R. J. Graziano Wholesale Corp. uses the LIFO method of inventory costing. In the current year, profit at R. J. Graziano is running unusually high. The corporate tax rate is also high this year, but it is scheduled to decline significantly next year. In an effort to lower the current year's net income and to take advantage of the changing income tax rate, the president of R. J. Graziano Wholesale instructs the plant accountant to recommend to the purchasing department a large purchase of inventory for delivery 3 days before the end of the year. The price of the inventory to be purchased has doubled during the year, and the purchase will represent a major portion of the ending inventory value.

Required:
a. What is the effect of this transaction on this year's and next year's income statement and income tax expense? Why?
b. If R. J. Graziano Wholesale had been using the FIFO method of inventory costing, would the president give the same directive?
c. Should the plant accountant order the inventory purchase to lower income? What are the ethical implications of this order?

Answers

Answer 1

Answer:

a. What is the effect of this transaction on this year's and next year's income statement and income tax expense? Why?

The inventory account is a permanent asset account in the balance sheet, so it doesn't matter if the company purchases all that it can during the last days of December, it will not affect the income statement, nor their tax liability for the current year. A company only recognizes cost of goods sold when the goods are actually sold, not when they are purchased.

Since the company uses the LIFO (last in, first out) inventory method, all it will do is increase the value of ending inventory which changes into beginning inventory next year. You can reduce next year's income more by purchasing the goods next year.

b. If R. J. Graziano Wholesale had been using the FIFO method of inventory costing, would the president give the same directive?

If the company used the FIFO method, the result will be the same. Inventory is not COGS, whether you use FIFO, LIFO weighted average, specific identification, or any other acronym that you might come up with. At beginning of the year, inventory must be average to determine beginning inventory. it might help to increase COGS a little, therefore, decreasing net income, but the effects shouldn't be significant.

c. Should the plant accountant order the inventory purchase to lower income? What are the ethical implications of this order?

It is useless, and he should know it. The only implication is that this will help him realize his low IQ.

Answer 2

The last in first out is the common method specified by the generally accepted accounting principles (GAAP). It is the method used to maintain the account of inventory. It states that the recently purchased products are expensed at the first expense.  

a. The inventory account is a permanent asset account in the balance sheet, so it doesn't matter if the company purchases all that it can during the last days of December, it will not affect the income statement, nor their tax liability for the current year. A company only recognizes the cost of goods sold when the goods are actually sold, not when they are purchased.

b. If the company used the FIFO method, the result will be the same. Inventory is not COGS, whether you use FIFO, LIFO weighted average, specific identification, or any other acronym that you might come up with. At beginning of the year, inventory must be average to determine beginning inventory. it might help to increase COGS a little.

Therefore, decreasing net income, but the effects shouldn't be significant.

c. It is useless, and he should know it. The only implication is that this will help him realize his low IQ.

To know more about the LIFO method, refer to the link below:

https://brainly.com/question/17218525


Related Questions

‘Buffer stock’ is the level of stock​

Answers

Answer:

Hope it help you

Stayhomestaysafe

Plz mark my answer brainliest✍️✍️

Explanation:

Safety stock inventory, sometimes called buffer stock, is the level of extra stock that is maintained to mitigate risk of run-out for raw materials or finished goods due to uncertainties in supply or demand.

REAL NAME - SHRESTH DUBEY

Answer:

be safe

Explanation:

safety stock inventory, sometime called buffer stock,is the level of the extra stock that is maintained to mitigate risk of run out for raw material or finished goods due to uncertainty in supply or demand

I HOPE IT'S HELP U. ASKING QUESTIONS IS BEST THING IN READING.

ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 40,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $466,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan's actual manufacturing overhead for the year was $713,400 and its actual total direct labor was 41,000 hours.
Required:
Compute the company's pre-determined overhead rate for the year.

Answers

Answer:

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hour= 40,000

Estimated fixed overhead= $466,000

Variable manufacturing overhead of $3.00 per direct labor-hour.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (466,000/40,000) + 3

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

Daily demand for a certain product is normally distributed with a mean of 138 and a standard deviation of 13. The supplier is reliable and maintains a constant lead time of 7 days. The cost of placing an order is $17 and the cost of holding inventory is $0.40 per unit per year. There are no stock-out costs, and unfilled orders are filled as soon as the order arrives. Assume sales occur over 358 days of the year.
Your goal here is to find the order quantity and reorder point to satisfy a 73 percent probability of not stocking out during the lead time.
a. To manage inventory, the company is using
Continuous review system
Periodic review system
b. Find the order quantity. (Round your answer to the nearest whole number.)
Order quantity books
c. Find the reorder point. (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)
Reorder point

Answers

Answer:

A. Continuous review system

B. Order quantity = 2,049 Books

C. Reorder point=987

Explanation:

a. In order To manage inventory, the company is using what is called Continuous review system

b. Calculation to find the order quality

Using this formula

Order quantity = √((2DS)/H)

Let plug in the morning

Order quantity=√ ((2 x 49,404 x 17)/0.40)

Order quantity = 2,049 Books

(138*358=49,404)

C. Calculation for reorder point

First step is to find the σL

73 % S.L. - z = 0.613

Using this formula to find the σL

σL = (Lσ^2)

Let plug in the formula

σL=√(7(13)^2)

σL= 34.39

Second step is to find the Reorder point using this formula

R = d bar(L) + zσL

Let plug in the formula

Reorder point = (138)(7) + 0.613(34.39)

Reorder point = 966+21

Reorder point=987

Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator, who chooses the best proposal (effectively giving one side or the other $3 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of $300,000) who is effective at preparing the proposal in the best light. If neither hires a lawyer or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win nine tenths, or 0.9, of the time. Use the given information to fit in the expected payoff, in dollars, for each cell in the matrix.
Management (M)
No Lawyer Lawyer
No Lawyer L: M: S L: S M: S
Labor (L) Lawyer L: M: S L: S M: S
The Nash equilibrium for this game is for Management to_____a lawyer, and for Labor to_____a lawyer.

