Answer:
the end of year book value would be $5,160,000.
Explanation:
given data
equity method to account = 40%
ABC paid investment = $5,000,000
total book value = $6,000,000
solution
when there are more than 20% stake in other company
than we apply equity method
so here we use
Amount of investment = $5,000,000
Share in net incom (600,000 x 40%) = $240,000
Share in the dividend (200,000 x 40%) = -$80,000
Book value at the end of the year = $5,160,000
So the end of year book value would be $5,160,000.
Devi was divorced in 2018 and receives child support of $250 per month from her ex-husband for the support of their 8-year-old son, John, who lives with her. Devi is 45 and provides more than half of her son's support. What would the amount of credit be?
Answer:
sorry for wasting your time but Devi has depression thats what he got
When a beekeeper places his hives of bees in an orchard so that the bees can gather nectar to produce honey, the bees pollinate the orchard, which increases the yield of fruit. This benefits
Answer:
b. both the beekeeper and the orchard owner
Explanation:
Options "a. only the owner of the orchard b. both the beekeeper and the orchard owner c. the beekeeper, but it creates a negative externality because the bees are a hazard to the orchard. d.only the beekeeper"
Externality is when the cost or benefit of any activity falls upon the bystander and it can either be positive or negative. The Positive externality is when the benefits is enjoyed by the third party or the bystander. The Negative externality is when the costs fall upon the bystander.
Honey bees are very good pollinating agents, the rearing of honey bee not only benefits the beekeeper by producing honey but also the plants by helping them pollinate and increase the flora of the area, that is, it is also helping the orchard owner by increasing his tree count and hence fruit yield.
When GE appointed Jeff Immelt--a white male and long-time GE executive--to succeed Jack Welch--also a white male--as their new CEO, GE was signaling what kind of strategy
Answer:
Stability
Explanation:
When a company wants to make a transition in leadership there are various strategies being such change depending on business needs.
For example a company may want a strategic change, an ambiguous change, an innovative change, or a stable change.
In the given scenario GE appointed Jeff Immelt a white male and long-time GE executive to succeed Jack Welch also a white male as their new CEO.
There is no change in the profile of the new leader, and the fact that he is a long-time GE executive shows they want to maintain the same traditions as before.
So this is a stable strategy
Binta always consumes Chick-fil-A chicken with Chocolate Milkshake, she will only have some utility if she consumes them together. If Chick-fil-A lowered the price of their chicken, and Binta change her consumption bundle accordingly. Part of this change is due to income effect and the other part is due to substitution effect. True False
Answer:
True
Explanation:
Shown as follows are selected transactions of the architectural firm of Baxter, Claxter and Stone. Inc.
April 5 Prepared building plans for Spangler Construction Company. Sent Spangle: an invoice for $13,200 requesting payment within 30 days, (The appropriate revenue account is entitled Drafting Fees Earned.)
May 17 Declared a cash dividend of S2.400. The dividend will not he paid until June 25.
May 29 Received a SS.4(H) bill from Bob Needham. CPA. for accounting services performed during May Payment is due by June 10. (The appropriate expense account is entitled Professional Expenses.)
June 4 Received full payment from Spangler Construction Company for the invoice sent April 5.
June 10 Paid Bob Needham, CPA, for the bill received on May 29.
June 25 Paid the cash dividend declared On May 17.
Required:
a. Prepare journal entries to record the transactions in the firm's accounting records.
b. Identify any of these transactions that will not result in a change in the company's net income.
Answer:
Baxter, Claxter and Stone. Inc.
a. Journal Entries:
April 5:
Debit Accounts Receivable (Spangler) $13,200
Credit Drafting Fees Earned $13,200
To record the provision of building plans to customer.
May 17:
Debit Dividend Expense $2,400
Credit Dividends Payable $2,400
To record the declaration of cash dividend.
May 29:
Debit Professional Expenses $
Credit Professional Expenses Payable $
To record the receipt of bill from Bob Needham, CPA for accounting services.
June 4:
Debit Cash Account $13,200
Credit Accounts Receivable (Spangler) $13,200
To record the receipt of full payment.
June 10:
Debit Professional Expenses Payable $
Credit Cash Account $
To record the payment of bill to Bob Needham.
June 25:
Debit Dividends Payable $2,400
Credit Cash Account $2,400
To record the payment of dividend.
b. Transactions that will not result in a change in the company's net income are:
May 17 Declared a cash dividend of S2.400. The dividend will not he paid until June 25.
June 4 Received full payment from Spangler Construction Company for the invoice sent April 5.
June 10 Paid Bob Needham, CPA, for the bill received on May 29.
June 25 Paid the cash dividend declared On May 17.
Explanation:
The listed transactions will not affect the net income of the company. Dividends are paid out of net income. The other transactions are transactions involving cash flow. They are not revenue and expenses transactions, which affect net income.
Describe a historical situation where a failure to assess and correctly interpret the external environment resulted in a business' failure. What elements of the external environment were missed
Answer: Nokia case- Lack of assessment for the smart phone
Explanation:
Nokia had a big influence in the international market for cell phone products in the global market. They could not make the assessment for the external market adequately for the need of the smart phone technology. This resulted in their major failure and they began loosing global recognition and lost the entire market share due to the shift from keypad technology to smart phone technology. They could not interpret correctly their external environment and lack of market assessment
Which theory combined the Japanese approach with such features as lifetime employment, employee problem solving, and consensus building, and the traditional Western approach that features short-term employment, specialists, and individual decision making and responsibility. Multiple choice question. Theory X Theory Y Theory Z
Answer:
C). Theory Z
Explanation:
'Theory Z' proposed by William Ouchi was the management technique that gained popularity during the 1980s. The approach is basically a blend of 'Japanese as well American philosophies of management' in order to promote a greater extent of job security, enhanced productivity, and a great degree of employee satisfaction and self-esteem. This theory drastically helped in bringing a downfall in turnover of employees and enhanced productivity. Thus, option C is the correct answer.
On August 1, 2022, Burdick Co. issued bonds with a face value of $600,000. The bonds carry a stated interest rate of 8%; interest is payable each June 1st and December 1st. The bonds were issued at 102 plus accrued interest. The straight-line method is used. The bonds mature on 6/1/25. What was the total cash received on 8/1/22
Answer:
$620,000
Explanation:
the total cash received (dirty price) = clean price + accrued interest = (1.02 x $600,000) + ($600,000 x 8% x 2/12) = $612,000 + $8,000 = $620,000
the clean price of a bond refers to the price of the bond without any type of accrued interest, i.e. the price that the issuer would receive if it sold them at the same date that they were issued.
The dirty price includes both the clean price plus any accrued interest
g The ability to view an organization as a whole, to understand how the various parts fit together, and how it relates to other organizations is a(n) _____ skill.
Answer:
"Conceptual" is the correct response.
Explanation:
Conceptual skills were indeed systems that enable individuals to understand complicated matters throughout terms of developing effective and dynamic alternatives. An individual who seems to have those skills seems to have the authority to bring out yet another comprehensive examination including its reasonably likely inter-relationship among all different ideas and 'philosophies.'Craigmont Company's direct materials costs are $3,900,000, its direct labor costs total $7,810,000, and its factory overhead costs total $5,810,000. Its prime costs total:
Answer: the Prime Cost of a product is a Sum of Direct material Cost consumed and Direct labor Cost consumed for the production of the goods. They are called prime because primarily these costs share the base and major role in the production of any goods.
Explanation:
1. Is there an advantage to being a first mover? What drawbacks are there to pursuing first-mover advantage? Is Tesla pursuing a first-mover advantage with their product launches?
Answer is given below :
Explanation:
Initial Benefits of Mover
Technical Innovation is the first proposer to see high-tech skills in the market while continuing to bring value to their companies. Therefore, later entrants will spend more time improving the product. The first mover can also apply patents for its invention and technology. It is therefore even more difficult for new entrants to challenge the first proposal. Conserving the required resources The first mover can control a lot of resources in the beginning. For example, they can oversee raw materials, experienced workers, early buyers, etc. However, unlike the first shipment, recent competitors do not have enough money, which makes it a challenge for them to succeed in the marketIncrease switching costs The first shipping customer gets the rewards of changing costs, as consumers eventually change their purchasing policies. So with increasing switching costs, the first mover can benefit.disadvantage of first mover
Customers are struggling to adapt to new technology because they are not sure if it works. After all, no one is at risk of trying something new. Innovation is a high-risk task because it costs too much and can fail. Although first movers need to take a huge risk, they need to create something new to open up the market. After successfully opening the market, they will have to face the pressure of potential competition as more and more consumers will try to copy their goods and make money from the market. And, in order to earn revenue in the industry, they have to deal with newcomers.Finally for Tesla, yes. Tesla follows the advantage of the first mover as it focuses exclusively on the new market hybrid cars. Tesla has also released the Model 3, which will help Tesla gain a greater strategic advantage in the electric vehicle market.
1. Max purchased a used car for $3400. He paid 62 % sales tax. How much tax did he pay?
Answer:
$2,108
Explanation:
Max purchases a used car for $3400.
The sales tax paid was 62%
The tax amount would be 62% of $3,400
=62/100 x $3,400
=0.62 x $3,400
=$2,108
Tax amount = $2,108
For students not wanting a traditional major in marketing or accounting, for example, YSU decided to create a general business major, which allowed any combination of the easiest business courses to comprise the program. The competitive priority achieved in this example is:
Answer:
The correct approach is "Customization".
Explanation:
Customization continues to recognize a consumer preference but instead wants to increase consumer satisfaction whilst also implementing the merchandise to individual communities. Configuration of the software systems throughout meeting personal eligibility criteria. Before the next organization could streamline its operational activities utilizing software applications, one must first ensure that the computer seems to be capable of automating together all procedures it requires.How is IMC involved in creating social meaning for a brand?
Answer:
Step-By Step Explanation:
Your friend Burrell says that the government should hire fewer social workers in order to reduce the cost of federal assistance programs. He says reducing administrative costs will allow people to pay much lower taxes.
Consider whether or not his argument is valid.
Most of the leakage in federal assistance programs comes from
a) the administrative costs of running the programs.
b) peoples' responses to financial incentives.
c) the diminishing marginal utility of income.
d) the regressive nature of income taxes in the United States.
Answer: b) peoples' responses to financial incentives.
Explanation:
Burrell would be wrong because the most leakage in federal assistance programs comes from the way people respond to financial incentives.
Some people who have received this assistance from the Federal government have decided that it would be better to keep receiving this assistance instead of working to actually get paid.
This has led to more people seeking assistance thereby increasing the number of people needing assistance and invariably increasing the cost of these federal assistance programs.
Explain how changes in interest rates and rates of return on various investment options will affect the amount of money that businesses are willing to invest to increase output.
Answer:
Interest rates represent the opportunity costs of investors. If the interest rates are too high, then the opportunity cost of making an investment increases, since the investor could simply decide to purchase Treasury Bonds, corporate bonds, or put the money on a CD. As interest rates increase, total output decreases since investment in new projects decreases.
On the other hand, if interest rates lower, the opportunity cost of investors decrease. Investors will be willing to invest in new projects instead of purchasing Treasury Bonds, corporate bonds, or put the money on a CD. As interest rates decrease, total output increases since investment in new projects increases.
Explanation:
In the United States, the richest quintile of the population receives 13 times as much income as the poorest quintile. However, the richest quintile only spends 4 times as much as the poorest quintile.
Identify the possible reason or reasons for this stark difference between income inequality and consumption inequality.
A. The poverty line does not reflect relative poverty.
B. Individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.
C. The richest quintile has the ability to save a larger percentage of its income.
D. Intergenerational mobility allows children to consume more than their parents.
Answer: B. Individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.
C. The richest quintile has the ability to save a larger percentage of its income
Explanation:
Income inequality has to do with the differences in the income of people. It has to do with how incomw I'm an economy are distributed unevenly.
The reason for the difference between income inequality and consumption inequality is that the poor generally spend more of their income on the consumption of goods while the rich save more.
Also, the individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.
Therefore, the correct options are B and C.
The reason behind the stark disparity between income and consumption inequality are;
Individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.The richest quintile has the ability to save a larger percentage of its income.What is the reason behind difference between income inequality and consumption inequality? Low income earns only moderate-income which is only sufficient to fulfill their consumption need with no saving ability. Rich people have a higher tendency to save and invest more than low-income group due to their higher marginal propensity to save.Learn more about income and consumption disparity here:
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Skolits Corp. issued 10-year bonds 2 years ago at a coupon rate of 8.7 percent. The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM
Answer:
7.36%
Explanation:
Nper = (10-2)*2 = 16
Pmt = 1000*8.7%/2 = 43.5
Pv = -108%*1000 = -1080
Fv = 1000
YTM = Rate(Nper, pmt, -Pv, Fv)*2
YTM = Rate(16, 43.5, -1080, 1000)*2
YTM = 0.036795696 * 2
YTM = 0.073591392
YTM = 7.3591392%
YTM = 7.36%
The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $450,000. The Sisyphean Company expects cash inflows from this project as detailed below:
Year One $200,000
Year Two $225,000
Year Three $275,000
Year Four $200,000
The appropriate discount rate for this project is 16%. The NPV for this project is closest to:_________
a. $179,590
b. $450,000
c. $176,720
d. $123,420
Answer:
c.$176,720
Explanation:
Calculation for The NPV for this project
NPV=-450,000+200,000 / (1.16)^1+225,000 / (1.16)^2+275,000 / (1.16)^3+200,000 / (1.16)^4
NPV=-450,000+172,414+167,212+176,181+110,458
NPV=176,720
Therefore The NPV for this project is closest to :176,720
How would the discount effect on marginal revenue differ for a seller increasing sales from 100 units to 101 units compared to an increase in sales from 1,000 units to 1,001 units
Answer:
the discount effect should be smaller for a change between 100 to 101, than for 1,000 to 1,001
Explanation:
The discount effect is basically how much do you need to lower your price (offer a discount) in order to sell one more unit. Generally, companies that sell larger amounts of units must offer larger discounts in order to sell additional units. That is why the discount effect should be larger if the total output is larger.
Based on the information given, the discount effect will be smaller for a change from 100 to 101 units than 1000 to 1001 units.
It should be noted that business mostly prefer to give discount when there's an increase in sales. In such a case, a higher quantity of products will command a higher discount then a lower quantity of product.
Therefire, the discount effect will be smaller for a change from 100 to 101 units than 1000 to 1001 units. The business will give a small discount for a small quantity of goods and vice versa.
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In general, the production and use of capital ________ the productivity of labor and normally ________ wages. A) enhances; drives up B) enhances; drives down C) diminishes; drives down D) has no effect on; has no effect on
Answer: B. enhances; drives down
Explanation:
Capital are the resources that are used by an organization which can bring about an increase in the production of such organization. Organizations undertake capital investment in order to enhance productivity and also increase revenue.
In such cases, this helps in driving down wages. This is because when an organization uses more of capital in its productive activities, less of labor is required which can help drive down wages.
the beta of stock a, stock b, stock C are 1.6, 1.2, and 0.8 respectively if you invest 50% of stock a 25% of Stock B and stock C what is a beta of your investment
Answer:
1.30
Explanation:
Beta of Investment = Beta of Stock A* Weightage of Stock A + Beta of Stock B* Weightage of Stock B + Beta of Stock C* Weightage of Stock C
Stock Beta (A) Weightage (B) Beta of Investment (A*B)
A 1.6 0.50 0.80
B 1.2 0.25 0.30
C 0.8 0.25 0.20
Total 1.30
So, the beta of the investment is 1.30
Arktec manufacturing must choose between the following two capacity options:
Fixed cost (per year) Varriable cost (per year)
Option 1 $500,000 $ 2 per unit
Option 2 $100,000 $10 per unit
A. What would the cost be for each option if demand level is 25,000 units per year? If it is 75,000 units per year? SHOW WORK
B. In general, which option do you think would be better as volume levels increase? as they decrease? why? SHOW WORK
C. What is the indifference point? SHOW WORK
Answer:
See below
Explanation:
A. The cost for each for each option;
•If demand level is 25,000 units per year
Option 1 = $500,000 + ($2 × 25,000 unit
= $500,000 + $50,000
= $550,000
Option 2 = $100,000 + ($10 × 25,000 units)
= $100,000 + $250,000
= $350,000
• If the demand level is 75,000 units per year
Option 1 = $500,000 + ($2 × 75,000 units)
= $500,000 + $150,000
= $650,000
Option 2 = $100,000 + ($10 × 75,000 units)
= $100,000 + $750,000
= $850,000
B. As the volume level increases, option 1 will be better since the variable cost is lower. As the volume decreases, option 2 will be better as the fixed cost is lower.
C. The indifference point
= Differential fixed cost/Differential variable cost per unit
= [$500,000 - $100,000]/[$10 -$2]
= $400,000/$8
= 50,000 units
GlobalTech is a leader in the design and development of mobile sensing technologies for the military market. With the military market stagnating, leadership has recognized, but failed to capitalize on, exciting new growth opportunities in the commercial market.
a. True
b. False
The correct answer is B) false.
GlobalTech is a leader in the design and development of mobile sensing technologies for the military market. With the military market stagnating, leadership has recognized but failed to capitalize on, exciting new growth opportunities in the commercial market.
It has been the opposite. GlobalTech has capitalized on the stagnancy of the military market to offer solutions to commercial applications that can be used by corporations, other government offices, and the citizens.
For instance, GlobalTech has open new markets in the medical industry, developing diagnosis applications that improve the chances to identify diseases on time.
GlobalTech is not alone in the business. It faces a fierce growing competition that is doing the same, that is why GlobalTech has to be a step ahead of the competition.
You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next year. 2) Receiving $850 million today. What do you choose if r
Answer: $80 million per year for 25 years
Explanation:
The option you should choose is one that will guarantee you the highest present value.
This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.
The annual payment is an annuity so the present value can be calculated by:
Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years
= 80,000,000 * Present value interest factor, 8%, 25 years
= 80,000,000 * 10.6748
= $853,984,000
The present value of the annual payment is more than the present value of the $850 million received today so the Annual payment should be taken.
Jetison Industries makes batches of custom novelty items for companies to give away at career fairs. Job X24 for Xcel Corporation consists of 2,000 pens that light up inside the pen base when you write. In addition, the name and address of Xcel Corp. is printed on the pens. Direct material for these pens amount to $1,500; direct labor is $2,800; and manufacturing overhead is $1,600. Based on this information, what is the cost per pen for Job X24
Answer:
$2.95
Explanation:
The cost per pen for job X24 is computed as;
= Total cost of pen / Total output
Total cost of pen = Direct material + Direct labor + Manufacturing over head
Given that;
Direct material = $1,500
Direct labor = $2,800
Manufacturing over head = $1,600
Total output = 2,000 pen
= $1,500 + $2,800 + $1,600
= $5,900 / 2,000
= $2.95
Based on the various costs incurred to make the pen, the cost of a single pen is $2.95.
First find the total cost of producing all those pens:
= Direct material + Direct labor + Manufacturing overhead
= 1,500 + 2,800 + 1,600
= $5,900
The cost per pen is:
= Overall cost of production / Number of pens produced
= 5,900 / 2,000
= $2.95
In conclusion, the cost per pen is $2.95.
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The amount of money you will still need after subtracting scholarships, grants, and work study will help determine the amount of money _____.
A.You need to borrow in loans or pay out of pocket
B.to accept in grants and scholarships
C.to set aside in savings
D.to use for room and board,books and other expenses
Answer:
A.
Explanation:
The amount of money needed after receiving some from scholarships, grants, and work study is the amount A. You need to borrow ..
A student's total amount needed after subtracting the amount received from scholarships, etc. is either funded through borrowings or from the student's own savings (pocket).
The total amount needed is not the amount from grants, for savings, or for other expenses.
It is the amount that the student still requires to cover all expenses which can be sourced from loans or own savings.
Thus, statement A is correct.
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Regarding drug and alcohol testing of employees by employers: a. the Constitution prohibits any public sector employer from testing its employees under any circumstances without a warrant. b. federal legislation sets forth comprehensive guidelines for the practice. c. the constitutional protection from unwarranted search and seizure protects private sector employees from the practice. d. the NLRB makes it a mandatory subject of collective bargaining in a union setting.
Answer:
Option d: The NLRB makes it a mandatory subject of collective bargaining in a union setting.
Explanation:
Drug Testing is commonly use during employment process. It is used prior to hiring. It is a part of the periodic medical exams, to know that employees who have been through drug rehabilitation programs are clean, upon observation of a behavior that create reasonable suspicion of drug use.
National Labor Relations Act is simply a federal statute that is used in governing collective bargaining, among other things, and the law is towards companies with union employees.
There is the Implementation of a drug-testing program, under the NLRA, which is a mandatory subject of collective bargaining that is, an employer is not permitted to initiate or implement a drug-testing program without first negotiating its terms with union representatives.
Global trade with China is Multiple Choice too risky and not worth the effort. dependent upon the success of multinational corporations. an emerging business opportunity for several companies. illegal based on World Trade Organization (WTO) rulings.
Answer:
an emerging business opportunity for several companies.
Explanation:
China is a developed nation with so many businesses that cut across the world. The country is filled with entrepreneurs who are constantly seeking to expand their horizons through collaboration with other nations.
Entrepreneurs who are seeking better ways to do business or the latest technologies to deploy in their businesses can benefit by collaborating with China.
A salesperson preparing a written offer from a prospect may do so by filling in the blanks on a pre-approved broker's contract form if the subject property is a:
Answer: d) small, fully occupied strip mall housing a delicatessan, a dry cleaner, and stationary store
Explanation:
The salesperson is free to fill in the blanks on a pre-approved broker's contract form if the property involved has been developed and is not vacant.
If the property is vacant or undeveloped/ unimproved, the salesperson would have to go to the broker and get them to sign a contract form or else they would be in breach of the law.