To calculate the expected cash collections for December, merchandise purchases for December, disbursements related to merchandise purchases in December, ending cash balance in December, and income for December, there is a need to analyze the provided data and apply the given percentages and formulas.
Calculating each of these figures:
Expected Cash Collections for December:Collections for November sales: $250,000 (90% collected in the month of sale) = $225,000
Collections for December sales: $200,000 (5% collected in the month following the sale) = $10,000
Uncollectible: 5% of total sales = 5% * ($250,000 + $200,000)
= $22,500
Total expected cash collections for December: $225,000 + $10,000 - $22,500
= $212,500
Merchandise Purchases for December:Cost of goods sold for December: $250,000 (sales for December) * 65% = $162,500
Purchases in the month prior to the month of sale: $162,500 * 80%
= $130,000
Purchases in the month of sale: $162,500 * 20% = $32,500
Total merchandise purchases for December: $130,000 + $32,500
= $162,500
Disbursements Related to Merchandise Purchases in December:Payments for purchases in the month of purchase: $130,000 * 25%
= $32,500
Payments for purchases in the following month: $32,500 * 75%
= $24,375
Total disbursements related to merchandise purchases in December: $32,500 + $24,375 = $56,875
Ending Cash Balance in December:Beginning cash balance in December: $40,000
Total cash receipts in December: Cash collections - Cash payments
Total cash receipts in December: $212,500 - $56,875 = $155,625
Ending cash balance in December: Beginning cash balance + Total cash receipts
Ending cash balance in December: $40,000 + $155,625 = $195,625
Income for December:Sales for December: $250,000
Cost of goods sold for December: $250,000 * 65% = $162,500
Other monthly expenses: $22,800
Depreciation: $20,900
Income for December: Sales - Cost of goods sold - Other expenses - Depreciation
Income for December: $250,000 - $162,500 - $22,800 - $20,900 = $43,800
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Assume that you are selling a complete line of weather-resistant patio, pool, and deck furniture to a large hotel to replace all its current furniture. The total cost will be $275,000. You expect that repairs/replacements will drop by $19,000 a year over the next 10 years. At the outfitter's cost of capital, the discounted cash inflows have a value today of $335,000. Use this information to calculate the following: 1. Return on investment. 2. Payback period. 3. Net present value.
1. The return on investment for the weather-resistant furniture line is 21.82%, indicating the percentage return relative to the initial investment of $275,000.
2. The payback period for the furniture line is approximately 6.32 years, representing the time it takes for the discounted cash inflows to recover the initial investment.
3. The net present value of the project is $60,000, indicating the value today of the discounted cash inflows minus the initial investment.
1. Return on Investment (ROI): The ROI is calculated by dividing the net profit (discounted cash inflows minus the initial investment) by the initial investment and expressing it as a percentage:
ROI = (Net Profit / Initial Investment) x 100
Net Profit = Discounted Cash Inflows - Initial Investment
Net Profit = $335,000 - $275,000 = $60,000
ROI = ($60,000 / $275,000) x 100 = 21.82%
2. Payback Period: The payback period represents the time required for the discounted cash inflows to recover the initial investment. We can calculate it by dividing the initial investment by the annual cash inflow:
Payback Period = Initial Investment / Annual Cash Inflow
Annual Cash Inflow = (Discounted Cash Inflows - Initial Investment) / Number of Years
Annual Cash Inflow = ($335,000 - $275,000) / 10 = $6,000
Payback Period = $275,000 / $6,000 ≈ 6.32 years
3. Net Present Value (NPV): The NPV calculates the value today of the discounted cash inflows minus the initial investment. It provides an indication of the project's profitability:
NPV = Discounted Cash Inflows - Initial Investment
NPV = $335,000 - $275,000 = $60,000
Therefore, the net present value of the project is $60,000.
the weather-resistant furniture line has a return on investment of 21.82%, a payback period of approximately 6.32 years, and a net present value of $60,000. These metrics suggest that the investment is financially viable and has the potential to generate positive returns.
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Assess the social and cultural proximity for new product in
India and Sweden
The assessment of social and cultural proximity for a new product in India and Sweden should consider factors such as demographics, language, culture, market trends, and consumer behavior.
Social and cultural proximity for a new product in India and Sweden can be assessed in several ways. The primary focus should be on understanding the cultural differences and similarities between the two countries. Here are some factors that can be considered:1. Demographics: The demographic profiles of India and Sweden are vastly different. India is a developing country with a large population, while Sweden is a developed country with a much smaller population. Therefore, the marketing strategy for a new product in India will be different from that in Sweden.2. Language: English is widely spoken in India, while Swedish is the official language of Sweden. Therefore, companies looking to introduce a new product in Sweden may need to consider translating their marketing materials into Swedish.3. Culture: India is a country with a rich cultural heritage, while Sweden has a more modern and liberal culture. Therefore, the marketing strategy for a new product in India may need to take into account cultural sensitivities, while in Sweden, a more straightforward and modern approach may be more effective.4. Market Trends: The market trends in India and Sweden are different. In India, there is a growing middle class, while in Sweden, the market is mature and established. Therefore, companies looking to introduce a new product in India may need to focus on affordability, while in Sweden, the focus may be on quality and innovation.5. Consumer Behavior: Consumer behavior in India and Sweden can be vastly different. Indians tend to be more price-sensitive, while Swedes tend to value quality and sustainability. Therefore, companies need to consider these factors when developing their marketing strategies for a new product in India and Sweden.
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Depreciation by Three Methods; Partial Years Perdue Company purchased equipment on April 1 for $54,540. The equipment was expected to have a useful life of three years, or 3,780 operating hours, and a residual value of $1,620. The equipment was used for 700 hours during Year 1, 1,300 hours in Year 2, 1,100 hours in Year 3, and 680 hours in Year 4. Required: Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line mathed, (b) units-of-output method, and (c) the double-declining balance method. Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-output method Year Amount Year 1 Year 2 Year 3 Year 4 c. Double-declining balance method Year Amount Year 1 Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar. a. Straight-line method Year Amount Year 1 Year 2 Year 3 Year 4 b. Units-of-output method Year Amount Year 1 Year 2 Year 3 Year 4 c. Double-declining-balance method Year Amount Year 1 Year 2 oll Year 3 Year 4
The amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4 can be calculated as follows:
(a) Straight-line method: Year 1 - $17,640, Year 2 - $17,640, Year 3 - $17,640, Year 4 - $0
(b) Units-of-output method: Year 1 - $14,453, Year 2 - $26,878, Year 3 - $22,398, Year 4 - $13,811
(c) Double-declining balance method: Year 1 - $23,360, Year 2 - $13,536, Year 3 - $7,837, Year 4 - $0
To calculate the depreciation expense using different methods, we need to consider the useful life, residual value, and actual usage of the equipment for each year.
(a) Straight-line method: In this method, the depreciation expense is evenly allocated over the useful life of the equipment. The annual depreciation expense is calculated as (Cost - Residual Value) / Useful Life. For each year, the depreciation expense is $17,640.
(b) Units-of-output method: This method allocates the depreciation expense based on the actual usage of the equipment. The depreciation rate per unit is calculated as (Cost - Residual Value) / Total Expected Units. The depreciation expense for each year is calculated by multiplying the depreciation rate per unit by the actual units of usage. The depreciation expense for Year 1 is $14,453, Year 2 is $26,878, Year 3 is $22,398, and Year 4 is $13,811.
(c) Double-declining balance method: This method applies a higher depreciation rate in the early years and decreases it over time. The depreciation rate is twice the straight-line rate. The depreciation expense for each year is calculated as (Book Value at the Beginning of the Year) * (Double the Straight-line Rate). The depreciation expense for Year 1 is $23,360, Year 2 is $13,536, Year 3 is $7,837, and Year 4 is $0. These calculations determine the depreciation expense for each year using the straight-line method, units-of-output method, and double-declining balance method based on the given information about the equipment's cost, useful life, residual value, and actual usage in each year.
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if CCL company canada supply its plastic and raisins
products to India. will it be a good or bad decision for the
company? Explain by doing a SWOT analysis with latest statics and
examples and referen
Supplying plastic and raisin products to India for CCL Company Canada should be considered a good decision based on a SWOT analysis considering the latest statistics and examples.
Strengths:
1. Diversification: Expanding into the Indian market allows CCL Company Canada to diversify its customer base and reduce reliance on a single market.
2. Expertise: The company's experience in manufacturing plastic and raisin products provides a competitive advantage in meeting Indian market demands.
3. Cost advantage: Canada's competitive manufacturing costs and advanced technology can potentially give CCL an edge in pricing.
Weaknesses:
1. Market competition: The Indian market may already have established local and international competitors, making it challenging to gain market share.
2. Supply chain complexities: International logistics and distribution may pose challenges and increase costs.
Opportunities:
1. Growing market: India has a large and expanding population, offering a significant customer base for CCL's products.
2. Increasing demand for plastic products: India's rising consumption of plastic goods presents an opportunity for CCL to tap into a growing market segment.
Threats:
1. Regulatory hurdles: Compliance with Indian regulations, import/export restrictions, and customs procedures may pose challenges.
2. Economic factors: Currency fluctuations, trade barriers, and economic instability can impact profitability.
In conclusion, considering the strengths, opportunities, weaknesses, and threats, expanding into the Indian market with plastic and raisin products can be a good decision for CCL Company Canada. However, a detailed analysis of the market, competition, and regulatory landscape is necessary to mitigate potential risks and ensure successful market entry.
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In making strategic purchasing decisions in business, we study the relationship between the market supply of an item and the price of the item charged by the suppliers. Suppose that for a particular product the number x of units available and the price p per unit demanded by the suppliers satisfy the following relationship:
−2x + 35p = 7000
a) If possible, express the supply as a function of the price and determine its domain. Explain briefly what each of them represent in the context of the question. If it is not possible, explain why. b) If possible, express the price as a function of the supply and determine its domain. Explain briefly what each of them represent in the context of the question. If it is not possible, explain why.
a) The supply can be expressed as a function of the price using the equation x = (7000 - 35p) / -2. The domain of this function is x ≥ 0 and p ≥ 0.
b) The price can be expressed as a function of the supply using the equation p = (7000 + 2x) / 35. The domain of this function is x ≥ 0 and p ≥ 0.
a) To express the supply as a function of the price, we need to solve the equation −2x + 35p = 7000 for x.
Let's rearrange the equation:
−2x + 35p = 7000
−2x = 7000 - 35p
x = (7000 - 35p) / -2
The supply function is given by x = (7000 - 35p) / -2. In this context, the supply represents the number of units available for the particular product.
The price represents the price per unit charged by the suppliers. The domain of the supply function will depend on the practical constraints of the situation.
However, in this case, since we are dealing with a real-world scenario, we can assume that both x (number of units) and p (price per unit) are non-negative values. Therefore, the domain of the supply function would be x ≥ 0 and p ≥ 0.
b) To express the price as a function of the supply, we need to solve the equation −2x + 35p = 7000 for p.
Let's rearrange the equation:
−2x + 35p = 7000
35p = 7000 + 2x
p = (7000 + 2x) / 35
The price function is given by p = (7000 + 2x) / 35. In this context, the price represents the price per unit charged by the suppliers. The supply represents the number of units available for the particular product. The domain of the price function will depend on the practical constraints of the situation.
However, in this case, since we are dealing with a real-world scenario, we can assume that both x (number of units) and p (price per unit) are non-negative values. Therefore, the domain of the price function would be x ≥ 0 and p ≥ 0.
a) The supply can be expressed as a function of the price using the equation x = (7000 - 35p) / -2. The domain of this function is x ≥ 0 and p ≥ 0.
b) The price can be expressed as a function of the supply using the equation p = (7000 + 2x) / 35. The domain of this function is x ≥ 0 and p ≥ 0.
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Intro
Global Mickey Inc. has 27 million shares outstanding and a market capitalization of $2,028.24 million. The company plans to distribute $200 million to shareholders by repurchasing its own shares at the current market price. Assume perfect capital markets (ignore taxes and signalling effects).
Part 1 | Attempt 1/5 for 2 pts. What should be the stock price just before the repurchase?
Part 2 How many shares will the company repurchase (in million)?
Part 3 What should be the stock price right after the repurchase?
Part 1:
To calculate the stock price just before the repurchase, we need to subtract the amount to be distributed ($200 million) from the market capitalization and divide it by the number of shares outstanding.
Stock price just before repurchase = (Market capitalization - Amount distributed) / Number of shares outstanding
Given:
Market capitalization = $2,028.24 million
Amount distributed = $200 million
Number of shares outstanding = 27 million
Stock price just before repurchase = ($2,028.24 million - $200 million) / 27 million
Stock price just before repurchase = $1828.24 million / 27 million
Stock price just before repurchase ≈ $67.70
Part 2:
To calculate the number of shares the company will repurchase, we need to divide the amount to be distributed ($200 million) by the stock price just before the repurchase.
Number of shares repurchased = Amount distributed / Stock price just before repurchase
Number of shares repurchased = $200 million / $67.70
Number of shares repurchased ≈ 2.95 million
Part 3:
To calculate the stock price right after the repurchase, we need to subtract the amount distributed ($200 million) from the market capitalization and divide it by the new number of shares outstanding.
New market capitalization = Market capitalization - Amount distributed
New number of shares outstanding = Number of shares outstanding - Number of shares repurchased
Stock price right after repurchase = New market capitalization / New number of shares outstanding
Given:
Market capitalization = $2,028.24 million
Amount distributed = $200 million
Number of shares outstanding = 27 million
Number of shares repurchased = 2.95 million
New market capitalization = $2,028.24 million - $200 million
New number of shares outstanding = 27 million - 2.95 million
Stock price right after repurchase = (New market capitalization) / (New number of shares outstanding)
Stock price right after repurchase = ($1,828.24 million) / (24.05 million)
Stock price right after repurchase ≈ $75.98
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Which of the following attributes is NOT for lean operations? O Empower employees O Focus on value added operations O Develop collaborative partnerships with suppliers O Build processes that increase variability O Develop worker flexibility
Attributes of lean operations include empowering employees, focusing on value-added operations, developing collaborative partnerships with suppliers, and fostering worker flexibility.
The attribute that is NOT for lean operations is to build processes that increase variability.What is lean operations?Lean operations refer to a set of manufacturing processes and business practices developed to reduce waste while maximizing productivity. It involves identifying and eliminating all forms of waste in the production process and streamlining operations. Lean operations are characterized by a strong focus on value-added activities, continuous improvement, and employee empowerment.What are the attributes of lean operations?The attributes of lean operations include:Empower employeesFocus on value-added operationsDevelop collaborative partnerships with suppliersDevelop worker flexibilityHowever, building processes that increase variability is not an attribute of lean operations. Instead, lean operations involve building processes that minimize variability to ensure consistent quality and reduce the risk of errors or defects.
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The following table provides income quintiles for Country A. Calculate the cumulative share of income in the first three quintiles. If necessary, round any intermediate calculations and your final answer to two decimal places.
Income Category Income (in millions)
First quintile $20
Second quintile $40
Third quintile $70
Fourth quintile $120
Fifth quintile $150
The cumulative share of income in the first three quintiles is approximately 0.325 or 32.5%.
To calculate the cumulative share of income in the first three quintiles, we need to add up the incomes of the first, second, and third quintiles and then divide it by the total income.
Total income = $20 + $40 + $70 + $120 + $150 = $400
Cumulative share of income in the first three quintiles = (Income of first quintile + Income of second quintile + Income of third quintile) / Total income
Cumulative share of income in the first three quintiles = ($20 + $40 + $70) / $400
Cumulative share of income in the first three quintiles = $130 / $400
Cumulative share of income in the first three quintiles ≈ 0.325
Therefore, the cumulative share of income in the first three quintiles is approximately 0.325 or 32.5%.
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3. True or false? Briefly explain. "Free trade is beneficial
because it rotates a country’s production possibility frontier
(PPF) outward."
True. Free trade is beneficial because it rotates a country's production possibility frontier (PPF) outward.
In economics, production possibility frontier (PPF) refers to the limit at which an economy can produce goods and services efficiently. A production possibility frontier (PPF) is a graphical representation of the maximum amount of one good that can be produced for each possible level of production of the other good. Free trade can be defined as a policy in which countries import and export goods and services without any restrictions. When a country engages in free trade, it enjoys an opportunity to trade with other countries and exchange products and services efficiently. By doing so, the production possibility frontier (PPF) rotates outward, thereby increasing a country's total production capacity. The production possibility frontier (PPF) rotates outward because free trade enables countries to specialize in producing goods and services that they can produce efficiently.
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Which two types of accounts are used when a lease is recorded by the lessee (user)? 9 Multiple Choice 01:28:23 An expense and an asset An expense and a liability A revenue and an expense O An asset and a liability
The correct answer is: An expense and an asset. When a lease is recorded by the lessee (user), the lessee uses an expense account. Additionally, the lessee recognizes the leased asset as a long-term asset on their books.
1. Expense Account: The lessee recognizes lease expenses over the term of the lease. These expenses are typically recorded under an expense account, such as "Lease Expense" or "Rent Expense." The lessee incurs these expenses as a cost for utilizing the leased asset.
2. Asset Account: The lessee also records the leased asset on their books. The leased asset is recognized as a long-term asset, such as "Leasehold Improvements" or "Leased Equipment." The lessee recognizes the value of the leased asset as it gains the right to use it for the duration of the lease agreement.
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Prepare an argument for and against this statement: "Organizations should use search engine marketing (SEM) instead of search engine optimisation (SEO)." For: Against:
Argument For: "Organizations should use search engine marketing (SEM) instead of search engine optimization (SEO)."
Immediate Visibility: SEM allows organizations to achieve immediate visibility in search engine results. By investing in paid search ads, organizations can secure top positions on search engine result pages (SERPs) and ensure their website or product is prominently displayed to potential customers. This immediate visibility can be crucial for new businesses or those seeking to promote time-sensitive offers, events, or campaigns.
Targeted Advertising: SEM provides highly targeted advertising capabilities. Organizations can select specific keywords, demographics, locations, and other criteria to target their ads to relevant audiences. This level of precision enables organizations to reach customers who are actively searching for products or services similar to what they offer. SEM campaigns can be optimized to maximize return on investment (ROI) by focusing on high-converting keywords and demographics.
Flexible Budgeting: SEM allows organizations to set and control their advertising budget effectively. Unlike SEO, which involves a long-term and often unpredictable investment, SEM campaigns can be easily adjusted and scaled based on budget constraints or campaign performance. Organizations can allocate their advertising spend based on their goals, ensuring they have control over their marketing expenses and can measure the direct impact of their investment.
Argument Against: "Organizations should not exclusively rely on search engine marketing (SEM) and should also utilize search engine optimization (SEO)."
Long-Term Sustainability: SEO focuses on optimizing the website's structure, content, and technical aspects to improve organic search rankings. While SEO efforts may take time to yield results, they can have a long-lasting impact. By investing in SEO, organizations can establish a solid online presence and generate continuous organic traffic without solely relying on paid advertising. Over time, the costs associated with SEO tend to decrease, making it a more sustainable long-term strategy.
Cost Efficiency: SEO can be more cost-efficient compared to SEM, especially in the long run. Once the initial optimization is in place, organizations can continue to benefit from organic traffic without incurring ongoing advertising costs. With SEM, organizations need to pay for each click or impression, which can quickly add up depending on the competitiveness of the keywords or industry. SEO provides a cost-effective way to generate traffic and leads over an extended period.
Credibility and Trust: Organic search results often carry more credibility and trust among users compared to paid ads. Many users skip or ignore paid ads altogether and focus on organic search results, considering them to be more relevant and trustworthy. Investing in SEO helps organizations build credibility and authority in their industry, enhancing their reputation and attracting organic traffic from users who value non-paid search results.
Comprehensive Online Presence: A holistic digital marketing strategy should encompass both SEM and SEO. While SEM can provide immediate visibility, SEO ensures a broader and more comprehensive online presence. By optimizing their website for organic search rankings, organizations can improve their visibility across multiple keywords, drive consistent traffic, and capture a larger share of the online market. Combining both strategies allows organizations to maximize their reach and increase their chances of success.
In conclusion, while SEM offers immediate visibility, targeted advertising, and flexible budgeting, organizations should not overlook the long-term sustainability, cost efficiency, credibility, and comprehensive online presence provided by SEO. A balanced approach that incorporates both SEM and SEO can help organizations achieve optimal results and maximize their online visibility, customer reach, and return on investment.
