In a question related to approval of President George W. Bush's plan to save social security, the interviewer asks, "Don't you agree that something must be done to save social security?" This question suffers from _____.

A. Sensitive information
B. Double-barreled question
C. Biased wording
D. Frame of reference
E. Recall and memory decay

Answer:

$8,929.88

Explanation:

The computation of the future value is shown below:

Future value = Present value × (1 + interest rate)^number of years

where,

Present value = $2,328

Rate = 13%

Number of years = 11

So, the future value

= $2,328× (1 + 0.13%)^11

= $2,328 × 3.8358611506

= $8,929.88

Simply we use the above formula to determine the future value

Answer:

cash                  472,088   debit

discount on BP    27,912  debit

   bonds payable         500,000 credit

--to record issuance--

interest expense 28325.29

discount on BP 3325.29

cash              25000

--to record first interest payment

interest expense  19,016.53

discount on BP 2,349.86

interest payable   16,666.67

--to record accrued interest Dec 31th--

Titania:

Cash   532,316.06

  Bonds payable    500,000

  Premium on BP     32,316.06

--to record issuance--

interest expense 26615.8

Premium on BP        3384.2

cash                     30000

--first interest payment--

interest expense 4,407.77

Premium on BP        592.23

interest payable     5,000

--to record accrued interest Dec 31th--

Explanation:

Present value at market rate:

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 25,000.000

time 7

rate 0.06

[tex]25000 \times \frac{1-(1+0.06)^{-7} }{0.06} = PV\\[/tex]

PV $139,559.5360

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity   500,000.00

time   7.00

rate  0.06

[tex]\frac{500000}{(1 + 0.06)^{7} } = PV[/tex]  

PV   332,528.56

PV c $139,559.5360

PV m  $332,528.5568

Total $472,088.0928

then, we solve for the first interest payment

carrying value x market rate

472,088.09 x 0.06 = 28325.29

we compare with the cash outlay and solve for the amortization

28,325.29 - 25,000 = 3,325.29

At year-end we also solve for the accrued interest

(472,088.09 + 3,325.29) x 0.06 x 4/6 = 19,016.53

accured payable:

500,000 x 5% x 4/6 = 16,666.67

amortization 19,016.53 - 16,666.67 = 2,349.86

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 30,000.000

time 8

rate 0.05

[tex]30000 \times \frac{1-(1+0.05)^{-8} }{0.05} = PV\\[/tex]

PV $193,896.3828

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity   500,000.00

time   8.00

rate  0.05

[tex]\frac{500000}{(1 + 0.05)^{8} } = PV[/tex]  

PV   338,419.68

PV c $193,896.3828

PV m  $338,419.6810

Total $532,316.0638

interest first payment:

532,316.06 x 0.05 = 26615.8

then, compare wit hteh cash outlay of 30,000

30,000 - 26,615.8 = 3384.2

accrued interest:

(532,316.06 - 3,384.2) X 0.05 x 1/6 = 4,407.77

payable 30,000 x 1/6 = 5,000

amoritzation 5000 - 4,407.77 = 592.23

Answer:

A. $95,000

Explanation:

60,000 will be property taxes for an entire year

we just need to calcualte expense from July to September thus:

60,000 x 3 months / 12 months =  15,000

The repairs are also distributed among the periods to not put the entire weight in a month or quarter:

240,000 x 3 / 9 months outstanding   =  80,000

total amount of expenses for the period July - September:

15,000 property tax expense+ 80,000 repair expense= 95,000

Final answer:

Tree Co. should include $15,000 for property tax and $60,000 for major repairs in its third-quarter interim financial statements, totaling $75,000 (Option B).

Explanation:

To determine the expenses Tree Co. should include in its third-quarter interim financial statements, we need to allocate the proper amounts of the paid property taxes and the repairs to the factory equipment over the relevant periods.

Property Tax Allocation: The annual property tax paid was $60,000. Since this is for the current calendar year, it should be allocated equally across all four quarters. Therefore, for one quarter, the expense would be $60,000 divided by 4, which equals $15,000.

