Answer: B. purchased land for cash
Explanation:
The transaction that changes only the mix of assets and does not affect liabilities or stockholders' equity is B. Purchased land for cash.
Option B involves the purchase of land for cash. This transaction affects only the mix of assets because it involves exchanging cash, which is an asset, for land, which is also an asset. It does not involve any changes to liabilities or stockholders' equity.
In contrast, the other options involve either borrowing money (A), receiving cash for fees earned (C), or paying for office salaries (D). These transactions either increase liabilities (borrowing) or impact stockholders' equity (revenue or expenses).
Of the given options, only the purchase of land for cash (option B) changes only the mix of assets and does not affect liabilities or stockholders' equity.
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n excise tax that the government collects from the producers of a good:a. shifts the supply curve upward.b. decreases tax revenue for the government.c. shifts the demand curve downward.d. shifts the demand curve upward.
An excise tax that the government collects from the producers of a good shifts the demand curve downward.
An excise tax imposed on producers of a good increases the cost of production for the producers. As a result, the supply curve shifts upward, indicating a decrease in the quantity supplied at each price level. However, this increase in cost is typically passed on to the consumers in the form of higher prices. As a result, the demand for the good decreases, leading to a downward shift in the demand curve. This shift reflects a decrease in the quantity demanded at each price level. The tax revenue for the government is generated from the producers who are responsible for paying the excise tax.
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which of the following efficiency concept is not proposed by emh? group of answer choices strong form weak form semi-strong form semi-weak form
The efficiency concept not proposed by the Efficient Market Hypothesis (EMH) is the semi-weak form.
The Efficient Market Hypothesis suggests that financial markets are efficient in processing and reflecting all available public information. It proposes three forms of market efficiency: strong form, semi-strong form, and weak form.
1. Strong form efficiency states that market prices fully incorporate all public and private information, including insider information. In a strongly efficient market, it is assumed that no investor can consistently earn abnormal returns by trading based on any type of information.
2. Semi-strong form efficiency suggests that market prices reflect all publicly available information, including financial statements, news releases, and other widely disseminated information. According to this concept, investors cannot consistently achieve abnormal returns by trading based on publicly available information.
3. Weak form efficiency asserts that market prices reflect all past price and trading volume data. In a weakly efficient market, it is believed that investors cannot consistently generate abnormal returns by utilizing historical price patterns or technical analysis.
However, the concept of semi-weak form efficiency is not proposed by EMH. This is because it is not a widely recognized category within the hypothesis. The three commonly acknowledged forms of market efficiency are the strong form, semi-strong form, and weak form.
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your portfolio is 220 shares of sabrina, incorporated. the stock currently sells for $92 per share. the company has announced a dividend of $2.30 per share with an ex-dividend date of april 19. assuming no taxes, how much will your stock be worth on april 19?
The investor's stock will be worth $19,758 on April 19, assuming no taxes.
If the ex-dividend date is April 19th, an investor must own the shares by that date to receive the dividend. Therefore, investors should purchase shares at least one day before the ex-dividend date.
The total dividend received by an investor can be calculated as follows:
Total dividend = Dividend per share x number of shares
Total Dividend = $2.30 x 220
Total Dividend = $506
On an ex-dividend date, the stock usually falls by the amount of the dividend paid. This is because the market adjusts the stock price to reflect new information about the company's financial situation.
Therefore, the value of an investor's stock on the ex-dividend date can be calculated as:
Stock price on April 19 = (number of shares x stock price) - dividend total
April 19 stock price = (220 x $92) - $506
April 19 stock price = $20,264 - $506
April 19th stock value = $19,758
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alpha computers reports net income of $45 million. included in that number is depreciation expense of $8 million, and a loss on the sale of land of $1 million. records reveal decreases in accounts receivable, inventory, and accounts payable of $4 million, $3 million, and $2 million, respectively. calculate alpha computers' net cash flows from operating activities using the indirect method. (negative value should be indicated by minus sign. enter your answer in millions.)
Alpha computers' net cash flows from operating activities using the indirect method is $53 million.
