Answer:
supervised learning
Explanation:
This would be considered supervised learning. This is because the data that is being collected is also being given specifically tagged category outputs such as CEO salary, annual profit, number of employees, and type of industry. These tags help the model map these factors as outputs for the collected data. Therefore, creating input-output connections for each company. If the data was not tagged and all the data was simply jumbled then it would be unsupervised learning.
There is a goose that lays golden eggs, one each year, arriving at the end of the year. Each egg weighs one pound. The price of gold is currently $1,247 per ounce (16 ounces in a pound), and this is your best guess for the price going forward. You expect the goose to live 10 years (thus laying 10 eggs). How much is this goose worth today if the discount rate is 8%
Answer:
$133,880
Explanation:
Missing word "How much is this goose worth today?"
Each year 1 golden egg, we get which weighed at 1 pond
1 pound = 16 ounce
Therefore 1 golden egg = 16 ounce
Therefore 1 golden egg = 16 ounce * $1,246/ounce
Therefore 1 golden egg = $19,952
Therefore for 10 years discounted at 8%, the worth of the goose shall be
= Yearly cash flow * Sum of D.F.8%, 10 years
= $19,952 * 6.7101
= $133,880
So, the worth of the goose today is $133,880
International macroeconomics focuses on: isolated nations. market-specific variables such as the price of orange juice. city-level economic problems.
Answer:
Isolated nations
Explanation:
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
International macroeconomics focuses on economic activities of various countries and how its consequences
For each situation, prepare the appropriate journal entry for the redemption of the bonds.
a. Flounder Corp. redeemed $124,000 face value, 10% bonds on April 30, 2022, at 105. The carrying value of the bonds at the redemption date was $111,972. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
b. Shamrock, Inc. redeemed $162,000 face value, 12.5% bonds on June 30, 2022, at 99. The carrying value of the bonds at the redemption date was $174,960. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded.
Answer and Explanation:
The journal entries are given below:
On Apr. 30
Bonds payable $124,000
Loss on redemption of bonds( bal fig) $18,228
Discount on Bonds payable($124,000 - $111,972) $12,028
Cash ($124,000 × 1.05) 1,30,200
(Being redemption of bonds at 105 is recorded)
On Jun. 30
Bonds payable $162,000
Premium on Bonds payable($174,960 - $162,000) $12,960
Gain on redemption of bonds ( bal fig) $14,580
Cash($162,000 × .99) $160,380
(Being redemption of bonds at 98 is recorded)
Examples of imperfections in the financial system which allow banks to exist include which of the following? A. Informational asymmetry B. Efficiency of markets C. Divisibility of assets D. Adequate liquidity E. All of the examples are of the imperfections that exist.
Answer: A. Informational asymmetry
Explanation:
There exists an information asymmetry in the financial markets that rises from people being unable to adequately analyse the riskiness of various business endeavours.
Banks overcome this information asymmetry by having experience and well trained personnel that are capable of adequately assigning risk to ventures and charging them the appropriate interest rate to make a return on that venture.
102M in preferred stock, $85M in book value of common stock, and $120M in debt selling at 96.7%. The common stock has a market to book ratio of 1.75, a yield to maturity on its debt of 5.4%, and a return on its preferred stock of 9.45%. The company is sitting in the 18% tax bracket, has a beta of 1.25 on its common stock, the market return is 15% and the risk free rate is 3.24%. What is the Cost of Preferred Stock
Answer:
9.45%
Explanation:
the cost of preferred stock is given by the question.
the formula that we can use to calculate the cost of preferred stock = preferred dividends / market price per preferred stock
remember that preferred dividends are paid with after tax earnings, so they do not reduce taxes
Job 101 was completed and sold for $60,000. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead costs recorded during the first month of operations totaled $45,000. Required: 1. Prepare a journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion. 2. Prepare the journal entries to recognize the sales revenue and cost of goods sold for Job 101. 3. Prepare the journal entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.
Answer:
Required 1
Debit : Finished Goods $53,600
Credit : Work In Process $53,600
Required 2
Debit : Cash $60,000
Debit : Cost of Goods Sold $55,000
Credit : Sales $60,000
Credit : Finished Goods $55,000
Required 3
Debit : Overheads $4,000
Credit : Cost of Sales $4,000
Explanation :
Hi, I have attached the full question as a pdf below
Manufacturing Costs Calculations :
Job 101 = $19,200 + $28,800 + ($420,000/60,000 x1,000) = $55,000
Job 102 = $14,400 + $11,200 + ($420,000/60,000 x4,000) = $53,600
Closing Overheads :
Actual Overheads = $45,000
Applied Overheads = $420,000/60,000 x 7,000 hours = $49,000
Therefore,
Overheads are over-applied ( by $4,000) and must be deducted from cost of sales
The United States imports a lot of cars, despite having its own auto industry. Each of the following statements are arguments some people could make for restricting imports of cars into the United States. For each statement, identify the threat to the U.S. industry that the argument is trying to counter, and identify the opportunities that would be given up if the argument wins.
Choose the correct answer:
a. "Foreign manufacturers are offloading their cheap cars onto the U.S. market. We should stop this so that consumers have access to higher-quality U.S. cars."
-National security requires that strategically important goods be produced domestically.
-Protection can help infant industries develop.
-Foreign competition may lead to job losses.
-Anti-dumping laws prevent unfair competition.
-Trade should not enable foreign firms to skirt U.S. regulations.
b. "We must foster the innovation of small car companies, like Tesla. Allowing foreign electric vehicle manufacturers to sell cars in the U.S. will eliminate any chance of creating those cars domestically."
-Foreign competition may lead to job losses.
-Anti-dumping laws prevent unfair competition.
-National security requires that strategically important goods be produced domestically.
-Trade should not enable foreign firms to skirt U.S. regulations.
-Protection can help infant industries develop.
c. "You should not buy a car from Nissan or BMW! You are putting people here out of a job."
-Foreign competition may lead to job losses.
-Anti-dumping laws prevent unfair competition.
-National security requires that strategically important goods be produced domestically.
-Trade should not enable foreign firms to skirt U.S. regulations.
-Protection can help infant industries develop.
Answer:
a. "Foreign manufacturers are offloading their cheap cars onto the U.S. market. We should stop this so that consumers have access to higher-quality U.S. cars."
-Anti-dumping laws prevent unfair competition.
DUMPING REFERS TO GOVERNMENTS SUBSIDIZING EXPORTS IN ORDER TO LOWER THEIR PRICES. THIS IS AN ILLEGAL PRACTICE NOT ACCEPTED BY THE WORLD TRADE ORGANIZATION.
b. "We must foster the innovation of small car companies, like Tesla. Allowing foreign electric vehicle manufacturers to sell cars in the U.S. will eliminate any chance of creating those cars domestically."
-Protection can help infant industries develop.
EVEN THOUGH CAR ARE MANUFACTURED IN THE US SINCE MANY YEARS AGO, TESLA AND OTHER ELECTRIC CAR MANUFACTURERS ARE STILL AN INFANT INDUSTRY.
c. "You should not buy a car from Nissan or BMW! You are putting people here out of a job."
-Foreign competition may lead to job losses.
JOBS MAY BE AT RISK WHEN A DOMESTICALLY PRODUCED GOOD IS REPLACED BY AN IMPORTED GOOD
Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $180,000, and it had a market value of $288,000 on the date of the transfer. Cecile sold the stock for $252,000 a month after receiving it. In addition Casper is required to pay Cecile $9,000 a month in alimony. He made five payments to her during the year.
Required:
a. What are the tax consequences for Casper and Cecile regarding these transactions?
b. How much gain or loss does Casper recognize on the transfer of the stock?
c. Does Casper receive a deduction for the $7,500 alimony paid?
d. How much income does Cecile have from the $7,500 alimony received?
e. When Cecile sells the stock, how much does she report?
Answer:
a. No gain or loss will be recognized by either party.
b. $0 gain or loss will be recognized by Casper on the transfer.
c. Yes, a deduction will be received by Casper for the $45,000 alimony paid during the year.
d. The amount of income is the $45,000 alimony received from Casper during the year.
e. Cecile will report a capital gains of $72,000.
Explanation:
Note: This question has some errors. The correct question is therefore provided before answering the question as follows:
Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $180,000, and it had a market value of $288,000 on the date of the transfer. Cecile sold the stock for $252,000 a month after receiving it. In addition Casper is required to pay Cecile $9,000 a month in alimony. He made five payments to her during the year.
Required:
a. What are the tax consequences for Casper and Cecile regarding these transactions?
b. How much gain or loss does Casper recognize on the transfer of the stock?
c. Does Casper receive a deduction for the $45,000 alimony paid?
d. How much income does Cecile have from the $45,000 alimony received?
e. When Cecile sells the stock, how much does she report?
The explanation of the answers are now given as folllows:
a. What are the tax consequences for Casper and Cecile regarding these transactions?
Casper who is the party that is making the transfer will enjoy a deduction for the property he transferred as he is nt entitled to the deduction. In addition, no gain or loss will be recognized by Casper o the transfer.
Cecila who us the party that receives the property will also not recognize income. She will include the property received on cost basis equal to basis of the Casper who is the party that the transfer.
b. How much gain or loss does Casper recognize on the transfer of the stock?
$0 gain or loss will be recognized by Casper on the transfer.
The reason for this is that anything that is paid under alimony that is not cash is not taxable. Since what Casper transferred is not cash, $0 will be recognized.
c. Does Casper receive a deduction for the $45,000 alimony paid?
The total alimony made by Casper during the year is calculated as follows:
Total alimony paid = Alimony amount * Number of payments during the year = $9,000 * 5 = $45,000
Therefore, a deduction will be received by Casper for the $45,000 alimony paid during the year.
d. How much income does Cecile have from the $45,000 alimony received?
The amount of income is the $45,000 alimony received from Casper during the year. And this will be included in her gross income.
e. When Cecile sells the stock, how much does she report?
The amount she will report as capital gain can be calculated as follows:
Capital gains = Revenue from the sales of the stock by Cecile - Purchase price paid by Casper = $252,000 - $180,000 = $72,000
Therefore, Cecile will report a capital gains of $72,000.
Use the indirect pattern when you need to soften or delay bad news until after an explanation is given. Understanding the four components of the indirect pattern will help you craft messages that convey empathy, present reasons, cushion bad news, and close pleasantly. What buffering technique are you using if you provide objective information in your opening
Answer:
Facts.
Explanation:
You can use the indirect pattern when you need to soften or delay bad news until after an explanation is given. Basically, understanding the four components of the indirect pattern will help you craft messages that convey empathy, present reasons, cushion bad news, and close pleasantly.
Hence, if you provide objective information in your opening the buffering technique you are using is facts.
This ultimately implies that, the opening of a message can be buffered through the inclusion of facts and as such introducing a bad news objectively. Also, the facts used as a buffer technique should be concise, relevant and straightforward.
The stage which relates to
development of decision making
abilities, interpersonal and technical
competencies is known as:
Select one:
a. Facilitating the improvement
of quality and employee
productivity
b. Norming
c. Storming
d. Forming
= Storming
Explanation:
The stage which relates to
development of decision making
abilities, interpersonal and technical
competencies is known as storming
'Team development' consists of five distinct stages with each having its own significance in ensuring smooth and effective performance by every member for attaining the desired goals.
The stage of team development that is associated with making a decision by ruling out internal conflicts or competencies would be:
c). Storming
'Storming' is described as the stage at which the various members of the team come up with a variety of ideas. Each member attempts to make sure that his/her idea stands out and this leads to arguments, competition, and conflicts among the team members. As a result, the original goal of the team is often sidelined. Therefore, the leader plays a key role in managing these conflicts and strike focus back to the goal. The leader of the team communicates with the team and makes a decision that helps in gathering the team as a unit for setting out the norms in the next stage.
Thus, option C is the correct answer.
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You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products: penguin patties, frizzles, and mookies. All of these products have been on the market for some time, but, to entice better sales, Run-of-the-Mills wants to try a new advertisement that will market two of the products that consumers will likely consume together. As a former economics student, you know that complements are typically consumed together while substitutes can take the place of other goods. Run-of-the-Mills provides your marketing firm with the following data: When the price of penguin patties decreases by 5%, the quantity of frizzles sold increases by 4% and the quantity of mookies sold decreases by 5%. Your job is to use the cross-price elasticity between penguin patties and the other goods to determine which goods your marketing firm should advertise together.
Complete the first column of the following table by computing the cross-price elasticity between penguin patties and raskels, and then between penguin patties and kipples. In the second column, determine if penguin patties are a complement to or a substitute for each of the goods listed. Finally, complete the final column by indicating which good you should recommend marketing with penguin patties.
Relative to Splishy Splashies
Cross-Price Elasticity of Demand Complement or Substitute Recommend Marketing with Splishy Splashies
Flopsicles
Kipples
Answer:
Explanation:
a) Data and Calculations:
Decrease in the price of penguin patties = 5%
Quantity of frizzles sold increase by 4%
Quantity of mookies sold decrease by 5%
Cross-price elasticity of frizzles relative to penguin patties = 4%/-5% = -0.8
Cross-price elasticity of mookies relative to penguin patties = -5%/-5% = 1
Relative to Frizzles Cross-Price Complement Recommend
and Mookie's Elasticity of Demand or Substitute Marketing
Frizzles -0.8 (4%/-5%) Complement with patties
Mookie's 1 (-5%/-5%) Substitute without patties
b) The cross-price elasticity measurements for penguin patties and frizzles and Mookie’s are calculated by taking the percentage changes in the quantity demanded of frizzles and Mookie’s and dividing them by the percentage change in the price of the penguin patties. Complementary goods have a negative cross- price elasticity because as the price of penguin patties decreases by 5%, the demand for the frizzles increases by 4%. Substitute goods have a positive cross-price elasticity because as the price of penguin patties decreases by 5%, the demand for the other good decreases by 5%.
Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in the United Kingdom
Answer:
In the last 30 years, national economies have shifted towards decreasing trade barriers, and the world is becoming global economic space. Economic turbulence, especially in one of the major economies like the US, Europe, and China, tends to have ripple effects on other world economies. For example, the subprime housing crisis in 2008, which upturned the US economy, reached global proportions with the economic and financial meltdowns that were felt globally.
The new emergence in the economic system suggests that national boundaries are shrinking, and economies are becoming integrated and interdependent. In the last 30 years, China emerged as a global economic superpower, challenging the dominance of the US and European economies.
For businesses based in the United Kingdom, they have wider opportunities and better playing grounds. They can look beyond Europe and the US for investment and business opportunities. China, especially Hong Kong, is becoming an investment haven. Even other developing countries like Brazil, South Africa, and Dubai are becoming more attractive with increased consumer spending.
Secondly, the United Kingdom will continue to be the center of attraction for some Asian firms that will use London as a launching pad for their European businesses. This also poses some threats, just as it generates opportunities for global expansion of UK-based businesses.
Explanation:
Globalization has caused the world economies to merge and become a global economy. However, in the last four years, China seems to be recoiling to its shelves with the coming on board of the Trump Administration, which had exposed China's behind-the-door fiscal and monetary policies. This started when the administration labeled China as a currency manipulator. China is becoming alienated from the US and having its reputation tarnished internationally. The earlier prediction that China would emerge as the dominant superpower economy in 2010 was not wholly realized. China is re-strategizing by concentrating its investments in Asia, Africa, Latin America, and some parts of Europe.
Select the correct answer.
Delegating means being responsible for all the work.
A True
B. False
Answer:
B. False
Explanation:
Delegating is using one's authority to assign some responsibilities to team members. Usually, delegations stem from a senior officer to a junior officer but can also be between co-workers. It is authorizing and empowering someone else to execute some of your responsibilities on your behalf.
In delegation, the delegating authority must provide clear guidance on how the assigned duties are discharged. Some level of supervision is still required as delegating does not take away the accountability element from the delegating authority.
On December 18, Intel receives $260,000 from a customer toward a cash sale of $2.6 million for computer chips to be completed on January 23. The computer chips had a total production cost of $1.6 million. What journal entries should Intel record on December 18 and January 23
Answer:
December 18
Debit : Cash $260,000
Credit : Deferred Revenue $260,000
January 23
Debit : Cost of Sales $1.6 million
Debit : Deferred Revenue $260,000
Debit : Trade Receivable $2,340,000
Credit : Inventory $1.6 million
Credit : Sales Revenue $2.6 million
Explanation:
During December 18, the firm receives cash and must recognize this asset. On the other hand it should recognize the Liability, Deferred Revenue for the sale not yet completed.
During January 23, reverse the Deferred Revenue and recognize the Sales Revenue for that amount. Also recognize the cost of sales and decrease in inventory. the remainder not yet paid is a Trade Receivable and must be recognized.
The explanation for why marginal cost is positive and rising in the short run is ________ marginal product of labor in the production process. A) a zero B) a constant C) an increasing D) a diminishing
Due to an increase in the marginal cost of production for more units than the marginal product of labor is increasing.
What is Marginal production?Marginal production is the additional production of units and additional input of labor over the expected production level. The cost incurred for the marginal production changes in total, but remain constant per unit of production.
There is a direct relationship between the marginal cost of production and the marginal product of labor.
Since the labor is the only variable input for the production and the marginal cost of production is diminishing, this means the cost of producing an additional unit of production is lower.
Thus, the reduction in the marginal cost will increase the marginal product of labor.
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Which function of money describes its ability to help people compare what
different goods and services are worth?
A. Standard of deferred payment
B. Store of value
C. Measure of value
D. Medium of exchange
Answer: D. Medium of exchange
Explanation:
The function of money describes its ability to help people compare what different goods and services are worth as a measure of value. Thus the correct option is C.
What is Service?Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
Money is referred to as currency which is considered a medium of exchange that is used to buy and sell products and services by measuring their value in comparison to each object.
This is referred to as a standard payment system that is applicable in each country that has a different value of its currency based on the economy.
Therefore, option C is appropriate.
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The following Is a list of well-known companies.
1. Alcoa Inc.
2. Boeing
3. Caterpillar
4. Citigroup Inc.
5. CVS
6. Dow Chemkal Company
7. eBay Inc.
8. FedEx
9. Ford Motor Company
10. Gap Inc.
11. Block
12. Hilton Hospitality, Inc
13. Procter & Gamble
14. SunTrust
15. Walmart Stores, Inc.
Required:
Indicate whether each of the above companies are primarily a service, merchandise, or manufacturing business.
Answer:
The companies Indication
1. Alcoa Inc. Manufacturing business
2. Boeing Manufacturing business
3. Caterpillar Manufacturing business
4. Citigroup Inc. Service business
5. CVS Merchandising business
6. Dow Chemkal Company Manufacturing business
7. eBay Inc. Service business
8. FedEx Service business
9. Ford Motor Company Manufacturing business
10. Gap Inc. Merchandising business
11. H&R Block Service business
12. Hilton Hospitality, Inc Service business
13. Procter & Gamble Manufacturing business
14. SunTrust Service business
15. Walmart Stores, Inc. Merchandising business
By using resources in an efficient and effective manner to reach organizational goals, managers may reach their ultimate responsibility of achieving high __________.
Answer:
Performance
Explanation:
The ultimate responsibility of the manager is to accomplish the high performance that represent the attainment of the organization goals via using the resources in a best way i.e. efficient and effective manner
So the responsibility of the manager is to accomplish the high performance so that the company could attain its goals and objectives
Match the different activities to the responsibilities of relevant banks
Answer:
Federal bank:
•provides financial services to the government
•regulates safe and lawful operations
Conducts nation’s monetary policies
Other commercial banks:
•accepts deposits from people
•lends money through to consumers and businesses
Explanation:
I just took the test and got this one right
(Plato/edmentum)
The different activities are matched as per responsibilities :
Federal bank
Gives all financial services to the governmentregulates safe and the lawful operationsMaintains nation’s monetary policiesOther banks :
Accepts the deposits from the people.They lend the money to consumers and businessesWaht is a federla bank ?A federal bank is one that acts as the central bank and is commonly found in the US.
These banks are responsible for conducting activities like giving all financial services to the govt and maintaining the nation's monetary policy. While the other banks are responsible for accepting the deposit from people and lending the money to consumers and businesses.
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A company estimates that 0.7% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $150. If they offer a 2 year extended warranty for $12, what is the company's expected value of each warranty sold
Answer:
$10.97
Explanation:
Calculation for what is the company's expected value of each warranty sold
First step is to calculate the outcome
Outcome=$150-$12
Outcome=138
Second step is to calculate the outcome probability
Outcome probability=1-0.007
Outcome probability=0.993 and 0.007 respectively
Now let calculate the company's expected value of each warranty sold
Expected value of each warranty sold=$12*0.993+(-$138)*0.007
Expected value of each warranty sold=$10.97
Therefore Expected value of each warranty sold is $10.97
A manager must make a decision on shipping. There are two shippers: A and B. Both offer a two-day rate: A for $514, and B for $527. In addition, A offers a three-day rate of $472 and a nine-day rate of $407, and B offers a four-day rate of $458 and a seven-day rate of $424. Annual holding costs are 31 percent of unit price. Three hundred and sixty boxes are to be shipped, and each box has a price of $146. Which shipping alternative would you recommend
Answer:
Ship two-day using A ship
Explanation:
It is given that :
Total number of boxes to be shipped = 360 boxes
Cost of annual holding = 31%
= 0.31
Price for each box = $ 146
∴ Cost of total boxes = 146 x 360
= $52,560
∴ Total holding cost = 0.31 x 52560
= $ 16,293.60
Now the holding cost for one day = [tex]$\frac{16,293.60}{365}$[/tex] days
= 44.640 per day
For shipper A
Shipping cost + days x holding cost
Cost for 2 days = 514 + 2 x 44.640 = $ 603.28
Cost for 3 days = 472 + 3 x 44.640 = $ 605.92
Cost for 9 days = 407 + 9 x 44.640 = $ 808.76
Similarly for shipper B
Shipping cost + days x holding cost
Cost for 2 days = 527 + 2 x 44.640 = $ 616.28
Cost for 4 days = 458 + 4 x 44.640 = $ 636.56
Cost for 7 days = 424 + 7 x 44.640 = $ 736.48
Thus from above we can conclude that choosing Ship A for two days is the correct option.
In this market research step, the best solution is recommended along with the reasons why it is the best option:
a) Choose the best solution
b) Analyze data
c) Obtain data
d) Identify the problem
Answer:
a
Explanation:
got it right
Market performance in the United States is tracked using stock changes. which use formulas to calculate price
Answer: index
Explanation:
Here is the complete question:
Market performance in the United States is tracked using stock _____, which use formulas to calculate price changes.
a. Indexes
b. quotes
c. futures
d. trades
An index is defined as the method used in tracking the performance of an asset. Indexes measure the performance of securities. It shows whether the prices of stock are falling or rising.
Answer:
A. indexes
Market performance in the United States is tracked using stock indexes, which use formulas to calculate price changes
Explanation:
took test on edge 2021
How are technology and technical profession related ? use example to write answer
Answer:
Technician and technologist are two different terms. However, these two terms are interrelated. ... A technician has a good knowledge of the general principles of the field he is in, whereas, a technologist is a person who is completely aware of various technologies. A technician works under a technologist.
Answer:
techonology is a term wher technical profession are the jobs in which a person is technically and professionally expert . for eg:an bank network is a techonolgy but the seat for the controller of this network is technical profession.
On January 1, 2021, Blossom Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease called for Blossom to make annual payments of $185015 at the end of each year for 10 years with the title passing to Blossom at the end of this period. The machinery has an estimated useful life of 15 years and no salvage value. Blossom uses the straight-line method of depreciation for all of its fixed assets. Blossom accordingly accounted for this lease transaction as a financial lease. The lease payments were determined to have a present value of $1241466 at an effective interest rate of 8%. With respect to this lease, Blossom should record for 2021
a. interest expense of $82764 and amortization expense of $69431.
b. interest expense of $99317 and amortization expense of $82764.
c. interest expense of $83317 and amortization expense of $124147.
d. lease expense of $99317.
Answer:
the interest expense os $99,317 and the depreciation expense of $82,764
Explanation:
The computation of the interest expense and the depreciation expense is given below:
Interest expense is
= Present value × effective interest rate
= $1,241,466 × 8%
= $99,317
And, the depreciation expense is
= Present value ÷ estimated life
= $1,241,466 ÷ 15 years
= $82,764
Hence, the interest expense os $99,317 and the depreciation expense of $82,764
This is the answer but the same is not provided in the given options
1. Since we have unlimited needs and wants but only limited resources, we face trade-offs with each decision. Explain how a rational individual would compare the marginal benefit to the marginal cost when making decisions.
Answer:
Marginal Benefit = Marginal Cost
Explanation:
Rational individual tends to maximise utility, or producers tend to maximise profit - which leads to their utility.
Marginal Benefit & Marginal Benefit are additional Benefit & cost respectively.
He / She should consume at equilibrium point, where Marginal Benefit (Marginal Utility) = Marginal Cost (P). Similarly, Producers produce at equilibrium where Marginal Benefit (Marginal Revenue) = Marginal Cost
Which of Kant's basic human rights is violated when a supervisor requires an employee to do something that is unsafe or environmentally damaging, in spite of the employee clearly objecting to the order
Answer: freedom of conscience
Explanation:
Kant's basic human rights that is violated when a supervisor requires an employee to do something that is unsafe despite the fact that he objected us referred to as freedom of conscience.
Freedom of conscience is also referred to as the freedom of thought and it simply means that an individual has the freedom to have their own thoughts and be able to consider a fact irrespective of the viewpoint of others.
Echo Corporation had the following balances immediately prior to writing off a $100 uncollectible account:
Current assets $30,000
Accounts receivable 3,300
Allowance for doubtful accounts 300
Current liabilities 10,000
Required:
Calculate the following amounts or ratios and determine the relationship between the amount or ratio before the write-off (x) with the amount or ratio after the write-off (y);
Amount or Ratio Possibilities
1. Current ratio a. x more than y
2. Net accounts receivable balance b. x equals y
3. Gross accounts receivable balance c. x less than y
d. cannot be determined
Answer:
1. Current Ratio
= Current assets/ Current liabilities
= 30,000/10,000
= 3
b. x equals y
The $100 uncollectible will be written off from the Allowance for doubtful debt account and so will not affect the Accounts Receivable (current asset) so the ratio before and after write-off will be equal.
2. Net accounts receivable balance
= Accounts receivable - Allowance for doubtful accounts
= 3,300 - 300
= $3,000
b. x equals y
The $100 uncollectible will be taken from the Allowance account and so will not affect the reduction from the Accounts receivable.
3. Gross accounts receivable balance
Before write off = $3,300
After write off = 3,300 - 100 = $3,200
a. x more than y
Using the gross method means that there is no Allowance account and the write-off will completely be from the Accounts receivable so the amount before write-off will be more than the amount after.
Tarazzz Company manufactures computers. The following cost information for the manufacture of one computer has been compiled. Direct materials $48 Direct labor 64 Variable manufacturing overhead 40 *Fixed manufacturing overhead 48 Total cost per unit $200 *The $48 amount reflects the amount of indirect cost allocated to each unit. However, as indicated, the total of these indirect costs is fixed. Tarazzz has received a special order for 1,000 computers at a price of $150 per unit. By how much will overall company net income change if the order is accepted
Answer:
Company net income will DECREASE by $2,000 if the order is accepted.
Explanation:
Company net income will DECREASE by $2,000 if the order is accepted.
Additional order will produce additional sales revenue of $150 per unit
The marginal cost for this order = Variable costs (Direct material + Direct labour + variable cost) =$152 per unit
Since the marginal cost ($152) is more than the revenue ($150)per unit, there will be a loss of $2 per unit.
So the net income of the company will DECREASE by $2000 ($2x 1000)
The accounts receivable turnover can be used to compute the average collection period. is only important to internal users of accounting information. is computed by dividing net credit sales for the accounting period by the cash realizable value of accounts receivable on the last day of the accounting period. is a method of evaluating the solvency of net accounts receivable.
Answer:
can be used to compute the average collection period
Explanation: