Answers
Answer:
bachelors degree
Explanation:
Answer:
C. bachelor’s degree
Explanation:
The other person is right!
Related Questions
Violet Sales Corp, reports the year-end information from 2020 as follows: Sales (35,000 units) $280,000 Cost of goods sold (105,000) Gross margin $175,000 Operating expenses (155,000) Operating income $20,000 Violet is developing the 2020 budget. In 2020 the company would like to increase selling prices by 5.5%, and as a result expects a decrease in sales volume of 15%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 2020
Answers
Answer:
COGS= $89,250
Explanation:
Giving the following information:
First, we need to calculate the unitary cost of goods sold:
Unitary COGS= 105,000 / 35,000= $3
Now, the new number of units sold:
Units sold= 35,000*0.85= 29,750
Finally, the COGS for 2020:
COGS= 29,750*3
COGS= $89,250
This is weird what is ya favorite anime character
Answers
Answer:
naruto
Explanation:
He is my favourite anime character.........
Four years ago, the cable television company in your area increased its price by 16 percent. As a result, its total revenue increased. Last year, a new company started providing television service using satellite dishes. This year the cable company increased its price by 16 percent, but total revenue fell. This is likely the result of which of the following?
A. Demand facing an individual store is generally more elastic than demand facing the entire industry.
B. Four years ago, demand for television service was inelastic due to a lack of available substitutes.
C. This year, demand for television service is elastic due to the presence of an available substitute.
D. All of the above are correct.
Answers
Answer:
B. Four years ago, demand for television service was inelastic due to a lack of available substitutes.
Explanation:
Inelastic demand is a demand where the demand is not impacted when the price of the goods is rise or not also the reasons is of lacking of subsitutes
In the case when the company rise the price for the second time by 16% so there is an alternative available to the customers and the customers move to the other company so here the revenue of the company would be fallen
hence, the option b is correct
Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation system product A has been assigned overhead of 21.70 per unit while product B has been assigned 10.44 per unit. Management feels that an ABC system will provide a more accurate allocation of the overhead costs and has collected the following cost pool and cost driver information.
Cost Pools Activity Costs Cost Driver Driver Consumption
Machine Setup 340,000 Setup Hours 5,000
Materials Handling 100,000 Pounds of materials 20,000
Electric Power 24,000 Kilowatt Hours 24,000
The following cost information pertains to the production of A and B, just two of its many products.
A B
Number of units produced 5,000 10,000
Direct Materials Cost 36,000 30,000
Direct Labor Costs 27,000 34,000
Number of Setup Hours 100 100
Pounds of Materials 2,000 1,000
Kilowatt Hours 2,000 2,000
Use Activity based costing to determine a unit cost for each product. (Round your final answers to 2 decimal places.)
Answers
Which statements about Section 1231 assets are true? Pick all that apply!!
Question options:
If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss
If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a long term capital gain that is taxed at favorable capital gains rates
If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur because of recapture provisions.
If Section 1231 assets are sold and the taxpayer has a realized loss, the is limited like a capital loss
Answers
Answer:
The answer is below
Explanation:
Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.
Hence, in this case, the correct answer or statement to the question are:
1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss
2. If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur
1. In the problem solving process, which step comes before Take Action?
O A. Define the Problem
O B. Come up with Solutions
O C. Finish your shift
O D. Choose a Solution
Answers
Creating potential solutions Investigating the Solutions. Making the finest Solution choice (s). Considering the upcoming course of action (Next Steps) Hence option B is correct.
What are solving process ?To deal with the numerous difficulties encountered at work, problem solving models are used. While many people frequently find solutions to difficulties, there are other methods that can be employed.
A shared, collaborative, and systematic approach to problem solving typically results in the quicker resolution of complex difficulties for teams, working groups, and boards, among other groups.
In the first step, the issue's context, history, and symptoms are diagnosed. After the group has a firm understanding of the issue, they look into the more widespread symptoms to learn what the issue means, who it impacts, and how critical/urgent it is.Its purpose is to treat the symptoms.
The goal of analytical, creative issue solving is to come up with multiple answers rather than just one. The most obvious solution to an issue is frequently not the best one.
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Henderson Company manufactures electronics. The Calculator Division (an investment center) manufactures handheld calculators. The division can purchase the batteries used in the calculators from the Battery Division (another investment center) or from an outside vendor. The cost to purchase batteries from the outside vendor is $5. The transfer price to purchase from the Battery Division is $6. The Battery Division also sells to outside customers. The sales price is $6, and the variable cost is $3. The Battery Division has excess capacity.
Requird
a. Should the Calculator Division purchase from the Battery Division or the outside vendor?
b. If Henderson Company allows division managers to negotiate transfer prices, what is the maximum transfer price the manager of the Caiculator Division should consider?
Answers
Answer:
a
Explanation:
The a) Calculator Division should consider choosing the outside vendor rather than the battery division because it costs lower to acquire, and currently transfer price is not appropriate to use. b) On the basis of our computation and situation, the market price from the outside vendor will be used, which is worth $5.
What is the calculation?In this short exercise, we are expected to answer four requirements under the Henderson Company - a manufacturer of electronics. This will be focusing on the subject of Transfer prices.
First, let us understand what is a transfer price. As such, this is the price or value of a single unit of material that is traded between divisions within the same company.
Whenever a division requires materials for its operations, it can transact with other divisions to obtain the items at a lower price than the market price. Within the contribution margin of the goods, the price might be negotiated.
Furthermore, if the division is operating at capacity, it signifies that they are producing at their maximum capacity. This causes internal management disagreements regarding whether it is better to sell to customers or to employees. As a result, the minimum transfer price is typically larger than or equal to the selling price of the products. To start, we are to identify the formula for the contribution margin for the basis of the transfer price. Sales price per unit, less: variable cost, contribution margin per unit.
From the problem, the amounts are listed below:
Market Price (outside vendor) $5
Transfer Price (Battery Division) $6
Sales price $6
Variable Cost $3
To find our negotiable range for transfer price, we will compute the contribution margin of the battery division. Sales price per unit, less: variable cost, contribution margin per unit. This means that within the $3 difference the transfer price can be negotiated. In this requirement, we are asked where should the Calculator Division purchase the batteries they need for the calculators. From the problem, we had learned that the market price worth $5 is lower than the selling price of the battery division which amounts to $6. In conclusion, the Calculator Division should consider choosing the outside vendor rather than the battery division because it costs lower to acquire, and currently transfer price is not appropriate to use.
The second requirement is identifying the maximum transfer price the Calculator Division needs to consider. On the basis of our computation and situation, the market price from the outside vendor will be used, which is worth $5.
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Colquhoun International purchases a warehouse for $311,000. The best estimate of the salvage value at the time of purchase was $16,000, and it is expected to be used for twenty-five years. Colquhoun uses the straight-line depreciation method for all warehouse buildings. After four years of recording depreciation, Colquhoun determines that the warehouse will be useful for only another fifteen years.
Required:
a. Calculate annual depreciation expense for the first four years.
b. Determine the depreciation expense for the final fifteen years of the asset’s life.
Answers
Answer:
a. $11,800
b. $16,520
Explanation:
Depreciation expense using straight line method is calculeted as :
Deprecation expense = (Cost - Salvage Value) ÷ Estimated useful life
therefore,
Annual depreciation expense for the first four years.
Deprecation expense = ($311,000 - $16,000) ÷ 25 = $11,800
The depreciation expense for the final fifteen years of the asset’s life.
Depreciable Amount = Cost - Salvage Value - Accumulated depreciation
= $311,000 - $16,000 - ($11,800 x 4)
= $247,800
Deprecation expense = $247,800 ÷ 15 = $16,520
Computing Depreciation and Accounting for a Change of Estimate Lambert Company acquired machinery costing $110,000 on January 2, 2019. At that time, Lambert estimated that the useful life of the equipment was 6 years and that the residual value would be $15,000 at the end of its useful life. Compute depreciation expense for this asset for 2019, 2020, and 2021 using the: a. straight-line method. Round to the nearest dollar. 2019 Answer 2020 Answer 2021 Answer b. double-declining-balance method. Round to the nearest dollar. 2019 Answer 2020 Answer 2021 Answer c. Assume that on January 2, 2021, Lambert revised its estimate of the useful life to 7 years and changed its estimate of the residual value to $10,000. What would be the new depreciation expense in 2021 for each of the above depreciation methods
Answers
Answer: please see answers in explanation column
Explanation:
a) Under straight-line method,
Depreciation expense =(Cost - residual value) ÷ No of years =
= ($110,000 - $15,000) ÷ 6 years = $15,833 which refers to the yearly depreciation expense.
Therefore, the yearly depreciation expense of $15,833 will be applied to the Years 2019, 2020 and 2021.
Total depreciation for all the three years equals
$15,833 x 3 years = $47,499.
(b) The double-declining method
which is 2 x Straight - Line Depreciation Percentage x Book value
Straight - Line Depreciation Percentage
100% ÷ 6 years = 16.67%,
Therefore, Year 2019= 2 x 16.67% x $110,000 = $36,663
Year 2020=2 x 16.67% x $73,337 ($110,000 - $36,663) = $24,443
Year 2021=2 x 16.67% x $48,894 ($73,337 - $24,443) = $16,296
The total of the three years ie 2019 to 2021 =$77,402
(c) Given that in 2021 which is after 2 years, the revised estimated useful life becomes 7 years and the residual value is $10,000
Depreciation Using the straight-line method becomes
Depreciation expense =(Cost - residual value) ÷ No of years
But Net Book Value, which is the cost at the end of 2019
$110,000 - $15,833 x 2 years = $78,334
Therefore, Depreciation expense= ($78,334 - $10,000) ÷ 7 years = $9,762
Also,
Using double-declining method,
Straight - Line Depreciation Percentage = 100% ÷ 7 years = 14.29%,
Year 2021,
2 x 14.29% x $48,894 ($73,337 - $24,443) = $13,969
All of the following are examples of current account transactions EXCEPT: Elimination Tool Select one answer A The United States purchases 200 tons of Canadian bacon. B Argentina purchases 10,000 French berets. C Mexico purchases 500 Spanish matador outfits. D Germany pays 1 million euro for the services of Swiss accountants. E China purchases $10 billion of United States government securities.
Answers
Answer:
E
Explanation:
the current account of a country measures the value of the trade balance, transfers and the net income
the component of the current account includes
trade balance - it measures the value of the import and export of goods and services of a country.
net income - measures the value of the income received by a country's residents less the income paid to foreigners
transfers - it includes income sent home by a country's citizens working outside the country
Asset income - measures changes in the asset income
this transaction - China purchases $10 billion of United States government securities - would be included in the capital account
Question 5725
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Michael Arthur deposited $2,500 in a new regular savings account that earns 5% Interest compounded semiannually. He made no other deposits or withdrawals.
a) What was the amount in the account at the end of 1 year?
b) What is the compound Interest?
Answers
Answer:
The amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.
Explanation:
Given that Michael Arthur deposited $ 2,500 in a new regular savings account that earns 5% interest compounded semiannually, and has made no other deposits or withdrawals, to determine what was the amount in the account at the end of 1 year and what is the compound interest the following calculations must be performed:
2,500 x (1 + 0.05 / 2) ^ 1x2 = X
2,500 x 1,025 ^ 2 = X
2,500 x 1.050625 = X
2,626.56 = X
2626.56 - 2500 = 126.56
Therefore, the amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.
Laura is an investor and a limited partner in a limited partnership. Two years after she becomes a limited partner, Laura thinks that the general partners are not doing a very good job managing the affairs of the limited partnership and participates in the management of the limited partnership. While she is participating in management, a bank loans $1 million to the limited partnership, believing that Laura is a general partner. If the limited partnership defaults on the $1 million loan, which of the following holds well?
A. Laura has unlimited personal liability as a limited partner.
B. Laura is personally liable as the bank, in good faith, thought she is a general partner.
C. Laura's liability is restricted to the value of her capital investment in the partnership.
D. Laura is not personally liable as she is a limited partner on paper.
Answers
Answer
Option B. Laura is personally liable as the bank, in good faith, thought she is a general partner
Explanation:
Limited Partnership (LP)
This is Business entity that exists in line with state statutes that gives limited liability to some of its members who called limited partners.
RULPA
This is simply called Revised Uniform Limited Partnership Act. It is the model for Limited Partnership legislation in most states.
Limited Partner
This is a part or member of a limited partnership.it is that individual who is not involved in controlling the business and whose liability is limited to amount invested in the business.
General Partner
It is simply a member in a limited (or general) partnership who controls the business and has unlimited personal liability.
In the above scenario, Laura will be taken as a general partner and will be held personally accountable or liable for the loan, and also along with the general partners of the limited partnership.The rule of RULPA gives the right for a limited partner to be involved in the management of the partnership’s affairs and not losing the limited liability if the limited partner has been formally employed by the partnership to be an executive of the partnership.
Companies may use a special bank account solely for the purpose of paying employees, by depositing an amount equal to the total employees' net pay into the account each pay period and drawing the employees' payroll checks on the account. This account is a(n):_________
a) Payroll bank account.
b) Federal depository bank account.
c) Payroll register account.
d) Employee's Individual Earnings account.
e) Employees' bank account.
Answers
Answer:
A) Payroll bank account.
Explanation:
A payroll account can be regarded as
separate bank account that is been set up strictly for payroll. To avoid lumping all the expenses of the business in an account, the employee wages will be paid using the payroll bank account.
net wages of the employee will only be deposited in this account.It should be noted that Companies may use a special bank account solely for the purpose of paying employees, by depositing an amount equal to the total employees' net pay into the account each pay period and drawing the employees' payroll checks on the Payroll bank account.
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Answer:
number 3 lang ung X 1 2 4 5 heart na
[tex]\huge{\mathbb{\tt { ANSWER↓}}}[/tex]
[tex]\color{red}{\tt { HEART} \: \: }\color{black}{\tt{Lumahok \: sa \: panuntunan \: sa \: kalinisan.}}[/tex]
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[tex]\color{green}{\tt { WRONG} \: \: }\color{black}{\tt{Huwag \: Pansinin \: ang \: ordinansa \: o \: batas \: tungkol \: sa \: kalinisan.}}[/tex]
[tex]\color{red}{\tt { HEART} \: \: }\color{black}{\tt{Sundin \: ang \: batas \: sa \: pag-iwas \: o \: pagpigil \: sa \: polusyon.}}[/tex]
[tex]\color{red}{\tt { HEART} \: \: }\color{black}{\tt{Panatilihin \: ang \: kalinisan \: sa \: kapaligiran.}} \: [/tex]
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→XxKim02xXThe number of years n required for an investment at interest rate r to double in value must satisfy (1 + r)n = 2. Using ln 2 = .69 and the approximation ln(1 + r) ≈ r valid for small r, show that n ≈ 69/i, where i is the interest rate percentage (that is, i = 100r). Using the better approximation ln(1+r) ≈ r − 1 2 r2, show that for r ≈ .08 there holds n ≈ 72/i.
Answers
Answer:
Showing n=69/i :
n*r=0.69
where r=i/100
n*(i/100)=0.69
Solving the above Equation:
n=69/i (Proved)
Showing n=72/i :
[tex]n*(0.08-\frac{1}{2}(0.08)^2)=0.69\\n* 0.0768=0.69\\n=8.98[/tex]
Above we calculated n=8.98 ≈ 9 (Proved n=72/i)
Explanation:
Given:
[tex](1+r)^n=2[/tex]
ln(2)=0.69
i=100*r means r=i/100
Solution:
Showing n=69/i :
[tex](1+r)^n=2[/tex]
Taking ln on both sides:
[tex]ln(1+r)^n=ln (2)\\n*ln(1+r)=0.69[/tex]
From given data ln(1+r) ≈ r
Above Equation will become:
n*r=0.69
where r=i/100
n*(i/100)=0.69
Solving the above Equation:
n=69/i (Proved)
Showing n=72/i :
As we know i=100*r
when r=0.08,
i=100*0.08=8
[tex]n=72/i =72/8 =9[/tex]
Now:
[tex](1+r)^n=2[/tex]
Taking ln on both sides:
[tex]ln(1+r)^n=ln (2)\\n*ln(1+r)=0.69[/tex]
From given data ln(1+r)≈[tex]r-\frac{1}{2} r^2[/tex]
Above Equation will become:
[tex]n*r-\frac{1}{2} r^2=0.69[/tex]
where r=0.08, Now:
[tex]n*(0.08-\frac{1}{2}(0.08)^2)=0.69\\n* 0.0768=0.69\\n=8.98[/tex]
Above we calculated n=8.98 ≈ 9 (Proved n=72/i)
Assume that the labor market for retail workers is generally unskilled. If a minimum wage is set in the labor market for retail workers and that this minimum wage is above the equilibrium wage in this particular labor market, then __________ . Select the correct answer below: there will be a shortage of retail workers in this labor market there will be a surplus of retail workers in this labor market. there will be a non-binding price floor there will be a non-effective minimum wage
Answers
Answer:
there will be a surplus of retail workers in this labor market.
Explanation:
In the attached diagram the scenario is illustrated.
When the minimum wage is above the equilibrium wage it means that the minimum wage is above what employees are willing to pay workers. So employees will be less wiling to pay this amount.
There will be a reduction in the number of available slots for workers.
On the other hand workers will receive higher wage than they expected but since the slots for work are now limited there will be a surplus of labour in the market
Firm ML, a non-corporate taxpayer, exchanged residential rental property plus $15,000 cash for 20 acres of investment land with a $200,000 FMV. ML used the straight-line method to compute depreciation on the rental property.
a. Assuming that ML's exchange was negotiated at arm's length, what is the FMV of the rental property?
b. If the adjusted basis of the rental property is $158,000, compute ML's realized and recognized gain. What is the character of the recognized gain?
c. Compute ML's basis in the 20 acres of investment land.
Answers
Answer:
A) $215,000
B) realized gain = $57,000
recognized gain = $15,000
C) $158,000
Explanation:
cash exchanged with the rental property ( boot ) = $15,00
A) Assuming ML's exchange is done at arm's length
FMV of property = $200,000 + $15,000 = $215,000
B) Taking adjusted basis of rental property = $158,000
ML's realized gain = FMV of property at arm's length - adjusted basis
= $215000 - $158000 = $57,000
ML's recognized gain = $15,000
The character of the recognized gain is that it will be lower of the boot amount or realized gain and this is because no gain or loss is registered/recognized in the transaction ( exchange ) except with the boot received
C) Determine ML's basis in the 20 acres of investment land
= $158,000
Uses of logical circuit
Answers
Answer:
Logic circuits exist to carry out a set of logic actions such as are used for controls for washing machines, tape-recorder drives, computer disk drives, security systems, and a host of industrial control actions. Simple arithmetic actions can also be carried out using logic circuits.
A purpose of the Core Inflation Index is _______________. Select the correct answer below: to help consumers understand the overall cost of living from month to month to be a gauge from which to make important government policy changes to help companies make decisions about production and hiring to help people determine global trends in the oil market
Answers
Answer:
to be a gauge from which to make important government policy changes.
Explanation:
Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.
Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.
Furthermore, when this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation.
Core Inflation Index can be defined as a measure of the change in the price (cost) of goods and services over a specific period of time but excluding the products or items from the energy and food sector. The energy products and food items are excluded because they're transitory i.e having temporary price volatility and as such making their prices change easily.
In Economics, some of the common ways to measure the rate of inflation in a country is through the consumer price index (CPI), gross domestic product deflator (GDP Deflator), personal consumption expenditures price index (PCEPI), employment cost index (ECI), producer price index (PPI), etc.
Hence, a purpose of the Core Inflation Index is to be a gauge from which to make important government policy changes that would have a significant effect or impact on the lives of the citizens of the country.
CII measures the change in the price of goods and services minus the price change of food and energy. It is a tool to make important government policies.
What is Core Inflation Index?CII is the difference between the change in the price of goods and services and with change in the price of food and energy. The food and energy factor is excluded because they are very volatile in nature.
The purpose of CII is to be a gauge from which to make important government policy changes.
Therefore, it can be said the above option aptly describes the purpose of CII.
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A worker may prefer to be treated as an independent contractor (rather than an employee) for which of the following reasons:____________
a. Work-related expenses of an independent contractor are deductible for AGI.
b. All of the self-employment tax is deductible for income tax purposes.
c. A Schedule C does not have to be filed.
d. Avoids the overall limitation (50%) as to business meals.
e. None of these choices are correct.
Answers
Answer: a. Work-related expenses of an independent contractor are deductible for AGI.
Explanation:
Independent Contractors are allowed to deduct the expenses they incur while contracting, from the AGI (Annual Gross Income).
This therefore reduces the taxes that the contractors have to pay unlike with employees who will have to pay income tax and cannot deduct much from work.
Question 6 of 10
What is an advertising allowance?
O A. A temporary discount intended to encourage shoppers to buy
immediately
OB. A price reduction that a seller offers buyers if they transfer
ownership of a used item when they make a purchase
C. A price reduction that a producer gives to resellers to encourage
them to promote products
OD. A price reduction that a producer gives retailers in exchange for
making shelf space available
SUBMIT
Answers
Answer:
C. A price reduction that a producer gives to resellers to encourage
them to promote products
Explanation:
bcuz that's what advertising allowance is
I would like you to analyze our current pricing scheme on our Chevy Tahoe in the Southwest region and give me a recommendation on how we can maximize our revenue. I am interested in maximizing our revenue in order to be able to finance the upgrading of our dealership intranet. Our sales department has estimated the following semiannual demand Q = 25,000 - 1.25PTAH + 1.5PSEQ. Notice that we have included the impact that the Toyota Sequoia has on our Tahoe demand as it currently is our principal rival in the geographic region. We are currently charging $42,500 for our base Tahoe and we notice that Toyota is currently charging $50,000 for its base Sequoia. Let me know what price you would recommend to maximize our revenue as I am hoping there is room to bring our price point more in line with the Sequoia.
Answers
list of purpose & uses of assets
Answers
Answer:
Explanation:
Assets may be used to store wealth, create income, and reduce future expenses.
Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent.
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Bald Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual report: Minimum operating Amount lease payments (in millions) 2018 $71 2019 46 2020 34 2021 26 2022 20 Total $197 What is the present value of these operating lease payments, assuming a 6% discount rate
Answers
Answer:
The present value of these operating lease payments is $172.01 million.
Explanation:
Note: See the attached excel file for the calculation of the net present value (NPV) (in bold red color) of these operating lease payments.
In the attached excel file, the discounting factor for each year is calculated as follows:
Discounting factor = 1 / (100% + Discount rate)^Number of the year
From the attached excel file, we have:
NPV = Net present value = $172.01 million.
Define the term "compilation engagements" and distinguish between reasonable assurance
engagements and limited assurance engagements.
(8 marks)
Answers
Answer: See explanation
Explanation:
A compilation engagement refers to a form of engagement whereby there's an engagement of an outside accountant by a company for the preparation and the presentation of its financial statements.
In a reasonable assurance engagement, the level of assurance is high. Here, there is the likelihood that the prevention or detection of the material misstatements will not be timely.
The limited assurance engagement refers to the assurance engagement risk being reduced to an acceptable level, but where the risk is still more than the reasonable assurance engagement. Here, less evidence is being collected unlike the reasonable assurance engagement.
.
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 20 million, $5.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $16 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split
Answers
Answer:
a. No journal entry is required.
b. Par per share after the split = $2.50
Explanation:
a. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend.
No journal entry is required for this because the total value of the shares has not changed due to 2-for-1 stock split.
This is because the 2-for-1 stock split has only increased the number of shares outstanding by 2, but at the same time reduces the par value of the share by half making the total value of the shares to remain the same.
b. What is the par per share after the split.
As explained in a above, the effect of 2-for-1 stock split is to reduce the par value of the share by half.
Therefore, the par per share after the split can be calculated as follows:
Par per share after the split = Par per share before the split / 2 = $5 / 2 = $2.50
Miscellaneous costs associated with the purchase of new equipment? include:
Insurance costs before the equipment is ready for use $3,000
Maintenance costs before the equipment is ready for use 700
Insurance costs after the equipment is placed into service 1,400
Cost of trial run 800
Training costs for employees to learn how to use equipment 400
What is the amount assigned to the new? equipment?
A. $4,200.
B. $4,500.
C. $4,900.
D. $6,300.
Answers
Answer:
C. $4,900.
Explanation:
Determining the amount assigned to the new equipment
Details Amount
Insurance costs before the equipment is ready for use $3,000
Add: Maintenance costs before the equipment is ready for use $700
Add: Cost of trial run $800
Add: Training costs for employees to learn how to use equipment $400
Total costs assigned to the new equipment $4,900
So, the correct options is option c.
no trespassing signs are an example of owners enforcing their right to
Control property
hi or enjoy property
or own property
or exclude people from your property
or exchange property
Answers
Answer:
I guess the ans is their right to exclude people from your property.
reasons as to why we carry out stovk taking
Answers
Answer:
The importance of stocktaking is clear. It allows you to regularly monitor and increase gross profit, reduce loss, improve control of allowances, and reduce waste
Explanation:
Answer:
The importance of stocktaking is clear. It allows you to regularly monitor and increase gross profit, reduce loss, improve control of allowances, and reduce waste.
Explanation:
Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 715,000 shares of stock outstanding. Under Plan II, there would be 465,000 shares of stock outstanding and $6.75 million in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes.
a. Assume that EBIT is $1.6 million. Compute the EPS for both Plan I and Plan II. (Do not round intermediate calculations and round your answers to 2 decimal places, 32.16.)
EPS
Plan I $
Plan II $
b. Assume that EBIT is $3.1 million. Compute the EPS for both Plan I and Plan II. (Do not round intermediate calculations and round your answers to 2 decimal places, 32.16.)
EPS
Plan I $
Plan II $
c. What is the break-even EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)
Break-even EBIT $
Answers
Answer and Explanation:
The computation is shown below
As we know that
1. EPS = ( Net income - dividends ) ÷ Average number of share
A.
For Plan 1
Number of share = 715,000
EPS = 1600000 ÷ 715000
= 2.23
For Plan 2
Net income = EBIT = $1.6 million = $1,600,000
Interest = 0.07*6,750,000 = 472,500
EBT = 1,127,500
Tax = 0
Net Income = 1,127,500
Numberof share = 465,000
So,
EPS = $1,127,500 ÷ 465000
= 2.42
B.
For Plan 1
EPS = 3100000 ÷ 715000
= 4.33
For Plan 2
When EBIT = 3,100,000
Interest = 0.07 × 6,750,000 = $472,500
Net Income = 2,627,500
So,
EPS = $2,627,500 ÷ 465000
= 5.65
C.
Plan 1 EBIT = Plan 2 EBIT
EBIT ÷ 715000 = (EBIT - 0.07 × $6,750,000) ÷ 465000
EBIT = 1,351,350 or $1.35 million