Answer:
The increase in the money supply will be "833333.33".
Explanation:
The real reserve ratio of either a lender seems to be the proportion of overall reserves another bank currently occupies onto another. It consists of the proportion they become required to secure forward with, referred to that as the reserve requirement expected, including whatever extra those who happen to retain onto this.According to the question,
The multiplier will be:
⇒ [tex]\frac{1}{RRR}[/tex]
⇒ [tex]\frac{100}{12}[/tex]
⇒ [tex]\frac{25}{3}[/tex]
So the increase will be:
⇒ [tex]100000\times \frac{25}{3}[/tex]
⇒ [tex]833333.33[/tex]
A Corporation produces shiny discs. A special order has been placed by the customer to Rick for 2,200 units of the shiny disc for $38 a unit. While the disc would be modified slightly for the special order, the normal unit product cost for each disc is $16.90:
Direct materials $ 4.60
Direct labor 4.00
Variable manufacturing overhead 1.70
Fixed manufacturing overhead 6.60
Unit product cost $ 16.90
Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs.
The customer would like modifications made to each disc that would increase the variable costs by $1.90 per unit and that would require an investment of $16,000 in special equipment that would have no salvage value.
This special order would have no effect on Rick Corp.'s other sales. The company has enough spare capacity for producing the special order.
What would be the annual financial advantage (disadvantage) for Rick as a result of accepting this special order?
a) $40,760
b) $15,700
c) $2,000
d) $16,200
Answer:
Rick Corporation
The annual financial advantage (disadvantage) for Rick as a result of accepting this special order is:
a) $40,760
Explanation:
a) Data and Calculations:
Special order for 2,200 units of shiny disc at $38 a unit
Normal product cost: Special order:
Direct materials $ 4.60 $ 4.60
Direct labor 4.00 4.00
Variable manufacturing overhead 1.70 1.70
Additional variable cost 1.90
Total variable costs $10.30 $12.20
Fixed manufacturing overhead 6.60 0
Investment in special equipment ($16,000/2,200) 7.273
Unit product cost $ 16.90 $19.473
Annual Financial Advantage (Disadvantage) for the special order:
Sales Revenue ($38 * 2,200) = $83,600
Variable costs ($12.20 * 2,200) 26,840
Contribution ($25.80 * 2,200) $56,760
Special equipment 16,000
Financial Advantage $40,760
Which of the following is not a characteristic of an organizational objective?
specific
attainable
Long-term
Answer: Long-term
Explanation: If you look at your smart goal longterm is not in there
The characteristics of organizational objective includes that the organizational objective is specific and attainable. Option C is correct.
What is Organizational objective?Organizational objectives are defined as the short-term and medium-term scores that a company wants to achieve.
The improvement of organizational logical argument and the distribution of organizational resources will be heavily influenced by the goals of the company.
The organizational objectives are attainable and specific, and it works only with the short term time period.
Therefore, option C is correct.
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g The following information pertains to Lee Corp.'s defined benefit pension plan for year 2: Service cost $160,000 Actual and expected gain on plan assets 35,000 Unexpected loss on plan assets related to a year 1 disposal of a subsidiary 40,000 Amortization of unrecognized prior service cost 5,000 Annual interest on pension obligation 50,000 What amount should Lee report as pension cost in its year 2 income statement
Answer:
$180,000
Explanation:
Calculation for the amount that Lee should report as pension cost in its year 2 income statement
Using this formula
Pension cost =Service cost-Actual and expected return on plan assets+Prior service cost amortization+Interest cost
Let plug in the formula
Pension cost =$160,000 – $35,000 + $5,000 + $50,000
Pension cost =$180,000
Therefore the amount that Lee should report as pension cost in its year 2 income statement will be $180,000
Zycon has produced 10,000 units of partially finished Product A. These units cost $15,000 to produce, and they can be sold to another manufacturer for $20,000. Instead, Zycon can process the units further and produce finished Products X, Y, and Z. Processing further will cost an additional $22,000 and will yield total revenues of $35,000. Identify whether the item is relevant or irrelevant to the sell or process further decision.
