Answer:
The Western Pipe Company
Western Pipe Co.
1. After Stock Dividend
Common stock (55,000 shares at $2 par) $110,000
Capital in excess of par 100,000
Retained earnings 240,000
Total equity $450,000
2. After a 20-cent Cash Dividend:
Common stock (55,000 shares at $2 par) $110,000
Capital in excess of par 100,000
Retained earnings 229,000
Total equity $439,000
Explanation:
Current market price of stock = $5 per share
Common stock (50,000 shares at $2 par) $100,000
Capital in excess of par 100,000
Retained earnings 250,000
Total equity $450,000
Stock dividend = 50,000 * 10% = 5,000 shares
New common stock = 55,000 shares
Retained earnings will be reduced to $240,000 ($2 * 5,000)
Cash dividend = $0.20 * 55,000 = $11,000
Retained earnings will be reduced to $229,000 ($240,000 - $11,000)
According to the basic double entry principle of accounting, we
A Credit ever account and debt the receive account
B. Debit the Elver account and credit the receiver account
Credit the ever and receiver acce
D. Any of the above, depending on the transactions
Answer:
D. Any of the above, depending on the transactions
Explanation:
The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.
For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.
If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.
You are asked to study the causal effect of hours spent on employee training (measured in hours per worker per week) in a manufacturing plant on the productivity of its workers (output per worker per hour).
Required:
a. Choose a random group of employees to receive ten hours per week in additional training for a period of four weeks. Then, estimate the difference in productivity between workers who received the additional training and those that did not. Option _______ best describes this statement.
b. Data on hours spent on training a group of ten different employees in a certain day. Option __________ best describes this statement.
c. Data on hours spent on training the same employee for seven consecutive days. Option________ best describes this
d. Data on hours spent training for a group of ten individual employees for seven consecutive days. Option________ best describes this statement.
1. an observational time series data set.
2. an observational cross — sectional data set.
3. an ideal randomized controlled experiment.
4. an observational panel data set.
Answer:
a. Option 3 best describes this statement.
This is because the option compares two different sets of employees receiving training and not receiving any training, it represents the case of an ideal randomized controlled experiment.
b. Option 2 best describes this statement.
This represents an observational cross sectional data set.
c. Option 1 best describes this statement.
This represents an observational time series data set because there are seven days track period of the employee.
d. Option 4 best describes this statement.
Since this represents a mixture of time series and cross sectional data set, it is panel data set.
v. An increase in one asset, a decrease in another asset and an
increase in one liability.
Answer:
Due to direct relationship between asset and liability.
Explanation:
Yes, increase in one asset will cause a decrease in another asset and an increase in one liability because of the direct relation between asset and liability and inverse relation between two asset. Direct relationship means if increase occurs in one thing or factor so the other factor also increases whereas if decrease occur in one thing or factor also decrease the other factor so if one asset is increases the liability is also increases.
Among the top motivator driving corporation to engage in CSR includes all of the following reasons except
Answer: meeting or exceeding budget
Explanation:
The options include:
a. Meeting or exceeding budget
b. Ethical considerations
c. Innovation and learning
d. Employee motivation
Corporate social responsibility simply refers to the responsibility of organizations to the society. It is when companies contribute to the goals of the society at large by engaging in charitable deeds or supporting practices that are environmental friendly or ethically viable.
The motivator that drives organizations to engage in corporate social responsibility include ethical consideration, employees motivation, innovation and learning etc.
Therefore, the option that doesn't motivate companies to engage in corporate social responsibility is meeting or exceeding budget.
The following account appears in the ledger prior to recognizing the jobs completed in January:Work in ProcessBalance, January 1 $17,890 Direct materials 145,450 Direct labor 156,900 Factory overhead 82,470 Jobs finished during January are summarized as follows:Job 210 $72,490Job 216 44,300Job 224 84,570Job 230 149,000a. Journalize the entry to record the jobs completed.Finished Goods Work in Process Feedbackb. Determine the cost of the unfinished jobs at January 31.______________ $
Answer:
The unfinished jobs are "$52,350".
Explanation:
The given values are:
Work in process balance,
= $17,890
Direct material,
= $145,450
Direct labor,
= $156,900
Factory overhead,
= $82,470
The four finished jobs are:
Job 210,
= $72,490
Job 216,
= 44,300
Job 224,
= 84,570
Job 230,
= 149,000
Now,
According to the total of all four finished jobs:
The Journal entry will be:
Debit Credit
(a) Finished goods $350,360
Work in progress $
(b)
The unfinished jobs on January 31st will be:
= Work in progress opening balance + Direct material + Direct labor + Factory overhead - finished goods
On substituting the values, we get
= [tex]17,890+ 145,450+156,900+82,470-350,360[/tex]
= [tex]52,350[/tex] ($)
Southern California Publishing Company is trying to decide whether to revise its popular textbook, Financial Psychoanalysis Made Simple. The company has estimated that the revision will cost $65,000. Cash flows from increased sales will be $20,000 the first year. These cash flows will increase by 3 percent per year. The book will go out of print four years from now. Assume that the initial cost is paid now and revenues are received at the end of each year.If the company requires a return of 8 percent for such an investment, what is the value today of the cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)Should the company undertake the revision?
1000000000Explanation: i play gta
Latoya is riding her bicycle. She rides at a speed of 12.5 kilometers per hour for 5 hours. For how many kilometers does she ride?
Answer:
2.5 Kilometers per hour
Explanation:
Answer:
[tex]\boxed {\boxed {\sf 62.5 \ kilometers}}[/tex]
Explanation:
Distance is the product of speed and time.
[tex]d=s*t[/tex]
The speed is 12.5 kilometers per hour and the time is 5 hours.
[tex]s=12.5 \ km/hr \\t= 5 \ hr[/tex]
Substitute the values into the formula.
[tex]d= 12.5 \ km/hr * 5 \ hr[/tex]
Multiply. Note that the unit of hours will cancel each other out.
[tex]d=62.5 \ km[/tex]
Latoya traveled 62.5 kilometers.
The Company (ROW) produces a line of non-motorized boats. ROW uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for :
Budgeted manufacturing overhead cost $125,000
Budgeted direct manufacturing labor cost $250,000
Actual manufacturing overhead cost $117,000
Actual direct manufacturing labor cost $228,000
Inventory balances on December 31, 2014, were as follows:
Account Ending balance 2014 Direct manufacturing labor cost in ending balance
Work in process $50,700 $20,520
Finished goods 245,050 59,280
Cost of goods sold 549,250 148,200
Required:
1. Calculate the predetermined overhead rate.
2. Compute the amount of under- or overapplied manufacturing overhead.
3. Calculate the ending balances in work in process, finished goods, and cost of goods sold if under- or overapplied manufacturing overhead is as follows:
a. Written off to cost of goods sold
b. Prorated based on ending balances (before proration) in each of the three accounts
Answer:
See
Explanation:
1. Predeterminer overhead
= Budgeted manufacturing overhead rate / Budgeted direct material labor cost
= 125,000/250,000
= 50%
2. Under or over allocated manufacturing overhead
= Actual manufacturing cost - Allocated manufacturing cost
= $117,000 - (50% × $228,000)
= $117,000 - $114,000
= $3,000
Over allocated manufacturing overhead = $3,000
It therefore means that the manufacturing overhead allocated is higher than the actual manufacturing cost hence it is over allocated.
The total factory overhead for Bardot Marine Company is budgeted for the year at $820,850, divided into four activities: fabrication, $441,000; assembly, $152,000; setup, $122,850; and inspection, $105,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows:
Fabrication Assembly Setup Inspection
Speedboat 5,250 dlh 14,250 dlh 38 setups 66 inspections
Bass boat 15,750 4,750 277 459
21,000 dlh 19,000 dlh 315 setups 525 inspect
Each product is budgeted for 5,000 units of production for the year.
a. Determine the activity rates for each activity.
b. Determine the activity-based factory overhead per unit for each product.
Answer:
Bardot Marine Company
a. Activity rates for each activity:
Fabrication = $21
Assembly = $8
Setup= $390
Inspection = $200
b. The activity-based factory overhead per unit for each product:
Speedboat = $40.45
Bass Boat = $113.72
Explanation:
a) Data and Calculations:
Budgeted total factory overhead = $820,850
Fabrication, $441,000
Assembly, $152,000
Setup, $122,850
Inspection, $105,000
Total $820,850
Activity-base Usage Quantities:
Speedboat Bass Boat Total
Fabrication 5,250 dlh 15,750 dlh 21,000
Assembly 14,250 dlh 4,750 dlh 19,000
Setup 38 setups 277 setups 315
Inspections 66 459 525
Budgeted units of
production 5,000 5,000 10,000
a) Activity rates for each activity:
Costs Usage Rates
Fabrication, $441,000 21,000 $21
Assembly, $152,000 19,000 $8
Setup, $122,850 315 $390
Inspection, $105,000 525 $200
b) Speedboat Bass Boat
Fabrication $110,250 ($21*5,250) $330,750 ($21*15,750)
Assembly 114,000 ($8*14,250) 38,000 ($8*4,750)
Setup 14,820 ($390*38) 108,030 ($390*277)
Inspections 13,200 ($200*66) 91,800 ($200*459)
Total overhead costs $252,270 $568,580
Budgeted units of
production 5,000 5,000
Per unit overhead $40.45 $113.72
2. When percentage change in quantity demanded is greater than percentage change in price then,
a) Consumers are relatively sensitive to price changes
b) Demand is inelastic
c) Coefficient of price elasticity is less than one
d) All of the above
e) None of the above
Answer: A. Consumers are relatively sensitive to price changes
Explanation:
In a situation whereby the percentage change in quantity demanded is greater than the percentage change in price then, we can say that the demand for the product is elastic.
When demand is elastic, the consumers are relatively sensitive to price changes and the coefficient of price elasticity is greater than 1.
Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department cost allocations:
Service Departments Operating Departments
Administration Janitorial Groceries Gifts
Departmental costs before allocations $200,000 Â Â Â Â Â $50,000 Â Â Â Â $3,850,000 Â Â $330,000 Â Â Â
Employee-hours         470           330            2,720           150   Â
Space occupied square feet         900            1,100           9,100         900 Â
Required:
Using the step-down method, allocate the costs of the service departments to the two operating departments. Allocate Administration first on the basis of employee-hours and then Janitorial on the basis of space occupied.
Answer:
Madison Park Co-op
Allocation of Departmental Costs:
Service Departments Operating Departments
Administration Janitorial Groceries Gifts
Departmental costs
before allocations $200,000 $50,000 $3,850,000 $330,000
Administration -200,000 206,250 1,700,000 93,750
Janitorial -256,250 242,857 13,393
Total costs 0 0 $5,792,857 $437,143
Explanation:
a) Data and Calculations:
Service Departments Operating Departments
Administration Janitorial Groceries Gifts
Departmental costs
before allocations $200,000 $50,000 $3,850,000 $330,000
Employee-hours 470 330 2,720 150
Space occupied
square feet 900 1,100 9,100 900
Administration costs:
Janitorial = $200,000 * 330/3,200 = $206,250
Groceries = $200,000 * 2,720/3,200 = $1,700,000
Gifts = $200,000 * 150/3,200 = $93,750
Janitorial costs:
Groceries = $256,250 * 2,720/2,870 = $242,857
Gifts = $256,250 * 150/2,870 = $13,393
Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools:
Activity Cost Pool Estimated Overhead Cost Expected Activity
Labor-related $52,000 8,000 direct labor-hours
Machine-related $15,000 20,000 machine-hours
Machine setups $42,000 1,000 setups
Production orders $18,000 500 orders
Product testing $48,000 2,000 tests
Packaging $75,000 5,000 packages
General factory $108,800 8,000 direct labor-hours
Required:
Compute the company's pre-determined overhead rate, assuming that the company uses a Single plantwide predetermined overhead rate based on direct labor-hours.
Answer:
$48.23 per direct labor hour
Explanation :
Pre-determined overhead rate = Budgeted Overheads ÷ Budgeted Activity
where,
Budgeted Overheads = $52,000 + $15,000 + $42,000 + $18,000 + $48,000 + $75,000 + $108,800 = $358,800
Budgeted Activity (direct labor-hours) = 8,000 hours
therefore,
Pre-determined overhead rate = $358,800 ÷ 8,000 hours = $48.23 per direct labor hour
The company's pre-determined overhead rate, assuming that the company uses a Single plantwide predetermined overhead rate based on direct labor-hours is $48.23 per direct labor hour.
Suzanne owns interests in a bagel shop, a lawn and garden store, and a convenience store. Several full-time employees work at each of the enterprises. As of the end of November of the current year, Suzanne has worked 150 hours in the bagel shop, 250 hours at the lawn and garden store, and 70 hours at the convenience store. In reviewing her financial records, you learn that she has no passive investments that are generating income and that she expects these three ventures collectively to produce a loss.
Required:
What recommendation would you offer Suzanne as she plans her activities for the remainder of the year?
Answer:
In order for Suzanne to be considered an active participant in her stores, she must work at least 31 hours more. That way, her total working hours will be above 500, and she can deduct any losses from her adjusted gross income.
If she doesn't work at least 31 hours more, these activities will be considered passive activities and can only offset passive income.
Explanation:
Pepper Enterprises owns 95 percent of Salt Corporation. On January 1, 20X1, Salt issued $220,000 of five-year bonds at 115. Annual interest of 10 percent is paid semiannually on January 1 and July 1. Pepper purchased $120,000 of the bonds on August 31, 20X3, at par value. The following balances are taken from the separate 20X3 financial statements of the two companies: Note: Assume using straight-line amortization of bond discount or premium. Pepper Enterprises Salt Corporation Investment in Salt Corporation Bonds $ 125,700 Interest Income 4,367 Interest Receivable 6,000 Bonds Payable $ 220,000 Bond Premium 20,600 Interest Expense 15,400 Interest Payable 12,000
Required:
a. Compute the amount of interest expense that should be reported in the consolidated income statement for 20X3.
b. Compute the gain or loss on constructive bond retirement that should be reported in the 20X3 consolidated income statement.
c. Prepare the consolidation worksheet consolidation entry or entries as of December 31, 20X3, to remove the effects of the intercorporate bond ownership.
Solution :
a).
Par value of the bonds outstanding 220,000
Annual interest rate x 10%
Interest payment 220,000
Amortization of the bonds premium 6600 [tex]$\left( \frac{220,000 \times 15\%}{5}\right)$[/tex]
Interest charged for full year 15400
Less:interest on the bond purchased 2567
by Online Enterprise (15400 x 1/2) x
(4 months / 12 months)
Interest expense included in the consolidated 12833
income statement
b).
Sale price of bonds, 1 Jan 20x1 138,000
(120,000 x 115%)
Amortization of premium 9600 [tex]$\left(\frac{\$120,000 \times 15\%}{5 \ yrs} \times 2\frac{2}{3}\right)$[/tex]
Book value at time of purchase 128,400
Purchase price 120,000
Gain on bond retirement 8400
c).
Events Accounts Debit Credit
1 Bonds payable 120,000
Bonds premium 6600
interest income 4367
investment in Salt bonds 120,000
Interest expense 2567
Gain on bond retirement 8400
2 interest payable 8100
(4950+11900+8750)
Interest receivable 8100
what do you mean byv painting
Answer:
i don't know
really
Explanation:
A Canadian radio station asks listeners o call in to voice their option on whether a Canadian figure skater should have won gold. What bias might be present
The bias which is present here is Response bias. Thus option B is correct.
What is Sampling Bias?Sampling bias occurs when certain members of a population are consistently more likely to be chosen for a sample than other members of the community. Ascertainment bias is another name for it in the medical areas.
Since sampling bias jeopardises external validity, particularly population validity, it restricts the generalizability of findings. In other words, conclusions drawn from bias samples can only be extrapolated to populations with similar traits of the sample. In probability sampling, each person in the population has a known chance of being chosen. To choose a straightforward random sample from your population, for instance, you may use a random number generator.
Therefore, we can conclude that B is the correct option.
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Your question is incomplete. But, most probably your complete question was:
A Canadian radio station asks listeners to call in to voice their opinion on whether a Canadian figure skater should have won gold. What bias might be present:
A. Sampling
B. Response
C. Measurement
D. Non-response
Match the stages of business cycle to their financial needs.
growth stage
startup stage
maturity stage
seed stage
decline stage
Answer:
funds raised from personal savings and mortgages - seed stage
external financing through equity or debt - startup stage
external financing, mostly through equity and venture capital - growth stage
high retained earnings that are used in the business - maturity stage
external financing is not needed and debts are paid back - decline stage
Explanation:
Seed stage: The seed stage is when a business first comes into existence. The initial capital needed to finance the business is raised at this time. This capital is usually raised by the owner in the form of personal savings, mortgages, or borrowings from family and friends. This is a high-risk stage, so external financing options are limited.
Start-up stage: The start-up stage is where the first revenues come into the business, but the profits are yet to be realized. Because there are no retained earnings, there is a need for external financing. If the business has an established potential and the owners have credibility, it is easy at this stage for the owner to get external financing through debt or equity from family members, friends, and angel investors.
Growth stage: The growth stage is when a company establishes itself and begins to show profits on its balance sheet. However, the profits and other internal funds may not be enough to sustain growth at this stage. The business needs a steady flow of working capital (short-term funds) to strengthen its operations and fuel further growth. External funding needs are high at this stage, and funds are raised through equity and venture capital. Some companies also issue initial public offerings (IPOs) at this stage to get more funding.
Maturity stage: The maturity stage is when the business has established itself, has a sizable number of customers, and experiences slower growth. Retained earnings will be high, and there is no need for external financing. Businesses issue bonds and securities to fund their operations at this stage.
Decline: A business reaches a decline when demand for its products and services falls, and sales go down. The external financing needs are very low. The business may buy back stock and repay debts at this stage.
For Ruger Corporation, we will assume 750 of the 1,000 gold medallions in Job
A were shipped to customers by the end of the month for total sales revenue of
$225,000. Because 1,000 units were produced and the total cost of the job
from the job cost sheet was $158,000, the unit product cost was $158. WHAT The
following journal entries would recorded?
Answer:
hsjs
hshsjsoa
sjieieiw
Which of the following statements about market segmentation is true the logic of market segmentation is that seldom meet the needs?
a. According to the model of market segmentation analysis,the process usually begins with deciding the segmentation strategy to be used.
b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.
c. The logic of market segmentation is that a single product item can seldom meet the needs and wants of all consumers.
d. According to the model of market segmentation analysis,the process begins with designing the marketing mix strategy.
Answer:
b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.
Explanation:
In the above stated statement, it is the truth about market segmentation due to the fact that, customers needs and wants differs. In other to ensure that those are met through segmentation of goods and services, there is need for the segmentation strategy to be adopted by the market. Without this segmentation strategy, their be conflicts between the needs and wants of the customers which would lead to not meeting their expectation.
The true statement about market segmentation is the logic of market segmentation is that a single product item can seldom meet the needs and wants of all consumers. Therefore, option c is correct.
Market segmentation is the process of dividing a broad market into distinct groups or segments based on certain characteristics or criteria.
This segmentation allows companies to target specific customer groups with tailored marketing strategies, products, and services that meet their unique needs and preferences.
By understanding the differences and preferences of various market segments, companies can create more effective marketing campaigns, develop products that resonate with their target audience, allocate resources efficiently, and ultimately increase customer satisfaction and profitability.
Market segmentation enables companies to focus their efforts and resources on the most relevant and profitable market segments.
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Which factor of production is LEAST likely labeled in the photo?
Ride Tools
A)
capital
B)
human resources
C)
entrepreneurship
D
natural resources
Answer:
Natural resources
Explanation:
Humans should bring an end to all ways of degradation. Cutting down on food waste would only increase the amount of atmospheric carbon dioxide. Alternatively, inspire people to grow more trees in order to maintain nature's harmony. Furthermore, it reduces electricity consumption around the board.
Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions.
External Transaction Accounts Debit Credit
1. Owners invest $12,500 in the company and receive common stock. Common Stock 12,500
Cash 12,500
2. Receive cash of $3,500 for services provided in the current period. Cash Service Revenue 3,500
3,000
3. Purchase office supplies on account, $250. Supplies 250
Cash 250
4. Pay $550 for next month's rent. Rent Expense 550
Cash 550
5. Purchase office equipment with cash of $1,950. Cash 1,950
Equipment 1,950
Required:
Assess whether the junior accountant correctly proposes how to record each transaction. If incorrect, provide the correction.
Answer:
Scarlet Knight Corporation
Correct postings:
Accounts Debit Credit
1. Cash 12,500
Common Stock 12,500
2. Cash 3,500
Service Revenue 3,500
3. Supplies 250
Cash 250
4. Rent Expense 550
Cash 550
5. Equipment 1,950
Cash 1,950
Explanation:
a) Data and Calculations:
Accounts Debit Credit
1. Common Stock 12,500
Cash 12,500
2. Cash 3,500
Service Revenue 3,000
3. Supplies 250
Cash 250
4. Rent Expense 550
Cash 550
5. Cash 1,950
Equipment 1,950
b) The accounting rule is to debit the value receiver and to credit the value giver. Generally, assets, expenses, and losses normally have debit balances while liabilities, equities, incomes, and gains have credit balances.
Example 31: S borrows 5,00,000 to buy a house. If he pays equal instalments for 20 years
and 10% interest on outstanding balance what will be the equal annual instalment?
Solution: We know
Answer:
$58.729
Explanation:
To find the answer, we need to use the present value of an annuity formula.
The formula is:
P = X [(1 - (1 + i)^-n) / i ]
Where X is the annual instalment
P is the present value of the investment (500,000 in this case)(
i is the interest rate (10% in this case)
and n is the number of periods (20 years in this case)
We now plug the amounts into the formula:
500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]
500,000 = X [8.51356]
500,000 / 8.51356 = X
58,729 = X
So the value of the equal annual instalment will be $58.729
Loran's pretax accounting income in 20X1 is $100,000. Loran had bad debt expense for financial reporting purposes of $14,000 in 20X1. In 20X1, Loran deducted $4,000 in bad debts. Loran expects the timing difference to reverse $3,000 in 20X2 and $7,000 in 20X3. The income tax rate is 40%. Which of the following entries would be included for the deferred tax entry required at the end of 20X2?
Answer:
The answer is "2800".
Explanation:
The positive temporary difference at 20X2 end[tex]= 7000[/tex]
X Tax rate on revenue[tex]=40\%[/tex]
At the end of 20X2 deferred account of tax assets= [tex]2800[/tex]
describe a real or made up but realistic situation in which you would want to use revolving credit 2-4 sentences
Answer:
Kindly check explanation
Explanation:
The revolving credit concept is one in which one can continously borrow up to a specific amount while paying back an agreed portion of what is borrowed on a fixed basis. This credit concept can help in financing and molding a startup with very little personal capital.
A scenario whereby revolving credit may be if hugely considered may be for a business startup such as an export business which involves quite a large sum which the investor might not be able to afford or due to the nature of the market requires an amount beyind one's capital outky, the evolving credit allows repeated borrowing of money with only a portion being paid on a regular basis. This can help business survival and growth.
Students who enjoyed solving a puzzle were rewarded for doing so. Later, they played less with the puzzle than did their counterparts who were not rewarded for the same task. This illustrates which of the following principles?
a. Latent learning
b. Self-fulfilling prophecy
c. Intermittent reinforcement
d. The overjustification effects
e. The law of effect
Answer:
d. The overjustification effects
Explanation:
Overjustification effect is a psychological phenomenon where an external incentive that is expected to motivate an individual actually reduces his intrinsic motivation to perform well.
The extrinsic motivation recieved now replaces the intrinsic motivation for the person. That is they don't focus anymore on performing well in the task. They rather enjoy the reward.
In the given scenario Students who enjoyed solving a puzzle were rewarded for doing so. Later, they played less with the puzzle than did their counterparts who were not rewarded for the same task.
The students lost motivation after being rewarded.
A company has non-current assets with a net book value totaling $820,000 at the start of the year. Assets costing $95,000 was disposed of. These assets were held for three years at a straight-line depreciation rate of 20%. The depreciation charge for the year was $150,000. If the closing balance for the total non-current assets (at net book value) at the end of the year was $975,000, what value of new assets were purchased during the year?
Answer:
343,000
Explanation:
The value of new assets purchased during the year is $ 400,000 which includes closing balance of non-current assets, depreciation, and cost of assets disposed minus the opening balance of assets.
What is an Asset?A resource with the economic worth that an individual, company, or country possesses or controls with the hope of future gain is referred to as an asset.
In the given case, we need to calculate the value of assets purchased during the year:
[tex]\rm\,Value\,of\,new\,assets\,purchased\,during\,the\,year = Closing\,balance\,of\,Non\,Current\,assets\,+ \\\,Depreciation\,+ \,Cost\,of\,the\,goods\,sold\,- Beginning\,balance\,of\,Non\,Current\,assets\,\\\\= \$\,975,000\,+\,\$150,000\,+\,\$95,000\,-\,\$820,000\\\\=\$400,000[/tex]
Hence, the value of new assets that were purchased during the year is
$ 400,000.
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If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other examples include executives' salaries, interest expenses, depreciation, and insurance expenses. As output is increased or decreased, these _______ costs remain unchanged.
a. dependent
b. fixed
c. opportunity
d. marginal
Answer:
b. fixed
Explanation:
-Dependent refers to a valariable that changes when other factors change.
-Fixed cost refers to a cost that doesn't change when the amount of goods produced increases or decreases.
-Opportunity cost refers to the benefit that you would have received from the option that was not chosen.
-Marginal cost refers to the change in the cost when you produce an additional unit.
According to this definitions and as the statement refers to a cost that doesn't change, the answer is that as output is increased or decreased, these fixed costs remain unchanged.
Mr. and Mrs. Nabulsi are 44 and 41 years old, respectively. They have two children, 14 and 16 years old. They are successful and highly paid professionals. They have two primary investment objectives, retirement and providing for their two children's education. They plan to retire when they turn 65 years old. Their liquidity constraint is best described by which of the following phrases?
a. Since both of them are highly paid professionals, they have no significant concerns to address in their investor policy statement.
b. Their IPS should address the expected payments for their children's education, but need not account for it in the asset allocation.
c. Their IPS should address the expected payments for their children's education and account for it in the asset allocation.
Answer:
mnb b
Explanation:
is it essential to everyone to understand the correct perception on entrepreneurship
Answer:
yes
Explanation:
In order for entrepreneurs to be more successful long term, it is important for them to have an accurate perception of which skills are most important for each stage of a business.
Yes, it should be important for everyone to understand the correct & accurate perception of entrepreneurship.
The following information should be considered:
Perception should always play a significant role in the business. If it is applied and used in a proper way so it would help for the growth and survival of the business. Also, it gives the business having a perspective that could prosper in the future this results in business opportunities.Therefore we can conclude that it should be important for everyone to understand the correct & accurate perception of entrepreneurship.
Learn more about entrepreneurship here: brainly.com/question/22571580
In its income statement for the year ended December 31, 2020, Kingbird, Inc. reported the following condensed data.
Operating expenses $736,070 Interest revenue $31,590
Cost of goods sold 1,314,300 Loss on disposal of plant assets 18,990
Interest expense 74,650 Net sales 2,415,700
Other comprehensive income 7,100
Required:
Prepare a multiple-step income statement.
Answer and Explanation:
The preparation of the multiple-step income statement is shown below:
Net Sales $2,415,700
Less: Cost of goods sold $1,314,300
Gross profit $1,101,400
Less: Operating expense -$736070
Operating income $365,330
Other revenue
Add: Interest revenue $31,590
Other expense
Interest expense $74,650
Loss on disposal of plant assets $18,990 $93,640 -$62,050
Net income $303,280