The not-for-profit organization Accountants Rule has a mission to promote the accounting profession in the local community.

It is heavily supported by local accounting firms and businesses seeking to increase the number of individuals entering the profession.

Following is the pre-closing trial balance for the organization:

Debit Credit
Cash and cash equivalents $985
Investments 2,605
Pledges receivable 830
Allowance for uncollectable pledges $35
Accounts payable and accrued liabilities 1,090
Unrestricted net assets 1,267
Temporary restricted net assets 2,148
Contributions unrestricted 3,460
Contributions temporarily restricted 1,720
Interest income-unrestricted 55
Net assets released-satisfaction of program restriction, unrestricted 1,850
Net assets released-satisfaction of program restriction, temporarily restricted 1,850
Outreach expenses 2,800
College recruitment expense 1,955
Management and general expenses 425
Fund raising expenses 175
Total $11,625 $11,625
Required:

In good form, prepare a Statement of Activities for the organization for the year ended December 31, 2017.

Answer:

Strategic management can be defined as the correct management of the resources of a certain organization, whose objective is to achieve the proposed goals. This means having very clear business objectives, analyzing the competition, internally analyzing the internal organization, having clear strategies and having them carried out by the administration in the business organization.

In order to achieve the established objectives, certain aspects must be taken into account, such as the business culture, the skills of all employees and the organizational structure of the company. Companies that do not conform to these characteristics may have some difficulties and problems to achieve business success.

Lower-level managers or employees can have a significant influence in establishing and implementing business strategies, although in the end, top management is responsible for applying business strategies.

Organizational leaders need to be responsible for learning from past strategies and examining their business environment, in search of other strategies. Excellent strategic management is paramount to have an overall perspective, both internal and external.

Explanation:

Strategic management is essential for organizational success, encompassing planning, execution, and monitoring of strategies to meet goals and missions. It ensures financial and management stability, fosters strategic thinking, and enhances the ability to handle pressure and challenges in the business environment.

Strategic management is a comprehensive approach to planning, implementing, monitoring, and analyzing an organization's strategies to achieve its goals and fulfill its mission. It serves as a fundament for decision-making processes, directing organizations towards sustainable growth and competitive advantage.

The importance of strategic management lies in its capacity to guide companies through a constantly changing business environment. By analyzing the organization's overall financial position and comparing it to peer organizations, strategic management provides insights into how operations and policies can be adjusted to strengthen financial positions and manage liabilities effectively.

Moreover, strategic management emphasizes the importance of keeping management issues in perspective. It provides strategies to prevent or remedy problems, ensuring that management challenges do not derail the organization's objectives. The integration of management and organization, along with a detailed financial plan, further illustrates how strategic decisions underpin the structural and financial stability of a company.

In conclusion, strategic management is critical to the success of any organization as it encompasses planning, executing, and monitoring strategies essential for meeting goals and fulfilling the mission. This structured approach not only addresses financial and managerial aspects but also emphasizes strategic thinking and the ability to work under pressure, making it indispensable for surviving and thriving in today's complex business world.

Answer:d

Explanation:

Answer:

A. $297,950

B. $275,000

C. $22,950

D. $1,517,750

E. $1,500,000

F.$26,150

G. $1,517,750

H. $1,500,000

I. $17,750

J. $6,925,550

K. $6,920,000

L. $17,750

Explanation:

The completed budget of Garland has been well scripted and attached for your review.

Answer:

$7,300 loss

Explanation:

The computation of the net foreign exchange gain or loss included in the income statement is shown below:

Since the merchandise purchased value is $62,900

And, the paid amount is $53,200

So, the gain on transaction is

= $62,900 - $53,200

= $9,700

The borrowed amount is $305,000

And, the principal amount is $322,000

So, the loss is

= $305,000 - $322,000

= $17,000 loss

So in this case $7,300 loss is included which is a difference of $9,700 and $17,000

Answer:

A. The depreciation are been issued in reals and the interest as well as the principle are both being paid in reals. Although $ is actually the problem because that is where all the risk lies due to the fact that It will take more dollars to pay back compared to the real

B)

1.Brazilian = $69,225,000

2.Percentage cost -65.4%

C1. Brazilian $60,705,000

2)Percentage cost - 69.6%.

Explanation:

A. The depreciation are been issued in reals and the interest as well as the principle are both being paid in reals. Although $ is actually the problem because that is where all the risk lies due to the fact that It will take more dollars to pay back compared to the real.

B)

1.Brazilian 200M x (1.065) x 0.325

= $69,225,000

2.Percentage cost = ($69,225,000 - $200,000,000) / 200m

=-$130,775,000/$200,000,000

= -65.4%

C

1. Brazilian 200M x (1.065) x 0.285

= $60,705,000

2)Percentage cost = ($60,705,000 - $200,000,000) / $200M

=-$139,295,000/$200,000,000

= -69.6%.

Answer:

0.1609 and 0.8391

Explanation:

The computation of the weight required to compute the  firm's weighted average cost of​ capital is shown below:

For Weight of debt

= (Short-term debt + Long-term debt) ÷ (Total Capital )

= ($2,600 + $4,246) ÷ ($42,557)

= 0.1609

For weight of equity

= Common Equity ÷ Total Capital

= $35,711 ÷ $42,557

= 0.8391

We simply divide the debt with its total capital so that the weight of capital structure could arrive

Answer:

$13.33

Explanation:

Test A

Charging rate                      $65

Variable cost                        ($25)

Contribution margin             $40

Contribution margin per machine hour $40/3=$13.33

The contribution margin per hour of machine time for Test A is $13.33.

The contribution margin per hour of machine time for Test A is calculated by subtracting the variable cost per unit from the charging rate per unit and then dividing by the machine hours required for Test A.

First, calculate the contribution margin for Test A:

Contribution Margin for Test A = Charging Rate for Test A - Variable Cost for Test A

Contribution Margin for Test A = $65 - $25

Contribution Margin for Test A = $40

Now, calculate the contribution margin per machine hour for Test A:

Contribution Margin per Machine Hour for Test A = Contribution Margin for Test A / Machine Hours for Test A

Contribution Margin per Machine Hour for Test A = $40 / 3 hours

Contribution Margin per Machine Hour for Test A = $13.33 per hour

Answer:

Today the stock should sell for $59.16

Explanation:

The three stage growth model of Dividend discount model approach will be used to calculate the price of this stock today. The DDM bases the value of the stock today based on the present value of the expected future dividends that the stock will pay. The price per share today of this stock under the DDM model will be,

P0 =  2 * (1+0.2) / (1+0.105)  +  2 * (1+0.2) * (1+0.12)  /  (1+0.105)^2  +  

2*(1+0.2)*(1+0.12)^2 / (1+0.105)^3 +

[(2 * (1+0.2) * (1+0.12)^2 * (1+0.06) / (0.105-0.06))  /  (1+0.105)^3 ]

P0 = $59.16

Answer:

The correct answer is $6,283 .

Explanation:

As per the data given in the question,

Sales = 2,185 × $4.8

= $10,488

Variable cost = 2,185 × $1.00

= $2,185

Contribution = Sales - Variable cost

= $10,488 - $2,185

= $8,303

Fixed cost = $2,030 per week

We can calculate the profit by using following formula:

Profit = Contribution - Fixed cost

By putting the value in the formula, we get

= $8,303 - $2,020

= $6,283

Answer:

Break-even point (units)=40,000 units

Explanation:

Giving the following information:

Frames have a contribution margin per unit of $6.00 and hanger has a contribution margin per unit of $11.00. Wall-E has annual fixed costs of $290,000 units.

We need to calculate the break-even point in units for the whole company.

Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio

Weighted average contribution margin ratio= (6*0.75) + (11*0.25)

Weighted average contribution margin ratio= 7.25

Break-even point (units)= 290,000/7.25

Break-even point (units)=40,000 units

Answer and Explanation:

The computation is shown below:

a) Bad debt expense is

= $12,420,000 ×  3 ÷ 4 of 1%

= $93,150

b) Bad debt expense is

= Estimated doubtful accounts + debit balance of allowance account

= $47,400 + $14,800

= $62,200

c) Bad debt expense is

= $12,420,000 × 1 ÷ 2 of 1%

= $62,100

d) Bad debt expense is

= Estimated doubtful accounts - credit balance of allowance account

= $44,000 - $5,300

= $38,700

We simply applied the above formulas

Answer:

b.True

Preferred Stock as their name suggest comes first in the dividend distribution.

If it makes no purchase of the new shares then, their investment will decrease to $76,800 as the market value no longer is $48 per share

This is an example of dilution that is, the decrease in both, business participation and also, value of the investment as new shares are issued the older investor will take a hit in their participation if they don't purchase additional shares in the new issuances

Explanation:

2,000 shares x $38.40 = 76,800

Answer:

Given data in the problem statement is

SST=6724.125

incremental in x1=0.5906

Incremental in x2=0.498

no of observations=10

This is the model of clustering in unsupervised machine learning as model will interpret this model as true or false only.

Answer:

Rapid elasticity.

Explanation:

Cloud computing is defined as an on demand available computer service, that focuses on data storage.and computing. It is not managed by the user.

Rapid elasticity is the ability to scale the services being used by an entity in cloud computing. There is ability to scale up or scale down on cloud service usage.

In this instance there was a scaling up when you added five new user accounts to your CRM (customer relationship management) software subscription, a service that is hosted in the cloud.

Answer:

B. there is a movement up along the demand curve to a smaller quantity demanded.

Explanation:

Based on the laws of demand, if the price of the good rises the quantity demanded of that good would be reduced keeping other things constant and if the price of the good declines the quantity demanded of that good would be raised keeping other things constant.

It represents the inverse relation between the price and the quantity demanded of the good

Therefore the quantity demanded get decreased with the price

The law of demand states that when the price of a good rises, the quantity demanded decreases. Option B is the correct answer as it describes the movement along the demand curve to a smaller quantity demanded.

The law of demand states that when the price of a good rises, the quantity demanded decreases. This means that as the price increases, people are less willing and able to purchase the good.

Option B is the correct answer. When the price of a good rises, there is a movement up along the demand curve to a smaller quantity demanded. This is because the higher price reduces the quantity that consumers are willing to buy.

For example, if the price of a pizza increases, people might choose to buy less pizza or substitute it with a different food item.

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Answer:

Option (a) is correct.

Explanation:

Given that,

Price index in the year 2004 = 110

Price index in the year 2005 = 120

Price index in the year 2006 = 125

Inflation rate refers to the rate at which the prices of goods increases from one year to the other.

Consumer price index indicates the inflation in a particular year.

Inflation between 2004 and 2005:

= (Price index in the year 2005 - Price index in the year 2004) ÷ Price index in the year 2004

= (120 - 110) ÷ 110

= 10 ÷ 110

= 0.0909 or 9.09%

Inflation between 2005 and 2006:

= (Price index in the year 2006 - Price index in the year 2005) ÷ Price index in the year 2005

= (125 - 120) ÷ 120

= 5 ÷ 120

= 0.0417 or 4.17%

Therefore, the inflation between 2004 and 2005 is higher than the inflation between 2005 and 2006.

Final answer:

The economy indeed experienced inflation between 2004 and 2005 and between 2005 and 2006, making the correct answer option a.

Explanation:

Suppose the price index was 110 in 2004, 120 in 2005, and 125 in 2006. The correct statement regarding this situation is: The economy experienced inflation between 2004 and 2005 and between 2005 and 2006.

Inflation denotes the increase in the price level over a period. Comparing the price indexes provided: from 110 in 2004 to 120 in 2005 indicates an increase in the price level, thus inflation. Similarly, the increase from 120 in 2005 to 125 in 2006 also signifies inflation. Therefore, option a is correct.

It is incorrect to assert that inflation was negative between any of the years mentioned, as the price index continuously rose, indicating positive inflation rates throughout the period. Moreover, the statement about the inflation rate being higher in one period compared to the other is not supported without calculating the specific yearly rates of inflation.

Answer:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

Explanation:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

(Accrued Interest = 468,000 x 6% x 4/12)

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

(Bond interest expense = $468,000 x 6% x 6/12)

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

Answer:

Accounting rate of return is 6%

Explanation:

The new machine  would cost $108,000 minus the trade-in  value of the old machine i.e $108,000-$9500=$98,500.00  

The annual profit =Savings of operational costs on the old machine-costs of operating the new machine-depreciation

Costs of operating the old machine is $41,830

Costs of operating the new machine is $25,720

annual depreciation on the new machine=($108,000-$6,000)/10=$10,200

annual profit=$41,830-$25,720-$10,200=$5,910

Accounting rate of return=annual profit/average operating assets

accounting rate of return=$5,910/$98,500=6%

When Thomson Co. issued $1,200,000 of bonds, they made a journal entry debiting Cash and crediting Bonds Payable. Interest payments are recorded by debiting Interest Expense and crediting Cash, and accrued interest is recorded by debiting Interest Expense and crediting Interest Payable.

A company like Thomson Co. can raise funds for operations or expansion by issuing bonds, which are debt securities. On May 1, Thomson Co. issued $1,200,000 of 10-year, 12% bonds at face value, meaning the bonds were sold for exactly what they are worth, and not at a premium or discount. To Journalize the issuance of the bonds, the entry on May 1 would be to debit Cash for $1,200,000 and credit Bonds Payable for $1,200,000, reflecting the receipt of cash in exchange for the obligation to pay back the bondholders in the future.

On November 1, when the first interest payment is due, Thomson Co. will make a payment of 12% annual interest on $1,200,000 for six months (from May to November), which equals $72,000 in interest (1,200,000 x 0.12 x 6/12). The entry to record this interest payment would be to debit Interest Expense for $72,000 and credit Cash for $72,000.

Finally, on December 31, Thomson Co. needs to record the accrued interest for two months (November and December), which amounts to $24,000 (1,200,000 x 0.12 x 2/12). The journal entry for the accrued interest would be to debit Interest Expense for $24,000 and credit Interest Payable for $24,000. This ensures that the financial statements reflect the expense incurred during the current year, even though the payment will be made the next year.

Answer:

$114,000

Explanation:

The computation of the residual income is shown below:

As we know that

Residual Income = Net operating Income - Average Operating assets × Required rate of return

where,

Net Operating Income is

= Sales Revenue - Variable Costs - Fixed Costs

= $500,000 - $300,000 - $50,000

= $150,000

And,

Average operating Assets is

= Net Operating Income ÷ Return on Investment

= $150,000 ÷ 0.25

= $600,000

So, the residual income is

= $150,000 - $600,000 × 6%

= $150,000 - $36,000

= $114,000

Answer: a. Decrease in Net Exports

b. Increase in Net Capital

c. Decrease in Net Capital.

d. Increase in Net Exports

Explanation:

a. A Decrease in Net Exports

Net Exports is Exports - Imports. In buying a Television from a foreign company, the American has imported the good. This will reduce Net Exports by the aforementioned formula.

b. An INCREASE in NET CAPITAL OUTFLOW

This is essentially Capital being invested in other countries. It increases when more is invested in other countries as opposed to less.

c. A DECREASE in NET CAPITAL OUTFLOW.

As previously stated, Net Capital Outflow increases when a country invests more in another country. Since we are looking at it from the perspective of the USA, Sony, which is not an American company, buying into such capital is considered a Decrease in Net Capital Outflow as money is coming into the US.

d. An INCREASE in NET EXPORTS

Here, a foreigner is buying goods in the USA. That translates to Export. And by the Net Export Equation, Net Exports will rise.

If you need any clarification do react or comment.

Net exports decrease when an American buys a Sony TV, while it increases when a South Korean tourist buys Sunkist oranges. Net capital outflow increases with purchase of a share in a South Korean company by an American and decreases when Sony pension fund buys a U.S. Treasury bond.

Here are the transactions and their impact:

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Answer:

The answer is $A. $900 U.

Explanation:

We have the: Total overhead variance = Overhead applied - Actual overhead in which:

+ Overhead applied = Standard hours x Overhead application rate = 3,000 x 8 = $24,000;

+ Actual overhead = Variable overhead + fixed overhead = 15,800 + 9,100 = $24,900

=> Total overhead variance = Overhead applied - Actual overhead = 24,000 - 24,900 = 900 Unfavorable as the actual overhead is bigger than the overhead applied ( planned cost is lower than actual cost incurred).

So, the answer is A.

Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard quantity per unit= 9.2 grams

Standard price= $14.70 per gram

Actual materials purchased= 5,500 grams

The actual cost of materials= $76,450

Actual materials used in production= 5,100 grams

Actual output= 540 units

To calculate the direct material variances, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 76,450/5,500= $13.9

Direct material price variance= (14.7 - 13.9)*5,500= $4,400 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 540*9.2= 4,968 grams

Direct material quantity variance= (4,968 - 5,100)*14.7= $1,940.4 unfavorable

Answer:

Weekly gross revenue = $10,669

Explanation:

Regression equation for Showtime Movie Theatre is:

Y = 2.29018X1 + 1.30099X2 + 83.23009

Where

Y= weekly gross revenue

X1= television advertising

X2= newspaper advertising

Put X1 = 3600 and X2= 1800 in avove equation.

Y= (2.29018×3600) +(1.30099×1800) +83.23009

=8,244.648 + 2,341.782 + 83.23009

= 10,669

Answer:

$125,000

Explanation:

Good worth $250,000-$125,000

=$125,000

The amount that will be reported in the financial statements for the accounts receivable due from Charles Inc is $125,000 due to the fact that On June 10, 2017 goods worth $250,000 where sold to Charles Inc and On June 19, 2017, David received payment for 1/2 of the amount due from Charles Inc which makes us to arrived at $125,000 which is the 1/2 of $250,000 then less the actual amount which is $2,50,000 which in turn make us to arrived at $125,000 as the answer.

(1/2×$250,000)=$125,000

THE RETURN ON INVESTMENT FOR GERRY WILL BE

Explanation:

TO CALCULATE RETURN ON INVESTMENT :

PURCHASE VALUE WILL BE TAKEN AS $30×100= 3000

DIVIDEND =$0.30×100

                = $30

INTEREST PAID = $ 45

SALE PRICE = $34*100

                    = $3400

TOTALRETURN WILL BE CALCULATED AS SALES MINUS PURCHASE AND ADDING DIVIDEND AND SUBTRACTING INTEREST PAID WHICH IS = $3400-$3000+$30-$45= $385

NOW WE WILL CALCULATE CAPITAL INVESTMENT WHICH IS =[tex]\frac{TOTAL RETURN}{CAPITAL INVESTMENT}[/tex] = [tex]\frac{385}{2100}[/tex] × 100=18.33%

OUR ACTUAL CAPITAL INVESTMENT IS 70%×3000 = $2100.

The percentage return is 18.33%.

Amount invested is

= 30 × 100 × 70%

= $2,100  

Now

Total return is

= (100 × 0.3) + 100 × (34 - 30) - 45

= 385

Now finally

Return on invested capital is

= 385 ÷ 2100

= 18.33%

Therefore we can conclude that the  percentage return is 18.33%.

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Answer:

d. rocking chairs will be overcosted.

Explanation:

Since in the given situation, if the company automates the production of straight-back chairs so the direct hours of straight back chairs will be decreased and the rocking chairs would remain constant and we assume that overall overhead remain the same

In addition, Overall Direct working hours would minimize the proportion of Direct rocking chair working hours in total direct working hours. As a result, the overhead allocation to the Rocking chair would also increase on the basis of Direct Labor hours than before. And it would overcoat the rocking chairs.

Hence, the correct option is d.

Automating the production of straight-back chairs at Wood Company and continuing to use direct labor hours as a companywide allocation basis will result in the overcosting of rocking chairs. The correct option is d.

If the Wood Company automates the production of straight-back chairs and continues to use direct labor hours as a companywide allocation basis, the most likely impact would be to overcost the rocking chairs.

This is so because by automating the production of straight-back chairs, the direct labor hours for these chairs will decrease drastically, whereas the direct labor hours for the handmade rocking chairs remain the same.

As a result, a larger portion of the overheads based on direct labor hours will be assigned to the rocking chairs, making them appear more costly than they actually are. Hence, option 'd. rocking chairs will be overcosted' is the correct one. The correct option is d.

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Answer:

Profit under flexible budget =  $1,266,000  (please  budget below)                                                

Explanation:

Flexible budget is that which is that which recognizes the cost behavior and is used for control purpose. It is prepared based on the actual level of activity achieved using the assumptions of the static budget.

So we will prepare a flexible budget for Western Company for 240,000 units using the assumption of the static budget.

                                Flexible Budget

                                                                                 $

Sales Revenue    (240,000× $9.40) =               2,256,000  

Variable cost      (240,000×  $3.00) =               ( 720,000 )

Contribution                                                          1,536,000

Fixed cost                                                            (270,000)

Profit                                                                  1,266,000

A flexible budget adjusts with the volume of activity. For Western Company, based on 240,000 units sold at $9.50 each, factoring in costs, the operating income is $1,110,000.

To prepare a flexible budget for Western, we need to remember that a flexible budget adjusts with the volume of activity (sales units in this case). Our budget will be based on the actual level of activity, which is 240,000 units.

Here's the step-by-step process:

So based on these calculations, the flexible budget for Western Company is as follows: Total revenue of $2,280,000, total costs of $1,170,000 (including variable and fixed), and a resulting operating income of $1,110,000.

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Answer:

C. The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings

Explanation:

Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semiannually. Assume the bonds have been assigned credit ratings of BBB (stable outlook) by Standard and Poor's, Baa2 (stable outlook) by Moody's, and BBB (stable outlook) by Fitch.

Which of the following is not true? The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings.

Answer:

The answer is attached;

Explanation: