Answer:
Break-even point in units= 2,800
Explanation:
Giving the following information:
Fixed csots= $140,000
Unitary variable cost= 80 - 10= $70
Selling price per unit= $120
To calculate the new break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 140,000 / (120 - 70)
Break-even point in units= 2,800
A time draft is a negotiable instrument, which means that it:_______
a. is also known as a bill of lading.
b. has no value given the deferred nature of the document.
c. can be sold to an investor.
d. cannot be transferred.
e. is generally not preferred in international transactions.
Answer:
c. can be sold to an investor.
Explanation:
The time draft would permits the draft bearer having two options that involved to sell it at a discount prior to the maturity time or hold it till maturity in the case when the amount is fully paid
Therefore as per the given situation, the time draft means that it could be sold to an investor
hence, the correct option is c
ANd, the rest of the options are wrong
Bryant Company has a factory machine with a book value of $93,500 and a remaining useful life of 6 years. It can be sold for $30,600. A new machine is available at a cost of $534,000. This machine will have a 6-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $556,800 to $460,200. Prepare an analysis showing whether the old machine should be retained or replaced.
Answer:
Bryant Company
Analysis of old and new machines:
Old Machine New Machine
Annual depreciation costs $10,833 $89,000
Savings from variable
manufacturing costs 0 $96,600
Net savings ($10,833) $7,600
Explanation:
a) Data and Calculations:
Book value of old machine = $93,500
Remaining useful life = 6 years
Salvage value = $30,600
Depreciable amount of old machine = $62,900 ($93,500 - 30,600)
Annual Depreciation cost of old machine = $10,483 ($62,900/6)
Cost of new machine = $534,000
Useful life = 6 years
Depreciable amount of new machine = $89,000 ($534,000/6)
Reduction in variable manufacturing costs = $96,600 ($556,800 - $460,200)
Savings from new machine = $7,600
b) Conclusion: The old machine should be replaced. It costs more to retain the old machine than it costs to replace it. There will be a net gain of $7,600 from the new machine, from the reduction of the variable manufacturing costs from $556,800 to $460,200.
A company engaging in social listening notices a sharp increase in volume of social media mentions of the company accompanied by a sharp decrease in sentiment about the company. It is likely that:____.
a. the company's social media activities are having the desired effect.
b. there is an impending brand crisis.
c. the two changes are unrelated.d. the software that encodes sentiment is glitching.
Answer:
c. the two changes are unrelated.
Explanation:
In the case when the company is engaged in the social listening so it would be noticed that there is a rise in the social media volume that reduced the sentiment of the company
So the above situation represents that there are two changes i.e. the one is rise and the other are reduce but the both are non-related
hence, the correct option is c.
And, the rest of the options are wrong
Marin Company's accounts receivable arising from sales to customers amounted to $131000 and $114000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $498000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:Fixed manufacturing costs $50,000 per monthVariable manufacturing costs $12.00 per ton of steelNikoto produced 40,000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March?a) $520,000b) $650,000c) $480,000d) $530,000
Answer:
d) $530,000
Explanation:
The computation of the total manufacturing cost for the march month is shown below
= Fixed manufacturing cost + (produced tons × variable manufacturing cost per ton)
= $50,000 + (40,000 Tons × $12.00 per ton)
= $50,000 + $480,000
= $530,000
hence, the total manufacturing cost for the march month is $530,000
Therefore the correct option is d.
In 2010, the $471 billion deficit on the U.S. current account was offset by a surplus of $255 billion on financial account. This difference is the result of:_________.
A. budget deficit.
B. statistical discrepancy.
C. trade deficit.
D. national debt.
Answer:
B. statistical discrepancy.
Explanation:
Since it is mentioned that the $471 million represents the deficit in the US current account i.e. counterbalanced by a surplus of $255 billion
So here the difference represents the statistical discrepancy
Therefore as per the given situation, the correct option is B
And, the rest of the options are wrong
help can someone solve this ?
Answer:
4;BD
Explanation:
IT like saying that when his income was zero his consumption was zero so F is zero for income, B is zero for consumption
An example of a poor study environment is a place with
a chair that has a strong back.
textbooks and other resources.
minimal talking and no background noise.
messy surfaces and a lot of movement.
Answer:
messy surfaces and a lot of movement
Explanation:
It will make you less focused
Answer:
D messy surfaces and a lot of movement.
Explanation:
We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of Persia, most of the Byzantine Empire, and much of the Mediterranean world in the seventh and eighth centuries. How did the new invaders manage to govern the advanced civilizations that they conquered?
