To assist the student, the statement of stockholders' equity is constructed by adjusting retained earnings with net income and dividends. Retained earnings reflect the money reinvested. The firm can write a check up to its cash balance, and the amount due to current creditors is equal to the total current liabilities.
Explanation:The student is requesting assistance with an exercise related to the preparation of financial statements and analysis from given financial data. Here are the responses to each part of the question:
Statement of Stockholders' Equity: Since no common stock was issued during the year and given the net income and dividends paid, the statement would reflect an opening balance in retained earnings, add net income, and subtract dividends to arrive at the retained earnings at the end of the period.Money reinvested refers to the retained earnings, which is part of shareholders' equity, representing profits kept in the company rather than paid out as dividends.The largest check without bouncing would be equal to the cash and cash equivalents balance.Money payable to creditors within the next year is represented by the total current liabilities.Here's how calculations should be done based on the provided balance sheet:
To calculate statement of stockholders’ equity: Begin with retained earnings at the beginning of the year (assumed to be the same as the end of the last year), add net income, and subtract dividends paid.Money reinvested: This is simply the total retained earnings.Check size without bouncing: Equals cash and equivalents.Money to current creditors: Equals total current liabilities.The following information has been extracted from the financial statements of a company. Use it to answer the 7 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. Total Current Assets in 2016 = $20,000 Net Fixed Assets in 2016 = $150,000 Total Current Liabilities in 2016 = $10,000 Net Income in 2016 = $10,000 Common dividends in 2016 = $2,000 Retained earnings in Balance Sheet 2015 = $20,000 Common Stock in 2015 = $70,000 There is no other items in the stock owners section in the balance sheets of 2015 and 2016. There is no issuance of equity in 2016. 1. What is the amount for Total Assets in 2016?
Answer:
$170,000
Explanation:
Given that,
Total Current Assets in 2016 = $20,000
Net Fixed Assets in 2016 = $150,000
Total Current Liabilities in 2016 = $10,000
Net Income in 2016 = $10,000
Common dividends in 2016 = $2,000
Retained earnings in Balance Sheet 2015 = $20,000
Common Stock in 2015 = $70,000
Total Assets in 2016:
= Total current assets in 2016 + Net Fixed Assets in 2016
= $20,000 + $150,000
= $170,000
Therefore, the amount for Total Assets in 2016 is $170,000.
Interview Notes ⢠Gail is single and earned $28,000 as a cashier, her only income. ⢠Gail's son Tony is 17 years old and a full-time student in high school. ⢠Tony received Social Security survivor benefits of $5,000 in 2019. None of those benefits were taxable. He earned $10,000 during the summer working as a website developer. Tony had no withholding in box 2 of his Form W-2. ⢠He used his Social Security survivor benefits and wages to provide over half of his own support. ⢠Gail and Tony lived together all of 2019 and are U.S. citizens with valid Social Security numbers. 6. Which of the following statements is true?
OA. Tony is not required to file a tax return because his gross income is below the filing requirement.
OB. Tony is required to file because his total income is over $12,200.
C. Tony is required to file because Gail can claim him as a dependent and his income is over $4,200.
OD. Tony is not required to file because his Social Security benefits are reported on Gail's return.
Answer:
Tony is not required to file a tax return because his gross income is below the filing requirement.
Explanation:
As per 2019 tax rules, the tax filing is not mandatory toa single filer if the gross income is below $12,200, it is standardized.
Carly is applying for a position at a multinational corporation that will require her to work with people in other countries. Fortunately, she has experience doing this. To prepare for her interview, she is reviewing instances when she demonstrated a global mindset at her previous job. She knows that she will show the interviewer she has a global mindset by telling about times she has appreciated and influenced individuals, groups, organizations, and systems with different social, cultural, political, institutional, intellectual, and psychological characteristics.
