Answer:
why you speaking nonsense?
Billy and Bobby each sells bagels, and each says it has a trade secret for the bagel recipe. Billy accuses Bobby of stealing his trade secret, and files a lawsuit. Bobby proposes that Billy pay him $100,000 per year in exchange for not making any bagels, until their lawsuit can be resolved. Under Case Example 19.3, In re Cardizem CD Antitrust Litigation, this would be a per se violation of the Sherman Act.
a. True
b. False
Answer:
True
Explanation:
According to the Sherman Antitrust Act of 1890,
It is unlawful in the US to establish a trust, create and operate a monopoly, and or a cartel.
Under the above said Act, contracts, schemes, strategies, practices, and or conspiracies that put a restriction on the way trade ought to be conducted within industries are illegal.
So in the case of Billy Vs Bobby, (if they are the only players in the market) it means that as competitors, they cannot divide the market intentionally amongst themselves via some agreement or the other.
It may not have been the intention of Bobby to create a trust, however, if Billy had agreed, then it would count as such. Because it can then be inferred that both of them have shared the market amongst themselves.
In the case of Cardizem CD Antitrust Litigation, we know that there were only two players. Both agreed to a monopoly.
The defendants HMRI/Andrx had agreed to play the monopoly for 180 days with HMRI agreeing to pay Andrix $89 Million. HMRI was the older player. Adrix was the latest entrant in the market with a bioequivalent alterntive t HMRI's drug.
When the news got to the public, stakeholders were irked. They were suited and the court ruled that their actions violated the Sherman Act and that the agreement be terminated immediately.
Cheers
LCI Cable Company grants 2.0 million performance stock options to key executives at January 1, 2018. The options entitle executives to receive 2.0 million of LCI $1 par common shares, subject to the achievement of specific financial goals over the next four years. Attainment of these goals is considered probable initially and throughout the service period. The options have a current fair value of $16 per option.
Required:
a. Prepare the appropriate entry when the options are awarded on January 1, 2018.
b. Prepare the appropriate entries on December 31 of each year 2018.
c. Suppose at the beginning of 2019, LCI decided it is not probable that the performance objectives will be met. Prepare the appropriate entries on December 31 of 2019 and 2020.
Answer:
Data provided as per the question is given below:-
Option expected to vest = 2.4 million
Fair value = $13
No Journal entry is required until the end of the reporting period, but reimbursement must be calculated at the grant date.
Estimated total compensation = Option expected to vest × Fair value
= 2.4 million × $13
= $31.2 million
Explanation:
order the steps for inserting a video into a presentation, using a media slide template
Answer:
The answer is below
Explanation:
To embed a video file for a presentation in a Microsoft Powerpoint, here are the following steps to take in order:
1. Click on the specific file you want to add the video, follow up by clicking on the Menu, then Insert.
2. From the Insert tab, click the Video drop-down arrow, follow up by clicking the Video on My PC.
3. Find and select your specific video file, then click Insert.
4. Modify the settings in the Video Format toolbar to ensure the video plays accordingly
5. Make a preview of your presentation to confirm that your video plays accordingly.
Answer:
1. Insert a new slide based on the template
2. click the video icon
3. locate and select a video file
4. click the insert button
5. adjust the appearance of the video
Explanation:
edge answer. hope this helps :)
Analyzing and Distributing Cash Dividends to Preferred and Common Stocks Potter Company has outstanding 16,000 shares of $60 par value, 5% preferred stock and 60,000 shares of $5 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $260,000 in the second year, and $48,000 in the third year. a. If the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years.
Answer:
Year 1
Preferred Stock Dividend = $ 0
Common Stock Dividend = $0
Year 2
Preferred Stock Dividend = $96,000
Common Stock Dividend = $164,000
Year 3
Preferred Stock Dividend = $48,000
Common Stock Dividend = $0
Explanation:
Preferred Stock has preference when it comes to payments of dividends. The remainder of the dividends will then be paid to Common Stock Holders after distributions have been made to Preference Stock Holders.
Then, If preferred stock is cumulative, this means all outstanding preferred stock dividends not paid are not waived, but are paid up in the year that the cash for dividend is available.
Preferred stock dividend is fixed calculated as :
Preferred Stock Dividend = 16,000 share x $60 x 5% = $48,000
thus
Cash dividends paid to each class of stock in each of the three years will be determined as :
Year 1
Preferred Stock Dividend = $ 0 , but $48,000 carried over to next year.
Common Stock Dividend = $0
Year 2
Preferred Stock Dividend = $48,000 (current year) + $48,000 (previous year) = $96,000
Common Stock Dividend = $260,000 - $96,000 = $164,000
Year 3
Preferred Stock Dividend = $48,000
Common Stock Dividend = $0
Regarding the Cost-Plus pricing, which of the following statement is NOT true? It is a pricing strategy liked by the Finance department It supports price differentiation It calculates the price based on the cost plus a standard margin It is an entirely inward-focused strategy that has nothing to do with the market and competition
Answer: It supports price differentiation
Explanation:
Cost-plus pricing works by adding a standard margin to the cost of producing or acquiring a good. The margin will be the gross profit per unit.
This does not support price differentiation because it would lead to the same price being charged to all customers for the goods regardless of who the customers are, whereas price differentiation calls for different types of customers to be charged different prices.
Coronado Company is authorized to issue 9000 shares of 9%, $100 par value preferred stock and 522000 shares of no-par common stock with a stated value of $1 per share. If Coronado issues 4500 shares of preferred stock for land with an asking price of $571000 and a market value of $547000, which of the following would be the journal entry for Coronado to record?
(a) Land 571000
Preferred Stock 450000
Paid-in Capital in Excess of Par-Preferred 121000
(b) Land 547000
Preferred Stock 450000
Paid-in Capital in Excess of Par-Preferred 97000
(c) Land 450000
Preferred Stock 450000
(d) Land 547000
Preferred Stock 547000
Answer:
(b) Land 547000
Preferred Stock 450000
Paid-in Capital in Excess of Par-Preferred 97000
Explanation:
The journal entry is shown below;
Land $547,000
To Preferred stock $450,000 (4,500 shares × $100)
To Paid in capital, in excess of par- preferred $97,000
(being the preferred stock is issued in exchange of land)
Here the land is debited as it increased the asset and credited the preferred stock & paid in capital as it increased the equity
Therefore the correct option is b.
Sales $419,000 Cost of goods sold (all variable) $175,500 Total variable selling expense $23,600 Total fixed selling expense $17,200 Total variable administrative expense $15,400 Total fixed administrative expense $31,400 The contribution margin for October is: Multiple Choice $370,400 $243,500 $204,500 $155,900
Answer:
$204,500
Explanation:
contribution margin = sales - variable cost
= $419,000 - ($175,500 + $23,600 + $15,400)
= $204,500
The contribution margin for October is: $204,500
Assume that, on January 1, 2021, Matsui Co. paid $2,958,000 for its investment in 87,000 shares of Yankee Inc. Further, assume that Yankee has 290,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $580,000 at January 1, 2021. The following information pertains to Yankee during 2021:
Net income $290,000
Dividends declared and paid $87,000
Market price of common stock on 12/31/2021 $36 /share
Required:
What amount would Matsui report in its year-end 2021 balance sheet for its investment in Yankee?
Answer: $3,018,900
Explanation:
Amount to report is:
= Cost of investment + Share of Net income - Share of dividends
Share of Net income
= Percentage ownership * Net income
= 87,000 shares / 290,000 * 290,000
= $87,000
Share of Dividends
= 87,000 / 290,000 * 87,000
= $26,100
Amount to report:
= 2,958,000 + 87,000 - 26,100
= $3,018,900
A publisher reports that 64% of their readers own a laptop. A marketing executive wants to test the claim that the percentage is actually above the reported percentage. A random sample of 140 found that 70% of the readers owned a laptop. Is there sufficient evidence at the 0.10 level to support the executive's claim? Step 5 of 7: Identify the value of the level of significance.
Answer:
I don't no the answer sorry
A business owner decides to give all her employees a living wage and benefits, including any new employees.
Which social responsibility stance did the business owner demonstrate?
Answer:
Proactive stance.
Explanation:
In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society and the people, usually as it conducts its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).
In this scenario, a business owner gave all her employees a living wage and benefits, which is also applicable to any new employees. Thus, the social responsibility stance which the business owner demonstrate is proactive stance.
A proactive stance can be defined as voluntary business practices adopted by an organization or business firm beyond the standard regulatory practice, so as to actively enhance and facilitate growth and development in a society.
the 4P’s include____
Answer:
price,product, promotion,place
why do conduction band electrons posses very high energy's.h
Just because of band gap. The forbidden energy gap keeps the conduction band at high energy by an amount to equal to band gap energy from the valence band edge. If you compare energies of electrons present in conduction band and valence band, they significantly differ by an amount equal to band gap energy. The low energy electron presents in a valence band requires an energy equal to band gap energy to excite to conduction band. Consequently, the electrons present in conduction band possess high energy compared to electrons present in valence band. At absolute zero K, the low energy states present in valence band are usually completely occupied where as the high energy states present in the conduction band are unoccupied.
Dehnert Midwifery's cost formula for its wages and salaries is $2,030 per month plus $409 per birth. For the month of May, the company planned for activity of 112 births, but the actual level of activity was 114 births. The actual wages and salaries for the month was $50,800. The wages and salaries in the planning budget for May would be closest to: Group of answer choices $47,838 $50,800 $49,909 $48,656
Answer:
The Answer is A. $47,838.
Explanation:
Burgundy, Inc., and Violet Gomez are equal partners in the calendar year BV LLC. Burgundy uses a fiscal year ending April 30, and Violet uses a calendar year. Burgundy receives an annual guaranteed payment of $100,000 for use of capital contributed by Burgundy. BV's taxable income (after deducting Burgundy's guaranteed payment) is $80,000 for 2021 and $90,000 for 2022.
a. How much income from BV must Burgundy report for its tax year ending April 30, 2015?
b. How much income from BV must Violet report for her tax year ending December 31, 2015?
Answer:
A. $140,000
B. $45,000
Explanation:
a. Calculation to determine How much income from BV must Burgundy report for its tax year ending April 30, 2015
Using this formula
Income from BV=Annual guaranteed payment+(BV's taxable income*50% Distributive share of the partnership)
Let plug in the formula
Income from BV=$100,000+($80,000*50%)
Income from BV=$100,000+$40,000
Income from BV=$140,000
Therefore The Amount of income from BV that Burgundy must report for its tax year ending April 30, 2015 is $140,000.
B. Calculation to determine How much income from BV must Violet report for her tax year ending December 31, 2015
Using this formula
Income from BV=(BV's taxable income*50% Distributive share of the partnership)
Let plug in the formula
Income from BV=($90,000*50%)
Income from BV=$45,000
Therefore The Amount of income from BV that Burgundy must report for its tax year ending December 31, 2015 is $45,000.
A 10-year, 10.00%, $5,000 bond that pays dividends quarterly can be purchased for $4,610.
This means that $4,610 is spent on the bond now. Every quarter, $125.00 is provided to the purchaser as the dividend. After 10 years, $5,000 is given to the purchaser.
If the bond is purchased and pays as scheduled, which of the following ranges of effective rate of return will the purchaser receive?
a. 11.00% - 12.00%
b. 10.00% - 10.50%
c. 12.01% - 14.01%
d. 10.50% - 10.75%
Answer: a. 11.00% - 12.00%
Explanation:
We can find the rate using Excel.
Payments are quarterly so we need to adjust the variables to quarterly figures:
Period = 10 years * 4 = 40 quarters
Present value = $4,610 (should be a negative number)
Future value = $5,000 at maturity
The effective rate will be 2.9% as shown in the attachment.
This is a quarterly figure so convert it to annual:
= 2.9 * 4
= 11.6%
It is between 11% and 12%
difference between manager and management
Answer:
The main difference between the two is that leaders have people that follow them, while managers have people who simply work for them.
...
HELP URGENT PLEASE!!!!!!!!!!!!!
Answer:
Workman's compensation
Explanation:
OSHA stands for Occupational Health and Safety Administration, and it is an agency created during the administration of Richard Nixon, whose main purpose is to establish safety rules in the workplace, to make sure that workers are aware of those rule, and to compensate workers economically in case their health is affected by a violation of a regulation from the companies they are or were working for.
Many companies secure financing from various sources with various payback periods. Not all funding sources are the same, and in fact, some can come with a pretty high cost to the firm. These costs could include high interest rates, long payback periods, and increased ownership in the firm which could result in lost control.
Analyze the funding options listed, and determine if the option is usually a short-term or long-term strategy.
a. Line of credit
b. Commercial paper
c. Trade credit
d. Bank load of 10 months
e. Bond
f. Stock
g. Bank load of 20 months
Answer and Explanation:
The classification of the funds as a short term or long term strategy as follows;
a. Line of credit = short term financing
b. Commercial paper = short term financing
c. Trade credit = short term financing
d. Bank load of 10 months = short term financing
e. Bond = long term financing
f. Stock = long term financing
g. Bank load of 20 months = long term financing
In this way, the classifications of the funds has to be done
Type the first thing that come to your mind
Answer:
testing </3
Explanation:
Answer:
i like your pfp because its a cat
Marilyn County operates on a calendar year basis. It uses a Capital Projects Fund to account for major capital projects and a Debt Service Fund to accumulate resources to pay principal and interest on general obligation debt. It does not use encumbrance accounting in the Capital Projects Fund. The following transactions occur:
1. On January 1, 2013, Marilyn County issues general obligation bonds in the amount of $1,000,000 to build a community center. The debt will be paid off in 20 equal semiannual installments of $50,000 over a 10-year period commencing October 1, 2013, with interest of 4 percent per annum paid on the outstanding debt.
2. The county realizes that the community center will cost more than it originally anticipated. On May 1, the county transfers $20,000 from its General Fund to its Capital Projects Fund to help meet project costs.
3. Construction is completed on July 1, 2013, and the community center is ready for occupancy. The county pays the contractor a total of $1,020,000 on July 1. The county anticipates that the community center will have a useful life of 20 years.
4. On September 30, 2013, the General Fund transfers an amount to the Debt Service Fund that is sufficient to pay the first debt service installment, which is due October 1.
5. The county pays the debt service due on October 1. Use the preceding information to do the following:
Required:
a. Prepare journal entries to record these transactions in the Capital Projects Fund, the General Fund, and the Debt Service Fund.
b. Prepare the adjustments needed to develop the governmental activities column of the government- wide financial statements.
c. Calculate the amount that Marilyn County will report in its December 31, 2013, governmentwide statement of net position as Invested in capital assets, net of related debt. Also, assuming all debt service installments are paid when due in 2014, calculate the amount invested in capital assets, net of related debt as of December 31, 2014.
Answer:
Marilyn County
1. Journal Entries:
1. January 1, 2013,
Debit Capital Projects Fund $1,000,000
Credit General Obligation Bonds Payable $1,000,000
To record the issuance of bonds, payable in 20 equal semiannual installments of $50,000 over a 10-year period commencing October 1, 2013, with interest of 4 percent per annum paid on the outstanding debt.
2. May 1,
Debit Capital Projects Fund $20,000
Credit General Fund $20,000
To fund the additional project costs.
3. July 1
Debit Construction of Community Center $1,020,000
Credit Capital Projects Fund $1,020,000.
To record the payment to the contractors for completed construction of Community Center with estimated 20 years useful life.
4. September 30, 2013
Debit Debt Service Fund $70,000
Credit General Fund $70,000
To transfer funds for debt service.
5. October 1:
Debit Bonds Payable $50,000
Debit Interest on Bonds Expense $20,000
Credit Debt Service Fund $70,000
To record the payment of the debt service with semi-annual interest.
2. Governmental activities column of the government- wide financial statements:
Capital assets $1,020,000
Reduction of Liabilities $950,000 ($1,000,000 - $50,000)
Payment of debt service and interest $70,000
3. December 31, 2013, government-wide statement of net position
Investment in capital assets, $1,020,000
Related debt (950,000)
Invested capital assets, net $70,000
4. December 31, 2014, government-wide statement of net position
Investment in capital assets, $1,020,000
Related debt (850,000)
Invested capital assets, net $170,000
Explanation:
a) Data and Analysis:
1. January 1, 2013, Capital Projects Fund $1,000,000 General Obligation Bonds Payable $1,000,000
2. May 1, Capital Projects Fund $20,000 General Fund $20,000
3. July 1 Construction Contract $1,020,000 Capital Projects Fund $1,020,000.
4. September 30, 2013 Debt Service Fund $70,000 General Fund $70,000
5. October 1, Bonds Payable $50,000 Interest on Bonds Expense $20,000 ($1,000,000 * 4% * 6/12) Debt Service Fund $70,000
Your dad has been away abroad for weeks ob a business trip and all has not been well at home. Write a letter informing him to intervene right away to restore sanitary at home no peace.
Portfolio A is a well-diversified portfolio that is equally weighted among 5,000 different and diverse stocks. Portfolio A has an average amount of systematic risk, so it has exactly the same amount of systematic risk as the market portfolio Portfolio B consists of 2 stocks that operate in the restaurant industry: 500 shares of Gourmet Restaurant in stock, which has a price of $26 per share and a beta of 0.6; and 1,000 shares of Suppertime Restaurant Inc. stock, which has a price of $22 per share and a beta of 1.4. All stocks have some unsystematic risk and all stocks have the same level of unsystematic risk. Which one of the following assertions is most likely to be true?
a. Portfolio A has less systematic risk than portfolio B, and portfolio A and less unsystematic risk than portfolio B
b. Portfolio A has less systematic risk than portfolio B, and portfolio A and more unsystematic risk than portfolio B
c. Portfolio A has more systematic risk than portfolio B, and portfolio A and less unsystematic risk than portfolio B
d. Portfolio A has more systematic risk than portfolio B, and portfolio A and more unsystematic risk than portfolio B
Answer:
A
Explanation:
Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors
the systemic risk of portfolio A = 1
systemic risk of portfolio B = (proportion of Gourmet Restaurant's stock x beta of Gourmet Restaurant's stock) + (proportion of Suppertime Restaurant's stock x beta of Suppertime Restaurant's stock)
([tex]\frac{500}{1500}[/tex] × 0.6) + ([tex]\frac{1000}{1500}[/tex] × 1.4) = 0.2 + 0.9 = 1.1
Portfolio B has a higher beta and thus a higher systemic risk than Portfolio A
Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.
Portfolio A is more diversified than portfolio B. Thus, Portfolio B has a higher non-systemic risk
You are the Cancer Program Director for a large hospital. The Vice President you report to has just informed you that the Board of Directors has approved the development of a radiation treatment department. The feasibility study listed the employees that will be needed by job title and an estimated total payroll. It did not include further details about staffing. The types of positions include entry level service and support staff, licensed technical and nursing staff, and a supervisor. You have four months, while the facility is remodeled and equipment installed, to hire the staff so they can begin training and open the center five months from now. Your first step will be to consult with the Human Resources staff.
Required:
Show the work plan that you would develop for this assignment.
Answer:
I tink its 74 if not punish me
The following phases are part of the work plan for hiring staff for the radiation treatment department .
What are the working plans ?Stage 1: Consultation with Human Resource Staff: We will obtain approval for people recruiting from the HR officer and council members in this step. We will also confer with the human resource manager regarding the expertise, qualifications, and salary of the employees who will be employed.
Step 2: Accepts Applications: The HR officer will take applications from a variety of sources, review the employees' applications, and forward the relevant resumes to the Head of Department for their review.
The third step is to conduct the interview after notifying the shortlisted candidates of their selection. Two rounds are available forthe interview, the first round of selection, and the last interview.
The interviewer evaluates the candidate's communication skills in the first round, and the technical interview takes place in the second.
Step 5: Introducing the Job: The list is created following the completion of the employee's medical examination and document verification for positions such as entry-level personnel.
Learn more about Process here
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Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows:
Production:
Units in process, July 1, 60% complete* 10,000
Units completed and transferred out 80,000
Units in process, July 31, 80% complete* 15,000
* With respect to conversion costs.
Required:
a. Prepare a physical flow schedule for July.
b. Prepare an equivalent units schedule for July using the FIFO method.
Answer:
Physical Flow units 105000 ounces
FIFO Equivalent Units = Materials 85000 and Conversion 86000 ounces
Explanation:
Jackson Products
Physical flow Schedule
For the month of July.
Units to account For
BWIP 60 % complete 10,000
Units Started 95000
Total units to account for 105000
Units accounted For
Units completed and Transferred out 80,000
BWIP 10000
EWIP 15000
Total Units accounted For 105,000
Jackson Products
Equivalent Units Schedule
For the month of July.
Particulars Units % OF Completion Equivalent Units
Materials Conversion Materials Conversion
Units Started &
Completed 100 100 80000 80000
EWIP 100 80 15000 12000
Less Beg. WIP 100 60 10,000 6000
Total Equivalent Units 85000 86000
The difference between Weighted and FIFO Equivalent units is that FIFO accounts only for the current units . Thus the beginning inventory is deducted from the Total of completed and ending units.
Explanation:
Such factors as having one's own tools and workplace, having a number of customers, setting one's own work schedule and having the power to determine how a job will be carried out indicate that this person is likely:_______.
a. An employee An incidental employee
b. An employee by ratification
c. A gratuitous employee
d. An independent contractor
Answer:
d. An independent contractor
Explanation:
The factors mentioned in the question above refer to an independent contractor, that is, a worker who is self-employed and controls his own work that is not regulated by an employer.
An independent contractor has the autonomy and freedom to coordinate his work according to his own needs, that is, he can offer his service to a clientele choosing his place of work, schedule and the power to finish how the work will be done.
Some examples of independent contractors may be entrepreneurs, lawyers, doctors, dentists, traders, etc.
Examples of price discrimination
Complete the following table by indicating whether or not each scenario is an example of price discrimination.
Hint: To determine whether a scenario is an example of price discrimination, think about whether the market can be segmented into two groups that pay different prices for the same good.
Price Discrimination
Scenario Yes No
A local boutique is having a sale on sweaters, but customers are not aware of the sale until they are already in the store. In other words, there is no advertising of the sale other than signs in the back of the store that cannot be seen from the outside. All sweaters are marked as 25% off.
Southeast Airlines offers domestic flights to a variety of U.S. cities. The company's last-minute flight discount service, Ping, can be downloaded for free from its website. Each day, Ping will alert users to that day's deals. These deals are available for a short period of time and are good for travel only between certain locations during specified travel periods. Therefore, business travelers tend not to take advantage of these offers.
Answer:
It is not an example of price discrimination
It is an example of price discrimination
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Requirements to practice successful price discrimination
1. The firm must have market power. If the firm does not have market power and attempts to price discriminate they would lose customers
2. The firm must have different elasticities of demand for their product in different markets
3. The firm must be able to segment the market for their products
the first scenario is not an example of price discrimination because both customers that know about the sale and those that do not, end up paying the same price. Consumers are not segmented.
the second scenario is an example of price discrimination because different prices are offered to different groups of consumers based on location travelled and specified travel period. this most likely is an example of third degree price segmentation
Globe Travel Agency sells Spring Break trips to University of Houston undergraduate students. The fixed cost of Globe is $100,000 and its variable cost is $400 for every student who takes the trip Globe offers. The price elasticity of demand is -2.5 at all levels of price. At present, the price of the trip is $600/student and, at this price, demand is 1200 units. Assume that the number of trips sold always equals demand.
Required:
Compute the breakeven quantity at current price, P =$600.
Answer:
the breakeven quantity at current price is 500 units
Explanation:
The computation of the breakeven quantity at current price is shown below:
Breakeven point = Fixed cost ÷ (Price per unit - variable cost per unit)
= $100,000 ÷ ($600 - $400)
= 500 units
Hence, the breakeven quantity at current price is 500 units
We simply used the above formula so that the correct units could arrive
Pina Company issued $2,500,000 face value of 12%, 20-year bonds at $2,928,977, a yield of 10%. Pina uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.
Required:
Prepare the journal entries.
Answer:
Pina Company
Journal Entries:
Debit Cash $2,928,977
Credit 12% Bonds Payable $2,500,000
Credit Bonds Premium $428,977
To record the proceeds from the bonds issue, the bonds liability, and the premium.
June 30:
Debit Interest expense $146,449
Debit Amortization of premium $3,551
Credit Cash $150,000
To record the first interest payment and amortization of bonds premium.
December 31:
Debit Interest expense $146,271
Debit Amortization of Premium $3,729
Credit Cash $150,000
To record the second interest payment and amortization of bonds premium.
Explanation:
a) Data and Calculations:
Face value of 12% bonds = $2,500,000
Proceeds from bonds issue 2,928,977
Premium = $428,977
Coupon rate = 12%
Market yield rate = 10%
June 30:
Cash payment = $150,000 ($2,500,000 * 6%)
Interest expense $146,449 ($2,928,977 * 5%)
Amortized Premium 3,551 ($150,000 - $146,449)
Bonds value = $2,925,426 ($2,928,977 - $3,551)
December 31:
Cash Payment = $150,000 ($2,500,000 * 6%)
Interest expense $146,271 ($2,925,426)
Amortized premium 3,729 ($150,000 - $146,271)
Bonds value = $2,921,697 ($2,925,426 - $3,729)
What are the advantages of electronic communication
Answer:
IT HEPLS TO SOLVE ECONOMIC PROBLEMS ABOUT TRADITIONAL SUPERSTATION
Answer:
1. It is cheap
2. Ease of access and long term storage
3. Mobility in information transfer
4. Speedy communication
Explanation:
1. Communication over electronic media is very cheap and economical. Messaging via mobile devices can be done at little or no cost. Very important and urgent information can be disseminated through text or phone calls. This eliminates the cost of transportation.
2. You can save any information you receive or send easily for retrieval in future. The user can choose to store the messages temporarily or permanently. He can decide to print or store in files or hard disks.
3.Electronics communication involves the use of mobile devices such as phones, laptops and tablets for communication. You can carry these devices around easily, hence the portability in information and messaging.It makes it possible for people to stay in touch with their colleagues, friends and family anywhere and anytime.This channel of communication is a very big booster in the productivity of people who work online. They can do their jobs anywhere even when they are on vacation, inside the train, on a bus and anywhere you can think of.
4.Electronic communication is very fast. It offers users the opportunity to message and share information, multimedia messages and other information files within a blink.Instant messaging is very beneficial as people can now get information on the go.The quickness of important information can save lives and properties. Electronic Communication is very useful in security. You can use it as a means to create awareness about danger and people will be on the know within a matter of seconds.
Franco owns a 60% interest in the Dulera LLC. On December 31 of the current tax year, his basis in the LLC interest is $171,800. The fair market value of the interest is $188,980. In a proportionate current distribution, the LLC distributes $34,360 cash and equipment with an adjusted basis of $85,900 and a fair market value of $128,850 to him on that date. How much is Franco's adjusted basis in the LLC interest after the distribution and what is the amount of his basis in the equipment received?
Answer: See explanation
Explanation:
Franco's adjusted basis in the LLC interest after the distribution will be:
= Current year basis - Cash distributed - Equipment Adjusted basis
= $171,800 - $34,360 - $85,900
= $51540
Also, the basis on the equipment received from the information given will be $85,900.