Answer:
True
Explanation:
using the formula given
65 + 25(number of inches of snow on the ground) + 40(1 if it's a Saturday/Sunday, 0 if it's a weekday)
From the formula
let us assume it is a Saturday ( weekend ) and also assume 2 inches of snow
= 65 + 25 ( 2 ) + 40 ( 1 ) = 65 + 50 + 40 = 155 customers
lets assume a week day and also assume 2 inches of snow
= 65 + 25(2 ) + 40 (0 ) = 65 + 50 = 115 customers
from the calculations above we can conclude that the formula means that weekends are always busier than weekdays
Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a bit, leading you to spend $31.900.00 more than you earn. This gap goes to $32.150.00 in your third year of college, then falls a bit to $32,150.00 in your fourth and final year ist attempt What is your deficit in your third year of college? s s How much debt do you have that year? S
Answer: See explanation
Explanation:
Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150
The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:
= $31,300 + $31,900 + $32,150
= $63,232
Answer:
1. $32,150
2. $95,350
Explanation:
The deficit in the third year is given in the introduction: $32,150
The deficit measures how expenditures in a given year match up with earnings, whereas the debt is the total accumulation of deficits.
The debt after your third year is the sum of the deficits from your first three years: $31,300 + $31,900 + $32,150 = $95,350
Jonathon Maine is the inventory control manager of the Aucetics Company. In 2020, the annual demand for product X was 7500 units, and the order quantity Q was set to be 535 units per order. Jonathon Maine is planning for next year inventory. The annual demand of product X is expected to remain the same (7500 units per year). Utilizing the EOQ model, if Jonathon changes the order quantity Q to 680 units per order, the total annual ordering cost wil:__________
Answer:
decrease
Explanation:
The ordering quantity for the current year is 535 units, this means that the company must make 7,500 / 535 = 14.02 orders.
If the ordering quantity increases to 680, the number of orders will be 7,500/ 680 = 11.03.
Regardless of how much it costs to place an order, the number of orders made is 3 less than in the previous year, therefore, the ordering costs must decrease.
Santos Unlimited (SU) was originally unlevered with 4200 shares outstanding. However, after a major financial restructure, SU now has $37000 of debt, with an annual interest expense of 8 percent. The restructuring has reduced the number of shares to 3800. A group of shareholders of SU are not convinced that this move towards adopting financial leverage is a good idea. Their main argument is that there is now some range of EBIT, however low, that will make the shareholders worse off than before.
Required:
Help understand the situation better by computing the level of earnings before interest and tax (EBIT) that would make shareholders indifferent between being unlevered (i.e. not having any debt) and levered (i.e. having debt). Assume a 34 percent corporate tax rate.
Answer:
Unlevered Levered
EAT EBIT * (1-t) EBIT - Interest - Tax
No. of shares 4,200 3,800
Payoff per share holder = EAT / Number of shares. At Indifference point, per share payoff should be equal in both cases
EBIT * 0.66 / 4,200 = (EBIT - (37,000*8%) * 0.66) / 3,800
0.66*EBIT / 4,200 = [0.66*EBIT - 2,960*0.66] / 3,800
3,800 * 0.66EBIT = 4,200*[0.66EBIT - 1,954]
2,508 EBIT = 2,772 EBIT - 8,206,800
2,772 EBIT - 2,508 EBIT = 8,206,800
264 EBIT = 8,206,800
EBIT = 8,206,800/264
EBIT = 31086.36363636364
EBIT = $31,086.36
Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
May 24 Sold merchandise on account to Old Town Cafe, $19,400. The cost of goods sold was $14,000.
Sept. 30 Received $4,100 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible.
Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $15,300 cash in full payment.
Answer:
Zippy Interiors Company
Journal Entries:
May 24 Debit Accounts receivable (Old Town Cafe) $19,400
Credit Sales revenue $19,400
To record the sale of goods on account.
Debit Cost of goods sold $14,000
Credit Inventory $14,000
To record the cost of goods sold.
Sept. 30 Debit Cash $4,100
Debit Allowance for Uncollectible Accounts $15,300
Credit Accounts receivable (Old Town Cafe) $19,400
To record the receipt of cash and write-off of balance as uncollectible.
Dec. 7 Debit Accounts receivable (Old Town Cafe) $15,300
Credit Allowance for Uncollectible Accounts $15,300
To revise the previously written-off uncollectible account.
Debit Cash $15,300
Credit Accounts receivable (Old Town Cafe) $15,300
To record the receipt of cash in full settlement of account.
Explanation:
a) Data and Calculations:
May 24 Accounts receivable (Old Town Cafe) $19,400 Sales revenue $19,400 Cost of goods sold $14,000 Inventory $14,000
Sept. 30 Cash $4,100 Allowance for Uncollectible Accounts $15,300 Accounts receivable (Old Town Cafe) $19,400
Dec. 7 Accounts receivable (Old Town Cafe) $15,300 Allowance for Uncollectible Accounts $15,300
Cash $15,300 Accounts receivable (Old Town Cafe) $15,300
Ryan estimates that he drove approximately 2,260 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 1,300 miles. Ryan uses the actual expense method. What business expense amount can Ryan deduct (if any) for these trips
Answer: $1,355.41
Explanation:
Business expense deductible:
= Adjusted Cost of gasoline + Depreciation
As Ryan can only provide documentation for 1,300 miles, this is what the deductible will be based on:
= (Cost of gasoline * Documented miles for business / Estimated miles for business) + (Depreciation * Documented miles for business / Total miles travelled)
= (1,920 * 1,300 / 2,260) + (3,900 * 1,300 / 20,200)
= $1,355.41
First Fiddler's Bank has foreclosed on a home mortgage and is selling the house at auction. There are three bidders for the house, Ernie and Betsy. First Fiddler's does not know the willingness to pay of these three bidders for the house, but on the basis of its previous experience, the bank believes that each of these bidders has a probability of 1/3 of valuing it at $700, 00 a probability of 1/3 of valuing at $400, 000, and a probability of 1/3 of valuing it at $300, 000. First Fiddler's believes that these probabilities are independent among buyers, and that Ernie and Betsy are rational bidders. If First Fiddler's sells the house by means of a second-price, sealed-bid auction (Vickrey auction), what will be the bank's expected revenue from the sale? (Choose the closest option.)
A) $466, 667
B) $400, 000
C) $300, 000
D) $420, 000
E) $377, 778
Answer:
First Fiddler's Bank
If First Fiddler's sells the house by means of a second-price, sealed-bid auction (Vickrey auction), the bank's expected revenue from the sale is:
A) $466, 667.
Explanation:
a) Data and Calculations:
Probability Property Value Expected Value
1/3 $700,000 $233,333 ($700,000 * 1/3)
1/3 400,000 133,333 ($400,000 * 1/3)
1/3 300,000 100,000 ($300,000 * 1/3)
Bank's expected revenue from the sale = $466,666
b) The bank's expected revenue is calculated as the product of the possible revenue outcomes and their probabilities. Then the dividends are added up to arrive at the expected revenue.
In 2019, Henry Jones (Social Security number 123-45-6789) works as a freelance driver, finding customers using various platforms like Uber and Grubhub. He is single and has no other sources of income. In 2019, Henry's qualified business income from driving is $61,200. Assume Henry takes the standard deduction of $12,200. Click here to access the 2019 individual tax rate schedule to use for this problem. Assume the QBI amount is net of the self-employment tax deduction.
Required:
a. Compute Henrys QBI deduction and his tax liability for 2019.
b. Complete Henry's 2019 Form 8995 (Qualified Business Income Deduction Simplified Computation).
Answer:
a. QBI Deduction = $9,800
Tax liability = $4,510
Explanation:
a. The BI deduction in 2019 was 20% of the qualified business income in excess of the standard deduction:
QBI deduction = (61,200 - 12,200) * 20%
= $9,800
We then use this to find the taxable income:
= Qualified business income - standard deduction - QBI deduction
= 61,200 - 12,200 - 9,800
= $39,200
Tax liability for a single person in 2019 as shown by the attached file is:
= 970 + 12% * (39,200 - 9,700)
= 970 + 3,540
= $4,510
b. Form not attached but the main item should be the taxable income which is calculated above.
Charlie Plopp is selling a horse. If he does not sell the horse, then he gets no revenue. Three types of people are interested in buying the horse: professional cowboys who value the horse at $H, recreational riders who value the horse at $M, and glue factory representatives who value the horse at $L, where H>M>L. There are two buyers visiting Charlie's barn, and while Charlie can't tell what type of buyers they are, he knows that each one is independently and equally likely to be one of the three types. He is considering two methods of selling the horse: Method 1: He posts the horse at a price of $M. Method 2: He runs a sealed-bid auction and sells to the highest bidder at the second highest bid. Assume bidders bid rationally, and if a buyer is indifferent between buying and not buying, he buys. Charlie gets higher expected revenue from Method 2 if and only if which of the following conditions holds?
A) H+ 5L > SM
B) H+4L > 7M
C) 2H + 5M > 4M
D) H+ 5L <8M
E) H+ 5L <5M
The following information is available for Tamarisk Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $33,000 Acquisition of equipment for cash 12,000 Proceeds from the sale of long-term investment at book value 25,000 Issuance of common stock for cash 21,800 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 38,100 Payment of cash dividends 6,500 Net income 33,500 Purchase of land by issuing bonds payable 40,800 In addition, the following information is available from the comparative balance sheet for Tamarisk at the end of 2022 and 2021: 2022 2021 Cash $165,000 $91,000 Accounts receivable (net) 33,500 17,200 Prepaid insurance 19,900 13,600 Total current assets $218,400 $121,800 Accounts payable $34,400 $18,400 Salaries and wages payable 6,200 7,300 Total current liabilities $40,600 $25,700 Prepare Tamarisk's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
TAMARISK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flow From Operating Activities Net Income Adjustments to reconcile net income to S $
Answer:
Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.
First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.
20 + 10 +30 = 60
40 + 0 + 40 = 80
40 + 10 = 50
Then exchangeing these numbers into values and we have the following equation.
x + 2y + 3z = 60
2x + 4z = 80
2x + z = 50
If you will solve them m bcccbvqcve2anually by substituting their variables into these equations, you can get
x = 20
y = 5
z = 10
Explanation:
On January 1, 2020, Coronado Industries purchased land for an office site by paying $2650000 cash. Coronado began construction on the office building on January 1. The following expenditures were incurred for construction:
Date Expenditures
January 1, 2020 $1830000
April 1, 2020 2510000
May 1, 2020 4500000
June 1, 2020 4870000
The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3630000 was borrowed on January 1, 2020 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2020 was a $1520000, 12%, 6-year note payable dated January 1, 2020. Assume the weighted-average accumulated expenditures for the construction project are $4360000. The amount of interest cost to be capitalized during 2020 is:_______
a. $509100.
b. $392400.
c. $414300.
d. $454650.
Answer:
D I think because I just think
Joe obtained a box of antique Lenox china dishes that had been left at the town dump. He supplemented the sizeable buy incomplete set of dishes with other Lenox pies found at antique dealers. At dinner parties, he proudly told of the origin of the china. When Marlene discovered that Joe had taken her dishes from the town dump, she hired an attorney to obtain their return. What result?
Answer:
The result of Marlene hiring an attorney to obtain her return would only be successful if she did not voluntarily give up her right to ownership of the plates and can provide an evidence to that effect
Explanation:
The result of Marlene hiring an attorney to obtain her return would only be successful if M can produce an evidence showing that she did not intentionally dump the plates into the town dump ( i.e. she did not voluntarily give up her right to ownership of the plates ) If not the plates will be transferred to give to Joe under the code name " finders keepers "
Vandelay Industries' VP of support wants an automated way to notify the support team when an unresolved case has been open for over six hours. Which feature should be used to alert support managers when a case has been open for more than six hours
Answer:
Escalation rules
Explanation:
Escalation rules are provisions in a software that allows it to reroute a case that meets certain criteria such as number of hours it stays open and unresolved.
Escalation rules are used on software Salesforce CRM package to escalate cases that need attention.
In the given instance where the Vandelay Industries' VP of support wants an automated way to notify the support team when an unresolved case has been open for over six hours, escalation rules can be used to alert support managers.
Problem 9-52 Part-b (Static) b. $800 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds was used immediately to pay salaries and the other half was invested in municipal bonds until November After-tax cost
Answer:
After-tax cost $652
Explanation:
$652 = $800 [1 − (0.5 × 0.370)]. Half of the interest is not deductible because it was used to purchase tax-exempt securities.
Write a short paragraph that explains the central idea of the article. Use at least two details from the article to support your response.
The central idea of the article will be the subject that the author of the article is presenting.
How can we identify the central idea of an article?To identify the central idea, it will be necessary for the article to be read.During the reading, the reader will be able to identify the main subject that the article is demonstrating.This subject is developed through arguments or information that the author presents to establish a type of communication with the reader.
You didn't submit the article your question refers to, so it's not possible to answer this question exactly, but I hope the above information can help you.
More information about central ideas at the link:
https://brainly.com/question/1914191
what is operating a vocation? explain with example.
I'm not really sure about that tho
Coakley Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs $56 to buy from farmers and $18 to crush in the company's plant. Two intermediate products, beet fiber, and beet juice emerge from the crushing process. The beet fiber can be sold as is for $32 or processed further for $24 to make the end product industrial fiber that is sold for $44. The beet juice can be sold as is for $52 or processed further for $32 to make the end product refined sugar that is sold for $78. How much profit (loss) does the company make by processing the intermediate product beet juice into refined sugar rather than selling it as is?
a. $(6)
b. $(12)
c. $(39)
d. $(60)
Answer:
The answer is A. $ 6
Explanation:
If the beet juice is sold as is:
Selling price: $52
Costs: $56 + $18 = $74
Loss: $(22)
If beet juice is processed into sugar and sold:
Selling price: $78
Costs: $56+ $18+ 32= $106
Loss:($28)
Therefore there is an additional $6 loss.
n order for an item to be considered a gift: Group of answer choices a. It must be given without any characteristics of control left with the giftor. b. The item cannot be exchanged for an agreement to provide a contra gift or service. c. It must represent a contract. d. Both a and b are required for an item to be considered a gift. e. Both a and c are required for an item to be considered a gift.
Answer:
a. It must be given without any characteristics of control left with the giftor.
b. The item cannot be exchanged for an agreement to provide a contra gift or service.
Explanation:
According to the Internal revenue system (IRS) gift means any transfer made to an individual either in direct way or indirect and the full considered would not be collected in return. In other way, lets take an example that you gave a big amount check and gift some investment to the individual other than your dependent or your wife so here it means you gave a gift
Therefore the option a and b is correct
One day, while Barbara was parking her car at the mall, she backed into another car. She got out of her car to see what happened. The other driver was not there at the time. Barbara could not see any damage, so she continued on her way. Which of the following statements is true about this situation? Because there was no obvious damage, Barbara has no liability. Barbara should have left a note for the other driver. Barbara’s action is an example of a hit-and-run. Barbara should have left a note for the other driver and Barbara’s action is an example of a hit and run.
Answer: Barbara should have left a note for the other driver and Barbara’s action is an example of a hit and run.
Explanation:
Hit and run occurs when there's a traffic collision with another car or human being and the person who caused the collision doesn't stop and therefore doesn't provide necessary information details which are required by law to the other person affected.
With regards to the scenario discussed in the question, Barbara should have left a note for the other driver and Barbara’s action is an example of a hit and run.
She should have left a note which will consist of details of how she can be reached in case there's further damage on the car.
On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus addi- tional costs necessary to prepare the mine for extraction of the coal totaled $4,500,000. The company expects to extract 900,000 tons of coal during a four-year period. During 2021, 240,000 tons were extracted and sold immediately. Required: 1. Calculate depletion for 2021. 2. Is depletion considered part of the product cost and included in the cost of inventory (yes/no)
Answer and Explanation:
The computation is shown below;
1. The depletion expense for the year 2021 is as follows;
= $4,500,000 ÷ 900,000 tons × 240,000 tons
= $1,200,000
2. Yes the depletion would be the part of the product cost and the same would be involved in the inventory cost as it is to be shown under the cost of goods sold when the income statement is prepared
2. For the fiscal year of 2017, Excel Sports Inc. had a net income of $255,000 and paid out $51,000 as common dividend. Meanwhile, the retained earnings in its 2017 Balance Sheet was $1,297,000. How much was the retained earnings in its 2016 Balance Sheet
Answer:
$1,093,000
Explanation:
Given the above information, retained earnings in the balance sheet for 2016 would be computed as;
Beginning retained earnings + Net income - Dividends = Ending retained earnings
Fixing in the values, then we'll have
Beginning retained earnings + $255,000 - $51,000 = $1,297,000
Beginning retained earnings = $1,297,000 - $255,000 + $51,000
Beginning retained earnings = $1,093,000
It therefore means that the sum of $1,093,000 is the retained earnings in Excel Sports Inc. 2016 balance sheet.
Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank in the amount of $600,000. The terms of the loan are 3.5% annual interest rate and payable in 8 months. Interest is due in equal payments each month. A. Compute the interest expense due each month. If required, round final answer to two decimal places. $fill in the blank 168512f2f010003_1 B. Show the journal entry to recognize the interest payment on October 20, and the entry for payment of the short-term note and final interest payment on May 20. If required, round final answers to two decimal places. If an amount box does not require an entry, leave it blank.
Answer:
a. Total interest due for the loan = Loan amount * Interest rate p.a * Months/12 months = $600,000 * 3.5% * 8/12 = $14,000
Interest due for each month = $14,000 / 8 months = $1,750
b. Journal Entries for payment of interest and final settlement
Date Account Title and Explanation Debit Credit
Oct 20 Interest Expenses $1,750
Cash $1,750
(Interest payment entry passed)
May 20 Interest Expenses $1,750
Loan $600,000
Cash $601,750
(Entry passed for loan and final interest payment)
Describe the life cycle of a product and explain profitability and sales volume at each stage
Answer:
Product Life Cycle: Overview
The product life cycle (PLC) describes a product's life in the market with respect to business/commercial costs and sales measures. It proceeds through multiple phases, involves many professional disciplines and requires many skills, tools and processes.
This is not to say that product lives cannot be extended – there are many good examples of this – but rather, each product has a ‘natural’ life through which it is expected to pass.
The stages of the product life cycle are:
Introduction
Growth
Maturity
Decline
PLC management makes these three assumptions:
Products have a limited life and, thus, every product has a life cycle.
Product sales pass through distinct stages, each of which poses different challenges, problems and opportunities to its parent company.
Products will have different marketing, financing, manufacturing, purchasing and human resource requirements at the various stages of its life cycle.
The product life cycle begins with the introduction stage (see ). Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted.
image
Product Development and Product Life Cycle: The Product Life Cycle follows directly after new product development.
A company must succeed at both developing new products and managing them in the face of changing tastes, technologies and competition. A good product manager should find new products to replace those that are in the declining stage of their life cycles; learning how to manage products optimally as they move from one stage to the next.
Product Lifecycle Management Stage 1: Market Introduction
This stage is characterized by a low growth rate of sales as the product is newly launched and consumers may not know much about it. Traditionally, a company usually incurs losses rather than profits during this phase. Especially if the product is new on the market, users may not be aware of its true potential, necessitating widespread information and advertising campaigns through various media.
However, this stage also offers its share of opportunities. For example, there may be less competition. In some instances, a monopoly may be created if the product proves very effective and is in great demand.
Characteristics of the introduction stage are:
High costs due to initial marketing, advertising, distribution and so on.
Sales volumes are low, increasing slowly
There may be little to no competition
Demand must be created through promotion and awareness campaigns
Customers must be prompted to try the product.
Little or no profit is made owing to high costs and low sales volumes
Growth
During the growth stage, the public becomes more aware of the product; as sales and revenues start to increase, profits begin to accrue.
Explanation:
Marigold Company produces one product, a putter called GO-Putter. Marigold uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $850,000 comprised of $300,000 of variable costs and $550,000 of fixed costs. Marigold applies overhead on the basis of direct labor hours. During the current year, Marigold produced 81,800 putters, worked 97,800 direct labor hours, and incurred variable overhead costs of $173,825 and fixed overhead costs of $642,300.
Required:
Compute the predetermined variable overhead rate and the predetermined fixed overhead rate.
Answer:
Marigold Company
Predetermined variable overhead rate:
= $3 per dlh
Predetermined fixed overhead rate:
= $5.50 per dlh
Explanation:
a) Data and Calculations:
Direct labor hour to produce one GO-Putter = 1 hour
Production capacity for GO-Putter = 100,000 units per year
Budgeted overhead costs:
Total overhead at normal capacity = $850,000
Variable overhead costs = $300,000
Fixed overhead costs = $550,000
Total estimated direct labor hours = 100,000 dlh (100,000 units * 1 hour)
Overhead application basis = Direct labor hours
Actual results:
Units of GO-Putters produced = 81,800
Direct labor hours used = 97,800
Variable overhead costs = $173,825
Fixed overhead costs = $642,300
Predetermined variable overhead rate:
= $300,000/100,000 = $3 per dlh
Predetermined fixed overhead rate:
= $550,000/100,000 = $5.50 per dlh
Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing costs and passing the savings to the customers, what strategy would they be implementing
Answer:
Niche cost leader strategy
Explanation:
In simple words, A niche cost pioneer or leader aims to exploit consumer markets that are price responsive. Its objective is to undercut all rivals' costs while remaining sustainable. Under this business strategy, the producer try to create a strong customer base by offering lower prices as it is the best motivation for the customer to try a specific product.
Thus, from the above we can conclude that the correct answer is niche cost leader.
The graph above shows supply and demand for a popular brand of coffee. A gas crisis affects shipping costs. What would a coffee company do in anticipation of a rise in shipping costs, and how would that effect the equilibrium price? (1 point)
Group of answer choices
Add S2 to the right of S, showing increase in supply and equilibrium price.
Add S2 to the left of S, showing decrease in supply and increase in equilibrium price.
Add D3 to the left of D2, showing decrease in equilibrium supply and equilibrium price.
Add D3 to the right of D2, showing increase in equilibrium supply and equilibrium price.
Answer:
Add S2 to the left of S, showing decrease in supply and increase in equilibrium price.
Explanation:
I did this and got it right
Most Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $420 million on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows:
January 1, 2021
Cash (price) 375,505,452
Discount on bonds (difference) 44,494,548
Bonds payable (face amount) 420,000,000
Required:
What would be the amount(s) related to the bonds that Most would report in its statement of cash flows for the year ended December 31, 2021? (List any cash outflow with a minus sign. Enter your answers in whole dollars.)
Answer:
Most Solutions, Inc.
Amounts related to the bonds that Most would report in its statement of cash flows for the year ended December 31, 2021:
Operating activities:
Interest payments -$50.4 million
Financing activities:
Bonds issue $375,505,452
Explanation:
a) Data and Calculations:
January 1, 2021:
Face value of bonds issued = $420 million
Maturity period of bonds = 10 years (2031)
Coupon interest rate = 12%
Market yield = 14%
Payment of interest expense = semiannually (June 30 and December 31)
Debit Cash (price) 375,505,452
Debit Discount on bonds (difference) 44,494,548
Credit Bonds payable (face amount) 420,000,000
To record the bonds proceeds and discount.
Cash payments for Bonds Interests:
June 30 $25.2 million
December 31 $25.2 million
The Holdsworth Corporation has purchased an executive jet. The company has agreed to pay $201,100 per year for the next 10 years and an additional $2,011,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest.
Required:
Determine the liability that would be recorded by Jenkins.
Answer:
$2,280,872
Explanation:
The computation of the liability that would be recorded by Jenkins is shown below
= Payment per year × annuity factor at 8% for 10 years + extra amount × discounting factor at 8% and 10 year
= $201,100 × 6.71008 + $2,011,000 × 0.46319
= $1,349,397 + $931,475
= $2,280,872
hence, the liability is $2,280,872
How do credit
scores play a role
in the inequity (a
lack of fairness
or justice) that
exists in our
society?
Answer: In response to aggressive marketing by the “big three” multinational credit bureaus – Equifax, Experian and TransUnion – employers, landlords and insurance companies now use credit reports and scores to make decisions that have major bearing on our social and economic opportunities. These days, your credit history can make or break whether you get a job or apartment, or access to decent, affordable insurance and loans. Credit reports and scores are not race neutral. Rather, they embed existing racial inequities in our credit system and economy – to the point that a person’s credit information serves as a proxy for race. For decades, banks have systematically redlined black and Latino neighborhoods, refusing to make conventional loans or locate branches in non-white and lower-income areas, notwithstanding laws that obligate banks to meet the credit needs of all communities they serve, consistent with safe and sound banking operations. Thanks to financial services deregulation and the advent of asset-backed securitization, a multi-billion dollar “fringe” financial system has filled the void, characterized by high-cost, destabilizing products and services, from payday loans to check-cashers – which banks typically also own or finance.
Explanation:
Which of the following distinguishes mediation from negotiation? Group of answer choices vested authority with a third party deciding the outcome of the dispute seeking a win-win outcome for involved parties being faster than litigation involved parties working toward a mutually acceptable solution involving a third party
Answer:
The correct answer is the last option: Involving a third party.
Explanation:
To begin with, the major difference between the terms of negotiation and mediation is that in the last one there is a third party involved that seeks for the most quickly and benefitial deal for the both parties that are discussing, while in the negotiation there is not a third party and the two parties existing seeks for their own benefits, even if that means to harm the other person in the process of getting the best for one of them. That is why that the mediation needs to use a third party that has to be impartial to the situation and only wants the best for the parties in the conflict.
One’s behavior cannot be affected by one’s subconscious. Please select the best answer from the choices provided T F
Answer:
False.
Explanation:
Operant conditioning can be defined as an associative learning process which involves reinforcing the strength of a behavior. Thus, the outcome depends on the response in operant conditioning.
A reinforcement of a desired behavior involves the process of strengthening a positive behavior being exhibited by an individual through the use of stimulus. Therefore, making the behavior to be exhibited in the future by the individual.
Basically, by reinforcing desired behaviors with rewards, parents, teachers and leaders can help people in building positive norms.
Behavior modification is a therapeutic process that is focused on changing any undesirable negative behavior in an individual through the use of positive or negative consequence and biofeedback.
Behavior modification is typically based on operant conditioning principles, through negative or positive reinforcement, undesirable behaviors developed by an individual are mainly replaced with more desirable ones.
Behavior modification can also be used to correct human behaviors or disorders such as enuresis (bed-wetting), Obsessive-Compulsive Disorder (OCD), generalized anxiety disorder, Attention-Deficit/Hyperactivity Disorder (ADHD), phobias, etc.
Hence, one’s behavior can be affected by one’s subconscious.
Answer:
false
Explanation: