Answer:
1. At December 31, 2018, the current ratio was
d. 4,689 / 1,044
2. The number of times interest was earned during 2018 was
c. 1,650 / 150.
3. At December 31, 2018, the book value per share of common stock was
c. $59.40.
4. The rate of return for 2018 based on the year-end common stockholders' equity was
d. 1,005 / 3,564.
Explanation:
a) Data and Calculations:
Ramirez Corp. Balance Sheet December 31, 2018
Assets Equities
Cash $ 300,000 Accounts payable $ 630,000
Accounts receivable (net) 1,950,000 Income taxes payable 189,000
Inventories 2,439,000 Misc. accrued payables 225,000
Current assets $4,689,000 Current liabilities $1,044,000
Bonds payable
Plant and equipment, (8%, due 2020) 1,875,000
net of depreciation 1,983,000 Preferred stock ($100 par, 6%
Patents 261,000 cumulative nonparticipating) 750,000
Other intangible assets 75,000 Common stock (no par, 60,000
shares authorized, issued and
outstanding) 1,125,000
Total Assets 7,008,000 Retained Earnings 2,439,000
Treasury stock 1,500 shares of
preferred (225,000)
Total Equities 7,008,000
Ramirez Corp. Income Statement
Year Ended December 31, 2018
Net sales $ 9,000,000
Cost of goods sold 6,000,000
Gross profit 3,000,000
Operating expenses (including
bond interest expense) 1,500,000
Income before
income taxes 1,500,000
Income tax 450,000
Net income $ 1,050,000
Current ratio = Current assets/Current liabilities
= 4,689 / 1,044
Times interest earned = EBIT/Interest Expense
= $1,500,000 + 150,000/$150,000
= 1,650 / 150.
Book value per share =
Book value = Total assets - liabilities + preferred stock
= $7,008,000 - $3,444,000
= $3,564,000/60,000
= $59.40
Net income after cumulative preferred dividend
Net income = $1,050,000
Cumulative dividend 45,000 ($750,000 * 6%)
Income for common
stockholders $1,005,000
Common equity = $3,564,000
Rate of Return on common equity = $1,005,000/$3,564,000
= 0.28
Where is Shengyren based
Answer:
Explanation:
Somewhere
In Capital market there are issues of securities like
a.
Shares
b.
Treasury bills
c.
Promissory notes
d.
All the options are wrong
Answer:
C.Promissory notes
Explanation:
that is the issues of security
does government spending contribute to economic growth
Answer:
Increased government spending is likely to cause a rise in aggregate demand (AD). This can lead to higher growth in the short-term. ... Higher government spending will also have an impact on the supply-side of the economy – depending on which area of government spending is increased.
Explanation:
What is true about analyzing the budget?
Answer:
In business, budgets provide the organizing framework for financial planning and tools for controlling spending.
In large entities, the Budget Office Director and staff work with individual managers and others seeking funding approval. As a result, budget proposals conform to local policies. And, the entire proposal package aligns with group objectives.
Explanation:
I don't know if this is what you were looking for...
Veryclear Glassware is a new business owned by Samantha Peoples, the company president. Her first year of operation commenced on April 1, 2020.
EIN: 78-7654398
Address: 23051 Old Redwood Highway, Sebastopol, California 95482, phone 707-555-5555
Number of employees: 13
Wages, tips, and other compensation paid during second quarter 2018: $299,423
Income tax withheld from employees: $59,884.60
Social Security tax withheld from employees: $18,564.23
Medicare tax withheld from employees: $4,341.77
Monthly tax liability:
April $ 35,232.20
May 35,232.20
June 35,232.20
Required:
Complete the State of California Form DE-9.
Answer:
Veryclear Glassware
EIN: 78-7654398
Address: 23051 Old Redwood Highway, Sebastopol, California 95482, phone 707-555-5555
Number of employees: 13
State of California Form DE-9
Total wages paid to employees = $299,423.00
Taxes withheld from employees = $82,790.60
Total tax liability for the quarter = $105,696.60
Under-withheld taxes = $22,906.00
Explanation:
a) Data and Calculations:
Wages = $299,423
Income tax withheld from employees: $59,884.60
Social Security tax withheld from employees: $18,564.23
Medicare tax withheld from employees: $4,341.77
Total taxes withheld from employees = $82,790.60
Monthly tax liability:
April $ 35,232.20
May 35,232.20
June 35,232.20
Total tax liability = $105,696.60 $105,696.60
Taxes not withheld (due) $22,906.00
b) A reconciliation of the taxes withheld with the quarter's tax liability shows that $22,906 was still due to be paid to the state for employee taxes.
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:
Restin, Inc. Los Angeles Division Bay Area Division Central Valley Division
Revenues $1,216,000 $352,000 $387,000 $477,000
Variable operating expenses 683,600 193,600 215,000 275,000
Controllable fixed expenses 267,000 84,000 94,000 89,000
Noncontrollable fixed expenses 117,000 34,000 39,000 44,000
In addition, the company incurred common fixed costs of $23,700. Assuming use of a responsibility accounting system. What amounts should be used to evaluate the performance of the Los Angeles division manager?
Answer:
Los Angeles Division
Particulars Amount
Revenue $352,000
Less: Variable operating expenses $193,600
Less: Controllable fixed expenses $84,000
Controllable profit margin $74,400
Non-controllable and common fixed cost is not related to a particular division, therefore, will not br considered while evaluating the performance of a division manager.
With critical internal metrics collected as part of the market information system, management is able to do two things. First, management might use this information to identify the problem, and second, and more effective in its use of market information systems, is to proactively address issues before they become a problem.
a. True
b. False
Answer: True
Explanation:
Internal data simply had to do with the information that is generated and gotten from the company or organization.
We should note that critical internal metrics is collected as part of the market information system as it helps in addressing certain issues with regards to the business before they become a problem.
Having the right information is vital for the decision makers in an organization to make decisions. A vital aspect of the marketing management is the creation of a procedure which collects relevant information and then analyses them.
Based on the above explanation, the statement above is true.
During 2017, Roblez Corporation had the following transactions and events.
1. Declared a cash dividend.
2. Issued par value common stock for cash at par value.
3. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.
4. Declared a small stock dividend when the market price was higher than par value.
5. Made a prior period adjustment for overstatement of net income.
6. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above.
7. Paid the cash dividend in item no. 1 above.
8. Issued par value common stock for cash above par value.
Required:
Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders’ equity.
Answer:
The effects of each of the items can be indicated as follows:
Paid in Capital
Item Capital Stock Additional Retained Earnings
1. No Effect No Effect Decrease
2. Increase No Effect No Effect
3. No Effect No Effect No Effect
4. Increase Increase Decrease
5. No Effect No Effect Decrease
6. No Effect No Effect No Effect
7. No Effect No Effect No Effect
8. Increase Increase No Effect
.
Explanation:
1. Declared a cash dividend.
This decreases cash and retained earnings but has no effect on common stock and additional paid in capital.
2. Issued par value common stock for cash at par value.
This increases cash and also increases common stock.
3. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock.
This does not affect any account but only increases the number of shares without any increase in the total common stock value.
4. Declared a small stock dividend when the market price was higher than par value.
This is a type of dividend that increases the common stock and additional paid in capital but decreases the retained earnings.
5. Made a prior period adjustment for overstatement of net income.
This reduces the net income and the retained earnings no effect on common stock and additional paid in capital.
6. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above.
Since this is just to effect number 4 above, it has no further effect on any of the subdivisions of stockholders’ equity.
7. Paid the cash dividend in item no. 1 above.
Since this is just to effect number 1 above, it has no further effect on any of the subdivisions of stockholders’ equity.
8. Issued par value common stock for cash above par value.
This increases cash, common stock, and additional paid in capital. But this does affect retained earnings.
Each of these items must be considered in preparing a statement of cash flows for Teal Mountain Company. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022.
(a) Issued bonds for $300,000 cash. Choose the type of cash inflows and outflows
(b) Purchased equipment for $270,000 cash. Choose the type of cash inflows and outflows
(c) Sold land costing $30,000 for $30,000 cash. Choose the type of cash inflows and outflows
(d) Declared and paid a $75,000 cash dividend.
Answer:
a. Cash flow from Finance Activities - Cash Inflow $300,000.
b. Cash flow from Investment Activities - Cash Outflow $270,000.
c. Cash flow from Investment Activities - Cash Inflow $30,000.
d. Cash flow from Finance Activities - Cash Outflow $75,000.
Explanation:
The Statement of Cash flows shows 3 types of Cash flow headings which are :
Cash flow from Operating ActivitiesCash flow from Investment ActivitiesCash flow from Financing ActivitiesOperating Activities are Trading activities. Investing Activities involve buy and sell of assets or investment. Finance Activities involve sourcing of finance
The primary purpose of accounting is to
A. report financial information
B. generate company profits
C. keep financial records
D. stop fraud and neglect
Answer:
C. keep financial records
Which statements describe junction tables? Check all that apply.
They create orphaned data in tables.
They link two tables into a new table.
They create a one-to-one relationship.
They exclude all nonkey fields in a table.
They contain the primary key fields of two tables.
They connect tables with many-to-many relationships.
Answer:
B E F
Explanation:
They link two tables into a new table.
They contain the primary key fields of two tables.
They connect tables with many-to-many relationships.
Thus options B, E, and F are correct.
What are junction tables?The referential integrity values of the two you really want to relate are contained in a junction table. Finally, you establish a connection between the junction table's relevant columns that each of those rows' primary key columns.
To create a new panel, they join two existing ones. They include the fields for two tables' primary keys. Tables with very many relations are connected by them.
When there is an item that can be replicated over numerous new entries, such a birthday or a period, the junction table should indeed be utilized to get your facts to the smallest value of normalization possible. Therefore, option B, E, and F is the correct option.
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Costs from Beginning Inventory Costs from Current Period
Direct materials $5,100 $25,200
Conversion costs $5,300 143,700
At the beginning of the period, there were 400 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,200 units were started and completed. Ending inventory contained 300 units that were 35% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. The cost of completing a unit during the current period was:________
Answer:
$30.59
Explanation:
Note that the FIFO method is used for this question
Equivalent Units
Materials = 5,200 x 100 % + 300 x 100 % = 5,500
Conversion Costs = 400 x 55 % + 5,200 x 100 % + 300 x 35 % = 5,525
Total Costs
Materials = $25,200
Conversion Costs = $143,700
Cost per Equivalent unit
Materials = $25,200/5,500 = $4.58
Conversion Costs = $143,700/5,525 = $26.01
Total Cost = $4.58 + $26.01 = $30.59
Conclusion
The cost of completing a unit during the current period was $30.59
PLEASE HELP ASAP!!
Be sure to use COMPLETE sentences when answering the following questions.
1. Compare the United States with the rest of the world, in land size, population and output of
goods and services.
2."One way to find out how our economy is doing is to compare output from year to year." What
does this statement mean?
Answer:
it means to calculate numbers of things exported
The account balances for a company are listed below. All balances are as of Dec. 31, 2017, except where noted otherwise
Accounts Payable $7,200 Rent Expense $2,100
Accounts Receivable 8,400 Equipment 74,500
Salaries Payable 5,600 Furniture 16,600
Notes Payable (due 12/31/19) 20,900 Depreciation Expense 4,000
Dividends 3,000 Accumulated Depreciation 10,000
Sales Revenue 139,500 Cash 14,000
Notes Payable (due 4/30/18) 2,500 Common Stock ???
Cost of Goods Sold 60,900 Trademark 8,000
Loss of Sale of Equipment 4,500 Retained Earnings (1/1/17) 56,200
Inventory 19,800 Marketable Equity Securities 300
Interest Expense 9,750 Gain on Sale of Building 2,450
Salary Expense 30,450 Prepaid Insurance Expense 500
Unearned Revenue 3,800 Copyright 6,000
Determine the common stock balance as of Dec. 31, 2017:
A. $20,650
B. $14,650
C. $2,850
D. $11,350
E. $17,150
A. $41,550
B. $42,050
C. $36,050
D. $30,250
E. $32,300
Solution :
Normal Debit balance Normal Credit balance
Asset Liabilities
Contra liability equity
expenses Contra asset
loss Revenues
Contra equity Gains
Now working on the Trial balance :
Classification Accounts Debit Credit
Asset Accounts receivable 8400
Asset Inventory 19800
Asset Equipment 74500
Asset Furniture 16600
Asset Cash 14000
Asset Trademark 8000
Asset Marketable equity securities 300
Asset Prepaid insurance expense 500
Asset Copyright 6000
Contra Asset Accumulated 10,000
Contra equity Dividends 3000
Equity Retained earnings 56200
Expense Cost of goods sold 60900
Expense Interest expense 9750
Expense Salary expense 30450
Expense rent expense 2100
Expense Depreciation expense 4000
Gain Gain on sale of building 2450
Liability Accounts payable 7200
Liability Salaries payable 5600
Liability Notes payable (due 12/31/19) 20900
Liability Notes payable (due 04/30/18) 2500
Liability Unearned revenue 3800
Loss Loss of sale of equipment 4500
Revenue Sales revenue 139500
Total $ 262,800 $ 248,150
Difference = common stock $ 14,650
Therefore the common stock on 31st of December 2017 = $ 14,650
Information regarding the potential for a job opening is a _____.
job board
job lead
job offer
job description
Answer:
Your answer is "Job lead"
A division can sell externally for $40 per unit. Its variable manufacturing costs are $15 per unit, and its variable marketing costs are $6 per unit. The variable marketing costs can be avoided if the units are transferred internally. What is the opportunity cost of transferring internally, assuming the division is operating at capacity
Answer:
$19
Explanation:
The opportunity cost of transferring internally is the lost contribution of selling the units externally.
Contribution = Sales - Variable Costs
where,
Sales = $40
Variable Costs = $15 + $6 = $21
therefore,
Lost Contribution = $40 - $21 = $19
Conclusion
the opportunity cost of transferring internally is $19.
During 2007, the U.S. economy was hit by a price shock when the price of oil increased from around $60 per barrel to around $130 per barrel by June 2008. While inflation increased during the fall of 2007 (from around 2.5% to 4.0%), unemployment did not change significantly (it even increased slightly). Explain the relationship between inflation and unemployment in 2007 using the modern Phillips curve concept.
Answer:
The "old" Phillips curve hasn't been used since the 1980s. Since then it was adapted to show long term relationships between the inflation rate and the unemployment rate. When a upwards price shock in the aggregate supply curve occurs, the whole unemployment curve shifts to he right (upwards) and the new unemployment equilibrium is given by the intersection between the unemployment curve and the long run Phillips curve (vertical line).
Explanation:
What are the big disagreements in macroeconomics? Complete the following passage regarding the Great Depression. T
he Great Depression challenged the prevailing __________ economic belief that the macroeconomy __________ returns to long-run equilibrium following a __________ shock, since it wasn’t until __________ after the Depression began that real GDP returned to pre-Depression levels.
a. slowly
b. classical
c. four years
d. supply
e.never
f. seven years
g. several months
h. quickly
i. demand
j. Keynesian
Answer:
Classical; quickly; demand; seven years.
Explanation:
Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.
Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
The Great Depression challenged the prevailing classical economic belief that the macroeconomy quickly returns to long-run equilibrium following a demand shock, since it wasn't until seven years after the Depression began that real GDP returned to pre-Depression levels.
John Maynard Keynes was an economist during the Great Depression which was a period of;
- High unemployment
- High deflation.
John Maynard Keynes who was born on the 5th of June 1883, was a British economist.
During the Great Depression, John Maynard Keynes promoted expansionary actions to encourage economic recovery.
Choose the sentence that is most clearly written by circling the letter of your choice.
a. With her bonus money, Mary decided to paint the kitchen, carpet the dining room,and to buy a new stereo.
b. With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo.
c. With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo.
d. With her bonus money, Mary decided to paint the kitchen, carpeting the dining room, and buying a new stereo.
Answer:
c
Explanation:
choose c because the correct wording when writing, With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo. this is the only sentence that uses the words put carpet in the dining room and that us grammatically correct.
The most clearly written sentence is With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo. Option B is the correct answer.
This sentence is concise and follows a parallel structure by using the verb "to" before each action (paint, carpet, buy). The sentence is clear and easy to understand, without any unnecessary words or repetitive phrases. Option B is the correct answer.
Sentence refers to the rules and structure that govern the formation and arrangement of words, phrases, and clauses within a sentence to convey meaning accurately. It ensures that a sentence is grammatically correct and easy to understand. A sentence typically consists of a subject (the person, thing, or idea the sentence is about) and a predicate (the part of the sentence that provides information about the subject, including the verb).
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Dale’s young son does not know much about his dad’s job but he does know that his dad works at the Chevy Manufacturing Plant. Dale explains to his son that he works in “Quality Control.” How might Dale simply describe the place that he works in and some of the tasks he performs to his son? How might Dale explain the jobs of other people in his plant?
Answer:
Dale would explain that he makes sure that everything is running smoothly and that he has to make sure that everyone is doing everything correctly.
Explanation:
I got 15/15 on the questions. :)
Also, make sure you rewrite a few words so you don't get in trouble!
Answer:
Dale can start by explaining what he does on a daily basis? and how he got his job? By explaining these to his son he can understand his dad's job better.
Dale can inform his son that he works in the career pathway called Quality Assurance which falls under the Manufacturing career cluster, where he makes sure that all standards and procedures are followed to ensure that every product is top-notch, high quality, and good enough to send out. In addition, he can express the kind of education he requires for this job, such as the type of degrees/diplomas necessary. The educational requirements for his job range from a high school diploma to a master's degree. Furthermore, Dale can point to a few of his co-workers who are inspectors, lab technicians, process technicians, and quality engineers.
The following account appears in the ledger prior to recognizing the jobs completed in January:
Work in Process
Balance, January 1 $17,510
Direct materials 142,360
Direct labor 153,560
Factory overhead 80,720
Jobs finished during January are summarized as follows:
Job 210 $70,950
Job 224 $82,770
Job 216 43,360
Job 230 161,600
Required:
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at January 31.
Answer:
Following are the solution to this question:
Explanation:
In point a:
Journal Entry :
Account Dr Cr.
Goods completed [tex]\$358,680[/tex]
Processing work [tex]\$358,680[/tex]
Complete total labour costs
[tex]= \$70,950 + \$82,770 + \$ 43,360 + \$ 161,600 \\\\ = \$ 358680[/tex]
In point b:
Uncompleted jobs cost:
[tex]\text{Balance, January 1} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$17,510\\\\\text{Direct materials} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$142,360\\\\ \text{Direct labor } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$153,560\\\\\text{Factory overhead } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$80,720\\\\\text{Cost of Finished Goods Transferred} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ (\$ 358680)\\\\\text{Cost of Unfinished Jobs on Aug 31} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ 35470\\\\[/tex]
Sandhill Corp. factors $444,000 of accounts receivable with Teal Finance Corporation on a without recourse basis on July 1, 2020. The receivables records are transferred to Teal Finance, which will receive the collections. Teal Finance assesses a finance charge of 1.80% of the amount of accounts receivable and retains an amount equal to 5% of accounts receivable to cover sales discounts, returns, and allowances. The transaction is to be recorded as a sale.
Required:
a. Prepare the journal entry on July 1, 2020, for Reynolds Corp. to record the sale of receivables without recourse.
b. Prepare the journal entry on July 1, 2020, for Mateer Finance Corporation to record the purchase of receivables without recourse—please think through this.
c. Explain the difference between sale of receivables with recourse as oppose to without recourse.
Answer:
a. Date Account Title and Explanation Debit Credit
1 - Jul Cash ($440,000-$22,000-$7,920) $410,080
Due from Factor ($440,000*5%) $22,000
Loss on sale of receivables ($440,000*1.8%) $7,920
Accounts receivable $440,000
(To record sale of accounts receivable to Factor)
b. Date Account Title and Explanation Debit Credit
1 - Jul Accounts receivable $440,000
Due to customer $22,000
Interest revenue $7,920
Cash $410,080
(To record purchase of accounts receivable)
c. Sale or financing of accounts receivables with recourse is a transaction in which a company sells its accounts receivable to a factoring company with an assurance to cover the risk of uncollectible.
Sale or financing of accounts receivables without recourse is a transaction in which the company selling its accounts receivables to a factoring company, in which the factoring company bears the risk of uncollectible.
The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December 31.
2020 2019
Cash $274,350 $120,900
Accounts receivable 279,000 286,750
Investments 80,600 114,700
Equipment 461,900 372,000
Accumulated Depreciation-Equipment (164,300 ) (137,950 )
Current liabilities 207,700 234,050
Common stock 248,000 248,000
Retained earnings 475,850 274,350
Additional information:
Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was $352,000.
Required:
a. Prepare a statement of cash flows for 2020 for Shira Corporation.
b. Determine Shira Corporation’s free cash flow.
Answer:
Cash flow from operating activities
Net income $352,000
Adjustment to reconcile net income to
net Cash flow from operating activities
Depreciation expense $26,350
Loss on investment sold $15,500
Decrease account receivable $7,750
Decrease current liabilities -$26,350
Net cash flow from operating activities $348,250
Cash flow from investing activities
Sale of investment $12,100
Purchase of equipment -$89,900
Net cash used investing activities -$77,800
Cash flow from financing activities
Dividend paid -$66,000
Net cash used financing activities -$66,000
Net cash increase (decrease) $204,450
Beginning Cash $120,900
Ending Cash $325,350
Forest Company, which uses a weighted-average process-costing system, had 7,000 units in production at the end of the current period that were 60% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow.Material A: $12.50Material B: $2.00Conversion cost: $6.60The cost of the company's ending work-in-process inventory is:A. $88,620.B. $115,220.C. $123,620.D. $147,700.E. some other amount.
Answer:
B. $115,220
Explanation:
Material A introduced at the beginning of the process = $12.50
Conversion Cost = $6.6*60% = $3.96
Total = $12.5 + $3.96 = $16.46
WIP ending inventory = $16.64*7000 units
WIP ending inventory = $115,220
Benjamin was an older adult who decided to move from his lifetime home on a small farm to an assisted living facility. Benjamin had no spouse or surviving family. He decided to transfer his property to his neighbor, Gabriel. Benjamin would use the money gained from the transfer to help pay for his assisted living expenses. Shortly after Benjamin had moved into the assisted living facility, Gabriel changed his mind about wanting to own the property. In subsequent litigation over this dilemma, Benjamin argued that all of the proper procedures had been completed to legally transfer the property to Gabriel. The court agreed, ruling in favor of Benjamin. But what if the facts of the case were different?
Answer:
Benjamin failed to properly identify the grantee in the deed.
Explanation:
From the question we are informed about Benjamin, who was an older adult who decided to move from his lifetime home on a small farm to an assisted living facility. Benjamin had no spouse or surviving family. He decided to transfer his property to his neighbor, Gabriel. Benjamin would use the money gained from the transfer to help pay for his assisted living expenses. Shortly after Benjamin had moved into the assisted living facility, Gabriel changed his mind about wanting to own the property. In subsequent litigation over this dilemma, Benjamin argued that all of the proper procedures had been completed to legally transfer the property to Gabriel. The court agreed, ruling in favor of Benjamin. In the case, whereby the facts of the case were different, then I would say Benjamin failed to properly identify the grantee in the deed. The grantee who is the party that received the transfer of the property, and once the grantee is not properly identified the court cannot rule in favor of Benjamin.
hey is it free real estate?
Some estimates have been presented to Charlene, the Director of Operations (DO) at Holly Farms, which is considering alternative environmental chambers for a project that will detail laboratory confirmations of online bacteria tests in chicken meat for the presence of E. coli 0157:H7 and Listeria monocytogenes.
Chamber D103 Chamber 490G
Installed cost, $ -400,000 -250,000
Annual operating cost, $ per year -4000 -3000
Salvage value at 10% of P, S 40000 25,000
Life, years 3 2
Required:
a. If this project will last for 6 years and i 10% per year, perform an AW method evaluation to determine which chamber is more economical.
b. Chamber D103 can be purchased with different options and, therefore, at different installed costs. They range from$300,000 to $500,000. Will the selection change if one of these other models is installed?
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
First, we need to sort out the data given properly, so that we can answer to the best.
Data Given:
For Chamber D103:
Installed Cost = -400,000 USD
Annual Operating Cost Per Year = -4000 USD
Salvage Value 10% of P = 40,000 USD
Life = 3 years
Similarly,
For Chamber 490G:
For Chamber D103:
Installed Cost = -250,000 USD
Annual Operating Cost Per Year = -3000 USD
Salvage Value 10% of P = 25,000 USD
Life = 2 years
a.
For Chamber D103
AW Chamber D103 = -400,000 x (A/P, 10%, 3) + 40000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -400,000 x 0.40211 + 40000 x 0.30211 - 4000
AW Chamber D103 = -152,760 USD
For Chamber 490G:
AW Chamber 490G = -250,000 x (A/P,10%,2) + 25000 x (A/F,10%, 2) - 3000
So,
(A/P,10%,2) = 0.5762
(A/F,10%, 2) = 0.4762
AW Chamber 490G = -250,000 x 0.5762 + 25000 x 0.4762 - 3000
AW Chamber 490G = -135,143 USD
So, after evaluating both the chambers using the AW method, more economical is the chamber 490G.
b.
Now, we need to change the values to check whether the chamber selection can be changed or not:
so, New values for Chamber D103
P = -300,000 and Salvage value of 30,000
For Chamber D103
AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -300,000 x 0.40211 + 30,000 x 0.30211 - 4000
AW Chamber D103 = -115,570 USD
New Values for Chamber D103
P = -500,000 and the Salvage Value = 50,000
AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -500,000 x 0.40211 + 50,000 x 0.30211 - 4000
AW Chamber D103 = -189,950 USD
Hence,
At P = 300,000 will definitely change the selection to D103 Chamber.
2. Below are mixed SWOT factors of KFC case study. Fill the chart to Identify each SWOT factor. (2points each)
• With over 15,000 establishments in 120 countries, KFC is an internationally recognized venue.
• Increasing numbers of competitors.
• Serving high-fat foods; considering how health-conscious the public is these days, greasy chicken is not going to cut it anymore.
• KFC is in the prime spot to dive into the vegetarian market. Adding new vegetarian options will improve the relationship between KFC and health-conscious and vegetarian consumers.
• KFC became popular thanks to its good chicken.
• Raw material prices are rising.
• By maintaining the same price point with new menu options, KFC is positioned to enter a new market without sacrificing the beloved chicken-focused meals.
• KFC follows a franchise management system, meaning each one is individually managed. It is not uncommon for one KFC to have high reviews while another, just down the street, is collecting bad press.
• Alongside KFC, Taco Bell and Pizza Hut also share the same corporate owner brands. Brands have the influence, power, and resources to improve KFC as a restaurant.
• Introduce new products fish and deals menu that will attract more customers.
SWOT Analysis of KFC
Strengths
Weaknesses
Opportunities
Threats
Answer:
Strengths :
1. With over 15,000 establishments in 120 countries, KFC is an internationally recognized venue.
2. Alongside KFC, Taco Bell and Pizza Hut also share the same corporate owner brands. Brands have the influence, power, and resources to improve KFC as a restaurant.
3. KFC became popular thanks to its good chicken
Weaknesses :
1. Serving high-fat foods; considering how health-conscious the public is these days, greasy chicken is not going to cut it anymore.
2. KFC follows a franchise management system, meaning each one is individually managed. It is not uncommon for one KFC to have high reviews while another, just down the street, is collecting bad press.
Opportunities :
1. By maintaining the same price point with new menu options, KFC is positioned to enter a new market without sacrificing the beloved chicken-focused meals
2. KFC is in the prime spot to dive into the vegetarian market. Adding new vegetarian options will improve the relationship between KFC and health-conscious and vegetarian consumers
3. Introduce new products fish and deals menu that will attract more customers.
Threats :
1. Increasing numbers of competitors.
2. Raw material prices are rising.
how to find routing number for direct express debit card
Answer:
Unlike other prepaid debit cards, Direct Express does not display the routing number and account number for cardholders to see. In other words, Direct Express doesn't make routing or account numbers publicly available for their cards.
The routing number for Direct Express Debit Card can be found in three ways:
Check your Direct Express Debit CardLook at your Direct Express StatementCall Direct Express Customer ServiceYou can find the routing number on the bottom left-hand side of your Direct Express Debit Card. The first nine digits of your Debit Card number is your Direct Express Routing Number.
You can find your Direct Express routing number at the bottom of your Direct Express statement. The routing number will appear first followed by the account number.
You can call Direct Express customer service to get your routing number. The customer service representative will ask you to provide the last four digits of your Social Security number for verification purposes.
Learn more about debit card here:
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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:
Cash and cash equivalents $6,900
Accounts receivable (net) 39,000
Inventory 79,000
Property, plant, and equipment (net) 215,000
Accounts payable 58,000
Salaries payable 19,000
Paid-in capital 195,000
The only asset not listed is short-term investments. The only liabilities not listed are $49,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.7:1.
Required:
Determine the following at December 31, 2021:
1. Total current assets
2. Short-term investments
3. Retained earnings
Answer:
1. $132,600
2. $7,700
3. $25,600
Explanation:
1. Calculation to determine Total current assets
First step is to calculate the Current liabilities using this formula
Current liabilities = salaries payable + accounts playable + accrued interest
Let plug in the formula
Current liabilities= 19000 + 58000 + 1000
Current liabilities= 78000
Now let calculate the Total current assets using this formula
Total current assets = current ratio * current liabilities
Let plug in the formula
Total current assets = 1.7* 78000
Total current assets = $132,600
Therefore Total current assets is $132,600
2. Calculation to determine Short-term investments
Using this formula
Short term investments = Current assets - [cash + accounts receivables + inventory]
Let plug in the formula
Short term investments = 132,600 - [6900 + 39,000 + 79,000]
Short term investments = $7,700
Therefore Short term investments will be $7,700
3. Calculation to determine the Retained earnings
Using this formula
Current assets + fixed assets = Current liabilities + Long term liabilities + paid in capital + retained earnings
Let plug in the
132,600 + 215,000 = 78,000 + 49,000 + 195,000 + Retained earnings
347,600 = 322,000 + retained earnings
Retained earnings = 347,600 - 322,000
Retained earnings = $25,600
Therefore Retained earnings will be $25,600