To raise operating funds, Coyne Incorporated sold its office building to an insurance company on January 1, 2021, for $1,600,000 and immediately leased the building back. The operating lease is for 12 years of the building's estimated 20-year remaining useful life. The building has a fair value of $1,600,000 and a book value of $1,300,000 (its original cost was $2 million). The rental payments of $200,000 are payable to the insurance company each December 31. The lease has an implicit rate of 9%.

Prepare the appropriate entries for National Distribution Center on January 1, 2018 and December 31, 2018, to record the sale-leaseback and necessary adjustments.

1. Record Sale of Building
2. Record the beginning of the lease for National
3. Record the lease and interest expense for National
4. Record the amortization expense for national

Answers

Answer 1

Answer:

1. 1-Jan-21

Dr Cash $1,600,000

Dr Accumulated Depreciation $700,000

Cr Building $2,100,000

Cr Gain On Sale of Building (BF) $200,000

2. 1-Jan-21

Dr Right Of Use Assets ( 200000* PVAF 9% for 12 year) $1,432,000

Cr Lease Payable $1,432, 000

3. 31-Dec-21

Dr Interest Expense $128,880

Dr Lease Payment (BF) $71,120

Cr Cash $200,000

4. 31-Dec-21

Dr Amortization Expenses $71,120

Cr Right Of Use Assets $71,120

Explanation:

1. Preparation of the Journal entry to Record Sale of Building

1-Jan-21

Dr Cash $1,600,000

Dr Accumulated Depreciation $700,000

(2,000,000-1,300,000)

Cr Building $2,100,000

[(1,600,000+700,000)-200,000]

Cr Gain On Sale of Building (BF) $200,000

(To Record Lease)

2. Preparation of the journal entry to Record the beginning of the lease for National

1-Jan-21

Dr Right Of Use Assets ( 200000* PVAF 9% for 12year)

(200,000*7.16) $1,432,000

Cr Lease Payable $1,432, 000

(To Record The Leae Payable)

3. Preparation of the journal entry to Record the lease and interest expense for National

31-Dec-21

Dr Interest Exp

(1,432,000*9%) $128,880

Dr Lease Payment (BF) $71,120

(200,000-128,880)

Cr Cash $200,000

(To Record First Lease payment)

4. Preparation of the journal entry to Record the amortization expense for national

31-Dec-21

Dr Amortization Expenses $71,120

Cr Right Of Use Assets $71,120

(To Record Amortisation Expense)


Related Questions

what are you being for halloween

Answers

Answer:

maybe a fox

Explanation:

A dinosaur maybe , mAybe not ,

The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.

MOTO HOTEL Trial Balance May 31, 2017

Debit Credit
Cash $2,403
Supplies 2,600
Prepaid Insurance 1,800
Land 14,903
Buildings 70,000
Equipment 16,800
Accounts Payable $4,603
Unearned Rent Revenue 3,300
Mortgage Payable 36,000
Common Stock 59,903
Rent Revenue 9,000
Salaries and Wages Expense 3,000
Utilities Expense 800
Advertising Expense 500
$112,806 $112,806

Other data:
1. Insurance expires at the rate of $450 per month.
2. A count of supplies shows $1,160 of unused supplies on May 31.
3. (a) Annual depreciation is $3,480 on the building. (b) Annual depreciation is $2,880 on equipment.
4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,580 has been earned.
6. Salaries of $760 are accrued and unpaid at May 31.

Required:
Journalize the adjusting entries on May 31.

Answers

Answer:

General Journals

1.

Insurance Expense $450 (debit)

Prepaid Insurance $450 (credit)

Insurance for May expired

2.

Supplies Expenses $1,140 (debit)

Supplies $1,140 (credit)

Supplies used during May

3a.

Deprecation $290 (debit)

Accumulated Depreciation $290 (credit)

Depreciation for building for May

3b.

Deprecation $240 (debit)

Accumulated Depreciation $240 (credit)

Depreciation for equipment for May

4.

Interest Expense  $3,000 (debit)

Mortgage Payable  $3,000 (credit)

Interest expense on Mortgage for May

5.

Unearned Rent Revenue $2,580 (debit)

Rent Revenue $2,580 (credit)

Rent Revenue earned

6.

Salaries Expense $760 (debit)

Accounts Payable $760 (credit)

Salaries for May owing

Explanation:

Mortgage Interest = 1/12 × $36,000

                               = $3,000

See the correction/adjusting entries prepared above.

Support Department Cost Allocation-Direct Method Charlie's Wood Works produces wood products (e.g., cabinets, tables, picture frames, and so on). Production departments include Cutting and Assembly. The Janitorial and Security departments support the Cutting and Assembly departments. The Assembly Department spans about 42,560 square feet and holds assets valued at about $77,520. The Cutting Department spans about 33,440 square feet and holds assets valued at about $126,480. Charlie's Wood Works allocates support department costs using the direct method. If costs from the Janitorial Department are allocated based on square feet and costs from the Security Department are allocated based on asset value.
a. Determine the percentage of Janitorial costs that should be allocated to the Assembly Department.
b. Determine the percentage of Security costs that should be allocated to the Cutting Department.

Answers

Answer:

a. 56%

b. 62%

Explanation:

a. Janitorial costs are allocated based on square feet.

Assembly Department Square feet = 42,560

Total area for both departments = 42,560 + 33,440 = $76,000

Percentage of costs

= 42,560/ 76,000

= 56%

b. Security costs are allocated based on asset value.

Cutting Department Asset Value = $126,480

Total asset value for both departments = 77,520 + 126,480 = $204,000

Percentage of costs

= 126,480/ 204,000

= 62%

The Excellent Agency specializes in developing advertising campaigns for smaller retail clients. Excellent is hired by Shadowleaf Shoes, a small regional chain of six shoe stores, to develop a slogan and specific ads to be used in a three-month newspaper campaign. Shadowleaf’s marketing director, Manuel Margolis, is adamant while meeting with Excellent's account executive, Kia Chin, that the campaign must be catchy and modern to appeal to a target audience that has an active lifestyle and is between the ages of 18 and 35. More importantly, Margolis wants the slogan to be memorable and unique. Kia Chin, representing Excellent, develops a campaign and presents it to Margolis. The campaign is based on the slogan "Do What You Do in a Shadowleaf Shoe." Visuals depict men’s legs—different sizes, skin colors, etc.—walking, jogging, dancing, and otherwise moving in every type of Shadowleaf’s shoes. Margolis feels that this campaign will target young male consumers, but will also get the attention of others regarding the comfort of the shoes, raising awareness of the Shadowleaf brand. After running the ads, the Excellent Agency wins an advertising effectiveness award. It seems that the surprising and appealing visuals gave the slogan unexpectedly positive social meaning for people of all ages, not just men aged 18 to 35. When Manuel Margolis insists on a measuring stick for the creativity of the campaign, what will the Xcellent Agency tell him, if Kia Chin is smart?
A. "The award alone proves that this ad is loaded with creativity."
B. "If people like the ad, they’ll buy the product."
C. "We met the technical standards for this advertising effort."
D. "Great brands do more than just get attention, they make emotional connections."

Answers

Answer:

D. "Great brands do more than just get attention, they make emotional connections."

Explanation:

In the given scenario the aim of Manuel Margolis was to catch attention of clients aged 18 - 35 years. However Kia Chin developed campaign is based on the slogan "Do What You Do in a Shadowleaf Shoe." Visuals depict men’s legs—different sizes, skin colors, etc.—walking, jogging, dancing, and otherwise moving in every type of Shadowleaf’s shoes. After running the ads, the Excellent Agency wins an advertising effectiveness award.

This initiative created an emotional connection with the customer where the visuals attracted them and the comfort of Shadowleaf shoes made them loyal customers.

So the best statement Kia Chin can tell Manuel is "Great brands do more than just get attention, they make emotional connections."

Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,800 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $662,560 in total. The ending work in process inventory in January consisted of 4,000 units, which were 50% complete with respect to materials and 30% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows:
Materials Labor Overhead
Cost per equivalent unit $12.70 $4.00 $6.60
Required:1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month.2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January.3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January.4. Prepare a cost reconciliation for January.

Answers

Answer:

1. Units of Ending work in process

4,000 2,000 1,200 1,200

2. Cost of Ending WIP $25,400 $4,800 $7,920

Total for January $38,120

3.Cost of Units transferred

$340,360 $107,200 $176,880

Total in January $624,440

4. Costs to be accounted for $662,560

Total cost accounted for $662,560

Explanation:

1. Compute the equivalent units of materials, labor, and overhead

Equivalent units of production (EUP) in the Ending work in process - Weighted Average method

Units %Material EUP-Material % Labor EUP- Labor % Overhead EUP- Overhead

Units of Ending work in process

4,000 50% 2,000 30% 1,200 30% 1,200

2. Computation for the cost of ending work in process for January

Computation of Ending Work in process inventory

Materials Labor Overhead

Equivalent units 2,000 1,200 1,200

×Cost per equivalent unit $12.70 $4.00 $6.60

=Cost of Ending WIP $25,400 $4,800 $7,920

Total for January $38,120

3. Computation of the cost of the units transferred to the next department

Computation of Cost of the units transferred

Materials Labor Overhead Total for January

Equivalent units (26,800*100%) 26,800 26,800 26,800

×Cost per equivalent unit $12.70 $4.00 $6.60

=Cost of Units transferred

$340,360 $107,200 $176,880 Total in January $624,440

4. Preparation of a cost reconciliation for January.

Cost Reconciliation Report

Costs to be accounted for $662,560

Costs accounted for as follows:

Cost of unit transferred out $624,440

Add Cost of Ending Work in process inventory $38,120

Total cost accounted for $662,560

Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances).
General Ledger
M. Muncel, Capital Acct. No. 301 Salaries Expense Acct. No. 622
Date PR Debit Credit Balance Date PR Debit Credit Balance
May 31 G2 88,000 May 31 G2 44,000
M. Muncel, Withdrawals Acct. No. 302 Insurance Expense Acct. No. 637
Date PR Debit Credit Balance Date PR Debit Credit Balance
May 31 G2 63,000 May 31 G2 5,460
Services Revenue Acct. No. 401 Rent Expense Acct. No. 640
Date PR Debit Credit Balance Date PR Debit Credit Balance
May 31 G2 155,056 May 31 G2 11,520
Depreciation Expense Acct. No. 603 Income Summary Acct. No. 901
Date PR Debit Credit Balance Date PR Debit Credit Balance
May 31 G2 21,000
Required:
1. Prepare closing journal entries from the above ledger accounts.
2. Post the above entries to their respective ledger accounts in the order entered under Part 1.

Answers

Answer and Explanation:

Answer and explanation attached

observe in the ledger accounts that we have posted to ledger accounts using our journal entries

High Tech Manufacturing manufactures 256GB SD cards​ (memory cards for mobile​ phones, digital​ cameras, and other​ devices). Price and cost data for a relevant range extending to​ 200,000 units per month are as​ follows:


Sales price per unit: (current monthly sales volume is 120,000 units) $25

Variable costs per unit:
Direct materials 6.60
Direct labor 7.70
Variable manufacturing overhead 2.40
Variable selling and administrative expenses 1.90

Monthly fixed expenses:
Fixed manufacturing overhead 241,900
Fixed selling and administrative expenses 327,900

Required:
a. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin?
b. What would the company's monthly operating income be if the company sold 160,000 units?
c. What would the company's monthly operating income be if the company had sales of
d. What is the breakeven point in units? In sales dollars?
e. How many units would the company have to sell to earn a target monthly profit of $260,100?
f. Management is currently in contract negotiations with the labor union. If the negotiations fail, direct labor costs will increase by 10% and fixed costs will increase by S22,500 per month. If these costs increase, how many units will the company have to sell each month to break even?
g. Return to the original data for this question and the rest of the questions. What is the company's current operating leverage factor (round to two decimals)?
h. If sales volume increases by 7%, by what percentage will operating income increase?
i. What is the company's current margin of safety in sales dollars? What is its margin of safety as a percentage of sales?

Answers

Answer:

High Tech Manufacturing

a. Contribution margin per unit:

Selling price = $25

Variable cost   $18.60

Contribution   $6.40

Contribution margin percentage:

Contribution/Selling price * 100

= $6.40/$25 * 100

= 25.6%

Total contribution margin:

Sales Revenue ($25 * 120,000) = $3,000,000

Variable cost ($18.60 * 120,000) =  2,232,000

Total Contribution =                        $768,000

b. Monthly operating income if the company sold 160,000 units:

Sales Revenue ($25 * 160,000) =            $4,000,000

Variable cost ($18.60 * 160,000) =             2,976,000

Total Contribution =                                  $1,024,000

Fixed manufacturing overhead $241,900

Fixed selling and administrative

expenses                                    327,900

Total Expenses                                           $569,800

Operating Income                                    $454,200

c. What would the company's monthly operating income be if the company had sales of $4,500,000?

Sales volume = $4,500,000/$25 = 180,000 units

Sales Revenue ($25 * 180,000) =            $4,500,000

Variable cost ($18.60 * 180,000) =             3,348,000

Total Contribution =                                   $1,152,000

Fixed manufacturing overhead $241,900

Fixed selling and administrative

expenses                                    327,900

Total Expenses                                           $569,800

Operating Income                                     $582,200

d. Break-even point in units = Fixed costs/Contribution per unit

= $569,800/$6.4

= 89,031 units

Break-even point in sales dollars = Fixed costs/Contribution margin ratio

= $569,800/25.6%

$2,225,781.25

e. Sales unit to earn a Target profit of $260,100:

= (Fixed Costs + Target profit)/Contribution per unit

= ($569,800 + $260,100)/$6.40

= 129,672 units

f.  If direct labor costs increase by 10% and fixed costs increase by $22,500, units to sell to break even per month:

= $592,300/$5.63

= 105,204 units

g. Current operating leverage factor = Contribution margin / Net operating income

= $768,000/198,200

= 3.87

h. = 27.12%

Sales Revenue ($25 * 128,400) = $3,210,000

Variable cost ($18.60 * 128,400) =  2,388,240

Total Contribution =                          $821,760

Fixed Costs                                      $569,800

Operating income                            $251,960

Increase operating income = $53,760 ($251,960 - $198,200)

Percentage increase = $53,760/198,200 * 100

= 27.12%

i.  Margin of safety as a percentage of sales:

Margin of safety = (Sales Minus Break-even Sales)/Sales * 100

= ($3,000,000 - $2,225,781)/$3,000,000 * 100

= 3.91%

Explanation:

Price and Cost Data and Calculations:

Relevant range = 200,000 units per month

Sales price per unit: (current monthly sales volume is 120,000 units) $25

Variable costs per unit:

Direct materials                                6.60

Direct labor                                       7.70        + 1.1 = $8.47

Variable manufacturing overhead  2.40

Variable Manufacturing Costs    $16.70

Variable selling and administrative expenses 1.90

Total variable costs per unit  $18.60            New = $19.37

Total contribution margin:

Sales Revenue ($25 * 120,000) = $3,000,000

Variable cost ($18.60 * 120,000) =  2,232,000

Total Contribution =                        $768,000

Total fixed costs =                            $569,800

Operating income =                         $198,200

New Contribution = $25 - 19.37 = $5.63

Contribution margin ratio = $5.63/$25 * 100 = 22.52%

Monthly fixed expenses:

Fixed manufacturing overhead $241,900

Fixed selling and administrative expenses 327,900

Total fixed costs = $569,800

New fixed costs = $569,800 + $22,500 = $592,300

The following selected accounts from the Bramble Corp.’s general ledger are presented below for the year ended December 31, 2022:

Advertising expense $54,000 Interest revenue $32,000
Common stock 249,000 Inventory 66,000
Cost of goods sold 1,084,000 Rent revenue 24,000
Depreciation expense 124,000 Retained earnings 534,000
Dividends 149,000 Salaries and wages expense 674,000
Freight-out 24,000 Sales discounts 8,600
Income tax expense 69,000 Sales returns and allowances 43,000
Insurance expense 15,000 Sales revenue 2,399,000
Interest expense 69,000

Required:
Prepare a multiple-step income statement BRAMBLE CORP.

Answers

Answer:

Bramble Corp.

Multiple-step Income Statement

                                                                                                     $

Sales revenue                                                                       2,399,000

Sales returns and allowances                                                  (43,000)

Net Sales Revenue                                                               2,356,000

Less Cost of goods sold                                                      (1,084,000)

Gross Profit                                                                             1,272,000

Less Operating Expenses :

Selling and Distribution Expenses

Advertising expense                                         54,000

Freight-out                                                         24,000

Sales discounts                                                    8,600          (86,600)

Administrative Expenses

Depreciation expense                                     124,000

Salaries and wages expense                         674,000

Insurance expense                                            15,000         (813,000)

Net Operating Income                                                            372,400

Less Non- Operating Expenses :

Interest revenue                                               (32,000)

Rent revenue                                                    (24,000)

Income tax expense                                          69,000

Interest expense                                                69,000       (82,000)

Net Income/(Loss)                                                                  290,400

Explanation:

The multiple-step income statement has been prepared above.

A project manager is faced with the following activities and times associated with a building construction for a cancer research facility. Each activity can be crashed at most by 2 weeks. The cost associated with each week time reduction is given below. (note: The 1st crash and 2nd crash costs are associated with the first and second time that a specific activity is crashed. So, if you crash Activity A once, the cost is $9,000, if you have to crash Activity A a second time, the cost is $9,500)

Crash Costs
Activity Immediate Predecessor Normal Time (weeks) 1st crash 2nd crash

A 3 $9,000 $9,500
B A 6 $3,500 $6,000
C А 7 $4,000 $5,000
D B 7 $4,500 $6,000
E C 5 $7,000 $7,500
F D,E 8 $10,000 $12,000
G F 2 $14,000 $16,000

What is the minimum cost to crash this project by 2 weeks?

a. $12,000
b. $9,000
c. $16,000
d. $3,500

Answers

Answer:

$12000 ( A )

Explanation:

Calculate The minimum cost to crash this project by 2 weeks

To get the minimum cost to crash this project in 2 weeks we have to first  look to crash the activity on the critical path that has the lowest cost of crashing from the first week

critical path: A-B-D-F-G = 25 weeks

After crashing Activity B by 1 week both paths become critical paths hence we need to crash activity C and D by 1 week each so that the paths can crash simultaneously within 2 weeks

therefore the overall crash cost for 2 weeks will be

crash costs of Activities : B + C + D ( 1st crashes)

                                       = 3500 + 4000 + 4500

                                       = $12000

McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn a margin of at least 30 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost.Manufacturing overhead for year 1 totaled $799,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following:
Chairs DesksSales revenue $1,240,000 $2,286,900Direct materials 587,000 830,000Direct labor 150,000 320,000Required:a-1. Based on the CFO's new policy, calculate the profit margin for both chairs and desks.Profit marginChairs ?%Desks ?%a-2. Which of the two products should be dropped?ChairsDesksb. Regardless of your answer in requirement (a), the CFO decides at the beginning of year 2 to drop the chair product. The company cost analyst estimates that overhead without the chair line will be $680,000. The revenue and costs for desks are expected to be the same as last year. What is the estimated margin for desks in year 2? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 1 decimal place.)Estimated margin for desks- Year 2 ?%

Answers

Answer:

McNulty, Inc.

                                  Chairs        Desks

1. Margin on cost        25%            35%

2. Chairs should be dropped.

3. Margin for desks in Year 2 = 25%

Explanation:

a) Data and Calculations:

Expected margin = 30% = Gross profit/Product cost

Manufacturing overhead $799,000

                               Chairs        Desks

Sales revenue  $1,240,000  $2,286,900

Direct materials    587,000        830,000

Direct labor           150,000        320,000

Overhead             255,000        544,000

Product costs    $992,000    $1,694,000

Gross profit       $248,000      $592,900

Margin on cost        25%                35%

Expected margin     30%               30%

Expected Margin for desks in Year 2:

                               Desks

Sales revenue  $2,286,900

Direct materials     830,000

Direct labor            320,000

Overhead              680,000

Product costs    $1,830,000

Gross profit         $456,900

Margin on cost        25%

Expected margin    30%

McNulty's new CFO has made a bad decision.  Should the desks be eliminated also?  Decisions involving overhead costs should not be made lightly.   Detailed and precise information about the overhead costs should be obtained before a decision is taken on product elimination.  This case demonstrates the reason for not taking a hasty decision on an issue like this.

You would expect a bond of the U.S. government and a bond of an Eastern European government to pay different interest rates because of differences in the bonds_____.
You would expect a bond that pays the principal in year 2040 and a bond that pays the principal in year 2020 to pay_____interest rates because of differences in the bonds.
You would expect a bond from a software company you run in your garage and a bond from Coca-Cola to pay different interest rates because of differences in the bonds_____.
You would expect a bond issued by New York State to pay_____interest rate as compared to a bond issued by the federal government.

Answers

Answer:

You would expect a bond of the U.S. government and a bond of an Eastern European government to pay different interest rates because of differences in the bonds Credit Risk.

The United States has the safest securities in the World and so pay different rates from other countries to reflect this especially with an Eastern European Government that is not as trusted.

You would expect a bond that pays the principal in year 2040 and a bond that pays the principal in year 2020 to pay higher interest rates because of differences in the bonds.

Bond with longer maturity terms are riskier as they will be exposed to more inflation and interest rate risk.

You would expect a bond from a software company you run in your garage and a bond from Coca-Cola to pay different interest rates because of differences in the bonds Credit Risk.

Coca-Cola is a big company with many assets that back up any leverage it has and so they will have a lower risk than a person with a small business in a garage that might be unable to keep up with payments and default.

You would expect a bond issued by New York State to pay higher interest rate as compared to a bond issued by the federal government.

The Federal Government will be less riskier than New York when it comes to repaying debt because if push comes to shove they can simply print more dollars. They also have higher revenue streams than New York State which means that New York is riskier and will therefore pay a higher interest rate to compensate.

During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following:
Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight line)
Machine A $ 39,000 $ 3,000 6 years $ 24,000 (4 years)
Machine B 53,000 4,000 8 years 36,750 (6 years)
Machine C 76,900 5,200 17 years 50,612 (12 years)
The machines were disposed of during the current year in the following ways:
a. Machine A: Sold on January 1 for $14,500 cash.
b. Machine B: Sold on December 31 for $10,725; received cash, $2,300, and a $8,425 interest-bearing (12 percent) note receivable due at the end of 12 months.
c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost.
Required:
Give all journal entries related to the disposal of each machine in the current year.
a. Machine A.
b. Machine B.
c. Machine C.

Answers

Answer:

Merkley Company

a. Journal Entries:

January 1:

Debit Disposal of Machines $39,000

Credit Machine A $39,000

To transfer machine A to the Disposal of Machines account.

Debit Accumulated Depreciation $24,000

Credit Disposal of Machines $24,000

To transfer the accumulated depreciation of machine A to the Disposal of Machines account.

Debit Cash Account $14,500

Credit Disposal of Machines $14,500

To record the proceeds from disposal of machine A.

Debit Loss on Disposal of Assets $500

Credit Disposal of Machines $500

To record loss incurred on disposal of machine A.

b. December 31:

Debit Disposal of Machines $53,000

Credit Machine B $53,000

To transfer machine B to the Disposal of Machines account.

Debit Accumulated Depreciation $36,750

Credit Disposal of Machines $36,750

To transfer the accumulated depreciation of machine B to the Disposal of Machines account.

Debit Depreciation Expense $6,125

Credit Disposal of Machines $6,125

To record the depreciation expense for the year.

Debit Cash Account $2,300

Debit Notes Receivable $8,425

Credit Disposal of Machines $10,725

To record the proceeds from disposal of machine B.

