Answer:
The responses to this question can be defined as follows:
Explanation:
Software device designers and landowners should take good care to guarantee whether their area of development is properly protected inside the scope of intellectual property in the quick and extremely competitive technology sector. After all, advanced, interconnected problems involving the convergence of copyright, trademark, company name, and trade secret legislation are protected by the security software scheme.
IT administrators/organizations face copyright problems
Software device functionality or options: copyright does not cover definitions of computer tools and capabilities nor does it cover interfaces. That's why competitors will create a very similar software application that can't be assumed to have violated violations, ciao so because the software system has its own ASCII text file.
Even so, ideas about roles and choices for software applications may well be covered underneath the law. The software system technically could be patented in the Asian world, but in some nations, in conjunction with both the United States. It way is also followed by Asian countries as attached equipment or devices of innovative functions and incredible steps would be deemed patentable under thai law, nevertheless, this unit of such a field is talking about an item by item.
Source code: Typically, the ASCII text is secret untouched and simply revealed when the program has also been publicly released. Throughout the absence of a folder of ASCII text underneath the security protocols, secret law should cover all who accurately reveal, deprive or use corporate data of another party while also not consenting to another party.
Copyright ownership: Except as otherwise agreed in writing, the ownership of the software application created by affiliated workers is owned by the worker under a related arrangement.
This same commission group will, but on the other hand, be accountable for copyright for both the software system developed underneath a service agreement. Designers and their representatives for independent candidates could, nevertheless, accept that perhaps the developers own all the rights to the copyright.
License agreements: Whenever the customer needs a software application to supply an ASCII word document, both parties must clarify whether or not the customer needs this same ASCII text file to be provided, and whether the software state requires to be modified or updated.
This could be substantially different from a licensing deal as a consequence of a computer device sales contract or a similar arrangement for granting copyright to an ASCII text file.
In the case that the entities agree with a software system license agreement that requires the ASCII text file to be revealed for customization and/or the system change, the programmer may adopt a requirement that perhaps the consumer is to remain confidential with both the ASCII text file. Software licensing terms do not prevent landowners from granting alternative groups licenses.
Exclusive license: The software system can be used solely by the dealer. This is not permitted to be used by the licensee and no extra permits can be granted.
The only lease: the software system can only be used by the retailer. A licensor decides not to issue permits and licenses but maintains their right to use the software application.
License not exclusive: the copyright holder could concurrently issue multiple users licenses and even the user could use the software framework.
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.
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.
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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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.
Which type of law controls the operation and procedures of government
agencies?
A. Statutory
B. International
C. Regulatory
D. Constitutional
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.
A water bottle manufacturer plant uses a three-step procedure to produce each unit of bottled water. The first step, casting, which uses 35 labor hours to operate the furnace. The second step, quenching, which uses 35 labor hours, and the final step, dispatch, uses 70 labor hours. If the factory produces 14,000 bottles, than the productivity of labor is equal to:
Answer: 100 bottles per labor hour
Explanation:
To solve this question, we need to first calculate the number of labor hours used. This will be:
= 35 + 35 + 70
= 140 labor hours
Since the total number of bottles produced by the factory is 14000 bottles, then the productivity of labor will be equal to:
= Total production / Total labor hours .
= 14000 / 140
= 100 bottles per labor hour
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
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.
Income from installment sales of properties included in pretax accounting income in 2021 exceeded that reported for tax purposes by $7 million. The installment receivable account at year-end 2021 had a balance of $8 million (representing portions of 2020 and 2021 installment sales), expected to be collected equally in 2022 and 2023. Sherrod was assessed a penalty of $2 million by the Environmental Protection Agency for violation of a federal law in 2021. The fine is to be paid in equal amounts in 2021 and 2022. Sherrod rents its operating facilities but owns one asset acquired in 2020 at a cost of $112 million. Depreciation is reported by the straight-line method, assuming a four-year useful life. On the tax return, deductions for depreciation will be more than straight-line depreciation the first two years but less than straight-line depreciation the next two years ($ in millions):
Answer:
1. Taxable income = $76 million
2. Net income = $65.25 million
3-a. Net current Deferred Tax Asset = $1.95 million
3-b. Net current Deferred Tax Liability = $6.25 million
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation of the answers I now provided as follows:
1. Determine the amounts necessary to record income taxes for 2021, and prepare the appropriate journal entry.
1-a. Note: See the attached excel file for the determination of the amounts necessary to record income taxes for 2021 and the taxable income.
From the attached excel file, we have:
Taxable income = $76 million
1-b. The journal entries will look as follows:
Details Debit ($'m) Credit ($'m)
Tax expense (6.75 + 19 - 3) 22.75
Deferred tax asset (25% * (1 + 13 - 2)) 3.00
Deferred tax liability (25% * (7 + 20)) 6.75
Tax payable (25% * 76) 19.00
(To record tax expense.)
2. What is the 2021 net income?
This can be determined as follows:
Net income = Pretax accounting income - Tax expense = $88 million - $ 22.75 million = $65.25 million
3. Show how any deferred tax amounts should be classified and reported in the 2021 balance sheet.
3-a. The deferred tax amounts should be classified as follows.
From installment receivable in point (a) in the question:
Current deferred tax liability in 2022 (25%* ($4 / 2)) = $1
Noncurrent deferred tax liability in 2023 (25%* ($4 / 2)) = $1
From the depreciation in point (c.) in the question:
Noncurrent deferred tax liability (25%* ((24 + 24) - (14 + 7))) = $6.75
From the Warranty Expense/Payable in point (d.) of the question:
Current deferred tax asset (40%* 3) = $1.20
From the Acrrued Expense/Payable in point (e.) of the question:
Current deferred tax asset (25%* 7) = $1.75
Noncurrent deferred tax liability (25% * $6) = $1.50
3-b. These will be reported reported in the 2021 balance sheet as follows:
Sherrod, Inc.,
Balance Sheet (Partial)
As the Year Ended 31 December, 2021
Details $'Million
Assets:
Current Deferred Tax Asset (1.20 + 1.75) 2.95
Current Deferred Tax Liability -1.00
Net current Deferred Tax Asset 1.95
Liabilities:
Noncurrent Deferred Tax Asset (A) 1.50
Noncurrent Deferred Tax Liabiity (1.0 + 6.75) (B) 7.75
Net current Deferred Tax Liability (C = B - A) 6.25
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
Smith Company makes jars of homemade strawberry jam. Each jar is priced at $6.00 per unit. The costs of the ingredients to make each jar are $2.00. The containing jar itself costs $1.00. The company has monthly expenses of $2,000 for rent and insurance, $300 for heat and electricity, and $5,000 in monthly salary expenses. Last month the company sold 3,000 jars. What is the UNIT VARIABLE COST per jar
Answer:
Total variable cost= $1.97
Explanation:
Giving the following information:
The cost of the ingredients to make each jar is $2.00.
The containing jar itself costs $1.00.
$300 for heat and electricity
$5,000 in monthly salary expenses.
Generally, the salary expense and electricity are mixed costs (fixed and variable components). In this case, we will treat them as a full variable cost.
Unitary Electricity= 300 / 3,000= $0.1
Unitary direct labor= 5,000 / 3,000= $1.67
Now, the total variable cost:
Total variable cost= 2 + 1 + 0.1 + 1.67
Total variable cost= $1.97
where q is the quantity of bicycles produced. When calculating the marginal revenue and marginal profit in this problem, use the approach given for the marginal cost and marginal revenue in the discussions in your textbook. a) If the fixed cost in producing the bicycles is $2800, find the total cost to produce 30 bicycles. Answer: $ 4718.9869 equation editorEquation Editor b) If the bikes are sold for $200 each, what is the profit (or loss) on the first 30 bikes
Question Completion
A manufacturer of mountain bikes has the following marginal cost function:
C(q)=600/(0.7q+5)
Answer:
a. The total cost = $3,492.40
b. The profit on the first 30 bikes is:
= $2,507.60
Explanation:
a) Data and Calculations:
Fixed cost for producing the bicycles = $2,800
Number of bicycles produced = 30
Selling price per bike = $200
Marginal cost (C(q)) =600/(0.7q+5)
= 600/ (0.7*30 + 5)
= 600/ (21 + 5)
= 600/26
= $23.08
Total cost = Fixed cost + (C(q))
= $2,800 + $23.08 * 30
= $2,800 + $692.40
= $3,492.40
Profit:
Sales revenue $6,000 ($200 * 30)
Less Total cost 3,492.40
Profit = $2,507.60
Stephen Company had the following partial list of account balances at year-end: Accounts Receivable: $9,000 Cost of Goods Sold: $34,100 Sales Revenue: $57,200 Accounts Payable: $7,500 Sales Discounts: $1,600 Merchandise Inventory: $5,900 Operating Expenses: $8,400 Sales Returns and Allowances: $4,300 The amount of Gross Profit shown on the income statement would be: A) $ 26,200 B) $ 8,800 C) $ 17,200 D) $ 8,200 E) $ 11,300
Answer:
The correct option is C) $17,200.
Explanation:
The amount of Gross Profit shown on the income statement can be calculated as follows:
Net sales revenue = Sales Revenue - Sales Discounts - ales Returns and Allowances = $57,200 - $1,600 - $4,300 = $51,300
Gross profit = Net sales revenue - Cost of Goods Sold = $51,300 - $34,100 = $17,200
Therefore, the correct option is C) $17,200. That is, the amount of Gross Profit shown on the income statement would be $17,200.
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
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.
Which of the following statements is CORRECT?
a. A 10-year coupon bond would have more price risk than a 5-year coupon bond, but all 10-year coupon bonds have the same amount of price risk.
b. A zero coupon bond of any maturity will have more price risk than any coupon bond, even a perpetuity.
c. If their maturities and other characteristics were the same, a 5% coupon bond would have more price risk than a 10% coupon bond.
d. A 10-year coupon bond would have more reinvestment risk than a 5-year coupon bond, but all 10-year coupon bonds have the same amount of reinvestment risk.
e. If their maturities and other characteristics were the same, a 5% coupon bond would have less price risk than a 10% coupon bond.
Answer: c. If their maturities and other characteristics were the same, a 5% coupon bond would have more price risk than a 10% coupon bond.
Explanation:
Price risk of a bond is the risk that the bond changes price or rather the degree of price volatility. Bond prices change in reaction to market interest rates with higher rates meaning lower prices and lower rates meaning higher prices.
When the market interest rates rise above the Coupon on a bond, the bond price will fall below par and when the interest rates are below the coupon, the bond will be above par.
A 5% coupon bond will be more prone to changes in prices because market interest rates are generally low and fluctuate below 10% which means that they will affect the 5% bond more than the 10% because there are better chances of rates rising above or falling below 5% than there are of 10%.
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
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.
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
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
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
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
The answer should be C. Bc clip art can have text illustrations etc!
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
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
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
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.....
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.
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