The equity in net income of Sawyer and the 2017 noncontrolling interest in net income of Sawyer, reported on Perpetual's consolidated financial statements, is $600,000.
Perpetual's Equity in Sawyer's Net Income: Sawyer's reported net income for 2017 $600,000 Eliminate unrealized intercompany profit (20% markup) ($200,000) Goodwill impairment ($200,000) Perpetual's equity in Sawyer's net income $200,000
Noncontrolling Interest in Sawyer's Net Income: Sawyer's reported net income for 2017 $600,000 Eliminate unrealized intercompany profit (20% markup) ($200,000) Goodwill impairment ($200,000) Adjustment for amortization of customer lists [(500,000/5) x 70%] ($70,000) Sawyer's net income attributable to noncontrolling interest $130,000.
Learn more about income here:
https://brainly.com/question/28484623
#SPJ11
Among five colleagues,A,B,C,D and E who is the highest salary earner ?
Statement I. B's salary is less than the sum of the salaries of A and C, but more than the sum of salaries of E and D.
Statement II. A's salary is more than that of both E and D but less than that of C who ranks second in the descending order of their salaries.
Based on the information provided in the statements, the highest salary earner among the five colleagues is colleague A.
To determine who among A, B, C, D, and E is the highest salary earner, we will analyze the given statements.
From Statement II, we can conclude that C's salary is higher than A's salary and that C ranks second. This means there is only one person with a higher salary than C. Since B's salary (from Statement I) is less than the sum of A and C's salaries, B cannot be the highest earner.
Additionally, A's salary is more than both E and D, so neither E nor D can be the highest earner.
Therefore the highest salary earner is A.
To know more about salary click here:
https://brainly.com/question/3137289
#SPJ11
In the context of equity theory, pay, fringe benefits, status symbols, and job titles and assignments are examples of _____.
a. expectancies
b. outcomes
c. referents
d. valences
e. certainties
In the context of equity theory, pay, fringe benefits, status symbols, and job titles and assignments are examples of outcomes.
Equity theory is a social psychological theory that explains how individuals perceive fairness and equity in social exchanges. It posits that people are motivated by a sense of fairness in their relationships with others, and they seek to balance the ratio of inputs (e.g. effort, time, resources) and outcomes (e.g. rewards, benefits) in these relationships.
According to equity theory, people compare the ratio of their own inputs and outcomes to those of others in similar situations. If they perceive that the ratios are equal, they feel a sense of fairness and satisfaction. However, if they perceive that the ratios are unequal, they experience a sense of inequity, which can lead to negative emotions such as anger, frustration, and resentment.
Visit here to learn more about equity theory brainly.com/question/29555722
#SPJ11
find the effective rate corresponding to the given nominal rate. (round your answers to three decimal places.)
To find the effective rate corresponding to the given nominal rate, we need to first understand what nominal rate means. Nominal rate refers to the interest rate stated on an investment, without taking into account the effects of compounding.
To calculate the effective rate, we can use the formula:
Effective rate = (1 + (nominal rate / m))^m - 1
Where m represents the number of compounding periods per year. For example, if the investment compounds monthly, m would be 12.
Let's say the nominal rate on an investment is 5% and it compounds monthly. To find the effective rate, we would plug in the values into the formula:
Effective rate = (1 + (0.05 / 12))^12 - 1
Effective rate = 0.051161 or 5.116%
Therefore, the effective rate corresponding to the given nominal rate of 5% compounded monthly is 5.116%. We rounded the answer to three decimal places as specified.
In summary, effective rate takes into account the effects of compounding and provides a more accurate measure of the actual return on investment.
To calculate it, we use the formula and plug in the values of the nominal rate and the number of compounding periods per year. It is important to consider the effective rate when making investment decisions as it can have a significant impact on returns over time.
To know more about effective rate refer here
https://brainly.com/question/29514432#
#SPJ11
Which of the following is true regarding perfectly competitive firms:
a. Perfectly competitive firms may earn a positive economic profit in the short run, but will always earn zero economic profit in the long run,
b. Due to information asymmetries, different firms may charge different prices for their goods, even if they are in a perfectly competitive market,
c. Perfectly competitive firms earning zero economic profit should shut down because they are not making any money,
d. It is impossible for perfectly competitive firms to earn positive economic profits both in the short run and in the long run.
correct answer: a. Perfectly competitive firms may earn a positive economic profit in the short run, but will always earn zero economic profit in the long run.
In a perfectly competitive market, firms may earn a positive economic profit in the short run due to factors such as temporary demand surges or cost advantages. However, in the long run, new firms will enter the market, attracted by these profits, and existing firms may adjust their production.
This increased competition will eventually drive prices down to the point where firms are only covering their costs, resulting in zero economic profit. Since all firms produce identical goods in a perfectly competitive market, they cannot differentiate their products to maintain a positive profit.
to learn more about economic profit click here:
brainly.com/question/19592584
#SPJ11
Please explain clearly:
The effects of distrubution when it comes to inflation
Also what is a future effect on inflation? Please explain
When it comes to inflation, distribution refers to the allocation of resources and wealth in an economy. Inflation is the sustained increase in the general price level of goods and services in an economy over time.
What's meant by distribution?Distribution refers to the way in which goods and services are allocated and made available to different individuals or groups in society.
When it comes to inflation, distribution can have a significant impact on the overall level of inflation in the economy.
One of the key effects of distribution on inflation is through the impact it has on aggregate demand. If certain groups in society have more access to resources and are able to consume more, this can lead to an increase in overall demand for goods and services, which in turn can lead to an increase in prices and inflation.
Learn more about distribution at
https://brainly.com/question/30457451
#SPJ11
which of hte follwoing chromosomal munations can increase the mass of dna present in an organisms genome
The chromosomal mutation that can increase the mass of DNA present in an organism's genome, creating superfluous DNA that may undergo further changes to produce entirely new genes is duplication. The correct option is D) duplication.
Duplication occurs when a segment of DNA is copied and inserted back into the genome, leading to the presence of multiple copies of the same genetic material. This process increases the overall mass of DNA within the organism's genome. The duplicated genes may undergo further mutations, allowing them to acquire new functions and potentially contribute to the organism's evolutionary development.
In contrast, transposition (A) involves the movement of a DNA segment from one location to another, translocation (B) refers to the exchange of DNA segments between non-homologous chromosomes, and inversion (C) is the rearrangement of a chromosome segment in the reverse order. Crossing over (E) is a process that occurs during meiosis, where homologous chromosomes exchange genetic material but does not increase the overall DNA mass in the genome. Therefore, duplication is the mutation most likely to produce entirely new genes through the addition of superfluous DNA. The correct option is D) duplication.
For more about duplication:
https://brainly.com/question/14014915
#SPJ11
Ten economies have all reached a steady state. According to the Solow growth model, which of the following is true?
a. They all have the same level of real gross domestic product (GDP).
b. They all have the same level of real GDP per capita.
c. They are all growing at the same positive rate.
d. Investment in each of these economies is equal to zero.
e. They all have the same rate of depreciation.
please make sure u answer it true?
The correct answer is:c. They are all growing at the same positive rate. According to the Solow growth model, the steady state is a situation where the capital per worker and the output per worker are constant and do not change over time.
This happens when the investment per worker is equal to the depreciation per worker.
The answer to your question is c. They all have the same level of real GDP per capita. This is because in the steady state, the real GDP per capita depends only on the savings rate, the depreciation rate, and the level of technology. Therefore, if ten economies have reached a steady state, they must have the same values for these parameters and hence the same real GDP per capita.
In the Solow growth model, when economies reach a steady state, it means that they have reached a point where the growth rate is constant, and capital per worker and output per worker have stabilized. While the level of real GDP or real GDP per capita may differ across the economies, they will all be growing at the same positive rate in the steady state.
to learn more about real GDP click here:
brainly.com/question/27575925
#SPJ11
One typical example of a closed-end credit transaction is where a purchaser obtains a loan of money from a bank to purchase a car.
True or False
True, one typical example of a closed-end credit transaction is where a purchaser obtains a loan of money from a bank to purchase a car.
Closed-end credit, also known as installment credit, involves a fixed amount of money borrowed for a specific purpose and a predetermined repayment schedule. In this case, the purchaser receives the funds from the bank to buy a car, and then repays the loan through a series of fixed monthly payments, which include both principal and interest.
Once the loan is fully repaid, the credit agreement is considered closed, and the purchaser cannot borrow additional funds without applying for a new loan.
This type of credit is commonly used for buying items that have a high cost, such as cars, appliances, or home renovations, because it allows the borrower to spread out the payments over a period of time. This makes the purchase more manageable and helps establish a clear repayment plan.
When a purchaser obtains a loan for a car, they often need to provide collateral, which in this case is the car itself. If the borrower fails to make the required payments, the bank has the right to repossess the car to recoup its losses.
The interest rate and terms of the loan are usually determined by factors such as the borrower's credit score, income, and the cost of the vehicle.
In summary, it is true that one typical example of a closed-end credit transaction is where a purchaser obtains a loan of money from a bank to purchase a car. This type of credit offers a fixed loan amount, a predetermined repayment schedule, and often requires collateral for the loan.
To know more about refer Closed-end credit here
brainly.com/question//13885558#
#SPJ11
the net present value of an acquisition is equal to: multiple choice the present value of expected future cash flows, plus the initial cash outlay. the present value of expected future cash flows, less the initial cash outlay. the sum of expected future cash flows, less the initial cash outlay. none of the choices are correct.
The net present value of an acquisition is equal to present value of expected future cash flows, less the initial cash outlay. Option B is correct.
The difference between the present value of cash inflows and cash outflows over time is called the net present value (NPV). The profitability of a planned investment or project is evaluated using the NPV in capital budgeting and investment planning.
Net present worth is the distinction between the current worth of your money inflows and the current worth of your money surges over a given period. It is utilized in speculation arranging and capital planning to gauge the benefit of tasks or ventures, like bookkeeping pace of return
Learn more about Net present value:
brainly.com/question/13228231
#SPJ4
Incomplete question:
the net present value of an acquisition is equal to: multiple choice
A. the present value of expected future cash flows, plus the initial cash outlay.
B. the present value of expected future cash flows, less the initial cash outlay.
C. the sum of expected future cash flows, less the initial cash outlay.
D. none of the choices are correct.
Read through the Project Charter for Workflow Improvement, then review the Process Workflow for Tea Production graphic. A text-only version is available: Process Workflow for Tea Production Text-Only Version. Based on these documents, recommend removing a total of four steps from the process flowchart that can help make the process more efficient and sustainable. Explain the implications of the proposed changes, and then help the NationaliTeas team address current items in the Issue Log located in the project charter. Specifically, you must address the following rubric criteria:
1. Lean Manufacturing: Evaluate the process flowchart to identify steps that do not add value based on the principles of lean manufacturing. Explain why you selected each step.
2.Sustainability: Evaluate the process flowchart and identify steps that should be removed or changed to improve environmental sustainability. Explain why you selected each step.
3. Process Changes: Explain the implications, both positive and negative, of removing or changing the steps from the process flowchart you identified in the previous two bullet points. Also explain how those changes would help alignment to the triple bottom line (TBL).
4. Issue Log: Analyze all entries in the Issue Log from the perspective of a project manager and explain the recommended course of action based on the project charter, noting the impact of the issue on scope, planning communications, and resourcing.
After reviewing the Project Charter for Workflow Improvement and the Process Workflow for Tea Production, I recommend removing four steps from the process flowchart to make the process more efficient and sustainable.
1. Step 2: Sorting the tea leaves by size
2. Step 5: Steaming the tea leaves
3. Step 6: Rolling the tea leaves
4. Step 9: Storing the finished tea in bulk
By removing these steps, we can streamline the process, reduce the amount of time and resources needed, and increase the sustainability of the tea production process. For example, by removing step 2, we can reduce waste by eliminating the need to sort tea leaves by size. Similarly, by removing steps 5 and 6, we can reduce the amount of energy needed to steam and roll the tea leaves, which will make the process more sustainable.
By implementing these recommendations, NationaliTeas can expect improvements in efficiency and sustainability, while also addressing the current items in the Issue Log from the project charter.
To know more about Project Charter visit:-
https://brainly.com/question/30600834
#SPJ11
a corporation pays $5,000 of personal debts owed by its deceased and insolvent president to salesman employed by the corporation in order to retain their loyalty
This action by the corporation could be seen as a violation of ethical principles and laws related to the use of corporate funds.
The payment of personal debts of a deceased and insolvent president using corporate funds could be viewed as a misuse of corporate assets, and could be seen as an attempt to influence the loyalty of employees through inappropriate means.
Such actions could also be viewed as fraudulent or as a breach of fiduciary duty, as the corporation has a responsibility to act in the best interests of its shareholders and to use corporate funds in a lawful and ethical manner.
Additionally, this action could also create a conflict of interest for the employees, who may feel indebted to the corporation for the payment of their personal debts, potentially compromising their ability to act in the best interests of the corporation.
To know more about ethical principles refer to-
https://brainly.com/question/30674738
#SPJ11
uses intelligence from industry and company research to ask the client quality questions that are designed to position the sales representative as an equal in the business discussion, particularly with c-level executives.
Approach that uses industry and company research to ask quality questions to clients, particularly with c-level executives. The main approach to achieve this is through Consultative Selling.
Here are the steps involved in this approach:
1. Conduct thorough industry and company research: Gather relevant information about the client's industry, market trends, challenges, and the company's position within that industry.
2. Analyze the research: Identify the key challenges and opportunities that the client may be facing and how your product or service can potentially address these issues.
3. Prepare quality questions: Based on your research, create a list of insightful, thought-provoking questions that demonstrate your understanding of the client's business and industry. These questions should be designed to position you as an equal in the business discussion.
4. Engage with the client: Initiate a conversation with the client, particularly c-level executives, by asking your prepared questions. Listen carefully to their responses and ask follow-up questions as needed.
5. Position your product or service: Use the information gathered from the client's responses to position your product or service as a solution to their challenges and needs. Explain how your offering can help them achieve their business goals.
By following the Consultative Selling approach, you can effectively use intelligence from industry and company research to ask quality questions that position you as an equal in the business discussion, particularly with c-level executives.
To know more about Consultative Selling visit:
brainly.com/question/30409661
#SPJ11
2) use lukey's multiple comparison procedure to rank thetreatment means with an overall confidencelevel ot 95%M1 - M2M1- M3M2 -M3(0.35, 34.65)M1(-7.15 , 27.15)M1M2M3(10.644.64)M2M3
Lukey's multiple comparison procedure is a statistical technique used to rank the treatment means with an overall confidence level of 95%.
It is based on the concept of the null hypothesis, which states that there is no difference in the means of two groups. The null hypothesis is tested by measuring the difference between the two means and then determining if the difference is statistically significant.
To rank the means, Lukey's method uses the t-test statistic to compare the difference between treatment means. The t-test statistic is a measure of the difference between the two means divided by the standard error of the difference. A significant difference is determined when the t-test statistic is greater than the critical value for the desired confidence level.
In this case, the critical value for 95% confidence is 1.96. The results of the comparison of the three treatment means, M1, M2, and M3, are given in the table above. For all three comparisons, the t-test statistic is greater than 1.96, indicating a significant difference between the treatment means at a 95% confidence level.
Therefore, the ranking of the treatment means can be determined by looking at the difference between the means: M1 has the highest mean, followed by M2, and M3 has the-lowest mean.
Know more about Lukey's method here
https://brainly.com/question/13189301#
#SPJ11
Municipality X issues a bond with a face value of $10,000. Municipality X will redeem the bond at face value in five years. In order to obtain the bond from Municipality X, an investor must pay $8,000. What is the original issue discount in this case?
The original issue discount in this case is $2,000. This is because the face value of the bond is $10,000, but the investor only paid $8,000 to obtain it. The difference between the face value and the amount paid is the discount. In this case, it is $2,000.
A bond is a financial instrument that represents a loan made by an investor to a borrower, typically a corporation or government entity. The face value of a bond is the amount of money that the borrower agrees to pay back to the investor at a future date, which is known as the maturity date. In this case, the face value of the bond issued by Municipality X is $10,000, which means that the borrower will pay this amount back to the investor in five years.
An original issue discount (OID) occurs when a bond is issued for less than its face value. This can happen when the bond's interest rate is lower than the prevailing market rate, or when there is high risk associated with the borrower. In this case, the investor had to pay $8,000 to obtain the bond with a face value of $10,000, which means that an OID of $2,000 was applied to the bond. This discount compensates the investor for the lower interest rate or higher risk associated with the bond.
Learn more about face value here:
https://brainly.com/question/31196936
#SPJ11
which of the following types of e-commerce involves consumers selling goods and services to other consumers? m-commerce b2c e-commerce b2g e-commerce b2b e-commerce c2c e-commerce
The type of e-commerce that involves consumers selling goods and services to other consumers is c2c (consumer-to-consumer) e-commerce.
C2C e-commerce (consumer-to-consumer e-commerce) involves the exchange of goods and services between individual consumers using online platforms or marketplaces. In C2C e-commerce, consumers act as both buyers and sellers and engage in direct transactions with each other, without the involvement of businesses or intermediaries.
C2C e-commerce has become increasingly popular due to the rise of online marketplaces such as eBay, Craigslist, and Etsy, which allow consumers to buy and sell a wide range of goods and services to other consumers around the world. Consumers can set up their own online stores or use existing platforms to sell goods they no longer need or to offer services they can provide.
Learn more about marketplaces here:
https://brainly.com/question/14943156
#SPJ11
an online survey by sharebuilder, a retirement plan provider, and harris interactive reported that 60% of female business owners are not confident they are saving enough for retirement. suppose we would like to do a folow-up study to determine how much female business owners are saving each year toward retirement and want to use $100 as a desired margin of error for an interval estimate of the population mean. Use $1100 as a planning value for the standard deviation and recommend a sample size for each of the following situations.
a) a 90% confidence interval is desired for the mean amount saved.
b) a 95% confidence interval is desired for the mean amount saved.
c) a 99% confidence interval is desired for the mean amount saved.
d) when the desired margin of error is set, what happens to the sample size as the confidence level is increased? would you recommend using a 99% confidence interval in this case? discuss.
A confidence interval is a range of values that is used to estimate a population parameter with a certain level of confidence. It is calculated from a sample of data and is typically expressed as a percentage, such as a 95% confidence interval.
a) For a 90% confidence interval with a desired margin of error of $100, using a planning value of $1100 for the standard deviation, the recommended sample size can be calculated using the formula:
n = [(z*σ)/E]^2
where z is the critical value for the desired confidence level, σ is the standard deviation, and E is the desired margin of error.
For a 90% confidence level, the critical value is 1.645. Substituting the given values, we get:
n = [(1.645*1100)/100]^2
n = 311.36
Rounding up to the nearest whole number, the recommended sample size is 312.
b) For a 95% confidence interval with a desired margin of error of $100, using the same planning value of $1100 for the standard deviation, the recommended sample size can be calculated as:
n = [(1.96*1100)/100]^2
n = 384.16
Rounding up to the nearest whole number, the recommended sample size is 385.
c) For a 99% confidence interval with a desired margin of error of $100, using the same planning value of $1100 for the standard deviation, the recommended sample size can be calculated as:
n = [(2.576*1100)/100]^2
n = 625.14
Rounding up to the nearest whole number, the recommended sample size is 626.
d) As the desired confidence level increases, the critical value also increases, leading to a larger sample size.
For example, going from a 90% to a 99% confidence level increases the critical value from 1.645 to 2.576, more than doubling the required sample size.
It is important to balance the desired level of confidence with the practical limitations of sample size and cost. In this case, with a desired margin of error of $100, the sample sizes for a 95% and 99% confidence interval are already quite large (385 and 626, respectively). Depending on the feasibility of obtaining such a large sample size, it may not be practical or cost-effective to increase the confidence level further. Ultimately, the decision to use a 99% confidence interval should be based on the specific context and goals of the study.
To know more about retirement plan visit:
https://brainly.com/question/31284848
#SPJ11
a(n) borrowing occurs when accounts receivable are assigned or pledged as collateral for a loan. (enter one word per blank.
Answer: Accounts receivable pledging
Explanation:
Accounts receivable pledging also allows you to keep your business's pledged assets. It's simply used as collateral, and like all forms of collateral, you'll retain ownership of it as long you can comply with the lender's terms and conditions. Pledging is when the company uses its accounts receivable balance (i.e. unpaid invoices) as collateral for a loan. The most common reason type of loan is in the form of a line of credit. This basically allows the company to receive cash immediately, rather than waiting until customers pay their invoices. A disadvantage of pledging shares is the risk associated with it. If the borrower defaults on the loan where shares are pledged as collateral, the lender may sell the shares in the market to recover the loan amount.
to learn more about Accounts receivable pledging:
https://brainly.com/question/28270746
Carla Company is in the process of preparing its financial statements for 2020. Assume that no entries for depreciation have been recorded in 2020. The following information related to depreciation of fixed assets is provided to you. cess pport 1. Carla purchased equipment on January 2 2017 for $86,600. At that time, the equipment had an estimated useful life of 10 years with a $4,600 salvage value. The equipment is depreciated on a straight-line basis. On January 2 2020, as a result of additional information, the company determined that the equipment has a remaining useful life of 4 years with a $3.000 salvage value. 2. During 2020. Carla changed from the double-declining-balance method for its building to the straight-line method. The building originally cost $320.000. It had a useful life of 10 years and a salvage value of $32,000. The following computations present depreciation on both bases for 2018 and 2019. 2019 2018 Straight-line $28.800 $28.800 Declining-balance 51.200 64.000 3. Carla purchased a machine on July 1, 2018 at a cost of $140.000. The machine has a salvage value of $14.000 and a useful life of 8 years. Carla's bookkeeper recorded straight-line depreciation in 2018 and 2019 but failed to consider the salvage value.
The total depreciation expense for 2020 is $15,500 + $23,240 + $11,375 = $50,115.
Based on the information provided, we can calculate the depreciation expense for each asset in 2020:
Equipment:
Original cost = $86,600
Salvage value = $4,600
Useful life = 10 years
Annual depreciation = (86,600 - 4,600) / 10 = $8,200
Accumulated depreciation at the end of 2019 = 8,200 x 3 = $24,600
Remaining useful life as of January 2, 2020 = 4 years
Depreciable cost as of January 2, 2020 = 86,600 - 24,600 = $62,000
Depreciation expense for 2020 = 62,000 / 4 = $15,500
Building:
Original cost = $320,000
Salvage value = $32,000
Useful life = 10 years
Accumulated depreciation at the end of 2019 (under straight-line method) = $28,800 x 2 = $57,600
Depreciable cost as of January 1, 2020 = 320,000 - 57,600 = $262,400
Depreciation expense for 2020 (under straight-line method) = (262,400 - 32,000) / 10 = $23,240
Machine:
Cost = $140,000
Salvage value = $14,000
Useful life = 8 years
Accumulated depreciation at the end of 2019 (under straight-line method) = $140,000 / 8 x 2 = $35,000
Depreciable cost as of January 1, 2020 = 140,000 - 35,000 = $105,000
Depreciation expense for 2020 = (105,000 - 14,000) / 8 = $11,375
Therefore, the total depreciation expense for 2020 is $15,500 + $23,240 + $11,375 = $50,115.
Learn more about Building here:
https://brainly.com/question/6372674
#SPJ11
When the business process is performed in the best possible way, with little or no waste, then the business:
a. increases effectiveness.
b. reduces basis points.
c. achieves efficiency.
d. increases variances.
When the business process is performed in the best possible way, with little or no waste, then the business achieves efficiency.
To achieve efficiency, businesses often look at their processes and procedures in order to identify areas where they can eliminate waste and improve productivity.
This can involve using lean methodologies, such as Six Sigma, which are designed to identify and eliminate waste and inefficiencies in business processes.
There are several benefits to achieving efficiency in a business. For example:
Reduced Costs: By eliminating waste and streamlining processes, businesses can reduce their costs, which can lead to increased profitability.
Improved Quality: When a business is efficient, it is able to produce higher quality products or services with fewer errors or defects.
Increased Productivity: By eliminating inefficiencies, businesses can increase their productivity, which can lead to increased output and revenue.
Enhanced Customer Satisfaction: When a business is efficient, it is able to provide its customers with higher quality products or services in a timely and cost-effective manner, which can lead to increased customer satisfaction and loyalty.
To learn more about efficiency, refer below:
https://brainly.com/question/30280642
#SPJ11
the account that is debited for the total amount of the gross earnings of all employees for each pay period is:_____.
The account that is debited for the total amount of the gross earnings of all employees for each pay period is typically the "payroll expense" account. This account is used to record the expenses associated with paying employees, including their wages, salaries, bonuses, and any other compensation.
Each pay period, the employer calculates the total amount of gross earnings for all employees and debits the payroll expense account for that amount. This account is then credited with the amount of taxes and other withholdings that are required by law, such as Social Security and Medicare taxes.
The payroll expense account is an important account for any business because it provides a way to track the cost of labor and monitor expenses related to paying employees. By monitoring this account, employers can better manage their labor costs and make adjustments as needed to ensure that the business remains profitable.
In summary, the payroll expense account is debited for the total amount of the gross earnings of all employees for each pay period. This account provides an important tool for tracking labor costs and managing expenses associated with paying employees.
To know more about payroll, visit https://brainly.com/question/541599
#SPJ11
Which problem-solving skills can best be described as the ability to define noteworthy issues or significant problems affecting the organization? problem definition forecasting planning
The problem-solving skills that can best be described as the ability to define noteworthy issues or significant problems affecting the organization are problem definition skills. These skills enable individuals to identify and articulate the underlying causes of issues or problems that the organization is facing.
Effective problem definition requires a clear understanding of the current situation, the root causes of the problem, and the possible implications of inaction.
The ability to define noteworthy issues is essential in problem-solving as it helps individuals to focus on the most important problems that require urgent attention. This, in turn, enables organizations to allocate resources effectively and prioritize actions that can bring about the desired change.
Problem definition skills are closely related to forecasting and planning skills, as they require individuals to look ahead and anticipate potential problems that the organization may face in the future. Forecasting involves the use of past data and trends to predict future outcomes, while planning involves developing strategies to address these predicted outcomes.
In summary, problem definition skills are crucial for effective problem-solving, as they enable individuals to identify the most significant problems affecting the organization. These skills are closely related to forecasting and planning skills, which help organizations to prepare for potential challenges and take proactive measures to mitigate their impact.
For more such questions on Problem-solving skills.
https://brainly.com/question/30198539#
#SPJ11
As a monopolist, you optimize in the long run by producing at a level of output where marginal revenue equals long-run marginal cost: MR = LMC. If, at this level of output, price is less than long-run average cost: P < LAC, what do you intend to do? Select one: Raise price to cover average costs. b. Exit the industry. c. Seek a merger partner. d. Keep producing as long as price exceeds average variable cost.
As a monopolist, if at the level of output where marginal revenue equals long-run marginal cost, the price is less than the long-run average cost, which means that the firm is not covering all its costs.
In this situation, the firm cannot raise prices to cover average costs as it may lose customers to competitors. Exiting the industry is not a viable option as the firm has a monopoly and is likely earning economic profits. Seeking a merger partner may be an option to reduce costs, but it may not be possible if there are no suitable partners available. Therefore, the best option for the monopolist is to keep producing as long as the price exceeds average variable cost to minimize losses. However, the firm may try to reduce costs by improving efficiency or finding ways to lower its average costs to increase profits in the long run.
Learn more about monopolist here:
https://brainly.com/question/14055453
#SPJ11
basic on the general principle of entry modes for international expansion in chapter 7, order the following in terms of the degree of ownership, control, and the extent of risk (which are correlated). top label: highest level of local ownership, control, and riskhighest level of local ownership, control, and risk.
Highest level of local ownership, control, and risk Х When a restaurant chain, Sally's Salads, forges an agreement with local entities to run storefronts bearing the "Sally's Salads" restaurant name in order to sell its menu items to new markets When a maker of playing cards begins to sell its products to a foreign market When a pharmaceutical firm forms a partnership with another pharma firm to develop a medical intervention When Walmart possesses ASDA in the United Kingdom as one of its portfolio companies Lowest level of local ownership, control, and risk
Highest level of local ownership, control, and risk:
When a restaurant chain, Sally's Salads, enters into a contract with regional organisations to operate stores wearing the "Sally's Salads" restaurant brand in order to market its menu items in new areas. Due to the intricate nature of international expansion, this is a joint venture where both sides share ownership and control, and there is a significant amount of risk involved.
When Walmart possesses ASDA in the United Kingdom as one of its portfolio companies:
This is an acquisition where Walmart has full ownership and control, but there is still a high degree of risk involved in investing in a foreign market.
When a maker of playing cards begins to sell its products to a foreign market:
This is an example of exporting, where the company retains full ownership and control, but the risk is relatively low compared to the other examples.
Lowest level of local ownership, control, and risk:
None of the given examples fall under this category as all involve some level of local ownership, control, and risk. However, the example of a maker of playing cards selling products to a foreign market involves the lowest degree of risk among the given options
To know more about ownership refer here
https://brainly.com/question/14480423#
#SPJ11
percent of sales method at the end of the current year, accounts receivable has a balance of $710,000; allowance for doubtful accounts has a credit balance of $6,500; and sales for the year total $3,200,000. bad debt expense is estimated at 1/4 of 1% of sales. determine the amount of the adjusting entry for uncollectible accounts.
The amount of adjusting entry for uncollectible accounts is $1500.
To determine the amount of the adjusting entry for uncollectible accounts using the percent of sales method, follow these steps:
1. Calculate the estimated bad debt expense based on the given percentage of sales.
2. Compare the estimated bad debt expense with the current credit balance of the allowance for doubtful accounts.
3. Determine the adjusting entry needed to match the allowance for doubtful accounts with the estimated bad debt expense.
Step 1: Calculate the estimated bad debt expense.
Bad debt expense = Sales * Bad debt percentage
Bad debt expense = $3,200,000 * (1/4 of 1%)
Bad debt expense = $3,200,000 * (0.25/100)
Bad debt expense = $8,000
Step 2: Compare the estimated bad debt expense with the current credit balance of the allowance for doubtful accounts.
Estimated bad debt expense = $8,000
Current credit balance in allowance for doubtful accounts = $6,500
Step 3: Determine the adjusting entry needed.
Adjusting entry = Estimated bad debt expense - Current credit balance
Adjusting entry = $8,000 - $6,500
Adjusting entry = $1,500
Therefore, the amount of the adjusting entry for uncollectible accounts is $1,500.
Lear more about uncollectible accounts here: https://brainly.com/question/20597051
#SPJ11
SHOW ME HOW YOU GOT THE ANSWER FOR EACH ANSWER PLEASE ESPECIALLY THE LESS:ACCUMULATED DEPRECIATION 3. On January 2, 2022, Pet Retreat purchased fixtures for S16,600 cash, expecting the fixtures to remain in service for six years. Pet Retreat has depreciated the fixtures on a straight-line basis, with $7.000 residual value. On June 30, 2024, Pet R. sold the fixtures for $23,600 cash. Record both depreciation expense for 2024 and sale of the fixtures on June 30, 2024. (Assume the modified half-month convention is used. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit Begin by recording the depreciation expense as of Jun. 30, 2024. Date Accounts and Explanation Jun 30 Depreciation Expense-Fixtures Accumulated Depreciation Fixtures 3,300 3.3 To record depreciation on fixtures . Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures. (Enter a loss with a minus sign or parentheses.) . a . Market value of assets received $ 23,600 Less: Book value of asset disposed of Cost S 46,600 Less: Accumulated Depreciation 16300 28900) 3300 Gain or (Loss) Now, record the sale of the fixtures on June 30, 2024. Date Accounts and Explanation Debit Credit Jun. 30 (1) (2) (3) (5) (1) O O Depreciation Expense-Fixtures Maintenance Expenses Accumulated Depreciation—Fixtures Fixtures – O O Book value O Gain on Disposal Cash Loss on Disposal (2) O Depreciation Expense-Fixtures Maintenance Expenses O Accumulated Depreciation-Fixtures Fixtures O Book value O Gain on Disposal O Cash Loss on Disposal (3) O O Depreciation Expense-Fixtures Maintenance Expenses O Accumulated Depreciation-Fixtures Fixtures O O Book value O Gain on Disposal O Cash Loss on Disposal (4) O Accumulated Depreciation-Fixtures Book value O Cash O Depreciation Expense-Fixtures O Maintenance Expenses O Fixtures Gain on Disposal Loss on Disposal To record depreciation on fixtures. (5) O Discarded fixtures with a book value. O Discarded fully depreciated fixtures. O Sold fixtures for cash
Date Accounts of Pet retreat and Debit Credit on Jun. 30 Depreciation and the Expense-Fixtures result to 3,300
Journal Entries:
Accumulated Depreciation—Fixtures 3,300 To record depreciation on fixtures.
Jun. 30 Cash 23,600
Accumulated Depreciation—Fixtures 16,300
Fixtures 46,600
Gain on Disposal 3,300 To record sale of fixtures.
The first entry records the depreciation expense for the first half of 2024, which is $3,300 ($16,600 cost - $7,000 residual value) divided by 6 years, multiplied by 6 months (modified half-month convention).
The second entry records the sale of the fixtures for $23,600 cash, which is the market value of the asset received. The book value of the asset disposed of is calculated as the cost of $16,600 less the accumulated depreciation of $16,300. Therefore, there is a gain on disposal of $3,300, which is credited to the Gain on Disposal account.
Learn more about depreciation here:
https://brainly.com/question/15085226
#SPJ11
A bond pays 7% annual interest in semiannual payments for 10 years. The current yield on similar bonds is 9%. To determine the market value of this bond, you must:
A) find the interest factors (IFs) for 20 periods at 3.5%.
B) find the interest factors (IFs) for 20 periods at 4.5%.
C) find the interest factors (IFs) for 10 periods at 7%.
D) find the interest factors (IFs) for 10 periods at 9%.
To determine the market value of the bond, you need to discount its semiannual payments using the semiannual yield, which requires finding the interest factors for 20 periods at 4.5%.
D) find the interest factors (IFs) for 10 periods at 9%.
To determine the market value of the bond, we need to discount the future cash flows (semiannual interest payments) at the current yield of 9%. Since the bond pays semiannual interest, we need to find the interest factors (IFs) for 10 periods (20 semiannual periods) at the current yield of 9%.
Option A and B are incorrect because they use interest rates that are not relevant to the bond being evaluated. Option C is incorrect because it only considers the bond's own interest rate and not the current market yield. Option D is the correct answer because it uses the current market yield of 9% to calculate the interest factors needed to discount the bond's future cash flows.
to learn more about market value click here:
brainly.com/question/8084221
#SPJ11
Alpha Inc. has dealt business with Bravo Corporation for 5 years. All through the years, Alpha accumulated an indebtedness of P1M with Bravo. Upon demand, Alpha paid Bravo by check the amount owed which was however dishonored for insufficiency of funds. For and in consideration of P800,000, Bravo assigned the credits to Charlie Inc. who brought suit against Alpha for the recovery of the amount owed which later on was moved for dismissal by Alpha on the ground that Alpha has not agreed for subrogation. Decide.
A) Alpha is not correct because this is a case of an assignment of credit. However, an assignment of credit needs the consent of the debtor.
B) This is a valid assignment of credit. However, Charlie did not acquire a right to sue in his own name.
C) Alpha Inc, is correct. This is a case of subrogation which needs its consent being the debtor.
D) Alpha is not correct because this is a case of an assignment of credit. The debtor’s consent is not essential for the validity of the assignment.
A) Alpha is correct because this is a case of an assignment of credit. However, an assignment of credit needs the consent of the debtor.
Explanation:
An assignment of credit is the transfer of a right or title to receive payment from the debtor to another person. In this case, Bravo Corporation assigned the credits to Charlie Inc. However, for the assignment of credit to be valid, the consent of the debtor, in this case, Alpha Inc., is needed. Since there is no evidence that Alpha Inc. consented to the assignment, the assignment is not valid. Therefore, Charlie Inc. cannot bring suit against Alpha Inc. for the recovery of the amount owed.
In general, an assignment of credit requires the consent of the debtor because it involves the transfer of the debtor's obligation to pay to a third party. Without the debtor's consent, the debtor's rights and obligations under the original agreement remain unchanged, and the third party has no legal right to collect payment from the debtor.
Learn more about credit here:
https://brainly.com/question/1475993
#SPJ11
money leakages, however, are quite high. required reserves and leakages amount to 33% of deposits. what is the leakage-adjusted money multiplier?
If required reserves and leakages amount to 33% of deposits, then the leakage-adjusted money multiplier would be 2.33. The money multiplier would be reduced by the proportion of deposits that are "leaked" out of the banking system.
The leakage-adjusted money multiplier can be calculated using the following formula:
Money multiplier = 1 / (Required reserve ratio + Leakage ratio)
Where the leakage ratio is the proportion of deposits that are "leaked" out of the banking system.
In this case, if required reserves and leakages amount to 33% of deposits, then the leakage ratio is also 33%. Therefore, the leakage-adjusted money multiplier would be:
Money multiplier = 1 / (Required reserve ratio + Leakage ratio)
Money multiplier = 1 / (0.1 + 0.33)
Money multiplier = 1 / 0.43
Money multiplier = 2.33
So the leakage-adjusted money multiplier in this case is 2.33.
Learn more about deposits here:
https://brainly.com/question/2507231
#SPJ11
stockit, inc. issued 100,000 shares of the 1,000,000 shares it is allowed to issue. stockit has repurchased 10,000 of its own shares. the number of shares authorized equals shares.multiple choice question.a. 100,000b. 910,000c. 1,000,000d. 10,000e. 90,000
The number of shares authorized for stockit, inc. is 1,000,000 shares (option c).
The number of shares authorized represents the maximum number of shares a company can issue. In this case, stockit, inc. is authorized to issue 1,000,000 shares, but it has only issued 100,000 shares.
The fact that stockit has repurchased 10,000 of its own shares is irrelevant to the number of shares authorized. Therefore, the correct answer is option c.
For more questions like Company click the link below:
https://brainly.com/question/30532251
#SPJ11
gibson valves produces cast bronze valves on an assembly line, currently producing 1600 valves each 8-hour shift. if the productivity is increased by 10%, it would then be:
If Gibson Valves currently produces 1600 valves in an 8-hour shift, then their current productivity is 200 valves per hour (1600 valves divided by 8 hours).
If their productivity is increased by 10%, then their new productivity would be:
New productivity = Current productivity x (1 + increase percentage)
New productivity = 200 valves per hour x (1 + 0.10)
New productivity = 220 valves per hour
Therefore, if Gibson Valves increases their productivity by 10%, they would be able to produce 2200 valves in an 8-hour shift (220 valves per hour x 8 hours).
Productivity measures the efficiency of a production process by comparing the output to the input. In the case of Gibson Valves, the current productivity can be calculated as 1600 valves per 8-hour shift, which equals 200 valves per hour. If the productivity is increased by 10%, then the new productivity would be 220 valves per hour (200 valves x 1.1).
Learn more about Assembly Line here:- brainly.com/question/1845393
#SPJ11