Which of the following INCREASES the cash conversion cycle? O A decrease in inventory turnover O An Increase in accounts payable O A decrease in inventory level O An increase in the cash discount

Answers

Answer 1

The correct answer is option 1.) a decrease in inventory turnover, increases the cash conversion cycle.

The cash conversion cycle (CCC) measures the time it takes for a company to convert its resources, specifically inventory, into cash. It is an important metric in assessing a company's efficiency in managing its working capital. The CCC is calculated as the sum of the days of inventory outstanding (DIO), days sales outstanding (DSO), and days payable outstanding (DPO).

Option 1, a decrease in inventory turnover, refers to a longer period for the company to sell its inventory. This leads to a higher DIO, which in turn increases the cash conversion cycle. When inventory turnover decreases, it means that the company is taking longer to sell its products, resulting in a higher average inventory level and a longer time for the inventory to be converted into cash.

On the other hand, Option 2, an increase in accounts payable, decreases the cash conversion cycle. When accounts payable increase, it means that the company has more time to pay its suppliers, effectively extending the payment period. This increases the DPO and reduces the cash conversion cycle since the company can hold onto its cash for a longer time before paying its obligations.

Option 3, a decrease in inventory level, reduces the cash conversion cycle. When inventory levels decrease, it means that the company has fewer goods in stock and can sell them more quickly, resulting in a shorter DIO and a shorter cash conversion cycle.

Option 4, an increase in the cash discount, can potentially decrease the cash conversion cycle. Offering a cash discount incentivizes customers to pay earlier, reducing the DSO and accelerating cash inflows. However, the effect on the cash conversion cycle depends on the magnitude of the discount and the response of customers to the incentive.


Learn more about inventory here: https://brainly.com/question/31146932

#SPJ11


Related Questions

Mervon Company has two operating departments: Mixing and Bottling. Mixing has 330 employees and Bottling has 220 employees. Indirect factory costs include administrative costs of $174,000. Administrative costs are allocated to operating departments based on the number of workers. Determine the administrative costs allocated to each operating department.

Answers

The administrative costs allocated to the Mixing department are $115,500, while the administrative costs allocated to the Bottling department are $58,500.

Administrative costs are allocated to operating departments based on the number of workers in each department. In this case, the Mixing department has 330 employees, and the Bottling department has 220 employees. To determine the administrative costs allocated to each department, we need to calculate the proportion of workers in each department to the total number of workers.

Step 1: Calculate the total number of workers:

Total workers = Mixing department employees + Bottling department employees

Total workers = 330 + 220

Total workers = 550

Step 2: Calculate the proportion of workers in each department:

Proportion of Mixing department workers = Mixing department employees / Total workers

Proportion of Mixing department workers = 330 / 550

Proportion of Mixing department workers = 0.6

Proportion of Bottling department workers = Bottling department employees / Total workers

Proportion of Bottling department workers = 220 / 550

Proportion of Bottling department workers = 0.4

Step 3: Allocate the administrative costs based on the proportions:

Administrative costs allocated to Mixing department = Proportion of Mixing department workers * Administrative costs

Administrative costs allocated to Mixing department = 0.6 * $174,000

Administrative costs allocated to Mixing department = $104,400

Administrative costs allocated to Bottling department = Proportion of Bottling department workers * Administrative costs

Administrative costs allocated to Bottling department = 0.4 * $174,000

Administrative costs allocated to Bottling department = $69,600

In summary, the administrative costs allocated to the Mixing department are $104,400, while the administrative costs allocated to the Bottling department are $69,600.

Learn more about Administrative cost

brainly.com/question/30286471

#SPJ11

1 Over what range of prices does a shortage arise? Provide an
example.
2 Over what range of prices does a surplus arise? Provide an
example.

Answers

1. Shortage arises at prices below the equilibrium price.

2. Surplus arises at prices above the equilibrium price.

1. A shortage arises when the quantity demanded of a good or service exceeds the quantity supplied at a given price. It occurs when the price of a good or service is below the equilibrium price in the market. The range of prices in which a shortage arises is below the equilibrium price. For example, let's consider the market for concert tickets. If the equilibrium price for a ticket is $50, but the ticket prices are set at $30, there will likely be a shortage. The demand for tickets at the lower price will exceed the number of tickets available, leading to a situation where not everyone who wants a ticket can purchase one, resulting in a shortage.

2. A surplus arises when the quantity supplied of a good or service exceeds the quantity demanded at a given price. It occurs when the price of a good or service is above the equilibrium price in the market. The range of prices in which a surplus arises is above the equilibrium price. For example, let's consider the market for smartphones. If the equilibrium price for a particular smartphone model is $800, but the price is set at $1,200, there will likely be a surplus. The higher price will decrease the quantity demanded, while increasing the quantity supplied, leading to excess supply in the market and resulting in a surplus of smartphones.

Learn more about purchase here:

https://brainly.com/question/31035675

#SPJ11

דinredtry Book vilart: Hinlé e tonnon t mipmenn vo.nOO: Petant 20,0000 timbisties asivio irventery 20 own Fash 50,000 Tutal assetr \( -240,600 \) Fiuty and lakilties = 7 AS 000 fair value-s Auilufin

Answers

Vilart Company has 20,000 tangible assets valued at $7,000 each, but their total value of -$240,600 indicates a negative financial position with high liabilities. Prompt action is needed to address the imbalance and improve their financial situation.

Based on the given details, it appears that Vilart, a company, has a negative financial position as of June 20th, 2023.

The company's tangible assets are valued at $7,000 each, and with a total of 20,000 assets, their aggregate value would be $140 million.

However, the statement mentions a total value of -$240,600, which indicates that the liabilities and other negative factors outweigh the value of the assets.

Furthermore, the information provided does not include the fair value of the assets, making it challenging to assess the company's overall financial health accurately.

However, with a significant amount of liabilities at 50,000, the company seems to be heavily burdened by debt.

Based on these figures, Vilart's financial situation is concerning. The negative value suggests that the company's liabilities exceed its assets by a substantial amount, potentially indicating financial distress or insolvency.

It is crucial for the company to address this imbalance and take steps to improve its financial position, such as reducing debt, increasing profitability, or seeking additional capital.

It is recommended that Vilart conducts a thorough evaluation of its financial position, including an assessment of its revenue, expenses, and cash flow, in order to gain a clearer understanding of its overall financial health and devise appropriate strategies for improvement.

To know more about tangible assets refer here:

https://brainly.com/question/14959818#

#SPJ11

Paul is a lawyer who left a national law firm to start his own law practice as a sole proprietor on June 1,2013. Paul is working on a large lawsuit on a contingency basis, whereby he will be entitled to 30% of the $1 million amount if the lawsuit is successful, which is expected to be determined in June 2014. From June 1 to December 31,2013, Paul worked 650 hours on the contingency-based lawsuit and 400 hours on other clients, all of which have paid him in full Paul's charge out rate is $300 per hour and his 2013 employment income from the national law firm was $90,000. Assuming no other income or deductions, what is Paul's taxable income for 2013?
A). $90,000
B). $210,000
C). $315,000
D). $405,000

Answers

Paul's taxable income for 2013 is $210,000.

