Answer:
April 1 Invested $20,000 cash in her business.
Dr Cash 20,000
Cr Vera, Ernst, capital 20,000
1 Hired a secretary-receptionist at a salary of $700 per week payable monthly.
no journal entry required
2 Paid office rent for the month $1,500.
Dr Rent expense 1,500
Cr Cash 1,500
3 Purchased dental supplies on account from Dazzle Company $4,000.
Dr Supplies 4,000
Cr Accounts payable 4,000
10 Performed dental services and billed insurance companies $5,100.
Dr Accounts receivable 5,100
Cr Service revenue 5,100
11 Received $1,000 cash advance from Leah Mataruka for an implant.
Dr Cash 1,000
Cr Deferred revenue 1,000
20 Received $2,100 cash for services performed from Michael Santos.
Dr Cash 2,100
Cr Service revenue 2,100
30 Paid secretary-receptionist for the month $2,800.
Dr Wages expense 2,800
Cr Cash 2,800
30 Paid $2,600 to Dazzle for accounts payable due.
Dr Accounts payable 2,600
Cr Cash 2,600
g The Dynatech Brewing Company is a small craft brewer that produces five standard varieties of beer. The beers sell for $6 per six-pack, and the company currently sells 7,000 six-packs per month. The company is considering producing a seasonal beer that will be sold in October, November, and December. The company estimates that at $6 per six-pack, the company will sell 1,400 six-packs. At $7 per six-pack, sales will be 700 six-packs. The company also estimates that sales of the seasonal beer will eat into sales of its standard items. Specifically, for every 700 six-packs of the seasonal beer that are sold, 210 six-packs of the standard varieties will not be sold. The variable production costs of all beers is $1.70 per six-pack. Calculate the incremental profit associated with the two selling prices under consideration for the seasonal beer (i.e., $6 and $7 per six-pack). (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) $6 per six-pack $7 per six-pack Incremental profit/(loss) $enter a dollar amount $enter a dollar amount eTextbook and Media Should Dynatech Brewing produce the beer
Answer:
The Dynatech Brewing company
a. Incremental Profit with the Seasonal Production and Sales:
1,400 units 700 units
Sales revenue $8,400 $4,900
Variable costs 2,380 1,190
Contribution $6,020 $3,710
Lost Contribution 1,806 903
Incremental profit $4,214 $2,807
b. Dynatech Brewing should produce 1,400 six-pack seasonal beer. It will increase its profit (contribution) by $4,214. It will only suffer a lost contribution of $1,806.
Explanation:
a) Data and Calculations:
Selling price per six-pack = $6
Variable production costs per six-pack = $1.70
Contribution per six-pack = $4.30
Units sold per month = $7,000
Seasonal Production and Sales:
1,400 units 700 units
Sales revenue $8,400 ($6 * 1,400) $4,900 ($7 * 700)
Variable costs 2,380 ($1.70 * 1,400) 1,190 ($1.70 * 700)
Contribution $6,020 ($4.30 * 1,400) $3,710 ($4.30 * 700)
Lost Contribution 1,806 ($4.30 * 420) 903 ($4.30 * 210)
Incremental profit $4,214 $2,807
A company has the following information available for the year ending December 31, 2019:_______.
Service Revenue $91,300
Operating Expenses $52,900
Gain on Sale of Land $32,000
Loss on Sale of Equipment ($2,000)
Retained Earnings, 12/31/2019 $100,000
Dividends declared in 2019 $22,000
Required:
Calculate the company's (A) net income or loss for the year ending December 31, 2019 and (B) the balance in Retained earnings on January 1, 2019, the beginning of the fiscal year.
Answer:
a. $4,400
b. $117,600
Explanation:
The computation of the net income or loss for the year is shown below:
= Service revenue + gain on sale of land - operating expenses - loss on sale of equipment
= $91,300 + $32,000 - $52,900 - $2,000
= $4,400
Now the beginning retained earning balance is
As we know that
Ending retained earning balance = Opening retained earning balance + net income - dividend paid
$100,000 = Opening retained earning balance + $4,400 - $22,000
So,
The Opening retained earning balance
= $100,000 + $22,000 - $4,400
= $117,600
Answer:
2019
Explanation:
Use the information in each of the following separate cases to calculate the unknown amount. Corentine Co. had $171,000 of accounts payable on September 30 and $142,000 on October 31. Total purchases on credit during October were $300,000. Determine how much cash was paid on accounts payable during October. On September 30, Valerian Co. had a $112,000 balance in Accounts Receivable. During October, the company collected $112,390 from its credit customers. The October 31 balance in Accounts Receivable was $108,000. Determine the amount of sales on credit that occurred in October. During October, Alameda Company had $121,500 of cash receipts and $122,150 of cash disbursements. The October 31 Cash balance was $28,100. Determine how much cash the company had at the close of business on September 30.
Answer:
1. $329,000
2.$108,390
3. $28,750
Explanation:
1. The computation of cash paid is below
= Opening balance of accounts payable + Purchase made - Ending balance of account payable
= $171,000 + $300,000 - $142,000
= $329,000
2. Computation of sales
= Ending balance of accounts receivable + Cash receipts -Opening balance of accounts receivable
= $108,000 + $112,390 - $112,000
= $108,390
3. Opening cash balance
= Cash disbursements + Ending cash balance - Cash receipts
= $122,150 + $28,100 - $121,500
= $28,750
A company’s capital structure decisions address the ways a firm’s assets are financed (using debt, preferred stock, and common equity capital) and is often presented as a percentage of the type of financing used. As with all financial decisions, the firm should try to set a capital structure that maximizes the stock price, or shareholder value. This is called the optimal capital structure. Which of the following statements regarding a firm’s optimal capital structure is true? The optimal capital structure maximizes the firm’s cost of equity. The optimal capital structure maximizes the firm’s earnings per share (EPS). The optimal capital structure maximizes the firm’s cost of debt. The optimal capital structure minimizes the firm’s weighted average cost of capital.
Answer:
Option D (The optimal........capital) would be the right choice.
Explanation:
The optimal composition of capital would be the one with the lowest average capital structure. Such alternatives are meaningless since the optimal capital structure is not reflected by them. Maximizing earnings growth, interest burdens, or equity burdens would not enhance the worth including its shareholder.Devon, the CEO believes that his staff just needs a little push by giving them an understanding of the importance of each of their positions to the company while allowing them to also see each of their own direct impact. Each position, from product development to sales plays a crucial role in Change It Pharmaceuticals. Devon feels that giving timely information regarding their job performance and letting them know the importance of their roles to the company will improve work performance.
Required:
Devon has focused on which two characteristics of the job characteristic model?
Answer:
Task significance and feedback
Explanation:
The characteristic model of work is a methodology whose central objective is the motivation of the worker through his own work, but which must be challenging and allow the employee to develop his skills and competences through the performance of his work. There are five dimensions of the model, they are: Variety of Skills, task identity, task significance, autonomy and feedback.
In the case of the above question, Devon focuses on the significance characteristics of the task, by providing them with an understanding of the importance of each of their positions to the company, allowing them to also see each of their own direct impact. Because the significance of the task is the level that motivates employees through increasing their perception and appreciation of their work towards the central objectives of the company.
He also used feedback, as he believes that providing timely information about the performance of their job and letting them know the importance of their roles to the company will improve job performance. Using feedback helps employees to improve their perception of their performance and strive to achieve better results to company.
Mesa Company produces wooden rocking chairs. The company has two production departments, Cutting and Assembly. The wood is cut and sanded in Cutting and then transferred to Assembly to be assembled and painted. From Assembly, the chairs are transferred to Finished Goods Inventory and then are sold.
Mesa has compiled the following information for the month of February:
Cutting Department Assembly Department
Direct materials $150,000 $24,000
Direct labor 130,000 198,000
Applied manufacturing overhead 300,000 334,000
Cost of goods completed and transferred out 468,000 506,000
Required:
Prepare journal entries for the transactions in the Cutting and Assembly Departments of Mesa Company.
1.Record the transfer of materials to production in the Cutting department.
2. Record the cost of labor in the Cutting department.
3. Record the application of manufacturing overhead in the Cutting department.
4. Record the transfer of work in process inventory from Cutting to Assembly.
5. Record the transfer of materials to production in the Assembly department.
6. Record the cost of labor in the Assembly department.
7. Record the application of manufacturing overhead in the Assembly department.
8. Record the transfer of work in process inventory from Assembly to Finished Goods Inventory.
Answer and Explanation:
The journal entries are given below:-
1. Work-in-process - Cutting Dept. Dr, $150,000
To Raw material $150,000
(Being materials to production in the Cutting department is recorded)
2. Work-in-process - Cutting Dept. Dr, $130,000
To Wages expense $130,000
(Being cost of labor in the Cutting department is recorded)
3. Work-in-process - Cutting Dept. Dr, $300,000
To Manufacturing overhead $300,000
(Being manufacturing overhead in the Cutting department is recorded)
4. Work-in-process - Assembly Dept. Dr, $468,000
To Work-in-process - Cutting Dept. $468,000
(Being transfer of work in process inventory from Cutting to Assembly is recorded)
5. Work-in-process - Assembly Dept. Dr, $24,000
To Raw material $24,000
(Being materials to production in the Assembly department is recorded)
6. Work-in-process - Assembly Dept. Dr, $198,000
To Wages expense $198,000
(Being cost of labor in the Assembly department is recorded)
7. Work-in-process - Assembly Dept. Dr, $334,000
To Manufacturing overhead $334,000
(Being manufacturing overhead in the Assembly department is recorded)
8. Finished goods Dr, $506,000
To Work-in-process -- Assembly Dept. $506,000
(Being transfer of work in process inventory from Assembly to Finished Goods Inventory is recorded)
c. Which asset was riskiest during the Great Depression? How does that fit with your intuition? (Select the best choice below.) A. The riskiest assets were the corporate bonds. Intuition tells us that company debt should be riskiest. B. The riskiest assets were the stocks in the S&P 500. Intuition tells us that large companies should be the riskiest. C. The riskiest assets were the small stocks. Intuition tells us that smaller companies should be riskiest. D. The riskiest assets were the Treasury Bills. Intuition tells us that government securities would be the riskiest.
Answer:
The correct answer to the question is OPTION C (The riskiest assets were the small stocks. Intuition tells us that smaller companies should be riskiest.)
Explanation:
The riskiest assets were the small stocks.
The Great Depression was a term in the 20th century that became synonymous with hardship, suffering due significantly to the failure of the economy in the world with evidence of crash in the stock market.
The riskiest assets were the small stocks because it already crashed as panic made some stop investing and a lot of banks lost money. So small stocks were not lucrative again then, making it a risky asset to have.
Instinct tells us that smaller companies should be the riskiest because investing in smaller companies could be less lucrative due to a fall in the value of shares in tough times as compared to bigger companies.
Use Apple's financial statements in Appendix A to answer the following. Required: 1. Using fiscal 2014 as the base year, compute trend percents for fiscal years 2014, 2015, and 2016 for net sales, cost of sales, operating income, other income (expense) net, provision for income taxes, and net income. 2. Compute common-size percents for fiscal years 2015 and 2016 for the following categories of assets: (a) total current assets; (b) property, plant and equipment, net; and (c) goodwill plus acquired intangible assets, net. 3. Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2016
Answer:
2014 2015 2016
Net Sales 182,795 233,715 (+27.9%) 215,639 (+18.0%)
Cost of Sales 112,258 140,089 (+24.8%) 131,376 (+17.0%)
operating income 52,503 71,230 (+35.7%) 60,024 (+14.3%)
other income
(expense) net 980 1,285 (+31.1%) 1,348 (37.5%)
net income 39,510 53,394 (+35.1%) 45,687 (15.6%)
2015 2016
Total assets 290,345 321,686
Current assets
(% of total assets) 89,378 (30.8%) 106,689 (33.2%)
PP&E 22,471 (7.7%) 27,010 (25.3%)
goodwill plus
intangible assets 9,009 (10.1%) 8,620 (8.0%)
3. Using current assets as a percent of total assets to measure liquidity, did Apple's asset makeup become more liquid or less liquid in 2016
Apple became more liquid in 2016, because current assets as % of total assets were 30.8% in 2015, and 33.2% in 2016.
2014 2015 2016
1. Net Sales [tex]182,795[/tex] [tex]233,715 (+27.9[/tex]%) [tex]215,639 (+18.0[/tex]%)
Cost of Sales [tex]112,258[/tex] [tex]140,089[/tex] [tex](+24.8[/tex]%) [tex]131,376 (+17.0[/tex]%)
operating income [tex]52,503[/tex] 71,230 (+35.7%) [tex]60,024 (+14.3[/tex]%)
other income
(expense) net [tex]980[/tex] 1,285 (+31.1%) [tex]1,348 (37.5[/tex]%)
net income [tex]39,510[/tex] 53,394 (+35.1%) [tex]45,687 (15.6[/tex]%)
Financial statements2015 2016
2. Total assets [tex]290,345[/tex] [tex]321,686[/tex]
Current assets
(% of total assets) [tex]89,378 (30.8[/tex]%) [tex]106,689 (33.2[/tex]%)
PP&E [tex]22,471 (7.7[/tex]%) [tex]27,010 (25.3[/tex]%)
goodwill plus
intangible assets [tex]9,009 (10.1[/tex]%) [tex]8,620 (8.0[/tex]%)
3. When Apple became more liquid in 2016, because current assets as % of total assets were 30.8% in 2015, and also 33.2% in 2016.
Find out more information Financial statements here:
https://brainly.com/question/26420000
What is the purpose of a W-2 form?
If you can buy a pack of candy bars 5.99 or a 2 pack 3.49,what is the unit cost for a bar in each case?
Answer:
1.745 per unit
Explanation:
Jocko works for IBM, a publicly traded company that sponsors a stock bonus plan. Which of the following statements is not correct regarding the plan? a. If the distribution of IBM stock is made to Jocko in installments over a two year period, then the fair market value of all employer securities distributed in the installment distribution will be taxable as ordinary income. b. Jocko is permitted to vote the shares of IBM within his account. c. Upon termination, Jocko must be given the right to receive IBM stock held in the plan as part of a distribution. d. If Jocko has less than three years of service, he is permitted to diversify one-half of company match contributions that consist of IBM stock.
Answer:
Option d. is correct
Explanation:
A stock bonus plan is defined as a contribution profit sharing plan in which contributions to a stock bonus plan by employers are discretionary and recurring. Also, stock bonus plans cannot discriminate toward executives (highly compensated employees).
The following statement is not correct regarding the plan:
''If Jocko has less than three years of service, he is permitted to diversify one-half of company match contributions that consist of IBM stock.''
Acme Inc. has 200 total employees, 150 of which are nonexcludable employees. Ten employees are highly compensated. Seven of the 10 highly compensated and 100 of the 140 nonhighly compensated employees are covered under Acme's qualified plan. The average accrued benefits for the highly compensated is 3% and the average accrued benefit for the nonhighly compensated is 1.5%. Which of the following statements is true regarding coverage? The Plan Passes the ratio percentage test. The plan passes the average benefits test. a. Both 1 and 2. b. 1 only. c. Neither 1 nor 2. d. 2 only.
Answer:
b. 1 only.
The Plan Passes the ratio percentage test.Explanation:
the ratio percentage test = ratio of non-HCE / ratio of HCE ≥ 70%
ratio percentage test = (100/140) / (7/10) = 0.71/0.7 = 1.02 or 102% ≥ 70% ✓ passed
the average benefits test = 1.5% / 3% = 0.5 or 50% ≤ 70% X failed
This means that the highly compensated employees receive disproportionately high benefits from the plan.
A highly visible IT project has attracted some of the brightest developers in the company. Unfortunately, the potential for conflict is also high. The project manager will rely on all her skill sets to complete the project successfully. She is very aware that her interpersonal skills can influence the project outcome. What are the specific interpersonal skills she is most likely to utilize? Select one: a. Leadership, negotiation, and influencing b. Active listening, negotiation skills, accommodating, and influencing c. Active listening, cultural awareness, leadership, networking, political awareness d. Leadership, effective decision-making, active listening, and influencing
Answer:
Leadership, negotiation, and influencing b. Active listening, negotiation skills, accommodating, and influencing
Explanation:
The specific interpersonal skills she is most likely to utilize are
Leadership,
negotiation,
and influencing
Active listening
negotiation skills
accommodating
influencing
All these interpersonal skills will help her to relate with the group of people she's working with for professionalism and to maintain good relationship with them.
How do you choose the brainliest answer?
The Hampton Inn in Stow, Ohio, has two sets of employees, the front desk staff and the housekeeping staff. There is always one front desk clerk on duty at all times, 24/7, and all of the front desk clerks make $8.00 an hour.The housekeeping staff is also paid $8.00 an hour, but they are paid for the number of hours that it takes them to clean the rooms in the hotel. Each room takes 30 minutes to clean, but if a room has not been used the night before, it does not have to be cleaned, so the housekeeping staff work fewer hours on days when the hotel is not as full.The hotel calculates its profitability on a per-room basis, since they have some costs that vary with the number of rooms that are occupied on a particular night. Right now, their costs other than staff wages are marketing expenses of $5,400 per month, management salaries of $60,000 per month, and general overhead (costs like utilities and insurance) of $30,000 per month.The hotel has 50 rooms, all of which rent for the same price per night.Assuming a 30-day month, what are the hotel’s total fixed costs per day? (Be careful, read all of the cost information carefully and think before you answer this question.)What is the hotel’s variable cost per room?If the hotel fills all of its rooms for the night, what price should they charge to break even?What price should they charge to break even with only 70% of the hotel’s rooms sold for the night?What price should they charge to earn a profit margin of 25% when 70% of the hotel’s rooms are sold for the night?
Answer:
To get total fixed cost
We calculate all expenses
Salaries of clerks = 24hours x 8
= 192
Marketing = 5400/30 = 180
Management = 60000/30 days = 2000
General overhead = 30000/30 = 1000
Total = 180+192+3000+2000
= $3372 a day
2.
It takes half hour to clean a room. And cleaner charges 8 dollars for a full hour.
8x1/2 = $4
3
Question says total rooms = 50
TFC = 3372
Contribution from 1 room
= 3372/50
= $67.44
Price per room = 66.44 + 4
= $71.44
4.
70% occupied rooms = 0.70 x 50
= 35 rooms occupied
3372/35
= $96.34
Charge for a room = 96.34 + 4
= $100.34
5.
Profit margin of 25% given 70% occupancy
3372+(4*35)
= $3512
Percentage on cost = 33.33%
O.3333x3512
= $1171
1172+3512
= $4683
Price for a room = 4683/35
= $133.8
Suppose that you start working for a company at age 25. You are offered two rather unlikely, but quite enticing, retirement plans from which you are allowed to choose one. [Round all answers to the nearest dollar.]Retirement plan 1: When you retire, you will receive $20,000 for each year of service.Retirement plan 2: When you start work, the company deposits $2500 into a savings account that is guaranteed to pay a yearly rate of 18%. When you retire, the account will be closed and the balance given to you.A. Determine the amount you would receive under plan 1, if you retired at age 55.
Answer:
Total amount= $600,000
Explanation:
Giving the following information:
Suppose that you start working for a company at age 25.
Option 1:
$20,000 for each year of work.
Number of years of service= 55 - 25= 30 years
Now, the total retirement plan:
Total amount= 30*20,000= $600,000
Causwell Company began 2021 with 12,000 units of inventory on hand. The cost of each unit was $5.00. During 2021 an additional 32,000 units were purchased at a single unit cost, and 22,000 units remained on hand at the end of 2021 (22,000 units therefore were sold during 2021). Causwell uses a periodic inventory system. Cost of goods sold for 2021, applying the average cost method, is $118,800. The company is interested in determining what cost of goods sold would have been if the FIFO or LIFO methods were used.
Required:
a. Determine the cost of goods sold for 2018 using the FIFO method.
b. Determine the cost of goods sold for 2018 using the LIFO method.
Answer:
a) COGS under FIFO = $110,340
b) COGS under LIFO = $125,850
Explanation:
beginning inventory 12,000 units x 5 = $60,000
purchases 32,000 x ? = $?
ending inventory = 22,000 units
COGS applying weighted average = $118,800
total units sold = 12,000 + 32,000 - 22,000 = 20,000
cost per unit sold = $5.94
total cost for 44,000 units = $261,360
cost of purchased units = ($261,360 - $60,000) = $201,360
cost per unit purchased = $6.2925
COGS under LIFO = 20,000 x $6.2925 = $125,850
COGS under FIFO = (12,000 x $5) + (8,000 x $6.2925) = $110,340
Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,400 of direct materials, $6,966 of direct labor, and $10,104 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.60 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance $ 9,100 Purchased during the month $ 38,600 Used in production $ 39,900 Labor: Direct labor-hours worked during the month 2,500 Direct labor cost incurred $ 25,110 Actual manufacturing overhead costs incurred $ 33,900 Inventories: Raw materials, May 30 ? Work in process, May 30 $ 17,093 Work in process inventory on May 30 contains $3,849 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. The cost of goods manufactured for May was:
Answer:
$116,387
Explanation:
Opening work in process = Direct materials + Direct Labor + Overheads
= $2,400 + $6,966 + $10,104
= $19,470
Adding up all the cost for the period, we'll have;
Raw materials = $39,900 used in production
Direct labor cost = $25,110
Overheads to be applied on predetermined rate = 2,500 × $19.6
= $49,000
Total cost incurred including beginning work in process = $133,480
Less: Closing work in process $17,093
Total cost of goods manufactured = $116,387
Explain why each function is continuous or discontinuous. (a) The outdoor temperature as a function of longitude, latitude, and time is ---Select--- . Small changes in longitude, latitude or time can produce ---Select--- changes in temperature. (b) Elevation (height above sea level) as a function of longitude, latitude, and time is ---Select--- . Small changes in longitude, latitude, or time can produce ---Select--- changes in elevation. (c) The cost of a taxi ride as a function of distance traveled and time is usually ---Select--- . Small changes in distance traveled or time can produce ---Select--- changes in cost.
Answer:
Continuous or Discontinuous Functions
(a) The outdoor temperature as a function of longitude, latitude, and time is ---continuous--- . Small changes in longitude, latitude or time can produce ---continuous--- changes in temperature.
(b) Elevation (height above sea level) as a function of longitude, latitude, and time is ---continuous--- . Small changes in longitude, latitude, or time can produce ---continuous--- changes in elevation.
(c) The cost of a taxi ride as a function of distance traveled and time is usually ---continuous--- . Small changes in distance traveled or time can produce ---continuous--- changes in cost.
Explanation:
A continuous function does not experience discontinuities. Some human attributes like height, weight, temperature, and body colors are continuous variations. Discontinuous variables have distinct categories that are different. Examples are sex, blood group, etc. Discontinuous functions bear "either or" properties.
Firm A and B have identical business except that their financing is different: Firm A: EBIT = X = $10, D = $20 Firm B: EBIT = X = $10, D = $80 Suppose that corporate tax rate TC is 40%, cost of debt is RD is 10% for both. Please answer the following questions: Note: If your choice is A, then type in A. Do not type (A) or anything else. 1. Which firm has a greater FCF (free cash flow)? Your answer: (A) Firm A (B) Firm B (C) Both have the same FCF (D) Hard to say 2. What is firm A’s (annual) tax shield? Your answer: (A) $0 (B) $0.8 (C) $8 (D) $4 (E) Hard to say 3. What is firm B’s (annual) tax shield? Your answer: (A) $0 (B) $0.32 (C) $3.2 (D) $8 (E) Hard to say
Answer:
1. Which firm has a greater FCF (free cash flow)?
(A) Firm A2. What is firm A’s (annual) tax shield?
(B) $0.83. What is firm B’s (annual) tax shield?
(C) $3.2Explanation:
since firm A's debt is $20, its value is $100, then its equity = $80
since firm B's debt is $80, its value is $100, then its equity = $20
Firm A's cash flow = (EBIT - interest expense) x (1 - tax rate) = [$10 - ($20 x 10%)] x 0.6 = $4.80
Firm B's cash flow = (EBIT - interest expense) x (1 - tax rate) = [$10 - ($80 x 10%)] x 0.6 = $1.20
Firm A's annual tax shield = taxable interest x tax rate = ($20 x 10%) x 40% = $0.80
Firm B's annual tax shield = taxable interest x tax rate = ($80 x 10%) x 40% = $3.20
Blogging on a regular basis represents an enormous opportunity for growth and a far-reaching presence.
How do organizations utilize blogs?
a. To make job offers
b. To create engagement
c. To develop relationships
d. To improve customer relations Internal communications.
When wishing to acquire information from customers who use your products, which method would yield the best results?
a. Wiki
b. Blog
c. Podcast
Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of____________ Blogs take the same care and attention as other business writing.
Answer:
b. To create engagement
d. To improve customer relations
a. Wiki
internal communication
Explanation:
Business logging is a form of bringing huge steps towards mingling and getting along with the customers. It is a representation of the working and growth of the business presented on the social media platform. Bloggs helps in keeping a constant interaction with the customers and placing the rise of the business before everyone. It helps in informing the customers about the happenings in the business and helps in building a better interaction.
A wiki is a tool that is web-based. It is a tool that helps multiple users to contribute towards providing content, modifying it, and reading it. It brings a source of adding and grasping information related to any particular subject.
Internal communication among the internal members of the companies can be done with the help of writing blogs.
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income.
a. Purchased $125 of supplies for cash.
b. Recorded an adjusting entry to record use of $45 of the above supplies.
c. Made sales of $1,220, all on account.
d. Received $850 from customers in payment of their accounts.
e. Purchased equipment for cash, $2,500.
f. Recorded depreciation of building for period used, $610.
Answer:
Explanation:
Net income is the summation of all revenue generated substracted from all costs such as tax, interest and others it is the profit made.
Cash flow is the amount that the producer needed to spend when stating an accounting section romove from amount needed at the end of that accounting section.
Whenever transactions are carried out,
Cash flow and net income can be affected in ways that are not the same, once goods is sold the net income is noted by the manufacturer, let say he sell goods of $400 to a retailer if the retailer doesn't pay instantly, it mean the manufacturer has $400 cash less.i.e net income
a. Purchased $125 of supplies for cash.
Answer:
✓There is decrease in cash by $125
✓There is no change as far as Net Income is concerned here.
b. Recorded an adjusting entry to record use of $45 of the above supplies.
Answer:
✓There is No change to Cash here,
✓The net income is is decreased by $45.
c. Made sales of $1,220, all on account.
Answer:
✓There is No change to Cash here,
✓The Net Income is increased by $1,220
d. Received $850 from customers in payment of their accounts.
Answer:
✓ There is Cash increase, by. $850 ,
✓ There is No change to Net Income
e. Purchased equipment for cash, $2,500.
Answer:
✓There is Cash is decreased by $2,500
✓ There is no change to Net Income
f. Recorded depreciation of building for period used, $610.
Answer:
✓ There is No change to cash,
✓ there is decrease in Net income by
$610
The Mazzanti Wholesale Food Company's fiscal year-end is June 30. The company issues quarterly financial statements requiring the company to prepare adjusting entries at the end of each quarter. Assuming all quarterly adjusting entries were properly recorded, prepare the necessary year-end adjusting entries at the end of June 30, 2016, for the following situations.
a. On December 1, 2020, the company paid its annual fire insurance premium of $6,800 for the year beginning December 1 and debited prepaid insurance.
b. On August 31, 2020, the company borrowed $107,500 from a local bank. The note requires principal and interest at 8% to be paid on August 31, 2021.
c. Mazzanti owns a warehouse that it rents to another company. On January 1, 2021, Mazzanti collected $25,600 representing rent for the 2021 calendar year and credited deferred rent revenue.
d. Depreciation on the office building is $18,600 for the fiscal year.
e. Employee salaries for the month of June 2021 $19,000 will be paid on July 20, 2021.
Answer:
The Mazzanti Wholesale Food Company
Adjusting Journal Entries:
a.
Debit Insurance Expense $3,969
Credit Prepaid Insurance $3,969
To accrue insurance expense for seven months.
b.
Debit Interest Expense $7,167
Credit Interest Payable $7,167
To accrue interest expense for 10 months.
c.
Debit Deferred Rent Revenue $12,800
Credit Rent Revenue $12,800
To record rent revenue earned.
d.
Debit Depreciation expense-Office Building $18,600
Credit Accumulated Depreciation-Office Building $18,600
To record depreciation expense for the year.
e.
Debit Salaries and Wages $19,000
Credit Salaries and Wages Payable $19,000
To accrue salaries for the month of June 2021.
Explanation:
Mazzanti Wholesale Food Company uses journal entries to identify the accounts involved in each business transaction. Journal entries identify which account is to be debited and the account to be credited, following basic accounting principle and based on the accounting equation of Assets = Liabilities + Equity.
babysits on the weekends for extra money. Suppose that three neighbors with children are interested in paying Elizabeth to babysit their children. In particular, Mr. and Dr. Brown would be willing to pay $31 to have Elizabeth babysit their children, Mr. Smith would be willing to pay $28 for Elizabeth's babysitting services, and Professor Jones and Mr. Jones would be willing to pay $22 to have her watch their children. If Elizabeth offers to babysit each set of children for an evening for $22, what will be consumer surplus, considering the three sets of children combined? $nothing. (Enter your response using an integer.)
Answer:
$15
Explanation:
Consumer surplus is the price the consumer pay for good/service minus the amount the consumer is willing to pay for it.
✓Mr. and Dr. Brown would be willing to pay $31
✓Mr. Smith would be willing to pay $28
✓Professor Jones and Mr. Jones would be willing to pay $22
Elizabeth PRICE for babysitting each set of children for an evening = $22
Consumer surplus= Σ (price that the consumer is willing to pay- Price of the good/service is sold)
= [(31-22)+(28-22)+(22-22)]
= 9+6+0
=$15
Hence, Consumer surplus is $15
Suppose that during the past 3 years, equilibrium real GDP in a country rose steadily, from $ billion to $ billion, but even though the position of its aggregate demand curve remained unchanged, its equilibrium price level steadily declined, from to . What could have accounted for these outcomes, and what is the term for the change in the price level experienced by this country? A. Economic growth without an increase in aggregate demand; secular deflation. B. Recession with inflation; stagflation. C. Economic growth with an increase in aggregate demand; secular deflation. D. Increase in aggregate demand without economic growth: disinflation.
Answer:
A. Economic growth without an increase in aggregate demand; secular deflation.
Explanation:
THIS IS THE COMPLETE QUESTION;
✓What could have accounted for these outcomes?
The answer is "Economic growth without an increase in aggregate demand"
The logic is that Whenever there is increase in Aggregate demand, then there would be economic growth. And if the economy experience spare capacity, real GDP rises up,is recorded if there is a rise in Aggregate demand.
✓what is the term for the change in the price level experienced by this country?
The answer is secular deflation.
