Answer:
C) to determine the amount and/or percentage increase or decrease that has taken place.
Explanation:
Horizontal analysis can be regarded as an approach which is been used in analyzing financial statements through making comparism between specific financial information for a particular accounting period along with the information from other periods. This approach is been used by Analysts to make analysis of historical trends.
It should be noted that Horizontal analysis evaluates a series of financial statement data over a period of time to determine the amount and/or percentage increase or decrease that has taken place.
The total units to be accounted for is computed by adding beginning units in process to units transferred out. beginning units in process to units started into production. ending units in process to units started into production. ending units in process to total units accounted for.
Answer:
The Correct Answer is = Option 2:
Total units to be accounted for = “Beginning units in Process + Units started into production”
Explanation:
This is a multiple choice question and we are asked to choose the correct option out of it.
So,
The Correct Answer is = Option 2:
Total units to be accounted for = “Beginning units in Process + Units started into production”
Example:
Beginning units = 50000
Units Started = 90000
Total units to be accounted for = 140000
Units Completed = 44000
Ending Units = 96000
Total units to be accounted for = 140000
Malabad Cans expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6 percent. Its dividend payout is 30 percent of profit. How much external financing will the firm have to seek
Answer:
d. More than $5,000,000 of external financing is needed
Explanation:
Missing word "Assume there is no increase in liabilities other than that which will occur with the external financing. A) No external financing will be needed. B) Less than $1,000,000 of external financing is needed. C) Between $1,000,000 and $5,000,000 of external financing is needed. D) More than $5,000,000 of external financing is needed."
Change in assets = $8,000,000
Net profit = $50,000,000 * 6% = $3,000,000
Increase in liabilities = $0
External financing need = Change in Assets - Change in Current liabilities - Retained Earnings
External financing need = ($8,000,000 -- $0) - [$3,000,000*(1-30%)}
External financing need = $8,000,000 - $2,100,000
External financing need = $5,900,000
mô tả phong cách quản trị của tiến sĩ Nguyễn Thắng - TGĐ tập đoàn Herbalife
Answer:
what is this?
Explanation:
Herbalife?
Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $14,000. The estimated useful life was four years, and the residual value was $980. Assume that the estimated productive life of the machine was 9,300 hours. Actual annual usage was 3,720 hours in Year 1; 2,790 hours in Year 2; 1,860 hours in Year 3; and 930 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance.
Answer:
Organic Ice Cream Company, Inc.
Depreciation Schedules:
a. Straight-line.
Year Cost Depreciation Accumulated Net book Value
Depreciation
Year 1 $14,000 $3,255 $3,255 $10,745
Year 2 $14,000 $3,255 $6,510 $7,490
Year 3 $14,000 $3,255 $9,765 $4,235
Year 4 $14,000 $3,255 $13,020 $980
b. Units-of-production.
Year Cost Depreciation Accumulated Net book Value
Depreciation
Year 1 $14,000 $5,208 $5,208 $8,792
Year 2 $14,000 $3,906 $9,114 $4,886
Year 3 $14,000 $2,604 $11,718 $2,282
Year 4 $14,000 $1,302 $13,020 $980
c. Double-declining-balance.
Year Cost Depreciation Accumulated Net book Value
Depreciation
Year 1 $14,000 $7,000 $7,000 $7,000
Year 2 $14,000 $3,500 $10,500 $3,500
Year 3 $14,000 $1,750 $12,250 $1,750
Year 4 $14,000 $770 $13,020 $980
Explanation:
a) Data and Calculations:
Cost of new ice cream production kit = $14,000
Residual value = $980
Depreciable value = $13,020
Estimated useful life = 4 years
Annual depreciation expense under straight-line method = $3,255 ($13,020/4)
Estimated productive life of the machine = 9,300 hours
Units-of-productive hours depreciation method per hour = $1.40 ($13,020/9,300)
Year 1 3,720 hours * $1.40 = $5,208
Year 2 2,790 hours * $1.40 = $3,906
Year 3 1,860 hours * $1.40 = $2,604
Year 4 930 hours* $1.40 = $1,302
Double-declining-balance method:
Depreciation rate = 100/4 * 2 = 50%
Year 1 = $14,000 * 50% = $7,000
Year 2 = $7,000 * 50% = $3,500
Year 3 = $3,500 * 50% = $1,750
Year 4 = $770 ($1,750 - $980)
To bring an action based on breach of warranty, a buyer or lessee has a certain limited period of time from the date of delivery to file suit. a. True b. False
Answer:
True
Explanation:
Upon breach of warranty, the seller has the right to resolve the breach within a certain period. If the breach cannot be resolved, the buyer may claim for damages subject to the limitations agreed in the sale and purchase agreement
If a bank provides overdraft protection at a rate of 12% for each $100 (or portion of $100) borrowed when an overdraft occurs, what amount of interest would a customer pay for a $188 overdraft
Answer:
The amount of interest a customer would pay for a $188 overdraft is $20.80.
Explanation:
Amount of interest on $100 = Overdraft protection rate *$100 = 12% * $100 = $12
Total overdraft = $188
Excess over $100 = Total overdraft - $100 = $188 - $100 = $88
Excess over $100 as a portion of $100 = 88 portion of 100 = (88 / 100) * 100 = $8.8 (Note: This has to be stated in dollar not in percentage.)
Total interest amount = Amount of interest on $100 + Excess over $100 as a portion of $100 = $12 + $8.80 = $20.80
Therefore, the amount of interest a customer would pay for a $188 overdraft is $20.80.
Waterway Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,992,000 on March 1, $1,272,000 on June 1, and $3,020,740 on December 31. Waterway Company borrowed $1,012,250 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 9%, 5-year, $2,458,400 note payable and an 10%, 4-year, $3,504,400 note payable. Compute the weighted-average interest rate used for interest capitalization purposes.
Answer:
9.59%
Explanation:
The computation of the weighted-average interest rate used for interest capitalization purposes is shown below:
Particulars Amount Interest
9%, 5-year note payable $2,458,400 $221,256
10%, 4-year note payable $3,504,400 $350,440
Total $5,962,800 $571,696
So, Weighted-average interest rate is
= $571,696 ÷ $5,962,800
= 9.59%
The production and operations manager at a large shoe factory in Fall River, Massachusetts, notices that the total number of hours worked by production employees has increased 12 percent, while the number of pairs of shoes ready for shipping has dropped 6 percent this year over last year. This means:__________.A) the inflation rate is unchanged. B) the demand for shoes is decreasing. C) the manager's calculations cannot be correct. D) productivity has decreased. E) the gross national product has increased by 6 percent.
Answer:
The answer is D
Explanation:
The correct option is D. - productivity has decreased. Productivity is the quality of being able to produce goods and services. It is a measure of efficiency in production.
Since the number of hours worked by employees increased while while the number of shoes ready for shipping (production) dropped, this means that the efficiency has dropped.
Option A is wrong because there is no where that tells us that the price of inputs has increased.
A lessor with a sales-type lease involving an unguaranteed residual value at the end of the lease term will report sales revenue in the period of inception of the lease at which of the following amounts?A. the sales price less the present value of the residual valueB. the present value of the minimum lease payments plus the present value of the unguaranteed residual valueC. the minimum lease payments plus the unguaranteed residual valueD. the cost of the asset to the lessor, less the present value of any unguaranteed residual value
Answer: A. the sales price less the present value of the residual value
Explanation:
Sales revenue is calculated as the selling price less the cost of the commodity being sold. In this case the cost will be the value of the asset. The sales revenue will therefore be the selling price less the value of the asset when it is to be sold so the relevant value is the residual value.
Even though the residual value is unguaranteed, the current estimate will be treated as the value to be deducted from the selling price. The difference is what will be reported as sales revenue.
XYZ manufactures dolls in two departments, Molding and Assembly. In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted-average process cost system to collect costs in both departments. On January 1, the Molding Department had 32,000 dolls in process. These dolls were 0% complete with respect to direct materials and 30% complete with respect to conversion cost. During January, Molding completed 600,000 dolls. On January 31, Molding had 50,000 dolls in work in process. These dolls were 0% complete with respect to direct materials and 40% complete with respect to conversion cost. How many dolls were started in the Molding Department during January
Answer:
XYZ Manufacturing Company
The units of dolls started in the Molding Department during January is:
= 618,000.
Explanation:
a) Data and Calculations:
Units Materials Conversion
Beginning work in process = 32,000 dolls 0% 30%
Completed in January 600,000 dolls 100% 100%
Ending work in process 50,000 dolls 0% 40%
Units started during January 618,000 dolls
= Dolls completed in January Plus Ending work in process Minus Beginning work in process
= 618,000 (600,000 + 50,000 - 32,000)
Michel Company owns 75% of the outstanding common stock of Aber Corp. On its current consolidated income statement, Michel Company should report:
Answer:
Michel Company
On its current consolidated income statement, Michel Company should report:
the consolidated revenue and expenses of Michel Company and Aber Corp.
Explanation:
There is a 25% (100% - 75%) share for non-controlling or minority interest in the net income or loss of the Aber Corp. With this, readers of the financial statements of the parent company, Michel Company, are well-informed that only 75% of the net income or loss from the Aber Corp. actually belongs to the stockholders of Michel Company.
In ____ price discrimination, the monopolist charges each consumer the highest price that purchaser is willing to pay for each unit purchased
Answer:
Perfect price discrimination
Explanation:
Perfect price discrimination or first degree discrimination is defined as one in which the maximum price possible is charged for each unit of product sold to the customer.
This is aimed at capturing all consumer surplus for the monopoly.
This can occur for example in cases where the zip code of clients is located in an area where wealthy people reside.
The monopolist can charge the highest possible price based on the location.
Presented below are incomplete manufacturing cost data.
Determine the missing amounts for three different situations.
Direct Materials Used Direct Labor Used Factory Overhead Total Manufacturing Costs
(1) $42,700 $64,200 $52,500 $enter a dollar amount
(2) $enter a dollar amount $78,100 $144,000 $298,000
(3) $57,400 $enter a dollar amount $113,000 $314,000
Answer and Explanation:
The computation of the missing amount is as follows:
As we know that
The total manufacturing cost = Direct Materials Used + Direct Labor Used + Factory Overhead
So,
(1)
= $42,700 + $64,200 + $52500
= $159,400
(2)
= $298,000 - $78,100 - $144,000
= $75,900
(3)
= $314,000 - $57,400 - $113,000
= $143,600
I’m taking care of a child for 10 hours what is a fair price to charge ? Lemme know lol
Phil Morris holds an executive position at The Martin Group. Phil has improved the quality of the data gathered by the organization and has also created a model to decrease the cost of managing data while increasing the value of the data gathered. Based on this description, what position does Phil hold at The Martin Group
Answer:
chief data officer (CDO)
Explanation:
A chief data officer is a person in an organisation that uses information as an asset through various practices like analysis, data processing, data mining, or information trading.
He is responsible for data governance within an organisation.
Valuable insights that will be profitable to the organisation are made by the Chief Data Officer.
In the given instance Phil has improved the quality of the data gathered by the organization and has also created a model to decrease the cost of managing data while increasing the value of the data gathered.
Describe the reason that accrued expenses often require adjusting entries but not in every situation. g
Answer:
Following are the solution to the given question:
Explanation:
Accrued Expenses:
The expenses accumulated were costs pending only at the conclusion of the financial day to be paid. Your financial reports would be made around an accrual basis, meaning the revenue would be booked appropriately without receiving the money. Likewise, the costs incurred during the existing fiscal year will be booked irrespective of if they're not paid.
Usually, know that such a cost is incurred only at end of the fiscal year until we have been paid.
When at the conclusion of a fiscal year we won't receive this bill, therefore the costs will have to be modified directly. In case the payment is not received.
A stock is currently selling for $67 per share. A call option with an exercise price of $70 sells for $3.21 and expires in three months. If the riskfree rate of interest is 2.6 percent per year, compounded continuously, what is the price of a put option with the same exercise price
Answer:
$5.76
Explanation:
Calculation to determine the price of a put option with the same exercise price
We would be Using put-call parity and solving for the put price
$67 + P = $70e^–(.026)(3/12)+ $3.21
$67 + P = $70e^–(.026)(.25)+ $3.21
$67 + P =190.2797^–(0.0065)+ $3.21
$67 + P =$69.5465+ $3.21
$67 + P =$72.7565
P=$72.7565-$67
P=$5.7565
P=$5.76 (Approximately)
Therefore the price of a put option with the same exercise price will be $5.76
The Income Statement columns in the end-of-period spreadsheet show that debits are equal to $29,264 and credits are $63,411. What does this information mean to the accountant
Answer:
Net income of $34,147
Explanation:
Given that
the debits are $29,264
And, the credits are $63,411
We need to find out from the above information that what means to the accountant
As we know that the expenses comes in debit side and the revenues comes in credit side
So here revenue is more than the expenses
SO, there is the net income of
= $63,411 - $29,264
= $34,147
On January 1, 2012, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2012: (Chart) Kaltop earned net income for 2012 of $126,000 and paid dividends of $48,000 during the year. In Cale's accounting records, what amount would appear on December 31, 2012 for equity in subsidiary earnings
Answer:
The correct option is D) $127,000.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
On January 1, 2012, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2012:
Book Value Fair Value
Current assets $120,000 $120,000
Land 72,000 192,000
Building (20yr life) 240,000 268,000
Equipment (10yr life) 540,000 516,000
Current Liabilities 24,000 24,000
Long-term Liabilities 120,000 120,000
Common Stock 228,000
Additional Paid-in Capital 384,000
Retained Earnings 216,000
Kaltop earned net income for 2012 of $126,000 and paid dividends of $48,000 during the year.
In Cale's accounting records, what amount would appear on December 31, 2012 for equity in subsidiary earnings?
A) $ 77,000.
B) $ 79,000.
C) $125,000.
D) $127,000.
E) $ 81,800.
The explanation of the answer is now provided as follows:
Total amortization of allocations for 2012 = ((Building fair value – Building book value) / 20 year) + ((Equipment fair value - Equipment book value) / 10 years) = (($268,000 - $240,000) / 20) + (($516,000 - $540,000) / 10) = -$1,000
Amount for equity in subsidiary earnings on December 31, 2012 = Kaltop earned net income for 2012 - Total amortization of allocations for 2012 = $126,000 - (-$1,000) = $126,000 + $1,000 = $127,000
The amount that would appear on December 31, 2012 for equity in subsidiary earnings is $127,000. Therefore, the correct option is D) $127,000.
"In 2012, Canadian farmers did not suffer from drought conditions that affected the United States, but they did enjoy the higher corn prices. Canadian farmers reacted to the higher price by planting more corn. Suppose that the price of corn increased by 30 percent and the Canadian farmers increased the quantity of corn they supply by 20 percent. The supply of corn is"
Answer: D) inelastic.
Explanation:
To find out the elasticity of the supply of corn, use the Price Elasticity of Supply (PES) formula. The price elasticity of supply shows how much quaintly supplied would change by if there was a change in price.
Price elasticity of supply = Change in quantity supplied / Change in price
= 20% / 30%
= 0.66
When the Price elasticity of supply is less than one, the supply is said to be inelastic. The PES here is less than 1 so corn is inelastic.
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning Inventory 1,000 $ 7.20 Mar. 10 Purchase 600 7.25 Mar. 16 Purchase 800 7.30 Mar. 23 Purchase 600 7.35 ________________________________________ Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be:
Answer:
$16,660
Explanation:
FIFO method assumes that the units to arrive first will be sold first. Hence the valuation of cost of goods sold is based on earlier prices.
Cost of goods sold = 1,000 x $ 7.20 + 600 x 7.25 + 700 x 7.30
= $16,660
Therefore,
Cost of goods sold assuming FIFO would be: $16,660.
Which of the following statements about money that is correct? A. Money is a completely stable store of value. B. Credit cards and debit cards are examples of money. C. Inflation brings a rising value of money. D. Money acts as a unit of account comma which is an agreed measure for stating the prices of goods and services.
Answer:
i would say the answer is D. because all the other answers are not totally right.
The statement about money that is correct is D. Money acts as a unit of account comma which is an agreed measure for stating the prices of goods and services.
What is money?
Money serves as a means of exchange for goods and services in economics term.
It is a way to express the value of goods and services and it serves as agreed measure for stating the prices of goods and services.
Learn more about money at;
https://brainly.com/question/329739
Adjusting and paying accrued wages LO P1
Pablo Management has five part-time employees, each of whom earns $90 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day. (January 1) was an unpaid holiday.
1. Prepare the year-end adjusting entry for wages expenses.
2. Prepare the journal entry to record payment of the employees' wages on Friday, January 4, 2018.
Answer:
1. Dr Wages expense $450
Cr Wages payable $450
2.Dr Wages expense $1350
Dr Wages payable $450
Cr Cash $1800
Explanation:
1. Preparation of the year-end adjusting entry for wages expenses.
Dec 31
Dr Wages expense $450
Cr Wages payable $450
( 5 employees * $90 per day)
(To record wages expenses)
2. Preparation of the journal entry to record payment of the employees' wages on Friday, January 4, 2018
Jan 4
Dr Wages expense $1350
(3 days*5 employees*$90=$1350)
Dr Wages payable $450
(5 employees * $90 per day)
Cr Cash $1800
($1350+$450 =$1800)
(To record payment of the employees' wages)
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $2,000. For each of the next 5 years, he expects his salary to increase at an 4% annual rate, and he plans to increase his savings at the same 4% rate. There will be a total of 6 investments, the initial $2,000 plus five more. If the investments earn a return of 15% per year, how much will Mark have at the end of six years
Answer:
Mark will have $19,878.70 at the end of six years
Explanation:
Use the following formula to calculate the present value of cash flows
PV = [tex]A [\frac{1 - (\frac{1+g}{1+r})^n }{r - g} ][/tex]
Where
A = Investment = $2,000
g = growth rate = 4%
r = 15%
n = 6
Placing values in the formula
PV = [tex]2,000 [\frac{1 - (\frac{1+0.06}{1+0.15})^6 }{0.15 - 0.06} ][/tex]
PV = $8,594.11
Now calculate the future value in order to determine the amount Mark will have at the ned of six years
Future value = [tex]PV ( 1 + r )^n[/tex]
Where
PV = $8,594.11
r = 15%
n = 6
Placing values in the formula
Future value = [tex]8,594.11 ( 1 + 0.15 )^6[/tex]
Future value = $19,878.70
Any help 70 points
What would happen to the supply of pizza if more businesses enter the pizza market?
Answer:
increase
Explanation:
ofc since the more pizze businnesses make pizza, the more pizza will be made and sold
Answer:
○increase
Explanation:
of pizza supplies more if more businesses enter the pizza market then the market will have to increase their supplies and staffs.
Write the president (me) a memo explaining your reasoning and suggest a new pricing strategy. (You can decide what kind of business we’re in)
Answer:
To: President
From: General Manager Finance
Subject : Pricing strategy for existing products
Date : 20th June 2021
As you are aware about the declining sales of our various products. The main reason identified by our sales and marketing analysts for the declining sales is over pricing of various products. There have been increase competition in the market and new entrants have adopted strategy of economies of scale which enable them to sell the product at low price and gain market share. There we need to cut our costs and then reduce our profit margin to boost sales of our products. We can be profitable from volume sales strategy.
If you need to discuss further on this matter, we can arrange a meeting with head of different department to discuss the business strategy in more detail.
Sales revenue received in cash is entered by:________ a. debiting Cash and crediting Sales Revenue. b. debiting Cash and crediting Accounts Payable. c. debiting Sales Revenue and crediting Cash. d. debiting Accounts Payable and crediting Cash.
Answer:
a. debiting Cash and crediting Sales Revenue.
Explanation:
Double entry system of accounting requires posting of two legs for every transaction. That is the debit and credit legs.
Asset and expense accounts increase by debitting their balance while revenue accounts increase through credit.
When sales revenue is received as cash there is an increase in cash (an asset) and an increase in sales revenue too (a revenue account).
So we will debit cash to indicate an increase and credit sales revenue to indicate an increase in revenue
Calaveras Tire exchanged equipment for two pickup trucks. The book value and fair value of the equipment given up were $20,000 (original cost of $65,000 less accumulated depreciation of $45,000) and $17,000, respectively. Assume Calaveras paid $8,000 in cash and the exchange has commercial substance.
Required:
a. At what amount will Calaveras value the pickup trucks?
b. How much gain or loss will the company recognize on the exchange?
Answer: B i just got a felling.
Explanation:
X Corporation is considering buying a new $9,000 machine. The projected annual after-tax net income from the machine is $500, after deducting $3,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of 3 years and no salvage value. X considers 12% return on an investment satisfactory. Periods 12% Present Value of $1 12% Present value of an annuity of $1 1 0.8929 0.8929 2 0.7972 1.6901 3 0.7117 2.4018 What is the net present value (NPV) of the machine investment? A. $ (7,799) B. $ (594) C. 1,201 D. $ 8,406 E. $ 9,000
Answer:
b
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow = net income + depreciation
$500 + $3000 = $3500
Cash flow in year 0 = -9000
Cash flow in year 1 to 3 = 3500
I = 12%
npv = -594
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Widgets, Inc. is beginning to export its products to Taiwan, but it isn't sure if it needs a license to do so. The responsibility of determining if a license is required rests with the Taiwanese company that is purchasing the products.
a. True
b. False
Answer:
b. False
Explanation:
This statement is False. The products and the decision to move them to a foreign country is Widget's Inc. Therefore, the responsibility of making sure all of the paperwork is in order for exporting that product to each specific country is Widget Inc's and no one else's. They are the ones that need to make sure that they are legally allowed to bring their product into a country and make sure that it is not considered contraband and that all the paperwork is obtained including licenses.