15. Assume that Bullen issued 12,000 shares of common stock, with a $5 par value and a $47 fair value, to obtain all of Vicker's outstanding stock. In this acquisition transaction, how much goodwill should be recognized

Population and it’s distribution constitutes the target market for goods and services. This can be linked with social environment.

Answer:

70,000

Explanation:

Calculation to determine What are projected sales units for the year

Using this formula

Projected sales units=Production-during the year+Estimated beginning inventory-Desired ending inventory

Let Plug in the formula

Projected sales units=75,000+7000-12000

Projected sales units=70,000

Therefore the projected sales units for the year will be 70,000

Answer:

c. $16605

Explanation:

Calculation to determine what The adjusted cash balance per books on June 30 is:

Using this formula

Adjusted Cash Balance=Cash balance + Notes receivable - Check Printing - NSF Check

Let plug in the formula

Adjusted Cash Balance=$14600 + $2,580 - $85 - $490

Adjusted Cash Balance= $16605

Therefore The adjusted cash balance per books on June 30 is:$16605

Answer:

The three primary determinants of behavior in organizations are employee dynamics, available resources and work environments.

Answer: Kansas City with a profit of $256,000

Explanation:

Omaha

Profit = Revenue - Fixed expenses - Variable expense

= Number of units * (Revenue - variable expenses) - Fixed cost

= 8,000 * (185 - 36) - 1,200,000

= -$8,000

Kansas City

= 12,000 * (185 - 47) - 1,400,000

= $256,000

Answer: Falling prices

Explanation:

When Aggregate demand reduces, the Aggregate demand curve will have to shift leftward to depict this and in doing so, it would intersect with the Long Run Aggregate Supply curve at a lower price level thereby leading to a fall in prices.

Aggregate demand reducing means that there is less money being spent in the economy and should this be the case, the economy is going to contract and unless the Aggregate demand was above potential GDP then this is not ideal.

Answer:

B. $6,448,519

Explanation:

The computation of the present value of this growing annuity is given below:

PVA = [Cash flow at year 1 ÷ (interest rate - growth rate)] × {1 - [(1 + growth rate) ÷ (1 + interest rate)^number of years}

= [$675,000 ÷ (0.18 - 0.13)] × [1 - (1.13 ÷ 1.18)^15]

= $6,448,519

Hence, the correct option is b.

Answer:

(a) Common Stock = $29,400. (b) Retained earnings = $34,000, (c) Cost of goods sold = $55,360, (d) Net Income = $19,770, (e) Net Income =$19,770

Explanation:

Note: See organized question as attached below to aid understanding

Net income = Ending retained earnings + Dividends - Beginning retained earnings

Net income = $34,000 + $4,770 - $19,000

Net income = $19,770

Net income = Revenue - Cost of goods sold - Salaries and wages expense

$19,770 = $85,400 - Cost of goods sold - $10,270

Cost of goods sold = $85,400 - $19,770 - $10,270

Cost of goods sold = $55,360

Total liabilities and stockholders equity = Accounts payable + Common stock + Retained earnings

$69,000 = $5,600 + Common stock + $34,000

Common stock = $69,000 - $5,600 - $34,000

Common stock = $29,400

Missing amounts :

Common Stock = $29,400

Retained earnings = $34,000,

Cost of goods sold = $55,360

Net Income  = $19,770

Net Income  = $19,770

Net income

= Ending retained earnings + Dividends - Beginning retained earnings

= $34,000 + $4,770 - $19,000

= $19,770

Net income

= Revenue - Cost of goods sold - Salaries and wages expense

$19,770 = $85,400 - Cost of goods sold - $10,270

Cost of goods sold

= $85,400 - $19,770 - $10,270

= $55,360

Total liabilities and stockholders equity

= Accounts payable + Common stock + Retained earnings

$69,000 = $5,600 + Common stock + $34,000

= $69,000 - $5,600 - $34,000

= $29,400

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Answer:

0.30

Demand is inelastic and an increase in price would lead to an increase in total revenue

Explanation:

P=300−0.02Q

Make q the subject of the formula by dividing through by 0.02

50P = 15,000 - Q

Q = 15,000 - 50P

Differentiate the above equation

[tex]\frac{dp}{dq} = -50[/tex]

Determine the value of q when p is 70

Q = 15,000 - 50(70) = 11,500

Elasticity = [tex][\frac{p}{q} . \frac{dp}{dq} ][/tex]

[[tex]\frac{70}{11500} . -50][/tex] = 0.30

Demand is inelastic and an increase in price would lead to an increase in total revenue

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

Elasticity of demand is 0.30

Also, the demand is inelastic which means that an increase in price would lead to an increase revenue.

Given that;

P = 300−0.02Q

We can make Q, subject of the formula.

P = 300−0.02Q

Dividing through by 0.02 we'll have

P = 300−0.02Q

50P = 15,000 - Q

Q = 15,000 - 50P

Using differentials,

[tex]\frac{d}{p} = -50[/tex]

We can then determine the value of q when p is 70

Q = 15,000 - 50(70) = 11,500

Elasticity =   [tex]\frac{70}{11,500} . - 50 = 0.30[/tex]

Therefore, Elasticity of demand is 0.30 . Increase in price would lead to an increase in revenue.

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Answer:

I hope u understand and thank you for your questions

Answer:

Transfers traditional internal activities to outside vendors.

Utilizes the efficiency which comes with generalization

Explanation:

Outsourcing can be regarded as a business practice which involves hiring a party from outside of the company so that the party can perform particular services as well as creation of goods which traditionally are been performed in-house by the employees and staff of the own company.Outsourcing helps in cost-cutting measure

It should be noted that Outsourcing ;

✓Transfers traditional internal activities to outside vendors.

✓Utilizes the efficiency which comes with generalization.

Answer:

True

Explanation:

The present value of the lease's periodic cash flows using the project's risk-adjusted cost of capital discount rate is determined and recorded as the Rights to Use Asset with a corresponding Lease Liability of the same amount, if the lease option is taken.  If the buy option is taken, the cost of purchase and installation is recorded as the asset's value with the corresponding credit to the Payable or Cash account.  The major difference is that  the lessee enjoys greater flexibility in abandoning the project with leased equipment than when equipment is bought and owned.

Answer:

C.

Explanation:

Therapeutics, Support Services, and Diagnostics

Answer:

C. Therapeutics, Support Services, and Diagnostics.

correct on edge unit test

This is a question I have on my Unit Test as I am typing this.

Explanation:

Answer:  a. numerous difficult steps to assemble device.

Explanation:

Radiological materials are quite cumbersome to assemble and require rare materials whose sale are intensely watched by various intelligence agencies in the world. Coupled with that is the need for very skilled scientists in order to assemble the device.

All these hurdles make it so that terrorists are not able to assemble radiological devices easily which is a good thing because if they could, it would have been used to devastating effect on many parts of the world by now.

Answer:

original quantity = 468,000

Average quantity = 382,000

new quantity = 296,000

a. -45.03%

original price - $2,950

new price = $3,110

Average price = 3030

3. -172,000

$160

b. 5.28%

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

Average quantity = (468,000 + 296,000) / 2 = 382,000

Average price = ($2,950  + $3,110) / 2 = 3030

Change in quantity = 296,000 - 468,000 = -172,000

Change in price = $3110 - $2950 = $160

percentage change in quantity demanded = (-172,000 /  382,000) x 100 = -0.4503 = -45.03%

percentage change in price = 160 / 3030 x 100 = 5.28%

Elasticity of demand = -45.03% / 5.28% = -8.53 = 8.53

Answer:

independent internal verification.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.

One of the essential characteristics of internal control is the principle of establishing responsibility such as assigning responsibility to specific individuals. An internal control is considered to be most effective when an individual is solely responsible for a specific accounting task.

Hence, the principle of establishing responsibility include the following;

I. Only one person or an individual is being responsible for a task.

II. An individual is solely responsible for the authorization of transactions.

III. An individual is solely responsible for the approval of transactions.

Answer:

Economists experience difficulties in accurately measuring income inequality because of the following:

A. do-it-yourself production of goods and services (such as growing own food or making own clothing) that are not bought or sold in the market

Explanation:

With do-it-yourself production of goods and services, it is very difficult to measure income inequality.  Income is measured as the value that is exchanged for goods and services in the marketplace, that is, by the forces of demand and supply.  These marketplace forces cannot be objectively measured when goods and services are produced and consumed by the same person.

