When indirect expenses make up a large portion of total costs, a corporation would profit most from switching from a standard costing system to an activity-based costing (ABC) system.
What is activity-based costing?Using the activity-based costing approach, an organization's activities are identified, and the cost of each activity is then assigned to each product and service based on how much of each is actually consumed. This model allocates more indirect expenses to direct costs than traditional costing does.
The fundamental objectives of activity-based costing are to identify the stages required to make a product, establish cost pools for each step, and assign overhead costs to the items based on how much of each step they use.
Activity-based costing offers a more precise technique of calculating the prices of goods and services, which results in more precise price determinations.
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fill in the blank: in project management, a is a person or an organization that defines the project requirements. they also may set important guidelines, such as the budget and deadlines. a. custumer b. competitor c. vendor d. teammate
in project management, a customer is a person or an organization that defines the project requirements. they also may set important guidelines, such as the budget and deadlines.
Project management is the process of overseeing a team's activity to complete all project objectives within the established parameters. The project documentation that is prepared at the start of the development process typically include descriptions of this information. The three main restraints are budget, time, and scope. A project manager is in charge of the project's planning, acquisition, implementation, and conclusion. The project manager is in charge of the entire undertaking and manages every aspect of it, including the project scope, the project team, and the resources allotted to it.
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2. Do you think these moral licensing effects are common across all kinds of green consumers? Or are there other factors (i.e., demographics, psychographics) that might either exacerbate or weaken the effects? Why or why not?
Moral licensing is "people's sense that they are allowed to engage in activities that may be viewed as socially undesirable or morally dubious as a result of a history of moral behaviors."
What is Moral licensing?According to the moral licensing idea, leaders may exhibit contradictory behaviors, and followers may at times put up with or even approve of their dubious behavior. "People's impression that they are allowed to perform activities that may be considered as socially unpleasant or morally problematic, due to history of moral behaviors," is the definition of moral licensing.
The moral credit model and the moral credential model are two possible processes that might underlie the moral licensing effect. According to the moral credit concept, past behavior can cancel out or make up for any future transgression.
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the economy of umrica uses palladium as its money. if the government discovers a large reserve of palladium on their land the
the economy of Umrica uses palladium as its money. if the government discovers a large reserve of palladium on their land the supply of money increases, the value of money falls, and prices rise
What is Palladium?
Palladium is a metallic alloy that is glossy and silvery and is utilised in many different production processes, especially for electronics and commercial goods. Additionally, it has applications in jewellery, dentistry, medicine, chemistry, and groundwater treatment.
This uncommon metal, which has the atomic number 46 on the periodic table of elements, is mostly produced by mines in the United States, Russia, South Africa, and Canada.
Palladium is a bright metal utilised in numerous industrial and technological products.The metal is a member of the platinum group of metals, which also includes platinum, rhodium, ruthenium, iridium, and osmium.Palladium is primarily produced in Russia, South Africa, the United States, and Canada.Gold is 30 times more common than palladium.Palladium can be rolled into sheets that are employed in solar energy and fuel cell applications.Learn more about Palladium from the link below
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Which is not an example of a liquid asset?; What is an example of a liquid asset?; Is cash a liquid asset?; Which account is not liquid?
Land, real estate investments, equipment, and machinery are regarded kinds of non-liquid assets because they take time to convert to cash, fees can be incurred to convert them to cash, and they might also not convert to money at all.
Which is now not an example of a liquid asset?The most frequent examples of non-liquid belongings are equipment, real estate, vehicles, art, and collectibles. Ownership in non-publicly traded organizations may want to also be viewed non-liquid. With these kinds of assets, the time to money conversion is hard to predict.
Which account is no longer liquid?Common examples of non liquid assets include actual estate, land, equipment, art, vehicles, collectibles, jewelry, and treasured metals, IRA accounts, and inventory. liquid assets are usually bought with capital expenditure and they depreciate over their lifetime, which is numerous years.
Is money a liquid asset?Cash is your most liquid asset due to the fact you do not need to take in addition steps to convert it – it is already cash. You can use it to pay for a right or carrier immediately and additionally use it to settle any exceptional debts. Cash is usually held in checking accounts, financial savings money owed or cash market accounts.
What are examples of liquid assets?Examples of liquid assets may also consist of cash, money equivalents, cash market accounts, marketable securities, temporary bonds, or accounts receivable.
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https://brainly.com/question/7644266#SPJ4What are the differences between CDs and US Savings Bonds which is better and why?
The FDIC provides protection for CD accounts up to $250,000 and often offers somewhat better rates of return. US savings bonds have no cap on the amount of coverage and are backed by the country's complete faith and credit.
Why is a CD preferable to a savings account?Traditional savings accounts typically don't offer as much interest as CDs, and the annual percentage yield (APY) is fixed. It's wise to create a CD ladder in a rising-rate environment so that all of your money isn't tied up at a lesser rate as yields rise. A minimum deposit is typically needed to open a CD account.
Are CDs subject to taxation?In a nutshell, yes, the IRS will tax any interest you get on your CD that is greater than $10. For each tax year that the interest is earned, this is required. Therefore, if you have a three-year CD, you will only be taxed on the interest you get this year.
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a bond that is currently selling for $939.39 has a conversion price of $31.25. if the par value is $1,000, what is the conversion ratio?
The conversion ratio of a bond that is currently selling for $939.39 and has a conversion price of $31.25 and a par value is $1,000 is 31.8 : 1.
What is the definition of conversion ratio?For any convertible securities, such as a convertible bond, the conversion ratio is the number of common shares received at the moment of conversion. Convertible debt is a debt hybrid product that has an incorporated option to convert debt into equity in the future.
With regard to the above response, the conversion ratio of a bond is equal to the par value of the bond divided by the conversion price.
Since the par value of the bond, in this case, is $1,000 and the conversion price is $31.25, the conversion ratio is:
$1,000/$31.25 = 31.8.
This means that for every 31.8 bonds, the bondholder can convert them into one share of the company's stock, hence the ratio is 32.8 : 1
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A contract for an item or piece of equipment for a specified amount of time and a specified amount of money. is the meaning of?
An equipment lease agreement is a contractual agreement where the lessor, who is the owner of the equipment, allows the lessee to use the equipment for a specified period in exchange for periodic payments.
What is an Equipment Lease Agreement?
An equipment leasing agreement is a legal arrangement whereby the equipment's owner, the lessor, grants the lessee access to the asset for a certain time in return for regular payments. Vehicles, industrial machinery, or any other equipment might be the focus of the lease.
Once the terms of the lease have been agreed upon by the lessor and lessee, the lessee is granted permission to use the equipment in exchange for making regular payments throughout the term of the lease. However, if the lessee violates the conditions of the lease or uses the equipment for an illegal activity, the lessor maintains ownership of the equipment and is entitled to terminate the equipment leasing agreement.
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if a variable is normally distributed, approximately what percentage of values lie within the limits given below
If a variable is normally distributed, approximately , the value of mean will have limit ( -∞ , ∞) and limit of variance is greater than 0
A probability distribution known as a "normal distribution" is symmetric about the mean and indicates that data that are close to the mean are more likely to occur than data that are far from the mean.
The normal distribution is depicted graphically as a "bell curve."
With a mean of 0 and a standard deviation of 1, the standard normal distribution is a normal distribution.
The standard deviation, which indicates how much a given measurement deviates from the mean, is given by the standard normal distribution, which has zero as its centre.
Using the normal distribution as a reference, 68% of observations are within one standard deviation of the mean
95% are within two standard deviations
99.9% are within three standard deviations.
The question is incomplete so I've answered in general
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which of the following accounting changes must be justified in the notes to the financial statements?
The correct answer is B. Changes in depreciation methods are accounting changes that must be justified in the notes to the financial statements.
In accountancy, depreciation is a time period that refers to two components of the same idea: first, the actual lower of the honest cost of an asset, inclusive of the lower in the price of manufacturing facility equipment every 12 months as its miles used and worn, and 2nd, the allocation in accounting statements of the original price of the property to intervals in which the belongings are used (depreciation with the matching precept). Depreciation is technically a way of allocation, no longer valuation, although it determines the cost positioned at the asset within the stability sheet.
The depreciation fee does not require a present-day outlay of cash. however, the reason that depreciation is a rate to the P&L account, provided the employer is operating in a way that covers its charges (e.g. running at a profit) depreciation is a supply of cash in a declaration of coins flows, which generally offsets the cash price of obtaining new belongings required to hold operations while present assets reach the give up of their useful lives.
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Complete Question:
Which of the following accounting changes must be justified in the notes to the financial statements?
Multiple choice questions.
A) Changes in the remaining service life
B) Changes in depreciation methods
C) Changes in the estimated residual value
the steady growth line best supports which conclusion about the economy represented in the graph
A. The economy never experiences periods of contraction B. The economy does not display consistent patterns in its business cycles
C. The economy improved steadily over several business cycles
D. The economy has pronounced troughs but no clear peaks
According to the graph, the conclusion about the economy represented the steady growth line best supports the economy improved steadily over several business cycles. Thus, the correct option is (C).
A business cycle is the progression of the economy through stages such as expansion, peak economic growth, reversal, recession, and depression, which ultimately usher in a new cycle. When the maximum rate of growth is reached, the trend of economic growth reverses.
It indicates the general direction of the economy. It generally has a positive slope since a country's production capability grows with time. Economists examine the economy's performance during the last several years and forecast a future trend.
Therefore, the correct option is "C".
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even better products has come out with an even better product. as a result, the firm projects an roe of 15%, and it will maintain a plowback ratio of 0.40. its earnings this year will be $3 per share. investors expect a 11% rate of return on the stock.
The stock should be worth $10.91, which should give investors an 11% rate of return on the stock. Given the information provided, we can calculate the company's expected dividend by taking the company's earnings per share ($3) multiplied by the Plowback Ratio (0.40). This gives us an expected dividend of $1.20 per share.
To calculate the stock price, we take the expected dividend ($1.20) and divide it by the expected rate of return (11%). This gives us a stock price of $10.91. Therefore, the stock should be worth $10.91, which should give investors an 11% rate of return on the stock.
Return on Equity (ROE) is a measure of how well a company is performing and is calculated by taking a company's annual return (net income) divided by its total shareholders' equity. A ROE of 15% means that a company is generating 15 cents of net income for every dollar of shareholder equity invested in the company. The Plowback Ratio is a measure of a company's ability to reinvest its profits into its own operations, and a ratio of 0.40 means that a company is reinvesting 40% of its profits back into the company.
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the correlation between asset a and asset b is 0. which of the following statements is true?there is no diversification benefit in combining the two assets in a portfolio.there are diversification benefits in combining the two assets in a portfolio.all risk averse investors will want to invest in a only.all risk averse investors will want to invest in b only.
The statements which are true are -there is no diversification benefit in combining the two assets in a portfolio. there are diversification benefits in combining the two assets in a portfolio.
A portfolio is a compilation of substances that exemplifies your beliefs, talents, qualifications, schooling, training, and studies. It offers a perception into your character and work ethic. Portfolios offer you with a private report of your success or development in more than a few regions. they're important and relevant on your personal and professional development. Your private portfolio is a compilation of relevant work samples and documents collected all through your school years and supplied in a dependent way. The photographer has an outstanding portfolio that holds an collection of pix he has taken in his profession.
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Which of the following statements is false?
A. Leachate is a liquid that seeps from solid waste in sanitary landfills.
B. If we reduce the municipal solid waste stream to near zero, there will be no need for sanitary landfills.
C. Hazardous waste is any substance that threatens human health or the environment.
D. Mining is the largest producer of solid waste in the U.S.
E. Green chemistry focuses on source reduction for commercial chemical processes.
The main source of solid waste in the U.S.E. is mining. Green chemistry focuses on lowering the sources used in industrial chemical processes. This statement is false.
Based on information from the Environmental Protection Agency (EPA). In all, 268 million tonnes of municipal solid garbage were produced in the United States in 2017, a huge rise from 88.1 million tonnes in 1960.
An estimated 1.8 billion tonnes of mineral processing waste are expected to be produced annually in the United States as a result of the mining and processing of mineral ores. Therefore, mining is not the US industry that produces the most solid waste.
The biggest amount of rubbish is reportedly produced worldwide in Canada. Its annual garbage production is predicted to be 1,325,480,289 metric tonnes. given the 36.7 million people who call Canada home.
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if a buyer agrees to buy all the quantity she needs for a certain good but is unable to identify an exact amount, the uniform commercial code recognizes this as an enforceable contract.
If a buyer agrees to buy all the quantity she needs for a certain good but is unable to identify an exact amount, the uniform commercial code recognizes this as an enforceable contract .its true .
One of the Uniform Acts that have been enacted into law with the goal of harmonizing the legal framework governing sales and other commercial transactions in all 50 states, the District of Columbia, and the US Territories is the Uniform Business Code (UCC), which was first published in 1952. Although the majority of U.S. jurisdictions have succeeded in achieving this difficult goal, some have not implemented all of the UCC's provisions, while others have not adopted any at all. Furthermore, the implementation of the UCC varies greatly between U.S. jurisdictions. Sometimes, this difference can be explained by alternative terminology found in the official UCC.
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angela is a salesperson for ksu exercise equipment. she wants to sell deluxe exercise stations to silver workout centers. hans is the assistant regional director of silver workout centers in the greater chicago area and is acting as a champion for angela's product. we should expect all of the following except
As Angela is the salesperson and Hans is the assistant regional director and is acting as a champion for Angela's product, all of the following should be expected except E. Hans will prevent Angela from meeting the members of the buying center at the home office
As Angela is a salesperson, her basic part of duty would be to convince Hans that how KSU exercise equipment is best for silver workout centers. Hence, option a is correct.
Hans has the right that he can talk about and also sell Angela's ideas because he is acting as a champion for her products. Hence, option b is also correct.
As a salesperson, Angela is dedicated to informing Hans about all of the details about the KSU exercise equipment or products. Hence, option c is correct.
As acting out as a champion for Angela's product, Hans will promote the exercise equipment to convince other members of the buying center. Hence, option d is also correct.
However, Hans cannot stop Angela from meeting other members of the buying center at the home office hence option e is the only exception.
Although a part of your question is missing, you might be referring to this question:
Angela is a salesperson for KSU exercise equipment. She wants to sell deluxe exercise stations to Silver Workout Centers. Hans is the assistant regional director of Silver Workout Centers in the greater Chicago area, and is acting as a champion for Angela's product. We should expect all of the following EXCEPT:
A. Angela will engage and motivate Hans by showing him how the equipment meets Silver's needs as well as his own.
B. Hans will sell Angela's proposal at the home office in her absence.
C. Angela will provide Hans with a lot of information about her proposal and equipment.
D. Hans will be promoting the exercise equipment to other members of the buying center.
E. Hans will prevent Angela from meeting the members of the buying center at the home office
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while walter gropius proposed a daring solution for the design of this high-rise office building, the commission was awarded to the neo-gothic design of raymond hood and john mead howells.
The audacious remedy is Chicago Tribune Tower. The commission for this high-rise office building was given to Raymond Hood and John Mead Howells' Neo-Gothic design, which was suggested by Walter Gropius.
Walter Adolph Georg Gropius, an European architect and the developer of the Bauhaus School, lived from 18 May 1883 to 5 July 1969.
In 1922, Walter Gropius and Adolf Meyer came up with a plan for a headquarters and administrative facility for the Chicago Tribune. The situation concerned a competitive landscape that the Tribune had advertised in honor of its 65th anniversary.
The contest offered the first opportunity for European designers to confront the uniquely American purpose of making a superstructure, which had long served as an inspiration for American architects practicing in Europe. The names of well-known individuals like Erich Mendelsohn, Ludwig Mies van der Rohe, and Le Corbusier—who one might have imagined to engage not among the many Europeans who submitted designs.
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If the rate of inflation is 3.7% per year, the future price p(t) (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today.p(t)=800(1.037)^tFind the current price of the item and the price 10 years from today. Round your answers to the nearest dollar as necessary.
The current price of the item is calculated to be $800 and the price after 10 years is calculated to be $1150.4 if the rate of inflation is 3.7% per year
Since the equation for the future value, in this case, is given as;
p(t)=800(1.037)^t
and t represents the number of years;
We can calculate the current price by substituting t = 0 in the equation as follows;
p(0) = 800(1.037)^0
p(0) = $800
Similarly, the price 10 years from today can be determined by substituting t = 10 as follows;
p(10) = 800(1.037)^10
p(10) = 800 × 1.438
p(10) = $1150.4
Hence the $800 is calculated to be the current price of the item and $1150.4 is calculated to be the price of the item 10 years from today.
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Which of the following legal entities will likely be ended once the objectives of the effort have been met? Multiple Choice Limited partnership S corp Limited liability corporation Joint venture
Once the intended goals of the effort have been achieved, joint venture legal organizations will probably be terminated.
A joint venture is a partnership between two or more individuals with the goal of growing one company or project for profit while dividing the risks involved. There must be at least two distinct natural persons or entities among the joint venture's partners.
The ability of joint ventures to speed up growth, increase production, and increase the profitability of your business is one of their most important advantages. Access to new markets and distribution networks is another benefit of joint ventures. increased capacity
A joint venture is created to accomplish a number of objectives, such as R&D, business expansion, synergy, upscaling, market penetration, superior technology, and increased earnings.
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18.3 The Pre-IPO value of the firm is 60M$ and the Pre-IPO number of shares outstanding is 4 Million. Assume underwriting Spread or Flotation Cost is 5%. Determine the number of new shares issued (in millions) if gross proceeds are valued at 18 million dollars.
Hint: Find what percentage of the firm belongs to new investors after IPO and then find the number of new shares issued
Select one of the following answers:
1.2183
0.7841
2.1489
1.1234
If gross proceeds are valued at 18 million dollars then the number of new shares to be 1.2183 million issued (in millions) while the flotation Cost is 5%. Option A is correct.
What is Flotation Cost?A publicly traded stock company incurs costs when it issues new securities for underwriting fees, legal fees, and registration fees. This cost referred to flotation cost.
These costs of additional equity for a company is determined by several factors such as floatation expenses, estimated return on equity, dividend payments, and the percentage of earnings the company expects.
Pre-IPO Value per share = Equity Value of Firm ÷ Shares Outstanding
⇒ $60M ÷ 4M
⇒ $15 per share.
Number of Shares to be issued for $18M proceeds = Investment Value ÷ ( Pre-IPO Value per Share - Flotation Cost)
⇒ $18M ÷ ($15 - $15×0.05)
⇒ $18M ÷ $14.75
⇒ 1.2183 or 1.2 approx.
Therefore the flotation cost will be excluded from the issue price.
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A client has sold short XYZ stock. Which of the following actions may be taken to offset the risk of the short position?
A. Buy puts
B. Buy calls
C. Sell puts
D. Sell calls
The investor could buy calls on the underlying stock to reduce the risk of a short stock position. Hence, the answer is option B. Buy calls
By purchasing calls, the investor gains the right to purchase the stock if its value rises. The investor will be able to replace the shares that were borrowed and sold short by purchasing the shares.
The call gives the investor the right to purchase the stock at a specific price and time period. Because a short seller must eventually buy back the stock that was shorted, the call option limits how much the investor must pay to get it back. Purchasing a bear put spread is a slightly more complicated alternative to this strategy.
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a company needs a way to convert 10 years of shipping records currently on paper into files that can be saved to its private cloud storage. t/f
A business requires a method to transform 10 years' worth of shipping records that are currently on paper into files that can be uploaded to its personal cloud storage. Hence, the given statement is true.
A data deposit paradigm known as "cloud storage" is one in which digital data, including documents, images, and other types of media, is kept on virtual or cloud servers that are maintained by outside parties.
One can move data and access it whenever they need to using an offsite storage system. Private cloud storage is often referred to as internal or business cloud storage. In this situation, the intranet of the business or organisation houses the data.
The organization's firewall safeguards this information. For businesses with pricey data centres and internal data privacy management capabilities, private cloud storage is a fantastic alternative.
Therefore, the given statement is true.
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All of the following describe an appropriate application of Plan Risk Responses in project management EXCEPT:
A. Risk response planning should address both opportunities and threats.
B. Responses should be created for every identified project risk.
C. The expectations of the sponsor and key stakeholders should influence the risk responses that are developed.
D. Often multiple strategies are identified for a single risk.
With the exception of the need that solutions be developed for each project risk identified, all of the following explain a valid application of plan risk responses in project management. Hence, Option B is correct.
An organization's possible hazards are listed in a risk management strategy along with the precautions that staff members should take to keep those risks at manageable levels.
A risk management strategy may be developed to handle high-level and strategic risks by key stakeholders such as senior management, compliance officials, and department managers.
Alternatively, in a project management environment, a project manager collaborates with the project team to develop a risk management strategy specific to project hazards.
No matter the extent of the risk management strategy, a group of stakeholders who are skilled at risk analysis and identification are developing the project.
Therefore, Option B is correct.
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Which of the following is NOT a stage in the team development process?
Select one:
a. Forming
b. Storming
c. Norming
d. Taming
Taming is NOT a stage in the team development process. In the middle of the 1960s, Bruce W. Tuckman created the framework that is most frequently used to describe the stages of development of a team.
His descriptions of Forming, Storming, Norming, and Performing offer a helpful framework for analysing your own team. a team that is simultaneously working cooperatively and interdependently to achieve a particular set of objectives. The idea behind team development is straightforward in theory: gather a group of talented and motivated people and give them a task to framework. People who might not normally interact with one another are encouraged to do so through team building. It promotes collaboration, which boosts productivity.
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Use the following information and the indirect method to calculate the net cash provided or used by operating activities:Net income $12,800Depreciation expense $11,600Payment on mortgage payable $14,400Gain on sale of land $7,900Increase in merchandise inventory $2,100Increase in accounts payable $6,500Proceeds from sale of land $8,500A. $35,300B. $12,400.C. $20,900.D. $7,900.E. $40,900.
The net cash provided or used by operating activities is $20,900 (C).
The calculation is shown below:
Net income plus depreciation costs, gain from the sale of land, an increase in inventory of goods, and an increase in accounts payable equals net cash produced by operational activities.
Net cash from operating activities equals $12,800 plus $11,600 minus 7,900 minus 2,100 plus $6,500.
Net cash used for operating purposes is $20,900.
Operating activities are all the things a company does to bring its products and services to market on an ongoing basis. Non-operating activities are one-time events that may affect revenues, expenses or cash flow but fall outside of the company's routine, core business.
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Go to the Entry Form worksheet. The Admissions staff will use this worksheet to enter tuition payments and summarize tuition information. Tarif wants to make it easy to record the payments and avoid errors. In cell C3, add a data validation list that accepts only the values in the range I3:I203.
The data validation tool in Microsoft Excel enables you to limit what can be entered in your worksheet. You can, for instance .
What is data validation ?Restrict entries to a date range or full numbers by creating a drop-down menu of options in a cell. only establish unique constraints on what can be entered .
You can name a list of items based on a specified Excel table to build a drop-down list in Excel. Afterward, make use of that list as the Data Validation drop-down list's source. You can adhere to the directions in the named range section below if you don't want to construct a named table.
Select the cell C3 where you want the drop - down list to offers on data tab . click data validation .
Click the cursor in source box and select the range of cells I3:I203 to include in your drop down list .
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a contingency can be accrued when group of answer choices it is probable that an asset has been impaired or a liability incurred even though the amount of the loss cannot be reasonably estimated. it is certain that funds are available to settle the disputed amount. the amount of the loss can be reasonably estimated and it is probable that an asset has been impaired or a liability incurred. an asset may have been impaired.
A contingency can be accrued when the amount of the loss can be reasonably estimated and it is probable that an asset has been impaired or a liability incurred.
A contingency is a capacity incidence of a negative occasion inside the future, inclusive of a monetary recession, herbal catastrophe, fraudulent pastime, terrorist attack, or a virus. In 2020, companies had been hit by the coronavirus pandemic forcing many personnel to must paintings remotely.
A contingent offer on a residence is a suggestion with a protective clause on behalf of the consumer. The contingency communicates that if the clause isn't met, the customer has the right to return the purchase. This practice protects the purchaser from dropping earnest money.
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T/F which of the following parts of the federal government played a major role in stabilizing the economy after the 2008 economic crisis?]
The parts of the federal government that played an important role in the stability of the country after the Great Recession are:
presidentcongressthe fedDuring the Great Recession that began in 2008, the first drop in stock prices actually caused the stock market to drop significantly.
President Obama has issued several executive orders aimed at supporting the economy and has proposed legislation to Congress to help the economy.
Since 2008, Congress has passed several laws that increase federal intervention, make the financial system safer and help stabilize the country.
The Federal Reserve pursued an aggressive expansionary monetary policy, pumping more money into the economy and allowing the economy to recover.
In summary, several federal agencies did what they could to help stabilize the country after the Great Recession.
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An asset was acquired on October 1, 2021, for $110,000 with an estimated five-year life and $35,900 residual value. The company uses units of production depreciation and expects the asset to produce 26,000 units. Calculate the gain or loss if the asset was sold on March 31, 2024. for $70,000. Actual production was: 2021 = 1,300 units; 2022 - 7,000 units; 2023 - 8,000 units: 2024 1700 units. 800 Multiple Choice $11.300 gain O $9.300 gain Oo oo $24,300 ein 25.340
If the asset were sold on March 31, 2024, based on the information provided, the gain or loss would be $11,300. The asset is a resource that you own or lease that is valuable and aids in the operation of your firm.
What asset do you refer to?
An asset is something that has value in both the now and the future. A piece of equipment, a financial instrument, or a patent are examples of assets that commonly provide cash flows in the future. Examples of personal property include houses, automobiles, investments, works of art, and household goods.
What kind of asset is that?
In addition to intangible elements like intellectual property rights, royalties, and other patents, assets also include tangible objects like machinery, real land, raw materials, and inventories.
Briefing:
Depreciation per units= (Original cost - Residual value) ÷ (Estimated production units)
Depreciation per units= ($110,000 - $35,900) ÷ 26,000 units
Depreciation per units= $74,100 ÷ 26,000 units
Depreciation per units= $2.85per units
Accumulated depreciation=(1300 units × $2.85)+( 7000units × $2.85)+(8000 units × $2.85)+( 1700 units × $2.85)
Accumulated depreciation= $3705 + $19950 + $22800 + $4845
Accumulated depreciation= $51,300,
Book value= Acquired value of an asset - Accumulated depreciation
Book value= $110,000 - $51,300
Book value= $58,700
Gain or Loss= Sale value - Book value
Gain or Loss= $70,000 - $58,700
Gain or Loss= $11,300 gain
Inconclusion the gain or loss if the asset was sold on March 31, 2024 is $11,300 gain.
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30) in preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $52,000 Accounts payable increased by 18,000 Accounts receivable decreased by 25,000 Inventories increased by 5,000 Depreciation expense was 30,000 Net cash provided by operating activities was: $80,000 $70,000 $130,000 $120,000 O $60,000
The cash flows of the company from its operating activities will be $70,000 for the most recent year using the indirect method. Therefore, the option B holds true.
The net cash flows have been computed as per the table given hereunder,
Net income $52,000
Adjustments
Add: Depreciation expense $30,000
Less: Increase in inventory $(5,000)
Add: Decrease in receivables $(25,000)
Add: Increase in accounts payable $18,000
Net cash flows provided by operating activities $70,000
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a bank has set a standard that mortgage applications be processed within eight days of filing. if, out of a sample of 1,000 applications, 35 fail to meet this requirement, what is the epmo metric, and how does it compare with a six-sigma level? use the six sigma excel template for your analysis. do not round intermediate calculations. round your answer for the epmo to the nearest whole number and the answer for the six-sigma level to two decimal places.
The EPMO metric will be 0.034 to compare with six-sigma level.
What is an EPMO?Program or portfolio management offices may sometimes be referred to as EPMOs. In addition to carrying out many of the same tasks as business project management offices, program management offices also handle all projects at once. Additionally serving as a point of contact for project managers and stakeholders, project management offices can provide pertinent information, status updates, and reports as required. In large firms, project managers are assisted with ongoing projects by an enterprise project management office, a strategic and administrative unit. They'll help make sure that all the technical parts of each task are standard and organized in addition to developing strategies to boost efficiency. The main distinction between project management offices and enterprise project management offices is perspective.
EPMO metric= No of applicants who fail to meet requirement/total number of applicants=85/2500=0.034
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