Answer:
Catering's 2008 EBIT is $11.47 million
Explanation:
Operating cash flow = EBIT + Depreciation – Taxes
Also the same as EBIT = Operating cash flow - Depreciation + Taxes
When Operating cash flow = Free cash flows + Investment in operating capital
OCF = $8.14 million + $2.14 m illion
Operating cash flow = 10.28 million
EBIT = Operating cash flow - Depreciation + Taxes
EBIT = 10.28 million - 0.95 million + 2.1 4 million
EBIT = $11.47 million
Catering's 2008 EBIT is $11.47 million
On December 31, 2021, Caria vista inc. appropriately changed its inventory valuation method to FIFO cost from weighted average cost for financial statement and income tax purposes. The change will result in a $38,500 increase in the beginning inventory at January 1, 2021. Assume a 20% income tax rate. The cumulative effect of this accounting change on beginning retained earnings is:_______
Answer: Increases by $30,800
Explanation:
If the inventory increased by $38,500 in January then that means that the Net Income for the previous period has increased because the Cost of Goods sold for the previous period will be less.
Since the Income for the year 2020 has increased by $38,500, the tax rate needs to be applied to it to see how much goes to retained earnings.
= 38,500 ( 1 - tax rate)
= 38,500 * ( 1 - 20%)
= $30,800
The beginning Retained Earnings balance Increases by $30,800
Answer: $30,800
Explanation:
From the question, we are informed that On December 31, 2021, Caria Vista Incorporation appropriately changed its inventory valuation method to FIFO cost from the weighted average cost for financial statement and income tax purposes
Due to this, there was an increase in the beginning inventory by $38,500.
With an income tax rate of 20%, remaining amount on the net income would be carried to the retained earnings. The income tax rate on the increase will be:
= 20% × $38,500
= 20/100 × $38,500
= 0.2 × $38,500
= $7,700
Therefore, the balance of the net income which will be carried to the retained earnings will be:
= $38,500 - $7,700
= $30,800
Therefore, there will be an increase of $30,800 in retained earnings balance.
Suppose that we want to estimate the effect of several variables on annual saving and that we have a panel data set on individuals collected on January 31, 1990, and January 31, 1992. If we include a year dummy for 1992 and use first differencing, can we also include age in the original model? Explain.
Answer:
No, we cannot include age in the original model as an explanatory variable in the original model
Explanation:
No, we cannot include age in the original model because Each of the person in the panel data set is exactly two years older on January 31, 1992 than that of January 31, 1990 which means that 2=∆i age for all i.
Although the equation we would estimate will be in this form .
∆savingi β⁰+δ¹∆age i +...,
where δ will be the coefficient of the year dummy for 1992 in the original model. In a situation where we have an intercept in the model this means that we cannot include an explanatory variable which is constant across i, and since age tend to change by the same amount for everyone, it means we cannot differentiate the effect of age from that of the aggregate time effects.
g Boulder Beaver Company had a $150,000 beginning balance in Accounts Receivable and a $6,000 credit balance in the Allowance for Doubtful Accounts. During the year, credit sales were $600,000 and customers' accounts collected were $590,000. Also, $4,000 in worthless accounts were written off. What was the net amount of receivables included in the current assets at the end of the year, before any provision was made for doubtful accounts
Answer:
The net amount of receivables to be included in the current assets at the end of the year is $154,000
Explanation:
Beginning balance in Accounts Receivable = $150,000
Add: Credit sales made = $600,000
Less: amount collected against customer’s accounts = $590,000
Less: accounts written off = $4000
Gross balance in Accounts Receivable =$156,000
Beginning balance in the Allowance for Doubtful Accounts= $6,000
Less: Accounts written off adjusted with Allowance for Doubtful accounts= $4000
Closing balance =$2000
Net Accounts Receivable = $156,000-$2000= $154,000
Based on the projections, Decker will have a. a financing deficit of $36 b. a financing surplus of $36 c. zero financing surplus or deficit d. a financing surplus of $255 e. a financing deficit of $255
Answer:
B, A financing surplus of $36
Explanation:
As the question is incomplete so firstly I am going to write the question for you first and its solution
Question: Decker Enterprises Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,080 Profit before tax na 420 Taxes (25%) na 105 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 Based on the projections, Decker will have
Solution :
We need to find total assets first
Current assets = 115
Net fixed assets = 1440
Total assets = 115+1440= 1555
Secondly, we need to find sum of liabilities and stockholder equities to compare them with Total assets.
