Answer:
$37.39
Explanation:
The computation of the approximate current share price is shown below:
But for this, first we compute the current value which is shown below:
= Next year dividend ÷ (Required rate of return - growth rate)
where,
Current year dividend
For one year
= $2.5 + $2.5 × 20%
= $2.5 + 0.05
= $3
For next year
= $3 + $3 × 20%
= $3 + 0.6
= $3.60
For the third year
= $3.60 + $3.60 × 6%
= $3.60 + 0.216
= $3.816
Now the current value is
= ($3.816) ÷ (15% - 6%)
= $42.4
Now the current share price is
= $3 ÷ 1.15 + $3.6 ÷ 1.15^2 + $42.4 ÷ 1.15^2
= $2.61 + $2.72 + $32.06
= $37.39
ABC current share price is $33.21.
Here, we are going to calculate the current share priceof ABC using the information in the question.
D1 = Recent dividend * (1 + 20%)
D1 = ($2.5*1.2)
D1 = $3
D2 = Recent dividend * (1 + 20%)
D2 = ($3*1.2)
D2 = $3.6
Value after year 2 = (D2 * Growth rate) / (Discount rate - Growth rate)
Value after year 2 = ($3.6*1.06) / (0.15 - 0.06)
Value after year 2 = $42.4
Current share price = Future dividends*Present value of discounting factor (15%,time period)
Current share price = $3/1.15 + $3.6/(1.15)^2 + $42.4/(1.15)^2
Current share price = $2.61 + $2.72 + $27.88
Current share price = $33.21
Therefore, ABC current share price is $33.21.
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9. Do you believe it is possible for a global company to simultaneously achieve the goals of global efficiency and integration, national responsiveness and flexibility, and the worldwide transfer of knowledge and innovation? Discuss.
Explanation:
Let us understand the term, "Global Company".
Any company which is known for its business world-wide is termed as "Global company".
The given statement in the question is true. Yes a global company can achieve everything listed.
Since the company is efficient, they can start business all over the world.
Definitely the can span across the world, only by first satisfying the need of the nation.
Surely they will be known for innovation, because the 21st century needs innovation and a company can be popular only if it shows innovating ability.
All the given achievement is possible to get fulfilled.
Final answer:
A global company can strive to achieve multiple goals, including efficiency and ethical conduct, with the implementation of a universally enforced ethics code being one aspect of such an endeavor. Balancing global standards with local cultural norms and values is a challenge, but managing a workforce with diverse ethical views through an inclusive environment is crucial. Globalization's impact is debated, but respect for local contexts is essential.
Explanation:
Global Company Goals and Ethical Codes
The question of whether a global company can achieve global efficiency and integration, respond effectively to national markets, and facilitate the transfer of knowledge and innovation is nuanced. It requires balancing the complex dynamics of international business practices, differing cultural values, and rapidly evolving global markets.
Business ethics and corporate social responsibility are crucial in this context. An ethics code provides a foundation for uniform conduct, which supports global efficiency. Moreover, such a code is essential not only to maintain a positive corporate image but also to ensure adherence to international laws and respect for human rights. However, enforcing this code globally can be challenging due to varied cultural norms and ethical standards. To manage a diverse workforce, organizations must foster an inclusive environment that respects these differences while upholding core ethical standards.
The debate surrounding globalization's impact often touches on whether it fosters a better world. While globalization can lead to increased efficiency and knowledge transfer, it must be tempered by sensitivity to local contexts. Globalization theories suggest that traditional cultures may either adapt to, resist, or integrate with global economic forces. The integration of a global ethics code, understanding of local customs, and the promotion of fair knowledge transfer practices can thus be components of a successful global corporate strategy.
Our account manager, Amanda, graduated from college in 1997. Put the toner refill near the printer.
Select the sentence where the idea is clearer.
A. You can copy that section by highlighting the corresponding text box icon in the left frame of the document editor or by selecting the text box itself.
B. You can copy that section by highlighting the corresponding text box icon in the left frame of the document editor or selecting the text box itself
C. I was more interested in the presenters' software solutions than their recommendations for personnel training.
D. This year we hired one new employee, but management plans to lift the hiring ban next year and hire ten more employees.
E. This year we hired one new employee, but next year we will hire ten more.
You can copy that section by highlighting the corresponding text box icon in the left frame of the document editor or by selecting the text box itself.
I was more interested in the presenters' software solutions than their recommendations for personnel training.
This year we hired one new employee, but next year we will hire ten more.
Answer: Options a, c and e.
Explanation:
In the sentences that have been selected above are the sentences which are the clearer options out of all the options which are presented in the question given.
These sentences give the meaning in a very clear way and it can be perceived.
Final answer:
The clearest statement is option E, which articulates the hiring plans succinctly. Additionally, concise revisions for the provided passages have been created, eliminating redundancy and simplifying the language.
Explanation:
The sentence where the idea is clearer is E. This year we hired one new employee, but next year we will hire ten more. This sentence is concise and directly to the point, clearly stating the hiring plans for this year and the next without any additional, unnecessary information that could cloud the meaning.
When editing for concision, a revised version of the passages given might look like:
Every student deserves competent instruction in all key academic areas and should have enough time and help to master basic skills.When faced with an unavoidable bureaucratic process, it's crucial to document every detail of the case for all parties involved.These edits remove redundant phrases and simplify the sentences, making them more concise while preserving their original meaning.
Victory Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly thorughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 700,00 units of product to finished goods. At the end of November, the goods in process inventory consist of 180,000 units that are 30% complete with respect to labor. Beginning inventory had $420,000 of direct materials and $139,000 of direct labor costs. The direct material cost added in November is $2,220,000, and the direct labor costs added is $3,254,000. Required: 1. Determine the equivalent units of production with respect to (a) direct labor and (b) direct materials. 2. Compute both the direct labor cost and the direct materials cost per equivalent unit. 3. Compute both direct labor cost and direct materials cost assigned to (a) units completed and transferred out and (b) ending goods in process inventory.
Answer and Explanation:
The answer is attached below
A hospital dietitian prepares breakfast menus every morning for the hospital patients. Part of the dietitian’s responsibility is
to make sure that minimum daily requirements for vitamins A and B are met. At the same time, the cost of the menus must
be kept as low as possible. The main breakfast staples providing vitamins A and B are eggs, bacon, and cereal. The vitamin
requirements and vitamin contributions for each staple follow:
Vitamin Contributions
Vitaminmg/Egg mg/Bacon Stripmg/Cereal CupMinimum Daily Requirements
A 2 4 1 16
B 3 2 1 12
An egg costs $0.04, a bacon strip costs $0.03, and a cup of cereal costs $0.02. The dietitian wants to know how much of
each staple to serve per order to meet the minimum daily vitamin requirements while minimizing total cost.
a. Formulate a linear programming model for this problem.
b. Solve the model by using the computer.
Answer:
2 eggs, 3 bacon strips, no cereal for a minimum cost of $0.17
Explanation:
Optimization
We are required to find the optimum values for each staple to serve per order of breakfast to reduce the cost at a minimum while meeting the minimum daily vitamin requirements.
Each staple contributes in different amounts to the daily vitamin requirements. One egg costs $0.04 and provides 2 units of vitamin A and 3 of vitamin B
One bacon costs $0.03 strip provides 4 units of vitamin A and 2 of vitamin B
One cup of cereal costs $0.02 provides 1 unit of vitamin A and 1 of vitamin B
Let's assume we serve x eggs, y bacon strips and z cups of cereal per breakfast unit. The total contribution to vitamin A is 2x+4y+z and it must be not less than 16, thus
[tex]2x+4y+z \geq 16[/tex]
The total contribution to vitamin B is 3x+2y+z and it must be not less than 12, thus
[tex]3x+2y+z \geq 12[/tex]
The total cost is
[tex]C=0.04x+0.03y+0.02z[/tex]
a. The linear programming model for this problem is
Minimize
[tex]C=0.04x+0.03y+0.02z[/tex]
Subject to
[tex]2x+4y+z \geq 16[/tex]
[tex]3x+2y+z \geq 12[/tex]
[tex]x \geq0,\ y\geq 0,\ z\geq 0[/tex]
b. We used Excel's solver to find the optimum solution for x, y, and z as follows
x=2 eggs, y=3 bacon strips and z=0 cups of cereal, which produce the minimum cost
C=$0.17
Linear programming model is given by [tex]2x+4y+z\geq 16[/tex] and [tex]3x+2y+z\geq 12[/tex] and the value of (x = 2), (y = 3), and (z = 0). The total cost is $0.17 and this can be determined by using the given data.
Given :
A hospital dietitian prepares breakfast menus every morning for the hospital patients.Part of the dietitian’s responsibility is to make sure that minimum daily requirements for vitamins A and B are met.The main breakfast staples providing vitamins A and B are eggs, bacon, and cereal.An egg costs $0.04, a bacon strip costs $0.03, and a cup of cereal costs $0.02.Let the total number of eggs be 'a', the total number of bacon strips be 'b', and the total number of cereal be 'c'.
The total contribution to vitamin A is given by:
[tex]2x+4y+z\geq 16[/tex]
The total contribution to vitamin B is given by:
[tex]3x+2y+z\geq 12[/tex]
The total cost is given by:
C = 0.04x + 0.03x + 0.02z
b) by using the excel solver in order to find the values of x, y, and z.
x = 2 eggs
y = 3 bacon strip
z = 0 cups of cereals
So, the value of C is:
C = $0.17
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Employees who use the flextime option have to ________. work from the office for three days of the week work from home on a relatively permanent basis work from the office during the common core period and put in the extra hours per their convenience work from the office based on a schedule fixed with the compatible partner they function with work from home only two days a week
Answer:
Work from the office during the common core period and put in the extra hours per their convenience
Explanation:
Employees who are entitled for the flextime can work and align their work-life balance as per their conscience. For example, they can work less hours in one week and they can balance this time shortage by working more and extra hours in the coming weeks. They are very much open in varying their working hours. As all other employees are needed to work in the designated time but the employees working under this facility, besides working the core hours has the option to use and put their extra hours in the time sheet as per their conscience. It has been seen often that the employee working under flextime are more productive and creative as compared to the other employees.
Kingbird, Inc. wrote checks totaling $43810 during October and $47839 during November. $41660 of these checks cleared the bank in October, and $46735 cleared the bank in November. What was the amount of outstanding checks on November 30
Answer:
$3,254
Explanation:
The computation of the amount of outstanding checks on November 30 is shown below:
But first we have to determined the outstanding amount in October which is
= Check written in October month - check cleared in October month
= $43,810 - $41,660
= $2,150
So the outstanding checks amount in November month is
= Outstanding balance in October + checks written in November month - checks cleared in October month
= $2,150 + $47,839 - $46,735
= $3,254
Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization collects enough donations to stop the farm's pollution.Which of the following types of private solutions to the externality of pollution has occurred in this case?a. (Contacts, moral codes and social sanctions, integration of different types of businesses through merger or acquisition)b. It’s important to note that sometimes private solutions to externalities do not work. For example, this occurs when the number of parties involved is so large that it makes...(government action the only viable solution, the market failure from the externality unimportant, coordinating negotiations among all of the parties too costly)
Answer:
See attached photo.
Explanation:
Refer to the photo attached.
The purposes of charity must fall into categories that are legally charitable. These are things like preventing or alleviating poverty or promoting art, culture, heritage or science.
It must be established exclusively for the so-called public good (see below). This means that its sole purpose is to be charitable. Charities cannot make a profit. All the money they collect must be used to achieve their goals. A charity cannot have owners or shareholders who benefit from it.
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Blogging on a regular basis represents an enormous opportunity for growth and a far-reaching presence. Check all that apply How do organizations utilize blogs? Check all that apply. To build brands Viral marketing To attract a vast audience To conduct group performance evaluations For crisis communications
Answer: All the options given are correct. The answer is further explained below.
Explanation:
A blog is an online website that gives information about a particular product it activity. Blogging is vital for organizational growth and development as organizations can build their brands through blogs. Viral marketing is when consumers give information about products online. This is useful as organizations can use the information given to assess the product and seek improvement.
Blogging also allow companies reach a large number of people, can be used to assess performance and also relate with customers when there are certain issues.
Therefore, all the options given are right.
Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:
The question is incomplete.
The management of Ferry Corporation would like you to analyze their repair costs, which are listed below: see attachment
(Options)
a. $1.08 per machine-hour plus $30, 761 per month
b. $.81 per machine-hour plus $31, 736 per month
c.$15.10 per machine-hour plus $33, 700 per month
d. $1.35 per machine-hour plus $30.170 per month
Answer:
d. $1.35 per machine-hour plus $30.170 per month
Explanation:
See attachment
An economy has full-employment output of 5000. Government purchases are 1000. Desired consumption and desired investment are given by
Cd = 3000 - 2000r + 0.10Y
Id = 1000 - 4000r
where Y is output and r is the expected real interest rate. The real interest rate that clears the goods market is equal toA. 25.00%.B. 8.33%.C. 2.50%.D. 1.25%.
Answer:
Option (B) is correct.
Explanation:
Given that,
Full-employment output = 5,000
Government purchases = 1,000
Desired consumption: Cd = 3000 - 2,000r + 0.10Y
Desired investment: Id = 1000 - 4,000r
Y = Cd + Id + Gd
Y = (3000 - 2000r + 0.10Y) + (1,000 - 4,000r) + 1,000
Y - 0.10Y = 5,000 - 6,000r
0.90Y = 5,000 - 6,000r
At full employment output level of 5,000,
0.90(5,000) = 5,000 - 6,000r
4,500 = 5,000 - 6,000r
6,000r = 500
r = 0.0833 or 8.33%
Therefore, the real interest rate that clears the goods market is equal to 8.33%.
Final answer:
After setting up the equilibrium condition and plugging in the given functions for desired consumption and investment, along with the given full-employment output and government purchases, we solve for the real interest rate, which is found to be 8.33%.
Explanation:
To find the real interest rate that clears the goods market, we need to solve for r in the following equilibrium condition where the sum of government purchases (G), desired consumption (Cd), and desired investment (Id) equals the full-employment output (Y):
Y = G + Cd + Id
Substituting the given values and expressions, we have:
5000 = 1000 + (3000 - 2000r + 0.10×5000) + (1000 - 4000r)
Simplifying this, we get:
5000 = 1000 + 3000 - 2000r + 500 + 1000 - 4000r
5000 = 5500 - 6000r
Rearranging for r gives us:
6000r = 5500 - 5000
6000r = 500
r = ⅖
r = 0.0833 or 8.33%
Identify the impact on the accounting equation of the following transactions. 1. Purchased 36-month insurance policy for cash. 2. Purchased supplies on account. 3. Received utility bill to be paid at later date. 4. Paid utility bill previously accrued.
Each of the transactions mentioned have different impacts on the accounting equation. Purchasing an insurance policy or supplies affects assets and liabilities in a way that keeps the equation balanced. Receiving and paying a utility bill affects liabilities, assets, and equity, also in a way that keeps the equation balanced.
Explanation:The accounting equation is Assets = Liabilities + Equity. So, each of the transactions you mentioned will impact this equation in a specific way:
Purchased 36-month insurance policy for cash: This decreases cash (an asset) and increases prepaid insurance (another asset). So, the overall equation stays balanced. Purchased supplies on account: This increases supplies (an asset) and increases accounts payable (a liability). Again the equation stays balanced. Received utility bill to be paid at a later date: This increases utilities expense (which reduces equity) and increases accounts payable (a liability). As expenses increase equity decreases, but since liability also increases, the equation is in balance. Paid utility bill previously accrued: This reduces cash (an asset) and reduces accounts payable (a liability). So, assets decrease, liabilities decrease, and the equation stays in balance. Learn more about Accounting Equation here:
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 200 units @ $53.00 per unit
Mar. 5 Purchase 275 units @ $58.00 per unit
Mar. 9 Sales 360 units @ $88.00 per unit
Mar. 18 Purchase 135 units @ $63.00 per unit
Mar. 25 Purchase 250 units @ $65.00 per unit
Mar. 29 Sales 230 units @ $98.00 per unit
Totals 860 units 590 units
Compute the cost assigned to ending inventory using (a)FIFO, (b)LIFO, (c)weighted average, and (d)specific identification. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and135 units from the March 25 purchase.
Answer:
(a) FIFO cost $ 17,510.00 includes 20 units @ $63.00 per unit and 250 units @ $ 65.00 per unit.
(b) LIFO cost $ 15,900.00 includes 115 units @ $53.00 per unit, 135 units @ $63.00 per unit and 20 units @ $65.00 per unit.
(c) Weighted average cost $ 16,838.76 includes 270 units @ $62.37 per unit.
(d) Specific identification cost $ 16,240.00 includes 85 units @ 53.00 per unit, 30 units @ 58.00 per unit, 40 units @ 63.00 per unit and 115 units @65.00 per unit.
In a perpetual inventory system, the cost of ending inventory can be calculated using methods like FIFO, LIFO, weighted average, or specific identification.
Explanation:In a perpetual inventory system, the cost of ending inventory can be calculated using different methods such as FIFO (first-in, first-out), LIFO (last-in, first-out), weighted average, or specific identification.
FIFO: Under FIFO, the cost assigned to ending inventory would be calculated by assuming that the units sold first were from the beginning inventory, followed by the units purchased on March 5, then March 18, and finally March 25. Therefore, the cost of ending inventory can be calculated by multiplying the remaining units from March 25 by the cost per unit ($65.00).
LIFO: Under LIFO, the cost assigned to ending inventory would be calculated by assuming that the units sold first were from the most recent purchases, followed by the purchase on March 18, March 5, and finally the beginning inventory. Therefore, the cost of ending inventory can be calculated by multiplying the remaining units from the beginning inventory by the cost per unit ($53.00).
Weighted Average: Under weighted average, the cost assigned to ending inventory is calculated by taking the average cost per unit of all purchases made during the period. The total cost of all purchases is divided by the total number of units acquired to determine the average cost per unit. This average cost per unit is then multiplied by the remaining units in the ending inventory.
Specific Identification: Under specific identification, the cost of each individual unit is identified and tracked separately. Therefore, the cost assigned to ending inventory would be calculated by multiplying the remaining units from each specific purchase by their respective cost per unit and then summing up these costs.
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Garfield Industries is expanding its operations throughout the Southeast United States. Garfield anticipates that the expansion will increase sales by $1,000,000, and increase the costs of goods sold by $700,000. Depreciation expenses will rise by $50,000 and interest expense will increase by $150,000. The company’s tax rate will remain at 40 percent. If the company’s forecast is correct, how much will net income increase or decrease, as a result of the expansion?
Answer:
$60,000 increase
Explanation:
The company's additional earnings before interest and taxes (EBIT) are subjected to a 40% tax rate. The company's EBIT is:
[tex]EBIT = Sales - Cost+Depreciation\\EBIT = 1,000,000-700,000+50,000\\EBIT =\$350,000[/tex]
The change in income is determined as the EBIT minus taxes and interest expense:
[tex]I = \$350,000*(1-0.4) -\$150,000\\I=\$60,000[/tex]
Therefore, Garfield Industries experienced a $60,000 increase in its income as a result of the expansion.
The net income will increase by $100,000 as a result of the expansion.
Explanation:To calculate the net income increase or decrease, you need to subtract the increased costs of goods sold, depreciation expenses, and interest expense from the increased sales. The tax rate of 40 percent should be applied to the resulting amount to calculate the net income. So, the net income increase or decrease can be calculated as follows:
Increased sales: $1,000,000Increased costs of goods sold: $700,000Depreciation expenses increase: $50,000Interest expense increase: $150,000Net income increase or decrease = (Increased sales - Increased costs of goods sold - Depreciation expenses increase - Interest expense increase) * Tax rate
= ($1,000,000 - $700,000 - $50,000 - $150,000) * 0.40
= $100,000
Therefore, the net income will increase by $100,000 as a result of the expansion.
Unlike traditional manufacturing, flexible manufacturing: a. decreases efficiency. b. lowers unit costs. c. allows the production of only standardized products. d. limits an organization's ability to customize products. e. limits an organization's ability to offer greater product variety.
Answer:
The correct answer is letter "B": lowers unit costs.
Explanation:
Traditional manufacturing is the production process by which companies produce goods part to be delivered for sale and part to have them stored in case of shortages which could increase inventory costs.
Flexible manufacturing concentrates on using technology for mass-production of products characterized to be subject to rapid market changes. Flexible manufacturing saves money in labor costs, thus, lowers the unitary costs of the output.
A business produces 4,000 units per month which it sells at $20/unit. Costs include: $10,000 on raw materials, $15,000 in wages for operators and $10,000 in wages to sales people. If the business is just breaking even, what are its fixed costs:
Answer:
$45,000
Explanation:
In this problem, assume that the wage for operators and sales people are based on production volume and therefore computed as variable costs alongside raw materials.
If the company is breaking-even, the following relationship is true:
[tex]Revenue = Fixed\ Costs+Variable\ Costs[/tex]
At a volume of 4,000 units selling at $20 each, the fixed costs must be:
[tex]4,000*\$20=FC+(\$10,000+\$15,000+\$10,000)\\FC = \$80,000-\$35,000\\FC=\$45,000[/tex]
Fixed Costs are $45,000.
Imagine that the economy is in long-run equilibrium. Then, perhaps because of improved international relations and increased confidence in policy makers, people become more optimistic about the future and stay this way for some time.
a. aggregate supply shifts right.
b. aggregate demand shifts right
c. aggregate demand shifts left
d. aggregate supply shifts left.
Answer:
b. aggregate demand shifts right
Explanation:
When the aggregate demand curve shifts right, the quantity of output demanded for a given price level rises. Therefore, a shift of the aggregate demand curve to the right represents an economic expansion.
Van Nuen Inc. began a defined-benefit pension plan for its employees on January 1, 2018. The following data are provided for 2018, as of December 31, 2018:
Projected benefit obligation $ 785,000
Accumulated benefit obligation 740,000
Plan assets at fair value 655,000
Pension expense 715,000
Employer's cash contribution (end of year) 655,000
What amount should Van Nuen report as its net pension liability at December 31, 2018?
a. $45,000
b. $85,000
c. $130,000
d. $0
Answer:
c. $130,000
Explanation:
The net pension liability is the difference between the total pension liability (the present value of projected benefit payments to employees based on their past service) and the assets (mostly investments reported at fair value) set aside to pay current employees, retirees, and beneficiaries.
To calculate this:
Net Pension Liability = Projected benefit Obligation - Plan assets at fair value
= $ 785,000 - $655,000
= $130,000
Therefore Van Nuen's net pension liability at December 31, 2018 can be reported as $130,000.
Answer:The answer is C $130,000
Explanation:
Using the formula
Net pension liability = Projected benefit obligation - Fair value of the plan Asset
Projected benefit obligation = $785,000
Fair value of the plan Asset = $655,000
785,000 - 655,000
= $130,000
Sunbird Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Sunbird Theatre Inc. has declared the following annual dividends over a six-year period:
2011, $20,000; 2012, $36,000; 2013, $70,000; 2014, $90,000; 2015, $102,000 and 2016, $150,000.
During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 100,000 shares of cumulative, preferred 1% stock, $30 par, and 400,000 shares of common stock, $20 par.
Required:
Calculate the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 2011. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".
Answer:
See the explanation below.
Explanation:
1. Calculation of total dividend for six years (2011 to 2016)
Total dividend = 2011 dividend + 2012 dividend + 2013 dividend + 2014 dividend + 2015 dividend + 2016 dividend
Total dividend = $20,000 + $36,000 + $70,000 + $90,000 + $102,000 + $150,000
Total dividend = $468,000
2. Calculation of per-share dividends declared on each class of stock for each of the six years
Note that preferred stock holders are entitled to dividend first before the common stock holders. It is what remains after paying the preferred shareholders that the common shareholders get. Therefore, the calculation is done as follows:
2011:
Preferred dividend per share = Preferred dividend rate × Preferred stock price
Expected preferred dividend per share = 1% × $30 = 0.30 per share
Expected total preferred dividend = Expected preferred dividend per share × Number proffered share
Expected total preferred dividend = $0.30 × 100,000 = $30,000
Actual dividend declared = $20,000
Preferred dividend declared per share = $20,000 ÷ 100,000 = $0.20
Preferred dividend arrears (Cumulative) = $30,000 - $20,000 = $10,000
Preferred dividend per share arrears (Cumulative) = $10,000 ÷ 100,000 = $0.10
Since preferred stock holders are entitled to dividend first before the common stock holders and the dividend declared is lower than the dividend payable to the preferred shareholders, the common stockholders will receive zero dividend in 2011.
Also, since it is stated in the question that the preferred 1% stock is cumulative
2012:
Expected preferred dividend per share = 1% × $30 = 0.30 per share
Expected total preferred dividend = Expected preferred dividend per share × Number proffered share
Expected total preferred dividend = $0.30 × 100,000 = $30,000
Total dividend declared = $36,000
Preferred dividend declared per share = $30,000 ÷ 100,000 = $0.30
To pay preferred dividend in arrears = $36,000 - $30,000 = $6,000
Preferred dividend arrears per share paid = $6,000 ÷ 100,000 = $0.06
Balance of preferred dividend arrears = $10,000 - $6,000 = $4,000
Balance of preferred dividend per share arrears = $4,000 ÷ 100,000 = $0.04.
Total preferred dividend paid in 2012 = $36,000
Preferred dividend per share paid in 2012 = $36,000 ÷ 100,000 = 0.36
Again for the same reason as stated above, the common stockholders will also receive zero dividend in 2012.
2013:
Expected preferred dividend per share = 1% × $30 = 0.30 per share
Expected total preferred dividend = Expected preferred dividend per share × Number proffered share
Expected total preferred dividend = $0.30 × 100,000 = $30,000
Total dividend declared = $70,000
Preferred dividend declared per share = $30,000 ÷ 100,000 = $0.30
To pay preferred dividend arrears = $4,000
Preferred dividend arrears per share paid = $4,000 ÷ 100,000 = $0.04
Common stock dividend = $70,000 - $34,000 = $36,000
Common stock dividend per share = $36,000 ÷ 400,000 = $0.09.
2014:
Expected preferred dividend per share = 1% × $30 = 0.30 per share
Expected total preferred dividend = Expected preferred dividend per share × Number proffered share
Actual total preferred dividend = $0.30 × 100,000 = $30,000
Preferred dividend declared per share = $30,000 ÷ 100,000 = $0.30
Total dividend declared = $90,000
Common stock dividend = $90,000 - $30,000 = $60,000
Common stock dividend per share = $60,000 ÷ 400,000 = $0.15.
2014:
Expected preferred dividend per share = 1% × $30 = 0.30 per share
Expected total preferred dividend = Expected preferred dividend per share × Number proffered share
Actual total preferred dividend = $0.30 × 100,000 = $30,000
Preferred dividend declared per share = $30,000 ÷ 100,000 = $0.30
Total dividend declared = $102,000
Common stock dividend = $102,000 - $30,000 = $72,000
Common stock dividend per share = $72,000 ÷ 400,000 = $0.18.
2015:
Expected preferred dividend per share = 1% × $30 = 0.30 per share
Expected total preferred dividend = Expected preferred dividend per share × Number proffered share
Actual total preferred dividend = $0.30 × 100,000 = $30,000
Preferred dividend declared per share = $30,000 ÷ 100,000 = $0.30
Total dividend declared = $150,000
Common stock dividend = $150,000 - $30,000 = $130,000
Common stock dividend per share = $130,000 ÷ 400,000 = $0.33.
Total dividends and per-share dividends for cumulative preferred stock and common stock over six years:
2011: Cumulative preferred stock: $10,000 total, $0.10 per share; Common stock: $10,000 total, $0.025 per share2012: Cumulative preferred stock: $18,000 total, $0.18 per share; Common stock: $18,000 total, $0.045 per share2013: Cumulative preferred stock: $35,000 total, $0.35 per share; Common stock: $35,000 total, $0.0875 per share2014: Cumulative preferred stock: $45,000 total, $0.45 per share; Common stock: $45,000 total, $0.1125 per share2015: Cumulative preferred stock: $51,000 total, $0.51 per share; Common stock: $51,000 total, $0.1275 per share2016: Cumulative preferred stock: $75,000 total, $0.75 per share; Common stock: $75,000 total, $0.1875 per share"E3-26A Record manufacturing overhead (Learning Objectives 5 & 6) Refer to the data in Exercise 3-25A. Smith’s accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $364,000, not the $480,000 that had originally been reported. The unadjusted Cost of Goods Sold balance at year-end was $610,000."
a. Prepare the journal entry (entries) to record manufacturing overhead costs incurred.
b. Prepare the journal entry to record the manufacturing overhead allocated to jobs in production.
c. Use a T-account to determine whether manufacturing overhead is underallocated or overallocated, and by how much.
d. Record the entry to close out the underallocated or overallocated manufacturing overhead.
Final answer:
The detailed answer provides the journal entries for manufacturing overhead costs, allocation to jobs, T-account analysis, and closing out overallocated manufacturing overhead.
Explanation:
a. Journal entry for manufacturing overhead costs incurred:
Debit Manufacturing Overhead $364,000
Credit Accumulated Depreciation $364,000
b. Journal entry for manufacturing overhead allocated to jobs:
Debit Work in Process Inventory $116,000
Credit Manufacturing Overhead $116,000
c. T-account analysis: Since the actual depreciation was less than reported, manufacturing overhead is overallocated by $116,000.
d. Entry to close out overallocated manufacturing overhead: Debit Cost of Goods Sold $116,000, Credit Manufacturing Overhead $116,000
Your broker called earlier today and offered you the opportunity to invest in a security. As a friend, she suggested that you compare the current, or present value, cost of the security and the discounted value of its expected future cash flows before deciding whether or not to invest. The decision rule that should be used to decide whether or not to invest should be:
Answer:
Everything else being equal, you should invest if the discounted value of the security's expected future cash flows is greater than or equal to the current cost of the security.
Explanation:
You would use the capital budgeting technique known as net present value (NPV) . In order for a project or investment to be accepted, the sum of the present values of future cash inflows generated by the project should be greater than the initial amount invested or the initial cost. If the PV of the future cashflows is lower than the initial cost of capital, the investment would be rejected. On the other hand, if they are equal, the investor would be indifferent between accepting or rejecting the investment.
Emily Corporation sells two products: hurricane lamps and flashlights. Hurricane lamps account for 70 percent of the units sold, while the flashlights account for the remaining 30 percent of unit sales. The unit sales price of the lamps is $9.00, and the unit variable cost is $4.00. The unit sales price of the flashlights is $7.00, and the unit variable cost is $3.00. What is the weighted-average contribution margin per unit?
Answer:
weighted-average contribution margin= $4.7
Explanation:
Giving the following information:
Hurricane lamps account for 70 percent of the units sold, while the flashlights account for the remaining 30 percent of unit sales. The unit sales price of the lamps is $9.00, and the unit variable cost is $4.00. The unit sales price of the flashlights is $7.00, and the unit variable cost is $3.00.
To calculate the weighted-average contribution margin, we need to calculate first the weighted-average selling price and weighted average variable cost for each product.
weighted average selling price= (selling price* weighted sales participation)
weighted average selling price= (0.7*9 + 0.3*7)= $8.4
weighted average variable cost= (variable cost* weighted sales participation)
weighted average variable cost= (0.7*4 + 0.3*3)= 3.7
Now, we can calculate the weighted average contribution margin:
weighted-average contribution margin= 8.4 - 3.7= $4.7
Final answer:
The weighted-average contribution margin per unit for Emily Corporation's products—hurricane lamps and flashlights—is $4.70. This is found by calculating the contribution margin for each product and then multiplying by the percentage of total units sold.
Explanation:
To calculate the weighted-average contribution margin per unit, we need to consider how many units of each product are sold and the contribution margin of each. The contribution margin per unit is calculated by subtracting the unit variable cost from the unit sales price.
Hurricane lamps: Sales price - Variable cost = $9.00 - $4.00 = $5.00 contribution margin per unit
Flashlights: Sales price - Variable cost = $7.00 - $3.00 = $4.00 contribution margin per unit
Emily Corporation sells 70% hurricane lamps and 30% flashlights. Now, we multiply the percentage of units sold by the contribution margin for each product and add them to find the weighted-average:
Hurricane lamps: 70% x $5.00 = $3.50
Flashlights: 30% x $4.00 = $1.20
Now, add these two amounts:
$3.50 (hurricane lamps) + $1.20 (flashlights) = $4.70 weighted-average contribution margin per unit.
The Czech Republic has a GDP of 4,000 million koruna. The exchange rate is 20 koruna per U.S. dollar. The Czech population is 20 million. Calculate the per capita GDP of the Czech Republic in U.S. dollars.
Answer:
The per capita GDP of the Czech Republic is 10 U.S. dollars.
Explanation:
Given:
The Czech Republic has a GDP of 4,000 million koruna. The exchange rate is 20 koruna per U.S. dollar. The Czech population is 20 million.
Now, to calculate the per capita GDP of the Czech Republic in U.S. dollars.
So, we convert the GDP Czech Republic 4,000 million koruna to U.S. dollar:
The exchange rate is 20 koruna per U.S. dollar.
By using conversion factor:
[tex]\frac{4000}{20}[/tex] [tex]=200\ million.[/tex]
Thus, the GDP of Czech Republic in U.S. dollars is 200 million U.S dollars.
The population of Czech Republic is 20 million.
Now, to get the GDP per capita of the Czech Republic in U.S. dollars we divide its GDP by its population:
GDP per capita = GDP ÷ Population of Czech Republic
[tex]GDP \ per \ capita = \frac{200}{20}[/tex]
[tex]GDP \ per \ capita = 10.[/tex]
Therefore, the per capita GDP of the Czech Republic is 10 U.S. dollars.
The per capita GDP of the Czech Republic in U.S. dollars is $10,000.
Calculation of the per capita GDP:
As 20 koruna = 1US Dollar
So,
4000 billion koruna (i.e 4000,000,000,000)should be
= 4000,000,000,000/20
= 200,000,000,000 US dollars.
Now per capita GDP is
= 200,000,000,000/ 20,000,000
= 10,000 US dollars.
hence, The per capita GDP of the Czech Republic in U.S. dollars is $10,000.
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As a new employee in the organization, you are asked to produce a report on customer service issues. Which of the following might be the BEST format for the report? A. An executive dashboard, to graphically compare and contrast service issues B. An indirect approach, to convince the manager of the validity of your research technique, logic, and reasoning C. A persuasive approach, to ensure the document is short and to the point in addition to being easy to follow D. A direct approach, because they are generally easier to follow than any other type of approach E. An electronic document, to show the manager you are tech-savvy and able to use the latest technologies
Answer:
The correct answer is letter "B": An indirect approach, to convince the manager of the validity of your research technique, logic, and reasoning.
Explanation:
There are two forms of presenting formal reports. The direct report shows the central idea of the report at first and the supporting ideas at the end. This is more frequently used for business purposes. The indirect report portraits the supporting ideas or evidence at first and comes up with the central idea at the end.
As a new employee presenting a report about customer service issues, it is better to select the indirect approach because by giving the supporting evidence at first, your manager will have the objective ideas clearly stated and is likely to understand why the new employee got to his or her conclusions. Some managers consider reporting the central ideas at first could be a signal of arrogance.
In 2009, a computer manufacturer had a labor productivity of 3.33 units per labor hour. In 2010, the computer manufacturer had a labor productivity of 4.27 units per labor hour. The percent change in labor productivity is:
Answer:
The percent change in labor productivity is 22%
Explanation:
Listing out the parameters given:
labor productivity (2009) = 3.33 units/hr,
labor productivity (2010) = 4.27 units/hr
To calculate the percent change in labor productivity, we have it thu:
percent change in labor productivity = [labor productivity (2010) - labor productivity (2009)] ÷ labor productivity (2010)
Let's assume 'Labor productivity' = LP
%Δ in LP = [tex]\frac{LP _2_0_1_0 - LP _2_0_0_9}{LP _2_0_1_0}[/tex] * 100% =[tex]\frac{4.27 - 3.33}{4.27}[/tex] * 100%
%Δ in LP = [tex]\frac{0.94}{4.27}[/tex] * 100% = 22%
%Δ in LP = 22%
This shows an increase in computer manufacturing from 2009 to 2010 by 22%
Answer:
percentage change in labor productivity = 28.23%
Explanation:
In 2009 the computer manufacturer had a labor productivity of 3.33 units per labor hour. In 2010 the productivity increased to 4.27 units per labor hour.
The percentage change in labor productivity can be calculated as
change in labor productivity = New labor productivity - Old labor productivity
percentage change in labor productivity = change in labor productivity/old labor productivity × 100
Old labor productivity = 3.33 unit
New labor productivity = 4.27 unit
change in labor productivity = 4.27 - 3.33 = 0.94
percentage change in labor productivity = 0.94/3.33 × 100
percentage change in labor productivity = 94/3.33
percentage change in labor productivity = 28.2282282282
percentage change in labor productivity = 28.23%
_______ are the fastest growing segment of today's workforce. They are optimistic, inventive and individualistic; they seek a balance between life and work and want work that is meaningful.
Answer:
Millennials
Explanation:
People (workers) who were born after the year 1980 are considered "Millennials" or part of the "Millennial Generation." They comprise 25% of the total workforce these days. It is said that the percentage will increase to 75% by 2025. It is common for Millennials and Gen Xers to manage the Baby Boomers. Most of these veterans (Baby Boomers) go back working for they don't have enough money after retiring. So, this causes a hierarchy that looks overturn. This causes some tension in the workplace.
So, this explains the answer.
Rob's wife, Marie, has a wage income of $250,000. They jointly sold stocks in 2019 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2019, they take the standard deduction of $24,400. The income threshold for QBI limitations starts at $315,000 for married filing jointly taxpayers.
a. What is Rob and Marie's taxable income before the QBI deduction?
b. What is Rob and Marie's QBI?
What is Rob and Marie's QBI deduction?
Answer:
Explanation:
According to IR Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction. Some trusts and estates may also claim the deduction directly.
The deduction allows them to deduct up to 20 percent of their qualified business income (QBI), plus 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. Income earned by a C corporation or by providing services as an employee isn't eligible for the deduction.
1. QBI component. This component of the deduction equals 20 percent of QBI from a domestic business operated as a sole proprietorship or through a partnership, S corporation, trust or estate. Depending on the taxpayer's taxable income, the QBI Component is subject to limitations including:
a. The type of trade or business,
b. The amount of W-2 wages paid by the qualified trade or business, and
c. The unadjusted basis immediately after acquisition (UBIA) of qualified property held by the trade or business.
These limitations do not apply to taxpayers with taxable income at or below a certain threshold. For 2018, the threshold amount is $315,000 for a married couple filing a joint return, and $157,500 for all other taxpayers.
STEPS ARE:
1. Original QBID = 154K*20% = 30,800
2. Wage/Cap. Investment limitation: a) wage limitation = 58K*50%= 29,000
b) wage/capital limit. = wage(58K*25%) +capital(300K*2.5%) =14,500+7,500=22K
We take the larger of them => 29K
3) Since original QBID is greater than wage limitation, we must use reduction ratio. In this case:
408K (taxable income) - 315K(threshold)/100,000 = 0.93
4) Now we subtract the wage limitation from original QBID (30,800 - 29,000) * 0.93= 1,674.
5) Finally, subtract that from original QBID 30,800-1,674=29,126.
29,126 their final QBID
A company borrowed $4,000 from the bank at an interest rate of 9%. By the end of the accounting period, the loan had been outstanding for 30 days. Demonstrate the required adjusting entry by choosing the correct statement.
Answer:
The required adjusting entry:
Debit Interest expense $30
Credit Interest payable $30
Explanation:
The company borrowed $4,000 from the bank at an interest rate of 9%.
Th amount of interest the company paid per year = $4,000 x 9% = $360
Assuming that there are 360 days per year to calculate interest. By the end of the accounting period, the loan had been outstanding for 30 days. The company recording the interest expense:
$360 x 30/360 = $30
by the adjusting entry:
Debit Interest expense $30
Credit Interest payable $30
To calculate the required adjusting entry for the company's loan, we need to use the formula: Interest Expense = Principal x Interest Rate x Time. The adjusting entry would be: Debit: Interest Expense $29.52, Credit: Interest Payable $29.52.
Explanation:The required adjusting entry for the company's loan can be calculated using the formula:
Interest Expense = Principal x Interest Rate x Time
In this case, the principal amount borrowed is $4,000, the interest rate is 9% (or 0.09 as a decimal), and the time is 30 days. However, we need to convert the time to a fraction of a year, as interest rates are typically stated on an annual basis.
To do this, we divide the number of days by the number of days in a year (365), giving us 30/365 = 0.082. Substituting these values into the formula, we get:
Interest Expense = $4,000 x 0.09 x 0.082 = $29.52
Therefore, the adjusting entry would be:
Debit: Interest Expense $29.52
Credit: Interest Payable $29.52
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Analyzing and Computing Accrued Wages Liability and Expense
Demski Company pays its employees on the 1st and 15th of each month. It is March 31 and Demski is preparing financial statements for this quarter. Its employees have earned $32,000 since the 15th of March and have not yet been paid. How will Demski’s balance sheet and income statement reflect the accrual of wages on March 31? Indicate the effect on the balance sheet and income statement accounts if Demski failed to make this accural (overstated or understated).
Decrease/Increase wages payable by $______ on the balance sheet.
Decrease/Increase wages expense by $______ on the income sheet.
Answer:
Decrease wages payable by $32,000 on the balance sheet.
Decrease wages expense by $32,000 on the income sheet.
Explanation:
Wages Expense accrued entry effects the expenses and liabilities as this expenses not been paid yet. Failing to record this adjusting entry the Expenses on the income statement will be understated and Income statement is reporting overstated profit because expenses are deducted from the income. On the other hand as employee are not been paid so there is a liability which business need to pay in future. Failing to record this too the Liability of Wages payable is understated and Balance sheet is reporting a lower liability of wages payable. So both wages payable and Wages Expenses are decreased due to omission of this adjusting transactions.
One study found that companies with the highest levels of quality are how many times more productive than their competitors with the lowest quality levels?
Answer:
The response options are as follows:
A) 2
B) 3
C) 4
D) 5
E) None of the above because quality has no impact on productivity (units / labor hour)
The correct answer is: D) 5
Explanation:
Currently there are challenges and especially competition in organizations, which allows us to face high competition, both nationally and internationally.
Good quality is a quality that any service must have in order to obtain a better performance in its operation and durability, complying with norms and rules necessary to satisfy the needs of the client.
Quality within an organization is an important factor that generates satisfaction for its customers, employees and shareholders, and provides practical tools for comprehensive management. Nowadays, it is necessary to meet the quality standards to be able to compete in an increasingly demanding market; For this, continuous improvement, customer satisfaction and standardization and process control must be sought. You must also make the different departments of the company make quality by defining the objectives that correspond to you always seeking customer satisfaction and continuous improvement.
Quality indicators are measuring instruments, tangible and quantifiable, which allow the quality of processes, products and services to be evaluated to ensure customer satisfaction. In other words, they measure the level of compliance with the specifications established for a given business activity or process. Management indicators measure, overall, the final result of business activities based on a standard, which responds to the level of objective quality that the company expects and wants to achieve.
The following costs were incurred in September:
Direct materials
$40,100
Direct labor
$29,700
Manufacturing overhead
$21,200
Selling expenses
$25,600
Administrative expenses
$32,100
Conversion costs during the month totaled:
a.$148,700
b.$69,800
c.$50,900
d.$61,300
Answer:
Option (c) is correct.
Explanation:
Given that,
Direct materials = $40,100
Direct labor = $29,700
Manufacturing overhead = $21,200
Selling expenses = $25,600
Administrative expenses = $32,100
Therefore, the Conversion costs during the month as follows:
= Direct labor + Manufacturing overhead
= $29,700 + $21,200
= $50,900