Debit Disposal of Machines $600

Credit Gain from Disposal of Machines $600

To record gain from the disposal of machine B.

c.  January 1:

Debit Disposal of Machines $76,900

Credit Machine C $76,900

To transfer machine C to the Disposal of Machines account.

Debit Accumulated Depreciation $50,612

Credit Disposal of Machines $50,612

To transfer the accumulated depreciation of machine C to the Disposal of Machines account.

Debit Loss on Disposal of Assets $26,288

Credit Disposal of Machines $26,288

To record loss incurred on disposal of machine C.

Explanation:

a) Data and Calculations:

Asset           Original   Residual  Estimated   Accumulated              Book

                    Cost         Value          Life         Depreciation            Balance

                                                                        Straight-line

Machine A  $ 39,000  $ 3,000     6 years    $ 24,000 (4 years)    $15,000

Machine B     53,000     4,000      8 years       36,750 (6 years)    $16,250

Machine C    76,900      5,200    17 years       50,612 (12 years)  $26,288

b) Machine B recorded a gain on disposal because it was sold on December 31 of the current year.  Thus the last year's depreciation expense must be provided.  This automatically turned the difference between net book value and disposal proceeds into a disposal gain.

When your roommate does not consider your external costs in the absence of external costs from playing music, the number of hours played is

Answers

Answer:

the number of hours music played is too high

Explanation:

When the roommate does not consider the external cost in absence of external benefit then the hours of music played is too high. The roommate has bought the expensive stereo system so his marginal benefit is lower than the marginal costs. The marginal benefit will equal to the marginal cost when the stereo system is played for many hours.

Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $430,000 and an average tax rate of 34%. She spent $43,000 on ingredients, $21,500 on utilities, and $77,400 to rent the premises Emily has a few employees and paid them $86,000 in wages in total. She also paid herself a salary of $64,500 and spent $43,000 to pay for employee benefits A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $21,500 in interest on that loan. Depreciation for the equipment was $12,900 .
1. What was operating income (EBIT) for the year?
2. What was net income for the year?

Answers

Answer:

1). Operating Income (EBIT) = Sales - Expenses - Depreciation

Operating Income (EBIT) = $430,000 - ($43,000 - $21,500 - $77,400 - $86,000 - $64,500 - $43,000) - $12,900

Operating Income (EBIT) = $430,000 - $335,400 - $12,900

Operating Income (EBIT) = $81,700

2). Net Income = (EBIT - Interest)*[1 - t]

Net Income = ($81,700-$21,500)*(1-0.34)

Net Income = $60,200*0.66

Net Income = $39,732

What do you need to provide in order to get secured credit?
A. An asset
B. A co-signer
C. A credit card
D. A tax refund

Answers

Answer:

The answer is A

Explanation:

got it right on Ed.

You need to provide an asset in order to get  secured credit. The appropriate response is Option A.

What is an asset?

An asset is any resource controlled or owned by a business or economic entity in financial accounting. It is anything that has the potential to generate positive economic value. Assets are ownership values that can be converted into cash.

An asset is defined as anything of value or a valuable resource that can be converted into cash. Individuals, businesses, and governments all own assets. An asset may generate revenue for a company, or the company may benefit in some way from owning or using the asset.

A secured credit is a type of credit that is backed by a asset , which serves as collateral on  default of payments.

Hence, the appropriate response is option A.

To learn more about asset

https://brainly.com/question/13848560

#SPJ5

Newland Company reported retained earnings at December 31, 2019, of $310,000. Newland had 200,000 shares of common stock outstanding at the beginning of 2020. Determine retained earnings balance. The following transactions occurred during 2020.
1. An error was discovered. In 2015, depreciation expense was recorded at $70,000, but the correct amount was $50,000.
2. A cash dividend of $0.50 per share was declared and paid.
3. A 5% stock dividend was declared and distributed when the market price per share was $15 per share.
4. Net income was $285,000.
Prepare a retained earnings statement for 2020.

Answers

Answer:

Retained earnings = $345,000

Explanation:

Particulars                                                  Amount

Retained earnings December 31,2019     $310,000

Less: Cash dividend                                   $100,000

          (200000 * $0.50)

Less: Stock dividend                                   $150,000

         (200,000*5%*$15)                                              

                                                                    $60,000

Add: Net income                                        $285,000

Retained earnings                                     $345,000

The preparation of the retained earning statement for 2020 is presented below:

Retained earnings, December 31,2019 $310,000  

Less: Cash dividend -$100,000 ($200,000 × 0.50)

Less: Stock dividend -$150,000 ($200,000 × 5% × 15)

Add: Net income $285,000  

Retained earnings $345,000

Learn more: brainly.com/question/6201432

You want your longtime employees to make sure their retirement plans are best suited for their career stages. You think that most employees make wise investment choices when they join the company. However, you find that few employees make adjustments to their retirement plans as they advance in their careers. You are particularly concerned about employees who have worked at the company for more than ten years and haven't updated their retirement packages. Which of the following statements is most likely to persuade longtime employees to attend the presentation about retirement planning?

a. Choose a retirement package that best matches your career stage. At this presentation,we'll tell you how we can help you manage your longevity risk on your retirement package.
b. Choose a retirement package that best matches your career stage. At this presentation,you'll learn how you can make sure you have enough money for as long as you live.
c. Don't miss this opportunity to maximize your retirement income. At this presentation, we'lltell you how we can help you manage your longevity risk on your retirement package.

Answers

Answer:

b. Choose a retirement package that best matches your career stage. At this presentation,you'll learn how you can make sure you have enough money for as long as you live.

Explanation:

In the given scenario we are trying to persuade employees to update their retirement plans to meet the changing situation of their careers.

We want to invite them to a meeting where they can learn the benefits of getting a better retirement plan.

The best approach is to send a message that focuses on them and their role in this process. Not the company's role.

Option B exemplifies this by stating they are learning to how to choose a retirement plan that will provide for them for the rest of their lives.

The other two options uses the statement - we'll tell you how to manage your longevity.

This creates an impression that the company wants to impose their point of view on the employees, and this may not get the expected response from employees.

Moreno Motors Inc. identifies that bikers are usually the first users of their newly launched products. The firm sends consultants to biker rallies to discover how bikers who use Moreno motorcycles modify them to extend their usage, as well as the desired benefits. Recent visits revealed that bikers were seeking items, such as bolt-on chrome products, horsepower performance enhancers, and improved braking systems in Moreno motorcycles. In this example, Moreno Motors Inc. is studying which of the following groups of customers?
a) lead users.
b) mainstream customers.
c) laggards.
d) captive customers.
e) spinners.

Answers

Answer:

a) lead users.

Explanation:

Lead users are very skilled and experienced users in certain products and this users know extensively about the product application and how this products can be modified to satisfy their needs.

Lead users find solutions to problems through the use of innovation thereby improving or changing parts of the products thereby they are significant evaluating products.

A financial institution where the users are the owners and generally share a common bond are known as

Answers

Answer:  Credit unions

Explanation:

Credit union is a nonprofit-making money institution whose members can borrow from deposits at low interest rates and share profits with owners.

Their aim is to serve each member by helping them to get funds at low interest .

Hence, a  financial institution where the users are the owners and generally share a common bond are known as Credit union.

The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the price the investor receives when the stock is sold. The final price includes the original price paid plus an expected capital gain. The actions of the marginal investor determine the equilibrium stock price. Market equilibrium occurs when the stock's price is -Select-less thanequal togreater thanCorrect 1 of Item 1 its intrinsic value. If the stock market is reasonably efficient, differences between the stock price and intrinsic value should not be very large and they should not persist for very long. When investing in common stocks, an investor's goal is to purchase stocks that are undervalued (the price is -Select-abovebelowequivalent toCorrect 2 of Item 1 the stock's intrinsic value) and avoid stocks that are overvalued.
The value of a stock today can be calculated as the present value of -Select-a finitean infiniteCorrect 3 of Item 1 stream of dividends:
This is the generalized stock valuation model. We will now look at 3 different situations where we can adapt this generalized model to each of these situations to determine a stock's intrinsic value:
1. Constant Growth Stocks;
2. Zero Growth Stocks;
3. Nonconstant Growth Stocks.
Constant Growth Stocks:
For many companies it is reasonable to predict that dividends will grow at a constant rate, so we can rewrite the generalized model as follows:
This is known as the constant growth model or Gordon model, named after Myron J. Gordon who developed and popularized it. There are several conditions that must exist before this equation can be used. First, the required rate of return, rs, must be greater than the long-run growth rate, g. Second, the constant growth model is not appropriate unless a company's growth rate is expected to remain constant in the future. This condition almost never holds for -Select-maturestart-upCorrect 4 of Item 1 firms, but it does exist for many -Select-maturestart-upCorrect 5 of Item 1 companies.
Which of the following assumptions would cause the constant growth stock valuation model to be invalid?
The growth rate is zero.
The growth rate is negative.
The required rate of return is greater than the growth rate.
The required rate of return is more than 50%.
None of the above assumptions would invalidate the model.
-Select-Statement aStatement bStatement cStatement dStatement eCorrect 6 of Item 1
Quantitative Problem 1: Hubbard Industries just paid a common dividend, D0, of $1.60. It expects to grow at a constant rate of 2% per year. If investors require a 10% return on equity, what is the current price of Hubbard's common stock? Round your answer to the nearest cent. Do not round intermediate calculations.
$ per share
Zero Growth Stocks:
The constant growth model is sufficiently general to handle the case of a zero growth stock, where the dividend is expected to remain constant over time. In this situation, the equation is:
Note that this is the same equation developed in Chapter 5 to value a perpetuity, and it is the same equation used to value a perpetual preferred stock that entitles its owners to regular, fixed dividend payments in perpetuity. The valuation equation is simply the current dividend divided by the required rate of return.
Quantitative Problem 2: Carlysle Corporation has perpetual preferred stock outstanding that pays a constant annual dividend of $2.00 at the end of each year. If investors require an 10% return on the preferred stock, what is the price of the firm's perpetual preferred stock? Round your answer to the nearest cent. Do not round intermediate calculations.
$ per share
Nonconstant Growth Stocks:
For many companies, it is not appropriate to assume that dividends will grow at a constant rate. Most firms go through life cycles where they experience different growth rates during different parts of the cycle. For valuing these firms, the generalized valuation and the constant growth equations are combined to arrive at the nonconstant growth valuation equation:
Basically, this equation calculates the present value of dividends received during the nonconstant growth period and the present value of the stock's horizon value, which is the value at the horizon date of all dividends expected thereafter.
Quantitative Problem 3: Assume today is December 31, 2013. Imagine Works Inc. just paid a dividend of $1.15 per share at the end of 2013. The dividend is expected to grow at 15% per year for 3 years, after which time it is expected to grow at a constant rate of 6% annually. The company's cost of equity (rs) is 9.5%. Using the dividend growth model (allowing for nonconstant growth), what should be the price of the company's stock today (December 31, 2013)? Round your answer to the nearest cent. Do not round intermediate calculations.
$ per share

Answers

Full question attached

Answer and Explanation:

Find attached

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement, which follows:Sales $1,584,000Variable expenses $610,020Contribution margin $973,980Fixed expenses $1.071,000Net operating income (loss) $(97,020)In an effort to isolate the problem, the president has asked for an income statement segmented by division. Accordingly, the Accounting Department has developed the following information:East DivisionSales $434,000Variable expenses as a percentage of sales 53%Traceable fixed expenses $261,000Central DivisionSales $650,000Variable expenses as a percentage of sales 20%Traceable fixed expenses $357,000West DivisionSales $500,000Variable expenses as a percentage of sales 50%Traceable fixed expenses $204,0001. Prepare a contribution format income statement segmented by divisions, as desired by the president.2-a. As a result of a marketing study, the president believes that sales in the West Division could be increased by 14% if monthly advertising in that division were increased by $29,000. Calculate the incremental net operating income.2-b. Would you recommend the increased advertising?

Answers

Answer:

Required 1.

Contribution format income statement

                                                                 East              Central             West

Division Sales                                    $434,000         $650,000      $500,000

Less Variable Expenses                  ($230,020)        ($130,000)     ($250,000)

Controllable Contribution                 $203,980         $520,000      $250,000

Less Controllable Fixed Costs :

Traceable fixed expenses                ($261,000)       ($357,000)     ($204,000)

Controllable Profit/(Loss)                    ($57,020)        $163,000          $46,000

Required 2.

2a. Calculation of Incremental Net Income - West Division

Incremental Sales ($500,000 × 14%)                         $70,000

Less Incremental Variable Expenses                       ($29,000)

Incremental Contribution                                            $41,000

Less Incremental Fixed Expenses                                       $0

Incremental Net Income/ (loss)                                   $41,000

2b. Recommendation

Yes. The Increase in advertising is bringing a positive contribution towards the Company`s loss.

Explanation:

The Company`s loss will reduce by $41,000 to ($56,020) due to increase in advertising.

Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be capitalized or expensed as repairs and maintenance. Indicate all of the expenditures that would most appropriately be capitalized.
1. Re-painted the office building.
2. Added a new wing onto the office building.
3. Took their fleet of cars in for servicing (changing the oil, etc.).
4. Added newer electronic locks on the doors in the production building.
5. Had an engine rebuilt in one of their fleet cars.

Answers

Answer:

Capitalized Expenditures:

2. Added a new wing onto the office building.

5. Had an engine rebuilt in one of their fleet cars.

Explanation:

Capitalization is the process of delaying the full recognition of an expense for the acquisition of a new asset with long-term life so that the costs can be treated as an expense gradually over its useful life through an accounting method known as depreciation or amortization.

The criteria for capitalizing expenditure depend on whether the expenditure is necessary to bring the asset to the condition and location where it can be operated as desired by the management.  It must also meet the threshold amount set by management for capitalization.  This is because some assets can be used for more than one year and still they are not regarded as capital assets.  Example is a stapling machine that costs less than a dollar.

You purchase 15 shares of Initech stock at $25 per share. Later, you sell your shares when the price is $30 per share.
What is your dollar return? (Answer should be just a number. Do not include a dollar symbol.)

Answers

Answer:

dollar return would be 75 if i'm not mistaken

Explanation:

5 dollar profit per share. 5 times 15 is 75. profit would be 75

In its first year of operations, Pharoah Company recognized $34,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. The remaining $25,900 was received in cash from customers. The company incurred operating expenses of $17,100. Of these expenses, $12,940 were paid in cash; $4,160 was still owed on account at year-end. In addition, Pharoah prepaid $2,780 for insurance coverage that would not be used until the second year of operations.
Calculate the first year’s net earnings under the cash basis of accounting, and the first year’s net earnings under the accrual basis of accounting.
Cash Basis Accrual Basis
Net Income $enter net income in dollars $enter net income in dollars

Answers

Answer:

Cash Basis =$10,180

Accrual Basis=$16,900

Explanation:

Calculation for the net earnings under the cash basis and accrual basis of accounting

CASH BASIS

Cash Basis: $25,900 - $12,940 -$2,780

Cash Basis =$10,180

ACCRUAL BASIS

Accrual Basis: $34,000 - $17,100

Accrual Basis=$16,900

Therefore the net earnings under the cash basis and accrual basis of accounting are:

Cash Basis =$10,180

Accrual Basis=$16,900

Fechter Corporation had the following stockholders’ equity accounts on January 1, 2020: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par—Common Stock $200,000, and Retained Earnings $100,000. In 2020, the company had the following treasury stock transactions.

Mar. 1 Purchased 5,000 shares at $8 per share.
June 1 Sold 1,000 shares at $12 per share.
Sept. 1 Sold 2,000 shares at $10 per share.
Dec. 1 Sold 1,000 shares at $7 per share.

Fechter Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $30,000.

Required:
Journalize the treasury 2020, for net income.

Answers

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

March 1 (Purchased 5,000 shares at $8 per share)

Dr treasury stock       $40,000

(5000 x $8)

Cr Cash                                        $40,000

June 1 (Sold 1,000 shares at $12 per share)

Dr Cash                                                    $12,000

(1000 x $12)

Cr Treasury stock                                     $8,000

(1000 x $8)

Cr paid-in capital from treasury stock                $4,000

Sept. 1 (Sold 2,000 shares at $10 per share)

Dr Cash                                                    $20,000

(2000 x $10)

Cr Treasury stock                                     $16,000

(2000 x $8)

Cr paid-in capital from treasury stock               $4,000

Dec. 1 Sold 1,000 shares at $7 per share.

Dr Cash                                                     $7,000

(1000 x $7)

Dr paid-in capital from treasury stock      $1,000

Cr Treasury stock                                                 $8,000

(1000 x $8)

The maintenance director has grown to value your insights and thoughtful questions when preparing bid packets to support her team's best work. As it turns out, her predecessor verbally modified the LED lights' model ordered by your employer when the original, awarded bid reponse included the model number for LEDs noted by the maintenance staff--that were not compatible with the fixtures of the company buildings/structures. When the maintenance director asks your opinion about her plan to amend the existing contract with the LED supplier to the model numbers actually used, as opposed to the ones listed in the contract that are not compliant with the existing features. That's what they have been doing so you should probably amend the contract as the director suggests, and you will save more time (no rebidding) and money (no additional modifications to the facility) than rebidding.

a. True
b. False

Answers

It was false I have read the same thing before have a nice day.

This program consists of three lottery-funded scholarships for Florida high school graduates who demonstrate high academic achievement and enroll in eligible Florida public or private postsecondary institutions.

Financial Aid
Florida Pre-Paid College Plan
College Board
Bright Futures Scholarship

Answers

Answer: Bright Future Scholarship

Explanation:

since it’s for only Florida schools this can be the only answer.

Answer:

bright future

Explanation:

Took the test and got it right

Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2020 are presented below.
Production Data
June
Beginning work in process units 0
Units started into production 22,660
Ending work in process units 2,060
Percent complete—ending inventory 40 %
Cost Data
Materials $203,940
Labor 55,208
Overhead 116,184
Total $375,332
Prepare a schedule showing physical units of production.

Answers

Answer and Explanation:

The preparation of schedule showing physical units of production is prepared below:-

Rosenthal Company

Physical units of production

For the year June 2020

Units to be accounted for:

Work in process, June 1: -

Started into production 22,660 units

Total units                       22,660

Units to be accounted for:

Transferred out               20,600  (22,600 - 2,060)

Work in process, June 30  2,060 units

Total units                          22,660 units

Alameda Manufacturing manufactures a variety of wooden picture frames using recycled wood from old barns. Alameda Manufacturing has reported the following costs for the previous year. Assume no production inventories.Advertising………………………………………………………………….. $25,600Cost of hardware (hangers, decorations, etc)…………….… $42,300Cost of wood…………………………………………………………..... .$121,200Depreciation on production equipment…………………….... $32,000Factory property taxes……………………………………………….....$15,500Factory rent……………………………………………………………..….. $50,000Glue……………………………………………………………………...…….… $3,030Production supervisor salary…………………………………….. $41,200Sales manager salary…………………………………………………. $41,500Utilities for factory………………………………………………………. $27,800Wages for maintenance workers.......................................$33,200Wages of assembly workers..............................................$87,400Wages of finishing workers...............................................$74,100A compute the direct material cost 1a.____ $163,500 _______Compute the direct labor cost. 1b.________ $161,500 ________Compute the manufacturing overhead. 1c.____ $232,730 ______Compute the total manufacturing cost. 1d.____ $557,730 _____Compute the prime cost. 1e_________$325,000 ______Compute the conversion cost. 1f.____ $394,230 _____Compute the total period cost 1g.____ $67,100 ________

Answers

Answer:

Direct Material Cost

= Cost of hardware + cost of wood

= 42,300 + 121,200

= $‭163,500‬

Direct labor

= Wages of Assembly workers + Finishing workers

= 87,400 + 74,100

= $‭161,500‬

Manufacturing Overhead

= Depreciation + Factory prop. taxes + Factory rent + Glue + Production Supervisor salary + Utilities for factory + Wages for maintenance workers

= 32,000 + 15,500 + 50,000 + 3,030 + 41,200 + 27,800 + 33,200

= $‭202,730‬

Prime Cost

= Direct labor + Direct material

= 161,500 + 163,500

= $‭325,000‬

Conversion Cost

= Direct labor + Manufacturing Overhead

= 161,500 + 202,730

= $‭364,230‬

Total Period Cost

= Advertising + Sales Manager's salary

= 25,600 + 41,500

= $‭67,100‬

From a customer's perspective, what are the skills and qualifications that service employees in both large and small organizations must possess

Answers

Explanation:

Remember, we are told, "from a customer perspective." Therefore, here are some skills and qualifications needed:

Good human relations: this skill requires that the service employees be friendly, patient, kind, good listeners, etc.Ability to pass information clearly: This means that they should be able to offer assistance to their customers clearly.Time management: Customers want employees who are fast at what they do taking into consideration the customer's time, not sluggish people.Adequate knowledge of service: This means that they should be professionally qualified to deliver quality services.
Other Questions
which statement describes what happens insidea liquid thermometer that shows an increase intemperature?a. the volume of the liquid decreases becauseof an increase in kinetic energy.b. the movement of the particles decreasesbecause of a decrease in kinetic energy. .c. the volume of the liquid increases becausethe movement of the particles decreases.d. the movement of the particles increasesbecause of an increase in kinetic energy. Ava read an article claiming that 10% of people in her county were senior citizens, and she wondered if this held true for residents in her city. She took a random sample of 225 people from her city to test H0 : p = 0.10, where p is the proportion of people in her city that are senior citizens. Ava found that approximately 14% of those sampled were senior citizens. She conducted an appropriate significance test, and the resulting test statistic was z 1.89z. Assume that the conditions for inference were met. Answer the real-world problem below. Then, decide whether the answer is the GCF or the LCM. A local radio station is celebrating its 10th year on the air and is giving away prizes to callers. It is giving away a $10 bill for every 10th caller. It is also giving away free digital albums to every 8th caller. How many callers will call the radio station until someone wins both a $10 bill and a free digital album? ito ay sinadyang kaguluhan o pananakot na ginagamit ng karahasan ng isang pangkat o ng isang estado upang matamo ang isang adhikaing polotikal o kriminal A ___ reaction takes two or more reactants to make one product Changes to the global climate could include _______.a.changes to temperatureb.changes to pressurec.changes to precipitationd.all of the abovePlease select the best answer from the choices providedABCD Put the following scientists in order of their discoveries: 1. Dalton, 2. Bohr, 3. Rutherford, 4. Democritus, 5. ThomsonPlease help me I really need the answer 340 equals 72 more than yWrite the sentence as an equation. why is the case number important in a investigation In this excerpt from chapter 6, how is the action initiated? Pick one of the following habitats: wetland, forest, desert, ocean. First, explain at least one way the habitat might change naturally over time. Next, explain at least one way people might harm the habitat. Finally, explain at least one way people could help protect the habitat from harmful changes.I'm also picking the ocean and pls tell me what I should write a bird has a short sturdy beak that allows it to crush hard tough grains what does the beak's form to a specific type of food describe about the species of bird Badly need help please answer this write the follow through sentence to each of the following situations. Use modals in your sentences Based on what you learned in the lesson, what might have been a source of income for Puerto Rico in the pastThe export of coffeeThe inland tourismThe production of sugarThe sale of cattle Describe Claire's symptoms. Explain how they were related to metabolism and homeostasis. Sean was at batting practice. He swung 25 times but only hit the ball 15 times. Write the simplified ratio for how many times Sean swung the bat compared to how many times he hit the ball. PLS HELPA. Alternate interior anglesB. Vertical anglesC. Supplementary anglesD. Alternate exterior angles Solve the system of equations. y=4x+5 and y=3x-2, what's the solution If a boomerhing is thrown 10 m in a straight line and returnsexactly to the spot it was thrown what is its displacement? The war in Iraq would be an example of which type of conflict?intergroupinterpersonalintragroupintrapersonalPlz help ASAP !!!!