Answer:
The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.
For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.
They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.
On July 1, 2017, Amos Corporation granted nontransferable, nonqualified stock options to certain key employees as additional compensation. The options permit the purchase of 20,000 shares of Amos’s $1 par common stock at a price of $32 per share. On the grant date, the stock’s market value was $32 per share. The options were exercisable beginning July 1, 2021, and expire on July 1, 2025. On February 3, 2023, when the stock was selling for $53 per share, all options were exercised. Amos's tax rate is 35%. Amos has a December 31 year end for financial reporting purposes.
Required:
1. How much compensation expense should Amos record in 2017 and 2018 if the options are worth $15 per share on the grant date?
2. Compute the tax benefit that Amos will receive in 2023 when the employees exercise the options.
Answer:
1. Total compensation expenses = 20,000 * $15 = $300,000
Vesting period (From 2017-2021) = 4 years
Annual compensation expenses = Total compensation expenses / 4
Annual compensation expenses = $300,000 / 4 years
Annual compensation expenses = $75,000
a. Compensation expenses 2017 = $75,000/2
Compensation expenses 2017 = $37,500
b. Compensation expenses 2018 = $75,000
2. The spread between the grant price and exercise price is allowed as base of tax benefit.
Tax benefit = [20,000 * (53-32)] * 35%
Tax benefit = [20,000 * 21] * 35%
Tax benefit = $420,000 * 35%
Tax benefit = $147,000
Amos incurred a compensation expense of $37,500 in 2017 and $75,000 in 2018. Amos will gain $147,000 in tax benefits in 2023.
How do you compute compensation expense and tax benefit?1.
[tex]\text{Total compensation expenses} = 20,000 \text{ x } $15 = $300,000\\\\\text{Vesting period (From 2017-2021)} = 4 \text{years}\\\\\text{Annual compensation expenses} = \text{Total compensation expenses} / 4\\\\\text{Annual compensation expenses} = $300,000 / 4 \text{years}\\\\\text{Annual compensation expenses} = $75,000\\\\\text{a. Compensation expenses} 2017 = $75,000/2\\\\\text{Compensation expenses} 2017 = $37,500\\\\\text{b. Compensation expenses} 2018 = $75,000\\\\[/tex]
2.
The difference between the grant price and the exercise price can be used as the basis for calculating the tax advantage.
[tex]\text{Tax benefit} = [20,000 \text{ x } (53-32)] \text{ x } 35%\text{Tax benefit} = [20,000 \text{ x } 21] \text{ x } 35%\text{Tax benefit} = $420,000 \text{ x } 0.35\text{Tax benefit} = $147,000[/tex]
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Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon rate is 8% And coupons are paid semiannually. The bond is currently selling for $828 per $1,000 bond. What is the cost of debt?
a. 8%
b. 9%
c. 10%
d. 11%
e. 12%
Answer:
c. 10%
Explanation:
The Yield to Maturity(YTM) of the Bond is the cost of the debt. So, we need to find the YTM first.
Here i will use a Financial Calculator to enter and compute the YTM as follows :
N = 20× 2 = 40
PMT = ($1,000 × 8%) ÷ 2 = $40
PV = $828
P/YR = 2
FV = 1,000
I or YTM = ?
Thus the cost of the Bond is 10%
What are the differences between the five-stage model of team development and the punctuated equilibrium model?
Answer: The five stage model of a team Development include; forming, storming, norming, performing and adjourning, Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.
Explanation:
The five stage model of a team Development include; forming, storming, norming, performing and adjourning.
Forming involves acquittance with the members, understand scope of the project and establish good relationships.
Storming involves members accepting they're part of the project group and resist constraint on individualism.
In norming, the group establishes how they can work together.
Performing is being functional
Adjsuting, the team prepares for high disbandment
Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.
In the domestic market, following the imposition of a voluntary quota, imports ________, domestic production ________, and prices ________.
a. increase; decreases; decrease
b. decrease; decreases; increase
c. decrease; increases; increase
d. increase; increases; increase
e. decrease; increases; decrease
Answer:
c. decrease; increases; increase
Explanation:
In the case of the domestic market, the import quota would be considered as an upper limit where the country could import
Now when the import quota would imposed so the import would decreased, the domestic production would increased and the price is also increased
hence, the correct option is c
And, the rest of the options are incorrect
You have taken out a $225,000, 3/1 ARM. The initial rate of 5.8% (annual) is locked in for three years and is expected to increase to 6.5% at the end of the lock period. Calculate the initial payment on the loan. (Note: the term on this 3/1 ARM is 30 years.)
