The lease is an operating lease since the lease term is less than the estimated economic life of the automobile. The present value of the lease payments to determine the lease liability is $8,873.
The lease would be recorded on Kingbird's books at the date of commencement as follows:
Leased Automobile (asset) $10,297
Lease Liability (liability) $8,873
Cash (payment for first month's rent) $210
The nature of this lease to Kingbird is a capital lease because it meets at least one of the following criteria:
The lease transfers ownership of the property to the lessee by the end of the lease term.The lease contains a bargain purchase option.The lease term is equal to 75% or more of the estimated economic life of the property.The present value of the lease payments is equal to or greater than 90% of the fair value of the property.The present value of the lease payments to determine the lease liability is $8,873 (the present value of the rental payments) + $920 (the present value of the residual value guarantee) = $9,793.The journal entry to record the lease on Kingbird's books at the date of commencement is:
Leased Automobile $10,297
Lease Liability $9,793
Cash $504
The leased automobile is recorded at its fair value of $10,297, while the lease liability is recorded at the present value of the lease payments of $9,793. The cash paid to Simon is $210 (the monthly rental payment) x 1 (the first month of the lease term) = $210, so the cash account is credited for $504 ($210 x 2, to reflect the first and second month's rental payments).
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A customer needs to attach a
A. credit report
to a customer authorization form
When filing, small slips of paper should be Not yet answered Select one: Marked out of 1.00 a.attached to a full-size sheet b.clipped to the letter to be filed c.stapled to the letter to be filedPrevious page 5 50 9 VitalSource Bookshelf: Adminis... S OSK4 Final acer
When filing, small slips of paper should be attached to a full-size sheet.
When filing, small slips of paper should be attached to a full-size sheet. This is typically done using a paper clip or binder clip to hold the small slips securely onto the full-size sheet. This method ensures that the slips don't get lost and that they stay with the corresponding document they are referencing. Clipping or stapling the slips directly onto the letter to be filed can damage the document or cause it to become untidy.
A common example of small slips of paper are post-it notes or paper clips containing handwritten notes or symbols, used as markers to indicate where specific information is located.
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identify the type of employers covered by title vii of the civil rights act of 1964. a. employers with 15 employees or more and engaged in an industry affecting interstate commerce. b. all employers engaged in industries affecting interstate commerce. c. employers with 3 employees or more and engaged in an industry affecting intrastate commerce. d. employers with 30 employees or more and engaged in an industry affecting intrastate commerce.
A nonprofit has no owners, so lots of things can go wrong. The persons/group watching the organization's actions and behavior is:
a. The board of directors
b. Public "watchdog" groups; groups dedicated to watching the behavior of nonprofits
c. The Internal Revenue Service
d. The donors
e. All of the above
Person who watches over a nonprofit's actions and behavior is "e. All of the above". The body of the answer explains that since a nonprofit has no owners, there are various groups and individuals who act as watchdogs to ensure that the organization is fulfilling its mission and operating ethically.
The board of directors is responsible for overseeing the organization and ensuring that it is meeting its goals. Public "watchdog" groups, dedicated to watching the behavior of nonprofits, also play a role in keeping the organization accountable.
The Internal Revenue Service monitors the organization's compliance with tax regulations, and donors may also scrutinize the organization's behavior before deciding to make a donation. In conclusion, there are multiple groups and individuals who monitor a nonprofit's actions and behavior, ensuring that it operates transparently and effectively.
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Sally is a partner of a small clothing company. This week she has been hosting a group of potential investors. Several of the potential investors have asked about the company’s newest technology and ability to sell clothing online. If these potential investors decide to invest in her company it could mean enormous growth, however she is being asked to divulge some specific information about the company that she and her partner decided would not be discussed. She is now faced with a (n) ________ issue
Sally is facing an ethical issue, specifically a dilemma of confidentiality.
She has to decide whether to disclose sensitive information about her company to potential investors in order to secure their investment, or to honor her obligation to keep that information confidential. As a partner of a small clothing company, she and her partner had already decided not to discuss certain information with potential investors. If she discloses this information, it could have long-term consequences for her company and its employees.
If she doesn't disclose it, she may lose out on the opportunity to secure investment that could take her company to the next level. Sally will need to consider the potential impact of both options, and weigh the benefits and risks before making a decision that aligns with her values and the best interests of her company.
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The following data is available for the production department of PatMat Company LTD for the latest period.
Budgeted production overhead GHȻ165,000
Actual production overhead GHȻ165,000
Budgeted machine hours 60,000
Actual machine hours 55,000
Required to calculate the under or over absorption of overheads.
The under or over absorption of overheads of the PatMat Company LTD for the latest period is 13750.
