What payroll service does QuickBooks NOT recommend?





Answer:



A.

Manual








B.

Basic








C.

Enhanced








D.

Full Service

Answers

Answer 1

QuickBooks does not recommend the manual payroll service.

QuickBooks offers different payroll service options to meet the varying needs of businesses. The payroll services provided by QuickBooks include Basic, Enhanced, and Full Service. However, QuickBooks does not recommend the manual payroll service.

The manual payroll service requires businesses to manually calculate and process their payroll, including calculating tax deductions, filing payroll taxes, and issuing paychecks. This process can be time-consuming and prone to errors if not handled accurately. QuickBooks discourages the use of manual payroll service because it lacks the automation and integration features provided by their other payroll service options.

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At the end of its first year of operations on December 31, 2017, NBS Company's accounts show the following.

Partner Drawings Capital
Art Niensted $23,000 $48,000
Greg Bolen $14,000 $30,000
Krista Sayler $10,000 $25,000

The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2017 has not been closed to the partners' capital accounts.

Required:

Journalize the entry to record the division of net income for the year 2017 under the following assumption:

Net income is $19,000. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $15,000 salary allowance. The remainder is shared equally.

Answers

The net income of $19,000 is debited to the Income Summary account. Then, Niensted, Bolen, and Sayler's capital accounts are credited with their respective shares of net income. Niensted's salary allowance of $15,000 is also credited to his capital account.

To journalize the entry to record the division of net income for the year 2017, we will follow the given assumptions:

1. Net income is $19,000.

2. Each partner is allowed interest of 10% on beginning capital balances.

3. Niensted is given a $15,000 salary allowance.

4. The remainder is shared equally.

The journal entry would be as follows:

Income Summary                               $19,000

  Niensted, Capital                                $2,300

  Bolen, Capital                                      $1,400

  Sayler, Capital                                     $1,000

  Niensted, Salary Allowance               $15,000

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The relationship between tax incentives and SME enterprise. ( Do
it in point )

Answers

The relationship between tax incentives and SME enterprises are as follows:

Tax incentives are considered to be one of the most effective tools to support small and medium-sized enterprises (SMEs). The benefits of tax incentives to SMEs include the following:

Tax incentives help SMEs to improve their financial position and increase their cash flows, allowing them to make investments in new equipment or to hire more employees. This will help to improve their productivity and competitiveness.

Tax incentives also help SMEs to reduce their tax liabilities, which means that they will have more resources to invest in their businesses. This will help to increase their profits and growth potential.

Tax incentives are also an effective way to encourage SMEs to invest in new technologies and processes that can help them to improve their operations and competitiveness.

Tax incentives also encourage SMEs to take advantage of new business opportunities, which can help them to expand their customer base and increase their revenues.

Tax incentives also help to promote entrepreneurship and innovation by providing SMEs with the financial resources and support they need to pursue new business ideas and develop new products and services.

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What is happening to the U.S. real exchange rate in each of the following situations? Explain. a. The U.S. nominal exchange rate is unchanged, but prices rise faster in the United States than abroad. b. The U.S. nominal exchange rate is unchanged, but prices rise faster abroad than in the United States. c. The U.S. nominal exchange rate declines, and prices are unchanged in the United States and abroad. d. The U.S. nominal exchange rate declines, and prices rise faster abroad than in the United States.

Answers

The U.S. real exchange rate would appreciate in situation a, depreciate in situation b, appreciate in situation c, and depreciate in situation d.

a. In this situation, the real exchange rate of the U.S. would appreciate. The increase in prices in the United States relative to other countries would make U.S. goods relatively more expensive, leading to a decrease in competitiveness and an appreciation of the real exchange rate.

b. In this situation, the real exchange rate of the U.S. would depreciate. The faster rise in prices abroad compared to the United States would make foreign goods relatively more expensive, leading to a decrease in competitiveness and a depreciation of the real exchange rate.

c. In this situation, the real exchange rate of the U.S. would appreciate. The decline in the nominal exchange rate would make foreign goods relatively more expensive, compensating for the unchanged prices in both countries and leading to an appreciation of the real exchange rate.

d. In this situation, the real exchange rate of the U.S. would depreciate. The combination of a decline in the nominal exchange rate and faster price increases abroad would make foreign goods even more expensive relative to domestic goods, leading to a depreciation of the real exchange rate.

Hence, The real exchange rate of a country is influenced by factors such as changes in prices, nominal exchange rates, and relative competitiveness, and these factors can lead to either appreciation or depreciation of the real exchange rate depending on the specific circumstances.

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McDonalds can be referred to as a lean operation, what does this mean? Explain relating to relevant lean theory e.g., 7 wastes ,5 lean steps . Referring to Key Operations management laws how does the company deal with uncertainty in demand and supply through its buffering strategy?

Answers

McDonald's can be referred to as a lean operation because it has successfully implemented lean principles that allow it to provide high-quality products to customers at a low cost while maintaining high efficiency and minimizing waste. The company uses forecasting, capacity planning, and inventory management to deal with uncertainty in demand

McDonald's can be considered a lean operation because the fast-food giant has successfully implemented lean principles that allow it to provide high-quality products to customers at a low cost while maintaining high efficiency and minimizing waste. In a lean operation, the focus is on eliminating waste, streamlining processes, and increasing efficiency.
McDonald's has implemented various lean techniques such as 5S, JIT, and Kaizen to ensure that their operations are as efficient as possible. The company has also successfully applied the seven types of waste management to eliminate non-value-adding activities in its processes. The seven types of waste are transport, inventory, motion, waiting, overproduction, overprocessing, and defects.
To deal with the uncertainty in demand and supply through its buffering strategy, McDonald's uses a combination of forecasting, capacity planning, and inventory management. Forecasting involves predicting future demand by analyzing sales data, customer trends, and other relevant factors. Capacity planning ensures that the company has enough resources and staff to meet demand.
Finally, inventory management involves maintaining optimal inventory levels to avoid stockouts while minimizing waste and storage costs. McDonald's uses a Just-in-Time (JIT) inventory system, which involves ordering and receiving inventory only when needed to reduce inventory costs.

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Craft Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectable materials defects. Spoiled units generally constitute 5% of the good units. Data for December 20x3 are as follows: WIP, beginning inventory 12/1/20x3 10,000 units Direct materials (100% complete) Conversion costs (75% complete) Started during December Completed and transferred out 12/31/20x3 WIP, ending inventory 12/31/20x3 40,000 units 38,400 units 8,000 units Direct materials (100% complete) Conversion costs (65% complete) Costs for December: WIP, beginning Inventory: Direct materials Conversion costs $ 50,000 30,000 100,000 140,000 Direct materials added Conversion costs added What is the total cost per equivalent unit using the FIFO method of process costing? What cost is allocated to abnormal spoilage using the FIFO process-costing method? What is the total cost assigned to ending work in process using the weighted-average process-costing method? What is the total cost assigned to ending work in process using the FIFO process-costing method? What is the total cost of units transferred out using the weighted-average process-costing method?

Answers

Therefore, the total cost of units transferred out using the weighted-average process-costing method is $153,924.

What is the total cost per equivalent unit using the FIFO method of process costing?Using the FIFO method, total cost per equivalent unit = (Cost of beginning work in process inventory + cost added during the month) ÷ equivalent units of productionWe have been given that WIP beginning inventory was 10,000 units; the Direct Materials added were 38,400 units, and the Conversion costs added were 40,000 units. Hence, the total equivalent units of production = 38,400 + 40,000 - 10,000 = 68,400 units

Direct materials cost per unit = (Direct materials at beginning inventory + Direct materials added during December) ÷ equivalent units of production= ($50,000 + $30,000) ÷ 68,400 = $0.95

Conversion costs per unit = (Conversion costs at beginning inventory + Conversion costs added during December) ÷ equivalent units of production= ($100,000 + $140,000) ÷ 68,400 = $3.08

Thus, the total cost per equivalent unit = $0.95 + $3.08 = $4.03What cost is allocated to abnormal spoilage using the FIFO process-costing method?In process costing, abnormal spoilage is charged to the Cost of Goods Sold account. Hence, no cost is allocated to abnormal spoilage using the FIFO process-costing method. What is the total cost assigned to ending work in process using the weighted-average process-costing method? Using the weighted-average method,

Units transferred out = Total units produced - Ending work in process= (38,400 + 40,000) - 40,000 = 38,400 units

Total cost of units transferred out = Units transferred out × Total cost per equivalent unit= 38,400 × $4.01 = $153,924.

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South Inc. is projected to have earnings per share (EPS) of $4.60 next year (at t=1) and they are expected to pay a cash dividend of $3.10 at that same time. Earnings and dividends are expected to grow at 7.0% per year for the foreseeable future. The current price of South Inc. stock is $58.25 per share. What is the required rate of return for South Inc. equity or stock? [Enter your answer in percent form, but do not show a percent sign (%). For example: for 11.5%, enter 11.5]

Answers

The required rate of return for South Inc. equity or stock is 13.95%.

To calculate the required rate of return, we can use the Gordon Growth Model, which assumes that the stock price is the present value of all future dividends. The formula for the Gordon Growth Model is:

[tex]\(\text{Price} = \frac{\text{Dividend}}{\text{Rate of Return} - \text{Growth Rate}}\)[/tex]

Using the given information:

Dividend = $3.10

Growth Rate = 7.0%

Price = $58.25

We can rearrange the formula to solve for the rate of return:

[tex]\(\text{Rate of Return} = \frac{\text{Dividend}}{\text{Price}} + \text{Growth Rate}\)[/tex]

Substituting the values:

[tex]\(\text{Rate of Return} = \frac{3.10}{58.25} + 0.07\)[/tex]

[tex]\(\text{Rate of Return} = 0.0532 + 0.07\)[/tex]

[tex]\(\text{Rate of Return} = 0.1232\)[/tex]

Converting to percent form, the required rate of return for South Inc. equity or stock is 12.32%.

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positive analysis on the desirability of increasing legal immigration to the United States:
What impact will increasing legal immigration have on the US labor market?
How will workers in the US be affected?
How will firms in the US be affected?
What will happen to wages and the level of employment in the US?
How will consumers be affected?
Are there any other impacts that should be considered?

Answers

Increasing legal immigration to the United States can have several positive impacts on the labor market and the overall economy:

Impact on the US labor market: Increasing legal immigration can help address labor shortages in specific sectors or regions. Immigrant workers can fill gaps in industries that face a shortage of skilled or unskilled labor, contributing to increased productivity and economic growth. They can also bring diverse skill sets and knowledge that complement the existing workforce.

Effect on US workers: While there might be concerns about potential competition for jobs, studies suggest that the overall impact on native-born workers is modest. Immigrants often take jobs that complement the skills of native workers, leading to job specialization and increased productivity. Additionally, immigrant entrepreneurs can create new businesses and job opportunities for both native-born and immigrant workers.

Impact on US firms: Increasing legal immigration can benefit US firms by expanding the pool of available talent, allowing them to access a wider range of skills and expertise. This can foster innovation, increase competitiveness, and lead to the growth of industries that rely on immigrant labor, such as healthcare, technology, and agriculture.

Effects on wages and employment: The impact on wages and employment is complex and depends on various factors such as the skill level of immigrants, the specific labor market conditions, and the speed of integration into the workforce. Research suggests that immigration has a small, positive effect on average wages for native-born workers in the long run. Additionally, immigrants can contribute to job creation and entrepreneurship, positively impacting overall employment levels.

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Which of the following is NOT correct regarding the duties of the board of directors, and compliance with their duties? A Directors should demonstrate loyalty when acting for the benefit of third parties B I do not want to answer this question с Directors should avoid conflicts of interest D Directors should act in good faith for those for whom they work E Directors should exercise high diligence and due care when acquiring or processing information 10. The problem with using the EBITDA metric is that: A It is before interest payments and hence misleading about the effect of debt B It is after costs and hence a reflection of the operational side of the business C It is before taxes and therefore it does not stand for cash flows free to be paid to debt and equity holders D It is adjusted for one-off items that are often recurrent, hence a source of potential manipulation E I do not want to answer this question

Answers

The option that is NOT correct regarding the duties of the board of directors and compliance with their duties is A. Directors should demonstrate loyalty when acting for the benefit of third parties.

What is the reason?

A director should follow all rules and regulations. They must also demonstrate loyalty when acting for the benefit of the company or company shareholders.

Therefore, loyalty to the third party is not accurate regarding the duties of the board of directors, and compliance with their duties.

The following are the correct statements regarding the duties of the board of directors: Directors should avoid conflicts of interest. Directors should act in good faith for those for whom they work.

Directors should exercise high diligence and due care when acquiring or processing information. The problem with using the EBITDA metric is that it is before interest payments and hence misleading about the effect of debt. A company's debt is a significant cost, and using a metric that doesn't take it into account might be misleading.

The other options about the EBITDA metric are as follows: It is after costs and hence a reflection of the operational side of the business - This statement is not a problem with using the EBITDA metric.

It is before taxes and therefore it does not stand for cash flows free to be paid to debt and equity holders - This is a potential problem with using the EBITDA metric because it doesn't take taxes into account.

It is adjusted for one-off items that are often recurrent, hence a source of potential manipulation - This is a potential problem with using the EBITDA metric because companies might manipulate it by including/excluding one-off items.

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Help Submit Save & Exit Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised break-even point in units would: Multiple Choice Increase by 250 Decrease by 250 Increase by 12,000. Decrease by 8,000. Increase by 8,000

Answers

The revised break-even point in units would decrease by 250.

If Forrester Company purchases the new equipment, the revised break-even point in units would decrease by 250.

Here's the calculation:

Current fixed costs: $120,000

Current variable cost per unit: $70

Current break-even units: 4,000

Current break-even sales: $400,000

Revised fixed costs: $150,000

Revised variable cost per unit: $70 - $10 = $60

The formula to calculate the break-even point in units is:

Break-even units = Fixed costs / (Selling price per unit - Variable cost per unit)

Current break-even units = $120,000 / ($100 - $70) = $120,000 / $30 = 4,000 units

Revised break-even units = $150,000 / ($100 - $60) = $150,000 / $40 = 3,750 units

The difference between the current break-even units and the revised break-even units is 4,000 - 3,750 = 250 units. Therefore, the revised break-even point in units would decrease by 250.

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Q3. In the chemical process industry, there are various routes for manufacturing chemicals. A search of the literature reveals many different processes to produce chemical (Dimethyl Terephthalte). Assume 8000 operational hours per year. Land cost is not included in the total capital investment. Prepare a detailed production report and answer the following questions. (Assume suitable data wherever necessary. Give proper references if data collection is from external sources. (* Each student will be given a separate chemical product) a) Select the various available processes used in the industry and discuss the major differences between each process. Prepare a qualitative flow sheet for one selected process. b) Calculate the total cost of all major equipment used in the above process for a 50,000 tons per year production capacity. c) Estimate fixed capital investment and the total capital investment cost if the working capital is 14% of total capital investment. d) Calculate the production cost per unit and total gross profit for the given production capacity. Compare the production cost per unit with the market cost. e) What factors are responsible for unit product costs that differ from other global markets? Justify your answer with detailed description of factors.

Answers

Terephthalic acid is esterified with methanol to produce Dimethyl Terephthalate in a industry. The process is carried out in the presence of a catalyst at 180°C.

a) Select the various available processes used in the industry and discuss the major differences between each process. Prepare a qualitative flow sheet for one selected process.Dimethyl Terephthalate can be manufactured using a number of routes, including:Orthoxylene process: This process involves the conversion of ortho-xylene to Dimethyl Terephthalate. This process uses an acid catalyst at elevated temperatures in order to carry out the reaction of ortho-xylene and oxygen. This is a single-stage process that takes place at temperatures between 170°C and 200°C.Para-xylene process: This process involves the conversion of para-xylene to Dimethyl Terephthalate. Para-xylene undergoes a two-step oxidation reaction to form Terephthalic acid which is then esterified with methanol to form DMT. The process is carried out at 180°C using a catalyst comprising of Cobalt and Manganese metals.Esterification process: In this process, Terephthalic acid is esterified with methanol to produce Dimethyl Terephthalate. The process is carried out in the presence of a catalyst at 180°C.

The fixed capital investment (FCI) and total capital investment (TCI) cost are estimated as follows:Fixed capital investment (FCI)FCI = CE × SWhere, S is the capacity of the plant = 50,000 tons/year.  FCI = 240,961,800 × 50,000 = $12,048,090,000Total capital investment (TCI)TCI = FCI × (1 + F)Where, F is the working capital as a fraction of fixed capital investment = 0.14  TCI = 12,048,090,000 × (1 + 0.14) = $13,735,791,600.Therefore, the fixed capital investment and total capital investment cost for the para-xylene process for manufacturing Dimethyl Terephthalate is estimated to be $12,048,090,000 and $13,735,791,600, respectively.d) Calculate the production cost per unit and total gross profit for the given production capacity. Compare the production cost per unit with the market cost.Production cost per unit (Cp)Cp = (TCI × i) / (Q × (1 - i))Where, i is the interest rate = 0.15, Q is the production capacity = 50,000 tons/year.TCI is the total capital investment cost which is estimated to be $13,735,791,600.Cp = (13,735,791,600 × 0.15) / (50,000 × (1 - 0.15)) = $7,318/tonTotal gross profitTotal gross profit (TGP) = (Total revenue) – (Total production cost)Total revenue (TR) = Q × market price of Dimethyl Terephthalate (DMT) = 50,000 × $1522 = $76,100,000Total production cost (TPC) = Cp × Q = 7,318 × 50,000 = $365,900,000TGP = 76,100,000 – 365,900,000 = –$289,800,000.

In regions where the cost of labor is low, the production cost of DMT will be lower compared to other regions.Regulatory compliance: The cost of regulatory compliance varies from region to region. In regions where regulatory compliance is more stringent, the production cost of DMT will be higher compared to other regions.Infrastructure cost: The cost of infrastructure such as land, transportation, and storage facilities can vary significantly based on the location of the plant. In regions where the cost of infrastructure is low, the production cost of DMT will be lower compared to other regions.

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Explain either fiscal policy is useful or not in fighting recession according to the monetarists. Use IS-LM graph to explain your answer.

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According to monetarists, fiscal policy is not as effective in fighting recessions as it is believed to be.

Monetarists argue that fiscal policy, which involves government spending and taxation, may have limited impact on the overall economy. They emphasize the importance of monetary policy, which is controlled by the central bank, in managing the business cycle.

To understand the monetarist perspective, we can analyze the IS-LM graph. In the IS-LM framework, the IS curve represents the relationship between real output (Y) and the interest rate (r), while the LM curve represents the relationship between the interest rate (r) and the level of money supply (M).

Monetarists argue that an expansionary fiscal policy, such as an increase in government spending, will shift the IS curve to the right. This would initially increase output (Y1) and lead to a higher interest rate (r1). However, as the interest rate rises, it affects the investment and consumption decisions of households and businesses, leading to a contractionary effect on output. This contractionary effect would cause the IS curve to shift back to its initial position, resulting in a smaller increase in output (Y2) compared to the initial impact.

Monetarists believe that fiscal policy has limited effectiveness in fighting recessions because the initial expansionary impact is offset by subsequent contractionary effects. They argue that monetary policy, through adjustments in the money supply, is more efficient in stabilizing the economy.

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1.Suppose The Relationship Between Output And The Factors Of Production In An Economy Can Be Approximated By The Following Cobb-Douglas Production Function: Y=AKaL(1-A) , Where A Is The Multifactor Productivity, K Is The Capital, A=0.4 Is The Input Share Of Capital And L Is The Number Of Hours Worked. If Capital K Is Increased By 40%, By How Much Will Output
1.Suppose the relationship between output and the factors of production in an economy can be approximated by the following Cobb-Douglas production function:
Y=AKaL(1-a) ,
where A is the multifactor productivity, K is the capital, a=0.4 is the input share of capital and L is the number of hours worked.
If capital K is increased by 40%, by how much will output Y increase?

Answers

The relationship between output and the factors of production in an economy can be approximated by the following Cobb-Douglas production function:

Y=AKaL(1-a),

If capital K is increased by 40%, output Y will increase by 18.98%.

Explanation:

Cobb-Douglas production function is a type of production function named after two economists, W. Cobb and P. Douglas, who jointly worked on it in 1927. The standard form of the Cobb-Douglas production function is as follows:

Y=A×Kα×Lβ

where:

Y = output

A = total factor productivity

K = capital

L = laborα and

β =output elasticities of capital and labor.

K increases by 40% or K' = 1.4K

Therefore,

Y' = A(K')α L(1-α)

Substituting the value of K' in the above equation

Y' = A (1.4K)α L(1-α)Y'

= A (1.4)α Kα L(1-α)

Therefore, the percentage increase in Y is:

Percentage increase in Y= ((Y′ − Y) / Y) × 100

Percentage increase in Y= ((A (1.4)α Kα L(1-α) − AKα L(1-α)) / AKα L(1-α)) × 100

Percentage increase in Y= ((1.4)α − 1) × 100

Percentage increase in Y= ((1.4)^0.4 − 1) × 100

Percentage increase in Y= 18.98%

Therefore, output Y will increase by 18.98%.

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The following six parts are ALL based on the status quo of company BW. (1) Company BW has issued 10,000 zero-coupon bonds with a face value of $1,000. Those bonds will mature in 8 years and the current market price is $576.18 per bond. Marginal corporate income tax rate is 20%, find the annual after-tax effective cost of debt.

Answers

The annual after-tax effective cost of debt for Company BW is approximately 4.22%.

(1) Company BW has issued 10,000 zero-coupon bonds with a face value of $1,000. Those bonds will mature in 8 years and the current market price is $576.18 per bond. Marginal corporate income tax rate is 20%, find the annual after-tax effective cost of debt. Zero-coupon bonds are bonds that pay no interest payments, but instead sell at a discount to their face value and then pay the full face value at maturity. Company BW has issued 10,000 zero-coupon bonds with a face value of $1,000 that will mature in 8 years and the current market price is $576.18 per bond.

The marginal corporate income tax rate is 20%.The annual effective cost of debt of zero-coupon bonds can be found using the following formula:

Annual after-tax effective cost of debt = (face value of the bond – current market price of the bond) / (face value of the bond) + (current market price of the bond) * (marginal corporate income tax rate) / (face value of the bond) + years to maturity of the bond)

In this case, the annual after-tax effective cost of debt is :Annual after-tax effective cost of debt = ($1,000 - $576.18) / ($1,000 + $576.18) + ($576.18 * 20%) / ($1,000 + 8)≈ 4.22%

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Swifty Corporation purchased a delivery truck for $26,000 on January 1, 2022. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,300 in 2022 and 11,400 in 2023. * Your answer is incorrect. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost $ 3,000 per mile eTextbook and Media List of Accounts

Answers

So, the depreciable cost per mile under units-of-activity method is $0.24.

Units-of-activity method of depreciation is the depreciation of a fixed asset based on the number of units it produces or the number of hours it operates. Under the units-of-activity method, the asset's expected life is expressed in terms of the total number of units expected to be produced or the total number of hours expected to be worked by the asset. The depreciable cost per unit or hour is computed by dividing the depreciable cost of the asset by the estimated number of units or hours the asset is anticipated to produce or work.
Cost of delivery truck = $26,000

Salvage value = $2,000

Expected useful life = 8 years

Expected miles = 100,000

Actual miles driven:

In 2022 = 16,300

In 2023 = 11,400

Depreciable cost = Cost of asset - Salvage value

Depreciable cost = $26,000 - $2,000 = $24,000

Depreciation per mile = Depreciable cost/Expected miles

Depreciation per mile = $24,000/100,000 miles

Depreciation per mile = $0.24

Depreciation expense in 2022 = Depreciation per mile x Actual miles driven in 2022

Depreciation expense in 2022 = $0.24 x 16,300 miles

Depreciation expense in 2022 = $3,912

Depreciation expense in 2023 = Depreciation per mile x Actual miles driven in 2023

Depreciation expense in 2023 = $0.24 x 11,400 miles

Depreciation expense in 2023 = $2,736

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Imagine a firm engaged in third degree price discrimination sells its product to consumers in two states, California and Florida. At the profit-maximizing quantities for California and Florida, the firm estimates the price elasticity of demand for its product in California is 2, while in Florida the price elasticity is 2. Accordingly, the firm will charge a higher price to consumers in California. A. B. True False A. B. C. D. [7] Continuing question (6), at the profit-maximizing quantities for California and Florida we know: the marginal revenue in Florida exceeds the marginal revenue in California the marginal revenue in California exceeds the marginal revenue in Florida the marginal revenues in California and Florida equal each other unable to determine, since not enough information is provided [8] Avi is willing to pay $70 to consume a steak dinner at the restaurant Sizzler, but only actually pays $20 for a steak dinner. Accordingly, producer surplus equals: A. B. c. D. $15 $35 $50 unable to determine, since not enough information is provided [9] Which antitrust law below is specifically directed towards the use of price discrimination to attempt to monopolize a market? A. Sherman Act B. Clayton Act c. Price Arbitrage Act D None of the above [10] Imagine two firms, 1 and 2, form a cartel, with the goal of maximizing joint profit. Accordingly, if 1 sticks to its quota level of output, then 2 will wish to produce ___than its quota level of output. A. B. more less [11] Mutual interdependence exists in which of the following markets? A. Monopolistic competition B. Monopoly C. Oligopoly D. All of the above [12] Long-run economic profit is driven to zero in the case of monopolistic competition because of entry and exit. A. B. True False

Answers

The question is based on microeconomic concepts, involving third-degree price discrimination, elasticity of demand, marginal revenue, producer surplus, antitrust law, cartel formation, mutual interdependence, and the long-run economic profit. Therefore, the answers to the questions are given below.

1. The given scenario is a case of third-degree price discrimination, which involves charging different prices to different groups of consumers. In this case, the firm estimates the price elasticity of demand for its product in California and Florida, respectively. the price elasticity of demand is higher in California, then the firm will charge a higher price to California consumers. If Therefore, the statement is True.

2. Producer surplus is the difference between the market price and the minimum price a producer is willing to accept for its product. In this case, Avi is willing to pay $70 for a steak dinner, but he only pays $20. Therefore, the producer surplus equals $50.

Hence, the answer is option C.3. The law specifically directed towards the use of price discrimination to attempt to monopolize a market is the Robinson-Patman Act of 1936. It prohibits price discrimination that reduces competition and tends to create a monopoly in any line of commerce.

Therefore, the answer is None of the above.4. A cartel is a group of producers who collude with each other to fix prices and output levels to maximize their joint profit. If one firm sticks to its quota level of output, then the other firm will wish to produce less than its quota level of output.

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A 60-day, 8% note for $13,200, dated May 1, is received from a customer on account. The maturity value of the note, assuming a 360-day year, is Oa. $176 Ob. $13,376 Oc. $13,200 Od. $14.256

Answers

A 60-day, 8% note for $13,200, dated May 1, is received from a customer on account, The maturity value of the note is $13,376.

To calculate the maturity value of the note, we need to consider the principal amount ($13,200) and the interest accrued over the 60-day period at an 8% annual interest rate. Using a 360-day year, the interest can be calculated as follows: Interest = Principal × Rate × Time

= $13,200 × 8% × (60/360)

= $13,200 × 0.08 × (1/6)

= $176

The maturity value is the sum of the principal and the interest, which is $13,200 + $176 = $13,376. Therefore, the correct answer is option Ob. $13,376.

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A 60-day, 8% note for $13,200, dated May 1, is received from a customer on account, The maturity value of the note is $13,376.

To calculate the maturity value of the note, we need to consider the principal amount ($13,200) and the interest accrued over the 60-day period at an 8% annual interest rate. Using a 360-day year, the interest can be calculated as follows: Interest = Principal × Rate × Time

= $13,200 × 8% × (60/360)

= $13,200 × 0.08 × (1/6)

= $176

The maturity value is the sum of the principal and the interest, which is $13,200 + $176 = $13,376. Therefore, the correct answer is option Ob. $13,376.

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what is the net present value of the following sequence of annual cash flows at a discount rate of 16 percent apr? t=1 / -100,000
t=2 / -300,000
Select one:
a. $122,948.87
b. $139,418.23
c. $158,620.69
d. $136,741.97

Answers

The net present value of the given cash flows at a discount rate of 16% apr is approximately -$309,700.

to calculate the net present value (npv) of the given sequence of annual cash flows, we need to discount each cash flow to its present value and then sum them up.

using a discount rate of 16% apr, we can calculate the present value (pv) of each cash flow as follows:

pv(t=1) = -100,000 / (1 + 0.16)¹ = -100,000 / 1.16 ≈ -86,206.90pv(t=2) = -300,000 / (1 + 0.16)² = -300,000 / 1.3456 ≈ -223,494.02

now, we can calculate the npv by summing up the present values:

npv = pv(t=1) + pv(t=2)

   = -86,206.90 + -223,494.02    ≈ -309,700.92 92.

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Suppose a closed economy has an intended investment of 100 and an aggregate consumption function given by C = 250 +0.75Yd. Suppose also that the government spends 50 but collects no taxes. What is equilibrium output and income? (round your answer to the nearest whole value) Your Answer: Answer Question 2 (1 point) = Suppose a closed economy has an aggregate consumption function given by C = 250 + 0.75Yd and generates $2300 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 150. How much will the private sector be saving total in equilibrium?

Answers

Equilibrium output and income = 533; The private sector saving total in equilibrium is $520.

Question 1: Suppose a closed economy has an intended investment of 100 and an aggregate consumption function given by C = 250 +0.75Yd.

Suppose also that the government spends 50 but collects no taxes. What is equilibrium output and income? (round your answer to the nearest whole value)

Aggregate expenditure, AE is:

AE = C + I + G

Where C = 250 +0.75Yd, I = 100 and G = 50

So, AE = 250 +0.75Yd + 100 + 50AE = 400 +0.75Yd

Equilibrium output and income (Y) is where AE = Y400 +0.75Yd = Y0.75Y = 400 + 0.75YdY - 0.75Yd = 400 / 0.75Y - Yd = 1600 / 3d = Y - T

So, Y - 0 = 1600 / 3Y = 1600 / 3Y = 533 (rounded to nearest whole value)

Question 2: Suppose a closed economy has an aggregate consumption function given by C = 250 + 0.75Yd and generates $2300 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 150. Aggregate expenditure, AE is:

AE = C + I + G

Where C = 250 +0.75Yd, I = 100 and G = 50, T = 150So,AE = 250 +0.75Yd + 100 + 50 + ( - 150)AE = 250 +0.75YdThus,2300 = 250 + 0.75Yd 2050 = 0.75Yd2,733.33 = Yd

The level of disposable income is $2733.33

In equilibrium:

S = Y - C - G - T

Where Y = 2300, C = 250 + 0.75Yd = 250 + 0.75(2733.33) = $2580I = 100, G = 50, T = 150

So, S = Y - C - G - TS = 2300 - 2580 - 50 - 150S = $520

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do you think kelvin has had an ethical lapse by cherry-picking the data for his presentation

Answers

Kelvin's action of cherry-picking data for his presentation raises concerns about an ethical lapse.

Cherry-picking data refers to selectively choosing information that supports a particular viewpoint while ignoring contradictory evidence. If Kelvin intentionally engaged in such behavior, it can be seen as an ethical lapse. Ethical conduct in research and presentations requires integrity, honesty, and transparency. By cherry-picking data, Kelvin undermines these principles by presenting a skewed and biased perspective to support his argument.

Cherry-picking data can distort the true nature of a situation, mislead the audience, and undermine the credibility of the presenter. It disregards the importance of a comprehensive and balanced analysis that considers all available data. By omitting contradictory or unfavorable information, Kelvin is presenting an incomplete picture that may lead to incorrect conclusions or misinformed decisions.

Furthermore, cherry-picking data can have serious consequences, especially in fields where decisions are based on evidence and scientific findings. It compromises the integrity of the research process and undermines the trust that others place in the data and the presenter. Ethical lapses in data presentation can have far-reaching implications, affecting not only Kelvin's personal reputation but also the credibility of the entire research or academic community.

In conclusion, Kelvin's cherry-picking of data for his presentation suggests an ethical lapse. Such behavior undermines the principles of integrity, honesty, and transparency expected in research and presentations. It distorts the true nature of the information, misleads the audience, and erodes trust in the research process. Ethical conduct requires presenting a comprehensive and balanced analysis based on all available data.

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Yes, Kelvin has had an ethical lapse by cherry-picking the data for his presentation.

Cherry-picking data refers to the act of selectively choosing or presenting data that supports a particular viewpoint or desired outcome, while ignoring or omitting other relevant data that may provide a more complete or balanced picture. This practice is considered unethical because it distorts the truth and misleads the audience.

By selectively choosing data to support his presentation, Kelvin is intentionally manipulating the information to create a biased view and misrepresent the overall situation. This undermines the integrity of the data and compromises the credibility of his presentation. It is essential to present information accurately and objectively, considering both favorable and unfavorable data, to ensure transparency and fairness.

Cherry-picking data can lead to incorrect conclusions, biased decision-making, and a loss of trust in the individual or organization presenting the information. It is important to adhere to ethical standards in data analysis and presentation to maintain credibility and promote a culture of honesty and integrity.

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The Farley Manufacturing Company prides itself on the quality of its products. The company is engaged in competition for a very important project. A key element is a part that ultimately goes into precision testing equipment. The specifications are
8.000±3.000millimeters. Management is concerned about the capability of the process to produce that part. The accompanying data were randomly collected during test runs of the process.
Click the icon to view the data.
Observation (millimeters)
Sample 1 2 3 4 5 6 7 8
1 9.400 7.800 8.500 7.600 8.100 7.400 9.700 8.900
2 9.300 8.800 9.800 6.900 8.600 8.800 8.300 6.900
3 9.100 8.000 7.800 8.400 8.400 9.400 9.000 9.100
4 9.200 7.600 8.800 9.300 7.800 9.500 8.900 7.500
5 9.700 9.900 8.300 9.300 8.800 9.700 8.000 9.000
Part 2
The process capability​ index,
Cpk​,
is equal to

Answers

Manufacturing is the transformation of raw materials or components into finished products that are suitable for use. The process capability index, Cpk, for the given data is -0.682.

To ensure the quality of its products, Farley Manufacturing Company conducts test runs of its manufacturing processes.

It collects data and uses statistical analysis to determine the quality and reliability of its products. The company is engaged in a very important project, and management is concerned about the capability of the process to produce a part that goes into precision testing equipment.

The specifications are 8.000±3.000millimeters. The process capability index, Cpk, is used to assess the capability of the process to meet customer requirements.

The Cpk for the given data can be calculated as follows:

The process mean, µ = (9.400 + 7.800 + 8.500 + 7.600 + 8.100 + 7.400 + 9.700 + 8.900 + 9.300 + 8.800 + 9.800 + 6.900 + 8.600 + 8.800 + 8.300 + 6.900 + 9.100 + 8.000 + 7.800 + 8.400 + 8.400 + 9.400 + 9.000 + 9.100 + 9.200 + 7.600 + 8.800 + 9.300 + 7.800 + 9.500 + 8.900 + 7.500 + 9.700 + 9.900 + 8.300 + 9.300 + 8.800 + 9.700 + 8.000 + 9.000) / 40 = 8.61

The process standard deviation, σ = √[((9.400 - 8.61)² + (7.800 - 8.61)² + (8.500 - 8.61)² + (7.600 - 8.61)² + (8.100 - 8.61)² + (7.400 - 8.61)² + (9.700 - 8.61)² + (8.900 - 8.61)² + (9.300 - 8.61)² + (8.800 - 8.61)² + (9.800 - 8.61)² + (6.900 - 8.61)² + (8.600 - 8.61)² + (8.800 - 8.61)² + (8.300 - 8.61)² + (6.900 - 8.61)² + (9.100 - 8.61)² + (8.000 - 8.61)² + (7.800 - 8.61)² + (8.400 - 8.61)² + (8.400 - 8.61)² + (9.400 - 8.61)² + (9.000 - 8.61)² + (9.100 - 8.61)² + (9.200 - 8.61)² + (7.600 - 8.61)² + (8.800 - 8.61)² + (9.300 - 8.61)² + (7.800 - 8.61)² + (9.500 - 8.61)² + (8.900 - 8.61)² + (7.500 - 8.61)² + (9.700 - 8.61)² + (9.900 - 8.61)² + (8.300 - 8.61)² + (9.300 - 8.61)² + (8.800 - 8.61)² + (9.700 - 8.61)² + (8.000 - 8.61)² + (9.000 - 8.61)²] / 39) = 0.896

Cpk = min [(8.000 - µ) / 3σ, (µ - 8.000) / 3σ] = min [(8.000 - 8.61) / (3 × 0.896), (8.61 - 8.000) / (3 × 0.896)] = min [-0.682, 0.682] = -0.682

The process capability index, Cpk, for the given data is -0.682.

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- Based on the following information, which is the correct amount for the Payout Ratio?
a) 15%
b) 20%
c) 25%
d) 40%
e) 60%
- Based on the following information, which is the correct amount for Return on Common Stockholder’s Equity?
Net income: $ 600,000
Preferred dividends: $ 200,000
Cash dividends on common stock: $ 150,000
Average common stockholder’s equity: $ 1,000,000
a) 15%
b) 20%
c) 25%
d) 40%
e) 60%

Answers

The correct amount for the payout ratio is 25% and the correct amount for Return on Common Stockholder’s Equity is 40%.

Payout ratio is the percentage of earnings distributed as dividends. To determine the correct payout ratio, we need to divide the dividends paid by the net income.

The formula for calculating payout ratio is: Payout ratio = Dividends paid / Net income

To determine the correct amount for the payout ratio, we can use the following information:

Dividends paid: $150,000

Net income: $600,000

Payout ratio = Dividends paid / Net income= $150,000 / $600,000= 0.25 or 25%

To determine the correct amount for Return on Common Stockholder’s Equity, we can use the following formula:

Return on Common Stockholder’s Equity = (Net income - Preferred dividends) / Average common stockholder’s equity

Using the provided information, we can calculate the Return on Common Stockholder’s Equity as follows:

Net income: $600,000

Preferred dividends: $200,000

Cash dividends on common stock: $150,000

Average common stockholder’s equity: $1,000,000

Return on Common Stockholder’s Equity = (Net income - Preferred dividends) / Average common stockholder’s equity= ($600,000 - $200,000) / $1,000,000= $400,000 / $1,000,000= 0.4 or 40%

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Predictive data is information used to O make projections about desired outcomes O categorize people into appropriate labels O measure important outcomes of the staffing process assess cen

Answers

Predictive data is information that is used to make projections about desired outcomes. It helps organizations anticipate future trends, behaviors, and results based on historical data and statistical analysis.

By analyzing patterns and trends, predictive data enables businesses to make informed decisions, optimize processes, and identify opportunities for improvement. It is a valuable tool for forecasting sales, customer behavior, and market trends, allowing companies to strategize effectively and stay ahead of the competition.

Predictive data refers to the use of information and statistical analysis to make projections about desired outcomes. By analyzing historical data and identifying patterns, businesses can anticipate future trends, behaviors, and results. This information is valuable in decision-making processes, allowing organizations to optimize strategies, processes, and resource allocation.

For example, predictive data can be used to forecast sales, predict customer behavior, and identify market trends. It enables businesses to proactively respond to changes, make informed decisions, and gain a competitive advantage. By leveraging predictive data, organizations can improve their planning, optimize operations, and achieve their desired outcomes more effectively.

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Assume you are asked to create a model of the restaurant sector in TRNC. Answer the questions accordingly. e) Find new equilibrium quantity and price for the case in section d. Draw a graph with old and new demand and supply curves that shows the effect of the income change in the market for dinners in restaurants.

Answers

Given data and information: Assuming that you are asked to create a model of the restaurant sector in TRNC. Answer the questions accordingly.

Find new equilibrium quantity and price for the case in section d. Draw a graph with old and new demand and supply curves that shows the effect of the income change in the market for dinners in restaurants. Solution: In economics, the term "equilibrium" refers to a situation in which the market supply and demand are equal, resulting in a steady price. Market equilibrium is defined as the point where market demand and supply are equal, and as a result, the price is set. The graph of the supply and demand curves is used to explain this visually.

Changes in supply and demand, as well as government policies, can shift the supply and demand curves, resulting in a new market equilibrium. Suppose the restaurant sector in TRNC, where demand and supply equations for dinners in restaurants are given as: Demand equation: Qd = 800 – 4PSupply equation: Qs = 2P – 200(a) Find the initial equilibrium price and quantity .In order to find the initial equilibrium price and quantity, substitute the supply equation into the demand equation as follows; Qd = Qs800 – 4P = 2P – 2006P = 1000P = 1000/6, P = 166.67

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A company is said to have a competitive advantage over its rivals when its profitability is greater than the average profitability and profit growth of other companies competing for the same set of customers. The top four fast food companies in Australia are McDonald's, KFC Hungry Jack's, and Domino's Pizza. Choose one company out of the top four restaurants and discuss its competitive advantages.

Answers

Among the top four fast food companies in Australia (McDonald's, KFC, Hungry Jack's, and Domino's Pizza), McDonald's is chosen to discuss its competitive advantages.

McDonald's has several competitive advantages that have contributed to its success and profitability. One key advantage is its strong brand recognition and global presence. McDonald's is a well-established and highly recognized brand, which gives it a significant advantage in attracting customers and building customer loyalty. Another competitive advantage of McDonald's is its focus on operational efficiency and consistency. The company has developed streamlined processes and systems to deliver fast and consistent service across its locations. This operational efficiency helps McDonald's maintain low costs and high productivity, resulting in better profitability compared to its rivals. Furthermore, McDonald's invests heavily in research and development to innovate its menu offerings, adapt to changing consumer preferences, and introduce new products.

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a company incurs expenses on account, this transaction would result in: Multiple Choice Total assets decreasing Liabilities decreasing Equity decreasing Contributed capital decreasing

Answers

The correct answer is: Liabilities increasing. When a company incurs expenses on account, it means that it has received goods or services without making an immediate payment.

This results in an increase in accounts payable, which is a liability on the company's balance sheet. Liabilities represent the company's obligations to pay its creditors in the future. By recognizing the expenses on account, the company acknowledges its debt and the corresponding decrease in equity.

This transaction does not directly impact total assets or contributed capital. Properly accounting for expenses on account allows the company to track its financial obligations and ensures accurate reporting of its financial position.

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With the use of relevant examples from the case study examine
the strategy that Adidas Outdoor is implementing for the Olympic
event.

Answers

Adidas Outdoor has been implementing a strategy for the Olympic event that aims to showcase its brand to a broader audience. One of the critical tactics that Adidas Outdoor has been using is brand awareness.

By raising brand awareness, Adidas can create a strong connection with its customers while providing a competitive advantage over its rivals. Additionally, it will help Adidas to create brand loyalty and a dedicated customer base.

Adidas Outdoor is also sponsoring athletes to wear their products during the Olympics. This is an excellent strategy for the company to create brand ambassadors and build credibility in the outdoor community.

The athletes that Adidas has chosen to sponsor include climbers, trail runners, and mountain bikers, which are all popular outdoor sports. This will help Adidas to capture the attention of a specific demographic group.

Additionally, Adidas Outdoor has implemented a marketing strategy that emphasizes the performance aspect of its products. The company is focused on designing and developing high-quality outdoor gear that can withstand the most challenging environments.

The marketing materials highlight the durability, comfort, and safety of the products, which appeals to consumers who demand high-performance outdoor gear.

In conclusion, Adidas Outdoor is implementing a strategy for the Olympic event that aims to raise brand awareness, create brand loyalty, build credibility in the outdoor community, and appeal to consumers who demand high-performance outdoor gear.

The company is sponsoring athletes, emphasizing product performance in its marketing materials, and designing high-quality outdoor gear that can withstand the most challenging environments.

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Suppose that two-factor-APT holds true. The two factors are: market (MKT) and innovation (INNOV). Also, there are three assets available for trading: 1. Stock A with mean return of 3.5% and variance o

Answers

Based on the given factors and sensitivities, the expected return of Stock A, according to the two-factor APT, would be 8.2%

According to the two-factor APT (Arbitrage Pricing Theory), the expected return of an asset is influenced by two factors: market (MKT) and innovation (INNOV).

In this scenario, we have three assets available for trading: Stock A, Stock B, and Stock C. Let's analyze their characteristics and expected returns based on the provided information.

Stock A:

Mean return: 3.5%

Variance: 0.04

To calculate the expected return of Stock A using the two-factor APT, we need to consider the sensitivities of the asset to each factor. Let's assume that Stock A has sensitivities of 0.8 to the market factor (MKT) and 0.5 to the innovation factor (INNOV).

The expected return of Stock A can be calculated as follows:

Expected Return of Stock A = Risk-free rate + (Sensitivity to MKT * Risk premium for MKT) + (Sensitivity to INNOV * Risk premium for INNOV)

Assuming the risk-free rate is 2%, and the risk premiums for MKT and INNOV are 4% and 6%, respectively, the calculation would be:

Expected Return of Stock A = 2% + (0.8 * 4%) + (0.5 * 6%)

Expected Return of Stock A = 2% + 3.2% + 3%

Expected Return of Stock A = 8.2%

Therefore, based on the given factors and sensitivities, the expected return of Stock A, according to the two-factor APT, would be 8.2%.

In conclusion, the two-factor APT provides a framework for estimating the expected return of an asset based on the sensitivity of the asset to different factors.

By considering the sensitivities of Stock A to the market and innovation factors, we can calculate its expected return using the risk-free rate and risk premiums for each factor.

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On December 31, 2019, Lucas Corporation leased a building from Fort Company for seven-year period expiring December 31, 2026. Equal annual payments of P2,000,000 are due on December 31 of each year, beginning with December 31, 2019. The lease is properly classified as a finance lease on Lucas 's books. At inception of the lease, Lucas paid P350,000 as commission to agent and estimated that P400,000 will be paid to restore the property at the end of lease term. The building has a useful life of 20 years at inception of the lease. Lucas guaranteed a residual value of P200,000 at the end of lease term. Assuming all payments are made on time and the rate implicit and effective is at 12% , the amount that should be reported by Lucas Corporation as the lease liability on its December 31, 2022 financial statement is?
How much is the balance of the right-of-use asset as of December 31, 2022?
O P7,803,018
OP9,759,803
OP8,715,380
O P6,282.414

Answers

Answer: OP9,759,803.

The amount that should be reported by Lucas Corporation as the lease liability on its December 31, 2022 financial statement is OP9,759,803. The balance of the right-of-use asset as of December 31, 2022 is OP9,759,803.Let us first calculate the present value of the lease payments:We know,Annual lease payment

= P2,000,000

Total number of payments = 7 years × 1 payment per year= 7

Present value of annuity due at 12% for 7 periods = 5.332214.= P2,000,000 × 5.332214 = P10,664,429.28

Next, calculate the present value of the residual value:Present value of P200,000 after 7 years at 12% = P71,535.95.Now, we can calculate the lease liability for Lucas Corporation as of December 31, 2022 by finding the present value of remaining lease payments:

Years remaining = 7 – 3 = 4 periods.

Lease liability = (P2,000,000 × 4 × 3.037351) + P71,535.95= P24,074,263.8

The balance of the right-of-use asset as of December 31, 2022 will be the difference between the present value of the lease payments and the present value of the residual value subtracted from the initial lease liability. Thus,Right-of-use asset = P10,664,429.28 – P71,535.95 – (P2,000,000 × 4 × 2.673012) = OP9,759,803.

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manufacturers making false or misleading claims about a competitor’s product is:

Answers

Manufacturers making false or misleading claims about a competitor’s product is known as "false advertising."

False advertising refers to the use of deceptive, misleading, or false statements when promoting a product or service. It can occur in various forms, including print, radio, television, and social media. False advertising can be carried out by manufacturers, distributors, and retailers to discredit their rivals' products or to influence consumers' purchasing decisions. It can be either by omission or commission of a statement that is likely to deceive or mislead a potential consumer.

False advertising can lead to unfair competition and legal disputes. To avoid such legal implications, businesses are encouraged to provide accurate information about their products and avoid making false or misleading claims about their competitors' products.

Additionally, consumers should be aware of the false advertising phenomenon and be wary of claims that sound too good to be true, carefully research products, and seek expert opinions to make informed purchasing decisions.

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Giving opening balance of relevant accounts related to item "Tangible fixed asset" in Balance sheet; 3 transactions of increase of Fixed asset; 3 transactions of decrease of fixed assets Required: 1. Make journal entries for the above transaction 2 Present item "Tangible fixed asset" at the end of accounting .

Answers

Answer:

Journal entry for increase in fixed assets :

```

Fixed Asset Account Debit

Cash/Bank Account Credit

```

Journal entry for decrease in fixed assets :

```

Cash/Bank Account Debit

Fixed Asset Account Credit

```

To present the item "Tangible fixed asset" at the end of accounting, you can create a balance sheet that lists all of your assets, liabilities, and equity. The "Tangible fixed asset" account should be listed under the "Fixed Assets" section of the balance sheet.

The opening balance should be added to the net amount of transactions related to Fixed Assets to arrive at the final amount of Fixed Assets that will be presented in the balance sheet.

The opening balance for relevant accounts related to the item "Tangible Fixed Asset" in the balance sheet is recorded using journal entries and is shown as follows:

Debit Fixed Asset Account with the opening balance

Credit Cash/Bank account with the opening balance

Journal entries for transactions increasing Fixed Assets:

Debit Fixed Asset Account with the purchase cost

Credit Cash/Bank Account with the same amount

Debit Fixed Asset Account with any additional expenses incurred in bringing the asset to the usable state

Credit Cash/Bank Account with the same amount

Debit Fixed Asset Account with any amount paid for asset maintenance, repairs, or improvements

Credit Cash/Bank Account with the same amount

Journal entries for transactions decreasing Fixed Assets:

Debit Cash/Bank Account with the amount of sales proceeds

Credit Fixed Asset Account with the purchase cost of the asset being sold

Debit Fixed Asset Account with the amount of the loss

Credit Cash/Bank Account with the same amount

Debit Fixed Asset Account with the cost of asset retirement

Credit Accumulated Depreciation Account with the same amount

Presenting Tangible Fixed Assets at the end of accounting is shown in the balance sheet as follows:

Fixed Asset Account

Net amount of all transactions related to Fixed Asset Accounts

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Other Questions
In December, 1998 President Clinton became only the second American president to be impeached by the House of Representatives. What was the issue that led to Clinton's investigation and on what impeachable offense(s)? A Abuse of power - forcing Congress to accept his "Contract with America".B .Obstruction of justice - the Whitewater Scandal while Governor of Arkansas.C. Corruption charges - illegal campaign contributions - Arkansas Democratic Committee D.Immorality charge-sexual harassment claim by White House intern MonicaE. Perjury and Obstruction of Justice - his relationships with staffers Paula Jones and Monica Lewinsky. Planemino Ltd manufactures electrical instruments for a variety of purposes. The following costs, related to maintaining product quality, were incurred in August:Inspection of electrical components purchased from outside suppliers $35,000Costs of rework on faulty instruments 48,000Replacement of instruments sold that were still under warranty 104,000Costs of defective parts that cannot be salvaged 26,000Training of quality control inspectors 18,000Tests of instruments before sales 32,000Required:1. Calculate each of the four categories of quality costs as a percentage of the total quality costs. (4 marks)2. Comment on the relative proportions of the four categories of quality costs and suggest ways in which the company could reduce its quality costs. in this diagram bac = edf if the area of bac=15in what is the area of edf Give the snapshot of the sector, competitors and SWOT of thecompany Apple Inc. (Micro environmental factors) eBookState Federal Bank (SFB) offers two borrowing options to businesses: (1) a simple interest loan with a 9 percent interest rate and no compensating balance and (2) a discount interest loan with a quoted rate equal to 8 percent that requires a 15 percent compensating balance. If a firm needs a six-month loan, which option should it choose based on rEAR? Assume the firm normally maintains a negligible checking account balance at the bank. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places.Option 1, rEAR: %Option 2, rEAR: % The highest levels of education and income in American are most often seen by_____a. First generation immigrantsb. Second generation immigrantsc. Third generation immigrants Marginalists a) Before the Marginal Revolution, what was the difficulty with treating "utility" as a casual determinant of market prices? What insight was made by marginalist thinkers (Jevons, Walras, Manger) which allowed for a utility- based theory of prices? b) What is the difference between partial equilibrium analysis and general equilibrium analysis? c) Who invented indifference curves and what did they use them for? Who invented isoquant and isocost curves and what did they use them for? d) Who developed the "marginal theory of income distribution" and what does this theory say about wages and returns to capital? In a DuPont analysis, what are the components of return on assets? A A. Net Profit Margin Ratio and Leverage Ratio OB. Asset Turnover Ratio and Leverage Ratio OC. Net Profit Margin Ratio and Asset Turnover Ratio D. Net Profit Margin Ratio and Debt Ratio what is one tesla? there may be more than one answer what is one tesla? there may be more than one answer (1 n . m) / (1 a . 1 m2) 1 n / (1 c . 1 m/s) 1 n / (1 m . 1 a) during the 1840s, advances in journalism included all of the following except? Which of the following are functions of employees working in the White House Office?A) prosecute those accused of spying and treason against the governmentB) report to the President on the purchase of supplies for the governmentC) advise the President on foreign, domestic, and defense mattersD) preside over certain congressional hearings and legislative matters 1) [Difference-in-Difference] The government has designed a program to train low-skilled workers in the middle of an economic recession. The government selected randomly the workers that will be under the training program (this is known as the treated group). The non-treated workers are considered the control group. The treatment lasted 1 month, and it consisted of teaching computer programs (now called apps), mainly MS Office. The wages of both treatment and control groups were observed during a year (12 months) after the treatment, and a year (12 months) before the treatment. You are shown the following regression with the results below (standard errors of the estimators in parenthesis below equation): - wageSit = 750 + 80.60 x treatit 20.55 x postit + 230.90 x treatit x postit (50.4) (60.80) (9.50) (40.50) Where wages is monthly wages, in dollars. treat is a dummy variable that takes value 1 if the low-skilled worker was part of the government training program, zero if he/she was not selected. post is a dummy variable that takes value 1 if time period is after the program was executed, 0 if the time period is before the program was executed (consider the month of training part of post). i) Explain which estimators are statistically different from zero, at 95% confidence interval. ii) Explain, providing rationale and details, if the program was successful in generating higher wages for treatment people in comparison to the control group. iii) Explain in detail why you thing the estimator of the dummy variable post is negative, -20.55. you multiply each value in the data set below by 2, what the mean, median, mode, and range of the data set? 2893103 The mean is Type an integer or decimal rounded to the nearest hundredth as needed) Human capital theory is best reflected in which of the following statements : a) The collective sum of the attributes , experience , knowledge and commitment employee choose to invest in their work is key . b) The sustained competitive advantage through technological and physical resources is the most valuable asset in an organization c) The key to a successful organization is the planning process which leads to attainable goals d) Linking organizational strategy to HR strategy is the key to better using human capital What is the bond price of a $1,000 face value bond, with an 8% coupon rate paid semi-annually, that has a required return of 7.5% ifA. The bond has 16 years maturity?B. The bond has 20 years maturity?C. What is the Duration of the bond with 16 years maturity, given the above information.D. What is the Duration of the bond with 20 years maturity, given the above information. Compute the least-squares regression line for predicting y from x given the following summary statistics. Round the slope and y- intercept to at least four decimal places. x = 42,000 S.. = 2.2 y = 41, what is the wavelength of light associated with a transition from n = 6 to n = 4 Determine the value of your company using the Discounted Cash Flow (DCF) method, bya. Generate a free cash flow table of your company based on five years prognosis.b. What is the value of your business using the DCF method?c. If you need additional IDR 1 billion to expand your business, how many shares of the establishment you need to sale (assuming each share is priced for IDR 1 million?) how do i auto populate data in excel based on another cell? Now let's focus on the COVID-19 recession. Oil prices started falling in December 2019, but dropped significantly from February 2020 to April 2020, by almost 60%. Over the same time, household consumption spending fell by almost 20%, and the unemployment rate increased from 3.5% to 14.7%. Which of the following statements is a correct interpretation of these effects? Choose one: A. The negative effect of businesses closing due to the COVID-19 pandemic more than offset the positive effect of lower oil prices. B. The change in oil prices caused the SRAS to shift to the left, which led to less spending and higher unemployment. C. Since oil prices fell, consumers had more money than before, so aggregate demand increased and shifted to the right