An evaluation in which the performance level of employees is measured against established standards to make decisions about promotions, compensation, additional training, or termination is called an A. employment assessment. B. a performance appraisal. C. a job specification. D. a job analysis.

Answers

Answer 1

Answer:

B. a performance appraisal

Explanation:

A performance appraisal is the regular review of an employee's performance to analyze his level of personal development and contribution to the progress of the company. Companies carry out a performance appraisal so as to know which employees are deserving of a pay raise, salary cut, promotion, more training, and even termination of the job in cases where the employee's performance is way below acceptable standards. Some types of performance appraisal include;

1. The 360-degree feedback appraisal where opinions about the employee's performance are sourced from the employee's subordinates, his peers, and seniors in the organization.

2. Peer assessment where opinions about the employee's performance are gotten from his peers.

3. Self-assessment where the employee gives his own personal opinion about his performance level.

Related Questions

g Unearned revenues are classified as: Group of answer choices Assets. Liabilities. Revenues. Stockholders' equity.

Answers

Answer:

Liabilities

Explanation:

Unearned revenues are written as liabilities in the balance sheet of a firm. They are regarded as liabilities because the revenue is still unearned. An example is advance rent payment.

It is a prepayment for a good or service that has not been rendered to the customer yet by the provider. The provider or seller now has a liability equal to the revenue they have received till they provide that service for which they were paid

three examples of foreign companies operating in Fiji and a type of service they provide

Answers

Answer:

Three foreign companies operating in Fiji:

Bank of Baroda: a multinational, financial services companies from India. It offers banking services in Fiji, and is one of the five international banks that operate in that country.Coca Cola: this American multinational beverages corporation from Atlanta, Georgia, also operates in Fiji. It sells consumer goods, specially beverages.Marriott: the American multinational hotel corporation has one hotel in Fiji: the Fiji Marriott Resort Momi Bay.

Identify the trade-restraining practice that this example demonstrates.

Company A and Company B both work in the candy industry. They agree that Company A will only sell chocolate to Company C and Company B will only sell fruit candies to Company C.

Answers

it demonstrates Division of Markets

Splish Brothers Inc. issues $257,000, 10-year, 8% bonds at 99. Prepare the journal entry to record the sale of these bonds on March 1, 2022.

Answers

Answer:

Par value of bonds = $257,000

Issue price of bonds = 99

Cash receipts from issue of bonds = 257,000 x 99% = 254,430

Discount on bonds payable = Par value of bonds - Cash receipts from issue of bonds

= 257,000-254,430

= $2,570

Date Account Titles and Explanation Debit Credit

March 1 Cash $254,430

Discount on bonds payable $2,570

Bonds payable $257,000

(To record issuance of bonds)

When delivering bad news to customers, use an indirect strategy as you would with other bad news messages, and maintain a positive tone. Occasionally, companies disappoint their customers. Whenever possible, these problems should be addressed immediately. Choose the best answer for the following question about handling customer problems.
What is the first step you should take when a problem arises?
1. Call the individual customer.
2. Disguise the problem as a "technical error."
3. Explain to the customer what they did that caused the problem

Answers

Answer:

Explanation:

Well, the focus of an indirect strategy is to create a new peak of satisfaction, when dealing with a disappointing situation. So the key is leaving a positive tone after all. Since maintaining a regular customer is always cheaper than getting a new one.

So, it's important to have an honest conversation with the customer and and offer a good compensation and provide a follow up until the problem is solved, so that the customer be enchanted by the respect shown. In addition to this, make this a turning point. By doing that the customer will regain confidence.

Determine the number of widgets that you should try to sell in order to maximize revenue. What is the maximum revenue. Be sure to answer in complete sentences and to include units. Explain how you found the results.

Answers

Answer:

Hello some important parts of your question is missing ( Table ) attached below is the table

Answer : Number of widgets = 50

Explanation:

The number of widgets that you should sell to maximize revenue can be calculated as

= ( demand for widgets * price per widget ) - Total cost

from the table:

i) ( 10 * 141 ) - 609 = 1410 - 609 = $801

ii) ( 20 *133 ) - 1103 = 2660 - 1103 =$1557

iii) (30 *126) - 1618 = 3780 - 1618 = $2162

iv) (40*128) - 2109 = 5120 - 2109 =$3011

v) (50*113) - 2603 = 5650 -2603 = $3047

vi) (60*97) - 3111 = 5820 - 3111 = $2709

vii) (70*90) - 3619 = 6300 - 3619 =$2681

viii) ( 80*82) - 4103 = 6560 - 4103 = $2457

ix) (90*79) - 4601 = 7110 - 4601 = $2509

From the calculation above the number of widgets that should be sold in other to maximize revenue is : 50. this is because the revenue made is $3047 which is the highest when compared to other revenues generated

Use the following information to answer questions 4a.1-4a.5 Gerrell Corp. is comparing two different capital structures. Plan I would result in 18,000 shares of stock and $95,000 in debt. Plan II would result in 14,000 shares of stock and $190,000 in debt. The interest rate on the debt is 5 percent. Compare both of these plans to an all-equity plan assuming that EBIT will be $90,000. The all-equity plan would result in 22,000 shares of stock outstanding. Assuming that the corporate tax rate is 40 percent, what is the EPS for each of these plans

Answers

Answer:

Gerrel Corp.

EPS (Earnings per share) = Earnings after Tax/Number of outstanding shares

Plan I:

EBIT = $90,000

Interest = $4,750 ($95,000 x 5%)

Pre-Tax Income = $85,250

Income Tax Exp. 34,100 ($85,250 x 40%)

After Tax Income $51,150

EPS = $51,150/18,000 = $2.84 per share

Plan II:

EBIT = $90,000

Interest = $9,500 ($190,000 x 5%)

Pre-Tax Income = $80,500

Income Tax Exp. 32,200 ($80,500 x 40%)

After Tax Income $48,300

EPS = $48,300/14,000 = $3.45 per share

Plan III:

EBIT = $90,000

Pre-Tax Income = $90,000

Income Tax Exp. 36,000 ($90,000 x 40%)

After Tax Income $54,000

EPS = $54,000/22,000 = $2.45 per share

Explanation:

a) Data and Calculations:

Plan I = 18,000 shares + $95,000 debt

Plan II = 14,000 shares + $190,000 debt

Difference = 4,000 shares + $95,000 debt

Share price = $95,000/4,000 = $23.75

EBIT = $90,000

Interest Rate = 5%

Corporate Tax Rate = 40%

b) Capital Structure:

Plan I: (Equity and Debt)

Shares of 18,000 x $23.75 + $95,000 debt = $522,500 in total capital

Plan II: (Equity and Debt)

Shares of 14,000 x $23.75 + $190,000 debt = $522,500 in total capital

Plan III: (All-equity plan):

Shares of 22,000 x $23.75 = $522,500 in total capital

c) The Earnings per share is the measurement of the Net Income to stockholders divided by the number of outstanding shares. It gives an idea about the profitability of the entity, especially with regard to the profit made for common stockholders. The EPS is also one of the metrics used in the calculation of the P/E ratio to indicate whether a company's shares are undervalued or overvalued.

You want to have $18,000 in 9 years for a dream vacation. If you can earn an interest rate of .5 percent per month, how much will you have to deposit today

Answers

Answer:

$10,503.59

Explanation:

This question requires us to find how much you have to deposit today if:

Fv = 18,000

Time = 9 years

PV= fv/(1 + i)^n

N = 9 X 12 = 108

I/y = 0.5%

PV = $18,000 / 1.005^108

= $10,503.59

Therefore what you have to deposit today is $10,503.59

Symon's Suppers Co. has announced that it will pay a dividend of $4.27 per share one year from today. Additionally, the company expects to increase its dividend by 4.6 percent annually. The required return on the company's stock is 10.8 percent. What is the current share price

Answers

Answer:

The price of the stock today is $65.02

Explanation:

The current price of the stock can be calculated using the constant growth model of DDM. The DDM values the stock based on the present value of the expected future dividends from the stock.

The formula for the price of the stock today under the constant growth model is,

P0 = D1 / (r - g)

Where,

D1 is the dividend expected to be paid next periodr is the required rate of returng is the growth rate in dividends

To calculate the price today, we use the dividend for the next period. Thus, we will use D2 to calculate the price of the stock at Year 1 and will discount it back to today to calculate the price today.

P0 = [(4.27 * (1+0.046)) / (0.108 - 0.046)] / (1+0.108)

P0 = $65.017 rounded off to $65.02

All organizations have a collective sense of purpose, whether it's producing oil or creating the fastest Internet search engine.
A. True
B. False

Answers

Answer:

true

Explanation:

sorry if im wrong

Square Hammer Corp. shows the following information on its 2018 income statement: Sales = $264,000; Costs = $170,000; Other expenses = $7,900; Depreciation expense = $14,500; Interest expense = $13,300; Taxes = $20,405; Dividends = $10,000. In addition, you’re told that the firm issued $4,800 in new equity during 2018 and redeemed $3,300 in outstanding long-term debt. a. What is the 2018 operating cash flow

Answers

Answer:

The 2018 operating cash flow is $86,100.

Explanation:

Operating Cash flow is different from Income as it only involves movement in cash.

Thus our first step is to find the Operating Income then adjust it with non-cash items to reach an Operating Cash flow amount.

Sales = $264,000

Less Costs = ($170,000)

Less Other expenses = ($7,900)

Depreciation expense = ($14,500)

Operating Income = $71,600

Adjust for non-cash item - depreciation

Operating Income = $71,600

Add back depreciation = $14,500

Operating Cash flow = $86,100

Interest expenses and taxes are not part of operating income as they arise out of secondary activities of the company.

Conclusion :

The 2018 operating cash flow is $86,100.

The entries to record cost and sale of a finished good on account is Group of answer choices debit Cost of Goods Sold, credit Finished Goods, debit Accounts Receivable, credit Sales debit Cost of Goods Sold, credit Finished Goods debit Sales Expense, credit Finished Goods, credit Cash, credit Accounts Receivable debit Work in Process, credit Finished Goods, debit Accounts Receivable, credit Sales

Answers

Answer:

a. debit Cost of Goods sold, credit Finished Goods, debit Account Receivable, credit Sale

Explanation:

The journal entry is shown below:

For the cost of finished goods

Cost of goods sold Dr XXXXX

To Finished goods XXXXX

(Being the cost of finished goods is recorded)

For recording this we debited the cost of goods sold as it increased the expenses and credited the finished goods as it decreased the assets

For the sale of finished goods on account

Account receivable Dr XXXXX

To Sales XXXXX

(Being the sale of finished goods on account is recorded)

For recording this we debited the account receivable as it increased the assets and credited the sales as it also increased the revenue

Graphical Designs is offering 10-10 preferred stock. The stock will pay an annual dividend of $10 with the first dividend payment occurring 10 years from today. The required return on this stock is 5.20 percent. What is the price of the stock today

Answers

Answer:

PV of the stock today = $115.83

Explanation:

We will use the discounted cash flows approach to calculate the price of the stock today. This approach values the stock by accumulating the present value of all the expected future cash flows from the stock/asset.

As the preferred stock pays a constant dividend after equal intervals of time and for an indefinite period, it can also be treated as a perpetuity. Thus, the formula for the present value of perpetuity will be used to calculate the price of the stock at year 10 that we will discount back to today.

Present value of perpetuity = Cash flow / expected rate of return

PV of stock at Year 10 = 10 / 0.052

PV of stock at Year 10 = 192.3076923

The value of the today will be,

PV of the stock today = 192.3076923 / (1+0.052)^10

PV of the stock today = $115.83

The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions. Spending category Value (millions) education $320 welfare and Social Security $890 health care $270 defense $120 payments on debt $170* other $240 *This payment covers total interest owed only. Revenue category Value (millions) income tax $800 sales tax $270 corporate tax $300 social insurance $340 GDP in 2010: $7.3 billion Total debt as of 2009: $3.5 billion How much money (in millions) did Littleland need to borrow in 2010 to finance its government spending

Answers

Answer:

$300 million

Explanation:

The computation of debt is shown below:-

But before that we need to determine the following amounts

Total Expenditure = Spending on Education + Spending on Welfare and social security + Spending on Healthcare + Spending on Defense + Payments on Debt + Other Spending

= $320 + $890 + $270 + $120 + $170 + $240

= $2,010 million

Total Revenue = Income Tax + Sales Tax + Corporate Tax + Social Insurance

= $800 + $270 + $300 + $340

= $1710 million

Debt or borrowed amount =Total expenditure - Total revenue

= $2,010 - $1,710

= $300 million

Tunneling Inc. fixed costs are at $100,000. The company has sales of 10,000 units with a price of $84 and variable cost per unit of $40. The depreciation is $50,000 and taxes are 21 percent. What is the degree of operating leverage

Answers

Answer:

Tunneling Inc.

Degree of operating leverage

= Contribution Margin divided by Operating Income

= $440,000/$290,000 = 1.52

Explanation:

(a) Data and Calculations:

Sales Revenue = $840,000 (10,000 x $84)

Variable cost = $400,000 (10,000 x $40)

Contribution = $440,000

Fixed costs = $100,000

Depreciation = $50,000

Operating Income = $290,000

Tax (21%) ($60,900)

Net Income = $229,100

(b) The degree of operating leverage for Tunneling Inc. is 1.52. It shows the financial impact of a change in sales revenue on Tunneling Inc.'s earnings. Analysts usually work this ratio out to determine this important effect.

Which of the following is NOT an element of organizational structure? A) Well-articulated mission, vision, and value statements. B) Formal reporting relationships. C) Grouping together of individuals into departments. D) Systems designed to ensure effective communication

Answers

Answer:

A) Well-articulated mission, vision, and value statements.

Explanation:

An organizational structure can be defined as a system that states how business activities such as standard rules, task allocation or roles of employees, coordination, responsibilities and supervision of these activities are directed so as to enhance the achievement of the goals, aims and objectives of the organization.

Simply stated, an organizational structure usually defines a hierarchy, which is used to determine how information, roles and responsibilities flow from one level to another in an organization. Generally, the flow of information are usually from top to bottom.

Furthermore, the organizational structure can be divided into four (4) distinct categories and these are;

1. Matrix organizational structure.

2. Functional organizational structure.

3. Divisional organizational structure.

4. Flat organizational structure.

The following are the elements of organizational structure;

A. Formal reporting relationships. This is enhanced by assigning a hierarchy, where informations are reported to the right individual and in a timely manner as well.

B. Grouping together of individuals into departments. This is to increase the level of output and enhance building good, coordinated development through division of labor.

C. Systems designed to ensure effective communication.

Hence, a well-articulated mission, vision, and value statements isn't an element of organizational structure. It could be regarded as an organization's center of gravity.

An organizational structure is a system that specifies how business operations, such as standard norms, task distribution or personnel roles, coordination, responsibilities, and supervision, are directed in order to help the organization achieve its goals, aims, and objectives.

So, Option A is the correct option which is not true about organizational structure.

The other options are incorrect as:

Option B is incorrect as Relationships of formal reporting. This is aided by establishing a hierarchy in which information is reported to the appropriate person and in a timely manner.

Option C is incorrect as Individuals are organized into departments. This is to raise output and improve the development of good, coordinated development by dividing labor.

Option D is incorrect as yes designing system to ensure effective communication is element of organizational structure.

Thus option A isn't a part of the company's structure. It's possible to think of it as the organization's center of gravity.

For more information about organizational structure refer to the link:

https://brainly.com/question/23967568

Martin Company paid $900,000 for equipment. Martin uses straight-line depreciation. Currently the Accumulated Depreciation account shows a balance of $180,000. If the asset has no residual value and an estimated life of 10 years, how many years has the asset been depreciated? (Round your final answer to the nearest year.)

Answers

Answer:

2 years

Explanation:

900,000/10=90,000

180,000/90,000=2

Which of the following is not a remedy Sam Seller may seek under Article 2 if Barney Buyer breaches the sales contract?1. cancel the sales contract 2. damages for lost profits 3. incidental damages 4. stop shipment before Barney receives the goods 5. secured transaction

Answers

Answer:

Option D. Stop shipment before barney receives the good.

Explanation:

The reason is that Article 2 says that the claim must not exceed

The amount of profit lost due to breach of contract by the other party to contract (Option 2).The incidental damages caused by the breach of contract (Option 3).Other losses which the party to contract despite knowing has breached the contract.

This means all the options are claimable but the option 4, stopping the shipment before barney receives the good is not a remedy as it is not a loss.

Furthermore, the secured transaction is a valid claim if the other party breaches the contract. The other party is liable to return the the consideration received hence it is a valid claim (Option 5).

The cancelation of sales is valid claim for the party because it is the main cause of incidental and profit losses (Option 1).

In 1998, the German auto manufacturer Daimler-Benz purchased Chrysler for $36 billion which was one of the biggest mergers of its kind back then. Both of these companies were in the automotive business. Even though they had different cultures and market focus, this merger is an example of a:

Answers

Answer:

The answer is

horizontal merger.

Explanation:

A merger is when two or more businesses join together to form a single company.

It is usually a voluntary action on the part of all companies.

It is called vertical mergers when the merger joins different businesses with the same supplier or customer base.

When mergers join similar businesses These are considered horizontal mergers.

hope this help's!! :)

Interdepartment Services: Step Method

O'Brian's Department Stores allocates the costs of the Personnel and Payroll departments to three retail sales departments, Housewares, Clothing, and Furniture. In addition to providing services to the operating departments, Personnel and Payroll provide services to each other. O'Brian's allocates Personnel Department costs on the basis of the number of employees and Payroll Department costs on the basis of gross payroll. Cost and allocation information for June is as follows:

Personnel Payroll Housewares Clothing Furniture
Direct department cost $ 7,800 $ 3,200 $ 12,200 $ 20,000 $ 16,750
Number of employees 5 4 8 16 4
Gross payroll $ 6,000 $ 3,300 $ 10,600 $ 17,400 $ 8,100

(a) Determine the percentage of total Personnel Department services that was provided to the Payroll Department. (Round your answer to one decimal place.)
Answer %

(b) Determine the percentage of total Payroll Department services that was provided to the Personnel Department. (Round your answer one decimal place.)
Answer %

(c) Prepare a schedule showing Personnel Department and Payroll Department cost allocations to the operating departments, assuming O'Brian's uses the step method.

Do not round until your final answers. Round answers to the nearest dollar.

Service Departments Producing Departments
Payroll Personnel Housewares Clothing Furniture
Total costs $Answer $Answer $Answer $Answer $Answe

Answers

Answer:

O'Brian's Department Stores

a) Determination of the percentage of total personnel department services that was provided to the Payroll department

Since allocation of the personnel department services is based on the number of employees, we can use this to calculate the percentage. The personnel employees are not included in this calculation.

= 4/32 x 100 = 12.5%

b) Percentage of total payroll department services provided to the personnel department. Since the basis is the gross payroll, we can use this to calculate the percentage. The gross payroll of the Payroll department is not included in the calculation.

= $6,000/$42,100 x 100 = 14.3%

c) Personnel Payroll House- Clothing Furniture Total

Ware

Direct department

cost $ 7,800 $ 3,200 $ 12,200 $ 20,000 $ 16,750 $59,950

Number of

employees 5 4 8 16 4 37

Gross payroll $ 6,000 $ 3,300 $ 10,600 $ 17,400 $ 8,100 $45,400

Total cost $13,800 $6,500 $22,800 $37,400 $24,850 $105,350

Allocation of service departments costs, using the step method:

Personnel -13,800 1,725 3,450 6,900 1,725 13,800

Payroll 0 -8,225 2,415 3,965 1,845 8,225

Total allocated 0 0 $28,665 $48,265 $28,420 $105,350

Explanation:

a) Data:

Personnel Payroll House- Clothing Furniture Total

Ware

Direct department

cost $ 7,800 $ 3,200 $ 12,200 $ 20,000 $ 16,750 $59,950

Number of

employees 5 4 8 16 4 37

Gross payroll $ 6,000 $ 3,300 $ 10,600 $ 17,400 $ 8,100 $45,400

b) Cost allocation & Calculations:

Personnel (based on the number of employees)

Rate = $13,800/32 = $431.25 per employee

Payroll (based on gross payroll)

Rate = Payroll cost = Payroll cost divided by the total gross payroll in the other departments, excluding personnel and payroll departments

= $8,225/$36,100 = $0.2278 per gross payroll

c) Allocation of service departments' costs is a method of apportioning costs incurred by service departments to the production departments in order to include all the costs in the product costs. Three methods exist for allocating service departments' costs to the production departments. The first, which is the simplest, is the direct method. With this method, the costs of service departments are allocated directly to each production department based on the consumption of the service department's services. They are not allocated to other service departments.

The second method is the step method. Here, the costs of one service department with the highest cost are allocated to all other departments first, including production and other service departments following a step. The costs of the next service department with the highest costs are allocated to the remaining departments. This step is continued until all the service departments' costs have been allocated. Once the costs of a service department have been completely allocated, that department would not be allocated any other cost.

The Reciprocal method, which is the last method, is the most accurate and complicated method. This method first establishes the relationship among the service departments in equation form and uses the established equations to allocate the costs of service departments. We may not discuss it further than this.

Boatler Used Cadillac Co. requires $890,000 in financing over the next two years. The firm can borrow the funds for two years at 11 percent interest per year. Ms. Boatler decides to do forecasting and predicts that if she utilizes short-term financing instead, she will pay 7.25 percent interest in the first year and 12.55 percent interest in the second year. Assume interest is paid in full at the end of each year.
A. Determine the lot al two-year interest cost under each plan.
Interest Cost
Long term fixed-rate plan
Short term variable-rate
B. Which plan is less costly?
1. Long term fixed-rate plan
2. Short-term variable-rate plan

Answers

Answer:

A. Total two-year interest cost under long term fixed-rate plan is $195,800; while total two-year interest cost under short term variable-rate is $176,220.

B. Short-term variable-rate plan is less costly.

Explanation:

A. Determine the total two-year interest cost under each plan.

This can be determined for each of the plan as follows:

For Long term fixed-rate plan

Total two-year interest cost under long term fixed-rate plan = Amount required * Interest rate per year * Number of years = $890,000 * 11% * 2 = $195,800

For Short term variable-rate

First year interest cost under short term variable-rate = Amount required * First year interest rate = $890,000 * 7.25% = $64,525

Second year interest cost under short term variable-rate = Amount required * Second year interest rate = $890,000 * 12.55% = $111,695

Total two-year interest cost under short term variable-rate = First year interest cost + Second year interest cost = $64,525 + $111,695 = $176,220

Therefore, we have:

Interest Cost

Long term fixed-rate plan $195,800

Short term variable-rate $176,220

B. Which plan is less costly?

Since the total two-year interest cost under short term variable-rate of $176,220 is less than $195,8000 total two-year interest cost under long term fixed-rate plan, the Short-term variable-rate plan is therefore less costly.

In cell N2, enter a formula using the IF function and a structured reference to determine if Alison Simoneau is eligible for tuition remission.
a. The IF function should first determine if the staff member's Service Years 11 is greater than 1. Remember to use a structured reference to the Service Years column.
b. The function should return the text Eligible if the staff member's Service Years is greater than 1.
c. The function should return the text Not Eligible if the staff member's Service Years is not greater than 1.

Answers

Answer:

In cell N2, enter a formula using the IF function and a structured reference to determine if Alison Simoneau is eligible for tuition remission.

=IF([Service Years]>

a. The IF function should first determine if the staff member’s Service Years is greater than 1. A structured reference to the Service Years column:

=IF([Service Years]>1,

b. The function should return the text Eligible if the staff member’s Service Years is greater than 1.

=IF([Service Years]>1,"Eligible"

c. The function should return the text Not Eligible if the staff member’s Service Years is not greater than 1.

=IF([Service Years]>1,"Eligible","Not Eligible")

During 2018, its first year of operations, Pave Construction provides services on account of $142,000. By the end of 2018, cash collections on these accounts total $101,000. Pave estimates that 25% of the uncollected accounts will be bad debts.
Required:
Record the adjustment for uncollectible accounts on December 31, 2018.

Answers

Answer:

Dr Bad Debt Expense 10,250

Cr Allowance for Uncollectible Accounts 10,250

Explanation:

Preparation of the Journal entry to Record the adjustment for uncollectible accounts on for Pave Construction

Since we were told that the company provides services on account of the amount of $142,000 in which by the end of the year 2018, the cash collections total the amount of $101,000 which means we have to less $101,000 from $142,000 which gave us $41,000.

We were as told that Pave estimates that 25% of the uncollected accounts will be bad debts this means we have to find the 25% of $41,000 which gave us $10,250.

Therefore the transaction will be recorded as:

Dr Bad Debt Expense 10,250

Cr Allowance for Uncollectible Accounts 10,250

($41,000 x 25%)

Service provided $142,000- Cash collection $101,000=$41,000

You just opened a brokerage account, depositing $4,500. You expect the account to earn an interest rate of 8.57%. You also plan on depositing $3,000 at the end of years 5 through 10. What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return?

Answers

Answer:

$74108

Explanation:

Solution

Given that:

Deposit = $4,500

Interest rate =8.57%

Plan to deposit =$3000 at the end of 5 years through 1

n= 20 years

Now

We apply the formula given below:

A=P(1+r/100)^n

Here

A=future value

P=present value

r=rate of interest

n=time period.

Thus

=4500(1.0857)^20+3000(1.0857)^15+3000(1.0857)^14+3000(1.0857)^13+3000(1.0857)^12+3000(1.0857)^11+3000(1.0857)^10

=$74108

Therefore the account value at 20 years (ending) is $74108

if the only factor driving the 20y2 level of accounts receivable is the volume of sales what should the 20y2 accounts receivable be

Answers

Answer:

^2+y^2=20 y=*4

Explanation:

you add 2 + y =20 and y=4 sorry i could not do the times thing

Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $3,150,000, and total direct labor costs would be $1,800,000. During February, the actual direct labor cost totaled $160,000, and factory overhead cost incurred totaled $283,900.

Required:
a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals.
b. Journalize the entry to apply factory overhead to production for February.
c. What is the February 28 balance of the account Factory Overhead—Blending Department?
d. Does the balance in part (c) represent overapplied or underapplied factory overhead?

Answers

Answer:

a. 175%

Journal Entry to apply factory overhead to production for February.

Work In Process $280,000 (debit)

Overheads $280,000 (credit)

c. $3,900

d. Under-applied Overheads

Explanation:

Predetermined Overhead rate = Total Budgeted Overheads /Total Budgeted Activity

= $3,150,000 / $1,800,000

= $1.75 per direct labor cost. or

= 175% (1.75 × 100)

Applied factory overhead = Predetermined Overhead rate × Actual Activity

= $160,000 × 175 %

= $280,000

Journal Entry to apply factory overhead to production for February.

Work In Process $280,000 (debit)

Overheads $280,000 (credit)

over-applied or under-applied factory overhead

Over-applied Overheads = Actual Overheads < Applied Overheads

Under-applied Overheads = Actual Overheads > Applied Overheads

Actual Overheads (given) = $283,900

Applied Overheads = $280,000

Actual Overheads: $283,900 > Applied Overheads :$280,000

Thus we have an Under-application situation of $3,900 ($283,900 - $280,000)

The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report cash provided by operating activities, indicate where each item would appear on its statement of cash flows by placing an X in the appropriate column.
Statement of Cash Flow Noncash Investing & Financing Activities Not Reported on Statement or in Notes
Operating Activities Investing Activities Financing Activities
a. Declared and paid a cash dividend
b. Recorded depreciation expense
c. Paid cash to settle long-term note payable
d. Prepaid expenses increased in the year
e. Accounts receivable decreased in the year
f. Purchased land by issuing common stock
g. Inventory increased in the year
h. Sold equipment for cash, yielding a loss
i. Accounts payable decreased in the year
j. Income taxes payable increased in the year

Answers

Answer: i ii iii iv v

a. Declared and paid a cash dividend X

b. Recorded depreciation expense X

c. Paid cash to settle long-term note payable X

d. Prepaid expenses increased in the year X

e. Accounts receivable decreased in the year X

f. Purchased land by issuing common stock X

g. Inventory increased in the year X

h. Sold equipment for cash, yielding a loss X

i. Accounts payable decreased in the year X

j. Income taxes payable increased in the year X

Note:

i. Operating activities

ii. Investing activities

iii. Financing activities

iv. Non cash Investing & Financing

v. Not reported on statement or Notes

Based on the information given where each item would appear on its statement of cash flows are:

a. Declared and paid a cash dividend.

Statement of cash flow: Financing activities

b. Recorded depreciation expense.