Answer:
Reinforce and reiterate the organization's commitment to scrum
Explanation:
The best way to deal with Hilton as in the above case is to reinforce and reiterate the organization's commitment to scrum because he is acting as a saboteur to scrum transition in the team. There is what we call synergy in a team, which signifies that a whole is better than a part hence his opinion must be ignored. The overall decision of a team in an organization supercedes that of an individual which is related to the firm's commitment on scrum.
Moreover, sending Hilton to scrum training will not be beneficial to the team because of his dislike towards the scrum transition hence the organization must make firm commitment towards scrum and ensure that Hilton's resistance is futile.
Answer:
Dealing With Hilton
Staunch Opposition of the Scrum Transition:
Ensure that well-tested steps are followed in transiting from Waterfall to Scrum. These steps include, planning for the right people, processes, support, and tools, ensuring employees are receiving the correct training on Agile and Scrum, engaging coaches who are well-versed in Agile and Scrum and their transition, and finally iterating the initial plan just like Scrum itself.
What Hilton requires is not more convincing and arguments on why Scrum is an agile framework for teamwork and project management. Instead, Hilton needs hard practical evidence. He should recruited to become a member of the team, if he is not, to ensure he gets first-hand experience about Scrum.
So, the best approach would be to accept his opinion and work from there to let him see that there is an improved difference that Scrum can bring to teamwork and project management. Beauty, they say, is in the eye of the beholder. Hilton may be a doubting Thomas like Thomas the Apostle, whose heavenly birthday Christians celebrate today. He actually needs to put his hands figuratively into the five wounds of Jesus, in order to be convinced.
Hilton should be involved in all aspects of the Scrum transition. He should be encouraged to research the Scrum framework to create better understanding. Moreover, the team leader should ensure that the framework is judiciously followed so that doubting Thomases could be convinced of the benefits. Some impactful passing fads remain with us for a longer time until a more improved "fad" emerges. This remains the truth with emerging technologies. What is important at this stage is to derive the best benefits from the Scrum framework and not to argue with Hilton whether it is a passing fad or not.
Explanation:
Scrum is an agile project framework for developing, delivering, and sustaining complex products. It was first used for software development. Now, it has been deployed in the fields of research, sales, marketing, and advanced technologies. It usually has teams of ten or fewer members, who break their work into goals that can be completed within timeboxed iterations, called sprints. The duration is about two weeks or one month. Daily meetings, called scrums, are held within 15 minutes. When the sprint ends, the team holds sprint reviews, to demonstrate the work done, and sprint retrospective to continuously improve.
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
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.
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.
Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below: Machine-hours Labor Costs Highest observation of cost driver 1,000 $32,000 Lowest observation of cost driver 200 $16,000 What is the constant for the estimated cost equation
Answer:
Fixed costs= $12,000
Variable cost per unit= $20
Explanation:
Giving the following information:
Machine-hours Labor Costs:
Highest observation of cost driver 1,000 $32,000
Lowest observation of cost driver 200 $16,000
To calculate the fixed costs under the high-low method, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (32,000 - 16,000) / (1,000 - 200)
Variable cost per unit= $20
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 32,000 - (20*1,000)
Fixed costs= $12,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 16,000 - (20*200)
Fixed costs= $12,000
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 4% stock, $140 par, and 67,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $75,000; second year, $159,000; third year, $190,300; fourth year, $205,130.
Requried:
Compute the dividends per share on each class of stock for each of the four years.
Answer:
Dividend per Share:
1st Year
Preferred dividend per share = $3.75
Common dividend per share = $0
2nd Year
Preferred dividend per share = $7.45
Common dividend per share = $0.149
3rd Year
Preferred dividend per share = $5.6
Common dividend per share = $1.169
4th Year
Preferred dividend per share = $5.6
Common dividend per share = $1.39
Explanation:
The cumulative preferred stock is the stock which accumulates or accrues dividends in case the dividends are not paid or partially paid in a particular year. These accumulated dividends or dividends in arrears are paid whenever the company declares dividends next time.
Preferred dividend per year = 20000 * 140 * 0.04 = $112000
1st year
Preferred dividend = 75000
Preferred dividend per share = 75000 / 20000 = $3.75 per share
Accumulated preferred dividends = 112000 - 75000 = $37000
Common dividend = 0
Common dividend per share = 0
2nd year
Preferred dividend = 37000 + 112000
Preferred dividend per share = 149000 / 20000 = $7.45 per share
Common dividend = 10000
Common dividend per share = 10000 / 67000 = $0.149 per share
3rd year
Preferred dividend = 112000
Preferred dividend per share = 112000 / 20000 = $5.6 per share
Common dividend = 78300
Common dividend per share = 78300 / 67000 = $1.169 per share
4th year
Preferred dividend = 112000
Preferred dividend per share = 112000 / 20000 = $5.6 per share
Common dividend = 93130
Common dividend per share = 93130 / 67000 = $1.39 per share
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.
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.
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
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
Debbie works as a floor representative at a cellular phone company. Her job is to receive information from potential customers about their needs and interests and enter it into a computer system that then passes the information on to the appropriate specialized technician in order to meet customer needs. Debbie is the metaphorical _____ of the firm.
The question is incomplete:
Debbie works as a floor representative at a cellular phone company. Her job is to receive information from potential customers about their needs and interests and enter it into a computer system that then passes the information on to the appropriate specialized technician in order to meet customer needs. Debbie is the metaphorical _____ of the firm.
A) axon
B) cell body
C) dendrite
D) nucleus
Answer:
C) dendrite
Explanation:
-Axon is a part of the neurons that takes the information to other neurons, glands and muscles.
-Cell body is a part of the neurons that contains the nucleus and connects to the dendrite and the axon.
-Dendrite is a part of the neurons that receives information from other cells and pass it to the cell body.
-Nucleus is a part of the cell that controls the activities of it.
According to this, the answer is that Debbie is the metaphorical dendrite of the firm because she receives the information and this information is passed to the appropiate technician to fulfill the customer needs and the dendrite receives the information and passes it to the nucleus that controls the functions.
. 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
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.
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
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.
Corrector guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately 5 % of sales. Assume that the Sierra dealer in Colorado Springs made sales totaling $ 800,000 during 2016. The company received cash for 30% of the sales and notes receivable for the remainder. Warranty payments totaled $12,000 during 2016.
Required:
a. Record the sales, warranty expense, and warranty payments for the company. Ignore cost of goods sold.
b. Post to the Estimated Warranty Payable T-account. At the end of 2014, how much in Estimated Warranty Payable does the company owe? Assume the Estimated Warranty Payable is SO on January 1, 2014.
Answer:
A.CORRECTOR JOURNAL ENTRIES
1.2016
Dr Cash 240,000
Dr Note receivable 560,000
Cr Sales Revenue 800,000
2. Record of the warranty expense.
2016
Dr Warranty Expense 40,000
Cr Estimated Warranty Payable 40,000
3.To Record the warranty payments for the company.
2016
Dr Estimated Warranty Payable 12,000
Cr Cash12,000
B . T-ACCOUNT
DEBIT SIDE
The Estimated Warranty Payable will be:
Dr Payments12,000
CREDIT SIDE
Beginning balance 0
Accrual 40,000
Ending balance 28,000
Explanation:
A. Preparation of the Record of the sales, warranty expense, and warranty payments for the company while Ignore cost of goods sold.
CORRECTOR JOURNAL ENTRIES
2016
Dr Cash 240,000
(30%× Sales amount $800,000)
Dr Notes Receivable 560,000
(800,000-240,000)
Cr Sales Revenue 800,000
(560,000+240,000)
To record sales for 2016
Record of the warranty expense.
2016
Dr Warranty Expense 40,000
(5%×800,000)
Cr Estimated Warranty Payable 40,000
To record the accrue warranty payable.
To Record the warranty payments for the company.
2016
Dr Estimated Warranty Payable12,000
Cr Cash12,000
To record Warranty payments.
B . T-ACCOUNT
DEBIT SIDE
The Estimated Warranty Payable will be:
Dr Payments12,000
CREDIT SIDE
Beginning balance 0
Accrual 40,000
Ending balance 28,000
(40,000-12,000)
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
8. Problems and Applications Q8 The city government is considering two tax proposals: • A lump-sum tax of $300 on each producer of hamburgers. • A tax of $1 per burger, paid by producers of hamburgers. Which of the following statements is true as a result of the lump-sum tax? Check all that apply. Average fixed cost will increase. Average variable cost will remain unchanged. Average total cost will increase. Marginal cost will increase. Which of the following statements is true as a result of the per-burger tax? Check all that apply. Average fixed cost will remain unchanged. Average total cost will increase. Average variable cost will increase. Marginal cost will remain unchanged.
Answer:
Which of the following statements is true as a result of the lump-sum tax?
Average fixed cost will increase.
Average total cost will increase.
The lump-sum tax of $300 is a one time payment that does not depend on the amount of output, for this reason, it is a fixed cost that is spread over the total quantity of burgers that are produced, and that also affect average total cost.
Which of the following statements is true as a result of the per-burger tax?
Average fixed cost will remain unchanged.
Average total cost will increase.
Average variable cost will increase.
The per-burger tax depends on the quanityt of burgers produced, therefore, it is another variable cost. It affects average total cost, and average variable cost, while average fixed cost remains unchaged precisely because it is not a fixed cost.
The average cost of production is computed by dividing the number cost (TC) by the output produced (TO) (Q). When we say "per unit cost of production," we mean that all fixed and variable costs are taken into account when calculating the average cost.
As a result, it's also known as Per Unit Total Cost.
The answers to the above questions are:
1) The $300 lump-sum tax is a one-time contribution that is not based on the amount of output; as a result, it is a fixed cost that is distributed across the total quantity of burgers produced, affecting the average total cost.
So, Option A and C are correct.
2) The per-burger tax is a variable expense that is determined by the number of burgers consumed. It has an effect on average total cost and average variable cost, but it has no effect on average fixed cost because it is not a fixed cost.
So, Option A, B, and C are correct.
Thus these Options are correct for the following question.
For more information about average cost refer to the link:
https://brainly.com/question/20743510
You find a zero coupon bond with a par value of $10,000 and 29 years to maturity. The yield to maturity on this bond is 5.1 percent. Assume semiannual compounding periods. What is the price of the bond
Answer:
The price of the bond is $2,321.30
Explanation:
In this question, we are concerned with calculating the price of the bond.
We can calculate this mathematically by using the formula below;
Price of bond = P ÷ (1 + r/n)^nt
where P = par value of coupon bond = 10,000
r is the interest rate = 5.1% = 5.1/100 = 0.051
n = number of times yield to maturity is compounded. Since it is semi-annually, it means it is twice per year and thus, n = 2
t is the number of years to maturity = 29 years
Plugging these values into the equation above, we have
Price of bond = 10,000 ÷ (1 + 0.051/2)^(2)(29)
Price of bond = 10,000 ÷ (1.0255)^58
Price of bond = $2,321.30
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.
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
Suppose a piece of plant equipment that PepsiCo put into service on January 1, 2014 at a total cost of $300,000 with an expected useful life of 5 years and a salvage value of $60,000 is sold on June 30, 2018 for $60,000. The accumulated depreciation is $216,000.What would the journal entry look like to record this sale?
Answer:
Preparation of how the journal entry will look like to record the sale
Dr Cash $60,000
Dr Accumulated Depreciation $216,000
Dr Gain/Loss on Disposal of Assets $24,000
Cr Property, Plant & Equipment $300,000
Explanation:
Since we assumed that a piece of plant equipment was put into service on January 1, 2014 at a cost of $300,000 with a salvage value of $60,000 which is been sold out on June 30, 2018 for $60,000 in which the accumulated depreciation was $216,000 this means we have to record the transaction by Debiting Cash with $60,000 ,Debiting Accumulated Depreciation with $216,000 and Debiting Gain/Loss on Disposal of Assets with $24,000 while we Credit Property, Plant & Equipment with $300,000
Calculation of Gain/Loss on Disposal of Assets
Using this formula
Carrying Value = Cost - Accumulated
Depreciation
The Carrying value will be :
300,000 - 216,000 = $84000
The asset loss on disposal of Assets will be:
60,000 - 84,000 = loss of 24000
A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining to maturity, and pays interest semi-annually. If the firm's tax rate is 35%, what is the after-tax cost of debt
Answer:
$54.17 per bond
Explanation:
the journal entry to record the issuance of the bond:
Dr Cash 1,100
Cr Bonds payable 1,000
Cr Premium on bonds payable 100
The bond premium amortization using straight line amortization:
$100 / 30 = $3.33 per coupon payment
journal entry to record coupon payment:
Dr Interest expense 41.67
Dr Premium on bonds payable 3.33
Cr Cash 45
the yearly interest expense = $41.67 x 2 = $83.34 x (1 - tax rate) = $83.34 x 0.65 = $54.17
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.
Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash dividends declared and paid during 2020 totaled $82,000. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $88,390 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.)
Answer:
Skysong Corporation
Statement of Retained Earnings
Retained earnings balance January 1, 2020 $691,300
Add:
Adjustments to 2019 Income Statement $88,390
Net profits 2020 $1,552,100
Less:
Dividends declared and distributed ($82,000)
Retained earnings balance December 31, 2020 $2,249,790
Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.
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
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
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 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.
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
____ 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.