Assume that an investor owns 30% of an investee, and accounts for its investment using the equity method. At the beginning of the year, the Equity Investment was reported on the investor's balance sheet at $300,000. During the year, the investee reported net income of $105,000 and paid dividends of $20,000 to the investor. In addition, the investor sold inventory to the investee, realizing a gross profit of $42,000 on the sale. At the end of the year, 20% of the inventory remained unsold by the investee.Required:a. How much equity should the investor report for the year?b. What is the balance of the Equity Investment at the end of the year?c. Assume that the remaining inventory is sold in the following year and that the investee reports $150,000 of net income. How much equity income will the investor report for the following year?

Answers

Answer 1

Answer:

a.34,020

b.314,020

c.42,600

Explanation:

The equity method is applied when a company's ownership interest in another company is valued at 20–50% of the stock in the investee. The equity method requires the investing company to record the investee's profits or losses in proportion to the percentage of ownership

DATA

Net Income = $105,000

Investor's share = 30%

Inventory unsold = 20%

Gross profit = $42,000

Dividends = $20,000

Requirement 1

Equity to be reported = (investor's share of net income)  − (Share of unrealized profit on inventory at the end)

Equity to be reported = ($105,000 × 30%) − ($42,000 × 20% × 30%)

Equity to be reported = $31,500 + $2,520

Equity to be reported = $34,020

Requirement 3

Equity investment at end of year = (Equity investment at the beginning of the year)  + (Investor's share of net income)  − (Dividendsdeclared)

Equity investment at end of year  = $300,000 + $34,020 − $20,000

Equity investment at end of year  =$314,020

Requirement 2

Equity to be reported = (Investor′ s share of net income)  -(Share of unrealized profit on inventory at the year end)

Equity to be reported =($150,000×30%)−($40,000×20%×30%)

Equity to be reported =$45,000−$2,400

Equity to be reported =$42,600


Related Questions

All other things being equal, what is the best type of investment income?
A. Tax-deferred income fee-offset.
B. Tax-exempt income fee-only fee-based commission-only.
C. Tax-sheltered income.
D. Taxable income.
When seeking professional financial advice, _____financial planner is the most likely to offer unbiased advice.

Answers

Answer and Explanation:

The best type of investment income that is earned is tax-exempt that depend upon the commission only also the income that is spent should be bigger for the recipient

And at the time of seeking advice, the fee only should be likely to offer an unbiased advice because no other extra financial gains should be advised for an investment made except this professional fee

While the other options are ignored as they contain some interest regarding a commission for advising to their clients

The correct option is B.

The information is considered as follows:

The best type of investment income should be earned is tax-exempt that based upon the commission only.Moreover, the income that is spent should be more or the recipient And at the time of taking the advice, the fee only should be likely to offer for an unbiased advice since no other additional financial gains should be advised for an investment made except this professional fee

Learn more: https://brainly.com/question/24908711?referrer=searchResults

John Bryant Optical Dispensary completed the following transactions during the latter part of​ March:Mar. 15 Purchased office supplies on account, $4,200 28 Paid $1,800 on account. Requirements. Mar. 28 Accounts Payable 1,000 Cash 1,800 Paid cash on account. The following T-accounts have been opened for you: Cash Accounts PayableBal $21,000Office SuppliesRequirements
1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry.
2. Open the following accounts (use T-account format): Cash (Beginning Balance of $21,000), Office Supplies, and Accounts Payable. Post the journal entries from Requirement 1 to the accounts, and compute the balance in each account.

