Answer:
include both financial and nonfinancial information.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Quantitative factors are based on numerical data or informations.
Quantitative factors include both financial and nonfinancial information.
Basically, quantitative factors can be expressed in monetary terminologies such as interest rate, dividends, retained earnings, depreciation, principal, future value, etc.
If a technology displays increasing returns to scale, then: a. The TC curve is increasing at a decreasing rate. b. The ATC curve is increasing at a decreasing rate. c. The TC curve is increasing at an increasing rate. d. The ATC curve is increasing at an increasing rate.
Answer:
The ATC curve is increasing at a decreasing rate.
Explanation:
Increasing returns to scale is when input used in production process in increased and output increases more than the proportion of the input used.
for example, if technology is increased by 20% and output increases by 50%.
When an input displays increasing returns to scale, the average total cost increases at a decreasing rate. this is because less input is used to produce more output
I need helppppppoppppp
Answer:
Explanation:
one advantage is that they can have menial tasks outsourced to other countries
one disadvantage is that many high paying jobs in the past have been sent to foreign countries where workers there are paid much less
A repair shop orders gears from a supplier. The demand is 100,000 gears per year. There is a $1,000 charge for placing an order. The company has an inventory carrying cost equal to 20% of the cost of the inventory. The supplier has offered the following price discounts based on the quantity placed for each order. What order quantity will minimize the repair shop's total cost
Answer:
7,071 gears
Explanation:
As the cost of inventory has not been provided, hence I assumed the cost of one unit of Inventory is $20
The Economic order quantity will minimize the total costs
Use the following formula to calculate the Economic Order Quantity
Economic Order Quantity = [tex]\sqrt{\frac{2DS}{H} }[/tex]
Where
D = Demand = 100,000 gears
S = Cost per order = $1,000
H = Carrying cost per gear = $20 x 20% = $4
Placing values in the formula
Economic Order Quantity = [tex]\sqrt{\frac{2 X 100,000 X 1,000}{4} }[/tex]
Economic Order Quantity = 7,071 gears
If all investors become more risk averse the SML will _______________ and stock prices will _______________. Multiple Choice have the same intercept with a flatter slope; rise shift upward; rise have the same intercept with a steeper slope; fall shift downward; fall
Answer:
1. have the same intercept with a steeper slope;
2. fall
Explanation:
If all investors become more risk-averse, the SML will "have the same intercept with a steeper slope," and stock prices will "Fall."
The above statement is TRUE, and it is based on the theory that the slope of the Security Market Line reflects the level at which investors are unwilling to take the risk. Whereby the average investor prefers higher returns but is reluctant to take the risk.
Roxy Inc. issued 3,000 shares of no-par common stock with a stated value of $5 per share. The market price of the stock on the date of issuance was $14 per share. The entry to record this transaction includes a
Answer and Explanation:
The journal entry to record the issuance of the common stock is shown below;
Cash Dr (3,000 shares × $14) $52,000
To Common stock (3,000 shares × $5) $15,000
To Additional paid in capital $27,000
(being the issuance of the common stock is recorded)
Here the cash is debited as it increased the asset and credited the common stock & additional paid in capital as it also increased the equity
Waterpark Co. had a decrease in deferred tax liability of $38 million, a decrease in deferred tax assets of $28 million, and an increase in tax payable of $118 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was: Group of answer choices
Answer:
the total income tax expense is $208 million
Explanation:
The computation of the total income tax expense for the year is shown below;
Income tax expense = Increase in tax payable + decrease in deferred tax assets - decrease in deferred tax liability
= $118 million + $128 million - $38 million
= $208 million
Hence, the total income tax expense is $208 million
Antony Johnson works in the human resources department of a small wholesale company. His boss has delegated to Johnson the job of finding a replacement for the company's shipping dock supervisor who has recently retired. Johnson will have total responsibility for filling this position. Johnson will be:
Answer:
made accountable
Explanation:
In an organisation when total responsibility is placed on a staff for a particular task, he is accountable for the outcome.
In the given scenario his boss has delegated to Johnson the job of finding a replacement for the company's shipping dock supervisor who has recently retired.
Johnson will need to find a person that meet the technical and moral standards that the job requires.
Johnson will be held accountable for the performance of the replacement staff.
Fellingham Corporation purchased equipment on January 1, 2019, for $240,000. The company estimated the equipment would have a useful life of 10 years with a $18,800 residual value. Fellingham uses the straight-line depreciation method. Early in 2021, Fellingham reassessed the equipment's condition and determined that its total useful life would be only six years in total and that it would have no salvage value. How much would Fellingham report as depreciation on this equipment for 2021
Answer:
$48,940
Explanation:
Straight line depreciation method charges a fixed amount as depreciation expense using the formula :
Depreciation expense = (Cost - Residual Value) ÷ Estimated useful life
therefore,
2019
Depreciation expense = $22,120
2020
Depreciation expense = $22,120
2021
New depreciable amount = Cost - Accumulated deprecation - New Residual Amount
= $240,000 - $44,240
= $195,760
New Useful life = Remaining years
= 6 - 2
= 4
therefore,
Depreciation expense = $195,760 ÷ 4
= $48,940
A bond discount must be amortized using the effective-interest method if it yields annual amounts that are materially different than the straight-line method. be amortized using the straight-line method if it yields annual amounts that are materially different than the effective-interest method. always be amortized using straight-line amortization. always be amortized using the effective-interest method.
Answer:
A bond discount must:
always be amortized using the effective-interest method.
Explanation:
The effective interest method is the accepted accounting standard used to amortize bond discounts. It is also preferred by investors and analysts who want to determine the actual interest earned on the bonds. It is more logical than the straight-line method. Therefore, it must always be used, except for the simplicity offered by the straight-line method.
Sonia creates tests for judging product safety and advises companies about how to reduce harm from use or misuse of the product. What is her career?
a) Environmental Restoration Planner
b) Non-Deductive Testing Specialist
c) Materials Engineer
d) Product Safety Engineer
Answer:
D) Product safety Engineer
Explanation:
On January 1, Tundo Company borrowed $190,000 to purchase machinery and agreed to pay 8% interest for six years on an installment note requiring equal payments that are due on the last day of the year. What is the carrying value of the loan at the end of the first year (requires use of present value tables)
Answer: $164,100
Explanation:
Based on the information given, the carrying value of the loan at the end of the first year will be calculated thus:
First, we'll calculate the annual equal installments which will be:
= $190,000 / [1 - (1 + 8%)^-6 / 8%]
= $190,000 / [1 - (1+0.08)^-6) /0.08]
=$41100.
Then, the interest epense for the first year will be:
= $190,000 × 8%
= $190000 × 0.08
= $15,200
The reduction in the principal amount with from borrowing will be:
= $41100 - $15,200
= $25,900
Therefore, the carrying value of the loan at end of first year will be:
= $190,000 - $25,900
= $164,100
Amber McClain. Amber McClain, the currency speculator we met in the chapter, sells eight June futures contracts for 500,000 pesos at the closing price quoted in Exhibit 7.1. a. What is the value of her position at maturity if the ending spot rate is $0.12000/Ps? b. What is the value of her position at maturity if the ending spot rate is $0.09800/Ps? c. What is the value of her position at maturity if the ending spot rate is $0.11000/Ps?
Question Completion:
Note that the June Settlement Futures rate = $0.10773/Ps from the Exhibit 7.1 (not provided here).
Answer:
Amber McClain
a) If spot rate = $0.12000/Ps:
The value of her position at maturity = -$49,000
b) If spot rate = $0.09800/Ps:
The value of her position at maturity = -$88,000
c) If spot rate = $0.11000/Ps:
The value of her position at maturity = -$40,000
Explanation:
a) Data and Calculations:
Notional selling price of June futures = 500,000 pesos
Number of contracts = 8
June Settlement Futures rate = $0.10773/Ps
a) If spot rate = $0.12000/Ps:
The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8
= -500,000 * ($0.12000/Ps - $0.10773/Ps) * 8
= -500,000 * 0.01227 * 8
= -$49,000
b) If spot rate = $0.09800/Ps:
The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8
= -500,000 * ($0.12000/Ps - $0.09800/Ps) * 8
= -500,000 * 0.022 * 8
= -$88,000
c) If spot rate = $0.11000/Ps:
The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8
= -500,000 * ($0.12000/Ps - $0.11000/Ps) * 8
= -500,000 * 0.01 * 8
= -$40,000
Which type of element is and what is the meaning of that element
Answer:
English Language Learners Definition of element chemistry : one of the basic substances that are made of atoms of only one kind and that cannot be separated by ordinary chemical means into simpler substances : a particular part of something (such as a situation or activity) : a part of an electrical device that produces heat
WILL GIVE BRAINLIEST PLS ANSWER
Kato is getting ready to sign a complicated contract at work. What is the BEST advice for him?
A.
Obtain an exact copy of the contract at the time it is signed.
B.
Don’t waste everyone’s time by reading every single word.
C.
Lawyers are not helpful when dealing with contracts.
D.
Leave blank spaces empty, as they will be filled in after you sign the contract.
The best advice for Kato while signing the contract at work is to obtain an exact copy of the contract at the time it is signed. Thus the correct answer is A.
What is the contract?A contract refers to an agreement chosen by giving an offer and acceptance by both the parties involved with the enforceability of law.
When Kato is getting ready to sign a challenging contract at work, he should make sure to get an exact copy of the document. This helps him to keep evidence so that he can utilize it in future references.
The exact copy of the contract helps him to remember things clearly by revising at home.
Therefore, option A is appropriate.
Learn more about the contract, here:
https://brainly.com/question/2669219
#SPJ2
Braden and Sons, Inc., paid cash to purchase equipment costing $342,000 this year. Also this year, the company sold for $70,000 cash equipment that originally cost $230,000 5 years ago. How should these transactions be listed in the statement of cash flows
Answer:
The purchases and the sales of equipment must be shown separately as a decrease to cash for $342,000 (purchase) and an increase of $70,000 (sale).
Explanation:
Since the cash is paid for purchased an equipment so the same should be shown in the investing activities as the cash outflow and the company sold $70,000 cash equipment so this also to be shown as the investing activities as the cash inflow
Therefore the last option is correct
In listing these transactions in the Statement of Cash Flows, the proper thing to do is: The purchases and the sales of equipment must be shown separately as a decrease to cash for $342,000 (purchase) and an increase of $70,000 (sale).
The Statement of Cashflows:
Shows the cash transactions of a company Can only show transactions involving actual cashThe amount that was used to purchase equipment was in cash so this will reduce the amount of cash that the company has.
The cash received from the sale of the equipment will be an increase in the company's cash. The previous price of the equipment is irrelevant because it does not involve cash.
In conclusion, the cash made should be added and the cash spent should be deducted.
Find out more at https://brainly.com/question/735261.
Young Company has the following assets and liabilities: Assets Cash $35,000 Accounts receivable 15,000 Inventory 30,000 Equipment 50,000 Liabilities Current portion of long-term debt $10,000 Accounts payable 2,000 Long-term debt 25,000 Determine the quick ratio (rounded to one decimal point).
Answer: 4.2
Explanation:
The quick ratio will be calculated as:
= Current assets / Current liabilities
where,
Current asset = Cash + Account receivable = $35000 + $15000 = $50000
Current liabilities = Long term debt + Account payable = $10000 + $2000 = $12000
Quick ratio = Current assets / Current liabilities
= $50000 / $12000
= 4.2
This chapter discusses many types of costs: explicit costs, implicit costs, total cost, average fixed cost, average variable cost, and marginal cost. Fill in the type of cost that best completes each sentence.
ALL POTENTIAL ANSWERS ARE EITHER AVERAGE FIXED/ AVERAGE VARIABLE/ EXPLICIT/ IMPLICIT/ MARGINAL/ OR TOTAL COST
Profits equal total revenue minus ______________ .
The term __________ refers to costs that involve direct monetary payment by the firm.
_____________ is falling when marginal cost is below it and rising when marginal cost is above it.
The cost of producing an extra unit of output is the _____________ .
__________ is always falling as the quantity of output increases.
The opportunity cost of running a business that does not involve cash outflow is a(an) ____________ .
Explanation:
To find - Fill in the type of cost that best completes each sentence.
Profits equal total revenue minus ______________ .
The term __________ refers to costs that involve direct monetary payment by the firm.
_____________ is falling when marginal cost is below it and rising when marginal cost is above it.
The cost of producing an extra unit of output is the _____________ .
__________ is always falling as the quantity of output increases.
The opportunity cost of running a business that does not involve cash outflow is a(an) ____________ .
