Answer:
Private property rights
Explanation:
The Private property rights are the key that should be considered for the individuals and the country. Also it would given the feeling of pride and inclusion
Moreover, it would include all the cost and the benefits that could be involved in the decision making at the time when it would be decided which resource should be used
Hence, the above represent the answer
Bryce Corporation has pretax accounting income of $100,000. Bryce has interest on municipal bonds of $7,000. Depreciation for tax purposes is $5,000 greater than depreciation for financial reporting purposes. Bad debt expense was $3,000, and bad debts for tax purposes was $1,000. Calculate taxable income. Multiple choice question. $87,000 $99,000 $101,000 $90,000
Answer:
$90,000
Explanation:
It is given that :
The pretax accounting income of Bryce Corporation 100,000
The interest on the municipal bonds - 7,000
The depreciation - 5,000
The difference in bad debt expense (3000-1000) +2,000
So the total income of Bryce Corporation $ 90,000
In the market for pickled herring there are two competing producers: Abbas and Taste of Base. Both herring manufacturers have fixed cost of $240,000 a year and a constant marginal cost (AVC) of $1.80 per jar. In the current year, Abbas produced and sold 125,000 jars of herring while Taste of Base produced and sold 150,000 jars. Based on this information, we can expect Taste of Base's quantity sold to _____________ and its ________ in the future.
Answer: a. increase; average fixed cost to decrease.
Explanation:
Taste of Base produced and sold 150,000 jars of herring which was more than that of Abbas. As far as competition goes, Base is ahead of Abbas and this will only increase in future as they have the same cost yet are ahead. This efficiency will ensure that their quantity sold will increase.
Their average fixed cost will therefore decrease because average fixed cost is total fixed cost divided by the number of units produced so with a higher production level, there will be less average fixed cost.
Marty, a 16-year-old, contracted with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. He agreed to make monthly payments until the purchase price plus interest were paid in full. It is three years later and Marty has not disaffirmed the contract and has made regular payments on the cycle since turning 19. Which of the following is correct?
A) The contract is voidable by Marty.
B) The contract is void as soon as it is made.
C) The contract is voidable by Cream-of-the-Crop Cycles.
D) The contract is voidable by either Marty or Cream-of-the-Crop Cycles.
Answer:
Marty has ratified the contract and is now bound by the terms.
Explanation:
In the given case as we can see that the Marty was minor and as per the act the eligibility to enter into a contract should be in the age of 18 years or above so here the contract should be voidable but after 3 years he would be 19 years and now he would ratified the contract and now bound with the contract terms
Hence, the above represent the answer
There is an investment with the discount rate of 6 %. What should be the present value of the investment if we want to get a net cash flow of $17500;
a) After 1 year
b) After 2 years
c) After 3 years
Answer:
a. $16,509.434
b. $15,574.94
c. $14,693.34
Explanation:
The calculation of the present value for the following cases is
we know that
Present Value = Future Value ÷ (1+ rate of interest)^number of years
a. After one year
= $17,500 ÷ (1 + 0.06)^1
= $16,509.434
b. After 2 years
= $17,500 ÷ (1 + 0.06)^2
= $17,500 ÷ 1.1236
= $15,574.94
c. After 3 years
= $17,500 ÷ (1 + 0.06)^3
= $17,500 ÷ 1.191016
= $14,693.34
Therefore, the present value after one year, 2 years and third year is $16,509.434 ,$15,574.94 and $14,693.34 respectively
Leaders at ElectroExpo Inc. want to develop a results-oriented organizational culture. To do this, they devise a new system to maintain project logs in order to record any lags in project execution. They also encourage their employees to work on every alternate Saturday of a month in order to increase productivity in exchange for additional compensation. However, the leaders face stiff resistance from the employees because they are not comfortable with this change. In this case, which of the following steps should the leaders take?
a. The leaders should take legal actions against the employees who oppose the change or who instigate other employees to resist the change.
b. The leaders should find ways to enable the employees to see the value in changes that are needed for the organization to succeed.
c. The leaders should promise to fulfill all the demands of the employees and empower them to make important business decisions.
d. The leaders should lay off the employees who are resisting the changes in the organization.
Answer: b. The leaders should find ways to enable the employees to see the value in changes that are needed for the organization to succeed
Explanation:
With regards to the information given in the question, the best option will be for the leaders to find ways to enable the employees to see the value in changes that are needed for the organization to succeed.
In every organization, communication is key between the management and the employees. In this case, the leaders should inform the employees about the reason that they are taking the decision and how the decision will have an impact on the organization.
Taking legal steps against the employees or laying them off isn't the right thing to do. The employees should be made to see the value in the changes to be made.
Therefore, the correct option is B.
When you undertook the preparation of the financial statements for Oriole Company at January 31, 2021, the following data were available: At Cost At Retail Inventory, February 1, 2020 $83,470 $99,500 Markdowns 35,200 Markups 64,000 Markdown cancellations 19,200 Markup cancellations 9,000 Purchases 226,000 286,500 Sales revenue 310,000 Purchases returns and allowances 4,900 5,900 Sales returns and allowances 9,400 Compute the ending inventory at cost as of January 31, 2021, using the retail method which approximates lower of cost or market. Ending inventory at cost
Answer:
See below
Explanation:
Cost Retail
Beginning inventory 83,470 99,500
Add: Purchases 226,000 286,500
Less:
Purchases return (4,900) (5,900)
Add:
Net markups
(64,000 - 9,000) ---------- 55,000
Balance 304,570 380,100
Cost to retail percentage 80%
304,570/380,100
Less:
Net markdowns
(35,200 - 19,200) ----------- (16,000)
Goods available for sale 304,570 364,100
Less: Net sales
(310,000 - 9,400) ------- (300,600)
Estimated ending inventories at retail prices ---------- 63,500
Estimated ending inventory at cost
(63,500 × 80%) (50,800) ---------
Estimated cost of goods sold 253,770
Ending inventory at cost using the retail method is $50,800
Determine which one of these three portfolios dominates another. Name the dominated portfolio and the portfolio that dominates it. Portfolio Blue has an expected return of 13 percent and risk of 17 percent. The expected return and risk of portfolio Yellow are 19 percent and 15 percent, and for the Purple portfolio are 18 percent and 22 percent. multiple choicePortfolio Purple dominates portfolios Blue and Yellow.Portfolio Blue dominates portfolios Yellow and Purple.Portfolio Yellow dominates portfolios Blue and Purple.
Answer: Yellow dominates portfolios Blue and Purple.
Explanation:
Portfolio Yellow has a higher expected return than either portfolio Blue or Portfolio Purple which means that if we were evaluating the portfolios on return alone, Portfolio Yellow would dominate the other two.
However, we need to adjust for risk. The portfolio with the lowest standard deviation is the less riskier one of the three. That portfolio is Yellow which means that Yellow has both a higher expected return and a lower risk. It would therefore dominate the rest.
Question 9 of 15
What is a social platform?
A system that is dedicated to the development and management of an organization's employee policies.
A system that is dedicated to the development and management of customer relations.
A system that enables the development, deployment, and management of human resources solutions and
services.
A system that enables the development, deployment, and management of online interaction solutions and
services.
I don't know this yet.
Answer:
b is it I seen this before
Marigold Corp. issued at a premium of $10500 a $192000 bond issue convertible into 4700 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $4000, the market value of the bonds is $212000, and the stock is quoted on the market at $60 per share. If the bonds are converted into common, what is the amount of paid-in capital in excess of par to be recorded on the conversion of the bonds
Answer: $102000
Explanation:
The following can be deduced fkem the question:
Face value of bonds = $192000
Unamortized Premium = $4000
Conversion of Equity Shares = 4700 x $20 = $94000
Paid in Capital in Excess of Par = $192000 + $4000 - $94000
= $102000
The client Circuit City is considering the introduction of private label brands into their superstores. Private label brands are unbranded products made by an OEM (original equipment manufacturer). Is there any value in this product line? If yes, what are the sources of value of this program? What are the potential downside risks associated with introducing private label products?
Answer:
Following are the responses to the given question:
Explanation:
Please find the complete question.
Yes, value exists. Their price is lower and therefore more competition and benefit are higher. Its value is reduced. Further competition among producers leads to higher production and lower prices. Further good product feedback will increase profitability after their use by consumers. Based on buyers' requirements, drugs can also be added. The drawback is that the output and performance depend more on the producer. Initially, the gain can be very low due to lower prices. Because they are typically replicas of premium products, a distinctive identity becomes difficult to have. Besides, customers get less trust and this problem is worse from the outset.
