[The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31 , the company's records show the following selected accounts and amounts for the month of December. Use the above information to prepare a December income statement for the business. Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. O the company's records show the following selected accounts and amounts for the month of December. Use the above information to prepare a December statement of retained earnings for Help Today. The Retaine balance at December 1 was $0. Hint: Net income for December is $10,340. Answer is not complete. Use the above information to prepare a December 31 balance sheet for Help Today. Hint. The ending Retain balance as of December 31 is $4,300.

Part 1:

To calculate the duration of a two-year bond with an annual coupon of 10% and a current yield to maturity of 12%, we need to use the following formula:

Duration = [(1 + (Coupon Rate / Current Yield)) * (1 - (1 / (1 + Current Yield)^Number of Periods))] / Current Yield

Coupon Rate = 10%

Current Yield = 12%

Number of Periods = 2 (since it's a two-year bond)

Plugging in the values:

Duration = [(1 + (0.10 / 0.12)) * (1 - (1 / (1 + 0.12)^2))] / 0.12

Duration = [(1.8333) * (0.7692)] / 0.12

Duration = 1.1745 (rounded to 4 decimals)

The duration of the two-year bond is approximately 1.1745.

Part 2:

To calculate the duration of a two-year zero-coupon bond with a yield of 11.5%, we can simply use the number of years to maturity, as zero-coupon bonds do not have coupon payments.

Duration = Number of Years to Maturity = 2

The duration of the two-year zero-coupon bond is 2.

Part 3:

Duration represents the weighted average time it takes to receive the cash flows from a bond, including both coupon payments and the return of the principal. It is a measure of the bond's price sensitivity to changes in interest rates.

Given the answers from Part 1 and Part 2, we can conclude that:

D. All of the above can be true.

Duration can be lower, equal to, or higher than the number of years to maturity depending on various factors such as coupon rate, yield, and the presence of coupon payments.

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In summary, by analyzing trends in FDI activity in different sectors, we can use the Product Life Cycle Theory to understand New Zealand's economic development future and the resulting business-related consequences.

The question asks us to analyze New Zealand's economic development future and its business-related consequences based on trends in Foreign Direct Investment (FDI) activity. To do this, we need to use a relevant Chapter 2 trade theory from the book "Introduction to Global Business: Understanding the International Environment & Global Business Functions" by Gaspar et al.

Since the specific trade theory from Chapter 2 is not mentioned, we can provide a general approach. One relevant theory is the "Product Life Cycle Theory" which explains how a product's life cycle affects trade patterns and FDI. New Zealand has a diverse range of industries including agriculture, tourism, and technology. By analyzing the FDI trends in these sectors over several years, we can predict the future development of these industries and the associated business consequences.

For example, if FDI in the technology sector has been increasing significantly, it suggests that New Zealand's technology industry is growing rapidly and attracting foreign investment. This can lead to the development of new technologies, job creation, and increased competitiveness in the global market. On the other hand, if FDI in the agriculture sector has been declining, it may indicate challenges in that industry, such as competition from other countries or changing consumer preferences. This could lead to potential consequences such as reduced agricultural exports and a need for diversification.

In summary, by analyzing trends in FDI activity in different sectors, we can use the Product Life Cycle Theory to understand New Zealand's economic development future and the resulting business-related consequences.

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In the statement of financial position, we will analyze the debt and equity structure, specifically focusing on changes caused by the pandemic. Finally, we will compare the operating cash flow pre and post Covid to understand the impact on the company's cash generation.

In analyzing the statement of comprehensive income, we will examine the revenue component. We will compare the revenue generated pre and post Covid to assess the impact of the pandemic on the company's top line. This will provide insights into changes in customer demand, market conditions, and overall business performance.

Moving to the statement of financial position, we will focus on the debt and equity structure. We will analyze any significant changes in the company's debt levels, including short-term and long-term borrowings. Additionally, we will examine the equity structure, looking at changes in shareholders' equity and any impacts on capital structure due to the pandemic.

Lastly, in the statement of cash flows, we will compare the operating cash flow pre and post Covid. By evaluating the company's ability to generate cash from its core operations, we can assess its financial resilience and adaptability during challenging times. This analysis will provide insights into the company's cash management strategies and the impact of the pandemic on its cash flow generation.

Overall, this comprehensive analysis of the company's statement of comprehensive income, statement of financial position, and statement of cash flows will allow us to understand the effects of Covid on key financial metrics, providing valuable insights into the company's performance, financial position, and cash management capabilities.

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The process that involves adjusting your message both to the knowledge level of the listeners and to their present position on the issue is audience adaptation.

Audience adaptation plays crucial role in persuasive speeches by tailoring the message to suit the listeners' knowledge level and current position on the issue. By understanding their existing understanding of the topic and considering their perspective, we will effectively engage audience and increase the chances of persuasion.

