Answer:
UberEATS is on a mission to make eating well effortless for everyone, everywhere. Our service connects customers to Uber-speed delivery from restaurants in over 80 cities around the world. We give people more options when choosing how to eat. We help restaurants reach more customers and build their businesses.
Explanation:
Mark me as brainliest please
Bramble, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $11,500. Bramble will group the CDs into three price categories for resale, as indicated below.
Group No. of CDs Price per CD
1 100 $5
2 800 10
3 100 15
Determine the cost per CD for each group, using the relative sales value method.
Answer:
determine the cost per CD for each group using tsv method
If contracting parties attach materially different meanings to a contract word or term subject to more than one reasonable interpretation, the contract is void. a. True b. False
Answer:
True
Explanation:
A contract is a professional document with the set of guidelines and regulations for a business when there is a partnership between two or more people, and that should be a parameter instrument for the effectiveness of a business and compliance with the current legislation.
Every contract must be drafted in a clear and objective manner, with equal rights and obligations for all members and in such a way as not to give scope for different interpretations or clauses that benefit someone. Therefore, it is correct to state that if the contracting parties assign different meanings to words or a contractual term that gives rise to more than one interpretation, the contract will be void.
A manufacturing company had a balance in Finished Goods inventory of $200,000 on 12/31/2011. During 2012, the company transferred $1,000,000 of costs from Work in Process to Finished Goods. A count of inventory at the end of the year revealed a balance in Finished Goods of $400,000 at 12/31/2012. What was Cost of Goods Sold during 2012
Answer:
the cost of goods sold during the year 2012 is $800,000
Explanation:
The computation of the cost of goods sold is shown below;
Costs of Goods Sold during 2012 is
= Transferred from Work in Process + Beginning Inventory - Ending Inventory
= $1,000,000 + $200,000 - $400,000
= $800,000
Hence, the cost of goods sold during the year 2012 is $800,000
Whitney Company had no units in process at the beginning of the month. During the month 8,000 new units were started, 6,000 of these were completed but 2,000 were still in process at the end of the month. The units still in process were 100% complete as to materials but only 30% complete as to conversion costs. The cost of materials used in production during the month was $20,800 and the costs of labor and overhead were $30,360. If Whitney Company uses process costing, the total cost of making a unit of product during this month rounded to the nearest cent is:
Answer:
$7.20
Explanation:
Units % Mat. EUP- Mat. % Conv. EUP- Conv.
Units completed & 6000 100% 6000 100% 6000
transferred out
Units in ending inventory 2000 100% 2000 30% 600
Equivalent units of production 8000 6600
Cost per Equivalent Unit of Production
Materials Conversion Total
Beginning costs - - -
During the month costs $20,800 $30,360
Total cost $20,800 $30,360
÷ Equivalent units of production 8.000 6,600
Cost per equivalent unit $2.60 $4.60 $7.20
of production
Use the following information to determine this company's cash flows from financing activities.
a. Net income was $465,000.
b. Issued common stock for $73,000 cash.
c. Paid cash dividend of $18,000.
d. Paid $130,000 cash to settle a note payable at its $130,000 maturity value.
e. Paid $118,000 cash to acquire its treasury stock.
f. Purchased equipment for $93,000 cash.
Answer: Net cash used/ spent was $193,000
Explanation:
Cash from Financing activities involves cash transactions in relation to Equity (including dividends paid) and long term debt as these are the chief providers of cash to finance the business.
Cash from financing activities is:
= Issuance of common stock - Dividend - Settlement of Note payable - Treasury stock purchase
= 73,000 - 18,000 - 130,000 - 118,000
= -$193,000
Match the accounting terms with the corresponding definitions.
1. Specific Identification
2. Materiality Concept
3. Last- In, First-Out (LIFO)
4. Conservatism
5. Consistency Principle
6. Weighted-Average
7. Disclosure Principle
8. First-In, First-Out (FIFO)
a. Treats the oldest inventory purchases as the first units sold.
b. Requires that a company report enough information for outsiders to make knowledgeable decisions.
c. Identifies exactly which inventory item was sold. Usually used for higher cost inventory.
d. Calculates a weighted average cost based on the cost of goods available for sale and the number of units available.
e. Principle whose foundation is to exercise caution in reporting financial statement items.
f. Treats the most recent/ newest purchases as the first units sold.
g. Businesses should use the same accounting methods from period to period.
h. Principle that states significant items must conform to GAAP.
Answer:
FIFO - Treats the oldest inventory purchases as the first units sold.
Disclosure Principle - A company should report enough information for outsiders to make informed decisions about the company
Specific Identification - c. Identifies exactly which inventory item was sold. Usually used for higher cost inventory.
Weighted-Average - Calculates a weighted average cost based on the cost of goods available for sale and the number of units available.
Principle whose foundation is to exercise caution in reporting financial statement items. - Conservatism
f. Treats the most recent/ newest purchases as the first units sold. - LIFO
consistency principle = g. Businesses should use the same accounting methods from period to period.
Principle that states significant items must conform to GAAP. - Materiality
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
Oscarson Midwifery's cost formula for its wages and salaries is $1,580 per month plus $315 per birth. For the month of September, the company planned for activity of 133 births, but the actual level of activity was 127 births. The actual wages and salaries for the month was $41,085. The wages and salaries in the planning budget for September would be closest to:
Answer:
$43,475
Explanation:
Planned wages and salaries = $1,580 + $315 x 133 births
= $43,475
The wages and salaries in the planning budget for September would be closest to: $43,475
Austin Corporation, a U.S. corporation, received the following investment income during the current year: $50,000 of dividend income from ownership of stock in a French corporation, $20,000 interest on a loan to its Dutch subsidiary, $40,000 royalty from its 50 percent owned Irish venture, and $30,000 capital gain from sale of its stock in a Brazilian corporation. How much of Austin's income is treated as foreign source
Answer:
Austin's income is treated as a foreign source $110,000
Explanation:
The computation of the amount of income treated as the foreign source is given below;
Dividend income arise from the ownership of stock in a French corporation $50,000
Add: Interest on a loan to its Dutch subsidiary $20,000
Add: Royalty from its 50 percent owned Irish venture $40,000
Austin's income is treated as a foreign source $110,000
Terps Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 Assets Cash $ 440,000 $ 200,000 Short-term investments 600,000 — Accounts receivable (net) 1,020,000 1,020,000 Inventory 1,380,000 1,200,000 Long-term investments 400,000 600,000 Plant assets 3,400,000 2,000,000 Accumulated depreciation (900,000) (900,000) Patent 180,000 200,000 Total assets $6,520,000 $4,320,000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $1,660,000 $1,440,000 Notes payable (nontrade) 580,000 — Common stock, $10 par 1,600,000 1,400,000 Additional paid-in capital 800,000 500,000 Retained earnings 1,880,000 980,000 Total liabilities and stockholders' equity $6,520,000 $4,320,000 Information relating to 2021 activities: Net income for 2021 was $1,500,000. Cash dividends of $600,000 were declared and paid in 2021. Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2021 for $360,000. A long-term investment was sold in 2021 for $320,000. There were no other transactions affecting long-term investments in 2021. 20,000 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by 2021 financing activities was
Answer:
$480,000
Explanation:
Cash-flow from Financing Activities
Particulars Amount
Due to change in notes payable $580,000
Due to change in common stock $500,000 (20000*$25)
Payment of common dividends ($600,000)
Net cash provided by financing activities $480,000
On January 1, 2021, Tabitha Designs purchased a patent for $384,000 giving it exclusive rights to manufacture a new type of synthetic clothing. While the patent had a remaining legal life of 15 years at the time of purchase, Tabitha expects the useful life to be only eight more years. In addition, Tabitha purchased equipment related to production of the new clothing for $149,000. The equipment has a physical life of 10 years, but Tabitha plans to use the equipment only over the patent's service life and then sell it for an estimated $39,000. Tabitha uses straight-line for all long-term assets. The amount to expense in 2024 related to the patent and equipment should be: _________
Answer:
$61,750
Explanation:
Amortization expenses per year = Purchase Cost of Patent/Useful life of the Assets
Amortization expenses per year = $384,000/8 years
Amortization expenses per year = $48,000
Net Value for Depreciation = Purchase Cost of Machine - Salvage Value
Net Value for Depreciation = $149,000 - $39,000
Net Value for Depreciation = $110,000
Depreciation per year = Net Value for Depreciation/Useful life of the Assets
Depreciation per year = $110,000 / 8 years
Depreciation per year = $13,750
The amount to expense in 2024 related to the patent and equipment should be:
Amortization expenses = $48,000
Depreciation expenses = $13,750
Total $61,750
One of the major challenges facing companies today is to keep the customers they already have since there are fewer customers to go around. Changing demographics, sophisticated competitors, and overcapacity in many industries are some of the reasons for this. As a result:_________
a. the costs of maintaining existing customers are declining.
b. the costs of attracting new customers are declining.
c. the cost of giving incentives to existing customers all the time is low.
d. the costs of attracting new customers are rising.
Answer: d. the costs of attracting new customers are rising.
Explanation:
Due to the fact that companies always want to keep their old customers and ensure customer loyalty, they try as much as possible to satisfy them and meet their needs.
Due to this reason, the cost of attracting new customers are high. Companies go through a lot of processes to get new customers such as promotion, advertisement to attract new customers etc. The cost involved are typically high.
One of the aftereffects of keeping the customers which companies already have is:
D. The costs of attracting new customers are rising.According to the given question, we are asked to show the aftereffects of keeping the customers which companies already have and the effects of changing demographics, sophisticated competitors, and overcapacity.
As a result of this, we can see that these companies try their best to keep their customers and this would lead to more ads, promotion, marketing, branding, etc which would increase the costs of attracting new customers
Therefore, the correct answer is option D
Read more here:
https://brainly.com/question/21629547
Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $432,605, would have a useful life of 7 years, and would have no salvage value. The tractor-trailer would be used in the company's hauling business, resulting in additional net cash inflows of $77,500 per year. The internal rate of return on the investment in the tractor-trailer is closest to (Ignore income taxes.):____.
a. 15%.
b. 54%.
c. 17%.
d. 12%.
Answer:
6%
Explanation:
The computation of the internal rate of return is shown below:
We know that
Initial investment = Annual cash inflows × PVIFA factor (rate,nper)
$432,605 = $77,500 × PVIFA(rate,7)
PVIFA(rate,7) = $432,605 ÷ $77,500
PVIFA (rate,7) = 5.582
Now we use the PVIFA table
So here the rate that should be considered is 6%
A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value of an annulty factor at 6% for 6 years is 4.9173. The present value of a single sum at 6% for 6 years is 7050. Each annual payment equals $75,200. The present value of the note is: M
a. $369,780.96.
b. $15,292.95.
c. $451,200.00
d. $45,878.84.
e. $106,666.67
Answer:
A
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow each year from year 1 to 6 = $75,200
I = 6%
PV = $369,780.96.
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
What is the relationship between an emergency fund and credit/loans
Answer:
Explanation:
Assets in an emergency fund tend to be cash or other highly liquid assets. This reduces the need to either draw from high-interest debt options, such as credit cards or unsecured loans, or undermine your future security by tapping into retirement funds.
An emergency fund is where you save money for unexpected expenses. Using credit/loans is when you borrow money for stuff, but you have to pay back monthly payments.
Which task is common to both restaurant and lodging workers, but not to recreation workers?
handling money
taking reservations
motivating and teaching
preparing food and drink
Answer:
Its D
Explanation:
∡∡∡ I took the test ∡∡∡
In response to the 2008 recession, the United States Federal Reserve enacted Quantitative Easing 1 and 2. The main purpose of these two rounds of quantitative easing was to increase the U.S. money supply. Suppose quantitative easing succeeded in increasing the U.S. monetary supply. How, if at all, should quantitative easing change the following variables? Use the neoclassical aggregate demandâ€"aggregate supply model.
A. U.S. interest rates
B. U.S. exchange rate, in units of foreign currency per U.S. dollar
C. U.S. exports
D. U.S. imports
E. U.S. price level
F. U.S. nominal output
Answer:
A. U.S. interest rates - Quantitative easing lowers interest rates because it increases the money supply, making investment cheaper because more loanable funds are available.
B. U.S. exchange rate, in units of foreign currency per U.S. dollar - quantitative easing would lower the value of the U.S. dollar in terms of foreign currency like Euro or Sterling Pound, due to a higher amount of U.S. dollars units, causing the currency to depreciate against the other currencies.
C. U.S. exports - U.S. exports under quantitative easing would rise due to the lower value of the U.S. dollar. In other words, American goods become cheaper to foreign consumers.
D. U.S. imports - U.S. imports under quantitative easing would decrease because foreign currency becomes more expensive. In other worlds, foreign goods become more costly to American consumers.
E. U.S. price level - Under a quantity theory of money view, more money supply means higher price level or inflation. However, if the economy is in recession, and the quantitative easing is backed by debt securities, the price level is not likely to rise by a lot. This is actually what happened in the U.S. during the recession: the money supply grew by a wide margin, but the price level did not rise nearly as much.
F. U.S. nominal output - Nominal output under quantitative easing will rise because more money in the economy will lower interest rates, boost investment, and raise production in the process.
What is a disadvantage of renting?
Choose all answers that are correct.
You must follow the regulations determined by the landlord.
You build equity.
The house may be sold when you are living there.
The landlord is responsible for maintenance costs.
Leah, Inc., is proposing a rights offering. Presently there are 1,000,000 shares outstanding at $78 each. There will be 100,000 new shares offered at $70 each. a. What is the new market value of the company
Answer:
the new market value of the company is $85,000,000
Explanation:
The computation of the new market value of the company is shown below:
= Number of shares × price per share + new shares × price per share
= 1,000,000 × $78 + $70 × 100,000
= $85,000,000
Hence, the new market value of the company is $85,000,000
We simply applied the above formula so that the correct value could come
A bank has the following balance sheet: SETS RETURN % MILLION $ LIABILITIES COST % MILLION $ Cash 0.00 35 Fixed-rate Deposits 3.5 290 Securities 4.00 300 Variable-rate Deposits 2.00 260 Short-term loans 6.00 225 Fed funds 2.50 75 Long-term fixed rate Loans 6.75 250 Long-term Debt fixed rate 5.50 150 EQUITY 35 Total 810 Total 810 If the spread effect is zero and all interest rates increase 60 basis points, the bank's NII will change by ________over the year. Group of answer choices $700,000 -$1,140,000 $1,140,000 $0 -$700,000
Answer:
$1,140,000
Explanation:
Calculation to determine what the bank's NII will change by
First step is to calculate the bank's one-year repricing gap
Using this formula
Repricing gap=RSAs - RSLs
Where,
RSAs =Securities+Short-term loans
RSLs =Variable-rate Deposits+Fed funds
Let plug in the formula
($ Million)
Repricing gap=[$300 + $225] - [$260 + $75]
Repricing gap=$190
Now let calculate what the bank's NII will change by
Using this formula
Change in bank's NII=Repricing gap*Interest rates
Let plug in the formula
Change in bank's NII=$190,000,000*0.0060
Change in bank's NII =$1,140,000
Therefore If the spread effect is zero and all interest rates increase 60 basis points, the bank's NII will change by $1,140,000
Which of the following is an appropriate way to prepare for a meeting?
Read the agenda.
Talk to friends.
Think of questions without writing them down.
Bring a cell phone.
Answer:
Think of questions without writing them down
On January 2, 2021, Sanborn Tobacco Inc. bought 10% of Jackson Industry’s capital stock for $93 million. Jackson Industry’s net income for the year ended December 31, 2021, was $123 million. The fair value of the shares held by Sanborn was $104 million at December 31, 2021. During 2021, Jackson declared a dividend of $63 million. 2. Assume that Sanborn sold the stock on January 2, 2022 for $116 million. Prepare the journal entries Sanborn would use to record
Answer:
Sanborn Tobacco Inc.
Journal Entries:
1. January 2, 2021,
Debit Investment in Jackson Industry $93 million
Credit Cash $93 million
To record the purchase of 10% of Jackson Industry’s capital stock.
December 31, 2021,
Debit Investment in Jackson Industry $12.3 million
Credit Share from Net Income $12.3 million
To record the share from the net income of Jackson Industry.
December 31, 2021
Debit Investment in Jackson Industry $11 million
Credit Unrealized Gain from Investment $11 million
To record the unrealized gain on fair value of the investment.
2021,
Debit Dividends Receivable $6.3 million
Credit Investment in Jackson Industry $6.3 million
To record the dividends receivable and reverse the part of the income already recorded.
2. January 2, 2022
Debit Cash $116 million
Credit Investment in Jackson Industry $110 million
Credit Realized Gain from Investment $6
To record the gain from the sale of the investment.
Explanation:
a) Data and Analysis:
Transaction Date
January 2, 2021, Investment in Jackson Industry $93 million Cash $93 million 10% of Jackson Industry’s capital stock for .
December 31, 2021, Investment in Jackson Industry $12.3 million Share from Net Income $12.3 million
December 31, 2021 Investment in Jackson Industry $11 million Unrealized Gain from Investment $11 million
During 2021, Dividends Receivable $6.3 million Investment in Jackson Industry $6.3 million
2. January 2, 2022 Cash $116 million Investment in Jackson Industry $110 million Realized Gain from Investment $6
Tamarisk, Inc. had a beginning inventory on January 1 of 293 units of Product 4-18-15 at a cost of $21 per unit. During the year, the following purchases were made.
Mar. 15 780 units at $24 Sept. 4 683 units at $27
July 20 488 units at $25 Dec. 2 195 units at $30
1,950 units were sold. Tamarisk, Inc. uses a periodic inventory system.
Required:
Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost).
Answer:
Tamarisk, Inc.
FIFO LIFO AVERAGE-COST
Ending inventory $13,788 $10,857 $12,303
Cost of goods sold $47,576 $50,507 $49,062
Explanation:
a) Data and Calculations:
Date Transaction Units Unit Cost Total
January 1 Beginning inventory 293 $21 $6,153
Mar. 15 Purchase 780 $24 18,720
July 20 Purchase 488 $25 12,200
Sept. 4 Purchase 683 $27 18,441
Dec. 2 Purchase 195 $30 5,850
Total Goods available 2,439 $61,364
Units sold 1,950
Ending inventory 489
FIFO:
Ending inventory
= 195 at $30 = $5,850
294 at $27 = $7,938
Total 489 = $13,788
Cost of goods sold = Cost of goods available for sale minus Cost of ending inventory = $61,364 - $13,788 = $47,576
LIFO:
Ending inventory:
293 at $21 = $6,153
196 at $24 = 4,704
Total 489 = $10,857
Cost of goods sold = $61,364 - $10,857 = $50,507
Weighted-Average Cost:
Weighted-average cost = Cost of goods available for sale/Units available for sale
= $61,364/2,439 = $25.16
Ending inventory = $12,303 (489 * $25.16)
Cost of goods sold = $49,062 (1,950 * $25.16)
b) The distinguishing factor among these inventory valuation methods is the assumption basis for their computations. FIFO assumes that goods that first come into store are the first to be sold or First-in, First-out. LIFO assumes that goods that are last in the store are the first to be sold, expressed as Last-in, First-out. Lastly, the weighted average method uses the weighted average costs of inventories purchased at different times and prices to compute the cost of each unit.
Patrick offered to sell his house to Jarrod for $50,000. Jarrod was interested but did notwish to decide immediately so he asked Patrick if he would hold the offer open for thirty daysin exchange for fifty dollars. Patrick agreed.
Three days later Jarrod called Patrick and told him he doubted he would purchase the property because his family was not enthusiastic about moving, but he was still trying toconvince them to relocate. The next week, Patrick sold the house to Nick.
a. Jarrod may no longer accept the offer because Patrick changed his position.
b. Jarrod still may accept the offer because Patrick’s offer was irrevocable for 30 days.
c. Jarrod still may accept the offer because his telephone conversation did not constitutea rejection and the option period has not expired.
d. Jarrod still may accept the offer because a rejection never terminates the power of acceptance in an option contract.
Answer:
a. Jarrod may no longer accept the offer because Patrick changed his position.
Explanation:
A contract is formed when there is an offer by the offerer and an acceptance by the recipient. However the offered has the right to revoke the offer at any time during the offer period, then the recipient will not be able to accept it.
In the given scenario Patrick offered to sell his house to Jarrod for $50,000. Jarrod was interested but did not wish to decide immediately so he asked Patrick if he would hold the offer open for thirty days.
So Jarrod had not accepted to offer.
Patrick has the right to revoke the offer and sell to someone else.
However Jarrod will be entitled to his 50 dollars back.
Thailand has a comparative advantage in rice and an absolute advantage in cell phones Indonesia has a comparative advantage in cell phones and an absolute advantage in rice. According to this scenario
a. Indonesia should export rice and import cell phones
b. Indonesia should export both cell phones and rice
c. Thailand should import both cell phones and rice
d. Thailand should export rice and import cell phones
Answer:
d. Thailand should export rice and import cell phones
Explanation:
Analyzing the question, it is correct to say that Thailand should export rice and import cell phones.
To understand why this statement is correct, we need to understand the concept of comparative advantage and absolute advantage.
The comparative advantage occurs when a country has great efficiency in producing a certain good, that is, the production is specialized and therefore advantageous in relation to another country. So it is correct to say that Thailand, having a comparative advantage in rice, should export rice to achieve greater economic advantage.
The absolute advantage, on the other hand, corresponds to the production of a good with lower costs than another country, but Thailand should import cell phones because Indonesia has a comparative advantage in cell phones, which makes it more competitive than Thailand in this segment.
A not-for-profit firm uses a small convenience sample to gather data on customer reactions. It invites a small group of customers for lunch and asks them to share what they think about the products they have purchased from the firm. This is an example of ___
Answer:
informal surveys
Explanation:
From the question we are informed about A not-for-profit firm which uses a small convenience sample to gather data on customer reactions. It invites a small group of customers for lunch and asks them to share what they think about the products they have purchased from the firm. In this case, this is an example of informal surveys.
Informal surveys can be regarded as type of survey whereby there is conduction of interviews as well as making of field observations by researchers themselves, instead of
enumerators as regards formal survey.
distinguishing characteristics of formal survey is that direct nteraction will exist in between the farmer as well as the
interdisciplinary team of researchers.
Which of these is a requirement under the No Child Left Behind Act?
A.
Specific targets must be set for special groups such as English language learners.
B.
All states must look to the federal government education bodies for curriculum materials.
C.
All schools (private, public, or charter) must follow the provisions of this law.
D.
Math and science must be emphasized when teaching lower grade students.
Answer: i think its c
Explanation: reading threw articals it seems to be the best choice
A requirement under the No Child Left Behind Act is: "Specific targets must be set for special groups such as English language learners." The correct option is A.
Why was the No Child Left Behind Act created?By requiring schools to raise student performance through required standardized examinations and minimum performance targets, NCLB was created to address the fear that the American educational system was falling behind its foreign rivals.
The No Child Left Behind Act (NCLB) was a federal law enacted in 2001 that aimed to improve academic outcomes for all students, especially those who are disadvantaged or at risk of falling behind. One of the key provisions of the law was the requirement for schools to set specific achievement targets for all students, including special groups such as English language learners, students with disabilities, and economically disadvantaged students.
The law mandated that schools must make "adequate yearly progress" (AYP) towards these targets or face consequences such as loss of funding or restructuring. This requirement was intended to ensure that all students receive the support they need to succeed academically, regardless of their background or circumstances.
Thus, the ideal selection is option A.
Learn more about The No Child Left Behind Act here:
https://brainly.com/question/4068005
#SPJ7
You have financial control responsibility for a start-up. Under the rules of accounting, assets must equal liabilities plus owner's equity. You have $4,500 in cash and $18,000 in inventory; both are assets. You have a bank loan of $3,200 (liability) and owner's equity of $18,100. How much money do you have that is unaccounted for?
Answer:
Should be 12,000
Reason being since you need to find assets to liabilities and owner's equity therefore you add 4,500 and 18,000 and subtract it to 3,200 and 18,100
Answer:
1200
Explanation: i took the quiz
if the average fix cost AFC of producing 5 bags of rice is $20,the average fix cost of producing 10 bags will be what?
Answer: $10
Explanation:
Since the average fixed cost for producing 5 bags of rice is $20, then the total fixed cost will be:
= AFC × Quantity
= $20 × 5
= $100
Therefore, the average fixed cost of producing 10 bags will be:
= Total fixed cost / Quantity
= $100 / 10
= $10
Therefore, the average fixed cost is $10
Under its executive stock option plan, N Corporation granted options on January 1, 2021, that permit executives to purchase 11.0 million of the company's $1 par common shares within the next eight years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant, $16 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated. Ignoring taxes, what is the effect on earnings in the year after the options are granted to executives? (Round your answer to 1 decimal place.)
Answer:
N. Corporation
There is no effect on earnings in the year after the options are granted.
Explanation:
a) Data and Calculations:
Number of stock options granted to executives = 11.0 million
Par value of common stock = $1
Period before the vesting of interest = 8 years
Grant date = January 1, 2021
Vesting date = December 31, 2023
Exercise price on the date of grant = $16
Fair value of the options = $4 per option
Total compensation expense for the stock option = $44 million ($4 * 11 million)
b) The compensation expense is accrued starting from the vesting date and not before. Therefore, there is no effect on the earnings in the year after the options are granted to the executives.
Assume you are the CFO of a company that has accumulated a significant amount of cash, well beyond its foreseeable needs. The company’s CEO has asked your opinion about using the cash to repurchase company shares or using the cash to distribute an extraordinary dividend to your shareholders. In a brief memo, explain to the CEO what the pros and cons of each of these are. You may assume your company is a fictitious one and assign to it whatever circumstances you like or you may assume your company is an actual existing corporation. Your memo should include at least two references to published works like books, articles, etc.
Answer:
I believe that the best action is to repurchase stocks.
Paying a large and unexpected dividend will yield an immediate return, but it will also decrease the stock's price. On the other hand, repurchasing stocks will result in lower outstanding stocks and the same cash flows. This will result in higher stock prices. Supposedly, upper management has the duty to increase the wealth of stockholders and that is achieved through higher stock prices.
Explanation: