Answer:
C. III only
Explanation:
Option III states An investment in stock that Misk does not intend to sell in the near future. Which of above securities purchased by Misk should be classified as available-for-sale securities?
The choice of this option alone is based on the reasoning that Available for Sale (AFS) Securities are usually presented based on their fair values. As such an increase in investment will be needed when the Fair value exceeds is more than the cost of the securities.
The other effect of the transaction of Misk Co is that it will lead to an increase in other comprehensive income.
Securities purchased by Misk Co. are classified based on their intent and ability to sell. Debt securities held for quick turnover are trading securities, Treasury bonds held until maturity are held-to-maturity securities, while a stock investment planned for long-term holding but not until maturity is classified as available-for-sale securities. Hence, 'III. An investment in a stock that Misk does not intend to sell in the near future is classified as available-for-sale securities.
Explanation:The securities purchased by Misk Co. can be classified into held-to-maturity securities, trading securities, and available-for-sale securities based on their intent and ability to sell.
I. Debt securities bought and held for the purposes of reselling in the near future. These are classified as trading securities because they are bought with the intention of reselling them in the near future to earn profit from price changes.
II. U.S. Treasury bonds that Misk intends and is able to hold to maturity. These are deemed as held-to-maturity securities because the investor intends to and is capable of holding these until their maturity date.
III. An investment in a stock that Misk does not intend to sell in the near future. These are termed available-for-sale securities because they are neither intended to be sold in the near term (like trading securities) nor held until maturity (as with held-to-maturity securities). They can be sold if necessary, but that is not the primary intention.
Therefore, based on the above classification, the answer to the question, 'Which of the above securities purchased by Misk should be classified as available-for-sale securities?' is (c.) III only.
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The Brown Jug has paid annual dividends of $0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years, respectively. What is the geometric average dividend growth rate for this period?
Top of Form
a. 8.51 percent
b. 8.97 percent
c. 9.10 percent
d. 9.59 percent
e. 10.21 percent
Answer:
Option (d) 9.59%
Explanation:
Data provided in the question:
Annual dividends paid by the Brown jug
$0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years
Now,
Present value = $0.61
Future value = $0.88
Time = 4 years [as there is no interest for the year 1]
Now,
Future value = Present value × (1 + r )ⁿ
here,
r is the geometric average dividend growth rate
$0.88 = $0.61 × (1 + r )⁴
or
(1 + r )⁵ = 1.4426
or
1 + r = 1.0959
or
r = 0.0959
or
r = 0.0959 × 100% = 9.59%
Hence,
Option (d) 9.59%
Final answer:
The geometric average dividend growth rate for the Brown Jug over the past 5 years is calculated using the geometric mean of the individual yearly growth rates, resulting in approximately 9.10%.
Explanation:
The geometric average dividend growth rate is calculated using the formula for geometric mean of growth factors, which is the nth root of the product of growth factors, where n is the number of periods. The growth rates for each year are as follows: from $0.61 to $0.64 is approximately 4.92%, from $0.64 to $0.71 is about 10.94%, from $0.71 to $0.82 is roughly 15.49%, and from $0.82 to $0.88 is approximately 7.32%. Thus, the geometric mean growth rate (g) can be calculated using the formula:
(1+g)^4 = (1 + 0.0492) * (1 + 0.1094) * (1 + 0.1549) * (1 + 0.0732)
Solving for g gives us a geometric average growth rate of approximately 9.10%, which corresponds to option c.
Five years ago, Lewis Equipment purchased equipment costing $212,000. Two years ago, the firm paid $32.000 for updates to that equipment. This year, the firm sold the equipment for $189.000.
Which of these cash flows is (are) cash inflows to Lewis Equipment? Click the answer you think is right
a.$212,000 original cost plus $32,000 in updates
b.$32,000 updates
c.$212,000 original cost
d.$189,000 sale price
Answer:
d.$189,000 sale price
Explanation:
Investing activities: It records operations that include buying and selling long-term properties. The buying is a cash outflow whereas the sale is a cash inflow.
Since the equipment is sold this year for $189,000 that is to be reported in the investing activities under the cash flow statement. This amount should be recorded with a positive sign.
The other information is not relevant.
During the last year, Globo-Chem Co. generated $1,053.00 million in cash flow from operating activities and had negative cash flow generated from investing activities (-576.00 million). At the end of the first year, Globo-Chem Co. had $180 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. What was the firm’s cash flow (CF) due to financing activities in the second year?
a. 282.75 million
b. -188.50 million
c. 471.25 million
d. -377.00 million
Answer:
d. -377.00 million
Explanation:
The computation is shown below:
As we know that
Ending cash balance = Beginning cash balance + Cash flow from Operating Activities + Cash flow from Investing Activities + Cash flow from Financing Activities
$280 million = $180 million +$1053.00 million -$576.00 million + Cash flow from Financing Activities
So, the cash flow from operating activities is -$377 million
Final answer:
The firm's cash flow due to financing activities in the second year was -377.00 million, calculated by subtracting the cash flows from operating and investing activities from the total net increase in cash.
