Answer:
A. When a company has durable competitive assets that are central to its strategy and superior to those of rival firms.
Explanation:
A sustainable competitive advantage is basically the strength to hold on sustainably no matter what.
Larkin Company accumulated the following standard cost data concerning product I-Tal.
Direct materials per unit: 2.10 pounds at $6.36 per pound
Direct labor per unit: 5.26 hours at $10 per hour
Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $19.00 per direct labor hour
Compute the standard cost of one unit of product I-Tal. (Round answer to 2 decimal places, e.g. 2.75.)Standard cost _____ $
Answer:
$165.90
Explanation:
The computation of the standard cost of one unit of product is shown below:
Direct material per unit = 2.10 pounds × $6.36 per pound = $13.36
Direct labor per unit = 5.26 hours × $10 per hour = $52.6
Manufacturing overhead per unit = 5.26 hours × $19 per direct labor hour = $99.94
The total would be $165.90 which reflect the standard cost of one unit of product I-Tal
Assume the standard deviation of the U.S. market portfolio is 18.2%, the standard deviation of the non-U.S. portion of the world portfolio is 17.1%, and the correlation between the U.S. and non-U.S. market portfolios is .47. Suppose you invest 25% of your money in the U.S. stock market and the other 75% in the non-U.S. portfolio. What is the standard deviation of your portfolio?
a) 16.7% b) 15.5% c) 17.1% d) 18.6%
Answer:
b) 15.5%
Explanation:
Let U.S. market portfolio be represented by variable "U"
And let Non- U.S. market portfolio be represented by variable "N"
σP = SQRT [ w²U*σ²U + w²N*σ²N + 2*wS* wN*σU*σN*correl. ]
whereby,
w= weight of...
σ² = variance of...
σP=SQRT[0.25²*0.182² + 0.75²*0.171² + 2*0.25* 0.75* 0.182* 0.171* 0.47 ]
σP = SQRT[ 0.002070+ 0.0164 + 0.005485]
= SQRT(0.023955)
= 0.15477 or 15.5%
= As a percentage, the standard deviation of your portfolio is 15.5%
Briefly explain whether you agree or disagree with the following statement: "AssetsLOADING... are things of value that people own. Liabilities are debts. Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a liability."
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability.
B. Disagree. Both checking accounts and car loans represent bank liabilities.
C. Agree. Loans are debts and therefore bank liabilities.
D. Agree. Checking accounts are something of value that is in the bank. Therefore, they are a bank asset.
Answer:
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability.
Explanation:
Given the definitions of liabilities and assets, it is also important to distinguish the point of view when discussing whether a specific item is an asset or liability.
Since a checking account represents money bank users deposit into the bank, that means that the bank owes the money deposited to the bank customer.
Similarly, a car loan is a bank asset. It is an essential bank product representing the money lent to someone. That means bank users owe the bank in that case. Although the bank doesn't possess the loan money after providing someone with a loan, the loan money will be returned to the bank after some time (representing the key asset characteristic).
Does the fact that your bank keeps only a fraction of your account balance in reserve worry you? Why don't people rush to the bank and retrieve their money? What would happen if they did?
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. Is an opinion what contains the image. Judge it like it is.
Cyra is a musician who is contracted to perform for Vanta Blue, a local pub. Vanta Blue pays her an advance as part of the contract. But Cyra never shows up to perform at Vanta Blue. Vanta Blue sues Cyra for breach of contract and to request an order that Cyra carry out her contractual obligation. Which of the following remedies is most likely to be sought by Vanta Blue in this caseA. specific performanceB. substantial performanceC. tender performanceD. injunctionE. condition subsequent
Answer:
Specific performance.
Explanation:
In this case, Vanta Blue even pay upfront although Cyra end up not showing up. Cyra is suppose to perform as it is dealed.
Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $11 per share, record the issuance of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Answer:
The journal entry for the issuance of the common stock is shown below:
Explanation:
Cash A/c.............................................Dr $33,000
Common Stock A/c........................Cr $30
Paid in Capital A/c...........................Cr $32,970
Working Notes:
Cash = Number of shares × Issue Price
= 3,000 × $11
= $33,000
Common Stock = Number of Shares × Par Value
= 3,000 × $0.01
= $30
Paid in Capital = Cash - Common stock
= $33,000 - 30
= $32,970
The appropriate journal entry to record the transaction is: Debit Cash $33,000; Credit Common Stock $30; Credit Paid in Capital $32,970
Journal entryBased on the information given the journal entry to record the transaction is:
Western Wear Clothing journal entry
Debit Cash $33,000
(3,000 × $11)
Credit Common Stock $30
(3,000 × $0.01)
Credit Paid in Capital $32,970
( $33,000 - $30)
Inconclusion the appropriate journal entry to record the transaction is: Debit Cash $33,000; Credit Common Stock $30; Credit Paid in Capital $32,970.
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Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sheet: Common stock (3,000,000 shares authorized; 2,200,000 shares issued), $15 par, $33,000,000; Paid-in capital in excess of par—common stock, $9,000,000; and Retained earnings, $89,550,000. The board of directors declared a 5% stock dividend when the market price of the stock was $18 a share. Healthy Life reported no income or loss for the current year.
A. Journalize the entries to record (1) the declaration of the dividend, capitalizing an amount equal to market value, and (2) the issuance of the stock certificates.
B. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders’ equity.
C. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders’ equity.
Answer:
Please see attachment .
Explanation:
Please see attachment .
Jensen Automotive produces alternators for American-made cars. They generally use a static budget with the following costs based on 8,000 units per month: Indirect materials, $22,000; indirect labor, $25,000; utilities, $12,000; supervision, $4,000; depreciation, $18,000. If Jensen wanted to create a flexible budget for 9,000 units, what value would they record for variable costs?
A : $70,875
B : $52,875
C : $66,375
D : $91,125
Answer:
The correct answer is C.
Explanation:
Giving the following information:
They generally use a static budget with the following costs based on 8,000 units per month: Indirect materials, $22,000; indirect labor, $25,000; utilities, $12,000; supervision, $4,000; depreciation, $18,000.
Unitary variable costs= (22,000 + 25,000 + 12,000)/8,000= 59,000/8,000= 7.375
Units= 9,000
Total variable cost= 9,000*7.375= 66,375
The first step in the project control process for measuring and evaluating project performance is to ch13 Select one: a. Determine the project objectives. b. Determine the project deliverables. c. Analyze the project budget. d. Set a baseline plan e. Review the project priority matrix.
Answer:
The correct answer is (D)
Explanation:
One of the most significant perspectives to be considered in connection is to frame a benchmark plan. Execution estimation and target-setting are essential to the development procedure, however a pattern plan is basic and is considered as an initial step. While numerous private companies can run themselves easily without target-setting, however every organisation must have a plan and a way to execute those plan.
A sole proprietorship:
A. provides limited liability for its owner.
B. involves significant legal costs during the formation process.
C. has an unlimited life.
D. has its profits taxed as personal income.
E. can generally raise significant capital from nonowner sources.
Answer:
D. has its profits taxed as personal income.
Explanation:
Characteristics of a sole proprietorship :
1. It Is Owned by one person
2. The onwer has an unlimited liability.
3. It doesn't usually have an unlimited life. It usually ends with the death of the owner.
4. Profits are taxed as personal income.
5. It is very easy to form. It requires little legal cost.
A number of years ago, Kay acquired an interest in a partnership in which she is not a material participant. Kay's basis in her partnership interest at the beginning of 2015 is $40,000. Kay's share of the partnership loss is $35,000 in 2015, while her share of the partnership income is $15,000 in 2016. How much may Kay deduct in 2015 and 2016, assuming that she owns no other passive activities?
Answer:
deduction = 0 in 2015
Deduction = $ 15000 in 2016
balance = $20000
it is carried forward to the year 2017
Explanation:
given data
partnership interest = $40,000
partnership loss = $35,000
partnership income = $15,000
to find out
How much may Kay deduct in 2015 and 2016
solution
we can say that Loss is adjust or deduct against Profit of Kay when it makes profit during a year
so as that Kay make loss in 2015 and no profits during that year to adjust those loses against
so deduction = 0 in 2015
but
in 2016
Kay income = $ 15000
Kay adjust loss of previous year against this income to extent of income available
so Deduction = $ 15000 in 2016
and after that
here balance after deducting the passive loss is
balance = $35000 - $15000
balance = $20000
it is carried forward to the year 2017
Suppose a period of continuous political instability leads people to believe that the economy will slide into a deep recession. As a result, people become more likely to accept ______money in exchange for goods and services. U.S. dollars are an example of _____ money.
Answer:
(1) Commodity
(2) Flat
Explanation:
(1) Commodity
If people expect a deep recession coming ahead, they know that fiat (paper) money will lose all its purchasing power. Holding fiat money will not buy them their standard basket of goods & services, so they will prefer to hold commodity money.
(2) Flat
Fiat money is the legal tender money authorized by government, and any country's currency is a fiat money.
Crane Company prepared a fixed budget of 40000 direct labor hours, with estimated overhead costs of $200000 for variable overhead and $90000 for fixed overhead. Crane then prepared a flexible budget at 37000 labor hours. How much is total overhead costs at this level of activity?
Answer:
$275,000
Explanation:
The computation of the total overhead cost is shown below:
= Variable overhead cost + fixed overhead cost
where,
Variable overhead cost equals to
= (Total estimated overhead cost ÷ fixed direct labor hour hours) × flexible budget labor hours
= ($200,000 ÷ 40,000) × 37,000
= $185,000
And, the fixed overhead is $90,000
ow put these values to the above formula
So, the value would be equal to
= $185,000 + $90,000
= $275,000
Shelton Co. purchased a parcel of land six years ago for $874,500. At that time, the firm invested $146,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $54,500 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $926,000. What value should be included in the initial cost of the warehouse project for the use of this land? $1,020,500
Answer:
$926,000
Explanation:
For computing the initial cost of the warehouse project, we consider the current value of the land i.e represent the opportunity cost and the land value which is purchased six years ago for $874,500 represent the sunk cost which is not recoverable now. So, this sunk cost is not relevant.
And, the lease cost is also not relevant as the lease period will be ended soon.
All other information which is given is not relevant. Hence, ignored it
Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders’ equity. January 1 Issues 600 shares of common stock for $40 per share. April 1 Issues 100 additional shares of common stock for $44 per share.
Required:
a) Record the transactions, assuming Clothing Frontiers has no-par common stock.
b) Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock.
Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $24,000 (600 shares × $40)
To Common Stock $600 (600 shares × $1)
To Additional Paid-in Capital in excess of par - Common Stock $23,400
(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)
2. Cash A/c Dr $4,400 (100 shares × $44)
To Common Stock $100 (100 shares × $1)
To Additional Paid-in Capital in excess of par - Common Stock $4,300
(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)
Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system?
A) a debit to Accounts Payable and a credit to Purchases
B) a debit to Accounts Payable and a credit to Merchandise Inventory
C) a debit to Merchandise Inventory and a credit to Accounts Payable
D) a debit to Purchases and a credit to Accounts Payable
Answer:
C) a debit to Merchandise Inventory and a credit to Accounts Payable
Explanation:
The journal entry to record the purchase of inventory on account by using the perpetual inventory system is shown below:
Merchandise Inventory A/c Dr XXXXX
To Accounts Payable A/c XXXXX
(Being merchandise is purchase on credit)
Simply we debited the merchandise inventory account and credited the account payable account so that the correct posting can be done.
Johnson Corp. has an 8% required rate of return. It’s considering a project that would provide annual cost savings of $50,000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value PV of an Annuity Year of 1 at 8% of 1 at 8%
1 .926 .9262 .857 1.7833 .794 2.5774 .735 3.3125 .681 3.993A) $165,600.B) $125,910.C)$199,650.D)$34,050.
Answer:
C)$199,650
Explanation:
The computation of the spending amount is shown below:
= Annual cost savings × PVIFA (8%, 5 years)
where,
Annual cost saving is $50,000
PVIFA = 3.993
Now put these values to the above formula
So, the value would be equal to
= $50,000 × 3.993
= $199,650
Simply we multiply the annual cost saving with the PVIFA so that the true amount can come.
Chris Co. is considering replacing an old machine. The old machine was purchased for $100,000 and has a book value of $40,000 and should last four more years. Chris Co. believes that it can sell the old machine for $50,000. The new machine cost $80,000 and will have a 4-year life and a $10,000 salvage value. Currently, it cost $20,000 annually to operate the old machine. The new machine is more efficient and should reduce operating cost by 50%. Based on quantitative analysis, calculate the relevant costs and indicate if Chris Co. should replace the old machine?
a. No, because the relevant cost of the new machine is $10,000 more than the cost of the old machine.
b. Yes, because the relevant cost of the new machine is $10,000 less than the cost of the old machine.
c. No, because the relevant cost of the new machine is $20,000 more than the cost of the old machine.
d. Yes, because the relevant cost of the new machine is $20,000 less than the cost of the old machine.
Answer:
The answer is letter A.
Explanation:
No, because the relevant cost of the new machine is $10,000 more than the cost of the old machine.
Final answer:
After calculating the relevant costs for both keeping the old machine and purchasing the new machine, Chris Co. will save $80,000 over the next four years by purchasing the new machine. Thus, the company should replace the old machine.
Explanation:
To determine whether Chris Co. should replace the old machine, we need to calculate the relevant costs of keeping the old machine versus purchasing and operating the new one over the next four years. We'll ignore sunk costs like the purchase price of the old machine and focus only on the cash flows that will actually be affected by the decision from now on.
The old machine can be sold for $50,000, which is a cash inflow. It costs $20,000 annually to operate, totaling $80,000 over the next four years. The new machine costs $80,000 and will have a $10,000 salvage value in four years. The operational costs of the new machine are 50% less than the old machine, which would be $10,000 annually ($20,000 / 2), totaling $40,000 over the next four years.
The total cost for keeping the old machine for the next four years (ignoring the book value since it's a sunk cost and non-cash expense): sale of old machine - cost of operation = $50,000 - $80,000 = -$30,000.
The total cost for purchasing and operating the new machine: cost of new machine + operational costs - salvage value = $80,000 + $40,000 - $10,000 = $110,000.
The net savings by replacing the old machine: cost of keeping old machine - cost of new machine = -$30,000 - $110,000 = $80,000.
Since the cost of replacing the machine is $80,000 less than keeping the old one, the answer is (d) Yes, because the relevant cost of the new machine is $20,000 less than the cost of the old machine.
Consider the case of Yellow Duck Distribution Company: Yellow Duck Distribution Company is expected to generate $180,000,000 in net income over the next year. Yellow Duck Distribution has forecasted a capital budget of $83,000,000, and it wishes to maintain its current capital structure of 70% debt and 30% equity. If the company follows a strict residual dividend policy and makes distributions in the form of dividends, what is its expected dividend payout ratio for this year?
A. 81.86%
B. 64.63%
C. 86.17%
D. 73.24%
Answer:
C. 86.17%
Explanation:
The computation of the expected dividend payout ratio is shown below:
Expected dividend pay out ratio = 100 - {(capital budget × equity ratio) ÷ (net income} × 100
= 100 - {($83,000,000 × 30%) ÷ ($180,000,000} × 100
= 100 - (24,900,000 ÷ $180,000,000) × 100
= 100 - 13.83%
= 86.17%
All other information which is given is not relevant. Hence, ignored it
The expected dividend payout ratio for Yellow Duck Distribution Company is calculated by deducting the equity portion of the capital budget from net income and then dividing by net income to find the ratio. The payout ratio comes to 86.17%, making option C the correct answer.
Explanation:Considering the case of Yellow Duck Distribution Company and its expected net income and capital budget, to find its expected dividend payout ratio under a strict residual dividend policy it is necessary to perform a calculation. The company needs to finance its capital budget proportionally with debt and equity according to its capital structure. With a capital budget of $83,000,000 and a 30% equity target, the equity portion of the capital budget would be 30% of $83,000,000, equal to $24,900,000. Since the company generates $180,000,000 in net income and will use $24,900,000 of this for capital budget financing, the amount available for dividends is the residual, in this case, $180,000,000 - $24,900,000 = $155,100,000. To calculate the dividend payout ratio, we divide the dividends by the net income: $155,100,000 / $180,000,000 = 86.17%. Therefore, option C is the correct answer.
An investor wants to determine the safest way to structure a portfolio from several investments. Investment A produces an average annual return of 14% with a variance of 0.025. Investment B produces an average rate of return of 9% with a variance of 0.015. Investment C produces an average rate of return of 8% with a variance of 0.010. Investments A and B have a covariance of 0.00028, and investments A and C have a covariance of -0.006. Investments B and C have a covariance of 0.00125.
a. Suppose the investor wants to achieve at least a 12% return. What is the least risky way of achieving this goal? Round the answers for portfolio investments to one decimal place and portfolio variance to four decimal places. Investment A % B % C % Variance
b. Suppose the investor regards risk minimization as being five times more important than maximizing return. What portfolio would be most appropriate for the investor? Round the answers for portfolio investments to one decimal place and portfolio variance to four decimal places. Investment A % B % C % Variance
Answer:
If minimizing the risk is important according to the solver report the way of investing is A=41.9% ,B=15.34% and C =42.76%
Explanation:
Please see attachment
Carrie, age 55, is an employee of Rocket, Inc. (Rocket). Rocket sponsors a SEP IRA and would like to contribute the maximum amount to Carrie’s account for the plan year. If Carrie earns $14,000 per year from Rocket, what is the maximum contribution Rocket can make on her behalf to the SEP IRA?
A. $3,400.
B. $3,500.
C. $3,500 plus a catch up of $6,000.
D. $53,000.
Answer:
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Explanation:
OH
OH
VXC FBJK
A firm’s profit margin is 5 percent, its debt/assets ratio is 56 percent, and its dividend payout ratio is 40 percent.
If the firm is operating at less than full capacity.
Then sales could increase to some extent without the need for external funds, but if it is operating at full capacity with respect to all assets, including fixed assets, then any positive growth in sales will require external financing.
Would this be True or False and why?
Answer:
The given statement is FALSE.
Explanation:
It will only be till sustainable growth rate that the firm will not require external financing. The debt /ratio demands resources to sustain the operation, which are not powered by the profit margin.
Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $60,000 to produce 1,675 units that can be sold now for $97,500 to another manufacturer. Alternatively, Holmes can process the units further at an incremental cost of $290 per unit. If Holmes processes further, the units can be sold for $415 each. Should Holmes sell the product now or process it further.
Please answer in the format provided below
Sales As Is Process further Incremental Accounting
Sales $97,500
Additional Process costs
Total $97,500
Answer:
Holmes should sell process the product further, because the profit if process further is higher than sell product now.
Explanation:
Net profit if sell product now is $37,500 ( = sales to another manufacturer $97,500 – already spent $60,000)
Sales as in process further/ Incremental Accounting
Sales: $695,125 (=$415 x 1,675 units)
Additional Process costs: $485,570 (=$290 x 1,675 units)
Net profit if process further = total sales $695,125 – already spent $60,000 – additional process cost $485,570 = $149,555, higher than profit $37,500 if sell now.
Garnet Company’s most popular product has a unit variable cost of $40 and a unit sales price of $70.40. Fixed manufacturing costs are $192,000 when the company produces and sells 10,000 units. Garnet has been approached with a one-time opportunity to sell 1,000 more units for $56 each. Because the customer is a foreign wholesaler, these sales will not impact present sales. If Garnet has sufficient capacity, how much will net income change as a result of the special order?
A : $3,200 decrease
B : $56,000 increase
C : $16,000 increase
D : $14,400 decrease
Answer:
16,000
Explanation:
The net income change will be a $56,000 increase due to the special order.
The net income change as a result of the special order will be a $56,000 increase.
To calculate the change in net income, we first need to determine the additional revenue from the special order, which is 1,000 units * $56 = $56,000. Then, we subtract the variable cost of the additional units, 1,000 units * $40 = $40,000. Therefore, the net income increase will be $56,000 - $40,000 = $16,000.
The service division of Raney Industries reported the following results for 2017.
Sales $567,200
Variable costs 340,320
Controllable fixed costs 95,700
Average operating assets 609,100
Management is considering the following independent courses of action in 2018 in order to maximize the return on investment for this division.
(1) Reduce average operating assets by $127,100, with no change in controllable margin.
(2) Increase sales $102,300, with no change in the contribution margin percentage.
Compute the controllable margin and the return on investment for 2017.
Answer:
$131,180; 21.53%
Explanation:
The controllable margin and the return on investment for 2017 are as follows:
Controllable Margin = Sales - Variable cost - Controllable fixed cost
= $567,200 - $340,320 - $95,700
= $131,180
Return on investment = Controllable Margin ÷ Average operating assets
= $131,180 ÷ $609,100
= 0.2153
= 21.53%
Melvin receives stock as a gift from his uncle. No gift tax is paid. The adjusted basis of the stock is $30,000 and the fair market value is $38,000. Melvin trades the stock for bonds with a fair market value of $35,000 and $3,000 cash. What is his recognized gain and the basis for the bonds?
Melvin's recognized gain from trading the stock is $8,000, and the basis for the bonds he received is $35,000.
