Answer:
Agee Company
The equivalent units of production with respect to materials A and B in the ending work-in-process inventory are:
e. A, 6,000; B, 6,000.
Explanation:
a) Data and Calculations:
Material A is added at the beginning of the process and is 100% complete
Material B is added at the stage when Material A is 50% complete and is 100% complete at this stage.
If the firm's ending work-in-process inventory = 6,000 units that 75% complete, it implies that 100% materials of A were added and 100% materials of B were added.
Therefore, the equivalent units of materials A and materials B are 6,000 units each.
I wanna know about debit and credit full explanation
Answer:
Explanation:
A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.
A credit is an entry alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.
Answer:
CREDIT vs. DEBIT
Explanation:
Debit :- A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet ... For instance , if a firm takes out a loan to purchase equipment , it would debit fixed assets and at the same time credit a liabilities account , depending on the nature of the loan .
Credit :- Generally defined as a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date—generally with interest .
Main Difference :- When you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time . When you use a credit card , the amount will be charged to your line of credit , meaning you will pay the bill at a later date , which also gives you more time to pay .
A grocery store that uses local distributors is am example of what stage of globalization
Answer: Domestic stage
Explanation:
In the domestic stage of production, the entity is only involved in the domestic arena. The production facilities they have are limited to the country they are in and they only operate in the domestic market and at this point, the company is not trying to get into foreign markets.
The grocery store above uses only local distributors which means that they are only servicing the local market which therefore puts them at the domestic stage of globalization.
Taxable income of a corporation
a. differs from accounting income due to differences in intraperiod allocation between the
two methods of income determination.
b. differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
c. is based on generally accepted accounting principles.
d. is reported on the corporation's income statement.
Answer:
Option b. Differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
Explanation:
Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.
A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.
During 2020, Inez (a single taxpayer) had the following transactions involving capital assets: Gain on the sale of unimproved land (held as an investment for 3 years) $6,000 Loss on the sale of a camper (purchased 2 years ago and used for family vacations) (5,000) Gain on the sale of ADM stock (purchased 9 months ago as an investment) 2,450 Gain on the sale of a fishing boat and trailer (acquired 18 months ago at an auction and used for recreational purposes) 1,000 Overall, Inez has a long-term capital gain of $ 6,000 and a short-term capital gain of $ 2,450 .
Required:
a. If Inez has taxable income (including the property transactions) of $188,450, what is the income tax regarding these transactions? Her marginal tax rate is 32%.
b. If Inez has taxable income (including the property transactions) of $32,250, what is the income tax regarding these transactions? Her marginal tax rate is 12%.
Answer:
Gain on the sale of unimproved land is a long-term capital gain (6,000)
Gain on the sale of ADM stock is short term capital gain (2,450)
Gain on the sale of a fishing boat and trailer is a long-term capital gain (1,000)
So, the long-term capital gain = $6000 + $1000 = $7000. Short-term capital gain = $2,450
a. Here, Inez is in the 32% tax bracket, so her regular tax rate of 32% exceeds the alternative tax rate of 15%.
Hence, $7,000 long-term capital gain is taxed at 15%, and her short-term capital gain is taxed at 32%.
($7,000 x 15%) + ($2,450 x 32%)
= 1050 + 784
= $1,834
So, the tax is $1,834
b. Here, Inez is in the 12% tax bracket, her regular tax rate of 12% exceeds the alternative tax rate of 0%.
So, her $7000 long-term capital gain is taxed at 0%,
Her 2450 short-term capital gain is taxed at 12%.
= [(7000 x 0%) + ($2450 x 12%)]
= 0 + 294
= $294
So, the tax is $294.
Carmelita Inc., has the following information available:
Costs from Beginning Inventory Costs from current Period
Direct materials $5,800 $22,200
Conversion costs 6,400 149,800
At the beginning of the period, there were 600 units in process that were 42% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,700 units were started and completed. Ending inventory contained 300 units that were 35% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method. Round cost per unit figures to two cents, i.e., $2.22, when calculating total costs.
The total costs that will be transferred into Finished Goods for units started and completed were:________
a. $165,932
b. $111,174
c. $237,666
d. $178,696
Answer:
Carmelita Inc.The total costs that will be transferred into Finished Goods for units started and completed were:________
$168,777.00
Explanation:
a) Data and Calculations:
Direct Materials Conversion
Beginning Inventory $5,800 $6,400
Costs from current period 22,200 149,800
Total costs of production $28,000 $156,200
Equivalent units of production:
Units Direct Materials Conversion
Beginning Inventory 600 0 348 (58%)
Started and completed 4,700 4,700 (100%) 4,700 (100%)
Ending Inventory 300 300 (100%) 105 (35%)
Total equivalent units 5,000 5,153
Cost per equivalent unit:
Direct Materials Conversion
Total costs of production $28,000 $156,200
Total equivalent units 5,000 5,153
Cost per equivalent unit $5.60 $30.31
Costs assigned to units:
Direct Materials Conversion Total
Beginning Work in Process $0 $10,547.88 $10,547.88
Started and completed $26,320 142,457.00 168,777.00
Ending Work in Process 1,680 3,182.55 4,862.55
Total costs assigned $28,000 $156,188 $184,187.43
After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate
Answer:
18.60%
Explanation:
Total labor force = $8 million + $35 million = $43 million
Unemployment Rate = (Unemployed/Labor force)*100
Unemployment Rate = $8 million/$43 million * 100
Unemployment Rate = 0.1860465 * 100
Unemployment Rate = 18.60%
A cola company with processing plants and distributors on every continent is known as which of the following?
global food retailer
worldwide food distributer
international food trader
multinational food manufacturer
Answer:
Multinational Food Manufacturer!
Explanation:
Got it right on Quiz 2022
Sneed Corporation issues 12,700 shares of $49 par preferred stock for cash at $63 per share. The entry to record the transaction will consist of a debit to Cash for $800,100 and a credit or credits to
Answer:
Dr Cash 800,100
Cr Preferred stock 622,300
Cr Additional paid in capital, preferred stock 177,800
Explanation:
Preferred stocks and common stocks are part of stockholders' equity. Whenever they are sold above par value, the difference must be recorded as additional paid in capital. You must also specify which stocks were sold at a higher value.
Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer
Which shop will benefit the most from its expansion?
A. The shops will benefit equally because they are using the same quantity of equipment.
B. Donny, because his workers currently have less available capital to work with
C. The local weight-loss clinic, because the number of doughnuts consumed will increase
D. Sunshine, because her operation was producing more doughnuts to start with
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozen
B. about 50 dozen
C. at least 100 dozen
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozen
B. at least 80 dozen
C. at least 100 dozen
Answer:
Which shop will benefit the most from its expansion?
B. Donny, because his workers currently have less available capital to work withThe law of marginal returns applies here, that is why Sunshine donuts didn't produce twice as many by using more machines
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozenSimilar to the additional production that Sunshine had in the past.
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozenMaybe even a little more than 50 dozen, but definitely less than 80 or 100.
The following information is available for Wonderway, Inc., for 2015:
Factory rent $28,700
Company advertising 19,900
Wages paid to laborers 83,600
Depreciation for president's vehicle 8,050
Indirect production labor 1,990
Utilities for factory 31,400
Production supervisor's salary 31,600
President's salary 61,300
Direct materials used 35,600
Sales commissions 7,640
Factory insurance 13,600
Depreciation on factory equipment 28,000
Required:
a. Calculate the direct labor cost for Wonderway.
b. Calculate the manufacturing overhead cost for Wonderway.
c. Calculate the prime cost for Wonderway.
d. Calculate the conversion cost for Wonderway.
e. Calculate the total manufacturing cost for Wonderway.
f. Calculate the period expenses for Wonderway.
Answer:
a. $81,610
b. $135,290
c. $117,200
d. $216,900
e. $252,490
f. $96,890
Explanation:
direct labor cost = $83,600 - $1,990 = $81,610
manufacturing overhead cost = $28,700 + $1,990 + 31,400 + $31,600 + $13,600 + 28,000 = $135,290
prime cost = $35,600 + $81,610 = $117,200
conversion cost = $81,610 + $135,290 = $216,900
total manufacturing cost = $135,290 + $117,200 = $252,490
period expenses = $19,900 + $8,050 + $61,300 + $7,640 = $96,890
Bradley Snapp has deposited $5,291 in a guaranteed investment account with a promised rate of 4% compounded annually. He plans to leave it there for 6 full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make
Answer:
i dont realky understand the question
Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:
• end of year 1: $1,000,
• end of year 2: $1,500,
• end of year 3: $2,000,
• and so on...
with the amount increasing $500 each year until the scholarship reaches $5,000. The annual scholarship will remain at $5,000 until the fund is depleted. If the account balance is less than $5,000 at the end of any year (i.e., after the awarding of the $5,000 for that year), that remaining amount immediately will be awarded as a smaller scholarship, and the account will be closed. The scholarship fund earns interest at an effective annual rate of 8%. Determine how many full $5,000 scholarships will be awarded.
Answer:
18 full scholarships will be awarded
Explanation:
year beginning interest scholarship ending
balance earned awarded balance
1 40000 43200 1000 42200
2 42200 45576 1500 44076
3 44076 47602 2000 45602
4 45602 49250 2500 46750
5 46750 50490 3000 47490
6 47490 51289 3500 47789
7 47789 51613 4000 47613
8 47613 51422 4500 46922
9 46922 50675 5000 45675
10 45675 49329 5000 44329
11 44329 47876 5000 42876
12 42876 46306 5000 41306
13 41306 44610 5000 39610
14 39610 42779 5000 37779
15 37779 40801 5000 35801
16 35801 38666 5000 33666
17 33666 36359 5000 31359
18 31359 33868 5000 28868
19 28868 31177 5000 26177
20 26177 28271 5000 23271
21 23271 25133 5000 20133
22 20133 21743 5000 16743
23 16743 18083 5000 13083
24 13083 14129 5000 9129
25 9129 9860 5000 4860
26 4860 5249 5000 249
Grouper Inc. has decided to raise additional capital by issuing $199,000 face value of bonds with a coupon rate of 6%. In discussions with investment bankers, it was determined that to help the sale of the bonds, detachable stock warrants should be issued at the rate of one warrant for each $100 bond sold. The value of the bonds without the warrants is considered to be $179,100, and the value of the warrants in the market is $23,880. The bonds sold in the market at issuance for $200,900.
Required:
a. What entry should be made at the time of the issuance of the bonds and warrants?
b. Prepare the entry if the warrants were nondetachable.
Answer:
A. Dr Cash 152,000
Dr Discount on bonds payable 40,800
Cr Bond Payable 170,000
Cr Paid-in Capital-Stock Warrants 22,800
B. Dr Cash 152,000
Dr Discount on bonds payable 18,000
Cr Bond Payable 170,000.00
Explanation:
A. Calculation for the Journal entry that should be made at the time of the issuance of both the bonds and warrants
Dr Cash $200,900
Dr Discount on bonds payable $21,735
($199,000 - $177,265)
Cr Bond Payable $199,000
Cr Paid-in Capital-Stock Warrants $23,605
(b) Preparation of the journal entry in a situation were the warrants were nondetachable.
Dr Cash $200,900
Cr Discount on bonds payable $1900
($199,000-$200,900)
Cr Bond Payable $199,000
Workings:
Value assigned to bonds=179,100/($179,100+$23,880)
*$200,900
Value assigned to bonds=179,100/$202,980
*$200,900
Value assigned to bonds=$177,265
Value assigned to warrants=$23,880/$202,980*$200,900
Value assigned to warrants=$23,605
A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______.
Answer:
The company should accept the idea reason been that the profit will increase by $24,000
Explanation:
Calculation to determine What should the company do
First step
Increased CM = [10,750 x (27+(40-45))]- (10,000 x 27)
Increased CM = [10,750 x(27+5)]- (10,000 x 27)
Increased CM = (10,750 x 32) - (10,000 x 27)
Increased CM = $344,000-$270,000
Increased CM = $74,000
Now let calculate the profit
Profit =$74,000-$50,000
Profit=$24,000 Increase
Therefore based on the above calculation The company should accept the idea reason been that the profit will increase by the amount of $24,000
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 61,000 labor-hours. The estimated variable manufacturing overhead was $11.00 per labor-hour and the estimated total fixed manufacturing overhead was $1,159,000. The actual labor-hours for the year turned out to be 64,600 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)
Answer:
$30.00 per labor - hour
Explanation:
Computation of the company's predetermined overhead rate for the recently completed year.
First step is to calculate the Variable manufacturing overhead using this formula
Variable manufacturing overhead = Variable manufacturing overhead per labor hour * Budgted labor hours
Let plug in the formula
Variable manufacturing overhead=$11 * 61,000
Variable manufacturing overhead=$671,000
Second step is to calculate Total estimated overhead cost using this formula
Total estimated overhead cost = Variable manufacturing overhead + Fixed manufacturing overhead
Let plug in the formula
Total estimated overhead cost=$671,000 + $1,159,000
Total estimated overhead cost=$1,830,000
Now let calculate the Predetermined overhead rate using this formula
Predetermined overhead rate = Total Estimated overhead cost / Estimated labor hours
Let plug in the formula
Predetermined overhead rate=$1,830,000 / 61,000
Predetermined overhead rate=$30.00 per labor - hour
Therefore the company's predetermined overhead rate for the recently completed year will be $30.00 per labor - hour
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $ 11,700 Debt $ 15,700 Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable income $ 6,100 Total $ 38,200 Total $ 38,200 Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)
Answer:
9.69%
Explanation:
Calculate for the internal growth rate
First step is to calculate the ROA
ROA = $4,819/$38,200
ROA=.1262*100
ROA= 12.62%
Second step is to calculate the plowback ratio b
The plowback ratio, b= 1 – .30
b= .70
Now let calculate the Internal growth rate using this formula
Internal growth rate=(ROA × b)/[1 – (ROA × b)]
Let plug in the formula
Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]
Internal growth rate=.0969*100
Internal growth rate= 9.69%
Therefore the internal growth rate will be 9.69%
What is an alternative plan?
A) Deadline
B) Plan
C) Inventory
D) Contingency Plan
Explanation
alternative plan means a plan of reorganization (other than the Plan) that does not include Investor and/or funds managed by Investor as the sole new money underwriter.
ANSWER
PLAN
MARK AS BRAINLIEST PLEASE
Three years ago, you invested $3,350.00. Today, it is worth $4,100.00. What rate of interest did you earn
Answer:
6.97%
Explanation:
the formula to be used is
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$4,100.00 = $3,350.00 x ( 1 + r)^3
divide both sides of the equation by $3,350.00
$4,100.00 / $3,350.00 = ( 1 + r)^3
1.223881 = ( 1 + r)^3
find the cube root of both sides
1.069661 = 1 + r
r = 6.97%
What is the ability to adapt to changes?
A Master Plan
B Inventory
C Flexibility
D Timeline
Answer:
The answer is C Flexibility.
Explanation:
Answer:
a .master plan
Explanation:
im not sure
at the beginning of the month there were no units in beginning work in process and 115,000 units were begun during the month. At the end of the month there were 40,000 units that were 30% complete as to conversion costs in ending work in process. If all materials are included when the production begins, the equivalent units for conversion costs is:
Answer:
The equivalent units for conversion costs is 87,000 units
Explanation:
First, we need to calculate the completed during the month
Completed units = Units begun during the month - Units in Work in process
Completed units = 115,000 - 40,000
Completed units = 75,000 units
Now calculate the equivalent unit in respect of conversion cost as follow
Equivalent units ( Conversion cost ) = Units completed in the month + ( Units in work in process x percentage of completion )
Equivalent units ( Conversion cost ) = 75,000 units + ( 40,000 x 30% )
Equivalent units ( Conversion cost ) = 75,000 units + 12,000 unints
Equivalent units ( Conversion cost ) = 87,000 units
What are the primary reasons food producers can increase profits by participating in a local direct market?
They get higher prices and keep all the retail sales.
The local government gives them tax breaks.
The local community supports their efforts with donations.
They save on transportation and travel costs.
Answer:
What are the primary reasons food producers can increase profits by participating in a local direct market? They get higher prices and keep all the retail sales
Explanation:
Below are approximate amounts related to balance sheet information reported by five companies in previous years.
1. ExxonMobil reports total assets of $196 billion and total liabilities of $91 billion.
2. Citigroup reports total liabilities of $1,340 billion and stockholders' equity of $94 billion.
3. Amazon reports total assets of $3.1 billion and total stockholders' equity of $0.14 billion.
4. Nike reports an increase in assets of $1.04 billion and an increase in liabilities of $0.3 billion.
5. Kellogg reports a decrease in liabilities of $0.40 billion and an increase in stockholders' equity of $0.02 billion.
Required:
a. What is the amount of stockholders' equity of ExxonMobi?
b. What is the amount of total assets of Citigroup?
c. What is the amount of total liabilities of Amazon.com?
d. What is the amount of the change in stockholders' equity of Nike?
Answer:
a. The amount of stockholders' equity of ExxonMobil is $105 billion.
b. The amount of total assets of Citigroup is $1,434 billion
c. The amount of total liabilities of Amazon.com is $2.96 billion.
d. The amount of the change in stockholders' equity of Nike is $0.74 billion
Explanation:
We will the accounting equation to answer the question
Accounting Equation
Total Assets = Total Equity + Total Liabilities
a.
ExxonMobil
Where
Total assets = $196 billion
Total liabilities = $91 billion
Placing values in the equation
$196 billiom = Total Equity + $91 billion
Total Equity = $196 - $91 billion
Total Equity = $105 billion
b.
Citigroup
where
Total liabilities = $1,340 billion
Stockholders' equity = $94 billion
Placing values in the equation
Total Assets = $94 billion + $1,340 billion
Total Assets = $1,434 billion
c.
Amazon.com
Where
Total assets = $3.1 billion
Total stockholders' equity = $0.14 billion
placing values in the equation
$3.1 billion = $.14 billion + Total Liabilities
Total Liabilities = $3.1 billion - $.14 billion
Total Liabilities = $2.96 billion
d.
Nike
Change in Assets = Change in equity + Change in liabilities
Where
Increase in assets = $1.04 billion
Increase in liabilities = $0.3 billion
Placing values in the equation
$1.04 billion = Change in equity + $0.3 billion
Change in equity = $1.04 billion - $0.3 billion
Change in equity = $0.74 billion
Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at well below par value. He has his eye on a bond issued by the Leisure Time Corporation. The $1,000 par value bond pays 6 percent annual interest and has 15 years remaining to maturity. The current yield to maturity on similar bonds is 14 percent.
(a) What is the current price of the bonds? Use Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places, intermediate and final answers to 2 decimal places. Omit the "$" sign in your response.) Current price ________ $
(b) By what percent will the price of the bonds increase between now and maturity? (Round "PV Factor" to 3 decimal places, intermediate and final answers to 2 decimal places. Omit the "%" sign in your response.) Price increases by __________ %
Answer:
a. $508.63
b. 96.6%
Explanation:
a. Bond price = Present value of coupon payments + Present value of par value
Coupon = 6% * 1,000
= $60
Bond price = 60 * (( 1 - (1 + 14%)⁻¹⁵) / 14%) + 1,000 / ( 1 + 14%)¹⁵
= 508.62656
= $508.63
b. At maturity, the bond will return back to its par value of $1,000.
= (1,000 - 508.63) / 508.63
= 96.6%
A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site and using conventional power. Solar cells will cost $18,000 to install and will have a useful life of 5 years with no salvage value. Annual costs for inspection, cleaning, and other maintenance issues are expected to be $2,400. A new power line will cost $27,500 to install, with power costs expected to be $1,000 per year. Since the air sampling project will end in 5 years, the salvage value of the line is considered to be zero. At an interest rate of 10% per year,
a. Which alternative should be selected on the basis of an annual worth analysis
b. What must be the first cost of the above ground line to make the two alternatives equally attractive economically?
Answer:
a) should install the solar cells
alternative 1, solar cells
initial investment $18,000
annual expenses $2,400 (5 years)
NPV = $27,097.89
AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36
alternative 2, power line
initial investment $27,500
annual expenses $1,000 (5 years)
NPV = $31,290.79
AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43
b) $23,307.10
Can someone please help me. I’ll report if your guessing
nicholas omgnicholas omgnicholas omgnicholas omg
Riverboat Adventures pays $500,000 plus $13,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $78,000, a building appraised at $218,400, and paddleboats appraised at $223,600. Compute the cost that should be allocated to the building.
Answer:
$215,460
Explanation:
Apportion the total cost using the appraised values to determine the cost to be allocated to buildings.
Total cost include Purchase price plus closing costs. That is $513,000 ($500,000 + $13,000)
Cost allocated to building is $218,400 / $520,000 x $513,000 = $215,460
what is political geography
Explanation:
Political geography is concerned with the study of both the spatially uneven outcomes of political processes and the ways in which political processes are themselves affected by spatial structures.
MARK AS BRAINLIEST PLEASE
Answer:
Is concerned with the study of both uneven spatially outcomes of processes from politics and the ways in which political processes are affected by spatial structures!
What is a major plan that organizes several other plans?
A Management
B Master Plan
C Deadline
D Plan
A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:
Answer:
An active-passive local server
Explanation: