Answer: $2,480,000
Explanation:
The amount of consolidated Building at December 31, 2020 will be:
Book value of High by Dec. 2020 = 1,500,000
Add: Book value of low by Dec. 2020 = 900,000
Add: Increase in fair value = (600000 - 400000) = 200000
Less: Incremental depreciation = 200,000 × 3/5 = 120,000
Consolidated building = 1,500,000 + 900,000 + 200,000 - 120,000
= 2,480,000
Forester Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Product Quantity Unit Cost Unit Replacement Cost Unit Selling Price A 1,000 $ 14 $ 16 $ 20 B 800 19 15 22 C 700 7 6 12 D 600 11 8 10 E 800 18 16 17 The cost to sell for each product consists of a 15 percent sales commission. The normal profit for each product is 35 percent of the selling price. Required: 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products. 2. Determine the carrying value of inventory at December 31, 2021, assuming the LCM rule is applied to the entire inventory. 3. Assuming inventory write-downs are common for Forester, record any necessary year-end adjusting entry based on the amount calculated in requirement 2.
Answer:
Forester Company
1. The carrying value of inventory at December 31, 2021, assuming the LCM rule is applied to individual products, is:
= $47,800
2. The carrying value of inventory at December 31, 2021, assuming the LCM rule is applied to the entire inventory, is:
= $49,800
3. Assuming inventory write-downs are common for Forester, the necessary year-end adjusting entry based on requirement 2 is:
Debit Cost of goods sold (Inventory write-down) $5,200
Credit Inventory $5,200
To write down the inventory value from $55,000 (purchase costs) to $49,800 (replacement costs).
Explanation:
a) Data and Calculations:
Product Quantity Unit Cost Unit Replace- Unit Selling LCM Value
ment Cost Price
A 1,000 $ 14 $ 16 $ 20 $14,000 ($14*1,000)
B 800 19 15 22 12,000 ($12*800)
C 700 7 6 12 4,200 ($6*700)
D 600 11 8 10 4,800 ($8*600)
E 800 18 16 17 12,800 ($16*800)
Total 3,900 $47,800
Total costs = (1,000*$14 + 800*$19 + 700*$7 + 600*$11 + 800*$18)
= ($14,000 + 15,200 + 4,900 + 6,600 + 14,400)
= $55,000
Tota replacement costs = (1,000*$16 + 800*$15 + 700*$6 + 600*$8 + 800*$16)
= ($16,000 + 12,000 + 4,200 + 4,800 + 12,800)
= $49,800
Total market value = (1,000*$20 + 800*$22 + 700*$12 + 600*$10 + 800*$17)
= ($20,000 + 17,600 + 8,400 + 6,000 + 13,600)
= $65,600
Total cost = $55,000
Total replacement cost = $49,800
Inventory write-down = $5,200
Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed:
Issued 5,400 shares of common stock for cash at $24 per share.
Issued 1,400 shares of common stock for cash at $27 per share.
Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.
Assets = Liabilities + Stockholders’ Equity
a.
b.
Prepare the journal entry required for each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
1. Record the issuance of 5,100 shares of common stock with a par value $2 for a price of $21 per share.
2. Record the issuance of 1,100 shares of common stock with a par value $2 for a price of $24 per share
3. Prepare the stockholders’ equity section as it should be reported on the year-end balance sheet. At year-end, the accounts reflected Net income of $200.
INCENTIVE CORPORATION
Balance Sheet (Partial)
At December 31
Stockholders’ Equity
Contributed Capital:
Total Contributed Capital 0
Total Stockholders’ Equity $0
+
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4. Incentive Corporation has $49,000 in the company’s bank account. What is the maximum amount of cash dividends the company can declare and distribute?
Maximum amount of cash dividends=
Answer:
Incentive Corporation
A. Assets = Liabilities + Stockholders’ Equity
a. Assets (Cash +$129,600 )= Liabilities + Stockholders' Equity (Common stock +$5,400 and Additional Paid-in Capital $1124,200)
b. Assets (Cash +$37,800 )= Liabilities + Stockholders' Equity (Common stock +$1,400 and Additional Paid-in Capital $36,400)
B. Journal Entries:
Debit Cash $129,600
Credit Common stock $5,400
Credit APIC $124,200
To record the issuance of 5,400 shares of common stock for cash at $24.
Debit Cash $37,800
Credit Common stock $1,400
Credit APIC $36,400
To record the issuance of 1,400 shares of common stock for cash at $27.
C. Journal Entries:
1. Debit Cash $107,100
Credit Common stock $10,200
Credit APIC $96,900
To record the issuance of 5,100 common stock shares with $2 par value for $21 per share.
2. Debit Cash $26,400
Credit Common Stock $2,200
Credit APIC $24,200
To record the issuance of 1,100 common stock shares with $2 par value for $24 per share.
3. Stockholders' Equity
INCENTIVE CORPORATION
Balance Sheet (Partial)
At December 31
Stockholders’ Equity
Contributed Capital:
Common Stock $6,200
Additional Paid-in Capital 121,100
Total Contributed Capital $127,300
Net income 200
Total Stockholders’ Equity $127,500
4. The maximum amount of cash dividends that Incentive Corporation can declare and distribute is $200, despite having $49,000 in the bank account.
Explanation:
a) Data and Calculations:
Authorized shares, 12,000 of common stock at $1 par value
Net income at year-end = $200
Cash balance at bank = $49,000
Transactions:
Cash $129,600 Common stock $5,400 APIC $124,200
Cash $37,800 Common stock $1,400 APIC $36,400
b) Transactions:
1. Cash $107,100 Common stock $10,200 APIC $96,900
2. Cash $26,400 Common Stock $2,200 APIC $24,200
Marketing managers must choose between the various forms of advertising media available as they develop their communication plans.
a. True
b. False
Answer:
true
Explanation:
Suppose the cross-price elasticity of demand between oranges and clementines is 4. Holding everything else constant, if the price of oranges increases, then the demand for _____ will _____.
Answer:
Suppose the cross-price elasticity of demand between oranges and clementines is 4. Holding everything else constant, if the price of oranges increases, then the demand for clementines will _decrease_.
Explanation:
The term cross price elasticity tell the responsiveness of demand of one commodity against the price of other commodities. When the value is positive which is 4 in our question, the oranges and clemenities are substitute commodities, both can be replaced with one another. In this case, when price of A increase, the demand for B will decrease.
Presented below is information related to equipment owned by Novak Company at December 31, 2020.
Cost $11,250,000
Accumulated depreciation to date 1,250,000
Expected future net cash flows 8,750,000
Fair value 6,000,000
Assume that Novak will continue to use this asset in the future. As of December 31, 2020, the equipment has a remaining useful life of 4 years.
Required:
Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2020.
Answer:
Debit : Impairment loss $1,250,000
Credit : Accumulated impairment loss $1,250,000
Explanation:
Impairment of an asset happens when, the Carrying Amount of an Asset is greater than the Net Realizable Value of an asset.
Carrying Amount is Cost of asset less Accumulated depreciation. Carrying Amount for the equipment is $10,000,000 ($11,250,000 - $1,250,000).
The Net Realizable Value of an asset is the higher of Fair Value of Asset and Future Value. For the equipment the Net Realizable Value is $8,750,000
Then, since Carrying Amount ($10,000,000) > Net Realizable Value ($8,750,000), the equipment is impaired.
Impairment loss will be $1,250,000 ($10,000,000 - $8,750,000).
The journal entry to record the impairment loss would be :
Debit : Impairment loss $1,250,000
Credit : Accumulated impairment loss $1,250,000
Which of the following is true about duration and modified duration?
I. The Macaulay duration calculates the weighted average time before a bondholder would receive the bond's cash flows.
II. Modified duration measures price sensitivity of a bond to changes in YTM by adjusting duration with a factor based on current yield.
III. The value of duration and modified duration are usually very close, but duration is almost always a larger number.
a. Only I and II are true.
b. All but IV are true.
c. Only II and III are true.
d. All are true.
Answer:
The truth about Macaulay Duration and Modified Duration is:
d. All are true.
