Answer:
Major types
Common literacy examples of non fiction include expository, argumentative, functional, and opinion pieces;
essays on art or literature biographies memoirs journalism historical scientific technical economic writingSanborn Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year.
Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity
Ordering and Receiving Orders $120,000 500 orders
Machine Setup Setups 297,000 450 setups
Machining Machine hours 1,500,000 125,000 MH
Assembly Parts 1,200,000 1,000,000 parts
Inspection Inspections 300,000 500 inspections
If overhead is applied using traditional-based costing on direct labor hours, the overhead application rate is:___________.
a) 9.60
b) 12.00
c) 15.00
d) 34.17
Answer:
d) 34.17
Explanation:
we must first calculate the total overhead expenses = $120,000 (ordering and receiving) + $297,000 (machine setup) + $1,500,000 (machining) + $1,200,000 (assembly parts) + $300,000 (inspection) = $3,417,000
since overhead is applied based on direct labor hours, then the predetermined overhead rate = total overhead expenses / total direct labor hours = $3,417,000 / 100,000 labor hours = $34.17 per labor hour
Despite its status as one of the richest countries in the world, Japan a. has a very low level of productivity. b. has few natural resources. c. has very little human capital. d. engages in a relatively small amount of international trade.
Answer:
b. has few natural resources.
Explanation:
Japan is one of the largest economies in the world, and even though it is a country with few natural resources, it managed to reach this level because it is a country whose main economic activities are focused on exports, according to production based on the Toyotist system, which is a on-demand manufacturing system, which reduces waste throughout the production process, which guarantees significant advantages. There is also a culture based on quality, innovation, education and technological development.
Japan's high population density constitutes a high human capital for work, which justifies the greater commercialization of goods and services. All of these factors justify how Japan became the world's third largest economy.
Indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2017.
a. Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 10, 2017. Athleticus imports the pair of sneakers into the United States on May 20, 2017.
b. An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
c. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 13, 2017. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2017. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.)
d. Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 21, 2017. It sells the hamburger to a customer that same day.
e. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 5, 2017. An elementary school student buys the chocolate bar on December 24.
Answer:
Excluded
Excluded
Excluded
Included
Included
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
services not rendered to oneself
Activities not reported to the government
illegal activities
sale or purchase of used products
sale or purchase of intermediate products
Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Athleticus shoes produced in Vietnam would not be included because it wasn't produced in the US
b. the work done by the accountant would not be included in 2017 GDP because it wasn't concluded in 2017 but in 2018
c. The corn syrup is an intermediate good and it would not be included in GDP
d. e. The hamburger and chocolate would be included in GDP as part of consumption spending
ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 40,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $466,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan's actual manufacturing overhead for the year was $713,400 and its actual total direct labor was 41,000 hours.
Required:
Compute the company's pre-determined overhead rate for the year.
Answer:
Predetermined manufacturing overhead rate= $14.65 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hour= 40,000
Estimated fixed overhead= $466,000
Variable manufacturing overhead of $3.00 per direct labor-hour.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (466,000/40,000) + 3
Predetermined manufacturing overhead rate= $14.65 per direct labor hour
What are the five steps to understanding how foreign born labor impacts native born workers?
Answer:
HOW MUCH DO FOREIGN - BORN WORKERS EARN?
Foreign-born individuals typically earn less than native-born individuals — on average, 83 cents for every dollar earned by their native-born counterparts. That disparity generally holds true across age groups and education levels, with one significant exception. Foreign-born individuals with a bachelor’s degree or more had median weekly earnings of $1,362 per week in 2018, about $53 per week higher than the median for the native-born population with that level of education.
Janet enjoys eating jelly sandwiches and drinking milk. She is particular about proportions, though: For every jelly sandwich she eats, she must drink exactly one glass of milk, and vice versa. Janet can purchase the jelly for her sandwiches in two jar sizes: 20 ounces and 40 ounces. Janet cares only about the total amount of jelly she has available and not at all about the jar size. In other words, she's just as happy with two 20-ounce jars as she is with one 40-ounce jar.
In this scenario, jelly sandwiches and glasses of soda are:___________
a. perfect complements
b. perfect substitutes
c. neither complements or susitutes)
The correct answer is A. Perfect complements
Explanation:
Janet eats jelly sandwiches and milk together; in this context, jelly and milk are complements because these are consumed together. Indeed, every time Janet consumes jelly she consumes milk. Moreover, these are perfect complements because the demand and consumption of both increases or decreases together proportionally. This is because if Janet eats 2 sandwiches this also duplicates the amount of milk she consumes (two glasses of milk). In the same way, this affects the demand for jelly and milk because if Janet drinks more milk she will need to buy more jelly.
If a particular good or product is consumed togetherly is said to be the perfect counterpart. Economically also the consumer uses products in a fixed proportion like cereal and milk are the perfect complementary example.
The correct answer is:
Option A. perfect complements
This can be explained as:
Jelly and milk are paired as they both are utilised togetherly in a combination.Whenever Janet will eat jelly she will drink milk too. The demand is proportionate to each other as jelly in the sandwich will be eaten whenever she will have milk and vice versa.Therefore, this scenario shows perfect complements.
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The City of Waterville applied for a grant from the state government to build a pedestrian bridge over the river inside the city’s park. On May 1, the city was notified that it had been awarded a grant of up to $200,000 for the project. The state will provide reimbursement for allowable expenditures. On May 5, the special revenue fund entered into a short-term loan with the General Fund for $200,000 so it could start bridge construction. During the year, the special revenue fund expended $165,000 for allowable bridge construction costs, for which it submitted documentation to the state. Reimbursement was received from the state on December 13, 2017.
Required:
For the special revenue fund, provide the appropriate journal entries, if any, that would be made for the following.
a. May 5, 2017, loan from General Fund.
b. During FY 2017, bridge expenditures and submission of reimbursement documentation.
c. December 13, 2017, receipt of the grant reimbursement funds.
d. December 31, 2017, adjusting and closing entries.
Answer:
The City of Waterville
a. May 5:
Debit Cash $200,000
Credit InterFund Loan Payable $200,000
To record the loan from the general fund.
b. Debit Bridge Expenditure $165,000
Credit Vouchers Payable $165,000
To record the bridge expenditure for the year.
Debit Grant Receivable from State $165,000
Credit Grant Revenue $165,000
To record the submission of documentation for reimbursement.
c. Debit Cash $165,000
Credit Grant Receivable from State $165,000
To record the receipt of grant reimbursement.
d. Debit Revenues $165,000
Credit Expenditures $165,000
To record the revenues received and the expenditures.
Explanation:
The City of Waterville's application does not attract any journal entries. No journal entries are also made on May 1 when the city was notified of the grant award. Journal records are made from May 5 when the short-term loan arrangement was concluded with the General Fund.
In respect to organizational structure and decision making, a "Flat Structure" is best characterized as:___________
a) A management structure characterized by an overall narrow span of management, a relatively large number of hierarchical levels, tight control, and reduced communication overhead. Decision-making can be quite rapid, if it occurs from the top down.
b) A management structure characterized by a wide span of control and relatively few hierarchical levels, loose control, and ease of delegation. Decision-making is often slower, as it involves a high degree of integration across the company.
c) The location of decision making authority near top organizational levels.
Similar to a tall structure, this expedites decision-making from the top down.
d) The location of decision making authority is relatively evenly dispersed across the company. This works well when creativity and independent operations create value for the organization.
e) None of the answers in this answer set are correct.
Answer:
A management structure characterized by a wide span of control and relatively few hierarchical levels, loose control, and ease of delegation. Decision-making is often slower, as it involves a high degree of integration across the company.
Explanation:
A flat structure in organisations are characteristized by few or no levels of management between the top management and employees.
This results in less supervision of employees (that is less control). Staff have a higher control over their jobs and have some freedom on how they execute tasks.
Employees are also more involved in decision making. Although there needs to be integrated or involve a large number of people agreeing.
So decision making is relatively slow.
Key figures for Apple and Google follow.
$ millions Apple Google
Cash and equivalents. . . . . . . $20,484 $12,918
Accounts receivable, net. . . . . 15,754 14,137
Inventories. . . . . . . . . . . . 2,132 268
Retained earnings. . . . . . . . . 96,364 105,131
Cost of sales. . . . . . . . . . . 131,376 35,138
Revenues. . . . . . . . . . . . . . 215,639 90,272
Total assets. . . . . . . . . . . . 321,686 167,497
Required:
a. Compute common-size percents for each of the companies using the data provided.
b. If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease
Answer:
a. Common-size analysis Income statement figures expresses them as a percentage of Sales while for Balance sheet figures, entries are expressed as a percentage of Total Assets.
Cash and Cash Equivalents
Apple Google
= 20,484/321,686 = 6.37 % = 12,918/167,497 = 7.71%
Accounts Receivables
Apple Google
= 15,754/321,686 = 4.90 % = 14,137/167,497 = 8.44%
Inventories
Apple Google
= 2,132/321,686 = 0.66 % = 268/167,497 = 0.16%
Retained Earnings
Apple Google
= 96,364/321,686 = 29.96 % = 105,131/167,497 = 62.77%
Cost of Sales
Apple Google
= 131,376/215,639 = 60.92 % = 35,138/90,272 = 38.92%
Apple Google
Cash and equivalents 6.37% 7.71%
Accounts receivable, net 4.90% 8.44%
Inventories 0.66% 0.16%
Retained Earnings 29.96% 62.77%
Cost of Sales 60.92% 38.92%
Revenues 100% 100%
Total Assets 100% 100%
b. Dividends are paid from Retained Earnings so Retained earnings as a percent of total assets WILL DECREASE.
University Printers has two service departments Maintenance and Personnel and two operating departments Printing and Developing. Management has decided to allocate maintenance costs on the basis of machine-hours in each department and personnel costs on the basis of labor-hours worked by the employees in each.
The following data appear in the company records for the current period:
Maintenance Personnel Printing Developing
Machine-hours ? 455 455 2,590
Labor-hours 315 ? 294 1,491
Department direct cost 11,000 $23,000 $25,000 $23,000
Required: Allocate the service department costs using the reciprocal method. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.
Answer:
Machine hour percentages -Allocation of Maintenance Costs
455 + 455 + 2,590 = 3,500 total machine hrs
Personnel = 455 / 3,500 = 13%
Printing = 455 / 3,500 = 13%
Developing = 2,590 / 3,500 = 74%
Labor hr. percentages--Allocation of Personnel costs
315 + 294 + 1,491 = 2,100 total labor hrs.
Maintenance = 315 / 2,100 = 15%
Printing = 294 / 2,100 = 14%
Developing = 1,491 / 2,100 = 71%
Service
Maintenance Personnel Printing Developing
Costs before allocation 11,000 23,000 25,000 23,000
Allocate maintenance costs -11,000 1,430 1,430 8,140
0 24,430
Allocate personnel costs 3664.5 -24430 3420.2 17345.3
Allocate maintenance costs -3664.5 476.39 476.39 2711.73
Allocate personnel costs 71.46 -476.39 66.69 338.24
Allocate maintenance costs -71.46 9.29 9.29 52.88
Allocate personnel costs 1.39 -9.29 1.3006 6.5959
Allocate maintenance costs -1.39 0 0 1.39
Total costs 0.00 0.00 30403.87 51596.13
Workings
Allocate maintenance costs
Personnel = (11000 * 13%) = 1430
Printing = (11000 * 13%) = 1430
Developing = (11000 * 74%) = 8140
Allocate personnel costs
Maintenance = 24430 * 15% =
Printing = (24430 * 14%) =
Developing = (24430 * 71%) =
Allocate maintenance costs
Personnel = (3664.5 * 13%)
Printing = (3664.5 * 13%)
Developing = (3664.5 * 74%)
Allocate personnel costs
Maintenance = (476.39 * 15%)
Printing = (476.39 * 14%)
Developing = (476.39 * 71%)
Allocate maintenance costs
Personnel = (71.46 * 13%)
Printing = (71.46 * 13%)
Developing = (71.46 * 74%)
Allocate personnel costs
Maintenance= (9.29 * 15%)
Printing = (9.29 * 14%)
Developing = (9.29 * 71%)
Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans
Scenario: You are 30 years old, married, have two children, and household income (take-home pay) of$3,500 per month. Your credit and consumer debt is as follows:_______.
• Car loan, 6% interest rate, $10,000 balance, $295 per month
• Department store card, 28% interest rate, $600 balance, minimum payment 5% of balance
• Discover Card, 12% interest rate, $2,000 balance, minimum payment 2% of balance
• VISA Card, 13% interest rate, $3,000 balance, minimum payment 2% of balance
• MasterCard 1, 14% interest rate, $4,000 balance, minimum payment 2% of balance
• MasterCard 2, 14% interest rate, $0 balance, minimum payment 2% of balance
• Gasoline card, 21% interest rate, $300 balance, minimum payment 5% of balance
Assume all credit cards will assess a $35 late fee and ongoing penalty interest of 8% above the currentrate if you miss a payment. Your recent VISA card statement came with a blank cash advance check(for up to $10,000) with terms of 23.99% APR and a fee of 3% if you use it. Your recent MasterCard 2statement came with a balance transfer oFer (up to $4,000) with no fee and 0% APR for 12 months,after which the normal interest rate applies. You recently found an incorrect amount charged on yourVISA card from a store you frequent often. You’d like to come up with a plan to eliminate all of yourcredit card debt.
In general, is it a good idea to make only minimum payments on your credit cards?
Yes, you can invest the money saved each month to earn interest.
No, it will cause your interest rate to go up.
No, the small payment requirement is mathematically guaranteed to keep you in debt for manyyears.
Yes, this allows you more ±exibility in your cash budget.
Assuming you have $1,500 in your budget this month with which to pay down your credit cards, howmuch should you pay on each card?
CardInterestrateOutstandingRequired minimumRecommendedbalancepayment(%)payment($)debtrepaymentamount
store card
Discover Card12%2,0008%
VISA Card13%3,00010%
MasterCard 114%4,0008%
MasterCard 214%010%
Gasoline card21%30015%
Total$9,900$1,500
Answer:
1) In general, is it a good idea to make only minimum payments on your credit cards?
No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.
2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?
I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900
Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.
The remaining $500 would be used to pay MasterCard 1 card and lower its balance.
Sherrie, a member, performs various bookkeeping functions for her very small closely held clients including posting cash receipts and disbursements to the client's general ledger. The client provides Sherrie with copies of check stubs and deposit slips where the client has provided account codes that Sherrie merely records in the general ledger. In addition, on a monthly basis, Sherrie calculates adjusting journal entries for depreciation, amortization, and tax accruals and posts these entries to the client's general ledger. Which of the following statements is true regarding Sherrie's independence with regard to these bookkeeping clients?
a. Sherrie's posting of client coded cash receipts and disbursements does not impair independence.
b. Sherrie's posting of adjusting journal entries does not impair independence whether or not she discusses them withthe client because these are routine accounting entries that small clients do not understand.
c. Neither of the described functions would impair independence under any circumstances.
d. None of the above statements is true.
Answer:
b. Sherrie's posting of adjusting journal entries does not impair independence whether or not she discusses them with the client because these are routine accounting entries that small clients do not understand.
Explanation:
This is likely the answer to the question asked about Sherrie's independence and the bookkeeping.
The statement which is true regarding Sherrie's independence with regard to these bookkeeping clients is:
B. Sherrie's posting of adjusting journal entries does not impair independence whether or not she discusses them with the client because these are routine accounting entries that small clients do not understand.Based on the given question, we can see that Sherrie is a bookkeeper who does her job of posting cash receipts and making disbursements and also the check stubs and monthly adjusting of journals.
WIth this in mind, impaired independence has to do with the responsibility which a bookkeeper takes with regards of the records of the client and her posting of journal entries does not impair independence.
Therefore, the correct answer is option
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Write down
any
four importance of employment
Answer:
1. to make money to pay bills.
2. to sopport your family.
3. to so responce abilaty.
sorry I can't think of a fourth one.
need help in these question
Answer:
one sec i can help
Explanation:
Alternative price indexes
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator. The GDP deflator for this year is calculated by dividing the_____using______by the_____using_____and multiplying by 100. However, the CPI reflects only the prices of all goods and services.
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States.
Scenario Shows up
in the...
GDP Deflator
Index CPI
An increase in the price of a Chinese-
made phone that is popular among
U.S. consumers.
A decrease in the price of a Treewood
Equipment feller buncher, which is a
commercial forestry machine made in
the U.S. but not bought by U.S. consumers.
Answer and Explanation:
The consumer price index refers to an index in which the prescribed market cost of goods & services by the prices years from the base year prices of the prescribed market basket and then it is multiplied by 100.
But the Gross Domestic Inflator would be represented when the all types of prices of goods and services generated domestically
An increase in the price refelected the GDP deflator
And, the decrease in the price of treewood represents CPI
Assume that on January 1, 2012, a parent company acquired a 70% interest in a subsidiary's voting common stock. On the date of acquisition, the fair value of the subsidiary's net assets equaled their reported book values except for machinery and equipment, which had a fair value of $480,000 and a reported book value of $250,000. The machinery and equipment had a 5 year remaining useful life and no salvage value. The following are the highly summarized pre-consolidation income statements of the parent and subsidiary for the year ended December 31 , 2013:
Income Statement Parent Subsidiary
Revenues $2,160,000 $288,000
Equity income 60,200
Expenses 1440000 144,000
Net income $780,200 144,000
For the year ended December 31, 2013, what amounts will be reported for (1) consolidated net income and (2) net income attributable to the non-controlling interest, respectively, in the parent's consolidated financial statements?
Answer: 1. $818,000
2. Check attachment
Explanation:
1. The amounts that will be reported for consolidated net income will be $818,000.
(2) Note that for the net income attributable to the non-controlling interest, respectively, in the parent's consolidated financial statements was calculated as:
= ($144,000 - $46,000) × 30%
= $98,000 × 0.3
= $29400
Kindly check the attachment for more analysis.
Which action taken by a central bank would reflect expansionary monetary policy?
The action taken by a central bank which would reflect the expansionary monetary policy is the sale of treasury securities to banks and the lowering down of reserve requirements.
Options A and C are correct.
What is a central bank?A central bank is referring to the largest bank that controls the regional and subordinate banks. It is the bank in which the commercial banks keep the needed reserve ratio. There are various policies being made by the central bank to monitor the monetary system like fiscal policy, monetary policy, economic policy, etc.
The central bank of the US country is the Federal Reserve that applied the expansionary monetary policy. The three ways that are made by Federal Reserve in respect of this policy are by making the discount rates to be fallen down for every bank, by acquiring the securities being sold by the government in the market and by keeping the reserve ratio to the lowest so that commercial banks can easily maintain them.
Therefore, the explanations written in option A and C are correct.
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Question's missing part:
The options are given as follows:
A) Selling treasury securities to banks to reduce the money supply
B) Raising the discount rate to provide less in loans to banks
C) Lowering the reserve requirements for all banks
D) Raising the interest that it pays to banks on the balance of their
reserves
With respect to dividends and priority in liquidation, what has priority over common stock? Group of answer choices Treasury Stock Debt Capital Preferred Stock nonconvertible common equity
Answer:
Preferred stock
Explanation:
Preferred stock is a stock that has properties of both stocks and bonds. this is why they are referred to as an hybrid instrument. Preferred stock holders have priority over common shareholders with respect to dividends and liquidation,
Selected Information from Balance Sheets (As of Year End for Years 0 and 1)
Year 0 Year 1
Cash 1,000 2,000
Accounts Receivables 1,000 5,000
Inventory 5,000 4,000
Property, Plant and Equipment (net) 12,000 11,000
Accounts Payable 5,000 4,000
Unearned Revenue 2,000 1,000
Bonds Payable 5,000 6,000
Common Stock 3,000 4,000
Retained Earnings 5,000 7,000
Income Statement (Year 1)
Sales 20,000
Costs of Goods Sold (8,000)
Wage Expense (4,000)
Depreciation Expense (2,000)
Loss from PP&E Sale (1,000)
Net Income Before Tax 5,000
Tax Expense (2.000)
Net Income 3.000
In the space provided, prepare the Operating section of the statement of cash flow for Year 1, using the indirect approach.
Answer:
Cash flow from operating activities = $1,000
Explanation:
Statement of Cash flow
Cash from Operating activities
Net Income $3,000
+ Depreciation $2,000
+ Loss from sales of PPE $1,000
Adjustment on Working capital
Increase in accounts receivables -$4,000
(1,000 - 5,000)
Decrease in Inventory $1,000
(5,000 - 4,000)
Decrease in Account payable -$1,000
(4,000 - 5,000)
Decrease in unearned revenue -$1,000
(1,000 - 2,000)
Cash flow from operating activities $1,000
The text presents five signs of organizational culture: mission statement, stories & language, physical layout, rules & policies, and rituals. Select an organization where you have worked or are familiar with and identify an example of each sign of organizational culture. How do you think each of these things conveyed the organizational culture to employees and customers/clients.
Answer:
Face book
mission statement: give people the power to build community and bring the world closer together.
physical layout: How Face book is constructed.
rules & policies: The employees are required to act honestly, lawfully, ethically and in favor of the company they represent.
rituals: Face book looks for innovation and breaking the status quo, and to do so Face book employees are invited to paint, create and decore their offices and public spaces with own made art.
Explanation:
Organizational culture is what we call the mix of core values and actions that make up an organization, it's mostly and widely used for companies but it also applies to schools, governments, non-profits, and any group of people working together towards a goal.
The mission statement is basically what the organization wants to achieve, or its dreamed goal.
Stories and language are the speech that the organization communicates to the audience or anyone interacting with it.
The physical layouts are the colors and buildings, apps, or any way of direct interaction that any person could have with the organization.
Rules and policies are what dictate the behavior of all the employees and people related to the organization.
And rituals are the activities that the organization does in order to reinforce the values and policies they try to live day by day, doing your own painting is one example of these rituals.
‘Buffer stock’ is the level of stock
Answer:
Hope it help you
Stayhomestaysafe
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Explanation:
Safety stock inventory, sometimes called buffer stock, is the level of extra stock that is maintained to mitigate risk of run-out for raw materials or finished goods due to uncertainties in supply or demand.
REAL NAME - SHRESTH DUBEY
Answer:
be safe
Explanation:
safety stock inventory, sometime called buffer stock,is the level of the extra stock that is maintained to mitigate risk of run out for raw material or finished goods due to uncertainty in supply or demand
I HOPE IT'S HELP U. ASKING QUESTIONS IS BEST THING IN READING.
Parent Inc acquired 90% of Sub Inc on January 1, 20X8. Parent paid 50% of the acquisition price by cash and fund the rest with a notes payable. The book value of Sub’s individual assets and liabilities approximated their acquisition-date fair values. On the date of acquisition, Sub reported the following:
Cash and Receivables $116,000
Accounts Payable 531,000
Inventory 331,000
Buildings & Equipment (net) 621,000
Common Stock 585,000
Land 748,000
Retained Earnings 700,000
Total $1,816,000
Total 1,816,000
During the year Sub reported $800,000 in net income and declared $432,000 in dividends. Parent reported $506,000 in net income and declared $196,000 in dividends. Parent accounts for their investment using the equity method.
Required:
a. What journal entry will Parent make on the date of acquisition to record the investment in Son Inc.?
b. If Parent were to prepare a consolidated balance sheet on the acquisition date (January 31, 20X2), what is the basic consolidation entry Parent would use in the consolidation worksheet?
c. What is Parent’s balance in "Investment in Son Inc." prior to consolidation on December 31, 20X2?
d. What is the basic consolidation entry Parent would use in the consolidation worksheet on December 31, 20X2?
Answer and Explanation:
Please find attached
A company looking to expand internationally with little risk would choose?
Answer:
LicensingFranchisingExplanation:
There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.
With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.
Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.
Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.
Amy and Mitchell share equally in the profits, losses, and capital of the accrual basis AM Products LLC. The LLC does not need to report financial information to any third parties, so capital accounts are determined using tax rules (rather than GAAP). Amy is a managing member of the LLC (treated as a general partner) and is a U.S. person. At the beginning of the current tax year, Amy's capital account has a balance of $960,000, and the LLC has debts of $624,000 payable to unrelated parties. The debts are recourse to the LLC, but neither of the LLC members has personally guaranteed them. Assume that all LLC debt is shared equally between the partners. The following information about AM's operations for the current year is obtained from the LLC's records.
Ordinary income $900,000
W-2 wages to employees 200,000
Depreciation expense 300,000
Interest income from bond 4,000
Long-term capital loss 6,000
Short-term capital gain 12,000
Charitable contribution 4,000
Cash distribution to Amy 20,000
Unadjusted basis of partnership depreciable property 1,600,000
Year-end LLC debt payable to unrelated parties is $140,000.
Required:
What income, gains, losses, and deductions does Amy report on her income tax return?
Answer: See explanation
Explanation:
Share of ordinary income:
= (Ordinary income - Wages - Depreciation)/2
= (900,000 - 200,000 - 300,000)/2
= 400,000/2
= 200,000
Share of net short term capital gain
= (12,000 - 6,000) × 50%
= 6,000 × 0.5
= 3,000
Share of interest income
= 4000 × 50%
= 4000 × 0.5
= 2000
Share of charitable contribution deduction
= 4000 × 50%
= 4000 × 0.5
= 2000
Payton Inc. reports in its Year 7 annual report, sales of $6,544 million and cost of goods sold of $2,618 million. For next year, you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher. Projected cost of goods sold for Year 8 will be:
Answer:
The projected cost of goods sold is $2,763 million
Explanation:
The computation of the projected cost of goods sold for the year 8 is shown below:
The Projected cost of goods sold is
= ($6,544 × 1.03 × ($2,618 ÷ $6,544) + 1%)
= ($6,740 × (0.40 + 1%)
= $6,740 × 0.41
= $2,763 million
Hence, the projected cost of goods sold is $2,763 million
The same is to be considered
Ian loaned his friend $20,000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest rate of 7% on the loan. He also expects his friend to pay back the loan over the next four years by making annual payments at the end of each year. Ian texted and asked that you help him calculate the annual payments that he should expect to receive so that he can recover his initial investment and earn the agreed-upon 7% on his investment.
Required:
Calculate the annual payment and complete the following capital recovery schedule:
Year Beginning Amount Payment Interest Paid Principal Paid Ending Balance
Answer:
Ian and His Friend's Business Loan
a. Annual payment = $5,904.56
b. Capital Recovery Schedule:
Year Beginning Payment Interest Principal Ending
Amount Paid Paid Balance
1 $20,000 $-5,904.56 $1,400 $4,504.56 $15,495.44
2 $15,495.44 $-5,904.56 $1,084.68 $4,819.88 $10,675.56
3. $10,675.56 $-5,904.56 $747.29 $5,157.27 $5,518.29
4. $5,518.29 $-5,904.56 $386.27 $5,518.29 $0
Explanation:
Ian's loan to his friend = $20,000
Interest rate = 7%
Payback period = 4 years
Repayment = annual at the end of each year.
Ian can retrieve $5,904.56 at the end of each period to reach the future value of $20,000.00 and total interest of $3,618.25.
Using an online financial calculator:
N (Number of Periods) 4.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Payment) $-5,904.56
Starting Investment $20,000.00
Total Interest $3,618.25
Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (4,400 units) $ 162,800 Variable expenses 79,200 Contribution margin 83,600 Fixed expenses 44,800 Net operating income $ 38,800 If the company sells 4,500 units, its total contribution margin should be closest to:
Answer:
85,500
Explanation:
Calculation for the total contribution margin
First step is to find the Contribution Margin Per Unit
Contribution Margin Per Unit = 83,600 /4,400 Contribution Margin Per Unit= 19 Per units
Second step is to calculate for Contribution Margin at 4,500 Units
Contribution Margin at 4,500 Units
= 19*4,500
Contribution Margin at 4,500 Units = 85,500
Therefore the total contribution margin is closest to 85,500
Chance company had two operating divisions, one manufacturing farm equipment and other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on Sept. 1, 2016, the company adopted a plan to sell the assets of the division.
The actual sale was completed on Dec. 15, 2016, at the price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. The division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through Dec. 15. The income tax rate is 40%. Chances after-tax income from its continuing operations is $350,000.
Required:
Prepare an income statement for 2016 beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares of common stock were outstanding throughout the year.
Answer:
Chance Company
Income Statement
For the Year Ended December 31, 2016
After tax income from continuing operations $350,000
Discontinued operations:
Operating income ($130,000 )
Loss on disposal ($400,000)
Income tax on discontinued operations $212,000
Income from discontinued operations ($318,000 )
Net income $32,000
Earnings per share (100,000 outstanding shares) $0.32
Product Director: We need to pick the best manager for the Prensabi software project. The project involves the latest technology and is very complicated. For example, this project uses a technology called Stage, which is a motion-capture technique that does not require actors to wear specialized gear to record their movements. Since this is a technical project that requires strong technical skills, we should pick the manager with the strongest technical skills. Executive: The manager needs some familiarity with the technology, but he or she won't actually be writing the software code. The bigger challenge here is to analyze the goals of the project and make sure that it is being developed according to a strong overall vision. That's why we should insist that the manager has outstanding conceptual skills. Which of the following, if true, weakens the product director's argument?
a) The project manager with the weakest technical skills also has the weakest human skills
b) The Prensabi project is so large that the project manager for the Prensab project will be unable to take on any other projects until the Prensabi project is inished.
c) The requirements of the Prensabi project are highly unusual.
d) The project manager with the strongest technical skills has no experience with
e) The project manager with the strongest conceptual skills has the weakest technical skills.
Answer:
The correct answer is: d) The project manager with the strongest technical skills has no experience with
Explanation:
Analyzing the scenario of the question above, it can be considered that the Project manager with the strongest technical skills has no experience with.
This would be the alternative that would weaken the argument of the product director, who says that the biggest challenge is to analyze the objectives of the project and make sure that it is being developed according to a strong overview. That is why we must insist that the manager has excellent conceptual skills.
Conceptual skills are those that allow the manager to have a total view of the organization in a systematic way, where there is experience to manage each part that integrates the organization in an effective way, conceptual skills are a set of knowledge and experiences for the decision making process decision-making is carried out in the best way.
Help me please thank you
Answer:
You have to be intelligent, risk taking and you haver to care about your people.
Explanation: