Answer:
False
Explanation:
It is not always the case that a management dilemma results in the research question. However, a research question might be defined by an identified need for improvement.
A management dilemma defines the research question is false. The correct option is false.
A research topic is defined as "a question that a research project seeks to answer." A research question must be chosen for both quantitative and qualitative research. Data gathering and analysis will be required for the investigation, and the methods for this may vary greatly. Good research topics are usually focused and specific in order to improve understanding on an essential topic.
To formulate a research topic, one must first decide if the study will be qualitative, quantitative, or mixed. Other circumstances, such as project finance, may have an impact not only on the research topic itself, but also on when and how it is created during the research process.
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QUESTION 9 of 10: The skill set to predict the various aspects of the business several months or even years into the future is called:
a) Supply chain management
b) Forecasting
c) Quality control
Answer:
b) Forecasting
Explanation:
The skill set that is used to predict the aspects of the business in the future is what is known as forecasting.
In field of business or management, forecasting is also known as predicting. It is used to predict the developmental strides that the business would attain in the years to come.
Forecasting is very helpful because it helps to come up with strategies that would be useful to the business in the future.
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A company uses a perpetual inventory system. The company began its fiscal year with inventory of $998,000. Purchases of merchandise on account during the year totaled $3,124,089. Merchandise costing $3,456,980 was sold on account for $6,909,879. Prepare the journal entries to record these transactions.
Answer:
Date Account Titles and Explanation Debit Credit
Inventory $3,124,089
Account payable $3,124,089
(To record purchase of merchandise inventory)
Account receivables $6,909,879
Sales revenues $6,909,879
(To record sales on account)
Cost of goods sold $3,456,980
Inventory $3,456,980
(To record the cost of sales)
Which of the following is a fixed expense for Maria's sandwich food truck?
(A) Salaries for her employees (B) Truck insurance (C) Advertising (D) All of the above
Answer:
Salaries for her employees
Explanation
Salaries for her staff are listed below as a fixed expense for Maria's sandwich food truck. As a result, choice (A) is the right one.
What is a Food Truck?A food truck is a sizable motorized vehicle (like a van) or trailer that is outfitted to prepare, cook, serve, and/or sell food.Some, like ice cream trucks, offer frozen or premade food; others, with on-board kitchens, either make food from scratch or reheat food that was made in a physical commercial kitchen. Sandwiches, hamburgers, french fries, and other local fast food favorites are typical.
Food truck that served gourmet cuisine, a range of specialties, and ethnic menus were incredibly popular by the early 2010s, amid the pop-up restaurant craze.
Cold drinks like water and soda pop may be sold by food trucks. Along with food stalls, carts, and trucks,
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Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records: Total equivalent units of materials: 8,000 Total equivalent units of conversion: 7,240 Units started and completed during the period: 6,100 On the basis of this information, the ending work-in-process inventory's stage of completion is:
Answer:
60%
Explanation:
Calculation for what the ending work-in-process inventory's stage of completion is:
First step is to calculate the Total materials
Total equivalent units of materials + Units started and completed during the period = Total materials or 6,100 + x = 8,000; x = 1,900 (8,100-6,100)
Second step is to calculate Partial units with conversion costs in ending inventory
Using this formula
Partial units with conversion costs in ending inventory= Equivalent units of conversion –
Units started and completed during the period
Let plug in the formula
Partial units with conversion costs in ending inventory= 7,240 – 6,100
Partial units with conversion costs in ending inventory = 1,140 units
Now let calculate the ending work-in-process inventory's stage of completion
Ending work-in-process inventory's stage of completion= 1,140 ÷1,900
Ending work-in-process inventory's stage of completion=0.6*100
Ending work-in-process inventory's stage of completion= 60%
Therefore the ending work-in-process inventory's stage of completion is:60%
1-a. Allocate the lump-sum purchase price to the separate assets purchased. 1-b. Prepare the journal entry to record the purchase. 2. Compute the first-year depreciation expense on the building using the straight-line method, assuming a 15-year life and a $28,000 salvage value. 3. Compute the first-year depreciation expense on the land improvements assuming a five-year life and double-declining-balance depreciation.
