Answer:
The correct option is (B)
Explanation:
The main objective of creating a portfolio is to minimise the overall risk of investments. Two investments with the same correlation signs are riskier because, if one investment gives a negative return, the other investment will do the same. The combined loss is more than the loss one investment will sustain. The portfolio is always constructed by adding investments with opposite correlation signs.
Yakov orders 40 cases of mescal from a Mexican distributor at a price of $90 per case. 2. A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug. 3. Charles, a U.S. citizen, pays $1,500 for a laptop he orders from Microell (a U.S. company).Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year.Hint: Be sure to enter a "0" if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative. Amount (Dollars)Consumption Investment Government Purchases Imports Exports Net Exports Gross Domestic Product (GDP)
Answer:
Please see attachment
Explanation:
Please see attachment
Here is the completed table:
Amount (in dollars)
Consumption $5,100.00
Investment 0
Government spending 0
Export $1,000
Import $-3,600
Net export $-2,600
GDP $2500
What is the value of GDP?
Gross domestic product is the sum of final goods and services produced in an economy in a given period.
GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending + Government spending + Net export
Net export = exports – imports
Consumption spending = $1500 + ($90 x 40) = $5,100Export = (200 x $5) = $1,000Import = ($90 x 40) = $-3,600 Net export = $-3600 + $1000 = $-2,600GDP = $5100 - 2600 = $2,500To learn more about GDP, please check: https://brainly.com/question/15225458
Cash flow does not rely on which of the following? Multiple Choice The efficiency of the banking system. The speed at which suppliers and creditors process checks. The payment arrangements of customers. The monetary policy of the Federal Reserve.
Answer:
A
Explanation:
The efficiency of the banking system is not a determinant of cash flows. However, the speed at which customers process checks can lead to either delay or accelleration of receipts and payments thus affecting cash flows. The payment arrangment of customers can impact on cash flows as a longer debtors collection period will lead to decrease in cash inflows and vice versa. Monetary policy can affect cash flows as the tools for monetary policies can affect the cash supply in the economy thereby affecting cash flows either positively or negatively.
Cash flow does not rely on the monetary policy of the Federal Reserve. Option (d) is correct.
The net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received reflect inflows and outflows, respectively.
Fundamentally, a company's capacity to produce positive cash flows—or, more specifically, to maximize long-term free cash flow (FCF)—determines its potential to add value for shareholders. FCF is the cash a company generates from its regular business activities after deducting any funds used for capital expenditures.
Therefore, Option (d) is correct.
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In the decision support system (DSS) environment, the _____ focuses on how a DSS is implemented and usually addresses questions about data storage, user access, response time, and security measures.
a. user
b. model builder
c. managerial designer
d. technical designer
Answer:
d. technical designer
Explanation:
In a decision support system, the technical designer is responsible for the implementation of the DSS and handle issues like data storage, file structuring, response time and security measures.
Model builders are responsible for providing specifications for the model.
Managerial designers are responsible for defining management issues and providing the requirements of what the model should do.
Users are not involved in the development or implementation of the DSS.
Therefore, the answer is d. technical designer
You have a portfolio with the following: Stock Number of Shares Price Expected Return W 525 $43 10% X 780 29 15 Y 435 94 11 Z 680 51 14 What is the expected return of your portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
The expected return of your portfolio = 12.42%
Explanation:
At first we have to determine the weight for each of the stock by multiplying number of shares by stock price.
W = 525 x $43 = $22,575
X = 780 x $29 = $22,620
Y = 435 x $94 = $40,890
Z = 680 x $51 = $34,680
Total = $120,765
Stock Capital Weight(W) Expected Return(R) W x R
W $22,575 (22,575/120,765)=0.1869 10 1.8693
X $22,620 (22,620/120,765)=0.1873 15 2.8095
Y $40,890 (40,890/120,765)=0.3386 11 3.7246
Z $34,680 (34,680/120,765)=0.2872 14 4.0208
= 12.42%
To calculate the expected return of a portfolio, multiply the number of shares of each stock by its price and its expected return. Sum up the products for all the stocks and divide by the total number of shares in the portfolio. The expected return of the portfolio is $6.11.
Explanation:To calculate the expected return of a portfolio, you need to multiply the number of shares of each stock by its price and its expected return. Then, sum up the products for all the stocks and divide by the total number of shares in the portfolio. In this case:
Expected return of stock W = 525 * $43 * 0.10 = $2,272.50
Expected return of stock X = 780 * $29 * 0.15 = $3,441
Expected return of stock Y = 435 * $94 * 0.11 = $4,670.10
Expected return of stock Z = 680 * $51 * 0.14 = $4,394.40
The total expected return of the portfolio is the sum of the expected returns of each stock, which is $2,272.50 + $3,441 + $4,670.10 + $4,394.40 = $14,778.00. Finally, divide the total expected return by the total number of shares in the portfolio:
Total number of shares = 525 + 780 + 435 + 680 = 2,420
Expected return of the portfolio = $14,778.00 / 2,420 = $6.11
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High-Tech Computer Services provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 300 customers and earned $60,000 in revenue. The individual business segment provided services to 400 customers and earned $35,000 in revenue. The variable costs for the corporate and individual business segments amounted to $33,000 and $25,000, respectively. In addition, the fixed costs of the company amounted to $8,000. Calculate the contribution margin from each corporate customer. (Round your answer to the nearest cent.)
A) $5.00
B) $25.00
C) $90.00
D) $63.33
Answer:
C) $90.00
Explanation:
Solution:
Contribution Margin per customer = Revenues per customer - Variable Expenses per customer
Revenues per customer = 60,000 / 300 = 200
Variable Expenses per customer = 33,000 / 300 = 110
Contribution Margin per customer = 200 - 110
= $90.00
Therefore Correct Answer = Option C (Contribution Margin from each corporate customer = $90.00
Answer:
c $90.00
Explanation:
Contribution Margin per customer = Revenues per customer - Variable Expenses per customer
The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. What is the number of production runs for this problem?
Answer:
Number of production runs will be 184
Explanation:
We have given setup cost K = $50
Demand = 3650 units
Holding cost h = $12 per unit per year
Daily demand rate = 10
And daily production rate = 100
So [tex]x=\frac{10}{100}=0.1[/tex]
We know that production order quantity is given as\
[tex]=\sqrt{\frac{2KD}{h}\times (1-x)}=\sqrt{\frac{2\times 50\times 3650}{12}\times (1-0.1)}=184[/tex]
So the number of production runs will be 184
The production order quantity model indicates the company should produce approximately 374 units per run. To accommodate the annual demand, this will require about 10 production runs.
Explanation:The production order quantity model is used to determine the most cost-effective quantity of units to produce. In this case, the student is asking about the number of production runs, given a specific scenario. First, we need to calculate the Economic Production Quantity (EPQ). The formula for EPQ is: sqrt( (2 × D × S) / H ) × sqrt( (p / (p - d)) ), where D is the annual demand, S is the setup cost, H is the holding cost per unit per year, p is the production rate, and d is the demand rate.
So, substitute the given values into the EPQ formula: sqrt( (2 ×3650 × 50) / 12 ) ×sqrt( (100 / (100 - 10)) ) = 374.17 units. This means the optimal quantity to produce per run is approximately 374 units.
To find the number of production runs, divide the annual demand by the EPQ. So, 3650 / 374.17 = 9.75. Round this up to the nearest whole number, 10. So, the company should have about 10 production runs in a year to meet the annual demand in the most cost-effective way.
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Director independence and non-interlocking directorships are desirable traits of top-ranked boards. What does this mean?
O Directors can serve on the board of directors of other related companies.
O Directors are free of all ties to the CEO and the company.
O The CEO can serve as a director on the other director boards.
O Top managers cannot be on the board of directors.
Answer:
This means that Directors are free of all ties to the CEO and the company.
Explanation:
Director Independence means a director on the board of directors of an organization should have no ties or links to the organization or any member of that organization.
Non-interlocking directorship means that a director in a firm should not be a director, or part of the management team, in another competing firm.
Top-ranked boards would prefer to avoid interlocking directorship when appointing a board member, and also that an independent director selected to be part of the board, has no previous ties to the company or any of its employees.
"For Whitehair Company, beginning inventory is $12,000 and ending inventory is $15,000. Yearend account balances are: Freight-In $1,100 Purchases 50,000 Purchase Discounts 800 Purchase Returns and Allowances 1,250 Sales Discounts 2,500 Sales Returns and Allowances 3,600"Whitehair's Cost of Goods Purchased is $46,050. $49,050. $47,950. $51,100.
Answer:
$49,050
Explanation:
Given that,
beginning inventory = $12,000
ending inventory = $15,000
Freight-In = $1,100
Purchases = 50,000
Purchase Discounts = 800
Purchase Returns and Allowances = 1,250
Sales Discounts = 2,500
Sales Returns and Allowances = 3,600
Cost of goods purchased:
= purchases - purchase discounts - purchase returns & allowances + freight
= 50,000 - 800 - 1,250 + 1,100
= $49,050
When a perfect competitive industry is in long-run equilibrium,
a. Firm have no incentive to enter o exit the industry.
b. Market price is equal to minimum long-run average cost.
c. Each firm earns a normal return.
d. Both a ande
e. All of the above
Answer:
e. All of the above
Explanation:
A perfect competition is characterised by many buyers and sellers of identical products. Firms in a perfect competition are price takers.
In the long run, a perfect competitive firm produces where:
Price = marginal cost = marginal revenue = average long run cost. Producing at this point eliminates all forms of economic profit. Therefore, the firm earns only normal profit.
In the long run , there is zero economic profit, therefore, there would be no incentive for firms to enter into the market.
Supply Club, Inc., sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2018 it started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases. Redemption of a loyalty point reduces the price of one dollar of future purchases by 20% (equal to 20 cents). Customers do not earn additional loyalty points for purchases on which loyalty points are redeemed. Based on past experience, Supply Club estimates a 60% probability that any point issued will be redeemed for the discount. During July 2018, the company records $216,000 of revenue and awards 200,000 loyalty points. The aggregate stand-alone selling price of the purchased products is $216,000. Eighty percent of sales were cash sales, and the remainder were credit sales.
Required:
1. Prepare Supply Club’s journal entry to record July and August sales.
2. During August, customers redeem loyalty points on $96,000 of merchandise. Seventy-five percent of those sales were for cash, and the remainder were credit sales. Prepare Supply Club’s journal entry to record those sales. (Do not round intermediate calculations. If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)
The answer provides detailed journal entries for recording July and August sales, including cash and credit sales as well as loyalty points redemption.
Journal Entry for July and August Sales:
Cash Sales: Debit Accounts Receivable $173,000, Debit Sales Revenue $173,000, Credit Loyalty Points $13,000, Credit Sales Revenue $160,000.
Credit Sales: Debit Accounts Receivable $43,000, Debit Sales Revenue $43,000, Credit Loyalty Points $3,000, Credit Sales Revenue $40,000.
Journal Entry for Loyalty Points Redemption in August:
Cash Sales: Debit Loyalty Points $19,200, Credit Sales Revenue $16,000, Credit Discounts on Sales $3,200.
Credit Sales: Debit Accounts Receivable $4,800, Debit Discounts on Sales $960, Credit Sales Revenue $5,760.
Mullineaux Corporation has a target capital structure of 60 percent common stock, 15 percent preferred stock, and 25 percent debt. Its cost of equity is 10 percent, the cost of preferred stock is 4 percent, and the pretax cost of debt is 6 percent. The relevant tax rate is 35 percent. What is the company’s WACC?
Answer:
7.58%( Approximately).
Explanation:
Please see attachment
At 13000 direct labor hours, the flexible budget for indirect materials is $26000. If $28400 are incurred at 13400 direct labor hours, the flexible budget report should show the following difference for indirect materials:
$2400 favorable.
$2400 unfavorable.
$1600 favorable.
$1600 unfavorable.
Answer:
Variance will be $1600 ( unfavorable )
So option (d) will be the correct option
Explanation:
We have given indirect labor hours = 13000
And the flexible budget for indirect material = $26000
So indirect material cost [tex]=\frac{flexible\ budget\ for\ indirect\ material}{indirect\ labor\ hour}=\frac{$26000}{13000}=2\ per\ direct\ labor\ hour[/tex
Budgeted Cost = 13400×2 = 26800
Actual Cost is given = $28400
So variance = $28400-$26800 = $1600 ( unfavorable )
So option (d) will be the correct option
Fisher Co. acquired all of the outstanding preferred shares for $148,000 and 60% of the common stock for $1,281,000. Fisher believed that one of Bast's buildings, with a twelve-year life, was undervalued on the company's financial records by $70,000. Required: What is the amount of goodwill to be recognized from this purchase?
Answer:
$ 659000
Explanation:
Please see attachment
Kieso Company borrowed $760,000 for six months. The annual interest rate on the loan was 9%. Kieso's fiscal year ends on December 31. Kieso borrowed the $760,000 one month prior to the start of its current fiscal year and paid back the $760,000 plus interest five months into its current fiscal year. In regards to this loan, how much interest expense, if any, would Kieso report at the end of its last fiscal year? At the end of its current fiscal year?
Answer:
1.The interest expense Kieso reported at the end of its last fiscal year: $5,700
2. The interest expense Kieso reported at the end of its curent fiscal year: $28,500
Explanation:
The interest amount Kieso Company had to pay for the loan:
($760,000 x 9%)/12 x 6 = $34,200
In Kieso's fiscal year ends on December 31, the company had borrowed the $760,000 for one month. Following the Accrual basis, Kieso would report at the end of its last fiscal year the interest expense for 1 month:
$34,200/6 = $5,700
At the end of its current fiscal year, the company would report the interest expense for remainder months (5 months):
$34,200/6 x 5 = $28,500
At Nick's Bakery, the cost to make homemade chocolate cake is $3 per cake. As a result of selling three cakes, Nick experiences a producer surplus in the amount of $19.50. Nick must be selling his cakes for
a. $6.50 each.
b. $7.50 each.
c. $9.50 each.
d. $10.50 each.
Answer:
c. $9.50 each.
Explanation:
For computing the selling price, first we have to compute the total price of three cakes which is shown below:
The sale value of three cakes would be
= $3 per cake × 3 cakes
= $9
And, the producer surplus is $19.50
So, the total price of cake equals to
= $9 + $19.50
= $28.50
And, the number of cake is 3
So, the selling price would be
= $28.50 ÷ 3 cakes
= $9.50 each
Final answer:
Nick is selling his homemade chocolate cakes for $9.50 each to experience a producer surplus of $19.50 from selling three cakes. The calculation is based on the difference between the selling price and the production cost, multiplied by the quantity sold. The correct answer is option c.
Explanation:
To calculate the price at which Nick is selling his chocolate cakes, we need to understand the concept of producer surplus. Producer surplus is the difference between what producers are willing to accept for a good versus what they actually receive. Given that the cost to make one cake is $3 and Nick's total producer surplus from selling three cakes is $19.50, let's calculate the selling price per cake.
Since producer surplus is the difference between the selling price and the production cost, multiplied by the quantity sold, we can use the formula:
Producer Surplus = (Selling Price - Cost to Produce) × Quantity Sold
Putting the known values into this formula, we get:
$19.50 = (Selling Price - $3) × 3
Now, we solve for the Selling Price:
$19.50 = 3 × (Selling Price - $3)
$19.50 = 3 × Selling Price - $9
3 × Selling Price = $19.50 + $9
3 × Selling Price = $28.50
Selling Price = $28.50 / 3
Selling Price = $9.50
Nick must be selling his cakes for $9.50 each to experience a producer surplus of $19.50 from selling three cakes, which corresponds to answer choice c.
Which statement describes the market interest rate?
a) It is the contractual interest rate used to determine the amount of cash interest paid by the borrower.
b) It is the rate stated on the bond certificate that determines the value at which bonds will sell.
c) It is listed in the bond indenture.
d) It is the rate investors demand for loaning funds.
Answer:
The correct answer is letter "D": It is the rate investors demand for loaning funds.
Explanation:
The market interest rate us the current interest offered on cash deposits which are determined by their supply and demand according to their duration, amount, and the type of security offered. The market interest rate is mostly used in bank deposits but it can also be implemented in some other type of assets such as corporate bonds.
The original marketing strategy of McDonald's in BrazilSelect one:a. promoted a beer with lunch.b. completely changed the menu to include Brazilian favorites.c. tried to Americanize Brazilian eating habits.d. took into consideration the Brazilian habit of eating hot foods, like hamburgers, on the beach.e. focused on the Sunday evening dinner market.
Answer:
c. tried to Americanize Brazilian eating habits
Explanation:
McDonald's is an American brand that popularize the eating burgers, that represents the american culture.
McDonald's has a culture of selling american and the country version of burgers where the outlet is located. But it do not sell the local dish in its food chain.
Accordingly in Brazil also the McDonald's was selling huge variety of burgers and was trying to create an American habit among the people of Brazil.
Thus, it was developing the eating habits of the people of Brazil in American way.
