Answer:
instrumentality
Explanation:
Based on the information provided within the question it seems that this will most likely affect his instrumentality. Meaning his quality of serving as a means to an end. This is because the worker is working hard in order to progress in the company and not have to work so hard in the future. If this does not happen then he will begin to become discouraged and not work as hard anymore.
Complete the following table by indicating whether or not each scenario is an example of price discrimination.
Hint: In order to determine if a scenario is an example of price discrimination, think about if the market can be segmented into two groups that pay different prices for the same good.
Scenario
Price Discrimination
Yes
No
Last-minute "rush" tickets can be purchased for most Broadway theater shows at a discounted price. They are typically distributed via lottery or on a first-come, first-served basis a few hours before the show. Assume that the theater in question does not hold seats in reserve for this purpose, but rather offers rush tickets only for seats not sold before the day of the performance. A local boutique is having a sale on sweaters, but customers are not aware of the sale until they are already in the store. In other words, there is no advertising of the sale other than signs in the back of the store that cannot be seen from the outside. All sweaters are marked as 55% off.
Answer:
a. Yes
b. No
Explanation:
Price discrimination refers that selling the products the same product to different customers at different prices so that they can increase their sales and profits.
A. According to the given situation, the correct answer is yes as the discounted tickets are awarded on the basis of lottery or first come on the basis of first served.
b. Now, according to the second situation, the correct answer is no as it is not an advertising item as is it within the store and has no information outside the store.
Sheridan Corporation incurred the following transactions.
1.Purchased raw materials on account $46,600.
2.Raw Materials of $40,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,000 was classified as indirect materials.
3.Factory labor costs incurred on account were $83,700.
4. Time tickets indicated that $55,700 was direct labor and $4,600 was indirect labor.
5. Manufacturing overhead costs incurred on account were $83,700.
6. Depreciation on the company’s office building was $8,900.
7. Manufacturing overhead was applied at the rate of 160% of direct labor cost.
8. Goods costing $93,500 were completed and transferred to finished goods.
9. Finished goods costing $85,100 to manufacture were sold on account for $104,500.
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (To record the sale) (To record the cost of the sale)
Answer:
Sheridan Corporation
Journal Entries:
1. Debit Raw Materials Inventory $46,600
Credit Accounts Payable $46,600
To record purchase of raw materials on account.
2. Debit Direct Raw Materials $33,800
Debit Indirect Raw materials $7,000
Credit Inventory $40,800
To record the requisitioning of raw materials to the factor.
4. Debit Direct labor $55,700
Debit Indirect labor $4,600
Credit Cash Account $60,300
To record labor costs incurred.
5. Debit Manufacturing Overhead $83,700
Credit Cash account $83,700
To record manufacturing overhead cost.
6. Debit Depreciation $8,900
Credit Accumulated Depreciation $8,99
To record the depreciation expense for the period.
7. Debit Manufacturing Overhead $5,420
Underapplied Manufacturing Overhead $5,420
To record underapplied manufacturing overhead.
8. Debit Finished Goods Inventory $93,500
Credit Cost of Production $93,500
To transfer completed goods.
9. Debit Cost of Goods Sold $85,100
Credit Finished Goods Inventory $85,100
To record the cost of finished goods.
Explanation:
Journal entries are made to record business transactions. They help classified transactions according to their whether they are to be debited or credit.
Heights of adult women are distributed normally with a mean of 162 centimeters and a standard deviation of 7 centimeters.
The percentage of heights less than 145 centimeters
The percentage of heights between 16t centimeters and 180 centimeters
Answer:
a) 0.75%
b) 60.9%
Explanation:
The heights of adult women are distributed normally with a mean(μ) = 162 centimetres and a standard deviation (σ) = 7 centimetres.
z score is a measure of the distance a raw score is from the mean in terms of standard deviation units. The z score is given by the equation:
[tex]z=\frac{x-\mu}{\sigma} \\[/tex].
a) The percentage of heights less than 145 centimetres. For x = 145 centimetres, the z score is:
[tex]z=\frac{x-\mu}{\sigma} =\frac{145-162}{7}=-2.43[/tex]
P(x < 145) = P(z < -2.43) = 0.0075
The percentage of heights less than 145 centimetres is 0.75%
b) The percentage of heights between 165 centimetres and 180 centimetres
For x = 165 centimetres, the z score is:
[tex]z=\frac{x-\mu}{\sigma} =\frac{160-162}{7}=-0.29[/tex]
For x = 180 centimetres, the z score is:
[tex]z=\frac{x-\mu}{\sigma} =\frac{180-162}{7}=2.57[/tex]
P(160 < x < 180) = P(-0.29 < z < 2.57) = P(z < 2.57) - P(z < -0.29) = 0.9949 - 0.3859 = 0.609
The percentage of heights between 160 centimetres and 180 centimetres is 60.9%
Crane Company reports: Cash provided by operating activities $ 310000 Cash used by investing activities 120000 Cash provided by financing activities 149000 Beginning cash balance 98000 What is Crane’s ending cash balance?
Answer:
$437,000
Explanation:
We first, find the net cash flow for the current period, and then, add the cash balance for the period immediately before.
Net cash flow for current period:
Cash provided by operating activities $310,000
Cash used by investing activities ($120,000) - we substract this because the cash was "used", that is to say, it was spent.
Cash provided by financing activities $149,000
Net cash flow: $339,000
Ending cash balance = Net cash flow + beginning cash balance
= $339,000 + 98,000
= $437,000
Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $60 each. During Year 1, Dynamo sells 600 toasters, for cash. Past experience shows that the average warranty costs are $4 each or $2,400 for these toasters. In Year 1, Dynamo pays $500 cash for warranty costs on the toasters sold that year. Required: Prepare Dynamo’s journal entries related to the sales and warranty in Year 1.
Answer:
Journal entry to record sale of toasters and warranty
Dr Cash 36,000
Cr Sales revenue 36,000
Dr Warranty expense 2,400
Cr Warranty liability 2,400
Adjusting entry for actual warranty expense
Dr Warranty liability 500
Cr Cash 500
Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.
A couple received a $131,000 inheritance the year they turned 48 and invested it in a fund that earns 6.1% compounded semiannually. If this amount is deferred for 14 years (until they retire), how much will it provide at the end of each half year (in dollars) for the next 20 years after they retire
Answer:
It will provide an amount of $13,259
Explanation:
According to the given data we have the following:
present value of deferred annuity=$131,000
i=0.061/2=0.0305
n=20*2=40
k=14*2=28
Therefore, to calculate how much will it provide at the end of each half year (in dollars) for the next 20 years after they retire we would have to calculate the following formula:
$131,000=R(1-(1+0.0305)∧-40/0.0305)*(1+0.0305)∧-28
$131,000=R(1-(1.0305)∧-40/0.0305)* (1.0305)∧-28
$131,000=R(1-0.3006/0.0305)* 0.4311
$131,000=R(22.93)*(0.4311)
R=$131,000/9.88
R=$13,259
It will provide an amount of $13,259
Susan wanted to give a diamond pendant to Lucy, her daughter. Susan entered into a contract with Andrew, a dealer who specializes in diamond jewelry. Susan had promised to pay him if he delivered the pendant to Lucy. Andrew withdrew from the contract and Lucy wanted to sue him. Which of the following statements is true in this scenario?
A. Lucy cannot sue Andrew as Susan's promise was gratuitous and therefore unenforceable.
B. Lucy can sue Andrew as she is a creditor beneficiary of the contract.
C. Lucy can sue Andrew as she is a donee beneficiary of the contract.
D. Lucy cannot sue Andrew as she is an incidental beneficiary of the contract.
Answer: Lucy can sue Andrew as she is a donee beneficiary of the contract
Explanation:
From the question, we are told that Susan wanted to give a diamond pendant to Lucy, who is her daughter. Susan then entered into a contract with Andrew, who is a dealer that specializes in diamond jewelry.
Susan had promised to pay him if he delivered the pendant to Lucy but later Andrew withdrew from the contract and Lucy wanted to sue him.
In this case, Lucy cannot sue Andrew because she is a donee beneficiary. It should be noted that as a donee beneficiary of the contract, the will only get the benefit of the contract as a gift but the contract is really between Susan and Andrew. She is not a party to the contract technically.
Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months. Typical uses for high-pressure water cleaning include:_______
Answer:
1. Airplanes.
2. Ice-cream plants.
3. Building maintenance.
4. Engines.
5. Automobiles.
6. Barns.
7. Lift trucks.
8. Swimming pools.
9. Machinery.
Explanation:
In this scenario, Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months.
Basically, the high-pressure water cleaning is a process that involves using water running at a very high pressure and sometimes high temperature to remove mold, dirt, dusts, loose paint, snow removal, grime etc from physical objects such as vehicles, equipments, buildings, billboards through the use of a plunger pump.
The typical uses for high-pressure water cleaning include: Airplanes, Ice-cream plants, Building maintenance, Engines, Automobiles, Barns, Lift trucks, Swimming pools, Machinery etc.
The proper application of high-pressure water cleaning helps to reduce environmental degradation, ensure equipments or environment are clean and neat. Also, high and tight places that cannot be easily reached by humans can still be cleaned with the help of a high-pressure water cleaner.
Two-Asset Portfolio Stock A has an expected return of 12% and a standard deviation of 45%. Stock B has an expected return of 18% and a standard deviation of 65%. The correlation coefficient between Stocks A and B is 0.2. What is the expected return of a portfolio invested 40% in Stock A and 60% in Stock B
Answer:
Portfolio return = 0.156 or 15.6%
Explanation:
The expected return of a portfolio is the weighted average of the individual stocks returns' that form up the portfolio. For a two stock portfolio, the expected return is calculated as follows,
Portfolio return = wA * rA + wB * rB
Where,
w is the weight of each stockr is the expected return of each stockPortfolio return = 0.4 * 0.12 + 0.6 * 0.18
Portfolio return = 0.156 or 15.6%
The Securities and Exchange Commission and the Federal Aviation Administration are examples of agencies engaged in A. the regulation of nonmonopolistic industries. B. health and safety regulation. C. social regulation. D. the regulation of natural monopolies.
Answer:
A. the regulation of nonmonopolistic industries.
Explanation:
The Securities and Exchange Commission and the Federal Aviation Administration are examples of agencies engaged in the regulation of nonmonopolistic industries.
A nonmonopolistic industry is one that is characterized by competition among various service providers in a country and generally there's a government agency that regulates their actions and activities in the public.
The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.
In the U.S, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America.
Hence, SEC has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.
The Federal Aviation Administration (FAA) was founded on the 23rd of August, 1958 under the Federal Aviation Act of 1958 of the United States of America. It is an independent government agency with the responsibility of regulating civil aviation, commercial space transportation, construction and maintenance of airports, air traffic management and operations of navigation systems for both civil and military aircrafts, and issuance of licenses to airline operators with their personnel.
An asset has an average return of 10.19 percent and a standard deviation of 22.41 percent. What is the most you should expect to lose in any given year with a probability of 16 percent
Answer:
The answer is 32.6%
Explanation:
Solution
Given that
An assets has a return average of =10.19%
Standard deviation =22.41%
Probability in any given year =16%
Now
The most you should expect to earn in any given year with a probability of 16 percent is = 10.19 + 22.41
= 32.6
Therefore,what you should expect in given year to lose is 32.6%
A customer holds 100 shares of ABC Corp $100 par convertible preferred stock convertible at a 10 to 1 ratio. If ABC declares and pays a 10% stock dividend, then as of the payable date, the customer will now have:_______.A. 90 shares of ABC preferred stockB. 100 shares of ABC preferred stockC. 100 shares of ABC preferred stock and 10 shares of ABC common stockD. 110 shares of ABC preferred stock
Answer:
B. 100 shares of ABC preferred stock
Explanation:
Shares are ownership stakes of a company that are given out to individuals who contribute to capital base of a company.
Preference shares are those whose owners recieve preference in payment of dividends, a fixed dividend is paid to them.
Ordinary shares recieve less preference when dividend is paid, usually coming last in divedend payment.
In this scenario ABC has decided to pay 10% stock dividend. This will be paid to ordinary share holders.
So the person with 100 preference shares will have 100 preference shares
10% of par value of $100 is 0.1 * 100= $10
Number of shares are 100 so the value is now 100 * $10 = $1,000
Since the conversion rate of preference to ordinary shares is 10:1
Number of preference shares= 1,000 ÷ 10= 100 preference shares
Answer:
is C
Explanation:
CADB
Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His insurance company pays him $140,000 and he immediately invests in a new building at a cost of $142,000. What is Oscar's basis on his new building?
Answer: $132,000
Explanation:
Oscar's new basis on the building will be the basis of the old building plus any additional investment he added.
This is the because there is no gain on the $140,000 he received because it was an Involuntary Conversion amount and he reinvested it into another building within a period of 2 years.
As there is no gain, the building will retain it's original basis but will add any amount outside the involuntary replacement cost of the building.
The Additional basis will be,
= Cost of building - Insurance
= 142,000 - 140,000
= $2,000
The Basis for the new building is,
= 130,000 + 2,000
= $132,000
The amount of earnings distributed to stockholders can be found in the income statement.
Sally's Choice sells season memberships for $200 each. During January 2017, 60 season memberships were sold. As of March 31, 2017, $3,000 of season membership fees had been collected from customers. The season runs for four months starting March 1, 2017. Which one of the following is an amount reported on the financial statements for the period ending March 31, 2017?
Unearned membership revenue of $3,000
Unearned membership revenue of $9,000
Accounts receivable of $3,000
Membership revenue of $9,000
False
Answer:
Unearned membership revenue of $9,000
Explanation:
The sales on credit during January 2017 was valued at $12,000 ($200 x 60).
In March 2017, customers paid $3,000, leaving the balance of $9,000 outstanding.
Since the season for which sales and collections were made starts March 1, 2017, when reporting the financial statements for the period ending March 31, 2017, the Membership Revenue would be $3,000 only and the balance $9,000 would be reported as Unearned Membership Revenue in the Balance Sheet with a further $9,000 reported in the Accounts Receivable to balance the records.
This shows that Unearned Membership Revenue of $9,000 is the only valid statement.
What is the fundamental goal of a business? Do all organizations share this goal?
Answer:
the fundamental goal of business is profit ,yes they share
Explanation:
every organisation wants or look forward to gain or earn profit and look for high capable employees of high capacity of thinking so that they make some extraordinary work
suppose community bank offers to lend you 10000 for one year at a nominal annual rate of 17.75% but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan
Answer:
18.97%
Explanation:
Effective annual rate = (1 + periodic interest rate / m)^m - 1
M = 4
Periodic interest rate = 17.75%
17.75% / 4 = 4. 4375%
(1+0.044375) ^4 - 1 = 18.97%
I hope my answer helps you
Question 2 (10 Marks)
In Andalusia Ltd, wages are paid on a weekly basis (40 hours per week) at a guaranteed hourly rate
of RM2.80. It is estimated that the time required to manufacture a particular product was 12 minutes.
However, the time allowed of 25% is to be added (for normal idle time, setting up time, etc.). During
the first week of June 2020, Roslan produced 250 units of the product.
Required:
Compute Roslan's wages for the particular week using the following methods of wage payment:
a. time rate.
[2 marks]
b. piece rate with a guaranteed weekly wage.
[3 marks]
c. Halsey's premium bonus scheme.
[5 marks]
Answer:
Andalusia LtdWages based on:a. Time rate = RM 2.80 x 40 hours = RM 112
b. Piece Rate = RM 0.70 x 250 units = RM 175
c. Halsey premium bonus scheme:
Pay per hour = RM 2.80,
Therefore Wages = Normal Wages + Bonus
= (RM 2.80 x 40) + 50% (RM 2.80 x 22.5)
= RM 112 + 31.5 = RM 143.50
Explanation:
a) Time for each product unit = 12
Piece rate = RM 2.80/60 x 15 = RM 0.70 per unit
b) Under Halsey Premium Bonus Scheme:
Hours used in production = 40 hours
Hours for producing 250 units = 62.5 hours
Gain in hours = 22.5 hours (62.5 - 40)
c) Time rates are wages based on the amount of time spent at work. The usual form of time rate is the weekly wage or monthly salary. Usually the time rate is fixed in relation to a standard working week (e.g. 40 hours per week).
d) Wages based on piece rate (also known as piecework) is a pay based on number of units or pieces created rather than the number of hours worked. In other words, the more “pieces” an employee produces, the more the employee is paid.
e) Under Halsey Plan, the standard time for the completion of a job is fixed and the rate per hour is then determined. The usual bonus share paid to the worker is 50% of the time saved multiplied by the rate per hour (time-rate).
Park Co. is considering an investment that requires immediate payment of $21,705 and provides expected cash inflows of $6,700 annually for four years. Assume Park Co. requires a 7% return on its investments.
Required:
What is the net present value of this investment?
Answer:
The net present value of this investment is $989.32
Explanation:
The Net Present Value is calculated by taking the Present Day (discounted) value of all future net cash flows based on the business cost of capital and subtracting the initial cost of investment.
Input Value Cash flow
CF0 ($21,705)
CF1 $6,700
CF2 $6,700
CF3 $6,700
CF4 $6,700
Cost of Capital = 7%
Input the values in a financial calculator we get the result;
Net present value = $989.3154
= $989.32
Conclusion :
The net present value of this investment is $989.32
Invested assets, beginning $ 2,692 $ 4,485 Invested assets, ending 2,608 4,415 Sales 2,696 3,940 Operating income 364 649 Assume that each of the company’s divisions has a required rate of return of 5%. Compute residual income for each division
Answer and Explanation:
The computation of the residual income for each division is shown below:
As we know that
Residual income = Operating income - target income
where,
Operating income is given in the question
And, the target income could be calculated by
= Average invested assets × required rate of return
Now
Particulars Beverage Cheese
Division Division
Average assets
{(Open + closing) ÷ 2} $2,650 $4,450
Required rate of return 5% 5%
Target income $132.50 $222.50
So, the residual income is
Particulars Beverage Cheese
Division Division
Operating income $364 $649
Less:
Target income -$132.50 -$222.50
Residual income $231.50 $426.50
A 10-year (zero-coupon) Treasury bill with face value of $100 per share is selling at $70.89 per share. There is a 10-year corporate bond with a 5% coupon rate and face value of $100 per share. The coupon payment is every 12 months. The price of the bond is $96.23 per share. The 10-year, zero coupon Treasury bills are selling at $70.89. What is the bond's yield to maturity?
Answer:
3.5%
Explanation:
the yield to maturity of a zero coupon bond is calculated using the following formula:
YTM = (face value / current market value)¹/ⁿ - 1
YTM = ($100 / $70.89) ¹/¹⁰ - 1 = 3.5%
the way you can check if your calculations were correct is to find the future value of the bond using the YTM = $70.89 x (1 + 3.5)¹⁰ = $99.997 ≈ $100
The folowing information apples to the questions displayed bełow The financial statements for Highland Corporation included the folowing selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,600,000 $ 900,000 1,000,000 90,000 80,000 $ 800,000 The common stock was sold at a price of $30 per share.
Required: 1. What is the amount of additional paid-in capital?
Answer:
The amount of additional paid-in capital is $800,000
Explanation:
1. In order to calculate the amount of additional paid-in capital we would have to make the following calculation:
additional paid-in capital=Total stock price-Common stock
Total stock price=Shares outstanding*sold price common stock
Total stock price=80,000*$30
Total stock price=$2,400,000
Therefore, additional paid-in capital=$2,400,000-$1,600,000
additional paid-in capital=$800,000
The amount of additional paid-in capital is $800,000
Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 6.8 percent thereafter. If the required return is 15 percent and the company just paid a dividend of $3.15, what is the current share price
Answer:
The current price of the share is $69.85
Explanation:
To calculate the current share price, we will use the dividend discount model approach.
The dividend discount model (DDM) estimates the value of a share/stock based on the present value of the expected future dividends from the stock. We will use the two stage growth model of DDM here as the growth in dividends of the stock is divided into two stages.
The formula for current price under two stage growth model is,
P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n +
[( D0 * (1+g1)^n * (1+g2)) / (r - g2)] / (1+r)^n
Where,
g1 is initial growth rateg2 is the constant growth rater is the required rate of returnSo, the price of the stock today will be,
P0 = 3.15 * (1+0.29) / (1+0.15) + 3.15 * (1+0.29)^2 / (1+0.15)^2 +
3.15 * (1+0.29)^3 / (1+0.15)^3 +
[( 3.15 * (1+0.29)^3 * (1+0.068)) / (0.15 - 0.068)] / (1+0.15)^3
P0 = $69.85196 rounded off to $69.85
Due to population shifts, Select one: a. businesses that cater to older consumers will see slower growth. b. health care will emerge as the only business sector that will grow. c. businesses that sell electronic devices will see a significant decline. d. businesses that cater to older consumers will see higher growth.
Answer: d. businesses that cater to older consumers will see higher growth
Explanation:
The trend in the Developed World is that of lower birth rates and higher life expectancies. This has and will keep leading to more of the population being from the Older generation. This is a population shift towards the older generation.
Should this happen, Businesses and products that were made for the older generation will see their business grow as they will have more customers which equates to more demand which equates to higher profitability.
Read the following paragraphs about four films and then identify the purpose of each paragraph: to summarize, to analyze, to synthesize, or to evaluate.
1. This film could easily have been cut down to less than two hours. By the final scene, I noticed that most of my fellow moviegoers were snoozing in their seats and were barely paying attention to what was happening on screen. Although the director sticks diligently to the book, he tries too hard to cram in all the action, which is just too ambitious for such a detail-oriented story. If you want my advice, read the book and give the movie a miss.
2. During the opening scene, we learn that the character Laura is adopted and that she has spent the past three years desperately trying to track down her real parents. Having exhausted all the usual options—adoption agencies, online searches, family trees, and so on—she is on the verge of giving up when she meets a stranger on a bus. The chance encounter leads to a complicated chain of events that ultimately result in Laura getting her lifelong wish. But is it really what she wants? Throughout the rest of the film, Laura discovers that sometimes the past is best left where it belongs.
3. To create the feeling of being gripped in a vice, the director, May Lee, uses a variety of elements to gradually increase the tension. The creepy, haunting melody that subtly enhances the earlier scenes becomes ever more insistent, rising to a disturbing crescendo toward the end of the movie. The desperation of the actors, combined with the claustrophobic atmosphere and tight camera angles create a realistic firestorm, from which there is little hope of escape. Walking out of the theater at the end feels like staggering out of a Roman dungeon.
4. The scene in which Campbell and his fellow prisoners assist the guards in shutting down the riot immediately strikes the viewer as unrealistic. Based on the recent reports on prison riots in both Detroit and California, it seems highly unlikely that a posse of hardened criminals will intentionally help their captors at the risk of inciting future revenge from other inmates. Instead, both news reports and psychological studies indicate that prisoners who do not actively participate in a riot will go back to their cells and avoid conflict altogether. Examples of this lack of attention to detail occur throughout the film, making it almost unbearable to watch.
Answer: 1. To Evaluate
2. To Summarize
3. To Synthesize
4. To Analyze
Explanation:
1. When evaluating a work the main goal is to determine its worth and this is usually done based on previous perceptions as well as set standards. The person is statement 1 gives their opinion of the movie basing it off of the director being too ambitious. They give the film a low value because people were sleeping through it and then offer their opinion that the book should be read and the movie avoided.
2. When summarising the main purpose is to convert the large amount of information available to a smaller and more concise format from which the main idea of the work can be discovered immediately. The owner of the second statement made you as the reader know what happened in the film in not too many words so you get the main idea.