Liabilities = current liabilities + long term debt
Liabilities = 81 + 360 = 441
Equity = Common stock + retained earnings
Equity = 500 + 650 = 1150
Total equity + liabilities = 1591
Financial Deficit/Surplus = Total assets - Total liabilities and stockholder equity
Financial Deficit/Surplus = 1555 - 1591
Financial Deficit/Surplus = -36 surplus
Photo Framing's cost formula for its supplies cost is $1,200 per month plus $20 per frame. For the month of November, the company planned for activity of 618 frames, but the actual level of activity was 610 frames. The actual supplies cost for the month was $13,850. The spending variance for supplies cost in November would be closest to:
Answer:
Direct material spending variance= $451.4 unfavorable
Explanation:
Giving the following information:
Photo Framing's cost formula for its supplies cost is $1,200 per month plus $20 per frame.
Actual level of activity was 610 frames. The actual supplies cost for the month was $13,850.
To calculate the spending variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= (13,850 - 1,200)/610= $20.74
Direct material price variance= (20 - 20.74)*610
Direct material price variance= $451.4 unfavorable
The balanced scorecard does not use financial or nonfinancial measures. incorporates financial and nonfinancial measures in an integrated system. is based solely on nonfinancial measures. is based solely on financial measures.
Answer:
The correct answer is: incorporates financial and nonfinancial measures in an integrated system.
Explanation:
The balanced scorecard can be defined as an approach to measuring and managing an organization's performance.
Because it is a flexible method, it can be adapted to different companies and situations.
The method uses financial and non-financial measures in an integrated system so that managers can monitor and control by means of indicators whether the planning outlined for the company is actually being effective for the achievement of objectives and goals. In the balanced scorecad, the indicators are analyzed from 4 perspectives: Financial, Customer, Internal Processes and Learning and Growth.
This method assists in a more active management, aimed at a greater vision of business systems and the possibility of managing strategic actions so that the company remains competitive and innovative in the long run.
For each transaction:
1. Analyze the transaction using the accounting equation.
2. Record the transaction in journal entry form.
3. Post the entry using T-accounts to represent ledger accounts.
Use the following (partial) chart of accounts—account numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201); Unearned Landscaping Revenue (236); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696).
a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $75,000 in cash along with equipment having a $35,000 value.
b. On May 21, Elegant Lawns purchases office supplies on credit for $380.
c. On May 25, Elegant Lawns receives $8,300 cash for performing landscaping services.
d. On May 30, Elegant Lawns receives $1,500 cash in advance of providing landscaping services to a customer.
Answer:
I prepared an excel spreadsheet to show how these transactions affect the accounting equation:
a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $75,000 in cash along with equipment having a $35,000 value.
Dr Cash (101) 75,000
Dr Equipment (167) 35,000
Cr D. Tyler, Capital (301) 110,000
b. On May 21, Elegant Lawns purchases office supplies on credit for $380.
Dr Office Supplies (124) 380
Cr Accounts Payable (201) 380
c. On May 25, Elegant Lawns receives $8,300 cash for performing landscaping services.
Dr Cash (101) 8,300
Cr Landscaping Revenue (403) 8,300
d. On May 30, Elegant Lawns receives $1,500 cash in advance of providing landscaping services to a customer.
Dr Cash (101) 1,500
Cr Unearned Landscaping Revenue (236) 1,500
Cash (101) Equipment (167)
debit credit debit credit
75,000 35,000
8,300
1,500
84,800
Office Supplies (124) Accounts Payable (201)
debit credit debit credit
380 380
Landscaping Revenue (403) Unearned Landscaping Revenue (236)
debit credit debit credit
8,300 1,500
D. Tyler, Capital (301)
debit credit
110,000
Concord Corporation reported the following for 2020: net sales $1,232,000, cost of goods sold $737,300, selling and administrative expenses $338,200, and an unrealized holding gain on available-for-sale debt securities $24,300.
Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.)
Answer:
A comprehensive income statement was prepared for Concord Corporation for the year ended 2020. the income statement is given below in the explanation section.
Explanation:
Solution
Given that:
CONCORD CORPORATION
Statement of Comprehensive Income
For the year ended 2020
Sales = $1,232,000,
Cost og goods sold = $737,300
Gross profit = $494.700
Selling and administrative expenses =$338,200
Net Income =$156,500
Unrealized holding gain = $24,300
Comprehensive income =$189,800
CONCORD CORPORATION
Income Statement
For the year ended 2020
Sales = $1,232,000,
Cost of goods sold = $737,300
Gross profit = $494.700
Selling and administrative expenses =$338,200
Net Income =$156,500
CONCORD CORPORATION
Comprehensive Income Statement
For the year ended 2020
Net Income =$156,500
Unrealized holding gain = $24,300
Comprehensive income =$189,800
A stock analyst collected the following information about ABC Inc.: - The firm required rate of return on equity is 17% and its WACC is estimated at 14%. - Based a thorough forecast, the analyst estimates for the free cash flows to the firm for the next two years are 820,000 and 970,000 respectively. His estimates for the free cash flows to equity are however: 550,000 and 660,000 for the next two years respectively. - Both FCFFs and FCFEs are expected to grow at a constant rate of 5% after the second year. The value of the firm is closest to: Question 13 options: 1) $8,245,228.47 2) $9,445,615.08 3) $10,173,489.28 4) $11,098,614.25
Answer:
$5,170,940.17
Explanation:
The computation of the value of the firm is shown below:
As we know that
[tex]Value\ of\ Equity = \frac{FCFE_1}{(1 + Ke)^1} + \frac{FCFE_2}{(1 + Ke)^2} + \frac{FCFE_2 (1 + g)}{ke - g} \times \frac{1}{(1 + ke)^2}[/tex]
where,
FCFE = Free cash flow of equity
ke = cost of equity
g = growth rate
So,
[tex]Value\ of\ Equity = \frac{550,000}{(1 + 0.17)^1} + \frac{660,000}{(1 + 0.17)^2} + \frac{660,000_2 (1 + 0.05)}{0.17 - 0.05} \times \frac{1}{(1 + 0.17)^2}[/tex]
= $470,085.47 + $482,138.94 + $4,218,715.76
= $5,170,940.17
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the value of the firm could come
g "Problem-solving: Calculate the break-even point (Q), for a firm whose: (a) total fixed cost (TFC) = $100,000, product price (P) = $10.00, and average variable cost (AVC) = $7.50. (b) TFC = $600,000, P = $15,000, and AVC = $12,000."
Answer:
a. $40,000
b. $200
Explanation:
The computation of break-even point is shown below:-
Break-even Point (Q) = TFC ÷ (Price - AVC)
Now we will put the values into the above formula.
a. Break even point = $100,000 ÷ ($10 - $7.5)
= $100,000 ÷ 2.5
= $40,000
b. Break even point = $600,000 ÷ ($15,000 - $12,000)
= $600,000 ÷ $3,000
= $200
Therefore for computing the break even point we simply applied the above formula.
Included on the board of directors of Microsoft are Dina Dublon, former chief financial officer of JP Morgan Chase, the president of Harvey Mudd college Maria M. Klawe, and the vice chairman of Bank of America Charles H. Noski. These three board members do not have a direct management role with Microsoft and are therefore referred to as
A) inside directors.
B) outside directors.
C) competitive directors.
D) honorary directors.
Answer:
D) honorary directors.
Explanation:
-Inside directors are board members that are employees or stakeholders of the organization.
-Outside directors are board members that are not employees or stakeholders of the organization but receive a fee to act as consultants that can provide objective opinions.
-Competitive directors are directors of a competitive sporting event that manage the key functions.
-Honorary directors are people that has worked in the past as Chief Executive Officer of a company and are allowed to go to all the board meetings but can't vote.
According to this, the answer is that these three board members do not have a direct management role with Microsoft and are therefore referred to as outside directors as they don't have a position on the organization or are stakeholders and they are part of the board of directors to provide different perspectives.
A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employer had failed to take sufficient action in relation to the employee's report of inappropriate behaviour. The alleged sexual harassment included kissing, touching her breasts and leg, persistent requests to have a drink outside work hours despite an ongoing refusal, asking for cuddles, telephoning her at home and making repeated unsolicited sexual remarks. Based on any four ethical theories, explain how these acts constitute unethical behaviours at the workplace
Answer:
The ethical theory of rights is being violated in this case.Explanation:
As we know sexual harassment is a violation against an individual's civil rights, the ethical theory of rights is being violated in this case. The part-time worker who is being harassed by another employee is being violated of her right to a safe workplace under the civil rights.
The ethical theory of rights provides that rights designed and formulated by the society and the government should be upheld with commitment and priority. They are the basic human rights that guarantees equal and dignified life for all.
If any unethical behaviors at the workplace such as sexual harassment, abuse, threat, etc, occurs, it is a direct violation to the basic human rights of an individual.
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the perpetual FIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
Answer:
Ending Inventory $ 3540
Explanation:
FIFO means first in first out. This rule applies to counting of the inventory in such a way that the units first purchased are sold out first. The following schedule has been prepared to arrive at the ending inventory at each date of sale .
Purchases Sales Ending Inventory
January: 10 units at $120 6 units 4 units at $120
February: 20 units at $125 5 units 19 units at $125
May: 15 units at $130 9 units 10 units at $125
15 units at $130
September: 12 units at $135 8 units 2 units at $125
15 units at $130
12 units at $135
November: 10 units at $140 13 units 4 units at $130
12 units at $135
10 units at $140
On December 31, there were 26 units remaining in ending inventory
Ending Inventory = $ 3540= $ 520 + $1620 + $1400
4 units at $130 = $ 520
12 units at $135 = $ 1620
10 units at $140= $ 1400
The traditional tasks performed by the HR department include all of the following except Group of answer choices labor relations. personnel administration. recruiting staff. participation in business decision making.
Human resources allude to the people who make up an organization's, business sector's, industry's, or economy's employment.
Human capital is a more specific term that refers to the knowledge and abilities that individuals possess. Manpower, employment, staff, companions, or simply: people are similar phrases.
The correct option is participation in business decision-making.
This is the correct option because this is the only one that is not the function or the tasks of the Hr department. The main function of Hr is to conduct the screening and the selection of the candidates for the interviews. The options are mentioned in the context of labor relations. personnel administration. recruiting staff, are the functions of the Hr except for the correct answer.
To know more about the functions of HR, refer to the link below:
https://brainly.com/question/17326452
Cullumber Co. leased equipment to Union Co. on July 1, 2021, and properly recorded the sales-type lease at $131,000, the present value of the lease payments discounted at 10%. The first of eight annual lease payments of $19,600 due at the beginning of each year of the lease term was received and recorded on July 1, 2021. Cullumber had purchased the equipment for $120,000. What amount of interest revenue from the lease should Cullumber report in its December 2021 income statement
Answer:
$5,570
Explanation:
Calculation of the amount of interest revenue from the lease that Cullumber should report in its December 2021 income statement
Interest Revenue= (Sales-type lease -Annual lease payments)× lease payments discount × Numbers of month
Hence,
Interest Revenue= ($131,000 – $19,600) × .10 × 6/12
Interest Revenue =$111,400×.10×6/12
Interest Revenue =$5,570
Therefore the amount of interest revenue from the lease that Cullumber should report in its December 2021 income statement would be $5,570
1. A company sells a plant asset that originally cost $375,000 for $125,000 on December 31, 2017. The accumulated depreciation account had a balance of $150,000 after the current year's depreciation of $37,500 had been recorded. The company should recognize a
Answer:
The company should recognize a loss on sale of plant asset of $100,00.
Explanation:
The cost = $375,000
Accumulated Depreciation = $150,000
Therefore, book value = $225,000
This book value is compared with the sales value of $125,000.
There is a difference of $100,000 ($225,000 - $125,000).
Since the book value is greater than the sales value, it means that the plant asset was sold at a loss.
The cost is the amount at which the plant asset was purchased. The accumulated depreciation represents the cost that has been expensed so far. The sales value is the amount at which the plant asset was sold.
Holt Enterprises recently paid a dividend, D0, of $3.75. It expects to have nonconstant growth of 23% for 2 years followed by a constant rate of 6% thereafter. The firm's required return is 9%.
a. How far away is the horizon date?
I. The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends at time zero.
II. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero.
III. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2.
IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2.
V. The terminal, or horizon, date is infinity since common stocks do not have a maturity date.
b. What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations.
c. What is the firm's intrinsic value today, P0? Round your answer to two decimal places. Do not round your intermediate calculations.
Answer:
a. How far away is the horizon date?
IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2.
b. What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations.
to determine the horizon value we can use the Gordon growth formula:
stock price = future dividend / (required rate of return - constant growth rate)
Div₀ = $3.75
Div₁ = $4.6125
Div₂ = $5.673375
Div₃ = $6.97825125
since the terminal value is calculated for year 2, we must use Div₃ in our calculations:
stock price = $6.97825125 / (9% - 6%) = $232.61
c. What is the firm's intrinsic value today, P0? Round your answer to two decimal places. Do not round your intermediate calculations.
we have to calculate the present value of:
P₀ = $4.6125/1.09 + $5.673375/1.09² + $232.608375/1.09² = $4.2317 + $4.7752 + $195.7818 = $204.7887 ≈ $204.79
Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $24,500 cash and inventory with a fair value of $23,600 (inside basis of $11,800) to Randolph in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in his RD Partnership interest is $39,725. What is the amount and character of Randolph's gain or loss on the distribution
Answer:
3425 LOSS
Explanation:
Randolph gain or loss can be calculated as
Gain/loss = Cash distribution + Inventory distribution - Basis in RD
Gain/loss = $24,500 + $11,800 - $39,725
Gain/loss = (3425) LOSS
As You can see RD distributing cash and inventory and they are less than his basis in RD
Betsy Rose owns a small department store in a metropolitan area. For twenty years, the accountant has applied overhead to the various departments—Women's Apparel, Men's Apparel, Cosmetics, Housewares, Shoes, and Electronics—based on the basis of employee hours worked. Betsy Rose's daughter, who is an accounting student at a local university, has suggested her mother should consider using activity-based costing (ABC). In an attempt to implement ABC, Betsy Rose and her daughter have identified the following activities.
Required:
Determine a cost driver for each of the activities listed below.
a. Placing orders
b. Stocking merchandise
c. Waiting on customers
d. Janitorial and Maintenance
Answer:
Activity Cost Driver
a. Placing orders Number of Orders
b. Stocking merchandise Number of Orders
c. Waiting on customers Number of Customers
d. Janitorial and Maintenance Area/ Square feet occupied
Explanation:
Betsy Rose
(ABC). Activity Based Costing
Activity Cost Driver
a. Placing orders Number of Orders
b. Stocking merchandise Number of Orders
c. Waiting on customers Number of Customers
d. Janitorial and Maintenance Area/ Square feet occupied
In selecting a cost driver for an activity it must be kept in mind that the activity must be
1) directly linked with the cost driver
2) it should not have indirect expenses
3) should be specific for that activity.
For example the number of orders would not affect Janitorial and Maintenance services but the number of orders would affect placing orders or stocking merchandise.
Use the below information to answer the following question.
Income Statement
For the Year
Sales $42,700
Cost of goods sold 29,250
Depreciation 3,750
Earnings before interest and taxes $ 9,700
Interest paid 1,360
Taxable income $ 8,340
Taxes 2,840
Net income $ 5,500
Dividends $1,925
Balance Sheet
End-of-Year
Cash $1,320
Accounts receivable 3,780
Inventory 10,200
Total current assets $15,300
Net fixed assets 33,600
Total assets $48,900
Accounts payable $ 3,650
Long-term debt 18,100
Common stock ($1 par value) 15,000
Retained earnings 12,150
Total Liab. & Equity $48,900
Assume this firm is operating at full capacity. Also assume that assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. What is the external financing need if sales increase by 14 percent?
Answer:
$2,253.35
Explanation:
external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]
total assets = $48,900
total sales = $42,700
$ Δ sales = $5,978
current liabilities = $3,650
profit margin = net income / sales = 0.129
forecasted sales = $48,678
dividends payout ratio = dividends / net income = 0.35
EFN = [($48,900/$42,700) x ($5,978)] - [($3,650/$42,700) x ($5,978)] - [0.129 x $48,678 x (1 - 0.35)]
EFN = $6,846 - $511 - $4,081.65 = $2,253.35
A change in price will lead to a change in __________ and to a change in __________, while a change in government subsidies will lead to a change in __________ and a change in the number of buyers will lead to a change in __________.
Answer:
quantity demanded; quantity supplied; supply; demand
Explanation:
When there is a change in price of goods, this change will lead to quantity demanded and it will also lead to a change in the quantity supplied. According to the law of demand, an increase in price will lead to a decrease in quantity demanded and vice-versa.
When there is a change in government susidies, this change will lead to a change in supply, and a change in the number of buyers will lead to a change in demand.
Therefore, the correct statement is:
A change in price will lead to a change in quantity demanded and to a change in quantity supplied, while a change in government subsidies will lead to a change in supply and a change in the number of buyers will lead to a change in demand.
Rajan Company's most recent balance sheet reported total assets of $1.84 million, total liabilities of $0.83 million, and total equity of $1.01 million. Its Debt to equity ratio is:
Answer:
82.17%
Explanation:
Calculation of Rajan Company's Debt to equity ratio
Using this formula
Debt to equity ratio= Total liabilities/Total Equity
Where,
Total liabilities=$830,000
Total Equity=$1,010,000
Hence,
Let plug in the formula
Debt to equity ratio =$830,000/$1,010,000
Debt to equity ratio =0.8217 ×100
Debt to equity ratio =82.17%
Therefore Rajan's Company Debt to equity ratio is 82.17%
The most recent comparative balance sheet of Giacomelli Corporation appears below: Which of the following classifications of changes in balance sheet accounts as sources and uses is correct? Select one: a. The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a use b. The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a use c. The change in Accounts Payable is a source; The change in Accrued Wages and Salaries payable is a source d. The change in Accounts Payable is a use; The change in Accrued Wages and Salaries payable is a source
Answer:
The correct option is B: "The change in Accounts Receivable is a source; The change in Inventory is a use"
Explanation:
However, you will need to look at the asset section as well in order to determine the correct response to this question statement. Depending on how the accounts receivable and inventory changes, you will be able to ascertain which is a source and which is a use. For instance, if the balance in Accounts Receivable and the Inventory has increased, the change is a use. And vice versa.
A college graduate who is searching for his first job illustrates the concept of cyclical unemployment. frictional unemployment. structural unemployment. an employed individual. a discouraged worker.
Answer: frictional unemployment
Explanation:
Frictional unemployment is also referred to as search unemployment. Frictional unemployment is the time that people spend between jobs when they are looking for a job or in cases whereby they are transferring from one job and looking for another job.
The turnover in the labor market is actually a reason for being frictionally unemployed. Also, when someone graduates from college, the person also begins to look for work. The person is frictionally unemployed during the time that he or she is looking for job.
Answer:
Frictional unemployment
Explanation:
just took it
. Assuming the workers can shift to the production of the new TMP-20 thermostat while maintaining the same average efficiency, regardless of which assembly station they are at, what worker would you assign to each station to achieve the highest possible hourly output rate
Answer:
hello your question is incomplete attached to the answer is the complete question
Answer : The worker with the highest efficiency will be stationed at the station with the highest processing time and the highest possible hourly output rate = 60 / 2.06 ≈ 29 units
Explanation:
The maximum cycle time of the assembly line has to be reduced to get maximum output from the workers assigned to them
The assignment of workers to each station to achieve the highest possible hourly output rate is shown in the table attached below
from the table we can conclude that the maximum cycle time of the stations reduced from 2.3 mins to 2.06 mins
therefore the highest possible hourly output rate = 60 / 2.06 ≈ 29 units
____ Do they need engage with this work or is it entirely voluntary? Do they have a direct investment in having access to this information, perhaps as part of their job and they need this information to serve their duties?
Answer: Dynamic of need
Explanation: There are two words of importance here. Dynamic and need.
Dynamic: when a person, place, or thing is energetic and active, this is know as being dynamic.
When something is dynamic it goes through a lot of process. Example: Someone with a dynamic personality is usually funny.
Need: to require something because it’s important or very essential.
Dynamic of need is when you have a active need of things, this things can be information which are very essential.
Presented below is the adjusted trial balance of Splish Brothers, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,330 Accounts Receivable 3,580 Prepaid Insurance 2,620 Equipment 80,160 Accumulated Depreciation—Equipment $20,100 Trademarks 3,760 Accounts Payable 3,220 Salaries and Wages Payable 920 Unearned Service Revenue 1,060 Bonds Payable (due 2024) 31,880 Common Stock 2,120 Additional paid-in capital 15,160 Retained Earnings 14,720 Service Revenue 30,040 Salaries and Wages Expense 14,080 Insurance Expense 2,400 Rent Expense 3,260 Interest Expense 2,320 Total $ ? $ ?
Answer:
Cash $ 5710
Total debit side $ 199200 Credit side $ 199200
Explanation:
We list the correct accounts at the right side. First we add up the credit side to find the total and then subtract the debit side from it to get the cash amount as the debit and credit side of the trial balance must be equal.
Splish Brothers, Inc.
Adjusted trial balance
December 31, 2017.
Debit Credit
Cash $ 5710
Supplies 1,330
Accounts Receivable 3,580
Prepaid Insurance 2,620
Equipment 80,160
Accumulated Depreciation—Equipment $20,100
Trademarks 3,760
Accounts Payable 3,220
Salaries and Wages Payable 920
Unearned Service Revenue 1,060
Bonds Payable (due 2024) 31,880
Common Stock 2,120
Additional paid-in capital 15,160
Retained Earnings 14,720
Service Revenue 30,040
Salaries and Wages Expense 14,080
Insurance Expense 2,400
Rent Expense 3,260
Interest Expense 2,320
Total $ 199200 $ 199200
Fern wants to work with a group of experts to find the best solution for a quality assurance problem with her company's new product. However, the experts she wants to work with are all geographically distant from one another. In this circumstance, Fern should employ the
Answer:
Delphi method
Explanation:
Delphi method is defined as a structured communication technique. Initially it was developed as a interactive forecasting method which uses a panel of experts.
This method can also be used for face to face meetings.
Questionnaires are sent to panel of experts, anonymous responses are aggregated and presented to the group after each round. Questionnaires bare often sent through mail.
In this scenario where Fern wants to work with a group of experts to find the best solution for a quality assurance problem with her company's new product, the best option will be to use the Delphi method.
Which of the following is a common finding in looking at the statement of cash flows of a declining company?
Answer:
These are the options for the question:
a) A negative cash flow from operating activities
b) A negative cash flow from investing activities
c) A significant positive cash flow from financing activities
And this is the correct answer:
a) A negative cash flow from operating activities
Explanation:
Declining companies are characterized by a lack of revenue from regular operating activities.
If cash flow from operating activities is negative, it means that the company is not making enough money to meet its obligations, and that will likely cease to exist in the near future unless big changes happen.
The following lots of Commodity Z were available for sale during the year. Beginning inventory 7 units at $49 First purchase 18 units at $50 Second purchase 53 units at $59 Third purchase 18 units at $64 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a.$5,522 b.$1,447 c.$1,127 d.$1,143
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Beginning inventory 7 units at $49
First purchase 18 units at $50
Second purchase 53 units at $59
Third purchase 18 units at $64
The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year.
To calculate the ending inventory using the LIFO (las-in, first-out), we need to use the cost of the firsts units incorporated to inventory:
Ending inventory= 7*49 + 16*50= $1,143