Explanation:
Principally, the Macaulay Duration, used mainly with immunization strategies, measures the weighted average time an investor holds a bond until the period when the present value of the bond’s cash flows equals to the initial bond amount.
On the other hand, the Modified Duration, providing a risk measure by being sensitive to interest rates, identifies the amount by which the duration changes for each percentage change in the yield and, at the same time, measures how the amount of a change in the interest rates impacts a bond's price.
Pearsall Company's defined benefit pension plan had a PBO of $269,000 on January 1, 2021. During 2021, pension benefits paid were $43,000. The discount rate for the plan for this year was 11%. Service cost for 2021 was $86,000. Plan assets (fair value) increased during the year by $47,000. The amount of the PBO at December 31, 2021, was: Multiple Choice None of these answer choices are correct. $341,590. $226,000. $384,59
Answer:
$341,590
Explanation:
Calculation to determine what The amount of the PBO at December 31, 2021, was
PBO/1/1 $269,000
Service cost $86,000
Interest cost ($269,000 × 11%) $29,590
Benefits paid ($43,000)
PBO 12/31 $341,590
Therefore The amount of the PBO at December 31, 2021, was $341,590
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.
Transaction Consumption Investment Government Purchases Net Exports The federal government sends your grandmother a Social Security check.
You pay a domestic plumber for fixing a leak in your bathroom.
You buy a new Toshiba computer.
California hires workers to repave Highway 101.
Uncle Paul pays a domestic contractor for renovating his home.
Ford manufactures a Focus and adds it to its inventory.
Uncle John orders 10 new computers for his finance business.
Dell sells a desktop computer from its inventory to the Johnson family.
Answer:
not included
consumption
consumption
government spending
consumption
business spending
business spending
consumption and inventory (consumption increases and business inventory reduces)
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. transfer payments
The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Riverbed Corporation at December 31, 2020.
Common Stock ($6 stated value) $2,028,000
Paid-in Capital in Excess of Par-Preferred Stock $280,000
Paid-in Capital in Excess of Stated Value-Common Stock $851,000
Preferred Stock (896, $100 par) $550,000
Retained Earnings $1,170,000
Treasury Stock (10,000 common shares) $120,000
Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.)
Answer and Explanation:
The preparation of the stockholder equity section of the balance sheet is presented below:
Stockholder Equity
Paid in Capital
Capital Stock
8% Preferred Stock $100 par value $550,000
common stock no par $6 stated value $2,028,000
Total Capital Stock $2,578,000
Additional Paid in capital
in excess of par Preferred stock $280,000
In excess of stated value common stock $851,000
Total additional paid in capital $1,131,000
Total Paid in capital $3,709,000
Retained Earning $1,170,000
Total Paid in capital and retained Earnings $4,879,000
Less Treasury stock -$120,000
Total Stockholder Equity $4,759,000
The preparation of the stockholder equity section of the balance sheet is presented below and the total stockholder equity obtained is $4,759,000.
Stockholder Equity
Paid in Capital
Capital Stock
8% Preferred Stock $100 par value $550,000
common stock no par $6 stated value $2,028,000
Total Capital Stock $2,578,000
Additional Paid capital
in excess of par Preferred stock $280,000
In excess of stated value common stock $851,000
Total additional paid-in capital $1,131,000
Total Paid capital $3,709,000
Retained Earning $1,170,000
Total Paid in capital and retained Earnings $4,879,000
Less Treasury stock -$120,000
Total Stockholder Equity $4,759,000
Therefore, The total stockholder equity obtained is $4,759,000.
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Shaw is working on a marketing report for his coworkers. He has created a draft for his report, but he is concerned that he might be forgetting important points he originally thought of when considering the report. Shaw decides to use a version of listmaking to see if he covers all of the information he needs to convey in his report or if he needs to add additional items. Which features of invention does Shaw demonstrate through his choice to use listmaking after drafting his report
Answer:
Explanation:
Don't worry he will become successful.
Top Sound International designs and sells high-end stereo equipment for auto and home use. Engineers notified management in December 2018 of a circuit flaw in an amplifier that poses a potential fire hazard. Further investigation indicates that a product recall is probable, estimated to cost the company $3.2 million. The fiscal year ends on December 31.
Required:
1. Should this contingent liability be reported, disclosed in a note only, or neither?
a. Reported
b. Disclosed in a note only
c. Neither
2. What loss, if any, should Top Sound report in its 2018 income statement? Enter your answer in dollars, not in millions.
Loss to be reported: _____
3. What liability, if any, should Top Sound report in its 2018 balance sheet? Enter your answer in dollars, not in millions.
Liability to be reported: _____
4. What entry, if any, should be recorded? If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions.
Answer:
1. This contingent liability should be reported.
2. Loss to be reported: $3.2 million.
3. Liability to be reported: $3.2 million.
4. Debit Loss from product recall for $3,200,000; and Credit Contingent liability account for $3,200,000.
Explanation:
1. Should this contingent liability be reported, disclosed in a note only, or neither?
Contingent liability can be described as a liability that may occur depending on the outcome of a future event that may likely not occur.
A contingent liability is qualified to be reported only if it is possible to estimate its value, and that it can be proved that the probability of occurrence of such liability is higher than 50%.
A contingent liability has a higher than 50% probability of occurrence if it its value can be estimated.
Since the value of this contingent liability has been estimated to be $3.2 million, this implies that it has a higher than 50% probability of occurrence. Therefore, this contingent liability should be reported.
2. What loss, if any, should Top Sound report in its 2018 income statement? Enter your answer in dollars, not in millions.
The rule is that if a contingent liability can be estimated and has a higher than 50% probability of occurrence, the total estimated amount should be reported as a loss or expense in the income statement and as a liability in the balance sheet.
Therefore, the loss that Top Sound should report in its 2018 income statement is $3.2 million.
3. What liability, if any, should Top Sound report in its 2018 balance sheet? Enter your answer in dollars, not in millions.
The rule is that if a contingent liability can be estimated and has a higher than 50% probability of occurrence, the total estimated amount should be reported as a loss or expense in the income statement and as a liability in the balance sheet.
Therefore, the loss that Top Sound should report in its 2018 balance sheet is $3.2 million.
4. What entry, if any, should be recorded? If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions.
The journal entries will look as follows:
Details Debit ($) Credit ($)
Loss from product recall 3,200,000
Contingent liability account 3,200,000
(To record contingent liability from product recall.)
Where is the Apple Pay Cash recipients money stored
X Company currently buys a part from a supplier for $14.30 per unit but is considering making the part itself next year. This year, they purchased 3,000 units of this part; next year, they will need 3,500 units. Estimated costs to make the part next year are:'
Answer:
If the part is purchased externally it will cost
$50,050 [$14.3 * 3,500]
If the part is made internally then the costs to be added up is:
Direct material per unit
Direct Labor per unit
Variable overheads per unit
and Fixed overhead per unit
the total of these costs per unit will be multiplied by the units required to be made i.e 3,500.
X Company should choose the option with the lowest total cost for 3,500 units
Explanation:
If the part is purchased externally it will cost
$50,050 [$14.3 * 3,500]
If the part is made internally then the costs to be added up is:
Direct material per unit
Direct Labor per unit
Variable overheads per unit
and Fixed overhead per unit
the total of these costs per unit will be multiplied by the units required to be made i.e 3,500.
X Company should choose the option with the lowest total cost for 3,500 units
Historical Art is a new business. During its first year of operations, credit sales were $50,000 and collections from credit sales were $34,000. One account for $500 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 3% of credit sales to be uncollectible. the ending balance of allowance for bad debts account is?
A. 1,000
B. 2,505
C. 1,500
D. 465
Answer:
C. 1,500
Explanation:
Credit Sales x 3%
$50,000 x 0.03 = $1,500
Historical Art is a new business. The ending balance of allowance for bad debts account is 1,500. Thus, option (c) is correct.
What is business?
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based. The business are the based on the accounting system of the ending.
Determine the debts of the accounts are:
Historical Art is a new business are the account sheet:
The given amount are:
The credit sales were $50,000
The collections from credit sales were $34,000.
The estimates 3% of credit sales
The debts of the accounts = ?
The debts of the accounts = Credit Sales x estimates.
The debts of the accounts = $50,000 x 3%
The debts of the accounts = $1,500
As a result, the Historical Art is a new business. The ending balance of allowance for bad debts account is 1,500. Therefore, option (c) is correct.
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Machinery purchased for $66,000 by Metlock Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of $4,400 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2021, it is determined that the total estimated life should be 10 years with a salvage value of $4,950 at the end of that time. Assume straight-line depreciation.
Prepare the entry to record depreciation for 2021.
Answer:
Debit : Depreciation Expense $4,510
Credit : Accumulated Depreciation $4,510
Explanation:
Straight line method charges a fixed amount of depreciation for the period the asset is used in the business.
Depreciation expense = (Cost - Residual Value) ÷ Estimated Useful life
therefore
Annual Depreciation Expense = ($66,000 - $4,400) ÷ 8
= $7,700
2016
Annual Depreciation Expense = $7,700
2017
Annual Depreciation Expense = $7,700
2018
Annual Depreciation Expense = $7,700
2019
Annual Depreciation Expense = $7,700
2020
Annual Depreciation Expense = $7,700
2021
Beginning Accumulated depreciation Balance = $38,500
Calculate New Depreciable amount
Depreciable amount = Cost - Accumulated depreciation - New Salvage Value
= $66,000 - $38,500 - $4,950
= $22,550
Calculate New Useful Life
5 years have already expired so the remainder out of the new 10 years is 5 years
Calculate New Depreciation Expense
Depreciation Expense = $22,550 ÷ 5 = $4,510
Logan and Johnathan exchange land, and the exchange qualifies as like kind under § 1031. Because Logan's land (adjusted basis of $130,500) is worth $156,600 and Johnathan's land has a fair market value of $123,975, Johnathan also gives Logan cash of $32,625. a. Logan's recognized gain is $fill in the blank 1. b. Assume that Johnathan's land is worth $140,940 and he gives Logan $15,660 cash. Logan's recognized gain is ________
Answer:
A. $26,100
B. $15,660
Explanation:
Calculation to determine Logan recognized gain
A. Based on the information given in a situation where Johnathan's land is worth the amount of $123,975, Logan's recognized gain will be the amount of $26,100 which is the lesser of the amount realized as gain ($156,600 realized amount − $130,500 adjusted basis = $26,100) or the fairmarket value of the boot received amount of ($32,625)
Therefore Logan recognized gain will be $26,100
B. Based on the information given Ina situation were Johnathan's land is worth the amount of $140,940, Logan's recognized gain will be the amount of $15,660, the lesser of th amount realized as gain ($156,600 realized amount − $130,500 adjusted basis = $26,100) or the fairmarket value of the boot received of the amount of ($15,660).
Therefore Logan recognized gain will be $15,660
Davidsons has 15,000 shares of stock outstanding with a par value of $1 per share and a market value of $45 per share. The balance sheet shows $15,000 in the common stock account, $158,000 in the capital in excess of par account, and $132,500 in the retained earnings account. The firm just announced a stock dividend of 50 percent. What is the value of the retained earnings account after the dividend
Answer: -$205,000
Explanation:
Retained earnings balance = Retained earnings amount - Dividends declared
Dividends declared = Percent dividend * Number of shares * Market value
= 50% * 15,000 * 45
= $337,500
Retained earnings balance after dividend:
= 132,500 - 337,500
= -$205,000
Which is the best measure of risk for a single asset held in isolation, and which is the best measure for an asset held in a diversified portfolio? a. Standard deviation; correlation coefficient. b. Coefficient of variation; beta. c. Beta; variance. d. Variance; correlation coefficient. e. Beta; beta.
Answer:
b. Coefficient of variation; beta
Explanation:
In the case when the single asset would be held in isolation so here the best measure would be coefficient of variation
And, on the other hand the asset that held in diversified portfolio so here the beta would be considered as a best measure of risk
Also the asset held in diversified portfolio would be less risky as compared with the similar asset held in isolation
Natural gas is often priced in units of dollars per therm. One therm equals 100,000 BTUs . A certain family uses 600 therms of energy to heat its home annually using a natural gas furnace that is 80 percent efficient. The family is considering replacing its current furnace with one that is 96 percent efficient. Assuming the cost of a therm is $0.30.
Required:
What would be the family's annual savings in the cost of home heating?
Answer:
-$28.8.
Explanation:
Note, we were told,
to assume the cost of a therm is $0.30the family uses 600 therms of energy annually.Savings on old furnace:
600 * $0.30 * 0.80 (or written as 80%) = $144Savings on new furnace:
600 * $0.30 * 0.96 (or written as 96%) = $172.8Difference: $144 - $172.8 = -$28.8.
The family's annual savings in the cost of home heating will be (-$28.8).
Here, we are assuming the cost of a therm is $0.30 and that the family uses 600 therms of energy annually.
The savings on the old furnace equals:
= 600 * $0.30 * 0.80
= $144
Hence, the savings on old furnace: is $144.
The savings on new furnace equals:
= 600 * $0.30 * 0.96
= $172.8
Hence, the savings on old furnace is $172.8.
In conclusion, the family's annual savings in the cost of home heating will be (-$28.8).
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How can social media help employers during the hiring process ? Check all that apply
Social Media often provides a place for employers to begin their search, social media can fill in gaps on resumes or provide additional details, some sites can be a platform for recruiters to promote job openings.
Explanation: just got it right e2020
Employers frequently start their search on social media; it can complete information gaps on resumes or provide new information, and some sites can be used as a platform by recruiters to advertise job openings.
What is media?The term media, which is the word form of medium, refers to the human activity channels through which we disseminate news, music, movies, education, promotional messages, and other data This can include anything from black and white paper to digital data and includes art, news, educational content and numerous other forms of information.
Social media sites can be used to advertise job openings, find prospects, and confirm applicant backgrounds. Promote your employer brand. Sharing media about corporate values and employee events can assist build an employer brand to draw potential employees and clients.
Social media platforms provide human resources hiring departments with significantly more candidate information than they would have otherwise had at their fingertips. Employers have typically been restricted to the data that candidates include on their paper resumes.
Therefore, Thus option (B) is correct.
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In economics, property usually refers to _______ and ________ over a resource or good. A) legality; rules B) land; no control C) ownership; control D) slavery; no control
Answer:
C) ownership; control
Explanation:
Maria, a citizen and resident of Mexico, received the following investment income during 2018: $1,000 of dividend income from ownership of stock in a U.S. corporation, $2,000 interest from a bond issued by a U.S. corporation, $3,000 of rental income from property located in the United States, and $500 capital gain from sale of a stock in a U.S. corporation. How much of Maria’s income will be subject to U.S. taxation in 2018?
Answer: $6,000
Explanation:
Maria is a citizen and resident of Mexico so the only way the U.S. can tax Maria is by taxing income that is in U.S. jurisdiction before it comes to Maria.
This will include the dividend from ownership of stock in a U.S. Corporation, the interest from a U.S. company issued bond and rental income from a property located in the U.S.
The U.S. will be unable to tax the capital gain from sale of stock however because the sale might not be conducted in the U.S.
Income subject to U.S. taxation is therefore:
= 1,000 + 2,000 + 3,000
= $6,000
a. Was Apple wrong for not complying with the FBI’s request?
b. If so, why? If not, why not?
c. What ethical issues are involved in this case?
d. Who are the stakeholders in this situation?
e. Is the company’s decision consistent with its values? Is that important?
Gladstone Pavers has a long-term debt ratio of 0.6 and a current ratio of 1.6. Current liabilities are $700, sales are $4,440, the profit margin is 9.5 percent, and the return on equity is 19.5 percent. How much does the firm have in net fixed assets? $4,880.18 $4,987.69 $5,666.67 $5,848.15 $6,107.70
Answer:
$4,987.69
Explanation:
Calculation to determine How much does the firm have in net fixed assets
First step is to calculate the Current assets
Current assets = 1.6 × $700
Current assets= $1,120
Second step is to calculate the Net income
Net income = .095 × $4,440
Net income= $421.80
Third step is to calculate the Total equity
Total equity = $421.80/.195
Total equity= $2,163.0769
Fourth step is to calculate Long-term debt
0.6 = Long term debt/(Long-term debt + $2,163.0769)
Long-term debt = $3,244.6153
Fifth step is to calculate the Total debt
Total debt = $700 + $3,244.6153
Total debt= $3,944.6153
Sixth step is to calculate Total assets
Total assets = $3,944.6153 + $2,163.0769
Total assets= $6,107.6922
Now let calculate the Net fixed assets
Net fixed assets = $6,107.6922 - $1,120
Net fixed assets = $4,987.69
Therefore How much does the firm have in net fixed assets is $4,987.69
Bill is making $100 a week, and is saving for a $500 expense. How long will it
take him to save up enough money if he saves everything he earns?
A. More than 5 weeks
B. Less than 5 weetcs
O C. Exactly 5 weeks
D. Almost a year
Answer:
more than five weeks
Explanation: deductions
Exactly 5 weeks: it takes him to save up enough money if he saves everything he earns. Thus, option C is the correct option.
What is savings?Deferred consumption, or not spending money, is saving. Savings strategies involve setting money away in places including cash, investment funds, pension accounts, and deposit accounts. Reducing expenses, such as regular expenses, is another aspect of saving. Savings refers to any income not spent for immediate consumption.
In terms of personal finance, saving often refers to low-risk preservation of money, such as in a savings account, as opposed to investing, where the risk is much higher. Interest is not always taken into account while saving. Savings are distinct from savings. In contrast to the latter, which refers to either several chances to cut expenditures or one's assets in the form of cash, the former relates to the act of not using one's assets.
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World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company expects to use 25,000 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.625 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $50,000 fixed overhead cost and $275,000 variable overhead cost. In the current month, the company incurred $305,000 actual overhead and 22,000 actual labor hours while producing 35,000 units. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round your intermediate calculations.)
Answer:
Following are the solution to this question:
Explanation:
Please find the complete question in the attachment file.
Applied to fixed overhead
Overhead fixed by DL hr. [tex]=\frac{50000}{25000}\ \ \ \ \ \ \ \ \ \ \ =2[/tex]
DL hours standard [tex]=35000 \times \frac{25000}{50000 \times 80\%} \ \ \ \ \ \ \ \ \ \ \ \ =21875[/tex]
Application of fixed overhead [tex]= 21875 \times 2.0 \ \ \ \ \ \ \ \ \ \ = 43750[/tex]
Variance in volume
Application of total fixed overhead [tex]= \$43,750[/tex]
Fixed total estimates Superfast [tex]=\$50,000[/tex]
Variance of volume [tex]= \$6,250[/tex]
In the month of November, Oriole Company Inc. wrote checks in the amount of $10,410. In December, checks in the amount of $11,075 were written. In November, $8,245 of these checks were presented to the bank for payment, and $10,700 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November
Answer: $2165
Explanation:
Based on the information given, the amount of outstanding checks at the end of November will be the difference between the amount of checks written in November and the amount of checks that were presented to the bank for payment. This will be:
= $10,410 - $8245
= $2165
Therefore, the answer is $2165.
Almost everything in economics can be traced back to the law of supply and demand, which states what?
Answer:
The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it.
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it.
what are the examples of energy careers select three options
Answer:
1) Wind Energy Engineers, who design and develop wind farm systems.
2) Chief Sustainability Officers, who oversee green activities at their organizations.
3) Energy Auditors, who conduct audits to determine how energy-efficient homes or buildings are.
Explanation:
Sorry if this isn't what you were looking for, have a nice day!
Answer:Electrical Power-Line Installer
Power Plant Operator
Automotive Service Attendant
Explanation:
What are examples of Energy careers? Select three options.
× Carpenter
× Video Editor
Electrical Power-Line Installer
× Printing Press Operator
Power Plant Operator
Automotive Service Attendant
What is this point of becoming a access?