The process of producing a legally binding, written contract that specifies wages, benefits, layoff policies, and grievance procedures is called collective bargaining.
The process of producing a legally binding, written contract that specifies wages, benefits, layoff policies, and grievance procedures is called collective bargaining. This process typically involves negotiations between the employer and the employees' union or representative. The resulting contract, known as a collective bargaining agreement (CBA), outlines the terms and conditions of employment for the unionized workers. In the event of a layoff or dispute, the CBA also specifies the grievance procedures that must be followed to resolve any issues.
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(co 5) a company claims that its heaters last less than 5 years. write the null and alternative hypotheses.
The null hypothesis for this scenario would be that the company's heaters last 5 years or more. The alternative hypothesis would be that the company's heaters last less than 5 years.
Answer in detail-
Null hypothesis (H0): The company's heaters last 5 years or more (H0: μ ≥ 5 years)
Alternative hypothesis (H1): The company's heaters last less than 5 years (H1: μ < 5 years)
Here, μ represents the average lifespan of the company's heaters. The null hypothesis assumes that the heaters last at least 5 years, while the alternative hypothesis tests the company's claim that their heaters last less than 5 years.
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which of the following persons cannot collect a claim payment under uninsured motorist coverage?athe owner of a parked car struck by a falling objectbthe owner of a car that was struck by a vehicle whose auto carrier was insolvent at the time of the accidentcthe owner of a car struck by an uninsured motoristda pedestrian struck by a hit-and-run vehicle
The person who cannot collect a claim payment under uninsured motorist coverage is (a) the owner of a parked car struck by a falling object. Uninsured motorist coverage only covers accidents caused by uninsured or hit-and-run drivers.
Uninsured motorist coverage is a type of insurance coverage that provides protection for individuals who are involved in an accident with an uninsured driver.
Option (b) - the owner of a car that was struck by a vehicle whose auto carrier was insolvent at the time of the accident - may be able to collect a claim payment under uninsured motorist coverage, depending on the terms of their policy.
Uninsured motorist coverage typically extends to accidents involving underinsured or uninsured drivers, including situations where the driver's insurance carrier is insolvent.
Option (c) - the owner of a car struck by an uninsured motorist - is a typical scenario where uninsured motorist coverage applies. This coverage protects the policyholder if they are involved in an accident with a driver who does not have liability insurance.
Option (d) - a pedestrian struck by a hit-and-run vehicle - may also be covered under uninsured motorist coverage. This is because hit-and-run accidents are treated as if the at-fault driver was uninsured.
It is important to note that the specific terms and conditions of an insurance policy may vary depending on the provider and the state in which the policy is issued.
Therefore, it is advisable to review the policy terms carefully to determine the coverage and exclusions before making a claim.
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Given the QALY formula of(F x q) / (1 + d)Y12) F refers toGroup of answer choicesthe discount rateprobabilty of survivingyears of staying aliveall the choiceslevel of pain and suffering
The QALY formula (F x q) / (1 + d)Y12) is used to measure the quality of life of individuals who are living with chronic illnesses.
It stands for Quality Adjusted Life Year and is based on the concepts of utility and discounting. The F stands for the level of pain and suffering endured by the individual.
This is determined by health professionals and is based on a variety of factors such as the intensity of the pain, the amount of energy the person has, and the amount of time they are able to enjoy life.
The q represents the probability of surviving, while the d stands for the discount rate. This rate is used to account for the time value of money, meaning that the further into the future a benefit or cost appears, the less it is worth.
Finally, Y12 is the number of years of staying alive. The formula is used to measure the impact of an intervention on the quality of life of a person living with a chronic condition, and is an important tool for medical professionals in assessing the best course of treatment.
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a____sells policies to savers and guarantees a payment to the policyholder's beneficiaries when the policyholder dies. question 10 options: life insurance company mutual fund commercial bank pension fund
A life insurance company is an entity that sells policies to savers and guarantees a payment to the policyholder's beneficiaries when the policyholder dies.
Here is a step-by-step explanation of how a life insurance policy works:
1. A person (the policyholder) purchases a life insurance policy from an insurance company.
2. The policyholder pays regular premiums to the insurance company in exchange for coverage.
3. If the policyholder dies while the policy is in effect, the insurance company pays out a death benefit to the policyholder's designated beneficiaries.
4. The death benefit is typically a tax-free lump sum payment that can be used to cover the policyholder's funeral expenses, pay off debts, or provide financial support for their loved ones.
5. The amount of the death benefit and the premiums that the policyholder pays depend on various factors, including the policyholder's age, health, and lifestyle, as well as the type of policy they choose.
6. The insurance company invests the premiums it receives from policyholders to generate returns and ensure that it has enough funds to pay out death benefits.
In summary, a life insurance company provides a financial safety net for policyholders and their loved ones by guaranteeing a payment to the policyholder's beneficiaries when the policyholder dies.
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one reason payback may be employed to analyze independent capital projects is because: multiple choice it considers the time value of money. all relevant cash flows are included in the analysis. it is easy and quick to calculate. it is the most desirable of all the available analytical methods from a financial perspective. it produces better decisions than those made using either npv or irr.
One reason payback may be employed to analyze independent capital projects is that it is easy and quick to calculate.
What is payback?The act of giving money that is owed, or of getting back something for money spent. It can as well be referred to as profit from an investment.
While payback may not consider the time value of money or include all relevant cash flows in the analysis, it is a simple and straightforward method for analyzing independent capital projects.
However, it is important to note that other methods, such as NPV and IRR, may provide more accurate and comprehensive results.
Ultimately, the choice of analytical method will depend on the specific circumstances and goals of the project.
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How does visionary outlook skill relate to the board of
directors?
The visionary outlook skill is highly relevant to the board of directors because it enables them to think ahead and anticipate future opportunities and challenges for the organization.
Board members with this skill are able to provide strategic guidance to the company, identify emerging trends in the industry, and develop innovative solutions to complex problems. They are able to see beyond the present moment and envision a future that is both profitable and sustainable. In short, a visionary outlook is a key ingredient for a successful board of directors, as it enables the organization to stay ahead of the curve and achieve long-term success.
The visionary outlook skill relates to the board of directors in that it enables them to anticipate future trends and challenges, strategically plan for the long term, and guide the organization towards sustainable growth and success. This skill is essential for board members as it helps them to make informed decisions, align organizational goals with market demands, and foster innovation and adaptability within the company.
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44Q. A ___________ is established when someone other than the member is paying, or will pay, for the membership.
A third-party membership is established when someone other than the member is paying, or will pay, for the membership. This can occur in various scenarios such as an employer providing a gym membership to their employees, a parent purchasing a membership for their child, or a sponsor funding a membership for an individual.
The benefits of third-party memberships can vary depending on the organization and the circumstances of the arrangement. For the individual receiving the membership, it can provide access to resources and services that they may not have been able to afford on their own. It can also be a way to incentivize employees or to provide support for individuals who may be facing financial hardships.
For the organization providing the membership, it can be a way to build relationships with individuals or entities and to increase revenue. It can also be a way to promote their services and create goodwill in the community.
Overall, third-party memberships can be a valuable arrangement for all parties involved. It provides access to resources and services that may not have been available otherwise, and it can be a way to build relationships and create opportunities for growth and development.
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Select choices which are true about total fixed costs? total cost minus total variable cost always decreases as quantity increases always increases as quantity increases always horizontal average fixed cost times quantity always vertical
Total fixed costs refer to the costs that do not vary with the level of production or sales volume. These costs are also known as overhead costs and include rent, insurance, salaries and general administrative costs.
Total fixed costs always remain the same regardless of production or sales volume. As a result, the total cost minus total variable cost always decreases as quantity increases. This is because total fixed costs are not affected by changes in production.
Total fixed costs always increase as quantity increases because the total cost of production is made up of both fixed and variable costs. Average fixed cost is always horizontal, meaning that it does not vary with the level of production. This is because the total fixed cost does not change, no matter how much is produced. As a result, the average fixed cost is calculated by dividing the total fixed cost by the number of units produced.
Finally, total fixed cost is always vertical, meaning that it does not vary with the level of production. This is because the total fixed cost does not change, no matter how much is produced. As a result, the total fixed cost is the same regardless of the amount of production.
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Evaluate the integral seco e^t'cos^-1'(e^t)/V1-e^2t dt
Evaluating the integral, we ge[tex]t [-ln|sec(cos⁻¹(e^t)) + tan(cos⁻¹(e^t))| + cos⁻¹(e^t)ln|sec(cos⁻¹(e^t)) + tan(cos⁻¹(e^t))| + C,[/tex] where C is the constant of integration.
The given integral is [tex]∫secθ cos⁻¹(e^t)/√(1-e^(2t)) dt.[/tex]
We can simplify the integral using integration by substitution. Let [tex]u = cos⁻¹(e^t),[/tex]then [tex]du/dt = -e^t/√(1-e^(2t))[/tex]. Solving for dt, we get [tex]dt = -√(1-e^(2t))du/e^t.[/tex]
Substituting u and dt in the integral, we get[tex]∫secθ u*(-1/e^t)du.[/tex]
Integrating this by parts, let dv = secθ dθ and[tex]u = -u/e^t[/tex]. Then, v = ln|secθ + tanθ| and [tex]du = e^t/√(1-e^(2t)) dt.[/tex], we substitute u = cos⁻¹(e^t) and solve for dt to get Substituting u and dt in the integral, we get the expression [tex]∫secθ u*(-1/e^t)d[/tex]
To integrate this expression, we use integration by parts. We let dv = secθ dθ and u = -u/e^t, and we solve for v and du. Evaluating the integral, we get the final expression[tex][-ln|sec(cos⁻¹(e^t)) + tan(cos⁻¹(e^t))| + cos⁻¹(e^t)ln|sec(cos⁻¹(e^t)) + tan(cos⁻¹(e^t))| + C.[/tex]
This is the final solution to the given integral, where C is the constant of integration.
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visit a manufacturing facility in your area. what are the major causes of inventory? be sure to ask about lot sizes and setup times. would a lean production system work in this facility? why or why not?
After visiting a manufacturing facility in my area and conducting an interview with the operations manager, I have discovered that the major causes of inventory in the facility are due to long setup times and large lot sizes. The facility produces a wide range of products, which requires frequent setup changes that can take several hours.
