Answer:
Please see explanation
Explanation:
The following journal entry shall be recorded in the accounts of Weld-Rite Company in respect of salaries expense to be accrued as at December 31:
Debit Credit
Salaries expense $3,600
(6,000/5*3)
Salaries payable $3,600
Weld-Rite needs to record the wages incurred in December which accounts for $3,600, regardless of the actual payment date. This is done by dividing the weekly wages by 5 (to get daily wages) and then multiplying by the number of workdays in December.
Explanation:The business subject of this question is the journal entry of expenses for payroll. In accrual accounting, Weld-Rite needs to recognize the expenses as they are incurred, not when they are paid. Given that December 31 is a Wednesday and assuming Weld-Rite's workweek begins on Monday, the company had incurred three workdays' worth of wages by the end of December. To calculate the correct amount to record on December 31:
First, find the daily payroll by dividing the weekly amount by 5. In this case, $6,000 / 5 = $1,200 per day.Then, multiply the daily amount by the three workdays in December. In this case, $1,200 x 3 = $3,600.
Then, the journal entry on December 31 will be:
Debit Wage Expense $3,600
Credit Wage Payable $3,600
Learn more about Payroll Accounting here:https://brainly.com/question/36326697
When a company views and organizes its marketing activities from only the consumer's point of view, it is practicing societal marketing. Group of answer choices True False
Answer:
False.
Explanation:
Soceital marketing is the concept that marketing should not only consider the consumer's need for satisfaction and the companie's goal of maximising profit, but also societie's long term goals.
Soceital marketing is concerned with companies identifying the wants and needs of particular target maket, and providing products in such a way that the target market is satisfied. The well-being of the consumer and society at large is enhanced.
The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 million for 2018 and $955 million for 2017. The company’s accounts receivable turnover for 2018 is:A) 16.4 daysB) 20.5 timesC) 18.2 daysD) 18.2 timesE) None of the above
Answer:
D) 18.2 times
Explanation:
The accounts receivable turnover is determined by dividing the total credit revenues by the average receivables.
The average receivables is the sum of the opening and closing receivable balances divided by 2.
The average receivables is ( $ 1,189 + $ 955) / 2 = $ 1,072
The total revenues in the absence of other information is considered as credit sales.
Average receivables turnover = $ 19,548 / $ 1,072 = 18.24 times
Pace's regular wage rate is $13.78 per hour, and the regular workweek is 40 hours with five 8-hour days. Compute the following:
a. The hours worked each day. (Ignore the one-minute tardiness on Friday.) Enter any fraction of an hour as a decimal. For example 1 1/2 hours would be entered as 1.5. Monday 8 hours Tuesday 10 hours Wednesday 8 hours Thursday 10.5 hours Friday 9.5 hours Saturday 4 hours Sunday 4 hours
b. The total hours worked 54 hours
For (c)-(e), round overtime rate to two decimal places and round your answers to the nearest cent. Use the rounded amounts in subsequent computations.
c. The regular earnings $ 551.2
d. The overtime earnings $
e. The total earnings $ i cant find the last two.
Answer:
(a) 40 hours (b)54hours (c) $551.2 (d) $62.01 (e) $744.12
Explanation:
(a)To calculate hours worked each day, since the regular work week is 40 hours with five 8 hours day
= Monday to Friday 8 hours
= 8 × 5
= 40 hours
(b) To calculate the total hours worked , we will first convert to 24 hour clock, then subtract the starting time from ending time to obtain the total hours
Monday = 8 am - 4pm ( 16 - 8) = 8hours
Tuesday = 8am - 6pm ( 18 - 8) = 10 hours
Wednesday = 8am -4pm (16 - 8)= 8hours
Thursday = 8.30 am - 6pm (18.5 - 8) = 10.5 hours
Friday = 8am - 4.30pm ( 18 - 8.5) = 9.5 hours
Saturday = 8am - 12pm (18 - 14) = 4 hours
Sunday = 8am -12pm (18 - 14)= 4hours
Total hours worked = 8 + 10 + 8 + 10.5 + 9.5 + 4 + 4
= 54hours
(c) To calculate the regular earning
Hours worked × regular wage rate
= 40 × 13.78
= $551.2
(d) To calculate the overtime earning
Overtime is used to be paid at rate of time and a half, since overtime occurs on the following days
Tuesday = 10 hours(8 .5 - 10) = 1.5
Thursday = 10.5 hours (8.5 - 10.5) = 2.0
Friday = 9.5 hours (8.5 - 9.5) = 1.0
Overtime hour × regular wage rate
Tuesday = 1.5 × 13.78 = $20.67
Thursday = 2.0 × 13.78 = $27.56
Friday = 1.0 × 13.78 = $13.78
Total overtime earning = 20.67 + 27.56 + 13.78
=$62.01
(e) The total earning
= hours worked × Total hours worked per week
= 54 × 13.78
=$744.12
Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assuming its average tax rate is 30 percent, what is the company's estimated times-interest-earned ratio?
Answer:
TIE = 4,985.71
Explanation:
[tex]TIE = \frac{EBIT}{interest \: expense}[/tex]
net income / (1 - tax-rate) = Earnings before taxes
3,000 / 0.7 = 4,285.71
Earnigns before taxes + interest = EBIT (earnings before interest and taxes)
4,285.71 + 700 = 4,985.71
Manufacturer's Inc company's estimated times-interest-earned ratio is 7 times, assuming its average tax rate is 30% and fixed interest charges are $700.
What is the Time-Interest-Earned ratio?The Times-interest-earned ratio is a valuable measure for determining a company's ability to repay the interest imposed on any sort of borrowing. A high ratio implies that the company's earnings are sufficient to repay its debt obligations.
Time-Interest-Earned ratio = [tex]\dfrac{\rm\,EBIT}{\rm\,Interest\,Charges}[/tex]
Given that the net income is $3,000 which includes the interest charges and tax expense deductions. So, to get Earnings before Interest and Taxes we have to add back interest charges and tax expenses.
[tex]\rm\,EBIT = \rm\,Net \,income + Interest\,Charges + Taxes= \$3,000 + \$700 + \$1286= \$ 4,986[/tex]
= [tex]\rm\,Times\, Interest\,Earned\,ratio =\\\\ \dfrac{\rm\,EBIT}{\rm\,Interest\,Charges}\\\\= \dfrac{\rm \$\,4,986}{\rm\$700}\\\\ = \rm\,7\,times[/tex]
Hence, the manufacturer's Inc company's estimated times-interest-earned ratio is 7 times.
To learn more about the times- interest earned ratio, refer to the link:
https://brainly.com/question/6480565
Culture makes organizations feel different from one another. Different companies, even companies in the same industry, just do things differently. You can experience this for yourself by going to two local supermarkets—one a part of a large chain and the other locally owned. Look around you. Does someone offer to help you when you walk in the door? Do the employees seem happier at one location compared to the other? Do people wear uniforms at one place but not at the other? All of these things can give you clues about the company’s culture.
Organizational culture includes values, visions, norms, and interactions among employees and is observed through company policies and employee behaviors. Subcultures within an organization may influence employee commitment and the overall culture is shaped by both observable practices and deeper values and assumptions. Understanding a company's culture is crucial for aligning employee experiences with their expectations.
Organizational culture is the set of shared values, norms, and practices that dictate how things are done within an organization. It encompasses various elements including the company policies, employee interactions, reward systems, and other observable characteristics. Learning and understanding an organization's culture often starts with observing its artifacts, however, a deeper understanding requires an insight into the values and assumptions that drive employee behaviors and decision-making processes.
Companies may also have different subcultures depending on departments or geographic locations, which can influence employees' commitment and attitudes toward the organization. The industry context can affect the organizational culture but does not determine it completely. Practices like dress codes, communication styles, and openness to questioning authority can vastly vary from one organization to another, which in turn affects the overall company culture.
Different organizations may have rules and policies that signal their culture. For instance, companies extending benefits to part-time workers signal that they value work-life balance and employee well-being. An organization’s culture is a critical aspect for potential employees to consider as it shapes their experience and aligns with their personal values and work preferences.
suppose the quarterly (90-day) interest rate in the us is 2.5% and it is 4% in canada. if the $/cd spot exchange rate is $0.80/cd and the 90-day forward exchange rate between us and canadian dollars is $0.79/cd , does the interest rate parity (irp) hold? why or why not? if it does not hold, what is the direction of the capital flow?
Answer:
interest rate parity
(0.8/1) * (1.4*3/12)/(1.25*3/12) = 0.8
Hence It is proved that interest rate parity does not hold because the vale of forward contract is $0.79/CD.
The Play House's December 31, 2013, balance sheet showed net fixed assets of $1,238,000 and the December 31, 2014, balance sheet showed net fixed assets of $1,416,000. The company's 2014 income statement showed a depreciation expense of $214,600. What was the firm's net capital spending for 2014
Answer:
$392,600
Explanation:
Given that,
On December 31, 2013, balance sheet showed net fixed assets = $1,238,000
December 31, 2014, balance sheet showed net fixed assets = $1,416,000
Depreciation expense 2014 = $214,600
Firm's net capital spending for 2014:
= Net fixed assets on December 31, 2014 - Net fixed assets on December 31, 2013 + 2014 Depreciation expense
= $1,416,000 - $1,238,000 + $214,600
= $392,600
Therefore, the firm's net capital spending for 2014 is $392,600.
Marketing of the cochlear device was hampered by concerns about Select one: a. government funding b. safety and efficacy. c. safety d. weight
Answer: The correct answer is b) safety and efficacy.
Explanation:
A cochlear implant is a small, complex electronic device that can help to provide a sense of sound to a person who has lost hearing.
Although improvement to hearing have been recorded over time but it does not negate the fact that cochlear implant is a life long commitment. As such, the safety and efficacy of the device is a concern.
In appellate procedures, each party files a(n) _____ that contains a short description of a case, a factual summary, legal points and authorities, and arguments for reversing or affirming a lower court decision.
a. affidavit
b. caucus
c. brief
d. deposition
e. motion
Answer:
The correct answer is letter "C": brief.
Explanation:
An appellant's brief is a legal document one of the parties of a trial may submit to change the decision taken by a Court. Just like its name indicates, it is a summarized statement used by the appellant to expose the reason why they believe the decision concluded by the Court is incorrect.
The correct answer is (c) Brief. In appellate procedures, each party files a brief that contains a short summary and legal points and arguments for either reversing or affirming a lower court's decision.
Explanation:In appellate procedures, each party submits a brief. This document contains a short description of the case, a factual summary, legal points and authorities, and arguments for reversing or affirming a lower court decision. The option (c) 'brief' is correct. An affidavit (option a) is a sworn written statement of fact, while a caucus (option b) is a meeting of party members. A deposition (option d) refers to the formal statement of a witness, and a motion (option e) is a procedural step taken to decide an issue in a lawsuit.
Learn more about appellate procedures here:https://brainly.com/question/34803984
#SPJ3
Suppose that Spain and Austria both produce fish and olives. Spain's opportunity cost of producing a crate of olives is 5 pounds of fish while Austria's opportunity cost of producing a crate of olives is 10 pounds of fish. By comparing the opportunity cost of producing olives in the two countries, you can tell thatSpain has a comparative advantage in the production of olives andAustria has a comparative advantage in the production of fish. Suppose that Spain and Austria consider trading olives and fish with each other. Spain can gain from specialization and trade as long as it receives more than5 pounds of fish for each crate of olives it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than1/5 crate of olives for each pound of fish it exports to Spain. Based on your answer to the last question, which of the following prices of trade (that is, price of olives in terms of fish) would allow both Austria and Spain to gain from trade
12 pounds of fish per crate of olives
2 pounds of fish per crate of olives
9 pounds of fish per crate of olives
6 pounds of fish per crate of olives
Answer:
Spain has a comparative advantage in the production of olives and;
Austria has a comparative advantage in the production of fish
9 pounds of fish per crate of olives (being more favorable to Spain)
6 pounds of fish per crate of olives (being more favorable to Austria)
Explanation:
Spain renounce to 5 pounds of fish to produce olives while Austria to 10
threfore is much better in competitive term for Spain as the opportunity cost is lower
The opposite is true for Autria regarding fish production. is better producing that as renounce to less olives than Spain
Austria will sale above purchase olive for less than 10
while Spain will sale for more than 5
Given this requirement there are two options which allow for trade and generate gain for both countries.
In international trade involving Spain and Austria, the best price of trade, or 'exchange rate', that benefits both countries is '6 pounds of fish per crate of olives'. This accounts for both nations' opportunity costs while ensuring mutual benefits.
Explanation:Based on the given opportunity costs, Spain has a comparative advantage in producing olives and Austria has a comparative advantage in producing fish. The opportunity cost for Spain to produce one crate of olives is 5 pounds of fish while for Austria it is 10 pounds of fish.
For the trade to be beneficial to both countries, Spain needs to receive more than 5 pounds of fish for each crate of olives it exports to Austria. Similarly, Austria needs to receive more than 1/5 crate of olives for each pound of fish it exports to Spain. So, analyzing the four options, the price of trade that would benefit both countries is '6 pounds of fish per crate of olives'.
This is more than Spain’s opportunity cost of 5 pounds of fish but less than Austria’s opportunity cost of 10 pounds of fish, making it a beneficial trade scenario for both countries.
Learn more about International Trade here:https://brainly.com/question/34963723
#SPJ3
"Prepare a forecasted statement of cash flows for 2017 using the indirect method. Assume the following:• Operating expenses for 2017 (such as general and administrative) include depreciation and amor-tization expense of $522 million.• The company did not dispose of or write-down any long-term assets during the year.• The company paid dividends of $159 million in 2017."
Answer:
The question is not complete.As it is the practice cash flows statement is usually prepared from income statement and statement of financial position(balance sheet)
Find in the attached excel file the income statement and the balance sheet that complements the question as well as the requirement to prepare a cash flow statement
Explanation:
Note the closing cash and cash equivalents is $206m which equals the cash and cash equivalents on the balance sheet.
Indicate the effect each account has on retained earnings. (increase, decrease, or no effect)
a)advertising expense
b)Service revenue
c) Insurance expense
d) Salaries & Wages Expense
e) Dividends
f) Rent revenue
g) Utilities Expense
Answer:
Decrease:
a)advertising expense
c) Insurance expense
d) Salaries & Wages Expense
g) Utilities Expens
Descrease:
e) Dividends
Increase:
b)Service revenue
f) Rent revenue
Explanation:
The retained earnings accumulates the net income of every year.
As net income is determinate like:
revenues - expense = gross profit
expense will make this difference lower and therefore not beign able to help you These are the changes for:
adv expense
service revenue
insurance exepense salaries and wages
Dividends will also decrease RE as they represent a disribution of the accumualted earnings in favor of the stockholders
Finally revenues increase it as they make net income to increase as well.
Revenues increase retained earnings while expenses and dividends decrease them. The accounts in the question are either expense or revenue accounts, hence they either increase or decrease retained earnings respectively.
Explanation:Retained earnings represent the cumulative net income of a company that is retained by the company after the distribution of dividends to shareholders. Each account has a different effect on retained earnings:
Advertising Expense: This is an expense account and would decrease retained earnings.Service Revenue: This is a revenue account and would increase retained earnings.Insurance Expense: Being an expense account, it would decrease retained earnings.Salaries & Wages Expense: This is an expense account and thus would decrease retained earnings.Dividends: Dividends are paid out of retained earnings and therefore decrease these earnings.Rent Revenue: As a revenue account, this would increase retained earnings.Utilities Expense: This is an expense account, leading to a decrease in retained earnings.It's important to understand that revenue accounts increase retained earnings while expense accounts and dividends decrease it. This is because retained earnings are part of equity, which is determined by the formula: Equity = Assets - Liabilities. Revenues increase equity, while expenses and dividends reduce it.
Learn more about Retained Earnings here:https://brainly.com/question/33501693
#SPJ3
Actionable intelligence is the primary goal of modern- day Business Intelligence (BI) systems vs. historical reporting that characterized Management Information Systems (MIS). True False
Answer:
True
Explanation:
Info that may be monitored is actionable intelligence which also involves undertaking a tactical Plan to make the most of the data that is collected.BI (Business Intelligence) is a series of processes, architectures and innovations which transmutes raw data into useful information which promotes lucrative business activities. This is a services and software bundle to turn data to actionable intelligence.
Answer:
True
Explanation:
Management Information Systems (MIS) is a computerized based management system which is used to coordinate, control, analysis, and visualize information in an organization and to also make financial decision by organizing and programming the system in such that it produces reports regularly for effective management of an organization. In doing these analysis and coordination tasks, it involves business Intelligence (BI) systems and historical reporting of the company.
An RR sold shares of new stock issue of ABC Corp. to a customer at $20 per share. After a week, ABC is selling at $10. The RR offers to buy the shares from the customer at $20. Which is correct?
Answer:
It is a violation of NASD rules against guaranteeing a customer against loss.
Explanation:
In this case the RR is guaranteeing the customer against loss. The customer initially bought the shares for $20 the new price is $10. The RR now coming in to buy the shares above market value is a way to guarantee the customer against loss, and its a NASD violation.
Assume that Japan and Korea each has 2400 hours available. Originally, each country divided its time equally between the production of cars and airplanes. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of cars increased by a. 80. b. 40. c. 16. d. 64.
Answer: The answer is b
Explanation:
Since 60minutes = 1 hour
2400 ÷ 60
= 40
The total output of cars increased by 40
The law of comparative advantage states that a country will specialise in producing commodities in which the country has greatest comparative advantage. Therefore a country will produce for export those commodities she can produce cheaply than other countries.
Final answer:
This economic question explores the concept of comparative advantage in the production of cars and airplanes after reallocating resources. An increase in output is expected, but a specific answer cannot be provided without productivity rates.
Explanation:
The question deals with the economic concept of comparative advantage, a core idea in international trade theory. Countries with equal hours available for production allocate their time to produce cars and airplanes based on their comparative advantages. Once both Japan and Korea shift to exclusively producing the good for which they have a comparative advantage, we expect an increase in total output for these goods. Without specific productivity rates provided for car and airplane production in both countries, the exact numerical answer can't be determined from the given information.
Explain how each of the following transactions generates two entries—a credit and a debit—in the American balance of payments accounts, and describe how each entry would be classified: a. An American buys a share of German stock, paying by writing a check on an account with a Swiss bank. b. An American buys a share of German stock, paying the seller with a check on an American bank. c. The French government carries out an official foreign exchange intervention in which it uses dollars held in an American bank to buy French currency from its citizens. d. A tourist from Detroit buys a meal at an expensive restaurant in Lyons, France, paying with a traveler's check. e. A California winegrower contributes a case of cabernet sauvignon for a London wine tasting. f. A U.S.-owned factory in Britain uses local earnings to buy additional machinery.
The balance of payments records transactions including credit and debit entries for various international exchanges involving services, goods, financial instruments, and unilateral transfers. These transactions illustrate economic activities that impact the trade balance, current account, and financial accounts, demonstrating the complexity of international finance.
Explanation:The balance of payments is a record of all transactions made between entities in one country and the rest of the world over a specific period. Each transaction results in a credit and a debit in the balance of payments accounts. Here's how the given transactions generate entries in the American balance of payments accounts:
An American buys a share of German stock, paying by writing a check on an account with a Swiss bank: Debit in the financial account (capital outflow as the payment goes out), and credit in the balance of payments (a reduction in U.S. liabilities, as the Swiss bank account is debited).An American buys a share of German stock, paying the seller with a check on an American bank: Debit in the financial account (capital outflow to Germany), and credit in the U.S. bank liabilities (as the bank's assets are reduced).The French government carries out an official foreign exchange intervention using dollars held in an American bank to buy French currency: Debit in the reserve assets of the U.S. (use of U.S. currency reserves), and credit in the financial account (decrease in foreign holdings of the dollar).A tourist from Detroit pays for a meal in France with a traveler's check: Debit in the current account (service import - the meal), and credit in the financial account (decrease in foreign liability as the traveler's check is used).A California winegrower donates wine for a London tasting: Debit in the current account (goods export without a financial counterentry, is treated as a gift), and credit in unilateral transfers (as it is a gift to the U.K.).A U.S.-owned factory in Britain uses local earnings to buy additional machinery: Debit in the financial account (investment abroad), and credit in the firm's reinvestment (earnings not repatriated).These transactions reflect economic activities that affect the trade balance, the current account, and financial accounts differently, showing the intricacies of international financial flows.
The balance of payments accounts record all economic transactions between residents of a country and the rest of the world over a specific period.
These transactions are categorized into two main accounts: the current account, which includes trade in goods and services, income receipts and payments, and unilateral transfers; and the capital account, which includes capital transfers and the acquisition and disposal of non-produced, non-financial assets. Each transaction has two entries: a credit (an increase in foreign exchange receipts or a decrease in payments) and a debit (an increase in foreign exchange payments or a decrease in receipts).
a. An American buys a share of German stock, paying by writing a check on an account with a Swiss bank.
- Credit: The purchase of foreign stock is a capital outflow and is recorded as a debit in the capital account.
- Debit: The payment for the stock from a Swiss bank account is a financial outflow and is recorded as a credit in the financial account.
b. An American buys a share of German stock, paying the seller with a check on an American bank.
- Credit: This is also a capital outflow (debit in the capital account) as in (a).
- Debit: The payment from an American bank account does not affect the foreign exchange position and is not recorded in the balance of payments.
c. The French government carries out an official foreign exchange intervention in which it uses dollars held in an American bank to buy French currency from its citizens.
- Credit: The French government's purchase of its own currency using dollars is a reserve asset (an increase in official reserve assets is a credit in the financial account).
- Debit: The dollars used in the transaction are a decrease in liabilities to foreign official institutions and are recorded as a debit in the financial account.
d. A tourist from Detroit buys a meal at an expensive restaurant in Lyons, France, paying with a traveler's check.
- Credit: The purchase of a service (meal) by a foreigner in the home country is an export of services (credit in the current account).
- Debit: The payment for the meal with a traveler's check is a decrease in foreign exchange reserves or an increase in liabilities and is recorded as a debit in the financial account.
e. A California winegrower contributes a case of cabernet sauvignon for a London wine tasting.
- Credit: The contribution of wine is considered an export of goods (credit in the current account).
- Debit: There is no direct payment, but the value of the wine is recorded as a debit in the current account, offsetting the credit for the export.
f. A U.S.-owned factory in Britain uses local earnings to buy additional machinery.
- Credit: The purchase of machinery by a foreign subsidiary using local earnings is a direct investment (credit in the financial account).
- Debit: The expenditure on machinery is also a direct investment (debit in the financial account), but since it is financed with local earnings, it does not affect the balance of payments.
In summary, each transaction involves both a credit and a debit entry in the balance of payments, and these entries are classified according to the nature of the transaction, whether it affects the current account, capital account, or financial account.
Siamtop Inc. offers a 15-year coupon bond with semiannual payments. The yield to maturity is 7.34 percent and the bonds sell at 96 percent of par. What is the coupon rate?
A. 6.90 percent
B. 5.80 percent
C. 6.40 percent
D. 7.50 percent
Answer:
A. 6.90 percent
Explanation:
Yield to maturity = [Annual Interest + (Par value - Market Value)/ no of year to Maturity ] / [(Par value - Market Value)/2]
0.0734 = [ Annual Interest + ( 100% - 96% ) / 15 ] / [ (100% + 98% ) / 2]
0.0734 = [ Annual Interest + ( 1.00 - 0.96 ) / 15 ] / [ (1.00 + 0.98 ) / 2]
0.0734 = [ Annual Interest + ( 0.04 ) / 15 ] / [ 1.98 / 2]
0.0734 = [ Annual Interest + 0.0027 ] / 0.99
0.0734 x 0.99 = Annual Interest + 0.0027
0.072666 - 0.0027 = Annual Interest
Annual Interest = 0.069966 = 7% (Rounded off)
1 Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in the company in exchange for common stock. 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $910 cash. 20 The company received $3,631 cash in photography fees earned. 31 The company paid $705 cash for August utilities. Prepare an August 31 trial balance for Pose-for-Pics.
Answer:
Trial Balance
Account DEBIT CREDIT
Cash 6,416** -
Account Receivable
Prepaid Insurance 2,400 -
Supplies 910
Equipment 33800
Common Stock 40600*
photography fees 3631
utilities expense 705
TOTAL 44,231 44,231
Explanation:
*Common stock:
6,800 cash + 33,800 equipment = 40,600 total investment
**to calculate cash we need to do a T account
CASH
DEBIT CREDIT
6800
2400
910
3631
705
10,431 4,015
BAL: 6,416
The rest of the account are just used once so we do't have to do T-accounts to keep track of them
At the beginning of the video, Priya ends her presentation by asking her colleagues to imagine "a world where you never have to wait in line for your groceries again!" What stage of Lewin’s Change Model is Priya exhibiting?
Kurt Lewin developed a change model that talks about creating a perception in the mind of the people that a change is needed,then taking adequate steps to bring about that change and then standardizing the new mindset .
Explanation:
Priya is exhibiting the First stage (Unfreezing)of Kurt Lewin change model.
There are three stages of Kurt Lewin Model:
Unfreezing:This stage talks about changing the mindset of the people by helping them understand why change is requiredChanging:Taking appropriate steps to bring about the change.In this stage people resist the change because they are in a state of confusion and are very unsure about the change.Freezing:This stage involves freezing the changes that have taken place.A stage where the changes have been standardizedIn the Beginning of the video Priya is talking about bringing the change ,by asking the colleagues to imagine "a world where you never have to wait in line for your groceries again!"
What is the present value of the following series of payments: $300 made at the end of every year starting in year 1 and ending in year 30 EXCEPT there will be no payment of any kind at the end of year 10? Interest is 7% annual rate compounded annually..
Answer:u are a wierdo mister
Explanation:u dont need brainly
JK
The operations manager for the Blue Moon Brewing Co. produces two beers: Lite (L) and Dark (D). He can only get 675 gallons of malt extract per day for brewing and his brewing hours are limited to 8 hours per day. To produce a keg of Lite beer requires 2 minutes of time and 5 gallons of malt extract. Each keg of Dark beer needs 4 minutes of time and 3 gallons of malt extract. Profits for Lite beer are $3.00 per keg and profits for Dark beer are $2.00 per keg. The breweryâs goal is to maximize profits.
1. What is the time constraints?
Answer:
2L + 4D = 480 {L = Lite Bear, D = Dark Bear, 480 = minutes in 8 hours}
Explanation:
The function to be maximised :
Profit Function = Price x Quantity (of Lite & Dark Bears) = 3L + 2D ; where-
L = Lite Bear, D = Dark Bear
Constraint 1 [Time Constraint] :- 2L + 4D = 480 ; where-
L = Lite Bear, D = Dark Bear, 480 = minutes in 8 hours
2 = minutes required per unit Lite Bear, 4 = minutes required per unit Lite Bear, 480 = minutes in total 8 hours (8x60) {∵1hr = 60mins}
Similarly, Constraint 2 [Malt Extract Constraint] :- 5L + 3D = 675
The time constraints for the Blue Moon Brewing Co.'s brewing operations are set at 480 minutes or 8 hours per day. Lite beer requires 2 minutes per keg and Dark beer needs 4 minutes per keg.
Explanation:The time constraint in this case is determined by the available brewing hours and the amount of time it takes to produce each type of beer. From the given, the operations manager of Blue Moon Brewing Co. has 8 hours per day for brewing beer. Converted to minutes, this equals 480 minutes (8 hours x 60 minutes/hour). To produce a keg of Lite beer requires 2 minutes and each keg of Dark beer takes 4 minutes. Therefore, to maximize profits the brewing should not exceed 480 minutes per day using the optimal combination of brewing Lite and Dark beer.
Learn more about Time Constraint here:https://brainly.com/question/31410075
#SPJ3
With the passage of Title VII of the Civil Rights Act of 1964, the Reconstruction Civil Rights Acts were no longer available as a means to pursue a claim of discrimination based on race.
a. True
b. False
Answer: B. False
Explanation: The Reconstruction Civil Rights Acts prohibits discrimination in making and enforcing contracts; prohibits the denial of civil rights by someone behaving as if they are acting on behalf of the government (under-color-of-state law); and prohibit concerted activity to deny someone their rights, based on race. Sections 1981 and 1983 of the Reconstruction Civil Rights Acts are the laws most frequently applied in the employment setting if a claim is not brought forth using Title VII. Though Title VII as part of a comprehensive statutory scheme to prohibit race and other discrimination, is the preferred method of enforcing employment discrimination claims.
The statement is false; Title VII of the Civil Rights Act of 1964 did not eliminate earlier Reconstruction Civil Rights Acts but rather added to the protections against employment discrimination.
Explanation:The statement that "With the passage of Title VII of the Civil Rights Act of 1964, the Reconstruction Civil Rights Acts were no longer available as a means to pursue a claim of discrimination based on race" is false. Title VII of the Civil Rights Act of 1964 added protections against discrimination in employment on the basis of race, color, national origin, religion, and sex, and it did not render the earlier Reconstruction Civil Rights Acts obsolete. Instead, it complemented and strengthened the existing laws that were put in place during the Reconstruction era, such as the Civil Rights Act of 1866 and the Civil Rights Act of 1875, which aimed to protect the rights of African Americans after the Civil War.
The earlier Civil Rights Acts, including those from the Reconstruction era, were designed to provide African Americans with a legal framework for civil rights and to combat discrimination. Although the effectiveness of these earlier acts was undermined over time due to various factors, including Supreme Court decisions that limited their scope, they were not repealed by the passage of Title VII and remained part of the legal landscape for addressing discrimination.
Splish Magazine sold 11,520 annual subscriptions on August 1, 2020, for $17 each. Prepare Splish August 1, 2020, journal entry and the December 31, 2020, annual adjusting entry, assuming the magazines are published and delivered monthly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer:
Date August 1st
cash 195,840 debit
unearned revenue 195,840 credit
--to record the subcription sale on August 1st--
Date December 31th
unearned revenue 81,600 debit
subscription revenue 81,600 credit
--to record accrued revenue at Dec 31th--
Explanation:
11,520 magazine subscriptions x $ 17 = $ 195,840
The subcription wil lbe unearned revenue at sale and reveneu will be recognize overtime as the earnings are accrued.
accrued from August 1 to Dec 20: 5 months
$ 195,840 x 5 months / 12 months = $ 81,600
Producer surplus is the difference between a. the market price and the minimum price a buyer is willing to pay b. the market price and the minimum price a seller is willing to accept. c. the maximum price a seller is willing to accept and the market price. d. the maximum price a buyer is willing to pay and the market price
Answer:
b. the market price and the minimum price a seller is willing to accept
Explanation:
The formula to find out the producer surplus is shown below:
Producer surplus = Market price - minimum price to sell the goods
It shows a difference between the market price and the minimum price for accepting the price
Let us take an example, the market price is $10 and the minimum price for accepting the price is $5
So, the producer surplus equal to
= $10 - $5
= $5
Match the following characteristic with the relevant project team organizational structures. A project manager leads personnel from different functional areas. Select one: a. Functional project b. Matrix project c. Pure project
Answer:
The correct answer is b. Matrix Project.
Explanation:
The correct answer to this question is matrix project. When project manager utilizes the skills and expertise of personnel from different functional areas within the organization, this is referred to as Matrix project. The different functional areas can include marketing, HR, Finance, Supply chain and others.
Suppose you short-sell 300 shares of XYZ stock at $30.19 with a commission charge of 0.5%. Supposing you pay commission charges for purchasing the security to cover the short-sale, how much profit have you made if you close the short-sale at a price of $29.87?
Answer:
$5.91
Explanation:
Data provided in the question:
Number of shares sold = 300
Selling price = $30.19
Commission charge = 0.5% = 0.005
Purchasing price = $29.87
Now,
Total selling price = 300 × $30.19
= $9057
Proceeds from selling =Total selling price - Commission
= $9057 - [0.005 × $9057 ]
= $9,011.715
Now
Purchasing price of the shares = 300 × $29.87 = $8,961
Total amount paid for purchasing
= Purchasing price of the shares + Commission
= $8,961 + [0.005 × $8,961 ]
= $8,961 + $44.805
= $9,005.805
Hence,
Profit = Proceeds from selling - Total amount paid for purchasing
= $9,011.715 - $9,005.805
= $5.91
The profit that you would make if you close the sale at this price is $5.9
The number of shares of the stock that was short sold = 300
charge of commission = 0.5%
The selling price = $30.19
The closing price = $29.87
The amount made = 300 x 30.19
= $9057
Gains made from the sale
= 9057 - [0.5% x 9057]
= 9057 - 45.285
= 9011.7
The closing price x number of shares
= 29.87 x 300
= 8961 dollars
Similarly,
8961 + [0.005 x 8961]
= 8961 + 44.805
= 9005.8
The difference = 9011.7 - 9005.8
= $5.9
In conclusion the amount of profit made is $5.9
Read more on stocks and shares here: https://brainly.com/question/25572872
Broward Manufacturing recently reported the following information: Net income $365,000 ROA 7% Interest expense $127,750 Accounts payable and accruals $1,050,000 Broward's tax rate is 40%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, while 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Do not round intermediate calculations. Round your answers to two decimal places.
Answer:
BEP = 14.11%
ROE = 14.6%
ROIC = 10.60%
Explanation:
Calculate its basic earning power (BEP)
The formula for BEP is
BEP = EBIT / Total Assets
To find Total Assets, we can use the ROA formula:
ROA = Net Income / Total Assets
7% = $365,000 / Total Assets
Total Assets = $365,000 / 7%
= $5,214,285.714
Now, we must find the EBIT, which means Earnigns Before Interest and Taxes.
We have a net income of $365,000. The tax rate is 40%. We solve the following formula to find the tax expense:
Tax Expense = $365,000 / ((1 - 40%) / 40%)
= $243,333.333
Now, we add the net income, the tax expense that we found above, and the interest expense:
EBIT = $365,000 + $243,333.333 + $127,750
= $736,083.333
Finally we can find the BEP:
BEP = $736,083.333 / $5,214,285.714
= 0.1411
= 14.11%
2) To find the return on equity, we must first find the common equity
Total Invested Capital = Total Assets - Accounts Payable and Accruals
= $5,214,285.714 - $1,050,000
= $4,164,285.714
Common Equity = Total Invested Capital x 60%
= $4,164,285.714 x 60%
= $2,498,571.428
Now we can solve for ROE
ROE = Net Income / Common Equity
= $365,000 / $2,498,571.428
= 0.1460
= 14.6%
3) To find the return on invested capital, we use this formula:
ROIC = EBIT(1 - T) / Total Invested Capital
= $736,083.333 (1 - 40%) / $4,164,285.714
= 0.1060
= 10.60%
Answer:(1) BEP = 0.12 (2) ROE = 0.09 (3) ROIC = 0.08
Explanation:
Since we are given 7% as ROA
Therefore to calculate total Asset
= Net income / ROA
= 365,000/ 0.07
= $5,214,285.71
To calculate tax expense
= Tax rate × Net income
= 40% × 365,000
= 0.4 × 365,000
= $146,000
EBIT = Net income + Tax expense + interest expense
= 365,000 + 146,000 + 127,750
=$638,750
BEP = EBIT/ Total Assets
= 638,750/5,214,285.17
=0.12
To calculate ROE
ROE = Net income / Shareholders Equity
To calculate shareholders Equity
=Total capital invested = Total Asset - Account payable
= 5,214,285.17 - 1,050,000
= $4,164,285.71
Common Equity = 4,164,285.71 × 60%
= $2,498,571.42
Debt = 4,164,285.71 × 40%
= 1,665,714.06
Shareholders Equity = Common Equity + Debt
= 2,498,571.42 + 1,665,714.06
=$4,164,285.48
ROE = Net income / Shareholders Equity
= 365,000/4,164,285.48
= 0.09
To calculate Return on invested capital
ROIC = Net income / Total invested capital
= 365,000/ 4,164,285.71
=0.08
On January 3, 2009, Acme Corp. owned a machine that had cost $300,000. The accumulated depreciation was $180,000, estimated salvage value was $18,000, and fair market value was $480,000. On January 4, 2009, this machine was irreparably damaged by Reed Corp. and became worthless. In October 2009, a court awarded damages of $480,000 against Reed in favor of Acme. At December 31, 2009, the final outcome of this case was awaiting appeal and was, therefore, uncertain. However, in the opinion of Acme's attorney, Reed's appeal will be denied. As of December 31, 2009, do we have a loss contingency, a gain contingency, or both? How should this be accounted for in the financial statements? Be sure to use the requirements of Codification Section 450 (FASB 5) to explain your answer.
Answer:
ASC 450-Accounting Standards codification (FASB 5) provides rules for acceptable accounting practices in relation to both loss and gain contingencies.
GAIN CONTINGENCY, but not loss contingency, is a matter of importance in the given cases. In the event of a favorable judgment on Acme, $480000 will be received which will be considered revenue because the total loss due to damage to the machinery has already been deducted from revenue on the basis of USGAAP.
LOSS CONTINGENCY is not the case. Because there is no damage or loss to REED and, in the event of an unfavorable outcome, Acme is not expected to pay for any damages, except for possible legal fees. In the case of an appeal brought by the opponent, the possibility of claiming legal expenses is very remote.
Following two point are important in deciding the application of the FASB 5
1. Acme had won the case in the lower court.
2. Amount of gain is quantifiable in the event of a favorable outcome.
As provided in the FASB 5, recognisation of such gain in financial statements leads to recognisation of future income and it is against the prudence concept of accountancy.
In view of all the issues, management is advised to disclose the amount of potential gain, but does not include income statement.
When Alex's income increased from $2,000 to $4,000, he increased his consumption of bagels from 6 to 10 a month and decreased his consumption of donuts from 15 to 9 a month. Calculate Alex's income elasticity of demand for bagels and donuts.
The Income Elasticity of Demand for bagels is 0.67, meaning Alex's consumption of bagels increases with income. On the other hand, the Income Elasticity of Demand for donuts is -0.4, indicating that as Alex's income increases, his consumption of donuts decreases.
Explanation:The subject of this question is the calculation of the Income Elasticity of Demand for bagels and donuts based on changes in Alex's income. The Income Elasticity of Demand measures the responsiveness of the quantity demanded for a good as a result of a change in income.
Now, let's calculate the Income Elasticity of Demand. The formula is: Income Elasticity of Demand = (% change in Quantity Demanded) / (% change in Income)
For bagels: Income Elasticity of Demand = ((10-6)/6) / ((4000-2000)/2000). That equals 0.67. Alex's consumption of bagels is income elastic because the Income Elasticity of Demand is greater than zero, meaning that as his income increases, he consumes more bagels.
For donuts: Income Elasticity of Demand = ((9-15)/15) / ((4000-2000)/2000) = -0.4. Alex's consumption of donuts is income inelastic because the Income Elasticity of Demand is less than zero, indicating that as his income increases, he consumes fewer donuts.
Learn more about Income Elasticity of Demand here:https://brainly.com/question/32813449
#SPJ3
Which of the following is a positive economic statement? A. Foreign citizens should not be allowed to work without a work visa. B. Due to a decrease in state funding, university tuition has risen. C. People should use public transportation more often. D. The government should ban diesel engines in automobiles.
Answer:
B. Due to a decrease in state funding, university tuition has risen
Explanation:
Positive economic statement - it is referred to as the statement that can be tested, validated on the basis of available evidence. A positive statement is used to explain different economic phenomena. The positive economic statement is totally based on fact while the normative statement is based on the value of judgment.
In the given question the correction option is B. This option describes the economic phenomena.