Cole purchased a car for business and personal use. In 2019, he used the car 60% for business (13,000 total use miles) and used the standard mileage rate to calculate his vehicle expenses. He also paid $1,500 in interest and $360 in county property tax on the car. What is the total business deduction related to business use of the car rounded to the nearest dollar

Calculating retained earnings and net income for Kinney Corporation for 2013 requires more information than provided. The net income calculation integrates the beginning retained earnings, dividends paid, and assumes knowledge of ending retained earnings, which is missing.

The question involves calculating retained earnings and net income for Kinney Corporation for the year 2013. To determine the retained earnings at the end of 2013, we would typically need to know the beginning balance of retained earnings, net income for the period, and dividends paid out. However, the information provided doesn't give a complete picture for this calculation directly.

To find the net income for 2013, knowing the retained earnings at the beginning of 2013 was $135,000 and that $54,000 in cash dividends were declared and paid during 2013, we use the formula for ending retained earnings which is: Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings. Without the ending retained earnings figure directly given, we cannot calculate net income precisely. However, if we rearrange the formula to solve for net income, it becomes: Net Income = Ending Retained Earnings - Beginning Retained Earnings + Dividends.

Since the exact amount of ending retained earnings is not provided, part (a) cannot be calculated without additional information. For part (b), under the assumption we had the ending retained earnings, you would insert the known amounts into the rearranged formula to solve for net income. This example illustrates the importance of having complete financial data to perform such calculations.

Answer:

True

Explanation:

A public limited company can pay cash dividends to its shareholders for their contribution to the company. Therefore, the statement "West Company paid cash for dividend" is correct.

No other form of organization cannot pay dividends. They can pay a share of profit or extra benefits. Only in the corporation, especially in public limited, shareholders are given a cash dividend by its management body.

Answer: I found the complete question:

A concern voiced by critics of globalization is that today's increasingly interdependent global economy shifts economic power toward

A) the communist states of eastern Europe and central Asia.

B) nations that have authoritarian forms of government.

C) supranational organizations such as the World Trade Organization.

D) the national governments of the countries participating in globalization. E) the medium-size and small U.S. multinationals.

The correct answer is "C) supranational organizations such as the World Trade Organization.".

A concern voiced by critics of globalization is that today's increasingly interdependent global economy shifts economic power toward supranational organizations such as the World Trade Organization.

Explanation:

Supranational organizations are those that are above the nation or a state, generally their objectives are to engage in dialogue with the different states on equal terms and to contract or agree to different conditions.

In this way, the globalization that makes countries more interdependent every day gives these organizations greater power since they serve as a link between the different states.

Answer:

Management and leadership realize how paradoxical thought can be used to enhance organization.

Explanation:

Answer:

$230,000

Explanation:

Given that,

Days sales outstanding, DSO = 23 days

Annual sales = $3,650,000

Assume that it uses a 365 day year

Accounts receivable = (Annual sales × Days sales outstanding) ÷ 365 days

                                  = ($3,650,000 × 23) ÷ 365 days

                                  = $83,950,000 ÷ 365 days

                                  = $230,000

Therefore, the Baxley Brothers has  $230,000 balance in its accounts receivable.

Final answer:

Given a DSO of 23 days and annual sales of $3,650,000, the accounts receivable balance for Baxley Brothers can be calculated to be $230,000.

Explanation:

To calculate the accounts receivable balance for Baxley Brothers given a Days Sales Outstanding (DSO) of 23 days and annual sales of $3,650,000, we use the formula for DSO:

DSO = (Accounts Receivable / Total Credit Sales) × Number of Days

We can rearrange this formula to solve for Accounts Receivable:

Accounts Receivable = (DSO × Total Credit Sales) / Number of Days

Assuming a 365-day year, the calculation will be:

Accounts Receivable = (23 days × $3,650,000) / 365 days

Accounts Receivable = $230,000

Therefore, the accounts receivable balance for Baxley Brothers is $230,000.

Answer: No

Explanation: Acording to the principles of cost accounting, the three main factors must be taken into account, the cost of raw material or the creation of the good, the cost of modifying the raw material and the marketing costs.

For example: To calculate the unit cost, the sum of these three costs divided by the number of devices is required. As one of the components is missing if it is divided into 66,000 it would not be complete

Answer:

Following are the five pillars of sustainable change could be applied to sustain the learning organization environment of the company:

1) Leadership

2) Strategy

3) Culture

4) Structure

5) System

Explanation:

1) Leadership

Leadership provides the way forward for sustainable change i.e. they show the right direction to their employees . They will develop strategies to keep the momentum going within the learning environment that has now been created. Leadership will coach and mentor individuals, teams, and departments to keep the new systems in alignment and working well together.

2) Strategy

By strategizing means to get positioned itself as a market leader or more customer centric . In order to maintain the competitive edge, development of new learning organizational structure to make good use of all employee knowledge for changes in the market and especially for efficiencies and continuous improvements in operations.

3) Culture

Culture will include the attitude of open communication, a willingness to always be open minded, an encouragement for create thinking and sharing new ideas or conflict, and to support the value of lessons learned from mistakes. It will set the tone for the importance of working together toward a common goal, and will be dedicated to recognizing accomplishments to inspire innovation.

4) Structure

Deciding about the best organizational structure, say the flat one. This will allow employees to communicate freely, share knowledge in real time and work and problem solve cross-functionally. Since the company promotes culture that encourages creative thinking, the employees are confident their talents are being used at the highest capacity to support the company’s drive for continuous improvement.

5) System

As part of the change management project, reliance on new technologies and system is increasing, and using of expert and decision making system, stronger controls can be in placed which would be asset to the learning organization.

To sustain the learning organization environment, the company should focus on leadership commitment, strategic alignment, employee engagement, communication, and measurement and evaluation.

The five pillars of sustainable change are leadership commitment, strategic alignment, employee engagement, communication, and measurement and evaluation. To sustain the learning organization environment of the company in the scenario, each pillar can be applied as follows:

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The current ratio and working capital for 3M in 2014 were 1.64 : 1 and $3,759 million, respectively. In 2015, the current ratio was 2.20 : 1 and working capital was $5,898 million. If $200 million cash was used to pay off accounts payable in 2015, the new current ratio would be 2.30 : 1 and working capital would be $6,098 million.

The current ratio can be calculated by dividing total current assets by total current liabilities. To calculate working capital, subtract total current liabilities from total current assets.

If 3M management used $200 million cash to pay off accounts payable, the new current ratio would be 10795/4697 = 2.30 : 1 and the new working capital would be 10795 - 4697 = $6,098 million.

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Answer:

The answer is d. Property Rights

Explanation:

The correct answer is Property Rights because strong economy of a country requires good incentive and support by powerful institutions. The important incentives include Property Rights, competition and open market instead of monopolies, dependable legal system instead of legal limits on excessive profits, honest and stable government.

Considering the average customer arrival rate and the clerks' service capacity, a minimum of 4 clerks would be needed to keep the average time in the post office system under 5 minutes.

To answer your question, we need to consider the average arrival rate of customers and the average time a clerk can handle a transaction. The average arrival rate is 45 customers per hour, and we know clerks can handle transactions every 4 minutes, which equates to 15 transactions per hour per clerk.

To keep the average time a customer spends in the system under 5 minutes, the service capacity needs to be greater than the arrival rate. We're looking for the minimum number of clerks needed, which can be found by dividing the arrival rate by the service capacity of each clerk and rounding up.

Doing the math, 45 customers per hour divided by 15 transactions per hour per clerk equals 3 clerks. However, to ensure the system remains under 5 minutes even under pressure, an additional clerk may be required to counter any potential customer-surges. Thus, the minimum number of clerks needed would be 4 (option c).

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Phillip has $60 left to spend on DVDs and CDs, each costing $20. He can only afford 3 additional items in any combination within his budget. His budget line will connect the points (4,0) and (0,4) on a graph, indicating the total DVDs and CDs he can buy.

Considering Phillip has already purchased 1 DVD and 1 CD, he has spent $40 from his $100 budget. Phillip wants to buy 3 more DVDs and CDs each, with each DVD and CD priced at $20. To draw Phillip's budget line, we need to understand how many additional DVDs and CDs he can afford with his remaining budget of $60.

Theoretically, without any prior purchases, Phillip could buy 5 DVDs or CDs in total since $100 divided by $20 equals 5. However, with 1 DVD and 1 CD already purchased, his budget line would then cross the horizontal axis (for CDs) at 4 and the vertical axis (for DVDs) at 4 due to the remaining $60 to be spent (each worth $20). The budget constraint would look like a line connecting these two points (4,0) and (0,4) with a slope of -1, indicating that for every additional DVD added, one CD must be removed, and vice versa, due to the budget constraint.

With respect to the bundles Phillip may choose, there are several combinations left up to the budget limit. For 3 more of each item, he would spend $120, which is beyond his budget, hence he cannot afford all 3 additional DVDs and CDs. Here are three different bundles within his budget that Phillip could consider with his remaining $60:

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Final answer:

IFRS has major implications on financial reporting for healthcare organizations, enhancing consistency and comparability of financial data, necessitating transparent allocation of resources and risk reporting, and requiring a balance between transparency and privacy.

