Which is the largest component of Aggregate Expenditures?

An implied warranty of _________________ is an inherent promise that the product sold conforms to ordinary standards and that it

Anton [14]

Answer:

The correct answer is letter "D": Merchantability.

Explanation:

An Implied Warranty is a type of grant provided by warranties stating the purpose of a product is fit to the purpose it was made for. This warranty can be provided written or verbally. The implied warranty of merchantability specifies that goods purchased must meet a standard of quality, value, and grade compared to other goods sold under the same circumstances.

The warranty of merchantability is supported by the Uniform Commercial Code (UCC) which is adopted by most states in the U.S.

8 0

4 years ago

A federal covered registered investment adviser completes a notice filing with the State on October 1st. This will:

Masteriza [31]

Answer:

This will:

C. expire on December 31st of the current year

Explanation:

A Registered Investment Adviser (RIA) can be an individual or company that provides investment advice portfolio management services for individuals who have a high net worth. A RIA has an obligation to it's client to offer advice and management in the client's best financial interest. One of the requirement of an RIA is to be registered by the Securities Exchange Commission or the state securities administrators. RIAs are usually paid based on the value of the assets they manage on behalf of their clients, usually 1% of the total value of the assets. RIAs usually operate on a fiduciary capacity. This means that they are held at a higher regard than registered representatives which means that their conduct towards the client's interest should be impeccable even if their own interest is at stake.

When an annual registration is made, it is valid only until December 31st of that particular year. Registrations and notice filings can be made by an agent, investment adviser or even and investment adviser representative. However, if a registered investment adviser renews their annual fee, the expiry date is carried forward to the following year.

6 0

3 years ago

A stock was purchased for $51 a share and sold eleven months later for $54 a share. If the shares were purchased totally with ca

nekit [7.7K]

Answer: 5.88%; 8.40%

Explanation:

In finance, the holding period return is simply the return that a portfolio or an asset has accrued during the entire period that the asset or portfolio was being held. It is a way of measuring the performance of an investment.

Based on the information that have been provided in the question,

HPR without margin will be:

= ($54 - $51)/$51

= $3/$51

= 0.588

= 5.88%

HPR with margin will be:

= ($54 - $51)/($51 × 0.70)

= $3/($35.7)

= 0.84

= 8.40%

7 0

3 years ago

Berta Company recently lost its entire inventory in a fire. The following information is available from its accounting records:

Simora [160]

Answer:

Lost Inventory would be $2.000

Explanation:

Consider the following calculations and variables

Inventory cost at beginning : $1000
Purchase : $13,000
Sales : $20000
cost of Goods Available = $1000 + $13,000 = $14,000
Gross Profit percentage is 40%. So Cost of Goods Sold = 100-40 = 60%
Cost of Goods Sold = $20000 * 60% = $12000
Ending Inventory = Cost of Goods Available - Cost of Goods Sold = $14000 - $12000 = $2000

Lost Inventory would be $2000

8 0

3 years ago

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missin

PilotLPTM [1.2K]

Answer:

Income Statements

2013 2014 2015

Sales revenue $294,170 $360,920 $414,180

Sales returns and allowances 11,200 13,470 20,740

Net sales 282,970 347,350 393,440

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

Gross profit on sales 46,740 91,560 98,700

Explanation:

a) Data and Calculations:

2013 2014 2015

Sales revenue $294,170 $ $414,180

Sales returns and allowances 11,200 13,470

Net sales 347,350

Beginning inventory 21,590 33,560

Ending inventory

Purchases 263,090 298,600

Purchase returns and allowances 5,180 8,330 10,440

Freight-in 8,140 9,480 12,440

Cost of goods sold 236,230 294,740

Gross profit on sales 46,740 91,560 98,700

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

3 0

3 years ago