Answer:
$688,800
Explanation:
Calculation for the what should be the total sales commissions at a sales volume of 41,000 units
First step
Using this formula for Sales commission per unit
Sales commission per unit = Total sales commissions ÷ Unit sales
Let plug in the formula
Sales commission per unit= $646,800 ÷ 38,500 = $16.80
Second step is to calculate for the Total Sales commission by using this formula
Total sales commission = Sales commission per unit × Unit sales
Total sales commission= $61.80 × 41,000
Total sales commission =$688,800
Therefore the Total sales commission will e $688,800
Graphically, how does a monopolistically competitive firm determine its profit-maximizing price? Question 7 options: It accepts the price set by the industry-wide forces of supply and demand. The firm's pricing structure is set by government regulators. Graphically, it finds the place where MR = MC and charges the price directly to the left of that point. The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.
Answer:
The correct answer is the last option: The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.
Explanation:
To begin with, the monopolistically competitive firm is working in the market that determines its profit-maximizing price by first determining its output level in the point where it marginal costs equals its marginal revenue and then it charges the price that finds itself above that quantity level determined previously by the output level and that is in the average revenue curve that finds it above the marginal revenue curve
Suppose you were hired as a consultant for a company that wants to penetrate the Comp-XM market. This company wants to pursue a niche differentiation strategy. From last year’s reports, which company would be the strongest competitor?
Answer:
Chester Company is the strongest Competitor
Explanation:
Chester company has developed a strategy of cost cutting to survive best among its competitors. It has cut its routine expenses and has lowered its cost of goods manufactured which can lead to profit maximization. The company has lowered its selling price and customers are more attracted to it because of its cheap price among all other companies supplying same products
Kathy is 48 years of age and self-employed. During 2018 she reported $538,000 of revenues and $107,600 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to an individual 401(k)?
Answer:
Contribute to individual 401(k) = $61,000
Explanation:
Given:
Revenue = $538,000
Expenses = $107,600
Find:
Contribute to individual 401(k)
Computation:
Contribute to individual 401(k) = $55,000
Kathy is younger then 50 years so, She have t pay $6,000 more:
So,
Contribute to individual 401(k) = $55,000 + $6,000
Contribute to individual 401(k) = $61,000
On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared a 5% stock dividend to stockholders of record on March 20. Market value of the stock was $15 on March 17. The entry to record the transaction of March 17 would include a
Answer and Explanation:
The Journal entry is shown below:-
March 17
Stock Dividend Dr, $84,750 (113,000 × 5% × $15)
To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)
To Paid in capital in excess of Par - Common Stock $28,250
(Being stock dividend is recorded)
Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock
Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP Inventory 8 comma 000 units Transferredminusin costs in beginning WIP Inventory $ 113 comma 200 Direct materials cost in beginning WIP Inventory $ 29 comma 500 Conversion costs in beginning WIP Inventory $ 23 comma 750 Units transferredminusin 56 comma 000 units Transferredminusin costs $ 546 comma 300 Units completed 47 comma 000 Costs added: direct materials $ 172 comma 120 Costs added: conversion costs $ 245 comma 570 Ending WIP Inventory 17 comma 000 units (40% complete for materials and 30% complete for conversion) The total cost of units in ending WIP InventoryminusShaping would be closest to
Answer:
Baron Corporation
Total cost of units in ending WIP Inventory would be closest to $300,273.
Explanation:
a) Shaping Department Production Cost Report:
Units Cost Total Cost
Beginning Work in process 8,000
Transferred-in cost in WIP $113,200
Direct materials cost in beginning WIP $ 29,500
Conversion costs in beginning WIP $ 23,750 $ 166,450
Transferred-in during period 56,000 $ 546,300
Costs added to transferred-in:
Direct materials $ 172,120
Conversion costs $ 245,570 $ 963,990
Total cost 64,000 $ 1,130,440
Transferred-out 47,000 $ 830,167
Ending Work in process 17,000 $ 300,273
b) Unit cost = $17.66 ($1,130,440/64000)
c) Cost of Transferred-out units = $830,167 {($1,130,440/64,000) x 47,000}
d) Cost of Ending WIP units = $300,273 {($1,130,440/64,000) x 17,000}
Scott Corporation produces a part for use in the production of one of its products. The per-unit costs associated with the annual production of 1,000 units of this part are as follows: Direct Materials $10.50 Direct labor $24.00 Variable factory overhead $ 5.50 Fixed factory overhead $12.00 Total Costs $52.00 $5,000 of the fixed factory overhead costs associated with the production of this product are common fixed costs. Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit. Scott should:
Answer:
It is cheaper to buy the part. The company will save $5,000.
Explanation:
Giving the following information:
UNitary production cost:
Direct Materials $10.50
Direct labor $24.00
Variable factory overhead $ 5.50
Total avoidable Fixed factory overhead= (12*1,000) - 5,000= 7,000
Larson Company has offered to sell 1,000 units of the same part to Scott Corporation for $42 per unit.
First, we need to calculate the total cost of making the units:
Total cost= (10.5 + 24 + 5.5)*1,000 + 7,000= $47,000
Now, the total cost of buying them:
Buy= 1,000*42= $42,000
It is cheaper to buy the part. The company will save $5,000.
Based on the information given Scott should continue to make the part, saving $2.00 per unit.
Relevant costs to manufacture:
Direct materials $10.50
Direct labor $24.00
Variable factory overhead $5.50
Total $40.00/unit
Relevant cost to purchase $42.00/unit
Net cost to purchase ($2.00)
($40.00-$42.00)
Based on the above calculation Scott should continue to make the part, saving $2.00 per unit.
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Ian Sanders offered to sell his car to Beth Jones for $5,000. Subsequently, Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car. Beth's response represents a(n) ________.
This question is incomplete because the options are missing; here is the complete questions:
Ian Sanders offered to sell his car to Beth Jones for $5,000. Subsequently, Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car. Beth's response represents a(n) ________.
A. Inquiry regarding terms
B. Rejection of the offer
C. Conditional acceptance of the offer
D. Additional term
The correct answer to this question is D. Additional term
Explanation:
In a contract, the terms refer to the specific conditions or obligations the parties involved accept. These terms are usually registered in a document as not following the terms has legal consequences. In the case presented, the answer of Beth represents an additional term because the purpose of her answer is to include a new condition or obligation that the seller of the car should accomplish as part of the agreement between seller and buyer.
What forces have caused cost and management accounting systems designed decades ago to become less relevant and less valuable for organizational employees in today’s globally competitive environment?
Answer with its Explanation:
The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:
The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc. The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.Garrison Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. The following data represents data in the Shaping Department WIP, April 1 7 comma 000 units Transferredminusin costs in WIP, April 1 $79,940 Direct materials (100%) in WIP, April 1 $24,420 Conversion costs (55%) in WIP, April 1 $23,400 Units transferredminusin 49 comma 000 Transferredminusin costs during April $550,900 Units completed 46 comma 000 April direct materials cost $155,500 April conversion costs $239,250 WIP, April 30 10 comma 000 units (100% for materials and 40% for conversion costs) What are the equivalent units for conversion costs?
Answer:
Equivalent Units for conversion = 50,000 units
Cost per equivalent unit for conversion = $5.253
Explanation:
WIP, April 1 = 7,000 units
Transferred-costs in WIP, April 1 = $79,940
Direct materials (100%) in WIP, April 1 = $24,420
Conversion costs (55%) in WIP, April 1 = $23,400
Units transferred = 49,000
Transferred costs during April = $550,900
Units completed = 46,000
April direct materials cost =$155,500
April conversion costs =$239,250
WIP, April 30 =10,000 units
100% for materials and 40% for conversion costs
Required = Equivalent Units for conversion cost?
Solution
Equivalent Units for conversion = 100% of units completed + 40% of units in work in process
Equivalent Units for conversion = (46000 x 100%) + ( 10,000 x 40%)
Equivalent Units for conversion = 46,000 + 4000
Equivalent Units for conversion = 50,000 units
Cost per equivalent unit for conversion = Total conversion cost/Equivalent unts for conversion
Cost per equivalent unit for conversion = (23,400+239,250) /50,000units
Cost per equivalent unit for conversion = $5.253
Which of the following QuickBooks features can be used to save a transaction that will be re-used in the future?
A. Saved transactions
B. Memorized transactions
C. Repeat transactions
D. None of the above
Answer:
B. Memorized transactions
Explanation:
When using QuickBooks, the feature that allows you to save a transaction that will be re-used in the future are known as Memorized Transactions. These are transaction templates that allow the individual to speed up data entry jobs by saving the information that will be repeated. In general, this saves time, reduces mistakes, keeps better tabs on cash in the bank, and increases bookkeeping accuracy.
Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the following income and expenses.
You may assume that Betty will owe $2,502 in self-employment tax on her salon income.
Interest income $11,255
Salon sales and revenue 86,360
Salaries paid to beauticians 45,250
Beauty salon supplies 23,400
Alimony paid to her ex-husband, Rocky 6,000
Rental revenue from apartment building 31,220
Depreciation on apartment building 12,900
Real estate taxes paid on apartment building 11,100
Real estate taxes paid on personal residence 6,241
Contributions to charity 4,237
You may assume that Betty will owe $2,576 in self-employment tax on her salon income, with $1,288 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016.
Required:
Determine Betty's taxable income to file 1040.
Answer:
Explanation:
Interest income - 11,255
Income from self Employment
Salon sales and revenue - 86,360
Beauticians salary - 45,250
Salon supplies 23,400
Total (68650)
Salon income 17,710
Income from rental activities
Rental revenue - 31,220
Depreciation on building 12,900
Real estate taxes 11,100
Total expenses (24,000)
Rental income 7,220
Taxable income calculation
Interest income - 11,255
Salon income 17,710
Rental income 7,220
Total income 36,185
Adjustment
Alimony paid (6000)
1/2 of self employment tax on income (2502/2) (1251)
Total (7251)
Adjusted income 28,934
Less standard deduction (12,000)
Taxable income - 16,934
Bill Dukes has $100,000 invested in a 2-stock portfolio. $32,500 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.70. What is the portfolio's beta
Answer:
0.98
Explanation:
Computation for Bill Duke portfolio's beta
First step is to find the Investment in Y which is:
Investment in Y=100,000-35,000
=$65,000
Second step is to calculate for the Portfolio beta using this formula
Portfolio beta=Respective beta*Respective Investment weight
Portfolio beta =(35,000/100,000*1.5)+(65,000/100,000*0.7)
Portfolio beta=(0.35*1.5) +(0.65*0.7)
Portfolio beta =0.525 +0.455
Portfolio beta=0.98
Therefore the Portfolio Beta will be 0.98
An investment of $800 was deposited to a bank semiannually for two years. The bank offered an interest rate of 8%, compounded continuously at the time of deposit. How much money will be in the account at the end of two years
Answer:
The amount of money that will be in the account at the end of two years is $3,533.06.
Explanation:
Since the deposit will be made at the beginning of each period, the relevant formula to use is the formula for calculating the Future Value (FV) of an Annuity Due is employed as follows:
FV = M * {[(1 + r)^n - 1] ÷ r} * (1 + r) ................................. (1)
Where,
FV = Future value or the amount in the account after 2 years =?
M = Semiannual deposit = $800
r = Semiannual interest rate = 8% ÷ 2 = 4%, 0.04
n = Number of periods the deposit will be made = 2 years × 2 = 4
Substituting the values into equation (1), we have:
FV = $800 * {[(1 + 0.04)^4 - 1] ÷ 0.04} * (1 + 0.04)
FV = $800 * 4.246464 * 1.004
FV = $3,533.06
Therefore, the amount of money that will be in the account at the end of two years is $3,533.06.
Your cousin is currently 88 years old. She will be going to college in 1010 years. Your aunt and uncle would like to have $ 95 comma 000$95,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.2 %4.2% per year, how much money do they need to put into the account today to ensure that they will have $ 95 comma 000$95,000 in 1010 years?
Answer:
PV= $62,957.35
Explanation:
Giving the following information:
Future value= $95,000
Number of years= 10
Interest rate= 4.2%
To calculate the initial investment required to reach the objective, we need to use the following formula:
PV= FV/(1+i)^n
PV= 95,000/(1.042^10)
PV= $62,957.35
____________ has been at the center of the changes taking place that affect the supply chain. Group of answer choices logistics warehousing technology customer power
Answer:
technology
Explanation:
Technology has changed the mode of supply of products to customers.
It has increased the efficiency of supply chain and has also increased the speed of supply
For example, due to technology one can now track ones orders. This is an example of how technology has increased the efficiency of supply chain.. It has made it easier for customers to monitor their orders and has also reduced loss of goods.
I hope my answer helps you
On December 31, there were 41 units remaining in ending inventory. These 41 units consisted of 5 from January, 7 from February, 9 from May, 7 from September, and 13 from November. Using the specific identification method, what is the cost of the ending inventory
Answer:
$6,023
Explanation:
Calculation for the Ending inventory
Using this formula
Ending inventory =January units ×costs +February units×costs +May units × cost+September units ×costs + November units × costs
Let plug in the formula
Ending inventory =5×123+7×133+9×143+7×153+13×163
Ending inventory =$615+$931+$1,287+$1,071+$2,119
Ending inventory =$6,023
Therefore the Ending inventory is $6,023
You own 500 shares of ABC stock. The stock has been declining in price and is now selling for $30 a share. You decide to sell all your shares and place a limit sell order at a price of $30 a share. When you order reaches the trading desk, the market price has declined to $29 a share. The next day the price falls to $18 a share. What is the status of your order
Answer:
The order has not yet been executed which means you still own 500 share
Explanation:
The status of your order is that the order has not yet been executed which means you still own 500 share because despite that you own the 500 shares of ABC stock in which the stock has been declining in price but now sells for $30 per share in which you wanted to sell all the shares thereby placing a limit sell order at a price of $30 per share but the shares continue to decline from $30 per share to $29 per share to $18 per share, their wont be any cause for alarm because the order has not yet been executed which means that the 500 shares is still in your custody.
Nike decides to invest $60,000,000 into a shoe factory in Vietnam from its money market account. The money market account was earning 1% in interest per year or $600,000. Nike could have also earned $200,000 from investing the $60,000,000 in a handbag factory. What is its opportunity cost for Nike based off of the information in presented this situation
Answer:
$200,000
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
The opportunity cost of Nike is what they would have earned if they invested in the bag industry instead. so it is, $200,000.
I hope my answer helps you
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who together produced an average of 70 carts per hour. Workers receive $18 per hour, and machine cost was $30 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by 6 carts per hour.
A. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
B. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
C. Comment on the changes in productivity according to the two measures.
Answer:
A. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
old system = 70 carts / 6 workers = 11.67 carts per workernew system = 76 carts / 5 workers = 15.2 carts per workerB. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
old system = 70 carts / ($108 + $30) = 0.51 carts per dollarnew system = 76 carts / ($90 + $41) = 0.58 carts per dollarC. Comment on the changes in productivity according to the two measures.
The new system is more productive and efficient since it uses less workers to produce a higher output. The additional costs of implementing the new system are lower than the cost of employing more workers.Explanation:
Multi factor productivity = total output / (cost of wages + material cost + overhead cost)
Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.10 per direct labor hour and the fixed overhead rate is $1.50 per direct labor hour. Andrews expects to have 620 chairs in ending inventory. There is no beginning inventory of office chairs.
Required:
1. Calculate the unit product cost. (Note: Round to the nearest cent.)$
2. Calculate the cost of budgeted ending inventory. (Note: Round to the nearest dollar.)$
Answer:
Instructions are below.
Explanation:
Giving the following information:
Direct material= $14
Direct labor= 1.9 direct labor hours at $16 per direct labor hour.
Variable overhead= $1.10 per direct labor hour
Fixed overhead rate= $1.50 per direct labor hour.
Ending inventory (units)= 620
We can calculate the unitary product cost using the absorption or variable costing method. The first one includes the unitary fixed overhead to the unitary product cost.
Absorption costing:
Unitary cost= 14 + 1.9*16 + (1.1+1.5)*1.9= $49.34
Ending inventory= 49.34*620= $30,590.8
Variable costing:
Unitary cost= 14 + 1.9*16 + 1.1*1.9= $46.49
Ending inventory= 46.49*620= $28,823.8
Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of $780,000 at the end of the year. Net credit sales during the year amounted to $7,200,000. The accounts receivable turnover ratio was
Answer:
9
Explanation:
accounts receivable turnover ratio = net credit sales / average accounts receivables
net credit sales = $7,200,000average accounts receivable = (beginning balance + ending balance) / 2 = ($820,000 + $780,000) / 2 = $1,600,000 / 2 = $800,000accounts receivable turnover ratio = $7,200,000 / $800,000 = 9
The accounts receivable turnover ratio measures how effectively can a company collect its accounts receivables during a certain period.
Following are the transactions and adjustments that occurred during the first year of operations at Kissick Co.
A. Issued 195,000 shares of $5-par-value common stock for $975,000 in cash.
B. Borrowed $550,000 from Oglesby National Bank and signed a 10% note due in three years.
C. Incurred and paid $410,000 in salaries for the year.
D. Purchased $730,000 of merchandise inventory on account during the year.
E. Sold inventory costing $590,000 for a total of $910,000, all on credit.
F. Paid rent of $220,000 on the sales facilities during the first 11 months of the year.
G. Purchased $190,000 of store equipment, paying $52,000 in cash and agreeing to pay the difference within 90 days.
H. Paid the entire $138,000 owed for store equipment and $630,000 of the amount due to suppliers for credit purchases previously recorded.
I. Incurred and paid utilities expense of $38,000 during the year.
J. Collected $845,000 in cash from customers during the year for credit sales previously recorded.
K. At year-end, accrued $55,000 of interest on the note due to Oglesby National Bank.
L. At year-end, accrued $20,000 of past-due December rent on the sales facilities.
Required:
Prepare an income statement (ignoring income taxes) for Kissick Co.'s first year of operations and a balance sheet as of the end of the year.
Answer:
signed a 10% note due in three years.
C. Incurred and paid $410,000 in salaries for the year.
D. Purchased $730,000 of merchandise inventory on account during the year.
E. Sold inventory costing $590,000 for a total of $910,000, all on credit.
F. Paid rent of $220,000 on the sales facilities during the first 11 months of the year.
G. Purchased $190,000 of store equipment, paying $52,000 in cash and agreeing to pay the difference within 90 days.
H. Paid the entire $138,000 owed for store equipment and $630,000 feel feel guy guess join
(Calculating the cash conversion cycle) Network Solutions just introduced a new, fully automated manufacturing plant that produces 2,000 wireless routers per day with materials costs of $50 per router and no other costs. The average number of days a router is held in inventory before being sold is 45 days. In addition, the company generally pays its suppliers in 30 days, while collecting from its customers after 25 days.
a. What is the cash conversion cycle?
b. What would happen to the cash conversion cycle if the company could stretch its payments to suppliers from 30 days to 50 days?
c. How much would working capital financing be reduced if the company stretched its payments to suppliers from 30 days to 50 days?
Answer and Explanation:
The computation is shown below:
a. As we know that
Cash conversion cycle is
= Days inventory outstanding + days sale outstanding - days payable outstanding
= 45 days + 25 days - 30 days
= 40 days
b. Now if the payment of supplier changed from 30 days to 50 days which is
Cash conversion cycle is
= Days inventory outstanding + days sale outstanding - days payable outstanding
= 45 days + 25 days - 50 days
= 20 days
c. Now the reduction in working capital is
= Difference in days × production × material cost per order
= 20 days × 2,000 × $50
= $2,000,000
We simply applied the above formulas
n investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 9% annually, what is its present value
Answer:
Total PV= $829.28
Explanation:
Giving the following information:
Cash flow:
Cf1to3= $50
Cf4= 250
Cf5= 350
Cf6= 500
Discount rate= 9%
To calculate the present value, we need to use the following formula on each cash flow:
PV= FV/(1+i)^n
Cf1= 50/1.09= 45.87
Cf2= 50/1.09^2= 42.08
Cf3= 50/1.09^3= 38.61
Cf4= 250/1.09^4= 177.11
Cf5= 350/1.09^5= 227.48
Cf6= 500/1.09^6= 298.13
Total PV= $829.28
On 12/31/19, Hite Industries reported retained earnings of $537,500 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/18, the company had reported $445,000 of retained earnings. No shares were repurchased during 2019. How much in dividends did the firm pay during 2019
Answer:
Dividends paid= $227,500
Explanation:
The dividend paid during the year 2019 would be the determined by sum of the opening balance of retained earnings and net income and less the closing balance of retained earnings.
Dividends paid = Retained earnings at the beginning + net income - retained earnings at the end.
Note that the payment of dividends would reduce the amount of retained earnings balance
Dividends paid = 537,500 + 135,000 - 445,000= 227,500
Dividends paid= $227,500
A company acquired three machines for $100,000 in a package deal. The three assets had a book value of $80,000 on the seller's books. An appraisal costing the purchaser $1,000 indicated that the three machines had the following market values.
Machine 1: $30,000 ($20,000)
Machine 2: $40,000 ($25,000)
Machine 3: $50,000 ($35,000)
At what amount should the three assets be individually recorded in the buyer’s books?
Answer:
The Individual assets will be recorded by the buyer as :
Machine 1 = $25,250
Machine 2= $33,667
Machine 3= $42,083
Explanation:
On Initial measurement, IAS 16 requires assets to be measured at cost to the buyer.
Apportion the Cost of $101,000 ($100,000 + $1,000) using individual market values of the assets.
Machine 1 = $30,000 / $120,000 × $101,000
= $25,250
Machine 2= $40,000 / $120,000 × $101,000
= $33,667
Machine 3= $50,000 / $120,000 × $101,000
= $42,083
A sale by IBM of new stock to the public would be a(n) Group of answer choices secondary-market transaction. short sale. private placement. initial public offering. seasoned equity offering.
Answer:
seasoned equity offering
Explanation:
A sale by IBM of new stock to the public would be a seasoned equity offering. This term refers to when additional shares or bonds are offered for sale by an existing publicly-traded company, such as IBM in this scenario. Usually, these offerings may include shares sold by existing shareholders, new shares, or even maybe both. But in this particular case are new stocks.
Which of the following characteristics would you expect QRT Software to have? Check all that apply. In this company, decision making is highly centralized. This structure allows an organization to focus on a core competency. The company is highly flexible. This company uses outsourcing extensively to achieve organizational goals.
QRT Software creates and distributes inventory-control software. The heart of QRT Software is a small group of product managers who work with a number of external companies. One company develops the code, another is responsible for marketing, a third for quality control, and a fourth for distribution.
QRT Software is an example of team organization. As a result of this structure, which of the following are you likely to observe? Check all that apply
Answer:
This structure allows an organization to focus on a core competency.
The company is highly flexible.
This company uses outsourcing extensively to achieve organizational goals.
Explanation:
QRT Software can be seen as a well structured virtual organization; it comprises of various interdependent organizations working together through a small central team, hence, the extensive use of outsourcing to achieve the company's needs and goals.
At the same time, the vitual nature of the firm, made decision making to be spread among the external companies, thereby making the central organization to focus on its core competency. In return, this gives the company a lot of flexibility.
The open-ended question post-project evaluation meeting should contain an opportunity to talk about possible additional projects and assume permission to use the customer as a reference with potential customers.
a. True
b. False
Answer:
B. False.
Explanation:
In the rightful manner, this meeting type is said to typically happen in different formats though most of it happens to appear in different video calls, conference or zoom which is popular in recent times. This meeting should contain or entertain the ability for opportunity talks which could yield possibilities in adding works that can benefit the parties involved. But in the case above, assuming the permission to use the customer as a reference with potential customers is totally out of the line so it is said to not totally fall in as post project evaluation.
Discuss what seems to be the primary purposes of the Constitution, and any revisions that would make it a stronger document.
Answer:
The Constitution of the United States has the primary purpose of establishinig the nature and functions of the United States Federal and State government.
The Constitution also has the purpose of establishing the rights that people living the United States have.
The Constitution has been reviewed many times throughout history. This is why it has been amended 27 times. As the world changes, and the needs of the country change as well, the Constitution needs to be kept in continuous revision in case it needs even more amendments in the future.