Answer:
Allocated advertising = $21,885
Explanation:
Giving the following information:
Advertising expense= $47,000
Sales:
Department S $109,000
Department T 218,850
Department U 142,150
Total 470,000
First, we need to calculate the proportion of sales of Department T:
Sales proportion Department T= 218,850 / 470,000= 0.4656
Now, we can allocate advertising costs:
Allocated advertising = 47,000*0.4656
Allocated advertising = $21,884
Katherine Kocher has determined the following information about her own financial situation. Her checking account is worth $850 and her savings account is worth $1,200. She owns her own home that has a market value of $98,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300. She has a car worth $12,500. She has recently purchased a mutual fund worth $5,500 and she has a retirement account worth $38,550. What is the value of her personal possessions
Answer:
Katherine Kocher
The value of her personal possessions is:
$171,900
Explanation:
a) Data and Calculations:
Checking account = $850
Savings account = 1,200
Home value = 98,000
Furniture & appliances 12,000
Home computer/laptop 3,300
Car 12,500
Investments:
Mutual fund 5,500
Retirement account 38,550
Total value = $171,900
b) Katherine's personal possessions include all her personal assets. Her net worth will be the difference between all her personal assets and her personal debts or liabilities.
Differential analysis can aid management in making decisions on a variety of alternatives, including whether to discontinue an un-profitable segment and whether to replace usable plant assets.
A. True
B. False
differences between generic and enterprise competition
Explanation:
Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person.
hope it helps!
A company has $110,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 4% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is a(n) $1,000 credit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for:
Answer:
Provision on accounts receivable = $110,000 * 4% = $4,400
Total allowance for doubtful accounts = $4,400 - $1,000 = $3,400
Date Account Titles and Explanation Debit Credit
Bad debt expense $3,400
Allowance for doubtful accounts $3,400
(To record the bad debt expense)
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $41,300 and the Export Products Division's divisional segment margin is $93,700. The total amount of common fixed expenses not traceable to the individual divisions is $106,800. What is the company's net operating income (loss)?Brewer 8e Rechecks 2018-06-22a) $241,800b) $135,000c) $28,200d) $135,000
Answer:
c) $28,200
Explanation:
The computation of the net operating income is as follows
Total segment margin is
= $41,300 + $93,700
= $135,000
And, the common fixed expenses is $106,800
So, the net operating income is
= Total segment margin - common fixed expenses
= $135,000 - $106,800
= $28,200
Hence, the net operating income is $28,200
Therefore the correct option is c.
A falling price level is a symptom of an unhealthy economy, if prices have fallen due to _________. It is symptom of a healthy economy if prices have fallen due to _________
Answer:
A decrease in the demand for goods and services; an increase in the supply of goods and services.
Explanation:
In the case of the unhealthy economy, if the price is fall so it is because of reduction in the demand of the products and services while on the other hand if there is a healthy economy and now the price is fallen so it is because of the supply of the goods and services are rised up.
Therefore the last option is correct
And, the rest of the options are incorrect
Novak Company took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $25,170 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,900 of goods sold to Alvarez Company for $30,030, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Novak report as its December 31 inventory
Answer: $237070
Explanation:
The amount that Novak should report as its December 31 inventory will be:
Inventory in hand = $190,000
Add: Goods bought from Pelzer Corporation = $25,170
Add: Cost of goods sold to Alvarez Company = $21900
Total = $237070
The amount that Novak should report as its December 31 inventory will be $237070
At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $654,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $327 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare Chan's journal entries for the transactions.
Answer and Explanation:
The journal entries are shown below:
On December 31
Bad debt expense Dr $5,232 ($654,000 × 0.80%)
To Allowance for doubtful debts $5,232
(To record the bad debt expense)
On Feb 01
Allowance for doubtful debts Dr $327
To Account receivable $327
(To record the uncollectible amount)
On June 5
Account receivable $327
To Allowance for doubtful debts Dr $327
(To record the uncollectible amount)
On June 5
Cash Dr $327
To Account receivable $327
(To record the cash received)
Youngstown Rubber reports the following data for its first year of operation. Direct materials used $710,200 Direct Labor 350,000 Cost of goods manufactured 1,030,300 Finished goods inventory, ending 190,900 Finished goods inventory, beginning 0 Manufacturing overhead 100,100 Work in process inventory, beginning 0 Work in process inventory, ending 130,000 What are the total manufacturing costs to account for
Answer:
$1,160,300
Explanation:
Total Manufacturing Costs are all costs related to the production of goods to be sold. This consists of direct costs such as labor and material and other indirect costs such as electricity and rentals.
Calculation of total manufacturing costs :
Cost of goods manufactured 1,030,300
Add Closing Work In Process 130,000
Less Beginning Work In Process 0
Total manufacturing costs $1,160,300
Eaglet Corporation has the following target and costs associated with its capital structure. Based on these parameters what is Eaglet Corporations weighted average cost of capital?
Target common equity weight: 80 percent
Target debt weight: 20 percent
Cost of equity: 15 percent
Cost of debt: 5 percent
Tax rate: 35 percent
A) WACC = 12.65 percent
B) WACC = 8.45 percent
C) WACC = 13.00 percent
Answer: A) WACC = 12.65 percent
Explanation:
WACC = (Cost of equity * weight of equity) + (weight of debt * cost of debt * (1 - tax rate)
= (0.15 * 0.8) + (0.2 * 0.05 * (1 - 0.35))
= 0.12 + 0.0065
= 12.65%
in international trade the Monopoly tendency appearing in which form
Answer:A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company.
Explanation:
In international trade monopoly appears in the form of a single seller or producer of a commodity which has no close substitute.
The monopolist is the one that is responsible for setting the price here. He has no competitors. What he sets is what the market buys at.
In such a market only one company renders its service or goods to the entire market. The company usually enjoys abnormal profit due to the reasons that I have stated above.
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On January 2, 2014, Indian River Groves began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2015. Expenditures for the construction were as follows: Indian River Groves borrowed $2,200,000 on a construction loan at 12% interest on January 2, 2014. This loan was outstanding during the construction period. The company also had $8,000,000 in 9% bonds outstanding in 2014 and 2015. The interest capitalized for 2014 was:
Answer:
the expenditures are missing, so I looked for a similar question:
1/2/2014 $400,000 7/1/2014 $1,200,000 12/31/2014 $1,200,000 3/31/2015 $1,200,000 9/30/2015 $800,000Weighted average expenditures for 2014:
January 1 = $400,000 x 1 = $400,000
July 1 = $1,200,000 x 1/6 = $600,000
December 31 = $1,200,000 x 0 = $0
total = $1,000,000
Since the company borrowed $2,200,000 specifically for this construction project, then capitalized interests = $1,000,000 x 12% = $120,000
All employees of United Company are covered by a group hospitalization insurance plan, but the employees must pay the premiums ($8,000 for each employee). None of the employees has sufficient medical expenses to deduct the premiums. Instead of giving raises next year, United is considering paying the employee's hospitalization insurance premiums. If the change is made, the employee's after-tax and insurance pay will:
Answer:
a.Increase more for the higher income (35% marginal tax bracket) employees.
Explanation:
As in the question it is mentioned that the United company will pay the premium of $8,000 on behalf of each employee so it would be compensated from the salary of the employee and it could be comes under the taxable income
Therefore as per the given options, the option a is correct as it would be taxed at 35% tax rate from the salaries of the employees
Therefore all the other options are incorrect
Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 8.2%, and its cost of preferred stock is 9.3%. If Turnbull can raise all of its equity capital from retained earnings, its cost of common equity will be 12.4%. However, if it is necessary to raise new common equity, it will carry a cost of 14.2%. If its current tax rate is 25%, how much higher wi
Answer:
Turnbull’s weighted average cost of capital (WACC) will be higher by 0.64% if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 8.2%, and its cost of preferred stock is 9.3%. If Turnbull can raise all of its equity capital from retained earnings, its cost of common equity will be 12.4%. However, if it is necessary to raise new common equity, it will carry a cost of 14.2%. If its current tax rate is 40%, how much higher will Turnbull’s weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings? (Note: Round your intermediate calculations to two decimal places.)
The explanation to the answer is now given as follows:
Step 1: Calculation of WACC when all of its equity capital is raised from retained earnings
This can be calculated using WACC formula as follows:
WACCR = (WS * CE) + (WP * CP) + (WD * CD * (1 - T)) ………………… (1)
Where;
WACCR = Weighted average cost of capital when all of its equity capital is raised from retained earnings = ?
WS = Weight of common equity = 36%, or 0.36
WP = Weight of preferred stock = 6%, or 0.06
WD = Weight of debt = 58%, or 0.58
CE = Cost of equity = 12.4%, or 0.124
CP = Cost of preferred stock = 9.3%, 0.093
CD = Before-tax cost of debt = 8.2%, or 0.082
T = Tax rate = 40%, or 0.40
Substituting the values into equation (1), we have:
WACCR = (0.36 * 0.124) + (0.06 * 0.093) + (0.58 * 0.082 * (1 - 0.40))
WACCR = 0.078756, or 7.8756%
Rounding to 2 decimal places, we have:
WACCR = 7.88%
Step 2: Calculation of WACC if it raises new common equity
This can also be calculated using WACC formula as follows:
WACCE = (WS * CE) + (WP * CP) + (WD * CD * (1 - T)) ………………… (2)
Where;
WACCE = Weighted average cost of capital if it raises new common equity = ?
WS = Weight of common equity = 36%, or 0.36
WP = Weight of preferred stock = 6%, or 0.06
WD = Weight of debt = 58%, or 0.58
CE = Cost of equity = 14.2%, or 0.142 (Note: This is the only thing that has changed compared to what we have in Step 1 above.)
CP = Cost of preferred stock = 9.3%, 0.093
CD = Before-tax cost of debt = 8.2%, or 0.082
T = Tax rate = 40%, or 0.40
Substituting the values into equation (2), we have:
WACCE = (0.36 * 0.142) + (0.06 * 0.093) + (0.58 * 0.082 * (1 - 0.40))
WACCE = 0.085236, or 8.5236%
Rounding to 2 decimal places, we have:
WACCE = 8.52%
Step 3: Caculation of how much higher will Turnbull’s weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings.
This can be calculated as follows:
Percentage by which WACC is higher = WACCE - WACCR
Percentage by which WACC is higher = 8.52% - 7.88%
Percentage by which WACC is higher = 0.64%
Therefore, Turnbull’s weighted average cost of capital (WACC) will be higher by 0.64% if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings.
In the challenging world of retail sales, Macy's, Inc.'s (M's) revenues are declining while expenses are generally flat. Based on recent conversations with management at Macy's, analysts believe that dividends will decline at a rate of 7% perpetually. The firm just paid a dividend of $5.10 per share and the required return on the stock is 3%
a) At what price should a share of M stock sell today? (2 pts.)
b) Calculate what the stock should sell for 8 years from now. 12 pts.)
c) Briefly explain, perhaps with the aid of a single calculation, why an investor would still be interested in buying the stock today even though the stock price is predicted to fall acrosats time. (2 pts.)
Answer
a) Gordon's Constant Growth model : P0 = D1 / (r-g)
r = 3% =0.03 , g= -7% = -0.07 , D0 = $5.1
D1 = D0*(1+g)
D1 = 5.1*(1-0.07)
D1 = $4.743
P0 = 4.743/(0.03- (-0.07))
P0 = 4.743/0.10
P0 = $47.43
So, Stock M should sell at a price of $47.43 today
b) Price 8 years from now
==> P8 = D9/(r-g)
P8 = D0*(1+g)^9/(r-g)
P8 = 5.1* (1-0.07)^9 / (0.03- (-0.07))
P8 = 5.1*0.52041108298 / (0.03- (-0.07))
P8 = 2.65410
P8 = $26.54
c) Investor may want to buy the stock today for the Dividends. If the dividends paid are high enough, the present value of the dividends is also high and may more than compensate the fall in stock price. This type of stocks work and give cash flows like a project where the initial cashflows are higher and later cashflows are less because of market factors.
The process of starting, organizing, managing, and assuming the responsibility for a business is called capitalism.
a. True
b. False
Answer: False
Explanation: There you go.
Cabal Products is a division of a major corporation. Last year the division had total sales of $12,880,000, net operating income of $837,200, and average operating assets of $2,833,600. The company's minimum required rate of return is 16%.
The division's residual income is closest to:_________.
a) $1,290,576
b) $383,824
c) $837,200
d) $906,752
All of the following are true of Transportation EXCEPT: A. Transportation systems link geographically separated partners, facilities and customers B. Transportation facilitates the creation of time and place utility in the supply chain C. Transportation managers choose modes of transportation based only on cost D. Transportation has a major impact on company financial performance E. Transportation involves the physical movement of goods between origin and destination points
Answer:
C. Transportation managers choose modes of transportation based only on cost
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The fundamentals of supply chain management are best summed up as a strategic collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
Basically, in supply chain management, transportation plays a significant part in the movement of goods or services from the point of production to the end users or consumers.
Hence, all of the following are true of Transportation;
A. Transportation systems link geographically separated partners, facilities and customers
B. Transportation facilitates the creation of time and place utility in the supply chain
C. Transportation has a major impact on company financial performance
D. Transportation involves the physical movement of goods between origin and destination points
Supply chain management is termed as the effectiveness and efficiency of the management of the goods and services and the production involved in the process of the transformation of the goods and services from the raw materials.
The correct option is C. Transportation managers choose modes of transportation based only on cost.
Option C. Transportation managers choose modes of transportation based only on cost is wrong because the transportation or the transmission of the materials of the consumption is not as per the cost of it but as per the demand and the supply of the goods and services.
It is decided by the supply chain management that looks for the management of the supply of the goods and the services to the consumers for their satisfaction and their satisfaction.
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The fictional country of Anastialia is a small country with rich resources in minerals. In an 8 hr work day it can produce 100 pounds of silver or 50 pounds of copper. If Anastialia decides to produce copper instead of silver it is ignoring the fact that its silver production has a(n)________ to copper.
a. production advantage
b. absolute advantage
c. comparative advantage
Answer:
c. comparative advantage
Explanation:
As we know that
The one pound of silver would be equivalent to 0.5 pound of copper
And,
one pound of copper would be equivalent to 2 pounds of silver
based on this, there is a comparative advantage with respect to the silver production
Hence, the correct option is c.
Therefore all the other options are incorrect
Laramie Trucking's CEO is considering a change to the company's capital structure, which currently consists of 25% debt and 75% equity. The CFO believes the firm should use more debt, but the CEO is reluctant to increase the debt ratio. The risk-free rate, rRF, is 5.0%, the market risk premium, RPM, is 6.0%, and the firm's tax rate is 25%. Currently, the cost of equity, rs, is 11.5% as determined by the CAPM. What would be the estimated cost of equity if the firm used 60% debt?A) 10.95%.
B) 11.91%.C) 12.94%.D) 14.07%.E) 15.29%.
Answer:
Re = 15.29%
Explanation:
beta at current debt level:
11.5% = 5% + (beta x 6%)
6.5% = 6%beta
beta = 6.5% / 6 = 1.083
unlevered beta = 1.083 / {1 + [(1 - tax rate) x debt / equity]} = 1.083 / {1 + [(1 - 40%) x 25 / 75]} = 1.083 / 1.2 = 0.9025
cost of levered beta at 60% debt:
0.9025 = beta / {1 + [(1 - 40%) x 60 / 40]}
0.9025 x 1.9 = beta
beta = 1.7148
Re = 5% + (1.7148 x 6%) = 15.29%
Boots Plus has two product lines: Hiking boots and Fashion boots. Income statement data for the most recent year follow: Total Hiking Fashion Sales revenue $520,000 $380,000 $140,000 Variable expenses 365,000 245,000 120,000 Contribution margin 155,000 135,000 20,000 Fixed expenses 81,000 40,500 40,500Operating income (loss) $74,000 $94,500 $(20,500)Assuming the Fashion line is discontinued, total fixed costs remain unchanged, and the space formerly used to produce the line is rented for per year, how will operating income be affected?A. Increase $157,000.B. Decrease $49,500.C. Increase $6,000.D. Increase $83,000.
Question Completion:
Assuming that the rent received from the Fashion line space is $40,500.
Answer:
Boots Plus
The operating income will be increased by $20,500.
Explanation:
a) Data and Calculations:
Boots Plus Income Statement before the discontinuation of Fashion line:
Total Hiking Fashion
Sales revenue $520,000 $380,000 $140,000
Variable expenses 365,000 245,000 120,000
Contribution margin 155,000 135,000 20,000
Fixed expenses 81,000 40,500 40,500
Operating income (loss) $74,000 $94,500 $(20,500)
Elimination of the Fashion line
Boots Plus Income Statement after the discontinuation of Fashion line::
Total
Sales revenue $380,000
Variable expenses 245,000
Contribution margin 135,000
Fixed expenses 81,000
Rent income 40,500
Operating income (loss) $94,500
Firm C’s demand for a product is 60 units per month. Its supplier charges an ordering cost of $40 per order and $35 per unit with a 20% discount for orders of 100 units or more. Firm C incurs a 20% annual holding cost. Calculate the economic order quantity without the discount. Then calculate the economic order quantity with the discounted price. What will be the change in Firm C’s annual total cost (purchasing, holding, and ordering) if it decides to take advantage of the quantity discount?
Answer:
$5,107.04
Explanation:
The computation of the change in the annual total cost is shown below;
Without a discount, the annual total cost is
The computation of the economic order quantity is shown below:
[tex]= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]
[tex]= \sqrt{\frac{2\times \text{720}\times \text{\$40}}{\text{\$7}}}[/tex]
= 91 units
The annual demand is
= 60 × 12 months
= 720
And, the carrying cost is
= $35 × 20%
= $7
Now The computation of the total cost is shown below:
= Purchase cost + ordering cost + carrying cost
where,
Purchase cost = Annual consumption × Cost per unit
= 720 × $35
= $25,200
Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order
= (720 ÷ 91) × $40
= $316.48
Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit
= (91 ÷ 2) × 7
= $318.50
Now put these values to the above formula
So, the value would equal to
= $25,200 + $316.48 + $318.50
= $25,834.98
Now if we take the economic order be 101
So, the total cost would be
= Purchase cost + ordering cost + carrying cost
where,
Purchase cost = Annual consumption × Cost per unit
= 720 × $35 × (1 - 0.20)
= $20,160
Ordering cost = (Annual demand ÷ EOQ) × Cost to place one order
= (720 ÷ 101) × $40
= $285.14
Carrying cost = (EOQ ÷ 2) × carrying cost percentage × Cost per unit
= (101 ÷ 2) × 7 × (1 - 0.20)
= $282.80
Now put these values to the above formula
So, the value would equal to
= $20,160 + $285.14 + $282.80
= $20,727.94
Now the change in the annual total cost is
= $25,834.98 - $20,727.94
= $5,107.04
Which case below best represents a case of price discrimination? A. A professional baseball team pays two players with different batting averages different salaries. B. A major airline sells tickets to senior citizens at lower prices than to other passengers. C. An insurance company offers discounts to safe drivers. D. A utility company charges less for electricity used during "off-peak" hours, when it does not have to operate its less-efficient generating plants.
Answer:
B. A major airline sells tickets to senior citizens at lower prices than to other passengers.
Explanation:
The pricing strategy refers to a strategy where the company charges the different prices for the similar products to the customers
In the case of the pure price discrimination, the seller would charge the price i.e. maximum he or she would have to pay also it is depend upon the specific characteristics and the amount charged to each and every group through a different price
Therefore the option B is correct
Liam has been employed by the skateboard company, Alien Workshop for two years. Each February, Liam meets with his boss, Brandon, at Bill’s Cafe to review his employee performance over the last 12 months. Brandon reviews Liam’s prior year goals, discusses his performance and whether he met his performance expectations, and then sets goals for Liam to accomplish over the coming year. Brandon has just conducted ________ with Liam.
Answer:
a performance appraisal
Explanation:
Looking at the information above, it is possible to say that Chief Brandon conducted a performance appraisal with Liam.
Performance appraisal is a method that the organization uses to provide feedback to employees on their performance in fulfilling their tasks and obligations in their position at the company.
This review can happen in different periods of time according to the need perceived by each organization, and its central objective is to make an in-depth analysis of the employee's performance, so that possible occurrences in relation to their work are justified and so that the employee can check how your overall performance is doing and look for ways to improve your performance and become more productive and motivated in your position.
Ollie owned stock in a hotel company that announced a dividend, but he did not receive it. This is because he sold the stock before the __________ date had passed.
Answer:
record date
Explanation:
Basically, this rule is applied to shareholders in that if they decide to sell their stock before the company's set record date (ie the date the company checks its financial books) in other to determine those qualify to receive the dividend.
So by selling before this date, Ollie was not part of the record of the company's shareholders and was thus exempted from recieving the dividents.
OKRs were naturally integrated into the management of MyFitnessPal. A successful innovation to the OKR system made by Mike Lee was to match objectives to people rather than match people to objectives.
A. True
B. False
Answer:
A. True
Explanation:
Since in the question it is mentioned that QkR is naturally integrated into the MyFitnessPal management. Also the innovation would become the successful when the objectives are matches according to the people instead matching the people to objectives as in this the people are aligned and understand what the firm wants that they work like this
Therefore the given statement is true
The Financial Calculator Company proposes to invest $12 million in a new calculator-making plant that will depreciate on a straight-line basis. Fixed costs are $3 million per year. A financial calculator costs $10 per unit to manufacture and sells for $30 per unit. If the plant lasts for four years and the cost of capital is 20 percent, what is the accounting break-even level of annual sales? (Assume no taxes.)
Answer:
the accounting break-even level of annual sales is 300,000 units
Explanation:
The computation of the accounting-break even level of annual sales is shown below"
= (Fixed cost + depreciation expense) ÷ (contribution margin per unit)
= ($3 million + ($12 million ÷ 4 years) ÷ ($30 - $10)
= $6 million ÷ $20
= 300,000 units
hence, the accounting break-even level of annual sales is 300,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Apollo Inc. has an unfunded pension liability of $900 million that must be paid in 30 years. If the annual interest rate is 6% compounded semiannually, what is the present value?
Answer:69420 milliom
Explanation:
Nice
Which of the following decisions is part of the HR function of compensation?
A. What responsibilities should be part of an office worker's job
B. How to make sure office workers are treated ethically
C. Which employees will do the best work in the fastest time
D. Whether to pay office workers a wage or a salary
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
Compensation is paying employees for the services rendered. It is a function of the human resources department. Compensation may be in monetary or non-monetary form.
Ensuring fair and timely compensation to workers is a critical function of the human resources managers. The HR evaluates roles and responsibilities periodically to ensure it has a fair compensation scheme. HR has to determine whether employees will work part-time or full-time, whether to employ permanently or by contract or pay salaries or wages.
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to purchase 100 shares at a cost of $38 per share. Record the purchase of treasury stock.
Answer:
Dr Treasury Stock 3,800
Cr Cash 3,800
Explanation:
Preparation of the journal entry to Record the purchase of treasury stock.
Based on the information given we were told that the Clothing Company issues 1,000 shares which means that if the company made decision to purchase 100 shares at the amount of $38 per share later in the year the journal entry to Record the purchase of treasury stock will be :
Dr Treasury Stock 3,800
Cr Cash 3,800
(100 Shares x $38.00 per share)
(Being to record the purchase of treasury stock)