Answer:
b. Financial scandals and corporate fraud.b. By legally requiring companies to certify the truth of their statements to investors.d. The cost and difficulties of compliance.Explanation:
After the U.S. was rocked by the financial scandals and corporate fraud of companies like Enron and WorldCom, the U.S. Congress enacted the Sarbanes-Oxley Act to mitigate the risk of such ever occurring again.
The Act involves making the management personally liable for the accuracy of the statements by legally requiring companies to certify the truth in their statements to their investors.
While this seems easy enough, it requires a lot of information gathering which has left companies paying millions to comply.
There are 3 term securities available with the following series of 1-year interest rates:Security A:5%, 4%, 3%, 3%, 4%Security B:4%, 2%, 3%, 5%, 6%Security C:5%, 3%, 3%, 4%, 5%Assume the expectations theory (without uncertainty) of the term structure is correct:(a)Calculate the term structure interest rates for maturities of 1 to 5 years, for all 3 securities.(b)Draw the yield curves for the 3 term securities of length 1 to 5 years.(c)Which security, if you must choose 1, will you buy if you plan to have it mature in 3 years
Answer:
Hello attached below is a detailed solution to your question
A) attached below
B) attached below
C) Security A
Explanation:
A) calculate the term structure interest rates for maturities of 1 to 5 years for all 3 securities
we will use expectation hypothesis ;
B) Draw the yield curves for the 3 term securities of length 1 to 5 years
- (1+ yield(t))= ( 1 + rate(1) )* ......
C) The security to choose if you plan to have it mature in 3 years is SECURITY A this is because it has maximum yield
Variable Costs + Fixed Costs = ?
Total output
Total costs
Marginal costs
Fickel Company has two manufacturing departments Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $28.00 per direct labor-hour and $24.00 per direct labor-hour, respectively. The company's direct labor wage rate is $30.00 per hour. The following information pertains to Job N-60:
Assembly Testing & Packaging
Direct materials $420 $57
Direct labor $375 $105
Required:
1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.)
2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
Results are below.
Explanation:
First, we need to allocate overhead to Job N-60:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Direct labor hours:
Assembly= 375/30= 12.5
Testing & Packaging= 105/30= 3.5
Overhead:
Assembly= 12.5*28= $350
Testing & Packaging= 3.5*24= $84
Total= $434
Now, the total manufacturing cost:
Total cost= (420 + 57) + (375 + 105) + 434
Total cost= $1,391
Finally, the unitary cost:
Unitary cost= 1,391/10
Unitary cost= $139.1
Applying the research findings to a marketing strategy plan is the ______ step in the marketing research process. Multiple choice question.
Answer:
Fifth.
Explanation:
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Secondary market research can be defined as a method designed to determine the demographics of a particular target market.
Applying the research findings to a marketing strategy plan is the fifth step in the marketing research process.
At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $47,880. During the year, the company repaid a long-term loan in the amount of $14,205. The company paid $5,650 in interest during the year, and opened a new long-term loan for $12,450. How much is the ending long-term debt account on the company's balance sheet
Answer:
Shinedown, Corp.
The ending long-term debt account on the company's balance sheet is:
= $46,125
Explanation:
a) Data and Calculations:
Interest expense for the year = $5,650
Beginning long-term debt balance = $47,880
Repayment of a long-term loan (14,205)
New long-term loan 12,450
Ending long-term debt balance = $46,125
b) This means that the long-term debt was reduced by a small difference from $47,880 to $46,125 because of the repayment of a loan and the addition of a new loan to the debt portfolio. Adding and subtracting the new loan and the old repayment give the balance at the end of the year as $46,125.
upola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. Required:
Answer:
See the journal entries below.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.
Required: Prepare the journal entries to record the (a) issuance of the bonds, (b)the payment of interest and (c) amortization of debt issue costs on December 31, 2021 & June 30, 2022, and the (d) call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The explanation of the answer in now given as follows:
(a) issuance of the bonds
The journal entries will look as follows:
Date Accounts Title $ Explan. Debit ($) Credit ($)
30 Jun. ’21 Cash (w.1) 383,500
Bonds Payable 383,500
(To record the issuance of Bonds.)
(b)the payment of interest
The journal entries will look as follows:
Date Accounts Title $ Explan. Debit ($) Credit ($)
31 Dec. ’21 Interest Expense 20,825
Bonds Payable (w.5) 825
Cash (w.2) 20,000
(To record the Interest Expense.)
30 Jun. ’22 Interest Expense 20,825
Bonds Payable (w.5) 825
Cash (w.2) 20,000
(To record the Interest Expense.)
(d) call of the bonds
The journal entries will look as follows:
Date Accounts Title $ Explan. Debit ($) Credit ($)
01 Jul. ’22 Bonds Payable (w.1) 385,150
Loss on Bonds retired (w.7) 9,850
Cash $395,000
(To record the bonds retired early.)
Workings:
w.1: Cash received = Bonds Payable = Amount the bond is issued - Debt issue costs = $385,000 - $1,500 = $383,500
w.2: Interest Expense= Bond face value * Bond rate * (Number of months in semiannual / Number of months in a year) = $400,000 * 10% * (6/12) = $20,000
w.3: Total cost on Bonds Payable issued = (Bond face value - Amount the bond is issued) + Debt issue costs = ($400,000 - $385,000) + $1,500 = $15,000 + $1,500 = $16,500
W.4: Annual cost amortization = Total cost on Bonds Payable issued * Bond rate =$16,500 * 10% = $1,650
w.5: Semiannual cost amortization = Annual cost amortization * (Number of months in semiannual / Number of months in a year) = $1,650 * (6/12) = $825
w.6: Total amount Payable on Bonds = Cash received from w.1 + Semiannual cost amortization on 31 December 2021 + + Semiannual cost amortization on 30 June 2022 = $383,500 + $825 + $825 = $385,150
w.7: Loss on retirement of Bonds = Amount the bond is retired - Total Amount Payable on Bonds = $395,000 - $385,150 = $9,850
Simon and his managers are discussing the unemployment, inflation, and interest-rate trends that might affect their chain of sandwich shops over the next 12 months and the projected growth in the areas where the stores are located. The managers are studying the ______ forces in their organization's general environment.
-self motivation
- personal adapitlity
-openness to change
-resilience
Answer:
Option D
Explanation:
Simon and his managers are discussing about the factors that might affect the economic performance of their shops. They are concerned about the negative impacts of unemployment, inflation, and interest-rate trends on their shops and simultaneously are discussing about the future growth, Hence, they are focused on catering the odds to achieve a certain growth during the tough times. Their discussion is aimed at both the risks and consequences
Hence, option D is correct
Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During the year, the company actually incurred manufacturing overhead costs of $582,000 and 135,000 direct labor hours were worked. The company estimated that it would incur $525,000 of manufacturing overhead during the year and that 150,000 direct labor hours would be worked.
By how much was manufacturing overhead overallocated or underallocated for the year?
Answer:
Underapplied overhead= $109,500
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 525,000 / 150,000
Predetermined manufacturing overhead rate= $3.5 per direct labor hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 3.5*135,000
Allocated MOH= $472,500
Finally, the under/over applied overhead:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 582,000 - 472,500
Underapplied overhead= $109,500
DiSalvio Co. uses a job order cost system. The following data summarize the operations related to production for May:a. Materials purchased on account, $634,000.b. Materials requisitioned, $646,200, of which $74,500 was for general factory use.c. Factory labor used, $660,200, of which $91,200 was indirect.d. Other costs incurred on account for factory overhead, $147,500; selling expenses, $234,000; and administrative expenses, $146,400.e. Prepaid expenses expired for factory overhead were $29,200; for selling expenses, $26,800; and for administrative expenses, $18,000.f. Depreciation of office building was $84,600; of office equipment, $43,340; and of fac-tory equipment, $32,000.g. Factory overhead costs applied to jobs, $362,000.h. Jobs completed, $1,002,000.i. Cost of goods sold, $890,000.InstructionsJournalize the entries to record the summarized operations.SHOWME HOWGeneral Ledger Chapter 2 Job Order Costing 69Ex 2-18PR
Answer:
Date Account Description Debit Credit
May 1 Material inventory $634,000
Accounts Payable $634,000
Date Account Description Debit Credit
May 2 Work in Process (646,200 - 74,500) $571,700
Factory Overhead $74,500
Materials $646,200
Date Account Description Debit Credit
May 31 Work in Process (660,200 - 91,200) $569,000
Factory Overhead $91,200
Materials $660,200
Date Account Description Debit Credit
