Consider the following year-end information for Spitzer Corporation:

Cost of goods sold $413,000
Sales revenue 870,000
Nonoperating expenses 12,000
Operating expenses 152,000
Income tax expense 85,000

What amount will Spitzer report for operating income?

Answer:

The correct answer is: the dollar value of all final goods and services produced within the borders of a given country during a specific period

Explanation:

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. It is an indicator to measure the economic health of a country.  Most of the individual data sets will also be given in real terms, meaning that the data is adjusted for price changes, and is, therefore, net of inflation.

The money measurement concept underlines the fact that every recorded event or transaction is measured in terms of money, the local currency monetary unit of measure.

It counts all of the output generated within the borders of a country. GDP is composed of goods and services produced for sale in the market and also includes some nonmarket production, such as defense or education services provided by the government.

GDP can be determined via three methods. All, when correctly calculated, should generate the same figure. These three approaches are often termed the expenditure approach, the output (or production) approach, and the income approach.

GDP is calculated by summing up the dollar value of all final goods and services produced within a country during a specific period. It includes consumption, investment, government expenditures, and net exports.

The Gross Domestic Product (GDP) is calculated by summing the dollar value of all final goods and services produced within the borders of a given country during a specific period.

This includes everything produced by all the people and companies in the country, regardless if they are domestic or foreign-owned. Moreover, GDP considers consumption, investment, government expenditures, and the net exports (exports minus imports) of a country.

For instance, if consumers buy more goods and services, businesses invest more in capital goods, the government spends more, or the country increases its exports, the GDP of that country increases.

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Answer:

Retained Earnings: $ 100.000

Explanation:

Assets  

Cash  $190.000  

Accounts Receivable  $250.000  

Net Furniture & Fixtures  $200.000  

Goodwill   $180.000  

Inventory  175.000  

Land  305.000  

TOTAL   1.300.000  

Liabilities  

Accounts Payable   260.000  

Long Term Loan   340.000  

Short Term Loan   200.000  

Equity  

Capital Surplus   100.000  

Common Stock   300.000  

Retained Earnings  100.000  

TOTAL     1.300.000  

INCOME STATEMENT

Sales  980.000  

Costs -640.000  

Depreciation Expense -40.000  

Interest Expense -50.000  

Earnings Before Taxes  250.000  

Tax RATE  -52.500  

Net Income  197.500  

Dividends : $ 97.500

Retained Earnings : $ 100.000

Answer:

Ans.

Without Mitigation: NPV=$24.35 ; IRR=19.80%

With Mitigation: NPV= -$1.04 ; IRR=15.80%

Explanation:

Hi, as you can see, this project without mitigation is financially better than the option of investing on the environmental mitigation, but since the "mitigation" alternative is so close NPV=0, do consider to implement the mitigation option, this is because it would only take some adjustments (I think) to get the NPV = 0 and you will avoid future lawsuits, this is always something to be consider in this type of projects. Now, the math to this, in the case of the NPV, is as follows.

[tex]Without M.=-270.34+\frac{90((1+0.16)^{5} -1)}{0.16(1+0.16)^{5} } =24.35[/tex]

[tex]With M.=-310.34+\frac{94.34((1+0.16)^{5} -1)}{0.16(1+0.16)^{5} } =-1.44[/tex]

The IRR of both options is also something to be consider, in the case of this project without mitigation actions the IRR=19.80%, this means that if our discount rate was 19.80% instead of 16%, this option would provide a NPV=0 (therefore this project is suitable for investing). If the project is to implement the environmental actions the IRR=15.80%, this means that if our WACC was 15.80% instead of 16%, this option is worth considering since it is returning to the investors exactly what they ask for their money. I really don´t think this project should use the same WACC due to the legal risk of not taking environmental actions. (this is just something to consider, my opinion).

The way to find IRR is with a calculator or MS Excel with its fuction "IRR". For further clarification on this, please download the Excel sheet attached to this answer.

Best of luck.

The calculation of NPV and IRR with and without mitigation involves using the initial outlay (which includes the mitigation outlay for the with mitigation scenario) and the annual cash inflows. These figures are used in the formulas for NPV and IRR, with the 16% WACC acting as the discounting factor. When considering this investment, the firm should also bear in mind marginal and potential external costs.

In order to calculate the NPV and IRR with or without environmental mitigation, we need to understand these financial concepts. The NPV or Net Present Value is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. IRR or Internal Rate of Return is the discount rate that makes the NPV of all cash flows equal to zero.