Net income = $45 million
Depreciation expense = $8 million
Loss on sale of land = $1 million
Increase in accounts receivable = -$4 million
Decrease in inventory = $+$3 million
Decrease in accounts payable = $+2 million
Net cash flows from operating activities:
= Net income + Depreciation expense - Loss on sale of land +/- Changes in operating assets and liabilities
= $45 million + $8 million - $1 million - ($4 million) + $3 million + $2 million
= $53 million
The indirect method of cash flow statement preparation is a technique used to calculate the net cash flow from operating activities by starting with net income and then adjusting for any non-cash transactions and changes in current assets and liabilities. In the case of Fidelity Systems, their net income was $80 million, but this included depreciation expense of $9 million and a gain on the sale of equipment of $1 million. Additionally, there were increases in accounts receivable, inventory, and accounts payable of $3 million, $2 million, and $2 million, respectively. In the end, Fidelity Systems' net cash flow from operating activities using the indirect method is $87 million, which is higher than their net income due to the adjustments made for non-cash expenses and changes in current assets and liabilities.
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When the Fair Labor Standards Act began to mandate paying 50 percent more for overtime work, many employers tried to avoid it by cutting hourly pay so that total pay and hours remained the same.a. Assuming that this 50 percent overtime pay premium is newly required for all work beyond eight hours per day, draw a budget constraint that pictures a strat- egy of cutting hourly pay so that at the original hours of work, total earnings remain the same.b. Suppose that an employer initially paid $11 per hour and had a 10-hour work- day. What hourly base wage will the employer offer so that the total pay fora 10-hour workday will stay the same?c. Will employees who used to work 10 hours per day want to work more or fewer than 10 hours in the new environ- ment (which includes the new wage rateand the mandated overtime premium)?
a. Assuming the 50 percent overtime pay premium is newly required for all work beyond eight hours per day, the budget constraint for cutting hourly pay so that total earnings remain the same can be illustrated as follows: Before overtime pay premium:
Total earnings = Hourly pay × Hours worked
After overtime pay premium: Total earnings = (Hourly pay - x) × 8 + (Hourly pay - x) × 1.5 × (Hours worked - 8)
Where x is the hourly pay cut made to offset the overtime pay premium.
b. If the employer initially paid $11 per hour for a 10-hour workday, the hourly base wage that the employer should offer to keep the total pay for a 10-hour workday the same is: Total earnings before = Total earnings after
$11 × 10 = (Hourly pay - x) × 8 + (Hourly pay - x) × 1.5 × (10 - 8)
$110 = 2Hourly pay - 3x
If the employer decides to offer an hourly base wage of $10 per hour, then the overtime premium would be $5 per hour ($10 x 0.5), and the total pay for a 10-hour workday would be: Total earnings = $10 × 8 + $5 × 2 = $90
c. In the new environment with the overtime premium, employees who used to work 10 hours per day may want to work fewer hours because they will be compensated more for each hour worked. Alternatively, they may want to work more hours to take advantage of the increased pay rate.
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willy [sitting down at the kitchen table]: huh! why did she have to wax the floors herself? every time she waxes the floors she keels over. she knows that! (act 1)
In the given statement from Act 1, Willy expresses frustration and concern over the fact that a woman (presumably someone he knows) chose to wax the floors herself despite knowing that it has adverse effects on her health.
Willy's comment suggests that this woman has experienced negative consequences in the past when waxing the floors, potentially experiencing physical exhaustion or illness ("she keels over"). Despite being aware of the detrimental effects, she still chooses to engage in this task personally.
Willy's exclamation highlights a combination of confusion and frustration over this behavior. It indicates a concern for the woman's well-being and questions why she would undertake a task that poses a risk to her health.
This brief exchange captures Willy's observation of a recurring behavior that he finds puzzling. It serves to introduce a theme of personal sacrifice, perhaps implying that the woman's dedication to her work or home maintenance overrides her concern for her own health and well-being.
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the interest charged on a $90,000, 3-month note payable, at the rate of 8%, would be group of answer choices $7,200. $3,600. $1,800. $1,200.
