The cash flow data for GM is below Cash dividend..............................................$ 94,000 New PPE........................................................$ 61,000 Interest paid on debt.................................$ 39,000 Sales of old equipment.............................$ 86,000 Repurchase of stock..................................$ 83,000 Cash payments to suppliers...................$ 109,000 Cash collections from customers.........$ 440,000 A) Find the net cash provided by or used in investing activities.
Answer:
the net cash provided by investing activities is $25,000
Explanation:
The computation of the net cash provided by or used in investing activities is shown below
= Sale of old equipment - New PPE
= $86,000 - $61,000
= $25,000
Hence, the net cash provided by investing activities is $25,000
what is businesss?explain with examples
Answer:
Explanation:
a person's regular occupation, profession, or trade which he/she is doing regularly in his/her daily life.
The total sales of a product, by all competitors in the industry, is:____.a. highest in the introduction stage.b. lowest in the market maturity stage.c. highest in the sales decline stage.d. lowest in the market growth stage.e. lowest in the market introduction stage.
Answer:
The total sales of a product, by all competitors in the industry, is:____
e. lowest in the market introduction stage.
Explanation:
The product life cycle refers to the time period when a product is first introduced to a market until it exits the market. There are four main stages in a product life cycle. They include introduction, growth, maturity, and decline. It is during the introduction phase that the total sales are lowest. The low sales are witnessed again during the latter stage of decline. The highest sales are achieved during the maturity stage.
define common stock.
One of the four major time value of money terms; the amount to which an individual cash flow or series of cash payments or receipts will grow over a period of time when earning interest at a given rate of interest.
a. True
b. False
Answer:
true
Explanation:
Harrison Forklift's pension expense includes a service cost of $26 million. Harrison began the year with a pension liability of $46 million (underfunded pension plan).
1. Interest cost, $7; expected return on assets, $20; amortization of net loss, $6.
2. Interest cost, $22; expected return on assets, $16; amortization of net gain, $6.
3. Interest cost, $22; expected return on assets, $16; amortization of net loss, $6; amortization of prior service cost, $7 million.
Required:
Prepare the appropriate general journal entries to record Harrison's pension expense in each of the above independent situations regarding the other components of pension expense ($ in millions).
Answer:
1. ($ in millions)
Dr Pension expense $19
Dr Plan assets (expected return on assets) $20
Cr PBO$33
Cr Net loss—AOCI(current amortization) $6
2. ($ in millions)
Dr Pension expense $26
Dr Plan assets (expected return on assets) $16
Dr Net gain—AOCI(current amortization) $6
Cr PBO $48
3. ($ in millions)
Dr Pension expense $45
Dr Plan assets (expected return on assets) $16
Cr PBO $48
Cr Net loss—AOCI(current amortization) $6
Cr Prior service cost (current Amortization) $7
Explanation:
Preparation of the appropriate general journal entries to record Harrison's pension expense
1. ($ in millions)
Dr Pension expense $19
($33+$6-$20)
Dr Plan assets (expected return on assets) $20
Cr PBO($26 service cost + $7 interest cost) $33
Cr Net loss—AOCI(current amortization) $6
2. ($ in millions)
Dr Pension expense $26
($48-$16-$6)
Dr Plan assets (expected return on assets) $16
Dr Net gain—AOCI(current amortization) $6
Cr PBO($26 service cost + $22 interest cost) $48
3. ($ in millions)
Dr Pension expense $45
($48+$6+$7-$16)
Dr Plan assets (expected return on assets) $16
Cr PBO($26 service cost + $22 interest cost) $48
Cr Net loss—AOCI(current amortization) $6
Cr Prior service cost (current Amortization) $7
4.7 Discuss the role that computers play in modern society.
Answer:
Computer roles in education in modern society
Storage of information.
Quick data processing.
Audio-visual aids in teaching.
Better presentation of information.
Access to the Internet.
Quick communication between students, teachers and parents.
Explanation:
Computers make people's lives easier and more comfortable:
they provide opportunities for staying in touch to billions of people who are in different parts of the world.
People can drive computerized cars and work for employers from other countries without even seeing them.
TeaForMe is a tea company that considered branching out into the snack food business. The TeaForMe team offered many new ideas such as flavored chips or paleo cookies. After much discussion, the team eliminated the chips and the cookies because they were inconsistent with the organization's new-product strategy, which was to develop new flavors of tea. In the new-product development process, the TeaForMe company is in the _______ stage.
Answer:
In the new-product development process, the TeaForMe company is in the idea screening stage
Explanation:
The new-product development process has 8 stages that are:
-Idea generation: is when the company looks for new ideas.
-Idea screening: the company evaluates the ideas and filters them to drop the bad ones and pick the good ones.
-Concept development and testing: is when the company develops and evaluates the product concept.
-Marketing strategy: the company creates the marketing strategy to introduce the product to the market.
-Business analysis: the company evaluates if the idea is a good business.
-Product development: is when the concept is developed into a physical product.
-Test marketing: the company evaluates the product and the marketing strategy in the market.
-Commercialisation: this refers to launching the product to the market.
According to this, the answer is that in the new-product development process, the TeaForMe company is in the idea screening stage because they generated a new idea an then, evaluated that idea and decided to drop it because it was inconsistent with the organization's new-product strategy.
define bond economics.
It is better to ___ than to ___.
A. pay with a credit card; use cash
B. pay down a credit card; save the money
C. save the money, pay off a credit card
D. use cash; save the money
Answer:
It is better to pay down a cred card than to save the money.
Or B
Explanation: I just took the quiz.
It is better to "save the money, pay off a credit card" than to "use cash". The correct option is C.
Why is it important to save money early?The first step toward financial independence is saving money. The sooner children and teenagers begin saving, the more probable it is that it will become a habit. Children and teenagers can benefit from compound interest by saving frequently and early. Finding ways to generate additional money might help kids and teenagers increase their savings.
This is because paying off a credit card debt can help reduce overall debt and save money in the long term by avoiding high-interest charges. On the other hand, using cash may provide a sense of security and control over spending, but it does not necessarily address existing debt or help build credit history.
Thus, the ideal selection is option C.
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Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $3,000. For each of the next 5 years, he expects his salary to increase at an 4% annual rate, and he plans to increase his savings at the same 4% rate. There will be a total of 6 investments, the initial $3,000 plus five more. If the investments earn a return of 9% per year, how much will Mark have at the end of six years?
Answer:
Mark Johnson
At the end of six years, Mark will have:
= $26,945.
Explanation:
a) Data and Calculations:
Savings for the first year = $3,000
Annual rate of salary and savings increase = 4%
Interest rate = 9%
Savings for Year 2 = $3,120 ($3,000 * 1.04)
Savings for Year 3 = $3,245 ($3,120 * 1.04)
Savings for Year 4 = $3,375 ($3,245 * 1.04)
Savings for Year 5 = $3,510 ($3,375 * 1.04)
Savings for Year 6 = $3,650 ($3,510 * 1.04)
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Savings $3,000 $3,120 $3,245 $3,375 $3,510 $3,650
FV factor 1.677 1.539 1.412 1.295 1.188 1.090
FV = $5,031 $4,802 $4,592 $4,371 $4,170 $3,979
Total FV = $26,945
Total principal contribution = $19,900
Total interest = $7,045
This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15,900. He estimates that his tax withholding from his employer will be $8,655. Problem 8-77 Part-a (Algo) a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty
Answer:
Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .
Explanation:
As a rule, a citizen can maintain a strategic distance from an underpayment of punishment if their retention and evaluated assessment installment measure up to or surpass one of the two safe harbours
90% of current expense risk = 90% × $11,350
= $10,215
100% of past assessment risk = $15,900
Since his(Lloyd) retention is not equal to or exceed $10,215 or $15,900
Llyod should expand retaining or make payment this year in order to stay away from underpayment punishment
= $10,215 - $8,655
= $1,560
Janbo Company produces a variety of stationery products. One product, sealing wax sticks, passes through two processes: blending and molding. The weighted average method is used to account for the costs of production. After blending, the resulting product is sent to the molding department, where it is poured into molds and cooled. The following information relates to the blending process for August:A. Work in Process on August 1, had 30,000 pounds, 20% complete. Costs associated with partially completed units were:Materials $220,000Direct labor 30,000Overhead applied 20,000B. Work in Process on August 31, had 50,000 pounds, 40% complete.C. Units completed and transferred out totaled 480,000 pounds. Costs added during the month were (all inputs are added uniformly):Materials $5,800,000Direct labor 4,250,000Overhead applied 1,292,500Required:1A. Prepare a physical flow schedule.1B. Prepare an equivalent unit schedule.2. Calculate the unit cost.3. Compute the cost of EWIP and the cost of goods transferred out.4. Prepare a cost reconciliation.5. Suppose that the materials added uniformly in blending are paraffin and pigment and that the manager of the company wants to know how much each of these materials costs per equivalent unit produced. The costs of the materials in BWIP are as follows:Paraffin $120,000Pigment 100,000The costs of the materials added during the month are also given:Paraffin $3,250,000Pigment 2,550,000Prepare an equivalent unit schedule with cost categories for each material.
Answer:
1a. Janbo Company
Physical Flow Schedule
Units to account for:
Units in beginning work in process 30000
Units started 500000
Total units to account for 530,000
Units accounted for:
Units completed 480,000
From ending work in process 50,000
Total units accounted for 530,000
1b. Janbo Company
Schedule of Equivalent Units
Weighted Average Method
Units completed 480,000 100% 480,000
Units in ending work in process 50,000 40% 20,000
Total equivalent units 500,000
2. Particulars Amount Amount
Beginning work in process:
Materials $220,000
Direct labor $30,000
Overhead applied $20,000 $270,000
Cost added during the month
Materials $5,800,000
Direct labor $4,250,000
Overhead applied $1,292,500 $11,342,500
Total cost $11,612,500
Equivalent cost per unit = Total cost/Total equivalent units
Equivalent cost per unit = $11,612,500/500,000
Equivalent cost per unit = $23.225
3. Ending work in process= 20000 * $23.225 = 464500
Goods transferred out = 480000 * $23.225 = 11148000
4. Janbo Company
Cost Reconciliation
Costs to account for:
Beginning WIP 270000
August costs 11342500
Total to account for 11,612,500
Costs accounted for:
Transferred out 11,148,000
Ending WIP 464,500
Total costs accounted for 11,612,500
ABC Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $34 Variable costs per unit: Direct material $6 Direct manufacturing labor $2.40 Manufacturing overhead $0.80 Selling costs $3.20 Annual fixed costs $78,000 The company sells 12,000 units at the end of the year. The contribution margin per unit is ________.
Answer:
Contribution margin per unit= $21.6
Explanation:
Giving the following information:
Selling price per unit $34
Variable costs per unit:
Direct material $6
Direct manufacturing labor $2.40
Manufacturing overhead $0.80
Selling costs $3.20
The contribution margin is calculated by deducting from the selling price all the variable components:
Contribution margin per unit= selling price - total unitary variable cost
Contribution margin per unit= 34 - 6 - 2.4 - 0.8 - 3.2
Contribution margin per unit= $21.6
define debt economics.
Answer:
Debt, Something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest. For governments, the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt
Sheffield Corp. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Sheffield $4 each. Sheffield estimates that 45 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows:______.
2020 2021
Bags of dog food sold 480000 620000
Leashes purchased 19000 24000
Coupons redeemed 110000 130000
The premium liability at December 31, 2015 is?
Answer: $108875
Explanation:
First, we calculate the Premium liability at December 31, 2020 which will be:
= (480,000 × 45%) - $110,000/8 × 4
= (216000 - 110000)/8 × 4.
= $53000.
Premium liability at December 31, 2021 will be:
= 53000 + [(620000 × 45%) - $130,000]/8 × 3
= 53000 + 55875
= $108875
Walt occasionally borrows the car of his friend, Jesse. Jesse has a PAP with liability limits of 250/500/100. Walt also has a PAP, and his liability limits are also 250/500/100. Walt had an accident while using Jesse's car and was found to be legally liable for $350,000 in bodily injury costs sustained by one person. How much will be paid by Walt's policy
Answer: $250,000
Explanation:
Liability limits go as follows:
The first number is the maximum amount payable for the bodily injury suffered by one person. The second is the maximum amount payable per accident. The third number is the maximum payable for property damage.These numbers are in thousands.
As Walt was the one driving, his insurance will kick in first and his policy will pay the maximum that it can pay for bodily injury costs to one person.
That amount as shown is the first number in his limits which is $250,000.
Which of the following costs is most likely NOT included in a bill from the university for a college student living on campus?
Select the best answer from the choices provided.
OA. tuition
OB.
cell phone
Ос.
fees
OD. housing
Answer:
B. cell phone
Explanation:
Out of all the following costs, the most likely not to be included in a bill from the university for a college student living on campus is "Cell Phone."
This is because except a student is on full scholarship, Tuition is a must cost to be included in the bill.
Also, student fees that cover extra costs like insurance, and health care are usually included in student bills.
Similarly, the housing cost covers a hostel or off-campus accommodation for students. Hence it is also included in the student bill.
Hence, the correct answer is the cost of a "Cell phone." Which doesn't concern the school whether a student has or not.
Billy has received a mediocre evaluation for the second year in a row. He knows that he has made improvements, but his supervisor just does not seem to notice or in Billy’s opinion, care. Billy likes his job and wants to keep it. He listens to what his supervisor says and then his supervisor asks Billy to prepare a written response. Before Billy leaves the room to prepare the response, how should he respond to his supervisor?
Answer:
He could take deep breaths and then respond nonjudgmentally
Explanation:
From the question, we are informed about Billy who has received a mediocre evaluation for the second year in a row. He knows that he has made improvements, but his supervisor just does not seem to notice or in Billy’s opinion, care. Billy likes his job and wants to keep it. He listens to what his supervisor says and then his supervisor asks Billy to prepare a written response. Before Billy leaves the room to prepare the response, In this case should he respond to his supervisor by taking deep breaths and then respond non-judgmentally when addressing is supervisor.
A company purchased a 3-acre tract of land for a building site for $440,000. The company demolished the old building at a cost of $21,000, but was able to sell scrap from the building for $2,400. The cost of title transfer was $1,350 and attorney fees for reviewing the contract was $680. Property taxes paid were $7,500, of which $700 covered the period after the purchase date. The capitalized cost of the land is:
Answer:
$467,430
Explanation:
Calculation for The capitalized cost of the land is:
Purchase price $440,000
Demolition costs $21,000
Scrap sold ($2,400)
Title insurance $1,350
Legal fees $680
Property taxes ($7,500 – $700) $6,800
Total cost of land $467,430
Therefore The capitalized cost of the land is:$467,430
Kirchhoff Industries has a past history of uncollectible accounts, as follows.
Age Class Percent Uncollectible
Not past due 2%
1-30 days past due 4
31-60 days past due 18
61-90 days past due 40
Over 90 days past due 75
Required:
Estimate the allowance for doubtful accounts.
Answer:
The balance of allowance for doubtful accounts is $131,712.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation of the answer is now given as follows:
Note: See the attached excel file for the estimated allowance for doubtful accounts.
In the attached excel file, the allowance for doubtful accounts for each Percentage uncollectible is calculated as follows:
Allowance for doubtful accounts = Total receivables * Percentage uncollectible.
Also, the balance of allowance for doubtful accounts is calculated by adding the allowance for doubtful accounts of the Age Classes.
From the attached excel file, the balance of allowance for doubtful accounts is $131,712.
why does a businesss cycle diagram serve as a forecasting model?
Luker Corporation uses a process costing system. The company had $160,500 of beginning Finished Goods Inventory on October 1. It transferred in $837,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $158,200. The entry to account for the cost of goods manufactured during October is
Answer and Explanation:
The journal entry for the cost of goods manufactured is shown below:
Finished Goods Inventory $837,000
To Work in process $837,000
(Being cost of goods manufactured)
Here the finished goods inventory is debited as it increased the assets and credited the work in process as it decrease the assets
Choose an enterprise with which you are familiar that has undergone significant recent reorganization. Compare the new and old organizations with regard to (a) size and influence of specialized staff, (b) management levels, (c) typical spans of control, and (d) responsibility delegated to nonmanagerial professionals. What other changes occurred in the reorganization
Answer:
In 2015, G-oogle went for an reorganization, the company have a new CEO which enabled the two co-founders to focus on new business opportunities.
a. Each business unit have its own CEO which makes a great influence.
b. G-oogle restructured its organization by adding management levels which helps in ease in day to day operation.
c. Narrow span of control is better for the managers to control its subordinates and is currently practiced at G-oogle.
d. Responsibility is delegated to each unit CEO who is responsible for his/her business unit.
Explanation:
In 2015, G-oogle went for an reorganization, the company have a new CEO which enabled the two co-founders to focus on new business opportunities.
a. Each business unit have its own CEO which makes a great influence.
b. G-oogle restructured its organization by adding management levels which helps in ease in day to day operation.
c. Narrow span of control is better for the managers to control its subordinates and is currently practiced at G-oogle.
d. Responsibility is delegated to each unit CEO who is responsible for his/her business unit.
A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $24,000 indicates that Dept. Y had a direct wage expense of $3,000 and Dept. Z had a direct wage expense of $5,000. The remaining expenses are indirect and analysis indicates they should be allocated evenly between the two departments. Departmental wage expenses for Dept. Y and Dept. Z, respectively, are:
Answer:
$11,000;$13,000
Explanation:
Calculation for Departmental wage expenses for Dept. Y and Dept. Z, respectively, are:
First step is to calculate the Indirect wages
Indirect wages = 24,000 - (3000+5000)
Indirect wages= 16,000
Now let calculate Departmental wage expenses for Dept. Y and Dept. Z, respectively,
Departmental wages for dept Y
= 3000 + (16,000/2)
Departmental wages for dept Y=$ 11,000
Departmental wages for dept Z
= 5000 + (16,000/2)
Departmental wages for dept Z= $13,000
Therefore Departmental wage expenses for Dept. Y and Dept. Z, respectively, are:$11,000 ; $13,000
Which type of company only spends money when absolutely necessary?
Select the answer that makes each statement correct. When the government changes either its spending or tax policy to pursue economic objectives, it has changed its financial policy. political policy. monetary policy. contractionary policy. expansionary policy. fiscal policy. Changing the amount of money in circulation to pursue economic objectives changes the
Answer:
fiscal policy
monetary policy
Explanation:
Monetary policy are policies taken by the central bank of a country to shift aggregate demand.
There are two types of monetary policy :
Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy
Contractionary monetary policy : these are policies taken to reduce money supply. When money supply decreases, aggregate demand falls. Increasing interest rate and open market sales are ways of carrying out contractionary monetary policy
Fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise. The tools of fiscal policy are either taxes and government spending
Fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policy is when the government reduces the money supply in the economy either by reducing spending or increasing taxes.
Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an eight-session class. From previous experience, you know that your firm follows an 85 percent learning rate. For this contract, it appears the effort will be substantial, running 50 hours for the first session. Your firm bills at the rate of $100/hour and the overhead is expected to run a fixed $600 per session. The finder will pay you a flat fixed rate per session. If your nominal profit margin is 20 percent, what will be the total bid price, the per session price, and at what session will you break even
Answer:
Answer is explained in the explanation section below.
Explanation:
To figure out the total bidding price, we must first figure out the total cost of all eight sessions.
To calculate the total expense, we must first determine the total number of hours required for each of the eight sessions.
Now that we know the learning rate is 85% and the first session took 50 hours, we can look up the coefficient of 8 under 85% in the learning curve table E3 and calculate it by the time spent on the first session. The average time taken for 8 sessions with an 85 percent learning curve would be the result.
Total time taken for 8 sessions = 50 x 5.936 (coefficient of 8 under 85% learning rate) = 296.8 = 297 hrs
Fixed cost = 600 x 8 = $4800
Variable cost = 100 x 297 = $29700
Total Cost = 29700 + 4800 = $34500
Total bid price = 34500 x 1.2 = $41400 (adding 20% profit margin on cost)
Price per session = 41400 / 8 = $5175
Break Even Session = 34500 / 5175
Break Even Session = 6.67
Hence, the total cost will be covered by the 7th session.
The conclusion details as below :
To know about the total bidding prices firstly we should know about the total cost of all the session.
We should know the number of hours provided to each Session .
As we all know the learning rates is 85% and the first beginning session took 50hrs, we can look up the coefficient of 8 under 85% in the learning curve table E3 and calculate it by the time spent on the first session
Total time taken for 8 sessions = 50 x 5.936 (coefficient of 8 under 85% learning rate) = 296.8 = 297 hrs
Fixed cost = 600 x 8 = $4800
Variable cost = 100 x 297 = $29700
Total Cost = 29700 + 4800 = $34500
Total bid price = 34500 x 1.2 = $41400 (adding 20% profit margin on cost)
Price per session = 41400 / 8 = $5175
Break Even Session = 34500 / 5175
Break Even Session = 6.67
So as per the above calculation , the cost will be covered by
the 7th Session.
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commercial bank definition in your own words.
Answer:
The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
A project has expected sales of 15,000 units, plus or minus 4 percent, variable cost per unit of $120 plus or minus 3 percent, fixed costs of $311,000plus or minus 2 percent, and a sales price per unit of $168 plus or minus 2 percent. The depreciation expense is $74,000 and the tax rate is 35 percent. What is the contribution margin per unit for a sensitivity analysis using a variable cost per unit of $122
Answer:
$46
Explanation:
Calculation to determine the contribution margin per unit for a sensitivity analysis using a variable cost per unit of $122
Sales price per unit of $168
Less variable cost per unit ($122)
Contribution margin per unit $46
(168-$122)
Therefore the the contribution margin per unit for a sensitivity analysis using a variable cost per unit of $122 will be $46