Answers

Answer:

1.                             Journal Entry

Date            Account and Explanation              Debit       Credit

March 15     Office supplies                               $4,200

                          Accounts Payable                                     $4,200

                    (To record purchase of office supplies on account)

March 28      Account Payable                          $1,800

                            Cash                                                           $1,800

2.                                Cash

Debit          Amount        Credit          Amount

Balance      $21,000        $1,800        March 28

Balance      $19,200

                              Office Supplies

Debit             Amount        Credit          Amount

March 15         $4,200            -                      -

Balance          $4,200

                               Account Payable

Debit          Amount        Credit          Amount

March 28      $1,800        March 15      $4,200

                                         Balance       $2,400

Productivity is not important in economics.A. TrueB. False

Answers

Answer: True

Explanation: In my opinion I think its true , there is a difference between productivity as a whole country and the norm of an individual alone for productivity

Luthan Company uses a plantwide predetermined overhead rate of $22.10 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $265,200 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead cost of $269,000 and 10,900 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period.

Answers

Answer:

Allocated MOH= $240,890

Explanation:

Giving the following information:

Plantwide predetermined overhead rate of $22.10 per direct labor-hour.

The company incurred in 10,900 total direct labor-hours.

To calculate the allocated manufacturing overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 22.1*10,900

Allocated MOH= $240,890

In a suburban community outside a city in Alabama, a retail store opened that specialized in dancewear for children and adults. It was moderately successful for five years until the local newspaper published an exposé that scanty lingerie stocked in the back of the store's showroom was selling briskly to a certain clientele. Afterward, the store lost most of its customers and nearly closed. Which segment of the environment did the store owners fail to take into account when they began selling the lingerie?

Answers

Answer:

a. the sociocultural segment

Explanation:

Since in the question it is mentioned that the retail store is opened that deals in dancewear for children and adults. Also, it became successful for five years but after that in the local newspaper it makes an expose that it was selling briskly to a specific clientele with respect to the scanty lingerie due to which it lost most of its customers and therefore it is closed

So in this given situation, it is a sociocultural segment as the company's wants to take care of the society along with its business or there should be a corporate social responsibility. Also the trust of the customers, goodwill cannot bring back, etc

Therefore the correct option is A.

A team of analysts at Amazon is researching the viability of producing a smart watch. How might they estimate potential demand for their smart watch?A. Consider the four-step process that many companies follow to estimate the market demand curve for their product. a. survey customersb. plot the demand curvec. scale up the quantities demanded by the survey respondentsd. add up the total quantity demanded by the customers at each price pointB. Select two factors that the analysts want to keep in mind to create the most accurate demand estimates.a. cost of inputs to productionb. information about climate changec. existing competition in the marketd. consumer demographic information

Answers

Answer:

1. Estimating demand.

Survey customersAdd up the total quantity demanded by the customers at each price pointScale up the quantities demanded by the survey respondents.Plot the demand curve

In order to estimate the market demand for the smart watch, the analysts can use a sample of the population. From the sample they can survey some customers. The results of the survey will give them an idea of the demand which they can then add up to find the total quantity demanded.

They should then scale up the quantities to enable them apply it to the wider population. Using this information they can then plot market demand.

2. Two important factors

c. existing competition in the market - The competition in the market will let them know how much potential market share they have and how much they can charge based on the amount that the competitors are charging. d. consumer demographic information - by analysing demographic information, the analysts can better ascertain the demand for their products based on important demographic data such as income status.

The existing competition in the markets and the consumer demographic information. Thus the options C and D are correct.

What is the market demand curve ?

The curve is the summation of the individuals demand curves and shows the quantity demand of the good for all individuals the varying prices.

For estimating the demand the four steps include, the survey customer, adding the total quantity demanded by the customers at each price point, then scale up the quantities that are demanded by the survey respondents, and; last plot the demand curve.

Find out more information about the team of analysts.

brainly.com/question/26396953.

Consumer packaged goods companies thrive in the marketplace in part by creating new products that meet the needs of its target markets. Hormel Foods has introduced several new ready-to-eat, quick meal, or snack options designed to be eaten on-the-go. In addition, these products satisfy hunger cravings, taste good, and help meet daily requirements for protein servings. Hormel Foods is most likely pursuing a _______ orientation as a marketing management philosophy.

Answers

Answer: market

Explanation:

The balanced scorecard method of control is designed to ______ incorporate with traditional measures of financial performance.