On January 1, 2019, Brooks, Inc., borrows $90,000 from a bank to purchase machinery. Brooks signs a 5 percent installment note requiring four annual payments of principal plus interest. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
Please see attachment
Explanation:
The attachment necessary journal of the given information . The attachment aims to present the necessary journal entry about On January 1, 2019, Brooks, Inc., borrows $90,000 from a bank to purchase machinery. Brooks signs a 5 percent installment note requiring four annual payments of principal plus interest.
Answer:
Explanation:
DR Machinery (asset) 90000
CR loan (liability) 9000.
machinery purchased on loan
DR instalment payable 22500
DR Interest expense 4500
CR Bank 27000
loan instalment and interest expense payment
interest calculation = 90000 × 5/100 = 4500
DR instalment payable 22500
DR Interest expense 3375
CR Bank 25875
loan instalment and interest expense payment
interest calculation = (90000 - 22500)× 5/100 = 3375
DR instalment payable 22500
DR Interest expense 2250
CR Bank 24750
loan instalment and interest expense payment
interest calculation = (90000 - 22500 - 22500)× 5/100 = 2250
DR instalment payable 22500
DR Interest expense 1125
CR Bank 23625
loan instalment and interest expense payment
interest calculation = (90000 - 22500 - 22500 - 22500)× 5/100 = 1125
Bellingham Company produced 4,200 units of product that required 7 standard direct labor hours per unit. The standard variable overhead cost per unit is $2.70 per direct labor hour. The actual variable factory overhead was $77,470. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Answer:
$1,910 unfavorable
Explanation:
The computation of the variable factory overhead controllable variance is shown below:
= Standard variable factory overhead - Actual variable factory overhead
where,
Standard variable factory overhead equals to
= 4,200 units × 7 standard hours per unit × $2.70 per hour
= $79,380
And, the other items values would remain the same
Now put these values to the above formula
So, the value would be equal to
= $79,380 - $77,470
= $1,910 unfavorable
You have been asked to use the sales comparison approach to determine the market value of a single-family residence that is in a high crime area. The house has 2 bathrooms and a pool. To perform your analysis you have obtained the following comparables:
Comparable 1: Located in a low crime area with 2 bathrooms and no pool. Recently sold for $170,000.
Comparable 2: Located in a low crime area with 3 bathrooms and no pool. Recently sold for $185,000.
Comparable 3: Located in a high crime area with 3 bathrooms and no pool. Recently sold for $135,000.
Comparable 4: Located in a low crime area with 2 bathrooms and a pool. Recently sold for $180,000.
What is the value of the subject property?
a. $120,000b. $130,000c. $135,000d. $140,000e. None of the above(show work)
Answer:
The correct answer is A that is $120,000.
Explanation:
The value of one or single bathroom is computed as:
Value of single bathroom = Category 2 cost - Category 1 cost
= $185,000 - $170,000
= $15,000
The value of the subject property is computed as:
Value of the subject property = Category 3 cost - Value of single bathroom
= $135,000 - $15,000
= $120,000
You recently were hired as a front line debt collection agent for a debt collection service in Michigan. Your boss assigns you to a fairly new client. That client shares with you several items: account ledgers showing overdue balances, checks that "bounced" or were returned for insufficient funds, and a list of dates of purchases. Most of the purchases were made more than 6 years ago. Michigan has a six year statute of limitations for the collection of debt, meaning that after six years, one cannot successfully bring a lawsuit to recover old debt. You talk to your boss who instructs you to go ahead and contact the debtors with the standard letter that offers to settle the outstanding debt for 75% of the amount owed. The letter also indicated that failure to either accept the settlement offer within 20 days, or pay off the full amount after day 20 but before day 45, would result in the filing of a lawsuit to collect the debt. As a new collection agent, you know that the Fair Debt Collection Practices Act governs behavior in the industry. Explain why this requested behavior may violate the act.
The requested behaviour may violate the act because the Act forbids debt collectors from using unfair or abusive methods to collect debts. The request of this debt collection agency is unjust because Michigan has a six-year statute of limitations on debt collection.
What is the debt collection?Debt collection is a regulated activity that occurs when a creditor hires an outside company to recover past-due payments.
The given requested behaviour of asking the client to “either accept the settlement offer within 20 days, or pay off the full amount after day 20 but before day 45, failing to do so will result in the filing of a lawsuit to collect the debt” violates the Fair Debt Collection Practices Act.
This happened because the Act prohibits debt collectors from using unfair or abusive language to collect the debt.
Therefore, The debt collection agency's request is unjust because Michigan has a six-year statute of limitations on debt collection.
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Why should a company tie its budget to the overall goals of the company?
Entry field with correct answer
There will never be any cost overruns.
It will ensure that the company will always reach its profit targets.
People will always receive their expected bonuses.
By doing so, people have clear guidance of the priorities and focus on them exclusively, while spending less time arguing about the details or insignificant items.
Answer:
By doing so, people have clear guidance of the priorities and focus on them exclusively, while spending less time arguing about the details or insignificant items.
Explanation:
There is a chain of achieving ultimate goals, in which goals are set for long run, and further are divided in some short term goals.
The short term goals are aligned with budgets and in this circle or chain of connections the budgets are ultimately synchronized with the goals of the company.
These provide for targeting the goals, set objectives and policies which are followed, and avoiding any discrepancies, as that could occur while achieving the goals.
Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on July 1 and January 1. Through January 1, 2016, Elston amortized $5,000 of the bond premium. On January 1, 2016, Elston retired the bonds at 103 (after making the interest payment on that date). Prepare the journal entry to record the bond retirement on January 1, 2016.
Answer:
Please see attachment
Explanation:
Please see attachment
"Inverting the pyramid" refers to:
A. The type of groupthink that usually occurs when people are more concerned with pleasing organizational leaders than serving clients.
B. People's frustrated reaction when they feel they are not getting good service.
C. A type of servant leadership in which clients and front-line personnel are at the top of the organizational hierarchy.
D. All of the above.
Answer:
C. A type of servant leadership in which clients and front-line personnel are at the top of the organizational hierarchy.
Explanation:
Inverting the pyramid is a management theory in which employees are empowered and have freedom to make decisions. They do not have to rely on top-down management where decisions are only made at the top and then passed down.
This type of management gives high consideration to opinions of employees and also clients.
Answer:
C. A type of servant leadership in which clients and front-line personnel are at the top of the organizational hierarchy.
Explanation:
The inverted pyramid its a way of approaching a company's chart that places de CEO in the bottom of the hierarchy and the customers on top.
The most remarkable advantage about this type of organization is that the communication between member of the organizations is maximized and the team becomes flexible and responsive.
This employee oriented focus adds value to the customer's happiness with the company and importance to the customer-employee interaction.
The example of Dennis Bakke, CEO of AES, in which he and his team took responsibility for employees who lied to the EPA about water quality at the plant, suggests that for an ethical organization, it is necessary to do more than just take strong punitive action against those who act contrary to the company-established expected behavior.
A. True
B. False.
Answer:
B. False.
Explanation:
Whenever there is delegation of authority, and segregation of work there is involvement of various people in completing a job. The accountability of person increases. As it is not limited to the work done, but also of the monitoring the work of junior. This clearly impacts the involvement and importance of individuals in business.
Accordingly the company creates the ethical accountability also, at major level, and not only the individual but others are also responsible.
Ace Company purchased a machine valued at $328,000 on August 1. The equipment has an estimated useful life of six years or 2.5 million units. The equipment is estimated to have a salvage value of $9,000. Assuming the straight-line method of depreciation, what is the amount of depreciation expense that needs to be recorded at the end of the first year?
A. $53,167
B. $22,778
C. $22,153
D. $56,167
E. $54,667
Answer:
A. $53,167
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($328,000 - $9,000) ÷ (6 years)
= ($319,000) ÷ (6 years)
= $53,167
In this method, the depreciation is same for all the remaining useful life.
The estimated useful life in units is used in units of production method. Hence, it is ignored here.
Lisa Laskowski Company reports the following information at the fiscal year end of December 31, 2017:Common Stock, $0.10 par value per share $88 millionPaid-in Capital in Excess of Par Common $500 millionRetained Earnings $700 millionTotal Stockholders' Equity $1,288 millionWhat was the average selling price for the common stock issued? (Round your final answer to the nearest cent.)A. $0.57 per share.B.$0.80 per share.C.$0.10 per share.D. $0.67 per share.
Answer:
Aveerage selling of common stock is $0.67 per share
Explanation:
GIVEN DATA:
Common stock - par value is $0.10/ share
Retained earning is $700 million
common stock $88 million
paid in capital = $500
sum of stock holder equity $1288 million
Total capital paid is = (88 + 500) million = $588 million
therefore
Average selling price is[tex]= \frac{588}{880} = $0.67[/tex]per share
where [tex][ \frac{88}{0.1} = 880][/tex]
So, Aveerage selling of common stock is $0.67 per share
Tami Strand’s regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a January pay period, Tami works 50 hours. Tami’s federal income tax withholding is $88, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare a tabular summary for Tami’s employer to record (a) Tami’s pay for the period and (b) the payment of Tami’s wages. Use January 15 for the end of the pay period and the payment date. (Round answers to 2 decimal places, e.g. 15.25. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
Answer:
wages expense 600.00 debit
wages income tax payable 88.00 credit
FICA tax payable 45.90 credit
wages payable 466.10 credit
--to record accrued wages for Tami Strand's--
wages payable 466.10 debit
cash 466.10 credit
--to record payment to Tami Strand's--
Explanation:
Tami wages for the week:
40 hours x $10 rate = 400 dollars
10 hours x $20 rate = 200 dollars
total wages for the week 600 dollars
FICA tax: 600 x 7.65% = 45.9
gross pay 600.00 dollars
income tax witholding 88.00 dollars
FICA tax 45.90 dollars
net pay: 466.10 dollars
Gerald orders 1,000 cupcakes from Haddock Bakers for a Christmas Eve party. However, Haddock fails to deliver the cupcakes as per the schedule mentioned in the contract, and does not send any notification to Gerald. Gerald orders the cupcakes from Marlene's Cakes that evening. This is an example of which of the following?A. Writ of replevinB. Sue for specific performanceC. Cover of a sales contractD. Seek adjustment
Answer:
The correct answer is letter "C": Cover of a sales contract.
Explanation:
A cover of a sales contract in law refers to the actions a buyer carries out to diminish the damages to his or her business because of a breach in a contract agreed with a seller. Initially, the buyer and the seller agreed in the transfer of goods or services but the seller fails. So, to avoid loses, the buyer sets a series of actions to continue with his business as if the breach has never happened.
Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Cost Retail Merchandise inventory, January 1, 2021 $ 220,000 $ 283,000 Purchases 588,000 864,000 Freight-in 11,000 Net markups 23,000 Net markdowns 4,300 Net sales 830,000 Required: Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided.
Answer:
$335,700; $234,990
Explanation:
Under cost:
Goods available for sale:
= Beginning inventory + Purchases + Freight in + Net mark ups - Net markdowns
= 220,000 + 588,000 + 11,000 + 0 - 0
= $819,000
Under Retail:
Goods available for sale:
= Beginning inventory + Purchases + Freight in + Net markups - Net markdowns
= 283,000 + 864,000 + 0 + 23,000 - 4,300
= $1,165,700
Cost to retail ratio = $819,000 ÷ (283,000 + 864,000 + 0 + 23,000)
= $819,000 ÷ $1,170,700
= 0.7
Estimated ending inventory at retail:
= Goods available for sale(Retail) - Net sales
= $1,165,700 - $830,000
= $335,700
Estimated ending inventory at cost:
= Estimated ending inventory at retail × Cost to retail ratio
= $335,700 × 0.7
= $234,990
To determine the December 31, 2021, inventory using the conventional retail method, calculate the cost of goods available for sale and the retail value of goods available for sale. Then, use the cost-to-retail ratio to determine the ending inventory.
Explanation:To determine the December 31, 2021, inventory using the conventional retail method, we need to calculate the cost-to-retail ratio. The cost-to-retail ratio is calculated by dividing the cost of goods available for sale by the retail value of goods available for sale. In this case, the cost of goods available for sale is the sum of the beginning inventory and purchases, and the retail value of goods available for sale is the sum of the beginning retail value and net markups. Once we have the cost-to-retail ratio, we can determine the ending inventory by multiplying it by the retail value of goods available for sale.
Step 1: Calculate the cost of goods available for sale:
$220,000 (beginning inventory) + $588,000 (purchases) = $808,000
Step 2: Calculate the retail value of goods available for sale:
$283,000 (beginning retail value) + $23,000 (net markups) = $306,000
Step 3: Calculate the cost-to-retail ratio:
$808,000 (cost of goods available for sale) / $306,000 (retail value of goods available for sale) = 2.6431 (rounded to four decimal places)
Step 4: Calculate the ending inventory:
$830,000 (net sales) * 2.6431 (cost-to-retail ratio) = $2,190,933 (rounded to the nearest dollar)
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