Use the following to prepare the cash budget. What is the ending cash balance? Beginning cash balance $3,000; Cash receipts $50,000; Cash payments $40,000.

Answer:

Consolidation

Explanation:

Holding method is required for the parent company for financial reporting if the parent company owns 51 percent of more outstanding common stock in the subsidiary.

Here consolidate refers to the combining of total assets and liabilities of two or more entities into one so that it could be maintained as a one firm

Therefore for financial reporting consolidation is appropriate

Answer:

a. Current ratio = current assets / current liabilities

b. Quick ratio = (current assets - inventory) / current liabilities

c. Cash ratio = (cash + cash equivalents) / current liabilities

d. NWC to total assets ratio = net working capital / total assets

e. Debt-equity ratio = total debt / total equity

equity multiplier = total assets / total equity

f. Total debt ratio = liabilities / assets

2014 = $106,939 / $417,173 = 0.26

2015 = $105,442 / $458,177 = 0.23

long-term debt ratio = long term liabilities / assets

Answer:

177,777.78

Explanation:

Breakeven point is the number of units produced and sold at which net income is equal to zero

Break even point = fixed cost / price - variable cost

320,000 / 3 - 1.2 = 177,777.78

Complete Question:

The complete question can be seen the in the attachment at the end of the solution of the question.

Answer:

Option B. -$182,057

Explanation:

The Cash flow from financing activities can be calculated by using the following formula:

Cash flow from financing activities = Changes in the equity finance

+ Changes in long term borrowings + Changes in short term borrowings

- Interest paid - Dividends paid

Here

Changes in the equity = $175,000 common stock in year 2008

- $125,000 common stock in year 2008 = $50,000

Changes in long term Borrowings = $61,290 - $78,445 = - $17,155

Changes in short term Borrowings = $16,753 - $12,004 = $4749

Interest paid is $0 because interest rate is not given hence we can't calculate it.

Dividends paid = $190,568 Opening Retained Earnings + $248,462 Net Profit for the year - $219,379 Closing Retained Earnings  = $219,651

Now, by putting values in the above equations, we have:

Cash flow from financing activities = $50,000 - $17,155 + $4749 - 0 - $219,651 = -$182,057

Answer:

A. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.

B. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.

C. Comment on the changes in productivity according to the two measures.

Explanation:

Multi factor productivity = total output / (cost of wages + material cost + overhead cost)

Answer:

Effect on income= number of units soldünitary contribution margin

Explanation:

Giving the following information:

We receive a special order for 1,000 more widgets but that customer wants to just pay $30.

We weren't provided with enough information regarding variable costs. But, I can provide a small example and formulas.

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.

Variable cost per unit (materials, labor, variable overhead)= $28

To calculate the effect on income, we need to use the following formula:

Effect on income= number of units soldünitary contribution margin

Effect on income= 1,000*(30 - 28)

Effect on income= $2,000 increase

Answer:

Colgate Palmolive Company

The company's 2013 10-K Long-term debts maturing between 2014 and 2016:

Maturing:   Amount

Year          $'millions

2014            895

2015            491

2016           255

Total          1641

Explanation:

The long-term debts of Colgate Palmolive, according to the company's 2013 10-K reports are mainly commercial papers and notes, with various maturity dates.  These debts would not be paid off in 2013.  However, it looks like there was a misclassification of the long-term debts since the 2014 long-term debts would not take more than 12 months to mature.  They should have been classified as current out-right, though there was an acknowledgement and indication that some of these long-term debts were maturing currently.

Answer:

current bond price $1,000

interest rate 10%

Laurel bond matures in 5 years, 10 semiannual payments

Hardy bonds matures in 16 years, 32 semiannual payments

if market interest increases to 12%

Laurel bond:

$1,000 / (1 + 6%)¹⁰ = $558.39

$50 x 7.36009 (annuity factor, 6%, 10 periods) = $368.00

market price = $926.39

% change = -7.36%

Hardy bond:

$1,000 / (1 + 6%)³² = $154.96

$50 x 14.08404 (annuity factor, 6%, 32 periods) = $704.20

market price = $859.16

% change = -14.08%

current bond price $1,000

interest rate 10%

Laurel bond matures in 5 years, 10 semiannual payments

Hardy bonds matures in 16 years, 32 semiannual payments

if market interest decreases to 8%

Laurel bond:

$1,000 / (1 + 4%)¹⁰ = $675.56

$50 x 8.1109 (annuity factor, 4%, 10 periods) = $405.55

market price = $1,081.11

% change = 8.11%

Hardy bond:

$1,000 / (1 + 4%)³² = $285.06

$50 x 14.08404 (annuity factor, 4%, 32 periods) = $704.20

market price = $1,178.74

% change = 17.87%

Answer: Please see explanation column for answer.

Explanation:

a) Journal to record issuance of Installment notes

Date            Account                 Debit                  Credit

Jan. 1, 2016    Cash                  $65,000

              Notes payable                                      $65,000

b) Journal to record First annual note payment

Date            Account                      Debit                  Credit

Jan. 1, 2017 Interest expense      $3,900

              Notes   payable             $11, 531

                  Cash                                                        $15,431                    

Answer:

d. Collaborating

Explanation:

The user of a collaborating conflict style assertively attempts to resolve conflict by working together with the other person to find an acceptable solution. It is one of the most commonly used conflict resolving styles, reason why it is also referred to as the problem solving style.

Individuals engaging in a collaborating conflict style are usually very cooperative and assertive in the process of resolving the problem.

This ultimately implies that, it usually leads to a peaceful resolution and arguably the best conflict resolving method. Also, individuals participating are availed the best opportunity.

Answer:

1.Initial Acquisition cost €24,882.15

2.Amortization fee €1,688.215

3.The costs derived from daily maintenance €30,000

Explanation:

1. Calculation for the initial cost of the acquisition for IAS 16. Fixed Assets.

Using this formula

Initial Acquisition cost = (Purchase price + Additional direct expenses relative to acquisition) - (Depreciation + Amortization + taxes + impairment costs)

Let plug in the formula

Initial Acquisition cost= (25,000+ 3.00+1.150) - (122)

Initial Acquisition cost =25,004.15-122

Initial Acquisition cost = 24,882.15 Euro

Therefore the Initial Acquisition cost will be €24,882.15

2.Calculation for the amortization fees.

Using this formula

Amortization fees = total interest amount/period in the debt's life

Let plug in the formula

Interest amount= 24,882.15-5000- (250*12)

Interest amount =19,882.15-3,000

Interest amount= 16,882.15

Hence, Amortization fee will be :

Interest amount/Period in the debt's life

Where,

Interest amount=16,882.15

Period in the debt's life=10 years

Amortization fee =16,882.15/10 years

Amortization fee= €1,688.215

Therefore the Amortization fee will be €1,688.215

3.Calculation for he costs derived from daily maintenance

The costs derived from daily maintenance will be ;

Using this formula

Costs derived from daily maintenance= Specialised weekly maintenance× 12 month ×Numbers of years

Let plug in the formula

Costs derived from daily maintenance= 250*12*10

Costs derived from daily maintenance=30,000

Therefore the costs derived from daily maintenance will be €30,000

Answer:

$70,400

Explanation:

The company has:

Number of Shares = 35,000

Par value = $2.25

Outstanding = 22,000

The question requires that we find the size of dividend that must be paid if each share receives $3.20:

Only Outstanding shares are included in dividends contribution.

So to pay 22,000 shares at $3.20

= 22,000 x $3.20

= $70,400

Answer:

False

Explanation:

As maximization of the earnings per share might not be the same thing as the wealth maximization which is the primary goal of the company because the company not only has to generate higher profits but also manage all the risks of the entity which might increase by unethical trading in race to increase earnings per share. Furthermore, to enjoy less costly debt finance which would increase the earnings per share, would result in increase in financial risk, which might again head the company towards disaster if not well managed.

The other solid point against the statement would be that the primary purpose can not be the maximization of earnings per share as it stresses upon spending less on corporate social responsibility and as the result the company stock will be less valued at stock exchange. The less valued stock is because the companies like Dow and S & P Global adds no green value to the stock if the company is not spending on social responsibility programs.

Hence the statement is incorrect.

Answer:

The amount of money that will be in the account at the end of two years is $3,533.06.

Explanation:

Since the deposit will be made at the beginning of each period, the relevant formula to use is the formula for calculating the Future Value (FV) of an Annuity Due is employed as follows:

FV = M * {[(1 + r)^n - 1] ÷ r} * (1 + r) ................................. (1)

Where,

FV = Future value or the amount in the account after 2 years =?

M = Semiannual deposit = $800

r = Semiannual interest rate = 8% ÷ 2 = 4%, 0.04

n = Number of periods the deposit will be made = 2 years × 2 = 4

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

FV = $800 * {[(1 + 0.04)^4 - 1] ÷ 0.04} * (1 + 0.04)

FV = $800 * 4.246464 * 1.004

FV = $3,533.06

Therefore, the amount of money that will be in the account at the end of two years is $3,533.06.

Answer:

2. False

Explanation:

Relationship management is considered an important part of CRM (customer relationship management) and it emphasizes on building and increasing customer loyalty and long term commitment.

If this company was to replace their traditional marketing approach with relationship marketing, they would devote more time to build a solid relationship with existing customers and less time searching for new customers.

Answer:

The question is incomplete, the options are missing. The options are the following:

a) It better measures how we did with our assets, irrespective of the mix of debt and equity used to finance those assets

b) It adjusts for non-recurring items in net income

c) It takes out non-cash charges that are in net income

d) It gives a higher number, so it makes the firm look better

And the correct answer is the option A: It better measures how we did with our assets, irrespective of the mix of debt and equity used to finance those assets.

Explanation:

To begin with, the term of "Return on Assets" refers to the measure that is used in the companies and in the financial world in order to understand how the company is doing with the relationship between the net income and the assets so in that way the company can be more certain about what percentage of the assets are more profitable in getting revenue back after the sales.

Answer:a. product life cycle theory.

Explanation:

The Product Life Cycle Theory was created to explain the International trade pattern of a new product. The theory attempts to show that when a product is first invented, its demand and production inputs such as capital and labor, come from the area it was invented in. As the product starts getting more recognised and it's demand increases elsewhere, it will start to export and then continue until it starts manufacturing in other areas to feed the demand of those areas as well.

Intricate Wiring Corp's new high-tech product is following this theory because it has just started out and so its demand is based in its country of origin being the United States. For as long as this is the case, the company should focus on producing in the United States until demand picks up substantially enough to produce elsewhere.

Answer:

$160,000

Explanation:

Calculation of the car dealership's profit

Using this formula

Profit= Total revenue- Amount Spend

Where,

Total revenue=$300,000

Amount Spend=$140,000

Let plug in the formula

Profit =300,000-140,000

Profit =160,000

Therefore the car dealership's profit will be $160,000

Answer:

The answer is option (b) 11.5 %

Explanation:

Solution

Given that

Risk free rate =Rf

= 5%

The market portfolio expected return is = E[Rm]

= 13%

Volatility or standard deviation of market return=σm

=18%

Volatility or standard deviation of Monsters' Inc. return =σi

=24%

The correlation of Monsters' Inc. return with the market = 0.6

Thus

Beta of Monsters' Inc. is computed by applying the formula shown below:

βi =Cov (i,M)/σ²m =ρ * σi *σm/σ²m

= ρ * σi/ σm

Here,

Cov(i,m) is the Covariance between the stick and the market return which is given by the formula below:

Cov(i,m) = ρ* σi*σm

ρ refers to the correlation between the stock i return and Market return

Hence, Beta of Monsters' Inc. becomes:

βi = (0.6*24%)/18% = 0.8

Now we compute the required return on Monsters Inc we will use the CAPM Equation given as:

CAPM Equation:

E[Ri] = Rf + βi*(E[Rm]-Rf)

So,

The Required return on Monsters' Inc. stock = E[Ri] =5% + 0.8*(13% - 5%)

= 5%+6.4%

=11.4%

Therefore Monsters' required return is nearest to: 11.4 % or 11.5%

Answer:

Darin will have a $10000 and also he will be able to deduct $5,000.

Explanation:

Solution

Recall that:

Darin tax basis =$7000

Risk amount = $5000

Loss incurred = 40,000 (current year)

Ownership =25%

Now

With regards to his share the loss will be 25% of $40000, that is $10000 and he will be able to deduct only $5000 because of his at-risk amount is this and as per Sec. 465.

Or

40000 * 25% = $10000

He will deduct $5000 from $10000 only

Hence $10,000 of the loss will flow-through to Darin, and he will be able to deduct $5,000.

An 85-year old risk averse investor is not happy about the minimal return she is earning on her current investments. She is stressed about having enough income because her cost of living has been increasing by more than 10% annually. Her current portfolio composition consists of:

40% Money Market Fund

50% Bonds

10% Equities

What changes should you suggest to her portfolio?

A. Reduce the Money Market Fund allocation by 10% (to 30%) and put the released funds in commodities such as gold

B. Reduce the Money Market Fund allocation by 30% (to 10%) and put the released funds in AAA-rated corporate bonds

C. Liquidate the entire Money Market Fund allocation and put the released funds in Equities, bringing that allocation up to 50%

D. Liquidate the entire Money Market Fund allocation and put the released funds in U.S. Treasury securities

Answer:

Reduce the Money Market Fund allocation by 30% (to 10%) and put the released funds in AAA-rated corporate bonds

Explanation:

Given that AAA rated bonds are considered to be the highest possible rating that may be assigned to an issuer's bonds by any of the major credit rating agencies, with the smallest risk of default.

Hence, given the situation above with the 85 years old woman, the changes to make to her portfolio is to Reduce the Money Market Fund allocation by 30% (to 10%) and put the released funds in AAA-rated corporate bonds

Answer:

The correct answer is the option A: Mass media.

Explanation:

To begin with, nowadays the mass media has increased in the world in a huge and dramatically number. It is possible now, for everyone to start a production of content that will be in the social medias and will affect definitily to everyone involved in the content and furthermore, the youth is now more conected than ever and the use of those medias are more common and easy for them so they see each other very affected by the use of it and all of the content that is in those medias. That is why that the largerest single influence on the movement toward uniformity in the global youth market is mass media.

Answer: Government to customer (G2C)

Explanation:

Filing is one of the requirements of any business person to give proper record of what they did in their business and how they delivered to the masses. This is proper for tax clearance and returns. When filing your individual tax returns the value chain is known as government to customer (G2C). This is recommended.

Answer:

The net income of this firm is $179,900.

Explanation:

Net income of firm refers to sales of the firm minus cost of goods, operating expenses, selling and administrative expenses, depreciation, interest expense, taxes, and among others.

Net income is also referred to as net earnings and investors usually employ it as a metric to determine the amount by which a firm's revenue is greater than its expenses.

For this question, net income can be determined by preparing the firm's income statement as follows:

                     Lifeline, Inc.

              Income Statement

                   For the Year ...

Particular                                Amount ($)

Sales                                          603,000

Cost of sales                           (255,000)

Gross profit                               348,000

Depreciation expense              (62,000)

Interest expense                      (29,000)  

Income bore tax                       257,000

Tax (30% * 257,000)                 (77,100)  

Net income                               179,900

Dividends                                 (45,000)  

Retained earnings                     134,900  

From the income statement above, the net income of this firm is $179,900.

Answer and Explanation:

The ELISA refers to the enzyme-linked immunosorbent assay (ELISA) It is used to determine the existence of an antigen in a sample with the help of antibiotics

The ELISA procedure in sequence form is shown below:

1. The capture antibody is added and then clean it

2. Now adding the blocking buffer and then clean it

3. Now add the samples with controls, Hatch it and clean it

4. Add horseradish peroxidase (HRP) conjugated with the antibody, Hatch it and clean it

5. Add Thymidine monophosphate (TMP)

6. And finally, the last step is to record the results

Answer:

A Journal entry for Brooks Incorporation on January 1, 2019 which is shown below

Explanation:

Solution

Given that:

           JOURNAL ENTRY FOR BROOKS INCORPORATION

Date               General Journal Debit Credit

Jan 01 2019                Cash        90000

                               Notes Payable          90000

Thus

A Journal entry was recorded for Brooks Incorporation.

Here, the cash of $90,000 was recorded at the debit side of the Journal.

While the notes payable of $90,000 was also recorded on the credit side

Answer:

The Individual assets will be recorded by the buyer as :

Machine 1 = $25,250

Machine 2=  $33,667

Machine 3=  $42,083

Explanation:

On Initial measurement, IAS 16 requires assets to be measured at cost to the buyer.

Apportion the Cost of $101,000 ($100,000 + $1,000) using individual market values of the assets.

Machine 1 = $30,000 / $120,000 × $101,000

                = $25,250

Machine 2= $40,000  / $120,000 × $101,000

                = $33,667

Machine 3= $50,000  / $120,000 × $101,000

                = $42,083

Answer:

Gate City Security Systems

Bank Reconciliation at December 31, 2018

Book:  

Balance , December 31, 2018  $2,530

Add:

Collection from Jane Lindsey $500  

Interest revenue $10

Less:

Service charges  $20

Adjusted book balance December 31, 2018  $3,020

Bank:

Balance , December 31,2018  $3,120

Add:

Deposit in transit  $400

Less:

Outstanding cheque  $500

Adjusted bank balance December 31, 2018  $3,020

Answer:

Barone Company

General Journal for 2015 transactions:

Debit Accounts Receivable $1,500,000

Credit Sales Revenue $1,500,000

To record sales on account.

Debit Sales Returns $50,000

Credit Accounts Receivable $50,000

To record sales returns and allowances.

Debit Cash Account $1,250,000

Credit Accounts Receivable $1,250,000

To record cash collections from customers.

Debit Allowance for Doubtful Accounts $36,000

Credit Accounts Receivable $36,000

To record uncollectible written-off.

Debit Accounts Receivable $6,000

Credit Allowance for Doubtful Accounts $6,000

To reinstate previously written off accounts.

Debit Cash Account $6,000

Credit Accounts Receivable $6,000

To record collection of previous write-off.

Adjusting Entry at December 31, 2015:

B. Using 3% of net sales:

Debit Bad Debt Expense $41,500

Credit Allowance for Doubtful Accounts $41,500

To record bad debt expense.

C. Using 8% of Receivables:

Debit Bad Debt Expense $43,120

Credit Allowance for Doubtful Accounts $43,1`20

To record bad debt expense.

D. 3% of net sales produces a higher net income and by $1,620

Explanation:

1. Accounts Receivable

Beginning balance (debit) = $400,000

Sales                                     1,500,000

Sales Returns & allowances   (50,000)

Cash Collections                (1,250,000)

Uncollectible write-off            (36,000)

Reinstatement of write-off       6,000

Cash Collection                       (6,000)

Ending balance                  $564,000

2. Allowance for Doubtful Accounts

Beginning balance (Credit)   $32,000

Uncollectible write-off            (36,000)

Reinstatement of write-off        6,000

Balance pre-year adjustment $2,000

Using 3% of net sales

Bad debt expense                 $41,500

Ending balance (credit)        $43,500

Balance pre-year adjustment $2,000

Using 8% of receivable balance

Bad debt expense                 $43,120

Ending balance (credit)         $45,120

3. Allowance for Doubtful Accounts (Ending balance)

3% of net sales = $1,450,000 x 3% = $43,500

8% of receivables = $564,000 x8% = $45,120

If the December 31, 2014 balance sheet of Barone Company had Accounts Receivable of $400,000 and a credit balance in Allowance for Doubtful Accounts of $32,000.  The journal entries will be:

A. Journalize the 2015 transactions.

Debit Accounts Receivable $1,500,000

Credit Sales Revenue $1,500,000

(To record credit sales)

Debit Sales Returns and Allowances $50,000  

Credit Accounts Receivable $50,000

(To record credit to customers)

Debit Cash  $1,250,000  

Credit Accounts Receivable $1,250,000

(To records collection of receivables)

Debit Allowance for Doubtful Accounts $36,000  

Credit Accounts Receivable $36,000

(To record write of specific account)

Debit Accounts Receivable $6,000

Credit Allowance for Doubtful Accounts $6,000

(To record written off accounts)

Debit Cash Account $6,000

Credit Accounts Receivable $6,000

(To record collection of previous write-off)

B. Preparation of the journal entry using the percentage-of-sales basis

Percentage-of-sales basis:

Sales revenue $1,500,000

Less: Sales Returns and Allowances $50,000

Net Sales $1,450,000

($1,500,000-$50,000)

Bad debt percentage 3%

Bad debt provision $43,500

(3%×$1,450,000)

Journal entry

Dec. 31

Debit  Bad Debt Expense $43,500

Credit Allowance for Doubtful Account $43,500

C.  Preparation of the journal entry using the percentage of receivables basis

Percentage of receivables basis

Account receivable

Dr                          Cr

$400,000           $50,000

$1,500,000         $1,250,000

$6,000                 $36,000

                             $6.000

Bal. $564,000

Allowance for Doubtful Accounts

Dr                                Cr

$36,000                     $32,000

                                   $6,000

                                   Bal. $2,000

Required balance  $45,120

($564,000 × .08)

Less Balance before adjustment $2,000

Adjustment required $43,120

($45,120-$2,000)

Journal entry

Dec. 31

Debit Bad Debt Expense $43,120

Credit Allowance for Doubtful Account $43,120

D. Calculation to determine the basis that would produce a higher net income for 2015 and by how much?

Percentage-of-sales basis $43,500

(3%×$1,450,000)

Percentage of receivables basis $43,120

[($564,000 × .08) -$2,000]

Difference $380

Percentage-of-sales basis will produce a higher net income for 2015 by $380

Learn more here:

https://brainly.com/question/15776572

Answer:

No

Explanation:

This is not good because because resources are scarce and there might be some scenario where the resources that was used to make the peanut butter would have been more useful in the production of more of other products or goods. the point at which he receives no additional satisfaction from another spoonful iss the point of marginal utility