OAR is = (budgeted overhead)/ (budgeted level of activity)
OAR = 165OOO/60000=2.75
Overhead absorbed = 55000 * 2.75 = 151250
Actual overhead = 165000
Under-absorbed overhead = 13750
We refer to under- or over-recovery of overhead costs when the actual amount of overhead costs is found to be different from the expected amount. Any overhead expenses that were not fully covered were charged as incurred instead. This is known as an underabsorption overhead situation.
Overabsorbing overhead occurs when more cost is applied to cost items than was actually incurred because actual overhead costs were lower than anticipated. This results/outcomes in a decrease in the current period's expense recognition, which raises earnings.
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retailing is one area where technology is unlikely to make a big difference in how services are provided. true or false
The statement "retailing is one area where technology is unlikely to make a big difference in how services are provided." is false.
Retailing is an area where technology has made and will continue to make a significant difference in how services are provided. Through innovations like e-commerce, mobile payment solutions, and inventory management systems, technology has greatly impacted the retail landscape.
Additionally, advancements in artificial intelligence and machine learning have allowed for personalized marketing and improved customer experiences. Moreover, the adoption of virtual and augmented reality has the potential to revolutionize the shopping experience by allowing customers to visualize products before purchasing.
In summary, technology has played a critical role in the evolution of the retail industry and will continue to do so in the future.
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A study of the per capita consumption of gasoline: in 10 countries demonstrates that:
A) the consumption of gasoline does not appear to be related to the price of gasoline.
B) higher gasoline prices do result in lower consumption of gasoline.
C) higher gasoline prices actually increase the consumption of gasoline.
D) higher gasoline prices reduce consumption in some of those countries, but not in others.
B) higher gasoline prices do result in lower consumption of gasoline.This suggests that consumers are sensitive to the price of gasoline and may reduce their consumption when the price is higher
This is demonstrated by the study of per capita gasoline consumption in 10 countries. This suggests that as gasoline prices increase, people tend to consume less gasoline, likely due to the increased cost.Based on the information provided, the study indicates that higher gasoline prices result in lower consumption of gasoline. This suggests that consumers are sensitive to the price of gasoline and may reduce their consumption when the price is higher. Option A) is contradicted by this information, as it suggests that there is no relationship between gasoline prices and consumption. Option C) is also contradicted by the information, as it suggests that higher prices actually increase consumption, which is not supported by the study. Option D) may or may not be true, but it is not supported by the information provided in the question.
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According to the given information, the study of the per capita consumption of gasoline in 10 countries suggests that there is a relationship between gasoline prices and consumption. Specifically, option B states that higher gasoline prices result in lower consumption of gasoline, which appears to be the most likely scenario based on economic theory.
When the price of a good, such as gasoline, increases, consumers tend to look for substitutes or cut back on consumption. In this case, higher gasoline prices would incentivize people to drive less, use public transportation more, or purchase more fuel-efficient vehicles. Therefore, it is reasonable to assume that countries with higher gasoline prices would have lower per capita consumption than those with lower prices. Option A suggests that the consumption of gasoline is not related to its price, which contradicts economic theory and empirical evidence. Option C suggests that higher gasoline prices actually increase consumption, which is unlikely given the inverse relationship between price and quantity demanded. Option D suggests that the relationship between price and consumption varies across countries, which may be possible, but without further information, it is difficult to determine why some countries are more affected by price changes than others. Overall, the most plausible conclusion from the given information is that higher gasoline prices result in lower consumption of gasoline, which has important implications for energy policy and environmental sustainability.
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Q1: Randall receives a $4,200 monthly payment from a registered annuity. He calculates that 65.2% of the payment is a return of capital and the rest is interest. What portion of the payments would be taxable?
Q2: Tony earned $80,000 last year, and there was a $4,800 pension adjustment. He will earn $84,000 this year. How much can he contribute to his RRSP this year, and what is his taxable income this year ?
The taxable portion of Randall's monthly payment would be the portion that is considered interest.
To calculate this, we can take the total payment ($4,200) and multiply it by the percentage that is interest (100% - 65.2% = 34.8%).
$4,200 x 0.348 = $1,461.6
So $1,461.60 of Randall's monthly payment would be considered taxable income.
To calculate how much Tony can contribute to his RRSP this year, we need to first determine his contribution limit. The contribution limit is based on 18% of his previous year's earned income, minus any pension adjustment from the previous year.
18% of $80,000 = $14,400
$14,400 - $4,800 = $9,600
So Tony's contribution limit for this year is $9,600.
To calculate his taxable income for this year, we need to add his current year's income to any taxable benefits he may have received, and then subtract any deductions he may have.
$84,000 (current year's income) - $9,600 (RRSP contribution) = $74,400 (taxable income for this year)
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You purchased 100 shares of stock for a share price of $17.79. You sold the stock two years later for a share price of $19.22. You also received total dividend payments of $1.22 per share. What was your dividend yield?
The dividend yield is calculated as a percentage of annual dividend payments divided by the initial investment. Here's how to figure it out:
Determine the total number of dividends received:
Dividend per share multiplied by the number of shares = $1.22 multiplied by 100 = $122
Determine the total return on the stock:
(final share price - beginning share price) x total dividends = ($19.22 - $17.79) x 100 + $122 = $1453
The initial investment is calculated as follows:
initial share price x number of shares = $17.79 x 100 = $1779
The dividend yield is calculated as follows:
(total dividends / original investment) x 100% = ($122 / $1779) x 100% = 6.86%
As a result, the dividend yield was 6.86%.
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A severable contract, also known as a(n) _______ contract, contains multiple parts that can each be performed separately.
2. Why do bond prices go down when interest rates go up? Don’t bond investors like to receive high interest rates?
3. What are the differences between bottom-up and top-down approaches to security valuation? What are the advantages of a top-down approach?
Bond prices and interest rates have an inverse relationship. The bottom-up approach to security valuation involves analyzing individual companies and their financial statements while top-down approach, on the other hand, starts with an analysis of the broader market or economy and then narrows down to individual companies.
When interest rates rise, new bonds will be issued with higher yields. As a result, investors will sell their existing lower yielding bonds to buy the newer bonds, causing the demand for the older bonds to decrease. This decrease in demand causes bond prices to drop. Bond investors typically prefer high interest rates, but they also want to protect their investments from losing value due to inflation, which is more likely to occur when interest rates are high.
The bottom-up approach to security valuation involves analyzing individual companies and their financial statements to determine their intrinsic value. This approach focuses on the specific qualities of the company itself, such as its revenue growth, margins, and management quality. The top-down approach, on the other hand, starts with an analysis of the broader market or economy and then narrows down to individual companies. This approach considers factors such as interest rates, economic growth, and industry trends to identify sectors or industries that are likely to perform well, and then evaluates individual companies within those sectors.
The advantages of a top-down approach include the ability to identify broad market trends and economic factors that may affect a company's performance, as well as the ability to quickly narrow down a large universe of companies to a smaller subset that are likely to be good investments. However, a top-down approach may overlook important company-specific factors that could affect its valuation, such as management quality or competitive advantages. The bottom-up approach, while more time-consuming, allows for a more thorough analysis of individual companies and their intrinsic value, which can be particularly valuable in identifying undervalued or overlooked companies.
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Social responsibility should extend beyond the shareholders to include:
A. employees
B. suppliers
C. consumers
D. community
E. all of the above
Social responsibility should indeed extend beyond the shareholders to include employees, suppliers, consumers, and the community. This is because businesses have a larger role to play in society beyond just generating profits for their shareholders.
Employees are a crucial part of any business, and companies have a responsibility to ensure their well-being by providing fair wages, safe working conditions, and opportunities for growth and development. This not only benefits the employees but also creates a more engaged and productive workforce, which ultimately benefits the company.
Suppliers also need to be treated fairly and ethically by companies. This means ensuring that they are paid fairly and on time, and that they operate under safe and ethical conditions. By doing so, companies can help to improve the conditions of their entire supply chain.
Consumers are a key stakeholder group as well. Companies need to be transparent and honest about their products and services, and ensure that they are safe and of high quality. They also have a responsibility to minimize any negative impacts of their products or services on the environment.
Finally, companies have a responsibility to give back to the communities in which they operate. This can be through supporting local initiatives, providing jobs and training, and minimizing any negative impacts on the environment or local communities.
In short, social responsibility should extend beyond the shareholders to include all stakeholders, as this ultimately creates a more sustainable and prosperous business in the long run.
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67. A firm has a Debt-to-Asset ratio of 35% and Total Assets of $350,000. What is the firm's Total Debt?
A. $122,500
B. $650,000
C. $100,000
D. $60,000
The answer is A. $122,500. Option A. To calculate the firm's total debt, we need to use the Debt-to-Asset ratio formula. This formula represents the percentage of a firm's assets that are financed by debt.
Debt-to-Asset Ratio = Total Debt / Total Assets
Given the Debt-to-Asset ratio of 35%, we can set up the equation as follows:
0.35 = Total Debt / $350,000
To solve for Total Debt, we can multiply both sides by $350,000:
Total Debt = 0.35 x $350,000
Total Debt = $122,500
Therefore, the answer is A. $122,500.
This means that the firm's debt represents 35% of its total assets, which is a moderate level of debt. It's important for companies to monitor their debt levels to ensure they can meet their financial obligations and maintain healthy financial ratios.
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which of the following is the set of all cost components that make up the fixed-order quantity total annual cost (tac) function?
The set of all cost components that make up the fixed-order quantity TAC function includes ordering cost, holding cost, and unit cost.
The fixed-order quantity total annual cost (TAC) function includes the following cost components:
1. Ordering cost: The cost associated with placing an order for a fixed quantity of goods or materials.
2. Holding cost: The cost of holding or carrying inventory over a specific period, including costs such as storage, insurance, and depreciation.
3. Unit cost: The cost per unit of the goods or materials being ordered.
Therefore, the set of all cost components that make up the fixed-order quantity TAC function includes ordering cost, holding cost, and unit cost.
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suppose rian operates a handicraft pop-up retail shop that sells rompers. assume a perfectly competitive market structure for rompers with a market price equal to $25 per romper.
Rian should also focus on maintaining the quality of rompers, as any negative customer feedback could affect shop's reputation and sales. Additionally, it is crucial to stay updated on market trends and any changes in consumer preferences to adapt the product offerings accordingly.
Since the rompers are sold at a fixed price of $25 each, Rian's main focus should be on managing production costs to maximize profits. In the short run, Rian can adjust variable costs such as labor and raw materials. In the long run, he can invest in more efficient equipment or negotiate better deals with suppliers to lower the costs further.
Rian's pop-up shop needs to ensure that the production cost per romper is lower than the market price of $25 to make a profit. If the average total cost per romper is equal to the market price, Rian will break even, covering all expenses but not making any profit. If the cost is higher than the market price, the shop will incur a loss and may eventually be forced to exit the market.
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Individuals who have mastered the skills specific to human resource management have the competencies they need for success in this field. O True O False
Human resource management is a crucial component of any organization's success, as it involves managing the most valuable resource of the organization: its employees.
Therefore, individuals who have mastered the skills specific to human resource management have the competencies they need for success in this field.
Firstly, individuals with expertise in human resource management have a comprehensive understanding of employment laws and regulations, compensation and benefits, and employee relations.
They are well-versed in designing and implementing recruitment and selection processes to attract and retain top talent, thereby ensuring the organization's sustained growth.
Secondly, individuals with human resource management competencies are skilled in creating a positive work environment, promoting diversity, and fostering employee development.
They are adept at designing employee training and development programs that align with the organization's goals and help employees improve their skills and competencies.
Thirdly, individuals with expertise in human resource management are adept at conflict resolution, problem-solving, and decision-making, which are essential skills in managing employee relations.
They can identify potential issues that may impact the organization's performance and take steps to mitigate them.
In conclusion, individuals who have mastered the skills specific to human resource management possess the competencies they need for success in this field.
They can manage the organization's most valuable resource, its employees, and create a positive work environment that fosters employee development, diversity, and sustained growth.
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Which person is more likely to be a susceptible follower? someone who feels powerful someone who resists authority figures someone who wants to feel chosen or special someone who is driven by honesty and truthfulness
A person more likely to be a susceptible follower is someone who wants to feel chosen or special. This individual may seek approval and validation from others, making them more susceptible to influence by authority figures or charismatic leaders.
Charismatic leaders are individuals who possess a magnetic personality and a compelling vision that inspires followers to achieve common goals. They are often described as charismatic, charming, and persuasive, and are known for their ability to communicate effectively and inspire others to action. Charismatic leaders often have a strong sense of purpose, and are able to articulate their vision in a way that resonates with their followers. They are also skilled at building relationships and creating a sense of community among their followers. Examples of charismatic leaders include Martin Luther King Jr., Mahatma Gandhi, and Nelson Mandela, who were able to mobilize large numbers of people to achieve significant social and political change.
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mackenzie company sold $740 of merchandise to a customer who used a regional bank credit card. regional bank charges a 2.5% fee for sales on its credit cards. the journal entry to record this sales transaction would be: multiple choice debit cash of $740 and credit sales $740. debit cash of $740 and credit accounts receivable $740. debit accounts receivable $740 and credit sales $740. debit cash $721.50; debit credit card expense $18.50 and credit sales $740. debit cash $721.50 and credit sales $721.50.
The journal entry to record this sales transaction would be Debit cash $721.50; debit credit card expense $18.50 and credit sales $740.
The sale of $740 needs to be recorded as a debit to either cash or accounts receivable (depending on whether the customer paid immediately or will pay later) and a credit to sales.
However, since the customer used a regional bank credit card, the company will be charged a 2.5% fee by the bank. This fee is an expense for the company and needs to be recorded separately.
Therefore, the journal entry would be:
Debit: Cash $721.50 (the amount of the sale minus the 2.5% fee)
Debit: Credit card expense $18.50 (the amount of the fee)
Credit: Sales $740 (the amount of the sale)
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3. (4 pts) hokie manufacturing is planning to buy a new printing machine. they are considering two different machines manufactured by two different companies. the appropriate discount rate is 20%. variables to consider for each project are as follows machine a - $50,000 cost; functional life of 9 years; expected cash flow of $20,000 per year machine b - $75,000 cost; functional life of 7 years; expected cash flow of $30,000 per year; plus, a salvage value of $10,000 for the machine in 7 years. calculate npv and irr for each machine. clue for the machine b calculation. salvage value should be considered as a future payment that needs to be discounted back. in your opinion, which machine should hokie manufacturing select? salvage value is based on an assumption that machine b will have a value of $10,000 seven years from now. what variables could impact that assumption?
To compare the two printing machines, calculate NPV and IRR. Machine A has a cost of $50,000 and a cash flow of $20,000 per year for 9 years. Machine B has a cost of $75,000, a cash flow of $30,000 per year for 7 years, and a salvage value of $10,000.
NPV and IRRTo calculate the net present value (NPV) and internal rate of return (IRR) for each machine, we need to discount the expected cash flows back to the present value using the appropriate discount rate of 20%.
Let's calculate the NPV and IRR for each machine:
Machine A:
Cost = $50,000Functional life = 9 yearsExpected cash flow = $20,000 per yearTo calculate the NPV, we discount each year's cash flow and subtract the initial cost:
[tex]NPV(A) = -Cost + \sigma(Cash Flow / (1 + Discount Rate)^{Year})[/tex]
[tex]NPV(A) = -$50,000 + ($20,000 / (1 + 0.2)^1) + ($20,000 / (1 + 0.2)^2) + ... + ($20,000 / (1 + 0.2)^9)[/tex]
Calculating this sum will give us the NPV(A).
To calculate the IRR, we find the discount rate that makes the NPV equal to zero. In this case, we can use the IRR function in Excel or any financial calculator to calculate the IRR(A).
Machine B:
Cost = $75,000Functional life = 7 yearsExpected cash flow = $30,000 per yearSalvage value in 7 years = $10,000To calculate the NPV, we discount each year's cash flow and the salvage value, and subtract the initial cost:
[tex]NPV(B) = -Cost + \sigma(Cash Flow / (1 + Discount Rate)^{Year}) + (Salvage Value / (1 + Discount Rate)^7)[/tex]
[tex]NPV(B) = -$75,000 + ($30,000 / (1 + 0.2)^1) + ($30,000 / (1 + 0.2)^2) + ... + ($30,000 / (1 + 0.2)^7) + ($10,000 / (1 + 0.2)^7)[/tex]
Calculating this sum will give us the NPV(B).
To calculate the IRR, we find the discount rate that makes the NPV equal to zero, including the salvage value. Again, we can use the IRR function in Excel or any financial calculator to calculate the IRR(B).
Regarding the selection of the machine, Hokie Manufacturing should choose the machine with the higher NPV. If both machines have positive NPVs, then the machine with the higher NPV would be the better choice.
Now, as for the variables that could impact the assumption of the salvage value for Machine B, the following factors could influence it:
Technological advancements: If there are rapid technological advancements in the printing industry, the value of the machine in 7 years may decrease significantly.
Market demand: Changes in market demand for printing services could affect the future value of the machine. If the demand declines, the salvage value may be lower.
Maintenance and condition: The condition and maintenance of the machine over its functional life can impact its value in the future. If the machine is well-maintained, its salvage value might be higher.
Resale market: The availability and pricing of used printing machines in the resale market can also influence the salvage value. If there is a surplus of similar machines, the salvage value might be lower.
These factors should be considered when making assumptions about the salvage value of the machine in order to assess the potential risks and uncertainties associated with the investment decision.
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Acme, Inc., a calendar-year taxpayer, made two distributions during 2021. The first distribution occurred on March 1st in the amount of $2,000,000 and the second occurred on October 1st in the amount of $1,000,000. At year-end, Acme’s current E&P was determined to be $600,000 and their accumulated E&P was $2,000,000. How much of each distribution is a dividend/non-dividend? What is the accumulated E&P balance at the beginning of 2022?
Show all works and explanations to earn full credits.
The non-dividend distribution of $2,000,000 reduces the accumulated E&P balance to $0. The dividend distribution of $1,000,000 does not affect the accumulated E&P balance, so the beginning accumulated E&P balance for 2022 is $0.
To determine the dividend and non-dividend portions of each distribution, we need to compare the amount of the distribution to Acme's current and accumulated E&P balances.
For the first distribution on March 1st:
Amount of distribution: $2,000,000
Current E&P: $600,000
Accumulated E&P: $2,000,000
Since the distribution is greater than Acme's current E&P balance, the entire $2,000,000 distribution is a non-dividend distribution, meaning it reduces the accumulated E&P balance.
For the second distribution on October 1st:
Amount of distribution: $1,000,000
Current E&P: $600,000 (after the first distribution)
Accumulated E&P: $2,000,000 (after the first distribution)
Since the distribution is less than Acme's current E&P balance of $600,000, the entire $1,000,000 distribution is a dividend distribution.
To determine the accumulated E&P balance at the beginning of 2022, we need to take into account the dividend and non-dividend distributions made in 2021.
Non-dividend distribution on March 1st: $2,000,000
Dividend distribution on October 1st: $1,000,000
Beginning accumulated E&P balance: $2,000,000
The non-dividend distribution of $2,000,000 reduces the accumulated E&P balance to $0. The dividend distribution of $1,000,000 does not affect the accumulated E&P balance, so the beginning accumulated E&P balance for 2022 is $0.
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Franchisees can begin to feel burdened if the _____ creates too many managerial orders, directives or limitations.
Franchisees can begin to feel burdened if the franchisor creates too many managerial orders, directives, or limitations. Franchising is a business model where individuals, known as franchisees, obtain the rights to use a company's trademark, products, and services.
The franchisor, or the parent company, provides ongoing support, training, and resources to help franchisees maintain brand consistency and achieve success.
However, when a franchisor imposes excessive managerial orders and limitations, it can negatively impact franchisees' ability to effectively run their businesses. Excessive directives may include strict operational guidelines, mandatory marketing campaigns, or restrictions on suppliers. While some level of control is necessary to maintain brand standards, too much oversight can lead to franchisee dissatisfaction and reduced motivation.
Franchisees may feel that their entrepreneurial spirit and autonomy are stifled by the franchisor's excessive involvement. This can result in lower morale, decreased productivity, and ultimately, a decline in business performance. It is essential for franchisors to strike a balance between maintaining brand integrity and allowing franchisees the flexibility to make decisions and adapt to local market conditions.
To maintain a healthy franchisor-franchisee relationship, open communication and ongoing collaboration are critical. Franchisors should work closely with franchisees, providing support and guidance, while respecting their expertise and decision-making abilities. By finding the right balance, both parties can benefit from the franchising model and enjoy long-term success.
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Intro You have $17,000 and observe the following exchange rates: Bid Ask Exchange rate Value of euro in U.S. dollars Value of Swiss franc in U.S. dollars $1.12 $1.13 $1 $1.01 Value of euro in Swiss francs CHF1.07 CHF1.08 Attempt 1/5 for 10 pts. Part 1 Is there an arbitrage opportunity? If so, what should you do to exploit it? A. Yes: buy Swiss francs with euros B. No C. Yes: buy euros with Swiss francs
Yes, there is an arbitrage opportunity. To exploit it, you should buy euros with Swiss francs. The correct option is C.
1. You have $17,000. 2. Observe the exchange rates: - Value of euro in U.S. dollars: $1.12 (bid) / $1.13 (ask),- Value of Swiss franc in U.S. dollars: $1 (bid) / $1.01 (ask),
- Value of euro in Swiss francs: CHF1.07 (bid)/CHF1.08 (ask). 3. First, buy Swiss francs with your U.S. dollars: $17,000 / $1.01 = CHF16,831.68
4. Next, buy euros with the Swiss francs: CHF16,831.68 / CHF1.08 = €15,578.59. 5. Finally, convert the euros back to U.S. dollars: €15,578.59 * $1.12 = $17,447.22
By exploiting this arbitrage opportunity, you would end up with $17,447.22, a profit of $447.22.The correct option is C.
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employers must pay employee taxes in addition to those paid by the employees. which of the following is paid only by the employer?
Employers are responsible for paying certain taxes in addition to those paid by the employees. One tax that is paid only by the employer is the Federal Unemployment Tax Act (FUTA) tax. FUTA is a tax that funds unemployment compensation programs for workers who have lost their jobs
Employers pay this tax on the first $7,000 of each employee's wages each year. FUTA tax is not deducted from employee paychecks, and employers cannot withhold this tax from employee wages.
Other taxes paid by employers include Social Security and Medicare taxes, which are shared with employees through payroll deductions, and state unemployment insurance taxes, which vary by state.
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Question 25 (1 point) According to your book, which of the following is NOT part of a good organizational crisis management plan? a) Educate people about how to handle a crisis. Ob) Let people know whom to contact at the first sign of crisis. O c) Develop good relationships with media professionals. d) Designate about half a dozen people to speak on behalf of the organization. Question 26 (1 point) Which of the following is NOT a goal for the redesign of health care? a) Controlling health care costs b) Enhancing patients' health care experiences c) Improving overall community health d Sustaining one size fits all models to ensure efficiency
The following is NOT part of a good organizational crisis management plan: Designate about half a dozen people to speak on behalf of the organization. The correct option is D.
While it may seem like having a designated group of people to speak on behalf of the organization during a crisis would be helpful, it can actually lead to confusion and inconsistencies in messaging.
Instead, a good crisis management plan should have a clear and centralized communication strategy with designated spokespersons who are trained and authorized to speak on behalf of the organization.
Moving on to your second question, the redesign of healthcare has several goals, but: sustaining a one size fits all model to ensure efficiency is not one of them. In fact, the current trend in healthcare is to move away from a one size fits all approach and towards personalized, patient-centered care.
The goals for the redesign of healthcare include controlling healthcare costs, enhancing patients' healthcare experiences, and improving overall community health.
Achieving these goals will require a shift towards a more proactive and preventative approach to healthcare, as well as increased collaboration and communication among healthcare providers, patients, and communities.
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Complete question:
According to your book, which of the following is NOT part of a good organizational crisis management plan?
a) Educate people about how to handle a crisis.
b) Let people know whom to contact at the first sign of crisis.
c) Develop good relationships with media professionals.
d) Designate about half a dozen people to speak on behalf of the organization.
Which of the following is NOT a goal for the redesign of health care?
a) Controlling health care costs
b) Enhancing patients' health care experiences
c) Improving overall community health
d) Sustaining one size fits all models to ensure efficiency
156. Organizationally sponsored career planning can further employee growth, tap employee potential, and satisfy employee needs. True False
Organizationally sponsored career planning refers to the process in which an organization helps its employees identify their career goals and provides them with resources to achieve those goals.
This process involves identifying an employee's strengths and weaknesses, their interests and career aspirations, and developing a plan that will enable them to achieve their desired career outcomes. Career planning is important for both employees and organizations. For employees, it helps them understand their career path and work towards their professional goals. For organizations, it ensures that they have a workforce that is engaged and motivated, leading to higher job satisfaction, retention rates, and productivity. By providing employees with opportunities for growth and development, organizations can tap into their potential and create a workplace culture that supports employee well-being and success.
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hq llp leases an airplane from ge aviation. at the end of the lease agreement, the aircraft will have 30% economic life remaining, and 25% residual value. also, hq llp has the option to buy it at 50% lower than the market price. can hq llp enjoy the potential tax benefit of the lease agreement?
Yes, HQ LLP can potentially enjoy the tax benefits of the lease agreement.
Understanding Leasing an airplaneLeasing an airplane allows for tax deductions on the lease payments as well as the depreciation of the aircraft.
Additionally, the option to buy the airplane at a lower price may provide additional tax benefits, such as deductions for the purchase price and depreciation.
However, it is important to consult with a tax professional to ensure proper accounting and tax treatment of the lease agreement and potential purchase.
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Question 3 (3 Marks) Discuss how the application of standard costing technique enhances the productivity and profitability of a company with the help of a suitable example.
Standard costing is a technique that helps a company to set the standard cost of each product or service that it produces.
This technique involves determining the estimated costs of the materials, labor, and overhead involved in producing a product, and then using this information to set the selling price and control the production process.
One of the main benefits of standard costing is that it helps to improve the productivity and profitability of a company. By setting standard costs for each product or service, the company can ensure that it is producing each product at the most efficient level. This means that the company can avoid overproduction, which can lead to excess inventory and wasted resources.
In addition, standard costing helps to ensure that the company is producing each product at the lowest possible cost. By setting the standard costs for each product, the company can monitor the actual costs of producing each product and compare them to the standard costs. If the actual costs exceed the standard costs, the company can take steps to reduce costs and improve efficiency.
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Graded Discussion #3- Problem Scenario (INDIVIDUAL) This assignment is centred on the topics "C-V-P Analysis". This is an individual assessment, and you are required to apply the concepts learnt is solving the problem given. The assessment seeks to examine the following selected course objectives: Course Objectives: 1) Apply the concepts of cost classification to determine whether a cost is fixed, variable or mixed. 2) Explain the differences between the high-low method and scattergram method used in separating mixed costs into their fixed and variable components. 3) Compute variable production cost per unit, total production cost per unit, total fixed production cost and total fixed costs. 4) Determine the normal capacity of an entity, given unit selling price, the components of total variable cost per unit, total fixed costs and operating income. 5) Use selling price per unit, total fixed cost, and total variable cost per unit to compute the breakeven point and margin of safety ratio. 6) Prepare a contribution margin income statement, clearly showing contribution 7) Calculate the sales quantity necessary to achieve a specific target operating income 8) With the aid of supporting computations, analyze and explain the impact which changes in sales volume, variable costs per unit and total fixed costs will have on the break-even point and the contribution margin ratio. This submission will account for 10% of your overall mark. You are required show ALL supporting workings where necessary and state any assumption(s) made. Graded Discussion #3 _C-V-P Analysis Greek Manufacturing Company produces and sells a line of product that are sold usually all year round. The company has a maximum production capacity of 100,000 units per year. Operating at normal capacity, the business earned Operating Income of $600,000 in 2020. The following cost data has been prepared for the year ended December 31, 2020. Selling price per unit……………………………………… $50.00 Production Costs: Direct Materials …………………………………. $10.00 Direct Labour ……………………………………. $8.00 Variable Manufacturing Overhead ……………. $7.00 Fixed Manufacturing Overhead…………....................... $450,000 Fixed Selling & Administrative Expenses……………… $300,000 Variable selling expense per unit ………………………. $10.00 Required: a) Using the equation method, calculate the normal capacity of the business. (2½ marks) b) Calculate: i) the variable production cost per unit ii) the total production cost per unit iii) The total variable cost per unit iv) Total Fixed Costs (2½ marks) c) Calculate Greek’s break-even point in units and in sales dollars. (2 marks) d) Assuming sales equal to the normal capacity calculated in a) above, prepare a contribution margin income statement for the year ended December 31, 2020, detailing the components of total variable costs and total fixed costs, and clearly showing contribution and net income. (4 marks) e) The recession in the economy in 2021 is expected to result in a reduction of the number of units sold. Assuming that Greek is operating at normal capacity, by how much can sales decline in units and sales dollars in 2021 without the company making a loss? (1½ marks) f) The President of Greek Manufacturing is under pressure from shareholders to increase operating income by 30% in 2021. Management expects per unit data and total fixed costs to remain the same in 2021. Using the equation method, compute the number of units that would have to be sold in 2021 to reach the shareholders desired profit level. Is this a realistic goal? (3 marks) g) Greek’s management team is concerned about the selling expenses associated with the product and wants to reduce the variable selling expense per unit by 30%, which will see a simultaneous reduction in the total fixed selling expenses by $30,000. If they are able to accomplish this feat, it is expected that sales volume for the year will fall by 16⅔% below normal capacity. What must the new selling price per unit be if the company wishes to meet the shareholders’ profit objective for 2021? How will these changes impact the percentage margin of safety? (7½ marks) h) What are the advantages and disadvantages of the scattergram method as compared to the high-low method?
The advantages and disadvantages of the scattergram method compared to the high-low method are as follows:
Advantages of the scattergram method:
1) It provides a visual representation of the data, which makes it easier to identify trends and outliers.
2) The scattergram method takes into account all data points, while the high-low method only considers the highest and lowest data points.
3) Scattergrams can reveal non-linear relationships between variables that may not be evident using the high-low method.
Disadvantages of the scattergram method:
1) Scattergrams can be difficult to interpret if there is a lot of variation in the data or if there is no clear trend.
2) Determining the best-fitting line through the data points in a scattergram can be subjective and may lead to different interpretations.
3) The scattergram method is less suitable for large datasets, as it may become difficult to visually analyze the relationships between variables.
Overall, the scattergram method can be more useful when trying to identify trends and relationships in data, but it may be more difficult to interpret than the high-low method, especially for larger datasets or when there is a lot of variation in the data.
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a consumer's weekly income is $250, and the consumer buys 12 bars of chocolate per week. when weekly income increases to $280, the consumer buys 13 bars per week. the income elasticity of demand for chocolate by this consumer is about
a. 12
b. 142
c. 0.5
d. 0.71
The income elasticity of demand for chocolate by this consumer is approximately 0.71. This suggests that chocolate is a normal good for this consumer, as their demand for chocolate increases with an increase in income.
We can use the income elasticity of demand formula to find the answer:
Income Elasticity of Demand = (Percentage Change in Quantity Demanded) / (Percentage Change in Income)
First, we need to calculate the percentage change in quantity demanded:
Percentage Change in Quantity Demanded = ((New Quantity Demanded - Old Quantity Demanded) / Old Quantity Demanded) x 100%
Percentage Change in Quantity Demanded = ((13 - 12) / 12) x 100%
Percentage Change in Quantity Demanded = 8.33%
Next, we need to calculate the percentage change in income:
Percentage Change in Income = ((New Income - Old Income) / Old Income) x 100%
Percentage Change in Income = ((280 - 250) / 250) x 100%
Percentage Change in Income = 12%
Now we can substitute the values into the formula:
Income Elasticity of Demand = (8.33%)/(12%)
Income Elasticity of Demand = 0.69
Rounding to two decimal places, we get the answer of 0.69, which is closest to option d) 0.71. Therefore, the income elasticity of demand for chocolate by this consumer is approximately 0.71.
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