Repairs Expense Allocation: The major repairs costing $240,000 are expected to benefit the operations for the remainder of the calendar year. Since these repairs were made on April 2 and are to benefit for the 9 remaining months, we would take $240,000 and divide it by the 12-month calendar period to determine the monthly rate, then multiply by the number of months in Q3 (July, August, and September). This calculation gives us a quarterly allocation of repairs expense of $60,000.

The total amount of both expenses to be included in the third-quarter interim financial statements is $15,000 for property taxes + $60,000 for repairs, which yields $75,000.

Thus, the correct answer to include in the third-quarter interim financial statements is Option B: $75,000.

Janice Yellen believes the inflation rate to be 4.3% next year. This is found by subtracting the real return (8%) from the total return (12.3%) using the basic economics formula for calculating inflation.

To calculate the inflation rate that Janice Yellen is predicting, we need to understand how real return is associated with total return and inflation rate. The formula to calculate inflation based on real return and total return (also known as nominal return) is:

inflation rate = total return - real return

Given that the total return is 12.3%, and the real return is 8%, the equation should look like this:

inflation rate = 12.3% - 8% = 4.3%

Therefore, Janice Yellen believes that the inflation rate over the next year will be 4.3%.

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Answer:

The correct answer is letter "B": a company that offers copycat products at low cost but an average quality compared to rivals.

Explanation:

As the consumer is focused both on the quality of the product and price, the best value proposition for the product that is likely to purchase must be the result of the combination of those two factors. Then, if a company offers an average quality product at a lower cost, is highly possible to obtain the consumer's preference.

Answer:

O True

Explanation:

Amortization is the gradual reduction in a value or balance of anything over a specified period. Evenly over life amortization of loan is the distribution of outstanding amount over remaining life / period. in this example $20,000 is amortized over 60 months which is 20,000 / 60 = $333.33 per month. So the statement is True.

The statement is False. The remaining balance on an amortized loan is not paid down evenly over the life of the loan.

An amortized loan is structured so that the borrower makes regular, equal payments over the life of the loan. However, the composition of each payment changes over time. Early in the loan term, a larger portion of each payment goes towards interest, and a smaller portion goes towards the principal. As the loan progresses, the portion of each payment that goes towards the principal increases, while the portion that goes towards interest decreases.

Amortization schedules show this shift in payment composition over time.For example, in the first month of a $20,000 loan with a fixed rate, a significant part of the payment will be interest.Only a small portion will reduce the principal.By the end of the loan term, most of the payment will be reducing the principal, and very little will be going towards interest.

Thus, the loan balance is not reduced evenly (e.g., 20,000/60 per month for a 60-month loan) but varies with each payment due to the changing interest and principal components.

Final answer:

Martha, as a project manager at a bank, can best cope with changes in external factors by utilizing project environment knowledge, which helps her understand the context and align the tactical goals of the project accordingly.

Explanation:

Martha works as a project manager at a bank and needs to alter the tactical goals of her project due to changes in external factors. Among the provided options, Project environment knowledge will best help Martha cope with the change. This knowledge will enable her to understand the external factors influencing the project's environment and to adjust the tactical goals accordingly. While negotiation, motivation, and soft skills are important, they are secondary to understanding the context in which the changes are occurring. This knowledge aids in making informed decisions that ensure the project aligns with the new circumstances, facilitating its successful completion.

For instance, in the business environment, a change in regulatory requirements by financial authorities could necessitate adjustments in project goals. With her project environment knowledge, Martha could reassess and realign the project goals to comply with the new regulations while keeping the project on track to achieve its strategic objectives. Her understanding of the project's environmental context enables her to be responsive and strategic in her approach to managing external changes.

Project environment knowledge is crucial for Martha to cope with changes effectively by understanding project dynamics and making informed decisions.

In a scenario where external factors necessitate alterations to the tactical goals of her project, having a strong understanding of the project environment is crucial for Martha to cope with the change effectively. Project environment knowledge involves understanding various factors such as stakeholders, resources, constraints, and market conditions that influence the project's dynamics. With a deep understanding of the project environment, Martha can anticipate potential challenges, identify opportunities, and make informed decisions about adjusting tactical goals to align with the changing circumstances. This knowledge enables her to navigate complexities, mitigate risks, and leverage available resources efficiently. While negotiation, motivation, and soft skills are important, project environment knowledge serves as the foundation for effective adaptation and decision-making in dynamic situations.

Answer:

The concept of debt limit explains the restrictive power of legislative to impose a limit on the amount of debt an executive can borrow for the state. Debt limit is the authorized maximum amount of debt that government can borrow as legally specified by the legislative. The debt limit is usually expressed as a percentage of nation`s GDP.  

The major reason why debt limit is put in place to make sure that government does not place uneconomical future debt burden on the citizens.

For relationship between debt limit and debt margin, the borrowing power of government is measured through the comparison of debt limit with debt margin. Debt margin shows the difference between the debt limit and amount that the government has actual debt.  

For example, a government has a debt limit of 25% of its GDP and actual debt of 18% of its GDP. The difference between the two percentages of debt shows the debt margin.

So debt margin serves as a gauging tool for borrowing within the debt limit.

Explanation:

A debt limit is a legislative cap on the amount of money a government can borrow to avoid excessive debt, which, if too high, can reduce financial capital for the private sector and lead to economic issues. The borrowing power or debt margin is the remaining capacity for additional debt a government has before reaching its debt ceiling.

Understanding Debt Limits

A debt limit is a cap set by legislation that limits the amount of money a government is authorized to borrow. This limit is in place to prevent governments from accumulating an unsustainable level of debt that could lead to economic instability or financial crises. When a government spends more than it collects in taxes, it incurs a budget deficit and must borrow to finance this deficit, typically by issuing government bonds. There is a practical limit to this borrowing because households and investors may be unwilling to lend unlimited amounts, especially if they fear the government may not be able to repay the debt.

The borrowing power or debt margin refers to the difference between the current level of a government's debt and its statutory debt limit. This concept is closely connected to debt limits because it reflects the amount of additional borrowing a government can undertake before reaching its debt ceiling. Effective management of the debt margin is crucial to maintain fiscal responsibility, prevent crowding out private sector borrowing, and avoid negative economic consequences such as trade imbalances and increased interest rates.

It is important to consider that while a government can borrow to finance deficits, over time, total government spending must align with revenue to maintain fiscal sustainability. High levels of long-run government debt can limit future government actions and be difficult to pay down due to the challenges in making the necessary fiscal policy adjustments.

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

You decided to invest ​$4,500 at the end of each year earning 6 percent compounded annually.

We need to use the following formula to calculate the final value of the investment:

FV= PV*(1+i)^n

A) n= 30 years

FV= 4,500*(1+0.06)^30= $25,845.71

B) The investment is made for 20 years.

FV= 4,500*1.06^20= $14,432.11

The future value of the investment after contributing $4,500 annually at an interest rate of 6% compounded annually for 30 years is $391,284.69. If you wait 10 years before starting to save and only make 20 payments, the future value of the investment would be $131,199.17.

To calculate the future value of the investment, we can use the formula for the future value of an ordinary annuity:

FV = PMT x ((1 + r)^n - 1) / r

Using this formula, we can calculate the future value of the investment to be $391,284.69 after 30 years of contributing $4,500 annually at an interest rate of 6% compounded annually.

If you wait 10 years before starting to save and only make 20 payments, you can calculate the future value using the same formula:

FV = PMT x ((1 + r)^n - 1) / r

Using this formula, the future value of the investment would be $131,199.17 after 20 years of contributing $4,500 annually at an interest rate of 6% compounded annually.

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Answer:

The value of the island as of 2012=$3,624,771,902

Explanation:

To determine the future value of the 1626 investment, use the expression below;

F.V=P.V(1+r)^n

where;

F.V=future value of investments

P.V=present value of the investment

r=annual interest rate

n=number of years

In our case;

F.V=unknown

P.V=$24

r=5%=5/100=0.05

n=386 years

Replacing;

F.V=24(1+0.05)^386

F.V=24(1.05)^386

F.V=$3,624,771,902

The value of the island as of 2012=$3,624,771,902

Final answer:

The value of $24 invested at a 5% annual interest rate over 386 years is approximately $3,569,590.55.

Explanation:

To find the future value of $24 invested at a 5% annual interest rate over 386 years, we can use the formula for compound interest:

Future Value (FV) = Present Value (PV) * (1 + interest rate)^number of periods

Given that PV = $24, interest rate = 5% = 0.05, and number of periods = 386, we can substitute these values into the formula:

FV = $24 * (1 + 0.05)³⁸⁶

Calculating this equation, we find that the value of $24 as of 2012 is approximately $3,569,590.55.

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $14,200

          To Gain on land A/c $2,840

          To Land $11,360

(Being the land is sold)

2. Cash A/c Dr $18,900

            To Common stock A/c $18,900

(Being the common stock is issued for cash)

3. Depreciation Expense A/c Dr $15,730

             To Accumulated Depreciation - Buildings A/c $15,730

(Being depreciation expense is recorded)

4. Salaries expense A/c Dr $8,080

                 To Cash A/c $8,080

(Being the salaries expense is paid for cash)

5. Equipment A/c Dr $8,420

              To Common stock A/c $1,170

              To Additional paid-in capital in excess of par value A/c $7,250

(Being the equipment is purchased)

6. Cash A/c Dr $1,236

Accumulated depreciation - Equipment A/c Dr $7,210

Loss on sale of equipment A/c Dr $1,854

                   To Equipment A/c $10,300

(Being the equipment is sold)

I believe it would be emotional intelligence

The measure of Leadership is Emotional intelligence, it is the ability to understand and manage one's own emotions, as well as the emotions of others.

The more meaningful measure of leadership effectiveness is emotional intelligence. Leaders who have a high level of emotional intelligence are better equipped to communicate effectively with their team members, manage conflicts, and build strong relationships based on trust and mutual respect. They are also more likely to be adaptable, resilient, and able to handle stress and pressure, which are essential qualities for effective leadership.

Therefore, the correct answer is Emotional intelligence.

Learn more about leadership here,

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Answer:

The correct answer is: Customer-facing processes.

Explanation:

The customer-facing process is the type of business in which a vendor is in charge of not only for the sale but also for all the steps involved in delivering the product sold to the buyer. Customer-facing processes are considered part of Customer Relationship Management (CRM) and aim to increase the satisfaction of consumers.

Final answer:

The processes of order processing, customer service processing, sales processing, customer billing processing, and order shipping processing are key business processes in sales and customer service. They are essential components of the supply chain and must be carefully managed and analyzed for efficiency and variation control.

Explanation:

Business Processes in Sales and Customer Service

The type of process that includes order processing, customer service processing, sales processing, customer billing processing, and order shipping processing is commonly known as a business process, specifically in the realms of sales and customer service. These processes are integral to the supply chain and the operations of a company.

Many processing variations exist or are envisioned, and these processes mentioned are typical rather than specific. They can be broken into three main parts that may overlap and often need to happen simultaneously, so planning tasks accordingly is critical.

Process & Process Improvement involves collecting inputs, performing value-added activities to create an output, and regularly reviewing the effectiveness of these processes. A process analysis is crucial as it studies each aspect of a process to ascertain if all parts and steps work cohesively to produce the desired outcome.

Variation is a natural part of any business process, and quality techniques are used by companies to study the variation present in their processes. Identifying the source of variation allows for the production of a more consistently high-quality product or service.

Answer:

True

Explanation:

The Fair Credit Reporting Act of 1970 (FCRA) was enacted as a legislation by the U.S. Federal Government to ensure accuracy, fairness, and privacy of consumer information which consumer reporting agencies have in their files. The aim is to ensure that inaccurate information are not intentionally and/or negligently included in the credit report of consumer reporting agencies.

Although, initially when FRCA was passed in 1970, customers does not have the option of preventing sharing of information about them. However, when FCRA was amended in 1996, it allows companies to share among their affiliates different data collected on their customers subject to the provision that customers are allowed to prevent the sharing of the information.

Therefore, under the Fair Credit Reporting Act of 1970 (FCRA), consumers can stop financial institutions from sharing their credit report or credit applications with affiliates.

I wish you the best.

Answer:

The correct word for the blank space is: automated; high value to customers.

Explanation:

Most online operations nowadays are automated which implies not having an employee behind a computer to satisfy customers' needs since they are too basic that can be all processed with the use of a server. However, the automation does not imply consumers undervalue the help obtained. Otherwise, the automation helps the process be faster which ends up representing high value for most customers.

Answer:

Total Assets = $280,500

Total liabilities = $125,000

Total Stockholders' Equity = $155,500

Explanation:

GERONIMO COMPANY

BALANCE SHEET

AS OF JULY 31, 2014

Assets

Current Assets:

Cash $60,000 (Note: 1)

Accounts Receivables $38,700 (Note: 2)

Less:

allowance for doubtful accounts ($3,500)

Net Accounts receivables $35,200

Inventories $65,300 (Note: 3)

Total Current Assets = $160,500

Long-term Investment

Bond sinking fund $15,000 (Adjustment - 1)

Property, plant, and equipment:

Equipment $112,000 (Additional Info-4)

Less: Accumulated Depreciation $28,000

Book Value, Equipment $84,000

Intangible Assets:

Patent $21,000

Total Assets = $280,500

Liabilities and Stockholders' Equity

Current Liabilities:

Notes and Accounts payable $44,000

Taxes payable $6,000 (Additional Information - 5)

Total current liabilities = $50,000

Long-term liabilities $75,000

Total liabilities $125,000

Stockholders' Equity:

Common Stock $155,500

Total liabilities and stockholders' Equity $280,500

Notes:

1. Cash $69,000

Less: Bond Sinking fund ($15,000)

Add: Income Tax offset 6,000

Total Cash at the end of the period $60,000

2. Accounts Receivable $44,000

Less: Inventory consigned recongnized as receivables $(5,300)

Net Accounts receivable = $38,700

3. Inventory =$60,000

Add: Consinged Inventory $5,300

Net Inventory = $65,300

To prepare the corrected balance sheet, adjustments need to be made for the additional information provided. This includes adding cash in petty cash and bond sinking fund, subtracting allowance for doubtful accounts from accounts receivable, excluding consigned inventory, subtracting accumulated depreciation from equipment cost, and offsetting income taxes payable.

To prepare the corrected balance sheet, we need to make adjustments for the additional information provided.

After making these adjustments, the corrected classified balance sheet will show the updated balances for each asset, liability, and equity account.

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Answer:

(a) It is true that details of revenues ,cost of goods sold and expenses ought to be in the balance statement, but was not always so ,. In the past only net income was recorded but .Accounting Principles has evolved over the years.

(b) Notes payable should be recorded as liability(because it is a form of cash Outflow) and equipments are assets. Offsetting is can be used when some assets are used to pay off liabilities.

(c) According to General Accepted Accounting Principles, the inventory amounts are stated and the method used in determining cost (LIFO, FIFO, average cost, etc.) should also be stated. Methods used in determining cost should be emphasized and alternatives should be made known as well.

(d)In accounting principles, changes in financial statements should be made known. Contrariwise, this will lead to a false financial statement. Financial statements ought to be compared with that of previous years to substantiate its usefulness.

Explanation:

The company decided that, for the sake of conciseness, only net income should be reported on the income statement. Details as to revenues, cost of goods sold, and expenses were omitted

(a) It is true that details of revenues ,cost of goods sold and expenses ought to be in the balance statement, but was not always so ,. In the past only net income was recorded but .Accounting Principles has evolved over the years.

b. Equipment purchases of $170,000 were partly financed during the year through the issuance of a $110,000 notes payable. The company offset the equipment against the notes payable and reported plant assets at $60,000.

(b) Notes payable should be recorded as liability(because it is a form of cash Outflow) and equipments are assets. Offsetting is can be used when some assets are used to pay off liabilities.

c. Weller has reported its ending inventory at $2,100,000 in the financial statements. No other information related to inventories is presented in the financial statements and related notes.

(c) According to General Accepted Accounting Principles, the inventory amounts are stated and the method used in determining cost (LIFO, FIFO, average cost, etc.) should also be stated. Methods used in determining cost should be emphasized and alternatives should be made known as well.

d. The company changed its method of valuing inventories from weighted-average to FIFO. No mention of this change was made in the financial statements.

(d)In accounting principles, changes in financial statements should be made known. Contrariwise, this will lead to a false financial statement. Financial statements ought to be compared with that of previous years to substantiate its usefulness.

Answer:

The answer is B. Balance sheet and income statement

Explanation:

Merchandise is an inventory. It is bought and sold.

We can get the total cost of merchandise that were sold and remained in income statement.

In income statement, this can be gotten from cost of sales(cost of goods sold). This tells us the total amount of goods that were sold and the closing/ending inventory tells us the total cost of merchandise remaining.

And in the balance sheet, we can get it under current asset. The balance of inventory tells us how much of merchandise remaining at a period.

Final answer:

The total costs of unsold merchandise is found on the balance sheet under inventory, while the total costs of merchandise sold are on the income statement under cost of goods sold (COGS). The correct financial statements to refer to are the balance sheet and the income statement. Option B is correct.

Explanation:

To find the total costs of merchandise that remains and the total that has been sold, you would look at the balance sheet and the income statement. The balance sheet provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. The merchandise inventory, which represents the total costs of merchandise that remains unsold, is an asset and can be found on the balance sheet.

On the other hand, the income statement summarizes the company's revenues and expenses over a period, typically a year. The cost of goods sold (COGS), which includes the total costs of merchandise that has been sold during that period, appears on the income statement. Thus, the correct option from the provided selection is B: Balance sheet and income statement.

Answer:

the higher price elasticity of demand

Explanation:

A monopoly is when there is only one firm operating in an industry.

Price discrimination is when a producer sells the same good for different prices in different markets.

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is elastic when a change in price has greater effect on the quantity demanded.

A monopoly would charge the lower price for customers with a higher elasticity of demand because if price is high consumers would reduce the quantity demanded and the revenue of the monopoly firm would fall.

I hope my answer helps you.

Answer:

The correct answer is letter "A": the higher price elasticity of demand.

Explanation:

Elasticity is a measure of the reaction of a variable to fluctuations in another variable. It can describe to what degree a product or service's supply or demand, varies with the price of the goods or consumer income. Elasticity is calculated by dividing the percentage change in quantity demanded with the percentage change in price.

Thus, while allocating prices, a company should provide a lower price to a sector with high elasticity because that part of the market is prone to make big demand changes if the price varies abruptly.

Answer:

a. 50,000 units

Explanation:

Breakeven point is the units  required to be sold for the total cost to be equivalent to the sales. As such, break even is the point where profit/loss is nil.

Given information about product A;

Fixed cost = $500,000

variable cost per unit = $25

Selling price per unit = $35

Breakeven in units = fixed cost/(selling price per unit - variable cost per unit)

= 500,000/(35 - 25)

= 50,000 units

Final answer:

The break-even volume for Process A, where the selling price is $35.00 per unit, the fixed cost is $500,000, and the variable cost per unit is $25.00, is 50,000 units. Option a is correct.

Explanation:

The question relates to break-even analysis, which is a concept in cost accounting used to determine the number of units a company must sell at a given price to cover all its costs. To find the break-even volume for Process A, you will need to calculate the point where total revenue equals total costs, which is when the profit is zero. Using the formula:

Break-even Volume = Fixed Costs / (Selling Price per Unit - Variable Cost per Unit)

For Process A, the break-even volume calculation would be:

$500,000 / ($35 - $25) = 50,000 units

So the break-even volume for Process A is 50,000 units.

So, option a is correct.

Answer:

Straight-Line

Depreciation   MACRS

Depreciati

Year 1   $ 10,000       $ 20,000  

Year 2     20,000         32,000  

Year 3     20,000         19,200  

Year 4     20,000         11,520  

Year 5     20,000         11,520  

Year 6     10,000         5,760  

Totals   $ 100,000       $ 100,000  

Compute the net present value of the investment if MACRS depreciation is used. Use 10% as the discount rate.

Net income after tax  depreciation   Net Cas flow

(1)                                                   (2)           (3)=(1)+(2)

$ 100,000

                                                $100,000

$32,240.00    $20,000.00       $52,240.00

$24,800.00    $32,000.00   $56,800.00

$32,736.00    $19,200.00   $51,936.00

$37,497.00    $11,520.00   $49,017.60

$37,497.00    $11,520.00   $49,017.60

$41,068.00    $5,760.00        $49,017.60

Compute the net present value:

Year  Net cas flow  PVF@20%         Present Value

  (1)    (2)                    (3)=(1)x(2)

0   $100,000.00  1     $100,000

1   $52,240.00  0.909    $47,486.16

2   $56,800.00  0.826    46,916.80

3   $51,936.00  0.751    $39,003.94

4   $49,017.60  0.683    $33,479.02

5   $49,017.60  0.621    $30,439.33

6   $46,828.80  0.564    $26,411.44

                NPV            $123,739.29

Explanation:

Answer:

Journal entry on February 1:

Debit Prepaid Insurance $729,600

Credit Cash $729,600

Annual adjusting entry on June 30:

Debit Insurance Expense $152,000

Credits Prepaid Insurance $152,000

Explanation:

On February 1, Procter & Gamble (P&G) paid $729,600 in advance for 2 years’ insurance coverage. The company records the insurance as the prepaid Insurance:

Debit Prepaid Insurance $729,600

Credit Cash $729,600

On Jun 30, the last day of the following 5 months, the company records an adjusting entry that Credits Prepaid Insurance for $152,000 ($729,600 divided by 24 months times the 5 months that will be prepaid as of Jun 30) and Debits Insurance Expense for $152,000

Debit Insurance Expense $152,000

Credits Prepaid Insurance $152,000

The journal entries for P&G’s prepaid insurance and subsequent adjustment are explained. On February 1, P&G debits Prepaid Insurance and credits Cash for $729,600. On June 30, P&G makes an adjusting entry by debiting Insurance Expense and crediting Prepaid Insurance for $152,000, representing the portion of the prepaid insurance used in 5 months.

The subject of the question refers to accounting, specifically how to record prepaid insurance and adjusting entries for insurance expense. In this case, Procter & Gamble (P&G) has made a prepayment for 2 years’ worth of insurance coverage, and we need to provide the journal entries for these transactions.

On February 1, the journal entry would be as follows: Debit Prepaid Insurance $729,600; Credit Cash $729,600. This entry reflects P&G paying upfront for the insurance coverage. Prepaid Insurance is an account where the expense has been paid but not yet used, and Cash is decreased as the payment has been made.

Then, on June 30, P&G has to make an adjusting entry to account for the portion of the prepaid insurance that has been used. Given that 5 months have passed from February to June, we need to calculate the amount of insurance expense for these 5 months. Considering that the total amount paid was for 24 months (2 years), we can calculate: $729,600 / 24 = $30,400 per month, then $30,400 x 5 = $152,000. The annual adjusting entry then would be: Debit Insurance Expense $152,000; Credit Prepaid Insurance $152,000. This entry represents the insurance that has been 'used up' over the 5 months.

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Answer:

a. See attached file.

b. Debit Cash 18,300

Credit Common Stock 18,300

Debit Equipment $8,540

Credit cash $2,870

Credit Accounts payable $5,670

Debit Accounts receivable $20,000

Credit Revenue $20,000

Debit salaries expense $3,200

Credit cash $3,200

Debit accounts payable $3,030

Credit Cash $3,030

Debit Dividends $830

Credit cash $830

c.

Cash

Debit Credit

18,300 2,870

3,200

3,030

830

18,300 9,930

8,370 Ending balance

Equipment

Debit Credit

8,540

Accounts payable

Debit Credit

3,030 5,670

2,640 (ending balance)

Common Stock

Debit Credit

18,300

Revenue

Debit Credit

20,000

Expenses

Debit Credit

3,200

Dividends

Debit Credit

830

Explanation:

a.

1-Sep Issuance of common stock from investor will result to an inflow of cash through the cash invested, So have to recognize cash received and credit common stock

8-Sep Based on matching principle, revenue will be recognized on the date of transaction whether collected or not.

14-Sep Payment of expenses will result to deduction to cash and increase expense account.

30-Sep Dividends is a deduction to Retained earnings

Answer:

A.

C.

Explanation:

A.  Mortgage-backed securities.

C.  Declining property values.

The housing bubble caused the values of mortgaged properties to go down during the financial crisis of 2007-08. the banks thought ther were investing in safe securities since the loans were mortgaged against properties.

Answer:

The economy downturn.

Explanation:

An economic crisis is a factor that can lead companies to seek the internationalization of their activities, in order to find new opportunities in new markets.

One factor that influenced this point is the appreciation of the Dollar in underdeveloped economies, which is configured as a commercial policy to encourage the internationalization of American companies. With a strong currency, companies are able with less resources to settle in other locations with cheaper labor, government incentives and less bureaucratization to implement companies in these countries.

Explanation:

The adjusting entry is shown below:

On December 31,2018

Salaries and wages expense A/c Dr $3,250

          To Salaries and wages payable A/c $3,250

(Being the salaries and wages expense is recorded)

The computation is shown below:

= Per day wages × number of days

= $650 ×  5 days

= $3,250

The accrued salaries and wages are recorded for $3,250

Answer:

Cost advantage or product differentiation

Explanation:

The two ways to create competitive advantage is by:

1. Cost advantage: when are firm's cost of production is lower that other competitors, they will be able to sell goods at lower prices and still make profit. Other firms in the industry with higher costs will not be able to compete with the low price, as bringing their own prices down will result in loss.

2. Product differentiation: is when the products offered by a company is different from others in the market in such a way that it attracts more customers.

The purpose of value chain analysis is to find business operations where a company can add customer value and establish a competitive advantage through cost reduction or providing unique offerings. A prime example is Apple Inc.'s value chain.

The goal of value chain analysis is to discern business activities where an organization can add value for its customers and secure a competitive edge. This is accomplished either by reducing costs or by providing something unique that exceeds their direct and indirect costs. For instance, Apple Inc.'s value chain is exceptionally strong in the technology sector. They not only cut down costs by sourcing components from around the world but also provide a unique user experience, thus creating a strong competitive advantage.

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Answer:

Correct answer is b, there is no breach contract

Explanation:

There is no breach contract happened because what Friendly did is just a mere advertisement published in a news paper. What happened is that, Friendly notify the customers that they will be having a clearance sale for all the floor items that they had. Mere advertisement is not yet in the stage of contract to sell and the advertiser is not bound for any liability in case the product is not available at the time the customer decided to buy the product.

Answer:

The answer is B.The entrepreneur role.

Explanation:

Answer:

Directive PMO

Explanation:

A project management office(PMO) refers to creation of groups and departments within an organization so as to define standards and to ensure those standards are met.

In a directive form of project management office, it completely takes over projects and allots resources, and assigns project managers to projects.

In such a form of Project management office, the project managers are supposed to report to such directive offices.

In the given case, since Fran reports to such a PMO form which assumes control of the projects and manages the project, this is a directive form of project management.

Fran is part of a controlled PMO, which directly manages projects in an organization. This PMO type differs from others, such as supportive or controlling, in its degree of authority over projects. Effective project management involves comprehensive knowledge and skills across five process groups, as defined by PMI.

Based on the description provided, Fran operates within a controlled PMO, which is one type of Project Management Office (PMO) structure. In a controlled or directive PMO, the PMO maintains control over projects and manages them directly. This is in contrast to other types of PMOs such as supportive, where the PMO plays a consultative role, or controlling, where the PMO provides governance and enforces standards and processes without managing the projects themselves.

The Project Management Institute (PMI) defines project management as an endeavor that requires application of knowledge, skills, tools, and techniques across various activities to meet or exceed stakeholder needs and expectations. The PMBOK Guide, which is a well-known authoritative text, outlines the five process groups and nine knowledge areas integral for effective project management. These groups and areas collectively underpin the successful management of a project, ensuring all aspects are covered, including project integration management and project scope management.