Answer:
1)autocratic leader
2)democratic leader
Explanation:
1- this leader is one who works fast without consulting employees.
2- this leader consults employees and make sure everyone takes par in decision making
sorry only know 2...
Drag each label to the correct location on the image.
Identify the features of stocks and bonds.
coupon rate
face value
closing price
maturity date
Stock
Bond
Answer:
The answer is "face value".
Explanation:
FACE VALUE was its common characteristic of stocks and bonds.
For an inventory, that original cost of stock indicated on the certification was its face value. That facial value for securities refers to the amount paid to the owner just at the expiry date.
Its book value, as well as the factor, is the distinctive function of shares, while the factor of bonds is a discount rate, duration, or factor value.
Answer:
Stock- closing price
Bond- maturity date, coupon rate, and face value
Explanation:
Got it right on the test :)
Kelly Corporation acquires all of the assets and liabilities of Lawson Co. at an acquisition cost that is $50 million above the fair value of identifiable net assets acquired. Three months after the acquisition, it is determined that because of a downturn in the economy after the acquisition, acquired brand names with indefinite lives are worth $5,000,000 less than originally estimated. The entry to reflect this new information includes:
Answer: A. A credit to goodwill of $5,000,000
Explanation:
When a company is bought for more than the fair value of its identifiable net assets, the premium paid is called goodwill. If after the acquisition, it is discovered that one of the reasons for coming up with that goodwill is no longer viable, the goodwill can be reduced or impaired.
This is the case here. The brand names are worth less than they should so goodwill will have to be adjusted downwards to reflect that. As goodwill is an asset, reducing it would mean crediting it so goodwill should be credited by the $5,000,000 amount.
Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $62,000 per ton, one-fourth of which is allocated to product X15. Eight thousand three hundred units of product X15 are produced from each ton of clypton. The units can either be sold at the split-off point for $16 each, or processed further at a total cost of $9,800 and then sold for $19 each.
Required:
1. What is the financial advantage (disadvantage) of further processing product X15?
2. Should product X15 be processed further or sold at the split-off point?
Answer:
1) Financial advantage = $15,100
2) X15 should be processed further because it would generate 15,100
Explanation:
A company should process a product further if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .
$
Sales revenue after further processing
(19×8,300) 157,700
Sales revenue at the split-off point
(16×8,300) 132,800
Additional sales revenue from further processing 24,900
Less further processing cost (9,800)
Financial advantage 15,100
Financial advantage = $15,100
X15 should be processed further because it would generate 15,100
Loren is in charge of implementing a wellness program for his organization. In formulating the plans for the wellness program, Loren visits and studies a number of other businesses that have successfully implemented such programs. When it is time to actually start the program in his organization, which of the following services or benefits is Loren LEAST likely to include?
a. Smoking cessation programs
b. Nutrition and weight-loss seminars
c. Cancer treatments including chemotherapy and radiation therapies
d. Stress management workshop sessions
Answer:
c. Cancer treatments including chemotherapy and radiation therapies
Explanation:
A wellness.program is defined as a set of activities.aomed at improving the quality of life of individuals through exercise, proper diet, and stress management.
The main idea behind a wellness program is prevention of illness with a healthy routine.
In the given scenario the other options are wellness initiatives except Cancer treatments including chemotherapy and radiation therapies.
This is excluded because it is study of a full blown illness and not preventive strategies to stay healthy.
A central characteristic of management by objectives (MBO) is that: Group of answer choices employees are given complete freedom to set their own goals as long as they are consistent with guidelines approved by the CEO. it assumes that management must motivate employees, since employees are incapable of motivating themselves. goals are set by top management and followed without question by others within the organization. goals are set through a process involving members of the organization.
Answer:
goals are set through a process involving members of the organization.
Explanation:
Management by objectives (MBO) refers to the management where there is a strategic management model that focuse to improve the organization performance by defining the goals & objectives and the same would be by both management and employees.
so here according to the given options, the last option is correct as it represents the characteristic of the MBO
So the same would be selected
Shareholders, customers, suppliers, and employee groups are considered
A. indirect stakeholders
B. convertible stakeholders
C. direct stakeholders
D. formal stakeholders
Answer: its “direcr stakeholders”
Explanation: bcs it is
Capable Golf Cart, Inc. (CGC) manufactures two models of golf cart: LX and EX. The budget data for next month is available. LX EX Total Units produced 50 30 80 Direct labor hours 2,000 3,000 5,000 Machine hours 1,500 1,200 2,700 Direct materials $125,000 $90,000 $215,000 Direct labor 90,000 60,000 150,000 Manufacturing overhead 202,500 Total $567,500 Required: 1. Compute the reported unit cost for each product if direct labor hours are used as the allocation base. 2. Compute the reported unit cost for each product if direct labor costs are used as the allocation base. 3. Compute the reported unit cost for each product if machine hours are used as the allocation base.
Solution :
1. Allocation on the basis of [tex]$\text{Direct labor hours}$[/tex]
LX EX
Direct Material 125000 90000
Direct [tex]$\text{labor}$[/tex] cost 90000 60000
Manufacturing overhead [tex]$81000$[/tex] [tex]$121500$[/tex]
(202500/5000 x 2000) (202500/5000 x 3000)
Total cost 296000 271500
Units produced 50 30
Cost per unit 5920 9050
2. Allocation on the basis of [tex]$\text{Direct labor costs}$[/tex]:
LX EX
Direct Material 125000 90000
Direct labor cost 90000 60000
Manufacturing overhead 121500 81000
(202500/150000 x 90000) (202500/150000 x 60000)
Total cost 336500 231000
Units produced 50 30
Cost per unit 6730 7700
3. Allocation on the basis of [tex]$\text{machine hours}$[/tex]
LX EX
Direct Material 125000 90000
Direct labor cost 90000 60000
Manufacturing overhead 112500 90000
(202500/2700 x 1500) (202500/2700 x 1200)
Total cost 327500 240000
Units produced 50 30
Cost per unit 6550 8000
Condensed balance sheet and income statement data for Jergan Corporation are presented here.
Jergan Corporation
Balance Sheets
December 31
2020 2019 2018
Cash $ 30,600 $ 17,300 $ 17,300
Accounts receivable (net) 50,900 44,500 48,600
Other current assets 90,100 94,800 64,900
Investments 54,700 70,600 44,600
Plant and equipment (net) 500,600 370,000 358,700
$726,900 $597,200 $534,100
Current liabilities $85,600 $79,000 $70,700
Long-term debt 144,200 85,000 50,900
Common stock, $10 par 384,000 319,000 308,000
Retained earnings 113,100 114,200 104,500
$726,900 $597,200 $534,100
Jergan Corporation
Income Statement
For the Years Ended December 31
2020 2019
Sales revenue $736,500 $605,600
Less: Sales returns and allowances 40,200 31,000
Net sales 696,300 574,600
Cost of goods sold 424,600 372,000
Gross profit 271,700 202,600
Operating expenses (including income taxes) 181,181 150,886
Net income $ 90,519 $ 51,714
Additional information:
1. The market price of Jergan’s common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively.
2. You must compute dividends paid. All dividends were paid in cash.
(a) Compute the following ratios for 2019 and 2020. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payout ratio and debt to assets ratio to 0 decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)
2019 2020
(1) Profit margin % %
(2) Gross profit rate % %
(3) Asset turnover times times
(4) Earnings per share $ $
(5) Price-earnings ratio times times
(6) Payout ratio % %
(7) Debt to assets ratio % %
Answer:
1. 2020
Gross Margin Ratio = Gross Profit/Net Sale
Gross Margin Ratio = $271,700/$696,300
Gross Margin Ratio = 0.3902054
Gross Margin Ratio = 39.02%
2019
Gross Margin Ratio = Gross Profit/Net Sale
Gross Margin Ratio = $202,600/$574,600
Gross Margin Ratio = 0.35259311
Gross Margin Ratio = 35.26%
2. 2020
Profit Margin Ratio = Net Income / Net Sale
Profit Margin Ratio = $90,519/$696,300
Profit Margin Ratio = 0.13
Profit Margin Ratio = 13%
2019
Profit Margin Ratio = Net Income / Net Sale
Profit Margin Ratio = $51,714/$574,600
Profit Margin Ratio = 0.09
Profit Margin Ratio = 9%
3. 2020
Asset Turnover Ratio = Net Sales / Average Assets
Asset Turnover Ratio = $696,300 / [726900+597200)/2]
Asset Turnover Ratio = $696,300 / $662050
Asset Turnover Ratio = 1.05
2019
Asset Turnover Ratio = Net Sales / Average Assets
Asset Turnover Ratio = $574,600 / [(597200+534100)/2}
Asset Turnover Ratio = $574,600 / $565,650
Asset Turnover Ratio = 1.02
4. 2020
Earning per share = Net Income / Weighted Average Share
Earning per share = $90,519 / [(38400+31900)/2]
Earning per share = $90,519 / $35,150
Earning per share = 2.58
2019
Earning per share = Net Income / Weighted Average Share
Earning per share = $51,714 / [(31900+30800)/2]
Earning per share = $51,714 / $31,350
Earning per share = 1.65
5. 2020
Price Earning Ratio = Price/EPS
Price Earning Ratio = $8.50/2.58
Price Earning Ratio = 3.30
2019
Price Earning Ratio = Price/EPS
Price Earning Ratio = $7.50/1.65
Price Earning Ratio = 4.55
6. 2020
Debt Equity Ratio = Debt/Equity
Debt Equity Ratio = $229,800/$497100
Debt Equity Ratio = 0.46
2019
Debt Equity Ratio = Debt/Equity
Debt Equity Ratio = $164,000/$433200
Debt Equity Ratio = 0.38
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.25 coming 3 years from today. The dividend should grow rapidly - at a rate of 22% per year - during Years 4 and 5; but after Year 5, growth should be a constant 6% per year.
Required:
What is the value of the stock today?
Answer:
$52.75
Explanation:
the discount rate for this question was not provided. the discount rate used is 10%
Value of the stock in year 1 and 2 = 0
value of the stock in year 3 = $1.25
value of the stock in year 4 = ($1.25 x 1.22) / 1.10^4 = $1.04
value of the stock in year 5 = ($1.25 x 1.22^2) / 1.10^5 = $1.16
value of the stock in perpetuality = ($1.25 x 1.22^2 x 1.06) / (0.1 - 0.06) = $49.30
Value of the stock today = $49.30 + $1.16 + $1.04 + $1.25 = $52.75
Consider the two countries of Swala and Atlantis. Swala is a major producer of wheat and rice while Atlantis specializes in the production of marble and automobile parts. Engaging in free trade benefits both countries since Swala is an agrarian nation and Atlantis lacks arable land. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion is based on which inaccurate assumptions?
a. We have assumed a simple world in which there are only two countries.
b. We have assumed the prices of resources and exchange rates in the two countries are dynamic.
c. We have assumed there are barriers to the movement of resources from the production of one good to another within the same country.
d. We have assumed that agrarian nations do not specialize in producing fertilizers.
e. We have assumed diminishing returns to specialization.
Hotaling Corporation is analyzing a capital expenditure that will involve a cash outlay of $146,040. Estimated cash flows are expected to be $30,000 annually for seven years. The present value factors for an annuity of $1 for 7 years at interest of 6%, 8%, 10%, and 12% are 5.582, 5.206, 4.868, and 4.564, respectively. The internal rate of return for this investment is:
Answer:
The solution shows that a rate of return of 10% which provides an annuity factor of 4.868 generates an NPV which is equal to zero. Thus, our IRR or internal rate of return is 10%.
Explanation:
The IRR or internal rate of return is the rate at which NPV or Net Present Value of the investment becomes zero. We are provided with the initial outlay for the project and the annual cash inflows along with time period. Using the annuity factors given below, we need to find out the factor which makes the NPV zero. The NPV is calculated as follows,
NPV = Present Value of Cash Inflows - Initial Outlay
We can try out each annuity factor and see what NPV is generates.
1. 6% rate (Annuity factor = 5.582)
NPV = (30000 * 5.582) - 146040
NPV = $21420
2. 8% rate (Annuity factor = 5.206)
NPV = (30000 * 5.206) - 146040
NPV = $10140
3. 10% rate (Annuity factor = 4.868)
NPV = (30000 * 4.868) - 146040
NPV = $0
So, from the above solution we can see that a rate of return of 10% which provides an annuity factor of 4.868 generates an NPV which is equal to zero. Thus, our IRR or internal rate of return is 10%
On January 1, 2020, Grand Haven, Inc., reports net assets of $790,800 although equipment (with a four-year remaining life) having a book value of $452,000 is worth $520,000 and an unrecorded patent is valued at $54,900. Van Buren Corporation pays $730,960 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021
Answer:
The answer is "42700".
Explanation:
1 January 2020 Patent of Fair Value [tex]54900[/tex]
Less: 2020 and 2021 amortisation[tex]=54900\times \frac{2}{9} \ \ \ \ \ \ =12200[/tex]
December 31, 2021 Patent reported amount [tex]42700[/tex]
JKL has 3 million shares of common stock outstanding and 80,000 bonds outstanding. The bonds pay semi-annual coupons at an annual rate of 9.05%, have 6 years to maturity and a face value of $1,000 each. The common stock currently sells for $30 a share and has a beta of 1. The bonds sell for 94% of face value and have a 10.42% yield to maturity. The market risk premium is 5.5%, T-bills are yielding 5% and the tax rate is 30%. What is the firm's capital structure weight for equity
Answer:
54.48%
Explanation:
The computation of the weight of equity is given below;
But before that we need to do the following calculations
Total Equity
= 3 million shares × $30
= $90 million
The Value of Debt,
Total Debt = 80,000 (1,000)(0.94)
= $75.2 million
Now the weight of equity is
= $90 million ÷ ($90 million + $75.2 million)
= 54.48%
The comparative balance sheets of Greenvale Games, Inc. show a net decrease in unexpired insurance of $400 and a net decrease in interest payable of $250. In order to reconcile net income with net cash flow from operating activities, net income should be:
Answer:
$150 increase
Explanation:
According to the scenario, computation of the given data are as follows,
Decrease in unexpired insurance = $400
Decrease in interest payable = $250
So, we can calculate the net income to reconcile by using following formula,
Net income = Decrease in unexpired insurance - Decrease in interest payable
= $400 - $250
= $150 ( Positive means increase)
So, net income should be increased by $150.
The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 3,200 shares held as treasury stock. What is the entry for the dividend declaration?
Answer:
See below
Explanation:
The journal entry is shown below;
Dividend payable $10,080
_________To Cash $10,080
(Being the payment of dividend paid)
The computation is shown below;
= (20,000 shares - 3,200 shares) × $0.6
= $10,080
Dividend payable was debited as it decreases liabilities and credited cash as it reduced the assets.
On Point, Inc., is interested in producing and selling a deluxe electric pencil sharpener. Market research indicates that customers are willing to pay $40 for such a sharpener and that 20,000 units could be sold each year at this price. The cost to produce the sharpener is currently estimated to be $34. a. If On Point requires a 20 percent return on sales to undertake production of a product, what is the target cost for the new pencil sharpener
Answer: $32
Explanation:
The target cost would be such that 20% of the $40 that people are willing to pay would be profit.
The target profit is therefore:
= 20% * 40
= $8
Target cost is therefore:
= Amount customers would pay - Target profit
= 40 - 8
= $32
Answer:
The answer is $32 for sure :)
In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. Holding all else constant, the effect of this tax would be to _____ in the District of Columbia.
Answer:
b. decrease Amazon sales
Explanation:
Note: "Options the question is attached as picture below"
In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. If we hold all else equal, the effect of this tax would be to decrease Amazon Sales In the District of Columbia.
This action will consequentially increase the sales in local Market and then discourage online shopping along with it In Columbia district; it will decrease sales overall.
The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $60,000 in 2011 after paying $20,000 cash dividends in each of 2010 and 2009. What is the amount of dividends common shareholders will receive in 2011?
a. 28000
b. 30000
c. 50000
d. 25000
Answer:
Option a (28000) is the right option.
Explanation:
Given:
Preferred stock,
= $400,000
In year 2009 and 2010, the dividends paid,
= $20,000 each year
Dividends declared,
= $60,000
Now,
The preferred dividend per year will be:
= [tex]Preferred \ stock\times 6 \ percent[/tex]
= [tex]400000\times 6 \ percent[/tex]
= [tex]24,000[/tex] ($)
Arrears in preferred dividend per year will be:
= [tex]24000-20000[/tex]
= [tex]4000[/tex] ($)
For preferred stock, the total dividends arrears will be,
= [tex]4000\times 2[/tex]
= [tex]8000[/tex] ($)
hence,
The dividends which are received by the common stock holders will be:
= [tex]Dividends \ declared-Preferred \ dividend-Arrears \ in \ preferred \ dividend[/tex]
By putting the values, we get
= [tex]60000-24000-8000[/tex]
= [tex]28000[/tex]
Chapter 13: Statement of Cash Flows Amount OA, IA, or FA (for extra credit only) Accounts payable increase $ 9,000 Accounts receivable increase 4,000 Salaries payable decrease 3,000 Amortization expense 6,000 Cash balance, January 1 22,000 Cash balance, December 31 15,000 Cash paid as dividends 29,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 35,000 Cash received from sale of equipment 17,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease 13,000 Net income 76,000 Prepaid expenses increase 2,000 Using the information above, calculate the cash flow from operating activities using the indirect method.
Answer:
Net Cash flow from operating activities $120,000.00
Explanation:
The computation of the cash flows from operating activities is shown below:
Cash flow from operating activities
Income $76,000.00
Less: Gain on sale of equipment (4,000.00)
Add: Depreciation expense 29,000.00
Add: Amortisation expense 6,000.00
Adjustments:
Add: Account payable increase 9,000.00
Less: Account receivable increase (4,000.00)
Less: Salaries payable decrease (3,000.00)
Add: Inventory decrease 13,000.00
Less: Prepaid expese increase (2,000.00)
Net Cash flow from operating activities $120,000.00
If the monopolist can engage in perfect price discrimination, what is the marginal revenue from selling the 5th shirt
Answer:
Hello your question is incomplete, the missing part is attached below
answer : $120
Explanation:
In a perfect price discrimination situation the price( revenue ) attached to the quantity of goods is = the marginal revenue gotten
From the attached table
The price for the quantity demanded ( 5 ) = marginal revenue
i.e. Marginal revenue from selling the 5th shirt = $120
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts payable $598 Fees Earned $3,129
Accounts receivable 717 Insurance Expense 543
Supplies 500 Rent expense 1,500
Prepaid insurance 2,195 Land 2,773
Cash 2,002 Wages expense 651
Office equipment 1,800 Retained earnings 5,500
Dividends 701 Common stock 5,855
Unearned rent 1,600
Prepare a trial balance. The total of the debits is:
a. $11,200
b. $13,900
c. $12,700
d. $9,700
What kinds of barriers get in the way of "following your dreams"?
Answer: A. Individuals may not have the talents or resources to simply do whatever they dream of doing.
The kind of obstacles that prevent people from "following their ambitions" It's possible that some people lack the skills or resources necessary to pursue their dreams.
What kinds of skills are examples?making excellent choices despite having little knowledge. recognizing other people's viewpoints and interacting with various types of people successfully. Setting objectives, keeping track of progress, and making an effort to enhance your job. generating original answers and imaginative concepts to address issues.
What does human resources talent mean?Talent management, which includes a variety of HR procedures throughout the employee life cycle, is the attraction, selection, and retention of personnel. It includes hiring, onboarding, succession planning, learning and development, performance management, workforce planning, and employee engagement.
To Know more about resources
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Answer:
Individuals may not have the talents or resources to simply do whatever they dream of doing.
Explanation: Just took the test
Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Two jobs were worked on during the year: Job A-101 and Job A-102. The number of direct labor-hours spent on Job A-101 and Job A-102 were 1,360 and 4,200, respectively. The actual manufacturing overhead was $72,200. What is the predetermined manufacturing overhead rate per direct labor hour for the year
Answer:
$16.00
Explanation:
Predetermined manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity
therefore,
Predetermined manufacturing overhead rate = $32,320 ÷ 2,020
= $16.00
Applied overheads = Predetermined manufacturing overhead rate x Actual activity
therefore,
Applied overheads = $16.00 x 2,410 = $38,560
Conclusion :
Under-applied overheads = $72,200 - $38,560
= $33,640
the predetermined manufacturing overhead rate per direct labor hour for the year is $16.00
Brand [X] has tasked you with looking at various KPIs for their recent campaign. Below are the results for the campaign. Using the provided KPI calculations, your own research and intuition.
Amount spent (USD) CPM Impression Clicks Click- Through Rate
Campaign Total $2783 $1.55 1,801,348 26,048 1.45%
Required:
Do you believe this campaign performed well?
Answer:
Yes, the campaign performed well.
Explanation:
Recent campaign by Brand X has performed really well. The results obtained are analyzed against the Key Performance Indicators set by the company. The amount spent on the campaign is $2783 whereas the Clicks per minute is $1.55 which indicates that customers are impressed by the campaign and they are gaining attraction in the campaign details so the CPM impression is high.
12-3. (Break-even point and selling price) Simple Metal Works, Inc. will manufacture and sell 300,000 units next year. Fixed costs will total $350,000, and variable costs will be 65 percent of sales. The firm wants to achieve a level of earnings before interest and taxes of $250,000. What selling price per unit is necessary to achieve this result
Answer:
Selling price= $5.08
Explanation:
Giving the following information:
Number of units= 300,000
Fixed costs= $350,000
Desired profit= $250,000
Variable cost rate= 0.65
First, we need to calculate the unitary contribution margin using the break-even point formula:
Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit
300,000 = (350,000 + 250,000) / contribution margin per unit
300,000 contribution margin per unit = 600,000
contribution margin per unit= 600,000/300,000
contribution margin per unit= $2
If the variable cost rate is 0.65, then:
Unitary varaible cost= 2/0.65= $3.08
Selling price= contribution margin per unit - unitary varaible cost
Selling price= 2 - (-3.08)
Selling price= $5.08
Zachary Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different used airplanes. The first airplane is expected to cost $23,680,000; it will enable the company to increase its annual cash inflow by $6,400,000 per year. The plane is expected to have a useful life of five years and no salvage value. The second plane costs $27,880,000; it will enable the company to increase annual cash flow by $8,200,000 per year. This plane has an eight-year useful life and a zero salvage value. Required Determine the payback period for each investment alternative and identify the alternative Zachary should accept if the decision is based on the payback approach. (Round your answers to 1 decimal place.)
Answer: See explanation
Explanation:
For the first airplane:
Payback period will be:
= Cost of first airplane ÷ Annual cash inflow
= 23,680,000 / 6,400,000
= 3.7 years
For the second airplane:
Payback period will be:
= Cost of first airplane ÷ Annual cash inflow
= 27,880,000 / 8,200,000
= 3.4 years
Since the decision is based on the payback approach, Zachary Airline should select the second option since it has a lesser payback period.
Marriage between individuals who have similar social characteristics
Homogamy is the marriage between individuals who have similar social characteristics.
What is homogamy?Homogamy is the practice that involves individuals marrying each other because they have similar characteristics. It involves marriage between individuals who are, in some culturally important way, similar to each other.
The similar characteristics in homogamy include:
Race/ethnicityReligious backgroundAgeEucation backgroundSocial backgroundTherefore, marriage between individuals who have similar social characteristics is know as homogamy.
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Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes' income for the year consists of $120,000 in salary, $1,000 interest income, $1,500 non qualifying dividends, and $1,100 long-term capital gains. The Fortes' expenses for the year consist of $3,000 in investment interest expense and $900 in tax preparation fees. Assuming that the Fortes' marginal tax rate is 32 percent and they make no special elections, what is the amount of investment interest expense deduction for the year
Answer: $2500
Explanation:
The amount of investment interest expense deduction for the year will be calculated thus:
The value of interest expense will be:
= Interest income + Non qualifying dividend
= $1000 + $1500
= $2500
It should be noted that the investment interest expenses will be $2500 due to the fact that thus is lesser than Fortes' expenses for the year which is $3,000 in investment interest expense.
Pecan acquires Southern in an acquisition reported as a merger. The acquisition results in $50 million in goodwill. The acquisition cost includes an earnings contingency, valued at $1 million at the date of acquisition. Within the measurement period, additional information on Southern's expected future performance at the date of acquisition reveals that the earnout actually had a fair value of $200,000 at the date of acquisition. The entry to record the new information includes a credit of $800,000 to:
Answer:
Dr Earnings contingency liability $800,000
Cr Goodwill $800,000
Explanation:
Based on the information given the appropiate journal entry to record the new information includes a credit of $800,000 to:Dr Earnings contingency liability $800,000 and Cr Goodwill $800,000 reason been that the acquisition cost is lesser.
Dr Earnings contingency liability $800,000
Cr Goodwill $800,000
Item 6 Worton Distributing expects its September sales to be 20% higher than its August sales of $168,000. Purchases were $118,000 in August and are expected to be $138,000 in September. All sales are on credit and are expected to be collected as follows: 40% in the month of the sale and 60% in the following month. Purchases are paid 20% in the month of purchase and 80% in the following month. The cash balance on September 1 is $28,000. The ending cash balance on September 30 is estimated to be:
Answer:
Worton Distributing
he ending cash balance on September 30 is estimated to be:
= $87,440
Explanation:
a) Data and Calculations;
August September
Sales $168,000 $201,600 ($168,000 * 1.2)
Purchases $118,000 $138,000
Cash balance September 1 $28,000
Collection of sales on credit: August September
Sales $168,000 $201,600
40% month of sale 67,200 80,640
60% month following 100,800
Total cash collections $181,440
Payment for purchases: August September
Purchases $118,000 $138,000
Payment:
20% month of purchase 23,600 27,600
80% month following 94,400
Total payment for purchases $122,000
Cash budget for September
Beginning balance $28,000
Cash collections 181,440
Available cash $209,440
Cash payments 122,000
Ending balance $87,440