Answer:
A..
Explanation:
sorry if i got it wrong, mines was right..
The restaurant layout is the floral design of the entire restaurant on a paper for knowing the position of each items and things within the specified size, and area allotted for the restaurant.
A section in the restaurant layout is:
Option A. An area typically served by a particular server.
The restaurant is defined as an section of entire restaurant layout where the servants serve food to the customers in a typical taught manner. But few restaurants having different pattern can have different ways of servings.
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Olivia wants to buy some vacant land for investment purposes. She cannot afford the full purchase price. Instead, Olivia pays the landowner $14,500 to obtain an option to buy the land for $290,000 anytime in the next four years. Fourteen months after purchasing the option, Olivia sells the option for $18,125. What is the amount and character of Olivia's gain or loss?
Answer:
$3,625
Explanation:
Missing word "She has a long-term capital gain of $..................."
Long term capital gain = Sale price of option - Buying price of option
Long term capital gain = $18,125 - $14,500
Long term capital gain = $3,625
So, the amount and character of Olivia's long-term capital gain is $3,625.
Britos Hyundai Sales and Service estimates the amount of uncollectible accounts using the percentage of receivables method. After aging the accounts, it is estimated that $4,500 will not be collected. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated uncollectible accounts. Assume the following independent conditions existed prior to the adjustment:
1. Allowance for Doubtful Accounts has a credit balance of $710.
2. Allowance for Doubtful Accounts has a debit balance of $305.
Required:
Journalize the entries.
Answer:
Explanation:
a. Total bad debts expenses = Estimated uncollectible accounts - Credit balance in the allowance account before adjustment
= $4500 - $710
= $3,790
Date Account title Debit Credit
Dec 31 Bad Debt Expense $3,790
Allowance for Doubtful Accounts $3,790
a. Total bad debts expenses = Debit balance in the allowance account before adjustment + estimated uncollectible accounts
= $305+ $4500
= $4,805
Date Account title Debit Credit
Dec 31 Bad Debt Expense $4,805
Allowance for Doubtful Accounts $4,805
Nontariff barriers are: _________
a. numerical limitations on the quantity of products that a country can import
b. rules, regulations, inspections, and paperwork which make it more costly or difficult to import products
c. taxes levied on the value of imported goods
d. all of the above
Answer:
The correct answer is the option D: All of the above. T
Explanation:
To begin with, the term known as "Non-Tariff Barriers" in the field of economics and business management refers to the barriers imposed by the government to the trade of imports and exports of goods and services in a country with the main difference that they use other mechanism rather than the commonly imposition of tariffs. Therefore that this tool can refer to rules, regulations or numerical limitations and many other impositions. That is why that it consists of any obstacle to international trade.
Other things being equal, the demand for natural gas will tend to be elastic in the short run than in the long run.
Other things being equal, the demand for natural gas will tend to be less elastic in the short run than in the long run.
What is elasticity of demand?This is the term that is used to refer to the sensitivity of demand to the prices of other goods and services.
The elasticity of demand has to do with the sensitive demand of the product to the changes in other economic factors.
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A 15-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 10%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices.
List Bond Equivalent Annual Effective annual
bond prices Yield to maturity Yield to maturity
a $940 % %
b $1,000 % %
c $1,040 % %
Answer:
A. Bond equivalent 10.82%
Effective annual yield to maturity of the bond 11.11%
B. Bond equivalent 10%
Effective annual yield to maturity of the bond 10.25%
C. Bond equivalent 9.49%
Effective annual yield to maturity of the bond 9.73%
Explanation:
A. Calculation to Find the bond equivalent
We would determine the yield to maturity on a semi-annual basis using Financial Calculator which is:
N = 10*2 = 30
PV = -940
PMT = [10%/2]*1000 = 50
FV = 1000
Press CPT, then I/Y, which gives us 5.41%
Bond equivalent yield to maturity=5.41% × 2
Bond equivalent yield to maturity= 10.82%
Calculation to determine the Effective Annual Yield To Maturity of the bond
Effective annual yield to maturity = (1+.0541)^2– 1
Effective annual yield to maturity = (1.0541)^2– 1
Effective annual yield to maturity =1.1111 – 1
Effective annual yield to maturity = 0.1111 *100
Effective annual yield to maturity = 11.11%
Therefore the bond equivalent and effective annual yield to maturity of the bond will be:
Bond equivalent 10.82%
Effective annual yield to maturity of the bond 11.11%
b. Calculation to determine the bond equivalent
Based on the information given the bond is selling at par which therefore means that the yield to maturity on a semi annual basis will be the same as the semi annual coupon 5%.
Bond equivalent yield to maturity =5%*2
Bond equivalent yield to maturity= 10%.
Calculation to determine Effective annual yield to maturity
Effective annual yield to maturity = (1+.05)^2– 1
Effective annual yield to maturity = (1.05)^2– 1
Effective annual yield to maturity=1.1025-1
Effective annual yield to maturity=.1025*100
Effective annual yield to maturity =10.25%
Therefore the bond equivalent and effective annual yield to maturity of the bond will be:
Bond equivalent 10%
Effective annual yield to maturity of the bond 10.25%
c.Calculation to determine the bond equivalent
N = 10*2 = 30
PV = -1,040
PMT = [10%/2]*1000 = 50
FV = 1000
Bond equivalent yield to maturity=9.49%, or 4.75% on a semi-annual basis.
Calculation to determine the Effective Annual Yield To Maturity of the bond
Effective annual yield to maturity = (1+.0475)^2– 1
Effective annual yield to maturity = (1.0475)^2– 1
Effective annual yield to maturity =1.0973– 1
Effective annual yield to maturity = 0.0973*100
Effective annual yield to maturity = 9.73%
Therefore the bond equivalent and effective annual yield to maturity of the bond will be:
Bond equivalent 9.49%
Effective annual yield to maturity of the bond 9.73%
Examples of successfulness of the competition policy in South Africa
Explanation:
By Kgomotso Ramotsho
The Competition Law Committee of the Law Society of the Northern Provinces held its last Annual Gala Breakfast in October 2018 in Johannesburg. The gala breakfast was organised and hosted by ENSafrica. Members of the panel discussed ‘Experiencing twenty years of competition practice’. The Competition Commission Commissioner, Tembinkosi Bonakele, said South Africa (SA) has challenges in the economic front and added that employment growth numbers were not impressive.
Mr Bonakele said this is a challenge and added that there can be talks about what the Competition Commission can contribute, however, there are concerns about the structure of the economy and concentration levels in the economy. He pointed out that another challenge, is with regards to developing competition experts. He said that SA could have done better in developing experts. He pointed out that when looking at who the experts are, the economic front is dominated by European experts, instead of local experts.
Mr Bonakele said it was easy for legal practitioners to make the transition into competition law. However, he added that another challenge is with economists. He said universities should produce a pool of economists that can help in the industry. Full-time member of the Competition Tribunal, Yasmin Carrim, added that the industry was not doing enough and that the pool of economists is small. She pointed out that it was not only up to universities to produce expert economists. She said the industry needed to grab the opportunity and utilise different strategies, such as giving practical training or internships to students, so that when they graduate they would have a sense of the work environment.
Full-time member of the Competition Tribunal, Yasmin Carrim, listed the quality of work done by competition law legal practitioners and economists in South Africa as one of the successes in the industry. She spoke at the last annual gala breakfast held in Johannesburg by the Competition Law Committee of the Law Society of the Northern Provinces.
Ms Carrim, however, said that from her personal experience, one of the successes in the industry has been the quality of work done by both legal practitioners and economists in the country. Mr Bonakele added that SA has made strides in establishing itself as a respected jurisdiction with locally developed practices and sharpened skills in the competition area, he noted that these were good signs. Judge President of the Competition Appeal Court, Dennis Davis, posed a question to Mr Bonakele with regards to work done by experts outside SA.
Mr Bonakele said the Competition Commission has relied on local experts. However, he pointed out that the issue is with the number of local experts. He noted that the country has knowledgeable experts even though they are few in numbers. He added that even though foreign experts are brought in to work in SA, they should team up with local experts as they understand the local conditions, they are open minded and are trained by the best in the world.
Kgomotso Ramotsho Cert Journ (Boston) Cert Photography (Vega) is the news reporter at De Rebus.
This article was first published in De Rebus in 2019 (Jan/Feb) DR 11.
As seen on an income statement:
a. interest is deducted from income and increases the total taxes incurred.
b. depreciation reduces both the pretax income and the net income.
c. depreciation is shown as an expense but does not affect the taxes payable.
d. the tax rate is applied to the earnings before interest and taxes when the firm has both depreciation and interest expenses.
e. interest expense is added to earnings before interest and taxes to get pretax income.
Answer:
b. depreciation reduces both the pretax income and the net income.
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
An income statement comprises of the financial information about the income and expenses of an organization over a specific period of time.
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.
In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.
Generally, it can be deduced from an income statement that depreciation reduces both the pretax income and the net income of a business firm or an organization.
Answer:
b. depreciation reduces both the pretax income and the net income.
Explanation:
As seen on an income statement: depreciation reduces both the pretax income and the net income.
The stock/requirements list displays:___.
A. Changes in the planning situation since MRP was run.
B. MRP elements at an aggregation level.
C. All MRP elements for a material.
D. Required materials per production version.
E. All materials needed per MRP element.
Answer:
E. All materials needed per MRP element.
Explanation:
Stock Requirement List is known to be a dynamic list that shows the current status of requirement and sources for that materials. It has been arranged in such a way that any changes in the procurements or needs would be displayed in the list. it is dynamic as it is updated each time it is displayed.
The stock/requirements list displays All materials needed per MRP element
The four perspectives in the balanced scorecard are (1) financial, (2) customer, (3) internal process, and (4) learning and growth. Match each of the following objectives with the perspective it is most likely associated with:
a. plant capacity utilization
b. employee work days missed due to injury
c. return on assets
d. brand recognition.
Answer:
The correct answers are:
a - 3
b - 4
c - 1
d - 2
Explanation:
To begin with, the "Balanced Scorecard" is a very famous and helpful tool that focus on the strategic and management part of the organization. Therefore that this business' instrument uses a graphic that shows the four main perspectives that the company has to have in mind at the time of doing a better job in the management of the place and in order to grow.
The financial perspective is basically focus on the accouting parts of the business including all the indicators that shows the performance in the numbers of income, loses, etc.
The internal process focus on the operations that happen inside the company with the purpose of getting the product done properly and every possible way of increasing the innovation there.
The customer perspective focus on the question of how can the company innovate in order to create a better customer service that will impact the value that the customer gives to the product.
The learning and growth perspective focus on the question of how the company can continue to grow in every aspect that sorrounds it and affect its normal performance.
The town of Draper, with a population of 20,000, sits adjacent to State University, which has an enrollment of 27,000 students. Downtown Draper merchants have long complained about the lack of parking available to their customers. This is one primary reason for the steady migration of downtown businesses to a mall several miles outside town. The local chamber of commerce has finally convinced the town council to consider the construction of a new multilevel indoor parking facility downtown. Kelly Mattingly, the town’s public works director, has developed plans for a facility that would cost $4.5 million to construct. To pay for the project, the town would sell municipal bonds with a duration of 30 years at 8% interest. Kelly also estimates that five employees would be required to operate the lot on a daily basis, at a total annual cost of $140,000. It is estimated that each car that enters the lot would park for an average of 2.5 hours and pay an average fee of $3.20. Further, it is estimated that each car that parks in the lot would (on average) cost the town $0.60 in annual maintenance for cleaning and repairs to the facility. Most of the downtown businesses (which include a number of restaurants) are open 7 days per week.
Required:
a. Using break-even analysis, determine the number of cars that would have to park in the lot on an annual basis to pay off the project in the 30-year time frame.
b. From the results in (A), determine the approximate number of cars that would have to park in the lot on a daily basis. Does this seem to be a reasonable number to achieve, given the size of the town and college population?
Answer: See explanation
Explanation:
a. Let the break even sales be represented by x.
Firstly, we will calculate the total fixed cost which will be:
Investment = $4.5million/30 = $150,000
Add: Annual labor cost = $140,000
Add: Interest = 8% × $4.5million = $360,000
Total Fixed cost = $650000
The total variable cost will be: = 0.60 × x = 0.60x
Therefore, total cost:
= fixed cost + variable cost
= 650000 + 0.60x
Total revenue = Selling price × sales
= 3.20 × x = 3.20x
Break even point will now be:
Total revenue = Total cost
3.20x = 650000 + 0.60x
3.20x - 0.60x = 650000
2.60x = 650000
x = 650000/2.60
x = 250000
Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.
b. The approximate number of cars that would have to park in the lot on a daily basis will be:
= 250000/365 days
= 684.91
=685 cars
Honduras is a small economy in central america. it keeps a fixed exchange rate with the us. capital is perfectly mobile. you may assume that interest rates are three percent in the us and six percent in honduras
Required:
What explains the difference in interest rates? State your assumptions clearly.
Answer:
Given that Honduras is a small economy in Central America, and it keeps a fixed exchange rate with the US, and capital is perfectly mobile, but interest rates are three percent in the US and six percent in Honduras, the explanation of the difference in these interest rates are as follows:
Honduras has a higher interest rate, meaning that its sovereign bonds pay higher values than the American ones, as well as its banks also pay higher interests on their investments compared to American banks.
This is so for a double reason: on the one hand, because the Honduran economy is less reliable than the American economy, which is larger and therefore more solvent and capable of overcoming eventual crises, with which the risk of default is less.
On the other hand, the Honduran economy is more dependent on foreign investment, so it must offer higher interest rates to attract such investments.
Revenue and expense data for Bluestem Company are as follows:
Year 2 Year 1
Administrative expenses $37,720 $20,300
Cost of goods sold 360,000 319,900
Income tax 41,000 32,200
Sales 820,000 700,000
Selling expenses 154,160 109,900
Required:
Prepare a comparative income statement, with vertical analysis, stating each item for both years as a percent of sales.
Answer and Explanation:
The preparation of a comparitive income statement, with vertical analysis, stating each item for both years as a percent of sales is prepared below with the help of the attached spreadsheet:-
The formula that we have used is shown below:-
Gross profit percent = Gross profit / Sales revenue
Cost of goods sold percent = Cost of goods sold / Sales revenue
and in a similar way operating expenses items.
The price of used cars and trucks in US has increased by 21% including a 10% increase in April alone, while the volume of used car transactions is keeping going up to a record high. Which of the following group of economic variables will go up as a result of a booming used car market?
A. CPI but not GDP deflator, PPI and real GDP
B. CPI and GDP deflator, but not real GDP and PPI
C. CPI, GDP deflator and, real GDP, but not PPI
D. CPI, GDP deflator, real GDP and PPI
Answer:
C
Explanation:
The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Because the price of price of used cars and trucks in US has increased , the CPI would increase
GDP deflator = (nominal GDP / real GDP) x 100
the volume of cars bought have increased, as a result, GDP deflator would increase
The following data pertain to an investment proposal( ignore income taxes)
Description Amount
Cost of the investment $80,000
Annual Cost Savings $25,000
Estimated salvage value $10,000
Life of the project 10 Year
Discount rate 18%
Required:
Calculate the net present value of the proposed investment.
Answer:
$34,262.80
Explanation:
The net present value of the proposed investment can be calculated using a Financial Calculator as :
- $80,000 CF0
$25,000 CF1
$25,000 CF1
$25,000 CF1
$25,000 CF1
$25,000 CF1
$25,000 CF1
$25,000 CF1
$25,000 CF1
$25,000 CF1
$35,000 CF1 ($25,000 + $10,000)
I/YR = 18%
Shift NPV gives $34,262.80
therefore,
the net present value of the proposed investment is $34,262.80
The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, both of the unemployed workers became discouraged and stopped looking for work six weeks ago.
The unemployment rate in Marble Falls is now
A) 0%.
B) 11.1%.
C) 20%.
D) 25%
Answer:
A) 0%
Explanation:
The unemployment rate in the town of Marble Falls refers to the portion of the active population which is not employed
Initially, there were 2 people actively searching for means of livelihood, six weeks down the line, they lost interest in job search, which means that by then, they were no longer in the unemployed category since they have stopped looking for job opportunities.
In essence, when the 2 people left the unemployed category, no one was left, which translated into the unemployment rate for the town of Marble Falls
Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $18,500 Cash paid for dividends, $7,300 Cash dividends received, $5,300 Cash proceeds from bank loan, $26,000 Cash purchase of treasury stock, $9,500 Cash paid for equipment purchase, $25,500 Cash received from issuance of common stock, $35,500 Cash received from sale of land with a $30,500 book value, $23,800 Acquisition of land costing $49,500 in exchange for preferred stock issuance. Payment of a $165,000 note payable by exchanging used machinery with a $75,500 book value and $165,000 fair value.
1. How much was Flow's net cash flow from investing activities?
a. A net inflow of $44,700
b. A net outflow of $51,200
c. A net outflow of $1,700.
d. A net inflow of $1,700.
2. During 2016, Eva's Enterprises cash paid for property, plant and equipment was $675 million and cash flow from operating activities was $6,048 million. The average property, plant, and equipment from the comparative balance sheets were $5,854 million. Eva's capital acquisitions ratio for 2016 is closest to:_______.
a. 8.67.
b. 1.03.
c. 8.82.
d. 8.96.
Answer:
1. c. A net outflow of $1,700.
2. d. 8.96.
Explanation:
1. Cash flow from Investing activity
Particulars Amount
Cash proceeds from sale of Land $23,800
Cash paid for equipment purchase -$25,500
Net cash-flow from investing activities ($1,700)
2. Capital acquisition ratio = (Cash-flow from operations - Dividends) / Cash paid for acquisitions
Capital acquisition ratio = ($6,048 million - $0) / $675 million
Capital acquisition ratio = $6,048 million / $675 million
Capital acquisition ratio = 8.96
ECB Co. has 1.25 million shares outstanding selling at $25 per share. It plans to repurchase 97,000 shares at the market price. What will be its market capitalization after the repurchase? What will be its stock price? The market capitalization after the repurchase is million. (Round to three decimal places.)
Answer:
Market cap = 28.825 million
Stock price = $25
Explanation:
Current outstanding shares = 1,250,000
Current price per share = $25
So, ECB current market cap = 1,250,000 × $25 = $31,250,000
Repurchase shares = 97,000
So repurchase value = 97,000 × $25 = $2,425,000
Hence, Market capitalization after repurchase = current market cap - repurchase value
= $31,250,000 - $2,425,000 = 28,825,000 or 28.825 million
Stock price = $25
For each of the following, indicate which type of investment risk is being described.
a. WheatWortd is a company that distributes whole-gram cereals to major grocery stores across the country. A headline science news story points out that in the course of human evolution, only recently did humans begin to eat processed grains,
and our bodies may not be well adapted to processing them.
b. A restaurant chain recently issued worth of new stock shares, increasing it's debt obligations in hopes of financing a new restaurant location. The construction of the new store ended up taking twice as long as anticipated, thus forestalling the expected increases in revenue. AS a result, the company is having difficulty making the interest payments on its outstanding debt.
c. In some markets there are many buyers and sellers, such that it is relatively easy to cash-in an investment at any given time. In thin markets, however, it may be difficult to find a buyer in a timely manner, forcing the seller to lower the price and lose money on the investment.
Answer:
a. The ne research may go against the whole gram cereals and people will consume it less therefore demand may be lowered causing the sales and profit to decrease.
b. The increase level of gearing makes the company risky and people do not prefer to invest in the company which have high gearing. The increase debt and interest burden may cause company to become bankrupt and there can be threat for solvency.
c. The bargaining power of buyer is high in such case where the seller finds it difficult to find a suitable buyer.
Explanation:
Investment risk is the risk associated with the business or new investment project. There should be detailed analysis of risk and return before investing in any project. It is better to understand the nature of risk and the extent to which it can hinder the progress of the business.
Ever since e-commerce started rising in prominence, the value of the retail showroom has diminished significantly. After all, consumers no longer need to visit a store to see what types of products are available for purchase. Not only does a quick search on Amazon accomplish this goal within seconds, but the site also provides helpful resources such as customer reviews and recommendations. Nevertheless, the online retail model doesn't work the same way for all products. Consumers on the whole still visit showrooms when they're looking to buy big expensive items like cars or mattresses.
Thanks to a new wave of startups, however, online retailers are beginning to break through these barriers of size and expense. While many consumers remain reluctant to purchase a car without driving it, online mattress sellers like Casper and Leesa Sleep are winning over thousands with a streamlined approach. Customers simply select the size they want, pay for it, and then wait for the mattress to arrive at their doorstep compressed into a single box. Most showrooms contain a variety of mattresses that can greatly fluctuate in price depending on what sales are happening at the moment. Customers then learn all these intricate details from assertive salespeople on the hunt for a commission.
Today's online mattress sellers cut out this rigmarole by using simplified inventory and fixed prices. But that doesn't necessarily mean these brands provide customers with the best deal possible. For instance, a king from Casper costs $950, not exactly a bargain for a foam mattress. In fact, customers could likely get a better deal if they were simply willing to do some haggling at a showroom. For Casper's customers, though, the company's appeal lies in its convenience rather than its value. There's also little risk in trying out a compressed mattress: Casper offers free shipping, 100-day guarantees and free returns on all of their products. While it remains to be seen if these upstarts can take on the $14 billion U.S. mattress industry, Casper's $100 million in sales during its first year of operation suggests that they're certainly on the right track.
Requried:
a. Intermediaries can be eliminated, but their activities cannot. Describe the activities provided by retail showrooms that manufacturers like Leesa and Casper are now providing. Specifically, what utility are the manufacturers providing?
b. Would you ever purchase a car or an expensive refrigerator direct from the manufacturer without seeing the product in person or testing the product? Explain why or why not. If not, what would you need from the manufacturer in order to purchase direct from them?
Explanation:
a. Formerly, these manufacturers have to provide storage space to display their inventory of mattresses, however, online retail sellers have taken up this activity by holding the various sizes of the available inventory, and then simply display them on photos/videos on their website.
b. No. The decision to purchase a car direct from the manufacturer without seeing the product in person or testing the product isn't the most preferred option for many, however, an expensive refrigerator could be purchased without seeing or testing it out. Usually, the following factors are considered:
Would this product match the description stated?Would the cost of return be worth it if there happens to be a problem with the product?Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 75,000 shares of preferred 3% stock, $60 par and 550,000 shares of $15 par common stock. The following selected transactions were completed during the first year of operations:
Feb. 5. Issued 700,000 shares of common stock at par for cash.
5. Issued 1,200 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
Apr. 9. Issued 40,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $ 120,000, $280,000, and $80,000, respectively.
June 14. Issued 25,000 shares of preferred stock at $82 for cash.
Required:
Journalize the transactions.
Answer:
Professional Products, Inc.
Journal Entries:
Feb. 5. Debit Cash $10,500,000
Credit Common stock $10,500,000
To record the issuance of 700,000 shares of common stock at par for cash.
Feb. 5. Debit Attorney Fees $18,000
Credit Common stock $18,000
To record the issuance of 1,200 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
Apr. 9. Debit Land $120,000
Debit Buildings $280,000
Debit Equipment $80,000
Debit Additional paid-in Capital - Common stock $120,000
Credit Common stock $600,000
To record the issuance of 40,000 shares of common stock in exchange.
June 14. Debit Cash $2,050,000
Credit 3% Preferred stock $1,500,000
Credit Additional Paid-in Capital $550,000
To record the issuance of 25,000 shares of preferred stock at $82 for cash.
Explanation:
a) Data and Calculations:
Authorized share capital:
75,000 shares of 3% preferred stock, $60 par
550,000 shares of common stock, $15 par
Transactions Analysis:
Feb. 5. Cash $10,500,000 Common stock $10,500,000
700,000 shares of common stock at par for cash.
5. Attorney Fees $18,000 Common stock $18,000
1,200 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
Apr. 9. Land, buildings, and equipment with fair market prices of $120,000, $280,000, and $80,000 Additional paid-in Capital - Common stock $120,000 Common stock $600,000
40,000 shares of common stock in exchange
June 14. Cash $2,050,000 3% Preferred stock $1,500,000 Additional Paid-in Capital $550,000
25,000 shares of preferred stock at $82 for cash.
2. Sales projections (LO2) Cyber Security Systems had sales of 3,000 units at $50 per unit last year. The marketing manager projects a 20 percent increase in unit volume sales this year with a 10 percent price increase. Returned merchandise will represent 6 percent of total sales. What is your net dollar sales projection for this year?
Answer:
hjkbwhdnejm
Explanation:
sdvfbnhmjsdjfkmasdfhjk
Bramble, Inc. has the following Income Statement (in millions):
Bramble, Inc. Income Statement For the Year Ended December 31, 2017
Net Sales $330
Cost of Goods Sold 231
Gross Profit 99
Operating Expenses 43
Net Income $56
Requried:
Using vertical analysis, what percentage is assigned to cost of goods sold?
Answer: 70%
Explanation:
Using Vertical analysis, the rest of the Income statement is described as a percentage of Net sales which means that Net sales is 100% and Cost of Goods sold would be:
= Cost of goods sold / Net sales
= 231 / 330
= 70%
Property that a business uses to secure a loan is
Answer:
Business loans are usually secured with collateral, which is an asset pledged to the lender by the borrower for the life of the loan. The collateral can be seized and sold to repay the loan if the borrower defaults. Lenders use collateral to reduce the risk of losing money on the loan.
Explanation:
Burns Medicine Shop developed a website where customers could ask the pharmacists questions and could refill prescriptions online. What statute requires Burns to have and disclose a privacy policy to anyone using the website?
a. The FTC Act.
b. The Electronic Communications Privacy Act.
c. The Gramm-Leach-Bliley Privacy Act.
d. No statutes presently require Web sites to have or disclose a privacy policy.
Answer:
Option d: No statutes presently require websites to have or disclose a privacy policy.
Explanation:
A Privacy Policy
This is simply defined a legal document written statement that gives a clear description of how a company or website takes, analyse, handles and processes data of its customers mostly and a visitors. It gives or describes if the information is hidden.
Privacy laws in the world simply collect personal information from the website visitors, it is usually available with your mobile app. There has been no power put in place or statutes that require websites to have or disclose a privacy policy.
There are three equally-sized distinct subpopulations in Utopolis: unemployed, workers, and retirees. There are four possible social states which result in different utility levels for the three subpopulations:
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1
a. Which social states might plausibly be chosen by the government of Utopolis? And Why?
b. There is a government election in Utopolis with two candidates: a Rawlsian and a Utilitarian candidate. Each candidate promises to enact one of the social states above. If the majority of citizens elect the candidate, which social state will be enacted?
Answer:
Utopolis
a. Social states chosen by the government of Utopolis are:
Social State Unemployed Workers Retirees
A 12 50 10
D 1 40 1
The reason for choosing these social states is that the social states of A and D reduce the headache felt by the government in managing unemployment and paying pensions to retirees, unlike the social states of B and C, which have equal numbers of the distinct subpopulations.
b. The enacted social state will be D. This is the social state preferred by the majority of citizens. There is a utopian economic condition achieved with social state D unlike with other social states.
Explanation:
a) Data and Calculations:
Utility levels in Utopolis:
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1
Robertson Construction entered into a contract to construct a tunnel for a fixed price of $12,000,000. Robertson recognizes revenue over time according to percentage of completion. Here are some facts:
COST INCURRED DURING CURRENT YEAR ESTIMATED ADDITIONAL COST TO COMPLETE
2016 $3,000,000 $6,000,000
2017 $5,000,000 $2,000,000
2018 $2,500,000 $0
Required:
How much Revenue should Robertson recognize in 2017?
Answer:
$5,600,000
Explanation:
The calculation of the Revenue that should Robertson recognize in 2017 is calculated below:-
For 2016
Estimated total cost = Cumulative cost incurred + Est. additional cost to complete
= $3,000,000 + $6,000,000
= $9,000,000
Percentage of completion = Cumulative cost incurred / Estimated total cost
= $3,000,000 / $9,000,000
= 33.33%
Contract price = $12,000,000 * 33.33%
= $4,000,000
So, revenue for 2016 = $4,000,000
Now for 2017
Estimated total cost = Cumulative cost incurred + Est. additional cost to complete
= ($3,000,000 + $5,000,000) + $2,000,000
= $10,000,000
Percentage of completion = Cumulative cost incurred / Estimated total cost
= $8,000,000 / $10,000,000
= 80%
Contract price = $12,000,000 * 80%
= $9,600,000
Revenue = $9,600,000 - $4,000,000
= $5,600,000
Kenji and Lucia are building their portfolios. Kenji purchases shares in a mutual fund and pays fees to a manager who actively manages the mutual fund's portfolio. He does so because he believes that the manager can identify inexpensive stocks that will rise in value. Lucia is not convinced. She buys shares in an index fund—a type of mutual fund that simply buys all of the stocks in a given stock index rather than actively managing a portfolio.
Kenji builds his portfolio on the supposition that:________
a. Stock analysts can use fundamental analysis to identify undervalued stocks.
b. Stock prices follow a random walk
c. The stock market exhibits informational efficiency.
Answer:
a. Stock analysts can use fundamental analysis to identify undervalued stocks.
Explanation:
Since in the question it is mentioned that he would trust the manager that it could identify the inexpensive stock that would increase the value but on the other side lucia not convinced, so she purchased the shares
So the kenji create his portfolio based on that the stock analyst would applied the fundamental analysis in order to analyze the undervalue of the stock
hence, the option a is correct
Kenji and Lucia are building their portfolios. Kenji purchases shares in a mutual fund and pays fees to a manager who actively manages the mutual fund's portfolio. He does so because he believes that the manager can identify inexpensive stocks that will rise in value. Lucia is not convinced. She buys shares in an index fund—a type of mutual fund that simply buys all of the stocks in a given stock index rather than actively managing a portfolio.
Kenji builds his portfolio on the supposition that:________
A. Stock analysts can use fundamental analysis to identify undervalued stocks.B. Stock prices follow a random walk
C. The stock market exhibits informational efficiency.
-KeonLee
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Elmer believes that his workers compensation is not adequate payment for his injury. He decides to file a multi-party lawsuit targeting all parties with any connection to his injuries on the drilling rig. Which of the following parties could not be sued in this scenario?
a. the drill rig lessor (i.e., owner of the rig leased to DDC in consideration of monthly payments).
b. DDC.
c. the drill rig manufacturer
d. the drill rig maintenance firm.
Answer: d. the drill rig maintenance firm.
Explanation:
The drill rig maintained firm are not responsible for any defects in the drill because they did not manufacture it so they cannot be sued by Elmer for any injury.
The drill rig lessor however, can be sued for potentially leasing a defective rig to DDC without checking it and DDC could be liable as well for letting their employees work with such a rig when it wasn't adequately checked yet. The manufacturer of the rig can be sued for the reason of potentially making a defective rig.
Select the correct answer.
Victor has started a cupcake store. He wants to target the local market to promote his product. Which promotional strategy will be most suitable as well as economical for him?
A.
public relations
B.
television advertisement
C.
sales promotion
D.
radio advertisement
E.
advertisement on the Internet
Answer:
C. Sales promotion
Explanation:
Because you're giving good value and time and effort for doing it basically because that's being economical
Answer:
C
Explanation:
Plato/edmentum
Lila Miller, who works for a large software firm, is four months pregnant and due for a promotion. However, her employer offers the promotion to Harry Oswald, a less-experienced candidate, as Lila will go on maternity leave soon and be unable to perform her duties. Which of the following statements is true of this scenario?
A) Lila's employer is liable for quid pro quo sex discrimination.
B) Lila's employer is liable for hostile work environment sex discrimination.
C) Lila's employer was lawful in denying her the promotion.
D) Lila's employer has violated Title VII of the Civil Rights Act of 1964.
Answer: D) Lila's employer has violated Title VII of the Civil Rights Act of 1964.
Explanation:
Based on the information given in the question, we can infer that Lila's employer has violated Title VII of the Civil Rights Act of 1964.
Title VII of the Civil Rights Act of 1964 simply protects employees against firm of discrimination that are based on sex, color, race, national origin, and religion.
Since Lila is pregnant and due for promotion but the promotion was given to Harry, she has been discriminated upon based on her sex.
Therefore, the correct option is D.