First, calculate the NPV with mitigation. The initial cash outflow is the cost of the plant plus the mitigation cost, which is $270.34 million + $40 million. The annual inflow is given as $94.34 million for 5 years. Using the given WACC of 16%, we use the formula of NPV = ∑ [(Cash inflow) / (1 + r)^n] - Cash outflow. After doing the calculations, we can get a value for NPV however due to the lack of certain key information, we cannot compute a specific value. IRR can be calculated using a financial calculator or Excel function IRR.

For the NPV and IRR without mitigation, we follow the same process. The only difference is we only consider the cost of the power plant which is $270.34 million and the annual inflows are $90 million. The calculation of NPV and IRR follows in the same fashion.

While considering these investments, the firm should also consider marginal costs, marginal benefits and potential external costs, which can have significant effects in the long term.

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Answer:

The GDP for Mario-opolis for 2019 is $145,000,000

Explanation:

GDP: The full form of GDP is the Gross domestic product. It shows all the products and services which are produced and rendered in a particular year. The value of all products and service records only market value.  

The production and the rendering of services should be done for a domestic country only. No other or outside countries should come under GDP, nor they record any previous or future production, expenses.  

So, the GDP amount would be

=  Government in Mario-opolis spends on food and cars produced in Mario-opolis in 2019 + Firms in Mario-opolis spend on equipment made in Mario-opolis in 2019 + People in Mario-opolis spend on uniforms produced in Maribel-stan in 2019 + People in Mario-opolis also spend on food and cars produced in Mario-opolis in 2019

= $100,000,000 + $5,000,000 + $10,000,000 + $30,000,000

=  $145,000,000

Answer:

A) The presidents' calculation is wrong because he is dividing the total cost by the number of students. He is not taking into account the effect of fixed cost in the cost structure. The university should accept more students so the fixed costs will distribute in a larger number of students.

B) Fixed costs= $18000000

Explanation:

Giving the following information:

Midstate University is trying to decide whether to allow 100 more students to the university.

Tuition is $5000 per year.

The controller has determined the following schedule of costs:

- 4000 students= $30,000,000

- 4100students=  $30,300,000

- 4200 students=  $30,600,000

- 4300 students= $30,900,000

The current enrollment is 4200 students.

A) The presidents' calculation is wrong because he is dividing the total cost by the number of students. He is not taking into account the effect of fixed cost in the cost structure. The university should accept more students so the fixed costs will distribute in a larger number of students.

B) Every 100 students the costs increase by $300000. This means that each student increase costs by $3000.

Fixed costs= Total cost - variable cost* number of students

Fixed costs= 30600000 - 4200*3000= $18000000

Final answer:

The president's calculation is wrong because it includes fixed costs in the calculation of cost per student. The fixed costs of operating the university are $30,000,000 and the variable costs per student are $3000.

Explanation:

The president's calculation is wrong because the calculation only considers the total cost and divides it by the current enrollment, which includes fixed costs and variable costs. However, in order to accurately determine the cost per student, only the variable costs should be divided by the number of students. In this case, the fixed costs should be excluded as they do not change with the number of students.

The fixed costs of operating the university are the costs that remain the same regardless of the number of students. In this scenario, the fixed costs would be the costs when there are 4000 students, which is $30,000,000. The variable costs are the costs that change with the number of students. In this scenario, the variable costs would be the additional costs incurred for each additional student. By analyzing the schedule of costs, we can see that with every increment of 100 students, the total costs increase by $300,000. Therefore, the variable cost per student is $300,000 divided by 100, which is $3000.

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

Answer:

Explanation: Employers have generally always found methods to monitor their employees. As software and tech advancements continue at break-neck speeds, employee monitoring is changing.

Software and tech platforms are being used to gather information on employees. Artificial Intelligence and Machine Learning (AI/ML) technologies used in these platforms are able to measure and analyze workforce performance. The use of data related to employees is referred to as Human Resource Analytics (HRA), or people analytics. There are many reasons to monitor employee behavior at work. For smaller businesses, the main reason for employee monitoring is to make sure that there is no unethical or illegal activity in the workplace while ensuring that technology provided is being used for the purpose it was intended. Practicing ethical employee monitoring reduces many unethical and illegal behaviors that cause small businesses to lose money. Monitoring encourages employees that would otherwise act immorally to act in an expected manner.Sometimes, there is more than enough stress at work. Employees may have to meet tight deadlines, deal with coworkers, and change work habit or style due to leadership changes. The constant monitoring of employee activities creates even more stress. If surveillance is felt to be a form of spying by employees, they will develop a feeling of mistrust from their employer. This feeling of being constantly watched will more than likely create an uncomfortable work environment and likely to decline performance .

