The world on projects like the panama canal, ch2mhill should be concerned Panama's full control over the canal is the key reason for its thriving economy.By connecting the Atlantic and Pacific Oceans, the canal eliminates the need for ships to pass via South America.
In 2016, a new set of locks that permit larger ships to transit through the canal were inaugurated.The Panama Canal was constructed to reduce the distance, coast, and transit time needed for ships to transport freight between the Pacific and Atlantic Oceans. Before the canal, ships had to circumnavigate the entire South American continent.Retirement is very popular in Panama City. Panama offers retirement visas and other unique privileges for retirees, in addition to having a low cost of living.Spanish engineers were the first to consider building a canal through Panama. The first European to recognise that there was a short area of land dividing the Atlantic and Pacific oceans was the Spanish adventurer Vasco Nunez de Balboa.
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suppose that consumers decide to save less and spend more. what effect would this have in the market for loanable fund
It will result in higher interest rates and a decrease in the amount of money lent.
What influences the market for loanable funds?All Credit, lending, and borrowing The need for loanable money will rise as individuals and businesses increase their borrowing, credit, and loans. The need for loanable funds will decline as loans, credit, and borrowing by individuals and businesses decline.
How can higher savings lead to lower interest rates?Savings are the foundation for investment since giving up consumption opens the door for investment in common goods. A larger tendency to save expands the available funds and lowers the interest rate.
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Larry rauzer purchased $60,000 of whole life. What will the cash value of his policy be at the following anniversary dates? anniversary date cash value 10 year 15 year 25 year.
1. Work: First identify the cash value per unit. 10 years= 89 dollars per unit.
Cash value of his policy is $5,340.
2. Work: First identify the cash value per unit. 15 years= 160 dollars per unit.
Cash value of his policy is $9,600.
3. Work: First identify the cash value per unit. 25 years= 340 dollars per unit. Cash value of his policy is $20,400.
What is the life policy?Life insurance is a contract between a policy holder and an insurer wherein the insurer agrees to pay a sum of money in exchange for a premium at the demise of an insured person or after a specific period of time.
Is life insurance something I need?When you're not around to support them financially, life insurance might step in. Take into account your mortgage and other bills, the amount of lost income, funeral costs, and the cost of the kids' tuition. You can estimate the amount of insurance you'll need by adding these up.
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Within the ad/as model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output,.
Answer:
!
Explanation:
Within the ad/as model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output, lower resource prices and declining interest rates will direct the economy back to full employment. Thus, option (c) is correct.
In order to close the production gap and bring the economy back to full employment, lower resource prices and falling interest rates boost aggregate demand and drive output.
Over time, prices will fluctuate in a predictable manner, leading to an efficient economy with full employment. Although there may be upward pressure on salaries and prices if the output gap remains, the normal rate of unemployment may also rise.
Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
Within the AD/AS model, if an unanticipated reduction in aggregate demand results in less than the full-employment rate of output, _______
the natural rate of unemployment will increase.long-run aggregate supply will increase.lower resource prices and declining interest rates will direct the economy back to full employment.higher resource prices and rising interest rates will direct the economy back to full employment.what is a discount bond? multiple choice question. discount bonds are junk bonds that are rated below investment grade. discount bonds are bonds that sell for less than the face value. discount bonds are bonds with short maturities. discount bonds are bonds that a distressed corporation sells at fire sale prices to raise emergency funds.
A discount bond pays the bondholder the face value at maturity.
A discount bond is one that has been issued for a lower price than its face value. Discount bonds may also refer to bonds that are presently trading on the secondary market for less than their face value. If a bond is sold for a large discount from par value, typically 20% or more, it is said to be a deep-discount bond.
A discount bond is provided at a price that is less than the going market rate. Investors pay a price less than the bond's face value when they purchase it at a discount. It does not necessarily follow that it provides better returns than other bonds, though.
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if a marketing department will create an advertising campaign for cereal in an effort to increase sales by 12% by the end of the second quarter, which component of smart below does the phrase "increase sales by 12%" represent?
