Bramble Corp. just began business and made the following four inventory purchases in June:


June 1 140 units $938
June 10 190 units 1292
June 15 190 units 1349
June 28 140 units 1050
$4629

A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is

Answer:

Total deduction                               2,443.21

Explanation:

8,288

x 6.20% Sccial Security                      513.856

x 1.45% Medicate                                120.176

x 6.20% FUTA&SUTA  (for 7,000)       434              

Income tax witheld                           1,375.17

Total deduction                               2,443.21

We will multiply his taxable wages for period by the tax rate.

We must noticew FUTA and SUTA applies fdor the first 7,000 only so we multiply by 7,000 not by 8,288

Final answer:

The total amount of taxes withheld from Phildell Phoenix's earnings for January is $2,443.21 after calculating the Social Security tax, Medicare tax, FUTA tax, SUTA tax, and adding the federal income tax.

Explanation:

To calculate the total amount of taxes withheld from Phildell Phoenix's earnings for the month of January, we need to consider the following: federal income tax, Social Security, Medicare, FUTA, and SUTA taxes. As specified, the Social Security tax rate is 6.2%, Medicare tax rate is 1.45%, FUTA tax rate is 0.8%, and SUTA tax rate is 5.4%. The federal income tax withheld is given as $1,375.17.

First, calculate the Social Security tax:
$8,288 x 6.2% = $513.86. Next, calculate the Medicare tax: $8,288 x 1.45% = $120.18. The FUTA and SUTA taxes only apply to the first $7,000 of Phoenix's pay. So, the FUTA tax is $7,000 x 0.8% = $56. The SUTA tax is $7,000 x 5.4% = $378.

Add these tax amounts to the federal income tax withheld:
Federal Income Tax: $1,375.17
Social Security Tax: $513.86
Medicare Tax: $120.18
FUTA Tax: $56
SUTA Tax: $378

Total Taxes Withheld = $1,375.17 + $513.86 + $120.18 + $56 + $378 = $2,443.21

Therefore, the total amount of taxes withheld from Phoenix's earnings is $2,443.21, which corresponds to option b.

The retained earnings of Hernandez company decreased by $1.96 million during the year due to the declaration of both a 10% stock dividend and a $.50 per share cash dividend.

Firms can reward their investors through issuing dividends, which can impact retained earnings. In Hernandez company's case, first the stock dividend needs to be calculated. A 10% stock dividend on 560,000 shares gives 56,000 new shares. Since stock dividends are a reallocation of retained earnings to common stock, the value at which the new shares are issued is important. Here, the market value is $30 per share, hence the reduction in retained earnings due to the stock dividend is 56,000 * $30 = $1,680,000.

Next, the cash dividend amount is also subtracted from retained earnings. With $.50 for each of the 560,000 shares, the cash dividend totals to 560,000 * $.50 = $280,000.

So the total decrease in retained earnings from both stock and cash dividends comes to $1,680,000 + $280,000= $1,960,000.

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Answer:

C. $60,000

Explanation:

For computing the Erin investment, we have to assume the things which is shown below:

Let us assume Erin investment be X

We know that Erin would contributed 1 ÷ 4 investment in partners capital

So, the equation would be

1 ÷ 4 × ( $140,000 + $40,000 + X) = X

1 ÷ 4 × ($180,000 + X) = X

$45,000 + 1 ÷ 4X = X

So, $45,000 = 3 ÷ 4X

So, X = $45,000 × 4 ÷ 3

         = $60,000

Answer:

A. The storyboard is a deliverable that marks the end of the phase.

Explanation:

As in the information provided, it is clearly stated that the entire film making is properly divided into separate phases.

And thus, each phase itself is a deliverable component.

Therefore, when it is said that the storyboard is completed, it is clear that a particular phase, which is a individual deliverable component is completed.

Correct option is,

Statement A

Final answer:

To prepare a cost estimate for an additional 100 units, calculate the total direct costs and overhead, then apply the desired profit margin. The total cost of production for 100 units is $19,080, and to achieve a 40% profit margin, the quoted price for 100 units should be $31,800, or $318 per unit.

Explanation:

To calculate the price quote for 100 units of a product, we begin with the direct costs, which include labor costs and the cost of materials. The labor cost per unit is $17 per hour for 8 hours, totaling $136 per unit. The material cost per unit is $14. Therefore, the total direct cost is $136 (labor) + $14 (materials) = $150 per unit. For 100 units, the direct cost is $150 x 100 = $15,000.

The overhead cost is estimated at 30% of the direct labor cost, which is 0.30 x ($17 x 8 x 100) or $4,080. Adding the direct costs and the overhead cost, the total cost of production for 100 units is $15,000 + $4,080 = $19,080.

To achieve a 40% profit margin, the profit is calculated as a percentage of the total cost. To find the price to quote, we divide the total cost by (1 - profit margin), i.e., $19,080 / (1 - 0.40) = $31,800 for 100 units. This means the price per unit should be $31,800 / 100 = $318.

Answer:

a) the accounting equations keeps equals

b) in the explanation at the bottom

Explanation:

Agu 1.

a)the effect on the accounting equation

1. Opens an office as a financial advisor, investing $4,100 in cash in exchange for common stock.

the asset keeps the same

Pays insurance in advance for 6 months, $1,850 cash

the asset keeps the same

Receives $400 from clients for services performed

the asset increase because the cash increase +$400 and the accounts receivable decreased

Pays secretary $1,760 salary.

The cash decrease because paid -$1,760 and the account of the salaries to pay decrease -$1.760

b) the debit-credit analysis

                              debit          credit

Cash                                       -$4.100                   assets account

investing                +4100                                     assets account

Cash                                       -$1.850                   assets account

Pays insurance     +1.850                                     assets account

Cash                       +400                                      assets account

Acc receivable                       -400                       assets account

cash                         -1.760                                    assets account

wages to pay                          -1.760                    liabilities account

Equity options settle in 2 business days, while index options settle the next business day.

The statement that is true regarding the exercise of options contracts is that the exercise of equity options settles in 2 business days.

Equity options are options contracts that give the holder the right to buy or sell shares of a specific company's stock at a predetermined price within a specified time period. When an equity option is exercised, the settlement process takes 2 business days for the transfer of ownership to occur.

On the other hand, index options settle the next business day. Index options are options contracts based on the performance of a financial index, such as the S&P 500. When an index option is exercised, the settlement occurs on the next business day.

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"The correct statements regarding the exercise of options contracts are:

1. The exercise of equity options settles in 2 business days.

2. The exercise of index options settles next business day.

To understand the settlement process for options contracts, it is important to distinguish between equity options and index options:

1. Equity Options: These are options contracts on individual stocks. When an equity option is exercised, the transaction is settled in two business days. This means that if an investor decides to exercise an equity call option, they will receive the shares of the underlying stock two business days after the exercise notice is submitted. Conversely, if an equity put option is exercised, the investor will be required to deliver the shares of the underlying stock two business days after exercising the option.

2. Index Options: These are options contracts on stock indices, such as the S P 500. The settlement process for index options is different from that of equity options. When an index option is exercised, it is settled on the next business day. This is because index options are cash-settled rather than settled by the delivery of the underlying asset. Upon exercise, the option holder receives or pays the cash value of the option based on the difference between the strike price and the index level, which is determined on the day following the exercise.

Therefore, the statements "The exercise of equity options settles in 2 business days" and "The exercise of index options settles next business day" are accurate and true. The other two statements, "The exercise of equity options settles the next business day" and "The exercise of index options settles in 2 business days," are incorrect and do not reflect the standard settlement procedures for these types of options contracts."

Answer:

A money market account

Explanation:

A money market account is an interest-bearing account at a bank or credit union.

Answer:

Cost of sold goods= $1,027,600

Explanation:

The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

COGS=Beginning Inventory+Production during period−Ending Inventory

We need to calculate the production during the period.

Cost of manufactured period= Beginning work in progress inventory+ direct materials + direct labor + factory overhead - ending work in progress

Cost of manufactured period=84,500+961,300-73,200

= $972,600

Cost of sold goods= $374,000 + $972,600 - $319,000

Cost of sold goods= $1,027,600

The Cost of Goods Sold (COGS) in this case is calculated using the formula: COGS = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory. Substituting the given values, the COGS is found to be $1,016,300.

The Cost of Goods Sold (COGS) can be computed using the formula: COGS = Beginning Inventory + Purchases – Ending Inventory. In this case, we use a slightly adjusted formula because of the given 'Cost of Goods Manufactured'. Our formula now becomes: COGS = Finished Goods Inventory, Beginning + Cost of Goods Manufactured – Finished Goods Inventory, Ending

By substituting the provided values, we get: COGS = $374,000 + $961,300 - $319,000 which equates to $1,016,300.

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The FALSE statement about profit-maximizing firms in a competitive market is B. Firms earn no economic profit in the long run.

Profit-maximizing firms in a competitive market aim to earn the highest possible profit by producing and selling goods or services at a quantity and price where marginal cost equals marginal revenue. In such markets, firms are price takers, meaning they cannot influence market prices. They operate efficiently, minimizing costs while maximizing output to achieve economic profit in the short run.

In the long run, economic profits attract new firms, leading to a zero economic profit equilibrium. In a competitive market, firms are price takers and therefore, they cannot earn economic profit in the long run. In the long run, new firms will enter the market and existing firms will exit if they are not making economic profit. This process will continue until firms earn only normal profit, which means that their total revenue equals their total cost.

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Answer:

A. B = A and D > C + A

Explanation:

This will be explain better with an example

If there is 2 partners with 65,000 each

An a partner acquired 10% of a partnership for 20,000

Then the partnership worth will be: 20,000/0.1 = 200,000

But the capital will be 65,000 + 65,000 + 20,000 = 150,000

Then, there is a goodwill that will be recognize and increase the other partners capital accounts.

So, the amount credited for the new partner will be equal to his investment. (20,000 cash debit, partner 20,000 credit)

but the company's total capital will be higher than the sum of the capital before admission (130,000+20,000 = 150,000 while the capital is 200,000)

Answer:

c. 7 percent

Explanation:

The real interest rate will be net of the effect of inflation.

In this case we are givne with the principal and the amount.

We will solve for nominal rate first:

amount/ principal - 1 = rate

1,120/1,000 - 1 = 0.12

Now, we calculate the real rate of return. we subtract the inflation from the nominal to achieve the real rate.

nominal - inflation = real rate

0.12 - 0.5 = 0.07

The real interest rate will be of 0.07 = 7%

Answer:

I think answer the gDp deflator cannot be used to gauge inflation

The CPI is favored over the GDP deflator for gauging inflation because it more closely reflects the consumer spending on goods and services, representing the cost of living experienced by individuals.So,option a is correct.

The CPI (Consumer Price Index) is more commonly used as a gauge of inflation than the GDP deflator because a. the CPI better reflects the goods and services bought by consumers. The CPI is designed to measure the average price changes of a basket of goods and services typically purchased by urban consumers, which aligns closely with the general cost of living and consumer spending patterns. Unlike the CPI, the GDP deflator includes all new, domestically produced, final goods and services in an economy, regardless of whether they are purchased by consumers or not, such as investment goods and government services. Therefore, while the GDP deflator can serve as a measure of inflation across the entire economy, the CPI is more representative of the inflation experienced by individual consumers.

In financial mathematics, the future values of two annuities at the end of year 10 with both 10% and 20% interest rates are calculated. Annuity C has values are $25,937.42 and $38,759.36 respectively, while annuity D's values at these rates are $28,531.16 and $42,635.23. Hence, Annuity D has the greater future value for both interest rates.

The subject matter of this particular question involves financial mathematics, and more specifically, annuities. To determine the future value of annuities C and D at the end of year 10 with both 10% and 20% interest rates, we'll use the future value formula for an ordinary annuity and annuity due.

For the ordinary annuity (C), the formula is: FV = P * [ (1 + r)n - 1) / r ] where P = periodic payment, r = interest rate, n = number of periods. Meanwhile, for the annuity due (D), it's: FV = P * [ (1 + r)n - 1) / r ] * (1 + r).

Calculating these for each scenario gives:

Therefore, Annuity D has the greater future value at the end of year 10 for both 10% and 20% interest rates.

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Answer:

D&A=  2425000

Explanation:

Giving the following information, we need to find the charge for depreciation and amortization:

EBITDA= 7500000

Interest=1950000

Net income= 1875000

t=0,40

We know that:

EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

First, we need to calculate the amount of tax:

Tax= [net income/(1-t)]- net income= 1250000

EBIT= Net profit + Tax + Interest= 1875000 + 1250000+ 1950000= 5075000

Now we can calculate the amount of depreciation and amortization:

D&A= EBITDA- EBIT= 7500000 - 5075000= 2425000

Answer:

c. ​They are most likely to lead anti-globalization demonstrations.

Explanation:

Global agnostics refers to the consumers who do not purchase the products based on global attitude towards the brands. Such consumers evaluate the brands in the same way as they evaluate the local products. In the United States and South Africa, such types of consumers are the maximum. While around the globe there is very less percentage of such consumers.

Answer: Option C

Explanation: Public offering refers to the offering made by a company to the general public. Securities firm are the firms which specializes in such kinds of transactions.

The job of such firm is to make sure that the offering takes place correctly and all the shares are sold at the determined price. These firms then charge their fees from the issuing company. The fees could be fixed or variable as per the sale made.

Hence the correct option is C.

Answer:

B) It can help create jobs in the economy by increasing demand for goods and services

Explanation:

E) UNICEF and other nonprofit organizatin do marketing do raise funds

D) on internet there are tons of marketing campaing of different company's and styles.

C) if it build loyal customers, it is building a brand name which is an intangible assets

A) no company would spend on activities with no importance.

B) The marketing aims to increase the knowledge of the firm and sales or fund rasing, his will create jobs and therefore, helping the economy.

Marketing plays a crucial role in the economy by stimulating demand for goods and services, creating jobs, and contributing to a firm's intangible assets. Therefore, option B is correct.

Marketing is the process of identifying, anticipating, and satisfying customer needs and wants through the creation, communication, and delivery of valuable offerings.

It involves various activities such as market research, product development, pricing, promotion, and distribution, with the goal of creating and capturing customer value.

Marketing aims to attract, retain, and grow a customer base by understanding their preferences and providing superior value compared to competitors.

It encompasses both strategic planning and tactical execution to effectively reach target markets, build brand awareness, and foster long-term customer relationships.

Therefore, option B is correct.

Learn more about Marketing here:

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Answer:

C) The invisible hand

Explanation:

Daniel here seeking to produce and increase his welfare is "led by an invisible hand" to negotiate with his suppliers and to sell goods to his neighbors in a way that everybody is better off as a result from these transactions.

This is also a clear example to what Adam Smith was referring to the invisible hand:

"in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. " Adam Smith, The Wealth of Nations, Book 4, Chapter 2

Answer:

earned revenue for March 1,380 dollars

Explanation:

For March, the revenue recognize will be for the 92 units delivered. As the remainder are unrealized. The cleint can cancel the orderor the company could not delvier the units. Be must remember the accounting follow principles of conservatisims for revenue recognition.

the amount will be 92 units x 15 dollars each = 1,380 dollars

The payment dates are irrelevant for accrual basis.

The revenue recognized on the March income statement is $1380.00.

The revenue recognized on the March income statement from this order can be calculated by multiplying the number of units delivered in March with the price per unit. In this case, Chester Corporation delivered 92 units in March and the price per unit is $15.00. Therefore, the revenue recognized on the March income statement is $15.00 * 92 = $1380.00.

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Answer:

Price= $850,5

Explanation:

With the following information we need to calculate the price of the job:

Direct materials issued to production<= $60

Direct labor= $75

Manufacturing overhead= $99*direct hour=99*5=$495

Direct hours=$75/$15hour= 5hours

Total cost= 60+75+495= $630

Price= total cost*1,35=$850,5

Answer:

statement of stockholders' equity    

for the year ended 31th December 20XX    

            Common Stock Retained Earings Total

Balance Jan 1         175,000         36,000          211, 000

Net Earnings                           30,900           30,900

Dividends                          -20,000          -20,000

Stock issued           30,000                           30,000  

Balance, Dec 31 205,000           46,900           251,900

Explanation:

The first step, will be to calculate the net incoem:

Revenue                            78,000

Rent expense        21,000

postage expense    1 ,500

salaries expenses 22,000

legal fees expense 2,600

Total expense                   (47,100)

Net earnings                     30,900

And now we can build the statement of Stockholders equity

Answer:

10.0%

Explanation:

Inflation is the sustained rise in prices of goods and services. A rate, on the other hand, is a coefficient that expresses the relationship between two magnitudes. Both concepts allow us to approach the notion of inflation rate, which reflects the percentage increase in prices in a certain time period.

The inflation rate is calculated by dividing the two consumer price indices (110 divided by 100) and subtracting one.

Rate of inflation = (110/100) - 1 = 1.1 - 1 = 0.1 = 10.0%

Hope this helps

The rate of inflation for the year was 10.0% when calculated based on the given change in the consumer price index, from 100 to 110.

The question solicits a calculation of the rate of inflation during a given year based on changes in the consumer price index (CPI). To calculate the rate of inflation, you use the formula: ((CPI in the final year - CPI in initial year) / (CPI in the initial year)) * 100%.