Explanation:

International Financial Reporting Standards (IFRS) impose significant implications on financial reporting by health care organizations. Firstly, IFRS adoption can lead to greater consistency and comparability of financial statements, making it easier for investors and stakeholders to assess the financial health of organizations across borders. However, health care organizations may also face challenges due to diverse health financing systems such as fee-for-service and HMOs. For instance, the allocation of resources and the calculation of reimbursements must be transparently reported under IFRS. Furthermore, risks such as adverse selection in insurance markets need careful disclosure to accurately represent the organization's financial position. Finally, privacy concerns around health records must be balanced against the transparency required by financial reporting regulations.

Answer:

correct answer is d. collusion

Explanation:

Nextflix and Flixbuster both did an agreement for supply every 250 subscriptions so it is collusion because collusion is that when 2 or more companies get together and make a secret agreement  

and it is possibly unethical so collusion is an illegal practice and there is  Antitrust law to preventing collusion between 2 or more companies

because these type of company operate to detriment of the third party

and these type of secret agreement occur for sale and purchase and advertising

so correct answer is d. collusion

Answer:

The correct answer is letter "B": False.

Explanation:

Cost of Capital is the cost of funds used to finance a business. Typically, corporations obtain financing by a combination of issuing equity in the form of shares and by taking on debt through borrowing from banks or issuing bonds.     The people who provide the company with its capital also want to earn a return on their investment.

Thus, paying dividends is not the only obligation considered while calculating the cost of capital. Then, The cost of capital for an all-equity-financed company that pays no dividends is unlikely to be zero.

Answer:

correct option is (B) $2,800,000

Explanation:

given data

acquired = 40%

outstanding common stock = $2,400,000

assets = $8,000,000

liabilities = $2,000,000

net income = $500,000

paid dividends = $300,000

fair value = $7,000,000

solution

we get here amount that is reflected in December 31, 2012 balance sheet

as we know fair value, investment reported at fair value

so amount that reported in balance sheet is share in fair value

so amount reflected is = 40% share of fair value

amount reflected = 40% × $7000000

amount reflected = $2800000

so correct option is (B) $2,800,000

Given the fair value of Inkblot Co at the end of 2012 and Trycker’s 40% ownership, Trycker's investment would be reflected as 40% of $7,000,000. Thus, the amount at which Inkblot will be reflected in Trycker's December 31, 2012 balance sheet is $2,800,000.

When a company elects the fair value option for its investment under the equity method, that means it chooses to adjust its investments to their fair value each reporting period. In this specific case, Trycker, Inc. elected the fair value method for its investments in Inkblot Co.

As such, Trycker adjusts its investment each reporting period to reflect its fair value. Given that the fair value of Inkblot Co at the end of 2012 was $7,000,000, and Trycker owns 40% of Inkblot, Trycker's investment would be reflected as 40% of $7,000,000.

So, the amount at which Inkblot will be reflected in Trycker's December 31, 2012 balance sheet is 40% of $7,000,000, which equals $2,800,000. Therefore, the correct answer is (B) $2,800,000.

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Answer:

D: All of the above

Explanation:

All the options are correct

Answer:

1. $70

2. $106.42

Explanation:

(1) Variable manufacturing cost per unit:

= Direct labor + Direct material + Variable overhead

= $10 + $34 + $26

= $70

(2) Full cost per unit:

= Direct labor + Direct material + Variable overhead + Variable selling cost + (Fixed ÷ 1,200)

= $10 + $34 + $26 + $5 + [(19,500 + 18,200) ÷ 1,200)]

= $75 + $31.42

= $106.42

Answer:

Letter C is correct. Developing the marketing plan.

Explanation:

As Pizza Hearth is in the process of deciding how to enter Eastern European countries, it can be said that the company is at the stage of developing the marketing plan in the international planning process.

A marketing plan is a document that complements the business plan and contains written in detail all the plans and actions of an organization that will be necessary to achieve its marketing objectives.

As Pizza Hearth is planning to enter a new market, the development of the marketing plan will provide essential subsidies for the company to define the best strategies for reaching the target audience according to its demographic characteristics, such as culture, tastes, lifestyle and others.

Through this strategic tool it is possible to identify the strengths, weaknesses,  opportunities and threats that the micro and macro environment provides the company, assisting in the development of objectives and goals, in the knowledge of competitors and the wishes and needs of potential customers.

Answer: As a terorrism preparedness, local, country and state assets need to be in place as an answer to counterterrorism preparedness. National infrastructure preparedness plan which outlines how government and private sector participants in the community can work together to manage risks and achieve security and resilience outcomes.

The National Infrastructure and Computer Intrusion Program also have a role in preventing terrorist act by identifying, protecting, preventing and detecting of computer intrusions. Assets include the major electrical, communications, and water facilities; transportation hubs; energy plants and other infrastructure which are instrumental in terrorism attack.

Explanation:

Answer:

Sunk costs

Explanation:

The sunk cost is the cost already generated that will not be recovered in the future. However, it is also referred to as past expenses.

It is irrelevant at the time of decisions with respect to capital investment as this cost is useless.

So at the time of the capital investment proposal, the sunk cost should not be considered. The other cost which is related to the initial outlay would be considered

Answer:

Explanation:

2)

Calculation of P&L

Underlying Price = $ 57.70

Underlying Price is more than exercise price (40) ⇒ the option is exercised.

Initial Cash Flow = - $ 2.63

Cash Flow at Expiration = $ 57.70 - $ 40 = $ 17.70

Prrofit = $ 17.7 - $ 2.63 = $ 15.07

Answer:

the transaction is complete and the goods or services are delivered.

Explanation:

According to generally accepted accounting principles (GAAP), the revenue should be recognized when the goods or services are delivered and the transaction is completed in all respects.  

The revenue recognition principle applies when the revenue is realized or earned whether cash is received or not plus it also follows the accrual basis of accounting. Here, realizable means that customer received the product but the payment is made at the later date

Revenue is recognized as income under GAAP when a transaction is complete and goods or services have been delivered.

According to the generally accepted accounting principles (GAAP), revenue is recognized as income only when the entire transaction is complete and the goods or services have been fully delivered to the customer. This is often referred to as the revenue recognition principle, which is a cornerstone of accrual accounting. It's important for companies to follow this principle in order to accurately represent the company's financial health in its financial statements. For instance, if a company agrees to deliver 100 items to a customer and it has only delivered 50, it can't recognize the entire contracted revenue yet, only the portion related to the 50 delivered items.

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Explanation:

First, it is necessary and ideal to formalize the relationship between two partners, regardless of the degree of friendship between them. For this, the most relevant advice would be to have a proper contract, so that business is legalized and so that each partner has security and support provided in the contract to resolve any situation.

A contract is a super important document for any business, it must have all the rules of conduct in business, as well as the rights and duties of each partner.

It is through the contract that the essential rules that will govern the relationship between each of the parties will be defined, therefore it is necessary that the contract is developed in accordance with everything that governs a company, the activities, responsibilities, ethical and legal conduct and others, so that the company's activities flow as expected.

Final answer:

Starting a business with a friend is an exciting venture, but it's crucial to have a formal agreement, clearly defined roles, a conflict resolution plan, understanding of financial commitments, and maintain open communication. These steps protect both the relationship and the business, ensuring a professional approach to the venture.

Explanation:

Starting a business with a friend is an exciting venture, but it's crucial to lay a strong foundation beyond just a handshake, even for long-standing friendships. Here's some advice for starting a business with a friend:

Formalize the Agreement: Even though trust and friendship form the basis of your partnership, it's imperative to have a written agreement. This document should cover roles, responsibilities, equity split, and what happens if a partner wants to exit the business. Clear documentation helps prevent misunderstandings.

Define Roles and Responsibilities: Clearly define who is responsible for what in the business. This clarity can help avoid stepping on each other's toes and will ensure the smooth operation of your business.

Plan for Conflict Resolution: Disagreements are part of any business. Plan in advance how you'll handle conflicts, possibly including a mediator to help resolve disputes objectively.

Understand the Financial Commitments: Make sure both parties are clear about the financial contributions and implications of running the business. Discuss and agree on how profits and losses will be shared.

Keep Communication Open and Honest: Regular communication is key, not only about the business but also about how the partnership is affecting your personal relationship. Ensure you schedule regular check-ins.

Remember, taking these steps does not mean you doubt the friendship or partnership. Instead, it's about protecting both the relationship and the business venture. A written agreement and clear communication are signs of a professional and thoughtful approach to business, crucial for success.

Answer:

The correct answer is letter "A": current perspective.

Explanation:

Management Accounting is internally-based accounting that helps managers measure the results of their current and future decisions. This is in contrast to financial accounting which emphasizes more general, higher-level financial results of the company. One common managerial accounting tool is determining the profit margin of each of the company's products.

Answer:

The correct answer is: Corporate Policies.

Explanation:

Corporate Policies are the set of rules and guidelines companies provide to their employees so they can have an understanding of what type of behavior is expected from them within the organization and who they should talk to according to the situations that arise. The hierarchy of the firm is established the corporate policy for employees to know who their managers are.

Answer:

To devise their business strategy accordingly

Explanation:

The USAA is an auto-insurance company and with a wide array of customers, information such as will lead them to further invest and provide more services that can cater the singular most serviced auto part. This can lead to a rise in the trust and loyalty of the customers.

The collection of such data can be beneficial for the company as it can use it to devise the information to shape its policies accordingly. The most frequently fixed auto part information can lead the company to provide more easy and accessible service to its customer. This would ensure a geometric growth in the customers. By providing relaxed services and lesser charges on the service, USAA can garner a lot of new customers.

Final answer:

USAA should collect data on auto part repairs to manage risks, customize insurance offerings, and enhance customer satisfaction by providing personalized maintenance advice. The data's value might change if compromised, affecting customer trust, making data security crucial.

Explanation:

USAA should collect data on which auto parts are fixed most frequently to facilitate effective risk management and tailor their insurance offerings. By analyzing this data, they can identify patterns in repairs and adjust their coverage plans and pricing accordingly. For instance, if certain parts are prone to failure, USAA could offer enhanced coverage options for those parts. Additionally, understanding repair frequency can inform preventative maintenance recommendations, contributing to customer satisfaction and reduced claims.

The cost to replace this data can be substantial, not only in monetary terms but also in terms of lost insights and customer trust. Replacing lost data could be challenging, and its value may change if it is compromised, affecting both the company's competitive edge and its relationship with customers. Data privacy is essential, so USAA must ensure that data collection is transparent and compliant with regulations, carefully outlining what data is collected, why, and who has access to it.

Moreover, using the collected data, USAA can potentially communicate with customers to offer personalized driving tips and maintenance advice, thereby enhancing their car care experience. The data can also enable USAA to advocate for improved safety regulations in the automotive industry based on empirical evidence of part failure rates.

Answer:

The endowment effect

Explanation:

According to the endowment effect, people are emotionally biased and tend to over value what they already own and undervalue what they haven't purchased.

They form some kind of attachment to what belongs to them and attach extra value to the item, due to the fear of losing it.

For example a person may prefer to continue using an old car rather than pay a certain amount to buy another used car.

Pentrall Bros, is trying to avoid the endowment effect by ensuring the prices of its used cars, are not higher than the prices at which customer's value them.

To calculate the maximum contribution for an educational savings account, we need to consider the IRS limits. Based on Carl's income, the maximum contribution is $1,000.

To calculate the maximum contribution Carl is allowed for an educational savings account, we need to consider the limits set by the IRS. For 2017, the maximum contribution for an individual taxpayer is $2,000. However, this limit is phased out for taxpayers with higher incomes. To determine the phase-out limit, we need to calculate Carl's Adjusted Gross Income (AGI).

Carl's AGI is his salary of $91,500 plus his interest income of $11,000, which equals $102,500. Since his AGI exceeds the phase-out threshold of $95,000 for single taxpayers, the maximum contribution for an educational savings account is reduced.

We can calculate the reduction amount by subtracting the phase-out threshold from Carl's AGI. In this case, $102,500 - $95,000 = $7,500. Next, we divide the reduction amount by $15,000 (which represents the range over which the reduction occurs) and multiply the result by the maximum contribution limit ($2,000). So, $7,500 / $15,000 * $2,000 = $1,000.

Therefore, the maximum contribution Carl is allowed for an educational savings account is $1,000 (option c).

Answer:

True

Explanation:

Firms and organisations need to register their companies as this helps them to avoid any problem related to the company's name and trademark in the future. Furthermore, trademark protection prevents another firm to copy another firms name, logo or tagline which can create confusion in the minds of potential buyers. Trademark protection costs a very minimal amount but protects a company's name.

Complete Question:

The "invisible hand" using Adam Smith's terminology refers to

a. government control of the market.

b. market forces working through the price mechanism.

c. the money supply that serves to keep the economy working smoothly.

d. the role of innovation in maintaining a steady rate of growth.

e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.

Answer:

The "invisible hand" using Adam Smith's terminology refers to  Market forces working through the price mechanism.

Explanation:

The invisible hand is the in observable market force, which helps demand and delivers goods automatically to balance in a free market.

Description: In his book ' The Wealth of Nations ' Adam Smith implemented the phrase of the invisible hand.

An invisible hand that defines the processes through which favorable social and economic effects that emerge out of the self-interested behaviors obtained by individuals, who have no intention of producing such results. The term developed by the eighteenth-century British philosopher and economist Adam Smith.