You are Heidi Ganahl, CEO and Founder of Camp Bow Wow, and you are intending to expand the brand to new global locations. If you are expanding into a country that values humane-oriented leadership, which of the following behaviors is most in line with that perspective?
a. You implement weekly team building session to create a collaborative work environment.
b. You involve all employees in all decisions, ensuring that everyone participates in the decision making process.
c. You articulate a dear vision for changing the organization so that it will focus on consistently delivering high levels of performance.
d. You provide compassionate support when an employee is having difficulty with family issues.

Answers

Answer 1

Answer:

a. You implement weekly team building session to create a collaborative work environment.

Explanation:

Humane-oriented leadership may be defined as that kind of leadership which reflects the supportive as well as considerate leadership. It also exhibits the qualities of generosity, compassionate and modesty towards the humane employees or the work force.

In the context, Camp Bow Wow is expanding its brand in a new country which values humane-oriented leadership qualities. So implementing a team building session every week in order to create a collaborative work environment reflects the qualities of humane-oriented leadership of the brand.

Answer 2

A. When You implement weekly team building sessions to make a collaborative work environment.

Humane-oriented leadership

Humane-oriented leadership is also defined as that sort of leadership that reflects the supportive further as considerate leadership. It also exhibits the qualities of generosity, compassion, and modesty towards the humane employees or the workforce.

In this context, When Camp Bow Wow is expanding its brand in a new country that is the values are human-oriented leadership qualities. So implementing a team-building session each week to form a collaborative work environment reflects the qualities of human-oriented leadership of the brand.

Thus, the Correct option is A

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Related Questions

Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Days Past Due Total 0 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $ 185,000 $ 100,000 $ 38,000 $ 17,000 $ 14,000 $ 16,000 Percent uncollectible 1 % 2 % 4 % 6 % 10 % 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $3,000 credit.

Answers

Answer:

1)

Days Past Due

Total                     0           1 to 30 3         1 to 60         61 to 90           Over 90

$185,000    $100,000      $38,000        $17,000       $14,000            $16,000

                          1%                2%                  4%                6%                  10%

Bad debts       $1,000         $760              $680           $840               $1,600

Total bad debt = $4,880

2)

Dr Bad debt expense 4,880

    Cr Allowance for doubtful accounts 4,880

What is segregated fund.

Answers

A segregated fund is a type of investment vehicle commonly used by Canadian insurance companies to manage individual, variable annuity insurance products. A segregated fund offers investment capital appreciation and life insurance benefits. ... Therefore, returns from the funds tend to be more modest.
A segregated fund is a type of investment vehicle commonly used by Canadian insurance companies to manage individual, variable annuity insurance products. A segregated fund offers investment capital appreciation and life insurance benefits.

Investors can expect to pay a slightly higher total expense ratio on segregated funds due to their more complex structure. Additionally, these fund offerings typically do not have aggressive fund objectives. Therefore, returns from the funds tend to be more modest.

KEY TAKEAWAYS
A segregated fund is an investment pool structured as a deferred variable annuity and used by insurance companies to offer both capital appreciation and death benefits to policyholders.
Commonly found in Canada, segregated funds are private contracts between insurers and customers that must be held until contract maturity.
Because these products offer better guarantees than traditional insurance or annuity products, they do come with higher fees and expenses.
Understanding Segregated Funds
Segregated funds are structured as deferred variable annuity contracts with life insurance benefits. They are managed in separate accounts by the insurance company. These products are similar to other variable annuity products offered by insurance companies. They are primarily issued by Canadian insurance companies for Canadians. The products are not traded in the public market. They are structured as contracts and do not account for ownership by shares or units.

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in 2022. The company borrowed $2,000,000 at 13% on January 1 to help finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout 2021: $5,000,000, 17% bonds $3,000,000, 13% long-term note Construction expenditures incurred during 2021 were as follows: January 1 $ 820,000 March 31 1,420,000 June 30 1,064,000 September 30 820,000 December 31 620,000 Required: Calculate the amount of interest capitalized for 2021 using the specific interest method.

Answers

Answer:

999,999,999 because we'll 999,999,999

Rabbit Foot Motors has been approached by a new customer with an offer to purchase 5,000 units of its hands-free, Wi-Fi-enabled automotive model—the SMAK—at a price of $18,000 per automobile. Rabbit Foot’s other sales would not be affected by this new customer offer. Rabbit Foot normally produces 100,000 units of its SMAK model per year but only plans to produce and sell 90,000 in the coming year. The normal sales price is $35,000 per SMAK. Unit cost information for the normal level of activity is as follows:

Fixed overhead will not be affected by whether or not the special order is accepted.

1. What are the relevant costs and benefits of the two alternatives (accept or reject the special order)?

a. Special order price, direct materials, direct labor, and variable overhead.
b. Special order price, direct materials, direct labor, variable overhead, and fixed overhead
c. Normal price, direct materials, direct labor, and variable overhead.
d. Normal price, direct materials, direct labor, variable overhead, and fixed overhead.

2. By how much will operating income increase or decrease if the order is accepted?
a. increase by $_______
b. decrease by $_________

Answers

Answer: 1. Special order price, direct materials, direct labor, and variable overhead.

2. Increases by $10,000,000

Explanation:

1. What are the relevant costs and benefits of the two alternatives (accept or reject the special order)

These include special order price, direct materials, direct labor, and variable overhead.

2. By how much will operating income increase or decrease if the order is accepted?

This will be:

= Units × (special order price-variable costs)

= 5000 × ($18000 - $10000 - $2000 - $4000)

= 5000 × $2000

=$10,000,000

Therefore, it increases by $10,000,000

Dana Ashbrook Inc. has negotiated the purchase of a new piece of automatic equipment at a price of $19,384 plus trade-in, f.o.b. factory. Dana Ashbrook Inc. paid $19,384 cash and traded in used equipment. The used equipment had originally cost $150,226; it had a book value of $101,766 and a secondhand fair value of $115,819, as indicated by recent transactions involving similar equipment. Freight and installation charges for the new equipment required a cash payment of $2,665.
1) Prepare the general journal entry to record this transaction, assuming that the exchange has commercial substance.
2) Assuming the same facts as in (a) except that fair value information for the assets exchanged is not determinable. Prepare the general journal entry to record this transaction.

Answers

Answer:

A) Dr Equipment $137,868

Dr Accumulated Depreciation $48,460

Cr Equipment $150,226

Cr Cash $22,049

Cr Gain on disposal $14,063

B) Dr Equipment $123,815

Dr Accumulated Depreciation $48,460

Dr Equipment $150,226

Dr Cash $22,049

Explanation:

Preparation of the journal entries

A) Dr Equipment $137,868

($115,819+$19,384+$2,665)

Dr Accumulated Depreciation $48,460

($150,226-$101,766)

Cr Equipment $150,226

Cr Cash $22,049

($19,384+$2,665)

Cr Gain on disposal $14,063

($137,868+$48,460-$150,226-$22,049)

B) Dr Equipment $123,815

($150,226+22,049-48,460)

Dr Accumulated Depreciation $48,460

($150,226-$101,766)

Dr Equipment $150,226

Dr Cash $22,049

($19,384+$2,665)

Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 3.0 ounces $ 7.50 per ounce $ 22.50 Direct labor 0.6 hours $ 13.50 per hour $ 8.10 Variable overhead 0.6 hours $ 6.00 per hour $ 3.60 The company reported the following results concerning this product in February. Originally budgeted output 7,600 units Actual output 7,400 units Raw materials used in production 22,040 ounces Actual direct labor-hours 4,640 hours Purchases of raw materials 23,640 ounces Actual price of raw materials $ 7.25 per ounce Actual direct labor rate $ 12.10 per hour Actual variable overhead rate $ 5.10 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for February is:homeworklib

Answers

Answer:

I have to go to sleep now lol lol I’m just kidding I’m about to cry lol lol I don’t know ‍♀️ lol lol I love you ❤️ lol lol oh lord I love ❤️ and I’m just kidding I’m sorry I don’t

Explanation: I don’t think I can do that too much lol lol I don’t know what In is going on there and you

Question 81 pts Doug Graves Company had 50,000 shares of common stock issued and outstanding at January 1, 2020. During 2020, Graves made the following transactions: June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $25 per share. Oct 15 Declared a $0.40 per share cash dividend. In Graves's statement of shareholders' equity for 2020, what amount should Graves report as dividends

Answers

Answer:

See below

Explanation:

Given the above information, we will calculate first the revised stock

Revised stock

= 50,000 × $2

= 100,000

Then,

The Dividend par share

= 100,000 × $0.40

= $40,000

The sum of $40,000 will be reported as divided as the number of shares outstanding has doubled due to stock split

If you are the proprietor of a
business, how much of the
business do you own?
A. 50%
B. 85%
C. 100%

Answers

I think A , let me know if I’m wrong

Which of the following is NOT an example of fixed expenses?

Select the best answer from the choices provided.
A.
Health insurance premium

B.
Interest on college loans

C.
Apartment Rent

D.
The amount of gas to fill up your tank

Answers

Answer:

A.

Health insurance premium

Explanation:

helping

has any questions or problems.
4. It is the development of an ongoing connection between a company and its customers. The
relationship involves marketing communications, sales support, technical assistance and
customer service​

Answers

Answer:

Customer relationship management (CRM).

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Therefore, these employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers. The fundamentals of customer relationship is based on improving marketing communications, sales support, technical assistance and customer service so as to bring satisfaction to the customers.

Hence, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management.

Novak Corp. has 6000 shares of 5%, $100 par value, cumulative preferred stock and 12000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $55800 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020

Answers

Answer:

See below

Explanation:

Given the above data,

Preferred shares = 6,000 shares × $100 = $600,000

Dividend on preference shares = $600,000 × 5% = $30,000 per year

Dividend declared in 2019

= $55,800

Preferred dividend in 2019 = $30,000 × 2 = $60,000

Dividend declared in 2020 =$55,800

Preferred dividend declared in 2020 = $30,000 + $4,200 = $34,200

Dividend paid to common stock holders = $55,800 - $34,200 = $21,600

which of the following is a reason to approach smaller banks for a business loan



Answers

Answer: Their criteria for approving a loan are much less stringent than those for larger banks. Explanation: ... The principal reason why people approach smaller banks for a loan is that their criteria for approving a loan are much less stringent than those for larger banks.

Jayden, a calendar year taxpayer, paid $16,000 in medical expenses and sustained a $20,000 casualty loss in 2020 (the loss occurred in a Federally declared disaster area). He expects $12,000 of the medical expenses and $14,000 of the casualty loss to be reimbursed by insurance companies in 2021. Before considering any limitations on these deductions, how much can Jayden include in determining his itemized deductions for 2020

Answers

Answer:

$16,000;$6,000

Explanation:

Calculation to determine how much can Jayden include in determining his itemized deductions for 2020

Based on the information given he can include $16,000 of the medical expenses amount paid and $6,000 calculated as ($20,000-$14,000) of the casualty loss amount when determining his itemized deductions for the year 2020.

Therefore the amount he can include in determining his itemized deductions for 2020 are :$16,000;$6,000

Q4) The price of a luxury car increased from 42.000 euros to 44.000 euros. Then the demand for
this car declined from 100 units to 20 units. Calculate the price elasticity of demand for the car.

Answers

Answer:

Price elasticity of demand = 28.67 (Approx.)

Explanation:

Given:

Old price of car = 42.000 euros

New price of car = 44.000 euros

Quantity of car old = 100 units

Quantity of car new = 20 units

Find:

Price elasticity of car

Computation:

Price elasticity of demand = (Percentage change in quantity)/(Percentage change in price)

Price elasticity of demand = [{(Q2-Q1)100}/{(Q1+Q2)/2}] / [{(P2-P1)100}/{(P1+P2)/2}]

Price elasticity of demand = [{(20-100)100}/{(20+100)/2}] / [{(44000-42000)100}/{(44000+42000)/2}]

Price elasticity of demand = [{-8000}/{60}] / [{200000}/{(43000}]

Price elasticity of demand = 133.33 / 4.65

Price elasticity of demand = 28.67 (Approx.)

Hoda is creating a report in Access using the Report Wizard. Which option is not available for adding fields using the wizard?

Tables
Queries
Reports
All are available options.

Answers

Answer:

Report is not available

Explanation:

From the given options, only the Reports is not an available option for adding fields using the wizard.

To create a report using the wizard, you have to navigate through

Create -> Reports Group -> Report Wizard

The attached image will be displayed after clicking the report wizard.

See that the available options to select are (Tables/Queries).

Hence, (c) is true

Suppose that there is asymmetric information in the market for used cars. Sellers know the quality of the car that they are​ selling, but buyers do not. Buyers know that there is a 50​% chance of getting a​ "lemon", a low quality used car. A high quality used car is worth​ $30,000, and a low quality used car is worth​ $15,000. Based on this​ probability, the most that a buyer would be willing to pay for a used car is ​$________. ​(Enter your response rounded to the nearest​ dollar.)

Answers

Answer:

$22,500

Explanation:

Chance of getting low quality car = 50%

Chance of getting high quality car = 50%

Cost of low quality car = $15,000

Cost of high quality car = $30,000

So, Price of the car = 50% of lower quality + 50% of higher quality

= (50% × $15,000) + (50% ×30,000)

=  $7,500 + $15,000

= $22,500

Hence, price of the used car will be $22,500.

In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $400. If both players choose strategy B, each earns a payoff of $200. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns $100 and player 2 earns $600. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns $600 and player 2 earns $100.

Required:
a. Write the above game in normal form.
b. Find each player’s dominant strategy, if it exists.
c. Find the Nash equilibrium (or equilibria) of this game.
d. Rank strategy pairs by aggregate payoff (highest to lowest).
e. Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?

Answers

Answer:

a) attached below

b)  Player 1 dominant strategy =  when he chooses strategy B

     Player 2 dominant strategy = when he chooses strategy B

c) Strategy A is the Nash equilibrium

d) AA  = $800

   AB , BA = $700

   BB = $400

e) Yes

Explanation:

A) The Game written in Normal form

     attached below

B) Determine each player dominant strategy

Player 1 dominant strategy =  when he chooses strategy B

Player 2 dominant strategy = when he chooses strategy B

C) The Nash Equilibrium of the game is when Both players choose strategy A because when they both choose Strategy they both earn $400 each

D) Ranking strategy pairs from Highest to lowest

   AA  = $800

   AB , BA = $700

   BB = $400

E) The outcome can be sustained

because The Nash equilibrium is the same as the highest ranking strategy pair ( i.e. AA  = $800 )

 

   

Someone who gives money or goods to an organization
A. Donor
B. Provider

Answers

Answer:

Donor

plz mark me as brainliest.

Present Value of Ordinary Annuity Period/Rate 5% 6% 7% 8% 9% 10 7.7217 7.3601 7.0236 6.7101 6.4177 11 8.3064 7.8869 7.4987 7.1390 6.8052 12 8.8633 8.3838 7.9427 7.5361 7.1607 13 9.3936 8.8527 8.3577 7.9038 7.4869 Knowledge Check 01 Clean Tel, Inc. is considering investing in an 11-year project with annual cash inflows of $1,000,000. These cash inflows have an initial investment of $7,139,000. At what discount rate would this present value be the same as the initial investment

Answers

Answer:

The discount rate of 8% for 11 year period provides the present value of annual cash flows to be equal to the initial investment.

Explanation:

Using the table of present value of annuity provided, we can check the rate and time period which is return the present value of cash flows from the project to be equal to initial Investment.

We are told that the Project's life is expected to be 11 Years. Thus using the 11 year period from the table we can see the following rates,

11 Year Period

Rate = 5%  ,  Annuity Factor = 8.3064  

Rate = 6%  ,  Annuity Factor = 7.8869

Rate = 7%  ,  Annuity Factor = 7.4987

Rate = 8%  ,  Annuity Factor = 7.1390

Rate = 9%  ,  Annuity Factor =  6.8052

We know that the annual cash flows from the project is $1,000,000 and we know the Initial Outlay is $7,139,000.

Multiplying the annual cash flow from the above annuity factors for each rate we can see which rate provides the present value of annual cash flows to be equal to initial outlay.

Rate = 5%  ,  Present value = 8.3064 *  1000000    = $8,306,400  

Rate = 6%  ,  Annuity Factor = 7.8869 *  1000000    = $7,886,900

Rate = 7%  ,  Annuity Factor = 7.4987 *  1000000    = $7,498,700

Rate = 8%  ,  Annuity Factor = 7.1390 *  1000000    = $7,139,000

Rate = 9%  ,  Annuity Factor =  6.8052 *  1000000    = $6,805,200

From the above calculation we can see that the rate of 8% provides the present value of annual cash flows to be equal to the initial investment.

Personal budget
At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:
Cash balance, September 1 (from a summer job) $8,150
Purchase season football tickets in September 130
Additional entertainment for each month 210
Pay fall semester tuition in September 4,200
Pay rent at the beginning of each month 500
Pay for food each month 460
Pay apartment deposit on September 2
(to be returned December 15) 500
Part-time job earnings each month (net of taxes) 1,000
a. Prepare a cash budget for September, October, November, and December.
b. What are the budget implications for Craig Kovar?

Answers

Answer:

Craig Kovar

Cash Budget

                              September    October     November      December

Beginning balance   $8,150        $3,150         $2,980            $2,810

Wages                         1,000          1,000            1,000              1,000

Deposit refund                                                                            500

Total cash receipts  $9,150       $4,150          $3,980           $4,310

Payments:

Season football tickets 130

Entertainment               210            210                210                210

Semester tuition       4,200                                                    4,200

Rent                              500          500               500               500

Food                             460          460               460                460

Apartment deposit      500

Total payments      $6,000       $1,170            $1,170          $5,370

Cash balance          $3,150     $2,980           $2,810         ($1,060)

b. Craig needs to borrow $1,060 in December to meet up with expenses.  Alternatively, he will need to increase his monthly earnings by more than $265.  He can also reduce his monthly expenses by $265 at least, especially from additional entertainment and food.  He should also start considering how he could survive January without additional income.

Explanation:

a) Data and Calculations:

Receipts:

Cash balance, September 1 (from a summer job) $8,150

Part-time job earnings each month (net of taxes) 1,000

Apartment deposit returned in December $500

Payments:

Season football tickets in September 130

Additional entertainment for each month 210

Semester tuition in September 4,200

Rent at the beginning of each month 500

Food each month 460

Apartment deposit on September 2  500

Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,740 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 34.60 Wages and salaries $ 2,600 $ 7.60 Food and supplies 1,600 14.10 Facility expenses 8,100 3.10 Administrative expenses 6,600 0.10 Total expenses $ 18,900 $ 24.90 Actual results for March: Revenue $ 125,356 Wages and salaries $ 28,560 Food and supplies $ 54,875 Facility expenses $ 19,150 Administrative expenses $ 7,096 The spending variance for food and supplies in March would be closest to:

Answers

Answer:

$541 Unfavorable

Explanation:

Flexible budget for food and supplies = Fixed expenses + (Actual activity * Variable cost per tenant day)

Flexible budget for food and supplies = $1,600 + (3,740 * $14.10)

Flexible budget for food and supplies = $1,600 + $52,734

Flexible budget for food and supplies = $54,334

Spending variance = Actual results - Flexible budget

Spending variance = $54,875 - $54,334

Spending variance = $541 Unfavorable

A customer of RoughEdge Sharpeners alleges that RoughEdge's new razor sharpener had a defect that resulted in serious injury to the customer. RoughEdge believes the customer has a possible chance of winning the case, and that if the customer wins the case, there is a range of losses of between $1,000,000 and $3,000,000 in which any number is equally likely to occur. Under U.S. GAAP, RoughEdge should accrue a liability in the amount of:

Answers

Answer:

$5,000,000,000,000,000,000.000

Select the education and qualifications that are most helpful for Warehousing and Distribution Center Operations careers. Check all that apply.

high school degree
stamina
leadership
patience
concentration skills
associate degree
creativity

Answers

Answer:

High school degree

Stamina

Patience

Concentration skills

Explanation:

Just did it on edg.

The education and qualifications that are most helpful for Warehousing and Distribution Center Operations careers are:

High school degreeStaminaPatienceConcentration skillsWhat is Warehousing and Distribution Center Operation?

Distribution centers offer value-added services such product mixing, order fulfilment, cross-docking, kitting, and packing in addition to the primary function of storing items in warehouses. Distribution centers, in contrast to warehouses, also only keep the necessary quantity of goods for a shorter amount of time.

Because they primarily support B2B enterprises as a conduit between suppliers and customers, distribution centers are more customer-centric. Distribution centers are in charge of effectively meeting customer demands and expectations; warehouses are in charge of safely keeping products.

Operations at distribution centers are therefore more complicated than those at warehouses. Distribution centers use state-of-the-art technology for order processing, inventory management, warehouse management, and transportation management.

Define concentration.

"The ability to direct your thinking in any direction you choose and to hold it for as long as you choose" is the definition of concentration.

Concentration is the capacity to narrow the field of awareness to one particular idea or subject while rejecting all other distractions.

One of the most crucial skills anybody should have is the capacity to concentrate. However, the majority of people find it difficult to focus. They frequently can't focus on one thing for a reasonable amount of time since their attention tends to wander.

This is a problem that can be solved. The capacity for concentration can be improved, just like any other talent. A person who practices mental discipline may concentrate without being interrupted by thoughts, sounds, or anything else.

While you might occasionally appear to be reading or concentrating on your work, if your attention is diverted you probably won't be able to retain the information for long enough to use it properly to produce something intelligible.

If you find the subject matter to be "boring," you're too sleepy or hungry, you have too much on your plate, you lack motivation for a long-term or short-term goal, or you're very concerned or worried and easily distracted, your ability to focus may be affected.


To learn more about concentration, click here

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Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign only to indicate a NET cash outflow for the section.
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:
1 Dec 31, 20Y8 Dec 31, 20Y7
2 Assets
3 Cash $75,170 $92,110
4 Accounts Receivable (net) 115,500 124,180
5 Merchandise Inventory 165,000 153,920
6 Prepaid Expenses 6,720 4,660
7 Equipment 336,110 275,760
8 Accumulated depreciation-equipment (87,390) (67,630)
9 Total Assets $611,110 $583,000
10 Liabilities and Stockholder's Equity
11 Accounts Payable (merchandise creditors) $128,330 $121,850
12 Mortgage note payable 0 174,900
13 Common stock, $1 par 19,000 12,000
14 Paid-in capital: Excess of issue price over par-common stock 297,000 164,000
15 Retained Earnings 166,780 110,250
16 Total Liabilities and Stockholders' Equity $611,110 $583,000
Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:
A Net Income, $144,720
B Depreciation reported on the income statement, $42,650
C Equipment was purchased at a cost of $83,240, and fully depreciated equipment costing $22,890 was discarded, with no salvage realized
D The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty
E 7,000 shares of common stock were issued at $20 for cash
F Cash dividends declared and paid, $88,190
Yellow Dog Enterprises Inc
Statement of Cash Flows
For the year ended December 31, 20Y8
1 Cash flows from operating activities
2
3 Adjustments to reconcile net income to net cash flow from operating activities
4
5 Changes in current operating assets and liabilities
6
7
8
9
10 Net cash flow from operating activities
11
12 Cash flows from (used for) investing activities
13
14 Net cash flow used for investing activities
15
16 Cash flows from (used for) financing activities
17
18
19
20 Net cash flow used for financing activities
21
22 Cash at the beginning of the year
23
24 Cash at the end of the year
25

Answers

Answer:

Yellow Dog Enterprises Inc.

Yellow Dog Enterprises Inc

Statement of Cash Flows

For the year ended December 31, 20Y8

1 Cash flows from operating activities  

2 Net income                                                            $144,720

3 Adjustments to reconcile net income to net

cash flow from operating activities

4 Depreciation expense                                             42,650

5 Changes in current operating assets and liabilities

6 Accounts Receivable (net)                                        8,680

7 Merchandise Inventory                                           -11,080

8 Prepaid Expenses                                                   -2,060  

9 Accounts payable                                                    6,480

10 Net cash flow from operating activities          $189,390

11

12 Cash flows from (used for) investing activities

13 Purchase of equipment                                     -83,240

14 Net cash flow used for investing activities      (83,240)

15

16 Cash flows from (used for) financing activities

17 Common stock issued                                     140,000

18 Cash Dividends paid                                         -88,190

19 Mortgage note payable                                  -174,900

20 Net cash flow used for financing activities  (123,090)

21  Net Cash Flows                                             ($16,940)

22 Cash at the beginning of the year                 $92,110

23

24 Cash at the end of the year                           $75,170

25

Explanation:

a) Data and Calculations:

Comparative balance sheet of

Yellow Dog Enterprises Inc.

At December 31, 20Y8 and 20Y7

1                                                            Dec 31, 20Y8 Dec 31, 20Y7

2 Assets                                                                                           Changes

3 Cash                                                            $75,170      $92,110    -$16,940

4 Accounts Receivable (net)                         115,500       124,180       -8,680

5 Merchandise Inventory                             165,000     153,920        11,080

6 Prepaid Expenses                                         6,720         4,660        2,060

7 Equipment                                                   336,110    275,760      60,350

8 Accumulated depreciation                        (87,390)    (67,630)      (19,760)

9 Total Assets                                               $611,110 $583,000      

10 Liabilities and Stockholders Equity

11 Accounts Payable                                   $128,330   $121,850      $6,480

12 Mortgage note payable                              0            174,900    -174,900

13 Common stock, $1 par                              19,000      12,000         7,000

14 Paid-in capital-common stock               297,000    164,000     133,000

15 Retained Earnings                                  166,780     110,250      

16 Total Liabilities & Stockholders' Equity $611,110 $583,000

Analysis of additional information:

A Net income  $144,720

B Depreciation expense = $42,650

C Equipment purchase $83,240 Cash $83,240

   Discarded Equipment = $22,890

E Cash $140,000 Common stock issued $7,000 Paid-in Capital $133,000

F Cash Dividends $88,190 Cash $88,190

Equipment Account

Account Titles          Debit      Credit

Beginning balance  275,760

Cash                          83,240

Discarded equipment           22,890

Ending balance                      336,110

Jameson Corporation was organized on May 1. The following events occurred during the first month.
A. Received $67,000 cash from the five investors who organized Jameson Corporation. Each investor received 110 shares of $10 par value common stock.
B. Ordered store fixtures costing $10,000.
C. Borrowed $16,000 cash and signed a note due in two years.
D. Purchased $18,000 of equipment, paying $1,400 in cash and signing a six-month note for the balance.
E. Lent $1,700 to an employee who signed a note to repay the loan in three months.
F. Received and paid for the store fixtures ordered in (b).
Required:
Prepare journal entries for each transaction.

Answers

Answer:

Transaction A

Debit  : Cash $67,000

Credit : Common Stock $67,000

Transaction B

Debit  : Store fixtures $10,000

Credit : Accounts payable $10,000

Transaction C

Debit  : Cash $16,000

Credit : Note Payable $16,000

Transaction D

Debit  : Equipment $18,000

Credit : Cash $1,400

Credit : Note Payable $16,600

Transaction E

Debit  : Note Receivable $1,700

Credit : Cash $1,700

Transaction F

Debit  : Accounts Payable $10,000

Credit : Cash $10,000

Explanation:

When there is no immediate payment of cash recognize a liability  accounts payable otherwise recognize cash.

The statement of cash flows (as well as the balance sheet) includes within cash the notion of cash equivalents. The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles. Required: 1. Obtain the relevant authoritative literature on cash equivalents using the FASB Accounting Standards Codification at the FASB website (www.fasb.org). What is the specific seven-digit Codification citation (XXX-XX-XX) that describes the guidelines for determining what items should be deemed cash equivalents

Answers

Answer: FASB ACS 305-10-20

Explanation:

The FASB Accounting Standards Codification simply refers to the source with regards to accounting principles that are generally accepted.

It should be noted that the specific seven-digit Codification citation that describes the guidelines for determining the items that should be deemed cash equivalents is FASB ACS 305-10-20. The main guideline contained here is that cash equivalents can be changes easily to cash.

Why should you be able to create, share, and maintain documents?

Answers

Answer:

it helps the business run smoother

Explanation:

Simon's most recent income statement is given below. Sales (8,000 units) $160,000 Less variable expenses (68,000) Contribution margin 92,000 Less fixed expenses (50,000) Net income $42,000 Required: a. Contribution margin per unit is b. If sales are doubled total variable costs will equal c. If sales are doubled total fixed costs will equal d. If 20 more units are sold, profits will increase by e. Compute how many units must be sold to break even. f. Compute how many units must be sold to achieve operating income of $60,000. g. Compute the revenue needed to achieve an after tax income of $30,000 given a tax rate of 30%.

Answers

Answer:

a. $11.50

b. $136,000

c. $50,000

d. $230

Explanation:

Contribution = sales - variable costs

Fixed costs do not vary with level of sales or production.

g Customers arrive at the window at a rate of 12 per hour and it take the teller 4 minutes, on average, to serve a customer. Use this information to calculate the requested items in columns a and b. The BHFC's operations manager is considering adding a second window to this branch which would cost the bank $20,000 annually. The operations manager also estimates the bank's revenue will increase by $2,000 annually for each minute of reduction in custimer waiting time. Should the BHFC add the second window?

Answers

Answer:

The BHFC

The BHFC should add the second window as it will half customer's waiting time and increase revenue for the branch.

Explanation:

a) Data and Calculations:

Customers arrival rate at the window = 12/hour

equivalent to 12/60 minutes or 1/5 minutes

Time the teller takes to serve a customer = 4 minutes

Total time to serve 12 customers in an hour = 48 minutes

Cost of adding a second window to the branch = $20,000

Savings in reducing customer waiting time = $2,000

Average customer waiting time = 4 minutes

Total time to serve 12 customers in an hour using the second window = 24 minutes (48/2)

Therefore, customers waiting time will half to 2 minutes (4/2)

Increase in revenue by the reduction in customer waiting time = $2,000 * 24 = $48,000

Net saving = $28,000 ($48,000 - $20,000)

Before negotiating a long-term construction contract, build- ing contractors must carefully estimate the total cost of completing the project. Benzion Barlev of New York University proposed a model for total cost of a long-term contract based on the normal distribution(Journal of Business Finance and Accounting, July 1995). For one particular construction contract, Barlev assumed total cost, x, to be normally distributed with mean $850,000 and standard deviation $170,000. The revenue, R, promised to the contractor is $1,00,000.

Required:
a. The contract will be profitable if revenue exceeds total cost. What is the probability that the co ntract will be profitable for the contractor?
b. What is the probability that the project will result in a loss for the contractor?
c. Suppose the contractor has the opportunity to renegotiate the contract. What value of R should the contractor strive for in order to have a .99 probability of making a profit?

Answers

Answer:

Benzion Barlev of New York University

NEGOTIATION OF A LONG-TERM CONSTRUCTION CONTRACT

a. The probability that the contract will be profitable for the contractor is:

= 81%

b. The probability that the project will result in a loss for the contractor is:

= 19%

c. The value of R that the contractor should strive for in order to have a .99 probability of making a profit is:

= $1,246,100.

Explanation:

a) Data and Calculations:

Mean total cost (x) = $850,000

Standard deviation = $170,000

Revenue = $1,000,000

Probability of being profitable = (R - x)/std deviation

= ($1,000,000 - $850,000)/$170,000

= $150,000/$170,000

= 0.882

From Z table, 0.882 = 0.81057 = 81%

Probability of loss = 19% (100 - 81%)

To have a 99% (0.99) probability of making a profit, Z value = 2.33 from the Z table:

(R - x)/std deviation = 2.33

(R - x) = 2.33 * $170,000

= $396,100

(R - $850,000) = $396,100

R = $396,100 + $850,000

R = $1,246,100

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