Proof -
Profits equal total revenue minus TOTAL COST
.
The term EXPLICIT refers to costs that involve direct monetary payment by the firm.
AVERAGE VARIABLE COST is falling when marginal cost is below it and rising when marginal cost is above it.
The cost of producing an extra unit of output is the MARGINAL COST.
AVERAGE FIXED COST is always falling as the quantity of output increases.
The opportunity cost of running a business that does not involve cash outflow is a(an) IMPLICIT COST.
Maria is going to a hiking trip this weekend. She has been busy shopping for the trip. Which of these items that she bought are a want for her? A. hiking boots B. sleeping bag C. a new pair of jeans
Answer:
C. a new pair of jeans
Explanation:
Answer:
c
Explanation:
4. Which of the following financial statements is the main tool for figuring out how much
money is needed to bring a business to the point of being self-financing?
A Cash flow statement
B. Balance sheet
C. Personnel statement
D. Income statement
The market risk premium is 8 percent. · The beta on Fiscal Cliff's common stock is 2.3. · The company's retained earnings are sufficient so that they do not have to issue any new common stock to fund capital projects. · The company's tax rate is 40 percent. Given this information, what is Fiscal Cliff's WACC? A. 9.21% B. 12.58% C. 8.17% D. 7.63% E. 11.35%
Answer:
A. 9.21%
Explanation:
WACC = Cost of Equity x Weight of Equity + Cost of Debt x Weight of Debt
Cost of Equity calculation :
Cost of Equity = Interest from risk free security + beta x market premium
= 3.00 % + 2.3 x 8.00%
= 21.40 %
Cost of Debt calculation :
PV = - $700
FV = $1,000
N = 25
PMT = $1,000 x 8% = $80
P/YR = 1
I/YR = ???
The Bond`s yield will be the cost of debt. The cost of debt using a financial calculator i/yr is 11.76 %
But,
We always use the After tax cost of debt,
After tax cost of debt = interest x (1 - tax rate)
= 11.76 % x (1 - 0.40)
= 7.056 %
therefore,
WACC = 21.40 % x 15 % + 7.056 % x 85 %
= 9.2076 or 9.21 %
g Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2020, $120,300 of which is ordinary income and $49,000 of which is taxed at a 15% preferential rate. Compute their tax savings from the preferential rate.
Answer:
$5,860
Explanation:
Computation for their tax savings from the preferential rate
First step is to calculate their tax liability
Using this formula
Tax liability =[Tax amount on $169,300 ordinary income-(Tax Amount on $120,300 ordinary income +Tax amount on $49,000 preferential income)]
Let plug in the formula
Tax Savings=[$35,648-($22,438+$7,350)]
Tax Savings=$35,648-$29,788
Tax Savings=$5,860
Therefore their tax savings from the preferential rate is $5,860
After many years, a small community builds a toll road but discovers that it is not used very much. If it wishes for the road to be used at the socially optimal level, the community should: set the toll higher. set the toll lower. set the toll equal to $1. build another toll road.
Answer:
Build another toll road because then they won't have any option but to actually use it since there will be 2
After several years, a tiny municipality constructs a toll road, only to learn that it is rarely utilized. If it wants the road to be used in the most socially beneficial way possible, the community should set the toll higher.
What is the toll road?A toll road is often known as a turnpike or tollway, is a public or private road that charges a fee to use. It is a type of road pricing that is commonly used to recuperate the expenses of road construction and maintenance.
Every road requires upkeep and renovation, which is costly. There is no such thing as a completely paid-for road. A road, like your house, requires regular upkeep and repair. Tolls provide a long-term source of money for road maintenance and improvement.
Therefore, a small municipality builds a toll road only to discover that it is rarely used. If the community wants the road to be used in the most socially advantageous way possible, it should raise the toll.
Learn more about the toll road, refer to:
https://brainly.com/question/7658516
#SPJ6
There are historically three 32-month periods of generally rising prices in the stock market for every one 9-month period of falling prices. This observation leads you to conclude that the stock market exhibits a: random pattern. trend pattern seasonal pattern. cyclical pattern.
Answer:
cyclical pattern
Explanation:
In the given situation, it is mentioned that the data represent an upward trend and it shows an downward trend for exact 32 months and 9 months so here we can say that the data should be of cyclical in nature
So as per the given situation, it is the cyclical pattern
Therefore the same to be considered and relevant
Please submit your idea for a practical, innovative, and marketable product or service (it’s just for a project)
Um...I decided to share these ideas because they are an upgrade of the things we use in daily life. These inventions make things more fun.
Banana skin caution wet floor signs. Fun caution signs shaped like slippery bananas. ...
Basket ball hoop over trash can. Trash cans where you can slam dunk your trash. ...
Create your own 6-pack machine. Machines where you can pick your own 6-pack. ...
Rechargeable USB batteries. Batteries you can charge via USB. ...
Slides beside stairs.
Sunglasses with solar-powered fans. ...
a TV channel that only plays commercials. ... (for stores)
True or False ?
Classifying authority and power is part of the organization process and structure.
Two managers in the research and development department of a company disagree on whether their organization should outsource development of a new product or staff it internally. This is an example of _______ conflict.
Answer:
Intragroup.
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
In this scenario, two managers in the same department of a company disagree on whether to outsource the development of a new product or staff it internally. Thus, this is an example of intragroup conflict because its happening within the same department of an organization having common goals and interests.
An intragroup conflict can be defined as a type of conflict that arises between individuals belonging to the same team or group.
The balance sheet of Cranium Gaming reports total assets of $380,000 and $680,000 at the beginning and end of the year, respectively. Sales revenues are $1.30 million, net income is $63,000, and operating cash flows are $54,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming. (Enter your answers in dollars, not millions (i.e., $10.1 million should be entered as 10,100,000).)
Answer:
See below
Explanation:
1. Cash return on assets
= Operating cash flow / Average total asset
Operating cash flows = $54,000
Average total asset = [($380,000 + $680,000) / 2] = $530,000
Cash return on assets
= $54,000 / $530,000
= 10.19%
2. Cash flow to sales
= Operating cash flows / Net sales
Operating cash flows = $54,000
Net sales = $1,300,000
Cash flow to sales
= $54,000 / $1,300,000
= 4.15%
3. Asset turnover
= Net sales / Average total assets
Net sales = $1,300,000
Average total assets = $530,000
Asset turnover
= $1,300,000 / $530,000
= 2.5 times
If ending inventory is understated, _______. cost of goods sold will also be understated accounts receivable balances will be overstated cost of goods sold will be overstated accounts payable balance will be understated
Answer:
cost of goods sold will be overstated
Explanation:
An inventory turnover can be defined as a measure of the amount of times an inventory is used or sold by an organization at a specific period of time. The inventory turnover is calculated by dividing cost of goods sold by average inventory.
Generally, if ending inventory is understated, cost of goods sold will be overstated because it is typically considered to be an expense.
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc. Also, the periodic system of inventory is a function of the cost of goods sold.
On June 1, 20X1, Conner Company, a new firm, paid $4,300 rent in advance for a five-month period. The $4,300 was debited to the Prepaid Rent account. On June 1, 20X1, the firm bought supplies for $7,250. The $7,250 was debited to the Supplies account. An inventory of supplies at the end of June showed that items costing $2,950 were on hand. On June 1, 20X1, the firm bought equipment costing $44,160. The equipment has an expected useful life of 8 years and no salvage value. The firm will use the straight-line method of depreciation. Prepare end-of-June adjusting entries for Conner Company.
Answer:
No Account and explanation Debit Credit
1. Rent expense ($4,300/5) $860
Prepaid rent $860
(To record adjusted rent expense)
2. Supplies expense (7,250-2,950) $4,300
Supplies $4,300
(To record adjusted supplies)
3. Depreciation expense $460
[(44,160/8)/12]
Accumulated depreciation $460
(To record depreciation)
the authors cited statistical evidence that the price elasticity of demand for royal crown cola is -2.4, and the price elasticity of demand for coke is roughly -5.5. Which firm likely has stronger brand loyalty among customers that provides greater potential for monopoly power in the cola market
Answer:
royal crown cola
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
both companies have an elastic demand because their coefficient of elasticities is greater than 1. Coke has a higher elasticity as a result, consumers would respond sharply to changes in price. this makes them enjoy less brand loyalty when compared with royal crown cola that has a lower elasticity of demand