Answer:
$1,320.19
Explanation:
Loan amount = $225,000
Rate = 5.80%
Years = 30
PMT = ?
Initial payment = PMT(Rate/12, Years*12, -225,000)
Initial payment = PMT(5.80%/12, 360, -225,000)
Initial payment = 1320.185230439806
Initial payment = $1,320.19
Therefore, the initial payment on the loan is $1,320.19
1. Working with Numbers and Graphs Q1 Last year, Raphael bought a bond for $10,000 that promises to pay him $900 per year. This year, he can buy a bond for $10,000 that promises to pay $1,000 per year. If Raphael wants to sell his old bond, what is its price likely to be
Answer:
$9,000
Explanation:
Last year, Raphael bought a bond for $10,000 that promises to pay him $900 per year
Interest rate = $900/$1000 * 100 = 9%
This year, he can buy a bond for $10,000 that promises to pay $1,000 per year.
Interest rate = 1,000/10000 * 100 = 10%
If Raphael wants to sell his old bond, he has to lower its price in order to compensate for rise in interest rate. The bond, which he would sell, should pay 10% interest PA
=>> 900/10% * 100 = $9,000
So, the bond price is likely to be $9,000
Rankings as well as word of mouth from satisfied customers drive additional sales for automotive companies. However, because this orientation uses an aggressive marketing style, the main problem with a _______ is that there is a lack of understanding of what customers want and need. The customer is not in charge. a. sales orientation b. societal marketing orientation c. market orientation d. production orientation
Answer:
a. sales orientation
Explanation:
The sales orientation is a business model that focused to make the best product and the services without knowing the customer needs and wants
Therefore as per the given situation, it is mentioned that there is a lack of understanding with respect to the customer wants and need
So this represents the sales orientation
hence, the correct option is a.
Unon Inc. offers its employees a career management program in which they can take a variety of self-assessments. When employees complete these self-assessments, what is the organization's responsibility in the next stage of the career management process
Answer: Communicating to the employee the results of the performance evaluation and any development opportunities available
Explanation:
Based on the above scenario, the organization's responsibility in the next stage of the career management process will be to let the employees know the result of the performance evaluation assessments that was done and also inform them about any other development opportunities that were available.
This is vital for organizational development as the employees can seek ways to improve and this will contribute a positive quota to the growth of the company.
The Blue Spruce Corp. has five plants nationwide that cost $350 million. The current fair value of the plants is $580 million. The plants will be reported at assets as:_________.
a) $930 million
b) $230 million
c) $350 million
d) $580 million
Answer:
C
Explanation:
Equipment are reported at historical values. the historical value in this case is the price at which the plants were acquired. This is $350 million.
Fair value is the price at which the plant would be sold at the market today.
The fair value would be recorded by the acquiring firm in the case of the acquisition of The Blue Spruce Corp. or in a case were the plants are sold
When a bank decided to invest in cash-counting equipment and new cubicles for its loan officers,they were recorded on the bank balance sheet as:__________
A) liabilities.
B) assets.
C) vault cash.
D) deposits.
E) loans.
Answer:
B) assets.
Explanation:
When a bank decided to invest in cash-counting equipment and new cubicles for its loan officers,they were recorded on the bank balance sheet as assets.
In this scenario when the bank decided to invest in cash counting equipment and new cubicles, it is acquiring new assets in its name.
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2018. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2018 and 2019, respectively. Pepe uses the equity method to account for its investment in Devin.What is the consolidated gain or loss on equipment for 2018
Answer: $9000
Explanation:
Based on the values given in the question, the consolidated gain or loss on equipment for 2018 would be calculated as:
Cost of equipment = $120,000
Less accumulated depreciation = $66,000
Less: Amount Devin sold equipment to Pepe = $45,000
Consolidated loss= $120,000 - $66000 - $45000
= $9000
Frictional and structural unemployment can be alleviated by implementing a supply-side policy such as 19) A) * decreasing government subsidies. B) increasing the power of trade unions. ) cutting back on business spending on educational training. D) the government giving tax breaks to companies locating in poor geographic areas.
Answer: the government giving tax breaks to companies locating in poor geographic areas.
Explanation:
Under the modified accrual basis of accounting for a governmental unit, revenues should be recognized in the accounting period in which they:____.
A. Are earned and become measurable.
B. Are collected Become available and measureable.
C. Become available and earned.
D. Are earned and collected.
Answer:
The answer is B.
Explanation:
Modified accrual basis of accounting combine both the characteristics of accrual basis and cash basis together.
Revenue is only recognize in the income statement when it is measurable(must be reasonably estimated) and available to finance the firm's expenditure.
In September 2008, the stock market fell sharply and continued to perform poorly due to the financial crisis. How did this change impact GDP in the economy?
Answer:
Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.
Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.
If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.
Which of the following scenarios BEST illustrates the role of money as a medium of exchange?
A
Jane writes a $600 check to pay her rent.
B
Jane has a $500 balance on her credit card.
C
Jane puts 5% of her income into savings each month.
D
Jane uses her investments as collateral for a business loan.
Answer:it’s A
Explanation: I just took a test with this question
Scenarios that best illustrates the role of money as a medium of exchange is Jane writes a $600 check to pay her rent. Option (a) is correct.
What do you mean by Exchange?Giving or receiving something in exchange for another is known as an exchange.
As a means of exchange, money makes transactions for goods and services easier. Producers trade money for the products they sell to wholesalers. Retailers then sell the goods to consumers in exchange for money from wholesalers, who in turn sell their products to them.
The first function of money is that it is a medium of trade, which implies that it works as a go-between for buyers and sellers. The accountant now trades accounting services for money instead of shoes when they were first introduced.
Therefore, Option (a) is correct. Scenarios that best illustrates the role of money as a medium of exchange is Jane writes a $600 check to pay her rent.
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Sandra goes into her favorite shoe store where they are holding a special sales promotion. The salesperson explains to Sandra that if she purchases one pair of shoes, she would receive a free pair of socks. Which type of sales
promotion is this?
NEED ASAPPP ITS AN EXAM..
Answer:
Premium
Explanation:
A premium type of sales promotion is this. Thus, option B is correct.
Who is a salesperson?
The salesman is in charge of welcoming clients, guiding them toward the merchandise they need, and counting up transactions. You need to be a great communicator if you want to succeed in sales. A successful salesman achieves sales goals while being courteous and helpful to consumers.
The salesman is in charge of welcoming clients, guiding them toward the merchandise they need, and counting up transactions. You need to be a great communicator if you want to succeed in sales. A successful salesman achieves sales goals while being courteous and helpful to consumers.
With the confirmation of purchase, you can receive a reward for nothing or for minimal shipping as well as a handling fee. Therefore, option B is the correct option.
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True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.
Answer: false
Explanation:
The coupons are a type of promo code that is used for shopping or when buying a ne product or an item of sale. There are various sorts of coupons such as those of the households, personal care, and grocery coupons,
As per the economic theory people who don't clip the coupons that are free dint behave rationally is false. As coupons is a sort of discount rate that is only applicable to the specific items and has serval conditions.Hence the option is False.
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Select the correct answer.
Which type of temporary group is formed to address a specific situation in an organization?
A. interest group
B. secondary group
C. self-managed group
D. task group
E. command group
Answer:
D. Task group
Explanation:
Task groups form to accomplish a specific task.
Answer:
D task group
Explanation:
A corporation sold 16,500 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: Multiple Choice A debit to Paid-in Capital in Excess of Par Value, Common Stock for $214,500. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $379,500. A debit to Cash for $165,000. A credit to Common Stock for $165,000. A credit to Common Stock for $214,500.
Answer:
A credit to Common Stock for $165,000
Explanation:
The journal entry is shown below
Cash (16,500 shares × $13) $214,500
To Common stock (16,500 shares × $10) $165,000
To Additional paid in capital in excess of par value (16,500 shares × $3)
$49,500
(being the issuance of the common stock is recorded)
Here the cash is debited as it increased the assets and credited the common stock and additional paid in capital as it increased the equity
Therefore the A credit to Common Stock for $165,000 is the correct option
Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $120,000, $160,000, and $220,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31?
Answer: $174000
Explanation:
The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:
= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)
= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)
= $66000 + $96000 + $12000
= $174000
Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 12,000 Actual variable overhead incurred: $77,700 Actual machine hours worked: 18,800 Standard variable overhead cost per machine hour: $4.50 If Orlando estimates 1.5 hours to manufacture a completed unit, the company's variable-overhead spending variance is:
Answer:
$37,600 favorable
Explanation:
Variable overhead spending variance can be computed as;
= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)
= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)
= [(18,800 × $6.5) - (18,800 × $4.5)]
= $122,200 - $84,600
= $37,600 favorable