May 31 Factory Overhead $147,500
Selling expenses $234,000
Admin expenses $146,400
Accounts payable $527,900
Date Account Description Debit Credit
May 31 Factory Overhead $29,200
Selling expenses $26,800
Admin expenses $18,000
Prepaid expenses $74,000
Date Account Description Debit Credit
May 31 Depreciation expense - Office building $84,600
Depreciation expense - Office equipment $43,340
Factory Overhead $32,000
Accumulated depreciation $159,940
Date Account Description Debit Credit
May 31 Work in Process $362,000
Factory Overhead $362,000
Date Account Description Debit Credit
May 31 Finished Goods $1,002,000
Work in Process $1,002,000
Date Account Description Debit Credit
May 31 Cost of goods sold $890,000
Finished Goods $890,000
OHARA COMPANY
Income Statement
For the Year Ended December 31, 2017
Net sales $2,218,500
Cost of goods sold 1,012,400
Selling and administrative expenses 906,000
Interest expense 78,000
Income tax expense 69,000
Net income $ 153,100
OHARA COMPANY
Balance Sheet
December 31, 2017
Assets
Current assets
Cash $ 60,100
Debt investments 84,000
Accounts receivable (net) 169,800
Inventory 145,000
Total current assets 458,900
Plant assets (net) 575,300
Total assets $ 1,034,200
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable $ 160,000
Income taxes payable 35,500
Total current liabilities 195,500
Bonds payable 200,000
Total liabilities 395,500
Stockholders’ equity
Common stock 350,000
Retained earnings 288,700
Total stockholders’ equity 638,700
Total liabilities and stockholders’ equity
$1,034,200
Additional information: The net cash provided by operating activities for 2017 was $190,800. The cash used for capital expenditures was $92,000. The cash used for dividends was $31,000. The weighted-average number of shares outstanding during the year was 50,000.
(i) Working capital. (2016: $160,500; 2017: $263,400)
(ii) Current ratio. (2016: 1.65:1; 2017: 2.35:1)
(iii) Free cash flow. (2016: $48,700; 2017: 67,800)
(iv) Debt to assets ratio. (2016: 31%; 2017: 38.2%)
(v) Earnings per share. (2016: $3.15; 2017: $3.06)
Answer:
Explanation:
From the given information, the ratio analysis for the year 2017 at OHARA Company can be computed as follows:
1. Working capital = Current (assets - liabilities)
Working capital = $458900 - $195500
Working capital = $263,400 (for 2017)
Given that the working capital for 2016 = $160,500
Thus, the % increase of 2017 over 2016 = 64.11% increase.
2. Current ratio = Current assets / Current liabilities
Current ratio = 458,900/195,500
Current ratio = 2.35 (for 2017)
Given that the Current ratio for 2016 = 1.65
Thus, the % increase of 2017 over 2016 = 42.43% increase
3. Free cash flows = Operating cash flows - Capital expenditure - dividends
Free cash flows = $190800 - $92000 - $31000
Free cash flows = $67,800
Given that the free cash flow for 2016 = $48,700
Thus, the % increase of 2017 over 2016 = 39.22%
4.
[tex]Debt to assets ratio = \dfrac{Total \ debt} { total \ assets}[/tex]
Debt to assets ratio = 395,500/10,34,200
Debt to assets ratio = 38.24%
Given that the debt to assets ratio for 2016 = 31%
Thus, the % increase of 2017 over 2016 = 23.35%
5.
Earnings per share = [tex]\dfrac{earnings \ available \ to \ equity \ shares}{weighted \ a verage \ equity \ shares}[/tex]
Earnings per share = [tex]\dfrac{153100}{50000}[/tex]
Earnings per share = $3.06
Given that the earnings per share = $3.15
Thus, the % decrease of 2017 over 2016 = 2.86%
If the adjustment for Supplies used during the period wasn't made,
A. revenue would be too high.
B. assets would be too low.
C. expenses would be too low.
D. expenses would be too high,
Answer:
D
Explanation:
It will give the suppliers an upper hand or edge over the consumers
Answer: think its expenses would be to low
Explanation:
. If you still donate the $100,000 from Problem 16 today, but ask the college to delay the scholarship payment so that the first scholarship payment is made 10 years from today, then how large will the annual payment be
Answer:
The annual scholarship payment = $5,693.25
Explanation:
Data Given:
In this question, we are required to calculate the future value up till 9th year and then
Donating Amount = $100,000
Time period = 9 years
Note: Here in this question, interest rate is not given without which this question is incomplete. However, I have found similar question on the internet and will be using its interest rate to solve this question for the sake of understanding and concept.
So, the interest we use will be = 4%
Formula for the future value:
FV = Present Value [tex](1 + r)^{n}[/tex]
Present value = $100,000
n = 9 years
r = 4% = 0.04
FV = 100,000 [tex](1 + 0.04)^{9}[/tex]
FV = 100,000 x 1.4233118
FV = Future Value = $142,331.18
The annual scholarship payment = FV * r
The annual scholarship payment = 142,331.18 * 0.04
The annual scholarship payment = 5,693.247
The annual scholarship payment = $5,693.25
what is brain drain?
Answer:
its someone who is really smart or very intelligent
Explanation:
Purpose: Organization design refers to the overall set of elements used to configure an organization. The purpose of this exercise is to give you insights into how managers must make decisions within the context of creating an organization design. Introduction: Whenever a new enterprise is started, the owner must make decisions about how to structure the organization. For example, he or she must decide what functions are required, how those functions will be broken down into individual jobs, how those jobs will be grouped back together into logical departments, and how authority and responsibility will be allocated across positions. Instructions: Assume that you have decided to open a handmade chocolate business in your local community. Your products will be traditional bars and novelty-shaped chocolates, truffles, other chocolate products such as ice cream, and gift baskets and boxes featuring chocolates. You have hired a talented chef and believe that her expertise, coupled with your unique designs and high-quality ingredients, will make your products very popular. You have also inherited enough money to get your business up and running and to cover about one year of living expenses in other words, you do not need to pay yourself a salary). You intend to buy food items including chocolate, cocoa, white chocolate, nuts, and fruit from suppliers who deliver to your area. Your chef will then turn those ingredients into luscious
Answer:
hmm I know with that is the silver kind to you and
Why did Steve and Vic focused on smaller cities rather than Silicon Valley
Answer:
focusing on smaller cities rather than areas like silicon valley a good strategy, why? Larger cities have a lot more competition and a great way to help others in smaller cities with money and jobs. They can have their businesses all over the world and be able to give success to everyone.
Explanation:
there is your answer
Please check if my answers to first part is correct.
Discussion Question 4-6 (LO. 1)
1. Complete the statements below regarding "what is the control requirement of § 351".
The control requirement specifies that the person or persons transferring property to the corporation must own, immediately after the transfer, stock possessing at least 80% of the total combined voting power of all classes of stock entitled to vote, and at least 75% of the total number of shares of all other classes of the corporation's stock.
2. Classify the following as either "True" or "False" regarding the control requirement of § 351.
a. If a shareholder renders only services to the corporation for stock, the transfer cannot qualify under § 351 because services rendered are not "property."
b. If a shareholder renders services and transfers property to the corporation for stock, the shareholder will never be treated as a member of the transferring group.
c. Stock under momentary control counts in determining control if the plan for the sale or other disposition of the stock existed before the exchange.
d. If a long period of time elapses between the transfers of property by different shareholders to the corporation, the control requirement may be lost regarding the later transfers because no documentation exists making multiple transfers part of an integrated plan.
Answer:
1. Correct
after, 80%, 75%
2. a. True
b. False
c. False
d. False
Explanation:
When shareholder renders services and transfers property to the corporation the shareholder is treated as member of transferring group. Stocks under momentary control does not count in determining control. The long period elapses between transfer of property, the control requirement may be lost because there is no transferring group.
1
Select the correct answer.
Which job is an entry-level position?
OA.
auditor
OB. marketing manager
OC.
restaurant manager
OD
room attendant
Reset
Next
Answer:
Option D: Room attendant
Explanation:
Its the only entry level jobs, as listed above b and c are managment positions which means you have to have experience. Auditors are appointed by a company to execute an audit you need to be certified by the regulatory authority of accounting and auditing or process certain specified qualifications.
Duffy-Deno (2003) estimated that the demand function for broadband service was Qs = 15.6p−0.563 for small firms and Ql = 16.0p−0.296 for larger ones. These two demand functions cross. What can you say about the elasticities of demand on the two demand curves at the point where they cross? What can you say about the elasticities of demand more generally (at other prices)? (Hint: The question about the crossing point may be a red herring. Explain why.)
Answer:
At point of intersection ; p = $0.90 The elasticities of the demand functions remain the same because they are independent functions during the entire demand curveExplanation:
First we Determine the elasticity of demand for both Large firm and smaller firms
For Larger firms
∈1 = -0.296
For smaller firms
∈s = -0.563
At the point of crossing Determine the price at the point of crossing of the demand curves
Qs = Ql
the price at intersection ( P ) = $0.90
what can be said about the elasticities of demand is that the elasticities of the demand functions remain the same because they are independent during the entire demand curve
It is desired to partition customers into similar groups on the basis of their demographic profile. Which data mining problem is best suited to this task
Answer: Clustering
Explanation:
Data mining simply has to do with getting of usable data which are extracted simply from raw data. The data mining problem that is best suited to this task is clustering.
Clustering simply means when structures are found in data which are usually thesame. Since we want to partition customers into similar groups on the basis of their demographic profile, clustering will be used.
The table contains information on the price per month and the monthly demand and supply of online music streaming subscriptions. Price Quantity demanded (thousands) Quantity supplied (thousands) $ 9.80 250 180 $ 10.00 210 210 $ 10.20 160 280 $ 10.40 80 410 What is the quantity demanded at $ 10.20
Answer:
160
Explanation:
The computation of the quantity demanded at $10.20 is given below;
As seen in the chart, at price of $10.20 there is a quantity demanded of 160
So according to the information given in the question, the quantity demanded at $ 10.20 is 160
Nowadays,there are more separate retail and commercial banks than ever.
A. True
B.False
Yes it is true that Nowadays, there are more separate retail and commercial banks than ever because as the modern economy is growing with the more and more cashless system, Retail and commercial banking the only way to enable such upgradation in the banking sector.
What is Retail Banking?Retail banking is also called personal banking or consumer banking. Its main focus is to provide banking services to general public or customers rather than to organizations.
What is Commercial Banking?Commercial banking is an institution which provides deposit facilities, gives loan and other banking facilities. It can be classified as
1-Public Sector banks
2-Private Sector Banks
3-Foreign Banks
4-Regional Rural Banks
What is Modern Economy?Modern economy is Market Capitalism, Market Socialism, Command Capitalism, Command Socialism.
Hence option A is the correct answer.
To learn more about Banking, click here
https://brainly.com/question/15062008
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Adhering to utilitarian ethics in making a business decision is likely to result in an action that is considered morally correct if it produces the greatest good for Group of answer choices the fewest people. the most people. the business decision maker. the business.
Answer:
The most people.
Explanation:
In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
Hence, adhering to utilitarian ethics in making a business decision is likely to result in an action that is considered morally correct if it produces the greatest good for most people.
Extended warranties
Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers are offered the opportunity to also buy a two-year extended warranty for an additional charge. During the year, Carnes received $412,000 for these extended warranties (approximately evenly throughout the year).
Required:
1.Does this situation represent a loss contingency? Why or why not? How should it be accounted for?
2.Prepare journal entries that summarize sales of the extended warranties (assume all credit sales) and any aspects of the warranty that should be recorded during the year.
Solution :
1. This is not a loss contingency as extended warranty is being priced as well sold separately from warranted products and therefore constitutes the separate sales transaction.
2.
Event General Journal Debit Credit
1 Cash $412,000
Unearned revenue -- extended warranties $412,000
2. Unearned revenue -- extended warranties $ 57937.50
Revenue - Extended Warranties $ 57937.50
Working :
The manufacturer provided 90 days which is 3 months of free warranty. Thus a customer who is purchasing the extended warranty is for 09 months.
Now amount received by Carnes Electronics for the extended warranty in one year = $412,000
So, [tex]$\$ 412,000 \times \frac{9}{12}= \$309000$[/tex] of sales.
The warranty is for two years and so 4.5 months in one year.
Therefore the revenue earned on the extended warranty is :
[tex]$\$309000 \times \frac{4.5 \text{ months}}{24 \text{ months}}$[/tex]
= $ 57937.50
On June 25, Obermayer Repair Service extended an offer of $127,000 for land that had been priced for sale at $145,000. On July 9, Obermayer Repair Service accepted the seller's counteroffer of $138,000. On October 1, the land was assessed at a value of $207,000 for property tax purposes. On December 22, Obermayer Repair Service was offered $221,000 for the land by a national retail chain.
At what value should the land be recorded in Obermayer Repair Service's records?
$fill in the blank 1
Answer:
$138,000
Explanation:
Based on the information given the value at which the land should be recorded is 138,000 reason been that we were told that the repairer which is Obermayer Repair Service accepted the seller's counteroffer of the amount of $138,000 and based on accounting principle of COST CONCEPT the land should be recorded at the value or amount of $138,000 which is the seller's counteroffer amount that was accepted by Gallatin Repair Service.
Applying the midpoint formula, what is the price elasticity of demand if a drop in the price of energy drinks from $2 to $1 per can leads to an increase in the quantity demanded from 100 million to 150 million cans
Answer:
-0.6
Explanation:
Price elasticity of demand = Δ Change in quantity / Δ Change in price
Price elasticity of demand = [150-100/((150+100)/2)] / [1-2/((1+2)/2)]
Price elasticity of demand = [50/125]/ [-1/1.5]
Price elasticity of demand = 0.4/-0.66666
Price elasticity of demand = -0.6
On March 14, Zest Co. accepted a 120-day, 6% note in the amount of $5,000 from AZC Co., a customer. On the due date of the note, AZC dishonors the note and fails to pay. The journal entry that Zest would make to record the failure to pay this note on the due date would include a debit to: Multiple choice question. Notes Receivable for $5,100 Notes Receivable for $5,000 Cash for $5,000 Accounts Receivable - AZC for $5,000 Accounts Receivable - AZC for $5,100 Cash for $5,100
Answer:
Accounts Receivable -AZC for $5100
Explanation:
Based on the information given The journal entry that Zest would make in order to record the failure to pay this note on the due date would include a debit to:
Accounts Receivable -AZC for $5100
Calculated as :
Accounts Receivable=$5000+[ $5000 x .06 x (120/360) ]
Accounts Receivable=$5000+ $100
Accounts Receivable=$5100
Answer:
account receivable $5100
Explanation:
cash is not received:accounts receivable is debited for $500
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a series of payments over time. If you pick the lump sum payout, you get $2,950 today. If you pick the payments over time payout, you get three payments: $1,000 today, $1,000 one year from today, and $1,000 two years from today. At an interest rate of 8% per year, you would be better off accepting the payout since it has the greater present value. At an interest rate of 10% per year, you would be better off accepting the payout since it has the greater present value. Years after you win the lottery, a friend in another country calls to ask your advice. By wild coincidence, she has just won another lottery with the same payout schemes. She must make a quick decision about whether to collect her money under the lump sum payout or the payments over time payout. What is the best advice to give your friend
Answer:
take the payments over time payout
Explanation:
My personal opinion/advice would be to take the payments over time payout. There are many reasons for this, the first one being that most individuals are not used to receiving large sums of cash and usually end up wasting all the money as soon as they receive it, which usually does not occur if the payments are made over time. The second and more important reason is that if the payments are made over different years your would pay a much lesser amount on taxes every year that passes. This means that the even with the interest rate you would most likely have more overall money if you take the payments over time.
A mutual fund with beta of 0.8 has an expected rate of return of 14%. If the risk-free rate is 5% and you expect the rate of return on the market portfolio is 15%, what is the fund's alpha
Answer:
1%
Explanation:
Portfolio's alpha = expected return of the portfolio - required return of the portfolio
Alpha = 14% - (5% + (0.8 x 10%)) = 14% - (5% + 8%) = 1%
A portfolio's alpha is the excess return yielded by the portfolio compared to the market's expected return for a similar investment.
If a company is using a cost leadership strategy, which of the following potential pitfalls is not a characteristic of that strategy? Multiple Choice Too much focus on one value-chain activity can lead to greater loss. Cost advantages erode when pricing information is readily available. A lack of parity on differentiation is evident. The strategy is not easily imitated.
Answer:
If a company is using a cost leadership strategy, the potential pitfall which is not a characteristic of that strategy is:
The strategy is not easily imitated.
Explanation:
Cost-leadership is one of the competitive strategies advocated by Michael Porter, which is designed to deliver goods or services to customers at the lowest possible cost. While a cost-leadership strategy makes it difficult for new companies to enter the market because of low profit margins, it does not prevent existing competitors from lowering their own prices in order to gain the advantage of increased market share.
Can anyone please write a summery or a paragraph of life of a homless teen memoir in the Great depression please?
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depen de si el adolecente ses amensado