Answer:
Cost relevant or irrelevant for decision making to sell or process further
a. $15,000 already incurred is not relevant because this is sunk cost. This cannot be avoided or changed.
b. $20,000 selling price is relevant for decision making because this incremental revenue is generated if goods are sold semi-finished.
c. $22,000 additional selling price is for decision making because this cost is required for further processing and shall be incurred.
d. $35,000 revenue from processing is relevant for decision making because this incremental revenue is generated if goods are after further processing.
Serotta Corporation is planning to issue bonds with a face value of $390,000 and a coupon rate of 16 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Serotta uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 12 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)
1. Provide the journal entry to record the issuance of the bonds January 12. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year.3. What bonds payable amount will Serotta report on this year's December 31 balance sheet?
Answer and Explanation:
Before recording the journal entries following calculations need to be made
Maturity amount $390,000
Interest periods 8
The Market rate of interest 3%
Now Quarterly interest paid $15,600 ($390,000 × 16% ×3 ÷ 12) Annuity factor for 8 periods 7.0197
And, Present value factor for 8th period 0.7894
So,
The Present value of Interest $109,507
Add: And, the Present value of Maturity $307,866
Issue price $417,373
Amortization table
Date Interest paid Interest Premium Unamortized Carrying
Expense Amortized Premium Value
01.01 Yr1 $27,373 $417,373
31.03 Yr 1 $15,600 $12,521 $3,079 $24,294 $414,294
30.06 Yr 1 $15,600 $12,429 $3,171 $21,123 $411,123
30.09 Yr1 $15,600 $12,334 $3,266 $17,857 $407,857
31.12 Yr 1 $15,600 $12,236 $3,364 $14,493 $404,493
Now the Journal entries
For Jan 1
Cash account Dr. $417,373
To Bonds payable $390,000
To Premium on bonds payable $27,373\
(Being the bond payable is recorded)
On Mar 31
Interest expense Dr. $12,521
Premium on bonds payable Dr. $3,079
To Cash $15,600
(Being cash paid is recorded)
On Jun 30
Interest expense Dr. $12,429
Premium on bonds payable Dr. $3,171
To Cash $15,600
(Being cash paid is recorded)
On Sep 30
Interest expense Dr. $12,334
Premium on bonds payable Dr. $3,266
To Cash $15,600
(being cash paid is recorded)
On Dec 31
Interest expense Dr. $12,236
Premium on bonds payable Dr. $3,364
To Cash $15,600
(being cash paid is recorded)
An asset was purchased for $147,000.00 on January 1, Year 1 and originally estimated to have a useful life of 8 years with a residual value of $8,500.00. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $3,000.00. Calculate the third-year depreciation expense using the revised amounts and straight line method.
Answer: $27,343.75
Explanation:
The original yearly depreciation was ;
= (147,000 - 8,500) / 8
= $17,312.50
Value at beginning of Year 3;
= Cost - Accumulated depreciation
= 147,000 - (17,312.50 * 2)
= $112,375
Using the new figures, depreciation per year is now;
= (112,375 - 3,000) / 4
= $27,343.75
Which of the following statements is true regarding the functions of culture in an organization? A) It hinders the generation of commitment to something larger than individual self-interest among employees. B) It conveys a sense of identity for organization members. C) It reduces the stability of the organizational system. D) It reduces distinctions between one organization and others. E) It does not affect employees' attitudes and behavior.
Answer:
B; It conveys a sense of identity for organization members
The correct option is B. It conveys a sense of identity for organization members that statement is true regarding the functions of culture in an organization.
How does culture influence a member of the organization?The culture shapes the working environment within the company and has an impact on the type of long-term goals that help the company achieve its vision. The rules and procedures that help the organization fulfill its mission on a daily basis are also determined by culture.
Members of the organization get a sense of identity from it. It encourages the development of commitment to goals greater than one's own self-interest. The stability of the social system is improved. It acts as a "sense-making" and control mechanism that directs and molds employees' attitudes and conduct.
Thus, The best choice is B. When a statement about the roles of culture in an organization is true, it gives members of the organization a sense of identity.
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Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 11% per year. The risk-free rate of return is 8%, and the expected return on the market portfolio is 18%. The stock of Todd Mountain Development Corporation has a beta of 0.80. Using the constant-growth DDM, the intrinsic value of the stock is _________. Multiple Choice 8.80 11.11 27.27 60.00
Answer:
the intrinsic value of the stock is $60
Explanation:
The computation of the intrinsic value of the stock is as follows:
But before that the cost of equity is
The Cost of Equity is
= Risk Free Rate + Beta × (Market Return - Risk Free Rate)
= 8% + 0.80 × (18% - 8%)
= 16%
Now
Intrinsic Value is
= Next year Dividend ÷ (Rate of Return - Growth rate)
= $3 ÷ (16% - 11%)
= $60
hence, the intrinsic value of the stock is $60
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Last year 130 150 155 215 225 230 175 165 155 230 255 280
This year 155 155 205 220 245 250
Answer:
665
Explanation:
The computation fo the demand expected for the third quarter is as follows:
Oct 230
Nov 255
Dec 280 sum 765
Jan 155
Feb 155
March 205 sum 515
April 220
May 245
June 250 sum 715
Mow the third quarter moving average is
= (765 + 515 + 715) ÷ 3
= 665
At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $654,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $327 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare Chan's journal entries for the transactions.
Answer and Explanation:
The journal entries are shown below:
On December 31
Bad debt expense Dr $5,232 ($654,000 × 0.80%)
To Allowance for doubtful debts $5,232
(To record the bad debt expense)
On Feb 01
Allowance for doubtful debts Dr $327
To Account receivable $327
(To record the uncollectible amount)
On June 5
Account receivable $327
To Allowance for doubtful debts Dr $327
(To record the uncollectible amount)
On June 5
Cash Dr $327
To Account receivable $327
(To record the cash received)
Peterson Corporation produces a single product. Data from the company's records for last year follow: Units in beginning inventory 0 Units produced 70,000 Units sold 60,000 Sales $1,400,000 Manufacturing costs: Variable $630,000 Fixed $315,000 Selling and administrative expenses: Variable $98,000 Fixed $140,000 Under variable costing, net operating income would be: $217,000 $307,000 $374,500 $352,000
Answer:
$307,000
Explanation:
Step 1
First determine the units Sold, Produced and the units remaining in Inventory. This are important amounts for our calculation.
Units Sold = 60,000
Units Produced = 70,000
Beginning Inventory = 0
Ending Inventory (0 + 70,000 - 60,000) = 10,000
Step 2
Now we identify the method that is used for the preparation of Income Statement. In this case it is the variable costing method.
Variable Costing Method, only takes into account the Variable Manufacturing Costs for Product Costing. The Fixed Manufacturing Costs together with All Non-Manufacturing Expenses are regarded as Period Costs and are Expensed In the Income Statement.
Step 3
Calculation of Production Cost.
In this case this is $630,000 (variable costing)
Step 4
Calculation of Ending Inventory.
In this case this is $90,000 ($630,000 × 10,000 / 70,000)
Step 5
Calculation of Cost of Sales.
This will be $540,000 ($630,000 - $90,000). That is Production Costs and Opening Inventory less Closing Inventory.
Step 6
Calculation of Gross Profit.
Gross Profit is Sales less Cost of Sales. That is $1,400,000 - $540,000 which gives $860,000.
Step 7
Calculation of Expenses.
For Variable Costing, this will be Fixed Manufacturing Costs plus All Non - Manufacturing Costs. That is $315,000 + $98,000 + $140,000 which gives $553,000.
Step 8 (Final Step)
Calculate the Net Operating Income.
Gross Profit less Expenses is the formula. That will be $307,000 ($860,000 - $553,000).
Compute the PV of the interest tax shields generated by the following three debt issues. In each case the debt is risk free while the corporate tax rate is 35%. a) A $1,000 one-year loan at the risk-free rate of 8%. b) A five-year loan of $1,000 at the risk-free rate of 8%. Assume interest is paid annually while the principal is paid back at maturity. c) A $1,000 debt perpetuity at the risk-free rate of 7%.
Answer:
a. Present value of tax shield = $25.93
b. Present value of tax shield = $111.80
c. Tax shield = $350
Explanation:
a. Tax shield = Loan * rate * tax rate
Tax shield = 1,000 * 8% * 35%
Tax shield = $28
Present value of tax shield = 28 / (1+8%)
Present value of tax shield = 28 / 1.08
Present value of tax shield = 25.92592593
Present value of tax shield = $25.93
b. Tax shield each year = 28
Present value of tax shield = 28 / (1+8%)^1 + 28 / (1+8%)^2 + 28 / (1+8%)^3 + 28 / (1+8%)^4 + 28 / (1+8%)^5
Present value of tax shield = 28/1.08 + 28/1.1664 + 28/1.25971 + 28/1.36049 + 28/1.46933
Present value of tax shield = 111.795875652
Present value of tax shield = $111.80
c. Tax shield = Perpetuity * tax rate
Tax shield = 1000 * 35%
Tax shield = $350
garcia company has 11,600 units of its product that were produced last year at a total cost of $174,000. the units were damaged in a rainstorm because the warehouse where they were stored developed a leak in the roof. garcia can sell the units as is for $2 each or it can repair the units at a total cost of $19,600 and then sell them for $5 each. calculate the incremental net income if the units are repaired
Answer:
If the company repairs the units, income will increase by $15,200.
Explanation:
Giving the following information:
Units= 11,600
Garcia can sell the units as is for $2 each or, it can repair the units at a total cost of $19,600 and then sell them for $5 each.
We will not take into account the original cost of production because they remain constant in both options.
Sell as-is:
Effect on income= 11,600*2= $23,200
Repair:
Effect on income= 11,600*5 - 19,600= $38,400
If the company repairs the units, income will increase by $15,200.
The Financial Calculator Company proposes to invest $12 million in a new calculator-making plant that will depreciate on a straight-line basis. Fixed costs are $3 million per year. A financial calculator costs $10 per unit to manufacture and sells for $30 per unit. If the plant lasts for four years and the cost of capital is 20 percent, what is the accounting break-even level of annual sales? (Assume no taxes.)
Answer:
the accounting break-even level of annual sales is 300,000 units
Explanation:
The computation of the accounting-break even level of annual sales is shown below"
= (Fixed cost + depreciation expense) ÷ (contribution margin per unit)
= ($3 million + ($12 million ÷ 4 years) ÷ ($30 - $10)
= $6 million ÷ $20
= 300,000 units
hence, the accounting break-even level of annual sales is 300,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Haas Enterprise Inc. has outstanding 30,000 shares of $50 par value, 6% preferred stock and 70,000 shares of $1 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $310,000 in the second year, and $90,000 in the third year. (a) If the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years.
Answer:
Year 1
Preferred stock $0
Common stock $0
Year 2:
preferred stock $180,000
common stock $130,000
Year 3:
Preferred stock $90,0000
Common stock nil
Explanation:
The fact that preferred stock is cumulative means that dividends left unpaid in years when no dividends were declared would be paid in subsequent years.
annual preferred stock dividends=30,000*$50*6%=$90,000
No dividends were declared in year 1, hence no dividends were paid
In year 2 $310,000 of dividends were declared
Dividends paid to preferred stock in year 2=$90,000+$90,000=$180,000(for both first year and second year)
common stock dividends in year 2=$310,000-$180,000=$130,000
In year 3 the dividends of $90,000 declared would be paid to preferred stock
Your would like to share some of fortune with you. offers to give you money under one of the following scenarios (you get to choose): 1. a year at the end of each of the next years 2. (lump sum) now 3. (lump sum) years from now Calculate the present value of each scenario using % interest rate. Which scenario yields the highest present value? Would your preference change if you used a % interest rate?
Answer and Explanation:
The computation is shown below:
1. In the case when the rate of interest is 6%
So, the present value is
1. For at the end of eight years, the present value of $7,000 is
= $7,000 × 6.20979
= $434,68.53 or $43,469
2. The lumpsum now is $45,000
3. The eight years from now is
= $75,000 × 0.62741
= $47,00,55.75 or $47,056
Thus, the highest present value = $47,056
2. In the case when the rate of interest is 12%
1. For at the end of eight years, the present value of $7,000 is
= $7,000 × 4.96764
= $34,773.48 or $34,773
2. The lumpsum now is $45,000
3. The eight years from now is
= $75,000 × 0.40388
= $30,291
Thus, the highest present value = $45,000
Rivera underpaid her income tax by $45,000. The IRS can prove that $40,000 of the underpayment was due to fraud. a. Determine Rivera's civil fraud penalty. $fill in the blank 1 b. Rivera pays the penalty five years after committing the fraudulent act. Compute the present value of Rivera's penalty. Assume her after-tax rate of return on available cash is 9%. The present value factor for 5 years and 9% is 0.6499. $fill in the blank 2
Answer:
Rivera
a. Rivera's civil fraud penalty is:
$5,000 ($45,000 - $40,000)
b. Present value of Rivera's penalty is:
$3,249.50 ($5,000 * 0.6499)
Explanation:
a) Data and Calculations:
Income tax underpayment = $45,000
Underpayment due to fraud = $40,000
Civil fraud penalty = $5,000 ($45,000 - 40,000)
Rate of return = 9%
Number of years = 5 years
Present value factor = 0.6499
b) The present value of the penalty represents the $5,000 discounted to its present value using the discount factor of 0.6499. This results into $3,249.50 after 5 years at an interest rate of 9% per annum.
In the current year, Borden Corporation had sales of $2,000,000 and cost of goods sold of $1,200,000. Borden expects returns in the following year to equal 8% of sales. The unadjusted balance in Inventory Returns Estimated is a debit of $6,000, and the unadjusted balance in Sales Refund Payable is a credit of $10,000. The adjusting entry or entries to record the expected sales returns is (are):_________.(A)Accounts Receivable 2,000,000 Sales 2,000,000(B)Sales returns and allowances 150,000 Sales 150,000Cost of Goods Sold 90,000 Inventory Returns Estimated 90,000(C)Sales 2,000,000 Sales Refund Payable 160,000Accounts receivable 1,840,000Sales Refund Payable 150,0000 Accounts receivable 150,000(D)Sales Returns and Allowances 150,000 Sales Refund Payable 150,000Inventory Returns Estimated 90,000 Cost of goods sold 90,000
Answer:
(D) Dr Sales Returns and Allowances 150,000
Cr Sales Refund Payable 150,000
Dr Inventory Returns Estimated 90,000
Cr Cost of goods sold 90,000
Explanation:
Based on the information given The adjusting Journal entry or entries to record the expected sales returns is (are):
Dr Sales Returns and Allowances 150,000
Cr Sales Refund Payable 150,000
[(8%*2,000,000)-10,000]
Dr Inventory Returns Estimated 90,000
Cr Cost of goods sold 90,000
[(8%*1,200,000-6,000]
Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $44,300 for Division A. Division B had a contribution margin ratio of 40% and its sales were $232,000. Net operating income for the company was $32,600 and traceable fixed expenses were $55,800. Corbel Corporation's common fixed expenses were:________.
a) $48,700
b) $55,800
c) $104,500
d) $137,100
Answer:
a. $48,700
Explanation:
Contribution margin for Division A = $44,300
Contribution margin for Division B = 40% * Sales Value = 40% * $232,000 = $92,800
Total contribution margin = $44,300 + $92,800 = $137,100
Office Segment Margin =Total contribution margin - Traceable fixed expenses
Office Segment Margin = $137,100 - $55,800
Office Segment Margin = $81,300
Net Operating Income = Office Segment Margin - Common Fixed Expenses
Common Fixed Expenses = Office Segment Margin - Net Operating Income
Common Fixed Expenses = $81,300 - $32,600
Common Fixed Expenses = $48,700
Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend $4.13 million on TV, radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $8.31 million this year and by $6.31 million next year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomochi’s other products. As a result, sales of other products are expected to rise by $2.38 million each year.
Kokomochi’s gross profit margin for the Mini Mochi Munch is 35%, and its gross profit margin averages 25% for all other products. The company’s marginal corporate tax rate is 35% both this year and next year. What are the incremental earnings associated with the advertising campaign?
YEAR 1
Incremental Earnings Forecast ($ million)
Sales of Mini Mochi Munch $ ?????
Other Sales $ ?????
Cost of Goods Sold $ ?????
Gross Profit $ ?????
Selling, General, and Administrative $ ?????
Depreciation $ ?????
EBIT $ ?????
Income Tax at 35% $ ?????
Unlevered Net Income $ ?????
Calculate the unlevered net income for year 2 below:
YEAR 2
Sales of Mini Mochi Munch $ ?????
Other Sales $ ?????
Cost of Goods Sold $ ?????
Gross Profit $ ?????
Selling, General, and Administrative $ ?????
Depreciation $ ?????
EBIT $ ?????
Income Tax at 35% $ ?????
Unlevered Net Income $ ?????
Answer:
Kokomochi
YEAR 1
Incremental Earnings Forecast ($ million)
Sales of Mini Mochi Munch $8,310,000
Other Sales $2,380,000
Other sales revenue $10,690,000
Cost of Goods Sold $7,186,500
Gross Profit $3,503,500
Selling, General, and Administrative $4,130,000
Depreciation $0
EBIT ($ 626,500)
Income Tax at 35% $0
Unlevered Net Income $0
Calculate the unlevered net income for year 2 below:
YEAR 2
Sales of Mini Mochi Munch $6,310,000
Other Sales $2,380,000
Total sales revenue $8,690,000
Cost of Goods Sold $5,886,500
Gross Profit $2,803,500
Selling, General, and Administrative $ 0
Depreciation $0
EBIT $2,803,500
Income Tax at 35% $981,225
Unlevered Net Income $1,822,275
Explanation:
a) Data and Calculations:
Advertising campaign expenses = $4.13 million
Incremental sales revenue from Mini Mochi Munch = $8.31 million
Next years incremental sales revenue from Mini Mochi Munch = $6.31 million
Incremental sales revenue from other products = $2.38 million each year
Gross profit margin or the Mini Mochi Munch = 35%
Gross profit margin for other products = 25%
Marginal corporate tax rate = 35%
Cost of goods sold:
Year 1:
Mini Mochi Much = 65% (100 - 35%) of sales = 65% * $8.31 m = $5,401,500
Other products = 75% (100 - 25%) of sales = 75% * $2.38 m = $1,785,000
Total cost of goods sold = $7,186,500
Year 2:
Mini Mochi Much = 65% (100 - 35%) of sales = 65% * $6.31 m = $4,101,500
Other products = 75% (100 - 25%) of sales = 75% * $2.38 m = $1,785,000
Total cost of goods sold = $5,886,500
b) The company will incur a loss in the first year, which will be recovered by the second year's profit, because advertising expense are not capitalized or spread over the two years.
What are the step(s) when using the Sales with Payment customer
workflow?
Answer:
Option (d) is correct
Explanation:
Create Invoice > Receive Payment deposited to the Undeposited Funds account > Create Bank Deposit.
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what are two suggestions for finding a job?
1. plan ahead and organize for both the application and if you actually get the job.
2. do something you love that fits your personality!
Answer:
Look online since it's a pandemic going on right now, try to find a good paying job that you can do without breaking your back and also has good pay like 15$ or 20$ a hour is good for starters, in certain schools, you can get paid for doing certain things but if really needed to, you can go into a store that you would want to work at to see if they have any openings. Hope this helps! Have a nice day!
Explanation:
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $41,300 and the Export Products Division's divisional segment margin is $93,700. The total amount of common fixed expenses not traceable to the individual divisions is $106,800. What is the company's net operating income (loss)?
a) $241,800
b) $135,000
c) $28,200
d) $135,000
Answer:
c) $28,200
Explanation:
Calculation for What is the company's net operating income (loss)
Governmental products division's divisional margin segment $41,300
Add Export Products Division's divisional segment margin $93,700
Total divisional segment margin $135,000
($41,300+$93,700)
Less Common fixed expenses not traceable to the individual divisions ($106,800)
Company's net operating income $28,200
($135,000-$106,800)
Therefore the company's net operating income is $28,200
Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she withdrew $20,000 to buy some machinery which didn't fall in value. She could have earned 10% on the $20,000 had she invested it in another company with the same risk as hers. In adddition to the $20,000 her only other cost is $15,000 per year she charges her business as a salary for herself. In the first year her business made accounting profit of $12,000. Will other people having $20,000 in savings want to leave a $25,000 job to open a business like Sally's if their only objective is money?
A) They would be indifferent, as Sally's income net of costs equals $25,000.
B) Yes, because Sally's income is $27,000 but her costs are $20,000.
C) No, because Sally's income is $27,000 but her costs are $35,000.
D) Yes, because Sally's economic profit is positive.
E) Both (B) and (D).
Answer:
A) They would be indifferent, as Sally's income net of costs equals $25,000.
Explanation:
Sally's economic profit = accounting profit - opportunity costs
accounting profit = $12,000opportunity costs = $25,000 - $15,000 in lost salaries + $2,000 (lost investment revenue) = $12,000economic profit = $12,000 - $12,000 = $0
Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.
Antidilutive securities should be included in the computation of diluted earnings per share but not basic earnings per share. are those whose inclusion in earnings per share computations would cause basic earnings per share to exceed diluted earnings per share. should be ignored in all earnings per share calculations. include stock options and warrants whose exercise price is less than the average market price of common stock.
Answer: should be ignored in all earnings per share calculations.
Explanation:
Antidilutive securities are the financial instruments that will lead to a rise in the earning per share when such financial instruments are changed to common stock.
Antidilutive securities should be ignored in all earnings per share calculations. This is because new shares are being offset when such acquisition takes place leading to a rise in the earning per share.
Interest rates on a loan provide what key information?
A. Information about the additional money you will have to pay back to the lender.
B. Information about the credit history of the lender.
C. Information about the length of the loan.
D. Information about the total payment due each month.
Answer:
d
Explanation:
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Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $140,000, and it estimates that 6% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,380 credit balance before the adjustment. (b) a $700 debit balance before the adjustment.
Answer:
estimated bad debt expense = $140,000 x 6% = $8,400
a) balance of allowance for doubtful accounts = $2,380
$8,400 - $2,380 = $6,020
Dr Bad debt expense 6,020
Cr Allowance for doubtful accounts 6,020
b) balance of allowance for doubtful accounts = ($700)
$8,400 + $700 = $7,100
Dr Bad debt expense 7,100
Cr Allowance for doubtful accounts 7,100
Allowance for doubtful accounts is a contra asset account with a normal credit balance.
A transformational leadership style would not work well with
a project designed by a team
someone who works best independently
those who appreciate regular feedback
employees who had a strong belief in the company that they work for
Answer:
someone who works best independently
Explanation:
A transformational leadership style is the leadership style in which the leader is involved with the team and works in tandem with them to achieve the set goal.
With this in mind, a transformational leadership style would not work well with someone who works best independently.
In a few brief sentences attack or defend the following statement - It is a true statement that if the fixed expenses of an organization double, then the break-even point in units would double. Provide support for your conclusion.
Answer: I choose to defend it
Explanation:
The formula for the breakeven point is;
= Fixed expenses/ Contribution margin
If the fixed expenses were to double without the contribution margin changing, the breakeven point in units would have to double as well.
For instance, assume Fixed expenses are $400,000 and the Contribution margin is $4,000. The breakeven point would be;
= 400,000/4,000
= 100 units
Assume fixed expenses double to $800,000 and contribution margin remains unchanged at $4,000. New breakeven point will be;
= 800,000/4,000
= 200 units
Statement is proven that should the fixed expenses double, the breakeven point would double as well.
Newcastle Enterprises had net income for 2024 of . Newcastle had shares of common stock outstanding at the beginning of the year and shares of common stock outstanding at the end of the year. There were shares of preferred stock outstanding all year. During 2024, Newcastle declared and paid preferred dividends of . What is Newcastle's earnings per share? (Round the answer to two decimal places.)
Answer:
1.80
Explanation:
Calculation for the earnings per share
First step is to calculate the Average number of common shares outstanding
Average number of common shares outstanding=($39,000 + $43,000) / 2
Average number of common shares outstanding = $41,000
Now let calculate the Earnings Per Share using this formula
Earnings Per Share = (Net income - Preferred dividends) / Average number of common shares outstanding
Let plug in the formula
Earnings Per Share = ($103,000 - $29,000) / $41,000
Earnings Per Share =$74,000/$41,000
Earnings Per Share = $1.80
Therefore the Earnings Per Share will be $1.80