Answer:
Red Co.
The items that Red would not use in determining the amount of income to recognize for year two are:
2- Income recognized in year one
3- Progress billings to date
Explanation:
The income recognized in year one is purely for year one. It is not necessary to determine the income in year two. The progress billings to date do not impact the income to be recognized in any year. It is not relevant. The relevant items include the actual cost to date and the total expected cost vis-a-vis the expected total or contract revenue.
Which type of graphic organizer would best organize your notes on how to start a small business?
A). a timeline
B). a Venn diagram
C). problem-solution chart
D). a cluster diagram
Answer:
a Venn diagram
Explanation:
PERSONAL FINANCE WILL GIVE BRAINLIEST !!Melanie is having a lot of financial problems. She is drowning in debt and needs help. She is looking for an organization to help her. What is a sign of a reputable organization?
A.
They disclose your rights clearly and share with you free services that may be helpful to you.
B.
They charge you for their services before those services have been completed.
C.
They are not related to your personal bank or financial institution.
D.
They are not classified as a consumer protection agency.
Answer:
A. They disclose your rights clearly and share with you free services that may be helpful to you.
Explanation:
Answer:
A.
They disclose your rights clearly and share with you free services that may be helpful to you.
Explanation:
Which phrase best completes the diagram?
Exchange rate increases. -> ___?____
A. Interest rates increase
B. Trade deficit increases
C. Economic growth decreases
D. Inflation rates increase
Explanation:
trade deficite ingreasea
The correct phrase to complete the diagram is "Trade deficit increases". When the exchange rate increases, it means that the currency of the country becomes stronger relative to other currencies. Therefore, option B is correct.
What is an Exchange rate?An exchange rate refers to the value of one currency expressed in terms of another currency. In other words, it is the price of one currency in terms of another currency.
Exchange rates are used to convert one currency into another for a variety of purposes, such as international trade, investment, tourism, and remittance. Exchange rates are constantly fluctuating due to a variety of factors, including economic, political, and social factors, as well as supply and demand in foreign exchange markets.
Exchange rates can be expressed in two ways: direct quote and indirect quote. A direct quote expresses the value of one unit of a foreign currency in terms of the domestic currency, while an indirect quote expresses the value of one unit of the domestic currency in terms of the foreign currency.
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Which one of these equations is an accurate expression of the balance sheet? Assets ≡ Liabilities −Stockholders’ equity Stockholders’ equity ≡ Assets + Liabilities Liabilities ≡ Stockholders’ equity −Assets Assets ≡ Stockholders’ equity −Liabilities Stockholders’ equity ≡ Assets −Liabilities
Answer:
Stockholders’ equity ≡ Assets −Liabilities
Explanation:
The Balance Sheet equation is also known as the Accounting equation. It can be written in 3 ways as :
Assets = Equity + Liabilities
or
Equity = Assets - Liabilities
or
Liabilities = Assets - Equity
Bleeding Edge Technologies makes surgical scalpels which are supplied to medical equipment suppliers in boxes. The weekly demand for the scalpels from the distributors is 1000 boxes. The Bleeding Edge factory works two (2) 8-hour shifts daily, 5 days a week. In each shift the workers are given a 30-minute paid lunch break during which no production occurs. The takt time for scalpel boxes is: a. 6.72 minutes b. 4.5 minutes c. 4.8 minutes d. 6.3 minutes
Answer:
a. 6.72 minutes
Explanation:
There is total weekly demand for 1000 boxes. The production is assumed to be same as the weekly demand. The factory workers have two shifts for 5 days. The total hours which factory workers work every week is :
5 days * 7.5 hours * 2 shifts = 75 hours per week
1000 / 75 hours = 13.33
13.33 / 2 = 6.72 minutes
Each of the following are advantages of bonds except: multiple choice bonds do not affect owner control bonds require payment of periodic interest and par value at maturity bonds can increase return on equity
Answer:
bonds require payment of periodic interest and par value at maturity bonds.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
The disadvantages of bonds are listed below as;
1. Bonds typically require a payment of periodic interest.
2. Bonds require a payment of the principal amount.
3. Bonds can decrease a person's return on equity.
4. The payments of a bond by the bond issuer may become burdensome when cash flow and income are quite low.
At the beginning of 2019, Sunshine Corporation issued 18,000 shares of $100 par, 7%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning 100 shares receive in 2021 if Sunshine pays $1,000,000 in dividends
Answer:
the amount of dividend that would be paid to the preferred shareholder is $2,100
Explanation:
The computation of the amount of dividend that would be paid to the preferred shareholder is shown below;
= Par value × dividend rate × number of shares × number of years
= $100 × 7% × 100 × 3 years
= $2,100
hence, the amount of dividend that would be paid to the preferred shareholder is $2,100
The same is to be relevant
ou own a portfolio that has $2,700 invested in Stock A and $3,800 invested in Stock B. Assume the expected returns on these stocks are 12 percent and 18 percent, respectively. What is the expected return on the portfolio
Answer:
the expected return on the portfolio is 15.50%
Explanation:
The computation of the expected return on the portfolio is shown below:
Total investment is
= $2,700 + $3,800
= $6,500
Now
Expected return of portfolio is
= ($2,700 ÷ $6,500) × 12 + ($3,800 ÷ $6,500) × 18
= 4.98% + 10.52%
= 15.50%
Hence, the expected return on the portfolio is 15.50%
Ending raw materials would appear in which of the following budgets?
(A) Debit Labor Budget
(B) Direct Materials Budget
(C) Budgeted Income Statement
(D) Sales Budget
Answer:
B
Explanation:
Raw materials will fall under a material budget as it is only for purchasing the raw materials
The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant. True False
Answer:
True
Explanation:
At the time when the future sum of the present value reduced and it can be either the discount rate or the number of the period on a yearly basis increased being the other things would remain the same
So the given statement is true
Hence, the same should be considered and relevant too
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
The question is incomplete. The complete question is :
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
Regular withdrawal $ 2200
Interest rate 2%
Frequency Monthly
Time 20 years
Solution :
Given :
Monthly withdrawal = $ 2200
Interest rate = 2%
Frequency = monthly
Time = 20 years
= 20 x 12 = 240 months
Formula used :
[tex]$w=\frac{[PZ^{r-1}(Z-1)]}{[Z^Y-1]}$[/tex] with Z = 1 + r
where, w = monthly withdrawal
P = principal amount
r = monthly interest rate
Y = Number of months
So, w = 2200
r = 2% = 0.02
Z = 1 + r
= 1 + 0.02 = 1.02
Y = 240
Therefore,
[tex]$2200=\frac{P(1.02)^{240-1}(1.02-1)}{(1.02)^{240-1}(1.02-1)}$[/tex]
[tex]$P=\frac{2200(115.888-1)}{113.6164(0.02)}$[/tex]
= 111,231829
≈ 111,232 (rounding off)
Thus, the account balance = $ 111,232
Brief Exercise 24-01 Wildhorse Company uses both standards and budgets. For the year, estimated production of Product X is 565,000 units. Total estimated cost for materials and labor are $1,243,000 and $1,638,500. Compute the estimates for (a) a standard cost and (b) a budgeted cost.
Answer and Explanation:
The computation is shown below:
a. The standard cost is
Fo material
= $1,243,000 ÷ 565,000 units
= $2.20 per unit
And, for labor it is
= $1,638,500 ÷ 565,000 units
= $2.90 per unit
b. The budgeted cost would be remian the same as the total cost i.e. $1,243,000 and $1,638,500
Hence, the same would be considered and relevant
A toy manufacturer uses 51,450 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.90 per wheel per year. Setup cost for a production run is $43. The firm operates 245 days per year. Determine the following:
Answer:
Requirement "a. Optimal run size (Round your answer to a whole number, following normal rules of rounding.) EPQ b. Use your final answer from part a to determine minimum total annual cost for carrying and setup. (Round your answer to a whole number.) Total Annual Inventory Cost"
a. Annual Demand D = 51450
Daily demand d = 210 {51450 / 245}
Daily production p = 800
Carrying cost per wheel per year H = $1.90
Setup cost S = $43
Optimal run size (EPQ) = √((2*D*S) / (H*(1 - (d/p))))
Optimal run size (EPQ) = √((2*51450*43) / (1.90*(1 - (210/800))))
Optimal run size (EPQ) = √((2*51450*43) / (1.90*0.7375))
Optimal run size (EPQ) = √(4424700 / 1.40125)
Optimal run size (EPQ) = √3157680.64
Optimal run size (EPQ) = 1776.986
Optimal run size (EPQ) = 1,777
b. Total Annual Setup cost = (D*S) / EPQ
Total Annual Setup cost = (51450*43) / 1777
Total Annual Setup cost = $1,244.99
Total Annual Carrying cost = ((H*EOQ)/2) * (1-(d/p))
Total Annual Carrying cost = ((1.90*1777)/2) * (1-(210 / 800))
Total Annual Carrying cost = ((1.90*1777)/2) * 0.7375
Total Annual Carrying cost = $1,688.15 * 0.7375
Total Annual Carrying cost = $1245.010625
Total Annual Carrying cost = $1,245.01
Total Minimum Annual cost for Carrying and Setup = Total Annual Carrying cost + Total Annual Setup cost
= $1245.01 + $1244.99
= $2,490
The final phase of the systems development life cycle is systems ________. Select one: a. implementation b. maintenance c. operation d. design e. analysis
Answer:
b. maintenance
Explanation:
The systems development life cycle contains 5 steps i.e.