Carly could best show the interviewer that she possesses the psychological dimension of the global mindset by discussing:
A) how fluent she is in german and how knowledgeable she is about german literature, film, and music
B) how much she enjoyed improving her conversational german by living with a host family for one semester in college how she was able to build strong, mutually trusting relationships with colleagues at manufacturing facilities in the Ruhr in Germany
Carly could best show the interviewer that she possesses the psychological dimension of the global mindset by discussing how much she enjoyed improving her conversational german and how she was able to build strong, manually trusting relationships with colleagues at manufacturing facilities in the Ruhr in Germany.
Explanation:
This is because this shows the qualities that the person to be selected has the required qualities and this will help Carly show the interviewer she has a global mindset by giving her real life experience examples like telling about the times she has appreciated and influenzed individuals and groups of people and it is the right way in which Carly can express her qualities with the interviewer and have a positive impact.
During the current year, the Jules Company incurred the following product costs:Direct materials used in production $250,000Direct labor $185,000Manufacturing overhead $245,500The Jules Company's beginning Work in Process Inventory was $20,000 and its ending Work in Process Inventory amounted to $30,000. What is the company's cost of finished goods manufactured for the year? A) $700,500. B) $690,500. C) $430,500. D) $670,500
Answer:
Option (D) is correct.
Explanation:
Given that,
Direct materials used in production = $250,000
Direct labor = $185,000
Manufacturing overhead = $245,500
Beginning Work in Process Inventory = $20,000
Ending Work in Process Inventory = $30,000
Cost of finished goods manufactured for the year:
= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory
= $250,000 + $185,000 + $245,500 + $20,000 - $30,000
= $670,500
Amber Corporation donated inventory of clothing (basis of $136,000, fair market value of $170,000) to a qualified charitable organization that operates homeless shelters.
Compute the charitable contribution deduction (ignoring the percentage limitation) for the C-corporation.
Answer:
charitable contribution deduction = $153000
Explanation:
given data
basis = $136,000
fair market value = $170,000
solution
we get here charitable contribution deduction that is express as
charitable contribution deduction = Basis + 50% of (Fair - basis) .......................1
put here value and we get
charitable contribution deduction = $136,000 + 0.50 ($170,000 - $136,000 )
charitable contribution deduction = $153000
On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $67,800. The band estimates it will use this equipment for five years. It estimates that after five years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years. The salvage value remains unchanged. Compute the revised depreciation for both the second and third years. Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3
Answer:
Book value at point of revision = $54,640
Remaining depreciable cost = $54,640
Depreciation per year for years 2 and 3 = $28,320
Explanation:
Depreciation expense using the straight line depreciation method = ( Cost of asset - Salvage value) / useful life
Depreciation expense before the revision = ($67,800 - $2000) / 5 = $13,160
Book value at point of revision = $67,800 - $13,160 = $54,640.
Depreciation expense after the revision = ($54,640 - $2000) / 2 = $28,320
Which of the following functions includes identifying the sources of risk and may include offering advice on controls that can reduce risk?Risk managementRisk assessmentSystems testingVulnerability assessment
Answer:
It is Risk Assessment
Explanation:
Risk Assessment is process of identifying and analyzing potential events that may negatively impact on the business either as individual or in aggregate and prevent the company from achieving its objectives.
Each business has its own inherent risks and a conscious efforts must be made to identify and analyse them using impact assessment. Necessary measures must be put in place to prevent or reduce their impacts.
For which pairs of goods would most people likely have convex indifference curves
Answer:
Movie tickets and concert tickets .
Explanation:
The indifference curve is a chart showing a mixture of two products providing equal value and usefulness for the customer.
That point on a graph of indifference indicates a customer is oblivious here between two and all points offer him the very same value.The indifference curve method was used not only to describe the actions and demand of customers but also to evaluate and clarify numerous other economic issues.A CPA can accept a contingent fee in providing tax services for an attest client if:
a. The CPA discloses this fact to the tax client
b. The CPA receives the permission of the client to accept such a form of payment
c. The CPA's tax services will be reviewed by a taxing authority
d. All of the above
Answer:
c. The CPA's tax services will be reviewed by a taxing authority.
Explanation:
The requirement of the commissions and contingent fees rule is that, the CPA is prohibited from accepting such a form of payment when engaged in attest services for a client.
Therefore, The CPA’s tax services will be reviewed by a taxing authority.
A CPA can accept a contingent fee in providing tax services for an attest client if the CPA's tax services will be reviewed by a taxing authority. The correct answer is option C.
According to the AICPA Code of Professional Conduct, contingent fees are generally prohibited for attest clients. However, an exception exists for tax services that are reviewed by a taxing authority. This ensures that the CPA's independence is not compromised, as the fee depends on the outcome of the taxing authority's review rather than the client's preferences.
Contingent fees generally prohibited for attest clients.Exception for tax services reviewed by a taxing authority.Ensures CPA's independence and objectivity.This rule helps maintain the integrity of the CPA's work and adherence to professional standards, particularly when dealing with attest clients.
Sometimes word of mouth and expert recommendations cause a product to become more popular. However, the firm that produces this product may find it difficult to get parts to increase production, and it might have to pay higher prices to receive an adequate supply of parts.
In this case, what will happen to the future price of the product?
A. The equilibrium price should rise as the supply curve shifts to the left and the demand curve shifts to the right
B. The equilibrium price should fall as the supply curve shifts to the right and the demand curve shifts to the left.
C. The equilibrium price does not change as the supply curve shifts to the left and the demand curve shifts to the right.
D. The equilibrium price changes in an unknown direction as the supply curve shifts to the left and the demand curve shifts to the right.
Answer:
A. The equilibrium price should rise as the supply curve shifts to the left and the demand curve shifts to the right.
Explanation:
due to the product being popular, the demand rises and the demand curve shifts to the right.
An important similarity between the Keynesian model and the AD/AS model is that:
A. in both models, prices change when there is a change in spending.
B. both models allow for government intervention in the short run.
C. both models predict that the economy will move towards full employment automatically.
D. in both models, the price level stays constant when there is a change in spending.
E. in both models real GDP stays constant when there is a change in spending.
Answer:
B. both models allow for government intervention in the short run.
Explanation:
Keynesian model - this model encourages the demand to increase the economy. This model believes that to boost the economy, an increase in consumer demand is a must.
it believe larger the investment in the demand more will be output, supply and less will be inflation. so for the increase in demand, Keynesians advise lowering the tax value.
AD-AS model is often called as demand-aggregate supply model. This model explain the relationship between the demand and aggregate supply.
Pick 2 of the business drivers that impact organizational security policies and explain why?
Answer:
loss of money and customer loyalty
Explanation:
security breach can lead to fraud on the company resulting in heavy financial losses. This can make customers feel unsafe about the company and not patronize the company. Most companies design their security policies such that they will not lose money resulting from hacking or glitches. The basic fundamental that drives profitability is also customer loyalty hence firms/companies design water tight security policies to ensure their customers feel safe with them. When there is data breach, customers get worried that their personal information may have been leaked to the public.
The manager of Dukey’s Shoe Station estimates operating costs for the year will include $360,000 in fixed costs.
Required:
a. Find the break-even point in sales dollars with a contribution margin ratio of 40 percent.
b. Find the break-even point in sales dollars with a contribution margin ratio of 25 percent.
c. Find the sales dollars required to generate a profit of $100,000 for the year assuming a contribution margin ratio of 40 percent.
Answer:
(a) $900,000
(b) $1,440,000
(c) $1,150,000
Explanation:
a) Break-even point($):
= Fixed cost ÷ Contribution Margin ratio
= $360,000 ÷ 0.40
= $900,000
b)Break-even point($):
= Fixed cost ÷ Contribution Margin ratio
= $360,000 ÷ 0.25
= $1,440,000
C)Target sales ($):
= [Fixed cost + desired profit ] ÷ Contribution Margin ratio
= [$360,000 + $100,000] ÷ 0.40
= $ 1,150,000
Using the break-even point formula, the sales required for Dukey’s Shoe Station to cover fixed costs with a 40% contribution margin is $900,000, $1,440,000 with a 25% contribution, and $1,150,000 to achieve a profit of $100,000 with a 40% contribution margin.
Explanation:This problem is solved by using the break-even point formula in sales dollars which is the Fixed Costs / Contribution Margin Ratio.
To find the break-even point in sales dollars with a contribution margin ratio of 40 percent, the calculation would be $360,000 / 0.40 = $900,000. So, Dukey’s Shoe Station would have to make $900,000 in sales to cover the fixed costs.The break-even point in sales dollars with a contribution margin ratio of 25 percent is $360,000 / 0.25 = $1,440,000. This means the company needs to make $1,440,000 in sales to break even.To find the sales dollars required to generate a profit of $100,000 for the year, given a contribution margin ratio of 40 percent, you'll simply add the desired profit to the fixed costs and divide by the contribution margin ratio. This equals ($360,000 + $100,000) / 0.40 = $1,150,000.Learn more about Break-Even Analysis here:https://brainly.com/question/31319621
#SPJ3
Which statements would economist Robert J. possibilities frontier? Gordon agree with regarding the effect of technology investment on the production Choose one or more A. In the twenty-first century, investment in technology is an especially effective way to increase long-run production possibilities. As a booster of long-run production possibilities, investment in the technology of the twenty-first century is overrated e C. Technology investment had a bigger impact on long-run production possibilities a hundred years ago than it does today . Technology investment has a bigser impact on long-run production possiblities today than it did a hundred years ag
Answer:
The correct options are B and C
B. As a booster of long-run production possibilities, investment in the technology of the twenty- first century is overrated.
C. Technology investment had a bigger impact on long-run production possibilities a hundred years ago than it does today.
Reason-
In twenty-first century production increases because of technology investment. Technology investment means development in production technologies. Conversely In twenty-first century technology change rapidly hence production also rises rapidly. Hundred years back means in nineteen century influence of technology investment on PPF is greater than today because today technology changing is normal.
Final answer:
Robert J. Gordon may agree that technology investment had a bigger impact on long-run production possibilities a hundred years ago compared to today. While technology still contributes to economic growth, its transformative power on the production possibilities frontier may vary over time as per his perspective.
Explanation:
Regarding the views of economist Robert J. Gordon on the impact of technology investment on the production possibilities frontier (PPF), it's important to understand the context of his work. Gordon has been skeptical about the current technology's ability to boost productivity as significantly as past innovations, such as electricity and internal combustion engine, did. Therefore, he might agree more with the statement that the impact of technology investment had a bigger effect on long-run production possibilities a hundred years ago than it does today. This is because technological advancements in the past fundamentally transformed economies, leading to massive expansions in the PPF, whereas current technology investments, while still causing growth, may not incite such dramatic changes in economic productivity.
Overall, this does not negate the principle that an increase in the quantity or quality of factors of production or improvements in technology can shift the PPF outward, leading to economic growth. Over time, as we have seen, continuously improving technology does enable an economy to produce more goods and services, thus expanding consumption and the PPF. However, the rate of this expansion and the transformative impact of technology may differ between periods and is a subject of debate among economists like Gordon.
West Company had the following account balances at December 31, 2016, before recording bad debt expense for the year: Accounts receivable $ 900,000 Allowance for uncollectible accounts (credit balance) 16,000 Credit sales for 2016 1,750,000 West is considering the following methods of estimating bad debts for 2016: ⢠Based on 2% of credit sales ⢠Based on 5% of year-end accounts receivable What amount should West charge to bad debt expense at the end of 2016 under each method? Percentage of Credit Sales Percentage of Accounts Receivable Multiple Choice $35,000 $29,000 $35,000 $45,000 $51,000 $29,000 $51,000 $45,000
Answer:
The amount reported must be on two simple rules that is as under:
1. The provision must reflect the bad debts of current year receivables only.
2. The provision must not reflect the bad debts of previous year receivables.
Now there are two ways we can solve this problem. One is using 2% of $1,750,000 of credit sales which is $35000 and the other one is 5% of $900,000 of the receivable amount which is $45,000.
Now we have to adjust the amount $45,000 for the bad debts already recorded in the accounts for the previous year, which is $16,000 for the year. So the net amount that we have to record is $29,000.
Dr Bad debt expense $29,000
Cr Provision for bad debts $29,000
In the case of Credit Sales percentage we just calculate the figure and pass the entry of bad debt as under:
Dr Bad debt expense $35,000
Cr Provision for bad debts $35,000
Which of the following is not a product cost?
(A) Property tax on the factory building
(B) Advertising
(C) Factory workers' salaries
(D) Indirect materials used in production
Explanation:
d indirect materials used in production hope it's right
On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000.
1. Compute depreciation expense for both 2014 and 2015 assuming the company uses the straight-line method.
Answer:
2014 - $ 36,000
2015 - $ 48,000
Explanation:
Depreciation Basis
Cost $ 280,000
Salvage Value $ 40,000
Depreciable Basis $ 240,000
Useful Life 5 years
Annual depreciation charge = $ 48,000 ( 240,000/5)
Charge for 9 months of 2014 $ 36,000
Charge for full year 2015 $ 48,000
Hunter is the founder and CEO of a website development firm. Clients are typically small to midsized companies that are seeking an offbeat, innovative approach to their online design, as well as functionality that offers customers surprising ways to interact with the site.What is the more appropriate style of leadership, given the type of work Hunter wants his website designers to do?a. Either transactional or transformational b. Transformational c. Transactional
Answer:
b. Transformational
Explanation:
b. Transformational because a constant change may be needed in online working .Transformational leadership allows one to determine any changes that may be required overtime to use better and enhanced to make it grow bigger and better.It is a an important part of the complete leadership strategy. Business may require changes very often and use of latest developing tools makes transformational leadership a guided approach.
Milena has a gross biweekly income of $2,200. She pays 18% in federal and state taxes, puts aside 10% of her income to pay off her school loan, and puts 5% of her income aside for savings. She is considering an apartment that rents for $1,200 per month. Based on her expenses, can she make the monthly payments?
Answer:
2,2000* 26/12=4,776.67
4776.67-18%*4766,67-10%*4776.67-5%*4776.67=3193.67
Explanation:
Roscoe signs a written agreement with Philip, giving Philip the right to cast Roscoe's votes for a certain group of people nominated by the Stillbar Corporation board of directors. The agreement between Roscoe and Philip is known as a .
Answer: Proxy
Explanation:
The proxy agreement is one of the type of legal or the authorized act which is done of the behalf of another person. By using this type of agreement we can easily done various types of legal formalities in the business management firm.
The proxy agreement should in the written format and specifically signed by the other member or party in the management. The proxy agreement is valid 10 months starting from the the date of issue.
According to the given question, the agreement between the Philip and the Roscoe is basically know as the proxy agreement in the corporation.
Therefore, Proxy is the correct answer.
The following transactions were completed by Daws Company during the current fiscal year ended December 31:
Jan. 29. Received 35% of the $9,000 balance owed by Kovar Co., a bankrupt business, and wrote off the remainder as uncollectible.
Apr. 18. Reinstated the account of Spencer Clark, which had been written off in the preceding year as uncollectible. Journalized the receipt of $4,000 cash in full payment of Clark's account.
Aug. 9. Wrote off the $11,850 balance owed by Iron Horse Co., which has no assets.
Nov. 7. Reinstated the account of Vinyl Co., which had been written off in the preceding year as uncollectible. Journalized the receipt of $7,000 cash in full payment of the account.
Dec. 31. Wrote off the following accounts as uncollectible (one entry): Beth Connelly Inc., $12,100; DeVine Co., $8,110; Moser Distributors, $21,950; Oceanic Optics, $10,000.
Dec 31 Based on an analysis of the $1,450,000 of accounts receivable, it was estimated that $60,000 will be uncollectible.
Record the January 1 credit balance of $54,200 in a T account for Allowance for Doubtful Accounts.
Answer:
Explanation:
The T account is presented below:
Allowance for Doubtful Debts
Jan 29 $5,850 Jan 1 Beginning balance $54,200
Aug 9 $11,850 April 18 $4,000
Dec 31 $52,160 Nov 7 $7,000
Dec 31 Unadjusted
balance $4,660
Dec 31 Adjusting entry $64,660
Dec 31 Adjusted balance $60,000
Beth sells candles from her website. She can get a candle from her suppliers at a cost of $3 to her. The candles have been selling for $5, and at this price, consumers have been buying a steady 4000 per month. Beth would like to raise prices, but a market surveyor told her that for each increase of $1 in the price of an candle, she would lose 300 more sales each month. At what price should she sell the candles to maximize her profit?
Answer:
$10.67
Explanation:
Data provided in the question:
Initial cost = $3
Initial selling cost = $5
Initial sales = 4000
with $1 increase in price she loses 300 sales per month
Now,
Let the increase in price which maximizes the profit be '$x'
Therefore,
Final selling price = $5 + x
Final sales = 4000 - 300x
Thus,
Revenue = Final selling price × Final sales
= ( 5 + x)( 4000 - 300x)
= 20,000 - 1500x + 4000x - 300x²
= 20,000 + 2500x - 300x²
Total Cost = Initial cost × Final sales
= 3(4000 - 300x )
= 12,000 - 900x
Now,
Profit = Total revenue - Total cost
or
P = [ 20,000 + 2500x - 300x² ] - [ 12,000 - 900x ]
or
P = 8,000 + 3400x - 300x²
for point of maxima [tex]\frac{dP}{dx}=0[/tex]
Thus,
0 = 0 + 3400 - 300(2x)
or
0 = 3400 - 600x
or
600x = 3400
or
x = [tex]\frac{17}{3}[/tex]
Hence,
The price will be = $5 + x = [tex]5 + \frac{17}{3}[/tex]
= $10.67
Using a cost chart, estimate the current purchased cost of a cast-steel centrifugal pump that requires 100 kW of power. What is the cost if the pump is made of 316 stainless steel?
Answer:
$94,500
Explanation:
Given the attached chart and table, we have
Purchased cost of cast-steel centrifugal pump that requires 100kw of power = $45,000
Cost if pump is made of 316 stainless steel = 2.1 * 45,000 = $94,500
Note: see the attached images.
Hope this helps!
The stock of Flop Industries is trading at "$37" You feel the stock price will decline, so you short 400 shares at an initial margin of 60 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call?
Answer:
$45.54
Explanation:
Given that,
Stock of Flop Industries is trading at $37
Initial margin = 60 percent (short 400 shares sale)
Maintenance margin = 30 percent
Amount received from short sale:
= shares short × Stock trading price
= 400 × $37
= $14,800
Initial deposit:
= Amount received from short sale × Initial margin
= $14,800 × 60%
= $8,880
Account value = Amount received from short sale + Initial deposit
= $14,800 + $8,880
= $23,680
Margin call price:
= Account value ÷ [short sale + (short shares sale × maintenance margin)]
= $23,680 ÷ [400 + (400 × 30%)]
= $23,680 ÷ (400 + 120)
= $23,680 ÷ 520
= $45.54
Comment on the statement that "Independence is not easily achieved where an auditor is hired, paid, and fired by the same corporate managers whose activities are the subject of the audit." Can you think of a way around this dilemma?
Answer:
Independence can be achieved by reporting to Board or its Audit Committee.
Explanation:
Independence of an auditor is key element in performance of audits. Reporting to the management whose activities are subject to audit creates threats to the independence of the auditor. As per the code of corporate governance, auditors should be reporting to the Board or its Audit Committee.
Maintaining auditor independence in situations where an auditor is hired by the management they audit is difficult due to potential conflicts of interest. Solutions include audit committees, rotation of audit firms, and fostering an ethical organizational culture. Additionally, external investors and government regulatory bodies serve as additional oversight mechanisms.
Explanation:It's indeed challenging to maintain auditor independence when the auditor is hired by the same corporate managers whose activities they audit. This scenario leads to a potential conflict of interest as the auditor might feel pressured to issue a favorable report to retain their employment. To deal with this dilemma, best practices and regulations, such as hiring auditors through an audit committee of the board of directors, who are elected by shareholders and have a duty to them rather than to corporate managers directly, may be implemented. Moreover, ensuring a rotation of audit firms as well as individual auditors can minimize familiarity risks.
In terms of overcoming ethical pressures, like the one mentioned in the mini-case study, auditors should stand firm on their ethical grounds and adhere to professional standards that prioritize accurate and honest reporting over managerial interests. Fostering a strong ethical culture within the organization that supports moral development and independence can also help mitigate such pressures.
In the larger scope of corporate governance, institutions such as external investors and government regulatory bodies also play a crucial role in monitoring the company's activities and providing additional layers of accountability.
Learn more about auditor independence here:https://brainly.com/question/32632603
#SPJ3
A company's beta (from the CAPM) is affected by its capital structure. a. True b. False
Answer:
True
Explanation:
We know that
Risk-free rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
where,
The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied.
Plus we know that the capital structure is composed of debt and equity. If the debt is increasing, the market risk is also increased, and therefore the volatility is also increasing.
The beta is the volatility which can affect due to market movements so it automatically affect the capital structure
Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,550 of direct materials, $6,990 of direct labor, and $10,146 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.90 per direct labor-hour.
During May, the following activity was recorded:
Raw materials (all direct materials):
Beginning balance $ 9,250
Purchased during the month $ 38,750
Used in production $ 40,050
Labor:
Direct labor-hours worked during the month 2,650
Direct labor cost incurred $ 25,260
Actual manufacturing overhead costs incurred $ 34,050
Inventories:
Raw materials, May 30 ?
Work in process, May 30 $ 17,132
Work in process inventory on May 30 contains $3,876 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.
The balance in the raw materials inventory account on May 30 was:
Answer:
The balance in the raw materials inventory account on May 30 was $ 7,950.
Explanation:
This question requires us to calculate the balance in the raw materials inventory account on May 30. The detail about inventory purchase during the period, inventory consumed in production and opening inventory balance is given in the problem. We can easily calculate closing balance using following equation.
opening inventory + purchase = closing balance + inventory cosumed
9,250 + 38,750 = closing balance + 40,050
closing balance = $ 7,950
You have found an asset with a 13.60 percent arithmetic average return and a 10.44 percent geometric return. Your observation period is 30 years. What is your best estimate of the return of the asset over the next 5 years? 10 years? 20 years?
Answer:
Return on assets = 10.87 %
Return on assets = 11.42%
Return on assets = 12.51 %
Explanation:
given data
arithmetic average return = 13.60 percent = 0.1360
geometric return = 10.44 percent = 0.1044
observation period N = 30 years
solution
we will use here Blume formula for return of the asset for 5 , 10 and 20 year
Return on assets = Arithmetic average return × (N - T) ÷ (N - 1) + Geometric average × (T - 1) ÷ (N - 1) ....................1
here N is observation period and t is time period i.e 5, 10 and 20
put here value for all 3 we get
Return on assets = [tex]\frac{5-1}{30-1}*0.1360 +\frac{30-5}{30-1}*0.1044[/tex]
Return on assets = 0.108759 = 10.87 %
and
Return on assets = [tex]\frac{10-1}{30-1}*0.1360 +\frac{30-10}{30-1}*0.1044[/tex]
Return on assets = 0.114207 = 11.42%
and
Return on assets = [tex]\frac{20-1}{30-1}*0.1360 +\frac{30-20}{30-1}*0.1044[/tex]
Return on assets = 0.125103 = 12.51 %
g For the most part, the 1st Amendment does not protect the right to join organizations. Group of answer choices True False
Answer:
True
Explanation:
The 1st Amendment does not protect the right to freedom of association.
Nathan has just begun his informative speech when jackhammers start making a racket in a nearby parking lot. This bothers both Nathan and the audience. The jack hammer noise is an example of a/an:
a. Environmental distraction
b. Noise pollution
c. Psychological problem
d. Active noise
Answer:
The correct answer is letter "B": Noise pollution.
Explanation:
Noise pollution refers to all sounds produced by man because of his daily activities that create discomfort or damage somehow the natural environment. The noise is causing the pollution comes from honking horns, motor vehicles, manufacturing plants, and construction works just to mention a few.