Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,150 and $165,800 at December 31, 2017 and 2018, respectively. During 2018 Clor recognized $75,900 of net income and paid dividends of $20,900. Assuming that Bloomfield owned the same percentage of Clor throughout 2018, their percentage ownership must have been (Round your answer to the nearest whole percent):

Answers

Answer 1

Answer:

If we assume that in year 2018 , Bloomfield had same amount of percentage of ownership in Clor as they had in 2017 then in 2018 the amount of percentage that Bloomfield will held in Clor would be 28.45%.

Explanation:

Here it is given that we are to assume that Bloomfield accounts for its investment in Clor under the equity method and given investment in 2017 was $150,150 and investment in 2018 is $165,800.

So for calculating the amount of percentage we can assume that the percentage is X, and here we will add amount in 2017 with X% of ( net income - dividend declared ) to get the total amount in 2018.

$150,150 + X% ( $75,900 - $20,900 ) = $165,800

$150,150 + X% ( $55,000 ) = $165,800

X% (55,000) = $165,800 - $150,150

X% = 15,650 / 55,000

X% = .28454 ( MULTIPLYING BY 100 )

X% = 28.45


Related Questions

In an eight-hour day Nicolas can catch 24 pounds of fish or he can repair 15 cars. In an eight-hour day Alejandro can catch 27 pounds of fish or he can repair 18 cars. If both men decide to follow their comparative advantage then Nicolas will gain from trade if he can sell 100 units of the good he is specializing in for at least ____ units of the other good. Enter a number rounded to 2 decimal places as necessary.

Answers

Answer:

Explanation:

Here Nicolas will gain comparative advantage only when he is selling the good he is specializing in and he would specialize in that good which would have lower opportunity cost for him. So the first step that we have to do here is to find out for which good Nicolas will have lower opportunity cost.

For Nicolas who in 8 hours can either catch 24 pound of fish or repair 15 cars,

the opportunity cost for catching 1 fish is = 15/24 = .625

the opportunity cost for repairing 1 car is = 24/15 = 1.6

So from the above observation we can say that for Nicolas catching fish has lower opportunity cost for him , so he should specialize in catching fish.

Therefore the term of trade for Nicolas would be

1 fish = .625 cars ,

if he can catch and sell 100 units worth of fish then he would have to give up 62.5 cars and then only he will gain from trade,

1 x 100 fish = .625 x 100

100 fish = 62.5 cars.

Answer: 63 units

Explanation:

Comparative advantage: A country has a comparative advantage in producing a commodity, if the opportunity cost of producing a commodity in terms of other commodity is lower in that country as compared to the other country.

Nicolas Comparative advantage:

(1) Opportunity cost of repairing 1 car = [tex]\frac{24}{15}[/tex]

                                                              = 1.6

So, 1.6 pounds of fish have to be foregone for repairing 1 car.

(2) Opportunity cost of catching 1 pound of fish = [tex]\frac{15}{24}[/tex]

                                                              = 0.625

So, 0.625 units of car repair have to be foregone for catching 1 pound of fish.

Alejandro Comparative advantage:

(1) Opportunity cost of repairing 1 car = [tex]\frac{27}{18}[/tex]

                                                              = 1.5

So, 1.5 pounds of fish have to be foregone for repairing 1 car.

(2) Opportunity cost of catching 1 pound of fish = [tex]\frac{18}{27}[/tex]

                                                              = 0.666

So, 0.666 units of car repair have to be foregone for catching 1 pound of fish.

Hence, above calculations shows that Nicolas has a comparative advantage in catching fish because Nicolas has a lower opportunity cost of catching 1 pound of fish than Alejandro.

Whereas, Alejandro has a comparative advantage in repairing cars because    Alejandro has a lower opportunity cost of repairing 1 car than Nicolas.

