Statement of Members' Equity, Admitting New Member The statement of members' equity for Bonanza, LLC, follows:

Bonanza, LLC Statement of Members' Equity For the Years Ended December 31, 20Y3 and 20Y4

Idaho Properties, LLC, Member Equity Silver Streams, LLC, Member Equity Thomas Dunn, Member Equity Total Members' Equity
Members' equity, January 1, 20Y3 $273,000 $307,000 $580,000
Net income 57,000 133,000 190,000
Members' equity, December 31, 20Y3 $330,000 $440,000 $770,000
Dunn contribution, January 1, 20Y4 3,000 7,000 $220,000 230,000
Net income 62,500 137,500 50,000 250,000
Member withdrawals (32,000) (48,000) (40,000) (120,000)
Members' equity, December 31, 20Y4 $363,500 $536,500 $230,000 $1,130,000

Required:
a. What was the income-sharing ratio in 2016?
b. What was the income-sharing ratio in 2017?
c. How much cash did Thomas Dunn contribute to Bonanza, LLC, for his interest?
d. Why do the member equity accounts of Idaho Properties, LLC, and Silver Streams, LLC, have positive entries for Thomas Dunn’s contribution?
e. What percentage interest of Bonanza did Thomas Dunn acquire?
f. Why are withdrawals less than net income?

Answer:

internal and external source

Explanation:

Answer:

There are two sources of data. they are:

1. Internal Source.

2. External Source.

Explanation:

Internal Source. When data are collected from reports and records of the organision itself, it is known as the internal source.

External Source. When data are collected from outside the organition, it is known as the external source.

Answer:

$14700

Explanation:

Given that:

i. Dallas needs 800 per month

ii. Atlanta needs 600 per month

iii. Denver needs 200 per month

iv. Houston has 850 available per month

v. Phoenix has 650 available per month

vi. Memphis has 300 available per month

Assuming that a plant can deliver air conditioners to more than one regional distributor in a month. Then;

a. For least-cost way to meet the demand, Stephen Allen could ship the air conditioners to each regional distributors as follows:

From Houston to Dallas = 800 units

From Houston to Atlanta = 50 units

From Phoenix to Atlanta = 250 units

From Memphis to Atlanta = 300 units

From Phoenix to Denver = 200 units

Total units transported = 1600 units

b. Cost per transportation:

Houston to Dallas = $8 x 800  = $6400

Houston to Atlanta = $12 x 50 = $600

Phoenix to Atlanta = $14 x 250 = $3500

Memphis to Atlanta = $8 x 300 = $2400

Phoenix to Denver = $9 x 200 = $1800

Total transportation cost = $6400 +$600 + $3500 + $2400 + $1800

                                         = $14700

The total transportation cost would be $14700.

Answer:

Contain Yourself!, a plastic container company, raises the price of its signature "lunchbox" container from $3.00 to $4.00. As a result, the quantity sold drops from 20,000 to 15,000.

UNIT ELASTIC ⇒ when the price elasticity of demand is unit elastic, a change in price will result in a proportionally equal change in the quantity demanded.

PED = % change in quantity / % change in price = {(15 - 20) / [(15 + 20)/2]} / {($4 - $3) / [($4 + $3)/2]} = -0.2857 / 0.2857 = -1 or |1| in absolute terms

Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5.

INELASTIC DEMAND ⇒ when the price elasticity of demand is inelastic, a change in price will result in a proportionally lower change in the quantity demanded.

CapCityMetro decides to increase bus fare rates from $2.00 to $2.21. Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day.

ELASTIC DEMAND ⇒ when the demand for a good is elastic, a change in price will result in a proportionally higher change in quantity demanded.

PED = % change in quantity / % change in price = {(61,000 - 70,000) / [(61,000 + 70,000)/2]} / {($2.21 - $2) / [($2.21 + $2)/2]} = -0.1374 / 0.1 = -1.374 or |1.374| in absolute terms

Answer:

a. The desired fiscal stimulus is $35.0 billion.

b. The income tax cut is $36.8 billion.

c. The amount of government spending that would achieve the target is $35.0 billion.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

If the AD shortfall is $700 billion and the MPC is 0.95, Instructions: Enter your responses rounded to one decimal place.

a. How large is the desired fiscal stimulus?

b. How large an income tax cut is needed?

c. Alternatively, how much government spending would achieve the target?

The explantion of the answers is now provided as follows:

From the question, we have:

Aggregate demand (AD) shortfall = $700 billion

Marginal Propensity to Consume (MPC) = 0.95

a. How large is the desired fiscal stimulus?

To calculate the the desired fiscal stimulus, we need to first calculate the multiplier as follows:

Multipliers = 1 (1 - MPC) ................... (1)

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

Multipliers = 1 (1 - 0.95) = 1 / 0.05 = 20

The formula for calculating the fiscal stimulus is as follows:

Fiscal stimulus = AD shortfall / Multiplier ..................... (2)

Substituting the values into equation (2), we have:

Fiscal stimulus = $700 billion / 20 = $35.0 billion.

Therefore, the desired fiscal stimulus is $35.0 billion.

b. How large an income tax cut is needed?

This can be calculated using the following formula:

Income tax cut = Fiscal stimulus / MPC .............. (3)

Substituting the values into equation (3), we have:

Income tax cut = $35 billion / 0.95 = $36.8421052631579 billion

Rounding to one decimal place, we have

Income tax cut = $36.8 billion

Therefore, the income tax cut is $36.8 billion.

c. Alternatively, how much government spending would achieve the target?

The amount of increase in government spending that would achieve the target is the same thing as the desired fiscal stimulus already obtained in part a above.

Therefore, the amount of government spending that would achieve the target is $35.0 billion.

Answer:

$595

Explanation:

The computation of the amount of interest is shown below:-

Amount of interest = Loan amount × Interest rate × Number of days ÷ Number of days in a year

= $28,000 × 8.5% × 90 ÷ 360

= $595

Therefore for computing the amount of interest we simply applied the above formula.

And the same is to be considered

Answer:

Lease payable for $79,383

Interest expense for $20,617

Explanation:

Calculation for the amount that Tucker should recognize the second lease payment

Calculation for Lease payable

Lease payable =$100,000-($357,710-$100,000)*8%

Lease payable =$100,000-($257,710*8%)

Lease payable =$100,000-$20,617

Lease payable =$79,383

Calculation for Interest expense

Interest expense =( $357,710-$100,000)*8%

Interest expense =$257,710*8%

Interest expense =$20,617

Therefore Tucker should recognize the second lease payment by debiting:

Lease payable for $79,383

Interest expense for $20,617

Answer:

a paddle

Explanation:

Using a "paddle" is very important in order to move/propel a boat. Paddling creates a force which goes against the water. This force is faced by an opposite force that is equal and that which allows the boat to move forward.

So as you push the water asides, the boat accelerates. Such technique is deemed efficient when using the boat. Not following the proper technique will not move the boat.

Answer:

-$22.2

Explanation:

The computation of price by percentage is shown below:-

Price by percentage = (End price - Beginning price) ÷ (End price - Beginning price) ÷ 2 × 100

= ($16 - $20) ÷ ($16 - $20) ÷ 2 × 100

= -$4 ÷ $18 × 100

= -$400 ÷ $18

= -$22.2

So, we have applied the above formula.