Melvin's recognized gain is calculated by determining the difference between the fair market value of the stock traded ($38,000) and the basis of the stock ($30,000). Therefore, Melvin's recognized gain is:
Fair Market Value of Stock - Adjusted Basis
($38,000 - $30,000) = $8,000
Since Melvin received $3,000 cash and bonds valued at $35,000, the total value he received is $38,000.
For the basis of the bonds, the basis will be the same as the stock's adjusted basis plus recognized gain minus cash received:
Adjusted Basis of Stock + Recognized Gain - Cash Received
($30,000 + $8,000) - $3,000 = $35,000
Therefore, Melvin's recognized gain is $8,000, and the basis for the bonds is $35,000.
Janice Cullen, owner of a nationally renowned photography business, files a registration statement and prospectus with the SEC. Five days after she files the registration statement, she has a meeting with her top 10 clients (primarily business owners who usually seek Janice for marketing purposes). During this meeting, Janice distributes a red-herring prospectus. At the end of the meeting, Janice decides to sell securities to her 10 clients, as well as 30 other clients with whom she had been emailing, despite the SEC?s not having yet declared her registration statement effective. Consequently, the SEC takes Janice to court for selling securities before the effective date of registration.The court holds Janice liable for violating the 1933 Securities Act.But what if the facts of the case were different? Select each set of facts below that could change the outcome of the case.A. Janice?s photography business was a registered non-profit, and focused on teaching art and photography in public schools. Her top 10 clients were owners of local charities.B. Janice published a tombstone advertisement before meeting with her top 10 clients. They saw this advertisement and were eager to engage in business with Janice.C. The 40 clients who bought the securities from Janice were accredited investors.D. Janice sold the securities to the 40 clients 25 days after she filed her registration statement.Ps. There might be more than one answer - choose all that apply
Answer: (A) and (D)
Explanation:
(A)
Since it is a nationally renowned photography business, it has been running for sometime. Most likely hence, it has been operating as a registered nonprofit organization and the top 10 clients were owners of local charities
(D)
Janice sold the securities to the 40 clients 25 days after filing her registration statement with the Securities and Exchange Commission.
The question says she "decided" to sell those securities on the 5th day after filing her registration statement. It didn't say she sold it on that day.
So, if we sold the securities 25 days after, her court case would be different.
Assume material A calls out material B. Material A has a stock quantity of 20. Material A has a demand for 100 due on 7/2 and there is an order for 80 with a due date of 7/2 and start date of 6/25. What is the requirement date that will be generated for product B
_____(Enter your answer as a date in the format M/DD; eg 8/1 or 7/12)
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Write me here and I will give you my phone number - *pofsex.com*
My nickname - Lovely
The requirement date for material B depends on the lead time for its production and availability. If the lead time is negligible, then material B would be required by 6/25 to meet the demand for material A due on 7/2.
Explanation:The requirement date for material B is determined by the need date of material A and any lead time required for material B to be produced, transported, and made ready for use in producing material A. Given that material A has a demand of 100 units due on 7/2 and there is an order for 80 units with the same due date of 7/2 and a start date of 6/25, we must consider the lead time necessary for the procurement or production of material B. If the lead time is not provided, it is impossible to accurately determine the requirement date for material B. However, if we assume that material B is readily available or the lead time is negligible, material B would theoretically be required by the start date of the order for material A, which is 6/25.
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Atlas Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,000 were put into production. Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000, and selling and administrative costs totaled $396,000. The company manufactured 8,400 television sets during the month. Assume that there were no beginning or ending work in process balances. What was the total product cost for last month?
Answer:
$1,925,000
Explanation:
Given that,
Direct Material = $550,000
Direct Labor = $880,000
Over Head = $495,000
selling and administrative costs = $396,000
Television sets manufactured during the month = 8,400
Total product cost for last month:
= Direct Material + Direct Labor + Over Head
= $550,000 + $880,000 + $495,000
= $1,925,000
For years Microsoft did not pay dividends to its shareholders. Instead it held back these profits to be used for future growth or expansion. These undistributed profits are referred to
1. ascurrent assets.
2. owners' equity.
3. retained earnings.
4. dividends payable
Answer:
3. retained earnings.
Explanation:
When a company earns profit, taxes are deducted to find the net profit or net earnings. From these, it pays dividends at a certain dividend payout ratio; which is usually dividends/ net profit. Whatever remains is reinvested back into the company for funding potential profitable projects and other expansions and are referred to as retained earnings. This gives the retention rate which is basically (1 - payout ratio).