Answer:
$10,000,000
Explanation:
Data provided in the question
Amount received = $10,000,000
Gain approval percentage = 90%
Denial chance of percentage = 10%
So, the transaction price of the arrangement is $10,000,000 that reflects the received amount for providing the services to the customer.
So, only the $10,000,000 is come under the transaction price
A city is trying to estimate the most money it should offer to contractors as an incentive for them to finish a disruptive road project early. The transportation project lengthens transport times by 10 hours per week for 40,000 workers. Assume that all workers are paid $10 per hour in a perfectly competitive labor market. What is the most that the city should pay to the contractors as an incentive for completing the project four weeks early? HTML EditorKeyboard Shortcuts
Answer:
The city should pay at most $16 million to the contractors as an incentive for completing the project four weeks earlier.
Explanation:
Total number of saved work hours = 4 weeks * 40000 workers/week * 10 hours/worker = 1,600,000 work hours
So, Money saved = 1,600,000 work hours * $10/ work-hour
= $16 million
Therefore, the city should pay at most $16 million to the contractors as an incentive for completing the project four weeks earlier.
Answer:
$16,000,000
Explanation:
To answer this question we pull out information relevant to us as follows
What is the number of workers = 40,000workers
How many labour hours per week = 10 hours per week
What is the hourly wage = $10/hour
First, Amount spent per worker in a week =
$10 x 10 hours = $100 per week
Second, Amount to be expended for 4 weeks
= $100 x 4 weeks = $400
Finally, the most that should be paid to the contractor for workers
$400 x 40,000 workers
= $16,000,000
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.
_______ 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.
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
Brief Exercise 5-7 Record the adjustment for uncollectible accounts (LO5-3) At the end of the year, Dahir Incorporated’s balance of Allowance for Uncollectible Accounts is $3,000 (debit) before adjustment. The company estimates future uncollectible accounts to be $15,000. What is the adjustment Dahir would record for Allowance for Uncollectible Accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
At the end of period the allowance for uncollectible debts will be: 15000-3000 = $ 12000 because 3000 account receivable is written off.
Explanation:
(Opening) Allowance for uncollectible accounts = 3000 (Dr)
During the year company estimates = $ 15000
Entry : Dr Bad debts expense 15000
Cr Allowance for bad debts 15000
( To record uncollectible accounts)
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.
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.
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.
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%
There is a bond that has a quoted price of 94.023 and a par value of $2,000. The coupon rate is 6.51 percent and the bond matures in 13 years. If the bond makes semiannual coupon payments, what is the effective annual interest rate
Answer:
The effective annual rate is gotten to be 7.36%
Explanation:
Given the par value = $2,000
Annual Coupon Rate = 6.51%
Semiannual Coupon Rate = 6.51% / 2 = 3.255%
Semiannual Coupon = 3.255% * $2,000 = $65.10
Current Price = 94.023% * $2,000 = $1,880.46
Time to Maturity = 13 years
Semiannual Period = 26
Let semiannual yield to maturity be s%
$1,880.46 = $65.10 x PVIFA(s%, 26) + $2,000 x PVIF(s%, 26)
Making use of Ms excel and calculating we have;
N = 26
PV = -1880.46
PMT = 65.10
FV = 2000
s = 3.613%
Semiannual yield to maturity = 3.613%
The effective annual rate can be obtained thus;
Effective annual rate = (1 + Semiannual YTM[tex])^{2}[/tex] - 1
= (1 + 0.03613[tex])^{2}[/tex] - 1
= 1.0736 - 1
= 0.0736 or 7.36%
Therefore the effective annual rate is gotten to be 7.36%
To find the effective annual interest rate of a bond, calculate the semiannual interest rate and convert it to annual terms by multiplying by two.
Explanation:To find the effective annual interest rate of a bond, we need to calculate the semiannual interest rate and then convert it to annual terms.
Step 1: Calculate the semiannual coupon payment by multiplying the coupon rate by the par value and dividing by 2, since there are semiannual coupon payments.
Step 2: Calculate the semiannual interest rate by dividing the semiannual coupon payment by the quoted price of the bond.
Step 3: Convert the semiannual interest rate to an annual interest rate by multiplying it by 2.
Based on the given values, the effective annual interest rate is 13.27 percent.
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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.
Megley Cheese Company is a small manufacturer of several different cheese products. One of the products is a cheese spread that is sold to retail outlets. Jason Megley must decide how many cases of cheese spread to manufacture each month. The probability that the demand will be six cases is 0.1, for 7 cases is 0.3, for 8 cases is 0.5, and for 9 cases is 0.1. The cost of every case is $45, and the price that Jason gets for each case is $95. Unfortunately, any cases not sold by the end of the month are of no value, due to spoilage.
How many cases of cheese should Jason manufacture each month?
Answer:
Explanation:
Cost of every cases is $45.6 cases cost is = $45*6=$270
Demand
Profit Expected Profit
6 0.1 300 30
0.3 300 90
0.5 300 150
0.1 300 30
Answer: Total 300
Answer 7 to 9:
Profit Expected Profit
9 0.1 165 16.5
0.3 260 78
0.5 355 177.5
0.1 450 45
Answer Total 317.00
Answer 8 to 9 :
6(0.1) + 7(0.3) + 8(0.5) + 9(0.1) = 7.6
Jason should manufacture 8 cases of cheese spread each month to maximize his profit.
Explanation:In order to determine how many cases of cheese Jason should manufacture each month, we need to calculate the expected value of the demand. The expected value is calculated by multiplying each possible demand by its corresponding probability and summing them up. So, the expected value would be: (6 cases)(0.1) + (7 cases)(0.3) + (8 cases)(0.5) + (9 cases)(0.1) = 7.9 cases. Since we can't manufacture a fractional number of cases, Jason should manufacture 8 cases each month.
Let's calculate the profit for manufacturing 8 cases. The cost for 8 cases is 8 * $45 = $360, and the revenue is 8 * $95 = $760. The profit is revenue minus cost, so $760 - $360 = $400.
Therefore, Jason should manufacture 8 cases of cheese spread each month in order to maximize his profit.
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"Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp business. The savings account paid 2% interest. What is Bubba's annual opportunity cost of the financial capital that he invested in his business
Options:
A. $20
B. $200
C. $40
D. $400
Answer:C. $40
Explanation: Opportunity cost is a term used in Economics to describe the value of the next most profitable alternative of this an investor puts his or her resources into,in this case the opportunity cost for Bubba is the percentage of the interest which Bubba earned from the interest.
Opportunity cost for Bubba can be calculated as follows
(2%/100)* $2,000=$40.
Opportunity cost helps economists to ensure that resources are effectively put to use.
Bubba's annual opportunity cost for using his $2,000 to buy a boat and equipment for his shrimp business, instead of leaving it in a savings account with a 2% interest rate, is $40 per year.
Explanation:The annual opportunity cost of the financial capital that Bubba invested in his shrimp business is the amount of interest he would have earned if he had left the $2,000 in his savings account. Since the savings account paid 2% interest, the opportunity cost is 2% of $2,000.
To calculate this, we use the formula for simple interest: Interest = Principal × Rate × Time. Here, the principal is $2,000, the rate is 2% (or 0.02 as a decimal), and the time is 1 year, since we are interested in the annual opportunity cost.
So, Bubba's opportunity cost is $2,000 × 0.02 × 1 = $40 per year.
Scotland Corporation had net income for 2018 of $ 77 comma 000. Scotland had 13 comma 000 shares of common stock outstanding at the beginning of the year and 26 comma 000 shares of common stock outstanding at the end of the year. There were 11 comma 000 shares of preferred stock outstanding all year. During 2018, Scotland declared and paid preferred dividends of $ 22 comma 000. What is Scotland's earnings per share? (Round the answer to two decimal places.)
