Sydney has worked for WillCo for the last 20 years. She just had her 60th birthday and is thinking about retirement. WillCo sponsors an ESOP in which Sydney is a participant and has been since the plan's inception 18 years ago. WillCo stock has increased significantly and Sydney is considering diversifying her WillCo stock in the ESOP. Which of following statements is correct? a. Sydney can diversify 25% of her WillCo stock. b. Sydney can diversify 50% of her WillCo stock. c. Sydney cannot diversify until three years prior to retirement. d. Sydney can diversify all of her WillCo stock because she has more than three years of service.

Answer: c. Sydney can diversify 50% of her WillCo stock.

Explanation:

Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.

Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.

Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.

1. What is an organization?

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price $157
Units in beginning inventory 200
Units produced 7,900
Units sold 7,500
Units in ending inventory 600

Variable costs per unit:
Direct materials $47
Direct labor $45
Variable manufacturing overhead $7
Variable selling and administrative expense $5

Fixed costs:
Fixed manufacturing overhead $260,700
Fixed selling and administrative expense $120,000

Required:
What is the total period cost for the month under variable costing?

Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock uses straight-line amortization for bond premium or discount. Prepare entries to record issuance of bonds, payment of interest, amortization of premium, and redemption at maturity. Instructions Prepare the journal entries to record the following. a. The issuance of the bonds. b. The accrual of interest and the premium amortization on December 31, 2020. c. The payment of interest on January 1, 2021. d. The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2018, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2018, at a price of $600,000. The book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale.
The division incurred a before-tax operating loss from operations of $120,000 from the beginning of the year through December 15. The income tax rate is 30%. Chance’s after-tax income from its continuing operations is $440,000.Required:Prepare an income statement for 2016 beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (Amounts to be deducted should be indicated with a minus sign. Round EPS answers to 2 decimal places.)

(Issuance of Bands with Detachable Warrants) On september 1, 2017, Sands Company sold at 104 (plus accrued interest) 4,000 of its 9%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants.​ Each warrant was for one share of common stock at a specified option price of $15 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Sands Company bonds. Interest is payable on December 1 and June 1. Bond issue costs of $30,000 were incurred.Prepare in general journal format the entry to record the issuance of the bonds.

Libby bought 250 stocks of a company named Xylet last year. Xylet’s total earning for the year is $ 4million and it has 1,000,000 outstanding stocks. What is Xylet’s Earning per share (EPS)?
A.
4
B.
0.04

C.
40
D.
400

Jasper Golf Resort has a full-service hotel and three golf courses. The hotel, in addition to having over 100 hotel rooms, has two dining areas and a catering service for weddings and meetings. The hotel has a housekeeping staff and a repairs and maintenance group. In addition, there is a meetings coordinator with a technical staff to support meetings. The golf courses have a superintendent that oversees a grounds and maintenance staff. Each course has a pro shop that includes apparel and golf supplies and a lunch counter. In addition, there is a golf cart center that provides carts to each course.

Classify the following responsibility centers as investment center, profit center or cost center.

a. Jasper Golf Resort
b. Hotel
c. Golf Courses
d. House-keeping
e. Restaurants
f. Weddings and meetings
g. Grounds and maintenance
h. Carts
i. ProShops

You are an astronaut on a deep space mission. You are in suspended animations for 40 years before you return to earth. Your parents have died, but, since you were the favorite son (since you were an astronaut and all), they left you first choice over your ne'er-do-well brother, Sigmund. Your choices are your parent's Roth IRA or their traditional IRA. The Roth IRA has $2 million in it. The traditional IRA has $2.5 million in it. Your income is well within the 30% tax bracket and you are old enough to withdrawl the money without penalty. Assume that you will withdrawl all the money at once. Which IRA would you choose and why?

Penny, a full-time biochemist, loves stock car racing. To feed her passion, she bought a used dirt-track car and has started entering some local dirt-track races. The prize money is pretty small ($1,000 for the winner), but she really is not in it for the money. Penny reported the following income and expenses from her nights at the track: Prize money $3,660 Expenses: Transportation from her home to the races 1,760 Depreciation on the dirt-track car 4,780 Entry fees 5,400 Oil, gas, supplies, repairs for the dirt-track car 2,890 What are the tax effects of Penny’s racing income and expenses assuming that the racing activity is a hobby for Penny?

Sandler Industries manufactures plastic bottles for the food industry. On average, Sandler pays $70 per ton for its plastics. Sandler's waste-disposal company has increased its waste disposal-charge to $57 per ton for solid and inert waste. Sandler generates a total of 500 tons of waste per month. Sandler's managers have been evaluating the production processes for areas to cut waste. In the process of making plastic bottles, a certain amount of machine "drool" occurs. Machine drool is the excess plastic that drips off the machine between molds. In the past, Sandler has discarded the machine drool. In an average month, 190 tons of machine drool is generated. Management has arrived at three possible courses of action for the machine drool issue

Required:
What is the annual cost of the machine drool currently?

Jack and Jill own a successful engineering company, which sponsors a 401(k) plan that requires standard eligibility. Sam, Tom and Pat are the only other employees, who are between the ages of 25 and 29 and have been with the company for a couple of years. Jack and Jill each have salaries of $200,000, while their employees have salaries ranging between $28,000 and $30,000. Jack and Jill both defer $10,000 each. Sam, who is Jack and Jill's son, earns $30,000 and defers $6,000 into the 401(k) plan. Tom, who makes $28,000, defers $2,800, while Pat does not defer anything into the 401(k) plan. Which of the following statements is correct? a. The ADP for the NHC employees is 6.67% b. If the plan failed the ADP test, then the issue could be solved by providing a qualified matching contribution to all five employees. c. Jack and jill are the only highly compensated employees. d. If the company hired a new employee, it would not increase the amount that Jack and Jill can defer during the first year of the employee's employment?

XYZ covered the following employees under its qualified plan. Rob, a 4% owner and employee with compensation of $32,000. Robin, Rob's cousin, a commissioned salesperson with compensation of $195,000 last year (the highest paid employee). Robin owns 2% of the company stock. Randy, the chief operating officer, who had compensation of $160,000 last year, but was not in the top 20% of paid employees. Assuming the company made the 20% election when determining who is highly compensated, which of the following statements is correct? a. Randy is a key employee, but not a highly compensated employee. b. Robin is a key employee, but Rob is not. c. Neither Rob, Robin, or Randy are highly compensated employees or key employees. d. Rob and Robin are both key employees.

The financial information of Z, Inc. is as follows: EBIT/share: $5 EPS: $3 Growth rate: 15% Stock Price per share: $48 The industry averages of price-EBIT ratio, PE ratio and PEG ratio are 10, 15, and 1.2 respectively. What is the implied stock price of Z, Inc. using the PE ratio

Since graduating from college five years ago, you have worked for a national chain of men's clothing stores. You have held several positions within the company and are currently manager of a local branch store.

Over the past three years, you have observed a pattern in the purchases of men's suits. You establish that the majority of men's suit purchases are black, brown, blue, gray, and olive. You also noticed that French cuff shirts are now fashionable, but few stores carry a wide color selection. Because you have always wanted to be in business for yourself, you decide to open a shop that will sell suits that are black, brown, blue, gray, and olive and to carry a wide array of colors of French cuff shirts. Your store will also sell fashionable ties and cuff links. You have decided that your store will brand itself for focusing on men's fashion; therefore, the name for your store will be "The Style Shop." You have discussed your plan with a number of people in the industry, and they believe your idea is a viable one and have encouraged you to pursue your dream of becoming an entrepreneur.

A new upscale outdoor shopping mall is opening nearby, and you have decided that now is the time to take the plunge and go into business for yourself. After developing a comprehensive business plan that includes marketing strategies and financial projections, you decide to open The Style Shop in the new mall.

One of the things you must decide in the process of transforming your idea into reality is the form of ownership for your new business. Should it be organized as a sole proprietorship, a partnership, or a corporation? What advantages or disadvantages are there to each choice? What do you think of the proposed name for the business, The Style Shop? use the chart below to organize your thoughts.

Business Entity Advantages Dis-Advantages

Sole Proprietorship
Partnership
Corporation

The bargaining power of suppliers (clover tropika)?????​

1. what are three characteristics of credit cards

2. What are three fees that banks can charge for their services?

How can you use change management to gain a competitive advantage?

PS.53 Brother I.D. Ricks is a faculty member at BYU-Idaho whose grandchildren live in Oklahoma and California. He and his wife would like to visit their grandchildren at least once a year in these states. They currently have one vehicle with well over 100,000 miles on it, so they want to buy a newer vehicle with fewer miles and that gets better gas mileage. They are considering two options: (1) a new subcompact car that would cost $19,500 to purchase or (2) a used sedan that would cost $13,700.

They anticipate that the new subcompact would get 41 miles per gallon (combined highway and around town driving) while the sedan would get 26 miles per gallon. Based on their road tripping history they expect to drive 18,000 miles per year. For the purposes of their analysis they are assuming that gas will cost $2.24 per gallon.

Required:
a. How many miles would the Ricks need to drive before the cost of these two options would be the same?
b. How many years would it take for these two options to cost the same?

Walton Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During year 2, the high point in activity occurred in June when it produced 207 boats at a total cost of $153,160. The low point in production occurred in January when it produced 38 boats at a total cost of $45,000. Required Use the high-low method to estimate the amount of fixed cost incurred each month by Walton Boat Company. Determine the total estimated cost if 200 boats are made.

Answer please
You are teaching a lesson on how to stay informed about your finances and protect yourself from identity theft. What is the BEST piece of advice you would give?

A.Examine your financial accounts once a month for fraudulent activity,

B.Avoid checking your credit report often because it will lower your credit score.

C.Only have your Social Security number visible on personal documents such as checks

D.Use cash for all of your transactions so that no personal information is accessible to others

Three hairstylist, Francois, Bernard and Mimi run Fast Service Hair Salon. They perform only shampooing and hairstyling activities. On average it takes 10 minutes to shampoo, 15 minutes to style hair, and 5 minutes to bill the customer. When a customer arrives, he or she first checks in the receptionist (Lulu). This takes only 3 minutes. One of the three stylists then takes charge of the customer and performs all three activities – shampooing, styling and billing consecutively. A customer has suggested that billing activity be transferred to Lulu. What would be the impact on salon's capacity (i.e., the maximum number of customers they can serve per hour)?

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.

a. After a long search, Jon finds a job.
b. Tyrion, a full-time college student, graduates and is immediately employed.
c. After an unsuccessful job search, Arya gives up looking and retires.
d. Daenerys quits her job to become a stay-at-home mom.
e. Sansa has a birthday, becomes an adult, but has no interest in working.
f. Jaime has a birthday, becomes an adult, and starts looking for a job.
g. Cersei dies while enjoying retirement.
h. Jorah dies working long hours at the office.

You want to invest $6,000 annually beginning now in order to accumulate $33,300 for a down payment on a house in five years. To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the:

Old Tyme Soda produces one flavor of a popular local soft drink. It had no work-in-process on October 31 in its only inventory account. During November, Old Tyme started 11,400 barrels. Work-in-process on November 30 is 1,900 barrels. The production supervisor estimates that the ending work-in-process inventory is 40 percent complete. An examination of Old Tyme’s accounting records shows direct material costs of $24,413 and conversion costs of $27,400 for November. All production is sold as it is produced. Required: a. Compute cost of goods sold for November. b. What is the value of work-in-process inventory on November 30

Why was Sony willing to raise the price of its Playstation 3 over Playstation 2, causing a lower number of sales

the sun....... (rise) at 6.04 this morning​

Q2. (5 Pts.) Performance Sails’ accountant (from Q1) suggests that in addition to the variable cost (labor cost) also the fixed cost (rent) should be factored into the productivity calculations. The cost to rent store space and the hourly wage rates are given below. Sausalito Alameda Embarcadero Oakland Monthly Sales volume $40,000 $12,000 $60,000 $25,000 Labor hours/month 250 60 500 200 Labor cost/hr $6.75 $6.50 $6.00 $5.50 Rent (per month) $1,900 $1,500 $2,150 $900 Productivity a. Which store is most productive? b. Performance Sails is not sure it can keep all four stores open. Based on productivity, which store would you close? What other factors should be considered? c. What would Alameda’s multi-factor productivity be if the monthly sales could be increased to $24,000 (please make sure to identify which costs are variable and fixed and adjust the variable cost proportional to the sales increase)?

Brian should use the
sign while searching for the phrase.

Suppose that the nearby campers impose a cost of $500 on you and your roommate. If they had to move to a campsite where they could make as much noise as they wished, they would incur a cost of $200. Think of this as the cost of having to physically pack up their stuff and hike to another site. If they stayed and had to be quiet and not disturb you, they would incur a cost of $300. The park rules specify that whoever arrived first has a right to an undisturbed camping spot. Which of the following outcomes would be consistent with the Coase theorem?

a. You would pay them $250 to move.
b. They would pay you $180 to stay where they are.
c. They would move, as the cost to keep quiet would be more than the cost to move.
d. They would pay you $600 to stay where they are.

5. Calculating tax incidence Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 40 billion cases of cola were sold every year at a price of $5 per case. After the tax, 34 billion cases of cola are sold every year; consumers pay $6 per case (including the tax), and producers receive $2 per case. The amount of the tax on a case of cola is $ per case. Of this amount, the burden that falls on consumers is $ per case, and the burden that falls on producers is $ per case. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. True False