When there is mild consistent increase in Prices of goods/service for some periods of time, that long period is known as secular deflation period. This could be as a result of human conducts, production and distribution, unbalance on aspect of country money institution.
NOTE:
GDP is use to describe the growth rate as well as the economy of a state.
Aggregate demand is the total demand of all good/service that ha been produce in a particular period in an economy.
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, 2016, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2016, at a price of $640,000. The book value of the division’s assets was $1,090,000, resulting in a before-tax loss of $450,000 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.)
Answer:
Net income/loss 41,000
Earning per share:
Net Income 0.41
Explanation:
Preparation of an income statement for 2016 beginning with income from continuing operations
CHANCE COMPANY
Partial Income Statement
For the Year Ended December 31,2021
Income from continuing operations[a] $ 440,000
Discounted operations:
Loss from operations of discontinued component $ (570,000)
Income tax benefit $ 171,000
Loss on discontinued operations[b] $ (399,000)
Net income /[loss][a-b] $ 41,000
Earning per share: 100,000 Shares Outstanding
Income from continuing operations($ 440,000/100,000 Shares) $ 4.40
Loss from discontinued operations($ 399,000/100,000 Shares) $ (3.99)
Net Income($ 41,000/100,000 Shares) $0.41
Calculation of Loss from discontinued operations:
Loss from discontinued operations
Loss on sale of assets(1,090,000 - 640,000) $ (450,000)
Operating loss $ (120,000)
Total before -tax loss $ (570,000)
Less: Income Tax benefit(570,000*30%) $ 171,000
Loss after tax $ (399,000)
What is one argument in favor of the Fed using aggressive expansionary monetary policy during an economic crisis?
Explanation:
The central bank of a country is responsible for monitoring the monetary policy. An effective American monetary policy is based strictly on the situation presented. Request A Topic. Sign Up For Notifications.
Cost of Bank Loans Gifts Galore Inc. borrowed $1.6 million from National City Bank. The loan was made at a simple annual interest rate of 12% a year for 3 months. A 25% compensating balance requirement raised the effective interest rate. Do not round intermediate calculations. Round your answers to two decimal places. The nominal annual rate on the loan was 11.5%. What is the true effective rate? % What would be the effective cost of the loan if the note required discount interest? % What would be the nominal annual interest rate on the loan if the bank did not require a compensating balance but required repayment in three equal monthly installments? %
Answer: 23456
Explanation: its math
Barton Steel is considering the purchase of a new steel mill. The first option is a top of the line high efficiency mill with a cost of $25 million. This mill will generate cash flows of $10 million per year for the next six years. At the end of the sixth year, Barton will have to reclaim the land under the new mill at a cost of $15 million. The second option is an economy mill that will generate $4 million in cash flows for the next six years, but require no land reclamation. This mill costs $12 million. If Barton estimates its cost of capital to be 9.5% which project should they accept
Answer:
The first project should be chosen
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
To determine which project to accept, calculate the NPV for the two projects
The first option
Cash flow in year 0 = $-25 million
Cash flow each year for year 1 - 5 = $10 million
Cash flow in year 6 = $10 million - $15 million = $-5 million
I = 9.5
NPV = $10.50 million
Option two
Cash flow in year 0 = $-12 million
Cash flow each year for year 1 - 6 = $4 million
I = 9.5
NPV = $5.68 million
The first option should be chosen because the NPV of the first option yields the higher NPV
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Local Broad Cost Leader - Low priced products for the local region: our brands offer solid value. Our primary stakeholders are bondholders, customers, stockholders, and management. Global Broad Differentiator - Premium products for the industry across the globe: our brands withstand the test of time. Our primary stakeholders are customers, stockholders, management, and employees. Global Niche Cost Leader - Reliable products for low technology customers across the globe: our brands offer value. Our primary stakeholders are bondholders, stockholders, customers, and management. Global Niche Differentiator - Premium, tailored products for technology-oriented customers across the globe: our brands define the cutting edge. Our primary stakeholders are customers, stockholders, management, and employees. Which mission statement best represents the Baldwin Company
Answer: b. Innovation meets revolution. We create value of our customers around the world through breakthrough designs that lead to unique high-performance products.
Explanation:
Baldwin creates value around the world for a variety of customers. Using breakthrough designs, they are able to offer low prices to domestic consumers, premium products across the globe, low technology products for the people who prefer it and high technology for those who prefer that as well.
The first option is wrong because the global customers of Baldwin are not mentioned.
The third is wrong as well because they do not only build premium products as they build low technology products as well.
The fourth option is also wrong because it would seem that the low price is only offered domestically not across the world.