Answer:
a. debiting Cash and crediting Sales Revenue.
Explanation:
Double entry system of accounting requires posting of two legs for every transaction. That is the debit and credit legs.
Asset and expense accounts increase by debitting their balance while revenue accounts increase through credit.
When sales revenue is received as cash there is an increase in cash (an asset) and an increase in sales revenue too (a revenue account).
So we will debit cash to indicate an increase and credit sales revenue to indicate an increase in revenue
CSUN Corp. reported EBITDA of $2,767,000 for the fiscal year ended December 31, 2019. During the same period, the company had $189,000 in interest expense, $596,000 in depreciation and amortization expense, and an average corporate tax rate of 25 percent. What was the cash flow to investors from operating activity (CFOA) during 2019
Answer: $2,271,500
Explanation:
Cash flow to investors is:
= EBITDA - Taxes
Taxes = (EBITDA - Depreciation - Interest) * tax rate
= (2,767,000 - 596,000 - 189,000) * 25%
= $495,500
Cash flow to investors from operating activities is:
= 2,767,000 - 495,500
= $2,271,500
contractor decided to bid for a major commercial project. The total price of her bid is $10 million. Estimate the total cost of estimating and preparing the bid proposal.
Answer: $150,000
Explanation:
The total cost of estimating and preparing the bid would normally fall between 1% and 2% of the total price of the bid.
It would therefore be best to use an average rate of these:
= ( 1 + 2) / 2
= 1.5%
The estimate will therefore be:
= 1.5% * 10,000,000
= $150,000
viết lý do chọn đề tài hay về chiến lược xúc tiến của công ty grab
Answer:
đồ án phân tích việc thực hiện chiến lược marketing của Grab tại Việt Nam ... soát ... lược giá (Price) 18 1.3.3 Chiến lược phân phối .20 1.3.4 Chiến lược Xúc tiến hỗn ... lược cấp công ty Tổng tài sản Grab Singapore 2014 - 2015 Doanh thu Grab ... lý Trong trình học tập hướng dẫn thầy Đỗ Thanh Tùng em hoàn thành đề tài .
Computing and Assessing Plant Asset Impairment
On January 1, Zeibart Company purchases equipment for $225,000. The equipment has an estimated useful life of 10 years and expected salvage value of $25,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $90,000. On this date, Zeibart examines the equipment for impairment and estimates undiscounted expected cash inflows from this equipment of $125,000
(a) Compute the annual depreciation expense relating to this equipment.
(b) Compute the equipment's net book value at the end of the fourth year.
(c) Apply the test of impairment to this equipment as of the end of the fourth year. Is the equipment impaired?
Answer:
a. Depreciation expense = (Cost - Salvage value / Useful life
Depreciation expense = ($225,000 - $25,000) / 10 years
Depreciation expense = $20,000
b. Equipment's net book value = Cost of equipment - Depreciation for 4 years
Equipment's net book value = $225,000 - ($20,000 * 4)
Equipment's net book value = $225,000 - $80,000
Equipment's net book value = $145,000
c. When the sum of undiscounted expected cash flows < Net book value of asset, then the asset is impaired
Here, $125,000 < $145,000. So, the equipment is impaired.
Impairment loss = Net book value of asset - Fair value of asset
Impairment loss = $145,000 - $90,000
Impairment loss = $55,000
Mariott Condominium, located near San Diego, California, plans to renovate its main building. The project will begin April 1, and the goal is to complete by August 1 (in 17 weeks). The condominium manager identifed the renovation activities and their estimated time below.
a) Draw a project network. You may want to draw on paper then do it here by connecting the given nodes with arcs (i.e, arrows). You might not use all of the given arcs.
b) What are the critical activities?
c) What activity has the most slack time?
d) Will the project be completed by August 1?
Answer:
7
Explanation:
because
Martin used his credit card to buy a new bike. Which statement is true?
Answer: A.
Explanation: egde 2021
Answer: A, he borrowed money
Explanation:
Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs
3,300 $168,000
1,300 108,000
2,390 149,040
a. Determine the variable cost per unit and the total fixed cost.
b. Based on part (a), estimate the total cost for 1,660 units of production.
Answer:
Ziegler Inc.
a) The variable cost per unit = $60
b) The total fixed cost = $30,000
c) The total cost for 1,660 units = $129,600
Explanation:
a) Production Data and Calculations:
Units Total
Produced Costs
3,300 $168,000
1,300 108,000
2,390 149,040
High-low method:
High 3,300 $168,000
Low 1,300 108,000
Diff. 1,000 $60,000
Variable cost = $60 ($60,000/1,000)
Fixed cost = $30,000 ($108,000 - ($60 * 1,300)
Total cost for 1,660 units:
Variable costs = $99,600 ($1,660 * $60)
Fixed cost = 30,000
Total costs = $129,600
You are planning to make monthly deposits of $490 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years
Answer:
$1,107,639.08
Explanation:
The amount in future of the dollar invested today is known as the Future Value (FV) . We compound the payments or principle amount to determine the future value using the effective interest.
Using a financial calculator, this can simply be calculated as follows :
PMT = - $490
P/YR = 12
I = 10 %
N = 30 x 12 = 360
PV = $ 0
FV = ??
The Future Value (FV) is $1,107,639.08
therefore
The retirement account will be $1,107,639.08 in 30 years
Suppose the European and Japanese economies succumb to a recession and reduce their demand for U.S. goods for several years. Using AS/AD framework, explain the macroeconomic consequences of this shock, both immediately and over time.
The Wildhorse Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.484 million, cost of goods sold of $803,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity.
Answer: $535,251.25
Explanation:
Cash flow to investors from operating activities is calculated by:
= EBIT + Depreciation - Taxes
EBIT = Sales - Cost of goods sold - Depreciation
= 1,484,000 - 803,000 - 175,000
= $506,000
Taxes = Tax rate * (EBIT - Interest)
= 35% * (506,000 - 89,575)
= $145,748.75
Cash flow to investors = 506,000 + 175,000 - 145,748.75
= $535,251.25
Torque Corporation is expected to pay a dividend of $1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5% and the expected return on the market portfolio is 13%. The stock of Torque Corporation has a beta of 1.2. Torque's stock price is
Answer:
The answer is "[tex]\$11.62 \ (approx)[/tex]"
Explanation:
Using formula:
[tex]\text{Required return=risk free rate}+\text{beta}\times \text{(market rate-risk free rate)}[/tex]
[tex]=5+(13-5) \times 1.2\\\\=14.6\%\\\\\text{Intrinsic value}=\frac{D_1}{\text{(Required return-Growth rate)}}\\\\= \frac{1}{(0.146-0.06)}\\\\= \frac{1}{(0.140)}\\\\=\$11.62\ (Approx)[/tex]
Burkhardt Corp. pays a constant $15.25 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever. If the required return on this stock is 9.2 percent, what is the current share price
Answer:
$90.69
Explanation:
Current share price can be determined by calculating the present value of the cash flows
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 to 9 = 15.25
I = 9.2
PV = 90.67
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Briggs Company has operating income of $36,000, invested assets of $180,000, and sales of $720,000. Use the DuPont formula to compute the return on investment and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment
Answer:
a. 5 %
b. 4.00
c. 20 %
Explanation:
(a) the profit margin,
profit margin = Net Income / Sales x 100
= $36,000 / $720,000 x 100
= 5 %
(b) the investment turnover, and
investment turnover = Sales ÷ Total Assets
= $720,000 ÷ $180,000
= 4.00
(c) the return on investment
return on investment = Net Income ÷ Total Assets
= $36,000 /$180,000 x 100
= 20 %
Write the president (me) a memo explaining your reasoning and suggest a new pricing strategy. (You can decide what kind of business we’re in)
Answer:
To: President
From: General Manager Finance
Subject : Pricing strategy for existing products
Date : 20th June 2021
As you are aware about the declining sales of our various products. The main reason identified by our sales and marketing analysts for the declining sales is over pricing of various products. There have been increase competition in the market and new entrants have adopted strategy of economies of scale which enable them to sell the product at low price and gain market share. There we need to cut our costs and then reduce our profit margin to boost sales of our products. We can be profitable from volume sales strategy.
If you need to discuss further on this matter, we can arrange a meeting with head of different department to discuss the business strategy in more detail.
The following transactions are for Marin Company. 1. On December 3, Marin Company sold $492,200 of merchandise to Cullumber Co., on account, terms 2/10, n/30. The cost of the merchandise sold was $325,100. 2. On December 8, Cullumber Co. was granted an allowance of $22,900 for merchandise purchased on December 3. 3. On December 13, Marin Company received the balance due from Cullumber Co.a. Prepare the journal entries to record these transactions on the books of Oriole Company. Oriole Company uses a perpetual inventory system.b. Assume that Oriole Company received the balance due from Cullumber Co. on January 2 of the following year instead of December 13. Prepare the journal entry to record the receipt of payment on January 2.
Answer and Explanation:
The journal entries are shown below:
On Dec 3
Account receivable Dr $492,200
To Sales Revenue $492,200
(being the goods sold on credit)
Cost of goods sold Dr $325,100
To Inventory $325,100
(being the cost of the merchandise is recorded)
On Dec 8
Sales Returns and Allowances $22,900
To Accounts Receivable $22,900
(Being the sales return & allowance is recorded)
On Dec 13
Cash $459,914
Sales Discounts (2% of $469,300) $9,386
To Accounts Receivable ($492,200 - $22,900) $469,300
(being cash receipt is recorded)
On Jan 2
cash Dr ($492,200 - $22,900) $469,300
To account receivable $469,300
(being cash receipt is recorded)
As a manager of a medium sized manufacturing organization, you have noticed productivity has steadily gone down recently. You have made a study and discovered the team is lacking motivation. Invoking any two theories you have learnt explain how you would go about re-energizing the workers to regain and even surpass the previous levels of productivity.
Answer: give them bonuses for work complete.
Explanation:people like money
n June, one of the processing departments at Football Corporation had beginning work in process inventory of $12,700. During the month, $433,000 of costs were added to production and the cost of units completed and transferred out from the department was $411,000. In the department’s cost reconciliation report for January, the cost of ending work in process inventory for the department would be:
Answer:
$34,700
Explanation:
Calculation to determine what the cost of ending work in process inventory for the department would be:
Using this formula
Cost of ending work in process inventory=Beginning work in process inventory +Costs added to production-Units completed and transferred out
Let plug in the formula
Cost of ending work in process inventory=$12,700+$433,000- $411,000
Cost of ending work in process inventory=$34,700
Therefore the cost of ending work in process inventory for the department would be: $34,700
A company produces two products, A and B, which have profits of $9 and $7, respectively. Each unit of product must be processed on two assembly lines, where the required production times are as follows. Product Hours/Unit Line 1 Line 2 A 12 4 B 4 8 Total hours 60 40 a) Formulate a linear programming model to determine the optimal product mix that will maximize profit. b) Transform this model into standard form.
Answer:
Following are the solution to the given question:
Explanation:
The decision variable of the green is defined in the given graph:
unit production of [tex]A = X_1[/tex]
unit production of [tex]B = X_2[/tex]
The objective function of the yellow is defined in the given graph:
maximize profit:
[tex]\to 9X_1 + 7X_2[/tex]
Using the excel: [tex]C10 = SUM(C8:C9)[/tex]
Constraints:
1)
For Line 1: maximum 60 hours
[tex]\to 12X_1 + 4X_2 \leq 60, \ \ in \ excel: D4 \leq 60[/tex]
2)
For Line 2: maximum 40 hours
[tex]\to 4X_1 + 8X_2 \leq 40, in\ \ excel: F4 \leq 40[/tex]
3) [tex]X_1,X_2 \geq 0[/tex]
by solve the value we get [tex]X_1 = 4, X_2 = 3,[/tex] maximum profit [tex]= 57[/tex]
For point b:
[tex]maximize: 9X_1 + 7X-2\\\\subject\ \ to:\\\\12X_1 + 4X_2 \leq 60\\\\4X_1 + 8X_2 \leq 40\\\\X1,X2 \geq 0[/tex]
Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations 2 years ago and Roak started 5 years ago. In the current year, both companies pay 7% interest on their debt to creditors. The following additional information is available. Roak Company Clay Company Current Yr 1 Yr Ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs Ago Total asset turnover 4.6 4.3 4.5 3.0 3.0 2.6 Return on total assets 9.0% 12.6% 13.2% 5.9% 5.6% 5.3% Profit margin ratio 3.9% 4.0% 3.8% 5.8% 6.0% 5.9% Sales $485,000 $455,000 $471,000 $285,000 $245,000 $185,000 1. (a) Which company has the better profit margin
Answer: Clay Company
Explanation:
Based on the information given, the current, previous year and two previous years beforehand profit margins of Clay company are greater than the corresponding profit margins of Roak company.
This means that Clay company has a better profit margin and shows that they retain a higher percentage of their revenue after costs are taken out as opposed to Roak company.
The Merchandise Inventory account on a classified balance sheet is reported in the: Multiple choice question. current assets section plant assets section long-term investments section intangible assets section
Answer: Current Assets section
Explanation:
Merchandise inventory is a current account because it is expected that the inventory will be sold off during the period and won't go into the other period. It will therefore be placed in the current assets section.
As a current asset, when new inventory is purchased, the merchandise inventory account id debited to show that it has increased and when inventory is sold, the account is credited to show its decrease.
Answer: The Merchandise Inventory account on a classified balance sheet is reported in the: current assets section.
Explanation: read blue highlight in attachment
Second Company's preferred stock is 8%, cumulative. A provision of the stock agreement specifies that the stock must be redeemed at face value in five years. Required It appears that the loan payable of First Company and the preferred stock of Second Company are very similar. What are the differences between the two securities
Answer and Explanation:
In a normally way, the loan payable for the first company and the second company preferred stock displayed very same to each other but still has some differences that are as follows:
a. The loan payable is the liability where the company is bound to pay together with the interest within the prescribed time period
b. The dividend is an expense that could arise at the time when the dividend is declared
c. There is no liability when the dividend until declared but in the case of the interest, the liability arise as soon when the loan is given
d. The loan payable should be the right that against the assets but for the same there is no right provided to the shareholders until the company declared the dividend
Dmitri loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during its fundraising drives. Economists would call Dmitri a . True or False: The government cannot solve the problem caused by people like Dmitri. True False True or False: The private market can solve this problem by broadcasting Downton Abbey on cable TV, since then the good would be excludable and thus no longer a public good. True False
MC Qu. 123 The ending inventory of finished... The ending inventory of finished goods has a total cost of $9,800 and consists of 700 units. If the overhead applied to these goods is $3,726, and the overhead rate is 81% of direct labor, how much direct materials cost was incurred in producing these units
Answer:
$5,200
Explanation:
Given the above information,
Direct labor = $3,726 / 0.81 = $4,600
But,
Total cost = Direct material + Direct labor + Overhead
Fixing the values, we'll have
$9,800 = Direct materials + $4,600 + $3,726
Direct materials = $9,800 - $4,600
Direct materials = $5,200
Therefore $5,200 raw materials cost was incurred in producing these units.
Bài 1: Một người vay ngân hàng $500.000, lãi suất 10%/năm. Ngân hàng yêu cầu
thanh toán cả nợ và lãi mỗi kỳ bằng nhau vào cuối mỗi năm và được trả dứt điểm trong
5 năm. Xác định số tiền thanh toán mỗi kỳ và tính khoản nợ gốc và lãi phải trả mỗi kỳ.
Spotify just paid a cash dividend of $1 per share. Investors require a 16% return from investments such as this. If the dividend is expected to grow at a steady 6 percent per year, what is the current value of the stock
Answer:
$10.60
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
1(1.06) / 0.16 - 0.06
1.06/0.10 = 10.60
If policy makers want to decrease real GDP by $100 billion and the marginal propensity to consume is 0.6, they should _____ government purchases of goods and services by _____.
a. decrease; $100 billion
b. decrease; $60 billion
c. decrease; $40 billion
d. increase; $100 billion
The ________ phase of the customer relationship management process is where organizational learning occurs based on customer response to the implemented strategies and programs.
Answer:
The analysis and refinement phase of the customer relationship management process is where organizational learning occurs based on customer response to the implemented strategies and programs.
Answer: analysis and refinement
A nonprofit organization aids the unemployed by supplementing their incomes by $5,000 annually, while they seek new employment skills. The organization has fixed costs of $200,000 and the budgeted appropriation for the year totals $700,000. How many individuals can receive financial assistance this year
Answer:
100
Explanation:
Calculation to determine How many individuals can receive financial assistance this year
Using this formula
Numbers of individuals=Total budgeted appropriation-Fixed costs/Incomes
Let plug in the formula
Numbers of individuals=700,000-200,000/5000
Numbers of individuals=500,000/5000
Numbers of individuals=100
Therefore How many individuals can receive financial assistance this year will be 100
On the product continuum, a system falls in the area of low volume and low standardization, but it is NOT at the extreme left (lowest) point. Based on this, which process is recommended for producing the system
Answer: Batch
Explanation:
Batch processing refers to the method whereby high-volume, and repetitive data jobs are being run. The batch method enables the users to be able to process data when there's availability of computing resources and there's minimal user interaction.
From the question, since the system falls in the area of low volume and low standardization, but isn't at the extreme left (lowest) point, then the batch processing is recommended.
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs
(1) $42,700 $64,200 $52,500 $enter a dollar amount
(2) $enter a dollar amount $78,100 $144,000 $298,000
(3) $57,400 $enter a dollar amount $113,000 $314,000
Answer and Explanation:
The computation of the missing amount is as follows:
As we know that
The total manufacturing cost = Direct Materials Used + Direct Labor Used + Factory Overhead
So,
(1)
= $42,700 + $64,200 + $52500
= $159,400
(2)
= $298,000 - $78,100 - $144,000
= $75,900
(3)
= $314,000 - $57,400 - $113,000
= $143,600
