The loss on the disposal of the car is $-16,200.
The first step is to determine the total depreciation on the car.
Depreciation expense = percentage depreciation x cost of the asset
$37,000 x 0.1 = $3700
The second step is to determine the book value of the car = cost of the car - depreciation
$37,000 - $3700 = $33,300.
The book value is greater than the selling price of the car, so there was a loss on the sale. The third step is to determine the gain on the sale.
Loss = $17,100 - $33,300 = $-16,200
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Concord Company buys land for $49300 on 12/31/17. As of 3/31/18, the land has appreciated in value to $50200. On 12/31/18, the land has an appraised value of $51500. By what amount should the Land account be increased in 2018
Based on the information given, it can be noted that revaluation of assets isn't applicable to land. Therefore, the amount will be $0.
Revaluation of assets simply mean the change in the market value of assets. It can either be increasing or decreasing.
From the information given, the amount that the land account be increased in 2018 is $0 because revaluation of assets isn't applicable to land.
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At the beginning of the year, The Mann Corporation, a private entity, decided to go public.
A charter of incorporation was constructed which authorized the sale of 10 million shares of $8 par value common stock, 100,000 shares of $800 par value, 8% preferred stock, and 200,000 shares of $40 no-par-value convertible preferred stock.
The following shares were sold as part of the firm's initial public offering:
* 1,000,000 shares of common stock at $80 per share.
* 100,000 shares of $800 par value, 8% preferred stock at $840 per share.
* 100,000 shares of $40 convertible, no-par preferred stock at $440 per share.
At year-end, the full dividend was declared and paid on both preferred stock offerings.
Required
Using a spreadsheet, record the financial effects of the shareholders' equity transactions for The Mann Corporation for the year.
Enter amounts in thousands (i.e., $10,000,000 = $10,000). Use a negative sign with answers to indicate a reduction in an account balance.
The Mann Corporation
Transaction (in thousands)
Common
Shares IPO
8% Preferred
IPO
No-par
Preferred IPO
8% Preferred
Dividend No-par
Preferred
Dividend Balance
Sheet
Totals
Assets
Cash $Answer $Answer $Answer $Answer $Answer $Answer
Shareholders' Equity
Common Stock Answer Answer Answer Answer Answer Answer
APIC - Common Answer Answer Answer Answer Answer Answer
$100 Preferred Stock Answer Answer Answer Answer Answer Answer
APIC-Preferred Answer Answer Answer Answer Answer Answer
$5 Conv. Preferred Answer Answer Answer Answer Answer Answer
Retained Earnings Answer Answer Answer Answer Answer Answer
Total Shareholders' Equity
The financial effects of the Mann Corporation's shareholders' equity transactions are recorded as follows:
The Mann Corporation
Transactions (in thousands)
Common 8% Preferred No-par Prefer- 8% No-par B/Sheet
Shares IPO Shares IPO red IPO Dividend Dividend Totals
Assets:
Cash $80,000 $84,000 $44,000 ($6,400) ($4,000) $197,600
Shareholders' Equity:
Common Stock $8,000 APIC- Common $72,000
8% Preferred Stock $80,000
APIC- Preferred $4,000
$40 Conv. Preferred $44,000
Retained Earnings ($10,400)
Total Shareholders' Equity $197,600
Data and Calculations:
Authorized Shares:
10 million shares, Common Stock at $8 par value
100,000 shares, 8% Preferred Stock at $800 par value
200,000 shares, Convertible Preferred Stock of $40 no-par value
Analysis of Sales of Shares:
Cash $80 million Common Stock $8 million Additional Paid-in Capital-Common Stock $72 million, 1,000,000 shares issued at $80
Cash $84 million 8% Preferred Stock $80 million Additional Paid-in Capital-8% Preferred Stock $4 million 100,000 shares issued at $840
Cash $44 million Convertible Preferred Stock $44 million
Calculation of Dividends:
8% Preferred Dividend = $6,400,000 ($80 million x 8%)
$40 Convertible Preferred Dividend = $4,000,000 (100,000 x $40)
Thus, the calculation of the dividend of the $40 non-par Convertible Preferred Stock is based on the $40 x 100,000 shares in issue because the $40 is its implied dividend rate just as the 8% is the implied dividend rate of the 8% Preferred Stock.
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• • 13.16 A large St. Louis feed mill, Robert Orwig Processing,
prepares its 6-month aggregate plan by forecasting demand for
50-pound bags of cattle feed as follows: January, 1,000 bags;
February, 1,200; March, 1,250; April, 1,450; May, 1,400; and June,
1,400. The feed mill plans to begin the new year with no inventory
left over from the previous year, and backorders are not permit-
ted. It projects that capacity (during regular hours) for producing
bags of feed will remain constant at 800 until the end of April, and
then increase to 1,100 bags per month when a planned expansion
is completed on May 1. Overtime capacity is set at 300 bags per
month until the expansion, at which time it will increase to 400
bags per month. A friendly competitor in Sioux City, Iowa, is also
available as a backup source to meet demand—but can provide
only 500 bags total during the 6-month period. Develop a 6-month
The production plan is used for ensuring that the necessary preparation is completed before the start of a production cycle.
A production plan involves the allocation of resources effectively so that everything will be in place for the production stages.
Based on the computation done, the budget for January is $12800, February is $16250, March is $17175, April is $20875, May is $16900, and June is $16900.
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As a general rule a recession is a decline in real GDP that lasts at least
Answer:
A recession is a significant economic downturn spread across the economy that lasts more than a few quarters. More specifically, the term is typically defined as a period when gross domestic product (GDP) declines for two consecutive quarters
Which is a TRUE statement about how profit can be an incentive for entrepreneurs?
A
Profit outweighs the risks of opening a business.
B
Profit can increase competition in a market economy.
С
Profit encourages shareholders to open their own businesses.
D
Profit makes the gap between the rich and poor more noticeable.
The true statement regarding the profit of an entrepreneur is D. makes the gap between the rich and poor more noticeable.
Profit simply means the gain that's derived from the sale of a particular commodity. It should be noted that profit is the difference between the total revenue and the total cost.
It should be noted that profit can be an incentive for entrepreneurs as makes the gap between the rich and poor more noticeable.
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Answer:
A
Explanation:
I had just got that question wrong but the correct answer is A.
One goal of the Occupy Movement was to encourage the practice of bank bailouts.
Group of answer choices
True
False
Bonnie is going to purchase a billboard to promote her new restaurant. She needs to calculate her gross rating points. What two factors does she need to know
Given what we know, in order for Bonnie to calculate her "Gross Rating Points" or GPRs, she will need to know how much of the population her ad will reach and how often they will view it.
What are gross rating points?Gross rating points are a system used to measure the effectiveness of ads. In most cases, they are used in a predictive sense to measure how effective an ad may be, then used to measure how effective they were, and offer a before and after comparison. What factors are used to calculate GPRs?In order to calculate the gross rating points, we need to know two factors. The first is the number of people or percentage of the target market, that is reached by the ad.The second is the frequency by which these individuals will view the ad.Therefore, we can confirm that to calculate her GPRs for the billboard ad she wishes to purchase, bonnie will need to know how many people see the billboard each day, and how many times they do so.
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Help hep help help help
Click this link to view O'NETS Wages and Employment section for Licensing Examiners and Inspectors. According
to O'NET What is the projected growth for this career belveen 2019 and 2029
little or no change
average
slower than average
faster than average
According to O'NETS Wages and Employment section for Licensing Examiners and Inspectors, the projected growth for this career between 2019 and 2029 is D. faster than average.
The career growth rate for Licensing Examiners and Inspectors is projected to be 10% year-on-year. This growth rate cannot be described as little or no change, average, or slower than average.
Thus, according to O'NETS Wages and Employment section for Licensing Examiners and Inspectors, the projected career growth between 2019 and 2029 is Option D.
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Class ________ are the number of observations for each class of a frequency distribution using grouped quantitative data.
Numbers
Boundaries
Frequencies
Widths
Answer: it's frequencies
Explanation:
Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.
b. False
a. True
Answer:
A.true
am i right
Explanation:
correct me if im wrong
thanks
loveya
Razimah has been investing in a Unit Trust for the past 10 years. She is very happy with the performance of the fund manager that enables her to get at least 15 % return annually. Razimah has estimated that she will receive a return of RM8000 next year, RM9000 in next 2 years, and RM10, 000 in the next 3 years. What is the value of these future payments?
Based on the amounts to be received and when they are to be received, the value of the payments is RM 20,336.98
The value of these payments is the sum of their present values.
The value is therefore:
= (8,000 / (1 + 15%)) + ( 9,000 (1 + 15%)²) + (10,000 / ( 1 + 15%)³)
= 6,956.52 + 6,805.29 + 6,575.16
= RM20,336.98
In conclusion, the value of the payments is RM20,336.98
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Help help help businesses please
Answer:
fiat
Explanation:
xyz company's cost function for the next four months is c=500000+5q then
a) find the be dollar volume of sales if the selling price is br. 6/unit
b) what would be the company's cost if it decides to shutdown operations for the next four months
Answer:
Enter the following transactions into richard’s checkbook register and state his ending balance: date type description amount 03/01 check #204 blue sky apartments $455. 00 03/05 dep payroll automatic deposit $390. 36 03/08 debit benny’s hamburgers and fries $9. 20 03/15 check #205 car payment $251. 59 03/19 dep payroll automatic deposit $390. 36 a. $715. 79 b. $1,009. 81 c. $780. 72 d. $880. 24.
Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar Wheel if they fill out an application form. Jack filled out the form, spun the Million Dollar Wheel, and won. However, now ABC refuses to pay, claiming that because Jack did not purchase his chance at the Million Dollar Wheel, Jack gave no consideration and therefore, no contract was formed. Identify the accurate statement.
A. No contract was formed because Jack paid no money for his chance at the Million Dollar Wheel.
B. No contract was formed because ABC did not sign any written contract as an obligation to do so.
C. A contract was formed because filling out an application can constitute legal consideration.
D. A contract was formed because no consideration is needed when a customer takes advantage of a "free" offer.
Answer:
C. A contract was formed because filling out an application can constitute legal consideration.
Explanation:
I personally Think this because if you think about it , he didn't pay , which doesn't matter because its "free" but maybe they just named it the million dollar wheel for a better name , or they were using it for customers , but if he had won and received yet nothing than he is able to file a contract because therefore they lied to him and therefore that's a illegal thing for a company who is allowing to spin a wheel for reward and if he won than he should get what he won , therefore the answer is = C
Our emotional reactions to marketing cues are so powerful that some high-tech companies study mood in small doses (in 1/30 of a second increments) as they analyze people's facial reac-
tions when they see ads or new products. They
measure happiness as they look for differences
between, for example, a true smile (which includes
a relaxation of the upper eyelid) and a social smile
(which occurs only around the mouth). Whirlpool
used this technique to test consumers' emotional
reactions to a yet-to-be-launched generation of its
Duet washers and dryers. The company's goal: To
design an appliance that will actually make people
happy. Researchers discovered that even though
test subjects said they weren't thrilled with some
out-of-the-box design options, such as unusual
color combinations, their facial expressions said
otherwise.91 Does the ability to study our emotional
reactions at such a specific level give marketers an
unfair advantage?
The question which asks whether the ability to study our emotional reactions at such a specific level give marketers an unfair advantage is:
No, I do not think it does.Based on the given question, we can see that the marketers are trying their best to find out the things which makes the possible customers happy at the sight of a new product.
I believe that this is a part of marketing just like taking a market survey to find out how receptive the consumers are of a particular product. I believe it is fair game as it does not violate any ethical rules or legal laws.
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If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the money supply is ________ billion. A) $8000 B) $1200 C) $1200.8 D) $8400
Based on the information given the money supply is B) $1200.
Using this formula
Money supply=Currency in circulation+ Checkable deposits
Where:
Currency in circulation=$400
Checkable deposits=$800
Let plug in the formula
Money supply=$400+$800
Money supply=$1,200
Inconclusion the money supply is B) $1200.
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examples of non good services
Answer:
Examples of non-economic goods are air, water, sunshine, etc. The concept of non-economic goods is relative to place and time.
Explanation:
Non-economic goods are called free goods because they are free gifts of nature. They do not have any price and are unlimited in supply.
how price reaches equilibrium? give an example
Answer:
Coming back to our example: at the price p = 6 per pencil, the quantity that sellers want to sell is equal to 10, while the quantity demanded is equal to 5 and there is an excess supply of 10 - 5 = 5 units. ... Sellers will continue to lower their price until the market price reaches 4, the equilibrium price.
Explanation:
correct me if I'm wrong thank you
mark me brainliest thanks
#CARRYONLEARNINGPrices reach equilibrium when the quantity demanded is equal to the quantity supplied.
At equilibrium price, the quantity demanded is equal to the quantity supplied.
For example, if the following data for quantity demanded and supplied are provided, the equilibrium price is $5 because it is at this price that quantity demanded and supplied are equal.
Price Quantity demanded Quantity supplied
$1 10 5
$5 8 8
$9 5 10
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dont KNOW FIND IT YOURSEF
Answer: What is your business question?
Roberto, Incorporated manufactures products A and B. Both products have a contribution margin ratio of 40%. What is the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource? multiple choice $2 per minute $3 per minute $6 per minute $8 per minute
The contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.
Using this formula
Contribution margin per unit = Contribution per unit / Limiting Factor required per unit
Where:
Contribution per unit=$6
Limiting Factor required per unit=2
Let plug in the formula
Contribution margin per unit=$6/2
Contribution margin per unit=$3 per minute
Inconclusion the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.
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Help help please I need straightforward answer please
Answer:
I think its B i could be wrong but that's what makes sence to me
Accounting is used to communicate financial information to both internal audiences and external audiences. Internal users are:
a. Only people within a business's accounting and finance departments
b. People within the business like production managers
c. Suppliers that provide goods
d. Contractors that perform work for the business.
Accounting can be regarded as a term used in communicating financial information across to internal audiences as well as external audiences.
These Internal users are been regarded as people within the business, such as production manager.
These information help in making the financial aspect of the company to succeed.
Therefore, option B is correct.
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Kevin has a client who wants to invest in an account that earns 3% interest, compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter. Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the tenth deposit is __________.
Considering the situation described above, the balance of the account (rounded to the nearest dollar) after the tenth deposit is "$56,650."
What is Sinking Fund?Sinking Fund is the term used to describe the fund created by individuals by specifically setting revenue in a particular place like savings over a given period to fund a future capital expense or repayment of long-term debt.
Given that this is more like a Sinking Fund hence, we calculate using the below formula:
S = N [ (1+r)^n - 1 ] /r
where r = 0.030
n = 10 years
N = 5,000
S = 5,000 [ (1.030)^10 -1 ]/.030
= 5,000 [ 1.34 -1 ]/.030
= 5,000 [ 11.33]
= $56,650.
Therefore, we got $6,650 in concern.
Hence, in this case, it is concluded that the correct answer is "$56,650."
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Answer: $57,319
Explanation: I'm positive the answer is $57,319 because I had this same exact test question and my answer was correct.
Help pls
Bob is a funeral director. What might be one task that Bob performs as part of his job?
Question 9 options:
arranging for daily care for an elderly person
running a local food bank that delivers meals
placing an obituary in the local newspaper
organizing a community roadside clean up
Answer:
c
Explanation:
placing obituary in the local newspaper
Answer:
In my opinion i think that the answer would be...
A.arranging for daily care for an elderly person
Explanation: Trust me! Hope this help you! Let me know if its correct good luck! :)
Do anybody know how to do the mega mogul project on knowledge matters ? Make over 30 million dollars pls help
Based on the business management analysis, to do the mega mogul project on knowledge matters requires following specific steps, which begin with "detecting the opportunity."
What is the Mega Mogul Project?Mega Mogul Project is a business project whereby individual starts with one location and continue to grow and expand their entrepreneurial conglomerate to numerous businesses and several locations.
Some other steps to take when conducting a mega mogul project on knowledge matters are:Market ResearchCreating a Business PlanRaising Money & FinancialsBuilding a TeamAcquiring ResourcesGoing to Market Operations & FeedbackShark ProjectBusiness Plan ProjectMega-Mogul Project.Hence, in this case, it is concluded that various steps are involved when carrying out a mega mogul project on knowledge matters.
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With growing dissatisfaction with performance management processes, Agile Manifesto was developed by software developers and emphasized principles of all of these EXCEPT:________.
a. emotional intelligence.
b. regular reflection on how to work more effectively.
c. self-direction.
d. self-organization.
e. collaboration.
Considering the Agile Manifesto analysis and available options, the correct answer is emotional intelligence.
What is the Agile Manifesto?Agile Manifesto is the document that establishes the fundamental values and standards in the Agile philosophy context.
Agile Manifesto is formulated to assist the development teams in performing their tasks with efficiency and sustainability.
Four Agile Manifesto PrinciplesRegular reflection Self-directionSelf-organizationCollaborationHence, in this case, it is concluded that the correct answer is option A. "emotional intelligence."
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AN Razimah has been investing in a Unit Trust for the past 10 years. She is very happy with the performance of the fund manager that enables her to get at least 15 % return annually. Razimah has estimated that she will receive a retum of RM8000 next year, RM9000 in next 2 years, and RM10,000 in the next 3 years. What is the value of these future payments?
Answer: A fund should review its use of derivatives when it updates its registration statement annually - particularly disclosures in its shareholder??
Explanation:
A more wordy and complex way to say "we are cringe"
There are different ways
We are cowersWe are faunywe are toadies .We are trucklesWe are so cringy .Answer:
start shrinkdrawbackshy wince flinch blench blanch dodge duck crouch shudder trembleExplanation:
A complex way to say "we are cringe" are:
we cower.we are shrinking.we are a drawback.we are shy.we are wince.we are finch.we are blench.we are dodge.we are ducks.we are shudder.we are tremble.4. Explain how, or even if, the Earned Value method of measuring project progress could be used to accurately measure progress for individual work packages
It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.
The Earned Value method is a standard analyst method used to measure a project's progress at any point in time.
The formula used to Earned Value is by dividing the total project budget by the number of work blocks.In conclusion, It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.
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