3. When works are synthesized, the author makes note of different things and then brings them together to form something entirely new. The author of this statement notes how the various elements were used to entice the viewer such as the music, the actions of the actors, and the tight camera angles. These are things were not central to the movie but the author made note of them and created a whole new narrative of why the movie was so successful.
4. When analyzing, the work is broken down into its composite parts to see how and if the parts go together. The author of the statement breaks the film down into a composite part which was when the prisoners helped the guards in shutting down the riots. The author then proceeded to explain how this part is not logical and then related this to the entire movie showing that the author also dissected other parts of the film and saw similar behavior.
After reading the following paragraphs about four films and then identifying the purpose of each paragraph the conclusion made is:
1. To Evaluate
2. To Summarize
3. To Synthesize
4. To Analyze
The explanation for the following answers are:
1. The fundamental purpose of evaluating a work is to determine its value, which is usually done based on previous perceptions as well as established standards.
Statement 1 expresses their assessment of the film, citing the director's overabundance as a reason. They give the film a low rating because people were sleeping through it, and then recommend that people read the book instead of watching the movie.
2. The fundamental goal of summarizing is to reduce the enormous amount of material provided to a smaller, more concise format from which the work's key point may be discovered quickly.
The owner of the second statement made you, the reader, aware of what occurred in the film in a few words, allowing you to grasp the key point.
3. When a piece is synthesized, the creator takes notes on several elements and then combines them to create something altogether new. The author of this statement discusses how numerous components, such as music, actor actions, and tight camera angles, were utilised to lure the audience.
These were not crucial to the film, but the author took note of them and built a whole new story about why the film was so popular.
4. When examining a piece of work, it is disassembled into its component components to see how and if they fit together. The statement's author divides the film into a composite section during which the inmates assisted the guards in putting an end to the rioting.
The author then went on to explain why this aspect isn't rational, and then connected it to the rest of the movie, demonstrating that he deconstructed other parts of the movie and noticed similar behavior.
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g in computing the present value of lease payments, the lessee shoulduse the lessee's incremental borrowing rate unless the lessor's implicit interest rate is known to the lessee. expected rate of return. settlement rate. none of these answer are correct
Answer:
b on edg
Explanation:
Using $3,000,000 as the total manufacturing costs, compute the cost of goods manufactured using the following information.
Raw materials inventory, January 1 $ 20,000
Raw materials inventory, December 31 40,000
Work in process, January 1 18,000
Work in process, December 31 12,000
Finished goods, January 1 40,000
Finished goods, December 31 32,000
Raw materials purchases 1,700,000
Direct labor 760,000
Factory utilities 150,000
Indirect labor 50,000
Factory depreciation 400,000
Operating expenses 420,000
a. $3,014,000
b. $3,006,000
c. $3,008,000
d. $2,994,000
Answer:
$3,006,000
Explanation:
The computation of cost of goods manufactured is shown below:-
Cost of Goods Manufactured = Gross Manufacturing Cost + Opening Work in progress - Closing work in progress
= $3,000,000 + $18,000 - $12,000
= $3,006,000
Therefore for computing the cost of goods manufactured we have applied the above formulas and ignore all other values as they are not relevant.
Your firm has net income of $385 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow
Answer:
Operating cash flow= 305.5
Explanation:
Giving the following information:
Your firm has net income of $385 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 30 percent.
EBITDA= 385
Depreciation= (120)
EBIT= 265
Tax= (0.3*265)= (79.5)
Depreciation= 120
Operating cash flow= 305.5
A firm considers to buy a machine in 2020. The cost of that machine is $ 5 000 000. The firm uses 5 year straight line depreciation which allows it to write off $ 1 000 000 depreciation expense each year. The firm is subject to 20% corporate tax rate. The firm's revenue in 2021 is expected to be $ 6 000 000 if the investment is not done. The revenue will be $ 9 000 000 if the investment is done. The firm's total costs (including both COGS and General&Administrative Costs) will be $ 4 000 000 if the investment is not done. The total costs will be $ 5 500 000 if the investment is done. Also the following information is given for the year 2021
Without Investment With Investment
Inventories $ 300 000 $ 500 000
Acc. Receivables $ 200 000 $ 300 000
Acc. Payables $ 100 000 $ 150 000
Given the above information, calculate the free cash flow of that investment for the years 2020 and 2021.
Answer and Explanation:
The computation of the free cash flow of the investment for the year 2020 and 2021 is shown below:
Particulars Case 1 Case 2
Without Investment With Investment
Add: Earnings Before
Interest and
Tax × (1 - Tax Rate) $2,000,000 $2,500,000
Add: Non Cash Expenses $0 $1,000,000
less: Change in
(Current Assets
- Current Liabilities) ($400,000) ($650,000)
Less: Capital Expenditure $0 ($5,000,000)
Free Cash Flows $1,600,000 ($2,150,000)
Working notes:
1.
Particulars Without Investment With Investment
Revenue for the Year 2021 $6,000,000 $9,000,000
Less: Cost of Goods Sold $4,000,000 $5,500,000
(-) Depreciation $0 $1,000,000
Earnings Before
Interest and Tax $2,000,000 $2,500,000
Tax Savings on Depreciation
(Depreciation × 20%) $0 $200,000
2.
Current Assets Without Investment With Investment
Inventories $300,000 $500,000
Accounts Receivable $200,000 $300,000
Total $500,000 $800,000
(Less: Current Liabilities)
Accounts Payable $100,000 $150,000
Less: Change in
(Current Assets
- Current Liabilities) $400,000 $650,000
Ajax Inc. was formed on April 25 and elected a calendar year for tax purposes. Ajax paid $11,200 to the attorney who drew up the articles of incorporation and $5,100 to the CPA who advised the corporation concerning the accounting and tax implications of its organization. Ajax began business operations on July 15. To what extent can Ajax deduct its $16,300 organizational costs on its first tax return
Answer: $5,377
Explanation:
$5,000 can be deducted from Ajax inc. $16,300 organizational costs and must capitalize the $11,300 which remains.
The capitalized cost can be amortized for a period of 180 months at a rate of $62.78 per month.
If Ajax inc. decides to follow this direction, Ajax can also deduct $377 amortization this sums up to
(6 months × $62.78).
Ajax inc. can save $377 more by deducting $5,377 organizational cost from its first tax return.
During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts Receivable showed a $16,000 debitbalance, and the allowance for Doubtful Accounts showed a $900 credit balance. Collections of accounts receivable during 2012 amounted to $60,000.
Data during 2012 follows:
a. On December 31, 2012, an Account Receivable (J. Doe) of $1,700 from a prior year was determined to be uncollectable; therefore, it was written off immediately as abad debt.
b. On December 31, 2012, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 1.5 percent of creditsales for the year.
REQUIRED:
1. Give the required journal entries for the two items on December 31, 2012 (end of the accounting period).
2. Show how the amounts related to Accounts Recievable and Bad Debt Expense would be reported on the income statement and balance sheet for 2012. Disregard income taxconsiderations.
3. On the basis of the data available, does the 1.5 percent rate appear to be reasonable? Explain
Answer:
1) December 31, 2012, bad debt write off
Dr Bad debt expense 1,700
Cr Accounts receivable 1,700
December 31, 2012
Dr Bad debt expense 1,125
Cr Allowance for doubtful accounts 1,125
2) Bad debt expense must be recorded in the income statement and it reduces net income. Both transactions reduce net accounts receivable on the balance sheet.
3) It doesn't seem to be appropriate because just one bad account (J. Doe) was higher than 1.5%. A large % of accounts receivable is still outstanding (= $27,275 / $75,000 = 36.4%) and they should include approximately four months of credit sales. This means that unless the company issues a very long credit, a much larger percent is past due.
Explanation:
net accounts receivable January 1, 2012 = $15,100
credit sales 2012 = $75,000
collections on accounts receivable $60,000
net accounts receivable December 31 = $15,100 + $75,000 - $60,000 - $1,700 - $1,125 = $27,275