This process allows speakers to bridge gaps in knowledge, address potential objections and present information in a way that resonates with the listeners. So, its enhances the overall impact and effectiveness of persuasive speeches.

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To record the needed adjustments for Camino Visions, we will prepare adjusting journal entries for each adjustment.

Let's go through each adjustment step-by-step:

1. The count of inventory showed that $3,000 in office supplies inventory remained at September 30. This means that $3,000 worth of office supplies was still available for use at the end of September. We need to adjust the Supplies Expense and Office Supplies Inventory accounts.
- Debit: Supplies Expense (685) for $3,000
- Credit: Office Supplies Inventory (165) for $3,000

2. The company's prepaid insurance purchased on September 1 requires an adjustment for the month of September. This means that a portion of the prepaid insurance has expired in September. We need to adjust the Insurance Expense and Prepaid Insurance accounts.
- Debit: Insurance Expense (688) for the portion of the prepaid insurance that has expired in September
- Credit: Prepaid Insurance (Current Asset) (120) for the same amount as the debit

3. The company's prepaid rent purchased on September 1 requires an adjustment for the month of September. This means that a portion of the prepaid rent has expired in September. We need to adjust the Rent Expense and Prepaid Rent accounts.
- Debit: Rent Expense (687) for the portion of the prepaid rent that has expired in September
- Credit: Prepaid Rent (Current Asset) (115) for the same amount as the debit

4. Camino Visions has 1 employee who earned a total of $3,400 in salaries during September that will not be paid until October 3. This means that the company owes this employee for their September earnings. We need to adjust the Salaries Payable and Salaries Expense accounts.
- Debit: Salaries Expense (680) for $3,400
- Credit: Salaries Payable (210) for $3,400

5. The office equipment invested on September 1 must be depreciated. We need to calculate the depreciation expense for the month of September using the straight-line method. Given that the invested value is $50,000 and the salvage value is $5,000 at the end of its 5-year life, the annual depreciation expense would be ($50,000 - $5,000) / 5 = $9,000. Therefore, the monthly depreciation expense is $9,000 / 12 = $750.
- Debit: Depreciation Expense (695) for $750
- Credit: Accumulated Depreciation - Office Equipment (165) for $750

6. The company evaluated work done on the project that was paid for in advance on September 6. Half of the project was completed by September 30. We need to adjust the Unearned Revenue account.
- Debit: Unearned Revenue (Current Liability) (220) for the portion of the project that has been earned (half of the total payment)
- Credit: Revenue (or Service Revenue) account for the same amount as the debit

Remember to include these adjusting journal entries in the ledgers (T-accounts) for Accumulated Depreciation (165), Salaries Payable (210), Salaries Expense (680), Supplies Expense (685), Rent Expense (687), Insurance Expense (688), and Depreciation Expense (695).

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The individual who must include in gross income all or a portion of the value of the employee fringe benefit received is George, the department store employee who is allowed to purchase merchandise at a discount of 10 percent off the retail price.

The general rule for employee fringe benefits is that if an employee receives a benefit that has value, it is considered taxable income unless there is a specific provision in the tax code that excludes it. In the case of George, the discount he receives on merchandise is a valuable benefit that he enjoys as an employee. Therefore, he must include in his gross income the portion of the discount that represents a reduction in the store's profit margin (in this case, 30 percent).

For Alicia, the legal secretary, Sandy, the hotel employee, and Blake, the oil company executive, their respective fringe benefits (discount on legal services, free hotel stays, and free online subscriptions) do not represent a direct reduction in the employer's profit margin. Therefore, they are not required to include the value of these fringe benefits in their gross income.

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The journal entries in the given problem are:

1. Estimated warranty expense - $38000, Warranty liability - $38000

2. Warranty liability - $20000, Cash - $20000

3. Cash - $58000, Unearned warranty revenue - $58000

4. Unearned warranty revenue - $19333.33, Warranty revenue - $19333.33

In accounting, warranty contracts are vital to keep track of, as they are agreements between a seller and a buyer that the seller is liable for specific repairs or replacements during a specified time limit. The amount of money set aside for warranty claims is known as warranty costs.

Service-type warranty is the type of warranty which the seller promises to provide a service rather than a product. It is a warranty agreement where the seller provides service to the customer for a particular period of time for no extra cost. In other words, it is a service contract in which the seller promises to provide repairs, maintenance, or customer support on the product or service sold.

