Answer:
Explanation:
Preparation of all journal entries made in 2017 related to the bond issue.)
Jan.1
Dr Cash $618,000
Cr Bonds Payable $618,000
Cr Premium on Bonds Payable. $8,000D
c.3 Interest Expense $59,100
Dr Premium on Bonds Payable $900
($18,000 *$20)
Cr Interest Payable $60,000
($600,000 × 10% = $60,000)
How has globalization made countries more independent
Answer:
Countries rely on each other for new industries. Countries rely on each other for chances to import. Countries rely on each other for an employment base. Countries rely on each other for cheaper products. Countries rely on each other for chances to export. Countries now rely on one another for vital resources.
When a perfectly competitive firm decides to shut down, Group of answer choices marginal cost is above average variable cost.
Answer:
price is below average variable cost
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
firms should shutdown when price is less than average variable cost and exit when price is less than average total cost
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300. Total stockholders' equity was $6,000. The debt-to-equity ratio is
Answer:
1.47
Explanation:
Debt to equity ratio = Debt / Equity
Debt to equity ratio = (Current liabilities + Bonds payable + Lease obligations + Deferred income taxes) / Total stockholder's equity
Debt to equity ratio = ($5,000 + $1,500 + $2,000 + $300) / $6,000
Debt to equity ratio = $8,800 / $6,000
Debt to equity ratio = 1.47
A company bought machinery on January 1, 2016, for $200,000. On January 1, 2018, the machinery had a book value of $100,000. It is estimated that the machine will generate future cash flows of $70,000 and its current fair value is $60,000. How much impairment loss should be recorded
Answer:
The impairment loss that should be recorded is:
= $40,000.
Explanation:
a) Data and Calculations:
Cost of machinery on January 1, 2016 = $200,000
Book value of machinery on January 1, 2018 = $100,000
Estimated future cash flows from the machinery = $70,000
Estimated fair value of the machinery = $60,000
Impairment loss to be recorded = Book value Minus Fair Market Value
= $40,000 ($100,000 - $60,000)
b) The impairment loss is calculated as the difference between the asset's carrying cost of $100,000 and the lower market value of $60,000 instead of $70,000.
The last stage of the strategy-formulating, strategy-executing process is Multiple choice question. implementing and executing the strategy. making corrective adjustments. crafting a strategy. setting objectives.
Answer: making corrective adjustments.
Explanation:
The strategy-formulating, strategy-executing process allows for companies to come up with strategies and then implement them. The first step would be to actually think about a strategic vision and then set objectives on how the company can go about this vision.
Then the company should craft a strategy to match these objectives. After this is done, the strategy should be implemented and executed. The final step would then be to monitor and evaluate both the internal and external environment of the company so as to make corrective adjustments to the strategy to take advantage of the situation.
C programming language is developed and designed by
Answer:
C programming language is developed Dennis M. Ritchie in 1970s.
Which of the following is not part of the definition of culture as it is described in the text?
Answer:
The major elements of culture are symbols, language, norms, values, and artifacts.
Language makes effective social interaction possible and influences how people conceive of concepts and objects.
Explanation:
thank me later
A company that has never previously issued securities registered with the Securities and Exchange Commission, can register in a State by:
Answer:
C. II and III
Explanation:
These are the options for the question
I Filing
II Coordination
III Qualification
A. I only
B. II only
C. II and III
D. I, II, III
The Securities and Exchange Commission (SEC) can be regarded as an oversight agency of U.S. government, which responsible for regulation of securities markets as well as protection of investors. civil actions can be taken by SEC against lawbreakers, they aworks hand in hand along with Justice Department on criminal cases. For a company to register under them , there must be Coordination and Qualification. It should be noted that company that has never previously issued securities registered with the Securities and Exchange Commission, can register in a State by Coordination and Qualification
In a market economy, decisions about which goods are produced are based on:
A. what businesses believe will generate the most profits.
B. what the government decides is important for society.
C. what the local community has made for generations.
D. what health care organizations suggest will be best for citizens.
Answer:
a
Explanation:
i choose a because it just sounds accurate towards me. i don't know anything about business
Turk Manufacturing uses the net present value method to make the decision, and it requires a 15% annual return on its investments. The present value factors of 1 at 15% are: 1 year, 0.8696; 2 years, 0.7561; 3 years, 0.6575. Which machine should Turk purchase
Answer:
E) Only Machine B is acceptable
Explanation:
The computation is shown below;
For Machine A
Year Cash Flow PV Factor PV of Cash Flow
0 -$9,000 1 -$9,000
1 $5,000 0.8696 $4,348
2 $4,000 0.761 $3,044
3 $2,000 0.6575 $1,315
NPV -$293
Machine B
Year Cash Flow PV Factor PV of Cash Flow
0 -$9000 1 -$9,000
1 $1,000 0.8696 $869.6
2 $2,000 0.761 $1,522
3 $11,000 0.6575 $7,232.5
NPV $624.1
As we can see that from the above calculations that the npv for machine A is in negative so the same should not be accepted but for machine the npv is in positive so the same should be accepted
What is the reason AD is downward sloping ? what causes AD to shift? Define OKun's law
subject Macroeconomics, please please help...
Answer:
Increased spending power.
Explanation:
At a lower price level, consumers are likely to have higher disposable income and therefore spend more.
Enterprise Rent-A-Car analyzed and increased their comprehension of how service requests were managed and then made process improvement, bolstering customer experience. What tool did they use? c) New Product Development (NPD) d) Six sigma b) Radical redesign a) Business Process Management (BPM) e) Product life cycle management
Answer:
a) Business Process Management (BPM)
Explanation:
It is correct to say that Enterprise Rent-A-Car used business process management (BPM) to increase their understanding of how service requests were managed, drive process improvements, and enhance the customer experience.
BPM is an effective and easy-to-implement management tool that helps organizations achieve continuous process improvement, as it provides managers with real business data that enable them to make a more effective decision-making process through data and information generated in an intelligent system, which automates the process of understanding the organizational environment through modeling, simulation, execution, control and correction of bottlenecks found in the processes, so that there is continuous improvement in the processes, increasing quality and increasing the positive results of the organization.
The enterprise must use Business Process Management (BPM) method for analyzing purposes.
What is Business Process Management?BPM is the process that helps in discovering, analyzing, and improving processes of business. It leads to the practice of contentious improvement in activities.
Therefore, it enables the understanding of environment modeling and making corrections in bottlenecks for raising quality standards.
Learn more about management here:
https://brainly.com/question/7273865
Ripka Company has 20,000 units in inventory that had a production cost of $4 per unit. These units cannot be sold through normal channels due to a significant technology change. These units could be reworked at a total cost of $30,000 and sold for $35,000. Another alternative is to sell the units to a junk dealer for $10,500. The relevant cost for Ripka to consider in making its decision is Select one: a. $110,000 for reworking the units b. $30,000 for reworking the units c. $80,000 of original product costs d. $35,000 for selling the units to the junk dealer
Answer:
Ripka Company
The relevant cost for Ripka to consider in making its decision is:
b. $30,000 for reworking the units
Explanation:
a) Data and Calculations:
Inventory = 20,000 units
Production cost already incurred = $4 per unit
Total production cost = $80,000 (20,000 * $4)
Total Cost of Reworking the units = $30,000
Sales revenue after rework = $35,000
Alternative sales revenue without reworking = $10,500
b) Relevant cost is the avoidable cost. The cost that can be avoided in this instance is the cost of reworking the units, amounting to $30,000.
In 1982-84 dollars, the real average hourly wage rate in 2005 was $8.18 and in 2006 , it was $8.24 . In 2005 , the CPI was 195.3 and in 2006 , the CPI was 201.6 . Calculate the nominal wage rate in 2005 and in 2006 .
