Answer:$1.68
Explanation:
Assume that the Peanut Division of Trail Mix Foods wants to purchase an additional 20,000 pounds of raisins from the Raisin Division. Raisin will be able to increase its profit by accepting any transfer price above:
State 3 advantages in setting up a business in Maldives?
Answer:
1. No restrictions on sending their earning profit to their own country
2. It takes maximum of 30 days to complete the entire process of company registration in Maldives
3. The government encourages projects that are environmentally friendly
A company uses 30% common stock and 70% long-term debt to finance its operations. An increase in which one of the following will increase the capital structure weight of debt, all else equal?a. Number of bonds outstandingb. Market price of the common stockc. Book value of the outstanding shares of common stockd. Number of shares of stock outstanding
Answer:
a. Number of bonds outstanding
Explanation:
In the case when the firm wants to issue the new bonds but keeping the equity portion constant so the debt weight should increased from 70% to the higher weightage
So as per the given situation, the option a is correct as it also increased the number of outsanding bonds
Therefore the same is to be considered
Hence, the other options seems wrong
Cost of direct materials used in production $18,573 Direct labor 23,083 Factory overhead 33,632 Work in process inventory, March 1 24,104 Work in process inventory, March 31 18,188 Finished goods inventory, March 1 23,172 Finished goods inventory, March 31 26,346 a. Determine the cost of goods manufactured. $fill in the blank 1 b. Determine the cost of goods sold.
Answer:
cost of goods manufactured= $81,204
Explanation:
Giving the following information:
Cost of direct materials used in production $18,573
Direct labor 23,083
Factory overhead 33,632
Work in process inventory, March 1 24,104
Work in process inventory, March 31 18,188
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 24,104 + 18,573 + 23,083 + 33,632 - 18,188
cost of goods manufactured= $81,204
The process mapping is a
____ diagram.
Answer:
I hope u understand and thank you for your questions
Sheffield Corp. estimates its sales at 240000 units in the first quarter and that sales will increase by 24000 units each quarter over the year. They have, and desire, a 25% ending inventory of current quarter's sales in units. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at
Answer:
Sheffield Corp.
The Production in units for the third quarter should be budgeted at:
= 294,000 units.
Explanation:
a) Data and Calculations:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Sales units 240,000 264,000 288,000 312,000
Ending inventory 60,000 66,000 72,000 78,000
Units available for sale 300,000 330,000 360,000 390,000
Less Beginning inventory 0 60,000 66,000 72,000
Production units 300,000 270,000 294,000 318,000
ranson Inc. has sold product to the Brandywine Company, a major customer, for $20,000. As a courtesy to Brandywine, Branson has agreed to take a note due in two years for half of the amount due. a. What is the effective price of the transaction to Branson if the interest rate is. (1) 6%, (2) 8%, (3) 10%, or (4) 12%
Answer: See explanation
Explanation:
The effective price of the transaction to Branson based on the interest rate given will be:
1. PV = FV [PVF6,2] = $10,000(0.89) = $8,900
Therefore, $8,900 + $10,000 = $18,900
Effective Discount will be:
= (20000 - 18900) / 20000 × 100
= 1100/20000 × 100
= 0.055
= 5.5%
2) PV = FV [PVF8,2] = $10,000(0.8573) = $8,573
Therefore, $8,573 + $10,000 = $18,573
Effective Discount will be:
= (20000 - 18573)/20000 × 100
= 1427/20000 × 100
= 0.07135
= 7.135%
3) PV = FV [PVF10,2] = $10,000(0.8264) = $8,264
Therefore, $8,264 + $10,000 = $18,264
Effective Discount will be:
= (20000 - 18264)/20000 × 100
= 1736/20000 × 100
= 0.0868 × 100
= 8.68%
4) PV = FV [PVF12,2] = $10,000(0.7972) = $7,972
Therefore, $7,972 + $10,000 = $17,972
Effective Discount will be:
= (20000 - 17972)/20000 × 100
= 2028/20000 × 100
= 0.1014 × 100
= 10.14%
The practice of intentionally targeting borrowers in poor or underserved areas with expensive high-cost loans is known as:
Answer:
Reverse redlining
Explanation:
Reverse redlining means the practice that target the neighborhood specially the non-white for the greater prices or lended the non-fair terms like lending used for predatory with respect to the subprime mortgage
So as per the given situation, it is the reverse redlining as it is targetted to the borrowers or the areas having high cost loans
So, the same should be considered
During the busiest season of the year, your customer support center receives a higher call volume than planned. However, you can't hire more staff. how would you address the extra volume?
A tell your team to take their calls more quickly
B split shifts with the management team to take on some of the extra volume
C mandate that everyone on the team works overtime
Albatross Company purchased a piece of machinery for $60,000 on January 1, 2019, and has been depreciating the machine using the double-declining-balance method based on a five-year estimated useful life and no salvage value. On January 1, 2021, Albatross decided to switch to the straight-line method of depreciation. The salvage value is still zero and the estimated useful life did not change. Ignore income taxes.
Required:
a. What type of accounting change is this, and how should it be handled?
b. Prepare the journal entry to record depreciation for 2017. Show all calculations clearly.
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Answer:
Currently, the income statement for company reflects a total period cost for depreciation of $7,876,000
"On April 3, Erin Garnder received her bank statement showing a balance of $2,087.93 Her checkbook showed a balance of $1,493.90. Outstanding check were $224.15, $327.80, $88.10, $122.42, and $202.67. There was an $8.00 service charge, and the deposits in transit amounted to $813.11. There was an electronic payroll deposit of $450.00. The reconciled balance is:"
Answer:
$1,935.90
Explanation:
We prepare a Bank Reconciliation Statement to determine the reconciled balance as follows :
Erin Garnder
Bank Reconciliation Statement
Balance as per Bank Statement $2,087.93
Add Outstanding Lodgments $813.11
Less Unpresented checks
($224.15 + $327.80 + $88.10 + $122.42 + $202.67) ($965.14)
Balance as per Cash Book $1,935.90
Therefore,
The reconciled balance is: $1,935.90
Ai biết câu trả lời thì giúp mình với
Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250. This includes a brokerage commission of $1,250. The journal entry to record this investment includes a debit to
Answer: Debt investment for $61250
Explanation:
Since we are given the information that Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250, the journal entry to record this investment will be:
Dr Debt investment $61250
Cr Cash $61250
Therefore, the journal entry to record this investment includes a debit to Debt investment for $61250
Social Media Social media can be a far-reaching and impactful tool in the workplace for spreading messages to your audience, building your brand, or even communicating with employees. However, it can also be a source for leaking proprietary information, posting negative comments about a company, and other harmful communication about employees or the company. This activity is important because practices regarding social media in the workplace can be a gray area as social media usage continues to grow. It is increasingly important for managers to know and implement your company's social media rules and to make decisions regarding your employees' social media usage. The goal of this activity is to provide you with techniques for making decisions about social media in the workplace. It is brought to the attention of the Horizon Technologies project manager that one of his employees has told someone outside the company information about a proprietary product, information that was then leaked on social media. How does he handle the situation? How would you? Even though Kelly did not actively post the leaked information on social media, Don and the rest of the management team decided she was still responsible for the social media infringement because she:________
a. didn't complete the social media training
b. argued with her manager.
c. told someone information which led to the social media post.
d. was a habitually bad employee.
e. bad-mouthed the company on social media.
Answer:
C
Explanation:
because she was the one who told the information
The division of labor is another word for Group of answer choices specialization. taxes. expanding markets. efficiency.g
Hightown Electronics deposits $75,000 at the end of each 6-month period for the next 3 years, to accumulate enough money to meet debts that mature in 3 years. What is the future value that the company will have on deposit at the end of 3 years if the annual interest rate is 10%?
Answer:
$510,143.25
Explanation:
Calculation to determine the future value that the company will have on deposit at the end of 3 years
First step is to calculate the Present value (PV) using financial calculator
N = ( 3 years x 2 )=6
I/Y = ( 10% / 2 )=5%
PV = ?
PMT = -$75,000
FV = 0
Hence,
PV = $380676.91
Now let calculate Face value (FV) using financial calculator
N = 6
I/Y = 5%
PV = -$380,676.91
PMT = 0
FV = ?
Hence,
FV = $510,143.25
Therefore the future value that the company will have on deposit at the end of 3 years is $510,143.25
Harper Company lends Hewell Company $14,400 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financial statements on March 31. What adjusting entry should be made before the financial statements can be prepared
Answer:
Dr Interest Receivable $72
Cr Interest Revenue $72
Explanation:
Based on the information given the appropriate adjusting journal entry that should be made before the financial statements can be prepared will be to Dr Interest Receivable $72 and Cr Interest Revenue $72.
Dr Interest Receivable $72
Cr Interest Revenue $72
($14,400 × 6% × (1 months ÷ 12 months)]
$72
Heinz Company began operations on January 1, 2020, and uses the FIFO method in costing its raw material inventory. Management is contemplating a change to the LIFO method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed:
Final Inventory
2017 2018
FIFO $640,000 $712,000
LIFO $560,000 $636,000
Net Income
(computed under the FIFO method) $980,000 $1,030,000
Based on the above information, a change to the LIFO method in 2020 would result in net income for 2018 of ________.
a. $1,070,000
b. $1,030,000
c. $954,000
d. $950,000
Answer: $954,000
Explanation:
Thw difference in the final inventory between the FIFO and the LIFO method in 2018 will be:
= $712,000 - $636,000
= $76,000
Then, based on the above information, a change to the LIFO method in 2018 would result in net income for 2018 of:
Net income as per FIFO = $1,030,000
Less: Decrease in income = $76,000
Net income as per LIFO = $954,000
Sunglow estimates that each blocked road results in lost revenue of $4,500 per event unless all three roads are blocked. When all three roads are blocked, the estimated lost revenue is $35,000 for that day. Sunglow estimates that weather will be similar in Year 2. It can retain a snowplow service for $50,000 annually to clear blocked roads. The variable cost of operating the snowplow is $500 per day per blocked road. If Sunglow uses a snowplow service in Year 2, the estimated benefit would be
Answer:
$127,500
Explanation:
The computation of the estimated benefit is given below;
In the case when the sunglow does not applied the service in the year 2, so the loss in revenue is
= $4500 per day per road × 1 road × 16 days + $4500 per day per road × 2 roads × 10 days + $35000 × 1 day
= $72,000 + $90,000 + $35,000
= $197,000
Now in the case when it applied the service in year 2, so the expenses incurred is
= $50,000 + $500 per day per blocked road × 1 road × 16 days + $500 per day per blocked road × 2 roads × 10 days + $500 per day per blocked road × 3 roads × 1 day
= $50,000 + $8,000 + $10,000 + $1,500
= $69,500
So, the net benefit is
= $197,000 - $69,500
= $127,500
cách huy động vốn của công ty bảo hiểm
How to raise capital from an insurance company?
The shareholders of the Stackhouse Company need to elect seven new directors. There are 850,000 shares outstanding currently trading at $45 per share. You would like to serve on the board of directors; unfortunately no one else will be voting for you. How much will it cost you to be certain that you can be elected if the company uses straight voting
Answer:
The correct answer is "$19,125,045".
Explanation:
According to the question,
Number of shares,
= 850,000
Per share,
= $45
The shares needed will be:
= [tex](\frac{850,000}{2})+1[/tex]
= [tex]425000+1[/tex]
= [tex]425,001[/tex]
hence,
The total cost will be:
= [tex]425,001\times 45[/tex]
= [tex]19,125,045[/tex] ($)
LMNO Partnership has operated for several years. Currently, the partnership has the following account balances: Assets Liabilities Cash $ 100,000 Notes Payable $50,000 Land 200,000 Equity Larry, Capital $60,000 Marge, Capital 70,000 Nancy, Capital 80,000 Owen, Capital 40,000 Larry, Marge, Nancy, and Owen share equally in profits and losses. LMNO Partnership has decided to dissolve their operation. If LMNO is able to sell the land for $250,000 and uses the proceeds to pay off the Notes Payable, how much will Larry receive in return for his partnership interest
Answer:
LMNO Partnership
Larry will receive $72,500 in return for his partnership interest.
Explanation:
a) Data and Calculations:
Assets Liabilities
Cash $ 100,000
Land 200,000
Total assets = $300,000
Notes Payable $50,000
Equity:
Larry, Capital $60,000
Marge, Capital 70,000
Nancy, Capital 80,000
Owen, Capital 40,000
Total equity = $250,000
Total equity and liabilities = $300,000
Profit and loss sharing = equally (25% each)
Cash balance after the sale of land and settlement of debt:
Cash balance $100,000
Sale of land $250,000
Settlement of notes payable (50,000)
Balance to be distributed to partners $300,000
Statement of capital liquidation:
Larry Marge Nancy Owen Total
Capital accounts $60,000 $70,000 $80,000 $40,000 $250,000
Profit from land sale 12,500 12,500 12,500 12,500 50,000
Capital balances $72,500 $82,500 $92,500 $52,500 $300,000
Cash distribution ($72,500) ($82,500) ($92,500) ($52,500) ($300,000)
Capital balances $0 $0 $0 $0 $0
On 6/30, Office Depot purchased 17,000 shares of treasury stock at $9 per share. On 11/1, Office Depot resold half of the treasury shares for $4 per share. On 11/1, what should be recorded as a debit to the Additional Paid-in-capital account?
Answer:
$42,500
Explanation:
Number of shares sold = 17,000 shares * 1/2 = 8,500
Cost per share = $9
Selling price per share = $4
Date General Journal Debit Credit
11/1 Cash $34,000
(8,500 * $4)
Additional paid in capital $42,500
[8,500*($9 - $4)]
Treasury stock $76,500
(To record sale of treasury stock)
A strategic goal is to get the right balance between exploitation of existing competencies and the exploitation and development of new competencies. Which of the following is not a critical issue in this respect?Select one:a. The breadth and limits of management cognition which influence decision-making.b. The skills and experience of employees and other human capital.c. The internal and external relationships that influence access to information and knowledge.d. The vision, control and power of senior managers.
Answer:
.d. The vision, control and power of senior managers
Explanation:
Strategic goal can be regarded as long-term, they are big picture as well as objective for a business, unlike short-term tactic which give addresses to current challenge. Strategies goal focus on improving the business in way of operation and develop new goals. It should be noted that strategic goal is to get the right balance between exploitation of existing competencies and the exploitation and development of new competencies.
Critical issue in this respect are;
✓The breadth and limits of management cognition which influence decision-making.
✓The skills and experience of employees and other human capital.
✓The internal and external relationships that influence access to information and knowledge.
what osi layer encrypts data sent from network
The concept of _______________ is used to address the interplay between system performance, availability (reliability, maintainability, and supportability), process efficiency, and system life cycle cost. Reliability Centered Maintenance (RCM) Test, Analyze, Fix, and Test (TAFT) Level of Repair Analysis (LORA) Affordable System Operational Effectiveness (ASOE)
Answer:
Affordable System Operational Effectiveness( ASOE)
Explanation:
Affordable System Operational Effectiveness gives illustration about the dependency as well as interrelationship that exist between
Availability, Process Efficiency,
Life Cycle Cost/Total Ownership Cost
and Technical Performance,
The availability in this sence means
Reliability as well as Maintainability, and Supportability. Process Efficiency in this sence could mean system operations, logistics support and
maintenance. It Can be regarded as one that reflects the balance achieved that exist between the design as well as the process efficiencies which is utilized in operation as well as the support system,these encompass the product support package as well as the supply chain. It should be noted that the The concept of Affordable System Operational Effectiveness
is used to address the interplay between system performance, availability (reliability, maintainability, and supportability), process efficiency, and system life cycle cost.
Calculate the real dollar rate of return on a 10,000 pound sterling deposit in a London bank in a year when the interest rate on pounds is 6 percent, the dollar/pound exchange rate moves from $1.31 per pound to $1.65 per pound, and the dollar prices increase by 9 percent. The real rate of return will be nothing percent (Enter your response as a percentage rounded to one decimal place.)
Answer:
The real rate of return is 23.0%.
Explanation:
This can be calculated as follows:
Gain due to dollar depreciation = (1.65 - 1.31) / 1.31 = 0.260, or 26.0%
Inflation rate = Increase in dollar price = 9%
Real rate of return = (Gain due to dollar depreciation + Interest rate on pounds) - Inflation rate = (26.0% + 6%) - 9% = 23.0%
Therefore, the real rate of return is 23.0%.
which industries operates at the primary stage of production
Answer:
raw material extraction
Explanation:
any industry that extract raw material for onward production is considered a primary stage.
According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather than in the name of its stockholders. A) Ability to acquire capital B) Limited liability of stockholders C) Separate legal existence D) Continuous life E) Transferable ownership rights
Answer:
According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather than in the name of its stockholders.
C) Separate legal existence
Explanation:
This separate legal existence means that before the law, a corporation is a distinct person, just like every other person, with rights and obligations. It can enter into binding contracts. It can perform business activities within the ambits of the law. It has its own name and personality that is not intertwined with those of the owners or stockholders. It enjoys a continuous lifespan that can only be liquidated under the laws.
Suppose the U.S. foreign assets are 67 percent of the U.S. GDP, and the U.S. foreign liabilities are 95 percent of the U.S. GDP. Moreover, suppose that 66 percent of U.S. foreign assets are denominated in foreign currencies, while all liabilities to foreigners are denominated in U.S. dollars. How will a 13 percent depreciation of the dollar affect foreigners' net foreign claims on the U.S. measured in U.S. dollars (as a percent of U.S. GDP)
Answer:
8.58% of US GDP is the answer for the required question.
Explanation:
US Foreign Assets = 67% of US GDP
US Liabilities = 95% of US GDP
66% of US Foreign Assets = Foreign Currencies
All Liabilities to Foreigners = US Dollars.
Depreciation rate = 13%
Solution:
Consider the following formula for this problem:
Change in external wealth in US dollar = (Change in foreign assets in dollars) - (Change in foreign liabilities in US dollars)
Liabilities are already denominated in dollars in our instance, but assets are not. As a result, we'll use the formula above to calculate the dollar value of the foreign assets. However, because the dollar value of net external assets fluctuates, we must also consider the rate of depreciation.
Change in dollar value of foreign currency denominated asset = rate of depreciation x Share of the foreign currency
Share of the foreign Currency = 66%
Rate of Depreciation = 13%
= 0.13 x 0.66 = 0.0858 = 8.58%
Hence,
8.58% of US GDP is the answer for the required question.