Answers

Answer: hire; hire

Explanation:

The Nash equilibrium for this game is for Management to hire a lawyer, and for Labor to hire a lawyer.

The Nash Equilibrium is the solution in a game where the parties are not cooperative with one another and refers to the strategy at which neither party would not want to move from as it would not benefit them to do so.

The Nash Equilibrium here is that they both hire a lawyer because if one side decides not to hire a lawyer, they could win only one tenths of the time. Both of them will therefore hire lawyers and neither would go without a lawyer on the chance that the other hires a lawyer.

The technique recommended by the text to organize an analysis of external strategic factors is called

Answers

you know you can find the answer on google

Consider the following scenario:
Cold Goose Metal Works Inc.’s income statement reports data for its first year of operation. The firm’s CEO would like sales to increase by 25% next year.

1. Cold Goose is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT).
2. The company’s operating costs (excluding depreciation and amortization) remain at 70.00% of net sales, and its depreciation and amortization expenses remain constant from year to year.
3. The company’s tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT).
4. In Year 2, Cold Goose expects to pay $300,000 and $2,306,475 of preferred and common stock dividends, respectively.
Complete the Year 2 income statement data for Cold Goose, then answer the questions that follow. Round each dollar value to the nearest whole dollar.
Cold Goose Metal Works Inc.
Income Statement for Year Ending December 31
Year 1 $30,000,000 21,000,000 1,200,000 $7,800,000$
Year 2 (Forecasted)
Net sales Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses Operating income (or EBIT) Less: Interest expense Pre-tax income (or EBT) Less: Taxes (40%) Earnings after taxes Less: Preferred stock dividends Earnings available to common shareholders Less: Common stock dividends Contribution to retained earnings 1,200,000 780,000 $7,020,000 2,808,000 $4,212,000s 300,000 $3,912,000 1,895,400 $1,605,525 $2,519,025
Given the results of the previous income statement calculations, complete the following statements:
In Year 2, if Cold Goose has 25,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive____________ ▼ in annual dividends
If Cold Goose has 200,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from __________ in Year 1 to in ________ Year 2
Cold Goose's before interest, taxes, depreciation and amortization (EBITDA) value changed from _______ in Year 1 to in ______ Year 2
It is __________▼ to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, $1,605,525 and $2,519,025, respectively. This is because ▼ of the items reported in the income statement involve payments and receipts of cash

Answers

Answer:

Cold Goose Metal Works Inc.

1. Completion of the Year 2 Income Statement for Cold Goose:

Cold Goose Metal Works Inc.

Income Statement for Year Ending December 31                    

                                                                                 Year 1                  Year 2    

                                                                                                     (Forecasted)

Net sales                                                       $30,000,000       $37,500,000

Less: Operating costs, except depreciation

 and amortization                                           21,000,000          28,125,000

Less: Depreciation & amortization expenses 1,200,000            1,200,000

Operating income (or EBIT)                           $7,800,000          $8,175,000

Less: Interest expense                                       780,000            1,226,250

Pre-tax income (or EBT)                                $7,020,000         $6,948,750

Less: Taxes (40%)                                           2,808,000            2,779,500

Earnings after taxes                                      $4,212,000          $4,169,250

Less: Preferred stock dividends                       300,000               300,000

Earnings for common shareholders            $3,912,000          $3,869,250

Less: Common stock dividends                     1,895,400            2,306,475

Contribution to retained earnings               $1,605,525          $1,562,775

2. Given the results of the previous income statement calculations, complete the following statements:

In Year 2, if Cold Goose has 25,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive____$12________ ▼ in annual dividends .

If Cold Goose has 200,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from ____$19.56______ in Year 1 to in ___$19.35_____ Year 2 .

Cold Goose's before interest, taxes, depreciation and amortization (EBITDA) value changed from _$21,000,000______ in Year 1 to in _$28,125,000_____ Year 2 .

It is __wrong________▼ to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, $1,605,525 and $1,562,775 ($2,519,025), respectively. This is because not all ▼ of the items reported in the income statement involve payments and receipts of cash

Explanation:

a) Data and Calculations:

Cold Goose Metal Works Inc.

Income Statement for Year Ending December 31                    

                                                                                 Year 1                  Year 2    

                                                                                                     (Forecasted)

Net sales                                                       $30,000,000       $37,500,000

Less: Operating costs, except depreciation

 and amortization                                           21,000,000          28,125,000

Less: Depreciation & amortization expenses 1,200,000            1,200,000

Operating income (or EBIT)                           $7,800,000          $8,175,000

Less: Interest expense                                       780,000            1,226,250

Pre-tax income (or EBT)                                $7,020,000         $6,948,750

Less: Taxes (40%)                                           2,808,000            2,779,500

Earnings after taxes                                      $4,212,000          $4,169,250

Less: Preferred stock dividends                       300,000               300,000

Earnings for common shareholders            $3,912,000          $3,869,250

Less: Common stock dividends                     1,895,400            2,306,475

Contribution to retained earnings               $1,605,525          $1,562,775

b) Forecasts:

1. Sales = $30 million * 1.25 = $37.5 million

2. Operating costs = 75% of sales = $28,125,000 (0.75 * $37.5 million)

3. Interest expense = 15% of EBIT = $1,226,250 (15% * $8,175,000)

4. Taxes = 40% of EBT = $2,779,500 (40% * $6,948,750)

5. Preferred dividend per share = $12 ($300,000/25,000)

6. Earnings per share = $19.56 ($3,912,000/200,000) Year 1 and $19.35       ($3,869,250/200,000) in Year 2

Ian loaned his friend $20,000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest rate of 7% on the loan. He also expects his friend to pay back the loan over the next four years by making annual payments at the end of each year. Ian texted and asked that you help him calculate the annual payments that he should expect to receive so that he can recover his initial investment and earn the agreed-upon 7% on his investment.

Required:
Calculate the annual payment and complete the following capital recovery schedule:

Year Beginning Amount Payment Interest Paid Principal Paid Ending Balance

Answers

Answer:

Ian and His Friend's Business Loan

a. Annual payment = $5,904.56

b. Capital Recovery Schedule:

Year   Beginning            Payment     Interest        Principal         Ending

           Amount                                      Paid             Paid            Balance

1          $20,000          $-5,904.56    $1,400        $4,504.56   $15,495.44

2        $15,495.44       $-5,904.56    $1,084.68   $4,819.88    $10,675.56

3.       $10,675.56       $-5,904.56    $747.29      $5,157.27     $5,518.29

4.       $5,518.29         $-5,904.56    $386.27      $5,518.29    $0

Explanation:

Ian's loan to his friend = $20,000

Interest rate = 7%

Payback period = 4 years

Repayment = annual at the end of each year.

Ian can retrieve $5,904.56 at the end of each period to reach the future value of $20,000.00 and total interest of $3,618.25.

Using an online financial calculator:

N (Number of Periods) 4.000

I/Y (Interest Rate) 7.000%

PMT (Periodic Payment) $-5,904.56

Starting Investment $20,000.00

Total Interest $3,618.25

Randy likes baseball more than football, football more than basketball, and basketball more than baseball. Which assumption about consumer preferences does this violate

Answers

Answer:

transitivity

Explanation:

As it is given that

Baseball > football

football > basketball

Basketball > baseball

Based on the above information

The consumer preference of transitivity is violated as the transitivity refers to a process in which the preference of the one good is given over  another good

So in the given situation, the third option is correct and the same is to be considered

Wave Marine Products had sales revenue of $850,000 for the year-ended December 31, 2017.

a. December revenue totaled $120,000, and in addition, Big Wave collected sales tax of 5%. The tax amount will be sent to the state of Florida early in January.
b. On August 31, Big Wave signed a six-month, 4% note payable to purchase a boat costing $85,000. The note requires payment of principal and interest at maturity
c. On August 31 Big Wave received cash of S2,400 in advance for service revenue. This revenue will be earned evenly over six months.
d. Revenues of $850,000 were covered by Big Wave service warranty. At January 1, estimated warranty payable was $11,600. During the year, Big Wave recorded warranty expense of $34,000 and paid warranty claims of $34,800.
e. Big Wave owes $70,000 on a long-term note payable. At December 31, 12% interest for the year plus $35,000 of this principal are payable within one year.

Required:
For each item, indicate the account and the related amount to be reported as a current liability on the Big Wave Marine balance sheet at December 31.

Answers

Answer: Check explanation

Explanation:

a. Sales tax payable

Amount = $120,000 × 5%

= $120,000 × 0.05

= $6000

b. Notes payable, short term

Amount = $85000

Interest payable = $85000 × 4% × 4/12

= $1133.3

c. Unearned revenue

Amount: $2400 × 2/6

= $800

d. Accrued Warranty Payable

Amount = $11600 + $34000 - $34800

= $10800

e. Current portion of long term note payable

Amount = $35,000

Interest payable

Amount = $70000 × 12%

= $8400

free brainlyest. first answer gets it

Answers

Answer:

adasdw

Explanation:

Answer:

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Assume a par value of $1,000. Caspian Sea plans to issue a 9.00 year, semi-annual pay bond that has a coupon rate of 8.04%. If the yield to maturity for the bond is 7.79%, what will the price of the bond be

Answers

Answer:

$1,015.96

Explanation:

The Price of the Bond (PV) can be calculated as follows :

Fv = $1,000

Pmt = ($1,000 × 8.04%) ÷ 2 = $40.20

n = 9 × 2 = 18

p/yr = 2

i = 7.79%

pv = ?

Using a financial calculator to input the values as shown above, the Price of the Bond (PV) is $1,015.96

Del Gato Clinic's cash account shows a $11,589 debit balance and its bank statement shows $10,555 on deposit at the close of business on June 30. Outstanding checks as of June 30 total $1,829. The June 30 bank statement lists a $16 bank service charge. Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476. The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.
Prepare its bank reconciliation using the above information.
DEL GATO CLINIC
Bank Reconciliation
June 30
Book balance
Add: Bank statement balance
Add:
Deduct: Deduct:
Adjusted bank balance Adjusted book balance

Answers

Answer:

Bank Reconciliation

Bank Statement Balance                                    10,555

Add: June 30 Deposit                                          2,856

                                                                              13,411

Less: Outstanding Checks                                 (1,829)

Adjusted bank balance                                     $11,582

Bank Reconciliation

Book Balance                                                            11,589

Add: Error in Check 919 (479 - 467)                                 9

                                                                                   11,598

Less: Bank service charge                                        (    16)

Adjusted book balance                                            11,582

On August 20th, one of your employees comes to you with a vacation request. The employee’s available vacation time expires on September 1st, however she wants to take her vacation between September 20th through the 25th.


She asks you to submit her vacation request to the corporate office for the week prior to September 1st, and wants you to not schedule her for the days between the 20th and 25th, and she wants her "vacation" pay for those days.


Would you do it? Why? or Why Not?

Answers

Answer:

No

Explanation:

Her vacation is expired and therefore invalid. Also she is requesting for a pay during this period which counters Amy form of sympathy for this employee. However, depending on the relationship the employee has with her employer, there might be a compromise especially if the employee really does need the vacation as she may be burned out or may have postponed vacation till expiration for the interest of the company

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows:

Job 201 $4,280
Job 202 2,140
Job 203 1,690
Job 204 3,140

Factory supervision 1,460 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $22 per direct labor hour. The direct labor rate is $15 per hour. If required, round final answers to the nearest dollar.

Required:
a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for November.

Answers

Answer:

Part a.

Work In Process : Job 201 $64,200 (debit)

Work In Process : Job 202 $32,100 (debit)

Work In Process : Job 203 $25,350 (debit)

Work In Process : Job 204 $47,100 (debit)

Salaries Payable $168,750 (credit)

Part b.

Work In Process : Job 201 $94,160 (debit)

Work In Process : Job 202 $47,080 (debit)

Work In Process : Job 203 $37,180 (debit)

Work In Process : Job 204 $69,080 (debit)

Overheads $168,750 (credit)

Explanation:

Calculation of Labor Cost :

Job 201  = 4,280 hours × $15 = $64,200

Job 202 = 2,140 hours × $15  = $32,100

Job 203 = 1,690 hours × $15  = $25,350

Job 204 = 3,140 hours × $15  = $47,100

Application of overhead to jobs :

Job 201  = 4,280 hours × $22 = $94,160

Job 202 = 2,140 hours × $22  = $47,080

Job 203 = 1,690 hours × $22   = $37,180

Job 204 = 3,140 hours × $22 = $69,080

The lease agreement specified quarterly payments of $6,500 beginning September 30, 2021, the beginning of the lease, and each quarter (December 31, March 31, and June 30) through June 30, 2024 (three-year lease term). The florist had the option to purchase the truck on September 29, 2023, for $13,000 when it was expected to have a residual value of $19,000. The estimated useful life of the truck is four years. Mid-South Auto Leasing’s quarterly interest rate for determining payments was 3% (approximately 12% annually). Mid-South paid $51,000 for the truck. Both companies use straight-line depreciation or amortization. Anything Grows’ incremental interest rate is 12%.

Required:
a. Calculate the amount of selling profit that Mid-South would recognize in this sales-type lease. (Be careful to note that, although payments occur on the last calendar day of each quarter, since the first payment was at the beginning of the lease, payments represent an annuity due.)
b. Prepare the appropriate entries for Anything Grows and Mid-South on September 30, 2021.
c. Prepare an amortization schedule(s) describing the pattern of interest expense for Anything Grows and interest revenue for Mid- South Auto Leasing over the lease term.
d. Prepare the appropriate entries for Anything Grows and Mid-South Auto Leasing on December 31, 2021.
e. Prepare the appropriate entries for Anything Grows and Mid-South on September 29, 2023, assuming the purchase option was exercised on that date.

Answers

Answer:

a) sales revenue     75,760

  cost of good sold 51,000

gross profit:             24,760

b)

LESSOR ENTRIES:

lease receivable  69,260 debit

cash                        6,500 debit

  sales revenue     75,760 credit

--to record sale on lease--

cost of good sold 51,000 debit

    Inventory            51,000 credit

--to record cost--

LESEE ENTRIES:

equipment 75,760 debit

 lease liability    69,260 credit

 cash                    6,500 credit

Lease Schedule:

[tex]\left[\begin{array}{cccccc}Time&Beg&Cuota&Interest&Amort&Ending\\0&75760&6500&&6500&69260\\1&69260&6500&2078&4422&64838\\2&64838&6500&1945&4555&60283\\3&60283&6500&1808&4692&55591\\4&55591&6500&1668&4832&50759\\5&50759&6500&1523&4977&45782\\6&45782&6500&1373&5127&40655\\7&40655&6500&1220&5280&35375\\8&35375&6500&1061&5439&29936\\9&29936&6500&898&5602&24334\\10&24334&6500&730&5770&18564\\11&18564&6500&557&5943&12621\\12&12621&13000&379&12621&0\\\end{array}\right][/tex]

December 31st, 2021  (1st payment)

LESEE ENTRIES:

lease liability        4,422 debit

interest expense 2,078 debit

     cash                     6,500 credit

--to record payment--

depreciation expense 3,547.5 debit

       acc depreciation      3,547.5 credit

--to record depreciation--

LESSOR ENTRIES:

cash 6,500 debit

     lease receivables  4,422 credit

    interest revenue    2,078 credit

e) option exercised:

LESEE ENTRIES:

lease liability       12,621 debit

interest expense     379 debit

     cash                     13,000 credit

--to record purchase option--

LESSOR ENTRIES:

cash 13,000 debit

     lease receivables  12,621  credit

    interest revenue         379 credit

--to record purchase option--

Explanation:

We solve for the present value of the lease:

Present Value of Annuity-due

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C $6,500

time 12

rate     0.03

[tex]6500 \times \frac{1-(1+0.03)^{-12} }{0.03} = PV\\[/tex]

PV $66,642.0567

+ 13,000 purchase option on June 2024:

PRESENT VALUE OF LUMP SUM

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity  13,000.00

time   12.00

rate  0.03

[tex]\frac{13000}{(1 + 0.03)^{12} } = PV[/tex]  

PV   9,117.94

Total lease receivables: 66,642.06 + 9,117.94 = 75,760

a) sales revenue     75,760

  cost of good sold 51,000

gross profit:             24,760

d) depreciation on equipment:

(75,760 - 19,000) / 4 year = 14,190 per year

we divide by four as only a quarter of the year past:

14,190 / 4 quarter = 3,547.5

It is the lesee which does the depreicaiton as the Truck possesion belong to it.

What term means an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ use? A. deflation B. hyperinflation C. stagflation D. maginflation

Answers

Answer:

hyperinflation

Explanation:

Hyperinflation is a term in economics that denotes an out-of-control, rise in prices of goods and services . When the inflation rate is rapidly rising, say by more than 50% per month, then it is a case of hyperinflation.

Hence, hyperinflation is an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ use.

Masterson, Inc., has 4.1 million shares of common stock outstanding. The current share price is $84, and the book value per share is $11. The company also has two bond issues outstanding. The first bond issue has a face value of $70 million, has a coupon rate of 5.1%, and sells for 98% of par. The second issue has a face value of $50 million, has a coupon rate of 5.60%, and sells for 108% of par. The first issue matures in 20 years, the second in 12 years. The most recent dividend was $3.95 and the dividend growth rate is 5 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 21 percent. What is the company’s WACC?

Answers

Answer:

The answer is "8.37%".

Explanation:

[tex]\text{MV of equity} = \text{equity price} \times \text{number of outstanding shares}[/tex]

                     [tex]=84 \times 4100000\\\\=344400000[/tex]

[tex]\text{MV of Bond1}=\text{Par value} \times \text{bonds outstanding} \times \text{age of percentage}[/tex]

                      [tex]=1000 \times 70000 \times 0.98 \\\\=68600000[/tex]

[tex]\text{MV of Bond2}=\text{Par value} \times \text{bonds outstanding} \times \text{age of percentage}[/tex]

                      [tex]=1000 \times 50000 \times 1.08 \\\\=54000000[/tex]

[tex]\text{MV of firm} = \text{MV of Equity} + \text{MV of Bond1}+ \text{MV of Bond 2}[/tex]

                  [tex]=344400000+68600000+54000000\\\\=467000000[/tex]

[tex]\text{Weight of equity W(E)} = \frac{\text{MV of Equity}}{\text{MV of firm}}[/tex]

                                     [tex]= \frac{344400000}{467000000}\\\\=0.7375[/tex]

[tex]\text{Weight of debt W(D)}= \frac{\text{MV of Bond}}{\text{MV of firm}}[/tex]

                                  [tex]= \frac{122600000}{467000000}\\\\=0.2625[/tex]

Equity charges

By DDM.  

[tex]\text{Price = new dividend} \times \frac{(1 + \text{rate of growth})}{( \text{Equity expense-rate of growth)}}[/tex]

[tex]84 = 3.95 \times \frac{(1+0.05)}{(\text{Cost of equity}- 0.05)}\\\\84 = 3.95 \times \frac{(1.05)}{(\text{Cost of equity} - 0.05)}\\\\84 = \frac{4.1475}{ (\text{Cost of equity} - 0.05)}\\\\\text{Cost of equity} -0.05 = \frac{4.1475}{84}\\\\\text{Cost of equity} -0.05 = 0.049375\\\\\text{Cost of equity} = 0.049375 + 0.05\\\\\text{Cost of equity} = 0.099375 \\\\\text{Cost of equity} \% = 9.9375 \% \ \ \ or \ \ \ 9.94 \% \\\\[/tex]

Debt expenses  

Bond1

[tex]K = N \times 2 \\\\[/tex]

[tex]Bond \ Price = \sum [ \frac{\text{(Semi Annual Coupon)}}{(1 + \frac{YTM}{2})^k}] + \frac{Par\ value}{(1 + \frac{YTM}{2})^{N \times 2}}[/tex]

[tex]k=1\\\\K =20 \times 2\\\\980 = \sum [ \frac {(5.1 \times \frac{1000}{200})}{(1 + \frac{YTM}{200})^k}] + \frac{1000}{(1 + \frac{YTM}{200})}^{20 \times 2}\\\\k=1\\\\\ YTM1 = 5.2628923903\\\\Bond2\\[/tex]

[tex]K = N \times 2[/tex]

[tex]Bond \ Price = \sum [ \frac{\text{(Semi Annual Coupon)}}{(1 + \frac{YTM}{2})^k}] + \frac{Par\ value}{(1 + \frac{YTM}{2})^{N \times 2}}[/tex]

[tex]k=1\\\\K =12 \times 2\\\\[/tex]

[tex]1080 =\sum [\frac{(5.6 \times \frac{1000}{200})}{(1 + \frac{YTM}{200})^k}] +\frac{1000}{(1 +\frac{YTM}{200})^{12 \times 2}} \\\\k=1\\\\YTM2 = 4.72\\\\[/tex]

[tex]\text{Company debt costs} = YTM1 times \frac{(MV \ bond1)}{(MV \ bond1+MV \ bond2)}+YTM2 \times \frac{(MV \ bond2)}{(MV \ bond2)}\\\\[/tex]

The cost of the debt for the company:

[tex]= 5.2628923903 \times \frac{(68600000)}{(68600000+54000000)}+4.72 \times \frac{(68600000)}{(68600000+54000000)}\\\\[/tex]

Business debt cost=[tex]5.02 \% \\\\[/tex]

after taxation cost of debt:  

[tex]= \text{cost of debt} \times (1- tax \ rate)\\\\= 5.02 \times (1-0.21)\\\\= 3.9658\\\\[/tex]

[tex]WACC= \text{after debt charges} \times W(D)+equity cost \times W(E) \\\\[/tex]

            [tex]=3.97 \times 0.2625+9.94 \times 0.7375 \\\\ =8.37 \% \\\\[/tex]

Tommy is from a small town and quit high school to get married. He and his wife have five kids, and his wife stays home with the children. Tommy is a hard worker and strives to provide for his family, although his skills are limited. Tommy has been a butcher for his entire career. He has been with his present company, a large retail grocer, for the past six years performing the same job. There are twelve people in the meat department, and each one specializes in cutting certain types of meat. Tommy's job is to cut ribeye steaks. Cutting ribeye steaks is very precise and requires holding and using a knife in the same way every day. This requirement has started to cause Tommy pain in his right hand. Although Tommy still likes his work, he is getting a little bored of the repetition and is bothered by the pain.

The quality of Tommy’s work has not suffered, but the store managers can tell that he is getting bored. What could they do to keep him better engaged?

a. Purchase special ergonomic mats to help with the pain associated with standing on the hard floor every day.
b. Motivate Tommy by giving him feedback about how skilled he is in cutting ribeye and explain that customers visit the store for his custom steaks.
c. Offer Tommy more money because he is so good at cutting meat.
d. Cross train the employees in the meat department, so beef cutters can learn how to cut pork and vice versa.
e. Administer a work personality quiz to Tommy to see if there is another area in the store where he could move to, such as the produce department.

Answers

Answer: d. Cross train the employees in the meat department, so beef cutters can learn how to cut pork and vice versa.

Explanation:

Since the quality of Tommy’s work has not suffered, but the store managers can tell that he is getting bored, the thing that could be done to keep him better engaged is to cross train the employees in the meat department, so beef cutters can learn how to cut pork and vice versa. Cross training helps the workers in the company appreciate the workers of others in other department and shows workers flexibility.

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows.

Work in Process, May 1 (54,000 units, 100% complete for direct materials, 35% complete with respect to conversion costs; includes $78,500 of direct material cost; $42,050 of conversion costs).

Units started in May 233,000
Units completed in May 208,000

Work in Process, May 31 (79,000 units, 100% complete for direct materials; 15% complete for conversion costs).

Costs incurred in May

Direct materials $391,440
Conversion costs $401,900

Required:
If Pitt Enterprises uses the FIFO method of process costing, compute the cost per equivalent unit for direct materials and conversion costs respectively for May.

Answers

Answer:

cost per equivalent unit : materials = $1.37  and conversion costs = $1.78.

Explanation:

Please note that we have to use FIFO costing method

Calculation of the Equivalent Units of Production with respect to Materials and Conversion Costs

1. Raw Materials

To finish Beginning Work In Process (54,000 × 0%)                         0

Started and Completed ((233,000 - 54,000) × 100%)                  179,000

Ending Work In Process (79,000 × 100%)                                      79,000

Equivalent Units of Production with respect to Materials           258,000

1. Conversion Cost

To finish Beginning Work In Process (54,000 × 65%)                   35,100

Started and Completed ((233,000 - 54,000) × 100%)                  179,000

Ending Work In Process (79,000 × 15%)                                          11,850

Equivalent Units of Production with respect to Conversion       225,950

Calculation of the cost per equivalent unit for direct materials and conversion costs.

Unit Cost = Current Period Costs ÷ Equivalent units of production

1. Raw Materials

Unit Cost = $391,440 ÷ 258,000

                = $1.37

2. Conversion Cost

Unit Cost = $401,900 ÷ 225,950

                = $1.78

The two forms of business financing are _____ (borrowed funds) and _____ (ownership funds). Group of answer choices

Answers

Answer:

*debt

*equity

Explanation:

Business financing are regarded to ways in which individual or organization can seek funds to manage business activities. These activities can be to purchase raw materials, running of the business and so on. Funds can be seek can from financial institution such as bank

The two forms of business financing are debt(borrowed funds) and equity (ownership funds.

Debt which is borrowed funds is way to source funds for business activities, it's a means to seek fund for working capital capital, however it will be paid back with interest at a given period of time.

Equity which is ownership funds, is another way to source funds for business activities through selling of shares of that particular organization to investors, and others

In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical Union. Atlanta agreed to a type of arrangement known as a(n)

Answers

Answer: closed shop

Explanation:

From the question, we are informed that in the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical Union.

It should be noted that here, Atlanta agreed to a type of arrangement known as closed shop. This occurs when the workers have to belong to a particular union before they'll be employed. This was legal in 1930 but it was later declared illegal by Taft Hartley Act.

Post the journal entries to the​ T-accounts, using transaction dates as posting references in the ledger accounts.

Jul.
1. Yardley contributed $68,000 cash to the business in exchange for common stock.
5. Paid monthly rent on medical equipment, $510.
9. Paid $16,000 cash to purchase land to be used in operations.
10. Purchased office supplies on account, $1 ,600.
19. Borrowed $26,000 from the bank for business use.
22. Paid $1 , 100 on account.
28. The business received a bill for advertising in the daily newspaper to be paid in August, $250.
31. Revenues earned during the month included $6,300 cash and $5,300 on account.
31. Paid employees' salaries $1 ,900, office rent $1 ,400, and utilities $600. Record as a compound entry.
31. The business received $1 ,340 for medical screening services to be performed next month.
31. Paid cash dividends of $6,900.

Answers

Answer:

July 1. Yardley contributed $68,000 cash to the business in exchange for common stock.

Dr cash 68,000

    Cr common stock 68,000

July 5. Paid monthly rent on medical equipment, $510.

Dr rent expense 510

    Cr cash 510

July 9. Paid $16,000 cash to purchase land to be used in operations.

Dr land 16,000

    Cr cash 16,000

July 10. Purchased office supplies on account, $1 ,600.

Dr office supplies 1,600

    Cr accounts payable 1,600

July 19. Borrowed $26,000 from the bank for business use.

Dr cash 26,000

    Cr notes payable 26,000

July 22. Paid $1,100 on account.

Dr accounts payable 1,100

    Cr cash 1,100

July 28. The business received a bill for advertising in the daily newspaper to be paid in August, $250.

Dr advertising expense 250

    Cr accounts payable 250

July 31. Revenues earned during the month included $6,300 cash and $5,300 on account.

Dr cash 6,300

Dr accounts receivable 5,300

    Cr service revenue 11,600

July 31. Paid employees' salaries $1 ,900, office rent $1 ,400, and utilities $600. Record as a compound entry.

Dr wages expense 1,900

Dr rent expense 1,400

Dr utilities expense 600

    Cr cash 3,900

July 31. The business received $1 ,340 for medical screening services to be performed next month.

Dr cash 1,340

    Cr unearned revenue 1,340

July 31. Paid cash dividends of $6,900.

Dr dividends 6,900

    Cr cash 6,900

cash

              debit                    credit

July 1      68,000

July 5                                  510

July 9                                  16,000

July 19    26,000

July 22                                1,100

July 31    6,300

July 31                                  3,900

July 31    1,340

July 31                                 6,900

               101,640

accounts receivable

              debit                    credit

July 31    5,300

office supplies

              debit                    credit

July 10   1,600

land

              debit                    credit

July 9     16,000

accounts payable

              debit                    credit

July 10                                1,600

July 22   1,100

July 28                              250    

                                          750

unearned revenue

              debit                    credit

July 31                                1,340

notes payable

              debit                    credit

July 19                                26,000

common stock

              debit                    credit

July 1                                  68,000

service revenue

              debit                    credit

July 31                                11,600

rent expense

              debit                    credit

July 5     510

July 31    1,400

advertising expense

              debit                    credit

July 28   250

wages expense

              debit                    credit

July 31   1,900

utilities expense

              debit                    credit

July 31    600

dividends

              debit                    credit

July 31    6,900

On January 1, 2020, Meeks Corporation issued $5,000,000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2020 is

a. Cash........................................................................................ 5,000,000
Bonds Payable............................................................... 5,000,000

b. Cash........................................................................................ 5,100,000
Bonds Payable............................................................... 5,100,000

c. Premium on Bonds Payable ................................................... 100,000
Cash........................................................................................ 5,000,000
Bonds Payable............................................................... 5,100,000

d. Cash........................................................................................ 5,100,000
Bonds Payable............................................................... 5,000,000
Premium on Bonds Payable .......................................... 100,000

Answers

Answer:

d. Cash........................................................................................ 5,100,000

Bonds Payable............................................................... 5,000,000

Premium on Bonds Payable .......................................... 100,000

Explanation:

The Journal entry is shown below:-

Cash Dr, $5,100,000 ($5,000,000 × 1.02)

    To Bonds payable $5,000,000

       To Premium on Bonds payable $100,000

(Being cash is recorded)

Here we debited the cash as it increases the assets and we credited the bonds payable and premium on bonds payable as it also increases the liabilities.

Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12-month and 24-month contracts. The corporation provides services to each customer every month. On July 1, 2019, Bigham sold the following customer contracts:
Length of contract Total Proceeds
12 months $40,000
24 months $80,000
Determine the income to be recognized in taxable income in 2019 and 2020.
Length of Contract 2019 Income 2020 Income
12 months $ $
24 months $ $

Answers

Answer: See explanation

Explanation:

Length of contract: 12 months

Income recorded in 2019:

= $40,000 × 6/12

= $40,000 × 1/2

= $20,000

Income recorded in 2020:

= $40,000 × 6/12

= $40,000 × 1/2

= $20,000

Length of contract: 24 months

Income recorded in 2019:

= $80,000 × 6/24

= $80,000 × 1/4

= $20,000

Income recorded in 2020:

= $80,000 × 18/24

= $80,000 × 3/4

= $60,000

Use the information about Billy's Burgers to answer the following question(s):

Billy's Burgers

Figures in​ $ millions

Income Statement 2010 Balance Sheet 2010
Net Sales 246.0 Assets
Costs exc. Dep. 187.0 Cash 8.0
EBITDA 59.0 Accts. Rec. 21.0
Depreciation 17.2 Inventories 23.0
EBIT 41.8 Total Current Assets 52.0
Interest 12.0 Net PP​&E 145.0
Pretax Income 29.8 Total Assets 197.0
Taxes 10.4
Net Income 19.4 Liabilities and Equity Accts.
Payable 18.0 LongTerm Debt 82.0
Total Liabilities 100.0 Total​ Stockholders' Equity 97.0
Total Liabilities and Equity 197.0

Required:
Using the percent of sales method, and assuming 20% growth in sales, estimate Billy's Burgers' Accounts Receivable for 2011.

a. $21.0 million
b. $18.0 million
c. $25.2 million
d. $21.6 million

Answers

Answer:

c. $25.2 million

Explanation:

Billy's Burgers' Accounts receivable 2011 = Accounts receivable 2010 *(1+Growth rate)

Billy's Burgers' Accounts receivable 2011 = $21,000,000 * (1+0.20)

Billy's Burgers' Accounts receivable 2011 = $21,000,000 * (1.20)

Billy's Burgers' Accounts receivable 2011 = $25,200,000.

BENEFITS OF COPORATE GOVERNANCE

Answers

Explanation:

Reducing the cost of capital. In today’s volatile environment, the implementation of good governance practices can lead to a reduction in a company’s cost of capital. An organisation that is seen to be stable, reliable and able to mitigate potential risks will be able to borrow funds at a lower rate than those with weak corporate governance. Companies with debt or equity investors may find that their investors pay a premium to work with a company that has a sound governance framework.

Improving top-level decision-making. There is a strong and demonstrable link between an organisation’s governance and rapid decision-making associated with improved performance, explains the Corporate Governance Institute in a recent report. Moreover, a number of performance failures have been directly linked to poor governance. There is no doubt that good governance assures rapid access to information and the good communication among stakeholders that leads to better results. Good governance also enables rapid and accurate prioritising of actions. This can prove invaluable in enabling the organisation to weather tough economic storms and supports the organisation’s sustainability

Selected Information from Balance Sheets (As of Year End for Years 0 and 1)
Year 0 Year 1
Cash 1,000 2,000
Accounts Receivables 1,000 5,000
Inventory 5,000 4,000
Property, Plant and Equipment (net) 12,000 11,000
Accounts Payable 5,000 4,000
Unearned Revenue 2,000 1,000
Bonds Payable 5,000 6,000
Common Stock 3,000 4,000
Retained Earnings 5,000 7,000
Income Statement (Year 1)
Sales 20,000
Costs of Goods Sold (8,000)
Wage Expense (4,000)
Depreciation Expense (2,000)
Loss from PP&E Sale (1,000)
Net Income Before Tax 5,000
Tax Expense (2.000)
Net Income 3.000
In the space provided, prepare the Operating section of the statement of cash flow for Year 1, using the indirect approach.

Answers

Answer:

The Operating Activities section of the Statement of Cash Flow for Year 1:

Net Income                          $3,000

Add non-cash expenses:

Depreciation Expense          2,000

Loss from PP&E Sale             1,000

Operating cash flow                               6,000

Changes working capital                      -5,000

Net cash flow from operating activities 1,000

Explanation:

Changes in working capital items:

                                      Year 0   Year 1    Changes

Accounts Receivables   1,000   5,000       -4,000

Inventory                       5,000   4,000        1,000

Accounts Payable         5,000   4,000      -1,000

Unearned Revenue      2,000    1,000      -1000

Net changes in working capital             -5,000

Sheridan Company sells radios for $50 per unit. The fixed costs are $445000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that fixed costs will increase by $65000 and variable costs will be 50% of the selling price. The new break-even point in units is:

Answers

Answer:

Break-even point in units= 2,600

Explanation:

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Fixed costs= $65,000

Contribution margin per unit= 50*0.5= $25

Break-even point in units= 65,000/25

Break-even point in units= 2,600

Alternative price indexes
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator. The GDP deflator for this year is calculated by dividing the_____using______by the_____using_____and multiplying by 100. However, the CPI reflects only the prices of all goods and services.
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States.
Scenario Shows up
in the...
GDP Deflator
Index CPI
An increase in the price of a Chinese-
made phone that is popular among
U.S. consumers.
A decrease in the price of a Treewood
Equipment feller buncher, which is a
commercial forestry machine made in
the U.S. but not bought by U.S. consumers.

Answers

Answer and Explanation:

The consumer price index refers to an index in which the prescribed market cost of goods & services by the prices years from the base year prices of the prescribed market basket and then it is multiplied by 100.

But the Gross Domestic Inflator would be represented when the all types of prices of goods and services generated domestically

An increase in the price refelected the GDP deflator

And, the decrease in the price of treewood represents CPI

In 2013, Space Technology Company modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures:
Basic research to develop the technology $ 2,000,000
Engineering design work 680,000
Development of a prototype device 300,000
Acquisition of equipment 60,000
Testing and modification of the prototype 200,000
Legal and other fees for patent application on the new
communication system 40,000
Legal fees for successful defense of the new patent 20,000
Total $ 3,300,000
The equipment will be used on this and other research projects. Depreciation on the equipment for 2013 is $10,000.
During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all of the above as costs of the patent. Management contends that the device simply represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized.
Required:
Prepare correcting entries that reflect the appropriate treatment of the expenditures.
1. Record the correcting entry to expense R&D costs incorrectly capitalized
2. Record the correcting entry to capitalize the cost of equipment incorrectly capitalized as a patent.
3. Record the correcting entry to record depreciation on equipment used in R&D projects.

Answers

Answer:

1. Dec 31

Dr Research and Development Expense $3,180,000

Cr 2013 Patent $3,180,000

2. Dec 31

Dr Equipment $60,000

Cr 2013 Patent $60,000

3. Dec 31

Dr Research and Development Expense $10,000

Cr 2013 Accumulated Depreciation - Equipment $10,000

Explanation:

1. Preparation of the Journal entry to Record the correcting entry to expense

Dec 31

Dr Research and Development Expense $3,180,000

Cr 2013 Patent $3,180,000

(Being To record research and development expense )

Calculation for the Total amount of theresearch and development expense

Basic research to develop the technology $2,000,000

Engineering design work $680,000

Development of a prototype device $300,000

Testing and modification of the prototype $200,000

TOTAL research and development expense $3,180,000

2. Preparation of the journal entry to Record the correcting entry to capitalize the cost of equipment

Dec 31

Dr Equipment $60,000

Cr 2013 Patent $60,000

(Being To correct cost of equipment capitalized to patent)

3. Preparation of the Journal entry to Record the correcting entry to record depreciation on equipment

Dec 31

Dr Research and Development Expense $10,000

Cr 2013 Accumulated Depreciation - Equipment $10,000

(Being To record research and development expens

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HelpSave & ExitSubmitRank the following elements in order from least to most number of moles of atoms in a 10.0 g sample: Sn, Si, Se, S 10c - 6(2c - 1) = -2 (c- 3). Solve for c which selection from the text is an allusion?Liam's white kitten lay curled up on the sofa like a snowball. The kittens white fur had earned her the name Frosty the Snowman, but her feisty personality suggested that perhaps "Strong" might be more appropriate. In just a few days, Frosty had pulled down the curtains in Liam's bedroom, knocked a vase off the bookself, and sent the family dog into hiding. The kitten was a mini-tornado. The white ball of fur pounced and hissed commandingly, just as a sudden storm shows it's power with thunder and lightning.OA. kitten lay curled up on the sofa like a snowballOB. the kittens white fur had earned her the name Frosty the SnowmanOC. the kitten was a mini tornadoOD. the white ball of fur pounced and hissed commandingly A 10 kg box is resting on the table. What is the normal force on the box? change 84cm into mm Segment FB is graphed on the coordinate plane where Fis (- 7, - 4) and B is (5, 2) . If point A is graphed of the way from F to B , where is point A located ? 3/4 of the way from F to B, where is point A located? 6.which of the following is NOT a main part of the cell?A cell membraneB. cytoplasmC. nucleusD. ribosome What two important inventions did the people from this region share with society? Read the following paragraph. (1) Today, Fifteen has hit the big time. (2) It is no longer one restaurant but four. (3) New crews of young people continue to be inspired. (4) Not all students become chefs, but at Fifteen they all taste success.Which sentence has the wrong tone for the paragraph? OA. Sentence 2 OB. Sentence 3 OC. Sentence 1 OD. Sentence 4 What do you believe Ruth Bader Ginsburg's Legacy is? What did she do for women?Help please WILL MARK BRAINLIEST!!! According to the United States Constitution, which action would be the mostappropriate for state government? Printing a newly designed twentydollar bill Creating a military force to guard an important port city Establishing a waiting period for a marriage license Negotiating a free trade agreement with foreign countries cAN YALL HELP ME OUTTT PLEASEEEEE im about to end my life over this class I have a 46.9% right now :) do not take physics. i repeat if youre seeing this DO NOT EVER TAKE PHYSICS. What amendment to the us constitution changed the way that us senators were elected Homer notices that his shower is covered in a strange green slime. His friend Barney tells him that coconut juice will get rid of the green slime. Homer decides to check this out by spraying half of the shower with coconut juice. He sprays the other half of the shower with water. After 3 days of "treatment" there is no change in the appearance of the green Aaron realized immediately that they were saved. With great effort he dug his way through the snow. He was a village boy and knew what to do. When he reached the hay he hollowed out a nest for himself and the goat. No matter how cold it may be outside, in the hay it is always warm. How does this excerpt develop the setting of the story? It shows that the haystack provides safety from the storm. It proves that only a haystack is necessary to survive a storm. It reveals that the hay will keep the goat alive. It demonstrates that the hay makes the barn smell sweet. i need help with this question. please help me. Robert needs his daily fix of coffee in the mid-afternoon and visits different coffee shops that will give him as much utility as possible, given his $20/month food budget. On Monday, the Blue Coffee Shop was selling espresso shots for $3 each and Robert added 3 shots to his cappuccino. By Friday, the Purple Coffee Shop offered espresso shots for $2 each, while all other prices remained the same, so Robert was bold and added 4 espresso shots to his hot beverage. Required:Given this information, plot Robert's demand curve for espresso shots. Plz plz plz helllllllpppppppp!!!!!! I cannot find the answer of it.Can you ppppllllleeeeaaaassseee help! In which order do these go in??? Please help will mark brainliest