Final answer:

Increasing the frequency of monitoring clerical staff is unlikely to improve productivity if it has declined by 30 percent. The office manager should investigate other factors impacting productivity, such as work environment, staff morale, and the manager’s supervisory style. Measurement of productivity can extend beyond output per hour to include metrics like customer satisfaction and error rates.

Explanation:

If an office manager is experiencing a 30 percent decline in productivity despite regularly monitoring clerical staff, it might not be beneficial to invest more time in the same method of monitoring. The declining productivity could be related to various factors, such as the manager's work style or the staff morale, not solely the amount of supervision. Studies have shown that human interaction factors, like the supervisorial style, can have a significant impact on productivity.

Instead of more frequent checks, the manager should consider assessing the root causes of the productivity issues. These might include a need for better training, more efficient work processes, improvements in work environment, or adjustments in staff levels if the problem is akin to diminishing marginal productivity due to fixed capital, as explained earlier.

Furthermore, productivity can be measured in other ways than output per hour, such as customer satisfaction, error rates, and the achievement of company-specific goals. It’s also crucial for a manager to be transparent with the team and understand their needs and feedback. This holistic approach can bring about better long-term improvements than simply increasing monitoring frequency.

Answer:

d. both of them could be telling the truth if the labor force grew faster than employment

Explanation:

The president claims that more people are working, this is a nominal approach, if 5000 people were working at the beginning of his term and now, which is ending it has 5001 people working his statement will be true.

The senator makes a more economic approach, while there are more people employement, we must remember than the labor force grows each day, as more kids finish their studies and jump right into the search of jobs.

So, both statement can be true, example

at beginning

600/6,000 = 10& unemployement

6,000 labor force - 600 unemployee = 5,400 working

leaving the office:

1,100/10,000 = 11% unemployement

10,000 labor force - 1,100 unemployee = 8,900 working

UNder this scenario, both are true.

The Discount rate is the interest rate charged by the Federal Reserve for loans, while the Federal funds rate is the interest rate charged by banks to one another for overnight loans. Banks typically borrow from each other first due to the lower Federal funds rate before turning to the Federal Reserve.

The Federal funds rate is the interest rate at which one bank lends funds to another bank overnight. In this case, the Bank of Key West could borrow money from other banks at a rate of 0.25%, which is lower than the rate to borrow from the Federal Reserve.

On the other hand, the Discount rate is the interest rate charged to commercial banks by the Federal Reserve for loans. In your situation, borrowing directly from the Federal Reserve at a rate of 1.15% would be utilizing the discount rate.

The Bank of Key West would typically explore borrowing from other banks first, due to the lower federal funds rate, before turning to the Federal Reserve, which charges a higher discount rate. This is a common practice by banks to fulfill their reserve requirement at a lower cost.

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The federal funds rate is 0.25%, and the discount rate is 1.15%.

The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. In the context of the given scenario, the federal funds rate is the rate at which the Bank of Key West can borrow money from other banks, which is 0.25%.

The discount rate, on the other hand, is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility, the discount window. In this scenario, the discount rate is the rate at which the Bank of Key West can borrow directly from the Federal Reserve, which is 1.15%.

Answer:

(A) 156.63 times

(B) 0.75

Explanation:

(A) The computation of the inventory turnover ratio is shown below:

Inventory turnover ratio = (Cost of goods sold) ÷ (Inventory)

                                       = $2,005,020,050  ÷ $12,801,280

                                       = 156.63 times

(B) The computation of the percentage of assets is shown below:

= (Total inventory) ÷ (total assets) × 100

= ($12,801,280) ÷ ($1,702,017,020) × 100

= 0.75

Answer:

With enough careful planning, fiscal and monetary policy can prevent recessions. = False

There is a normal economic cycle, which includes recession and boom accordingly, therefore, no policy can prevent such phase of an economic cycle, as the cycle is bound to happen and all the changes are inevitable.