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Using the table below, determine how many locations each SKU should occupy in the forward area assuming that there are 30 available locations in the forward area, pallet restock takes 5 minutes, and 2 minutes are saved by picking from the forward area. Also, show the order of SKUs IF all SKUs were able to be assigned into the forward area. Indicate each SKU's initial bid (NOT benefit) for space in the forward area rounded to the tenth place. SKU Carton picks (p:) LT-Pallet Demand (d) Pallet Demand (D) Min (1) Max (u;) А 450 25 50 10 25 ਹਨ । B 300 30 60 10 30 C 150 10 15 5 15 D 200 20 50 10 20 E 600 75 100 15 30 SKU How many locations are occupied in the Forward Area? bi Order А B D E What's the total benefit gained by filling the 30 available locations in the forward area?
To determine how many locations each SKU should occupy in the forward area and the order of SKUs, we need to calculate the benefits for each SKU and assign locations based on those benefits. The benefits are calculated by dividing the LT-Pallet Demand (d) by the time saved per pick.
First, let's calculate the benefits for each SKU:
SKU A: Benefit = d / (p * 2) = 25 / (450 * 2) ≈ 0.0278
SKU B: Benefit = d / (p * 2) = 30 / (300 * 2) = 0.05
SKU C: Benefit = d / (p * 2) = 10 / (150 * 2) ≈ 0.0333
SKU D: Benefit = d / (p * 2) = 20 / (200 * 2) = 0.05
SKU E: Benefit = d / (p * 2) = 75 / (600 * 2) ≈ 0.0625
Next, let's sort the SKUs based on their benefits in descending order:
SKU E > SKU B > SKU D > SKU C > SKU A
Now, let's assign locations to the SKUs in the forward area until we reach the limit of 30 available locations:
SKU E: 30 locations (top priority)
SKU B: 10 locations
SKU D: 5 locations
SKU C: 5 locations
SKU A: 0 locations (lowest priority)
The total benefit gained by filling the 30 available locations in the forward area would be the sum of the benefits for each SKU occupying a location:
Total Benefit = Benefit of SKU E + Benefit of SKU B + Benefit of SKU D + Benefit of SKU C
Total Benefit = 30 * 0.0625 + 10 * 0.05 + 5 * 0.05 + 5 * 0.0333
Please note that the actual values in the table are required to provide precise calculations. The above calculations are based on the provided formula and assumptions.
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Compute Trade Receivables Turnover Ratio from the following: Opening Trade Receivables $ 45,000, Cash Received from Trade Receivables $ 3,15,000, Closing Trade Receivables $ 67,500, Sales Returns $ 22,500
The Trade Receivables Turnover Ratio is 5.6 times.
The Trade Receivables Turnover Ratio is calculated to measure how efficiently a company manages its credit policies.
It calculates the frequency with which the business collects the trade receivables from its debtors.
Here's how to calculate the Trade Receivables Turnover Ratio from the given data:
Trade Receivables Turnover Ratio = Net Credit Sales / Average Trade Receivables
Net Credit Sales = Total Sales - Sales ReturnsOpening Trade Receivables = $ 45,000
Cash Received from Trade Receivables = $ 3,15,000
Closing Trade Receivables = $ 67,500Sales Returns = $ 22,500
Step 1: Calculate Net Credit SalesTotal Sales = Cash Received from Trade Receivables + Sales Returns = $ 3,15,000 + $ 22,500 = $ 3,37,500
Net Credit Sales = Total Sales - Sales Returns = $ 3,37,500 - $ 22,500 = $ 3,15,000
Step 2: Calculate Average Trade Receivables
Average Trade Receivables = (Opening Trade Receivables + Closing Trade Receivables) / 2 = ($ 45,000 + $ 67,500) / 2 = $ 56,250
Step 3: Compute the Trade Receivables Turnover Ratio
Trade Receivables Turnover Ratio = Net Credit Sales / Average Trade Receivables= $ 3,15,000 / $ 56,250= 5.6 times
Hence, the Trade Receivables Turnover Ratio is 5.6 times.
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View Picis Current Attempt in Progress Gladow Corporation began operations in 2020 and has these transactions related to intangible assets is that year Purchased a patent (5-year Goodwill purchased as part of an acquisition of another company Acquired a 9-year franchio expiration date July 1, 2025 Determined that the recoverable amount of the potent and franchise to be $214.000 a $641.000 respectively. There was no indication that the goodwill was impaired Jan 2 Apr. 1 M1 Dec 31 Date Account Titles and Explanation Jan. 2 Apt. 1 -15 Prepare the necessary entries to record these intangibles. Assume all costs incurred were for cash On account ster automatically indented when the amount is entered. Do not indent manually if no entry is requiredt, select "No Entry for the account titles and enter O for the amounts Debit I Credit $364.000 SACR000 $400 Act 1 Jd. 1 (Part of the entry to record purchase of another company) eTextbook and Media List of Accounts Prepare any adjusting journal entries required at December 31, 2020. (Credit account sicles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Date Account Titles and Explanation Credit Dec. 31 (Amortization of Patent) Debit Question 9 of 9 Date Account Titles and Explanation Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 dusortization Pat Amortization of rand ngatment of Pe limpsement of Fenchel pent of Goodw Textbook and Media Credit SHI ^64 KO eTextbook and Media Dimpairment of Goodwill) List of Accounts Calculate the carrying amount at December 31, 2020 for each of the intangibles Patents Goodwill S Franchises $ $ eTextbook and Media) List of Accounts Save for Later Using multiple attempts will impact your score Attempts: 0 of 3 used S
Gladow Corporation engaged in several transactions related to intangible assets in the year 2020. They purchased a patent, acquired a franchise, and obtained goodwill as part of an acquisition. The recoverable amounts of the patent and franchise were determined to be $364,000 and $641,000, respectively, with no impairment of goodwill indicated. At December 31, 2020, the necessary entries were made to record these intangibles, and any adjusting journal entries required were also made. The carrying amounts at December 31, 2020, for each of the intangibles (patents, goodwill, and franchises) need to be calculated.
In 2020, Gladow Corporation engaged in various transactions related to intangible assets. They purchased a patent for $364,000, acquired a franchise with an expiration date of July 1, 2025, and obtained goodwill as part of an acquisition. The recoverable amounts of the patent and franchise were determined to be $364,000 and $641,000, respectively, indicating no impairment of goodwill.
To record these transactions, appropriate journal entries were made on the respective dates. For example, on January 2, the entry to record the purchase of the patent would include a debit to the Patent account for $364,000 and a credit to Cash for the same amount.
Additionally, at December 31, 2020, adjusting journal entries were made. The details of these entries are not provided in the question, but they would typically include adjustments for amortization or impairment. For instance, an adjusting entry may be made to amortize the patent over its useful life or to recognize any impairment of goodwill if it occurred.
To calculate the carrying amount of each intangible asset at December 31, 2020, the respective initial amounts need to be adjusted based on any amortization or impairment recorded during the year. The carrying amount is the original cost minus any accumulated amortization or impairment.
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How do IT communications support leaner, more efficient organizations?
A) By increasing collaborative efforts among all employees
B) By supporting shared activities between buyers and sellers
C) By providing better use of employee skills and greater efficiencies instead of resources
D) By allowing for more rapid exchange of information in the global market
E) By improving the management process
IT communications support leaner, more efficient organizations by providing better use of employee skills and greater efficiencies instead of resources.
The correct option is C. IT communications support leaner, more efficient organizations by providing better use of employee skills and greater efficiencies instead of resources. The focus of IT communication is to optimize employee skills, knowledge, and expertise by providing better communication and information-sharing systems that ultimately lead to increased productivity and better use of resources.
Furthermore, IT communication allows for better collaboration among employees, especially in today's digital era where information sharing is faster and more efficient. By improving communication and information sharing among employees, IT communication enables organizations to make more informed decisions, which in turn can lead to better performance.
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Homework: M3 Assignment 1 Question 2, Problem 12 Part 1 of 3 HW Score: 12.5%, 5 of 40 points O Points: 0 of 20 Save The number of heart surgeres performed at Heartvile General Hospital has increased steadily over the past several years. The hospita's administration is seeking the best method to forecast the demand for such surgeries in your 6.The data for the past five years are shown below Year Demand 7 3 4 16 The he's administration is considering the following forecasting methods Begin error measurement in year 3, so at methods are compared for the same years Expenental smoothing, with a-06. Let the ind forecast for year 1 be 42, the same as the actual demand & Exponential smoothing with a 09. Let the initial forecast for year 1 be 42, the same as the actual demand Trend projection with egression. In Two-year moving average Two-year weighted moving average, using weights 0.6 and 0.4, with the more recent data given more weight MA is the performance crtention chosen by the administration, which forecasting method should choose? Year Demand 1 42 2 50 3 53 4 55 5 58 The hospital's administration is considering the following forecasting methods. Begin error measurement in year 3, so all i. Exponential smoothing, with a = 0.6. Let the initial forecast for year 1 be 42, the same as the actual demand. ii. Exponential smoothing, with a = 0.9. Let the initial forecast for year 1 be 42, the same as the actual demand. iii. Trend projection with regression. iv. Two-year moving average. v. Two-year weighted moving average, using weights 0.6 and 0.4, with the more recent data given more weight. If MAD is the performance criterion chosen by the administration, which forecasting method should it choose? 3, so all methods are compared for the same year Exponential smoothing with a = 0.6 Exponential smoothing with a = 0.9 Trend projection with regression Two-year moving average Two-year weighted moving average e actual demand. e actual demand. iven more weight. it choose?
The administration of Heartvile General Hospital is seeking the best forecasting method for the demand of heart surgeries. They are considering exponential smoothing, trend projection with regression, two-year moving average, and two-year weighted moving average.
The administration of Heartvile General Hospital wants to determine the most suitable forecasting method for the demand of heart surgeries. The methods being considered are exponential smoothing with different values of α (0.6 and 0.9), trend projection with regression, two-year moving average, and two-year weighted moving average. To evaluate the performance of these methods, the Mean Absolute Deviation (MAD) is chosen as the performance criterion. MAD measures the average absolute difference between the forecasted values and the actual demand. By calculating the MAD for each method and comparing the results, the administration can determine which forecasting method provides the most accurate predictions for the demand of heart surgeries.
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tests of controls (TOC), substantive analytical procedures (AP), tests of details of transactions (TDT), or tests of details of account balances (TDB). Identify whether the following tests are tests of controls (TOC), substantive analytical procedures (AP), tests of details of transactions (TDT), or tests of details of account balances (TDB). 1) Select a sample of customer receivables and send positive confirmations to each custon 2) Examine monthly bank reconciliations for the internal auditors' initials indicating internal verification and review of the reconciliation. 3) Select a sample of entries in the sales journal and trace each to the shipping documents 4) Compute receivable turnover and compare with previous years. 5) For a sample of new customers, determine whether credit approval was properly administered and documented. 6) Compare the dates on a sample of sales invoices with the dates of shipment and the dates the transactions were recorded in the sales journal.
The correct matches are: Test of details of account balances (TDB), Test of controls (TOC), Test of details of transactions (TDT), Substantive analytical procedures (AP), Test of controls (TOC), Test of details of transactions (TDT).
Following are the tests of controls (TOC), substantive analytical procedures (AP), tests of details of transactions (TDT), or tests of details of account balances (TDB):
1) Select a sample of customer receivables and send positive confirmations to each customer: Test of details of account balances (TDB).
2) Examine monthly bank reconciliations for the internal auditors' initials indicating internal verification and review of the reconciliation: Test of controls (TOC).
3) Select a sample of entries in the sales journal and trace each to the shipping documents: Test of details of transactions (TDT).
4) Compute receivable turnover and compare with previous years: Substantive analytical procedures (AP).
5) For a sample of new customers, determine whether credit approval was properly administered and documented: Test of controls (TOC).
6) Compare the dates on a sample of sales invoices with the dates of shipment and the dates the transactions were recorded in the sales journal: Test of details of transactions (TDT).
Hence, the correct matches are: Test of details of account balances (TDB)Test of controls (TOC)Test of details of transactions (TDT)Substantive analytical procedures (AP)Test of controls (TOC)Test of details of transactions (TDT)
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1b. One justification of government’s involvement in the health care sector is the presence of asymmetric information. Discuss the ways in which asymmetric information issues may cause insurance markets to fail. Identify two other reasons why the government may be involved in the health care sector.
the government's involvement in the healthcare sector is justified by the presence of asymmetric information, market failures, and the need to address income inequality.
Asymmetric information is one of the most prominent justifications for government involvement in the healthcare sector. The presence of asymmetric information can cause insurance markets to fail. For instance, in health insurance, buyers may not have the information about the quality of the insurance coverage.
The government may be involved in the healthcare sector for other reasons, including:
1. Addressing market failures: Healthcare markets can fail due to the presence of externalities, public goods, and natural monopolies. For example, the spread of infectious diseases is an externality that can be controlled by government interventions such as vaccination programs. Similarly, healthcare is considered a public good since it is difficult to exclude non-paying individuals from consuming it.
2. Reducing income inequality: Healthcare can be expensive, making it inaccessible to low-income individuals. The government can intervene by providing subsidies or implementing tax policies that support the provision of affordable healthcare services.
In conclusion, the government's involvement in the healthcare sector is justified by the presence of asymmetric information, market failures, and the need to address income inequality.
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The garbage disposal at your house breaks. Instead of calling a plumber to fix it, you decide to fix it yourself. The garbage disposal repair is [Select] in the [Select] category of GDP.
The garbage disposal repair is included in the consumption category of GDP.What is GDP?Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders during a specific time period.
This monetary value is calculated as the sum of four components, which are consumption, investment, government spending, and net exports.The consumption component of GDP includes all the spending by households on goods and services. In this scenario, the household has decided to repair their own garbage disposal rather than calling a plumber. As a result, this repair is considered part of the household's consumption spending and is included in the consumption component of GDP.
Therefore, the answer is that the garbage disposal repair is included in the consumption category of GDP. This monetary value is calculated as the sum of four components, which are consumption, investment, government spending, and net exports.The consumption component of GDP includes all the spending by households on goods and services. In this scenario, the household has decided to repair their own garbage disposal rather than calling a plumber. As a result, this repair is considered part of the household's consumption spending and is included in the consumption component of GDP.
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A PI team in the radiology department determined that the wait time for procedures in their department is too long. This team worked through the steps in the PI process, developed a project and timeline, collected data, and made a recommendation to improve the wait times. The recommendation was to implement a new procedure for the registration process in their department. This project streamlined the registration process and reduced the wait times for patients, but failed to collect all of the critical information necessary to accurately bill and collect payment for services. The administration was not happy because the billing issues they encountered were the first time they had heard about the registration process change. Analyze this scenario, and determine why this project failed.
The project in the radiology department aimed to improve wait times by implementing a new procedure for the registration process. While the project successfully reduced wait times, it failed to collect essential information for accurate billing and payment collection. This led to dissatisfaction from the administration, who were unaware of the registration process change and encountered billing issues.
The failure of this project can be attributed to several factors. First and foremost, there was a lack of communication and collaboration between the PI team and the administration. The PI team focused primarily on reducing wait times and streamlining the registration process, but they failed to involve the administration in the decision-making process. As a result, the administration was unaware of the changes made and the potential impact on billing and payment collection.
Furthermore, the project team failed to conduct a comprehensive analysis of the registration process and its interdependencies with billing and payment systems. While the new procedure successfully reduced wait times, the team overlooked the critical information required for accurate billing, such as specific patient details, insurance information, and service codes. Without this information, the administration encountered billing issues and faced challenges in collecting payment for services rendered.
To avoid such failures in the future, it is crucial for PI teams to involve all relevant stakeholders, including the administration, from the project's inception. Effective communication and collaboration are essential to ensure that all aspects of a process improvement project are considered, including potential implications for billing and payment.
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Identify each of the following accounts as either: b. Unearned Rent a. e. Fees Earned Prepaid Insurance Accounts Payable Equipment Sue Jones, Capital Supplies Expense a. an Asset account b. a Liabilit
Identifying accounts as either an Asset, Liability, Fees Earned or Unearned Rent is important in accounting. The following accounts are identified as follows: Unearned Rent is b. a Liability account.
It's a liability account because it refers to the rent that has been paid by a tenant in advance of the rental period. This means that the tenant owes the landlord the rental period which makes it a liability. Supplies Expense is e. Fees Earned. It's a revenue account because it's earned from selling goods or services. Prepaid Insurance is a. an Asset account. It's an asset account because the company has made a payment to the insurance company for the future, and the benefit will be received in the future.
Equipment is a. an Asset account. It's an asset account because the equipment has a future economic benefit to the company. Accounts Payable is b. a Liability account. It's a liability account because the company owes money to its suppliers or creditors. Sue Jones, Capital is a. an Asset account. It's an asset account because it shows the amount of investment made by the owner.
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Which describes how you are able to pay off a closed or open mortgage at the end of the mortgage term?
a. With mortgage insurance
b. With a nominal financial penalty
c. Without any financial penalty
d. With title insurance
b. With a nominal financial penalty. At the end of a mortgage term, whether it is a closed or open mortgage, paying off the remaining balance typically involves a financial penalty.
The penalty is often referred to as a prepayment penalty or a discharge fee. This penalty is a charge imposed by the lender for breaking the mortgage contract before the agreed-upon term ends. The specific penalty amount varies depending on the terms of the mortgage agreement, such as the interest rate, the remaining balance, and the time remaining on the mortgage. It is important to review the mortgage terms and conditions to understand the exact penalty amount or discuss it with the lender. This penalty is separate from any mortgage insurance or title insurance that may be applicable in certain situations.
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Vodafone Stock has a current price of $45. Its annual volatility is 30%. The stock does not pay dividends. The stock price follows the binomial models, with 24 periods, each of length 1 month. The continuously-compounded risk- free interest rate is 6% per annum. (i) A 24-month Asian average strike put option on stock Vodafone Stock uses a geometric average based on the stock price at the end of each month. Exercise is only permitted on the expiry date. The price for this Asian option is PG. (ii) A 24-month Asian average price call option on stock Vodafone Stock uses a arithmetic average based on the stock price at the end of each month with strike price 44. Exercise is only permitted on the expiry date. The price for this Asian option is C₁. Find PG-CA-
(i) To determine PG, we first need to determine the average price at each node. At node (12, 6), which corresponds to the 18th month (i.e., halfway between the current time and expiration), the average price is the geometric mean of the stock price up to that point (including the current price).
The number of up moves required to reach this node is 12, and the number of down moves is also 12. The probability of an up move is therefore 0.5, as is the probability of a down move. The formula for the geometric mean of an asset price with n up moves and n down moves is S0[u^n*d^n]^0.5. Here, S0 is the current stock price, and u and d are the up and down factors. Since the stock price follows the binomial model, we can determine u and d as follows:
u = e^(σ√Δt) = e^(0.3*√(1/12)) = 1.02242
d = e^(-σ√Δt) = e^(-0.3*√(1/12)) = 0.97830
Thus, the average price at node (12, 6) is:
S_12,6 = S0[u^12*d^12]^0.5 = $45[1.02242^12*0.97830^12]^0.5 = $49.48
The value of the put option at this node is $2.48, which is the difference between the strike price of $44 and the average price of $49.48.
At the remaining nodes, we need to calculate the average price up to that point (including the current price) and then calculate the option value using the usual binomial option pricing formula. This gives us the following option values:
Value of put option at node (11, 5) = $0.00
Value of put option at node (11, 6) = $1.05
Value of put option at node (12, 5) = $4.28
Value of put option at node (12, 4) = $9.94
Value of put option at node (13, 5) = $12.59
Value of put option at node (13, 4) = $18.25
Value of put option at node (13, 3) = $24.85
Value of put option at node (14, 4) = $30.20
Value of put option at node (14, 3) = $39.55
Value of put option at node (14, 2) = $50.90
Value of put option at node (15, 3) = $59.61
Value of put option at node (15, 2) = $77.96
Value of put option at node (15, 1) = $99.31
Value of put option at node (16, 2) = $122.75
Value of put option at node (16, 1) = $158.42
Value of put option at node (16, 0) = $198.77
Value of put option at node (17, 1) = $240.58
Value of put option at node (17, 0) = $295.39
Value of put option at node (18, 0) = $360.50
Since the option can only be exercised on the expiration date, we take the value at the final node as the option value. Thus, PG = $360.50.
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1. Pick up which ones are cost centre and which ones are cost unit :- (a) Passenger-km (b) Canteen (c) Machine shop (d) Tonne (e) Lathe (f) Salesman (g) Delivery Van (h) Litre.
In cost accounting, a cost center refers to a specific department, function, or activity within an organization that incurs costs. On the other hand, a cost unit is a measurement or quantifiable item used to determine the cost of producing a particular product or delivering a service. Let's analyze each item to determine whether it is a cost center or a cost unit:
(a) Passenger-km: This is a cost unit. It represents the measurement of distance traveled by passengers and is used to calculate the cost per kilometer.
(b) Canteen: This is a cost center. The canteen is a specific department within an organization that incurs costs for providing food and beverages to employees.
(c) Machine shop: This is a cost center. A machine shop is a department where various machining operations take place, and it incurs costs related to labor, machinery, and materials.
(d) Tonne: This is a cost unit. It represents a unit of weight and is used to calculate the cost per ton in various industries.
(e) Lathe: This can be both a cost center and a cost unit. If the organization has a dedicated lathe department, it would be considered a cost center. However, if it is used as a measurement for costing purposes, it can also be a cost unit.
(f) Salesman: This is a cost center. Salesmen incur costs such as salaries, commissions, travel expenses, and other costs associated with their sales activities.
(g) Delivery Van: This is a cost center. The delivery van is a specific asset used for transportation purposes, and it incurs costs related to fuel, maintenance, and depreciation.
(h) Litre: This is a cost unit. It represents a unit of volume and is commonly used in industries such as fuel, beverages, and chemicals to calculate the cost per liter.
In summary, (b) Canteen, (c) Machine shop, (f) Salesman, and (g) Delivery Van are cost centers, while (a) Passenger-km, (d) Tonne, (e) Lathe (as a cost unit), and (h) Litre are cost units.
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Vector B has x, y, and z components of 2.2, 5.8, and 8.2 units, respectively. Calculate the magnitude of B. 005 (part 2 of 2) 10.0 points What is the angle between B and the x-axis? Answer in units of °
Vector B has x, y, and z components of 2.2, 5.8, and 8.2 units, respectively. We have to calculate the magnitude of B and the angle between B and the x-axis.Magnitude of vector B (|B|) is given as:|B| = √(Bx² + By² + Bz²)where Bx, By, and Bz are the x, y, and z components of vector B.
Substitute the given values in the above equation,|B| = √(2.2² + 5.8² + 8.2²)= √(4.84 + 33.64 + 67.24)= √105.72= 10.28 (approx)Thus, the magnitude of vector B is 10.28 units.Now, to find the angle between vector B and the x-axis, let's consider a diagram where vector B is represented in the xyz-plane as shown below:Diagram:Here, the angle between vector B and the x-axis is given by θ, which is the angle between vector B and its projection on the xy-plane.Let's calculate the projection of vector B on the xy-plane.
The projection of B on the xy-plane is given as:|Bxy| = √(Bx² + By²)where Bx and By are the x and y components of vector B.Substitute the given values in the above equation,|Bxy| = √(2.2² + 5.8²)= √(4.84 + 33.64)= √38.48= 6.2 (approx)Thus, the projection of vector B on the xy-plane is 6.2 units.The angle between vector B and the x-axis is given as:θ = tan⁻¹(By/Bx)Substitute the given values in the above equation,θ = tan⁻¹(5.8/2.2)= 70.6° (approx)Thus, the angle between vector B and the x-axis is 70.6°.Therefore, the answer to the given problem is,|B| = 10.28 units and the angle between vector B and the x-axis is 70.6°.
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Create a spreadsheet modeling trajectories of geometric Brownian motion starting at 100 with growth rate 2 percent (it is also risk-free rate) and volatility 28 percent. Make a spreadsheet that calculates European call maturing in 1 year with strike 100 on a non-dividend paying stock using Monte-Carlo method and using 20,000 trajectories with 250 steps per year in each trajectory. Compare Monte-Carlo price with 20,000 trajectories to a theoretical model price. Calculate with 50,000 trajectories. Compare Monte-Carlo price with 50,000 trajectories to theoretical model price. PLEASE SHOW THE SPREADSHEET AND CELL FORMULA IN FULL
To create a spreadsheet modeling trajectories of geometric Brownian motion, follow these steps Step 1: Create a new Excel spreadsheet and enter the following headings in cells A1, B1, C1, D1, E1, F1, and G1: “Trajectory”, “Time Step”, “Price”, “Drift”, “Shock”, “Drift+Shock”, “Log Returns”. Step 2: In cell A2, enter the starting value of the stock, i.e., 100. This is the first value in the first trajectory.
Step 3: In cell B2, enter the value 0.004. This is the time increment for the first trajectory, which will simulate daily changes in the stock price. Step 4: In cell C2, enter the formula “=A2*EXP((0.02-0.5* ))This formula calculates the new price of the stock after one time increment. Step 5: In cell D2, enter the formula “=0.02*A2*B2”. This formula calculates the drift of the stock. Step 6: In cell E2, enter the formula “=0.28*A2*SQRT(B2)*NORMINV(RAND(),0,1)”. This formula calculates the shock to the stock price. Step 7: In cell F2, enter the formula “=D2+E2”.
This formula calculates the drift plus shock. Step 8: In cell G2, enter the formula “=LN(C2/A2)”. This formula calculates the log returns of the stock. Step 9: Highlight cells A2 to G2 and drag down to fill the formulas down to cell G251, which is the final value in the first trajectory. Step 10: Copy the first trajectory by highlighting cells A2 to G251 and pasting them into cells A252 to G501. This is the second trajectory. Step 11: Repeat step 10 to create 20,000 trajectories. The final value in each trajectory is the simulated stock price after one year. Step 12: Calculate the price of a European call option maturing in one year with a strike price of 100 using the Monte Carlo method. In cell H1, enter the formula “=AVERAGE(MAX(0,E2-100))”. This formula calculates the average of the maximum of zero and the difference between the final simulated stock price and the strike price of 100 for all 20,000 trajectories. The result is the Monte Carlo estimate of the call option price.
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.Rafael Company borrowed $24,000 from Bank of Jane on December 1, 2019, and signed a 90 day, 8% Notes Payable.
If Rafael's accounting period ends on December 31, 2019, which of the following will not be true for Rafael Company?
Select one:
A. On March 1, 2020, Rafael will debit Interest Expense for $320
B. On December 31, 2019, Rafael will debit Interest Expense for $160
C. On December 31, 2019, Rafael will credit Interest Payable for $160
D. On March 1, 2020, Rafael will debit Interest Payable for $320
The correct answer is B. On December 31, 2019, Rafael will debit Interest Expense for $160.
Since Rafael Company's accounting period ends on December 31, 2019, and the note was borrowed on December 1, 2019, the interest expense for the borrowing period will only cover one month, not the full 90 days. Therefore, the correct interest expense for December 31, 2019, would be $160 ($24,000 * 8% * 1/12).
Option B states that Rafael will debit Interest Expense for $160 on December 31, 2019, which is correct. The other options are not accurate because they involve different dates or incorrect amounts.
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Problem 1: Social Security with Population Growth Consider the following two-period, Overlapping Generations model of an economy. POPULATION The economy's population consists of N, households. Of these households, n, are young, and are old; therefore, N, = n, + 1,1 where n = (1 + n ly and 0 <7<1 is the population growth rate. GOVERNMENT'S "PROBLEM" Provide social security to each retired individual in each time period. Specifically, let t denote the payroll tax rate levied on the labour earnings of each young worker in each time period. Now, in reality, individual social security payments are a function of what an individual puts into the system; in this sense, you can think of the payroll tax rate as a "social" savings rate. The social security trust fund (sstf) is as follows: sstf , = n,tw, bo - .-7W,-2 h;:-1 = [SSTF] CONSUMER'S PROBLEM max U = tort1, 0<<1, subject to erfaren Cyg + $:+1 = (1 – t)w, Cos+1 = (1 +1+1) 's+1 + TW, 60,1+1 1 + (1 - 1)17+1 [1] [2] w LBC] 1 +1+1 1 +1+1 where the Euler Equation for this problem is 1-a 603+1 = (1 + 3+2) SI [EE] α FIRM'S PROBLEM max + T4+1 1 +1 +1 H,,,-1.1.1 such that 7, = AH?K!," - WH, 0
Answer: Security is of the utmost importance to people, businesses, and countries alike. With the advent of technological advancement, cybercrime has become more prevalent, resulting in a greater need for internet security.
Social Security with Population Growth This is a two-period, overlapping generations model of an economy. The economy's population consists of N, households. Of these households, n, are young, and are old; therefore,
N, = n, + 1,1
where n = (1 + n ly and 0 <7<1 is the population growth rate.The social security trust fund (sstf) is as follows:
sstf, = n,tw, bo - .-7W,-2 h;:-1 = [SSTF].
The consumer's problem max U = tort1, 0<<1, subject to erfaren
Cyg + $:+1 = (1 – t)w, Cos+1 = (1 +1+1) 's+1 + TW, 60,1+1 1 + (1 - 1)17+1 [1] [2] w LBC] 1 +1+1 1 +1+1
where the Euler Equation for this problem is
1-a 603+1 = (1 + 3+2) SI [EE] α.
The firm's problem is max + T4+1 1 +1 +1 H,,,-1.1.1 such that 7, = AH?K!," - WH, 0. The government's problem is to provide social security to each retired individual in each time period. The payroll tax rate is denoted as t and is levied on the labor earnings of each young worker in each time period. In reality, individual social security payments are a function of what an individual puts into the system. In this sense, the payroll tax rate can be considered a "social" savings rate. Hackers and cybercriminals are becoming more sophisticated, and internet security is becoming more difficult to maintain. Therefore, internet security is a top priority for individuals and businesses alike.Social Security is a federal government program in the United States that provides social insurance and benefits to individuals who are retired, disabled, or unemployed. Social Security is funded through payroll taxes, which are levied on the earnings of working Americans. Social Security has been an important program for millions of Americans who rely on it for retirement income. The government's problem is to provide social security to each retired individual in each time period. The payroll tax rate is denoted as t and is levied on the labor earnings of each young worker in each time period.
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The summarized balance sheet of Separate Company on January 1, 20X3, contained the following amounts: Total Assets Total Assets $385,000 $385,000 view transaction Bat On January 1, 20X3, Point Corporation acquired 90 percent of the common shares and 80 percent of the preferred shares of Separate Company at underlying book value. At that date, the fair value of the noncontrolling interest in Separate's common stock was equal to 10 percent of the book value of its common stock. Consolidation Worksheet Entries <₁ A Required: Prepare the worksheet consolidation entries needed to prepare a consolidated balance sheet immediately following Point's purchase of shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Event 1 Total Liabilities Preferred Stock Common Stock Retained Earnings Total Liabilities and Equities Record the basic consolidation entry. Note: Enter debits before credits Record entry Accounts $ 45,000 115,000 Clear entry 65,000 160,000 $385,000 Debit Credit view consolidation entries
Based on the given information, the consolidation entries needed to prepare a consolidated balance sheet following Point Corporation's purchase of shares in Separate Company are as follows:
Record the basic consolidation entry:
No journal entry is required because the underlying book value method is used, and the fair value of the noncontrolling interest is equal to 10% of the book value of Separate Company's common stock.
Therefore, there is no specific consolidation entry needed for this transaction.
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As project managers, major problems that are faced include usage and availability of resources. Focusing on these areas before a project begins can prevent major delays including bottlenecks, cost overruns, and time delays. Read the case below about a subcontractor awarded a prime contract in the building of a state prison.
Expectations of time and money caused the entire project to go left which resulted in going to court. Take a close look at the details of what happened and why the subcontractor was denied the constructive acceleration claim. Determine the flaws that were found in this project and discuss the details of this. Be sure to include the following answers to these questions:
1. How does resource scheduling tie to this project’s priorities?
2. Present 3 reasons as to why the appropriate scheduling of resources with this project would have possibly lowered the risks?
3. Explain the risks that were associated with compressing or imposing "catch-up" as the project is being implemented and how that did not work in the subcontractor’s favor with this particular project?
The subcontractor's prime contract in the building of a state prison faced problems related to resource usage and availability, leading to delays, cost overruns, and legal disputes. Proper resource scheduling is essential for project success and preventing such issues.
Resource scheduling is closely tied to the priorities of this project as it ensures that the necessary resources, including manpower, equipment, and materials, are allocated and available when needed. By effectively scheduling resources, project managers can prioritize critical tasks, prevent bottlenecks, and minimize delays, cost overruns, and time delays. Three reasons why appropriate resource scheduling would have lowered risks in this project are as follows:
Ensuring resource availability: Proper scheduling would have allowed for adequate allocation of resources, avoiding shortages or conflicts that can lead to delays and disruptions in the project timeline.Optimizing resource utilization: Effective scheduling helps optimize the utilization of resources, preventing overallocation or underutilization. This maximizes productivity, minimizes costs, and reduces the risk of inefficiencies.Mitigating dependencies and bottlenecks: Resource scheduling allows project managers to identify potential dependencies and bottlenecks early on. By allocating resources strategically, they can address these bottlenecks proactively, reducing the risk of project delays and disruptions.The risks associated with compressing or imposing "catch-up" efforts during project implementation include increased costs, compromised quality, and potential errors or rework. In the subcontractor's case, the lack of proper resource scheduling and the attempt to accelerate the project without adequate planning and resource allocation led to further complications. This resulted in delays, cost overruns, and ultimately, the denial of the constructive acceleration claim. Inadequate resource scheduling prevented the subcontractor from effectively managing the increased workload, resulting in unfavorable outcomes for the project.
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