Trans Mountain Expansion Project has been subject to numerous controversies and legal challenges since its inception. The pipeline was built in 1953 and runs from Edmonton, Alberta to Burnaby, British Columbia.
The ethical issues surrounding the Trans Mountain Expansion Project range from environmental damage to Indigenous rights violations. The primary ethical implications include:Environmental damage: Trans Mountain Expansion Project has the potential to cause serious environmental damage, including oil spills and emissions. Indigenous rights: The pipeline expansion project would cross Indigenous territories, posing significant risks to Indigenous peoples' rights and cultures. Climate change: The Trans Mountain Expansion Project would contribute to climate change by increasing the production of oil and gas.
Possible resolutions to ethical implications include:Carbon tax: The Canadian government could impose a carbon tax on the oil and gas industry, which would incentivize companies to reduce their carbon emissions.Green energy: The Canadian government could invest in green energy to decrease reliance on fossil fuels. Consultation with Indigenous groups: The Canadian government could consult with Indigenous groups to understand their concerns and implement measures to mitigate the project's impacts on Indigenous rights and cultures.
To know more about controversies visit:
https://brainly.com/question/14837486
#SPJ11
Let's say you buy a bond with a face value of $1,000 and a coupon rate of 4.5%, so the annual interest payments are $45. The bond matures in 30 years, but the issuer can call the bond for $1,045 in ten years if they choose. You buy the bond for $878.00, a discount to face value. What is the yield to call (i.e., YTC)? \begin{tabular}{l} \hline 5.56% \hline 6.03% 6.22% \hline 5.73% 6.53% \end{tabular}
In this problem, we are given the following information:
Face Value (FV) = 1,000Coupon Rate (CR) = 4.5%
Annual Interest Payment = 45
Maturity (M) = 30 years
Call Price (CP) = 1,045C
all Time (CT) = 10 years
Purchase Price (PP) = 878
We have to calculate the Yield to Call (YTC).
The formula for Yield to Call (YTC) is:
$YTC=
\sqrt[\left root {-2}
\uproot{2}n]{\ frac {CP-P}{CP+
\left( FV-P \right)
\frac {r}{n}
where,
P = Purchase Price
CP = Call Price
FV = Face Value
r = annual interest rate
n = number of periods until the call date To calculate the YTC, we need to find r.
We can use a financial calculator to solve for r, or we can use the trial and error method.
Using the trial and error method,
we get r ≈ 6.03%.
The Yield to Call (YTC) is approximately equal to 6.03%.
Hence, the correct option is:6.03%.
To know more about information visit :
https://brainly.com/question/33427978
#SPJ11
Edwin Parts, a job shop, recorded the following transactions in May:
Purchased $87,200 in materials on account.
Issued $3,650 in supplies from the materials inventory to the production department.
Issued $43,600 in direct materials to the production department.
Paid for the materials purchased in transaction (1).
Incurred wage costs of $67,200, which were debited to Payroll, a temporary account. Of this amount, $22,300 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $44,900 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll.
Recognized $34,700 in fringe benefit costs, incurred as a result of the wages paid in (5). This $34,700 was debited to Payroll and credited to Fringe Benefits Payable.
Analyzed the Payroll account and determined that 65 percent represented direct labor; 15 percent, indirect manufacturing labor; and 20 percent, administrative and marketing costs.
Applied overhead on the basis of 140 percent of direct labor costs.
Paid for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant totaling $41,300.
Recognized depreciation of $26,300 on manufacturing property, plant, and equipment.
Required:
a. Prepare journal entries to record these transactions.
b. The balances that appeared in the accounts of Edwin Parts are shown as follows.
Beginning Ending
Materials Inventory $ 89,900 ?
Work-in-Process Inventory 25,400 ?
Finished Goods Inventory 102,600 $ 93,200
Cost of Goods Sold — 154,800
Prepare T-accounts to show the flow of costs during the period.
a. The journal entries to record these transactions are as follows: Date Account Titles and Explanation Debit Credit May1 Materials Inventory87,200Accounts Payable87,200(To record materials purchased on account)May1Work-in-Process Inventory43,600 .
Materials Inventory43,600(To record direct materials issued to the production department)May1Manufacturing Overhead12,440 Materials Inventory 8,885.
Accounts Payable 8,885 Supplies Inventory 3,555(To record supplies issued from materials inventory to the production department and to apply overhead to materials used) May1Accounts Payable 87,200 Cash 87,200 (To record payment for materials purchased).
May1Payroll67,200Cash44,900 Payroll Taxes Payable22,300(To record wage costs incurred and paid, and payroll taxes)May1Payroll34,700 Fringe Benefits Payable34,700(To record fringe benefit costs incurred)May31Work-in-Process Inventory17,600.
Manufacturing Overhead7,560Payroll14,140(To record direct and indirect labor costs, and applied overhead)May31Utilities, Maintenance, and Miscellaneous 41,300Cash41,300(To record payment for utilities, maintenance, and miscellaneous expenses).
To know more about Process visit:
https://brainly.com/question/14832369
#SPJ11
The transactions made by Edwin Parts involve recording materials inventory, wage and fringe benefit costs, and overhead costs. Journal entries for these transactions should follow debit and credit rules of accounting. After these transactions, the ending balances for the inventory accounts can be calculated.
Explanation:Edwin Parts is dealing with common transactions related to managing Materials Inventory, accounting for wage and fringe benefit costs, and applying manufacturing overheads such as depreciation and equipment maintenance costs.
For an accurate journal, you'll have to follow the debit and credit rules of accounting.
Materials Inventory - Debit: $87,200; Accounts Payable - Credit: $87,200 Production Supplies Expense - Debit: $3,650; Materials Inventory - Credit: $3,650 Work-In-Process Inventory (Direct Materials) - Debit: $43,600; Materials Inventory - Credit: $43,600 Accounts Payable - Debit: $87,200; Cash - Credit: $87,200 Payroll - Debit: $67,200; Cash - Credit: $44,900; Payroll Taxes Payable - Credit: $22,300 Payroll - Debit: $34,700; Fringe Benefits Payable - Credit: $34,700 Overhead - Debit: $59,180 (Based on 140% of 65% of Payroll expense); Work-In-Process Inventory - Credit: $59,180 Maintenance Expense - Debit: $41,300; Cash - Credit: $41,300 Depreciation Expense - Debit: $26,300; Accumulated Depreciation - Credit: $26,300After these transactions, you can calculate the ending balances for Materials, Work-In-Process, and Finished Goods Inventory. Materials Inventory ending balance is Materials Inventory beginning balance + purchases - issued to production - issued to supplies. Work-In-Process Inventory ending balance is Work-In-Process Inventory beginning balance + direct materials issued + direct labor (65% of payroll) + applied overhead - cost of goods manufactured (This requires additional information). Finished Goods Inventory ending balance is Finished Goods Inventory beginning balance + cost of goods manufactured - cost of goods sold.
Learn more about Accounting Transactions here:https://brainly.com/question/18504617
#SPJ11
Assignment The doctrine of lifting the veil of incorporation emphasizes that a company has a separate entity from its directors and members, hence, the members are not liable for the misdeeds of the company. However, there are situations when the directors and members misuse the corporate veil to serve their own purpose to the prejudice of the interest of the company. If this is so, it is imperative to look behind the corporate veil to discern the fact and find the persons responsible for misdeeds. Elaborate the doctrine of lifting the veil of incorporation with reference to decided cases. Instructions: Word length should not exceed 800 words Plagiarism will be penalized Referencing is encouraged for better grade Must be submitted before the final exam Ca be submitted hand written or typed
The doctrine of lifting the veil of incorporation refers to the situations in which the directors or members of a company abuse the concept of separate legal personality by hiding their unlawful activities behind the veil of the company. This concept is based on the idea that a company has its own legal identity,
separate from that of its members. This implies that the company can hold assets, borrow money, sue and be sued in its own name. This is why shareholders' liability is limited to the extent of their investment in the company. However, in certain circumstances, the veil of incorporation can be lifted, and the courts will look beyond the company's façade to the underlying reality, thus exposing the directors or members responsible for the wrongdoing.
The doctrine of lifting the veil of incorporation was first recognized in the case of Salomon v. Salomon & Co. Ltd., [1897] AC 22, which established the principle of separate legal personality of a company. The House of Lords held that once a company is legally incorporated, it becomes a separate legal entity from its shareholders. This means that the company's creditors cannot claim against the shareholders' personal assets if the company becomes insolvent.
To know more about doctrine visit:
https://brainly.com/question/12375851
#SPJ11
the goal in allocating a cost to cost objects is to achieve a rational allocation.
true or false?
The statement that says "The goal in allocating a cost to cost objects is to achieve a rational allocation" is True. Cost allocation is the method of allocating costs to the correct accounts or cost objects.
Cost allocation is the process of allocating expenses to the various departments or products that incurred them in the first place. The costs that were allocated should be proportional to the amount of time or resources that the department or product used.
Cost allocation is beneficial because it allows an organization to allocate expenses properly to the departments that incurred them. The organization can then create reports and financial statements that reflect the actual cost of producing each product or service.
To know more about objects visit:
https://brainly.com/question/14964361
#SPJ11
Situation: You are the new Chief Financial Officer (CFO) of a non-profit hospital. MRI volumes over the past 5 years have increased dramatically to the point where the demand exceeds the capacity of the single MRI that the hospital is currently operating. A request has come from the director of Imaging to purchase an additional MRI. There is space available but the room will need to be shielded after the MRI is installed. This project has been on the long-term strategic plan for the past four years. As you understand, each year the CEO has told the CFO to postpone purchasing the MRI. You have a need to access capital funding and analyze the financial impact of purchasing a new MRI. Complete and SBAR that describes the request as follows: · Situation – Describe the situation of the MRI request · Background – Discuss issues that may have stopped the CFO and Administration from purchasing the MRI in the past. o Include a summary or outline of the capital budget request process · Assessment/Analysis - Provide the financial analysis that supports (or doesn’t support) purchasing the MRI this analysis will include o Expected life of the MRI o Cashflow analysis of the MRI over that expected life (Hint: don’t forget to include the initial purchase of the MRI in year one) o NPV Calculation o IRR Calculation · Recommendation – What is your recommendation based on the analysis and background discussion. Assuming that you do recommend purchasing the MRI, describe how you would access capital to pay for this purchase and why you chose this option. · Compare and contrast the follow methods to pay for the purchase of the new MRI o Bond Issue o New Loan or Line of Credit o Using Cash Reserves o Philanthropy o Would raising revenue to increase reimbursement be an option, why or why not?
SBAR refers to Situation, Background, Assessment, and Recommendation. The following is an SBAR statement that describes a request to buy an additional MRI in a non-profit hospital:
Situation – The non-profit hospital is facing an increase in the volume of MRI cases. The hospital has a single MRI machine, and the demand for it has exceeded its capacity. The director of Imaging has requested the purchase of another MRI. There is sufficient space available, but the room will need to be shielded after installation.
Background – The purchase of an additional MRI has been part of the hospital's long-term strategic plan for the last four years. However, the CEO has always directed the CFO to postpone purchasing the MRI. The capital budget request process may have also contributed to this delay. Typically, in this process, the CFO must prepare and present a capital budget request to the CEO and board. The request should include a justification, timeline, and projected return on investment.
Assessment/Analysis - Based on the financial analysis conducted, it is recommended that the non-profit hospital purchases an additional MRI machine. The financial analysis will include the expected life of the MRI, cash flow analysis, net present value (NPV), and internal rate of return (IRR) calculations. These will help to evaluate the financial impact of purchasing an additional MRI machine over the expected life of the machine.
Recommendation – Based on the analysis, it is recommended that the non-profit hospital should purchase the additional MRI machine. To finance the purchase, several methods could be considered, including bond issue, new loan or line of credit, using cash reserves, philanthropy, or raising revenue to increase reimbursement. Of these methods, a bond issue or new loan is recommended, as it is a more cost-effective method of financing. Philanthropy is also a good option, but it may not provide the entire funding needed. Raising revenue to increase reimbursement may not be feasible, as it is dependent on the availability of funds from payers.
Learn more about cost-effective method: https://brainly.com/question/2288228
#SPJ11
BKE manufactures carbon capture modules. The firm does not currently pay a dividend and uses all company profits to expand a company-owned lithium mine. Analysts expect BKE to pay a dividend of $1.25 four years from today. Dividends will then grow by 15% annually for 3 years and then decline by 7.5% (from 15% to 7.5%) for 2nd three-year growth window. The growth rate will then decline to a constant 5% per year forever. BKE equity has a required return of 8%.
a. Calculate P0 for BKE equity.
b. BKE is currently trading for $60 per share. If the initial dividend and dividend growth assumptions are correct, determine the implied BKE required return for a 60% price per share.
In this scenario, we will calculate the present value of BKE equity and determine the implied required return for the company's stock. We have been given information about the company's dividend payments, growth rates, and the required return. By using these details, we can calculate the present value of the expected future cash flows.
a. Calculate P₀ for BKE equity:
To calculate the present value of BKE equity, we need to find the present value of each future dividend and sum them up. The formula we will use is the present value of a growing perpetuity.
First, let's calculate the dividends for each period based on the given growth rates:
Year 1: Dividend = $1.25
Year 2: Dividend = $1.25 * (1 + 15%) = $1.44
Year 3: Dividend = $1.44 * (1 + 15%) = $1.66
Year 4: Dividend = $1.66 * (1 + 15%) = $1.91
After the fourth year, the growth rate changes. So, for the next three years, the dividends will grow at a decreasing rate:
Year 5: Dividend = $1.91 * (1 + 7.5%) = $2.05
Year 6: Dividend = $2.05 * (1 + 7.5%) = $2.20
Year 7: Dividend = $2.20 * (1 + 7.5%) = $2.37
From the eighth year and onwards, the dividends will grow at a constant rate of 5% per year.
Now, let's calculate the present value of each dividend using the required return of 8%:
Year 1: PV = $1.25 / (1 + 8%)¹
Year 2: PV = $1.44 / (1 + 8%)²
Year 3: PV = $1.66 / (1 + 8%)³
Year 4: PV = $1.91 / (1 + 8%)⁴
Year 5: PV = $2.05 / (1 + 8%)⁵
Year 6: PV = $2.20 / (1 + 8%)⁶
Year 7: PV = $2.37 / (1 + 8%)⁷
Now, we need to calculate the present value of the dividends from the eighth year onwards using the constant growth rate of 5%. We can use the formula for the present value of a growing perpetuity:
Year 8 onwards: PV = Dividend / (Required Return - Growth Rate)
PV = $2.37 / (8% - 5%)
Finally, we sum up all the present values to find the present value of BKE equity (P₀):
P₀ = PV₁ + PV₂ + PV₃ + PV₄ + PV₅ + PV₆ + PV₇ + PV₈ onwards
b. Determine the implied BKE required return for a 60% price per share:
To determine the implied required return for a 60% price per share, we need to rearrange the formula for the present value of a growing perpetuity:
Price per share = Dividend / (Required Return - Growth Rate)
Rearranging the formula, we can solve for the required return:
Required Return = Dividend / Price per share + Growth Rate
In this case, the dividend is $1.25 and the price per share is $60 (60% of the current trading price).
Required Return = $1.25 / $60 + Growth Rate
You can substitute the values and calculate the implied required return.
Note: It's important to keep in mind that these calculations are based on the assumptions provided and may not reflect the actual future performance of BKE or the stock market. It's always essential to conduct thorough research and consider various factors when making investment decisions.
To know more about Dividend here
https://brainly.com/question/33428821
#SPJ4
supply chain management subject
homework
Explanation of the duty in the picture
From your understanding of chapter four, kindly write down the main differences between the six designs of distribution networks?
The picture that is given is not visible here, so I cannot explain the duty. If you provide me with the picture or the duty mentioned in the picture, I can give a clear explanation of it.
Supply chain management is concerned with the flow of goods and services from raw material acquisition to delivery of the final product to the end consumer. It's critical to have an efficient supply chain to keep costs low and avoid excess inventory or stockouts.
Now, coming to the second part of your question, the main differences between the six designs of distribution networks are as follows: Centralized Network. In this design, one location is used to receive, store, and distribute all goods to other locations. It's cost-effective because it doesn't require a lot of warehouses. However, this structure may cause delivery issues. Decentralized Network.
To know more about picture visit:
https://brainly.com/question/31035584
#SPJ11
a major retailer sending out a monthly e-mail highlighting its current sales promotions is an example of ______. multiple choice question. blogging event marketing e-mail promotion sampling
The example of a major retailer sending out a monthly email highlighting its current sales promotions is an example of an e-mail promotion.
E-mail promotion refers to the practice of using email as a marketing tool to communicate promotional messages and offers to customers or subscribers. It involves sending targeted emails to a specific audience with the aim of promoting products, services, or special offers.
In the given example, the major retailer is utilizing email as a means to inform its customers about the current sales promotions. By sending out monthly emails, the retailer can showcase the latest discounts, deals, or special offers available in their stores or online. This allows them to reach a wide audience directly in their inboxes, keeping customers informed and potentially driving sales.
E-mail promotion is a cost-effective and efficient way to engage with customers, nurture relationships, and generate sales leads. It offers the opportunity to tailor messages based on customer preferences, segment the audience, and track the effectiveness of email campaigns through metrics such as open rates, click-through rates, and conversion
rates.
learn more about current sales here:
https://brainly.com/question/28146235
#SPJ11
according to the truth in lending act, if a consumer unknowingly purchases a damaged good using a credit card, the consumer is not obligated to pay for the good if all but which of the following requirements are met?
The above requirements are met, except for the consumer attempting to resolve the issue with the merchant, the consumer may still be obligated to pay for the damaged good. To protect their rights and resolve any disputes with the merchant or credit card issuer.
According to the Truth in Lending Act (TILA) in the United States, if a consumer unknowingly purchases a damaged good using a credit card, the consumer is not obligated to pay for the good if all but one of the following requirements are met:
The purchase must be made using a credit card: This means that the consumer must have used a credit card for the transaction. If the purchase was made using cash, a check, or any other form of payment, the consumer may not be protected under TILA.
The consumer must be unaware of the damaged condition: The consumer must have had no knowledge or reason to know that the purchased good was damaged at the time of the transaction.
The purchase amount must exceed $50: TILA only provides protection for purchases that exceed $50. If the purchase amount is less than $50, the consumer may not be covered.
The consumer must attempt to resolve the issue with the merchant: The consumer must make a good faith effort to resolve the issue with the merchant before disputing the charge with the credit card issuer.
To know more about consumer here
https://brainly.com/question/27773546
#SPJ4
Which of the following shows that a purely competitive firm has achieved profit maximisation?
A. MPl / Pl = MPc / Pc = 4 = 4
B. MPl / Pl = MPc / Pc = 1 = 1
C. MRPl / Pl = MRPc / Pc = 4 = 4
D. MRPl / Pl = MRPc / Pc = 1 = 1
Profit maximization is an essential goal of a purely competitive firm, and it can be achieved by equating marginal cost to marginal revenue.
In other words, it can also be achieved when the difference between total revenue and total cost is at its highest point. The correct answer is D.MRPl / Pl = MRPc / Pc = 1 = 1. The MRP (marginal revenue product) is the change in revenue generated by the last unit of input.
While Pl is the cost of the input. MRPC (marginal revenue product of capital) is the change in revenue generated by the last unit of capital. Whereas Pc is the cost of capital.
A competitive firm must equalize the marginal product of labor (MPL) and the marginal product of capital (MPK) with the wage rate and interest rate, respectively, in the short run.
To maximize profits in a purely competitive market, firms must produce at the point where marginal cost (MC) equals marginal revenue (MR), and that point will coincide with minimum average total cost (ATC). Therefore, the correct answer is D. MRPl / Pl = MRPc / Pc = 1 = 1.
To know more about competitive visit:
https://brainly.com/question/2570802
#SPJ11
Tobacco Master (references needed)
Research all the information you can from the company website, industry
reports, research papers, news etc. to understand and study the nature of the
business.
What kind of business they have
What do they sell
How long they are in the business
Who are their target market
What is their product.
Tobacco Master is a private limited company that operates in the tobacco industry. They were established in 2018, and their headquarters are in London, United Kingdom. They specialize in the wholesale distribution of tobacco products, including cigarettes, cigars, rolling tobacco, and snus.
Tobacco Master's primary customers are other companies that operate in the tobacco industry, such as retailers and wholesalers. They operate primarily in the United Kingdom, but they also serve customers in other countries, such as Italy and France. According to the company's website, their mission is to provide high-quality tobacco products to their customers at competitive prices.
The tobacco industry is a highly regulated industry, and companies like Tobacco Master must comply with a range of laws and regulations. In the United Kingdom, the sale of tobacco products is regulated by the Tobacco and Related Products Regulations 2016. These regulations require companies to comply with a range of requirements, such as displaying health warnings on cigarette packets and ensuring that tobacco products are not sold to minors.As the tobacco industry continues to evolve, it will be interesting to see how Tobacco Master adapts to new trends and regulations.
To know more about tobacco visit:
https://brainly.com/question/32881991
#SPJ11
Chapter 10 Homework Assignment Note: You must show all work for each question in this Excel spreadsheet to receive credit for this assignment. Please upload the completed Excel spreadsheet (showing all calculations) to Blackboard using the link provided with the homework assignment. James Smith acquired the rights to property in northeast Alabama which contains reserves of gravel and pumice. lames paid $1,500,000 for the rights to the property, and his engineers have determined that approximately 50,000 pounds of gravel and pumice could be extracted from the property. James expects the gross income from the property to be $975,000 in 2022 , and taxable income is expected to be $95,000. During 2022, lames expects to extract 10,000 pounds of zravel and pumice from the property. The applicable percentage depletion rate for gravel and pumice is 5%. Question 1: What is James' cost depletion for 2022? Question 2: What is lames' percentage depletion for 2022? 4 Question 3: Based on the answers to Questions 1 and 2, what is the total depletion deduction for 2022 which can be recognized on fames' tax return?
To calculate James' cost depletion for 2022, you need to determine the depletion per unit and then multiply it by the number of units extracted.
The formula for cost depletion is (Cost of Property / Estimated Recoverable Units) * Number of Units Extracted.
Cost of Property = $1,500,000
Estimated Recoverable Units = 50,000 pounds
Number of Units Extracted = 10,000 pounds
Cost Depletion = ($1,500,000 / 50,000) * 10,000
Question 2: To calculate James' percentage depletion for 2022, you need to multiply the gross income from the property by the applicable percentage depletion rate. The formula for percentage depletion is Gross Income * Percentage Depletion Rate.
Gross Income = $975,000
Percentage Depletion Rate = 5%
Percentage Depletion = $975,000 * 5%
Question 3: The total depletion deduction for 2022 that can be recognized on James' tax return is the higher of cost depletion or percentage depletion. So you would compare the results from Question 1 and Question 2 and take the higher value as the total depletion deduction.
Learn more about Excel spreadsheet here:
https://brainly.com/question/32614899
#SPJ11
Explain, in YOUR OWN WORDS, the importance of consistency of
branding in all of your messaging.
Branding is the way a business presents itself to the public, and the consistent use of branding in all messaging is critical in several ways. Consistent branding helps to establish a clear, distinct identity for a company, making it easier for customers to identify and recognize the business and its products or services. It also helps to build customer loyalty and trust by creating a sense of familiarity and reliability.
A strong brand identity is essential to marketing efforts, and consistency in branding across all messaging is essential for building and maintaining that identity. By using consistent visual elements such as colors, logos, and font styles, businesses can create a strong, easily recognizable brand that stands out in a crowded market. Consistent messaging is also important in establishing a brand's voice and tone, helping to create a consistent experience for customers across all channels.
This consistency can help to build trust and increase customer engagement, as well as making it easier for customers to find and connect with the business online.The importance of consistency in branding cannot be overstated. By maintaining a consistent identity and messaging across all channels, businesses can build a strong, recognizable brand that resonates with customers and helps to establish long-term loyalty.
To know more about Branding visit:
https://brainly.com/question/31752787
#SPJ11
Highlight the importance of Partnership Act in canada?
The Partnership Act in Canada is a law that governs the way partners interact and conduct business. This Act regulates the relationship between partners and defines the rights and responsibilities of partners in Canada.
It plays a crucial role in the partnership business. The Partnership Act is vital in ensuring that all business partnerships are legally binding and are conducted according to a specific set of rules.
The act ensures that every partner has an equal say in the decision-making process. This is important because it helps to prevent conflicts between the partners and helps to ensure that all partners are treated equally. This is particularly important in smaller businesses where there are only a few partners. By establishing a set of rules that all partners must follow, the Partnership Act ensures that everyone is on the same page and working towards the same goals.
Another important role of the Partnership Act is to protect the partners' rights. It lays down the rules for sharing profits and losses and ensures that each partner receives a fair share of the profits. It also specifies the responsibilities of each partner and the actions that can be taken against a partner who does not meet their obligations. This ensures that no partner is taken advantage of and that each partner has equal rights and is protected by the law.
The Partnership Act is important in Canada as it regulates the relationship between partners in a business partnership. It ensures that all partners have equal say in the decision-making process, protects the rights of each partner, and provides a set of rules that all partners must follow. By doing this, it ensures that business partnerships are legally binding and are conducted according to a specific set of rules.
To know more about Partnership Act visit:
https://brainly.com/question/30870606
#SPJ11
You may pay $18.000 for an annuity that pays $3000 per year for the next 12 years. You want a real rate of return of 5%, and you estimate inflation will average 6% per year Should you buy the annuity?
Considering the desired real rate of return and estimated inflation, it appears advantageous to buy the annuity as the present value exceeds the cost.
To determine whether you should buy the annuity, we need to consider the real rate of return and the effect of inflation.
First, let's adjust the real rate of return by accounting for inflation. Since you desire a real rate of return of 5%, and the estimated average inflation rate is 6%, the nominal rate of return would need to be 11% (5% + 6%) to maintain the desired real return.
Next, we can calculate the present value of the annuity using the formula for the present value of an ordinary annuity. The present value can be calculated as follows:
PV = C × (1 - (1 + r)^(-n)) / r
Where:
PV = Present Value
C = Cash flow per period ($3,000 per year)
r = Discount rate (11% or 0.11)
n = Number of periods (12 years)
By plugging in the values, we get:
PV = $3,000 × (1 - (1 + 0.11)^(-12)) / 0.11 ≈ $19,243.60
Comparing the present value ($19,243.60) with the cost of the annuity ($18,000), we can see that the present value is higher.
Therefore, considering the desired real rate of return and estimated inflation, it appears advantageous to buy the annuity as the present value exceeds the cost.
Learn more the present value from the link
https://brainly.com/question/30390056
#SPJ11
Crane Corporation was formed five years ago through an initial public offering (IPO) of common shares. Daniel Brown, who owns 15% of the common shares, was one of the organizers of Crane and is its current president. The company has been successful, but it is currently experiencing a shortage of funds. On June 10, 2020, Daniel Brown approached the Hibernia Bank, asking for a 24-month extension on two $35,300 notes, which are due on June 30, 2020, and September 30, 2020. Another note for $6,600 is due on March 31, 2021, but he expects no difficulty in paying this note on its due date. Brown explained that Crane's cash flow problems are due primarily to the company's desire to finance a $298,000 plant expansion spent evenly over the next two fiscal years through internally generated funds. The plant expansion will be used in operations following the completion of the construction in 2023. The commercial loan officer of Hibernia Bank requested financial reports for the past two fiscal years. These reports are reproduced below.
Cash
$18,680
$12,700
Notes receivable
147,520
136,400
Accounts receivable (net)
132,040
122,300
Inventories (at cost)
106,920
50,400
Plant and equipment (net of depreciation)
1,446,800
1,444,000
Total assets
$1,851,960
$1,765,800
Equity and Liabilities
Share capital-common (126,000 shares Issued)
$1,260,000
$1,260,000
Retained earnings (note 1)
388,040
274,000
Accrued llabllltles
9,160
5,920
Notes payable (current)
77,200
61,680
Accounts payable
117,560
164,200
Total equity and liabilities
$1,851,960
$1,765,800
Note 1: Cash dividends were paid at the rate of $1 per share in fiscal year 2019 and $2 per share in fi
CRANE CORPORATION
Income Statement For the Fiscal Years Ended March 31
2020
2019
Sales
$3,002,200
$2,699,000
Cost of goods sold (note 2)
1,530,600
1,427,000
Gross margin
$1,471,600
$1,272,000
Operating expenses
860,000
778,000
Income before Income tax
$611,600
$494,000
Income tax (30%)
183,480
148,200
Net Income
$428,120
$345,800
Note 2: Depreciation charges on the plant and equipment of $102,000 and $104,550 for fiscal years 2020, respectively, are Included in cost of goods sold.
Additional Information:
2020
2019
1. Cash flows from operating activities
$459,000
$350,000
2. Capital expenditures for the year
128,000
110,000
1. Earnings per share for fiscal years 2019 and 2020. Round to the nearest cent
.2. Payout ratio for fiscal years 2019 and 2020. Round to one decimal place.
7. Debt to total assets for fiscal years 2019 and 2020. Round to one decimal place.
Expert Answer
The earnings per share for fiscal years 2019 and 2020 (rounded to the nearest cent) are as follows:2019: $345,800/126,000 shares= $2.74 per share2020: $428,120/126,000 shares.
= $3.40 per share The payout ratio for fiscal years 2019 and 2020 (rounded to one decimal place) are as follows:2019: $1 per share dividend/$2.74 earnings per share = 0.365 or 36.5%2020:
$2 per share dividend/$3.40 earnings per share = 0.588 or 58.8% The debt to total assets for fiscal years 2019 and 2020 (rounded to one decimal place) is as follows:
2019: Total liabilities/Total assets= $341,720/$1,765,800= 0.193 or 19.3%2020: Total liabilities/Total assets= $204,920/$1,851,960= 0.111 or 11.1%.
To know more about shares visit:
https://brainly.com/question/3317299
#SPJ11
Required information The following information applies to the questions displayed below] Onslow Company purchased a used machine for $144,000cash on January 2 On January 3 , Onslow paid $8,000 to wire electricity to the machine. Ohslow paid an additiona1 $1.600 on January 4 to secure the machine for operation The machine will be used for six years and have a $17,280 salvage value. Straight-line depreciation is used. On Decernber 37 . at the end of its fifth year in operations, it is disposed of Prepare journal entries to record the machine's disposal underieach separate situation (a) it is sold for 524000cash and id is old for $96,000 cash. Journal entry worksheet Record the sale of the used machine for $24,000 cash. Note: Enter debits before credits. Record the sale of the used machine for $96,000 cash. Note: Enter debits before credits.
For the sale of the used machine for $24,000 cash:
Debit Accumulated Depreciation, Machine; Debit Cash; Credit Machine; Credit Gain on Disposal of Machine.
For the sale of the used machine for $96,000 cash:
Debit Accumulated Depreciation, Machine; Debit Cash; Credit Machine; Credit Loss on Disposal of Machine.
Journal Entry for the Sale of Used Machine for $24,000 Cash:
Date: December 31
Debit: Accumulated Depreciation - Machine (5 years * $24,720 per year)
Debit: Cash ($24,000)
Credit: Machine (Cost - Accumulated Depreciation)
Credit: Gain on Disposal of Machine ($4,320)
Explanation: The accumulated depreciation is calculated by subtracting the salvage value ($17,280) from the total cost of the machine ($144,000). Since the machine was used for five years, the annual depreciation expense is $24,720 ($144,000 - $17,280) divided by 6 years. The difference between the cash received ($24,000) and the book value of the machine ($17,280) creates a gain on disposal of $4,320. Therefore, the accumulated depreciation and machine accounts are adjusted, while cash and the gain on disposal of machine accounts are credited.
Journal Entry for the Sale of Used Machine for $96,000 Cash:
Date: December 31
Debit: Accumulated Depreciation - Machine (5 years * $24,720 per year)
Debit: Cash ($96,000)
Credit: Machine (Cost - Accumulated Depreciation)
Credit: Loss on Disposal of Machine ($34,080)
Explanation: Similar to the previous entry, the accumulated depreciation is calculated, and the annual depreciation expense remains the same. However, in this case, the cash received ($96,000) is less than the book value of the machine ($17,280), resulting in a loss on disposal of $34,080. The accounts are adjusted accordingly, with accumulated depreciation and machine accounts debited, and cash and loss on disposal of machine accounts credited.
Learn more about machine accounts here:
https://brainly.com/question/16464801
#SPJ11
supermarket, or an approval percentage), a visual presentation such as a bar chart, a line graph, or a scatterplot is often a better choice when conveying multiple related points in a dataset, such as average reviews for multiple products, stock values over time, or the relation between income and years of experience in a job. this idea of data-driven pictures is called visualization and is defined as the graphical representation of data to amplify cognition
the question is that when presenting multiple related points in a dataset, such as average reviews for multiple products or stock values over time, using a visual presentation like a bar chart, line graph, or scatterplot is often a better choice than using text or numbers alone.
This is because visualizations can enhance our understanding of the data and make it easier to spot patterns, trends, and relationships. Visualization is the graphical representation of data that aims to amplify cognition, or our ability to perceive and understand information. It involves creating visual representations of data using various graphical elements, such as bars, lines, or dots. These visual elements convey the values and relationships within the data in a way that is easier for our brains to process and interpret.
In summary, visualization is a powerful tool for presenting and understanding data. It allows us to convey complex information in a clear and concise manner, making it easier to analyze patterns, trends, and relationships within the data. Whether it's through bar charts, line graphs, scatterplots, or other visualizations, using data-driven pictures can enhance our cognitive abilities and help us make more informed decisions based on the data.
To know more about stock visit:
https://brainly.com/question/31940696
#SPJ11
on which side of the size-up triangle would you find time factors and weather
The side of the size-up triangle where you would find time factors and weather is the bottom side of the triangle.
The bottom side of the size-up triangle is where you will find factors that can change rapidly and suddenly, including weather and time factors. Hence, weather and time factors play a significant role in firefighting.
Size-up triangle:
The size-up triangle is used by firefighters to assess a situation quickly. It is an essential tool for incident commanders when developing strategies and tactics for fighting a fire. The size-up triangle has three sides: Building, Fire, and People. The Building side considers the type of building, occupancy, and layout.
The Fire side analyzes the fire's size, location, and the resources needed to control it. Lastly, the People side takes into account the number, condition, and location of occupants.
Hence, a fire commander or firefighter should keep all these factors in mind while performing a firefighting operation, and the time factors and weather can significantly impact the strategy to fight the fire.
Therefore, firefighters should be trained to consider all the sides of the triangle when approaching a fire to ensure their safety and effectiveness.
Learn more about the firefighters from the given link-
https://brainly.com/question/28436633
#SPJ11
You purchased a $1,000 bond with a coupon rate of 6 % on January 1, 2021 for $910. On the same date you also purchased a share of ABC Inc for $85. During 2021 you received a dividend of $2.35 on the ABC share. It is now January 1, 2022 and the bond is selling for $980 and the ABC share is worth $90.
Required, round all answers to two decimal points. Show all calculations in the space provided below or submit your calculations to the Drop Box in the Assignments area:
What was your total dollar return on the bond over the past year? (2 marks)
What was your total nominal return on the bond over the past year? (2 marks)
If the inflation rate last year was 4 %, what was your total real rate of return on the bond? (2 marks)
Compute the total percentage return on the ABC share. (2 marks)
What was the dividend yield on the ABC share. (2 marks)
What was the capital gain yield on the ABC share.
1. Total dollar return on bond= $960 – $910 = $50.
2. Nominal return = $60/$910 = 6.59%.
3. Inflation rate= 4%. Real return on bond= (1 + 0.0659) / (1 + 0.04) – 1 = 2.47%.
4. Total return on ABC share = ($90 – $85) + $2.35 = $7.35. Percent return = $7.35/$85 × 100 = 8.65%.
5. Dividend yield = $2.35/$85 × 100 = 2.76%.
6. Capital gain yield = ($90 – $85) / $85 × 100 = 5.88%.
To know more about Real return on bond visit:
https://brainly.com/question/33254996.
#SPJ11
Briefly describe a situation where you would want to use centralized decision making. Briefly describe a situation where decentralized decision making would be best? (3 points) (2) Compare and contrast what happens to a business when there are huge amount of business debts/losses incurred to affect the liabilities of owners if the business is a (a) Sole Proprietorship, (b) Partnership, (c) Corporation?
(1)Centralized decision-making: Centralized decision-making refers to the act of keeping all decision-making power within a single group. Centralized decision-making is beneficial in situations where there is a need to move quickly, such as in times of crisis. It is especially important in larger organizations where communication between departments may be difficult.
Decentralized decision-making: Decentralized decision-making is when power is spread out among a group of people, such as the managers or team leaders of different departments. Decentralized decision-making can be useful in smaller businesses where communication is easy and team members have a clear understanding of their roles and responsibilities. In this case, employees are given a certain level of autonomy to make decisions. For example, smaller retail shops and restaurants are often operated in this manner.
(2) When a business incurs large amounts of debt or losses, the liabilities of its owners are affected. The way in which the owners are affected is dependent on the type of business they operate. Let's take a look at the three most popular business types:
Sole Proprietorship: A sole proprietorship is a business owned by a single person, who is liable for all debts incurred by the business. When a sole proprietorship goes into debt, the owner's personal assets can be seized to pay off those debts.
Partnership: Partnerships are businesses owned by two or more people. They share the profits and losses of the business and are also liable for any debts incurred. If a partnership goes into debt, the partners are personally responsible for paying off the debt.
Corporation: A corporation is a separate legal entity that is responsible for its own debts. This means that the owners of a corporation, called shareholders, are not personally responsible for the corporation's debts.
Learn more about Sole Proprietorship: https://brainly.com/question/1428023
#SPJ11
Q.1.1.2 difference between A peril and a hazard? and examples?
Q.1.1.3 difference between Priori probabilities and subjective probabilities? and examples?
Q.1.2 Principle two of King I report states that the board of directors and managers should ensure that through a managed and effective process, board appointments are made that provide a mix of proficient directors, each of whom is able to add value and to bring independent judgement to bear on the decision-making process.
Describe how this principle is important in risk management?
Q.1.3 Describe the importance of the concept of risk during the business management planning process?
A peril is the probability of an unexpected and undesirable event happening. In other words, it is an event that causes a loss or damage.
For example, floods, earthquakes, A hazard, on the other hand, is anything that has the p fires, and tornadoes are all examples of perilsotential to cause harm, whether it is human error, a substance, a natural phenomenon, or something else. For example, slips and falls, car accidents, fires caused by cooking, and natural disasters are all examples of hazards.
However, the way we respond to a hazard is determined by the probability of an adverse event taking place. The key distinction between priori and subjective probabilities is that the former is purely mathematical, whereas the latter is informed by personal opinion and experience. Priori probabilities are a category of probabilities that can be calculated using logic or statistical analysis.
They are frequently determined before any relevant data is collected and are based on knowledge and understanding of the situation in question. For example, the probability of flipping a coin and getting heads is 0.5, and it is based on priori probabilities.
It is because the business is inherently linked with risk. It's possible that a business will fail due to poor risk management, even if it has a good plan. Therefore, the first step in the business planning process should be to identify and assess the risks associated with the company. Identifying and assessing these risks will enable you to manage them more effectively, minimizing the possibility of a negative outcome.
To know more about unexpected visit:
https://brainly.com/question/24007143
#SPJ11
)What role does local law play in your ability to open
up a business in a location in Canada? (5 points)
Local law in Canada governs business licensing, zoning, health and safety, employment, and taxation, crucial for legal operation and compliance.
The local law in Canada plays a crucial role in the ability to open a business in a specific location. Here are five key points highlighting the role of local law:
1. Business Licensing: Local law governs the process of obtaining the necessary licenses and permits required to operate a business legally. Compliance with local licensing regulations is essential to avoid penalties and ensure legitimacy.
2.Zoaning and Land Use: Local law determines the permitted land uses and zoning restrictions in a specific area. It is important to understand the zoning regulations to ensure the business aligns with the designated land use and is located in an appropriate zone.
3. Health and Safety Regulations: Local laws establish health and safety standards that businesses must adhere to. These regulations cover various aspects, such as workplace safety, hygiene, food handling, and environmental protection.
4. Employment Laws: Local labor laws dictate the rights and obligations of employers and employees, including minimum wage, working hours, overtime, and employment contracts. Compliance with these laws is crucial to maintain a fair and lawful working environment.
5. Taxation and Financial Regulations: Local laws govern taxation requirements, such as income tax, sales tax, and payroll taxes. Understanding and adhering to the local tax laws is essential for proper financial management and compliance with reporting obligations.
Overall, local laws provide the legal framework within which businesses operate in Canada, ensuring compliance with various regulations related to licensing, land use, health and safety, employment, and taxation. It is crucial for entrepreneurs to familiarize themselves with the local laws to successfully establish and operate their businesses.
Learn more about local law here:
https://brainly.com/question/32587423
#SPJ11
A company reported the following financial data for 2024 and 2023: 2024 2023 sales $ 307,000 $ 302,000 sales returns and allowances 7,400 5,100 net sales $ 299,600 $ 296,900 cost of goods sold: inventory, january 1 47,000 21,000 net purchases 144,000 138,000 goods available for sale 191,000 159,000 inventory, december 31 71,000 47,000 cost of goods sold 120,000 112,000 gross profit $ 179,600 $ 184,900 the gross profit ratio in 2024 is:
The gross profit ratio in 2024 can be calculated by dividing the gross profit by the net sales and multiplying the result by 100 to express it as a percentage.
In 2024, the net sales were $299,600 and the cost of goods sold was $120,000. Therefore, the gross profit for 2024 can be calculated as follows: Gross profit = Net sales - Cost of goods sold,$179,600. Next, we can calculate the gross profit ratio by dividing the gross profit by the net sales and multiplying the result by 100: Gross profit ratio = (Gross profit / Net sales) * 100, 59.96%. Therefore, the gross profit ratio in 2024 is approximately 59.96%.
The gross profit ratio is a measure of a company's ability to generate profit from its sales after deducting the cost of goods sold. It indicates the percentage of each sales dollar that represents profit. In this case, the gross profit ratio of approximately 59.96% suggests that for every dollar of sales in 2024, the company earned a gross profit of about 59.96 cents. This can be used to assess the company's profitability and compare it to previous years or industry benchmarks.
To know more about gross profit visit:
https://brainly.com/question/29064762
#SPJ11
Teating how a problem noivition reacls to changes in one or more of the model parameters is called: Movite Carlo eगpet Sensitivity analysin Hawthome effect Sub-optimization Equation balancing QUESTION 2 The term sub-optimization is best described as the Limitations on decision-making caused by costs and time Result of fallure to adhere to the steps in the decision process Result of ignoring symptoms of the problem Mathematical optimization that rounds down to the nearest $100,000 Result of individual departments making the best decisions for their own areas
The technique of testing how a problem's motivation reaches to changes in one or more of the model parameters is called sensitivity analysis.
It is a general term used to describe a variety of statistical techniques that show how different values of an independent variable affect a specific dependent variable under a defined set of assumptions or conditions.In an effort to explore the various sources of uncertainty or model error in a given situation, sensitivity analyses are frequently employed to provide a measure of how sensitive the model output is to changes in model inputs.
Sensitivity analysis, as a result, is a useful tool for identifying key variables that can have a significant impact on the results of an analysis, allowing decision-makers to determine where additional research or data gathering may be necessary.
Sub-optimization refers to the act of making decisions that, while beneficial to one department or component of a larger system, are ultimately detrimental to the system as a whole.
To know more about technique visit:
https://brainly.com/question/31609703
#SPJ11
Describe the potential risks associated with certain automated transactions that involve credit card information.
To mitigate these risks, it is important for organizations to implement robust security measures, such as encryption, tokenization, multi-factor authentication, and regular security audits to protect credit card information and prevent unauthorized access.
Potential risks associated with automated transactions involving credit card information include:
1. Unauthorized access: Hackers or malicious actors may gain unauthorized access to the automated transaction system, leading to the theft of credit card information.
2. Data breaches: Automated transaction systems may be vulnerable to data breaches, where a large amount of sensitive credit card information is stolen or compromised.
3. Fraudulent transactions: If credit card information is intercepted or obtained through unauthorized means, it can be used to make fraudulent transactions, leading to financial loss for the cardholder.
4. Identity theft: Stolen credit card information can be used to commit identity theft, where the thief impersonates the cardholder and engages in various fraudulent activities.
5. Lack of security measures: Inadequate security measures in automated transaction systems can make them susceptible to attacks, increasing the risk of credit card information being compromised.
learn more about credit card here:
https://brainly.com/question/31598744
#SPJ11
8. What are the typical main functions of a central bank? 9. Identify and describe the tests under which a client can become an elective professional client. In addition, suggest why you would want to have this status. 10. Briefly explain the four-yield curve theories which suggests the curve is not flat.
8. The typical main functions of a central bank are: - Monetary policy: Formulating and implementing policies to control money supply, interest rates, and inflation.
- Currency issuance: Managing the issuance and distribution of currency and ensuring its stability.
- Banker to the government: Acting as a fiscal agent for the government, conducting auctions of government bonds, and managing public debt.
- Banker to commercial banks: Providing services to commercial banks, such as maintaining reserve requirements and acting as a lender of last resort.
- Financial stability: Supervising and regulating banks and financial institutions to maintain overall stability in the financial system.
- Exchange rate management: Managing foreign exchange reserves and influencing exchange rates to support economic goals.
9. The tests for a client to become an elective professional client depend on regulations and may vary between jurisdictions. Generally, a client can qualify as an elective professional client if they meet specific criteria, such as:
- Sufficient experience: Having a certain level of experience in the financial industry.
- Sufficient knowledge: Possessing knowledge of the products or services being offered.
- Sufficient assets: Meeting certain financial thresholds for investment.
- Requesting professional status: Voluntarily requesting to be treated as a professional client.
Having elective professional client status can offer certain benefits, such as:
- Access to a wider range of investments and services.
- Potentially lower costs or fees associated with transactions.
- Fewer regulatory protections and disclosures, allowing for more flexibility and tailored services.
10. Four yield curve theories that suggest the curve is not flat are:
- Expectations theory: States that the shape of the yield curve reflects market participants' expectations of future interest rates. If investors expect rates to rise, the curve may be upward sloping.
- Liquidity preference theory: Argues that investors generally prefer shorter-term investments due to the lower risk and higher liquidity they offer. This preference can lead to an upward sloping yield curve.
- Market segmentation theory: Suggests that the yield curve is determined by the supply and demand dynamics of different maturity segments of the bond market. If demand is higher for a specific maturity segment, its yield may be lower, causing the curve to slope.
- Preferred habitat theory: Proposes that investors have preferred maturity segments but may be willing to move outside their preferred "habitat" if compensated with higher yields. This theory suggests that the yield curve can have different shapes depending on the preferences of investors.
These theories challenge the assumption of a flat yield curve and highlight the various factors that can influence its shape.
Learn more about central bank here:
https://brainly.com/question/33035403
#SPJ11
On 1 July 2023, Pizza Ltd purchased 30% of the shares of Pie Ltd for $400 000. At this date, the Balance Sheet of Pie Ltd were as follows. Assets 1 450 000 Capital 980 000 Less Liabilities 270 000 Retained earnings 130 000 Other reserves 70 000 Net assets $1 180 000 Total equity $1 180 000 At 1 July 2023, all the identifiable assets and liabilities of Pie Ltd were recorded at fair value except for plant whose fair value was $40 000 greater than carrying amount. This plant has an expected future life of 5 years, the benefits being received evenly over this period. Dividend revenue is recognised when dividends are declared. The tax rate is 30%. The results of Pie Ltd was as follows. 30 June 2024 Profit/(loss) before income tax $650 000 Income tax 200 000 Profit/(loss) 450 000 Dividend declared and paid 90 000 Prepare, the acquisition analysis to calculate goodwill.
In journal entry format, prepare the consolidation worksheet adjustments for the year ending 30 June 2024, the equity-accounted consolidation worksheet adjustments to include the results for the associate, Pie Ltd, in the consolidated financial statements of Pizza Ltd. 12 marks
The consolidation worksheet adjustments for the year ending 30 June 2024 include the calculation of goodwill and adjustments for inventory, property, plant and equipment, retained earnings, other reserves, and liabilities.
Journal entry: Calculation of Goodwill:
Particulars Amount ($)
Purchase price ($400,000*100/30) 1,333,333.33
FV of net assets 1,180,000
Less: FV adjustment for plant (40,000.00)
Fair value of net assets 1,140,000
Goodwill 193,333.33
Consolidation worksheet adjustments for the year ending 30 June 2024:
Particulars Pie Ltd ($) Adjustment ($) Carrying amount ($) Fair Value ($)
Inventory 400,000 - 400,000
Property, plant, and equipment 900,000 40,000 940,000
Retained earnings 130,000 195,000 325,000
Other Reserves 70,000 - 70,000
Liabilities 270,000 - 270,000
Total 1,770,000 235,000 2,005,000
Calculation:
Inventory adjustment = 30% * $1,450,000 = $435,000
Fair Value of Inventory = $400,000
Property, plant, and equipment adjustment = 30% * $900,000 = $270,000
FV of plant = $40,000 > carrying amount of $900,000
FV adjustment for plant = $40,000
Retained earnings adjustment = 30% * $130,000 = $39,000
Retained earnings balance in Pie Ltd's balance sheet = $130,000
Add: Dividends paid by Pie Ltd (-90,000)
Less: Share of profit in Pie Ltd's income statement (-450,000)
Retained earnings in associate's balance sheet = (-410,000)
Retained earnings adjustment = (30% * $410,000) = $123,000
Other Reserves adjustment = $70,000
Liabilities adjustment = $270,000
Total adjustment = $235,000 (addition to consolidated worksheet)
Therefore, the required Consolidation worksheet adjustments for the year ending 30 June 2024 are:
- Inventory: Dr. Inventory $35,000
Cr. Investment in associate $35,000
- Property, plant and equipment: Dr. Property, plant, and equipment $40,000
Cr. Investment in associate $40,000
- Retained earnings: Dr. Retained earnings $123,000
Cr. Investment in associate $123,000
- Other reserves: Dr. Other reserves $70,000
Cr. Investment in associate $70,000
- Liabilities: Dr. Investment in associate $270,000
Cr. Liabilities $270,000
Learn more about liabilities
https://brainly.com/question/14921529
#SPJ11
The Central Bank mandates a "reserve ratio" of \( 1.25 \% \). A commercial bank receives a new deposit of \( \$ 2,000 \) from a customer who had it stored under their mattress for years. If the commer
The Central Bank requires commercial banks to have a "reserve ratio" of 1.25 percent. When a commercial bank receives a new deposit of $2,000 from a client who has had it under their mattress for years.
The reserve ratio, also known as the reserve requirement, is the amount of money that commercial banks must keep in reserve with the Central Bank. It is an essential tool for controlling the country's money supply, which affects the economy's overall health. The Central Bank mandates this requirement because it wants to make sure that banks have enough money in reserve to meet their financial obligations to their clients if necessary.
Now, let's see how the Central Bank's mandated reserve ratio of 1.25 percent relates to the $2,000 deposit from the customer. The bank will hold a portion of this deposit in reserve, as per the Central Bank's requirements. It will lend out the remainder of the money to make a profit on interest. Since the reserve ratio is 1.25 percent, the bank must keep 1.25 percent of the deposit in reserve and lend out the remaining 98.75 percent.
To know more about mandates visit:
https://brainly.com/question/32096171
#SPJ11
exists when a functional dependence exists among nongrime artnbutes. 3. tirnatite dependency b. partial dependency c. atomic attribute d.repeating group Choose a data type for a five-digit Zip code Choose the best answer 3. SMALINT b. DECMAAL c. CHAR d. VARCHAR
A partial dependency exists when a functional dependence exists among nongrime artnbutes. The correct answer is b. partial dependencyA partial dependency occurs when a non-prime attribute in a table relies on only part of the primary key rather than the entire primary key.
A functional dependence is a relationship between attributes where one attribute's value determines another attribute's value.The correct data type for a five-digit Zip code is CHAR. This is because the Zip code is a sequence of five characters of which the leading 0's are significant.
The CHAR data type is used to store fixed-length character strings. It has a fixed size which is specified during the declaration. The size cannot be changed once the data is stored.Therefore, the answer to the question is b. partial dependency. Choose the best answer for a five-digit Zip code is CHAR.
To know more about partial visit:
https://brainly.com/question/33588258
#SPJ11