Answers

Answer:

Operational measures

Explanation:

balanced scorecard method in business are tools utilized by the management of an organization to control the activities going on in the organization, how their goals can be accomplished and others, it can be associated to strategic planning.

It should be noted that the balanced scorecard method of control is designed to operational measures incorporate with traditional measures of financial performance.

Presented below is the basic accounting equation. Determine the missing amounts. Assets = Liabilities + Owner’s Equity
(a) $80,000 $59,000
(b) $ $47,000 $65,000
(c) $88,000 $ $54,000

Answers

Answer:

a. $21,000

b. $112,000

c. $34,000

Explanation:

Based on the placements of the $, i am assuming that the missing amount in :

a. is  Owner’s Equity

b. Assets

c Liabilities

a.  $80,000 =  $59,000 + Owner’s Equity

Owner’s Equity = $80,000 -  $59,000 = $21,000

b. Assets = $47,000 $65,000

Assets = $112,000

c. $88,000 = Liabilities + $54,000

Liabilities = $88,000 - $54,000 = $34,000

If net sales is 110 and asset turnover is 1.1 what is the net income is:_______.a. 10b. 110c. .8d. Unable to tell from data given

Answers

Answer:

The answer is D.

Explanation:

Asset turnover ratio is:.

Net sales(revenue) / Total asset

Asset turnover = 1.1

Net sales = $110

Total assets = 110/1.1

= $100.

And we are looking for net income, from the given data, it is being seen that data given cannot be used to calculate net income i.e we are unable to tell from the available data in the question.

Cute Camel Woodcraft Company's income statement reports data for its 1st year of operation. The Firm's CEO would like sales to increase by 25% next year. Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest & taxes (EBIT). The company's operating costs (excluding depreciation & amortization) remain at 65% of net sales, & its depreciation & amortization expenses remain constant from year to year. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT). In year 2, Cute Camel expects to pay $300,000 & $1,824,525 of preferred & common stock dividends, respectively. Complete the Year 2 income statement data & then answer the questions that follow. Round each dollar value to the nearest whole dollar.Year 1 Year 2 (Forecasted)Net Sales $20,000,000        Less: operating costs, except depreciation & amortization 13,000,000       Less: depreciation & amortization expenses 800,000Operating Income (EBIT) $6,200,000        Less: interest expense 620,000Pre-Tax Income (EBT) 5,580,000      Less: taxes (40%) 2,232,000Earnings after taxes $3,348,000        Less: preferred stock dividends 300,000Earnings available to common shareholders 3,048,000       Less: common stock dividends 1,506,600Contribution to Retained Earnings $1,541,400 Given the results of the previous income statement calculations, complete the following statements:a. In year 2, if cute camel has 25,000 shares of preferred stock issued & outstanding, then each preferred share should expect to receive ($12, $30, $18 or $24) in annual dividends.b. If cute camel has 200,000 shares of common stock issued & outstanding, then the firm's earnings per share (EPS) is expected to change from ($31, $16.74, $27.90 or $15.24) in year 1 to ($33.79, $39.75, $18.77 or $20.27) in year 2.c. Cute camel's before interest, taxes, depreciation & amortization (EBITDA) value changed from ($9.5M, $7M, $19.2M or $8.4M) in year 1 to ($8.7M, $20M, $12M or $26M) in year 2.d. It is (CORRECT or INCORRECT) to say that cute camel's net inflows & outflows of cash at the end of years 1 & 2 are equal to the company's annual contribution to retained earnings, $1,541,400 & $1,929,975 respectively. This is because (ALL or ALL BUT ONE) of the item reported in the income statement involve payments & receipts of cash

Answers

Answer:

Cute Camel Woodcraft Company

1. Cute Camel Woodcraft Company

Forecasted Income Statement for Year 2:

                                                              Year 1           Year 2 (Forecasted)

Net Sales                                       $20,000,000           $25,000,000  

Less: operating costs, except

 depreciation & amortization         13,000,000               16,250,000    

Less: depreciation &

 amortization expenses                     800,000                    800,000

Operating Income (EBIT)              $6,200,000               $7,950,000

Less: interest expense                      620,000                   1,192,500

Pre-Tax Income (EBT)                     5,580,000                  6,757,500  

Less: taxes (40%)                            2,232,000                 2,703,000

Earnings after taxes                     $3,348,000               $4,054,500  

Less: preferred stock dividends      300,000                     300,000

Earnings available to

   common shareholders              3,048,000                  3,754,500  

Less: common stock dividends     1,506,600                   1,824,525

Retained Earnings                        $1,541,400                 $1,929,975

2a. With 25,000 shares of preferred stock issue and outstanding, then each preferred share should expect to receive $12 in annual dividends.

2b. With 200,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from $15.24 in year 1 to $18.77 in year 2.

2c. Cute camel's before interest, taxes, depreciation & amortization (EBITDA) value changed from $7M in year 1 to $8.7M in year 2.

2d.  It is INCORRECT to say that cute camel's net inflows & outflows of cash at the end of years 1 & 2 are equal to the company's annual contribution to retained earnings, $1,541,400 & $1,929,975 respectively. This is because ALL BUT ONE of the item reported in the income statement involve payments & receipts of cash

Explanation:

a) Data and Calculations:

                                                              Year 1           Year 2 (Forecasted)

Net Sales                                       $20,000,000           $25,000,000  

Less: operating costs, except

 depreciation & amortization         13,000,000               16,250,000    

Less: depreciation &

 amortization expenses                     800,000                    800,000

Operating Income (EBIT)              $6,200,000               $7,950,000

Less: interest expense                      620,000                   1,192,500

Pre-Tax Income (EBT)                     5,580,000                  6,757,500  

Less: taxes (40%)                            2,232,000                 2,703,000

Earnings after taxes                     $3,348,000               $4,054,500  

Less: preferred stock dividends      300,000                     300,000

Earnings available to

   common shareholders              3,048,000                  3,754,500  

Less: common stock dividends     1,506,600                   1,824,525

Retained Earnings                        $1,541,400                 $1,929,975

Preferred Stockholders' Dividends per share

= $300,000/25,000 = $12

EPS (Earnings per share):

= Earnings available to common shareholders  = $15.24 ($3,048,000/200,000)  in year 1   and $18.77 ($3,754,500/200,000) in year 2.

Cute Camel's Earnings before interest, taxes, depreciation & amortization (EBITDA) for year 1 is $7M ($20M - $13M) while the year 2's is $8.75M ($25M - $16.25M).

Contrast how a market system and a command economy try to cope with economic scarcity.

Answers

Explanation:

Note, a market system (capitalist economy) allows the forces of demand and supply to take place more freely than a command economy (monopolistic economy).

Thus, the market system will try to increase the production of the scarce commodities on its own, while the command economy will try to ensure anyone in the economy gets the limited commodity supply made available, especially to those who need it more.

