Answer:
Ainsworth, Inc.
1. Net loss per share for the year ended December 31, 2021:
= $0.211
2. Per share amount of income from continuing operations
= $0.422
3. Comparative Income Statements:
2021 2020
Net income (continuing operations) $240 million $420 million
Net income (including
discontinued operations) ($120 million) $0
Weighted-average common stock shares 558 million 560 million
EPS (continuing operations) $0.43 $0.75
EPS (including discontinued operations) ($0.21) $0
Explanation:
a) Data and Calculations:
December 31, 2020:
Outstanding common stock = 560 million shares
Outstanding 7%, Cumulative non-convertible preferred stock = 15 million shares at $100 par value
April 30, 2021:
Treasury stock purchased = 30 million
June 12, 2021:
5% Common Stock dividend = 26.5 million shares(530 million * 5%)
August 31, 2021:
Treasury stock sold = 12 million
December 31, 2021: Outstanding common stock = 568.5 million
Therefore, net income from continuing operations = $240 million
After-tax loss from discontinued operations = $360 million
December 31, 2021 reported net loss = ($120 million)
1. Net loss per share for the year ended December 31, 2021:
= $120 million/568.5 million = $0.211
2. Per share amount of income from continuing operations = $240 million/568.5 million = $0.422
3. Comparative Income Statements:
2021 2020
Net income (continuing operations) $240 million $420 million
Net income (including
discontinuing operations) ($120 million) $0
Weighted-average common stock shares 558 million 560 million
EPS (continuing operations) $0.43 $0.75
EPS (including discontinued operations) ($0.21) $0
Weighted-average of Common Stock shares:
January 1, 2021: Outstanding 560 million * 12/12 = 560 million
April 30, 2021: Treasury stock 30 million * 8/12 = -20 million
June 12, 2021: Stock dividend 26.5 million *6.5/12 14 million
August 31, 2021: Treasury stock sold 12 million *4/12 4 million
December 31, 2021: Weighted-average outstanding = 558 million
Since a cell phone is a private good, if Neha chooses to spend $300 on a cell phone, Neha would get $300 of benefit from the cell phone and Teresa wouldn't receive any benefit from Neha's choice. If Neha still spends $300 on a cell phone and Teresa chooses to contribute $300 to the public park, Neha would still receive the $270 of benefit from Teresa's generosity. In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of $300 $270
Answer:
In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of:
$570.
Explanation:
Neha has, in this situation, maximized his benefits to the detriment of the public good. This is an illustration of the tragedy of the commons. The tragedy of the common is an economic problem that explains the loss that the society incurs when some persons like Neha neglect to contribute to the common good because they are solely concentrated on pursuing their individual goals for personal gains.
Doug and Sue Click file a joint tax return and decide to itemize their deductions. The Clicks' income for the year consists of $90,000 in salary, $2,000 interest income, and $800 long-term capital loss. The Clicks' expenses for the year consist of $1,500 investment interest expense. Assuming that the Clicks' marginal tax rate is 35 percent, what is the amount of their investment interest expense deduction for the year
Answer:
$1,500
Explanation:
Based on the information given we were told that the expenses for the year was the amount of $1,500 which represent the investment interest expense which simply means that the amount of their INVESTMENT INTEREST EXPENSE deduction for the year will be the amount of $1,500 which is INVESTMENT INTEREST EXPENSE amount.
Therefore the amount of their investment interest expense deduction for the year will be $1,500
Pharma Company produces various medicines in capsule form. At the beginning of the month of March, it had 5,000 units that were 40% complete. These were assigned costs of $150,000. During the month, it completed 55,000 units and has 20,000 units that are 50% completed. It had production costs during the month of $600,000. Complete all five steps of a production report using the weighted average method. Complete all five steps of a production report using the FIFO method.