In the situation described by the question, CPI moved from 100 to 110. So the rate of inflation calculation would be: ((110 - 100) / 100) * 100 = 10%. The rate of inflation for the year was 10.0% when rounded to one decimal place.

Remember, the rate of inflation measures the rate at which the general level of prices for goods and services is rising and subsequently, purchasing power is falling. It is important to keep inflation in mind when examining the return on investments.

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Answer:

Dividend yield for W = 5%

Dividend yield for X = 15%

Dividend yield for Y = 20%

Dividend yield for Z = 4.6%

Explanation:

For a constant growth stock [tex]Price =\frac{D1}{r-g}[/tex]

If r is made subject of formula;  r=[tex] \frac{D1}{Price}+g[/tex] = div yield + growth rate

For Stock W, given r = 15% and g= 10%; dividend yield = 15%-10%=5%

For Stock X, given r = 15% and g= 0%; dividend yield = 15%-0%=15%

For Stock Y, given r = 15% and g= -5%; dividend yield = 15%-(-5)%=20%                                      

For Stock Z, the price of the stock today is calculated as follows:

Price of the stock today = [tex]\frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{P2}{(1+ke)^2}[/tex].

where P2= [tex] \frac{D3}{ke-g}[/tex]

Price of the stock today = [tex]\frac{4.2(1.2)}{(1+0.15)^1}+\frac{4.2(1.2)^2}{(1+0.15)^2}+\frac{4.2(1.2)^2(1.1)}{(0.15-0.1)(1+0.15)^2}[/tex]=109.57

Therefore dividend yield =[tex]\frac[D1}{Price}[/tex] = [tex]\frac{4.2(1.2)}{109.57}= [/tex]4.6%

Answer:

The correct answer is option a.

Explanation:

Suppose the government used to tax incomes.  

But a change in law will exempt tax for the first $5,000 of interest income.  

This means that the income from providing loans will increase and the cost of supplying funds will decline. This will cause an increase in the supply of loanable funds. As a result, the supply for loanable funds curve will shift to the right. This rightward shift will cause the interest rate to fall.

Answer:

absolute on grain: neither, both produce 10

comparative grain: Italy as renounce to less tonds of dates: 0.5 to 2.5

absolute dates: Niger 25 to 5

comparative dates: Niger as it cost 0.4 tonds of grain to produce 1 ton of dates.

Explanation:

For the absolute, we will check which yield the better number.

Fot the comparative, we will check the opportunity cost:

output/potential output of another product

opp cost grain in Italy: 5/10 = 0.5 tons of dates

opp cost grain in Niger: 25/10 = 2.5 tonds of dates

opp cost dates in Italy: 10/5 = 2 tonds of grain

opp cost dates in Niger 10/25 = 0.4 tonds of grain

Answer:

PV of the sales price  $1,986,948.23

Explanation:

We will calcualte the present value of the sale price using the present value of a lump sum formula:

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity 3,200,000

time                         5 years

rate         10% = 10/100 = 0.1

[tex]\frac{3200000}{(1 + 0.1)^{5} } = PV[/tex]  

PV        $1,986,948.2338  

This indicates the 3,200,000 in five years are equivalent to 1,986,948.23 dollars Thus, this investment is not profitable as the property will be purchased at 2,200,000

Answer:

The situation fits well in the storming stage of the team development process.

Explanation:

Team development is based on five stages and storming is the second phase. The chances of conflicts and personality clashes is high during this stage as members tend to disagree with each other view points. The disagreements are also caused due to the fact that the team is newly formed and members are in the process making peace with each other.

Answer:

(C) A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue Indefinitely Into the future.

Explanation:

a false

the principal is never repaid on a perpetuity

d false the perpetuity is for an indefinite period of time.

definition:

the perpetuity consist in a principal which yield a return over time indefinite. this return do not include any amortization in the principal neither principal installment are done through the investment or loan life

Answer:

Cost of good manufactured= $765000

Explanation:

To calculate the cost of manufactured goods we need to use the following formula:

Cost of good manufactured= Beginning work in progress+ direct materials of the period + direct labor + manufactured overhead - ending work in progress

Beginning work in progress= $35000

Direct materials = beginning inventory + purchase - ending inventory= 18000 + 510000 - 15000= 513000

Direct labor= 180000

Manufactured overhead=75000

Ending work in progress= 38000

Cost of good manufactured= 35000 + 513000 + 180000 + 75000 -38000= $765000