Answer:
$2.82 per share
Explanation:
The computation of the earning per share is shown below:
Earning per share = (Net income - preferred dividend) ÷ (Weighted average Number of common shares)
where,
Weighted average number of common shares is
= (13,000 shares + 26,000 shares) ÷ 2
= 19,500 shares
So, the earning per share is
= ($77,000 - $22,000) ÷ (19,500 shares)
= $2.82 per share
Lowlife Company defaulted on a $250,000 loan that was due on December 31, 2018. The bank has agreed to allow Lowlife to repay the $250,000 by making a series of equal annual payments beginning on December 31, 2019.
1. Calculate the required annual payment if the bank’s interest rate is 10% and four payments are to be made.
2. Calculate the required annual payment if the bank’s interest rate is 8% and five payments are to be made.
3. If the bank’s interest rate is 10%, how many annual payments of $51,351 would be required to repay the debt?
4. If three payments of $104,087 are to be made, what interest rate is the bank charging Lowlife?
Provided is a step-by-step calculation of loan repayments under varying conditions, demonstrating how to compute the required annual payment for different interest rates and payment plans.
Explanation:The subject of this question is the calculation of loan repayments under varying conditions, a critical aspect of financial management and business math. The factors to consider are principal amount ($250,000), the annual interest rate, the number of payments, and the payment amount.
Step-By-Step Calculation
1. When the bank's interest rate is 10% and four payments are to be made, the required annual payment is calculated using the formula for the payment of an ordinary annuity, which is P * r / 1 - (1 + r)^ -n. Here, n=4, r=10% and P=$250,000. Substituting these values, we get an annual payment of $82,731.97
2. When the bank's interest rate is 8% and five payments are to be made, substituting n=5, r=8%, and P=$250,000 into the formula above, we get an annual payment of $64,402.88
3. If the bank's interest rate is 10%, and the annual payment is $51,351, it would take approximately 6 payments to repay the loan completely. This can be calculated by rearranging the annuity formula above to solve for n.
4. If three payments of $104,087 are made, the interest rate charged by the bank can be calculated by rearranging the annuity payment formula to solve for r. Plugging in P=$250,000, PMT=$104,087 and n=3, we get an interest rate of approximately 11%.
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1. Required annual payment if the bank’s interest rate is 10% and four payments are to be made: $78,899.37
2. Required annual payment if the bank’s interest rate is 8% and five payments are to be made: $70,200.91
3. Number of annual payments of $51,351 required to repay the debt at a 10% interest rate: 5 payments
4. Interest rate the bank is charging Lowlife if three payments of $104,087 are to be made: 7.75%
Let's address each question one by one:
Step 1
1. Calculate the required annual payment if the bank’s interest rate is 10% and four payments are to be made:
We can use the formula for the annual payment of an installment loan:
[tex]\[ P = \frac{PV \times r}{1 - (1 + r)^{-n}} \][/tex]
Where:
- P = annual payment
- PV = present value of the loan ($250,000)
- r = annual interest rate (as a decimal)
- n = number of payments (4)
Substituting the given values:
[tex]\[ P = \frac{\$250,000 \times 0.10}{1 - (1 + 0.10)^{-4}} \]\[ P = \frac{\$250,000 \times 0.10}{1 - (1.10)^{-4}} \]\[ P = \frac{\$250,000 \times 0.10}{1 - 0.6830} \]\[ P = \frac{\$25,000}{0.317} \]\[ P \approx \$78,899.37 \][/tex]
So, the required annual payment is approximately $78,899.37.
Step 2
2. Calculate the required annual payment if the bank’s interest rate is 8% and five payments are to be made:
Using the same formula:
[tex]\[ P = \frac{\$250,000 \times 0.08}{1 - (1.08)^{-5}} \]\[ P \approx \$70,200.91 \][/tex]
So, the required annual payment is approximately $70,200.91.
Step 3
3. If the bank’s interest rate is 10%, how many annual payments of $51,351 would be required to repay the debt?:
We can rearrange the formula to solve for n:
[tex]\[ n = -\frac{\log(1 - \frac{PV \times r}{P})}{\log(1 + r)} \][/tex]
Substituting the given values:
[tex]\[ n = -\frac{\log(1 - \frac{\$250,000 \times 0.10}{\$51,351})}{\log(1 + 0.10)} \]\[ n \approx 5.0 \][/tex]
So, approximately 5 annual payments of $51,351 would be required to repay the debt.
Step 4
4. f three payments of $104,087 are to be made, what interest rate is the bank charging Lowlife?:
We can rearrange the formula to solve for [tex]\( r \):[/tex]
[tex]\[ r = \left( \frac{P}{PV} \right)^{1/n} - 1 \][/tex]
Substituting the given values:
[tex]\[ r = \left( \frac{\$104,087}{\$250,000} \right)^{1/3} - 1 \]\[ r = \left( \frac{0.41635}{0.10} \right)^{1/3} - 1 \]\[ r \approx 0.0775 \][/tex]
So, the bank is charging an interest rate of approximately 7.75%.
Simple Interest versus Compound Interest [LO1] First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City Bank pays 7 percent interest compounded annually. If you made a $6,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of nine years?
Answer:
You would have $1,251 more money in second city bank than the first city bank.
Explanation:
First city bank pays 7% simple interest.
Interest = (PRT)/100
Interest = (6000 * 7 * 9)/100 = 378000/100 = $3,780
Amount in first city bank after 9 years = 6000 + 3780 = $9,780
The second city bank pays 7% interest compounded annually, so we would find the amount after 9 years.
P = $6,000
R = 7% = 7/100 = 0.07
T = 9
A = P(1 + R) ^ {t}\\
A = 6000(1 + 0.07)^ {9}\\
A = 6000(1.07)^{9}\\
A = 6000 * 1.838459212420\\
A = 11030.75527452\\
A = 11031
Amount after 9 years in second city bank = $11,031
Difference between first city bank and second city bank: 11031 - 9780 = 1251.
Final answer:
By comparing a $6,000 deposit over nine years at a 7% interest rate, you would earn $1,250.76 more with compound interest at Second City Bank than with simple interest at First City Bank.
Explanation:
The question asks about the difference in earnings between simple interest and compound interest on a $6,000 deposit over nine years at a 7% interest rate. To solve this, we need to calculate the total amount for both simple and compound interest and then find the difference.
Simple Interest Calculation:
Simple Interest = Principal × Rate × Time
= $6,000 × 0.07 × 9
= $3,780
Total with Simple Interest = Principal + Interest
= $6,000 + $3,780
= $9,780
Compound Interest Calculation:
Compound Interest = Principal × (1 + Rate)^Time
= $6,000 × (1 + 0.07)^9
= $6,000 × 1.83846
= $11,030.76
The difference in earnings between Second City Bank (compound) and First City Bank (simple) is:
$11,030.76 - $9,780 = $1,250.76
Therefore, by choosing the compound interest option at Second City Bank, you would earn an additional $1,250.76 over nine years.
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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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.
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.
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.
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
Lionworks, Inc. has goods available for sale in the amount of $123,000; beginning inventory is $41,000; ending inventory is $38,000; and cost of goods sold is $80,000. How many days could Lionworks operate without buying any more inventory? (Round any intermediary calculations two decimal places, X.XX, and your final answer to the nearest day.)
Answer:
DSI = 180.21 DAYS.
Explanation:
Average inventory = [(open) inventory +(end) inventory] / 2
= (41000+38000)/2 = 39500
As we know that : Days sales of inventory (DSI)= ( Average inventory / cost of goods sold) * 365
= (39500 / 80000 ) * 365
= 180.21 days. It tells the effectiveness of company inventory management,here lionworks takes 180 average days to sell of his entire inventory
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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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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"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
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.
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
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.
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.