4,000

To record the payment of September's salaries.

Sept. 30

Debit Dividends $1,100

Credit Cash Account $1,100

To record the payment of dividends to shareholders.

2. T-Accounts:

Cash Account

Date      Description                   Debit       Credit

Sept. 1    Balance                       $6,500

Sept. 1    Service Revenue          4,700

Sept. 13  Notes Payable                             $4,000

Sept. 18  Accounts Receivable   4,000

Sept. 20 Rent                                                  900

Sept. 30 Utilities                                          2,000

Sept. 30 Salaries                                         4,000

Sept. 30 Dividends                                       1,100

Sept. 30 Balance c/d                                  3,200

Accounts Receivable

Date      Description                  Debit       Credit

Sept. 1   Balance                       $3,500

Sept. 8  Service Revenue          6,000

Sept. 18 Cash                                            $5,000

Sept. 30 Balance c/d                                  4,500

Supplies

Date      Description                  Debit       Credit

Sept. 1   Balance                       $7,600

Sept. 10 Accounts Payable          1,100

Sept. 30 Balance c/d                                $8,700

Land

Date      Description                  Debit       Credit

Sept. 1   Balance                       $11,200

Sept. 2  Notes Payable               6,400

Sept. 30 Balance c/d                                $17,600

Accounts Payable

Date      Description                  Debit       Credit

Sept. 1   Balance                                       $7,500

Sept. 10 Supplies                                         1,100

Sept. 30 Balance c/d                $8,600

Notes Payable

Date      Description                  Debit       Credit

Sept. 1   Balance                                       $3,000

Sept. 2  Land                                              6,400

Sept. 12 Cash                            $4,000

Sept. 30 Balance c/d                $5,400

Common Stock

Date      Description                  Debit       Credit

Sept. 1   Balance                                       $9,000

Retained Earnings

Date      Description                  Debit       Credit

Sept. 1   Balance                                       $8,300

Service Revenue

Date      Description                  Debit       Credit

Sept. 1   Cash                                           $4,700

Sept. 8  Accounts Receivable                  6,000

Sept. 30 Balance c/d             $10,700

Advertising Expense

Date      Description                  Debit       Credit

Sept. 4   Advertising payable    $500

Advertising Payable

Date      Description                  Debit       Credit

Sept. 4  Advertising Expense                   $500

Rent Expense

Date      Description                  Debit       Credit

Sept. 20 Cash                          $900

Utilities Expense

Date      Description                  Debit       Credit

Sept. 30 Cash                          $2,000

Salaries Expense

Date      Description                  Debit       Credit

Sept. 30 Cash                          $4,000

Dividend

Date      Description                  Debit       Credit

Sept. 30 Cash                          $1,100

3. Pirates Incorporated

Trial Balance as of September 30:

Accounts                      Debits     Credits

Cash                           $ 3,200

Accounts Receivable   4,500

Supplies                        8,700

Land                            17,600

Accounts Payable                       $ 8,600

Notes Payable                                5,400

Common Stock                              9,000

Retained Earnings                         8,300

Service Revenue                          10,700

Advertising Payable                         500

Advertising expense     500

Rent expense                900

Utilities expense        2,000

Salaries expense       4,000

Dividends                    1,100

Totals                   $ 42,500   $ 42,500

Explanation:

a) Data and Calculations:

Pirates Incorporated

Trial Balance  as of September 1

Accounts                      Debits     Credits

Cash                           $ 6,500

Accounts Receivable   2,500

Supplies                        7,600

Land                             11,200

Accounts Payable                       $ 7,500

Notes Payable                                3,000

Common Stock                              9,000

Retained Earnings                         8,300

Totals                      $ 27,800   $ 27,800

Of all the pieces of the planning puzzle, the ________ is the most strategic and critical

Answers

Answer:

facility location

Explanation:

For operations manager in a business organization, selecting the facility layout is the most strategic and critical factor of all the pieces of planning puzzle. This is because if a wrong location is selected for the layout, it could create inefficiency for the business as well as increase costs for them.

Some of the determinants of facility layout are; how close is the facility location to the required labor, customers, suppliers etc. Also , environmental regulations are also considered when citing a facility.

One of the basic importance of facility location is to know how workers would work which would in turn bring about production efficiency.

What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing cost_________.

Answers

Answer:

$52,285

Explanation:

The computation of the total manufacturing cost assigned to Job P is shown below:-

Total manufacturing cost = Direct material + Direct labor + Manufacturing overhead applied

= $13,000 + $21,000 + (2,300 × $7.95)

= $13,000 + $21,000 + $18,285

= $52,285

Therefore for computing the total manufacturing cost assigned to Job P we simply applied the above formula.

Listed below are several transactions that took place during the second and third years of operations for RPG Consulting. Year 2 Year 3Amounts billed to customers for services rendered $ 320,000 $ 420,000 Cash collected from credit customers 230,000 370,000 Cash disbursements: Payment of rent 77,000 0 Salaries paid to employees for services rendered during the year 137,000 157,000 Utilities 27,000 37,000 Advertising 13,500 32,000 In addition, you learn that the company incurred advertising costs of $22,000 in year 2, owed the advertising agency $4,700 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3.1. Calculate accrual net income for both years.2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.

Answers

Answer:

RPG Consulting

1. RPG Consulting Income Statements:

                                                  Year 2            Year 3

Service Revenue                $ 320,000     $ 420,000

Expenses:

Rent                                          38,500          38,500

Salaries                                   137,000         157,000

Utilities                                     27,000          37,000

Advertising                              22,000           18,800

Total Expenses                   $224,500      $251,300

Accrual Net Income             $95,500      $168,700

2. Amount due to the advertising agency at the end of year 2 = $13,200.

Explanation:

a) Data and Calculations:

                                                                   Year 2          Year 3

Amounts billed to customers

 for services rendered                       $ 320,000    $ 420,000

Cash collected from credit customers  230,000       370,000

Cash disbursements:

Payment of rent                                         77,000       0

Salaries paid to employees for services 137,000       157,000

Utilities                                                        27,000        37,000

Advertising                                                  13,500        32,000

Advertising:

Year 1   Ending Balance (Credit)    $4,700

Year 2  Expense                            22,000

Year 2  Cash payment                  (13,500)

Year 2  Ending balance (Credit)    13,200

Year 3  Cash payment                 (32,000)

Year 3  Expense                           $18,800

Rent:

Year 1 = $38,500

Year 2 - $38,500

What is the definition of the Voice of the Customer?

Answers

Answer:

The VOC is the name of a process used in marketing to obtain more information about the consumers.

Explanation:

To begin with, the term known as "Voice of the Customer" or VOC, in the field of business and marketing, refers to a method used by the companies, generally when they want to put a new product in the market, with the purpose of getting enough information about the costumers' expectations, preferences and aversions in order to understand them better so that the company can make a better and more profitable product. It consists of a process that focus on market research done by the company's expertises whose main job is to see what the consumer is looking for.

Mortgage originators issued mortgages to home buyers and sold these mortgages to securitizing firms. These firms bundled these mortgages into pools and created securities that were backed by the mortgage payments. A portion of these pools were called tranches. Groups of tranches were further combined and then divided again into more complex securities called collateralized debt obligations (CDOs). These securities were redivided and recombined to create even more complex securities called CDOs-squared.
This process had important implications: (1) The total risk embedded in the mortgages did not change; (2) since the risk was spread amongst several CDOs, it was difficult to assess the risk in each CDO; and (3) during the process of securitization and resecuritization, financial institutions earned fees and were thus encouraged to continue this process.
These securities were sold to investors across the world. If all went well, home buyers would make their payments and investors would earn their returns. However, a series of mortgage defaults led to the meltdown. Investors who were the indirect lenders to the home buyers didn't receive the expected cash flows, and on top of that, financial institutions skimmed fees during the process.
A. Mortgages were accessible for borrowers who did not meet income and minimum down payment requirements. Moreover, the Fed kept interest rates really low to prevent a recession. This led to a decrease in the demand for homes and a further decline in housing prices.
B. The total amount of risk embedded in the securities created by bundling mortgages did not change. The securitization and resecuritization processes led to a distribution of total risk among different types of collateralized securities.
C. Mortgage payments based on short-term interest rates-called adjustable-rate mortgages (ARMs)—were preferred by subprime borrowers.
D. Rating agencies, such as Moody's and Standard & Poor's, earned fees from securitizing agencies for providing ratings for CDOs. The securitizing agencies were looking for higher ratings for their CDOs, and the rating agencies were earning fees. This led to a conflict of interest; thus, ratings did not reflect the true risk involved in the CDOs, which were backed by mortgages.
Factors that caused the financial crisis
Analysts and theorists have debated over the different factors that caused the subprime mortgage meltdown. According to your understanding of the crisis, which of the following factors led to the financial crisis?
A. Real estate appraisers and rating agencies were lax.
B. Regulations were relaxed, leading to non-qualifying mortgages getting approved for loans.
C. Investors were fully aware of the risks involved, yet still settled with low returns.
D. Home buyers opted for traditional fixed-rate mortgages to avoid any payment delinquency.

Answers

Answer:

B. Regulations were relaxed, leading to non-qualifying mortgages getting approved for loans.

Explanation:

Hedge funds, banks, and insurance companies were instrumental to the subprime mortgage meltdown while regulators looked the other way.  They were given free rein to construct so many complex securities which somehow contributed to the mortgage defaults with financial institutions skimming fees during the securitization processes, and mortgages were made accessible for borrowers who did not meet the income and minimum down payment requirements.

Define what the book value of an asset is by choosing the correct statement(s) below. (Check all that apply.) Multiple select question. The formula is cost plus accumulated depreciation. it is sometimes referred to as the net amount of an asset. It is the original cost of an asset minus its accumulated depreciation. The formula is Cost less Accumulated depreciation.'

Answers

Answer:

The formula is Cost less Accumulated Depreciation

It is the original cost of an asset minus its accumulated depreciation.

It is sometimes referred to as the net amount of an asset.

Explanation:

Answer key

The correct statements for the book value of assets are as follows:-

The formula is Cost less Accumulated DepreciationIt is the original cost of an asset minus its accumulated depreciation.It is sometimes referred to as the net amount of an asset.

Thus option first, second and third are correct.

What is assets?

Asset refers to the resource which is owner by the individual or any entity that has the economic value. It is owned by the company with the expectation of the future. It can be any property, money, land, cash etc.

Asset includes the elements such as stock which is also referred as the inventory which helps in the generation of the revenue. Expense is the liability of the company has it has to be paid off for the smooth running of the business.

Cost less Accumulated Depreciation is the formula. It is the asset's original cost less accumulated depreciation. It is also known as the net amount of an asset. Therefore, it can be concluded that  option first, second and third are correct.

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Wims, Inc., has sales of $18.4 million, total assets of $13.4 million and total debt of $4.2 million. The profit margin is 12 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)

Answers

Answer:

(A) $2,208,000

(B) 16.48%

(C) 24%

Explanation:

Wims incorporation has a sales of $18.4 million

Total assets of $13.4 million and total debt of $4.2 million

The profit margin is 12%

(A) The net income can be calculated as follows

= profit margin × sales

= 12/100 × 18,400,000

= 0.12 × 18,400,000

= $2,208,000

(B) The ROA can be calculated as follows

= Net income/Average assets × 100

= 2,208,000/ 13,400,000

= 0.16477 ×100

= 16.48%

(C) The ROE can be calculated as follows

= Net income / Total equity

Total equity= 13,400,000-4,200,000

= $9,200,000

= $2,208,000/9,200,000 × 100

= 0.24 × 100

= 24%

Why might workers dislike a lean production environment?

Answers

Answer:

Workers do not like to work in a lean production environment because there are fewer opportunities for an employee to advancement within the company. Pursuant to a leaner production line, more workers become stress due to higher levels of responsibility.

Explanation:

I agree with the answer above very well explained

Which of the following are ways of expressing the meaning of ceteris paribus? A) Assuming other things are equal B) Assuming additional factors, other than those under consideration, are given equal consideration C) Assuming factors other than those being considered In a particular analysis do not change D) Assuming additional factors, other than those under consideration, play a significant role in analysis

Answers

The different ways of expressing the meaning of ceteris paribus are :

A). Assuming other things are equal.

C). Assuming factors other than those being considered in a particular analysis do not change.

Ceteris Paribus

It is a Latin phrase that means that "things are same".In other words, it means that certain things remain unaltered and are the same and equal.This concept can be used in both scientific laws as well as natural laws.

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Given the situation of a simultaneous decrease in demand and increase in supply, what is the net effect on equilibrium price?
a) Equilibrium price will always go up
b) Equilibrium price will always go down
c) Equilibrium price could go up or down

Answers

Answer:

b) Equilibrium price will always go down

Explanation:

Remember, the equilibrium price refers to the price where the quantity demanded is equal to the quantity supplied.

Thus, given the situation of a simultaneous decrease in demand and increase in supply note that;

1.  A decrease in demand will result in a reduction in the equilibrium price (let's say of apples) because with less demand there will be an excess in supply.

2. An increase in supply will cause a reduction in the equilibrium price of apples because there will be an excess supply of apples at the initial price.

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