Current assets are those assets that can be converted into cash within:
A. One year and never longer.
B. One year or the operating cycle, whichever is longer.
C. One year or the operating cycle, whichever is shorter.
D. Management's discretion.

Answer: True

Explanation: The slope of the production function measures the change in output for each additional unit of input (the marginal return). It can be observed that the production function becomes flatter as more number of input is added. This exhibits the property of diminishing marginal return where at some point, adding an additional factor of production results in smaller increases in output. At this point, the effectiveness of each additional unit of input decreases.

It should be noted that the shape of the production function reflects the law of diminishing marginal returns.

Production function, serves as the equation that explains the relationship that exists between the quantities of productive factors as well as the

amount of product obtained.

It helps to reflects the law of diminishing marginal returns.

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The executive role responsible for overall priority setting, project selection and prioritization, general guidance and encouragement is the Steering Team.

The executive role responsible for overall priority setting, project selection and prioritization, general guidance and encouragement is the Steering Team.

The Steering Team is usually made up of high-level executives who set the direction and make crucial decisions for the organization. They prioritize projects based on the organization's goals and strategic objectives. They also provide general guidance and encouragement to ensure projects stay on track.

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I would expect an online retailer to have a higher asset turnover over a brick-and-mortar retailer because they are more adaptable to change as per the customers choice ,they have many choice options for their customers and are more relaxed  with their product  pricing strategy.

Explanation:

Asset turnover ratio is used to calculate the productivity of an asset.A company's productivity is directly proportional to its asset turn over ratio.

The formula for calculating

Asset Turnover Ratio =Total Sales of an asset/Average total asset

The supply chain drivers that affect asset turnover are Accounts receivable,inventory ,transportation,information, facilities,sourcing and pricing.

An online retailer typically has a higher asset turnover than a brick-and-mortar retailer due to fewer physical assets. However, key supply chain drivers like production, inventory, location, transportation, information, and sourcing also significantly impact asset turnover.

Generally, an online retailer is likely to have a higher asset turnover than a brick-and-mortar retailer. This is because online retailers typically need fewer physical assets to operate and can therefore generate more sales per dollar of assets. However, other factors such as their inventory management and supplier relationships can also impact asset turnover.

The key supply chain drivers that impact asset turnover include production, inventory, location, transportation, information, and sourcing. Efficient management of these drivers can help reduce asset levels and increase sales, thus improving asset turnover. For instance, a company with efficient inventory management and supplier relationships may have a higher asset turnover ratio than its competitors even if it operates physical stores.

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Answer:

21.01 × 10⁴ m/s

Explanation:

Data provided in the question:

Potential difference between two parallel plates, V = 458 V

Mass of the alpha particle = 6.64 × 10⁻²⁷ kg

Charge released, q = 3.20 × 10⁻¹⁹ C

Distance between the plates, d = 40.6 cm

Now,

qV = [tex]\frac{1}{2}mv^2[/tex]

on substituting the respective values, we get

(3.20 × 10⁻¹⁹) × 458 = [tex]\frac{1}{2}\times(6.64\times10^{-27})v^2[/tex]

or

1465.6 × 10⁻¹⁹ = (3.32 × 10⁻²⁷)v²

or

v = 21.01 × 10⁴ m/s

Answer:

BEFH  is the critical path of this project with total duration of 16 weeks

Explanation:

Activity     Predecessor     Time

A                -                          1

B                -                          4

C                A                         1

D                B                         5

E                 B                         2

F                 C,E                      7

G                 D                        2

H                F,G                      3              

First we draw the network diagram, as shown in the attachment, according to the predecessors of each activity.

Critical activties have zero float (i.e, difference in values of final and initial start or finish of activty)

Critical Path: BEFH

Length: As shown in figure the length of critical path is 16 weeks. In other words, it takes 16 weeks to complete the project.

Answer:

Explanation:

The activities on the critical path are BEFH

The length of the critical path is 16 weeks

Answer:

Core process:

Explanation:

The value chain is considered to be that network that defines the way of distributing goods and services to the customers. It also consists of details of all transaction that is done throughout the process of distributing goods to the customers.

The Core Process is a process in involves in the value chain which handles the delivery of goods and services directly to the customers

Final answer:

To earn $300,000, we need to set up an equation and solve for the number of units that need to be sold.

Explanation:

To calculate the total revenue, we multiply the selling price by the number of units sold. In this case, the selling price of the product is $125. Let's assume that the number of units sold is x. So, the total revenue is 125x.

With a 20% increase in the selling price and the variable costs, the new selling price would be 1.2 times the original selling price ($125 x 1.2).

Similarly, the new variable costs would be 1.2 times the original variable costs ($80 x 1.2).

To earn $300,000, the total revenue must be equal to the total costs, which include the variable and fixed costs.

So, we can set up the following equation: 1.2(125x) = (80 x 1.2)x + $45,000 + $300,000.

Solving this equation will give us the value of x, which represents the number of units that need to be sold to earn $300,000.

Answer:

Environmental scanning

Explanation:

Environmental scanning nos done by new businesses that are entering a new market and it involves gathering information about events within a market space and how they affect an organisation's internal and external environment. It is used to determine the future direction of the organisation.

Digital Control Enterprises is performing a environmental scan to determine if they will expand operations in Singapore.

Answer and explanation:

American academic and author James Brian Quinn (1928-2012) found the following principles in large companies characterized by innovation: clear atmosphere and division; orientation to the market; small-size, flat organizations; multiple approaches; and, interactive learning.

Some of the innovative factors for company's establishment has been orientation, small, flat organization, multiple approaches, capital, freedom and encouragement.

James Brian Quinn has been American academic and author. He has been the inventor of managerial concept of intelligent enterprise.

According to James, the factor that has been led to the development of the company’s establishment has been:

The other factors that have been responsible for the company’s establishment have been flexibility, Availability of capital, incentives, along with freedom and encouragement.

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Answer and explanation:

Marginal Utility refers to the benefit or satisfaction obtained from consuming one more unit of a good or service. In economics, something has utility if it satisfies any consumer want or needs whether for usefulness or pleasure. It is a subjective term.

Thus, if the price of ticket movies decreases, its marginal utility will decrease and the marginal utility of tickets for basketball games will increase.

Answer:

price for selling 3000 share right is $25060.87

Explanation:

Given data:

Total Amount raised=   $4,400,000  

Spreading rate = 6%

Subscription price =   $20 per share

Number of share owned by company = 500,000

Per share cost  = $45

Totals share own in the company = 3000

subscription price after deducting spreading rate [tex]= 20\times (1 -0.06) = $18.80[/tex]

Now, Right share [tex] = \frac{4400000}{18.8} = 234,043[/tex]

Right price is calculated as

Right price = ((Number of share held * market price) + (Right share *Right price))/( Number of share held + Right share)

plugging all value in above relation

                 [tex]= \frac{500000 \times 45 + 234043\times 18.8}{500000 + 234043}[/tex]

Right share = $36.65

single right value = 45- 36.65 = $8.35

Price for 3000 share right = 8.35 *3000 = $25060.86

Answer:

Explanation:

Since the fair value of the division is less than the carrying value of the division so the loss on impairment is recorded

The journal entry to record the impairment of the goodwill is shown below:

Loss on impairment A/c Dr $30,000

                       To Goodwill A/c $30,000

(Being loss on impairment is recorded)

The computation is shown below:

= Carrying value - fair value  

= $300,000 - $270,000

= $30,000

Final answer:

To record the impairment of goodwill, Ayayai Corporation would debit Loss on Impairment of Goodwill for $30,000 and credit Goodwill for the same amount, reflecting the decrease from the previously recorded $300,000 to the new implied goodwill of $270,000.

Explanation:

The student's question involves recording an impairment of goodwill for Ayayai Corporation's purchase of Johnson Company. Initially, goodwill of $300,000 was recorded, but due to impairment, the fair value decreased, and the implied goodwill is now at $270,000. To record the impairment loss, the company would need to make the following journal entry:

Answer:

d. $63

Explanation:

This "thank you" classifies as a performance bonus and, therefore, Edwina should include the whole market value plus dividends received from the three shares of Ed's TV Repair stock that she earned. The total amount for the shares' value plus dividends earned is:

[tex]A = 3*(\$20+\$1)\\A=\$63[/tex]

Edwina should include $63 in her gross income.

Answer:

d.$1,371,000

Explanation:

Given that

Warranty liability at the beginning of year = $359,000

Warranty liability at the end of year = $308,000

Warranty expense = $44 million

Sales percentage = 3%

So, the warranty expense = $44,000,000 × 3% = $13,20,000

So, the warranty expenditures for 2018 is

= Beginning warranty liability + warranty expense - ending warranty liability

= $359,000 + $13,20,000 - $308,000

= $1,371,000

Answer:

Probability, P(n) = 3/8

Explanation:  Let standard delivery be S and express delivery be E.

I) When the parcels were sent:

S(n) = 75/100 and E(n) = 25/100

II) When the parcels arrived:

S(n)← = 80/100 and E(n)← = 95/100

The probability a record of a parcel delivery is chosen, P(n) = S(n)*E(n) + E(n)*S(n) = 75/100*25/100 + 25/100*75/100

P(n) = 3/16 + 3/16 = 6/16

∴ P(n) = 3/8

Answer:

This problem requires us to pass journal entry to assign overhead to the Assembly and Finishing Departments.

We know that overhead is allocated on estimation basis through applied overhead account. The basis of assignment is given in the question. The overhead will be assigne/recorded in relevant department work in process cost account. The journal entry is given below.

Debit Assembly WIP Account                         $ 70,720

(44,200*1.6 = 70.720)

Debit Finishing WIP Account                           $ 28,000

((62,200-44,200)*1.6 = 28,800)

Credit Factory Overhead applied Account    $ 99,520

Manufacturing overhead is allocated to departments based on 160% of labor costs. The assembly department uses more labor thus gets assigned more overhead ($70,720) compared to the Finishing Department ($28,800).

The subject of this question is business, specifically the journalization of costs in a manufacturing firm. To address this, let's first lay out what we know.

The Assembly Department used $31,900 of raw materials and $44,200 of factory labour. The Finishing Department used the remainder which means they used ($52,200 - $31,900) of raw materials or $20,300 and ($62,200 - $44,200) of factory labour or $18,000.

Next, as per the information given, manufacturing overhead is assigned to the departments on the basis of 160% of labor costs. For the Assembly Department, this would be (160/100) * $44,200 which is equal to $70,720. For the Finishing Department, it would be (160/100) * $18,000 which is equal to $28,800.

Therefore, the assembly department is assigned $70,720 in overhead whereas the Finishing Department gets assigned $28,800.

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Answer:

(a) Cumulative dividend is not reported in Balance sheet.

The dividends in arrears on December 31, 2014 is $240,000

(b) Preferred Stock (Dr.) $400,000

    Common Stock (Cr.) $280,000

     Paid in capital Excess of par (Cr.) $120,000.

(c) Cash (Dr.) $1,070,000

    Preferred Stock (Cr.) $1,000,000

    Paid in capital (Cr.) $70,000

Explanation:

a. Cumulative dividends on Preferred stocks are not declared and therefore they are not reported in Balance sheet of a company.

To calculate the dividends in arrears on December 31, 2014,

10,000 shares * $100 par value * 8% preferred stock. * 3 years arrears.

= $240,000.

b. Preferred stock conversion into common stock is recorded as common stock account in balance sheet.

Preferred stock conversion amount is 4,000 shares * $100 par value = $400,000. This is presented as debit entry.

The credit entry will be common stock account with $ 280,000 (4,000 * 7 shares conversion * $10 par value).

The difference in both entries will be recorded as paid in capital as credit.

c. When preferred stock is issued cash is increased so debit account will be cash (10,000 shares * $107 per share) and credit entry will be Preferred Stock account in balance sheet at par value (10,000 shares * $100 par value). The remaining is credited in paid in capital of preferred stock account  [10,000 shares * $7 ($107 - $100) per share].

The dividends in arrears should be reported as $240,000 on the December 31, 2014 balance sheet. When preferred stocks are convertible and 4,000 are converted, the business needs to debit Preferred Stock and credit to Common Stock. If the preferred stock was issued at $107, it is reported in the equity section as Preferred Stock and Paid-in Capital in Excess of Par (Preferred Stock).

(a) Dividends in arrears are calculated as the difference between the last payment date and the date of the Balance sheet. There are three years between December 31, 2011, and December 31, 2014. So, we need to calculate three years of dividends. The amount of the annual dividend is calculated as 8% of the par value (i.e., $100), so the annual dividend per share is $8. For 10,000 shares, it's $80,000 per year. Thus, for three years, it's $80,000 * 3 =  $240,000.

(b) If the preferred stock is convertible and 4,000 shares are converted, the entries would be a debit to Preferred Stock for $400,000 (4,000 shares times $100 par value), a debit to Paid-in Capital in Excess of Par (Preferred Stock) for the amount that the preferred stock was issued above its par value (if any), and a credit to Common Stock for $280,000 (4,000 shares times 7 new shares per original share times $10 par value) in the financial journal.

(c) If the preferred stock was issued at $107 per share, the preferred stock would be reported in the shareholders’ equity section as Preferred Stock ($1,000,000) and Paid-in Capital in Excess of Par (Preferred Stock) ($70,000).

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Answer:

Explanation:

One approach to organization is putting activities that are similar under one person. Fayol called this ""unity of direction."" . Fayol was the first person who outlined the functions of management. He has fourteen principles of management; Unity of directions is one of the principle which narrates that  One boss, one plan for a group, of activities having the same objective. As unity of direction principle, it leads all the members of the organization towards a common goal to achieve its objective.

Final answer:

Henri Fayol proposed the principle of 'unity of direction,' suggesting that similar activities should be managed together, which relates to modern business practices emphasizing core competencies and specialized product lines.

Explanation:

The principle of unity of direction was espoused by Henri Fayol, a French mining engineer and a key figure in the development of modern concepts of management. Unity of direction means that activities which are similar in nature should be managed under one plan and by one manager. This principle aligns with the shift in organizational structures we observe in modern times, where there's a greater emphasis on flat organizational structures and centrality of teamwork. Despite the trend towards less hierarchy and increased collaboration across roles, Fayol's principles still echo in today's business practices where focusing on a core competency and specialized product lines often leads to better success for firms rather than spreading efforts across a wide range of products.

Answer: option B: False

Explanation:

Liabilities and Expenses will both be understated

Answer:

False

Explanation:

Warranty accruals will be accounted for when incurred through the following entries,

Debit Warranty expense

Credit Warranty accrual

Using the history as a basis for accrual estimating the  warranty expenses at 2% instead of 5% would result in an understatement of the two accounts stated above.

These are the expense and accrual accounts. As such the answer is false

Answer:

$172,000

Explanation:

Given that,

A person having a amount today for investment = $86,000

Initial margin requirement = 50 percent

Therefore,

Maximum dollar purchase he can make is as follows:

= Amount of money available ÷ Initial margin requirement

= $86,000 ÷ 50%

= $86,000 ÷ 0.50

= ($86,000 × 100) ÷ 50

= $172,000

Therefore, the maximum amount of dollar purchase is $172,000.

Answer:

The correct answer is letter "B": reduce productivity. Other things the same, this decrease will be larger in a poor country.

Explanation:

Labor productivity measures the units a worker can produce per hour. Capital, technology, and human development influence the labor productivity employees could have. Poor countries are characterized by having low investments. If the labor force increases but the capital remains stagnant, the level of productivity is likely to fall since there is a surplus in labor hand.

Final answer:

In short, an increase in working population tends to reduce productivity, which is likely to be more pronounced in a rich country because of the higher initial capital per worker. However, the correct option is that productivity decreases and is more impacted in a poor country. Option b is correct.

Explanation:

An increase in the working population has different effects on productivity depending on whether it's a rich or a poor country. In the short term, an increase in the working population is likely to reduce productivity because the same amount of capital is now spread over more workers, reducing the amount of capital per worker.

In a rich country, where the amount of capital per worker is typically higher, this reduction in productivity may be larger because the gains from additional labor are less when capital is already abundant. Conversely, in a poor country, where capital is scarce, adding more labor can actually make better use of the limited capital, such as in the example of more taxi drivers sharing a single vehicle to increase its time on the road and thus, its productivity. In this case, the decrease in productivity due to more workers sharing the same capital might be less pronounced than in a rich country.

Therefore, the correct answer is b. reduce productivity. Other things the same, this decrease will be larger in a poor country.

Answer:

1. General journal entries to record each transaction.

Jan. 1                         Dr.             Cr

Cash                      $103,000

Common Stock                      $103,000

Jan. 2                         Dr.             Cr

Inventory              $38,000

Account Payable                   $38,000

Jan. 4                           Dr.             Cr

Prepaid Insurance  $2,760

Cash                                           $2,760

Jan. 10                            Dr.             Cr

Account Receivable  $12,300

Sale                                             $12,300

Cost of Goods Sold   $7,300

Inventory                                     $7,300

Jan. 15                            Dr.             Cr

Cash                          $33,000

Note Payable                               $33,000

Jan. 20                            Dr.             Cr

Salary Expense         $33,000

Cash                                              $33,000

Jan. 22                            Dr.             Cr

Cash                           $10,300

Sale                                             $10,300

Cost of Goods Sold   $6,300

Inventory                                     $6,300

Jan. 24                            Dr.             Cr

Account Payable       $15,300

Cash                                              $15,300

Jan. 26                           Dr.             Cr

Cash                          $6,150

Account Receivable                     $6,150

Jan. 28                            Dr.             Cr

Utility Expense          $1,000

Cash                                              $1,000

Jan. 30                            Dr.             Cr

Rent Expense              $2,150

Prepaid Rent               $2,150

Cash                                              $4,300

2.

MS Excel File is attached for T accounts Posting in Worksheet Named as " T Account". Please Find that.

3.

MS Excel File is attached for unadjusted trial balance in Worksheet Named as " Trial Balance". Please Find that.

To compute the firm's accounting profit, subtract the total expenses ($950,000) from the sales revenue ($1 million), resulting in an accounting profit of $50,000 for the year.

The question concerns the calculation of a firm's accounting profit, which is determined by subtracting all expenses from sales revenue. To calculate the accounting profit, we take the firm's total sales revenue of $1 million and deduct the costs of labor, capital, and materials, which are $600,000, $150,000, and $200,000 respectively.

Accounting profit = Sales revenue - (Labor costs + Capital costs + Materials costs)
Accounting profit = $1,000,000 - ($600,000 + $150,000 + $200,000)
Accounting profit = $1,000,000 - $950,000
Accounting profit = $50,000

This calculated figure represents the firm's net income or accounting profit for the year, after accounting for the explicit costs.

Answer:

B. buyer must pay $2.33 per gallon for the rest of the year.

Explanation:

The correct answer is B. The seller agrees to supply gasoline for next year at $3 per gallon, the buyer agreed to it. When the gasoline prices declined the buyer insisted to reduce price and seller agreed to it. When the prices rise again the seller asked to raise price but buyer refused. Buyer cannot terminate the contract instead it has to continue buying at $2.33 per gallon if the seller is agreed to sell on this price for the rest of the year.

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

Answer:

The equity will decrease through retained earnigns for 3,000,000 dollars

Explanation:

The company's accounting will distribute the shares at the carrying value of the shares which is $5 per share as for them that is how much they are worth.

600,000 shares x $5 each = $3,000,000

retained earnings 3,000,000 debit

 investment on Comption        3,000,000 credit

The equity will decrease through retained earnigns for 3,000,000 dollars

Answer:

(c) Interview customers to get their opinion about the checkout process  

Explanation:

Customers are those who buy goods or receive services from a business owner. Customers may sometimes not be the consumers because the customers may buy from the company and sell to other people to consume. The customers may also be the consumers at times when they consume what they bought. If customers do not buy from the business owners, they won't be consumers, thou consumers are gods in today's market and life wire of any business.Once customers are satisfied with the products and services provided to them by the company, they will continue to patronize the company and never substitute it for another company.Most companies start having problems or loose customers due to  nonsatisfaction of goods and services render by the company. Therefore, interviewing the customers to get their opinion about the checkout process is the best approach for gaining more insight into the problem because they are in the best position to state why they are not patronising the company's product again.

Answer:

a. Conduct a focus group with half a dozen or so cashiers and baggers to allow them an opportunity to identify issues with the checkout process and QueVision system.

Explanation:

Answer:

Here, The Manager class is a child class of Employee class. There is an “Is-A” relationship between the manager and employee classes. Here Manager class extends from Employee class. That means Manager “is an” Employee.

It means Manager class objects will have the fields of the Employee class but it cannot access them on its own as my Name, my Title and my Age are declared private. It has to use super keyword and super class methods and constructors to access those fields. But, Manager class can access mySalary on its own because it is declared protected. As a sub class object can call super class methods ( which are public and protected ), the sub class objects can access those field indirectly by using super class constructors and methods. It means the Manager class cannot directly control the Employee class fields without using Employee class constructors and methods.

Answer:

True

Explanation:

Qualified dividends are ordinary dividend that enjoy special tax privilege by being taxed at lower rate. The rate is based on specific tax rate which range from  0% to 20% depending on the income threshold. Though these dividends are taxed based on this specific lower tax rate compare to income tax rate, they are also subjected to net investment income of 3.8% if they earn above certain threshold.

However for dividends to be qualified, it must meet the two requirements given by the Internal Revenue Service (IRS). The requirements are:

*The dividend must have been paid by an entity incorporated in the United States or a qualifying foreign entity.

* The stock must have been held within the minimum holding period specified by the tax law.

So the answer is true because qualified dividends may be subject to a marginal tax rate of 23.8% for taxpayers with income over a certain threshold as explained above.

Answer:

The answer is b. $104,800

Explanation:

W-2 for Jan $52,300+  Sam $48,700 + canceled debt income of $1,800 + state lottery winnings of $2,000 = $104,800

Answer:

Explanation:

1. Calculate the CPI

CPI is the consumer price index.

CPI is created using a basket of goods and services that are typically consumed.

In the given case the typical basket is:

Then to find the CPI for a determined year you multiply each item by its price and then add up all the results.

For the base year, the expenditures per month were:

Then, the CPI for the base year is:

The year following the base year, the expenditures per month are:

Then the CPI for the followng year is:

2. Calculate the rate of inflation

The rate of inflation is defined as the increase of the CPI of the given year with respect ot the base year:

The formula to calculate the rate of inflation is:

Hence, the rate of inflation for the subsequent year is 13.5%