A company issues $500,000 of 6%, 10-year bonds dated January 1, 2017 that mature on December 31, 2026. The bonds pay interest semiannually on June 30 and December 31 each year. If bonds are sold at par value, the issuer records:________

Answer:

T(25) = 5.325 min

T (10) = 94.72 min

Explanation:

given data

time taken = 15 min

learning curve = 80%

solution

we use here formula for this task that is

T(n) = T × [tex](No)^{b}[/tex]    .............1

here T(n) is time taken for n unit and T is time for 1st hour and No is no of time and b is slope leaning

put here value for 25 we get

T(n) = 15 × [tex]25^{b}[/tex]

b(25) = 0.355

as leaning curve coefficient table

as here with 80% leaning curve

unit timer coefficient = 0.355

so T(25) = 15 × 0.355

T(25) = 5.325 min

and

for 10 exam

leaning curve 80% co efficient is 6.315 from table

so T (10) = 15  ×  6.315

T (10) = 94.72 min

Professor Laurie Macdonald will take approximately 44.9 minutes to grade the 25th exam and approximately 26.6 minutes to grade the first 10 exams.

To determine how long it will take Professor Laurie Macdonald to grade the exams, we can use the concept of a learning curve. An 80% learning curve means that each time the number of exams doubles, the time required to grade them reduces by 20%.

a) To find out how long it will take to grade the 25th exam, we can use the formula: time = initial time x (number of exams/initial number of exams)^(log of learning curve % / log of 2). Plugging in the values, we get time = 15 x (25/1)^(log(0.8) / log(2)) which equals approximately 44.9 minutes.

b) To find out how long it will take to grade the first 10 exams, we can use the same formula but with a different number of exams. Plugging in the values, we get time = 15 x (10/1)^(log(0.8) / log(2)) which equals approximately 26.6 minutes.

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Answer:

correct option is b. $80,000

Explanation:

given data

cash sale = $100,000

gain on sale = $10,000

Purchase of equipment = $20000

bonds for cash =  $50,000

solution

we get here net cash that provide by investing activity that is

net cash = cash sale of land - Purchase of equipment   ..............1

put here value and we get

net cash = $100,000 - $20000

net cash = $80000

so correct option is b. $80,000

Answer:

A $6,691.13

semiannual Amount $6,719.58

bimonthly Amount $6,739.24

IF bimonthly:

[tex]Principal \: (1+ r)^{time} = Amount[/tex]

Principal 5,000.00

time 30.00

rate 0.01000

[tex]5000 \: (1+ 0.01)^{30} = Amount[/tex]

Amount 6,739.24

IF rate is 12%

yearly Amount 8,811.71

semiaanual Amount 8,954.24

bimonthly  Amount 9,056.81

IF time is 12 years:

yearly Amount         10,060.98

semiannual Amount 10,163.97

bimonthly Amount 10,235.50

As time horizon increase

as subperiord of capitalization increases

or as rate increases

the final future value increases as well.

Explanation:

[tex]Principal \: (1+ r)^{time} = Amount[/tex]

Principal 5,000.00

time 5.00

rate 0.06000

[tex]5000 \: (1+ 0.06)^{5} = Amount[/tex]

Amount 6,691.13

IF semminannual:

[tex]Principal \: (1+ r)^{time} = Amount[/tex]

Principal 5,000.00

time 10.00

rate 0.03000

[tex]5000 \: (1+ 0.03)^{10} = Amount[/tex]

Amount 6,719.58

IF bimonthly:

[tex]Principal \: (1+ r)^{time} = Amount[/tex]

Principal 5,000.00

time 30.00

rate 0.01000

[tex]5000 \: (1+ 0.01)^{30} = Amount[/tex]

Amount 6,739.24

IF rate is 12%

[tex]5000 \: (1+ 0.12)^{5} = Amount[/tex]

Amount 8,811.71

semiaanual:

[tex]5000 \: (1+ 0.06)^{10} = Amount[/tex]

Amount 8,954.24

bimonthly:

[tex]5000 \: (1+ 0.02)^{30} = Amount[/tex]

Amount 9,056.81

IF time is 12 years:

[tex]5000 \: (1+ 0.06)^{12} = Amount[/tex]

Amount 10,060.98

semiannual:

[tex]5000 \: (1+ 0.03)^{24} = Amount[/tex]

Amount 10,163.97

bimonthly:

[tex]5000 \: (1+ 0.01)^{72} = Amount[/tex]

Amount 10,235.50

Answer:

A

Explanation:

Middle-level managers, or middle managers, are those in the levels below top managers. Middle managers' job titles include: General manager, Regional manager, and Divisional manager. etc.

Middle-level managers are responsible for carrying out the goals set by top management. Middle managers may also communicate upward, by offering suggestions and feedback to top managers. However, at the managerial level, of the organization, all functional managers, which are called the midlevel managers, focus on automation of the monitoring and controlling of the operational-level activities and provide information to higher levels of the organization. They in turn, they improve the organizational effectiveness.

Answer:

$182,083

Explanation:

The computation of the total assets by considering the total assets turnover is shown below:

Total assets turnover = Sales ÷ total assets

2.4 = $415,000  ÷ total assets

So, the total assets equal to

= $415,000 ÷ 2.4

= $172,917

So, the assets is reduced by

= Year-end total assets - calculated assets

= $355,000 - $172,917

= $182,083

Answer:

D. external failure costs  

Explanation:

External failure costs  -

It refers to the amount of money suffered , because of any defect in the products , after being sold to the customers , is referred to as the external failure costs .

It includes the cost like -

warranty costs , return of product cost , product recalls , etc .

Hence , from the given statement of the question ,

The correct option is D. external failure costs  .

Answer:

Cost of goods manufactured = 337,640

Explanation:

The question is to compute Tomlin's Cost of Goods Manufactured Schedule of the Month of April and this is done as follows:

TOMLIN COMPANY COST OF GOODS MANUFACTURED SCHEDULE FOR THE MONTH OF APRIL

Description                                            Amount ($)                        Amount ($)

Beginning Work-in-progress                                                                4,840

Direct Materials:

Beginning Raw materials                       10,500

Add: The Purchases                                97,700

Raw materials available                         108,200

Subtract: Closing Raw materials             (14,000)

Direct Material Used                             94,200

Direct Labour                                          80,300

Manufacturing Overhead                      162,000

Total Work-in-progress cost                                                               341,340

Subtract ending work-in-progress                                                        3,700

Cost of Goods manufactured                                                             337,640

Answer:

IRR 1.50%

It will receive 300,000 dollars when:

250,000 is return of capital and 50,000 will be considered profit.

Explanation:

1,000 x 300 months = 300,000 dollars

The IRR will make the payment match the present value of the $250,000 principal

That will be the yield of the investment.

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 1,000.00

time 300

rate 0.001251129 ( we solve for the rate using excel goal seek or a financial calcualtor

[tex]1000 \times \frac{1-(1+0.00125112927898874)^{-300} }{0.00125112927898874} = PV\\[/tex]

PV $250,000.0000

Now, as this are monthly payment we multiply by 12 to get the annual convertible rate:

0.001251129 x 12 = 0.015013551

rate = 1.50% per year

The total cash received on the investment would be $300,000. The return of the capital is $75,000, and therefore the profit is $225,000. We don't have enough information to accurately calculate the Internal Rate of Return (IRR).

The Internal Rate of Return (IRR) for an investment is a discount rate that makes the net present value (NPV) of all cash flows (both incoming and outgoing) from a particular project equal to zero. We don't have enough information in the question to calculate the IRR here, but it's typically found using an iterative numeric method. The total cash received on this investment would be $1,000 times 300 months, which is $300,000. The return of capital, or the original amount invested, is $75,000. Profit can thus be calculated by subtracting the original investment from the total return- so, $300,000 minus $75,000, equals $225,000.

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Answer:

(A) Long- term debt

Explanation:

Financing via issue of long term bonds represents long term debt financing.

Bonds refer to those securities issued by an issuer (or lender) to a borrower, bearing a fixed rate of interest payable on timely basis as well as repayment of principal at the end of the term.

Long term financing is generally for a period which is greater than one year. Usually long term financing is resorted to by a corporation when capital outlay of funds required, or investment in long term projects such as building, purchase of machinery etc which involve sizable funds.

Bonds carry interest obligation in the sense borrower has to pay interest on timely basis.

Answer:

Cost of the VAN $53.298‬

Explanation:

We have to enter the van as the cost for a cash purchase and all other neccesary cost to get the van ready for use and in company's possesion.

The financing cost (interest) should be excluded as are not part of the cost the company can chose to take them or not.

list x reduction = invoice

invoice  less discount = cash price

60,000 x (1 - 0.13) x (1 - 0.01) = 51.678‬

to this, we add up the sales tax and the extra cost for the device

51,678 + 860 + 760 = 53.298‬

Answer:

direct labor cost $ 1,99 overhead per dollar of labor

direct labor hours $ 16,12 overhead per labor hour

machine hours  $ 7,54 overhead per machine hour

Explanation:

We will sovle for the predeterminated overhead rate considering each of the three cost driver (activity base)

[tex]\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate[/tex]

We divide the expected overhead over the cost driver chose by the company. In this case we have thre candidates:

direct labor cost:

822,000 / 414,000 =1,9855

direct labor hours

822,000 / 51,000  = 16,117647

machine hours

822,000 / 109,000 = 7,5412844

Final answer:

To calculate the predetermined overhead rate for each activity base, divide the total estimated overhead costs by the estimated activity base. The rates are $1.99 per dollar of direct labor cost, $16.12 per direct labor hour, and $7.54 per machine hour.

Explanation:

The student is asking how to compute the predetermined overhead rate for each activity base using the estimated annual manufacturing overhead costs and the estimated annual operating activity bases. To find the rates, we need to divide the total estimated overhead costs by the estimated activity base for each of the three activity bases provided: direct labor cost, direct labor hours, and machine hours.

The predetermined overhead rate based on direct labor cost is calculated as follows: $822,000 / $414,000 = $1.99 per dollar of direct labor cost.

The predetermined overhead rate based on direct labor hours is calculated as follows: $822,000 / 51,000 hours = $16.12 per direct labor hour.

The predetermined overhead rate based on machine hours is calculated as follows: $822,000 / 109,000 hours = $7.54 per machine hour.

Answer: (C) Shakeout stage

Explanation:

 The shakeout stage is one of the term which is used to refers to the business that helps in describe about the various types of industries which is specifically eliminating due to the competition factor in the market.

The shakeout stage is basically occur when an organization is experience a quick growth and then generating the various types of negative flowing in terms of cash.

According to the given question, the shakeout stage is one of the type of industry life cycle stage in the television industry that helps in holding the shrinking market place.    

 Therefore, Option (C) is correct answer.

Answer:

The correct answers are numbers (III) and (IV): Account payable to a supplier that is due next week; Loan payable to the bank in 10 months.

Explanation:

Current Liabilities are company debts due within one year or one operating cycle, whichever is greater. An operating cycle is a time it takes the company to purchase inventory and convert it into cash from sales. Current liabilities include items such as account payable, short-term debt, and taxes payable. They are handled separately from long-term liabilities, which include long-term borrowing, bonds payable, and long term lease obligations.

Current liabilities include account payables and loans due within one year.

The current liabilities are obligations that are expected to be settled within one year or the operating cycle of a business, whichever is longer. From the given options,

Therefore, options III and IV, the account payable to a supplier that is due next week and the loan payable to the bank in 10 months, are included in current liabilities.

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Answer:

That statement is true

Explanation:

High leverage innovators refers to  the group of innovators that could create inventions that change the way the market operates. They tend to put really high investment in their research /development but will obtain a really large chunk of profit if they're successful.

These innovators tend to believe that their innovations will change how society generates most of its GDP (cultural priority)

Example of high-leverage innovators are companies like Google or Tesla, whose products could completely disrupt the market and change the life of most people.

Final answer:

The statement is true; innovation requires a supportive culture within an organization where change is championed by leaders and embraced by innovators, early adopters, and an early majority. This cultural embrace of innovation is essential for an organization's competitive advantage and successful evolution.

Explanation:

The statement that product innovation is more than a process and that at high-leverage innovators, innovation is a cultural priority is true. Innovation is deeply embedded in the culture of effective organizations, particularly in the high-tech industry where adaptability and innovativeness can provide a competitive edge. In contrast, a culture resistant to change may result in organizational failure and act as a barrier to risk-taking and transformation.

Innovation within an organization requires a supportive culture. This includes having innovators who bring fresh ideas into the organization, early adopters who support these new concepts, and an early majority that helps to mainstream innovation. Moreover, leaders within the organization must champion the innovations and provide the necessary resources and environment for innovation to flourish.

Effective leaders understand the importance of inspiring cultural change rather than commanding it. They acknowledge the implicit and explicit cultural norms and craft strategies to encourage acceptance and implementation of innovations, understanding the pivotal role employees play in this transformation.

Answer:

Explanation:

As per sources people take advantage of the welfare programs and do not necessarily need these programs. Recently, the Trump Administration has been discussing welfare reform for this reason. They say it is not fair to those who need it most. One could assume then, that their reforms aim to make the qualifications for welfare programs more strict by trying to find out an=bout those who to take advantage of the system. Hence individuals shall be evaluated on individual basis for better allocation of the program.

Corporate welfare continues due to economic and political influence, tax incentives, and fiscal priorities, while individual welfare programs have seen revisions to address concerns of dependency and promote self-sufficiency.

The reason why corporate welfare has continued while individual welfare programs have undergone significant revisions is due to several factors:

On the other hand, individual welfare programs have seen revisions due to concerns about the impact of long-term welfare dependency and the desire to promote self-sufficiency. These revisions often involve stricter eligibility requirements, time limits for benefits, and a focus on job training and employment opportunities.

Overall, the continuation of corporate welfare alongside revisions to individual welfare programs can be attributed to a combination of economic, political, and policy considerations.

Answer:

Find the answers in the excel file attached.

Explanation:

The impact of the accounting equation has been shown as well.

Every business transaction under the accrual basis has effects on the accounting equation. This includes changes to assets, liabilities, and stockholders' equity depending on the nature of the transaction. Examples are provided to demonstrate these effects.

The accrual basis of accounting recognizes revenue when it is earned and expenses when they are incurred, regardless of when the money is actually paid or received. For each business transaction, there's an effect on the accounting equation, which is Assets = Liabilities + Stockholders’ Equity.

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Answer:

The correct answer is letter "A": Demonstrate a commitment to ethical decision making.

Explanation:

If managers of companies desire their employees to adopt certain behavior -regardless of what behavior it is, they must set the example. In the case of ethics, executives should commit to and promote fairness among the institution so employees can correspond to that behavior in the same way.

Answer:

b. is one applied in state regulation of interstate commerce.

Explanation:

In this context, the clause of commerce of constitutional origin, imports a legal center of imputation of powers in favor of the Federal State, or what is the same, of restriction for the premises, with an unimaginable scope, because in it - as we will see - It fits all assumptions of economic activity, whether heavily intervened by the State, or, where appropriate, openly liberalized. So that all commercial activity, whatever its state regulation, is framed in the assumptions of this device. But it is more, in her the regulation of all current public service or that in the future could be created is inserted.

Normally it is pronounced that there are as many different forms of federalism as countries ascribe to this particular form of state, which is determined by the dissimilar expansion of powers between each of the structures that comprise it, central and local. In some, more centralized ones, the balance of the distribution of competences is inclined towards the side of the central State, while in others, more peripheral, it is towards the subunits that conform it, and this is called the balancing test.

Answer:

The correct answer is $10,160.38

Explanation:

According to the scenario, the given data are as follows:

Future value = $12,350

Number of years (n) = 4 years

Discount rate (r) = 5%

Hence, Present value can be calculated by following formula:

Future value = Present value [tex]( 1 + r )^{n}[/tex]

$12,350 = Present value [tex]( 1 + 0.05 )^{4}[/tex]

Present value = [tex]\frac{$12,350}{1.05^{4} }[/tex]

Present value = $10,160.38

Hence, the correct answer is $10.160.38

Answer:

A) Prepare the revenues section of the income statement.

                                     Lopez Company

         Income Statement for the year ended MM DD, YY

Sales Revenue                              $852,850

-Sales Returns and Allowances   $24,030

-Sales Discounts                           $12,760

= Net Sales                                   $816,060

B) Prepare separate closing entries for

(1) sales

                                                          Dr.                 Cr.

Sales                                            $852,850

Income Summary                                               $852,850

(2) the contra accounts to sales.

                                                          Dr.                 Cr.

Income Summary                        $36,736

Sales Returns and Allowances                         $24,030

Sales Discount                                                   $12,706

The revenues section of the income statement is prepared by deducting sales returns and allowances and sales discounts from the total sales revenue. Closing entries for sales involve debiting the Sales Revenue account and crediting the Income Summary (or Retained Earnings) account. The contra accounts to sales are also closed by debiting them and crediting the Income Summary (or Retained Earnings) account.

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Answer:

The correct answer is letter "C": realistic.

Explanation:

American psychologist John L. Holland (1919-2008) proposed a theory summarizing people's personalities in six (6) types: Realistic, Investigative, Artistic, Social, Enterprising, and Conventional. Realistic individuals tend to be shy, genuine, persistent, stable, confirming, and practical. They usually work as mechanics, drill press operators, assembly-line workers or farmers.

Thus, in Holland's Typology of Personalities Monica would be considered as realistic.

Answer:

The Federal Reserve System

Explanation:

The Federal Reserve System represents the United State's Central bank. It is also called either the Fed or the Federal Reserve.

Created by the U.S. congress, the Fed is in charge of the affairs of the financial system of the United States. Specifically, it was created to ensure that the financial system is flexible, safe and monetarily stable.

The Fed regulates banking activities, maintains the stability of the financial system and is also in charge of the monetary policies adopted in the United States.

Answer:

A) Type of Buying Situation

Explanation:

KAM refers to the Key Account Management and it represents an approach in product sales where the manufacturer or supplier of a product works in close contact with the consumer or client simply to get a better understanding of their common goals and also ensure that both parties achieve their objectives.

Since the objective of KAM is find out the buyer's goal or objective, the right choice is Type of Buying Situation.

Type of Buying Situation is an aspect of consumer behaviour monitoring where the actions of individuals, organisations or groups and their product decisions ranging from use, buying options, processes among others are studied. This is done buy manufacturers to better meet the need of the consumers and the society at large.

The new task being employed, the modified rebuy and straight rebuy options are Type of Buying Situation Major Decisions.

Final answer:

The segmentation variable used when determining if a buyer is involved in a new task, modified rebuy, or straight rebuy is the 'Type of buying situation'.

Explanation:

When a Key Account Manager (KAM) determines whether a buyer is involved in a new task, modified rebuy, or straight rebuy decision-making process, they are employing segmentation based on the Type of buying situation. This considers the degree of effort and information processing a buyer must engage in when making a purchase decision. New tasks require significant research and decision-making, modified rebuys involve some comparison and deliberation as conditions have changed since the last purchase, and straight rebuys are routine purchases with little to no new information required.

Answer:

the value of the stock (the discount value of the free cash flow) will be $ 32.87

Explanation:

sales are 600,000

the free cash flow is 15% of this amount

600,000 x 15% = $90,000

This will grow at 8% during three years

and then indefinitely at 3%

We will use the gordon model to solve for the value a single share:

First we calculate the cashflow:

90,000      x 1.08  = 97,200

97,200      x 1.08 = 104,976

104,976     x 1.08 = 113,374.08

113,374.08 x 1.03 = 116,775.30

Then, we discount as the present value of a lump sum.

[tex]\frac{Cashflow}{(1 + rate)^{time} } = PV[/tex]

The 5th year will used to calculate the present value of all the future cash flow:

113,775.30/ (0.14-0.03)

and then discounted.

[tex]\left[\begin{array}{ccc}Year&cashflow&PV\\1&90,000&78,947.3684\\2&97,200&74,792.2438\\3&104,976&70,855.8099\\4&113,374.08&67,126.5567\\4&116,775.3024&628,548.6676\\&TOTAL&920,270.6464\\\end{array}\right][/tex]

Then, we divide by the number of shares to get the value of a share:

920,270.65 / 28,000 shares outstanding = 32,8668 = $ 32.87

Final answer:

To calculate the estimated current value of one share of stock for Duplan Street Mills, we accurately determine the present value of future net cash flows which are a percentage of sales, discounted by the firm's required return rate of 14 percent and divide by the number of shares outstanding.

Explanation:

To estimate the current value of one share of stock for Duplan Street Mills, we need to calculate the present value (PV) of future net cash flows. We start by determining net cash flow, which is 15 percent of sales. Next year's sales are expected to be $600,000, so next year's net cash flow will be $600,000 × 0.15 = $90,000. For the following three years, sales will grow by 8 percent annually, and thereafter, at a constant 3 percent. We discount these cash flows to their present value using the required return rate of 14 percent.

To calculate the perpetual growth from year four onward, we use the formula for the present value of a growing perpetuity, PV = C / (r - g), where C is the cash flow at the perpetuity starting point, r is the discount rate, and g is the growth rate. We then sum the PVs of all these cash flows and divide by the number of shares outstanding to find the price per share.

Please note that the provided example mentioning a price per share of $256,500 and the mention of a 15% interest rate are incorrect and not relevant to Duplan Street Mills' scenario. The 15% refers to the percentage of sales that are net cash flow, not the discount rate. Also, the correct required return rate for this firm is 14 percent, not 15 percent.

Answer:

Cost of Goods Sold will decrease by $2,679 after proration.

Explanation:

Under-applied or over applied overhead:

= Overhead incurred - Overhead applied

= $76,000 - $79,700

= (-$3,700)

Therefore, the Cost of Goods Sold after the proration:

= (over applied overhead × Overhead applied to COGS) ÷ Total overhead applied to cost of goods sold and finished goods

= ($3,700 × $57,700) ÷ ($57,700 + $22,000)

= $213,490,000 ÷ $79,700

= $2,679

Hence, the Cost of Goods Sold will decrease by $2,679 after proration.

Final answer:

The current account balance can be calculated using the national saving and investment identity. The formula is: Current Account Balance = Total Domestic Savings - Total Domestic Physical Capital Investment - Government Budget Deficit.

Explanation:

The current account balance can be calculated using the national saving and investment identity. The formula is: Current Account Balance = Total Domestic Savings - Total Domestic Physical Capital Investment - Government Budget Deficit. In this case, the government budget deficit is $100 billion, total domestic savings is $1,500 billion, and total domestic physical capital investment is $1,600 billion.

Using the formula, the current account balance would be: Current Account Balance = $1,500 billion - $1,600 billion - $100 billion = -$200 billion.

If the investment rises by $50 billion, while the budget deficit and national savings remain the same, the new current account balance would be: Current Account Balance = $1,500 billion - $1,650 billion - $100 billion = -$250 billion.

Answer:

The double entries required for the dividends are itemized below:

Jan.12 (Declaration date)

DR Retained earnings  $56,300

CR Dividends payable                 $56,300

Mar.13( Record date) no entry is required.

Apr.12(Payment date)

DR Dividends payable $56,300

CR Cash                                        $56,300

Explanation:

On the declaration date,entry is required to show that the company has an obligation to pay dividends to shareholders by crediting dividends payable account and debiting retained earnings(since dividends are paid from accumulated earnings of the business)

On the date the dividends are recorded, no entry is required because that  is just a mere record filling.

Lastly,when the dividends are paid, actual movement of cash should be recognized in the books by debiting dividends payable account while crediting cash account.

Answer:

Product Safety Law

Explanation:

The Food and Drugs Administration is an agency that regulates and control product in line with best safety practice in the country. the ban on nofon (a key ingredient in vitamin, suggest that the product of the company if produced with nofon violates the regulatory agency pronouncement. Being a product regulatory agency, they work to ensure the safety of comsumer product available to end users.  

The company would be exposed to regulatory fines and posible closure.

Answer:

Explanation:

The categorization is shown below:

1. Cash $ = Assets

2. Accounts receivable =  Assets

3. Common stock = stockholders’ equity

4. Notes payable = liability

5. Buildings   = Assets

6. Mortgage payable   =  liability

7. Inventory = Asset

8. Income taxes payable = Liability

9. Equipment = Asset

10. Retained earnings = Stockholder equity

11. Accounts payable = Liability

Now the amount for each classification is

Assets

Cash    $2,366.7

Accounts receivable  $2,959.6

Inventory  $2,357.80

Equipment  $1,610.4

Buildings  $3,847.50

Total assets  $13,142

Liabilities

Notes payable  $332

Accounts payable  $2,420.60

Mortgage payable  $1,020.90

Income taxes payable  $80.3

Total liabilities  $3,853.8

Stockholders' Equity

Common stock   $2,943.1

Retained earnings  $6,346.1

Total stockholders' equity $9,289.20

b. Total assets = Total liabilities + Shareholder equity

$13,142 = $3853.8 + $9,289.2

The correct way to classify the items will be as under:-

(A)

Assets - Cash, accounts receivable, buildings, inventory, equipment.

Liabilities - Notes payable, mortgages payable, accounts payable, Income Taxes payable.

Stockholder's equity - Common Stock and retained earnings.

(B)

Total assets = $13,142.

Total liabilities= $3853.8

Stockholder's equity= $9289.20

Hence, the classification of items are computed as above into total assets, total liabilities and stockholder's equities.

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Answer:

The correct answer is letter "A": True.

Explanation:

Starting operations in different countries is a challenge for companies. In those regions where offering standardized products is not welcomed, the firm is obligated to open a subsidiary to identify local consumer preferences and adapt their product to regional needs.