Answer and Explanation:
The omitted Entry must be recorded as:
Dr Trade Receivables $450 Balance Sheet Item
Cr Revenue $450 Income Statement
This means that omiting this entry in the books of accounts would understate the revenues and the trades reveivables by $450. So this is impact on the financial statements.
Failure to record the adjusting entry of $450 for services rendered but not yet billed by A & D Window Cleaning will result in understating their revenues and assets, thereby impacting their financial statements.
Explanation:If A & D Window Cleaning fails to record the adjusting entry of $450 for services rendered but not yet billed, this will impact their financial statements by understating their revenues and assets. In accounting terms, this $450 represents an accrued revenue, which is a revenue that has been earned but not yet recorded in the books. Therefore, the failure to record an adjusting entry leads to understated income on the income statement and accounts receivable on the balance sheet, underestimating the company's profitability and financial status.
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The unemployment rate in Economy X when it is growing normally is 5%. When Economy X is in a recession, the unemployment rate is 10%. Drag each word or phrase to the appropriate blank space in order to complete the paragraph correctly.Drag word(s) below to fill in the blank(s) in the passage.
The _______ unemployment rate while Economy X is _______ s 0%. The 5% unemployment rate is due to structural and __________ factors.
Answer: The cyclical unemployment rate while Economy X is growing normally is 0%. The 5% unemployment rate is due to structural and frictional factors.
At year-end, harris co. had shipped $12,500 of merchandise fob destination to harlow co. which company should include the $12,500 of merchandise in transit as part of its year-end inventory?
Answer:
The answer is Harris Co, who should include the $12,500 of the merchandise in transit as part of its year-end inventory.
Explanation:
For this question, we must first need to understand the FOB destination.
FOB destination:
Selling term under which the ownership of goods sold and shipped remain with the seller - Harris Co.This is until the goods arrive at the buyer's destinationOnce the goods reached at buyer's receiving dock, the ownership is transferred to the buyer from the seller - In this case, buyer is Harlow CoFurther explanation:
In this case, Harris Co shipped $12,500 of merchandise FOB destination to Harlow Co. The ownership will remain with the company Harris Co (seller) that shipped the goods to Harlow Co (buyer), until they arrive at the buyer company Harlow Co's receiving dock.
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as:____________.
a. an indicator of the variety.
b. an indicator of quality.
c. a measure of scarcity.
d. a reflection of status quo pricing. e. a measure of the income effect.
Answer:
The correct option is B, an indicator of quality
Explanation:
Premium brands are highly priced goods that command leadership status in their market segments because they are perceived to offer basic brand's benefits as well as additional benefits to consumers.
In identifying these type of brands, their prices could be a signal to their high-end status.
Option A is wrong because high price tells nothing about the variety of a brand.
Option C, a measure of scarcity , is also a deviation from the point,as price does not give any information concerning scarcity of an item,especially when item is a luxury brand and not a basic necessity.
Finding the required interest rate: Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds? excel formula
Answer:
i= 8% annual compunded
Explanation:
Giving the following information:
Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement.
We need to calculate the interest rate required to reach the $1 million goal in 18 years without any additional deposit.
FV= PV*(1+i)^n
Isolating i:
i= [(FV/PV)^(1/n)] - 1
i= [(1,00,000/250,000)^(1/18)] - 1= 0.08
i= 8% annual compunded
The parents need to use the Excel RATE function to determine the annual interest rate needed to grow their current savings to their retirement goal in 18 years. The formula is =RATE(18,0,-250000,1000000,1), and the output should be converted to a percentage by multiplying by 100.
Explanation:In order to determine the interest rate that your parents need to achieve their retirement goal, you can use Excel's RATE function. The RATE function calculates the interest rate required to turn a present amount into a future amount within a specific period of time.
In this case, the present value (PV) is $250,000, the future value (FV) is $1,000,000, and the time period (Nper) is 18 years. The formula in excel would be: =RATE(18,0,-250000,1000000,1). This will give the annual interest rate your parents need to meet their goal, assuming no additional savings. Just remember to convert the output to a percentage rate by multiplying by 100.
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Jasper is a first-line manager at a heating and HVAC company. Although he no longer goes out to customers' homes and does their repairs, since he worked in the field for over 20 years, he is able to train employees, answer questions, provide guidance, and solve problems. These abilities most closely describe his
Answer:
technical expertise
Explanation:
technical expertise refers to the high level of knowledge acquired (usually through work experience) about some type of technology or technical work. For example, a mechanic that has repaired cars for more than 30 years would be considered to have technical expertise.
In this case, Jasper's 20 year long experience means that he knows a lot about air conditioners and heating, and that he might be able to train others to pass that knowledge. In Europe, seasoned employees, are very valuable because they takes apprentices and teach them what they learned during their long careers.
Final answer:
Jasper's first-line managerial role involves using his managerial skills to train employees, answer questions, provide guidance, and solve problems, leveraging his extensive field experience.
Explanation:
Jasper's abilities at the heating and HVAC company where he is a first-line manager most closely describe his managerial skills. With over 20 years of field experience, Jasper is well-equipped to train employees, answer questions, provide guidance, and solve problems. These skills are vital to his role as a manager as they enable him to effectively oversee and support the work of his subordinates, even though he no longer performs repairs himself. Jasper's technical expertise, gained from years of hands-on work, underpins his ability to train others and offer sound technical advice, which contributes to the overall efficiency and effectiveness of his team.
On the twentieth day of the month, room sales at the Motor Lodge Motel exceeded its breakeven point for the month. Revenue generated by room sales during the remaining days of the month will:_______.a. decrease in proportion to the additional room sales.b. cover the fixed costs associated with those additional room sales.c. be pure profit for the motel.d. increase at a faster rate than the costs associated with those sales.
Answer:
D) increase at a faster rate than the costs associated with those sales.
Explanation:
If the break even point was reached during the 20th day of the month, then any revenue generated during the remaining 10-11 days will increase net profits. The amount of net profit increase will be determined by the contribution margin of each service provided. The contribution margin = net sales - variable costs. Since the fixed costs have already been covered, the contribution margin will be equal to the net profit.
Adidas has identified two different customer groups for its shoes with Boost technology: an older group concerned with performance, and a younger group interested in style. Which aspect of the marketing environment does the split between these two groups represent? a. technology. b. political/legal. c. social. d. demographic.
Answer:
D. demographics
Explanation:
Demographics refers to statistical data that deals with the characteristics of a population. These characteristics include age, sex, income, marital status,gender, etc.
In the case of the question, the population of groups of older men who want performance and younger men who want style refer to demographics.
This is normal in any business as there are different people with different characteristics but that want a certain tye of product from the business. In business, socioeconomic characteristics are usually factors of demographics and these factors include; age, income, education level, marital status, etc.
I hope this helps.
Final answer:
The aspect of the marketing environment represented by Adidas' differentiation between the two customer groups for its Boost technology shoes is d) demographics, where marketing strategies are tailored to the specific characteristics and preferences of each group.
Explanation:
The demographic split between Adidas' two identified customer groups for its shoes with Boost technology is represented by the aspect of the marketing environment that focuses on d) demographics. Demographics relate to the statistical characteristics of populations and are a crucial component in marketing for segmenting audience groups based on variables like age, gender, income, and lifestyle preferences. This demographic segmentation is based on age-related preferences and interests, with one group focused on performance and the other on style. By targeting different age groups with distinct preferences, Adidas can tailor its marketing strategies to effectively reach and engage both segments. Therefore, the classification of an older group concerned with performance and a younger group interested in style falls under demographic segmentation, which allows Adidas to tailor its marketing strategies to each group's specific preferences and behaviors.
The stock of raw materials, inputs, and component parts that an organization has on hand at a particular time is called _________. storage inventory products stored components holdings
The stock of raw materials, inputs, and component parts that an organization has on hand at a particular time is called Inventory.
Explanation:The amount of goods that are held by an organisation for the purpose of sale to the customers in near future refers to Inventory. The things that are included in inventory are raw materials, work in progress and finished goods of an organisation. Merchandise is the name that is used by the retailers for the purpose of mentioning inventories.
Inventories plays a major role in an organisation as it determines the amount of goods that are sold and the amount that is in hand. It is very essential for any company to have inventory accounting for the purpose of planning its purchases.
Explanation:
"Goods in stock" is called inventoryIt can also be termed as the amount of goods "stored for the purpose of business".The materials are on hold either for sale or for re-saleIt can contain even "raw materials" and also parts to assemble productsIt is a process of listing or accounting the number of items and the name of the item available readilyThere is a "difference between inventory and stock"Klivinich is a manufacturer of oral hygiene products. In addition to manufacturing and selling oral hygiene products, Klivinich also focuses on educating its customers on oral hygiene and dental problems. All its employees are trained to answer questions and help customers with oral hygiene and dental problems. This has helped Klivinich ________.A) produce low-cost products
B) procure rare resources
C) achieve a competitive advantage
D) form a strategic alliance
Answer:
Option C Achieve a competitive advantage
Explanation:
The reason is that anything brings an upperhand over the other competitors is competitive advantage. This might be due to product uniqueness or due to customer after sales services or anything in our product that the customer values more than the feature of other competitors. In this scenario, the advice of the K Company is valued by the customers and thats the reason they prefer its products because they give valuable advice with their products.
Klivinich has achieved a competitive advantage by focusing on educating its customers on oral hygiene and dental problems.
Explanation:Klivinich has achieved a competitive advantage by focusing on educating its customers on oral hygiene and dental problems. By training its employees to answer questions and offer assistance, Klivinich provides superior customer service and establishes itself as an expert in the industry. This not only helps build customer loyalty but also sets Klivinich apart from its competitors.
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Steve was wrongfully terminated by Sam, his former boss at Big Flop, Inc., falsely stating that Steve embezzled money. When Steve was asked why he was no longer employed at Big Flop, Steve had to tell his new prospective employer. Under this scenario, regarding a possible claim of defamation, in a state that recognizes compelled self-publication, Sam and Big Flop:__________
(A) are not liable since they are protected under the law.
(B) are not liable even though they lied because it was their opinion.
(c) are not liable because Steve did not have any injury to his reputation.
(D) are likely liable under the theory of compelled self-publication.
Answer:
D. Are likely liable under the theory of compelled self-publication
Explanation:
Considering that Steve was terminated in a state that recognizes compelled self-publication, a defamatory claim will be premised on the assumption that Big Flop, Inc. are liable for the actions of their representative, Sam, who terminated Steve on the basis of unfounded allegations of embezzlement, which Steve was forced to reveal when it became a sticking point liable to derail his next job offer.
Oriole Company sells office equipment on July 31, 2017, for $21,900 cash. The office equipment originally cost $76,780 and as of January 1, 2017, had accumulated depreciation of $36,270. Depreciation for the first 7 months of 2017 is $4,070. Prepare the journal entries to (a) update depreciation to July 31, 2017, and (b) record the sale of the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Explanation:
The journal entries are shown below:
a. Depreciation expense A/c Dr $4,070
To Accumulated Depreciation - Equipment A/c $4,070
(Being depreciation expense is recorded)
b. Cash A/c Dr $21,900
Accumulated Depreciation - Equipment A/c $40,340
Loss on sale of an equipment $14,540
To Equipment $76,780
(Being sale of equipment is recorded and the remaining balance is debited to the loss on sale of an equipment)
The accumulated depreciation is computed below:
= $36,270 + $4,070
= $40,340
If Nike had signed a release not to sue Already for past violations of trademarks, in exchange for some money, would this case likely have been decided the same way?
Answer:No, Because the signed agreement was for previous violations, it does not cover future violations.
Explanation: Trademarks are intellectual property rights that is represented by appropriate signs, pictures etc signifying that the owner of the product has the right to the trade if certain types of product or products.
Trademark are legally approved rights that any violations can lead to severe consequences based on the enabling laws as enshrined in the constitution of a country.
Using the above information, fill in the chart below with the amounts that should be reported for total cost of goods sold for December and the cost of ending inventory at Dec 31 under both the FIFO and LIFO cost flow assumptions.
Answer: please refer to te explanation section
Explanation:
The question is incomplete , to calculate inventory balance under FIFO or LIFO we need inventory transactions. The Transactions were not given in the question. I will explain the FIFO and LIFO concepts and also provide an example to show how to use these concepts.
FIFO Costing Method
FIFO costing Method is an inventory costing system that is based on the assumption that stock items purchased or stock items placed in inventory first will be sold first hence the acronym FIFO which stands for first in first out. the balance of inventory at the end of the period thus shows stock most recently purchased stock items or stock items placed in inventory.
LIFO Costing
Method LIFO costing Method is an inventory costing system that is based on the assumption that stock items most recently Purchased or stock items most recently placed in inventory will be sold first, hence the acronym LIFO which stands for last in first out.
example
10 February 2019 Purchased inventory for $1000. 100 units costing $10 each.
15 February 2019 Purchased inventory for $4500. 300 units costing $15
20 February 2019 Sold 150 units of inventory.
FIFO method
150 units were sold, therefore the first 100 units out of 150 will taken from inventory purchased on the 10th of February and 50 units will take from inventory purchased on the 15th of February. The inventory Balance will 300 units minus 50 units
inventory Balance = (300 - 50) x 10 = 250 x 15 = 3750
LIFO method
150 units were sold, the entire 150 units sold will be taken from inventory purchased on 15th of February. inventory balance will 300 units minus 150 units sold plus 100 units from inventory purchased on the 10th.
inventory Balance = (30 -150) x 15 + 100 x 10 = (150 x 15) + (100 x 10) = 3250
During the year, Apex Co. sold an unprofitable component of the company. The component had a net loss from operations during the period of $150,000 and its assets sold at a loss of $100,000. Apex reported income from continuing operations before taxes of $128,387. All items are taxed at 30%. How would this item appear in the income statement?
Answer: In the Apex income statement,
Income from continuing operations before taxes $128,387
Taxation $36,483.9
Profit for the year from continuing operations $164,870.9
Loss from discontinued
operations ($175,000)
Loss for the year ($10,129.1)
Explanation: First, there was a tax expense on the profit from continuing operations to the tune of $38,516.1 (30% of $128,387) because the company made a gain. Subsequently, there was a deferred tax asset on the loss sustained on discontinued operations of $75,000 therefore resulting in tax asset of $36,483.9.
There is usually a need to report the profit from continuing operations separately from that of discontinued operations so that actual profit and cash flows from continuing operations can be easily recognizable from that of discontinued operations. In that way, the users of the financial statements would be able to distinguish between the two profit lines.
At her neighbor's garage sale, Constance buys a vanity dressing table from her neighbor, Carlos, for $160. Constance purchased the vanity table for her own personal use, without any knowledge that Carlos has signed a security agreement giving All Purpose Furniture Inc. a security interest in the vanity table. All Purpose Furniture did not file a financing statement. Constance does not know that Carlos is still paying off the purchase money security interest and owes All Purpose Furniture, Inc. $400. Under these circumstances:
Constance takes the vanity table free of All Purpose's security interest because she is a buyer of consumer goods.
Answer:
Constance takes the vanity table free of All Purpose's security interest because she is a buyer of consumer goods.
Explanation:
A state government condemned Cory Co.'s parcel of real estate. Cory will receive $750,000 for this property, which has a carrying amount of $575,000. Cory incurred the following costs as a result of the condemnation: Appraisal fees to support a $750,000 value $2,500 Attorney fees for the closing with the state 3,500 Attorney fees to review contract to acquire replacement property 3,000 Title insurance on replacement property 4,000 What amount of cost should Cory use to determine the gain on the condemnation?
Answer:
The amount of cost Cory should use to determine the gain on the condemnation is $581,000
Explanation:
Carrying amount $575,000
appraisal fees to support a $750,000 value $2,500
attorney fees for the closing with the state $3,500
Attorney fees to review contract to acquire replacement property $3,000
Title insurance on replacement property $4,000
The amount of cost Cory should use to determine the gain on the condemnation compared to $750,000 received from state = Carrying amount + appraisal fees to support a $750,000 value + attorney fees for the closing with the state
= $575,000 + $2,500 + $3,500 = $581,000
The Attorney fees to review contract to acquire replacement property and Title insurance on replacement property reduces the net proceeds from the state thereby decreasing the gain. The $3,000 and $4,000 amounts pertaining to the replacement property are not associated with the existing property and do not affect the gain on its condemnation.
Suppose you land a job with Google right out of college. Your economics training is very valuable to them, so you receive a starting annual salary of $65,000. What is the total amount of social insurance taxes for which you will be responsible after your first year of work
Answer:
$4,030
Explanation:
Social Security tax is the tax levied on both employers and employees to fund the Social Security program. The total for the social security tax is 12.4%, so the employees and employers divides it equally among themselves which gives 6.2% each.
So the total amount of tax I will responsible to pay at then end of the first service year will be
= 6.2% * $65000
= $4,030
While the Employer will pay the other part
Hiram has learned to seek attention by engaging in appropriate behavior namely by watching his brother receive attention for hitting and bitting and then imitating his behavior.Hiram has learned to seek attention by engaging inappropriate behavior by using which techniques?
Explanation:
Modeling behavior:
It is also called "Observational learning".
Modeling behavior, imitates the action of another person by observing the person.
Real-life example:
Take an example of infants and child. They learn initially by observing their parents, siblings. When they slowly start moving out of home, they learn from surroundings and so on. Even the elderly learns new language by observing and imitating only.
Conclusion for the situation:
According to the given situation Hiram is actually observing his brother's behavior and imitating the same.
Hiram has learned to seek attention by engaging in inappropriate behaviors through the technique of 3) modeling.
Modeling occurs when individuals observe and imitate the behavior of others. In this case, Hiram has watched his brother receive attention for hitting and biting and has subsequently imitated these behaviors to gain similar attention.
Modeling is a key concept in social learning theory, which posits that people can learn new behaviors by observing and copying others, especially when those behaviors result in rewards or positive reinforcement. By imitating his brother’s actions, Hiram is effectively using modeling to acquire and reinforce inappropriate behaviors, demonstrating how observed actions can influence one’s own conduct.
Complete question:
Hiram has learned to seek attention by engaging in inappropriate behaviors, namely by watching his brother receive attention for hitting and biting and then imitating his behavior. Hiram has learned to seek attention by engaging in inappropriate behaviors by using which of the following techniques?
1) reinforcement
2) token economy
3) modeling
4) extinction
What will be the value of discountRate after the following statements are executed? double discountRate = 0.0; int purchase = 1250; char cust = 'N'; if (purchase > 1000) if (cust == 'Y') discountRate = 0.05; else discountRate = 0.04; else if (purchase > 750) if (cust == 'Y') discountRate = 0.04; else discountRate = 0.03; else discountRate = 0.0;
Answer:
The question is incomplete, the options include:
a. 0.03
b. 0.05
c. 0.04 is Correct
d. 0.0
Explanation:
Seeing that the Purchase is = 1250,
in other words, purchase > 1000 is valid and therefore the first if block is executed.
And cust = ' N ' and,
if implemented and discountRate fixed to 0.04, cust = = ' Y ' is false, and else within first.
Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his division to always give accurate and correct information. Barry is using the ethical initiative called:________.a. leading by example. b. open-book management. c. accepting whistleblowers. d. developinf formal mechanism for dealing with ethical problems.
Answer: A) Leading by example
Explanation:
Leading by example means to act in a way that shows others how to act. Barry has led by example by submitting travel and expense reports that are genuine. This will inspire his employees or subodinates to do same.