Kieso Company borrowed $640,000 for six months. The annual interest rate on the loan was 8%. Kieso's fiscal year ends on December 31. Kieso borrowed the $640,000 one month prior to the end of its last fiscal year and paid the $640,000 plus interest back five months into its current fiscal year. How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year
Answer:
Interest for last fiscal year $4,267
Interest for current fiscal year $21,333
Explanation:
Calculation to determine How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year
Interest for last fiscal year=$640,000*8%*1/12
Interest for last fiscal year=$4,267
Interest for current fiscal year=$640,000*8%*5/12
Interest for current fiscal year=$21,333
Therefore How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year are:
Interest for last fiscal year $4,267
Interest for current fiscal year $21,333
Variance analysis reports can be prepared to examine the difference between budgeted and actual figures for:
Production in terms of cost, quantity and quality
Sales
Profit
Income per sales dollar
Growth rate
Required:
Complete the following variance analysis report.
Variance Analysis Report Actual Budget Variances
REVENUE 320,000 318,750
Direct Expense (variable) 101,000 100,000
Allocated general expenses (fixed) 78,000 80,000
Allocated service expenses:
Department 1 20,500 20,000
Department 2 65,000 62,500
Department 3 101,500 100,000
TOTAL EXPENSES
NET INCOME
Answer:
Following are the responses to the given question:
Explanation:
Report on varying analyses Current Fiscal Variations
Income 320000 318750 -1250
Direct expenditure (variable) 101000 100000 -1000
General expenditure allocated (fixed) 78000 80000 2000
Operation costs allocated:
Section 1 20500 20000 -500
Section 2 65000 62500 -2500
Section 3 101500 100000 -1500
Total expenses 366000 362500 -3500
Total Income - 46000 -43750 -2250
Problem 11-5 Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that an average of 40 customers (with a standard deviation of 26) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $140. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $270. Super Discount considers the cost of flying the plane from New York to Los Angeles a sunk cost. By how many seats should Super Discount overbook the flight? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round your answer to the nearest whole number.) Overbooked by passengers
Answer:
29 Seats
Explanation:
Calculation to determine By how many seats should Super Discount overbook the flight
First step is to calculate the Critical ratio using this formula
Critical ratio=Cu/Cu +Co
Where,
Cu represent cost of underestimating the demand =$140
Co represent the cost of overestimating the demand =$270
Let plug in the formula
Critical ratio=$140/$140+$270
Critical ratio=$140/$410
Critical ratio=0.34146
Second step is to use Excel's NORMSINV() function to find thez-score that yields a p-value of 0.34146 which gives us -0.40848
Now let determine By how many seats should Super Discount overbook the flight
Numbers of seats to overbook the flight= 40 + (-0.40848 x 26)
Numbers of seats to overbook the flight=40 - 10.62048=
Numbers of seats to overbook the flight=29.37952
Numbers of seats to overbook the flight=29.4 seats (Approximately)
Numbers of seats to overbook the flight=29 seats (Rounded to the nearest whole number)
Therefore By how many seats should Super Discount overbook the flight is 29 seats
Stephen Company had the following partial list of account balances at year-end: Accounts Receivable: $9,000 Cost of Goods Sold: $34,100 Sales Revenue: $57,200 Accounts Payable: $7,500 Sales Discounts: $1,600 Merchandise Inventory: $5,900 Operating Expenses: $8,400 Sales Returns and Allowances: $4,300 The amount of Gross Profit shown on the income statement would be: A) $ 26,200 B) $ 8,800 C) $ 17,200 D) $ 8,200 E) $ 11,300
Answer:
The correct option is C) $17,200.
Explanation:
The amount of Gross Profit shown on the income statement can be calculated as follows:
Net sales revenue = Sales Revenue - Sales Discounts - ales Returns and Allowances = $57,200 - $1,600 - $4,300 = $51,300
Gross profit = Net sales revenue - Cost of Goods Sold = $51,300 - $34,100 = $17,200
Therefore, the correct option is C) $17,200. That is, the amount of Gross Profit shown on the income statement would be $17,200.
There is an investment with the discount rate of 6 %. What should be the present value of the investment if we want to get a net cash flow of $17500;
a) After 1 year
b) After 2 years
Answer:
a. $16,509.434
b. $15,574.94
Explanation:
The computation of the present value in each case is as followS:
As we know that
Present Value = Future Value ÷ (1+ rate of interest)^number of years
a. AFter one year
= $17,500 ÷ (1 + 0.06)^1
= $16,509.434
b. After 2 years
= $17,500 ÷ (1 + 0.06)^2
= $17,500 ÷ 1.1236
= $15,574.94
Hence, the present value after one year and 2 years is $16,509.434 and $15,574.94 respectively
Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,750,000 in 2021 for the mining site and spent an additional $750,000 to prepare the mine for extraction of the copper. After the copper is extracted in approximately four years, the company is required to restore the land to its original condition, including repaving of roads and replacing a greenbelt. The company has provided the following three cash flow possibilities for the restoration costs:
Cash Outflow Probability
1 $ 450,000 15 %
2 550,000 45 %
3 750,000 40 %
To aid extraction, Jackpot purchased some new equipment on July 1, 2021, for $270,000. After the copper is removed from this mine, the equipment will be sold. The credit-adjusted, risk-free rate of interest is 12%.
Required:
1. Prepare the journal entries to record the acquisition costs of the mine and the purchase of equipment.
2. Prepare journal entries for :
a. Record the acquisition costs of the mine.
b. Record the purchase of equipment.
Answer:
Jackpot Mining Company
1. Journal Entries to
a) record the acquisition cost of ths mine:
Debit Investment in Copper Mine $1,750,000
Credit Cash $1,750,000
To record the cost of acquiring the mining site
Debit Investment in Copper Mine $750,000
Credit Cash $750,000.
To record the cost of preparing the mine site.
Debit Investment in Copper Mine $390,844
Credit Restoration Liability $390,844
To record the provision for mine restoration liability.
b) the purchase of equipment:
July 1, 2021
Debit Equipment $270,000
Credit Cash $270,000
To record the purchase of equipment.
Explanation:
a) Data and Analysis:
2021 Investment in Copper Mine $1,750,000 Cash $1,750,000
2021 Investment in Copper Mine $750,000 Cash $750,000
Restoration cost:
Cash Outflow Probability Expected Cost
1 $ 450,000 15 % $67,500
2 550,000 45 % 247,500
3 750,000 40 % 300,000
Expected restoration cost = $615,000
Adjusted risk-free interest rate = 12%
Mining period before restoration = 4 years
PV of restoration cost = $390,844
N (# of periods) 4
I/Y (Interest per year) 12
PMT (Periodic Payment) 0
FV (Future Value) $615,000
Results
PV = $390,843.62
Total Interest $224,156.38
Purchase of new equipment"
July 1, 2021 Equipment $270,000 Cash $270,000
Total cost of copper mine:
Acquisition cost $1,750,000
Additional cost 750,000
Restoration cost 390,844
Total cost of mine $2,890,844
During its first year of operations, Swifty Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 27,100 shares for cash at $6 per share. July 1 Issued 60,500 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $6 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share.
Answer:
Swifty Corporation
Journal Entries:
a) Par value of $6 per share
Jan. 10
Debit Cash $162,600
Credit Common Stock $162,600
To record the issuance of 27,100 shares for cash at $6 per share.
July 1
Debit Cash $423,500
Credit Common Stock $363,000
Credit Additional Paid-in Capital $60,500
To record the issuance of 60,500 shares for cash at $7 per share.
b) Stock at no-par with a stated value of $3 per share:
Debit Cash $162,500
Credit Common Stock $81,300
Credit Additional Paid-in Capital $81,300
To record the issuance of 27,100 shares for cash at $6 per share.
July 1
Debit Cash $423,500
Credit Common Stock $181,500
Credit Additional Paid-in Capital $242,000
To record the issuance of 60,500 shares for cash at $7 per share.
Explanation:
a) Data and Analysis:
a) Par value of $6 per share
Jan. 10 Cash $162,600 Common Stock $162,600 27,100 shares for cash at $6 per share.
July 1 Cash $423,500 Common Stock $363,000 Additional Paid-in Capital $60,500
b) Stock at no-par with a stated value of $3 per share:
Cash $162,500 Common Stock $81,300 Additional Paid-in Capital $81,300
July 1 Cash $423,500 Common Stock $181,500 Additional Paid-in Capital $242,000
where q is the quantity of bicycles produced. When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marginal revenue in the discussions in your textbook. a) If the fixed cost in producing the bicycles is $2800, find the total cost to produce 30 bicycles. Answer: $ 4718.9869 equation editorEquation Editor b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bikes
Question Completion
A manufacturer of mountain bikes has the following marginal cost function:
C(q)=600/(0.7q+5)
Answer:
a. The total cost = $3,492.40
b. The profit on the first 30 bikes is:
= $2,507.60
Explanation:
a) Data and Calculations:
Fixed cost for producing the bicycles = $2,800
Number of bicycles produced = 30
Selling price per bike = $200
Marginal cost (C(q)) =600/(0.7q+5)
= 600/ (0.7*30 + 5)
= 600/ (21 + 5)
= 600/26
= $23.08
Total cost = Fixed cost + (C(q))
= $2,800 + $23.08 * 30
= $2,800 + $692.40
= $3,492.40
Profit:
Sales revenue $6,000 ($200 * 30)
Less Total cost 3,492.40
Profit = $2,507.60
On January 1, 2020, Doone Corporation acquired 80 percent of the outstanding voting stock of Rockne Company for $448,000 consideration. At the acquisition date, the fair value of the 20 percent noncontrolling interest was $112,000, and Rockne's assets and liabilities had a collective net fair value of $560,000. Doone uses the equity method in its internal records to account for its investment in Rockne. Rockne reports net income of $170,000 in 2021. Since being acquired, Rockne has regularly supplied inventory to Doone at 25 percent more than cost. Sales to Doone amounted to $230,000 in 2020 and $330,000 in 2021. Approximately 30 percent of the inventory purchased during any one year is not used until the following year.
Requied:
a. What is the noncontrolling interest's share of Rockne's 2021 income?
b. Prepare Doone's 2021 consolidation entries required by the intra-entity inventory transfers
Answer:
(A). $32,800
(B). Entries are shown below.
Explanation:
(A) According to the scenario, computation of the given data are as follows,
Net income of Rockne Company in 2021 = $170,000
Unrealized profit 2020 = $230,000 × 30% × 20% = $13,800
Unrealized profit 2021 = $330,000 × 30% × 20% = $19,800
So, Total income = $170,000 + $13,800 - $19,800 = $164,000
Now, noncontrolling interest's share of Rockne's 2021 income can be calculated as follows,
NCI share of Rockne's 2021 income = Total income × 20%
= $164,000 × 20%
= $32,800
(B). Journal entries for the given data are as follows,
1. Retained Earnings A/c Dr. $13,800
To, COG sold A/c. $13,800
( Being event *G entry is recorded)
2. Sales A/c Dr. $330,000
To, COG sold A/c. $330,000
( Being event TI entry is recorded)
3. COG sold A/c Dr. $19,800
To, Inventory A/c. $19,800
( Being event G entry is recorded)
Sunrise, Inc., has no debt outstanding and a total market value of $245,000. Earnings before interest and taxes, EBIT, are projected to be $19,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 25 percent higher. If there is a recession, then EBIT will be 40 percent lower. The company is considering a $58,800 debt issue with an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 5,000 shares outstanding. Ignore taxes for this problem. Assume the stock price is constant under all scenarios.
Required:
a. Calculate earnings per share, EPS, under each of the three economic scenarios before any debt is issued. Also calculate the percentage changes in EPS when the economy expands or enters a recession.
b. Repeat part (a) assuming that the company goes through with recapitalization. What do you observe?
Answer:
Sunrise, Inc.
a. Earnings per share (EPS) under the three economic scenarios before debt is issued:
Scenarios EBIT EPS Percentage Changes
Normal $19,000 $3.80 ($19,000/5,000)
Expansion $23,750 $4.75 ($23,750/5,000) 25% ($0.95/$3.80 * 100)
Recession $11,400 $2.28 ($11,400/5,000) 40% ($1.52/$3.80 * 100)
b. After capitalization, Earnings per share (EPS) under the three economic scenarios:
Repurchase of stock = $58,800/$49 = 1,200 shares
Outstanding shares = 3,800 (5,000 - 1,200)
Interest expense = $4,700 approx.
Net Income (taxes ignored) = $14,300
Scenarios Net income
Normal $14,300 ($19,000 - $4,700 Interest)
Strong Expansion $17,875 ($14,300 * 1.25)
Recession $8,580 ($14,300 * 0.60)
Scenarios Net income EPS Percentage Changes
Normal $14,300 $3.76 ($14,300/3,800)
Expansion $17,875 $4.70 ($17,875/3,800) 25% ($0.94/$3.76 * 100)
Recession $8,580 $2.25 ($8,580/3,800) 40% ($1.51/$3.76 * 100)
Observation:
The EPS changed under each scenario when the debt was issued, but the percentage changes remained similar to the changes before the debt issue. This can be attributed to the change in the outstanding shares from 5,000 to 3,800. With the debt issue, the EBIT is not used in the calculations but the income after taxes.
Explanation:
a) Data and Calculations:
Total market value = $245,000
Outstanding shares = 5,000
Market price per share = $49 ($245,000/5,000)
EBIT (Earnings before interest and taxes) = $19,000 (normal economic condition)
Scenarios EBIT
Normal $19,000
Strong Expansion $23,750 ($19,000 * 1.25)
Recession $11,400 ($19,000 * 0.60)
Debit issue = $58,800
Interest rate of debt = 8%
The broker has noticed that a great number of people who are buying in the neighborhood where his listing is located speak Russian. He also noticed a Russian grocery store right by the neighborhood that was attractive. He decides to stop the advertising the property and started advertising the property on two different Russian internet sites. This is:________
a) acceptable because it is not print media
b) unnacceptable due to its discrimnatory nature
c) acceptable if the advertisement includes no preferential language
d) the only appropriate way to market property in this neighborhood
Answer:
c) acceptable if the advertisement includes no preferential language
Explanation:
In the given case since it is mentioned that grocery store was attractive and he decided to stop the advertising of the property and begins the advertising on two distinct russian internet site so this would be acceptable in the case when the advertisement does not involve any kind of preferential language
Therefore the option c is correct
Each of the following is a main source of web traffic EXCEPT:
banner ads
radio networks
affiliate networks
word of mouth
Answer:
I think radio networks
Explanation:
why because i never heard them talk about that stuff on the radio sorry if it was wrong
Geralt of Rivia is an independent contractor who specializes in monster-killing. His unique skills have earned him the bargaining power to sell his services at a high price to those willing to pay for the removal of infestations of fire elementals, rock trolls, royal wyverns, or the like. Geralt specializes only in hard-to-kill monsters, however, leaving the likes of basiliks and harpies, monsters lower on the totem pole, to less sophisticated monster slayers.
Given these facts, based on the Generic Business Strategies framework, we might say that Geralt occupies the_______ (1) quadrant of the framework.
When Geralt takes a contract from a rich village seeking his aid, they represent a/n _______(2)
Geralt often buys potions and elixirs from various alchemists to help his fighting ability. However, he can make these potions and elixirs himself if he has the time. If he were to do this instead of buying from the alchemists, this would constitute a form of________ (3)
When Geralt takes a contract, it usually requires about a week of planning and preparation, which includes trips to the armorer, time spent making alchemical concoctions that protect him during the confrontation with the monster(s), and the staking out of ideal fighting ground when the battle occurs. As such, Geralt ofter has to choose between contracts, sometimes accepting one contract while forgoing the opportunity to pursue another contract. As we have discussed, this decision constitutes a_________ (4).
Now, let's say that Geralt is governed by a neutral "Council of Witchers" that ensure that those who purchase Geralt's services (e.g., rich villages or principalities plagued by monster infestations) are well-served, and that Geralt spends their gold in ways that work toward the removal of the targeted monsters which these clients have paid to have removed.
We might say that this "Council" serves as Geralt's role in this arrangement. Geralt, in turn, serves as the ______(5) and that the purchasers of Geralt's services, such as rich villages, represent the________ (6) in this arrangement. х (1) differentiation (2) buyer х (3) forward integration (4) tradeoff (5) management х (6) party __________(7) agent
Answer: 1. Differentiation focus
2. Buyer
3. Backward Integration
4. Trade off
5. Board of directors
6. Principal
7. Agent
Explanation:
1. Geralt is using Differentiation focus strategy as it gives the customers a product which they believe is superior than other similar products although the price if the product is higher than others. The product is unique from other products.
2. When Geralt takes a contract from a rich village seeking his aid, they represent a buyer.
3. If Geralt makes the potions and elixirs himself if he has the time rather than buying from the alchemists, this would constitute a form of backward integration. This is because he's expanding his role by taking up a task that's being completed previously in the supply chain.
4. Since Geralt has to choose between contracts, this is a trade off. Trade occurs when we've to choose between alternatives. In this case, we forgo some at the expense of others.
5. Based in the information given, Geralt serves as the board of director.
6. Those who buy Geralt's services, such as rich villages, represent the Principal.
7. Geralt serves as the agent. He's the one negotiating contracts and supplying what's needed.
Income from installment sales of properties included in pretax accounting income in 2021 exceeded that reported for tax purposes by $7 million. The installment receivable account at year-end 2021 had a balance of $8 million (representing portions of 2020 and 2021 installment sales), expected to be collected equally in 2022 and 2023. Sherrod was assessed a penalty of $2 million by the Environmental Protection Agency for violation of a federal law in 2021. The fine is to be paid in equal amounts in 2021 and 2022. Sherrod rents its operating facilities but owns one asset acquired in 2020 at a cost of $112 million. Depreciation is reported by the straight-line method, assuming a four-year useful life. On the tax return, deductions for depreciation will be more than straight-line depreciation the first two years but less than straight-line depreciation the next two years ($ in millions):
Answer:
1. Taxable income = $76 million
2. Net income = $65.25 million
3-a. Net current Deferred Tax Asset = $1.95 million
3-b. Net current Deferred Tax Liability = $6.25 million
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation of the answers I now provided as follows:
1. Determine the amounts necessary to record income taxes for 2021, and prepare the appropriate journal entry.
1-a. Note: See the attached excel file for the determination of the amounts necessary to record income taxes for 2021 and the taxable income.
From the attached excel file, we have:
Taxable income = $76 million
1-b. The journal entries will look as follows:
Details Debit ($'m) Credit ($'m)
Tax expense (6.75 + 19 - 3) 22.75
Deferred tax asset (25% * (1 + 13 - 2)) 3.00
Deferred tax liability (25% * (7 + 20)) 6.75
Tax payable (25% * 76) 19.00
(To record tax expense.)
2. What is the 2021 net income?
This can be determined as follows:
Net income = Pretax accounting income - Tax expense = $88 million - $ 22.75 million = $65.25 million
3. Show how any deferred tax amounts should be classified and reported in the 2021 balance sheet.
3-a. The deferred tax amounts should be classified as follows.
From installment receivable in point (a) in the question:
Current deferred tax liability in 2022 (25%* ($4 / 2)) = $1
Noncurrent deferred tax liability in 2023 (25%* ($4 / 2)) = $1
From the depreciation in point (c.) in the question:
Noncurrent deferred tax liability (25%* ((24 + 24) - (14 + 7))) = $6.75
From the Warranty Expense/Payable in point (d.) of the question:
Current deferred tax asset (40%* 3) = $1.20
From the Acrrued Expense/Payable in point (e.) of the question:
Current deferred tax asset (25%* 7) = $1.75
Noncurrent deferred tax liability (25% * $6) = $1.50
3-b. These will be reported reported in the 2021 balance sheet as follows:
Sherrod, Inc.,
Balance Sheet (Partial)
As the Year Ended 31 December, 2021
Details $'Million
Assets:
Current Deferred Tax Asset (1.20 + 1.75) 2.95
Current Deferred Tax Liability -1.00
Net current Deferred Tax Asset 1.95
Liabilities:
Noncurrent Deferred Tax Asset (A) 1.50
Noncurrent Deferred Tax Liabiity (1.0 + 6.75) (B) 7.75
Net current Deferred Tax Liability (C = B - A) 6.25
As a long-term investment at the beginning of the 2018 fiscal year, Florists International purchased 25% of Nursery Supplies Inc.'s 16 million shares for $59 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $36 million and distributed cash dividends of $2.25 per share. At the end of the year, the fair value of the shares is $55 million.
Required:
a. Prepare the appropriate journal entries from the purchase through the end of the year.
b. Record the investment revenue in Nursery Supplies shares
c. Record the cash dividends received from Nursery Supplies shares
Answer: Please find answers in explanation column
Explanation:
To record investment in Nursery Supplies
Account title and explanation Debit Credit
Investment in Nursery supplies common stock $59 million
Cash $59 million
2. To record share in net income by Nursery supplies
Account title and explanation Debit Credit
Investment in Nursery supplies common share $9 million
Investment Revenue $9 million
Calculation
25% x net income of $36 million =$9 million
3.To record share in dividends received from Nursery Supplies
Account title and explanation Debit Credit
Cash $9 million
Investment in Nursery supplies common share $9 million
Calculation
16 million shares x 25% x $2.25per share=$9 million
if you are going to create or own a business, what would it be? List at least 3 and cite your reasons why you have listed them.
Answer:
If I were to create a business, and had to choose three alternatives of commercial sectors in which to get involved, I would choose the following:
-Renewable energies, given that given the eventual disappearance of fossil fuels and the rise of electric cars, renewable energies will become the main source of power in the medium-term future.
-Mining of cryptocurrencies, inasmuch as these currencies have been classified as the money of the future, and the exponential growth they have had since their inception has been remarkable.
-Retail of essential consumer goods, such as food, as it is a necessary industry and whose consumption, despite the ups and downs of the economy, never declines.
Henry, Luther, and Gage are dissolving their partnership. Their partnership agreement allocates each partner 1/3 of all income and losses. The current period's ending capital account balances are Henry, $45,000; Luther, $37,000; and Gage, $(5,000). After all assets are sold and liabilities are paid, there is $77,000 in cash to be distributed. Gage is unable to pay the deficiency. What amount of cash will Gage receive upon liquidation
Answer: b. Debit Henry, Capital $42,500; debit Luther, Capital $34,500; credit Cash $77,000. Debit Henry, Capital $45,000; debit Luther, Capital $37,000; credit Gage, Capital $5,000; credit Cash $77,000.
Explanation:
The deficiency will apportioned to Henry and Luther equally.
Henry capital becomes = 45,000 - 2,500 = $42,500
Luther capital becomes = 37,000 - 2,500 = $34,500
The $77,000 will then be debited to their capital accounts to recognize the balance left in their accounts:
= 42,500 + 34,500
= $77,000
Credit Gage for $5,000 to recognize that Henry and Luther paid off the deficiency.
Label each description with the appropriate term. Any label can be used more than once, but each description requires only one term. The reward a saver expects on loaned funds: The cost a borrower pays for loaned funds: The difference between the real interest rate and the nominal interest rate: The percentage of disposable income that is kept as personal savings: The term that indicates why most people need to be incentivized to save: The result of consumption exceeding income over a particular period:
Answer Bank
inflation rate
savings rate
interest rate
dissaving
time preferences
Answer:
inflation rate - The difference between the real interest rate and the nominal. The term that indicates why most people need to be incentivized to save
Inflation rate is the general increase in the price of goods and services within an economy over time. The real interest rate is the nominal interest rate minus inflation rate. Inflation incentivizes people to save, because if they save, they can invest their money at an interest rate higher than inflation, otherwise, their money will end up losing value.
savings rate - The percentage of disposable income that is kept as personal savings
Savings rate is simply the percentage of income that is left for saving. If a person earns 1,000 and saves 200, the savings rate is 20%.
interest rate - The reward a saver expects on loaned funds
The interest rate is the price of borrowing. The loaner accepts to give temporary control of his or her money to another person, in exchange for an extra payment, the interest rate.
dissaving - The result of consumption exceeding income over a particular period
Dissaving occurs when people spend more than they earn. Dissaving can be very harmful not only for household economies, but also for the economy as a whole, because it does not allow investment to flourish, and could lead to actual destruction of wealth via overconsumption.
An inflation rate, savings rate, interest rate, dissaving and time preferences are all important terms in finance field.
What is an inflation rate?The inflation rate is the difference between the real interest rate and the nominal rate.
What is saving rate?The savings rate is the percentage of disposable income that is kept as personal savings.
What is an interest rate?An interest rate is the reward a saver expects on loaned funds
What is dissaving?A dissaving occurs as a result of consumption exceeding income over a particular period.
What is time preference?A time preference is a theory that indicates why most people need to be incentivized to save as its explain the time value of money.
In conclusion, the inflation rate, savings rate, interest rate, dissaving and time preferences are all important terms in finance field.
Read more about Interest rate
brainly.com/question/25545513
emiannual coupon bonds with the same risk (Aaa) and maturity (20 years) as your company's bonds have a nominal (not EAR) yield to maturity of 9%. Your company's treasurer is thinking of issuing, at par, some $1,000 par value, 20-year, quarterly payment bonds. She has asked you to determine what quarterly interest payment, in dollars, the company would have to set in order to provide the same effective annual rate (EAR) as those on the 20-year, semiannual payment bonds. What would the quarterly, dollar interest payment be
Answer:
quarterly coupon payment = $22.25
Explanation:
effective annual interest rate of current bonds = (1 + 9%/2)² - 1 = 9.2025%
if the new bonds will have quarterly payments, then the nominal interest rate should be:
1.092025 = (1 + r/4)⁴
⁴√1.092025 = ⁴√(1 + r/4)⁴
1.02225 = 1 + r/4
0.02225 = r/4
r = 8.9% annual
quarterly rate = 2.225%
quarterly coupon payment = $22.25
Quantitative Problem: Barton Industries expects that its target capital structure for raising funds in the future for its capital budget will consist of 40% debt, 5% preferred stock, and 55% common equity. Note that the firm's marginal tax rate is 25%. Assume that the firm's cost of debt, rd, is 9.0%, the firm's cost of preferred stock, rp, is 8.2% and the firm's cost of equity is 11.6% for old equity, rs, and 11.9% for new equity, re. What is the firm's weighted average cost of capital (WACC1) if it uses retained earnings as its source of common equity
Answer: 9.49%
Explanation:
Formula for WACC:
WACC = (Cost of Equity * Weight of equity) + [(Cost of debt * weight of debt) * (1 - tax rate)] + (Cost of Preference share * weight of preference share).
As we are using retained earnings, this is not a new stock issue so the relevant cost of equity to use is the old one.
WACC = (11.6% * 55%) + [(9% * 40%) * (1 - 25%)] + (8.2% * 5%)
= 9.49%