Based on the ownership interest of Putnam Company in Swaraj Company, Putnam Company’s equity in net income for 2020 is $4,340,000.
The noncontrolling interest in net income is $1,060,000.
What is Putnam Company's net income from Swaraj Company?= Share of reported income - Share of amortization of identifiable intangibles + Share of loss of land - Share of Unconfirmed Profit on inventory + Share of Confirmed profit on inventory as of 2020 + Gain on equipment sale
= (80% x 7,000,000) - (80% x 1,750,000) + (80% x 300,000) - (80% x 600,000) + (80% x 350,000) + 100,000
= $4,340,000
What is the noncontrolling interest in net income?This can be found as:
= Total net income - Putnam company share
= Reported income - Amortization of identifiable intangibles + Loss of land -Unconfirmed Profit on inventory + Confirmed profit on inventory as of 2020 + Gain on equipment sale - Putnam company share
= 7,000,000 - 1,750,000 + 300,000 - 600,000 + 350,000 + 100,000 - 4,340,000
= $1,060,000
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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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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.
g Jana just found out that she is going to receive an end-of-year bonus of $32,200. She is in the 35 percent marginal tax bracket. Calculate her income tax on this bonus. Now assume that instead of receiving a bonus, Jana receives the $32,200 as a long-term capital gain. What will be her tax? Which form of compensation offers Jana the best after-tax return? Would your calculation be different if the gain was short-term rather than long-term? Her income tax on this bonus is $nothing. (Round to the nearest dollar.) Now assume that instead of receiving a bonus, Jana receives the $32,200 as a long-term capital gain. What will be her tax? Which form of compensation offers Jana the best after-tax return? Would your calculation be different if the gain was short-term rather than long-term? (Select the best answer below.) A. Jana will pay $4,830 ($32,200× 15%) in long-term capital gains taxes. Due to the reduced tax rate, the long-term capital gain offers Jana the best after-tax return. Because short-term capital gains are taxed as ordinary income, she will not receive any tax benefit if she receives the bonus as a short-term capital gain.
Answer:
Jana just found out that she is going to receive an end-of-year bonus of $32,200. She is in the 35 percent marginal tax bracket. Calculate her income tax on this bonus.
tax liability = $32,200 x 35% = $11,270Now assume that instead of receiving a bonus, Jana receives the $32,200 as a long-term capital gain. What will be her tax?
tax liability = $32,200 x 15% = $4,830Which form of compensation offers Jana the best after-tax return?
if the bonus is taxed as a long term capital gain, she will páy less than half the taxes, so it is the best option for herWould your calculation be different if the gain was short-term rather than long-term?
Short term capital gains are taxed at the same rate as ordinary income, so the difference between the bonus being a long vs short term capital gain is very significant to Jana.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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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.
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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11. Which statement regarding the importance of human relations is false? A. People accomplish more in their work and personal lives when practicing good human relations. B. People work better together when practicing good human relations. C. People feel better about themselves when practicing good human relations. D. In general, people accomplish less when practicing good human relatio
Answer:
D
Explanation:
Its false. Because human relations within any organization there wouldn't be proper verbal communication
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.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.
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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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
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.
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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HELP PLEASE
Some businesses require federal licenses because Blank Space __________.
Choose the answer.
Question 19 options:
federal agencies regulate their business
have federal employees
they cross state lines
they have different tax brackets
Answer:
federal agencies regulate their business
Explanation:
It is not very common for businesses to get a federal license. It only happens once their business is regulated by federal agencies. The application fee will largely depend on the type of activities your business have and your issuing agency.
Business activities that require federal license include the following: alcoholic beverages, aviation, fish and wildlife, agriculture, firearms, maritime transportation, TV and radio broadcasting, mining, nuclear energy, etc.
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
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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A 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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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.
Develop a personal strategic plan as a business graduate in today’s globalized world that defines the key skills /attributes that give you a competitive advantage in the global pool. What are the unique skills that will make a company want to hire you in the ever increasing global market. Using the tools explored by businesses to maintain their competitive advantage devise your individual personal strategic plan.
Answer:
In a globalized world, there are many skills that a business major should have in order to be competitive, among these skills:
Problem-solving abilitiesInterpersonal skillsSoft skillsProfessional skillsIt would also be important to add a unique bent to your formation, for example, learning a bit of data science and programming as a business major would add a lot of value, and make you stand out.
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.
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
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.
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
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:
Please identify the appropriate term for the following scenarios.
a. Ivan, a Russian fishermen, needs a permit so that he can commercially participate in ice fishing for yellow perch and then the consequent sales.
b. Garet is an undergraduate student who has to work at McDonald's part time to help pay his tuition loans. Always looking on the bright side of things, he is thankful that he can't make less than what he is earning. $7.25 an hour.
c. D'Artagnan, a poor French noblemen, discovers a large cache of truffles in his backyard. However the government caps the sale of truffles at $100 a pound, which frustrates D'Artagnan as he knows they are worth more than that.
d. Athos is an avid collector of swords, but as they are illegal to purchase, he goes by illicit means to obtain them.
e. To help out farmers, the government sets the minimum price of potatoes at $26 a bushel.
f. In order to support domestic sales of textiles, the country of Germany puts a cap on the amount of foreign textiles it imports.
1. Price Floor
2. License
3. Price Ceiling
4. Quota
5. Black Market
Answer:
Explanation:
a)price floor is usually imposed by government so that price of certain product or services will not be low. However, the the equilibrium price must be lower than price floor in economics for effective price floor.
LICENSE can be regarded as a permit, which could be an official permit to carry it an action or not to.
PRICE CEILING is action by government to prevent price of goods and services from been too much for consumer to afford.
BLACK MARKET is an illegal ways of selling and buying of services by people. It occurs when consumer Don't wan to compliant with government.
a)Ivan, a Russian fishermen, needs a permit so that he can commercially participate in ice fishing for yellow perch and then the consequent sales(LICENSE)
b)garet is an undergraduate student who has to work at McDonald's part time to help pay his tuition loans. Always looking on the bright side of things, he is thankful that he can't make less than what he is earning, $7.25 an hour.( PRICE FLOOR)
c)D'Artagnan, a poor French noblemen, discovers a large cache of truffles in his backyard. However, the government caps the sale of truffles a $100 a pound, which frustrates D'Artagnan as he knows they are worth more than that. (PRICE CEILING)
d)Athos is an avid collector of swords, but as they are illegal to purchase, he goes by illicit (forbidden by law) means to obtain them. (BLACK MARKET)
e)to help out Irish farmers, the government sets the minimum price of potatoes at $26 a bushel(PRICE FLOOR)
f)In order to support domestic sales of textiles, the country of Germany puts a cap on the amount of foreign textiles it imports.( QUOTA)
Katie Murphy is preparing for a meeting with her banker. Her business is finishing its fourth year of operations. In the first year, it had negative cash flows from operations. In the second and third years, cash flows from operations were positive. However, inventory costs rose significantly in year 4, and cash flows from operations will probably be down 25%. Murphy wants to secure a line of credit from her banker as a financing buffer. From experience, she knows the banker will scrutinize operating cash flows for years 1 through 4 and will want a projected number for year 5. Murphy knows that a steady progression upward in operating cash flows for years 1 through 4 will help her case. She decides to use her discretion as owner and considers several business actions that will turn her operating cash flow in year 4 from a decrease to an increase.
Identify two business actions Murphy might take to improve cash flows from operations.
Comment on the ethics and possible consequences of Murphy's decision to pursue these actions.
1. The two business actions that Murphy might take to improve cash flows from operations include:
Murphy can defer vendor and operating expenses payments to increase the cash balance.Murphy can cut his personal salary (if he is on one) to show reduced expenses and improve the cash flows.2. The ethical consequences of Murphy's decision in pursuing these actions include:
Presenting misleading financial statements (especially the income statement that has reduced expenses and cash outflows).Loss of confidence and creditworthiness with business partners, suppliers, and other vendors.Assets padding with the non-payment of liabilities is an unethical business practice.What are the consequences of misleading financial statements?Financial statements help investors to assess the worth of a business.
They also help the management to make informed decisions.
Presenting misleading financial statements exposes Murphy to the following consequences:
The legal authorities may subject the company to investigations.Wrong economic decisions can be made by investors and vendors.Bad internal decisions unless you prepare the correct financial reports.Learn more about business ethics and financial reporting at https://brainly.com/question/3991019
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.
Emo Incorporated is reviewing the following projects for next year's capital program. Project Initial Investment Length in Years Annual Cash Flow A $3.0 million 6 $719,374 B 3.5 million 5 970,934 C 4.0 million 7 904,443 D 5.0 million 4 1,716,024 E 6.0 million 6 1,500,919 F 7.0 million 5 1,941,868 G 8.0 million 7 1,725,240 Projects A and B are mutually exclusive and so are Projects D and E. Griffin-Kornberg has 10.5% cost of capital and a maximum of $14 million to spend on capital projects next year. Use capital rationing to determine which projects should be included in Emo's capital program.
Answer:
Projects C, D and B should be carried out since they yield the highest profits. Total investment = $12.5 million.
I based my decision on how much value each project generated (NPV) and how profitable they were. If the company really needed to invest as much of the $14 million as possible, then you could change project D for E, fro a total investment of $13.5 million. Projects B and F yield basically the same gains, but the investment for project F is too high and there are better alternatives.
Explanation:
Project Initial Investment Length in Years Annual Cash Flow
A $3.0 million 6 $719,374
B $3.5 million 5 $970,934
C $4.0 million 7 $904,443
D $5.0 million 4 $1,716,024
E $6.0 million 6 $1,500,919
F $7.0 million 5 $1,941,868
G $8.0 million 7 $1,725,240
NPV
A = -$3.0 million + (4.29218 x $719,374) = -$3.0 million + $3,087,682.70 = $87,682.70
B = -$3.5 million + (3.74286 x $970,934) = -$3.5 million + $3,634,070.03 = $134,070.03
C = -$4.0 million + (4.7893 x $904,443) = -$4.0 million + $4,331,648.86 = $331,648.86
D = -$5.0 million + (3.13586 x $1,716,024) = -$5.0 million + $5,381,211.02 = $381,211.02
E = -$6.0 million + (4.29218 x $1,500,919) = -$6.0 million + $6,442,214.51 = $442,214.51
F = -$7.0 million + (3.74286 x $1,941,868) = -$7.0 million + $7,268,140.06 = $268,140.06
G = -$8.0 million + (4.7893 x $1,725,240) = -$8.0 million + $8,262,691.93 = $262,691.93
Profitability index
A = NPV / initial investment = $87,682.70 / $3,000,000 = 2.92%
B = NPV / initial investment = $134,070.03 / $3,500,000 = 3.83%
C = NPV / initial investment = $331,648.86 / $4,000,000 = 8.28%
D = NPV / initial investment = $381,211.02 / $5,000,000 = 7.62%
E = NPV / initial investment = $442,214.51 / $6,000,000 = 7.37%
F = NPV / initial investment = $268,140.06 / $7,000,000 = 3.83%
G = NPV / initial investment = $262,691.93 / $8,000,000 = 3.28%
ranking of projects based on profitability
C = $4 million investment, 8.28%
D = $5 million investment, 7.62% mutually exclusive with E
E = $6 million investment, 7.37% mutually exclusive with D
B = $3.5 million investment, 3.83% mutually exclusive with A
F = $7 million investment, 3.83%
G = $8 million investment, 3.28%
A = $3 million investment, 2.92% mutually exclusive with B
Projects C, D and B should be carried out since they yield the highest profits. Total investment = $12.5 million.
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
What are challenges for organizations that have self-managed teams?