The journal entry to record the acquisition of Kendal Company by Bar Corporation is as follows: Therefore, the value analysis guides the acquisition and the preparation of financial statements.
Given the following information,Record the acquisitions on the books of Bar Corporation.Value analysis is suggested to guide the acquisition and the preparation of financial statements. Acquisition of Vicker Company by Bar Corporation: Bar Corporation will issue 30,000 shares of its $10 par common stock, which is currently trading at $40 per share, to acquire the net assets of Vicker Company, whose balance sheet as of December 31, 2015, is shown below:Fair value analysis:As per the balance sheet, the net assets of Vicker Company are worth $1,850,000. The fair value of the net assets is $1,900,000. This is higher than the net assets by $50,000. Hence, goodwill is $50,000.Acquisition costs of $5,000 should be recorded as expenses in the income statement.Registration and issuance costs of $7,500 should be charged against additional paid-in capital account.Preparation of the journal entry:Therefore, the journal entry to record the acquisition of Vicker Company by Bar Corporation is as follows:Acquisition of Kendal Company by Bar Corporation:Bar Corporation will issue 15,000 shares of its $10 par common stock, which is currently trading at $40 per share, to acquire the net assets of Kendal Company, whose balance sheet as of December 31, 2015, is shown below:Fair value analysis:As per the balance sheet, the net assets of Kendal Company are worth $1,200,000. The fair value of the net assets is $1,150,000. This is lower than the net assets by $50,000. Hence, a gain on bargain purchase of $50,000 should be recorded in the income statement.Acquisition costs of $4,000 should be recorded as expenses in the income statement.Registration and issuance costs of $7,500 should be charged against additional paid-in capital account.Preparation of the journal entry.
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What is one benefit of running search ads for brand keywords?
They always appear first in the search results, above other ads
They protect your traffic if a competitor bids on your brand keywords
They see a higher click-through rate than non-brand keywords
They are significantly less expensive than search ads for other keywords
One benefit of running search ads for brand keywords is that they protect your traffic if a competitor bids on your brand keywords.
When you run search ads for your brand keywords, it ensures that your website appears at the top of the search results when users specifically search for your brand. This helps prevent competitors from hijacking your brand traffic by bidding on your brand keywords. By maintaining control over your brand keywords through search ads, you can safeguard the visibility of your brand and maintain a strong online presence. This is especially important because users searching for your brand keywords are likely already familiar with your brand, making them highly valuable prospects. By protecting your brand keywords, you can ensure that your target audience reaches your website directly, increasing the likelihood of conversions and maintaining customer loyalty.
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Suppose that a sales tax is levied on milk at rate T, such that if a litre of milk is sold at price P, then the payment actually received by the seller is P/(1+T). Let p = log P and t := log(1 +T), so that log[P/(1+T)] = p — t. The log demand and supply for milk
The log demand and supply for milk can be represented by equations involving the log of the milk price.
To determine the log demand and supply for milk, we need to consider the relationship between price and quantity in the logarithmic form. Let's denote the quantity demanded as Qd and the quantity supplied as Qs.
The log demand equation can be expressed as Qd = f(p), where p represents the log of the milk price. The log demand equation indicates how the quantity demanded changes in response to price variations.
The specific form of the demand equation depends on the factors affecting milk demand, such as income, taste, and the price of substitutes. Without additional information, we cannot provide an exact functional form for the log demand equation.
Similarly, the log supply equation can be expressed as Qs = g(p), where p represents the log of the milk price. The log supply equation represents the relationship between the quantity supplied and the price of milk.
It depends on factors such as production costs, technology, and the availability of inputs. Again, without specific information about these factors, we cannot provide a precise functional form for the log supply equation.
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bernard co. has 7% coupon bonds on the market that have 20 years left to maturity. the bonds will make annual payments. if the ytm on these bonds is 12%, what is the current bond price (in $ dollars)? (assume the face value of the bond is $1,000) $ .
The current bond price (in $ dollars) is $750.95 (approx).
The price of the given bond needs to be calculated by using the given information.
Given that Bernard Co. has 7% coupon bonds on the market with a face value of $1,000 and with 20 years left to maturity and will make annual payments.
The yield to maturity of these bonds is 12%.
Now, to calculate the current bond price (in $ dollars), the following formula is used:
P = C × [1 − 1 / (1 + r)n] / r + F / (1 + r)n
Here, P is the current bond price, C is the annual coupon payment, r is the yield to maturity, n is the number of years, and F is the face value of the bond. By putting all these values, we get:
P = 70 × [1 − 1 / (1 + 0.12)²⁰] / 0.12 + 1000 / (1 + 0.12)²⁰= $750.95
Hence, the current bond price (in $ dollars) is $750.95 (approx).
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Rooney Small Engine Repair charges $42 per hour of labor. It has a material loading percentage of 40%. On a recent job replacing the engine of a riding lawnmower, Rooney worked 10.5 hours and used parts with a cost of $700.Calculate Rooney�s total bill.
Rooney Small Engine Repair’s total bill for the recent job of replacing the engine of a riding lawnmower is $721.
The cost of repairing a lawnmower engine by Rooney Small Engine Repair can be calculated using the given details.
Rooney Small Engine Repair charges $42 per hour of labor and has a material loading percentage of 40%.
On a recent job replacing the engine of a riding lawnmower, Rooney worked 10.5 hours and used parts with a cost of $700.
The total bill is to be calculated.Let’s begin with calculating the material loading cost, which can be found using the formula:Material Loading Cost = Material Loading Percentage × Cost of PartsMaterial Loading Cost = 40/100 × 700Material Loading Cost = $280.
