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2 years ago

EBook

Business

1 answer:

Lady bird [3.3K]2 years ago

8 0

The average time (in minutes) Americans spend commuting to work is: 26.9 minutes.

<h3>How to calculate the average time Americans spend commuting to work?</h3>

To calculate the average time we must add all the values and then divide the result by the number of values. for example:

1 + 2 + 3 = 6 6 ÷ 3 = 2

Based on the above, the operation to find the average time Americans spend commuting to work is:

23,3 + 28,3 + 24,6 + 32,1 + 31,7 + 25,8 + 38,1 + 24,9 + 26,8 + 23,4 + 28,5 + 28,1 + 29,3 + 24,4 + 23,0 + 24,8 + 26,2 + 23,4 + 28,4 + 20,1 + 32,2 + 21,4 + 23,8 + 30,7 + 24,8 + 23,6 + 25,3 + 31,7 + 43,8 + 22,0 + 27,1 + 34,2 + 28,3 + 25,0 + 26,4 + 23,6 + 23,4 + 25,8 + 20,2 + 26,1 + 24,8 + 32,6 + 28,5 + 27,3 + 26,8 + 24,0 + 20,1 + 32,8 = 1291,5

Then we must divide this result by the number of values.

1291,5 ÷ 48 = 26,9

Note: This question is incomplete because there is some information missing. Here is the information:

a. What is the mean commute time for these 48 cities? Round your answer to one decimal place.

Learn more about average in: brainly.com/question/2426692

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Answer:

An adjustment to retained earnings is necessary when when there is a change from LIFO to FIFO.

Calculating the effect on retained earnings:

- In the year 1 company followed LIFO and recorded ending inventory at $177500. Had it followed FIFO it would have recorded at $195000. So there would be increase in income of $17500 (195000 - 177500).

- In year 2 it followed LIFO and recorded opening inventory at $177500 and closing inventory at $355000 and thereby recording Net closing stock of $177500 (355000 - 177500). Had it followed FIFO it would have recorded a net stock of $195000.(390000-195000). So there would be increase in income by of $17500 (195000 - 177500).

So in total of 2 years there would be an increase of $35000 Net income i.e., Retained earnings and increase in stock value of $35000.

The journal entry is:

Inventory A/c Dr $35,000

To Retained earnings A/c $35,000

Explanation:

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3 years ago

Marston acquired assets for $100,000. At the end of year 3, the assets had accumulated depreciation of $40,000. An impairment lo

MissTica

Answer:

(b)-Debit to loss on impairment of $12,000

Explanation:

As for the details in question,

The asset purchase price = $100,000

Accumulated depreciation = $40,000

Thus, book value = Purchase price - Accumulated depreciation = $100,000 - $40,000 = $60,000

Now, this has a fair market value = $48,000

Thus, loss of value to be recorded as impairment loss = $60,000 - $48,000 = $12,000

Since loss in value will decrease the value of asset, it will be debited against credit in fixed assets by $12,000

This, will represent book value = $48,000

Therefore, correct option is:

Statement B

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3 years ago

Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However

suter [353]

Answer:

The stock will trade for 4.30 dollars in the market

Explanation:

The stock will be valued at the discounted value of their future cash flow.

w calculate the cas flow by multiplying by the grow rate given.

Then we discount using the present value of a lump sum:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $0.5000

time 3.00

rate 0.18

$\frac{0.5}{(1 + 0.18)^{3} } = PV$

PV 0.30

Then, for the entire of the dividend after year 6th we use the gordon model:

dividends / (rate - grow) and then we discount that

$\frac{dividends}{return - growh}$

Y# Cashflow Discounted

0 0

1 0

2 0

3 0.5 0.304315436

4 0.825 0.425525822

5 1.36125 0.595014921

6 1.4565375 2.971555503

Total 4.296411682

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3 years ago

You are evaluating a fund that had an annual average return of 7.2%. During that time, the average risk-free rate was 1.5% and t

PilotLPTM [1.2K]

Answer:

Risk free rate(Rf) = 1.5%

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Beta(β) = 0.8

ER(P) = Rf + β(Rm – Rf)

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ER(P) = 1.5 + 0.8(6.5)

ER(P) = 1.5 + 5.2

ER(P) = 6.7%

Alpha = Annual average return - ER(P)

= 7.2% - 6.7%

= 0.5%

Explanation:

In this case, we will calculate the expected return on the stock based on CAPM. Thereafter, we will calculate alpha by deducting the expected return from annual average return.

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3 years ago

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A) money is the scarce resource because you only have enough money for one item
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3 years ago