Complete Question:
When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:
Group of answer choices
A. size of the particular project.
B. plan's presentation procedure that is expected in your own organization.
C. project's complexity.
D. All of these are correct.
Answer:
D. All of these are correct.
Explanation:
Financial analysis can be defined as the process of analyzing the stability, profitability, accuracy and viability of a business entity through its financial statements.
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Hence, when preparing the financial analysis for a business plan, the required statements and schedules will depend on the following;
A. size of the particular project.
B. plan's presentation procedure that is expected in your own organization.
C. project's complexity.
Earnings of workers are typically decreased by
At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $16,000. Instructions Journalize and post the adjusting entry for bad debts at December 31, 2020. Journalize and post to the allowance account the following events and transactions in the year 2020. March 1, a $1,900 customer balance originating in 2020 is judged uncollectible. May 1, a check for $1,900 is received from the customer whose account was written off as uncollectible on March 1. Journalize the adjusting entry for bad debts on December 31, 2020. Assume that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,000, and the aging schedule indicates that total estimated bad debts will be $38,300.
Answer:
a. Journal Entry
Date Account Titles Debit Credit
Dec 31 Bad Debts Expense $16,000
Allowance for Doubtful Accounts $16,000
To record bad debts expense.
b. Journal Entries:
Date Account Titles Debit Credit
Mar 1 Allowance for
Doubtful Accounts $1,900
Accounts Receivable $1,900
To record the write-off of uncollectible account.
Date Account Titles Debit Credit
May 1 Accounts Receivable $1,900
Allowance for Doubtful Accounts $1,900
To record the reversal of the March 1, 2020 entries.
Date Account Titles Debit Credit
May 1 Cash $1,900
Accounts Receivable $1,900
To record the receipt of check from the customer.
c. Journal Entries:
Date Account Titles Debit Credit
Dec. 31 Bad Debts Expense $40,300
Allowance for Doubtful Accounts $40,300
To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.
Explanation:
a) Adjusting journal entries are necessary to ensure that the accounts are reported in accordance with the accrual concept.
Accounting Employees view budgeting more positively when goals are established for them by senior management.
a. True
b. False
Answer:
B
Explanation:
Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $271,400.
Answer: Savings on taxes of -$50,008
Explanation:
Book Value = $450,000
Selling Price = $271,400
Book Value is more than selling price so there is a Capital loss.
Capital gains tax will therefore become a tax saving of;
= 28% * (271,400 - 450,000)
= -$50,008
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is:______
a. target income analysis
b. cost - volume profit analysis
c. least -square regression of costs
d, varaince analysis
e. process costing
Answer:
b. cost - volume profit analysis
Explanation:
Cost - volume profit analysis (CVP) is a tool the is used for mix of products sold, unit variable cost, total fixed costs, break-even point, sales volume, selling price.
CVP is a way that business gauge the different levels of cost and production volume on profit.
CVP is also called break even analysis which determines at which production level a business makes profit.
This analysis assumes that price, variable cost and fixed cost are constant.
The analysis allows companies get an accurate volume of units of products that will begin to bring in profits (break even)
Noma plans to save $3,400 per year for the next 35 years. If she can earn an annual interest rate of 9.2 percent, how much will she have in 35 years? a) $716,300.24 b) $119,000.00c) $767,464.54 d) $83807128 e) $734,09652
Answer:
c) $767,464.54
Explanation:
The computation of the future value of an annuity is shown below:
As we know that
Future value of annuity F = Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest
= $3,400 × (1.092^35 - 1) ÷ 0.092
= $3,400 × 225.7249
= $767,464.54
Hence, the future value of an annuity is $767,464.54
Therefore the correct option is c.
Suppose your firm operates in a perfectly competitive market and decides to double its output. How does this affect the firm's marginal profit?A) Marginal revenue and marginal cos inerese B) Marginal revenue increases but marginal cost remain the same. C) Marginal cost may change but marginal revenue remains the same D) Marginal revenue and marginal cost decrease
Answer: C) Marginal cost may change but marginal revenue remains the same
Explanation:
In a perfect competition the price is set by the market which means that one individual firm cannot change the price. This means that the marginal revenue for everyone is the same. If your firm decided to double its output, total revenue might change but marginal revenue will remain the same.
The marginal cost may change as well because marginal cost is unique to firms so if your firm wants to double output, it might find that it will cost more or less to produce an additional unit of a good.
Both of these changes happen simultaneously in a market: the supply of good X falls and the demand for good X rises. This will result in:_______
a. an increase in both the equilibrium price and quantity in the market.
b. an increase in the equilibrium quantity and an uncertain impact on the equilibrium price
c. a decrease in both the equilibrium price and quantity in the market.
d. an increase in the equilibrium price and an uncertain impact on the equilibrium quantity.
Answer:
d.
Explanation:
This scenario will result in an increase in the equilibrium price and an uncertain impact on the equilibrium quantity. This is because when customers in a market want a product but there is very little supply exists it makes the product more valuable and thus increases the price since consumers are willing to pay more for that product to get their hands on it. Scarcity increases price always, but while the supply and demand of a product are not the same this causes an uncertain impact on the equilibrium quantity.
The price of TSC stock will be either $42 or $46 at the end of the year. Currently, T-bills yield 4.1 percent and TSC sells for $43 a share. What is the per share value of a one-year TSC call option if the exercise price is $45 per share?
a. $1.03
b. $.66
c. $.72
d. $.81
e. $0
Answer:
b. $.66
Explanation:
The computation of the per share value for the one year is
Given that
Current Price = $43
Possible Prices = $42 and $46
Now
u = [($46 - $43) ÷ $43] + 1
= 1.06977
And
d = 1 - [($42 - $43) ÷ $43]
= 0.9767
And,
Risk-Free Rate = T-Bill Rate = Rf = 4.1 %
Now the up move price probability is
= [(1 + Rf) - d] ÷ [u - d]
= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]
= 0.69088
And,
Exercise Price = $ 45
Now
If the Price is $42, so Payoff = $0
And
if the Price is $46, so Payoff =is
= ($46 - $45)
= $1
Finally the call price is
= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041
= $0.66367
= $0.66
The vast improvement in communications technology and globalization has caused the degree of competition many local retail businesses face to ___________.
a. fluctuate drastically
b. increase
c. decrease
d. stay the same
Answer:
b. increase
Explanation:
These changes have caused competition to greatly increase. This is mainly because with these changes anyone from around the world can provide the same services/products that a local retail business can provide while reaching customers from all over the world. Therefore, also competing with any retail brick-and-mortar business from any part of the world. Customers can easily communicate with these online businesses and purchase their products/services from the comfort of their homes and usually at a much better price.
Sally Smythe enters into a partnership by contributing the following:
Cash $14,200
Accounts Receivable $3,700
Machinery which cost $2,200
Fair market value $1,325
Accounts payable $2,100.
What amount will be recorded in her capital account?
Answer:
$17,125
Explanation:
Sally's capital should include all the assets that she contributes to the partnership minus the liabilities. Contributions to partnerships must be recorded at fair market value.
Sally's capital account = cash + accounts receivable + FMV of machinery - accounts payable = $14,200 + $3,700 + $1,325 - $2,100 = $17,125
Discuss about Financial System and its impact on the strategic Financial Management
Answer:
The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.
Explanation:
The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.
Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.
Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.
Bagrov Corporation had a net decrease in cash of $10,500 for the current year. Net cash used in investing activities was $52,500 and net cash used in financing activities was $38,500. What amount of cash was provided (used) in operating activities?
A. $(101,500) used.
B. $(10,500) used.
C. $101,500 provided.
D. $80,500 provided.
E. $(80,500) used.
Answer:
I believe the answer to that would be B.
Explanation:
Plz mark as Brainliest!
Explain the Virtuous cycle
What are the difference between aims and goal
Answer:
Goal is a set target that a person wants to achieve, while Aim is the determined course a person sets to achieve a target.
Cash outflows for McKinney Publishing in 2020 included:________. $347,000 in salaries to authors. $180,000 in fees to contracted editors. $83,000 to obtain copyrights for 15 new books. $1.3 million to purchase a new printing warehouse. $560,000 to upgrade current printing equipment. How much of these cash outflows will McKinney Enterprises expense?
Answer: $527,000
Explanation:
Salaries to authors = $347,000
Fees to contracted editors = $180,000
Copyrights obtained = $83,000
Purchase of a new printing warehouse = 1.3 million
Upgrade of current printing equipment = $560,000
McKinney Enterprises expense will be:
= Salaries to authors + Fees to contracted editors
= $347,000 + $180,000
= $527,000
Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Price Standard Quantity (Rate) Unit CostDirect materials (plastic) 9 sq ft. $ 1.30 per sq. ft. $ 11.70 Direct labor 0.3 hr. $ 13.50 per hr. 4.05 Variable manufacturing overhead(based on direct labor hours) 0.3 hr. $ 1.30 per hr. 0.39 Fixed manufacturing overhead($619,080 ÷ 938,000 units) 0.66 Parker Plastic had the following actual results for the past year:Number of units produced and sold 1,000,000Number of square feet of plastic used 12,800,000Cost of plastic purchased and used $ 15,360,000Number of labor hours worked 336,000Direct labor cost $ 4,200,000Variable overhead cost $ 1,700,000Fixed overhead cost $ 393,000Required:Calculate Parker Plastic’s variable overhead rate and efficiency variances and its over- or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)Variable Overhead Rate Variance $Variable Overhead Efficiency Variance $Variable Overhead Spending Variance $
Answer:
Following are the solution to this question:
Explanation:
Overhead variable rate
[tex]=1700000-(336000 \times 1.30)= 1263200[/tex]
Performance Variance variable overhead
[tex]=1.3\times (336000-1000000 \times 0.3) = 46800[/tex]
Overhead variable spending[tex]=1700000-(1000000\times 0.39) =1310000[/tex]
Joe's Mart policy is to have 20% of the next month's sales on hand at the end of the current month. Projected sales for August, September, and October are 36,000 units, 31,000 units, and 41,000 units, respectively. How many units must be purchased in September?A. 16,000.B. 17,000.C. 22,000.D. 26,000.E. 28,000.
Answer:
the number of units purchased in September is 33,000 units
Explanation:
The computation of the number of units purchased in September is shown below:
= September sales + desired ending inventory - beginning inventory
= 31,000 + 41,000 × 20% - 31,000 × 20%
= 31,000 + 8,200 - 6,200
= 33,000 units
This is the answer but the same is not provided in the given options
hence, the number of units purchased in September is 33,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
An indifference curve shows the various bundles of goods that:_________ A. all cost the same amount of money. B. make the consumer equally happy. C. can be purchased on the open market. D. are overpriced.
Answer:
B. make the consumer equally happy.
Explanation:
An indifference curve can be defined as the graphical representation of two products (commodities) that gives a customer equal utility and satisfaction and as such making him or her indifferent about them as they are equally happy.
Hence, an indifference curve shows the various bundles of goods that make the consumer equally happy.
Which of the following cannot be the characteristic of entrepreneurial climate
Answer:
-900000000000000000000000000
Total fixed costs for Diamond Enterprises are $800,000. Total costs, including both fixed and variable, are $890,000 if 120,000 units are produced. What would be the fixed cost per unit at 200,000 units?a) $4.00 per unitb) $7.42 per unitc) $4.45 per unitd) $0.45 per unit
Answer:
a. $4.00 per unit
Explanation:
Variable costs are those costs that varies with output level e.g labor cost, while fixed costs are those costs that do not change irrespective of output level. eg rent.
Given that ,
Total cost = $890,000
Total fixed cost = $800,000
Variable cost = Total cost - Total fixed cost
Variable cost = $890,000 - $800,000 = $90,000
Number of units = 200,000
Fixed cost per unit = Total fixed cost / Number of units
Fixed cost per unit = $800,000 / 200,000 = $4 per unit
A person is considered an entrepreneur because she?
A person is considered an entrepreneur because she combined resources to create new products. Thus, option (c) is correct.
A person who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is an entrepreneur. Entrepreneurship is the practice of starting a business.
Every economy requires entrepreneurs because they have the knowledge and drive to foresee demands and promote novel ideas. Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with earnings and expansion possibilities.
Therefore, option (c) is correct.
Learn more about on entrepreneur, here:
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Chuck Russo, a high school math teacher, wants to set up an IRA account into which he will deposit $2,000 per year. He plans to teach for 20 more years and then retire. If the interest on his account is 7% compounded annually, how much will be in his account when he retires?
Answer:
FV= $819,909.85
Explanation:
Giving the following information:
Anual deposit= $20,000
Number of periods= 20 years
Interest rate= 7%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {20,000*[(1.07^20) - 1]} / 0.07
FV= $819,909.85
An increase in income:________. A. changes relative prices of goods the consumer buys. B. shifts the budget constraint outward. C. shifts the budget constraint inward. D. leads to the substitution effect.
Answer: B. shifts the budget constraint outward
Explanation:
An increase in the income of a consumer will bring about an outward shift of the budget constraint. This is because when the income of a consumer rises, such consumer can buy more goods and services.
Also, a decrease in income will result into an inward shift of the budget constraint. This is because lesser goods are purchased.
Right Hand inc.'s company structure is designed to provide focus to each distinct industry the company serves. This is an example of a __ structure.
Answer:
Product
Explanation:
The product structure is a structure that gives an overview of the product to the customers and according to the customer needs and wants the product could be customized. Also the company have to see the customer taste and preferences and modify there products from time to time so that the company could able to accomplish its sales target
Here in the question, the company focused on each and every different industry that the company serves
So this represents the product structure
Inter-Personal Intelligence is:
a) The sensitivity to tackle deep questions about human existence, such as the meaning of life, how we got here, and why we die.
b) By the capacity to detect and respond appropriately to the moods, motivations, and desires of others.
c) The well-developed language skills; sensitivity to the meetings and effects of words.
Answer:
on my view its c for sure
What type of research is being used when gathering data from structured survey responses that are numerical in nature?A. Qualitative.
B. Observational.
C. Quantitative.
D. Secondary.
E. Tertiary.
Answer:
C. Quantitative.
Explanation:
Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative
Therefore the option C is correct
hence, the same is to be considered
In examining the national income accounts of the closed economy of Nepotocracy you see that this year it had taxes of $100 billion, transfers of $20 billion, and government purchases of goods and services of $70 billion. You also notice that last year it had private saving of $70 billion and investment of $50 billion. In which year did Nepotocracy have a budget deficit of $20 billion? A. this year but not last year B. last year but not this year C. neither this year nor last year D. this year and last year
Answer: B. last year but not this year
Explanation:
Last Year
Private savings + Public savings = Investment
70 + Public = 50
Public saving = 50 - 70
= -$20 billion
Public saving refers to a budget surplus because it means that the Government gets to save the amount of its revenue that it did not spend.
If Public saving is negative then there was a BUDGET DEFICIT.
This year
Budget surplus (deficit) = Government Revenue - Expenditure and transfer payments
= 100 - 70 - 20
= $10 billion
This year has a budget surplus.
A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends?
a. $22,000
b. $25,000
c. $44,000
d. $50,000
Answer:
c. $44,000
Explanation:
Calculation for the amount that will be recorded as cash dividends
Cash Dividend=(25,000 shares- 3,000 Treasury stock) * $2 per share
Cash Dividend=22,000*$2 per share
Cash Dividend=$44,000
Therefore the amount that will be recorded as cash dividends is $44,000
Calculate the federal income tax liability of a worker who earned $522,503 in 2019, and who takes the standard deduction of $12,200. Keep in mind that calculations of federal income tax drop any numbers after the decimal point.
Answer:
Tax liability = $157,611 (Approx)
Explanation:
Taxable Income = Gross Income – Standard Deduction
Taxable Income = $522,503 - $12,200
Taxable Income = $510,303
Calculation of tax liability:
Tax liability = ($9,700 x 10%) + [($39,475 - $9700) x 12%] + [($84,200 - $39,475) x 22%] + [($160,725 - $84,200) x 24%] + [($204,100 - $160,725) x 32%] + [($510,300 - $204,100) x 35%] + [($510,303 - $500,000) x 37%]
Tax liability = $157,611 (Approx)