Answer:
Economic duress
Explanation:
We say there is an economic duress during a contract when one party to the contract threatens to terminate the contract if the other person does not agree to their demands. Brent is asking for more money, if he does not get this, he says he would leave the work unfinished.
When this happens, the other party may be left stuck and may have no option than to agree to the new demands of the contract.
Can someone please help me. I’ll report if your guessing
Taxable income of a corporation
a. differs from accounting income due to differences in intraperiod allocation between the
two methods of income determination.
b. differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
c. is based on generally accepted accounting principles.
d. is reported on the corporation's income statement.
Answer:
Option b. Differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
Explanation:
Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.
A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.
Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows:
Cantor Dickens
As salaries $40,000 $48,000
As interest on capital at the beginning of the year 10% 10%
Remaining profits or losses 50% 50%
If income for the year was $120,000, what will be the distribution of income to Cantor?
A. $40,000
B. $52,000
C. $64,000
D. $56,000
Answer:
B. $52,000
Explanation:
Income fot the year $120,000
Less: C salaries $40,000
Less: D salaries $48,000
Less: Interest on Capital to C $16,000 (10% * $160,000)
Less: Interest on Capital to C $24,000 (10% * $240,000)
Loss $8,000
Distribution of income
Salaries $40,000
Add: Interest on Capital $16,000 (10% * $160,000)
Less: Remaining loss he share ($4,000) (50% * 80,00)0
Distribution of income to C $52,000
at the beginning of the month there were no units in beginning work in process and 115,000 units were begun during the month. At the end of the month there were 40,000 units that were 30% complete as to conversion costs in ending work in process. If all materials are included when the production begins, the equivalent units for conversion costs is:
Answer:
The equivalent units for conversion costs is 87,000 units
Explanation:
First, we need to calculate the completed during the month
Completed units = Units begun during the month - Units in Work in process
Completed units = 115,000 - 40,000
Completed units = 75,000 units
Now calculate the equivalent unit in respect of conversion cost as follow
Equivalent units ( Conversion cost ) = Units completed in the month + ( Units in work in process x percentage of completion )
Equivalent units ( Conversion cost ) = 75,000 units + ( 40,000 x 30% )
Equivalent units ( Conversion cost ) = 75,000 units + 12,000 unints
Equivalent units ( Conversion cost ) = 87,000 units
Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus depreciation. The furnishings were purchased for $15,000 in April, the equipment for $6,000 in July, and the appliances for $40,000 in November. Using the appropriate MACRS depreciation tables in the Appendix, what amount of depreciation expense is allowable in the current (second) year of ownership?
a) $16,806
b) $14,939
c) $16,163
d) $16,072
Answer:
$ 4,748
Explanation:
The depreciation expenses = [tex]$(\$ 15000 \times 17.85 \%) + (\$ 6000 \times 10.71 \%)+(\$ 40000 \times 3.57 \%)$[/tex]
[tex]$= \$ 2677.50 + \$ 642.6 + \$ 1428$[/tex]
= $ 4748
Generally we have use half year convention for assets that are purchased during the year but here we used the mid quarter as of more than the 40% of the assets are being purchased in last quarter of the year
[tex]$=\frac{\text{assets purchased in last quarter}}{\text{total assets purchased in the year}} \times 100$[/tex]
[tex]$=\frac{40000}{61000} \times 100$[/tex]
[tex]$=65.57 \%$[/tex] (it is more than 40%)
Thus we can use the mid quarter mars depreciation rates for the 7 years assets that are purchased this year.
After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate
Answer:
18.60%
Explanation:
Total labor force = $8 million + $35 million = $43 million
Unemployment Rate = (Unemployed/Labor force)*100
Unemployment Rate = $8 million/$43 million * 100
Unemployment Rate = 0.1860465 * 100
Unemployment Rate = 18.60%
External hiring reduces organizational diversity.
Answer:
The statement is not true.
Explanation:
External hiring does not reduce organizational diversity, it actually does the opposite: it increases organizational diversity.
External allows managers to include in their working teams new mebers who bring different knowledge and experience to the organization. In fact, one of the main motivations for managers to engage in external hiring is precisely increasing the variety of viewpoints inside the firm.
Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income. Question 9 options: True False
Answer:
true
Explanation:
Finance people place greater weight on cash flows that net income.
Net income = total revenue - total cost
Cash flow is the movement of cash and cash equivalents in and out of an organisation.
Even though a company may be generating a positive net income, the positive net income may not be from sustainable sources, so it is for this reason that cash flows are examined.
also, cash flows are less subject to manipulation when compared with net income.
It is for these reasons that finance people place more importance on cash flows
Sales-Related and Purchase-Related Transactions for Seller and Buyer Using Perpetual Inventory System The following selected transactions were completed during August between Summit Company and Beartooth Co.:
Aug.
1. Summit Company sold merchandise on account to Beartooth Co., $45,550, terms FOB destination, 2/15, n/eom. The cost of the goods sold was $27,960.
2. Summit Company paid freight of $1,125 for delivery of merchandise sold to Beartooth Co. on August 1.
5. Summit Company sold merchandise on account to Beartooth Co., $59,600, terms FOB shipping point, n/eom. The cost of the goods sold was $43,900.
9. Beartooth Co. paid freight of $2,440 on August 5 purchase from Summit Company.
15. Summit Company sold merchandise on account to Beartooth Co., $63,100, terms FOB shipping point, 1/10, n/30. Summit paid freight of $1,625, which was added to the invoice. The cost of the goods sold was $38,480.
16. Beartooth Co. paid Summit Company for purchase of August 1.
25. Beartooth Co. paid Summit Company on account for purchase of August 15.
31. Beartooth Co. paid Summit Company on account for purchase of August 5.
Required:
Journalize the August transactions for Beartooth Co.
Answer:
1. Summit Company sold merchandise on account to Beartooth Co., $45,550, terms FOB destination, 2/15, n/eom. The cost of the goods sold was $27,960.
Dr Merchandise inventory 45,550
Cr Accounts payable 45,550
2. Summit Company paid freight of $1,125 for delivery of merchandise sold to Beartooth Co. on August 1.
no journal entry
5. Summit Company sold merchandise on account to Beartooth Co., $59,600, terms FOB shipping point, n/eom. The cost of the goods sold was $43,900.
Dr Merchandise inventory 59,600
Cr Accounts payable 59,600
9. Beartooth Co. paid freight of $2,440 on August 5 purchase from Summit Company.
Dr Merchandise inventory 2,440
Cr Cash 2,440
15. Summit Company sold merchandise on account to Beartooth Co., $63,100, terms FOB shipping point, 1/10, n/30. Summit paid freight of $1,625, which was added to the invoice. The cost of the goods sold was $38,480.
Dr Merchandise inventory 64,725
Cr Accounts payable 64,725
16. Beartooth Co. paid Summit Company for purchase of August 1.
Dr Accounts payable 45,550
Cr Cash 44,639
Cr Purchase discounts 911
25. Beartooth Co. paid Summit Company on account for purchase of August 15.
Dr Accounts payable 64,725
Cr Cash 64,0949
Cr Purchase discounts 631
31. Beartooth Co. paid Summit Company on account for purchase of August 5.
Dr Accounts payable 59,600
Cr Cash 59,600
Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the marginal product?
Answer:
Marginal Product is 2
Explanation:
Marginal Product (MP) is defined as the ration of change in quantity of output produced to the change in quantity of input raw material
Change in quantity of input raw material [tex]= 5 -3 = 2[/tex]
Change in quantity of output of products = 13 - 9 = 4
Marginal Product (MP) [tex]= \frac{4}{2} = 2[/tex]
Marginal Product is 2
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $ 11,700 Debt $ 15,700 Costs 12,800 Fixed assets 26,500 Equity 22,500 Taxable income $ 6,100 Total $ 38,200 Total $ 38,200 Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)
Answer:
9.69%
Explanation:
Calculate for the internal growth rate
First step is to calculate the ROA
ROA = $4,819/$38,200
ROA=.1262*100
ROA= 12.62%
Second step is to calculate the plowback ratio b
The plowback ratio, b= 1 – .30
b= .70
Now let calculate the Internal growth rate using this formula
Internal growth rate=(ROA × b)/[1 – (ROA × b)]
Let plug in the formula
Internal growth rate=[.1262(.70)]/[1 – .1262(.70)]
Internal growth rate=.0969*100
Internal growth rate= 9.69%
Therefore the internal growth rate will be 9.69%
Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company has budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, which journal entry would the firm record (using the pro-rated approach) given the following ending balances:
Answer: Debit MOH and credit cost if goods sold by 5330.
Explanation:
From the question, we are given the following information:
Overhead rate = $15 per direct labor hour
Direct labor hour incurred = 9,200
Manufacturing overhead cost incurred $132,670
We will then calculate the value for the applied manufacturing overhead which will be the direct labor hour incurred multiplied by the predetermined overhead rate. This will be:
= 9,200 x 15
= $138,000
Then, we have to calculate the overapplied manufacturing overhead which will be:
= $138,000 - $132,670
= $5,330
The journal entry will then be:
Debit: Manufacturing overhead (MOH) $5330
Credit: Cost of goods sold $5330
Business writing is more forceful when it uses active- voice verbs. Revise the following sentences so that verbs are in
the active voice. Put the emphasis on the doer of the action. Add subjects if necessary.
Example Antivirus software was installed on her computer.
Revision Madison installed antivirus software on her computer.
a. To protect students, laws were passed in many states that prohibited the use of social security numbers as identification. 

b. Software was installed to track how much time employees spend surfing the Web. 

c. Checks are processed more quickly by banks because of new regulations. 

d. Millions of packages are scanned by FedEx every night as pack- ages stream through its Memphis hub. 

e. Companies are being advised by analysts that tablet computers have to be replaced more often than PCs. 

Answer:
a. To protect students, laws were passed in many states that prohibited the use of social security numbers as identification.
Revision: Law makers in order to protect students passed laws in many states that that prohibited the use of social security numbers as identification.
b) Software was installed to track how much time employees spend surfing the Web.
Revision: The IT department installed software to track how much time employees spend surfing the Web.
c. Checks are processed more quickly by banks because of new regulations.
Revision: The banks are now processing checks more quickly because of new regulations.
d) Millions of packages are scanned by FedEx every night as pack- ages stream through its Memphis hub.
Revision: FedEx scans millions of packages every night as packages stream through its Memphis hub.
e) Companies are being advised by analysts that tablet computers have to be replaced more often than PCs.
Revision: Some analysts have given advise to companies that tablet computers have to be replaced more often than the PCs.
Cameron Chemicals uses the weighted-average method in its process costing system. During January, the Assembly Department completed its processing of 25,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $691,870 in total. The ending work in process inventory in January consisted of 3,800 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Required:
a. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month.
b. Compute the cost of ending inventory and of the units transferred to the next department for January.
c. Prepare a cost reconciliation for January.
Answer:
Cameron Chemicals
Assembly Department:
a. Equivalent units: Materials Labor Overhead
Ending Work-in-Process (3,800) 3,040 2,280 2,280
b. Costs of ending inventory and the units transferred out:
Ending WIP:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Ending Work-in-Process (3,800) 3,040 2,280 2,280
Ending WIP = (3,040*$14.40 + 2,280*$4.50 + 2,280*$7.90) = $72,048
Units transferred out:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Completed and transferred out 25,100 25,100 25,100
Cost of units transferred out = 25,100*$14.40 + 25,100*$4.50 + 25,100*$7.90) = $672,680
c. Cost Reconciliation for January:
Materials Labor Overhead Total
Ending WIP = $43,776 $10,260 $18,012 $72,048
Units transferred out 361,440 112,950 198,290 $672,680
Total costs = $405,216 $123,210 $216,302 $744,728
Explanation:
a) Data and Calculations:
Total costs of beginning WIP and Units added = $691,870
Ending WIP 3,800 units, 80% complete (materials) and 60% complete (conversion)
Cost per equivalent unit:
Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90
Equivalent units: Materials Labor Overhead
Completed and transferred out 25,100 25,100 25,100
Ending Work-in-Process (3,800) 3,040 2,280 2,280
Total equivalent units = 28,140 27,380 27,380
Selected transactions for Ayayai Corp. during its first month in business are presented below.
Sept. 1 Issued common stock in exchange for $18,000 cash received from investors.
5 Purchased equipment for $8,500, paying $2,500 in cash and the balance on account.
8 Performed services on account for $18,000.
14 Paid salaries of $1,200.
25 Paid $2,500 cash on balance owed for equipment. 30 Paid $500 cash dividend.
Required:
Therow's chart of accounts shows Cash, Accounts Receivable, Equipment, Accounts Pay- able, Common Stock, Dividends, Service Revenue, and Salaries and Wages Expense.
a. Prepare a tabular analysis of the September transactions.
b. Journalize the transactions. Do not provide explanations.
c. Post the transactions to T-accounts.
Answer:
Sept 1. Cash (Dr.) $18,000
Common Stock (Cr.) $18,000
5. Equipment (Dr.) $8,500
Cash (Cr.) $2,500
Accounts Payable (Cr.) $5,000
8. Accounts Receivable (Dr.) $18,000
Service Revenue (Cr.) $18,000
14. Salaries Expense (Dr.) $1,200
Cash (Cr.) $1,200
25. Accounts Payable (Dr.) $2,500
Cash (Cr.) $2,500
30. Dividend Paid (Dr.) $500
Cash (Cr.) $500
Explanation:
T- Accounts:
Debits
Cash 11,800
Equipment 8,500
Accounts Receivable 18,000
Salaries Expense 1,200
Total 39,500
Credits
Service Revenue 18,000
Accounts Payable 2,500
Common Stock 18,000
Dividend Paid 500
Total 39,500
What are the primary reasons food producers can increase profits by participating in a local direct market?
They get higher prices and keep all the retail sales.
The local government gives them tax breaks.
The local community supports their efforts with donations.
They save on transportation and travel costs.
Answer:
What are the primary reasons food producers can increase profits by participating in a local direct market? They get higher prices and keep all the retail sales
Explanation:
Suppose there are only two firms that sell tablets, Padmania and Capturesque. The payoff matrix below shows the profits (in millions of dollars) each company will earn depending on whether it sets a high or low price for its tablets. For example, the lower-left cell shows that if Padmania prices low and Capturesque prices high, Padmania will earn a profit of $15 million and Capturesque will earn a profit of $2 million. Assume this is a simultaneous game and Padmania and Capturesque are both profit-maximizing firms.
Capturesque
Padmania high price low price
high price 11,11 2,15
low price 15, 2 8, 8
1. If Padmania prices high, Capturesque will make more profit if it chooses a _____ price, and if Padmania prices low, Capturesque will make more profit if it chooses a _____ price.
2. If Capturesque prices high, Padmania will make more profit if it chooses a _____ price, and if Capturesque prices low, Padmania will make more profit if it chooses a _____ price.
3. Considering all of the information given, pricing low _____ a dominant strategy for both Padmania and Capturesque.
4. If the firms do not collude, what strategies will they end up choosing?
a. Both Padmania and Capturesque will choose a low price.
b. Padmania will choose a high price and Capturesque will choose a low price.
c. Both Padmania and Capturesque will choose a high price.
d. Padmania will choose a low price and Capturesque will choose a high price.
5. True or False: The game between Padmania and Capturesque is an example of the prisoners' dilemma.
Answer:
low low
2. low low
3. pricing low is a dominant strategy for Padmania and Capturesque.
4. price low
5. yes
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
A prisoner's dilemma is when there is a motivation for a player to make a decision that would create a less optimal outcome for other players
If Padmania prices high, Capturesque can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.
if Padmania prices low, Capturesque can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to price low
If Capturesque prices high, Padmania can either charge low or high. If it charges low, it would earn 15 and if it charges high, it would earn 11. It is better to charge low.
If Capturesque prices low, Padmania can either charge low or high. If it charges low, it would earn 8 and if it charges high, it would earn 2. It is better to charge low.
What is the ability to adapt to changes?
A Master Plan
B Inventory
C Flexibility
D Timeline
Answer:
The answer is C Flexibility.
Explanation:
Answer:
a .master plan
Explanation:
im not sure
A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:
Answer:
An active-passive local server
Explanation:
The following information is available for Wonderway, Inc., for 2015:
Factory rent $28,700
Company advertising 19,900
Wages paid to laborers 83,600
Depreciation for president's vehicle 8,050
Indirect production labor 1,990
Utilities for factory 31,400
Production supervisor's salary 31,600
President's salary 61,300
Direct materials used 35,600
Sales commissions 7,640
Factory insurance 13,600
Depreciation on factory equipment 28,000
Required:
a. Calculate the direct labor cost for Wonderway.
b. Calculate the manufacturing overhead cost for Wonderway.
c. Calculate the prime cost for Wonderway.
d. Calculate the conversion cost for Wonderway.
e. Calculate the total manufacturing cost for Wonderway.
f. Calculate the period expenses for Wonderway.
Answer:
a. $81,610
b. $135,290
c. $117,200
d. $216,900
e. $252,490
f. $96,890
Explanation:
direct labor cost = $83,600 - $1,990 = $81,610
manufacturing overhead cost = $28,700 + $1,990 + 31,400 + $31,600 + $13,600 + 28,000 = $135,290
prime cost = $35,600 + $81,610 = $117,200
conversion cost = $81,610 + $135,290 = $216,900
total manufacturing cost = $135,290 + $117,200 = $252,490
period expenses = $19,900 + $8,050 + $61,300 + $7,640 = $96,890
Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer
Which shop will benefit the most from its expansion?
A. The shops will benefit equally because they are using the same quantity of equipment.
B. Donny, because his workers currently have less available capital to work with
C. The local weight-loss clinic, because the number of doughnuts consumed will increase
D. Sunshine, because her operation was producing more doughnuts to start with
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozen
B. about 50 dozen
C. at least 100 dozen
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozen
B. at least 80 dozen
C. at least 100 dozen
Answer:
Which shop will benefit the most from its expansion?
B. Donny, because his workers currently have less available capital to work withThe law of marginal returns applies here, that is why Sunshine donuts didn't produce twice as many by using more machines
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozenSimilar to the additional production that Sunshine had in the past.
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozenMaybe even a little more than 50 dozen, but definitely less than 80 or 100.
WeeBee Company has three assembly labor dassifications: 5-1, S-2, and S-3. The three dassifications are paid $16, $19, and $22 per hour, respectively. The assembly activity for a product uses an S-2 employee who performs that task in 24 minutes. To reduce the activity cost per unit, a product engineer proposes using a low rated employee who can perform the assembly in 21 minutes. A manager proposes using a lower-rated employee who can perform the assembly in 30 minutes Which of the following provides the most cost-effective solution?
a. use the S-2 employee
b. use either the 5-1 or 5-3 employee
c. use the S-3 employee
d. use the S-1 employee
Answer:
b.use the S-2 employee
Explanation:
Calculation for the the most cost-effective solution
S-1 S-2 S-3
Time for 1 unit (in minutes) 30 24 21
Units in 1 hour 2 2.5 2.857142857
(60/30= 2)
(60/24=2.5)
(60/21=2.857142857)
Wages per hour $ 16.00 $ 19.00 $ 22.00
Wages per/ unit $ 8.00 $7.60 7.70
($ 16.00/2=$8)
($ 19.00/2.5=$ 7.60)
($ 22.00/2.857142857=$ 7.70)
Ranking
S-1 $ 8.00 III
S-2. $7.60 I
S-3 7.70 II
Therefore based on the above Calculation the most cost-effective solution will be to use the S-2 employee
Alcorn Service Company was formed on January 1, Year 1.
Events Affecting the Year 1 Accounting Period
1. Acquired $66,000 cash from the issue of common stock.
2. Purchased $2,400 of supplies on account.
3. Purchased land that cost $30,000 cash.
4. Paid $2,400 cash to settle accounts payable created in Event 2.
5. Recognized revenue on acount of $54,000
6. Paid $27,000 cash for other operating expenses.
7. Collected $44,000 cash from accounts receivable.
Information for Year 1 Adjusting Entries
8. Recognized accrued salaries of $3,800 on December 31, Year 1.
9. Had $800 of supplies on hand at the end of the accounting period.
Events Affecting the 2019 Accounting Period
1. Acquired $26,000 cash from the issue of common stock.
2. Paid $3,800 cash to settle the salaries payable obligation.
3. Paid $5,400 cash in advance to lease office space.
4. Sold the land that cost $30,000 for $30,000 cash.
S. Received $6,600 cash in advance for services to be performed in the future.
6. Purchased $1,600 of supplies on account during the year.
7. Provided services on account of $38,000.
8. Collected $39,000 cash from accounts receivable.
9. Paid a cash dividend of $5,000 to the stockholders.
10. Paid other operating expenses of $25,500.
Information for 2019 Adjusting Entries
11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term.
12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1.
13. Had $900 of supplies remaining on hand at the end of the period.
14. Recognized accrued salaries of $4,500 at the end of the accounting period.
15. Recognized $1,000 of accrued interest revenue.
Required:
Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (NJ), asset exchange (AE), or claims exchange (CC).
Answer:
1. Asset Source
2. Asset Source
3. Asset Exchange
4. Asset Exchange
5. Asset Source
6. Asset Use
7. Asset Exchange
8. Claim Exchange
9. Asset Use
10. Asset Use
Explanation:
Asset use is the daily operating activities in a business where transactions are performed and assets are purchase for use. These are routine day to day activities for a business. Asset exchange is the acquisition of asset with another asset. Asset Source is the funding of business through cash and cash equivalents. Claim exchange is the pending assets which is claimed by the business.
What is an alternative plan?
A) Deadline
B) Plan
C) Inventory
D) Contingency Plan
Explanation
alternative plan means a plan of reorganization (other than the Plan) that does not include Investor and/or funds managed by Investor as the sole new money underwriter.
ANSWER
PLAN
MARK AS BRAINLIEST PLEASE
I wanna know about debit and credit full explanation
Answer:
Explanation:
A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.
A credit is an entry alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.
Answer:
CREDIT vs. DEBIT
Explanation:
Debit :- A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet ... For instance , if a firm takes out a loan to purchase equipment , it would debit fixed assets and at the same time credit a liabilities account , depending on the nature of the loan .
Credit :- Generally defined as a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date—generally with interest .
Main Difference :- When you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time . When you use a credit card , the amount will be charged to your line of credit , meaning you will pay the bill at a later date , which also gives you more time to pay .
A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site and using conventional power. Solar cells will cost $18,000 to install and will have a useful life of 5 years with no salvage value. Annual costs for inspection, cleaning, and other maintenance issues are expected to be $2,400. A new power line will cost $27,500 to install, with power costs expected to be $1,000 per year. Since the air sampling project will end in 5 years, the salvage value of the line is considered to be zero. At an interest rate of 10% per year,
a. Which alternative should be selected on the basis of an annual worth analysis
b. What must be the first cost of the above ground line to make the two alternatives equally attractive economically?
Answer:
a) should install the solar cells
alternative 1, solar cells
initial investment $18,000
annual expenses $2,400 (5 years)
NPV = $27,097.89
AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36
alternative 2, power line
initial investment $27,500
annual expenses $1,000 (5 years)
NPV = $31,290.79
AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43
b) $23,307.10
I need help answer this question please
what is political geography
Explanation:
Political geography is concerned with the study of both the spatially uneven outcomes of political processes and the ways in which political processes are themselves affected by spatial structures.
MARK AS BRAINLIEST PLEASE
Answer:
Is concerned with the study of both uneven spatially outcomes of processes from politics and the ways in which political processes are affected by spatial structures!
Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:
• end of year 1: $1,000,
• end of year 2: $1,500,
• end of year 3: $2,000,
• and so on...
with the amount increasing $500 each year until the scholarship reaches $5,000. The annual scholarship will remain at $5,000 until the fund is depleted. If the account balance is less than $5,000 at the end of any year (i.e., after the awarding of the $5,000 for that year), that remaining amount immediately will be awarded as a smaller scholarship, and the account will be closed. The scholarship fund earns interest at an effective annual rate of 8%. Determine how many full $5,000 scholarships will be awarded.
Answer:
18 full scholarships will be awarded
Explanation:
year beginning interest scholarship ending
balance earned awarded balance
1 40000 43200 1000 42200
2 42200 45576 1500 44076
3 44076 47602 2000 45602
4 45602 49250 2500 46750
5 46750 50490 3000 47490
6 47490 51289 3500 47789
7 47789 51613 4000 47613
8 47613 51422 4500 46922
9 46922 50675 5000 45675
10 45675 49329 5000 44329
11 44329 47876 5000 42876
12 42876 46306 5000 41306
13 41306 44610 5000 39610
14 39610 42779 5000 37779
15 37779 40801 5000 35801
16 35801 38666 5000 33666
17 33666 36359 5000 31359
18 31359 33868 5000 28868
19 28868 31177 5000 26177
20 26177 28271 5000 23271
21 23271 25133 5000 20133
22 20133 21743 5000 16743
23 16743 18083 5000 13083
24 13083 14129 5000 9129
25 9129 9860 5000 4860
26 4860 5249 5000 249
A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______.
Answer:
The company should accept the idea reason been that the profit will increase by $24,000
Explanation:
Calculation to determine What should the company do
First step
Increased CM = [10,750 x (27+(40-45))]- (10,000 x 27)
Increased CM = [10,750 x(27+5)]- (10,000 x 27)
Increased CM = (10,750 x 32) - (10,000 x 27)
Increased CM = $344,000-$270,000
Increased CM = $74,000
Now let calculate the profit
Profit =$74,000-$50,000
Profit=$24,000 Increase
Therefore based on the above calculation The company should accept the idea reason been that the profit will increase by the amount of $24,000