And, the same is to be considered

Connecting u dropped price in percentage is 22.2%

Given that;

Old price = $20

New price = $16

Find:

Connecting u dropped price in percentage

Computation:

[tex]Dropped\ price\ in\ percentage=[\frac{16-20}{\frac{16+20}{2} }]100\\\\Dropped\ price\ in\ percentage=[\frac{16-20}{18}]100\\\\Dropped\ price\ in\ percentage=[\frac{-4}{18}]100\\\\Dropped\ price\ in\ percentage=22.2[/tex]

Connecting u dropped price in percentage = 22.2%

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Answer:

Account Titles and Explanation                  Debit$      Credit$

2018

Expenditure-Capital outlays                       $75,152

    Other financing source-Capital leases                      $75,152

(To record expenditure-capital outlay)

Expenditure-capital lease principal             $10,000

    Voucher payable                                                         $10,000

(To record expenditure capital lease principal)

Voucher Payable                                           $10,000

      Cash                                                                             $10,000

(To record payment of expenditure)

2019

Expenditure-capital lease principal             $5,440

Expenditure-interest on capital lease          $4,560

      Voucher payable                                                       $10,000

(To record expenditure capital lease principal)

Voucher payable                                            $10,000

        Cash                                                                           $10,000

(To record payment of expenditure)

Answer:

$553,000

Explanation:

Calculation for the total sales commissions

First step is to compute the Sales commission per unit using this formula

Sales commission per unit = Total sales commissions ÷ Unit sales

Let plug in the formula

Sales commission per unit= $576,700 ÷ 36,500

Sales commission per unit= $15.80

Last step is to find the Total sales commission using this formula

Total sales commission = Sales commission per unit × Unit sales

Let plug in the formula

Total sales commission= $15.80 × 35,000

Total sales commission=$553,000

Therefore the Total sales commission will be $553,000

Answer: 31155.5

Explanation:

The following can be deduced from the question:

Money won = $1,000,000

Installments made yearly = $50,000

Interest rate = 5%

The yearly deposits made by Svetalana will be: = 500000-x

The future Value of the yearly deposits made by Svetalana will be:

= (50000-x) × (1/(1.05) + (1/(1.05)^2 .....(1/(1+0.05)^20))

= (500000-x) × 33.066

We should recall that the interest from the question is equated to x. This will be:

33.066 × (50000-x) × 0.05 =x

1.6533(50000 - x) = x

82665 - 1.6533x = x

2.6533x = 82665

x = 82665/2.6533

x = 31155.5

Answer:

Explanation:

There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.

With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.

Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.

Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.

Answer:

I used an excel spreadsheet sine there is not enough room here.        

Explanation:

Excel templates make it simpler to create a spreadsheet with a polished appearance by including all of the following, with the exception of Data.

To eliminate the necessity for the user to generate those designs from scratch, templates are made to specify the fundamental structure of each document that is repeated.

A template typically includes formatting and pre-defined formulas. However, it won't include any data as the template's goal is to have a consistent structure but allow for variable values so that it can respond appropriately to the data.

Formatting and pre-made formulas are frequently included in templates. Although the template aims to have a consistent structure and allow for variable values so that it can react appropriately to the data, it won't contain any data.

Any template will therefore include design but not data. We are able to make a new one, modify an existing template, or utilize the default template.

Learn more about Templates here

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Answer:

I used an excel spreadsheet since there is not enough room here.  

Answer:

Higher minimum wages are most common in states with higher costs of living.

Explanation:

If you live in a smaller town the minimum wage is lower. If you live in a big city it'll more than likely be higher.

Answer:The US has tended to change the national minimum wage infrequently, with changes depending largely on the political balance of power at the federal level. ... But US states and even cities have the power to set minimum wages that are higher than the national rate.

Explanation:

Answer:

The government (the SEC) imposes several regulations on publicly traded corporations and requires mandatory reporting regarding their financial position, compensation to key employees, auditing and accounting procedures, conflicts of interest between upper management and shareholders, operating results, etc.

The pros of that large amount of reports is that it makes management accountable for what happens and it makes their job more transparent.

The downside is that they are expensive and time consuming.

On the other hand, privately held corporations decide what to disclose to the general public or the government. The IRS is something that cannot be avoided, but the SEC and its scrutiny is avoided.

Other advantages of publicly held corporations:

Other disadvantages of publicly held corporations:

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.

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:

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Answer:

$16,500

Explanation:

She invested = $12,000

Total money spent to acquire the policy = ($16,500 + $5000) = $21,500

Total money invested on policy = $21500 + $12000

Total money invested on policy = $33500

Money that sara got after angela died = $50,000

Therefore, the taxable proceed will be = $50,000 - $33,500 = $16,500

Answer:

I'm not really sure but you can definitely google the highest paid jobs there.

Answer:

                      Cash Flow Statement

         Cash Flow from Operating Activities

Cash received from customers                     $42,600

Cash payment to salaries                             -$23,400

Cash used for purchase of office supplies  -$1,600

Office rent paid                                              -$11,400

Payment for office utilities                             -$3,700

Net Cash Inflow from Operating activities  $2,500

Answer: d. The FTC’s Red Flags Rule

Explanation:

The Federal Trade Commission has a Red Flags Rules that requires that financial institutions like Banks should implement a program that is capable of flagging instances of suspicious activity that could point to identity theft in the covered accounts that it holds.

This bank's customers are seeing some suspicious activity in their checking accounts which could point to a case of identity theft. The Red Flags rule could therefore be the most relevant rule to the manager's discovery.

Answer:

different methods can be used here to conduct this survey

1.questionnaire method

2. focus groups

3. interview

Explanation:

Answer 1)

We have several ways of conducting a research.  t, the research issue is basically to know how can the university can do better promotion of their their school, theyaretring to put their school on the spotlight on how they can get  more students to be interested in the university and what can be done to raise awareness le about the school.

different methods of doing this survey:

1) Questionnaire Method:

in this survey method through the use of Google forms or other survey sites, the students can get a link where they can fill in their preferences or make suggestions by writing. it is quite a popular and simple way of doing a survey.

Advantages

· It has a good rate of Representativeness.

· it is relatively cheap

· data can be gotten in a convenient way

· it gives good Statistical Significance

· its design is inflexible

Disadvantages

· Respondents do not always give exact and fair answers.

· it is difficult to convey emotions through this

· There may be a problem in understanding and interpreting some of the qusetsions

. developing rapport can be quite an issue

2) Focus Group:

Focus group discussions is another method where some of the students and the dean who acts as a moderator, organizes a meeting and everyone is given the opportunity to share useful inputs.

Advantages

· Its easy to see and know the emotions of the respondents based on the issues at hand

. uncovered ideas would be discussed

. gives an opportunity to know the view point of everyone present·  

Disadvantages

· people may not want to convey their true thoughts or belief about the discussion on ground.

· people may be reluctant to chip in their perspective especially if it is against tahtof another member

· students would be made to give responses to things they have not seen or experienced

3) Interviews:

the use of Interview is the most reliable way of going about this survey. the dean would be able to generate original data. few students can be interviewed and their inputs can be taken regarding the issue.  

Advantages

· adaptability on the side of interviewers

. better response rate

. flexibility on the side of interviewer

disadvantage

time consuming

provides less anonymity

costly

it could be biased

Answer:  4.2%

Explanation:

Beta is a measure of sensitivity of a stock in that it measures how the stock reacts to a movement in market return. The Beta of the Market is 1.

If a Stock's Beta is 2, this means that if expected market return increases by 1%, the stock's expected return will increase by 2%. If a Stock's beta is 0.5 then if the expected return on the market increases by 1%, the stock's expected return will increase by 0.5%.

In this case the expected return on the market increases by 6% so the expected return on Static Corporation should increase by;

= 0.7 * 6%

= 4.2%

Answer:

A. expenditures approach and the income approach.

Explanation:

GDP known as gross domestic product, is the dollar value of all final output produced within the borders of the nation during a specific period of time. Under a nominal gross domestic product (GDP) calculation for an economy, the current dollar value of the finished goods and services within the country is used. Since it is a measure that uses the current dollar value, it also include changes in price due to inflation or an increase in price in the economy

The GDP is important because it is a measure of the economy’s overall economic performance.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country. The Gross Domestic Products (GDP) of a country's economy gives an insight to it's social well-being, these includes;

The two principle methods of measuring Gross Domestic Product are the expenditures approach and the income approach.

Answer:

$2,210,051

Explanation:

The computation of the cost that would be guaranteed is shown below:

first find the number of shares controlled which is

= (S x N) ÷  (D + 1) ] + 1

Where,

S = the total number of shares

N  = the number of directors required

D  = total number of directors i.e. elected

So,

= (260,000 × 1) ÷ (5 + 1) + 1

= 43,334

Now the cost is

= 43,334 × $51

= $2,210,051

Answer:

19% to 19.7%

Explanation:

Cost of capital is the firm cost of sources of financing. It includes debt, equity and all other sources of finance with keeping the track of their required rate of return. The cost of capital is the expected return which is required by the lenders of fund.

Answer and Explanation:

The adjusting entries are shown below:

1. Interest expense [$11,400 × 9% × 4 ÷ 12] $342  

    To Interest payable  $342

(being accrued interest expense is recorded)  

2. Supplies expense [$2,200 - $820] $1,380  

     To Supplies  $1,380

[Being supplies expense is recorded]  

3. Depreciation expense $1,200  

     To Accumulated depreciation-Equipment $1,200

[Being depreciation expense is recorded]  

4 Insurance expense [$3,960 × 7 ÷ 12] $2,310  

          To Prepaid insurance  $2,310

[being insurance expense is recorded]  

5  Unearned service revenue $7,000  

             To Service revenue $7,000

[Being revenue from unearned is recorded]  

6 Accounts receivable $4,200  

         To Service revenue  $4,200

[Being accrued service revenue is recorded]  

7 Salaries expense [$5,400 ×  3 ÷ 5] $3,240  

          To Salaries payable $3,240

[being accrued salaries expense is recorded]

Answer:

Marketing Mix

Explanation:

What makes Shannon's beer great is basically her Marketing Mix. This combination of aspects is what ultimately makes Shannon's beer unique and attracts a large number of customers which makes it very profitable. This includes a combination of a unique beer recipe with high-quality ingredients, a top-notch mission statement, dedicated marketing that focuses on the organic and wholesome features of the product, and lastly a dedicated customer base that loves all of these features and purchases the product. This marketing mix sets Shannon's Beer apart from the competition and makes it great.

Answer:

Throughout the clarification subsection below, the definition of the questionnaire provided is defined.

Explanation:

Rationale: A organization like Moodmatcher lipstick manufactures the understood as a tool and promotes this through an intermediary throughout numerous governments or foreign.

Rationale: A business including Boeing creates the goods domestically which exports anything without an intermediary throughout foreign nations.

Rationale: In return for royalty as well as the fee, a business like Yoplait sells the rights to copyright, trademark, proprietary information, and perhaps other prized intellectual property.

Rationale: Companies including McDonald's are licensed to launch new franchises which are one of the quickest expanding methods for market entry.

Rationale: The Swedish networking group Ericsson has entered into a joint venture partner CGCT, another French switching group.

Rationale: A domestic company such as Nissan invests in some kind of an international subsidiary and retains it.

Answer:

$12.60

Explanation:

The computation of the current value of the stock is shown below:-

= $1.40 × (1.08) ÷ 1.16 + 1.40 × (1.08)^2 ÷ (1.16)^2 + 1.40 × (1.08)^3 ÷ (1.16)^3 + 1.40 × (1.08)^3 × (1.03) ÷ (0.16 - 0.03) × (1.16)^3

= $1.3034 + $1.2136 + $1.1299 + $8.9520

= $12.60

Therefore for computing the current value of stock we simply solved the above equation.