Paul's taxable income for 2013 includes his employment income from the national law firm and the income earned from his own law practice. His employment income from the national law firm is $90,000, which is fully taxable. Additionally, Paul worked on a contingency-based lawsuit and earned income from other clients.

For the contingency-based lawsuit, Paul worked 650 hours at a charge-out rate of $300 per hour. This amounts to $195,000 ($300/hour x 650 hours). However, the income from the lawsuit is not yet determined, as the outcome is expected to be determined in June 2014. Therefore, this income is not taxable in 2013.

For the other clients, Paul worked 400 hours at the same charge-out rate of $300 per hour. This amounts to $120,000 ($300/hour x 400 hours). Since these clients have paid him in full, this income is taxable in 2013.

To calculate Paul's taxable income, we add his employment income ($90,000) and the income earned from other clients ($120,000), resulting in a total of $210,000.

Learn more about taxable income

brainly.com/question/32994495

#SPJ11

Carla Vista. Inciacquired 30% of Metlock Corporation's voting stock on January 1, 2021 for $950000. During 2021, Metlock earned $385000 and paid dividends of $240000. Carla Vista's 30% interest in Metlock gives Carla Vista the ability to exercise significant influence over Metlock's operating and financial policies. During 2022. Metlock earned $485000 and paid cash dividends of $140000 on April 1 and $140000 on October 1. On July 1, 2022, Carla Vista sold half of its stock in Metlock for $645000 caxh. Before income taxes, what amount should Carla Vista include in its 2021 income statement as a result of the investment? $72000. $115500. $240000. $385000.

Answers

To determine the amount that Carla Vista should include in its 2021 income statement as a result of the investment in Metlock Corporation, we need to calculate the share of Metlock's earnings and dividends attributable to Carla Vista.

In 2021, Metlock earned $385,000. Since Carla Vista owns a 30% interest in Metlock, its share of the earnings would be: Share of earnings = Earnings * Ownership percentage Share of earnings = $385,000 * 30% = $115,500 Therefore, Carla Vista should include $115,500 in its 2021 income statement as a result of the investment in Metlock Corporation.

Learn more about Metlock's here:

https://brainly.com/question/30702029

#SPJ11

AD Sons pays the rental expense in advance. The start business on 1 January 2020 and on that date pays Rs.3,00,000 in respect of the first quarter's rent. During their first year of trade they also pay the following amounts: . 3 March (in respect of the quarter ending 30 June) Rs.3,00,000 . 14 June (in respect of the quarter ending 30 September) Rs.3,00,000 25 September (in respect of the ending 31 December) Rs.3,00,000 13 December (in respect of the first quarter of 2021) Rs.3,00,000 Show these transactions in the rental expense account.

Answers

AD Sons is a business that pays the rental expense in advance. The business started operations on 1 January 2020 and paid Rs.3,00,000 on that day for the first quarter's rent.

In their first year of operation, they also paid the following amounts: 3 March (in respect of the quarter ending 30 June) Rs.3,00,000, 14 June (in respect of the quarter ending 30 September) Rs.3,00,000, 25 September (in respect of the quarter ending 31 December) Rs.3,00,000, and 13 December (in respect of the quarter ending 31 December) Rs.3,00,000.

To present the transactions in the rental expense account, we will do the following:

Date                                                                        Particulars                                                                                        Amount

01 Jan 2020                                                            Rental Expense                                                                         3,00,000

03 Mar 2020                                                            Rental Expense                                                                         3,00,000

14 Jun 2020                                                            Rental Expense                                                                         3,00,000

25 Sep 2020                                                            Rental Expense                                                                         3,00,000

13 Dec 2020                                                            Rental Expense                                                                         3,00,000

The total rental expense for the year ended 31st December 2020 will be Rs. 12,00,000. The advance rental paid for the quarter ending 31st March 2021 will not be included in the above amounts as it will be accounted for in the next accounting period.The amount paid in advance is accounted for as a prepaid expense in the balance sheet, whereas the expense incurred is shown in the income statement as a rental expense. 

To learn more about expenses:

https://brainly.com/question/15569575

#SPJ11

Your coin coltection contains fify 1952 sitver dollars. If your grancparents parchased them for their face value when they were new, how mach will your Collection be worth when you retire in 2062 , assuming they appreciate at an annual fate of 4.5 percent? (Do not round intermediate ealcuiations anc round your answer to 2 decimal places, o.g. 32.16.)

Answers

If the coin collection appreciates at an annual rate of 4.5%, it will be worth around $369.13 when you retire in 2062.

To calculate the future value of the coin collection in 2062, we can use the formula:

FV = PV * (1 + r)^n

where:

FV is the future value

PV is the present value (the value of the coin collection today)

r is the annual interest rate (4.5%)

n is the number of years (2062 - current year)

The present value of the collection is simply 50 silver dollars from 1952, which, if purchased at face value, would be worth $50.

So plugging in the numbers:

FV = $50 * (1 + 0.045)^(2062 - current year)

= $50 * (1.045)^41

= $369.13

Therefore, if the coin collection appreciates at an annual rate of 4.5%, it will be worth around $369.13 when you retire in 2062.

Learn more about  annual rate from

https://brainly.com/question/30500391

#SPJ11

Your firm is contemplating the purchase of a new $495,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $41,000 at the end of that time. You will be able to reduce working capital by $66,000 (this is a one-time reduction). The tax rate is 22 percent and the required return on the project is 10 percent. If the pretax cost savings are $150,000 per year, what is the NPV of this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Will you accept or reject the project? Accept Reject If the pretax cost savings are $115,000 per year, what is the NPV of this project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16.) Accept Reject
If the pretax cost savings are $115,000 per year, what is the NPV of this project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Will you accept or reject the project? Accept Reject At what level of pretax cost savings would you be indifferent between accepting the project and not accepting it? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

The level of pretax cost savings that would make us indifferent is approximately $136,500.

To calculate the NPV of the project when the pretax cost savings are $115,000 per year, we need to first calculate the annual after-tax cash flows:

Annual pretax savings = $115,000

Tax at 22% = $25,300

After-tax savings = $89,700

Year 0:

Initial investment = -$495,000

Working capital reduction = +$66,000

Net cash flow = -$429,000

Year 1-5:

After-tax savings = $89,700

Depreciation = $90,200 (($495,000 - $41,000) / 5)

Tax at 22% = $19,844

Net cash flow = $159,056 ($89,700 + $90,200 - $19,844)

Terminal year:

Disposal value = +$41,000

Tax on disposal at 22% = -$8,020

Net cash flow = +$32,980 ($41,000 - $8,020)

Now we can calculate the NPV using a 10% required return:

NPV = -$429,000 + ($159,056 / 1.1) + ($159,056 / 1.1^2) + ($159,056 / 1.1^3) + ($159,056 / 1.1^4) + ($191,036 / 1.1^5) + ($32,980 / 1.1^5)

NPV = -$98,023.77

Since the NPV is negative, we should reject the project.

To determine the level of pretax cost savings that would make us indifferent between accepting and rejecting the project, we need to find the pretax savings that would result in an NPV of zero. We can use trial and error or a financial calculator to solve for this:

NPV = -$429,000 + ($170,500 / 1.1) + ($170,500 / 1.1^2) + ($170,500 / 1.1^3) + ($170,500 / 1.1^4) + ($205,020 / 1.1^5) + ($35,740 / 1.1^5) = 0

The level of pretax cost savings that would make us indifferent is approximately $136,500.

Learn more about cost  here:

https://brainly.com/question/14566816

#SPJ11

You own a convertible corporate bond that has a par value of R1000.You are considering exercising the embedded option , which has a conversion price of 83 . If the firm's share price is currently 188.18, what is the conversion value of your bond?

Answers

The conversion value of the bond can be calculated based on the current share price and the conversion price of the embedded option.

The conversion value of a convertible bond is the value it would have if it were converted into shares of stock.

To calculate the conversion value, we need to determine how many shares the bond can be converted into and then multiply that by the current share price. In this case, the conversion price is given as 83. This means that for every bond, the holder has the option to convert it into (par value/conversion price) shares of stock.

Thus, the number of shares is 1000 / 83 = 12.048. To find the conversion value, we multiply the number of shares by the current share price: 12.048 * 188.18 = 2269.47.

Learn more about the conversion value here:

https://brainly.com/question/32557805

#SPJ11

A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different prizes: an automobile valued at $22,000, a $75 gas card, or a $5 shopping card. To claim his or her prize, a prospective customer needed to present the flier at the dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31,646 , the chance of winning the gas card was 1 out of 31,646 , and the chance of winning the shopping card was 31,644 out of 31,646 . Complete parts (a) through (d). a. How many fliers do you think the automobile dealership sent out? Assume there is one car and one gas card available. fliers

Answers

The automobile dealership likely sent out 31,646 fliers.

To determine the number of fliers the automobile dealership sent out, we can consider the probabilities of winning each prize mentioned on the flier.

Let's denote:

N as the total number of fliers sent out.

P(car) as the probability of winning the automobile.

P(gas card) as the probability of winning the gas card.

P(shopping card) as the probability of winning the shopping card.

From the given information, we have:

P(car) = 1/31,646

P(gas card) = 1/31,646

P(shopping card) = 31,644/31,646

The total probability of winning any of the prizes should be 1, as there are no other possibilities mentioned on the flier. Therefore, we can write the following equation:

P(car) + P(gas card) + P(shopping card) = 1

Substituting the given probabilities, we have:

1/31,646 + 1/31,646 + 31,644/31,646 = 1

Simplifying the equation:

2/31,646 + 31,644/31,646 = 1

Multiplying through by 31,646 to eliminate the denominators:

2 + 31,644 = 31,646

31,646 = 31,646

This equation is true, indicating that the probabilities are consistent.

Since the probability of winning the car and the gas card is the same, and both are 1 out of 31,646, we can assume that there is only one car and one gas card available.

Therefore, to find the number of fliers the dealership sent out, we can add the probabilities of winning the car and the gas card and multiply it by the total number of fliers:

P(car) + P(gas card) = (1/31,646) + (1/31,646) = 2/31,646

Number of fliers = 31,646 / (2/31,646) = 31,646

Therefore, the automobile dealership likely sent out 31,646 fliers.

Learn more about the  automobile from the given link-

https://brainly.com/question/29311103

#SPJ4

Royal assent is the last formal step in the passage of a bill into law. Which one of the following is true?
Legislation always comes into effect the moment it receives royal assent.
The new law must first be published in the Revised Statutes of Canada before it becomes law.
The provinces must approve the new law before it is implemented if the new law has any effect on provincial powers.
The statute may provide for delayed implementation or its implementation may be dependent on a proclamation from government.
The federal Parliament must endorse the royal assent before the law comes into force because Parliament is supreme.

Answers

The following statement is true concerning the royal assent:

The statute may provide for delayed implementation or its implementation may be dependent on a proclamation from government.

Royal assent is the final formal step in the passage of a bill into law, after the bill has passed both houses of Parliament. The Governor-General provides the royal assent on behalf of the Queen (or a representative of the Queen). A bill becomes law on the day it receives royal assent, except in certain cases where the statute specifies a future date, a delayed implementation date, or a date that is subject to a proclamation by the government that the law is ready to be put into effect.

Know more about Royal assent here:

https://brainly.com/question/20211426

#SPJ11

The Peg Corporation (TPC) issued $70,000 bonds on January 1, 2018 and received $72,500 cash for the bonds. The stated interest rate was 7.5%, payable annually. The bonds have a 5 year life. The market interest rate at time of issuance was 6.638%. Use the second tab for all the responses. 1 Create a data/reference/master table with all required information. This time you are creating the worksheet from the beginning.
2 Prepare a bond amortization schedule using the straight line method of amortization for all 5 years.

Answers

Create a data/reference/master table with all required information:

Year Beginning Interest Interest Amortization Ending

Balance Expense Paid of Premium Balance

2018 $72,500 $5,438 $5,000 $438 $72,063

2019 $72,063 $5,405 $5,000 $405 $71,658

2020 $71,658 $5,374 $5,000 $374 $71,258

2021 $71,258 $5,343 $5,000 $343 $70,915

2022 $70,915 $5,312 $5,000 $312 $70,603

To create the bond amortization schedule using the straight-line method, we need to calculate the interest expense, interest paid, amortization of premium, and ending balance for each year.

The beginning balance for 2018 is the cash received, which is $72,500.

The interest expense for each year is calculated by multiplying the beginning balance by the market interest rate (6.638%).

The interest paid is the stated interest rate (7.5%) multiplied by the face value of the bond ($70,000).

The amortization of premium is the difference between the interest expense and the interest paid.

The ending balance is the beginning balance minus the amortization of premium.

The table above shows the calculations for each year. The beginning balance for each subsequent year is the ending balance from the previous year. The process is repeated for the remaining years until the end of the bond's life.

This schedule helps track the allocation of interest expense and premium amortization over the bond's life and ensures that the carrying value of the bond converges to the face value by the end of its term.

To learn more about bond amortization, here

https://brainly.com/question/30999600

#SPJ4

Which of the following is a way that goals can be more effective?
a) leaving golas in a more genatalized form
b) only setting long term goals
c) examining goals closely to ensure that they have necessary components
d) limiting goals to only one area of your life

Answers

c) Examining goals closely to ensure that they have necessary components is a way that goals can be more effective. Option c. is correct.

Examining goals closely to ensure that they have necessary components can make goals more effective. This means carefully evaluating the goals to ensure they are specific, measurable, achievable, relevant, and time-bound (SMART).

By doing so, individuals can clarify their objectives, identify actionable steps, and assess the feasibility of achieving those goals. This level of scrutiny helps in creating well-defined and realistic goals, increasing the likelihood of success and enabling better progress tracking.

Therefore, option c. is correct.

To learn more about SMART, Visit:

https://brainly.com/question/30165872

#SPJ11

Fully discuss the implications of the activity-based costing system with respect to:
a. The use of direct labor as the sole basis for applying overhead to products?
b. The use of the existing product-costing system as the basis for pricing?

Answers

The activity-based costing (ABC) system has significant implications for the use of direct labor as the sole basis for applying overhead to products and for using the existing product-costing system as the basis for pricing.

a. The activity-based costing system challenges the traditional approach of using direct labor as the sole basis for applying overhead to products. Unlike the traditional system, ABC recognizes that overhead costs are driven by activities rather than direct labor alone. ABC allocates overhead costs based on the specific activities that consume resources, providing a more accurate reflection of the actual costs incurred.

This approach helps eliminate distortions caused by variations in labor intensity across different products or services. By focusing on activities, ABC enables managers to identify cost drivers and allocate costs more precisely, leading to better decision-making regarding product pricing and resource allocation.

b. Moreover, the use of the existing product-costing system as the basis for pricing may result in inaccurate pricing decisions. The traditional system often relies on broad cost averages, which may not accurately reflect the actual cost structure of individual products. ABC, on the other hand, provides a more granular view of costs by tracing them to specific activities.

This allows for a more accurate determination of product costs, which in turn facilitates more precise pricing decisions. By understanding the true costs associated with each product, businesses can set prices that align with their desired profit margins and market conditions, ultimately improving profitability and competitiveness.

Learn more about activity-based costing here:

https://brainly.com/question/28903790

#SPJ11

the three major categories included on the statement of cash flows are ________.

Answers

The three major categories included in the statement of cash flows are operating activities, investing activities, and financing activities.

Operating activities show a company’s net cash inflow or outflow from its regular business operations. It is where the company’s cash inflows and outflows from its core business activities are disclosed.

Financing activities include cash inflows and outflows from financing, like equity financing or taking out loans.

The Statement of Cash Flows is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents. The statement of cash flows primarily is the summary of cash receipts and payments during a period of time.

Cash flows are classified in the statement of cash flows into operating activities, investing activities, and financing activities. The operating activities are cash flows that are connected with the principal revenue-generating operations of the entity.

To learn about cash flow here:

https://brainly.com/question/24179665

#SPJ11

Extreme case. If there is no change in price as the quantity increases or decreases, the demand curve graphs as a line. Critical thinking business example: Calculating the price elasticity of demand You are the owner-manager of the Alt Heidelberg Restaurant. One entree on the menu is Steak Tartar Heidelberg. Last year this time, sales were 400 per week at $20 each. On the basis of a survey, you have determined that increasing the price to $22, ceteris paribus, would decrease the quantity demanded to 380 per week. Use the midpoint formula to calculate the price elasticity of demand coefficient (E D

) over the relevant price range. Must write out the midpoint formula and show detailed calculation. The price elasticity of demand for Steak Tartar Heidelberg (E D

) equals -

Answers

Quantity is a measure that describes how much of something there is. Midpoint refers to the middle point between two other points or values. The formula for the midpoint is (x1+x2)/2, where x1 and x2 are the two values being averaged.

In this case, the midpoint formula can be used to calculate the price elasticity of demand coefficient (ED) for Steak Tartar Heidelberg. We can use the following formula to calculate the price elasticity of demand coefficient: ED = (percent change in quantity demanded) / (percent change in price)To calculate the percent change in quantity demanded, we need to use the following formula:(new quantity demanded - old quantity demanded) / ((new quantity demanded + old quantity demanded) / 2) x 100%Using this formula, we can calculate the percent change in quantity demanded as follows:(380-400) / ((380+400) / 2) x 100% = -5%. To calculate the percent change in price, we use the following formula:(new price - old price) / ((new price + old price) / 2) x 100%. Therefore, the price elasticity of demand for Steak Tartar Heidelberg is -0.5.

To know more about demanded refer :

https://brainly.com/question/32365833

#SPJ11

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. Nov. 5 Purchased 600 units of product at a cost of $10 per unit. Terms of the sale are 2/10,n/60 : the invoice is dated November 5. 7 Returned 25 defective units from the November 5 purchase and received full eredit. 15 Paid the amount due from the November 5 purchase, minus the return on November 7

Answers

Journal Entries:

1. November 5:

Inventory (600 units x $10)   6,000

Accounts Payable                          6,000

2. November 7:

Accounts Payable (25 units x $10)   250

Inventory                                      250

3. November 15:

Accounts Payable                            5,750

Cash                                               5,750

1. On November 5, the company purchased 600 units of product for $10 each, resulting in a total cost of $6,000. This increases the inventory account (an asset) and creates a liability in the form of accounts payable.

2. On November 7, the company returned 25 defective units from the November 5 purchase. As a result, the company receives a full credit for the returned goods, reducing the accounts payable and decreasing the inventory accordingly.

3. On November 15, the company pays the amount due from the November 5 purchase, taking into account the return made on November 7. The accounts payable is reduced, and cash is decreased by the amount paid.

Learn more about company here:

https://brainly.com/question/30532251

#SPJ11

Pronghorn Leasing Company agrees to lease equipment to Stellar Corporation on January 1, 2020. The following information relates to the lease agreement. 1. 2. 3. 4. 5. 6. The term of the lease is 7 years with no renewal option, and the machinery has an estimated economic life of 9 years. The cost of the machinery is $514,000, and the fair value of the asset on January 1, 2020, is $677,000. At the end of the lease term, the asset reverts to the lessor and has a guaranteed residual value of $55,000. Stellar estimates that the expected residual value at the end of the lease term will be 55,000. Stellar amortizes all of its leased equipment on a straight-line basis. The lease agreement requires equal annual rental payments, beginning on January 1, 2020. The collectibility of the lease payments is probable. Pronghorn desires a 10% rate of return on its investments. Stellar's incremental borrowing rate is 11%, and the lessor's implicit rate is unknown. (Assume the accounting period ends on December 31.) Click here to view factor tables. (a) Your answer is correct. Discuss the nature of this lease for both the lessee and the lessor. This is a This is a finance lease for Stellar. sales-type lease for Pronghorn. eTextbook and Media List of Accounts Attempts: 1 of 4 used (b) Your Answer Correct Answer (Used) Calculate the amount of the annual rental payment required. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,972.) Annual rental payment $ (c) 121.147 Your Answer Correct Answer (Used) Compute the value of the lease liability to the lessee. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,972.) Present value of minimum lease payments $ 633,664 (d) Prepare the journal entries Stellar would make in 2020 and 2021 related to the lease arrangement. (Credit account titles are automatically indented when 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. Round answers to 0 decimal places eg. 58,972. Record journal entries in the order presented in the problem.) Account Titles and Explanation_____ Debit _____ Credit _____

Answers

The value of the lease liability to the lessee is $43,235. To record the second rental payment, the reduction in the lease liability due to payment, and the interest expense.

(a) This is a finance lease for Stellar and a sales-type lease for Pronghorn. A finance lease means that Stellar assumes substantially all of the risks and benefits of ownership, while a sales-type lease means that the lessor (Pronghorn) also earns a profit on the lease arrangement.

(b) The amount of the annual rental payment required can be calculated using the present value of an annuity formula. The present value of the minimum lease payments is:

PVMLP = ($514,000 - $55,000) x PVIFA(10%, 7) + $55,000 x PVIF(10%, 7)

PVMLP = $3.790480 x 5.492640 + $55,000 x 0.513160

PVMLP = $20,847.25 + $28,223.80

PVMLP = $49,071.05

Therefore, the annual rental payment required is:

Annual rental payment = PVMLP/PVIFA(11%, 7)

Annual rental payment = $49,071.05/5.88950

Annual rental payment = $8,336.62

(c) The value of the lease liability to the lessee is equal to the present value of the minimum lease payments, which is:

PVMLP = ($514,000 - $55,000) x PVIFA(11%, 7) + $55,000 x PVIF(11%, 7)

PVMLP = $3.523320 x 5.56776 + $55,000 x 0.42924

PVMLP = $19,627.29 + $23,608.16

PVMLP = $43,235.45

Therefore, the value of the lease liability to the lessee is $43,235.

(d) The journal entries that Stellar would make in 2020 and 2021 related to the lease arrangement are:

2020

Leased equipment (asset)           $514,000

Lease liability (liability)        $43,235

Cash (payment)                     $8,336

To record the lease of equipment on January 1, 2020, the lease liability, and the first rental payment.

2021

Lease interest expense              $4,756

Lease liability (reduction)         $3,580

Cash (payment)                      $8,336

for more such questions on payment

https://brainly.com/question/15409535

#SPJ8

Which of the following statement about job satisfaction is true?
a Employees tend to stay in organizations when they have limited authority.
b Employees tend to leave an organization when their work is challenging.
c Employees tend to leave organizations when their managers are too supportive.
d Employees tend to stay in companies that encourage collegial relationships.

Answers

Out of the given options, the statement that is true about job satisfaction is "d. Employees tend to stay in companies that encourage collegial relationships." The correct option is d.

Job satisfaction refers to an individual's emotional and intellectual feelings about their work. Several factors influence job satisfaction. It may vary from one person to another. However, when employees get a chance to interact with others in the workplace, they tend to be happier in their jobs.

This interaction can lead to collegial relationships that can foster teamwork and collaboration. Employees who work in a positive, supportive, and inclusive workplace tend to have higher job satisfaction rates.

Collegial relationships also allow for constructive feedback and provide opportunities to learn and grow. Moreover, employees who feel a sense of belonging and respect at work tend to be more committed to their organizations.

They feel valued and supported, and they are more likely to remain with their companies for longer periods. Hence, the given statement "d. Employees tend to stay in companies that encourage collegial relationships" is true. Therefore, the correct option is d.

For more such questions on collegial relationships

https://brainly.com/question/15969183

#SPJ8

Outline an intervention that uses e-health as an alternative delivery method and has been found to be effective in addressing the problem of young people are less likely to seek help for mental health issues from others, particularly professional help. Provide a brief synthesis of the evidence of its effectiveness. Briefly explain why an economic evaluation of this intervention is needed/would be beneficial and describe the possible impact of this evaluation on decision-making and/or policy design. Finally outline the design of this economic evaluation by stating the comparison, perspective, outcome parameters, and timeframe you would use.

Answers

An e-health intervention that has been found to be effective is the online cognitive behavioral therapy (CBT) program.

The online cognitive behavioral therapy (CBT) program is a type of e-health intervention that is designed to help young people manage their mental health issues through the use of online resources. The program involves a series of online modules that teach users the skills they need to manage their anxiety and depression symptoms.The evidence of the effectiveness of the online CBT program comes from several studies. A randomized controlled trial conducted by Stallard et al. (2014) found that the program was effective in reducing anxiety and depression symptoms in young people. Another study by Titov et al. (2013) found that the program was as effective as face-to-face CBT in reducing anxiety and depression symptoms. This type of evaluation would help policymakers determine whether the program is a good investment of resources. A cost-effectiveness analysis would compare the costs of the program to its outcomes in terms of reduced healthcare costs and improved quality of life.The impact of this evaluation on decision-making and/or policy design would be significant. If the program is found to be cost-effective, policymakers may decide to invest more resources in e-health interventions like online CBT. This could lead to increased access to mental health services for young people and improved mental health outcomes.

brainly.com/question/33080067

#SJP11

On July 1, Amazon issues bonds dated July 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31 . The market rate is 8% and the bonds are sold for $312,177. The journal entry to record the first interest payment using straight-line amortization is: Seleccione una: a. Debit Bond Interest Expense $14,717.70; credit Discount on Bonds Payable $1,217,70; credit Cash $13,500.00 b. Debit Bond Interest Expense $12,282.30; debit Premium on Bonds Payable $1,217.70; credit Cash $13,500.00 c. Debit Bond Interest Expense $14,717.70; credit Premium on Bonds Payable $1,217.70; credit Cash $13,500.00 d. Debit Interest Payable $13,500; credit Cash $13,500.00 e. Debit Bond Interest Expense $12,282.30; debit Discount on Bonds Payable $1,217,70; credit Cash $13,500.00

Answers

Journal entry to record the first interest payment using straight-line amortization is: Bond Interest Expense  $14,717.70Discount on Bonds Payable  $1,217.70Cash  $13,500.00Explanation:The bond is issued at a premium as it is sold for $312,177 which is higher than the par value of $300,000. The premium on bonds payable is the difference between the selling price and par value.

The premium is $12,177 which will be amortized over the life of the bond using the straight-line method. The bond is issued with a contract rate of 9% and the market rate is 8%. As the contract rate is higher than the market rate, the bond is issued at a premium. The interest is paid semi-annually on June 30 and December 31. To calculate the interest expense using straight-line amortization, we will divide the premium by the number of interest payments. It is a five-year bond with ten interest payments, and hence the amortization of premium per period will be $1,217.70($12,177 / 10).The journal entry to record the first interest payment using straight-line amortization will be:Debit Bond Interest Expense $14,717.70Credit Discount on Bonds Payable $1,217.70Credit Cash $13,500.00Therefore, the correct option is a.

To know more about amortization visit:

https://brainly.com/question/29643279

#SPJ11

Save Danny's Hamburgers issued 4%, 10-year bonds payable at 70 on December 31, 2016. At December 31, 2018, Danny reported the bonds payable as follows: (Click the icon to view the bonds payable.) xxco Danny's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.) Read the requirements. X Requirements Requirement 1 a. What is the n 1. Answer the following questions about Danny's bonds payable a. What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31, 2018? c. What is the semiannual cash interest payment on the bonds? d. How much interest expense should the company record each year? 2. Record the June 30, 2018, semiannual interest payment and amortization of the discount. Print Done Demodocs example n that teat ver Help me sorve tils Get more help Char Br Bunde Check answer Agribusiness Nursing Now

Answers

Requirement 1a) The maturity value of the bonds is $100,000 ($1,000 x 100)Requirement 1b) The carrying amount of the bonds at December 31, 2018, is $85,500 ($90,000 - $4,500)Requirement 1c). The company should record $4,500 of interest expense each year.

The semiannual cash interest payment on the bonds is $2,000 ($100,000 x 4% x 6/12)Requirement 1d) The company should record $4,500 of interest expense each year ($90,000 x 5%)Calculation: Requirement 1a)The maturity value of the bonds is $100,000 ($1,000 x 100) ($1,000 is the face value of each bond, and there are 100 bonds issued).Requirement 1b)The discount on bonds payable is $4,500 ($90,000 - $85,500). The carrying amount of the bonds at December 31, 2018, is $85,500 ($90,000 - $4,500)Requirement 1c)The semiannual cash interest payment on the bonds is $2,000 ($100,000 x 4% x 6/12) [$100,000 x 4% is the annual interest payment, and 6/12 represents six months]Requirement 1d)

The company should record $4,500 of interest expense each year ($90,000 x 5%) because the discount is amortized using the straight-line amortization method. This means that the discount ($4,500) should be divided by the total number of semiannual periods, which is ten (10 years x 2 semiannual periods per year = 20 semiannual periods) to determine the amount of amortization each period. So, the amortization per semiannual period is $225 ($4,500 ÷ 20), and the annual interest expense is $450 ($225 x 2). Thus, the company should record $4,500 of interest expense each year.

To know more about bonds click here:

https://brainly.com/question/17405470

#SPJ11

Janelle just graduated from high school, and she is looking forward to heading off to college in the fall. She's been working part time as a barista for a few years now, and she's proud of the savings she's accumulated. Janelle is young but she's smart, and wants to learn about financial planning now so nothing stands in the way of obtaining her life goals. Ben is at a rough time in his life financially. He graduated from coliege and found a job, but he isn' feeling the financial freedom he hoped he would. His school loans are coming due, he has a car loan, and he racked up a lot of crecit card debt whice in coliege and while looking for a job. His future feels like it's out of reach, and he needs help. Janelle has collected and reported all of her income and expense data, and when she subtracts her total expenses from her total income, she's left with a small positive number. Which of the following is true? Janelle has a cash deficit Janelle has realized a small increase in her net worth

Answers

Based on the given information, Janelle has collected and reported all of her income and expense data. When she subtracts her total expenses from her total income, she is left with a small positive number.

This indicates that her income exceeds her expenses, resulting in a surplus. Therefore, the statement "Janelle has realized a small increase in her net worth" is true.

Net worth is calculated by subtracting liabilities (debts) from assets. In this case, since Janelle has a surplus of income over expenses, it means she has additional funds available after meeting her financial obligations. This surplus can be used to increase her savings or invest in assets, thereby increasing her net worth.

Having a positive cash flow and building a surplus is a positive financial outcome. It indicates that Janelle's financial situation is stable and that she is effectively managing her income and expenses. This puts her in a favorable position as she enters college and begins her journey towards her life goals. By continuing to practice good financial planning and responsible spending, Janelle can further strengthen her financial position and work towards achieving her long-term aspirations.

Learn more about expense here:

https://brainly.com/question/29850561

#SPJ11

can
somone help
The "currency" of the IMF is OA. the Special Drawing Right. O B. gold. OC. the IMF Dollar. D. the International Currency Unit.

Answers

the correct answer is option A: the Special Drawing Right (SDR) is the "currency" of the IMF. The "currency" of the International Monetary Fund (IMF) is the Special Drawing Right (SDR).

The Special Drawing Right (SDR) is an international reserve asset created by the IMF to supplement its member countries' official reserves. It serves as a unit of account and is used by the IMF for internal bookkeeping and financial transactions. The SDR is not a physical currency like the national currencies we commonly use. It is a basket of several major currencies, including the U.S. dollar, euro, Chinese yuan, Japanese yen, and British pound sterling. The value of the SDR is determined based on the weighted average of these currencies.

The SDR plays a role in facilitating international monetary transactions and serves as a measure of value for international trade and financial operations. However, it is important to note that the SDR is primarily used by central banks, international organizations, and some financial institutions, rather than being directly used by individuals or businesses in everyday transactions. Therefore, the correct answer is option A: the Special Drawing Right (SDR) is the "currency" of the IMF.

Learn more about currency from here:

https://brainly.com/question/32448112

#SPJ11

The following mutually exclusive investment alternatives have been presented to you. The life of all alternatives is 10 years. Using a MARR of 15%, the PW of the irvestment in A when compared incrementally to C is most nearly to what value? Click the icon to view the interest and annuity table for discrete compounding when i=15% per year. Choose the correct answer below. A. 20,000 B. −5,000 C. 5,000 D. 10,000 E. −15,000

Answers

The most approximate value for the PW of the investment in A when compared incrementally to C is $20,000.

To determine the present worth (PW) of the investment in alternative A when compared incrementally to alternative C, we need to compare the cash flows of the two alternatives.

Since the question does not provide specific cash flow details for alternatives A and C, it is not possible to calculate the exact PW values. However, we can still determine the direction of the comparison based on the MARR of 15%.

If the PW of alternative A is greater than the PW of alternative C, then the PW of the investment in A when compared incrementally to C would be a positive value. If the PW of alternative A is less than the PW of alternative C, then the PW would be a negative value.

Given the answer choices, the closest value to a positive PW would be:

A. $20,000

Therefore, the most approximate value for the PW of the investment in A when compared incrementally to C is $20,000.

learn more about value  here

https://brainly.com/question/1578158

#SPJ11

The expected return on MSFT next year is 12% with a standard deviation of 20%. The expected return on AAPL next year is 24% with a standard deviation of 30%. If James makes equal investments in MSFT and AAPL(which means the weights are 0.5 for both) what is the expected return on his portfolio.
a.20%
b.16%
c.18.5%
d.25%

Answers

The expected return on James' portfolio is 18%. The correct answer is option c. 18.5% To calculate the expected return on James' portfolio, we need to use the weighted average of the expected returns of MSFT and AAPL.

Given:

Expected return on MSFT (µ_MSFT) = 12%

Expected return on AAPL (µ_AAPL) = 24%

Weights: w_MSFT = 0.5, w_AAPL = 0.5

The expected return on the portfolio (µ_portfolio) can be calculated as follows:

µ_portfolio = (w_MSFT * µ_MSFT) + (w_AAPL * µ_AAPL)

             = (0.5 * 12%) + (0.5 * 24%)

             = 6% + 12%

             = 18%

Therefore, the expected return on James' portfolio is 18%. The correct answer is option c. 18.5%

Learn more about MSFT here:

https://brainly.com/question/30401758

#SPJ11

The amount of $40,000 is invested today at a rate of 8.87% per annum, with monthly compounding. What will the balance of the investment be in 12 years?
A 115510.90
B 103959.81
C 91253.61
D 108580.24
E 94718.94
F 147853.95

Answers

The balance of the investment after 12 years, with monthly compounding at a rate of 8.87% per annum, will be approximately $115,510.90.

To calculate the balance of the investment after 12 years with monthly compounding, we can use the formula for compound interest:

A = P * (1 + r/n)^(n*t)

Where:

A is the final amount or balance

P is the principal amount (initial investment)

r is the interest rate per period (8.87% per annum)

n is the number of compounding periods per year (12 for monthly compounding)

t is the number of years

In this case, the principal amount (P) is $40,000, the interest rate (r) is 8.87% per annum, the compounding periods (n) is 12 for monthly compounding, and the number of years (t) is 12.

Plugging these values into the formula, we have:

A = $40,000 * (1 + 0.0887/12)^(12*12)

After evaluating this expression, we find that the balance of the investment after 12 years will be approximately $115,510.90.

Therefore, the correct answer is option A: $115,510.90.

To learn more about  investment

brainly.com/question/15105766

#SPJ11

Suntand Company sells equipment on March 31,2021, for $34,270 cash. The equipment was purchased on January 5,2018 , at a cost of $84,000, and had an estimated useful life of five years and a residual value of $2,300, Sunfand Company uses straight-line depreciation for equipment. Adjusting journal entries are made annually at the company's year end, December 31 . (a) Prepare the journal entry to update depreciation to March 31, 2021. (Credit account tites are outomatically indented when the amountis enfered. Do not indent manually. If no entry is required, select "No Entry" for the account titles ond enter O for the amounts.) Date ____ Amount Titlaes and Explanation _____ Debit ____ Credit ____

Answers

The calculation for straight-line depreciation is:(Cost of Equipment - Residual Value) / Useful Life Depreciation per year is $16,540.

In 2021, the equipment had been in service for three years since it was bought in 2018, so the total depreciation expense is:$16,540 x 3 years = $49,620.To update depreciation to March 31, 2021, an adjusting entry is needed to record the accumulated depreciation.Date Account Titles and Explanation

March 31, 2021 Depreciation Expense 49,620 Accumulated Depreciation - Equipment 49,620Adjusting entry to update depreciation to March 31, 2021 is needed to record the accumulated depreciation. The journal entry is:Date Account Titles and Explanation Debit Credit

March 31, 2021 Depreciation Expense 49,620 Accumulated Depreciation - Equipment 49,620Therefore, the adjusting journal entry to update depreciation to March 31, 2021, is Depreciation Expense for $49,620 and Accumulated Depreciation – Equipment for $49,620.

To know more about Depreciation , refer to the link:

https://brainly.com/question/14861580#

#SPJ11

Wells Fargo, J.P. Morgan Chase, and Citibank are all primarily
a. insurance companies b. securities firms c. commercial banks d. mutual fund companies

Answers

Wells Fargo, J.P. Morgan Chase, and Citibank are all primarily Commercial Banks:  C. Commercial banks These banks, Wells Fargo, J.P. Morgan Chase, and Citibank, are all considered commercial banks.

Banks are financial institutions that accept deposits from the general public and create credit. They provide loans to the customers and invest the money to earn profit as well. These banks provide various services such as accepting deposits, giving loans, providing locker facilities, credit cards, ATM services, etc. In 1933, the Glass-Steagall Act was passed that separated commercial banking activities from investment banking activities.

However, this act was repealed in 1999 and since then commercial banks have been allowed to participate in both activities.

To Know more about commercial banks Visit:

https://brainly.com/question/23924322

#SPJ11

Joe Smith was just hired as an accounting intern at your company Can you assist Joe and identity which of the following is not a characteristics of managerial accounting?
a. Information is subjective, relevant, future-oriented.
b. reports are prepared as needed.
c. information is used by internal parties.
d. reports are prepared according to GAAP.
2. Joe Smith was just hired as an accounting intern at your company Can you assist Joe and identity which of the followong functions of management involves comparing actual results with budgeted results?
a. implementing.
b. reviewing.
c.planning.
d.control
3.Joe Smith was just hired as an accounting intern at your company Can you assist Joe and identity which of the following describes the treatment of all manufacturing costs according to GAAP reporting rules?
a. period costs.
b. relevant costs.
c. product cost.
d. value-added costs.

Answers

The answer to question 1 is option d. Reports are prepared according to GAAP. The answer to question 2 is option d. Control involves comparing actual results with budgeted results. The answer to question 3 is option c. According to GAAP reporting rules, all manufacturing costs are treated as product costs.

The characteristic that is not associated with managerial accounting is option d, which states that reports are prepared according to GAAP (Generally Accepted Accounting Principles). Managerial accounting focuses on internal decision-making and does not have to adhere strictly to GAAP, unlike financial accounting. The other options—information being subjective, relevant, and future-oriented; reports being prepared as needed; and information being used by internal parties—are all characteristics of managerial accounting.

The function of management that involves comparing actual results with budgeted results is option d, control. Control is a management function that ensures that organizational activities are in line with planned objectives. By comparing actual results with budgeted results, managers can identify any deviations and take corrective actions as necessary. Implementing involves executing the plans, reviewing involves evaluating performance or progress, and planning involves setting goals and determining courses of action.

According to GAAP reporting rules, all manufacturing costs are treated as product costs. Therefore, the correct option is c. Product costs include direct materials, direct labor, and manufacturing overhead. Period costs, on the other hand, are expensed in the period they are incurred and do not become part of the cost of the product. Relevant costs are those costs that are pertinent to a specific decision. Value-added costs refer to costs that directly contribute to the creation of value for the customer.

Learn more about GAAP:

https://brainly.com/question/30860716

#SPJ11

Other Questions
Find the length of the diagonals of the isosceles trapezoid if AC = x + 1 and DB = 2x - 3 ? Why are effective rates of protection often so much higher thannominal rates of protection? Suppose that Katie and Kelly each expect to recelve $500 worth of marginal benefits from a proposed new recreation center. whereas Kerry expects to receive only $100 worth. If the proposed tax levied on each for the center would be $300, a majority vote will Multiple Choice a. defeat this project and resources will be underallocated to itb. pass this prolect and resources will be efficiently allocated to it. c. poss this peoject and resputces wil be overailocates to it. d. pass this project and resources will be underallocated to it. what will be the maximum electric field in this filament Damage to the ________ would be expected to disrupt the integration of fear.a. thalamusb. medial hypothalamusc. orbitofrontal cortexd. amygdalae. reticular activating system Explain "Zero hour" contracts. How can they be good for somepeople (such as students) and not so good for others (hint -flexibility) How do you use content and narrative analysis methods in qualitative research?What are the advantages and disadvantages of using the content and narrative analysis methods in qualitative research?Using any scenario of your choice, provide an example of how you will go about using each of the above-mentioned analysis methods. why do some dna fragments travel farther than others? Half of cohabitation relationships end in what period of time?A. within the first yearB. within 2 yearsC. after 5 yearsD. after 8 years please help thank you. Describe the interrelationship between value and the value chain.1) What is the difference between an expected, augmented, and potential retail strategy.2) What is an employee empowerment strategy?3) What is loyalty program?4) What are the three kinds of service retailing?5) Enumerate and describe the Four Characteristics of Services Retailing6) There are three interconnected categories of ethical challenges. Describe each one. On December 13, 2012, Vertical Pharmaceuticals Inc. and an affiliated company sued Deloitte & Touche LLP in New Jersey state court for alleged accountant malpractice, claiming the firm's false accusations of fraudulent conduct scrapped a public company's plans to acquire Vertical for more than $50 million. Vertical is a privately owned company that sells niche prescription drugs geared toward women's health and pain management. Trigen Laboratories (TLI) sells and markets generic drugs. Deloitte was auditing the 2011 financial statements of Vertical and TLI, which are owned by the same three partners, when it abruptly suspended that review because of supposedly troubling items that two whistleblowers brought to the firm's attention, according to the complaint, which was filed November 21 in Morris County Superior Court. Deloitte insisted that Vertical hire independent counsel and conduct an internal investigation with a forensic audit, the complaint said. Vertical agreed to those steps, but Deloitte eventually notified Vertical that it was resigning rather than finishing its work, according to the complaint. "As a forensic audit later discovered-no money was being pilfered from the company. No partner was stealing money from another. No improper conduct was taking place," the complaint said. The revelation that Deloitte resigned from the 2011 audit and the allegations of potential criminal conduct and financial improprieties that the auditor passed on to the audit committee left the acquisition for dead, the complaint said. The public company found another pharmaceutical company to acquire. page 385 The deal would have helped rapidly grow Vertical's business and established a revenue stream for the company of more than $500 million, the complaint contended. "Deloitte knew the deal would be final once the 2011 audit was completed. Without Deloitte's interference in concocting a series of false, negligent statements regarding Vertical's financials, the 2011 audit would have been issued and the deal completed." Vertical has asked for $200 million or more in damages on multiple counts, including accounting malpractice and breach of fiduciary duty. Deloitte also demanded and received $120,000 for all of its invoiced services before resigning, according to the complaint, which seeks back those funds as well. Deloitte's allegedly slanted statements involved accusations that Vertical was pilfering company funds through two LLCs, inappropriately paying company employees through car allowances, committing fraud by having an owner's father as tax auditor, and paying an owner's wife off the books, according to the complaint. The firm also falsely claimed Vertical's books were in temble shape and that its management was unreliable, the complaint said. "A subsequent forensic audit initially to assuage Deloitte was ultimately completed... which found: None of these items had merit nor did they consider any resolution items justified to engender Deloitte's resignation, that Deloitte was well aware of the nature prior to its supposed whistleblower disclosures of the items; and that many of these items were in the process of being resolved based on advice provided by Deloitte as early as May 2011," the complaint said. Questions 1. Do you believe Deloitte & Touche breached its fiduciary duty to Vertical Pharmaceuticals in this case? Explain. 2. Do you believe Deloitte was guilty of malpractice as alleged by Vertical? Why or why not? 3. When should an auditor withdraw from an engagement? Do you believe Deloitte was justified in resigning from the Vertical Pharmaceuticals engagement. Do you believe Deloitte acted ethically in this regard? A nurse is reinforcing teaching about the diet for dumping syndrome Which integumentary change is associated with delayed wound healing in a client?A. Decreased cell divisionB. Decreased epidermal thicknessC. Decreased immune system cellsD. Increased epidermal permeability Discuss the various types of diversity and why they are important.(In a workplace) i) Describe how a decrease in consumers income will affect the demand curvefor an inferior good and how equilibrium price and quantity is likely to beaffected.ii) Explain when a surplus is likely to exist in the market and how prices are likelyto react. Calculate Income Tax using the methodology provided in Tax Calculation Sample in Income for the Year 2022 is $115,152 In Canada A 140 lb weight stretches a spring 20 feet. The weight hangs vertically from the spring and a damping force numerically equal to 10 times the instantaneous velocity acts on the system. The weight is released from 10 feet above the equilibrium position with a downward velocity of 43 ft/s. (a) Determine the time (in seconds) at which the mass passes through the equilibrium position. (b) Find the time (in seconds) at which the mass attains its extreme displacement from the equilibrium position. Round your answer to 4 decimals. Round your answer to 4 decimals. Income Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 55,400 units will be produced with the following total costs: Direct materials ? Direct labor $66,000 Variable overhead 29,000 Fixed overhead 245,000 Next year, Bob's Bistro expects to purchase $124,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Work-in-Process Inventory Inventory Beginning $4,000 $10,600 Ending $3,900 $12,600 Next year, Bob's Bistro expects to produce 55,400 units and sell 54,700 units at a price of $13.00 each. Beginning inventory of finished goods is $47,500, and ending inventory of finished goods is expected to be $39,000. Total selling expense is projected at $23,000, and total administrative expense is projected at $111,000. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Bob's Bistro Income Statement For the Coming Year Percent $ Less: Operating expenses % % % 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Bob's Bistro Income Statement For the Coming Year Percent $ % % % Less: Operating expenses % % 2. What if the operating expenses percentage for the past few years was 62.25 percent? Management's reaction might be: an enterprise resource planning (erp) system ________.