Answer:
1. a. Allocated prices
First add the market values = 444,150 + 255,150 + 56,700 + 189,000 = $945,0
00
Building allocated price Land allocated price
= 444,150/ 945,000 * 830,000 = 255,150/945,000 * 830,000
= $390,100 = $224,100
Land improvement allocated price Four vehicles allocate price
= 56,700/945,000 * 830,000 = 189,000/945,000 * 830,000
= $49,800 = $166,000
b. Journal entry
Date Account Details Debit Credit
Jan. 1, 2017 Building $390,100
Land $224,100
Land improvement $49,800
Vehicles $166,000
Cash $830,000
2. Depreciation on building using straight-line method.
= (390,100 - 28,000) / 15
= $24,140
3. Depreciation on land improvements using double declining method.
First do straight line:
= 49,800/ 5 years
= $9,960
Straight line rate of depreciation = 9,960/49,800 = 20%
Double declining will be twice that rate = 40%
Depreciation = 40% * 49,800
= $19,920
Which of the following are sections of the Schedule of Cost of Goods Manufactured?
a. Direct Labor
b. Direct Materials
c. Factory Overhead
d. Cost of Goods Manufactured
e. Cost of Goods Sold
f. Net Income
Answer:
a. Direct Labor
b. Direct Materials
c. Factory Overhead
d. Cost of Goods Manufactured
Explanation:
Costs of Goods Manufactured Schedule records the total of manufacturing costs only. So, consider all costs related to manufacturing process for this question.
With gasoline prices at $3.00 per gallon, consumers are flocking to purchase hybrid vehicles (combination of gasoline and electric motors) that get 50 miles per gallon of gasoline. The monthly payment on a three-year lease of a hybrid is $499 compared to $399 per month on a conventional, equivalent traditional gasoline car that gets 25 miles per gallon. Both vehicles require a one-time $1,500 payment for taxes, license, and dealer charges. Both vehicles have identical lease terms for the residual value, maximum number of miles allowed without penalty, and so forth.
Required:
a. Calculate how many miles the consumer must drive per year to make the hybrid the economical choice over the conventional gasoline-only vehicle.
b. How does your answer to part (a) change if the price of gasoline is $4.00per gallon?
Answer and Explanation:
The computation is shown below:
a. The number of miles driven per year is
Let us assume the mileage be M
Now
$499 + M ($3 ÷ 50) = $399 + M ($3 ÷ 25)
$100 = M(0.12 - 0.06)
M = $100 ÷ 0.06
= 1,666.66 miles per month
For year, it is
= 1,666.66 × 12
= 20,000 miles per year
c. Now in the case when the gasoline price is $4 per gallon
$499 + M ($4 ÷ 50) = $399 + M ($4 ÷ 25)
$100 = M(0.16 - 0.08)
M = $100 ÷ 0.08
= 1,250 miles per month
For year, it is
= 1,250 × 12
= 15,000 miles per year
Miguel Alvarez in the accounting department at Baumer Company has provided the following information:
Cost per Unit Cost per Period
Direct materials $6.25
Direct labor $3.20
Variable manufacturing overhead $1.20
Fixed manufacturing overhead $13,200
Sales commissions $1.20
Variable administrative expense $0.50
Fixed selling and administrative expense $3,300
The incremental manufacturing cost that the company will incur if it increases production from 5,500 to 5,501 units is closest to:_____
The incremental manufacturing cost that the company will incur if it increases production from 5,500 to 5,501 units is closest to $10.65.
Here, the fixed cost would not be relevant for the computation.
Incremental manufacturing cost when production level changed is
= Direct material cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit
= $6.25 + $3.20 + $1.20
= $10.65
In conclusion, the incremental manufacturing cost that the company will incur if it increases production from 5,500 to 5,501 units is closest to $10.65.
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The following units of an inventory item were available for sale during the year. Use this information to answer the following questions.
Beginning inventory 10 units at $55
First purchase 25 units at $60
Second purchase 30 units at $65
Third purchase 15 units at $70
The firm uses the periodic inventory system. During the year, 60 units of the item were sold.
The value of ending inventory using FIFO is:________
a. $1,350
b. $1,150
c. $1,375
d. $1,250
Answer:
The value of ending inventory using FIFO is $1,375
Explanation:
Under FIFO the items of inventory purchases earlier will be sold first and the items purchased later will be sold at last.
First, we need to calculate the total available inventory units
Numbers of units available to sale = Beginning Inventory + First purchase + Second purchase + Third purchase = 10 units + 25 units + 30 units + 15 units = 80 units
Now 60 units out of 80 are sold the remaining 20 units ( 80 units - 60 units ) will be in the ending inventory.
As per FIFO 20 units will be values as per the last 20 units purchases which will be as follow
Ending Invetory = ( 15 units x $70 ) + ( (20-15) units x $65 ) = $1,375
During 2021, Phil Rupp presents the following transactions:_______.
Bank loan proceeds received (to purchase a new car) of $15,000
Wages of $56,821
Contribution to a Roth IRA of $5,000
Pass-through loss from a partnership of $7,637
Interest income earned of $43
Assuming Phil Rupp files as single with one valid dependent in 2017, his gross income is _______, while his adjusted gross income is ______.
Answer:
Assuming Phil Rupp files as single with one valid dependent in 2017, his gross income is __$56,864__, while his adjusted gross income is __$44,227_.
Explanation:
a) Data and Calculations:
Bank loan proceeds received (to purchase a new car) of $15,000
Wages of $56,821
Contribution to a Roth IRA of $5,000
Pass-through loss from a partnership of $7,637
Interest income earned of $43
Gross income:
Wages of $56,821
Interest income earned of $43
Total gross income = $56,864
Adjusted gross income:
Gross income of $56,864
less:
Contribution to a Roth IRA of $5,000
Pass-through loss from a partnership of $7,637 (less than 20% of $56,864)
Adjusted gross income = $44,227 ($56,864 - $5,000 - $7,637)
b) With Pass-through each partner's share of business income, gain, deduction, or loss is passed through to the owner and reported on the owner's personal federal income tax return for the tax year. According to the Tax Cuts and Jobs Act of 2017, individual business owners are entitled to up to 20% of their income as pass-through losses.
Four different corporations, Amber, Blue, Coral, and Daffodil, show the same balance sheet data at at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, arere summarized as follows:
Total Assets Total Liabilities
Beginning of the year $1,220,000 $990,000
End of the year 1,730,000 1,150,000
On the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (First determine the amount of increase or decrease in stockholders' equity during the year).
Amber: No additional common stock was issued and no dividends were paid.
Blue: No additional common stock was issued, but dividends of $60,000 were paid.
Coral: Additional common stock of $140,000 was issued, but no dividends were paid.
Daffodil: Additional common stock of $140,000 was issued and dividends of $60,000 were paid.
Answer:
Amber
Change in stockholders' equity = $580,000 - $230,000 = $350,000
No additional shares issued, so net income = $350,000
Blue
Change in stockholders' equity = $580,000 - $230,000 = $350,000
No additional shares issued, but dividends paid for $60,000, so net income = $410,000
Coral
Change in stockholders' equity = $580,000 - $230,000 = $350,000
Additional shares issued for $140,000, so net income = $210,000
Daffodil
Change in stockholders' equity = $580,000 - $230,000 = $350,000
Additional shares issued for $140,000, dividends paid for $60,000, so net income = $270,000
Which function on the Capital IQ platform allows users to receive notifications when there are any news or key developments entered for selected companies?
Answer: Create New Alert
Explanation:
To receive notification on the Capital IQ platform, an alert would have to be created by "create new alert". To do that navigate to My Capital IQ - My Alerts. Click on “Create New Alert” link and enter a name for the alert you want to create. Select the box next to Key Developments and add companies to your alert.
What is a commodity
Answer:
Something useful or valuable.
Explanation:
_____ is a method of attempting to settle labor disputes in when a specialist from the federal government helps management and the union focus on the issues and acts as a communication channel through which management and the union can send messages and share information with each other.
Answer: e. Conciliation
Explanation:
This process is known as Conciliation and it falls under the purview of the Federal Mediation and Conciliation Service of the United States.
Conciliation stands out from Mediation because with mediation, the third party that is helping both sides negotiate might not be trained but with Conciliation, the third part is a specialist in the process and thus will be more effective in dealing with the dispute.
Billed Mercy Co. $2,400 for services performed.
how to journalize this?
When a business transaction requires a journal entry, we must follow these rules:
The entry must have at least 2 accounts with 1 DEBIT amount and at least 1 CREDIT amount.
The DEBITS are listed first and then the CREDITS.
The DEBIT amounts will always equal the CREDIT amounts.
