The manager of ABC, Inc decides to order the same number of widgets this year as last year. The manager has made a(n) ________ decision.

Answers

Answer 1

Answer: Structured decision

Explanation:

From the question, we are informed that the manager of ABC, Inc decides to order the same number of widgets this year as last year. This implies that the manager has made a structured decision.

Structured decisions occurs when there are already certain processes in place which will be vital in handling of a particular situation. People in organizations use structured decisions when the situations they face are common or reccuring ones. They're repetitive, hence there are necessary processes in place to handle them.


Related Questions

An individual has $2000 in physical assets, and $600 in cash initially. This person faces the following loss distribution to the wealth. Full insurance is available at $600

Probability Loss
0.5 0
0.1 200
0.2 400
0.1 1000
0.1 2000

The Individual can also buy partial insurance with i. a $200 deductible, or ii. 75% coinsurance, or iii. Upper limit on coverage, with the limit being $1000. The premium on each partial coverage policy is $450.

Required:
Provide a ranking of the four types of policies for the individual, in terms of preference if the preference function is given by U(FW) = LN(1+FW), where FW is final wealth of the individual.

Answers

Answer with Explanation:

Probability   Expected Loss           Loss Forecast

0.5                          0                                0

0.1                        200                              20

0.2                       400                              80

0.1                       1000                             100

0.1                       2000                            200

1.00                     Total                             400

Now,

A. Final Wealth with no Insurance = Physical Assets of the person + Cash Assets - Total Loss Forecast

By putting values, we have:

Final Wealth with no Insurance = $2,000 + $600 - $400 = $2,200

B. For Full insurance, we will not consider expected loss because we will receive Insurance Premium instead:

Final Wealth with Full Insurance = Physical Assets + Cash Assets - Insurance Premium

By putting values, we have:

Final Wealth with Full Insurance = $2,000 + $600 - $600 = $2,000

C. Final Wealth with Partial Insurance and $200 deductibles = Physical Assets + Cash Assets - Insurance Premium For Partial Coverage - Deductible

By putting values, we have:

Final Wealth with Partial Insurance and $200 deductibles = $2,000 + $600 - $450  - $200 = $1,950

D. Final Wealth with 75% Co-insurance = Physical Assets + Cash Assets - Insurance Premium - Co-payment

By putting values, we have:

Final Wealth with 75% Co-Insurance = $2,000 + $600 - $450 - (75% * $400)

= $1,850

E. Final Wealth with Partial Insurance and $1,000 Upper Limit = Physical Assets + Cash Assets - Insurance Premium - Maximum Loss Expected

By putting values, we have:

= $2,000 + $600 - $450 - (Probability 0.1 * $2,000) = $1950

From the above, we can say that the best option here in descending order is as under:

1.  A. Final Wealth with no Insurance

2.  B. With Full insurance

3.  C. Final Wealth with Partial Insurance and $200 deductibles & E. Final Wealth with Partial Insurance and $1,000 Upper Limit

4.  E. Final Wealth with Partial Insurance and $1,000 Upper Limit

Tom Scott is the owner, president, and primary salesperson for Scott Manufacturing. Because of this, the company's profits are driven by the amount of work Tom does. If he works 40 hours each week, the company's EBIT will be $615,000 per year; if he works a 50 hour week, the company's EBIT will be $755,000 per year. The company is currently worth $3.85 million. The company needs a cash infusion of $1.95 million, and it can issue equity or issue debt with an interest rate of 7 percent. Assume there are no corporate taxes.
What are the cash flows to Tom under each scenario?

Answers

Answer:

Scenario 1: debt is issued

interest expense = $1,950,000 x 7% = $136,500

amount of hours                  EBIT               Net income (all for Tom)

Tom works    

40                                     $615,000           $478,500

50                                    $755,000            $618,500

Scenario 2: equity is issued

amount of hours            Net income         Tom's share    

Tom works                                                  ($3.85 / $5.8 = 66.38%)      

40                                     $615,000           $408,237

50                                    $755,000            $501,169

Money is to an economy what language is to communication. What does this statement mean?

Answers

Answer:

i think it means that you need money to have an economy and you also need a language to be able to talk to someone

Explanation:

Read the following sentences, and identify the error.

a. Paolo recruited job applicants for the company that showed promise.

The error in this sentence is a:_________ .

b. We will be visiting our accounts in California, Oregon, and visiting our accounts in Washington.

The error in this sentence is a:________ .

Before you decide whether to use passive or active voice, you should consider the purpose of your message and the nature of the situation. Read the scenario, and then fill in the blanks.

You work for a printing company, and you realize that your colleague sent incorrect price quotes to a client. You begin to write an e-mail to the client to apologize for the mistake. You want to remedy the situation without criticizing your colleague. The sentence excerpted from the e-mail uses ______________ voice. Given the purpose of your message, this voice ___________ appropriate.

Answers

Answer:

a. Paolo recruited job applicants for the company that showed promise.

The error in this sentence is a: AMBIGUITY.    

Who showed promise? The company or the job applicants? This sentence is not specific and you really cannot tell whether the job applicants or the company showed promise.

b. We will be visiting our accounts in California, Oregon, and visiting our accounts in Washington.

The error in this sentence is a: LACK OF PARALLELISM.

In order to show parallelism you should include the dates of the visits, since you cannot visit all 3 states in the same day and do your work properly.

You work for a printing company, and you realize that your colleague sent incorrect price quotes to a client. You begin to write an e-mail to the client to apologize for the mistake. You want to remedy the situation without criticizing your colleague.

The sentence is missing, so I looked for a similar question:

"Bill made an error when he was processing your invoice."

The sentence excerpted from the e-mail uses ACTIVE voice. Given the purpose of your message, this voice IS NOT appropriate.

The whole purpose of this message is to solve a problem without criticizing Bill, but by using active voice, you are directly criticizing him.

An example of economies of scope is: Group of answer choices Google utilizing its information processing capabilities to provide data analysis services to other firms. The 200,000 unit production threshold for GM to make a profit on a car model. Decreasing per unit costs given increased unit production. Increasing per unit costs given increased unit production. None of the available answers.

Answers

Answer:

Google utilizing its information processing capabilities to provide data analysis services to other firms.

Explanation:

Many people confuse economies of scope with economies of scale. Economies of scope result when producing 2 or more different goods or services together is cheaper than producing them separately. While economies of scale refers to decreasing unit costs as the total output increases.

In the example above, Google already processes information for itself, and it is using that information to sell services to other companies. By producing both services together, the production costs lower.

Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level.


Units Produced Total Cost

March 10,029 $16,724
April 8,765 15,312
May 10,480 17,492
June 8,600 14,860
July 9,293 15,781

Required:
a. Compute the variable cost per unit using the high-low method.
b. Compute the fixed cost elements using the high-low method.
c. Estimate the total cost if the company produces 8,170 units.

Answers

Answer & Explanation:

a. Using the high-low method, Variable cost per unit is;

[tex]= \frac{Highest Variable Cost - Lowest Variable Cost}{Highest number of units - Lowest number of Units} \\\\= \frac{17,492 - 14,860}{10,480 - 8,600} \\\\= $1.40[/tex]

= $1.40

b. Fixed Cost

= Total Cost at lowest unit - Variable costs at lowest unit

= 14,860 - (1.4 * 8,600)

= $‭2,820‬

c. Variable cost at 8,170 units + Fixed cost

= (8,170 * 1.4) + 2,820

= $‭14,258‬

Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.)
2017 2016
Current assets $ 890,400 $999,600
Total assets 1,950,000 1,878,000
Current liabilities 424,000 357,000
Total liabilities 573,300 552,132
Net income 166,830 337,600
Net cash provided by operating activities 300,000 452,600
Capital expenditures 271,000 246,500
Dividends paid on common stock 85,000 76,500
Weighted-average shares outstanding 201,000 211,000
a. Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.)
2017 2016
Current ratio
b. Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)
2017 2016
Earnings per share $
c. Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%)
2017 2016
Debt to assets ratio
d. Calculate the free cash flow for each year. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)
2017 2016
Free cash flow

Answers

Answer:

Please see below

Explanation:

a. Current ratio

= Total current asset / Total current liabilities

2017

Current asset. 890,400

Current liabilities 424,000

Current ratio = 890,400/424,000

= 2.1

2016 Current ratio

Current asset. 999,600

Current liabilities 357,000

Current ratio = 999,600/357,000

= 2.8

b. Earnings per share

= (Net income - Preference dividend) / Weighted average number of shares outstanding

2017

Net income. 166,830

Weighted Average number of shares outstanding 201,000

Earnings per share = $166,830/201,000

= $0.83

2016 Earnings per share

Net income $337,600

Weighted Average number of shares outstanding 211,000

Earnings per share = $337,600/211,000

= $1.6

c. Debt to asset ratio

= Total liabilities / Total assets

2017

Total liabilities 573,300

Total assets 1,950,000

= 573,300/1,950,000

= 0.29

2016 Debt to asset ratio

Total liabilities 552,132

Total assets 1,878,000

Debt to asset ratio = 552,132/1,878,000

= 0.29

d. Free cash flow

2017

Cash flow from operating activities 300,000

Less: capital expenditure (271,000)

Free cash flow 29,000

2016 free Cash flow from operating activities

Free cash flow 452,600

Less: capital expenditure (246,500)

Free cash flow. 206,100

Company manufactures car seats in its plant. Each car seat passes through the assembly department and testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is ​% complete. Conversion costs are added evenly during the testing​ department's process. As work in assembly is​ completed, each unit is immediately transferred to testing. As each unit is completed in​ testing, it is immediately transferred to Finished Goods. Company uses the​ weighted-average method of process costing. Data for the testing department for October are as​ follows:

Physical Units (Car Seats) Direct Materials Conversion Costs
Work-in-process, October 1 *a 5,000 $1,250,000 $402,750
Started during October 20,000
Completed during October 22,500
Work-in-process, October 31 *b 2,500
Total costs added during October $4,500,000 $2,337,500



Required:
What is the percentage of completion for:​

a. Transferred-in costs and direct materials in beginning​ work-in-process inventory.
b. Transferred-in costs and direct materials in ending​ work-in-process inventory

Answers

Answer:

a. Beginning Work-In Process inventory

Transferred in Costs = 100%

All the transferred in costs will be accounted for in beginning Work-In Process inventory

Direct Materials = 0%

Conversion costs are not up to 90% so no Direct materials will be added.

b. Ending Work-In Process Inventory

Transferred in Costs = 100%

All the transferred in costs will be accounted for in ending Work-In Process inventory

Direct Materials = 0%

Conversion costs are not up to 90% so no Direct materials will be added.

Connors Corporation acquired manufacturing equipment for use in its assembly line. Below are four independent situations relating to the acquisition of the equipment. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
A. The equipment was purchased on account for $25,000. Credit terms were 2/10, n/30. Payment was made within the discount period and the company records the purchases of equipment net of discounts.
B. Connors gave the seller a noninterest-bearing note. The note required payment of $27,000 one year from date of purchase. The fair value of the equipment is not determinable. An interest rate of 10% properly reflects the time value of money in this situation.
C. Connors traded in old equipment that had a book value of $6,000 (original cost of $14,000 and accumulated depreciation of $8,000) and paid cash of $22,000. The old equipment had a fair value of $2,500 on the date of the exchange. The exchange has commercial substance.
D. Connors issued 1,000 shares of its nopar common stock in exchange for the equipment. The market value of the common stock was not determinable. The equipment could have been purchased for $24,000 in cash.
Required:
For each of the above situations, prepare the journal entry required to record the acquisition of the equipment.

Answers

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

Journal Entries  

                                                      Debit             Credit

A. The equipment was purchased on account for $25,000.

Equipment                             $25,000

Accounts Payable                                          $25,000

B. Connors gave the seller a noninterest-bearing note. The note required payment of (27,000 x 1/(1+10%)

Equipment                             $24,545

Discount on Notes Payable        $2,455

Note Payable                                                   $27,000

C. Connors traded in old equipment that had a book value of $6,000

Equipment New                           $24,500

Accumulated Depreciation          $8,000

Loss on Equipment                $3,500

Cash                                                                $22,000

Equipment Old                                               $14,000

D.Connors issued 1,000 shares of its nopar common stock in exchange for the equipment

Equipment                                  $24,000

Common Stock                                             $24,000

Global strategic planning is a primary function of a company's managers, and the process of strategic planning provides a formal structure for undertaking this process. Companies are confronting a set of environmental forces that are increasingly complex, global, and subject to rapid change. In response, many international firms have found it necessary to institute formal global strategic planning to provide a means for top management to identify opportunities and threats from all over the world.

Required:
Formulate strategies to handle them, and stipulate how to finance and manage the implementation of these strategies?

Answers

Answer and Explanation:

The steps in global strategic planning include

Review or develop Vision & Mission: business aims to understand what its vision and mission is, reviewing one already there or developing a new one based on the current business environment and changes

Business and operation analysis. Here the business aims to understand it's environment in terms of it strengths and weaknesses internally and externally

Develop Strategic Options: business looks to find all strategic options available and weighs options to select best strategy on the basis of its business and operation analysis to understand strategy to tackle the current business situation

Establish Strategic Objectives: strategy objectives are developed to tackle new business environment

Strategy Execution Plan: the execution plan involves an effective plan that can duly implemented

Establish Resource Allocation: resources are allocated to execute the global strategic plan

Execution Review: execution is reviewed and quantified to see if the plan is being met

Alpha Inc. has receivables from unrelated parties with a face value of $5,000. It transfers these receivables to bank for $4,500, without recourse. It will continue to collect the receivables, depositing them in a non-interest-bearing bank account with the cash flows remitted to the bank at the end of each month. It is not allowed to sell or pledge the receivables to anyone else and is under no obligation to repurchase the receivables from bank. Which of the following is the appropriate treatment for these Accounts receivables?
A) It should show these receivables in its Balance Sheet.
B) It should amortize these receivables.
C) It should derecognize these receivables.
D) It should derecognize these receivables if it retains the interest earned on these.

Answers

Answer:

C). It should derecognize these receivables.

Explanation:

Derecognition is characterized as the process of removing or derecognizing a financial asset or liability from the company's balance sheet that was previously acknowledged. In the given situation, the appropriate treatment for the Account receivables would be to dercognize it as the organization does not possess any control over them. Thus, option C is the correct answer.

One year ago, Tyler Stasney founded Swift Classified Ads. Stasney remembers that you took an accounting course while in college and comes to you for advice. He wishes to know how much net income his business earned during the past year in order to decide whether to keep the company going. His accounting records consist of the T-accounts from his ledger, which were prepared by an accountant who moved to another city. The ledger at December 31 follows. The accounts have not been adjusted. Stasney indicates that at year-end, customers owe him $1,600 for accrued service revenue. These revenues have not been recorded. During the year, Stasney collected $4,000 service revenue in advance from customers, but he earned only $900 of that amount. Rent expense for the year was $2,400, and he used up $1,700 of the supplies. Stasney determines that depreciation on his equipment was $5,000 for the year. At December 31, he owes his employee $1,200 accrued salary.

Answers

Answer:

net income = $33,900

Explanation:

The T-accounts are missing, so I looked for a similar question:

Stasney indicates that at year-end, customers owe him $1,600 for accrued service revenue. These revenues have not been recorded.

Dr Accounts receivable 1,600

    Cr Service revenue 1,600

During the year, Stasney collected $4,000 service revenue in advance from customers, but he earned only $900 of that amount.

Dr Unearned revenue 900

    Cr Service revenue 900

Rent expense for the year was $2,400, and he used up $1,700 of the supplies.

Dr Rent expense 2,400

    Cr Prepaid rent 2,400

Dr Supplies expense 1,700

    Cr Supplies 1,700

Stasney determines that depreciation on his equipment was $5,000 for the year.

Dr Depreciation expense 5,000

    Cr Accumulated depreciation 5,000

At December 31, he owes his employee $1,200 accrued salary.

Dr Wages expense 1,200

    Cr Wages payable 1,200

Total expense for the year = $17,000 (paid wages) + $1,200 (accrued wages) + $800 (utilities) + $2,400 (rent) + $1,700 (supplies) + $5,000 (depreciation) = $28,100

total revenues = $59,500 (previously recorded) + $1,600 (unrecorded service revenue) + $900 (accrued service revenue) = $62,000

net income = $62,000 - $28,100 = $33,900

The rule of 70 indicates that a 6% annual increase in the level of real GDP would lead to the output doubling in approximately _____ years.

Answers

Answer:

11.67

Explanation:

the time it would take real GDP to double = 70 / growth rate of real GDP = 70 / 6 = 11.67 years

Appendix 1: Gross and net methods for sales discounts
The following were selected from among the transactions completed by Strong Retail Group during August of the current year:
Aug. 5. Sold merchandise on account to M. Quinn, $7,500, terms 2/10, n/30. The
cost of the merchandise sold was $4,200.
9. Sold merchandise on account to R. Busch., $4,000, terms 1/10, n/30. The
cost of the merchandise sold was $2,100.
15. Received payment on account for the sale of August 5 less the discount.
20. Sold merchandise on account to S. Mooney, $6,000, terms n/eom. The
cost of the merchandise sold was $3,300.
25. Received payment on account for the sale of August 9. 31.Received
payment on account for the sale of August 20.
A. Journalize the August transactions using the gross method of recording sales discounts.
Aug. 5 Accounts Receivable-M. Quinn 7,500
Sales 7,500
Cost of Goods Sold 4,200
Inventory 4,200
Accounts Receivable-R. Busch 4,000
Sales 4,000
Cost of Goods Sold 2,100
B. Journalize the August transactions using the net method of recording sales discounts.

Answers

Answer: Check attachment

Explanation:

A . Journalize the August transactions using the gross method of recording sales discounts

Kindly check the attachment for the solution.

B. Journalize the August transactions using the net method of recording sales discounts.

Check attachment.

I WILL GIVE BRAINLIEST

Lean and Six Sigma models contradict one another,
True
False

Answers

True................................

The adjusted trial balance of Windsor, Inc. shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $908,100; Freight-Out $13,400; Sales Returns and Allowances $19,800; and Sales Discounts $14,500.

Required:
Prepare the sales section of the income statement.

Answers

Answer

                                     Windsor, Inc

                           Income Statement (Partial)

                           For the year October 31, 2022

Revenue

Sales                                                                      $908,100

Less: Sales return and allowance     $19,800

          Sales Discount                         $14,500

                                                                               $34,300

Net Sales                                                                $837,800

How is government in the United States today different from government in ancient Athens? O The United States is a direct democracy. The United States allows citizens to vote. The United States is a republic. O The United States has a unicameral legislature.​

Answers

Answer:

C -  The United States is a republic.

Explanation:

I got it right on edge

The government in the United States is different from the government in ancient Athens because the United States government is a republic. Therefore, the option C holds true.

What is the significance of a republic governance?

A governance that follows the ideologies and principles of a republic government is the society where republic governance is said to be existing. The President is the most supreme authority in a republic governance.

All the characteristics given above are common between the government of the United States and the government of ancient Athens, except for one difference, which is the republic governance being carried in the government of the United States of America at present.

Therefore, the option C holds true and states regarding the significance of a republic governance.

Learn more about a republic governance here:

https://brainly.com/question/19044837

#SPJ5

Exercise 2-8 Preparing T-accounts (ledger) and a trial balance LO P2 Following are the transactions of a new company called Pose-for-Pics Aug. 1 Madison Harris, the owner, invested $6,see cash and $33,509 of photog company paid $2,100 cash for an insurance policy covering the next 24 month:s s The company purchased office supplies for $888 cash. 20 The company received $3,331 cash in photography fees earned. 31 The company paid $675 cash for August utilities.
Required:
1. Post the transactions to the T-accounts.
2. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Post the transactions to the T-accounts Cash ies Balance

Answers

Answer:

Pose-for-Pics

1. T-accounts:

Cash Account

Date      Accounts Titles          Debit      Credit

Aug. 1    Common Stock         $6,500

Aug. 1    Prepaid Insurance                  $2,100

Aug. 1    Supplies                                       888

Aug. 20 Service Revenue        3,331

Aug. 31  Utilities Expense                        675

Aug. 30 Ending balance                     $6,168

Common Stock

Date      Accounts Titles       Debit      Credit

Aug. 1    Cash                                     $6,500

Aug. 1    Equipment                            33,509

Aug. 30 Ending Balance   $40,009

Photography Equipment

Date     Accounts Titles       Debit      Credit

Aug. 1   Common Stock  $33,509

Prepaid Insurance

Date     Accounts Titles       Debit      Credit

Aug. 1   Cash                       $2,100

Supplies

Date     Accounts Titles       Debit      Credit

Aug. 1   Cash                       $888

Service Revenue

Date     Accounts Titles       Debit      Credit

Aug. 20   Cash                                  $3,331

Utilities Expense

Date     Accounts Titles       Debit      Credit

Aug. 31   Cash                     $675

2. Pose-for-Pics

TRIAL BALANCE

As of August 31

Accounts Titles                   Debit        Credit

Cash                                  $6,168

Common Stock                              $40,009

Photography Equipment 33,509

Prepaid Insurance              2,100

Supplies                                888

Service Revenue                                 3,331

Utilities Expense                  675

Totals                             $43,340  $43,340

Explanation:

Correctly posting the transactions of Pose-for-Pics to the general ledger ensures that the two sides of the Trial Balance are equal as of August 31.  The balanced Trial Balance assures the arithmetical accuracy of the entries and postings in the general ledger.  This trial balance will then form the basis for preparing the financial statements after effecting the necessary adjusting entries.

The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co.:

Salaries:

Sales salaries: $402,000
Warehouse salaries 210,000
Office salaries 165,000
$777,000

Deductions:

Income tax withheld $135,975
Social security tax withheld 46,620
Medicare tax withheld 11,655
Retirement savings 17,094
Group insurance 13,986
$225,330

Tax rates assumed:

Social security 6%
Medicare 1.5%
State unemployment (employer only) 5.4%
Federal unemployment (employer only) 0.6%

Required:
Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries (refer to the Chart of Accounts for exact wording of account titles):

a. December 30, to record the payroll.
b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $40,000 is subject to unemployment compensation taxes.

Answers

Full question attached

Answer and Explanation:

Please find attached

A company had a tractor destroyed by fire. The tractor originally cost $141,000 with accumulated depreciation of $74,400. The proceeds from the insurance company were $36,000. The company should recognize:

Answers

Answer:

The correct answer is "$30,600". The further explanation is given below.

Explanation:

The given values are:

Tractor's cost

= $141,000

Accumulated depreciation

= $74,400

Now,

The book value on sale's date will be:

= [tex]Cost-Accumulated \ depreciation[/tex]

= [tex]141,000-74400[/tex]

= [tex]66,600[/tex] ($)

The Loss on sale is:

= [tex]66,600-36,000[/tex]

= [tex]30,600[/tex]

Chance company had two operating divisions, one manufacturing farm equipment and other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on Sept. 1, 2016, the company adopted a plan to sell the assets of the division.
The actual sale was completed on Dec. 15, 2016, at the price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. The division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through Dec. 15. The income tax rate is 40%. Chances after-tax income from its continuing operations is $350,000.
Required:
Prepare an income statement for 2016 beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares of common stock were outstanding throughout the year.

Answers

Answer:

                             Chance Company

                               Income Statement

               For the Year Ended December 31, 2016

After tax income from continuing operations                      $350,000

Discontinued operations:

Operating income                                        ($130,000 )

Loss on disposal                                          ($400,000)

Income tax on discontinued operations      $212,000

Income from discontinued operations                                 ($318,000 )

Net income                                                                               $32,000

Earnings per share (100,000 outstanding shares)                     $0.32

Product Director: We need to pick the best manager for the Prensabi software project. The project involves the latest technology and is very complicated. For example, this project uses a technology called Stage, which is a motion-capture technique that does not require actors to wear specialized gear to record their movements. Since this is a technical project that requires strong technical skills, we should pick the manager with the strongest technical skills. Executive: The manager needs some familiarity with the technology, but he or she won't actually be writing the software code. The bigger challenge here is to analyze the goals of the project and make sure that it is being developed according to a strong overall vision. That's why we should insist that the manager has outstanding conceptual skills. Which of the following, if true, weakens the product director's argument?
a) The project manager with the weakest technical skills also has the weakest human skills
b) The Prensabi project is so large that the project manager for the Prensab project will be unable to take on any other projects until the Prensabi project is inished.
c) The requirements of the Prensabi project are highly unusual.
d) The project manager with the strongest technical skills has no experience with
e) The project manager with the strongest conceptual skills has the weakest technical skills.

Answers

Answer:

The correct answer is: d) The project manager with the strongest technical skills has no experience with

Explanation:

Analyzing the scenario of the question above, it can be considered that the Project manager with the strongest technical skills has no experience with.

This would be the alternative that would weaken the argument of the product director, who says that the biggest challenge is to analyze the objectives of the project and make sure that it is being developed according to a strong overview. That is why we must insist that the manager has excellent conceptual skills.

Conceptual skills are those that allow the manager to have a total view of the organization in a systematic way, where there is experience to manage each part that integrates the organization in an effective way, conceptual skills are a set of knowledge and experiences for the decision making process decision-making is carried out in the best way.

Joni Splish Brothers Inc. has the following amounts reported in its general ledger at the end of the current year.

Organization costs $23,800
Trademarks 15,700
Discount on bonds payable 36,800
Deposits with advertising agency for ads to promote goodwill of company 11,800
Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,800
Cost of equipment acquired for research and development projects; the equipment has an alternative future use 86,800
Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 82,600

Required:
On the basis of this information, compute the total amount to be reported by Hyde for intangible assets on its balance sheet at year-end.

Answers

Answer:

$92,500

Explanation:

The computation of the total intangible asset is shown below:

= Trademarks + Excess of cost over fair value of net identifiable assets of acquired subsidiary

= $15,700 + $76,800

= $92,500

Hence, the total intangible asset is $92,500 and the same is to be considered

We simply applied the above formula

________ is used to make purchases while ________ is the total collection of pieces of property that serve to store value.

Answers

Answer:

Money; wealth.

Explanation:

Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Basically, money is a currency used for the purchase of goods and services such as food, clothes, perfume, shoes, automobile etc.

Hence, money is used to make purchases while wealth is the total collection of pieces of property that serve to store value. This simply means, wealth refers to the total or overall assets that is being owned by an individual or organization at a specific period of time.

The following information pertains to Windsor Solar Panels, Inc.
July 1 Sold $128,000 of solar panels to Wildhorse Company with terms 3/15, n/30. Windsor uses the gross method to record cash discounts. Windsor estimates allowances of $1,500 will be honored on this sale.
12 Sold $82,000 of solar panels to Novak Corp. with terms of 4/10, n/60. Windsor expects no allowances related to this sale.
18 Novak Corp. paid Windsor for its July 12 purchase.
20 Wildhorse calls to indicate that the panels purchased on July 1 work well, but the color is not quite right. Windsor grants a credit of $2,100 as compensation.
29 Wildhorse Company paid Windsor for its July 1 purchase.
31 Windsor expects allowances of $5,340 to be grated in the future related to solar panel sales in July.
Prepare the necessary journal entries for Larkspur. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)
Date Account Titles and Explanation Credit Debit
July 18

Answers

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

July 1 Sold $128,000 of solar panels

Dr   Receivables      128,000

Cr    Sales                      128,000

12 Sold $82,000 of solar panels

Dr   Receivables      82,000

Cr    Sales                      82,000

18 Novak Corp. paid Windsor for its July 12 purchase.

Dr  Cash                       78,720

Dr  Discount allowed    3280

Cr  Receivables               82,000

Windsor grants a credit of $2,100 as compensation.

Dr compensation expense   2,100

Cr     cash                                    2,100

29 Wildhorse Company paid Windsor for its July 1 purchase.

Dr  Cash                       128,000

Cr  Receivables               128,000

31 Windsor expects allowances of $5,340 to be grated in the future

Dr  Bad debt expense   5,340

Cr Allowance for bad debt   5,340

Leonard, a company that manufactures explosionproof motors, is considering two alternatives for expanding its international export capacity. Option 1 requires equipment purchases of $900,000 now and $560,000 two years from now, with annual M&O costs of $79,000 in years 1 through 10. Option 2 involves subcontracting some of the production at costs of $280,000 per year beginning now through the end of year 10. Neither option will have a significant salvage value.

Required:
Use a present worth analysis to determine which option is more attractive at the company’s MARR of 20% per year. (Note: Check out the spreadsheet exercises for new options that Leonard has been offered recently.)

Answers

Answer:

Since the total present value of Option 2 of – $1,453,892 is lower than the total present value of Option 1 of – $1,620,094, it implies that Option 2 costs less and more attractive at the company’s MARR of 20% per year than Option 1. Therefore, Option 2 should be selected.

Explanation:

Note: See the attached excel file for the calculation of the total present values (in bold red color) of the two alternatives for expanding international export capacity.

Present worth can be described as an equivalence method of analysis in which the cash flows of an investment or a project are discounted to a single present value.

From the attached excel file, we have:

Total present value of Option 1 = – $1,620,094

Total present value of Option 2 = – $1,453,892

Since the total present value of Option 2 of – $1,453,892 is lower than the total present value of Option 1 of – $1,620,094, it implies that Option 2 costs less and more attractive at the company’s MARR of 20% per year than Option 1. Therefore, Option 2 should be selected.

Which of the following is not a true statement about filing bankruptcy? a. Bankruptcy erases all of your debt. b. It is possible to rebuild your credit after filing bankruptcy. There are exemptions that alloW you to keep essentials. d. Bankruptcy stops aggressive action by creditors ​

Answers

The statement that is not true about bankruptcy is that Bankruptcy erases all of your debt. Option A is correct.

What is bankruptcy?

Bankruptcy is a legal process or procedure that involves a person or business that is unable to repay its outstanding debts.

The bankruptcy methodology starts with a requisition or petition that is pointed by the debtor, which is most expected, or on behalf of creditors, and which is less common.

After filing bankruptcy, it is possible to rebuild credit after filing bankruptcy of a debtor, and there are certain waivers that allow maintaining the requirements.

Bankruptcy prevents assertive action by creditors, ​and it does not mean that it erases all of your debt.

Therefore, option A is correct.

Learn more about bankruptcy, refer to:

https://brainly.com/question/1142634

Answer:

A

Explanation:

Which of the following is not a true statement about filing bankruptcy?

a.

Bankruptcy erases all of your debt.

b.

It is possible to rebuild your credit after filing bankruptcy.

c.

There are exemptions that allow you to keep essentials.

d.

Bankruptcy stops aggressive action by creditors.

 

A

Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 45%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000.
Do not round intermediate calculations. Round your answer to the nearest dollar.

Answers

Answer: $‭412,600‬

Explanation:

AFN = Increase in assets - Increase in Liabilities - Addition to Retained Earnings

Increase in Assets

= 5,000,000 *  15%

= $750,000

Increase in Liabilities

Only use Accruals and Accounts Payable

= (450,000 + 450,000) * 15%

= $135,000

Additional to Retained Earnings

= After tax Profit

= 9,200,000 * 4%

= $368,000

Addition to retained earnings = 368,000 * ( 1 - payout ratio)

= 368,000 * ( 1 - 45%)

= $202,400‬

Additional Funds Needed (AFN) = 750,000 - 135,000 - 202,400

= $‭412,600

The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year. A group of local organizers, led by a prominent local businesswoman, would like to use the pavilion for a concert to benefit a non-profit, national network of investors and environmental organizations working with companies and investors to address sustainability challenges such as global climate change. If the pavilion management agrees to host the concert, the organizers will donate all profits to Ceres (or absorb any losses).

Based on the following revenue and cost information, the organizers would like answers to several questions.

1. There are three sources of revenue for the concert:
2. Tickets will be sold for $15.50 each.
3. A large multinational corporation headquartered in Chicago will donate $2.00 per ticket sold.
4. Each concert attendee is expected to spend an average of $17.00 for parking, food, and merchandise.
5. On the expense side, there are also three components:

A popular national group has agreed to perform at the concert. Normally, the group demands a significant fixed fee to perform, but to reduce the risk for the organizers, the group has agreed to perform for $6.00 per ticket sold. The organizers will pay several companies to operate the parking, food, and merchandise concessions. They will pay $21,000 plus 15% of all parking, food, and merchandise revenue. The organizers will pay the pavilion $85,000 plus $7.00 per person attending to cover its operating expenses (production, maintenance, advertising, etc.)

Required:
a. What is the estimated contribution margin per ticket sold for the benefit concert?
b. What are the estimated total fixed costs for the benefit concert?
c. What is the estimated profit from the benefit concert if 10,500 tickets are sold?
d. How many tickets must be sold in order for concert profit to be $100,000?
e. Assuming a tax rate of 31% on profits from the concert, what must dollar ticket sales be in order for after-tax concert profits to be $100,000?
f. Assume that the organizers can negotiate the fixed payment for the pavilion's operating expenses. If the organizers expect to sell 10,500 tickets, how much can they afford to pay and still earn a profit of $100,000 (ignore taxes)?

Answers

Answer:

a. What is the estimated contribution margin per ticket sold for the benefit concert?

contribution margin per ticket = ($15.50 + $2 + $17) - ($6 + $2.55 + $7) = $34.50 - $15.55 = $18.95

b. What are the estimated total fixed costs for the benefit concert?

total fixed costs = $21,000 + $85,000 = $106,000

c. What is the estimated profit from the benefit concert if 10,500 tickets are sold?

estimated profit = (10,500 x $18.95) - $106,000 = $92,975

d. How many tickets must be sold in order for concert profit to be $100,000?

number of tickets sold = ($106,000 + $100,000) / $18.95 = 10,870.71 ≈ 10,871 tickets sold

e. Assuming a tax rate of 31% on profits from the concert, what must dollar ticket sales be in order for after-tax concert profits to be $100,000?

$100,000 / (1 - 31%) = $144,927.54

number of tickets sold = ($106,000 + $144,927.54) / $18.95 = 13,241.56 ≈ 13,241.56 tickets sold

f. Assume that the organizers can negotiate the fixed payment for the pavilion's operating expenses. If the organizers expect to sell 10,500 tickets, how much can they afford to pay and still earn a profit of $100,000 (ignore taxes)?

contribution margin increases to $18.95 + $7 = $25.95

10,500 = ($21,000 + $100,000 + ?) / $25.95

$272,475 = $121,000 + ?

? = $151,475

you can pay up to $151,475 in fixed expenses to the pavilion

You call a coworker to see if they can come help you solve a problem

Answers

yes/true/correct/not false
Other Questions
Giovanni Food Products produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown.Year Revune1 8.53 2 10.84 3 12.984 14.11 5 16.31 6 17.217 18.378 18.459 18.4010 18.43Required:a. Construct a time series plot. Comment on the appropriateness of a linear trend.b. Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast revenue.c. Using the trend equation developed in part (b), forecast revenue in year 11. i need help please help me The last phase of taking a picture is what?EditingBalancingFormattingContrasting Most BROAD way to tell the difference PLEASE HELP ME!I would really appreciate it. What is weathering? Give two examples. Which biome is Canada in?TundraDesertTaigaTemperate Forest Help meee pleaseeeeeee :( One of the disadvantages of the sole proprietorship is related to the fact that the amount of equity capital that can be raised to finance the business is limited to the owner's personal wealth. ____________ is about determining how the firm should finance or pay for assets. The risk manager monitors and manages the firm's risk exposure in financial and commodity markets and the firm's relationships with insurance providers. Privately held, or closely held, corporations are typically owned by a small number of investors, and their shares are not traded publicly. give five eg of comparison help me plzzzzzzzzzzz What idea did George Washington introduce as president of the United States?A. The US president's first two years should be the most productive.B.US presidents should play an important role in maintaining world peace.C. US presidents should not belong to any political party.shD. US presidents should run for election for only two terms. 5. Do this without using a calculatorCalculate 39 63 + 39 37A. 3,510. B. 3,900. C. 4,290. D. 97,812 An average swimming pool contains 19200 gallons of water. The pool needs drained at the end of the summer. Water drains from the pool at the rate of 12 gallons per minute. Which equation can be used to find the volume, V, of the water in the pool m minutes after draining begins? Plzs help I give u BRAINLIST *I will make you brainlist, if answer is right* Question-Which of these is the best summary of the passage from Helen Keller?A. Helen learned to spell words, but she did not know that they had meanings.B. Helen was excited when she learned to spell the word doll. C. Miss Sullivan spelled the words into Helen's hands using sign languageD. Miss Sullivan was an excellent teacher for Helen. Mikel has a chance to win a trip on a TV game show. All he has to do is win the Shopping Game". Inthis game, Mikel is shown six grocery store items without being shown the prices. He must buymultiples of items until he has a total between $20 and $21 inclusive. If he doesn't reach $20 with hisfirst item, he continues buying items and adding to his total, until he either wins by getting an amountbetween $20 and $21, or he loses by going over $21 or by buying all items and being less than $20.First, Mikel buys six bottles of shampoo.Solve the inequality. Round each answer to the hundredths place. Most of the water vapor in the atmosphere comes from evaporation of water from oceans. Most of this evaporation occurs where there is the greatest solar radiation, which is - Group of answer choices around islands in the Pacific. along the coast of Europe. near the Equator. Solve this equation -3-2[4-1] 3.46x + 6.38 = -4 the answer