What kind of entrepreneurd are risk takers?

Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (cpi) is currently 125. t

Zigmanuir [339]

Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (cpi) is currently 125. This indicates the price of the market basket of goods is now <u>$275</u>.

Inflation is a boom within the standard fee stage. The respectable inflation price is tracked with the aid of calculating changes in a degree called the consumer price index (CPI). The CPI tracks modifications in the cost of residing through the years. Like different financial measures it does a quite precise job of this.

The consumer price index is referred to as that index that is utilized in calculating the retail inflation within the economic system by monitoring the modifications in costs of most normally used goods and services. In other words, the patron charge index calculates the changes in the rate of a common basket of products and offerings.

The CPI tracks the change in retail fees of products and offerings which families buy for or their daily intake. To degree inflation, we estimate how a great deal CPI has accelerated in terms of percentage change over the identical length of the preceding 12 months. If expenses have fallen, it is referred to as deflation (negative inflation).

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5 0

2 years ago

Mays Corp. reported free cash flows for 2018 of $491 million and investment in operating capital of $321 million. Mays Corp. inc

Anon25 [30]

Answer: $975 million

Explanation:

Given the above details, we can solve for Earnings Before Tax and Interest with the following formula,

Operating Cash Flow = EBIT – Taxes on EBIT + Depreciation

Making EBIT the subject would turn it to be,

EBIT = Operating Cash Flow + Taxes on EBIT - Depreciation

We have all of the above except the EBIT and Operating Cash Flow.

Luckily we can solve for the Operating Cash Flow with the details given using,

Operating cash flow = Free Cash Flow + Investment in operating capital

Therefore,

= $491 million + $321 million

= $812 million

Operating cash flow is $812 million

Plugging it into the original formula we have,

EBIT = Operating Cash Flow + Taxes on EBIT - Depreciation

EBIT = $812 million + $309 million - $146 million

EBIT = $975 million

Earnings before Taxes and Interest is $975 million.

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5 0

3 years ago

At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) b

Firlakuza [10]

Answer: $7,740

Explanation:

Given, At December 31, Accounts receivable = $238,000

Allowance for uncollectible accounts = 3% of (accounts receivable)

∴ Allowance for uncollectible accounts = 3% of ($238,000 )

=$(0.03 ×238,000) [3% = 0.03]

= $ (7140)

= $7,140

Allowance for uncollectible accounts (credit) before any adjustments= $600

The amount of the adjustment for uncollectible accounts = Allowance for uncollectible accounts + $600

= $7,140 + $600

= $7,740

Hence, The amount of the adjustment for uncollectible accounts would be: <u>$7,740.</u>

5 0

3 years ago

You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on

VLD [36.1K]

Answer:1) Selective attention/comprehension.

Explanation: Information processing model is a model developed by cognitive psychologist to describe how humans manage Information,this model sees the human mind as a computer,it states that the human mind receives Information,stores and analyse it on a later time.

Selective attention is a concept in Psychology which describes the various steps or processes put in place to avoid unimportant, unnecessary and unwanted Information or Communication and focus fully on a selected Information or Communication.

8 0

3 years ago

Diane Bernick opened Bernick's Consulting. Transactions for the month of January and trial balance at January 31 are shown. Jan.

padilas [110]

1. The preparation of the Income Statement for Bernick's Consulting is as follows:

Bernick's Consulting

<h3>Income Statement </h3>

For the Month Ended January 31, 20--

Consulting Fees 401 $1,700

Wages Expense 511 1,400

Rent Expense 521 750

Phone Expense 525 65

Utilities Expense 533 115

Miscellaneous Expense 549 40 $2,370

Net income $670

2. The preparation of the Owner's Equity for Bernick's Consulting is as follows:

Bernick's Consulting

<h3>Owner's Equity</h3>

As of January 31, 20--

Diane Bernick, Capital 311 $11,000

Diane Bernick, Drawing 312 (450)

Net loss (670)

Owner's equity $9,880

3. The preparation of the Balance Sheet for Bernick's Consulting is as follows:

Bernick's Consulting

<h3>Balance Sheet</h3>

As of January 31, 20--

<h3>Assets:</h3>

Cash 101 $9,730

Office Supplies 142 200

Office Equipment 181 1,300

Total assets $11,230

<h3>Liabilities and equity:</h3>

Accounts Payable 202 $1,350

Owner's equity 9,880

Total liabilities and equity $11,230

Bernick’s Consulting

<h3>Trial Balance</h3>

January 31, 20--

ACCOUNT TITLE ACCOUNT NO. DEBIT CREDIT

Cash 101 $9,730

Office Supplies 142 200

Office Equipment 181 1,300

Accounts Payable 202 $1,350

Diane Bernick, Capital 311 11,000

Diane Bernick, Drawing 312 450

Consulting Fees 401 1,700

Wages Expense 511 1,400

Rent Expense 521 750

Phone Expense 525 65

Utilities Expense 533 115

Miscellaneous Expense 549 40

Totals 14,050 14,050

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4 0

2 years ago