Reason why the Economists do encounter some difficulty in the process of measuring income inequality is as result of A :do-it-yourself production of goods and services (such as growing own food or making own clothing) that are not bought or sold in the market

Therefore, option A is correct.

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Answer:

Particulars                                            Amount

Raw material used                               $18,600

Add: Direct labor                                 $26,600

Overhead costs

Factory supplies                 $3,100

Plant depreciation              $6,800

Indirect labor                      $8,600

Utilities ($10,600*80%)       $8,480  

Total overhead cost                             $26,980

Total manufacturing costs                 $72,180

Answer:

The Williams Supply Company

a. Estimated Cash Collections for July

58% sales month (60% -2%)    $171,100 ($295,000 * 58%) July

25% ffg month                           60,000 ($240,000 * 25%) June

12% second month                     21,000 ($175,000 * 12%) May

Estimated cash collections = $252,100

b. Estimated July Cash Payments for Purchases:

                                                        July

Cost of purchases                      $122,000

50% purchase month                     61,000

50% ffg month                               47,200

Total payment for purchases   $108,200

c. July Selling and Administrative Expenses:

Monthly fixed expenses                   $72,000

Variable expenses ($5 * 5,900)        29,500

Total selling and admin expenses $101,500

d. Cash Receipts Over Disbursements for July:

Beginning cash balance       $125,000

Total cash receipts                 252,100

Total cash available              $377,100

Cash Disbursements:

Purchases                            $108,200

Selling and Admin.                 101,500

Total cash disbursements $209,700

Cash balance                      $167,400

Explanation:

a) Data and Calculations:

Selling price of product = $50 per unit

Purchase cost of product = $20 per unit

Total budgeted sales for the year = $3,000,000

Total budgeted sales for the year (units) = 60,000 units

Month   Sales Revenue      Unit Sales

May          $175,000          3,500 ($175,000/$50)

June         240,000          4,800 ($240,000/$50)

July          295,000          5,900 ($295,000/$50)

August    320,000           6,400 ($320,000/$50)

July 1 Account Balances:

Cash = $125,000

Merchandise inventory  = $47,200

Accounts receivable (sales) = $84,530

Accounts payable (purchases) = $47,200

Payment of Purchases:

50% purchase month

50% ffg month

Cash collections from sales:

58% sales month (60% -2%)

25% ffg month

12% second month

Ending inventory = 40% of the budgeted sales in units in the next month

Total budgeted selling and administrative expenses (excluding bad debts) = $1,200,000

Fixed expense = $864,000 ($1,200,000 * 3/4) - $36,000

Monthly fixed expenses = $72,000 ($864,000/12)

Variable selling expenses = $300,000 ($1,200,000 - $900,000)

Variable selling expenses per unit = $5 ($300,000/60,000)

Purchases Budget

                                          June         July    

Ending inventory             2,360      2,560

Sales                                4,800      5,900

Units available for sale    7,160      8,460

Beginning inventory        1,920     2,360

Purchases                       5,240      6,100

Cost of purchases     $104,800  $122,000 (6,100 * $20)

Answer:

C. 3/12, n/45

Explanation:

These payment terms would be expressed as : 3/12, n/45.

This is because :

Answer:

Outback Brewing, Ltd., of Australia

                                  Queensland     New South Wales

1. Rate of return             5%                           2.16%

2. Based on the computed Rate of Return, Division Queensland seems to be doing a better job than New South Wales

Explanation:

a) Data and Calculations:

                                                              Queensland     New South Wales

Sales                                                       $ 1,144,000        $ 2,220,000 Average operating assets                     $ 520,000            $ 600,000

Net operating income                             $ 125,840             $ 177,600

Property, plant, and equipment (net)    $ 252,000           $ 202,000

Sales margin =                                            11%                            8%

Capital turnover ratio =                              2.2                            3.7

Return on investment (ROI) =                    5%                            2.16%

Sales margin = Net operating income/Sales * 100

Capital turnover ratio = Sales/Average operating assets

ROI = Sales margins divided by the firm's capital turnover ratio

Answer:

the pmt is $537.67

Explanation:

The computation of the PMT amount is given below;

Given that

FV = $10,000

PV = $0

NPER = 15 years

RATE = 3%

The formula is shown below:

= PMT(RATE, NPER,PV,FV,TYPE)

AFter applying the above formula, the pmt is $537.67

The same should be considered and relevant

Answer:

1. Particulars                                             Amount

Sales total (7,150 * $35)                          $250,250

Less: Variable expenses (7,150 * $19)   $135,850

Contribution margin                                $114,400

Less: Fixed expenses                             $55,800

Net operating income                            $ 58,600

2.  Particulars                                            Amount

Sales total (7,050 * $35)                          $246,750

Less: Variable expenses (7,050 * $19)   $133,950

Contribution margin                                 $112,800

Less: Fixed expenses                              $55,800

Net operating income                             $ 57,000

3. Particulars                                             Amount

Sales total (6,100* $35)                           $213,500

Less: Variable expenses (6,100 * $19)    $115,900

Contribution margin                                 $97,600

Less: Fixed expenses                              $55,800

Net operating income                             $ 41,800

Answer: $1282620.4

Explanation:

First, we'll calculate the weighted average cost of capital which will be:

= (Weight of debt × After cost of debt) + (Weight of equity × Cost of equity)

= (40% × 6.2%) + (60% × 11.4%)

= (0.4 × 0.062) + (0.6 × 0.114)

= 0.0248 + 0.0684

= 2.48% + 6.84%

= 9.32%

The present value calculated is $195424.56 (Check attachment)

Then, the terminal value for cash flow will be $1084195.40 (Check attachment)

Then, the value of the firm will be:

= Present value of cash flow + Terminal value for cash flow

= $195424.56 + $1084195.40

= $1282620.4

Therefore, the value of the firm is $1282620.40.

Answer:

Both Leaves and Bark should be discontinued and rented out

Explanation:

Calculation to determine whether Both Leaves and Bark should be discontinued and rented out

LEAVES BARK

Sales eliminated $(30,000)$(50,000)

Variable costs eliminated $10,000 $25,000

Net loss from discontinuation($20,000)($25,000)

($-30,000+$10,000=-$20,000)

(-$50,000+$25,000=-$25,000)

Rental income gained $25,000 $27,000

Increase in operating income $5,000 $2,000

($25,000-$20,000=$5,000)

($27,000-$25,000=$2,000)

Therefore based on the above calculation both Leaves and Bark SHOULD BE DISCONTINUED reason been that the NET LOSS for each is LESSER than the annual rental income.

Answer:

Smart Stream Inc.

1. Total variable costs = $2,400,000

2a. Variable cost per unit = $240

2b. The variable cost markup percentage = 12.46%

2c. Selling price per unit = $325

Explanation:

a) Data and Calculations:

Variable costs per unit:          

Direct materials                               $150            

Direct labor                                         25              

Factory overhead                               40

Selling and administrative expenses 25

Total                                                $240

Fixed costs:

Factory overhead       $350,000

Selling and admin. exp. 140,000

Total fixed costs =      $490,000

Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000

Profit target = $360,000 ($1,200,000 * 30%)

Total variable costs = $2,400,000 ($240 * 10,000)

Variable cost per unit = $240

b. The variable cost markup percentage =

Variable cost markup = $360,000 * $2,400,000/$2,890,000 = $298,962

Variable cost markup percentage = $298,962/$2,400,000 * 100 = 12.46%

Fixed cost markup = $360,000 * $490,000/$2,890,000 = $61,038

Total cost = $2,890,000

Target profit     360,000

Total sales revenue = $3,250,000

Selling price = $325 ($3,250,000/10,000)

Answer:

3.325%

Explanation:

The computation of the risk free rate of return is shown below:

As we know that

Expected rate of return = risk free rate of return + beta × (market rate of return - risk free rate of return)

11.85% = Risk Free Rate + ( 10.2% - Risk Free Rate) × 1.24

11.85% = Risk Free Rate + 12.648% - 1.24 × Risk Free Rate

0.24 × Risk Free Rate = 12.648 % - 11.85%

Risk Free Rate= (12.648 % - 11.85%) ÷  0.24

= 3.325%