Answer:
A. $3,275,000
B. $3,275,000
C. $3,075,000
D. $3,075,000
Explanation:
A. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a SOLE PROPRIETORSHIP,
First step is to calculate the FMV of the net assets
FMV of the net assets=($925,000 - $200,000)
FMV of the net assets =$725,000
Now let calculate the amount the owner is liable of
Amount liable=($10,000,000-$6,000,000)-$725,000
Amount liable= ($4,000,000 - $725,000).
Amount liable=$3,275,000
Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a SOLE PROPRIETORSHIP is $3,275,000
B. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a PARTNERSHIP
First step is to calculate the net FMV of the
net assets
Net FMV of the
net assets =($925,000 - $200,000)
Net FMV of the
net assets= $725,000
Now let calculate the partners are liable of
Amount liable=($10,000,000-$6,000,000)-$725,000
Amount liable= ($4,000,000 - $725,000).
Amount liable=$3,275,000
Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a PARTNERSHIP is $3,275,000
C. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a C corporation
Corporate debts=($10,000,000-$6,000,000)-$925,000
Corporate debts=($4,000,000 - $925,000).
Corporate debts =$3,075,000
Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a C corporation is $3,075,000
D. Calculation to determine how much of the judgment is the entity and its owners liable if Sea Green is a S corporation
Corporate debts=($10,000,000-$6,000,000)-$925,000
Corporate debts=($4,000,000 - $925,000).
Corporate debts =$3,075,000
Therefore the amount of the judgment that the entity and its owners liable if Sea Green is a S corporation is $3,075,000
Sweet Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 2,800 shares of Anderson Co. common stock which cost $56,000, (2) 10,500 shares of Munter Ltd. common stock which cost $588,000, and (3) 6,000 shares of King Company preferred stock which cost $252,000. The Fair Value Adjustment account shows a credit of $10,600 at the end of 2020.
In 2021, Parnevik completed the following securities transactions.
1. On January 15, sold 3,240 shares of Andersonâs common stock at $23 per share less fees of $2,120.
2. On April 17, purchased 1,200 shares of Castleâs common stock at $33 per share plus fees of $1,840.
On December 31, 2021, the market prices per share of these securities were Munter $64, King $40, and Castle $23. In addition, the accounting supervisor of Parnevik told you that, even though all these securities have readily determinable fair values, Parnevik will not actively trade these securities because the top management intends to hold them for more than one year.
Required:
a. Prepare the entry for the security sale on January 15, 2021.
b. Prepare the journal entry to record the security purchase on April 17, 2021.
c. Compute the unrealized gains or losses.
Answer: See attachment
Explanation:
a. Prepare the entry for the security sale on January 15, 2021.
Jan 15, 2021:
Debit Cash $72400
Credit Gain on equipment sale $16400
Credit Equity Investment $56000
b. Prepare the journal entry to record the security purchase on April 17, 2021.
April 17, 2021:
Debit Equity Investment $41440
Credit Cash $41440
c. Compute the unrealized gains or losses.
The unrealized gain is $68760
Check the attachment for further details.
Which of the following stocks had the highest trading price at the end of the day?
the answer is D, I had the same problem
The correct option is D. Search Engine had the highest trading price at the end of the day. Because the low is 470.56 which highest among all of them.
What is stock?A stock is a type of instrument that denotes the holder's ownership stake in the issuing company and is typically traded on stock markets. To raise money to run their businesses, corporations issue stock.
Thus, the highest trading price at the end of the day is because search engine makes a high of 477.65 in the day which is the highest among all of them.
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Explain why different communication methods are used in the business environment?
Answer:
Different communication methods are used in different circumstances because sometimes a certain method will be more effective in terms of cost, time and impact, and sometimes it will be more appropriate.
Explanation:
Different communication methods are used in the business environment to suit different situations and needs. It is important to choose the right method of communication to ensure effective communication and to avoid misunderstandings.
There are some important communication methods are:
Face-to-face communication is utilized when there needs to be rapid clarification, feedback, or discussion.
When a written record of the conversation is required or the receiver cannot be reached in person, email is the preferred means of communication.
When a formal debate or presentation is required, this approach is employed in business meetings.
Social media is a technique utilized when a wide audience has to be reached fast.
Applications for team messaging are utilized when quick, informal communication is required among team members.
As a result, the significance of the different communication methods are used in the business environment are the aforementioned.
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Firm 1 and firm 2 are competing for a franchise. The present value of the net revenues generated by the franchise are equal to R. Each firm’s probability of winning the franchise is given by its proportion of the total spent by the two firms on lobbying the local government committee that awards the franchise. That is, if I1 and I2 represent the lobbying expenditures of firms 1 and 2, respectively, then firm 1’s probability of winning is given by I1/(I1 + I2), while firm 2’s probability of winning is I2/(I1 + I2). If each firm assumes that the other firm’s spending is independent of its own, what is the equilibrium level of spending for each firm?
Answer:
Equilibrium level of spending = R
Explanation:
Firm 1 : I1 ( lobbying expenditure ) , P of firm 1 = I1/(I1 + I2 )
Firm 2 : I2( lobbying expenditure) , P of firm 2 = I2/(I1 + I2 )
The equilibrium level of spending for each firm will be = present value of net revenues that is being generated by the Franchise
i.e. equilibrium level of spending = R
Cobb Company produces 8,000 parts each year, which are used in the production of one of its products. The unit product cost of a part is $36, computed as follows: Variable production costs $16 Fixed production costs 20 The parts can be purchased from an outside supplier for only $24 each. If the part is outsourced, fixed production costs would be reduced by one-fourth. If the parts are purchased from the outside supplier, the annual impact on the company's operating income will be:
Answer:
Explanation:
Total unit product cost = $36
If purchased from outside, then fixed costs will be only $15 because 25% of 20 will be reduced.
So, if purchased from outside,
Total unit cost = 24 + 15
Total unit cost = $39
So, it is more when purchased from outside. Total operating income will decrease by = 8,000 * (39 - 36) = $24,000
The Kentucky government approves tax incentives to encourage more industry to move to the state. Which of the following statements best describes a potential negative externality? (1 point)
a
Development results in reduction of green space.
b
Taxes for local road maintenance decrease.
c
The state gambling industry fails to fund education.
d
The state park system loses positive media coverage.
Answer:
a
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
On January 2, 2020, Oriole Company began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
January 2, 2020 $603000
September 1, 2020 1810800
December 31, 2020 1810800
March 31, 2021 1810800
September 30, 2021 1218000
Oriole Company borrowed $3300000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $13560000 in 7% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was: ___________-
a. $474600
b. $158200
c. $482340
d. $120660
Answer:
Oriole Company
The interest capitalized for 2020 was: ___________-
d. $120660
Explanation:
a) Data and Calculations:
Construction Expenditures:
Date Expenditure Weight Weighted Average
January 2, 2020 $603,000 12/12 $603,000
September 1, 2020 1,810,800 4/12 603,600
December 31, 2020 1,810,800 0/12 0
Accumulated Weighted-Average Expenditure $1,206,600
January 2, 2020 Construction Loan $3,300,000
Interest rate of construction loan = 10%
Capitalized Interest for 2020 = $1,206,600 * 10% = $120,660
2021 Expenditure:
March 31, 2021 1,810,800
September 30, 2021 1,218,000
Other outstanding debts:
7% bonds = $13,560,000
what issues should be covered in the negotiations between your organization and the outsourcing organization. You can list the issue, and then follow up with a couple of sentences to explain. Some groups think of this as what goes into the contract, although there are issues to consider that might not be in the contract. Cultural differences between the two organizations would be an example of an issue that is important to consider, but may not be put in the contract.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The issues that should be covered in the negotiations between your organization and the outsourcing organization are the following.
As it is written in the question, the corporate culture of the outsourcing company is one of the issues to be discussed because it is important that the outsource company understand your values, mission, and mission, so the relationship could be professional and amicable.
Then, one important aspect of the negotiation must be the lines of communication to be "on the same page."
Another issue is the services to be provided, the price for each service and the way results are going to be measured.
As important as the previous issue, is the quality of the people who are going to be temñporarly hired, so there are no big differences between the quality of work from the employees of your company vs. the employees recommended and hired by the outsourcing company.
The level of expertise at suppliers is a major concern of your company. The outsourcing company has to show ways provable ways that guaranteed the expertise of suppliers.
One final important aspect is the solution of controversies in case there are problems between suppliers and your company, knowing that the outsourcing company is responsible for the hirings and contracts with the outsourced workers.
Lynn has an account that ears interest at annual rate of 5% percent. Interest is compounded quarterly. Lynn’s account is $4000. What is the balance in her account at the end of the year
Answer:
Ending balance in account = $4,203.8 (Approx.)
Explanation:
Given:
Starting balance in account = $4,000
Rate of interest annually = 5%
Number of year = 1
Find:
Ending balance in account
Computation:
Compounded quarterly
So,
Number of interest period = 1 x 4 = 4
Rate of interest quarterly = 5% / 4 = 1.25% = 0.0125
So,
A = P[1+r]ⁿ
Ending balance in account = 4,000[1+0.0125]⁴
Ending balance in account = 4,000[1.0125]⁴
Ending balance in account = 4,000[1.05094]
Ending balance in account = 4203.76
Ending balance in account = $4,203.8 (Approx.)
The following information is taken from the production budget for the first quarter: Beginning inventory in units 1200 Sales budgeted for the quarter 356000 Capacity in units of production facility 402000 How many finished goods units should be produced during the quarter if the company desires 3200 units available to start the next quarter
Answer:
358,000
Explanation:
The number of units to be produced is dependent on the desired closing units, the sales and opening balance
Hence,
Opening balance + Units produced - Sales = Closing balance
Let the goods produced be y
1,200 + y - 356,000 = 3,200
y = 3,200 + 356,000 - 1,200
y = 358,000
The company should produce 358,000 units during the quarter if company desires 3,200 units available to start the next quarter.
Read the following short scenario. Then select the response that best describes your views.
ABC Insurance Company served the inner-city area of a large western city with homeowners insurance. Recently, because of civil unrest, payment of claims exceeded estimates and the company found itself in the position of having to substantially reduce the dividend payment to its shareholders. The research department suggested the company cancel all policies in the inner city area and begin writing policies in the more affluent subdivisions of the city.
1. No ethical concern
2. Minor ethical concern
3. Moderate ethical concern
4. Important ethical concern
5. \Extremely important ethical concern
Answer:
4.
Explanation:
The response that best describes the views is, Important ethical concern. The suggestion to cancel all policies in the inner city area and shift focus to more affluent areas raises an important ethical concern, that could be considered redlining.
Hence, the correct option is 4.
The scenario raises an important ethical concern. The suggestion to cancel all policies in the inner city area and shift focus to more affluent subdivisions of the city indicates a potential discriminatory practice. By selectively serving only the more affluent areas and abandoning the inner-city area, the company would be engaging in redlining, which is the unfair practice of denying or limiting services based on geographical location or socioeconomic factors.
This action perpetuates social and economic disparities, further marginalizing an already disadvantaged community. Such a decision based on financial considerations without considering the impact on the affected community raises significant ethical concerns.
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Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,700. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,600, outstanding checks of $2,200, a NSF check of $900, bank service charges of $40 and the EFT from a customer in payment of the customer's account of $1,700. What is the up-to-date ending Cash balance
Answer:
Up-to-date cash balance $18,100
Explanation:
The computation of the up to date ending cash balance is shown below:
Cash balance as per bank statement $18,700
Add: Deposit-in-transit $1,600
Less: Outstanding checks -$2,200
Up-to-date cash balance $18,100
Here we add the deposits and subtracted the outstanding checks so that the up to date cash balance could come
The same would be considered
Media Relations are marketing activities that involves writing press releases and organizing news conferences for a sports organization
A) True
B) False
Answer:
Hello! Your answer is, A)True
Explanation:
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Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash, (2) $38,400 cash, and (3) $33,300 cash. Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash.
Answer:
1. Cash Debit $ 47,000
Accumulated Depreciation equipment Debit $ 40,800
Gain on sale of equipment Credit $ 11,000
Equipment Credit $ 76,800
To record sale of equipment for $ 47,000 and gain on sale of $ 11,000
2. Cash Debit $ 36,000
Accumulated Depreciation equipment Debit $ 40,800
Equipment Credit $ 76,800
To record sale of equipment for $ 36,000
3. Cash Debit $ 31,000
Accumulated Depreciation equipment Debit $ 40,800
Loss on sale of equipment Debit $ 5,000
Equipment Credit $ 76,800
To record sale of equipment for $ 31,000 and loss on sale of $ 5,000
Explanation:
Computation of net book value
Cost of equipment $ 76,800
Less: Accumulated depreciation $ 40,800
Net book value $ 36,000
In first step where the equipment is sold of $ 47,000, the differential between the sale value and the net book value is the gain on sale and is credited in the accounting entry.
In the second step, where the equipment is sold for $ 36,000, the sale proceeds is exactly equal to the net book value and no gain or loss is recorded.
In the third step, the equipment is sold for $ 31,000 and the differential between the net book value and the sale proceeds is a loss and recorded as a debit in the accounting entry
The is recorded as Book value of old equipment = $81,600 − $43,200 =38,400 which is consider as Cash.
What is depreciation?As a result of use, damage, or obsolescence, an asset's monetary worth drops in value over time indicating depreciation. This depreciation cause due wear and tear, expiration, or consumption.
The calculation for the sale of equipment is attached with the answer.
Therefore, the Gain on sale of Equipment is calculated as 12,200 and the Loss on sale of equipment as 5,100 under separate cases.
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Ross, a sales executive with Steel Mill Inc., learns of undisclosed company plans to produce a new type of steel. Ross tells Tim, who tells Uri, who buys 100 shares of Steel Mill stock. Uri knows that Tim got the information from Ross. When the firm publicly announces its new product, Uri sells the stock for a profit. Under the Securities Exchange Act of 1934, Uri is most likely
Answer:
a. liable for insider trading
Explanation:
THESE ARE THE OPTIONS FOR THE QUESTION BELOW;
a. liable for insider trading. b. not liable because Uri is only a tippee, not a tipper. c. not liable because Uri is too far removed from the initial disclosure. d. not liable because Uri traded on the basis of a material fact.
From the question, we are informed about Ross, who is a sales executive with Steel Mill Inc., learns of undisclosed company plans to produce a new type of steel. Ross tells Tim, who tells Uri, who buys 100 shares of Steel Mill stock. Uri knows that Tim got the information from Ross. When the firm publicly announces its new product, Uri sells the stock for a profit. In this case, Under the Securities Exchange Act of 1934, Uri is most likely liable for insider trading. The Securities Exchange Act of 1934 was set up to govern securities transactions base on secondary market, which when issued it will ensure greater financial transparency as well as accuracy along with less fraud and manipulation. The Act gives empowerment to SEC so the body can require periodic reporting of information from firms with publicly traded securities.
Brady owns a second home that he rents to others. During the year, he used the second home for 50 days for personal use and for 100 days for rental use. Brady collected $20,000 of rental receipts during the year. Brady allocated $7,000 of interest expense and property taxes, $10,000 of other expenses, and $4,000 of depreciation expense to the rental use. What is Brady's net income from the property and what type and amount of expenses will he carry forward to next year, if any
Answer: $0
Explanation:
In order for a residence to be classified as a personal residence, one has to have stayed there for more than 10% of the time the property was rented out in one year.
50 days is greater than 10% of 100 days so this is classified as a residential property.
Deductions can therefore be made on rental expenses but only up until the the the amount of the rental income:
= Rental income - Interest expense - Other expenses - Depreciation
= 20,000 - 7,000 - 10,000 - 4,000
= -$1,000
Rental income will therefore be $0.
The $1,000 loss will be carried forward from Depreciation.
An entity had the following account balances at year end. Sales $452,000 Cash 23,400 Accounts payable 14,300 Rent expense 3,700 Accounts receivable 9,400 Cost of goods sold 214,000 Land 104,000 Unearned revenue 6,800 Gain on sale 17,500 Equipment 28,800 Inventories 2,200 Notes payable 67,000 What is the amount of total current assets reported on the balance sheet
Answer:
Total Current Assets = 35000
Explanation:
The current assets are the assets of a business which are expected to be used or sold within a year. These assets normally include cash, cash at bank, accounts receivables, inventory etc. The total current assets for the given question will be,
Current Assets
Inventory 2200
Accounts Receivable 9400
Cash 23400
Total 35000
The income statement and additional data of Minerals Plus, Inc. follows:
Prepare Minerals Plus's statement of cash flows for the year ended September 30, 2024, using the indirect method. Include a separate section for non-cash investing and financing activities.
Additional information:
a. Acquisition of plant assets is $115.000. Of this amount, $100,000 is paid in cash and S15,000 by signing a note payable.
b. Cash receipt from sale of land totals $21,000. There was no gain or loss.
c. Cash receipts from issuance of common stock total $28.000.
d. Payment of note payable is $14,000.
e. Payment of dividends is $6.000.
f. From the balance sheet:
September 30
2018 2017
Cash $35,000 $17,000
Accounts Receivable 40,000 54,000
Merchandise Inventory 98,000 94,000
Land 74,000 95,000
Plant Assets 185.000 50,000
Accumulated Depreciation (51.000) (22,000)
Accounts Payable 35,000 21,000
Accrued Liabilities 16,000 21,000
Notes Payable (long-term) 15.000 14,000
Common Stock, no par 41.000 13,000
Retained Earnings 255,000 219.000
Net Income
Answer:
Minerals Plus, Inc.
Cash Flow Statement
For year ended 31st December 2024
Cash Flows from Operating Activity
Net Income $42,000
Adjustments to reconcile net income to
net cash provided by operating activities
Depreciation expense $29,000
Decrease in Accounts receivables $14,000
Increase in Inventory $(4,000)
Increase in Accounts Payable $14,000
Decrease in accrued liabilities $(5,000) $48,000
Net cash provided Operating activities $90,000
Cash flows from Investing Activities
Sales of land $21,000
Purchase of plant asset $(100,000)
Net Cash used by Investing activities $(79,000)
Cash Flows from Financing activities
Payments of dividends $(6,000)
Payment of notes payable $(14,000)
Issue of common stock $28,000
Net Cash Provided by Financing activities $8,000
Net Increase (Decrease) in Cash [A+B+C] $19,000
Cash at the beginning $17,000
Cash at the end $36,000
On June 30, 2020, Sage Company issued $3,551,000 face value of 13%, 20-year bonds at $3,818,140, a yield of 12%. Sage uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. Your answer is partially correct.
Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts,
(1) The issuance of the bonds on June 30, 2020.
(2) The payment of interest and the amortization of the premium on December 31, 2020.
(3) The payment of interest and the amortization of the premium on June 30, 2021.
(4) The payment of interest and the amortization of the premium on December 31, 2021.
Answer: See attachment
Explanation:
The journal entry to record the transactions has been attached.
1. The issuance of the bonds on June 30, 2020.
Debit Cash $3818140
Credit Premium on bonds payable $267140
Credit Bonds payable $3551000
(2) The payment of interest and the amortization of the premium on December 31, 2020.
Debit Interest expense $229088.4
Debit Premium on bonds payable $1726.6
Credit Cash $230815
(3) The payment of interest and the amortization of the premium on June 30, 2021.
Debit Interest expense $228984.8
Debit Premium on bonds payable $1830.2
Credit Cash $2380815
(4) The payment of interest and the amortization of the premium on December 31, 2021.
Debit Interest expense $228975
Debit Premium on bonds payable $1940
Credit Cash $230815
Why is the skills of Nurse Practitioner
going to be in such high demand in the
future?
Answer:
There are several contributory factors for greater demand for professional nurses in the future, some of which are: lower cost of the workforce and greater autonomy to assume responsibilities.
Explanation:
It is possible to see an increase in the demand for nursing professionals, and this demand will continue to increase in the future, and the reasons for this increase is the increase in the valuation of the profession, since there is still a lack of primary care doctors, being nurses the most suitable professionals to assume this position, having for this reason an increase in responsibilities, such as autonomy in the decision-making process, the possibility of prescribing medications and tests to certain patients.
There is also the fact that they provide essential care to the patient with a satisfactory cost-benefit, and these professionals are also able to provide family care and in outpatient centers, where the presence of nurses is extremely necessary. Therefore, it will be increasingly necessary for nurses to qualify and develop skills in the decision-making process.
Aubrae Company is making adjusting entries for the year ended December 31 of the current year. In developing information for the adjusting entries, the accountant learned the following:
a. A two-year insurance premium of $4,560 was paid on October 1 of the current year for coverage beginning on that date. The bookkeeper debited the full amount to Prepaid Insurance on October 1.
b. At December 31 of the current year, the following data relating to Shipping Supplies were obtained from the records and supporting documents.
Shipping on hand, January I of the current year $13,000
Purchases of shipping supplies during the current year 75,000
Shipping hand, counted on December 31 of the current year 20,000
Required:
a. Using the process illustrated in the chapter, record the adjusting entry for insurance at December 31 of the current year.
b. Using the process illustrated in the chapter, record the adjusting entry for supplies at December 31 of the current year, assuming that the shipping supplies purchased during the current year were debited in full to the account Shipping Supplies.
c. What amount should be reported on the current year’s income statement for Insurance Expense? For Shipping Supplies Expense?
d. What amount should be reported on the current year’s balance sheet for Prepaid Insurance? For Shipping Supplies?
Answer:
Aubrae Company
Adjusting Journal Entries:
a. Insurance:
Debit Insurance expense $570
Credit Prepaid Insurance $570
To record insurance expense for 3 months.
b. Shipping supplies:
Debit Shipping supplies expense $68,000
Credit Shipping supplies $68,000
To record shipping supplies expense for the year.
Explanation:
a) Data and Analysis of Adjusting Entries:
a. Insurance expense $570 Prepaid Insurance $570
($4,560/24 * 3)
b. Shipping supplies expense $68,000 Shipping supplies $68,000
Insurance Expense:
Prepaid insurance = $4,560 for 24 months
Each month equals $190
Expense for October to December = $570 ($190 * 3)
Shipping expense:
Shipping on hand, January I of the current year $13,000
Purchases of shipping supplies during the current year 75,000
Shipping hand, December 31 of the current year (20,000)
Shipping supplies used during the current year = $68,000
What is a BFOQ? Should BFOQs be allowed?
Answer:
In employment law, a bona fide occupational qualification (BFOQ) (US) or bona fide occupational requirement (BFOR) (Canada) or genuine occupational qualification (GOQ) (UK) is a quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees—a quality that when considered in other contexts would constitute discrimination and thus be in violation of civil rights employment law. Such qualifications must be listed in the employment offering.[citation needed]
Explanation:
Canada
The law of Canada regarding bona fide occupational requirements was considered in a 1985 Canadian court case involving an employee of the Canadian National Railway, K. S. Bhinder, a Sikh whose religion required that he wear a turban, lost his challenge of the CNR policy that required him to wear a hard hat.[1] In 1990, in deciding another case, the Supreme Court of Canada amended the Bhinder decision: "An employer that has not adopted a policy with respect to accommodation and cannot otherwise satisfy the trier of fact that individual accommodation would result in undue hardship will be required to justify his conduct with respect to the individual complainant. Even then the employer can invoke the BFOQ defence."[2]
United States
In employment discrimination law in the United States, both Title VII of the Civil Rights Act of 1964 and the Age Discrimination in Employment Act contain a BFOQ defense. The BFOQ provision of Title VII provides that:
[I]t shall not be an unlawful employment practice for an employer to hire and employ employees, for an employment agency to classify, or refer for employment any individual, for a labor organization to classify its membership or to classify or refer for employment any individual, or for an employer, labor organization, or joint labor-management committee controlling apprenticeship or other training or retraining programs to admit or employ any individual in any such program, on the basis of his religion, sex, or national origin in those certain instances where religion, sex, or national origin is a bona fide occupational qualification reasonably necessary to the normal operation of that particular business or enterprise ...[3]
i'm not able to add the balance of the answer so pls go to https://en.wikipedia.org/wiki/Bona_fide_occupational_qualification
Braun Company has one service department and two operating (production) departments. Maintenance Department costs are allocated to the two operating departments based on square feet occupied. Listed below are the operating data for the current period:
Department Direct Expenses Square Feet
Maintenance $25,500
Milling 76,500 10,000
Assembly 105,400 15,000
The total cost of operating the Assembly Department for the current period is: _________
Answer:
Total operating expenses for assembly department $120,700
Explanation:
The computation of the total operating cost for the assembly department is given below;
Given that
Maintainance department direct expenses is $25500
Here we have to divided into 2 departments
So the new ratio is 10,000: 15,000
i.e. direct expenses with respect to the maintenance department share per square feet is
= $25500 ÷ (10000 + 15000)
= $1.02 per square feet.
Now total direct expenses for the assembly department :
Direct expenses $105400
Add: Allocation of maintenance department direct expenses ($1.02 × 15000 square feet) $15300
Total operating expenses for assembly department $120,700
Broadbean Co. had the following amounts on its balance sheet on December 31, 2018: Common stock and Additional paid in capital $ 106,000 Retained earnings 642,000 Treasury stock 82,000 Accumulated other comprehensive income (loss) $ (25,000 ) During 2019, Broadbean Co. reported net income of $46,200, declared cash dividends of $31,800, purchased additional treasury stock for $8,400, and experienced a foreign currency translation gain of $3,600. What amount will Broadbean report as total stockholders’ equity at December 31, 2019 on its statement of stockholders’ equity? Multiple Choice
Answer:
$650,600
Explanation:
Stockholders’ equity as at December 31, 2019
Common stock and Additional paid in capital $106,000
Retained earnings {642000+46200-31800] $656,400
Less: Treasury stock [82000+8400] $90,400
Accumulated other comprehensive income ($21,400)
(loss) [(25000)+3600]
Stockholders’ equity $650.600
Consider a market with two firms, Hewlett-Packard (HP) and Dell, that sell printers. Both companies must choose whether to charge a high price ($) or a low price ($) for their printers. These price strategies with corresponding profits are depicted in the payoff matrixLOADING... to the right. HP's profits are in red and Dell's are in blue. Suppose HP and Dell are initially at the game's Nash equilibrium. Then, HP and Dell advertise that they will match any lower price of their competitors. For example, if HP charges $, then Dell will match that price and also charge $. What effect will matching prices have on profits (relative to the Nash equilibrium without price matching)? Assuming HP and Dell can coordinate to maximize profits, HP's profit will change by $ nothing and Dell's profit will change by nothing. (Enter either positive or negative numeric responses using integers.)
Answer: Hello your question is poorly written attached below is the complete question
answer : Change in profits
= $55 , $55
Explanation:
From the Question( Nash equilibrium ) we can see that there four combination of charges
HP, Dell ($450, $450 ) : profit ( $100, $100 )
HP ,Dell ($450, $250 ) :
HP, Dell ( $250, $450 )
HP, Dell ( $250, $250 ) profit ( $45, $45 )
when lower price is adopted profit made = ( $45 , $45 )
when Higher price is adopted profit made = ( $100, $100 )
Hence The effect of matching prices on profits (relative to the Nash equilibrium without price matching)
Assuming HP and Dell coordinates
HP's profit will changes by = $100 - $45 = $55
Dell's profit will change by = $100 - $45 = $55
the required return on the stock of moe's pizza is 12.1 percent and after tax required return on the company's debt is 3.79 percent. the company's market value capital structure consists of 73 percent equity. the company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 2.2 percent. the tax rate is 40 percent. what is the required return for the new project
Answer:
7.65%
Explanation:
required return = (percent of stock x required return on stock) + (after tax cost of debt x percent of debt) - adjustment factor
Percent of debt = 100 - 73 = 27%
(12.1 x 0.73) + (3.79 x 0.27) - 2.2 = 7.65%
Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2377 6-months forward 1.2356 Japan Yen 100.3300 6-months forward 100.0500 U.K. Pound .6792 6-months forward .6781 Suppose interest rate parity holds, and the current six month risk-free rate in the United States is 5 percent. Use the approximate interest rate parity equation to answer the following questions. a. What must the six-month risk-free rate be in Australia
Answer:
Missing word "a. What must the six-month risk-free rate be in Japan"
a. Spot rate = 1 US $ = 1.2377 Aus.dollar
Forward rate = 1 US $ = 1.2356 Aus.dollar
1.2356 = (1 + i Ad)
1.2377 (1 + 0.05)
0.9983 * (1.05) = 1 + i.Ad
1.048215 = 1 + i.Ad
i.Ad = 1.048215 - 1
i.Ad = 0.048215
i.Ad = 4.82%
b. Spot rate = 1 US $ = 100.3300 Japan Yen
Forward rate = 1 US $ = 100.0500 Japan Yen
100.0500 = (1 + i Ad)
100.3300 (1 + 0.05)
0.9972 * (1.05) = 1 + i.Ad
1.04706 = 1 + i.Ad
i.Ad = 1.04706 - 1
i.Ad = 0.04706
i.Ad = 4.71%
Peters, Inc. produces 3 products: P1, Q2, and R3. P1 requires 400 purchase orders, Q2 requires 600 purchase orders, and R3 requires 1000 purchase orders. Peters has identified an ordering and receiving activity cost pool with allocated overhead of $390000 for which the cost driver is purchase orders. Direct labor hours used on each product are 50000 for P1, 40000 for Q2, and 110000 for R3. How much ordering and receiving overhead is assigned to each product
Answer:
P1 $78,000
Q2 $117,000
R3 $195,000
Explanation:
Calculation to determine How much ordering and receiving overhead is assigned to each product
First step is to calculate the price per order using this formula
Price per order= Total cost of purchase orders ÷ total purchase orders
Let plug in the formula
Price per order= $390000 ÷ (400 + 600 + 1,000)
Price per order= $390000 ÷2,000 orders
Price per order= $195
Now let determine How much ordering and receiving overhead is assigned to each product
Using this formula
Ordering and receiving overhead = Purchase orders × price per order
Let plug in the formula
P1 = 400 × $195
P1= $78,000
Q2 = 600 × $195
Q2=$117,000
R3 = 1,000 × $195
R3=$195,000
Therefore How much ordering and receiving overhead is assigned to each product are :
P1 $78,000
Q2 $117,000
R3 $195,000
Beginning investments should be?
Answer:
Investment Beginner
There are plenty of investments for beginners, including mutual funds and robo-advisors.
…
Here are six investments that are well-suited for beginner investors.
401(k) or employer retirement plan.
A robo-advisor.
Target-date mutual fund.
Index funds.
Exchange-traded funds (ETFs)
Investment app
Explanation:
The candy company is considering a new manufacturing process that costs $0.30 per unit for the first 400,000 units. For additional units, up to 725,000, the cost is $0.20 per unit. For all additional units over 725,000, the cost is $0.10 per unit. Which of the following ranges of total units contains the point where the cost of the new process is equal to the cost of the original process (where the cost is $0.21 for the first 500,000 units and $0.13 for all additional units)?
a. From 2,335,000 to 2,345,000
b. From 2,325,000 to 2,335,000
c. From 2,345,000 to 2,355,000
d. From 2,365,000 to 2,375,000