The Mega Millions claims its grand prize is $500 million, payable over 5 years at $100,000,000 per year. If the first payment is made immediately, what is this grand prize really worth today? Use an interest rate of 4%.

Answer:

(a) Gray cast iron would be the best decision for a engine block since it is generally simple to cast, is wear safe, has great vibration damping attributes, and is moderately cheap.  

(b) Stainless steel would be the best decision for a heat exchanger to consolidate steam since it is consumption impervious to the steam and condensate.  

(c) Titanium alloys are the best decision for fast airplane fly motor turbofan cutting edges since they are light weight, solid, and effortlessly created impervious to consumption. In any case, one downside is their expense.  

(d) A tool steel would be the best decision for a driling bit  since it is hard holds its hardness at high temperature and is wear safe, and, in this way, will hold a sharp front line.  

(e) For a cryogenic (low-temperature) holder, an aluminum alloy would be the best decision; aluminum alloys have a FCC precious stone structure, and along these lines, are flexible at exceptionally low temperatures.  

(f) As a pyrotechnic in flares and firecrackers, magnesium is the best decision since it touches off effectively and consumes promptly in air with a brilliant fire.  

(g) Platinum is the best decision for high-temperature heater components to be utilized in oxidizing atmospheres since it is malleable, has a moderately high softening temperature, and is profoundly impervious to oxidation.

Suggestions for suitable materials for the mentioned applications include Gray cast iron for engine blocks, Stainless steel for condensing heat exchangers, Titanium alloy for jet engine turbofan blades, Tool steel for drill bits, Aluminum for cryogenic containers, Magnesium for pyrotechnics, and Tungsten for high-temperature furnace elements.

The suitable metals or alloys for the given applications are as follows:

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Answer:

See the explanation below:

Explanation:

1. Prepare journal entries to record the following transactions for Sherman Systems

a. Purchased 5,500 shares of its own common stock at $30 per share on October 11.

Details                                                            Dr ($)               Cr ($)  

Treasury Stock (5,500 × 30)                         165,000

Cash                                                                                      165,000

To record the repurchase of own common stock                            

b. Sold 1,125 treasury shares on November 1 for $36 cash per share.

Details                                                            Dr ($)               Cr ($)    

Cash (1,125 × 36)                                            40,500

Treasury Stock (1,125 × 30)                                                  33,750

Paid-in Capital from Sale of Treasury Stock                        6,750

To record the sale of treasury stock.                                                      

c. Sold all remaining treasury shares on November 25 for $25 cash per share.

Details                                                                Dr ($)               Cr ($)    

Cash (4,375 × 25)                                                109,375

Paid-in Capital from Sale of Treasury Stock       6,750

Retained Earnings                                                15,125

Treasury Stock 99,000 (4,375 × 30)                                       131,250

To record the sale of the remaining treasury shares                              

Kindly note that there is a balance of $6,750 in the Treasury Stock Paid-in Capital account. Since it is utilized, the remaining deficit will show in Retained Earnings.

2. Prepare the stockholders' equity section after the October 11 treasury stock purchase.

Details                                                                                            $    

77,000 issued authorized common stock–$10 par value    770,000

Paid-in capital in excess of par value, common stock           241,000

Retained earnings                                                                    904,000

Treasury stock                                                                         (165,000)

Total stockholders’ equity                                                      1,750,000

1. Here, we are preparing the journal entries to record the following transactions for Sherman Systems

a. Date   Account titles and Explanation          Debit         Credit

               Treasury Stock (5,500 * 30)             $165,000

                    Cash                                                                   $165,000

               (To record the repurchase of own common stock)

b. Date   Account titles and Explanation          Debit         Credit

               Cash (1,125 × 36)                                $40,500

                      Treasury Stock (1,125 × 30)                            $33,750

                      Paid-in Capital from Sale of T. Stock            $6,750

              (To record the sale of treasury stock)

c. Date   Account titles and Explanation              Debit          Credit

                Cash (4,375 × 25)                                  $109,375

               Paid-in Capital from Sale of T. Stock   $6,750

               Retained Earnings                                 $15,125

                     Treasury Stock (4,375 × $30)                              $131,250

               (To record the sale of the remaining treasury shares)

2. Particulars                                                              Amount

issued authorized common stock (77,000*$10)      $770,000

Paid-in capital in excess of par value                       $241,000

Retained earnings                                                      $904,000

Treasury stock                                                            ($165,000)

Total stockholders’ equity                                         $1,750,000

Answer:

Dr. Cash                          $2,842

Dr. Discount Expense    $58

Cr. Account Receivable $2,900

Explanation:

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Sales = $3,700

Returns = $800

Amount Due = $3,700 - $800 = $2,900

As the payment is made within discount period, so discount will be availed

Discount = $2,900 x 2% = $58

Cash Paid = $2,900 - $58 = $2,842

Answer:

Total Budgeted unit sales$5,700

Total budgeted unit price $50

Budgeted total sales $285,000

Explanation:

Sales budget for the months of January, February, and March.

Budgeted unit sales × Budgeted unit price =Budgeted total sales

January $1,000 ×50=$50,000

February $3,000×50=$150,000

March $1,700×50=$85,000

Total Budgeted unit sales=$1,000+$3,000+$1,700=$5,700

Total Budgeted unit price $50

Budgeted total sales=$50,000+$150,000+$85,000

=$285,000

Answer and Explanation:

The Journal entry is shown below:-

a. Investment in bonds Dr, $100,000

Premium on bonds Dr, $8,660

         To Cash $108,660

(Being purchase of bonds above face value is recorded)

b. Cash Dr, $7,000

       To interest revenue $5,433

       To premium amortization $1,567

(Being interest revenue earned, received and premium on bonds amortization is recorded)

c. Cash Dr, $7,000

       To interest revenue $5,354

       To premium amortization $1,646

(Being interest revenue earned, received and premium on bonds amortization is recorded)

d. Cash Dr, $7,000

       To interest revenue $5,272

       To premium amortization $1,728

(Being interest revenue earned, received and premium on bonds amortization is recorded)

e. Investment in bonds Dr, $100,000

Premium on bonds Dr, $8,660

          To Cash $108,660

(Being purchase of bonds above face value is recorded)

f. Investment in bonds Dr, $108,660

          To Cash $108,660

(Being purchase of bonds above face value is recorded)

The respective entries for the purchase of bonds, whether classified as held-to-maturity or available-for-sale, are provided from 2012 through 2015. The general method involves debiting the cash and bond premium, and crediting the interest revenue and investment in bonds.

To answer your queries a through f, I'll provide you with the journal entries that would have been made in each scenario.

(a): The journal entry to record the purchase of these bonds on December 31, 2012 would be:
Dr. Investment in Bonds $108,660
Cr. Cash $108,660

(b): The entries related to the held-to-maturity bonds for 2013 would be:
Dr. Cash $7,000
Dr. Bond Premium  $1,567
Cr. Interest Revenue  $5,433
Cr. Investment in Bonds $1,567

(c): The entries related to the held-to-maturity bonds for 2015 would be:
Dr. Cash $7,000
Dr. Bond Premium  $1,728
Cr. Interest Revenue  $5,272
Cr. Investment in Bonds $1,728

(d): The journal entry to record the purchase of these bonds, if they're classified as available-for-sale, would be the same as in part a.

(e): The entries related to the available-for-sale bonds for 2013 would be:
Dr. Cash $7,000
Dr. Bond Premium  $1,567
Cr. Interest Revenue  $5,433
Cr. Investment in Bonds $1,567

(f): The entries related to the available-for-sale bonds for 2015 would be:
Dr. Cash $7,000
Dr. Bond Premium  $1,728
Cr. Interest Revenue  $5,272
Cr. Investment in Bonds $1,728

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Answer:

A. $45,000

Explanation:

We have to use bank reconciliation statement to find the adjusted balance per bank at the end of month. Although we do not have cash balance, we will use the bank part to adjust the bank balance.

Bank balance as per month end     $54,000

Add: Deposit in transit                      $6,000

                                                          $60,000

Less: Outstanding check                $(15,000)

Adjusted bank balance                  $45,000

Note: Non-sufficient funds will be deducted from cash book.

Therefore, option A is the answer.

Answer: 45 months

Explanation:

Credit owed $7200

Monthly payment $225

APR annaully 18.4%

Monthly APR = 18.4/12 = 1.533%

SOLUTION

1st Month interest payment

1.533% x $7200 / 100 = $110.40

Principal paid (monthly payment - interest paid) = $225 - $110.40 = $114.60

Balance ( principal - principal paid) = 7200 - 114.60 = $7085.40

2nd Month interest payment

1.533% x $7085.40 / 100 = $108.64

Principal paid (monthly payment - interest paid) = $225 - $108.64 = $116.36

Balance ( principal - principal paid) = $7085.40 - $116.36 = $6969.04

By following this step up to the 45th month you get $74.74 as the monthly payment this sums up to.

Month interest payment

1.533% x $74.74 / 100 = $1.15

Principal paid (monthly payment - interest paid) = $75.88 - $1.15 = $74.74

Balance ( principal - principal paid) = $74.74 - $74.74 = $0

The payment would be completed at exactly 45months

Solution:

Activity Units Units cost Cost of Goods Available

Beginning Inventory                11     $65.00      $715

1st week purchase                   11      $66.00     $726

2nd week purchase                 11      $67.00     $737

3rd week purchase                  11      $70.00     $770

4th week purchase                  11      $75.00     $825

Units available for sale            55

Cost of goods available for sale                       $3,773

Answer:

A) Net income = $61,600

B)

I. Dollars in Minus Dollars Out = $94,000

II. Adjusted Accounting profit = $77,000

III. After tax Operating Cash flow = $78,600

Explanation:

a) Below is the income statement for the bicycle repair shop

Revenue:

Revenues = $188,000

Total Revenue = $188,000

Expenses:

Variable costs = $57,000

Rent (of shop) = $37,000

Total Expenses = $94,000

Gains:

Gain = $0

Losses:

Depreciation (of repair tools) = $17,000

Income Before Tax = $77,000

Income Tax (at 20%) = $15,400

Net Income = $61,600

b) We calculate Operating Cash Flow using 3 methods:

I. Dollars in Minus Dollars Out = Revenue - Expenses = $(188,000 - 94,000)

Dollars in Minus Dollars Out = $94,000

II. Adjusted accounting profits =  Total monetary revenue - Total costs

Total costs = Total Expenses + Depreciation = $(94,000 + 17,000)

Total costs = $111,000

Accounting profit = $(188,000 - 111,000)

Accounting profit = $77,000

III. Add back depreciation tax shield = Net Income + Depreciation

Add back depreciation tax shield = $(61,600 + 17,000)

Add back depreciation tax shield = $78,600

Final answer:

An income statement for the bicycle repair shop shows a net income of $61,600 after accounting for variable costs, rental costs, depreciation, and taxes. Operating cash flow can be calculated using three methods: 'Dollars in minus Dollars out' yields $94,000, 'Adjusted Accounting profits' is $78,600, and 'After tax Operating Cash flow' is $64,400.

Explanation:

To create an income statement for the bicycle repair shop, we'll begin by subtracting the variable costs, rental costs, and depreciation from the revenues to determine the pretax profit. We then calculate the taxes by taking 20% of the pretax profit and subtracting it to find the net income. Next, we'll calculate the operating cash flows using the provided methods.

Income Statement

Operating Cash Flow Calculations

The specific calculations for the operating cash flow are as follows:

Answer:

A) conditions in the target industry allow for profits and return on investment that is equal to or better than that of the company's present business(es).

Explanation:

Remember, the key word here is about whether diversification into a particular industry would likely increase shareholders value.

Thus, any company wanting to test this out would consider whether conditions in the target industry allow for profits and return on investment that is equal to or better than that of the company's present business(es).

This option is better because improved profits implies better shareholder value.

Answer: 1. Jacques picks Right

2. Jacques picks Right and Kyoko picks Right.

Explanation:

Hello.

I wasn't quite clear on your question so I added an attachment with the full question.

1. The only dominant strategy in this game is for ____Jacques____ to choose ___Right____.

The Dominant strategy for a player is that strategy that will result in the highest payoff independent of the actions of the other player.

If Jacques plays Right, they will have more or equal payouts but never less than Left regardless of what Kyoko does. Therefore choosing Right is Jacques's Dominant strategy.

2. The outcome reflecting the unique Nash equilibrium in this game is as follows: Jacques chooses___Right_______and Kyoko chooses ____Right_____.

Jacques will go with their dominant strategy of picking Right. This will make Kyoto pick the alternative of Right that results in the higher payoff. They make a payoff of 8 if they pick Right as well so that is what they will do.

If you need any clarification do comment. Cheers.

Answer:

a)

Opportunity Cost (Purchase value less Salvage Value)

Old Machine = $72,000 - $18,000 = $54,000

New Machine =$235,000 - $64,000 = $171,000

Operating Costs

Old Machine = $38,000 * 9 = $342,000

New Machine = $8,000 * 9 = $72,000

Total Cost = Opportunity cost + Operating Cost

Old machine Total Cost = $54,000 + $342,000 = $396,000

New Machine Total Cost = $171,000 + $72,000 = $243,000

b)

Should the old machine be replaced? YES

The cost of keeping the old machine is more than the cost of buying and operating the new machine, therefore it is advisable to replace the old machine.

Answer:

the machine should be replaced

Explanation:

First, the cost of old machinery is sunk cost and no more relevant for our calculations as it would not affect our decision making at this point.

The following numbers hold value for the purpose of taking a decision as to whether the company should keep or replace the old machinery with a new one at this point and time.

Cost of a new machinery (if purchased)

Change in operating expenses (if machine is replaced)

Current disposal value of old machine

The company must see whether there is positive change to net income with the replacement. If there is a negative change it will not be replaced.

Step 2

1. Cost of new machinery= $ 235000

2. Changes in the operating expense/s=

Operating expense with old machine=$38000 per year for 9 years= 38000 x 9= 342000

Operating expense with new machine= $ 8000 per year for 9 years = 8000 x 9= 72000

Hence the savings in operating expenses is = $ 342000- $72000= $270000

3. Current Disposal value of old machine= $ 72000

Step 3

Putting together the numbers calculated in step 2-

Items----- --------------------------------Effect ----------------------------------Amount in $

Cost of new machine---                cash outflow                           -235000

Saving in operating expenses--- Cash inflow                          270000

Current disposal value of old machine----- Cash inflow           72000                                                                                                                                                                                                                                                                                                                                                                                                                               answer                                                                                            107000                                                                                                                                          

From the above calculation, it can be seen that there is a positive / net income flow of $ 107000 which is favourable to the company

In conclusion we can therefore, the machinery should be replaced with the new machinery.

Answer: $530000

Explanation:

Debt $200000.

Equity $400000

rd=7%.

rd for equity =12%

Taxrate= 40%

Earning rate for equity= 4%

Firm L has a total of $200000+ $400000= $600000

A similar firm with no debt should have a smaller value.

The calculation is as follows.

VTotal= Vu + Vts

Make Vu the subject of the formula

So,

Vu= VTotal - Vts

= Debt + Equity(S) - Vts

Firstly, we need to calculate Vts

Value tax shelter (Vts)

=rdTD(rsU-G)

= 0.07(0.40)(200000)/(0.12-0.04)

=5600/0.08

= $80,000

Therefore,

Vu= $200000 + $400000- $70000

Vu= $600000 - $70000

Vu= $ 530000

In conclusion

The value of Firm L if it has no debt is $530000

Answer:

$530,000

Explanation:

Debt: $200,000

rd: 7%

T: 40%

Equity: $400,000

rsU: 12%

g: 4%

Firm L has a total value of $200,000 + $400,000 = $600,000. A similar firm with no debt should therefore have a smaller value.

VTotal= VU+ VTS

Therefore VU= VTotal−VTS= D + S −VTS.

Value tax shelter = VTS= rdTD/(rsU−g)

= 0.07(0.40)($200,000)/(0.12 −0.04)

=$5,600/0.08

= $70,000

VU= $400,000 + $200,000 −$70,000

$600,000-$70,000 = $530,000

VU= $530,000

The value of Firm L if it had no debt is $530,000

Answer:

Total interest saved = $ 774.9

Explanation:

Formula for total interest saved:

Total interest save = total interest in one month + Total interest at 36th month

Calculating total interest in one month:

As Enrique has a 60-month fixed installment loan, with a monthly payment of $77.86 so

1st payment in one month = 60 × 77.86

1st payment in one month  = $4,671.6

As the amount he borrowed was $3500.

Therefore

Total interest = 4,671.6 - 3,500

Total interest = $1,171.6

Calculating total interest at 36th month:

Total interest at 36th month = ( 60 - 35 )× 77.86

Total interest at 36th month = 1,946.5

Therefore by putting the values in the above formula, we get

Total interest saved = $1,946.5- $1,1716

Total interest saved = $ 774.9

Final answer:

Enrique will save approximately $102.42 in interest.

Explanation:

To calculate the interest saved using the actuarial method, we first find the total interest paid over the course of the loan by subtracting the principal amount borrowed from the total amount paid (monthly payment multiplied by the number of payments). Then, we calculate the remaining balance on the loan after 35 payments using the present value of an annuity formula. Finally, we subtract this remaining balance from the total amount paid to find the interest saved. By performing these calculations, we determine that Enrique will save approximately $102.42 in interest by paying off the remaining balance on the loan instead of making the 36th payment. This represents the interest that would have been paid on the remaining balance over the remaining loan term.

Answer:

Bundling

Explanation:

Bundling a strategy in which two or more products are packaged together and sold as a single combined unit, often for a lower price than they would charge customers to buy each item separately.

This strategy has a distinct feature which entails that The products and services are usually related, but they can also consist of dissimilar items which appeal to one group of customers.

In the bundling marketing strategy, the strategy of companies offering discounts can stimulate demand, lifting revenues often at the expense of profit margins.

It enables companies roll out different productsat the same time and selling at a discounted price while still making huge profit.

Answer:

Explanation:

When Sony launched its new PS4 gaming system, the product was sold as a package that included the game console, game controllers, wireless headset, and one video game. This is an example of price bundling

Price bundling is putting together as a unit several products or services into a single comprehensive package for a total packaged reduced price. Thins type of price bundling has the capability to increase profits because it promotes the purchase of more than one item which, had it been sold seperately might not be as affordable as that. For Sony to sell a total package of the new PS4 gaming system, game console, game controllers, wireless headset, and one video game at a reduced price is favorable to the customers and a good price bundle.

Solution:

Number of items shipped                                          120,000          

Standard direct labor-hours per item                         x 0.03

Total direct labor-hours allowed                                3,600

Standard variable overhead cost per hour               x 2.85

Total standard variable overhead cost                     10,260

Actual variable overhead cost incurred                     11,480          

Total standard variable overhead cost (above)      10,260

Total variable overhead variance                              1220 (Favourable)

Answer:

7,657 bonds

Explanation:

In order to determine the minimum number of bonds first we have to find out the present value of the bond which is to be shown in the attached spreadsheet.

Data provided in the question

Future value or Face value = $1,000

PMT = $1,000 × 9% ÷ 2 = $45

Rate of interest = 10% ÷ 2 = 5%

NPER = 20 years × 2 = 40 years

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value of the bond is $914.20

Now the raise amount is $7 million

So, the number of minimum number of bonds is

= $7,000,000 ÷ $914.20

= 7,657 bonds

Answer:

. are the most elastic in their demand for a product.

Explanation:

Price discrimination is when a producer sells the same good at different prices to consumers.

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

The more elastic demand is, the more sensitive demand is to changes in price.

The less elastic demand is, the less sensitive demand is to changes in price.

A price discriminating seller who wants to maximise profits would charge higher prices to the consumer with a less elastic demand and a lower price to a consumer with a more elastic demand.

I hope my answer helps you

Answer:

Option C   is the correct one.

Are the most elastic in their demand for a product.

Explanation:

Ceteris paribus, a price-discriminating firm will charge less to the customers who are the most elastic in their demand for a product.

Consumers with more elastic demand are more price sensitive so they might not purchase if price is higher. Hence a less price is charged from consumers with elastic demand.

Quick ratio = 1.30 (Option C)

Explanation:

Quick ratio or acid test ratio is calculated as follows:

(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities

In our question, we have been given with the data:

Cash = 45 million

Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million

So, let us now put the given values in the above stated formula:

Quick ratio = ( 45 plus 33 plus 66) divide by 111

After calculating we get, 1.30

Therefore, the quick ratio is 1.30

Answer:

252

Explanation:

In this question we use the PMT and the NPER formula which is to be shown in the attachment below:

Given that,  

Present value = $200,000

Future value or Face value = $0

RATE = 6% ÷ 12 = 0.5%

NPER = 30 years × 12 months = 360 months  

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after solving this, the pmt is $1,199.10

Now NPER is

Given that,  

Present value = $200,000

Future value or Face value = $100,000

RATE = 6% ÷ 12 = 0.5%

PMT = $1,199.10

The formula is shown below:  

= NPER(RATE;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the pmt is 251.82

Answer:

The correct answer is $166,000

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the Equity Valuation Cash Flow by using following formula:-

Equity valuation cash flow = Net income - (Change in non cash - Cash working capital) - (Capital expenditure - Depreciation) + (New debt issued - Debt repayment)

By putting the value, we get

= $637,000 - ($900,000 - $659,000) - ($690,000 - $460,000) + 0

= $637,000 - $241,000 - $230,000

=$166,000

According to the analysis, the equity valuation cash flow is $166,000.

Final answer:

The equity valuation cash flow for the company is $407,000, calculated by adding depreciation to net income and subtracting net capital expenditures.

Explanation:

To calculate the equity valuation cash flow for a company that started and ended with no required cash, operating income of $989,000, net income of $637,000, current assets of $900,000, current liabilities of $659,000, net capital expenditures of $690,000, and depreciation of $460,000, we need to adjust the net income for non-cash expenses and investments in long-term assets. The cash flow relevant to equity valuation will be the net income plus depreciation (a non-cash expense) minus the net capital expenditures (investment in long-term assets).

Let's calculate the equity valuation cash flow:

Equity Valuation Cash Flow = $637,000 + $460,000 - $690,000 = $407,000

Answer:

6%

Explanation:

Current interest rate on one year bond = 5%

Forward interest rate on one year bond = 7%

To Calculate the interest rate on two year bond we use this:

Interest rate = [Current interest rate on one year bond + Forward interest rate on one year bond]/2

Interest rate = [5 + 7]/2 = 12/2 = 6%

Therefore,

The interest rate on two-year bond is equal to 6%.

Answer:

A one-year bond has an interest rate of 5% today. Investors expect that in one year, a one-year bond will have an interest rate equal to 7%. Investors expect that in two years, a one-year bond will have an interest rate equal to 9%. According to the expectations theory of the term structure of interest rates, in equilibrium, a three-year bond today will have an interest rate equal to 7%.

Explanation:

The current interest rate on one year bond = 5%

The forward interest rate on one year bond = 7%

The forward interest rate on one year bond = 9%

We can now calculate the interest rate on a three-year bond as below:

Interest rate = [Current interest rate on one year bond + Forward interest rate (7%) on one year bond + Forward interest rate (9%) ]/3

Interest rate = [5 +7+9]/3 = 21/3 = 7%

Therefore,

The interest rate on a three-year bond is equal to 7%.

Answer:

Credit to the PBO for $13,500

Explanation:

Defined benefit pension plan is a pension structure adopted by a company in which an employee is guaranteed payments in the future for example after retirement. Since the payments are given far into the future, complex calculations are required to compute how to account for annual expenses and changes in pension obligation.

Now, under the above plan, the amount of the future benefits that will be paid for by the company depends on a multitude of factors such length of time served, an employee lifespan. The annual expense needs to match the recognition of the related expense in the period in which the particular employee renders the service for which they will be paid in the future.

So, the formula for Periodic (Annual) Pension Expense is Interest Costs (Interest incurred on the beginning Projected Benefit Obligation) + Service Costs (Present Value of the projected retirement benefits earned in the current period) - Actual Return on Plan Assets (the returns provided by the assets held under the Company's pension plan) + Amortization of Prior Service Costs (changes to pension expense as a retroactive amendments to the pension plan) +/- Amortization of Actuarial Gains or Losses (the change in the PBO as a result of changes in assumptions used to calculate the PBO).

The question provides us with the interest costs, the services costs, and the expected return on plan assets with other costs being nil.

Therefore, annual pension expense is Service Costs + Interest Costs - Expected Return on Plan Assets = 18,500 + 5,500 - 10,500 = 13,500.

The journal entry is a credit to the PBO of the amount of the expense and a debit to the Pension Expense. Note that the difference between ending PBO and beginning PBO is NOT equivalent to annual expense since other items such as company's contribution and changes in fair value of the liability also impact the PBO.

Answer:

$24,000

Explanation:

It is shown in the file attached

Answer:

$80 U

Explanation:

Flexible budget [$1,760 + ($10 × 624)]

$1,760+$6,240= $8,000

Planning budget [$1,760 + ($10 × 616)]

$1,760+$6,160= $7,920

Flexible budget-Planning budget= Activity variance

$8,000-$7,920=$80

Activity variance $80 U

Therefore the flexible budget is greater than the planning budget, the variance is unfavorable (U)

Answer:

Collections for July = $43200

Explanation:

Sales on cash are generally collected immediately, hence if the sale occurs in June, it would be collected in June itself. Sales on credit on the other hand, is where the debtor can pay for the goods or services on a later date. In this case, it is paid in the next month after the sale.

According to the information cash collections are 60%. Hence in July, 60% of $52,000 would be obtained, which is - $52,000 x 60% = $31,200.

At the same time, the sales on credit made in June would be collected in July. Since sales on credit amount to 40% of total sales of the month, it would be - $30,000 x 40% = $12,000.

Total collections for July = $12,000 + $31,200 = $43,200.

"The Total collections for July is = $12,000 + $31,200 = $43,200. To understand more calculation check below".

Sales on cash are generally collected immediately, thus, if the sale occurs in June, it would be collected in June itself. When the Sales on credit, on the different pointer, is where the debtor can pay for the goods or services at a later date. In case of, it is paid in the next month after the sale.

According to the information cash collections are 60%. Therefore, in July, 60% of $52,000 would be obtained, which is - $52,000 x 60% = $31,200.

At the same time, When the sales on credit made in June would be collected in July. When the sales on credit amount to 40% of total sales of the month, it would be - $30,000 x 40% = $12,000.

Therefore, the Total collections for July is = $12,000 + $31,200 = $43,200.

Find more information about Collections of Sales here:

https://brainly.com/question/16454038

Answer and explanation:

Attached is a comprehensive solution

in a well formatted excel table

Question: The question is not complete. Find below the complete quesion and the answer.

Cawley Company makes three models of tasers. Information on the three products is given below.

                                       Tingler  Shocker  Stunner  

Sales                  $300,000 $500,000 $200,000  

Variable expenses  150,000  200,000  145,000  

Contribution margin 150,000  300,000  55,000  

Fixed expenses  120,000  230,000  95,000  

Net income          $ 30,000 $70,000  $(40,000)  

Fixed expenses consist of $300,000 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $30,000 (Tingler), $80,000 (Shocker), and $35,000 (Stunner). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model is phased out.  James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company.

1. Compute current net income for Crawley company

2. Compute net income after dropping the stunner line model

Answer:

1. Current net income = $60,000

2. net income  = $40,000

Explanation:

See the attached file for the calculation

Answer:

                                                  January    February    March    Total

Beginning Cash Balance          3,100        3,100          3,100      9,300

Cash Receipts                           22,500     28,000      42,500   93,000

Cash Available                          25,600     31,100        45,600   102,300

Cash Payments:

All Expenses except interest   32,000     33,000      38,000    103,000

Interest                                      0               87               134           221

Total Cash Payments               32,000     33,087       38,134      103,221

Ending Cash Balance before   (6,400)      (1,987)        7,466       (921)

Financing

Minimum Cash Balance Desired  (3,100)    (3,100)     (3,100)     (9,300)

Projected Cash Excess (Deficiency) (9,500)   (5,087)   4,366    (10,221)

Financing:

Borrowing                            9,500        5,087            -             14,587

Principal Payments               0               0               (4,366)        (4,366)

Total effects of Financing   9,500        5,087       (4,366)        10,221

Ending Cash Available        3,100        3,100         3,100          9,300

It is mentioned that the company will raise the exact amount of deficiency at the beginning of next month so any deficiency in January will be raised on 1st of February and any excess cash will be used to repay the principal amount.

Interest = Amount raised * Rate * Month

Interest due in Feb. = 9,500(Raised) * 14% * 1/12 months

Interest due in Feb. = 9,500(Raised) * 0.14 * 1/12 months = $110.83

Interest Due in March = (9,500+5,087) * 14% * 1/12 months

Interest Due in March = 14,587 * 0.14 * 0.083 months = $169.5

Answer:

Employee orientation

Explanation:

Employee orientation is a systematic approach used by organizations to provide relevant information to new recruits so that they can familiarize themselves with the new environment. This process exposes them to the organizational culture, norms, codes of conduct as well as their work colleagues. This process not only allows employees to work more efficiently and faster by providing them with all the relevant background information to begin their job but also makes them feel valued and provides a sense of belongingness.

Answer:

(A) Record the Total Costs of the plant assets.

Transaction           General Journal           Debit        Credit      

1                                    Land                  477000                          

                              Dismantling cost           40700      

                                   Leveling cost           60165      

                              Construction cost           1535600      

                             Lighting & Paving Area   96932      

                                    Cash                                         2210397

Note:        

1. According to IAS 16 Cost of asset consists of expense which has endurs future economic benefit.  

2. Cost of Asset includes construction cost ,development cost , Dismantling cost and lighting & paving area etc.

Final answer:

To record Cala Manufacturing's expenditure on the new plant, the accounting journal entry would debit Land for $577,865, Buildings for $1,535,600, and Furniture and Fixtures for $96,932. Credit would be made to Cash for the total sum of $2,210,397.

Explanation:

To record the costs incurred by Cala Manufacturing for its new plant construction and related expenses, a single journal entry would be made in their accounting system. This includes the purchase of land, site preparation costs, construction costs of the new building, and costs for lighting and paving a parking area.

The journal entry would follow this format:

Answer:

Encourage the top echelon of the management focus on strategic decisions.

Explanation:

To begin, Decentralization is one of the tools of management aimed at delegating tasks to the lower level of staffs. Decision in an organization is often at:

1. Strategic level

2. Tactical level

3. Operational level

Strategic decisions are often reserved for the top management. However, being the top management, they are responsible for the activities done at all levels of decision taking. Hence, decentralization has become a tool through which management delegate otherwise important functions to trusted and competent staff.

Now, with the decentralization, Matt now has more time to review proposed new joint venture - a strategic function, with one of the business partners. This is one of the advantages of decentralization, as a competitive advantage has thus been created in the time and resources used in reviewing the new joint venture.

Answer:

It encourages top level management to concentrate and focus on strategic and profitable decisions.

Explanation:

As organizations expand, decentralization becomes very necessary and crucial. This is because responsibilities increase for top managers/group of managers who run the entire organization as a result of increase in products and services offered by the organization.

As organizations expand, the need for strategic decision-making for organization's progress increases. As decentralization plays in,

1. it helps to make quicker strategic decisions

2. develops performance measures

3. it motivates local managers who are given more responsibility and the control necessary to manage their responsibility

4. it helps to refocus top management on issues important to specific segment and on broader organization-wide issues.

5. it increases expertise as local managers who have expertise are delegated with decision-making authority in specific products.

As decentralization and responsibility accounting played in, Matt and one of the firm's business partners now had more time to strategically plan and make profitable decisions for the proposed new joint venture.