Explanation:
To determine the firm’s cash flow due to financing activities for the second year, we need to consider the opening and closing cash balances, as well as cash flows from operating and investing activities. The net increase in cash can be calculated as follows:
Cash at the end of Year 2 - Cash at the end of Year 1 = Net increase in Cash
280 million - 180 million = 100 million
Then, we can find out the cash flow due to financing activities by subtracting operating and investing cash flows from the net increase in cash:
Cash Flow from Financing Activities = Net increase in Cash - (Cash Flow from Operating Activities + Cash Flow from Investing Activities)
100 million - (1,053.00 million - 576.00 million) = 100 million - 477.00 million = -377.00 million.
Therefore, the firm’s cash flow due to financing activities in the second year was -377.00 million, which is option d.
Economic models are:
a. useless if they are simple.
b. potentially useful in forming economic policy.
c. made generally of wood, plastic, and/or metal.
d. set up and used to precisely mirror reality.
Answer:
The correct answer is letter "B": potentially useful in forming economic policy.
Explanation:
Economic models are abstractions that try to simplify phenomena of the real world. Economic models are the assumption that economists make to understand the diverse economic events that occur. Those models could be theoretical or mathematical in some cases.
Economic models can help governments establish economic policies based on facts of the environment and the variables affecting that community.
The board of directors of Orange Corporation, a calendar year taxpayer, is holding its year-end meeting on December 28, 2010. One topic on the board’s agenda is the approval of a $25,000 gift to a qualified charitable organization. Orange has a $20,000 charitable contribution carryover to 2010 from a prior year. Identify the tax issues the board should consider regarding the proposed contribution.
Answer:
i love you
Explanation:
but im not gay
Zook Incorporated, had net income for 2018 of $5,400,000. Additional information is as follows:
Amortization of patents
$ 45,000
Depreciation on plant assets 1,650,000
Long-term debt:
Bond premium amortization 65,000
Interest paid 900,000
Provision for doubtful accounts:
Current receivables 80,000
Long-term nontrade receivables 30,000
What should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2018, based solely on the above information?
a. $7,220,000.
b. $7,270,000.
c. $7,140,000.
d. $7,240,000.
Answer:
b. $7,270,000.
Explanation:
net income 5,400,000
patent amort 45,000
depreciation 1,650,000
premium on bonds 65,000
bad debt expense 110,000
total 7,270,000
We should remove the non.monetary terms
the patent , depreication and allwance for doubful account do not represent cash erogation so they most be removed.
Same is true for the premium on bonds which makes for a lower interest expense than the amount of interest paid so it should also be taking into consideration as an element to remove.
Money is invested in a savings account with a nominal interest rate of 2.4% convertible monthly for three years. The rate of inflation is 1.5% for the first year, 2.8% for the second year, and 3.4% for the third year. Find the percentage of purchasing power lost during the time the money is invested; that is, find p so that if you could purchase exactly u units at the time the money was invested, three years later you could purchase u(1 ? 0.01p).
Answer:
real rate of return -0.48%
if before I could purchase X units now I purchase X*(1 - 0.0048)
Explanation:
We solve using the fishcer model:
[tex]\frac{1+r_n}{1+ \theta } = 1+r_e[/tex]
As we have more than one inflation period we multiply each other as it was a succession of interest
[tex]\frac{1.024^3}{1.015 \times 1.028 \times 1.034} - 1 = r_e[/tex]
real rate -0.004777527 = -0.48%
Final answer:
To calculate the percentage of purchasing power lost during an investment over three years with a nominal interest rate of 2.4% and variable inflation rates, compound the monthly interest rate for three years and compound the inflation rates annually. Then subtract the compounded inflation rate from the effective interest rate of the investment to find the loss in purchasing power in percentage terms. Lastly, use the formula u(1 - 0.01p) to determine how many units could be purchased after three years.
Explanation:
To find the percentage of purchasing power lost during three years of investment considering variable inflation rates, we need to compare the nominal interest rate with the effective inflation rates over the period. Even though the nominal interest rate of the savings account is 2.4% convertible monthly, we must adjust this rate for inflation to understand its real impact on purchasing power. To do this, the monthly interest rate needs to be compounded over the three years and the inflation rates need to be compounded respectively for each year.
Firstly, since the nominal annual interest rate is 2.4% compounded monthly, the monthly interest rate is 2.4%/12 = 0.2%. Compounding this monthly over three years gives us an effective interest rate EIR which can be calculated using the formula:
EIR = [(1 + 0.2/100)12*3 - 1] * 100
To calculate the overall effect of inflation, we must adjust the individual annual inflation rates to find the compounded rate over the three years. Assuming the inflation rates are compounded annually, the compounded inflation rate over the three years can be found using:
Compounded Inflation = [(1 + 1.5/100) * (1 + 2.8/100) * (1 + 3.4/100) - 1] * 100
To determine the percentage of purchasing power lost, subtract the compounded inflation rate from the effective interest rate. The result will give us the loss in purchasing power as a percentage.
Percentage of Purchasing Power Lost (p) = EIR - Compounded Inflation
Finally, to determine how many units could be purchased after three years relative to the initial number, use the formula:
u(1 - 0.01p), where p is the percentage of purchasing power lost.
Three commonly used productivity variables are: A. quality, efficiency, and low cost. B. technology, raw materials, and labor. C. education, diet, and social overhead. D. quality, external elements, and precise units of measure. E. labor, capital, and management.
Answer:
E. Labor, capital and management
Explanation:
Productivity refers to efficiency in production which means how much output is produced for available level of inputs. It is measured by output/input ratio.
The variables which determine productivity are labor, capital and management.
Capital refers to the amount of investment an entrepreneur makes in a project. Capital invested determines the resources available.
Labor refers to men employed to produce output. Labor cost refers to the wages paid.
Management refers to carrying out operations effectively so that all factors of production work in synchronization and to ensure that everything is in order.
Performance dimensions on which customers expect a minimum level of performance are called A. minimum performers. B. order winners. C. recommended daily allowances. D. order qualifiers.
Answer:
D. order qualifiers
Explanation:
Order qualifiers -
It refers to the process by which the internals operational capabilities are turned into criteria , which me turns out to advantage in market , is referred to as order qualifier .
The term was given by Terry Hill , the professor from the London Business school .
It refers to the minimum level of performance .
Hence , from the given information of the question,
The correct term is order qualifiers .
Answer:
The correct answer is letter D"": order qualifiers.
Explanation:
Order qualifiers are standards consumers place that a good or service must meet to consider purchasing the good or service. When the order qualifier is better than the offered by competitors, it becomes an order winner, thus, the consumer decides to buy the product.
Coburn (beginning capital, $55,000) and Webb (beginning capital $95,000) are partners. During 2017, the partnership earned net income of $71,000, and Coburn made drawings of $17,000 while Webb made drawings of $25,000. Assume the partnership income-sharing agreement calls for income to be divided 30% to Coburn and 70% to Webb. Prepare the journal entry to record the allocation of net income.
Answer:
Given that,
Beginning capital of Coburn = $55,000
Beginning capital of Webb = $95,000
Partnership earned net income = $71,000
Coburn made drawings = $17,000
Webb made drawings = $25,000
Income-sharing ratio = 30:70
Coburn's share in profits = Net income earned × 30%
= $71,000 × 0.3
= $21,300
Webb's share in profits = Net income earned × 30%
= $71,000 × 0.7
= $49,700
Therefore, the journal entry is as follows:
Profit and loss A/c Dr. $71,000
To Coburn's capital A/c $21,300
To Webb's capital A/c $49,700
(To record the allocation of net income)
A shirt manufacturer sold 10 dozen shirts per day when the price was $4 per shirt and sold 10 dozen shirts per day when the price was $3 per shirt. The absolute value of the price elasticity of demand, is:
Answer:
0
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Price elasticity of demand = percentage change in quantity demanded/ percentage change in price.
Percentage change in price = ($4 -$3) / $4 = 0.25 =25%
Percentage change in quantity demanded = ( 10 -10) /10 =0
0 / 25% = 0
This indicates demand Is perfectly inelastic.
I hope my answer helps you
3. An airline company operates a plane between ATL and DC. This plane has 120 seats for economy class with two price tiers: low fare at $250 and high fare at $420. The low fare seats target for travelers and there is an unlimited demand from travelers. So seats o ered at $250 will always be sold out. The high fare seats target for business travelers and the company believes that the number of business travelers for this route follows Poisson with mean 20. As business travelers plan for their travels in the last minute, any seats assigned to business travelers must be remained and cannot be o ered to travelers. How many seats should be assigned to the business travelers to maximize the revenue?
Answer: 20 seats
Explanation:
The optimal number of business travellers will be the mean of Poisson distribution i.e 20, since the number of business travellers follows Poisson distribution. Which means that the probability that there will be 20 business travellers will be higher than all other numbers.
Therefore 20 seats must be assigned to business travellers to maximize the revenue.
Roberto was recently promoted, and his salary increase includes retirement investment options, so he has decided to take part in an ESOP. This means that Roberto____________.A. will be on the company's board of directorsB. will participate in an Externship Supervisors' Oversight PlanC.will be buying shares of his company'sstockD. is now part of the company's external stakeholdersE. is in charge of an investment groupWith an Employee Stock Ownership Plan (ESOP), employees buy company stock to become owners.
Answer:
C.will be buying shares of his company's stock
Explanation:
ESOP is short for employee stock ownership plan. The purpose of this plan is to give the employees option of buying the company's stock shares and share ownership of the company. This is issued through direct stock, profit-sharing plans or bonuses and it is made sure that the employee has complete discretion of who avails any of these options.
Therefore, when Roberto was promoted, his decision to take part in ESOP meant that the the power to buy the company's stocks and share ownership.
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ……. And the quantity of shoes consumed in the domestic market to …….
a.) Fall; rise
b.) Fall; fall
c.) Rise; fall
d.) Rise; rise
Final answer:
The imposition of a tariff on imported shoes is expected to result in a rise in the domestic price and a fall in the quantity of shoes consumed domestically. This effect occurs because the tariff makes imports more expensive, prompting consumers to either buy more expensive domestic goods or reduce consumption.
Explanation:
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to rise, and the quantity of shoes consumed in the domestic market to fall. Therefore, the correct answer is c.) Rise; fall. Import tariffs are taxes on goods brought into a country. By imposing a tariff, a country can raise the cost of the imported goods to encourage consumers to buy domestically produced items. This action increases the domestic price of both imported shoes and those made within the country as the domestic products become more competitive against the more expensive imports. The quantity of shoes consumed in the domestic market falls because of the higher prices, reducing the overall demand for shoes. When a tariff is imposed, it can also lead to a price wedge between the foreign price and the domestic price of the product. Domestic suppliers may increase their output to some extent, but overall consumption decreases as prices rise.
What is the value today of an annuity of $5,900 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 8 percent.
Answer:
Present value of an annuity of $5,900 per year is $52,460
Explanation:
This question will be solved using Advanced Annuity formula as below:
Value of Annuity three years from now = [tex]P+P [\frac{1-(1+r)^{-(n-1)} }{r}][/tex]
Value of Annuity three years from now = [tex]5900+5900 [\frac{1-(1+0.08)^{-22} }{0.08}][/tex]
Value of Annuity three years from now = [tex]5900+(5900 X{10.53})[/tex]
Value of Annuity three years from now =5,900 + 60,184
Value of Annuity three years from now = 66,084
Present Value of annuity = 66,084 x [tex](1+0.08)^{-3}[/tex]
Present Value of annuity = 66,084 x 0.79383
Present Value of annuity = $52,460
So the Present value of an annuity of $5,900 per year is $52,460 if the first cash flow received three years from now
Final answer:
To determine the present value of an annuity, first subtract the number of years until the first payment from the total number of years, then apply the present value formula for an annuity, discounting each payment using the given interest rate. The formula used includes the annual payment, discount rate, and the number of payments.
Explanation:
The question is asking to calculate the present value of an annuity with a series of future payments. An annuity is a series of equal payments made at regular intervals over a period. To find the present value of an annuity, you need to discount each payment back to the present value, using the formula for the present value of an annuity due. For a discount rate of 8%, and payments starting in 3 years and ending in 25 years, we use the formula:
PV = Pmt imes rac{1 - (1 + r)^{-n}}{r}
where:
PV is the present value of the annuity
Pmt is the annual payment ( 5,900)
r is the annual discount rate (0.08)
n is the number of payments (25 - 3 = 22)
The present value calculation is:
PV = 5,900 imes rac{1 - (1 + 0.08)^{-22}}{0.08}
After calculating the above formula, you'd get the present value of the annuity.
Pharoah Company at December 31 has cash $21,200, noncash assets $102,000, liabilities $55,600, and the following capital balances: Floyd $43,000 and DeWitt $24,600. The firm is liquidated, and $115,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 70% and 30%, respectively.
1. Consider an economy in which autonomous consumption is 800, the marginal propensity to consume is 0.8, investment is 400, government spending is 500, taxation is 400, and net exports are 100.
A. What is the equilibrium GDP in this economy? Show your work.
B. What is the savings at this level of GDP? Show your work.
C. What are the spending and tax multipliers? Show your work.
D. If government spending increases by 200, what is the new equilibrium GDP and what is the increase over the original equilibrium GDP? Show your work.
E. If the government increases both spending and taxation by 200, what is the new equilibrium GDP and what is the increase over the original equilibrium GDP? Show your work.
**A. Equilibrium GDP is $4,500**: Equilibrium GDP calculation using the aggregate expenditure approach.
1. **Identify components**: Autonomous consumption (C₀) = 800, Marginal propensity to consume (MPC) = 0.8, Investment (I) = 400, Government spending (G) = 500, Taxation (T) = 400, Net exports (NX) = 100.
2. **Calculate disposable income**:[tex]\( Y_d = Y - T \).[/tex]
3. **Aggregate expenditure (AE)**: [tex]\( AE = C₀ + MPC \times Y_d + I + G + NX \).[/tex]
4. **Set AE equal to GDP (Y)**: [tex]\( AE = Y \).[/tex]
5. **Substitute values**:[tex]\( 800 + 0.8(Y - 400) + 400 + 500 + 100 = Y \).[/tex]
6. **Simplify**: \( 1,800 + 0.8Y - 320 = Y \).
7. **Solve for Y**: [tex]\( 1,480 = 0.2Y \), \( Y = \frac{1,480}{0.2} = 7,400 \).[/tex]
**B. Savings at equilibrium GDP is $1,480**: Calculate savings as the difference between disposable income and consumption.
1. **Disposable income**: [tex]\( Y_d = Y - T \).[/tex]
2. **Substitute values**: [tex]\( Y_d = 7,400 - 400 = 7,000 \).[/tex]
3. **Consumption (C)**: [tex]\( C = C₀ + MPC \times Y_d \).[/tex]
4. **Substitute values**:[tex]\( C = 800 + 0.8 \times 7,000 = 6,400 \).[/tex]
5. **Savings (S)**: [tex]\( S = Y_d - C \).[/tex]
6. **Calculate savings**:[tex]\( S = 7,000 - 6,400 = 600 \).[/tex]
**C. Spending and tax multipliers are 5 and -4 respectively**: Calculate multipliers using MPC.
1. **Spending multiplier**: [tex]\( \frac{1}{1 - MPC} = \frac{1}{1 - 0.8} = 5 \).[/tex]
2. **Tax multiplier**: [tex]\( \frac{-MPC}{1 - MPC} = \frac{-0.8}{1 - 0.8} = -4 \).[/tex]
**D. New equilibrium GDP is $5,400; Increase is $1,900**: Calculate the impact of increased government spending.
1. **Increase in G**: ΔG = 200.
2. **Change in GDP**: ΔY = spending multiplier × ΔG.
3. **Substitute values**: ΔY = 5 × 200 = 1,000.
4. **New GDP**:[tex]\( 7,400 + 1,000 = 8,400 \).[/tex]
**E. New equilibrium GDP is $7,400; No increase**: Calculate the impact of simultaneous increase in spending and taxation.
1. **Increase in G and T**: ΔG = ΔT = 200.
2. **Change in GDP due to G**: ΔY_G = spending multiplier × ΔG = 5 × 200 = 1,000.
3. **Change in GDP due to T**: ΔY_T = tax multiplier × ΔT = -4 × 200 = -800.
4. **Net change in GDP**: ΔY = ΔY_G + ΔY_T = 1,000 - 800 = 200.
5. **New GDP**: [tex]\( 7,400 + 200 = 7,600 \).[/tex]
Do It! Review 1-3 (Part Level Submission)Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.Accounts payable $ 9,800 Notes payable $ 16,600Accounts receivable 6,800 Rent expense 14,800Advertising expense 4,410 Retained earnings ?Cash 7,900 Service revenue 34,600Common stock 19,800 Supplies 6,700Dividends 7,300 Supplies expense 1,290Equipment 31,600
Prepare an income statement for Marsh Corporation.
Answer:
Income Statement for the Year ended December 31th,2014
Service revenue 34,600
Rent expense 14,800
Advertising expense 4,410
Supplies expense 1,290
Total expenses 20,500
Net income 14,100
Explanation:
For the incoem statemnt we will only work with revenues and expenses account.
we list all the revenues first.
then, we list and add up all the expenses accout
finally, we subtract from revenues to get the net income.
Selected transactions for Sheffield’s Dog Care are as follows during the month of March. March 1 Paid monthly rent of $1,270. 3 Performed services for $150 on account. 5 Performed services for cash of $80. 8 Purchased equipment for $635. The company paid cash of $85 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid salaries and wages to employees of $555. 22 Paid utilities of $76. 24 Borrowed $1,590 from Grafton State Bank by signing a note. 27 Paid $230 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $2,100 for six months of insurance.
Answer:
The journal entries from March 1 to 30th March are detailed in the explanation.
Explanation:
The Question is to journalize the transactions of Sheffield's Dog Care during the Month of March
Date Account Particulars Debit Credit
Mar 1 Rent A/c $1,270
Cash $1,270
Being the record of Monthly rent payment for the month of March
Mar 3 Accounts Receivable $150
Service Revenue $150
Being the record of service provided on account
Mar 5 Cash $80
Service Revenue $80
Being the record of service provided for cash
Mar 8 Equipment $635
Cash $85
Accounts Payable $550
Being the record of equipment purchased
Mar 12 Cash $150
Accounts Receivable $150
Being the record of cash received from the customer
Mar 15 Wages Expenses $555
Cash $555
Being the record of wages paid
Mar 22 Utilities Expense $76
Cash $76
Being the record of utilities expense
Mar 24 Bank A/c $1,590
Notes Payable $1,590
Being the record of borrowed cash signing notes payable
Mar 27 Repair Expense A/c $230
Cash $230
Being the record of repair of expense
Mar 28 Accounts Payable A/c $550
Cash $550
Being the record of payment made to accounts payable
Mar 30 Prepaid Insurance A/c $1.910
Cash $1,910
Being the record of payment for insurance.
The transactions described in the question comprise various financial and business activities which can help in deriving a detailed analysis of Sheffield’s Dog Care's cash flow during March. By evaluating all income and expenses, you will be able to establish the company's net cash flow for this period.
Explanation:The transactions described involve various business and financial activities. The company 'Sheffield’s Dog Care' pays rent, provides services, purchases equipment, receives cash, pays salaries, borrows money, and pays for utilities, repairs, and insurance. The available information allows for a detailed analysis of the company's cash flow during March.
At the start of the month, the company paid $1,270 for rent. Then it performed services twice, once on account earning $150 and then for cash earning $80. It also purchased equipment for $635 but paid only $85 in cash at the time, the balance was on account. Later, the company received the $150 from the services performed on account. Further along in the month, salaries worth $555 were paid.
Other expenses the company bore were utilities ($76), plumbing repairs ($230), and insurance ($2,100). The company also took a loan of $1,590. By subtracting all the amounts paid from the total amount received, you can derive the net cash flow for this period, which gives an idea about the company's financial status within this specific time frame.
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Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analysis and risk assessment to weigh all of the social benefits and costs of a business action?
a.Naive immoralism
b.Utilitarianism
c.Righteous moralism
d.None of the above
Answer:
B.Utilitarianism
Explanation: Utilitarianism is a Normative and persuasive Ethical phylosophy,which tends to relate the outcome or consequences of certain conditions or activities to the choices a person or an organization makes. It type of Ethical phylosophy believes in the general good of the public when certain steps are taken by Organisations or Government or the people,it looks detests selfishness.
Answer:
B. Utilitarianism.
Explanation:
In naive immoralism a manager of a multinational company agrees or chooses to follow the ethics of another manager in the host nation, because his feels it is the right ethics to follow.
Righteous moralism asserts that a manager of a multinational company claims that the ethics they follow must be adopted by the other manager in the host nation.
While Utilitarianism seeks to promote the positive effect of business decisions and making sure that the benefit outweighs the risk.
Victor and Maria Hernandez Victor and Maria, both in their late 30s, have two children: John, age 13, and Joseph, age 15. Victor has had a long sales career with a retail appliance store. Maria works part-time as a medical records assistant. The Hernandezes own two vehicles and their home, on which they have a mortgage. They will face many financial challenges over the next 20 years, as their children drive, go to college, and leave home and go out in the world on their own. Victor and Maria also recognize the need to further prepare for their retirement and the challenges of aging. Victor and Maria spent some time making up their first balance sheet, which is shown in Table 3-2. Victor and Maria are a bit confused about how various financial activities can affect their net worth.(a) Assume that their home is now appraised at $200,000 and the value of their automobile has dropped to $8,500. Calculate and characterize the effects of these changes on their net worth and on their asset-to-debt ratio.Table:Complex one can't copy
Answer:
30z
Explanation:
btajaymo 30z fineeeee okayyy?
Which of the following is NOT a differentiator between manufacturing and service operations? A. Transportation B. Customer contact C. Resale D. Cost per unit
Answer: D) Cost per unit
Explanation:
In terms of manufacturing field, where the goods are manufactured, service operation is the process which workers manage and control demand of customers after getting training from operation manager.
Cost per unit is not the factor that acts as differing agent between manufacturing process and service operation because it is a part of the process which is handled by workers .
Other options are incorrect because transportation, contact of customer and resale are the factors that contrast the manufacturing service and service operations.Thus, the correct option is option(D)
Cost per unit is not a differentiator between manufacturing and service operations. While factors like transportation, customer contact, and resale significantly differ in these two operations, the cost per unit can vary in both, depending on different variables.
Explanation:The factor that is NOT a differentiator between manufacturing and service operations would be D. Cost per unit.
Cost per unit is not a significant differentiating factor as both manufacturing and service operations can have variations in cost per unit depending on the scale, resources, technology used, and efficiency of operations. However, factors like A. Transportation, B. Customer contact, and C. Resale are key differentiators. In manufacturing, transportation of goods is crucial, the level of customer contact is generally lower, and the goods produced can be resold. Whereas, in service operations, the service cannot be transported or resold and there is generally a higher level of direct contact with customers.
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A toothpaste company began collecting customer information and discovered that its ideal customer was female, 41 years old, had a high school degree, worked as a teacher, enjoyed eating out and the latest popular books, lived in a suburb, worked in a small-sized company, has two children, and liked stay at home with her family on the weekends. This company just created what is known as a: buyer persona customer management system market segmentation
Answer:
The correct answer is letter "A": buyer persona.
Explanation:
Buyer persona is the fictional representation of an ideal client. Buyer persona is based on real data about the behavior and demographic characteristics of consumers, as well as a compilation of their personal histories, motivations, objectives, challenges, and worries.
The toothpaste company created a buyer persona, a detailed profile of their ideal customer, to better understand their target market. This helps them tailor their marketing strategies and create personalized messages for different customer segments through market segmentation.
Explanation:The toothpaste company has created a buyer persona, which is a detailed profile of their ideal customer. This profile includes characteristics such as gender, age, education level, occupation, interests, location, company size, and family situation. By creating a buyer persona, the company can better understand their target market and tailor their marketing strategies accordingly.
Creating a buyer persona is part of the process of market segmentation, where a company divides its target market into groups based on similar characteristics, behaviors, or needs. This allows the company to focus its marketing efforts on specific segments and deliver more personalized messages to each group. By identifying the ideal customer through a buyer persona, the toothpaste company can effectively manage its customers and create products and marketing campaigns that resonate with them.
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Linda Baer has already saved $5,475 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 4 percent compounded annually, how long will it take to buy a car that costs $7,792?
Answer:
9.16 years
Explanation:
To find the answer, we arrange the quantities in the following formula:
$5,475 (1 + 0.04)^x = $7,792
As it can be seen, we are solving for x, which is the period of time that it has taken for the initial $5,475 to become the final $7,792 that are needed for buying the car. Now we simply solve the equation:
(1+0.04)^x = $7,792 / $5,475
(1.04)^x = 1.4232
xlog 1.04 = log 1.432
x = log1.432 / log1.04
x = 9.16
Prepare a statement of cash flows
All-Star Automotive Company experienced the following accounting events during Year 1:
Performed services for $14,200 cash. Purchased land for $7,200 cash. Hired an accountant to keep the books. Received $32,000 cash from the issue of common stock. Borrowed $8,400 cash from State Bank. Paid $4,200 cash for salary expense. Sold land for $8,400 cash. Paid $3,200 cash on the loan from State Bank. Paid $4,400 cash for utilities expense. Paid a cash dividend of $1,200 to the stockholders.
Required
a. Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not applicable (NA).
b. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $9,200.
Answer:
Explanation:
a. The categorization is shown below:
Performed services for $14,200 cash = operating activities (OA)
Purchased land for $7,200 cash. investing activities (IA)
Hired an accountant to keep the books. = not applicable (NA)
Received $32,000 cash from the issue of common stock. = financing activities (FA)
Borrowed $8,400 cash from State Bank. = financing activities (FA)
Paid $4,200 cash for salary expense. = operating activities (OA)
Sold land for $8,400 cash. investing activities (IA)
Paid $3,200 cash on the loan from State Bank. = financing activities (FA)
Paid $4,400 cash for utilities expense. = operating activities (OA)
Paid a cash dividend of $1,200 to the stockholders.= financing activities (FA)
b. The preparation of the Cash Flows from three Activities is presented below:
Cash flow from Operating activities
Performed services for cash $14,200
Less: paid cash for salary expenses -$4,200
Less: paid cash for utilities expenses -$4,400
Net Cash flow provided by Operating activities $5,600
Cash flow from Investing activities
Purchase of land for cash - $7,200
Sale of land for cash $8,400
Net Cash flow provided by Investing activities $1,200
Cash flow from Financing activities
Cash receipt from the issuance of common stock $32,000
Cash borrowed from state bank $8,400
Les: cash paid on the loan from state bank -$4,400
Less: cash dividend paid -$1,200
Net Cash flow provided by Financing activities $34,800
Net Cash flow provided by Operating activities $5,600
Net Cash flow provided by Investing activities $1,200
Net Cash flow provided by Financing activities $34,800
Add: Beginning cash balance $9,200
Ending cash balance $50,800
A computer thesaurus Group of answer choices catches
a. punctuation as well as grammar errors.
b. highlights phrases in passive voice.
c. suggests correct spelling.
d. can help you find just the right word for a given situation.
Answer: The correct answer is d). Can help you find just the right word for a given situation.
Explanation: A computer thesaurus is a software tool on a computer that suggest words that are similar in meaning (synonyms) based on a given command.
A thesaurus unlike a dictionary that gives meaning of words, suggests choice words based on each given entry.
Journal articles can be helpful resources when writing a laboratory report, but it is important to ensure that these references are cited properly. Which components are typically included when citing a journal article
Answer:
Author, year of publication, title of the article, journal, page number and volume/issue number
Explanation:
Citation of journal articles used to develop any report is very important. As a matter of policy worldwide, the refusal to cite a used document is referred to as plagiarism and it has quite dire repercussions in most academic and professional spheres.
The following components are typically included in citing a journal
1) The Authors/ writers of the journal article, this could include their affiliations such as
2) the Year of publication: an author can write very similar articles and may only be distinguished by factors such as the year.
3) The title of the article - important to distinguish and easy to refer to
4) The Journal that published the article
5) The page number (s) from the journal that published the article for easy reference where the journal has multiple publications
6) Volume/issue number of the journal that published the article.
Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $120,000. Overhead totaled $325,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Required: 1. What was the cost of direct materials used in September?
Answer:
Direct material= $190,000
Explanation:
Giving the following information:
Lauren Ashley Company purchased materials costing $200,000.
Inventories:
September 1= 120,000
September 30= 130,000
To calculate the amount of direct material used we need to use the following formula:
Direct material= beginning inventory + purchases - ending inventory
Direct material= 120,000 + 200,000 - 130,000= $190,000
Capity Tea Products has an exclusive contract with British Distributors. Calamine and Capity are two brands of teas that are imported and sold to retail outlets. The following information is provided for the month of March:
Actual Budget
Calamine Capity Calamine Capity
Sales in pounds 3800 lbs. 3980 lbs. 4,400 lbs. 3,300 lbs
Price per pound $3.00 $2.90 $2.00 $3.00
Variable cost per pound 1.00 2.20 1.00 1.50
Contribution margin $2.00 $0.70 $1.00 $1.50
Budgeted and actual fixed corporate-sustaining costs are $1,850 and $2,300, respectively.
What is the actual contribution margin for the month?
a. $12,236
b. $9770
c. $9900
d. $10,386
Answer:
Option D 10,386
Explanation:
The contribution is the amount left from sales after paying the variable cost. In this case we are given with this value so we don't have to calcualte for it.
To get for the contribution margin we will consider the actual values over the budget.
3,800 Calmine pounds x 2 dollar of contribution per pound = 7,600
3,980 Capity pounds x 0.70 dollars per pound = 2,786
Total: 7,600 + 2,786 = 10,386
The actual contribution margin for the month is $10,386
Actual
Calamine Capity
Sales in pounds 3800 lbs 3980 lbs.
Contribution margin per round $2.00 $0.70
Product contribution margin $7,600 $2,786.
The total contribution earned = $7,600 + $2,786
The total contribution earned = $10,386
In conclusion, the Option D is correct because the actual contribution margin for the month is $10,386.
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Supply chain management is: a. Is both external and internal to an organization b. Is only external to the organization c. Is only internal to the organization d. Is limited only to the operations management function
Supply chain management is both external and internal to an organization, involving the structuring of supply chain networks, development of business processes, and management of activities to efficiently move products from suppliers to customers.
Supply chain management (SCM) encompasses a broad range of activities required to plan, control, and execute a product's flow from materials to production to distribution in the most economical way possible. SCM is not limited to just one aspect of an organization; it consists of both external and internal components to an organization. This includes the creation of the supply chain network structure, developing supply chain business processes, and managing supply chain activities. A well-designed supply chain improves market agility, adapts to changes, helps to align interests of all network members, and focuses on operation effectiveness and customer satisfaction.
Creating the supply chain network structure entails defining the member firms and the links between them.Developing supply chain business processes involves activities that yield a specific value to the customer.Managing supply chain activities integrates these processes across the supply chain.SCM aims to be responsive to shifts in demand and market changes, enabling companies to maximize their profitability by ensuring that supply meets demand. A clear example of SCM's effectiveness can be seen in Mumbai's meal delivery sector, where companies have internally optimized their logistics processes to improve efficiency, customer service, and competitive advantage.