Answer:
The answer is B.
Explanation:
Cost of investment was $100,000
Present value of all the cash inflows = $120,000
Profit = $20,000 ($120,000 - $100,000)
Since the present value of all the cash inflows is greater than the initial cost of investment, the capital project should be accepted because the firm will be better off and shareholders' wealth will be increased.
The expected rate of return for the project is $20,000/$100,000
0.2 or 20%
Frantic Fast Foods had earnings after taxes of $900,000 in 20X1 with 301,000 shares outstanding. On January 1, 20X2, the firm issued 32,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 28 percent. a. Compute earnings per share for the year 20X1. (Round your answer to 2 decimal places.) b. Compute earnings per share for the year 20X2. (Round your answer to 2 decimal places.)
Answer:
A.$2.99
B.$1.15
Explanation:
Frantic Fast Foods
A.Computation of the earnings per share for the year 20X
Using this formula
Earnings per Share=Earnings after Taxes/Shares Outstanding
Let plug in the formula
900,000/301,000
=$2.99
The earnings per share for 20X1 will be $2.99
B. Computation of the earnings per share for the year 201X
Earnings after Taxes= 301,000 * 1.28 = 385,280
Shares Outstanding=301,000 + 32,000 = 333,000
Hence,
Earnings after Taxes/Shares Outstanding
385,280 / 333,000 = $1.15
Therefore the earnings per share for 20X1 will
be $1.15 .
Webster's Discount Appliances expects sales of $12,000, $15,000, and $25,000 during April, May, and June (big sale in June). To build business, Webster let's all customers buy on credit, and all do so. In the past, 20% of Webster's Discount Appliances sales have been collected during the month of sale, 65% are collected the following month, and 15% the month after that. If this trend continues, what will be Webster's total cash collections in the month of June
Answer:
$16,550
Explanation:
The computation of total cash collections in the month of June is shown below:-
Total cash collections in the month of June = (June sales × Percentage of collection) + (May sales × Percentage) + (April × Percentage)
= ($25,000 × 20%) + ($15,000 × 65%) + ($12,000 × 15%)
= $5,000 + $9,750 + $1,800
= $16,550
So, for computing the total cash collections in the month of June we simply applied the above formula.
The duration of copyright protection for works not made for hire is: Select one: a. 20 years from the date of filing. b. Generally perpetually as long as the works are in print. c. One year if no registration has been f
Answer:
Life of the author plus 70 years
Explanation:
Copyright can be defined as the legal ways of protecting an author's work. It is a type of intellectual property right that protect authors from unauthorized individuals from publishing their work.
It is the right to copy given by an author to anyone to copy their work. Content that can be protected by copyright includes; books, poems, plays, songs, films, and artwork and website.
We use 2,000 electric drills per year in our production process. The ordering cost for these is $100 per order and the Holding( carrying) cost is assumed to be 40% of the per unit cost. Each drill costs $78. What is the optimal quantity that would minimize the sum of Holding and Ordering costs.
Answer:
The Optimal Quantity to minimize Holding and Ordering Costs:
This is also known as the Economic Order Quantity (EOQ).
We can work it out using the EOQ formula.
The formula for EOQ is:
Q = √(2DS)/H
where:
Q=EOQ units
D=Demand in units (typically on an annual basis) = 2,000
S=Order cost (per purchase order) = $100
H=Holding costs (per unit, per year) = $31.20 ($78 x 40%)
Formula and Calculation of Economic Order Quantity (EOQ)
Q = √(2x2,000x $100)/$31.2
Q = √12,820.5 = 113.228 or 113 approximately.
Explanation:
EOQ is an important cash flow management tool. The formula assists a company to control the amount of cash tied up in inventory. For many companies, inventory is their largest asset. Companies hold enough inventory to meet customers' demand. Since EOQ minimizes the level of inventory, the cash savings can be used for some other business purposes or investments.
The goal of the EOQ formula is to identify the optimal number of product units to order. If achieved, a company can minimize its costs for buying, delivery, and storing units, including the costs from running out of inventory.
Condensed financial data of Bonita Company for 2020 and 2019 are presented below. BONITA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,180 Receivables 1,710 1,320 Inventory 1,590 1,920 Plant assets 1,890 1,710 Accumulated depreciation (1,220 ) (1,190 ) Long-term investments (held-to-maturity) 1,320 1,440 $7,120 $6,380 Accounts payable $1,190 $890 Accrued liabilities 210 260 Bonds payable 1,400 1,580 Common stock 1,940 1,660 Retained earnings 2,380 1,990 $7,120 $6,380 BONITA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,720 Cost of goods sold 4,680 Gross margin 2,040 Selling and administrative expenses 920 Income from operations 1,120 Other revenues and gains Gain on sale of investments 80 Income before tax 1,200 Income tax expense 550 Net income 650 Cash dividends 260 Income retained in business $390 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the direct method.
Answer:
Statement of cash flows for the year ended December 31, 2020
Cash flow from Operating Activities
Income before tax 1,200
Adjustments for Non - Cash items :
Depreciation (1,220 - 1,190) 30
Gain on sale of investments (80)
Adjustments to Changes in Working Capital Items :
Increase in Receivables (390)
Decrease in Inventory 330
Increase in Accounts payable 300
Decrease in Accrued liabilities (50)
Cash generated from operations 1340
Income tax paid ( 550)
Net Cash from Financing Activities 790
Cash flow from Investing Activities
Purchase of Plant Assets (180 - 70) (110)
Proceeds from Sale of Investments(1,440 +80 - 1,320) 200
Net Cash from Investing Activities 90
Cash flow from Financing Activities
Repurchase of Bonds (1,580-1,400) (180)
Issue of Common Stock (1940 - 1660 - 70) 210
Net Cash from Financing Activities 30
Movement during the year 650
Cash and Cash Equivalents at Beginning of the year 1,180
Cash and Cash Equivalents at End of the year 1,830
Explanation:
The Direct method has been used : This must show adjustment to the Income before interest and tax.
The Statement of Cash flows is prepared under the following headings :
Cash flow from Operating ActivitiesCash flow from Financing ActivitiesCash flow from Investing ActivitiesA company had the following purchases and sales during its first year of operations:Purchases SalesJanuary: 10 units at $120 6 unitsFebruary: 20 units at $125 5 unitsMay: 15 units at $130 9 unitsSeptember: 12 units at $135 8 unitsNovember: 10 units at $140 13 unitsOn December 31, there were 26 units remaining in ending inventory. Using the perpetual FIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
Answer:
Explanation:
FIFO inventory costing method uses the assumption that the first set of inventory is the first to be sold.
Purchase
Month Unit rate Cost
January 10 120 1200
February 20 125 2500
May 15 130 1950
September 12 135 1620
November 10 140 1400
Total 67
Sales (FIFO)
January 6 120 720
February 4 120 480
1 125 125
May 9 125 1125
September 8 125 1000
November 2 125 250
11 130 1430
Closing Inventory
May 4 130 520
September 12 135 1620
November 10 140 1400
3540
Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,468. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 5%, the present value of the lease payments is closest to (Ignore income taxes.):
Answer:
$13,153.15
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow each year from year 0 to 5 = $2,468
I = 5%
PV = $13,153.15
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
If the marginal cost of producing the fifth unit of output is higher than the marginal cost of producing the fourth unit of output, then at five units of output, average total cost must be rising.
a. True
b. False
Answer: a. True
Explanation:
Marginal Cost as well known is the cost of producing an extra unit of a good. Average Cost on the other hand is the cost of producing all the goods divided by the number of units that are produced.
It therefore stands to reason that if goods are getting more expensive to produce, the Average Cost will rise.
For example, take 2 scenarios.
Scenario 1.
Cost of producing units 1 to 5 is $2 each.
Average Cost = (2 + 2 + 2 + 2 + 2) / 5
= 10/5
Average Cost = $2
Scenario 2
Cost of Producing Units 1 to 5 are;
Unit 1 - $2
Unit 2 - $2
Unit 3 - $2
Unit 4 - $2
Unit 5 - $4
Average cost at unit 5 = (2 + 2 + 2 + 2 + 4)/5
= 12/5
= $2.40
Average Cost has increased by $0.40
Steven has a typed copy of a contract, which he would like to have Thomas sign. Thomas, who needs glasses to read typing, doesn't want to sign until he has read the document, but Steven convinces Thomas to sign it anyway, because it is a "standard" contract for this type of situation. Is the contract which Thomas signed binding upon him?
Answer:
Yes, because he was negligent in not ascertaining its contents
Explanation:
Based on the information provided regarding the scenario at hand it can be said that Yes, this contract is binding upon Thomas because he was negligent in not ascertaining its contents. Each individual is responsible for completely reading and fully understanding the contents of the contract before they sign. Once an individual signs the contract it means that they fully agree with all that is specified in the contract and are held liable. Thomas should have waited until he had his glasses and read the contract before signing, regardless of what Steven had to say.
Strawberry Fields purchased a tractor at a cost of $40,000 and sold it two years later for $25,000. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $6,000 residual value.
1. What was the gain or loss on the sale?2. Record the sale using a general journal entry.
Answer:
1.Loss on sale 1,400
2.Dr Cash 25,000
Dr Accumulated Depreciation 13,600
Dr Loss on sale 1,400
Cr Equipment - Tractor 40,000
Explanation:
1.Calculation of the gain or loss on the sale of Strawberry Fields
Using this formula
Depreciation per year = (Cost - Salvage value)/Useful life
= (40,000-6,000)/5
=34,000/5
= 6,800 per year
The Book value after two years will be:
40,000 - (6,800*2)
=40,000-13,600
=26,400
Gain(Loss) = Cash received - Book value
= 25,000 - 26,400
Loss on sale 1,400
2.Record of the sale using a general journal entry
Dr Cash 25,000
Dr Accumulated Depreciation 13,600
Dr Loss on sale 1,400
Cr Equipment - Tractor 40,000
A global brand is a brand marketed under the same name in multiple countries with similar and centrally coordinated marketing programs. However, adaptations of global brands are made:________.a. if required by government regulations in the host market and for no other reason.b. only in its initial introduction into a market and only until the brand is recognized.c. by domestic competitors causing brand confusion and loss of market share.d. only when necessary to better connect the brand to consumers in different markets.e. when there is a serious drop in market share.
Answer:
Option (D) is the correct answer to this question.
Explanation:
Global brand adaptations are made except when necessary to better communicate the brand to consumers from different markets because it has a particular market image. Global brands are brands that are widely recognized around the world.
Companies which intend to create global brands must do the following:
Classify the perceived attractiveness of your product in each sector. Carry out studies of attitude and usage in each region you are planning to enter.Other options are incorrect because they are not related to the given scenario.
All of the following are functions of the Federal Reserve System EXCEPT:______
a. providing a system of check collection and clearing.
b. lending funds to risky customers denied credit by commercial banks.
c. supplying the economy with fiduciary currency.
d. acting as the government's fiscal agent.
Answer:
D
Explanation:
The others are all bank actions. THe last one talks about spies.
Rogers Inc. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work in process Finished goods Cost of goods sold Total
Direct materials $2,380 16790 43930 $63,100
Direct labor 1710 16060 42020 $59,790
Manufacturing overhead applied 1520 9880 26600 $38,000
Total $5,610 $42,730 $112,550 $160,890
Manufacturing overhead for the month was underapplied by $1,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The work in process inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
a. $5,570
b. $5,575
c. $5,645
d.$5,650
Answer:
d.$5,650
Explanation:
Rogers Inc.
Work in process Finished goods Cost of goods sold Total
Direct materials $2,380 16790 43930 $63,100
Direct labor 1710 16060 42020 $59,790
Manufacturing overhead
Applied 1520 9880 26600 $38,000
% OF OH Applied 1520/38000 9880/38000 26600 /38000
4% 26% 70%
Total $5,610 $42,730 $112,550 $160,890
Under applied 4% of 1000 26% of 1000 70% of 1000
Under applied 40 260 700
Total $ 5650 42990 113250
We find the percentage of the manufacturing overhead applied and multiply it with the under applied amount. Then we add the underapplied amount to the total to get the actual amount.
The benefits associated with a nuclear power plant cooling water filtration project located on the Ohio River are $10,000 per year forever starting in year 1. The costs are $50,000 in year 0 and $50,000 in year 2. What is the B/C ratio at i
Answer:
1.1
Explanation:
B/C ratio at i=10% per year?
Benefit= A/i%
Cost= initial cost- present worth
B/C= benefit/ cost
= [10,000/0.1]/[50,000 + 50000](p/f,10%,2)
= [100000/50000 + 50000(0.8264)]
= 1.1
Calculate Payroll An employee earns $25 per hour and 2 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 48 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $239.15. a. Determine the gross pay for the week. $ b. Determine the net pay for the week. Round to two decimal places. $
Answer:
A) 1,400
B) 1,055.85
Explanation:
An employee earns $25 per hour at 2 times the rate for all hours in excess of 40 hours per week
The employee works for 48 hours in that week
Social security tax rate is 6.0%
Medicare tax rate is 1.5%
Federal income tax= $239.15
(a) Gross pay= Regular pay+overtime
The regular pay can be calculated by multiplying the amount earned by the number of hours spent in the week
Regular pay= 40×25
= 1,000
The overtime can be calculated by multiplying the extra hours spent (48 hours-40 hours= 8 hours) by the amount earned and the rate
Overtime = 8× 25× 2
= 400
Gross pay= 1,000+400
= 1,400
(B) Net pay= Gross pay-Federal taxes withheld-Taxes payable
= 1,400-239.15-(6.0% of 1400-1.5% of 1,400)
= 1,400-239.15-84-21
= 1,055.85
Hence the gross pay is 1,400 and the net pay is 1,055.85
If the unit price of inventory is increasing during a period, a company using the LIFO inventory method will show less gross profit for the period, than if it had used the FIFO inventory method.
a. True
b. False
A) I think the answer should be True
A company received a bank statement showing a balance of $78,000. Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,400. What is the company's adjusted bank balance
Answer:
Adjusted Bank Balance = $85,000
Explanation:
Adjustment of bank balance is a bank reconciliation procedure, that is used to match the amount in the bank statement with the amount in the company's balance sheet.
To adjust the bank balance, particulars that need to be subtracted or added to the bank statement balance has to be identified and treated accordingly.
For this example, the adjusted balance is calculated thus:
Adjusted bank balance = (Bank statement balance) - (outstanding checks) +(deposit in transit)
Adjusted Bank Balance = 78,000 - 2,400 + 9,400 = $85,000
Note:
outstanding checks are subtracted because they are payments to be made made by the company, representing a liability to the company (payer)
deposit in transit is an income to the company that has not been credited yet, but that will be credited.
Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders’ equity: Issued 30,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000. What is the total stockholders' equity at the end of 2021?
Answer:
The total stockholders' equity at the end of 2021 is $250,000
Explanation:
In order to calculate the total stockholders' equity at the end of 2021 we would have to calculate the transactions relating to stockholders’ equity times the $5 par value common stock as follows:
stockholders' equity at the end of 2021=Issue of 30,000 shares*$5+Issue of 20,000 shares*$5
stockholders' equity at the end of 2021=$150,000+$100,000
stockholders' equity at the end of 2021=$250,000
The total stockholders' equity at the end of 2021 is $250,000
Faucet Company reported the following information for 2008: October November December Budgeted sales $620,000 $580,000 $720,000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Faucet receive in November
Answer:
Cash receipt for the month of November is $600000
Explanation:
The receipt of the cash will be such that the sales made in a particular month will be calculated half in the month of sale and half in the next month. Thus, the cash receipt from the accounts receivables for the month of November will be,
Cash received from the October sales = 620000 * 0.5 = $310000
Cash received from the November sales = 580000 * 0.5 = $290000
Total cash receipt in the month of November will be,
Cash receipt - November = 310000 + 290000
Cash receipt - November = $600000
On January 2, 2020, Bridgeport Company borrowed $174,000 from Lyon Country Bank. The terms of the loan agreement specified 4 equal annual payments at 4% annual interest. Compute the amount of each of these payments, assuming they begin on December 31, 2020.
Answer:
annual payment = $50,460
Explanation:
In order to solve this, we will use the formula for calculating simple interest on an invested amount over a period of time.
Simple interest = Principal × Rate × Time
Where:
Principal = $174,000
Rate = 4% = 4/100 = 0.04
Time = 4 years (4 annual payments)
∴ Simple interest = 174,000 × 0,04 × 4 = $27,840
Total amount to be paid = principal + interest
= 174,000 + 27,840 = $201,840
since 4 equal annual payments were made, the amount to be repaid is divided into 4. This is done as follows:
annual payments = 201,840 ÷ 4 = $50,460
Jayne Butterfield, a single mother with three children, lived in Sacramento, California. Sarah Huckleberry also lived in California until she moved to New York City to open and operate an art gallery. Huckleberry asked Butterfield to manage the gallery under a one-year contract for an annual salary of $90,000. To begin work, Butterfield relocated to New York. As part of the move, Butterfield transferred custody of her children to her husband, who lived in London, England. In accepting the job, Butterfield also forfeited her husband's alimony and child-support payments, including unpaid amounts of nearly $45,000. Before Butterfield started work, Huckleberry repudiated the contract. Unable to find employment for more than an annual salary of $30,000, Butterfield moved to London to be near her children. She filed a suit in an California state court against Huckleberry, seeking damages for breach of contract. Should the court hold, as Huckleberry argued, that Butterfield did not take reasonable steps to mitigate her damages? Why or why not?
Answer:
No, the court should not hold in favor of Huckleberry.
Explanation:
The rule of mitigation that Huckleberry tries to use in her favor states that the non-breaching party (Butterfield) should have taken all the necessary steps to reduce her loss, e.g. take a job in New York. She probably argued that Butterfield leaving for England to meet with her children made things worse.
But in this case, Butterfield relied on Huckleberry's promise to organize her life and the well being of her children. Butterfield made a lot of changes and sacrifices in her life because of this, e.g. forfeiting unpaid alimony, transferring custody of her children , etc.
Moving to a different city or country requires a lot of work, expat life is not easy and not everyone can handle it. Butterfield took decisions that affected the lives of many people and she is not responsible for Huckleberry's breaching, the only party responsible for all this mess is Huckleberry and it is normal that Butterfield would want to go to where her children are.
For each of the following situations involving annuitities solve for the unknown assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i = interest rate, and n = number of years) (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1).
Present Value Annuity Amount i = n =
3000 8% 5
242980 75000 4
161214 20000 9%
500000 80518 8
250000 10% 4
Answer:
A) $11,978.10
B) 9%
C) 15 years
D) 6%
E) $78,866.84
Explanation:
Present Value Annuity Amount i = n =
A 3000 8% 5
242980 75000 B 4
161214 20000 9% C
500000 80518 D 8
250000 E 10% 4
A = $3,000 x 3.9927 = $11,978.10
B: annuity factor = $242,980 / $75,000 = 3.23973
using the annuity table, a 9% annuity for 4 years has a factor = 3.2397
C: annuity factor = $161,214 / $20,000 = 8.0607
using the annuity table, a 9% annuity for 15 years has a factor = 8.0607
D: annuity factor = $500,000 / $80,518 = 6.20979
using the annuity table, a 6% annuity for 8 years has a factor = 6.2098
E: annuity payment = present value / annuity factor = $250,000 / 3.1699 (annuity factor 10%, 4 years) = $78,866.84
Assume the profit margin is projected to increase to 9 percent while the dividend payout ratio remains constant. If sales increase by 12 percent, what is the projected total retained earnings (hint: add the additional RE onto the current RE)? Currently, the firm’s sales =$4,700, net income is $420, total assets=7890, dividends=125, A/P =790, LTD= 3130, and common stock=2780, and retained earnings =1190.
Answer:
The projected retained earnings are $1538.76
Explanation:
Profit margin=net income/sales
profit margin is 9%
sales growth rate is 12%
9%=net income/($4,700*(1+12%))
9%=net income/5264
9%*5264=net income
net income=$473.76
Projected total retained earnings=$1190+$473.76-$125=$1538.76
When a company borrows $150 million during the year and also repays $120 million of debt, the company can disclose the $30 million net amount as excess of borrowings over re-payments in the financing activities section of the statement of cash flows.
A. True
B. False
Answer:
B. False
Explanation:
Cash inflows and outflows for borrowing and repayment of debt are reported separately at gross amounts in the financial activities section of the cash flow statement.
When a company borrows $150 million during the year and also repays $120 million of debt. In this scenario, both amount of transaction (borrowing and repayment) will be reported separately at gross amount in the financial activities section of the cash flow statement.
Which of the following is true about the leveraging effect? Under economic growth conditions, firms with relatively low financial leverage will have higher expected returns. Under economic growth conditions, firms with relatively more financial leverage will have higher expected returns.
Answer: Under economic growth conditions, firms with relatively more financial leverage will have higher expected returns.
Explanation:
Under economic growth conditions, firms and organizations with more financial muscle usually have higher expected returns.
This Growth, is as a result of the change in the company's earnings, revenue, GDP or some other sources over a period of time (usually a year) to the next. This growth are usually not affected by inflation.
Assume the assembly division of Baxter Bicycles wants to buy 5,800 trailers per year from the trailer division. If the trailer division can sell all of the trailers it manufactures to outside customers, what price should be used on transfers between Baxter Bicycles's divisions
Answer: $104
Explanation:
The Trailer division has the capacity to sell ALL of its inventory to outside customers for a price of $104.
They will therefore transfer the trailers to the Assembly line at the same price of $104 that they charge outside customers because anything less would be a loss on profit that could have been made from selling the trailers outside.
This loss on profit would affect the entire Baxter Bicycles and not just the Trailer Division so it is better to sell and transfer at the same price.
Jerome is shopping for work supplies; he purchases 5 binders, 7 pens, and 3 reams of paper. The binders cost $4.50 each; the pens cost $1.10 each; and the reams of paper cost $4.25 each. The sales tax for his purchase is 7.75%. What is the total cost of Jerome’s purchase?
Answer:
$46.278625
Explanation:
5 blinder = 5 x $4.50 = $22.5
7 pens = 7 x $1.10 = $7.7
3reams =3 x $4.25 = $12.75
Total cost before sales tax= $42.95
Sales tax = $42.95 x 7.75% = $3.328625
Total cost after sales tax = $42.95 + $3.328625
Total cost after sales tax = $46.278625
Questions: (A) Explain how it has changed the legal profession (B) Identify a specific legal firm that you see exploiting this particular court ruling (C) Identify some regulatory changes in the area of Clean Environment and resulting opportunities for new venture creation (use specific examples/cases to explain your position)
Answer:
a) Many state bar connections have looked to make their advertising guidelines increasingly stiff, seemingly in the fact that the picture of the legal calling has been lasting of late. for instance attempts to clarify these changes endeavors by looking at whether bar affiliations are reacting to requests of individuals as revealed by mentalities as regards to advertising
(b)Now let us take the case of law firm Bates where U.S Preeminent Court choices are not having their anticipated impacts and that advertising by legal advisors is misleading and worsen, making an atmosphere ready for change.
Also, another alternative may be having their expected impacts of driving down costs and enabling youthful firms/lawyers to look for customers all the more adequately.
(c) Utilizing study information of little firm legal advisors amass in four states before the change development got a lot of contemplation, the proof advocates neither of these clarifications represents endeavors to make advertising progressively troublesome. the little firm legal counselors, those that indicate to profit by Bates and ensuing choices, have not changed their conduct in any assessed or measured way.
Explanation:
Solution
Many state bar affiliations have looked to make their advertising guidelines increasingly rigid, apparently in light of the fact that the picture of the legal calling has been enduring lately.
This example tries to clarify these changes endeavors by looking at whether bar affiliations are reacting to requests of individuals as exhibited by mentalities towards advertising, just as by their advertising practices.
For example let us take the case of law firm Bates where U.S Preeminent Court choices are not having their expected impacts and that advertising by legal advisors is misdirecting and compounding, making an atmosphere ready for change
Then again, the choices may be having their expected impacts of driving down costs and permitting youthful firms/lawyers to look for customers all the more adequately.
Utilizing study information of little firm legal advisors accumulated in four states before the change development got a lot of consideration, the proof recommends neither of these clarifications represents endeavors to make advertising progressively troublesome.
The little firm legal counselors, those suggested to profit by Bates and ensuing choices, have not changed their conduct in any calculable way.
Most advertising is in the business catalog and costs practically nothing, also mentalities toward advertising are not especially ideal.
The charter of Vista West Corporation specifies that it is authorized to issue 214,000 shares of common stock. Since the company was incorporated, it has sold a total of 146,000 shares (at $16 per share) to the public. It has bought back a total of 19,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $20.
Required:
1. Determine the authorized shares.
2. Determine the issued shares.
3. Determine the outstanding shares.
Answer:
Requirement 1: 214,000
Requirement 2: 146,000
Requirement 3: 127,00
Explanation:
Requirement 1:
Authorized shares: The maximum number of shares a company can issue are called authorized shares.They include both ordinary and preference shares. Here Visa West Corporation can issue 214,000 shares.
Requirement 2:
Issued shares: The number of shares the company has to issue to publicly
Here Visa West issued 146,000 shares to he public
Requirement 3:
Outstanding shares: The number of shares that need to be paid a dividend are Outstanding shares. Here Visa West Corporation has 127000(146000-19000) outstanding shares .
At the beginning of the period, the Cutting Department budgeted direct labor of $136,000, direct materials of $150,000 and fixed factory overhead of $11,900 for 8,000 hours of production. The department actually completed 10,600 hours of production. The appropriate total budget for the department, assuming it uses flexible budgeting, is Round your final answer to the nearest dollar. Do not round interim calculations.
Answer:
Total cost under flexible budgeting is $390,850
Explanation:
Calculation of Standard direct labor Cost
Standard Direct labor Cost=Budgeted Labor cost/Budgeted hour of Production
=$136,000 / 8,000
=$17 per hour
Calculation of Standard material Cost
Standard material Cost = Budgeted material Cost /Budgeted hour of Production
=$150,000 / 8,000
=$18.75 per hour
Calculation of Total cost under flexible budgeting
Direct Material Cost = 10,600 * $18.75 = $198,750
Direct Labour Cost= 10,600 * 17 = $180,200
Fixed factory overhead= $11,900
Total budgeted cost $390,850