Answer: See explanation
Explanation:
You didn't give the options to the question but I searched online and got the options.
1. Which one of these will most likely require a specialized inspection?
The correct option is Mold.
2. Most purchase agreements are contingent on which two items?
The correct options are Appraised value and Clear title.
The purchase agreement is a contract whereby the terms and conditions that are related to the sale of goods are outlined. Purchase agreements are typically contingent on the appraised value and the clear title.
Assume the following sales data for a company: 2013 $945,000 2012 877,500 2011 650,000 If 2011 is the base year, what is the percentage increase in sales from 2011 to 2012? Group of answer choices 24% 35% 76% 135%
Answer:
35%
Explanation:
percentage increase in sales from 2011 to 2012 = (sales in 2012 / sales in 2011) - 1
(877,500 / 650,000) - 1 = 0.35 = 35%
Aunt Gayle is the sole proprietor of a cupcake catering company. She mostly makes her cupcakes for parties, weddings, and wakes. Business has grown slowly, and her resources are fairly limited. What marketing strategy would work best for her small company
Answer: niche marketing
Explanation:
The marketing strategy that would work best for her small company is the niche marketing.
Niche marketing is a strategy whereby the company focuses on a unique target market rather than focusing on the whole market as a whole. It is regarded as a segment of a larger market that has its own preferences and needs.
Since business has grown slowly, and her resources are fairly limited, the company can focus on a particular segment in the market using the niche marketing.
discuss how business risks are both inevitable and unavoidable
Answer:
Risk is inevitable in everything we do. ... There may be some unlikely but high impact risks, for example, the risk that the solution could cause the destruction of the organisation (see the case studies below). The good Project Manager will constantly assess the risks and take action as needed.
A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the bottleneck time
Answer:
9
Explanation:
Given that
There is five stations who have the process time of 5,9,4,9 and 8
We need to find out the bottleneck time
so, as we know that the bottleneck is the duration of the activity who have longer time
So as per the given situation the 9 has the longest duration activity time
So, the same is to be considered
On the issuance date, Saucedog Inc. had a Bonds Payable account with a balance of $55,000,000 and Premium on Bonds Payable account with a balance of $5,000,000. How much cash did Saucedog Inc. collect when these bonds were issued
Answer:
the cash collected in the case when the bonds are issued is $60,000,000
Explanation:
The computation of the cash collected in the case when the bonds are issued is shown below:
Bonds payable [Face value] $55,000,000
Add: Premium on Bonds payable [Unamoritzed] $5,000,000
Issue price of the bonds $60,000,000
Hence, the cash collected in the case when the bonds are issued is $60,000,000
On December 31, journalize the write-offs for 2016 under the allowance method. Also, journalize the adjusting entry for uncollectible accounts. The company recorded $5,250,000 of credit sales during 2016. Based on past history and industry averages, ¾% of credit sales are expected to be uncollectible. Refer to the Chart of Accounts for exact wording of account titles.
Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31, 2016:
Customer Amount
Shawn Brooke $4,650
Eve Denton 5,180
Art Malloy 11,050
Cassie Yost 9,120
Total $30,000
Answer:
Casebolt Company
Journal Entries:
Dec. 31, 2016
Debit Allowance for Uncollectible Accounts $30,000
Credit Accounts Receivable $30,000
To write-off uncollectible accounts.
Dec. 31, 2016
Debit Bad Debts Expenses $69,375
Credit Allowance for Uncollectible Accounts $69,375
To record bad debts for the year and bring the Allowance for Uncollectibles to a credit balance of $39,375.
Explanation:
a) Data and Calculations:
Credit sales for 2016 = $5,250,000
Uncollectible allowance based on past history and industry = 3/4% = $39,375 ($5,250,000 * 3/4%)
Actual accounts written off as uncollectible = $30,000
Customer Amount
Shawn Brooke $4,650
Eve Denton 5,180
Art Malloy 11,050
Cassie Yost 9,120
Total $30,000
Analysis:
Dec. 31, 2016 Allowance for Uncollectible Accounts $30,000 Accounts Receivable $30,000
Dec. 31, 2016 Bad Debts Expenses $69,375 Allowance for Uncollectible Accounts $69,375
Convertible bonds are attractive to investors because a.they can be converted into stock at a future time. b.they carry a convertible interest rate that can be increased when the prime rate of interest increases. c.the issuing company cannot retire the bonds before maturity. d.they usually carry a higher rate of interest than non-convertible bonds.
Answer:
a. they can be converted into stock at a future time.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.
Generally, the bond issuer is expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A convertible bond can be defined as a type of bond that avails the bondholder the opportunity, right or obligation to convert the bond into a predetermined (fixed or specific) number of shares of common stock in the company issuing the bond. Thus, this feature or characteristics of convertible bonds make them attractive to bondholders (investors) because they can be converted into stock at a future time or at the issuer's option.
$
$
$
2,400.00
1,560.00
4,800.00
15,672.00
50,001.00
las en
50,000.00
50,001.00
(1.00)
$
Answer:
english pls
Explanation:
Cost of direct materials used in production $18,573 Direct labor 23,083 Factory overhead 33,632 Work in process inventory, March 1 24,104 Work in process inventory, March 31 18,188 Finished goods inventory, March 1 23,172 Finished goods inventory, March 31 26,346 a. Determine the cost of goods manufactured. $fill in the blank 1 b. Determine the cost of goods sold.
Answer:
cost of goods manufactured= $81,204
Explanation:
Giving the following information:
Cost of direct materials used in production $18,573
Direct labor 23,083
Factory overhead 33,632
Work in process inventory, March 1 24,104
Work in process inventory, March 31 18,188
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 24,104 + 18,573 + 23,083 + 33,632 - 18,188
cost of goods manufactured= $81,204
On January 4, 2011, RTN Industries paid $648,000 for 20,000 shares of Austin Cattle Company common stock. The investment represents a 30% interest in the net assets of Austin and gave RTN the ability to exercise significant influence over Austin’s operations. RTN received dividends of $3.00 per share on December 6, 2011, and Austin reported net income of $320,000 for the year ended December 31, 2011. The market value of Austin’s common stock at December 31, 2011, was $32 per share. The book value of Austin’s net assets was $1,600,000 and:
a. The fair market value of Austin’s depreciable assets, with an average remaining useful life of 8 years, exceeded their book value by $160,000.
b. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill.
Required:
1. Prepare all appropriate journal entries related to the investment during 2011, assuming RTN accounts for this investment by the equity method.
2. Prepare the journal entries required by RTN, assuming that the 20,000 shares represent a 10% interest in the net assets of Austin rather than a 30% interest, and that RTN anticipates holding their investment in Austin for the foreseeable future.
Answer:
RTN Industries and Austin Cattle Company
Journal Entries
1. 30% with significant influence:
Jan. 4, 2011: Debit Investment in Austin Cattle Company $648,000
Credit Cash $648,000
To record the cost of the investment by purchasing 20,000 shares or 30% stake in Austin Cattle Company.
December 6, 2011:
Debit Cash $60,000
Credit Investment in Austin $60,000
To record the receipt of dividend.
December 31, 2011:
Debit Investment in Austin Cattle Company $96,000
Credit Investment Income $96,000
To record RTN share of Austin's net income.
2. 10% share:
Jan. 4, 2011: Debit Investment in Austin Cattle Company $648,000
Credit Cash $648,000
To record investment in 10% share of Austin Cattle Company.
Dec. 6, 2011: Debit Cash $60,000
Credit Dividend Income $60,000
To record the receipt of dividend income.
Explanation:
a) Data and Calculations:
Cost of investment in Austin Cattle Company = $648,000
Number of shares held in Austin = 20,000
Percentage of shareholding = 30%
Total number of shares in Austin Cattle = 66,667(20,000/30%)
Austin's reported net income for 2011 = $320,000
RTN share of the net income = $96,000 ($320,000 * 30%)
Analysis:
Investment in Austin Cattle Company $648,000 Cash $648,000
Investment in Austin Cattle Company $96,000 Investment Income $96,000
Cash $60,000 Investment in Austin $60,000
2. If the 20,000 shares represent a 10% interest in the net assets of Austin rather than a 30% interest, the cost method is used:
Analysis:
Investment in Austin Cattle Company $648,000 Cash $648,000
Cash $60,000 Dividend Income $60,000
On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $36,000. The cab has an expected salvage value of $2,000. The company estimates that the cab will be driven 200,000 miles over its life. It uses the units-of-production method to determine depreciation expense. The cab was driven 45,000 miles the first year and 48,000 the second year. What would be the depreciation expense reported on the Year 2 income statement and the book value of the taxi, respectively, at the end of Year 2?
a. $8,640 and $19,260
b. $8,640 and $17,260
c. $8,160 and $20,190
d. $8,160 and $18,190
Answer:
C
Explanation:
Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)
year 2 = (48,000 / 200,000) x (36,000 - 2000) = 8160
book value = cost of asset - accumulated depreciation
accumulated depreciation = year 1 + year 2's depreciation
year 1 = (45,000 / 200,000) x (36,000 - 2000) =
- 200,000 - (7650 + 8160) =
Which of the following costs is an example of a Selling & Administrative (S&A) cost rather than a product cost? Group of answer choices Depreciation on production equipment. Wages of salespersons. Wages of production machine operators. Insurance on factory equipment.
Answer:
The answer is B.
Explanation:
Option B. Wages of sales person are the example of a Selling and Administrative cost. Other examples are rents, distribution cost etc.
Option C is wrong. Wages of production machine operators is a direct wage. It will form part of cost of sales.
Option D is wrong. Insurance on factory equipment cannot be attributable to selling cost.
the process of providing focus for employees and motivating them to achieve organizational gool's. Select one a. Effective b. Directing c.Controlling d. Planning
Answer:
directing
Explanation:
with directing you instruct your employees on what to do thus providing focus
Suppose a consumer with an income of $100 is faced with Px = 1 and Py = 1/2. What is the market rate of substitution between good X (horizontal axis) and good Y (vertical axis)? A. 0.50 B. -1.0 C. -2.0 D. -4.0
Answer:
The correct option is C. -2.0.
Explanation:
The Market Rate of Substitution can be described as the rate at which one good can be exchanged for another at current market prices.
Given:
Px = 1
Py = 1/2, or 0.5
The MRSxy which is market rate of substitution between good X (horizontal axis) and good Y (vertical axis) can be calculated as follows:
MRSxy = - Px / Py = - 1/ 0.5 = -2,0
Therefore, the correct option is C. -2.0.
Scenario: Roberto Baldwin As the owner and manager of Fantastic Toys, Roberto Baldwin is fascinated by all the changes occurring and transforming the workplace. Roberto is concerned about the important OB trends that he can understand and take advantage of in developing and positioning his company in the marketplace. If Roberto wants to study deep-level diversity in his organization, he should
Answer: increases its connectivity with people and organizations in other parts of the world.
Explanation:
You can check the options online on the site.
Deep-level diversity simply refers to the traits that are non-observable which such as norms, attitudes, beliefs, and values.
Since Roberto wants to study deep-level diversity in his organization, therefore, he should increases its connectivity with people and organizations in other parts of the world. This will help him in learning about the norms and values of other people.
Spotify just paid a cash dividend of $1 per share. Investors require a 16% return from investments such as this. If the dividend is expected to grow at a steady 6 percent per year, what is the current value of the stock
Answer:
$10.60
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
1(1.06) / 0.16 - 0.06
1.06/0.10 = 10.60
The manufacture of a popular mouthwash liquid brand is losing sales to a competitor who has been able touse bulk purchasing of its main ingredients from its wholesalers to receive a substantial price break in materials. Which IT management challenge is addressed in this scenario?
Answer:
Develop strong relationship with supplier
Explanation:
A good relationship with the supplier would provide the business the needed support just as it does to the competitor. This would make business to come to the way of the supplier.
Buying in bulks is a good way of making purchases because it is a way to get products at a cheaper rate
Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2019 Stock Date Purchased Date Sold Sales Price ($) Cost Basis ($) 4,000 shares Green Co. 06/04/07 08/05/19 12,000 3,000 500 shares Gold Co. 02/12/17 09/05/19 54,000 62,000 5,000 shares Blue Co. 02/04/08 10/08/19 18,000 22,000 100 shares Orange Co. 11/15/18 07/12/19 19,000 18,000 None of the stock is qualified small business stock. The stock basis was reported to the IRS. Calculate Charu's net capital gain or loss using Schedule D and Form 8949. (Click done and save once the forms are completed) Submit your forms below.
Answer:
Charu Khanna
The Net capital loss is:
= $2,000.
Explanation:
a) Stock Transactions and Data during 2019:
Stock Date Date Sold Sales Price ($) Cost Basis ($)
Purchased
4,000 shares Green Co. 06/04/07 08/05/19 12,000 3,000
500 shares Gold Co. 02/12/17 09/05/19 54,000 62,000
5,000 shares Blue Co. 02/04/08 10/08/19 18,000 22,000
100 shares Orange Co. 11/15/18 07/12/19 19,000 18,000
Total $103,000 $105,000
Net capital loss:
Long-term capital loss = $3,000
Short-term capital gain = $1,000
Net capital loss = $2,000 ($3,000 - $1,000)
An investor in the 32% tax bracket is considering two investment options of equal risk: a corporate bond that yields 8.25% and a municipal (muni) bond that yields 4.75%. Assuming the investor will select the bond with the highest yield, which bond should this investor choose
Answer: Corporate bond
Explanation:
It should be noted that the municipal bond aren't taxable. Therefore, its yield will be 4.75%.
On the other hand, the After Tax Cost of the yield of the corporate bond will be:
= Yield × (1-Tax Rate)
= 8.25% × (1-35%)
= 8.25% × 65%
= 5.36%
Therefore, the Corporate Bond should be chosen since it has a higher yield.
In analyzing company operations, the controller of the corporation found a $250,000 favorable flexible-budget revenue variance. The variance was calculated by comparing the actual results with the flexible budget. This variance can be wholly explained by
Answer: C. changes in unit selling prices.
Explanation:
The options given are:
a. the total flexible budget variance
b. the total static budget variance
c. changes in unit selling prices
d. changes in the number of units sold
Based on the information given, the variance can be wholly explained by changes in unit selling prices.
This is due to the fact that the flexible budget revenue variance is calculated and gotten as the difference between the budgeted revenue and the actual revenue at thesame activity level.
Therefore, the number of units will be thesame in both the actual results and the flexble budget. Then, the difference will be as a result of the change in the unit selling price.
Using the data below, compute DEBT RATIO.
Using the data below, compute Return on Equity.
Accounts Payable 800
Accounts Receivable 1,100
Capital Stock 2,000
Cash 50
Cost of Goods Sold 6,000
Inventory 1,500
Long-term Debt 1,820
Net Income 950
Property, Plant, and Equipment (net) 3,000
Retained Earnings 1,030
Sales 10,000
Market value of shares 12,000
Answer:
a. Total Liabilities = Accounts Payable + Long-term Debt
Total Liabilities = 800 + 1,820
Total Liabilities = $2,620
Total Assets = Accounts Receivable + Cash + Inventory + Property, Plant, and Equipment (net)
Total Assets = 1,100 + 50 + 1,500 + 3,000
Total Assets = $5,650
Debt Ratio = Total Liabilities / Total Assets
Debt Ratio = $2,620 / $5,650
Debt Ratio = 0.463717
Debt Ratio = 46.37%
b. Return on Equity = Net Income / Shareholder Equity
Return on Equity = Net Income / (Capital Stock + Retained Earnings)
Return on Equity = $950 / ($2,000+$1,030)
Return on Equity = $950 / $3,030
Return on Equity = 0.31353135
Return on Equity = 31.35%
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 15 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.
Answer:
$913.54
Explanation:
Calculation to determine the bond's price
Using Financial calculator to solve for PV( PRESENT VALUE)
N = 2 × 15 = 30
I/YR = 8%/2 = 4%
PMT = 1,000*7%*1/2=35
FV = 1000
PV=?
Hence,
PV = $913.54
Therefore the bond's price is $913.54
Bramble Corp. borrowed $870000 from Liber Bank on January 1, 2019 in order to expand its mining capabilities. The note required annual payments of $220776 and carried an annual interest rate of 8.5%. What is the balance in the notes payable account at December 31, 2020 if payments are made at the end of each year
Answer:
$563,867.79
Explanation:
Notes annual payments = $220,776
Notes payable January 1, 2019 = $870,000
Interest for the year 2019 = $870,000*8.5% = $73,950
Principal payment for 2019 = $220,776 - $73,950 = $146,826
Notes payable at the end of year 2019 = $870,000 - $146,826 = $723,174
Interest for the year 2020 = $723,174 * 8.5% = $61,469.79
Principal payment for 2020 = $220,776 - $61,469.79 = $159,306.21
Notes payable at the end of year 2021 = $723,174 - $159,306.21 = $563,867.79
The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as the population mean and assume the population standard deviation of preparation fees is $100. Use z-table.
a. What is the probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean?
Answer:
The CPA Practice Advisor
The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:
= 56%
Explanation:
a) Data and Calculations:
Population mean (preparation fee for 2017 federal income tax returns) = $273
Population standard deviation of preparation fees = $100
Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)
z = (x-μ)/σ
z = standard score
x = observed value
μ = mean of the sample
σ = standard deviation of the sample
Z = ($273 - $257)/$100
= 0.16
Using the z-table
P = 0.5636
For each example listed, decide if the good is a normal good or an inferior good. Make sure you answer from the perspective of the individual or individuals doing the buying or consuming. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop. Billy's mom increases his weekly allowance by $ 5 . As a result, Billy increases the number of apps he downloads on his smartphone. Smartphone apps are Susan gets a 15 percent performance bonus at work. She can finally stop eating so many frozen pizzas and eat something more tasty. Frozen pizzas are Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has his commission. Mike decides to switch from name brand cereal to generic cereal. Generic cereal is Hair stylist Molly loses a few of her clients. Molly cuts back on the number of smoothies she buys during the week. Smoothies are:______.
Answer and Explanation:
In the case when the income increased so the demand also increased so the goods are classified as the normal goods. Therefore the apps are normal goods
In the case when the income increased but the demand declines so it is to be considered as the inferior goods so frozen pizzas are inferior goods
In the case when there is the decline in the income due to this the income rises so the goods are inferior goods. So, the generic cereal is an inferior goods
In the case when the income declines so the demand also declines this meand the goods are normal goods. So, smoothies are normal goods
You are considering purchasing a piece of industrial equipment that costs 30000. You decide to make a down payment in the amount of 5000 and to borrow the remainder from a local bnak at an interest rate of 9% compounded monthly, which is to be paid for 36 monthly installments. The amount of the monthly payment is nearest to:_________
a. $954
b. $833
c. S795
d. $694
Answer:
b
Explanation:
Thompson Manufacturing is considering two investment proposals. The first involves a quality improvement project, and the second is about an advertising campaign. The cash flows associated with each project appear below:
Quality Improvement Advertising Campaign
Intial cash inflow 100,000 100,000
Cash inflows
Year 1 10,000 80,000
Year 2 30,000 45,000
Year 3 125,000 10,000
Suppose the hurdle rate of the firm is 10%. Calculate the cash inflows of the "incremental project" by subtracting the cash flows of the second project from the cash flows of the first project. What is the IRR of the incremental project?
Answer:
17.9%
Explanation:
The computation of the internal rate of return of the project is shown below;
Year 0 0
Year 1 -70,000 ($10,000 - $70,000)
Year 2 -15,000 ($30,000 - $45,000)
Year 3 115,000 ($125,000 - $10,000)
Let us assume r represent the IRR of the incremental project.
so,
-$70,000 ÷ (1+r) - $15,000 ÷ (1+r)^2 + $115,000 ÷ (1+r)^3 = 0
r = 17.9%
Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she lives at the time that she secures approval. Her interest rate is not a prime rate, and in order to determine if it triggers the threshold for higher-priced mortgage loans, her creditor must determine if the APR for the loan exceeds the average prime offer rate by:
Question Completion with Options:
2.5 percentage points
1.5 percentage points
3.5 percentage points
6.5 percentage points
Answer:
Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:
1.5 percentage points
Explanation:
The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.
The HR planning process should be aligned with the strategic process of the organization in general. It will show how HR will contribute to the achievement of goals and objectives the organization has determined as a whole. As part of the planning process, HR should perform a job analysis. To have a better understanding of the job analysis, you should answer all of the following questions for this assignment: Judge the job analysis process of an organization you are familiar with and indicate whether it is an effective one. Judge a job description and job specification for any job selected that was performed with that job analysis process. Indicate how you would improve it and explain its importance.
Answer:
Rating employees according to their performance against the key performance indicators.
Explanation:
HR has responsibility to hire, fire and appraise employees. An employee is appraised after his performance is analyzed. There are certain job specifications which an employee must satisfy in order to stay in the company. This is the main objectives for which a company has hired an employee. If an employee performs beyond expectation the he may qualify for promotions.
What are the consequences of negative externalities on society
Answer:
If a good has a negative externality, the cost to society is grearter than the cost consumers is paying for it. Since consumers make a decision based on where their marginal cost equals their marginal benefits, and since they don't take into account the cost of negative externality, negative externalities result in market inefficiencies...