The transportation alternatives that Lisa consider should consider is one that is cheap and fits into her budget.
What is budget?It should be noted that a budget simply means an estimate of the income and expenses for a period of time.
In this case, the transportation alternatives that Lisa consider should consider is one that is cheap and fits into her budget.
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A-2-Z Design Services engaged in the following significant activities during the year: The company issued common stock for $250,000. Management expects to use the proceeds to purchase land next year. A new office building was purchased by issuing a $700,000 long-term note payable to the seller. A-2-Z acquired equipment from one of its suppliers. In exchange, A-2-Z offers to provide design services to its supplier over the next two years. The services are valued at $90,000. Determine the impact of each transaction on cash flows from investing and financing activities in the current year.
Answer:
The company issued common stock for $250,000. Management expects to use the proceeds to purchase land next year.
Cash flows from financing activities increased by $250,000. Cash flows from investing activities are not affected during this year (they should decrease next year).A new office building was purchased by issuing a $700,000 long-term note payable to the seller.
Cash flows from financing activities increased by $700,000. Cash flows from investing activities decrease by $700,000.A-2-Z acquired equipment from one of its suppliers. In exchange, A-2-Z offers to provide design services to its supplier over the next two years. The services are valued at $90,000.
Cash flows from financing and investing activities are not affected since this transaction is part of operating activities.Emersons is a chalk material that was released in the market over a century ago. Since the release, the company has had remarkable sales and Emersons has remained unchanged. However, over the last few years, sales of Emersons have been stagnant. Competitors have begun marking prices down, and increasing their advertising and sales promotions. Emersons is most likely in the ________ stage of the PLC.
a. decline
b. growth
c. incubation
d. maturity
e. introduction
Haya operates a car dealership, and she has been working to come up with ways to overcome the incredibly high competition her business faces. There are six other dealerships within a one-mile radius. So far, Haya has thought of doing a car giveaway event, adding extended warranties on every new car that is sold, or running advertisements through the mail. Haya is at which stage of the decision-making process?
Haya, who operates a car dealership with six other dealerships within a one-mile radius and is thinking of doing a car giveaway event, adding extending warranties, or running advertisements, is at the D. thinking up alternative solutions stage of the decision-making process.
What are the decision-making stages?The decision-making process in which a selection is made from alternative courses of action has about seven stages.
The stages of the decision-making process include:
Identifying the decision issueGathering relevant informationIdentifying the alternativesWeighing the evidence for each alternativeChoosing among the alternativesImplementation of choiceReviewing decision.Answer Options:A. evaluating the solution
B. identifying the problem
C. implementing the solution
D. thinking up alternative solutions
Thus, Haya, who operates a car dealership with six other dealerships within a one-mile radius and is thinking of doing a car giveaway event, adding extending warranties, or running advertisements, is at the D. thinking up alternative solutions stage of the decision-making process.
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Mahaley, Inc., manufactures and sells two products: Product Q9 and Product F0. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below:
Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours
Product Q9 970 9.7 9,409
Product F0 970 7.7 7,469
Total direct labor-hours 16,878
The direct labor rate is $23.50 per DLH. The direct materials cost per unit for each product is given below:
Direct material cost per units
Product Q9 $176.60
Product F0 $148.40
The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures and expected activity:
Activity Cost Pools Activity Measures Overhead Cost Product C1 Product M2 Total
Labor-related DLHs $558,452 7,200 7,700 14,900
Production orders orders 75,240 500 600 1,100
General factory MHs 886,410 4,400 4,600 9,000
$1,520,102
Required:
The overhead applied to each unit of Product C1 under activity-based costing is closest to:
a. $918.18 per unit.
b. $541.70 per unit.
c. $1,013.40 per unit.
d. $921.77 per unit.
Answer:
Results are below.
Explanation:
First, we need to calculate the predetermined overhead rate for each activity:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Labor-related= 558,452/14,900= $37.46 per direct labor hour
Production orders= 75,240/1,100= $68.4 per order
General factory= 886,410/9,000= $98.49 per machine-hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
C1:
Labor-related= 37.46*7,200= $269,712
Production orders= 68.4*500= $34,200
General factory= 98.49*4,400= $433,356
Total= $737,268
We weren't provided with information regarding the number of units of Product C1.
Describing Work Activities for Construction Carpenters
Click this link to view O'NET's Work Activities section for Construction Carpenters. Note that common activities are
listed toward the top, and less common activities are listed toward the bottom
According to O'NET, what are
common work activities performed by Construction Carpenters? Check all that apply.
inspecting equipment, structures, or material
writing computer programs to perform calculations
using knowledge of historical events and their effects on cultures
performing general physical activities
getting information
speaking and writing in a foreign language
Answer:
1.inspecting equipment, structures, or material
4.performing general physical activities
5.getting information
Answer:
The answers are 1. , 4. , 5.
Explanation:
Below are some tasks performed in Architecture and Construction jobs. Select the tasks that sound interesting or enjoyable to you.
1 performing simple manual labor outdoors(wrong) operating heavy equipment like bulldozers or forklifts (wrong) fixing things that are broken4 performing specialized technical tasks like electrical wiring5 performing inspections to ensure that safety regulations are followed(wrong) creating drawings and plans(wrong) supervising other workersEvaluate the key criteria and selection process to use when considering which international market to enter.Case study:McDonald’s
The main criteria for entering the international market must be related to the strategic analysis of the opportunity and competitiveness of a market.
What are McDonald's key success factors?According to recent data, the fast food chain is present in 119 countries and territories and contains 35,000 restaurants operating worldwide. Its success can be defined as the organization and standardization of products and services, combined with quality and speed.
Therefore, to be successful on a global scale, McDonald's also adapts to the local market, for example in India and Japan, whose hamburgers are adapted to satisfy cultural preferences.
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Kamper Company sells two products Big Z and Little Z. Current direct material and direct labor costs are detailed below. Next year, the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. Next year's overhead is estimated to be $485,000. The direct labor and direct materials costs are estimated to be consistent with the current year. Direct labor costs $30 per hour and the company expects to manufacture 42,000 units of Big Z and 19,000 units of Little Z next year.
Direct Material per Unit Direct Labor Dollars per Unit
Big Z $26 $19
Little Z $32 $10
What are the total estimated direct labor hours for this next year?
a. 63,900 total DLH.
b. 1,278,000 total DLH.
c. 362,500 total DLH.
d. 2,349,000 total DLH.
e. 1,640,500 total DLH.
Answer:
a. $63,900 total DLH
Explanation:
The total estimated direct labor hours for next year is calculated as;
From the above,
$30 = 1 hour,
Then
$1 = ? = (1 hour × 100/30)
But 60 minutes = 1 hour
= 60 × (100/30)%
= 60 × 3.3%
= 1.98 minutes
= 2.38 minutes
One unit of Big Z uses:
19 × 2.38 = 45.22 minutes
42,000 units = [42,000 × 45.22/60
= 31,654 hours
One unit of little Z uses:
10 × 2.38 = 23.8 minutes
19,000 units = [19,000 × 23.8]/60
= 7,536 hours
he Modigliani and Miller theories are based on several unrealistic assumptions about debt financing. In reality, there are costs, taxes, and other factors associated with debt financing. These costs or effects have led to several theories that explain the impact of these factors on the capital structure of a firm. Based on your understanding of the trade-off theory, what kind of firms are likely to use more leverage? Firms that have relatively higher business risk compared to other firms in their industry Firms that have relatively lower business risk compared to other firms in their industry
Answer: Firms that have relatively lower business risk compared to other firms in their industry
Explanation:
The trade-off theory of capital structure simply explains that companies or organizations chooses the amount of both equity finance and debt finance that they'll use while the costs and benefits are being taken into consideration. Businesses are usually financed using both equity and debt options.
The kind of firms are likely to use more leverage are firms that have relatively lower business risk compared to other firms in their industry. When a business is leveraged, this implies that such business or organization has borrowed money so as to buy an asset. Also, organizations can leverage through equity, and this can be done by raising money from the investors.
William and Charlotte Collins divorced in November of Year 1. William moved out and Charlotte remained in their house with their 10-month-old daughter, Autumn. Diana, Charlotte's mother, lived in the home and acted as Autumn's nanny for all of Year 1. William provided 70 percent off Autumn's support, Diana provided 20 percent, and Charlotte provided 10 percent. When the time came to file their tax returns for Year 1, William, Charlotte, and Diana each wanted to claim Autumn as a dependent. Their respective adjusted gross incomes for Year 1 were $50,000, $35,000, and $52,000. Who has priority to claim Autumn as a dependent
Answer:
Charlotte does indeed have a desire or priority.
Explanation:
Charlotte does have the primary responsibility of claiming Autumn as something of a completely reliant however if an infant seems to be a deserving youngest in the family of many groups, they provide precedence over through the children's grandparents. Enough that Charlotte but instead William have quite a personal opinion, nowadays and Autumn livelihoods to Charlotte, however, she has stayed longer to Autumn unlike Williams.So that Charlotte does having a desire.
What is the master plan of a construction project called?
Answer:
Project Scheduling is known as construction project.
Explanation:
please mark as brainlist answers
Read across from the Lease Type column and choose the answer choice which best represents the type of activities lease-related cash flows are reported as on the statement of cash flows by lessor and lessee: Lease Type Lessor Lessee a. Operating: Operating only Operating only Finance / Sales-Type: Operating only Both Operating and Financing b. Operating: Both Operating and Financing Both Operating and Financing Finance / Sales-Type: Operating only Both Operating and Financing c. Operating: Operating only Operating only Finance / Sales-Type: Operating only Financing only d. Operating: Both Operating and Financing Both Operating and Financing Finance / Sales-Type: Both Operating and Financing Operating only
Answer:
a. Operating: Operating only Operating only Finance / Sales-Type: Operating only Both Operating and Financing
Explanation:
In the operating activities of the cash flow statement both the lessor and lesse that deals in operating lease would come under this activity
While on the other hand in case of the finance or sales type, lessor comes in operating activity and for lessee it would be come in both the operating and financing
Hence, the correct option is a.
You run a small software development company that does all of its business exclusively through the Internet. You are considering outsourcing some of your more mundane development tasks to India. You have determined that the information infrastructure and human infrastructure in the country are definitely adequate for your needs, but the physical infrastructure is not. Is India still a viable country for outsourcing your mundane software development tasks?
a. No, India must have strong information and physical infrastructure, but human infrastructure is less important for it to be a viable option in this case.
b. No, India must have strong information and human infrastructure, but physical infrastructure is less important for it to be a viable option in this case.
c. No, India must have strong information, human, and physical infrastructure for it to be a viable option in this case.
d. No, India must have strong human and physical infrastructure, but information infrastructure is less important for it to be a viable option in this case.
In reference to whether India is a viable country for outsourcing, the answer is b. No, India must have strong information and human infrastructure, but physical infrastructure is less important for it to be a viable option in this case.
What is required for outsourcing?There are different requirements that would make a country viable for outsourcing and they depend on the type of business one does.
As the business here is done exclusively through the internet, good physical infrastructure is not really necessary but there must be strong informational and human infrastructure.
In conclusion, option B is correct.
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You have four items on your menu: a veggie sub for $7, a ham sub for $9, a turkey sub for $10, and a steak sub for $13. What is the median price of an item on your menu?
Answer:
$9.5
Explanation:
The median is the middle number in a data. The data has to be arranged in either ascending or descending order.
In the case, our data price, which is $7, $9, $10, and $13. The data is already arranged in ascending order.
7,9,10,13
The median will be the mean of 2nd and 3rd digit
=(9+10)2
=$9.5
The median price is $9.5
Answer:
b.. 9.50
Explanation:
In preparing a responsibility income statement that shows contribution margin and responsibility margin, two concepts are involved in allocating costs to the various centers. These concepts are: Group of answer choices Whether the costs are variable or fixed and whether they are material in dollar amount. Whether the costs are traceable to the responsibility center and whether the responsibility center is organized as a profit center or an investment center. Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center. Whether the costs are traceable to the responsibility center and whether they are material in dollar amount. None is correct.
Answer: Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.
Explanation:
The Responsibility Income Statement is one where the different centers in a business have their own sub income statement so that the activities of each center and their profitability is measured and monitored.
In this statement, costs are classified as Variable and Fixed so it is important that it is known whether the costs are variable or fixed.
As the statements are per center, the costs in them would have to be only those that are directly traceable to that center so that a truer reflection of the statements can be seen.
The P Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares each
valued at $1.50. The summary statement of the financial position of the subsidiary company immediately
following the acquisition is:
Fair value of assets acquired $2,640,000
Fair value of liabilities acquired $720,000
Total shareholders’ equity of the subsidiary company $800,000
Retained earnings of the subsidiary company $1,120,000
Required:
(a) Pass the necessary journal entry to record the acquisition (2 marks)
(b) Determine the amount of goodwill (or bargain purchase) arising out of the acquisition (2 marks)
(c) Pass the necessary consolidation entry to eliminate the subsidiary by the parent company (2 marks)
(d) Determine the amount of goodwill (or bargain purchase) arising out of the acquisition if the purchase
consideration paid was $1,000,000 cash and 400,000 shares each valued at $1.50 (1 marks)
Answer: See attachment
Explanation:
Check the attachment
For (a),
Common shares = $800,000 × 1.5
= $1,200,000
b. Fair value of assets = $2640000
Less: Fair value of liabilities = ($720000)
Net value of S. Ltd = $1920000
Purchase consideration = $220000
Goodwill on acquisition = $2,200,000 - $1,920,000 = $280,000
d. Fair value of assets acquired = $2,640,000
Less: fair value of liabilities acquired = ($720,000)
Net value of S. Ltd = $1,920,000
Purchase consideration = 1,000,000 + (400,000 × 1.5) = 1,000,000 + 600,000 = 1,600,000
Bargain purchase = $1,920,000 - $1,600,000 = $320,000
See attachment for further explanation
A purchasing consortium:
a. consists of two or more independent organizations that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
b. speeds up the purchasing process, but does not usually result in price concessions from suppliers.
c. results in price concessions from suppliers, but usually does not speed up the purchasing process.
d. consists of two or more divisions of the same organization that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
e. is a form of collaborative purchasing used only by the public sector to deliver a wider range of services at a lower total cost.
Answer:
a. consists of two or more independent organizations that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
Explanation:
A purchasing consortium consists of two or more independent organizations that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers. It is also known as group purchasing organization or cooperative purchasing and typically comprises of organizations sharing similar purchasing requirements or needs coming together in order to enhance their purchasing or bargaining power (capabilities) in the market.
The main purpose of a purchasing consortium is to provide a leverage for two or more independent organizations by reducing their purchasing costs when acquiring resources or materials required for the smooth operation of their business.
which of the following is not a likely reason for a change in project scope?
Scope changes are deviations in functionality, layout, quality, budget, timeline, responsibilities, or other aspects of a project. Typically, scope changes result from careful decisions from a project manager or stakeholder.
Scope change managementScope change management means after your initial project scope has been authorized, which is executed at the completion of your project charter phase, you must manage, control, and document any changes to your scope.
Therefore, any exception to the above is will not be a reason.
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It is unlawful for a person to act as a real estate agent unless such person is legally associated
with
Answer:
a licensed real estate broker
Explanation:
A "real estate agent" is a licensed individual who works by buying and selling properties. In order to practice this profession, he needs to associate himself that he's working under a brokerage.
The person can lawfully do his work as a real estate agent, provided that the real estate broker he's working for has a license. If the broker doesn't have a license, then it's considered illegal.
So to speak, the real estate agent functions like a salesperson.
Michelle runs a shop on Etsy. One month, she spends $2,800 to promote her shop on Etsy and other social media sites. In that month, she gains 50 new customers. What is her customer acquisition cost for that month?
Michelle's customer acquisition cost for the month is $56.
What is acquisition cost?An acquisition cost is the total cost that a company recognizes on its books for property or equipment after taken into consideration shipping, sales taxes, and customs fees.
Acquisition cost is computed as :
= Amount spent / New customers gained
= $2,800 / 50
= $56
Hence, Michelle's customer acquisition cost for the month is $56.
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HELP PLEASE!
Which of the following is NOT an example of
when people talk about taking out a loan?
A. Borrowing money from a bank to buy a car.
B. Getting a five year loan to purchase a car.
C. Any kind of bill that is paid in full each month.
D. Borrowing money and agreeing to pay back a little each month.
Answer: C.
Explanation: When you pay any bill, you don't borrow money, you give your own money to the company or whoever you are giving the money to.
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 660 units from beginning inventory, 230 from the February 10 purchase, 110 from the March 13 purchase, 110 from the August 21 purchase, and 335 from the September 5 purchase. [9:17 PM] Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 660 units from beginning inventory, 230 from the February 10 purchase, 110 from the March 13 purchase, 110 from the August 21 purchase, and 335 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.)
Answer:
cost assigned to ending inventory under:
FIFO = $108,530 - $85,045 = $23,485
LIFO = $108,530 - $85,430 = $23,100
weighted average = $108,530 - $85,697 = $22,833
specific identification = $108,530 - $85,245 = $23,285
Explanation:
the inventory records are missing, so I looked for a similar question:
first we should calculate COGS:
under FIFO
March 15 sales = (660 x $60) + (55 x $57) = $42,735
September 10 sales = (275 x $57) + (110 x $45) + (160 x $65) + (185 x $61) = $42,310
total = $85,045
under LIFO
March 15 sales = (110 x $45) + (330 x $57) + (275 x $60) = $40,260
September 10 sales = (570 x $61) + (160 x $65) = $45,170
total = $85,430
under weighted average
March 15 sales = 715 x ($108,530 / 1,830) = $42,404
September 10 sales = 730 x ( / 1,830) = $43,293
total = $85,697
under specific identification
(660 x $60) + (230 x $57) + (110 x $45) + (110 x $65) + (335 x $61) = $85,245
Analyzing and Anticipating the Audience In the business world, you must be able to create effective messages. Using a writing process will help you to develop the necessary skills and to write more confidently. To begin, you must determine the purpose of your message. Read the message, and then complete the following sentences. Akihabara Imports offers the widest selection of Japanese animation products available on the Internet. All products are shipped with certificates of authenticity. Choose from our vast selection of action figures, collectibles, DVDs, and print books. Items noted with an (*) are signed by the original author. Some supplies are limited, so act now! Use our secure online form for immediate purchase, or call our operators at 555.555.5555, 24 hours a day, 7 days a week.
This message is designed to inform or persuade . Specifically, the primary purpose of this message is to Track an order or sell animation products or provide customer service or respond to a complaint . The secondary purpose of this message is to provide customer service or offer a refund or build goodwill with the customer .
Once you have identified the purpose of your message, the next step is to anticipate and profile your audience.
Required:
a. Which are appropriate questions to ask when profiling your audience? Check all that apply.
b. How will the audience react to my message?
c. What format should I use?
d. How much does the audience know about my topic?
e. What do I know about the audience’s education, beliefs, culture, and attitudes?
f. Do I care about my audience’s weekend plans?
Answer and Explanation:
1. To persuade
To sell animation products
To build goodwill with customers
The message is meant to persuade as it tailors the message and provides information in a certain manner to make the customer buy. The primary purpose is sell while also building goodwill(secondary purpose)
2. Audience profiling entails knowimg your target market by understanding them in terms of buying behaviour, pattern. Hence the questions :
What do I know about the audience’s education, beliefs, culture, and attitudes?
How much does the audience know about my topic?
How will audience react to my message ?
3. Give more specific information, including dates
This is important since message is being forwarded to legal team and supervisor. this will be a form of evidence and be used for further investigation
4. Videoconferencing which is lean medium
This is important here because there will be a lot of word exchange and likely lengthy conversation therefore messaging platforms are not necessary here
In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the “Total raw materials available” is computed by adding together the “Beginning raw materials inventory” and:
Answer:
Material Purchased in the Period
Explanation:
The costs of goods sold, abbreviated as COGS, represents the direct costs incurred in manufacturing products meant for sale in a particular period. The direct cost includes material, labor, and overheads incurred in manufacturing or purchasing products sold in that period.
The formula for calculating COGS
COGS = opening inventory + purchases -ending inventory
Adding opening inventory and purchases results in the total quantity available for sale in the period.
If there is a 30,000 average Service Cost in marketing services, with a 70% Cost Increase and 60% of client Payment for services upfront in addition to advantages of City, the predicted annual earnings for the firm are: _______
The predicted annual earnings of the marketing services will be $44990.64.
How to calculate the predicted annual earnings?From the complete information, y will be:
= 10833.83 + 0.4044X1 + 185.6734X2 + 150.975X3
X1 = 30000, X2 = 70, X3 = 60
Therefore, we will put the values of the variable into the equation.
= 10833.83 + 0.4044(30000) + 185.6734(70) + 150.975(60)
= 44990.64
In conclusion, the predicted annual earnings is $44990.64.
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BANK STATEMENT Checks Deposits Other Balance Balance, May 1 $ 17,000 May 2 $ 7,000 24,000 May 5 #301 $ 10,000 14,000 May 7 #302 5,200 8,800 May 8 9,000 17,800 May 14 #303 460 17,340 May 17 Interest $ 100 17,440 May 22 NSF check 240 17,200 May 27 #304 4,200 13,000 May 31 Service charge 60 12,940 Balance, May 31 12,940 Cash (A) May 1 Balance 17,000 May 1 7,000 10,000 #301 May 2 May 7 9,000 5,200 #302 May 4 May 29 5,200 460 #303 May 11 4,200 #304 May 23 900 #305 May 29 May 31 Balance 17,440 PA5-2 Part 3 After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? Next
Answer:
Adjusted Cash balance: $17,240
Explanation:
The cash balance will be affected by the unknow information of the bank statement:
Cash May 31 Balance $17,440
Adjustment:
May 17 Interest $ 100
May 22 NSF check $ 240
May 31 Service charge $ 60
The interest will increase the cash balance
The non-sufficient-fund check we deposit is going to reduce our balance as the check wasn't cleared.
The service Charge for the bank for using their services will also decrease the cash balance:
Cash Ledger
DEBIT CREDIT
Unadj 17,440
interest 100
NSF check 240
service 60
Adj 17,240
Barrios Communications is a provider of satellite television services. It will install a satellite dish free of charge for any customer that agrees to a one-year service contract at a price of $50 per month. Installation costs Barrios $150. Customers typically remain with Barrios for much longer than the one year required, an average of 10 years (i.e., 9 years beyond their contractual obligation). Barrios enters into a contract under the terms described above on January 1, 20X1.
Required:1. What amount of revenue should Barrios record related to the contract in 20X1?2. What amount of expense related to the contract should Barrios record related to the contract in 20X1?
Answer:
$600$15Explanation:
1. The revenue for the first year will be the One year contract price
= 50 * 12 months
= $600
2. Customers typically remain with Barrios for an average of 10 years so assuming this stays the same, the expense related to the contract of $150 can be capitalized over those 10 years.
= 150/10
= $15
A corporation issued 7,300 shares of $10 par value common stock in exchange for some land with a market value of $116,000. The entry to record this exchange is
The entry to record this exchange is: Debit Land $116,000; credit Common Stock $73,000; credit Paid-In Capital in Excess of Par Value, Common Stock $43,000.
Journal entryBased on the information the appropriate journal entry to record the transaction is:
Debit Land $116,000
Credit Common Stock $73,000
(7,300 shares×$10)
Credit Paid-In Capital in Excess of Par Value, Common Stock $43,000
($116,000--$73,000)
Inconclusion the entry to record this exchange is: Debit Land $116,000; credit Common Stock $73,000; credit Paid-In Capital in Excess of Par Value, Common Stock $43,000.
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Richard Branson does not possess sufficient numerical or accounting skills.For this reason he has ensured that he appoints accountants with the accounting skills and knowledge to contribute to the success of his numerous ventures. This is known as ____________
Appointing accountants with the accounting skills and knowledge to contribute to the success of his numerous ventures is known as Recruitment.
What is Recruitment?This is defined as the process of actively seeking out, finding and hiring candidates for a specific position or job.
This is usually done based on qualification and experience like in the scenario of Richard recruiting those who have accounting skills.
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Question 1 of 30 Single choice question The purpose of a budget is:
Answer:
To model what might happen to a business, or what the business do to perform actions for bigger companies and organizations. The amount of money you can spend on something; to restrict one's self from over spending and managing bankruptcyA client is considering purchasing a new high efficiency pump and motor, with an initial cost of $10,000. The pump has a lifetime of 15 years and is estimated to save approximately $1,000 per year. There is an additional maintenance cost of $300 per year associated with this new pump. The pump will have a salvage value of $0 at the end of its lifetime. Assume the interest rate is 4%. What is the annual value of the pump
The annual value of the pump is $692.
How is the annual value determined?The annual value of the equipment can be determined by calculating the annuity value of the savings and deducting the annuity value of the maintenance cost and then dividing the number by the annuity factor.
Data and Calculations:Cost of high-efficiency pump and motor = $10,000
Estimated lifetime = 15 years
Savings per year = $1,000
Total savings over equipment's lifetime = $11,120 ($1,000 x 11.12)
Annual maintenance cost = $300
Total annual maintenance cost for 15 years = $3,426 ($300 x 11.12)
Annuity Factor at 4% for 15 years = 11.12
Annual value = $692 ($11,120 - $3,426)/11.12
Thus, the annual value of the pump is $692.
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