For another example, let’s look at the transaction analysis we did in the previous chapter for Metro Courier (click Transaction analysis):
1. The owner invested $30,000 cash in the corporation. We analyzed this transaction by increasing both cash (an asset) and common stock (an equity) for $30,000. We learned you increase an asset with a DEBIT and increase an equity with a CREDIT. The journal entry would look like this:
2. Purchased $5,500 of equipment with cash. We analyzed this transaction as increasing the asset Equipment and decreasing the asset Cash. To increase an asset, we debit and to decrease an asset, use credit. This journal entry would be:
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Answer:
All the journal entries illustrated so far have involved one debit and one credit; these journal entries are called simple journal entries. Many business transactions, however, affect more than two accounts. The journal entry for these transactions involves more than one debit and/or credit. Such journal entries are called compound journal entries.
Explanation:
1. The owner invested $30,000 cash in the corporation. We analyzed this transaction by increasing both cash (an asset) and common stock (an equity) for $30,000. We learned you increase an asset with a DEBIT and increase an equity with a CREDIT
2. Purchased $5,500 of equipment with cash. We analyzed this transaction as increasing the asset Equipment and decreasing the asset Cash. To increase an asset, we debit and to decrease an asset, use credit.
3. Purchased a new truck for $8,500 cash. We analyzed this transaction as increasing the asset Truck and decreasing the asset Cash. To increase an asset, we debit and to decrease an asset, use credit.
4. Purchased $500 in supplies on account. We analyzed this transaction as increasing the asset Supplies and the liability Accounts Payable. To increase an asset, we debit and to increase a liability, use credit.
5. Paid $300 for supplies previously purchased. Since we previously purchased the supplies and are not buying any new ones, we analyzed this to decrease the liability accounts payable and the asset cash. To decrease a liability, use debit and to decrease and asset, use debit.
6. Paid February and March Rent in advance for $1,800. When we pay for an expense in advance, it is an asset. We want to increase the asset Prepaid Rent and decrease Cash. To increase an asset, we debit and to decrease an asset, use credit.
7. Performed work for customers and received $50,000 cash. We analyzed this transaction to increase the asset cash and increase the revenue Service Revenue. To increase an asset, use debit and to increase a revenue, use credit.
8. Performed work for customers and billed them $10,000. We analyzed this transaction to increase the asset accounts receivable (since we have not gotten paid but will receive it later) and increase revenue. To increase an asset, use debit and to increase a revenue, use credit.
9. Received $5,000 from customers from work previously billed. We analyzed this transaction to increase cash since we are receiving cash and we want to decrease accounts receivable since we are receiving money from customers who we billed previously and not new work we are doing. To increase an asset, we debit and to decrease an asset, use credit.
10 Paid office salaries $900. We analyzed this transaction to increase salaries expense and decrease cash since we paid cash. To increase an expense, we debit and to decrease an asset, use credit.
11. Paid utility bill $1,200. We analyzed this transaction to increase utilities expense and decrease cash since we paid cash. To increase an expense, we debit and to decrease an asset, use credit.
On January 1, year 8, Derek Co.’s defined benefit pension plan had plan assets with a fair value of $750,000, and a projected benefit obligation of $875,000. In addition: Actual and expected return on plan assets – 7% Interest cost – 9% Service costs - $24,000 Unamortized prior service cost - $120,000 Employer contributions to the plan - $45,000 Distributions to employees from the plan - $60,000 Unamortized prior service cost is being amortized over the expected remaining service lives of covered employees, which consists of a total of 9 employees: 2 employees are each expected to have 9 years remaining 3 employees are each expected to have 6 years remaining 4 employees are each expected to have 1 year remaining How much amortization of prior service cost will be included in Derek Co.’s pension expense for year 8?
Answer: $27,000
Explanation:
Amortization of prior cost = (No. of employees / Total number of years left) * Unamortized prior service cost
Total number of years left:
2 employees are each expected to have 9 years remaining = 2 * 9
= 18 years
3 employees are each expected to have 6 years remaining = 3 * 6
= 18 years
4 employees are each expected to have 1 year remaining = 4 * 1
= 4 years
Total number of years = 18 + 18 + 4
= 40 years
Amortization of prior cost = (9 / 40) * 120,000
= $27,000
The purpose of a SWOT analysis is to ___.
a. evaluate the marketing strategy that a company has been using.
b. determine the best strategy for the company.
c. compare the company's advantages with that of its competitors.
d. identify important company and environmental factors.
e. formulate goals and objectives for a company.
Answer: e. formulate goals and objectives for a company.
Explanation:
The SWOT analysis helps in decisions making in businesses. It helps in changing the needs of the organization. It helps the organization to build a plan so as to meet goals and improve the performances, and it also helps in keeping the relevancy in businesses in terms of decisions. It helps in analyzing the deep strengths, threats and weaknesses of the organization. It helps in promoting the overall growth, production, and services. It targets the market competition to develop necessary strategy.
The residents of cities A, B, C, D and E consume wi-fi routers, with consumption in each city is 150 routers (see the map below). The firm that produces routers must decide how to set-up production. It could set up five factories, dispersed across each city, with each factory producing 150 routers and supplying to its own local city market. In this case, the firm incurs no cost for shipping output. Alternatively, the firm could locate its factory at centrally located city C, and supply routers to the entire region. The single factory in city C must then produce 750 routers, 600 of which are shipped to the cities A, B, D and E for a shipping cost of $6 per router.
A E
C
B D
(a) Suppose the average cost of producing a router is AC (Q) = 1500/Q, where Q is the number of routers produced in a factory. Calculate AC with Q = 150 and Q = 750, respectively. Note and explain how this production process exhibit economies of scale.
(b) Based on the AC function from part (a), find the optimal arrangement of production for the firm (one central factory or five dispersed factories). The optimal arrangement minimizes total cost for the firm, where total cost is the sum of production cost and shipping cost. Clearly write down all your calculations.
(c) Now suppose the average cost of producing a router is AC = 14000/(Q+1250). Now, repeat the calculation of AC with Q = 150 and Q = 750.
(d) Based on the AC function from part (c), now repeat your calculations to find the cost-minimizing arrangement of production in the case. (e) Explain intuitively the difference is results between responses to part (b) and (d).
(f) Suppose now production costs are those given in part (a) but let shipping cost per router be given by t (in the preceding discussion, we had t = 6, now we assume we don’t know the cost of shipping). What value of t would make the two arrangements for production (centralized versus separate factories) equivalent in terms of cost? i.e. what value of t would make the firm indifferent between a centralized versus a dispersed set-up?
Answer:
a. The production process shows that the more the quantity produced, the less the average cost of production. It proves that there are advantages arising from economies of scale.
AC with Q = 150 = $10 ($1,500/150) and
AC with Q = 750 = $2 ($1,500/750)
b. The optimal arrangement is (centralized production) to produce the 750 routers at city C and ship to the 4 other cities.
c. AC with Q = 150 = $10 (14000/(150+1250) and
AC with Q = 750 = $7 (14000/(750+1250)
d. The cost-minimizing arrangement of production in this case is decentralized production.
e. The average cost of producing 150 units at the various cities has remained unchanged while the average cost of producing the 750 units at city C has increased from $2 to $7.
f. Suppose now production costs are those given in part (a) but let shipping cost per router be given by t (in the preceding discussion, we had t = 6, now we assume we don’t know the cost of shipping).
The value of t that would make the two arrangements for production (centralized versus separate factories) equivalent in terms of cost is:
t = $10 per router
Therefore, centralized production cost will be equal to $7,500 ($1,500 + ($10 * 600), and decentralized production cost will remain at $7,500 (750 * $10).
Explanation:
a) Data and Calculations:
Cities with consumers of wi-fi routers = A, B, C, D and E
Demand for routers by each city = 150
Total number of routers required = 750 (150 * 5)
b) Suppose the average cost of producing a router is AC (Q) = 1500/Q, where Q is the number of routers produced in a factory:
Therefore AC with Q = 150 = $10 ($1,500/150) and
AC with Q = 750 = $2 ($1,500/750)
Cost of Production of routers in city C:
cost of producing 750 routers at $2 per router = $1,500
Shipping cost of 600 routers to 4 cities at $6 per router = $3,600
Total cost of producing at city C = $5,100 ($1,500 + $3,600)
Total cost of producing 750 routers at 5 cities = $7,500 ($1,500/150 * 750)
c) Suppose the average cost of producing a router is AC = 14000/(Q+1250):
Therefore, AC with Q = 150 = $10 (14000/(150+1250) and
AC with Q = 750 = $7 (14000/(750+1250)
Cost of Production of routers in city C:
cost of producing 750 routers at $7 per router = $5,250
Shipping cost of 600 routers to 4 cities at $6 per router = $3,600
Total cost of producing at city C = $8,850 ($5,250 + $3,600)
Total cost of producing 750 routers at 5 cities = $7,500 ($1,500/150 * 750)
d) $7,500 = $1,500 + tQ
where Q = 600 (150 * 4)
Therefore, $7,500 - $1,500 = t600
simplifying
t600 = $6,000
t = $6,000/600 = $10
Joshua loans his son, Seth, $100,000 interest free for five years. Seth uses the money for a down payment on his home. Assume that the applicable federal interest rate is 4 percent. What are the tax consequences of this loan to Joshua and to Seth? How would your answer change if Seth uses the money to invest in corporate bonds paying 8 percent annual interest? [LO
Answer:
What are the tax consequences of this loan to Joshua and to Seth?
The IRS requires that any loans must charge a minimum interest rate, and in this case, since Joshua is not charging any interest to his son, the IRS will consider the minimum interest rate as a gift and will tax it that way. Since Joshua can make gifts for $15,000 per year, if the threshold is already passed, the IRS will consider $100,000 x 4% = $4,000 as taxable gifts.
How would your answer change if Seth uses the money to invest in corporate bonds paying 8 percent annual interest?
The answer shouldn't change since Joshua is the one that can be taxed here. Seth cannot deduct any interest expense or gift tax expense either.
Below are several transactions that took place in Seneca Company last year: Paid suppliers for inventory purchases. Bought equipment for cash. Paid cash to repurchase its own stock. Collected cash from customers. Paid wages to employees. Equipment was sold for cash. Common stock was sold for cash to investors. Cash dividends were declared and paid. A long-term loan was made to a supplier. Income taxes were paid to the government. Interest was paid to a lender. Bonds were retired by paying the principal amount due. Required: Indicate how each of the above transaction would be classified on a statement of cash flows. As appropriate, place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column.
Answer:
Note: Operating = A, Investing = B, Financing = C, Cash Inflow column = D, Cash Outflow column = E
A B C D E
a. Paid suppliers for inventory X X
purchases.
b. Bought equipment for cash. X X
c. Paid cash to repurchase its X X
own stock.
d. Collected cash from customers. X X
e. Paid wages to employees. X X
f. Equipment was sold for cash. X X
g. Common stock was sold for X X
cash to investors.
h. Cash dividends were declared X X
and paid.
i. A long-term loan was made to X X
a supplier.
j. Income taxes were paid to X X
the government.
k. Interest was paid to a lender. X X
l. Bonds were retired by paying X X
the principal amount due
The study of the role consumers play in a economic system is called what
Answer: Can i get OWA OWA
Explanation:
Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales price $480 100 Variable costs 312 65 Unit contribution margin $168 35 Assume that Staley Co. is currently selling 600 computer monitors per month and monthly fixed costs are $80,000. Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be (round intermediate calculation up to nearest whole number of units): 79.5%. 19.5%. 33.4%. 17.7%. 20.5%.
Answer:
20.5%
Explanation:
Calculation for what Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be
First step is to calculate Break-even amount
Break-even = $80,000/($480-$312)
Break-even= 476.19
Break-even= 477 approximately
Second step is to calculate the Margin of Safety
Margin of Safety = 600-477
Margin of Safety= 123
Now let calculate the margin of safety ratio
Margin of safety ratio=123/600
Margin of safety ratio=20.5%
Therefore Staley Co.'s margin of safety ratio (MOS%) if 600 units are sold would be 20.5%
A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.)
n=
i=
Interest = Amount?
Interest = Present Value?
Principal = Amount?
Principal = Present Value?
Price of Bonds?
Answer:
n = 40
i = 3% (semiannual)
face value = $80 million
coupon payment = $2,000,000
market price:
PV of face value = $80 / (1 + 3%)⁴⁰ = $24.52 million
PC of coupon payments = $2 x 23.115 (PV annuity factor, 3%, 40 periods) = $46.23 million
market value = $70.75 million
The bond price shows the present discounted value of future cash that is derived from purchasing a bond.
The computation of value of n semiannually[tex]n=20*2\\=40[/tex]
The computation of value of i semiannually[tex]i=\frac{6 percent}{2} \\=3 percent[/tex]
The computation of the Present Value of interest when the interest amount is 2,000,000[tex]80,000,000*0.05*\frac{1}{2} \\=46,229,544[/tex]
The computation of present value of principal when the principal amount is 80 million[tex]\frac{80}{(1+0.03)^{40} } \\=24,524,547[/tex]
The computation of bond price would be[tex]46,229,544+24,524,547\\=70,754,091[/tex]
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Explain what answer he came to and why. Next, discuss the approach human resource management should take toward organizational social responsibility. Finally, cite one real-life example of a company implementing social responsibility that is not mentioned in the video or the course textbook. Be sure to be factual and to fully support your answer.
Explanation:
The management of human resources in a globalized society, must be focused on the inclusion and protection of diversity. Organizational social responsibility includes protecting the individual rights of each individual regardless of their culture or individual values.
A socially and environmentally responsible company is one that is concerned with its internal and external environment, adopting the best current practices for the protection and development of the society in which it operates and the environment.
A company that implements social responsibility is the Brazilian agribusiness company Amaggi, which has the potential to cause negative impacts on the environment, but which develops environmental protection programs and contains ISO environmental certifications for the adoption of continuous environmental improvement practices, as well as the creation of subsidy and protection programs for local farmers.
Which option identifies the farm to fork benefit demonstrated in the following scenario?
Herb owns a restaurant that is committed to the farm to fork concept. Accordingly, he buys from local farmers, his customers are mostly from the surrounding area, and he makes his financial transactions with his hometown bank. Also, Herb spends his profits at locally owned businesses.
doing business locally to reduce tax burdens
using a diverse selection of products found locally
keeping money local to strengthen the local economy
staying local to reduce waste and pollution
Answer:
using a diverse selection of products found locally
Explanation:markme brainliest
The following data are for Guava Company's retiree health care plan for the current calendar year. Number of employees covered 5 Years employed as of January 1 4 (each) Attribution period 20 years EPBO, January 1 $ 64,000 EPBO, December 31 $ 68,480 Interest rate 7 % Funding and plan assets None What is the service cost to be included in the current year's postretirement benefit expense?
Answer:
$3,424
Explanation:
Calculation for What is the service cost to be included in the current year's postretirement benefit expense
Service cost=December 31 $ 68,480*1/20 years
Service cost=$3,424
Therefore the service cost to be included in the current year's postretirement benefit expense will be $3,424
in one paragraph describe the general advantages and drawbacks of the premium pricing strategy.For exapmle, explain where it falls on the intersection of quality and price.
Please dont copy paste from the internet, will be flagged.
Answer:
The main advantage resulting from a premium pricing strategy is the higher profits. Another advantage is that customers that purchase premium products seek higher quality and tend to show higher brand loyalty associated with the status of using premium products. The disadvantages of premium pricing are that it cannot be applied to all products, the marketing efforts tend to be more specific, and therefore, represent a higher percentage of sales, and finally, not everyone is willing to pay premium prices.
Lucky Strike Mine (LLC) purchased a silver deposit for $1,500,000. It estimated it would extract 500,000 ounces of silver from the deposit. Lucky Strike mined the silver and sold it, reporting gross receipts of $1.8 million, $2.5 million, and $2 million for Years 1 through 3, respectively. During Years 1 through 3, Lucky Strike reported net income (loss) from the silver deposit activity in the amount of ($100,000), $400,000, and $100,000, respectively. In Years 1 through 3, Lucky Strike actually extracted 300,000 ounces of silver as follows: Ounces extracted per year Year 1 Year 2 Year 3 50,000 150,000 100,000 What is Lucky Strike's depletion deduction for Year 2 if the applicable percentage depletion for silver is 15 percent
Answer:
$375,000
Explanation:
depletion rate musts equal the lesser between:
net income = $400,000
or
15% of gross revenues = $2,500,000 x 15% = $375,000
in this case, $375,000 is the smallest amount.
The percentage of depletion is used by extraction companies, e.g. oil & gas companies or mining companies.
Ricky’s Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6,800 Accounts Payable $ 12,600 Accounts Receivable 32,750 Deferred Revenue (deposits) 3,250 Supplies 1,850 Notes Payable (long-term) 45,500 Equipment 14,500 Common Stock 7,500 Land 10,050 Retained Earnings 17,300 Building 20,200 Following are the January transactions: Received a $870 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle repair shop; $355 rent received for January. Delivered five rebuilt pianos to customers who paid $12,775 in cash. Delivered two rebuilt pianos to customers for $6,400 charged on account. Received $5,300 from customers as payment on their accounts. Received an electric and gas utility bill for $675 for January services to be paid in February. Ordered $945 in supplies. Paid $1,750 on account in January. Paid $11,000 in wages to employees in January for work done this month. Received and paid cash for the supplies in (g). Post the journal entries to the T-accounts. Show the unadjusted beginning and ending balances in the T-accounts
Answer:
Ricky’s Piano Rebuilding Company
Cash
Account Titles Debit Credit
Beginning Balance $ 6,800
Deferred Revenue 870
Rent Revenue 355
Service Revenue 12,775
Accounts Receivable 5,300
Accounts Payable $1,750
Wages Expense 11,000
Balance $13,350
Totals $26,100 $26,100
Accounts Receivable
Account Titles Debit Credit
Beginning Balance $32,750
Service Revenue 6,400
Cash $5,300
Balance $33,850
Totals $39,150 $39,150
Supplies
Account Titles Debit Credit
Beginning Balance $1,850
Equipment
Account Titles Debit Credit
Beginning Balance $14,500
Building
Account Titles Debit Credit
Beginning Balance $20,200
Land
Account Titles Debit Credit
Beginning Balance $10,050
Utilities Expense
Account Titles Debit Credit
Accounts Payable $675
Wages Expense
Account Titles Debit Credit
Cash $11,000
Accounts Payable
Account Titles Debit Credit
Beginning Balance $12,600
Cash $1,750
Balance 10,850
Totals $12,600 $12,600
Deferred Revenue (deposits)
Account Titles Debit Credit
Beginning Balance $3,250
Cash 870
Balance $4,120
Totals $4,120 $4,120
Rent Revenue
Account Titles Debit Credit
Cash $355
Service Revenue
Account Titles Debit Credit
Cash $12,775
Accounts Receivable 6,400
Balance $19,175
Totals $19,175 $19,175
Notes Payable (long-term)
Account Titles Debit Credit
Beginning Balance $45,500
Common Stock
Account Titles Debit Credit
Beginning Balance $7,500
Retained Earnings
Account Titles Debit Credit
Beginning Balance $17,300
Explanation:
a) Data and Calculations:
Beginning Balance Sheet
As of January 1, Year 2:
Cash $ 6,800
Accounts Receivable 32,750
Supplies 1,850
Equipment 14,500
Building 20,200
Land 10,050
Accounts Payable $ 12,600
Deferred Revenue (deposits) 3,250
Notes Payable (long-term) 45,500
Common Stock 7,500
Retained Earnings 17,300
Totals $86,150 $86,150
The journal entries to record the January transactions for Ricky's Piano Rebuilding Company are as follows. The unadjusted beginning and ending balances for the accounts are also shown in Sheet 1.
A journal entry is used to record a business transaction in the accounting records of a business.
A journal entry is usually recorded in the general ledger; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger. The general ledger is then used to create financial statements for the business.
Here are the journal entries to record the January transactions for Ricky's Piano Rebuilding Company:
Attached is sheet 1.
Unadjusted Beginning and Ending Balances are shown in Sheet 2 attached.
Ending Balances:
The ending balance is the net residual balance in an account. It is usually measured at the end of a reporting period, as part of the closing process. An ending balance is derived by adding up the transaction totals in an account and then adding this total to the beginning balance.
Learn more about journal entries, here:
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8. Agreement and disagreement among economists Suppose that Tim, an economist from a business school in Georgia, and Alyssa, an economist from a university in Massachusetts, are arguing over government bailouts. The following dialogue shows an excerpt from their debate: Alyssa: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. Tim: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. Alyssa: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession. The disagreement between these economists is most likely due to .
Answer:
The disagreement between these economists is most likely due to .
differences between perceptions versus reality.
Explanation:
A bailout occurs when the government provides capital resources to a distressed business or failing company, which it considers to be too big to fail. The purpose is to prevent the consequences of the downfall of such an entity, which may include bankruptcy, default on its financial obligations, economic impact on the wider society. Most bailouts are made for the benefit of the society rather than the business entity. The mindset from which two economists can perceive the reality of bailouts will always differ.