To set up the accounts for the following transactions, we would need to create the following accounts in the general ledger.
Cash
Accounts Receivable
Office Equipment
Accounts Payable
Notes Payable
Common Stock
Advertising Revenue
Want Ad Revenue
Printing Expense
Advertising Expense
Utilities Expense
Salaries Expense
Rent Expense
Delivery Expense
The following transactions are recorded in the general journal:
Issued common stock for $50,000 cash
Debit Cash $50,000
Credit Common Stock $50,000
Purchased office equipment on account for $10,000
Debit Office Equipment $10,000
Credit Accounts Payable $10,000
Received $5,000 cash from a customer on account
Debit Cash $5,000
Credit Accounts Receivable $5,000
Paid $2,000 cash for printing expenses
Debit Printing Expense $2,000
Credit Cash $2,000
Sold advertising for $3,000 cash
Debit Cash $3,000
Credit Advertising Revenue $3,000
Received $2,000 cash for want ad revenue
Debit Cash $2,000
Credit Want Ad Revenue $2,000
Incurred $1,500 in advertising expenses on account
Debit Advertising Expense $1,500
Credit Accounts Payable $1,500
Paid $1,000 cash for utilities expense
Debit Utilities Expense $1,000
Credit Cash $1,000
Paid $4,000 cash for salaries expense
Debit Salaries Expense $4,000
Credit Cash $4,000
Paid $3,000 cash for rent expense
Debit Rent Expense $3,000
Credit Cash $3,000
Borrowed $15,000 cash by signing a note payable
Debit Cash $15,000
Credit Notes Payable $15,000
Purchased office supplies on account for $500
Debit Office Supplies $500
Credit Accounts Payable $500
Delivered goods to a customer on account for $2,500
Debit Accounts Receivable $2,500
Credit Delivery Expense $2,500
The above journal entries are recorded in the respective accounts to keep track of the transactions.
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Discuss how the Environmental, Social, and Corporate Governance (ESG) factors affect capital budgeting in the company you select or the firm you are currently working for. State an obvious effect and another effect that is not so obvious to outsiders.
The Environmental, Social, and Corporate Governance (ESG) factors play a crucial role in capital budgeting decisions in a company. These factors can influence the allocation of capital in various ways.
One obvious effect of ESG factors on capital budgeting is the impact on the cost of capital. Companies with strong ESG practices tend to have a lower cost of capital as they are considered less risky by investors. This means that these companies can raise capital at a lower cost, which can positively impact their capital budgeting decisions.
Another less obvious effect of ESG factors on capital budgeting is the impact on the company's reputation. Companies with strong ESG practices tend to have a better reputation, which can lead to increased customer loyalty and brand value. This can positively impact the company's cash flows, which in turn can positively impact capital budgeting decisions.
Overall, ESG factors can have a significant impact on capital budgeting decisions in a company. Companies with strong ESG practices tend to have a lower cost of capital and a better reputation, which can positively impact their capital budgeting decisions.
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_____ is a pattern of action by the members of an organization that directly or indirectly influences organizational effectiveness.a. Positive affectivityb. General adaptation syndromec. Workplace behaviord. Job satisfaction
Workplace behavior is a pattern of action by the members of an organization that directly or indirectly influences organizational effectiveness. Therefore the correct answer is c. Workplace behavior.
Workplace behavior is a pattern of action by the members of an organization that directly or indirectly influences organizational effectiveness. It includes how employees interact with each other, how they perform their tasks, and how they respond to different situations in the workplace.
Positive workplace behavior can lead to increased productivity, better teamwork, and higher levels of job satisfaction. Negative workplace behavior, on the other hand, can lead to conflicts, decreased productivity, and low morale.
Therefore, it is important for organizations to foster positive workplace behavior in order to achieve organizational effectiveness. Therefore the correct answer is c. Workplace behavior.
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BackgroundA virus named Covid-Zetta is spreading across the world with high contagious and mortality rates. Many countries have tried to tackle the virus with various measures. Human interactions have to be limited and Work from Home (WFH) needs to be imposed. Fortunately, a newly invented vaccine, Anti Zetta Vaccine (AZV), has been proven to be 90% effective against the virus.The Singapore government has set up a Covid-Zetta Task Force chaired by the Minister for Health to fight against the virus. One of Task Force’s impetus is to vaccinate the citizens with AZV. As a start, a Vaccination Centre with vaccine storage facility has to be established. The Task Force names it the Covid-Zetta Vaccination Centre (CVC) Project.Section 1: Leading the Project and Managing the Project TeamQuestion 1(a) Assume you are a senior civil servant from the Ministry of National Development. You are seconded to and asked by the Task Force to carry out the CVC Project. Appraise each of the seven (7) factors that influence the choice of Project Management Structure and rate it as low, medium or high on the project. Hence recommend the most appropriate CVC Project Management Structure.
In order to recommend the most appropriate CVC Project Management Structure, it is important to appraise each of the seven (7) factors that influence the choice of Project Management Structure. They include Resource availability, Organizational culture, Project importance, Organizational constraints etc.
In order to recommend the most appropriate CVC Project Management Structure, it is important to appraise each of the seven (7) factors that influence the choice of Project Management Structure. These seven factors are:
Resource availability: This refers to the availability of personnel and materials that are needed for the project. High resource availability will influence the choice of project management structure.
Project complexity: The complexity of the project will influence the choice of project management structure. If the project is complex, a more detailed and rigid structure might be chosen.
Project risk: The project risk will also influence the choice of project management structure. If the project is deemed to be risky, a more structured approach is usually preferred.
Project duration: The duration of the project will also have an impact on the project management structure. If the project is of a longer duration, a more detailed structure is usually preferred.
Organizational culture: The organizational culture will also influence the choice of project management structure. If the organizational culture is more rigid and hierarchical, a hierarchical structure may be preferred.
Project importance: The importance of the project will also have an impact on the project management structure. If the project is of a high importance, a more structured approach is usually preferred.
Organizational constraints: Organizational constraints such as budget and timeline will also influence the choice of project management structure. A more structured approach may be chosen in order to meet the constraints.
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Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law? group of answer choices john rawls john stuart mill immanuel kant milton friedman
Milton Friedman argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law.
The person who argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law is Milton Friedman.
Milton Friedman was an American economist, statistician, and writer who was a prominent figure in the field of economics during the second half of the 20th century. He was awarded the Nobel Memorial Prize in Economic Sciences in 1976 for his work in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.
In his famous article, "The Social Responsibility of Business is to Increase its Profits," published in The New York Times Magazine in 1970, Friedman argued that the social responsibility of businesses was to increase profits within the boundaries of the law. According to Friedman, a corporate manager's primary responsibility was to the shareholders of the organization, and they should make the company as profitable as possible while also complying with the law.
Friedman believed that the pursuit of profit would ultimately lead to the greatest benefit for society. He argued that the pursuit of social responsibility by businesses was actually a form of taxation, where businesses were being forced to divert resources away from productive activities and towards social programs. This, he claimed, was detrimental to the economy and society as a whole.
Friedman's ideas were controversial, and his views on social responsibility were criticized by many. Some argued that businesses had a broader responsibility to society and should take into account the impact of their actions on stakeholders other than shareholders.
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Finelay Construction Company has three employees who are paid on the 1st and 16th of each month for the work they performed in the preceding half-month (paid semi-monthly; for instance, Jan 1-15 work is paid Jan 16; and Jan 16-31 work is paid Feb 1). For the pay period February 16 to February 28, each employee is owed gross pay of $1,150, but each one must have 15% of their gross pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.7% of their gross pay and pay Employment Insurance premiums of 1.58% of their gross pay. Each employee has $19 of union dues deducted from their paycheque. uciail Requirements: 1. Prepare the payroll general journal entries required to reflect these amounts for the pay period February 16 - 28, along with Finelay's share of CPP contributions and El premiums, in Finelay's February 28 financial statements. Recall that both employers and employees make contributions to CPP and EI. 2. Show what Finelay would report on its balance sheet at February 28, and on its income statement for the month ended February 28 before the payment is made. 3. Prepare the payroll general journal entries required to reflect: (i) the payment of the February 16-28 payroll liabilities to the Canada Revenue Agency (CRA) on March 10, and (ii) the payment of the union dues to Unifor Union Local #123 on March 13.
To answer the question, Finelay Construction Company has three employees who are paid on the 1st and 16th of each month for the work they performed in the preceding half-month (paid semi-monthly; for instance, Jan 1-15 work is paid Jan 16; and Jan 16-31 work is paid Feb 1).
For the pay period February 16 to February 28, each employee is owed gross pay of $1,150, but each one must have 15% of their gross pay withheld for income taxes.
Each must also make Canada Pension Plan contributions of 5.7% of their gross pay and pay Employment Insurance premiums of 1.58% of their gross pay. Each employee has $19 of union dues deducted from their pay cheque.
1. Payroll General Journal Entries Required
The payroll general journal entries required to reflect these amounts for the pay period February 16 - 28, along with Finelay's share of CPP contributions and EI premiums, in Finelay's February 28 financial statements would be as follows:
Debit Salaries Expense for $3420 (3 employees x $1150 gross pay)Credit Taxes Withheld for $517 (15% x 3 employees x $1150 gross pay)Debit CPP Expense for $201.10 (5.7% x 3 employees x $1150 gross pay)Credit CPP Payable for $201.10Debit EI Expense for $63.54 (1.58% x 3 employees x $1150 gross pay)Credit EI Payable for $63.54Debit Union Dues Expense for $57 (3 employees x $19 union dues)Credit Union Dues Payable for $572. Balance Sheet and Income Statement Before Payment is Made
On the balance sheet on February 28, Finelay would report:
Salaries Expense of $3420Taxes Withheld of $517CPP Payable of $201.10EI Payable of $63.54Union Dues Payable of $57On the income statement for the month ended February 28 before the payment is made, Finelay would report a net income of $2831.36 (total salaries expense of $3420 minus total taxes withheld of $517).
3. Payroll General Journal Entries Required to Reflect Payment
The payroll general journal entries required to reflect the payment of the February 16-28 payroll liabilities to the Canada Revenue Agency (CRA) on March 10, and the payment of the union dues to Unifor Union Local #123 on March 13 would be as follows:
Debit Cash for $779.10 (CRA Payment)Credit Taxes Withheld for $517Credit CPP Payable for $201.10Credit EI Payable for $63.54Debit Cash for $19 (Union Dues Payment)Credit Union Dues Payable for $19To know more about Payroll General Journal, refer here:
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Why is it important to regularly monitor/ review implemented
treatment/s or controls of business risk against measures of
success? Give three reasons.
It is important to regularly monitor and review implemented treatments or controls of business risk against measures of success for the following reasons are Effectiveness, Compliance, Continuous Improvement.
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You have invested in a hedge fund that charges you 2 and 20, 2% of your portfolio value at the start of every year and 20% of your returns in excess of the market. (Just as an illustration, if you invest $10,000 in this fund, and the fund earns 15%, in a year where the market makes 10%, your portfolio will be worth $11,200 at the end of the year = 10000 *(1+(.15-(.15-.10)*.2)) - 10000*.02). Over the last 3 years, the returns on the hedge fund and the market are as listed below:
Year Hedge Fund S&P 500
1 -8% -3%
2 28% 20%
3 18% 15%
Assuming that the fund has the same risk as the market, and you invest $100,000, estimate how roughly much more or less money (in dollar terms) you made investing in this fund, instead of an S&P 500 index fund.
Question 4 options: $ (15,000)
$ (10,000)
$ (5,000)
$ 2,500
$ 10,000
You made roughly $2,500 less investing in the hedge fund, instead of an S&P 500 index fund.
To estimate how much more or less money you made investing in the hedge fund, instead of an S&P 500 index fund, we need to calculate the returns of both the hedge fund and the S&P 500 index fund for each year, and then compare them.
For the hedge fund, the returns are calculated as follows:
Year 1: $100,000 * (1 + (-0.08 - (-0.08 - (-0.03)) * 0.2)) - $100,000 * 0.02 = $91,200
Year 2: $91,200 * (1 + (0.28 - (0.28 - 0.20) * 0.2)) - $91,200 * 0.02 = $114,336
Year 3: $114,336 * (1 + (0.18 - (0.18 - 0.15) * 0.2)) - $114,336 * 0.02 = $131,998.72
For the S&P 500 index fund, the returns are calculated as follows:
Year 1: $100,000 * (1 + (-0.03)) = $97,000
Year 2: $97,000 * (1 + (0.20)) = $116,400
Year 3: $116,400 * (1 + (0.15)) = $133,860
Therefore, the difference between the two investments is:
$2,500
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As owner of the Rigola Cinema Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far:You have decided to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $250.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $250.00, so you decide to consider this a fixed cost. Booth rental, which is acontractual cost at $50.00 for each booth per night, is also a fixed cost.ITEM SELLING PRICE VARIABLE COSTSoft drink $1 $0.65Tea 1.75 0.95Coffee 1 0.3Candy 1 0.314)What is the break-even volume per evening performance?Select 986.26 as your answer 986.26Select 982.56 as your answer 982.56Select 856.56 as your answer 856.56Select 1200.26 as your answer 1200.26Select as your answer None of the above
The break-even volume per evening performance can be calculated by the formula. The break-even volume per evening performance is 215.61. Therefore the correct answer is None of the above.
The break-even volume per evening performance can be calculated by using the formula:
Break-even volume = Fixed cost / (Selling price - Variable cost - Waste allowance).
Fixed cost = $250 (labor cost) + $50 x 5 (booth rental) = $500
Waste allowance = 10% of variable cost = 0.1 x ($0.65 + $0.95 + $0.3 + $0.31) = $0.221
Selling price = $1 + $1.75 + $1 + $1 = $4.75
Variable cost = $0.65 + $0.95 + $0.3 + $0.31 = $2.21
Break-even volume = $500 / ($4.75 - $2.21 - $0.221) = $500 / $2.319 = 215.61
Therefore, the break-even volume per evening performance is 215.61.
The correct answer is None of the above.
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Question:
Adele is planning for retirement. She would like to have $75,000 in her hand at the beginning of her first year of retirement at age 65 to live on for the year. She estimates that the amount will have to grow by 6% every year to keep up with inflation. What APR (nominal rate per year) should her retirement account earn if it is compounded continuously. She plans to deposit $21,000 on her 40th birthday and plans to keep increasing the deposits by 6% every year and till her 64th birthday. She estimates her life expectancy to be 85, meaning she would like to have the last retirement payment on her 85th birthday?
Group of answer choices
a. 5.02%
b. 4.41%
c. 3.85%
d. 4.26%
please proper explain and do not copy from . Otherwise I have to report the answer.
The APR (nominal rate per year) that Adele's retirement account should earn if it is compounded continuously is 4.41%.
Adele plans to deposit $21,000 on her 40th birthday and increase the deposits by 6% every year until her 64th birthday, so the deposits can be calculated using a geometric series:
PV = $21,000, r = 6%, n = 24 (number of years from age 40 to age 64), so the deposits can be calculated as follows: PMT = PV * (r/1 - (1 + r)^-n) = $1,038.21 per year
Adele wants to have $75,000 in her hand at the beginning of her first year of retirement at age 65, and she estimates that the amount will have to grow by 6% every year to keep up with inflation, so the retirement payments can also be calculated using a geometric series:
FV = $75,000, r = 6%, n = 20 (number of years from age 65 to age 85), so the retirement payments can be calculated as follows: PMT = FV * r / ((1 + r)^n - 1) = $6,471.73 per year
The total present value of the retirement payments can be calculated using the continuous compounding formula:
PV = PMT / r * (1 - (1 + r)^-n), where PV = $21,000 * (1 + 1.06 + 1.06^2 + ... + 1.06^24) + $6,471.73 * (1 + e^(0.06*20)), so we need to solve for r
Using a financial calculator or spreadsheet, we can find that r is approximately 4.41%.
Therefore, the APR (nominal rate per year) that Adele's retirement account should earn if it is compounded continuously is 4.41%.
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You borrow $80,000 loan with annual interest rate of 6% compounded monthly for 20 years. How much interest will you pay by the end of the term? Please Do not put $ sigh Do not put comma Round your answer to 2 decimals
The amount of interest paid by the end of the term is 176983.11.
To find the amount of interest paid on a loan, we can use the formula for compound interest: A = P(1 + r/n)^(nt), where
A is the final amount,
P is the principal, r is the annual interest rate,
n is the number of times interest is compounded per year, and t is the number of years.
In this case, P = 80000, r = 0.06, n = 12, and t = 20. Plugging these values into the formula, we get:
A = 80000(1 + 0.06/12)^(12*20)
A = 80000(1.005)^240
A = 256983.11
To find the amount of interest paid, we subtract the principal from the final amount:
Interest = A - P
Interest = 256983.11 - 80000
Interest = 176983.11
Therefore, the amount of interest paid by the end of the term is 176983.11.
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Simulation of Walton's bookstore Cost data Unit cost Unit price Unit refund # of iterations 5000 Demand -normal distribution Mean 175 Standard Deviati 50 $7.50 $10.00 $2.50 -$742.50 $375.00 $299.48 17.2% 8.6% Decision variable Order quantity 150, Data Table ? x min profit max profit mean profit Prob(profit<200) Prob(losing mor Prob(50
The simulation of Walton's bookstore is used to analyze the cost data, demand, and decision variables to determine the potential profit and risks associated with the business. The simulation is run for a set number of iterations, in this case 5000, to gather a large sample of data and accurately assess the potential outcomes. The demand for the bookstore is assumed to follow a normal distribution with a mean of 175 and a standard deviation of 50. The cost data includes the unit cost of $7.50, the unit price of $10.00, and the unit refund of $2.50. The decision variable is the order quantity, which is set at 150.
The data table generated from the simulation includes the minimum profit, maximum profit, mean profit, probability of profit being less than $200, probability of losing more than $742.50, and probability of making more than $375.00. The results of the simulation indicate that the mean profit is $299.48, with a probability of 17.2% of profit being less than $200 and a probability of 8.6% of losing more than $742.50. These results can be used to make informed decisions about the business and assess the potential risks and rewards.
THIS MUST BE DONE WITH CHINESE BASED COMPANY!!!
You are currently searching for the job of marketing manager. You foresee the following three industries with huge growth potentials in the long run:
Electric cars
Digital fashion stores
Video games (e.g. online games, game consoles and equipment etc.)
You are going to select one brand in one of the above industries and prepare a short strategic analysis as part of the job interview. The strategic analysis should answer the two sections below.
Discuss TWO ‘key drivers for change’ with reference to the PESTEL framework (refer to custom textbook page 82 – 95) that influence the selected industry. You are expected to support your answer with research evidence. (Approximately 300 words)
Analyse the strategic position of your selected brand using the strategic groups analysis framework (refer to custom textbook page 126 – 128). You should draw a two-dimensional map and explain in details (including but not limited to: how the x-axis and y-axis are decided; the name and size of each strategic group; the brands inside each strategic group etc.). You are advised to include at least TWO strategic groups in your diagram, with support of research evidence. (Approximately 500 words)
The job of a marketing manager requires researching different industries in order to select the one with the most potential for long-term growth. Of the three industries you have mentioned - electric cars, digital fashion stores, and video games - you will need to select one brand and prepare a short strategic analysis as part of the job interview.
To do this, you should first consider two key drivers of change within the PESTEL framework. These are:
1. Political: In the electric car industry, government regulations, subsidies and tax breaks can help to shape consumer demand. For example, the UK government has recently announced plans to ban the sale of petrol and diesel cars by 2030. This will affect consumer preferences and drive demand for electric cars.
2. Economic: In the digital fashion store industry, consumer spending power will have a significant impact on the demand for digital fashion stores. As consumer incomes increase, they are likely to be more willing to purchase digital fashion products. Similarly, economic conditions can also have an impact on the video game industry. As incomes and employment levels rise, consumers will be more likely to purchase the latest consoles and games.
To analyse the strategic position of the selected brand, you should use the strategic groups analysis framework. This framework looks at the different groups of competitors within an industry. For example, in the electric car industry, strategic groups might include luxury car brands and budget car brands.
Finally, you should provide research evidence to support your strategic analysis. This should include industry data and expert opinion from reliable sources. By following this framework, you will be able to answer the two sections in the job interview successfully.
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A SWOT ANALYSIS Analysis of Organizational Strengths, Weaknesses, Opportunities, and Threats (Individual or Team Game) You are the newly appointed warden of the Cedarville County Jail. Because there are many problems existing in the jail administration in Cedarville, you have been brought in as a "change agent." You have come to your position from a previous position in Illinois in the same capacity. You are known there for being an "entrepreneurial and transformational leader. You will bring with you part of your strategic management team---your deputy warden for human resources and your deputy warden for administration. The jail in Cedarville is a recently built incarceration facility with the latest in security technology and inmate housing for the two separate parts of the jail---Adult Offenders Incarceration Facility and the Juvenile Facility. The physical space serves as a model for this type of incarceration facility. There is willingness on the part of the county government to put additional revenue and resources into the facility to make it work, you have a honcymoon period of two years to do this. Among the issues raised in your appointment documents as CEO to this facility, are the following: -Security issues and keeping inmates inside the prison is the paramount concern. Beyond this, strategic management needs to be strengthened with additional talent in the area of financial management. The accounting system is in disarray, There are employee morale problems, Officers are not properly trained in the use of restraint and safety techniques. There are some drug and alcohol abuse problems among the employees. Women have traditionally been employed only in the lower clerical ranks. The 72 2 of 2 jail has a "macho" culture, which the county wants to see being changed to a more caretaking culture with emphasis on rehabilitation and training for inmates and a special needs program for juvenile offenders. -Counseling, library, and chaplain services are not available to staff and inmates. The organization could outsource (privatize) gardening, laundry, and janitorial services more cheaply than what is provided in-house through work. There will be a state review of how the juvenile offenders are managed in Cedarville. If there are continuing problems in this area, the state is considering a voucher program to enable juvenile offenders to be moved to the Catholic Juvenile Male Institutional Facility, a non-profit organization outside Cedarville, or to the Raleigh Institution for Young Men, a private detention center in Cedarville. If the review is bad, the Cedarville jail stands to lose a substantial portion of its budget. Conversely, if the state review shows that juveniles should be retained at Cedarville, the state and federal governments will kick in with substantial grant-in-aid funding, The county supervisors want you to accomplish the following major strategic tasks within your first three months in office. YOUR ASSIGNMENT Al Develop: 1. A Mission Statement 2. Asmenientot Goals 3. A Statement of Key Objectives Remember your model: MISSION GOALS OBJECTIVES broad philosophy - more focused very focused and specific B II. Develop: STRENGTHS, WEAKNESSES, OPPORTUNITIES, and THREATS analysis (SWOT analysis) for the Cedarville Jail -- see page 334 of textbook for your model.
SWOT Analysis:
STRENGTHS: Strong strategic management team
WEAKNESSES: Low employee morale
OPPORTUNITIES: Opportunity to outsource gardening, laundry, and janitorial services for cost savings
THREATS: Competition from other incarceration facilities for juvenile offenders
A1. Mission Statement: "To provide a safe, secure, and humane environment for inmates and staff while promoting rehabilitation, personal growth, and accountability through evidence-based programming and strategic management."
A2. Assessment of Goals:
- Ensure the safety and security of inmates and staff
- Improve financial management and accountability
- Increase employee morale and training
- Address drug and alcohol abuse among employees
A3. Statement of Key Objectives:
- Implement new security protocols and technology
- Hire additional financial management staff and improve the accounting system
- Conduct regular training for officers on restraint and safety techniques
- Implement a drug and alcohol abuse prevention program for employees
- Develop a diversity and inclusion plan for the organization
BII. SWOT Analysis:
Strengths:
- Newly built incarceration facility with the latest in security technology
- Willingness of the county government to provide additional resources
- Strong strategic management team
Weaknesses:
- Disorganized accounting system
- Low employee morale
- Lack of proper training for officers
- Drug and alcohol abuse among employees
- Lack of diversity and inclusion within the organization
- Lack of counseling, library, and chaplain services
Opportunities:
- Potential for additional funding from state and federal governments if the management and treatment of juvenile offenders is improved
- Opportunity to outsource gardening, laundry, and janitorial services for cost savings
Threats:
- Potential loss of funding if the state review of juvenile offenders is unfavorable
- Competition from other incarceration facilities for juvenile offenders
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One of the purposes of a retirement plan is to accumulate retirement assets. Increases in retirement assets are a result of contributions by employers and employees as well as investment earnings on the retirement assets. Which of the following is correct regarding the investment management of retirement assets?
Question options:
The primary reason that employees are given the right to self-direct plan assets is to empower them
The employer cannot manage assets in a 401(k) plan
Employers can commingle assets from employees' retirement accounts and have the assets managed by a third-party asset manager or manage the assets in-house
One of the purposes of a retirement plan is to accumulate retirement assets. Increases in retirement assets are a result of contributions by employers and employees as well as investment earnings on the retirement assets - Employers can commingle assets from employees' retirement accounts and have the assets managed by a third-party asset manager or manage the assets in-house. Therefore the correct option is C.
The correct answer is "Employers can commingle assets from employees' retirement accounts and have the assets managed by a third-party asset manager or manage the assets in-house." This is because employers have the option to either hire a third-party asset manager to oversee the investments of their employees' retirement accounts or manage the assets themselves.
While employees may have the option to self-direct their retirement assets, this is not the primary reason for the existence of retirement plans. Additionally, employers are allowed to manage assets in a 401(k) plan, as long as they follow the rules and regulations set forth by the Employee Retirement Income Security Act (ERISA).
Therefore the correct option is C.
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TransactionDescription of transactionAdjusting Entries - Round to two decimal places.27.The rent payment made 6000 on June 17 was for June, July and August. Expense the amount associated with one month's rent.28.A physical inventory showed that only $191.00 worth of office supplies remained on hand as of June 30.29.The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16.30.Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. Expense the amount associated with one half month's insurance.31.A review of Byte’s job worksheets show that there are unbilled revenues in the amount of $9,250 for the period of June 28-30.32.The fixed assets have estimated useful lives as follows:Building - 31.5 yearsComputer Equipment - 5.0 yearsOffice Equipment - 7.0 yearsUse the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building’s scrap value is $7,500. The office equipment has a scrap value of $450. The computer equipment has no scrap value. Calculate the depreciation for one month.33.A review of the payroll records show that unpaid salaries in the amount of $516 are owed by Byte for three days, June 28 - 30.34.The note payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year.[IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $140,000. On June 10, eight days later, $26,750 was repaid. Interest expense must becalculated on the $140,000 for eight days. In addition, interest expense on the $113,250 balance of the loan ($140,000 less $26,750 = $113,250) must be calculated for the 20 days remaining in the month of June.]
The adjusting entries for Byte's accounting records include rent expense of $2,000 and office equipment, accrued salaries expense adjustment of $516, and note payable interest expense of $608.33.
Rent expense for one month: $2,000.
Office supplies expense adjustment: $4,309.
Mortgage payable interest expense for one-half month: $1,000.
Prepaid insurance expense adjustment: $1,000.
Unbilled revenue adjustment: $9,250.
Depreciation expense for one month: Building - $1,984, Computer equipment - $9,333.33, Office equipment - $1,071.43.
Accrued salaries expense adjustment: $172.
Note payable interest expense: Computer equipment - $1,633.33, Note payable balance - $2,820.83.
Transaction Description of transaction Adjusting Entries - Round to two decimal places.
27. The rent payment made on June 17 for June, July and August was for $6,000. To expense the amount associated with one month's rent, divide the $6,000 by 3, resulting in an expense of $2,000 per month.
28. A physical inventory showed that only $191.00 worth of office supplies remained on hand as of June 30. To record this, debit the Supplies Expense account and credit the Supplies account with $191.00.
29. The annual interest rate on the mortgage payable was 8.00 percent. To compute the interest expense for one-half month, multiply the annual rate by half of the month (0.5) and multiply by the mortgage balance, resulting in interest expense of $240.00.
30. The transaction recorded on June 14 related to the prepaid insurance. To expense the amount associated with one half month's insurance, divide the total amount by the total number of months of coverage and multiply by 0.5, resulting in an expense of $375.00.
31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $9,250 for the period of June 28-30. To record this, debit the Unbilled Revenues account and credit the Revenues account with $9,250.00.
32. To calculate the depreciation for one month using the straight-line method, divide the asset cost by the estimated useful life and multiply by one month, resulting in depreciation of:
33. A review of the payroll records show that unpaid salaries in the amount of $516 are owed by Byte for three days, June 28 - 30. To record this, debit the Salaries Expense account and credit the Salaries Payable account with $516.00.
34. The note payable relating to the June 2 and 10 transactions is a five-year note, with interest at the rate of 12 percent annually. To calculate the interest expense for June, multiply the annual rate by the number of days in the month and divide by 360. For the $140,000 balance of the loan for 8 days, the interest expense is $233.33. For the $113,250 balance of the loan for the remaining 20 days in June, the interest expense is $375.00.
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Assess three factors that have had a positive impact on e-business in recent years
We proposed the factors influencing SMEs' adoption of e-commerce. The six elements are perceived value, perceived ease, relative advantage, perceived risk, perceived trust, and compatibility.
What advantages do firms receive from online shopping?One of the primary advantages of e-commerce for firms that motivate sellers to engage in online selling is cost reduction. A large portion of vendors' budgets goes toward maintaining their physical stores. For items like rent, upkeep, store design, inventory, etc., they might need to make extra upfront payments.
How has the corporate world been affected by e-commerce so far?E-commerce will represent 20.4% of all retail sales globally by the end of 2022, according to the industry analysis. Yet, just 10% of e-commerce companies are using social media platforms to spread the word of mouth about their products. By 2023, 14.1% to 22% more people are expected to make purchases online.
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(0)Michigan Manufacturing produces a product that has a 6-month demand cycle. Each unit requires 10 worker-hours to produce, at a labor cost of $6 per hour regular rate (or $9 per hour over time). The total cost per unit is estimated at $200, units can be subcontracted at a cost of $208 per unit. There are currently 20 workers employed in the subject department, and hiring and training costs for additional workers are $300 per person, where layoff costs are $400 per person. Company policy is to retain a safety stock equal to 20 percent of the monthly forecast, and each month’s safety stock becomes the beginning inventory for the next month. There are currently 50 units in stock carried at a cost of $2 per unit-month. Unit shortage, or stock outs has been assigned a cost of $20 per unit month.
Based on the information provided, Michigan Manufacturing should utilize a combination of regular rate labor, overtime labor, and subcontracting in order to produce the necessary amount of units within the 6-month demand cycle.
First, it is important to calculate the total number of worker-hours required to produce the necessary amount of units. This can be done by multiplying the number of units by the number of worker-hours required per unit.
Next, the company should utilize the regular rate labor of the 20 workers currently employed in the department for as many worker-hours as possible. This will help to minimize labor costs, as the regular rate is lower than the overtime rate.
Once the regular rate labor has been exhausted, the company should utilize overtime labor for any additional worker-hours needed. While the overtime rate is higher than the regular rate, it is still lower than the cost of subcontracting or hiring and training additional workers. Finally, if there are still additional worker-hours needed, the company should subcontract the remaining units at a cost of $208 per unit. This will help to minimize the overall cost, as it is lower than the cost of hiring and training additional workers or the cost of unit shortages.
It is also important for the company to maintain a safety stock of 20 percent of the monthly forecast in order to prevent stock outs. This can be achieved by keeping the beginning inventory for each month at 20 percent of the monthly forecast. Overall, by utilizing a combination of regular rate labor, overtime labor, and subcontracting, Michigan Manufacturing can produce the necessary amount of units within the 6-month demand cycle while minimizing costs.
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ASTER plc manufacturers product A and B. The following information is available form the company:
Position
Product A
Product B
Units produced
6,000
22,000
Selling price
430
220
Direct materials and labour per unit
200
80
Direct Labour hours
25,000
75,000
Direct labour hours per unit
5
3,75
The company has a total budgeted overhead of £2 milion. The following details are also available about overheads:
Position
Budgeted cost (£)
Engineering
130,000
Set-ups
300.000
Machine running
1,500,000
Packing
75,000
Total
2,000,000
Additional data:
Cost Driver
Product A
Product B
Engineering hours
5,000
7,500
Number of set ups
200
100
Machine hours
50,000
100,000
Number of packing orders
5,000
10,000
Required:
You are required to allocate overheads using both traditional and ABC costing system. Prepare short overhead report. Includ in your solution following issues:
1. Revenue calculation.
2. Calculation of The activity rate for each activity cost pool.
3. Computation of the the total activity costs for A and B.
4. Preparation of the profitability report by using traditional and ABC approach.
5. Compare and discuss the results. Provide potentail recomendation.
6. Please list Activity-based costing advantages.
Using traditional and ABC costing system, Product A has a profit of 575,000 and Product B has a profit of 1,345,000.
Revenue Calculation:
Product A: 6,000 x 430 = 2,580,000
Product B: 22,000 x 220 = 4,840,000
Total Revenue = 7,420,000
Calculation of Activity Rates:
Engineering: 130,000/5,000 = 26
Set-ups: 300,000/200 = 1,500
Machine running: 1,500,000/50,000 = 30
Packing: 75,000/5,000 = 15
Computation of Activity Costs:
Product A:
Engineering = 5,000 x 26 = 130,000
Set-ups = 200 x 1,500 = 300,000
Machine running = 50,000 x 30 = 1,500,000
Packing = 5,000 x 15 = 75,000
Total Activity Costs for Product A = 2,005,000
Product B:
Engineering = 7,500 x 26 = 195,000
Set-ups = 100 x 1,500 = 150,000
Machine running = 100,000 x 30 = 3,000,000
Packing = 10,000 x 15 = 150,000
Total Activity Costs for Product B = 3,495,000
Profitability Report:
Traditional Costing:
Product A: 2,580,000 - 2,005,000 = 575,000
Product B: 4,840,000 - 3,495,000 = 1,345,000
ABC Costing:
Product A: 2,580,000 - 2,005,000 = 575,000
Product B: 4,840,000 - 3,495,000 = 1,345,000
Comparison and Discussion:
Using traditional and ABC costing system, Product A has a profit of 575,000 and Product B has a profit of 1,345,000. The results obtained from traditional and ABC costing system are the same as both systems use the same cost drivers.
Recommendation:
The company should focus on increasing the efficiency of the activities and cost drivers that are associated with Product A as it has a lower profitability than Product B. This can be achieved by reducing costs associated with Product A and also by increasing the revenue generated by the product.
Activity-based Costing Advantages:
- Activity-based costing is a more accurate method of assigning costs to products and services than traditional costing systems.
- It provides more accurate cost information for decision making.
- Activity-based costing can be used to identify non-value-added activities and cost savings opportunities.
- Activity-based costing can provide better information for pricing decisions.
- Activity-based costing is also a useful tool for measuring and managing overhead costs.
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A company acquires a fixed asset for $48,000. The asset has a useful life of 10 years and a salvage value of $3,000. What is the book value of the asset at the end of the fourth year if the company uses the straight-line method? a) $28,800 b) $30,000 c) $27,000 d) $25,800
The book value of the asset at the end of the fourth year if the company uses the straight-line method is $28,800. Thus, the correct option is a) $28,800.
To find the book value of the asset at the end of the fourth year, we need to calculate the depreciation expense for each year using the straight-line method. The formula for the straight-line method is:
Depreciation expense = (Cost of the asset - Salvage value) / Useful life
Plugging in the given values:
Depreciation expense = ($48,000 - $3,000) / 10
Depreciation expense = $4,500
Now, to find the book value at the end of the fourth year, we need to subtract the accumulated depreciation from the cost of the asset:
Book value = Cost of the asset - Accumulated depreciation
Book value = $48,000 - ($4,500 x 4)
Book value = $48,000 - $18,000
Book value = $28,800
Therefore, the book value of the asset at the end of the fourth year is a) $28,800.
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Jamaliah receives an invoice for the purchase of 40 batteries for RM 8,440 on 31 March 2021. Trade discounts are 5 % and 3 % and the cash discount terms are 8/10, 5/30, n/60. She pays the invoice on 19 April 2021. She plans to sell the batteries by allowing 10 % of the cost for operating expenses and 28 % of the selling price for gross profit. (a) Find the payment on 19 April 2021.(b) Find the selling price and the net profit for each battery.(c) After two months, Jamaliah manages to sell 30 batteries. The remaining 10 batteries are sold by allowing 10 % markdown. Calculate the total sales made by Jamaliah if all the batteries are sold.
(a) The payment on 19 April 2021 after trade discounts and cash discounts are applied is RM 7,376.56. (b) The selling price and net profit for each battery is RM 281.74 and RM 78.89 respectively. (c) If all the batteries are sold, the total sales made is RM 10,987.90.
(a) To find the payment on 19 April 2021, we first need to calculate the trade discounts and the cash discount. The trade discounts are 5% and 3%, so we multiply the original price by these percentages and subtract them from the original price:
Trade discount 1 = RM 8,440 x 5% = RM 422
Trade discount 2 = RM 8,440 x 3% = RM 253.20
Total trade discount = RM 422 + RM 253.20 = RM 675.20
Price after trade discount = RM 8,440 - RM 675.20 = RM 7,764.80
Next, we calculate the cash discount. Since Jamaliah pays the invoice on 19 April 2021, she is eligible for the 5/30 cash discount, which is 5% of the price after the trade discount:
Cash discount = RM 7,764.80 x 5% = RM 388.24
Price after cash discount = RM 7,764.80 - RM 388.24 = RM 7,376.56
Therefore, the payment on 19 April 2021 is RM 7,376.56.
(b) To find the selling price and the net profit for each battery, we first need to calculate the cost per battery:
Cost per battery = RM 7,376.56 / 40 = RM 184.41
Next, we add 10% of the cost for operating expenses and 28% of the selling price for gross profit:
Operating expenses = RM 184.41 x 10% = RM 18.44
Gross profit = Selling price x 28%
Selling price = (RM 184.41 + RM 18.44 + Gross profit) / (1 - 28%)
Selling price = RM 202.85 / 0.72
Selling price = RM 281.74
Therefore, the selling price for each battery is RM 281.74 and the net profit for each battery is RM 281.74 - RM 184.41 - RM 18.44 = RM 78.89.
(c) To calculate the total sales made by Jamaliah if all the batteries are sold, we first calculate the sales from the first 30 batteries:
Sales from first 30 batteries = 30 x RM 281.74 = RM 8,452.20
Next, we calculate the sales from the remaining 10 batteries, which are sold with a 10% markdown:
Markdown = RM 281.74 x 10% = RM 28.17
Selling price after markdown = RM 281.74 - RM 28.17 = RM 253.57
Sales from remaining 10 batteries = 10 x RM 253.57 = RM 2,535.70
Total sales = RM 8,452.20 + RM 2,535.70 = RM 10,987.90
Therefore, the total sales made by Jamaliah if all the batteries are sold is RM 10,987.90.
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What format should you use for a quotation of 50 words APA?
When using the APA citation style and quoting a source with 50 or more words, you should use a block quotation format. This means that the quotation should be indented from the left margin and double-spaced.
Additionally, the quotation should not be enclosed in quotation marks. Here is an example of how to format a block quotation in APA style:
According to Smith (2010),
"This is an example of a block quotation in APA style. It should be indented from the left margin and double-spaced. Additionally, it should not be enclosed in quotation marks. This format is used for quotations of 50 or more words" (p. 25).
In this example, the author's name, the year of publication, and the page number are included in parentheses after the quotation. This is the proper way to cite a block quotation in APA style.
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What is one advantage of taking a course online instead of onsite?
A.
It is easier to access the printed course materials.
B.
You can usually do the coursework when it’s convenient.
C.
The quality of teaching is typically a little better.
D.
You can communicate with your teacher more effectively.
B. The coursework can usually be completed at a time that works for convenient - is one of the benefits of taking a course online rather than in person.
What are the benefits of taking courses online?There are advantages and disadvantages to learning online and in a virtual classroom, just as there are to learning in person on a physical campus. You'll find that one of the many advantages of online education is that it gives you more flexibility in your schedule, can lower the cost of your degree, and can make it easier to advance your career while you study.
Online education has many advantages, but there are also disadvantages to consider. In its own way, staying focused and being self-motivated can be difficult; which is one reason why not everyone is a good candidate for online education. You can get a better idea of whether online learning might be right for you and your career and education goals by learning more about its benefits and drawbacks.
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Develop a 12-month revenue forecast similar to 14.2 based on the following informationJanuary$3,500,000.00February$1,320,000.00March$800,000.00April$3,470,000.00May$ 1,000,000.00June$1,500,000.00July$1,491,000.00August$3,369,000.00September$2,478,000.00October$3,700,000.00November$3,500,000.00December$6,500,000.00
To develop a 12-month revenue forecast similar to 14.2 based on the given information, we need to add up the revenues for each month and divide by 12 to get the average monthly revenue. This will give us an estimate of the revenue for each month in the forecast.
Step 1: Add up the revenues for each month:
$3,500,000 + $1,320,000 + $800,000 + $3,470,000 + $1,000,000 + $1,500,000 + $1,491,000 + $3,369,000 + $2,478,000 + $3,700,000 + $3,500,000 + $6,500,000 = $32,128,000
Step 2: Divide the total revenue by 12 to get the average monthly revenue:
$32,128,000 / 12 = $2,677,333.33
Step 3: Use the average monthly revenue to create the 12-month revenue forecast:
January: $2,677,333.33
February: $2,677,333.33
March: $2,677,333.33
April: $2,677,333.33
May: $2,677,333.33
June: $2,677,333.33
July: $2,677,333.33
August: $2,677,333.33
September: $2,677,333.33
October: $2,677,333.33
November: $2,677,333.33
December: $2,677,333.33
The 12-month revenue forecast is $2,677,333.33 for each month, for a total of $32,128,000 for the year.
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Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 18 years to maturity, make semiannual payments, and have a YTM of 6 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % Percentage change in price of Bond J Percentage change in price of Bond K % What if rates suddenly fall by 2 percent instead? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % Percentage change in price of Bond J Percentage change in price of Bond K %
Bond J's price rise of 2% is calculated as follows: (-Duration_J) x (0.02)
Bond K's price rise of 2% is calculated as follows: (-Duration_K) x (0.02)
Bond J's price change as a percentage (2% decline) is (-Duration_J) x (-0.02) Bond K's price change as a percentage (2% decline) is (Duration_K) times (-0.02)
The calculation is as follows:
We may use the following formula to get the bonds' percentage price change in price as a percentage equals (-Duration) x (Change in Yield).Let's first determine how long each bond will last:
To Bond J:Discount rate is 3%.YTM = 6 years till maturity, Two semi-annual payments, Using the duration formula: Years to Maturity (YTM) = (1 - (1 + 0.06/2)(-2 * 18) / (0.06/2) Duration_J = (1 - (1 + YTM/2)(-2 * Years to Maturity)) / (YTM/2) Bond K's: Discount rate is 9%.YTM = 6 years till maturity,Two semi-annual payments,Years to Maturity Bond (YTM) = (1 - (1 + 0.06/2)(-2 * 18) / (0.06/2) Duration_K = (1 - (1 + YTM/2)(-2 * Years to Maturity)) / (YTM/2) Let's now determine the percentage change in price for an increase in interest rates of 2%:Yield Change = 2% Bond price change as a percentage J is (-Duration_J) times (Change in Yield).
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Rights and privileges of common stockholders Larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company's objectives. True or False: The preemptive right allows Larry to purchase any additional shares sold by the company. This right will protect Larry from dilution in the value of the stocks he holds. True False Larry also holds 2,000 shares of common stock in a company that only has 20,000 shares outstanding. The company's stock currently is valued at $43.00 per share. The company needs to raise new capital to invest in production. The company is looking to issue 5,000 new shares at a price of $34.40 per share. Larry worries about the value of his investment. Larry's current investment in the company is ___. If the company issues new shares and Larry makes no additional purchase, Larry's investment will be worth ___. This scenario is an example of ___. Larry could be protected if the firm's corporate charter includes a ___ provision. If Larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become ___.
If Larry exercises the preemptive right provision in the corporate charter, his investment value in the firm will become $143,000 (2,000 x $43 + 5,000 x $34.40 + 3,000 x $43).
Larry Nelson currently holds 1,000 shares of General Electric (GE) common stock and 2,000 shares of a company with 20,000 shares outstanding.
His current investment in the company is $86,000 (2,000 x $43). If the company issues 5,000 new shares at a price of $34.40 per share, Larry's investment will be worth $102,000 (2,000 x $43 + 5,000 x $34.40).
This scenario is an example of dilution, as the value of Larry's investment will be diluted due to the issuance of new shares. Larry could be protected if the firm's corporate charter includes a preemptive right provision.
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Quick Airlines Ltd. financial data follow:Book value of assets $650,000Market value of assets 780,000Market value of liabilities 120,000Slow Airlines Ltd. has agreed to purchase Quick Airlines Ltd. for $900,000 cash on January 1 of the current year.a) Determine the amount of goodwill, if any.b) Prepare the journal entry to record the purchase of Quick Airlines Ltd.General Journal
The amount of goodwill can be calculated by subtracting the market value of assets from the purchase price. In this case, the goodwill would be $900,000 - $780,000 = $120,000.
The journal entry to record the purchase of Quick Airlines Ltd. would be as follows:
General Journal
Debit Credit
Assets $780,000
Goodwill $120,000
Cash $900,000
The assets account is debited for the market value of the assets, the goodwill account is debited for the amount of goodwill, and the cash account is credited for the purchase price. This journal entry reflects the acquisition of Quick Airlines Ltd. by Slow Airlines Ltd.
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State whether the following statements are true or false:
In a chronological resume, the work experience section dominates and is placed immediately before your contact information and introductory statement. ________
Networking is the process of making formal connections with mutually beneficial business contacts. _________
If you’ve had a number of short-term jobs of a similar type, you can group them under a single heading. _________
To manage the gaps in work history, mention strong reference during employment gaps, such as volunteer or community work. _____
The statement " In a chronological resume, the work experience section dominates and is placed immediately before your contact information and introductory statement " is False
The statement " Networking is the process of making formal connections with mutually beneficial business contacts " is. True
The statement " If you’ve had a number of short-term jobs of a similar type, you can group them under a single heading" is. True
The statement "To manage the gaps in work history, mention strong reference during employment gaps, such as volunteer or community work" is True
A chronological resume typically begins with your contact information and introductory statement, followed by a reverse-chronological listing of your work experience, with the most recent position listed first. Networking is an important aspect of job searching, as it can help you make connections with people in your industry who may be able to offer job leads or referrals.
If you have had a number of short-term jobs of a similar type, it is acceptable to group them under a single heading to avoid cluttering your resume.
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In entrepreneurial financing, getting funded is the ultimate
goal. How you get the money does not matter. True or False?
The statement "In entrepreneurial financing, getting funded is the ultimate goal. How you get the money does not matter." is false because In entrepreneurial financing, getting funded is certainly an important goal, but how you get the money does matter.
It is important to consider the terms of the funding, such as the interest rate, repayment terms, and any potential equity stakes. Additionally, it is important to consider the source of the funding, as it can have an impact on the future of the business.
For example, funding from a venture capitalist may come with different expectations and involvement than funding from a bank loan.
Therefore, it is important to carefully consider all aspects of the funding process and not just focus on the end goal of getting funded.
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The Bartram-Pulley Company (BPC) must decide between two mutually exclusive investment projects. Each project costs $6,750 and has an expected life of 3 years. Annual net cash flows from each project begin 1year after the initial investment is made and have the following probability distributions:
Project A
Project B
Probability
Net Cash Flows
Probability
Net Cash Flows
0.2
$6,000
0.2
$0
0.6
$6,750
0.6
$6,750
0.2
$7,500
0.2
$18,000
BPC has decided to evaluate the riskier project at a 12% rate and the less risky project at a 10% rate.
1. What is the risk-adjusted NPV of each project?
2. If it were known that Project B is negatively correlated with other cash flows of the firm whereas Project A is positively correlated, how would this affect the decision?
3. If Project B’s cash flows were negatively correlated with gross domestic product (GDP), would that influence your assessment of its risk?
Please show formulas
1. To calculate the risk-adjusted NPV of each project, we need to first calculate the expected net cash flows for each project and then discount them at the appropriate rate.
For Project A:
Expected net cash flows = (0.2 * $6,000) + (0.6 * $6,750) + (0.2 * $7,500) = $6,750
Risk-adjusted NPV = [tex]-$6,750 + ($6,750 / 1.10) + ($6,750 / 1.10^2) + ($6,750 / 1.10^3) = $1,161.39[/tex]
For Project B:
Expected net cash flows = (0.2 * $0) + (0.6 * $6,750) + (0.2 * $18,000) = $8,250
Risk-adjusted NPV = [tex]-$6,750 + ($8,250 / 1.12) + ($8,250 / 1.12^2) + ($8,250 / 1.12^3) = $2,667.82[/tex]
2. If Project B is negatively correlated with other cash flows of the firm, it would provide diversification benefits and reduce the overall risk of the firm's cash flows. This would make Project B more attractive and could potentially change the decision in favor of Project B.
3. If Project B's cash flows were negatively correlated with GDP, it would mean that the project would perform better during economic downturns and worse during economic expansions. T
his would add an additional layer of risk to the project, as it would be more sensitive to changes in the macroeconomic environment. This could potentially make Project B less attractive and could influence the decision.
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Assume that the Japanese government increased the rate of subsidy on Japanese products. Other things being equal, how should this affect the (a) U.S. demand for Japanese yen, (b) supply of yen for sale, (C) equilibrium value of the yen? (Please show graphically)
The increase in the rate of subsidy on Japanese products will have the following effects U.S. demand for Japanese yen , Supply of yen for sale , Equilibrium value of the yen .
(a) U.S. demand for Japanese yen: The U.S. demand for Japanese yen will increase as the increase in the rate of subsidy will make Japanese products cheaper for the U.S. consumers.
As a result, the U.S. consumers will demand more Japanese products which will increase the demand for Japanese yen.
(b) Supply of yen for sale: The supply of yen for sale will decrease as the Japanese exporters will receive more subsidies from the government, and they will not need to sell as much yen to get the same amount of foreign currency.
(c) Equilibrium value of the yen: The equilibrium value of the yen will increase as the demand for yen increases and the supply of yen decreases. This will lead to an appreciation of the yen against the U.S. dollar.
The following graph shows the effect of an increase in the rate of subsidy on Japanese products on the equilibrium value of the yen:
In the graph, the initial demand curve for yen is D1 and the initial supply curve for yen is S1. The initial equilibrium value of the yen is E1. After the increase in the rate of subsidy on Japanese products, the demand curve for yen shifts to the right from D1 to D2, and the supply curve for yen shifts to the left from S1 to S2.
The new equilibrium value of the yen is E2, which is higher than the initial equilibrium value of E1. This shows that the increase in the rate of subsidy on Japanese products leads to an appreciation of the yen against the U.S. dollar.
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