If Nicolas wants to catch 1 pound of fish so he have to foregone 0.625 cars repair.

so, if he can sell 100 pounds of fish as he is specialized in this good, then he have to foregone:

⇒100 × 0.625 = 63 cars repair

Suppose a recent college graduate's first job allows her to deposit $150 at the end of each month in a savings plan that earns 6%, compounded monthly. This savings plan continues for 15 years before new obligations make it impossible to continue. If the accrued amount remains in the plan for the next 15 years without deposits or withdrawals, how much money will be in the account 30 years after the plan began? (Round your answer to the nearest cent.)

Answers

Answer:

$107,054.45

Explanation:

rate 6% annual compounded monthly so the monthly rate will be 0.5%

The situation will be the following

first we have

Annuity of 150 for 15 years x 12 = 180 months and 6% /12 = 0.5% rate

Then

this ammount will be generate interest for 15 more years

Annuity of $150 during 180 period at 0.5% = $43,623

Then 43,623 for 180 period at 0.5%  = $107,054.45

When you take out a mortgage your home becomes the collateral. true or false

Answers

Answer:

True

Explanation:

A mortgage loan is done to purchase or create real state or by existing property owners to raise funds for any purpose, in both cases, while putting a lien on the property being mortgaged.

The collateral will be the property, because is the item pledged to guarantee the repayment of a loan.

Foreclosure or repossession:

The act upon which the lender will take possession and sell the property to pay off the loan in the event the borrower fails to perform the payment in terms.

Assume an economy experienced a positive rate of inflation between 2003 and 2004 and again between 2004 and 2005. However, the inflation rate was higher between 2004 and 2005 than it was between 2003 and 2004. Which of the following scenarios is consistent with this assumption? A. The CPI was 100 in 2003, 120 in 2004, and 135 in 2005. B. The CPI was 100 in 2003, 110 in 2004, and 105 in 2005. C. The CPI was 100 in 2003, 105 in 2004, and 130 in 2005. D. The CPI was 100 in 2003, 90 in 2004, and 88 in 2005.

Answers

Answer:

Option C

Explanation:

We have to look into the option were:

CPI 2005 > CPI 2004 > CPI 2003

else the country wouldn't experienced a positive inflation

and also

2005/2004 is higher than 2004/2003

to make true the statment that inflation during 2005 was higher than in 2004

Option A and option C meet the first requirement

Let's see if A pass the second requirement

Then 135/120 = 1,125 = 12.5% inflation

And   120/100 = 1.2     = 20% inflation

Option A do not pass this requirement

Option C

130/105  = 23.8%

105/100 = 5%

It sucess !

A school PTA wants to rent a dunking tank for its annual school fundraising carnival. The cost is $85.00 for the first three hours and then $19.50 for each additional hour or part thereof. How long can the tank be rented if up to $185 is budgeted for this expense?

Answers

Answer:

it can be rented for 8 hours

Explanation:

From the available amount we are discounting the starting value:

185 -85 first three hours 100

We are left with $100 for the extra hours

100/19.5 = 5 additional hours

so the total hours would be the first three plus five additional for a total of eight hours.

Centurion Alarms recently declared a 10 percent stock dividend. Prior to the stock dividend, the equity section on Centurion's balance sheet was: ​ Common stock (100,000 shares outstanding, $1 par value) $100,000 Additional paid-in capital 60,000 Retained earnings 90,000 Total common shareholders' equity $250,000 ​ Centurion's stock currently sells for $4 per share. After the stock dividend is paid, the amount in the Common stock account should be _______ and the amount in the Retained earnings account should be ______. $110,000; $50,000 $100,000; $90,000 $140,000; $50,000 $100,000; $50,000 $90,000; $110,000

Answers

I believe the answer would be $110,000; $50,000

Dollar Shave Club is an ecommerce start-up that delivers razors to its subscribers by mail. By doing this, Dollar Shave Club is using a(n) _____ to disrupt an existing market.A. innovation ecosystem B. architectural innovation C. business model innovation D. incremental innovation

Answers

Hello there!

Your question asks what innovation Dollar Shave Club is using to disrupt the existing market they're currently in.

Answer: C. Business model innovation

The reason why answer choice "C. Business model innovation" would be the correct answer is because this is what Dollar Shave Club is doing to get business.

With their business model, they're showing customers that even though there are many other shaving brands out there, they should choose them because of what they're offering to its customers.

Their business model is a $5 monthly subscription that sends the customer a package of shaving goods, while other shaving companies aren't doing what they're doing.

With their subscription, they're showing customers that they should choose their business out of the other shaving businesses out there.

I hope this helps!Best regards,MasterInvestor
Final answer:

Dollar Shave Club used business model innovation to disrupt the existing razor market by providing a subscription-based service. This approach, which leveraged technology and a new business model, is part of a larger trend that has reshaped various industries, such as storage and transportation.

Explanation:

Dollar Shave Club is employing a business model innovation to disrupt the pre-existing market. This innovative approach involves providing a subscription-based service that delivers razors to consumers. This is a disruptive type of innovation because Dollar Shave Club rethought the traditional retail model of selling razors, instead offering convenient, direct-to-consumer mail delivery.

This is part of a larger trend of businesses leveraging technologies and new business models to reshape markets and industries. Other examples include the use of cloud-based storage platforms which eliminated the need for physical portable storage, and the impact of ride-sharing services on the taxi industry.

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Adrian Atwood, a senior manager at MNC, spends a lot of his time assigning group members to particular tasks and scheduling their work such that deadlines are achievable. Adrian also sets high expectations for standards of performance, and holds regular meetings to ensure that productivity and quality are up to the mark. In the light of the Ohio State Studies, this indicates that Adrian, as a leader, is ________.

Answers

Answer:

According to the Ohio state studies , we can say that the Adrian as leader is high in initiating structure.

Explanation:

Initiating structure can be defined as the particular degree to which a leader would define his or her role and also specify and organize the role of employees too, in order to achieve the organizations goals.

Adrian is also doing the same thing here, as she has given a lot of time in assigning employees their particular tasks and scheduling their work , in such a way that goals are achieved.

Shannon purchases reams of copy paper for $1.75 and sells them for $4.25. Her business is all on the internet, so she works from home and has minimal business expenses. She pays shipping costs of $1.18 per ream. She has one other employee that she pays $1,200 per month plus a commission of 8% of sales revenue. What is Shannon’s unit contribution margin?

Answers

Answer:

The contribution margin per unit is 0.98$

Explanation:

[tex]Sales \: Revenue - Variable \: Cost = Contribution \: Margin[/tex]

4.25 revenue

1.75 copo paper

1.18 shipping cost

.34 sales commision

3.27 total variable cost

Contribution 4.25 - 3.27 = 0.98

The contribution margin per unit is 0.98$ This is what is left after paying the variable cost.

​Elephant, Inc.'s cost of goods sold for the year is​ $2,000,000, and the average merchandise inventory for the year is​ $129,000. Calculate the inventory turnover ratio of the company.​ (Round your answer to two decimal​ places.)

Answers

Answer:

Inventory TurnOver = 15.50

Explanation:

[tex]\frac{net \: sales}{average \: Inventory} = Inventory \: TurnOver[/tex]

Where:

[tex]average \: Inventory = (beginning \: Inventory+ ending \: Inventory) \div 2[/tex]

In this case we are given with the average inventory so we can pass directly to calculate the turnover

2,000,000/129.000 = 15.50387597

Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and $600 when the price is set at $20 per basketball. Without using the midpoint formula, identify whether demand is elastic, inelastic, or unit-elastic over this price range.

Answers

Answer: Demand is Unit - Elastic over this price range.

Explanation:

When total revenue remains the same over various price level then the demand curve is unitary elastic.

Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.

A demand curve with an elasticity of 1 is called as unitary elasticity of demand.

Racicky was in the process of buying 320 acres of ranchland. While that sale was being negotiated, Racicky signed a contract to sell the land to Simon. Simon paid $144,000, the full price of the land. But Racicky went bankrupt before he could complete the purchase of the land, let alone its sale. Which of these remedies should Simon seek: expectation, restitution, specific performance, or reformation?

Answers

Answer:

The correct answer here is Restitution.

Explanation:

The remedy which is available here to Simon is restitution ( termed as Restitutionary damages), according to this remedy a injured party ( Simon in this case ) would be compensated for the losses or damage that he has suffered because of the actions of the defendant ( Racicky in this case ). So here Racicky has to submit any gain that he has received by causing damage to the Simon.

Here expectation can't be the answer because Racicky is now bankrupt and specific performance can't be the answer because Racicky is not the owner of the land , he hasn't bought it because he has gone bankrupt.

Suppose the federal government is considering an air quality policy initiative that would effectively increase abatement (A) of ozone from 10 percent to 20 percent and that the marginal social benefit (MSB) of ozone abatement in millions of dollars has been estimated as MSB = 120 − 2.5A. Determine the dollar value of incremental benefits associated with this initiative.

Answers

Answer: $4.615 is the dollar value of incremental benefit.

Explanation:

10% increase in abatement A would be equal to the marginal social benefit.

0.1[tex]\times[/tex]A = 120 - 2.5A

2.6[tex]\times[/tex]A=120

A=[tex]\frac{120}{2.6}[/tex]

A = 46.15

Incremental benefit MSB = 120 - 2.5[tex]\times[/tex]46.15 =$4.615

$4.615 is the dollar value of incremental benefit.

Final answer:

To find the dollar value of incremental benefits of increased ozone abatement from 10% to 20%, use the MSB function MSB = 120 − 2.5A to evaluate both levels. The increment is the difference in MSB, which is $25 million in this case.

Explanation:

The student asked how to determine the dollar value of incremental benefits associated with an increase in ozone abatement from 10 percent to 20 percent, given the marginal social benefit (MSB) function MSB = 120 − 2.5A.

To calculate the dollar value of the incremental benefits offered by the policy initiative, we first need to evaluate the MSB at the new abatement level (A = 20) and the initial abatement level (A = 10), and then find the difference between the two. Plug in A = 20 into the MSB function to get MSB = 120 − 2.5(20), which equals $70 million. Then plug in A = 10 to get MSB = 120 − 2.5(10), which equals $95 million. The incremental benefit is the difference between the two: $95 million - $70 million, which equals $25 million.

Step-by-step calculation

Calculate MSB at A = 20: MSB = 120 − 2.5(20) = $70 million.Calculate MSB at A = 10: MSB = 120 − 2.5(10) = $95 million.Find the incremental benefit: $95 million - $70 million = $25 million.

This $25 million represents the total increase in social benefits due to the policy's change from 10 percent to 20 percent ozone abatement.

You created a financial model for a pitchbook being presented tomorrow to a potential new client. While reviewing the final version of the presentation, you realize the results are incorrect. Write an email to your supervisor explaining the situation and your recommended solution. Please start with the subject line of the email.

Answers

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

I recommend you to delay the meeting for 3 hours by the scheduled time, as i need to check and correct the whole figures again and this would take time.

I am looking forwards for your advice.

Best Regards

Final answer:

In an email to your supervisor, explain the incorrect financial model in the pitchbook presentation and recommend immediate actions to rectify the situation.

Explanation:Email Subject: Urgent: Incorrect Financial Model in Pitchbook Presentation

Dear Supervisor,

I hope this email finds you well. I wanted to bring to your attention a critical issue with the financial model in the pitchbook presentation for the potential new client. During my review of the final version, I discovered that the results are incorrect.

To rectify this situation, I recommend the following solution:

Immediately halt the presentation and inform the team about the error.Work with the relevant stakeholders, such as the finance department or analysts, to identify the causes of the inaccuracies.Revise the financial model accordingly, ensuring that the correct calculations and data are incorporated.Rehearse the revised presentation to ensure the accuracy of the new financial model.

I apologize for any inconvenience caused by this mistake and will be available to assist in implementing the recommended solution. If you require any additional information or have any questions, please do not hesitate to reach out to me.

Thank you for your understanding and prompt attention to this matter.

Kind regards,

[Your Name]

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Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can be used by the Cologne Division. The Bottle Division's variable manufacturing cost is $3.10, shipping cost is $0.21, and the external sales price is $4.10. No shipping costs are incurred on sales to the Cologne Division, and the Cologne Division can purchase similar containers in the external market for $3.70. The Bottle Division has sufficient capacity to meet all external market demands in addition to meeting the demands of the Cologne Division. Using the general rule, the transfer price from the Bottle Division to the Cologne Division would be:

Answers

Answer:

transfer price 3.31

Explanation:

the minimun transfer price should be equal to the marginal cost:

In this case: variable manufacturing cost + shipping cost.

variable cost 3.1

shipping cos 0.21

marginal price 3.31 = cost of produce an additional unit = transfer price

there is no additional fixed cost so this should be the transfer price.

Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60), and the dividend is expected to grow forever at a constant rate of 6% a year. (a) What stock price is expected 1 year from now? Do not round intermediate calculations. (b) What is the estimated required rate of return on Woidtke's stock? Round your answer to the nearest cent.

Answers

Answer: Price after 1 year = $24.83

Explanation:

Return = [D1/P0 ]+ g

= [(3*1.08)/23] + 0.08

= 22.09%

We assume the return is same for next year as well.

Thus,

r = [D2/P1] + g

22.09% = (3*1.082/P1) + 8%

P1 = $24.83

Thus, price after 1 year is $24.83

What stock price is expected 1 year from now? $ 37.1

What is the estimated required rate of return on Woidtke's stock? 15.50%

Explanation:

A stock market is where investors meet to buy and sell shares. Stocks are an equity investment represented the part ownership in the corporation and entitles you to part of that corporation's earnings and assets

A dividend is the payment by a corporation to its shareholders, as a distribution of profits. A shareholder is individual or institution legally owns one or more shares of stock in corporation.

Stock price or share price is the price of a single share of a number of saleable stocks of a company, derivative or other financial asset.

Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60), and the dividend is expected to grow forever at a constant rate of 6% a year.

(a) What stock price is expected 1 year from now? Do not round intermediate calculations.

[tex]29*1.06 = 37.1[/tex]

$ 37.1

(b) What is the estimated required rate of return on Woidtke's stock? Round your answer to the nearest cent.

[tex]=\frac{(2.60*1.06)}{29} + 0.06\\[/tex]

[tex]= 15.50[/tex] %

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Chile and Argentina each produce jellybeans and peanut butter, using labor as their only resource. Each country has 1,000 hours of labor. In Chile, an hour produces a pound of jellybeans and 2 hours produce a pound of peanut butter. In Argentina, an hour produces a pound of jellybeans and 3 hours produces a pound of peanut butter. When they do not trade with each other, Chile consumes 600 pounds of jellybeans and 200 pounds of peanut butter, and Argentina consumes 400 pounds of jellybeans and 200 pounds of peanut butter. Which country has an absolute advantage in jellybean production?

Answers

Answer: Neither country have a absolute advantage in jellybean production.

Explanation:

Absolute Advantage: A country has a absolute advantage in producing a commodity if the production of that commodity requires less labor hours than the country.

In this question, neither country is having absolute advantage in jellybean production because in both the countries labor hour requirement in producing a pound of jellybean is 1 hour.

Therefore, labor hour requirement is same in both countries, so, neither country is having absolute advantage in jellybean production.

Mart, Inc., is a public company whose shares are traded in the over-the-counter market. At December 31, Year 2, Mart had 6 million authorized shares of $5 par value common stock, of which 2 million shares were issued and outstanding. The equity accounts at December 31, Year 2, had the following balances:

Answers

Final answer:

Mart, Inc., a publicly traded company, had six million authorized shares and two million issued and outstanding shares of $5 par value common stock by the end of Year 2.

Explanation:

Mart, Inc. is a publicly traded company in the over-the-counter market. As of December 31 in Year 2, Mart had 6 million authorized shares of $5 par value common stock, of which 2 million shares were issued and outstanding. Authorized shares represent the maximum number of shares that a company can legally issue. Mart's 6 million authorized shares suggest that the company is currently able to distribute a lot more shares than it actually has.

Issued and outstanding shares, mentioned as 2 million for Mart, are shares that have been sold and are currently owned by investors. They represent ownership in the company. Thus, out of 6 million possible, 2 million shares have been sold and then held by investors at the end of Year 2.

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Which of the following best illustrates the free rider problem?A. Since no one owns elephants and elephants are valued for their hide, meat and ivory, elephants can be hunted to extinction.B. For every purchase of a $30 fare card, you are entitled to five free bus rides.C. If your neighbors professionally landscape their front yards, it is likely that the market value of your property will increase.D. All three homeowners in a quiet cul-de-sac have expressed the desirability of security lighting in the common parking area. One of the homeowners installs the lighting and asks you to contribute toward the cost. You choose not to contribute.

Answers

Answer: Option (D) is correct.

Explanation:

The free rider problem arises when the burden of a shared product transfer on one person, since both are enjoying the utilities derived from that product.  

Other person refuses to pay for the shared product's burden and having a free ride.

In this question, there are three home owners and all of them are interested for fixing a security lighting in the parking lot.

Since, one of the homeowners installed that lights and asked others to pay for the product as they are also getting utilities from the security lightning.

But they refuses to contribute towards cost of security lightning in the parking lot. Hence, they are free riders.  

Final answer:

The free rider problem is best illustrated by the homeowner who benefits from the security lighting installed by another homeowner in their shared parking area but refuses to contribute to its cost. A free rider benefits from a public good without contributing to its provision, which can lead to unfair distribution of costs. This, in turn, may discourage the provision of public goods.

Explanation:

The option that best illustrates the free rider problem is 'D. All three homeowners in a quiet cul-de-sac have expressed the desirability of security lighting in the common parking area. One of the homeowners installs the lighting and asks you to contribute toward the cost. You choose not to contribute.'

A free rider is a person who benefits from a public good or service without contributing to its cost. This concept often applies to services or goods provided by governments or communities, but anyone can be a free rider when not contributing to a shared cause. In the example, the person who chooses not to contribute to the cost of the security lighting but still benefits from its presence is a free rider. This phenomenon can lead to the unfair distribution of costs and benefits, and may deter the provision of public goods and services.

To further explain, in common goods situations such as forests, fisheries, or air quality, where the goods are not excludable and may be finite, everyone has access. The 'tragedy of the commons' occurs when self-interested parties deplete those resources while acting in their own immediate self-interest, leaving nothing for future generations. In this case, the 'commons' is the security lighting, and the 'tragedy' unfolds when one party refuses to contribute, yet benefits from the light.

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Assume that in January 2013, the average house price in a particular area was $281,400. In January 2000, the average price was $198,300. What was the annual increase in selling price?

Answers

Answer:

The annual increase is

$6392.61

Explanation:

We need to calculate the total increase and then divide by the number of years

It is asking for nominal amount so we are not going to use any rate.

[tex] \frac{current \: value - previous \: value}{current \: year - previous \: year} = annual \: increase[/tex]

281400-198300= 83100 total increase

t2013 - 2000 = 13 time

83100/13=6392.61 annual increase

Swifty Corporation issued 3,100 5%, 5-year, $1,000 bonds dated January 1, 2017, at face value. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2017. (b) Prepare the adjusting journal entry on Dec 31, 2017, to record interest expense. (c) Prepare the journal entry on Jan 1, 2018, to record interest paid.

Answers

Answer:

(A)

cash 3,100,000

bonds payable 3,100,000

(B)

interest expense   155,000

interest payable                      155,000

(C)

interest payable   155,000

    cash                                      155,000

Explanation:

(A) the bonds were issued at par value so no discount or premium should be aknowledge

(B) 3,100 bonds x 1,000 face value x 5% interest = 155,000 interest expense

this interest expense is not paid at dec 31th so it is interest payable

(C) write-off the payable and the decrease in cash for the amount paid.

Augie purchased one new asset during the year (five-year property) on November 10, 2019, at a cost of $660,000. She would like to use the § 179 election and will also take additional first-year depreciation. The income from the business before the cost recovery deduction and the § 179 deduction was $600,000. Determine the maximum cost recovery deduction available on this asset for 2019.

Answers

Final Answer:

The maximum cost recovery deduction for Augie's new asset in 2019 is $1,040,000.

Explanation:

1. Section 179 Deduction:

Augie can use the § 179 election to deduct up to $1,040,000 of the asset's cost in the year of purchase (2019).

This limit applies to qualified business property, which the new asset likely qualifies as.

2. Additional First-Year Depreciation:

Augie can also take additional first-year depreciation under the Modified Accelerated Cost Recovery System (MACRS).

The depreciation deduction for the first year depends on the asset class, but it typically ranges from 20% to 30%.

Combining the Deductions:

Augie can claim the full § 179 deduction of $1,040,000, even if it exceeds the asset's cost.

This deduction will reduce her taxable income for 2019.

She can also claim any additional first-year depreciation allowed by MACRS.

Bank of America’s _____________ provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period. 1. leverage ratio 2. activity ratio 3. income statement 4. balance sheet

Answers

Answer:

3. income statement

Explanation:

Bank of America’s income statement provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period.

Final answer:

The income statement is the document which provides details of Bank of America's interest expense, its interest income, and other revenues and expenses over specific time period.

Explanation:

The document that provides information such as the interest expense, or the interest the bank, in this case Bank of America, paid to depositors, along with its interest income and its other revenues and expenses for a particular time period is known as its income statement.

This financial statement is essential for providing a detailed overview of the bank's financial performance, including its ability to earn income from its assets and pay off its liabilities within a specified period. The income statement provides investors and other stakeholders with information on the bank's earnings, costs, and net profit or loss.

To provide some context, while an income statement showcases the bank's revenues and expenses, a balance sheet lists assets and liabilities. This means the balance sheet offers a more static view of the bank's financial situation at a specific point in time, whereas the income statement is more about the flow of transactions.

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In Myanmar​, six ​laborers, each making the equivalent of $ 2.50 per​ day, can produce 40 units per day. In China​, ten ​laborers, each making the equivalent of $ 2.25 per​ day, can produce 48 units. In Billings comma Montana​, two ​laborers, each making $ 60.00 per​ day, can make 102 units. Based on labor cost per unit​ only, the most economical location to produce the item is China ​, with a labor cost per unit of ​$ . 05. ​(Enter your response rounded to two decimal​ places.)

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Answer:

$0.520

Explanation:

To find the relative labor cost in each country, simply divide the production number by the total value used in the labor force (with all employees).

In China: $ 2.25 x 10 workers = $ 25 dollars a day with labor.

The cost per unit of production will be: 25/48 = $0.520

Helmsman Products sells a special type of navigation equipment for $ 1 comma 200. Variable costs are $ 800 per unit. When a special order arrived from a foreign contractor to buy 40 units at a reduced sales price of $ 1 comma 000 per​ unit, there was a discussion among the managers. The controller said that as long as the special price was greater than the variable​ costs, the sale would contribute to the​ company's profits and should be accepted as offered. The vice​ president, however, decided to decline the order. Which of the following statements supports the decision of the vice​ president? A. The company will need to hire additional staff to execute this order. B. The order is not likely to affect the regular sales. C. The variable costs of $ 800 includes variable costs of packing the product. D. The company is operating at​ 70% of its production capacity.

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Answer:

A. The company will need to hire additional staff to execute this order.

Explanation:

Since it is a special order, that too with a lower sale price, will affect the normal sales, and for this in order to make this order viable and not affect normal sales we need additional staff. Normal sales are domestic in nature, variable packing cost for international transfer will be additional to normal variable cost of $800 as would not be included, it does not matter whether currently the company is operating at 70% capacity as total fixed cost will be same additional variable cost based on number of units will be incurred then contribution margin will provide for profit, thus

Therefore The statement supporting Vice President is

A. The company will need to hire additional staff to execute this order.

Englehart, Inc. reports the following operating results for the month of August: Sales $450,000 (units 5,000); variable costs $280,000; and fixed costs $115,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 10% with no change in total variable costs. 2. Reduce variable costs to 60% of sales. 3. Reduce fixed costs by $15,000. Compute the net income to be earned under each alternative.

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Answer:

(1)  net income 72,000

(2) net income 65,000

(3) net income 70,000

Explanation:

sales 450,000 - 280,000 = 170,000 contribution

contribution / sales = CMR = .37777777 = 17/45

(1)

Δincrease in sales x CMR = Δoperating income

10% of 450,000 x 17/45 = Δoperating income

17,000 = Δoperating income

previous t income + Δoperating income = new net income

55,000 + 17,000 = 72,000

(2)

varible cost = 60% of sales

then CMR= sales - 60% of sales = 40%

Sales x CMR - fixed cost = net income

450,000 x .4 - 115,000 =  65,000

(3)

↓fixed cost = 15,000

previous t income + ↓fixed cost = new net income

55,000 + 15,000 = 70,000

Construct a 95% confidence interval for the population mean, μ. Assume the population has a normal distribution. A sample of 20 part-time workers had mean annual earnings of $3120 with a standard deviation of $677. Round to the nearest dollar.

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Final answer:

To construct a 95% confidence interval for the population mean, μ, use the formula: (sample mean - (2 * (sample standard deviation / √n)), sample mean + (2 * (sample standard deviation / √n))). The confidence interval for the given sample is ($2850.55, $3389.45).

Explanation:

To construct a 95% confidence interval for the population mean, μ, we can use the formula: (sample mean - (2 * (sample standard deviation / √n)), sample mean + (2 * (sample standard deviation / √n))). In this case, the sample mean is $3120 and the sample standard deviation is $677. Since the sample size is 20, we divide the standard deviation by √20. Plugging in the values, we get a confidence interval of ($2850.55, $3389.45). Therefore, we can estimate with 95% confidence that the true population mean annual earnings is between $2850.55 and $3389.45.

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The projected benefit obligation (PBO) is best described as thea. Present value of benefits accrued to date based on future salary levels.b. Present value of benefits accrued to date based on current salary levels.c. Increase in retroactive benefits at the date of the amendment of the plan.d. Amount of the adjustment necessary to reflect the difference between actual and estimated actuarial returns.

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Answer: the correct answer is a. Present value of benefits accrued to date based on future salary levels.

Explanation: The actuarial formula used to calculate the Projected Benefit Obligation takes into account future increases in pension contributions that would take place as the employee's salary increases. For a company the PBO is an estimate of the pension liability.

If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 2,000 + 170x + 4x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.)

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Answer: $2,98,491.106 ⇒ Total cost of production

Explanation:

Given that,

Total cost of production at x = 1000 units

C(x) = 2000 + 170x + 4[tex]x^{\frac{3}{2} }[/tex]

C(1000) = 2000 + 170(1000) + 4[tex]1000^{\frac{3}{2} }[/tex]

             = 2000 + 170000 + 126491.106

             = $2,98,491.106 ⇒ Total cost of production

So, above is the cost of producing 1000 units.

Which decision rule requires the consumer to rank the evaluative criteria in terms of their importance and to establish a cutoff point for each criterion, and all brands are first considered on the most important criterion, the second most important, and so on until only one brand remains? A) elimination-by-aspects B) lexicographic C) disjunctive D) conjunctive

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Best answer is b on e2020
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