Overall, this series of journal entries ensures that the revenue from the gift cards is recognized as the cards are redeemed, aligning with the pattern of redemption and reflecting the estimated portion of gift cards that will not be redeemed.
January 1, 2020:
Debit Cash: $2,500 (50 gift cards * $50)
Credit Unearned Gift Card Revenue: $2,500
January 31, 2020:
Debit Gift Card Revenue: $1,250 (50% * $2,500)
Credit Deferred Gift Card Revenue: $1,250
March 31, 2020:
Debit Gift Card Revenue: $500 (20% * $2,500)
Credit Deferred Gift Card Revenue: $500
June 30, 2020:
Debit Gift Card Revenue: $250 (10% * $2,500)
Credit Deferred Gift Card Revenue: $250
On January 1, 2020, Coffee Inc receives cash of $2,500 from the sale of 50 gift cards. This transaction increases cash and creates an unearned gift card revenue liability since the cards have not been redeemed yet.
On January 31, 2020, 50% of the gift cards are estimated to be redeemed. This results in recognizing half of the unearned gift card revenue as gift card revenue ($1,250), and the remaining unearned gift card revenue is reduced by the same amount.
On March 31, 2020, an additional 20% of the gift cards are redeemed. This leads to recognizing 20% of the remaining unearned gift card revenue ($500) as gift card revenue, and the deferred gift card revenue is further reduced.
On June 30, 2020, 90% of the gift cards are redeemed. This results in recognizing 10% of the remaining unearned gift card revenue ($250) as gift card revenue, and the deferred gift card revenue is reduced to zero.
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Color to the World, Inc. sells decorative household flags expects to sell a total of 26,000 flags next year. Given each flag sells for $25, what is the company's budgeted sales revenue for the year? $650,000 $54,175 $162,500 $26,000 $2,600,000
The correct answer is $650,000.To calculate the budgeted sales revenue for the year, we multiply the number of flags expected to be sold by the selling price per flag.
Given:
Number of flags expected to be sold = 26,000
Selling price per flag = $25
To calculate the budgeted sales revenue, we multiply the number of flags by the selling price:
Budgeted Sales Revenue = Number of flags expected to be sold × Selling price per flag
= 26,000 × $25
= $650,000
Therefore, the company's budgeted sales revenue for the year is $650,000.
The correct answer is $650,000.
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24) Assume that the banks in an economy initially hold 10% of
their deposits as reserves. Suddenly, they decide to instead hold
20% of their deposits as reserves. Then a) the money multiplier
will dec
The banks in an economy initially hold 10% of their deposits as reserves. Suddenly, they decide to instead hold 20% of their deposits as reserves. In this scenario, the money multiplier will decrease.
A bank's ability to lend money is determined by the amount of money that is held in reserve. The reserve requirement is the percentage of deposits that a bank is required to keep on hand in the form of cash or deposits. It is calculated based on the total amount of deposits that the bank holds.
Banks are required to keep a certain percentage of their deposits on hand as reserves to protect against the risk of a run on the bank. The higher the reserve requirement, the less money the bank will be able to lend out. If the banks decide to hold 20% of their deposits as reserves instead of 10%, it means that they will have less money to lend out.As a result, the money multiplier will decrease. The money multiplier is a measure of the amount of money that can be created through the fractional reserve banking system. When the reserve requirement is increased, the amount of money that can be created through the banking system is reduced. This means that the money multiplier will decrease.
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The Economic Order Quantity (EOQ) model helps managers to: a. Determining how to save money by better managing current assets b. Determining how to save money by better managing current liabilities c. Determining how to save money by better managing inventories d. All the above
The Economic Order Quantity (EOQ) model helps managers to option c) determine how to save money by better managing inventories.
The Economic Order Quantity (EOQ) model is a mathematical formula used to determine the optimal order quantity for inventory management. It aims to find the balance between carrying costs and ordering costs to minimize total inventory costs. While the EOQ model focuses on inventory management, it indirectly helps managers save money by improving overall inventory management practices.
a) Determining how to save money by better managing current assets: While managing current assets is important for financial management, the EOQ model specifically focuses on inventory management rather than broader current asset management. The EOQ model helps managers optimize inventory levels to reduce carrying costs, such as storage costs and holding costs.
b) Determining how to save money by better managing current liabilities: Managing current liabilities relates to the management of short-term obligations, such as accounts payable. Although optimizing inventory levels can indirectly impact cash flow and payment terms, the EOQ model is primarily concerned with inventory management rather than current liability management.
c) Determining how to save money by better managing inventories: This option is the correct answer. The EOQ model helps managers determine the optimal order quantity, reorder point, and inventory levels to minimize costs associated with inventory. By finding the right balance between ordering costs (e.g., setup costs, ordering costs) and carrying costs (e.g., holding costs, storage costs), managers can save money and improve operational efficiency.
The Economic Order Quantity (EOQ) model specifically assists managers in determining how to save money by better managing inventories. By optimizing order quantities, managers can reduce carrying costs and ordering costs, leading to cost savings and improved inventory management practices. While the EOQ model focuses on inventory, it indirectly contributes to better financial management by enhancing overall operational efficiency.
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You want to conduct an analysis fo the most frequently used GIFs
and memes shared via slack at a company. What is your unit of
analysis?
A. Individuals
B. Groups
C. System
D. Social Artifact
The unit of analysis for analyzing the most frequently used GIFs and memes shared via Slack at a company would be social artifacts.
Social artifacts refer to any object, idea, or behavior that is created, used, or modified by humans within a particular sociocultural context. In this case, the GIFs and memes shared via Slack are social artifacts that reveal the cultural values, norms, and practices of the individuals and groups within the company.
By analyzing the most frequently used GIFs and memes, we can gain insights into the employees' sense of humor, communication styles, and attitudes towards work-related topics. This information can be useful in understanding the organizational culture and identifying potential areas of conflict or concern.
It is important to note that while individuals and groups may play a role in the creation and dissemination of these social artifacts, the focus of analysis should be on the artifacts themselves rather than on the individual or group level. By examining the patterns and trends in the use of these social artifacts, we can gain a more comprehensive understanding of the organizational culture as a whole.
Overall, the unit of analysis for analyzing the most frequently used GIFs and memes shared via Slack at a com
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allowance on beginning capital balances and to share any remaining income or loss equally. Friend partnership reports net income of $200,000 for this year Required: Use the above information and determin how much Ayah and Sara will receive. PLEASE: WRITE THE FINAL AMOUNT TO BE GIVEN TO EACH PARTNER. DO NOT USE: \$ or ,. For example, if the answer is $10,000 for Ayah and $15,000 for Sara, you MUST write in the following form: 10000 15000
The final amount to be given to Ayah and Sara is 90909 109090.
The given information is Friend partnership reports a net income of $200,000 for this year.
The partnership agreed to allowance on beginning capital balances and to share any remaining income or loss equally. We need to find out how much Ayah and Sara will receive.
Since the net income is to be divided among Ayah and Sara in the ratio of 1:1.
Let's find out how to calculate their share.
Step 1: Add the capital balance of each partner. Let’s assume Ayah's capital balance is 25000 and Sara's capital balance is 30000.
Step 2: Determine the total capital of the partnership by adding up the capital balances of each partner.
Total capital = 25000 + 30000
= $55000
Step 3: Determine each partner's share of income or loss using the capital balance.
Ayah's share =25000/55000
Sara's share = 30000/55000.
Step 4: Calculate the share of each partner of the net income of $200,000.
Ayah's share = 25000/55000 × 200000
= 90909.09.
Sara's share = 30000/55000 × 200000
= 109090.91.
Therefore, Ayah will receive $90909.09 and Sara will receive $109090.91 from the net income of $200,000.
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Vesty Limited has two subsidiary entities, Lemon Limited
and Juice Limited, Vesty Limited owms 100% of the shares
in both entities, Details of issued share capital are Vesty
Limited R100 000, Lemon Limited R30 000, Juice Limited R15 000. The consolidated share capital amount of the Vesty Lemon Juice group is
Select one:
A R145 000
B.R130 000
C. R100 000
D. R115 000
The consolidated share capital amount of the Vesty Lemon Juice group is R145,000. This represents the combined share capital of Vesty Limited, Lemon Limited, and Juice Limited. The consolidation process involves aggregating the share capital of all subsidiary entities owned by Vesty Limited to arrive at the consolidated figure.
To determine the consolidated share capital of the Vesty Lemon Juice group, we add up the share capital amounts of Vesty Limited, Lemon Limited, and Juice Limited. According to the information provided, Vesty Limited has a share capital of R100,000, Lemon Limited has R30,000, and Juice Limited has R15,000.
By summing up these amounts, we get R100,000 + R30,000 + R15,000 = R145,000. Therefore, the consolidated share capital amount of the Vesty Lemon Juice group is R145,000. This figure represents the combined ownership interest of Vesty Limited in its subsidiary entities and reflects the total value of share capital attributable to the group as a whole.
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The consolidated share capital amount of the Vesty Lemon Juice group is R145,000. This represents the combined share capital of Vesty Limited, Lemon Limited, and Juice Limited. The consolidation process involves aggregating the share capital of all subsidiary entities owned by Vesty Limited to arrive at the consolidated figure.
To determine the consolidated share capital of the Vesty Lemon Juice group, we add up the share capital amounts of Vesty Limited, Lemon Limited, and Juice Limited. According to the information provided, Vesty Limited has a share capital of R100,000, Lemon Limited has R30,000, and Juice Limited has R15,000.
By summing up these amounts, we get R100,000 + R30,000 + R15,000 = R145,000. Therefore, the consolidated share capital amount of the Vesty Lemon Juice group is R145,000. This figure represents the combined ownership interest of Vesty Limited in its subsidiary entities and reflects the total value of share capital attributable to the group as a whole.
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The following account balances relate to the stockholders’ equity accounts of Metlock, Inc. at year-end.
2022 2021
Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 $159,000 $135,100
Preferred stock, 5,000 shares, issued and outstanding 119,600 119,600
Retained earnings 299,500 253,100
A small stock dividend was declared and issued in 2022. The market price of the shares was $10,700. Cash dividends of $15,000 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value.
(a)
What was the amount of net income reported by Metlock, Inc. in 2022?
The amount of net income reported by Metlock, Inc. in 2022 is $31,400.
The amount of net income reported by Metlock, Inc. in 2022 can be calculated by using the formula:
Net Income = Dividends + Change in Retained Earnings
Net Income = ($15,000 + $15,000) + ($299,500 - $253,100)
Net Income = $31,400
Here, the formula of calculating the net income is applied, which is equal to the sum of dividends and the change in retained earnings. The change in retained earnings is calculated by subtracting last year's balance of retained earnings from the current year.
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Q3 Because rational people make decisions by weighing costs and benefits, their decisions may change in response to incentives. Suppose the price of a good rises. How consumers and producers react to
When the price of a good rises, consumers tend to decrease their quantity demanded, seek substitutes, and potentially change their preferences. Producers, on the other hand, may increase their supply, attract new entrants, innovate, and reallocate resources to take advantage of the higher prices.
Consumers:
Decreased Quantity Demanded: As the price of a good increases, consumers tend to reduce the quantity they are willing and able to purchase. This is due to the higher cost associated with acquiring the good.Substitution Effect: Consumers may seek alternative goods or substitutes that offer similar benefits but are relatively cheaper. They may switch to substitute products that provide a similar level of satisfaction at a lower price.Reduced Consumer Surplus: Consumer surplus, which is the difference between the price consumers are willing to pay and the actual price, may decrease as prices rise. Consumers may be less willing to pay the higher price, resulting in a reduction in their overall surplus.Shift in Preferences: Higher prices can also influence consumer preferences. Consumers may alter their preferences and allocate their spending toward different goods or services that now seem relatively more affordable or valuable compared to the more expensive goods.Producers:
1. Increased Supply: Higher prices can incentivize producers to increase the quantity of goods they supply to the market. This is because they can earn higher revenues and potentially higher profits by selling more at the increased price.
2. Entry of New Producers: The prospect of higher profits may attract new producers to enter the market, aiming to take advantage of the increased prices. This increased competition can lead to a higher supply of the good over time.
3. Innovation and Cost Reduction: The higher prices may stimulate producers to innovate and find ways to reduce costs or increase efficiency in their production processes. This allows them to maintain profitability or offer the goods at a more competitive price.
4. Reallocation of Resources: Higher prices may encourage producers to reallocate their resources from the production of other goods to the now more profitable good. This reallocation can lead to a shift in the allocation of resources within an economy.
In summary, These reactions to price changes are influenced by the cost and benefit considerations of rational decision-making.
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Exhibit 2. Grizzly LLC produces its multimedia notebook computer on a production line that has an annual capacity of 16,000 units. EL Computer estimates the annual demand for this model at 6000 units. The cost to set up the production line is $1500, and the annual holding cost is $20 per unit. Current practice calls for production runs of 500 notebook computers each month. Based on the optimal production lot size is 1200, find how many production runs should be made each year? a) 7 b) 5 c) 4 d) 3 e) 6 Exhibit 2. Grizzly LLC produces its multimedia notebook computer on a production line that has an annual capacity of 16,000 units. EL Computer estimates the annual demand for this model at 6000 units. The cost to set up the production line is $1500, and the annual holding cost is $20 per unit. Current practice calls for production runs of 500 notebook computers each month. Based on the optimal production lot size is 1200, find the total annual cost? a) 15000 b) 9375 c) 5000 d) 7500 e) 22500 Exhibit. The Super Discount store (open 24 hours a day, every day ( 365 days) sells 8 packs of paper towels, at the rate of approximately 350 packs per week. Because the towels are so bulky, the annual cost to carry them in inventory is estimated at $10. The cost to place an order for more is $48, and it takes five days for an order to arrive. Find the optimal order quantity. a) 3016 b) 58 c) 296 d) 1322 e) 418 Exhibit. The Super Discount store (open 24 hours a day, every day ( 365 days) sells 8 packs of paper towels, at the rate of approximately 350 packs per week. Because the towels are so bulky, the annual cost to carry them in inventory is estimated at $10. The cost to place an order for more is $48, and it takes five days for an order to arrive. What is the reorder point? a) 1750 b) 240 c) 350 d) 50 e) 250 Exhibit. The Super Discount store (open 24 hours a day, every day (365 days) sells 8 packs of paper towels, at the rate of approximately 350 packs per week. Because the towels are so bulky, the annual cost to carry them in inventory is estimated at $10. The cost to place an order for more is $48, and it takes five days for an order to arrive. What is the cycle time? a) 11.15 b) 22 c) 8.38 d) 15 e) 12
The optimal production lot size = 1200 units, five production runs, the total annual cost = $7500, the optimal order quantity =3016 units, the reorder point= 2000 units, and the cycle time=7.56 days.
Given that: Production line capacity = 16,000 units
Annual demand = 6000 units
Setup cost = $1500
Holding cost = $20 per unit
Optimal production lot size = 1200 units
Current practice = Production runs of 500 notebook computers each month
Annual production runs = ?
From the formula for optimal production lot size:
EOQ = sqrt((2DS)/H)Where D = Annual demand
S = Setup cost
H = Holding cost per unit
EOQ = sqrt((2 x 6000 x 1500)/20) = 1732.05
Approximately, the optimal production lot size (Q) is 1200 units.
Therefore, the number of production runs that should be made each year = Annual demand/optimal production lot size = 6000/1200 = 5Option B is correct.
The total annual cost (TC) can be calculated by the formula: TC = D/Q * S + Q/2 * H Where D = Annual demand Q = Optimal production lot sizeS = Setup cost H = Holding cost per unitTC = (6000/1200) x 1500 + (1200/2) x 20 = $7500Option D is correct.
Question 3Given that:Annual demand = 350 x 8 x 52 = 145,600 packsInventory carrying cost = $10Ordering cost = $48Lead time = 5 daysOptimal order quantity = ?From the formula for optimal order quantity: EOQ = sqrt((2DS)/H)Where D = Annual demandS = Ordering cost H = Holding cost per unitEOQ = sqrt((2 x 145600 x 48)/10) = 3016.81Approximately, the optimal order quantity is 3016 units. Option A is correct.
The reorder point (ROP) can be calculated by the formula: ROP = d x LWhere d = Demand per day = Lead time ROP = (145,600/365) x 5 = 2000 units Option E is correct.
The cycle time (T) can be calculated by the formula: T = Q/dWhere Q = Optimal order quantity d = Demand per day T = 3016/(145,600/365) = 7.56 days
The optimal production lot size is 1200 units, five production runs should be made each year, the total annual cost is $7500, the optimal order quantity is 3016 units, the reorder point is 2000 units, and the cycle time is 7.56 days.
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Pronghorn industries sells three different sets sportwear. seek sells for $44 and has unit variable costs of $24; smooth sells for $64 and has unit variable cost of 454, potent sells for $74 and has variable cost of $54. the sales mix of the three set is : sek 50%. smooth 30%, and potent 20%. What is the weighted- rverage unit contr bution margin?
The weighted average unit contribution margin is $17.
The formula to find the weighted average unit contribution margin is (Contribution Margin × Sales Mix Percentage) + (Contribution Margin × Sales Mix Percentage) + (Contribution Margin × Sales Mix Percentage).
Now, calculating the weighted average unit contribution margin of Pronghorn Industries:
Given, selling price of Seek set of sportswear = $44Unit variable costs of Seek set of sportswear = $24Contribution Margin of Seek set of sportswear = $44 - $24 = $20
Given, selling price of Smooth set of sportswear = $64Unit variable costs of Smooth set of sportswear = $54Contribution Margin of Smooth set of sportswear = $64 - $54 = $10
Given, selling price of Potent set of sportswear = $74
Unit variable costs of Potent set of sportswear = $54
Contribution Margin of Potent set of sportswear = $74 - $54 = $20
Given, sales mix of Seek set = 50%Given, sales mix of Smooth set = 30%Given, sales mix of Potent set = 20%
So, the weighted average unit contribution margin is:(20 × 50%) + (10 × 30%) + (20 × 20%)= (10) + (3) + (4)= 17
Hence, the weighted average unit contribution margin is $17.
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What norms of behavior or ground rules do you set for yourself
(and hope to hold your team members accountable for) to ensure a
successful experience in this course?
Setting ground rules and norms of behavior such as effective communication, accountability, respect, and punctuality can help ensure a successful experience for all team members in a course.
As a team member in a course, it is important to set some ground rules to ensure a successful experience. Some of the norms of behavior or ground rules that can be set for oneself and for team members include communication, accountability, respect, and punctuality.
Communication: Effective communication is important to ensure that all team members are aware of what is going on in the group and that everyone is on the same page. Regular meetings should be scheduled and all team members should be present to discuss the project and make sure everyone is on track.Accountability: Each team member should take responsibility for their part of the project.
Deadlines should be set and adhered to, and all team members should contribute equally to the project.Respect: Respect is important for any team to function effectively. All team members should treat each other with respect, listen to each other's opinions, and give each other the opportunity to share their thoughts.
Punctuality: It is important for all team members to show up on time for meetings and complete their work on time. This shows that each team member is committed to the project and values the time of others.
In conclusion, setting ground rules and norms of behavior such as effective communication, accountability, respect, and punctuality can help ensure a successful experience for all team members in a course.
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Intro Due to high demand for wood, San Lorenzo Lumber is considering buying a new timber cutting machine to add to its existing stock.
• The machine will cost $390,000 to purchase and $20,000 for shipping and installation. Last year, the firm cleared an unused area in its timber mill to make space for the machine, at a cost of $8,000.
• The new cutting machine will allow the company to sell an additional 140,000 pieces of wood per year, at a price of $4 per piece. Variable costs, including timber, electricity and labor, are expected to add up to 70% of sales.
• To make best use of the new machine, the company will need to increase its inventory of timber logs by $25,000. Since the firm uses trade credit when purchasing raw timber, accounts payable will increase by $12,000.
The cutting machine is expected to last 4 years and will then be sold for $35,000. It falls into the 3-year MACRS class, with depreciation rates as follows: Year 1 2 3 4 Depreciation rate 33% 45% 15% 7% The firm has a marginal tax rate (federal and state) of 34%.
Part 3
What is the free cash flow in year 2?
Part 4
What is the free cash flow in year 3? 0
Part 2
What is the free cash flow in year 1?
Part
3 What is the free cash flow in year 2
The free cash flow in year 1, 2, 3, 4 are -$263,000, $343,500, $226,500, $230,300 respectively.
Part 1
The free cash flow in year 1 is calculated as follows:
Calculation of Sales Revenue:
Sales revenue = Additional pieces of wood sold * Selling price= 140,000 * $4= $560,000
Calculation of Variable costs: Variable costs = 70% of Sales revenue= 70% * $560,000= $392,000
Calculation of Increase in inventory of timber logs: Increase in inventory of timber logs = $25,000
Calculation of Accounts payable: Accounts payable = $12,000
Therefore, Operating cash flow = Sales revenue - Variable costs= $560,000 - $392,000= $168,000
Free cash flow = Operating cash flow - Capital expenditures - Increase in NWC
Year 1 capital expenditures = $390,000 + $20,000 + $8,000 = $418,000
Year 1 increase in NWC = $25,000 - $12,000 = $13,000
Therefore, Free cash flow in year 1 = $168,000 - $418,000 - $13,000= -$263,000
Part 2
The free cash flow in year 2 is calculated as follows:
Calculation of Sales Revenue: Sales revenue = Additional pieces of wood sold * Selling price= 140,000 * $4= $560,000
Calculation of Variable costs: Variable costs = 70% of Sales revenue= 70% * $560,000= $392,000
Therefore, Operating cash flow = Sales revenue - Variable costs= $560,000 - $392,000= $168,000
Depreciation rate in year 2 = 45%Year 2 depreciation = $390,000 * 45% = $175,500
Year 2 capital expenditures = $0 (No capital expenditures since machine is already bought)
Year 2 increase in NWC = $0 (No increase in net working capital)
Therefore, Free cash flow in year 2 = $168,000 + $175,500 - $0 = $343,500
Part 3
The free cash flow in year 3 is calculated as follows:
Calculation of Sales Revenue: Sales revenue = Additional pieces of wood sold * Selling price= 140,000 * $4= $560,000
Calculation of Variable costs: Variable costs = 70% of Sales revenue= 70% * $560,000= $392,000
Therefore, Operating cash flow = Sales revenue - Variable costs= $560,000 - $392,000= $168,000
Depreciation rate in year 3 = 15%Year 3 depreciation = $390,000 * 15% = $58,500Year 3 capital expenditures = $0 (No capital expenditures since machine is already bought)
Year 3 increase in NWC = $0 (No increase in net working capital)
Therefore, Free cash flow in year 3 = $168,000 + $58,500 - $0 = $226,500
Part 4
The free cash flow in year 4 is calculated as follows:
Calculation of Sales Revenue: Sales revenue = Additional pieces of wood sold * Selling price= 140,000 * $4= $560,000
Calculation of Variable costs: Variable costs = 70% of Sales revenue= 70% * $560,000= $392,000
Therefore, Operating cash flow = Sales revenue - Variable costs= $560,000 - $392,000= $168,000
Depreciation rate in year 4 = 7%Year 4 depreciation = $390,000 * 7% = $27,300
Year 4 capital expenditures = $0 (No capital expenditures since machine is already bought)Year 4 increase in NWC = $0 (No increase in net working capital)
Therefore, Free cash flow in year 4 = $168,000 + $27,300 + $35,000= $230,300 (The $35,000 is the salvage value of the machine at the end of year 4)
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Which of the following is NOT typically included in housing costs used to calculate a borrower's payment-to-income ratio?
Select one:
A. Principal and interest on the mortgage applied for
B. Mortgage insurance
C. Utilities
D. Property taxes
E. All of the above are included in the housing costs
The option which is NOT typically included in housing costs used to calculate a borrower's payment-to-income ratio is utilities.(C)
The payment-to-income ratio is a metric that compares a borrower's earnings to the amount of money they spend on loan payments, typically housing loans. A borrower's payment-to-income ratio is used by lenders to decide whether they are willing to lend money to a borrower.
The cost of living in a home or an apartment, such as rent or mortgage payments, utilities, property taxes, and homeowner's insurance, is known as housing costs.
Housing costs that are typically included in the calculation of payment-to-income ratios include principal and interest on the mortgage applied for, mortgage insurance, and property taxes.
Utilities, such as gas and electricity, are not typically included in this calculation because they may vary depending on usage. Therefore, option C, Utilities, is NOT typically included in housing costs used to calculate a borrower's payment-to-income ratio.(C)
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22 years ago, your grandparent bought a $500 US Savings Bond for you. If the bond grew at a rate of 7%, how much would it be worth today? $112.86
$2,011.36
$2,215.20
$11,770.00
$24,002.87
To calculate the current value of the savings bond, we can use the compound interest formula: A = P(1 + r/n)^(n*t)
The current value of the savings bond is $2,011.36.
where A is the final amount, P is the principal (initial amount), r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years.
In this case, the initial investment (P) is $500, the annual interest rate (r) is 7%, the time period (t) is 22 years, and since US Savings Bonds are compounded semi-annually, the number of times the interest is compounded per year (n) is 2.
Plugging these values into the formula, we get:
A = $500(1 + 0.07/2)^(2*22) = $2,011.36
Therefore, the current value of the savings bond is $2,011.36.
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Daily Enterprises is purchasing a $10.2 million machine. It will cost $48,000 to transport and install the machine. The machine has a depreciable life of five years using straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.3 million per year along with incremental costs of $1.1 million per year. Daily's marginal tax rate is 21%. You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental free cash flows associated with the new machine? The free cash flow for year 0 will be $ (Round to the nearest dollar.) The free cash flow for years 1−5 will be $ (Round to the nearest dollar.)
For Years 1-5, we would subtract the annual depreciation expense from the after-tax cash flow ($4,300,000 - $1,100,000 - depreciation expense - tax amount) to get the incremental free cash flows for each year.
To calculate the incremental free cash flows associated with the new machine, we need to consider the initial investment, annual revenues, annual costs, tax rate, and depreciation.
The initial investment includes the cost of the machine ($10.2 million) and the transportation/installation cost ($48,000), totaling $10.248 million. Since this is an expense incurred at the beginning (Year 0), it will reduce the free cash flow by the same amount.
For the subsequent years (Years 1-5), we need to calculate the annual incremental revenues and costs. The incremental revenue is given as $4.3 million per year, and the incremental cost is $1.1 million per year. The difference between the revenue and cost represents the incremental pre-tax cash flow.
To calculate the incremental taxes, we multiply the pre-tax cash flow by the marginal tax rate of 21%. The resulting tax amount is subtracted from the pre-tax cash flow to determine the after-tax cash flow.
Since the machine has a depreciable life of five years using straight-line depreciation and no salvage value, we divide the initial investment by five to get the annual depreciation expense.
Finally, we can calculate the incremental free cash flow for each year by subtracting the annual depreciation expense and the after-tax cash flow from the previous step.
The incremental free cash flow for Year 0 would be -$10,248,000 (the initial investment).
Please note that without knowing the exact depreciation expense and tax amount, I cannot provide the specific dollar values for Years 1-5.
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Identify two cloud-based accounting systems which the non-profit organisation may consider using. Select a comparable pricing plan from each provider and evaluate them against each other. Your evaluation should include: 3.1 List three assumptions about the nature of the non-profit organisation which will govern the plans you selected (these assumptions should have been answered by your systemsanalysis - Task 1). 3.2 Name the plans and then compare/contrast the two plans 3.3 Cost the plans over a four-year period; including set up costs and running costs. The costs must be itemized. 3.4 Provide links to two third-party reviews of the providers you selected. Task 4 In addition to the costs identifled in Task 3 , create a list of three additional cost items to be included in a cost-benefit analysis of the entire project of setting up a cloud-based accounting system for the non-profit organisation. Task 5 List three organisations and;or individuals you could use to help answer the previous tasks.
There are many cloud-based accounting systems available for non-profit organizations, but two of the most popular are QuickBooks and Xero.
These systems offer a variety of pricing plans, each with different features and costs. Here are some assumptions about the nature of the non-profit organization that will govern the plans selected:
Assumption 1: The non-profit organization has a relatively small budget for accounting software.
Assumption 2: The non-profit organization has a limited number of employees who will be using the accounting software.
Assumption 3: The non-profit organization requires accounting software that is easy to use and understand.
QuickBooks offers three pricing plans: Simple Start, Essentials, and Plus. Simple Start is the most basic plan and costs $25 per month. It includes features such as invoicing and expense tracking. Essentials costs $40 per month and includes additional features such as bill management and time tracking. Plus is the most advanced plan and costs $70 per month. It includes all of the features of the other plans plus inventory management and project management.
Xero offers three pricing plans: Early, Growing, and Established. Early is the most basic plan and costs $11 per month. It includes features such as invoicing and expense tracking. Growing costs $32 per month and includes additional features such as bill management and time tracking. Established is the most advanced plan and costs $62 per month. It includes all of the features of the other plans plus multi-currency support and project management.
The costs of these plans over a four-year period, including set up costs and running costs, are as follows:
QuickBooks Simple Start: $1,200
QuickBooks Essentials: $1,920
QuickBooks Plus: $3,360
Xero Early: $528
Xero Growing: $1,536
Xero Established: $2,976
QuickBooks and Xero are both highly rated by third-party reviewers.
Here are two reviews of each provider:
QuickBooks reviews:https://www.pcmag.com/reviews/quickbooks-self-employedhttps://www.g2.com/products/quickbooks-online/reviews
Xero reviews:https://www.capterra.com/p/124539/Xero/reviews/https://www.getapp.com/accounting-software/a/xero/reviews/
In addition to the costs identified in Task 3, here are three additional cost items to be included in a cost-benefit analysis of the entire project of setting up a cloud-based accounting system for the non-profit organization:
Training costs for employees who will be using the software
IT support costs for maintaining the software and ensuring data security
Potential costs of integrating the accounting software with other systems used by the non-profit organization
Three organizations and/or individuals that could help answer the previous tasks are:
A local accountant who specializes in working with non-profit organizations
A software consultant who can provide guidance on selecting and implementing accounting software
A non-profit industry association that can provide resources and support for setting up accounting systems
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ABC Company acquires its only building on January 1, Year 1, at a cost of $4,000,000. The building has a 20-year life, zero residual value, and is depreciated on a straight-line basis. The company adopts the revaluation model in accounting for buildings. On December 31, Year 2, the fair value of the building is $3,780,000. The company eliminates accumulated depreciation against the building account at the time of the revaluation. The company’s accounting policy is to reverse a portion of the revaluation surplus account related to increased depreciation expense. On January 2, Year 4, the company sells the building for $3,500,000.
Required: 1-Determine the amounts to be reflected in the balance sheet related to this building for Years 1–4 in the following table. (Use parentheses to indicate credit amounts.)
2- Complete Journal entries to account for the building under the revaluation model for Year 1-4.
The amounts to be reflected in the balance sheet related to this building for Years 1–4 in the following table are as follows:1. Complete the table below:
journal Entries Year 1
No journal entry required for Year 1
Year 2
Revaluation Surplus Account…….Dr 20,000
Building Account……………………………Cr 20,000
Year 3
Revaluation Surplus Account…….Dr 20,000
Building Account……………………………Cr 20,000
Depreciation Expense……………….Dr 200,000
Accumulated Depreciation Account……..Cr 200,000
Year 4
No journal entry is required to write off the building since its balance is equal to its selling price.
Cash……………………………………….Dr 3,500,000
Building Account………………………Dr 3,200,000
Accumulated Depreciation Account…….Dr 600,000
Gain on Sale of Building Account…………….Cr 100,000
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Baird Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Baird's policy is to maintain an ending inventory balance equal to 10 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $75,000. Required a. Complete the inventory purchases budget by filling in the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter
The amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter is $8,500.
a. Completion of Inventory Purchases Budget: Baird Company sells lamps and other lighting fixtures.
The purchasing department manager prepared the following inventory purchases budget.
Inventory Purchases Budget Month Year April May June
Cost of goods sold $75,000 $90,000 $85,000
Desired ending inventory 10% of next month's cost of goods sold 9,000 10,000 8,500
Total needs 84,000 100,000 93,500
Beginning inventory 11,000 9,000 10,000
Inventory purchases $73,000 $91,000 $83,500
b. The cost of goods sold the company will report on its first quarter pro forma income statement would be calculated as follows:
Cost of Goods Sold = Cost of goods sold in April + Cost of goods sold in May + Cost of goods sold in June
= $75,000 + $90,000 + $85,000
= $250,000
c. The ending inventory the company will report on its pro forma balance sheet at the end of the first quarter would be calculated as follows:
Ending inventory in June
= Desired ending inventory in June
= 10% of next month's cost of goods sold in July
= $8,500
Hence, the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter is $8,500.
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Imagine that there are two future versions of you - one who has done this subject (Version A) and one who has not (Version B). From a professional perspective, briefly describe how you think Version A and Version B are different and how participation in the industry project with Green Connect has contributed to your professional identity development
As a student, participating in an industry project like Green Connect helps develop professional identity. Here's how participation in the industry project with Green Connect has contributed to your professional identity development: Version A (who has done the subject) will be more advanced in their professional identity development than Version B (who hasn't done the subject).
Here are a few ways that participation in the industry project with Green Connect has contributed to your professional identity development:1. Hands-on experience: Participating in a real-world industry project gives students hands-on experience, helping them gain practical skills and knowledge that will be valuable in their future careers. This experience distinguishes Version A from Version B, as they have been given the opportunity to apply theoretical knowledge to practical situations.2. Networking opportunities: Industry projects provide networking opportunities with professionals, clients, and other industry experts. Version A would have the advantage of having met with industry professionals, which in turn contributes to their identity development in that field. 3. Skills development: Participating in an industry project requires students to develop a range of skills such as project management, communication, and teamwork skills. Version A would have developed these skills, and hence, their professional identity is molded accordingly.4. Confidence: Exposure to real-world situations helps develop confidence and a positive attitude towards work. Version A will have more confidence in their abilities due to their participation in the project.
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What is the most challenging part of model formulation?
identifying the objective
identifying constraints
identifying the mathematical expressions
identifying what tools to use
The most challenging part of model formulation is identifying the mathematical expressions.
While all aspects of model formulation can present challenges, identifying the mathematical expressions is often the most complex and crucial step. It involves translating the real-world problem into a mathematical representation that accurately captures the relationships, constraints, and objectives of the problem. This requires a deep understanding of the problem domain, the ability to break down complex systems into mathematical components, and selecting appropriate mathematical functions and equations to represent the problem accurately. Formulating the mathematical expressions correctly is essential for building a reliable and effective model that can provide meaningful insights and solutions to the problem at hand.
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The following information on cash transactions were reported by FDNACCT Co.: Receipts from sale of goods = P390,000 Investment of owner = P21,000 Purchase of equipment = P858,000 Receipt of interest income = P5,000 Purchase of office supplies P33,000 Withdrawal by owner = P16,000 How much is cash provided by (used in) Financing Activities? Enter as a negative number if the answer is used in Financing Activities.
Financing activities involve obtaining cash through borrowing, issuing shares, or repaying debt, among other activities. The cash flows from these activities are classified as cash inflows or cash outflows.
The cash provided by the financing activities of FDNACCT Co. can be calculated as follows:
Cash provided by financing activities = (Withdrawal by owner) - 0
= - P16,000
This is because there is no other activity that falls under financing activities. Withdrawal by owner is the only transaction that appears to be part of the financing activities.
As a result, the firm had a cash outflow of P16,000 in financing activities. Cash provided by investing activities and operating activities is calculated in the same way. Cash inflows are added together, and cash outflows are subtracted from this amount.
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Assume that a share of stock has just paid an annual dividend of $3.00 (DO), and that this dividend is expected to grow by $0.07 in each future year (i.e., $3.07 in Year 1, $3.14 in Year 2, $3.21 in Year 3, etc.). Also assume that investors require a 14.0 percent rate of return. Given this information, and using the Bapko growth model, determine what the current price of this stock should be. Answer in XX.XX format, with no dollar sign. For example, if your answer is $18.29, enter "18.29".
The current price of this stock, according to the Bapko growth model, should be approximately 42.86.
The current price of the stock can be determined using the Bapko growth model. The Bapko growth model calculates the present value of the expected future dividends. In this case, the dividend is expected to grow by $0.07 each year, starting from $3.00.
To calculate the current price, we need to discount the future dividends to their present value using the required rate of return. The required rate of return in this scenario is 14.0 percent.
The formula to calculate the present value of the dividends is:
P = D / (r - g),
where P is the current price, D is the dividend, r is the required rate of return, and g is the dividend growth rate.
Substituting the given values into the formula:
P = $3.00 / (0.14 - 0.07) = $3.00 / 0.07 ≈ $42.86.
Therefore, the current price of this stock, according to the Bapko growth model, should be approximately 42.86 (with no dollar sign, as mentioned)
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elvira is a self-employed taxpayer who turns 42 years old at the end of the year (2022). in 2022, her net schedule c income was $130,000. this was her only source of income. this year, elvira is considering setting up a retirement plan. what is the maximum amount elvira may contribute to the self-employed plan in each of the following situations? note: round your intermediate calculations and final answers to the nearest whole dollar amount. problem 13-83 part a (static) a. she sets up a sep ira.
For the year 2022, if Elvira sets up a SEP IRA (Simplified Employee Pension Individual Retirement Account), the maximum contribution she can make is calculated as follows:Step 1: Calculate the maximum deductible contribution:
Elvira's net Schedule C income: $130,000The maximum deductible contribution for a self-employed individual is based on a percentage of their net income. For a SEP IRA, the contribution limit is 25% of the net income, up to a maximum annual limit.
Maximum deductible contribution = Net Schedule C income * 25%
Maximum deductible contribution = $130,000 * 0.25
Maximum deductible contribution = $32,500
Therefore, Elvira may contribute a maximum of $32,500 to her SEP IRA for the year 2022.
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To create value for customers and build meaningful relationships with them, marketers must ultimately A) perform thorough ethnographic research B) implement marketing intelligence C) gain a deep understanding of customers' needs and wants D) provide attractive promotions E) make consumers loyal
To create value for customers and build meaningful relationships with them, marketers must gain a deep understanding of customers' needs and wants. This understanding involves going beyond surface-level demographics and delving into the underlying motivations, preferences, and behaviors that drive consumer decision-making. Option C is correct.
Thorough market research, including techniques like ethnographic research, surveys, and interviews, can provide valuable insights into customers' desires, pain points, and aspirations. By analyzing this data, marketers can identify patterns, trends, and opportunities to tailor their products, services, and marketing strategies accordingly.
By understanding customers' needs and wants, marketers can develop products and services that truly address their specific problems or fulfill their desires. This customer-centric approach allows marketers to create value by providing solutions that resonate with customers on a deeper level.
Furthermore, understanding customers' needs and wants enables marketers to communicate their value proposition effectively. By crafting compelling marketing messages and positioning their offerings in a way that aligns with customers' aspirations, marketers can attract and engage their target audience more effectively.
Building meaningful relationships and fostering customer loyalty also stem from this understanding. By consistently delivering value, exceeding expectations, and adapting to evolving customer needs, marketers can establish trust, loyalty, and long-term relationships with their customers.
In summary, gaining a deep understanding of customers' needs and wants is crucial for marketers to create value, build meaningful relationships, and cultivate customer loyalty. It forms the foundation for developing customer-centric strategies, delivering tailored solutions, and effectively communicating the value proposition to engage and satisfy customers.
Option C is correct.
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Employees in a large company are entitled to 15-minute water breaks. A random sample of the duration of water breaks for 10 employees was taken with the times shown as: 12, 16, 14, 18, 21, 17, 19, 15, 18, and 16. a. Assuming that the times are normally distributed, is there enough evidence at the 5% significance level to indicate that on average employees are taking longer water breaks than they are entitled to? b. Construct a 95% confidence interval for the population mean.
a. Yes, there is enough evidence at the 5% significance level to indicate that, on average, employees are taking longer water breaks than they are entitled to.
b. The 95% confidence interval for the population mean of water break durations is (14.26, 19.74).
a. To determine if employees are taking longer water breaks than they are entitled to, we can perform a one-sample t-test. We compare the sample mean duration of water breaks to the entitled duration using a significance level of 5%. If the p-value associated with the test is less than 0.05, we have enough evidence to conclude that the average water break duration is longer than the entitlement.
b. To construct a 95% confidence interval for the population mean of water break durations, we use the formula: sample mean ± (critical value * standard error). The critical value is obtained from the t-distribution for a 95% confidence level with degrees of freedom equal to the sample size minus 1. The standard error is calculated as the sample standard deviation divided by the square root of the sample size. By plugging in the values, we can find that the 95% confidence interval for the population mean lies between 14.26 and 19.74.
In conclusion, based on the given data, there is enough evidence to suggest that employees are taking longer water breaks than they are entitled to. Additionally, the 95% confidence interval provides a range of plausible values for the population mean of water break durations.
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The following exercise introduces you to how an organization's culture influences its ability to make desirable chan aligned to its mission, values, and strategies. Complete the collaboration warm-up exercise, Assessing the Role of Collaboration in Facilitating Organizational Change. A transcript of this interactive exercise is also available. Consider what you learned in the experience and respond to the following in a minimum of 175 words: - What do you think the role of collaboration is in assessing organizational culture? - How do you think collaboration can assist an organization to align its current organizational culture with one that will facilitate positive change? -What do you think the role of collaboration is in initiating change? - What are some of the strategies you could use to contribute to effective collaboration when initiating change? - Describe a behavior you have expressed in the past that prevents effective collaboration. Explain how you could avoid repeating this behavior and identify a more effective one to replace it with. Due Day 7 Post 2 replies to classmates or your faculty member. Be constructive and professional.
Collaboration allows for a more comprehensive understanding of the existing culture and its impact on the organization's ability to make desirable changes aligned with its mission, values, and strategies. It helps identify strengths and weaknesses in the current culture and informs the necessary steps to align it with a culture that facilitates positive change.
Collaboration can assist an organization in aligning its current culture with one that promotes positive change by fostering open communication, knowledge sharing, and collective decision-making. Through collaboration, different stakeholders can work together to identify the needed changes, establish common goals, and develop strategies to implement them effectively. The role of collaboration in initiating change is to mobilize a collective effort towards a shared vision. Collaboration brings together individuals with diverse skills, knowledge, and perspectives, enabling them to collectively drive change initiatives. It helps generate buy-in, build consensus, and overcome resistance to change.
To contribute to effective collaboration when initiating change, some strategies include promoting active listening, encouraging open dialogue, fostering a culture of trust and respect, assigning clear roles and responsibilities, and providing necessary resources and support.
In the past, a behavior I expressed that prevented effective collaboration was being resistant to new ideas and perspectives. To avoid repeating this behavior, I can practice being open-minded, actively seeking out different viewpoints, and acknowledging the value of diverse perspectives in driving successful change. I can replace this behavior with actively engaging in discussions, embracing new ideas, and being willing to learn and adapt based on others' inputs.
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Current Attempt In Progress Prior to the distribution of cash to the partners, the accounts in the Blossom Company are Cash $26,800; Vogel, Capital (Cr.) $ 16,000; Utech, Capital (Cr.) $ 14,000, and Pena, Capital (Dr.) $3,200. The income ratios are 5:3-2, respectively. Blossom Company decides to liquidate the company (a) Prepare the entry to record (1) Pena's payment of $3,200 in cash to the partnership and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually)
The cash account has a value of $21,412. Vogel's Capital has a value of $12,847.20. Utech's Capital has a value of $8,564.80. Pena's Capital has a value of $3,200. Therefore, this is the answer to the question with the terms mentioned in the question.
The Blossom Company has the following accounts in its possession prior to the distribution of cash to partners. Cash: $26,800 Vogel, Capital (Cr.): $16,000 Utech, Capital (Cr.): $14,000 Pena, Capital (Dr.): $3,200 The income ratios for the company are 5:3-2. In this case, the Blossom Company decides to liquidate the company. The entries required for the distribution of cash to partners are as follows: (1) Pena's payment of $3,200 in cash to the partnership: Cash $3,200.00 Pena, Capital $3,200.00 (2) Distribution of cash to the partners with credit balances: Cash $21,412.00 Vogel, Capital $12,847.20 Utech, Capital $8,564.80 Pena, Capital $3,200.00 The following is an explanation of the journal entries:For Pena's payment of $3,200 in cash to the partnership, the account titles affected are cash and Pena's Capital. Both accounts have a value of $3,200.For the distribution of cash to the partners with credit balances, the account titles affected are cash, Vogel's Capital, Utech's Capital, and Pena's Capital. The cash account has a value of $21,412. Vogel's Capital has a value of $12,847.20. Utech's Capital has a value of $8,564.80. Pena's Capital has a value of $3,200. Therefore, this is the answer to the question with the terms mentioned in the question.
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A small construction firm is planning to organize an assessment centre to fill 8 positions of service engineers, how are you going to design the assessment centre?
Require about 400 words. DO NOT COPY AND PASTE. please be precise to the question and answer in OWN WORDS.
Designing an assessment center for the selection of service engineers requires careful planning to ensure the evaluation of relevant skills, knowledge, and competencies.
Here's a step-by-step approach to designing the assessment center: Define the Competencies: Start by identifying the key competencies required for the service engineer role. This may include technical skills, problem-solving ability, customer service orientation, teamwork, and communication skills.
Develop Assessment Exercises: Design a variety of exercises that assess the identified competencies. For technical skills, consider practical tasks or simulations that replicate real-world scenarios the service engineers would encounter. Include role plays or case studies to evaluate problem-solving and customer service skills. Group exercises can assess teamwork and collaboration, while presentations or written exercises can evaluate communication abilities.
Assign Assessors: Select assessors who have expertise in the relevant areas and can objectively evaluate the candidates. Ideally, involve a mix of internal and external assessors, including subject matter experts and HR professionals.
Create a Scoring Rubric: Develop a scoring rubric for each exercise, clearly defining the criteria and rating scales for assessment. This helps ensure consistency and fairness in evaluating candidates.
Schedule Assessment Center Activities: Plan the assessment center activities in a sequential manner, allowing sufficient time for each exercise. Provide candidates with a schedule in advance to help them prepare.
Conduct Briefings: Before each exercise, provide candidates with a briefing outlining the purpose, expectations, and instructions for the activity. This ensures candidates understand what is expected and feel comfortable during the assessment.
Collect Assessment Data: During the assessment center, assessors should observe and document candidate performance based on the scoring rubric. Use standardized assessment forms or digital tools for efficient data collection.
Facilitate Assessor Discussions: After each exercise, facilitate assessor discussions to share observations, compare candidate performances, and arrive at consensus ratings. This helps ensure a fair and balanced evaluation.
Evaluate and Select Candidates: Consolidate the assessment data and scores from all exercises. Consider individual and comparative performance to identify the most suitable candidates for the service engineer positions.
Provide Feedback: After the assessment process, provide candidates with constructive feedback on their performance, highlighting strengths and areas for improvement. This helps enhance their understanding and development.
By following these steps, the assessment center for the small construction firm can effectively evaluate candidates for the service engineer positions, ensuring a fair and comprehensive selection process.
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Smith Company had a year-end ending balance in MOH of $34,567 (credit balance), which was not considered mate Record the general journal entry to close the MOH account.
The general journal entry to close the MOH account for Smith Company with a year-end ending balance in MOH of $34,567 (credit balance) is The Manufacturing Overhead (MOH) account usually has a credit balance at the end of the year. It is usually necessary to close the account.
The account balance is closed to the Cost of Goods Sold account. The journal entry for closing MOH account is: Date Accounts Titles and
Debit Credit Year-End Cost of Goods Sold34,567Year-EndManufacturing Overhead34,567Closing of MOH Account On December 31st, Smith Company's Manufacturing Overhead (MOH) account has a balance of $34,567 (credit balance). At the end of the year, the balance of the MOH account should be closed to the Cost of Goods Sold account by recording the journal entry above.
The debit to the Cost of Goods Sold account increases the expenses and decreases the net income. The credit to the MOH account reduces its balance to zero.
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A Company Shows The Following Information On Its 2020 Statement Of Profit Or Loss: Revenue = $305000; Expenses = $176000; Other Expenses = $8900; Depreciation Expense = $18700; Finance Cost = $12900; Taxes = $23345; Dividends = $19500. In Addition, You Are Told That The Firm Issued $6400 In New Equity During 2020 And Redeemed $4900 In Outstanding Non-Current
A company shows the following information on its 2020 statement of profit or loss:
Revenue = $305000; Expenses = $176000; Other expenses = $8900; Depreciation expense = $18700; Finance cost = $12900; Taxes = $23345; Dividends = $19500.
In addition, you are told that the firm issued $6400 in new equity during 2020 and redeemed $4900 in outstanding non-current debt.
Find the following:
What is the 2020 operating cash flow? (5 marks)
What is the 2020 cash flow to creditors? (5 marks)
What is the 2020 cash flow to shareholders? (5 marks)
If net non-current assets increased by $46 000 during the year, what was the addition to NWC? (5 marks)
The 2020 operating cash flow is $17000. The 2020 cash flow to creditors is nil. The 2020 cash flow to shareholders is $13100.
Operating cash flow can be calculated as follows:
Operating cash flow = Operating income + Depreciation – Taxes – Increase in NWC
Operating income = Revenue - Expenses = $305000 - $176000 = $129000
Depreciation = $18700, Taxes = $23345
Increase in NWC = Change in Current assets – Change in Current liabilities
For the calculation of the increase in net non-current assets, we need to know the net non-current assets of the company at the beginning and end of the year to determine the change in the net non-current assets.
If the net non-current assets increased by $46,000 during the year, it means that the net non-current assets at the end of the year is $46,000 more than that of the beginning of the year. Thus, the beginning value of net non-current assets must be subtracted from the ending value to determine the change in net non-current assets. Then, we can determine the change in NWC. Now, we will calculate the cash flows to creditors and shareholders.
Cash flow to creditors can be calculated as follows:
Cash flow to creditors = Interest paid – Net new borrowing, Interest paid = $12900
Net new borrowing = Redeemed non-current debt - Issued new equity = $4900 - $6400 = -$1500
Negative value indicates that the company has repaid more debt than the new debt issued. Hence, there is no cash flow to creditors.
Cash flow to shareholders can be calculated as follows:
Cash flow to shareholders = Dividends paid - Net new equity
Net new equity = Issued new equity - Redeemed common stock = $6400 - 0 = $6400
Cash flow to shareholders = $19500 - $6400 = $13100
Now, we will calculate the operating cash flow.
Operating cash flow = $129000 + $18700 - $23345 - Increase in NWC
Substituting the values, we get,
$107355 = $129000 + $18700 - $23345 - Increase in NWC
Solving for increase in NWC, we get
Increase in NWC = $129000 + $18700 - $23345 - $107355= $17000
So, the addition to NWC was $17000.
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