Dec. 6 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100. 13 Purchased merchandise on account from Hecht Co. $9,000, terms 2/10, n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,000, terms 3/10, n/30. The cost of the merchandise sold was $8,000. 20 Paid salaries $1,800. 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Adjustment data:
Answers
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Related Questions
The Arndt Company repurchased 50,000 shares of its own common stock on the stock exchange during 2019. At the end of 2018, Arndt had 750,000 shares of its common stock outstanding, During 2019, no preferred dividends were paid but $350,000 of dividends were paid on common stock. Net income for 2019 was $3,300,000. Which of the following is NOT true for 2019 based only on the above information? a. Earnings per share would be calculated using 350,000/750,000. b. Stockholders equity would decrease because of the dividends paid. c. Earnings per share for 2019 is higher because of the stock repurchase than if the purchase had not been made. d. The purchase of treasury stock will reduce cash during 2019.
Answers
Answer:
The answer is a. Earnings per share would be calculated using 350,000/750,000.
Explanation:
Please find the below for explanations:
The EPS is calculated as Net income for 2019 / Average stock outstanding or 3,300,000/ [( 750,000 + 700,000) /2] = 3,300,000/725,000 = $4.55. Thus, (a) is not a correct statement.
b is correct because once dividend paid out, retained earnings account will decrease causing Stockholder equity to decrease.
c is correct because stock repurchase will lower the Average Stock Outstanding which will rise the EPS in comparison to the scenario where stock repurchase is not made.
d is correct because repurchase are usually made by cash.
If you borrow capital to start a business and the money is provided interest-free, then your cost of capital is zero.
a. True
b. False
Answers
Answer:
If you borrow capital to start a business and the money is provided interest-free, then your cost of capital is zero.
True
Explanation:
Reason being that it does not take any cost to secure such capital i.e no interest, then there is no cost for such capital
Your pro forma income statement shows sales of $ 1 comma 023 comma 000, cost of goods sold as $ 483 comma 000, depreciation expense of $ 104 comma 000, and taxes of $ 174 comma 400 due to a tax rate of 40 %. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.)
Sales $
Cost of Goods Sold $
Gross Profit $
Depreciation $
EBIT $
Taxes (40%) $
Earnings $
Answers
Answer:
This question require us to complete the pro forma income statement given in the question. The complete income statement pro forma is given below.
Sales $ $ 1,023,000
Cost of Goods Sold $ ($ 483,000)
Gross Profit $ $ 540,000
Depreciation $ ($ 104,000)
EBIT $ $ 436,000
Taxes (40%) $ ($ 174,400)
Earnings $ $ 261,600
Pro forma earning is 261,600.
Cash flow will be Earning + Depreciation = 261,000 + 104,000 = $ 365,000.
Oscar's Flower Shop maximizes profits by hiring four workers in a perfectly competitive labor market. The workers and their value of the marginal product of labor are Noe, $40; Barbara, $35; Calvin, $27; and Diana, $15. According to the marginal productivity theoryof income distribution, which of the following statements is TRUE?
A)In equilibrium, each worker is paid his or her value of the marginal product of labor.
B)Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40).
C)Each worker is paid $15.
D)We need to know the product price before we can figure out the wage rate.
Answers
Answer: A. In equilibrium, each worker is paid is or her value of marginal product of labour.
Explanation:
Marginal productivity of income distribution refers to the additional revenue derived from the marginal unit of product produced and that wages should be equal to the marginal revenue derived from the production of additional or marginal product and this is achieved at equilibrium.
The theory also implies that workers should not be paid below or above the marginal revenue derivable from marginal product which implies they cannot be paid $15 or $40, moreover the product price is not a determinant of wages rate.
In equilibrium, each worker is paid his or her value of the marginal product of labor.
Explanation:According to the marginal productivity theory of income distribution, wages are determined by the marginal product of labor. Therefore, the correct answer to your question is option A: In equilibrium, each worker is paid his or her value of the marginal product of labor. In the context of your question, this means Noe is paid $40, Barbara $35, Calvin $27, and Diana $15, reflecting each's respective marginal productivity.
Learn more about Marginal Productivity Theory here:https://brainly.com/question/33439710
#SPJ6
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,500,000 of 5% convertible bonds outstanding during 2018. The preferred stock is convertible into 40,000 shares of common stock. During 2015, Hanson paid dividends of $.90 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2018 was $600,000 and the income tax rate was 30%. Reference: Ref 16-5 Diluted earnings per share for 2018 is (rounded to the nearest penny) Group of answer choices
a. $2.29.
b. $2.12.
c. $2.08.
d. $2.50.
Answers
Answer:
Option (a) is correct.
Explanation:
Convertible preferred stock:
Numerator effect = 20,000 shares × $3
= $60,000
Denominator effect = 40,000 shares
Overall effect = $60,000 ÷ 40,000
= $1.50
Convertible bonds:
Numerator effect = $1,500,000 × 5% × (1 - 0.30)
= $52,500
Denominator effect = ($1,500,000 ÷ $1,000) bonds × 30 shares
= 45,000 shares
Overall effect = $52,500 ÷ 45,000
= $1.17
Tentative diluted EPS with only convertible bonds effect:
= [$600,000 - (20,000 × $3) + $52,500] ÷ (200,000 + 45,000)
= $592,500 ÷ 245,000
= $2.42
Effect of convertible preferred:
= [$592,500 + $60,000] ÷ (245,000 + 40,000)
= $2.29
The diluted earnings per share for 2018 is $2.29.
Convertible preferred stock:
Numerator effect = 20,000 shares * $3
Numerator effect = $60,000
Denominator effect = 40,000 shares
Overall effect = Numerator effect / Denominator effect
Overall effect = $60,000 / 40,000
Overall effect = $1.50
Convertible bonds:
Numerator effect = $1,500,000 * 5% * (1 - 0.30)
Numerator effect = $1,500,000 * 5% * 0.70
Numerator effect = $52,500
Denominator effect = ($1,500,000/$1,000) bonds * 30 shares
Denominator effect = 45,000 shares
Overall effect = Numerator effect / Denominator effect
Overall effect = $52,500 ÷ 45,000
Overall effect = $1.17
Tentative diluted EPS with only convertible bonds effect:
= [$600,000 - (20,000*$3) + $52,500] / (200,000 + 45,000)
= $592,500 / 245,000
= $2.42
Effect of convertible preferred = [$592,500 + $60,000] / (245,000 + 40,000)
Effect of convertible preferred = $652,500 / $285,000
Effect of convertible preferred = $2.29
Therefore, the diluted earnings per share for 2018 is $2.29.
See similar solution here
brainly.com/question/17150492
Suppose Presented below is 2022 information for for PepsiCo, Inc. and The Coca-Cola Company. ($ in millions) PepsiCo Coca-Cola Net cash provided by operating activities $6,149 $7,857 Average current liabilities 9,231 12,094 Net income 6,025 7,051 Sales revenue 43,354 28,578 Capital expenditures 1,938 1,924 Dividends paid 2,841 3,734 Compute free cash flow for both companies and compare. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answers
Answer:
$1,370 and $2,199
Explanation:
The formula and computation of the free cash flow is shown below:
= Net cash provided by operating activities - Capital expenditures - Dividend paid
For Pepsi Co, it would be
= $6,149 - $1,938 - $2,841
= $1,370
For coca-cola, it would be
= $7,857 - $1,924 - $3,734
= $2,199
As we see that, the coca-cola company has higher free cash flow than the Pepsi co
Based only on the knowledge that the premerger market share of two firms proposing to merge was 30 percent each, an economist working for the Justice Department was able to determine that, if approved, the postmerger HHI would increase by 1,800. Which of the following equations is a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms (Firm i and Firm j) in the market merge, where Si is the market share of firm i and Sj. is the market share of firm j? (Hint: Compare a2 + b2 with (a + b)2.)
Answers
The general rule for how the Herfindahl-Hirschman Index (HHI) is affected when two firms merge is calculated using the formula HHI Change = 2 * Si * Sj, where Si and Sj are the market shares of the merging firms.
Explanation:The equation that explains how the Herfindahl-Hirschman Index (HHI) is affected when two firms in the market merge, using their market shares Si and Sj, is:
HHI Change = 2 * Si * Sj
Considering that the premerger market share of each firm was 30%, and Si equals Sj, the equation becomes:
HHI Change = 2 * Si * Si
Given that we know the HHI will increase by 1800, we have:
1800 = 2 * Si * Si
1800 = 2 * (30)^2
1800 = 2 * 900
1800 = 1800
This confirms that the formula for the change in HHI due to a merger of two firms with market shares Si and Sj is 2 * Si * Sj, since it accurately predicts the change in HHI in this case.
The following information is available for Wade Corp.: Sales $580,000 Total fixed expenses $150,000 Cost of goods sold 390,000 Total variable expenses 360,000 A CVP income statement would report Select one: a. gross profit of $190,000. b. contribution margin of $430,000. c. gross profit of $220,000. d. contribution margin of $220,000.
Answers
Answer:
Contribution margin = Total sales - Total variable cost
= $580,000 - $360,000
= $220,000
A CVP income statement would report contribution margin of $220,000
The correct answer is D
Explanation:
CVP income statement usually separate variable cost from fixed cost. In this case, there is need to determine contribution margin, which is the excess of total sales over total variable cost.
Wade Corp.'s CVP income statement would report a gross profit of $190,000 and a contribution margin of $220,000.
Explanation:In Wade Corp.’s given scenario, the necessary measures would be to calculate the gross profit and the contribution margin. The gross profit is computed by subtracting the cost of goods sold from sales revenues, i.e., $580,000 - $390,000 = $190,000 . The Contribution Margin, on the other hand, is determined by subtracting total variable expenses from sales, i.e., $580,000 - $360,000 = $220,000. Therefore, the answer to your question would be: a. gross profit of $190,000, and d. contribution margin of $220,000.
Learn more about Business Accounting here:https://brainly.com/question/29608710
#SPJ3
Exercise 118 The information shown below is taken from the accounts of Waverly Corporation for the year ended December 31, 2017. Net income $314,000 Amortization of patent 12,000 Proceeds from issuance of common stock 103,000 Decrease in inventory 27,000 Sale of building at a $15,000 gain 85,000 Decrease in accounts payable 15,000 Purchase of equipment 185,000 Payment of cash dividends 24,000 Depreciation expense 55,000 Decrease in accounts receivable 23,000 Payment of mortgage 75,000 Increase in short-term notes payable 8,000 Sale of land at a $5,000 loss 40,000 Purchase of delivery van 33,000 Cash at beginning of year 205,000 Prepare a statement of cash flows for Waverly Corporation for the year ended December 31, 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answers
Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $314,000
Adjustment made:
Add : Depreciation expense $55,000
Add: Amortization of patent $12,000
Less: Gain on sale of building -$15,000
Add: Loss on sale of land $5,000
Add: Decrease in accounts receivable $23,000
Add: Increase in short-term notes payable $8,000
Add: Decrease in inventory $27,000
Less: Decrease in accounts payable -15,000
Total of Adjustments $100,000
Net Cash flow from Operating activities $414,000
Cash flow from Investing activities
Sale of building $85,000
Less: Purchase of equipment -$185,000
Sale of land $40,000
Less: Purchase of delivery van -$33,000
Net Cash flow from Investing activities -$93,000
Cash flow from Financing activities
Proceeds from issuance of common stock $103,000
Less: Payment of cash dividends -$24,000
Less: Payment of mortgage -$75,000
Net Cash flow from Financing activities $4,000
Net Cash flow from Operating activities $414,000
Net Cash flow from Investing activities -$93,000
Net Cash flow from Financing activities $4,000
Net increase (decrease) in cash for the year is $325,000
Add: Cash at beginning of year $205,000
Ending cash balance $530,000
If the United States is currently importing 14 million barrels of crude oil per day at a world price of $4.00 per unit (the entire amount consumed), how much tax revenue is generated from an import fee equal to $8.00 per unit?
Answers
Answer:
20 million dollars
Explanation:
trust me on this i got the same question on my quiz and my teacher gave me this answer
>>>> Rate me and thank me <<<<,Arigato
2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assume your school has 1,000 students. A. To generate a 95% confidence interval for the proportion of students who favor the elimination of a curfew, what's the minimum number of students you need if you want the margin of error to be 5%? (9 points)
Answers
Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.
Explanation:
Cochran’s Sample Size Formula gives the minimum number of students as [tex]n= \frac{z^{2}pq }{e^{2} } [/tex]
Where:
e is the desired level of precision (i.e. the margin of error),
p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.
The z-value for 95% confidence interval is found to be 1.96 in a Z table.
Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.
Then [tex]n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )[/tex]
[tex]n= frac{0.9604}{0.0025} } [/tex]
[tex]n= {384.16 } [/tex]
Rounding up, [tex]n= \frac{385 } [/tex]
But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:
[tex]s = \frac{n}{1 + \frac{n - 1}{N} }[/tex]
Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.
[tex]s = \frac{385}{1 + \frac{385 - 1}{1000} }[/tex]
[tex]s = \frac{385}{1 + \frac{384}{1000} }[/tex]
[tex]s = 278[/tex]
To generate a 95% confidence interval with a 5% margin of error, you need to survey at least 385 students out of 1000 at your school. This calculation assumes a z-score of 1.96 (for a 95% confidence level) and a 50% estimated proportion of the population.
Explanation:The subject of this question falls within the domain of Statistics, specifically dealing with the creation of a 95% confidence interval to determine a proportion. A confidence interval is a type of estimate computed from the statistics of the observed data. It would give a range of values that is likely to contain an unknown population parameter, the true average, for example.
In this case, you want the margin of error to be 5%. For a 95% confidence level, the z-score is approximately 1.96 (since there's a 95% chance that the true proportion falls within 1.96 standard deviations of the sample proportion).
The minimum sample size needed can be calculated using the formula:
n = (Z² * P * (1-P)) / E²
Where:
Z = Z-score (which is 1.96 for a 95% confidence level)
P = estimated proportion of the population (since we don't have an estimated proportion, we use 0.5, which maximizes the required sample size)
E = margin of error (0.05 in this case)
Plug these values into the formula gives us:
n = (1.96² * 0.5 * (1-0.5)) / 0.05² = 384.16
As we can't survey a fraction of a student, we round up to the nearest whole number. So, the minimum number of students needed to survey to create a 95% confidence interval with a 5% margin of error would be 385 students.
Learn more about Confidence Interval here:
https://brainly.com/question/34700241
#SPJ6
In its first month of operation, Kingbird, Inc. purchased 320 units of inventory for $9, then 420 units for $10, and finally 360 units for $11. At the end of the month, 400 units remained. The company uses the periodic method. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.
Answers
Answer:
$680
Explanation:
Using the FIFO method
Closing Stock = [ 360 × $11 ] + [ ( 400 - 360 ) × $10 ]
= $3,960 + $400
= $4,360
Using the LIFO method
Closing Stock = [ 320 × $9 ] + [ ( 400 - 320 ) × $10 ]
= $2,880 + $800
= $3,680
Therefore,
The amount of Phantom Profit
= Closing Stock using the FIFO method - Closing Stock using the LIFO method
= $4,360 - $3,680
= $680
Hayden Company is considering the acquisition of a machine that costs $324,000. The machine is expected to have a useful life of six years, a negligible residual value, an annual net cash flow of $100,000, and annual operating income of $85,000. What is the estimated cash payback period for the machine (round to one decimal points)?
Answers
Answer:
Cash payback period= 3.2 years.
Explanation:
Lets first understand what a cash payback period is. As the name suggest, payback period is the time duration within which a business recovers it's investment and/or capital investment and the payback period is expressed in number of years. The formula for payback period is as follows:
Payback period= initial investment ÷ annual cash-flows
In the question annual operating income is given just for distraction.
payback period = $324000 ÷ 100000
payback period= 3.2 years.
This means if Hayden company decides to invest in the machine, it would recover the cost of machine (i.e it's investment) in approximately three and half years.
Brandi recently began a new position as VP Sales for Otis Elevatos, a large firm selling new equipment for new construction, replacement elevators for existing buildings, and service contracts to maintain elevators. Otis Elevators sales representatives typically work closely with construction engineers and electrical contractors on new construction projects to determine the best placement and type of elevator to install to ensure efficient and safe operation. Which factor favoring the use of personal selling relates to this activity?
Answers
Answer: technical complexity
Explanation: In simple words, technical complexity refers to the arrangement in which an issue or a task is difficult to do due to its difficult to understand relationship between its internal variables.
Personal selling refers to the process in which an organisation hires some sales personnel who by using their ability and expertise tries to persuade the potential customer to buy the product.
Personal sling is used by the organisations where the product to be sold is technically complex to use as the salesperson can himself or herself educate the customer of how to use the product for maximum benefit.
The times (in minutes) that several underwriters took to review applications for similar insurance coverage are 50, 230, 52, and 57. What is the median length of time required to review an application?
a. 54.5
b. 141.0
c. 97.25
d. 109.0
Answers
Answer:
a. 54.5
Explanation:
The computation of the median length of time required is shown below:
= (52 + 57) ÷ 2
= 109 ÷ 2
= 54.5
Simply we first add the 52 and 57 and then divide it by 2 so that the accurate median length of time can come
All other time which is mentioned is irrelevant. Hence, ignored it i.e 230 and 50 insurance coverage as this is not a part of the computation so we do not considered it
If your uncle borrows $56,000 from the bank at 10 percent interest over the eight-year life of the loan. Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answers
Answer:
a. Annually equal instalment = Principal x rate x ( (1+rate)n / (1+rate)n -1 )
Explanation:
Accrding to the following formula, we calculate the anually equal instalment.
So, instalment = 56000 x 0.10 x ( (1.10)8 / (1.10)8 -1) = $10496.86498 ~ $10496.86
Suppose your company sells goods for $340, of which $220 is received in cash and $120 is on account. The goods cost your company $133 and were paid for in a previous period. Your company also recorded salaries and wages of $90, of which only $34 has been paid in cash. Record the sales revenue of $200 for cash and $100 on account and record the cost of goods sold of $125 using one journal entry 2. Record the salaries and wages expense of $70. journal entry has been entered
Answers
Answer:
The Journal entries are as follows:
(1) Cash A/c Dr. $200
Account receivable A/c Dr. $100
Cost of goods sold A/c Dr. $125
To sales revenue $300
To Inventory $125
(To record the sales revenue)
(2) Salaries and wages expenses A/c Dr. $90
To Cash $34
To salaries and wages payable $56
(To record the salaries and wages expense of $90)
To record the sales revenue and cost of goods sold, a journal entry can be created combining the two transactions. Additionally, the salaries and wages expense can be recorded in a separate journal entry.
Explanation:To record the sales revenue of $200 for cash and $100 on account, and record the cost of goods sold of $125 using one journal entry, you can create the following entry:
Date: [Date]
Account Debit Credit
Cash $200
Accounts Receivable $100
Sales Revenue $300
Cost of Goods Sold $125
Inventory $125
To record the salaries and wages expense of $70, you can create the following entry:
Date: [Date]
Account Debit Credit
Salaries and Wages Expense $70
Cash $34
Accounts Payable $36
Learn more about Recording sales revenue and expenses here:https://brainly.com/question/36656043
#SPJ11
If you were to log onto www.census.gov and click on "Foreign Trade," then click on "Statistics," and finally on "State ExportData," you will find a list of the products produced in yourstate, which are exported around the world. You discover that Ohio exports more to Canada and Mexico than all other countries combined. Is this factsurprising?
A. No, because of NAFTA, you would expect the export of goods to Canada and Mexico to be substantial.
B. Yes, because NAFTA is widely regarded as a failure, youwouldn't expect the countries in the agreement to trade much with each other.
C. Yes, Ohio's exports should be as diverse as that state's economy.
D. No, Canada is so close to Ohio that transportation costs must be very low.
Answers
Answer:
A. No, because of NAFTA, you would expect the export of goods to Canada and Mexico to be substantial.
Explanation:
Even though exists a lot of debate surrounding the benefits of NAFTA to the US, trade agreements tend to increase more than proportionally the commercial exchange between parties. In this case, Canada and Mexico are both parts of NAFTA, so being the most important commercial partners of Ohio should not be a surprise.
As a senior consultant, part of your role on the team is to approve final client reports before they are delivered to the client. Your team was recently hired by the President of the sales division of Plessy and Grouper, a consumer packaged goods company, to address poor customer service within the division. Your consulting team just submitted the draft of a recommendations report. While it’s full of good content, it also contains a lot of technical jargon. Which of the following aspects of effective communication do you fear your team has overlooked?
Select: 1
Length of the report.
Using facts to support the recommendations.
Analysis of client’s knowledge.
Structuring the main ideas in way that sells your ideas.
Answers
Final answer:
The consulting team may have overlooked the importance of analyzing the client's knowledge, as their report contains much technical jargon, indicating a lack of tailoring to the audience's understanding. Effective communication requires the information to be accessible, well-organized, and presented considering the rhetorical situation to provide productive feedback.
Explanation:
The consulting team tasked with addressing poor customer service at Plessy and Grouper seems to have overlooked the analysis of client's knowledge aspect of effective communication. While the report may be rich in content, the abundance of technical jargon suggests that it may not be easily understood by all stakeholders, possibly because it was not tailored to the audience's level of expertise or their informational needs. Effective reports should be tailored to the audience's understanding, avoiding intricate jargon unless the audience is thoroughly familiar with the terminology.
Moreover, such a report should also focus on being well-organized and concise to ensure that the client can easily digest the information. Considering the rhetorical situation and the readers' needs and expectations are pivotal when crafting a report. Following a clear structure, utilizing visual aids, and presenting information in an accessible manner are key elements that contribute to the delivery of productive feedback and facilitate the acceptance of the recommendations presented.
The 12/31/2012 Balance Sheet of ABC Corp. reported 10% bonds payable with a face amount of $100 million. The bonds were issued in 2000 and had a remaining discount of $1,200,000 at 12/31/2012. On 01/01/2013, ABC Corp. called the bonds at a price of 103. What entry will ABC make on 01/01/2013 to retire the bonds?
Answers
Answer:
JOURNAL ENTRIES:
Debit: Bonds payable $100,000,000
Debit: Loss on bond retirement $4,200,000
Credit: Discount on bonds payable $1,200,000
Credit: Cash $103,000,000
Explanation:
The bonds were retired at 103. Therefore they have been paid $100 million x 1.03 = $103 million to retire the bonds.
$103 million would be credit to cash.
Other journal entries include:
Debit to Bonds payable of $100 million.
Credit to Discount on bonds payable of $1,200,000.
So you have a credit of $103 million a credit of $1,200,000 and a debit of $100 million. To make debits equal credits, you need a debit of $4,200,000. And this would be a loss on bond retirement.
60.org, an organization working toward curbing climate change, recently conducted an interview with Jessica for the position of a public relations officer. However, the interviewers Brenda and Laura are divided over whether Jessica should be given the job. Brenda believes that Jessica does not have in-depth knowledge about the issue of global warming and its impact. On the other hand, Laura feels that Jessica would be perfect for the job because she has strong networking and interpersonal skills. Which of the following, if true, would strengthen Laura's argument?
A) Gaining the support of corporate giants would comprise a large part of the job.
B) Jessica will need to prepare extensive reports about the issue of climate change.
C) The role will require Jessica to give presentations to environmental experts on renewable modes of energy.
D) Jessica had negligible experience in research and development.
E) Jessica has weak analytical skills to solve problems associated with implementing options of renewable energy.
Answers
Answer:
A. Gaining the support of corporate giants would comprise a large part of the job
Explanation:
With Jessica's strong networking and interpersonal skills, she would be able to gain the support of corporate giants
The modern day marching band traces its origin directly to what country’s military bands?
Answers
Final answer:
The modern day marching band has its roots in European military bands, with contributions from French and British influences, and was further developed by iconic composers like John Philip Sousa during World War I.
Explanation:
The modern day marching band traces its origins back to military bands, with a significant development attributed to European military ensembles, particularly from France and Great Britain. For instance, the depiction of an older man leading a musical group with a staff as described in Figure 8.2.40 seems to allude to ancient ceremonial practices which influenced later military and religious processions. Notably, the structure of military bands and their role in maintaining morale was prominent during the vast mobilizations and reforms of the U.S. Army in World War I, as in the case of the 'Harlem Hellfighters' and the use of popular patriotic songs composed by figures such as John Philip Sousa, who specialized in marches for military bands and whose piece 'Stars and Stripes Forever' became among America's most beloved patriotic anthems. During this era, bands not only entertained troops but also played a key role in military ceremonies and parades, capturing the spirit of the time and building a sense of identity and unity, as seen in Figure: American, British, and Japanese Troops parading through Vladivostok.
_____________ include resellers, physical distribution firms, marketing servicesagencies, and financial intermediaries.
a. Marketing intermediaries
b. Competitor networks
c. Suppliers
d. Service representatives
Answers
Answer:
a. Marketing intermediaries
Explanation:
Marketing intermediaries are independent firms that assist in the flow of goods and services from producers to end-users; they include agents, wholesalers and retailers; marketing services agencies; physical distribution companies; and financial institutions. Also referred to as Middlemen
Which of the following directly influences an employee's voluntary behavior and performance?
A.Role perceptions
B. Moral intensity
C. Corporate social responsibility
D. Uncertainty avoidance
E. Income
Answers
Answer:
Letter A. Role perceptions.
Explanation:
Role perception is the main factor that impacts an employee's behavior and voluntary performance, as individual perceptions are responsible for determining a person's set of actions and behaviors in a given situation. It is influenced by the set of values, experiences, emotional and social interaction with society.
Therefore, the perception of their role in the organization will directly influence their performance. Ideally, it should be determined with ethical and normative bases that benefit the employee and help in self-motivation and self-accomplishment of the work.
Only the short-run Phillips curve is downward sloping because: a in the long run, prices adjust, eliminating the relationship between inflation and unemployment. b central banks only have influence over the economy in the long run. c central banks have no influence over the economy in the short run. d in the long run, prices are sticky, eliminating the relationship between inflation and unemployment. e long-run effects of monetary policy are negated by fiscal policy.
Answers
Answer:
a in the long run, prices adjust, eliminating the relationship between inflation and unemployment
Explanation:
Philip's curve states that there is an inverse relationship between inflation and unemployment in the short run. However, in the long run, workers and consumers adapt to the new environment.
Sodium Inc. borrowed $280,000 on April 1. The note requires interest at 12% and principal to be paid in one year.
How much interest is recognized for the period from April 1 to December 31?
a. $0.
b. $33,600.
c. $8,400.
d. $25,200.
Answers
Answer:
option (d) $25,200
Explanation:
Data provided in the question:
Amount borrowed = $280,000
Annual interest rate = 12% = 0.12
Interest period = April 1 to December 31 i.e 9 months
or
= 9 ÷ 12 = 0.75 year
Therefore,
Interest for the period from April 1 to December 31
= Amount borrowed × Interest rate × Time period
= $280,000 × 0.12 × 0.75
= $25,200
Hence,
The answer is option (d) $25,200
True/False
Kylie is employed by Street Wheels, a large corporation that produces accessories for scooters, bicycles, and other children's vehicles. She is a creative force within the company and has helped create and launch several new successful products. Kylie is an example of an intrapreneur.
Answers
Answer:
True
Explanation:
An intrapreneur is a worker in charge of developing an innovative idea or project within a company. The intrapreneur may not face major risks or may not receive an entrepreneur's major rewards. However, an intrapreneur can access the resources and capabilities of an established company. An intrapreneur works within a company to develop an innovative project or project that will increase the future of the company. The intrapreneur is usually given autonomy to work on a project that can have a significant impact on the company. Over time, an intrapreneur can become an entrepreneur.
Kylie is an example of an intrapreneur because she is a creative force within the company and has helped create and launch successful products.
Explanation:True. Kylie, being a creative force within the company and helping create and launch successful products, is an example of an intrapreneur. An intrapreneur is an employee who thinks and acts like an entrepreneur within a company, taking initiative, generating new ideas, and contributing to the company's growth and innovation.
A partnership has the following account balances: Cash $50,000; Other Assets $600,000; Liabilities $240,000; Nixon, Capital (50 percent of profits and losses) $200,000; Hoover, Capital (20 percent) $120,000; and Polk, Capital (30 percent) $90,000. Each of the following questions should be viewed as an independent situation: Grant invests $80,000 in the partnership for an 18 percent capital interest. Goodwill is to be recognized. What are the capital accounts thereafter? Grant invests $100,000 in the partnership to get a 20 percent capital balance. Goodwill is not to be recorded. What are the capital accounts thereafter?
Answers
Answer:
a) Nixon 200,000
Hoover 120,000
Polk 90,000
Grant 90,000
500,000
b)
Nixon $ 195,000.00
Polk $ 117,000.00
Hoover $ 88,000.00
Grant $ 100,000.00
$ 500,000.00
Explanation:
Nixon Capital 200,000
Hoover Capital 120,000
Polk Capital 90,000
If grants invest for 80,000 and get 18% then:
80,000 / 0.18 = 444,444 value of the company
200,000 + 120,000 + 90,000 + 80,000 = 490,000 capital after
As the value of the company is lower the new partner is providing goodwill to the company that's why there is a goodwill to be recognized.
Grant investemnt = 18% ( original capital + contribution + goodwill)
80,000 + goodwill = 0.18(410,000 + 80,000 + goodwill)
goodwill - 0.18 goodwill = 88,200 - 80,000
goodwill = 8,200 / (1 - 0.18) = 10,000
Grant investment: 80,000 cash + 10,000 goodwill
If invest 100,000 and no goodwill:
100,000 / 0.20 = 500,000
then new capital:
410,000 + 100,000 = 510,000
Difference: 10,000
As no goodwill is recognized the assets weere overvalued and we must recognize a loss:
10,000 x 50% = 5,000 Nixon
x 30% = 3,000 Polk
x 20% = 2,000 Hoover
In the first situation, the capital accounts would be Nixon Capital ($200,000), Hoover Capital ($120,000), Polk Capital ($90,000), and Grant's Capital ($73,800). In the second situation, the capital accounts would be Nixon Capital ($200,000), Hoover Capital ($120,000), Polk Capital ($90,000), and Grant's Capital ($100,000).
Explanation:In the first situation, Grant invests $80,000 in the partnership for an 18 percent capital interest. To calculate the capital accounts thereafter, we first need to determine the total capital balance before Grant's investment. The total capital balance is obtained by summing up the capital accounts of all partners: Nixon Capital ($200,000) + Hoover Capital ($120,000) + Polk Capital ($90,000) = $410,000. Grant's capital interest based on his $80,000 investment would be 18% of $410,000. The capital accounts thereafter would be: Nixon Capital ($200,000) + Hoover Capital ($120,000) + Polk Capital ($90,000) + Grant's Capital ($73,800).
In the second situation, Grant invests $100,000 in the partnership for a 20 percent capital balance. Since goodwill is not recorded, we can directly allocate the $100,000 investment to Grant's capital account. The capital accounts thereafter would be: Nixon Capital ($200,000) + Hoover Capital ($120,000) + Polk Capital ($90,000) + Grant's Capital ($100,000).
Learn more about Capital accounts in a partnership here:https://brainly.com/question/38009738
#SPJ11
Marsh Co. had 2,400,000 shares of common stock outstanding on January 1 and December 31, 2013. In connection with the acquisition of a subsidiary company in June 2012, Marsh is required to issue 100,000 additional shares of its common stock on July 1, 2014, to the former owners of the subsidiary. Marsh paid $300,000 in preferred stock dividends in 2013, and reported net income of $5,100,000 for the year. Marsh's diluted earnings per share for 2013 should be
Answers
Answer:
Diluted EPS= $1.92
Explanation:
Diluted Earnings Per Share
Diluted Earning Per Shares is a measure of analysis used to determine the the quality of a company's Earnings Per Share after all convertible securities including warrants and outstanding convertible preferrence shares among others have been exercised.
Earning Per Shares on the Other hand measurs a company's profit per share without any recourse to convertible securities outstanding
The forumla for diluted Earnings Per Share
(Net Income- Dividend on Preference Stock)÷ (Outstanding Shares+ Diluted Shares)
The Net Income for the Year=$5,100,000
Dividend on Pref. Stock=$300,000 (Paid by Marsh in 2013)
Outstanding Shares=2,400,000 Common Stock
Diluted Shares= 100,000 additional shares to be issued on July 1, 2014
The Diluted EPS= (5,100,000-300,000)÷ (2,400,000+ 100,000)
=4,800,000÷ 2,500,000
=1.92
The "specifications" of a standardized futures contract describe the commodity or other asset covered by the contract and the amount of such commodity or asset to be delivered by the seller at expiration. The specifications can always be found at:___________.
Answers
Answer: The specifications of future contracts can always be found on the website where the offer is made or in trading pits
Explanation: Futures contracts will always have their specifications as to the amount that must be offered, expiration date of the contracts, minimum quantities that can be purchased and other elements that can help us verify or work on these contracts.
The elements that make this type of contract generally mark a trend in which you can easily buy and sell for this type of contracts, becoming more liquid than bonds and other financial obligations.
The specifications of a standardized futures contract are found at the exchange where it is traded, detailing commodity or asset quality and quantity. Business contracts with inflation adjustments benefit buyers and sellers by setting a real price that considers inflation, making financial expectations more predictable.
Explanation:The specifications of a standardized futures contract can always be found at the exchange where the contract is traded. These specifications detail the commodity or asset, the quality and quantity of the asset to be delivered, payment terms, and the delivery date. For instance, a futures contract for oil would specify the type of oil, how many barrels would be delivered, and the location of delivery.
Regarding business contracts with provisions for inflation adjustments, these often include clauses that protect both buyers and sellers from unexpected fluctuations in inflation. Sellers are not tied to a low nominal price in times of high inflation, thus ensuring they don't lose purchasing power over time. Conversely, buyers are not stuck with a high buying price if inflation is lower than expected, allowing them to benefit from a lower real cost.
Such contracts aim to establish a real price that accounts for inflation over the life of the contract, which is beneficial for both parties. By agreeing on a real price, both the seller and the buyer can have predictable financial expectations despite the uncertain future path of inflation.