Answer:
200 option > 300 option > 100 option
300 option > 200 option. > 100 option
100 option > 200 option > 300 option
Explanation:
Given that:
At 10% interest rate:
Amount / (1 + rate)^n ; n = Period ;
Amount of $100 in 1 year
100/(1 + 0.1)^1 = 90.909
Amount $200 in 5 years :
200/(1+0.1)^5 = 124.184
Amount $300 in 10 years :
300/(1+0.1)^10 = 115.663
$200 option > 300 option > 100 option
When rate = 5% per year
Amount of $100 in 1 year
100/(1 + 0.05)^1 = 95.238
Amount $200 in 5 years :
200/(1+0.05)^5 = 156.705
Amount $300 in 10 years :
300/(1+0.05)^10 = 184.174
300 option > 200 option. > 100 option
When rate = 20% per year
Amount of $100 in 1 year
100/(1 + 0.2)^1 = 83.333
Amount $200 in 5 years :
200/(1+0.2)^5 = 80.376
Amount $300 in 10 years :
300/(1+0.2)^10 = 48.452
100 option > 200 option > 300 option
An employer is concerned that her workplace has only a few African-Americans, Hispanics, and women in upper-level management and skilled labor jobs. Most unskilled-labor and clerical positions are held by women and minorities. The employer decides to institute a program that will increase the numbers of minorities and women in management and skilled-labor positions. Is this permissible
Answer:
This is not permissible
Explanation:
This is not permissible because giving them any forms of special treatments is going to be considered to be discriminatory to other people.
Discrimination on the basis of gender, age, color, religion is illegal in the united states and considered a criminal offense.
So even though management has good intentions they have to consider;
1. If these group of people have the required qualifications
2. If there are openings to accommodate these groups given that they are qualified.
3. Filling up every job with this group is going to be regarded as reverse discrimination.
If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)
Answer:
The owner withdrew $8,300
Explanation:
As per given Data
_______________ Assets ____Liabilities
Beginning of Year: $25,000 ___$17,000
End of Year: _____$62,000 ___$27,000
First, we need to the Beginning and Ending Equity value using following formula
Equity = Assets - Liabilities
Beginning Equity = Beginning Assets - Beginning Liabilities
placing values in the formula
Beginning Equity = $25,000 - $17,000 = $8,000
Ending Equity = Ending Assets - Ending Liabilities
placing values in the formula
Beginning Equity = $62,000 - $27,000 = $35,000
Now use the following formula to calculate the amount of drawing
Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal
Placing values in the formula
$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal
$35,000 = $43,300 - Owner withdrawal
Owner withdrawal = $43,300 - $35,000
Owner withdrawal = $8,300
On 1/1/27, Frankfort Company sold 100 components at $700 each. All sales were cash sales. Estimated total cost servicing the components was $1,300 each year of the three-year-warranty. Frankfort spent $1,400 servicing the components in 2027. This is considered an assurance-type warranty. Using the Expense Warranty approach, what is the 12/31/27 Warranty Liability
Answer:
the 12/31/27 Warranty Liability is $2,500
Explanation:
An assurance type warranty gives a customer assurance that the Good or Service will function or work as intended.
There is no option on the customer to take the warranty or not. Therefore, an assurance type warranty is not a separate performance obligation for revenue recognition.
Assurance type warranties are accounted for in terms of IAS 37 : Provisions.
Entries that Frankfort Company will have made Using the Expense Warranty approach will be :
Date : 1/1/27
Debit : Warranty Expense $1,300
Credit : Warranty Provision $1,300
Providing for amount it will cost the entity in 2027
Date : 12/31/27
1st increase the provision
Debit : Warranty Expense $100
Credit : Warranty Provision $100
then utilize the provision
Debit : Warranty Provision $1,400
Credit : Cash $1,400
When warranty claim is subsequently received
Conclusion :
Warranty liability remaining = $3,900 - ($1,300 + $100)
= $2,500
Wisconsin Rentals purchased office supplies on credit. The general journal entry made by Wisconsin Rentals will include a:
Answer:
d. Credit to Accounts Payable.
Explanation:
The general journal entry by Wisconsin rentals for purchasing office supplies on credit is as follow:
Office supplies Dr XXXXX
To Account payable XXXXX
(Being office supplies purchased on credit is recorded)
Here the office supplies is debited as it increased the assets and credited the account payable as it also increased the liabilities
starbucks repurchased over 1.4 billion of its common stock in 2015. did this repurchase increase or decrease roe
The Lion Incorporated is currently going bankrupt and is a subsidiary of the Dorothy Ltd. The CFO of the Dorothy Ltd is preparing consolidating statements for a listing of the company on the French stock exchange. She does not include in consolidation the Lion Company, saying Lion does not have and is not in the process of having debt or equity instruments that are publically traded. The CFO is:
Answer: In compliance with the IFRS
Explanation:
Based on the information given in the question, we can say that the CFO is in compliance with the IFRS. IFRS Standards are typically used by accountable entities. We should note that even though IFRS Standards are normally permitted, it is not required for every accountable entities.
In the scenario in the question, we are informed that the CFO does not include in consolidation the Lion Company, saying Lion does not have and is not in the process of having debt or equity instruments that are publically traded. In this case, the CFO is in compliance with the IFRS.
The flowtime of the last job in a single work center’s schedule is 7 days. What is the makespan of this schedule?
Answer:
7 days
Explanation:
Makes-pan means the time it takes to complete a schedule. Last job took 7 days to complete and it was a single job, which means its makes-pan was 7 days as well.
g A debit is used to record which of the... A debit is used to record which of the following: Multiple Choice A decrease in an asset account. A decrease in an expense account. An increase in a revenue account. An increase in the common stock account. An increase in the dividends accoun
Answer:
An increase in dividends account
Explanation:
In accounting, a debit is used to record an increase in asset, an increase in expense and a decrease in liability.
With regards to the above, the correct option is an increase in dividends account because dividend is a current asset hence a debit records an increase in assets. Dividend is the returns paid to an investor or shareholder who invest or buys shares in a company. It is the reward paid to an investor for investing in a company.
On August 1, 2021, Dambro Company acquired 1,200, $1,000, 9% bonds at 97 plus accrued interest. The bonds were dated May 1, 2018, and mature on April 30, 2027, with interest paid each October 31 and April 30. The bonds will be added to Dambro's available-for-sale portfolio. The preferred entry to record the purchase of the bonds on
Answer:
Dr Debt Investments 1,164,000
Dr Interest Revenue 27,000
Cr Cash 1,191,000
Explanation:
Preparation of The preferred entry to record the purchase of the bonds
Based on the information given the preferred journal entry to record the purchase of the bonds will be :
Dr Debt Investments 1,164,000
(1,200 × $1,000 × .97)
Dr Interest Revenue 27,000
($1,200,000 × .09 × 3/12)
(04/31 – 08/01)
Cr Cash 1,191,000
($1,164,000 + $27,000)
"Tom, at Bode Corporation we align our individual goals with the company's goals.
That is, as managers, we use
to drive ourselves and our employees
to accomplish key goals that are linked with the company's success," said Tom's new
CEO.
remuneration
contingency management
quantitative management
management by objective
time-and-motion studies
Firms are organizations that A) take advantage of the public. B) transform resources into products. C) transform outputs into inputs. D) demand consumer outputs
Answer:
B
Explanation:
A firm is an organisation that is created to make profit. They transform resources into products
They include :
corporations limited liabilitiespartnershipsManagement needs to be prepared to deal with problems and seize opportunities as they arise. A company often identifies alternative courses of action to be taken if events undercut a strategic or tactical plan. These are called _____ plans.
Answer:
contingency.
Explanation:
Management needs to be prepared to deal with problems and seize opportunities as they arise. A company often identifies alternative courses of action to be taken if events undercut a strategic or tactical plan. These are called contingency plans.
A contingency plan can be defined as a set of alternative plans that are designed and developed by an organization for continuous operation of the business in case of an emergency or when there is a failure in the primary (core) plan.
how do you decide whether the company should employ aggressive capital investments in global business areas
Answer:
One key managerial tool that can help decide whether or not a company should employ aggressive capital investments in global business areas is capital budgeting.
Capital budgeting is a quantitative evaluation of the opportunities within a business space and helps management to decide based on the most acceptable trade-off between returns on investment and risk, which opportunity is worth taking a shot at.
Explanation:
Availability of Capital: Capital budgeting assumes that there is enough capital in the first place.
Payback Period: This is a budgeting technique that measures the time taken to recover the initial capital outlay into a business. Some investment have long payback periods other short payback time frame. A short payback period is generally more acceptable than a medium-term or longer-term payback. However, none of the payback period frames are in themselves good or bad. They become acceptable or not when compared to other factors. For example, in a business space or industry where there is a very high barrier to entry such as a patent protecting competition from replicating a similar product, a long-term payback becomes acceptable as long as it fall within the patent period.
There are so many other capital budgeting related factors that help the investor company decide how aggressive it should go. They are:
Internal Rate of ReturnProfitability IndexNet Present Value etcRisks: Given that the company is playing in the global business arena, knowledge about global risks and in-country specific risks are very strong determinants about whether or not the company can go aggressive.
If the financial feasibility is high and the risk is very high, the company may excercise restraint.
If the risks are very low, the company may go aggressive.
Detailed Business Plan: It is a very good practice to have a detailed business plan for investing in certain areas.
One key component of the business plan other than those already discussed is the Human Capital component.
If the risk of the investment if admissible and the financial feasibility checks out, there has to be adequate availability of human capital to manage the investments.
Regardless of how big the company is, I would thread carefully if we don't have tested and trusted hands at the executive level to oversee capital investments.
Cheers
Nebraska Inc. issues 4,100 shares of common stock for $131,200. The stock has a stated value of $15 per share. The journal entry to record the stock issuance would include a credit to Common Stock for
Answer:
$61,500
Explanation:
Based on the information given if the company
issues 4,100 shares of common stock for the amount of $131,200 in which the stock has a stated value of $15 per share which means that The journal entry to record the stock issuance would include a credit to Common Stock for $61,500 Calculated as:
Credit to Common Stock=4,100 shares*$15 per share
Credit to Common Stock=$61,500
Suppose Kim purchases a new personal computer produced in China for $ 2,800. What is the effect on the components of GDP and GDP as a whole
Answer and Explanation:
The effects are as follows:
Consumption would rise by 2,800
In the investment there is no change i.e. zero
In the government expenditure also, there is no change i.e. zero
Net exports would be reduced by $2,800 i.e. (exports - imports) so here the export is $0 and the import is $2,800
So the change in GDP would be zero as
= Increase in consumption - decrease in net exports
= $2,800 - $2,800
= $0
Gloria just started working for GlenMack. As part of her signing bonus, she received 20 shares of GlenMack stock. Gloria is excited to contribute to the company and to track the value of her shares on the New York Stock Exchange. GlenMack must be:
Answer:
Public Company
Explanation:
In the given case, since it is mentioned that Gloria working for GlenMack now as a part of the signing bonus she received twenty shares from the stock of GlenMack now she is excited to contribute to the company and also wants to track the shares value on the new york stock exchange so here the Glenmust must be public company as the stock are listed on the stock exchange
So the same is to be relevant
Uncollectible accounts are determined by the percent-of-sales method to be % of credit sales. How much is uncollectible-account expense for ?
Answer:
$1,160
Explanation:
Hie, I have attached the full question as an image below.
The firm usually makes provision for certain amounts so as not to overstate their profits. This expected as it is prudent than reporting profits that might never occur. Provisions of Uncollectible accounts are examples of such amounts.
An increase in Uncollectible amount compared to the opening balance is treated as an Expense in the Income Statement whilst a decrease is treated as an Income.
For this question, we are told that Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. Thus calculation of the 2012 uncollectible-account expense is as follows :
Credit Sales - 2012 = $44,000
Beginning Balance in allowances = $600
Therefore,
Uncollectable Amount (2012) = Credit Sales x percent-of-sales
= $44,000 x 4%
= $1,760
The Uncollectable amount has increased by $1,160 ($1,760 - $600)
Conclusion :
The collectible-account expense for 2012 is $1,160
Explain how current economic indicators, such as inflation and unemployment, affect you personally. Explain how they may affect you as a manager
Answer is given below :
Explanation:
In an economy, inflation raises the price level of the basket of goods and services, thus reducing the demand for this affected good and services. This decrease will increase the listings in companies as sales of these goods and services will decrease. Production is the work of labor and capital, NRSE inflation is reduced and there is no need for more production at the company level to reduce the inventory sold, which allows firms to reduce costs in the form of labor cost and other variable costCompanies tend to sell their untold innovations due to declining sales and top-downs that reduce profit margin. Therefore managers are concerned about the profitability of the company and their bonus.Leasing a car for a short time is usually cheaper than buying the same car since __________.
a.
insurance premiums are lower for leased cars
b.
leasing generally comes with a lower interest rate
c.
people who lease cars are considered more responsible than those who buy
d.
in leasing a car you pay only for the depreciation of the car rather than the total value
Answer:
D
Explanation:
For a person to Lease a car for a short time is said to be cheaper than buying the same car since in leasing a car you pay only for the depreciation of the car rather than the total value.
Is Leasing a car cheaper then buying the same car?The purchasing of a vehicle after the lease can save you a lot of extra fees and penalties.
Leasing a car has its own benefits that do appeal to a lot of drivers. it is said to Lower monthly payments.
Learn more about Leasing from
https://brainly.com/question/24460932
Suppose you have $1,000 today and the risk-free rate of interest (rf) is 3.5%. The equivalent value in one year is closest to:
Answer:
$1,035
Explanation:
One dollar today is worth more than one dollar tomorrow. This is one of the basic pillars of finance, if not the most important one. It refers to time value of money. It is easier to understand if we work the other way around. How much would you be willing to pay if you were to receive $1,000 in one year if the risk free interest rate was 3.5%? The present value = $1,000 / 1.035 = $966.18. Inversely, today I have $1,000, so how much should it be worth in one year = $1,000 x 1.035 = $1,035.
37.Ralph is known throughout the company as being an old curmudgeon. But, he is without a doubt the most knowledgeable person in the fraud analysis department. The system project you are working on has to have an interface to various fraud applications. How should you prepare for an interview with Ralph
Answer:
Make Ralph understand WHY he needs to be interviewed. Make sure he understands the business value of the proposed system and why his input is vital. Send him questions in advance; talk to somebody who knows him so you can understand him more.
Explanation:
In the given scenario Ralph was described as an old curmudgeon. This means he is an ill tempered person that generally expresses no joy.
However he is without a doubt the most knowledgeable person in the fraud analysis department.
In preparation to interview him there is a need to make him understand why there needs to be an interview. When he sees the need for the interview he will be more engaged.
This can be done by explaining business value of the proposed system and why his input is vital.
Also questions can be sent to him ahead of the interview songs can better prepare
Precision Aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE
Answer: 16.88%
Explanation:
Going by the Dupont 3 step method to calculate Return on Equity, the formula for ROE is:
ROE = Net Profit Margin * Assets turnover * Equity Multiplier
= 6.25% * 1.5 * 1.8
= 0.16875
= 16.88%
McAlister Company is operating at capacity and desires to add a new service to its rapidly expanding business. The service should be added as long as service revenues exceed: the sum of variable costs and any related opportunity costs. variable costs. the sum of variable costs, fixed costs, and any related opportunity costs. the sum of variable costs and fixed costs. fixed costs.
Answer:
the sum of variable costs and any related opportunity costs
Explanation:
They can add this new service given that this condition is met. As long as service revenue is greater than the sum of variable cost and any related opportunity cost. This is because it covers variable expenses.
If the situation is that a new service/division has been added, then the deciding factor would be if the new product or this division can cover for the various variable expenses that was incurred.
If the direct labor rate variance is $500 favorable, and the direct labor efficiency variance is $250 unfavorable, the journal entry will include a: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply Debit to direct labor rate varianceunanswered Credit to direct labor rate varianceunanswered Debit to direct labor efficiency variance Credit to direct labor efficiency variance
Answer:
Debit to direct labor efficiency variance
Credit to direct labor rate variance
Explanation:
Preparation the journal entry
Based on the information given in a situation where the direct labor rate variance is favorable with the amount of $500 which means that the FAVOURABLE VARIANCE will be CREDITED and in a situation where the direct labor efficiency variance is unfavorable with the amount of $250 which means that that UNFAVORABLE VARIANCE will be DEBITED reason been that FAVOURABLE VARIANCE are tend to be CREDITED while UNFAVORABLE VARIANCE on the other hand are tend to be DEBITED .
Therefore the journal entry will include a:
Debit to direct labor efficiency variance (UNFAVORABLE)
Credit to direct labor rate variance (FAVOURABLE)
The group of retired executives that work with small businesses as advisors on a wide range of issues is called the:
Answer:
Service Corps of Retired Executives (SCORE
Explanation:
The SCORE is a non profit organization. Their members are retired executives who are engaged with the provision of free consultation and counseling services and also giving advices to entrepreneurs and small business owners.
This organization has offices in most parts of the united states and their services can be rendered in person or online. Their counseling services are in all areas and the client bears no charges.
The price of hotdog buns increases sharply. Indicate what will happen to the demand for DECADOGS, a nadonally-recognized brand of hotdog.
Answer:
The demand for DECADOGS in this scenario will decrease sharply
Explanation:
The demand for DECADOGS in this scenario will decrease sharply. This is because as the price of hotdog buns increases less and fewer individuals will purchase hotdog buns because they simply cannot afford to pay those prices or believe they are not worth the price. Since hotdog buns and hotdog demand are correlated with one another (since they are foods that depend on one another), people will not need to buy DECADOGS hotdogs since they are not buying the hotdog buns.
1. Seven out of every ten families in America live
loan to loan
job to job
paycheck to paycheck
house to house
Answer:
paycheck to paycheck
Explanation:
Living from paycheck to paycheck means that a big proportion of an individual or household income is spent on expenses. It is a situation where individuals do not save for emergencies and have no tangible investments. Almost all their incomes are spent on consumables.
In the US, over 70 % of households have not saved for rainy days. Should these families lose their source of income, they will have challenges in meeting their financial obligations almost immediately.
The financial analysis component of a business plan is to describe
a. how your business will be organized and what type of management or department structure
your business will have
b. the ?big picture? behind your business, what your business has to offer the consumer, and
why your business will be successful
c. the size of the market, how your business will fit into the market, and how your business will
stand out from other businesses in the market
d. where the funds to start and operate your business will come from, when you expect to see
profit, and how much profit you expect to see
Answer:
Option D
Explanation:
Option D explains more in terms of financial aspects
Answer:
D.where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see.
Explanation:
Did on edge 2021
All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Moon Appliance has no alternative use for its manufacturing facilities. Nadal Parts Company has offered to sell 9,000 units of Part B89 to Moon Appliance for $20.00 per unit. What should Moon Appliance do
Answer:
The correct option is a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Moon Appliance manufactures a variety of appliances which all use Part B89. Currently, Moon Appliance manufactures Part B89 itself. It has been producing 9,000 units of Part B89 annually. The annual costs of producing Part B89 at the level of 9,000 units include:
Direct materials = $3.00
Direct labor = $8.00
Variable manufacturing overhead = $4.00
Fixed manufacturing overhead = $3.00
Total cost = $18.00
All of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier. Assume Moon Appliance can purchase 9,000 units of the part from the Nadal Parts Company for $20.00 each, and the facilities currently used to make the part could be used to manufacture 7,000 units of another product that would have a $6 per unit contribution margin. If no additional fixed costs would be incurred, what should Moon Appliance do?
Select one:
a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.
b. Make the new product and buy the part to earn an extra $4.00 per unit contribution to profit.
c. Continue to make the part to earn an extra $3.00 per unit contribution to profit.
d. Continue to make the part to earn an extra $8.00 per unit contribution to profit.
The explanation of the answer is now given as follows:
Since all of the fixed manufacturing overhead costs would continue whether Part B89 is made internally or purchased from an outside supplier, it implies that the fixed manufacturing overhead costs will not be considered in taking the decision.
We therefore proceed as follows:
Amount saved and generated per unit by outsourcing = Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Per unit contribution margin from another product = $3 + $8 + $4 + $6 = $21
Price to buy from Supplier = $20
Extra per unit contribution to profit = Amount saved and generated per unit by outsourcing – Price to buy from Supplier = $21 - $20 = $1
Therefore, the correct option is a. Make the new product and buy the part to earn an extra $1.00 per unit contribution to profit.
Banks are financial intermediaries that: A. have customer deposits as its primary asset and loans to borrowers as their primary liability.
Answer:
False
Explanation:
Exactly the opposite is true: banks are financial intermediaries that have customer deposits as their primary liability, and customer loans as their primary asset.
The reason is that customer deposits can be withdrawn at any time (at least in theory), and the bank is obliged to give back the deposited money to the customer.
Loans, on the other hand, are assets, because they provide the bank with interset, and an asset is simply an economic resource that provides further economic gain to its owner.