Answer:
A. $27,600
B. $348000
Explanation:
A. Calculation for How much gain should Bramble recognize on this exchange
Recognized gain=$441000-$413400
Recognized gain=$27,600
Therefore Bramble recognize on this exchange is $27,600
B. Based on the information given we were told that the company received a used computer that has a fair value of the amount of $348000 from Blossom Company which means that the fair value amount of $348000 is what the acquired computer be recorded.
Suppose the City of Provo is considering adding a special sales tax on either yogurt or ice cream. Supply is essentially equivalent in both markets, but Demand for ice cream is less elastic. Assume that, prior to the tax, market price and quantity are equivalent in the two markets. If the same per-unit tax is imposed on both markets, more revenue would be raised by the tax on ______ and more deadweight loss would occur in the market for ______.
Answer:
The right response is "Ice cream; yogurt".
Explanation:
While the production for ice cream has become less stretchy, this same profitability from those throughout the market besides ice cream would be higher than for yogurt. Dead losing weight seems to be lower when the demand has become less flexible.As a result, extra deadweight loss global community occurs throughout the yogurt industry or real economy.
Smith Services, Inc., was a trucking company established in 2015 and owned by Tony Smith as the sole shareholder. Tony Smith also was the president of the company. Tony Smith set up an account with Laker Express, a fuel provider, on behalf of Smith Services, Inc., and his drivers often would charge fuel purchases for the company trucks to that account. Laker Express then would bill Smith Services regularly for the charges on the account. After several months of low business, Smith Services ceased doing business and was dissolved in 2018, with its assets being distributed to creditors. Laker Express only recovered a small part of the amount owed by Smith Services, Inc. Tony Smith then opened up a new trucking service business as a sole proprietor. Laker Express sought to recover Smith Services' unpaid fuel charges, which amounted to about $35,000, from Smith. Smith argued that he was not personally liable for a corporate debt. Should a court hold Tony Smith personally liable
Answer:
No he should not be held personally liable by a court
Explanation:
A court should not hold him personally liable Because Smith services incorporated was a corporation. Such a business is a separate entity from the people who own it. Since the business smith services was the one that set set up account with Lakers Express, it should be liable for all changes in the account not Tony. This is as Tony did not mix up business activities with personal activities so this court can not rule against limited liability. In the case of these fuel charges, he is not to be held accountable. The employees are.
There are no evidences that formalities were not followed by Tony for the court to hold him liable.
Which measure assesses the profit of an Investment over time by taking Inflation and other costs into account?
Select the best answer from the choices provided.
A prime rate
B. nominal rate of return
C. real rate of return
D. volatility
Which sentence does not control exuberance?
The matter was discussed.
The matter was handled really unfairly.
The matter was not discussed for long.
Answer:
The matter was handled really unfairly
Explanation:
Exuberance in a statement are usually identified by the use of the words - really and completely.
These words tend to give an expression of making excess effort in doing something. So exuberance is not controlled.
Overuse of intensifiers in a sentence shows exuberance and this is not ideal in business communication.
Various intensifiers include - very, definitely, really, actually, totally, extremely, and completely.
What can a producer gain by specializing?
A.sales
B.new customers
C.absolute advantage
D.opportunity costs
g Miller Brooks is planning to purchase a new mobile phone plan. However, she is not sure about which plan to select. The regular plan charges a fixed amount of $55 per month for 1,000 minutes plus $0.33 per minute over 1,000 minutes. The platinum plan charges a fixed amount of $100 per month. for 1,200 minutes plus $0.25 per minute over 1,200 minutes. Answer the following questions: (2 points each) 1) Miller is expecting to use her phone for 21 hours per month. Which plan should she select
Answer:
The platinum plan should be selected.
Explanation:
This can be determined using the following 4 steps:
Step 1: Calculation of the total expected minutes in a month
Total number of expected minutes in a month = Number of hours Miller is expected to use her phone per month * Numbe of minutes in one hour = 21 hour * 60 minutes = 1,260 minute
Step 2: Calculation of the expected cost of regular plan
Expected fixed cost of 1,000 minutes per months = $55
Expected cost of minutes over 1,000 minutes = (Total number of expected minutes in a month - 1,000 minutes) * Cost per minute = (1,260 - 1,000) * $0.33 = 260 * $0.33 = $85.80
Expected cost of regular plan = Expected fixed cost of 1,000 minutes per months + Expected cost of minutes over 1,000 minutes = $55 + $85.80 = $140.80
Step 3: Calculation of the expected cost of platinum plan
Expected fixed cost of 1,200 minutes per months = $100
Expected cost of minutes over 1,200 minutes = (Total number of expected minutes in a month - 1,200 minutes) * Cost per minute = (1,260 - 1,200) * $0.25 = 60 * $0.25 = $15
Expected cost of platinum plan = Expected fixed cost of 1,200 minutes per months + Expected cost of minutes over 1,200 minutes = $100 + $15 = $115
Step 4: Decision
Expected cost of regular plan = $140.80
Expected cost of platinum plan = $115
Since the expected cost of platinum plan of $115 is lower than the expected cost of regular plan of $140.80, the platinum plan should be selected.
Why did Steve and Vic focused on smaller cities rather than Silicon Valley
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for July using the weighted-average inventory method.
Tons of Product Percent of Conversion Added
Beginning Work in Process 230,000 60%
Goods started 570,000 100%
Goods completed 620,000 100%
Ending Work in Process 180,000 70%
A. 758,000
B. 800,000
C. 620,000
D. 746,000
Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. The number of units transferred to finished goods during the year is:
Beginning Work in Process (40% complete, $1,100) 200 units
Ending inventory of Work in Process (80% complete) 400 units
Total units started during the year 3,200 units
A. 3,200 units.
B. 3,000 units.
C. 3,400 units.
D. 3,160 units.
E. 3,500 units.
Answer:
The answer is "746,000 and 3,000".
Explanation:
For question 1:
Statement showing equal units Units of equal value
Units for physics Transition.
WIP(begin) 230000
Current period started 570000
In total 800000
Achieved and moved during current period
Work in process, [tex]620000 \times 100 \%[/tex] 620000 620000
finished (provided) [tex]18000 \times 70\%[/tex] 180000 126000
accounted 800000
Only function (equivalent unit) in the current time 746000
For question 2:
WIP (starting) 200
The new period has begun (given) 3200
Total 3400
Finished and moved during this time [tex](3400-400)[/tex] 3000
Study on this, end (given) 400
Accountable 3400
Please help - Accounting I
For each T account, label the debit and credit side, select Increase side, select Decrease on the decrease side, and identify the normal balance side.
9. Assume your cost is 55% of your revenue of a certain product/services, what is your profit
margin:
Selected accounts with a credit amount omitted are as follows
Work in Process
Apr. 1 Balance 6,100 Apr. 30 Goods finished X
30 Direct materials 61,100
30 Direct labor 191,300
30 Factory overhead 57,390
Finished Goods
Apr. 1 Balance 14,200
30 Goods finished 306,600
What was the balance of Work in Process as of April 30?
a.$57,390
b.$9,290
c.$306,600
d.$14,200
Answer:
b.$9,290
Explanation:
Calculation for What was the balance of Work in Process as of April 30
WORK IN PROCESS=[(61,100+191,300+57,390)-306,600]+6,100
WORK IN PROCESS=(309,790-306,600)+6,100
WORK IN PROCESS=3,160+6,100
WORK IN PROCESS=$9,290
Therefore the balance of Work in Process as of April 30 will be $9,290
Derrick Company issues 4,000 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2020. The stock has a fair value of $120,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2021, the fair value of the stock is $145,000.Instructionsa. Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021.b. On March 4, 2022, Yaping leaves the company. Prepare the journal entry (if any) to account for this forfeiture.
Answer:
A. January 1, 2020
Dr Unearned Compensation 120,000
Cr Common Stock 20,000
Cr Paid-in Capital Excess of Par—Common stock 100,000
December 31, 2021
Dr Compensation Expense30,000
Cr Unearned Compensation 30,000
B. March 4, 2022
Dr Common Stock 20,000
Dr Paid-in Capital Excess of Par 100,000
Cr Unearned Compensation 60,000
Cr Compensation Expense 60,000
Explanation:
Preparation of the journal entry (if any) to account for this forfeiture.
A. January 1, 2020
Dr Unearned Compensation 120,000
Cr Common Stock 20,000
(4,000 * $5)
Cr Paid-in Capital Excess of Par—Common stock 100,000
(120,000-100,000)
December 31, 2021
Dr Compensation Expense30,000
Cr Unearned Compensation 30,000
($120,000 ÷ 4)
B. March 4, 2022
Dr Common Stock 20,000
(4,000 * $5)
Dr Paid-in Capital Excess of Par 100,000
[(60,000+60,000)-20,000]
Cr Unearned Compensation 60,000
Cr Compensation Expense 60,000
(2 * $30,000)
You are choosing the color scheme for a Web page. Which color is considered the color of extremes and is used to capture attention, and to indicate danger and anger?
A: green
B: red
C: yellow
D: purple
please answer this im trying to finish a test <3
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $25 on June 13.
Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. (If no entry is required for a particular event, select "No journal entry required" in the first account field.)
What is the par per share after the split? (Round your answer to 2 decimal places.)
Answer and Explanation:
The journal entry is given below:
Stock dividends Dr $60.00
To Common stock $60.00
(Being the issue of stock dividend is recorded)
Here the stock dividend is debited as it reduced the stockholder equity and credited the common stock as it increased the stockholder equity
Also the par per share after the split is $1
An increase in the price of an item *
A.will cause consumers to buy more of that item
B.will cause consumers to buy less of that item
C.will cause consumers to supply more of that item
Answer:
B most likely
Explanation:
Two roadway designs are under consideration for access to a permanent suspension bridge. Design 1A will cost $2.7 million to build and $175,000 per year to maintain. Design 1B will cost $3.8 million to build and $40,000 per year to maintain. Both designs are assumed to be permanent. Use an AW-based rate of return equation to determine (a) the breakeven ROR and (b) which design is preferred at an MARR of 10% per year. a) The breakeven ROR is %. b) At an MARR of 10% per year, design 1B Correctis preferred.
Answer:
The answer is below
Explanation:
a)
The present cost of design 1A = 2700000 + 175000/r
The present cost of design 1B = 3800000 + 40000/r
Where r is the rate of return.
At breakeven rate of return, the present cost of both designs would be the same. Hence:
2700000 + 175000/r = 3800000 + 40000/r
3800000 - 2700000 = 175000/r - 40000/r
1100000 = 135000/r
r = 135000 / 1100000 = 0.1227
r = 12.27%
Therefore the breakeven rate of return is 12.27%
b) At an MARR of 10% per year, that is r = 0.1:
The present cost of design 1A = 2700000 + 175000/0.1 = $4.45 million
The present cost of design 1B = 3800000 + 40000/0.1 = $4.2 million
At an MARR of 10% per year, design 1B Correct is preferred because it has the lowest cost.
Bank “A” is offering 2% interest and a $100 debit card on a newly opened savings account with a minimum balance of 1,000$ for one year. Bank “B” is offering 5% interest and a $50 debit card on a newly opened a savings account with a minimum balance of $1000 a year. assuming you deposit $1000 which one has the better return (interest plus card value) FOR THE FIRST MONTH?
Answer:
Bank A
Explanation:
5% of 1000 is $50. So they are giving you $50 in interest and $50 on the debit card. Whereas, the other one, 2% of 1000 is $20 in interest and they are giving you $100 debit card. That means you get $100 from Bank B, but you get $120 from Bank A.
The attached photo below has the correct answers
A project is expected to create operating cash flows of $24,500 a year for three years. The initial cost of the fixed assets is $55,000. These assets will be worthless at the end of the project. An additional $4,000 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 10 percent
Answer:
$4,933.13
Explanation:
The computation of the net present value is shown below:
Year Cash flow PVF at 10% Present value
0 -$59,000 1.000 $(59,000.00)
1 $24,500 0.909 $22,272.73
2 $24,500 0.826 $20,247.93
3 $28,500 0.751 $21,412.47
Net present value $4,933.13
prepare a three column cash book from de following information
1 January 2012 balance brought forward from last year
cash 1000
bank 2500
5January cash banked 800
7 January cash sales 1200
10 January cash sales banked 700
15 January paid salaries by cheque 900
21 January cash withdrawn from bank 5300
25 January paid creditors less 10% discount 2050
27 January cash sales less 10% discount 6100
28 January customers paid their account less 10% discount 2400
29 January cash purchases 900
30 January additional capital introduced 1000
31 January cash drawings 480
Utility bills change each monthly, so these are called _____ expenses.
a. Fixed
b. Variable
c. Periodic
d. None of these are correct
Answer:
the answer is c peroidic
1. In this chapter, business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. In what ways is Warby Parker satisfying the needs of its customers?
2. Given that Warby Parker's original idea was to sell online to minimize distribution costs and keep prices low, they now have opened over 50 stores in 22 U.S. states. Do you agree with its more recent decision to open tradi- tional retail stores?
3. Imagine you wear eyeglasses and have just broken your last pair of glasses. Would you purchase glasses from Warby Parker's online store or go to a traditional retailer? Explain your answer.
Answered from a general business perspective.
Explanation:
1. The Warby Parker company is a U.S based enterprise that provides prescription eyeglasses to customers, by so doing they satisfy the reading and seeing needs of society.
2. Yes. It is relatively faster to complete a sale via traditional retail stores since these are closer to customers. For example, a customer who needs to replace their broken reading glasses can simply visit a physical retail store; and the problem is solved rather than going online to place an order that may take days to arrive.
3. Going to a traditional retailer seems to be the best option especially when it's located a few blocks from your home.
On January 1, 2019, Everlasting, Inc. purchased Comet Corporation for $650,000. On that date the net assets of Comet had a book value of $320,000, and book values were equal to fair values with the following exceptions:
FIFO Inventory --Undervalued, $30,000
Land--Undervalued, $10,000
Equipment (5 year life)--Undervalued, $75,000
Patent (5-year life)--Undervalued, $25,000
During 2019, Everlasting had income from its own operations of $220,000 and Comet had net income of $80,000.
38. What amount of 2019 Equity Income was recognized by Everlasting?
______
39. What is 2019 consolidated net income?
______
40. What amount of goodwill appeared on the consolidated balance sheet at December 31, 2019?
______
Answer:
A. $30,000
B. $250,000
C. $190,000
Explanation:
A. Calculation for What amount of 2019 Equity Income was recognized by Everlasting
Based on the information given the amount of 2019 Equity Income that was recognized by Everlasting will be $30,000 which is FIFO Inventory Undervalued amount.
B. Calculation for 2019 consolidated net income
Everlasting had income from its own operations of $220,000
Add FIFO Inventory --Undervalued, $30,000
Consolidated net income $250,000
C. Calculation for What amount of goodwill appeared on the consolidated balance sheet at December 31, 2019
Cost of Acquisition $650,000
Less: Book value $320,000
FIFO Inventory --Undervalued, $30,000
Land--Undervalued, $10,000
Equipment , $75,000
Patent, $25,000
Goodwill $190,000
plzz help i need help
What is
brand personification example with food industry
Answer:
Projective Technique that asks people to think about brands as if they were people and to describe how the brands would think and feel," according to mktresearch.org.18 May 2016
Projective Technique that asks people to think about brands as if they were people and to describe how the brands would think and feel," according to mktresearch.org.18 May 2016
Explanation:
Projective Technique that asks people to think about brands as if they were people and to describe how the brands would think and feel," according to mktresearch.org.18 May 2016
You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of 7% per year forever. If the appropriate interest rate is 3%, then the value of this mining operation is closest to
Answer:
$100,000
Explanation:
Cash flow = $10,000
Interest rate = 3%
Growth = -7%
Value of this mining operation = Cash / (Rate - Growth)
Value of this mining operation = $10,000 / (3% -(-7%)
Value of this mining operation = $10,000 / 10%
Value of this mining operation = $10,000 / 0.10
Value of this mining operation = $100,000
"Sorry to put you through that test. We're more like a team of investors than operational partners even Seth and Jia, who started the restaurant 30 years ago. So we need to be sure you'll run the restaurant ethically. Everybody did love Julio, but he was a mess. We'd never hire him back. We'd like to hire you, but on a probationary basis for three months. What do you need to get started
Explanation:
Analyzing all the information related to the question above, a good strategy for an effective start would be to adopt good work practices such as organization and ethics, which were information provided by investors about what they expect from the new manager. That is why it is necessary to establish an effective and positive communication with employees and customers of the restaurant, be an ethical professional who meets the requirements and policies proposed by the company, etc.
A good strategy also to start in the internship regime and make a good impression for investors would be to talk with the establishment's prominent employees about the best practices to be adopted in the restaurant to be successful.
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. Which areas of the distribution flow are critical for Sally to address with this new business integration?
A. service, negotiation, information, promotion, and profit.
B. product, negotiation, ownership, information, and promotion.
C. product, ownership, information, cash and redundancy.
Answer:
B
Explanation:
B. product, negotiation, ownership, information, and promotion.
what is brand personality with example in food industry
Explanation:
The brand personality can be understood as a set of adjectives and feelings that a brand is able to cause in the consumer through its positioning in the market. For example, a brand can be youthful, happy, family, environmentally responsible, etc.
Building the brand personality is a task achieved through the communication of the brand with its stakeholders, each internal and external process is responsible for this construction, such as the language used in marketing communications, images, phrases, slogan, colors and many other characteristics . It is essential that the personality of the brand is aligned with its potential audience, thus the value, satisfaction and reliability of the customer is achieved, generating greater positioning for the brand in the market.
In the food industry, we can mention Coke as an example of a brand whose family values, always using commercial messages linked to diversity, joy, togetherness, celebration, etc.
Has anyone done this
Please help
Answer:
Explanation:
you have to do t with someone to understand it