Forten Company, a merchandiser, recently completed its calendar-year 2015 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.
FORTEN COMPANY
Comparative Balance Sheets
December 31, 2015 and 2014
2015 2014
Assets
Cash $ 49,800 $73,500
Accounts receivable 65,810 50,625
Inventory 275,656 251,800
Prepaid expenses 1,250 1,875
Total current assets 392,516 377,800
Equipment 157,500 108,000
Accum. depreciation—Equipment (36,625) (46,000)
Total assets $ 513,391 $439,800
Liabilities and Equity
Accounts payable $ 53,141 $114,675
Short-term notes payable 10,000 6,000
Total current liabilities 63,141 120,675
Long-term notes payable 65,000 48,750
Total liabilities 128,141 169,425
Equity
Common stock, $5 par value 162,750 150,250
Paid-in capital in excess of 37,500 0
par, common stock
Retained earnings 185,000 120,125
Total liabilities and equity $ 513,391 $439,800
FORTEN COMPANY
Income Statement
For Year Ended December 31, 2015
Sales $ 582,500
Cost of goods sold 285,000
Gross profit 297,500
Operating expenses
Depreciation expense $ 20,750
Other expenses 132,400 153,150
Other gains (losses)
Loss on sale of equipment (5,125)
Income before taxes 139,225
Income taxes expense 24,250
Net income $ 114,975
Additional Information on Year 2015 Transactions
a. The loss on the cash sale of equipment was $5,125 (details in b).
b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash.
c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance.
d. Borrowed $4,000 cash by signing a short-term note payable.
e. Paid $50,125 cash to reduce the long-term notes payable.
f. Issued 2,500 shares of common stock for $20 cash per share.
g. Declared and paid cash dividends of $50,100.
Required:
1. Prepare a complete statement of cash flows; report its operating activities using the indirect method.

Answers

Answer:

Cash flow Statement for the year ended 31 December 2015

Cash Flow from Operating Activities

Net income before Interest and tax                                         $ 139,225

Non -Cash items :

Loss on Sale of Equipment ($46,875 - $30,125 - $11,625)          $5,125

Depreciation expense                                                                $ 20,750

Changes In Working Capital :

Increase in Short term note payable                                           $4,000

Increase in Accounts receivable                                                ($15,185)

Increase in Inventory                                                                 ($23,856)

Decrease in Prepaid expenses                                                       $625

Decrease in Accounts payable                                                 ($61,534)

Income taxes expense                                                              ($24,250)

Net Cash Flow from Operating Activities                                  $44,900

Cash Flow from Investing Activities

Purchase of Equipment                                                             ($30,000)

Proceeds from Sale of Equipment                                               $11,625

Net Cash Flow from Investing Activities                                    ($18,375)

Cash Flow from Financing Activities

Dividend Paid                                                                             ($50,100)

Issued Shares ( 2,500 × $20)                                                    $50,000

Repayment of Notes Payable                                                    ($50,125)

Net Cash Flow from Investing Activities                                    ($50225)

Movement in Cash and Cash Equivalents during the year ($23,700)

Cash and Cash Equivalents at Beginning of the Year           $73,500

Cash and Cash Equivalents at the End of the Year              $ 49,800

Explanation:

The Indirect method reconciles the Operating Profit during the year to Cash flows from Operating Activity by adjusting for the following items, (1) Non-cash items previously added or deducted from Operating Profit and (2) Changes in Working Capital items

Columbia Products produced and sold 900 units of the company's only product in March. You have collected the following information from the accounting records
Sales price (per unit)
Manufacturing costs $ 448
Fixed overhead 50,400
Direct labor (per unit) 35
Direct materials (per unit) 112
Variable overhead (per unit) 70 (for the month)
Marketing and administrative costs
Fixed costs (for the month) 67,500
Variable costs (per unit) 14
Required:
Compute the following:____
1. Variable manufacturing cost per unit $217
2. Full cost per unit
3. Variable cost per unit
4. Full absorption cost per unit.
5. Prime cost per unit.
6, Conversion cost per unit.
7. Profit margin per unit
8. Contribution margin per unit
9. Gross margin per unit

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Units produced and sold= 900

Sales price (per unit) $448

Manufacturing costs:

Fixed overhead 50,400

Direct labor (per unit) 35

Direct materials (per unit) 112

Variable overhead (per unit) 70 (for the month)

Marketing and administrative costs:

Fixed costs (for the month) 67,500

Variable costs (per unit) 14

a. Variable manufacturing cost= 35 + 112 + 70= $217

b. Total cost:

Total variable cost= (217 + 14)*900= 207,900

Total fixed cost= 50,400 + 67,500= 117,900

Total cost= $325,800

Total cost per unit= 325,800/900= $362

c. Total variable cost= 217 + 14= $231

d. The absorption costing method includes all costs related to production, both fixed and variable.

Absorption cost= 217 + (50,400/900)= $273

e. Prime cost= direct material + direct labor

Prime cost= 112 + 35= $147

f. Conversion cost= direct labor + unitary variable overhead

Conversion cost= 35 + 70= $105

g. Profit margin= selling price - total unitary cost

Profit margin= 448 - 362= $86

h. Contribution margin per unit= selling price - total unitary variable cost

Contribution margin per unit= 448 - 231= $217

j. Gross margin per unit= Selling price - absorption cost per unit

Gross margin per unit= 448 - 273= $175

McDonald's would have conducted a(n) __________ to identify the strength of the breakfast menu and the potential revenue increase by extending its offerings to all-day.

Answers

Answer:

These are the options for the question:

Competitive AdvantageMarketing MyopiaSWOT AnalysisEnviromental Scanning

And this is the correct answer:

Enviromental Scanning

Explanation:

In order to identify the selling potential of a breakfast menu, by extending that menu to all-day, McDonalds would have to conduct an enviromental scanning, in which it would analyze several enviromental variables like: market size, customer profile, hours at which the product is sold the most.

After completing these analysis, McDonalds would have been able to determine if this strategy is appropriate or not.

A group of students organizing a protest march would be an instance of ________ speech.
A) limited protected
B) prohibited
C) unprotected
D) fully protected

Answers

Answer:

C) unprotected

Explanation:

Unprotected explains that when an individual is not feeling safe and want to be stay from the harm or injury by another person.

Therefore according to the given situation, a group of students conduct a march for protest for the purpose of unprotected speech so that everyone should aware about their safety.

So, as per the above explanation the correct answer is c.

The two types of package labeling in common usage today are:a. government-mandated and seller-controlledb. functional and persuasivec. motivational and requiredd. informational and persuasivee. promotional and nonpromotional

Answers

Answer: Informational and persuasive

Explanation:

Package labelling is simply the display of information regarding a product.

The two types of package labeling in common usage today are informational and persuasive. It should be noted that for persuasive labeling l, the focus is on the logo or on the promotional theme, while for the information labeling, it is done to enable the consumers make selections regarding product which they're satisfied with.

Develop the output indices of the Nouveau Cattle Slaughtering Plant (base year 2007).
Year Pounds of Cattle Slaughtered Output Index
2009 180,000
2010 250,000
2011 200,000

Answers

Answer and Explanation:

The development of output indices for the plant is presented below:

For Base Year 2007

Index with output 100000 (Presumed)  100

For Output index 2009

(180000 ÷ 100000) × 100         180

For Output index 2010

(250,000 ÷ 100,000) × 100      250

For Output index 2011

(200,000 ÷ 100,000) × 101       200

In this way,  it should be developed

Quantitative Reasoning: Use the compound interest formula to determine the accumulated balance after the stated period. $6000 invested at an APR of 8% for 9 years. If interest is compounded annually, what is the amount of money after 9 years?

Answers

Answer:

the amount of money after 9 years is $11,994.02

Explanation:

The computation of the accumulated balance after the stated period by using the compound interest formula is shown below:

Amount = Principal × (1 + interest rate ÷ n)^{nt}

= $6,000 × (1 + 8 ÷ 1 × 100)^{1 × 9}

= $6,000 × (1.08)^9

= $11,994.02

Hence, the amount of money after 9 years is $11,994.02 which is to be find out by using the above formula  

Channel members should be evaluated using all of the following criteria EXCEPT which one? A) economic factorsB) control issuesC) adaptability criteriaD) channel leadershipE) none of the above

Answers

Answer:

D) channel leadership

Explanation:

Channel members are the members that involved in the process of receiving the products and services to the end users.

Here, there are two categorizations of channels

1. Business to business (B2B): It deals between the businesses i.e. product or service sale from one business to other business

2. Business to consumer (B2C): It deals between the business and the consumer here the business is selling their products to the end users

Now it can be evaluated by economic factors, adaptability, control issues but not with the channel leadership as it involves the leadership

Therefore the correct option is D.

primary reason for holding inventory​

Answers

The primary objective in terms of holding inventory is to ensure that customer service targets can always be met without compromising cash flow or running out of stock. When customers cannot purchase what they need, when they need it, they often cease to be customers

True or False: If the demand for notebooks is perfectly inelastic, an increase in the supply of notebooks only lowers the price of notebooks and does not affect the quantity produced and sold.

Answers

Answer:

True

Explanation:

It is similar to supply and demand principal. Hope I helped.

On December 1, 2017, Derrick, Inc., pays $800 to lease a copier for use in its corporate offices during the month of December.
Note: Enter debits before credits.
Date General Journal Debit Credit
Dec. 1
Record entry Clear entry View general journal

Answers

Answer:

Dr Rent Expense ($800)

Cr Cash ($800)

Explanation:

Based on the information given we were told that the company pays the amount of $800 on

which was use to lease a copier for their corporate offices this means that we are going to record the Journal entry by Debiting Rent Expense with the amount of ($800) and Crediting Cash with the same amount of ($800).

Dr Rent Expense ($800)

Cr Cash ($800)


A researcher submits a study to the IRB that proposes to evaluate a new
after-school on-line tutoring program for middle school students in a local
school district examining the effect on student grades. She proposes to
perform this assessment at the school that her children attend, because she
is familiar with the school district. Students may use either their personal
smartphone or computer to participate in the program. This study might be
determined to be violating which principle of the Belmont Report

Answers

Answer:

Justice

Explanation:

The Belmont Report has the full name Ethical Principles and Guidelines for Protection of Human Subjects of Research, Report of the National Commission for the Protection of Human Subjects of Biological and Behavioural Research.

The report outlines the ethical guidelines for involving humans in a research. There are 3 primary considerations:

- Respect for persons and getting their consent. Researcher must be transparent to the participants.

- Beneficence is the philosophy of doing no harm. Risks are minimised for participants of the research.

- Justice ensure that all participants recieve equal costs and benefits and the procedure is non exploitative.

In the given scenario where Students may use either their personal smartphone or computer to participate in the program.

The type of device used by the students may not give them the full benefit of the research. For example a computer may give a better experience than a smartphone.

Also some may not use a smart phone or computer. This violates the principle of Justice.

To remedy this the researcher can provide a device for all students to use during the programme.

Based on the information given, the study might be determined to be violating the justice principle.

The Belmont Report are the ethical principles put in place to protect the people that take part in research. .

The report outlines the ethical guidelines for involving humans in a research. The 3 main considerations in the Belmont Report include beneficence, respect for the person that participates in the research, and justice which ensures that every participants are treated fairly.

In this case, the justice principle is violated. This is because all the schools were not treated equally as the researcher wanted to do the assessment at the school that her children attend.

Also, the students should have been given the same phone or computer rather than using their personal gadgets.

In conclusion, the justice principle is violated.

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The Lucido Company’s 2026 Net Income is $170. Balance Sheets are given: 12/31/2 12/31/26Cash $40 $35Accounts Receivable 100 88Machine 400 540Acc Depr. 150 250 -160 380Totals Assets $390 $503Dividends Payable $2 $0Common Stock 310 348Treasury Stock (22) (30)Retained Earnings 100 185Total Liability and O/E $390 $503Lucido sold a machine for $122 in 2026. Cost was $200; book value was $120.Net Cash Used for Investing is:___________.a. $218b. $340c. $122d. $220e. $462

Answers

Answer:

a.$218

Explanation:

Net cash used for investing activities can be calculated by taking the sum of cash inflows and outflows. As Lucido company sold the asset for $200 that will be an inflow for the company and as the machine value at the end of 2026 is $540 that means the company has purchased new machinery after selling the old one.

Cash flow from investing activities

Sale of machine                                         $122

Purchase of machine ($540 -$200)        -$340

Net cash used for investing activities    -$218

The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
December 31 2016 2017
Cash $51,935 $9,612
Accounts receivable 28,191 22,102
Office supplies 4,447 3,257
Office equipment 136,500 145,400
Trucks 53,418 62,418
Building 0 178, 072
Land 0 44,436
Accounts payable 74, 115 36,759
Note payable 0 122,508
Compute the 2017 year-end debt ratio for the business.

Answers

Answer:

34.22%

Explanation:

Debt ratio can be calculated by dividing the total liabilities with the total assets.

Calculation

Debt Ratio = Total liabilities / Total Assets

Debt Ratio = 159,267 / 465,297

Debt Ratio = 34.22%

Working        

Cash                                     9,612      

Accounts receivable          22,102      

office supplies                    3,257      

office equipment               145,400      

Trucks                                 62,418      

Building                              178,072      

Land                                    44,436      

total assets                        465,297      

Total liabilities        

Accounts payable             36,759      

Note payable                    122,508      

Total liabilities                  159,267      

The normal balance of an account: a. falls on the side where decreases are recorded. b. falls on the side where increases are recorded. c. cannot be computed in a manual accounting system. d. must be computed after every transaction.

Answers

The normal balance of an account falls on the side where it does not go i don't b falls on the side where increases are recorded

Explain briefly the role, responsibilities, and required background of the production designer of a film.

Answers

Answer:

Production designers are responsible for creating and managing the visual aspects of a film.

Explanation:

I hope its helpful for you.

Please mark as brainliest.

Answer:

The role of a production designer is essential in constructing a film. Production designers are responsible for making the director's vision come to life. They also bring multiple years of film production and design experience to the table.

THAT'S WHAT I PUT AND GOT 100%

6. Prepare a summary of the implications of capital structure theory that can be presented to Tom Moore. What insights can capital structure theory provide managers regarding the factors which influence their firm’s optimal capital structures?

Answers

Answer:

Capital Structure is a combination of all the long term which includes both debt and equity financing. The capital structure theories helps the treasury department of the company to find an optimum capital structure (Mixture of debt and capital) that gives the lowest weighted average cost of capital and this lowest WACC, gives highest value of the company.

Mathematically,

Value of the Company = Future net cash flows / Lowest WACC

The factors that affect WACC can be understood if we have a glance on its formula:

WACC = (Ke * E /(E + D))       +       (Kd *  D /(E + D)* (1 - Tax))

The reduction in WACC is largely due to increase in the debt because it gives tax benefits and this lowers the WACC.

To arrive at the lowest WACC, Tom Moore will consider all of the following factors:

Future Net Cash Flows: If the company is earning more than before then this will increase the value of the company because debt terms and conditions would be bargained at a better position and all this is possible if stable cash flow position has been achieved by the company. This means that the debt would be raised at a cheaper rate that will also lower WACC and increase Future Net cash flows.Debt to Equity ratio: This factor helps in determining how much the company must borrow in order to gain the maximum benefit of the debt. On the other hand, the finance raising cost of debt will also increase which means raising finance will become difficult.Matching Concept: The finance required must be matched with the time duration it is necessary. This means that the long term investments must be financed with long term finance and short term needs must be financed by short term finance. This will help the company to lower its cost paying commitments to lenders and investors.Other Factors: These are the factors that affects the management of Capital structure which includes market conditions, tax rate, credit rating, industry related risk, economy future projection, etc, all these factors have minute impact on the fund raising and are an obstacle to achieve optimal capital structure.

A car owner found that her monthly cost of driving her car depends on the number of miles she drives. She calculates that if she drives 320 miles per month, her monthly cost is $270. If she drives 400 miles per month, her monthly cost is $297. Assume that the monthly cost, C, of driving the car is a linear function of the number of miles, d, she drives in a month.
The formula for the monthly cost, C, of driving the car as a function of the number of miles, d, she drives in a month, is

Answers

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