1. Planning
2. Analysis
3. Design
4. Implementation
5. Maintenance
The final phase is the maintenance & required regular updated. It occurs when the end users could fine the system in the case when they want to increase the performance, or add new capabilities or meeting extra user requirements so it can be done under this step
Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 3,520 shares. At the time of the stock dividend, the market value per share was $14. The entry to record this dividend is:______.
a. Debit Retained Earnings $49.280 Credit Common Stock Dividend Distributable $49.280
b. No entry is needed
c. Debit Common Stock Dividend Distributable $49,280, credit Retained Earning 549.280.
d. Debit Retained Earnings $35200. cred Common Stock Dividend Distribble $35.200
e. Debit Retained Emming $49.280 credit Common Stock Dividend Darts $35.200, credit Peld in Capital in Bress of Par Value. Common Stock $14,080
Answer:
e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200
Credit Paid in capital in excess of par value(Common stock) $14,080
Explanation:
The journal entry is as follows:
Retained earnings (3,520 shares × $14)
Dr $49,280
_______ Common stock dividend distributable (3,520 shares × $10)
Cr $35,200
_______ Paid in capital in excess of par value ($49,280 - $35,200)
Cr $14,080
If Larry does not know about the theft or any problems with the instrument, what is the status of Larry
Incomplete question. The full question read;
Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Landlord, to whom Theron already owes $1000. If Larry does not know about the theft or any problems with the instrument, what is the status of Larry:
1. Accommodation Indorser
2. Ordinary Holder
3. A Maker
4. Holder in Due Course
Answer:
4. Holder in Due Course
Explanation:
Under the provisions made by the law, basically when someone holds possession of a payment instrument such as a check without knowledge that the instrument has either been:
dishonored,or it has been altered, forged,or contain some irregularities, etc,This individual (Larry) who holds this payment instrument in good faith is termed the Holder in Due Course.
At Sheridan Electronics, it costs $30 per unit ($16 variable and $14 fixed) to make an MP3 player that normally sells for $49. A foreign wholesaler offers to buy 4,570 units at $25 each. Sheridan Electronics will incur special shipping costs of $1 per unit. Assuming that Sheridan Electronics has excess operating capacity, indicate the net income (loss) Sheridan Electronics would realize by accepting the special order.
The special order should be:________
Answer:
Reject Accept Net Income
order order increase / (decrease)
Revenues $0 $114,250 $114,250
(4570*25)
Cost - variable manufacturing $0 $73,120 ($73,120)
(4570*16)
Shipping $0 $4,570 ($4,570)
(4570*1)
Net Income $0 $36,560 $36,560
So, the special order should be accepted.
Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 100,000 units of basic, 460,000 units of classic, and 170,000 units of deluxe. Bricktan has limited production capacity of 110,000 hours. It can produce 10 units of basic, 8 units of classic, and 4 units of deluxe per hour. Contribution margin per unit is $15 for the basic, $25 for the classic, and $55 for the deluxe. What is the total contribution margin if Bricktan chooses the most profitable sales mix
Answer:
Bricktan Inc.
The total contribution margin if Bricktan chooses the most profitable sales mix is:
= $22,350,000.
Explanation:
a) Data and Calculations:
Basic Classic Deluxe
Sales units 100,000 460,000 170,000
Limited production capacity = 110,000 hours
Units per hour 10 8 4
Sales mix 10 8 4
Contribution per unit $15 $25 $55
Contribution per hour $150 $200 $220
Total production hours 10,000 57,500 42,500
Total contribution margin $1,500,000 $11,500,000 $9,350,000
Total contribution = $22,350,000
Stine Inc. had 500,000 shares of common stock issued and outstanding at December 31, 2014. On July 1, 2015 an additional 500,000 shares were issued for cash. Stine also had stock options outstanding at the beginning and end of 2015 which allow the holders to purchase 150,000 shares of common stock at $28 per share. The average market price of Stine's common stock was $35 during 2015. The number of shares to be used in computing diluted earnings per share for 2015 is
Answer:
780,000
Explanation:
Calculation to determine what The number of shares to be used in computing diluted earnings per share for 2015 is.
Diluted earnings per share=(500,000* 6/12) + (1,000,000 *6/12) + [((35 – 28) ÷35) *150,000]
Diluted earnings per share=250,000+500,000+30,000
Diluted earnings per share= 780,000.
Therefore The number of shares to be used in computing diluted earnings per share for 2015 is.780,000
Tabitha sells real estate on March 2 of the current year for $334,000. The buyer, Ramona, pays the real estate taxes of $16,700 for the calendar year, which is the real estate property tax year. Round any division to four decimal places and use in subsequent calculations. Round your final answers to the nearest dollar. Assume a 365-day year.
Answer:
Requirement "Determine the real estate taxes apportioned to and deductible by the seller, Tabitha, and the amount of taxes deductible by Ramona. Tabitha"
Tabitha will pay the Real estate tax until March 1 and this would be deductible from Tabitha. No of days = 60 days (January 1 to March 1)
Amount of tax deductible from Tabitha = $16,700* (60/365)
= $16,700 * 0.1644
= $2,745.48
= $2,745
Amount of tax deductible from Ramona = $16,700 * (305/365)
= $16,700 * 0.8356
= $13954.52
= $13,955
What is the Net Present Value of the following cash flow streams at an interest rate of 8.25%: at year 0: $0; year 1: $75; year 2: $225; year 3: $0; and year 4: $300. $__.
Answer:
the net present value is $479.7743
Explanation:
The computation of the net present value is shown below:
= cash flow ÷ (1+interest rate)^number of years
= $75 ÷ (1.0825) + $225 ÷ (1.0825)^2 + $300 ÷ (1.0825)^4
= $479.7743
Hence, the net present value is $479.7743
We simply applied the above formula so that the correct amount could come
Assume Argentina has production possibilities to produce either 35 batches of apples or 70 batches of peaches using 100 worker hours. If it chooses to produce 15 batches of apples, how many batches of peaches can it produce
Answer:
40
Explanation:
Batches of apples produced in one hour = 35/100 = 0.35
Batches of peaches produced in one hour = 70/100 = 0.70
total hours it would take to produce 15 batches of apples = 15 / 0.35 = 42.86 = 43 hours
this would leave (100 - 43) 57 hours to make peaches
Batches of peaches that can be made in 43 hours = 57 x 0.7 = 39.9 = 40 batches
On January 1, 2021, Summer Fashions Corp. awarded restricted stock units (RSUs) representing 5 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $9.00 per share. The journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023, would include a:
Answer:
Following are the journal entry to the given question:
Explanation:
Payment on stock capital limited 45
Stock Popular 5
Capital payments on surplus par 40
Assume that you manage a $10.00 million mutual fund that has a beta of 1.05 and a 9.50% required return. The risk-free rate is 4.20%. You now receive another $5.00 million, which you invest in stocks with an average beta of 0.65. What is the required rate of return on the new portfolio
Answer:
8.83%
Explanation:
The computation of the required return is shown below;
The market risk premium is
= 9.5% - 4.2% ÷ 1.05
= 5.048%
Now
beta of portifolio is
= 10 ÷ 15 × 1.05 + 5 ÷ 15 × 0.65
= 0.9167
And, finally
required return is
= 4.2% + 0.9167 × 5.048%
= 8.83%
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,538,000 $2,485,700 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 80,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to
Answer:
1. Earnings per share = (Net income - Preferred Dividend) / Average Common Stock EPS
Earnings per share 20Y5 = (1538000 - 50000) / 80000
Earnings per share 20Y5 = $18.60
Earnings per share 20Y6 = (2485700 - 50000) / 115000
Earnings per share 20Y6 = $21.18
2. The charnge in EPS is Favourable because there is increase in Earnings per share over the year.
For several years, Flame Corporation has had a current ratio that was consistent with the other companies in its industry. For most recent year, Flame's current ratio was significantly higher than that of the industry. What is the best possible explanation for this situation
Answer: b. Flowers liquidity has improved
Explanation:
The Current ratio is calculated by dividing the current assets of a company by its current liabilities. The current assets represent the liquidity of the company as they comprise of assets like cash and marketable securities.
If the current ratio was to increase, it would mean that either the numerator (current assets) increased or the denominator (current liabilities) decreased or that both happened. There is an option for the liquidity increasing which is saying that the numerator increases so this is correct as it is in line with what could have happened.
ABC's sales equal $60,000 and cost of goods sold equals $20,000. Its beginning inventory was $1,600 and its ending inventory is $2,400. ABC's inventory turnover ratio equals how many times a year?
A) 5 times.
B) 30 times.
C) 10 times.
D) 20 times.
Answer:
C) 10 times
Explanation:
Calculation to determine ABC's inventory turnover ratio equals how many times a year
Using this formula
Inventory turnover ratio =Cost of goods sold equals /Average inventory
Let plug in the formula
Inventory turnover ratio=$20,000/[($1,600+$2,400)/2]
Inventory turnover ratio=$20,000/($4,000/2)
Inventory turnover ratio=$20,000/$2,000
Inventory turnover ratio=10 times
Therefore ABC's inventory turnover ratio will equals 10 times a year
ABC's sales equal $60,000 and cost of goods sold equals $20,000. The, ABC's inventory turnover ratio equals to 10 times a year.
What is Inventory Turnover ratio?
Inventory turnover ration represents the total inventory that is sold, but and replaced by person. It can be calculated by dividing cost of goods sold by average inventory.
Calculation to determine ABC's inventory turnover ratio:-
Inventory turnover ratio =Cost of goods sold equals /Average inventory
Inventory turnover ratio=$20,000/[($1,600+$2,400)/2]
Inventory turnover ratio=$20,000/($4,000/2)
Inventory turnover ratio=$20,000/$2,000
Inventory turnover ratio=10 times
Therefore, correct option is C.
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The task force members had trouble at first but finally the tension subsided, roles became clear, and information began to flow between members. In what phase of team development is this task force
Answer:
Norming
Explanation:
Since in the question it is mentioned that the roles are very clear to the team members also the information is starting to flow so here the team development represent the norming phase of this task force as in this stage the performance of the team rised since the members are ready to learn &corporate and also begins to focus on the team goal and objectives
Marina collects and records data in an Excel spreadsheet. She uses the data to produce a line graph.
Marina wants to change the graph so the minimum distance on the y-axis is 0. What should be done to make this change?
A. Adjust the Minimum option to Fixed and change to 0.
B. Adjust the chart style to a 3-D chart so all the data will be displayed.
C. Adjust the selection pane so that the full range of data is selected.
D. Adjust the intervals between tick marks to -10 in the Axis Options box.
Answer:
A. Adjust the Minimum option to Fixed and change to 0.
Explanation:
Took the course
Dell has a standard usage of 1 pound direct materials. Direct materials have a standard price of $26 per pound. In April, Dell produced 4,790 units and paid $142,000 for 5,030 pounds direct materials. Calculate the direct materials quantity variance.
Answer:
the direct material quantity variance is $6,240 unfavorable
Explanation:
The computation of the direct material quantity variance is shown below:
The direct material quantity variance is
= (Actual quantity - standard quantity) × standard price
= (5,030 pounds - 4,790 pounds) × $26
= $6,240 unfavorable
Hence, the direct material quantity variance is $6,240 unfavorable
The same would be considered and relevant