Thus, the cost of material loading is $280.The cost of labor can be calculated by multiplying the number of hours of work by the hourly rate of labor.
Cost of Labor = Hourly Rate × Number of Hours of WorkCost of Labor = 42 × 10.5Cost of Labor = $441.
Thus, the cost of labor is $441.
The total cost of repairing a lawnmower engine can now be calculated by adding the cost of labor and material loading cost.
Total Cost = Cost of Labor + Cost of Material LoadingTotal Cost = $441 + $280Total Cost = $721.
Therefore, Rooney Small Engine Repair’s total bill for the recent job of replacing the engine of a riding lawnmower is $721.
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Rashid Company estimates its bad debts as 1 % of its annual credit sales of AED400,000 Rashid records its bad debts expense for that estimate 6 pos SA Ar On the following February 15, Rashid decides that the AED800 account of Ayesha is uncollectible and writes it off as a bad debit On March 31st Ayesha unexpectedly pays the amount previously written off Required: Part a) Prepare the journal entries of Rashid to record these transactions and events of December 31, February 15, and March 31st (4 marks) Part b) Ahmed Company's year-end unadjusted trial balance shows accounts receivable of $60,000, and sales of $200 000 Uncollectible are estimated to be 2% of accounts receivable. Required: Prepare the year-end adjusting entry on December 31st for uncollectible if the allowance account had a year-end unadjusted credit balance of $3007 (Note: part (b) s not linked with part (a)) (1 mark) Part c) What is matching (expense recognition) principle? Why matching principle can be applied to estimate bad debts at the end of the accounting penod? (1 mark) *** 95C
Part a) The following journal entries were made for Rashid to document the transactions and events:
To account for the expected bad debts of 1% of loan sales, December 31: Bad Debts Expense 4,000 Allowance for Doubtful Accounts 4,000
On February 15th, accounts receivable (Ayesha) 800, allowance for doubtful accounts 800
(To cancel Ayesha's uncollectible account)
Accounts Receivable (Ayesha) 800; Allowance for Doubtful Accounts 800 as of March 31.
(To recover the sum that had been written off from Ayesha's payment.)
Part b) The following would be the adjustment entry for uncollectible accounts on December 31:
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points] Suppose demand for inkjet printers is estimated to be
Q = 500 - 0.6 p
-5A+42+02Y
wit is
山
pI
ice
of inkjet printers, Y is income, and px and p. are the prices of related
goods. Xand Z
Suppose that
P = 40, 2. = 25 , ps = 100 , and Y = $50, 000. Answer the following ques
What is the price elasticity of demand? Interpret and explain your results
The price elasticity of demand for inkjet printers is approximately 3.93.
The price elasticity of demand can be calculated using the formula:
E = (% change in quantity demanded) / (% change in price)
Given the demand function Q = 500 - 0.6P - 5A + 42 + 0.2Y, where P is the price of inkjet printers and Y is income, and assuming that P = 40, A = 25, Y = $50,000, we can calculate the price elasticity of demand.
First, we need to find the quantity demanded at the given price:
Q = 500 - 0.6(40) - 5(25) + 42 + 0.2(50,000)
Q = 500 - 24 - 125 + 42 + 10,000
Q = 10,393
Next, we will calculate the percentage change in quantity demanded:
% change in quantity demanded = (new quantity - original quantity) / original quantity * 100
% change in quantity demanded = (10,393 - 10,000) / 10,000 * 100
% change in quantity demanded = 3.93%
Finally, we can calculate the price elasticity of demand:
E = (% change in quantity demanded) / (% change in price)
E = 3.93% / 1%
E ≈ 3.93
Interpretation: This value indicates that demand is relatively elastic, meaning that a 1% increase in price would result in a 3.93% decrease in the quantity demanded. In other words, consumers are responsive to price changes, and a price increase may lead to a significant decrease in the demand for inkjet printers.
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Flow of Costs through Manufacturing Accounts (L016-3, LO16-4, LO16-5) Lind Manufacturing had the following account balances as of January 1. $8,700 76,500 Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Manufacturing Overhead. 53,000 0 During the month of January, all of the following occurred. 1. Direct labor costs were $46,000 for 1,800 hours worked. 2. Direct materials costing $29,000 and indirect materials costing $4,800 were purchased. 3. Sales commissions of $15,500 were earned by the sales force. 4. Direct materials of $25,000 were used in production. 5. Miscellaneous selling and administrative costs of $6,300 were incurred. 6. Factory supervisors earned salaries of $12,706. 7. Other Indirect labor costs for the month were $3,000. 8. Monthly depreciation on factory equipment was $4,500. 9. Monthly utilities expenses of $6,947 were incurred in the factory. 10. Completed units with manufacturing costs of $69,000 were transferred to finished goods. 11. Monthly insurance costs for the factory were $4,200. 12. Monthly property taxes on the factory of $5,000 were incurred and paid. 13. Units with manufacturing costs of $90,883 were sold for $165,241. Required: a. If Lind assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Goods Inventory accounts at the end of January? b. As of January 31, what will be the balance in the Manufacturing Overhead account? c. What was Lind's operating income for January? 1. Direct labor costs were $46,000 for 1,800 hours worked. 2. Direct materials costing $29,000 and indirect materials costing $4,800 were purchased. 3. Sales commissions of $15,500 were earned by the sales force. 4. Direct materials of $25,000 were used in production. 5. Miscellaneous selling and administrative costs of $6,300 were incurred. 6. Factory supervisors earned salaries of $12,706. 7. Other Indirect labor costs for the month were $3,000. 8. Monthly depreciation on factory equipment was $4,500. 9. Monthly utilities expenses of $6,947 were incurred in the factory. 10. Completed units with manufacturing costs of $69,000 were transferred to finished goods. 11. Monthly insurance costs for the factory were $4,200. 12. Monthly property taxes on the factory of $5,000 were incurred and paid. 13. Units with manufacturing costs of $90,883 were sold for $165,241. Required: nces a. If Lind assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Finishe Goods Inventory accounts at the end of January? b. As of January 31, what will be the balance in the Manufacturing Overhead account? c. What was Lind's operating income for January? a. Direct materials inventory Work in process inventory. Finished goods inventory Manufacturing overhead. Operating income b. C.
a. At the end of January, the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts will be $8,700, $97,500, and $69,000, respectively.
b. The balance in the Manufacturing Overhead account as of January 31 will be $5,000.
c. Lind's operating income for January will be $37,564.
a. To determine the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts at the end of January, we need to consider the transactions that occurred during the month. The direct materials purchased were $29,000, and the direct materials used in production were $25,000. Therefore, the ending balance in the Direct Materials Inventory account will be $8,700 + $29,000 - $25,000 = $12,700. The completed units transferred to finished goods had manufacturing costs of $69,000, so the ending balance in the Finished Goods Inventory account will be $69,000. The work in process inventory balance can be calculated by subtracting the completed units' manufacturing costs from the total manufacturing costs incurred, including direct labor and manufacturing overhead. Thus, the ending balance in the Work in Process Inventory account will be $97,500.
b. The balance in the Manufacturing Overhead account can be determined by subtracting the manufacturing overhead assigned from the total manufacturing overhead incurred. The manufacturing overhead assigned is given as $34,400. Since the total manufacturing overhead incurred is $53,000, the balance in the Manufacturing Overhead account will be $53,000 - $34,400 = $18,600.
c. Operating income can be calculated by subtracting the total costs incurred (including direct materials, direct labor, manufacturing overhead, and miscellaneous selling and administrative costs) from the total sales revenue. The total costs incurred amount to $169,600 ($25,000 + $46,000 + $34,400 + $6,300 + $12,706 + $3,000 + $4,500 + $6,947 + $4,200 + $5,000), and the total sales revenue is $165,241. Therefore, the operating income for January is $165,241 - $169,600 = -$4,359 (a loss).
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SKP Co. Ltd has accounts receivable of $102,870 at April 30. Credit terms are 2/10, n/30. At April 30, Allowance for Doubtful Accounts has a credit balance of $510 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The Company’s estimate of bad debts is shown below. Age of Accounts Balance, April 30 Estimated Percentage Uncollectible 1-30 days $65,790 3.00% 31-60 days 28,640 6.00% 61-90 days 6,200 18.00% Over 90 days 2,240 45.00% Total $102,870 Required: e. Determine the total estimated uncollectible at April 30. (1.5 mark) f. Calculate the adjusted bad debt expense for the period. (1.5 marks) g. Prepare the journal entries to account for bad debt expense for the period. (3 marks) h. Work out the cash/net realisable value of Account receivable as at April 30.
a) The total estimated uncollectible at April 30 is $5,457.
To determine the total estimated uncollectible, Total estimated uncollectible [tex]= ($65,790 * 3.00%) + ($28,640 * 6.00%) + ($6,200 * 18.00%) +[/tex] [tex]($2,240 * 45.00%) = $1,973.70 + $1,718.40 + $1,116.00 + $1,008.00 = $5,457[/tex]b) The adjusted bad debt expense for the period is $4,947. The adjusted bad debt expense is calculated by subtracting the credit balance in the Allowance for Doubtful Accounts ($510) from the total estimated uncollectible[tex]($5,457). = $5,457 - $510 = $4,947[/tex]The journal entries to account for bad debt expense for the period are as follows: To record bad debt expense: Bad Debt Expense $4,947 Allowance for Doubtful Accounts $4,947 The cash/net realizable value of Accounts Receivable as of April 30 is $97,413.
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During 2021 Bravo Company purchased 5,000 shares of Sunshine, Inc. for $15 per share. During the year Bravo Company sold 2,000 shares of Sunshine, Inc. for $18 per share. At December 31, 2021 the market price of Sunshine, Inc.'s stock was $21 per share. What is the total amount of gain/(loss) that Bravo Company will report in its income statement for the year ended December 31, 2021 related to its investment in Sunshine, Inc. stock?
Bravo Company will report a total gain of $9,000 related to its investment in Sunshine, Inc. stock on its income statement for the year ended December 31, 2021.
To calculate the gain/(loss) related to the investment in Sunshine, Inc. stock, we need to consider the purchase and sale transactions during the year.
Bravo Company purchased 5,000 shares of Sunshine, Inc. for $15 per share. The cost of the investment is calculated as the purchase price per share multiplied by the number of shares purchased: $15 * 5,000 = $75,000.
During the year, Bravo Company sold 2,000 shares of Sunshine, Inc. for $18 per share. The proceeds from the sale are calculated as the selling price per share multiplied by the number of shares sold: $18 * 2,000 = $36,000.
To determine the gain/(loss) on the sale, we subtract the cost of the investment from the proceeds from the sale: $36,000 - $75,000 = -$39,000. Since the proceeds from the sale are lower than the cost of the investment, there is a loss of $39,000.
However, the total gain/(loss) reported on the income statement also takes into account the change in the market price of Sunshine, Inc.'s stock. Since the market price at December 31, 2021, is $21 per share, we can calculate the gain on the remaining shares that Bravo Company still holds: ($21 - $15) * (5,000 - 2,000) = $6 * 3,000 = $18,000.
Adding the gain from the remaining shares to the loss on the sold shares: -$39,000 + $18,000 = -$21,000. The negative sign indicates a loss.
However, the question specifically asks for the total amount of gain/(loss), so we take the absolute value of the result: $21,000. This means that Bravo Company will report a total gain of $21,000 on its income statement for the year ended December 31, 2021, related to its investment in Sunshine, Inc. stock.
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__________ is a disadvantage commonly associated with a diversified workforce.
a. Stereotyping
b. Enhanced cohesiveness
c. Broad innovation
d. Glass ceiling effect
e. Organizational flexibility
Stereotyping is a disadvantage commonly associated with a diversified workforce.
While a diversified workforce brings many benefits, such as broad innovation, enhanced cohesiveness, and organizational flexibility, it can also lead to the issue of stereotyping. Stereotyping refers to the tendency to make assumptions or judgments about individuals based on their membership in a particular group. In a diverse workforce, people may hold preconceived notions about others based on their race, gender, age, or other characteristics, which can lead to biases and unfair treatment. Stereotyping can hinder collaboration, create a negative work environment, and impede equal opportunities for individuals within the organization. Therefore, stereotyping is a commonly recognized disadvantage associated with a diversified workforce.
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Subgame perfection is a refinement of Nash Equilibrium that requires Select one: O a credibility/rationality at every point/path in the game, regardless of whether those points/paths are actually part of the Nash equilibrium O b. focalness in equilibrium O a credibility/rationality only along the equilibrium path O d. firms do not cheat on their output agreements Oe. perfect and skilled play by all players
Subgame perfection is a refinement of Nash Equilibrium that requires credibility/rationality at every point/path in the game, regardless of whether those points/paths are actually part of the Nash equilibrium.
Subgame perfection is a concept in game theory that extends Nash Equilibrium by imposing additional requirements. In subgame perfection, players are expected to behave rationally and credibly not only along the equilibrium path but also at every possible point or path in the game. This means that players must make optimal decisions and strategically reason even in off-equilibrium situations. By considering all possible subgames within the larger game, subgame perfection provides a more stringent criterion for evaluating strategic behavior. It ensures that players are committed to their strategies throughout the entire game, rather than just at the equilibrium.
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Provide a review of literature on socially responsible consumerbehavior (approximately 3 pages)different answer than this please:Webb and Harris (2001) defined sociallyresponsible consumer behavio
Sure, I can help you with that. Here's a review of literature on socially responsible consumer behavior:Socially responsible consumer behavior is an area of study that has piqued the interest of numerous scholars.
According to Webb and Harris (2001), socially responsible consumer behavior is defined as "consumers who are willing to use their purchasing power to make choices that reflect their concern for the well-being of society and the environment."There has been a considerable increase in attention to socially responsible consumer behavior by both researchers and practitioners in recent years. In addition, recent research suggests that socially responsible consumers are becoming more prevalent, and that this trend is expected to continue in the future. Many scholars believe that socially responsible consumer behavior is an essential aspect of sustainable development, as it promotes responsible consumption patterns that can help to reduce environmental damage and promote social justice.Socially responsible consumer behavior has also been studied in the context of various consumer behaviors, including product evaluation, decision-making, and shopping behavior. Some scholars have suggested that socially responsible consumer behavior is linked to higher levels of product satisfaction and loyalty. Other studies have suggested that socially responsible consumer behavior is related to various demographic variables, such as age, education, and income levels.Several factors have been identified as influencing socially responsible consumer behavior, including personal values, ethical concerns, environmental awareness, and social norms. Some scholars have suggested that social marketing campaigns and other interventions may be effective in promoting socially responsible consumer behavior, particularly among younger consumers.There is still much to learn about socially responsible consumer behavior, and researchers continue to explore this area in depth. Further research is needed to identify the most effective strategies for promoting socially responsible consumer behavior and to explore the role of consumer education and public policy in this regard.Overall, socially responsible consumer behavior is an important area of research that has important implications for sustainable development and social justice. It is a rapidly evolving area of study that promises to yield many important insights into the complex relationship between consumer behavior and social responsibility.
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You deposit $600 in your savings account for a year. By the end of the year, the value of your deposit increases to $625. What interest rate is your bank paying on the savings account?Choose one: A. 0.25%B. 0.04%C. 4.00%D. -4.00%
The bank is paying an interest rate of approximately 4.17% on the savings account. This means that for every $100 in the account, the bank pays $4.17 in interest over the course of a year. Option C, 4.00%
To determine the interest rate paid by the bank on the savings account, we can use the formula for calculating simple interest. The formula for calculating simple interest is: Interest = Principal × Interest Rate × Time
In this case, the principal is $600, the interest rate is what we need to find, and the time is 1 year. We also know that the value of the deposit increased to $625 by the end of the year.
Using the formula and the given values, we can rearrange the equation to solve for the interest rate:
Interest = $625 - $600
Interest = $25
$25 = $600 × Interest Rate × 1
Simplifying the equation, we have:
Interest Rate = $25 / $600
Calculating this, we get:
Interest Rate = 0.0417 or 4.17%
Option C, 4.00%, is the closest option to the calculated interest rate and would be the correct choice in this scenario.
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what are the listings for debits in factor costs and jobs completed
In accounting, the listings for debits in factor costs and jobs completed depend on the specific transactions and accounts involved. Generally, factor costs are expenses incurred in the production process, such as raw materials, labor, and overhead.
Debits are recorded for increases in these costs. On the other hand, jobs completed represent finished products or services for which revenue is recognized.
Debits may be recorded for the cost of production or any other related expenses. The exact listings for debits will vary based on the specific nature of the transactions and the accounts affected.
Factor costs encompass various expenses incurred in the production process. These costs can include the purchase of raw materials, direct labor wages, indirect labor costs, manufacturing overhead expenses, and other production-related expenses.
When these costs increase, debits are recorded to the respective expense accounts. For example, the purchase of raw materials would be debited to the Raw Materials Inventory account.
Jobs completed represent finished products or services that are ready to be delivered to customers.
In the context of job costing or project-based accounting, the costs associated with completing these jobs are recorded.
This may include direct labor costs, overhead costs allocated to the job, and any other direct expenses incurred in completing the job. Debits are recorded to the respective expense accounts to reflect the costs of completing the jobs.
It's important to note that the specific accounts and debits involved in factor costs and jobs completed will depend on the company's chart of accounts and the details of each transaction.
It is recommended to refer to the company's accounting policies and practices for the accurate and specific listings of debits in factor costs and jobs completed.
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2) Which of the following is a feature of limited-liability partnerships? (1 mark) A) They are restricted to a limited number of partners who are liable for the business. B) Liability is limited to 150% of each partners investment in the business. C) Partner liability is unlimited but the liability of partner families is limited. D) Each partner is liable for his or her own actions Answer IT
D) Each partner is liable for his or her own actions. This characteristic of LLPs provides individual partners with protection against the financial risks and liabilities of other partners in the business.
Limited-liability partnerships (LLPs) are business structures where each partner is personally responsible for their own actions and liabilities arising from their actions in the partnership. This means that the partners are not personally liable for the debts and obligations of the LLP, unless they have personally guaranteed them. The liability of each partner is limited to their own actions and does not extend to the actions or debts of other partners in the partnership. This characteristic of LLPs provides individual partners with protection against the financial risks and liabilities of other partners in the business.
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which of the following forms of compensation includes an employee stock ownership plan?
The form of compensation that includes an employee stock ownership plan (ESOP) is stock-based compensation.
Stock-based compensation refers to a method of compensating employees by granting them shares of company stock or stock options. This form of compensation aligns the interests of employees with those of the company's shareholders, as it gives employees an ownership stake in the organization.
An employee stock ownership plan (ESOP) is a specific type of stock-based compensation program. It is a qualified retirement benefit plan that provides employees with ownership shares in the company. ESOPs are typically established as a trust, and the shares of company stock are held in the trust on behalf of the employees. Over time, employees may become vested in the shares, which means they gain ownership rights to the stock.
ESOPs are often used as a means of incentivizing and rewarding employees for their contributions to the company's success. They can provide employees with the opportunity to accumulate wealth and benefit from the company's financial performance.
It's important to note that not all companies offer ESOPs as part of their compensation packages. ESOPs are more commonly found in certain industries or types of companies, such as closely held companies, family-owned businesses, or companies with a strong culture of employee ownership.
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You are a senior manager who needs to evaluate five supervisors in your department. Which supervisor appears to be the most effective at delivering performance reviews?
Amy procrastinates delivering negative feedback when she sees that employees are defensive.
Jessica helps the poor performers of her team understand the ways in which they are hurting organizational performance.
Jasper discusses what he believes employees are thinking rather than their concrete actions.
Rihanna sugarcoats her descriptions of problem behaviors when delivering a negative performance review.
Chen uses an accusatory tone while delivering a negative performance review.
Jessica appears to be the most effective supervisor at delivering performance reviews.
Jessica's approach of helping poor performers understand how their actions impact organizational performance demonstrates a constructive and solution-oriented approach. By focusing on the connection between employee behavior and overall outcomes, Jessica encourages growth and improvement.
This approach promotes transparency and fosters a better understanding of expectations and areas for development. Amy's tendency to procrastinate delivering negative feedback, Jasper's focus on employees' thoughts rather than actions, Rihanna's sugarcoating, and Chen's accusatory tone may hinder effective performance reviews and negatively impact employee motivation and development.
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Western Inc. purchased a 30% interest in Northern Corp for $1,000,000. This investment gives Western significant influence over Northern. During the year, Northern earned net income of $200,000 and paid total dividends of $100,000.1. Which of the following journal entries is required by Western to record the dividends paid by Northern?a. Cash $30,000Equity Investments $30,000b. Cash $100,000Investment Income $100,000c. Dividend Revenue $30,000Equity Investments $30,000d. Equity Investments $60,000Dividend Revenue $60,0002. Which of the following journal entries is required by Western to record the net income earned by Northern?a. Equity Investment $300,000Cash $300,000b. Cash $200,000Investment Income $200,000c. Dividend Revenue $100,000Equity Investments $100,000d. Equity Investments $60,000Investment Income $60,000Answer this two part question.
1. The journal entry required by Western to record the dividends paid by Northern is option C: Dividend Revenue $30,000 and Equity Investments $30,000.
2. The journal entry required by Western to record the net income earned by Northern is option B: Cash $200,000 and Investment Income $200,000.
1. When Northern Corp pays dividends, Western Inc., as a significant shareholder with a 30% interest, will record its share of the dividends as dividend revenue. The entry should be:
- Dividend Revenue $30,000 (30% of $100,000 dividends paid by Northern)
- Equity Investments $30,000 (decrease in the investment value due to the dividends received)
2. To record the net income earned by Northern, Western will recognize its share of the earnings as investment income. The entry should be:
- Cash $200,000 (30% of $200,000 net income earned by Northern)
- Investment Income $200,000 (increase in investment income due to the share of net income earned by Northern)
In both cases, the entries reflect Western's proportionate ownership and the corresponding impacts on its financial statements.
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how does risk affect the financial management of sport organizations
Risk plays a significant role in the financial management of sport organizations, impacting various aspects of their operations and decision-making processes.
Here are some ways in which risk affects the financial management of sport organizations:
1. Revenue Generation: Sport organizations rely heavily on revenue sources such as ticket sales, sponsorships, broadcasting rights, merchandise sales, and licensing agreements. However, these revenue streams are subject to various risks, including changes in consumer behavior, economic downturns, legal and regulatory factors, and unforeseen events (e.g., pandemics, natural disasters). The uncertainty associated with these risks can affect revenue projections and financial planning.
2. Financial Stability: Risk management is crucial for maintaining financial stability within sport organizations. Poor financial management or failure to mitigate risks can lead to financial difficulties, debt accumulation, and even bankruptcy. Mitigating risks through strategies such as diversifying revenue sources, creating contingency plans, and implementing effective financial controls can help ensure the long-term financial sustainability of sport organizations.
3. Capital Investment: Sport organizations often require significant capital investments for infrastructure development, facility upgrades, player acquisitions, and technology advancements. These investments carry inherent risks, such as cost overruns, delays, changing market conditions, and project failures. Proper risk assessment and analysis are essential to make informed investment decisions and mitigate potential financial losses.
4. Financial Planning and Budgeting: Risk considerations should be integrated into financial planning and budgeting processes. Identifying and assessing risks helps organizations allocate resources effectively, set realistic financial targets, and develop contingency plans. It allows them to anticipate potential financial setbacks and make adjustments to ensure financial objectives are achieved.
5. Insurance and Risk Transfer: Sport organizations can manage certain risks by obtaining insurance coverage or transferring risks to external parties through contractual agreements. Insurance policies can help mitigate financial losses resulting from events such as property damage, liability claims, event cancellations, or injuries to athletes. Risk transfer mechanisms can provide financial protection and minimize the impact of unexpected events.
6. Reputation and Brand Risks: Reputational risks can significantly impact the financial health of sport organizations. Negative publicity, scandals, ethical issues, or player misconduct can lead to loss of sponsorships, decreased fan support, and damage to the organization's brand value. Managing and mitigating reputation-related risks are crucial for maintaining financial stability and sustaining long-term success.
In summary, risk management is an integral part of financial management in sport organizations. By identifying, assessing, and effectively managing risks, these organizations can protect their financial health, enhance decision-making processes, and ensure long-term financial sustainability.
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Which of the following is not a purpose of business process documentation? a. Facilitating process improvement b. Specifying accountability c. Training d. Supporting internal audit e. All of the above are purposes of business process documentation.
The option that is NOT a purpose of business process documentation is e. All of the above are purposes of business process documentation.
While all of the listed purposes can be associated with business process documentation to some extent, there is one purpose that stands out as not being directly related. That purpose is specifying accountability (option b). Business process documentation primarily focuses on documenting the steps, activities, and flow of a process, as well as the inputs, outputs, and responsibilities associated with it. While accountability may be implied or inferred from the documentation, it is not a primary purpose of documenting business processes.
The other options, a, c, d, are valid purposes of business process documentation:
a. Facilitating process improvement: Documentation provides a clear understanding of the existing process, enabling identification of inefficiencies, bottlenecks, and areas for improvement.
c. Training: Documented processes serve as a reference for training new employees, ensuring consistency and accuracy in performing tasks.
d. Supporting internal audit: Well-documented processes provide a basis for internal audit activities, allowing auditors to assess compliance, internal controls, and adherence to established procedures.
Therefore, the correct answer is b. Specifying accountability is not a primary purpose of business process documentation.
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Percision Electric Vehicles creates two sales teams to increase the sales of their vehicles. Each sales member is paid a commission per vehicle sold. However, the team that sells the most earns an additional $1,000 bonus each month. One of the advantages is ___.
a)The teams are more likely to have intra group competitiveness
b)Teams try to outperform one another to achieve sales goals
c)The creation of the teams will encourage team members to get a "free ride"
d)All of the above.
the answer is b)Teams try to outperform one another to achieve sales goals.
Precision Electric Vehicles created two sales teams to increase the sales of their vehicles. Each sales member is paid a commission per vehicle sold. However, the team that sells the most earns an additional $1,000 bonus each month. The answer to the question is that the advantage of the sales team is that b) Teams try to outperform one another to achieve sales goals.Precision Electric Vehicles has used sales teams to promote sales. Sales teams are important because they can help increase sales through intra-group competition and by allowing team members to collaborate to achieve the team's goals. The first advantage of sales teams is that they increase sales through intra-group competition. This type of competition allows the teams to push themselves to achieve better results, resulting in increased sales. The second advantage of sales teams is that they encourage collaboration among team members to achieve the team's goals, and individual success is linked to the team's success. Therefore, it becomes a motivation to sell more, and it helps to increase sales. So, the answer is b)Teams try to outperform one another to achieve sales goals.
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true or false?
When common stock is issued in exchange for land, the land should be recorded in the accounts at the par amount of the stock issued.
False. When common stock is issued in exchange for land, the land should be recorded in the accounts at the fair value of the land, not at the par amount of the stock issued.
Par value is a nominal value assigned to each share of stock and is often a small amount specified in the company's articles of incorporation. It represents the minimum legal capital required by some jurisdictions.
In an exchange of common stock for land, the fair value of the land should be used to determine the initial value of the land in the company's accounts. Fair value represents the market value of the land at the time of the exchange and reflects its worth in the current market conditions.
Recording the land at its fair value provides a more accurate representation of the economic value of the land received in exchange for the common stock. It aligns with the principle of recording assets at their fair values to present a true and fair view of the company's financial position.
Therefore, the land should be recorded at fair value, not at the par amount of the stock issued.
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The Gorman Manufacturing Company must decide whether to manufacture a component part at its Milan, Michigan, plant or purchase the component part from a supplier. The resulting profit is dependent on
The resulting profit in the decision to manufacture a component part at Gorman Manufacturing Company's Milan, market conditions, and strategic considerations.
Manufacturing the component part in-house allows the company to have more control over the production process, quality standards, and potential cost savings. However, it also requires investment in machinery, infrastructure, and skilled labor. On the other hand, purchasing from a supplier may provide cost savings, especially if the supplier specializes in the component and can achieve economies of scale. It may also offer flexibility in managing production capacity and reducing time-to-market. The decision ultimately involves analyzing the financial implications, weighing the costs, risks, and benefits associated with each option to maximize profitability and meet the company's strategic goals.
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Morgana Film Productions Inc. purchased a copier on Jan 1, 2021 for $13,000 with a residual value of $1200. Useful life is 5 years or 100,000 copies Copies produced in 2021: 13000 copies; in 2012: 16,000 copies Using the Double Declining Balance Method, calculate: a) The Depreciation Expense in 2011 & 2022 $ in 2021 $ in 2022 b) Accumulated depreciation at the end of 2022 $ c) Book value at the end of 2022
Using the Double Declining Balance Method, we can calculate the depreciation expense, accumulated depreciation, and book value for the copier purchased by Morgana Film Productions Inc.
The copier was purchased on January 1, 2021, for $13,000, with a residual value of $1,200 and a useful life of 5 years or 100,000 copies. In 2021, with 13,000 copies produced, the depreciation expense would be $2,600, and the accumulated depreciation at the end of 2021 would be $2,600. In 2022, with 16,000 copies produced, the depreciation expense would be $2,080, the accumulated depreciation at the end of 2022 would be $4,680, and the book value at the end of 2022 would be $8,320.
a) Depreciation Expense:
Using the Double Declining Balance Method, we can calculate the annual depreciation expense by dividing the remaining book value by the remaining useful life. In 2021, with 13,000 copies produced, the depreciation expense would be ($13,000 - $1,200) / 5 = $2,600. In 2022, with 16,000 copies produced, the remaining useful life would be 5 - 1 = 4 years, and the depreciation expense would be ($10,400 - $1,200) / 4 = $2,080.
b) Accumulated Depreciation:
The accumulated depreciation is the total depreciation expense accumulated over the years. At the end of 2021, the accumulated depreciation would be $2,600. In 2022, we add the depreciation expense for the year, which is $2,080, to the accumulated depreciation from the previous year, resulting in an accumulated depreciation of $2,600 + $2,080 = $4,680.
c) Book Value:
The book value is the original cost minus the accumulated depreciation. At the end of 2022, the book value would be the original cost of $13,000 minus the accumulated depreciation of $4,680, which equals $8,320.
By applying the Double Declining Balance Method, Morgana Film Productions Inc. can accurately track the depreciation of their copier over time, calculate its accumulated depreciation, and determine its book value at any given point.
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. analysis techniques that emphasire general aspects of job describes perceptual, interpersonal, sensory, cognitive, and physical activities. A Work-oriented job & Employee-oriented C Worker-oriented job D. Government oriented
The analysis techniques that emphasize general aspects of the job describe perceptual, interpersonal, sensory, cognitive, and physical activities.
Job analysis is a method for gathering data about employment responsibilities and the characteristics necessary to do those responsibilities. Job analysis focuses on analyzing the responsibilities and functions required of an individual to carry out a task efficiently. Techniques for job analysis, which emphasize general aspects of the work, are usually divided into three categories: task-oriented, worker-oriented, and hybrid methods. A task-oriented technique, also known as a work-oriented approach, assesses the requirements for carrying out job functions.
Worker-oriented or employee-oriented techniques look at how to train, develop, and evaluate employees by examining their skills, experience, knowledge, and personal characteristics. Sensory, perceptual, cognitive, interpersonal, and physical activities are frequently evaluated using these techniques. Thus, the analysis techniques that emphasize general aspects of the job describe perceptual, interpersonal, sensory, cognitive, and physical activities.
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which of the following is not a component of capm?group of answer choices
A. time value of money
B. amount of unsystematic risk
C. risk-free rate
D. reward for bearing market risk
The correct answer is b. amount of unsystematic risk.
b. amount of unsystematic risk.
the capital asset pricing model (capm) is a financial model that calculates the expected return on an investment based on its systematic risk. it consists of the following components:
a. time value of money: capm considers the time value of money by discounting future cash flows to their present value.
c. risk-free rate: capm incorporates a risk-free rate, which represents the return an investor would expect from a risk-free investment, such as a government bond.
d. reward for bearing market risk: capm includes the market risk premium, which represents the additional return an investor expects for bearing the systematic risk of the overall market.
b. amount of unsystematic risk: this is not a component of capm. unsystematic risk refers to the risk that is specific to an individual investment and can be reduced through diversification. capm focuses on systematic risk, which is the risk inherent in the overall market and cannot be diversified away.
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Summits expects total sales of $699,500 for January and $352,000 for February. Assume that Summits' sales are collected as follows: i (Click the icon to view the collection history.) November sales totaled $397,000, and December sales were $398,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Net Accounts Receivable balance on February 28. Round answers to the nearest dollar. Prepare a schedule of cash receipts from customers for January and February. (If an input field is not used in the table leave the input field empty; do not enter a zero.) Cash Receipts from Customers February January 699500 Total sales January X Cash Receipts from Customers: More info Nov.-Credit sales, collection of Nov. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Feb. Jan.-Credit sales, collection of Jan. sales in Jan. Jan.-Credit sales, collection of Jan. sales in Feb. Feb.-Credit sales, collection of Feb. sales in Feb. Total cash receipts from customers Determine the Net Accounts Receivable balance on February 28. Net Accounts Receivable balance on February 28 352000 February Included in Accounts Receivable at February 28 50% in the month of the sale 40% in the month after the sale 8% two months after the sale 2% never collected Print Done
The cash receipts from customers for January and February are as follows: January: $799,000 (consisting of $397,000 from November sales, $398,000 from December sales collected in January,
February: $357,000 (consisting of $4,500 from January sales collected in February and $352,000 from February sales collected in February)
The Net Accounts Receivable balance on February 28 is $345,000. This is calculated by taking 50% of the January sales, 40% of the February sales, and subtracting the cash receipts collected in February. To calculate the cash receipts from customers, we consider the collection history provided. For January, we add the November sales ($397,000), December sales collected in January ($398,000), and January sales collected in January ($4,500). This gives a total of $799,000. For February, we add the January sales collected in February ($4,500) and the February sales collected in February ($352,000), resulting in $357,000. To determine the Net Accounts Receivable balance on February 28, we apply the given percentages. We take 50% of the January sales ($699,500), which is $349,750. We also take 40% of the February sales ($352,000), which is $140,800. Subtracting the cash receipts collected in February ($357,000) from the total calculated above gives us the Net Accounts Receivable balance of $345,550. Rounded to the nearest dollar, it is $345,000.
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the+electric+power+company+in+a+city+increased+its+prices+by+15%+this+year.+since+the+demand+for+electricity+is+a(n)+________+demand+in+the+short+run,+the+firm's+revenues+will
The demand for electricity is a(n) inelastic demand in the short run, so the firm's revenues will increase despite the 15% price increase.
In the short run, the demand for electricity tends to be relatively inelastic, meaning that changes in price have a limited impact on consumer behavior. People rely on electricity for essential needs and find it difficult to reduce consumption immediately in response to price changes. Therefore, even with a 15% price increase, the demand for electricity is likely to remain relatively stable. As a result, the electric power company can expect its revenues to increase as a result of the price hike. This is because the increase in price will generate more revenue per unit of electricity sold, compensating for any potential decrease in demand. However, in the long run, consumers may seek alternatives or adjust their consumption patterns, leading to a more elastic demand response.
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PROBLEM-SOLVING EXERCISES1. Do research on the Web to find several popular Webauction sites. After researching these sites, use a word processorto write a report on the advantages and potential pro
Popular web auction sites like eBay, Amazon Auctions, and eBid offer advantages such as a wide range of products, competitive prices, and convenient online shopping. However, potential drawbacks include scams, counterfeit products, and bidding wars.
Popular web auction sites like eBay, Amazon Auctions, and eBid offer several advantages to both buyers and sellers. These platforms provide a vast selection of products, ranging from new to used items, often at competitive prices. Online auctions allow individuals to buy and sell from the comfort of their homes, providing convenience and accessibility. However, there are potential drawbacks to consider. Fraudulent activities, scams, and counterfeit products can be risks associated with online auctions, necessitating caution, and due diligence. Additionally, bidding wars can drive up prices, making it challenging to secure desired items at affordable rates. It is essential for users to be aware of these advantages and potential pitfalls when engaging in online auction activities.
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On March 1, 2021, Navy Corporation used excess cash to purchase U.S. Treasury bonds for $100,000 plus accrued interest. The bonds were purchased at face value. The appropriate interest rate is 6%. Interest on these bonds is payable on January 1 and July 1 of each year. Navy’s investment is accounted for as held-to-maturity. The fair value of the Treasury bonds is $101,000 at year-end.
Required:
Prepare the appropriate journal entries to record the transactions for the year, including any year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1) record the purchase of U.S. Treasury bonds for cash and accrued interest
2) record the cash received for interest revenue and receivable
3) record the entry for interest received
No adjustment is required for the fair value of the Treasury bonds since they are accounted for as held-to-maturity. The fair value is not recognized in the accounting records unless the bonds are sold before maturity.
11) On March 1, 2021, when Navy Corporation purchases U.S. Treasury bonds for cash and accrued interest, the following journal entry is made:
U.S. Treasury Bonds $100,000
Cash $100,000
To record the purchase of U.S. Treasury bonds at face value.
2) On July 1, 2021, when Navy Corporation receives cash for interest revenue and creates a receivable, the following journal entry is made:
Cash $3,000
Interest Receivable $3,000
To record the receipt of interest revenue and establish the interest receivable for the period.
3) At year-end, on December 31, 2021, when Navy Corporation receives the interest payment, the following journal entry is made:
Cash $3,000
Interest Revenue $3,000
To record the interest received on the U.S. Treasury bonds.
No adjustment is required for the fair value of the Treasury bonds since they are accounted for as held-to-maturity. The fair value is not recognized in the accounting records unless the bonds are sold before maturity.
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