Answer:
C. $682,000
Explanation:
Given the above information, the computation of cash dividend is seen below;
Beginning retained earnings (2020) + net income - Stock dividend - Cash dividend = Retained earnings
$1,440,000 + $1,008,000 - ($499,000 + $99,000) - Cash dividend = $1,168,000
$2,448,000 - $598,000 - Cash dividend = $1,168,000
Cash dividend = $2,448,000 - $598,000 - $1,168,000
Cash dividend = $682,000
can you have a sloth as a pet
Answer:
in most places yes
Explanation:
they are hard to care for tho
Answer:
i mean Ig it depends on if you need a license or have to pay alot for it
have a good day :)
Explanation:
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
Marx, Inc. has a net income of $600,000 for 2012, and there are 400,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $80,000 on the preferred stock and $120,000 on the common stock. The earnings per share for 2012 is Group of answer choices
Answer:
$1.3
Explanation:
Net income = $600,000
Outstanding shares = 400,000
Dividends paid = $80,000
So, by using earning per share formula,
Earning per share = (Net income - Dividends paid) ÷ outstanding shares
By putting the value, we get
Earning per share = ($600,000 - $80,000) ÷ 400,000
= $520,000 ÷ 400,000
= $1.3
Hence, the earning per share for 2012 is $1.3.
An outside supplier has offered to make the part and sell it to the company for $29.80 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. In addition, the space used to make part U16 could be used to make more of one of the company's other products, generating an additional segment margin of $25,000 per year for that product. The annual financial advantage (disadvantage) for the company as a result of buying part U16 from the outside supplier should be:
Answer:
-$79000
Explanation:
The computation of the annual financial advantage (disadvantage) is shown below;
Particulars Per unit Total 13000 units
Make Buy Make Buy
Direct materials 2.90 37700
Direct labor 7.50 97500
Variable manufacturing
overhead 8.00 104000
Supervisor's salary 3.40 44200
Contribution margin 25000
Purchase cost 29.80 387400
Total 308400 387400
Now the finacial disadvantage is
= 308400 - 387400
= -$79000
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
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
Larkspur, Inc. reports net income of $89,770 in 2017. However, ending inventory was understated by $7,100. Collapse question part (a) What is the correct net income for 2017
Answer:
$96,870
Explanation:
The understatement of ending inventory causes the cost of goods sold to be overstated and the gross and net income to be understated by the same amount.
If the 2017 ending inventory was understated by $7,100 then the correct net income figure for 2017 will be $7,1000 more that what was reported.
Therefore, 2017 corrected net income
= $89,770 + $7,100
= $96,870
Marsh Company had 150 units of product A on hand at January 1, year 2, costing $21 each. Purchases of product A during the month of January were as follows: Units Unit cost Jan. 10 200 $22 18 250 23 28 100 24 A physical count on January 31, year 2, shows 250 units of product A on hand. The cost of the inventory at January 31, year 2, under the LIFO method is
Answer:
$5,850
Explanation:
Calculation to determine what The cost of the inventory at January 31, year 2, under the LIFO method is
Using this formula
Cost of inventory= January 28 units * Cost per unit + Remaining units *Cost per unit
Let plug in the formula
Cost of inventory= 100 units * $24 + 150 units *$23
Cost of inventory= $2,400 + $3,450
Cost of inventory= $5,850
Therefore The cost of the inventory at January 31, year 2, under the LIFO method is $5,850
The returns from an investment are 3% in Year 1, 7% in Year 2, and 19.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Answer:
i hhhhhhh 136t8
Explanation:
dont kno
Robo Hot Inc., is a company that markets electric heaters to hospitals. Mr. Heatmizer, it's CEO, would ike to reduce its inventory cost by determining the optimal number of electric heaters to obtain per order. The annual demand is 100,000 units and the ordering cost is $10 per order. The carrying cost per unit is $2.00. Using these figures, calculate the expected number of orders per year.
Answer:
Expected number of orders=31.6 orders per year
Explanation:
The expected number of orders would be the Annual demand divided by the economic order quantity(EOQ).
The Economic Order Quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding cost is exactly the same as the ordering cost.
It is calculated as follows:
EOQ = (2× Co D)/Ch)^(1/2)
Co- ordering cost Ch - holding cost, D- annual demand
EOQ = (2× 10 × 100000/2)^(1/2)= 3162.27 units
Number of orders = Annual Demand/EOQ
= 100,000/3,162.27= 31.62 orders
Expected number of orders=31.6 orders per year
Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.)
a. Sold a truck costing $40,000, with $22,000 of accumulated depreciation, for $8,000 cash. The sale results in a $10,000 loss.
b. Sold a machine costing $10,000, with $8,000 of accumulated depreciation, for $5,000 cash. The sale results in a $3,000 gain.
c. Purchased stock investments for $16,000 cash. The purchaser believes the stock is worth at least $30,000.
Answer:
a. Increase $8,000
b. Increase $5,000
c. Decrease $16,000
Explanation:
We focus on Investment Activities only
Sale of a Truck
Sale of a Machine
Purchase of Stock Investment
Geraldine, an attorney, rendered legal services in organizing an oil and gas partnership in the current year. Instead of submitting a bill for her services. Geraldine accepted a 10% capital interest in the partnership. Geraldine's normal charge for the services performed would have been $10,000. The fair market value of the 10% interest received by Geraldine was $12,000. How much should Geraldine report on her current year's income tax return
Answer:
Geraldine
The amount that Geraldine should report on her current year's income tax return as income from the above exchange is:
= $10,000.
Explanation:
a) Data and Calculations:
Geraldine's normal charge for the services performed = $10,000
The fair market value of the 10% interest received by Geraldine = $12,000
Geraldine's partnership interest = 10%
This is because $10,000 is also her basis in the partnership interest and not $12,000 the fair market value of the 10% interest.
Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $48 million as of December 31, 2021. Crore has a tax rate of 25%. Crores retained earnings as of December 31, 2021, would be: (Round million answer to 2 decimal places.) Multiple Choice
Answer: Overstated by $12 million.
Explanation:
Since Crote Corporation understated accumulated depreciation by $48 million as of December 31, 2021 and has a tax rate of 25%.
Crores retained earnings as of December 31, 2021, would be overstated in the amount of:
= $48 million × 25%
= $48 million × 0.25
= $12 million
Crores retained earnings as of December 31, 2021, would be overstated by $12 million.
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
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:
Year Straight-Line Declining Balance Difference
2018 $400 $853 $453
2019 400 569 169
2021 400 379 (21)
$1,200 $1,801 $601
Required:
Prepare any 2018 journal entry related to the change?
Answer:
A change in the depreciation method is not a change of accounting policies. Therefore, this change will not require any retrospective journal entry for 2018. Changes in depreciation methods are prospective, meaning that they affect future values, not past values. This is considered a change in an accounting estimate.
Explanation:
Daniel was surprised his store ran out of marshmallows so quickly. This typically does not happen during the spring, so he runs a(n) ________ to gather unplanned information to support if he should stock up on marshmallows.
Answer:
Ad-hoc report
Explanation:
From the question we are informed about how Daniel was surprised his store ran out of marshmallows so quickly. This typically does not happen during the spring, so in this case, he runs an Ad-hoc report to gather unplanned information to support if he should stock up on marshmallows.
Ad hoc report can be regarded as
a report that is created just for a one-time-use I e for a specific purpose.
With the use of BI tool there is possibility of anyone in an organization answering a specific business question and give presentation of that data in a visual format, even without given IT staff problems, Ad hoc report is different from structured report.
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
Liu, the owner of San Diego Mortgage Solutions, a sole proprietorship, wants to obtain additional business capital to expand operations. The additional business capital is most likely limited to Group of answer choices conducting a private offering. issuing stock. bringing in partners. borrowing funds.
Answer:
borrowing funds.
Explanation:
Since the owner could not add extra partners as it would be transform into the partnership firm in the case when there is an increase in the number of owners.
In the sole propertiorship, there is only one stockholder and he cant able to issue the stock or the initial public offering
Therefore it would be limited to the borrowing funds
On January 1, 2016, ABC Corporation purchased Equipment C for $72,000. Equipment C is expected to have a useful life of 8 years, and a salvage value of $2,400. Assume that ABC uses the straight-line method of depreciation for Equipment C. A Prepare the journal entry to record depreciation on the equipment for 2016. (5)
Answer:
Debit : Depreciation $8,700
Credit : Accumulated Depreciation $8,700
Explanation:
the journal entry to record depreciation on the equipment for 2016.
Given the following cash flows for a capital project for the Witter Corp., calculate its payback period and discounted payback period. The required rate of return is 8 percent. Cashflows: Year 0 = -50,000; Year 1 = 15,000; Year 2 = 15,000; Year 3 = 20,000; Year 4 = 10,000; and Year 5 = 5,000. The discounted payback period is
Answer:
4.01 years
Explanation:
The computation of the discounted payback period is shown below;
Given that
Required rate of return is 8%
Cashflows: Year 0 = -50,000;
Year 1 = 15,000;
Year 2 = 15,000;
Year 3 = 20,000;
Year 4 = 10,000;
and Year 5 = 5,000
As we can see from the attached table that approx in 4 years it could cover $49,975
So
the discounted payback period is
= 4 years + ($50,000 - $49,975.91) ÷ $3,402.92
= 4.01 years
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
Innovation is the creation of something new that makes money. In order to be profitable, innovations must be both novel and useful.
a. True
b. False
Answer:
a. True
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.
Innovation typically involves the creation of a new product of any category such as automobile, building, phones, electronics, etc., that generates money for the innovators or manufacturers through purchase made by the end users (consumers).
In order for the innovator to make profits, it is expected or required that his or her innovation is both novel and useful.
An industry has 5 firms. Firm A has 30% of the market, Firm B and Firm C each have 25% of the market, Firm D has 15% of the market, and Firm E has 5% of the market. What is the HHI for this industry
Answer:
2400
Explanation:
The HHI is calculated by squaring the market share of each firm in the industry.
30² + 25² + 25² + 15² + 5² = 2400
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
Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
are worn out and a new video game. Which of these do you want, and which of these do you
need? Explain your answer.
Plz no links to answer
Answer:
video game
Explanation:
because I don't go outside, I'm a gamer
For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and administrative expense of $11,766, and depreciation of $6,415. If the tax rate is 35 percent, what is the operating cash flow
Answer:
$15,266
Explanation:
Sales $46,382
Less: Cost of goods sold $16,659
Gross profit $29,723
Less: Selling & administrative expense $11,766
Less: Depreciation $6,415
Earnings before interest and tax (EBIT) $11,542
Less: Interest expenses $3,854
Earnings before tax (EBT) $7,688
Less: Tax expenses (7688*35%) $2,691
Earnings after tax $4,997
Operating cash flow = EBIT + Depreciation expenses - Tax expenses
Operating cash flow = $11,542 + $6,415 - $2,691
Operating cash flow = $15,266
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.
Net Income $1,200 ($500) $2,300 Net Cash Flows $500 $300 $2,800 Dividends $200 $0 $200 Issuance of Stock $2,000 $0 $0 The above amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.
Answer:
$2,600
Explanation:
The computation of the balance of Retained Earnings at the end of 2018 is shown below;
= net income - dividend
= $1,200 - $500 + $2,300 - $200 - $0 - $200
= $2,600
We simply deduct the dividend amount from the net income so that the balance of the retained earning could come
one word for they have a higher than normal price to create an image of exclusivity
Answer:
Everything which is exclusive is always expensive the higher price but quality work to create an image can give you a better result you should not compromise with the quality of the image to fit it in your budget a good image can give you a better reputation in the market the experience ones should be chosen in this manner always
Explanation:
If demand for reserves is predected to increase temporarily, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves.
Answer:4.1
Explanation: