Answer:
23520
Explanation:
Average Investment= Initial cost+ Residual Cost/2
(336000+0)/2=168000
.14*168000=23520 for average annual income
The average annual income over an investment of $336,000 for a period of 8 years and rate of return of 14%, will be $23,520.
What is annual income?An amount of income, which is earned over an investment for a particular period and a given rate of interest, is known as annual income. Average income is the total income divided by total number of years.
Using the given information, we can estimate that the total investment will be (336,000 + 0)/2, which will amount to $168,000. Now solving further,
[tex]\rm Annual\ Income = Total\ Investment\ x\ \dfrac{Average\ Rate\ of\ Return}{100}\\\\\rm Annual\ Income = 168000\ x\ \dfrac{14}{100}\\\\\rm Annual\ Income = \$23520\\[/tex]
Hence, the average annual income earned over an investment of such project is aforementioned.
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You have decided that it is time to sell your company and spend time on the beaches of Hawaii. A potential buyer is interested in your company, but he does not have the necessary capital to pay you a lump sum. Instead, he has offered $800,000 today and annuity payments for the balance. The first payment will be for $250,000 in three months. The payments will increase at 1.9 percent per quarter and a total of 25 quarterly payments will be made.
Required:
If you require an EAR of 12 percent, how much are you being offered for your company?
Answer:
[ 250000 / ( 0.97 ) ] * [ 1 - ( (1 +1.9) / (1+ 2.87 ) ^25 ] + $800000 is the amount being offered
Explanation:
Amount offered today = $800000
First payment (p) = $250000
EAR = 12 percent
payments increase by 1.9 percent per quarter
Total amount of payments = 25 quarterly payments = 6.25 years
note : there are 4 quarters in a year
How much is been offered for the company
APR = (1+ EAR)^(1/n)*n
= ( 1 +12%)^(1/4)*4 = 11.49%
( interest rate per annum ) = 11.49%
number of compounding interest per annum = 4
interest rate per period (r) = 2.87%
number of periods(n) = 25
growth rate(g) = 1.9%
first we have to calculate the PV of Cash-flows of the 1st payment ( $250000)
pv = [ p / (r-g) ] * [ 1 - [(1 +g ) / (1 + r)]^n ]
= [ 250000 / ( 0.97 ) ] * [ 1 - ( (1 +1.9) / (1+ 2.87 ) ^25 ]
Women speakers who are nervous tend to wobble on their high heels.
Answer:
Yes?
Explanation:
is this a true or false question
if so I think yes but idk
John is out sick today. Can you take on some of his work? Below are his activities that we need to complete today. How effective is it to submit vendor invoices only?
Submitting vendor invoices only can be effective in streamlining the accounts payable process and ensuring timely payment to vendors.
Accuracy and Accountability: By focusing on vendor invoices only, the accounts payable team can prioritize the verification and validation of invoices received from vendors. This allows for a more thorough review of the invoices, ensuring accuracy in terms of pricing, quantity, and terms. It also holds vendors accountable for delivering goods or services as per the agreed-upon terms.
Cost Efficiency: By focusing on vendor invoices, the accounts payable team can allocate their time and resources efficiently. This reduces the chances of errors and duplicate payments, leading to cost savings for the organization. It also enables the team to identify any discrepancies or discrepancies in vendor invoices promptly.
Better Vendor Relationships: Timely and accurate payment of vendor invoices improves relationships with suppliers and fosters trust. It helps maintain a positive rapport, which can lead to favorable terms, discounts, and improved service from vendors.
Process Standardization: Focusing on vendor invoices allows for standardization of accounts payable processes. It streamlines the workflow, simplifies the approval process, and ensures adherence to payment policies and procedures. Standardization improves efficiency, reduces errors, and enhances overall control over the accounts payable function.
However, it is important to note that focusing solely on vendor invoices may not capture the complete picture of accounts payable management. Other aspects such as expense reports, employee reimbursements, and other payables should still be monitored and processed accordingly.
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8. Golden Enterprises started the year with the following: Assets $50,000; Liabilities $15,000; Common Stock $30,000; Retained Earnings $5,000. During the year, the company earned revenue of $2,500, all of which was received in cash, and incurred expenses of $1,500, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $500 to owners. Assume no other activities occurred during the year. The amount of Golden's assets at the end of the year is: A) $52,500. B) $54,000. C) $52,000. D) $53,500.
Answer:
C. $52,000
Explanation:
Calculation for the amount of Golden's assets at the end of the year
Using this formula
Ending assets = Beginning assets + Increase in assets - Decrease in assets
Let plug in the formula
Ending assets = $50,000+$2,500-$500
Ending assets = $52,000
Therefore the amount of Golden's assets at the end of the year will be $52,000
Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single member LLC (a law firm). He reports his business as a sole proprietorship. Wages paid by the law firm amount to $40,000; the law firm has no significant property. Molly is employed as a tax manager by a local CPA firm. Their modified taxable income is $386,600 (this is also their taxable income before the deduction for qualified business income).
Required:
a. What is their tentative QBI based on the W–2 Wages/Capital Investment Limit?
b. Determine their allowable QBI deduction?
Answer:
a) $5,680
b) $8,906
Explanation:
QBI deduction can be as much as 20% of QBI but it cannot exceed 20% of taxable income before QBI deduction and/or capital gains.
QBI deduction also starts to phase out if the couple's income is higher than $315,000.
phase out = 1 - [($386,600 - $315,000) / $100,000] = 0.284 = 28.4%
we must choose the higher between:
tentative QBI deduction based on W-2 wages = 50% x $40,000 x 28.4% = $5,680
or
QBI deduction based on capital investment limit = (25% x $40,000 x 28.4%) + $0 (no qualified property) = $2,840
allowable QBI deduction:
($300,000 x 20% x 28.4%) - {[($300,000 x 20% x 28.4%) - $5,680] x (1 - 28.4%)} = $17,040 - [($17,040 - $5,680) x 0.716] = $17,040 - $8,134 = $8,906
You plan to retire in 30 years and you are investing $250 per month in the BMO Large-Cap Growth mutual fund. The fund has an average annual return of 13.45%. How much will you have at retirement?
Accumulated Balance is given by :
[tex]A=P\dfrac{(1+i)^n-1}{i}\times (1+i)[/tex]
Here,
n = time period = 30×12 = 360.
[tex]i=\dfrac{13.45}{100}\times \dfrac{1}{12}=0.0112[/tex]
P = principal price = $250.
Putting all given values in above equation, we get :
[tex]A=250\times \dfrac{(1+0.0112)^{360}-1}{0.0112}\times (1+0.0112)\\\\A=\$1221659.48[/tex]
Hence, this is the required solution.
A company manufactures a product using machine cells. Each cell has a design capacity of 250 units per day and an effective capacity of 230 units per day. At present, actual output averages 200 units per cell, but the manager estimates that productivity improvements soon will increase output to 220 units per day. Annual demand is currently 50,000 units. It is forecasted that within two years, annual demand will triple. How many cells will the company require to satisfy predicted demand under these conditions
Answer:
1.90
Explanation:
Calculation for how many cells that the company require to satisfy predicted demand
Using this formula
Numbers of cell=Projected annual demand/Annual capacity per cell
Based on the information given we were told that Annual demand is 50,000 units in which it is forecasted that within 2 years it will tripple which means that Annual demand will be calculated as:
Projected annual demand = 50,000*2 years
Projected annual demand=100,000
Let plug in the formula
Numbers of cell=100,000÷(220 units/day × 238 days/year)
Numbers of cell=100,000÷52,360
Numbers of cell=1.90
Therefore the amount of cells that the company require to satisfy predicted demand will be 1.90
A company proposes to invest in two divisible projects which are expected to generate the following cash flows. Cash flows Additional information 1. 2. 3. Years cashflows for project A year one and two Project A year one 10,000 year two 60,000 The cost of capital applicable to both projects is 12% Project A requires sh. 20,000 and Project B 10,000 initial investment. The funds available are restricted as follows; Cash available year one 1000000 year two 800000 CASHFLOW FOR PROJECT B..YEAR ONE AND TWO. Project B 10,000 30,000 Required; Funds not utilized one year will not be available in the subsequent years. Formulate a linear programming model to solve the above problem. ii. Solve the problem graphically and comment on the proportion of investing on the two projects.
The company should invest $800,000 in Project A and $0 in Project B to maximize its return on investment.
The linear programming model is as follows:
Let x1 represent the investment in Project A (in thousands of dollars).
Let x2 represent the investment in Project B (in thousands of dollars).
Objective function:
Maximize Z = 10x1 + 10x2
Subject to:
x1 + x2 ≤ 1000 (Cash available in year one)
x1 ≤ 800 (Cash available in year two)
x1 ≤ 20 (Initial investment for Project A)
x2 ≤ 10 (Initial investment for Project B)
x1 ≥ 0, x2 ≥ 0
Solving the problem graphically:
To solve the problem graphically, we plot the feasible region defined by the constraints.
The feasible region is bounded by the lines:
x1 + x2 = 1000 (Cash available in year one)
x1 = 800 (Cash available in year two)
x1 = 20 (Initial investment for Project A)
x2 = 10 (Initial investment for Project B)
x1 ≥ 0, x2 ≥ 0
After plotting these lines and shading the feasible region, we find that the feasible region is a triangle.
We then evaluate the objective function Z = 10x1 + 10x2 at the vertices of the feasible region:
Vertex A: (0, 0) - Z = 10(0) + 10(0) = 0
Vertex B: (20, 0) - Z = 10(20) + 10(0) = 200
Vertex C: (20, 10) - Z = 10(20) + 10(10) = 300
Vertex D: (800, 0) - Z = 10(800) + 10(0) = 8000
From the above calculations, we can see that the maximum value of Z occurs at vertex D (800, 0). Therefore, the company should invest $800,000 in Project A and $0 in Project B.
By investing proportionally in the projects, the company will maximize its return on investment.
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Shelly Eckert has prepared the following list of statements about internal control. Identify each statement as true or false. If false, indicate how to correct the statement. a. One of the objectives of internal control is to safeguard assets from employee theft, robbery, and unauthorized use. Select an option b. One of the objectives of internal control is to enhance the accuracy and reliability of the accounting records. Select an option c. No laws require U.S. corporations to maintain an adequate system of internal control. Select an option
Answer:
a. One of the objectives of internal control is to safeguard assets from employee theft, robbery, and unauthorized use. = True
b. One of the objectives of internal control is to enhance the accuracy and reliability of the accounting records. =True
c. No laws require U.S. corporations to maintain an adequate system of internal control. = False
Explanation:
Internal control refers to the rules, methods of operation, principles, and standards that are meant to be strictly adhered to by an organization in order to maintain a high degree of financial integrity. From the options provided;
a. One of the objectives of internal control is to safeguard assets from employee theft, robbery, and unauthorized use: This statement is true because when the approved standards are met, assets can be protected and easily traced in the event of a theft. It would also ensure that restrictions to unauthorized records and tools are maintained.
b. One of the objectives of internal control is to enhance the accuracy and reliability of the accounting records: This statement is also true because when good internal controls are followed accounting records are kept up to date and so they can be relied upon.
c. No laws require U.S. corporations to maintain an adequate system of internal control: This statement is false because the U.S is very keen on the maintenance of internal controls by organizations. Defaulters are prosecuted by law enforcement agencies. The Sarbanes-Oxley Act of 2002 makes defaulters culpable.
Dr. Ogechi. Dr. Ogechi is interested in studying the effects of different materials for tires on the velocity of model cars rolling down an inclined plane. Yvonne knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the same. In Latin, this is referred to as . In order to keep all other things the same and isolate the effects of one particular variable in the physics experiment, Yvonne will want to do :_________
Answer:
1
Explanation:
2
Fill in the blanks to complete the Marginal Product column for each worker and the Marginal Cost column at each level of labor. (Hint: Marginal cost is
the change in total cost divided by the change in the quantity of output. You can calculate it here by dividing the increase in total cost from hiring one
more worker by the marginal product from hiring one more worker.)
Labor Input
(Number of Workers)
0
123
4
S
Total Output
Marginal Product
(Burritos per day) (Burritos per day)
0
40
100
140
160
175
AAAAA
Total Cost
(Dollars per day)
$80
$200
$320
$440
$560
$680
Marginal Cost
(Dollars per burrito)
When hiring its third worker, Caroline's Burrito Stand faces increasing marginal returns to labor.
Over the range of workers for which the marginal product is increasing, Caroline's Burrito Stand faces
$
$
4
marginal cost.
When hiring its third worker, Caroline's Burrito Stand faces increasing marginal returns to labor.
How to explain the informationMarginal Product = Total Output (current level) - Total Output (previous level)
Marginal Product (Worker 1) = 40 - 0 = 40
Marginal Product (Worker 2) = 100 - 40 = 60
Marginal Product (Worker 3) = 140 - 100 = 40
Marginal Product (Worker 4) = 160 - 140 = 20
Marginal Product (Worker 5) = 175 - 160 = 15
Now, let's calculate the Marginal Cost. The Marginal Cost is the change in total cost divided by the change in the quantity of output.
Marginal Cost = Change in Total Cost / Change in Quantity of Output
Marginal Cost (Worker 1) = ($200 - $80) / 40 = $120 / 40 = $3
Marginal Cost (Worker 2) = ($320 - $200) / 60 = $120 / 60 = $2
Marginal Cost (Worker 3) = ($440 - $320) / 40 = $120 / 40 = $3
Marginal Cost (Worker 4) = ($560 - $440) / 20 = $120 / 20 = $6
Marginal Cost (Worker 5) = ($680 - $560) / 15 = $120 / 15 = $8
When hiring its third worker, Caroline's Burrito Stand faces increasing marginal returns to labor. Over the range of workers for which the marginal product is increasing, Caroline's Burrito Stand faces increasing marginal cost.
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Describe a communication situation with all the elements of communication
Explanation:
Simply, we can define communication as “sharing of ideas or feelings with others.” Communication takes places when one person transmits information and understanding to another person. There is a communication when you respond or listen to someone. Movements of lips, the wave of hands or the wink of an eye may convey more meaning than even written or spoken words. The basic elements of communication process include communicator, communicatee, message, channel and feedback.
- Communicator is the sender, speaker, issuer or writer, who intends to express or send out a message.
- Communicatee is the receiver of the message for whom the communication is meant. The communicatee receives the information, order or message.
- Message, which is also known as the subject matter of this process, i.e., the content of the letter, speech, order, information, idea, or suggestion.
- Communication channel or the media through which the sender passes the information and understanding to the receiver. It acts as a connection between the communicator and the communicatee, i.e., the levels of communication or relationships that exist between different individuals or departments of an organization.
- Feedback, which is essential to make communication, a successful one. It is the effect, reply or reaction of the information transmitted to the communicatee.
Firstly, the communicator develops an exact idea about concepts, beliefs or data that he wants to convey. Then he translates the idea into words, symbols or some other form of message which he expects the receiver to understand. The communicator picks out an appropriate medium for transmitting the message. The message is then received by the communicate. The communicate acts upon the message as he has understood it. Finally, the effectualness of communication is assessed through response or feedback. If the communication brings in the desired changes in the actions, it is said to be successful communication.
Hope It Helps Pls Mark BranLiest
Windsor, started the year with $51600 in its Common Stock account and a credit balance in Retained Earnings of $37800. During the year, the company earned net income of \$41300 and declared and paid $17200 of dividends. In addition, the company sold additional common stock amounting to \$24100 . As a result, the amount of its retained earnings at the end of the year would be
Answer:
what grade is this?
Explanation:
np idea
dpe
Jefferson, Inc. produces two different products (Product 5 and Product Z) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $110,000, while the cost of Inspection is $42,560. The activity drivers are used as follows: Product 5 Product Z Total Machine hours 1,100 3,300 4,400 Number of batches 54 22 76 What proportion of Machining activity is used by Product 5
Answer:
25%
Explanation:
Calculation for the proportion of Machining activity used by Product 5
Using this formula
Machining activity = Product 5 Machine hours /Total machine hours
Let plug in the formula
Machining activity = 1,100/4,400
Machining activity = 0.25×100
Machining activity = 25%
Therefore the proportion of Machining activity used by Product 5 is 25%
Step 2.
List 5 types of white-collar crimes that could be committed by employees anytime during the process that gets products in front of customers. Additionally, advise your client on how to prevent each crime.
Answer: corporate fraud
Embezzlement
Ponzu schemes
Extortion
Bankruptcy fraud
Economists consider both explicit costs and implicit costs when measuring economic profit. The reason they consider implicit costs is that Group of answer choices they are more conservative than accountants, who consider only accounting costs. most businesses forget to pay their implicit costs. a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable. implicit costs are typically far larger than explicit costs. implicit costs include expenses like taxes and fees to the government.
Answer: A business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable.
Explanation:
A firm's implicit costs are its opportunity costs. Opportunity costs are the returns that a company would have made had it invested in the next best venture than the one they are currently in.
If a business is to be truly profitable, it is important that they earn enough to cover both their out of pocket costs as well as their opportunity costs that way it can be definitively said that the venture that they went into was better than the next best venture they could have gone into.
A fitness center’s drink machine has been empty for two weeks.When the delivery person arrives to refill the machine the fitness centers manager complains that the fitness center has lost money what should the delivery person do
When the fitness center manager complains that the center has lost money due to the empty machine, the delivery person should show empathy, take ownership of the problem, and offer solutions that can help prevent future occurrences of the problem.
As a delivery person responsible for refilling a fitness center’s drink machine, the best approach to take when the fitness center manager complains that the center has lost money due to the empty machine is to show empathy, take ownership of the problem, and offer solutions that can help prevent future occurrences of the problem.
Here are some tips on how to respond to the fitness center manager’s complaint and help prevent future occurrences of the problem:
Show Empathy As a delivery person, it's important to show empathy by acknowledging the manager’s frustration with the situation. This can help establish trust with the manager and encourage them to view you as a helpful and reliable resource.
Take Ownership of the Problem It is also important to take ownership of the problem by accepting responsibility for the issue and demonstrating that you are willing to work with the manager to find a solution. By doing so, you can help the manager feel confident that you will take steps to prevent future occurrences of the problem.
Offer Solutions To prevent future occurrences of the problem, the delivery person should offer some solutions. For instance, the delivery person can schedule regular deliveries to ensure that the machine is always stocked, or create a system where the manager can request a refill if necessary. This will help prevent future occurrences of the problem.
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1.A bank branch must keep stock of cash on hand for customer withdrawals. The net daily withdrawal rate at the branch is $10,000. The borrowing rate for the cash was 8% per year. Replenishment of the cash stock form the central bank requires careful accounting and contracting to an armored delivery service. This costs $400 per replenishment and requires two days of notice to the carrier. Determine the optimal policy for obtaining cash from the central bank. Find the order quantity and the reorder level.
Answer:
optimal policy for obtaining cash from the central bank is 10000
Explanation:
given data
total cash needed = $10000
fixed cos = $400
interest rate = 8% = 0.08
solution
we will ger here cash balance from the central bank that is express as
C = [tex]\sqrt{\frac{2\times 400\times 10000}{0.08}}[/tex]
C = 10000
so optimal policy for obtaining cash from the central bank is 10000
A company issued a 20-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, at what amount did the bond sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.)
Multiple choices: $828, $1,686, $1,000, $893
Answer: $828
Explanation:
Given the following :
Semi-annual payment = $40
Period = 20 years
Number of payments = (20 * 2)(semiannual) = 40 payments
Par value = $1000
Interest rate = 5%
Using the PV table:
PV at $1 (40, 5%) = 0.1420
PVA at $1 (40, 5%) = 17.159
[Par value * PV at $1 (40, 5%)] + [$40 * PVA at $1 (40, 5%)]
= ($1000 * 0.1420) + ($40 * 17.159)
= $142 + $686.36
=$828.36
= $826
is .org a good website?
Answer:
If you are talking about reliability-wise, when a ULR ends with .org, it may be a trusted website, it just depends on what the organization is. If you want a more reliable website to use try finding one with .gov at the end of the ULR. These are government moderated websites.
Assume that one year ago, you bought 340 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.55 per share during the past 12 months, and the market value of the fund is now $40 a share.
a. Calculate the total return for your $12,240 investment.
The total return on this mutual fund investment is $12,427.
Total return on investment refers to the total profit or loss on an investment, including any capital appreciation and dividends or distributions received.
Here's how to calculate the total return on a mutual fund investment:
Step 1: Calculate the total initial investment by multiplying the number of shares by the purchase price per share. For this investment, the total initial investment is: 340 shares x $36/share = $12,240.
Step 2: Add any capital gain distributions received during the investment period. In this case, the capital gain distribution per share is $0.55, so the total capital gain distribution received is: 340 shares x $0.55/share = $187.
Step 3: Calculate the current market value of the investment by multiplying the number of shares by the current market price per share.
In this case, the current market value is: 340 shares x $40/share = $13,600.
Step 4: Add any dividends or interest payments received during the investment period, if applicable.
If no dividends or interest payments were received, skip this step.
Step 5: Calculate the total return by adding the initial investment, capital gain distributions, and dividends or interest payments (if applicable), and then subtracting any fees or commissions paid during the investment period.
In this case, the total return is: $12,240 + $187 = $12,427.
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Sysco Corporation, formed in 1969, is the largest global distributor of food service products, serving over 500,000 restaurants, hotels, schools, hospitals, and other institutions. The following summarized transactions are typical of those that occurred in a recent year (dollars are in millions).
a. Purchased buildings costing $392 and equipment costing $210 for cash.
b. Borrowed $119 from a bank, signing a short-term note.
c. Provided $52,671 in service to customers during the year, with $20,958 on account and the rest received in cash.
d. Paid $136,074 cash on accounts payable. Purchased $44,083 of inventory on account.
e. Paid payroll, $8,440 during the year. Received $23,643 on account paid by customers.
f. Purchased and used fuel of $1,750 in delivery vehicles during the year (paid for in cash).
g. Declared $698 in dividends at the end of the year to be paid the following year.
h. Incurred $134 in utility usage during the year; paid $96 in cash and owed the rest on account.
Required:
For each of the transactions, prepare journal entries.
Answer:
a. Dr Building and Equipment 602
Cr Cash 602
b.Dr Cash 119
Cr Short-term notes payable 119
c.Dr Cash 31,713
Dr Accounts receivable 20,958
Cr Service revenue 52,671
d.Dr Accounts payable 136,074
Cr Cash 136,074
e.Dr Inventory 44,083
Cr Accounts payable $44,083
f. Dr Wages expense 8,440
Cr Cash 8,440
g. Dr Cash 23,643
Cr Accounts receivable $23,643
h. Dr Fuel expense 1,750
Cr Cash 1,750
i. Dr Retained earnings 698
Cr Cash 698
j. Dr Utilities expense 134
Cr Cash 96
Cr Accounts payable 38
Explanation:
Preparation of Journal entries
a. Dr Building and Equipment 602
(392+210)
Cr Cash 602
b.Dr Cash 119
Cr Short-term notes payable 119
c.Dr Cash 31,713
(52,671-20,958)
Dr Accounts receivable 20,958
Cr Service revenue 52,671
d.Dr Accounts payable 136,074
Cr Cash 136,074
e.Dr Inventory 44,083
Cr Accounts payable $44,083
f. Dr Wages expense 8,440
Cr Cash 8,440
g. Dr Cash 23,643
Cr Accounts receivable $23,643
h. Dr Fuel expense 1,750
Cr Cash 1,750
i. Dr Retained earnings 698
Cr Cash 698
j. Dr Utilities expense 134
Cr Cash 96
Cr Accounts payable 38
(134-96)
Consumer protections related to the Internet and telecommunications and direct-mail fraud are covered under the Financial Practices division of The Bureau of Consumer Protection.
True
False
Use below information to prepare general journal entries for Belle Co.’s 1 through 7 transactions.
a. D. Belle created a new business and invested $5,900 cash, $6,900 of equipment, and $12,900 in web servers in exchange for common stock.
b. The company paid $6,000 cash in advance for prepaid insurance coverage.
c. The company purchased $800 of supplies on account.
d. The company paid $600 cash for selling expenses.
e. The company received $6,000 cash for services provided.
f. The company paid $800 cash toward accounts payable.
g. The company paid $4,000 cash for equipment.
Answer and Explanation:
The Journal entries are shown below:-
a. Cash Dr, $5,900
Equipment Dr, $6,900
Web servers Dr, 12,900
To D.Belle, Capital $25,700
(Being owner investment is recorded)
b. Prepaid Insurance Dr, $6,000
To Cash 6,000
(Being payment made in advance for prepaid Insurance is recorded)
c. Supplies Dr, $800
To Accounts payable 800
(Being purchase of supplies is recorded)
d. Selling expenses Dr, $600
To Cash $600
(Being made for selling expenses is recorded)
e. Cash Dr, 6,000
To Service revenue $6,000
(Being cash received from service provided is recorded)
f. Accounts payable Dr, $800
To Cash $800
(Being accounts payable is recorded)
g. Equipment Dr, $4,000
To Cash $4,000
(Being purchase of equipment is recorded)
1. When Heidi Ganahl talks with franchisees about performance expectations and measurements, what part of the management process is she describing? Why is this so important in a franchising business?
Answer and Explanation:
Heidi Ganahl is explaining the preparing aspect of the management process. The first management role is the planning component which is the management process.
Heidi, before the new franchise is created, will have to clarify the performance standards and metrics. It will need to include detailed, but easy-to-understand plans, involving strategic planning, to ensure continuity between the new owner and the entire franchise.
As the number of multinational corporations continues to grow, we are experiencing a greater number of international ethical dilemmas. One very real concern has been the human rights abuses in sweatshops in exchange for cheap labor. Several retailers have now banded together to set ethical standards in foreign factories. Which of the following statements summarizes the challenges of companies doing business in developing countries and the concerns of their customers??A) Multinationals must subjectively determine the local living wage, which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
B) Economically sensitive customers want companies to pass along cost savings to them, at all costs, even if the products are made through offshore outsourcing. Companies want to please customers, first!
C) Most multinational corporations have made no attempt to improve working standards at sweatshop factories. They will turn a blind eye to the problem unless U.S. law is passed to force the issue. Customers understand that legal limits come before ethical standards.
D) Multinationals cannot be expected to demand socially responsible behavior from their supplier, including foreign sweatshops. When doing business abroad, the U.S. company need not comply with U.S. law when its supplier(s) is not in the U.S. or on U.S. territory.
Answer: A) Multinationals must subjectively determine the local living wage, which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
Explanation:
Countries where sweatshops are rampant are usually so because the authorities set a low minimum wage which is often done to attract foreign investment.
If Multinationals want to improve conditions therefore, they would usually have to subjectively determine the local living wage, which is usually more than the local legal wage in these countries and that presents a problem because the Multinationals themselves may not be physically present in these countries so gathering such information might prove to be cumbersome.
Customers who are also surveyed generally tend to be willing to pay a little more than they do if it means that those in sweatshops get better working conditions.
ABC Company projects the next period sales will be 12,000 units. ABC Company desires ending inventory equal to 20% of the next month’s sales. What is the desired inventory?
i dont know the answer but i really need points☹️
Pelder Products company manufactures two types of engineering diagnostic equipment used in The construction. in two products are based on different technologies, and ultrasound, but are the manufacturing cost x-ray ultrasound products by adding together direct materials, direct labor, a overhead cost applied based on the number of direct labor hours. The factory has three overhead departments that support the single production line that makes both products. Budgeted overhead spending for the departments is as follows: Department Engineering Material design handling Setup Tota $5,000 $3,000 $14.000 $6,000 Pelder's budgeted manufacturing activities and costs for the period are as follows:
Product
Activity X-Ray Ultrasound
Units produced and sold 50 100
Direct materials used $5,000 $8,000
Direct labor hours used 100 300
Direct labor cost 4000 12000
Number of parts used 400 600
Number of engineering changes 2 1
Number of product setups 8 7
The budgeted cost to manufacture one ultrasound machine using the activity-based costing method is:_______.
a. $ 225
b. $ 264
c. $ 293
d. $ 305
Answer:
b. $ 264
Explanation:
Engineering
design mat. handling Setup Total
$6,000 $5,000 $3,000 $14.000
2 for X-rays 400 8 for X-rays
1 for ultrasound 600 7 for ultrasound
costs fro producing 100 ultrasound machines:
direct materials $8,000direct labor $12,000design costs = ($6,000/3) x 1 = $2,000setup costs = ($3,000/15) x 7 = $1,400material handling costs = ($5,000/1,000 parts) x 600 = $3,000total production costs = $26,400
production costs per unit = $26,400 / 100 units = $264
Goodwill:
is an intangible asset that is tested annually for impairment.
is an intangible asset that is always amortized.
appears as an expense on the income statement when a company buys an entire business unit.
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can appear on the balance sheet either as an asset or a liability.
is the difference between the purchase price of a business and the book value of the net assets.
Answer:
is the difference between the purchase price of a business and the book value of the net assets.
Explanation:
Goodwill comes about when an individual or a firm wants to acquire another business as a going concern. The acquiring entity usually pays more than the book value of the firm it is purchasing. The difference between the purchasing rate and the net worth of a firm is the goodwill.
Goodwill is an intangible asset. It covers benefits like a good reputation, existing customer base, ideal location, and trained staff that the acquiring entity will inherit from the previous owner.
makes handheld calculators in two models: basic and professional. estimated of manufacturing overhead and machine hours for the year. The basic model actually consumed machine hours, and the professional model consumed machine hours. Requirements 1. Compute the predetermined overhead allocation rate using machine hours (MHr) as the allocation base. 2. How much overhead is allocated to the basic model? To the professional model? Requirement 1. Compute the predetermined overhead allocation rate using machine hours as the allocation base. Select the formula, and then enter the amounts to compute the predetermined overhead (OH) allocation rate. (Enter your answer to the nearest cent.) ÷ = Predetermined OH allocation rate ÷ =
Answer & Explanation:
1. Predetermined Overhead allocation
= Estimated manufacturing Overhead / Estimated machine hours
= 624,000/520,000
= $1.2 per machine hour
2. Overhead allocated to Basic Model
= 1.2 * 270,000 machine hours
= $324,000
Overhead allocated to Professional Model
= 1.2 * 250,000
= $300,000