Leadership is not about talking the talk, this type of leaders also walks the walk. Leaders expect others to do the right thing by leading from example.
If an oligopolistic industry organizes itself as a cooperative cartel, it will produce a quantity of output that is ________ the competitive level and ________ the monopoly level.
Answer:
Less than, equal to
Under cooperative cartel, an oligopolistic industry behaves like a monopolist, producing output lower than competitive level and equal to the monopoly level.
Explanation:When an oligopolistic industry organizes itself as a cooperative cartel, it will aim to maximize profits by behaving like a monopolist. This implies that it will produce a quantity of output that is less than the competitive level and equal to the monopoly level.
The cartel limits the total output and each firm is assigned a portion of the total output. This decision leads to a higher market price, hence, their output level is lower than what it would be in a perfectly competitive market.
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A(n) ___________________________________ is a collection of programs that manages the database structure and controls access to the data stored in the database.
Answer:
Database Management System
Explanation:
The DMS is a software that is used for improving data sharing, provision of security by limiting access of data to authorized people, integration of the data with other systems and many more. This provides a greater access and control of data to the user of this software.
In a staff meeting, Mark is employing Dr. De Bono’s Six Thinking Hats. Doug expresses all the positives about being open on Thanksgiving. Rashmi presents the data from the last three years on sales from that day. Rafael explains why staying open late on Thanksgiving will not be in the employees or client’s best interests. Sophie explores using the Internet only and not having the brick and mortar stores open. Which color hat would Rafael wear?
Answer:
B) black
Explanation:
Dr. De Bono's decision making technique assigns a hat color to each participant, and the participant's role is determined by the color of the hat. Then participants exchange hats in order to be able to consider another and possible arguments in favor or against a proposal.
White hat ⇒ just the facts please.Yellow hat ⇒ explore the positives and probe for value and benefit. Black hat ⇒ the devil's advocate or why things will not work. Red hat ⇒ express emotions and share feelings. Green hat ⇒ focuses on the possibilities, alternatives, and new ideas. Blue hat ⇒ manages and controls the process.The correct answer is the Black Hat.
In Dr. Edward de Bono's Six Thinking Hats method, each hat represents a different mode of thinking. Rafael is expressing caution and concern about the potential negative consequences of staying open late on Thanksgiving for both employees and clients. The Black Hat is associated with caution and critical judgment, where one looks for weaknesses, problems, and what could go wrong. Rafael's analysis aligns with the critical thinking and risk assessment that the Black Hat represents.
To summarize:
- White Hat: Focus on facts and figures, like Rashmi presenting sales data.
- Red Hat: Emotional view, expressing feelings and intuition without any need for justification.
- Black Hat: Logical negative, looking at the cautious and critical side, focusing on potential problems and risks. This is the hat Rafael would wear.
- Yellow Hat: Logical positive, optimistic view, focusing on values and benefits. This is the hat Doug would wear as he expresses the positives.
- Green Hat: Creative thinking, exploring new ideas and alternatives, like Sophie's suggestion of using the Internet only.
- Blue Hat: Process control, organizing thoughts and managing the thinking process.
Therefore, Rafael would be wearing the Black Hat as he is focusing on the potential negative consequences of the proposal.
_____ is a strategy for reducing risk by buying a variety of items so that the failure of one stock or one business does not doom the entire portfolio. Group of answer choices Diversification Exit planning Retrenchment Downsizing
Answer: Diversification
Explanation: Diversification strategy involves widening the scope of the organization across different products and market sector. Furthermore, it is used to expand firms operations and productivity by adding markets, products, services, or stages of production to the existing business and the main aim of diversification is to minimize the risk by investing in range of products. It helps in reducing the market volatility.
Your company introduced a new product one month ago. Since then, the Website has processed so many orders that the shipping and handling department has become overwhelmed. Also, sales representatives have been overwhelmed with questions about the product. The sales team needs a more efficient way to reduce questions about the new product so they can concentrate on generating more orders. What can your Web team do to help reduce the questions directed to the sales team
Answer: The web team can create a FAQ page.
Explanation: FAQ is an abbreviation for Frequently Asked Questions. A FAQ page is a page on an c ecommerce store, where answers to important questions about a company or its products and services have been stored. This is done to clarify the uncertainties of customers and show them how the company or its products and services work.
This will greatly help the company reduce questions directed to sales team, as customers can easily find answer to their questions in the FAQ page
Helen, a high school teacher, wants her students to actively participate more in class. She has decided to use reinforcement theory to get the required results. Which of the following methods is she most likely to use?
Answer:
She would an extra mark each time to contribute to a topic
Explanation:
Giving extra marks each time students contribute to a topic will increase the participation rate in class as more students will want to make contributions so as to get the extra marks.
Intel has just paid a dividend of $62 per stock. Intel is expected to pay regular annual dividend indefinitely. The growth rate of Intel dividend is expected to be 10% in the first three years and then 3% indefinitely. If you require a return of 8%, how much are you willing to pay (in $) for the stock? Round your answer to at least 2 decimal places.
Answer:
I will pay $1,364
Explanation:
Dividend Valuation method is used to value the stock price of a company based on the dividend paid, its growth rate and rate of return. The price is calculated by calculating present value of future dividend payment.
Formula to calculate the value of stock
Dividend in first years = 62 x 110% = $68.2
Price = Dividend / ( Rate or return - growth rate )
Price = $68.2 / ( 8% - 3% )
Price = $68.2 / 5%
Price = $68.2 / 0.05
Price = $1,364
Martina wants to expand her business. She will need to buy a larger facility and equip it with additional machinery. She should look into the SBA loan program that provides long-term financing for small businesses to acquire real estate or machinery and equipment called the _________.
Answer:
Certified Development Company 504 Loan Program
Explanation:
The US Small Business Administration 504 Loan or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which also means real estate, buildings and machinery, at a price below the normal market rate. Its mission involve boosting the development of various businesses. The SBA offers a number of different loan programs linked to a particular capital need of growing businesses. The 504 program works by sharing the loan among three parties. The business owner puts in a minimum of 10%, a conventional lender which is the bank puts up 50%, and Certified Development Company (CDC) puts up the remaining 40%.
Workhorse Air Crane Corporation employs aircraft mechanics, computer programmers, outside salespersons, and professionals, including pilots. Employees exempt from the Fair Labor Standards Act's overtime provisions include all of the following except
A) aircraft mechanics
B) computerprogrammers.
C) outside salespersons.
D) professionals.
Workhorse Air Crane Corporation employs aircraft mechanics, computer programmers, outside salespersons, and professionals, including pilots. Employees exempt from the Fair Labor Standards Act's overtime provisions include all of the following except (A) aircraft mechanics
Explanation:
Section 13(a)(1) of the Fair Labor Standards Act's-FLSA provides an exemption from both minimum wage and overtime pay for employees who are employed as bonafide executive, administrative, professional and outside sales employees.
Section 13(a)(1) and Section 13(a)(17) of Fair Labor Standards Act's also exempt certain computer employees.
To qualify for exemption under the Fair Labor Standards Act , employees generally must meet certain tests regarding their job duties and be paid on a salary basis at not less than $684* per week.
All purchase/sale transactions are made on credit. The company uses the FIFO method and perpetual inventory system to record transactions. The entry to record the transaction on December 10 will involve a debit to Cost of Goods Sold for _____.
The entry to record the transaction on December 10 will involve a debit to Cost of Goods Sold for the cost of the oldest inventory on hand.
Explanation:When using the FIFO method and perpetual inventory system to record transactions, the entry to record a purchase/sale transaction on December 10 involves a debit to Cost of Goods Sold for the cost of the oldest inventory on hand.
This means that the cost of the first inventory items purchased will be transferred to the Cost of Goods Sold account. The specific dollar amount will depend on the cost of those items.
For example, if the cost of the oldest inventory on hand is $100, the entry to record the transaction would be a debit to Cost of Goods Sold for $100.