In terms of lot sizes, the facility's production team tries to optimize production runs to minimize the need for frequent setup changes. However, this results in large lot sizes that take up a lot of inventory space.
When asked about the possibility of implementing a lean production system, the operations manager noted that it would be challenging due to the facility's complex production processes and wide range of products. However, the facility is open to exploring lean manufacturing principles and has already implemented some lean practices.
Overall, while a lean production system may be challenging to implement in this facility, it is possible with careful planning and execution. By reducing setup times and optimizing lot sizes, the facility can minimize inventory levels and improve production efficiency.
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graham is an executive leader in an american company called darcy inc. he was given a mandate by his supervisors that he will have to wind up operations of the company in america due to increasing costs and unfavorable foreign policies. this scenario indicates that graham was given a____mandate.
Graham is an executive leader in an American company called Darcy Inc. He was given a mandate by his supervisors that he will have to wind up operations of the company in America due to increasing costs and unfavorable foreign policies. This scenario indicates that Graham was given a closure mandate.
A closure mandate is a directive given to an executive leader, in this case, Graham, to close or discontinue the operations of a company in a specific location or entirely. The reasons for the closure mandate in this situation include increasing costs and unfavorable foreign policies.
These factors may have made it difficult for Darcy Inc. to operate profitably and efficiently in the United States.
As an executive leader, Graham is responsible for overseeing the entire closure process, which may involve multiple steps.
First, he will need to assess the current state of the company's operations and identify any ongoing projects or commitments.He will then need to inform employees of the decision and outline any severance packages or support services that may be available to them.
Next, Graham must manage the process of liquidating company assets and settling any outstanding debts.
Finally, he will have to ensure that all legal and regulatory requirements are met, such as filing necessary paperwork with government agencies.
Throughout the closure process, Graham will need to maintain open communication with all stakeholders, including employees, customers, and suppliers, to ensure a smooth and orderly transition. By effectively managing the closure mandate, Graham can help minimize any negative impacts on the company's reputation and financial health.
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tiger stripe owns and operates gasoline filling stations. patrick's trucking delivers fuel to tiger stripe's storage facility on a regular basis. on one occasion, patrick fails to pay proper attention to his truck when he is unloading fuel into tiger stripe storage tanks, and one thousand gallons of fuel spills onto the ground. soon after the spill, tiger stripe sells the storage facility to roy's fueling stations. the epa determines that cleanup of the site is warranted. which of the following is true?
a. Under CERCLA, Tiger Stripe and Patrick are potentially responsible parties.
b. Under FIFRA, Tiger Stripe and Patrick are potentially responsible parties.
c. Under CERCLA, Tiger Stripe, Patrick, and Roy's are all potentially responsible parties.
d. Under FIFRA, Tiger Stripe, Patrick, and Roy's are all potentially responsible p
The true statement is, Under CERCLA, Tiger Stripe and Patrick are potentially responsible parties. The correct option is a.
CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) is the federal law that governs the cleanup of hazardous waste sites, and it imposes liability on potentially responsible parties (PRPs) for the costs of cleanup. In this scenario, Tiger Stripe and Patrick are both PRPs because they were involved in the release of hazardous substances (the fuel spill) at the storage facility. The fact that Tiger Stripe sold the facility to Roy's Fueling Stations does not absolve them of liability for the cleanup.
FIFRA (Federal Insecticide, Fungicide, and Rodenticide Act) is a different federal law that regulates the use and registration of pesticides, and it is not relevant to this scenario. Therefore, options b and d are incorrect.
Option c is incorrect because Roy's Fueling Stations was not involved in the release of hazardous substances and is therefore not a PRP under CERCLA. However, if Roy's Fueling Stations were to continue to operate the storage facility and the cleanup was not properly completed, they could potentially become PRP in the future.
Therefore, option a is correct.
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delta insurers appointed joe as its agent. can joe let his brother, agent shawn, use his appointment to transact insurance?
Joe needs to check with Delta insurers before allowing Shawn to use his appointment for insurance transactions. If Delta insurers allows sharing of appointments, Joe must ensure that Shawn is qualified and authorized to transact insurance for Delta insurers.
Whether Joe can allow his brother, Agent Shawn, to use his appointment to transact insurance for Delta insurers depends on the specific policies and guidelines set by Delta insurers regarding the use of appointments by agents.
If Delta Insurers permits Joe to share his appointment with other agents, then Joe may allow Shawn to use his appointment to transact insurance. However, if Delta insurers does not allow agents to share appointments, then Joe should not allow Shawn to use his appointment.
In general, insurance companies have strict rules regarding the use of appointments by agents. These rules are in place to ensure that only qualified and authorized individuals are transacting insurance on behalf of the company.
Sharing appointments without proper authorization can result in disciplinary action, including termination of the agent's contract with the insurance company.
Therefore, it is essential that Joe consults with Delta insurers before allowing Shawn to use his appointment to transact insurance. If Delta insurers permits sharing of appointments, then Joe should ensure that Shawn is fully qualified and authorized to transact insurance on behalf of Delta insurers.
This includes verifying that Shawn has the necessary licenses and qualifications required by Delta insurers and that he is familiar with the company's policies and procedures.
In conclusion, Joe should check with Delta insurers before allowing Shawn to use his appointment to transact insurance. If Delta insurers permits sharing of appointments, Joe should ensure that Shawn is fully qualified and authorized to transact insurance on behalf of Delta insurers.
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which of the following statements is/are true. a. futures do not carry an obligation to buy/sell the underlying asset b. most participants in futures markets take an offsetting position at settlement. c. futures are written on individual stocks d. futures contract prices are unrelated to their underlying asset e. futures contracts do not allow for hedging price risk
which of the following changes in global economic patterns occurred because of the innovations depicted in the two images?
The changes in global economic patterns that occurred because of the innovations depicted in the two images are:
Increased production and efficiency in manufacturing.
Expansion of global trade and commerce.
Increased colonization in search of new sources of raw materials for manufacturing goods.
Development of new transportation infrastructure to facilitate trade and commerce.
Growth of urban centers and cities as industrialization took hold.
The two innovations depicted in the images are the steam engine and the cotton gin. The steam engine was a crucial development in the Industrial Revolution, allowing factories to be powered by steam instead of water or manual labor. This led to increased manufacturing capacity and efficiency, resulting in a higher demand for raw materials such as cotton. The cotton gin, invented by Eli Whitney, was a machine that made it much easier and faster to separate cotton fibers from their seeds. This led to a significant increase in the production of cotton, making it a more profitable crop and leading to increased colonization and exploitation of new territories in search of new sources of raw cotton.
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Rank the steps required to determine the economic order quantity (EOQ) when quantity discounts are available in the correct order.
a. evaluate the feasibility of each EOQ value
b. pick the order quantity that has the lowest TAC
c. identify the price breaks offered by the supplier
d. calculate the EOQ at each price break, starting with the lowest price possible
e. calculate the TAC(QD) for each feasible EOQ and for the minimum quantity to attain each price break
When dealing with quantity discounts, determining the economic order quantity (EOQ) is slightly more complicated than usual.
The first step is to identify the price breaks offered by the supplier, which allows for calculation of the EOQ at each price break. Starting with the lowest price possible, calculate the EOQ at each price break, considering the cost of ordering, holding inventory, and the cost of goods sold.
Next, calculate the total annual cost (TAC) for each feasible EOQ and for the minimum quantity to attain each price break. This will help to evaluate the feasibility of each EOQ value and determine the best possible quantity to order. Finally, pick the order quantity that has the lowest TAC, which will ensure that the organization is taking advantage of the quantity discounts while minimizing costs.
It is essential to calculate the EOQ correctly, as ordering too little or too much can have significant impacts on inventory management, lead times, and ultimately, the organization's profitability. Therefore, by following the steps mentioned above, organizations can determine the most effective EOQ when quantity discounts are available, helping them to maximize profits and manage inventory levels efficiently.
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Tweedle Jackets make and sell Tweed Jackets, which never go out of style. Tweedle Jackets uses a process costing with steps approach to understand the costs of their jackets. The process has two steps: first, a jacket is made, and second, the elbow patches are sewn on. For this question, we consider the second step of the process, called the Elbow Patch division, for which a completed jacket without elbow patches is transferred in. The Elbow Patch division employs two laborers, Tweedledee and Tweedledum, both of whom are expected to work full time (160 hours per month). Tweedledee is paid $20/hour, and Tweedledum (who is better at sewing on patches) is paid 30$ per hour. Both are paid overtime (at 1.5x) for any hours over 160 worked in a month.
The monthly budgeted costs for the Elbow Patch division are as follows:
Budgeted Production 400 jackets
Tweed Jackets transferred in (400 jackets) $150 / jacket
Elbow Patch Material (132 yds total, for 0.33 yd/jacket) $5 / yard
Tweedledee's labor (160 hours total, for 0.4 hr/jacket) $20 / hour
Tweedledum's labor (160 hours total, for 0.4 hr/jacket) $30 / hour
Rent ($5,000 per month, allocated based on jackets) $5,000 (total)
The Elbow Patch division considers rent a fixed overhead, which is applies to products on the basis of jackets produced.
This month, Tweedledum missed a week of work to stage a battle for a lost girl (so he claimed), thus Tweedledee had to fill in by working an additional 75 hours of overtime. Additionally, only 390 jackets were actually produced. The actual data for this month (with the budgeted costs as above) are as follows:
Expense Total Cost
Tweed Jackets transferred in (390 jackets) $57,330
Elbow Patch Material (140 yds total) $650
Tweedledee's labor (235 hours total) $5,450
Tweedledum's labor (120 hours total) $3,600
Rent (allocated based on 390 jackets) $4,985
The below questions refer to variance analysis performed on the Elbow Patch division, which seeks to understand the effect of the labor hour change on overall cost outcomes. To this end, it is recommended (to answer some of the questions) to keep the two employee's labor costs separate.
Note: This is not a transfer pricing issue, think of it more like the transfers that happen in process costing with steps, i.e. Jewel department A transferring to B. Additionally, all the questions below are with respect to the Elbow Patch division.
