A government-owned company may have an unfair advantage over a privately owned company because it could:

Answers

Answer 1

Answer:

Government companies may have unfair advantage over private companies, as - financial support from government, public confidence & public capital raise ease

Explanation:

A government-owned company may have an unfair advantage over a private owned company because -

Have financial assistance from government in case of less or non profitability, inefficiency, non performing assets

On the other hand, having more public confidence, public companies are likely to get publically raised capital (through shares, debentures) etc more easily.


Related Questions

Lemon Corporation generated $324,600 of income from ordinary business operations. It also sold several assets during the year. Compute Lemon’s taxable income under each of the following alternative assumptions about the tax consequences of the asset sales.

a. Lemon recognized a $5,500 capital gain and a $7,400 net Section 1231 loss.
b. Lemon recognized a $6,500 capital loss and a $4,700 net Section 1231 gain.
c. Lemon recognized a $2,500 capital gain, a $3,900 capital loss, and a $3,000 net Section 1231 gain.
d.Lemon recognized $4,000 of depreciation recapture, a $2,000 Section 1231 gain, and a $4,200 Section 1231 loss.

Answers

Answer:

a. Lemon’s taxable income = $322,700

b. Lemon’s taxable income = $324,600

c. Lemon’s taxable income = $326,200

d. Lemon’s taxable income = $326,400

Explanation:

Before the questions are answered, the provisions of section 1231 of the Internal Revenue Service (IRS) rules are quoted as follows:

- If you have a net section 1231 loss, it is an ordinary loss.

- If you have a net section 1231 gain, it is ordinary income up to the amount of your unrecaptured section 1231 losses from previous years. The rest, if any, is a long-term capital gain.

Therefore, net section 1231 loss which is an ordinary loss is deducted from ordinary business operations to obtain taxable income.

Also, we describe the following:

Taxable income can be described as the amount of income that is employed to calculated the amount of tax that is payable to the government by an individual or a company in a particular tax year. It is obtained after making all required additions and allowable deductions.

Capital gain can be described as an increase in the value of a capital asset which is realized when the asset is sold. For tax purposes, capital gain is added to the income from ordinary business operations to obtain taxable income.

Capital loss can be described as a decrease in the value of a capital asset which is recognised when the asset is sold. For tax purposes, capital loss is deducted from the income from ordinary business operations to obtain taxable income.

We therefore proceed as follows:

a. Lemon recognized a $5,500 capital gain and a $7,400 net Section 1231 loss.

From the question, we have the following:

Income from ordinary business operations = $324,600

Capital gain recognised = $5,500

Net Section 1231 loss recognised = $7,400

Based on the explanation provided above, Lemon’s taxable income under this scenario is therefore calculated as follows:

Lemon’s taxable income = Income from ordinary business operations + Capital gain recognised - Net Section 1231 loss recognised = $324,600 + $5,500 - $7,400 = $322,700

b. Lemon recognized a $6,500 capital loss and a $4,700 net Section 1231 gain.

From the question, there is nothing related past five years stated and it is therefore assumed that there is no net section 1231 loss in the past five years.

As result, the total of $4,700 net Section 1231 gain is regarded as a capital gain and it is set-off against the $6,500 capital loss as follows to obtain the non-deductible expense as follows:

Non-deductible expense = $6,500 - $4,700 = $1,800

Since there is nothing deductible again, Lemon’s taxable income under this scenario is therefore equal to the income from ordinary business operations of $324,600. That is,

Lemon’s taxable income = $324,600

c. Lemon recognized a $2,500 capital gain, a $3,900 capital loss, and a $3,000 net Section 1231 gain.

Since no net section 1231 loss in the past five years is indicated here, the $3,000 net Section 1231 gain will be treated as a long-term capital gain.

Based on the provisions of section 1231 of the Internal Revenue Service (IRS) rules quoted above, non-deductible expense is calculated by deducting the $3,900 capital loss to the extent of the $2,500 capital gain as follows:

Non-deductible expense = $3,900 - $2,500 = $1,400

Since the $3,000 net Section 1231 gain has to be treated as a long-term capital gain, the $1,400 will be deducted from it obtain the net capital gain as follows:

Net capital gain = $3000 - $1400 = $1600

Lemon’s taxable income under this scenario is therefore calculated by adding the $1,600 net capital gain to the $324,600 income from ordinary business operations as follows:

Lemon’s taxable income = $324,600 + $1600 = $326,200

d. Lemon recognized $4,000 of depreciation recapture, a $2,000 Section 1231 gain, and a $4,200 Section 1231 loss.

We have the following:

Section 1231 loss = $4,200

Section 1231 gain = $2,000

Therefore, we have:

Net section 1231 loss = Section 1231 loss - Section 1231 gain = $4,200 - 2,000 = $2,200

This net section 1231 loss of $2,200 is therefore treated as ordinary loss as already stated in the provisions of section 1231 of the Internal Revenue Service (IRS) rules quoted above and deducted from the $324,600 income from ordinary business operations.

In addition, the depreciation recapture of $4,000 will be treated as ordinary income and it will be added to the $324,600 income from ordinary business operations.

Lemon’s taxable income under this scenario is therefore calculated as follows:

Lemon’s taxable income = Income from ordinary business operations + Depreciation recapture - Net section 1231 loss = $324,600 + $4,000 - $2,200 = $326,400

Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016.
Crane Company Sheridan Company
2017 2016 2017 2016
Net sales $1,855,000 $596,000
Cost of goods sold 1,063,000 291,000
Operating expenses 265,000 89,000
Interest expense 8,600 3,200
Income tax expense 74,900 35,000
Current assets 534,599 $512,352 136,671 $130,326
Plant assets (net) 863,952 820,000 229,154 206,332
Current liabilities 08,773 124,337 57,971 49,661
Long-term liabilities 186,944 147,600 48,577 41,000
Common stock, $10 par 820,000 820,000 196,800 196,800
Retained earnings 282,834 240,416 62,477 49,197
Prepare a vertical analysis of the 2017 income statement data for Crane Company and Sheridan Company.

Answers

Answer:

Please see attached.

Explanation:

Please see attached vertical analysis of the 2017 income statement data for Crane company and Sheridan company.

Note: The percent for each company - Crane and Sheridan is arrived at by dividing each item( expense or income) by sales multiplied by 100.

For instance for Crane, the percentage for Gross profit is = ($792,000 / $1,855,000 ) × 100

= 42.7%

It is important that marketers be able to identify which strategy a competitor is using so that they better understand how to position their own products and services. You will see a list of recent or potential strategic decisions made by large firms, and your job is to identify which type of strategy was used in each example.

While there are a variety of strategies across industries, most fall under four basic categories.

1. Market penetration strategies emphasize selling more existing products and services to existing customers.
2. Product development strategies involve creating new goods or services for existing markets.
3. Market development strategies focus on selling existing products or services to new customers. The targeted new customers could be a different gender, age group, or international market.
4. Finally, diversification strategies involve offering new products that are unrelated to the existing products produced by the organization.


Select the most appropriate category of emotional intelligence for below mention behaviors.

i. Arm and Hammer selling baking soda for new purposes.

a. Market penetration
b. Product development
c. Market development
d. Diversification

ii. Apple opening mini-stores within Target

a. Market penetration
b. Product development
c. Market development
d. Diversification

iii. Disney purchasing ESPN

a. Market penetration
b. Product development
c. Market development
d. Diversification

Answers

Answer:

1. Market development

2. Market penetration

3. Diversification

Explanation:

we have already been given a definition of these concepts from question

1.

for Ann and hammer: it is market development because they are trying to create a product for new purposes

2.

for apple: since they are opening mini stores within target they are trying to have an expansion approach where more products and services would be sold to their customers.

3.

for disney: they are diversifying into a new product entirely. ESPN is a well known channel for sporting related activities.

The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
Accounts Debit Credit
Cash $12,000
Accounts Receivable 150,000
Prepaid Rent 6,000
Supplies 30,000
Equipment 400,000
Accumulated Depreciation $135,000
Accounts Payable 12,000
Salaries Payable 11,000
Interest Payable 5,000
Notes Payable (due in two years) 40,000
Common Stock 300,000
Retained Earnings 60,000
Service Revenue 500,000
Salaries Expense 400,000
Rent Expense 20,000
Depreciation Expense 40,000
Interest Expense 5,000
Totals $1,063,000 $1,063,000
Accounts Debit Credit
Service Revenue 500,000
Salaries Expense 400,000
Rent Expense 20,000
Depreciation Expense 40,000
Interest Expense 5,000
Total $1,063,000 $1,063,000
Required:
1. Prepare an income statement for the year ended December 31, 2021.
2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common stock was issued during 2021.
3. Prepare a classified balance sheet as of December 31, 2021.

Answers

Answer:

Please see answers below

Explanation:

1. Prepare an income statement for the year ended, December 31, 2021

Fightin' Blue Hems Corporation, Income statement for the year ended, December 31, 2021.

Details

$

Service revenue

500,000

Salaries expense

400,000)

Rent expense

20,000)

Depreciation expense

40,000)

Interest expense

5,000)

Earnings for the year

35,000

2. Prepare a statement of stockholder's equity for the year ended, 31, December, 2021

Fightin' Blue Hens Corporation statement of stockholder equity for the year ended , December 31, 2021.

Details

$

Common stock

300,000

Retained earnings

60,000

Earnings for the year

35,000

Stockholder equity

395,000

3. Prepare a classified balance sheet as at 31, December

Fightin' Blue Hens Corporation, classified balance sheet for the hear ends, December 31, 2021.

Details

$

Fixed assets

Equipment

400,000

Accumulated depreciation

135,000

Net fixed assets

265,000

Current assets

Cash

12,000

Accounts receivables

150,000

Prepaid rent

6,000

Supplies

30,000

Total current assets

198,000

Current liabilities

Accounts payable

($12,000)

Salaries payable

(11,000)

Interest payable

(5,000)

Working capital

170,000

Long term liabilities

Notes payable (due in two years)

(40,000)

Net total assets

395,000

Financed by;

Common stock

300,000

Retained earnings

60,000

Earnings for the year

35,000

Stockholder equity

395,000

QUESTION 2 / 10
Which of the following is the BEST reason to use cash for making purchases?
A. Keeping track of how much you have spent is simple.
B. Splitting bills with friends is easier.
C. Getting more cash from an ATM machine is easy to do.
D. Knowing what you have spent your money on is
simple.

Answers

A. Would be the best answer

The best reason to use cash for making purchases is keeping track of how much you have spent is simple. Thus, option A is correct.

What is purchases?

Purchasing is the process through which a company or organization acquires products or services in order to achieve its objectives. Although numerous organizations seek to establish standards in the purchasing process, practices can vary widely amongst firms.

Cash makes budgeting and sticking to it simpler. When you pay with cash that you've planned for purchases, it's easy to keep track of where your money is going. It's also eye-opening and keeps you grounded in terms of how much money is going out vs coming in from week to week or month to month.

The main incentive to utilize cash for purchases is that it is simple to keep account of the amount you have spent. As a result, option A is correct.

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The given statements pertain to aggregate supply and aggregate demand. Label each statement as being either true or false.
Statement 1: An increase in the cost of energy affects both aggregate supply and aggregate demand.
A. True
B. False
Statement 2: One of the factors that increase aggregate demand is the consumption of more imports.
A. True
B. False
Statement 3: If the value of people's stock portfolios increases or if peoples houses appreciate in value, then this very easily could lead to an increase in aggregated demand.
A. True
B. False

Answers

Answer:

Statement 1: An increase in the cost of energy affects both aggregate supply and aggregate demand.

A. True

An increase in energy costs reduces both aggregate supply and demand.

Statement 2: One of the factors that increase aggregate demand is the consumption of more imports.

B. False

If net exports decrease (exports - imports), then the aggregate demand curve will shift to the left, which means it will decrease.

Statement 3: If the value of people's stock portfolios increases or if peoples houses appreciate in value, then this very easily could lead to an increase in aggregated demand.

A. True

This would lead to an increase in the net worth of households, which generally leads to higher spending.

Alice and Bob entered into a forward contract some time ago. Alice has the long position, while Bob has the short position. The forward contract will mature in three months and has a delivery price of $40. The current forward price for the contract is $42. The three-month risk-free interest rate (with continuous compounding) is 8%. What is the value Bob's position?

Answers

Answer:

$ - 1.96

Explanation:

After three months, Alice (long the contract) can buy the underlying by paying the delivery price of $40 which is $2 less than $42 the long position would have to pay if the contract was entered today.

DATA

Delivery price = $40

The three-month risk-free interest rate (with continuous compounding) =8%.

The current forward price = $42

Solution

So based on the present situation, Alice would be in $2 profit at the end of 3 months and Bob would be in $2 loss

Present value of Bob's loss (with continuous compounding) = 2\times e^{-0.08\times 0.25}

Present value of Bob's loss (with continuous compounding) = $1.96

The value of Bob's position is $ - 1.96

On January 1, 2021, Marigold Corp. had 461,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.

February 1 Issued 124,000 shares
March 1 Issued a 10% stock dividend
May 1 Acquired 104,000 shares of treasury stock
June 1 Issued a 3-for-1 stock split
October 1 Reissued 61,000 shares of treasury stock

Required:
Determine the weighted-average number of shares outstanding as of December 31, 2021.

Answers

Answer:

Marigold Corp.

Weighted-average number of shares outstanding as of December 31, 2021:

Date           Outstanding Shares             Number   Weight     Weighted

January 1,   Beginning                             461,000    12/12         461,000

February 1  Issue of new                        124,000     11/12          113,667    

March 1      Stock dividend                      58,500     10/12          48,750

May 1         Treasury stock                    -104,000      8/12         -69,333

June 1        Issue 3-for-1 split               1,618,500      7/12         944,125

October 1  Reissue of Treasury Stock    61,000      3/12          15,250

Dec. 31     Total Outstanding shares 2,219,000         12      1,513,459

Explanation:

a) Data and Calculations:

Date           Outstanding Shares            Number

January 1,  Beginning                              461,000

February 1 Issue of new                         124,000

March 1     Stock dividend                       58,500 (10% of 461,000 + 124,000)

May 1        Treasury stock                     -104,000

June 1       Issue 3-for-1 split                1,618,500 (539,500 x 3)

October 1 Reissue of Treasury Stock     61,000

Dec. 31     Total Outstanding shares 2,219,000

b) The months remaining to the end of the year are used to assign weights to the shares.

If a Treasury note has a bid price of $975, the quoted bid price in the Wall Street Journal would be

Answers

Answer:

the quoted bid price would be 97:16

Explanation:

the quoted ask price will be 97:50

The quoted bid price is the price at which buyers are willing to purchase a security, while the quoted ask is the price at which sellers are willing to sell their securities. There is always a difference between both of them, and it is called the spread.

A Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $26,900. The South Division's divisional segment margin is $42,800 and the West Division's divisional segment margin is $29,900. What is the amount of the common fixed expense not traceable to the individual divisions

Answers

Answer:

$45,800

Explanation:

Common fixed expense not traceable to the individual divisions = South division's divisional segment margin + west division's divisional segment - corporation's net operating income

Common fixed expense not traceable to the individual divisions = $42,800 + $29,900 - $26,900

Common fixed expense not traceable to the individual divisions = $45,800

If the college strictly enforces the rent ceiling of ​$250 a​ month, the​ on-campus housing market is​

Answers

Answer: B. inefficient; the rent ceiling has no effect on the number of rooms rented

Explanation:

If the college strictly enforces the rent ceiling of ​$250 a​ month, the​ on-campus housing market is​ inefficient because the rent ceiling has no effect on the number of rooms rented.

An efficient market will see equilibrium supply meting equilibrium demand and this is not the case in this market because the supply seems to stay the same regardless of the demand.

This market is inefficient because supply does not react to the rent paid and is always the same. This is why a rent ceiling of $250 had no effect on the market in terms of supply. Efficient markets should see both supply and demand reacting to price so that a mutually beneficial equilibrium can be reached.

Sheridan Company pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Sheridan accrues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2020 are as follows: Last payroll was paid on 12/26/20, for the 2-week period ended 12/26/20. Overtime pay earned in the 2-week period ended 12/26/20 was $24000. Remaining work days in 2020 were December 29, 30, 31, on which days there was no overtime. The recurring biweekly salaries total $444000.
Assuming a five-day workweek, Sheridan should record a liability at December 31, 2020 for accrued salaries of:_________.
a. $266400
b. $290400
c. $133200
d. $157200

Answers

Answer:Sheridan should record a liability at December 31, 2020 for accrued salaries of =d. $157200

Explanation:

Since there are 5 workdays in a week

we consider First, Workdays Biweekly (Two weeks)

= 5 work days per week X 2 = 10 days  

then the Remaining work  days in 2020 for December 29,30 and 31 = 3 days

Accrued salaries = Recurring biweekly salaries/10 days X 3 days + Overtime pay earned in the 2-week period ended 12/26/20

$444,000/10 days x 3 days   +  $24000  

$133,200 +$24000

= $157,200

The revenues budget identifies: a. expected cash flows for each product b. actual sales from last year for each product c. the expected level of sales for the company d. the variance of sales from actual for each product

Answers

Answer:

c. the expected level of sales for the company

Explanation:

Revenue/Sales Budget is the first budget to be prepared by most companies because most businesses are sales led.

This Budget shows, the expected level of sales for the company.

The following inventory valuation errors have been discovered for Knox Corporation:
The 2015 year-end inventory was overstated by $23,000
The 2016 year-end inventory was understated by $61,000
The 2017 year-end inventory was understated by $17,000
The reported income before taxes for Knox was:
Year: Income before Taxes:
2015 $138,000
2016 $254,000
2017 $168,000
Required:
Compute what income before taxes for 2015, 2016, and 2017 should have been after correcting for the errors.

Answers

Answer:

Income +/- inventory adjustment

2015:   138,000 - 23,000 = 115,000

2016:  254,000 + 61,000 = 315,000

2017:   168,000 + 17,000 = 185,000

Explanation:

Inventory Identity:

Beginning + Purchases = Ending + COGS

As the mistake is on the right side it compensates by the other component which is COGS

When the inventory is overstated this means COGS is understated.

We didn't record the cost of good sold thefore our gross profit is higher making the net income higher.

When the inventory is understated this means COGS is overstated.

We record more cost of goods sold thefore our gross profit is lower making the net income fewer as well.

Thirteen students entered the business program at Sante Fe College 2 years ago. The following table indicates what each student scored on the high school SAT math exam and their​ grade-point averages​ (GPAs) after students were in the Sante Fe program for 2 years.
Student A B C D E F G
SAT Score 421 375 585 693 608 392 418
GPA 2.93 2.87 3.03 3.42 3.66 2.91 2.12
Student H I J K L M
SAT Score 484 725 506 613 706 366
GPA 2.50 3.24 1.97 2.73 3.88 1.58 ​
The​ least-squares regression equation that shows the best relationship between GPA and the SAT score is:________ ​(round your responses to four decimal ​places)​

Answers

Answer:

ŷ = 0.0035X + 1.0030

Explanation:

Given the data :

Student A B C D E F G H I J K L M

SAT Score: 421 375 585 693 608 392 418 484 725 506 613 706 366

GPA: 2.93 2.87 3.03 3.42 3.66 2.91 2.12 2.50 3.24 1.97 2.73 3.88 1.58 ​

We can obtain the Least square regression calculator, we can obtain the least square regression equation in the Format :

y = mx + c

Where ; m = gradient / slope

x = predictor variable ; c = intercept

y = Independent variable.

The model equation produced by the calculator is :

ŷ = 0.0035X + 1.0030

y predicted variable ; x = explanatory variable

0.0035 = slope or gradient ; 1.0030 = intercept

The Correct Answer is: ŷ = 0.0035X + 1.0030Given the data that is:Then Student is A B C D E F G H I J K L M sat score is421 375 585 693 608 392 418 484 725 506 613 706 366GPA :That is 2.93 2.87 3.03 3.42 3.66 2.91 2.12 2.50 3.24 1.97 2.73 3.88 1.58 ​Then We can obtain the Least square regression calculator, we can obtain the least square regression equation in the Format is :Then y = mx + cWhere; m = gradient / slopeThen x is = predictor variable ; c = intercepty is = Independent variable.After that The model equation produced by the calculator is :Then ŷ is = 0.0035X + 1.0030Now y predicted variable; x is = explanatory variableThus, 0.0035 = slope or gradient ; 1.0030 = intercept

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The City of Waterville applied for a grant from the state government to build a pedestrian bridge over the river inside the city’s park. On May 1, the city was notified that it had been awarded a grant of up to $200,000 for the project. The state will provide reimbursement for allowable expenditures. On May 5, the special revenue fund entered into a short-term loan with the General Fund for $200,000 so it could start bridge construction. During the year, the special revenue fund expended $165,000 for allowable bridge construction costs, for which it submitted documentation to the state. Reimbursement was received from the state on December 13, 2017.

Required:
For the special revenue fund, provide the appropriate journal entries, if any, that would be made for the following.

a. May 5, 2017, loan from General Fund.
b. During FY 2017, bridge expenditures and submission of reimbursement documentation.
c. December 13, 2017, receipt of the grant reimbursement funds.
d. December 31, 2017, adjusting and closing entries.

Answers

Answer:

The City of Waterville

a. May 5:

Debit Cash $200,000

Credit InterFund Loan Payable $200,000

To record the loan from the general fund.

b. Debit Bridge Expenditure $165,000

Credit Vouchers Payable $165,000

To record the bridge expenditure for the year.

Debit Grant Receivable from State $165,000

Credit Grant Revenue $165,000

To record the submission of documentation for reimbursement.

c. Debit Cash $165,000

Credit Grant Receivable from State $165,000

To record the receipt of grant reimbursement.

d. Debit Revenues $165,000

Credit Expenditures $165,000

To record the revenues received and the expenditures.

Explanation:

The City of Waterville's application does not attract any journal entries.  No journal entries are also made on May 1 when the city was notified of the grant award.  Journal records are made from May 5 when the short-term loan arrangement was concluded with the General Fund.

definition of observant in entrepreneur characteristics​

Answers

Answer:

In Entrepreneur characteristics, observant refers to the ability to quickly notice a certain pattern or unusual situation.

This skill is important because of these two following reasons:

- It helped the entrepreneur notice an existing trend. This trend could represent the things that are currently favored by the consumers in a certain market. Understanding trend will help you creating a product that can fit into that trend.

- It also help the entrepreneur notice the problems that occur internally. For example, being observant will help the entrepreneur notice the  negative emotion that the employees experience when facing a certain problem. After noticing this, the entrepreneur could develop some sort of strategy to lift their spirit.

Assessment
A customer hands you $3,850 in cash and would like to purchase 14 prepaid cards of
$275 each. The customer hands you the cash with an expired ID, and is expecting you to
process the transaction.
You must decline the transaction for the following reasons: (Select all that apply)
A customer may not purchase more than $2,000 in prepaid cards within a 24-hour period.
We do not sell prepaid cards.
The POS will prompt for customer ID for all prepaid card purchases.
Customer ID must be a valid (not expired) government issued photo ID (US or Canadian
issued driver's license, state ID, passport; US military ID, US Territory ID)
The customer appears to be purchasing prepaid cards just below the threshold where an ID
would be needed.
The customer is attempting to purchase more than the allowable number of gift cards in a
single transaction.

Answers

Answer:

You must decline the transaction for the following reasons:

A customer may not purchase more than $2,000 in prepaid cards within a 24-hour period.

Customer ID must be a valid (not expired) government issued photo ID (US or Canadian  issued driver's license, state ID, passport; US military ID, US Territory ID)

Customers may not purchase more than $250 at the assisted check out (ACO).

Explanation:  

A customer may not purchase more than $2,000 worth of prepaid products in one business day.

POS will prompt cashiers for an ID at $300:

POS will prompt cashiers to scan or manually enter a valid ID for purchases  at   $300.

Customers may not purchase more than 10 prepaid cards in one day.

Customers may not purchase more than $250 at the assisted check out (ACO).

Managing our prepaid card limits on a daily basis is run, similar to our money order process. The 2,000 daily limits for prepaid/gift cards is accomplished through a partnership with  APPRISS.

 Note :

The POS Register does not allow a single transaction over $2,000 to ensure CVS/pharmacy is in compliance with federal regulations.

Breaking up transactions to allow the purchase of more than $2,000

in prepaid products to one customer, couple or group is strictly against CVS/pharmacy policy and may result in disciplinary action up to, and including, termination of employment.

So you want to finance a car for $4,840. Let’s say we offer you a 4.5% interest rate on a 2-year loan and 6% on a 5-year loan. Enter this info into the calculator to see your monthly and total cost by loan term.
Financing Amount
$4840
Correct
Interest Rate on 2-Year Loan
Interest Rate on 5-Year Loan

Answers

Answer:

Interest Rate on 2-Year Loan...$435.6

Interest Rate on 5-Year Loan...$1,452

Explanation:

The formula for calculating simple interest is as follows.

I = P x R x T,

where I = interest

P= Principal

R= interest rate

T= time

For the loan at 4.5 percent for 2 years, the interest will be

=  $4,840 x 4.5/100 x 2

= $4,840 x 0.045 x 2

= $435.6

Total cost of the loan will principal plus interest

=$435.6 + $4,840

=$5,275.6

Monthly loan cost

= $5,275.6/24

=$219.81

Total loan cost..$5,275.6

Monthly loan cost ...$219.81

For the Loan at 6 percent for 5 years, the interest will be

= $4,840 x 6/100 x 5

= $4,840 x 0.06 x 5

=$1,452

Total cost of the loan will be principal plus interest

=$ 4,840 + $1,452

=$6,292

Monthly costs will be

=$6,292/60

=$104.87

Total loan cost... $6,292

Monthly loan  costs... $104.87

Transactions for Buyer and SellerShore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800.Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due.Accounts Receivable-Blue Star Co. Sales Cost of Merchandise Sold Merchandise Inventory Common Stock Cash Cash Accounts Receivable-Blue Star Co. Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due.Merchandise Inventory Accounts Payable-Shore Co. Accounts Payable-Shore Co. Cash

Answers

Answer:

The definition is defined in the clarification portion beneath, as per the particular circumstance.

Explanation:

Correct you're. FOB shipping comments mean that perhaps the shipping can be paid for by consumers. But perhaps the freight is paid by the seller in the question. It would reimburse the freight treated as income from the buyer. The credit including its buyer would be debited with either the deferred revenue sum of freight.

Account Titles and Explanation             Debit                Credit

Receivable accounts -Blue Star Co.        $1,800                      -  

Cash                                                            -                        $1,800

(To record freight paid)  

Chance company had two operating divisions, one manufacturing farm equipment and other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on Sept. 1, 2016, the company adopted a plan to sell the assets of the division.
The actual sale was completed on Dec. 15, 2016, at the price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. The division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through Dec. 15. The income tax rate is 40%. Chances after-tax income from its continuing operations is $350,000.
Required:
Prepare an income statement for 2016 beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares of common stock were outstanding throughout the year.

Answers

Answer:

-21,000

Explanation:

We can calculate the net income by Adding/deducting the gain/loss on the discontinued operations from the gain/loss of the continuing operations.

INCOME STATEMENT

Income from continuing Operations                                   $350,000

Discontinued Operations

Loss from discontinued operations(w)                                -530,000

Income tax benefit                                                                $159,000

(400,000+130,000) x 30%

Net Income                                                                           -21,000

Earning per share                              

Continuing Operations                               $3.5

(350,000/100,000)

Discontinued Operations                         -$5.3

(-530,000/100,000)

Net Income                                                 -$1.8

Working

Sale value of the segment                            $600,000

Book value of the segment                          ($1,000,000)

loss on sale of segment                                -$400,000

Loss from the Operations of the segment   -$130,000

Loss on discontinued operation                    -$530,000

What was the non-live show revenue (merchandising + record sales + etc) for the Amzai Brothers during September-December 2019?

Answers

Full question attached

Answer and Explanation:

Answer and explanation attached

A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: The student can invest $8,900.00 today and then will be paid a 9.00% APR return starting on his 65th birthday (i.e For a $10,000 investment, a 9% rate would mean $900 per year). The program will pay the cash flow for this investment while you are still alive. You anticipate living 21.00 more years after your 65th birthday. The former student wants a return of 6.00% on his investments, but would like to consider this opportunity.

Required:
Using the student's desired return, what is the value of this deferred annuity today on his 50th birthday?

Answers

Answer:

The value of this deferred annuity today on his 50th birthday is $2,621.27.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is $2,621.27.

Crow earned $585.15 during the week ended March 1, 20--. Prior to payday, Crow had cumulative gross earnings of $4,733.20. Round your answers to the nearest cent. a. The amount of OASDI taxes to withhold from Crow's pay is $ . b. The amount of HI taxes to withhold from Crow's pay is

Answers

Answer:

A. $36.28

B. $8.48

Explanation:

a. Calculation for the amount of OASDI taxes to withhold from Crow's pay

OASDI taxes is 6.2%

Hence,

OASDI taxes to withhold = 585.15*0.62

OASDI taxes to withhold = $36.28

Therefore the OASDI taxes to withhold from Crow's pay is $36.28

b. Calculation for the amount of HI taxes to withhold from Crow's pay

HI taxes is 1.45%

Hence,

HI taxes to withhold =585.15*0.0145

HI taxes to withhold=$8.48

Therefore HI taxes to withhold from Crow's pay is $8.48

financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2014December 31 2013 2014Cash $42,000 $75,000Accounts receivable (net) 84,000 144,200Inventory 168,000 206,600Land 58,800 21,000Equipment 504,000 789,600TOTAL $856,800 $1,236,400Accumulated depreciation $84,000 $115,600Accounts payable 50,400 86,000Notes payable - short-term 67,200 29,400Notes payable - long-term 168,000 302,400Common stock 420,000 487,200Retained earnings 67,200 215,800TOTAL $856,800 $1,236,400Additional data for 2014:1. Net income was $240,000, see income statement below.2. Depreciation was $31,600.3. Land was sold at its original cost.4. Dividends were paid.5. Equipment was purchased for $184,000 cash.6. A long-term note for $101,000 was used to pay for an equipment purchase.7. Common stock was issued8. Company issued $33,400 long-term note payable. Income Statement For the year ended December 31, 2014Sales revenue…………….. $1,200,000Cost of goods sold……… .......480,000Gross profit .............................720,000Selling and administrative expenses….. 360,000Pre-tax operating income .......................340,000Income taxes ..........................................120,000Net income……………………………… $240,0001. Prepare the statement of cash flow using the indirect method2. Prepare the statement of cash flow using the direct method

Answers

Answer:

Statement of cash flow for the year ended December 31, 2014

Cash flow from Operating Activities

Cash Receipts from Customers                       $1,139,800

Cash Paid to Suppliers and Employees           ($811,600)

Cash Generated from operations                     $328,200

Income tax paid                                                 ($120,000)

Net Cash from Operating Activities                 $208,200

Cash flow from Investing Activities

Purchase of Equipment                                     ($101,000)

Proceeds from Sale of Land                               $37,800

Net Cash from Investing Activities                      $63,200

Cash flow from Financing Activities

Issue of Note Payables                                      $33,400

Repayment of Note Payables                           ($37,800)

Issue of Common Stock                                     $67,200

Dividends Paid                                                   ($91,400)

Net Cash from Financing Activities                  ($28,600)

Movement during the year                                $33,000

Beginning Cash and Cash Equivalents             $42,000

Ending Cash and Cash Equivalents                   $75,000

Explanation:

The Direct Method has been used to to prepare Cash flow Statement. See also calculation of the respective line items done below.

Cash Receipts from Customers calculation :

Total Trade Receivables T - Account

Debit :

Beginning Balance                              $84,000

Sales Revenue                                $1,200,000

Totals                                               $1,284,000

Credit :

Cash Receipts from Customers      $1,139,800

Ending Balance                                  $144,200

Totals                                               $1,284,000

Cash Paid to Suppliers and Employees calculation :

Cost of goods sold                                          $480,000

Add Selling and administrative expenses     $360,000

Adjustment for Non -Cash Items :

Depreciation                                                      ($31,600)

Adjustment for Working Capital Items :

Increase in Inventory                                         $38,800

Increase in Accounts Payables                        ($35,600)

Cash Paid to Suppliers and Employees           $811,600

Note payable T - Account

Debit :

Ending (29,400 + 302,400)                             $331,800

Cash (Balancing figure)                                     $37,800

Totals                                                               $369,600

Credit :

Beginning (67,200 + 168,000)                       $235,200

Equipment                                                        $101,000

Cash                                                                   $33,400

Totals                                                               $369,600

Equipment T - Account

Debit :

Beginning Balance                                        $504,000

Note Payable                                                   $101,000

Cash                                                                 $184,000

Totals                                                              $789,000

Credit :

Ending Balance                                              $789,600

Disposal                                                                      $0

Totals                                                              $789,000

Calculation of Dividends

Beginning Retained Earnings Balance          $67,200

Add Income for the year                              $240,000

Less Ending Retained Earnings Balance     $215,800

Dividends Paid                                                 $91,400

Adelberg Corporation makes two products: Product A and Product B. Annual production and sales are 1,500 units of Product A and 1,500 units of Product B. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.4 direct labor-hours per unit and Product B requires 0.2 direct labor-hours per unit. The total estimated overhead for next period is $87,630. The company is considering switching to an activity-based costing system for the purpose of computing unit product costs for external reports. The new activity-based costing system would have three overhead activity cost pools--Activity 1, Activity 2, and General Factory--with estimated overhead costs and expected activity as follows:
Expected Activity
Activity Cost Pool Estimated Overhead Costs Product A Product B Total
Activity 1 $ 41,400 1,000 500 1,500
Activity 2 15,720 800 400 1,200
General Factory 30,510 600 300 900
Total $ 87,630
(Note: The General Factory activity cost pool's costs are allocated on the basis of direct labor-hours.)
The overhead cost per unit of Product B under the activity-based costing system is closest to:_________
a. $42.90
b. $9.10
c. $21.30
d. $63.92

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate for each activity:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 41,400/1,500= $27.6 per unit of activity

Activity 2= 15,720/1,200= $13.1 per unit of activity

General Factory= 30,510/900= $33.9 per direct labor hour

Now, we can allocate overhead to product B:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Activity 1= 27.6*500= $13,800

Activity 2= 13.1*400= $5,240

General Factory= 33.9*300= $10,170

Total allocated overhead= $29,210

Unitary allocated overhead= 29,210/1,500= $19.47

Please discuss the following two scenarios: Both scenarios consist of a loan of $1000 on Jan.1 - to be paid back on Dec. 31. A is the lender and B is the debtor.

Scenario 1: On Nov. 7th, A calls B to see how he is doing. B says he is not doing well. A asks if B will be able to pay the $1000 on Dec. 31. B says probably not. A asks how much B will have and B says about $700. A tells B to pay him $700 on Dec. 31 and that he will not owe him the additional $300. A puts it in writing. On Dec. 31, B pays the agreed upon $700. Then on January 15th, A calls B and tells him that he wants the additional $300.

Scenario 2: Same situation, but on the Nov. 7th phone call, A tells B to pay him the $700 now and then he will not owe him the additional $300. It is put in writing. B pays $700 on Nov. 7th. Then on January 15th, A calls B and tells him that he wants to additional $300. In which scenario can A get the additional $300.

In which scenario can A get the additional $300? It could be in both scenarios, neither or one of them. What do you think?

Answers

Answer:

Neither

Explanation:

When A creates a deal of B paying only $700 now or on 31st December with a written commitment that he will not owe $300, it means A has decided to write off the $300. Had A not created any written document and just asked B to pay $700 now and then later on reminded and demanded $300 it would have been fine. A would still be legally right in maintaining that B still owes the balance $300.  

However, giving a written commitment of waving off the $300 on payment of $700 now or by 31st Dec which B accepts and also adheres to by paying means that B has fulfilled the new agreement. As A has only floated the new agreement, he cannot go back from his own statements.

Broca Corporation has a current ratio of 2.5. Which of the following transactions will increase Broca's current ratio? Select one: a. the purchase of inventory for cash. b. the collection of an account receivable. c. the payment of an account payable. d. none of the above.

Answers

Answer:

b. the collection of an account receivable

Explanation:

The formula to compute the current ratio is shown below:

As we know that

Current ratio = Current assets ÷ Current liabilities

If the current ratio is 2.5 that means the current assets is higher than the current ratio

As per the given options, the option b is correct and hence the same is to be considered

The transaction that will increase Broca's current ratio is d. none of the above.

The current ratio is not increased by the purchase of inventory for cash because this transaction has no effect on the current assets.  The collection of an account receivable is not going to increase the current ratio for the same reason above (no effect on the current assets).

The payment of an account payable reduces the current assets and current liabilities by the same amount and will not affect the current ratio.

Thus, the transaction that will increase the current ratio is d.

Learn more: https://brainly.com/question/17189534

Shake Shack Inc. reports the following items in its 2015 statement of cash flow. For each item, indicate whether it would appear in the operating, investing, or financing section of the statement of cash flows (in $ thousands).

a. Member distributions (dividends) $(11,599)
b. Net income 6,543
c. Payments on revolving credit facility (4,900)
d. Purchases of marketable securities (5,671)
e. Depreciation expense 10,444
f. Accounts payable 705
g. Proceeds from issuance of Class B common stock 45
h. Equity-based compensation 14,488
i. Inventories (45)
j. Purchases of property and equipment (40,007)

Answers

Answer:

a. financing

b. operating

c. operating

d. investing

e. operating

f. operating

g. financing

h.  no effect

i.  operating

j.  investing

Explanation:

Operating Section :

Include items that generate cash through trading operations in the course of business.

Investing Section :

Include items that generate cash through disposal or acquisition of tangible and intangible assets including financial assets.

Financing Section :

Include items that generate cash through investment by owners, lenders and repayments of their capital thereof.

When all of a firm's inputs are doubled, input prices do not change, and this results in the firm's level of production more than doubling, a firm is operating:

Answers

Answer: (B) on the downward-sloping portion of its long-run average total cost curve.

Explanation:

The downward-sloping portion of a company's Long Run Average Total Cost(LRATC) curve is the part where increasing returns to scale is witnessed.

This is because the costs that are incurred by the company leads to higher proportional output thereby reducing the average cost and pulling the LRATC down.

In this scenario, the inputs doubled and the firm's level of production more than doubled which means that with outputs increasing more than costs, the Average cost is reducing and the slope is downward sloping.

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