An argument that opposes the idea of high executive pay is: ___________

a. High salaries provide an incentive for innovation and risk-taking.
b. Not many individuals are capable of running today's large, complex organizations.
c. Top athletes and entertainers make a lot of money, so top executives should, too.
d. High salaries divert resources that could be used to invest in the business.

Answers

Answer 1

Answer:

D

Explanation:

when pay becomes high with respect to several executives or just one, the resources and expense needed to keep the business growing....will be shortened


Related Questions

You project revenue to start at $5,000 for the first month and grow by $200 each month thereafter. You project expenses to begin at $7,000 per month and grow by $50 per month. In what month will you break even (revenue equal to expenses)?

Answers

Answer: 14

Explanation: i took the quiz

In the 13th month will you break even (revenue equal to expenses).

What is revenue?

Revenue is the entire amount of money made through the sale of products and services that are essential to the business's core competencies. Sale or turnover are other terms used to describe advertising revenues.

To make two equations equivalent, we must write them down.

The first one will appear as follows:

200x + 5,000

The x will match the 200 since after the initial $5,000, the program's revenue increases by $200 per month.

The second equation will have the following form:

50x + 7,000

The x will follow the 50 because the project starts out at $7,000 and expands by $50 every month.

Set both now identical to one another.

200x + 5,000 = 50x + 7,000

150x + 5,000 = 7,000

150x = 2,000

x = 13.333

The project therefore will reach breakeven in the 13th month.

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A manufacturer of prototyping equipment wants to have $3,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each year, starting 1 year from now, the equation that represents how much the company is required to deposit each year at 10% per year interest to have the $3,000,000 immediately after the last
deposit is:___________
(a) 3,000,000(A∕F,10%,10)
(b) 3,000,000(A∕F,10%,11)
(c) 3,000,000 + 3,000,000(A∕F,10%,10)
(d) 3,000,000(A∕P,10%,10)

Answers

Answer:

The correct option is (a) 3,000,000(A∕F,10%,10).

Explanation:

Ordinarily, the equation to use to calculate the amount the company is required to deposit each year is given as follows:

A = F * (r / ((1 + r)^n - 1)) ....................... (1)

Where;

A = Annual deposit = ?

F = Future value or accumulated sum of amount = $3,000,000

r = Annual interest rate = 10%, or 0.01

n = Number of years.

The standard notation of equation (1) above is given as follows:

A = F(A / F, r, n) ................................ (2)

Substituting the relevant description from the above into equation (2), we have:

A = 3,000,000(A∕F,10%,10)

Therefore, the correct option is (a) 3,000,000(A∕F,10%,10).

Owens Corning has total assets of $800,000, long-term debt of $240,000, stockholders' equity of $350,000, and current liabilities of $210,000. The dividend payout ratio is 30 percent and the profit margin is 8 percent. Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity. What is the external financing need (EFN) if the current sales of $1,000,000 are projected to increase by 20 percent

Answers

Answer:

$50,800

Explanation:

Increase in assets = Current Assets * Percentage change in sales = $800,000 * 20% = $160,000

Increase in current liabilities = Current liabilities * Percentage change in sales = $210,000 * 20% = $42,000

Increase in retaned earning = Increased sales*Profit Margin*Retention ratio = $1,000,000*120%*8%*(1-0.30) = $67,200

External financing need = Increase in Assets - Increase in liabilities - Increase in retained earning

External financing need = $160,000 - $42,000 - $67,200

External financing need = $50,800

Sawyer Industries began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 22,000 units at $30 each. Costs incurred were: Variable manufacturing overhead per unit $ 8 Fixed manufacturing overhead 150,000 Variable selling and administrative cost per unit 2 Fixed selling and administrative cost 100,000 If there were no variances, the company's absorption-costing income would be:

Answers

Answer:

$208,000

Explanation:

The computation of the absorption-costing income is shown below:

As we know that

Net income = Gross profit - variable expense - fixed expense

where,

Gross profit is

= Sales - cost of goods sold

= (22000 units at $30) - (22,000 units at $14)

= $660,000 - $308,000

=  $352,000

The $14 come from

= 8 + 150,000 ÷ 25,000

= 8 + 6

= 14

Now the variable expense is

= 22000 at $2

= $44,000

And, the fixed expense is $100,000

So, the net income is

= $352,000 - $44,000 - $100,000

= $208,000

In a recent benefit-cost analysis of a proposed regulation that generated positive net benefits in the present but negative net benefits in the future, the government used a 5% social discount rate. If it had instead used a 7% social discount rate, the net present value of the policy would have been ______; if it had used a 10% social discount rate, the net present value would have been ______.

Answers

Answer:

A) Lower; lower

Explanation:

Here are the options of this question :

A) Lower; lower B) Lower; higher C) Higher; lower D) Higher; higher

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

The lower the the discount rate, the higher the NPV and the discount the interest rate, the lower the NPV

7% and 10% are both higher than 5% so NPV would be lower in both instances

Let us USE an example

Cash flow in year 0 = $-10,000

Cash flow in year 1 and 2 = 100,000

NPV when discount rate is 5% = $262,324.48

NPV when discount rate is 7% = $252431.60

NPV when discount rate is 10% = $238,685.20

We can see NPV was highest when discount rate is 5%

To find the NPV using a financial calculator:

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  

The correct statement is that the net present value of the policy would have been lower at a 7% discount rate, and also it would be lower at a 10% discount rate.

Cost benefit analysis can be used to calculate the net present value of a policy that is proposed to be adopted and at such rate whether such adoption is beneficial or not.

Cost Benefit Analysis

Cost benefit analysis is referred to as a method of analysis of costs that are borne by an organization and the predicted projections when applied are sensible to be adopted or not.

It is observed that the normal discount rate of the policy is 5% and hence when the government adopts a slightly higher discount rate of 7 and 10 percent the NPV will ultimately be lower.

Hence, using the basic implications of cost-benefit analysis, it can be concluded that the net present values of the policies will be lower at discount rates of 7 and 10 percent respectively.

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i develop my abilities through ​

Answers

Practice is where you get your abilities

Rubin, a freelance software developer, has a meeting with an independent bakery owner to discuss a potential project. Before meeting with the client, Rubin does a thorough research on the client's business and the client's educational background. He develops his proposal accordingly, ensuring to use common words instead of technical jargon. In the given scenario, which of the following communication guidelines does Rubin follow?
A) Avoid bias.
B) Avoid the use of slang.
C) Be concise.
D) Analyze your audience.

Answers

Answer:

d

Explanation:

Communication encompasses all the processes of transmitting information from one person to another.

In order to effectively communicate, one must analyse their audience to ensure that the message is effectively communicated.

Partial balance sheet data for Diesel Additives Company at August 31 are as follows:Finished goods inventory................$ 89,400Supplies.............................................$ 13,800Prepaid insurance..................................9,000Materials inventory..............................26,800Accounts receivable...........................348,200Cash.....................................................167,500Work in process inventory..................61,100Prepare the Current Assets section of Diesel Additives Company's balance sheet at August 31.

Answers

Answer:

Diesel Additives Company

Current Assets section

Materials inventory                                26,800

Work in process inventory                      61,100

Finished goods inventory                      89,400

Supplies                                                    13,800

Prepaid insurance                                    9,000

Accounts receivable                            348,200

Cash                                                        167,500

Total Current Assets                              715,800

Explanation:

Current Assets section of Diesel Additives Company's balance sheet at August 31 is shown above.

Which examples demonstrate common Law Enforcement Services workplaces and employers? Check all that apply.

Otto is a self-employed worker who provides legal advice to people accused of crimes.
Peng monitors people who are swimming at a beach.
Candie oversees legal proceedings in a courtroom to make sure laws are followed properly.
Zoraida works for the municipal government investigating crime scene evidence in a laboratory.
Colleen inspects travelers and baggage in an airport.
Asa sits in an office filling out paperwork to document crimes.

Answers

Answer:

Zoraida works for the municipal government investigating crime scene evidence in a laboratory.

Colleen inspects travelers and baggage in an airport.

Asa sits in an office filling out paperwork to document crimes.

Explanation:

Criminal justice and law enforcement provide challenging but rewarding career paths. The examples of common law enforcement Services workplaces and employers are options 3,4, and 6.

What are some examples of common law enforcement services?

Local legal institutions include police departments and sheriffs. State agencies include state or highway patrol. Government agencies include the FBI and the U.S. Secret Service.

Local, regional, and individual levels of government provide different types of public office.

Hence, the examples of common Law Enforcement Services are

Option 3. Candie oversees legal proceedings in a courtroom to make sure laws are followed properly.Option 4. Zoraida works for the municipal government investigating crime scene evidence in a laboratory.Option 6. Asa sits in an office filling out paperwork to document crimes.

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Halbur Company reported the following for its recent year of operation: From the income statement: Depreciation expense $ 1,200 Loss on sale of equipment 2,800 From the comparative balance sheet: Beginning balance, equipment $ 12,900 Ending balance, equipment 8,200 Beginning balance, accumulated depreciation 2,200 Ending balance, accumulated depreciation 2,700 No new equipment was purchased during the year. What was the selling price of the equipment

Answers

Answer:

$300

Explanation:

From Equipment Account we get :

Cost of Equipment Sold = $12,000 - $8,200 = $3,800

From Accumulated Depreciation Account we get :

Accumulated Depreciation = $2,200 + $1,200 - $2,700 = $700

Using Amounts above to prepare a Disposal Account - Equipment we get :

Cash Proceeds = $3,800 - $700 - $2,800 = $300

Conclusion

The selling price of the equipment $300

Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding and trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for this year follow. Molding Trimming Direct labor hours 52,000 DLH 48,000 DLH Machine hours 30,500 MH 3,600 MH Overhead costs $ 730,000 $ 590,000 Data for two special-order parts to be manufactured by the company in this year follow. Part A27C Part X82B Number of units 9,800 units 54,500 units Machine hours Molding 5,100 MH 1,020 MH Trimming 2,600 MH 650 MH Direct labor hours Molding 5,500 DLH 2,150 DLH Trimming 700 DLH 3,500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base. 2. Determine the overhead cost assigned to each product line using the plantwide rate computed in requirement 1.

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined plantwide overhead rate:

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

total estimated overhead costs for the period= $1,320,000

total amount of allocation base= 100,000

Predetermined manufacturing overhead rate= 1,320,000 / 100,000

Predetermined manufacturing overhead rate= $13.2 per direct labor hour

Now, we can allocate overhead to each product line:

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

Part A27C:

Allocated MOH= 13.2*(5,500 + 700)

Allocated MOH= $81,840

Part X82B:

Allocated MOH= 13.2*(2,150 + 3,500)

Allocated MOH= $74,580

On February 1, 2021, the Xilon Corporation issued 47,000 shares of its no-par common stock in exchange for five acres of land located in the city of Monrovia. On the date of the acquisition, Xilon's common stock had a fair value of $16 per share. An office building was constructed on the site by an independent contractor. The building was completed on November 2, 2021, at a cost of $6,800,000. Xilon paid $4,400,000 in cash and the remainder was paid by the city of Monrovia.

Assuming that Xilon prepares its financial statements according to International Financial Reporting Standards, select all the correct alternatives the company has for recording the acquisition of the office building.

a. Same treatment as GAAP.
b. Deduct the amount of the grant in determining the initial cost of the office building.
c. Record the grant as a liability, deferred income, in the balance sheet and recognize it in the income statement systematically over the office building's useful life.

Answers

Answer:

a. Same treatment as GAAP.

Explanation:

the journal entry should be:

Dr Land 752,000

Dr Building 6,800,000

    Cr Common stock 752,000

    Cr Cash 4,400,000

    Cr Donation revenue 2,400,000

the donation is not a deferred liability, nor the basis of the building be reduced by it.

Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are $360,000 for a standard production run that generates 170,000 pints of Smooth Skin and 300,000 pints of Silken Skin. Smooth Skin sells for $3.20 per pint, while Silken Skin sells for $5.20 per pint. (Do not round intermediate calculations. Round final answers to nearest whole dollar amounts.) Required: 1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method

Answers

Answer and Explanation:

1. The computation of the joint cost of each production assign to the smooth skin by relative sales values method is shown below:

Smooth skin

= $360,000 × (170,000 × $3.20) ÷ (170,000 × $3.20 + 300,000 × $5.20)

= $360,000 × $544,000 ÷ $2,104,000

= $93,080

And, for silken smooth

= $360,000 × (300,000 × $5.20) ÷ (170,000 × $3.20 + 300,000 × $5.20)

= $360,000 × $1,560,000 ÷ $2,104,000

= $266,920

Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three different cost types (A, B, and C) and has a relevant range of operation between 2,500 units and 10,000 units per month. Per-unit costs at two different activity levels for each cost type are presented below. Type A Type B Type C Total 5,000 units $ 4 $ 9 $ 4 $ 17 7,500 units 4 6 3 13 If Shum produces 10,000 units, the total cost would be:

Answers

Answer:

For making 10,000 units

Type A cost =  40,000

Type B Cost = 90,000

Type C Cost = 25,000

Explanation:

Given - Shum Manufacturing, which uses the high-low method, makes a

             product called Kwan. The company incurs three different cost

             types  (A, B, and C) and has a relevant range of operation between  

             2,500 units and 10,000 units per month. Per-unit costs at two

             different activity levels for each cost type are presented below.

                             Type A              Type B                Type C        Total

5,000 units               $4                     $9                       $4              $17

7,500 units                $4                     $6                       $3              $13    

           

To find -  If Shum produces 10,000 units, the total cost would be ?

Proof -

As we know that

Total cost = Variable cost per unit × Units + Fixed Cost

Now,

As per the question ,

Highest Activity unit = 7,500 units

Lowest Activity unit = 5,000 units

Now,

Variable cost per unit = Change in cost / Change in activity unit

= ( Highest Activity cost - Lowest Activity cost ) / ( Highest Activity unit - Lowest Activity unit )

                                            Type A              Type B                Type C      

Highest Activity Cost           30,000              45,000              22,500            

Lowest Activity Cost            20,000              45,000               20,000        

Variable Cost Per unit               4                         0                     1

Fixed Cost                                  0                  90,000                15,000

Now,

                 Statement Showing Total Cost for 10,000 units

Particulars                       Type A                         Type B                    Type C

Variable Cost                   40,000                          0                           10,000

Fixed Cost                              0                               90,000                 15,000

Total                                   40,000                          90,000                 25,000

∴ we get

For making 10,000 units

Type A cost =  40,000

Type B Cost = 90,000

Type C Cost = 25,000

Who is credited with pioneering the principles of the scientific approach to management ?

Answers

Answer:

Frederick Winslow Taylor

Frederick Winslow Taylor was an American mechanical engineer. He was widely known for his methods to improve industrial efficiency. He was one of the first management consultants. 

Frederick Winslow Taylor

Expert Manufacturing reported the​ following: Revenue Beginning inventory of direct​ materials, January​ 1, 2015 Purchases of direct materials Ending inventory of direct​ materials, December​ 31, 2015 Direct manufacturing labor Indirect manufacturing costs Beginning inventory of finished​ goods, January​ 1, 2015 Cost of goods manufactured Ending inventory of finished​ goods, December​ 31, 2015 Operating costs How much of the above would be considered period costs for Expert​ Manufacturing?

Answers

Answer:

$153,000

Explanation:

Note: The full question is attached as picture below

All the operating expenses which are associated with the business on a day-to-day basis or on a period-to-period basis is called period costs, and it generally includes the costs and expenses (excluding non-operating expenses) incurred during the business operation of the given period. Here, in the given balance sheet $153,000 of operating costs are period costs.

Answer the following questions, assuming the year begins January 1. (a) If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1? (b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased? (c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2019? (d) If $1,600 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2019?

Answers

Answer:

A. $800

B. $4,800

August 1, 2019

C.$3,300

$1,500

Explanation:

(a) Calculation for what was the balance in Supplies on January 1

Balance in Supplies on January 1=$950 + $700 - $850

Balance in Supplies on January 1=$800

(b) Calculation for what was the total premium and when was the policy purchased

Total premium=($400 x 12 months)

Total premium= $4,800

Calculation for when was the policy purchased

Prepaid Insurance, 1/31 $2,400

Monthly premium $400

Number of months remaining 6

($2,400/$400)

Hence, The Policy was purchase on August 1, 2019

(c) Salary and Wages Payable at Decemeber 31, 2019 $1,500

Cash Paid $2,500

Salaries and wages payable, 1/31 $800

$3,300

Less: Salaries and wages expense $1,800

Salaries and wages payable, 12/31/19 $1,500

2) Consider the taxi market, a constant cost competitive industry. To operate a taxi an entrepreneur needs a license. Show graphically the impact of this regulation on the market supply and the efficiency of this market (as measured by the deadweight loss). A taxi medallion used to sell for up to 1.3 million dollars in NYC. After the entry of UBER the cost dropped these days to approximately 200,000. Discuss the impact of this change on the performance of this market.

Answers

Answer:

The new entrant of UBER has led the taxi fares to drop by significant amount. The competition has increased and customers have now choice available to choose from lowest fares.

Explanation:

The taxi market is competitive industry but since there was no specific organization behind the taxi union which governs the taxi fares, the taxi drivers were free to charge the fare they want. The entry of UBER in the industry has enables the customers to switch from normal taxi to UBER as it provides ease of online booking with lowest possible standard fares.

Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $151,000, its total variable expenses were $79,700, and its total fixed expenses were $56,600. Required: a. Construct the company's contribution format income statement for April. (Do not round intermediate calculations.) b. Redo the company's contribution format income statement assuming that the company sells 1,900 units. (Do not round intermediate calculations.)

Answers

Answer:

See below

Explanation:

Sales

$151,000

Less:

Variable cost

($79,700)

Contribution margin

$71,300

Less:

Fixed cost

($56,600)

Ney profit

Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in Retained Earnings of $48400. During the year, the company earned net income of $52800, and declared and paid $22000 of dividends. In addition, the company sold additional common stock amounting to $30800. As a result, the balance in retained earnings at the end of the year would be

Answers

Answer:

$79,200

Explanation:

The computation of retained earning at year end is seen below;

= Opening retained earning balance + Net income - dividend paid

= $48,400 + $52,800 - $22,000

= $79,200

Therefore, the retained earnings balance is $79,200

Fill in the blanks to complete the sentence.
A company expects to sell 500 units during the second quarter and 550 units in the third quarter. Currently, during the second quarter, they have 46 units on hand. If they desire safety stock of 10% of the next quarter's sales, __________units will need to be produced in the second quarter.

Answers

Answer:

509 Units

Explanation:

At second quarter,

safety stock = 10%

With 550 units, for target of the next quarter

Then, safety stock = [(550 ×( 10/100) ]

= 55 units.

Buy the remaining unit is 46, and the expected unit to be sold is 500

Then, units that will be neededto be produced in the second quarter. Is

= (55 + 500) -46

=509 units

RentAPhone is a new service company that provides European mobile phones to American visitors to Europe. The company currently has 80 phones available at Charles de Gaulle Airport in Paris. There are, on average, 25 customers per day requesting a phone. These requests arrive uniformly throughout the 24 hours the store is open. The corresponding coefficient of variation is 1.
Customers keep their phones on average 72 hours. The standard deviation of this time is 100 hours. Given that RentAPhone currently does not have a competitor in France providing equally good service, customers are willing to wait for the telephones. Yet, during the waiting period, customers are provided a free calling card. Based on prior experience, RentAPhone found that the company incurred a cost of $1 per hour per waiting customer, independent of day or night.
a. What is the average number of telephones the company has in its store?
b. How long does a customer, on average, have to wait for the phone?
c. What are the total monthly (30 days) expenses for telephone cards?
d. Assume RentAPhone could buy additional phones at $1,000 per unit. Is it worth it to buy one additional phone? Why?
e. How would waiting time change if the company decides to limit all rentals to exactly 72 hours? Assume that if such a restriction is imposed, the number of customers requesting a phone would be reduced to 20 customers per day.

Answers

Answer:

Answer:- m = 80

a = 24 hours / 25 customers = 0.96 hours

p = 72 hours

u = p/(m x a) = 72 /(80×0.96)=0.9375

On average 93.75% of the phones are in use. 0.9375 x 80 = 75 phones are in use. Thus, 5 phones are available on average.

From above it is clear that 93.75%% of total phones are in use therefore total number of cell phones in use = 0.9375*80=75

So only 5 phones are available.

Answer:- CVa =1, CVp = 100/72 = 1.3889

Tq =( 72/80*[(0.9375 √2*80+1)-1]/(1-0.9375) * (12+1.88892)/2) = 9.89 hour

Thus average waiting time = 9.89 hours

Explanation:

Answer:- m = 80

a = 24 hours / 25 customers = 0.96 hours

p = 72 hours

u = p/(m x a) = 72 /(80×0.96)=0.9375

On average 93.75% of the phones are in use. 0.9375 x 80 = 75 phones are in use. Thus, 5 phones are available on average.

From above it is clear that 93.75%% of total phones are in use therefore total number of cell phones in use = 0.9375*80=75

So only 5 phones are available.

Answer:- CVa =1, CVp = 100/72 = 1.3889

Tq =( 72/80*[(0.9375 √2*80+1)-1]/(1-0.9375) * (12+1.88892)/2) = 9.89 hour

Thus average waiting time = 9.89 hours

Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby estimated that the total overhead costs would be $72,000 and that the total labour hours would be 2,400. At the end of the year, Bibby obtained the actual overhead costs from the ledger and found that the shop had incurred $65,800 and had worked 2,350 labour hours.
Predetermined (budgeted) overhead rate.
Overhead Rate $30
overhead amount that was applied for the year.
Overhead amount $4700 over applied
Prepare the journal entry to close the overhead account. Assume that the underapplied and overapplied overhead was not material. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry Required" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation Debit Credit

Answers

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700  

   Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $1,450.
b. Cash provided from consulting to customers, $41,100.
c. Cash used for purchase of mining equipment, $64,000.
d. Cash provided from long-term borrowing, $51,000.
e. Cash used for payment of employee salaries, $23,100.
f. Cash used for payment of office rent, $11,100.
g. Cash provided from sale of equipment purchased in c. above, $21,600.
h. Cash used to repay a portion of the long-term borrowing in d. above, $35,500.
i. Cash used to pay office utilities, $3,400.
j. Purchase of company vehicle, paying $9,100 cash and borrowing $14,100
Required:
Calculate cash flows from investing activities.

Answers

Answer:

-$51,500

Explanation:

Calculation for cash flows from investing activities

Cash used for purchasing mining equipment -64,000

Cash provided from sale of equipment $21,600

Purchase of company vehicle -$9,100

Cash used by investing activities -$51,500

Therefore the cash flows from investing activities will be -$51,500

Garcia Industries has sales of $176,500 and accounts receivable of $18,500. Assume all sales to be on credit. The industry average DSO is 27 days, based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the industry average, and if it earns 3.0% on any cash freed-up by this change, assuming other things are held constant, by how much would the net income be affected?

