Answer: a. $4.5 million
Explanation:
The depreciation to be recognized is;
= Value of Depreciable assets * Percent of company owned
= 15,000,000 * 30%
= $4,500,000
The pro forma balance sheet shows how the __________ resulting from a strategic plan will be financed.
Answer:
AFN
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The pro forma balance sheet shows how the Additional funds needed (AFN) resulting from a strategic plan will be financed.
What is the balance sheet?A balance sheet is defined as a summary of an individual's or organization's financial balances, whether it is a sole proprietorship, a business partnership, a firm, a private limited company, or another organization such as the government or a not-for-profit entity.
It is one of three core financial statements used to evaluate a company's performance (the other two are the income statement and cash flow statement).
Therefore, The pro forma balance sheet shows how the Additional funds required (AFN) from a strategic plan will be funded.
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Stacy wants to run reports that tell her which vendors provide the best prices on the products she sells.
Answer: Create bill with product/service items > pay bills
-Create expense with product / service items
Explanation:
Here's the complete question:
Stacy wants to be able to run reports in QuickBooks online that will tell her which vendors provide the best prices on the products she sells. Which two Vendor workflows will enable her to create a report with his data?
QuickBook is an accounting software typically used by small and medium sized businesses which typically perform payroll functions, accept business payments, and pay bills.
Based on the scenario in the question, the vendor workflows that will enable her to create a report with his data include:
• Create bill with product/service items > pay bills
• Create expense with product / service items
A stock has an expected return of 13.2 percent, the risk-free rate is 8.5 percent, and the market risk premium is 10 percent. What must the beta of this stock be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer: 47% or 0.47
Explanation:
From the question, we are told that the stock has an expected return of 13.2 percent, the risk-free rate is 8.5 percent, and the market risk premium is 10 percent.
We should note that the expected return is calculated as:
= Risk free rate + beta × market risk premium
Therefore,
13.2% = 8.5% + beta × 10%
0.132 = 0.085 + beta × 0.1
Beta = (0.132 - 0.085) / 0.1
Beta = 0.047 / 0.1
Beta = 0.47
Beta = 47%
Suppose the real rate is 3.2 percent and the inflation rate is 4.8 percent. What rate would you expect to see on a Treasury bill
Answer:
The rate that can be expected on a Treasury bill is 5.41%.
Explanation:
As per Fisher's equation:
Nominal rate = (1 + Real rate) * (1 + Inflation rate) - 1
Nominal rate = (1 + 0.0365) * (1 + 0.017) - 1
Nominal rate = 5.41%
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What is the present value of a cash flow in the amount of $1,000 that occurs today, if the discount rate is 10%
Answer:
the present value is $1,000
Explanation:
The computation of the present value of the cash flow today is as follows:
Given that
Cash Flow, Today = $1,000
Discount Rate = 10%
Based on the above information
Present Value = Cash Flow Today = $1,000
It means that the present value should be equivalent to the cash flow today
hence, the same is to be considered
Therefore the present value is $1,000
Consolidation accounting:______
a. reports the receivables and payables of the parent company only.
b. eliminates all liabilities.
c. combines the accounts of the parent company and those of the subsidiary companies.
d. all of the above.
Answer:
c. combines the accounts of the parent company and those of the subsidiary companies.
Explanation:
Consolidation accounting is the accounting in which the parent company accounts are combined with the subsidiary companies accounts. It can be applied at the time when the parent company takes more than 50% of the shares of the subsidiary company
Therefore as per the given situation, the option c is correct
And, the same is to be considered
The image shows a performance graph.
A graph titled Relationship between Anxiety and Performance. X axis is labeled Anxiety with an arrow pointing right labeled None at left and Extreme at right. Y axis is labeled performance with an arrow pointing up labeled Poor at bottom and Excellent at top. A line forms an arch starting at Poor/none at left, rising to excellent in the middle, and ending at poor/extreme at right.
Which is the best interpretation of the graph?
A small amount of anxiety is not enough to help students perform better on a test.
The higher a student’s anxiety, the greater the probability of a good test score.
A small amount of anxiety can help students perform better on tests.
The higher a student’s anxiety, the lower the likelihood of overcoming it.
please answer correctly ..... or my face will look like this 0-0 and then i will say bruhhh
Answer:
C.
Explanation:
just got it right on Edge
Considering the available options and the graph image, the best interpretation of the graph is that "a small amount of anxiety can help students perform better on tests."
This is evident in the fact that at the middle of anxiety rating, that is where there is the highest performance.
While at the lowest and highest anxiety level, the performance was at a lower level.
Hence, in this case, it is concluded that the correct answer is option C. "A small amount of anxiety can help students perform better on tests."
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During 2009, the U.S. federal government shut off the water to a huge section of farmland in the California Central Valley to save the endangered Delta smelt fish. As a result of that action, 600,000 of acres of good farmland turned into desert land, about 20,000 farm jobs were lost, and almost 1,000 farmers were put out of business. Conclusion: This is a good example of government trying to create a positive externality.
a. True
b. False
Answer:
false
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
The actions of the government had negative effects on third parties (farmers and businesses). This is an example of negative externality
A good has negative externality if the costs to third parties not involved in production is greater than the benefits.
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table:______.
Budgeted Activity
Activity Cost Pool Budgeted Cost Product A Product B Product C
Activity 1 $ 76,000 6600 9600 20,600
Activity 2 $ 51,000 7600 15,600 8600
Activity 3 $ 94,000 3100 1600 2225
How much overhead will be assigned to Product B using activity-based costing?
a. $66,563.37
b. $221,000.00
c. $67,098.29
d. $86,538.10
e. $76,000.00
The risk that a bank will receive less interest from a lending product than it originally anticipated is known as __________.
The risk that a bank will receive less interest from a lending product than it originally anticipated is known as interest rate risk. Hence, Option (A) is correct.
Interest rate risk refers to the potential for a bank to receive less interest from a lending product than it initially expected due to changes in interest rates.
When a bank lends money, it typically sets an interest rate based on current market conditions.
However, if interest rates decrease, borrowers may have an incentive to refinance their loans at lower rates, resulting in the bank receiving less interest income than anticipated.
Conversely, if interest rates increase, borrowers may be less likely to borrow, which can also lead to lower interest income for the bank.
Thus, interest rate risk is a significant concern for banks as it can impact their profitability and overall financial performance.
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The risk that a bank will receive less interest from a lending product than it originally anticipated is known as __________.
a)interest rate risk
b)operational risk
c)prepayment risk
d)market risk
The __ tests various scenarios by entering spreadsheet data to recalculate formulas and see the impact of proposed changes
Answer:
What-if Analysis
Explanation:
The what-if analysis is the process for value changes that shows how those changes would impact the formulas in the given sheet. It comprises of the scenarios, goal seek and the data tables
In this test if the data is entered so it again calculated the formulas in order to see the changes made in the given sheet
Hence, the same is to be considered
The total amount paid by a borrower to a lender for the use of credit?
Answer:
Finance charge
Explanation:
The finance charge represents the total of all costs associated with borrowing money. It includes charges such as the interest, penalties, application fee, insurance on the loan, and any other fees that a lender may impose on the borrower.
While interest is the cost of borrowing money, it is not the only fee for a borrower to obtain credit. The finance charge allows lenders to make profits on the funds they extend to borrowers.
A company purchased new equipment for $45,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,300; sales tax paid $3,100; and installation cost, $2,100. The cost recorded for the equipment was:
Answer:
the cost recorded for the equipment is $52,500
Explanation:
The computation of the cost recorded for the equipment is shown below:
The Cost of equipment is
= Purchase price + Transportation cost + Sales tax + Installation cost
= $45,000 + $2,300 + $3,100 + $2,100
= $52,500
Hence, the cost recorded for the equipment is $52,500
The same is to be considered by applying the above formula
Harlequin Co. adopted the dollar-value LIFO retail method at the beginning of 2021 (its base year). Its beginning inventory for 2021 was $38,500 at cost and $74,500 at retail prices. At the end of 2021, it computed its estimated ending inventory at retail to be $115,000. Assuming its cost-to-retail percentage for 2021 transactions was 40%, and that the retail price index at the end of 2021 was 1.3, what is the inventory balance that Harlequin Co. would report in its 12/31/2021 balance sheet?
Answer:
$ 64,480.00
Explanation:
Calculation for what is the inventory balance that Harlequin Co. would report in its 12/31/2021 balance sheet
First step is to calculate the price index
Price index=(1.3*40%)
Price index=0.52
Second step is to calculate the ending value as per inflation
Ending value as per inflation=[(40%*115,000 / 0.52)-40%*115,000]
Ending value as per inflation=[(46,000 / 0.52)-46,000]
Ending value as per inflation=88,461.54-46,000
Ending value as per inflation=49,961.54
Third step is to calculate the Gross up value
Gross up value=49,961.54*0.52
Gross up value=$25,980.00
Now let calculate the the inventory balance using this formula
Inventory balance= Beginning inventory value + Gross up value
Let plug in the formula
Inventory balance=$ 38,500.00+ $25,980.00
Inventory balance=$ 64,480.00
Therefore the inventory balance that Harlequin Co. would report in its 12/31/2021 balance sheet will be $ 64,480.00
Lee purchased stock with an initial share price of $32, and sold it when the share price was $50. While he owned the stock, he earned $2 in dividends. What was his total percentage return on the investment
Answer: 66.7%
Explanation:
His return on the stock is;
= (New price - Old price + dividends) / Old price
= (50 - 32 + 2) / 32
= 20/ 32
= 66.7%
You just won a state lottery! The lottery offers you a choice: you may choose a lump sum today, or $89 million in 26 equal annual installments at the end of each year. Assume the funds can be invested (yield) at an annual rate of 7.65%. What is the lump sum that would equal the present value of the annual installments
Answer:
the lump sum that would equal the present value of the annual installments is $38,163,612
Explanation:
The computation of the lumspum amount is as follows;
= Cash flow × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest)
= $89 million × (1 - (1 + 0.0765)^-26) ÷ 0.0765)
= $38,163,612
Hence, the lump sum that would equal the present value of the annual installments is $38,163,612
Therefore the above is calculated by applying the given formula
Harold Manufacturing produces denim clothing. This year, it produced 5,230 denim jackets at a manufacturing cost of $41.00 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets.
1. Jackets can be sold to a second-hand clothing shop for $7.00 each.
2. Jackets can be disassembled at a cost of $32,000 and sold to a recycler for $13.00 each.
3.
Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,230 jackets into only 3,100 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $103,000, but the jackets can then be sold for their regular price of $45.00 each.
Required:
1.
Calculate the incremental income.
Alternative 1 Sell to a second-hand shop Alternative 2 Disassemble and sell to a recycler Alternative 3 Rework and sell at regular prices
Incremental revenue
Incremental costs
Incremental income
Answer:
the best option is number 1, sell the jackets to a secondhand store at $7 will yield $36,610 in profits
Explanation:
the previous manufacturing costs can be considered sunk costs because they cannot be recovered, so we must analyze the options to determine which one yields the highest profit.
option 1
sell 5,230 jackets to secondhand stores at $7 each, profit = $36,610
option 2
disassemble the jackets and sell them at $12 each, profit = $67,990 - $32,000 (disassembling costs) = $35,990
option 3
rework the jackets, profit = ($45 x 3,100) - $103,000 = $36,500
the best option is number 1, sell the jackets to a secondhand store at $7 will yield $36,610 in profits
Macroeconomic indicators (measuring output, income, prices, and unemployment)
What type of inventory does paint that has been colored but not yet put into cans represent for a paint company
Answer:
Work in process inventory
Explanation:
Work in process inventory is made up of those goods that are partially completed in the production process.
The various stages inventory goes through are raw material inventory, work in process inventory, and finished goods inventory.
When some work has already been done on the raw material but it is not ready to leave the production process this is work in process.
This is exemplified in the given scenario where paint has been colored but not yet put into cans.
Judy, a single individual, reports the following items of income and loss: Salary $120,000 Loss from rental property (40,000) Judy owns 100% of the rental property and actively participates in the rental of the property. Calculate Judy's AGI (15).
Answer: Judy's AGI is $105,000
Explanation:
Given that;
(income) Salary $120,000
Loss from rental property (40,000)
Now as per 2020 IRS TAX law; we know that;
maximum allowance for loss from rental property in case of active participants is twenty five thousand dollar ($25,000)
Also amount of Gross income in excess of one hundred thousand dollar ($100,000) up to one hundred and fifty thousand dollar ($150,000) is subject to fifty percent (50%) deduction from the loss from rental property
this twenty five thousand dollar ($25,000) is deductible if one has Gross Income of one hundred and fifty thousand dollar ($150,000)
now lets calculate Judy's AGI
AGI before deductions = $120,000
Real estate exception = [$25,000 - ($120,000 - 100,000)×50%]
= $25,000 - $2000×0.5
= ($25,000 - $10,000)
Real estate exception = $15,000
so
AGI = AGI before deductions - Real estate exception
AGI = $120,000 - $15,000
AGI = $105,000
therefore Judy's AGI is $105,000
Mason buys real estate for $1,937,000 and lists ownership as follows: Mason and Dana, joint tenants with the right of survivorship. Mason dies first, when the real estate is valued at $2,518,100. How much is included in Masons gross estate if Mason and Dana are (a) brother and sister and (b) husband and wife
Answer:
a. $2,518,100
b. $1,259,050
Explanation:
The computation is shown below:
a. As a brother and wife whole amount is to be involved i.e. $2,518,100 in the gross estate
b. And as a husband and wife only half amount of real estate is involved as Mason is died
So the half amount would be
= $2,518,100 ÷ 2
= $1,259,050
Pumpkin Corporation purchased land on January 1, 20X6, for $50,000. On July 15, 20X8, it sold the land to its subsidiary, Spice Corporation, for $70,000. Pumpkin owns 80 percent of Spice's voting shares. Based on the preceding information, what will be the worksheet consolidating entry to remove the effects of the intercompany sale of land in preparing the consolidated financial statements for 20X8?
a. Gain on Sale of Land 20,000
Land 20,000
b. Gain on Sale of Land 16,000
Land 16,000
c. Land 16,000
Gain on Sale of Land 16,000
d. Land 20,000
Gain on Sale of Land 20,000
Answer:
a. Gain on Sale of Land 20,000
Land 20,000
Explanation:
The Gain on Sale of land account should be debited by the gain received to remove the effects from the statements as the account had been credited.
The Land account should likewise be credited as the gain had been debited to it. Crediting it would therefore remove the effects of the sale of the land.
Difference = 70,000 - 50,000
= $20,000