Answer:
A flexible expense is a type of business expense that can vary in amount from one period to the next.on the other hand Periodic expenses, on the other hand, are expenses that occur on a regular basis
Explanation:
A flexible expense is a type of business expense that can vary in amount from one period to the next. These expenses are typically not fixed and can be adjusted based on the needs of the business.
Periodic expenses, on the other hand, are expenses that occur on a regular basis, but not necessarily at the same intervals. These expenses may be fixed or variable in amount, and they may be related to the operation of the business or to the personal needs of the owner.
While both flexible expenses and periodic expenses can vary in amount, they are not necessarily the same thing. Flexible expenses are typically discretionary expenses that can be adjusted based on the needs of the business, while periodic expenses are more predictable and may be necessary for the operation of the business.
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Journal entries relating to capital
CW1 The following transactions are provided to you:
a) Mahesh commenced a business with cash of Rs.1,50,000.
b) Denju started a small business with cash of Rs.10,000 and furniture worth Rs.40,000.
c) Suresh started a business with cash of Rs. 25,000 and bank balance of Rs.75,000.
Required: Journal entries
Journal entries relating to drawing
ESD wants to determine the best order size for 2x4x6 pressure treated pine lumber required for making custom cabinets. ESD's estimated annual demand, ordering cost and carrying cost are provided below. Round your answer to the nearest whole number. Annual Demand: 6,750 boards Cost per Order: $225 Carrying Cost: $4.25
Answer:
the economic order quantity is 845 units
Explanation:
The computation of the economic order quantity is shown below;
As we know that
Economic order quantity is
= √2 × √annual demand × √ordering cost ÷ √carrying cost
= (√2 × √6750 × √$225) ÷ (√4.25)
= √3,037,500 ÷ √4.25
= √7,14,705.88
= 845 units
Hence, the economic order quantity is 845 units
An entity had the following account balances at year end. Sales $452,000 Cash 23,400 Accounts payable 14,300 Rent expense 3,700 Accounts receivable 9,400 Cost of goods sold 214,000 Land 104,000 Unearned revenue 6,800 Gain on sale 17,500 Equipment 28,800 Inventories 2,200 Notes payable 67,000 What is the amount of total current assets reported on the balance sheet
Answer:
Total Current Assets = 35000
Explanation:
The current assets are the assets of a business which are expected to be used or sold within a year. These assets normally include cash, cash at bank, accounts receivables, inventory etc. The total current assets for the given question will be,
Current Assets
Inventory 2200
Accounts Receivable 9400
Cash 23400
Total 35000
13. Oriole Corp. incurred $750,000 of research and development costs to develop a product for which a patent was granted on January 2, 2015. Legal fees and other costs associated with registration of the patent totaled $151,000. On March 31, 2018, Oriole paid $305,000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2018 should be
Answer:
The total amount capitalized for the patent through March 31, 2018 should be $456,000
Explanation:
All the costs incurred to make the asset usable will be capitalized.
The research cost is the sunk cost because it is already been incurred and it does not affect the decision of making the patent.
Hence the capitalized cost can be calculated as follow
Capitalized cost = Legal Fee for registration + Legal fee of successful defense of the patent
Capitalized cost = $151,000 + $305,000
Capitalized cost = $456,000
the required return on the stock of moe's pizza is 12.1 percent and after tax required return on the company's debt is 3.79 percent. the company's market value capital structure consists of 73 percent equity. the company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 2.2 percent. the tax rate is 40 percent. what is the required return for the new project
Answer:
7.65%
Explanation:
required return = (percent of stock x required return on stock) + (after tax cost of debt x percent of debt) - adjustment factor
Percent of debt = 100 - 73 = 27%
(12.1 x 0.73) + (3.79 x 0.27) - 2.2 = 7.65%
Samwell Subaru, a Dallas based car dealership, delivers every month two different 6-month sales forecasts to manufacturing headquarters (MHQ). MHQ has to bear a very high transshipment cost if the mismatch between the forecasted and actual order is very high, so the company wants to accentuate large deviations. Which forecast accuracy measure should be used to evaluate different forecasting methods
Answer:
"MSE (Mean Squared Error)" is the appropriate answer.
Explanation:
It appears to emphasize major mistakes because that is the squares of such mistakes, which seems to be a significant indication including feedback upon that fitness of the regression equation. The use of MSE means that rather than a big one, an individual would like to have many minor differences.2 points Time Remaining 5 minutes 36 seconds00:05:36 eBookItem 2 Time Remaining 5 minutes 36 seconds00:05:36 Brad proposed the purchase of a new Toshiba copier to his boss, Chin. Chin said that he has always used and liked Xerox copiers, but when he thinks about it later, he realizes he does not really feel strongly about the brand of copy machine used in the office. Chin should probably adopt a(n) ________ conflict-handling style when trying to resolve this matter with Brad. Multiple Choice compromising collaborating accommodating avoiding forcing
Answer: accommodating
Explanation:
Conflict management simply means how dispute can be solved. We've different conflict management styles such as accommodating, avoiding, compromising, collaboration and competing.
With regards to the question, the conflict-handling style that Chin should adopt when trying to resolve this matter with Brad is "accommodating".
This style is about simply putting the other parties needs before one's own. You allow them to ‘win’ and get their way.
Accommodation is typically used to keep peace and in situations whereby an individual doesn’t really care like the other person involved.
The candy company is considering a new manufacturing process that costs $0.30 per unit for the first 400,000 units. For additional units, up to 725,000, the cost is $0.20 per unit. For all additional units over 725,000, the cost is $0.10 per unit. Which of the following ranges of total units contains the point where the cost of the new process is equal to the cost of the original process (where the cost is $0.21 for the first 500,000 units and $0.13 for all additional units)?
a. From 2,335,000 to 2,345,000
b. From 2,325,000 to 2,335,000
c. From 2,345,000 to 2,355,000
d. From 2,365,000 to 2,375,000
The Ralston Company manufactures a special line of graphic tubing items. The company estimates it will sell 87,000 units of this item in 2020. The beginning finished goods inventory contains 32,000 units. The target for each year's ending inventory is 22,000 units. Each unit requires five feet of plastic tubing. The tubing inventory currently includes 88,000 feet of the required tubing. Materials on hand are targeted to equal 3 months' production. Any shortage in materials will be made up by the immediate purchase of materials. Sales take place evenly throughout the year. What is the production budget (in units) for 2020
Answer:Production budget for 2020 =77,000 units
Explanation:
Production budget also referred to as manufacturing budget tells a business the expected units needed to be produced which depends on the sales budget in the inventories ( both closing and opening) so as to meet customers demand.
Units produced = Projected sales + desired ending inventory – beginning inventory
Units Produced/ Production budget for 2020 =87,000 + 22,000 - 32,000
= 77,000 units
0
Antonia is a nonresident of California who is under 50 years of age. During the year, she worked temporarily in California. Her California compensation is $1,000, which she reported on Schedule CA (540NR), column E. Her Federal compensation is $10,000. Her allowable IRA deduction on her Federal return is $5,000. Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), Part II, line 19, column E, is what amount?
Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), column E is B. $1,000.
What is tax deduction?An option to lower taxable income is a tax deduction. A standard deduction is a single, predetermined deduction. Higher-income taxpayers frequently have significant deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, which is why itemized deductions are popular.
The amount of the California deduction for IRA is the same as the federal deduction. However, the California deduction may be limited by California compensation or by California self-employment income.
Therefore her deduction would be $1000.
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Antonia is a nonresident of California who is under 50 years of age. During the year, she worked temporarily in California. Her California compensation is $1,000, which she reported on Schedule CA (540NR), column E. Her Federal compensation is $10,000. Her allowable IRA deduction on her Federal return is $5,000. Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), column E, is what amount? a) $0 b) $1,000 c) $2,000 d) $4,000
Answer: B
Explanation: As a NR She is able to claim the amount of her CA earned income.
What is the modified internal rate of return (MIRR) of this project? Assume that the required rate is 12%
Year CF
0 $5,500
1 $450
2 $1,800
3 $3,200
4 $550
5 $2,130
:
a.
Which of the following environmental justice policies would the Environmental Protection Agency be least interested in
and able to support?
fair treatment
b. legal policies
C. social justice
d. corrective justice
Please select the best answer from the choices provided
B
Оооо
D
Answer:
C
Explanation:
EDGE
In the financial abbreviation APR, the A stands for _______. a. approved, b. annual, c. actual, d. average
The answer is option B: "annual."
APR stands for "Annual Percentage Rate." It is a term used to describe the annualized interest rate charged on a loan or credit card. APR is a measure of the cost of borrowing money and is expressed as a percentage. It includes not only the interest rate on the loan, but also any additional fees or charges that may be associated with borrowing the money. The APR helps borrowers compare the costs of different loans and credit cards, as it reflects the true annual cost of borrowing money.
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2. What are bribery and/or corruption? And what do you think is their impact in a company, community, and country?
Bribery is the act of offering, giving, receiving, or soliciting something of value for the purpose of influencing the action of an official or other person in charge of a public or legal duty. Corruption is the abuse of entrusted power for private gain.The impact of bribery and corruption on a company can be significant. It can damage the company's reputation and lead to lost business and decreased investor confidence. Bribery and corruption can also increase the company's cost of doing business, as it may have to pay more to bribe officials or deal with the consequences of being caught engaging in corrupt practices.The impact of bribery and corruption on a community can be equally significant. It can lead to the misallocation of resources, as officials may prioritize their own interests or those of the people bribing them over the needs of the community. Corruption can also undermine trust in government and other institutions, leading to social unrest and lower levels of civic engagement.The impact of bribery and corruption on a country can be far-reaching. It can discourage foreign investment and undermine economic development, as investors may be wary of investing in a country with a reputation for corruption. Corruption can also lead to the misallocation of resources and the mismanagement of public funds, which can have negative consequences for the country's infrastructure and the delivery of public services. In addition, corruption can erode trust in government and contribute to social unrest and political instability.
In 2017, Bust Company requested and received permission from the IRS to switch its accounting method from the cash method to the accrual method. Taxable income in 2017 (computed under the accrual basis) was $110,000. At the end of 2017, Bust had accounts receivable of $32,000; accounts payable of $27,000; and merchandise inventory of $10,000. Determine Bust Company's taxable income after all (if any) adjustments. Is any relief available to Bust Company
Answer:
$105,000
Explanation:
Calculation to determine Bust Company's taxable income after all adjustment
Using this formula
Taxable income after Adjustment=Taxable income in 2017-(accounts receivable-accounts payable )
Let plug in the formula
Taxable income after Adjustment=$110,000-($32,000-$27,000)
Taxable income after Adjustment=$110,000-$5,000
Taxable income after Adjustment=$105,000
Therefore Bust Company's taxable income after all adjustment is $105,000
Clemmens Corporation has two major business segments: Consumer and Commercial. Data for the segments and for the company for August appear below: Sales revenues, Consumer $390,000 Sales revenues, Commercial $530,000 Variable expenses, Consumer $179,000 Variable expenses, Commercial $265,000 Traceable fixed expenses, Consumer $59,000 Traceable fixed expenses, Commercial $64,000 In addition, common fixed expenses totaled $265,000 and were allocated as follows: $135,000 to the Consumer business segment and $130,000 to the Commercial business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is: Group of answer choices $88,000 $353,000 $476,000 -$177,000
Answer:
Net Operating income of the company is $88,000.
Explanation:
Segmented Income Statement
Consumer Commercial Total
Sales revenue 390000 530000 920000
Less: Variable cost 179000 265000 444000
Contribution margin 211000 265000 476000
Less: Traceable fixed cost 59000 64000 123000
Segment margin 152000 201000 353000
Less: Common Fixed cost 265000
Net Operating income 88000
The probability that inventory will remain in stock based upon a specified level of Safety Stock is called: A. The Order-Up-To Level B. The Odds of Fulfillment C. The Odds of Stockout D. The Service Level E. The Inventory Position
Answer:
The answer is "Option D".
Explanation:
The system's performance is gauged only by the level of service. The quality of service specifies the percentage of such goals which should be met. That likelihood of stock remaining in inventory based on a set level of Security Stock is referred to as the service level. Ex: In a contact center, the number of calls that are addressed. That percentage of consumers who have waited less than a fixed amount of time.
The probability that inventory will remain in stock is based upon a specified level of safety stock, which is called the service level stock.
Safety stock safeguards and maintains the effective production process of the organization during the busy season or unexpected rise in demand.
Service level stock states the probability about the stock of inventory that is with the business at the time of lead would be sufficient to fulfill the demand and production requirements. Thus, the situation of stock out would not be seen during the lead period.
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McCormick Corp. reported the following on its comparative income statement:
Mariner Corp.
Income Statement - (Partial)
Years Ended December 31, 2019 and 2018
Increase (Decrease)
2019 2018
(Amounts in
millions) 2019 2018 2017 Amount Percentage Amount Percentage
Revenues 9,575 $9,300 $8,975
Cost of
Goods Sold 7,240 6,800 6,100
Gross Profit $2,335 $2,500 $2,875
Prepare a horizontal analysis of revenues and gross profit—both in dollar amounts and in percentages—for 2025. Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profit—both in dollar amounts and in percentages—for 2025.
Answer:
McCormick Corp.
Horizontal Analysis of Revenues and Gross Profit:
Income Statement - (Partial)
Years Ended December 31, 2019 and 2018
Increase (Decrease)
2019 2018
(Amounts in millions)
2019 2018 2017 Amount % Amount %
Revenues 9,575 $9,300 $8,975 $275 2.96% $325 3.62%
Cost of
Goods Sold 7,240 6,800 6,100 $440 6.47% $700 11.5%
Gross Profit $2,335 $2,500 $2,875 -$165 -6.6% -$375 -13%
Explanation:
a) Data and Calculations:
Income Statement - (Partial)
Years Ended December 31, 2019 and 2018
Increase (Decrease)
2019 2018
(Amounts in millions)
2019 2018 2017 Amount % Amount %
Revenues 9,575 $9,300 $8,975
Cost of
Goods Sold 7,240 6,800 6,100
Gross Profit $2,335 $2,500 $2,875
Workings:
Revenue:
2019 = $275/$9,300 * 100 = 2.96%
2018 = $324/$8,975 * 100 = 3.62%
Cost of goods sold:
2019 = $440/$6,800 * 100 = 6.47%
2018 = $700/$6,100 * 100 = 11.5%
Gross profit:
2019 = $(165)/$2,500 * 100 = -.6.6%
2018 = $(375)/$2,875 * 100 = -13%
MNO was a partnership which contracted for and performed all types of painting jobs. Before the partnership was dissolved, MNO had entered into a contract under which MNO was to paint every room in the state capitol building. At the time of the partnership dissolution, MNO had not yet performed the work called for by such contract. If the partners involved in the winding up elect to perform the contract, they:
Answer: a. have the authority to enter into new contracts with subcontractors, material suppliers, and workers
Explanation:
If the partners elect to finish the job, they will legally have the authority to enter into new contracts with the necessary outside contractors needed to get the job done.
This is because the job was agreed to with the partners and with the dissolution of the partnership, contracts with these contractors were cancelled. Since the partners however want to pursue the job, they are free to do so but will need to get new contracts to replace the old cancelled ones.
Refer to Figure 5-1. With reference to Graph A, at a price of $10, total revenue equals:
A. $ 1,000.
B. $ 500.
C. $ 400.
D. $ 200.
Question 8
Refer to Figure 5-1. With reference to Graph A, at a price of $5, total revenue equals:
A. $200.
B. $400.
C. $500.
D. $1,000.
Question 9
Refer to Figure 5-1. Graph B represents a demand curve that is relatively . . Total revenue as the price decreases from $10 to $5.
A. inelastic; decreases
B. elastic; decreases
C. elastic, increases
D. inelastic; increases
According to the Graph A, at a price of $10, total revenue equals $ 400. Graph A, at a price of $5, total revenue equals $ 500. So, the correct option is 1(C), 2(C), 3(A).
What do you mean by the demand curve?A visual illustration of the link between product price and quantity desired in economics. The graph is built with amount demanded on the horizontal axis and price on the vertical axis.
Individual demand curves and market demand curves are the two forms of demand curves. A graphic depiction of the demand timetable is shown.
Here,
(1) With reference to Graph A:-
Price = $10
Corresponding quantity demanded = 40
Total Revenue= Price × Demand
Total Revenue = 10 × 40
Total Revenue = $ 400.
(2) With reference to Graph A:-
Price = $5
Corresponding quantity demanded = 100
Total Revenue= Price × Demand
Total Revenue = 5 × 100
Total Revenue = $ 500
(3) With reference to graph B, the demand is relatively inelastic as there is no major change in the quantity demanded due to greater price change. The total revenue also decrease when price decreases from $10 to $ 5.
Total Revenue at Price $10 = 10*30 = $300
Total Revenue at Price $5 = 5 * 40 = $200
So there is a decrease of total revenue by an amount of $100.
Hence, it represents the inelastic; decreases.
Therefore, from the following statements:
The Graph A, at a price of $10, total revenue equals $ 400. The Graph A, at a price of $5, total revenue equals $ 500. It represents the inelastic; decreases.To know more about the demand curve, visit:
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A one-year Future contract is an agreement where
PLEASE HELP!
How many years would it take to earn $225 on a $750 investment at 5% simple interest?
Answer:
T = 6 years
Explanation:
Given that,
Principal, P = $750
Interest = $225
Rate of interest = 5%
We need to find in how many years it would take to earn $225 on a $750 investment at 5% simple interest. The formula for simple interest is given by :
[tex]I=\dfrac{PRT}{100}\\\\T=\dfrac{100I}{PR}\\\\T=\dfrac{100\times 225}{750\times 5}\\\\T=6\ years[/tex]
So, the required time is 6 years.
Benny’s Arcade has six video game machines. The aver-
age time between machine failures is 50 hours. Jimmy, the
maintenance engineer, can repair a machine in 15 hours
on average. The machines have an exponential failure
distribution, and Jimmy has an exponential service-time
distribution.
a. What is Jimmy’s utilization?
b. What is the average number of machines out of service,
that is, waiting to be repaired or being repaired?
c. What is the average time a machine is out of service?
Jimmy's utilization is 30%, The average number of machines out of service that is, waiting to be repaired or being repaired is 43%, and The average time a machine is out of service is 21.43 hours.
What do you mean by Service rate?Service rate is used to calculate the rate or supply of service in any business.
Data given ;
Arrival rate (λ) = 1/50
Service rate (µ ) = 1/15
a) Utilization (P) = λ/µ
= 1 / 50 / 1 / 15
= 15 / 50
= 0.30
= 30%
b) Average number of out-of-service machines waiting to be repaired or being repaired (L) = q / λ
= (p²/1-p) / λ
= (0.30²/1-0.30) × 1/50
= 0.129 × 1/50
= 6.43
Average time spent by out-of-service machines waiting to be repaired, or being repaired
W = Wq + 1 / µ
= 6.43 + 15
= 21.43
The average number of machines out of service that is, waiting to be repaired or being repaired
L = λW = 21.43/50 = 0.43
3:00
c) Average time spent by out-of-service machines waiting to be repaired, or being repaired.
W = Wq + 1 / µ
= 6.43 + 15
= 21.43
Therefore, Jimmy's utilization is 30%, The average number of machines out of service that is, waiting to be repaired or being repaired is 43%, and The average time a machine is out of service is 21.43 hours.
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Mr. and Mrs. Maxwell are equal partners in Family partnership. The Maxwell's marginal tax rate is 35%. Next year, the partnership is expected to generate $200,000 of ordinary income. The Maxwells are considering transferring 20% interests in the partnership to each of their children. Their daughter, Melissa, has a 12% marginal tax rate. Their son, Mark, has a 22% marginal tax rate. Calculate the expected annual tax savings to the family from the proposed transfer of partnership interests.
Answer:
The right answer is "$14,400". A further solution is provided below.
Explanation:
The given values are:
Ordinary income,
= 200,000
Maxwell's marginal rate,
= 35%
Melissa's marginal rate,
= 12%
Mark's marginal rate,
= 22%
Now,
Form transfer to Melissa, the savings will be:
= [tex]200000\times .2\times (35 - 12) \ percent[/tex]
= [tex]920 0[/tex] ($)
Form transfer to Mark, the savings will be:
= [tex]200000\times .2\times (35-22) \ percent[/tex]
= [tex]5200[/tex] ($)
hence,
The expected annual tax savings will be:
= [tex]9200+5200[/tex]
= [tex]14,400[/tex] ($)
Which of the following statements about effective global leadership are NOT true?
A. In collectivist cultures, employees typically value their autonomy, and are unlikely to be motivated by fringe benefits and training provided by the employer.
B. High power distance implies that people would be more motivated by teamwork and relations with peers.
C. High masculinity suggests that most people would be more comfortable with the traditional division of work and roles; in a more feminine culture, the boundaries could be looser, motivating people through more flexible roles and work networks.
D. The higher the level of "masculinity" (such as in Japan and Mexico), the more motivated employees were by being given opportunities for high pay, personal accomplishment, and job advancement.
E. Traditional Chinese management style focuses on human-centredness, family-centredness, and centralisation of power.
High power distance suggests that individuals would be more motivated by group dynamics and peer relationships. As a result, choice (B) is appropriate.
What is global leadership?Global leadership is the interdisciplinary study of the critical skills that future leaders in all spheres of the personal experience should master in order to effectively become familiar with the psychological, physiological, geographical, geopolitical, anthropological, and sociological effects of globalization.
When a person or people use a global mentality to lead collaborative efforts between various stakeholders through an environmental complexity toward a vision, this is known as global leadership. To enable today's complicated processes of information sharing around the world, global leaders must be able to connect people from different nations and engage them in global team collaboration.
Hence option (B) is accurate.
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The Simon Company (SIMON) currently has $300,000 market value (and book value) of perpetual debt outstanding carrying a coupon rate of 6%. Its earnings before interest and taxes (EBIT) are $150,000, and it is a zero growth company. SIMON's current cost of equity is 8.8%, and its tax rate is 40%. The firm has 10,000 shares of common stock outstanding selling at a price per share of $90.00.Now assume that SIMON is considering changing from its original capital structure to a new capital structure that results in a stock price of $96 per share. The resulting capital structure would have a $504,000 total market value of equity and a $756,000 market value of debt. How many shares would SIMON repurchase in the recapitalization
Answer:
The answer is "4,750"
Explanation:
They have indeed been given the information that we require.
The current market cap for Simon Company (SIMON) is $300,000.
rate= 6%
EBIT=$150,000
The business has no plans to expand.
The current cost of capital is 8.8%,
The tax rate is 40%.
The company has 10,000 shares of common stock mostly on market.
The stock is being offered at a $90.00 per share price.
Assume SIMON is considering switching in its current financial performance to one that results in a share price of $96 per share.
The resultant capital structure would have a combined valuation of $504,000 in capital and $756,000 in equity.
Remaining Shares= equity market value / per share price
[tex]n =\frac{S}{P} \\\\= \frac{\$504,000}{ \$96}\\\\= \$5,250[/tex]
The initial number of shares minus the resultant number of shares equals the number of repurchased shares:
AJC will buy back a certain number of shares.
[tex]= 10,000 - 5,250\\\\= 4,750\\[/tex]
Question Content Area Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of its fiscal year, Chin Company issued $21,000,000 of five-year, 9% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 11%, resulting in Chin receiving cash of $19,417,090.
The bonds were issued at a market (effective) interest rate of 11%, resulting in Chin receiving cash of $19,417,090.The journalize entries to record the issuance of the bonds.
What is market?In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange
Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced.
Market participants consist of all the buyers and sellers of a good who influence its price, which is determined by the market forces of supply and demand.
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You live in the U.S. and want to invest in a Japanese company because you believe its stock is uniquely positioned to be unusually profitable over the next 2 years. However, you do not have access to the Japanese financial markets. You could still invest in this stock if the company: a. issues Samurai bonds. b. will agree to a swap. c. issues Eurobonds. d. trades as an ADR. e. issues gilts.
Answer: d. trades as an ADR
Explanation:
American Depository Receipts (ADR) allow for Americans to trade on foreign stock as if they were trading in American stocks. It works by a bank buying a lot of shares in the Japanese company for instance.
They will then reissue these stock as ADRs in the American stock exchanges and also value the ADR based on their valuation models to find out the ratio of ADR to share quantity. If the Japanese company is trading as an ADR. you will be able to invest in them from the United States.
Read the scenario, and answer the question.
Enrique interviewed for a copyeditor position six days ago. He decides to write a follow-up e-mail to ask how the decision process is going. He composes a first draft, but he knows that he will need to make some revisions.
To Whom It May Concern: My interview last week was enjoyable. Thank you. I am still interested in the job. In fact, I really, really need a job in the next week. I haven't heard anything from you or the human resources representative, and I am wondering what the holdup is. I'm very eager to know your decision, so if you could hurry things up, I would greatly appreciate it. I look forward to hearing from you.
Sincerely,
Enrique Heller
Choose one possible revision suggestion for the previous follow-up letter.
a. Include a statement informing the interviewer that you will call until you get an answer.
b. Include a date when he expects to hear from the prospective employer.
c. Identify the position he applied for and the date of the interview.
Answer:
One possible revision suggestion for the previous follow-up letter is to:
c. Identify the position he applied for and the date of the interview.
Explanation:
Stating clearly the position that Enrique interviewed for and the the date of the interview will enable the interviewer to reconsider the candidacy of Enrique for the copy-editor position. However, the wording of his first draft of the follow-up email sounds too condescending. Enrique should not display some desperation in his job-search effort.
On April 1, 2020, Republic Company sold equipment to its wholly owned subsidiary, Barre Corporation, for $40,000. At the time of the transfer, the asset had an original cost (to Republic) of $60,000 and accumulated depreciation of $25,000. The equipment has a five year estimated remaining life. Barre reported net income of $250,000, $270,000 and $310,000 in 2020, 2021, and 2022, respectively. Republic received dividends from Barre of $90,000, $105,000 and $120,000 for 2020, 2021, and 2022, respectively. What was the amount of the gain or loss on the sale of equipment reported by Republic on its pre-consolidation income statement in 2020
Answer:
Republic Company and Barre Corporation
The amount of the gain or loss on the sale of equipment reported by Republic on its pre-consolidation income statement in 2020 is:
= $5,000.
Explanation:
a) Data and Calculations:
Original cost of Equipment sold to subsidiary = $60,000
Accumulated depreciation of the equipment = 25,000
Book value of equipment = $35,000
Sales proceeds for the sale of the equipment 40,000
Gain on the sale of the equipment = $5,000
Reported net income of Barre Corporation:
2020 $250,000
2021 $270,000
2022 $310,000
Dividends received by Republic from Barre:
2020 $90,000
2021 $105,000
2022 $120,000