A component of SMART below the phrase "increase sales by 12%" represents Measurable if a marketing department creates an advertising campaign for cereal with the goal of increasing sales by 12 percent by the end of the second quarter.
When defining the scope of a project, what is the first step a project manager will take?
The creation of a statement of work is the first step in defining the scope of the project.This is the official document that specifies the project's requirements.It includes a general description of the work that needs to be done, a schedule, a timeline, any special skills that are required, and the location of the work.
When a change request is approved, what does a project manager do?
The project deliverables will need to be updated if the change request is approved.Plans and schedules, documents about the business process, and documents about the requirements are examples of this.The project manager can inform everyone who will be affected of the new course of action once these updates have been made.
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Full Question = If a marketing department will create an advertising campaign for cereal in an effort to increase sales by 12% by the end of the second quarter, which component of SMART below does the phrase "increase sales by 12%" represent?
a. Time phased
b. Measurable
c. Action-oriented
d. Simple
the same year that derek jeter, one-time shortstop for the new york yankees, received an annual salary of $23.2 million, the president of the united states received an annual salary of $400,000. if the president of the united states actually contributed more to society than derek jeter, we can conclude that:
If the president of the united states actually contributed more to society than derek jeter, we can conclude that: factors other than marginal revenue product probably explain the salary differences.
What is marginal revenue ?Marginal revenue can be defined as the way in which a company or organization revenue or income increase due to the sales of extra unit mof output.
Based on the given scenario Derek Jeter tend to have annual salary of the amount of $23.2 million that the one of the president which is $400,000 in a situation where the president contribute more into the society despite earning lesser income this may occur as a result of marginal revenue product that explain the salary differences.
Therefore this is an example of marginal revenue.
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smith company presents the following data for 2012. inventories, beginning of year $ 310,150 inventories, end of year 340,469 cost of goods sold 2,103,696 net sales 8,690,150 the number of days' sales in inventory is:
The number of days' sales in inventory is 56.44
Days in inventory are calculated by dividing average inventory over a given time by the cost of goods sold (COGS) during that period and multiplying the result by the number of days in the period.
Formula
Days' sales in Inventory = 365 ÷ Inventory turnover
Cost of Goods Sold COGS = $2103696
Inventory in the end (Current) = $340469
Inventory ]in the beginning (Previous) = $310150
First, we need to find out the inventory turnover, by using the following formula
Inventory Turnover = Cost of Goods Sold ÷ Average Inventory
= 2103696 ÷ (3404696 + 310150)/2
= 2103696 ÷ 325309.5
= 6.47
Now, that we have the inventory turnover, the days' sales in inventory are found out by the following formula
Days' sales in Inventory = 365 ÷ Inventory turnover
= 365 ÷ 6.47
= 56.44
Therefore, the days' sales in inventory are 56.44 for the given cost of goods sold of COGS = $ 2103696, Inventory in the end of $340469 and in the beginning of $310150. This means that the firm's inventory sits an average of 56.44 days , before it is sold.
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quora what is the difference between lead price travel date and promo valid for departures for gate 1
To compare them and look for price discrepancies (though make sure to factor in your travel into the city too).
What is the longest a flight ticket can be valid?Only the flight you have scheduled is covered by the airline ticket you have purchased, along with its price. An unreserved airline ticket and its price are typically valid for one year, counting both the day it is issued and the day after it.
How long is the flight plan valid?A FPL may be submitted within the United States up to 23 hours in advance and will be retained in the system until two hours after the filed estimated time of departure (ETD).
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the business impact analysis (bia) is created after the business has created a business continuity plan (bcp) group of answer choices true false
It is true that the business impact analysis (bia) is created after the business has created a business continuity plan (bcp).
A business impact analysis (BIA) is a methodical procedure to ascertain and assess the possible impacts of a disruption to crucial business operations as a result of a catastrophe, accident, or emergency. The business continuity plan of an organization must include a BIA (BCP). It has an investigative component to find any threats and vulnerabilities and a planning component to create risk-reduction plans. A business impact analysis report that details the potential risks unique to the enterprise under study is the end result.
Every organizational component depends on the continuing operation of every other component, which is one of the fundamental presumptions behind a BIA. In the event of a crisis, some are more important than others and call for a larger deployment of finances and operational resources.
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describe a completely randomized design using the 60 retail sales districts that would help answer this question
Number the 60 retail sales districts with a 2-digit number from 01-60.
What is randomized design?The 60 retail sales districts are assigned a two-digit number ranging from 01 to 60. Read 2-digit numbers from a table of random digits until 30 distinct numbers between 01 and 60 have been selected. The financial incentives group is given the equivalent 30 districts. Record the change in sales for each district after a predetermined amount of time and contrast the two groups.
07511,88915,41267,16853,84569,79367,32337,03316,81486
69487,60513,09297,00412,71238,27649,39950
From 01 to 60, list the 60 retail sales districts.
In the list of numbers, choose the first 2-digit number. If the number is around 01 and 60, the associated retail sales district is chosen; otherwise, it is ignored, and the next two-digit number is chosen.
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prevosti farms and sugarhouse pays its employees according to their job classification the following employees make up suarhouse's staff
The following employees work at Prevosti Farms and Sugarhouse and are paid in accordance with their job classification: Employee id Number.
An employee id number is what?Employers give each employee a special code known as an employee ID number. Any other name that sounds similar to "employee number" or "employee code" can also be used to refer to this identification code. Because employee IDs identify a specific person, they also identify personal information and other data that is crucial to the organization. The address, SSN, payroll information, and other information can be included. Although issuing employee IDs is not required, as a company expands and hires more people, the benefits become increasingly clear. Although employee identification cards are not necessary for tax purposes, they can improve record-keeping for businesses.
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you now turn to evaluating the key situational factors in the workplace. you find that the turnover in part-time salespeople is high, so sean does not get to build up much of a relationship with these workers. talking to the staff, you sense that they are indifferent to sean and have no clear idea of, or concern about, his goals. which of the following best describes workplace relations?
Turnover in part-time salespeople is high, so sean does not get to build up much of a relationship with these workers best describes workplace relations.
The workplace can be anywhere, whether within an office, outside in the great outdoors, or even remotely while on the road. No of the environment, the most effective companies have an effective and encouraging environment where employees have access to the resources they need. For leaders to grow a business, it is crucial to understand what a workplace is and how to create a productive environment.
A workplace, also known as a place of employment, is a place where employees carry out duties, jobs, and projects on behalf of their employer. Workplaces can be found outside or within buildings and vary by industry. Some people may work in different locations on different days, and workplaces might be mobile. The development of technology has produced a new kind of workplace.
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Led by their chief scientist mark weiser, what organization was one of the first groups to explore ubiquitous computing?.
Weiser is widely considered to be the father of ubiquitous computing, a term he coined in 1988. Within Silicon Valley, Weiser was broadly viewed as a visionary and computer pioneer, and his ideas have influenced many of the world's leading computer scientists.
Describe the operation of ubiquitous computing?In the concept of computing known as ubiquitous computing, every action or object is connected to information processing. As well as integrating microprocessors for data exchange, it requires tying electronic devices together. The availability and connectivity of devices that use ubiquitous computing are constant.
What characteristics distinguish ubiquitous computing?Consideration of the human element and setting the paradigm in a human environment rather than a computational environment are two important characteristics of ubiquitous computing. Using less expensive CPUs will result in a reduction in the amount of memory and storage needed. real-time attributes are being captured.
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trio company reports the following information for its first year of operations. direct materials $ 18 per unit direct labor $ 19 per unit variable overhead $ 7 per unit fixed overhead $ 221,650 per year units produced 20,150 units units sold 15,500 units ending finished goods inventory 4,650 units 1. compute the product cost per unit using absorption costing. 2. determine the cost of ending finished goods inventory using absorption costing. 3. determine the cost of goods sold using absorption costing.
Absorption cost per unit is $43.
Cost of closing inventory of finished goods is $258,000.
Cost of goods sold is $602,000.
PRODUCT COST
Particulars Amounts ($)
Direct material cost per unit 18
Direct labor cost per unit 9
Variable overhead cost per unit 7
Fixed overhead cost per unit (21650/20150) 11
Absorption cost per unit $45
COMPUTATION OF CLOSING INVENTORY COST
Cost of closing of finished goods = Ending finished goods inventory x Cost per unit
= 4650 x 45
= $2,09,250
COMPUTATION OF COGS
COGS = Number of units sold x cost per unit
= 15500 x 45
= $6,97,500
What Does Absorption Costing Mean?
One of the techniques used in the cost accounting branch to establish the cost of a produced good is absorption costing. It takes into account all costs involved in the creation of a product, both direct and indirect.
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In recent years, various forms of media—newspapers, television stations, radio networks, and even blogs—are increasingly owned by.
In recent years, the various forms of media- the newspapers, television stations, radio networks, and even blogs are increasingly owned by a small number of corporations.
What is media?In mass communication, media refers to the channels of communication or technologies that are used to transmit and store information or data. The phrase is applicable to various facets of the mass media communications industry, including print media, publishing, the news media, photography, film, broadcasting (radio and television), digital media, and advertising. The invention of early writing and paper, which made it possible for longer-distance communication networks like mail, including in the Persian Empire and Roman Empire, could be seen as the emergence of early forms of media. Authors like Howard Rheingold have framed early forms of media as early forms of writing and human communication, like the Lascaux cave drawings. According to H.L. Mencken, mass media first appeared in American usage in 1923.
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soar incorporated is considering eliminating its mountain bike division, which reported a loss for the recent year of $4,200 as shown below. segment income (loss) sales $ 1,080,000 variable costs 872,000 contribution margin 208,000 fixed costs 212,200 income (loss) $ (4,200) if the mountain bike division is dropped, all $872,000 of its variable costs are avoidable, and $63,660 of its fixed costs are avoidable. the impact on income for eliminating this business segment would be:
The right response is choice b. $131,500 less would be available for the business segment.
The calculation of the contribution margin is crucial in managerial accounting. It is how much all complete income less all out factor costs. It plays a significant role in the break-even analysis calculation.
What is margin for contributions?According to Knight, "Contribution margin shows you the aggregate amount of revenue available to cover fixed expenses and provide profit to the company after variable costs." This could be thought of as the portion of sales that helps pay for fixed costs.
How is Contribution Margin Calculated?The contribution margin is determined by dividing variable costs by revenue. The formula for determining the contribution margin ratio is Revenue / (Revenue - Variable Costs).
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Full Question = Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of $3,200. The division sales for the year were $1,052,000 and the variable costs were $862,000. The fixed costs of the division were $195,000. If the mountain bike division is dropped, 30% of the fixed costs allocated to that division could be eliminated. The impact on operating income for eliminating this business segment would be:
a. $58,500 decrease.
b. $131,500 decrease.
c. $55,300 decrease.
d. $190,000 increase.
e. $190,000 decrease.
a tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its
Companies typically make large dividend cuts due to financial problems, such as falling profits or increasing shareholders. Companies sometimes cut dividend payments for more aggressive reasons, such as preparing for a major acquisition or share buyback.
Although dividends are not an explicit part of equity, paying cash dividends reduces the amount of equity on a company's balance sheet. This is because cash dividends are paid out of retained earnings, which directly shareholders' capital.
Stock and cash dividends do not affect the company's net income or earnings. Dividends, in turn, affect capital on the balance sheet. Dividends reward investors for their investment in the company, whether in cash or stock.
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A tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its
This program automatically uses a shareholder's dividends to acquire additional shares of a firm's outstanding or newly issued stock.
If a organisation pays inventory dividends, the dividends lessen the agency's retained earnings and boom the common stock account. stock dividends do not bring about asset changes to the balance sheet but as a substitute affect only the equity aspect with the aid of reallocating a part of the retained earnings to the commonplace inventory account.
Dividend- A dividend is the distribution of a organisation's income to its shareholders and is determined by means of the company's board of administrators. Dividends are frequently dispensed quarterly and can be paid out as cash or in the shape of reinvestment in additional stock.
The dividend yield is the dividend per proportion and is expressed as dividend/price as a percent of a organisation's proportion charge, along with 2.five%.
not unusual shareholders of dividend-paying corporations are eligible to obtain a distribution so long as they very own the stock earlier than the ex-dividend date.
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suppose that a small publisher selling to book distributors has fixed operating costs of $600,000 each year and variable costs of $3.00 per book. how many books must the firm sell to break even if the selling price is $6.00
If the selling price is $6.00, the break-even point will be achieved when the number of books sold is 200,000 units.
Break-even point (BEP) is a situation in which the profit is zero or the company does not gain profit or loss.
Recall that:
Profit = revenue - total cost
Since profit = 0, hence the condition for break-even point is:
revenue = total cost
Revenue = number of units sold x selling price per unit
Total cost = fixed cost + variable cost per unit x number of units sold
In the given problem, given parameters are:
selling price = $6.00
fixed operating cost = $600,000
variable cost = $3.00 per book
Let:
p = number of unit sold
Hence,
revenue = 6 x p = 6p
total cost = 600,000 + 3p
Condition for BEP:
revenue = total cost
6p = 600,000 + 3p
3p = 600,000
p = 600,000/3 = 200,000
Hence, the BEP achieved if the number of books sold is 200,000 units.
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which of the following are examples of reverse discrimination? multiple select question. cameron, an african american owner of a restaurant, frames a policy that favors asians over african americans. jaclynn, an african american ceo of a start-up, formulates a policy that favors hiring of african americans over individuals from other races. christopher, an african american store manager, hires only african americans even though they are less qualified than candidates from other races. deliana, an african american recruitment manager, is biased in recruiting white women for a coveted post in her company.
Christopher, an african american store manager, hires only african americans even though they are less qualified than candidates from other races are examples of reverse discrimination.
Reverse discrimination refers to the treatment of individuals of a dominant or majority group less favourably than those from a minority or historically underrepresented group. Ethnicity, gender identity, nationality, colour, religion, sex, or sexual orientation can all be used to describe groups.
Many white individuals and some black people perceived the introduction of compensatory programmes and policies, such as affirmative action, in the early to mid-1970s as reverse discrimination. During this time, these programmes sought to undo the consequences of prior discrimination in both the public and private sectors by concentrating on the underrepresentation of women and ethnic minority groups.
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Which of the following product groups is a leading export of the United States? Multiple Choice a. home appliances b. toys c. airplanes d. metals
Airplanes is a a leading export of the United States. Option C
What is meant by exports?Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
Moving items created inside a nation's borders and traded with another nation are referred to as exports. The selling of these products increases the economic growth of the nation that produces them by bringing in foreign exchange profits.
The process by which businesses from one nation sell their products and services to clients or customers in another nation is known as exporting.
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Sonic Corporation has a 21% marginal tax rate and received $10,000 of dividends from Roller, Inc., a U.S. corporation in which Sonic owns less than 2% of the outstanding stock. Sonic's effective tax rate on the Roller dividend is:
a. 21%
b. 0%
c. 10.5%
d. None of the above
C. 10.5%. because of the 70% DRD, Sonic's taxable income includes only $3,000 of the $10,000 Roller dividend. The tax on $3,000 is $1,050, and $1,050/$10,000 equals a 10.5% effective tax rate.
The term “income” usually refers to the quantity of money, property, and other transfers of value acquired over a hard and fast time frame in change for services or products. there is no unmarried, wellknown definition: earnings is described according to the context wherein the concept is used.
Income is cash that an person or enterprise receives in trade for offering labor, generating an excellent or provider or investing capital. people usually earn income thru wages or profits, while organizations earn earnings from promoting goods or services above their cost of production.
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which statement are true? (select all that apply.) multiple select question. specific identification, weighted average cost, lifo and fifo are generally accepted costing methods. the inventory methods apply to both perpetual and periodic inventory systems. the inventory costing methods determine the amount of the debit to cost of goods sold and credit to inventory. the inventory method used must correspond with the actual physical flow of goods.
The inventory methods apply to both perpetual and periodic inventory systems. Specific identification, weighted average cost, LIFO and FIFO are generally accepted costing methods. The inventory costing methods determine the amount of the debit to Cost of Goods Sold and credit to inventory are true.
The stock strategies practice to each perpetual and periodic stock systems. The stock costing strategies decide the quantity of the debit to Cost of Goods Sold and credit score to Inventory. Specific identification, weighted common fee, LIFO and FIFO are commonly familiar costing strategies.
Overstating the finishing stock will have an effect on a business's earnings statement. The overstated finishing stock will lessen the fee of the products offered withinside the equal amount, which decreases the cost related to the earnings statement.
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firm is considering purchasing a machine that costs $55,000. it will be used for six years, and the salvage value at that time is expected to be zero. the machine will save $25,000 per year in labor, but it will incur $7,000 operating and maintenance costs each year. the machine will be depreciated according to five-year macrs. the firm’s tax rate is 40% and its after-tax marr is 15%. should the machine be bought? (please show your work in form of income statement and cash flow statement for all the years.)
The company is considering shopping for a machine that costs $55,000. it will likely be used for six years, and the salvage fee at that point is anticipated to be 0.
The shopping decision relies upon the NPV of the gadget.
If the NPV is superb, the machine should be bought; otherwise should be declined.
SL depreciation (D) = (fee – Salvage fee) / lifestyles years
= (55e,000 – zero) / 6
= 55,000 / 6
= 9,167
net financial savings (NS) = financial savings – operating value – Depreciation
desk
year
D
NS
NS after tax (NAT)
CF = NAT + D
1
9167
25000-7000-9167 = 8833
8833 × (1 – zero.40) = 5299.eight
5299.eight + nine,167 = 14,466.8
25000-7000-9165 = 8835
8835 × (1 – 0.40) = 5301
5301 + 9,100,65 = 14,466
55,000
Now, NPV is completed via Excel
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business to consumer' is selling to the end consumer who uses the product. what is another word for this model?
In a B2C retail model, the final consumer who has purchased the product or service for personal use receives it directly from the firm. The B2B (business-to-business) model, which involves trading goods and services between businesses rather than between businesses and customers, is sometimes used to contrast it.
What kind of company sells to the final customer?Businesses that sell directly to consumers, or B2C, sell products and services. Consumers are end users who purchase goods or services for their own consumption.
What is the name for business-to-consumer?A business's relationship with a single customer is referred to as "business-to-consumer" (B2C). B2C, however, refers to all forms of direct-to-consumer selling.
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requires all customers to sign a release that contains a clause that releases kings from all liability in the event of an injury occurring during an amusement park ride, no matter who is at fault. this is an example of a. a covenant not to compete. b. an exculpatory clause. c. an adhesion contract. d. none of the choices.
The above contract is an example of an adhesion contract. The correct answer would be option C.
An agreement in which one party has a significant advantage over the other in determining the parameters of the contract is known as an adhesion contract. A standard set of terms and conditions that are the same as those provided to other customers is required for the existence of a contract of adhesion. Those terms and limitations are non-negotiable, so the contract's weaker party must accept it as written rather than asking for clauses to be added, deleted or amended. Boilerplate contracts and standard contracts are other names for adhesion agreements.
Adhesion contracts are frequently used for insurance, leases, car purchases, loans and other activities where there will be a large number of clients who will all fall under some type of common form of agreement.
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if easing a firm’s credit policy lengthens the collection period and results in a worsening of the aging schedule, then why do firms take such actions?
If easing a firm’s credit policy lengthens the collection period and results in a worsening of the aging schedule, the commercial paper is issued to finance inventory.
A credit score policy is a set of phrases that lays out how your business enterprise will difficulty credit to its customers and gather unpaid money owed. each time you invoice a consumer for services and begin working earlier than the client pays you, you're technically working on credit, even if you don't have a proper credit score policy.
The enterprise will make a bigger credit score to customers in the event that they meet its threshold criteria for the granting of a credit score. The primary shape of a credit score is a credit of $10,000, without a protection interest. The most credit score may be multiplied with the approval of the credit score manager.
So, the objective of the credit score coverage is to feature incremental income via running as an advertising device for a firm. firms do now not engage in credit only for sales maximization. If it had been so, the company would have a totally lenient credit score policy in which it would offer credit to all firms with no strict requirements.
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in order to be useful to managers, managerial accounting reports should possess all of the following characteristics except a.provide objective measures of past operations and subjective estimates about future decisions b.be prepared in accordanc
Ensure your preparation follows generally recognized accounting rules.
What Are Accounting Principles?Accounting standards are the guidelines that companies and other organizations must follow when disclosing financial information. These rules regulate the terminology and practices that accountants must use, which facilitates the analysis of financial data.
What types of accounting principles are there?Accounting standards like GAAP and IFRS require businesses to record and report financial information in their books of accounts in accordance with preset guidelines and regulations called accounting principles. These standards help businesses provide accurate and honest financial accounts.
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A partnership began its first year of operations with the following capital balances:
Young, Capital: $143,000
Eaton, Capital: $104,000
Thurman, Capital: $143,000
The Articles of Partnership stipulated that profits and losses be assigned in the following manner:
Young was to be awarded an annual salary of $26,000 with $13,000 salary assigned to Thurman.
Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.
The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively.
Each partner withdrew $13,000 per year.
Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year.
21. What was Eaton's total share of net loss for the first year?
A. $3,900 loss.
B. $11,700 loss.
C. $10,400 loss.
D. $24,700 loss.
E. $9,100 loss.
22. What was the balance in Young's Capital account at the end of the first year?
A. $120,900.
B. $118,300.
C. $126,100.
D. $80,600.
E. $111,500.
The answers are shown. I just want to know how to get to those answers. Please show all your work/calculations. Step by step. Thank you!
Eaton's total share of net loss for the first year was $10400 and balance in Young's Capital account at the end of the first year was $118300.
It is given that net loss for the first year is $26000 and total interest to be given to all the partner is 10% of (143000+104000+143000) which is $39000 and total salaries to be given to partners is 39000 (26000+13000).
Eaton's portion is 2/10.
Thus, Eaton's portion =
Net Loss - Interest - Salaries
= ($26,000)- $39,000 - $39,000
= ($104,000) × 20%
= ($20,800)
Eaton's Share of net Loss = ($20,800) + Interest + Salary
= (20800) + 10400 + 0
= (10400)
It is given that Young's beginning balance of capital account is $143000. His share of interest is $14300 and salary is $26000.
His portion from profits is 50% of 104000 = (52000)
His drawings = 13000
Thus, Closing balance of Young's capital account
= Beginning + Interest + Salary + share of profit/loss - Withdrawals
= $143,000 + 14300 + 26000+(52000)-13000
= $118300
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A bond with a book value of $517,500 is retired (bought back) for $515,000. Which of the following statements is согrect? a. The loss on the debt retirement is $32,500 b. The gain on the debt retirement is $2,500. c. The gain on the debt retirement is $32,500. d. The gain or loss on the debt retirement can't be determined without knowing the initial bond issue price.
Option c. The gain on the debt retirement is $32,500.
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Debt can negatively affect your capacity to live off the assets of profits you've got hooked up to pay your payments once you prevent punching the clock. Debt bills subtract from the earnings of Social protection and financial savings in an IRA or other investment cars which you really want to be dwelling your great lifestyles.
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question 2 options: please provide your response to the nearest integer with no comma or $ sign. a tractor for over-the-road hauling is purchased for $51,000. it is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. calculate the depreciation deduction and the the book value during each year of the tractors life. using straight-line (sln) depreciation, provide depreciation and book value for year 5. depreciation for year 5
The book value and the depreciation deduction for each year of the tractor's life. Provide depreciation and book value using straight-line (sln) depreciation; the result is $14333.33 for year 5.
What is purchase example?10,000 pairs of shoes are ordered by Shoes Unlimited from a foreign vendor. This entails the issuing of a purchase agreement, which is a formal declaration by the business that it will buy the specified kind and number of shoes. They act as legally enforceable document of the goods/services which were ordered and serve as a significant tool for buyers by formalizing specifications and pricing.
Briefing:Straight line depreciation:
straight-line method=cost of assets-salvage value/expected life
=$51,000-$3,000/6
=$50,500
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