For the given question, assuming that the warranties are not an integral part of the sale (a service-type warranty), the following are the journal entries recorded in the order presented in the problem:

1. Entry for the estimated warranty expense: Estimated warranty expense  X, Warranty liability X

(X = 58000-20000 = 38000)

2. Entry for the warranty work done during the year: Warranty liability X, Cash X

(X= 20000)

3. Entry for the sale of warranty contracts: Cash X, Unearned warranty revenue X

(X = 58000)

4. Entry for the recognition of revenue on a straight-line basis: Unearned warranty revenue X, Warranty revenue X

(X= 58000/3 = 19333.33)

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The goal is to analyze and improve performance in a particular city, then disaggregate measures may be preferable as they provide insight into performance at a more granular level.

a. Northwest's operations executives claim to have superior overall on-time results.

Northwest's on-time rate:626/2058 = 0.3041 or 30.41 percent

Delta's on-time rate: 626/2898 = 0.2160 or 21.60 percent

Yes, the data support Northwest Airlines' claim of having superior overall on-time results.

The data shows that Northwest Airlines has an on-time record of 30.41%, whereas Delta Airlines has a lower on-time record of 21.60%.

b. Delta's executives respond by pointing to its superior performance at key cities. Key City Delta Flights Late Northwest Flights Late New York 1987 484 399 120 Chicago 718 118 1123 222 Memphis 193 24 536 70 Yes, the data support Delta Airlines' claim of having superior performance at key cities. The data in the table shows that Delta Airlines had a better on-time record in New York and Chicago, and Northwest Airlines had a better on-time record in Memphis. c. Explain carefully how to reconcile your answers in parts (a) and (b).

In your view, In this case, both measures provide valuable insight. If the goal is to have a general understanding of the airline's on-time performance as a whole, an aggregate measure is preferable because it provides an overall perspective on the airline's on-time performance.

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Based on the given information and the assumed tax rate, Grand River Corporation would have a current income tax expense of $158,100.

To calculate the current income tax expense or benefit for Grand River Corporation, we need to consider the temporary differences and permanent differences between book income and taxable income.

1. Calculate Taxable Income:

Taxable Income = Pretax Book Income + Unfavorable Temporary Differences - Favorable Temporary Differences + Permanent Differences

Taxable Income = $690,000 + (-$162,000) - $195,000 + $194,000

Taxable Income = $527,000

2. Determine the Tax Expense or Benefit:

To calculate the tax expense or benefit, we need to apply the applicable tax rate to the taxable income. The tax rate used will depend on the tax laws and regulations of the relevant jurisdiction.

Assuming a tax rate of 30% for illustration purposes, we can calculate the tax expense or benefit:

Tax Expense/Benefit = Taxable Income * Tax Rate

Tax Expense/Benefit = $527,000 * 0.30

Tax Expense/Benefit = $158,100

It's important to note that the actual tax rate and resulting tax expense or benefit may vary depending on the specific tax laws and regulations applicable to the corporation. Additionally, the calculations may be more complex in practice, considering various tax adjustments, credits, and provisions that could affect the final tax liability. Therefore, it's always advisable to consult with a tax professional or accountant for accurate and up-to-date tax calculations.

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John faced the challenge of delivering the news in a way that would avoid angering at least half of the company's 421 employees.

John encountered the difficult task of communicating the news in a manner that would minimize the potential anger or dissatisfaction among the company's 421 employees. The challenge stemmed from the fact that delivering unfavorable news often carries the risk of upsetting some individuals.

To approach this situation, John may consider employing several strategies:

1. Transparent and Timely Communication: John should ensure that the news is communicated promptly and openly. Transparent communication helps establish trust and demonstrates respect for the employees, which can mitigate potential resentment.

2. Empathy and Sensitivity: Understanding the potential impact of the news on employees' lives is crucial. John should approach the situation with empathy, acknowledging the emotions and concerns that employees may experience.

3. Clear Rationale: John should provide a clear and well-founded rationale behind the decision, helping employees understand the reasons behind the news. This can alleviate some frustrations by providing context and demonstrating that the decision was not arbitrary.

4. Employee Involvement: Where possible, John can involve employees in the decision-making process or seek their input on potential solutions. This participation can help mitigate resentment and create a sense of ownership and engagement among employees.

5. Open Dialogue and Support: John should encourage an open dialogue where employees can express their concerns, ask questions, and share their perspectives. Providing support channels, such as dedicated HR resources or counseling services, can also help employees navigate the emotional impact of the news.

6. Fairness and Consistency: Ensuring fairness in the decision-making process and applying consistent standards to all employees can help minimize perceptions of favoritism or unfair treatment, reducing the potential for anger or division.

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Complete Question:

How can John break the news without angering at least one-half of the company's 421 employees, considering the sensitive nature of the situation?

Workers’ compensation is a type of insurance that covers the expenses and lost income of employees who are injured on the job.

The fundamental purposes of workers’ compensation are as follows: 1. To provide benefits to injured workers: The primary purpose of workers’ compensation is to provide benefits to employees who are injured on the job. These benefits may include medical expenses, lost wages, and disability payments. Workers’ compensation ensures that employees have access to the care they need to recover from their injuries without suffering financial hardship. 2. To protect employers: Workers’ compensation also serves to protect employers from lawsuits and other legal action. In many cases, employees who are injured on the job are prohibited from suing their employers for damages.

Workers’ compensation provides a no-fault system that allows injured workers to receive benefits without having to prove that their employer was at fault for their injuries. Workers’ compensation is a critical system that benefits both employees and employers. By providing benefits to injured workers, workers’ compensation ensures that employees are not left without care or income after a workplace injury. This system also protects employers from the financial and legal risks associated with workplace injuries. In short, workers’ compensation is a safety net that supports both employees and employers in the event of workplace injuries.

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The depreciation expense for 2021 would be 126,562.50.

Based on the given information, Desert Corporation acquired machinery on January 1, 2019, for 1,250,000. They initially used the double-declining balance method of depreciation, with no salvage value, over an estimated useful life of ten years. However, at the beginning of 2021, Desert Corporation decided to switch to the straight-line method of depreciation for the machinery.

To calculate the depreciation expense for 2021 using the straight-line method, we need to determine the remaining book value of the machinery and divide it by the remaining useful life.

First, let's calculate the accumulated depreciation using the double-declining balance method. The double-declining balance method calculates depreciation by multiplying the straight-line rate by two. The straight-line rate is determined by dividing 100% by the useful life of the asset. In this case, the useful life is ten years, so the straight-line rate is 10%.

In the first year (2019), the depreciation expense would be (1,250,000 * 10%) = 125,000.
In the second year (2020), the depreciation expense would be ((1,250,000 - 125,000) * 10%) = 112,500.

To determine the remaining book value at the beginning of 2021, we subtract the accumulated depreciation from the initial cost of the machinery:
Book value at the beginning of 2021 = 1,250,000 - (125,000 + 112,500) = 1,012,500.

Since Desert Corporation decided to switch to the straight-line method at the beginning of 2021, we need to calculate the depreciation expense for the remaining useful life of the machinery, which is eight years (2021 to 2028).

Depreciation expense for 2021 = Remaining book value / Remaining useful life
Depreciation expense for 2021 = 1,012,500 / 8 years = 126,562.50.

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Question 37: TS Inc.'s goal for recruitment is "to find and screen job applicants."D.

Question 38: TS Inc.'s goal for selection is "to choose aviation candidates from an applicant pool."C.

Question 39: What would indicate that the recruitment and selection process has been successful at TS Inc.? "the process is valid and reliable."B.

Question 40: A critical initial question that one would want to ask to assess TS Inc.'s recruitment and selection practices is "How ready and committed is TS Inc. to moving beyond traditional practices to a more technical approach?"A.

Question 41: The current legislative requirement challenge that may have an impact on TS inc's recruitment and selection practices is "human rights, privacy, and security issues."

Recruitment and selection are important functions that are performed by an organization to hire skilled and talented employees. The scenario describes that the president of TS Inc. wants to utilize staffing social networking technologies to ensure the success of recruitment and selection. This is important because recruitment is the first step in the hiring process. If the recruitment process is not well-planned and does not include the right resources and technology, the company might lose potential candidates.

Similarly, the selection process is also very important, as it allows an organization to select the best candidates for a particular job position.The answer to the given questions is as follows:D. Question 37: TS Inc.'s goal for recruitment is "to find and screen job applicants."D.

Question 38: TS Inc.'s goal for selection is "to choose aviation candidates from an applicant pool."C.

Question 39: What would indicate that the recruitment and selection process has been successful at TS Inc.? "the process is valid and reliable."B.

Question 40: A critical initial question that one would want to ask to assess TS Inc.'s recruitment and selection practices is "How ready and committed is TS Inc. to moving beyond traditional practices to a more technical approach?"A.

Question 41: The current legislative requirement challenge that may have an impact on TS inc's recruitment and selection practices is "human rights, privacy, and security issues."

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The price of natural gas will increase by approximately 28.03% when one pipeline breaks.

To determine the price increase resulting from a pipeline break, we need to consider the price elasticities of supply and demand.

The price elasticity of supply (Es) measures the responsiveness of the quantity supplied to a change in price. In this case, the price elasticity of supply is given as 0.70.

The price elasticity of demand (Ed) measures the responsiveness of the quantity demanded to a change in price. Here, the price elasticity of demand is given as 0.55.

When one pipeline breaks, the supply of natural gas to the city is reduced. As a result, the quantity supplied decreases. This reduction in supply will lead to an increase in price.

To calculate the magnitude of the price increase, we can use the formula:

Price Increase = (Es / (Es + Ed)) * Percentage Change in Supply

Since both pipelines supply half the city's natural gas, the percentage change in supply will be 50% (or 0.50).

Using the given values:

Price Increase = (0.70 / (0.70 + 0.55)) * 0.50

Price Increase ≈ 0.5606 * 0.50

Price Increase ≈ 0.2803 or 28.03%

Therefore, the price of natural gas will increase by approximately 28.03% when one pipeline breaks.

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The research evidence indicates that employees are happier working for a company that provides them with opportunities to contribute to environmental sustainability.

Several reasons account for this. For starters, employees that work for companies that encourage sustainability initiatives feel a sense of purpose and accomplishment. Additionally, these activities create an opportunity for teamwork and collaboration, promoting social interaction and motivation.

As part of a positive social duty, companies are more focused on implementing sustainable practices. Employees are now getting more connected to the idea of sustainability and are looking for businesses that share their values. Implementing green business methods provides an ideal method to boost employee engagement. It is significant to get employees interested in sustainability for its own sake since the company will achieve maximum engagement with it. Engaged employees are vital because they are more productive, take less time off, and are more innovative than disengaged employees.

This type of initiative has many benefits for the company and its employees, including creating a positive image for the company and boosting employee morale and productivity.

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The earnings of the us firm's subsidiary in japan, which is yen 2.4 billion, would be equivalent to usd 24 million at the given exchange rate.

the earnings in us dollars would be usd 2.4 million.

to calculate the earnings in us dollars, we need to convert the yen 2.4 billion to usd using the exchange rate provided in the table. since the question does not mention the specific exchange rate, i'll assume you have provided the table separately.

let's assume the exchange rate from yen to usd is 100 yen = 1 usd.

to convert yen 2.4 billion to usd, we divide the amount by the exchange rate:yen 2.4 billion / 100 = yen 24 million.

since the question specifically asks for earnings in usd million, we divide the yen 24 million by 1,000 to get the earnings in usd million:

yen 24 million / 1,000 = usd 24 million.

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A gap year is a time period when students take a break from their studies between high school and college, in order to explore personal interests and travel before starting their college education.

During this year, students can travel to different places to expand their cultural and educational understanding, or take part in professional internships to gain valuable work experience. Most gap years are taken between one’s academic years in high school and college. It can also give students the time and freedom to learn and grow on their own terms.

A gap year is a great way for students to deepen their knowledge and understanding of different cultures. The ability to travel and explore new places can offer students a great opportunity to gain a firsthand understanding of different cultures and beliefs. By observing a culture different from what they are used to, they can gain a deeper appreciation for the differences in cultures and customs.

Additionally, a gap year can also offer students the chance to work on specific goals, develop a skill, experience internships, and reconnect with themselves. Students can take this time to focus on their personal interests and passions. They can develop skills in their desired field and as a result be better prepared to pursue the college education that will fulfill these goals.

A gap year can be a great

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Part 1: Total Cost of Job A23 = $43,575.

Part 2: Materials Inventory $192,000 Accounts Payable $192,000 (To record materials purchases on account)

Part 1: Schedule showing the individual cost elements and total cost for each job in item 7. Calculation of Manufacturing Overhead for each job are given below:

Job A20 Direct Material Cost = $5,200

Job A20 Direct labor Cost = $7,860

Manufacturing Overhead Costs Incurred on Job A20 = (90/100) x $7,860 = $7,074

Total Cost of Job A20 = $5,200 + $7,860 + $7,074 = $20,134

Job A21 Direct Material Cost = $10,100

Job A21 Direct labor Cost = $10,810

Manufacturing Overhead Costs Incurred on Job A21 = (90/100) x $10,810 = $9,729

Total Cost of Job A21 = $10,100 + $10,810 + $9,729 = $30,639

Job A23 Direct Material Cost = $14,220

Job A23 Direct labor Cost = $15,450

Manufacturing Overhead Costs Incurred on Job A23 = (90/100) x $15,450 = $13,905

Total Cost of Job A23 = $14,220 + $15,450 + $13,905 = $43,575

Part 2: Prepare entries to record the operations summarized above. (List all debit entries before credit entries. Credit account quantities are automatically indented when the amount is entered. Do not indent manually)

No. Account Titles and Explanation Debit Credit

1 Materials Inventory $192,000 Accounts Payable $192,000 (To record materials purchases on account)

2 Work in Process Inventory:

Job A20

Job A21

Job A23 $5,200

$10,100

$14,220

Raw Materials Inventory

Raw Materials Inventory

Raw Materials Inventory (To record materials put into production)

3 Manufacturing Overhead $14,472

Raw Materials Inventory $5,200

Work in Process Inventory: Job A20 $7,860

Work in Process Inventory: Job A21 $10,810

Work in Process Inventory: Job A23 $15,450 (To record labor put into production and Manufacturing Overhead on jobs)

4 Manufacturing Overhead $49,500 Accounts Payable $49,500 (To record Manufacturing Overhead costs incurred on account)

5 Manufacturing Overhead $14,540 Accumulated Depreciation - Factory Equipment $14,540 (To record Depreciation on factory equipment)

6 Manufacturing Overhead $14,340 Accumulated Depreciation - Building $14,340 (To record Depreciation on the building)

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Cost Pool Activity RateCaring for lawn per square feet of lawn $0.20Caring for garden bedslow maintenance per square feet of low maintenance beds $0.30Caring for garden beds-high maintenance per square feet of high maintenance beds $1.00Travel to jobs per mile $4.00Customer billing and service per customer $100.

Given thatActivity Cost Pool Activity Rate Caring for lawn per square feet of lawn Caring for garden bedslow maintenance per square feet of low maintenance beds Caring for garden beds-high maintenance per square feet of high maintenance beds Travel to jobs per mile Customer billing and service per customer.

To compute the activity rate for each of the activity cost pools, we need to divide the total cost by the total number of activities.Activity Cost Pool  Activity RateCaring for lawn  $50,000 / 250,000 sq. ft = $0.20 per sq. ftCaring for garden beds-low maintenance  $15,000 / 50,000 sq. ft = $0.30 per sq. ftCaring for garden beds-high maintenance  $25,000 / 25,000 sq. ft = $1.00 per sq. ftTravel to jobs  $10,000 / 2,500 miles = $4.00 per mileCustomer billing and service  $20,000 / 200 customers = $100 per customer.

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a. If the stock price drops to $38.15 per share before cancellation of the limit order, the order will be executed, and you will purchase 100 shares of Sallisaw Tool at the lower price.

b. If the stock price drops to $37.00 per share, the limit order will be executed, and you will buy 100 shares at your desired price of $37.00 per share.

c. If the minimum stock price achieved before cancellation of the limit order was $37.69, and the stock was selling for $46.12 per share when the order was canceled, the order would not be executed since the stock price did not reach your desired limit of $37.00 per share.

A limit order is an instruction to buy or sell a stock at a specified price or better. In the given scenario, you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $37.00, which is lower than the current market price of $39.09.

In situation a, if the stock price drops to $38.15 per share before the cancellation of the limit order, the order will be executed since the price is still higher than your desired limit price of $37.00 per share. You will be able to purchase 100 shares at the lower price of $38.15 per share.

In situation b, if the stock price drops to exactly $37.00 per share, the limit order will be executed immediately, and you will acquire 100 shares of Sallisaw Tool at your desired price.

In situation c, even though the stock price drops to a minimum of $37.69, the limit order is not executed because it did not reach or fall below your specified limit price of $37.00 per share. Therefore, you would not have purchased any shares, and the order would be canceled.

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The correct statement is: investment banks buy securities from business and sell them to investors, while commercial banks pool money from investors to invest in stocks, bonds, and real estate, while investment banks do not.

investment banks buy securities from businesses and sell them to investors, while commercial banks pool money from investors to invest in stocks, bonds, and real estate, while investment banks do not.

the main difference between investment banks and commercial banks lies in their core activities and the way they operate in the financial industry.

investment banks primarily focus on facilitating financial transactions in the capital markets. they act as intermediaries between businesses that issue securities (such as stocks and bonds) and investors looking to purchase these securities. investment banks buy securities from businesses and then sell them to investors, earning profits through underwriting fees, commissions, and trading activities. investment banks do not typically pool money from investors to directly invest in stocks, bonds, or real estate.

on the other hand, commercial banks are more involved in traditional banking activities, such as accepting deposits from customers and providing loans. commercial banks gather money from depositors and use those funds to extend loans to borrowers for various purposes, including personal loans, mortgages, and business financing. while commercial banks may invest in securities, including stocks and bonds, they primarily utilize their deposit base to fund loans and maintain liquidity.

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As a marketing consultant for a specialty coffee bistro and bakery, your role is to determine the breakeven point and make recommendations for changes in one or more of the 4 P's: product, price, promotion, and place.

In order to determine the breakeven point, you would analyze the current financials of the business, including costs, revenue, and expenses. This calculation helps identify the level of sales needed to cover all costs and start generating a profit.

After determining the breakeven point, you can evaluate the 4 P's of the marketing mix to identify areas for improvement. For the product, you might consider introducing new menu items or enhancing the existing offerings based on customer preferences. Price adjustments can be made to ensure profitability while remaining competitive. Promotional strategies can be refined to increase brand awareness and attract more customers. Lastly, the place or distribution channels can be optimized to reach the target market effectively.

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You will need to have approximately $120,754.14 available at age 18 to pay for all four years of your child's undergraduate education.

a. to calculate the amount of money needed to pay for all four years of your child's undergraduate education, we need to find the future value of the college costs.

given:college costs per year = $25,500

annual increase rate = 6.5%interest rate on savings = 7%

time period = 18 years (from the child's birth to 18th birthday)

we can use the future value formula with regular deposits:

future value = p * ((1 + r)ⁿ - 1) / r

where:p = annual college costs

r = interest rate on savings n = number of years

for each year, the annual college costs will be increased by 6.5%.

using the formula, we can calculate the future value:

future value = $25,500 * ((1 + 0.065)⁴ - 1) / 0.065 ≈ $120,754.14 b. to determine the amount you need to save every year until your child's 18th birthday, we can use the formula for regular deposits:

payment = future value * (r / ((1 + r)ⁿ - 1))

where:

future value = $120,754.14 (calculated in part a)r = interest rate on savings

n = number of years

since the first savings payment is made on your child's first birthday (time-1), and the last one is on your child's 18th birthday (time = 18), the number of years is 18 - 1 + 1 = 18.

using the formula, we can calculate the annual savings payment:

payment = $120,754.14 * (0.07 / ((1 + 0.07)¹⁸ - 1)) ≈ $4,046.41

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The reported acquisition cost for Poppy Corporation would be $60,500,000. This includes the fair value of the shares given to the owners of Stevens, which is calculated as 1,000,000 shares * $60 per share = $60,000,000.

In addition, the cash registration fees of $50,000 and consulting fees of $500,000 are also included in the acquisition cost. However, the present value of the additional payment agreement for the former owners, which is $300,000, is not included in the reported acquisition cost. Therefore, the total reported acquisition cost is $60,000,000 + $50,000 + $500,000 = $60,550,000. Rounded to the nearest hundred thousand, the reported acquisition cost is $60,500,000. So, the correct answer is a. $60,500,000.

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Answer:

ethics and piracy if not let me know

During times of peak demand, service marketers may need to consider de-marketing, which involves reducing demand for a product or service. In the case of a night club, there are several strategies that can be used to achieve this:

1. Adjust pricing: Increase ticket prices during peak demand to discourage attendance and manage crowd size. This can be done through tiered pricing or implementing cover charges.
2. Implement reservation systems: By requiring customers to make reservations in advance, the club can control the number of attendees and avoid overcrowding.
3. Limit access: Restrict entry to members or VIP guests only, which can reduce demand from the general public.
4. Time-limited promotions: Offer discounted entry or drink specials during off-peak hours to incentivize customers to visit at less busy times.
5. Collaborate with other venues: Partner with nearby businesses to offer joint promotions or events, diverting some demand away from the night club.
6. Advertise alternative options: Promote alternative entertainment options during peak times, such as live music events or themed parties, which can help spread demand across different venues.
By implementing these strategies, service marketers can effectively reduce demand for a night club during peak periods. This can help maintain a safe and enjoyable experience for customers while optimizing revenue for the business.

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To determine the L, C point that gives maximum utility on each budget, we need to consider the shape of the budget constraint. The budget constraint shows the different combinations of labor (L) and capital (C) that can be purchased at a given budget.

To find the point that maximizes utility, we need to find the combination of L and C that lies on the budget constraint and maximizes the utility function. The utility function represents the satisfaction or benefit derived from consuming goods or services.
To determine the amount of labor supplied at each budget, we need to find the corresponding L, C point on the budget constraint that maximizes utility. This can be done by analyzing the trade-off between L and C and finding the point that gives the highest utility within the budget constraint.

The specific amount of labor supplied at each budget will depend on the shape of the budget constraint and the specific utility function. Without further information, it is not possible to determine the exact amount of labor supplied at each budget. However, by analyzing the budget constraint and utility function, you can determine the combination of L and C that gives maximum utility at each budget.

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a) To prepare journal entries for each of the transactions, we would need specific details regarding the transactions in question. Please provide the necessary information so that I can assist you further.

b) To calculate Ending Retained Earnings, you would need to consider the net income or net loss for the period, any dividends declared and paid, and the beginning retained earnings balance. The formula is:

Ending Retained Earnings = Beginning Retained Earnings + Net Income (or - Net Loss) - Dividends

c) To prepare the Stockholders' Equity section of the Balance Sheet in a good format, you would generally include the following items:

1. Common Stock: The par value or stated value of the common stock issued.
2. Additional Paid-in Capital: Any amount received in excess of the par value from issuing common stock.
3. Retained Earnings: The accumulated earnings or losses of the company, including net income or loss and dividends.
4. Treasury Stock: The cost of any company-owned shares of stock.
5. Accumulated Other Comprehensive Income: The cumulative effect of certain gains and losses that are not included in net income.

Please note that the specific details and formatting may vary depending on the accounting standards and regulations applicable to your situation.

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Number of cups of regular coffee is 4,021 cups. Number of cups of lattes is 2,681 cups.

To calculate the number of cups of regular coffee and lattes that Rio Coffee Shoppe must sell to break even, we need to consider the contribution margin per cup for each type of drink.

Contribution margin per cup = Sales price per cup - Variable cost per cup

For regular coffee:

Contribution margin per cup of regular coffee = $1.70 - $0.70 = $1.00

For latte:

Contribution margin per cup of latte = $2.70 - $1.30 = $1.40

Total contribution margin = (Contribution margin per cup of regular coffee * Number of cups of regular coffee) + (Contribution margin per cup of latte * Number of cups of lattes)

Since the manager knows that the store sells 60% regular coffee and 40% lattes, we can express the number of cups of regular coffee and lattes in terms of a single variable, let's call it 'x':

Number of cups of regular coffee = 0.6x

Number of cups of lattes = 0.4x

Substituting these values into the total contribution margin equation, we get,

Total contribution margin = ($1.00 * 0.6x) + ($1.40 * 0.4x)

To break even, the total contribution margin must be equal to the fixed costs:

Total contribution margin = Fixed costs

($1.00 * 0.6x) + ($1.40 * 0.4x) = $7,772

Now we can solve for 'x' to find the number of cups of regular coffee and lattes that Rio Coffee Shoppe must sell to break even:

0.6x + 0.56x = $7,772

1.16x = $7,772

x = $7,772 / 1.16

x ≈ 6,701.72

Since we cannot sell fractional cups, we round up to the nearest whole number.

Requirement 1: The number of cups of regular coffee Rio must sell every month to break even is approximately 6,702 cups.

Number of cups of regular coffee = 0.6 * 6,702 ≈ 4,021 cups

Requirement 2: The number of cups of lattes Rio must sell every month to break even is approximately 6,702 cups.

Number of cups of lattes = 0.4 * 6,702 ≈ 2,681 cups

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To estimate the time when the monthly payment is divided evenly between interest and principal reduction, we can solve for the variable t using the given formulas.

For the 30-year mortgage:
Monthly payment (M) = $839.06
Principal (P) = $120,000
Interest rate (r) = 7½% or 0.075
Time in years (t) = ?
To find t, we can use the formula:
M = (−P/12) * (1 + r/12)^(12t)
839.06 = (−120000/12) * (1 + 0.075/12)^(12t)

Similarly, for the 20-year mortgage:
Monthly payment (M) = $966.71
Principal (P) = $120,000
Interest rate (r) = 7½% or 0.075
Time in years (t) = ?
To find t, we can use the same formula:
M = (−P/12) * (1 + r/12)^(12t)
966.71 = (−120000/12) * (1 + 0.075/12)^(12t)

Solving these equations will give us the estimated time (t) when the monthly payment is divided evenly between interest and principal reduction for both the 30-year and 20-year mortgages. Make sure to show your work and round your results to three decimal places if necessary.

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The statement of cash flows is an important financial statement that is used by investors and creditors to determine a company's financial health.

MUELLER COMPANY Statement of Cash Flows For Year Ended December 31, 2016

Operating Activities:

Net income $68,000

Adjustments for differences between income flows and cash flows from operating activities:

Add: Depreciation expense $11,300

Less: Bond discount amortization $2,700

Less: Increase in accounts receivable $4,400

Less: Increase in inventories $10,300

Less: Increase in income taxes payable $3,500

Add: Decrease in accounts payable $2,900

Net cash provided by operating activities $61,300

Investing Activities:

Payment for purchase of building $65,000

Payment for purchase of equipment $8,000

Payment for purchase of land $9,700

Net cash used in investing activities $82,700

Financing Activities:

Receipt from sale of common stock $12,300

Receipt from sale of preferred stock $20,000

Payment of dividends $24,500

Net cash provided by financing activities $7,800

Net increase in cash $13,400

Beginning cash balance $18,000

Ending cash balance $31,400

Statement of cash flows is a financial statement that is used to show a company's inflows and outflows of cash. The statement of cash flows is divided into three main parts:

Operating activities: Operating activities are the activities that a company engages in to generate revenue.

Investing activities: Investing activities are the activities that a company engages in to buy or sell fixed assets or long-term investments.

Financing activities: Financing activities are the activities that a company engages in to raise or pay off debt, or to issue or buy back stock.

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