Answer:
the nominal wage rate in 2005 and in 2006 is 15.98 and 16.61 respectively
Explanation:
The computation of the nominal wage rate in 2005 and in 2006 is shown below:
For the year 2005
= $8.18 × $195.3 ÷ 100
= 15.98
And, for the year 2006
= $8.24 × 201.60 ÷ 100
= 16.61
In this way it should be calculated
hence, the nominal wage rate in 2005 and in 2006 is 15.98 and 16.61 respectively
The Tuck Shop began the current month with inventory costing $10,000, then purchased inventory at a cost of $35,000. The perpetual inventory system indicates that inventory costing $30,000 was sold during the month for $40,000. If an inventory count shows that inventory costing $14,500 is actually on hand at month-end, what amount of shrinkage occurred during the month
Answer:
$500 shrinkage
Explanation:
Calculation to determine the amount of shrinkage occurred during the month
Using this formula
Shrinkage=Ending inventory-Actual count
Let plug in the formula
Ending inventory=$10,000 + $35,000 - $30,000 Ending inventory= $15,000
Shrinkage=$15,000 - $14,500
Shrinkage= $500
Therefore the amount of shrinkage occurred during the month is $500
behavior of viettel's customer
Answer:
Some behaviors of viettel's customer are:-
Complex buying behavior.Dissonance-reducing buying behavior.Habitual buying behavior.Variety seeking behavior.Prom Dresses: We are going to make 2 new styles of prom dresses for the new prom season: the sleeveless chiffon and the 2-piece taffeta. The chiffon dress requires 2 hours of sewing, and 2 hours of alterations. The taffeta dress requires 2 hours of sewing and 1 hour of alterations. There are no more than 24 hours available for sewing and no more than 20 hours available for alterations. The price of the chiffon dress is $375, and the price of the taffeta dress is $350. How many of each dress should be made to produce maximum income
Answer and Explanation:
a. The variable could be defined in the following way
Let us assume the number of chiffon dress be x
And, the number of tafetta dress be y
b. The objective function is to increased the income
So,
Maximize z = 375x + 350y
c. The constraints is
2x + 2y≤24 (sewing hours)
2x + y ≤20 (alterations hours)
x,y≥0 (non-negativity)
The same should be considered
Nathan, George, and Bill have formed a partnership and the partnership agreement states that Nathan will receive 40% of the profits and George and Bill will share the remainder equally. During the current year, the partnership earns $120,000. What is the closing entry to record the allocation of partnership income
Answer:
Profits will be distributed in the following way:
Nathan will receive $120,000 x 40% = $48,000
George will receive $120,000 x 30% = $36,000
Bill receive $120,000 x 30% = $36,000
Total = $120,000
Journal entry
Dr Income summary 120,000
Cr Capital, Nathan 48,000
Cr Capital, George 36,000
Cr Capital, Bill 36,000
Megan Corp. recognizes revenue over time to account for long-term contracts. At the date the contract is signed, the price is $600,000 and the expected costs to complete the contract are $400,000. The following information is available:
Year 1 Year 2 Year 3 Costs incurred to date $200,000 $350,000 $500,000 Estimated costs to complete 200,000 150,000 0 Progress billings 200,000 200,000 200.000
What is the amount of gross profit or loss that is recognized in year 2?
a. $30,000 loss
b. $40,000 gross profit
c. $150,000 loss
d. $200,000 gross profit
Answer:
a. $30,000 loss
Explanation:
Calculation to determine What is the amount of gross profit or loss that is recognized in year 2
First step is to calculate the Year 1 Cost to cost ratio using this formula
Year 1 Cost to cost ratio = 200,000 / ( Costs incurred + Cost to complete)
Let plug in the formula
Year 1 Cost to cost ratio= 200,000 / (200,000 + 200,000)
Year 1 Cost to cost ratio= 50%
Second step is to calculate the Gross profit or loss using this formula
Gross profit/Loss = 50% * ( Price - estimated cost to complete)
Let plug in the formula
Gross profit/Loss= 50% ( 600,000 - 400,000)
Gross profit/Loss= $100,000
Third step is to calculate the Year 2 Cost to cost ratio
Using this formula
Year 2 Cost to cost ratio = 350,000 / ( Costs incurred + Cost to complete)
Let plug in the formula
Year 2 Cost to cost ratio = 350,000 / (350,000 + 150,000)
Year 2 Cost to cost ratio = 350,000 / 500,000
Year 2 Cost to cost ratio = 70%
Now let calculate the gross profit or loss using this formula
Gross profit = 70% * ( Price - estimated cost to complete) - Previous Gross
Let plug in the formula
Gross profit= 70% ( 500,000 - 400,000) - 100,000
Gross profit= -$30,000
Gross Loss of $30,000 in Year 2
g Artis Sales has two store locations. Store A has fixed costs of $125,000 per month and a variable cost ratio of 60%. Store B has fixed costs of $200,000 per month and a variable cost ratio of 30%. At what sales volume would the two stores have equal profits or losses
Answer:
$250,000
Explanation:
Calculation to determine At what sales volume would the two stores have equal profits or losses
First step is to determine the Difference in Fixed Cost
Fixed Cost - Store B $200,000
Fixed Cost - Store A $125,000
Different in Fixed Cost $75,000
($200,000-$125,000)
Second step is to determine the Change in Variable Cost Ratio
Variable Cost Ratio - Store A 60%
Variable Cost Ratio - Store B 30%
Change in Variable Cost Ratio 30%
(60%-30%)
Now let determine what the sales volume would the two stores have equal profits or losses
Using this formula
Sales volume = Fixed Cost/Change in Variable Cost Ratio
Let plug in the formula
Sales volume=$75,000/30%
Sales volume=$250,000
Therefore the sales volume in which the two stores would have equal profits or losses is $250,000
When technology is progressing rapidly, firms are more likely to Group of answer choices commit themselves to fixed assets. focus on developing the necessary skills in-house. use linkages with other specialized firms to access resources they do not possess. focus on broadening their capabilities.
Answer: use linkages with other specialized firms to access resources they do not possess.
Explanation:
When technology progresses, firms can benefit by having access to better processes that they may not have by reaching out to other firms that are able to produce those resources.
They will then use the acquired resources to become even more efficient in their own production and produce resources that other companies will then seek which would have the effect of moving the entire economy forward.
Prior to the 1990’s, De Beers diamonds maintained a near monopoly on diamond mining and diamond retail, __________ was high because they controlled supply and demand and controlled prices.
A. the threat of potential new entrants
B. the threat of substitutes
C. the bargaining power of buyers
D. the bargaining power of suppliers
E. rivalry among competitors
For a project being considered by a city, the following cost data is available. (a) Determine both the modified and conventional B/C ratios and offer a recommendation, and (b) if you are concerned because the data is not capturing the effects of Estimated annual disbenefits, how large would these have to be in order for you to change your recommendation (if at all) using the conventional B/C ratio
The question is incomplete. The complete question is :
For a project being considered by a city, the following cost data is available. (a) Determine both the modified and conventional B/C ratios and offer a recommendation, and (b) if you are concerned because the data is not capturing the effects of Estimated annual disbenefits, how large would these have to be in order for you to change your recommendation (if at all) using the conventional B/C ratio?
Initial cost = $10,000,000
O & M cost / year = $450,000
Estimated annual benefits = $850,000
Life = 25 Years
Salvage value = $1 million
MARR = 6%
Solution :
Given :
Initial cost = $10,000,000
Salvage, S = $1,000,000
O and M Cost/year = AOM = $450,000
Benefit per year, AWB = $ 850,000
Equivalent initial cost per year = C
Equivalent salvage per year = S x (A/F, 0.06, 25) = 1,000,000 x (A/F, 0.06, 25)
Let us calculate the interest factors,
[tex]$(A/P,i,n)=\frac{i}{1-\frac{1}{(1+i)^n}}$[/tex]
[tex]$(A/P,0.06,25)=\frac{0.06}{1-\frac{1}{(1+0.06)^{25}}}=0.078226718$[/tex]
[tex]$(A/P,i,n)= \frac{i}{(1+i)^n-1}[/tex]
[tex]$(A/P,0.06, 25)= \frac{0.06}{(1+0.06)^{25}-1} = 0.018226718[/tex]
The equivalent initial cost per year = AWC = 10000000 x 0.078226718 = $ 782267.18
Equivalent salvage per year, AWS = 1,000,000 x 0.018226718 = $ 18226.72
Conventional B-C ratio = AWB/(AWC-AWS+AOM)
= 850000/(782267.18-18226.72+450000)
= 0.7001
Modified B-C ratio = (AWB-AOM)/(AWC-AWS)
= (850000-450000)/(782267.18-18226.72)
= 0.5235
In this case. both the conventional B-C ratio and modified B-C ratio are less than 1, the project is not acceptable.
Braun Company has one service department and two operating (production) departments. Maintenance Department costs are allocated to the two operating departments based on square feet occupied. Listed below are the operating data for the current period: Department Direct Expenses Square Feet Maintenance $27,000 6,000 Milling 77,500 12,000 Assembly 106,400 18,000 The total cost of operating the Assembly Department for the current period is:_____.a. $91,800. b. $115,600. c. $105,400. d. $120,700. e. $130,900.
Answer:
$122,600
Explanation:
Maintenance department cost = $27,000
Assembly department cost = $106,400
Square feet occupied by Milling department = 12,000
Square feet occupied by Assembly department = 18,000
Total square feet occupied by two production departments = Square feet occupied by Milling department + Square feet occupied by Assembly department
= 12,000 + 18,000
= 30,000
Maintenance department cost allocated to Assembly department = Maintenance department cost * (Square feet occupied by Assembly department / Total square feet occupied by two production departments)
= 27,000 * (18,000/30,000)
= 27,000 * 0.6
= 16,200
The total cost of operating the Assembly department for the current period = Assembly department cost + Maintenance department cost allocated to Assembly department
= $106,400 + $16,200
= $122,600
ou are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is - 3,
while group 2’s is - 5. Your marginal cost of producing the product is $40.
a. Determine your optimal markups and prices under third-degree price
discrimination.
b. Identify the conditions under which third-degree price discrimination
enhances profits
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Stocks have a 15% expected return and 25% risk bonds have a 8% expected return and 9% risk the expected return of ________.A portfolio comprised of 75% stocks and 25% bonds is _______
Answer: 13.25%
Explanation:
The expected portfolio return can be calculated as follows:
= (Expected return of stocks * Weight of stocks) + (Expected return of bonds * Weight of bonds)
= (15% * 75%) + (8% * 25%)
= 11.25% + 2%
= 13.25%
EUR Spot Price $1.3579 $1.3527 $1.3588 $1.3580 July EUR Futures Contract Price $1.3750 $1.3782 $1.3827 $1.3713 The profit / loss posted to your account at the close of 3/02 is:.
Answer:
$2,850
Explanation:
The EUR spot price is $1.3579 whereas July futures contract have price of $1.3750. The contract size is EUR 125,000. The profit/ loss reported will be $2,850 based on the July futures contract price. On 3/03 the broker will get a margin call from the exchange.
Swifty Football Co. had a player contract with Watts that is recorded in its books at $8340000 on July 1, 2020. Blossom Football Co. had a player contract with Kurtz that is recorded in its books at $10700000 on July 1, 2020. On this date, Swifty traded Watts to Blossom for Kurtz and paid a cash difference of $1070000. The fair value of the Kurtz contract was $12600000 on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Swifty's books at:_______.
Answer:
"$9,410,000" is the appropriate answer.
Explanation:
Given that,
Fair value,
= $12600000
Cash difference,
= $1070000
Books value before transaction,
= $8340000
Now,
The deferred gain will be:
= [tex](Fair \ value-Cash \ difference)-Books \ value \ before \ transaction[/tex]
= [tex](12600000 -1070000)-8340000[/tex]
= [tex]11530000 -8340000[/tex]
= [tex]3,190,000[/tex] ($)
hence,
The Kurtz contact value will be:
= Fair value - Deferred gain
= [tex]12600000-3190000[/tex]
= [tex]9,410,000[/tex] ($)
Which regulation helps ensure that employees get pensions and other welfare benefit plans from their employers?
A.
Occupational Safety and Health Act
B.
Workers’ Compensation Program
C.
Fair Labor Standards Act
D.
Employee Benefit Security
D. Employee Benefit Security.
Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.
Answer:
The options are
A) as small as possible; all
B) equal; all
C) equal; normal
D) maximized; all
The answer is B) equal; all
Ricky not being in a consumer equilibrium and he considering the prices prices of goods means he allocated all his income in such a way that entails his marginal utility per dollar spent is equal for all goods.
This is to ensure that he cuts cost and maximizes his spending power.