Implementing Enterprise Risk Management (ERM) provides several benefits for organizations. ERM helps identify, assess, and manage risks comprehensively, leading to improved decision-making, enhanced operational efficiency, and increased resilience.
Enterprise Risk Management (ERM) offers numerous advantages for organizations. Firstly, ERM helps identify and assess risks across the entire organization, ensuring a comprehensive understanding of potential threats and vulnerabilities. By considering risks holistically, organizations can make better-informed decisions, allocate resources effectively, and prioritize risk mitigation efforts. This leads to improved decision-making, as management can factor in potential risks and rewards when evaluating strategic options.
Secondly, ERM enhances operational efficiency by promoting a systematic and integrated approach to risk management. It enables organizations to streamline risk processes, consolidate data, and eliminate duplicated efforts. With a centralized risk management framework, organizations can optimize risk mitigation strategies, reduce redundancies, and improve operational effectiveness.
Additionally, ERM allows organizations to align risk management with their strategic objectives. By integrating risk considerations into strategic planning, organizations can proactively identify and manage risks that may hinder the achievement of their goals. This approach enables better risk-informed decision-making, as risks are assessed and addressed upfront, resulting in a more robust and resilient business strategy.
ERM also fosters a risk-aware culture within the organization. When risk management becomes embedded in the organization's DNA, employees at all levels develop a heightened awareness of risks and their potential impacts. This leads to improved risk identification and reporting, proactive risk mitigation efforts, and a greater sense of accountability across the organization.
Furthermore, implementing ERM enhances stakeholder confidence. External stakeholders, such as investors, regulators, and customers, gain assurance that the organization has a robust risk management framework in place. This, in turn, can lead to increased trust, better relationships, and improved reputation for the organization.
ERM also helps organizations seize opportunities effectively. By understanding the risks associated with potential opportunities, organizations can make informed decisions about pursuing new ventures or expanding into new markets. ERM enables a balanced view of risk and reward, allowing organizations to take calculated risks while minimizing potential negative impacts.
In terms of regulatory compliance, ERM assists organizations in meeting legal and regulatory requirements. By identifying and addressing compliance risks, organizations can avoid penalties, legal disputes, and reputational damage.
Financially, implementing ERM can reduce losses. By proactively managing risks, organizations can mitigate potential financial impacts, such as losses from operational disruptions, legal liabilities, or reputational harm. This can lead to cost savings and preservation of resources.
Lastly, ERM supports the long-term sustainability of organizations. By considering risks in a strategic and proactive manner, organizations can identify emerging risks and adapt their operations accordingly. This enables organizations to navigate uncertainties, respond to changing market conditions, and ensure their continued success and viability in the long run.
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Wildhorse Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $192,000, and factory wages incurred $87,740. 2. Materials requisitioned and factory labor used by job: 3. Manufacturing overhead costs incurred on account \$49.500. (Hint: Use Accounts Payable.) 4. Depreciation on factory equipment $14,540. 4. Depreciation on factory equipment $14,540. 5. Depreciation on the company's office building was $14,340. 6. Manufacturing overhead rate is 90% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Prepare entries to record the operations summarized above. (List all debit entries before credit entries. Credit occount tities are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation (1) (To record materials purchases) (To record factory wages) (2) (To record materials put into production) (To record labor put into production) (To record labor put into production) (3) (4) (5) (6) (7) eTextbook and Media
A gap year is a time period when students take a break from their studies between high school and college, in order to explore personal interests and travel before starting their college education.
During this year, students can travel to different places to expand their cultural and educational understanding, or take part in professional internships to gain valuable work experience. Most gap years are taken between one’s academic years in high school and college. It can also give students the time and freedom to learn and grow on their own terms.
A gap year is a great way for students to deepen their knowledge and understanding of different cultures. The ability to travel and explore new places can offer students a great opportunity to gain a firsthand understanding of different cultures and beliefs. By observing a culture different from what they are used to, they can gain a deeper appreciation for the differences in cultures and customs.
Additionally, a gap year can also offer students the chance to work on specific goals, develop a skill, experience internships, and reconnect with themselves. Students can take this time to focus on their personal interests and passions. They can develop skills in their desired field and as a result be better prepared to pursue the college education that will fulfill these goals.
A gap year can be a great
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Part 1: Total Cost of Job A23 = $43,575.
Part 2: Materials Inventory $192,000 Accounts Payable $192,000 (To record materials purchases on account)
Part 1: Schedule showing the individual cost elements and total cost for each job in item 7. Calculation of Manufacturing Overhead for each job are given below:
Job A20 Direct Material Cost = $5,200
Job A20 Direct labor Cost = $7,860
Manufacturing Overhead Costs Incurred on Job A20 = (90/100) x $7,860 = $7,074
Total Cost of Job A20 = $5,200 + $7,860 + $7,074 = $20,134
Job A21 Direct Material Cost = $10,100
Job A21 Direct labor Cost = $10,810
Manufacturing Overhead Costs Incurred on Job A21 = (90/100) x $10,810 = $9,729
Total Cost of Job A21 = $10,100 + $10,810 + $9,729 = $30,639
Job A23 Direct Material Cost = $14,220
Job A23 Direct labor Cost = $15,450
Manufacturing Overhead Costs Incurred on Job A23 = (90/100) x $15,450 = $13,905
Total Cost of Job A23 = $14,220 + $15,450 + $13,905 = $43,575
Part 2: Prepare entries to record the operations summarized above. (List all debit entries before credit entries. Credit account quantities are automatically indented when the amount is entered. Do not indent manually)
No. Account Titles and Explanation Debit Credit
1 Materials Inventory $192,000 Accounts Payable $192,000 (To record materials purchases on account)
2 Work in Process Inventory:
Job A20
Job A21
Job A23 $5,200
$10,100
$14,220
Raw Materials Inventory
Raw Materials Inventory
Raw Materials Inventory (To record materials put into production)
3 Manufacturing Overhead $14,472
Raw Materials Inventory $5,200
Work in Process Inventory: Job A20 $7,860
Work in Process Inventory: Job A21 $10,810
Work in Process Inventory: Job A23 $15,450 (To record labor put into production and Manufacturing Overhead on jobs)
4 Manufacturing Overhead $49,500 Accounts Payable $49,500 (To record Manufacturing Overhead costs incurred on account)
5 Manufacturing Overhead $14,540 Accumulated Depreciation - Factory Equipment $14,540 (To record Depreciation on factory equipment)
6 Manufacturing Overhead $14,340 Accumulated Depreciation - Building $14,340 (To record Depreciation on the building)
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So, on each budget which L, C point gives maximum utility. How much labor will
be supplied at each budget? each budget is the shape
To determine the L, C point that gives maximum utility on each budget, we need to consider the shape of the budget constraint. The budget constraint shows the different combinations of labor (L) and capital (C) that can be purchased at a given budget.
To find the point that maximizes utility, we need to find the combination of L and C that lies on the budget constraint and maximizes the utility function. The utility function represents the satisfaction or benefit derived from consuming goods or services.
To determine the amount of labor supplied at each budget, we need to find the corresponding L, C point on the budget constraint that maximizes utility. This can be done by analyzing the trade-off between L and C and finding the point that gives the highest utility within the budget constraint.
The specific amount of labor supplied at each budget will depend on the shape of the budget constraint and the specific utility function. Without further information, it is not possible to determine the exact amount of labor supplied at each budget. However, by analyzing the budget constraint and utility function, you can determine the combination of L and C that gives maximum utility at each budget.
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A US firm has a subsidiary in Japan which earned YEN 2.4 billion last year. How much is that in US dollars at the rate of exchange in the table? Earnings in USD = USD million
The earnings of the us firm's subsidiary in japan, which is yen 2.4 billion, would be equivalent to usd 24 million at the given exchange rate.
the earnings in us dollars would be usd 2.4 million.
to calculate the earnings in us dollars, we need to convert the yen 2.4 billion to usd using the exchange rate provided in the table. since the question does not mention the specific exchange rate, i'll assume you have provided the table separately.
let's assume the exchange rate from yen to usd is 100 yen = 1 usd.
to convert yen 2.4 billion to usd, we divide the amount by the exchange rate:yen 2.4 billion / 100 = yen 24 million.
since the question specifically asks for earnings in usd million, we divide the yen 24 million by 1,000 to get the earnings in usd million:
yen 24 million / 1,000 = usd 24 million.
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There is research evidence to suggest that employees are happier working for a company that provides them with opportunities to contribute to environmental sustainability. Why do you think this would be the case?
The research evidence indicates that employees are happier working for a company that provides them with opportunities to contribute to environmental sustainability.
Several reasons account for this. For starters, employees that work for companies that encourage sustainability initiatives feel a sense of purpose and accomplishment. Additionally, these activities create an opportunity for teamwork and collaboration, promoting social interaction and motivation.
As part of a positive social duty, companies are more focused on implementing sustainable practices. Employees are now getting more connected to the idea of sustainability and are looking for businesses that share their values. Implementing green business methods provides an ideal method to boost employee engagement. It is significant to get employees interested in sustainability for its own sake since the company will achieve maximum engagement with it. Engaged employees are vital because they are more productive, take less time off, and are more innovative than disengaged employees.
This type of initiative has many benefits for the company and its employees, including creating a positive image for the company and boosting employee morale and productivity.
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An owner who owns shares of a corporation. The difference when revenues are greater than expenses. An economic exchange. The area of accounting that serves the decision-making needs of internal users. Assets that are paid in cash in advance and have benefits that apply over future periods. The underlying accounting concepts or principles that is based on International Financial Reporting Standards (IFRS) for publically accountable enterprises. The day-to-day processes involved in selling products and/or services to generate net income. Shows that the total assets of a business must always equal the total claims against those assets by creditors and owners. Expressed as assets = liabilities + equity. The process of identifying, measuring, recording, and communicating an organization's economic activities to users. The end of each 12-month period when annual financial statements are prepared.
Shareholder: An owner who owns shares of a corporation.
Net Income: The difference when revenues are greater than expenses.
Transaction: An economic exchange.
Managerial Accounting: The area of accounting that serves the decision-making needs of internal users.
Prepaid Expenses: Assets that are paid in cash in advance and have benefits that apply over future periods.
IFRS: The underlying accounting concepts or principles that are based on International Financial Reporting Standards (IFRS) for publicly accountable enterprises.
Revenue Cycle: The day-to-day processes involved in selling products and/or services to generate net income.
Accounting Equation: Shows that the total assets of a business must always equal the total claims against those assets by creditors and owners. Expressed as assets = liabilities + equity.
Financial Accounting: The process of identifying, measuring, recording, and communicating an organization's economic activities to users.
Fiscal Year-End: The end of each 12-month period when annual financial statements are prepared.
Shareholder: A shareholder is an individual or entity that owns shares of a corporation, representing ownership interest and entitlement to the company's profits and assets.
Net Income: Net income is the financial result of subtracting total expenses from total revenues, indicating whether a company has generated a profit or incurred a loss during a specific period.
Transaction: A transaction refers to an economic exchange or event involving the transfer or exchange of goods, services, or resources between two or more parties.
Managerial Accounting: Managerial accounting focuses on providing financial information and analysis to internal users (such as managers and executives) to support decision-making, planning, and control within an organization.
Prepaid Expenses: Prepaid expenses are assets that are initially paid in advance but provide future benefits over multiple accounting periods. Examples include prepaid insurance, prepaid rent, or prepaid subscriptions.
IFRS: International Financial Reporting Standards (IFRS) are a set of accounting principles, rules, and standards that provide a framework for financial reporting and are used by publicly accountable enterprises to prepare their financial statements.
Revenue Cycle: The revenue cycle represents the series of activities and processes involved in generating revenue for a business, including sales, billing, collections, and customer relationship management.
Accounting Equation: The accounting equation states that the total assets of a business must always be equal to the total claims against those assets, which include both liabilities (owed to creditors) and equity (invested by owners). It is expressed as assets = liabilities + equity.
Financial Accounting: Financial accounting involves the systematic recording, measurement, analysis, and reporting of an organization's financial transactions and activities to external users, such as investors, creditors, and regulatory authorities.
Fiscal Year-End: The fiscal year-end refers to the end of a 12-month accounting period chosen by a company for reporting its financial results and preparing annual financial statements. It marks the completion of one financial year and the beginning of the next.
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Which one of the following individuals must include in gross income all or a portion of the value of the employee fringe benefit received? Alicia, a legal secretary who is provided with a discount of 50 percent on legal services purchased from her employer. Sandy, a hotel employee who is allowed to stay at any of the company's hotels for free. George, a department store employee who is allowed to purchase merchandise at a discount of 10 percent off the retail price (the store's profit margin is 30 percent). All of these taxpayers must recognize some gross income. Blake, an oil company executive who is provided with free online subscriptions to The Wall Street Journal and other business periodicals.
The individual who must include in gross income all or a portion of the value of the employee fringe benefit received is George, the department store employee who is allowed to purchase merchandise at a discount of 10 percent off the retail price.
The general rule for employee fringe benefits is that if an employee receives a benefit that has value, it is considered taxable income unless there is a specific provision in the tax code that excludes it. In the case of George, the discount he receives on merchandise is a valuable benefit that he enjoys as an employee. Therefore, he must include in his gross income the portion of the discount that represents a reduction in the store's profit margin (in this case, 30 percent).
For Alicia, the legal secretary, Sandy, the hotel employee, and Blake, the oil company executive, their respective fringe benefits (discount on legal services, free hotel stays, and free online subscriptions) do not represent a direct reduction in the employer's profit margin. Therefore, they are not required to include the value of these fringe benefits in their gross income.
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Compute the activity rate for each of the activity cost pools.(Round your answers to 2 decimal places.) Activity Cost Pool Activity Rate Caring for lawn per square feet of lawn Caring for garden bedslow maintenance per square feet of low maintenance beds Caring for garden beds-high maintenance per square feet of high maintenance beds Travel to jobs per mile Customer billing and service per customer
Cost Pool Activity RateCaring for lawn per square feet of lawn $0.20Caring for garden bedslow maintenance per square feet of low maintenance beds $0.30Caring for garden beds-high maintenance per square feet of high maintenance beds $1.00Travel to jobs per mile $4.00Customer billing and service per customer $100.
Given thatActivity Cost Pool Activity Rate Caring for lawn per square feet of lawn Caring for garden bedslow maintenance per square feet of low maintenance beds Caring for garden beds-high maintenance per square feet of high maintenance beds Travel to jobs per mile Customer billing and service per customer.
To compute the activity rate for each of the activity cost pools, we need to divide the total cost by the total number of activities.Activity Cost Pool Activity RateCaring for lawn $50,000 / 250,000 sq. ft = $0.20 per sq. ftCaring for garden beds-low maintenance $15,000 / 50,000 sq. ft = $0.30 per sq. ftCaring for garden beds-high maintenance $25,000 / 25,000 sq. ft = $1.00 per sq. ftTravel to jobs $10,000 / 2,500 miles = $4.00 per mileCustomer billing and service $20,000 / 200 customers = $100 per customer.
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2. (25 points) Suppose that you just had a baby and wish to ensure that enough money will be available to pay for your child's college education. Currently, college tuition, books, fees, and other cost $25,500 per year. On average, tuition and other costs have historically increased at a rate of 6.5% per year. Assume the first college payment is made immediately after your child's 18 th birthday (i.e., at time =18 ). a. Assuming college costs continue to increase an average of 6.5% per year and that all the college savings are invested in an account paying 7% interest, what is the amount of money you will need to have available at age 18 to pay for all four years of your child's undergraduate education? b. How much do you need to save every year until your child's 18 th birthday to achieve this goal, assuming you make the first savings payment on your child's first birthday (time-1), the last one on your child's 18 th birthday (time =18 )? Assume you save the same amount every year.
You will need to have approximately $120,754.14 available at age 18 to pay for all four years of your child's undergraduate education.
a. to calculate the amount of money needed to pay for all four years of your child's undergraduate education, we need to find the future value of the college costs.
given:college costs per year = $25,500
annual increase rate = 6.5%interest rate on savings = 7%
time period = 18 years (from the child's birth to 18th birthday)
we can use the future value formula with regular deposits:
future value = p * ((1 + r)ⁿ - 1) / r
where:p = annual college costs
r = interest rate on savings n = number of years
for each year, the annual college costs will be increased by 6.5%.
using the formula, we can calculate the future value:
future value = $25,500 * ((1 + 0.065)⁴ - 1) / 0.065 ≈ $120,754.14 b. to determine the amount you need to save every year until your child's 18th birthday, we can use the formula for regular deposits:
payment = future value * (r / ((1 + r)ⁿ - 1))
where:
future value = $120,754.14 (calculated in part a)r = interest rate on savings
n = number of years
since the first savings payment is made on your child's first birthday (time-1), and the last one is on your child's 18th birthday (time = 18), the number of years is 18 - 1 + 1 = 18.
using the formula, we can calculate the annual savings payment:
payment = $120,754.14 * (0.07 / ((1 + 0.07)¹⁸ - 1)) ≈ $4,046.41
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Rio Coffee Shoppe sells two coffee drinks, a regular coffee and a latte. The two drinks have the following prices and cost characteristics: Regular coffee Latte Sales price (per cup) $ 1.70 $ 2.70 Variable costs (per cup) 0.70 1.30 The monthly fixed costs at Rio are $7,772. Based on experience, the manager at Rio knows that the store sells 60 percent regular coffee and 40 percent lattes. Requirement 1: How many cups of regular coffee must Rio sell every month to break even? (Do not round intermediate calculations.) Number of cups Requirement 2: How many cups of lattes must Rio sell every month to break even? (Do not round intermediate calculations.) Number of cups
Number of cups of regular coffee is 4,021 cups. Number of cups of lattes is 2,681 cups.
To calculate the number of cups of regular coffee and lattes that Rio Coffee Shoppe must sell to break even, we need to consider the contribution margin per cup for each type of drink.
Contribution margin per cup = Sales price per cup - Variable cost per cup
For regular coffee:
Contribution margin per cup of regular coffee = $1.70 - $0.70 = $1.00
For latte:
Contribution margin per cup of latte = $2.70 - $1.30 = $1.40
Total contribution margin = (Contribution margin per cup of regular coffee * Number of cups of regular coffee) + (Contribution margin per cup of latte * Number of cups of lattes)
Since the manager knows that the store sells 60% regular coffee and 40% lattes, we can express the number of cups of regular coffee and lattes in terms of a single variable, let's call it 'x':
Number of cups of regular coffee = 0.6x
Number of cups of lattes = 0.4x
Substituting these values into the total contribution margin equation, we get,
Total contribution margin = ($1.00 * 0.6x) + ($1.40 * 0.4x)
To break even, the total contribution margin must be equal to the fixed costs:
Total contribution margin = Fixed costs
($1.00 * 0.6x) + ($1.40 * 0.4x) = $7,772
Now we can solve for 'x' to find the number of cups of regular coffee and lattes that Rio Coffee Shoppe must sell to break even:
0.6x + 0.56x = $7,772
1.16x = $7,772
x = $7,772 / 1.16
x ≈ 6,701.72
Since we cannot sell fractional cups, we round up to the nearest whole number.
Requirement 1: The number of cups of regular coffee Rio must sell every month to break even is approximately 6,702 cups.
Number of cups of regular coffee = 0.6 * 6,702 ≈ 4,021 cups
Requirement 2: The number of cups of lattes Rio must sell every month to break even is approximately 6,702 cups.
Number of cups of lattes = 0.4 * 6,702 ≈ 2,681 cups
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you are a marketing consultant for a specialty coffee bistro and bakery. the business has been operating for about a year and is still not earning a profit. your role is to determine the breakeven point and make recommendations on changes to one or more of the 4 p's: product, price, promotion, and place.
As a marketing consultant for a specialty coffee bistro and bakery, your role is to determine the breakeven point and make recommendations for changes in one or more of the 4 P's: product, price, promotion, and place.
In order to determine the breakeven point, you would analyze the current financials of the business, including costs, revenue, and expenses. This calculation helps identify the level of sales needed to cover all costs and start generating a profit.
After determining the breakeven point, you can evaluate the 4 P's of the marketing mix to identify areas for improvement. For the product, you might consider introducing new menu items or enhancing the existing offerings based on customer preferences. Price adjustments can be made to ensure profitability while remaining competitive. Promotional strategies can be refined to increase brand awareness and attract more customers. Lastly, the place or distribution channels can be optimized to reach the target market effectively.
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For persuasive speeches, the process that involves adjusting your message both to the knowledge level of the listeners and to their present position on the issue is:________
The process that involves adjusting your message both to the knowledge level of the listeners and to their present position on the issue is audience adaptation.
How does audience adaptation contribute to persuasive speeches?Audience adaptation plays crucial role in persuasive speeches by tailoring the message to suit the listeners' knowledge level and current position on the issue. By understanding their existing understanding of the topic and considering their perspective, we will effectively engage audience and increase the chances of persuasion.
This process allows speakers to bridge gaps in knowledge, address potential objections and present information in a way that resonates with the listeners. So, its enhances the overall impact and effectiveness of persuasive speeches.
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Name and briefly discuss two fundamental purposes of workers’ compensation.
Workers’ compensation is a type of insurance that covers the expenses and lost income of employees who are injured on the job.
The fundamental purposes of workers’ compensation are as follows: 1. To provide benefits to injured workers: The primary purpose of workers’ compensation is to provide benefits to employees who are injured on the job. These benefits may include medical expenses, lost wages, and disability payments. Workers’ compensation ensures that employees have access to the care they need to recover from their injuries without suffering financial hardship. 2. To protect employers: Workers’ compensation also serves to protect employers from lawsuits and other legal action. In many cases, employees who are injured on the job are prohibited from suing their employers for damages.
Workers’ compensation provides a no-fault system that allows injured workers to receive benefits without having to prove that their employer was at fault for their injuries. Workers’ compensation is a critical system that benefits both employees and employers. By providing benefits to injured workers, workers’ compensation ensures that employees are not left without care or income after a workplace injury. This system also protects employers from the financial and legal risks associated with workplace injuries. In short, workers’ compensation is a safety net that supports both employees and employers in the event of workplace injuries.
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A $120,000 home mortgage for 30 years at 7½% has a monthly payment of $839.06. Part of the monthly payment is paid toward the interest charge on the unpaid balance, and the remainder of the payment is used to reduce the principal. The amount that is paid toward the interest is: = − ( − P 12) (1 + 12) 12 The amount that is paid toward the reduction of the principal is: = ( − P 12) (1 + 12) 12 In these formulas, P is the size of the mortgage, r is the interest rate, M is the monthly payment, and t is the time in years. If the repayment period was changed from thirty years to twenty years, the monthly payment would be $966.71.
The question: We can get an estimate of the time when the monthly payment is divided evenly between interest and principal reduction from the graph. To get a closer result we can solve by using techniques involving exponential equations. For this part of the project you need to set u and v equal and solve for the variable t. Use the values given in the situation for this mortgage loan. All work should be shown, and if necessary, round your results to three decimal places. You should do this for both the 30 year mortgage and the 20 year mortgage.
To estimate the time when the monthly payment is divided evenly between interest and principal reduction, we can solve for the variable t using the given formulas.
For the 30-year mortgage:
Monthly payment (M) = $839.06
Principal (P) = $120,000
Interest rate (r) = 7½% or 0.075
Time in years (t) = ?
To find t, we can use the formula:
M = (−P/12) * (1 + r/12)^(12t)
839.06 = (−120000/12) * (1 + 0.075/12)^(12t)
Similarly, for the 20-year mortgage:
Monthly payment (M) = $966.71
Principal (P) = $120,000
Interest rate (r) = 7½% or 0.075
Time in years (t) = ?
To find t, we can use the same formula:
M = (−P/12) * (1 + r/12)^(12t)
966.71 = (−120000/12) * (1 + 0.075/12)^(12t)
Solving these equations will give us the estimated time (t) when the monthly payment is divided evenly between interest and principal reduction for both the 30-year and 20-year mortgages. Make sure to show your work and round your results to three decimal places if necessary.
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Poppy Corporation acquires Stevens Company, paying the owners of Stevens 1,000,000 new shares with a par value of $0.50 per share and a fair value of $60 per share at the date of acquisition. Poppy also incurs cash registration fees of $50,000 and consulting fees of $500,000. Several of Stevens’ former owners will stay on as employees, and Poppy agrees to pay them an additional amount if they remain with the company. The present value of this agreement at the date of acquisition is $300,000. What is Poppy’s reported acquisition cost? Select one: a. $60,500,000 b. $60,300,000 c. $60,800,000 d. $60,000,000
The reported acquisition cost for Poppy Corporation would be $60,500,000. This includes the fair value of the shares given to the owners of Stevens, which is calculated as 1,000,000 shares * $60 per share = $60,000,000.
In addition, the cash registration fees of $50,000 and consulting fees of $500,000 are also included in the acquisition cost. However, the present value of the additional payment agreement for the former owners, which is $300,000, is not included in the reported acquisition cost. Therefore, the total reported acquisition cost is $60,000,000 + $50,000 + $500,000 = $60,550,000. Rounded to the nearest hundred thousand, the reported acquisition cost is $60,500,000. So, the correct answer is a. $60,500,000.
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The following additional information relates to needed adjustments. You must update the accounts from the previous question for Camino Visions.
Adjustments
1.) A count of inventory showed that $3,000 in office supplies inventory remained at September 30.
2.) The company's prepaid insurance purchased on September 1 requires an adjustment for the month of September.
3.) The company's prepaid rent purchased on September 1 requires an adjustment for the month of September.
4.) Camino Visions has 1 employee who earned a total of $3,400 in salaries during September that will not be paid until October 3.
5.) The office equipment invested on September 1 must be depreciated. Use the invested value of $50,000 as the cost. The salvage value is expected to be $5,000 at the end of its predicted 5-year life. Depreciation must be recorded for the month of September only.
6.) The company evaluated work done on the project that was paid for in advance on September 6. Half of the project was completed by September 30. An adjustment to unearned revenue is needed.
Required:
In the space provided (answer area), prepare adjusting journal entries to record your adjustments. You will need to create additional ledgers (T-accounts) for Accumulated Depreciation (165); Salaries Payable (210); Salaries Expense (680); Supplies Expense (685); Rent Expense (687), Insurance Expense (688) and Depreciation Expense (695).
Use the same format as your earlier journal entries.
To record the needed adjustments for Camino Visions, we will prepare adjusting journal entries for each adjustment.
Let's go through each adjustment step-by-step:
1. The count of inventory showed that $3,000 in office supplies inventory remained at September 30. This means that $3,000 worth of office supplies was still available for use at the end of September. We need to adjust the Supplies Expense and Office Supplies Inventory accounts.
- Debit: Supplies Expense (685) for $3,000
- Credit: Office Supplies Inventory (165) for $3,000
2. The company's prepaid insurance purchased on September 1 requires an adjustment for the month of September. This means that a portion of the prepaid insurance has expired in September. We need to adjust the Insurance Expense and Prepaid Insurance accounts.
- Debit: Insurance Expense (688) for the portion of the prepaid insurance that has expired in September
- Credit: Prepaid Insurance (Current Asset) (120) for the same amount as the debit
3. The company's prepaid rent purchased on September 1 requires an adjustment for the month of September. This means that a portion of the prepaid rent has expired in September. We need to adjust the Rent Expense and Prepaid Rent accounts.
- Debit: Rent Expense (687) for the portion of the prepaid rent that has expired in September
- Credit: Prepaid Rent (Current Asset) (115) for the same amount as the debit
4. Camino Visions has 1 employee who earned a total of $3,400 in salaries during September that will not be paid until October 3. This means that the company owes this employee for their September earnings. We need to adjust the Salaries Payable and Salaries Expense accounts.
- Debit: Salaries Expense (680) for $3,400
- Credit: Salaries Payable (210) for $3,400
5. The office equipment invested on September 1 must be depreciated. We need to calculate the depreciation expense for the month of September using the straight-line method. Given that the invested value is $50,000 and the salvage value is $5,000 at the end of its 5-year life, the annual depreciation expense would be ($50,000 - $5,000) / 5 = $9,000. Therefore, the monthly depreciation expense is $9,000 / 12 = $750.
- Debit: Depreciation Expense (695) for $750
- Credit: Accumulated Depreciation - Office Equipment (165) for $750
6. The company evaluated work done on the project that was paid for in advance on September 6. Half of the project was completed by September 30. We need to adjust the Unearned Revenue account.
- Debit: Unearned Revenue (Current Liability) (220) for the portion of the project that has been earned (half of the total payment)
- Credit: Revenue (or Service Revenue) account for the same amount as the debit
Remember to include these adjusting journal entries in the ledgers (T-accounts) for Accumulated Depreciation (165), Salaries Payable (210), Salaries Expense (680), Supplies Expense (685), Rent Expense (687), Insurance Expense (688), and Depreciation Expense (695).
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Prepare 2020 entries for Pharoah assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, $58,000 relates to sales of warranty contracts. Warranty costs incurred in 2020 were $20,000. Estimate revenues to be recognized on a straight-line basis. If no entry is required, select "No Enity for the account titles and enter 0 for the amounts. Credit ocoount titles ore outomatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 5 decimol ploces, eg. 1.54657 answers to O decimal places, eg. 5,125. Record journal entries in the order presented in the problem.)
The journal entries in the given problem are:
1. Estimated warranty expense - $38000, Warranty liability - $38000
2. Warranty liability - $20000, Cash - $20000
3. Cash - $58000, Unearned warranty revenue - $58000
4. Unearned warranty revenue - $19333.33, Warranty revenue - $19333.33
In accounting, warranty contracts are vital to keep track of, as they are agreements between a seller and a buyer that the seller is liable for specific repairs or replacements during a specified time limit. The amount of money set aside for warranty claims is known as warranty costs.
Service-type warranty is the type of warranty which the seller promises to provide a service rather than a product. It is a warranty agreement where the seller provides service to the customer for a particular period of time for no extra cost. In other words, it is a service contract in which the seller promises to provide repairs, maintenance, or customer support on the product or service sold.
For the given question, assuming that the warranties are not an integral part of the sale (a service-type warranty), the following are the journal entries recorded in the order presented in the problem:
1. Entry for the estimated warranty expense: Estimated warranty expense X, Warranty liability X
(X = 58000-20000 = 38000)
2. Entry for the warranty work done during the year: Warranty liability X, Cash X
(X= 20000)
3. Entry for the sale of warranty contracts: Cash X, Unearned warranty revenue X
(X = 58000)
4. Entry for the recognition of revenue on a straight-line basis: Unearned warranty revenue X, Warranty revenue X
(X= 58000/3 = 19333.33)
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In times of peak demand, service
marketers may need to consider de.
marketing. What strategies can be
used to reduce demand for a night
club?
During times of peak demand, service marketers may need to consider de-marketing, which involves reducing demand for a product or service. In the case of a night club, there are several strategies that can be used to achieve this:
1. Adjust pricing: Increase ticket prices during peak demand to discourage attendance and manage crowd size. This can be done through tiered pricing or implementing cover charges.
2. Implement reservation systems: By requiring customers to make reservations in advance, the club can control the number of attendees and avoid overcrowding.
3. Limit access: Restrict entry to members or VIP guests only, which can reduce demand from the general public.
4. Time-limited promotions: Offer discounted entry or drink specials during off-peak hours to incentivize customers to visit at less busy times.
5. Collaborate with other venues: Partner with nearby businesses to offer joint promotions or events, diverting some demand away from the night club.
6. Advertise alternative options: Promote alternative entertainment options during peak times, such as live music events or themed parties, which can help spread demand across different venues.
By implementing these strategies, service marketers can effectively reduce demand for a night club during peak periods. This can help maintain a safe and enjoyable experience for customers while optimizing revenue for the business.
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Part 1 (so make a note of the answer to this question as you will need it to answer Part 3)
What is the duration of a two year bond that pays an annual coupon of 10% and has a current yield to maturity of 12%? Use $1,000 as the face value. (round to 4 decimals)
Part 2 (so make a note of the answer to this question as you will need it to answer Part 3)
What is the duration of a two year zero coupon bond that is yielding 11.5%? Use $1,000 as the face value.
this question uses your answers to Part 1 and Part 2 (Part 1 was a two year bond that pays an annual coupon of 10% and has a current yield to maturity of 12% and Part 2 was duration of a two year zero coupon bond that is yielding 11.5%?
Given these answers, how does duration differ from maturity?
A.
Duration will always be lower than the number of years to maturity for positive interest bearing bonds
B.
Duration will equal maturity
C.
Duration will always be higher than the number of years to maturity for positive interest bearing bonds
D.
all of the above can be true
Part 1:
To calculate the duration of a two-year bond with an annual coupon of 10% and a current yield to maturity of 12%, we need to use the following formula:
Duration = [(1 + (Coupon Rate / Current Yield)) * (1 - (1 / (1 + Current Yield)^Number of Periods))] / Current Yield
Coupon Rate = 10%
Current Yield = 12%
Number of Periods = 2 (since it's a two-year bond)
Plugging in the values:
Duration = [(1 + (0.10 / 0.12)) * (1 - (1 / (1 + 0.12)^2))] / 0.12
Duration = [(1.8333) * (0.7692)] / 0.12
Duration = 1.1745 (rounded to 4 decimals)
The duration of the two-year bond is approximately 1.1745.
Part 2:
To calculate the duration of a two-year zero-coupon bond with a yield of 11.5%, we can simply use the number of years to maturity, as zero-coupon bonds do not have coupon payments.
Duration = Number of Years to Maturity = 2
The duration of the two-year zero-coupon bond is 2.
Part 3:
Duration represents the weighted average time it takes to receive the cash flows from a bond, including both coupon payments and the return of the principal. It is a measure of the bond's price sensitivity to changes in interest rates.
Given the answers from Part 1 and Part 2, we can conclude that:
D. All of the above can be true.
Duration can be lower, equal to, or higher than the number of years to maturity depending on various factors such as coupon rate, yield, and the presence of coupon payments.
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contingency view is based on the following principle: what works in one organization will work in any other one. a. true b. false
The given statement is false because The contingency view refutes the principle that what works in one organization will work in any other.
The contingency view in management suggests that there is no universal or one-size-fits-all approach to organizational practices. It recognizes that organizations are unique and operate in different environments, and therefore, what works effectively in one organization may not necessarily work in another.
The contingency view emphasizes the importance of considering situational factors, such as the organization's structure, culture, industry, technology, and external environment, when making management decisions.
It argues that the effectiveness of managerial practices is contingent upon aligning them with these specific contextual factors.
Each organization has its own set of circumstances, challenges, and requirements that necessitate tailored approaches to management. What might be successful for one organization may prove ineffective or counterproductive for another, depending on the specific contingencies at play.
Therefore, the contingency view rejects the notion of universality and emphasizes the need for managers to analyze and understand the unique characteristics of their organization before implementing management practices.
In summary, the contingency view is based on the principle that organizational practices should be contingent upon specific situational factors, rejecting the notion that what works in one organization will work in any other.
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Critically analyze: - The statement of comprehensive income of the company - You can pick out to discuss any important aspect of your company e.g ROA, EPS, Market cap, dividend per share, price earnings ratio, NTA per share, Revenue etc and do an analysis pre and post covid. - The statement of Financial position of the company - You can pick out to discuss any important aspect of your company e.g Debt structure, equity structure, assets, current ratio etc and do an analysis pre and post covid - The statement of cash flows - Compare the operating cash flow pre and post covid
In the statement of financial position, we will analyze the debt and equity structure, specifically focusing on changes caused by the pandemic. Finally, we will compare the operating cash flow pre and post Covid to understand the impact on the company's cash generation.
In analyzing the statement of comprehensive income, we will examine the revenue component. We will compare the revenue generated pre and post Covid to assess the impact of the pandemic on the company's top line. This will provide insights into changes in customer demand, market conditions, and overall business performance.
Moving to the statement of financial position, we will focus on the debt and equity structure. We will analyze any significant changes in the company's debt levels, including short-term and long-term borrowings. Additionally, we will examine the equity structure, looking at changes in shareholders' equity and any impacts on capital structure due to the pandemic.
Lastly, in the statement of cash flows, we will compare the operating cash flow pre and post Covid. By evaluating the company's ability to generate cash from its core operations, we can assess its financial resilience and adaptability during challenging times. This analysis will provide insights into the company's cash management strategies and the impact of the pandemic on its cash flow generation.
Overall, this comprehensive analysis of the company's statement of comprehensive income, statement of financial position, and statement of cash flows will allow us to understand the effects of Covid on key financial metrics, providing valuable insights into the company's performance, financial position, and cash management capabilities.
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john wasn’t sure how to break the news without angering at least one-half of the company’s 421 employees.
John faced the challenge of delivering the news in a way that would avoid angering at least half of the company's 421 employees.
John encountered the difficult task of communicating the news in a manner that would minimize the potential anger or dissatisfaction among the company's 421 employees. The challenge stemmed from the fact that delivering unfavorable news often carries the risk of upsetting some individuals.
To approach this situation, John may consider employing several strategies:
1. Transparent and Timely Communication: John should ensure that the news is communicated promptly and openly. Transparent communication helps establish trust and demonstrates respect for the employees, which can mitigate potential resentment.
2. Empathy and Sensitivity: Understanding the potential impact of the news on employees' lives is crucial. John should approach the situation with empathy, acknowledging the emotions and concerns that employees may experience.
3. Clear Rationale: John should provide a clear and well-founded rationale behind the decision, helping employees understand the reasons behind the news. This can alleviate some frustrations by providing context and demonstrating that the decision was not arbitrary.
4. Employee Involvement: Where possible, John can involve employees in the decision-making process or seek their input on potential solutions. This participation can help mitigate resentment and create a sense of ownership and engagement among employees.
5. Open Dialogue and Support: John should encourage an open dialogue where employees can express their concerns, ask questions, and share their perspectives. Providing support channels, such as dedicated HR resources or counseling services, can also help employees navigate the emotional impact of the news.
6. Fairness and Consistency: Ensuring fairness in the decision-making process and applying consistent standards to all employees can help minimize perceptions of favoritism or unfair treatment, reducing the potential for anger or division.
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Complete Question:
How can John break the news without angering at least one-half of the company's 421 employees, considering the sensitive nature of the situation?
Please show calculations a)Prepare journal entries for each of the above transactions. b) Calculate Ending Retained Earnings c.)Prepare the Stockholders' Equity section of the Balance Sheet in good format.
a) To prepare journal entries for each of the transactions, we would need specific details regarding the transactions in question. Please provide the necessary information so that I can assist you further.
b) To calculate Ending Retained Earnings, you would need to consider the net income or net loss for the period, any dividends declared and paid, and the beginning retained earnings balance. The formula is:
Ending Retained Earnings = Beginning Retained Earnings + Net Income (or - Net Loss) - Dividends
c) To prepare the Stockholders' Equity section of the Balance Sheet in a good format, you would generally include the following items:
1. Common Stock: The par value or stated value of the common stock issued.
2. Additional Paid-in Capital: Any amount received in excess of the par value from issuing common stock.
3. Retained Earnings: The accumulated earnings or losses of the company, including net income or loss and dividends.
4. Treasury Stock: The cost of any company-owned shares of stock.
5. Accumulated Other Comprehensive Income: The cumulative effect of certain gains and losses that are not included in net income.
Please note that the specific details and formatting may vary depending on the accounting standards and regulations applicable to your situation.
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In preparation for their 2008 merger, Delta Airlines and Northwest Airlines undertook a comparative study of their on-time performance. The following table shows each airline's on-time record for a common two-month period for three cities where they both operated. Delta Airlines Flights Northwest Airlines Flights Total Late Total Late New York 1987 484 399 120 Chicago 718 118 1123 222 Memphis 193 24 536 70 Total 2898 626 2058 412 a. Northwest's operations executives claim to have superior overall on-time results. Does the data support this claim? b. Delta's executives respond by pointing to its superior performance at key cities. Does the data support this claim? c. Explain carefully how to reconcile your answers in parts (a) and (b). In your view, which is the better measure of performance-an aggregate measure or disaggregate measures?
The goal is to analyze and improve performance in a particular city, then disaggregate measures may be preferable as they provide insight into performance at a more granular level.
a. Northwest's operations executives claim to have superior overall on-time results.
Northwest's on-time rate:626/2058 = 0.3041 or 30.41 percent
Delta's on-time rate: 626/2898 = 0.2160 or 21.60 percent
Yes, the data support Northwest Airlines' claim of having superior overall on-time results.
The data shows that Northwest Airlines has an on-time record of 30.41%, whereas Delta Airlines has a lower on-time record of 21.60%.
b. Delta's executives respond by pointing to its superior performance at key cities. Key City Delta Flights Late Northwest Flights Late New York 1987 484 399 120 Chicago 718 118 1123 222 Memphis 193 24 536 70 Yes, the data support Delta Airlines' claim of having superior performance at key cities. The data in the table shows that Delta Airlines had a better on-time record in New York and Chicago, and Northwest Airlines had a better on-time record in Memphis. c. Explain carefully how to reconcile your answers in parts (a) and (b).
In your view, In this case, both measures provide valuable insight. If the goal is to have a general understanding of the airline's on-time performance as a whole, an aggregate measure is preferable because it provides an overall perspective on the airline's on-time performance.
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on january 1, 2019, desert corporation acquired machinery at a cost of $1,250,000. desert adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no salvage value. at the beginning of 2021, a decision was made to change to the straight-line method of depreciation for the machinery. the depreciation expense for 2021 would be
The depreciation expense for 2021 would be 126,562.50.
Based on the given information, Desert Corporation acquired machinery on January 1, 2019, for 1,250,000. They initially used the double-declining balance method of depreciation, with no salvage value, over an estimated useful life of ten years. However, at the beginning of 2021, Desert Corporation decided to switch to the straight-line method of depreciation for the machinery.
To calculate the depreciation expense for 2021 using the straight-line method, we need to determine the remaining book value of the machinery and divide it by the remaining useful life.
First, let's calculate the accumulated depreciation using the double-declining balance method. The double-declining balance method calculates depreciation by multiplying the straight-line rate by two. The straight-line rate is determined by dividing 100% by the useful life of the asset. In this case, the useful life is ten years, so the straight-line rate is 10%.
In the first year (2019), the depreciation expense would be (1,250,000 * 10%) = 125,000.
In the second year (2020), the depreciation expense would be ((1,250,000 - 125,000) * 10%) = 112,500.
To determine the remaining book value at the beginning of 2021, we subtract the accumulated depreciation from the initial cost of the machinery:
Book value at the beginning of 2021 = 1,250,000 - (125,000 + 112,500) = 1,012,500.
Since Desert Corporation decided to switch to the straight-line method at the beginning of 2021, we need to calculate the depreciation expense for the remaining useful life of the machinery, which is eight years (2021 to 2028).
Depreciation expense for 2021 = Remaining book value / Remaining useful life
Depreciation expense for 2021 = 1,012,500 / 8 years = 126,562.50.
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Scenario 1-2 You have recently been hired as the human resources manager for a small Canadian aviation company. The president of TS Inc. has asked you to review the staffing function to determine how ready the organization is to use technology in its recruitment and selection process. She is excited about the potential of utilizing staffing social networking technologies but wants to ensure you take the steps required to ensure success. D Question 37 Refer to Scenario 1-2. What is TS Inc.'s goal for recruitment? to find and screen job applicants to generate an applicant pool O to hire job candidates O to find and hire the best aviation employees D Question 38 Refer to Scenario 1-2. What is TS Inc's goal for selection? O to find the best possible aviation professionals to hire O to generate and build a large aviation applicant pool O to find and hire the best person for each aviation position O to choose aviation candidates from an applicant pool Question 39 1 Refer to Scenario 1-2. What would indicate that the recruitment and selection process has been successful at TS Inc.? the use of technology to facilitate and improve recruitment and selection the contimaed use of effective but unproven practices O the process is valid and reliable a significantly large number of applications for job positions Question 40 1 pts Refer to Scenario 1-2. What would be a critical initial question you would want to ask to assess TS Inc.'s recruitment and selection practices? What are the personnel needs of TS Inc.? How ready and committed is TS Inc. to moving beyond traditional practices to a more technical approach What are the external factors affecting the human resource and organizational strategies What are the human resource information system needs of TS Inc.? D Question 41 1 pts Refer to Scenario 1-2. What current legislative requirement challenge may have an impact on TS inc's recruitment and selection practices? O human rights, privacy, and security issues O rapid advances in information technology total compensation and reward strategy O changing work force demographics
Question 37: TS Inc.'s goal for recruitment is "to find and screen job applicants."D.
Question 38: TS Inc.'s goal for selection is "to choose aviation candidates from an applicant pool."C.
Question 39: What would indicate that the recruitment and selection process has been successful at TS Inc.? "the process is valid and reliable."B.
Question 40: A critical initial question that one would want to ask to assess TS Inc.'s recruitment and selection practices is "How ready and committed is TS Inc. to moving beyond traditional practices to a more technical approach?"A.
Question 41: The current legislative requirement challenge that may have an impact on TS inc's recruitment and selection practices is "human rights, privacy, and security issues."
Recruitment and selection are important functions that are performed by an organization to hire skilled and talented employees. The scenario describes that the president of TS Inc. wants to utilize staffing social networking technologies to ensure the success of recruitment and selection. This is important because recruitment is the first step in the hiring process. If the recruitment process is not well-planned and does not include the right resources and technology, the company might lose potential candidates.
Similarly, the selection process is also very important, as it allows an organization to select the best candidates for a particular job position.The answer to the given questions is as follows:D. Question 37: TS Inc.'s goal for recruitment is "to find and screen job applicants."D.
Question 38: TS Inc.'s goal for selection is "to choose aviation candidates from an applicant pool."C.
Question 39: What would indicate that the recruitment and selection process has been successful at TS Inc.? "the process is valid and reliable."B.
Question 40: A critical initial question that one would want to ask to assess TS Inc.'s recruitment and selection practices is "How ready and committed is TS Inc. to moving beyond traditional practices to a more technical approach?"A.
Question 41: The current legislative requirement challenge that may have an impact on TS inc's recruitment and selection practices is "human rights, privacy, and security issues."
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The following are several items involving the cash flow activities of the Mueller Company for 2016 : a. Net income, $68,000 b. Increase in accounts receivable, $4,400 c. Receipt from sale of common stock, $12,300 d. Depreciation expense, $11,300 e. Dividends paid, $24,500 f. Payment for purchase of building, $65,000 9. Bond discount amortization, $2,700 h. Receipt from sale of long-term investments at cost, $10,600 i. Payment for purchase of equipment, $8,000 j. Receipt from sale of preferred stock, $20,000 k. Increase in income taxes payable, $3,500 1. Payment for purchase of land, $9,700 m. Decrease in accounts payable, $2,900 ก. Increase in inventories, $10,300 o. Beginning cash balance, $18,000 Required: Prepare Mueller Company's statement of cash flows for 2016. Use a minus sign for any negative amounts. MUELLER COMPANY Statement of Cash Flows For Year Ended December 31, 2016 Operating Activities: Net income ✓ Adjustments for differences between income flows and cash flows from operating activities: Add: Depreciation expense ∼ Less: Bond discount amortization ←X Less: Depreciation expense ∗X Pavment of dividends x Lessi Bond discount amortization =x Receipt from sale of long-term invertments →x Net cash provided by operating activities Investing Activities: Beceipt from issuance of preferred stock =x Financing Activities: (9 7үомашон 1−9
The statement of cash flows is an important financial statement that is used by investors and creditors to determine a company's financial health.
MUELLER COMPANY Statement of Cash Flows For Year Ended December 31, 2016
Operating Activities:
Net income $68,000
Adjustments for differences between income flows and cash flows from operating activities:
Add: Depreciation expense $11,300
Less: Bond discount amortization $2,700
Less: Increase in accounts receivable $4,400
Less: Increase in inventories $10,300
Less: Increase in income taxes payable $3,500
Add: Decrease in accounts payable $2,900
Net cash provided by operating activities $61,300
Investing Activities:
Payment for purchase of building $65,000
Payment for purchase of equipment $8,000
Payment for purchase of land $9,700
Net cash used in investing activities $82,700
Financing Activities:
Receipt from sale of common stock $12,300
Receipt from sale of preferred stock $20,000
Payment of dividends $24,500
Net cash provided by financing activities $7,800
Net increase in cash $13,400
Beginning cash balance $18,000
Ending cash balance $31,400
Statement of cash flows is a financial statement that is used to show a company's inflows and outflows of cash. The statement of cash flows is divided into three main parts:
Operating activities: Operating activities are the activities that a company engages in to generate revenue.
Investing activities: Investing activities are the activities that a company engages in to buy or sell fixed assets or long-term investments.
Financing activities: Financing activities are the activities that a company engages in to raise or pay off debt, or to issue or buy back stock.
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You are opening a store, and having a working website is an important part of your project plan. The company that started creating your website went out of business before completing the job.
What components of your project plan will be affected?
Budget and time
Ethics and piracy
Ideas and creativity
Policies and procedures
Answer:
ethics and piracy if not let me know
global economy is dependent upon Foreign Direct Investment (FDI). Based on the World Investment Report Summary of *NEW ZEALAND* FDI activity (cite several years of trend data), use a relevant Chapter 2 trade theory to explain & analyze that nation's economic development future and the ensuing business-related consequences.
Book: Introduction to Global Business: Understanding the International Environment & Global Business Functions, 2nd Edition 2017 Authors: Gaspar, Arreola-Risa, Bierman, Hise, Kolari, and Smith ISBN-10: 1305501187|ISBN-13: 9781305501188
In summary, by analyzing trends in FDI activity in different sectors, we can use the Product Life Cycle Theory to understand New Zealand's economic development future and the resulting business-related consequences.
The question asks us to analyze New Zealand's economic development future and its business-related consequences based on trends in Foreign Direct Investment (FDI) activity. To do this, we need to use a relevant Chapter 2 trade theory from the book "Introduction to Global Business: Understanding the International Environment & Global Business Functions" by Gaspar et al.
Since the specific trade theory from Chapter 2 is not mentioned, we can provide a general approach. One relevant theory is the "Product Life Cycle Theory" which explains how a product's life cycle affects trade patterns and FDI. New Zealand has a diverse range of industries including agriculture, tourism, and technology. By analyzing the FDI trends in these sectors over several years, we can predict the future development of these industries and the associated business consequences.
For example, if FDI in the technology sector has been increasing significantly, it suggests that New Zealand's technology industry is growing rapidly and attracting foreign investment. This can lead to the development of new technologies, job creation, and increased competitiveness in the global market. On the other hand, if FDI in the agriculture sector has been declining, it may indicate challenges in that industry, such as competition from other countries or changing consumer preferences. This could lead to potential consequences such as reduced agricultural exports and a need for diversification.
In summary, by analyzing trends in FDI activity in different sectors, we can use the Product Life Cycle Theory to understand New Zealand's economic development future and the resulting business-related consequences.
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Grand River Corporation reported pretax book income of $690,000. Included in the computation were favorable temporary differences of $195,000, unfavorable temporary differences of $162,000, and favorable permanent differences of $194,000. The corporation's current income tax expense or benefit would be:
Based on the given information and the assumed tax rate, Grand River Corporation would have a current income tax expense of $158,100.
To calculate the current income tax expense or benefit for Grand River Corporation, we need to consider the temporary differences and permanent differences between book income and taxable income.
1. Calculate Taxable Income:
Taxable Income = Pretax Book Income + Unfavorable Temporary Differences - Favorable Temporary Differences + Permanent Differences
Taxable Income = $690,000 + (-$162,000) - $195,000 + $194,000
Taxable Income = $527,000
2. Determine the Tax Expense or Benefit:
To calculate the tax expense or benefit, we need to apply the applicable tax rate to the taxable income. The tax rate used will depend on the tax laws and regulations of the relevant jurisdiction.
Assuming a tax rate of 30% for illustration purposes, we can calculate the tax expense or benefit:
Tax Expense/Benefit = Taxable Income * Tax Rate
Tax Expense/Benefit = $527,000 * 0.30
Tax Expense/Benefit = $158,100
It's important to note that the actual tax rate and resulting tax expense or benefit may vary depending on the specific tax laws and regulations applicable to the corporation. Additionally, the calculations may be more complex in practice, considering various tax adjustments, credits, and provisions that could affect the final tax liability. Therefore, it's always advisable to consult with a tax professional or accountant for accurate and up-to-date tax calculations.
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Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $37.00, although the stock is currently selling for $39.09. Discuss theconsequences, if any, of each of the following situations. a. The stock price drops to $38.15 per share 2 months before cancellation of the limit order. b. The stock price drops to $37.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $37.69. When the limit order was canceled, the stock was selling for $46.12 per share.
a. If the stock price drops to $38.15 per share before cancellation of the limit order, the order will be executed, and you will purchase 100 shares of Sallisaw Tool at the lower price.
b. If the stock price drops to $37.00 per share, the limit order will be executed, and you will buy 100 shares at your desired price of $37.00 per share.
c. If the minimum stock price achieved before cancellation of the limit order was $37.69, and the stock was selling for $46.12 per share when the order was canceled, the order would not be executed since the stock price did not reach your desired limit of $37.00 per share.
A limit order is an instruction to buy or sell a stock at a specified price or better. In the given scenario, you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $37.00, which is lower than the current market price of $39.09.
In situation a, if the stock price drops to $38.15 per share before the cancellation of the limit order, the order will be executed since the price is still higher than your desired limit price of $37.00 per share. You will be able to purchase 100 shares at the lower price of $38.15 per share.
In situation b, if the stock price drops to exactly $37.00 per share, the limit order will be executed immediately, and you will acquire 100 shares of Sallisaw Tool at your desired price.
In situation c, even though the stock price drops to a minimum of $37.69, the limit order is not executed because it did not reach or fall below your specified limit price of $37.00 per share. Therefore, you would not have purchased any shares, and the order would be canceled.
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