Answers

Answer:

$163.32

Explanation:

Days Sales Outstanding = 365 * Accounts receivable / Sales

If the Days Sales Outstanding falls to the industry average:

27 = 365 * Accounts receivable / $176,500

27 * $176,500 = 365 * Accounts receivable

Accounts receivable = 27 * $176,500 / 365

Accounts receivable = $13,056.16

Increase in net income = Decrease in accounts receivable * 3%

Increase in net income = ($18,500 - $13,056.16) * 3%

Increase in net income = $5,443.84 * 3%

Increase in net income = $163.3152

Increase in net income = $163.32

First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) As a potential borrower, which bank would you go to for a new loan

Answers

Answer:

14.59%

14.49%

Explanation:

Effective annual interest (EAR) = (1 + periodic interest)^m - 1

where m = number of compounding

periodic interest = APR / m

(1 + 0.137/12)^12 - 1 = 14.59%

(1 + 0.14/2)^2 - 1 = 14.49%

On January 1, 20X1, Beard Company purchased a machine for $620,000. The machine is expected to have a 10-year life, with no salvage value, and will be depreciated by the straight-line method. On January 1, 20x1, it leased the machine to Child Company for a three-year period at an annual rental of $128,000 to be paid at the end of each year. Beard could have sold the machine for $817,298 instead of leasing it. Child does not know the implicit rate in the lease, but it has an incremental rate of 9%. Child Company has a December 31 reporting year. Use tables (PV of 1, PVAD of 1, and PVOA of 1 (Use the appropriate factor(s) from the tables provided. Round your intermediate calculations and final answers to the nearest whole dollar amount.)
Required:
1. Why is this an operating lease for Child Company?
2. What are the amounts of the right-of-use asset and lease liab that Child Company should report on its balance sheet at December 31, 20X1?
3. How much lease expense should Child Company recognize in 20X1?

Answers

Answer:

1. Why is this an operating lease for Child Company?

The life of the asset is 10 years while the lease is only 3 years long, so it cannot be classified as a financial lease.

2. What are the amounts of the right-of-use asset and lease liability that Child Company should report on its balance sheet at December 31, 20X1?

annual lease payment = $128,000 (ordinary annuity)

PVIFA, 9%, 3 periods = 2.5313

present value = $128,000 x 2.5313 = $324,006.40

3. How much lease expense should Child Company recognize in 20X1?

lease expense = PV of lease x interest rate = $324,006.40 x 9% = $29,160.58

You borrow $6,230 to buy a car. The terms of the loan call for monthly payments for 5 years a rate of interest of 6 percent. What is the amount of each payment?a. $115.26b. $88.74c. $113.78d. $120.44e. $89.29

Answers

Answer:

orrow $6230 to buy a car. The terms of the loan call for monthly payments for 5 years a rate of interes… ... of interest of 6 percent.

Explanation:

Suppose consumers buy 50 million packs of cigarettes per month at a price of $5 per pack. If a $1 tax is added to that

price, By what percentage does the price change

Answers

Answer:

Percentage change= 20%

Explanation:

Giving the following information:

Selling price before tax= $5

Tax= $1

Selling price after tax= $6

To calculate the percentage increase, we need to use the following formula:

Percentage change= [(Selling price after tax - Selling price before tax)/Selling price before tax]*100

Percentage change= [(6 - 5)/5]*100

Percentage change= 20%

discuss the different situations when the communication exists ​

Answers

Answer:

Communication in Different situations.

1. Communications in different situations Chapter 8

2. The different kind ofcommunication skill is required as per the situation and the functions of the organizations.Communication takes on different characteristics as the situation changes Chapter 8

3. Oral Communication Situations Face-to face InterviewCommunication Telephone

Communication can be divided into three categories: verbal communication, which involves listening to someone to understand what they mean; written communication, which involves reading what they mean; and nonverbal communication, which involves observing someone and drawing conclusions about what they are trying to say.

Why is it important to understand the communication process?

Understanding the communication process is crucial for successful and efficient communication. It consistently directs us toward understanding successful communication. Every person who adheres to the communication process will have the chance to be successful in all facets of their work.

Any type of situation where communication is occurring is referred to as a communicative situation; examples include discussions, text in all forms, radio, and film. Any situation where communication is taking place. There is communication, for instance during a conversation.

Learn more about Communication here:

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