Had the U.S. government used fiscal and monetary policy more effectively, many economists believe that the Great Depression would not have been as severe. = True

Although, there is standard economic cycle which includes recession, but with the correct formation and implementation of policies the tendency of such phases can be controlled up-to an extent, thereby, the policies if applied more effectively then, the economy had not face such huge depression.

At the time of the Great Depression, fiscal and monetary policy were not well understood. = True

As said in above point the policy if was properly implemented the tendency of depression would have been low, and accordingly it concludes that the policy was not properly understood, and thus, not implemented properly at the time of great depression.

Booms and busts are natural responses to ever‐changing economic conditions. = True

There is a standard economic cycle, which includes all the phases, including boom and recession, as normal results of economic change.

With careful planning, fiscal and monetary policy can prevent recessions, and effective use of fiscal and monetary policies could have reduced the severity of the Great Depression. However, at the time of the Great Depression, fiscal and monetary policy were not well understood. Booms and busts are natural responses to changing economic conditions.

The statements can be labeled as follows:

Answer:

A. the decision to engage in one activity means forgoing some other activity

Explanation:

The marginal cost is the cost associated with producing an extra unit of output. It is  the differnece in total cost at output k and output k+1

The reason behind cost are that using the input (labor, capital and material) to produce a certain good made them unable to use in other activities.

Marginal costs exist due to the concept of opportunity cost, meaning that when a business engages in one activity, it is forgoing some other activity. The cost incurred by producing one additional unit of a product is considered the marginal cost, taking into account everything that is sacrificed to produce that unit.

Marginal costs exist because the decision to engage in one activity means forgoing some other activity. This statement represents the concept of opportunity cost, which is a critical element in the realm of economics and business. Marginal cost is the cost incurred by producing one more unit of a product and takes into consideration everything sacrificed to produce that unit, whether it's financial resources, time, labor etc. As such, whenever a business makes a decision to increase production, it is essentially under the influence of marginal costs.

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Answer: B. Marsha was laid off from her job with the airline because the recession has reduced the demand for airline travel.

Explanation: One concrete example of cyclical unemployment is when an automobile worker is laid off during a recession to cut labor costs. During this downturn, people are buying fewer cars or vehicles, so the owner doesn't need as many workers to meet the demand.

I believe this is the answer

Among the given scenarios, Marsha being laid off from her job with the airline due to a recession-induced reduction in travel demand represents cyclical unemployment. Marsha expects to be rehired when the economy and travel demand rebound.

The question asks for an example of cyclical unemployment. Cyclical unemployment refers to the type of unemployment that occurs due to downturns or recessions in the economy. It's temporary and dependent on the economic cycle. From the examples given, the instance that best matches cyclical unemployment is when Marsha was laid off from her job with the airline due to reduced demand resulting from a recession. It's cyclical unemployment because Marsha anticipates resume working once the economy recovers and demand for airline travel increases.

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Answer:

Ans.

A) The yield if the loan is repaid at the end of year 10 will be 6.3816%

B) The loan balance be if it is repaid after year 4 will be $66,767.48

C) The yield to the lender if the loan is repaid at the end of year 4 will be 6.6416%

Explanation:

Hi, in order to find the yield of the loan, for a 10 year period at 6% for $90,000, we would have to use MS Excel to find the cash flow and then use the "IRR" function. Please relate to the attached file to this answer for further details in the calculations.

Ans. 6.3816%

In the case of the loan balance at the end of year 4, all we need to do is to bring to year 4 all future cashflows, since there are 6 left to pay, we can use the following equation.

[tex]PresentValue(4)=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }[/tex]

Before we do that, we have to find the annual payment of the loan taking into account that the balance at the end of year 10 has to be $20,000, so we solve the following equiation for "A" before we find the present value(4). This is as follows.

[tex]90,000=\frac{A((1+0.06)^{10}-1) }{0.06(1+0.06)^{10} }+\frac{20,000}{(1+0.06)^{10} }[/tex]

[tex]90,000-\frac{20,000}{(1+0.06)^{10} }=\frac{A((1+0.06)^{10}-1) }{0.06(1+0.06)^{10}}[/tex]

[tex]78,832.10=A(7.360087051)[/tex]

[tex]A=\frac{78,832.10}{7,360087051} = 10,710.76[/tex]

Ok, now that we know this value, we use the formula to find the present value of the 6 remaining payments plus 20,000 6 periods away.

[tex]PresentValue=\frac{10,710.76((1+0.06)^{6}-1) }{0.06(1+0.06)^{6} } +\frac{20,000}{(1+0.06)^{6} }[/tex]

[tex]PresentValue=66,767.48[/tex]

As in the case of the first question, we have to use MS Excel to find out the yield to the lender if the loan is repaid at the end of year 4. So please check out the attached document.

Ans. 6.6416%

Best of luck

Final answer:

Calculating the yield of a partially amortizing loan, as well as the loan balance and yield if the loan is repaid after year 4, involves complex financial calculations, including the effects of points on loan cost and yield, amortization schedules, and the distinction between principal and interest payments over time.

Explanation:

To calculate the yield of a partially amortizing loan and determine the loan balance and yield if repaid after year 4, we need to understand several concepts related to loan amortization, interest rates, and yield calculations. This question involves a complex financial calculation that requires understanding of present value, interest rates, and loan amortization schedules.

Calculating Yield on a Partially Amortizing Loan

Yield, in the context of this question, refers to the lender's return on the loan, taking into account the initial loan amount, any fees or points charged, monthly repayments, and the final balloon payment. Calculating this requires detailed financial formulae not provided in the summary, including the use of present value of annuity formulas and understanding of how points affect the effective cost of the loan and yield to the lender. Points charged upfront effectively reduce the amount of the loan disbursed and increase the lender's yield because they represent prepaid interest.

Loan Balance Repayment After Year 4

Determining the loan balance if repaid after year 4 requires calculating the amount of principal repaid by that time, factoring in monthly payments and how they are split between paying off interest and reducing the principal. This involves generating an amortization schedule for the loan.

Yield to the lender if the loan is repaid at the end of year 4 again involves complex calculations similar to those described above, adapting them to a shorter timeframe and the remaining loan balance at that time.

Answer:

ending cash balance                    62,000

Explanation:

operating activities:

services on cash       8,000

collected from AR    51,000

paid to supplies     (22,000)

rent paid                   (6,500)

supplies paid            (1,200)

cash generated from operating: 29,300

financing activities:

issuance of stock      30,000

cash dividends paid   (4,000)

cash generated from financing: 26,000

cash generated during the year: 55,300

beginning cash balance                 6, 700

ending cash balance                    62,000

The statement of cash flows shows the cash inflows and outflows of a company. Based on the provided transactions, the statement of cash flows for Ewing Company in year 2 can be prepared. The transactions are categorized into operating, investing, and financing activities.

The statement of cash flows reports the cash inflows and cash outflows of a company during a specific period. It categorizes cash flows into three main sections: operating activities, investing activities, and financing activities.

Based on the provided transactions, here is the statement of cash flows for Ewing Company for year 2:

By considering the cash flows from each activity, you can determine the net change in cash for the period, which you can add to the beginning cash balance to obtain the ending cash balance.

Answer:

a. 7,900

b. 10,100

Explanation:

As for the provided information,

We know at break even point taxes shall be = 0 as there are no profits and no losses.

a. At break even: = [tex]\frac{Fixed\ Cost}{Contribution}[/tex]

Fixed Cost = $308,100

Contribution per unit = Selling price - Variable cost = $79 - $40 = $39

Therefore, break even units = [tex]\frac{308,100}{39} = 7,900 smokers[/tex]

b. In case the company wants a profit of $51,480 after tax @ 40% then,

Earnings before taxes = [tex]\frac{51,480}{1 - 0.4}[/tex] = $85,800

Therefore, number of units = [tex]\frac{Fixed\ Cost + Profit\ before\ tax}{Contribution\ per\ unit}[/tex]

= [tex]\frac{308,100 + 85,800}{39}[/tex] = 10,100

Answer: $6,500

Explanation:

Given that,

Quantities of apples in 2008 = 500

Quantities of apples in 2009 = 500

Quantities of apples in 2010 = 550

Quantities of computer in 2008 = 5

Quantities of computer in 2009 = 5

Quantities of computer in 2010 = 6

Prices of apple per kilo:

In 2008 = 1

In 2009 = 2

In 2010 = 3

Prices of computers:

In 2008 = 900

In 2009 = 1000

In 2010 = 1000

Real GDP in 2010 prices for year 2008:

= (Quantities of apple in 2008 × price of apple in 2010) + (Quantities of computers in 2008 × price of computers in 2010)

=  (500 × $3) + (5 × $1000)

= $1,500 + $5,000

= $6,500

Answer:

The accounts receivable balance at the beginning of the third quarter is $3,550

Explanation:

For computing the account receivable balance, first, we have to compute the credit sale per day, and then multiply with the number of days

In mathematically,  

Credit sale per day = (Estimated second Quarter Sales) ÷ (accounts receivable period up to second quarter)

= $7,100 ÷ 90 days

= 78.89

Now the account receivable balance equals to

= Credit sales per day × accounts receivable period

= 78.89 days × 45 days

= $3550

Since the question is asking about the beginning of the third quarter so we considered second quarter sales

Answer:

a. The Josh's liquidity ratio is 2.38 times

b. Higher

Explanation:

a. The formula to compute the liquidity ratio is shown below:

Liquidity ratio = Quick assets ÷ Current liabilities

where,

Quick assets = Cash + Marketable securities + Checking account

                     = $3,150 + $1,050 + $840

                     = $5,040

And, the current liabilities equal to

= Credit card payable + ​Short-term notes payable

= $1,270 + $850

= $2,120

Now put these values to the above formula

So, the answer would be equal to

=  $5,040 ÷ $2,120

= 2.38 times

b. The josh liquidity ratio is higher then his friend told him about the liquidity ratio. It is increased by 0.58 times which means that he is able to meet his short term obligations.

Josh's liquidity ratio is 2.38, which is higher than his friends' average of 1.8. This suggests he is in a slightly better position to cover his short-term obligations.

The liquidity ratio is calculated as the total liquid assets divided by total short term liabilities. In Josh's case, his liquid assets sum up to (cash + marketable securities + checking account): $3,150 + $1,050 + $840 = $5,040. His short-term liabilities are (Credit card payables + short term notes payable): $1,270 + $850 = $2,120.

So, Josh's liquidity ratio is $5,040/$2,120 = 2.38.

Josh's liquidity ratio bigger than his friends, which implies that Josh has a comparatively better liquidity position. This means he has more liquid assets available per dollar of current liabilities, which suggests he is better positioned to cover his short-term obligations, assuming the value of his liquid assets doesn't fall significantly.

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Answer:

a. decreased total stockholders' equity

Explanation:

Treasury shares are the shares which are bought back by the issuing company, reducing the number of shares outstanding (not the number of issued shares).

The effect will be a decrease in the total stockholders' equity since the company is paying the withdrawing investment and this decreases the value "equity" of the company.

Final answer:

Reacquiring shares decreased Finley Corporation's total stockholders' equity but did not change the number of issued shares as those become treasury shares. Hence, the correct option is A.

Explanation:

When Finley Corporation reacquired 1,000 shares of its stock for $12 per share, the total stockholders' equity decreased. This is because the company used its assets, such as cash, to buy back the stock, reducing the equity that is reported on the balance sheet. This transaction did not, however, change the number of issued shares, as reacquired stocks become treasury shares and are not considered in the number of outstanding shares, but are still part of the issued shares.

Answer:

The amount of net income for January was $24,100

Explanation:

Revenues from sales $115,100 (for this analysis is not important if the sales were in cash or on credit)

-

Cost of goods sold $48,000

------------------------------------

Gross profit $67,100

-

Salaries, rent, supplies, advertising, other expenses and monthly utilities (it is not important for this analysis if all the exenses were paid) -$43,000

-----------------------------------

Net income $24,100

The net income for Campus Connection for the month of January is calculated by subtracting the total expenses ($91,000) from the total sales ($115,100), which equals $24,100.

To calculate the net income for January for Campus Connection, we need to consider the revenues and expenses for the month.

First, let's calculate the total revenues. Cash sales amount to $112,000 and the credit sales to $3,100. Therefore, the total revenues for the month of January equal $115,100.

Next, we calculate the total expenses. We know from the data given that the cost of goods sold equals $48,000. Also, the other expenses such as salaries, rents, supplies, and advertising total to $42,000. However, the utilities for January have not yet been paid. This adds an additional $1,000 to the expenses. So the total expenses for January are $48,000 (cost of goods sold) + $42,000 (other expenses) + $1,000 (unpaid utilities) = $91,000.

The net income is calculated by subtracting the total expenses from total revenues; thus $115,100 (sales) - $91,000 (expenses) = $24,100. Therefore, the net income for Campus Connection for January is $24,100.

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Answer:

Development refers to any attempt to improve employees' performance on their current jobs.

Explanation:

Training is a learning process in which employees get an opportunity to develop skill, competency and knowledge as per the job requirement. Development is an educational process which is concerned with the overall growth of the employees. To improve the work performances of the employees

"The correct statement regarding the difference between training and development is: Development is not limited to improving employee's current job performance.

Training and development are two distinct but related aspects of human resource management. Training is a program that is designed to improve the performance of employees on their current job. It is often specific, short-term, and focused on the development of particular skills or knowledge that can be immediately applied to the job. Training is typically conducted on-site, where employees can practice and apply new skills in a controlled environment that closely resembles their actual work setting.

Development, on the other hand, is a broader concept that encompasses not only the current job but also prepares employees for future roles and responsibilities. It is more about the growth and advancement of the individual within the organization. Development opportunities may include mentoring, coaching, job rotation, and participation in projects or task forces. These activities are designed to enhance the individual's capabilities, leadership skills, and understanding of the organization, which in turn can benefit the organization in the long run.

Development is not necessarily limited to on-the-job activities; it can also include off-site educational programs, workshops, and seminars that are aimed at personal growth and long-term career development. It is typically a continuous process and may not have immediate application to the current job but is crucial for the individual's and organization's future success.

In summary, while training is primarily focused on enhancing the skills required for an employee's current job, development is a more comprehensive approach that aims to prepare individuals for future challenges and roles within the organization. The statement that development is not limited to improving an employee's current job performance accurately captures this key difference between the two concepts."

Answer:

b. the par value of all capital stock issued.

Explanation:

As per the business format, capital of a company is the value of share capital.

Now, also legal capital means the share capital issued as this reflects the legal share of individual investors in the company.

Authorized capital is the value of maximum capital that can be issued by the company in the form of equity shares.

Issued capital is that part of authorized capital that is actually issued.

And therefore, the par value that is the face value of shares issued, that is equity issued is the legal capital of the company.

Answer:

(A) debit Work in Process Inventory and credit Factory Overhead

Explanation:

On cost accounting, the debit is the destination of the cost.

And the credit the origin, to record the allocation of factory overhead, the destination is the work in proces, and the origin, the reason of existence of the cost is the factory ovehead which, will be credited.

Same idea applies when posting the materials used and the direct labor. A  debit to work in process(destination) is made and then, a credit to raw materials inventory (origin) or labor payable (origin)

Answer:

Antiglobal

Explanation:

In market segmentation we can diferenciate 4 segments.

Antiglobals are skeptical abouth whether the goods of global brands have a high quality. Are against global brand

Global Agnostics are against global brands and are most likely to lead globalization movements.

Global Citizens favours buying global brands that signal prestige.

Global dreamers favours buying global brands but can't afford them, and still admire them.

The additional purchase of equipment for $12.8 million and its subsequent depreciation of $4.3 million per year in the years 2017-2019 would decrease Mydeco's net income and potentially lower the taxes paid.

The additional purchase of equipment for $12.8 million at the end of 2016 would have an impact on Mydeco's net income in years 2016-2019 due to depreciation expenses. The depreciation expense of $4.3 million per year would reduce Mydeco's net income, resulting in lower profits and potentially lower taxes paid.

Depreciation is the allocation of the cost of an asset over its useful life, and it is deducted as an expense on the income statement. The higher the depreciation expense, the lower the net income. In this case, the additional purchase of equipment and its subsequent depreciation would decrease Mydeco's net income by $4.3 million per year in 2017, 2018, and 2019.

With a tax rate of 35%, the lower net income would result in lower taxable income and therefore potentially lower taxes paid by Mydeco. However, the impact on net income and taxes paid would also depend on other factors such as Mydeco's overall financial position and other income and expenses during those additional .

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Answer: Global citizens

Explanation: In simple words, those individuals who have a wider understanding of the world than others are called global citizens. These are the citizens who take active participation in all those activities that connect world globally and in a more equal and sustainable manner.

In the given case, Jane is purchasing the product because it has a global acceptance, despite of its high price.

Hence from the above we can conclude that the she is a global citizen.

Answer:

Ans. the rate of return of this invesment is 3.5278% annual.

Explanation:

Hi, what we need to do here is to find the future value of all six payments, beginning when the child turns 12, which will end when he turns 17. One year later (when the child turns 18) he will receive $25,000 per year, for the next 4 years. This is the equation that we need to use (and solve for "r").

[tex]\frac{A_{1}((1+r)^{6}-1)  }{r} =\frac{A_{2}((1+r)^{4}-1)  }{r(1+r)^{4} }[/tex]

Where:

A1=$14,000

A2=$25,000

So, everything should look like this

[tex]\frac{14,000((1+r)^{6}-1)  }{r} =\frac{25,000((1+r)^{4}-1)  }{r(1+r)^{4} }[/tex]

As you can see, this would take forever to solve, so what we have to do is to use MS Excel, we have to use the "Goal Seek" function. Please check the MS Excel spread sheet attached to this answer.

Please use this function with the following parameters.

Set Cell: G7

To Value: 0

By changing cell: G2

Ans. 3.5278%

Best of luck.

The investment offers a return of approximately 19.05%.

Step 1: Understanding the Payments into the Savings Plan
You make annual payments of $14,000 each for 6 years. The first payment is on your child's 12th birthday, and you continue making payments until your child turns 17.
1. First Payment: $14,000
2. Second Payment: $14,000
3. Third Payment: $14,000
4. Fourth Payment: $14,000
5. Fifth Payment: $14,000
6. Sixth Payment: $14,000
To find the total amount you have paid into the savings plan, you multiply the annual payment by the number of payments:
[tex]\[ \text{Total Paid} = 14,000 \times 6 = 84,000 \][/tex]
Step 2: Understanding the Payments from the Savings Plan
Starting on your child's 18th birthday, the plan provides $25,000 per year for 4 years.
1. First Payment: $25,000
2. Second Payment: $25,000
3. Third Payment: $25,000
4. Fourth Payment: $25,000
To find the total amount received from the savings plan, you multiply the annual payment by the number of years:
[tex]\[ \text{Total Received} = 25,000 \times 4 = 100,000 \][/tex]
Step 3: Calculate the Return on Investment (ROI)
The return on investment (ROI) is calculated by comparing the total amount received to the total amount paid into the plan. The formula for ROI is:
[tex]\[ \text{ROI} = \frac{\text{Total Received} - \text{Total Paid}}{\text{Total Paid}} \][/tex]
Substituting the values we calculated:
[tex]\[ \text{Total Paid} = 84,000 \]\[ \text{Total Received} = 100,000 \][/tex]
[tex]\[ \text{ROI} = \frac{100,000 - 84,000}{84,000} = \frac{16,000}{84,000} \approx 0.190476 \][/tex]
Step 4: Converting to a Percentage (optional)
If desired, you can convert the ROI to a percentage by multiplying by 100:
[tex]\[ \text{ROI} \times 100 \approx 19.05\% \][/tex]
Summary
To summarize:
- Total amount paid into the savings plan: $84,000
- Total amount received from the savings plan: $100,000
-Return on Investment (ROI): approximately 0.190476, or 19.05%

The investment offers a return of approximately 19.05%.

Answer:

Understated

Explanation:

In accounting, long-term assets are said to be subject to wear and tear. This results from their constant use in business operations. This wear and tear is also known as depreciation. Depreciation thus, is the loss of value of the long-term assets that are used in business operations. In accounting, depreciation is recorded as an expense although no cash transactions are involved. Failure to record depreciation incurred in a financial year will amount to undervaluing or understating the depreciation expense for the year.

Answer:

The answer is (B)- Understated.

Explanation:

Depreciation is charged on depreciable assets to match depreciation expenses which represent economic benefit consumed  with the revenue generated for the period under consideration. It is an accounting estimate which involved alot of discretion from the users to determine which method to use for the computation i.e either straight line or reducing balance method or any other methods considered suitable.

Option A-False. It can only be overstated if  more than one adjustment is posted on the same asset

Option B- True.

Option C- False. The omitted entry affects depreciation expense(DR) and Accumulated Depreciation (CR)

Option D-False. It is reported on balance sheet as accumulated depreciation and on Income statement as depreciation expense

Answer:

depreciation expense 2,700 debit

   accumualted depreciation equipment  2,700 credit

--------------------

supplies expense 4,400 debit

         supplies                            4,400 credit

----------------

unearned revenue    3,400 debit

       service revenue                3,400 credit

Explanation:

(1) we declare the expense and credit the accumualted deperication on the long-term assets

(2)

beginning 2,100 + purchase 3,400  = 5,500 availalbe

if we end up with 1,100 then we use 4,400 this will be the suplies expense we will also adjust supplies account to match the physical count.

(3) from the unearned revenue will will write-off 3,400 and reocgnize revenue for that amount