The interest charged on a $90,000, 3-month note payable at an 8% interest rate would be $1,800. The Correct option is c
To calculate the interest charged on a $90,000, 3-month note payable at an 8% interest rate, we can use the formula:
Interest = Principal * Rate * Time
Plugging in the values:
Interest = $90,000 * 0.08 * (3/12)
Calculating the result:
Interest = $90,000 * 0.08 * 0.25
Interest = $1,800
Therefore, the interest charged on a $90,000, 3-month note payable at an 8% interest rate would be $1,800.
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Complete Question:
The interest charged on a $90,000, 3-month note payable, at the rate of 8%, would be which one of the following?
a) $7,200.
b) $3,600.
c) $1,800.
d) $1,200.
uber, sidecar are app-based car summoning services that challenge the traditional taxi-cab industry. such innovations that overturn markets by providing an altogether new approach to meeting customer needs are known as a. radical innovations. b. disruptive innovations. c. technology innovations. d. sustaining innovations.
Uber and Sidecar are two app-based car-scheduling services that compete with the established cab industry. Disruptive innovations are those that upend markets by offering a whole new method of satisfying client wants. Here option B is the correct answer.
Disruptive innovations refer to products, services, or business models that enter the market and create a new paradigm that disrupts existing markets and businesses. These innovations typically start by serving a niche market with a product or service that is simpler, more convenient, and more affordable than the existing solutions.
Over time, they improve in quality and expand to serve larger segments of the market, ultimately displacing existing incumbents. Uber and Sidecar are excellent examples of disruptive innovations in the transportation industry. They have revolutionized the way people hail and pay for rides by providing a more convenient, affordable, and user-friendly alternative to traditional taxis.
With their app-based platform, customers can quickly summon a ride, track their driver, and pay seamlessly through the app. This approach has disrupted the traditional taxi industry and forced existing players to adapt to this new model or risk being left behind.
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Suppose the capacity of each machine in Station 1 in the Littlefield Technologies game is 14 contracts per day. Suppose there are 5 machines in this station. The utilization of this station is 76%. On average, there are 17 contracts in this station (either in the waiting line or on the machines). Compute the flow time in this station in hours (assume a day is 24 hours). Enter your answer in terms of HOURS with ONE decimal point.
The Flow time in this station is 0.3 hours (approximately) or 19.14 minutes.Given data: The capacity of each machine in Station 1 in the Littlefield Technologies game is 14 contracts per day.
Suppose there are 5 machines in this station. The utilization of this station is 76%. On average, there are 17 contracts in this station (either in the waiting line or on the machines).Formula to calculate
Flow time = Inventory/ Throughput
Where, Inventory = Flow time * Throughput
Throughput = Capacity * Utilization (in decimal)
Flow time = Inventory / ThroughputInventory = Average contracts in the station = 17
Throughput = Capacity * Utilization (in decimal) = 5 * 14 * 0.76 = 53.2
Flow time = 17 / 53.2 = 0.319 hours = 0.319 * 60 minutes = 19.14 minutesSo, the Flow time in this station is 0.3 hours (approximately) or 19.14 minutes.
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sodapop company has two operating departments: mixing and bottling. mixing has 330 employees and bottling has 220 employees. office costs of $190,000 are allocated to operating departments based on the number of employees. determine the office costs allocated to each operating department.
Sodapop Company has two operating departments, Mixing and Bottling, with a total of 550 employees. The company allocates office costs of $190,000 to these departments based on the number of employees.
To determine the office costs allocated to each operating department, we need to calculate the proportion of employees in each department.
For Mixing department, the proportion of employees is:
330 employees / 550 total employees = 0.6 or 60%
For Bottling department, the proportion of employees is:
220 employees / 550 total employees = 0.4 or 40%
Now we can allocate the office costs to each department using these proportions:
Office costs allocated to Mixing department:
60% x $190,000 = $114,000
Office costs allocated to Bottling department:
40% x $190,000 = $76,000
Therefore, the office costs allocated to Mixing department is $114,000 and the office costs allocated to Bottling department is $76,000.
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melinda has always wanted to know about export rates between the u.s. and china. why is this a good research topic for her
Researching export rates between the U.S. and China is a good topic for Melinda because it can help her gain a better understanding of the economies relationship between the two countries.
The U.S. and China are two of the largest economies in the world, and they have a complex and interconnected trading relationship. By studying export rates, Melinda can learn about the types of goods and services that are being traded between the two countries, as well as the volume and value of these transactions. This information can be useful for anyone who is interested in international trade, business, or economics. Additionally, understanding export rates can help Melinda to identify potential opportunities and challenges in the U.S.-China trade relationship.
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Characteristics Debt Equity Usually has no voting rights. Failure to pay a preferred dividend does not send the firm into bankruptcy.
Debt: Debt typically has no voting rights attached to it. The lenders or bondholders who provide the debt financing do not possess voting power in the company's decision-making processes. Their main concern is receiving interest payments and the repayment of the principal amount.
Equity: Equity represents ownership in a company and often comes with voting rights. Equity holders, such as common shareholders, have the right to participate in corporate decisions by voting on matters such as electing the board of directors or approving major business decisions.
Preferred Dividend: Failure to pay a preferred dividend does not usually send the firm into bankruptcy. Preferred shareholders have a fixed dividend that must be paid before any dividends can be distributed to common shareholders. However, if a company fails to pay preferred dividends, it typically does not result in immediate bankruptcy. The unpaid dividends may accumulate as arrears and must be paid before common shareholders can receive dividends, but it does not directly push the firm into bankruptcy.
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suppose that a u.s. citizen purchases a german car by giving dollars to a german car dealer. this would be recorded in the u.s. balance of payments as part 2 a. a debit to the current account and a credit to the capital account. b. a debit to the current account only. c. a credit to the capital account only. d. a credit to the current account and a debit to the capital account. e. none of the above answers is correct.
The correct answer is a debit to the current account and a credit to the capital account. When a U.S. citizen purchases a German car by giving dollars to a German car dealer, it represents an import of goods and services from Germany, which is recorded as a debit on the U.S. current account.
At the same time, it also represents a capital outflow from the U.S., which is recorded as a credit on the U.S. capital account. Therefore, this transaction would be recorded as a debit to the current account and a credit to the capital account in the U.S. balance of payments.
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malholtra inc. is considering a project that has the following cash flow and wacc data. what is the project's mirr? note that a project's projected mirr can be less than the wacc (and even negative), in which case it will be rejected. wacc: 10.00% year 0 1 2 3 4 cash flows -$975 $300 $320 $340 $360
Answer:
Explanation:
The modified internal rate of return (MIRR) of the project can be calculated by finding the discount rate at which the present value of the terminal value of the cash flows is equal to the present value of the initial investment. The terminal value can be calculated by compounding the cash flows at the cost of capital until the end of the project and then discounting them back to year 0.
Using a financial calculator or spreadsheet software, we can find that the terminal value of the cash flows is $1,179.16 when discounted at 14.21%, which is the discount rate at which the present value of the terminal value equals the present value of the initial investment. Therefore, the MIRR of the project is 14.21%, which is greater than the WACC of 10.00%, indicating that the project is acceptable.
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Ad valorem taxes are based on
A. the replacement value of property.
B. the assessed value of property.
C. the millage value of property.
D. the broker's estimate of value.
Ad valorem taxes are based on the assessed value of property.
Ad valorem taxes, also known as property taxes, are levied based on the assessed value of property. The assessed value is an estimation of the property's worth, which is determined by local government authorities. It takes into account factors such as the property's market value, physical condition, and any improvements or additions made to it. The assessed value may be reassessed periodically to ensure that it reflects the current market conditions.
The millage rate, mentioned in option C, is used to calculate the actual tax amount based on the assessed value. It represents the amount of tax per $1,000 of assessed value. For example, if the millage rate is 10 mills, a property with an assessed value of $100,000 would incur $1,000 in property taxes (10 mills x $100). Therefore, while the millage value is a crucial component in determining the final tax amount, it is not the basis for assessing property taxes.
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which of the following is reason for a direct materials quantity variance? a. malfunctioning equipment b. spoilage of materials c. purchasing of inferior raw materials d. all of these choices
A reason for a direct materials quantity variance is purchasing of inferior raw materials option c
What is direct materials quantity variance?A direct materials quantity variance measures the difference between the actual quantity of materials used in production and the standard quantity of materials that should have been used based on the level of production achieved
if a company purchases inferior raw materials they may need to use more of those materials to achieve the same level of production which can result in a direct materials quantity variance other reasons for a direct materials quantity variance may include malfunctioning equipment or spoilage of materials but these would fall under other types of variances such as direct materials price variance or direct materials mix variance
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Mesut Özil sells ready-to-eat kebabs. Mesut buys kebabs from his
supplier for $c each and has no other costs.
Write down Mesut's marginal cost function.
Mesut Özil's marginal cost function for selling ready-to-eat kebabs is a constant value equal to the cost per kebab, denoted as $c.
Since Mesut buys kebabs from his supplier for a fixed price per unit and has no other costs, his marginal cost remains unchanged regardless of the quantity of kebabs he sells.
The marginal cost represents the additional cost incurred by producing one more unit of a product. In Mesut Özil's case, his only cost is the purchase price of kebabs from his supplier, which is denoted as $c per kebab. Since he has no other costs, such as labor or overhead expenses, his marginal cost remains constant throughout the production process.
Mesut's marginal cost function can be expressed as MC(q) = c, where MC(q) represents the marginal cost for producing q kebabs and c represents the cost per kebab from the supplier. Regardless of the quantity of kebabs he sells, the cost per kebab remains the same, resulting in a constant marginal cost. This means that Mesut's marginal cost per kebab is always equal to the cost per kebab from his supplier, maintaining a constant value throughout his kebab-selling business.
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in _____, the treasury accord eliminated the obligation of the fed to monetize the federal debt.
In 1951, the Treasury Accord eliminated the obligation of the Federal Reserve to monetize the federal debt. This agreement was reached between the Federal Reserve and the Treasury Department, and it allowed the Fed to operate more independently of the government.
In 1951, the Treasury Accord eliminated the obligation of the Federal Reserve to monetize the federal debt. This agreement was reached between the Federal Reserve and the Treasury Department, and it allowed the Fed to operate more independently of the government. Prior to this accord, the Fed was required to purchase any government securities offered for sale, which effectively allowed the government to finance its spending by printing money. The Treasury Accord marked a significant shift in monetary policy, as the Fed was now free to set interest rates based on economic conditions rather than simply accommodating the government's borrowing needs. The result was a more stable monetary system, with the Fed able to focus on maintaining price stability and full employment rather than simply supporting the federal government's financing needs.
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a coupon bond that pays interest of $40 semi-annually (8% coupon rate) has a par value of $1,000, matures in four years, and is selling today at a $36 discount from par value. the yield to maturity on this bond is
A coupon bond that pays interest of $40 semi-annually (8% coupon rate) has a par value of $1,000, matures in four years, and is selling today at a $36 discount from par value. the yield to maturity on this bond iS 5.09%.
To calculate the yield to maturity on a coupon bond, we need to use the formula:
YTM = (C + (F - P) / n) / ((F + P) / 2)
Where:
C = the coupon payment
F = the face value of the bond
P = the market price of the bond
n = the number of years to maturity
In this case, we have:
C = $40
F = $1,000
P = $964 ($1,000 - $36)
n = 4 years
Plugging these values into the formula, we get:
YTM = ($40 + ($1,000 - $964) / 4) / (($1,000 + $964) / 2)
YTM = $50 / $982
YTM = 0.0509 or 5.09%
Therefore, the yield to maturity on this bond is 5.09%.
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FILL IN THE BLANK the purchase of certain products, such as cars, shoes, and sunglasses, signify social class membership. this indicates that these brands have ____________.
The purchase of certain products, such as cars, shoes, and sunglasses, signify social class membership. This indicates that these brands have symbolic value.
Symbolic value refers to the meaning, significance, or representation attributed to an object, idea, or entity beyond its intrinsic or material worth. It is the value that is derived from the symbolic associations, cultural context, or emotional connections that individuals or societies attribute to something.
Understanding symbolic value is important for comprehending the layers of meaning, interpretations, and significance attributed to various aspects of human life and society. It helps us appreciate the rich complexities of culture, communication, and human interactions.
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Which investment strategy involves buying the same dollar amount of securities at regular intervals?a. Compound interval investingb. Marginal cost investingc. Dollar cost averagingd. Dollar compounding
The investment strategy that involves buying the same dollar amount of securities at regular intervals is c. Dollar cost averaging.
Dollar cost averaging is a systematic investment approach where an investor regularly invests a fixed dollar amount into a particular security or portfolio of securities at predetermined intervals, regardless of the security's price. This strategy allows investors to buy more shares when prices are low and fewer shares when prices are high.
The premise behind dollar cost averaging is that it reduces the impact of market volatility and attempts to mitigate the risk of making large investments at unfavorable prices. By investing a fixed amount at regular intervals, investors can potentially lower their average cost per share over time.
For example, if an investor decides to invest $500 every month in a particular stock, they would buy more shares when the stock price is low and fewer shares when the price is high. Over time, this strategy aims to smooth out the impact of market fluctuations and potentially generate favorable returns.
Dollar cost averaging is an investment strategy that involves purchasing a fixed dollar amount of securities at regular intervals. This approach aims to reduce the impact of market volatility and potentially lower the average cost per share over time.
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the key reason for regulatory examinations (such as camels ratings) is to a. monitor reserve requirements. b. rate past performance. c. detect problems of a bank in time to correct them. d. check for embezzlement.
The key reason for regulatory examinations such as CAMELS ratings is to detect problems of a bank in time to correct them. Option (C)
The key reason for these examinations is to detect any potential problems that a bank may be facing in a timely manner so that corrective actions can be taken before the situation worsens.
These examinations are conducted by regulatory agencies to ensure that banks are following regulations and maintaining adequate levels of capital, liquidity, and risk management. Through these examinations, regulators assess a bank's financial condition, management practices, and operational risks. This helps to ensure the stability of the banking system and protect the interests of depositors and the public.
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the positive or negative condition of relations between employers and their workers is referred to as
The positive or negative condition of relations between employers and workers is referred to as labor relations. Labor relations encompass the interactions, negotiations, and overall relationship between employers (management or company representatives) and workers (employees or their representatives, such as unions or labor organizations). It involves various aspects such as employment contracts, collective bargaining, grievances, workplace policies, and overall working conditions.
Positive labor relations are characterized by open communication, mutual respect, collaboration, and fair treatment of workers. It involves fostering a harmonious and productive work environment where employers and workers work together towards shared goals, addressing concerns and conflicts through effective communication and negotiation.
Negative labor relations, on the other hand, involve strained or adversarial relationships between employers and workers. This may include conflicts, disputes, poor communication, dissatisfaction, or unfair treatment. It can lead to disruptions, strikes, or other forms of industrial actions that disrupt productivity and harm both parties.
Establishing and maintaining positive labor relations is essential for promoting a healthy work environment, enhancing productivity, and fostering a positive organizational culture.
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yummy rice cereal started a program at the beginning of 2024 in which it would provide an all-star bowl in exchange for four proof-of-purchase box tops. yummy rice estimates that 40% of box tops will be redeemed. the bowls cost yummy rice $1.10 each. in 2024,5,120,000 boxes of cereal were sold. by year-end 903,000 box tops had been redeemed.required:calculate the premium expense that yummy rice should recognize for the year ended december 31, 2024.
The premium expense that Yummy Rice should recognize for the year ended December 31, 2024, is $512,000.The premium expense that Yummy Rice should recognize for the year ended December 31, 2024, can be calculated as follows:
First, we need to determine the total number of box tops estimated to be redeemed. Yummy Rice estimates that 40% of box tops will be redeemed. Therefore, the estimated number of box tops redeemed is 40% of 5,120,000, which is 2,048,000 box tops.
Next, we need to calculate the cost of the premiums provided. Yummy Rice provides an all-star bowl in exchange for four box tops, and each bowl costs $1.10. So, the total cost of the premiums provided is the number of bowls given (which is the number of box tops redeemed divided by 4) multiplied by the cost per bowl. Thus, the total cost of premiums provided is (2,048,000 / 4) * $1.10 = $512,000.
Therefore, the premium expense that Yummy Rice should recognize for the year ended December 31, 2024, is $512,000.
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morocco desk co. purchases 6,000 feet of lumber at $6.00 per foot. the standard price for direct materials is $5.00. the entry to record the purchase and unfavorable direct materials price variance is
Debit: Raw Materials Inventory - Lumber $36,000
Debit: Direct Materials Price Variance $6,000
Credit: Accounts Payable $42,000
To record the purchase and unfavorable direct materials price variance, we need to debit Raw Materials Inventory - Lumber for the cost of the purchased lumber and debit Direct Materials Price Variance for the unfavorable variance. We will credit the Accounts Payable account to reflect the amount owed to the supplier.
Debit Raw Materials Inventory - Lumber ($6.00 per foot x 6,000 feet) = $36,000
This increases the value of the Raw Materials Inventory - Lumber account to reflect the cost of the purchased lumber.
Debit Direct Materials Price Variance with the unfavorable variance amount. Since the standard price for direct materials is $5.00 and the actual price paid is $6.00, the unfavorable variance is ($6.00 - $5.00) x 6,000 = $6,000.
This records the unfavorable variance caused by paying more than the standard price for the lumber.
Credit Accounts Payable ($6.00 per foot x 6,000 feet) = $42,000
This reflects the liability created for the amount owed to the supplier for the lumber purchase.
By making these journal entries, we record the purchase of lumber, the unfavorable direct materials price variance, and establish the liability for the amount owed to the supplier.
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face corporation reports 160 outstanding shares, 800 authorized shares, and 80 shares of treasury stock. how many shares are issued
To determine how many shares are issued, we need to subtract the treasury stock from the outstanding shares. Outstanding shares are the shares of stock that are currently held by investors. In this case, the corporation reports 160 outstanding shares.
Authorized shares are the maximum number of shares that a corporation is allowed to issue. In this case, the corporation is authorized to issue 800 shares. Treasury stock is stock that a company has bought back from investors and is holding in its treasury. In this case, the corporation reports 80 shares of treasury stock. So to determine how many shares are issued, we subtract the treasury stock (80) from the outstanding shares (160):
160 - 80 = 80
Therefore, the corporation has issued 80 shares of stock.
In summary, a corporation can have authorized shares (the maximum amount it is allowed to issue), outstanding shares (the current number of shares held by investors), and treasury stock (shares that have been bought back by the corporation). To determine how many shares are issued, we subtract the treasury stock from the outstanding shares.
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Given the following MRP matrix for Item C: ITEM: C Lot Size: POQ LT: 2 Period 1 2 3 4 5 6 7 8 Gross Requirements 70 90 150 150 180 290 120 150 Schedule Receipts 200 Project on Hand 100 Net Requirements Planned Order Receipts Planned Order Releases If each order cost $500 and the holding cost is $0.75 per item per period, the periodic order quantity would beSelect one: A. 3 periods of requirements B. 0 period of requirements C. 1 period of requirements D. 2 periods of requirements
The periodic order quantity (POQ) would be 1 period of requirements (C. 1 period of requirements).
To determine the periodic order quantity, we need to consider the lot size and the net requirements for each period.
The given lot size is POQ (Periodic Order Quantity), which means we will place an order for a fixed quantity every specified number of periods.
In this case, the lot size is 2, which means an order is placed every 2 periods.
Let's calculate the net requirements for each period:
Period 1:
Net requirements = Gross requirements - Projected on Hand - Scheduled Receipts
Net requirements = 70 - 100 - 200 = -230 (negative means no requirement)
Period 2:
Net requirements = 90 - 0 (no previous inventory) - 0 (no scheduled receipts) = 90
Period 3:
Net requirements = 150 - 0 (no previous inventory) - 0 (no scheduled receipts) = 150
Period 4:
Net requirements = 150 - 0 (no previous inventory) - 0 (no scheduled receipts) = 150
Period 5:
Net requirements = 180 - 0 (no previous inventory) - 0 (no scheduled receipts) = 180
Period 6:
Net requirements = 290 - 0 (no previous inventory) - 0 (no scheduled receipts) = 290
Period 7:
Net requirements = 120 - 0 (no previous inventory) - 0 (no scheduled receipts) = 120
Period 8:
Net requirements = 150 - 0 (no previous inventory) - 0 (no scheduled receipts) = 150
Since the lot size is 2, we will place an order every 2 periods. Looking at the net requirements, we see that there is a requirement in Period 2. Hence, we need to place an order in Period 2.
The periodic order quantity would be 1 period of requirements (C. 1 period of requirements).
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there are not enough delivery drivers to ensure all plant pals orders are delivered on time. you ask your hr specialist to hire more drivers. how do you categorize this issue?
The issue of not having enough delivery drivers to fulfill Plant Pal orders on time can be categorized as a human resources or operational problem.
As a human resources issue, it pertains to the recruitment and retention of delivery drivers to meet the needs of the business. It may require a thorough review of the recruitment and hiring process, employee benefits, compensation, and incentives to attract and retain a sufficient number of delivery drivers.
As an operational issue, it relates to the effectiveness and efficiency of the delivery process. It may require a review of the delivery routes, scheduling, and logistics to ensure that the available delivery drivers are optimally utilized to deliver orders on time.
Additionally, it may be necessary to explore other delivery options, such as partnering with third-party logistics providers or implementing a crowdsourcing model to supplement the existing delivery workforce.
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In a "pay off and liquidate" approach, what is being liquidated?a. The cash a bank holdsb. The insolvent institution that is being closedc. All of the depositors’ accounts at the institution in questiond. The healthy bank that is purchasing the failing institution
In a "pay off and liquidate" approach, the insolvent institution that is being closed is being liquidated.
This approach is a resolution strategy used by the regulatory authorities when a financial institution is no longer able to meet its financial obligations and is deemed to be insolvent. In this approach, the assets of the failed institution are sold off to pay off the creditors, depositors, and other stakeholders, and the remaining liabilities are liquidated. The depositors’ accounts at the institution in question are typically protected up to a certain amount by deposit insurance, so they may not lose all their funds. This approach is often used when there is no viable buyer for the failing institution and the regulator believes that liquidating it is the best course of action to minimize losses to the depositors and other stakeholders.
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a data analyst is working at a small tech startup. on their current project they are in the analyze stage of the data life cycle. what might they do in this stage?
In the analyze stage of the data life cycle, a data analyst working at a small tech startup would typically examine the data they have collected in order to gain insights and understand trends, patterns, and relationships between variables.
During the analyze stage, a data analyst would typically begin by exploring the data to identify any outliers, inconsistencies, or missing values that need to be addressed. They would then use statistical methods and data visualization tools to identify trends and patterns in the data. This might involve running statistical tests, creating charts and graphs, or using machine learning algorithms to build predictive models.
Once the data has been analyzed, the data analyst would then interpret the results and draw conclusions based on their findings. They may need to communicate their findings to other members of the team, such as developers or product managers, in order to help inform decision-making.
In addition to these technical tasks, a data analyst may also need to ensure that the data they are working with is properly stored, secured, and maintained. This may involve working with IT or data engineering teams to ensure that data is backed up, properly encrypted, and compliant with any relevant regulations.
Overall, the analyze stage is an important part of the data life cycle and involves a range of tasks that are critical to ensuring that data is properly understood, interpreted, and used to inform decision-making in the organization.
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