Answer:
vbnjjhkhgfx
Explanation:
Vhhjjgddeszff
Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year:
Total assets $530,000
Total noncurrent assets 306,000
Liabilities:
Notes payable (8%, due in 5 years) 21,000
Accounts payable 54,000
Income taxes payable 15,000
Liability for withholding taxes 1,000
Rent revenue collected in advance 11,000
Bonds payable (due in 15 years) 112,000
Wages payable 11,000
Property taxes payable 7,000
Note payable (10%, due in 6 months) 13,000
Interest payable 700
Common stock 120,000
1-a. What is the amount of current liabilities?1-b. Compute working capital.2. Would your computation be different if the company reported $250,000 worth of contingent liabilities in the notes to its financial statements?
Answer and Explanation:
The computation is shown below;
1-a
Current liabilities:
Acccounts payable $54,000
Income tax payable $15,000
Liability for withholding taxes $1,000
Rent revenue collected in advance $11,000
Wages payable $11,000
Property tax payable $7,000
Note payable $13,000
Interest payable $700
Current liabilities $112,700
1-b
Total assets $530,000
Less: Non Current assets $306,000
Current assets $224,000
Less: Current liabilities - $112,700
Working capital $111,300
2.
In the case when the company reported $250,000 as the contingent liability so it should not be impacted as they are not yet recorded
Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 12%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 12.20%. What is Pearson's cost of common equity
Answer:
14.82 %
Explanation:
WACC = Cost of equity x Weight of equity + Cost of Debt x Weight of Debt
where,
After tax cost of debt = Interest x (1 - tax rate)
= 12 % x (1 - 0.25)
= 9 %
therefore,
Let the Cost of equity be Ce
12.20% = Ce x 0.55 + 9 % x 0.45
12.20% = 0.55 Ce + 4.05
Ce = 14.82 %
thus
Pearson's cost of common equity is 14.82 %
Soliman Corporation began the year 2018 with 25,000 shares of common stock and 5,000 shares of convertible preferred stock outstanding. On May I, an additional 9,000 shares of common stock were issued. On July I, 6,000 shares of common stock were acquired for the treasury. On September I, the 6,000 treasury shares of common stock were issued. The preferred stock has a $4 per-share dividend rate, and each share may be converted into two shares of common stock. Soliman Corporation's 2018 net income is $230,000.
Required:
a. Compute earnings per share for 2018.
b. Compute diluted earnings per share for 2018.
Answer and Explanation:
The computation of the earning per share and the diluted earning per share is as follows;
a. The earning per share is
= (Net income - Preferred dividend) ÷ outstanding shares
= ($230,000 - (5,000 × $4)) ÷ 30,000 shares
= $210,000 ÷ 30,000 shares
= $7 per share
b. The diluted earning per share is
= Earnings ÷ outstanding shares
= $230,000 ÷ (30,000 + (5,000 × 2)
= $5.75 per share
The 30,000 shares come from
Period Outstanding shares Fraction outstanding shares
1-Jan-18 to 30-Apr-18 25000 4 ÷12 8333.33
1-May-18 to 30-Jun-18 34000 2÷ 12 5666.67
1-Jul-18 to 31-Aug-18 28000 2 ÷ 12 4666.67
1-Sep-18 to 31-Dec-18 34000 4 ÷ 12 11333.33
Weighted average outstanding shares 30000
When you took over as the marketing manager for clothing manufacturer Harrison, it appeared that the existing social media strategy was not resonating with consumers so you launched a new interactive campaign inviting the brand's loyal fans to post pictures of themselves wearing Harrison merchandise. Which of the following would indicate that the user-generated content is getting a better response?
a. To date, nearly 3,000 users have posted photos or videos.
b. User-generated posts typically get at least 50 "likes" each.
c. Your conversion rate has been averaging 2-3 percent.
d. You've seen a 7-percent increase in online sales.
Answer: You've seen a 7-percent increase in online sales.
Explanation:
A 7-percent increase in online sales will iindicate that the user-generated content is getting a better response.
Option A is Incorrect as 3,000 users posting photos or videos doesn't indicate that there social media strategy used is working for the company.
Option B and C isn't correct as well. Option D shows that the social media strategy is having a positive impact as there's an increase in sales.
When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of: a. increasing economies of scale. b. slow industry growth. c. an industry with low exit barriers. d. high switching costs.
Answer:
b. slow industry growth.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
Generally, when rival business firms compete aggressively by trying to attract competitors' customers, this might be an indication of slow industry growth.
In conclusion, the various companies or business firms are experiencing a low level of sales of their goods and services. As a result, they engage in activities that would attract potential customers and by extension their competitors' customers.
Use the following stockholders' equity section of Marcy Company on December 31, 2004 to answer questions 45 through
50. Treat each question independent of the other questions - so your answer to question 46 should not be influenced by the
answer to question 45, and so on:
Preferred Stock - 6% cumulative, $20 par value, 10,000 shares authorized, 5,000 shares issued and outstanding . . $100,000
Contributed Capital in excess of par value, Preferred Stock . . 250,000
Common Stock, $5 par value, 20,000 shares authorized, 10,000 shares issued and outstanding. . . . . . . . . . 50,000
Contributed Capital in excess of par value, Common Stock . .450,000
Total Contributed Capital . . . . . . . . . . . . $ 850,000
Retained Earnings . . . . . . . . . . . . . . . . . 150,000
Total Stockholders' Equity . . . . . . . . . . . .$ 1,000,000
45. The average issue price per share of preferred stock must have been:
A) $20.00
B) $50.00
C) $70.00
D) $35.00
E) $45.00
46. Marcy Company did not pay any dividends in 2004. In 2005, they declared and paid total dividends of $4,000, and in 2006, they declared total dividends of $20,000. How much dividends will be paid to preferred and common stockholders in 2006?
A) Preferred $20,000, Common $0
B) Preferred $8,000, Common $12,000
C) Preferred $18,000, Common $2,000
D) Preferred $14,000, Common $6,000
E) Preferred $12,000, Common $8,000
47. Marcy Company issues 2,000 shares of common stock in exchange for a building, with a market value of $100,000.
The journal entry to record the exchange will cause Total Contributed Capital to:________
A) increase by $10,000
B) increase by $100,000
C) increase by $90,000
D) increase by $80,000
E) remain unchanged
48. Marcy Company declared and issued a 15% common stock dividend on January 1, 2005, when the market price of their common stock was $12 per share. The journal entry to record the stock dividend will:_____________
A) debit Retained Earnings by $18,000.
B) credit Common Stock Dividend Distributable, $15,000
C) credit Contributed Capital in excess of par, Common Stock, $21,000
D) credit Common Stock Dividend Distributable, $10,500
E) credit Contributed Capital in excess of par, Common Stock, $7,500
49. Marcy Company declared a 100% common stock dividend on January 1, 2005, when the market price of the stock was $7.50. The entry to record this dividend will:_________
A) debit Retained Earnings,$100,000
B) credit Common Stock Dividend Distributable,$50,000
C) credit Contributed Capital in excess of par, Common Stock, $25,000
D) credit Common Stock Dividend Distributable, $100,000
E) Since this is considered a stock split, no journal entry is made
50. On January 1, 2005, Marcy Company purchased 1,000 shares of its own common stock for $22,000. On February 1, 2005, they sold 600 of these shares for $25 per share, and on March 1, 2005, they sold the remaining 400 shares for
$15 per share. The journal entry required on March 1 will include:_______
A) credit Contributed Capital, Treasury Stock, $1,800
B) debit Retained Earnings for $1,800
C) debit Retained Earnings for $2,800
D) debit Contributed Capital, Treasury Stock, $2,800
E) debit Contributed Capital, Treasury Stock, $1,80040.
Answer:
Marcy Company
45. The average issue price per share of preferred stock must have been:
C) $70.00
46. The dividends paid to preferred and common stockholders in 2006 are:
B) Preferred $8,000, Common $12,000
47. The journal entry to record the exchange will cause Total Contributed Capital to:________
C) increase by $90,000
48. The journal entry to record the stock dividend will:_____________
A) debit Retained Earnings by $18,000.
49. The entry to record this dividend will:_________
B) credit Common Stock Dividend Distributable,$50,000
C) credit Contributed Capital in excess of par, Common Stock, $25,000
50. The journal entry required on March 1 will include:
Debit Cash $6,000
Credit Treasury stock $2,000
Credit Contributed Capital in excess of par value $4,000
Explanation:
a) Data and Calculations:
Preferred Stock:
6% cumulative, $20 par value, 10,000 shares authorized,
5,000 shares issued and outstanding . . $100,000
Contributed Capital in excess of par value, Preferred Stock . . 250,000
Common Stock:
$5 par value, 20,000 shares authorized,
10,000 shares issued and outstanding. . . . . . . . . . 50,000
Contributed Capital in excess of par value, Common Stock . .450,000
Total Contributed Capital . . . . . . . . . . . . $ 850,000
Retained Earnings . . . . . . . . . . . . . . . . . 150,000
Total Stockholders' Equity . . . . . . . . . . . .$ 1,000,000
Average issue price per share of preferred stock = $70 ($100,000 + $250,000)/5,000
2005 2006
Total dividends declared $4,000 $20,000
Preferred dividend 6,000 6,000
Cumulative dividend -2,000 2,000
Common stock dividend $0 $12,000
Journal Entry:
Debit Building $100,000
Credit Common stock $10,000
APIC - common stock $90,000
January 1, 2005: Treasury stock $5,000 Contributed Capital in excess of par value $17,000 Cash $22,000
February 1, 2005: Cash $15,000 Treasury stock $3,000 Contributed Capital in excess of par value $12,000
March 1, 2005: Cash $6,000 Treasury stock $2,000 Contributed Capital in excess of par value $4,000
Oligopolies would like to act like a Group of answer choices duopoly, but self-interest often drives them closer to the perfectly competitive outcome. competitive firm, but self-interest often drives them closer to the duopoly outcome. monopoly, but self-interest often drives them to charge a higher price than would be charged by a monopoly. monopoly, but self-interest often drives them closer to the perfectly competitive outcome.
Answer:
monopoly, but self-interest often drives them closer to the perfectly competitive outcome.
Explanation:
In the given situation, the oligopoly tried to act like the monopoly via collusion but at the same time they would tend to cheat that drives the profit and the price per unit is less also it acted as the competitive firm
so here the self-interest would also be drives them near to the perfectly competitive result
hence, the above represent the answer
Oligopolies would like to act like a monopoly, but self-interest often drives them closer to the perfectly competitive outcome. The correct option is d.
Oligopolies are a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms.
A monopoly is a market with only one producer, a duopoly has two firms, and an oligopoly consists of two or more firms. There is no precise upper limit to the number of firms in an oligopoly, but the number must be low enough that the actions of one firm significantly influence the others.
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The following transactions occurred during July: Received $930 cash for services provided to a customer during July. Issued common stock for $2,600 cash. Received $780 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $405. Borrowed $6,300 from the bank by signing a promissory note. Received $1,280 cash from a customer for services to be performed next year. What was the amount of revenue for July
Answer:
the amount of revenue for the july month is $1,335
Explanation:
The computation of the amount of revenue for the july month is shown below:;
= Cash received from the service provided to the customer + provided the service to the customer on credit basis
= $930 + $405
= $1,335
Hence, the amount of revenue for the july month is $1,335
The same would be relevant
A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: Instructions: Enter your responses rounded to one decimal place. a. The instant before it pays out current profits as dividends. $ million b. The instant after it pays out current profits as dividends. $ million
Answer:
A. $21,200,000
B. $20,800,000
Explanation:
A. Calculation to determine The instant before it pays out current profits as dividends
Value of the firm =[(Current profits) × (1 +Opportunity cost of funds)} ÷ (Opportunity cost of funds - Constant growth annual rate)
Let plug in the formula
Value of the firm= [($400,000) × (1 + 0.06)]÷ (0.06 - 0.04)
Value of the firm= [($400,000) × (1.06)]÷0.02
Value of the firm= $424,000 ÷ 0.02
Value of the firm= $21,200,000
Therefore The instant before it pays out current profits as dividends will be $21,200,000
B. Calculation to determine The instant after it pays out current profits as dividends
Using this formula
Value of the firm =[(Current profits) × (1 +Constant growth annual rate)} ÷ (Opportunity cost of funds - Constant growth annual rate)
Let plug in the formula
Value of the firm= [($400,000) × (1 + 0.04)] ÷ (0.06 - 0.04)
Value of the firm= [($400,000) × (1.04)] ÷ (0.06 - 0.04)
Value of the firm= $416,000 ÷ 0.02
Value of the firm= $20,800,000
Therefore The instant after it pays out current profits as dividends will be $20,800,000
The management of Milque Corp. is considering the effects of various inventory-costing methods on its financial statements and its income tax expense. Assuming that the price the company pays for inventory is increasing, which method will: (a) provide the highest net income
Answer:
Milque Corp.
FIFO will provide the highest net income when the price of inventory is increasing.
Explanation:
The Generally Accepted Accounting Principles recognize four main methods to compute Cost of Goods Sold and Ending Inventory for a period. They are:
First In, First Out (FIFO): This is based on the assumption that companies sell first the inventory that they bought first.
Last In, First Out (LIFO): This method assumes that companies sell first the inventory that they bought last.
Weighted Average Cost (WAC): This inventory method assumes that companies average the costs of inventory and how much they sell over the period by dividing the cost of goods available for sale by the total physical inventory units.
Specific Identification: This method does not make any assumptions. It directly identifies the product being sold and prepares costing calculations based on the specific inventory items.
In a completely randomized experimental design involving five treatments, 13 observations were recorded for each of the five treatments (a total of 65 observations). Also, the design provided the following information.
SSTR = 300 (Sum of Squares Due to Treatments)
SST = 800 (Total Sum of Squares)
1. The number of degrees of freedom corresponding to within-treatments is:___________.
a. 5.
b. 59.
c. 4.
d. 60.
2. The mean square due to error (MSE) is:_________.
a. 200.
b. 500.
c. 8.3.
d. 75.
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis:________.
a. should be rejected.
b. should not be rejected.
c. was designed incorrectly.
d. cannot be tested.
4. The mean square due to treatments (MSTR) equals:_______.
a. 500.
b. 400.
c. 1350.
d. 1687.5.
1. The number of degrees of freedom corresponding to within-treatments is: 60. Option D
2. The mean square due to error (MSE) is: 8.3. Option C
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis should be rejected. Option A
4. MSTR is 75
How to solve for the degree of freedomDf = n - k
n = total observation
k = treatment
Df = 65 - 5
= 60
The mean square error is given as
MSE = SSE / DF
= 800 - 300 / 60
500 / 60
= 8.3
3) From the use of technology, the value of the P Value is given as 0.0000 the p value is less than the significance level. We have to reject the null.
4. The MSTR is given as 75. SSTR / DF
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Pug Corporation has 11,000 shares of $10 par common stock outstanding and 21,000 shares of $100 par, 5% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $165,000 dividend will be paid. What are the dividends per share for preferred and common, respectively
Answer:
the dividends per share for preferred and common is $5 and $5.45 respectively
Explanation:
The computation of the dividend per share for both stocks is as follows:
For preference one
= 5% of $100
= $5
And, for common one
= ($165,000 - (21,000 × 100 × 5%)) ÷ (11,000 shares)
= $5.45
hence, the dividends per share for preferred and common is $5 and $5.45 respectively
Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter
Required:
1. Calculate the estimated cost of workers' compensation insurance for the year.
2. Show the journal entry for the first quarterly payment on January 2, 20.
3
a. Assume Ryan's actual payroll for the year was $89,000. Calculate the additional premium owed for 20--.
b. Assume Ryan's actual payroll for the year was $89,000. Record the adjustment needed on December 31, 20--. The actual payment of the additional insurance premium will not take place until January of the following year.
Answer:
Following are the responses to the given choice:
Explanation:
Please find the solution in the attached file.
Lynx Corp. The data presented below for Lynx Corp. are for the year ended December 31, 2017: Sales (100% on credit) $1,000,000 Sales returns 30,000 Accounts receivable (December 31, 2017) 170,000 Allowance for doubtful accounts (credit balance) (before adjustment at December 31, 2017) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Lynx Corp. If Lynx Corp. uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debts expense for 2017
Answer:
Allowance for Doubtful Accounts 69,000
Explanation:
If the company estimates its bad debt to be 2% of net credit sales:
sales 2,500,000
return and allowance (50,000)
net sales 2,450,000
Then, we calculate 2% of this amount:
2,450,000 x 0.02 = 49,000
As the uncollectible amounts are related to sales rather than account receivable we adjust for the full value giving an ending value of:
beginning 20,000 + adjustment 49,000 = 69,000
To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. Their form of business organization is
Answer:
a limited liability company.
Explanation:
From the question we are informed about To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. In this case, Their form of business organization is limited liability company.limited liability company can be regarded as business structure in which owners are not personally liable as regards to debts or liabilities of the company.It is hybrid entities with features of corporation and partnership as well as sole proprietorship.
A company's sales in Year 1 were $440,000 and in Year 2 were $477,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
The annual financial statements of a publicly held company has been auditied, and its interim financial statements have been reviewed. Which of the following is true about the applicaiton of professional standards to thie reiview?
a. Statements on Standards for Accounting and Review Services apply.
b. Both PCAOB standards and SSARS apply.
c. None of the above.
d. PCAOB standards apply
Answer: D. PCAOB standards apply
Explanation:
Based on the information given in the question, the statement that is true about the applicaiton of professional standards to thie review is that PCAOB standards apply.
The United States Public Company Accounting Oversight Board (PCAOB) simply refers to a a private sector, non-profit corporation, which was created by Sarbanes-Oxley Act of 2002, in order to oversee auditors in public companies so that the interests of investors can be protected and there can be a fair and informative audit reports.
Keating Co. is considering disposing of equipment with a cost of $63,000 and accumulated depreciation of $44,100. Keating Co. can sell the equipment through a broker for $26,000 less 8% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $47,000. Keating will incur repair, insurance, and property tax expenses estimated at $10,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is
Answer:
$11,080
Explanation:
Calculation to determine what The net differential income from the lease alternative is
Using this formula
Equipment leased net differential income = Lease amount - Estimated expenses - Net sale of equipment
Let plug in the formula
Equipment leased net differential income= $47,000-$10,000-[$26,000-($26,000*8%)]
Equipment leased net differential income=$47,000-$10,000-($26,000-$2,080)
Equipment leased net differential income=$47,000-$12,000-$23,920
Equipment leased net differential income=$47,000-$35,920
Equipment leased net differential income=$11,080
Therefore The net differential income from the lease alternative is $11,080
A company reported total equity of $157,000 at the beginning of the year. The company reported $222,000 in revenues and $171,000 in expenses for the year. Liabilities at the end of the year totaled $98,000. What are the total assets of the company at the end of the year
Answer:
$306,000
Explanation:
The computation of the total assets is shown below;
The accounting equation is
Assets = Liabilities + Equity
But before that the ending equity should be determined
So,
Profit = Revenue - Expenses
= $222,000 - $171,000
= $51,000
Thus, equity at the end of the year is
= $157,000 + $51,000
= $208,000
Now Assets at the end of the year are,
Assets is
= $208,000 + $98,000
= $306,000
1- On November 2, Z-Mart purchased $500 of merchandise inventory for cash
Answer:
Merchandise Inventory (Debit 500)
Cash (Credit 500)
Purchased goods for cash.
Hope this helps
In a competitive market with a linear upward-sloping supply curve and a linear downward-sloping demand curve, the government imposes a $10 tax per unit bought and sold. The tax causes the equilibrium quantity to fall from 89 units to 77 units. The deadweight :_______
Answer:
$105
Explanation:
Missing word "The deadweight loss of this tax is...?"
Change in price = $10
Original quantity = 89 units
New quantity = 77 unit
Change in quantity= 89 units-77 units = 12 units
Dead-weight loss = 1/2 * Change in price * Change in quantity
Dead-weight loss = 1/2 * $10 * $21
Dead-weight loss = $105
Therefore, the dead-weight loss of this tax is $105.
1. An increase in the interest rate makes all households worse off.
a. True
b. False
2. If a household is neither borrowing nor lending, any change in the interest rate makes them better off.
a. True
b. False
3. The difference between the price of a nominal bond paying off $1 in nominal terms tomorrow and the price of a real bond paying off $1 in real terms tomorrow is the price level.
a. True
b. False
Answer:
el primero es true el segundo creo que es falso y el terserro es true una disculpa si sacas. mal tu calificación por qué casi no se me da eso aunque alguna dicen que es fácil ansori
Fed up with her working conditions at the university, Juanita decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?
a. Her forecasts will probably be 100% accurate.
b. Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
d. The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.
Answer:
Juanita
The correct statement about her forecasts is:
c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
Explanation:
Since she has produced limited quantities of her own clothing designs, Juanita is in a better position to determine the demand for each style of skirt that she had produced. This knowledge, which she acquired after a few months of operation, coupled with the forecasting techniques she had mastered in school, will enable her to make a demand forecast for her particular designs than she can make for all design types of skirts.
A recent college graduate has obtained employment at a major financial institution in the big city. Since she just graduated, she has decided to continue to rent her college apartment in the suburbs and make the daily commute to the big city for work. She currently pays $1,200 per month to rent an apartment in the suburbs. She works at the bank five days a week and it takes her one hour each way to commute from her home to her office. According to the assumptions of the bid-rent model, what should this recent grad be willing to pay in rent per month to live in the big city if her hourly wage rate is $25
Answer:
$2,200
Explanation:
Calculation to determine what should this recent grad be willing to pay in rent per month
First step is to calculate the work days
Using this formula
Work days = 5 days per week x 1 hour to work+ 1 hour from work
Let plug in the formula
Work days = 5 days a week x 2 hours
Work days= 10 hours
The second step is to calculate the monthly commuting in a standard month of 4 weeks
Monthly commuting = 4 x 10 hours
Monthly commuting = 40 hours
Third step is to calculate hourly how much she will be able to maximize
Amount maximize = $25 x 40 hours (commuting hours)
Amount maximize= $1,000
Now let determine The total she will be willing to pay in rent
Rent per month= $1,200 + $1,000
Rent per month=$2,200
Therefore what should this recent grad be willing to pay in rent per month is $2,200
The following information relates to the Stockton Company:Paid note payable$ 150Bought equipment260Depreciation expense500Net income6,000Paid dividends500Issued bonds payable1,100Issued common stock900Sold land2,400What is the net cash provided by financing activities
Answer:
$1,350
Explanation:
Financing Activities are those activities that involve raising capital or debt as well as repayment to holders of such instruments.
Cash flow from financing activities :
Paid note payable ($150)
Paid dividends ($500)
Issued bonds payable $1,100
Issued common stock $900
Net cash provided by financing activities $1,350
therefore,
the net cash provided by financing activities is $1,350
Supply chain management:is based on the concept of just-in-timefocuses on removing scheduling bottlenecks within the companyfocuses on the internal routing of products from raw materials to finished goodsis a complex computerized system for managing resources efficientlyis accurately described by none of the above
Answer:
is based on the concept of just-in-time.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services from the manufacturers to the consumers.
Additionally, all businesses tend to use supply chain management to eliminate waste and maximize value for growth and development.
Hence, supply chain management is based on the concept of just-in-time (JIT) because it is a management framework that is focused on cutting manufacturing costs while increasing efficiency between suppliers and consumers through the use of a proper inventory system.
The Commonwealth of Virginia filed suit in October 2014, against Northern Timber Corporation seeking civil penalties and injunctive relief for violations of environmental laws regulating forest conservation. When the financial statements were issued in 2015, Northern had not reached a settlement with state authorities, but legal counsel advised Northern Timber that it was probable the ultimate settlement would be $1,000,000 in penalties. The following entry was recorded: Loss—litigation ................................................................................................... 1,000,000 Liability—litigation ........................................................................................... 1,000,000 Late in 2016, a settlement was reached with state authorities to pay a total of $600,000 to cover the cost of violations. Required: 1. Prepare any journal entries related to the change. 2. Briefly describe other steps Northern should take to report the change.
Answer:
Northern Timber Corporation
1. Journal entries to record the change:
Debit Litigation Liability $1,000,000
Credit Cash $600,000
Credit Litigation Loss $400,000
To record the payment of the litigation liability and the reduction of litigation loss by $400,000.
2. Northern can restate the 2014 and 2015 Retained Earnings to reflect the change in the litigation loss.
Explanation:
a) Data and Calculations:
Records of probable loss from ultimate settlement:
2014:
Loss—litigation 1,000,000
Liability—litigation 1,000,000
2016:
Agreed settlement = $600,000
Analysis of Entries:
Litigation Liability $1,000,000
Cash $600,000
Litigation Loss $400,000
What is one thing every good career should provide you
Country Alpha has 15 thousand acres of land and 45 thousand laborers, whereas Country Beta has 100 thousand acres of land and 200 thousand laborers. These countries produce a labor-intensive good A, and a land-intensive good B.
Based on the information given, we can conclude that:
If trade opens up between Country Alpha and Country Beta, according to the Heckscher-Ohlin model, Country Beta will export _____ and import _____.
a. both the goods; neither good
b. good B; good A
c. good A; good B
d. neither good; both of the goods
Answer: b. good B; good A
Explanation:
According to the Heckscher-Ohlin model, a country should export the good that is has a relative abundance in and import the good it has relative scarcity in.
Find out labor to land ratio of both countries:
Country Alpha = 45 / 15 = 3
Country Beta = 200 / 100 = 2
Country Alpha has 3 labor units per acre
Country Beta has 2 labor units per acre
Country Alpha therefore has more labor abundance and should export the labor intensive good which is good A which means Country B will import A.
Country Beta should export more land intensive good which is good B.
You're prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 5 percent interest compounded monthly. How many payments will you have made when your account balance reaches $24,391
Answer:
the nper is 57 months
Explanation:
The computation of the time period is given below:
Given that
PMT is $380
RATE = 5% ÷ 12 = 0.416666%
PV = $0
FV = $24,391
The formula is shown below
=NPER(RATE,PMT,FV,PV,TYPE)
After applying the above formula, the nper is 57 months