Answer:
False because market research is essential for decision making within buisnesses.
what organization or program interests you the most?
Answer:
I love law :) what about you
I love math what do you like
Ps; sorry but may you please mark brainly im trying to level up
Match each phrase that follows with the term it describes.
1. Budget
2. Capital expenditures budget
3. Sales budget
4. Production budget
5. Cash budget
6. Budgeted balance sheet
A. an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period
B. plans an important role for organizations in planning, directing, and controlling a company's future goals
C. a plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process
D. a plan that lists dollar amounts to be both spent on purchasing additional pant assets to carry out the budgeted business activities
E. a plan showing the number of units to be produced each month
F. a plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans
Answer and Explanation:
The matching is as follows:
1. Budget - B. It would be play a significant role with respect to planning, directing, controlling for an upcoming goals of the company
2. Capital expenditure budget -D. As the capital expenditure is the one time expenditure that should be done for purchasing the extra plant asset
3. Sales budget - C. The plan that represent the sales unit and the sales value.
4. Production budget - E. The budget that represent the no of units produced each month
5. Cash budget - F. It represent the cash inflows and cash outflow position
6. Budgeted balance sheet - A. It involved the assets, liabilities and stockholder equity
Misterio Company uses a standard costing system. During the past quarter, the following variances were computed:
Variable overhead efficiency variance $ 24,000 U
Direct labor efficiency variance 120,000 U
Direct labor rate variance 10,400 U
Misterio applies variable overhead using a standard rate of $2 per direct labor hour allowed. Two direct labor hours are allowed per unit produced. (Only one type of product is manufactured.) During the quarter, Misterio used 30 percent more direct labor hours than should have been used.
Required:
1. What were the actual direct labor hours worked? The total hours allowed?
2. What is the standard hourly rate for direct labor? The actual hourly rate?
3. How many actual units were produced?
Answer:
1. Total hours allowed = 40,000
Actual direct labour hours worked = 52,000.
2. Standard hourly rate = $10
Actual rate = $10.2
3. Actual output= 20,000 units
Explanation:
The variable overhead efficiency variance in hours= variable overhead efficiency variance in Dollar/Variable overhead standard rate
= $24,000/$2= 12,000 hours unfavorable
Let the actual hours be V
Let the standard hours for the actual output achieved be = V
The actual hours worked = 130% of the standard hours allowed
Actual hours =130% × V = 1.3V
1.3V - V= 12,000
V=12000/0.3=40,000
Total hours allowed = 40,000
Actual labour hours= 130%× 40,000=52,000
Total hours allowed = 40,000
Actual direct labour hours worked = 52,000.
Standard labour rate =
Labour effciency variance in Dollar /Labour efficiency variance in hours
= 120,000/12,000=$10
Standard hourly rate = $10
Rate variance = (Actual rate - standard rate)× Actual hours
Let the actual rate be = Y
10,400 = ( Y - 10) × 52,000
10,400= 52000Y- 520,000
Y= (520,000 + 10,400)/52,000=10.2
Actual rate = $10.2
Standard labour hours for actual output = Actual output × standard hours
Let the actual output be = m
40,000 = m × 2
m= 40,000/2= 20,000 units
Actual output= 20,000 units
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: • Engineering advances have made it less costly to create a safe working environment. • The phenomenal success of a new reality show Die on the Job! has imbued millions of viewers with a romantic perception of work-related fatal risks. Using demand and supply diagrams of risky jobs, show how each of the two developments can explain the drop in the compensating wage differential. Can information on the number of workers employed in the risky occupation help determine which explanation is more plausible?
Answer and Explanation:
As shown in the question above, the advancement of engineering has allowed it to be cheaper for a company to promote a safe environment for professionals than to pay a higher salary for the risk they run within the work environment. This causes companies to modify the offer of risky jobs, as a way of reducing expenses. However, due to wage compensation, the demand for these jobs remains high, because professionals are attracted to compensation. To stop this demand, companies promote a compensation differential, which modifies the demand curve by decreasing it, which means that fewer people will look for these jobs.
Fore Farms reported a pretax operating loss of $210 million for financial reporting purposes in 2021. Contributing to the loss were (a) a penalty of $10 million assessed by the Environmental Protection Agency for violation of a federal law and paid in 2021 and (b) an estimated loss of $20 million from accruing a loss contingency. The loss will be tax deductible when paid in 2022. The enacted tax rate is 25%. There were no temporary differences at the beginning of the year and none originating in 2021 other than those described above. Required: 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss in 2021. 2. What is the net operating loss reported in 2021 income statement
Answer:
Fore Farms
1. Journal Entry
Debit Net operating loss $180 million
Credit Loss Carryforward Relief $180 million
To record the income tax benefit of the net operating loss.
2. The net operating loss reported in 2021 income statement is $180 million.
Explanation:
a) Data and Calculations:
Enacted tax rate = 25%
2021 Reported pretax operating loss = $210 million
Less:
Penalty for EPA violation = 10 million
Loss contingency accrued
(temporary difference) = 20 million
Net pretax operating loss = $180 million
b) The net operating loss (NOL) suffered by Fore Farms, after adjusting non-allowable penalty for EPA violation and temporary differences, will be used to offset the company's tax payments in subsequent tax periods. This is an Internal Revenue Service (IRS) tax provision called a "loss carryforward." It allows some tax relief to Fore Farms for losing money in 2021.
Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $1.25000 dividend at that time (D₃ = $1.25000) and believes that the dividend will grow by 6.50000% for the following two years (D₄ and D₅). However, after the fifth year, she expects Goodwin’s dividend to grow at a constant rate of 3.36000% per year.
Goodwin’s required return is 11.20000%. Fill in the following chart to determine Goodwin’s horizon value at the horizon date (when constant growth begins) and the current intrinsic value. To increase the accuracy of your calculations, do not round your intermediate calculations, but round all final answers to two decimal places.
Term Value
Horizon Value __________
Current Intrinsic value __________
Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is ___________, and Goodwin's capital gains yield is _______
Answer:
A. Term Value
Horizon Value $18.69
Current Intrinsic value $13.61
B. Dividend yield 0%
Capital gains yield 11.20%
Explanation:
A. Calculation to determine Horizon Value
Using this formula
Horizon Value = Dividend in Year 6/(Required Return – Growth Rate)
Let plug in the formula
Horizon Value = 1.25(1.0650)^2 (1.0336)/(11.20%-3.36%)
Horizon Value = $18.69
Calculation to determine the Current Intrinsic value Using this formula
Current intrinsic value = 1.25/(1.1120)^3 + 1.25(1.0650)/(1.1120)^4 + 1.25(1.0650)^2/(1.1120)^5 + 18.69/(1.1120)^5
Current intrinsic value = $13.61
B. Calculation to determine Dividend yield
Using this formula
Dividend yield = Expected Dividend next year/Current price
Let plug in the formula
Dividend yield= 0/13.61
Dividend yield= 0%
Calculation to determine Expected Capital Gains Yield using this formula
Expected Capital Gains Yield = Required return - Expected Current Dividend Yield
Let plug in the formula
Expected Capital Gains Yield= 11.20%- 0%
Expected Capital Gains Yield= 11.20%
Therefore:
Term Value
Horizon Value $18.69
Current Intrinsic value $13.61
Therefore Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is 0% and Goodwin's capital gains yield is 11.20%
3. Suppose you are thinking of purchasing the Moore Co.’s common stock today. If you expect Moore to pay $3.1, $3.38, $3.70, $4.02, and $4.38 dividends at the end of year one, two, three, four, and five respectively and you believe that you can sell the stock for $95 at the end of year five. If you required return on this investment is 11%, how much will you be willing to pay for the stock today?
Answer:
$69.87
Explanation:
The price i would be willing to pay for the stock can be determined by finding the present value of the dividend payments
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = 3.1
Cash flow in year 2 = 3.38
Cash flow in year 3 = 3.70
Cash flow in year 4 = 4.02
Cash flow in year 5 = 4.38 + 95 = 99.38
I = 11%
Present value = $69.87
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
3. The price elasticity of demand for wine is estimated to be 1 at all possible quantities. Currently, 200 million gallons of wine are sold per year, and the price averages $6 per bottle. Assuming that the price elasticity of supply of wine is 1 and the current tax rate is $1 per bottle, calculate the current excess burden of the tax on wine. Suppose the tax per bottle is increased to $2 per bottle. What will happen to the excess burden of the tax as a result of the tax increase
Answer:
The excess burden would quadruple to $33,333
Explanation:
In order to calculate the excess burden as a result of the tax increase, we first calculate the excess burden at current tax rate which is $1 per bottle. Excess burden is calculated using the following formulae:
W = 1/2(T)²(Q/P) x (Es x Ed / (Es - Ed))
where:
T = Tax per unit
Q = Total Quantity
P = Price per unit
Es = Elasticity of Supply
Ed = Elasticity of Demand
W = 1/2(1)² (200,000/6) x (1 x 1 / (1 - (-1)))
W = 1/2 (33.333) x (1/2)
W = $8,333
Now after-tax rate goes up to $2, the excess burden would as follow:
W = 1/2(2)² (200,000/6) x (1 x 1 / (1 - (-1)))
W = 2 (33.333) x (1/2)
W = $33,333 per year
Hence, the excess burden is $33,333 after the increase in tax.
Utilize the following financial information to answer the question. Current value of land $2,000,000 Cost to rebuild the physical structure $7,500,000 Furniture, fixtures and equipment $ 500,000 Economic deductions $ 800,000 Functional obsolescence $ 200,000 Physical deterioration $1,000,000 Based on the cost replacement approach, how much would be estimated value of the property
Answer: $8,000,000
Explanation:
Based on the cost replacement approach:
Estimated value = Land Value + Replacement Value - Deductions from value
Replacement value = Cost to rebuild physical structures + Furniture
= 7,500,000 + 500,000
= $8,000,000
Economic deductions:
= 800,000 + 200,000 + 1,000,000
= $2,000,000
Estimated value = 2,000,000 + 8,000,000 - 2,000,000
= $8,000,000
Mazie Supply Company uses the percent of accounts receivable method to determine their Allowance for Uncollectible Accounts. On December 31, it has outstanding accounts receivable of $55,000, and it estimates that 2% will be uncollectible. Prepare the year-end adjusting entry to record bad debt expense under the assumption that the Allowance for Uncollectible Accounts has (a) a $415 credit balance before the adjusting entry and (b) a $291 debit balance before the adjusting entry.
Answer:
A. Dr Bad debts expense $685
Cr Allowance for doubtful accounts $685
B. Dr Bad debts expense $1,391
Cr Allowance for doubtful accounts $1,391
Explanation:
A. Preparation of the year-end adjusting entry to record bad debt expense if the Allowance for Uncollectible Accounts has a $415 credit balance before the adjusting entry
Dr Bad debts expense $685
Cr Allowance for doubtful accounts $685
[(2%*$55,000)-$415]
($1100-$415)
B. Preparation of the year-end adjusting entry to record bad debt expense if the Allowance for Uncollectible Accounts has a $291 debit balance before the adjusting entry
Dr Bad debts expense $1,391
Cr Allowance for doubtful accounts $1,391
[(2%*$55,000)+$291]
($1100+$291)
The accountant at Blackjack Company is figuring out the difference in income taxes the company will pay depending on the choice of either FIFO or LIFO as an inventory costing method. The tax rate is 30% and the FIFO method will result in income before taxes of $3,640. The LIFO method will result in income before taxes of $3,290. What is the difference in tax that would be paid between the two methods
Answer: $105
Explanation:
Taxes under LIFO:
= LIFO income * Tax rate
= 3,290 * 30%
= $987
Taxes under FIFO:
= FIFO income * Tax rate
= 3,640 * 30%
= $1,092
Difference:
= FIFO tax - LIFO tax
= $105
Which of the following statement is not true about the Commercial News USA magazine, the official export magazine for the US: Group of answer choices Magazine is published in both English and Spanish Magazine is published in both English and Chinese Magazine is published the official export promotion magazine of the US government Magazine has an estimated 250,000 readers in 178 countries.
Answer:
Magazine is published in both English and Chinese
Explanation:
According to Capela Chapter 12, we good to know that the Commercial News USA would be classified as the promotion magazine that should be used for official export with respect to the US Department of Commerce. The magazine would be published in English and Spanish languages and also has approx 2,50,000 readers in 178 countries.
Therefore the first option is not true
The four general accounting principles include: (Check all that apply).
Answer:
The four accounting principles are:
Expense recognition: this principle establishes that expenses are recognized when their associated revenue is realized. For example, if I buy inventory in May, and sell it in June, I will recognize the inventory expense in June, not in May.Measurement: this principle establishes that businesses should only record transactions when these transactions can be expressed in terms of money.Revenue recognition: this principle establishes that revenues are accounted for when they are realized, not necessarily when they are paid for. For example, if I sell merchandise in June on credit, and the credit is due in July, I will recognize the revenue in June, not in July.Full disclosure: this principle establishes that public companies (those that sell and buy their stock in the public market) should disclose all relevant financial information to the stockholders (the authorities, investors, credit rating agencies, auditing agencies).
Generally accepted accounting principles, or GAAP, are standards that encompass the details, complexities, and legalities of business and corporate accounting.
The four general accounting principles are:1) Expense Recognition:
This principle shows that costs are recognized when the relevant revenue is realized. For example, if you buy inventory in May and sell it in June, record the inventory cost in June instead of May.2) Measurement:
This principle states that a company only needs to record a transaction if it can be expressed in money.3) Revenue Recognition:
This policy states that revenue is recognized when it is recognized and not necessarily when it is paid. For example, if you sell an item with credits in June and the credit expires in July, record the sale in June instead of July.4) Full Disclosure:
This principle requires public companies (those who buy and sell shares in the open market) to disclose all relevant financial information to shareholders (authorities, investors, rating agencies, accounting firms).Learn more :
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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $615,000, Allowance for Doubtful Accounts has a credit balance of $5,500, and sales for the year total $2,770,000. Bad debt expense is estimated at 1.1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $fill in the blank 1 30,470 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
Answer:
a. Adjusting entry is the bad debt expense:
= Sales * Percent of sales for bad debt
= 2,770,000 * 1.1%
= $30,470
b.
Accounts Receivable will remain the same as it has already been adjusted for bad debt = $615,000
Allowance for Doubtful Accounts
= Bad debt + Credit balance
= 30,470 + 5,500
= $35,970
Bad Debt Expense = $30,470
1. palmer luckey's backers were early adopters who enjoyed becoming part of the development process
a) true
b) false
The answer is a)True.....
Bond prices depend on the market rate of interest, stated rate of interest, and time. Determine whether the following bonds payable will be issued at face value, at a premium, or at a discount:a. The market interest rate is 4%. Denton issues bonds payable with a stated rate of 4%.b. Starkville issued 8% bonds payable when the market interest rate was 8.25%.
Answer:
a. Par value
b. Discount
Explanation:
a. As the market interest rate is 4% and the stated rate is also 4% so that means the bond would be issued at face value because both the rates are same
b. The bond rate is 8% and the market interest rate is 8.25%
so the stated interest rate is lower than the market interest rate, that means the bond would be issued at discount
hence, the same would be considered
Gamegirl Inc., has the following transactions during August. August 6 Sold 72 handheld game devices for $210 each to DS Unlimited on account, terms 2/10, net 60. The cost of the 72 game devices sold, was $190 each. August 10 DS Unlimited returned seven game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited.
Required:
Prepare the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system.
Answer:
Aug 6
Dr Accounts Receivable $15,120
Cr Sales $15,120
Dr Cost of Goods Sold $13,680
Cr Inventory $13,680
Aug 10
Dr Sales Return $1,470
Cr Accounts Receivable $1,470
Aug 14
Dr Cash $13,513
Dr Sales Discount $137
Cr Accounts Receivable $13,650
Explanation:
Preparation of the transactions for GameGirl, Inc., assuming the company uses a perpetual inventory system.
Aug 6 Accounts Receivable $15,120
Sales $15,120
(72*$210)
Dr Cost of Goods Sold $13,680
Cr Inventory $13,680
(72*$190)
Aug 10
Dr Sales Return $1,470
Cr Accounts Receivable $1,470
(7*$210)
Aug 14
Dr Cash $13,513
($13,650-$137)
Dr Sales Discount $137
Cr Accounts Receivable $13,650
Computation of Sales Discount:
Sales $15,120
Less: Sales Return $1,470
Total Sales $13,650
Multiply: Percentage of Discount 1%
Sales Discount $137
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pounds of the material, S5 uses 4.1 pounds of the material, and G9 uses 5.3 pounds of the material. Demand for all products is strong, but only 53,700 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows.
K1 S5 G9
Selling price $155.8 $108.92 $205.55
Variable costs 91.00 90.00 136.00
Required:
Calculate the contribution margin per pound for each of the three products.
Answer and Explanation:
The computation of the contribution margin per pound for each of the three products is shown below:
As we know that
Selling price per pound - Variable cost per pound = Contribution margin
For Product K1
= $155.8 - $91
= $64.8
For Product S5
= $108.92 - $90
= $18.92
For Product G9
=$205.55 - $136
= $69.55
Now the contribution margin per pound is
For Product K1 = Contribution margin ÷ Pound
= 64.8 ÷ 4.2
= 15.43 per pound
For Product S5 = Contribution margin ÷ Pound
= 18.92 ÷ 4.1
= 4.61 per pound
For Product G9 = Contribution margin ÷ Pound
= 69.55 ÷ 5.3
= 13.22 per pound
Recently, the management of Carrefour reviewed its situation under conditions of stagnant growth and increasing competition from international rivals like Wal-Mart, Tesco, etc. A team of consultants has been hired to evaluate the retail giant’s performance. As one of case team members, what metrics would you use to evaluate Carrefour’s performance?
Answer:
Market Dominance.
Explanation:
I believe that the best metric to evaluate in such a situation would be Market Dominance. In other words, the percentage of dominance that Carrefour has in its own market, in comparison to the rest of the competition such as Wal-Mart and Tesco. This would allow management to see if they have lost, maintained, or gained market dominance in this period of time which will in term give them an idea of their performance within the market and whether or not they should be worried about the competition.
Consider the Great Woman who is stuck on an island in the Pacific Ocean. The open markets on the island provide many goods that the Great Woman can purchase, such as beef and coconut water. Suppose that the Great Woman’s preferences are such that coconut water is a neuter good and beef is an economic good. Draw the Great Woman’s indifference mapping for beef and coconut water. Place coconut water on the horizontal axis and beef on the vertical axis.
Answer:
attached below is the indifference curve
Explanation:
The indifference map attached shows the Great woman's preference for coconut water as a neuter good and beef as an economic good
as per instruction given in the question the Y axis represents the preference for beef, since coconut being a neuter good, the indifference curve will be a straight line .
note : movement along the y axis is in the upward direction.
Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in used guns recovered from murder scenes. The written contract is a 2-paragraph handwritten document, and states that each party will receive 50% of any net profits and that each will devote 30 hours a week to the business. Both parties regard the writing as a final expression of their deal. After being in business for a evide while, Cagney sues Lacey for breach because Lacey is only working 20 hours per week during the summer months. Lacy attempts to present on vacation from school. Will Lacey be able to present this evidence at trial?
1. No, under the parole evidence rule that shows just prior to signing the contract, Cagney orally agreed that Lacey could work 20 hours a week when her children were
2. Yes, under the parole evidence rule
3. No, due to unilateral mistake
4. Yes, under the statute of frauds
Answer:
3. No, due to unilateral mistake
Explanation:
Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.
You got asked to analyze a 5-year project for your firm. The project produces an annual revenue of $28,500, but requires an annual labor and materials cost of $5,000. To initiate the project your firm must invest $20,000. The salvage value of the project is $0 at the end of the 5-year useful life.
Required:
Use straight line depreciation and a 40% income tax rate to compute the:
a. after-tax cash flows
b. the IRR for the ATCF of this project.
Answer:
= 15700
73.5%
Explanation:
Cash flow = (revenue - cost - depreciation) (1 - tax rate) + depreciation = 15700
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
20,000 / 5 = 4,000
($28,500 - $5000 - $4000) x (1-0.4) + 4000 = $15700
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = -20,000
Cash flow each year from year 1 to 5 = 15,700
IRR = 73.5%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
A sporting goods manufacturer budgets production of 59,000 pairs of ski boots in the first quarter and 50,000 pairs in the second quarter of the upcoming year. Each pair of boots requires 2 kilograms (kg) of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 23,600 kg and the cost per kg is $8. What is the budgeted materials purchases cost for the first quarter?
Answer:
Purchases= 114,400 kg
Total purchase cost= $915,200
Explanation:
Giving the following information:
Beginning inventory= 23,600 kg
Cost per kg= $8
Production= 59,000 pairs
Desired ending inventory= (50,000*0.2)*2= 20,000 kg
To calculate the purchases, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 59,000*2 + 20,000 - 23,600
Purchases= 114,400 kg
Total purchase cost= 114,400*8= $915,200
Which type of law controls the operation and procedures of government
agencies?
A. Statutory
B. International
C. Regulatory
D. Constitutional
Inside Incorporated was issued a charter on January 15 authorizing the following capital stock:
Common stock, $6 par, 100,000 shares, one vote per share
Preferred stock, 7 percent, par value $10 per share, 5,000 shares, nonvoting.
The following selected transactions were completed during the first year of operations in the order given:
a. Issued 21,000 shares of the $6 par common stock at $19 cash per share.
b. Issued 3,100 shares of preferred stock at $23 cash per share.
c. At the end of the year, the accounts showed net income of $39,000
Prepare the stockholders' equity section of the balance sheet at December 31
Answer:
Total stockholders' equity = $509,300
Explanation:
Before the stockholders' equity section of the balance sheet is prepared, the following are calculated first:
Common stock = Number of common shares issued * Par value of common share = 21,000 * $6 = $126,000
Additional-paid-in-capital (APIC) – Common stock = Number of common shares issued * (Common stock cash per share - Par value of common share) = 21,000 * ($19 - $6) = $273,000
Preferred stock = Number of preferred stock issued * Par value of preferred stock = 3,100 * $10 = 31,000
APIC – Preferred stock = Number of preferred stock issued * (Preferred stock cash per share - Par value of preferred stock) = 3,100 * ($23 - $10) = $40,000
Therefore, the stockholders' equity section of the balance sheet at December 31 can now be prepared as follows:
Inside Incorporated
Balance Sheet (Partial)
At December 31
Details $
Stockholders' equity:
Common stock 126,000
APIC – Common stock 273,000
Preferred stock 31,000
APIC – Preferred stock 40,000
Net income 39,000
Total stockholders' equity 509,300
Which Finance career involves the stock market?
Financial and Investment Planning
Insurance Services
Business Financial Management
Banking and Related Services
Answer:
Financial and investment planning
The finance career that involves looking into the stock market is Financial and Investment Planning.
What does financial investment and planning entail?Those who are involved in financial planning and investment have the goal of analyzing investments such that they can make returns for their clients.
One way they do this is by analyzing the stock market as this provides a way to make returns based on the movement of stock prices.
Find out more on financial planning at https://brainly.com/question/12890843.
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Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining and Assembly). The number of employees in each department follows. Cafeteria 20 Human Resources 30 Machining 100 Assembly 150 Marshall Welding uses the step-down method of cost allocation and allocates cost on the basis of employees. Human Resources cost amounts to $1,200,000, and the department provides more service to the firm than Cafeteria. How much Human Resources cost would be allocated to Machining
Answer:
the cost of Human Resources would be allocated to Machining is $480,000
Explanation:
The computation of the cost of Human Resources would be allocated to Machining is given below:
= Cost of the human resource × machining department ÷ (machining department + assembly department)
= $1,200,000 × 100 ÷ (100 + 150)
= $480,000
hence, the cost of Human Resources would be allocated to Machining is $480,000
Home Inspirations. Hailey works for her father in a family-owned business called Home Inspirations, a bedding company that has been in operation since the 1800s. When her father retires, Hailey plans on taking over the business. Hailey is aware of many things about the company that she likes, and a few things that she does not. She has particularly noted that when the economy has low unemployment and high total income, sales are great. However, at any other time, sales are not so good.
Currently, all of the bedding items are created in one place and everyone works on various tasks every day. Hailey is thinking about streamlining the production process so that individuals would be responsible for only one task. She believes that if production would increases, she could sell her products at a lower price and increase revenue. She knows that most bedding products available in the market are very similar in nature and satisfy the same need. However, if she were able to lower prices, this might give her company the competitive advantage that it needs. She would then be able to invest money in differentiating her products by providing unique features, building the brand name, and offering services such as free delivery. She is also considering selling her products on the Internet. Hailey knows that her father does not like change very much, but she feels these changes are important for the future of the company.
Hailey feels that for productivity to improve, the company must practice: _________.
a. Free enterprise,
b. Work ethics,
c. Specialization,
d. Cultural diversity,
e. Pure competition.
Answer:
c. Specialization,
Explanation:
Since in the question it is mentioned that she selling her product on the internet and she knows her father does not like the changes but she knows that it would be important for the company .
So here if she wants to improve the productivity of the product so she must practice in specialization as if the product is different from the competitor in terms of quality, price, quantity, attractiveness, etc so the chances of increasing the sales would be high
Hence, the option c is correct
Do you feel it is easier or harder to deliver a presentation online versus face to face? Why?
Answer:
I think it easier in person
Explanation:
This is due to the fact that I can see the people and can understand if people are paying attention or if I need to alter the material a bit.
Janet Foster bought a computer and printer at Computerland. The printer had a $900 list price with a $100 trade discount and 2/10, n/30 terms. The computer had a $4,060 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $160 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 8% interest for 18 months in equal payments.
a. Assume Janet could borrow the money for the printer at 8% to take advantage of the cash discount. How much would Janet save? (Use 360 days a year. Round your answer to the nearest cent.) Janet's savings $
b. On the computer, what is the difference in the final payment between choices 1 and 2? (Round your answer to the nearest cent.) Difference final payment
Answer:
Janet Foster
a. Janet could save $12.44 on the printer by borrowing $800 to take advantage of the cash discount.
b. On the computer, the difference in the final payment between choices 1 and 2 is $197.
It is advisable for Janet to choose the first option.
Explanation:
a) Data and Calculations:
Printer:
List price of printer = $900
Trade discount = 100
Purchase cost = $800
Cash discount terms = 2/10, n/30
Cash discount = $16 ($800 * 2%)
Interest on loan to purchase printer = $3.56 ($800 * 8% * 20/360)
Savings if loan is borrowed = $12.44 ($16 - $3.56)
Computer:
List price = $4,060
Trade discount = 25% or $1,015 ($4,060 * 25%)
Purchase cost = $3,045
Payment options:
1) = $160 * 17 months = $2,720
Balance on 18th month 325
Total payment = $3,045
2) = Payment with 8% interest for 18 months equal payment = $180.08
From an online financial calculator:
N (# of periods) 18
I/Y (Interest per year) 8
PV (Present Value) $3,045
FV (Future Value) 0
P/Y (# of periods per year) 12
C/Y (# of times interest compound per year) 12
PMT made at the end of each period
Results
PMT = $180.08
Sum of all periodic payments $3,241.48
Total Interest $196.48
Difference in final payment:
Choice 1 , total payment = $3,045
Choice 2, total payment = $3,242
Difference in final payment = $197