Answer:
The actual dollars are 184.78 million
Explanation:
First, calculate the excess spread paid by the DKNY
Excess Spread = Euro 0.97/$ - Euro 0.93/$ = Euro 0.04/$
As it will be shared by two companies
Excess Spread paid by DKNY = Euro 0.04/$ x 1/2 = Euro 0.02/$
Now calculate the actual spot rate
Actual Spot rate = Base rate + Excess spread paid by DKNY = Euro 0.90/$ + Euro 0.02/$ = Euro 0.92/$
Calculate the actual payment using the following formula
Actual Payment = Payment to be made / Actual spot rate = Euro 170 million / Euro 0.92/$
Actual Payment = $184.78 million
Assume that the reserve requirement is 10 percent. Also assume that banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to expand the money supply by $50 million using open-market operations. In order to accomplish its goal, the Fed needs to $____________ million worth of bonds.
Answer:
$5 million
Explanation:
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = amount deposited / reserve requirement
0.1 x 50 million = 5 million
A company must account for a contract modification as a new contract if Group of answer choices the modification adds distinct goods or services at a price that reflects their stand-alone selling price. the seller has the right to receive consideration equal to the stand-alone selling price of the promised goods or services. the promised goods or services are distinct and separable from other goods or services promised in the original contract. the promised goods or services are distinct and the contract has commercial substance.
Answer: the modification adds distinct goods or services at a price that reflects their stand-alone selling price.
Explanation:
When multiple goods or services are offered in the same contract they are not usually given their standalone price but rather a contract price that is less as a form of discount for getting all the goods at the same time.
When a modification is added however, that reflects the standalone price of goods added, the contract has to account for the contract modification because there are now multiple pricing conventions and this needs to be accounted for.
Find the area of the shaded region. The graph to the right depicts IQ scores of adults, and those scores are normally distributed with a mean of 100 and a standard deviation of 15.
Shaded region is 95
Answer:
Area of the Shaded Region = 0.6293
Explanation:
Given - The graph to the right depicts IQ scores of adults, and those scores are normally distributed with a mean of 100 and a standard deviation of 15.
Shaded region is 95.
To find - Find the area of the shaded region.
Proof -
As given that, Shaded region is 95
So,
Area of shaded region is
P(X > 95)
= [tex]P(z > \frac{95 - 100}{15})[/tex]
= [tex]P(z > \frac{-5}{15})[/tex]
= P(z > -0.33)
= 1 - P(z ≤ -0.33)
= 1 - 0.3707
= 0.6293
∴ we get
Area of the Shaded Region = 0.6293
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $26.50 per hour. During July, Whitman paid $120,790 to employees for 4,700 hours worked. 2,600 units were produced during July. What is the flexible budget amount for direct labor
Answer:
$137,800
Explanation:
A flexible budget uses the standard hour and costs adjusted to Actual level of output
thus
Flexible budget amount for direct labor = 2 x 2,600 units x $26.50 = $137,800
Waterway Company borrowed $950000 from BankTwo on January 1, 2020 in order to expand its mining capabilities. The five-year note required annual payments of $257042 and carried an annual interest rate of 10%. What is the amount of interest expense Waterway must recognize on its 2021 income statement
Answer:
$78,795.80
Explanation:
Interest Expenses for 2020 = $950000 * 10% = $95,000
Total Payment in 2020 = $257,042
Principal Repaid = $257,042 - $95,000 = $162,042
Outstanding Principal = $950,000 - $162,042 = $787,958
Interest Expenses for 2021 = $787,958 * 10%
Interest Expenses for 2021 = $78,795.80
So, the amount of interest expense Waterway must recognize on its 2021 income statement is $78,795.80.
can you have a sloth as a pet
Answer:
in most places yes
Explanation:
they are hard to care for tho
Answer:
i mean Ig it depends on if you need a license or have to pay alot for it
have a good day :)
Explanation:
At Susko Systems Inc., employees with exceptional performance ratings are three to four more times as likely to be promoted in comparison to employees who receive average or below average ratings. Susko Systems most likely uses the promotion criterion of _____ to promote its employees.
Answer:
Merit.
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
In this scenario, Susko Systems most likely uses the promotion criterion of merit to promote its employees. A merit is function of the performance of an employee.
Consider the following information: Actual direct labor hours 34,500 Standard direct labor hours 35,000 Total actual direct labor cost $241,500 Direct-labor efficiency variance $3,200F The direct-labor rate variance is:
Answer:
Direct labor rate variance= $20,700 unfavorable
Explanation:
Giving the following information:
Actual direct labor hours 34,500
Standard direct labor hours 35,000
Total actual direct labor cost $241,500
Direct-labor efficiency variance $3,200F
First, we need to calculate the standard hourly rate:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
3,200= (35,000 - 34,500)standard rate
3,200 = 500standard rate
$6.4 = standard rate
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (6.4 - 7)*34,500
Direct labor rate variance= $20,700 unfavorable
Actual rate= 241,500 / 34,500= $7
At January 1, 2017, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purchased equipment with a cost of $60,000 and sold equipment with a book value of $30,000. The company reported a loss on the sale of equipment of $4,000. Assume the indirect method is used.
Determine what amount will be reported in the operating activities section
Operating Activities
Determine what amount will be reported in the investing activities section with regard to the purchase and sale of equipment.
Purchase of Equipments
Sale of Equipment
Click If you would like to show Work for this questioni Doen Show Work
Answer:
$4,000
Explanation:
The operating activities records daily activities of a business entity transactions such as depreciation expense, loss or profit on sale of long term assets, change in working capital etc.
With regards to the above scenario, there is a loss of $4,000 on the sale of equipment whilst same was recorded under the operating activity section as positive.
It is to be noted that the sale and equipment of an equipment falls under investing activity section hence shod be recorded therein as such, reason it was not considered here.
Sally received 100 shares of stock worth $8,000 as a gift from her father. Her father had purchased the stock for $10,000. When Sally sells the stock, her basis in the shares for determining her gain or loss will be
Answer:
$8000
Explanation:
Based on the fact that she didn't purchase the stock initially At $10000, but she was gifted it at $8000 her bases upon which she will derive profit or loss from is $8000
$85,000 and Rocko can also receive $38,000 for trading in the old machine. The new machine will reduce variable manufacturing costs by $14,000 per year over its five-year life. Should the machine be replaced
Answer: Yes, because income will increase by $23,000.
Explanation:
Since the new machine will reduce variable manufacturing costs by $14,000 per year over its five-year life, the savings for the five years will be:
= $14000 × 5
= $70000
The extra cost needed will be:
= $85000 - $38000
= $47000
Based on the above calculation, the net gain will be:
= $70000 - $47000
= $23000.
Therefore, the machine should be replaced because income will increase by $23,000.
4. If the monthly finance charge on a loan is 1%, then the A.P.R. on that loan would be
A. 24% B. 12% C. 18% D. 10%
Answer:
B. 12%
Explanation:
Given - If the monthly finance charge on a loan is 1%
To find - The A.P.R. on that loan would be
1 year = 12 months
Given that, monthly finance charge = 1%
So,
Cumulatively,
Annual Percentage rate (APR) = 12×1% = 12%
So,
The correct option is - B. 12%
Which one of the following statements about forecasting is TRUE? Forecast is generally more accurate at the individual level than at the aggregate level. The longer the forecasting horizon, the higher the forecast accuracy level The five basic patterns of demand are the horizontal, trend, seasonal, cyclical, and the subjective judgment of forecasters None of these answers is correct. Judgment methods are designed particularly for situations in which historical data are lacking.
Answer:
oK SO a true stament is icecrream and forecast are related bc balah balh
not helping anymorre
Explanation:
The true options about forecasts is that Judgment methods are designed particularly for situations in which historical data are lacking.
What is forecasting?This is the ability to make predictions about a phenomenon. The ability to make forecasts is usually due to the fact that a research analysis has been done.
The established findings are what provides the pointers that are used for forecasting.
Read more on forecasts here:
https://brainly.com/question/11857753
Cromwell manufactures specialty electronic circuitry through a unique photo-electronic process. One of the primary products, Model GT40, has a standard labor time of 0.5 hour and a standard labor rate of $7.00 per hour. During March, the following activities pertaining to direct labor for GT40 were recorded: Direct labor hours used 2,000 Direct labor cost $12,000 Units of GT40 manufactured 3,000 The Labor rate variance and Labor efficiency variance are: Select one:
Answer:
the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
Explanation:
The computation of the labor rate variance and labor efficiency variance is given below;
For Labor rate variance
= $12,000 - (2000 × 7)
= $2000 F
And, the Labor efficiency variance is
= 7 × (2000 - 3000 × 0.5)
= $3500 U
Hence, the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
Pare, Inc. purchased 10% of Tot Co.'s 100,000 outstanding shares of common stock on January 2, Year 1, for $50,000. On December 31, Year 1, Pare purchased an additional 20,000 shares of Tot for $150,000. There was no goodwill as a result of either acquisition, and Tot had not issued any additional stock during Year 1. Tot reported earnings of $300,000 for Year 1. What amount should Pare report in its December 31, Year 1, Balance Sheet as investment in Tot
Answer:
$230,000
Explanation:
Calculation to determine What amount should Pare report in its December 31, Year 1, Balance Sheet as investment in Tot
Based on the information given the 10% ownership percentage will be used in Year 1 reason been that the additional 20% purchased in 12/31/Year 1, hence In Year 2, 30% earnings would be recorded in the investment account
Investment account at 12/31/Year 1 =[(Actual ownership percentage*Outstanding shares of common stock 1/2/Year 1)+ 1/2/Year 1 Common stock value ] +(Additional ownership percentage*Outstanding shares of common stock 12/31/Year 1 )+ 12/31/Year 1 Additional shares value]
Let plug in the formula
Investment account at 12/31/Year 1 =
[(100,000*10%)+$50,000]+[(100,000*20%)+$150,000
Investment account at 12/31/Year 1 =($10,000+$50,000)+($20,000+$150,000)
Investment account at 12/31/Year 1 =$60,000+$170,000
Investment account at 12/31/Year 1 =$230,000
Therefore The amount that Pare should report in its December 31, Year 1, Balance Sheet as investment in Tot is $230,000
Innovation is the creation of something new that makes money. In order to be profitable, innovations must be both novel and useful.
a. True
b. False
Answer:
a. True
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.
Innovation typically involves the creation of a new product of any category such as automobile, building, phones, electronics, etc., that generates money for the innovators or manufacturers through purchase made by the end users (consumers).
In order for the innovator to make profits, it is expected or required that his or her innovation is both novel and useful.
Rodrigo was eager to make a presentation on the benefits of improvisation in the workplace. When he arrived in the conference room, he realized that seven bankers would attend the presentation via computer conferencing from offices in other states. This presentation provides an example of __________. synchronous communication in-person communication co-located communication asynchronous communication
Answer:
synchronous communication
Explanation:
The above question refers to an example of synchronous communication, which occurs when there is communication between two or more people in real time, not requiring physical presence, but which can occur virtually, such as through videoconferences and phone calls.
In the above situation, Rodrigo would make a presentation at work that would be attended in real time by seven bankers, through a computer conference of offices in other states, in real time, so it is correct to say that this example refers to synchronous communication.
In the work environment, synchronous communication in a virtual way is very beneficial because it allows the integration between work teams, customers and branches of the company, without the need for physical presence, which increases the speed of organizational processes and decisions, reduces the costs and enables greater organizational coordination.
Assume the multiplier is 5 and that the crowding-out effect is $30 billion. An increase in government purchases of $20 billion will shift the aggregate-demand curve to the Select one: a. right by $130 billion b. right by $70 billion c. right by $50 billion d. right by $10 billion
Answer:
b. right by $70 billion
Explanation:
The computation of the amount that shift to the aggregate demand curve is shown below;
= Multiplier × government purchase - crowding out effect
= 5 × $20 billion - $30 billion
= $100 billion - $30 billion
= $70 billion
So it would right by $70 billion
hence, the correct option is b,
The other options seems incorrect
Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the second following month. Wichita Industries' had $12,000 from November sales and $42,000 from December sales. Assume that total sales for January and February are budgeted to be $50,000 and $100,000, respectively. What are the expected cash receipts for February from current and past sales
Answer:
$67,060
Explanation:
February collection :
February Sales = $100,000 x 10 % + $100,000 x 90 % x 30 % = $37,000
January Sales = $50,000 x 90 % x 50 % = $22,500
December Sales = $42,000 x 90 % x 20 % = $7,560
Total = = $67,060
therefore,
the expected cash receipts for February from current and past sales is $67,060
Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $21,500 Cash paid for dividends, $6,300 Cash dividends received, $4,300 Cash proceeds from bank loan, $32,000 Cash purchase of treasury stock, $12,500 Cash paid for equipment purchase, $28,500 Cash received from issuance of common stock, $38,500 Cash received from sale of land with a $33,500 book value, $26,200 Acquisition of land costing $52,500 in exchange for preferred stock issuance. Payment of $115,000 note payable by exchanging used machinery with a $78,500 book value and $115,000 fair value How much was Flow's net cash flow from investing activities
Answer:
Net Cash outflow = $2,300
Explanation:
Cash flow from Investing activity
Particulars Amount
Cash proceeds from sale of Land $26,200
Cash Paid for Equipment Purchase -$28,500
Net cash-flow from investing activities ($2,300)
The financial statements of the Blue Spruce Corp. report net sales of $384000 and accounts receivable of $56400 and $36000 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days
Answer:
44 days
Explanation:
First, we have to calculate accounts receivable turnover Blue Spruce Inc.
= $384,000 / [($56,400 + $36,000) / 2 ]
= $384,000 / $46,200
= 8.31 times
Then, to calculate the average collection period for accounts receivable, it will be :
= 365 days / 8.31
= 43.92
= 44 days aprox.
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:
Year Straight-Line Declining Balance Difference
2018 $400 $853 $453
2019 400 569 169
2021 400 379 (21)
$1,200 $1,801 $601
Required:
Prepare any 2018 journal entry related to the change?
Answer:
A change in the depreciation method is not a change of accounting policies. Therefore, this change will not require any retrospective journal entry for 2018. Changes in depreciation methods are prospective, meaning that they affect future values, not past values. This is considered a change in an accounting estimate.
Explanation:
The returns from an investment are 3% in Year 1, 7% in Year 2, and 19.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Answer:
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Explanation:
dont kno
On January 1, 2020, the merchandise inventory of Wildhorse, Inc. was $2050000. During 2020 Wildhorse purchased $4091000 of merchandise and recorded sales of $4900000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Wildhorse at December 31, 2020
Answer:
$2,466,000
Explanation:
Use the missing figure approach or gross profit method as below :
Trading Account
Sales $4900000
Less Cost of Sales :
Opening Inventory $2050000
Add Purchases $4091000
Total $6,141,000
Less Closing Inventory ($2,466,000) ($3,675,000)
Gross Profit ($4900000 x 25%) $1,225,000
thus,
The merchandise inventory of Wildhorse at December 31, 2020 is $2,466,000
which statistic from the common data set is a good measure of a schools effectiveness?
A. The graduation rate
B. Low surcharges on tuition
C. The admissions rate
D. The number of degree programs
Ballard Company incurred a total cost of $8,600 to produce 400 units of pulp. Each unit of pulp required five (5) direct labor hours to complete. What is the total fixed cost if the variable cost was $1.50 per direct labor hour
Answer:
$5,600
Explanation:
Total Cost = Fixed Cost + Variable Cost
therefore
Fixed Cost = Total Cost - Variable Cost
= $8,600 - (400 x 5 x $1.50)
= $5,600
thus
the total fixed cost if the variable cost was $1.50 per direct labor hour is $5,600
When banks are very cautious about lending money and therefore hold excess reserves, then: Question 29 options: it hinders contractionary monetary policy. expansionary monetary policy remains unaffected. contractionary monetary policy remains unaffected. it hinders expansionary monetary policy.
Answer:
The correct answer is the third option: Contractionary monetary policy remains unaffected.
Explanation:
To begin with, in the field of macroeconomics the "monetary policy" refers to the decisions that proper authority takes in order to adjust the amount of money that is in circulation. Therefore that it exists two types of monetary policy, the contractionary and the expansionary one. The first policy focus on the fact of reducing the amount of money that is already in circulation for the people and that is why that if the banks decide not to lend money then the contractionary policy will not be affected due to the fact that the action taken by the bank is what the authoraty wants.
Swifty has the following inventory data: July 1 Beginning inventory 23 units at $4.60 5 Purchases 91 units at $5.00 14 Sale 61 units 21 Purchases 46 units at $5.50 30 Sale 43 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July
Answer:
$541.50
Explanation:
LIFO method assumes that the inventory to arrive last will be sold first. Thus, valuation of cost of goods sold is based on latest prices.
Cost of goods sold calculation :
14 July Sale = 61 units x $5.00 = $305.00
30 July Sale = 43 units x $5.50 = $236.50
Total = $541.50
therefore,
the cost of goods sold on a LIFO basis for July is $541.50
The beginning capital balance shown on a statement of owner's equity is $44,000. Net loss for the period is $13,500 and the owner withdrew $17,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
Answer:
See below
Explanation:
Given that;
Opening capital = $44,000
Net loss = ($13,500)
Drawings = $17,500
Then,
Owner's capital balance is computed as ;
Capital at the end of the year = Opening capital + Net income(Net loss) - Drawings
Capital at the end of the year = $44,000 - $13,500 - $17,500
Capital at the end of the year = $13,000
On May 7, Jernigan Company purchased on account 510 units of raw materials at $18 per unit. During May, raw materials were requisitioned for production as follows: 153 units for Job 200 at $15 per unit and 158 units for Job 305 at $18 per unit.
Required:
Journalize the entry on May 7 to record the purchase.
Answer and Explanation:
The journal entry to record the purchase is shown below;
Materials (510 units × $18) $9,180
To Accounts payable $9,180
(To record the purchases)
Here the material is debited as it increased the assets and credited the account payable as it also increased the liabilities
Therefore the above journal entry should be passed