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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Greatland Preschool operates a not-for-profit morning preschool that operates eight months of the year. The preschool has 180 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the eight months as follows:
Requirements 1. Prepare Greatland Preschool's monthly operating budget. Round all amounts to the nearest dollar.
2. Using your answer from Requirement 1, create GreatlandPreschool's budgeted income statement for the entire eight-month school year. You may group all operating expenses together.
3. Greatland Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year?
1.$138,0001
2.$144,000
3.Greatland Preschool could use its projected income for various purposes that benefit the school.
1..Greatland Preschool's monthly operating budget would include the following expenses:
- Payroll: $120,000 (180 kids enrolled x $667 per teacher per month x 3 teachers)
- Rent: $10,000
- Supplies: $5,000
- Utilities: $2,000
- Insurance: $1,000
Total monthly expenses: $138,000
2. Greatland Preschool's budgeted income statement for the entire eight-month school year would look like this:
Total Revenue: $960,000 (180 kids enrolled x $5,333 per year tuition)
Total Expenses: $1,104,000 ($138,000 x 8 months)
Net Loss: ($144,000)
3. As a not-for-profit preschool, Greatland Preschool might use its projected income for the year to reinvest in the school, such as improving facilities, purchasing new supplies and equipment, or offering scholarships to families who cannot afford the tuition. The preschool could also choose to save any surplus funds for future expenses or emergencies.
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A goal for many companies striving for high-quality products is "zero defects" because:
A goal for many companies striving for high-quality products is "zero defects" because it ensures that the final product is free from any faults or errors. The concept of zero defects is focused on achieving a level of quality where no defects are acceptable, regardless of their size or significance. This approach can lead to increased customer satisfaction and loyalty, as they are more likely to trust and rely on a product that consistently meets their expectations.
Furthermore, striving for zero defects can help companies improve their overall production processes and reduce costs associated with reworking or repairing defective products. It encourages companies to adopt a proactive approach to quality control, rather than simply reacting to problems as they arise. This can result in a more efficient and effective production process, ultimately leading to increased profitability.
However, it is important to note that achieving zero defects may not always be possible or feasible, especially in industries with complex manufacturing processes or rapidly changing technology. It is still important for companies to continuously strive towards improving the quality of their products and processes, and to implement appropriate measures to minimize defects and improve customer satisfaction.
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Amy invested $500 per month in a 401k that earned 6% annual return for 40 years. Hank invested $1,000 per month in a 401k that also earned 6% annual return, but for 20 years. Which of the following would be true? Amy's balance would be greater than Hank's in the end.O Amy's balance is $5,142 and Hank's balance is $3,207. O Hank's balance would be greater than Amy's in the end.O The investment and balance would be the same in the end. O None of these are true.
Amy's balance would be greater than Hank's in the end. This is because Amy invested for a longer period of time (40 years vs. 20 years) and still earned the same annual return of 6%. This allowed her money to compound and grow more over time.
Even though Hank invested twice the amount per month, Amy invested for twice the duration. The power of compounding means that the longer the investment period, the greater the returns. So, even though Amy invested less per month, her investment would have grown significantly over 40 years.
Meanwhile, Hank invested more per month but for only 20 years, so his investment would have grown less. Therefore, Amy's balance is expected to be greater than Hank's in the end.
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PQR Corporation has taxable income before DRD of $60,000 that includes a dividend of $10,000 from a large publicly-traded domestic corporation. What is the tax liability of PQR Corporation? Multiple Choice $11,235. $12,600 $10,500. $11,500.
Based on the information provided, PQR Corporation has taxable income before DRD (dividends received deduction) of $60,000, which includes a $10,000 dividend from a large publicly-traded domestic corporation. The tax liability of PQR Corp will be option D i.e. $11,500.
Here is the step-by-step calculation:
1. Determine the Dividends Received Deduction (DRD): PQR Corporation received a $10,000 dividend, and since it's from a large publicly-traded domestic corporation, the applicable DRD percentage is 50%. Thus, DRD = $10,000 * 50% = $5,000.
2. Calculate the taxable income after DRD: Taxable income before DRD is $60,000. Subtract the DRD to get the taxable income after DRD: $60,000 - $5,000 = $55,000.
3. Calculate the tax liability: Assuming PQR Corporation is subject to a 21% corporate tax rate, multiply the taxable income after DRD by the tax rate: $55,000 * 21% = $11,550.
The tax liability of PQR Corporation is $11,550. The correct multiple choice answer would be closest to $11,500 i.e. option D.
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________ is the ability to exert muscular force repeatedly or continuously over time.
A) Trunk strength
B) Dynamic strength
C) Explosive strength
D) Static strength
E) Body coordination
48. Matrix management, cross-cultural management, and diversity training are all instruments used in the __________ strategy to employee development.
A. behavioural
B. environmental
C. cognitive
D. normative
E. participative
The matrix management, cross-cultural management, and diversity training all focus on the external factors that influence employee development, such as the organization's structure, culture, and workforce demographics. The correct option to this question is B.
These instruments aim to create a supportive and inclusive environment that encourages employees to grow and develop their skills. The environmental strategy emphasizes the importance of creating a conducive workplace environment that supports employee development.
Matrix management, cross-cultural management, and diversity training are all instruments used in the participative strategy to employee development. This approach encourages employees to actively engage and contribute to the decision-making process, promoting collaboration and effective communication within a diverse work environment.
The strategy where these management instruments are used to facilitate employee development and involvement in the workplace.
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the money used to buy the tools and equipment needed for production is known as
a.)capital goods
b.)the factors of production
c.)financial capital
d.)wealth
The correct term for the money used to buy the tools and equipment needed for production is known as "capital goods". Capital goods are tangible assets that are used to produce other goods and services. They are an essential part of the production process and include items such as machinery, vehicles, buildings, and equipment.
Capital goods are different from the other factors of production, which include land, labor, and entrepreneurship. These are the resources that are necessary to produce goods and services, but they are not the actual tools and equipment that are used in the production process.
Financial capital, on the other hand, refers to the money that is used to fund business operations, including the purchase of capital goods. It is a type of capital that is raised through investments, loans, or other forms of financing. Financial capital is essential for businesses to acquire the necessary resources to produce goods and services.
Finally, wealth is the accumulation of assets that have value, including financial assets such as stocks, bonds, and real estate, as well as physical assets such as property and possessions. While wealth may be used to purchase capital goods, it is not the specific term used to describe the money used for this purpose.
In summary, the money used to buy the tools and equipment needed for production is known as capital goods, which are an essential part of the factors of production needed for businesses to create goods and services. Financial capital is the means of acquiring these goods, while wealth is the accumulation of assets that can be used for various purposes.
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Why is it important for the auditor to consider the risk of material misstatement ta the overall financial statement level?
It is crucial for the auditor to consider the risk of material misstatement at the overall financial statement level as it provides a comprehensive understanding of the financial health of the organization.
The auditor must assess the risk of material misstatement in the financial statements as a whole rather than only at the account or transaction level. This is because even if individual accounts or transactions appear to be accurate, they may not provide a complete and accurate picture of the financial statements when viewed in combination with other financial data.
Additionally, certain risks may not be evident at the account level but may be more apparent when looking at the financial statements as a whole. By understanding the risk of material misstatement at the overall financial statement level, the auditor can identify areas of concern and allocate resources appropriately to address potential issues.
It also helps the auditor to ensure that the financial statements are free from material misstatements and provide reliable information to the users.
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Ollie manages a custom manufacturing company. He is concerned about accomplishing the work-producing custom components for customers with the least cost and waste possible His primary managerial concern is Multiple Choice efficiency hining expertise delegation effectiveness
Ollie manages a custom manufacturing company and is concerned about accomplishing the work-producing custom components for customers with the least cost and waste possible. His primary managerial concern is efficiency.
Managers face a number of difficulties and challenges in their day to day work. However, there are also a number of ways in which they can overcome these challenges:
1. Communication issues: Team members often have different personalities hence, there is a chance of miscommunication from time to time. This can be overcome by increasing the frequency of communication to ensure employees know exactly what managers expect of them. A manager must redefine standards that reinforce the team's goals and purposes.
2. Poor teamwork: When employees spend a lot of time in individual tasks, they may lose focus on collaboration and teamwork. To re-establish teamwork, managers should revisit the purpose of a project. Managers who acknowledge their team's efforts and clarify the purpose of their work see increased levels of motivation among their employees.
3. Time management: Since managers are oversee the members of their team and also communicate with other department heads, they often struggle with balancing their own tasks. This can be overcome by scheduling time throughout the day to do specific work. Updating ones calendar regularly and sharing it with team members can ease the load on managers.
Thus, in the given question, Ollie's primary managerial concern is efficiency.
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7 The new policy of ____________ means consumers will be offered a wider range of high quality products.
The new policy of "product diversification" means consumers will be offered a wider range of high quality products. In this main answer, product diversification allows businesses to expand their offerings, leading to increased consumer choice and satisfaction.
The company's decision to diversify its product offerings through the implementation of a new policy means that consumers will have access to a wider range of high-quality products. This move is aimed at increasing the company's competitiveness in the market, as well as meeting the evolving needs and preferences of consumers. By expanding their product lines, the company hopes to attract new customers and retain existing ones who are looking for a variety of options. Overall, the new policy of diversification is expected to have a positive impact on the company's sales and profitability.
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A lien is an interest in real property that serves as security for an obligation. Which of the following is an example of a general lien?
a. Property Tax and Assessment Lien
b. Mortgage Lien
c. Lien arising from a court judgement unrelated to ownership of the property
d. mechanics' lien
A general lien is a type of lien that attaches to all the property owned by an individual, rather than just a specific property. Option C is the correct answer. It is important to note that a lien can also be specific, such as a property tax and assessment lien or a mortgage lien.
An example of a general lien is a lien arising from a court judgement unrelated to ownership of the property. This means that the lien is not related to any specific property owned by the individual, but rather to all of their assets. A general lien is a claim on all the assets of a debtor rather than a specific piece of property. In this case, a lien arising from a court judgement unrelated to ownership of the property would affect all the debtor's assets, including real property, making it a general lien. The other options (a, b, and d) are specific liens, as they are directly related to a particular property or service provided to that property.
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In the 4E framework for social media, when attempting to ______ the customer, a firm encourages the customer to offer feedback.
In the 4E framework for social media, when attempting to engage the customer, a firm encourages the customer to offer feedback. This is because feedback is essential in building customer engagement and loyalty.
Feedback helps firms understand the needs and preferences of their customers and provides insights into areas where improvements can be made. By actively soliciting feedback from customers, firms can demonstrate that they value their opinions and are committed to delivering products and services that meet their needs.
Moreover, by engaging with customers and responding to their feedback, firms can foster a sense of community and collaboration that can further enhance customer engagement and loyalty.
In summary, encouraging customers to offer feedback is a crucial element in the 4E framework for social media, as it helps firms build lasting relationships with their customers and stay competitive in today's digital marketplace.
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The price of which of the following will fluctuate MOST with a change in interest rates?
A) Short term bonds
B) Long term bonds
C) Common stock
D) Money Market Instruments
Out of the given options, Money Market Instruments are the most sensitive to changes in interest rates. These instruments are short-term debt securities with maturities ranging from overnight to one year. They are issued by governments, corporations, and financial institutions to raise funds.
The interest rates on these instruments are typically influenced by the prevailing interest rates in the economy. As interest rates increase, the yield on these instruments also increases, making them more attractive to investors.
Conversely, when interest rates fall, the yield on these instruments also falls, making them less attractive to investors. Hence, Money Market Instruments are highly sensitive to changes in interest rates and are subject to significant fluctuations in price accordingly.
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Military service relevant to the position you're seeking should be listed in the ________ section of your résumé.
A) References
B) Not-for-profit work experience
C) Work experience
D) Personal information
E) Interest
Military service relevant to the position you're seeking should be listed in the work experience section of your résumé. This is because military service can provide valuable skills and experiences that can be applicable to many civilian jobs.
For example, leadership, teamwork, discipline, and problem-solving skills are all attributes that can be developed through military service and are highly sought after by employers. Additionally, many military roles require specialized technical training or certifications that can be transferable to civilian jobs in similar fields. It's important to highlight your military service on your résumé to showcase your skills and experiences to potential employers. However, it's also important to tailor your résumé to each job you're applying for and highlight the specific skills and experiences that are most relevant to that position.
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if lazer co. desires to lock in the maximum it would have to pay for its net payables in euros but wants to be able to capitalize if the euro depreciates substantially against the dollar by the time payment is to be made, the most appropriate hedge would bealso assume that a u.s. exporter denominates its new zealand exports in nz$ and expects to receive nz$600,000 in 1 year. you are a consultant for this firm.using the information above, what will be the approximate value of these exports in 1 year in u.s. dollars given that the firm executes a money market hedge?
The value of the exports would be $420,000 in 1 year.
How to determine the approximate value of the exports in 1 year in U.S. dollarsIf Lazer Co. wants to lock in the maximum it would have to pay for its net payables in euros but still wants to be able to capitalize if the euro depreciates substantially against the dollar by the time payment is to be made, the most appropriate hedge would be an option contract.
Specifically, Lazer Co. could purchase a call option on euros, which would give it the right but not the obligation to buy euros at a predetermined exchange rate (the strike price) on or before a predetermined date (the expiration date).
This would allow Lazer Co. to limit its potential losses if the euro appreciates, while still allowing it to benefit if the euro depreciates.
Assuming the current exchange rate is 1 NZD = 0.70 USD, the approximate value of the NZ$600,000 exports in 1 year in US dollars would be $420,000.
If the firm executes a money market hedge, it would involve borrowing USD and then converting it to NZD to invest in the New Zealand money market.
This would eliminate the foreign exchange risk and lock in the current exchange rate, ensuring that the value of the exports would be $420,000 in 1 year.
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a temporary lease promulgated by trec can be used to give the buyer possession of the property for a period of 90 days or less and the lease is for .
Yes, a temporary lease promulgated by TREC (Texas Real Estate Commission) can be used to give the buyer possession of the property for a period of 90 days or less.
This type of lease is often used when the closing date for a real estate transaction is delayed and the buyer needs to occupy the property before the purchase is complete.
The lease is temporary in nature and only grants the buyer possession of the property for a short period of time, typically 90 days or less. It is important to note that the terms of the lease should be carefully reviewed and negotiated by both parties before signing to ensure that they are fair and reasonable.
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A company collects a customer's account within the discount period. Indicate how this transaction would affect (1) assets, (2) stockholders' equity, and (3) revenues.
a. (1) Decrease, (2) Decrease, (3) Decrease
b. (1) Increase, (2) Increase, (3) Increase
c. (1) Increase, (2) Increase, (3) No effect
d. (1) No effect, (2) No effect, (3) No effect
When a company collects a customer's account within the discount period, it means that they receive payment for the product or service sold before the due date. This transaction would have no effect on the company's assets, stockholders' equity and revenues.
This is because the payment received is already accounted for in the accounts receivable when the sale was made. The company's assets and stockholders' equity remain the same as before the payment was received because the transaction does not involve the purchase or sale of any assets or equity.
The revenue generated from the sale is also already recorded when the sale was made, so receiving the payment within the discount period does not affect the revenue recorded.
In summary, collecting a customer's account within the discount period is a routine transaction that does not have any significant impact on the company's financial statements.
It is simply a matter of receiving payment for a product or service that was already accounted for in the company's records.
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in the presence of profits, firms enter a perfectly competitive market until the market reaches the point at which the firms are generating a profit; then entry stops and the market settles into its -run equilibrium. (make sure to put only one word in each blank.)
In the presence of profits, firms enter a perfectly competitive market until the market reaches the point at which the firms are generating a profit; then entry stops and the market settles into its long-run equilibrium.
In this type of market, firms are motivated by profit maximization. If a firm is earning profits, other firms will notice and be motivated to enter the market to earn those profits themselves.
This entry of new firms into the market increases the supply of the product, which leads to a decrease in the market price. As the market price falls, profits for all firms decrease, and some firms may exit the market if they are no longer able to cover their costs.
This process of entry and exit continues until the market price reaches the point where firms are earning zero economic profit, also known as the long-run equilibrium.
At this point, the market price is equal to the minimum average total cost of production, including a normal rate of return on investment. In this equilibrium, there is no incentive for firms to enter or exit the market, and the number of firms in the market remains constant.
