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2 years ago

Why is it so difficult to track the crime rate over time?

1 answer:

4 0

The reason why it is difficult to track the crime rate over time it is because as time or years pass, the definition of crime changes. Leading to difficulty of tracking crime rates and organizing records in keeping track of the crime rates. There is no consistency in terms of defining crimes as years pass for beliefs and the way of ruling changes, leading to difficulty and unorganized process or methods.

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Larry lives in Chicago and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of

OLga [1]

Answer:

1. Explicit cost

2. Implicit Cost

3. Implicit Cost

4. Explicit cost

Accounting Profit is $62000.

Economic Profit is -$3000. (a loss of $3000)

Explanation:

Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.

Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.

1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are explicit costs.

2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an implicit cost.

3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an implicit cost.

4. The cost of purchases paid to manufacturer requires outlay of money and is an explicit cost.

Accounting profit = Total Revenue - Total explicit cost

Economic profit = Total revenue - (Total Explicit Cost + Total Implicit Cost)

Accounting Profit = 793000 - 430000 - 301000 = $62000 profit

Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss

6 0

3 years ago

The best explanation as to why direct democracy would not work well in the United States is that

Masteriza [31]

The US general population is far too diverse and the population too large. There is bound to be issues and disagreements on almost all laws that would be passed. With the amount of laws being passed in the state and national government nowadays, people would literally spend most of their waking hour voting rather than being useful members of the society

6 0

3 years ago

In 2022: Net sales are expected to increase by $9.70 million. Cost of goods sold is expected to be 60 percent of net sales. Depr

Anuta_ua [19.1K]

Answer:

The question is not complete.

Here is the complete question:

You have been given the following information for PattyCake’s Athletic Wear Corp. for the year 2021:

Net sales = $38,900,000.

Cost of goods sold = $22,220,000.

Other operating expenses = $6,400,000.

Addition to retained earnings = $1,210,500.

Dividends paid to preferred and common stockholders = $1,943,000.

Interest expense = $1,850,000.

The firm’s tax rate is 30 percent.

In 2022:

Net sales are expected to increase by $9.90 million.

Cost of goods sold is expected to be 60 percent of net sales.

Depreciation and other operating expenses are expected to be the same as in 2021.

Interest expense is expected to be $2,125,000.

The tax rate is expected to be 30 percent of EBT.

Dividends paid to preferred and common stockholders will not change.

Calculate the addition to retained earnings expected in 2022. (Enter your answer in dollars, not millions.)

Here is the answer:

Addition to retained earnings is $ 5,753,500

Explanation:

Addition to retained earnings is derived after deducting dividend paid to preferred and common stockholders from the earnings after tax of the entity.

In the case of PattyCake’s Athletic Wear Corp. , it is important to calculate earning after tax before deducting dividend to get addition to retained earnings:

Calculation of Earning after Tax

Earning after Tax is derived by deducting, cost of sales, operating expenses, interest and tax from the entity net sales.

Net Sales ( $38,900,000. + $9,900,000) 48,800,000

Cost of Sales (0.6 * 48,800,000) (29,280,000)

Gross profit 19,520,000

Depreciation and other operating expenses (6,400,000)

Earning before Interest and Tax 13,120,000

Interest (2,125,000)

Earning before Tax 10,995,000

Tax @ 30% EBT (3,298,500)

Earning after Tax 7,696,500

After this, dividend paid is removed to get addition to retained earnings

= $7,696,500 - $1,943,000

=$ 5,753,500

5 0

3 years ago

Childress Company produces three products, K1. S5, and G9. Each product uses the same type of direct material. K1 uses 4.7 pound

NikAS [45]

Answer:

K1 has contribution of $15.40 per pound

S5 has contribution of $8.50 per pound

G9 has contribution of $11.70 per pound

Explanation:

The contribution per pound of each can be computed by first of all calculating contribution per unit of each of the products produced by Childress company,then dividing each contribution per product by the number of pounds of direct materials used by each product as shown below.

K1 S5 G9

Selling price $158.38 $114.80 $204.52

variable costs ($86.00) ($91.00) ($139.00)

Contribution per product $72.38 $23.80 $65.52

Material usage in pds 4.7 2.8 5.6

Contribution margin per pd $15.40 $8.50 $11.70

5 0

3 years ago

Suppose you have a 1-year horizon and purchase a 5-year (annual) coupon bond. If the price of the bond on the horizon date is th

Anni [7]

Answer:

the bond's current yield.

Explanation:

When the price of the bond is equal to the initial price paid for the bond, the current yield rate of the bond is equal to the ROR of the bond. If there is the market price of the bond is the same as the initial issuance value of the bond the investors of the bond do not gain or lose anything from this bond from the change in price in the time period between the issuance of the bond and Purchasing date of the bond.

Current Yield = Annual Coupon payment / Market price of the bond

The bond yield will remain the same when the selling price of the bond and the issuance price of the bond remain the same. As the coupon payment is fixed every time.

4 0

2 years ago