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babymother [125]

3 years ago

12

A course that costs $500 will allow you to get a job that pays $2 more per hour than your current job. How many hours will you n

eed to work at the new job before your investment in education has "paid off"?

1 answer:

kifflom [539]3 years ago

7 0

You would have to work 250 total hours to pay off your education investment, plus any loans you may take out from the bank (interest, need to calculate interest if applicable).

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On December 29, 2005, BJ Co. sold an equity security investment that had been purchased on January 4, 2004. BJ owned no other ma

sineoko [7]

Answer:

AFS 2004 market price decline exceeded 2005 market price recovery

No No

The security cannot be classified as available-for-sale because the unrealized gains and losses are recognized in the Income Statement. Unrealized gains and losses on available-for-sale securities are recognized in owners' equity, not earnings.

The second part of the question is somewhat ambiguous. The 2004 price decline could exceed or be exceeded by the 2005 price recovery. The loss in the first year is not related in amount and does not constrain the realized gain in the second year.

The way to answer the question is to read the right column heading as implying that the earlier price decline must exceed the later price recovery. With that interpretation, the correct answer is no.

For example, assume a cost of $10 and a market value of $4 at the end of the first year. An unrealized loss of $6 is recognized in earnings. During the second year, the security is sold for $12. A realized gain of $8 is recognized-the increase in the market value from the end of the first year to the sale in the second year. Thus, the market decline in the first year did not exceed the recovery in year two. (It could have exceeded the recovery in year two but there is no requirement that it must.)

Explanation:

3 0

3 years ago

true or false, Even with interest-rate a bank pays on your account the real rate of return on that negative because of inflation

Ugo [173]

This may be true or false depending on the situation.

Explanation:

If countering in the inflation, banks were giving negative values all the time to their consumers they would not survive in the game.

But this is not to say this is not a practice that has been done to the unsuspecting people who have wanted to invest money.

They are being given policies and rates that after countering inflation are actually in loss for them as they do not grow as much as the money would have devalued by then.

This is however quite rare and is a malpractice.

4 0

3 years ago

Read 2 more answers

Suppose you have $8000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for futu

kramer

Answer:

The money supply decreases by $4,500.

Explanation:

The amount of deposits is $8,000.

The required reserve ratio is 10%.

The amount of required reserve

= 10% of $8,000

= $\frac{10}{100}\times 8,000$

= $800

The amount to be loaned out

= Total deposit - Required reserves

= $8,000 - $800

= $7,200

The money supply is equal to money multiplier times the monetary base.

Money supply

= $\frac{1}{RR} \times Monetary\ base$

= $\frac{1}{0.1}\times \$ 7,200$

= $72,000

So, the money supply before withdrawal is $72,000.

After withdrawal of $500, the deposits is

= $8,000 - $500

= $7,500

The amount of required reserve

= 10% of $7,500

= $\frac{10}{100}\times 7,500$

= $750

The amount to be loaned out

= Total deposit - Required reserves

= $7,500 - $750

= $6,750

Money supply

= $\frac{1}{RR} \times Monetary\ base$

= $\frac{1}{0.1}\times \$ 6,750$

= $67,500

So, the money supply after withdrawal is $67,500.

The decrease in money supply

= $75,000 - $67,500

= $4,500

3 0

3 years ago

Sunset, Inc. has a policy of accruing $2,200 for every employee as a vacation benefit. Sarah, an employee, took a vacation. W

sashaice [31]

Answer:

Explanation:

The correct journal entry is shown below:

Vacation benefits payable Dr A/c $2,200

To Cash A/c $2,200

(Being vacation benefit is paid for cash)

Before passing this entry, another entry is passed which is shown below:

Vacation benefit expense A/c Dr

To Vacation benefits payable A/c

(Being expense is recorded)

Since we have to record the entry for vacation benefit paid. So, we credited the cash account and debited the Vacation benefits payable account

This is the answer but the same is not provided in the given options

5 0

3 years ago

A rectangular storage container with an open top is to have a volume of 10 m^3. The length of its base is twice the width. Mater

DiKsa [7]

Answer:

The dimension that minimizes the container is width = 1; base = 2 and height = 5

The minimum cost is $36

Explanation:

Let the width be x

So:

$Width = x$

$Base = 2 * Width$

$Base = 2 * x$

$Base = 2x$

$Height = h$

Volume of the box is:

$Volume = 10m^3$ ---- Given

Volume is calculated as:

$Volume = Base * Width * Height$

$Volume = 2x * x * h$

$Volume = 2x^2h$

Substitute 10 for Volume

$10 = 2x^2h$

Make h the subject

$h = \frac{10}{2x^2}$

$h = \frac{5}{x^2}$

Next, we calculate area of the sides.

$Area = Base + Sides$

Because it has an open top, the area is:

$Base\ Area = Base * Width$

$Sides\ Area = 2[(Width * Height) + (Base * Height)]$

$Base\ Area = 2x * x$

$Base\ Area = 2x^2$

$Sides\ Area = 2[(Width * Height) + (Base * Height)]$

$Side\ Area = 2[(x * h) + (2x * h)]$

$Side\ Area = 2[(xh) + (2xh)]$

$Side\ Area = 2[3xh]$

$Side\ Area = 6xh$

The base area costs $6 per m²

So, the cost of 2x² would be:

$Cost = 6 * 2x^2$

$Cost = 12x^2$

The side cost area costs $0.8 per m²

So, 6xh would cost

$Cost = 0.8 * 6xh$

$Cost = 4.8xh$

Total Cost (C) is:

$C = 12x^2 + 4.8xh$

Recall that $h = \frac{5}{x^2}$

So:

$C = 12x^2 + 4.8x *\frac{5}{x^2}$

$C = 12x^2 + 4.8 *\frac{5}{x}$

$C = 12x^2 + \frac{4.8 *5}{x}$

$C = 12x^2 + \frac{24}{x}$

Take derivative of C

$C^{-1} = 24x - \frac{24}{x^2}$

Take LCM

$C^{-1} = \frac{24x^3 - 24}{x^2}$

Equate $C^{-1}$ to 0

$0 = \frac{24x^3 - 24}{x^2}$

Cross multiply

$24x^3 - 24 = 0 * x^2$

$24x^3 - 24 = 0$

Add 24 to both sides

$24x^3 = 24$

Divide through by 24

$x^3 = 1$

Take cube roots of both sides

$x = 1$

Recall that

$Width = x$

$Base = 2x$

$Height = h$ and $h = \frac{5}{x^2}$

Solve for these dimensions:

$Width = 1$

$Base = 2 * 1$

$Base = 2$

$h = \frac{5}{1^2}$

$h = \frac{5}{1}$

$h = 5$

i.e.

$Height = 5$

<em>Hence, the dimension that minimizes the container is width = 1; base = 2 and height = 5</em>

<em></em>

Recall that

$C = 12x^2 + \frac{24}{x}$

Substitute 1 for x

$C = 12(1^2) + \frac{24}{1}$

$C = 12 + 24$

$C = 36$

<em>The minimum cost is $36</em>

8 0

3 years ago