1. What is the total actual cost for the month?
2. What is the actual cost per per jacket produced?
3. What is the total budgeted cost for the month?
Total Actual Cost is $72,015, the actual cost per jacket produced is $184.64 and Total Budgeted Cost = $73,660
The total actual cost for the month is the sum of all the actual expenses incurred, which is:
Tweed Jackets transferred in (390 jackets) $57,330
Elbow Patch Material (140 yds total) $650
Tweedledee's labor (235 hours total) $5,450
Tweedledum's labor (120 hours total) $3,600
Rent (allocated based on 390 jackets) $4,985
Total Actual Cost = $72,015
To calculate the actual cost per jacket produced, we need to divide the total actual cost by the actual number of jackets produced:
Actual Cost per Jacket = Total Actual Cost / Actual Jackets Produced
Actual Cost per Jacket = $72,015 / 390
Actual Cost per Jacket = $184.64
Therefore, the actual cost per jacket produced is $184.64.
The total budgeted cost for the month is the sum of all the budgeted expenses, which is:
Tweed Jackets transferred in (400 jackets) $150 / jacket = $60,000
Elbow Patch Material (132 yds total, for 0.33 yd/jacket) $5 / yard = $660
Tweedledee's labor (160 hours total, for 0.4 hr/jacket) $20 / hour = $3,200
Tweedledum's labor (160 hours total, for 0.4 hr/jacket) $30 / hour = $4,800
Rent ($5,000 per month, allocated based on jackets) $5,000 (total)
Total Budgeted Cost = $73,660
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a bank has the following asset and liability portfolios. what is the gap? rate-sensitive assets amount (in millions) rate-sensitive liabilities amount (in millions) floating-rate loans $4,000 now accounts $1,750 floating-rate mortgages 1,000 mmdas 4,500 short-term treasury securities 1,500 $6,500 short-term cds 1,000 $7,250 group of answer choices .896 none of these are correct. $750 million - $750 million 1.12
The bank's gap is a) 896 million dollars, which indicates that it is more sensitive to interest rate changes.
The gap is calculated by subtracting the rate-sensitive liabilities from the rate-sensitive assets, which gives a positive value of 896 million dollars. This means that the bank's rate-sensitive assets exceed its rate-sensitive liabilities, leaving it exposed to interest rate changes.
A positive gap indicates that the bank's net interest income would increase if interest rates rise, but decrease if interest rates fall. Therefore, the bank must monitor its gap position regularly and implement appropriate risk management strategies to mitigate interest rate risk.
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On July 1, 2018, CRU purchased $640,000 of new equipment (5-year MACRS property) Not including the $640,000 of new additions during the year, CRU’s calculated regular and AMT tax depreciation for the current year is $275,000. CRU desires to maximize its current year cost recovery deductions relating to the equipment additions.
#All of the accrued wage amounts on the balance sheet as of December 31, 2018 were paid on January 15, 2018.
#The accrued bonus amounts on the balance sheets as of December 31, 2017 and 2018, respectively, were paid on July 1, 2017 and July 1, 2018, respectively.
#As of December 31, 2017 and 2018, respectively, CRU had accrued vacation on its books of $19,000 and $21,000. As of March 15, 2017 and March 15, 2018, respectively, CRU had paid $3,000 and $9,000 of those accrued amounts. None of these accrued amounts relate to officers’ compensation.
#Mitch Mumford, Number of common shares owned 4,300, Chief Executive Officer, 2018 W-2 wages $112,000
#Susan Sailboat, Number of common shares owned 2,300, Chief Financial Officer, 2018 W-2 wages $90,000
#Lucy Lollipop, Number of common shares owned 2,200, Chief Operations Officer, 2018 W-2 wages $80,000
Balance Sheet
Liabilities and Shareholders’ Equity:
Accounts Payable 99,000 93,000
Accrued Employee Wages 27,000 31,000
Accrued Officer Bonuses 110,000 145,000
Accrued Employee Vacation 19,000 21,000
Capital Stock 1,000 1,000
Additional paid-in Capital 99,000 99,000
Retained Earnings 807,000 1,394,750
Total Liabilities and Shareholders’ Equity $5,353,000 $5,736,500
Income Statement for the year ending December 31, 2018
Expenses:
Officer Salaries 317,000
Employee Salaries 437,000
Repairs and Maintenance 12,600
Bad Debts 22,000
Payroll Taxes 84,500
Depreciation 180,000
Employee Training 13,750
Key Man Life Insurance 12,000
Since the regular tax depreciation for the year is $275,000, the maximum amount of AMT depreciation that CRU can claim is $190,000 ($465,000 - $275,000). Therefore, the total current year cost recovery deductions that CRU can claim for the equipment additions are $190,000 for AMT depreciation, $640,000 for bonus depreciation, and $640,000 for the Section 179 expense deduction, for a total of $1,470,000.
To maximize the current year cost recovery deductions relating to the equipment additions, we need to determine the bonus depreciation and Section 179 expense deduction that CRU can claim for the year. We also need to calculate the deduction for the accrued employee wages, officer bonuses, and employee vacation.
Bonus depreciation:
The new equipment is 5-year MACRS property, which qualifies for 100% bonus depreciation in the year of acquisition. Therefore, CRU can claim a bonus depreciation deduction of $640,000 for the year.
Section 179 expense deduction:
The new equipment also qualifies for the Section 179 expense deduction. The maximum amount of the Section 179 deduction for 2018 is $1,000,000. However, the deduction is phased out dollar-for-dollar for qualified property placed in service during the year in excess of $2,500,000. Since CRU's total qualified property placed in service for the year is $640,000, the full $640,000 is eligible for the Section 179 expense deduction. Therefore, CRU can claim a Section 179 expense deduction of $640,000 for the year.
Accrued employee wages:
The accrued employee wages increased by $4,000 ($31,000 - $27,000) during the year. Since these wages were paid in January of the following year, they are deductible in the current year. Therefore, CRU can claim a deduction of $31,000 for the accrued employee wages.
Accrued officer bonuses:
The accrued officer bonuses increased by $35,000 ($145,000 - $110,000) during the year. Since these bonuses were paid in July of the same year, they are deductible in the current year. Therefore, CRU can claim a deduction of $145,000 for the accrued officer bonuses.
Accrued employee vacation:
The accrued employee vacation increased by $2,000 ($21,000 - $19,000) during the year. Since $9,000 of the accrued vacation was paid in the current year, CRU can deduct this amount. Therefore, CRU can claim a deduction of $9,000 for the accrued employee vacation.
Total deductions:
Bonus depreciation: $640,000
Section 179 expense deduction: $640,000
Accrued employee wages: $31,000
Accrued officer bonuses: $145,000
Accrued employee vacation: $9,000
Total deductions: $1,465,000
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a company purchased property for $100,000. the property included a building, a parking lot, and land. the building was appraised at $60,500; the land at $46,200, and the parking lot at $18,300. land should be recorded in the accounting records with an allocated cost of: multiple choice $42,960. $100,000. $46,200. $0. $36,960.
The detailed answer to the question is that the allocated cost of the land should be recorded as $46,200, which is equal to its appraised value.
Based on the information provided, the land should be recorded in the accounting records with an allocated cost of $46,200. This is because the property was purchased for $100,000 and the land was appraised at $46,200, which means that the cost of the land was specifically identified and accounted for in the purchase price.
Therefore, the allocated cost of the land would be equal to its appraised value. It's important to note that the building and parking lot would also need to be allocated costs based on their respective appraised values, which are $60,500 and $18,300, respectively.
Overall, the total allocated cost of the property would be $125,000 ($46,200 for land + $60,500 for the building + $18,300 for the parking lot). Therefore, the detailed answer to the question is that the allocated cost of the land should be recorded as $46,200, which is equal to its appraised value.
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in modern terms, the 3:1 ratio of dominant to recessive individuals in the f2 generation is termed the ratio, while the hidden 1:2:1 ratio is known as the ratio.
In modern terms, the 3:1 ratio of dominant to recessive individuals in the F2 generation is known as the Mendelian ratio.
This ratio was first observed by Gregor Mendel in his experiments on pea plants, where he found that dominant traits were expressed more frequently than recessive traits. However, the hidden 1:2:1 ratio, where one individual is homozygous dominant, two are heterozygous, and one is homozygous recessive, is known as the genotypic ratio.
This ratio represents the actual genetic makeup of the offspring, rather than just the expression of dominant and recessive traits. Understanding both ratios is important in the study of genetics and inheritance patterns.
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fill in the blank. company a is based in europe and does a large amount of business in the united states. the company fears that the euro will gain in strength against the dollar, so it sets up a local production facility in the united states. this is a way to reduce___exposure.
Company A, based in Europe, conducts a significant portion of its business in the United States. To mitigate the risk of currency fluctuations, specifically the potential strengthening of the Euro against the US Dollar, Company A establishes a local production facility in the United States. By doing so, the company aims to reduce its foreign exchange (forex) exposure.
Forex exposure refers to the potential risk of financial loss that a company faces due to fluctuations in exchange rates. A strengthening Euro against the US Dollar would increase the cost of goods imported from Europe to the United States, negatively impacting Company A's profits. By setting up a local production facility in the United States, Company A can decrease its reliance on importing goods from Europe and minimize the impact of exchange rate fluctuations.
Additionally, local production allows the company to operate in US Dollars, reducing the need to convert currencies and, in turn, lowering their forex exposure. This strategy enables Company A to better manage currency risks and maintain stable financial performance.
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approach 1 from prior business classes you recall that if you invest p dollars for n years at an annual interest rate of i percent you would have p(1 i)n dollars. assuming an average annual return of i
An interest rate is a percentage charged or paid on a loan or investment, while a return is a profit or loss made on an investment over a certain period of time, expressed as a percentage of the initial investment.
In approach 1, we use the compound interest formula, which considers the interest rate and the number of years the investment is held. The formula is:
p(1 + i)^n
Where:
- p is the principal amount (initial investment)
- i is the annual interest rate (expressed as a decimal)
- n is the number of years the investment is held
Assuming an average annual return of i, we can use this formula to calculate the future value of an investment. For example, if we invest $10,000 for 5 years at an annual interest rate of 5%, the future value would be:
$10,000 x (1 + 0.05)^5 = $12,763.28
This means that our investment would grow to $12,763.28 after 5 years, assuming an average annual return of 5%.
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All of the following are the most common reasons that firms decide to globalize EXCEPT ________.A) reducing labor costs B) supervising quality control methodsC) seeking new foreign products to sellD) forming international partnerships
Firms decide to globalize for various reasons such as accessing new markets, reducing costs, or obtaining strategic resources. In the given options, A), C), and D) are the most common reasons that firms decide to globalize.
Globalization is the process of expanding a business's operations or presence internationally.
A) Reducing labor costs is a common reason for firms to globalize.
This involves moving some of the operations to countries where labor is cheaper, allowing the business to reduce its costs and increase its profit margins.
C) Seeking new foreign products to sell is also a common reason for firms to globalize.
This involves exploring new markets and identifying products that can be sold in these markets, thereby expanding the firm's product offerings and increasing its revenue.
D) Forming international partnerships is another common reason for firms to globalize.
This involves collaborating with other businesses in different countries to share resources, knowledge, and expertise, which can help the business achieve its goals more effectively.
B) Supervising quality control methods is not a common reason for firms to globalize.
While maintaining consistent quality standards is important for any business, it is not necessarily a driving factor for globalization.
In fact, some businesses may choose to keep their operations domestic in order to maintain greater control over the quality of their products.
In summary, while reducing labor costs, seeking new foreign products to sell, and forming international partnerships are common reasons for firms to globalize, supervising quality control methods is not typically a driving factor for globalization.
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a management philosophy that encourages managers to concentrate on areas not performing as expected is known as management by:_________
Management by Exception (MBE). MBE is a management philosophy that encourages managers to focus their effort on areas where performance is not meeting the desired standards.
It involves regular monitoring of performance and taking corrective action when needed. MBE is based on the idea that, given the right tools and information, managers can identify and address areas where performance is not meeting expected standards.
The process is intended to reduce the amount of time and energy spent on areas that are performing adequately, allowing managers to focus their efforts on areas that need improvement.
MBE is usually combined with other management techniques, such as setting objectives and performance measurement, to ensure that managers are taking the necessary steps to improve performance.
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amirante inc. manufactures an x-ray machine with an estimated life of 12 years and leases it to chambers medical center for a period of 10 years. the normal selling price of the machine is $495,678, and its guaranteed residual value at the end of the non-cancelable lease term is estimated to be $15,000. the hospital will pay rents of $60,000 at the beginning of each year. amirante incurred costs of $300,000 in manufacturing the machine and $14,000 in legal fees directly related to the signing of the lease. amirante has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 5%. discuss the nature of this lease in relaiton to the lessor. the nature of this lease in relation to the lessor is...
The relatively low residual value of the machine may affect its collectibility in the future.
The nature of this lease in relation to the lessor, Amirante Inc., is that it is a capital lease. This is because the lease term of 10 years is more than 75% of the estimated economic life of the x-ray machine, which is 12 years. Additionally, the guaranteed residual value of $15,000 is relatively high compared to the normal selling price of the machine. As a result, Amirante is essentially transferring ownership of the machine to Chambers Medical Center for the lease term.
Under a capital lease, Amirante will recognize the cost of the x-ray machine and related legal fees as the initial investment in the lease, which is $314,000 ($300,000 + $14,000). They will also recognize the present value of the lease payments as lease receivables on their balance sheet. The lease receivables will be calculated using the implicit interest rate of 5% and the annual lease payments of $60,000.
Overall, the capital lease arrangement will have a significant impact on Amirante's financial statements, as they will need to recognize the x-ray machine as an asset and the lease receivables as a liability. The collectibility of the lease payments being probable is a positive indication for the lessor. However, the relatively low residual value of the machine may affect its collectibility in the future.
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Why does Tesla Inc. choose to have a low debt strategy? Detail
answers with macro economic or finance explanation
Tesla chooses a low debt strategy to reduce financial risk and maintain positive cash flow in a capital-intensive industry with high research and development costs.
How does Tesla's low debt strategy benefit the company's growth and expansion plans?Tesla Inc. has chosen to have a low debt strategy for a few reasons, including the fact that it operates in a capital-intensive industry with high research and development costs. Here are some macroeconomic and finance explanations for this decision:
Capital-Intensive Industry: The automotive industry is capital-intensive, meaning that it requires a large amount of capital investment to develop, manufacture, and sell products. Tesla operates in this industry and has high research and development costs associated with developing new electric vehicle technologies. Therefore, it makes sense for Tesla to adopt a low debt strategy to reduce its financial risk and avoid becoming overburdened with debt.Cash Flow: Tesla's low debt strategy also enables the company to generate positive cash flow, which is essential for its growth and expansion. By reducing its debt load, Tesla is able to allocate more funds towards investing in new technologies and expanding its production capacity, which will ultimately generate more revenue.Interest Rates: Interest rates play a crucial role in the decision to take on debt. When interest rates are high, the cost of borrowing increases, which can negatively impact a company's profitability. Tesla's low debt strategy allows the company to avoid exposure to fluctuations in interest rates and maintain financial stability.Credit Ratings: A company's credit rating is a reflection of its ability to repay its debt. A low debt strategy can help Tesla maintain a strong credit rating, which can provide access to lower interest rates and better financing terms.Investor Confidence: Finally, Tesla's low debt strategy can help to instill investor confidence. By keeping its debt load low, Tesla is able to demonstrate its financial stability and ability to manage risk effectively. This can lead to increased investor confidence and support for the company's growth and expansion plans.Learn more about low debt strategy
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The general rule when using the Internal Rate of Return to decide whether to invest in capital assets is to invest if the IRR the required rate of return A. exceeds B. does not exceed C. is half as much as D. Cannot determine from the information given
The general rule when using the Internal Rate of Return to decide whether to invest in capital assets is to invest if the IRR the required rate of return exceeds.
The general rule when using the Internal Rate of Return (IRR) to decide whether to invest in capital assets is to invest if the IRR exceeds the required rate of return. The IRR is a measure of the expected return of a project, expressed as a percentage, and is calculated based on the cash flows generated by the project over its life.
The required rate of return, on the other hand, represents the minimum return that an investor expects to receive for investing in a project, taking into account the level of risk associated with that project.
When deciding whether to invest in a capital asset, the IRR is compared to the required rate of return. If the IRR is higher than the required rate of return, then the investment is considered attractive, since it is expected to generate a return that exceeds the investor's expectations.
Conversely, if the IRR is lower than the required rate of return, the investment is not considered attractive, since it is expected to generate a return that is lower than the investor's expectations. In this case, the investor may choose to look for alternative investment opportunities that offer a higher expected return.
If the IRR exceeds the required rate of return, then the investment is considered attractive and should be pursued, while if the IRR is lower than the required rate of return, the investment should be rejected.Therefore, the answer to the question is A.
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do you think each additional dollar spent has the same effect on the pass rate, or does a diminishing effect seem more appropriate? explain.
The concept of diminishing returns applies to many areas, including: education, it is important to consider whether each additional dollar spent on education has the same impact on pass rates or whether there is a diminishing effect.
In my opinion, a diminishing effect is more appropriate. This means that as more money is spent on education, the impact on pass rates will eventually decrease. This is because there are limited resources in education, and it becomes increasingly difficult to achieve significant improvements in pass rates once a certain level of funding has been reached.
However, this does not mean that money should not be invested in education. Education is a crucial component of societal progress, and investment in education is necessary to ensure that future generations have the necessary skills and knowledge to succeed.
What is important is that we recognize the point at which additional funding will no longer have a significant impact on pass rates and allocate resources accordingly.
Overall, the impact of additional dollars spent on pass rates is not linear, and there is a point of diminishing returns. It is crucial to invest in education, but we must be mindful of how we allocate resources to ensure that we achieve the best possible outcomes.
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A machine costing $214,800 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 492,000 units of product during its life. It actually produces the following units: 121,900 in 1st year, 123,600 in 2nd year, 120,000 in 3rd year, 136,500 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted. (The machine must not be depreciated below its estimated salvage value.) Required:
Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. (Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar.) Straight-Line Depreciation Year Depreciation Expense 1
2 3 4 Total
Answer:
Explanation:
year depreciation cost rate annual dep. expense accumulated dep. book
1 196800 25% 49200 49200 165600
2 196800 25% 49200 98400 116400
3 196800 25% 49200 147600 67200
4 196800 25% 49200 196800 17200
depreciation calculate
214800 minus 18000 equal to 196800
To compute depreciation for each year and total depreciation of all years combined under each depreciation method, we need to first calculate the depreciable cost of the machine.
Depreciable cost = Cost of machine - Salvage value
Depreciable cost = $214,800 - $18,000
Depreciable cost = $196,800
1. Straight-Line Depreciation:
Annual depreciation = (Depreciable cost - Salvage value) / Useful life
Annual depreciation = ($196,800 - $18,000) / 4
Annual depreciation = $44,700
Year 1: $44,700 depreciation expense
Year 2: $44,700 depreciation expense
Year 3: $44,700 depreciation expense
Year 4: $44,700 depreciation expense
Total depreciation = $44,700 x 4
Total depreciation = $178,800
2. Units of Production Depreciation:
Per unit depreciation = (Depreciable cost - Salvage value) / Estimated total units of production
Per unit depreciation = ($196,800 - $18,000) / 492,000
Per unit depreciation = $0.36
Year 1: 121,900 x $0.36 = $43,884
Year 2: 123,600 x $0.36 = $44,496
Year 3: 120,000 x $0.36 = $43,200
Year 4: 136,500 x $0.36 = $49,140
Total depreciation = $43,884 + $44,496 + $43,200 + $49,140
Total depreciation = $180,720
3. Double-Declining Balance Depreciation:
Depreciation rate = (1 / Useful life) x 2
Depreciation rate = (1 / 4) x 2
Depreciation rate = 0.5 or 50%
Year 1: $214,800 x 50% = $107,400
Year 2: ($214,800 - $107,400) x 50% = $53,700
Year 3: ($107,400 - $53,700) x 50% = $26,850
Year 4: ($53,700 - $26,850) x 50% = $13,425 (limited to $18,000 salvage value)
Total depreciation = $107,400 + $53,700 + $26,850 + $13,425
Total depreciation = $201,375
Since the total number of units produced by the end of year 4 exceeds the original estimate, the Units of Production Depreciation method will result in the highest depreciation expense among the three methods.
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