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Use the preferred model to predict sat given the mean value of the predictor variable(s). (do not round intermediate calculations. Round the final answer to the nearest whole number. )
The estimated regression model is given as: 1723.417
What is Mean Value?The mean value is a metric of central tendency conveying the average measurement from a given set of data. To acquire the mean, one must add together all values constituting the set and divide the aggregate sum by the overall number of elements in the set.
For instance, if we incorporate the following set of numbers into our equation: 2, 4, 6, 8, 10 - then the mean would be calculated as follows: (2+4+6+8+10) / 5 = 6; thus, the mean value of this particular set is six.
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Cherry Ccorporation, a calendar year c corporation, is formed and begins business on april 1 of the current year. in connection with its formation, cherry incurs organizational expenditures of $54,000. round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine cherry corporation's deduction for organizational expenditures for the current year.$ ___
The Cherry Corporation's deduction for organizational expenditures for the current year is $2,700.00.
As per the IRS rules, the organizational expenditures incurred by a corporation in connection with its formation are allowed to be deducted over a period of 180 months beginning in the month that the corporation begins business.
In this case, Cherry Corporation began business on April 1 of the current year. Therefore, the first month in which it can start to deduct its organizational expenditures is April of the current year, and the 180-month period ends in September of the year 2036 (180 months after April of the current year).
For deduction for organizational expenditures for the current year, we need to determine the monthly amount of the deduction. We can do this by dividing the total amount of the organizational expenditures by 180.
Monthly deduction for organizational expenditures = (Total organizational expenditures) / 180
Monthly deduction for organizational expenditures = $54,000 / 180
Monthly deduction for organizational expenditures = $300.00
Since Cherry Corporation began business in April of the current year, it is allowed to deduct 9 months' worth of organizational expenditures in the current year (April through December).
Therefore, the deduction for organizational expenditures for the current year is:
Deduction for organizational expenditures = (Monthly deduction for organizational expenditures) x (Number of months in the current year that the corporation is in business)
Deduction for organizational expenditures = $300.00 x 9
Deduction for organizational expenditures = $2,700.00
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Question is for maing a MEMO on Unethical practices.
The CEO is concerned regarding ethical practices and needs your advice. In your role as a consultant, write a memo explaining what unethical practices can budget preparers incorporate during budget preparation. Also provide recommendations as to how such practices can be mitigated.
In conclusion, unethical practices can have serious consequences for organizations, including loss of credibility and trust, legal and financial penalties, and damage to the organization's reputation.
Memorandum
Subject: Unethical Practices in Budget Preparation and Mitigation Strategies
To: CEO
Dear CEO,
As you know, ethical practices are critical in all aspects of business, including budget preparation. Unfortunately, some budget preparers may be tempted to incorporate unethical practices in order to meet deadlines or achieve certain objectives. In this memo, I will outline some unethical practices that budget preparers may engage in and provide recommendations on how to mitigate them.
Conflict of interest: Budget preparers may have a conflict of interest if they have a personal stake in the outcome of the budget. For example, a budget preparer who is also a vendor may be tempted to inflate the budget for their own products or services. To mitigate this practice, it is important to ensure that budget preparers have no conflict of interest and that they are not involved in decision-making related to their own products or services.
Unauthorized expenses: Budget preparers may include unauthorized expenses in the budget in order to secure additional funding. This can result in unnecessary expenses that do not align with the organization's goals or priorities. To mitigate this practice, it is important to have clear guidelines and procedures for budget preparation, and to ensure that all expenses are authorized and necessary.
Lack of transparency: Budget preparers may withhold information from stakeholders in order to manipulate the budget. This can result in an incomplete and unreliable budget that does not accurately reflect the organization's financial position. To mitigate this practice, it is important to ensure that all stakeholders have access to accurate and complete information, and to encourage open and transparent communication.
As a consultant, I strongly recommend that organizations take steps to mitigate these practices and ensure that all budget preparation activities are conducted in accordance with ethical standards.
Sincerely,
[Your Name]
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In a commensal relationship, the commensal benefits but the cohabitant is neither harmed nor benefited
True or False
True. In a commensal relationship, one organism (the commensal) benefits from the presence of another organism (the cohabitant) but the cohabitant is neither harmed nor benefited.
Commensal relationship is common in nature and can be observed in many different species. For example, birds may nest in trees without harming the tree, or barnacles may attach themselves to the shells of turtles without harming the turtle. In both cases, the commensal benefits from the relationship, while the cohabitant is not affected one way or the other. Commensalism is often contrasted with other types of symbiotic relationships, such as mutualism (where both organisms benefit) and parasitism (where one organism benefits at the expense of the other). Overall, commensalism is an important aspect of ecological interactions and helps to shape the structure and function of many different ecosystems.
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carlton company uses the percent of sales method to estimate its bad debt expense. based on past experience, the company estimates 2 percent of credit sales to be uncollectible. at the end of the current year, the company's unadjusted trial balance shows accounts receivable of $245,000 and credit sales of $900,000.
The necessary adjusting entry for Carlton Company on December 31 would be: Bad Debt Expense $18,000 and Allowance for Doubtful Accounts $18,000
Under the percent of sales method, the company estimates the amount of uncollectible accounts based on a percentage of credit sales. In this case, the company estimates 2% of credit sales to be uncollectible. So, the estimated bad debt expense for the current year would be $900,000 x 2% = $18,000.
To record this adjustment, the Bad Debt Expense account is debited for $18,000 and the Allowance for Doubtful Accounts account is credited for the same amount. The Allowance for Doubtful Accounts account is a contra-asset account that reduces the balance of the Accounts Receivable account to its estimated net realizable value.
This adjustment will ensure that the balance sheet reflects a more accurate estimate of the company's accounts receivable and related bad debt expense.
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Complete question:
Carlton Company uses the percent of sales method to estimate its bad debt expense. Based on past experience, the company estimates 2 percent of credit sales to be uncollectible. At the end of the current year, the company's unadjusted trial balance shows Accounts Receivable of $245,000 and Credit Sales of $900,000 Prepare the necessary December 31 adjusting entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debitor credit columns
Londensed balance sheets for Providence Technology company and Smashing Technology Company on Jamary 1. 2021 are as follows: Providence Technology ,Smashing Technology Current Assets 440.000 200,000 Plant and Equipment (net) 1,080,000 340.000 Total Assets 1.520,000 540,000 Total Liabilities 230,000 80,000 Common Stock. 10 par value 840.000 240.000 Other Contributed Capital 300,000 130,000 Earnings 150.000 90,000 Total Equities 1,520.000 540.000 On January 1, 2021 the stockholders of Providence Technology and Smashing Technology agreed to a consolidation whereby a new corporation. Cannon Company, would be formed to consolidate Providence Technology and Smashing Technology. Cannon Company issued 70.000 shares of its 20 par value common stock for the net assets of Providence Technology and Smashing Technology. On the date of consolidation, the fair values of Providence Technology's and Smashing Technology's current assets and liabilities were equal to their book values. The fair value of plant and equipment for each company was: Providence Technology, 1,270,000; Smashing Technology, 360,000. An investment banking house estimated that the fair value of Cannon Company's common stock was 35 per share. Providence Technology will incur 45,000 of direct acquisition costs and 15.000 in stock issue costs. Required: Prepare the journal entries to record the consolidation on the books of Cannon Company assuming that the consolidation is accounted for as an acquisition
Cannon Company records the acquisition of Providence Technology and Smashing Technology by issuing 70,000 shares of $20 par value common stock for a total of $2,450,000 and incurs $60,000 in acquisition costs.
To record the consolidation on the books of Cannon Company, the following journal entries are required:
To record the acquisition of Providence Technology and Smashing Technology:
Dr. Plant and Equipment - Providence Technology $1,270,000
Dr. Plant and Equipment - Smashing Technology 360,000
Dr. Current Assets - Providence Technology 440,000
Dr. Current Assets - Smashing Technology 200,000
Dr. Goodwill 270,000
Cr. Common Stock 1,400,000
Cr. Cash 70,000
Cr. Direct Acquisition Costs 45,000
Cr. Stock Issue Costs 15,000
To record the fair value adjustment to the plant and equipment of Smashing Technology:
Dr. Depreciation Expense $30,000
Cr. Accumulated Depreciation - Smashing Technology 30,000
To record the fair value adjustment to the plant and equipment of Providence Technology:
Dr. Depreciation Expense $190,000
Cr. Accumulated Depreciation - Providence Technology 190,000
Note: The fair value adjustments are based on the assumption that the useful lives of the plant and equipment are unchanged.
