Pick a well-known business organization that has received recent press coverage and that provides its annual reports at its Web site. From the information in the articles and annual reports, answer these questions: 1. What is(are) the main industry(ies) in which the company competes ?

Answer:

Jackson Company

Calculation of the Depreciation for each year:

a) Using the double-declining-balance (DDB) method of depreciation:

1st year, the depreciation charge = $59,200 ($236,800 x 25%)

2nd year, the depreciation charge = $44,400 ($236,800 - 59,200) x 25%

3rd year, the depreciation charge = $33,300 ($236,800 - 103,600) x 25%

4th year, the depreciation charge = $24,975 ($236,800 - 136,900) x 25%

5th year, the usage of  straight-line method commences:

Depreciation charge = $58,100/4 = $14,525

6th year, depreciation charge = $14,525

7th year, depreciation charge = $14,525

8th year, depreciation charge = $14,525

Explanation:

a) Asset's recognized cost:

Purchase price       $220,000

Freight charges            6,800

Installation charges    10,000

Total cost =            $236,800

b) Useful life = 8 years, with salvage value of $50,125.

c) Double-declining balance depreciation rate = 25% (100/8 * 2)

d) Accumulated Depreciation at the end of:

1st year = $59,200

2nd year = $103,600 ($59,200 + 44,400)

3rd year = $136,900 ($103,600 + 33,300)

4th year = $128,575 ($136,900 + 24,975)

5th year = $143,100 ($128,575 + 14,525)

6th year = $157,625 ($143,100 + 14,525)

7th year = $172,150 ($157,625 + 14,525)

8th year = $186,675 ($172,150 + 14,525)

e) Book value of asset at the end of the fourth year:

Cost = $236,800

Accumulated depreciation $128,575

Book value = $108,225

Salvage value = $50,125

Straight-line depreciable amount  = $58,100

f) The double-declining-balance depreciation method is an accelerated depreciation method that expenses the cost of an asset more rapidly by multiplying the straight-line method's rate by 2 and applying this rate on the reducing balance.  On the other hand, the straight-line depreciation method uses the same amount of depreciation each year over an asset's useful life.  The double-declining balance method does not take into consideration the salvage value unlike the straight-line depreciation method until towards the end of the useful life of the asset.

Answer:

Ronald, the Librarian

What Ronald is doing "is an illustration of" Networking in practise.

Explanation:

According to investopedia.com, "Networking is the exchange of information and ideas among people with a common profession or special interest, usually in an informal social setting.  Networking often begins with a single point of common ground."

The advantages of networking include, strengthening connections through information sharing, acquisition of fresh ideas, knowledge, and perspectives, avenue for career advancement and access to job opportunities, and the reception of career advice and support.  It also builds one's confidence through the process of interaction with more knowledgeable professionals.  Those who seek, find.  And "iron sharpens iron," as people rob minds.

Networking also helps to develop and improve skill set, stay on top of the latest trends in your industry, keep a pulse on the job market, meet prospective mentors, partners, and clients, and gain access to the necessary resources that will foster your career development.

Answer:

The interest expense of $59,463  must be recognize on its 2020 income statement.

Explanation:

With the given data make an amortization schedule

Hint : First determine the Future Value of the  5-year note

PV = $750,000

N = 5

Pmt = - $195,327

P/yr = 1

i = 9.5%

Fv = 0

Input the elements in a Financial Calculator.

2019

interest expense = $71,250

2020

interest expense = $59,463

Conclusion :

The interest expense of $59,463  must be recognize on its 2020 income statement.

Answer:

d. net income

Explanation:

The formula to compute the return on assets is as follows

Return on assets = Net income ÷ Total assets

Or

Return on assets = Net income ÷ Average of total assets

As the case maybe

By dividing the net income from the total assets or average of total assets we can get the return on assets and the same is to be considered

hence, the correct option is d. net income

Answer:

This would make the rubble more attractive than the euro when investing.

Explanation: The effects of this increase in interest rate, is it would make it more expensive when planning on borrowing money in Russia. Which would make the rubble more attractive than the euro from an investors or investment part, as more money can be made when euro is converted back to rubble. This would help drive up the cost of rubble.

Answer:

D) not liable.

Explanation:

Duty of Care is the legal expectation from individuals and businesses in the course of discharging their duties, not to engage in conduct that could be foreseen to predispose others to danger or harm. The Duty of Accounting or accounting responsibility requires an accurate record of transactions.  Liability implies being legally answerable. In business transactions, businessmen owe it to their customers to provide their services and products in the best possible way so as to prevent causing harm to them. Employees also owe it to the organization they work for to discharge their duties carefully to avoid causing them loss.

Blythe's honest error in overestimating the value of a particular stock purchase is a mistake that anyone can make and can be easily corrected. Her company would not go the long route of taking her to court over such a mistake. Therefore, Blythe is not liable to her company.

Answer:

$7.70 per unit

Explanation:

For computing the overhead rate per unit we first need to compute the estimated amount which is as follows

Total manufacturing cost

= Department 1 + department 2

= $31,41,500.00 + $15,71,000.00

= $47,12,500.00

Total machine hours

= Department 1 + department 2

= 267,000 MH + 192,000 MH

= 459000 MH

Now predetermined overhead rate is

= Total manufacturing cost ÷ Total machine hours

= $4,712,500 ÷ 459,000 MHs

= $10.27 per MH

Now overhead per unit is

= Pre-determined overhead rate per MH × Machine Hours required per unit

= $10.27 per MH × 0.75 MHs per unit

= $7.70 per unit

This is the answer but the same is not provided in the given options

Answer:

A. Compared with the firm's 12 percent cost of capital, Project W has a_______expected return.

1. Project X has a______expected return.

2. Project Y has a_______expected return

3. Project Z has a______expected return.

B. Project W should be_______.

1. Project X should be______.

2. Project Y should be_______.

3. Project Z should be_______.

c. If the firm's overall cost of capital were used as a hurdle rate, Project W would be_______.

1. Project X would be______.

2. Project Y would be_______.

3. Project Z would be________.

Explanation:

Project    Beta     IRR         expected return

W             .62      9.2%       = 5% + (0.62 x 7%) = 9.34%

X              .77      10.3 %     = 5% + (0.77 x 7%) = 10.39%

Y            1.27       14.1 %      = 5% + (1.27 x 7%) = 13.89%

Z            1.42       17.0%     = 5% + (1.42 x 7%) = 14.94%

A. Compared with the firm's 12 percent cost of capital, Project W has a expected lower return 1 is lower, 2 is higher, 3 is higher.  B. Project W should be rejected, 1 is rejected, 2 is accepted and 3 is accepted.  C. Project W would be correctly rejected, 1 is correctly rejected,  2 is correctly accepted and 3 is correctly rejected.  The correct options are A is a, 1 is b, 2 is b, 3 is a, B is b, 1 is b, 2 is a, 3 is a and C is c, 1 is c, 2 is b and 3 is b.

The cost of capital is a company's computation of the minimal return required to justify embarking on a capital budgeting project, like building a new plant.

Analysts and investors use the term cost of capital interchangeably, but it always refers to whether the expense of a proposed choice can be justified. Investors may also use the phrase to describe an assessment of an investment's prospective return in proportion to its cost and hazards.

Learn more about capital, here:

https://brainly.com/question/29489546

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Answer:

partial measure

Explanation:

Based on the information provided it can be said that the kind of productivity measure that can be used would be a partial measure. Partial Productivity measure relates output to a single input unit. For example, capital productivity deals with output per unit of capital while energy productivity relates output per joule of energy used. In this scenario, we would need labor productivity which is output per hour worked.

Answer: 1. a. Liquidity Ratios

b. Activity Ratios

c. Financial Ratios

d. Profitability Ratios

e. Market Value Ratios

2. A. Seasonal factors can distort data

B. Window dressing might be in effect.

Explanation:

a. Liquidity Ratios give the company an idea of it's ability to access hard currency. Examples include the Current ratio and the Quick ratio.

b. Activity Ratios allows stakeholders know how efficient the company is at running daily operations. Examples include; Receivables Turnover and Asset Turnover ratios.

c. Financial Ratios are very important to the company as they can decide if a company will be able to get loans. They include ratios that measure the firm's ability to pay off debt as well as the overall condition of the firm in terms of it's finances.

Examples include; Net Profit Margin and Debt to Asset ratio.

d. Profitability Ratios

These help ascertain the ability of the business to make returns based on its resources. Examples include Return on Assets and Return on Equity.

e. Market Value Ratio

These essentially help the company and other stake holders know what the company is worth in the market. An example is the Book Value per Share ratio.

2. Seasonal Factors may indeed distort data depending on the type of industry that the firm is into and ratios will usually not show this. For instance, an Ice Cream company will not have strong sales in winter so when interpreting ratio analysis it would be important to note that this could happen.

Another weakness is that ratios are calculated based on the figures that are given by a company. These figures may not truly reflect the actual situation of the company when management supply more optimistic figures than is true. This is called Window Dressing.

It will have the effect of distorting the ratios so that they do not represent a true representation of the actual situation of the company.

Answer:

$27,220

Explanation:

Cost of the truck includes : Cash price + sales tax + motor vehicle license + painting and lettering

accident insurance would not be added because its a revenue expenditure as it will reoccur after a year.

$23,030 + $670 + $2,140 + $1,380 = $27,220

I hope my answer helps you

Answer:

$27,220

Explanation:

From the question above Crane company incurs the following expenditures in purchasing a truck

Cash price = $23,030

Accident insurance during use= $1,690

Sales tax= $1,380

Motor vehicle license= $670

Painting and lettering= $2,140

Therefore, the cost of the truck can be calculated as follows

= $23,030+$1,380+$670+$2,140

= $27,220

The accident insurance is not added to find the cost of the truck because it doesn't add any value and can happen again the following year.

Hence the cost of the truck is $27,220

Answer:

The answer is 11.25%

Explanation:

Solution

Given that:

The next step to take is to calculate the required rate of return which is shown below:

The required rate = D₁/P₀₀ + g

Thus,

$1.68/$32 + 0.06%

=0.0525 + 0.06

=0.1125 or 11.25%

Therefore, the required rate of return is 11.25%

Answer:

The cash payback period is 3.5 years. The answer is True.

Explanation:

According to the given data we have the following:

Year Cash flows Cumulative Cash flows

0           (90,000)         (90,000)

1            36,000          (54,000)

2            30,000        (24,000)

3            18,000                 (6000)

4            12000               6000

5             6000             12,000

To calculate the cash payback period we use the following formula:

Payback period=Last period with a negative cumulative cash flow+(Absolute value of cumulative cash flows at that period/Cash flow after that period).

Payback period=3+($6,000/$12,000)

Payback period=3.5 years

The cash payback period is 3.5 years. True

Answer:

210 hours

Explanation:

The learning curve rate can be found by log75%

Ln0.75 = 0.12249

1 batch requires 200 hours

The 1500 units batch will require 200 hours

For 3000 units there will be two batches of 1500 units each

200 hours * 2 batches * 0.12249 * 4.5 = 210 hours

Answer:

a. Journal Entries for 2015:

Debit Income Tax Expense $40,000

Credit Income Tax Payable $34,000

Credit Deferred Tax Liability $6,000

To record the income tax for the year.

b. Journal Entries for 2016:

Debit Income Tax Expense $66,000

Debit Deferred Tax Asset $2,000

Credit Income Tax Payable $68,000

To record the income tax for the year.

c. Journal Entries for 2017:

Debit Income Tax Expense $54,000

Credit Income Tax Payable $44,000

Credit Deferred Tax Liability $10,000

To record income tax for the year.

d. Journal Entries for 2018:

Debit Income Tax Expense $46,000

Debit Income Tax Payable $56,000

Credit Deferred Tax Asset $10,000

To record income tax for the year.

NB: There is confusion with the years in the question.  So, I decided to give the journal entries for the four years.

Explanation:

 a)            Service      Collections       Pre-tax             Tax        Temporary

               Revenue                         Accounting        Income    Differences

                                                           Income  

2015      $560,000    $545,000     $100,000        $85,000     ($15,000)

2016        660,000      665,000        165,000         170,000          5,000

2017        625,000      600,000        135,000          110,000      (25,000)

2018        610,000       635,000        115,000         140,000       25,000

b)             Accounting                       Tax               Temporary Differences

           Income         Tax          Income    Tax           Income    Deferred Tax

2015  $100,000    $40,000   $85,000   $34,000  ($15,000)    ($6,000) L

2016    165,000      66,000    170,000     68,000       5,000         2,000 A

2017    135,000      54,000     110,000     44,000    (25,000)     (10,000) L

2018    115,000     46,000      140,000   56,000      25,000     (10,000) A

c) The temporary difference between taxes as per accounting income and taxes as per tax regulation is recorded in the books through Deferred tax asset or deferred tax liability. When accounting income is more than tax income it would imply more taxes need to be paid in future, so a deferred tax liability account is created.

d) Tax Computations: The prevalent tax rate of 40% is multiplied with the pre-tax accounting income, the pre-tax taxable income, and the temporary differences in income respectively to obtain their respective taxes.   Ordinarily, the differences in the tax amounts of accounting income and taxable income is deferred tax asset/liability.  The deferred tax asset and liability can still be obtained separately as we have done in this case.  They give the same results.

Answer: exploit a positive deviation and correct a negative deviation

Explanation:

A planning gap is the difference that occurs in revenue or profits gap when current strategies are not changed. The gap analysis can help in the identification of gaps in the market. Therefore, when an organization compares its forecast profits to the company's desired profits, the planning gap will be shown.

When the actual results are lesser than the planned result, the organization would have to fill the gap with a marketing program which has been revised and sometime with new goals. Therefore, the firm can then decide whether to exploit wither a positive deviation and correct a negative deviation.

Answer: $12,900

Explanation:

From the question, we are told that Tom is talking to his friend Bob, who has an interest in Freedom, LLC, about buying his LLC interest. Bob's outside basis in Freedom, LLC, is $7,000 which includes his $1,900 one-fourth share of the LLC's debt. Bob's 704(b) capital account is $14,000. We are further told that Tom bought Bob's LLC interest for $11,000.

Tom's outside basis be in Freedom, LLC will be the amount that he paid for Bob's LLC interest plus the share of LLC’s debt. This will be:

= $11,000 + $1,900

= $12,900

Answer:

The answer is (a) False (b) False (c) True

Explanation:

Solution

(a)Businesses that do not acquire a differentiation,focus strategy, or  low-cost leadership, is liable to be more successful than businesses that do adopt these strategies - False because Companies or business does not necessarily need to adopt differentiation methods or low cost leadership, they might have their own market strategy to succeed.

(b) Employee abilities to develop innovative products are important for companies that use a low-cost leadership strategy - False .

(c) Companies that use a focus strategy have narrow buyer groups -Focus strategy : This strategy is used when a company knows its segment and has products that can competitively satisfies its needs.In this case it is true.

Answer:

A

Explanation:

must be in writing

hope it helps

Answer:

PV= $29,454.44

Explanation:

Giving the following information:

Cash flow= $3,000

Number of years= 20

Interest rate= 6%

Growth rate= 2%

To simplify calculations, we will sum the growing rate to the interest rate.

Real interest rate= 8%

To determine the present value, first, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {3,000*[(1.08^20)-1]} / 0.08

FV= $137,285.893

Now, the present value:

PV= FV/(1+i)^n

PV= 137,285.893/1.08^20

PV= $29,454.44

Answer:

Externality

Explanation:

An externality is a loss or benefit generated by a producer not caused or earned directly by the producer. An externality may be positive or negative , and may result whether from the production or consumption of a product or service

Therefore in the given situation, it is mentioned that the two transaction effect between the person with respect to the third party that is not agreed for the transaction i.e to carrying out So this situation describes externality

Answer:

Helmets   $  1,944

Bats          $ 2,204

Shoes       $ 4,750

Uniforms  $ 2,000

Explanation:

We will compare between the cost and the proceeds from sale of the units. As accounting wants to represent reality it cannot value the company goods higher than it can acceess to it in the market regardless of the purchase cost.

This may generate losses to represent the decrease in the overall value of the good.

Helmets 36 $ 58 $ 54

Helmets cost is higher than market so we recognize a loss an valued at $54

36 units x $54 = $1,944

Bats 29 $76 $82

Bats productions cost is lower so we keep it.

29 units x $76 = $2,204

Shoes 50 $95 $99

Shoes also has a lower production cost

50 units x $95 = $4,750

Uniforms 54 $40 $40

As they are the same we just leave with $40

50 units x $40 = $2000

Answer:

If the company buys the units, income will decrease by $1,000.-

Explanation:

Giving the following information:

Direct materials $54.00

Direct labor 35.00

Variable overhead 40.00

Crayola Technologies Inc. has contacted Rubium with an offer to sell 6,000 of the subassemblies for $144.00 each. Rubium will eliminate $89,000 of fixed overhead if it accepts the proposal.

First, we need to determine the total cost of making the units:

Total cost= total variable costs + avoidable fixed costs

Total costs= (54 + 35 + 40)*6,000 + 89,000= $863,000

Now, the cost of buying:

Total cost= 6,000*144= $864,000

If the company buys the units, income will decrease by $1,000.-

Answer:$80,000

Explanation:

Opportunity cost refers to an alternative forgone that is  the value one could have received but  declined  to take the next best alternative according to his or her preference.

Here , Nestle has two choices to make, it can  decide to produce oats or sell the machine, but taking the option of producing oats leaves the option of selling the machine at $80,000 as the Opportunity cost.

Answer:

-$104.79

Explanation:

Current Mortgage Payment:

P/Y = 12,

N = 360,

I/Y = 6.5,

PV = $200,000,

Solve

for PMT = $1,264.14

Current Mortgage Balance:

P/Y = 12,

N = 300,

I/Y = 6.5,

PMT = $1,264.14,

Solve

for PV = $187,221.9

New Mortgage Payment:

P/Y = 12,

N = 240,

I/Y = 4.25,

PV = $187,222.54,

Solve

for PMT = $1,159.35

Current Payment - New Payment

= $1,159.35- $1,264.14

= -$104.79

Answer:

Early tasks opposed to later tasks.

Explanation:

Shortening is a strategic procedure used by project managers to reduce or shorten a project's duration by cutting the duration of critical path tasks.

The rationale behind shortening of a project is basically to have a competitive advantage or edge in the market. In order to compete successfully, project managers are always expected to be spontaneous in bringing their company's goods and services to the market in a flash.

There are two important ways of shortening a particular project, these are;

1. Crashing.

2. Task splitting.

In project management, the longest task is considered to be the most effective and efficient candidate activities to shorten a project's duration.

In general, the better candidates for shortening are early tasks opposed to later tasks. The early start of tasks represents one of the primary date used in project scheduling and it's the earliest date a project manager commences an activity, with respect to all its predecessors and successors.

Early tasks usually involves the use of an easy approach to project kickoff while later tasks uses the difficult approach.

Answer:

Explanation:

                                  Tannenhill          %            Industry

Sales                             4,000,000      100            100

Cost of goods               2,120,000        53              60

Gross profit                   1,880,000        47               40

Selling Expenses          1,080,000        27               24

Admin Expenses            640,000         16                14

Operating Expenses     1,720,000        43               38

Operating profit              160,000           4                2

Other income                  120,000          3                 3

Total income                   280,000         7                5

Other Expenses                80,000          2                2

Income before tax            200,000        5                3

Income tax                          80,000         2                2

Net Income                         120,000        3                1

B)

Despite the fact that the selling and admin expenses pf Tannenhill was higher than the industry average , it had a better performance in the cost of goods management which in effect caused Tannenhill to record a greater net income percentage compared to the industry performance.

The other income and expenses was the same with the industry average , hence no impact on the overall performance.

Answer: The answers are provided below

Explanation:

The fixed order quantity system is an arrangement whereby the inventory level is typically continuously monitored and also the replenishment stock is ordered based on the previously-fixed quantities while for a fixed time period model, the inventory levels are checked on regular basis for the items e.g every week.

A plant manager may elect to use a fixed-order quantity model as opposed to a fixed-time period model when the holding cost is much higher. Typically, fixed order quantity model is typically used for the costly items.

The disadvantages of using a fixed-time period ordering system are:

i. It doesn't consider market structure changes

ii. There should be a high level of inventory in order to avoid stock out.

iii. It leads to rigidity in the system as it makes the decision on time period complex when there's need for urgency.

Answer:

B. budget management software

Explanation:

A budget management software would be the best option to combine different segments of data to create a companywide budget.

This is because one of the specific purposes of budget management software is to merge several budgets (for example, the budgets of a company's divisions) into a single one, larger budget (the companywide budget).

Answer:

$55 per share

Explanation:

This can be calculated using the dividend discount model (DDM) formula as follows:

P = D1/(r - g) ............................ (1)

Where,

P = Current stock price or the amount you are willing to pay today

D1 = Next dividend = Current dividend * (1 + Growth rate) = $3 * (1 + 0.10) = $3.30

r = required return = 16%. or 0.16

g = growth rate = 10% = 0.10

Substituting the values into equation (1), we have:

P = $3.30 / (0.16 - 0.10) = $55 per share

Therefore, you are willing to pay $55 per share for this stock.