Answer:
Pharma Company
1. Weighted Average method:
Weighted Average Method:
Equivalent units of production:
Started and completed this period 55,000
Ending WIP 10,000
Total equivalent unit produced = 65,000
Total cost of production:
Beginning WIP = $150,000
Current period 600,000
Total cost = $750,000
Cost per equivalent unit = $11.54 ($750,000/65,000)
Cost assigned to:
Units completed = 55,000 * $11.5385 = $634,617
Ending WIP = 10,000 * $11.5385 = 115,385
Total cost of production = $750,002
Cost Reconciliation:
Beginning WIP = $150,000
Completed units 600,000
Total costs = $750,000
Ending WIP = 115,385
Cost assigned to
production 634,617
2. FIFO method:
Explanation:
a) Data and Calculations:
Units Completion % Cost
Beginning WIP = 5,000 2,000 (40%) $150,000
Current completion (WIP) 3,000 (60%)
Completed 55,000 55,000 (100%) 600,000
Ending WIP 20,000 10,000 (50%)
Weighted Average Method:
Equivalent units of production:
Beginning WIP 3,000
Started and completed this period 55,000
Ending WIP 10,000
Total equivalent unit produced = 68,000
Total cost of production:
Current period 600,000
Cost per equivalent unit = $8.82 ($600,000/68,000)
Cost assigned to:
Beginning WIP =
Units completed
Beginning WIP = $150,000
= 3,000 * $8.82 = $26,460
= 55,000 * $8.82 = 485,100
Ending WIP:
= 10,000 * $8.82 = 88,200
Total cost of production = $749,760
Cost Reconciliation:
Beginning WIP (40%) = $150,000
WIP completed (60%) 26,460
Completed units 485,100
Ending WIP = 88,200
Total cost = $749,760
Dr. Yuan opens a lab. The lab has an initial cost of $100,000. Expected net cash flow is $24,000 in the first year, growing by 15% per year. Net cash flow is revenue less expenses. Assume the lab has a 6 yr life and there is no scrap value for the lab.
Later that same year, Dr. Bhat opens a similar lab in the strip mall less than two miles away from Dr. Yuan. Dr. Yuan estimates her net cash flow in the first year will be considerably less than her initial estimate. She estimates it will be $16,000. All else equal, what happens to the NPV of Dr. Yuan’s lab?
a) The NPV decreases, but is still positive. Dr. Yuan can still expect a positive return on her investment.
b) The IRR decreases, but is still positive. Dr. Yuan can still expect a positive return on her investment.
c) The IRR decreases, and becomes negative. Dr. Yuan should expect a loss on this investment.
d) The IRR and the NPV decrease. Dr. Yuan can still expect a positive return on her investment.
Assume instead that Dr. Yuan forms a partnership with Dr. Bhat. They agree to share the $100,000 cost equally and to share the cash flow equally. Because of efficiency gains from longer operating hours, they expect the net cash flow to be $32,000 per year. Assume they expect net cash flow to grow at 15% per year. What is the consequence of the partnership to Dr. Yuan? Please compare the results to the original scenario described in question 13 (Dr. Yan opening the only lab in the area).
a) The NPV decreases, but is still positive. Dr. Yuan can still expect a positive return on her investment.
b) The NPV decreases, and becomes negative. Dr. Yuan should expect a loss on this investment.
c) The IRR decreases, but is still positive. Dr. Yuan can still expect a positive return on her investment.
d) The IRR and the NPV increase. Dr. Yuan can still expect a positive return on her investment
Answer:
d
d
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
NPV and IRR can be calculated with a financial calculator
Dr Yaun's inital strip mall
Cash flow in year 0 = $-100,000
Cash flow in year 1 = $24,000
Cash flow in year 2 = $24,000 x 1.15
Cash flow in year 3 = $24,000 x 1.15^2
Cash flow in year 4 = $24,000 x 1.15^3
Cash flow in year 5 = $24,000 x 1.15^4
Cash flow in year 6 = $24,000 x 1.15^5
I = 10 %
NPV = $46,718,00
IRR = 22.85%
Similar Strip Mall
Cash flow in year 0 = $-100,000
Cash flow in year 1 = $16,000
Cash flow in year 2 = $16,000 x 1.15
Cash flow in year 3 = $16,000 x 1.15^2
Cash flow in year 4 = $16,000 x 1.15^3
Cash flow in year 5 = $16,000 x 1.15^4
Cash flow in year 6 = $16,000 x 1.15^5
I = 10 %
NPV = $2188
IRR = 9.33%
It can be seen that both the IRR and NPV decreases but still remain positive. So, Dr. Yuan can still expect a positive return on her investment.
The partnership
Cash flow in year 0 = $100,000/ 2 =$-50,000
Cash flow in year 1 = $32,000 / 2
Cash flow in year 2 = ($32,000 x 1.15)/2
Cash flow in year 3 = ($32,000 x 1.15^2)/2
Cash flow in year 4 = ($32,000 x 1.15^3)/2
Cash flow in year 5 = ($32,000 x 1.15^4)/2
Cash flow in year 6 = ($32,000 x 1.15^5)/2
I = 10 %
NPV = $47,812
IRR = 34.49%
It can be seen that the NPV and IRR are both higher when compared with the first scenario
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
To find the IRR 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 IRR button and then press the compute button
A bank receives a deposit for $50,000. If the bank has a 10 percent reserve
requirement, approximately how much money could this initial deposit
eventually add to the economy?
Answer:
$500,000
Explanation:
ap ex
A bank having a 10 percent reserve requirement will add $500,000 to the economy on receiving $50,000 as a initial deposit.
Reserve requirements are the sums of money that a bank must have in reserve in order to cover liabilities in the event of an unexpected withdrawal. Reserve requirements are a technique used by the central bank to influence interest rates by increasing or decreasing the money supply in the economy.
According to the question, reserve requirement is 10%, and the initial deposit is $50,000.
Therefore, $50,000+$50,000×10/100 will result in the money that could be added to the economy, which is $500,000.
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Diversity increases the importance of
Answer:
Diversity increases an organization's capacity to meet the needs of a diverse society.
A diverse workplace reflects the population it serves, making it more effective.
Increasing diversity in the organization leads to greater creativity and gives better results.
You sold a car and accepted a note with the following cash flow stream as your payment. The effective price you received for the car assuming an interest rate of 6.0% is closest to:
Answer:
The right response is "$5986.815".
Explanation:
The given query is incomplete. Please find attachment of the complete query.
The actual price users earn mostly corresponds to the current value of the amount. Throughout cash flows, users get 7000 $, however because of the rate of the interest some must be lowered.
So,
⇒ [tex]PV= (\frac{1000}{1.06} ) + (\frac{2000}{1.06^2}) + (\frac{2000}{1.06^3}) + (\frac{2000}{1.06^4} )[/tex]
⇒ [tex]=943.39+1,779.99+1,679.23+1,584.18[/tex]
⇒ [tex]=5986.815[/tex] ($)
four importance of Engineering
Explanation:
Engineering is a profession in which scientific knowledge and mathematics is used and experimented with to develop ways that benefit mankind, making it extremely important to society for several reasons.
Engineering encompasses a whole range of industries that could include on-site, practical construction work as well as evaluating safety systems from an office
Monet Paints Co. is a newly organized business with a list of accounts arranged in alphabetical order, as follows:
Account Financial Major Possible Account
Statement Classificaton Number
Accounts Payable
Accounts Receivable
Accumulated Depreciation—Office Equipment
Accumulated Depreciation—Store Equipment
Advertising Expense
Cash
Common Stock
Cost of Merchandise Sold
Delivery Expense
Depreciation Expense—Office Equipment
Depreciation Expense—Store Equipment Dividends
Income Summary
Insurance Expense
Interest Expense
Land
Merchandise Inventory
Miscellaneous Administrative Expense
Miscellaneous Selling Expense
Notes Payable
Office Equipment
Office Salaries Expense
Office Supplies
Office Supplies Expense
Prepaid Insurance
Rent Expense
Retained Earnings
Salaries Payable
Sales
Sales Salaries Expense
Store Equipment
Store Supplies
Store Supplies Expense
Assign account numbers and specify whether each account would appear on the balance sheet or income statement order, as illustrated below. Each account number is three digits: the first digit is to indicate the major classification (1 for assets, for example); the second digit is to indicate the subclassification (11 for current assets, for example); and the third digit is to identify the specific account (110 for Cash, 112 for Accounts Receivable, 114 for Merchandise Inventory, etc.).
Answer:
Monet Paints Co.
Financial Major Possible
Statement Classification Account No.
Accounts Payable Balance Sheet Liabilities 211
Accounts Receivable Balance Sheet Assets 112
Accumulated Depreciation
—Office Equipment Balance Sheet Assets (contra) 123
Accumulated Depreciation
—Store Equipment Balance Sheet Assets (contra)
Advertising Expense Income statement Expenses 331
Cash Balance Sheet Assets 110
Common Stock Balance Sheet Equity 401
Cost of Merchandise Sold Income statement Expenses 330
Delivery Expense Income statement Expenses 332
Depreciation Expense Income statement Expenses 333
—Office Equipment
Depreciation Expense Income statement Expenses 334
—Store Equipment Dividends
Income Summary Income statement
Insurance Expense Income statement Expenses 335
Interest Expense Income statement Expenses 336
Land Balance Sheet Assets 121
Merchandise Inventory Balance Sheet Assets 114
Miscellaneous Admin Expense Income statement Expenses 337
Miscellaneous Selling Expense Income statement Expenses 338
Notes Payable Balance Sheet Liabilities 213
Office Equipment Balance Sheet Assets 122
Office Salaries Expense Income statement Expenses 339
Office Supplies Balance Sheet Assets 113
Office Supplies Expense Income statement Expenses 340
Prepaid Insurance Balance Sheet Assets 115
Rent Expense Income statement Expenses 341
Retained Earnings Balance Sheet Equity 403
Salaries Payable Balance Sheet Liabilities 212
Sales Income Statement Revenue 501
Sales Salaries Expense Income Statement Expenses 342
Store Equipment Balance Sheet Assets 123
Store Supplies Balance Sheet Assets 116
Store Supplies Expense Income Statement Expenses 343
Explanation:
Chart of accounts lists of all accounts of Monet Paints Company. The list provides a bird's eye view of every area of the business that generates either expenditure or revenue. The account types which are usually maintained by most companies include Revenue, Expenses, Assets, Liabilities, and Equity. Revenue and expenses are summarized on the income statement, while assets, liabilities, and equity are listed on the balance sheet.
what are the proffesional values
Answer:
The values include “service, access equality, respect, confidentiality and privacy, protection of intellectual property rights, literacy, technical literacy, stewardship, and professional and social obligations”
Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $11,000 of cash and land with an FMV of $56,000. Her basis in the land is $21,000. Andrew contributes equipment with an FMV of $13,000 and a building with an FMV of $34,000. His basis in the equipment is $9,000, and his basis in the building is $21,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew
Answer: $0
Explanation:
There is no gain to be recognized when assets are being transferred between living individuals or entities due to this falling under the Carryover basis.
This carryover basis of the asset will in general, be the same basis as the cost or basis of the asset.
There will therefore be a $0 gain to the SA General Partnership. Gains will be calculated if the partnership wants to dispose of the assets.
During June, Lionel Magazine sold for cash an advertising space for $1200 total to be run in the July through December issues. On that date, the Lionel Magazine Company properly recognized Unearned Revenue. The adjusting entry to record on July 31 for the first month of advertising space includes:
Answer:
Lionel Magazine
The Adjusting Journal Entry to record on July 31 for the first month of the advertising space sold includes a:
Debit to the Unearned Revenue account with $200
and
Credit to Earned Advertising Revenue account with $200
This will reduce the Unearned Revenue account by $200 being the amount for July (one month) and at the same time, increase the Earned Advertising Revenue account by $200.
Explanation:
a) Data and Analysis:
Unearned Revenue $200 Earned Revenue $200 ($1,200/6)
Answer:
Lionel is a resident at a personal care home. A direct care staff person threatened to steal Lionel’s collection of car magazines if he did not socialize with other residents during recreational activities. The threat of stealing Lionel’s magazines is an example of ____________.
Explanation:
Perhaps you think it will be easy to make responsible decisions regarding auto loans in your future . But , decision making can be tricky when you're considering your dream car. Follow the directions on the sheet to complete the activity
Answer:
From this worksheet, I have noticed that following directions to receive your dream car is tricky as well as fun
;)
Fabert Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 16,000 units in its beginning work in process inventory that were 40% complete with respect to conversion costs. An additional 60,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. During the month 65,000 units were completed in the Assembly Department and transferred to the next processing department. There were 11,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month
Answer: 70,500 units
Explanation:
Equivalent units for Conversion = Units completed and transferred out + Equivalent units for closing Work in Process
Equivalent units for closing Work in Process:
= 11,000 * 50%
= 5,500 units
Equivalent units for Conversion = 65,000 + 5,500
= 70,500 units
2. In 2016; the cost of a market basket of goods was $2,000. In 2018, the cost of the same market basket of goods was
$2,100. Use the price index formula to calculate the price index for 2018 if 2016 is the base year. Show your work. 2
pts
Answer:
105
Explanation:
base year = 2016
cost of market basket of goods in base year = $2,000
CPI for base year = 100
year 2018
cost of market basket of goods in 2018 = $2,100
CPI for 2018 = (cost of basket of goods in 2018 / cost of basket of goods in base year) x 100 = ($2,100 / $2,000) x 100 = 105
In year 1, Kelley estimates bad debt expense of $10,000 for financial reporting purposes. The amount of bad debts deductible on the tax return was $2,000. The difference will be deducted on the tax return in the following year. The income tax rate is 40%. What is the balance in the deferred tax asset account at the end of year 1
Answer: $3,200
Explanation:
The following information can be deduced from the question:
Bad debt expense = $10,000
Bad debts deductible on tax return = $2000
Income tax rate = 40%
Therefore, the balance in the deferred tax asset account at the end of year 1 will be calculated thus:
= 40% x ($10,000 - $2,000)
= 0.4 × $8000
= $3,200
The Swenson Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 35,000 pounds Standard price of direct materials $4 per pound Material price variance $7,000 unfavorable Material quantity variance $4,200 favorable The actual price per pound of direct materials purchased in June is:
Answer:
Actual price= $4.2 per pound
Explanation:
Giving the following information:
Actual quantity of direct materials purchased 35,000 pounds
Standard price of direct materials $4 per pound
Material price variance $7,000 unfavorable
To calculate the actual price, we need to use the direct material price variance formula:
Direct material price variance= (standard price - actual price)*actual quantity
-7,000 = (4 - actual price)*35,000
-7,000= 140,000 - 35,000actual price
35,000actual price= 147,000
Actual price= $4.2 per pound
For an organization with a Liabilities to Fund Balance ratio of 1.90, we can conclude that:
a. for every $1 in restricted fund balance, the entity has $1.90 in debt.
b. for every $1 in total fund balance, the entity has $1.90 in debt.
c. for every $1 in unrestricted fund balance, the entity has $1.90 in debt.
d. for every $1 in total assets, the entity has $1.90 in debt.
Answer: b. for every $1 in total fund balance, the entity has $1.90 in debt.
Explanation:
The Liabilities to Fund Balance ratio enables analysts to know the debt load of the fund. It is also known as the Debt to Net Worth ratio and is calculated by the formula:
= Interest - bearing debt / Total Capital
As shown from the formula, if the ratio is 1.90, it means that for every $1 in the total fund balance, the fund has $1.90 in debt.
In 2020, the CEO of Crimson, Inc., entertains 9 clients at a skybox in Memorial Stadium for a single athletic event during the year. Substantive business discussions occurred at various times during the event. The box cost $11,300 per event and seats 11 people. (The cost of a regular, nonluxury box seat at Memorial ranges from $90 to $180.) Refreshments served during the event cost $820 (and were separately itemized on the bill Crimson received).
Required:
How much of these costs may Crimson deduct?
Answer:
The amount of these costs Crimson may deduct is $1,400.
Explanation:
The amount of these costs Crimson may deduct can be calculated as follows:
Costs of refreshments served during the event = $820
Higher of the cost of nonluxury box seat at Memorial = $180
Number of people the box can seat = 11
Costs of the seat = Higher of the cost of nonluxury box seat at Memorial * Number of people the box can seat = $180 * 11 = $1,980
Total cost of entertainment = Costs of refreshments served during the event + Costs of the seat = $820 + $1,980 = $2,800
50% of the total cost of entertainment = $2,800 * 50% = $1,400
Allowable deduction = Total cost of entertainment - Elimination of 50% of the total cost of entertainment = $2,800 - $1,400 = $1,400
Therefore, the amount of these costs Crimson may deduct is $1,400.
Knight Company reports the following costs and expenses in May.
Factory utilities $17,400 Direct labor $73,700
Depreciation on factory equipment 13,950 Sales salaries 47,100
Depreciation on delivery trucks 4,000 Property taxes on
factory building 2,700
Indirect factory labor 51,200 Repairs to office
equipment 1,500
Indirect materials 80,900 Factory repairs 2,660
Direct materials used 141,700 Advertising 17,100
Factory manager’s salary 8,300 Office supplies
used 3,220
From the information, determine the total amount of:
A) Manufacturing overhead.
B) Product costs.
C) Period costs.
Answer:
A. Consider all indirect manufacturing costs
B. Consider all manufacturing costs
C. Consider non manufacturing costs
Explanation:
A) Manufacturing overhead.
Consider all indirect manufacturing costs
B) Product costs.
Consider all manufacturing costs
C) Period costs.
Consider non manufacturing costs
Limerick, Inc. has budgeted total sales for January, February, and March of $800,000, $900,000, and $950,000 respectively. Cash sales are normally 25% of total sales. Of the credit sales, 40% are collected in the same month as the sale, and 60% are collected during the first month after the sale. Compute the amount of cash received from sales during the month of February.
Answer:
$905,000
Explanation:
February Collection will be as follows :
February Collection = Cash Sales + Credit Sales
= $900,000 x 25 % + $900,000 x 40 % + $800,000 x 60 %
= $905,000
the amount of cash received from sales during the month of February is $905,000.
Kaplan Consulting applies overhead to client accounts based on direct labor hours. For the month of October, the company estimated overhead costs to be $9,000 based on estimated direct labor hours of 1,000. The company actually incurred 900 direct labor hours and $7,200 of overhead. If Kaplan uses a normal costing system, how much overhead was applied in October
Answer:
the overhead applied is $8,100
Explanation:
The computation of the overhead applied is shown below:
But before that the predetermined overhead rate is
= $9,000 ÷ 1,000 direct labor hours
= $9 per direct labor hour
Now the applied overhead is
= 900 direct labor hours × $9
= $8,100
Hence, the overhead applied is $8,100
Kathy is an office manager at a growing law firm that specializes in pursuing awards for accident victims. She is assigned as the head of a problem-solving group to decide on where to locate a new, expanded office downtown. A major decision facing the group is whether to rent space in a sleek, new office building or to renovate space in a former factory building. The space in the old factory building would have brick walls and resemble a large loft.
Answer:
Kathy should seek quotes from various rental space providers.
Explanation:
Kathy should make a decision to rent of renovate the building based on cost. The major criteria for decision making is based on the monetary factors. Rent for the new space will be compared with the renovation cost in order to reach to a final decision.
Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 60,700 tons from the Casting Department. During July, the Rolling Department completed 74,500 tons, including 19,300 tons of work in process on July 1. The ending work in process inventory on July 31 was 5,500 tons.
Required:
How many tons were started and completed during July?
Answer:
1092749
Explanation:
the answer came by adding all the value of the equation
A medical center implemented changes in its approach in handling labor and delivery by offering birth rooms that allowed the parents to stay in the same room throughout the entire process. To determine the effectiveness of the goal to increase client satisfaction and decrease postpartum complications, which internal sources should the team prioritize for data collection
Answer:
Patient surveys
Electronic health records
Explanation:
In research, Data collection is a necessary step to take. The main reason for data collection is to carry out study purpose, answer research questions, test hypothesis(es), provide evidence about the area of study anf to test the validity and reliability of study instruments used.
For effectiveness to be known, it is important to know terms closely.
Patient satisfaction can be gathered through the patient survey because patient can give you firsthand information. Postpartum complications can be know by the electronic health records. By assessing the records, you will find more information.
Kieso Company borrowed $740,000 for three months. The annual interest rate on the loan was 9%. Kieso's fiscal year ends on December 31. Kieso borrowed the $740,000 one month prior to the start of its current fiscal year and paid back the $740,000 plus interest two months into its current fiscal year. How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year
Answer:
Last Fiscal Year:
Interest Expense = $5550
Current Fiscal Year:
Interest Expense = $11100
Explanation:
According to the accrual basis of accounting, the expenses and revenues relating to a certain period should be recorded in that particular period whether of not they have been received. The fiscal year of Kieso ends on 31 December and as the loan was taken one month prior to the start of the current fiscal year, it was taken at the start of December of last fiscal year.
This means that the interest expense on loan relating to last December will be charged to the last fiscal year and the interest expense relating to January and February will be charged to the current fiscal year. The interest expense amount will be calculated as follows,
Last Fiscal Year = 740000 * 9% * 1/12 => $5550
Current Fiscal Year = 740000 * 9% * 2/12 => $11100
The foundation of good performance management is and choosing the best method(s) for measuring it. Use your knowledge of the balanced scorecard to answer the following question. The balanced scorecard supports four key components of organizational success. Three of the components are customer perceptions, financial performance, and internal business processes. What is the fourth
Answer:
4th is learning and growth
Explanation:
The balanced scorecard creates a balance in the company through the strategic goals of the organization and they represent four areas that have been identified by the Norton and Kaplan. They are financial perspective, internal business processes, learning and growth along customer precipitation. The fourth component of learning and growth signifies that the company needs to evolve constantly and needs to grow in order to survive.Assume the following information for Windsor Corp. Accounts receivable (beginning balance) $140,000 Allowance for doubtful accounts (beginning balance) 11,490 Net credit sales 938,000 Collections 915,000 Write-offs of accounts receivable 5,900 Collections of accounts previously written off 2,000 Uncollectible accounts are expected to be 7% of the ending balance in accounts receivable.Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer:
Windsor Corp.
Journal Entries:
Debit Accounts Receivable $938,000
Credit Sales Revenue $938,000
To record sales on account.
Debit Cash $915,000
Credit Accounts Receivable $915,000
To record cash collected from customers.
Debit Allowance for Doubtful Accounts $5,900
Credit Accounts Receivable $5,900
To record uncollectible accounts written off.
Debit Accounts Receivable $2,000
Credit Allowance for Doubtful Accounts $2,000
To reinstate previously written off accounts.
Debit Bad Debts Expenses $3,407
Credit Allowance for Doubtful Accounts $3,407
To record bad debts expense and bring the Allowance for doubtful accounts to a balance of $10,997, being 7% of the accounts receivable ending balance.
Explanation:
a) Data and Analysis:
T-accounts:
Accounts receivable
Accounts Titles Debit Credit
Beginning balance $140,000
Sales revenue 938,000
Cash $915,000
Allowance for doubtful a/cs 5,900
Allowance for
doubtful accounts 2,000
Cash 2,000
Balance 157,100
Totals $1,080,000 $1,080,000
Allowance for Doubtful Accounts:
Accounts Titles Debit Credit
Beginning balance $11,490
Accounts receivable 5,900
Accounts receivable 2,000
Bad Debts Expense 3,407
Balance 10,997
Totals $16,897 $16,897
Allowance = $10,997 (7% of $157,100)
a disgruntled customer will tell how many people
Answer:
A dissatisfied customer will tell between 9-15 people about their experience. Around 13% of dissatisfied customers tell more than 20 people. – White House Office of Consumer Affairs. Happy customers who get their issue resolved tell about 4-6 people about their experience.
Explanation:
correct me if I am wrong
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $100,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value. Labor costs would increase $2,000 per year using the gang punch, but raw material costs would decrease $12,000 per year. MARR is 5 %/year.
A. What is the discounted payback period for this investment? Image for Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more effi ______years
B. If the maximum attractive DPBP is 3 years, what is the decision rule for judging the worth of this investment?
C. Should Bailey buy the gang punch based on DPBP?
Answer:
14.2 years
Do not invest
yes
Explanation:
Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows
Cash flow each year = $12,000 - $2,000 = $10,000
Discounted cash flow in year 1 = 10,000 / 1.05 = 9.523.81
Discounted cash flow in year 2 = 10,000 / 1.05^2 = 9,070.29
Discounted cash flow in year 3 = 10,000 / 1.05^3 = 8,638.38
Discounted cash flow in year 4 = 10,000 / 1.05^4 = 8,227.02
Discounted cash flow in year 5 = 10,000 / 1.05^5 = 7,835.26
Discounted cash flow in year 6 = 10,000 / 1.05^6 = 7,462.15
Discounted cash flow in year 7 = 10,000 / 1.05^7 = 7,106.81
Discounted cash flow in year 8 = 10,000 / 1.05^8 = 6,768.39
Discounted cash flow in year 9 = 10,000 / 1.05^9 = 6,446.09
Discounted cash flow in year 10 = 10,000 / 1.05^10 = 6,139.13
Discounted cash flow in year 11 = 10,000 / 1.05^11 = 5846.79
Discounted cash flow in year 12 = 10,000 / 1.05^12 = 5568.37
Discounted cash flow in year 13 = 10,000 / 1.05^13 = 5303.21
Discounted cash flow in year 14 = 10,000 / 1.05^14 =5050.68
Discounted cash flow in year 15 = 10,000 / 1.05^15 = 4810.17
Discounted payback period = [-100,000 + ( discounted cash flows from year 1 to 14) ] + 1013.62/4810.17 = 14.2 years
The cash flows would turn positive between year 14 and 15
If the DPBP is 3 years, the project should not be accepted because the payback period is 14.2 years which is greater than 3 years
Bailey buy the gang punch based on DPBP because the amount invested is recouped with the useful life of the machine