The total assets and equities of Cannon Company after the consolidation are:
Total Assets: 2,140,000
Total Equities: 2,140,000
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________ is the ability to continue maximum effort requiring prolonged effort over time.
A) Stamina
B) Static strength
C) Explosive strength
D) Dynamic strength
E) Balance
A) Stamina is the ability to continue maximum effort requiring prolonged effort over time.
Stamina is an important component of physical fitness and is often associated with aerobic endurance exercise, such as running, cycling, and swimming. It is also a critical factor in many sports and activities that require sustained effort over time, such as distance running, hiking, and cross-country skiing. Stamina can be developed through regular exercise and training that gradually increases the intensity and duration of the activity. Building stamina can also have numerous health benefits, such as reducing the risk of heart disease, improving mental health, and increasing overall energy levels.
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1. Foreign exchange market intervention
Suppose the Fed wants the dollar to depreciate. The Fed hopes to accomplish this goal by using $19 billion in U.S. currency in a foreign exchange market intervention.
In order to cause the dollar to depreciate, the Fed will need to $19 billion in the foreign exchange market, while also currency reserves of another country.
Use the following table to show the changes in the balance sheet of the Fed.
Assets Liabilities
by $19 billion by $19 billion
This intervention would be classified as foreign exchange intervention, and would have effect on the money supply.
Suppose the Fed wants the dollar to depreciate, but also wants the domestic money supply to remain unchanged.
In addition to the foreign-exchange market intervention you just outlined, the Fed will also need to government securities, thereby the monetary base so that it remains unchanged. This intervention would be classified as foreign exchange intervention since the net result would be no change in the domestic money supply.
Use the following table to show the changes in the Fed’s balance sheet that result from the Fed’s policy of counteracting the change in the money supply caused by its previous foreign-exchange market intervention.
Assets Liabilities
by $19 billion by $19 billion
To achieve a depreciation of the dollar, the Fed can use foreign exchange market intervention by using $19 billion in U.S. currency. This would result in a decrease in assets and liabilities by $19 billion.
Foreign exchange market intervention:To rephrase your question, you would
like to know the changes in the Fed's balance sheet when they intervene in the foreign exchange market with $19 billion in order to depreciate the dollar and keep the domestic money supply unchanged.
To cause the dollar to depreciate, the Fed will need to sell $19 billion in the foreign exchange market, while also increasing currency reserves of another country. The changes in the balance sheet of the Fed are as follows:
Assets: Decrease by $19 billion (due to selling USD)
Liabilities: Decrease by $19 billion (due to buying foreign currency)
This intervention would be classified as unsterilized foreign exchange intervention, and would have an effect on the money supply.
If the Fed wants the dollar to depreciate but also wants the domestic money supply to remain unchanged, in addition to the foreign-exchange market intervention, the Fed will also need to buy government securities, thereby offsetting the decrease in the monetary base so that it remains unchanged. This intervention would be classified as sterilized foreign exchange intervention since the net result would be no change in the domestic money supply.
The changes in the Fed's balance sheet that result from the Fed's policy of counteracting the change in the money supply caused by its previous foreign-exchange market intervention are as follows:
Assets: Increase by $19 billion (due to buying government securities)
Liabilities: Increase by $19 billion (due to increasing reserves)
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A rebel army is attempting to overthrow the elected government of the Russian Federation. The United States government has decided to assist its ally by quickly sending troops and supplies to the Federation. A plan now needs to be developed for shipping the troops and supplies most effectively. Depending on the choice of the overall measure of performance, the analysis requires formulating and solving a shortest-path problem, a minimum cost flow problem, or a maximum flow problem. Subsequent analysis requires formulating and solving a minimum spanning tree problem
The main goal in this situation is to ship the troops and supplies to the Russian Federation as quickly and efficiently as possible. Depending on the specific objectives, different optimization problems can be used to find the optimal transportation plan.
If the objective is to minimize the total distance traveled by the shipments, then a shortest-path problem can be formulated and solved. This problem involves finding the shortest route between the origin and destination nodes in a network, taking into account the distances between the nodes and the capacities of the transportation links.
If the objective is to minimize the total cost of transportation, then a minimum cost flow problem can be used. This problem involves finding the optimal flow of goods between nodes in a network while minimizing the cost of the transportation links.
Once the optimal transportation plan has been found, a minimum spanning tree problem can be used to identify the most efficient path for each shipment.
This problem involves finding the minimum cost tree that connects all nodes in a network, with the costs representing the transportation costs between nodes. By identifying the minimum spanning tree, the most efficient routes for shipping the troops and supplies can be determined.
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Jane is in a 25% tax bracket. She received $1,000 as dividendincome from her investments. How much taxes is she expected topay?Show all the steps in your calculation.
Jane is expected to pay $250 in taxes on her $1,000 dividend income. It's important to note that this is just an estimate, as there may be other factors that could affect her actual tax liability.
Jane is in a 25% tax bracket, which means that she is expected to pay 25% of her dividend income in taxes. To calculate how much taxes she is expected to pay, we can use the following formula:
Taxes = Dividend income x Tax rate
In this case, Jane's dividend income is $1,000, and her tax rate is 25%. So, we can plug these values into the formula:
Taxes = $1,000 x 0.25
Taxes = $250
It's always a good idea to consult with a tax professional to ensure that you're paying the correct amount of taxes.
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Describe near transfer and far transfer. What are their implications for training design?
Near transfer and far transfer are terms used in the field of cognitive psychology to describe the extent to which skills or knowledge learned in one context can be applied to another context.
Near transfer refers to the application of skills or knowledge learned in one context to a similar or closely related context. For example, if someone learns to play the guitar, they may be able to transfer that skill to playing a different song on the guitar. In terms of training design, near transfer suggests that skills should be practiced in a variety of contexts that are similar to the target context, so that learners can apply their skills more easily in the future.
Far transfer refers to the application of skills or knowledge learned in one context to a different, less similar context. For example, if someone learns to play the guitar, they may be able to transfer that skill to playing a different musical instrument, such as the ukulele. In terms of training design, far transfer suggests that skills should be practiced in a variety of contexts that are different from the target context, so that learners can apply their skills more flexibly in the future.
In addition, it is important for trainers to be aware of the potential limitations of transfer, as not all skills or knowledge can be transferred easily from one context to another. Some skills may be highly context-specific and difficult to apply in different contexts, while other skills may be more transferable. Understanding the extent to which transfer is possible for different skills and knowledge can help trainers design more effective training programs.
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2. Prairie Airlines purchased a 747 aircraft on January 1, 2016, at a cost of $30,000,000. The estimated useful life of the aircraft is 20 years, with an estimated residual value of $4,000,000. What is the carrying amount for December 2018, using Diminishing-balance method. Carrying Amt Depreciation Annual Accumulated Carrying Year Beginning Yr Rate Depreciation Depreciation
We need to calculate the depreciation rate for Diminishing-balance method:
Depreciation rate = 2 / Useful life
Depreciation rate = 2 / 20 = 0.10
Now, we can calculate the carrying amount and accumulated depreciation for December 2018:
Year 1:
Beginning Carrying Amount = $30,000,000
Depreciation Expense = $30,000,000 x 0.10 = $3,000,000
Accumulated Depreciation = $3,000,000
Year 2:
Beginning Carrying Amount = $27,000,000 ($30,000,000 - $3,000,000)
Depreciation Expense = $27,000,000 x 0.10 = $2,700,000
Accumulated Depreciation = $3,000,000 + $2,700,000 = $5,700,000
Year 3 (December 2018):
Beginning Carrying Amount = $24,300,000 ($27,000,000 - $2,700,000)
Depreciation Expense = $24,300,000 x 0.10 = $2,430,000
Accumulated Depreciation = $5,700,000 + $2,430,000 = $8,130,000
Therefore, the carrying amount for December 2018 is $24,300,000 and the accumulated depreciation is $8,130,000.
