Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
A company reports the following:
Net Sales $1,200,000
Average accounts receivable (Net) 100,000
a. Accounts receivable turnover _____
b. Number of days' sales in receivables _____ days _____
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. A company reports the following:
Cost of goods sold $630,000
Average inventory 90,000
a. Inventory turnover _____
b. Number of days' sales in inventory _____ days

Answers

Answer 1

Answer:

Determination of the following:

1a. Accounts receivable turnover _____ 30.4 x

b. Number of days' sales in receivables _____ 12 days

2a. Inventory turnover _____ 52.1x

b. Number of days' sales in inventory _____ 7 days

Explanation:

a) Data and Calculations:

Company A:

Net sales = $1,200,000

Average accounts receivable (net) = $100,000

Accounts receivable turnover = Net sales/Average accounts receivable

= $100,000/$1,200,000 * 365

= 30.4x

Number of days' sales in receivables = Number of days in the period/Accounts receivable turnover

= 365/30.4 = 12 days

Inventory Turnover = Average inventory /Cost of goods sold * 365

= $90,000/$630,000 * 365

= 52.1x

Number of days' sales in inventory = Number of days in the period/Inventory Turnover

= 365/52.1

= 7 days


Related Questions

The general ledger of ABC Corporation as of December 31, 2021, includes the following accounts: Copyrights $50,000 Deposits with advertising agency (will be used to promote goodwill) 30,000 Discount on bonds payable 70,000 Excess of cost over fair value of identifiable net assets of acquired 80,000 Trademarks 90,000 Equity Investments 100,000 Patents 20,000 In the preparation of ABC balance sheet as of December 31, 2021, what should be reported as total intangible assets

Answers

Answer:

$240,000

Explanation:

Calculation to determine what should be reported as total intangible assets

Using this formula

Total intangible assets=Copyrights+Excess of cost over fair value of identifiable net assets of acquired+Trademarks+Patents

Let Plug in the formula

Total intangible assets=$50,000 + $80,000 + $90,000 +$20,000

Total intangible assets=$240,000

Therefore The Amount that should be reported as total intangible assets is $240,000

Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fund it. Its common stock is currently selling for $22.35 per share, and it is expected to pay a dividend of $2.78 at the end of next year. Flotation costs will represent 8% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 9.2%, and they face a tax rate of 25%. What will be the WACC for this project

Answers

Answer:

The WACC for this project is 22.72%.

Explanation:

P = common stock current selling price per share = $22.35

D1 = Expected dividend next year = $2.78

F = Floating cost = 8%, or 0.08

g = growth rate = 9.2%, or 0.092

t = tax rate = 0.25

r = Ke = cost of equity

The cost of equity can be calculated using the dividend grow model with the consideration of the effect of the issuance or floating cost that reduces cash collected as follows:

P(1 – F) = D1 / (r – g) ….................... (1)

Substituting the relevant value into equation (1) and solve r as follows:

22.35(1 – 0.08) = 2.78 / (r – 0.092)

22.35 * 0.92 = 2.78 / (r – 0.092)

20.562 = 2.78 / (r – 0.092)

20.562 (r – 0.092) = 2.78

20.562r - 1.891704 = 2.78

20.562r  = 2.78 + 1.891704

20.562r = 4.671704

r = 4.671704 / 20.562

r = 0.2272, or 22.72%

Since there is no information that shows there is a debt, this implies that WACC is equal to the cost of equity. Therefore, we have:

WACC = r = Ke = 22.72

[The following information applies to the questions displayed below.] University Car Wash built a deluxe car wash across the street from campus. The new machines cost $258,000 including installation. The company estimates that the equipment will have a residual value of $28,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year Hours Used 1 2,700 2 1,500 3 1,600 4 2,400 5 2,200 6 2,100 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.)

Answers

Answer:

University Car Wash

Depreciation Schedule

Date        Cost of Asset      Depreciation     Accumulated         Net book

                                              Expense          Depreciation             Value

Year 1         $258,000          $38,250              $38,250             $219,750

Year 2          258,000            38,250                 76,500                181,500

Year 3          258,000            38,250                 114,750               143,250

Year 4          258,000            38,250               153,000               105,000

Year 5          258,000            38,250               191,250                 66,750

Year 6          258,000            38,250             229,500                28,500

Explanation:

a) Data and Calculations:

Cost of the new washing machines = $258,000

Estimated residual value = $28,500

Depreciable amount = $229,500 ($258,000 - $28,500)

Straight-line annual depreciation expense = $38,250 ($229,500/6)

Estimated useful life = 6 years

Usage in hours = 12,500 hours

Actual use per year:

Year Hours Used

1                  2,700

2                 1,500

3                 1,600

4                2,400

5               2,200

6                2,100

Total       12,500

What is meant when a company is going through the "refreeze"

Answers

Answer:

Refreezing is the process of fixing these new ideas into the minds of the employees and managers so that they form the new set of beliefs, values, and norms of the organization.

You're a web developer for an online furniture retailer, and you've been having a debate with your boss, the marketing director. She's rejecting your proposal to invite customers' product ratings and reviews on the website because she's concerned that negative comments might discourage sales. You argue that customer feedback would enhance the ________ aspect of your customers' shopping experience.

Answers

Answer:

it will enhance the business aspect

A firm has just paid its annual dividend of $5.64 a share. Thereafter the dividend is expected to increase at a rate of 2% a year. If the firm's stock currently sells for $60 a share, what is the cost of equity

Answers

Answer:

11.588 %

Explanation:

The information available allows us to use the Dividend Growth Model to calculate the cost of equity as :

Cost of equity =  Expected dividend ÷ Price per share + growth rate

therefore,

Cost of equity = ($5.64 x 1.02) / $60 + 2 %

                        = 11.588 %

The term economic tax incidence refers to Question 8 options: whether buyers or sellers of a good are required to send tax payments to the government. whether the demand curve or the supply curve shifts when the tax is imposed. the distribution of the tax burden between buyers and sellers. widespread view that taxes always will be a fact of life.

Answers

Answer:

the distribution of the tax burden between buyers and sellers.

Explanation:

Tax is a compulsory sum levied by the government on goods and services. it increases the price of goods and services

Economic tax incidence refers to who bears the burden of tax which is dependent on the elasticities of demand of the consumer and the elasticities of supply of the supplier

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Elasticity of supply measures the responsiveness of supply to changes in price. Supply can be elastic, inelastic or unit elastic

if demand is elastic and supply is inelastic, the burden of tax would be borne by suppliers.

The party between the supplier and the consumer that has a more elastic demand would bear less tax incidence and the party that has a less elastic demand would bear more tax incidence

The annual demand for a product is 14,400 units. The weekly demand is 277 units with a standard deviation of 80 units. The cost to place an order is $28.00, and the time from ordering to receipt is eight weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places.)

Answers

Answer:

2589.56 units

Explanation:

Given that

Annual Demand = 14400 units

Weekly Demand = 277 units

Standard Deviation = 80 units

Ordering cost = $ 28

Lead Time = 8 weeks

Carrying cost = $ 0.10 / unit

Based on the above information  

a) For a 95 percent service level, the value of z by referring to the Normal Table in Appendix A) is 1.65

The reorder point is computed as follows:

= Weekly Demand × Lead Time + Z × Standard Deviation × √ Lead Time

=277 × 8 + 1.65 × 80 × √8

= 2216+ 373.56

= 2589.56 units

frocks and gowns incorporated has two divisions day wear and night wear the day wear division has an investment base of 880,000 and produces and sells 134,500 units of collars at a market price of 12.20 wants to purchase 27,000 units of collars from the day wear division. what is the minimum transfer price that the day wear division would accept for the 27,000 unit order from the night wear

Answers

Question

Frocks and gowns incorporated has two divisions day wear and night wear the day wear division has an investment base of $880,000 and produces (and sells) 134,,500 units of Collars at a market price of $12.20 per unit. Variable costs total $7.80 per unit, and fixed charges are $3.90 per unit (based on a capacity of 140,000 units). The Night Wear Division wants to purchase 27,000 units of Collars from The Day Wear Division. However, the Night Wear Division is only willing to pay $8.45 per unit.

What is the contribution margin for the Day Wear Division without the transfer to the Night Wear Division?

Answer:

The minimum transfer value = $305,200

Explanation:

The company current has an excess capacity of 140,000-134,500=5,500 units

These available quantities can sold at a minimum transfer price of $7.80.

However, the balance of 21,500 (i.e 27,000 minus 5,500) should be transferred at the market price of $12.20. This is so because there is an opportunity cost attached to units supplied which is the contribution to be earned if sold at the market price.

Hence, The 27,000 units should transferred at the value computed below:

                                                             $

First 5,500= $5,500× $7.80=          42,900

The balance of 21,500 × $12.20=   262,300

The total value                                 305,200

The minimum transfer value = $305,200

Which of the following is an example of an employee benefit for which money is deducted from your paycheck?

Answer: B. Heath insurance

Answers

the answer is b, health insurance

As an example of an employee benefit, health insurance is one that is paid for out of your income. As a result, choice (B) is accurate.

One sort of insurance that covers all or a portion of the risk of a person needing medical care is health insurance, sometimes referred to as medical insurance or medical aid in South Africa.

Risk is divided among several people, much as other forms of insurance. An insurer can create a standard financial framework, such a monthly premium or payroll tax, to raise the funds necessary to pay for the medical benefits outlined in the insurance agreement by evaluating the income entire risk of health risks and health system expenditures across the risk pool.

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The following chart represents the cost of producing different amounts of pizza pies in an hour. Quantity of Output1020405070 Workers (L) 2.253.004.105.506.75 Wage Rate per hour$35.00$35.00 $35.00$35.00$35.00 Calculate the cost of producing 40 pizza pies. Round your answer to the nearest hundredths place.

Answers

Answer:

the cost would be $143.50

Explanation:

The computation of the cost of producing 40 pizza pies is shown below:

Cost = no of workers × wage rate per hour

= 4.10 × $35

= $143.50

We simply  multiplied the number of workers with the wage rate per hour so that the cost of generating 40 pizza pies could come

hence, the cost would be $143.50

The same would be considered

Suppose the risk-free rate of return is 3.5 percent and the market risk premium is
7 percent. Stock U, which has a beta coefficient equal to 0.9, is currently selling
for $28 per share. The company is expected to grow at a 4 percent rate forever,
and the most recent dividend paid to stockholders was $1.75 per share. Is Stock
U correctly priced? Explain.​

Answers

Answer:

kaya nyo po iyan

Explanation:

nice habbsjsxgjshsbvda

If the cost method is used to account for a long-term investment in common stock:____.
a. it is presumed that the investor has significant influence on the investee.
b. the earning of net income by the investee is considered a proper basis for recognition of income by the investor.
c. net income of the investee is not considered earned by the investor until dividends are declared by the investee.
d. the Investment account may be, at times, greater than the acquisition cost.

Answers

Answer:

net income of the investee is not considered earned by the investor until dividends are declared by the investee

Explanation:

Cost method can be regarded as

a method that is utilized when the influence of the investor over the investment that which he owns is just little or no influence , this could be typically described as owning less than 20% of the company. The investment will be recorded in the asset section of the balance sheet at historical cost. When an investment is made by an investing entity and the investment is having following two criteria, then the investment can be accounted for by the investor using the cost method.

Those criteria are;

1) There is no substantial influence by the investor over the investee.

2)There is no easily determinable fair value for the investment.

This cost method is best method when making a passive as well as long-term investment which doesn't result to influence over the company.

It should be noted that If the cost method is used to account for a long-term investment in common stock, then net income of the investee is not considered earned by the investor until dividends are declared by the investee

Can I get help on this job application please ?

Answers

Answer:

The answer is below.

Explanation:

Most likely to do:

"Ask your store Manager if you can hold the markdown price for them so they can get it for the same price when it is back in store."

Doing the above will ensure you retain the customer's trust, and while you didn't direct your customer to a competitor, which is detrimental.

Least Likely to do:

"Offer to provide the address and phone number for the nearest store, and explain that stores get frequent shipments with new items."

Doing the above is detrimental to your store, as you will be sending your customers to a direct competitor.

RKJ Company has provided the following information: 100,000 shares of $5 par value common stock are authorized 64,000 shares have been issued 59,000 shares are outstanding The 64,000 shares of issued common stock were issued for $10 per share. Which of the following statements is correct?

a. Common stock is reported at $630,000 on the balance sheet.
b. Additional paid-in capital is reported at $260,000 on the balance sheet.
c. Common stock is reported at $350,000 on the balance sheet.
d. Treasury stock is reported at $45,000 on the balance sheet.

Answers

Answer:

$320,000

Explanation:

The computation is shown below:

= Issued shares of the common stock × par value per share

= 64,000 shares × $5

= $320,000

This $320,000 should be reported in the equity section of the balance sheet

Hence, this is the answer but the same is not provided in the given options

hence, the same is to be considered and relevant

Rommer Company purchases Daley Inc. for $4,700,000 cash on January 1, 2020. The book value of Daley Company's net assets, as reflected on its December 31, 2019 statement of financial position is $4,000,000. An analysis by Rommer on December 31, 2019 indicates that the fair value of Daley's tangible assets exceeded the book value by $525,000, and the fair value of identifiable intangible assets exceeded book value by $150,000. How much goodwill should be recognized by Rommer Company when recording the purchase of Daley Inc.

Answers

Answer:

$25,000

Explanation:

Calculation to determine How much goodwill should be recognized by Rommer Company when recording the purchase of Daley Inc.

Using this formula

Goodwill=Beginning cash-Ending book value-Fair value tangible assets-Fair value intangible assets

Let plug in the formula

Goodwill=$4,700,000-$4,000,000-$525,000-$150,000

Goodwill=$25,000

Therefore the goodwill that the company should be recognized by Rommer Company when recording the purchase of Daley Inc. $25,000

You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays 7% annual interest. The client wants to deposit an amount that will provide her with $1,005,500 when she retires. Currently, she has $302,200 in the account. How much additional money should she deposit now to provide her with $1,005,500 when she retires?

Answers

Answer:

$283,005

Explanation:

The computation of the additional money that she deposited now is shown below:

As we know that

Future value = P × FV (7%, 8 Years)

Here

Future value = $1,005,500,

P represent the deposited amount

and FV (7%, 8 Years) is the future value (FV) of $1 at 7% for 8 years. Its value is to be determined from future value table.

From the table, the value of FV (7%, 8 years) is 1.7182.

Now

$1,005,500 = P × 1.7182

P = $1005500 × 1.7182

P = $585205

Now

The Additional deposit amount is

= $585,205 - $302,200

= $283,005

Badgersize Company has the following information for its Forming Department for the month of August.

Work in Process Inventory, August 1: 20,000 units
Direct materials: 100% complete $80,000
Conversion: 20% complete 24,000
Balance in work in process, August 1 $104,000
Units started during August 54,000
Units completed and transferred in August 59,000
Work in process (70% complete), August 31 ?

Required:
a. Calculate the equivalent units for the Forming Department for the month of August.
b. Find the cost per equivalent unit of input resource.

Answers

Question Completion:

Costs incurred in August:

Direct materials $154,000

Conversion costs $264,000

Answer:

Badgersize Company

                                          Materials      Conversion

a. Equivalent units              74,000          69,500

b. Cost per equivalent unit $3.162          $4.144

Explanation:

a) Data and Calculations:

                                            Units      Materials      Conversion      Total

Beginning WIP inventory   20,000       100%              20%

Units started  August        54,000

Total units available          74,000

Transferred out                 59,000

Ending WIP inventory        15,000       100%                70%

Cost of beginning WIP                     $80,000          $24,000       $104,000

Costs incurred in August                 154,000          264,000          418,000

Total production costs                  $234,000        $288,000      $522,000

Equivalent unit             Units      Materials      Conversion

Units transferred out  59,000     59,000          59,000

Ending WIP inventory  15,000      15,000           10,500

Equivalent units                            74,000          69,500

Cost per equivalent unit

Total production costs           $234,000      $288,000

Equivalent units                          74,000          69,500

Cost per equivalent unit         $3.162              $4.144

2. PC Calculators sell calculators that it purchases for $15 each. It costs PC $60 each time calculators are ordered, and carrying costs are 20% of the calculator's purchase price. Annual demand is 100,000 calculators. (a) Compute the EOQ. (b) Compute the inventory costs if PC orders are at (i) the EOQ amount, (ii) 1000 calculators, (iii) 2500 calculators.

Answers

Answer: See explanation

Explanation:

The following can be deduced from the question:

Purchase price = $15,

Ordering cost = $60

Carrying cost = 20 % × $15 = $3

(a) The EOQ (economic order quantity) goes thus:

= ✓(2 × Annual demand × ordering cost / carrying cost )

= ✓(2 × 100000 × 60 / 3)

= ✓(12000000 / 3)

= ✓(4000000)

EOQ = 2000 calculators

b. The inventory cost when PC orders are at the EOQ amount goes thus:

Note that:

Inventory cost = Cost of purchase + Ordering cost + Carrying cost

Cost of purchase = $2000 × $15 = $30000

Ordering cost = 100000 / 2000 × 60 = $3000

Carrying cost = 20% × purchase price = 20% × $30000 = $6000

Then, the total cost will be:

= $30000 + $3000 + $6000

= $39000

b. Inventory cost at 1000 calculators will be:

Purchase cost = $1000 × $15 = $15000

Ordering Cost = Annual demand / Ordering quantity × cost of placing the order

= 100000 / 1000 × 60

= $6000

Carrying cost = 20% × $15000 = $3000

Then, the total inventory cost will be:

= $15000 + $6000 + $3000

= $24000

(iii) Inventory cost at 2500 calculators will be:

Purchase cost = 2500 × purchase price = $2500 × $15

= $37500

Ordering Cost of order = 100000 / 2500 × 60

= $2400

Carrying cost = 20% × $37500 = $7500

Total inventory cost:

= $37500 + $2400 + $7500

= $47400

Calculate the future value of the following annuity streams: a. $8,000 received each year for 6 years on the last day of each year if your investments pay 7 percent compounded annually. b. $8,000 received each quarter for 6 years on the last day of each quarter if your investments pay 7 percent compounded quarterly. c. $8,000 received each year for 6 years on the first day of each year if your investments pay 7 percent compounded annually. d. $8,000 received each quarter for 6 years on the first day of each quarter if your investments pay 7 percent compounded quarterly.

Answers

Answer:

We will derive the amount of Future values with the aid of financial calculator:

a. Future value = FV (Pv, -Pmt, N, I)

Future value = FV (0, -8000, 6, 7%)

Future value = $57,226.33

b. Future value = FV (Pv, -Pmt, N, I)

Future value = FV (0, -8000, 6*4, 7%/4)

Future value = FV (0, -8000, 24, 1.75%)

Future value = $236,088.13

c. For this case, we need to put the financial calculator at BEGIN mode

Future value = FV (Pv, -Pmt, N, I)

Future value = FV (0, -8000, 6, 7%)

Future value = $61,232.17

d. For this case, we need to put the financial calculator at BEGIN mode

Future value = FV (0, -8000, 6*4, 7%/4)

Future value = FV (0, -8000, 24, 1.75%)

Future value = $240,219.67

Imagine that two goods are available to you: servants (X) and robots (Y). You like servants three times as much as robots. If your domestic help budget is $4,000 per month, the price (wage) of servants is $1500 per person per month, and the price (rent) of robots is $400 per unit per month, what is the value of the MktRS (market rate of substitution)

Answers

Answer: 3

Explanation:

The marginal rate of substitution simply means the rate at which one good will be exchanged for another good based on the current market price.

Since you like servants three times as much as robots, this implies that the utility that one gets from one servant is exactly like the utility that will be gotten from three robots.

Therefore, the utility function will be:

U = 3X + Y

Then, the marginal rate of substitution will be:

= MUX/MUY

= 3

which skill is most important for a successful entrepreneur?

Answer: Tenacity

Answers

Answer:

Tenacity

Explanation:

Tenacity is a skill that is most important for a successful entrepreneur.

Tenacity skill is most important for a successful entrepreneur. The entrepreneur's main motive is to set up a business to generate employment.

The term “entrepreneur” refers to the person who launches a new business at their own risk and profit basis. The starting up of a new business with a new idea and logic is called entrepreneurship.

A vital quality of any successful person, and essentially the entire philosophy of great businesses, is tenacity. The tenacious mindset emphasizes persistence and work ethic above all else.

A successful entrepreneur needs to be able to sell, communicate, concentrate, learn, and strategize well. A fundamental entrepreneurial talent as well as a highly important life skill is the capacity for lifelong learning.

As a result, the significance of the most important for a successful entrepreneur are the aforementioned.

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Which of the following helps make the management process efficient?

Answers

Answer:

Explanation:

Efficient processes require constant monitoring and optimization to observe an increase. As the famous management consultant Peter Drucker said, “If you can't measure it, you can't manage it”. Any process you have should be measurable to take action and improve process efficiency.

Hannish Orchards, a juice manufacturer, uses a process that adds all the raw materials at the beginning of the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. During the period the company started making 10,000 gallons. There were 2,000 gallons left in ending WIP that were 40% of the way through the process. Costs incurred during the period were: $ 16,000 Raw materials $ 5,500 Conversion costs The cost assigned to ending work in process would be closest to: A) $3,700 B) $4,300 C) $1,720 D) $1,780

Answers

Answer:

a. $3,700

Explanation:

Unit completed = 10000 - 2000 = 8000

Equivalent unit of material = 10000

Equivalent unit of conversion = 8000 + (2000*40%)

Equivalent unit of conversion = 8800

Cost per equivalent unit of material = $16000/10000

Cost per equivalent unit of material = $1.6

Cost per equivalent unit of conversion = $5500/8800

Cost per equivalent unit of conversion = $0.625

Cost of ending WIP = Equivalent unit of material*Unit cost+Equivalent unit of conversion*Unit cost

Cost of ending WIP = 2000*$1.6 + (2000*40%)*$0.625

Cost of ending WIP = $3200 + $500

Cost of ending WIP = $3,700

On January 1, 2020, Indian river groves began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
Jan 1, 2020. $600,000
Sept 1, 2020. $1800,000
Dec 31, 2020 $1800,000
March 31,2021. $1800,000
Aug 31, 2021. $1200,000

Indian river groves borrowed $800,000 at 10% interest rate from a bank on Jan 1, 2020 specifically to finance this construction. In addition, it as has two other debt outstanding throughout the entire construction. A) $1500,000, 8%, 10 years bonds payable and B) $3,200,000, 10%, 5 years note payable. Fiscal year-end is Dec 31.

Instruction:

A. What are the weighted-average accumulated expenditures for 2020 and 2021, respectively?
B. How much interest should be capitalized in 2020? Show your calculation.

Answers

It would be march20th since the ones are completed and the other ones are

Saginaw Steel Corporation has a precredit U.S. tax of $110,000 on $505,000 of taxable income. Saginaw has $205,000 of foreign source taxable income and paid $65,000 of income taxes to the German government on this income. All of the foreign source income is treated as foreign branch income for foreign tax credit purposes. Saginaw's foreign tax credit on its tax return will be: (Do not round intermediate calculations. Round your answer to nearest whole dollar amount.)

Answers

Answer: $44654

Explanation:

Based on the information given, the foreign tax credit will be allowed to the amount of the tax that is paid to foreign government which is $65000 which is then subject to the US tax limit that is applicable on that particular income which will be:

= 205000 × 110000/505000

= 44654

Therefore, the tax credit will be the one that's lesser between $65000 and $44654. Therefore the answer will be $44654.

Exercise 12-1 Payback Method [LO12-1] The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $ 15,000 $ 1,000 2 $ 8,000 $ 2,000 3 $ 2,500 4 $ 4,000 5 $ 5,000 6 $ 6,000 7 $ 5,000 8 $ 4,000 9 $ 3,000 10 $ 2,000 Required: 1. Determine the payback period of the investment. 2. Would the payback period be affected if the cash inflow in

Answers

Question Completion:

Requirement #2 would the payback period be affected if the cash inflow in the last year were several times as large

Answer:

Unter Corporation

1. Payback period of the investment is:

= 7 years.

2. No. The payback period would not be affected if the cash inflow in the last year were several times as large.  The payback period was reached in the 7th year, which is three years before the last year. No cash inflows after the 7th year will have any impact on the payback period.

Explanation:

a) Data and Calculations:

Cash flows:

Year  Investment  Cash Inflow

1       $ 15,000           $ 1,000

2       $ 8,000          $ 2,000

3                              $ 2,500    

4                              $ 4,000

5                              $ 5,000

6                              $ 6,000

7                              $ 5,000   $25,500

8                              $ 4,000

9                              $ 3,000

10                            $ 2,000

Total  $23,000     $34,500

Boxer Industries worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $75,000 and total manufacturing costs of $93,500. If Boxer applies overhead at 150% of direct labor cost, the overhead applied to job no. 403 must have been:____.
A. $0.
B. $6,000.
C. $4,000.
D. $3,333.
E. $5,000.

Answers

Answer:

Its c

Explanation:

, determining whether an organization has fulfilled a certain objective is most closely associated with which of the following management functions

Answers

Explanation:

Beureacracy functions

In this type of functions there is institutions that governs what each one does and also the laws and orders are followed to maintain a higher productivity

A permanent reduction in inflation would a. permanently reduce the frequency of price changes and permanently lower unemployment. b. permanently reduce the frequency of price changes and temporarily raise unemployment. c. temporarily reduce the frequency of price changes and temporarily lower unemployment. d. temporarily reduce the frequency of price changes and temporarily raise unemployment.

Answers

Answer:

b. permanently reduce the frequency of price changes and temporarily raise unemployment.

Explanation:

In the field of economics, the term 'inflation' may be defined as the rise in the price of an economy for a period of time. When the price level rises or increases, fewer goods can be purchased by each unit of currency. The price of the products increases in the market.

It also affects in the rate of unemployment. But when the inflation is reduce it can temporarily rise the rate of unemployment but it permanently reduces the frequency of the price changes in the economy.

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