Answer:
The answer is true
Explanation:
People in the Warehousing and Distribution center pathway create safety procedures that employees follow. Thus, the given statement is true.
Why is safety important in warehouses?To assist warehousing staff in ensuring a safe work environment and reinforcing safe behavior while working in warehouses, a collection of legislative rules and industry best practices are known as "warehouse safety." Safety in the warehouse is crucial for preserving both human life and health. In order to keep everyone safe, good safety standards always maintain affordable and durable warehouses.
Accidents and fatalities can be greatly reduced if warehouse safety is given priority. Accidents at work injure the individuals involved, but they also have an impact on their families and coworkers. All employees are required to examine the entire range of implications connected with an occurrence in a safe, productive workplace. Everyone wants to get home safely and in good health at the end of the day.
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A company reports the following: Net income $410,000 Preferred dividends $60,000 Shares of common stock outstanding 50,000 Market price per share of common stock $84 Determine the company's price-earnings ratio (round to one decimal place).
Answer:
12
Explanation:
Calculation to determine Determine the company's price-earnings ratio
First step is to calculate the Earnings per Share
on Common Stock
Earnings per Share
on Common Stock = ($410,000 – $60,000) ÷ $50,000
Earnings per Share on Common Stock = $7
Now let calculate thecompany's price-earnings ratio
Price-Earnings Ratio = $84÷$7
Price-Earnings Ratio = 12
Therefore the company's price-earnings ratio is 12
On January 1, 2020, Oregon Company issued eight-year bonds with a face value of $6,000,000 and a stated interest rate of 6%, payable semiannually onJune 30 and December 31. Determine the issue price of the bonds, assuming the bonds were sold to yield 8% (require use of present value tables):
Answer:
the issue price of the bond is $5,301,360
Explanation:
The computation of the issue price of the bond is shown below/;
= (semiannual interest payment × present value annuity (16,4%)) + (face value × present value factor (4%,16))
= (($6,000,000 × 6% ÷ 2) × 11.652) + ($6,000,000 × .534)
= $2,097,360 + $3,204,000
= $5,301,360
Hence, the issue price of the bond is $5,301,360
A process is in control and centered at nominal. Output from the process is normally distributed and the process capability index, Cp, equals 1.02. Determine the expected number of nonconforming units that will result from a production run of 20,000 units. Assume that all previously stated conditions regarding the process remain as described during the production run of 20,000 units.
Answer:
44 nonconforming units
Explanation:
Calculate The expected number of nonconforming units
Given that :
Cp = 1.02
number of units ( N ) = 20,000
standard deviation of defective units = 3 * 1.02 = 3.06
proportion of defective units = 1 - P ( -3.06 < Z < 3.06)
= 1 - ( 0.9989 - 0.0011 ) = 1 - 0.9978 = 0.0022
Hence the number of nonconforming units
= N * proportion of defective units
= 20,000 * 0.0022 = 44
According to the U.S. Bureau of Labor Statistics, there were 100,800 chefs/head cooks employed in the United States in 2010 and 320,900 food service managers. Those numbers were projected to decrease to 98,800 and 311,000 by 2020. Which job was facing the larger percent decrease
Answer:
Foodservice managers
Explanation:
Considering the data available in the question we have the following:
In 2010 => Chefs / head cooks - 100,800 personnel
In 2010 => Foodservice managers = 320,900 personnel
In 2020 => Chefs/head cooks = 98,800
In 2020 => Foodservice managers = 311,000
The difference in chefs/head cooks = 100,800 - 98,000 = 2,000
While that of Food service managers = 320,900 - 311,000 = 9,900
Hence, percentage for chefs / head cooks = 2000/108900 = 1.98% decrease
Percentage of fold service managers = 9900/320900 = 3.09% decrease.
Hence, in this case, Foodservice managers facing a larger percentage decrease.
A stock price (which pays no dividends) is $48 and the strike price of a two year European put option is $54. The risk-free rate is 3% (continuously compounded). Which of the following is a lower bound for the option such that there are arbitrage opportunities if the price is below the lower bound and no arbitrage opportunities if it is above the lower bound?
A. $4.00.
B. $3.86.
C. $2.86.
D. $0.86.
Answer:
sorry i needed points
Explanation:
In early May 2017, an amendment to the annual budget for 2017 was approved by the city council for inflows and outflows in the Street Improvement Bond Debt Service Fund related to the bond issue. The debt service fund budget amendment provides for estimated other financing sources of $42,000 for the premium on bonds sold, estimated other financing sources of $10,000 for a transfer from the General Fund that will be used to help pay interest due on January 1, 2018, estimated revenues of $28,000 for accrued interest on bonds sold, and appropriations in the amount of the one interest payment of $40,000 to be made during 2017. (The payment that is due on July 1, 2017.)
Required: Record the budget for the Street Improvement Bond Debt Service Fund for year 2017. Budgetary entries have no effect on the government-wide accounting records.
Answer: See explanation
Explanation:
The budget for the Street Improvement Bond Debt Service Fund for year 2017 will be:
Debit: Estimated other financing sources - Premium on bonds = $42000
Debit: Estimated other financing sources - Transfer in - $10000
Debit: Estimated Revenue - Accrued Interest on bonds sold = $28000
Credit: Appropriation = $40000
Credit: Budgetary funds balance = $40000
Claremont Company specializes in selling refurbished copiers. During the month, the company sold 220 copiers for total sales of $836,000. The budget for the month was to sell 215 copiers at an average price of $4,000. The sales price variance for the month was:
Answer:
$44,000 Unfavourable
Explanation:
Given the above information, sales price variance is computed as
= (Actual sales price - Standard/Budgeted sales price) × Actual units sold
Actual sales price = $836,000/220 = $3,800
Standard sales price = $4,000
Actual units sold = 220
= ($3,800 - $4,000) × 220
= $44,000 Unfavourable
The above is unfavourable sales price variance because you can sell the copier at a higher price of $4,000 than the actual price of $3,800
"You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.05 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio?"
Answer: 1.95
Explanation:
The beta for the other stock in the portfolio will be calculated thus:
Portfolio Beta = (BetaA × WeightA) + (BetaB × WeightB) + (BetaC × WeightC)
= (BetaA × 1/3) + (1.05 × 1/3) + (0 × 1/3)
= (BetaA × 1/3) + 0.35 + 0
Beta A = 1-0.35 × 3
Beta A = 0.65 × 3
Beta A = 1.95
Eurocurrency is the euro, the common currency of Europe. is a time deposit of money in an international bank located in a country different from the country that issued the currency. is a demand deposit of money in an international bank located in a country different from the country that issued the currency. is either a time deposit of money in an international bank located in a country different from the country that issued the currency or a demand deposit of money in an international bank located in a country different from the country that issued the currency.
Answer:
is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).
It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).
Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:
Meals where business was conducted $5,000 Greens fees (all business) 500
Tickets to baseball games (all business) 500
Country Club dues (all business use) 6,000
What are the tax-deductible meals and entertainment expenses Grace may claim in the current year? On which tax form should she claim the deduction?
Answer:
any options?
Explanation:
Answer: Schedule C
Explanation:
The Beranek Company, whose stock price is now $30, needs to raise $13 million in common stock. Underwriters have informed the firm's management that they must price the new issue to the public at $25 per share because of signaling effects. The underwriters' compensation will be 6% of the issue price, so Beranek will net $23.50 per share. The firm will also incur expenses in the amount of $165,000. How many shares must the firm sell to net $13 million after underwriting and flotation expenses
Answer:
858,085 shares must be sold
Explanation:
Net amount to be raised $ 13,000,000
Add: floatation expenses 165,000
Amount to be available after
payment of underwriting compensation 20,165,000
No of shares to be issued at 23.50 $ = 20,165,000/23.50 = shares, rounded off to 858,085 shares.
858,085 shares must be sold
Amanda has no credit history. She asks her friend Tricia for advice on how to establish credit history. What is the BEST advice Tricia can give to Amanda?
a) Apply for a home mortgage.
b) Open a bank line of credit.
c) Apply for a gasoline credit card.
d) Actively use a debit card.
The advice i will give to Amanda is to apply for a gasoline credit card because it will automatically create a credit history for her.
What is Credit history?A Credit history means the overall transaction done relating to use of one's credit card.
Having or obtaining any credit card helps to build a credit base if one do not have a credit history.
Hence, the best advice i will give to Amanda is to apply for a gasoline credit card because it will automatically create a credit history for her.
Therefore, the Option C is correct.
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Answer:apply for gasoline credit card
Explanation:
Crane and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10900 units of ending work in process at 80% completion and 31600 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period?
Answer:
the equivalent units for the conversion cost is 29,420 units
Explanation:
The computation of the equivalent units for the conversion cost is shown below:
= units completed + ending inventory units
= (31,600 units - 10,900 units) + 80% of 10,900 units
= 20,700 units + 8,720 units
= 29,420 units
hence, the equivalent units for the conversion cost is 29,420 units
_____________ planning focuses on delivering products or services to consumers as well as warehousing, delivering, invoicing, and payment collection.
Answer:
Distribution
Explanation:
Distribution is one of the phases in production. It is often said that production is not complete until goods and services gets to the final consumers. Distribution planning entails getting the goods produced to consumers as well as warehousing them. It also entails delivery, invoicing and payment collections.
As the last chain in production processes, distribution planning makes goods and services produced gets to the final consumes whilst also taking care of the logistics involved and payment collections.
You invest $100 in a risky asset with an expected rate of return of 0.12 and a standard deviation of 0.15 and a T-bill with a rate of return of 0.05. What percentages of your money must be invested in the risk-free asset and the risky asset, respectively, to form a portfolio with a standard deviation of 0.09?
Answer:
The answer is "[tex]60\% \ in \ risky \ asset[/tex]"
Explanation:
[tex]\to 0.09 = x(0.15)\\\\\to x=\frac{0.09}{0.15}\\\\\to x=\frac{9}{15}\\\\\to x= 0.6[/tex]
[tex]\to x = 0.6 \approx 60\%[/tex] in the risky asset.
In the market for Rolexianish luxury watches, consumers cannot tell the difference between high-quality and low-quality movement watches. Even though the two types of watches look the exact same, the performance of low-quality movement watches is much worse than that of high-quality movement watches. Buyers value a high-quality movement watch at $10,000 and a low-quality movement watch at $8,000. Recently, the FBWI (Federal Bureau of Watch Investigators) conducted to study and determined that 40% of watches in the market are high-quality movement, while 60% are low-quality movement. Note: Assume there are no consumer protection laws or outside rating agencies. When buying a watch, there is no way to know if it is high or low quality.
A. What is a buyer’s expected value of a luxury watch?
B. If sellers of high-quality watches have a reservation price of $8,000 and sellers of low- quality watches have a reservation price of $6,500, what happens in this market? Are there any equity(fairnesss) implications? Explain.
C. If sellers of high-quality watches have a reservation price of $9,000 and sellers of low quality watches have a reservation price of $7,500, what happens in this market? Are there any equity(fairness) implications? Explain.
D. Screening is an important tool when asymmetric information is present. Assume you’re in the market for a high-quality watch and the sellers’ reservation prices are $6,000 for a low-quality watch and $10,000 for a high-quality watch (and you, as the buyer, know these reservation prices). Can you screen out the low-quality watches by offering $6,000 and when the owner turns you down, you know she’s selling a high-quality watch? Will that work? Explain.
Answer:
the answer is b i just took the test got 100
Explanation:
gas company discovers that there is gas being consumed at an address that has no account and no record of a meter. The last record of an account at the address was 14 years ago. John Doe is living at the address. YYZ sues Mr, Doe and wins. of action was:a
Answer:
Quasi contract and unjust enrichment
Explanation:
The correct answer to the given question is Quasi contract and unjust enrichment.
Quasi contract is when no agreement is formed but a party is liable to the other.
Unjust enrichment is that a party benefits from the expense to the other party when there is no such agreement. which is unjust and the party who benefits is held liable.
Turrubiates Corporation makes a product that uses a material with the following standards:
Standard quantity 7.7 liters per unit
Standard price $ 2.20 per liter
Standard cost $ 7.70 per unit
The company budgeted for production of 3,500 units in April, but actual production was 3,600 units. The company used 28,400 liters of direct material to produce this output. The company purchased 19,800 liters of the direct material at $2.3 per liter.
The direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for April is:__________
a. $1,564 U
b. $1,496 U
c. $1,564 F
d. $1,496 F
The Federal Open Market Committee a. by law must focus on maintaining low inflation rather than stabilizing output. b. by law must follow a mechanical rule that takes into account deviations of unemployment from its natural rate and deviations of inflation from a target. c. operates with almost complete discretion over monetary policy. d. by law must focus on stabilizing output rather than maintaining low inflation.
Answer:
c. operates with almost complete discretion over monetary policy.
Explanation:
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
The FOMC are typically responsible for making monetary policy and the determination of the direction of the monetary policy in the United States of America.
Hence, the Federal Open Market Committee (FOMC) are saddled with the responsibility to operate with almost complete discretion of its members over monetary policy in a particular country.
A large computer software firm promised a client that it could deliver a new operating system on a tight deadline and put Keith in charge of the project. Which best explains why Keith qualifies for such a position?
a) He has a deep understanding of operating systems, is creative, works well with others, and can break down large projects into small pieces.
b) He is a good communicator and motivator, can keep a secret when dealing with confidential material, and can quickly learn about operating systems.
c) He has a deep understanding of network systems, is a problem solver who can make decisions on his own, and stays focused when working alone.
d) He has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
Answer:
d) He has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
Explanation:
For a large computer software company on a tight deadline who puts Keith in charge of the project, the best explanation as to why Keith is qualified for the job is that he has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
This skill is necessary to complete a job such s this successfully and on time without extra delays
Answer:
d) He has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
Explanation:
For a large computer software company on a tight deadline who puts Keith in charge of the project, the best explanation as to why Keith is qualified for the job is that he has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
This skill is necessary to complete a job such s this successfully and on time without extra delays
Explanation:
THESE ARE TRUE OR FALSE!! PLEASE HELP ASAP!!
1. Human resources are not very important in the production of goods.
2. There are over 120 million people employed in our work force.
3. A high school education and special training are no longer important in our work force.
4. There is only one major type of industry today: service-producing.
5. Most white-collar workers are employed in offices and stores.
6. Computers and information technology have little effect on blue-collar workers.
7. The demand for factors of production affects the availability of jobs.
8. Stages of the business cycle affect job opportunities.
9. The need for businesses to remain profitable and competitive has led to downsizing.
10. Immigrants have had little effect on our work force and economy until recent years.
Answer:
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. TRUE (I think)
6. TRUE
7. TRUE
8. TRUE
9. FALSE
10. FALSE
Both Bond Bill and Bond Ted have 6.2 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 5 years to maturity, whereas Bond Ted has 25 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Bill? Of Bond Ted? Both bonds have a par value of $1000. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Bill be then? Of Bond Ted? Illustrate your answers by graphing bond prices versus YTM. What does this problem tell you about the interest rate risk of longer-term bonds?
Answer:
a-1. Percentage change in the price of Bond Bill = -8.07%
a-2. Percentage change in the price of Bond Ted = -21.12%
b-1. Percentage change in the price of Bond Bill = 8.94%
b-1. Percentage change in the price of Bond Ted = 30.77%
c. See the attached excel file for the graph.
d. It tells us that the longer the term of a bond, the greater will be its interest rate risk.
Explanation:
The price of each bond can be calculated using the following excel function:
Bond price = -PV(YTM, NPER, PMT, FV) ........... (1)
Where;
a-1. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Bill?
YTM = (6.2% + 2%) / Number of semiannuals in a year = 8.2% / 2 = 4.1%
NPER = Number of semiannuals to maturity = 5 * 2 = 10
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Bill = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Bill = -PV(4.1%, 10, 31, 1000)
Inputting =-PV(4.1%, 10, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Bill = $919.29
Percentage change in the price of Bond Bill = ((New price of Bond Bill - Initial price of Bond Bill) / Initial price of Bond Bill) * 100 = (($919.29 - $1,000) / $1,000) * 100 = -8.07%
a-2. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Ted?
YTM = (6.2% + 2%) / Number of semiannuals in a year = 8.2% / 2 = 4.1%
NPER = Number of semiannuals to maturity = 25 * 2 = 50
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Ted = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Ted = -PV(4.1%, 50, 31, 1000)
Inputting =-PV(4.1%, 50, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Ted = $788.81
Percentage change in the price of Bond Ted = ((New price of Bond Ted - Initial price of Bond Bill Ted) / Initial price of Bond Ted) * 100 = (($788.81 - $1,000) / $1,000) * 100 = -21.12%
b-1. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Bill be then?
YTM = (6.2% - 2%) / Number of semiannuals in a year = 4.2% / 2 = 2.1%
NPER = Number of semiannuals to maturity = 5 * 2 = 10
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Bill = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Bill = -PV(2.1%, 10, 31, 1000)
Inputting =-PV(2.1%, 10, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Bill = $1,089.36
Percentage change in the price of Bond Bill = ((New price of Bond Bill - Initial price of Bond Bill) / Initial price of Bond Bill) * 100 = (($1,089.36 - $1,000) / $1,000) * 100 = 8.94%
b-2. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Ted be then?
rate = new YTM = (6.2% - 2%) / Number of semiannuals in a year = 4.2% / 2 = 2.1%
NPER = Number of semiannuals to maturity = 25 * 2 = 50
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Ted = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Ted = -PV(2.1%, 50, 31, 1000)
Inputting =-PV(2.1%, 50, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Ted = $1,307.73
Percentage change in the price of Bond Ted = ((New price of Bond Ted - Initial price of Bond Bill Ted) / Initial price of Bond Ted) * 100 = (($1,307.73 - $1,000) / $1,000) * 100 = 30.77%
c. Illustrate your answers by graphing bond prices versus YTM.
Note: See the attached excel file for the graph.
d. What does this problem tell you about the interest rate risk of longer-term bonds?
It tells us that the longer the term of a bond, the greater will be its interest rate risk.
Which of these is an example of a labor law? O A. A restriction of the number of hours 16-year-olds can work
OB. A regulation against price fixing
OC. A limitation on the import of certain goods OD. Arequirement that products be tested for safety
Answer:
O A.
Explanation:
It says labor law..
O B.Talks about price fixing
O C.Talks about import of goods
O D.Talks about products being tested for safety
Labor law means working someone for a certain amount of hours or not paying them for the amount of hours worked.
Answer:
Explanation:
A restriction of the number of hours 16-year-olds can work
These are selected 2022 transactions for Kingbird Corporation. Jan. 1 Purchased a copyright for $126,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $56,400. Sept. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events.
Answer:
Dec. 31
Dr Amortization Expense $21,000
Cr Copyright $21,000
Dec. 31
Dr Amortization Expense $11,750
Cr Patent $11,750
Dec. 31
No entry
Explanation:
Preparation of all adjusting entries at December 31 to record amortization required by the events.
Dec. 31
Dr Amortization Expense $21,000
Cr Copyright $21,000
($126,000/6)
(To record amortization of copyright)
Dec. 31
Dr Amortization Expense $11,750
Cr Patent $11,750
(To record amortization of patent)
Dec. 31
No entry
(To record amortization of goodwill)
Calculation for 2020 amortization
First step is to calculate the Annual amortization
Annual amortization = $56,400/4
Annual amortization= $14,100
Now let calculate 2020 amortization
2020 amortization = $14,100 x 10/12
2020 amortization= $11,750
On January 2, 2019, Denny Corp. enters into five-year finance lease for machinery with annual year-end payments of $15,000. The present value of the six annual lease payments is $65,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
Instead of Right of use asset, machinery account can alternatively be used.
Date General Journal Debit Credit
Jan 2 Right of use asset $65,000
Lease Liability $65,000
(To record lease)
During year 4, King Company made the following expenditures relating to its plant building: Continuing and frequent repairs $40,000 Repainted the plant building 10,000 Major improvements to the electrical wiring system 32,000 Partial replacement of roof tiles 14,000 How much should be charged to repair and maintenance expense in year 4
Answer: $64000
Explanation:
The amount that should be charged to the repair and maintenance expense in year 4 will be calculated thus:
Continuing and frequent repairs = $40,000
Add: Repainted the plant building = $10,000
Add: Partial replacement of roof tiles = $14,000
Repair and maintenance expense = $64,000
These transactions took place for Kingbird, Inc. 2016 May 1 Received a $3,000, 12-month, 6% note in exchange for an outstanding account receivable from R. Stoney. Dec. 31 Accrued interest revenue on the R. Stoney note. 2017 May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2016.)
Requird:
a. Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31.
b. Record journal entries in the order presented in the problem.)
Answer:Please see Explanation column for answers
Explanation:
The journal entry To record note received for accounts receivable.
Date Account Title $ Explanation Debit ($) Credit ($)
May 1, 2016 Note receivable 3,000
Accounts receivable - R. Stoney 3,000
The journal entry To record Interest accrued
Date Account Title $ Explanation Debit ($) Credit ($)
Dec 31, 2016 Interest receivable 120
Interest revenue 120
Calculation:
Interest receivable = Note amount x Interest rate x (Number of months from May 1, 2016 to December 31, 2016 / Number of months in a year)
= $3,000 x 6% x (8 / 12) = $120
The journal entry To record principal plus interest on the R. Stoney note.
Date Account Title $ Explanation Debit ($) Credit ($)
May 1, 2017 Cash 3,180
Note receivable 3,000
Interest receivable 120
Interest revenue 60
Calculation:
Interest revenue = Principal x Interest rate x (Number of months from January 1, 2017 to April 30, 2017 / Number of months in a year)
= $3,000 x 6% x (4 / 12) = $60
Bill's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking to take over as the market share leader in the segment. Without sacrificing contribution margin, what can the Bill product manager do in order to improve upon the buying criteria, and thus potentially increase demand
Answer:
Raise the marketing spend to raise visibility.
Explanation:
In simple words, the best way for the company to hold their position in the market is to strengthen their customer base and this can be done by performing more promotion. By doing so, they can attract more people to use their product and the new company will have to try harder to capture the market.
Thus, the best option for the company is to raise promotional activities.
Logan Company can sell all of the standard and premier products they can produce, but it has limited production capacity. It can produce 6 standard units per hour or 5 premier units per hour, and it has 39,000 production hours available. Contribution margin per unit is $21 for the standard product and $25 for the premier product. What is the most profitable sales mix for Logan Company
Answer:
234,000 standard units
Explanation:
Standard unit Premier unit
Contribution margin per unit $25 $21
Production hour per unit 1/6 1/5
Contribution margin per production hour $150 $105
Contribution margin per production hour is higher for standard units, hence Logan company should produce standard units.
Total production hours available = 39,000
Production per hour of standard unit = 6
Maximum production of standard units = Total production hours available * Production per hour of standard unit
Maximum production of standard units = 39,000 * 6
Maximum production of standard units = 234,000
g Segmented Markets Theory of the Yield Curve A. Notes or bonds of different maturities are not substitutes for each other B. Notes or bonds of different maturities are substitutes for each other C. Notes or bonds of different maturities are inversions of each other D. Explains why the yield curve is normally downward sloping
Answer:
A
Explanation:
The segmented Markets Theory of the Yield Curve is a traditional theory explaining the term structure of interest rates
According to the theory, the yield curve is divided into different maturities and investors determine the yield curve by their demand and supply for funds of different maturities.
Each maturity is viewed as a segmented market in which the yield is determined independently from the yields of other maturities
The theory assumes that investors are unwilling or unable to invest in other securities than that with their preferred maturity. As a result, the yield of securities in a maturity is determined only by the demand and supply of funds in that maturity. It also implies that Notes or bonds of different maturities are not substitutes for each other