Answer:
$308,000
Explanation:
On this note, only the Interest expense is recorded under cash flow from operations section of the cash flow statement.
Thus we need to determine the interest expense first :
Interest expense = $308,000 ($4.4 million x 7%)
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:
Year Straight-Line Declining Balance Difference
2018 $400 $853 $453
2019 400 569 169
2021 400 379 (21)
$1,200 $1,801 $601
Required:
Prepare any 2018 journal entry related to the change?
Answer:
A change in the depreciation method is not a change of accounting policies. Therefore, this change will not require any retrospective journal entry for 2018. Changes in depreciation methods are prospective, meaning that they affect future values, not past values. This is considered a change in an accounting estimate.
Explanation:
. Confusion Corp is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. Analysts expect the price of Confusion Corp shares to be $22 a year from now. The beta of Confusion Corp's stock is 1.25. What is the intrinsic value of Confusion's stock today
Answer:
$20.60
Explanation:
Required Return of Stock = Risk free Rate + Beta*(Expected Return of market - Risk free Rate)
Required Return of Stock = 16.5% (4% + 1.25*(14% - 4%)), Expected Dividend in upcoming year(D1) = $2, Expected Price 1 years from now(P1) = $22
Intrinsic value of Confusion's stock today (P0):
P0 = (D1 + P) / (1 + Ke)^1
P0 = (2 + 22) (1 + 0.165)^1
P0 = 24 / 1.165
P0 = 20.60086
P0 = $20.60
can you have a sloth as a pet
Answer:
in most places yes
Explanation:
they are hard to care for tho
Answer:
i mean Ig it depends on if you need a license or have to pay alot for it
have a good day :)
Explanation:
Robo Hot Inc., is a company that markets electric heaters to hospitals. Mr. Heatmizer, it's CEO, would ike to reduce its inventory cost by determining the optimal number of electric heaters to obtain per order. The annual demand is 100,000 units and the ordering cost is $10 per order. The carrying cost per unit is $2.00. Using these figures, calculate the expected number of orders per year.
Answer:
Expected number of orders=31.6 orders per year
Explanation:
The expected number of orders would be the Annual demand divided by the economic order quantity(EOQ).
The Economic Order Quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding cost is exactly the same as the ordering cost.
It is calculated as follows:
EOQ = (2× Co D)/Ch)^(1/2)
Co- ordering cost Ch - holding cost, D- annual demand
EOQ = (2× 10 × 100000/2)^(1/2)= 3162.27 units
Number of orders = Annual Demand/EOQ
= 100,000/3,162.27= 31.62 orders
Expected number of orders=31.6 orders per year
Sally received 100 shares of stock worth $8,000 as a gift from her father. Her father had purchased the stock for $10,000. When Sally sells the stock, her basis in the shares for determining her gain or loss will be
Answer:
$8000
Explanation:
Based on the fact that she didn't purchase the stock initially At $10000, but she was gifted it at $8000 her bases upon which she will derive profit or loss from is $8000
Selecting a CD. Casey has $1,000 to invest in a certificate of deposit. Her local bank offers her 2.5% on a 12-month FDIC-insured CD. A nonfinancial institution offers her 5.2% on a 12-month CD. What is the risk premium
Answer: 2.7%
Explanation:
A risk premium simply means the investment return thstna particular asset will be expected to yield which is in excess of the assets risk-free rate of return.
The risk premium will be:
= Total return - Risk free rate
= 5.2% - 2.5%
= 2.7%
Therefore, the risk premium is 2.7%.
Because leaders need to devise effective solutions in short time spans with limited information, they need to have Multiple Choice interpersonal abilities. conceptual skills. business skills. strategic skills. cognitive abilities.
Answer:
cognitive abilities.
Explanation:
Cognitive abilities can be regarded as skills that is a brain-based, and it's abilities that is required in carrying out different tasks, this could range from the simplest task to most complex ones. Cognitive abilities can be attributed to mechanisms of learning, remembering as well as problem-solving. It should be noted that as leaders need to devise effective solutions in short time spans with limited information, they need to have cognitive abilities.
Marx, Inc. has a net income of $600,000 for 2012, and there are 400,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $80,000 on the preferred stock and $120,000 on the common stock. The earnings per share for 2012 is Group of answer choices
Answer:
$1.3
Explanation:
Net income = $600,000
Outstanding shares = 400,000
Dividends paid = $80,000
So, by using earning per share formula,
Earning per share = (Net income - Dividends paid) ÷ outstanding shares
By putting the value, we get
Earning per share = ($600,000 - $80,000) ÷ 400,000
= $520,000 ÷ 400,000
= $1.3
Hence, the earning per share for 2012 is $1.3.
If demand for reserves is predected to increase temporarily, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves.
Answer:4.1
Explanation:
The Core Company had the following assets and liabilities as of December 31: Assets Cash $58,000 Accounts receivable 25,000 Inventory 20,000 Equipment 50,000 Liabilities Current portion of long-term debt $20,000 Accounts payable 12,000 Long-term debt 25,000 Calculate the current ratio, working capital, and quick ratio. If required, round your answers to one decimal place. Current Ratio fill in the blank 1 Working Capital $fill in the blank 2 Quick Ratio fill in the blank 3
Answer:
Current Ratio 3.2
Working Capital $71,000
Quick Ratio 2.6
Explanation:
Calculation to determine Current Ratio, Working Capital and Quick Ratio Correct Answer:
Current Ratio= ($58,000 + $25,000 + $20,000) / ($20,000 + $12,000)
Current Ratio= $103,000/32,000
Current Ratio = 3.2
Working Capital= $103,000 - $32,000
Working Capital= $71,000
Quick Ratio=($58,000 + $25,000) / ($20,000 + $12,000)
Quick Ratio=$83,000/$32,000
Quick Ratio= 2.6
Therefore:
Current Ratio 3.2
Working Capital $71,000
Quick Ratio 2.6
Pare, Inc. purchased 10% of Tot Co.'s 100,000 outstanding shares of common stock on January 2, Year 1, for $50,000. On December 31, Year 1, Pare purchased an additional 20,000 shares of Tot for $150,000. There was no goodwill as a result of either acquisition, and Tot had not issued any additional stock during Year 1. Tot reported earnings of $300,000 for Year 1. What amount should Pare report in its December 31, Year 1, Balance Sheet as investment in Tot
Answer:
$230,000
Explanation:
Calculation to determine What amount should Pare report in its December 31, Year 1, Balance Sheet as investment in Tot
Based on the information given the 10% ownership percentage will be used in Year 1 reason been that the additional 20% purchased in 12/31/Year 1, hence In Year 2, 30% earnings would be recorded in the investment account
Investment account at 12/31/Year 1 =[(Actual ownership percentage*Outstanding shares of common stock 1/2/Year 1)+ 1/2/Year 1 Common stock value ] +(Additional ownership percentage*Outstanding shares of common stock 12/31/Year 1 )+ 12/31/Year 1 Additional shares value]
Let plug in the formula
Investment account at 12/31/Year 1 =
[(100,000*10%)+$50,000]+[(100,000*20%)+$150,000
Investment account at 12/31/Year 1 =($10,000+$50,000)+($20,000+$150,000)
Investment account at 12/31/Year 1 =$60,000+$170,000
Investment account at 12/31/Year 1 =$230,000
Therefore The amount that Pare should report in its December 31, Year 1, Balance Sheet as investment in Tot is $230,000
Waterway Company borrowed $950000 from BankTwo on January 1, 2020 in order to expand its mining capabilities. The five-year note required annual payments of $257042 and carried an annual interest rate of 10%. What is the amount of interest expense Waterway must recognize on its 2021 income statement
Answer:
$78,795.80
Explanation:
Interest Expenses for 2020 = $950000 * 10% = $95,000
Total Payment in 2020 = $257,042
Principal Repaid = $257,042 - $95,000 = $162,042
Outstanding Principal = $950,000 - $162,042 = $787,958
Interest Expenses for 2021 = $787,958 * 10%
Interest Expenses for 2021 = $78,795.80
So, the amount of interest expense Waterway must recognize on its 2021 income statement is $78,795.80.
Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
are worn out and a new video game. Which of these do you want, and which of these do you
need? Explain your answer.
Plz no links to answer
Answer:
video game
Explanation:
because I don't go outside, I'm a gamer
Ford Motor Co. asks members of its target market to rate its cars and those of General Motors and Chrysler on a 7-point scale in terms of two dimensions (comfortable seats and engine power) so that it can establish a quadrant-grid map of these ratings. What type of analysis is Ford conducting
Answer: Positioning
Explanation:
The analysis that Ford is using is positioning. Positioning analysis refers to the process of analyzing how the brand of a company is perceived by the marketplace.
It should be noted that when target market opportunities are identified, a company should make a comparison between the way that the brand is perceived and needs of the targeted market
9. OMG Corporation just paid a $1.50 annual dividend on each share. It is planning on increasing its dividend by 15 percent a year for the next 4 years. The corporation will then decrease the growth rate to a rate of 4 percent per year, and keep it that way indefinitely. The required rate of return is 7.00 percent. Calculate the current value of one share of this corporation's stock.
The current value of one share of the corporation's stock is $76.59.
What is the value of the stock?The two-stage dividend model would be used to determine the value of the stock. In the two-stage dividend growth model, the first stage is characterised by a fast growth rate which becomes steady in the second stage.
Dividend in Y1 = 1.50 x 1.15 = 1.725Dividend in Y2 = 1.50 x 1.15^2 = 1.98Dividend in Y3 = 1.50 x 1.15^3 = 2.28Dividend in Y4 = 1.50 x 1.15^4 = 2.62Dividend in Y4 = (2.62 X 1.04) / (0.07 - 0.04) = 90.95Find the present value of these cash flows
Value of the stock = $76.59
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Liu, the owner of San Diego Mortgage Solutions, a sole proprietorship, wants to obtain additional business capital to expand operations. The additional business capital is most likely limited to Group of answer choices conducting a private offering. issuing stock. bringing in partners. borrowing funds.
Answer:
borrowing funds.
Explanation:
Since the owner could not add extra partners as it would be transform into the partnership firm in the case when there is an increase in the number of owners.
In the sole propertiorship, there is only one stockholder and he cant able to issue the stock or the initial public offering
Therefore it would be limited to the borrowing funds
For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and administrative expense of $11,766, and depreciation of $6,415. If the tax rate is 35 percent, what is the operating cash flow
Answer:
$15,266
Explanation:
Sales $46,382
Less: Cost of goods sold $16,659
Gross profit $29,723
Less: Selling & administrative expense $11,766
Less: Depreciation $6,415
Earnings before interest and tax (EBIT) $11,542
Less: Interest expenses $3,854
Earnings before tax (EBT) $7,688
Less: Tax expenses (7688*35%) $2,691
Earnings after tax $4,997
Operating cash flow = EBIT + Depreciation expenses - Tax expenses
Operating cash flow = $11,542 + $6,415 - $2,691
Operating cash flow = $15,266
Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $48 million as of December 31, 2021. Crore has a tax rate of 25%. Crores retained earnings as of December 31, 2021, would be: (Round million answer to 2 decimal places.) Multiple Choice
Answer: Overstated by $12 million.
Explanation:
Since Crote Corporation understated accumulated depreciation by $48 million as of December 31, 2021 and has a tax rate of 25%.
Crores retained earnings as of December 31, 2021, would be overstated in the amount of:
= $48 million × 25%
= $48 million × 0.25
= $12 million
Crores retained earnings as of December 31, 2021, would be overstated by $12 million.
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $26.50 per hour. During July, Whitman paid $120,790 to employees for 4,700 hours worked. 2,600 units were produced during July. What is the flexible budget amount for direct labor
Answer:
$137,800
Explanation:
A flexible budget uses the standard hour and costs adjusted to Actual level of output
thus
Flexible budget amount for direct labor = 2 x 2,600 units x $26.50 = $137,800
Find the compound interest on $2,500 at .75% interest compounded daily by the Leader Financial Bank for 20 days.
Answer:
Interest= $402.96
Explanation:
Giving the following information:
Initial investment (PV)= $2,500
Interest rate (i)= 0.0075
Number of periods (n)= 20 days
To calculate the interest earned after 20 days, we need to use the following formula:
Interest= PV*(1 + i)^n - PV
Interest= 2,500*(1.0075^20) - 2,500
Interest= $402.96
ccounts Payable $55,000 Land $90,000 Inventory $10,500 Accounts Receivable $7,500 Equipment $8,000 Deferred Revenue $58,500 Short-term Investments $20,000 Notes Receivable (due in 8 months) $45,500 Interest Payable $2,000 Patents $75,000 What is the amount of intangible assets assuming the accounts above reflect normal activity
Answer:
The answer is "[tex]\$75,000[/tex]".
Explanation:
The immaterial assets are those assets without physical matter. It would include patents, copyright, goodwill, brand, etc. Instead of tangible assets including such equipment or computer components used to calculate the current value of a business, it improves the overall long-term value of the small company. In that instance, the intangible assets were solely patents. So the response is $75,000.
A tight oligopoly refers to: a. an industry in which the top four firms supply more than 60 percent of the market, have unstable market shares, and do not cooperate with each other. b. an industry in which a single firm has over half the market share and no close rival. c. an industry in which the top four firms supply more than 60 percent of the market, have stable market shares, and cooperate with each other. d. a single firm that controls the entire market and can block entry. e. an industry in which a single firm supplies over one-third of the entire market, the market share is stable, and the firm cooperates with other firms in the industry.
Answer:
c
Explanation:
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
price setting firms
product differentiation
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve
A tight oligopoly is when at most 8 firms hold at least 50% of the market share. there is usually cooperation among the firms
The beginning capital balance shown on a statement of owner's equity is $44,000. Net loss for the period is $13,500 and the owner withdrew $17,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
Answer:
See below
Explanation:
Given that;
Opening capital = $44,000
Net loss = ($13,500)
Drawings = $17,500
Then,
Owner's capital balance is computed as ;
Capital at the end of the year = Opening capital + Net income(Net loss) - Drawings
Capital at the end of the year = $44,000 - $13,500 - $17,500
Capital at the end of the year = $13,000
At Susko Systems Inc., employees with exceptional performance ratings are three to four more times as likely to be promoted in comparison to employees who receive average or below average ratings. Susko Systems most likely uses the promotion criterion of _____ to promote its employees.
Answer:
Merit.
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
In this scenario, Susko Systems most likely uses the promotion criterion of merit to promote its employees. A merit is function of the performance of an employee.
On January 1, 2016, ABC Corporation purchased Equipment C for $72,000. Equipment C is expected to have a useful life of 8 years, and a salvage value of $2,400. Assume that ABC uses the straight-line method of depreciation for Equipment C. A Prepare the journal entry to record depreciation on the equipment for 2016. (5)
Answer:
Debit : Depreciation $8,700
Credit : Accumulated Depreciation $8,700
Explanation:
the journal entry to record depreciation on the equipment for 2016.
4. Both the concentration and Herfindahl indices computed by the U.S. Bureau of Census tends to overstate the actual level. In addition, they understate the degree of concentration in local markets (gasoline, for example). Explain why we make these statements.
Answer:
The use of data aggregation leads to overstatement of the concentration and Herfindahl indices
while the use of National/state data leads to understatement of the degree of concentration in local markets.
Explanation:
The ratio of concentration and Herfindahl indices computed are mainly made up of foreign players while the contributions of small local unorganized players are not considered, which leads to the increase in the value of indices and ratios been used, ( i.e. The use of data aggregation ) . hence the overstatement of the actual level.
The understatement of the degree of concentration in local markets happens because of the use of national and state data while computing the concentration in the local markets like gasoline and this is mainly caused by the presence of fewer industries in the market. The state and national data does not reflect the true concentration in the local market hence the degree of concentration is understated at the local level.
A company must account for a contract modification as a new contract if Group of answer choices the modification adds distinct goods or services at a price that reflects their stand-alone selling price. the seller has the right to receive consideration equal to the stand-alone selling price of the promised goods or services. the promised goods or services are distinct and separable from other goods or services promised in the original contract. the promised goods or services are distinct and the contract has commercial substance.
Answer: the modification adds distinct goods or services at a price that reflects their stand-alone selling price.
Explanation:
When multiple goods or services are offered in the same contract they are not usually given their standalone price but rather a contract price that is less as a form of discount for getting all the goods at the same time.
When a modification is added however, that reflects the standalone price of goods added, the contract has to account for the contract modification because there are now multiple pricing conventions and this needs to be accounted for.
At January 1, 2017, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purchased equipment with a cost of $60,000 and sold equipment with a book value of $30,000. The company reported a loss on the sale of equipment of $4,000. Assume the indirect method is used.
Determine what amount will be reported in the operating activities section
Operating Activities
Determine what amount will be reported in the investing activities section with regard to the purchase and sale of equipment.
Purchase of Equipments
Sale of Equipment
Click If you would like to show Work for this questioni Doen Show Work
Answer:
$4,000
Explanation:
The operating activities records daily activities of a business entity transactions such as depreciation expense, loss or profit on sale of long term assets, change in working capital etc.
With regards to the above scenario, there is a loss of $4,000 on the sale of equipment whilst same was recorded under the operating activity section as positive.
It is to be noted that the sale and equipment of an equipment falls under investing activity section hence shod be recorded therein as such, reason it was not considered here.
The most important reason the selection committee should review the job
description before screening applications is to ensure that———.
A. the salary matches the job description
B. they do not select an overqualified candidate
C. the screening criteria matches the job requirements
D. the correct key words are used to screen the applications
SUBMIT
Answer: This might help.
Explanation: Look up chapter 6: selection flash cards.
Hallie painted a picture and wanted to make it available for sale on the
Internet. How can she best protect her work from intellectual property theft?
O A. Hire a security guard
B. Hire an intellectual property lawyer
C. Add a watermark
a
O D. Change her password
Answer:
c adding a watermark they cannot remove it if they copy picture off the internet.
The correct option is C.
What does a watermark mean?Watermarking is the process of superimposing a logo or piece of text atop a document or image file, and it's an important process when it comes to both the copyright protection and marketing of digital works.
What is a watermark on a photo?A watermark is a logo, piece of text, or signature superimposed onto a photograph. Watermarks are typically transparent, so those viewing the image can still admire it. You can usually identify the photographer through the watermark, too.
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