Answer:
In financial accountings, assets are anything owned by a business or a valuable item.
Explanation:
e.g. in business it is: tangible, current, fixed and financial
In life it is: jewellery,e.t.c.
January 1, 2021, Smith Co. purchased common stock of North Company for $500,000. North Company has common stock outstanding of $10 million. Smith owns 5% of the outstanding stock of North. On December 31, 2021, the investment in North Company has a fair value of $505,000. On January 1, 2022, Smith sells the investment in North Company for $505,000. What journal entry is required to record the sale
Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
If average daily remittances are $6 million, and "extended disbursement float" adds two days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 7% on excess funds
Answer:
$840,000
Explanation:
Calculation of how much should the firm be willing to pay for a cash management system
Using this formula
Annual return from cash management system = Average daily remittances × 2 days disbursement schedule× Percentage of excess funds
Let plug in the formula
Annual return from cash management system$6,000,000 × 2 days × 7%
Annual return from cash management system= $840,000
Therefore the firm be willing to pay the amount of $840,000 for thebcash management system if the firm earns 7% on excess funds.
If a small business fails to repay a bank loan, what will the lending institution do to recover its loss?
Answer:
The bank sues the company for not paying the loan
Explanation:
When the small business fails to repay the loan to the bank, the bank sues the company in the credit bureau. The court then may declare the company bankrupt or the assets of the business can be liquidated to repay the creditor's loan. The defaults and unable to repay the loan affects the person's credit score severely, if the business is sole proprietorship. If the business is declared bankrupt then all of the business assets are liquidated and the money is paid to the lenders.
Suppose Gina and Henry play two rounds of the ultimatum game. In the first round they play for $10; in the second round they play for $1,000. In the first round Gina suggests an 80/20 split ($8 to Gina, $2 to Henry), but Henry quickly rejects the offer as unfair. Assuming Gina is interested in gaining financially from the experience and that she understands behavioral economics, we would expect her to
Answer:
C. offer a more unequal split ($900/$100) in order to gain more for herself and figuring Henry will accept the split because $100 is better than nothing.
Explanation:
Since in the question it is mentioned that the first round play $10 then for second it would be $1,000. Split ratio is 80 by 20 but the same is rejected by Henry
For understanding the behavioral economics, i.e decision making effects she should offer more unequal split i.e $900 by $100 so that she gain more as compared to Henry and at the same time Henry accept the $100 thinking that it is better than nothing
Hence, the correct option is c.
Angina, Inc., has 5 million shares outstanding. The firm is considering issuing an additional 1 million shares. After selling these shares at their $20 per share offering price and netting 95% of the sale proceeds, the firm is obligated by an earlier agreement to sell an additional 250,000 shares at 90% of the offering price. In total, how much cash will the firm net from these stock sales?
Answer:
$23,500,000
Explanation:
Angina Inc. has an outstanding of 5 million shares
The company is considering issuing an additional 1 million shares at $20 per share offering price and 95% of the proceeds gotten from the sale
An earlier agreement obligated the firm to sell an additional 250,000 shares at 90% of the offering price
The first step is to calculate the net proceeds for the shares sold
Net proceeds= Number of shares sold×price per share×percentage of sales proceed
The net proceeds for 1,000,000 shares can be calculated as follows
= 1,000,000×95/100×$20
= 1,000,000×0.95×$20
= $19,000,000
The net proceeds for 250,000 shares can be calculated as follows
= 250,000×90/100×$20
= 250,000×0.9×$20
= $4,500,000
Therefore, the total proceeds can be calculated as follows
= $19,000,000+$4,500,000
= $23,500,000
Hence the firm will realize a total cash of $23,500,000 from the stock sale.
Oucation 6 of 25
The need to get goods from producera to consumers raimes which of the
following bowie queations?
O A. How are goods and services to be distributed?
O B. What is to be produced?
O C. How is production to be organized?
O D. What is the most effective allocation?
Answer:
A. How are goods and services to be distributed?
Explanation:
After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.
According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.
Answer:
How are goods and services to be distributed?
Explanation:
took the test
For retirement, identifying which of the following most correlates with generating income for retirement? A. Tangible assets B. Debt C. Insurance D. Cash flow
Answer:
it should be A
Explanation:
it generating income for retirement
Which is an advantage of the sole proprietorship and partnership business models?
Explanation:
Advantage is profit easy to earn money etc
a. The factor distribution of income describes the relationship between
1. factor ownership and total income.
2. technology and total income.
3. capital and total income.
b. The factor market and factor prices play an essential part in the
1. allocation of income.
2. allocation of resources.
3. distribution of goods and services.
4. allocation of finance.
Answer:
a. The factor distribution of income describes the relationship between
3. capital and total income
b. The factor market and factor prices
1. allocation of income.
Explanation:
In economics, income distribution is defined as how a nation's total GDP is distributed amongst its population. On the other-hand, The factor distribution of income is the division of total income among labor, land, and capital. Factor prices, which are set in factor markets, helps in the determination of the factor distribution of income.
Jamir has decided that he needs a new car. He has found the model and color he wants for a purchase price of $25,838.
To buy the car, he must put 10 percent down, and his loan is for five years with an interest rate of 4.4 percent. His payments are $432.46.
To lease the car, he can sign a three-year contract with payments of $290. He needs to provide $1,500 up front to pay initial fees and his first month's payment. His annual mileage cannot exceed 15,000 miles.
Jamir’s new job is 25 miles away from his home. What is the most important thing he needs to consider before agrees to a lease?
Answer:
he will do more than 15,000 miles a year
Explanation:
Answer:
b) He will have to come up with a bigger down payment. c) His monthly payments will be higher.
Explanation:
can't see my options but got a question like this on edge.
Frames, Inc. manufactures large wooden picture frames. Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced, and variable selling and administrative expense is $13 per frame sold. The company produces 5,000 units each month and total fixed manufacturing overhead cost per month is $15,000. The unit product cost of each frame using variable costing is
Answer:
$68 per unit
Explanation:
The computation of the unit product cost of each frame using the variable costing is shown below:
= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead cost per unit
= $19 + $40 + $9
= $68 per unit
We simply added the above three cost so that the unit product cost could come
Susan works for a salary of $3,600 per month. She has federal income tax withheld at the rate of 15%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $48 per month. Susan also contributes to a savings plan. Each month, 2% of her gross pay is placed in the plan.
Answer:
$2,664.68
Explanation:
Salary $3,600
Overtime $0
Gross Pay:$3,600
Required Deductions:
Federal Tax(15%*3,600) $540
Social Security Tax(6.2%*3,600) $223.2
Medicare Tax(1.45%*3,600) $52.12
Voluntary Deductions:
Health Insurance 48
Union Dues $0
Retirement $0
Savings:( 2% *3,600)72
Other:
Total Deductions:935.32
Net Pay: (3,600-935.32) $2,664.68
Therefore Susan Net pay will be $2,664.68
what is buisness studies
Answer:
This is an academic subject taught in schools and at high college levels.
Explanation:
Its studies combines elements of finance, marketing,e.t.c.
Hope this helps you.
I also do this.
Niko is a member of a five-person community action team to address natural resource issues in his region. He notices that every time the team meets, members do not listen respectfully to each other. According to Hill’s model of team leadership Niko should ______.
Answer: Step up into a leadership role and use coaching behaviors to address internal relations
Explanation:
Taking responsibility is most timethe only way to resolve a problem in a group or society. One of the ways to go about this is having an undying passion that ensures that until the problem is resolved you won't take a break because the task in most of these sort of scenario could be frustrating and make the one who take up the task give up easily but once there's passion then the individual can rise to the occasion to ensure that things are done rightly through coaching method to meet their goal.
The selling of Busch Entertainment, a theme park unit that owns SeaWorld, by Belgium-based AB InBev after the acquisition of Anheuser-Busch by InBev to ensure a focus on AB InBev’s core business, is an example of Multiple Choice a principal–agent problem. taper integration. restructuring. a diversification premium. franchising.
Answer:
The right answer is "Restructuring ".
Explanation:
Restructuring seems to be a process during which a firm keeps changing its organization's strategy as well as its path. Most restructuring procedures demonstrate laying off workers. The enterprise can fire workers, remove divisions, or shutter almost all of its stores nationwide.So that the given instance would be an example of "Restructuring".
Nora is applying for a student loan to attend college. What is true? A) Her lender takes less risk with this type of loan. B) There is no collateral needed for this secured loan. C) The APR will be lower the first month of the loan. D) A higher interest may be associated with this unsecured loan. Help QUICK!!!
Answer:
D) A higher interest may be associated with this unsecured loan.
Explanation:
The secured loan is the loan in which collateral property is pledged while on the other hand the unsecured loan is the loan in which no collateral property is pledged
As in the given situation, the unsecured loan is higher riskier as compared with the unsecured loan. Moreover, in the unsecured loan the interest rate is high and it required high credit scores
Therefore the option D is most appropriate and fits to the current scenario
Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Raw Materials Bal. 1/1 17,000 Credits ? Debits 97,000 Bal. 12/31 30,000 Work In Process Bal. 1/1 19,000 Credits 506,000 Direct materials 74,000 Direct labor 13,000 Overhead applied 257,000 Bal. 12/31 ? The cost of indirect materials requisitioned for use in production during the year was:
Answer:
The cost of indirect materials requisitioned for use in production is $10,000
Explanation:
Direct Material used = Opening Raw Material inventory + purchases - Closing RM inventory
Direct Material used = 17000 + 97000 - 30000
= $84,000
Out of this $84000, $74000 was Direct material in the WIP account , so therefore indirect material=
= 84,000 - 74,000
=$10,000
Answer:
10,000
Explanation:
In which situation would saving a Word document as a PDF be most useful?
when checking for accessibility issues
O when allowing users to make changes to a document
when users who want to view a document do not have Word
O when sending a document to a person who has no access to browsers
Answer:
its "when users who want to view a document do not have word"
Explanation:
c
Answer: C
Explanation:
Compared with individuals working in the private sector, public employees do not have ______. a. more stringent codes of ethical behavior b. higher levels of education c. lower standards for pay d. a greater commitment toward civic duty
Answer:
Option A. More stringent codes of ethical behavior
Option B. Higher levels of education,
and
Option D. A greater commitment toward civic duty,
Explanation:
The public employees have to adhere to stringent codes of ethical behavior because the public employees are professionals and professionals are always highly qualified personal. Their commitment towards the civic duty is high because they are obliged to act in the public interest and not act in a manner that his profession dignity gets affected. The level of experience, education, professionalism, adherence to ethical and company code, results in higher employee compensations.
Hence the Option A, B and D are correct options.
A new client of the member firm has just opened a margin account. After account approval, the client's initial trade is an order to purchase 100 shares of LMN common stock at $25. With Regulation T at 50%, in order to be in compliance with all regulations, the client would need to deposit:___________
Answer:
$2,000
Explanation:
Data provided in the question
Number of shares purchased = 100 shares
Price of common stock = $25
Given percentage = 50%
Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000
A new real estate professional is getting to know licensees at his new firm, Tremont Homes. One licensee tells him there's an unwritten agreement with a neighboring firm that Tremont serves the mid-town area, and everyone who has prospective clients in that area refer their leads to Tremont. What's this an example of
Answer:
Market allocation.
Explanation:
Market allocation refers to a form of horizontal trade arrangement in which various competitors decide to limit their respective business practices to particular aspects such as particular territories, specified products, particular regional zones, and specific set of customers. Therefore, market allocation provides competitors the opportunity to establish large channels of local monopolies. As per the question, Tremont establish monopoly in that area and it unfairly limits the options of customers.
Florida state saving bond can be converted to $1000 at maturity date of five year from purchase if the state bond are to be competitive with the USA saving bonds which pay 1% interest compounded annually at what price will the state bonds sell
Answer:
The price will the state bonds sell would be $951.46
Explanation:
In order to calculate the price will the state bonds sell we would have to make the following calculation:
price will the state bonds sell=price to be converted/(1+interest rate)∧n
According to given data we have the following:
price to be converted=can be converted to $1,000 at maturity date of five year from purchase
interest rate=1%
n=5
Therefore, price will the state bonds sell=$1,000/(1+1%)^5
price will the state bonds sell=$951.46
The price will the state bonds sell would be $951.46
Harry deposits $2400 in an account that pays 7% simple interest and $3500 in a second account that has a higher interest rate but is more risky. What interest rate must he get on the second account in order to earn at least $800 in interest for one year?
Answer:
18.0571%
Explanation:
Simple interest = principal x time x year
simple interest on the first investment = $2400 x 0,07 x 1 = $168
in order to earn at least $800 , he must earn $800 - $168 = $632 in the second investment
$632 = $3500 x r x 1
r = $632 / $3500 = 0,180571 = 18.0571%
The project team member also referred to as the customer representative and responsible for defining the customer requirements and product features and for ensuring that the development team delivers an end product with the required features is the
Answer:
Product Owner (PO)
Explanation:
The Product owner is the one who knows what product features actually the customer is demanding from them. His opinion will have significant impact on the product formation as he will be acting as a customer agent. The product owner is a representative of the customer and helps the development team to develop a product of customer choice.
When labor productivity increases over time, generally A) it is due to increases in the number of workers B) So do average wages C) It results in higher For prices for goods and services .
Answer:
The answer is B.
Explanation:
Labour productivity is given as output per unit of labour input.
When output increases in an industry, ceteris paribus, the industry may have to lower prices in order to sell that increase. When output increases(labor productivity increases), workers will demand for higher wages. This is so because the efficiency of the workers has improved and there is need for compensation.
Carly's Classic Limo Service sold one of its automobiles for $19,000. The car was an antique car that Carly used to promote the business. The car had an original cost of $13,000 with $11,000 in accumulated depreciation. The recognized gain on the sale was $
Answer:
$17,000
Explanation:
The reason is that the recognized gain is the difference between the Carrying Value and the Sale Value of the asset.
Here
Carrying value of asset = $13,000 Cost - $11,000 Accumulated Depreciation
Carrying value of asset = $2,000
Sale Value is $19,000
Recognized Gain = $19,000 Sale Value - Carrying Value $2,000
Recognized Gain = $17,000
A sole proprietorship: Multiple Choice involves significant legal costs during the formation process. has its profits taxed as personal income. provides limited financial liability for its owner. can generally raise significant capital from non-owner sources. has an unlimited life.
Answer:
has its profits taxed as personal income.
Explanation:
Some of the advantages of sole proprietorships are that they do not require expensive legal costs in order to establish them, but their two main disadvantages are that it is more difficult to raise additional funds and the owner (sole proprietor) has unlimited liability against any obligation resulting from the business. They also have a limited life, since they cease to exist if the owner dies.
As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities Fund. If he invests $30,000 and the fund charges a load of 4.25 percent when shares are purchased, what is the amount of commission (load) Bart must pay?
Answer:
$1,275
Explanation:
The computation of the amount of commission for paying is shown below:
= Invested amount × fund charges a load percentage
= $30,000 × 4.25%
= $1,275
By multiplying the invested amount with the fund charges a load percentage we can easily calculate the amount of commission and the same is to be considered
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 22.4 Process time 7.3 Inspection time 1.9 Move time 4.5 Queue time 6.6 The manufacturing cycle efficiency (MCE) was closest to:
Answer: 0.36
Explanation:
Given the following information :
Hours Wait time = 22.4
Process time = 7.3
Inspection time = 1.9
Move time = 4.5
Queue time = 6.6
The Manufacturing Cycle Efficiency (MCE) equals:
The ratio of the process time and the throughput time
The throughput time (Manufacturing cycle) regers to the duration of time required to manufacture a particular product.
It is usually the sum of the process, inspection, move and queue time.
Therefore, throughput time equals ;
(process + inspection + move + queue) time.
(7.3 + 1.9 + 4.5 + 6.6) = 20.3
MCE = PROCESS TIME / THROUGHPUT TIME
MCE = 7.3 / 20.3 = 0.3596 = 0.36
PLEASE HELP ASAP! What is the impact of effective purchasing on an operation’s cash flow?
Answer:
Cost reduction; leading to profit for the company/business.
Explanation:
Remember, a cash flow is an indication or indicator of the amount of money coming into and out of a business.
Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.
The practice of effective purchasing leads to Cost reduction and Profit maximization on operation’s cash flow.
Effective purchasing involves the practice of evaluating available suppliers for their performance, stability and efficiency to allow patronizing the one which offers lower cost service with same quality.
Effective purchasing results to cost reduction and thus, result to increased profit because the right items needed for operations at gotten at the fair price
Therefore, the practice of effective purchasing leads to Cost reduction and Profit maximization on operation’s cash flow.
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